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Nestle Malaysia to cease sugar confectionery business

NESTLE (M) Bhd will close down all activities relating to the sugar confectionery business conducted by two subsidiaries from May 1, as they have been a drain on the company#039;s operating profits.


Nestle stays confident despite tough times

NESTLE (M) Bhd managing director Jose Lopez is unperturbed by analysts' downgrades on his company against concerns over rising commodity prices and the current uncertain economic conditions.


M’sia economic growth augurs well for company

DESPITE the current volatility, economies like Malaysia's should see growth in the long term and this would augur well for Nestle, said the head of research at a local brokerage firm.


Comforting trend seen in buyback

Against the sluggish market condition, we note a comforting trend from either companies resuming or activating buybacks on their own, or major shareholders emerging buyers. These are certainly signals of confidence to the investment community, and more so to minority shareholders during the trying period. In this report, we compile these transactions which we believe would be of interest to investors, categorising into:


L'Oreal Malaysia growing beautifully

WHAT exactly do Lancome, Maybelline, Redken and Biotherm have in common?

Other Sport

Move to get more foreign entries for Bendang Run

More than 10,000 runners are expected to take part in the Second Bendang Power run in Kedah on May 3 and attempts are being made to attract more foreign participants.


1,000 free copies of Kuntum for 'visionary' primary school

Star Publications (M) Bhd gave away 1,000 copies of I>Kuntum/Ito a #8220;visionary#8221; primary school to mark the launch of the mobile promotion unit of the popular children#8217;s magazine here recently.


News in brief

News in brief on Berjaya Sports, MISC, Bell 7 Order and other firms.


Nestle issues RM700m Islamic PDS

NESTLE (M) Bhd#039;s wholly-owned subsidiary Nestle Foods (M) Sdn Bhd has signed an agreement for the issuance of RM700mil worth of Islamic commercial paper and medium-term notes (CP/MTN) following approval by the Securities Commission.


Going with the flow

DR ONG HEAN-TATT claims that the principles of the ancient Water Dragon Classic can be explained by modern science.