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Business

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.

Education

Fund-raising hell in Russia

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

Business

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.

Business

Three Berjaya Capital subsidiaries allotted 22.4 million shares in MOL.com

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 MOL.com Sdn Bhd for RM22.41mil.

Business

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.

Business

Knowing your tax well

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

Nation

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.

Nation

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;

Business

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.

Business

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.