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Fuel prices could go down further
There is a chance of a further reduction in pump prices if the average world crude oil price for this month is below US$104 per barrel.



 Insurance News

Kurnia plans RM400mil capital injection
Kurnia Asia Bhd has announced a RM400mil capital injection to strengthen its paid-up capital.

Insurers' returns likely to weaken
The current financial market condition will have a bearing on insurance companies as their investment returns are likely to weaken.

 Motor News

Renault to present new Megane at Paris Auto Show
Carlos Ghosn will be hoping for a good reception for his revamped Renault Megane compact hatchback.

Toyota Eco Rangers adopts 22 schools
Toyota to cut 2009 sales plan by 7pc: Paper


TOKYO: Toyota Motor Corp, the world’s biggest automaker, is expected to slash its global sales plan for 2009 to below 9 million vehicles, down at least 7 per cent from its previous forecast, a newspaper said yesterday.

Sime Darby Motor unit shifts into high gear
Auto ConneXion will launch new products for Ford, Land Rover and Alfa Romeo over the next few months, a move which is expected to drive the company’s growth SIME Darby Auto Connexion Sdn Bhd (Auto ConneXion), a wholly-owned subsidiary of Sime Darby Motor Division, is shifting into high gear from this month with a campaign to strengthen its position as a key player in the automotive industry.





Mitsubishi Motors Malaysia sales up 65pc in Jan-Aug
MITSUBISHI Motors Malaysia Sdn Bhd's vehicles sales shot up 65.2 per cent to 4,881 units in the first eight months of this year, from 2,955 units in the same period in 2007.



 
 
   

 
Market rate to determine fuel price
  Fuel prices may be reduced further next month if the average world crude oil price for this month stays below US$104 (RM360) per barrel.
Risk premiums in US money market growing
  Risk premiums in US money markets continued to grow yesterday, despite the approval of a US$700bil US economic rescue package by the Congress.