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Business 02 Jan 2003 | 12:00 AM

RHB restructures borrowings

RASHID Hussain Bhd (RHB) has successfully completed the restructuring of its short-term borrowings totalling RM840mil into facilities with longer term maturities comprising RM280mil revolving credit facilities with tenures of three years, RM200mil bank guaranteed bonds with tenures of 5 years and RM360mil term loan facilities with tenures of seven years.

Business 03 Jan 2003 | 12:00 AM

Tasek appoints ex-banker MD

FORMER banker Teo Tong Kooi has been appointed managing director of cement manufacturer Tasek Corp Bhd with effect from yesterday.

Business 04 Jan 2003 | 12:00 AM

The year that was - 2002

YEAR 2002 was clearly one of many misses for the local stock market.

Business 07 Jan 2003 | 12:00 AM

BHP Billiton CEO makes surprise exit

The world#8217;s largest diversified mining group, BHP Billiton Ltd/Plc, announced the surprise resignation of chief executive Brian Gilbertson yesterday, citing #8220;irreconcilable differences#8221; with the board. Its executive director Chip Goodyear, known for his rigorous financial analysis, was appointed as the new CEO with immediate effect.

Business 14 Jan 2003 | 12:00 AM

Case steps down as AOL Time Warner chairman

Internet visionary Steve Case is stepping down as chairman of AOL Time Warner Inc, succumbing to scathing criticism that the record media merger he helped to engineer is a failure.

Business 15 Jan 2003 | 12:00 AM

CNN head quits, adding to turmoil

Walter Isaacson has stepped down as head of CNN just 18 months after taking the job to restore the pioneering all-news network's ratings dominance that it had lost to upstart Fox News, part of Rupert Murdoch's News Corp.

Business 16 Jan 2003 | 12:00 AM

Boardroom changes

RESORTS WORLD BHD has announced the appointment of Quah Chek Tin as executive director of the company effective Jan 15. Quah was appointed as the chief operating officer of the company on Nov 27 last year.

Business 18 Jan 2003 | 12:00 AM

In pursuit of transparency

THIS is a tale of two press releases. The first came out on Dec 12 and it was from the Securities Commission (SC). The other was issued a month later by Raytheon Company, a defence and aerospace systems supplier listed on the New York Stock Exchange.

Business 21 Jan 2003 | 12:00 AM

Pernas announces five new directors after eight left

PERNAS International Holdings Bhd (PIHB) has announced the resignation of eight of its 12 board members, seven of whom are Perbadanan Nasional Bhd representatives.

Business 26 Jan 2003 | 12:00 AM

Worries of war cause tumble

Stocks tumbled to their lowest levels since October on Friday as the specter of a US war against Iraq loomed over a market already spooked by the outlook for corporate profits during the rush of reporting season.