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Apart from the large investments abroad that have made headline news such as the acquisition of Unilever group assets by IOI Corp Bhd and Wessex Water by YTL Power International Bhd, there were also many companies with smaller market capitalisation which crossed the border last year.
THERE is a need for emerging market economies to strike a balance between the need to maximise the benefits of the financial globalisation and to maintain financial stability for long-term sustainable growth, according to a Public Bank research paper published in the January issue of its I>Economic Review/I>.
STANDARD Chartered Bank announced the successful completion of a cross-border dual syndicated facilities for WCT Engineering Bhd worth US$27mil to be used for the construction and maintenance of the Bahrain International Formula One (F1) racing circuit.
PLUS Expressways Bhd has indeed come a long way. But one thing has remained certain through the wild swings of the economy, the rise and fall of its parent United Engineers (M) Bhd that led to its own indebtedness and change of control - it has always been a prized asset.
GOLD and crude oil prices spiked up again but the US dollar lost strength in Asia yesterday as fears of an impending war loomed after the United States hardened its resolve to launch a military attack against Iraq.
India's technology companies on Thursday warned that American policies that led to its attack Iraq might impact the global economy more than the war itself.
Flames lit up the nighttime desert sky from the direction of Iraq's petroleum center Basra, and U.S. and British forces entering southern Iraq saw oil wells on fire.