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Business

Eng a top league player in data storage goods

Excerpts of an interview with Eng Holdings executive chairman and CEO Datuk Alfred E.L. Teh.

Business

Southern Bank profit up 18% to RM120mil

SOUTHERN Bank Bhd (SBB) has reported 18.1% year-on-year increase in pre-tax profit to RM120.4mil for the first quarter ended March 31.

Business

Growing trend in Asian wealth management

ASIANS still hold a lot of their wealth in cash but the trend towards investments and professional management of their household financial assets (HHFA) is on the rise, according to the findings of I>Citibank Consumer Wealth Review 2004/I>.

Business

Unit trust returns

Unit trust returns from Alliance and Mayban.

Business

Washington Mutual heads for sale

Ailing bank Washington Mutual Inc appeared headed towards a sale on Wednesday after a major investor removed a potential stumbling block and nervous banking regulators began approaching the most logical buyers.

Business

KLCI down 2.44 points

Share prices on Bursa Malaysia ended the day mostly easier Tuesday on concerns over higher crude oil price amid the global credit mess, said dealers.

Business

Local operations of Citibank, StanChart robust

Citibank Bhd and Standard Chartered Bank Malaysia Bhd, the locally-incorporated subsidiaries of New York-based Citigroup Inc and London-based Standard Chartered plc respectively, have more than enough capital to ensure liquidity.

Business

Daya Materials expanding its handling division as it braces for slowdown

DAYA Materials Bhd is banking on its technical services division to generate revenue as it braces for a slowdown in the oil and gas (OG) industry going forward.

Business

Hyundai Motor 3rd-qtr profit falls 37.8 percent

SEOUL, South Korea (AP) - Hyundai Motor Co. said Thursday its third-quarter net profit fell 37.8 percent as labor unrest sapped production and sales declined.

Business

No curbs on Wall Street pay despite meltdown

NEW YORK (AP) - Despite the Wall Street meltdown, America's biggest banks are preparing to pay their workers as much as last year or more, including bonuses tied to personal and company performance.