The Business Times, 17 November 2001

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Microfilm: NL23287
Total Pages: 16
1 16 The Business Times
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  • Title Section
    Lock icon Masthead
    20 1 THE BUSINESS TIMES weekend MITA (Pi 107 03- 2001 85f NOVEMBER 17-IS, 2001 i»«?t Irttp ivww Uisiiit'ss .usial i.diii si|
    20 words
  • Article, Illustration
    Lock icon Hsien Yang's marathon bond sales trip pays off
    690 1  -  Goldman: great sales Job clinched issue's success By Teh Hooi Ling [SINGAPORE] Singapore Telecommunications' president and chief executive Lee Hsien Yang "didn't sleep for five nights" as he led his teams on a whirlwind tour of the world to sell the biggest
    FILE PHOTO  -  690 words
  • Article
    Lock icon Insurers look to lower some projected returns
    624 1  -  EXCLUSIVE Poorer investment returns and low interest rates are prompting review Bk Genevieve Cua [SINGAPORE] The Life Insurance Association (LIA) is looking at re-pegging the long-term projected rate of return on traditional with-proflts products from the current 6 per cent a year to
    624 words
  • Article
    Lock icon Economy has become more volatile: MTI
    854 1  -  5.6% Q3 contraction unchanged from flash estimate; manufacturing down a record 19% By Eugene Low [SINGAPORE] The Singapore economy, which shrank 5.6 per cent year-on-year in the third quarter, has become more volatile since the Asian financial crisis and is expected to remain weak
    854 words
  • Article, Illustration
    Lock icon Private sector hasn't been pulling its weight
    716 1  -  SATURDAY SOAPBOX anna teo THERE isn't much of a silver lining in the latest report on the Singapore economy, the Ministry of Trade Industry's chief economist, Tan Kong Yam, told a media conference yesterday. "It's more like copper lining," he added in characteristic
    716 words
  • Article
    Lock icon Key indicators
    65 1 Q***** Unemployment rate 3.8% Net jobs added -12,500 Retrenchment (no of jobs) 8,200 Productivity growth -8.4% Unit business cost 10.1% Inflation 041% Non-oil domestic export growth -28.3% Official foreign reserves $133b Composite leading index -15.8% GDP growth Year-on-year -5.6% Quarter-on-quartef* -11.1% Sector growth vov% Manufacturing -19.1 Construction -3.9
    65 words
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  • next page
    • Article, Illustration
      Lock icon US bond fall brings out S'pore sellers
      570 2  -  MARKET REVIEW r sivanithy A PLUNGE in US Treasuries, brought on by the possibility that the US Federal Reserve may be done cutting interest rates, slammed the brakes on the Straits Times Index yesterday. There was also a sudden sell-down in a handful
      570 words
    • Article
      Lock icon MARKETS
      77 2 Dsn M2U7 (-10.00) BT4RI #82.38 (-4.74) 8T INDEX FUTURES M 38.00 (-7.00) BIMBCI FUTURES 177.90 (-0.10) Friday Change KLSE COMP 6J5J1 +181 NIKKEI 226 —10,(49.09 +***** HANG SENG —*****17 +4748 SET INDEX tf6M +7 36 JAKARTA COMP J78J7 +0i9 MANILA OOMP -UBU4 +17.48 TAIPEI WPI 4,446.62 +4108 SEOUL COMP
      77 words
    • Article
      Lock icon FINANCE
      69 2 FOREX RATES us$ t$ USS (S$ per USS) 1.817 £(l'SS/S$ per 1.434 1634 EURO(US$/S$/E) 0.884 1.624 DM 1211 1J04 YEN 1212 66.50 RM J .800 2.009 HKS 7.800 4146 BAHT 44.44 24.19 RUPIAH 10,608 6.776 PRIME RATES SINGAPORE* 536 KUALA LUMPUR 640 HONG KONG 525 JAKARTA —39.00 TAIPEI 6.79
      69 words
    • Article
      Lock icon Stanchart, DBS to manage SMRT's $500m bond sale
      445 2  -  Rail operator's first bond issue to be split into 3-and 5-year tranches By Angela Tan [SINGAPORE] In the wake of Singapore Telecommunication's (Sing Tel) successful bond issue, SMRT Corp Ltd yesterday announced it has mandated DBS Bank and Standard Chartered Bank to
      445 words
    • Article
      Lock icon 21.6% Min Oct exports is better than expected
      618 2  -  By Chuang Peck Ming [SINGAPORE] Singapore's non-oil domestic exports (NODX) performed better than expected last month, leading some analysts to proclaim that the worst may be over for the economy. While the closely watched NODX fell 21.6 per cent from a year
