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Business 01 Jan 2003 | 12:00 AM

Global markets to be driven by geopolitics in short term

The first part yesterday of the roundtable discussions dwelt on the KLSE#8217;s lacklustre performance for 2002, and the factors contributing to its weakness. The concluding part talks about the market#8217;s probable outlook for this year, given the looming prospect of war in Iraq.

Business 01 Jan 2003 | 12:00 AM

S'pore may have avoided recession

SINGAPORE'S economy grew 2.2% in 2002 but may not fully recover until 2004, Prime Minister Goh Chok Tong said yesterday, suggesting the city-state might have escaped recession in the 4th quarter.

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 02 Jan 2003 | 12:00 AM

2002 a bumper year for commodities

LAST year was a bumper year for world commodity markets, unlike those for equities.

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

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

KLSE gets off to a rocky start

THE KLSE got off to a rocky start in the first trading day of the year as window-dressing activities that had lent support to the market in recent weeks apparently disappeared. The Composite Index (CI ) skidded nearly 14 points or 2.15% to 632.4 yesterday, as investors sold down their holdings, on heightened fears of war between the US and Iraq.

Business 03 Jan 2003 | 12:00 AM

US economy begins 2003 on fretful note

As it did a year ago, the US economy has entered 2003 in a fretful state.

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 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.