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MASkargo on track to achieve 19% growth

MASKARGO, the transportation arm of Malaysia Airline (MAS), is projecting a growth of 19% in revenue for the year ending March 2004, said its senior general manager (cargo) J. J. Ong.

Review of act can help grow Islamic capital market

This is the third and final part of a series on CIMB's venture into Islamic banking. The first two appeared on March 10 and April 14. Come June 2, Bank Negara governor Tan Sri Zeti Akhtar Aziz will launch CIMB's product offerings for Islamic banking.

Dynamic Pillar expanding

INDUSTRIAL space letting company Dynamic Pillar (M) Sdn Bhd (DPSB) seeks to further expand its business. It expects to invest RM100mil in new projects in the next two years, according to its managing director Abdul Hamid Bawal.

Cama key figure in HSBC Islamic banking set-up

HSBC Bank Malaysia Bhd deputy chairman and chief executive officer Zarir J. Cama can be best described as one of the key figures in the setting up of HSBC Group#039;s global Islamic banking services.

Govt to terminate contract with car fleet firm

The Government has decided to terminate its contract with a firm supplying and maintaining a fleet of official vehicles as it has lost #8220;hundreds of millions of ringgit.#8221;

Ex-CEO charged with cheating

The former chief executive officer of the first licensed Islamic leasing company in Malaysia was charged in the Sessions Court with cheating the company of RM450,000 about three years ago.

Knowing your tax well

Book review by TAN KIM SENG. Title: Malaysian Master Tax Guide 2003. Authors: CCH Tax Editors. Publisher: Commerce Clearing House

Carrefour to set up RM25m outlet in Putrajaya

MAGNIFICIENT Diagraph Sdn Bhd, the operator of Carrefour hypermarkets in Malaysia, will be investing RM25mil in its Putrajaya outlet, which is scheduled to be opened by the 2nd quarter of next year.

Three Berjaya Capital subsidiaries allotted 22.4 million shares in

BERJAYA Capital Bhd said its subsidiaries, Prime Credit Leasing Sdn Bhd, Berjaya Insurance Bhd and InterPacific Securities Sdn Bhd had been successfully allotted and issued 22.405 million new ordinary shares of RM1 each, representing 9.92% in Sdn Bhd for RM22.41mil.

Government needs to address problems of tourism, says Matta secretary-general

THE tourism industry in Malaysia is an important sector of the economy and the Malaysian government should take a good look into the problems of the industry, especially in light of recent challenges like the Iraq war and the Severe Acute Respiratory Syndrome (SAR) outbreak, said Malaysian Association of Tour and Travel Agents (Matta) secretary-general Datuk Mohd Khalid Harun.