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KUALA LUMPUR, March 1 Asia Pulse - Highlights of today's newspapers:
BUSINESS TIMES:
- Malaysian and regional stock markets fell sharply for the second day yesterday following a major sell-off in China on Tuesday which spread across markets worldwide.
- Genting Bhd announced an impressive set of financial results for the year ended December 31 2006, with net profit surging by 23 per cent to RM2.24 billion on higher revenue of RM6.94 billion compared with RM1.81 billion profit on a RM5.45 billion revenue previously.
- Sime Darby Bhd's net profit for the second quarter ended December 2006 more than tripled to RM623.7 million, due mainly to the sale of its 29.3 per cent stake in Singapore shipbuilder Jaya Holdings Ltd for RM424 million.
- Malaysia is not insulated from the contagion risks of globalisation but the resilience of the domestic economy has enabled it to withstand external shocks, said Bank Negara Governor Tan Sri Dr Zeti Akhtar Aziz said yesterday.
- Corporate Malaysia romped home with a relatively strong set of earnings for the last three months of 2006, continuing a trend that started since the third quarter ...
Source: HighBeam Research, MALAYSIAN NEWSPAPER HIGHLIGHTS - MARCH 1, 2007.