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Business leaders heap praises on Mahathir

A sampling of views from the captains of industry.

News in brief

News briefs on Southern Bank, CAHB and other firms.

UEM World listing ushers in new era

The United Engineers (M) Bhd (UEM) group will enter a new phase in its corporate development on Friday with the listing of its flagship company, UEM World Bhd, on the KLSE main board.

Challenge to revamp UEM

ALTHOUGH many had said the restructuring of the UEM Group was an insurmountable task, Datuk Abdul Wahid Omar took on the challenge for he felt very honoured to be chosen for the job.

CI slips back below 800 points

The KLSE Composite Index (CI) slipped back below the psychologically important 800-point level yesterday on sustained profit-taking in the market in tandem with the sharp pull-back in other major Asian bourses.

Strong response to UEM World

THE UEM Group made a strong return to the KLSE yesterday, with its flagship - UEM World Bhd - traded at a 66-sen or 41% premium over its swap price of RM1.60 minutes after it was quoted.

Khazanah warrants oversubscribed

KHAZANAH Nasional Bhd#039;s offer of covered warrants (CW), under which 4.85 million retail offering CW Packages were made available for applications by the Malaysian public, companies, cooperatives, societies and institutions, has been oversubscribed.

UEM Group rediscovers its touch

WHEN one talks about brands, names such as I>Lux/I>, I>Colgate/I>, I>St Michaels/I>, I>Maxis/I>, and even I>National/Icome to mind. Very rarely would someone think of UEM or Renong as a brand.

CI likely to end year above 800

THE KLSE Composite Index (CI) put on seven points or nearly 1% to close at 798 Tuesday. And most analysts are confident the CI will end the year above the 800 resistance level.

Khazanah call warrants listing on KLSE tomorrow

NATIONAL investment agency Khazanah Nasional Bhd's 509.25 million call warrants will list on the KLSE tomorrow, according to a KLSE statement.