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Business 18 Apr 2003 | 12:00 AM

Cash-rich Cathay can withstand SARS

Cathay Pacific Airways Ltd may be #8220;haemorrhaging#8221; US$3mil a day, but its financial position is nowhere as precarious as that of its code-sharing US partner American Airlines, which narrowly avoided a massive bankruptcy filing at mid-week when flight attendants joined two other unions in approving sweeping wage concessions to help turn the airline around.

Business 18 Apr 2003 | 12:00 AM

Full-service offshoring to be trend

AS #147;offshoring,#148; which involves the relocation of business functions to lower cost bases, gathers momentum, the types of functions will expand to include all kinds of business processes.

Business 15 Apr 2003 | 12:00 AM

Foreign business news in brief

Foreign business news in brief including from Sydney that AMP Ltd has agreed to sell A$2.8bil in residential mortgages and property finance loan assets in Australia and New Zealand, as part of the ongoing restructure of its AMP Banking business.

Business 14 Apr 2003 | 12:00 AM

More Islamic products seen in the market

THE Islamic capital markets offer a range of products with an international appeal to suit the financial needs of issuers, but most Malaysian issuers have not bothered to venture beyond the Bai Bithaman Ajil (BBA) (deferred payment sale) type of issuance such as BBA Islamic debt issuance (BaIDS) or the Murabaha commercial paper/medium term notes programme.

Education 13 Apr 2003 | 12:00 AM

Brainstorming on role of English

THE Malaysian English Language Teaching Association (Melta) has a daunting task ahead #8211; organising a nationwide think-tank on I>The Role of English Language in Nation-building/I>.

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 11 Apr 2003 | 12:00 AM

M’sia scores as offshore financial services location

Malaysia has been identified as a promising offshore location for financial services in the developed world, which is expected to transfer about two million jobs to low-cost bases abroad over the next five years.

Business 09 Apr 2003 | 12:00 AM

China Eastern earnings plunge

China Eastern Airlines Corp Ltd, the country's second largest carrier, has reported an 84% plunge in its 2002 net profit and warned of turbulence ahead.

Education 06 Apr 2003 | 12:00 AM

Going far with words

LONDON awaits the two winners of the English Speaking Union (ESU) Malaysia#8217;s Public Speaking Competition 2003, Mia Germain-Palencia and Jean Lee.

Business 04 Apr 2003 | 12:00 AM

New forex settlement system helps reduce risk

IT HAS been described as #147;a revolution#148; which will reduce risk and lower costs for a global foreign exchange (forex) trading system that has remained largely unchanged for the past three centuries.