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Business 16 May 2003 | 12:00 AM

Hup Seng can maintain quality in the face of higher costs

HUP Seng Industries Bhd sees competition in the local biscuit-making industry becoming more intense every year with the prices of raw materials and fuel going up.

Business 16 May 2003 | 12:00 AM

SARS-hit Asian govts meet to save travel industry

B>CLARK (Philippines):/BOfficials from China and 11 other Asian countries met here yesterday to agree on tough new regulations for screening air passengers as the region battles to halt the spread of the SARS virus.

Business 15 May 2003 | 12:00 AM

RM50mil more to finish highway

CONSTRUCTION group MTD Capital Bhd is forking out RM50mil from internal funds to ensure completion of the long-delayed Package 2 of Malaysia#039;s second East-West Highway project by year#039;s end.

Business 15 May 2003 | 12:00 AM

On the move

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 08 May 2003 | 12:00 AM

Palm oil sector to counter European smear campaign

THE local palm oil industry, with the assistance of the Malaysian government, will be taking steps to counter the rising anti-palm oil and anti-tropical oil sentiment in northern Europe similar to the smear campaign by the American Soybean Association (ASA) in the late 1980s.

Business 08 May 2003 | 12:00 AM

Cisco reports higher profit, but expects flat revenue

Cisco Systems Inc, the world's No. 1 maker of equipment that directs Internet traffic, has posted its second-best quarterly net profit on record amid a weak corporate spending environment, but said sales likely would not rise in the current quarter.

Business 08 May 2003 | 12:00 AM

June rate cut expectations pressure the US dollar

RISING expectations of a cut in US interest rates next month, following the Federal Reserves' warning of a possible weakening in the US economy, have exerted further pressure on the US dollar.

Business 07 May 2003 | 12:00 AM

Great Eastern launches first insurance policy for SARS

GREAT Eastern Life Assurance (M) Bhd has launched the country's first insurance policy for SARS (Severe Acute Respiratory Syndrome), providing a one-off cash payment of RM5,000 to policyholders diagnosed to have the disease and treated either in Malaysia or Singapore.

Business 07 May 2003 | 12:00 AM

Bio-Young to spend RM6mil on advertising

HEALTH products maker and distributor Bio-Young (M) Sdn Bhd will spend RM6mil on advertising and promotions this year to further strengthen its leadership in the local anti-ageing food supplement market.