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AS if coping with the uncertainties of war isn#039;t enough, economies in the region now have to cope with yet another crisis. The deadly Severe Acute Respiratory Syndrome (SARS) is taking its toll on Asia at a time when many of these economies are already vulnerable due to a weak external sector.
Having gone through haze, Nipah virus, Sept 11, Bali bombing, Iraq war, Severe Acute Respiratory Syndrome (SARS) outbreak, and most recently, bird flu, Reliance Pacific is better prepared to face the future, says the company's executive director Tan Sin Chong.
As the haze thickened in Port Klang, which has been declared a haze emergency area, factories in the industrial belt of Klang are expected to remain in production as it has not come under an emergency yet.
OCCUPANCY rates of most of the country#039;s hotels, including those in the Klang Valley, have not fallen despite the haze, Malaysian Association of Hotels vice-president Ivo R. Nekvapil said. He added, however, that occupancy was likely to fall if the present situation persisted for another week, or worsened.
Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives trended higher in a technical correction for most of last week and closed higher after a very late upward rally sparked off by a strong wave of buying that triggered buy-stops and made fresh four-week highs.
Main Board by G.M. Teoh