Clocking a compounded annual growth rate (CAGR) of over 15%, imports of medical devices and equipment in India is likely to cross $4 billion mark by 2018-19 from a level of about $2.3 billion as of 2013-14, apex industry body Assocham revealed in a study on Thursday. Gujarat accounted for the highest share of over 18%, in terms of a total number of 316 factories operating in the medical and dental instruments and supplies sector across India, according to the sector specific analysis.
Top Glove Corp Bhd, which is currently in a net cash position of RM142.8mil, is on the lookout for merger and acquisition (M&A) opportunities to further expand its business scope. Chairman Tan Sri Lim Wee Chai said the group was in search for companies in similar and related industries in line with its annual key performance index (KPI).
The Malaysian economy is not likely to slow down sharply in 2015 as widely anticipated since the slowdown across the globe is not synchronised, says Affin Hwang Capital Research. The research house said some advanced economies would benefit from lower global oil prices.