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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

Smaller companies head to Asia for investments

Apart from the large investments abroad that have made headline news such as the acquisition of Unilever group assets by IOI Corp Bhd and Wessex Water by YTL Power International Bhd, there were also many companies with smaller market capitalisation which crossed the border last year.

Business

Greenback comes under renewed pressure amid war fears

THE US dollar came under renewed pressure yesterday on fresh reports that American forces were gearing up for imminent military action in Iraq, heightens the risk of holding the greenback and US dollar-backed assets.

AseanPlus News

Move to curb money laundering

CHINA has unveiled its first anti-money-laundering regulation in its war against the flow of #8220;dirty#8221; money, which threatens the prospect of its fast growing economy.

Business

Asia hot pick of investors in 2003

Global investors are playing it safe in Asian markets amid fears of a possible war in Iraq and tensions over North Korea#8217;s nuclear programme, but they are seen ready to scoop up Asian technology stocks later this year.

Business

Valuecap to boost market efficiency

Asset management company Valuecap Sdn Bhd was launched a week ago. Before one could say V-a-l-u-e-c-a-p, investors, and foreign funds came swooping in to the market to buy undervalued stocks. As the rush continued over the week, major corporate announcements were announced, turning a once sagging market into a bustle.

Nation

Opt for local insurers, doctors told

Doctors here have paid more than RM62mil in indemnity coverage to a British-based insurer, the Medical Protection Society (MPS), over the last 17 years. Medical Defence Malaysia (MDM) Bhd warned that the huge outflow of funds would continue if doctors did not opt for local insurers.

Business

Glomac eyes more joint-venture jobs

GLOMAC Bhd is definitely not resting on its laurels. After an almost sold-out launch for its Aman Suria Damansara project in Petaling Jaya, it is hot on the heels of securing more joint ventures with landowners to develop housing projects.

Nation

‘MPS not an insurance firm’

The London-based Medical Protection Society is a non-profit organisation and has over 3,500 doctors from Malaysia subscribing to it against medical indemnity.

Business

GDP growth of 4.2% last year

THE Malaysian economy grew at 4.2% last year after registering 5.6% growth during the final quarter of the year, meeting official expectations that full-year 2002 GDP growth would come in at between 4% and 5%.