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Print - 2005-03-28
Soomro woos investors to avail potentials

Soomro woos investors to avail potentials

Senate Chairman Mohammedmian Soomro has said that Pakistan today is offering very big potentials for investors and entrepreneurs because of the economic policies being pursued by the present government. He was speaking as chief guest at the "Networking Di
Published 28 Mar, 2005 12:00am
China to present future socio-economic agenda at ACD

China to present future socio-economic agenda at ACD

Chinese Premier Wen Jiabao will present future agenda of socio-economic development in the Asian countries at Fourth Foreign Ministers' Asian Co-operation Dialogue (ACD) conference, scheduled to take place in Islamabad on April 5. A senior Chinese officia
Published 28 Mar, 2005 12:00am
Arrangements for Zardari arrival

Arrangements for Zardari arrival

Peoples Labour Bureau (PLB) Punjab will post special squads of its activists at the route of the reception procession for Asif Ali Zardari on April 16, 2005, to meet any eventuality. Talking to reporters at Lahore Press Club here on Saturday, Central In-c
Published 28 Mar, 2005 12:00am
73 fishermen with 2 Indian trawlers detained

73 fishermen with 2 Indian trawlers detained

Pakistani authorities detained 73 Asian and South Asian crewmembers after seizing two Indian registered fishing trawlers found plying Pakistan's waters in the Arabian sea, officials said on Sunday. The trawlers were intercepted by Maritime Security Agency
Published 28 Mar, 2005 12:00am
Five die as passenger pickup hits truck

Five die as passenger pickup hits truck

Five persons were killed while 18 others injured, two of them seriously, when a pickup packed with passengers heading to Kandhkot from Kashmor hit a stationary truck on Indus Highway near Mohammad Amin Bhangwar village on Sunday. The deceased were identif
Published 28 Mar, 2005 12:00am
'256 teachers called back from abroad'

'256 teachers called back from abroad'

Higher Education Commission Chairman Professor Dr Atta-ur-Rehman said on Sunday that 256 Pakistani teachers settled abroad have been called back and efforts were underway to bring more teachers back to raise the quality of higher education in the country.
Published 28 Mar, 2005 12:00am
F-16s offer due to Musharraf successful policies: Rashid

F-16s offer due to Musharraf successful policies: Rashid

Federal Information Minister, Sheikh Rashid on Sunday said the US announcement to sell F-16s to Pakistan is an ample proof of successful policies of President Pervez Musharraf. "Pakistan's foreign policy has been endorsed globally, which also certifies th
Published 28 Mar, 2005 12:00am
Restoration of cotton hedge market - a need of the hour

Restoration of cotton hedge market - a need of the hour

During British rule on Indian sub-continent, agricultural land running in thousands of acres was allocated to companies/firms owned and operated by foreigners specially the Britishers on long lease extending to 49 years and 99 years. Thus, Pakistan inheri
Published 28 Mar, 2005 12:00am
Restoration of cotton hedge market - a need of the hour

Restoration of cotton hedge market - a need of the hour

During British rule on Indian sub-continent, agricultural land running in thousands of acres was allocated to companies/firms owned and operated by foreigners specially the Britishers on long lease extending to 49 years and 99 years. Thus, Pakistan inheri
Published 28 Mar, 2005 12:00am
Hafeez calls for private sector investment in development

Hafeez calls for private sector investment in development

Federal Minister for Privatisation and Investment Dr Abdul Hafeez Shaikh has said that no country can make economic progress without national and foreign investment. He was speaking at the annual dinner of Hyderabad Chamber of Commerce and Industry here l
Published 28 Mar, 2005 12:00am
PAC to review defence ministry and CBR audit reports

PAC to review defence ministry and CBR audit reports

The Public Accounts Committee (PAC) of the National Assembly will initiate a five-day meeting here from Tuesday to look into the audit reports of the Ministry of Defence and the Central Board of Revenue (CBR) for fiscal year 2000-01. It is for the first t
Published 28 Mar, 2005 12:00am
PAC to review defence ministry and CBR audit reports

