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Business 27 Mar 2003 | 12:00 AM

Economic growth seen at 4.5%

BANK Negara has projected economic growth at 4.5% this year, lower than last October's budget forecast of 6.5%, but still decent in view of heightened geopolitical tensions and uncertain external conditions.

Business 28 Mar 2003 | 12:00 AM

Qantas chief says war in Iraq will cut earnings

Qantas Airways has cut its profit forecasts and reduced planned international services over the next several months because of the Iraq war, terrorism and a deadly respiratory illness in Asia, the airline's chief executive said Friday.

Business 28 Mar 2003 | 12:00 AM

IMF warns of recession

New data this week highlighted a mood of caution at corporations in major economies as the International Monetary Fund (IMF) warned that the world could sink into recession if the war in Iraq drags on.

Business 28 Mar 2003 | 12:00 AM

OCBC hosting seminar on impact of war

OCBC Bank (Malaysia) Bhd conducted a seminar to provide the insight and to address the concerns of its customers on the potential impact of war on the global and local economy.

Business 28 Mar 2003 | 12:00 AM

Private sector holds the key to growth this year

THE private sector is expected to drive growth this year as the external sector is projected to grow modestly. Risk to the economy, however, remains should the private sector, because of prolonged uncertainty, adopt a #147;wait-and-see#148; attitude, which would cause delays in investment and a bounce in the electronics industry.

Business 29 Mar 2003 | 12:00 AM

Strengthening the economy

AT a recent interview, when asked about expectations for of the year ahead, a corporate leader replied that much of the economic outlook hinged upon the then looming war against Iraq.

Business 29 Mar 2003 | 12:00 AM

Amcorp to divest non-core assets

ARAB-MALAYSIAN Corp Bhd (Am-corp) plans to divest non-core assets to strengthen its financial position and give more focus to its business as it attempts to narrow the gap between its share price and revalued net asset backing of RM1.30 a share, managing director Soo Kim Wai said.

Business 01 Apr 2003 | 12:00 AM

Thong Guan to invest RM19mil in 2 new lines

THONG GUAN Industries Bhd, a KLSE main board-listed specialist in stretch film and plastic packaging manufacturing, plans to allocate about RM19mil (US$5mil) to set up 2 new production lines this year to expand its output of stretch film.

Business 01 Apr 2003 | 12:00 AM

Poor sentiment causes Asian bourses to drop badly in Q1

MAJOR stock markets in Asia ended the first quarter of the year substantially lower as concerns over the economic impact from the war in Iraq weighed on investor sentiment.

Business 03 Apr 2003 | 12:00 AM

M’sia financial position strong, says Moody’s

MALAYSIA#146;S improved external financial position and its electronics sector#146;s ability to wea-ther global market volatility are underpinning its I>Baa1/Isovereign credit rating, according to Moody#146;s Investors Service.