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Business

Insurers: Pension plans vital

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).

Business

Positive market outlook for 2004

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.

Business

Hopes for year-end rally fading

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.

Business

Bankers bullish about economy

Once again our CEO Outlook 2004 for today focuses on the bankers, people who are best positioned to feel the pulse of the economy.

Business

CEOs give Pak Lah the thumbs-up

THE country's captains of industry have given the thumbs-up to Prime Minister Datuk Seri Abdullah Ahmad Badawi, with most of them saying they are confident he would take Malaysia to greater heights.

Business

Asian stock markets to remain buoyant, says JP Morgan

HIGH liquidity, stronger currencies and robust domestic growth will keep Asian stock markets buoyant next year notwithstanding anticipated interest rate hikes and political concerns in certain parts of the region. Investor interest will also be shifting from cyclical I>beta/Istocks to those with long-term growth potential.

Business

Philippine shares end lower Friday on political concerns

Philippine shares ended marginally lower Friday as political concerns continued to weigh on market sentiment ahead of next year's elections, traders said.

Business

US expansion soars

Robust business and consumer spending powered the US economy ahead in the third quarter at an even brisker clip than first thought, according to government data that also showed the biggest jump in corporate profits in more than a decade.

Business

Philippine shares end mixed Monday

Philippine shares ended mixed Monday, with late bargain-hunting limiting the weak market sentiment spurred by Finance Secretary Jose Isidro Camacho's resignation, traders said.

Business

China, US square off over textiles

B>BEIJING: /B>China struck back at the United States over a cap on some textile imports yesterday, saying the move went against the spirit of free trade and hinting at possible retaliation.