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Business 10 Apr 2003 | 12:00 AM

Hotels working to counter war and SARS challenge

The Malaysian hotel industry is working out various ways to counter the sharp decline in tourist arrivals and room occupancy arising from the war in Iraq and the Severe Acute Respiratory Syndrome (SARS) outbreak.

Business 11 Apr 2003 | 12:00 AM

Oil World expects CPO prices to hit RM1,600

ISTA Mielke GmbH, a Germany-based publication, maintains that crude palm oil (CPO) prices will spring back to RM1,600 per tonne within the next three months from RM1,450 now.

Business 11 Apr 2003 | 12:00 AM

Knowledge-intensive FDIs more beneficial to the country: Mida

NEW foreign direct investments (FDI) flowing into Malaysia are more knowledge-intensive than capital-intensive and therefore more beneficial to the country in the longer term, said Malaysian Industrial Development Authority (Mida) deputy director-general Datin Kaziah Abdul Kadir.

Business 11 Apr 2003 | 12:00 AM

S'pore GDP up annualised 0.7% in Q1

Singapore#8217;s economy barely grew in the first quarter, raising the spectre of recession as exports and spending shrink from the impact of the Iraq war and the deadly Severe Acute Respiratory Syndrome (SARS) virus, official data showed yesterday.

Business 12 Apr 2003 | 12:00 AM

The importance of timing for the government's economic package

THE waiting continues. It had been widely expected that the government would announce its economic package on April 7. Instead, on that day, Acting Prime Minister Datuk Seri Abdullah Ahmad Badawi said the details would be out only after the government was certain that the situation in Iraq would not warrant changes in Malaysia's economic strategies.

Business 12 Apr 2003 | 12:00 AM

Affin Bank unveils strategy to boost its performance

AFFIN Bank Bhd, the banking arm of Affin Holdings Bhd, yesterday unveiled its main business strategy for this year to further boost its performance as a niche medium-sized bank.

Business 12 Apr 2003 | 12:00 AM

Cathay issues first-ever profit warning

Cathay Pacific Airways issued its first-ever profit warning yesterday as the deadly Severe Acute Respiratory Syndrome (SARS) virus and the Iraq war cut passenger traffic by a third.

Business 12 Apr 2003 | 12:00 AM

Tightening interest margins: erosion of banks’ bottom line?

ALTHOUGH Bank Negara recently indicated that interest rates would stay at the current levels, the main challenge for banks now is still managing with narrowing interest margins, writes the Rating Agency of Malaysia.

Business 12 Apr 2003 | 12:00 AM

It can't get any worse for Abric, can it?

SECURITY labels and seals maker Abric Bhd has definitely seen better times. Its chief financial officer William Soong and chief operating officer (COO) Derek Wong readily admit that the past two years have been nightmarish for the group given that it has had to face one negative force after another.

Business 12 Apr 2003 | 12:00 AM

GDP growth rate may be revised later

BANK Negara#146;s gross domestic product (GDP) growth rate forecast for the country remains at 4.5% for now but could be #147;weaker#148; due to external uncertainties, while interest rates are currently at #147;appropriate levels#148; said its Assistant Governor Datuk Latifah Merican Chong.