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Nation 14 Mar 2003 | 12:00 AM

Convention welcomes non-Chinese participants

The organiser of the World Chinese Entrepreneurs Convention (WCEC), to be held here from July 27 to 30, has extended its invitation to non-Chinese to participate in the event.

Business 14 Mar 2003 | 12:00 AM

HK banks trying to sell more investment products

With loan demand depressed and interest margins squeezed, Hong Kong banks are scrambling to sell more investment products such as equity- and debt-related funds to boost non-interest income and shore up their bottom lines.

Business 13 Mar 2003 | 12:00 AM

HSBC posts RM449m profit

HSBC Bank Malaysia Bhd has reported a profit before tax and zakat of RM448.7mil for the financial year ended Dec 31, 2002, down slightly from RM482.8mil a year earlier owing to a rise in loan loss allowance to RM69.3mil from RM28.2mil previously.

Business 12 Mar 2003 | 12:00 AM

Foreign business briefs

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.

Nation 11 Mar 2003 | 12:00 AM

Six have a way with words

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.

Business 11 Mar 2003 | 12:00 AM

Six Continents bank facilities in danger if war breaks out

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.

Education 09 Mar 2003 | 12:00 AM

Karaoke team wins entrepreneur award

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.

Business 08 Mar 2003 | 12:00 AM

Citibank embarks on rebranding

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

Business 08 Mar 2003 | 12:00 AM

HSBC highlights its portal

HONGKONG and Shanghai Banking Corp Ltd (HSBC) is confident of getting more of its multinational corporation clients to utilise its e-commerce initiative, I>markets@hsbc.com,/Iin enhancing their productivity and business growth potential, its e-commerce business development and marketing manager Larry Campbell said.

Nation 07 Mar 2003 | 12:00 AM

Undergraduate female team wins first prize

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.