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SMI to focus on 2 core businesses

SOUTH Malaysia Industries Bhd (SMI), which had completed its restructuring exercise about a year ago, will focus on its core businesses in property development and manufacturing of wire products.

Temple of art in the Big Apple

A Penang lad is doing well in that tough-to-succeed-in city, New York. The Star's North American Bureau Editor, JOHAN FERNANDEZ, catches up with Malaysian success story Tattfoo Tan.

Proposal by opposition

State opposition leader Nga Kor Ming has called on the state to select an opposition member to head the state#8217;s public accounts committee.

Retail sales in Asia-Pac set for growth in H2

MOST markets in the Asia-Pacific are looking towards growth in retail sales in the second half of this year as the region recovers from the impact of Severe Acute Respiratory Syndrome and benefits from the slow pick-up in the US economy.

Asia-Pac airlines invest more in IT and telecoms

DESPITE being hit by the 'perfect storm' resulting from the SARS outbreak and Iraq war, airlines in the Asia-Pacific invested more in information technology (IT) and telecommunications in the first half 2003, said SITA Inc Asia-Pacific president Lim Soon Hock.

More incentives to push house sales

Property Talk: A weekly column by S.C. Cheah. This week he says developers are giving big discounts, attractive rental guarantee, free maintenance fees and a host of other incentives that includes a contest with a BMW I>318iA/Ias the grand prize to push sales in the current sluggish property market.

39% of Asia-Pac firms hit by economic crime: Survey

THIRTY-NINE per cent of businesses in the Asia-Pacific have suffered from economic crime in the last two years with an average recovery on loss of 20% or less, a survey showed.

Asia-Pac IPOs down

New share issues from Asia-Pacific outside of Japan fell nearly 29% in the first half of 2003, but they are expected to gather pace in the second half as investor fears over SARS (Severe Acute Respiratory Syndrome) fade and travel restrictions on investment bankers are lifted.

Carrefour signs MoU on new Kepong store

CARREFOUR Malaysia has signed a memorandum of understanding with BH Realty Sdn Bhd to open its ninth store at the Kepong Entrepreneurs#039; Park by the end of next year.

News in brief

News in brief on MNI, AMFB, Reliance Pacific, MUI, Lankhorst, Emico, Malaysia Packaging and oher firms