Stocks slide on growth worries

US stocks fell on Friday as worries about slower economic growth hit shares of industrial companies such as Caterpillar Inc and disappointing news from chip makers pulled tech stocks lower.

OSK seeks earnings boost from fee-based ops

OSK Holdings Bhd expects profit contributions from fee-based and fixed-income operations to boost future earnings, as reliance on the stockbroking business continues to shrink, said group managing director and chief executive officer Ong Leong Huat.

Pitfalls of Vietnam’s economic growth

EVEN though Vietnam's prospects look promising for now, there are potential risks and challenges that could adversely impact its economy, going forward.

RHB chalks up RM457,000 Q3 pre-tax profit

RASHID Hussain Bhd (RHB) has posted a pre-tax profit of RM457,000 for the third quarter ended March 31, compared with a pre-tax loss of RM18.5mil in the corresponding quarter of 2002.

Takaful ops to be big contributor to MAA

MAA Holdings Bhd expects its takaful operations to generate 30% of revenue in the year ending Dec 31, 2007, said group managing director and chief executive officer Tunku Ya'acob Tunku Abdullah.

UM Land to focus more on high-end units

UNITED Malayan Land Bhd (UM Land) is eyeing more high-end boutique development, especially serviced residences in Kuala Lumpur and other cities in the country, to cater to the fast-changing lifestyle of city folks.

How to invest in modern China

READERS considering investing in China will find Cesar Bacani#146;s I>The China Investor #150; Getting Rich with the Next Superpower (/I>John Wiley amp; Sons) helpful.

Overall surplus for first-quarter jumps 57%

Malaysia's overall balance of payments surplus for the three months to March rose 56.7% to RM24.6bil from RM15.7bil in the preceding quarter to December 2003.

News in brief

RHB Capital Q3 profit rises to RM125mil

RHB Capital Bhd recorded pre-tax profit of RM125.1mil for the third quarter ended March 31, up 30.16% from RM96.1mil in the previous corresponding quarter.