      618 words
    • Article, Illustration
      Lock icon Silicon Valley takes a fresh look at South-east Asia
      929 2  -  VALLEY VI EW And it generally likes what it sees, especially in Singapore jennifer lien [SILICON VALLEY] ALL of a sudden, South-east Asia is in the news. Before Sept 11, it was China that hogged the US headlines. But the terrorist
      929 words
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  • in the news
    • Article, Illustration
      Lock icon New single-premium sales show marked fall in Q3
      519 3  -  Sales of $1.5b versus Ql's $3.4b, but first 9-month sales up over three times year-on-year Byi Genevieve Cua NEW single-premium investment sales by the life insurance industry slowed markedly in the third quarter, dampened by an uncertain economic outlook, rocky markets and
      Source: Life insurance Assn  -  519 words
    • Article
      Lock icon Mid-Con placee wanted to sell but did not
      560 3  -  This was probably due to uncertainty over what the right price was: witness By Serena Ng ONE of the five placees in the initial public offer of Mid-Continent Equipment Group had intended several times to sell his placement shares after the price
      560 words
    • Article
      Lock icon China Aviation Oil (S) gets SGX listing nod
      368 3  -  By Teh Hooi Ling CHINA'S sole importer of jet ftiel said yesterday it has received in-principle approval from the Singapore Exchange for a mainboard listing. China Aviation Oil (Singapore) Corporation (CAO) hopes to raise more than US$2O million from its initial public
      368 words
    • IN BRIEF
      • Article
        Lock icon Dismal take-up for I-One rights
        90 3 I-ONE.NET International said its rights issue of more than 200 million shares has been undersubscribed by a massive 94.78 per cent. The issue is not folly underwritten. UOB Kay Hian Pte Ltd (UOBKH) underwrote ISO million rights shares and into account the acceptances and applications,
        90 words
      • Article
        Lock icon JeJe launches offer for Mayfran
        98 3 Reuters SINGAPORE-BASED JeJe Corp, which secured a backdoor listing after gaining control of Mayfran International, yesterday made a general offer for the bedsheet maker. Indonesian Johnlin Yuwono, who controls JeJe, offered 23 cents per share for the remaining Mayfran shares, the same price he had
        Reuters  -  98 words
      • Article
        Lock icon Food Junction IPO sold out
        50 3 FOOD Junction Holdings' initial public offering has been ftilly subscribed. The 20 million new shares— made up of placement and reserved shares— represent about 20 per cent of the food court operator's enlarged capital. The shares, priced at 20 cents each, start trading on Monday.
        50 words
      • Article
        Lock icon Globe to spend US$65m on cable station
        110 3 AFX-ASIA GLOBE Telecom said it expects to spend US$65 million on a cable landing station and backhaul facility which will allow it to sell capacity to carriers and Internet companies on a wholesale basis. The company said it launched the US$25 million cable
        AFX-ASIA  -  110 words
    • Article
      Lock icon SGX clarifies baying-in process
      374 3  -  MAIL B A G Peter Chia Executive Vice-President Head of Securities Clearing and Depository Singapore Exchange WE refer to your Hock Lock Siew column "Buying-in solution needed" by R Sivanithy (BT, Nov 10), and the letter "Datacraft: only buying-in method questioned" by Narayana Narayana (Mailbag, Nov
      374 words
    • Article
      Lock icon SIA axes 114 cabin crew trainees
      179 3 SINGAPORE Airlines has terminated 114 cabin crew trainees following earlier decisions to suspend a number of services and substantially reduce capacity on others. SLA has frozen recruitment since mid-September, and took the reluctant decision to drop the trainees, senior vice-president (cabin crew) Sim Kay
      179 words
    • Article
      Lock icon Were SingTel's bonds mispriced?
