Asia Africa Intelligence Wire articles from October 2002

Asia Africa Intelligence Wire archives from October 2002

EXPORTS UP 17.7% (at $4,041.43 million).
October 31, 2002... (From India Business Insight) India exported 17.74 percent more in Jul 2002 as compared with Jul 2001 with exports amounting to $4,041.43 million ($3,432.64 million). Exports for Apr-Jul 2002 sized up to $15,865.31 million ($13,775...

CORE SECTOR GROWS 9.3% (cement and crude petroleum lead the way).
October 31, 2002... (From India Business Insight) India registered a growth of 9.3 percent in infrastructure in Jul 2002 as against a mere 0.8 percent in Jul 2001. Cement and crude petroleum, which had booked negative growths in Jul 2001, were able to grow...

ACHIEVING 8% GROWTH A TOUGH TASK (with manufacturing help, it may).
October 31, 2002... (From India Business Insight) The Government of India wants the economy to grow by eight percent during Tenth Five Year Plan, which is a tough task. In Apr 2001-Mar 2002, the growth was less than six percent. For this, the poor...

TRUCK, BUS TYRE PRODUCTION UP (four-month average production falls).
October 31, 2002... (From India Business Insight) The figures provided by Automotive Tyre Manufacturers Association for Jun 2002 reveal that truck and bus tyre production rose from 7.61 lakh in May 2002 and 7.81 lakh in Jun 2001 to 7.98 lakh in Jun 2002. The...

RUBBER PARK READY FOR TAKE-OFF (it is a joint venture of Government of India and Government of Kerala).
October 31, 2002... (From India Business Insight) The Government of India (through Rubber Board) and Government of Kerala (through Kinfra) have set up a joint venture autonomous body, Rubber Park in Kerala (at Irapuram near Perumbavoor in Ernakulam...

CAPEXIL PLANS CENTRE IN US (to promote brands).
October 31, 2002... (From India Business Insight) Chemicals and Allied Products Export Promotion Council (Capexil) will spend Rs9 crore over three years in putting up a call centre in US with a view to promoting product brands of its members. The running...

CAPEXIL SETS UP NORTH-EAST CHAPTER (at Guwahati).
October 31, 2002... (From India Business Insight) Chemicals and Allied Products Export Promotion Council (Capexil) has opened a North-East Chapter at Guwahati to promote legal exports and curb illegal exports from the region by liasing with the proper...

GOVERNMENT TO DIVEST ENTIRE STAKE IN TCIL (BIFR fails to come out with a revival package).
October 31, 2002... (From India Business Insight) Tyre Corporation of India Ltd, wholly owned by the Government of India, was referred to Board for Industrial and Financial Reconstruction. The Board had appointed Allahabad Bank as the operating agency for...

VIKRANT SEEKS NOD FOR MERGER (the Stock Exchange, Mumbai informed).
October 31, 2002... (From India Business Insight) Vikrant Tyres Ltd, subsidiary of JK Industries Ltd, has informed Bombay Stock Exchange that it has sought the approval of its Board of Directors for appointing advisers and financial consultants for...

CROMPTON IN JOINT VENTURE (for making organosilanes in China).
October 31, 2002... (From India Business Insight) Crompton Corporation of India and Nanjing Shuguang General Company of China have formed a joint venture named Nanjing Crompton Shuguang Organosilicon Specialties Company Ltd to produce organosilanes in China...

APOLLO IN MARKETING TALKS (it has a 3,000-strong dealership network).
October 31, 2002... (From India Business Insight) Apollo Tyres is one of India's leading tyre manufacturers with a 28-percent share in the commercial tyre market. It has a network of 3,000 dealerships in the country. Apollo is in talks with Tata...

METRO TO TAP OVERSEAS MARKET (for two-wheeler tyres to be produced).
October 31, 2002... (From India Business Insight) Metro Tyres has been exporting cycle tyres under Continental AG brand, it having a technical understanding with Continental. Its exports in Apr 2001-Mar 2002 sized up to Rs35 crore. Metro is now...

APOLLO MAY HAVE TO BEAR MRL's LIABILITY (amounting to Rs340 crore).
October 31, 2002... (From India Business Insight) Apollo Tyres is carrying out a due diligence process of Modi Rubber plant at Modipuram. Modi Rubber has tyre assets worth Rs195 crore and liabilities worth Rs340 crore. If Apollo buys the Modi...

