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Business 03 Jan 2003 | 12:00 AM

Asian employers turn to wage freeze

Employers in Asia are increasingly turning to wage freezes in 2003 with salary hike prospects clouded by a shaky global economic rebound and the threat of a US war with Iraq, according to a survey report published yesterday.

Business 03 Jan 2003 | 12:00 AM

Citibank buys 5% of Pudong Bank

Citibank, a unit of US financial titan Citigroup Inc, will pay about 600 million yuan (US$72mil) for a 5% stake in Shanghai Pudong Development Bank in its first strategic partnership in the potentially huge China market.

Business 04 Jan 2003 | 12:00 AM

DDB aims for top three in region

DDB International president (Asia-Pacific) Michael Bray is generous in his praise of DDB Worldwide's Malaysian operations, Naga DDB.

Business 06 Jan 2003 | 12:00 AM

How sustainable is our recovery?

Going into 2003, Malaysia economic recovery is expected to be sustainable in spite of a slowing US economy. We see real GDP sustaining at 4.3% in 2003 (2002e: 4.0%).

Business 06 Jan 2003 | 12:00 AM

Xian Leng hopes to net main board listing

DEVELOPING a hobby into a lucrative business and having that company listed on the second board of the KLSE is a feat. What's interesting is that the venture involved ornamental fish breeding, unlike the more popular technology or manufacturing-related businesses of companies seeking listing on the KLSE.

Business 11 Jan 2003 | 12:00 AM

Seagate records revenue of US$1.7bil in second quarter

SEAGATE Technology Inc has reported consolidated revenue of US$1.734bil for its second fiscal quarter ended Dec 28, 2002; with its Asia-Pacific operations making the highest contribution of 34%.

Business 13 Jan 2003 | 12:00 AM

NEC Australia to supply Telekom with boadband

NEC Corp of Japan said NEC Australia Pty Ltd had won a RM16mil contract to supply Telekom Malaysia Bhd with broadband xDSL platform through Pernec Corp Bhd, NEC's joint-venture company.

Business 15 Jan 2003 | 12:00 AM

Tekla sees boost from Asia Pacific

INFRASTRUCTURE management software provider Tekla (M) Sdn Bhd expects its Asia-Pacific market to rev up this year, with China posing rapid sales growth and Malaysia to be a consistent market, according to its managing director Ari Nassi.

Business 16 Jan 2003 | 12:00 AM

Asia hot pick of investors in 2003

Global investors are playing it safe in Asian markets amid fears of a possible war in Iraq and tensions over North Korea#8217;s nuclear programme, but they are seen ready to scoop up Asian technology stocks later this year.

Business 16 Jan 2003 | 12:00 AM

Intel 4th quarter profit almost doubles

Intel Corp, the world#8217;s largest maker of microprocessors, has posted fourth-quarter earnings that were almost double those a year earlier as revenues outpaced expectations on sales of higher-priced chips.