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Malaysia's decision to scrap its ringgit peg for a managed float system will improve government finances, damp inflation and fuel economic growth, Moody's Investors Service said.
Malaysia's I>A3 /I>rating and stable outlook reflect the country's strong external financial position, Moody's Investors Service said in its annual country report on Thursday.
RAMUNIA Holdings Bhd has signed an underwriting agreement with Kamp;N Kenanga Bhd and AmMerchant Bank Bhd in conjunction with its listing on Bursa Malaysia#039;s second board, scheduled for next month.
PTT Plc and Petroliam Nasional Bhd (Petronas) will buy gas from a field shared by Malaysia and Thailand starting January after the construction of a US$900mil pipeline and separation plant, a Thai government official said.
OIL and gas engineering and heavy-fabrication group Ramunia Holdings Bhd will make its debut on the Bursa Malaysia second board in the last quarter of 2004 via the re-structuring and re-listing of Saship Holdings Bhd (SHB).