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Business

KLSE ends 2002 with a whimper, Maybank top loser

THE last trading day of 2002 saw the KLSE Composite Index (CI) closing not with a bang, but with a whimper. The much anticipated last minute window-dressing activities failed to make an impact. Instead heavyweight Maybank #150; a key component stock of the CI #150; lost 45 sen, dragging the market down.

Business

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

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

Wooing China, Mid-East tourists

TODAY'S CEO OUTLOOK 2003 features two CEOs in the hotel sector and one in the information technology (IT) industry

Business

Minority shareholders block Henderson unit buyout

Shareholders of Henderson Investment Ltd yesterday rejected a US$704mil plan by parent Henderson Land Development Ltd to take it private, killing the deal in a rare victory for Hong Kong shareholder activists.

Business

Foreign business news briefs

Foreign business news briefs including from New York that IBM Corp has closed a deal to sell its hard-disk drive assets to Hitachi Ltd for US$2.05bil, as part of an effort to cut non-performing assets.

Business

Lessons on giving reality a twist

A LITTLE over a month ago, the chief creative officer of Lowe Partners Worldwide, Adrian Holmes, was in the city to give a back-to-basics talk titled I>Thinking Inside the Box/I>.

Business

How high can it go?

ASK around.It is a foregone conclusion that the local stock market is currently not too far off its lowest ebb. The mostpertinent question is how high can the Kuala Lumpur Composite Index (CI)go in 2003?

Business

Asia's export worries

The gloom surrounding Asia#8217;s export-driven countries as they deal with worries about a slowing US economy and fears of war in Iraq have disguised an important factor #8211; their exports have actually been strong.

Business

Fighting the Bears

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