INDUSTRIAL OUTPUT ON THE RISE (Indian industrial output up by 6.4% in Jul 2002).
October 31, 2002... (From India Business Insight) The industrial output of India has grown by 6.4 percent during Jul 2002 (2.6 percent in Jul 2001). The manufacturing sector grew by 5.7 percent (2.9 percent), mining sector by 12.5 percent (fall of 2.6...

POWER DISRUPTIONS (Feedback Consulting conducted study in Aug and Sep 2002 covering 325 Indian firms across six locations).
October 31, 2002... (From India Business Insight) Feedback Consulting has revealed in a study that India Inc is likely to lose Rs20,000 crore (Rs200 billion) every year because of inferior power quality and operating environment related downtime. The...

PC SALES ON THE RISE (PC sales during Apr-Jun 2002 rose by 5% to 5,32,000 units).
October 31, 2002... (From India Business Insight) The sale of personal computers (PCs) in India is likely to grow by 6.2 percent during 2002-2003, according to a market research study by IDC. This growth is expected to rise to 22.4 percent during 2003-2004....

COFFEE RETAILING: THE CAF WAY (Qwiky's, Caf Coffee Days and Baristas give new dimension to retailing coffee).
October 31, 2002... (From India Business Insight) New coffee shops like Qwiky's, Caf Coffee Days and Baristas have given a new dimension to retailing coffee in India. They serve several varieties of coffee in an atmosphere most conducive for their...

CUSTOMER SERVICES: A PARADIGM SHIFT (IDBI Bank offers lowest EMI per lakh at Rs996 for a Rs1,00,000 loan for 20 years).
October 31, 2002... (From India Business Insight) IDBI Bank is in the home loan business since Mar 2002. The bank offers the lowest EMI per lakh at Rs996 for a Rs1,00,000 loan for 20 years. It offers loans to customers to buy plots of land. Service is...

REAL ESTATE: REACHING NEW HEIGHTS (Indian real estate industry to witness steady growth and consolidation in 2002).
October 31, 2002... (From India Business Insight) The Indian real estate industry has faced steady growth and consolidation during 2002. The real estate market has several positive factors like low property prices that encourage people to buy properties....

LEADING BY EXAMPLE (Dewan Housing Finance was first to grant loans to working women for buying and renovating homes).
October 31, 2002... (From India Business Insight) Dewan Housing Finance Corporation Ltd (DHFL) has implemented new application software that connects its entire branch network online, thus reducing the time taken to respond to customers. The system...

HLL: SOURCING-THE LATEST GROWTH LEVER (plans to become a global sourcing partner to Unilever for home, personal care and tea divisions).
October 31, 2002... (From India Business Insight) Hindustan Lever Ltd (HLL) has branched into sourcing, its new business venture. This mode accounts for 50 percent of its total exports or Rs1,500 crore. It plans to become a global sourcing partner to...

UNION BANK OF INDIA: A NEW DAWN (bank records Rs61,177 crore business and a deposit base of Rs39,974 crore as on 31 mar 2002).
October 31, 2002... (From India Business Insight) The Union Bank of India (UBI) is the latest to go in for an initial public offer (IPO). The bank has a business of Rs61,177 crore, a deposit base of Rs39,974 crore and advances of Rs21,383 crore as on 31 Mar...

DEAL CORNER (102 mergers and acquisitions (M and A) during Aug 2002, the value of which amounts to Rs2,104 crore).
October 31, 2002... (From India Business Insight) There were 102 mergers and acquisitions (M and As) during Aug 2002, the value of which is Rs2,104 crore. This is 17 percent less than the M and As during Jul 2002. The multinational deals account for 75...

The View from Taft.
October 31, 2002... (From BusinessWorld (Philippines)) Byline: Mercedes B. Suleik The first impression you get as you enter St. Peter's Square, awestruck as you are with Michaelangelo's mighty silver-blue dome of the Basilica, is that the Colonnade,...

SPECIAL FEATURE: Credit Cards.
October 31, 2002... (From BusinessWorld (Philippines)) Citibank cardholders can now avail of tuition assistance any time of the year with the enhanced Back-to-School offer from Citibank PayLite Installment Plan. Whether enrolling for the 2nd semester...

SPECIAL FEATURE: Credit Cards.
October 31, 2002... (From BusinessWorld (Philippines)) Byline: Jude P. Morte Last week ,there have been reports in several newspapers of customers complaining about certain practices of credit card companies, ranging from huge additional charges to rude...

