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Business

Lone Star buys 51% in KEB

B>SEOUL/B>: US investment firm Lone Star signed a US$1.2bil deal Wednesday to take control of Korea Exchange Bank (KEB), marking the largest-ever foreign investment in South Korea's financial sector.

Business

Lofsa promoting Islamic financing tools: New DG

THE Labuan Offshore Financial Ser- vices Authority (Lofsa) is promoting the development of innovative Islamic financial instruments in the market, according to new director-general Rosnah Omar.

Business

Jerneh shaping up as a formidable player

JERNEH Asia Bhd, through its partnership with composite insurer Assicurazioni Generali SpA of Italy, is well on track to become a formidable insurance player in the region, Jerneh's chief executive officer Ralph Liew said in an interview.

Lifestyle

Rights of the sub-tenant

BHAG SINGH comes to the rescue and soleves your legal woes.

Business

Basis Bay unveils hardware portal

BASIS Bay Group, a technology services and hardware solutions vendor, has launched eBasis Bay, an Internet portal for the trading of pre-owned, refurbished and new hardware equipment.

Business

IFCA makes strong debut on Mesdaq market

IFCA MSC Bhd made its debut on the KLSE Mesdaq market yesterday with a 16-sen or 80% premium over its offer price of 20 sen.

Lifestyle

New way of life

The dense forest along the Kinabatangan, Sabah's longest river, offers a breathtaking view of the last remnants of Borneo wilderness. The river and its surrounding wetlands make up one of the richest ecosystems on Earth. Eager to tap the floodplain's growing nature tourism market, villagers are beginning to open their doors to paying guests.

Business

Foreign business news in brief

Foreign business news in brief including: PO venture to invest US$1b in China

Nation

High Court adjourns murder trial

The High Court in Ipoh on Monday adjourned the trial of three men accused of murdering American Carolyn Janice Ahmad in Sungai Siput in 1999 to allow the Deputy Public Prosecutor to obtain police reports lodged by the accused against the police for alleged assault.

Other Sport

Sheriff shoot down Flora as Champions League gets underway

The long and tortuous road to the 2004 Champions League final got underway on Wednesday with the minnows of the tournament fighting it out simply to make the second qualifying round.