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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.
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.
MALAYSIA Airlines (MAS) is targeting a profit of between RM50mil and RM75mil from ticket sales during the three-day promotion on airfares at the Matta International Travel Fair this weekend, its regional assistant general manager, Malaysia and Asean, Datuk Rashid Khan said.
LANGKAWI Lagoon Resort will be expanding its facilities to offer more five-star amenities, including a spa and retail shops over the sea, to position itself as the premier resort in Langkawi.
GENTING Bhd and Resorts World Bhd reported huge increases in profit for 2002 financial year from a year ago, but saw profit in the fourth quarter dragged down by losses from Star Cruises Ltd and write-down of investment and assets.
TOTAL motor vehicle sales in the country rose 43% to 39,696 units in January from December, but showed barely any growth when compared with the same month last year, according to data released by the Malaysian Automotive Association (MAA) yesterday.
KFC HOLDINGS (Malaysia) Bhd made a net profit of RM61.35 million for financial year ended Dec 31 2002 on the back of a RM1.25 billion turnover.