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B>LONDON:/B HSBC, the world's second largest bank by market value, has begun to shed corporate finance and other investment banking staff as part of a restructuring.
JOHOR will pose competition to Singapore when Labuan offshore companies set up marketing offices in the state, but this can only work to Malaysia#039;s advantage if red tape were to be reduced, Ernst amp; Young Tax Consultants Sdn Bhd executive director Lee Choong San said.
THE Malaysian Employers Federation (MEF) has described the proposed Budget 2004 as a challenge for the corporate sector to move into a higher level of development with an emphasis on greater use of information technology (IT) and skilled manpower.
STOCKS on the KLSE ended August on a weak note, with the Composite Index (CI) dropping 0.4% to 743 yesterday ahead of the long Merdeka weekend but up 3% for the entire month following the market's breakout from a consolidation period at the end of July.
A former executive of Citigroup Global Markets Inc. was indicted on charges he embezzled more than $70,000 from two mutual funds he controlled.