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Business

Forget the US dollar, Asia stock pickers focus on growth

Asia's professional stock pickers were so busy putting a flood of investor money to work across the region this week that a turnaround in the fortunes of the US dollar barely raised eyebrows.

Business

Samsung distributor targets 10% digicam market

FIRST Mobile Group Sdn Bhd (FMG), the distributor of Samsung digital cameras and mobile phones, plans to capture 10% of the local digital camera market in the next 12 months from 2% currently.

Business

South Korea Inc struggles to break bailout habit

Bad habits die hard in corporate South Korea.

Business

SEG Samsung gets China nod for stake sale to M’sian unit

China's SEG Samsung has won approval to offload a 14.09% stake to a Malaysian unit of South Korea's Samsung Electronics and US firm Corning Inc, the Chinese firm said on Wednesday.

Business

Foreign news in brief

Business

Sharp third quarter net profit up 27% on LCD TV boom

Sharp Corp has posted a 27.2% increase in quarterly group net profit on strong sales of liquid crystal display (LCD) televisions and camera-equipped mobile phones, but kept its full-year forecasts unchanged.

Business

Samsung targets RM2.5bil sales in M’sia

SAMSUNG Malaysia Electronics (SME) Sdn Bhd is targeting US$1.2bil for its export market worldwide.

Business

Megan Media tripling output to meet demand

AT the rate Megan Media Holdings Bhd is going on with increasing the output of its data storage products to cope with the global demand, it looks set to hit its target of 20 million recordable discs a month next year.

Business

AmBank aims for 500,000 card holders

AMBANK group targets to have 500,000 credit card holders by the financial year ending March 31, 2006, its head of retail banking Mohamed Azmi Mahmood said.

Business

Demand for flat screens, chips boosts profit of Samsung Elec

Samsung Electronics Co Ltd, Asia's most valuable electronics company, reported yesterday a 24% jump in quarterly profit on explosive demand for flat screens and chips for digital cameras.