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Massive stimulus plans to drive the world out of recession took centre stage yesterday with Europe considering a more than 200 billion euro boost and China announcing its biggest interest rate cut in a decade.
Ten banks have reduced their fixed deposit (FD) rates following Bank Negara's recent cut in the key interest rate.
ARAB-MALAYSIAN Corp Bhd (Am-corp) plans to divest non-core assets to strengthen its financial position and give more focus to its business as it attempts to narrow the gap between its share price and revalued net asset backing of RM1.30 a share, managing director Soo Kim Wai said.
EBWORX Bhd, which was listed on Bursa Malaysia's Mesdaq market less than a year ago, is confident of achieving some 50% increase in revenue to RM56mil for the year ending Dec 31, 2005, from RM37mil last year, chief executive officer Tan Suan Fong said.
WHILE emerging East Asia economies look relatively well-placed to manage any sudden reversal in capital flows, policymakers in this fast-growing region have to always maintain their vigilance on the effect of such risks, according to a newly published report by the Asian Development Bank (ADB).