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OUR CEO OUTLOOK 2003 today features the Malaysia-based CEOs of three of the largest IT corporations #8211; Datuk Wong Siew Hai of Intel Corp, Khatijah Shah of SAP, and T.F. CHONG of Hewlett-Packard (HP). The three CEOs are looking forward to 2003 as they expect a pickup in the world economy will boost spending on IT.
New York bank J.P. Morgan Chase and Co has signed a seven-year contract for information technology services with IBM Corp worth more than US$5bil as it moves to cut costs, mirroring similar moves by other banks.
JOHOR-BASED SAJ Holdings Sdn Bhd, a subsidiary of Ranhill Utilities Bhd, hopes to clinch water management projects in two other states in peninsular Malaysia this year.
DEVELOPERS should be more cautious in building commercial lots in Seberang Prai to avoid a property glut because poor business sentiments are seen continuing this year.
SENAWANG Land Sdn Bhd is investing an estimated RM60mil to develop their latest project #150; the Senawang Commercial Park (SCP) #150; in Seremban.
NATIONAL motorcycle maker Moto-sikal dan Enjin Nasional Sdn Bhd (Modenas) expects to increase its share of the local motorcycle market from 40% to 45% this year, thanks to a surge of interest in the first national 125cc scooter I>Karisma,/Iwhich was launched in Kuala Lumpur yesterday.