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Business

Nanjing attracts tourists with culture and history

NANJING, with its rich cultural heritage and history, has long been an attraction for tourists from all over the world.

Business

Apollo using rights funds to buy machines

APOLLO Food Holdings Bhd will utilise RM24.3mil of proceeds from its rights issue to buy new machinery instead of building two new plants as planned earlier.

Business

Apex sees 15% rise in sales

APEX Healthcare Bhd is optimistic of the potential of the country's healthcare industry and is looking at an annual 15% growth in sales, according to managing director Dr Kee Kirk Chin.

Business

Water stocks outdo rally in oil and gas counters

IT is said that oil and water don't mix but stocks involved in basically any aspect of the water industry have seen a run-up in recent weeks akin to that of the spectacular bull run involving the oil and gas counters.

Business

Bank Negara to issue three more Islamic bank licences

BANK Negara announced Thursday plans to issue up to three new licences to qualified foreign players to set up Islamic banking operations locally by next year to further liberalise the Islamic banking sector.

Business

Time to remit foreign income back home?

AGAINST the backdrop of the ever growing local industries as well as the importance of domestic investments being a new catalyst to the Malaysian economy, the national Budget 2004 has been announced.

Business

SEC wants details of NYSE chairman’s pay package

B>NEW YORK:/BThe top US securities regulator is seeking details of the US$140mil in compensation doled out to New York Stock Exchange (NYSE) chairman Richard Grasso, saying it raised many questions about the way the exchange was governed.

Business

Discontent rises against terminal migration organisation appointee

THERE has been strong discontentment in the local payments card industry since the announcement by Rhythm Consolidated Bhd in early June that it had been appointed sole terminal migration organisation (TMO) for the EMV (Europay MasterCard Visa) migration exercise. And the situation may just get unpleasant.

Business

3S formula proposed for mineral sector

MALAYSIA can achieve a turnaround in its mineral industry in 5 years through strategic changes, Malaysian Chamber of Mines president Datuk Mohd Ajib Anuar said yesterday.

Business

News in brief

News in brief on Suria Capital, SCK Group, Uda Holdings, Leong Hup. MA holdings, Data Prep and PNB.