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TAKAFUL Nasional Sdn Bhd has projected a 31% growth in contribution from its family takaful business and 53% increase in its general takaful business for the current financial year ending March 31, 2004.
THE world's economic growth for the second half of this year would be 'gradual but firm,' according to Economic Report.---------------------------------------------
THE capital market, comprising equities and bonds, is projected to further expand in line with the stronger economy in 2004.
Stocks dropped on Friday, pulled lower by an unexpected fall in jobs in August and a large institution's big trade moving money from stocks to bonds, traders said.
SIME Darby Bhd sold its entire 22% stake in Palmco Holdings Bhd for RM306.2mil or RM6.90 per share in a private placement yesterday, in the process netting a profit of close to RM94mil on its two-year investment.
On issues related to demutualisation and its benefits.
HLG Unit Trust Bhd announced a unit split of 12% for HLG Penny Stock Fund and 6% for HLG Blue Chip Fund for all unitholders of the respective funds as at Aug 31, 2003.
UNIT trust management companies view the current on-going corrections and volatility of bond prices as healthy and remain optimistic of the outlook of the bond market in the longer term.
HSBC Bank Malaysia has added two third party unit trust funds to its current stable of 22 distributed funds from 10 unit trust management companies.
LOAN applications and approvals recorded their highest levels since May 2002, increasing to RM22.7bil and RM14.4bil, respectively in July.