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MALAYSIAN NEWSPAPER HIGHLIGHTS - AUG 1, 2001.

AsiaPulse News

| August 01, 2001 | COPYRIGHT 2001 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

KUALA LUMPUR, Aug 1 Asia Pulse - Highlights of today's newspapers:

THE STAR

- Hot on the heels of its getting a backdoor listing via a reverse takeover of Kedah Cement Holdings Bhd, EON Bank Bhd is now all geared up to buy two stockbroking companies--Sime Securities Sdn Bhd and Leong & Co Sdn Bhd.

- Tenaga Nasional Bhd (TNB) is conducting a feasibility study on joint development of a hydro-powered dam in Pahang with Tokyo Electric Power Co of Japan.

- Tenaga Nasional Bhd (TNB) has reported a higher pre-tax profit of RM1.92bil for the nine months to May 31 compared with RM1.46bil in the previous corresponding period.

- The KLSE Composite Index (CI) ended July just a whisker away from the 660-point level, ending a month which saw the barometer index gaining 12.5 per cent, making the KLSE easily one of the best performing bourses in the region.

- IJM Corp Bhd has formed Swarna Tollway Pte Ltd as the concessionaire company to implement its expressway project in India.

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Source: HighBeam Research, MALAYSIAN NEWSPAPER HIGHLIGHTS - AUG 1, 2001.

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