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Business 03 Jul 2003 | 12:00 AM

PCCW loss balloons under US rules

B>HONG KONG: /B>The territory's dominant fixed-line phone company said yesterday that the 2002 net loss its reported to US regulators was nearly seven times what it reported here due to different accounting standards.

Business 02 Jul 2003 | 12:00 AM

New accounting standard on value of land banks

PROPERTY developers will no longer be allowed to revalue their land banks and will have to subject them to impairment tests, according to a new accounting standard issued by the Malaysian Accounting Standards Board (MASB).

Business 01 Jul 2003 | 12:00 AM

Foreign insurance news in brief

Foreign insurance news in brief including from Singapore that Standard Poor's Ratings Services has assigned I>BBB+/Ilocal currency counter-party credit and insurer financial strength ratings to Thai Life Insurance Co Ltd, with a stable outlook.

Business 29 Jun 2003 | 12:00 AM

Malaysia seeks better market access

Malaysia has made a request for better market access and national treatment in accounting, auditing, taxation and services related to management consultancy, said Minister of International Trade and Industry Datuk Seri Rafidah Aziz.

Business 21 Jun 2003 | 12:00 AM

IFS Malaysia gets RM3mil supply contract from IWK

Application solutions provider IFS Malaysia Sdn Bhd has signed a RM3mil contract with Indah Water Konsortium (IWK) for the supply of the IFS enterprise asset management system.

Business 15 Jun 2003 | 12:00 AM

Career switch proves therapeutic

For most people, switching careers can be a traumatic experience as it involves meeting new people, learning a new set of skills and trying to impress the boss all over again.

Business 11 Jun 2003 | 12:00 AM

Taliworks exploring water projects in China and Sumatra

TALIWORKS Corp Bhd is evaluating the potential of infrastructure projects in China and Sumatra, said chairman Datuk Zabir Bajuri.

Business 11 Jun 2003 | 12:00 AM

Top 50 listed firms unveiled

CHINA#8217;S top 50 listed companies were unveiled recently, with SinoPec, China Unicom and Bao Steel taking the first three spots.

Business 10 Jun 2003 | 12:00 AM

Ondeo exits desalination project

The Ondeo group of France has exited a S$250mil Singapore water desalination project consortium by selling its 30% stake to local joint-venture partner Hyflux Ltd. As a result, water treatment systems maker Hyflux now owns 100% of the project consortium, SingSpring Pte Ltd.

Business 10 Jun 2003 | 12:00 AM

ING looking at bigger slice of the medical sector

ING Insurance Bhd is eyeing a bigger piece of the medical or healthcare insurance market through its employee benefits coverage, its president Datuk Christopher Davies said.