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The Penang electronics and electrical (EE) industry, optimistic of a positive turnaround in the 2nd half of 2003, is poised to tap market opportunities arising from the rebound.
PREMIUM Nutrients Bhd, which is into specialty fats manufacturing, will intensify its operations in India and at the same time expand the range of its products to meet the rising demand for the company#039;s products locally and abroad.
TEXCHEM Resources Bhd will spend RM5mil to upgrade its packaging manufacturing facility in Wuxi, China, this year.
THE darkest period may be over but there are still no clear signs of recovery in the local semiconductor industry. Nonetheless, the industry is generally hopeful of a recovery in the second half of this year.
New share issues from Asia-Pacific outside of Japan fell nearly 29% in the first half of 2003, but they are expected to gather pace in the second half as investor fears over SARS (Severe Acute Respiratory Syndrome) fade and travel restrictions on investment bankers are lifted.
Foreign insurance news in brief including from Singapore that Standard Poor's Ratings Services has assigned I>BBB+/Ilocal currency counter-party credit and insurer financial strength ratings to Thai Life Insurance Co Ltd, with a stable outlook.
News in brief highlights on South Korea June trade surplus jumps.
MORE no-frills airlines may take off in Asia to meet increasing consumer demand following the success story of Malaysia's budget carrier I>AirAsia/I>, industry experts say.
KULIM (M) Bhd plans to expand production capacity at its newly-set up subsidiary, Natural Soaps Sdn Bhd, by making translucent soap noodles and finished soap bars.
RAMATEX Bhd will allocate US$10mil to acquire a few medium-sized garment manufacturers in Cambodia, Indonesia and an African country, which it hopes to absorb into the group by the end of the year, according to executive director Albert Lim Poh Boon.