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Business 22 Jan 2003 | 12:00 AM

Mizuho sees whopping US$16.5b loss for 2003

Japanese megabank Mizuho Holdings Inc is expecting a net loss of US$16.5bil for the year to March #8211; the biggest corporate loss ever in Japan -- as it dumps more bad loans, the latest example of a bank moving to clean up its balance sheet under pressure from the government.

Business 24 Jan 2003 | 12:00 AM

Lucent in the red for 11th straight quarter

Telecoms equipment maker Lucent Technologies Inc has posted its 11th straight quarterly loss, battered by the slump in customer spending.

Business 25 Jan 2003 | 12:00 AM

Starbucks turns in record profit

Specialty coffee retailer Starbucks Corp has reported record first-quarter profit and sales as it continued to see growth that exceeded analysts#8217; expectations.

Business 25 Jan 2003 | 12:00 AM

Priming a pump

THE government plans to pull on the pump. The objective is simple #8211; to mitigate the risks in the external environment by creating adequate domestic growth drivers.

Business 25 Jan 2003 | 12:00 AM

Pump priming may not be a cure all

MALAYSIA is taking a well-trodden path by banking on pump priming measures to boost its economy. In fact, the conventional wisdom is that the quickest way to counter economic slumps is for governments to spend in a big way.

Business 25 Jan 2003 | 12:00 AM

Measures to boost economy

Observers say the economy ultimately requires a stimulus package that covers all initiatives aimed at raising government spending and private consumption.

Business 28 Jan 2003 | 12:00 AM

AKN MTech makes modest debut on Mesdaq

SHARES of AKN Messaging Technologies Bhd (AKN MTech) ended their first day of trading on the Mesdaq market yesterday with a 5 sen premium, on a day where the main market barometer fell as much as 15 points at one stage.

Business 28 Jan 2003 | 12:00 AM

T.H. Hin arm expects to contribute 50% of turnover

T.H. Hin Corp Bhd expects its trading arm to account for 50% of group turnover for the fiscal year ending Aug 31, 2003, compared with 40% contribution last year, according to executive chairman Lim Kim Lin.

Business 29 Jan 2003 | 12:00 AM

Sina posts first quarterly earnings Inc has posted its first ever quarterly net profit, the third of China#8217;s four publicly listed Internet portals to achieve profitability on the back of surging mobile services and advertising.

Business 29 Jan 2003 | 12:00 AM

Asia crisis dents Malayawata plan

INVESTORS who had put money in Malayawata Steel Bhd since 1990 would have to be patient a little longer despite having to suffer some net losses over the years.