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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.
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.
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.
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.
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.
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.