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Business 21 May 2003 | 12:00 AM

MCI agrees to US$500m settlement

MCI, formerly WorldCom, agreed to a record US$500mil settlement of its accounting fraud probe with the US Securities and Exchange Commission, but a court review is still pending, according to documents filed on Monday.

Business 20 May 2003 | 12:00 AM

Philippine shares cloe lower Tuesday on Wall Street's decline

Philippine shares ended lower Tuesday on profit-taking following Wall Street's losses Monday, traders said.

Business 20 May 2003 | 12:00 AM

Skali plans to raise RM15mil from IPO

E-business systems provider Skali plans to raise RM15mil from its proposed KLSE Mesdaq market listing, according to its president Tengku Farith Rithauddeen said.

Business 20 May 2003 | 12:00 AM

Foreign business news briefs

Foreign business news briefs including from Tokyo that Ishikawajima-Harima is in the red

Business 14 May 2003 | 12:00 AM

Paris: A world leader in wireless technology?

Next time you're in the French capital, keep an eye out for the corporate executive in his beloved cafe, smoke curling from his cigarette, steam wafting from his espresso. And his laptop computer connected to corporate headquarters

Business 12 May 2003 | 12:00 AM

AtlasONE to get US$100m IDB loan

LOCAL broadband service provider AtlasONE Malaysia Sdn Bhd is expected to obtain approval for a loan of US$100mil today from the Jeddah-based Islamic Development Bank (IDB) to fund its broadband infrastructure in Peninsular Malaysia.

Business 09 May 2003 | 12:00 AM

Optus reversal lifts SingTel profit

Singapore Telecommunications Ltd (SingTel), South-East Asia#8217;s largest phone company, posted a 72% jump in quarterly profit yesterday, thanks to a turnaround in Australia and strong earnings in emerging markets.

Business 07 May 2003 | 12:00 AM

SK Telecom profit better than forecast

SK Telecom Co, South Korea#8217;s biggest mobile carrier, unveiled better-than-expected first-quarter earnings yesterday as an increase in subscribers offset a cut in mobile charges.

Business 30 Apr 2003 | 12:00 AM

Wall Street's chapter of shame and humiliation

THE news that ten of Wall Street's biggest investment firms had agreed to pay US$1.4bil in penalties and restitution to settle charges by US regulators that their analysts regularly skewed their research to benefit a few privileged clients at the expense of smaller investors must be cold comfort to millions of individual investors who lost fortunes in relying on such tainted research.

Business 29 Apr 2003 | 12:00 AM

AKN Technology to lure investors through JP Morgan conference

AKN Technology Bhd aims to increase the investments from foreign fund managers in the group by participating in the annual I>JP Morgan Technology amp; Telecom Conference/Iin San Fran-cisco early next month.