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MALAYSIAN NEWSPAPER HIGHLIGHTS - AUG 1, 2002.
KUALA LUMPUR, Aug 1 Asia Pulse - Highlights of today's newspapers:
THE STAR
- Tenaga Nasional Bhd (TNB) has struck an agreement with Petroliam Nasional Bhd (Petronas) and independent power producers (IPPs) to share the increased cost of electricity generation owing to a gas shortage.
- Most analysts have welcomed the restructuring plan unveiled by Malaysia Airlines (MAS) on Tuesday to enable it to return to profitability by its financial year (FY) ending March 31, 2003.
- Tanjong Public Ltd Co, through its subsidiary Tanjong Energy Holdings Sdn Bhd, has proposed to privatise Powertek Bhd by making a voluntary general offer to acquire the remaining 39.8 million shares in Powertek it does not already own for RM338.4mil cash or RM8.50 per share.
- A failure by property developers to carry out detailed market surveys has resulted in a serious overhang in residential property supply, according to Jurunilai Bersekutu principal Sultan Mydin Ibrahim.
- The Securities Commission (SC) has asked investors to keep close tabs on PN4 (KLSE Practice Note 4/2001) companies and their regularisation efforts, when making investment decisions in these companies.
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Fortitech Asia Pacific, Kuala Lumpur, Malaysia, has received ISO 9001 registration from NQA, USA (National Quality Assurance, USA). Fortitech Asia Pacific's quality system was assessed against the ISO 9001:2000 standards...
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...Softimage XSI, Softimage Interactive media (CD ROM and web applications) Production/origination support Company Profile: Asia-Pacific Videolab (APV) opened its doors in 1986 as the premier independent post production house in Malaysia. Today APV continues...