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More domestic demand

DOMESTIC demand, excluding changes in stocks, is expected to strengthen by 5% and contribute 4.5% to GDP growth this year.

Market regains ground on late bargain-hunting

LATE bargain-hunting gave the KL market a welcome boost yesterday after three consecutive days of losses. The KLSE Composite Index (CI) closed 6.8 points or nearly 1% higher at 743, more than making up for the 6.6 points it lost on Wednesday.

SARS remains a drag on market

THE KL market headed south for the third consecutive day yesterday as the confirmed case of SARS in Singapore provided institutional investors with an excuse to take profit on recent sharp gains in stock prices.

MAS passenger traffic back to pre-SARS level

MALAYSIA Airline's (MAS) passenger load factor returned to its pre- SARS level of 74% last week, reflecting a remarkable recovery in the demand for its services, MAS chairman Tan Sri Azizan Zainul Abidin said.

A smaller budget deficit on the cards

THE Budget 2004 to be presented on Sept 12 is expected to be another deficit budget, though the size may be smaller when compared with the average deficit of 4.5% of gross domestic product (GDP) during the 1998-2003 period, says Dr Rozali Mohamed Ali, Association of Banks in Malaysia chairman.

Taking the MSC to its next logical step

FROM all indicators, the Multimedia Super Corridor continues to grow from strength to strength. Phase Two of the project was launched on Friday and will run until 2010.

asiaEP gets the nod to list on Mesdaq

E-MARKETPLACE service provider asiaEP Bhd has received the KLSE's nod for listing on the Mesdaq market, the company said in a statement.

Olive oil for fitness

THE olive tree is renowned for its fruit from which the beneficial olive oil is derived. But the leaves can work miracles too which is why Biotherm#8217;s latest anti-ageing intensive regenerating cream uses pure olive leaf concentrate.

Disparity doubts

From Amanda

Arroyo: Reyes sacrificed himself

B>MANILA:/BPhilippine defence secretary Angelo Reyes resigned in an 'act of sacrifice' to help calm the restiveness in the country, President Gloria Arroyo's spokesman said yesterday.