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A promising bet on athleisure

WHEN ViQ Apparel first came onto the scene, there weren’t many other local players offering athleisure products. The company can be considered one of the pioneers in the industry.

Spa Ceylon to open three centres in Klang Valley this year

KUALA LUMPUR: Spa Ceylon Malaysia, an Ayurveda retail and spa company, plans to open three spa centres this year, strategically located in the heart of the Klang Valley to meet the needs and demand of its growing customers.

Healthy prospect for consumer spending

IN 2005, interest will centre on the consumer sector, which has been going strong for a number of years now.Today we bring you comments by Nestle (M) Bhd managing director Sullivan O'Carroll, British American Tobacco (M) Bhd managing director Andrew Gray and Theo de Rond, managing director of Guinness Anchor Bhd.

Palm oil firms set for bountiful harvest

Malaysia's golden crop, the oil palm, has seen demand and attractiveness for its oil increase by leaps and bounds. Golden Hope chief executive Datuk Sabri Ahmad says as the only integrated plantation player, potential merger synergies will be important for the group. Despite many fears about investing in Papua New Guinea, Kulim went ahead to build up its plantations in that country. Managing director Ahamad Mohamad says that has been just about one of the best moves that the group has made in its overseas ventures. The next area of focus will be Kalimantan. The consumer outlook varies from segment to segment. For Rajah Kumar, chairman and CEO of Philips Malaysia, the group sees opportunities in the healthcare and lifestyle segments where a major emphasis is on improving the quality of life.

Nestle net profit soars to new record

Nestle posted a higher-than-expected 13.8% rise in 2006 net profit, boosted by its food and beverage business and a surge in Nespresso sales.

Hai-O unit in RM30m sweetener deal

SG Global Biotech Sdn Bhd, the pharmaceutical manufacturing arm of Hai-O Enterprise Bhd, is targeting for the division to contribute 5% to group revenue within three to five years, thanks to a manufacturing contract from PureCircle (M) Sdn Bhd.

Philips targets Asian market

Philips Medical Systems is targeting Asia for greater revenue growth and has placed excellent teams in the region to achieve its aspiration.

Aetna to buy Coventry for US$5.6bil

CHICAGO: Health insurer Aetna Inc said on Monday that it would buy rival Coventry Health Care Inc for $5.6 billion to increase its share of the fast-growing, U.S. government-backed Medicare and Medicaid programs.

Nestle invests RM50m to upgrade noodle production

Nestle (M) Bhd has invested RM50mil to upgrade its noodle production facilities with a new technology to manufacture healthier noodles.

RM300mil expansion for Tropicana Medical Centre

KUALA LUMPUR: TMC Life Sciences (TMCLS) Bhd plans to expand its flagship hospital, Tropicana Medical Centre in Kota Damansara here, into a 600-bed hospital costing RM300mil.