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Old News Headlines

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World

Malaysia

(or see more corporate rumours)
March 2000
European Central Bank raise rates again. The central bank is more concerned about stopping the weakening of Euro than inflation (Herald Tribune's Global Economic Review); inflation was mentioned by them as the reason for rate raise.
April 1, 2000
New KLSE ruling to be enforced to make it compulsory for listed companies to disclose details of their e-ventures (The Star March 2000).
March 21, 2000
US Fed Reserve raise rates again. Alan Greenspan was more concerned about curbing tech stocks' rise than the aggregate demand (vs aggregate supply) as always mentioned by him (Herald Tribune's Global Economic Review).
March 2000
Lucy Ng from Campbell investment house: Malaysia may succumb to current global interest rates' upward momentum and raise rates by end of 2000 (The Star).
March 16, 2000
According to Xudio.com, Asia-Pacific internet entertainment market size will grow from US$20.96mil (2000) to US$635Billion (2005) and in 2003 3% net users will use internet entertainment. (Sin Chew 16/3/00). See Daiichi and AKNTech
March 30, 2000
Bank Negara Malaysia's Governor: No increase in interest rates, there's enough liquidity and it's well managed (The Sun).
March 13/3/00
Japan's Oct-Dec 1999 GDP is negative again, this time negative 1.4% from July-September 1999's negative 1%. But analyst argued Japan companies are generally out of thier worst time (Malaysia TV news).
March 25, 2000
K&N Kenanga Bhd is sticking to its forecast in January that the KLSE Composite Index would touch 1,300 by the 3rd quarter of this year.
March 8, 2000
"Until market forces, assisted by a vigilant Federal Reserve, effect the necessary alignment of the growth of aggregate supply, the full benefits of innovative productivity acceleration are at risk of being undermined by financial and economic instability": US Federal Reserve chairman Alan Greenspan (The Star).
March 24, 2000
"There is the risk of a new asset price bubble forming, particularly in the stock market (KLSE) where the PE ratio is high":World Bank (The Star)
March, 2000
Investors felt relieved after US's economy report for February 2000 which shows signs of economy slowing down and less chance for Fed to raise rates in next meeting.
March 24, 2000
John Fildes confirmed that Malaysia would carry a weightage of 10.7% in the MSCI. Extra US$7billion could be flowing in (The Star).
March, 2000
TH Group's management estimate Asia's total population of internet users to increase to 60million by 2002 from 1999's 20 million.
March 23, 2000
KLSE Securities Commission gave caution on Internet frenzy. At least one company pulled out from recently announced e-venture (The Star).
March, 2000
Herald Tribune reported estimation of Global Internet's total market value to be US$7.3 trillion (US$7,300billion) by year 2004. Almost the present size of whole Europe market. Currently global internet market's value could be about US$3trillion.
March 16, 2000
Malaysia, South Korea and Taiwan seen by Asia fund managers as the least likely countries to raise interest rates, according to a survey on Asia fund managers (Sin Chew 16/3/00).
Feb 15-March 5, 2000
"New Economy" technology/internet stocks unaffected by recent tide of tightening monetary policy due to the fact that these companies rely more on capital market than on banks to raise funds.
March 13/3/00
Malaysia Prime Minister cautions against Internet firms without industries to back them.
Feb 15-March 5, 2000
Great divergence between share price movements of "New Economy" technology/internet stocks and "Bricks-and-Mortar" conventional stocks.
March 9, 2000
Softbank looks to invest in Malaysia Net firms. The firms must be "content or infracstructure-related".
Jan-March, 2000
Gold, oil and other commodities' bull market which will cause inflation later are worrying central banks worldwide
March 3, 2000
Morgan Stanley Dean Witter has adjusted its Asia-Pacific portfolio to overweight on Malaysia by 300 basis points relative to the Morgan Stranley Capital International Index (MSCI) to which Malaysia will be reinstated by end-May (The Star).
Feb 11, 2000
England raised rates for the second time in year 2000
March 1, 2000
Solomon Smith Barney forecasted KLSE CI to reach 1,200 by mid-2000 and 1,300 by end 2000 (The Star).
Feb 11, 2000
Morgain Stanley advising for world's tightening of past expansionist policy
March 1, 2000
Kay Hian Research forecasted KLSE CI to reach 2,000 in three years' time (The Star).
Feb 11, 2000
South Korea raised rates
March, 2000
Everyone "e-very-want": more Malaysian companies announcing interest/plans in e-commerce initiatives.
Feb, 2000
US Fed Reserve raised rates
Feb 11, 2000
AWSJ rapped over article on Malaysia's recovery plan
Jan, 2000
Singapore's Prime Minister gave warning on frenzy buying of internet related stocks: "some might not succeed."
Jan-Feb, 2000
Internet Frenzy

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