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Business 16 Jul 2003 | 12:00 AM

Mirant files for bankruptcy protection

Another major US power producer and trader, Mirant Corp, has filed for Chapter 11 bankruptcy protection after slumping prices and higher costs left it unable to refinance US$4.9bil in bank and bond debt.

Business 16 Jul 2003 | 12:00 AM

Kia Lim confident of turning around

JOHOR-BASED brick and clay roofing tile manufacturer Kia Lim Bhd, which has been in the red since 1998, is optimistic of achieving better results in the near future.

Business 16 Jul 2003 | 12:00 AM

Snapshots

Pauline S.C. Ng writes on AZRB.

Business 16 Jul 2003 | 12:00 AM

Foreign business news in brief

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

Business 17 Jul 2003 | 12:00 AM

Manufacturing sales 5.2% higher to RM26bil in May

SALES in the manufacturing sector increased by 5.2% or RM1.3bil to RM26.4bil in May from RM25.1bil a year ago. It was also higher by 0.8% or RM0.2bil than the RM26.2bil reported in April.

Business 17 Jul 2003 | 12:00 AM

Support Line

K.M. Lee writes on K. Emas, Petaling Tin and Resorts World.

Business 17 Jul 2003 | 12:00 AM

Upgrade on Japanese economy

The Bank of Japan (BoJ) has offered a slightly improved assessment of the Japanese economy, saying that although economic activity remains flat it no longer sees signs of weakness in exports.

Business 17 Jul 2003 | 12:00 AM

Greenspan vows to keep rates low

US Federal Reserve chairman Alan Greenspan has vowed to keep interest rates low for a long time even as he predicted a hearty economic recovery.

Business 17 Jul 2003 | 12:00 AM

Samsung profit slumps on weak chip prices

South Korean technology giant Samsung Electronics Co Ltd reported yesterday a 41% slump in second-quarter profit as prices for its mainstay memory chips and flat panel computer screens crumbled.

Business 17 Jul 2003 | 12:00 AM

News in brief

News in brief on Cahaya Mata, Granite Industries, Southern Bank and PBA Holdings.