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Banks in Malaysia are in for a challenging year. In its recent 2003 market Outlook Strategy report, RHB Research Institute maintains a neutral weighting on the sector and has forecast an anaemic 9 per cent growth in net banking profits for financial year 2003. The research house gives its outlook on the sector.
PUBLIC Bank Bhd and construction group IJM Corp Bhd have been declared joint winners of the first Malaysian Business Corporate Governance Award 2002.
A TOTAL of South Korean small- and medium-scale industries (SMIs), with a combined investment of RM125.4mil, are relocating in Lumut this year under a SMI relocation programme promoted and facilitated by Global Technology Industrial Park (GTIP) Sdn Bhd.
ALTHOUGH Fraser amp; Neave Holdings Bhd (Famp;N) is a household name as a producer of food and beverage (Famp;B), including fizzy drinks, investors who have been holding on to its shares from the time it was known as Malaya Glass Bhd are probably feeling a lot less effervescent.