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Vehicle sales this year to match last year's

BARRING major surprises in the government's automotive policy statement or detailed plans for the sector's entry into the Asean free trade area (Afta) in 2005, total vehicle sales this year should match if not marginally outstrip last year's 435,000 units, according to industry observers.

Strong payouts charm investors

SEVERAL well-known companies on the KLSE have recently announced larger dividends along with their latest quarterly results, sparking expectations that other companies within the same cluster of businesses may also increase such payouts.

News in brief

News in brief on Japan firms in Airbus supply deal.

BP-PanGlobal tie-up to boost EZ card membership

BP MALAYSIA Sdn Bhd is confident its collaboration with PanGlobal Insurance Bhd will boost the company#039;s active EZ card member base to 400,000 by the year-end from 350,000 currently.

Foreigners face uphill battle to sell cars in the tough Japanese market

On the surface, the Ja-panese seem to love anything foreign: they buy the most Louis Vuitton bags in the world, watch the most Hollywood movies outside the US and sprinkle their ads with English slogans.

Keep an eye on Asia stocks

Whatever happened to Asia? Last time I looked, 3.5 billion people lived there -- three times as many as in North America and Europe combined. Asia is the fastest-growing part of the world and already accounts for one-quarter of all global economic output. Yet Asia gets almost no respect from US investors.

Foreign business news in brief

Foreign business news in brief including from Hong Kong That China Resources Power (CRP) is reportedly buying four mainland power plants from Sithe, an independent power producer under French-American media group Vivendi Universal.

Asian stocks to rise 20%-30% once Iraqi crisis is over: ING

Asian stocks are expected to rise by 20-30% once a clear resolution has emerged over the crisis in Iraq, and Korean and Taiwanese companies are expected to outperform, ING Financial Markets said.

What lies ahead for the auto sector

It was expected. Year 2002 was indeed a record-breaking year for the automobile industry. Vehicle sales grew 9.7 per cent to 434,954 units. This year too in terms of volume, most expect sales (in units) to reach an all-time high (with one or two contrarian points of view), with an estimated growth of 3.5 per cent to 4 per cent.

Honda awaits Afta details before planning exports

HONDA Motor Co Ltd will await details of the tax structures under the Asean Free Trade Area (Afta) regime before embarking on plans to export CR-V Honda cars manufactured at its RM170mil plant in Pegoh, Malacca, to the other Asean countries.