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MALAYSIA recorded a balance of payments surplus of RM11.8bil in the first nine months of 2002, against a deficit of RM600mil in the corresponding period a year ago, the Statistics Department said yesterday.
Banks will be given star ratings to indicate their customer-friendly level and encourage more competitive pricing of their financial products.
AVERAGE lending rates are expected to come off slightly, which is not surprising as focus of loans growth is retail driven, said SJ Securities research head Anthony Dass.
Consumers welcomed Bank Negara's proposal to rate banks to indicate how customer-friendly they were but hoped the exercise would actually push banks to further improve their services.
Will it hurt to look at the stock market in 2003? What are the stocks worth putting your money in?
News in brief including timber company Ta Ann Holdings Bhd is diversifying into property development and has acquired 3.6ha piece in Kuching for RM13.5mil.
A fortnightly collaboration between StarWeekend and the Consumers Association ofPenang (CAP).
B>Compiled by Rubin Khoo/B>
Banking services in the country are due for some renovations, a move spearheaded by Bank Negara Malaysia. The Service Quality Index, slated for introduction in the coming months, will streamline efforts to improve the performance of the country#8217;s financial services sector.
MALAYSIA has the potential to be a global player so long as its products and services are in demand by the rest of the world, and its ideas continue to draw interest and acceptance.