Ideas lying fallow

Article Abstract:

Malaysia's agriculture sector has taken a back seat to the manufacturing sector as its overall contribution to Gross Domestic Production in 1991 fell to 17.3% from 18.7%. The lingering effects of the 1985-86 recession on large plantations is aggravated by legislation against the timber industry, tree stress in the case of the palm oil industry, poor world prices of key products and migration of farm labour to factories. The official emphasis is on manufacturing-led growth and tourism, while agricultural development efforts face low funds and tight competition from Indonesia and Thailand.

Agricultural industry, Laws, regulations and rules

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Unreliable sources: Hicom listing deal wrong-foots Malaysian investors

Article Abstract:

Hicom, Malaysia's biggest industrial-investment company, took over New Serendah Rubber, a small plantation company, on Apr 16, 1993 and then declared that New Serendah would buy all of Hicom's paid-up capital in a reverse takeover worth $800 million. This announcement bitterly disappointed the many investors on the Kuala Lumpur Stock Exchange who bought shares of two other companies falsely rumored as privatization vehicles for Hicom. The stock of the two companies, Malaysian Helicopter Services and Uniphoenix Corp, fell drastically after Hicom opted for New Serendah.

Mergers, acquisitions and divestments, Prices and rates, Corporations, Securities, Kuala Lumpur Stock Exchange Bhd., Corporations, Malaysian, Malaysian Helicopter Services Bhd., Uniphoenix Corporation Bhd., Hicom, New Serendah Rubber

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Out on a Lim: Pilecon bid may test Malaysian tycoon

Article Abstract:

Malaysian businessman Lim Thiat Kiat's bid for Pilecon Engineering Bhd may be a true test of his business acumen which propelled his family's Kamunting Corp to a successful diversification. A bid on Pilecon would most likely need the support of bumiputra, the group of indigenous Malaysian shareholders in the company. However, analysts expect contention from Lee Ming Tee, Lim's most likely competitor for control. Pilecon is involved in the development of a planned model mini-city with proximity to the Second Link highway leading to Singapore.

Engineering services, Management, Engineering firms, Lim Thian Kiat, Pilecon Engineering Bhd.

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