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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.
THE US dollar came under renewed pressure yesterday on fresh reports that American forces were gearing up for imminent military action in Iraq, heightens the risk of holding the greenback and US dollar-backed assets.
Asset management company Valuecap Sdn Bhd was launched a week ago. Before one could say V-a-l-u-e-c-a-p, investors, and foreign funds came swooping in to the market to buy undervalued stocks. As the rush continued over the week, major corporate announcements were announced, turning a once sagging market into a bustle.
Doctors here have paid more than RM62mil in indemnity coverage to a British-based insurer, the Medical Protection Society (MPS), over the last 17 years. Medical Defence Malaysia (MDM) Bhd warned that the huge outflow of funds would continue if doctors did not opt for local insurers.
GLOMAC Bhd is definitely not resting on its laurels. After an almost sold-out launch for its Aman Suria Damansara project in Petaling Jaya, it is hot on the heels of securing more joint ventures with landowners to develop housing projects.