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Business

Bird flu hurting Nando’s, poultry sales

CONCERNS over the spread of the bird flu in the region are beginning to bite as some restaurants serving chicken on their menu and poultry suppliers are experiencing a drop in sales.

Business

Analysts still bullish on Scomi despite negative news

ANALYSTS remain upbeat about Scomi Group Bhd's shares, which have turned in a stellar performance since their listing in May last year, despite allegations that components made by a company subsidiary may have been used to produce centrifuges for the production of nuclear weapons in Libya.

Business

Wal-Mart on PR campaign to repair image

Wal-Mart Stores Inc is tired of critics who say it is a behemoth bent on destroying small-town America, driving down wages and shipping jobs to foreign sweat shops.

Business

Thalgo set to double sales

Thalgo Cosmetic (SEA) Sdn Bhd is confident of meeting its turnover target for the year. It has a slew of new products lined up that it expects would contribute substantially to revenue, corporate and legal affairs director Tan Wei Ming said.

Business

Comments from some of the major poultry producers

Comments on the bird flu crisis from some of the major poultry producers in Malaysia, including: Khoo Chee Kong, executive director CAB Cakaran Corp

Business

Local poultry industry sees continued growth

b>Impact of the bird flu crisis:/bWhile most Asian poultry farming companies have been severely hit by the avian influenza (AI) outbreak, the chicken industry in Malaysia is still registering positive returns - local chickens being AI-free, and chicken products safe to eat.

Business

PeopleSoft's fourth-quarter profit down

Business software maker PeopleSoft Inc.'s fourth-quarter profit plunged 70 percent, largely because of costs associated with its recent acquisition of J.D. Edwards Co. - a deal that management says is exceeding expectations and helping to thwart a hostile takeover bid by rival Oracle Corp.

Business

Public Mutual opens finance planning centre

PUBLIC Mutual Bhd yesterday opened its first financial planning (FP) centre in Bangsar, Kuala Lumpur, becoming the first private unit trust company to open such a centre.

Business

Kraft to cut 6,000 jobs, close 29 plants

Kraft Foods Inc said it will eliminate 6,000 jobs, or 6% of its workforce, and close 20 plants worldwide over the next three years. The restructuring follows more than a year of disappointing sales and earnings for the biggest US food company.

Business

My Pharmacy plans 50 shops

JOHOR-BASED My Pharmacy Services Sdn Bhd aims to have 50 outlets nationwide within the next five years. Managing director Fung Lee Jean said this target would be made possible under the company's franchising programme for which it had recently received approval from the Entrepreneur Development Ministry.