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Optimistic mood in IT industry

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.


IBM wins US$5bil, 7-year contract from J.P. Morgan

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.


A promising year lies ahead

CEOS believe Malaysia will do well in 2003 despite uncertainties for the global economy.


Ranhill unit going for water projects in two states

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.


Finnish defence firm to set up base

Finland#8217;s largest defence company, Patria Oy, plans to set up its base in Malaysia this year, said its local agent.


Henry Butcher: Developers must try to avoid glut in Seberang Prai

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.


HK plans to raise taxes and trim civil service

Hong Kong Chief Executive Tung Chee-hwa announced yesterday plans to increase taxes, cut the size of the civil service and slash the pay of top officials in a bid to wipe out the territory#8217;s growing fiscal deficit.


Senawang investing RM60mil in new project

SENAWANG Land Sdn Bhd is investing an estimated RM60mil to develop their latest project #150; the Senawang Commercial Park (SCP) #150; in Seremban.


Modenas set to ride high with Karisma

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.


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.