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Business 19 Aug 2003 | 12:00 AM

Mayban Unit Trust targets RM2.2bil fund size

MAYBAN Unit Trust Bhd, a member of the Maybank group, hopes to achieve RM2.2bil in total fund size for the financial year ending June 30, 2004, with focus on meeting different investors' needs.

Business 19 Aug 2003 | 12:00 AM

Toys "R" Us narrows second-quarter loss

Giant toy retailer Toys R'' Us Inc. said Monday it cut its second-quarter loss by a third as higher sales for its Internet, international and baby products divisions helped offset rising overhead expenses and slumping sales at its U.S. toy and children's apparel stores.

Business 15 Aug 2003 | 12:00 AM

Asia again generates lots of Internet traffic

INTERNET traffic, which was mostly moving from Asia to the United States previously, has seen a reversal of late as a result of improved Asian-generated content and businesses in the last two years, says William Barney, president and chief operating officer of Asia Netcom, a telecommunications carrier.

Business 14 Aug 2003 | 12:00 AM

Foster’s plans US$1b IPO for pubs unit

B>MELBOURNE: /B>Foster's Group Ltd, Australia's best-known beer maker, is looking to sell more than 100 pubs through an initial public offering (IPO) to raise nearly US$1bil for possible use in buying more wine makers, most likely in the United States.

Letters 10 Aug 2003 | 12:00 AM

Bet you the bookies are making big bucks

By WONG CHUN WAI

Business 05 Aug 2003 | 12:00 AM

Foreign business news in brief

Foreign business news in brief including from Singapore that loss-making ST Assembly Test Services Ltd, Asia's fifth largest microchip tester, said yesterday it has appointed a new chief financial officer, Dov Oshri, to hasten its return to profitability. He takes over from Pearlyne Wang.

Nation 26 Jul 2003 | 12:00 AM

4-D ring busted with arrests

Police have busted a major illegal four-digit betting syndicate with a weekly collection of nearly RM1mil following the arrest of two men and five women, at a house near Sungai Mati here.

Nation 26 Jul 2003 | 12:00 AM

MCA branch head charged with gambling

An MCA branch chairman and three others were charged in a magistrate's court here with gambling on the first floor of a shophouse in Taman Klang Utama here.

Nation 24 Jul 2003 | 12:00 AM

Protest over Dutch report

THE Malaysian embassy in The Hague has sent a protest note to Dutch newspaper I>Trouw/Ifor purportedly twisting Prime Minister Datuk Seri Dr Mahathir Mohamad#8217;s speech at the World Ulama Multaqa held in Putrajaya recently.

Nation 23 Jul 2003 | 12:00 AM

Politician, 12 others held over gambling activities

A local politician and 12 others were detained when police made several raids on Monday to weed out illegal gambling activities in Klang, Selangor.