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Rafidah: Miti reviewing 2 acts

THE International Trade and In- dustry Ministry (Miti) is reviewing the Industrial Coordination Act (ICA) and the Promotion of Investments Act (PIA) to ensure their continued relevance, according to its minister Datuk Seri Rafidah Aziz.


Economic package may include cut in interest rate

MANY economists see the government incorporating an interest rate cut in its proposed economic package to give the economy a stronger boost, given the growing impact of the Severe Acute Respiratory Syndrome (SARS) outbreak.


Economic stimulus to be finalised soon

The overdue stimulus package to spur the country's economic growth, will be finalised soon.


Antah in joint venture to develop Country Heights II

ANTAH Holdings Bhd is launching a joint-venture property development, known as Country Heights II, in June, according to chairman Tunku Naquiyuddin Tuanku Jaafar.


DMIB transfer listing status to be completed by August

The delisting of DMIB Bhd and the transfer of its listing status to Sime Engineering Services Bhd (SES) will be completed by end August, according to DMIB's independent non-executive director Tan Sri Mohd Ramli Kushairi.

Other Sport

Thailand's Tero reach Champions League final despite loss

Thai club BEC Tero have clinched a place in the Asian Champions League final despite losing 1-0 to Pakhtakor of Uzbekistan in the away leg of their semi-final on Tuesday.


HK announces US$1.5b SARS relief package

B>HONG KONG:/BThe Hong Kong government unveiled yesterday a HK$11.8bil emergency economic package to ease the impact of the deadly Severe Acute Respiratory Syndrome (SARS) virus, offering loan guarantees and lower rents for hard-hit businesses.


SARS takes increasing toll on Asia

Economic fallout in Asia from the Severe Acute Respiratory Syndrome (SARS) crisis mounted yesterday as the World Bank cut its regional growth forecast, Hong Kong received a credit rating blow, and investors dumped shares in Asian retailers and exporters to China.

AseanPlus News

Lee warns of SARS fallout

SARS could have catastrophic consequences for Singapore if not controlled, Deputy Prime Minister Lee Hsien Loong warned yesterday, pledging the government would muster all resources to fight the outbreak.


Sole male participant makes heads turn

Being the only thorn among the roses at a KL Fashion Week 2003 workshop, sales manager Charlie Chua drew some curious stares from the other participants while learning the art of nail painting yesterday.