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Business

Analysts expect 2nd quarter to be tougher

ECONOMIC growth for the second quarter is expected to moderate amid tougher conditions due in part to the impact of the Iraq war and Severe Acute Respiratory Syndrome (SARS), analysts said.

Business

US stock buyers ignore scandals

A year ago, word of a government probe or accounting irregularity in the shell-shocked post-Enron world was enough to send US stocks careening and investors running for cover.

Business

KL market resumes climb as investors turn optimistic

The local stock market resumed its climb yesterday, with the KLSE Composite Index (CI) closing 6.5 points higher at 688.6, as more investors jumped onto the band wagon on optimism that the benchmark index would soon breach the 700-point level.

Business

Celcom bullish about new satellite service

CELCOM (Malaysia) Bhd is targeting 60,000 subscribers within two to three years for its I>TMTouch ACeS /I>satellite service that will put almost any location in Asia, however remote, within reach of a phone call or e-mail.

Business

Timely to enhance info systems

MALAYSIAN companies and government departments must focus on business information and service quality. They must strive to boost service levels by tapping the information that they possess.

Business

SARS remains a drag on market

THE KL market headed south for the third consecutive day yesterday as the confirmed case of SARS in Singapore provided institutional investors with an excuse to take profit on recent sharp gains in stock prices.

Business

Foreign firms hail SC move

FOREIGN firms with Malaysian operations see the latest relaxation of rules by the Securities Commission (SC) to allow them to seek a direct listing on the KLSE as a welcome development, but many are not about to take up the offer just yet.

Business

IBM makes managing data easy

IBM has made it easier for large organisations to manage and share their vast amount of information. The IBM TotalStorage SAN File System, available from today, provided a single centralised point of control to manage files and databases which would simplify data administration and result in lower total costs, said IBM Asean/South Asia storage systems group product manager Rathiga Renganathan.

Business

Selangor may relax ruling on low-cost homes

DEVELOPERS of housing schemes in outlying districts in Selangor may not need to have 30% of the total units as low-cost houses.

Business

Expanding to the Hindu, Christian sectors

NV MULTI Corp Bhd has focused on the Buddhist and Taoist communities since inception. Next year would see some change. In its 209-acre plot beside the Nirvana Memorial Park in Kajang, NV has isolated 50 acres as a Christian burial ground.