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China in balancing act at G8 summit

EDINBURGH (Reuters) - The G8 summit this week has illustrated Chinese President Hu Jintao's balancing act -- to edge closer to superpower status while not giving up the traditional role of a developing country.


Singapore's unemployment rate rises

Singapore's unemployment rate rose to 3.9 percent in the first quarter, the government said Wednesday, as lower economic growth forced slower job creation.


Better returns towards year-end

FUND managers are adopting a cautious approach in their investments in the sluggish equity market although several strongly believe the market will improve towards the end of the year.


Zeti: Banks’ exposure to share financing within limits

BANK Negara is fully aware of the losses some banks have incurred following the collapse of speculative and overvalued stocks on Bursa Malaysia but said share financing only constituted a small percentage of total loans and did not pose a risk to the financial sector.


PM: Use foreign reserves for infrastructure development

Malaysia has proposed the setting up of an Asian Infrastructure Development Fund to finance projects in the region.


Worldwide business cools but growth still brisk

Businesses around the world felt the pinch from rising energy costs last month, according to surveys of some 10,000 executives, but the weakness was concentrated in manufacturing and global growth remains brisk.


Unilever focuses on emerging markets

Anglo-Dutch consumer goods giant, Unilever, is focusing on emerging markets in its quest for stronger global growth after implementing structural changes, a senior company executive said on Thursday.


Analyst's Views: Framework is a step forward

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Growth of global economy likely to moderate

BOTH official and private estimates suggest that global economic performance is likely to moderate this year due to higher sustained oil prices and increasingly tighter monetary conditions.


Second satellite terminal at KLIA

A SECOND satellite terminal building is to go up at the KL International Airport (KLIA), and be operational by 2008, to cater to the growing traffic in air travel, Malaysia Airports Holdings Bhd (MAHB) managing director Datuk Bashir Ahmad said