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AmBank fund to reach RM300m
AmBank (M) Bhd is set to double the size of its newly-launched foreign investment-based unit trust fund, I>AmGlobal Property Equities Fund,/Ito RM300mil by year-end from RM150mil currently.
Mier forecasts 2006 GDP growth at 5.5%
The Malaysian Institute of Economic Research (Mier) estimates GDP growth for 2006 to edge up to 5.5% due to firmer commodity prices, a rebound in the electronics sector and a resilient domestic demand.
Yan Zi and Mirza show the way on Day Two
China's Yan Zi and India's Sania Mirza spearheaded Asia's charge at the Australian Open yesterday, with five players from the region safely into the second round.
US stocks close down on downgrades, profit taking
NEW YORK: Stocks posted their first noteworthy losses of 2006 Thursday as analyst downgrades of two Dow Jones industrials and rising oil prices prompted investors to take profits one session after the major indexes reached new multiyear highs.
British officer blisters U.S. Army in Iraq critique
WASHINGTON (Reuters) - The U.S. Army has displayed damaging cultural insensitivity in Iraq, while being blinded by unrealistic optimism and predisposed to use maximum force, a senior British officer wrote in a blistering appraisal in a U.S. military publication.
Business built on trust, friendship
Business partners Steven Tan and Kenneth Kuan, have been in the glove-making industry over the last five years. In the first of a new series Young Persons to Watch, appearing every Saturday, they talked to YEOW POOILING on how they started the business, their opinions of each other, as well as their vision for the company.
Sounding out
Fringe selections or not, the I>Street Roar 2006/Iindependent music festival promises to get the live scene buzzing with excitement, writes DARYL GOH.
Airocom eyes foreign deals
Wireless communications and software services provider Airocom Technology Bhd, en route to a Mesdaq Market listing next month, is set to venture abroad this year, chief executive Jalaluddin Jaffar said.
Singapore's economy grew 7.7% in fourth quarter
SINGAPORE: Singapore's economy expanded at a faster-than-expected 7.7 percent in the fourth quarter from a year ago, benefitting from a rebound in global trade and the city-state's foray into new areas such as biotechnology
