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Business 01 Jan 2003 | 12:00 AM Premium

BT agrees to offload HK mobile operator stake

British telecoms giant BT Group has agreed to sell its stake in Hong Kong's third largest mobile operator SmarTone for about a third of what it paid for it in 1999 as it continues to dispose of investments to cut a pile of debt.

Business 02 Jan 2003 | 12:00 AM Premium

Allianz emerges as major risk insurance player after alliance

ALLIANZ General Insurance Malaysia Bhd has become one of the major industrial risk insurance players in Malaysia with a significant market share just two years into its strategic alliance with Germany#146;s Allianz AG, according to chief executive officer William Mei.

Business 03 Jan 2003 | 12:00 AM Premium

Lotus to expand presence in American market

Perusahaan Otomobil National Bhd#146;s British subsidiary, Group Lotus plc, will introduce a special version of its acclaimed I>Lotus Elise/Isports car into the American market in the middle of next year.

Business 04 Jan 2003 | 12:00 AM Premium

Fighting the Bears

Will it hurt to look at the stock market in 2003? What are the stocks worth putting your money in?

Business 04 Jan 2003 | 12:00 AM Premium

Investing in property abroad

JASON Tan, 34, started investing in Australian properties in 1995, two years before the financial crisis pulled the rug from under the feet of Asia. Today, he has one property in Malaysia, one in Singapore and six in Australia.

Business 05 Jan 2003 | 12:00 AM Premium

End of the road for James Bond's Esprit

After a 26-year run, it#8217;s the end of the road for Lotus Esprit, the sports car made famous by James Bond in I>The Spy Who Loved Me/I>.

Business 06 Jan 2003 | 12:00 AM Premium

No regrets becoming a hotelier

ALEXANDER Jovanovic, who studied to be a registered nurse in Australia, ended up instead working as a hotelier.

Business 07 Jan 2003 | 12:00 AM Premium

SmarTone may buy a smaller rival

SmarTone Telecommunications Holdings Ltd, Hong Kong#8217;s No. 3 mobile phone operator, may buy a smaller rival and pay more dividends after BT Group Plc sells out of the company, chief executive Douglas Li said.

Business 09 Jan 2003 | 12:00 AM Premium

Laura Ashley warns on profit

Laura Ashley Holdings Plc, the British fashion retailer owned by MUI Holdings Bhd, delivered a profit warning yesterday, saying same store sales were up 5% during the 23 weeks to Jan 4 and up 6% during the Christmas period.

Business 10 Jan 2003 | 12:00 AM Premium

P&O Princess crowns £3.3bil marriage with Carnival

Britain#8217;s PO Princess Cruises Plc has formally backed a £3.3bil merger with sector leader Carnival after it broke ties with former merger partner Royal Caribbean last week.