DANAVEST

Treasury Secretary Timothy Geithner told Congress he needs time to work out the details of his strategy to shore up the financial industry, a day after stock traders punished the initial outline.
“I completely understand the desire for details and commitments,” Geithner told lawmakers today at the Senate Budget Committee in Washington. “But we’re going to [...]

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Back when Lenovo announced the IBM deal, the idea was to leverage Big Blue’s worldwide distribution and senior executives to help the Chinese brand go global. But that strategy has met with limited success: Lenovo, which was the world’s third-largest PC maker after the acquisition, has slipped to No. 4 globally, behind HP, Dell, and [...]

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www.publicmutual.com.my
Public Bank’s wholly-owned subsidiary, Public Mutual declares distributions for three of its funds. The total gross distributions declared for the financial year ended 31 October 2008 are as follows:

Public Industry Fund 7.50 sen
Public Equity Fund 5.00 sen
Public Islamic Bond Fund 4.00 sen
Public Mutual’s Chairman Tan Sri Dato’ Sri Dr. Teh Hong Piow commented that despite [...]

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SINGAPORE: Indonesia’s central bank sold dollars on Friday to support the weakening rupiah, traders said.
“They (the central bank) were at various levels, from 9,340 rupiah,” said a trader in Jakarta.
“The currency is being pressured because the emerging market and majors are under pressure – the dollar is very strong,” said a second trader in Jakarta.
The [...]

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When there’s economies of scale in plantation area, Hap Seng Consolidated can put up a mill, says its group managing director

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The downward trend may continue but it will not be a drastic sell-down because retailers have not really jumped into the market yet, says a dealer

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At 2.54pm, the stock dropped 5.1 per cent to RM1.11, compared with its November 2004 IPO at RM1.16 apiece

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