PAC to review defence ministry and CBR audit reports

The Public Accounts Committee (PAC) of the National Assembly will initiate a five-day meeting here from Tuesday to look into the audit reports of the Ministry of Defence and the Central Board of Revenue (CBR) for fiscal year 2000-01. It is for the first t
Published 28 Mar, 2005 12:00am
Duties and tax evasion: negligence will cost customs agents heavily

Duties and tax evasion: negligence will cost customs agents heavily

The Central Board of Revenue (CBR) has decided to make it mandatory for the customs agents to pay evaded amount of duties and taxes in cases where the evasion took place due to negligence of these agents. Under the proposed 'Customs Agent Licencing Rules
Published 28 Mar, 2005 12:00am
Duties and tax evasion: negligence will cost customs agents heavily

Duties and tax evasion: negligence will cost customs agents heavily

The Central Board of Revenue (CBR) has decided to make it mandatory for the customs agents to pay evaded amount of duties and taxes in cases where the evasion took place due to negligence of these agents. Under the proposed 'Customs Agent Licencing Rules
Published 28 Mar, 2005 12:00am
Small investors suffer huge losses at ISE

Small investors suffer huge losses at ISE

Small investors and margin hunters suffered huge losses at the Islamabad Stock Exchange (ISE) and panic-like situation prevailed during last week while ISE Network index nosed-dived as bears tightened their stranglehold. ISE Network index lost 1814.31 poi
Published 28 Mar, 2005 12:00am
Small investors suffer huge losses at ISE

Small investors suffer huge losses at ISE

Small investors and margin hunters suffered huge losses at the Islamabad Stock Exchange (ISE) and panic-like situation prevailed during last week while ISE Network index nosed-dived as bears tightened their stranglehold. ISE Network index lost 1814.31 poi
Published 28 Mar, 2005 12:00am
North Korea confirms bird flu outbreak

North Korea confirms bird flu outbreak

North Korea on Sunday confirmed a bird flu outbreak at two chicken farms in the capital Pyongyang and said the farms slaughtered and buried hundreds of thousands of chickens infected by the disease. But no one is reported to have been infected among breed
Published 28 Mar, 2005 12:00am
LSE index lost 18 percent

LSE index lost 18 percent

Dark clouds further deepened on Lahore Stock Exchange (LSE) last week as there was no let-up in the crisis, and the market index plunged 18 percent, while volume touched record low in the absence of buyers and sellers due to lower locks in almost all acti
Published 28 Mar, 2005 12:00am
LSE index lost 18 percent

LSE index lost 18 percent

Dark clouds further deepened on Lahore Stock Exchange (LSE) last week as there was no let-up in the crisis, and the market index plunged 18 percent, while volume touched record low in the absence of buyers and sellers due to lower locks in almost all acti
Published 28 Mar, 2005 12:00am
One killed in Naushki blast

One killed in Naushki blast

A man was killed when a bomb exploded in a small town in Balochistan, police said on Sunday. The bomb went off late Saturday on a road in Naushki, 135 kilometres west of Quetta, said local police officer Mohammad Arif. "It was a low intensity home-made de
Published 28 Mar, 2005 12:00am
One killed in Naushki blast

One killed in Naushki blast

A man was killed when a bomb exploded in a small town in Balochistan, police said on Sunday. The bomb went off late Saturday on a road in Naushki, 135 kilometres west of Quetta, said local police officer Mohammad Arif. "It was a low intensity home-made de
Published 28 Mar, 2005 12:00am
Real estate prices and car premium fall

Real estate prices and car premium fall

The continuous onslaught of bears pushed several stock players and investors back to the wall and, to settle their long outstanding positions, they offloaded their investment parked in real estate, resulting in decline in property prices ranging from 15 t
Published 28 Mar, 2005 12:00am
Real estate prices and car premium fall

