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Resorts sector maps out new strategies

LIFE goes on for many Malaysian businesses despite the war in Iraq. While there are fewer foreign tourist arrivals, the resorts business is taking it in its stride and is making plans to counter the negative impact.


Noble suggests setting up of IMT-GT consulting group

SELANGOR-BASED consultant Noble Nexus Sdn Bhd has proposed the setting up of Indonesia-Malaysia-Thailand Growth Triangle (IMT-GT) consulting group to ensure that all projects are successfully implemented and at-tain the desired investment returns.


RAM places hotels on rating watch

RATING Agency Malaysia Bhd (RAM) has placed a rating watch with a negative outlook on some hoteliers in Malaysia in view of the increasing threat from the Severe Acute Respiratory Syndrome (SARS) on the Industry.


Sri Hartamas revamp to be completed by September

FACB Resorts Bhd, the white knight to the rescue of indebted Sri Hartamas Bhd, hopes to finally complete the latter#146;s restructuring by September and have a new subsidiary assume its listed status on the KLSE main board.


KDEB wins RM1b Riau job

KUMPULAN Darul Ehsan Bhd (KDEB), an investment company owned by the Selangor government, has won a contract worth RM1bil to provide clean water supply and build a highway in Indonesia's Riau province.


Seow: Private sector be allowed to mark its own course

THE stark reality is that the federal government is well into its sixth-year of running a budget deficit and will find it difficult to continue spending at this rate.


Nexus in six joint ventures

Nexus Ventures (M) Sdn Bhd has signed joint-venture agreements with six companies as financiers and joint-venture parties for various projects worth RM5bil.


Market cheers BN victory

THE KL stock market surged 14 points in the first 10 minutes of trade yesterday, spurred by the Barisan Nasional's landslide victory in Sunday's general election, but profit-taking and poor regional market sentiment trimmed its gains as the day progressed.


FACB Resorts to change name to Karambunai Corp

Main board listed FACB Resorts Bhd will rename itself Karambunai Corp Bhd to reflect the company's commitment in developing its 600ha Karambunai property in Sabah that includes a 500-room five-star resort.


New venture to recover study loans

USING telecommunications technology and 'debt counsellors', Noble Nexus Sdn Bhd and Golden Infolink Sdn Bhd target to collect outstanding loans worth about RM250mil a year owed by graduates to the National Higher Education Fund Corp (PTPTN), Noble Nexus executive chairman Mohd Fauzee Kassim told I>StarBiz/I>.