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Lifestyle

The X-factor

THE hottest three-letter acronym (TLA) in the motoring industry in recent years has been SUV, coined by the Americans for their beloved Sports Utility Vehicles. Since nearly all major car makers thrive or dive according to their well-being in the US market, every marque just has to have an SUV, or several, in its line-up.

Business

Asia Unit trust declares 3 sen cash payout

ASIA Unit Trusts Bhd (AUTB), a subsidiary of Malaysian Industrial Development Finance Bhd (MIDF) Group, has declared a gross distribution of 3 sen cash payout or 8.4% to the unit-holders of its AUTB Dana Bakti (ADB) for the financial year ended June 15, 2004.

Business

ADB focuses on financing business in Asian economies

Its mandate is to lift Asians out of poverty but its strategy is strictly business - financing business, that is.

Business

ADB meeting ends, China's push to slow economy tops discussions

China vowed Monday to slow down its economy gradually so that growth in neighboring countries won't suffer, as the Asian Development Bank wrapped up its annual meeting aimed at integrating the region's markets and reducing poverty.

Business

ADB says no consensus among nations to admit North Korea

North Korea wants to join the Asian Development Bank to seek economic aid for its impoverished people, but the bank's member nations are split on whether to admit the isolated communist nation, the ADB's president said Monday

Business

ADB: Malaysia's GDP to grow 5.8%

Malaysia's gross domestic product (GDP) is expected to grow 5.8% this year on strong export demand and private consumption and a slower 5.6% next year on further fiscal tightening, the Asian Development Bank (ADB) said.

Business

Asia’s huge reserves pose risk to growth, says ADB

Fixed exchange rates for the yuan and other Asian currencies and soaring foreign reserves in the region may spark a financial crisis such as the one in 1997-98 that brought recessions to six of the top 10 Asian economies, the Asian Development Bank said.

Business

ADB says Sri Lankan economy to grow 5%

The Asian Development Bank expects Sri Lanka's economy to grow 5 percent in 2004 and 5.5 percent next year if political uncertainty doesn't slow down economic reforms.

Business

ADB: Regional economy to grow 6.8% this year

Economic growth in developing Asia is expected to hit 6.8 percent this year on brisk interregional trade and consumer spending, the Asian Development Bank said Wednesday.

Business

India's economy buoyant

India's economy should expand 7.4 percent in the 2004-2005 fiscal year, powered by the tourism and communications sectors, the Asian Development Bank said Wednesday.