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EDARAN Otomobil Nasional Bhd (EON) and Perusahaan Otomobil Nasional Bhd (Proton) have finally reached an agreement on the distribution of Proton vehicles, which will allow EON to continue distributing Proton vehicles until Dec 31, 2009, with a minimum allocation of 100,000 units per annum.
As Asians get richer, more are turning to fund managers to help them manage their money
THE estate life is not quite Tan Sri Abdul Khalid Ibrahim's cup of tea. He admires the planters' I>esprit de corps/Iand marvels at how well they have settled in at the estates, but he admits that he is not suited for such a lifestyle. The Kumpulan Guthrie Bhd's group chief executive officer recalls a typical visit: #8220;After two nights, the I>burung hantu/I(owl) was already getting on my nerves.#8221;
A QUICK resolution to the US-Iraq war is expected to enhance the demand for equity funds while re-ducing demand for bond and fixed income funds, according to industry players.
THE KL stock market closed yesterday with a near-1% or 6-point dip on mounting fears that war would erupt in the Middle East any time this week.
BizWeek asked SP's Investment Services managing director for Asia Pacific William J. Reidy, a few questions on factors investors should keep in mind during this selection process and how best to gauge an asset management company's performance.