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Business 25 Apr 2003 | 12:00 AM

SARS takes increasing toll on Asia

Economic fallout in Asia from the Severe Acute Respiratory Syndrome (SARS) crisis mounted yesterday as the World Bank cut its regional growth forecast, Hong Kong received a credit rating blow, and investors dumped shares in Asian retailers and exporters to China.

Business 23 Apr 2003 | 12:00 AM

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.

Business 22 Apr 2003 | 12:00 AM

DBS Q1 profit nudges higher

DBS Group Holdings Ltd, South-East Asia#8217;s largest bank, reported a slight and unexpected 0.4% rise in first-quarter profit yesterday, boosted by non-interest income and investment product sales.

Business 22 Apr 2003 | 12:00 AM

SingPost braves gloomy IPO market

Singapore Telecommunications Ltd (SingTel) is pushing ahead with the public sale of its postal service unit for as much as S$684mil amid market gloom spread by the deadly Severe Acute Respiratory Syndrome (SARS) virus.

Business 19 Apr 2003 | 12:00 AM

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.

Business 11 Apr 2003 | 12:00 AM

Snapshot

Liew Lai Jing writes on IOI Corp-W and Genting.

Business 07 Apr 2003 | 12:00 AM

KLG Unit Trust is adopting a different strategy

HLG Unit Trust Bhd, in the wake of the current weak and volatile equity market, is somewhat adopting a strategy different from most of its other competitors: investing in companies which it knows best rather than being concerned over the short term volatility of a company's stocks per se.

Business 05 Apr 2003 | 12:00 AM

Shareholder activism still dormant

WE all like to root for the underdog. This is why we fancy the notion of shareholder activism becoming a major element in the Malaysian corporate scene.

Business 05 Apr 2003 | 12:00 AM

Murdoch nears goal of global satellite

Media mogul Rupert Murdoch is standing once again on the threshold of the crowning deal of his career, and this time it looks like he#8217;s the only bidder.

Business 04 Apr 2003 | 12:00 AM

Malaysia equity market upgraded

MERRILL Lynch has upgraded its recommendation on Malaysia's equity market to overweight in view of the steady macro-economic backdrop and an expected 17% growth in corporate earnings.