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Business 04 Mar 2004 | 12:00 AM

Former WorldCom chief executive charged with fraud

Former WorldCom Inc chief executive Bernard Ebbers has been charged with criminal fraud and the US government said a key prosecution witness would be his top lieutenant, who has pleaded guilty.

Business 28 Feb 2004 | 12:00 AM

US moves to block Oracle bid for PeopleSoft

Oracle Corp has reacted sharply to US antitrust authorities' move to block its proposed US$9.4bil acquisition of software rival PeopleSoft Inc, vowing to fight the Department of Justice's complaint in court.

Business 28 Feb 2004 | 12:00 AM

S’pore to cut corporate tax rate to 20%

THE Singapore government cut corporate taxes and unveiled a wealth of commercial incentives yesterday, causing its second straight budget deficit, as it fights to bolster the city-state as a key Asian business centre.

Business 24 Feb 2004 | 12:00 AM

Aipa plans dialogue with authorities

THE Malaysian branch of the Asean Intellectual Property Association (Aipa) expects to hold a dialogue soon with the relevant authorities on fine-tuning some of the intellectual property laws to enhance the country's competitive edge as a key player in global trade and commerce, its branch head Chew Phye Keat said.

Business 21 Feb 2004 | 12:00 AM

Mitsubishi in talks to sell Proton stake back to Govt

JAPAN'S Mitsubishi group is in talks to sell its stake in Perusahaan Otomobil Nasional Bhd (Proton) back to the Government as Proton steps up its search for a new foreign partner to help it battle falling sales.

Business 20 Feb 2004 | 12:00 AM

Zeti: Gear for competition in OTC financial derivatives

REGIONAL integration arising from rapid expansion of intra-regional trade in Asia will lead to greater demand for over-the-counter (OTC) financial derivatives and as such, Malaysian banking institutions must be prepared to compete in this highly innovative and agile global industry, Bank Negara governor Tan Sri Dr Zeti Akhtar Aziz said.

Business 15 Feb 2004 | 12:00 AM

Thalgo eyes retail market

At an international conference he attended three years ago, Tan Wei Ming discovered a few facts that would ultimately influence his choice of career.

Business 13 Feb 2004 | 12:00 AM

200 to attend derivatives conference

BANK Negara, Institut Bank-Bank Malaysia (IBBM), the Malaysian Bar Council and International Swaps and Derivatives Association (ISDA) - the organisers of the 4th Banking and Financial Law School 2004 Conference on Feb 19 - expect about 200 participants, mainly over-the-counter (OTC) derivatives practitioners in Malaysia, to attend the event.

Business 11 Feb 2004 | 12:00 AM

China pledges faster financial reform

China must speed up financial reforms and build a modern banking sector, Premier Wen Jiabao told senior economic officials gathered to plot economic policy for the year, state media reported Wednesday.

Business 11 Feb 2004 | 12:00 AM

SC seeking ‘right of hot pursuit’

The Securities Commission (SC) is seeking to get more bite in its pursuit of suspects in cases that fall under the Securities Industry Act 1983 (SIA). This is in light of the difficulties it currently faces in completing its investigation of companies believed to have breached the act.