Real estate prices and car premium fall

The continuous onslaught of bears pushed several stock players and investors back to the wall and, to settle their long outstanding positions, they offloaded their investment parked in real estate, resulting in decline in property prices ranging from 15 t
Published 28 Mar, 2005 12:00am
Real estate prices and car premium fall

Real estate prices and car premium fall

The continuous onslaught of bears pushed several stock players and investors back to the wall and, to settle their long outstanding positions, they offloaded their investment parked in real estate, resulting in decline in property prices ranging from 15 t
Published 28 Mar, 2005 12:00am
World Bank asks government to approve water policy in a month

World Bank asks government to approve water policy in a month

The World Bank has bound the government to approve National Water policy (NWP) within one month and establish Water Policy Cell in the Water and Power Ministry for extending technical support for the proposed National Water Council (NWC), it is learnt. "T
Published 28 Mar, 2005 12:00am
World Bank asks government to approve water policy in a month

World Bank asks government to approve water policy in a month

The World Bank has bound the government to approve National Water policy (NWP) within one month and establish Water Policy Cell in the Water and Power Ministry for extending technical support for the proposed National Water Council (NWC), it is learnt. "T
Published 28 Mar, 2005 12:00am
World Bank asks government to approve water policy in a month

World Bank asks government to approve water policy in a month

The World Bank has bound the government to approve National Water policy (NWP) within one month and establish Water Policy Cell in the Water and Power Ministry for extending technical support for the proposed National Water Council (NWC), it is learnt. "T
Published 28 Mar, 2005 12:00am
Pakistan to get $1 billion FDI this year: minister

Pakistan to get $1 billion FDI this year: minister

Federal Minister for Privatisation and Investment Dr Abdul Hafeez Shaikh on Sunday said here that Pakistan has great potential for foreign investment in various sectors and, for the first time, it would attract a foreign direct investment (FDI) of $1 bill
Published 28 Mar, 2005 12:00am
Pakistan to get $1 billion FDI this year: minister

Pakistan to get $1 billion FDI this year: minister

Federal Minister for Privatisation and Investment Dr Abdul Hafeez Shaikh on Sunday said here that Pakistan has great potential for foreign investment in various sectors and, for the first time, it would attract a foreign direct investment (FDI) of $1 bill
Published 28 Mar, 2005 12:00am
Dividend yields become attractive after KSE fall

Dividend yields become attractive after KSE fall

The massive fall at Karachi Stock Exchange (KSE) has made several scrips attractive as their dividends yield are about to hit the double-digit deck, but investors would take time to build their portfolios again as the decline has made them jittery, analys
Published 28 Mar, 2005 12:00am
Dividend yields become attractive after KSE fall

Dividend yields become attractive after KSE fall

The massive fall at Karachi Stock Exchange (KSE) has made several scrips attractive as their dividends yield are about to hit the double-digit deck, but investors would take time to build their portfolios again as the decline has made them jittery, analys
Published 28 Mar, 2005 12:00am
Dividend yields become attractive after KSE fall

Dividend yields become attractive after KSE fall

The massive fall at Karachi Stock Exchange (KSE) has made several scrips attractive as their dividends yield are about to hit the double-digit deck, but investors would take time to build their portfolios again as the decline has made them jittery, analys
Published 28 Mar, 2005 12:00am
Worst crisis engulfs stock market

Worst crisis engulfs stock market

The share market last week witnessed its worst crisis as KSE index plunged more than 16 percent, with volume in key stocks dropping drastically and several investors and stock brokers suffered mammoth losses because of the pending March Futures contracts.
Published 28 Mar, 2005 12:00am
Worst crisis engulfs stock market

