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16 theSun | FRIDAY FEBRUARY 6 2009


Hang Seng S&P/ASX200 TSEC KLCI STI KOSPI Nikkei KL market summary
13,178.90 3,428.60 4,363.25 879.95 1,704.60 1,177.88 7,949.65 FEBRUARY 5, 2009
115.01 9.30 26.72 3.15 2.79 17.49 89.29 INDICES CHANGE
FBMEMAS 5,759..38 +17.07
COMPOSITE 879.95 +3.15
INDUSTRIAL 2,064.41 +4.15

HSBC survey shows
CONSUMER PROD 285.83 +1.14
CONSTRUCTION 165.72 -1.03
FINANCE 6,983.07 +82.18
PROPERTIES 526.65 +4.68
Cheah PLANTATIONS 4,398.58 -58.24
(right) with MINING 233.04 unch

contraction in local economy
the bank’s FBMSHA 5,959.38 - 5.29
commercial FBM2BRD 3,906.82 + 9.20
banking TECHNOLOGY 13.35 + 0.10
and product
315.914mil RM466.514mil
director Fong
by Loo Sim Ee Regional results of the survey showed ues to go through difficult times. But it is that SMEs in Bangladesh, Vietnam and
India are the most optimistic, with plans
good to see that these challenges are not
translating into job cuts, so these busi-
Chia Ping at
a briefing to CI buoyed by
KUALA LUMPUR: Malaysia’s small and
medium enterprises (SME) are expecting
to increase their capital expenditure and
expectations to increase trade volumes
nesses could improve conditions later in
the year,” he said.
the survey
selected blue chips
a contraction in the local economy for the with Asia and the rest of the world, SHARE prices on Bursa Malaysia closed
first half of the year but most of them do whereas SMEs in Singapore, Taiwan and lower yesterday as investors took cue from the
not plan to retrench any employee. Hongkong are expecting to face economic downtrend on Wall Street with the losses led
This is according to the HSBC Asia-Pa- contractions. by selected plantation-related stocks, dealers
cific Small Business Confidence Monitor, Most of the Asian regional SMEs’ re- said.
a survey conducted by research company cruitment plans remain unchanged with The benchmark KLCI however closed 3.15
TNS from October to November last year a stable employment and little to no plans points higher at 879.95 supported by selected
in Hongkong, China, Taiwan, Bangla- for retrenchment. blue chips such as Maybank.
desh, Singapore, India, Vietnam, Korea, Cheah also said the local GDP growth Maybank increased 15 sen to RM5.40
Malaysia and Indonesia. is expected to be 1.7% for the first half of yesterday.
At a briefing to announce the survey the year and 4.7% for the second half. A dealer said the global economic outlook
findings, HSBC Bank Malaysia Bhd direc- He said while the survey findings may remained the main concern for investors and
tor for SMEs, insurance and investment, not reflect the latest developments in they were reluctant to take position in the
Peter Cheah, said this year will be a January, where jobs are slashed, they are market.
difficult year for many businesses, but still useable due to the change in condi- Among the actives, PETROCH-C8 declined
Malaysia and Asia have withstood many tions such as the fuel price drop and the half sen to one sen, KNM eased 1.5 sen to 42.5
difficulties in the last decade, and the announcement of reduction in Overnight sen and IOI Corp lost 24 sen to RM3.68.
survey results support what HSBC has Policy Rate (OPR) by Bank Negara, which As for the heavyweights, Sime Darby rose
seen among their customers. proved beneficial for SMEs. five sen to RM5.40, Tenaga gained five sen to
The survey was based on a random “There are great challenges ahead in RM5.40 and Telekom increased four sen to
sample, with pollings scattered randomly early 2009 as the global economy contin- RM3.20. – Bernama
in different business sectors.
The survey asked SME decision-mak-
ers about their local economic outlook for
the next six months, their plans on capital

investment and staffing levels and their IPPs are prepared to give. We hope was due to a decrease in market In the PricewaterhouseCoopers
expectations for trade volumes with China, the agreements with the IPPs can be demand, the company said in an (PwC) 12th annual global CEO survey,
the rest of Asia and the rest of the world. revisited,” he told reporters on the email reply to Bernama yesterday. nearly 31% of Asia Pacific CEOs were
The figures show SMEs’ confidence sidelines of the power utility giant’s It also said the closure was part very confident of growing revenues
has declined since 2007, based on the TNB proposes review Chinese New Year celebrations held of its Japanese parent company’s during the next 12 months compared
responses to the questions on economic here. effort to increase manufacturing to the global average of 21%.
outlook, capital investment plans and of pacts with IPPs He was responding to comments efficiency. However, the confidence levels
staff recruitment plans. KUALA LUMPUR: Tenaga Nasional from former prime minister Tun Dr “Our sales contribution will re- are significantly lower compared with
Fifty-six per cent of Malaysian SMEs Bhd (TNB) has recommended fresh Mahathir Mohamad to review the main the same after the closure of 2007, where 56% of the Asia Pacific
are expecting negative economic growth plans to the government to improve power supply contracts with the IPPs the Malacca plant. We consolidate and 50% of global CEOs felt confident
for the first half of the year, and 31% are certain areas in the power supply as the huge power reserves are a our plants for better efficiency about achieving short-term growth,
expecting the Malaysian economy to agreements with the independent burden to TNB. – Bernama and results,” the company said. said PwC in a statement yesterday.
maintain the same pace of growth. power producers (IPPs) for the peo- – Bernama “Despite the challenges imposed
Notable from the survey is the stable ple’s benefit, president and chief ex- Panasonic M’sia still by the global financial crisis, Asia
employment, with 85% of the local SMEs ecutive officer Datuk Seri Che Khalib
upbeat on sales Asia Pacific CEOs bullish Pacific business leaders are still fo-
planning to keep their staff despite the Mohamad Noh said yesterday. cused on long-term growth,” said PwC
negative outlook, and 88% are not plan- “Whatever benefit and savings we KUALA LUMPUR: Panasonic Malay- on short-term growth Global CEO Samuel A DiPiazza Jr.
ning to expand their businesses. get from the renegotiations with the sia, which employs 20,000 workers, KUALA LUMPUR: Asia Pacific chief Nearly all the Asia Pacific CEOs
Trade outlooks with China, the rest IPPs will definitely translate to tariff expects its sales to be unaffected executive officers (CEOs) remain more believed that attracting and retaining
of Asia and the world are expected to be reduction,” he said but declined to despite the closure of its manufac- upbeat than their global counterparts key talent, high quality customer serv-
slow, with more than 50% of SMEs plan- reveal the details of the plans. turing plant in Malacca. about short-term growth prospects ice offerings and brand strength and
ning to decrease their trade volumes for “It can be substantial, depending The closure, which resulted in amid a looming world economic slow- reputation are critical to sustaining
the first half of the year. on the quantum of reduction the 490 workers being retrenched, down, according to a survey. long-term growth. – Bernama