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#8220;Mecca-Cola#8221; inventor Tawfik Mathlouthi is bringing his popular product to the Middle East, confident that in troubled times a politicised soft drink will sell in the heart of the Islamic world.
TWO investment banks (one Middle Eastern and one European) are expected to take up about 15% to 20% equity stake in the country#039;s no-frills airline, AirAsia Sdn Bhd, for about US$20mil or RM76mil.
PENSONIC Holdings Bhd has made the first move towards its goal of becoming the first Asean home electrical appliance brand by venturing into Vietnam with the recent appointment of Asia Dragon Vietnam Co Ltd as distributor for its products in the country.
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.
THE government has embarked on a series of measures to draw back tourists from the Middle East, in the wake of the setback suffered by the local tourism industry as a result of the Severe Acute Respiratory Syndrome (SARS) outbreak in China and other countries in the region.