Worst crisis engulfs stock market

The share market last week witnessed its worst crisis as KSE index plunged more than 16 percent, with volume in key stocks dropping drastically and several investors and stock brokers suffered mammoth losses because of the pending March Futures contracts.
Published 28 Mar, 2005 12:00am
Mixed trend in currency market

Mixed trend in currency market

The rupee moved both ways against dollar last week but gained steeply versus euro, dealers said. The rupee, in terms of dollar, moved down, losing 15 paisa in the open market for buying and selling at Rs 59.75 and Rs 59.85, but gained sharply versus euro
Published 28 Mar, 2005 12:00am
Mixed trend in currency market

Mixed trend in currency market

The rupee moved both ways against dollar last week but gained steeply versus euro, dealers said. The rupee, in terms of dollar, moved down, losing 15 paisa in the open market for buying and selling at Rs 59.75 and Rs 59.85, but gained sharply versus euro
Published 28 Mar, 2005 12:00am
Three-man body to monitor Balochistan situation

Three-man body to monitor Balochistan situation

Prime Minister Shauakat Aziz said here on Sunday that a three-member committee would be formed to monitor the Balochistan situation. The committee will have one representative of the government and one member nominated by Nawab Akbar Bugti and Mushahid Hu
Published 28 Mar, 2005 12:00am
Three-man body to monitor Balochistan situation

Three-man body to monitor Balochistan situation

Prime Minister Shauakat Aziz said here on Sunday that a three-member committee would be formed to monitor the Balochistan situation. The committee will have one representative of the government and one member nominated by Nawab Akbar Bugti and Mushahid Hu
Published 28 Mar, 2005 12:00am
Consortium arranges Rs 19 billion to end KSE crisis

Consortium arranges Rs 19 billion to end KSE crisis

A consortium of banks has arranged a financing line to the tune of Rs 19 billion for the stock brokers and investors to overcome the crisis created as they failed to meet the settlement of March Futures contracts. In a midnight session held on Saturday/Su
Published 28 Mar, 2005 12:00am
Consortium arranges Rs 19 billion to end KSE crisis

Consortium arranges Rs 19 billion to end KSE crisis

A consortium of banks has arranged a financing line to the tune of Rs 19 billion for the stock brokers and investors to overcome the crisis created as they failed to meet the settlement of March Futures contracts. In a midnight session held on Saturday/Su
Published 28 Mar, 2005 12:00am
Consortium arranges Rs 19 billion to end KSE crisis

Consortium arranges Rs 19 billion to end KSE crisis

A consortium of banks has arranged a financing line to the tune of Rs 19 billion for the stock brokers and investors to overcome the crisis created as they failed to meet the settlement of March Futures contracts. In a midnight session held on Saturday/Su
Published 28 Mar, 2005 12:00am
Will financial institutions re-enter share market today?

Will financial institutions re-enter share market today?

Will the financial institutions re-enter the market in a big way on the buy side on Monday, is the question. Without them the stock market rally cannot take place and stop the slide, say the analysts. Trading can only take place in scrips if they do not d
Published 28 Mar, 2005 12:00am
Will financial institutions re-enter share market today?

Will financial institutions re-enter share market today?

Will the financial institutions re-enter the market in a big way on the buy side on Monday, is the question. Without them the stock market rally cannot take place and stop the slide, say the analysts. Trading can only take place in scrips if they do not d
Published 28 Mar, 2005 12:00am
Will financial institutions re-enter share market today?

Will financial institutions re-enter share market today?

Will the financial institutions re-enter the market in a big way on the buy side on Monday, is the question. Without them the stock market rally cannot take place and stop the slide, say the analysts. Trading can only take place in scrips if they do not d
Published 28 Mar, 2005 12:00am
The Weather

The Weather

The weather report on Sunday (March 27) and the forecast for Monday (March 28, 2005).
Published 28 Mar, 2005 12:00am
Your rupee last week

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week.(March 21 to 26, 2005).

