Rally on Bursa M’sia broad based

THE market rally that had centred on the Mesdaq Market became more broad-based yesterday as the share prices of many blue chips advanced, pushing the Kuala Lumpur Composite Index (KLCI) 10.5 points higher to a near eight-month high of 941.6.

Abdullah heads honours list

Prime Minister Datuk Seri Abdullah Ahmad Badawi heads 487 recipients who will be conferred titles and awards in conjunction with the Sultan of Kelantan Tuanku Ismail Petra's 56th birthday celebrations today.

Counsel: Wasli condemned twice

The Public Prosecutor deliberately formulated two new bribery charges against Datuk Wasli Mohd Said because the latter's five charges in Sabah could not be transferred here for trial, the High Court heard.

News in brief

News briefs on: Titan, PPB Oil, Affin and Bursa

CPO to boost PPB earnings

PPB Group Bhd expects 2006 to be challenging but believes it should record better financial results than 2005 with a rebound in crude palm oil (CPO) prices and an improvement in its sugar refining business.

Malaysia spared high global sugar prices

Food and beverage companies as well as consumers will continue to enjoy low sugar prices for at least three more years despite the recent hike in sugar price globally.

News in Brief

E&O revamp approved

Eastern Oriental Bhd (EO) shareholders yesterday approved the group's recapitalisation exercise that will raise between RM220mil and RM327.2mil to pare down borrowings and comply with the public spread requirement of its property unit, EO Property Development Bhd (EO Prop).

Malaysian planters keen on Indon land

MALAYSIAN plantation companies are still on an acquisition trail for land in Indonesia this year.

Week that was

Compiled by SHANTINI SUNTHARAJAH