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Business 03 Jan 2003 | 12:00 AM

KLSE gets off to a rocky start

THE KLSE got off to a rocky start in the first trading day of the year as window-dressing activities that had lent support to the market in recent weeks apparently disappeared. The Composite Index (CI ) skidded nearly 14 points or 2.15% to 632.4 yesterday, as investors sold down their holdings, on heightened fears of war between the US and Iraq.

Business 04 Jan 2003 | 12:00 AM

Chapter on Clob to close with little impact

THE Central Limit Order Book, known fondly or otherwise as Clob, will soon be put to rest.

Business 08 Jan 2003 | 12:00 AM

Focus switches to MAs

NOW that corporate debt restructuring exercises are largely over, the market focus this year will likely be on corporate mergers and acquisitions, where companies with strong balance sheets continue to look at overseas assets.

Business 11 Jan 2003 | 12:00 AM

Urgent remedy for Actacorp

The recent restructuring scheme is expected to bear fruit as the new company would have a steady flow of income from PSC Asset Holdings' 21-storey, Menara PSCI in Penang.

Business 11 Jan 2003 | 12:00 AM

Upside potential seen for component stocks

THE formation of an investment holding company with resources of up to RM10 billion invest in listed securities on the Kuala Lumpur Stock Exchange (KLSE) could well provide a fillip to the market next week.

Business 13 Jan 2003 | 12:00 AM

NEC Australia to supply Telekom with boadband

NEC Corp of Japan said NEC Australia Pty Ltd had won a RM16mil contract to supply Telekom Malaysia Bhd with broadband xDSL platform through Pernec Corp Bhd, NEC's joint-venture company.

Business 14 Jan 2003 | 12:00 AM

Valuecap news sparks off KL market rally

A RALLY sparked off by news that Valuecap Sdn Bhd, with RM10bil for local equity investment, had started operations last Friday lifted the KLSE Composite Index (CI) by more than 2% yesterday.

Business 15 Jan 2003 | 12:00 AM

Telekom likely to maintain capital expenditure

TELEKOM Malaysia Bhd expects to spend RM2bil on capital expenditure this year, about the same as last year, its deputy chief executive Datuk Dr Abdul Rahim Daud said.

Business 17 Jan 2003 | 12:00 AM

NasionCom growing its revenue

NASIONCOM Sdn Bhd aims to generate revenue of at least RM55mil this year for its VoIP (Voice over Internet Protocol) and broadband Internet services, said executive vice-chairman Datuk Chee Kok Wing.

Business 23 Jan 2003 | 12:00 AM

Deutsche Telekom seen selling stake in Celcom soon

DEUTSCHE Telekom AG will sell its 8% stake in mobile operator Celcom (Malaysia) Bhd by March, according to a Celcom source.