      575 3 Lead managers did best they could in volatile times IT IS not surprising that the U552.35 billion bond issue of Singapore Telecommunications received so much attention. After all, it is the largest corporate debt issue outside Japan and has generated so much global interest that it
      575 words
    • Article, Illustration
      Lock icon Isetan doubles interim profit but sees weaker full year
      288 3  -  By Kalpana Rashiwala ISETAN Singapore has reported a $1.9 million group net profit for the six months ended Sept 30, up from $780,000 previously but warned that it will be "extremely difficult" to maintain full-year results at last year's level. The
      FILE PHOTO  -  288 words
    • Article
      Lock icon Comfort interim profit up 6%
      181 3  -  By Vince Chong TRANSPORT group Comfort posted interim net profit of $31.8 miUion yesterday, a rise of 6 per cent. This was achieved on a 14.1 per cent increase in turnover to $227 miUion for the six months ended Sept 30. Earnings per share rose
      181 words
    • Article
      Lock icon Innovation the key to the future: PM Goh
      419 4  -  New council will build up innovative talent, foster local innovative mindset By Eugene Low THE new National Innovation Council will coordinate efforts to build up a pool of creative people here as well as foster an innovation mindset among Singaporeans, Prime Minister
      419 words
    • Article
      Lock icon Sept 11 fallout: MTI sees 10-point Q4 drop
      512 4  -  Q3 ECON SURVEY Worse impact expected than in '91 Gulf War or '97 Asian crisis By Siow Li Sen THE Sept 11 attacks on the US are expected to lop 10 percentage points off Q4 quarter-on-quarter economic growth as the impact on
      512 words
    • Article, Illustration
      Lock icon S'pore-India links stronger thanks to trade, IT talent
      360 4  -  By Chuang Peck Ming aiiNViAfUKK and India have been building up their economic linkages in recent years thanks to a strong two-way trade and investment and heavy flow of Indian talent into Singapore's information technology sector, says a study by the Ministry
      Source: MTI  -  360 words
    • IN BRIEF
      • Article
        Lock icon No change to MAS monetary policy
        38 4 THE Monetary Authority of Singapore yesterday said there will be no change to its present monetary policy, as current conditions of low Interest rates and high liquidity are conducive to a recovery.
        38 words
      • Article
        Lock icon Communications sector a bright spark
        46 4 THE transport and communications sector's growth slowed again in Q3 to 2.1 per cent The volume of air cargo handled dipped due to lower trade activities. The communications sub-sector Cared better as mobile phone subscribers and IDD usage continued to rise.
        46 words
      • Article
        Lock icon Unit labour costs up 16%
        33 4 UNIT labour costs rose 16 per cent in Q3, as overall productivity growth tumbled 8.4 per cent. Unit business cost for the manufacturing sector was up 10 percent.
        33 words
      • Article
        Lock icon Safe haven status causes outflows to dive
        40 4 OUTFLOWS from the national capital and financial accounts eased to <3.5 billion in Q3, from $15 billion in Q2, as Singapore's safe haven status once again attracted funds following the Sept 11 attacks.
        40 words
    • Article
      Lock icon Record job loss in the third quarter
      397 4  -  Number exceeds previous peak set during Asian crisis By Chuang Peck Ming SOME 8,200 workers were axed in the third quarter, surpassing the quarterly peak of 8,013 in the 1997-96 Asian financial crisis. At the same time, total employment fell by 12,500 the
      397 words
    • Article, Illustration
      Lock icon Greenback corrects some gains
      488 4  -  CURRENCIES larry wee THE US dollar drifted lower against some major currencies yesterday on weekend profit-tak-ing, as the Singapore dollar remained pinned down near year lows despite better-than-expected trade numbers for October. The greenback finished about unchanged at 122.2 yen, 10,640 Indonesian rupiah and 44.45 Thai
      Source: Moneyline Telerate  -  488 words
    • Article
      Lock icon Renong hits 9-month high on rumours
      346 5  -  Talk that govt may launch takeover and delist it soon From Diana Oon Abdullah in Kuala Lumpur FRENZIED buying yesterday drove up shares of sprawling conglomerate Renong Berhad, fuelled by rumours that the government would be launching a takeover and delist the company soon.
