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Business 09 Jul 2003 | 12:00 AM Premium

Judge okays record WorldCom settlement

A US federal judge has approved WorldCom Inc's plan to pay a record US$750mil to settle fraud charges in its historic accounting scandal, clearing another hurdle for the beleaguered telecommunication company's emergence from bankruptcy.

Business 05 Aug 2003 | 12:00 AM Premium

June data bode well for banking stocks

STRONG loans growth, coupled with lower non-performing loans, in June could be a strong indicator that things are looking up for the banking sector.

Business 19 Aug 2003 | 12:00 AM Premium

Judgment entered in suit of Aussie mining firm

An Australian mining company has won a $157 million judgment from an international engineering firm it hired to study the potential value of a U.S.-based copper mine.

Business 24 Aug 2003 | 12:00 AM Premium

Steer clear of risky Net schemes


Business 17 Sep 2003 | 12:00 AM Premium

Budget reinforces stimulus

THE 2004 Budget is a timely move designed to halt a faltering economy after the stimulus package announced in May. The budget has certainly added more strength to those initiatives.

Business 19 Sep 2003 | 12:00 AM Premium

Ex-Merrill executives face fraud charges in Enron case

B>HOUSTON: /B>Three former Merrill Lynch executives have been charged with conspiracy for allegedly helping energy trader Enron Corp inflate earnings with a loan disguised as a sale of Nigerian barges.

Business 22 Sep 2003 | 12:00 AM Premium

Big success in a few respects

THE adage #147;Don#146;t judge a book by its cover#148; seems to be a clichéd way to begin a book review, but it is an especially apt lesson for yours truly, in reviewing I>BIG In Asia: 25 Strategies for Business Success/I(Palgrave Macmillan).

Business 24 Sep 2003 | 12:00 AM Premium

Huge potential in China ICT sector

MALAYSIAN companies should look at China as an opportunity rather than a threat, especially with regard to the information and communications technology (ICT) sector, according to Telekom Malaysia Bhd deputy chief executive and executive director Datuk Dr Abdul Rahim Daud.

Business 03 Nov 2003 | 12:00 AM Premium

MAS rated No. 2 in German survey

Malaysia Airlines fared well in a recent online survey conducted by a magazine called I>Reise Preise/Iamong 8,172 travellers.

Business 06 Dec 2003 | 12:00 AM Premium

ST Telemedia offers cash to Global Crossing creditors

Singapore Technologies Telemedia (ST Telemedia) Pte has offered US$200mil in cash in lieu of notes to holders of Global Crossing Ltd bank debt, including billionaire Carl Icahn, to pave the way to buy the bankrupt network operator.