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AseanPlus News

Pakistan mourns air force chief, top aides

B>ISLAMABAD:/BFlags flew at half mast across Pakistan yesterday as the nation observed a day of mourning for its air force chief and 16 people killed in the worst air tragedy since military ruler General Zia ul Haq died in a plane crash in 1988.


Abdullah announces 10 steps to make companies more attractive

The Government announced 10 measures, including new guidelines for the listing of large companies, aimed at further enhancing the Malaysian capital market.


Nexnews gets SC approval to acquire Edge and Sun

NEXNEWS Bhd has received the Securities Commission (SC) app- roval for its proposed acquisition of a 70% interest in The Edge Communications Sdn Bhd and 100% in Sun Media Corporation Bhd. The target companies are publishers of the business weekly I>The Edge/Iand English daily I>theSun/I>, respectively.

Other Sport

Three nations agree to put off tourneys

As expected, the organisers of three Opens on the South-East Asian leg of the international badminton circuit have unanimously agreed to postpone their championships because of the SARS (Severe Acute Respiratory Syndrome) threat.


APP lines up products for export

APP Industries Bhd, scheduled to list on the KLSE second board in August, plans to introduce in the fourth quarter a new range of lawn and garden ornamental sandstone products for the export market.


APP expects to raise RM4.5mil from listing

CERAMIC pottery and porcelain ware maker APP Industries Bhd, which is en route to a KLSE second board listing, expects to raise RM4.5mil from its share flotation.


Public portion of APP offer 8.6 times oversubscribed

APP Industries Bhd#039;s initial public offering (IPO) shares for public subscription have been oversubscribed 8.62 times, Malaysian Issuing House Sdn Bhd (MIH) said in a statement.


22 sen premium for APP

DECORATIVE ceramics maker APP Industries Bhd made a fairly strong debut on the KLSE second board yesterday, with its shares opening at 82 sen for a 37% premium to their initial public offer (IPO) price of 60 sen.


Foreign business news in brief

Foreign business news in brief: 'Ibra to meet APP creditors', 'PBL net profit jumps to A$380mil', 'Air NZ posts first profit in 4 years', and 'PAL flies into red in June quarter'.


News in brief

News in brief on Petra Perdana, APP Industries and Consolidated Farms.