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Business 13 Jul 2003 | 12:00 AM

WTO rules US tariffs on steel are illegal

US import tariffs on steel products imposed in the spring of 2002 were deemed illegal Friday by the World Trade Organisation, raising the likelihood that the European Union and others will retaliate with sanctions on American exports.

Business 09 Jul 2003 | 12:00 AM

Kraft to fight obesity by cutting portion

Processed food multi-national Kraft Foods Inc will cut the size of portions and change the recipe of some top products as the industry faces pressure over obesity rates.

Business 08 Jul 2003 | 12:00 AM

Switzerland pledges cooperation in combating money laundering

THE Swiss government will continue to cooperate with foreign authorities, including Malaysia, in combating money laundering and other forms of financial wrongdoings involving its banking industry.

Business 05 Jul 2003 | 12:00 AM

Bra-vo for Caely founder

There was little that Theresa Fong Nyok Yoon didn#039;t do at her first place of employment: an undergarments factory.

Business 04 Jul 2003 | 12:00 AM

Ernst, IRS settle tax shelter issue

The US Internal Revenue Service (IRS) said Ernst Young has agreed to pay US$15mil to end a probe of its marketing of tax shelters, allowing the accounting firm to close one chapter in the controversy over tax advice it has provided over the years.

Business 04 Jul 2003 | 12:00 AM

Mayban Ventures investing in Vivantis

MAYBAN Ventures Capital Co Sdn Bhd is investing RM1.58mil in biotechnology company Vivantis Technology Sdn Bhd over a three-year period.

Business 03 Jul 2003 | 12:00 AM

Harilela plans more hotels in KL, Thailand

THE Harilela Group, which owns eight hotels worldwide including the Holiday Inn Golden Mile in Hong Kong, Holiday Inn Silom in Bangkok, Holiday Inn Parkview in Singapore and Holiday Inn Resort in Penang, plans to establish three more hotels in Malaysia and Thailand, its chairman Dr Hari N Harilela told I>StarBiz/I>.

Business 01 Jul 2003 | 12:00 AM

Corporate governance in M’sia

MAICSA PERSPECTIVE: A monthly series by The Malaysian Association of the Institute of Chartered Secretaries and Administrators.

Business 27 Jun 2003 | 12:00 AM

BNP Paribas sets up Islamic banking unit

BNP Paribas SA, France#039;s largest bank, has set up a unit dedicated to selling Islamic-based investments as Western institutions compete to tap a growing market.

Business 24 Jun 2003 | 12:00 AM

South Korean subway workers strike in three major cities

Subway workers demanding bigger wages went on strike in three key provincial cities Tuesday amid a stern warning from President Roh Moo-hyun against strikers who would break the law.