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Prudential Financial loss narrows
B>NEW YORK: /B>Prudential Financial Inc, the No. 2 US life insurer, has posted a narrower net loss of US$71mil for its fourth quarter compared with a loss of US$403mil a year earlier.
Investors eye repeat high returns from TNB bonds
INVESTORS burned by US$124bil of defaults in the US last year are looking to Tenaga Nasional Bhd (TNB), which had one of Asia#146;s top-returning bonds in 2002, for a repeat performance in 2003.
No one spared in scandal inquiry
GREED, stupidity, reckless indifference, dishonesty and deception are among the stunning allegations to emerge from what must obviously be the extraordinary final submission to last week's hearing of an inquiry into Australia's biggest-ever corporate collapse.
The making of a marketing genius
DESPITE his personal wealth and eminent stature among world leaders and captains of industry today, Forever Living Products chairman Rex Maughan has not forgotten his humble beginnings. He grew up on a ranch in Idaho, growing grain, hay and tending to cattle.
Warrants to attract some attention
WITH all eyes on how high the benchmark Kuala Lumpur Composite Index (CI) can go and no one wanting to be left behind, investors are likely to focus on attractive undervalued warrants given that most of them offer a cheaper entry.
Country Heights defers meeting of bondholders
COUNTRY Heights Holdings Bhd has deferred a critical bondholders#146; meeting intended to seek their approval for a lump sum redemption of its entire RM200mil redeemable unsecured bonds at maturity on Dec 31, 2005, instead of a yearly RM50mil redemption until maturity.
2003 uptrend for Islamic bonds
AS the equity markets continue to take a beating in the uncertain global geopolitical climate, economists are more bullish on the growth prospects of the bond markets, particularly Islamic private debt securities (PDS), this year.
Fun and gains
In 'Fun Works', Catalyst Consulting Group president Leslie Yerkes shows how companies which have introduced fun in the workplace can still make profits.
Clarification
Prudential Unit Trusts Bhd has clarified that it achieved sales of RM441mil last year, while funds under its management was RM411mil.
