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US move stirs up a storm at UN
The world was shocked last week at how Hurricane Katrina turned an American city into a chaotic mess. In New York, another hurricane was sweeping the United Nations as a United States proposal is putting at risk a UN Summit that will start on Sept 14.
China opts for crawling peg system
CHINA took the world by surprise on July 21, 2005, by revaluing its currency, which has remained pegged to the US dollar since 1994 at around 8.3 yuan to the greenback. Unlike the ringgit, which was on a rigidly fixed exchange rate system, the Chinese yuan's fixture was somewhat less rigid in the sense that tiny variations were still possible within an extremely narrow band of 8.28-8.31 to the US dollar.
Second half looks brighter for cement makers
Several cement manufacturers are having sleepless nights these days, no thanks to price competition and higher production costs.
MPOPC, South Africans in red palm oil drive
The Malaysian Palm Oil Promotion Council (MPOPC) is joining hands with South African scientists to initiate programmes aimed at developing further applications of red palm oil.
Public Bank named Best Retail Bank
Public Bank has clinched the award for the 'Best Retail Bank in Malaysia 2004' for the third time under I>The Asian Banker's/I'Excellence in Retail Financial Services Award Programme''.
Japan's population may shrink faster than expected
Japan's falling birth rate and ageing population have fuelled concerns about future growth in the world's second-largest economy, and experts have previously said the population was likely to start shrinking in 2007.
MCA and Chinese bodies to set up special council
The MCA and various Chinese associations and guilds will set up a Malaysian Chinese Economic Consultative Council as a platform to participate in the nation's economic competitiveness, development and sustainability.
IJM may join group eyeing road project in Pakistan
IJM Corp Bhd is likely to be part of a consortium comprising five Malaysian firms that is eyeing a road project near Islamabad, Pakistan, said managing director Datuk Krishnan Tan.
Partnership a boost to conserve billfish
RENOWNED for its distinct beauty and said to be one of the biggest marine fishes, the billfish is under serious threat of extinction as it is highly sought after among anglers and netted on a mass scale by fishermen.
Ministry plans to inject RM30bil under 9MP
The Ministry of Works plans to inject an estimated RM30bil under the 9th Malaysian Plan (9MP) between 2006 and 2010, to enhance the growth of the construction sector.
