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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

Looking to grow market share

Today#8217;s CEO Outlook features four CEOs heading the Malaysian operations of foreign consumer electronics or IT companies. They are Jeong-Wook Kim of Samsung, Barry Lee of Nokia, Rainer Althoff of Siemens, and Eric Hoh of Veritas, who heads the software company#8217;s Asia South operations.

Business

Hana Bank may yet bid for ailing LG Card

B>SEOUL:/BSouth Korea's fourth largest lender, Hana Bank, said yesterday it may bid for the country's top credit card company, LG Card Co, if sale conditions were changed, reversing its earlier stance that it had no plan to join in the auction.

Business

Samsung to up market share

SAMSUNG Malaysia Electronics (SME) Sdn Bhd is confident of increasing its share of the local mobile phone market from the current 25% to 28% by the end of the next quarter, said its managing director Kim Jeong-Wook.

Business

Energy efficient motor pact signed

Eight companies from the electric motor manufacturing, supply and import industries in Malaysia signed yesterday an agreement to certify and facilitate local production of high efficiency and energy efficient electric motors.

Business

Canon, Toshiba link up on new flat TV production

Canon Inc plans to form a joint venture with Toshiba Corp to manufacture next-generation displays for thin televisions before rolling out a new flat-screen TV next year.

Business

Foreign banks eye small S. Korean retail lenders

B>SEOUL: /B>International banks, including Citigroup, HSBC Holdings and Standard Chartered (StanChart), are hunting for acquisitions in South Korea#146;s US$424bil consumer banking market, eyeing its growth potential and cheap valuations, analysts say.

Business

Samsung Malaysia sees 2003 sales hitting RM1bil

SAMSUNG Malaysia Electronics Sdn Bhd hopes to achieve sales of US$270mil or more than RM1bil this year, its managing director Kim Jeong-Wook said yesterday.

Business

Sony and BMG merge

The merger of Sony Music and BMG could bring a whole new stable of recording artists to listeners hooked on Sony Corp's electronics, but analysts say the alliance is more about minimising risk than seeking gain.

Business

Martin Sorrell and his vision of Asia

Sir Martin Sorrell, head of WPP Group Plc, was in Kuala Lumpur on Tuesday as part of a three-week visit to Asia. How he bought over Wire and Plastics Products (WPP), a maker of wire shopping carts, 18 years ago and turned it into the world's largest advertising and market services group is now textbook stuff taught in business schools. After doing a video conference with analysts in London on the group's third quarter results, Sir Martin sat down with WONG SULONG for an interview.