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Foreign business news in brief including from Beijing that BASF AG has secured limited recourse financing worth US$1.4bil from a consortium of banks jointly led by Industrial and Commercial Bank of China and Citibank for BASF-YPC Co Ltd, the German company's US$2.9bil joint venture with China Petroleum Chemical Corp.
Funds spent on space exploration should be used to save mankind now plagued by threat of war, disease and poverty, said a regional finalist of an inaugural public-speaking competition.
Top global hotelier Six Continents Plc, which is facing a takeover attempt by British entrepreneur Hugh Osmond, could find its banking facilities under threat if war breaks out in Iraq, the I>Financial Times/I(FT) reported yesterday.
Team Epsilon who bagged the Gold Award in the HSBC Young IT Entrepreneur Awards 2003, can kick back their heels and look forward to the next part - a well earned trip to Seattle. Edah Chong, Eileen Tey Yee Lin and Soh Lin Che - did not expect to win and were pleasantly surprised when the results were announced on Thursday night.
Citibank can now boast of having captured a 23 per cent share of the credit card market, measured in terms of the number of cards in circulation. In terms of sales volume, the bank has a clear 27 per cent lead
HONGKONG and Shanghai Banking Corp Ltd (HSBC) is confident of getting more of its multinational corporation clients to utilise its e-commerce initiative, I>firstname.lastname@example.org,/Iin enhancing their productivity and business growth potential, its e-commerce business development and marketing manager Larry Campbell said.
It was the love of karaoke that led three female undergraduates to come up with a business plan for a 24-hour karaoke satellite broadcasting channel. Team Epsilon comprising Edah Chong, Eileen Tey Yee Lin and Soh Lin Che from Multimedia University beat 332 other teams to win the Gold Award in the HSBC Young IT Entrepreneur Awards 2003.