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Business

Execs have mixed opinions on telecom prospects

MANY senior telecom executives are cautiously optimistic that the worse downturn in the history of telecom industry is coming to an end and it is timely to increase investments selectively.

Business

Maxis starts trial on wireless roaming

MAXIS Communications Bhd, together with Australia#039;s Telstra, China Netcom and Singapore#039;s Starhub, announced yesterday a trial period for wireless broadband roaming. Korea Telecom will participate by the end of the year.

AseanPlus News

Arrests rock Canto-pop world

B>HONG KONG:/BHong Kong's entertainment industry was in shock yesterday after several leading figures and Canto-pop stars were arrested in a graft inquiry over rigged music awards and chart placings, reports said.

Business

Citigroup CEO resigns, names Prince as successor

B>NEW YORK:/B>B/B>After months of speculation, Citigroup chairman Sanford I. Weill announced that he is giving up his job as chief executive and naming long-time confidant Charles O. Prince as his successor.

Business

Foreign business news in brief

Foreign business news in brief including 'Opec may cut oil output by year-end'

Other Sport

Perak eye last eight spot in Asean Club Championship

Perak are out to make an impact in the inaugural Asean Club Football Championship, which begins in Surabaya starting tomorrow. And coach Toni Netto is confident that the team will make it to at least the quarter-finals.

AseanPlus News

Asian news in brief

Asian news in brief: 'Storm halts rescue effort in Bangla ferry tragedy', 'Three killed in Mindanao market blast, and ''Ring away' 'the 'mosquitoes''

Business

Philippine shares end lower Friday on profit-taking

Philippine shares ended lower Friday as investors continued to take profit following the release of disappointing U.S. jobs data, which triggered a sharp drop on Wall Street overnight, traders said.

Business

S. Korean telco rejects AIG-led investment

The board of Hanaro Telecom Inc, South Korea's second largest broadband operator, has turned down a proposed US$1.05bil investment led by American International Group (AIG), allowing a local conglomerate to keep a firm grip on the company.

Business

New pact to boost Lityan revenue

LITYAN Holdings Bhd expects to see its payphone business in the Philippines generate higher revenue when the new agreement with its partner Globe Telecom takes effect.