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Business 18 Mar 2003 | 12:00 AM

Japan insurers face woes on promised returns

When Japanese life insurers were selling their products a decade ago, they reckoned they could easily earn 5% or more a year on their investments to make the payouts they guaranteed to policyholders.

Business 17 Mar 2003 | 12:00 AM

An old teacher offers a strong friendship, business opportunity

HUGEWIN Electronics (M) Sdn Bhd executive director Tay Jin Kok, 36 was a student in mechanical and electrical engineering at a university in Taiwan when he got acquainted with Taiwanese professor Dr Weng Lin Song, who was then the Dean of the Faculty of Engineering at the university.

Business 16 Mar 2003 | 12:00 AM

Stocks dip as fears of war rise

Blue-chip stocks finished a touch higher but the market was mostly flat on Friday after a week of stomach-churning swings, as worries about war and unease about the US economy#8217;s health sapped investors#8217; confidence.

Business 16 Mar 2003 | 12:00 AM

Driven by a knack for auto inventions

Like most children, inventor-cum-businessman Darran Aster Gunasekera loved to play with toys. Unlike most, however, his idea of playing was to dismantle every toy he had, learn how they functioned, and then to fix them again. Such was his fascination at discovering how things worked it isn't surprising that he is now an award-winning inventor of electronic components for the automotive sector.

Business 15 Mar 2003 | 12:00 AM

Grey hat turned white

THERE'S this awesome sense of having power, absolute power, in your hands, recalls data security specialist Joseph Magee of the time some 10 years ago when he hacked into the phone switch of a telephone company serving the Philadelphia district in the United States.

Business 14 Mar 2003 | 12:00 AM

SMIs reduce investment in China as MNCs stop relocating

LOCAL small- and medium-sized industries (SMIs) are reducing their investments in China as multinational corporations (MNCs) in Malaysia have stopped relocating to the republic since late last year.

Business 13 Mar 2003 | 12:00 AM

Naga DDB sends staff on DDBU Asia tour

NAGA DDB, the largest advertising and communications group in Malaysia, has sent 12 of its staff to the DDB University (DDBU) Asia Tour in Bangkok.

Business 11 Mar 2003 | 12:00 AM

S'pore struggles to keep edge in disk drives

B>SINGAPORE:/BWalking the factory floor of Western Digital Techno-logies Inc in Kuala Lumpur, John Coyne, a company senior vice-president, is comforted by the thunder of well-oiled machinery. But the hum comes at a deafening price for nearby Singapore. The US hard disk drive maker shut its factory in the republic four years ago and mo-ved its production lines to lower-cost Malaysia, resulting in the loss of 4,000 jobs.

Business 10 Mar 2003 | 12:00 AM

Cost management a strength for Citibank

A core competency for Citibank is cost management.

Business 10 Mar 2003 | 12:00 AM

Spotlight on the role of CEOs

CHIEF executive officers (CEOs) have probably never had it tougher. These days, when they are not being accused of lacking in vision, they are punished for paying themselves too much.