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Business 04 Jan 2003 | 12:00 AM

The year that was - 2002

YEAR 2002 was clearly one of many misses for the local stock market.

Letters 05 Jan 2003 | 12:00 AM

Fear itself the only thing to fear

In its year economic estimate, the World Bank warned that there was a great risk of global economic stagnation.

Business 07 Jan 2003 | 12:00 AM

Greenback comes under renewed pressure amid war fears

THE US dollar came under renewed pressure yesterday on fresh reports that American forces were gearing up for imminent military action in Iraq, heightens the risk of holding the greenback and US dollar-backed assets.

Business 07 Jan 2003 | 12:00 AM

Poor market spoils CITIG Securities' debut

Shares of CITIC Securities Co Ltd, the first brokerage to go public in mainland China, made a limp market debut yesterday, boding ill for future fund-raisings by a struggling Chinese securities industry.

Business 08 Jan 2003 | 12:00 AM

Avenue Assets hopes to return to the black for financial year 2003

INVESTMENT holding company, Avenue Assets Bhd, expects to return to the black for the financial year (FY) ending Jan 31, 2003, its managing director Gooi Hoi Soon said.

AseanPlus News 08 Jan 2003 | 12:00 AM

Rocket scientist blasts charges against US firms

A prominent Chinese rocket scientist blasted as laughable US charges against two firms for illegally sharing space technology with China, saying only China was responsible for the success of its space programme.

Business 08 Jan 2003 | 12:00 AM

Focus switches to MAs

NOW that corporate debt restructuring exercises are largely over, the market focus this year will likely be on corporate mergers and acquisitions, where companies with strong balance sheets continue to look at overseas assets.

Lifestyle 09 Jan 2003 | 12:00 AM

Picking up the pieces

THE formerly tourist-packed streets and beaches of Bali are now eerily devoid of Westerners. TEOH TEIK HOONG revisits the broken jewel of Indonesia.

Business 09 Jan 2003 | 12:00 AM

November IPI up 6.4% to 191.5

THE Industrial Production Index (IPI) grew by 6.4% to 191.5 in November compared with a year ago, but fell 3.6% month-on-month from October.

Business 10 Jan 2003 | 12:00 AM

Nestle the popular choice for defence

NESTLE (M) Bhd has proven to be a good defensive stock that has consistently rewarded shareholders with impressive dividends.