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DEVELOPING a hobby into a lucrative business and having that company listed on the second board of the KLSE is a feat. What's interesting is that the venture involved ornamental fish breeding, unlike the more popular technology or manufacturing-related businesses of companies seeking listing on the KLSE.
The International Trade and Industry Ministry has approved the setting up of a magnesium smelting plant at the Kamunting Industrial Estate here with a total investment of about RM600mil.
NTPM Holdings Bhd (NTHB), which is principally involved in the manufacture and trading of tissue paper, toilet rolls and paper-related products, and trade in cotton products, has signed an underwriting agreement for a public offer in conjunction with its proposed listing on the KLSE main board.
CHEAPER labour has forced 10 foreign manufacturers to relocate to other countries such as China, Mexico, Thailand and Sri Lanka in the last two years.