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Business

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.

Business

Mohd Azlan re-appointed KLSE chairman

DATUK Mohd Azlan Hashim has been re-appointed executive chairman of the KLSE committee, and Datuk Mohaiyani Shamsuddin deputy chairman.

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

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

Business

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%).

Business

PNB still on lookout for quality investments

PERMODALAN Nasional Bhd (PNB) will continue to look for quality investment opportunities across all sectors of the Malaysian economy, including undervalued stocks of companies with resilient business and prudent management, chairman Tan Sri Dr Ahmad Sarji Abdul Hamid said.

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.

Business

Nestle the popular choice for defence

NESTLE (M) Bhd has proven to be a good defensive stock that has consistently rewarded shareholders with impressive dividends.

Business

Investors see Tanjong as safe bet

TANJONG plc has been consistently ranked among the best-managed companies with the highest corporate governance standards in Asia by various investment research houses and fund managers.

Business

US dollar drops further

WAR fears and uncertainties over the health of the US economy continued to apply downward pressure on the US dollar, sending it to a three-year low against the euro and a four-month low against the yen yesterday.