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THE Malaysian Employers Federation (MEF) has described the proposed Budget 2004 as a challenge for the corporate sector to move into a higher level of development with an emphasis on greater use of information technology (IT) and skilled manpower.
STOCKS on the KLSE ended August on a weak note, with the Composite Index (CI) dropping 0.4% to 743 yesterday ahead of the long Merdeka weekend but up 3% for the entire month following the market's breakout from a consolidation period at the end of July.
A former executive of Citigroup Global Markets Inc. was indicted on charges he embezzled more than $70,000 from two mutual funds he controlled.
Shares on the KLSE, especially small-cap stocks, rallied on strong volume yesterday as a number of corporate proposals boosted market sentiment.