WEEKENDER.
October 31, 2002... (From BusinessWorld (Philippines)) Byline: Leotes Marie T. Lugo Having a loved one or someone you know die is one of the most stressful, sometimes even traumatic experiences in life. Psychologists, spiritual advisers and those...

Upshot.
October 31, 2002... (From BusinessWorld (Philippines)) Byline: Bernardo V. Lopez When Juan Flavier was Health Secretary, Republic Act (RA) 8172 was passed mandating the sale of iodized salt to prevent iodine deficiency among the Filipinos. This, in...

WEEKENDER.
October 31, 2002... (From BusinessWorld (Philippines)) Byline: Bernardette S. Sto. Domingo The irony of running a funeral home or cemetery business is that the company never really deals with deaths - in the financial sense, that is. Like any...

WEEKENDER.
October 31, 2002... (From BusinessWorld (Philippines)) Byline: Leotes Marie T. Lugo Tolerance and understanding of differences between cultures and religion is one of the most effective ways to lessen, if not end, Muslim- Christian conflict. Dr....

WEEKENDER.
October 31, 2002... (From BusinessWorld (Philippines)) Byline: Cecille S. Visto PARIS, France - When Tourism Secretary Richard Gordon went to Paris to promote his Wow Philippines! program, his audience was made up mostly of Filipino domestic helpers....

WEEKENDER: TRAVEL & TOURISM.
October 31, 2002... (From BusinessWorld (Philippines)) Byline: E. P. Patanne Considering the location of the Manila international airport, we are reminded of Hong Kong's former international airport, Kai Tak on Hong Kong island, which has been abandoned...

WEEKENDER: TRAVEL & TOURISM.
October 31, 2002... (From BusinessWorld (Philippines)) Byline: Michael D. Marasigan Palawan is no doubt one of the best, if not the best, destinations in the Philippines. If you've been there, you've been to Eden. It's paradise! What more if you...

WEEKENDER: TRAVEL & TOURISM.
October 31, 2002... (From BusinessWorld (Philippines)) Byline: Cecille S. Visto I have a confession. On the last day of my 10-day visit to Paris early this month, I had to choose between a trip to Paris Disneyland and the world famous Erotic...

SCORPIONS STING COUNTERFEIT CIGARETTE GANG.
October 31, 2002... (From SAPA (South African Press Association)) The elite Scorpions detective unit swooped on a house in Bedfordview on Thursday morning, arresting several Chinese nationals who were believed to be members of a syndicate manufacturing and...

WEEKENDER: MARKETING.
October 31, 2002... (From BusinessWorld (Philippines)) Byline: Anna Barbara L. Lorenzo In any industry, the ultimate goal is not just to lead the market, but to be able to sustain the leadership as well. Easier said than done? Maybe. But with a...

WEEKENDER.
October 31, 2002... (From BusinessWorld (Philippines)) Byline: Ruby Anne M. Rubio There are two things in life one cannot avoid: death and taxes. However, insurance helps one better prepared for the unexpected. Life insurance grants value to...

WEEKENDER: MARKETING.
October 31, 2002... (From BusinessWorld (Philippines)) Shopping showcase Shoppers from Metro Manila and nearby provinces can visit Greenhills Shopping Complex during ninth Philippine Gifts, Toys, Christmas Decors and Housewares Shopping Mart from Oct....

WEEKENDER: LABOR & MANAGEMENT.
October 31, 2002... (From BusinessWorld (Philippines)) Publicly listed Roxas Holdings, Inc. (RHI) announced the appointment of Atty. Florencio M. Mamauag, Jr. as vice-president for legal and compliance officer, from assistant vice-president and legal...

WEEKENDER: LABOR & MANAGEMENT.
October 31, 2002... (From BusinessWorld (Philippines)) Byline: Reylito A. H. Elbo Some foreign bosses are partial to hiring fresh graduates to work as office clerks, secretaries, assistants, etc., and bear the burden of training them rather than getting...

WEEKENDER: MARKETING.
October 31, 2002... (From BusinessWorld (Philippines)) Byline: Nanette Franco-Diyco The recently launched Nestle Lemonade powdered drink embraces all the colors of summer. Neon greens of grass and leaves, lemon yellows, all reflecting the rays of...

WEEKENDER: AGRIBUSINESS.
October 31, 2002... (From BusinessWorld (Philippines)) Consumers are becoming more conscious about the quality and safety of the food they eat. But are they really knowledgeable about the quality and safety of prepackaged food? University of the...

