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The local business community remains cautious about the likely impact of the Severe Acute Respiratory Syndrome (SARS) outbreak on its activities, even though the World Health Organisation (WHO) said the incidence of SARS has peaked in a number of affected countries.
THE news that ten of Wall Street's biggest investment firms had agreed to pay US$1.4bil in penalties and restitution to settle charges by US regulators that their analysts regularly skewed their research to benefit a few privileged clients at the expense of smaller investors must be cold comfort to millions of individual investors who lost fortunes in relying on such tainted research.
ASIAN stock markets rose yesterday, buoyed by the overnight rally on Wall Street on robust US company earnings and indications that the Severe Acute Respiratory Syndrome (SARS) outbreak may be easing.
DELAYED by four years due to the economic crisis which hit the country in July 1997, Perusahaan Otomobil Nasional Bhd#039;s (Proton) RM2bil state-of-the-art automobile manufacturing plant in Proton City, Tanjung Malim in Selangor, is now firmly back on track.
Economic fallout in Asia from the Severe Acute Respiratory Syndrome (SARS) crisis mounted yesterday as the World Bank cut its regional growth forecast, Hong Kong received a credit rating blow, and investors dumped shares in Asian retailers and exporters to China.
The deadline for migration to chip cards is just about two months away and yet only about a tenth of the automated teller machine (ATM) card base has been converted. In QA Datuk Mohd Hata Robant, MD Malaysian Electronic Payment System (1997) Sdn Bhd (MEPS) responds to come queries.