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Business 16 Jan 2003 | 12:00 AM

Bankrupt Kmart to close 326 stores

Discount retailer Kmart Corp will shut one in six of its stores and cut as many as 37,000 jobs in hopes of emerging from bankruptcy as soon as April 30.

Business 15 Jan 2003 | 12:00 AM

Year's first two IPOs aim to rake in S$9.2m net

THE first two initial public offerings (IPOs) of the year in Singapore are looking to reap S$9.2mil in net proceeds for expansion, among other plans.

Business 11 Jan 2003 | 12:00 AM

Life after delisting

NOBODY should have been surprised when the Kuala Lumpur Stock Exchange (KLSE) announced on Monday that it had commenced delisting procedures against 16 PN4 companies.

Business 06 Jan 2003 | 12:00 AM

No regrets becoming a hotelier

ALEXANDER Jovanovic, who studied to be a registered nurse in Australia, ended up instead working as a hotelier.

Business 06 Jan 2003 | 12:00 AM

Ratings

#183;MALAYSIAN Rating Corp Bhd (MARC) has assigned Islamic corporate debt ratings of I>MARC-1ID/AAAID/Ito B>SIME DARBY BHD/B>#146;s proposed RM1.5bil I>Al-Murabahah /I>commercial papers and medium-term notes.

Business 04 Jan 2003 | 12:00 AM

Need for life insurance

As long as you have dependants whom you care for, you need life insurance at least until you grow rich enough to be self-insured, writes RAJEN DEVADASON.

Business 04 Jan 2003 | 12:00 AM

Mitek projects brisk sales of Matrix metal-wood roof truss system

MITEK Asia Sdn Bhd expects sales of its Matrix metal-wood roof truss system, targeted at middle-and high-cost houses and institutional buildings, to be good.