WEEKENDER: AGRIBUSINESS.
October 31, 2002... (From BusinessWorld (Philippines)) Byline: Leilani M. Gallardo The Philippines is eyeing the possibility of increasing the volume of urea it will import from Indonesia to cushion the impact of the United States-Iraq war to the...

Tajik-Russian deal to "considerably" increase power generation.
October 31, 2002... (From BBC Monitoring International Reports) The signing ceremony of a huge contract to finish the construction of the Roghun hydroelectric power station [in central Tajikistan] has been held in Roghun. The contract was signed between the...

(Corr) IMF official praises Kazakhstan's economic growth.
October 31, 2002... (From BBC Monitoring International Reports) [Correcting name to Odling-Smee throughout. A corrected version of the item follows:] [Presenter] The International Monetary Fund (IMF) highly assesses Kazakhstan's economic achievements,...

Somalia: Absence of faction leaders "greatly felt" in Mogadishu.
October 31, 2002... (From BBC Monitoring International Reports) 29 October All Somali faction leaders, as well as the TNG [Transitional National Government] representatives, are attending a peace conference in the Kenyan town of Eldoret. The major...

Djibouti: Minister announces uniform price of kerosene ahead of Ramadan.
October 31, 2002... (From BBC Monitoring International Reports) The minister of finance, Mr Yacin Elmi Bouh, has informed Djibouti consumers that the retail price of kerosene has been fixed at 92 Djibouti francs a litre in a statement released today. ...

US policies to blame for 11 September events - Tajik commentary.
October 31, 2002... (From BBC Monitoring International Reports) The USA would take measures to destroy specific political opponents which are disagreeable to it under the pretext of the fight against terrorism, suggests Tajik commentator Suhrobshoh...

South Africa: Police arrest two more in connection with alleged coup plot.
October 31, 2002... (From BBC Monitoring International Reports) Pretoria, 30 October: Two more men were arrested on Wednesday [30 October] in connection with an alleged plot to overthrow the government, police reported. Detective services spokesman...

Djibouti decorates Saudi diplomat.
October 31, 2002... (From BBC Monitoring International Reports) The prime minister, Mr Dileita Mohamed Dileita, this afternoon elevated the Saudi religious attache to Djibouti, Mr Yusuf Bin Rashid Abdallah al-Gufa, to the honour of Knight of the National...

Verizon to Sell Long-Distance in Va.
October 31, 2002... (From Newsbytes) Byline: Yuki Noguchi Verizon Communications Inc. will start selling long-distance service to customers in Virginia next month, after the Federal Communications Commission yesterday granted the nation's largest...

White House Wants Smaller Contracts.
October 31, 2002... (From Newsbytes) Byline: Renae Merle The White House announced a plan yesterday to give small businesses a better chance at winning government contracts by breaking down some of the large deals that now are out of their reach. ...

Closing a Bridge Over the 'Digital Divide'.
October 31, 2002... (From Newsbytes) Byline: Ellen McCarthy Lee Betton estimates that nearly 50 kids a day play games and use the Internet at the Alexandria community center he manages. The 16 computers at that center -- and at 67 centers like it in...

Acquisitions Bolster BearingPoint Profit.
October 31, 2002... (From Newsbytes) Byline: Renae Merle BearingPoint Inc., the McLean consulting firm formerly known as KPMG Consulting Inc., reported a profit during its first fiscal quarter, boosted by acquisitions that helped offset a decline in its...

Acterna to Lay Off More as Losses Mount.
October 31, 2002... (From Newsbytes) Byline: Yuki Noguchi Acterna Corp. announced its seventh round of layoffs yesterday after reporting another lackluster quarter, in which company sales declined 45 percent as the Germantown firm's key customers...

Networking After The Fall.
October 31, 2002... (From Newsbytes) Byline: Shannon Henry At the end of the year, Washington's preeminent technology networking group, the Netpreneur program, will fade away. It's a sign of the times: Netpreneur simply couldn't raise the funding it...

IBM's Plan: Computing On Demand.
October 31, 2002... (From Newsbytes) Byline: Mike Musgrove International Business Machines Corp. chief executive Samuel J. Palmisano said yesterday that his company is investing $10 billion on a business strategy aimed at getting corporate customers to...