Published 28 Mar, 2005 12:00am
Banks: MUSLIM COMMERCIAL BANK LIMITED - Year Ended 31-12-2004

Banks: MUSLIM COMMERCIAL BANK LIMITED - Year Ended 31-12-2004

Muslim Commercial Bank Limited (MCB) is a banking company incorporated in Pakistan and is engaged in commercial banking and related services. MCB is listed on all the stock exchanges in Pakistan. MCB has two wholly-owned subsidiaries, MNET Services (Priva
Published 28 Mar, 2005 12:00am
Banks: MUSLIM COMMERCIAL BANK LIMITED - Year Ended 31-12-2004

Banks: MUSLIM COMMERCIAL BANK LIMITED - Year Ended 31-12-2004

Muslim Commercial Bank Limited (MCB) is a banking company incorporated in Pakistan and is engaged in commercial banking and related services. MCB is listed on all the stock exchanges in Pakistan. MCB has two wholly-owned subsidiaries, MNET Services (Priva
Published 28 Mar, 2005 12:00am
Roses in May eyes Breeders' Cup

Roses in May eyes Breeders' Cup

Owner Ken Ramsey gave Roses in May his name in the forlorn hope that the colt would win the Kentucky Derby. The first leg of the US Triple Crown, raced on the first Saturday of every May, is known as The Run for Roses as the winner is traditionally garlan
Published 28 Mar, 2005 12:00am
Fierce fighting revives public interest in Test matches

Fierce fighting revives public interest in Test matches

Whatever is going to be the resultant outcome of final Test of the ongoing Pakistan-India cricket series one thing that has become more than clear is the fact, that the three-Test series revived public interest in the Test matches. By every reckoning, Tes
Published 28 Mar, 2005 12:00am
Westwood and Donald share lead at PGA Championship

Westwood and Donald share lead at PGA Championship

England's Lee Westwood and Luke Donald matched Americans Joe Durant and Tim Herron atop the leaderboard Sunday as the third round of the storm-plagued US PGA Players Championship began. Donald completed his final five holes at one-under par Sunday to fini
Published 28 Mar, 2005 12:00am
Dump newspapers to avoid pressure: Inzamam

Dump newspapers to avoid pressure: Inzamam

Pakistan captain Inzamam-ul-Haq has found a novel method of avoiding pressure during his team's high-profile cricket tour of India keep away from newspapers. "I'm not reading newspapers at all on this tour. This is the best way to avoid pressure on a toug
Published 28 Mar, 2005 12:00am
Rapid Ponting century hauls Australia close to New Zealand

Rapid Ponting century hauls Australia close to New Zealand

Australian captain Ricky Ponting blasted a century at a rapid one-day pace to put his side within 73 runs of New Zealand's first innings total with six wickets in hand at the close of day two of the third cricket Test here Sunday. However, Australia's fra
Published 28 Mar, 2005 12:00am
FIH plans to enrich hockey by drawing in sponsors

FIH plans to enrich hockey by drawing in sponsors

Sahara India Pariwar in is first international venture has joined hands with the International Hockey Federation (FIH) into corporatisation of the game in an historically large way by sponsoring the Junior Hockey Tournament which got under way in Malaysia
Published 28 Mar, 2005 12:00am
New Zealand newspaper warned over Warne investigation

New Zealand newspaper warned over Warne investigation

A New Zealand newspaper said Sunday it had been the target of a legal warning and a public relations offensive after it began investigating allegations involving Australian cricket star Shane Warne and a text message. The Sunday News said it had received
Published 28 Mar, 2005 12:00am
Afridi and Younis set up a thriller at Bangalore

Afridi and Younis set up a thriller at Bangalore

A blistering half-century from opener Shahid Afridi and Younis Khan's solid 84 not out allowed Pakistan to set India a challenging 383-run target in the third and final Test here on Sunday. Afridi (58) completed his fifty off just 26 deliveries, the quick
Published 28 Mar, 2005 12:00am
Sanyo to announce revised earnings forecast

