Blue chip in the red

Article Abstract:

Malaysia's most-respected, and only multinational, company Sime Darby reported a loss of 1.1 billion ringgit for the six months to Dec 1997. Sime Darby's diversified interests include machinery and plantations, and its pretax profits for the year to Jun 1997 were 1.7 billion ringgit. The losses were largely due to the groups banking and stockbroking arms. The banking group made some bad management decisions and recorded a loss of 1.8 billion ringgits for the six month period. Sime Darby sold off the banking business in Mar 1998 with a 1.9 billion ringgit loss on its investment.

Diversified Companies, Banking Institutions, Depository Credit Intermediation, DEPOSITORY INSTITUTIONS, Banking industry, Banks (Finance), Sime Darby Bhd.

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Spending power

Article Abstract:

Tourists from the Middle East are flocking to Malaysia thereby improving the industry's earnings. Some experts predict that the tourism industry will achieve a 4.5 inflation-adjusted growth rate. However, the government's fiscal problems still adversely impact the country's economy.

Forecasts, trends, outlooks, Commodity & service prices, Hotels & Motels, Hotels (except Casino Hotels) and Motels, HOTELS AND OTHER LODGING PLACES, Hotels and motels, Tourist Travel, Labor Distribution by Employer, Economic aspects, Prices and rates, Forecasts and trends, Statistics, Market trend/market analysis, Tourism, Company pricing policy, Industry forecasts

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Turning back the clock

Article Abstract:

Two of Malaysia's largest conglomerates Lion Group and Renong Bhd. have each restructured, after both companies experienced financial troubles. However, there is not much interest in the companies by corporate investors, who were disillusioned by their collapse.

Organizational history, Securities issued, listed, Management, Beliefs, opinions and attitudes, Securities, Company restructuring/company reorganization, Reorganization and restructuring, Investors, Company securities, Petroleum services industry, Company organization, Renong Bhd., Severe acute respiratory syndrome, Lion Corporation Bhd.

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