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Business 24 Nov 2005 | 12:00 AM Premium

Parkson Hong Kong shares priced at top end of range

Parkson Retail Group Ltd, a subsidiary of Lion Diversified Holdings Bhd, raised US$208mil (RM790mil) after pricing its Hong Kong initial public offering (IPO) at the top of an indicated range amid strong demand, issue sponsor BNP said.

Business 26 Nov 2005 | 12:00 AM Premium

US stocks score modest gains as holiday shopping begins

NEW YORK: Wall Street finished the week with moderate gains Friday, extending a November rally in light post-Thanksgiving trading amid signs of a strong start to the busy holiday shopping season.

Business 01 Dec 2005 | 12:00 AM Premium

Roaring HK market debut for Parkson

Shares in Chinese retailer Parkson Retail Group Ltd made a roaring Hong Kong debut yesterday after a US$208mil IPO, gaining 24% as investors clamoured for access to the country's retail sector.

Business 02 Dec 2005 | 12:00 AM Premium

US stocks rise as inflation fears ease

NEW YORK: Inflation-friendly economic data eased Wall Street's inflation fears Thursday and sent stocks sharply higher, giving investors hope that the November rally would continue through year-end.

Business 02 Dec 2005 | 12:00 AM Premium

IKEA, which now has a regional centre in Malaysia, opens bigger centre in Shanghai

SHANGHAI, China: Swedish home furnishings retailer IKEA, which now has a regional distribution centre in Malaysia, has opened a regional distribution centre in Shanghai to serve as a base for the company's expansion in China and elsewhere in Asia.

Business 14 Dec 2005 | 12:00 AM Premium

Capital repayment to enhance Metrojaya’s return on assets

METROJAYA Bhd's return on assets is set to rise from the present 5% to 11%, following the company's proposal to make a capital repayment to shareholders.

Business 17 Dec 2005 | 12:00 AM Premium

CapitaLand to spend S$510mil on latest project

CapitaLand Ltd and partner Sun Hung Kai Properties Ltd are spending S$510mil to transform the Orchard Turn site into a high-end residential and retail development.

Business 25 Dec 2005 | 12:00 AM Premium

Wall Street ahead: A little window-dressing, but little else expected in a holiday week

The last week of the calendar year is Wall Street's time for window-dressing,'' a longtime tradition of money managers buying up stocks to boost their portfolios' performance before year's end.

Business 01 Jan 2006 | 12:00 AM Premium

Singapore prime minister says economy to grow 3-5 percent in 2005

Singapore's economy grew 5.7 percent in 2005, exceeding earlier forecasts, and is expected to grow between 3 percent and 5 percent next year, Prime Minister Lee Hsien Loong said.

Business 02 Jan 2006 | 12:00 AM Premium

Service, delivery to boost Alliance Bank growth

THE Alliance banking group's strategy to drive revenue in the future is to enhance its service and delivery in addition to growing the right business segments.