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Business 08 May 2003 | 12:00 AM

Qantas - another profit downgrade

Qantas Airways Ltd said yesterday the Severe Acute Respiratory Syndrome (SARS) virus had bitten deeper into its business, forcing it to axe more staff and further shave its profit forecast for 2002/03.

Business 09 May 2003 | 12:00 AM

Quantaflex to tap local market

Electroluminescene (EL) lighting manufacturer Quantaflex SEA Sdn Bhd may have felt the rippling effects of the global electronics industry slowdown but it has rebounded by changing its focus to the local market instead and targeting potentially lucrative market segments it previously had no opportunity to address.

Business 12 May 2003 | 12:00 AM


Izwan idris writes on Amcorp, CIMB, Courts Mammoth, Lion Corp and Transmile.

Business 14 May 2003 | 12:00 AM

Foreign business news in brief

Foreign business news in brief: New Indonesia central bank head, Intel and Yahoo in sponsorship deal, and CNOOC thwarted in Kazakh project.

Business 14 May 2003 | 12:00 AM

Surprise tax cut in Aussie budget

Australia#8217;s conservative government pulled a surprise income tax cut out of a healthy, post-Iraq war budget yesterday in an apparent bid to sweeten voters and keep the economy moving forward as the world economy dawdles.

Business 19 May 2003 | 12:00 AM

Cama key figure in HSBC Islamic banking set-up

HSBC Bank Malaysia Bhd deputy chairman and chief executive officer Zarir J. Cama can be best described as one of the key figures in the setting up of HSBC Group#039;s global Islamic banking services.

Business 20 May 2003 | 12:00 AM

AirAsia offers 10% rebate on bookings made via website

MALAYSIA#039;S second airline, the no-frills AirAsia, is offering a 10% rebate on all bookings made via its website to show its appreciation for the support shown by its passengers, said AirAsia chief executive officer Tony Fernandes.

Business 21 May 2003 | 12:00 AM

MAS back in the black after 5 years

MALAYSIA Airlines (MAS) reported its first annual profit in six years #8211; a net profit of RM339mil for the financial year ended March 31, 2003, reversing an RM835mil net loss the year before.

Business 25 May 2003 | 12:00 AM

US stocks rise but bonds dip

Stocks edged higher on Friday, led by dividend-paying stocks after Congress approved a US$350bil tax-cut package, but most bonds fell in thin trading before the long Memorial Day holiday weekend.

Business 28 May 2003 | 12:00 AM

MASkargo on track to achieve 19% growth

MASKARGO, the transportation arm of Malaysia Airline (MAS), is projecting a growth of 19% in revenue for the year ending March 2004, said its senior general manager (cargo) J. J. Ong.