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LOCAL shipbuilding and construction firm, Penang Shipbuilding and Construction-Naval Dockyard Sdn Bhd (PSC-ND) plans to build more naval vessels in the near future.
THE Cabinet reshuffle announced by Prime Minister Datuk Seri Abdullah Ahmad Badawi gave the stock market a strong boost yesterday, lifting the KLSE Composite Index by more than 18 points to above 800.
SHARES of CIMB Bhd have risen 21% over the past four trading days after Datuk Seri Najib Tun Razak, the elder brother of CIMB chief executive Datuk Nazir Razak, was appointed Deputy Prime Minister, but analysts say investment funds are snapping up the stock for another reason.
MALAYSIA'S gross domestic product will grow by between 5.5% and 6% this year on the back of expected higher exports, stronger domestic demand, a return of investor confidence, and improving consumer confidence, said Deputy Prime Minister Datuk Seri Najib Tun Razak.
THE Federation of Malaysian Manufacturers (FMM) has projected 7.2% growth for the manufacturing sector in 2004 compared with 5% last year, in tandem with the country's economic expansion, FMM president Datuk Mustafa Mansur said.