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Smooth shift to chips augurs well for Sitt Tatt

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.


Singapore economic outlook turns gloomier

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.


Regional stock markets end week off their lows

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 gets semiconductor as new core business

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.


Data show Singapore economy on the mend

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 in brief

News briefs on Tamco, Sitt Tatt, Bayan Bay, Winsome Jaya, Sunrise and Suremax.


Foreign business news in brief

Foreign business news in brief including from Hong Kong that 'Hopewell Highway raises HK$3b in IPO'.


PMI offers to buy rest of Metrojaya for RM59mil

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 up for third week

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.


MUI moves to cut RM3.5b debts

DIVERSIFIED and asset-rich Malayan United Industries Bhd (MUI) has announced a bold plan to reduce its debts, which stood at RM3.5bil at the end of 2002.