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Business 04 Jan 2003 | 12:00 AM

UOB stockbroking subsidiary buys rival company

SINGAPORE#8217;s largest stockbroking group, UOB-Kay Hian Holdings Ltd, is acquiring the brokerage business of one of its smaller rivals, J.M. Sassoon Co Pte Ltd, as the city-state#8217;s broking industry consolidates.

Business 04 Jan 2003 | 12:00 AM

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

Finnish defence firm to set up base

Finland#8217;s largest defence company, Patria Oy, plans to set up its base in Malaysia this year, said its local agent.

Business 16 Jan 2003 | 12:00 AM

GTIP to relocate South Korean SMIs in Lumut

A TOTAL of South Korean small- and medium-scale industries (SMIs), with a combined investment of RM125.4mil, are relocating in Lumut this year under a SMI relocation programme promoted and facilitated by Global Technology Industrial Park (GTIP) Sdn Bhd.

Business 21 Jan 2003 | 12:00 AM

Pernas announces five new directors after eight left

PERNAS International Holdings Bhd (PIHB) has announced the resignation of eight of its 12 board members, seven of whom are Perbadanan Nasional Bhd representatives.

Business 22 Jan 2003 | 12:00 AM

EPF plans to invest RM130mil in IT to improve service

THE Employees Provident Fund (EPF) plans to invest about RM130mil in information technology (IT) over the next three years to provide better service to its 10.3 million members and 340,000 contributing employers, said deputy chief executive officer II Rusma Ibrahim.

Business 27 Jan 2003 | 12:00 AM

I-Bhd positive on China alliance

WITH numerous companies talking about tapping the enormous China market, only a handful are actually converting their ideas and visions into action.

Business 28 Jan 2003 | 12:00 AM

China planning massive reform of insurance industry

China is to begin massive reform of its insurance industry by introducing foreign insurers in an attempt to transform the state-owned operation into a sophisticated publicly-traded operation, the I>China Daily/Ireported.

Business 12 Feb 2003 | 12:00 AM

NewsPage bullish about mobility applications

LEADING wireless application provider NewsPage Pte Ltd is #147;extremely bullish#148; on the adoption of its mobility applications growing exponentially as more enterprises see the need to equip their staff with timely information while on the go.

Business 19 Feb 2003 | 12:00 AM

Trade with NAM countries risen over the decade

TRADE between Malaysia and member countries of the Non-Aligned Movement (NAM) has increased over the last decade from RM61bil in 1992 to RM194.7bil in 2002, said Minister of International Trade and Industry Datuk Seri Rafidah Aziz.