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IT has been three years since index constructor Morgan Stanley Capital International (MSCI) announced that it would adjust its equity indices so as to take into account free float levels. Back then, there was some hand wringing among our stock market players over the possibility of Malaysia suffering an exodus of foreign funds.a href=http://biz.thestar.com.my/bizweek/>LI>B>For the full Bizweek reports click here/B>/a>
Datuk Seri Ong Ka Ting has been elected party president and Datuk Chan Kong Choy his deputy by the MCA central committee. They take over from Datuk Seri Dr Ling Liong Sik and Datuk Seri Lim Ah Lek respectively. Ong and Chan pledged to strengthen party unity and work together to serve the party, Barisan Nasional, the Malaysian Chinese community and the country.
The Education Ministry plans to set up five Education Promotion Offices (EPOs) in Vietnam, Indonesia, the Middle East and China to attract a larger number of foreign students from Asia.
Malaysia is well ahead of achieving its target of having 50,000 foreign students by 2010 as it already boasts a foreign student population of over 32,000.