|
| Home | Sitemap | > Grapevines > Old news headlines > Malaysia |
MALAYSIA
Headlines below:
Malaysia cautions against
Internet firms without industries to back themMaxis Communications Bhd is considering plans for a listing
Government may reduce number of draw days to curb gambling activities.
March 14, 2000, The Star
Malaysia welcoms foreign investments but will be on its guard against what he described as "bubble" dot com companies, Prime Minister Datuk Seri Dr Mahathir Mohamad said yesterday. He said these internet-related companies had no real industries to back them up. He said these dot com companies which were fast gaining popularity were formed to push up share prices. "These companies promise to sell anything. Their wealth does not come from anything that they can sell and buy but look at their share value", he said. He said Malaysia wanted "real companies" which could continue to make money long after the dot com companies had burst their bubble.
March 10, 2000, The Star
Gambling stocks took a beating yesterday after Deputy Chan Kong Choy suggested that the government might consider redcuing the number of draw days from three to one or two days per week to curb gambling activities. Gaming analysts have mixed views on the impact of number forecastors' bottomlines should the number of draws be reduced. One said the revenues of number forecasters would be reduced by 10% to 15% if there were fewer drawing day per week. "Punter may bet less frequently , but they may place bigger bets. So the impact may not be severe," she added.
March 10, 2000, The Star
Maxis Communications Bhd is considering plans for a listing
Maxis Communications Bhd is considering plans for a listing, CEO Jamaludin Ibrahim said. However he declined to comment on the timeframe or whether the company would list on the KLSE or the Nasdaq. Maxis had just launched its free internet surfing service, the demand for its online registration at www.maxis.net,my was overshelming and more than double the figure it had expected.
See
internet, technology or telcos stocks.By visiting this website, you are deemed to have read the below disclaimer.
Disclaimer: The information has been obtained from sources which the writer believes to be reliable and analysis are done in such a way deemed proper by the writer. The writer does not guarantee the accuracy or completeness or reliability of any information and analysis in this website. No liability can be accepted for any loss arising from direct or indirect use of this website. All opinions, estimates and analysis expressed herein reflect the writer's judgement as of this date and are subject to change without notice. This website is for the information of surfers and subscribers only and should not be construed as an offer or solicitation for the purchase or sale of any security or futures contracts. The writer may have an interest in the securities or futures contracts or the markets mentioned herein.