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KUALA LUMPUR, July 2 Asia Pulse - Highlights of today's newspapers:
THE STAR
- Foreign fund managers are now more receptive towards investing in the KLSE compared to six months ago, with many expressing concern that they may miss out on the first opportunity should the KLSE stage a rebound says JF Apex Securities Bhd executive chairman Chan Guan Seng.
- There are many reasons to get fired up about energy stocks in the Asia-Pacific, according to Morgan Stanley Dean Witter.
- Plantations-based The Ayer Molek Rubber Co Bhd is in the midst of identifying potential acquisitions to diversify its business.
- Alcatel is exploring opportunities to expand its key optical components facilities in the Asia-Pacific to meet the growing demand for terrestrial systems in the region.
- Konsortium Insurans Bhd (KIB) shareholders have agreed to the proposed purchase of the company by PacificMas Bhd and the subsequent merger of the former's general insurance business with The Pacific Insurance Bhd, a unit of PacificMas.
Source: HighBeam Research, MALAYSIAN NEWSPAPER HIGHLIGHTS - JULY 2, 2001.