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Asian markets pare losses

Asian markets gained back some ground in Wednesday trade to close higher amid range-bound trading after data showed global growth slowing.


German firm to take up major stake in Sanichi

SENAI: ACE Market-listed Sanichi Technology Bhd says its deal with a German automotive vendor is likely to be concluded in the first quarter of next year.


Dow falls 512 in steepest decline since '08 crisis(update4)

NEW YORK: Gripped by fear of a new recession, the stock market suffered its worst day Thursday since the financial crisis in the fall of 2008. The Dow Jones industrial average fell more than 500 points, its ninth-steepest decline.


Bursa reprimands Sanichi, directors for breaching rule

PETALING JAYA: Bursa Malaysia Securities Bhd publicly reprimands Sanichi Technology Bhd for breach of Rule 9.16(1)(a) of the ACE LR and also two directors of the company.


Views on minimum wages divided

JOHOR BARU: Manufacturers are divided on whether the Government should set minimum wages for workers in Malaysia. Some say the wage rate should be determined by market forces while others feel that it is timely for Malaysia to have such a scheme to transform the country into a high-income economy.


Sanichi upbeat on new oil & gas hub

SENAI: Sanichi Technology Bhd sees immense benefits from the new regional hub for oil and gas (OG) hub in south-east Johor's Teluk Ramunia and Pengerang.


Orders coming back but locals not keen to work in Johor factories

JOHOR BARU: Orders are coming back for manufacturers in Johor after almost a two-year hiatus, but a shortage of production workers is making it difficult for some of them to cope with the rising demand.


Sanichi private placement for bumis only

SENAI: The proposed private placement of 50 million new shares by precision mould fabricator Sanichi Technology Bhd is for approved bumiputra investors only, said group chairman and managing director Datuk Pang Chow Huat.


Bursa queries Kawan, Sanichi

KUALA LUMPUR: Kawan Food Bhd said it was unaware over the sharp increase in its share prices recently.


Sanichi invests in new plant

Sanichi Technology Bhd is investing RM6.52mil in its new manufacturing plant as the company is facing space constraints at its existing plant here.