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DESPITE some late attempts at window-dressing, the KLSE Composite Index (CI) ended 2003 a few points shy of the psychologically significant 800-point mark. For 2003 as a whole, however, the market did perform reasonably well in a year filled with shocks and uncertainty.
ASIAN economies are expected to continue outperforming the rest of the world in 2004 against the backdrop of an overall global recovery.
Whichever way the KLSE in 2003 will be looked at, it will be remembered as a roller coaster of a ride. From gloom of war and the despair of SARS to the euphoria of a multi-month rally that ended the three-year bear market, investors finally managed to revel in a booming stock market with no stumbling impediments in sight.
Today, we feature the CEOs in the life insurance industry. They are Alex Foong Soo Hah of Great Eastern Life Assurance (M) Bhd, Tan Beng Wah of Asia Life (M) Bhd, Khor Hock Seng of John Hancock Life Insurance (M) Bhd, and K.H. Chia of Hong Leong Assurance Bhd, who is also president of the Life Insurance Association of Malaysia (Liam).
AS the Kuala Lumpur stock market continued its losing streak for a fifth consecutive day Wednesday, with the KLSE Composite Index (CI) shedding nearly seven points to 775, hopes of a rally to take the benchmark back above the 800 level by New Year's Eve are fading fast.
Once again our CEO Outlook 2004 for today focuses on the bankers, people who are best positioned to feel the pulse of the economy.