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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.
CYL Corporation Bhd has experienced a surge in business orders from customers who are involved in the detergent and toiletries sectors since March following the onset of the Severe Acute Respiratory Syndrome (SARS), its managing director Chen Yat Lee said.
Formula One team bosses have agreed to work with leading carmakers on plans for a new Grand Prix championship from 2008, the GPWC organisers said on Thursday.