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Business

HSL posts 97% jump in Q1 pre-tax

SARAWAK-BASED Hock Seng Lee Bhd (HSL) has posted a 97% jump in group pre-tax profit to RM6.05mil for the first quarter of this year while turnover rose by 72% to RM58.65mil.

Business

Hock Seng Lee keeps busy with 30 projects in hand

HOCK Seng Lee Bhd (HSL), which recorded a 54% increase in pre-tax profit to RM17.25mil for the financial year ended Dec 31, 2002, has 30 projects in hand to keep it busy for the next two to three years.

Business

Nanyang Golden Bulls for SMEs

SMALL and medium-sized enterprises (SMEs) have received another boost in the form of the I>Golden Bull /I>awardsI/I>initiated by Chinese daily I>Nanyang Siang Pau/I>

Business

Ekran completes airport project ahead of schedule

EKRAN Bhd has completed the Miri Airport runway extension project, 13 months ahead of schedule.

Business

Maybank plays down collateral for loans to SMIs

COLLATERAL would not be Malayan Banking Bhd#039;s (Maybank) principal criteria for approving loan applications by small- and medium-sized industries (SMIs) as greater emphasis would be placed on business viability, realistic business plans, business environment and competition.

Business

AsiaGreen gets 10 orders for high-speed hammer mill

KUALA Lumpur-based AsiaGreen Environmental Sdn Bhd has received 10 orders for its high-speed hammer mill - nine from palm oil plantation companies in Malaysia and one from Sumatra, Indonesia.

Business

Hornbill Skyways to take over Vision Air

An aviation company owned by the Sarawak Government - Hornbill Skyways - will take over all of Vision Air's flights when it ceases operations at the end of this month.

Business

Foresight pays off for Umehiko

SARAWAK-BASED Umehiko (M) Sdn Bhd#039;s foresight to tap into the cheap labour market in China through a strategic tie-up to produce natural granite and other building stones for exports worldwide has paid dividends.

Business

Ratings

RATING Agency Malaysia Bhd (RAM) has downgraded the long-term rating of B>FACB RESORTS BHD'S/BRM420mil zero coupon redeemable secured bonds to I>B1(s)/Ifrom I>BB3(s)/I>.

Business

MAS raising flight frequency

FRESH from completing its turnaround scheme, Malaysia Airlines (MAS) unveiled yesterday an expansion plan to provide greater connectivity to lucrative markets within the region and domestically.