Sanyo to announce revised earnings forecast

Sanyo Electric Co Ltd, Japan's third-largest consumer electronics maker, said on Wednesday it would announce revisions to its earnings forecasts for the 2004/05 business year at 0630 GMT. The Osaka-based company did not say whether the revision would be u
Published 28 Mar, 2005 12:00am
Sanyo to announce revised earnings forecast

Sanyo to announce revised earnings forecast

Sanyo Electric Co Ltd, Japan's third-largest consumer electronics maker, said on Wednesday it would announce revisions to its earnings forecasts for the 2004/05 business year at 0630 GMT. The Osaka-based company did not say whether the revision would be u
Published 28 Mar, 2005 12:00am
Lexar says jury orders Toshiba to pay $380 million

Lexar says jury orders Toshiba to pay $380 million

Lexar Media Inc, a maker of memory cards used in computers and digital cameras, on Wednesday said a jury found Toshiba Corp liable for breach of fiduciary duty and theft of trade secrets and awarded Lexar more than $380 million in damages. The jury in the
Published 28 Mar, 2005 12:00am
Lexar says jury orders Toshiba to pay $380 million

Lexar says jury orders Toshiba to pay $380 million

Lexar Media Inc, a maker of memory cards used in computers and digital cameras, on Wednesday said a jury found Toshiba Corp liable for breach of fiduciary duty and theft of trade secrets and awarded Lexar more than $380 million in damages. The jury in the
Published 28 Mar, 2005 12:00am
Renesas to invest 100 yen billion for capacity boost

Renesas to invest 100 yen billion for capacity boost

Renesas Technology Corp, the world's fifth biggest chip maker, said on Friday it would invest about 100 billion yen ($940 million) by March 2007 to expand production capacity at its plant in eastern Japan. Satoru Ito, the company's incoming chief executiv
Published 28 Mar, 2005 12:00am
Renesas to invest 100 yen billion for capacity boost

Renesas to invest 100 yen billion for capacity boost

Renesas Technology Corp, the world's fifth biggest chip maker, said on Friday it would invest about 100 billion yen ($940 million) by March 2007 to expand production capacity at its plant in eastern Japan. Satoru Ito, the company's incoming chief executiv
Published 28 Mar, 2005 12:00am
New Sony chief executive likely to boost outsourcing

New Sony chief executive likely to boost outsourcing

As Sony Corp's new chief executive settles in with a mandate to shake up the struggling electronics company, analysts expect it to increase outsourcing, benefiting large, contract manufacturers. Sony already outsources production of some of its electronic
Published 28 Mar, 2005 12:00am
Advantest sees orders recovery in April-September

Advantest sees orders recovery in April-September

Advantest Corp, the world's largest maker of chip-testing equipment, said on Thursday orders would likely remain on a recovery path in the next six months, but it was hard to say what would happen after that. Advantest President Toshio Maruyama told Reute
Published 28 Mar, 2005 12:00am
Advantest sees orders recovery in April-September

Advantest sees orders recovery in April-September

Advantest Corp, the world's largest maker of chip-testing equipment, said on Thursday orders would likely remain on a recovery path in the next six months, but it was hard to say what would happen after that. Advantest President Toshio Maruyama told Reute
Published 28 Mar, 2005 12:00am
Deutsche Securities cuts its investment rating on Sanyo

Deutsche Securities cuts its investment rating on Sanyo

Deutsche Securities said on Friday it had cut its investment rating on Sanyo Electric Co Ltd to "sell" from "hold", citing concerns about the consumer electronics maker's financial health. Earlier this week, Japan's third-largest consumer electronics make
Published 28 Mar, 2005 12:00am
Deutsche Securities cuts its investment rating on Sanyo

