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Great Eastern launches first insurance policy for SARS

GREAT Eastern Life Assurance (M) Bhd has launched the country's first insurance policy for SARS (Severe Acute Respiratory Syndrome), providing a one-off cash payment of RM5,000 to policyholders diagnosed to have the disease and treated either in Malaysia or Singapore.

Salcon Engineering on overseas drive

Water treatment-based Salcon Engineering Bhd wants to expand its business to more Asean countries as well as China, India and Sri Lanka, says its chief executive officer Lim See Teok.

AIA targets RM30mil in premiums from new plan

AMERICAN International Assurance (AIA) Malaysia, which recently launched I>Lifestyle 5,/Ia new protection plan that provides second medical opinions to policyholders, expects RM30mil in business premiums for the scheme for the financial year ending Nov 30, 2003.

New Gamuda home scheme to hit RM150m sales

GAMUDA Land, the developer of Bandar Botanic, an integrated township 6km outside Klang, Selangor, expects to hit RM150mil in sales with its BBHOMES scheme.

Malaysian accounting standards second to none in region

Letter to the Editor from Datuk Oh Chong Peng.

Upgrade accounting standards, says don

MALAYSIA could be losing out in the global competition to attract foreign direct investment (FDI) in having accounting standards which are not progressive enough, according to a local university don.

Vivendi Water to explore Malaysia

VIVENDI Water, the world#146;s largest water company, plans to start commercial production of recycled sewerage water using membrane technology in Malaysia if the feasibility tests currently being carried out prove successful.

KPJ to upgrade hospitals and build new one in KL

PRIVATE healthcare services provider KPJ Healthcare Bhd will be spending about RM200mil in the next two years building a new hospital and upgrading the existing hospitals under its stable.

Scomi sees revenue boost from foreign oil and gas services

SOON-TO-BE-LISTED Scomi Group Bhd expects its overseas oil and gas services business to contribute at least 40% to its income in the next three to five years, according to its president and chief executive officer Shah Hakim Zain.

Scomi eyes Asia, Middle East and North Africa as new areas of growth

SCOMI Group Bhd, through its subsidiary Kota Minerals amp; Chemicals Sdn Bhd (KMC), is looking towards Asia, the Middle East and North Africa as new areas of growth and business expansion for its oil and gas division.