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Business 21 Feb 2003 | 12:00 AM

Philippine shares end down as bank stocks decline

Philippine shares finished lower Friday for the fourth straight session, as the market's mood remained bearish due to a number of domestic and overseas problems, traders said.

Business 24 Feb 2003 | 12:00 AM

Philippine shares end down Monday

Philippine shares ended lower for the fifth straight session on Monday because of jitters over a possible war in Iraq and bombings in the country's south, traders said.

Business 26 Feb 2003 | 12:00 AM

Philippine shares end lower for sixth straight session Wednesday

Philippine shares ended lower Wednesday for the sixth straight session, weighed down by geopolitical and economic concerns, and a drop in banking and telecommunications stocks, traders said.

Business 03 Mar 2003 | 12:00 AM

Philippine shares end higher Monday on bargain hunting

Philippine shares ended higher Monday on follow through bargain hunting in select blue chips led by the B shares of Manila Electric, or Meralco, traders said.

Business 17 Mar 2003 | 12:00 AM

Global effort to curb money laundering

THREE DAYS before Sept 11, 2001, Mohamed Atta, the man who piloted American Airlines flight 11 into the North Tower of the World Trade Centre (WTC) in New York, wired out a total of US$7,860 from two grocery stores in Maryland. On Sept 10, Marwan al-Shehri sent US$5,400 from a Greyhound bus terminal in Boston before he commandeered United Airlines flight 175 the next day, crashing it into the WTC South Tower. In both cases, the recipient of the funds was a terrorist support network based in the United Arab Emirates (UAE).

Business 17 Mar 2003 | 12:00 AM

Governance becoming a big issue in banking

Governance is becoming a big issue in Banking, especially with the intense focus on anti-money laundering. Kai Nargowala, Stanchart group executive directors (governance) Asia shares his views on aspects of governance, and on banking as a whole.

Business 16 May 2003 | 12:00 AM

European offshore private banks facing extinction

The cosy, privileged world of European offshore private banking, a traditional escape from the taxman, is facing extinction amid mounting regulatory pressures with the ultra-secretive Swiss banks most in the firing line, a major industry survey said.

Business 24 Jun 2003 | 12:00 AM

Joint US-M’sia force to check fraud

THE US and Malaysia have been working #147;very well together#148; in stopping and tracking down laundered money, said US embassy deputy chief of mission Robert A. Pollard, who also called on banks, financial institutions and corporations to help stem the tide of money laundering.

Business 08 Jul 2003 | 12:00 AM

Switzerland pledges cooperation in combating money laundering

THE Swiss government will continue to cooperate with foreign authorities, including Malaysia, in combating money laundering and other forms of financial wrongdoings involving its banking industry.

Business 10 Jul 2003 | 12:00 AM

39% of Asia-Pac firms hit by economic crime: Survey

THIRTY-NINE per cent of businesses in the Asia-Pacific have suffered from economic crime in the last two years with an average recovery on loss of 20% or less, a survey showed.