For the first time this year, Bursa KLCI breached the psychological barrier of 1,000 points. It closed at 1,009.36 yesterday (4th May 2009).
As at 12.30pm today, it falls to 1,002.17 points.
Will it hold and move forward or will it falls below 1,000 today?
In an annoucement to Bursa, Telekom Malaysia International proposed to change its name to AXIATA GROUP BERHAD.
How they come up with the name is a wonder. What does Axiata means?
I presumed it will involve a change in the branding, colour and logo. This will certainly make some Public Relation company happy as it will definately cost a bomb to rebrand.
One wonder whether it is a good idea to spend so much doing the rebranding during the current economic situation.
COMPUTER maker Dell Inc is reducing its headcount in Malaysia by offering a voluntary separation scheme (VSS) to its staff.
Dell is believed to have offered the VSS to all its Malaysian employees, who are estimated to total 5,000. The move is part of a round of staff cuts being carried out worldwide.
A Dell Malaysia spokesman confirmed that the company is reducing its global workforce but did not say how many jobs will be eliminated in Malaysia.
It is learnt that the company has informed the Manpower Department of its plans, and workers have until the end of the month to decide.
Last month, Business Times had quoted industry sources as saying that some of Dell’s workers in Penang and Cyberjaya had been warned that their jobs may soon be eliminated in the company’s latest restructuring.
“About 80 people in sales and marketing have been informed that their jobs will no longer exist in the new structure and they need to find alternative work within the company,” the source had said.
Dell’s presence in Malaysia spans 14 years and the company has two facilities in Penang, one based on the island and the other in Seberang Prai.
It also has a global business centre in Cyberjaya.
The world’s second largest computer maker saw some of its top executives leave the company early this year as the American firm set about restructuring itself to regain market share and boost sales. – BTimes
