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Outlook for banks positive

RATING Agency Malaysia Bhd (RAM) has reaffirmed a positive outlook on the local banking sector in view of the continued improvement in asset quality owing to the gradual economic recovery and the resolution of the Lion group debts.

Some PN4 firms submit last-minute proposals

SOME of the 24 specified Practice Note 4 (PN4) companies that could be on the way to delisting on the KLSE have made last minute attempts to avoid that fate by either coming out with fresh new corporate proposals or just submitting their schemes to the Securities Commission (SC) on the eve of the new year.

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.

Wooing China, Mid-East tourists

TODAY'S CEO OUTLOOK 2003 features two CEOs in the hotel sector and one in the information technology (IT) industry

Salcon out to double profit

WATER engineering specialist Salcon Engineering Bhd, a 51% subsidiary of Kumpulan Emas Bhd, is targeting to double its pre-tax profit and turnover to RM36.4mil and RM337mil respectively, for the financial year ending July 31.

Investing in property abroad

JASON Tan, 34, started investing in Australian properties in 1995, two years before the financial crisis pulled the rug from under the feet of Asia. Today, he has one property in Malaysia, one in Singapore and six in Australia.

China venture a boon for Megan

BARELY a month has passed since Megan Media Holdings Bhd was transferred to the main board of the Kuala Lumpur Stock Exchange.

Matsushita aims for 43% air-cond market share

MATSUSHITA Industrial Corp Sdn Bhd (Maico) is aiming for a 43% share of the market for domestic air-conditioners this year, despite expectations of greater mobility of air-conditioners in the region with full implementation of the Asean free trade area (Afta) regime.

Foreign business news briefs

Foreign business news briefs including from New York that IBM Corp has closed a deal to sell its hard-disk drive assets to Hitachi Ltd for US$2.05bil, as part of an effort to cut non-performing assets.

How sustainable is our recovery?

Going into 2003, Malaysia economic recovery is expected to be sustainable in spite of a slowing US economy. We see real GDP sustaining at 4.3% in 2003 (2002e: 4.0%).

Life Inspired has a chic new look

2020 is all about change, and Life Inspired did just that with a fresh makeover!

This month, we speak to 3 female icons about empowerment and more - read it for FREE this week.