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Business 15 Jul 2003 | 12:00 AM

Earnings may add to US stock market fizz

This week's rush of quarterly earnings announcements from icons like chip leader Intel Corp and banking titan Citigroup Inc may give the US stock market another jolt higher as Corporate America hints at an improving economy.

Business 15 Jul 2003 | 12:00 AM

POSCO profit soars on higher steel prices

South Korean steel maker POSCO reported yesterday that its net profit had more than tripled in the second quarter, thanks to strong prices for high-quality steel in a tight market.

Business 15 Jul 2003 | 12:00 AM

Petronas Dagangan sees better results

PETRONAS Dagangan Bhd, (PDB) the retail arm of Petroliam Nasional Bhd (Petronas), expects an improvement in performance in the current year ending March 31, 2004, fuelled by new petrol station openings and better costs management.

Business 15 Jul 2003 | 12:00 AM

News in brief

News in brief on Bumi Armada Navigation, Maxis, Prestar, UPA, Landmarks, Gume, UMW and Fourseason.

Business 15 Jul 2003 | 12:00 AM

Lam Soon sees cooking oil sales up by 10%

LAM SOON Edible Oils Sdn Bhd, a subsidiary of Lam Soon (M) Bhd, expects up to 10% higher sales of its cooking oil this year from RM150mil last year, amid an upturn in the cooking oil market.

Business 15 Jul 2003 | 12:00 AM

IPOs regain strong public interest

INITIAL public offerings (IPOs) are attracting strong investor interest again, as reflected in the high rates of subscription for recent new issues. After playing it cagey for almost the whole of last year and a good part of this year, investors are pouring money back into the IPO market.

Business 16 Jul 2003 | 12:00 AM

ERM to boost Magnus ops

MAGNUS Quest (M) Sdn Bhd, the company behind premier European corporate wear label, I>Magnus Quest/I>, expects business to be even better going forward with the full installation of its end-to-end enterprise resource management (ERM) system.

Business 16 Jul 2003 | 12:00 AM

Mirant files for bankruptcy protection

Another major US power producer and trader, Mirant Corp, has filed for Chapter 11 bankruptcy protection after slumping prices and higher costs left it unable to refinance US$4.9bil in bank and bond debt.

Business 16 Jul 2003 | 12:00 AM

Kia Lim confident of turning around

JOHOR-BASED brick and clay roofing tile manufacturer Kia Lim Bhd, which has been in the red since 1998, is optimistic of achieving better results in the near future.

Business 16 Jul 2003 | 12:00 AM

Snapshots

Pauline S.C. Ng writes on AZRB.