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Business

EPF plans to invest RM130mil in IT to improve service

THE Employees Provident Fund (EPF) plans to invest about RM130mil in information technology (IT) over the next three years to provide better service to its 10.3 million members and 340,000 contributing employers, said deputy chief executive officer II Rusma Ibrahim.

Business

Union activists hold Cockerill Sambre management captive

Trade union activists held six top managers at Cockerill Sambre SA captive on Monday to protest a decision by its parent company Arcelor to freeze investment at the steel plant, a move which threatens over 2,000 jobs.

Business

India's tech firms warn of possible economic fallout from Iraq war

India's technology companies on Thursday warned that American policies that led to its attack Iraq might impact the global economy more than the war itself.

Business

Judgment entered in suit of Aussie mining firm

An Australian mining company has won a $157 million judgment from an international engineering firm it hired to study the potential value of a U.S.-based copper mine.

Business

KPMG Tech sees big growth in portal base

KPMG Technology (KPMG Tech) Sdn Bhd, an MSC-status company which plans to focus on research and development in technology-based solutions and portal applications, has seen more than 100% growth in subscribers to its training and development portal I>www.Click2HR.com/Iin just a year, according to chief operating officer Woon Tai Hai.

Business

News in brief

Business

Inovas launches USB phones

INOVAS Telecommunications Sdn Bhd has launched a USB phone that enables voice calls to other Inovas USB phones, fixed lines and mobile phones via dialup, wired or wireless Internet access.

Business

AMMB proposes to take finance arm private

AMMB Holdings Bhd yesterday announced it was undertaking a restructuring exercise that would see the privatisation of its finance company AMFB Holdings Bhd and is proposing to list its investment banking group.

Business

Survey: Mainland Chinese buying more policies

Chinese consumers are looking to purchase more insurance policies to protect their families, prepare for retirement or cover possible medical expenses, according to a survey by Credit Suisse First Boston (CSFB).

Business

Battle lines drawn at MPlant

THE game is not over yet for Tan Sri Lim Yan Hai and Tan Sri Amin Shah Omar Shah, the chairman and non-executive director respectively of Malaysian Plantations Bhd (MPlant) whom three substantial shareholders are trying to oust in a fierce boardroom tussle.