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An RM50 #8216;investment#8217; for an RM500,000 Porsche sports car has been the talk of the town, reports LI EE KEE.
THE tourism sector got a big boost in the Budget 2004 estimates where hotel and tourism project operators will receive pioneer status and investment tax allowance up to 100%.
Top priorities for Budget 2004 on fiscal policy should include continuous development, upgrading and investment in infrastructure, continued investment in research and development (RD) for the ICT industry, and encouragement of foreign direct investment, says Mark Stevens, Nortel Networks vice-president, Asean/Pakistan.
The Malaysian Association of Asset Managers (MAAM), other Malaysian licensed fund managers and the Securities Commission (SC) recently met to review suggestions and comments on the possibility of upgrading existing industry practices, regulations and guidelines in the local fund management industry to prevent or lessen the chances of breaches of securities laws.