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Business 01 Jan 2003 | 12:00 AM

Global markets to be driven by geopolitics in short term

The first part yesterday of the roundtable discussions dwelt on the KLSE#8217;s lacklustre performance for 2002, and the factors contributing to its weakness. The concluding part talks about the market#8217;s probable outlook for this year, given the looming prospect of war in Iraq.

Business 08 Jan 2003 | 12:00 AM

TNB set to maintain net profit

TENAGA Nasional Bhd (TNB) is confident of maintaining net profit at above RM1bil in the current financial year ending Aug 31, 2003, says newly-appointed chairman Datuk Dr Awang Adek Hussin.

Business 11 Jan 2003 | 12:00 AM

Foreign business news in brief

Foreign business news in brief including Sharp to boost capex in 2003/04

Business 10 Feb 2003 | 12:00 AM

Merger to save Telekom RM1.55bil in expenditure

THE merger of Celcom (M) Bhd and Telekom Malaysia Bhd#039;s subsidiary TM Cellular Sdn Bhd is expected to lead to savings of RM1.55bil in operating and capital expenditure for this and next year.

Business 28 Feb 2003 | 12:00 AM

MAS expects RM800mil revenue boost for 2004

MALAYSIA Airlines (MAS) expects a RM800mil revenue boost for the financial year (FY) ended March 31, 2004, on expectations of a double-digit growth in regional passenger traffic, mainly from China, India and Singapore.

Business 10 Mar 2003 | 12:00 AM

Rebound likely for domestic investment

MALAYSIA is likely to witness a potential rebound in domestic investment by both the private and public sectors this year after experiencing declining capital investments following two economic downturns in the past 15 years.

Business 05 Apr 2003 | 12:00 AM

Shell out for more

MALAYSIA has the world#146;s 25th largest crude oil reserves and 14th largest gas reserves. Its oil reserves, like all things finite, are expected to diminish and run out in 17 years while gas reserves are expected to last another 34 years.

Business 16 Apr 2003 | 12:00 AM

Celcom first quarter profit up 127%

CELCOM (M) Bhd has reported a 127% jump in profit after tax to RM84.9mil for its first quarter ended March 31 from RM37.4mil in the corresponding period of last year.

Business 18 Apr 2003 | 12:00 AM

Merged Celcom sees big savings

Celcom (M) Bhd and TM Cellular Sdn Bhd, which legally completed their merger yesterday, announced an integration master plan that would see both companies move towards a single operating entity by October 2004 and save RM1.5bil in the process.

Business 29 Apr 2003 | 12:00 AM

Maxis ups capex to RM1.25bil

MAXIS Communications Bhd will spend an additional RM250mil this year to upgrade and integrate its mobile network infrastructure with that of TimeCel Sdn Bhd, which it acquired for RM1.47bil from Time dotCom Bhd.