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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.

Fund-raising hell in Russia

Hard-hit Russian colleges are falling into the clutches of corrupt business, reports DAVID HOLLEY.

Cagamas reports 26.1% increase in pre-tax profit

NATIONAL mortgage corporation Cagamas Bhd has reported a pre-tax profit of RM208mil for last year, an increase of 26.1% from 2001, attributed to higher volume of loans and debts purchased.

Malaysia's SMIs insulated from impact of war

MEMBERS of SMI Association of Ma-laysia have been relatively insulated from the impact of the Iraq war as only a small percentage of its membership export to the Middle-East.

Resort adds 5-star facilities

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.

Official: Citibank growing in step with the nation

Citibank Malaysia considers its business and growth in the country as a major success story and plans to actively participate in its next wave of growth in services and Islamic banking.

MAS continues recovery with RM330mil Q3 profit

MALAYSIA Airlines (MAS), continuing on its flight path to recovery, has turned in a net profit of RM330.4mil for its third quarter ended Dec 31, 2002. The result was boosted mainly by exceptional gains of RM229.4mil as a result of the airline#146;s widespread asset unbundling (WAU) scheme and RM77mil from the sale of aircraft and engines.

One concept, one floppy

GO online, key in your criteria. How old are you? What are your expenses? How many children do you have? In a jiffy, you will have a personal financial report.

Foreigners allowed to buy land in Shanghai

SHANGHAI has decided to remove the last remaining barrier hindering foreign businesses and individuals from purchasing or leasing real estate in the city. The municipal real estate and land resources administration has issued a notification which effectively permits the purchase and leasing of real estate for business purposes.

Farm workers give up mahjong for winter jobs

FOR peasants in West Sunzhuang Village, in north China's Hebei province who have become expert mahjong players during the slack farming season, this winter has not been one of leisure and idleness as before.