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Business 16 Jul 2003 | 12:00 AM

Foreign business news in brief

Foreign business news in brief including 'Opec may cut oil output by year-end'

Business 17 Jul 2003 | 12:00 AM

Greenspan vows to keep rates low

US Federal Reserve chairman Alan Greenspan has vowed to keep interest rates low for a long time even as he predicted a hearty economic recovery.

Business 17 Jul 2003 | 12:00 AM

Support Line

K.M. Lee writes on K. Emas, Petaling Tin and Resorts World.

Business 17 Jul 2003 | 12:00 AM

Manufacturing sales 5.2% higher to RM26bil in May

SALES in the manufacturing sector increased by 5.2% or RM1.3bil to RM26.4bil in May from RM25.1bil a year ago. It was also higher by 0.8% or RM0.2bil than the RM26.2bil reported in April.

Business 17 Jul 2003 | 12:00 AM

Upgrade on Japanese economy

The Bank of Japan (BoJ) has offered a slightly improved assessment of the Japanese economy, saying that although economic activity remains flat it no longer sees signs of weakness in exports.

Business 17 Jul 2003 | 12:00 AM

Samsung profit slumps on weak chip prices

South Korean technology giant Samsung Electronics Co Ltd reported yesterday a 41% slump in second-quarter profit as prices for its mainstay memory chips and flat panel computer screens crumbled.

Business 17 Jul 2003 | 12:00 AM

News in brief

News in brief on Cahaya Mata, Granite Industries, Southern Bank and PBA Holdings.

Nation 17 Jul 2003 | 12:00 AM

Halt to export of mangrove woodchips

The authorities have stopped the export of mangrove woodchips after it was found that importers who bought them cheaply were processing them into the high-priced rayon synthetic fibre, widely used in the fabric and tyre industries.

Business 18 Jul 2003 | 12:00 AM

Despite SARS, China GDP still growing at hot pace

China#8217;s gross domestic product (GDP) grew a stunted 6.7% in the second quarter from a year ago #8211; the slowest pace in 12 years #8211; as the deadly SARS outbreak made a sharp but transient impact on the world#8217;s sixth biggest economy.

Business 19 Jul 2003 | 12:00 AM

Property sales to pick up in H2

PROPERTY sales, which have improved in the second quarter, are expected to pick up steam in the second half of this year, with the return of confidence in the economy and strong showing of the KLSE, industry players said.