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Business 02 Apr 2005 | 12:00 AM

Foreign news in brief

Japan's Sumitomo Mitsui Banking Corp said yesterday it had sold its 6.7% stake in second-ranked Philippine lender Bank of the Philippine Islands (BPI) for US$132mil, but declined to name the buyer.

Business 16 Mar 2005 | 12:00 AM

Fresh Disney licence allows Lonbisco exports to Hong Kong

LONDON Biscuits Bhd (Lonbisco) hopes to start exporting confectionery products with Disney characters on the wrappers to Hong Kong this year, managing director Datuk Liew Yew Chung said.

Business 16 Mar 2005 | 12:00 AM

Hong Kong lawmakers question Disney's option to expand theme park

Lawmakers on Wednesday questioned The Walt Disney Co.'s 20-year option to buy a 54-hectare (130-acre) site near Hong Kong Disneyland, saying the government should consider letting other theme parks use the land.

Business 15 Mar 2005 | 12:00 AM

Disney names new CEO

The Walt Disney Co's board of directors named company president Robert Iger to succeed chief executive Michael Eisner, who announced his decision to retire last year.

Business 14 Mar 2005 | 12:00 AM

Iger to succeed Eisner as Walt Disney CEO

The Walt Disney Co. said Sunday its president, Robert Iger, will succeed Michael Eisner as chief executive after another top contender for the job dropped out of the running.

Business 02 Feb 2005 | 12:00 AM

Foreign business news in brief

News briefs, including from Melbourne that Australia's biggest private hospital group, Affinity Health, might be floated for more than A$1bil by its private equity owners by the middle of this year, industry sources said on Monday.

Business 22 Jan 2005 | 12:00 AM

Foreign news in brief

News briefs, including from Singapore that Singapore Exchange Ltd (SGX) has posted a 4.1% year-on-year decline in net profit to S$27.27mil in its second quarter ended Dec 31, 2004, mainly because of lower sales at its securities and derivatives trading businesses. Operating revenue for the quarter slipped 15.7% to S$65.94mil. #8220;The market environment had been difficult in the first half of FY 2005, as reflected by the lower turnover in both the securities and derivatives markets,#8221; SGX said. #8211; AFX-Asia

Business 16 Jan 2005 | 12:00 AM

Stocks close on higher note

US stocks gained on Friday as investors were cheered by data on producer prices and industrial output, which indicated healthy, non-inflationary economic growth and boosted cyclical shares such as Honeywell International Inc.

Business 08 Jan 2005 | 12:00 AM

Ernst & Young: Need for tech-savvy executives in media and entertainment

MEDIA and entertainment executives around the world are focused on the impact of technology on their industry and believe more technology-savvy managers are critical to their companies' future success, according to a new study by Ernst Young.

Business 12 Dec 2004 | 12:00 AM

Poh Kong has the Midas touch

If there is one company that has transformed the gold jewellery retail industry in Malaysia, it is Poh Kong Jewellers. Set up in 1976 as a 5-sq m, one-counter shop in Petaling Jaya and with a total stock value of RM200,000, it is now a public listed company (Bursa Malaysia main board) with 60 outlets throughout the peninsula and is considered the largest retailer of gold and gem-set jewellery in this country.