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Magnum to implement new commission rates in 2004

MAGNUM Corp Bhd has signed new area agency agreements with eight subsidiaries of unit Magnum 4D Bhd to implement a new commission package from Jan 1, 2004.


Modern China through the eyes of Zhu Rongji

THE future of the Middle Kingdom has never been brighter. Health matters aside, initial investment (albeit with cautiously-paced efforts) at liberating China#146;s economy seems to have paid off and international organisations are realising what they have always suspected: that China is I>the/Iplace to do business.


Bank Negara: New insurance framework being worked on

BANK Negara is making efforts to develop a new motor underwriting framework to replace the one currently in use, which has not been reviewed since 1978.


Impact of IPO share move

Online investment advisor on the impact of IPOs (initial public offering)on the capital market and recent relaxation on the moratorium on disposal of IPO shares.


Develop your own MNCs and brands

Developing countries should step up efforts to build their own multinational corporations (MNCs) and brand names in order to play a dominant role in the world economy, according to China's chief negotiator Long Yongtu.


Mixed views on telecoms sector recovery

Industry executives and financial stakeholders are divided as to whether a true business recovery is under way in the long-suffering global telecommunications industry, although it has shown modest signs of recovery over the past two years, a global study by Ernst amp; Young shows.


Execs have mixed opinions on telecom prospects

MANY senior telecom executives are cautiously optimistic that the worse downturn in the history of telecom industry is coming to an end and it is timely to increase investments selectively.


Rediffusion proposes 23-for-20 bonus issue

REDIFFUSION Bhd has proposed a 23-for-20 bonus issue and an enlargement of its share capital to RM50mil from RM20mil currently to facilitate the bonus issue.


AIA sees RM30mil new premiums from latest insurance plan

AMERICAN International Assurance Co Ltd (AIA Malaysia) is confident of posting RM30mil in new premiums by the end of this year from its latest I>AIA Lifestyle 5/Iinsurance protection plan.


News in brief

News in brief on Crest Petroleum, YCS Corp and Exovest.