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Business 16 Apr 2003 | 12:00 AM

Government needs to address problems of tourism, says Matta secretary-general

THE tourism industry in Malaysia is an important sector of the economy and the Malaysian government should take a good look into the problems of the industry, especially in light of recent challenges like the Iraq war and the Severe Acute Respiratory Syndrome (SAR) outbreak, said Malaysian Association of Tour and Travel Agents (Matta) secretary-general Datuk Mohd Khalid Harun.

Business 16 Apr 2003 | 12:00 AM

Have a well-diversified plan, unitholders told

INVESTORS should stick to their original long-term investment plans instead of switching between different funds in light of the market volatility and the US-led war in Iraq, MBf Unit Trust Management Bhd chief executive officer Peter Wong Say Fun said.

Business 16 Apr 2003 | 12:00 AM

NEAC confident Malaysia can meet projected growth rate

THE National Economic Action Council (NEAC) remains confident that Malaysia will achieve the projected 4.5% growth in gross domestic product (GDP) this year even though a number of research bodies have scaled down their projections to below the government#039;s revised forecast.

Business 16 Apr 2003 | 12:00 AM

Airlines sound mayday call

A grouping of Asia-Pacific airlines urged governments yesterday to cut airport fees and other charges and consider providing war risk insurance to prevent the industry#8217;s collapse from the impact of the Severe Acute Respiratory Syndrome (SARS) outbreak.

Business 17 Apr 2003 | 12:00 AM

Kossan expects current-year turnover to rise 10%

RUBBER products manufacturer Kossan Rubber Industries Bhd expects a 10% increase in turnover to RM168mil for its financial year ending Dec 31, 2003.

Business 17 Apr 2003 | 12:00 AM

Intel posts US$915mil Q1 earnings

Intel Corp has reported better-than-expected first-quarter results despite fears that weak flash memory sales would offset strength in its computer microprocessor business.

Business 17 Apr 2003 | 12:00 AM

Seni Jaya sees growth in ad revenue

SENI Jaya Corp Bhd expects its advertising business to grow by between 3% and 5% in revenue and pre-tax profit this year, according to deputy managing director Anne Teo.

Business 17 Apr 2003 | 12:00 AM

UAC details use of cash reserves

UAC Bhd will spend part of its RM135mil cash on new business ventures and improving plant efficiency, said managing director Li Heng Tiong

Business 17 Apr 2003 | 12:00 AM

Manufacturing sales for February up 17% to RM25.8bil

MANUFACTURING sales grew 17.3% year-on-year in February to RM25.8bil from RM22bil previously, according to the latest figures released yesterday by the Statistics Department.

Business 18 Apr 2003 | 12:00 AM

China GDP growth for first quarter hits 9.9%

China#8217;s economy grew 9.9% year-on-year in the first quarter 2003, the fastest pace in six years, but the deadly Severe Acute Respiratory Syndrome (SARS) outbreak is casting a pall over future growth prospects.