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M’sia scores as offshore financial services location

Malaysia has been identified as a promising offshore location for financial services in the developed world, which is expected to transfer about two million jobs to low-cost bases abroad over the next five years.


Standard Chartered targeting two-digit growth in SMI loans

STANDARD Chartered Bank Malaysia Bhd sees loans to small-and medium-sized industries (SMIs), which currently totals RM1bil, to grow by double digits this year, general manager for business financial services Loh Gim Chuan said.


SARS-hit S'pore to cut growth target

SINGAPORE will cut its economic growth target of 2.5% this year because of the outbreak of the deadly Severe Acute Respiratory Syndrome (SARS), its Prime Minister Goh Chok Tong said.

AseanPlus News

High costs of SARS piling up

EVERY week the SARS outbreak drags on, at least S$23mil (RM48.3mil) is lost by Singapore from tourists spending and cancelled flights alone #8211; and the wider economic losses could spiral to S$509mil (RM1.07bil) for one month.


Severe blow for sickly HK

THREE weeks ago, at the start of the mysterious pneumonia outbreak, an anonymous e-mail was making its rounds in Hong Kong, warning to wash hands all the time to prevent infection. Most people who received the e-mail had a good laugh. But by Thursday, no one was laughing.


Kington among men

Renowned architect Datuk Kington Loo, who passed away last Friday, left behind a legacy of priceless contributions to his profession and also to environmental conservation and the arts. ALLAN KOAY talks to his friends and associates who knew him well and loved him dearly.


Kington Loo dies at age 73

Renowned Malaysian architect and World Wide Fund for Nature (WWF) Malaysia founding member Datuk Kington Loo passed away Friday from a heart attack.


MAS to act to ensure stability

THE Monetary Authority of Singapore (MAS) said yesterday it was ready to act during periods of volatility to ensure financial market stability.


Adopting a change in mindset

SOME of the major shifts in the world are going to create a very different kind of world in the next 20 years and the ability of younger people to take a longer term view is quite important.


Stanchart Asia seeks expansion

STANDARD Chartered Bank is doing well in Asia, and looking for opportunities to expand.