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Optimistic mood in IT industry

OUR CEO OUTLOOK 2003 today features the Malaysia-based CEOs of three of the largest IT corporations #8211; Datuk Wong Siew Hai of Intel Corp, Khatijah Shah of SAP, and T.F. CHONG of Hewlett-Packard (HP). The three CEOs are looking forward to 2003 as they expect a pickup in the world economy will boost spending on IT.

Unit trust sector positive on growth

EVEN though 2003 will be a challenging year for the unit trust industry in view of the global economic slowdown and depressed investment environment, many unit trust management companies are still optimistic that the industry will continue to grow this year.

Danaharta affected by delisting of PN4 firms

THE delisting of financially stressed companies under the PN4 sector will affect Pengurusan Danaharta Nasional Bhd#039;s assets in eight of these companies, said chairman Datuk Azman Yahya.

Development top priority for Sudan

Sudan may be turning around its ailing economy, but Africa's largest country is also struggling to rid itself of the bad guy image. Sudanese Ambassador to Malaysia Mohamed Adam Ismail speaks to PAUL GABRIEL on what he terms as his country's peaceful development objectives.

Pump priming may not be a cure all

MALAYSIA is taking a well-trodden path by banking on pump priming measures to boost its economy. In fact, the conventional wisdom is that the quickest way to counter economic slumps is for governments to spend in a big way.

Indonesia 'better off without IMF'

B>JAKARTA:/BCampaigns to end the role of the International Monetary Fund (IMF) in Indonesia intensified on Wednesday, after a group of 35 leading economists said the economy would fare better without the IMF.

Get more popcorn, this show ain’t over yet

BANGKOK: There's a joke among the International Monetary Fund people that if a crisis-hit country wants to turn around its economy, what it only needs to do is to change at least five finance ministers or five central bank governors.

IMF sees long Iraq war slashing world growth

The International Monetary Fund (IMF) sees a long war in Iraq cutting global economic growth by as much as two percentage points from a revised 2003 forecast of 3.3%, German business daily I>Handelsblatt /I>reported yesterday.

IMF warns of recession

New data this week highlighted a mood of caution at corporations in major economies as the International Monetary Fund (IMF) warned that the world could sink into recession if the war in Iraq drags on.

Banking group urges G7 action

Even if the war in Iraq ends quickly, the global economy faces serious problems that will require a co-ordinated effort from rich nations to bolster prospects, a leading financial lobbying group said.