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Sharp to spend US$1.25b more on LCD plants

B>TOKYO: /B>Sharp Corp, Japan's largest maker of liquid crystal displays (LCDs), said yesterday it would top up its spending on two cutting-edge LCD plants by 150 billion yen (US$1.25bil) over the next several years to boost output.


Kookmin Bank Q1 earnings slump

South Korea#8217;s top lender, Kookmin Bank, reported yesterday a worse-than-expected 89% drop in quarterly profits, plagued by a surge in credit card defaults and exposure to the SK Global accounting scandal.


South Korean brokerages swing to FY2002 loss on stock slump

South Korea#8217;s brokerages swung to a provisional aggregate loss of 614.6 billion won (US$510.5mil) in the financial year ended March, hit by a 40% slump in the stock market, according to regulators.


Samsung Elec Q1 profit down on slump in memory prices

Samsung Electronics Co Ltd registered a worse-than-expected drop of 41% in first-quarter profit yesterday because of a slump in memory chip prices, but its shares rose on hopes for an industry rebound.


News in brief

News in brief on MISC, Tai Wah Garments and Powertek.


Megan Media concentrates on increasing capacity

MAIN board-listed Megan Media Holdings Bhd is in a quandary but it is one that well describes the bright prospects of its business.


South Korea: an inspiring story

SOUTH Korea#039;s incredible growth and integration into the modern world economy over the past 30 years is an inspiring story to the developing world.


NPM aims to sell 2,000 handphones a month

NATIONAL Panasonic (M) Sdn Bhd, a relatively newcomer to the mobile phone market, is determined to make its presence felt in the highly competitive arena and expects to sell at least 2,000 units a month initially of its high-end Panasonic GD88 mobile phone in Peninsular Malaysia alone, according to its managing director Jiro Tomotani.


Foreign business news in brief

Foreign business news in brief including from Shanghai that Chinese carmaker SAIC-Chery, which signed a deal last month to set up a plant in Iran, is in talks to expand output into Vietnam and Bangladesh as well.


Hypermarkets - a growing trend

Property Talk: A weekly column by S.C. Cheah.This week he asks : WHAT#8217;S up on the retail scene? He answers more and more hypermarkets and shopping centres are opening.