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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.
PASSENGER traffic at the KL International Airport (KLIA) grew by an encouraging 12.3% to 16.325 million last year, making it the fastest growing airport in the region, said its operator, Malaysia Airports Holdings Bhd (MAHB). The growth was achieved despite the slowdown in air travel after the Sept 11, 2001, terror attacks in the United States.
#8220;Mecca-Cola#8221; inventor Tawfik Mathlouthi is bringing his popular product to the Middle East, confident that in troubled times a politicised soft drink will sell in the heart of the Islamic world.
It was expected. Year 2002 was indeed a record-breaking year for the automobile industry. Vehicle sales grew 9.7 per cent to 434,954 units. This year too in terms of volume, most expect sales (in units) to reach an all-time high (with one or two contrarian points of view), with an estimated growth of 3.5 per cent to 4 per cent.
THE effects of the war in Iraq have started to be felt in the Malaysian economy with some sectors, such as shipping, beginning to encounter higher costs resulting from war risk premiums of as much as RM150 per container, according to International Trade and Industry Minister Datuk Seri Rafidah Aziz.
THE Bakun Hydroelectric dam project would be selling more than a third of its 2,400-MW power generating capacity to the massive US$2bil aluminium smelting plant near Bintulu, under the terms of a memorandum of understanding (MoU) signed yesterday. Second Finance Minister Datuk Jamaludin Jarjis witnessed the signing.