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SITT Tatt Bhd, which is changing its core operation from industrial gas, is expected to make a smooth transition into the semiconductor business and reap the benefits from the expected strong rebound in the chip market in the 2nd quarter of this year.
B>Singapore:/BThe city-state#8217;s economic outlook, already darkened by the onset of war in Iraq and the impact of a deadly flu-like virus, took another blow yesterday when a key index of new factory orders pointed to shrinking manufacturing output ahead.
STOCK markets in Asia recouped some earlier losses to end the week off their lows, aided yesterday by bargain hunting amid rising hopes of an imminent end to the war in Iraq.
Sitt Tatt Bhd expects the three Singapore-based semiconductor-related companies it is acquiring to contribute about 70% of its profits for the financial year ending March 31, 2004, its chairman Tan Sri Abdul Aziz Ismail said.
Singapore's manufacturing sector expanded in June after three months of contraction, the latest survey of purchasing managers showed, suggesting the economy may be recovering as the impact of the deadly Severe Acute Respiratory Syndrome (SARS) outbreak fades.
News briefs on Tamco, Sitt Tatt, Bayan Bay, Winsome Jaya, Sunrise and Suremax.
Foreign business news in brief including from Hong Kong that 'Hopewell Highway raises HK$3b in IPO'.
All you need to know about paintball but was afraid to ask.
PAN Malaysian Industries Bhd (PMI) has offered to pay RM58.8mil cash for all the shares in subsidiary Metrojaya Bhd, with the view of taking the company private.
US stocks edged higher and bonds fell on Friday,in quiet trading ahead of the US Labor Day holiday weekend,on news of surprisingly strong growth in manufacturing in the Midwest.