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Business 01 Jan 2003 | 12:00 AM

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.

Business 01 Jan 2003 | 12:00 AM

IJM plans to list plantation unit

IJM Corp Bhd expects to list its wholly-owned subsidiary IJM Plantations Bhd (IJMP) in three months, the timeframe usually taken by the courts to grant approval for a capital reduction exercise.

Business 01 Jan 2003 | 12:00 AM

S'pore may have avoided recession

SINGAPORE'S economy grew 2.2% in 2002 but may not fully recover until 2004, Prime Minister Goh Chok Tong said yesterday, suggesting the city-state might have escaped recession in the 4th quarter.

Business 02 Jan 2003 | 12:00 AM

A promising year lies ahead

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

Business 03 Jan 2003 | 12:00 AM

Average lending rates likely to decline, says SJ Securities

AVERAGE lending rates are expected to come off slightly, which is not surprising as focus of loans growth is retail driven, said SJ Securities research head Anthony Dass.

Business 03 Jan 2003 | 12:00 AM

Wooing China, Mid-East tourists

TODAY'S CEO OUTLOOK 2003 features two CEOs in the hotel sector and one in the information technology (IT) industry

Business 03 Jan 2003 | 12:00 AM

Takaso focuses on brand building this year

MUAR-BASED Takaso Resources Bhd is focusing this year on brand building for its baby products and condoms, and on enhancing its distribution network both locally and internationally.

Business 04 Jan 2003 | 12:00 AM

UOB stockbroking subsidiary buys rival company

SINGAPORE#8217;s largest stockbroking group, UOB-Kay Hian Holdings Ltd, is acquiring the brokerage business of one of its smaller rivals, J.M. Sassoon Co Pte Ltd, as the city-state#8217;s broking industry consolidates.

Business 04 Jan 2003 | 12:00 AM

Single-digit growth for consumer sector

THE consumer sector, especially the food and beverage (FB) sub-sector, is anticipated to show single-digit growth for 2003 in line with the projected gross domestic product (GDP) growth for the year even though the health and growth of the consumer sector is really dependent on a whole host of factors, ranging from world commodity prices to local consumer spending habits.

Business 04 Jan 2003 | 12:00 AM

Matsushita aims for 43% air-cond market share

MATSUSHITA Industrial Corp Sdn Bhd (Maico) is aiming for a 43% share of the market for domestic air-conditioners this year, despite expectations of greater mobility of air-conditioners in the region with full implementation of the Asean free trade area (Afta) regime.