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Business 04 Dec 2003 | 12:00 AM

Goldman positive on Asian markets

Goldman Sachs Global Strategy Research has forecast 15%-25% price returns for Asian equity markets, and expects this to be further enhanced by dividend yields of about 4% as well as moderate appreciation of local currencies against the US dollar.

Business 22 Nov 2003 | 12:00 AM

Timing of Celcom’s relisting in question

Talk about an early relisting of Celcom (M) Bhd has recently surfaced in the media, but industry sources told I>StarBiz/Ithat directors of Telecom Malaysia Bhd, which owns 100% of the mobile operator, are not in favour of such a move.

Business 31 Oct 2003 | 12:00 AM

BOA acquisition puts market in motion

Bank of America's acquisition of regional bank FleetBoston has put the US' banking market back in motion, with speculation rampant that more mergers may follow.

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.