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Jobs firm Monster buys 40% of

Nasdaq-listed online recruitment company Monster has paid US$50milfor a 40% stake in, the I>China Daily /I>reported.

Zeti: Economy projected to grow 6% this year

In the second and final part of the interview with Bank Negara Governor Tan Sri Zeti Akhtar Aziz, she speaks on the continued solid and steady growth of the economy, with the private sector very much in the lead. She also reviews the performance of several growth sectors and touches on concerns over the ringgit peg.

Local market set to lure foreign funds

LOCAL equities market can expect to attract more foreign funds in the next six months as there are buying opportunities, Deutsche Bank Global Equities head of strategy (Asia) Mark Jolley said.

Mier: 5.7% growth for 2005

Malaysia's economy is expected to grow 5.7%B/B>this year, down from an estimated 7.2% last year, the Malaysian Institute of Economic Research (Mier) said.

Global impact of US economic woes

IT is a policy mistake to downplay, let alone ignore, the seriousness of the implications of the unsustainable current account deficit of the US, both within and without. The US current account deficit has continued to soar without respite in recent times, at the rate of roughly US$2bil a day, setting an all-time record close to 6% of gross domestic product (GDP) in 2004.

Asian nations to enjoy strong capital flows

EMERGING market capital flows, while not back to their mid-1990s peaks, are running close to US$250bil, and although China still takes the lion#8217;s share, other Asian countries are enjoying strong capital flows for the first time in a very long time, according to Gail D. Fosler, vice-president and chief economist of The Conference Board.

ADB: East Asia to shine this year

East Asia's economic growth this year should be the strongest since the Asian financial crisis, despite high oil prices and slowing export growth in the second half, the Asian Development Bank (ADB) said yesterday.

South-East Asia set to enter new investment cycle

SOUTH-EAST ASIAN countries including Malaysia are expected to enter a new investment cycle with signs of a recovery in foreign direct investment (FDI) flow into the region.

Blue chips remain bullish

THE large corporates in Malaysia are bullish about 2005. Tenaga Nasional Bhd (TNB) president and CEO Datuk Che Khalib Mohamad Noh expects the utility giant to continue to shine and deliver. Malaysia International Shipping Corp Bhd (MISC) is somewhat insulated from external market volatilities, says MD and CEO Datuk Shamsul Azhar Abbas. Genting Bhd chairman, president and chief executive Tan Sri Lim Kok Thay has plans to further widen the scope of the group's investment.

Malaysia's economy to grow at 5.7% next year, says Mier

THE Malaysian Institute of Economic Research (Mier) has projected a moderate gross domestic product (GDP) growth of 5.7% for the country next year.