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Business 01 Jan 2003 | 12:00 AM

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 01 Jan 2003 | 12:00 AM

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 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

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 03 Jan 2003 | 12:00 AM

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 04 Jan 2003 | 12:00 AM

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 04 Jan 2003 | 12:00 AM

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 04 Jan 2003 | 12:00 AM

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 04 Jan 2003 | 12:00 AM

Goldman tops ranking

MORGAN Stanley, Merrill Lynch Co, and J.P. Morgan Chase Co, which dominated takeover advisory work in Singapore during 2001, saw their business slump more than 95% last year as volume shrank three-quarters.

Business 04 Jan 2003 | 12:00 AM

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.