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Global markets to be driven by geopolitics in short term
The first part yesterday of the roundtable discussions dwelt on the KLSE#8217;s lacklustre performance for 2002, and the factors contributing to its weakness. The concluding part talks about the market#8217;s probable outlook for this year, given the looming prospect of war in Iraq.
NEAC: M’sian businesses need to raise productivity further
MALAYSIAN businesses need to be more aggressive in raising their level of productivity, as well as find their niche in global markets, said National Economic Action Committee (NEAC) secretariat head Dr K. Govindan.
Responding to new market forces
NEW market dynamics are reshaping access to the global markets of tomorrow and businesses that do not realise the implications risk losing out, said International Trade and Industry Minister Datuk Seri Rafidah Aziz.
Citigroup Q4 hurt by charges
Citigroup Inc#8217;s earnings took a hit in the fourth quarter of 2002 because of a costly settlement with federal and state regulators, but the financial services giant has still managed to post record profits for the year.
Miti invite for 7th trade mission
THE Ministry of International Trade and Industry (Miti) is inviting local businessmen to participate in its seven trade and investment missions planned for this year, to explore business and investment opportunities in 16 countries.
The potential of Valuecap
From-loaded pump priming targeted at the stock market is deemed the quickest way to fuel the economy. In a recent report, research house UOB Kay Hian explains why exactly.
Bankers rely on old weapons to meet war
Central bankers are refining their battle plans for coping with the upheaval that an Iraqi war could cause in financial markets and their economies.
Global markets tumble as war drums beat louder
RISING fears of imminent war against Iraq sparked selling in global stock markets yesterday, with many indices touching fresh lows.
StanChart 2002 profit sharply up
STANDARD Chartered Bank Malaysia Bhd has recovered strongly to post a pre-tax profit of RM367mil for the year ended Dec 31, 2002, sharply up from RM26mil the year before, with loan loss provisions significantly lower at RM33mil against RM434mil previously.
