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The Star 23/3/00 - Renong had teamed up with YTL, Hotel Equatoria, Federal Hotels and Seri Pacific to developm an e-hotel internet portal for the local hospitality and tourism industry. The portal is being set up as a business-to-business web facility for use by hotels and other businesses in the purchase/procurement of goods and services, among other transactions. Renong and YTL will each take a 20% stake in the joint-venture company with the other three parties 10% each. New partneers would be invited to take up the balance 30% interest. Renong would participate in the e-hotel portal venture via its incubator company in which it would hold a 40% stake and UEM 20%. The e-hotel had the potential to be further developed for business-to-consumer transactions, said Yeoh. It is expected that savings in operational costs of 20% to 30% can be made by hotels that adopt e-commerce. The joint-venture company would own the portal and charge a small fee of 1% to 2% for each transaction. Advertising would form another core source of revenue for the company.

The Star 21/3/00 - UEM may be awarded the contract to help building the Renong-STT e-commerce park in Johor Bahru.

The Star 20/3/00 - PLUS will marke its debut on the KLSE by year end expected to have a market capitalisation of about RM15bil to RM16bil, possibly the largest IPO in Malaysia. 25% to 30% of PLUS would be offed to the public and foreign investors. PLUS, the concessionaire of the North South Expressway (NSE) is the crown jewel of UEM and contributes more tha n 90% towards UEM's revenues. PLUS' concession period was last year extended to 2030 under a 12-year extension from the original 2018. PLUS will result in interest savings of over 9% per annum amounting to RM100mil per year. Although the seven-year zero coupon bonds do not carry any interest payments, the debt repayment will reduce the RM16bil total payout upon maturity. UEM has total debts of RM3bil while Renong's debts stand at RM4.3bil. PLUS is expected to raise about RM3.75bil, of which RM3bil will be used to pay off UEM's debts. After the listing UEM will emerge as the controlling shareholder with a 70% to 75% stake in PLUS. Some analysts are expecting a double digit growth figure in traffic for the NSE next year. They said every 1% rise in traffic would bring in RM2mil in revenue for PLUS. PLUS which enjoyed a toll hike last year to 11.24 sen per kilometre (pkm) will see another hike only in year 2002 to 15.01 sen. There will be no yearly rises but rate hikes will occur at fouryear intervals up to year 2016. In 2006, the toll rate will be 18.91 sen, 2011 (23.82 sen) and 2016 (30.02 sen).

The Star 16/3/00 - Renong owns 40%, UEM 20%, Waterfront Capital 5%, Tan Sri Halim Saad 5% and 30% other partners stakes on internet related company called Newco which internet activities can be split into three category : (1) acquired market ready application units such as e-health4all (30%) see Pharmaniaga, krishost (30%), e-construction (30%) and e-tuisyen (30%) (2) Development of ideas and concept (external or employees), apanak.com, e-travel, e-route planner, onebill/central online payment system, e-cars, e-jobs and e-tickets (3) taking the role of venture capitalist (investment). See Time.

The Star 3/3/00 - 1999 Revenue=RM3,239mil Net Profit=710.9mil EPS=89.3 sen ; 1998 Revenue=3,157mil, Net Profit=181.8mil, EPS=23 sen ; 1997 Revenue=4,295mil, Net Profit=282.3mil, EPS=35.8 sen ; 1996 Revenue=3,406mil, Net Profit=519.2mil, EPS=71.3 sen ; 1995 Revenue=1,808mil, Net Profit=277.8mil, EPS=49.4 sen