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