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Moving the process beyond mere words


Bank offers RM114mil aid to Palestine, Iraq

The Islamic Development Bank will provide monetary assistance totalling US$30mil (RM114mil) to Palestine and Iraq for humanitarian and reconstruction efforts there.

Malaysians out in droves for peace run

Some 10,000 Malaysians, including schoolchildren, gathered at Dataran Merdeka here yesterday for the Malaysians for Peace noshade size=2 width=60% align=center>

Free tours for delegates

Tourism Malaysia has lined up several packages in conjunction with the OIC summit to introduce the country's tourist spots to foreign delegates and newsmen.

Jamaluddin: GDP to surpass 4.5% in 2003

Second Finance Minister Datuk Dr Jamaluddin Jarjis said Malaysia's economy could surpass this year's projected 4.5% growth owing to the present upbeat global economic scenario.

Author: Liquidity flow control vital

ASIAN bankers and policy makers have been warned that another financial crisis more devastating than the one in 1997/98 could hit the region if past lessons remain unheeded and the large foreign capital inflows that are returning to Asia evolves into an economic bubble.

More vibrant capital market

THE capital market, comprising equities and bonds, is projected to further expand in line with the stronger economy in 2004.

Global growth prospects still dependent on America

ADVANCED countries registered anaemic growth earlier this year due to the moribund IT sector, weak equity markets, soft labour conditions, low capacity utilisation, terrorism concerns, as well as deflationary risks in Japan.

Hwang-DBS sees RM50m-RM100m sales from new funds

HWANG-DBS Unit Trust Bhd (HDBSUT) expects its two new funds, Hwang-DBS Select Balanced Fund and Hwang-DBS Select Bond Fund, to generate sales of RM50mil to RM100mil by the end of this year, said advisor Teng Chee Wai.'We are quite confident of reaching close to these numbers during the initial offer period of 21 days,' he said.

Australia losing currency cushion

Australia, until recently one of the fastest growing developed economies, faces tougher times ahead as its currency rampages higher and exports flounder.