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Hyundai consortium signs MoU on Hanbo

A consortium of Hyundai Motor units sealed a preliminary contract yesterday to acquire Hanbo Iron and Steel, a bankrupt South Korean steel maker up for sale for seven years, officials said.


Malaysian torchbearers of the Olympic Flame

The Olympic Torch#8217;s global journey will begin on June 2, and the Malaysian representatives are set to carry the torch on July 10. ALLAN KOAY takes a brief look at the Olympic Games history and the five local sports heroes who will do the nation proud.


South Korean giants injecting fresh funds

South Korean conglomerates are injecting fresh investments following calls from President Roh Moo-Hyun in his meetings with top I>chaebol /I>leaders.


News in brief


Sun Power expects 30% increase in battery sales

HANDPHONE battery manufacturer Sun Power Energy Sdn Bhd expects to record about 30% growth in sales from RM5mil to RM6.5mil this year due to the high demand for such products in both the local and regional markets, CEO Matthew Cheah said


KL stock market falls 21.9 points

THE Kuala Lumpur Composite Index shed 21.93 points on Monday to 813.44, closing lower for the third consecutive trading day, as markets around Asia experienced the biggest plunge in two-and-a-half years.


Border area offers view of peace

A firefight last July at the Korean Demilitarised Zone (DMZ), 10 minutes#8217; drive from Kang Tae-rang#8217;s brick house, reminded the 62-year-old razor blade maker why he was able to buy his land so cheaply.


Foreign business news in brief

News briefs, including from Paris that the French bank BNP Paribas yesterday posted a 31% rise in first-quarter profit, beating forecasts, on growth in money management results, capital gains, and fewer loan loss provisions.


Team wins matches and hearts

They undertook the tour of Pakistan amidst uncertainty, fearing the unknown gunman who might target them because he bore a grudge against the rulers in Islamabad or New Delhi. The Indian Home Ministry almost cancelled the tour, citing security concerns. Coomi Kapoor looks at how cricket diplomacy won the day.


Fair to showcase brands with global recognition

Manufacturers, distributors and retailers who have penetrated into five countries or more will showcase their brands and products at the International Brands Consumer Fair (Ibcof) 2004, the country's first trade and consumer brand exhibition.