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The first part yesterday of the roundtable discussions dwelt on the KLSE#8217;s lacklustre performance for 2002, and the factors contributing to its weakness. The concluding part talks about the market#8217;s probable outlook for this year, given the looming prospect of war in Iraq.
Apart from the large investments abroad that have made headline news such as the acquisition of Unilever group assets by IOI Corp Bhd and Wessex Water by YTL Power International Bhd, there were also many companies with smaller market capitalisation which crossed the border last year.
Top producer Saudi Arabia and other members of the Organisation of Petroleum Exporting Countries (Opec) are reportedly set to increase oil output by up to two million barrels per day (bpd) to cool blistering prices that are threatening the world economy.
MALAYAN Banking Bhd (Maybank) has sealed an agreement with the Employees Provident Fund (EPF) for the bank#039;s customers, whether individuals or companies, to make their EPF contributions through its Internet banking websites, Maybank2u.com and Maybank2e.net.