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Incentives galore including RM215m to boost tourism
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%.
Two-year contract extension for Petra Resources
PETRA Perdana Bhd's wholly-owned subsidiary Petra Resources Sdn Bhd has accepted ExxonMobil Exploration and Production Malaysia Inc (EMEPMI)'s offer for extension of the retrofits and host tie-in contract for two years.
Continuing investment in ICT sector R&D
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.
Joint bid by Libya, Tunisia
Libya and Tunisia launched a joint bid on Friday to co-host the 2010 football World Cup, due to be held in Africa for the first time.
Meeting to improve fund management practices
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.
Workshop to help participants get ‘connected’ with their PCs
Participants of the 'PC for the non-PC Savvy' workshop organised by Star Publications (M) Bhd are expecting to learn to get the best out of the information highway when they attend the workshop on Sept 7.
Petaling Street to get a boost
The popular and bustling Petaling Street here will be promoted as an international tourist spot and retain its character even after upgrading work has been carried out, said Prime Minister Datuk Seri Dr Mahathir Mohamad.
Waning spirits over getai gigs
While Penang folk are complaining that the spirits must be angry this year because scantily-clad entertainers are hogging the spotlight in Phor Thor (Hungry Ghost Festival) stage shows, Singapore#8217;s I>getai /I>shows which often feature singers wearing sexy costumes have not been catching on. KARL HO says the ghosts may be hungry but they might have to look for entertainment elsewhere as the aftermath of the SARS outbreak and SIngapore's struggling economy have resulted in fewer I>getai/Igigs.
CM: Airport upgrading to begin soon
Work to upgrade the runway at the Batu Berendam Airport here is scheduled to begin at the end of the year, Chief Minister Datuk Seri Mohamed Ali Rustam said.
