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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.
THE Malaysian Institute of Economic Research (Mier) has set its sights on a lower growth forecast for the economy this year, compared with an earlier prediction of 5.7%, following the slowing down of the global economy exacerbated by the US invasion of Iraq.
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 waiting continues. It had been widely expected that the government would announce its economic package on April 7. Instead, on that day, Acting Prime Minister Datuk Seri Abdullah Ahmad Badawi said the details would be out only after the government was certain that the situation in Iraq would not warrant changes in Malaysia's economic strategies.
THE National Economic Action Council (NEAC) remains confident that Malaysia will achieve the projected 4.5% growth in gross domestic product (GDP) this year even though a number of research bodies have scaled down their projections to below the government#039;s revised forecast.