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Telstra Corp Ltd, Australia's dominant telecommunications carrier, said yesterday its broadband arm expects to achieve positive operating earnings in 2003/04 for the first time as its subscriber base doubled.
THE KL stock market will outperform its peers in Asia this year against the backdrop of stable political and favourable economic conditions in the country, said Standard Poor's (SP) director and general manager of Asia equity research, Charles Wheeler.
Booming sales to China and rising capital investment drove South Korea's exports and imports to record highs in March, the government said yesterday, but separate data showed inflation remained a worry for the economy.
Malaysia likes to see prices of natural resources such as petroleum stabilise so as not to affect its trading partners, said International Trade and Industry Minister Datuk Seri Rafidah Aziz.
A decision on the implementation of ceiling prices for audio and video compact discs will only be made in three months time, said new Domestic Trade and Consumer Affairs Minister Datuk Shafie Apdal.
Analysts predicted that oil prices will increase from already uncomfortably high levels, following an Organisation of Petroleum Exporting Countries (Opec) decision to cut its output target by 4% starting yesterday.
Cash-rich Sime Darby Bhd is hot on the acquisition trail. It has made a bid for a controlling stake in Hyundai-Berjaya Corp Bhd (HBJ) and has also approached Jaya Holdings Ltd with an offer to take over the Singapore-listed oil and gas services company, sources said.
PETRA Perdana Bhd has regained favour with oil and gas sector analysts with its stepped-up foray into the marine transportation business.