Fed: Aussie in Moscow siege says authorities did right thing.
October 31, 2002... (From AAP News) CANBERRA, Oct 31 AAP - The Australian academic involved in the Moscow theatre siege today backed the Russian military's decision to storm the building, saying he would not have survived otherwise. Professor Alex Bobik of...

Fed: Government faces growing problems over sugar deal.
October 31, 2002... (From AAP News) CANBERRA, Oct 31 AAP - The government appears to be facing new problems with its sugar rescue plan with independent Senator Meg Lees saying she won't support it. Senator Lees said the rescue package should be funded from...

AAP MARKETS REPORT for Thursday Oct 31, 2002 =2 Sydney.
October 31, 2002... (From AAP News) In SYDNEY today, shares are likely to head north, encouraged by a positive tone in the United States and Europe overnight and after two days of losses. At 0700 AEDT the Dow Jones Industrial average on Wall Street was 40...

AAP MARKETS REPORT for Thursday Oct 31, 2002 =3 Sydney.
October 31, 2002... (From AAP News) COMMODITIES In LONDON, London Metal Exchange (LME) metals rallied on Wednesday as stock markets gained as the complex made up some of Tuesday's losses. The complex had a firmer day thanks to steadier stock markets. "I...

AAP MARKETS REPORT for Thursday Oct 31, 2002 =5 Sydney.
October 31, 2002... (From AAP News) NCP - NEWS CORP LTD - down 33 cents at $10.42 NCPDP - NEWS CORP PREFERRED SCRIP - down 20 cents at $8.82 Stockwatch for Thursday, October 31 BHP - BHP BILLITON - down 25 cents at $9.39 BHP Billiton...

AAP MARKETS REPORT for Thursday Oct 31, 2002 =4 Sydney.
October 31, 2002... (From AAP News) INTERNATIONAL NEWS BRUSSELS - The European Union needs less money than anticipated for its 2003 budget because of advance aid given to farmers hit by adverse weather this year, the European Commission said on Wednesday....

Fed: NSW to consider new terror laws.
October 31, 2002... (From AAP News) CANBERRA, Oct 31 AAP - The NSW government is to consider new laws to increase its ability to respond to the threat of terrorism. NSW Police Commissioner Ken Moroney said a package announced yesterday, which establishes a...

What the Australian newspapers are saying on October 31, 2002.
October 31, 2002... (From AAP News) SYDNEY, Oct 31 AAP - What the Australian newspapers are saying today: THE DAILY TELEGRAPH Page 1 - Actor Judy Davis takes out AVO against husband, fellow actor Colin Friels, after dispute. Sydney man says he's innocent as...

Fed: Raided man's lawyer threatens to go to court.
October 31, 2002... (From AAP News) "He does not support that sort of activity in any way." AAP cg/mk/mg SYDNEY, Oct 31 AAP - The lawyer of a man whose house was raided by ASIO and AFP officers has branded the attack as "disgusting" and...

Vic: Bracks govt plays down law changes to prisoner leave.
October 31, 2002... (From AAP News) MELBOURNE, Oct 31 AAP - The Bracks government has played down the impact its proposed law changes would have on the leave rights of prisoners. The state Opposition has condemned the plan which it said would result in...

Tajik president orders local officials to pick harvested cotton up to last boll.
October 31, 2002... (From BBC Monitoring International Reports) Tajik President Emomali Rahmonov had telephone conversations with the chairmen of [southern] Khatlon Region's Vose, Moskva, Farkhor, Khojamaston, Ghozimalik and Beshkent districts this morning....

HP GOVT SANCTIONS Rs27.50 CRORE FOR EXTENSION OF AIRSTRIPS (at Shimla, Kullu and Kangra, under the modernisation programme of airports in Himachal Pradesh).
October 31, 2002... (From India Business Insight) The Government of Himachal Pradesh (HP) has granted Rs27.50 crore for extension of three airstrips at Shimla, Kullu and Kangra. This is part of the modernisation programme of airports in the State. The State...

OPERATIONAL MERGER OF A-I AND IA UNDER CONSIDERATION (to improve performance and overall efficiency of the two national carriers).
October 31, 2002... (From India Business Insight) The Ministry of Civil Aviation, Government of India, proposes to merge operations of Indian Airlines (IA) and Air-India (A-I). This is to improve performance and overall efficiency of the two national...

