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Global markets to be driven by geopolitics in short term
The first part yesterday of the roundtable discussions dwelt on the KLSE#8217;s lacklustre performance for 2002, and the factors contributing to its weakness. The concluding part talks about the market#8217;s probable outlook for this year, given the looming prospect of war in Iraq.
Minority shareholders block Henderson unit buyout
Shareholders of Henderson Investment Ltd yesterday rejected a US$704mil plan by parent Henderson Land Development Ltd to take it private, killing the deal in a rare victory for Hong Kong shareholder activists.
Titan committed to growth in Malaysia
TITAN Petrochemical Polymers Bhd is fully committed to the development of the Malaysian petrochemical industry.
Hotelier Ong wins control of NatSteel
Hotel magnate Ong Beng Seng won control of NatSteel Ltd yesterday, but only by a wafer-thin margin, ending an eight-month takeover battle for the cash-rich steel miller.
Carlsberg’s market lead valued
CARLSBERG Brewery Bhd is one of those companies with a rather generous policy in so far as bonus issues and dividend distribution are concerned.
Oei to keep NatSteel stake despite defeat
Indonesia-born tycoon Oei Hong Leong plans to stay on as NatSteel Ltd#8217;s largest shareholder, despite losing a bruising takeover battle to hotel magnate Ong Beng Seng for the cash-rich steel miller.
Consultant: Banks can still improve
BANKS and financial institutions in Malaysia are still lacking in the areas of operational risk management and customer service, the cornerstone that is needed for them to further improve the profitability of their business, according to professional services company Deloitte KassimChan.
M’sia strongly tipped for rating upgrade
MALAYSIA is a strong candidate for rating upgrades, and 2003 could be a year when the country regains its A rating, said JP Morgan head of Asia sovereign research, David G. Fernandez.
CMS Modular wins contract to supply roofing materials
CMS Modular Housing Sdn Bhd, a wholly-owned subsidiary of conglomerate Cahya Mata Sarawak Bhd (CMSB), has won a five-year exclusive contract to supply roofing materials to state-owned Daya Perumahan Sdn Bhd for the construction of low-cost houses in Sarawak.
PLB to launch houses, commercial properties
PLB Engineering Bhd is launching 615 units of residential and commercial properties with a total gross development value of RM120mil in Sungai Bakap and Penang island this year.
