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Business

RM11.8bil 9-month balance of payments surplus

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.

Business

Average lending rates likely to decline, says SJ Securities

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.

Business

Fighting the Bears

Will it hurt to look at the stock market in 2003? What are the stocks worth putting your money in?

Business

News in brief

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.

Business

Zeti: M’sia has potential to become global player

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.

Business

Affin Bank stake sale by year-end

AFFIN Holdings Bhd expects to complete the disposal of a 30% stake in wholly-owned subsidiary Affin Bank Bhd by the end of the year, said group managing director Datuk Lodin Wok Kamaruddin.

Business

Focus switches to MAs

NOW that corporate debt restructuring exercises are largely over, the market focus this year will likely be on corporate mergers and acquisitions, where companies with strong balance sheets continue to look at overseas assets.

Business

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.

Business

TNB is strong and sound, says chairman

DATUK Dr Awang Adek Hussin, who became Tenaga Nasional Bhd (TNB) chairman on Dec 1, 2002, says his current job is not much different from his former post of Bank Negara Malaysia assistant governor.

Business

Insurance mergers gaining pace

THE ongoing consolidation in the insurance industry, despite some minor hiccups initially, has been quite successful, and is seen forming the foundation for further mergers.