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Japanese megabank Mizuho Holdings Inc is expecting a net loss of US$16.5bil for the year to March #8211; the biggest corporate loss ever in Japan -- as it dumps more bad loans, the latest example of a bank moving to clean up its balance sheet under pressure from the government.
IT IS perhaps with big dollops of artistic licence that a company which has been experiencing an erratic growth track record over the past five years and suffered a loss in 2001 should fashion itself as #147;one of Malaysia#146;s fastest growing corporations#148;.
Why does the business community prefer to arbitrate instead of litigate commercial disputes? I>SHAILA KOSHY/Ispeaks to former Court of Appeal Judge Datuk V.C. George whose calendar has been full, since retirement, hearing arbitrations.
MALAYSIA Airlines (MAS), continuing on its flight path to recovery, has turned in a net profit of RM330.4mil for its third quarter ended Dec 31, 2002. The result was boosted mainly by exceptional gains of RM229.4mil as a result of the airline#146;s widespread asset unbundling (WAU) scheme and RM77mil from the sale of aircraft and engines.