Deutsche Securities cuts its investment rating on Sanyo

Deutsche Securities said on Friday it had cut its investment rating on Sanyo Electric Co Ltd to "sell" from "hold", citing concerns about the consumer electronics maker's financial health. Earlier this week, Japan's third-largest consumer electronics make
Published 28 Mar, 2005 12:00am
TiVo to enter Japan market

TiVo to enter Japan market

TiVo Inc will offer its digital video recording service in Japan as early as next year, possibly by partnering with local firms, the Nihon Keizai Shimbun reported on Monday, quoting TiVo CEO Michael Ramsay. TiVo, a California-based company whose systems l
Published 28 Mar, 2005 12:00am
Tibco posts profit, sales outlook below consensus

Tibco posts profit, sales outlook below consensus

Business software maker Tibco Software Inc on Thursday met lowered expectations with a 22 percent rise in profit but forecast current-quarter earnings could miss Wall Street targets. Tibco, whose shares traded slightly lower after hours, warned earlier th
Published 28 Mar, 2005 12:00am
Tibco posts profit, sales outlook below consensus

Tibco posts profit, sales outlook below consensus

Business software maker Tibco Software Inc on Thursday met lowered expectations with a 22 percent rise in profit but forecast current-quarter earnings could miss Wall Street targets. Tibco, whose shares traded slightly lower after hours, warned earlier th
Published 28 Mar, 2005 12:00am
Singulus not able to say about anticipated fall in sales and earnings

Singulus not able to say about anticipated fall in sales and earnings

Singulus, the world's biggest maker of equipment for replicating CDs and DVDs, said it could not be precise about an anticipated fall in sales and earnings this year after posting stronger quarterly profit. The German company said in a statement on Thursd
Published 28 Mar, 2005 12:00am
Singulus not able to say about anticipated fall in sales and earnings

Singulus not able to say about anticipated fall in sales and earnings

Singulus, the world's biggest maker of equipment for replicating CDs and DVDs, said it could not be precise about an anticipated fall in sales and earnings this year after posting stronger quarterly profit. The German company said in a statement on Thursd
Published 28 Mar, 2005 12:00am
Konica Minolta lowers '2005-06 profit target

Konica Minolta lowers '2005-06 profit target

Japan's Konica Minolta Holdings Inc on Friday cut its operating profit forecast for the next business year by 38 percent, reflecting slower-than-expected demand for copiers and sliding digital camera prices. Konica Minolta, the world's number four copier
Published 28 Mar, 2005 12:00am
Konica Minolta lowers '2005-06 profit target

Konica Minolta lowers '2005-06 profit target

Japan's Konica Minolta Holdings Inc on Friday cut its operating profit forecast for the next business year by 38 percent, reflecting slower-than-expected demand for copiers and sliding digital camera prices. Konica Minolta, the world's number four copier
Published 28 Mar, 2005 12:00am
Fuji TV offers sharers to fend off Livedoor

Fuji TV offers sharers to fend off Livedoor

Japan's embattled Fuji Television Network Inc has called on around 50 companies to buy its shares to fend off a young Internet entrepreneur's bid for control, the Nihon Keizai Shimbun said on Saturday. The reported defence move is the latest twist in a $2
Published 28 Mar, 2005 12:00am
Fuji TV offers sharers to fend off Livedoor

Fuji TV offers sharers to fend off Livedoor

Japan's embattled Fuji Television Network Inc has called on around 50 companies to buy its shares to fend off a young Internet entrepreneur's bid for control, the Nihon Keizai Shimbun said on Saturday. The reported defence move is the latest twist in a $2
Published 28 Mar, 2005 12:00am
Japan mobile phone shipments fell in 2004

Japan mobile phone shipments fell in 2004

Mobile phone shipments in Japan in 2004 fell 10.5 percent from the previous year as the market matured and as fewer consumers upgraded their phones amid a dearth of compelling new features, an industry group said on Wednesday. Japanese mobile phone makers
Published 28 Mar, 2005 12:00am
Japan mobile phone shipments fell in 2004

