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Dairy Farm, which has concluded an agreement to buy 34 I>Tops/Isupermarkets from Royal Ahold, expects the deal to be completed by the 3rd quarter of 2003.
The local business community remains cautious about the likely impact of the Severe Acute Respiratory Syndrome (SARS) outbreak on its activities, even though the World Health Organisation (WHO) said the incidence of SARS has peaked in a number of affected countries.
THE euro and the Australian dollar continued to strengthen against the US dollar yesterday as investment money looked for better-yield assets. In early London trade, the euro hit a four-year high of US$1.1073, and the Aussie a three-year high of 62.19 US cents.
THE further development and sustainability of the medical and health insurance (MHI) business in the long run depends largely on the cooperation, commitment and professionalism of all stakeholders.
Japanese stocks plum-bed to fresh 20-year lows yesterday on dismay over Sony Corp's earnings, but the Hong Kong and Singapore markets firmed after the World Health Organisation (WHO) an-nounced that the two islands' severe acute respiratory syndrome (SARS) outbreaks had peaked.
AMERICAN International Assurance (AIA) Malaysia, which recently launched I>Lifestyle 5,/Ia new protection plan that provides second medical opinions to policyholders, expects RM30mil in business premiums for the scheme for the financial year ending Nov 30, 2003.