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Foreign news in brief

Highlights on: Citigroup considering 3 major buys; BHP Steel opens new plants in China; China Life steps up IPO plans

AseanPlus News

Lawmakers: Change corporate law

CHINA'S Corporate Law is in desperate need of changes to adapt to the needs of the market economy, deputies to the just concluded National People's Congress session urged. Deputies and legal professionals stress that the reform will require the revision of or scrapping of a host of laws.


More insurance firms to merge

The Government expects to see further consolidation of insurance companies in the country which will largely depend on market situations, Deputy Finance Minister Datuk Chan Kong Choy said.


The art of making money - £2.7bil worth


Business posts narrower 2002 loss, the Hong Kong media conglomerate backed by Asia#8217;s richest man Li Ka-shing, has reported a lower net loss for 2002 and expressed hope that recent talks on a Chinese television venture with AOL Time Warner Inc would bear fruit.


TH Group moves away from old economy

TH GROUP Bhd managing director Lei Lin Thai may not speak the language of technology and life sciences, but he certainly has the foresight to recognise an industry that might be hailed as the next big thing.


Pros & cons of measures

#8220;IT is the best the government can do in the current situation,#8221; says Alliance Merchant Bank's head of research Nor Zahidi Alias. He joins a chorus of other market observers and analysts on the recent 10-point measures to give the capital market a boost.


New rules for main board listing

PROPERTY development and construction companies are not allowed to seek listing under the new market capitalisation requirements announced by acting Prime Minister Datuk Seri Abdullah Ahmad Badawi yesterday.


News in brief

News in brief on Oharmaniaga, Ireka Corp, Jaya Tiasa and Amsteel.


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.