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Business 24 Mar 2005 | 12:00 AM

More liberalised environment

DOMESTIC banking institutions are well poised to operate in a more deregulated and liberalised environment as envisioned under the second phase of the Financial Sector Masterplan (FSMP) now that the financial sector restructuring programme is completed and the foundation for a resilient banking system in place, Bank Negara said.

Business 24 Mar 2005 | 12:00 AM

Bank Negara unveils plan for investment banks

Bank Negara announced Wednesday the framework for the creation of investment banks, which involves rationalising the operations of merchant banks, discount houses and stockbroking companies within a single banking group into one entity.

Business 24 Mar 2005 | 12:00 AM

RM11.8b profit for banking system

THE banking system recorded preliminary unaudited pre-tax profits of RM11.8bil for calendar year 2004, up 16.1% than the preceding year.

Business 24 Mar 2005 | 12:00 AM

Analyst's Views: Framework is a step forward

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Business 23 Mar 2005 | 12:00 AM

S. Korea 2004 GDP growth misses forecasts

South Korea's economy grew a slower-than-expected 0.9% in the fourth quarter 2004, data showed yesterday, but rising private consumption suggests growth is more balanced now.

Other Sport 22 Mar 2005 | 12:00 AM

Real keep title race alive with slim win

Real Madrid kept the Primera Liga title race alive by beating Malaga 1-0 in the Bernabeu on Sunday, reducing Barcelona's lead at the top to 11 points.

Nation 22 Mar 2005 | 12:00 AM

King wants economic growth to continue

The Ninth Malaysia Plan, to be tabled in Parliament soon, should continue to focus on a robust, resilient, fair and just economic development, Yang di-Pertuan Agong Tuanku Syed Sirajuddin Syed Putra Jamalullail said.

Business 22 Mar 2005 | 12:00 AM

Litrak shares close higher on steady recovery

SHARES of Lingkaran Trans Kota Holdings Bhd (Litrak) closed 7 sen higher at RM2.41 yesterday on volume of 35,500 units as they continued their steady recovery from recent lows.

Business 22 Mar 2005 | 12:00 AM

Deficit narrows to 4.3%

MALAYSIA'S budget deficit narrowed at a faster-than-expected pace last year, amid stronger economic growth and as the Government sold assets and cut spending on infrastructure.

Business 19 Mar 2005 | 12:00 AM

Goldman and Morgan Stanley report higher profits

Surprisingly resilient bond market revenue helped Goldman Sachs Group Inc and Morgan Stanley report higher quarterly profits that exceeded expectations, capping a strong earnings week for Wall Street's biggest investment banks.