Search Results for: Malaysia

BY MARK ROWE
MONEY launderers looking to process their criminal gains look favourably upon south-east Asia. Authorities in the region are under-funded and overworked, while cash-transactions are a cultural norm, making it easy to ensure that money you would prefer not to be traced can simply disappear, with little likelihood that anyone will have the time to investigate the transaction.…

BY MARK ROWE
THE ROYAL Dutch/Shell Group, Europe’s second largest oil company by sales, will decide next year on the location of what will be the world’s biggest natural gas-to-liquids plant. Malaysia, Argentina and Iran and are understood to be leading contenders for the US$1billion project, which will produce 75,000 barrels a day of kerosene, diesel and other fuels and is due to start operation in 2006.…

BY MARK ROWE
MALAYSIA Airports Holdings (MAH) has won a joint contract to build and operate a new international airport in Hyderabad, India, which is expected to be in operation by 2006. MAH will be involved in the airport’s planning, development and operation.…

BY MARK ROWE
JIMMI Rembiszewski looks upon the transformation of Dunhill with some pride. “I was told that once a brand is in decline you may as well give up,” said BAT’s marketing director. “We have turned it around without reducing price and it’s enjoying an enormous revival.”…

BY MARK ROWE
THE THAI-Malaysian gas pipeline, a joint project between Thailand’s PTT Plc and Malaysia’s Petronas, has been approved by the Thai Prime Minister Thaksin Shinawatra. The pipeline was originally due to go into operation this year, with the first stage expected to cost US$1 billion but has been plagued by political wrangling.…

BY MARK ROWE
THE MALAYSIAN government is launching a new and powerful autonomous civil aviation authority, which is being set-up to help kick-start its plans to transform the new Kuala Lumpur International Airport into a regional hub to rival Singapore. The new agency will have a remit to establish a liberal aviation policy and negotiate air service agreements with international airlines.…

BY MARK ROWE
MALAYSIA’S state oil company Petronas has signed a three-year deal with the Philippine National Oil Company to introduce its natural gas-powered Enviro 2000 cars to the Philippines. The first move involves a six-month field demonstration in Manila involving six units of the car.…

BY MARK ROWE
THE CHAIRMAN of General Motors China has warned that neighbouring south-east Asia’s home grown car industry will in future find itself squeezed by stiff competition from the emerging giant next door. China’s expanding middle class, robust economic growth and low rates of vehicle ownership means that car makers in south-east Asian countries such as Thailand will be hard pressed to compete in the growing Chinese market, according to Phil Murtaugh, chairman of General Motors China.…

BY MARK ROWE
THE MALAYSIAN government has been forced to conduct an embarrassing U-turn in its policy towards major international airlines in attempt to prevent its landmark new airport from becoming a white elephant.

Kuala Lumpur International Airport, 40 miles outside the city, was opened in 1998 an attempt to transform the city into a regional hub to rival Singapore’s Changi, which is regularly voted the world’s best airport.…

MARK ROWE
MALAYSIA is calling for a review of plans to cut tariffs across south-east Asia, claiming that lower tariffs will affect its car production, particular the Proton series. The south-east Asian country has been given until 2005 to bring tariffs on imported cars down to between zero and five per cent, two years later than other key members of the ASEAN Free Trade Area (AFTA).…