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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.
Smaller companies head to Asia for investments
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.
Delta out to double its haulage
DELTA Haulage Transport (M) Sdn Bhd is hopeful of doubling its transport of unladen containers boxes from 700 monthly currently to 1,500 next year.
Hempel investing RM22mil in marine coating plant
DANISH paint maker Hempel group, through its local arm Hempel Coatings (M) Sdn Bhd, is investing RM22.4mil in a new marine coating plant in Kluang, Johor.
Silver lining for Asian carriers
THE global airline industry looks like heading into troubled skies this year with a US-Iraq war being unavoidable at this juncture, but regional airlines should do fairly well, with intra-Asian travel picking up momentum.
MoU to buy six A380s signed
PENERBANGAN Malaysia Bhd (PMB) signed a memorandum of understanding (MoU) yesterday with Airbus to buy six A380-800 passenger aircraft, which can cost up to US$1.5bil.
Elite seen returning to profit in current year
UNITED Engineers (M) Bhd (UEM) expects its wholly-owned subsidiary Expressway Lingkaran Tengah Sdn Bhd (Elite) to return to profitability in the current financial year ending Dec 31, UEM managing director Abdul Wahid Omar said.
Malaysia now South-East Asia's largest Internet centre
THE number of Internet users in Malaysia jumped 35% last year to 5.7 million, making it South-East Asia#8217;s largest Internet centre.
Siemens aims for more UMTS deals
SIEMENS AG aims to secure more universal mobile telecommunications systems (UMTS) network contracts from telecommunications firms in the Asia-Pacific region.
