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Business

HSBC adds 2 third party unit trust funds

HSBC Bank Malaysia has added two third party unit trust funds to its current stable of 22 distributed funds from 10 unit trust management companies.

Business

Zeti: Banks more resilient now

BANK Negara wants to see more institutional development in local banks before the industry is deemed ready for the next phase of consolidation, governor Tan Sri Dr Zeti Akhtar Aziz said.

Business

Telekom expects cellular sector to be major growth area

TELEKOM Malaysia Bhd, which has been trying to grow its cellular business, sees revenue composition eventually being equally divided between its fixed line and cellular/multimedia/data segments.

Business

Oil palm estates to biotech farms vision

THE new generation of oil palm plantations will likely find better and greater value functioning as #147;biotech farms#148; by the turn of the new millennium, said IOI Corp Bhd group executive chairman Tan Sri Lee Shin Cheng.

Business

CPO to trend higher this week

Forecasting Price Trends: A weekly column by G.M. Teoh on Crude Palm Oil, Soyoil, Cocoa and Cash Tin.

Business

UAC makes steady rebound, on track to beat EPS forecast

UAC posted further sequential improvement in the latest quarter, thanks to rising sales at its core fibre cement division. Given significantly higher margins, this led UAC towards double-digit sequential profit growth in April-June 2003, notwithstanding declining revenue from polyethylene pipes and roof trusses.

Business

Pacific Mutual CEO: CI can hit 880 next year

THE KLSE Composite Index (CI) could gain more than 140 points over the next 6-12 months to hit 880, the head of an investment fund said yesterday.

Business

Takaful Ikhlas eyes a wider Muslim market

TAKAFUL Ikhlas Sdn Bhd, the latest Islamic insurance operator to open its doors for business, plans to introduce its products to a wider spectrum of the Muslim community.

Business

Tokyo stocks close higher Tuesday, US$ down against yen

Tokyo stocks advanced Tuesday, continuing their climb from a near 12-month high the previous day and on the heels of an overnight rally on Wall Street.

Business

Selecting appropriate bond funds

I>B>/I>/B>THE 1997 Asian financial crisis, the 2000 technology sector sell-down, Sept 11 terrorist attacks, followed by Bali bombing, and another Gulf War have quashed investors#039; confidence in equities time after time. Most have turned to bonds and time deposit as alternatives.