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Stock Market Signals: A weekly column by G.M. Teoh on the performance of the KLSE's Main Board.
LIFE goes on for many Malaysian businesses despite the war in Iraq. While there are fewer foreign tourist arrivals, the resorts business is taking it in its stride and is making plans to counter the negative impact.
The UEM-Renong group#039;s announcement of its final restructuring plan drew mixed reaction from investors yesterday. In its heyday, an announcement by the group would have boosted sentiment on the KLSE, but Thursday#039;s news failed to even lift the share prices of most companies within the new UEM Group.
The Nasdaq stock market on Tuesday followed the lead of the New York Stock Exchange (NYSE) in barring the Al-Jazeera Arab satellite-TV channel from using its facilities to broadcast live market reports.
RENONG: One new share in UEM World for every four existing Renong shares held at RM1.60 per share