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Business

RAM revises up 2003 GDP forecast to 4.8%

RATING Agency Malaysia Bhd (RAM) has revised upwards its gross domestic growth (GDP) projection for this year to 4.8% from 3.8%, based on the resilience of the economy and more positive outlook for the second half.

Nation

Economy stronger with 5.1% growth in Q3

The Malaysian economy looks set to grow beyond the 4.5% initially projected by the Government, going by the strong third quarter gross domestic growth (GDP) of 5.1%.

Business

DPM: Malaysia's GDP to grow 5.5%-6% this year

MALAYSIA'S gross domestic product will grow by between 5.5% and 6% this year on the back of expected higher exports, stronger domestic demand, a return of investor confidence, and improving consumer confidence, said Deputy Prime Minister Datuk Seri Najib Tun Razak.

Business

US$30 oil props up Opec nations as reforms stagnate

Five years into an oil price boom, social tensions and growing populations mean Organisation of Petroleum Exporting Countries (Opec) states need to invest more heavily, but public sector spending is eroding the windfall and storing problems for the future.

Business

Rafidah: Exports set to rise further

MALAYSIA'S exports are expected to increase, buoyed by strong external demand and recovery in the global electronic sector, said International Trade and Industry (Miti) Minister Datuk Seri Rafidah Aziz.

Business

Ornasteel strong player in steel market

THE country#8217;s biggest cold-rolled coil (CRC) manufacturer, Ornasteel Holdings Bhd, is not only gearing up for its listing on Bursa Malaysia next month, but it is also giving other local steel producers a stiff fight for a larger slice of the RM2.8bil CRC domestic market.

Business

StanChart CEO: Economy to stay robust

Malaysia's economy is expected to remain robust despite rising inflation rates, Standard Chartered Bank Malaysia Bhd (Stanchart Malaysia) chief executive officer Shayne Nelson said.

Business

Nor Mohamed: Power tariff hike will not affect GDP

The 12% hike in electricity tariff is not expected to impact Malaysia's gross domestic growth (GDP) or significantly burden the majority of people in the country.

Community

Rep: Provide financial aid to those aged 65

A BACKBENCHER has called on the government to provide fixed financial aid to those aged 65 and above.

Business

9.5% growth seen for China next year

China's economy is expected to maintain robust, relatively inflation free growth next year, a state think tank and central bank officials said yesterday.