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KOMAG Inc will invest US$20mil to upgrade and concentrate all its manufacturing activities in Penang and Sarawak, its chief executive officer Datuk T.H. Tan said.
MALAYSIA achieved a trade surplus of RM6.3bil in January, 38.5% higher than the RM4.5bil surplus recorded in December last year. The January surplus was the largest recorded by the country since March 2000, according to the Ministry of International Trade and Industry (Miti).
THE effects of the war in Iraq have started to be felt in the Malaysian economy with some sectors, such as shipping, beginning to encounter higher costs resulting from war risk premiums of as much as RM150 per container, according to International Trade and Industry Minister Datuk Seri Rafidah Aziz.
MALAYSIA recorded a lower trade surplus of RM4.9bil in February 2003 compared with RM6.3bil in the previous month, the country's sixty-fourth consecutive month of trade surplus since November 1997.