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Business 30 Oct 2003 | 12:00 AM

Martin Sorrell and his vision of Asia

Sir Martin Sorrell, head of WPP Group Plc, was in Kuala Lumpur on Tuesday as part of a three-week visit to Asia. How he bought over Wire and Plastics Products (WPP), a maker of wire shopping carts, 18 years ago and turned it into the world's largest advertising and market services group is now textbook stuff taught in business schools. After doing a video conference with analysts in London on the group's third quarter results, Sir Martin sat down with WONG SULONG for an interview.

Business 21 Oct 2003 | 12:00 AM

KL market appears poised for another surge

THE country's smooth leadership transition and the listing of Astro All Asia Networks plc next week could set the stage for another stock market surge similar to the one seen two weeks ago.

Business 14 Oct 2003 | 12:00 AM

Goldman, HSBC woo Hutchison

Goldman Sachs Group Inc and HSBC Holdings Plc are among banks trying to persuade Hutchison Whampoa Ltd to sell bonds for a fifth time this year, each jostling to become the biggest arranger of Asian debt sales outside Japan.

Business 11 Oct 2003 | 12:00 AM

Astro institutional tranche oversubscribed

The domestic institutional tranche of Astro All Asia Networks plc's initial public offering (IPO) is believed to be 15 times oversubscribed, with the bulk of the applications bidding at the higher end of the price range.

Business 08 Oct 2003 | 12:00 AM

Foreign business news in brief

Foreign business news in brief: 'Japan external reserves hit new high', 'Goldman, Sumitomo setting up fund', and 'US$8b for BP Angolan oil sector'.

Nation 04 Oct 2003 | 12:00 AM

Talent contest to help needy artistes

Proceeds from a talent contest will go towards paying the medical bills of the needy members of the national artistes association, Karyawan.

Business 01 Oct 2003 | 12:00 AM

Retail portion of Astro IPO set at RM3.80

THE retail portion of Astro All Asia Networks plc's initial public offering has been priced at RM3.80 per share and is subject to a refund in the event the final retail price is less than that.

Business 25 Sep 2003 | 12:00 AM

Astro IPO underwriting tomorrow

PAY-TV Astro, which turned in RM26.22mil in pre-tax profit for the first six months ended July after reporting losses for several years, is slated to hold its underwriting ceremony for its flotation exercise tomorrow.

Business 25 Sep 2003 | 12:00 AM

US investment banks post strong Q3 profit increase

US investment banks Morgan Stanley and Lehman Brothers Holdings Inc have reported third-quarter profits that were more than double those a year ago, while earnings at rival Goldman Sachs Group Inc increased more modestly as revenue from bond trading fell sharply.

Business 19 Sep 2003 | 12:00 AM

NYSE chief quits under fire

B>NEW YORK: /B>New York Stock Exchange (NYSE) chairman Richard Grasso has resigned in the face of a growing outcry among investors, regulators and top Wall Street companies over his US$140mil pay package.