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NATURAL and man-made catastrophes in 2002 caused economic losses estimated at US$40bil worldwide, of which the insurance industry was liable for around US$12bil, according to preliminary estimates derived from Swiss Reinsurance Company (Swiss Re) I>sigma/Ireport.
MAJOR manufacturers of mobile phones, handhelds, notebooks and printers are optimistic of the IT gadgets market growth but have mixed feelings about fierce competition from Chinese brands.
MALAYSIA Mining Corp Bhd (MMC) has made an offer to take its 74.9%-owned subsidiary MMC Engineering Group Bhd private in a deal valued at RM34mil. It is offering to pay RM4.30 for each MMC Engineering share it does not already own or to issue two new MMC shares for every MMC Engineering share.