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Foreign business news in brief

Foreign business news in brief: 'Report: Shell weighing £12bil bid for US firm', 'SK Corp to pump more cash into offshore units' and 'Samsung and Sony may form LCD venture'.

Foreign firms hail SC move

FOREIGN firms with Malaysian operations see the latest relaxation of rules by the Securities Commission (SC) to allow them to seek a direct listing on the KLSE as a welcome development, but many are not about to take up the offer just yet.

Fong: New entity to manage fund

A corporate organisation to manage the Skills Development Fund for needy students will be set up within six months, said Human Resources Minister Datuk Dr Fong Chan Onn.

Briefly

Infineon adds RM300mil investment

Infineon Technologies (M) Sdn Bhd, a semiconductor producer, has marked its 30th year in Malaysia ending this month with an investment of RM300mil.

Penang picked as Samsung City

Samsung Electronics Co Ltd has chosen Penang to be turned into a #147;Samsung City#148; where its products would be brought closer to customers here, said the group#039;s chief representative in Kuala Lumpur, Kim Jeong Wook.

HeiTech ties up with OpenTide

HEITECH Padu Bhd has tied up with OpenTide Asia Pte Ltd (OTA) to introduce and market the Total Hospital Information System (THIS).

Philips aims to break away from the pack

PHILIPS, the Dutch-based consumer electronics (CE) giant, is embarking on an ambitious strategy to stay ahead of the pack in the fiercely competitive world of consumer electronics.

Famemas Club provide cheers

DUE to space constraints, only those with daily passes are allowed into the Pyramid Mega Lanes. But thanks to the Samsung Famemas Supporters Club, the Malaysian bowling team are not short of vocal support.

China cellular firm launches products in India

Bird International, China's largest mobile phone maker, announced yesterday the launch of its products in India.