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Gerakan vice-president Tan Sri Dr Koh Tsu Koon has received overwhelming support from the state committees to be the party's number two. The question now for the coming party elections is whether deputy president Datuk Seri Kerk Choo Ting will take on his boss, Datuk Seri Dr Lim Keng Yaik. HAH FOONG LIAN reports.
A Hong Kong newspaper reported Friday that CNOOC Ltd., China's third-largest oil producer, plans to scuttle its bid for Unocal Corp. as early as next week because political pressure from Washington has made the deal impossible, but CNOOC dismissed the report as speculation.
The Chinese state-owned oil company CNOOC Ltd. almost snatched Unocal Corp. out of Chevron Corp.'s hands last week, but failed because it didn't raise its already-pricier bid enough to offset considerable regulatory and financial risks, Unocal said.