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Business 31 Mar 2003 | 12:00 AM

Rockwills aims for more will-writing franchisees

MOST entrepreneurs would probably shy away from venturing into the will-writing business because of its association with death.

Business 22 Mar 2003 | 12:00 AM

Philip Morris ordered to pay $10.1 billion in light cigarette suit

A judge Friday ordered cigarette maker Philip Morris USA to pay $10.1 billion for misleading smokers into believing its light cigarettes are less harmful than regular labels.

Business 21 Mar 2003 | 12:00 AM

Celcom shareholders okay TM Cellular buy

It was a huge victory for Celcom (M) Bhd when it won shareholders#039; approval at an EGM yesterday to buy TM Cellular Sdn Bhd for RM1.68bil, although Deutsche Telekom (DT) opposed the plan.

Business 20 Mar 2003 | 12:00 AM

Revamp on Act may boost FDI

FOREIGN direct investment (FDI) into Malaysia would be boosted by a revamp of the Companies Act, 1965, said the Malaysian Association of the Institute of Chartered Secretaries and Administrators (Maicsa) president Paul W Chan.

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 17 Mar 2003 | 12:00 AM

Global effort to curb money laundering

THREE DAYS before Sept 11, 2001, Mohamed Atta, the man who piloted American Airlines flight 11 into the North Tower of the World Trade Centre (WTC) in New York, wired out a total of US$7,860 from two grocery stores in Maryland. On Sept 10, Marwan al-Shehri sent US$5,400 from a Greyhound bus terminal in Boston before he commandeered United Airlines flight 175 the next day, crashing it into the WTC South Tower. In both cases, the recipient of the funds was a terrorist support network based in the United Arab Emirates (UAE).

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 08 Mar 2003 | 12:00 AM

CSFB's Quattrone resigns under fire

FRANK Quattrone, who was one of Wall Street's most celebrated investment bankers in the 1990s but is now facing criminal investigation, resigned under pressure from Credit Suisse First Boston (CSFB) on Tuesday.

Business 07 Mar 2003 | 12:00 AM

Need to create awareness of regulatory framework

MALAYSIA needs to tell international investors that it has a world-class regulatory framework so that perceptions of inadequate standards do not #147;penalise#148; the KLSE, said Securities Commission (SC) deputy chairman Datin Zarinah Anwar.