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Business 20 May 2003 | 12:00 AM

China insurers pay 522,000 yuan over SARS

CHINA'S life assurance companies have received 163 Severe Acute Respiratory Syndrome (SARS) related claims as of May 8, and have paid out 522,100 yuan in compensation in 90 cases, the China Insurance Regulatory Commission said.

Business 20 May 2003 | 12:00 AM

Resona bailout sparks fears in financial sector

Anxiety about the health of Japan's banks gnawed at confidence in financial markets yesterday after the government agreed to rescue fifth-ranked Resona Bank but analysts played down the likelihood of a financial system crisis for now.

Business 19 May 2003 | 12:00 AM

Prospects and challenges in asset-backed securities

Aseambankers economist I>Baljeet Kaur Grewal/Iwrites about some fixed income instruments that are gradually coming of age. Besides bonds which have become very popular, the issuance of asset-backed securities is also catching on.

Business 16 May 2003 | 12:00 AM

Tax break for SARS-hit industries

TAXES and administrative fees levied by the Chinese Government on some industries affected by SARS will be waived or reduced.

Business 16 May 2003 | 12:00 AM

Parkway says SARS to hit Q2 results

South-East Asia#8217;s largest private hospital company, Parkway Holdings Ltd, has turned in a 14% higher first-quarter net profit, but warned that the Severe Acute Respiratory Syndrome (SARS) outbreak would hurt its second-quarter results.

Business 14 May 2003 | 12:00 AM

Scomi makes impressive debut

OIL and gas engineering specialist Scomi Group Bhd made an impressive debut on the KLSE second board yesterday, with its shares closing at RM2.01 #150; 63 sen or 46% higher than its initial public offering (IPO) price of RM1.38.

Business 13 May 2003 | 12:00 AM

Minister: Intensify German-M’sian SME ties

GERMAN Economic and Labour Minister Wolfgang Clement has called for greater co-operation between German and Malaysian small- and medium-sized enterprises (SMEs).

Business 13 May 2003 | 12:00 AM

PJI expects to maintain profit

PJI Holdings Bhd expects its performance in the current financial year ending June 30 to match last year#039;s results, chief executive officer and managing director Lee Peng Joo said.

Business 13 May 2003 | 12:00 AM

News in brief

News in brief on Ahmad Zaki Resources, Balfour Beaty. MMC, UCI and Ramatex.

Business 12 May 2003 | 12:00 AM

PPB evolving into global giant

THE low profile PPB Group Bhd, a Malaysian flagship company of the Kuok family, is evolving into a global conglomerate as it continues to cultivate future growth.