Japan mobile phone shipments fell in 2004

Mobile phone shipments in Japan in 2004 fell 10.5 percent from the previous year as the market matured and as fewer consumers upgraded their phones amid a dearth of compelling new features, an industry group said on Wednesday. Japanese mobile phone makers
Published 28 Mar, 2005 12:00am
J-Com targets strong growth through 2008

J-Com targets strong growth through 2008

Japan's biggest cable TV company, Jupiter Telecommunications Co Ltd, said on Thursday it aims to increase its sales by 15 percent as it also expands its customer base by 10 to 15 percent each year through 2008. Jupiter, which made its stock market debut o
Published 28 Mar, 2005 12:00am
J-Com targets strong growth through 2008

J-Com targets strong growth through 2008

Japan's biggest cable TV company, Jupiter Telecommunications Co Ltd, said on Thursday it aims to increase its sales by 15 percent as it also expands its customer base by 10 to 15 percent each year through 2008. Jupiter, which made its stock market debut o
Published 28 Mar, 2005 12:00am
Personal computer sales forecast

Personal computer sales forecast

Growth of global personal computer sales is expected to cool to about 9.7 percent in 2005, market research firm IDC said on March 23, scaling back its prior forecast of 10.1 percent growth. The downgrade is the result of a delayed recovery in Japan and a
Published 28 Mar, 2005 12:00am
Personal computer sales forecast

Personal computer sales forecast

Growth of global personal computer sales is expected to cool to about 9.7 percent in 2005, market research firm IDC said on March 23, scaling back its prior forecast of 10.1 percent growth. The downgrade is the result of a delayed recovery in Japan and a
Published 28 Mar, 2005 12:00am
Nokia announces availability of 9300 smartphone in Pakistan

Nokia announces availability of 9300 smartphone in Pakistan

Nokia announced the scheduled availability of the Nokia 9300 smartphone in the Pakistan. Already named the 'must have' mobile device for 2005, the new Nokia 9300 smartphone has outstanding voice and data capabilities, providing the best all-in-one device
Published 28 Mar, 2005 12:00am
Ericsson offers cut-price gear to Bangladesh

Ericsson offers cut-price gear to Bangladesh

Swedish telecoms equipment manufacturer Ericsson said on March 23 that it would offer cheaper network gear to operators in Bangladesh to help them reach people currently unable to afford communications services. "We shall offer around a 20 percent discoun
Published 28 Mar, 2005 12:00am
Pioneer to cut jobs, close plants amid slump in profit

Pioneer to cut jobs, close plants amid slump in profit

Japanese consumer electronics maker Pioneer Corp said on March 23 that it would cut 5 percent of its group workforce and shutter about one-fourth of its factories to help it recover from a deep earnings slump. Pioneer, which is forecasting a group net los
Published 28 Mar, 2005 12:00am
Pioneer to cut jobs, close plants amid slump in profit

Pioneer to cut jobs, close plants amid slump in profit

Japanese consumer electronics maker Pioneer Corp said on March 23 that it would cut 5 percent of its group workforce and shutter about one-fourth of its factories to help it recover from a deep earnings slump. Pioneer, which is forecasting a group net los
Published 28 Mar, 2005 12:00am
Adams Laboratories seeks $125 million IPO

Adams Laboratories seeks $125 million IPO

Adams Laboratories Inc, which focuses on the treatment of respiratory disorders, on Friday said it may sell as much as $125 million in common stock in an initial public offering. The company currently markets two over-the-counter products under the Mucine
Published 28 Mar, 2005 12:00am
New Saudi cement firm to tap booming market

New Saudi cement firm to tap booming market

A soon-to-be established Saudi cement firm plans to build a new multi-million dollar factory to help feed the kingdom's oil-driven construction boom, one of the company's founding directors told Reuters. The Riyadh Cement Company (RCC) is due on Monday to
Published 28 Mar, 2005 12:00am
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