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EON expects tough times ahead as competition increases

MALAYSIA#039;S biggest car distributor EON, fresh from securing a new deal to sell Proton cars, said it expects tough times ahead as competition increases and consumers delay purchases.

Buck up for Afta: Rafidah

LOCAL automotive industry players who are still harping on rates and dates for tariff re-structuring under the Asean free trade area (Afta) should instead ask themselves what they have done since the announcement of Afta in 1993.

DMIB transfer listing status to be completed by August

The delisting of DMIB Bhd and the transfer of its listing status to Sime Engineering Services Bhd (SES) will be completed by end August, according to DMIB's independent non-executive director Tan Sri Mohd Ramli Kushairi.

Tunku Abdullah to give up more board positions

LONG-TIME Malayan Cement Bhd chairman Tunku Tan Sri Abdullah Tuanku Abdul Rahman, who would in just over a month#039;s time retire as chairman of the company, will slowly relinquish positions held in the boards of directors in several other public-listed companies.

MNRB takaful sector to begin ops in July

MALAYSIAN National Reinsurance Bhd (MNRB) expects its 100%-owned subsidiary Takaful Ikhlas Sdn Bhd to begin operations in the takaful reinsurance sector in July, said its chief executive officer and managing director Anuar Mohd Hassan.

EC sets up office in KL to fill information gap

The affairs of the Brussels-based European Commission (EC) is no longer #8220;distant#8221; to Malaysians, with the commission having set up its latest foreign delegation office here.

Better playing field for refineries

MALAYSIAN palm oil refineries will be able to compete on a #147;better playing field#148; with other oil seeds in India following the Indian government#039;s decision to reduce the tariff on refined, bleached and deodorised (RBD) palm oil and palm olein, said Malaysian Palm Oil Association (MPOA) chief executive M.R. Chandran.

Landmark free trade pact with US

Singapore and the United States are to sign tomorrow a landmark free trade agreement expected to bolster Washington's economic and political ties with South-East Asia.

US and Singapore sign landmark free trade accord

The United States and Singapore have formally signed a free trade agreement which will eventually eliminate all tariffs on imports and exports between the two countries.

Hoteliers want lower tariffs to reduce losses

Hotel owners want lower water and electricity tariffs as well as a reduction in the Human Resources Development Fund (HRDF) retraining levy to help tide them over the current bad times.