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Business 05 Mar 2003 | 12:00 AM

Favourable OECD report boosts Aussie to 3-year high

The Australian dollar powered through 61 US cents to a three-year high yesterday after the Organisation for Economic Co-operation and Development (OECD) praised Canberra for its sound management that made Australia one of the world#039;s best performing economies.

Business 05 Mar 2003 | 12:00 AM

Official: Citibank growing in step with the nation

Citibank Malaysia considers its business and growth in the country as a major success story and plans to actively participate in its next wave of growth in services and Islamic banking.

Business 07 Mar 2003 | 12:00 AM

Strong aviation earnings help lift Swire Pacific 2002 net profit

Swire Pacific Ltd, one of Hong Kong's oldest trading houses and also one of its major commercial landlords, reported a 31.1% jump in annual net profit yesterday as higher contributions from its aviation business offset weaker property earnings.

Business 08 Mar 2003 | 12:00 AM

High-end travel companions

It is hard to resist the urge to spend, acquire and accumulate, particularly when businesses are clamouring to tell us what we should buy.

Business 09 Mar 2003 | 12:00 AM

Hornbill Skyways to take over Vision Air

An aviation company owned by the Sarawak Government - Hornbill Skyways - will take over all of Vision Air's flights when it ceases operations at the end of this month.

Business 12 Mar 2003 | 12:00 AM

Nepal airline hopes for daily KL flights

Royal Nepal Airlines is hoping to have daily flights between Kathmandu and Kuala Lumpur in two years.

Business 14 Mar 2003 | 12:00 AM

Foreign business news in brief

Foreign business news in brief including Michelin#8217;s big plans for Shanghai deal, ING set to score a first in China, Hynix to spend US$100m on US facility. and Boeing resumes work on jetliner.

Business 16 Mar 2003 | 12:00 AM

Ready to cut bank rates in case of war

Countries from India to Australia may have to cut interest rates and raise government spending to buffer their economies from a decline in trade and consumer spending that#8217;s likely to result from a war in Iraq, investors say.

Business 17 Mar 2003 | 12:00 AM

KL remains important to Cathay

MALAYSIA remains an important market for Cathay Pacific Airways although it has no immediate plans to mount additional flights here, said its deputy director and chief operating officer David Turnbull.

Business 22 Mar 2003 | 12:00 AM

Virgin Blue likely to put off listing on ASX

Richard Branson's Australian airline Virgin Blue, originally tipped to go public by June, is likely to put its float on ice until prospects pick up for the battered aviation sector.