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SJM plans US$654mil IPO

Macau tycoon Stanley Ho's casino flagship Sociedade de Jogos de Macau (SJM) Holdings Ltd kicked off marketing yesterday for a scaled-back Hong Kong IPO to raise up to US$654mil, cashing in on a gaming boom in the former Portuguese colony.

Briefly

China producers sing Pearl River Delta blues

Factories in the Pearl River Delta, the heart of China's export engine, are considering closing shop and relocating in pursuit of cheaper labour and lower running costs.

News in brief

China operations to boost future earnings of Salcon

WATER treatment and sewerage expert Salcon Bhd is confident that its operations abroad, especially in China, would contribute significantly to the company's earnings in the near future.

Analysts take cautious stance on Taiwan economy

HIGH energy and food prices globally have resulted in a more cautious outlook for Taiwan's economic growth this year, said economists.

Modest upside expectation for ringgit

RINGGIT reached RM3.131 per US dollar on April 23, the highest since it was de-pegged from the greenback in July 2005, and since Oct 14, 1997.

Viztel chief sets a record of sorts

Starting a company and having it listed on Bursa Malaysia's Mesdaq is quite an achievement for many local entrepreneurs.

Waiting for the next property boom

When is the next property boom? Is it anywhere in sight or just round the corner? By S.C. CHEAH.

Maybank seeks China resident bank licence

Malayan Banking Bhd (Maybank), which sees bilateral trade between Malaysia and China continuing to grow, hopes to be awarded a resident bank licence in China within five years.