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Business 06 Jun 2006 | 12:00 AM

Minority shareholders await bumper dividend

The proposed disposal of Lion Forest Industries Bhd's (LionFIB)'s forest assets is expected to result in a significant payoff for its shareholders in the form of capital repayment or special dividends. This is widely anticipated by its minority shareholders.

Business 31 Mar 2006 | 12:00 AM

UEM Builders MD feels very much at home

Barely three months after taking over at the helm of UEM Builders Bhd, Ridza Abdoh Salleh already feels right at home. It's no surprise, of course, as he was once with a company that is part of the UEM group.

Business 19 Mar 2006 | 12:00 AM

Italian energy company Eni says sabotage in Nigeria against pipeline shut down production

ROME(AP)- Sabotage against an oil pipeline in the Niger Delta of Nigeria forced the shutdown of production, Italian energy company Eni SpA said Saturday.

Business 24 Feb 2006 | 12:00 AM

Shell declares RM1 dividend for FY2005

Shell Refining Co Bhd announced a net profit of RM522mil for the year ended Dec 31, 2005, and declared that dividends for that year will total RM1 per share.

Business 02 Feb 2006 | 12:00 AM

US patent office rules against patent in BlackBerry fight

RICHMOND, Virginia: The U.S. Justice Department sharpened its objections Wednesday to a threatened shutdown of the BlackBerry e-mail system, saying it would be difficult to close it without affecting government users.

Business 02 Feb 2006 | 12:00 AM

US stocks rise

NEW YORK: Stocks rallied higher Wednesday after oil futures fell by more than $1 a barrel and Dow Jones industrial Boeing Co. said its earnings had more than doubled.

Business 20 Jan 2006 | 12:00 AM

TSE to raise trade capacity by 80%

The Tokyo Stock Exchange plans to increase its trade capacity by up to 80% by the end of the year, its head said yesterday, a day after a flood of sell orders forced the world's second largest bourse to close early.

Business 05 Jan 2006 | 12:00 AM

Shanghai to close downtown market notorious for knockoff designer brands

SHANGHAI, China: Buyers in Shanghai looking for knockoff designer goods may have to look a little harder in the future following the city's announcement Thursday of plans to close a downtown market notorious for fake goods.

Business 05 Jan 2006 | 12:00 AM

Nikko Citigroup places erroneous buy order on Tokyo Stock Exchange

TOKYO: Nikko Citigroup blamed human error on Thursday for a mistaken buy order for shares on the Tokyo Stock Exchange, heightening concerns about stock trading here following computer glitches and a botched trade in recent months.

Business 03 Jan 2006 | 12:00 AM

US low-cost airline Independence Air to shut down

CHANTILLY, Virginia: Low fares, convenience and customer service made Independence Air popular with travelers, but not even a loyal customer base could keep the airline from falling victim to rising fuel prices and competition from other discount carriers.