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Business

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.

Letters

Complexes decide on surcharge

Writes M.A. RUBY GEORGE, General Manager, Marketing, TN Park Sdn Bhd of Petaling Jaya.

Letters

Indian Finance Minister comes up with tax breaks

b>By Coomi Kapoor/B>

Business

Snapshots

By Hong Boon How

AseanPlus News

SIA re-routes flights to avoid conflict zone

B>SINGAPORE:/BSingapore Airlines (SIA) said yesterday it has re-routed flights to the Middle East and Europe to avoid the war in Iraq and imposed a war surcharge on cargo after the US began a military strike against Iraq.

Business

MAS – to raise or not to raise cargo fees

MAJOR regional airlines are grappling with escalating cost in their cargo operations following the onset of the war in Iraq. While most airlines have moved to pass the additional cost over to cargo customers, others have yet to do so, perhaps on the belief that the situation may not last for too long.

Letters

Postpone tour packages to China

From Truly Alarmed of Penang.

Business

Inti - resilient amid adversities?

Online investment advisor Surf88.Com writes on Inti's prospects saying our latest update with Inti Universal (RM3.78) unveils a rosy picture.

Business

FMM positive on post-war effects

FEDERATION of Malaysian Manufacturers (FMM) is positive on the post-war effects of the Iraqi war on Malaysia and expects the country to benefit from the rebuilding of Iraq, said its president Datuk Mustafa Mansur.

Business

UPS positive on growth this year

UNITED Parcel Service (M) Sdn Bhd (UPS) has not felt much impact from the war in Iraq or the Severe Acute Respiratory Syndrome (SARS) outbreak and remains optimistic about its business growth this year, said its managing director Gillian Sim.