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PM meets relatives from China

Abdullah Ha Chenghui and his brother Rais Ha Chengqiang came from Hainan for a family gathering here and were surprised to find out that one of their cousins is the Malaysian Prime Minister himself.

Private equity cashing in on China Inc boom

China is casting off its reputation as a black hole for private equity.

Roots in the Middle Kingdom

IN December last year, Prime Minister Datuk Seri Abdullah Ahmad Badawi attended a family gathering with a difference. It was a sort of get-together for relatives from Abdullah's maternal side of the family, or more specifically, a gathering of about 600 of the descendants of Abdullah's maternal grandfather Hassan Salleh.

Legal steps for Net prosperity

As the Internet has been up and running in China for 10 years, the government said it will use legal measures to create a favourable environment for the prosperity of the industry in coming years, senior officials said yesterday at the Internet 2004 conference in Beijing.

News in brief

Macquarie DDR Trust, an Australian shopping centre trust that invests in American real estate, has formed a joint venture with US mall owner Developers Diversified Realty to buy 36 Mervyns stores in the United States for US$396.2mil.

Investors focus on e-business

A NEW wave of investment in e-commerce is focusing investors on this still 'miniscule' sector of China's economy.

Clampdown on Ali-Baba jobs

The Information Ministry has revived the bumiputra participation unit to ensure that no contracts for TV shows are awared to production firms engaging in Ali-Baba practices.

Central bank limits e-payment amounts to RM470

INDIVIDUAL users are not allowed to buy products valued at more than 1,000 yuan (RM470) through electronic payment in a single deal to hedge against the risk of online fraud, the People's Bank of China said on its website.

Wealth of China’s 40 richest hits US$26bil

THE collective worth of China's 40 richest people and their families has risen by US$8bil to hit US$26bil this year, according to I>Forbes /I>magazine, indicating that the booming economy has indeed made them much wealthier in the last 12 months.

Yahoo results disappoint

Yahoo Inc, the world's largest Internet media firm, on Tuesday posted disappointing results that reflected weak search advertising and higher operating costs, sending its shares tumbling 13%.