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Business 21 Mar 2003 | 12:00 AM

Test for world economies

THE WORLD#8217;S fragile economies may be tested to the hilt and could be faced with greater uncertainty even if the US-led forces achieve a quick victory in Iraq, economists said yesterday. A prolonged war, meanwhile, #8220;guarantees recession#8221;.

Business 21 Mar 2003 | 12:00 AM

No significant impact on major local commodities

MAJOR local commodities like crude palm oil (CPO), rubber and timber will not be significantly affected by the US-led war on Iraq, except for rising concerns over the higher freight cost and insurance charges to countries near to the battle zone, industry players said.

Business 21 Mar 2003 | 12:00 AM

AirAsia expects fuel price hike

AIRASIA Sdn Bhd chief financial officer Raja Mohd Azmi Raja Razali said the war would cause a surge in price of aviation fuel (at the initial stage of the war), which would increase the airline's operational cost but this should slowly come down to a more acceptable price once the war is over.

Business 21 Mar 2003 | 12:00 AM

Regional travellers to cover drop in volume

IN the short-term, the Iraqi war will cause a drop in the volume of travellers from Europe, the US and possibly the Middle East to Malaysia, but regional arrivals within South-East Asia and North-East Asia will not be severely impacted, said Reliance Shipping and Travel Agency Sdn Bhd executive director Tan Sin Chong.

Business 21 Mar 2003 | 12:00 AM

Investors not flocking to gold

THE start of the US-led military attack on Iraq has not prompted investors to flock to gold #8211; a traditional safe haven during wartime.

Business 21 Mar 2003 | 12:00 AM

PTP sees throughput up 30%

THE Port of Tanjung Pelepas (PTP) has projected a 30% increase in throughput this year despite the global economic uncertainties brought about by the US-led war against Iraq yesterday.

Business 21 Mar 2003 | 12:00 AM

CPO prices dip to a three-month low

CRUDE oil prices dipped further to a three-month low yesterday as the market moved in anticipation of a swift victory by the United States army, and little disruption to Middle East crude flows.

Business 21 Mar 2003 | 12:00 AM

More Mid-East investments

WITH the start of the Iraqi conflict, the point has been raised in some business circles whether this would lead eventually to a diversion of Middle East investments to this country, since Malaysia is deemed to have many advantages and seen as a friendly Islamic nation.

Business 21 Mar 2003 | 12:00 AM

Higher insurance premiums

THE general insurance sector is expected to experience a hike in premiums and reinsurance rates, according to MCIS Zurich Insurance chief executive officer L. Meyyappan.

Business 21 Mar 2003 | 12:00 AM

Banks likely to become more cautious

IT#8217;S still too early in the day to gauge how banks may be impacted by the US-Iraqi war, but traditionally, being a conservative sector, banks are expected to turn more conservative.