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Business 04 Jan 2003 | 12:00 AM Premium

Bank of China chief to head watchdog

Bank of China president Liu Mingkang will step down to take charge of a new banking regulatory body expected to be split off from the central bank later this year, according to banking and government sources.

Business 04 Jan 2003 | 12:00 AM Premium

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.

Business 05 Jan 2003 | 12:00 AM Premium

Mekong Airlines expects profits after first year

Mekong Airlines, Cambodia#8217;s new designated carrier, targets to achieve 90% passenger load factor when it commences operations on Jan 15, said Mekong Air Services Sdn Bhd managing director Chung Leik Kok.

Business 05 Jan 2003 | 12:00 AM Premium

Fast-food and movies at TikTok DVD shops

McDonald's Corp has put a fast-food twist on dinner and a movie, installing DVD-rental machines outside some of its restaurants, the latest move in its efforts to attract more customers.

Business 06 Jan 2003 | 12:00 AM Premium

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 07 Jan 2003 | 12:00 AM Premium

Jerneh well-equipped for challenges ahead

FOR decades, general insurers in the main sounded quite confident and sanguine when it came to making business forecasts.

Business 08 Jan 2003 | 12:00 AM Premium

ST Engineering 2002 net profit down 3%

Singapore Technologies Engineering Ltd, South-East Asia#146;s largest defence contractor, posted yesterday its first drop in annual profit since 1997 on weakness in its aerospace and marine divisions, and warned of similar earnings next year.

Business 09 Jan 2003 | 12:00 AM Premium

On the move

CATHAY Pacific Airways Ltd has appointed Vivian Lo as its country manager for Malaysia and Brunei, based in Malaysia.

Business 10 Jan 2003 | 12:00 AM Premium

Big AOL Time Warner write-down likely

AOL Time Warner Inc is expected to make another write-down of several billion dollars #8211; on top of the record US$54bil charge it took last year #8211; increasing the strain on its balance sheet, analysts and investors say.

Business 10 Jan 2003 | 12:00 AM Premium

P&O Princess crowns £3.3bil marriage with Carnival

Britain#8217;s PO Princess Cruises Plc has formally backed a £3.3bil merger with sector leader Carnival after it broke ties with former merger partner Royal Caribbean last week.