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Nation

Trader, stripped of datukship, shot dead

Businessman Tan Hock Low who was recently stripped of his datukship by the Sultan of Selangor was gunned down mafia style at a well-known restaurant in Jalan Imbi last night.

Letters

Increase in uniform prices hits poor families

The Government must check on public complaints about the price increase of school uniforms, I>Tamil Nesan /I>wrote.

Business

Affin Bank stake sale by year-end

AFFIN Holdings Bhd expects to complete the disposal of a 30% stake in wholly-owned subsidiary Affin Bank Bhd by the end of the year, said group managing director Datuk Lodin Wok Kamaruddin.

Business

NatSteel battle heads for bitter stalemate

An eight-month takeover battle for NatSteel Ltd looks set to end in bitter stalemate today, setting the stage for a messy boardroom brawl between two powerful Asian tycoons for control of the cash-rich steel miller.

Business

Contra trading - its attraction and affliction

By RAJEN DEVADASON

Business

Hotelier Ong wins control of NatSteel

Hotel magnate Ong Beng Seng won control of NatSteel Ltd yesterday, but only by a wafer-thin margin, ending an eight-month takeover battle for the cash-rich steel miller.

Business

Stocks up despite bleak job data

Stocks closed slightly higher on Friday as investors shrugged off early worries about dismal jobs data, while bonds rallied on the view that interest rates will remain low for months to come.

Business

US dollar drops further

WAR fears and uncertainties over the health of the US economy continued to apply downward pressure on the US dollar, sending it to a three-year low against the euro and a four-month low against the yen yesterday.

Business

SEC cracks down on bad reports, insider trading

US market regulators have voted to crack down on misleading financial reports by corporations and on insider sales of company stock by managers when rank-and-file workers are locked out of the market.

Nation

School block collapses

A block of the SRK Buang Sayang collapsed last week during the construction of a new building at the school, which is located about 80km from this east coast town.