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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.
Mohd Azlan re-appointed KLSE chairman
DATUK Mohd Azlan Hashim has been re-appointed executive chairman of the KLSE committee, and Datuk Mohaiyani Shamsuddin deputy chairman.
Unit trust sector positive on growth
EVEN though 2003 will be a challenging year for the unit trust industry in view of the global economic slowdown and depressed investment environment, many unit trust management companies are still optimistic that the industry will continue to grow this year.
Insurance mergers gaining pace
THE ongoing consolidation in the insurance industry, despite some minor hiccups initially, has been quite successful, and is seen forming the foundation for further mergers.
2003 uptrend for Islamic bonds
AS the equity markets continue to take a beating in the uncertain global geopolitical climate, economists are more bullish on the growth prospects of the bond markets, particularly Islamic private debt securities (PDS), this year.
Celebrating Double D-day
CHECKED out the #8220;Ultimate Red Devil#8221; yet? This is NOT about Eric Cantona#8217;s silverscreen ambition, George Best#8217;s bedroom frolics or a new Beckham guide to hair styles. What we are referring to is a crimefighter dressed in red spandex bearing the #8220;Double D#8221; insignia and looking set to dominate cinemas next month.
Arrow from nowhere
THE recent Top 10 bestsellers from Diamond distributors reveals the likes of I>Masters of the Universe, Daredevil The Target, Ultimates, New X-Men, Amazing Spider-Man, Batman/I>, two issues of I>Ultimate Spidey /I>(wow!) and two issues of I>Ultimate X-Men /I>(double wow!) occupying the top spots on the checklist.
Banking on new growth avenues
WHILE banks may not be tempted to initiate another round of huge bank merger exercises just yet, there seems to be a trend in the industry for banks to look at other avenues or means to position themselves as tomorrow#146;s winners.
Malaysia M&A - one step back, two steps forward
Foreign acquisitions fell in 2002, but this was more than offset by growth in deals done by Malaysian acquirers. The bright spot? Malaysian corporates are venturing abroad again.
Mesdaq sets goal to list 50
MALAYSIAN Exchange of Securities Dealing and Automated Quotation (Mesdaq) is targeting 50 listings by the end of this year.