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WTO upholds Brazil's complaint over US aid to cotton farmers
The World Trade Organisation on Thursday upheld a ruling condemning government help for cotton producers in the United States, saying that many U.S. programmes include illegal export subsidies or domestic payments that are higher than permitted by WTO rules.
Ties that bind MAS and SIA
It was a sentimental occasion. That was how Singapore Airlines (SIA) chief executive officer Chew Choon Seng described the signing of the code-share agreement with Malaysia Airlines (MAS).
Citigroup joins bid for South Korean oil refinery
Citigroup Inc is offering to buy South Korea's Inchon Oil Refinery Co Ltd for 780 billion won (US$756.5mil), possibly scuppering a stalled bid by Chinese suitor Sinochem Corp, a source at the refiner said.
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.
Brahim’s goes places with latest pouch-packed sauces
Brahim's - the leading ready-to-serve packed sauce and food - a household name in Malaysia has now gained the attention of Europeans.
CEO Outlook 2005: Air of confidence despite challenges
Malaysia Airlines managing director Datuk Fuaad Dahalan is confident that the tourism industry will recover in the short term, as various governments and the international community are focussed on rebuilding the affected territories damaged by the tsunami disaster. Boustead Properties Bhd has just opened The Curve retail centre in Mutiara Damansara and is pleased with the response. Executive director Datuk Ghazali Mohd Ali finds this an exciting year for retail.
Good times in store for oil and gas industry
Prospects for the oil and gas sector are bright. Petra Perdana Bhd executive chairman and CEO Tengku Datuk Ibrahim Petra sees bright prospects against significant oil finds. For Petra, the growth sectors would be brown field redevelopment, marine and exploration and production services. SapuraCrest Petroleum Bhd will continue to be busy in 2005. Executive vice-chairman Datuk Shahril Shamsuddin sees the global demand for energy rising rapidly and expects the company's clients' activity levels to follow in tandem. For Tengku Daud Shaifuddin, executive director of Perisai Petroleum Teknologi Bhd, industry prospects were boosted by the recent rises in crude oil prices. Additional investment in the sector augur well for Perisai which has been charting tremendous growth over the past five years.
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.
Fast Track seeks to expand IT services globally
FAST Track Solutions Holdings Bhd, en route to a Mesdaq listing, is expanding its services to regional and global markets.
Rising euro, slowing growth, worry Europeans
European Union officials Monday urged the United States to curb its deficits to help bolster the sagging US dollar amid fears a strengthening euro would stifle Europe's fledgling economic recovery.
