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East Asia's economic growth this year should be the strongest since the Asian financial crisis, despite high oil prices and slowing export growth in the second half, the Asian Development Bank (ADB) said yesterday.
After Malaysia's call for an East Asia Economic Grouping came the East Asia Economic Caucus and then Asean+3, all different names for the same countries doing the same things. Now comes the Asia-Europe link to help both Europe and East Asia regionalise.
SOUTH-EAST ASIAN countries including Malaysia are expected to enter a new investment cycle with signs of a recovery in foreign direct investment (FDI) flow into the region.
THE large corporates in Malaysia are bullish about 2005. Tenaga Nasional Bhd (TNB) president and CEO Datuk Che Khalib Mohamad Noh expects the utility giant to continue to shine and deliver. Malaysia International Shipping Corp Bhd (MISC) is somewhat insulated from external market volatilities, says MD and CEO Datuk Shamsul Azhar Abbas. Genting Bhd chairman, president and chief executive Tan Sri Lim Kok Thay has plans to further widen the scope of the group's investment.
THE Malaysian Institute of Economic Research (Mier) has projected a moderate gross domestic product (GDP) growth of 5.7% for the country next year.
THE 6% growth projection for next year is very respectable, considering the uncertainties in the global economy, Public Bank Bhd said in its latest economic review.
SENAI Airport Terminal Services Sdn Bhd (SATS) has appointed Copenhagen-based WingPartners its representative in Europe to lure European air-cargo players to use the Senai International Airport.
AFTER six months of consolidation in the local stock market, the bulls believe that it is indeed time to start accumulating fundamentally strong stocks now before the crowd comes in to push up share prices.
The global economy should register its strongest growth in three decades this year despite soaring oil prices, which are expected to restrain the US expansion a bit, the International Monetary Fund said on Wednesday.
Three fund managers and a share placement director came to Menara Star on Monday for a roundtable discussion of the stock market outlook for the fourth quarter. Excerpts of the discussion.---------------------------------------------