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Business 03 Jun 2005 | 12:00 AM

Instant noodle inventor bows out at age 95

Momofuku Ando, the man credited with inventing instant noodles, will bow out of the business frontline at age 95 after seeing his cups of quick, hot and inexpensive meals sweep the world.

Business 02 Jun 2005 | 12:00 AM

Josephine Clay Ford, auto heiress and philanthropist, dies

Josephine Clay Ford, a leading philanthropist and the only granddaughter of automotive pioneer Henry Ford, died Wednesday. She was 81.

Business 31 May 2005 | 12:00 AM

AIA recruits 1,000 more agents

AMERICAN International Assurance Malaysia (AIA Malaysia) has in a relatively short period of five months increased its sales force by over 1,000 agents from 8,400 at the end of last year, executive vice-president and general manager Richard Bender said.

Business 17 May 2005 | 12:00 AM

MAA launches new scheme

MALAYSIAN Assurance Alliance Bhd (MAA Assurance) has unveiled a new personal accident scheme that guarantees policyholders a monthly income up to 20 years from the date of the accident and expects to rake in at least RM3mil in gross premium for the product by the year's end, vice-president for composite insurance, Kevin Choong, said.

Business 16 May 2005 | 12:00 AM

Donating paintings for a good cause

WHEN artworks from a private collection appear at an auction, the reason is often one of the three Ds: death, divorce, debt.

Business 07 May 2005 | 12:00 AM

Sales to grow 10%, Intel tells Wall Street

Facing a skeptical Wall Street audience, Intel Corp. executives forecast sales growth of 10% or greater this year and said the company has more than a dozen advanced chips in the works to help fuel a healthy PC market.

Business 02 May 2005 | 12:00 AM

Will writing getting popular

Will writing service is becoming popular as financial planners and agencies realise the need to include wealth distribution as part of the financial planning package, says ARB general manager (sales and marketing) Rafie Omar.

Business 26 Apr 2005 | 12:00 AM

ING to stay ahead in sector

ING Insurance Bhd, the leading provider of employee benefits schemes in the country with a 23% market share, expects to maintain its leadership in the segment by further growing its market share, Senior vice-president for employee benefits Dr Nirmala Menon said.

Business 31 Mar 2005 | 12:00 AM

BNP Paribas steps in to end ‘war of widows’

France's biggest bank has stepped in to resolve a 'war of widows' dividing the controlling families at luxury Paris store chain Galeries Lafayette, backing a 3bil euro (US$3.9bil) deal to take it private.

Business 22 Mar 2005 | 12:00 AM

StanChart partners Prudential

STANDARD Chartered Malaysia, in partnership with Prudential Assurance Malaysia Bhd, has launched its latest product under Prulink Guaranteed Account that provides at least 3% return a year for five years, combined with life insurance protection.