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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 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 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


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

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 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 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.

Business 01 Apr 2003 | 12:00 AM

New distribution pact signed

EDARAN Otomobil Nasional Bhd (EON) and Perusahaan Otomobil Nasional Bhd (Proton) have finally reached an agreement on the distribution of Proton vehicles, which will allow EON to continue distributing Proton vehicles until Dec 31, 2009, with a minimum allocation of 100,000 units per annum.

Business 31 Mar 2003 | 12:00 AM

No more do-it-yourself for the wealthy in Asia

As Asians get richer, more are turning to fund managers to help them manage their money