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Business 17 Jul 2005 | 12:00 AM

Franchising a better option for entrepreneurs

Small and medium enterprises (SMEs), regarded as the backbone of a country's economy, are flourishing in Malaysia, says entrepreneur Brad Sugars.

Business 15 Jul 2005 | 12:00 AM

Employees of home appliance maker Whirlpool claim racial discrimination

Fifteen black employees at a Whirlpool Corp. factory are moving ahead with a two-year-old federal lawsuit, after mediation talks failed to resolve claims they have been passed over for promotions and subjected to racial discrimination.

Business 15 Jul 2005 | 12:00 AM

First Vioxx trial begins in US

The first Vioxx-related lawsuit to go to trial opened with the plaintiff's lawyer contending that Merck Co. traded its mission of treating sickness for relentless marketing and pursuit of profits.

Business 14 Jul 2005 | 12:00 AM

Ex-Bank of China executives go on trial on corruption charges

Three former Bank of China executives based in Hong Kong have gone on trial in China to face corruption charges, state media reported.

Business 13 Jul 2005 | 12:00 AM

MasterCard to unveil PayPass feature soon

PAYMENT solutions group MasterCard International will launch trial marketing of its latest PayPass feature in Malaysia in the fourth quarter this year as part of the global rollout of the product, which is developed to capture a larger market share of low-value payments.

Business 12 Jul 2005 | 12:00 AM

US stocks extend their advance Monday

US extended their advance Monday on news of dropping oil prices and a bevy of corporate mergers. Oil prices fell for the third straight day, dropping more than $1 a barrel after Hurricane Dennis missed key Gulf of Mexico refineries, avoiding a disruption in fuel supplies.

Business 07 Jul 2005 | 12:00 AM

Suspended China Aviation Oil CEO attends court hearing

The suspended chief executive of China Aviation Oil (Singapore) Corp. appeared in court on Thursday ahead of his trial on charges including insider trading and making false statements.Lawyers for Chen Jiulin said they wanted his charges clarified. The next pretrial hearing is on July 19.

Business 01 Jul 2005 | 12:00 AM

Next move by Telekom's Wahid is cost-cutting

TELEKOM Malaysia Bhd (TM) continues its journey towards becoming a world-class organisation in Datuk Abdul Wahid Omar's second year as its group chief executive officer. The focus is now on cost-cutting initiatives, growing the business to rev up profit and driving up productivity levels.

Business 01 Jul 2005 | 12:00 AM

NasionCom to roll out WiMax

NASIONCOM Holdings Bhd aims to roll out its WiMAX (Worldwide Interoperability for Microwave Access) service by the third quarter of this year.

Business 19 Jun 2005 | 12:00 AM

Tyco execs convicted of looting millions

From the US$18mil (RM68.4mil) Manhattan apartment with a US$6,000 (RM22,800) shower curtain to a US$2mil (RM7.6mil) birthday party in the Mediterranean, for Americans the case against former Tyco CEO L. Dennis Kozlowski and a subordinate came to epitomise corporate greed.