JET AIRWAYS UNVEILS MODERN CARGO FACILITY AT DELHI AIRPORT (the warehouse, renovated at a cost of Rs4.16 million, has a total floor area of 385 sq m).
October 31, 2002... (From India Business Insight) Jet Airways has commissioned a modern and larger warehouse for cargo in the departure area at Delhi Airport. The warehouse has been renovated at a cost of Rs4.16 million. It has a city-side and airside...

CENTRAL BANK FUNDING VISA AIRWAYS (the funding comprises term-loans, trade guarantees and cash credit requirements).
October 31, 2002... (From India Business Insight) Central Bank of India has sanctioned Rs8 crore to Visa Airways of Mumbai. The funding comprises term-loans, trade guarantees and cash credit requirements. Visa Airways was recently accorded the status of...

Rs40 CRORE EARMARKED TO REFURBISH IMAGE OF AIR-INDIA (to introduce flat beds in first class and slumberrettes in business class in long-haul flights).
October 31, 2002... (From India Business Insight) Air-India (A-I) will upgrade the interiors of its fleet of over 20 aircraft and improve services with an investment of Rs40 crore. This is to restructure its image. The restructuring will cover the first...

IAF TO TAP EXPERTISE OF ITS RETIRED TECHNICAL AND ENGINEERING PERSONNEL (IAF is considering allowing retired personnel to takeover management of industries and government projects).
October 31, 2002... (From India Business Insight) Indian Air Force (IAF) plans to use the expertise of its retired technical and engineering officials in research and development (R and D), maintenance and engineering segments. However, the retired...

TATAS DECIDE NOT TO VENTURE INTO AVIATION BUSINESS (owing to the Government's unclear policies and its plans to make large investments in telecommunications).
October 31, 2002... (From India Business Insight) Tata group has decided against venturing into the Indian aviation sector. This is due to unclear policies of Government of India in the aviation sector. Besides, the group plans to make large...

Sudan: Vice-president says Machakos talks "great opportunity" for peace.
October 31, 2002... (From BBC Monitoring International Reports) The first vice-president of the republic, Ali Uthman Muhammad Taha, has stressed the need to unify viewpoints on the peace issue. He said the Machakos peace talks were a great opportunity to...

Namibia: Government to develop strategy to prevent eviction of farm workers.
October 31, 2002... (From BBC Monitoring International Reports) Windhoek, 30 October: Labour Minister Marco Hausiku said the government would develop a strategy that would prevent the issue of eviction of farm workers from farms in the country. Hausiku...

Forex losses pull down TNB profits.
October 31, 2002... (From The Star (Malaysia)) TENAGA Nasional Bhd (TNB) yesterday announced lower profits for its financial year ended Aug 31, owing to foreign exchange losses and higher fuel costs. The company reported a pre-tax profit of RM1.48bil,...

Supportline.
October 31, 2002... (From The Star (Malaysia)) Guiness: This stock is riding on the newly established ascending channel. Share prices started picking up from the RM3.44 level on Sept 19 and broke its previous rally peak of RM3.76 to close a tick higher...

Higher charges hit DiGi pre-tax profit.
October 31, 2002... (From The Star (Malaysia)) HIGHER depreciation and amortisation charges wiped out nearly 80% of the third quarter pre-tax profit for DiGi.Com Bhd. After accounting for additional depreciation of RM40.8mil, the mobile network services...

Eurospan chalks up first-quarter turnover of RM8mil.
October 31, 2002... (From The Star (Malaysia)) EUROSPAN Holdings Bhd, a KLSE second board company specialising in the manufacture of wooden furniture, posted a turnover of RM7.9mil and a pre-tax loss of RM585,000 for the first quarter ended Aug 31, 2002,...

Yeo Aik makes flat debut on KLSE second board.
October 31, 2002... (From The Star (Malaysia)) SHARES in KLSE second board debutant Yeo Aik Resources Bhd opened flat at their offer price of 65 sen with 252 lots traded at the opening bell yesterday. The integrated furniture maker, however, saw some...

Prima Saujana commercial phase to take off.
October 31, 2002... (From The Star (Malaysia)) PROPERTY developer Prima Paramount Sdn Bhd is expected to launch the commercial phase of its new residential and commercial project, Prima Saujana, sited along the Kajang Bypass by December or January next...

Guinness Anchor gets two quality certificates.
October 31, 2002... (From The Star (Malaysia)) GUINNESS ANCHOR Bhd has become the country's first and only brewery to receive certification from two internationally recognised standards ; the Hazard Analysis Critical Control Point (HACCP) and ISO 9001:2000....