      346 words
    • NOTE BOOK
      • Article
        Lock icon Indon state firms in US$4b losses
        83 5 AFP [JAKARTA] Five Indonesian state firms suffered losses or potential losses of US$4 billion due to inefficiency in 1995-1999, according to independent international auditors. The audit results were reported in yesterday's Jakarta Post and by the state Antara news agency. The firms, which were
        AFP  -  83 words
      • Article
        Lock icon Thai Airways to close 7 offices
        101 5 AP [BANGKOK] Thai Airways International announced yesterday it was closing seven offices in the US and Canada, while its chairman reportedly warned the airline could go bust within three years because of huge debts. The seven offices being shut are in Seattle, San Francisco,
        AP  -  101 words
      • Article
        Lock icon Malaysia's manufacturing sales fall 17.7%
        66 5 AP [KUALA LUMPUR] Malaysia's manufacturing sales slumped 17.7 per cent year-on-year in September to RM25.6 billion (5512.3 million) and fell 1.2 per cent from August, the government said. The data reflects the effects of a prolonged US economic slowdown and continued sluggish demand for electronic
        AP  -  66 words
      • Article
        Lock icon Malaysia eyes loans market for funds
        71 5 Dow Jones Newswires [SINGAPORE] The Malaysian government may, through the Ministry erf Finance, turn to the loans market early next year as a cheaper funding option than the bond market bankers said. The Ministry of Finance, which "is looking for an alternative financing solution",
        Dow Jones Newswires  -  71 words
      • Article
        Lock icon Thailand to sell stakes in 3 firms
        46 5 Reuters [BANGKOK] Thai Finance Minister Somkid Jatusripitak said yesterday the government planned to sell stakes in three state-owned firms in the first quarter 0f2002. The three are Bank Thai pic, Krung Thai Bank and the Telephone Organisation of Thailand.—Reuters
        Reuters  -  46 words
      • Article
        Lock icon MAS to hold further talks on airfares
        72 5 AFX [KUALA LUMPUR] Malaysian Airline System Rhri said it will hold further discussions with other members of the market development programme (MDP) before cutting international airfares for out of Malaysia, Malaysian Business Times reported. The report said more time is needed to come
        AFX  -  72 words
    • Article
      Lock icon Bank Central Asia draws 12 bids
      663 5  -  Singapore's DBS and UOB not among the handful which submitted preliminary bids for 51% stake in BCA, say sources From Shoeb Kagda in Jakarta INDONESIA'S efforts to sell a 51 per cent stake in Bank Central Asia (BCA) have received a mixed response as
      663 words
    • Article
      Lock icon Jakarta asks IMF for more time
      326 5 Bloomberg [JAKARTA] Indonesia has asked the International Monetary Fund to extend its five-year US$5 billion loan programme by a year to 2003, to buy time for economic reforms needed to rebuild the economy, Finance Minister Budiono said. The request came amid negotiations with the
      Bloomberg  -  326 words
    • Article
      Lock icon Maxis scraps plan for IPO after failed bid for MobileOne
      275 5 [KUALA LUMPUR] Leading Malaysian cellular phone company Maxis Communications has shelved its listing plan following its failure to acquire Singapore's Mobile One (Ml) last month. Malaysia's Business Times said Maxis CEO Jamaludin Ibrahim declined to say if the decision was
      275 words
    • Article, Illustration
      Lock icon US govt should stop helping Osama
      1086 5  -  WRITER'S JOURNAL Its short-sighted immigration policy advances Osama's aim of fomenting a conflict between Islam and the West karim raslan IS THIS how the Americans are going to win the peace? The Taliban appear to have been routed and the aerial blitz on Afghanistan
      1,086 words
    • Article
      Lock icon Dive in US' Oct output lowest in 20 years
      503 6 1.1% decline marks 13th consecutive monthly slide Reuters, Bloomberg [WASHINGTON] US industrial output last month took its biggest dive in nearly 20 years and extended a string of monthly declines that was the longest since the Great Depression of the *****,
      Reuters,; Bloomberg  -  503 words
    • Article
      Lock icon IMF's US forecast way off: O'Neill
      257 6 AFP [WASHINGTON] US Treasury Secretary Paul O'Neill on TTiursday disputed the IMF forecast for US economic growth in 2002, saying the figure of 0.7 per cent was "off by a lot". Mr O'Neill's comments came after the International Monetary Fund, as part of a
      AFP  -  257 words
    • Article
      Lock icon BOJ keeping to monetary policy
      488 6  -  Japanese central bank rejects calls from IMF, politicians to inject more liquidity to avoid deflation From, Anthony Rowley in Tokyo THE Bank of Japan's Policy Board yesterday declined to take further monetary easing actions, despite rapidly mounting evidence that Japan's economy faces the prospect of
      488 words
    • Article
      Lock icon First cloned human embryos 'pretty soon'
      412 6 AFP AP [LEXINGTON, Kentucky] The first cloned human embryos could be produced "pretty soon", a scientist involved in a controversial international project to clone humans, Panayotis Zavos, said. "We will be attempting pretty soon the first nuclear transfers," Mr Zavos told AFP in an
      AFP; AP  -  412 words
    • Article, Illustration
      Lock icon A desert prayer
      43 6 [KABUL] Afghan men praying near the village of Mir bachakut yesterday, the first day of the Muslim fasting month ofßamadan. The village was held by the Taliban until Tuesday when it retreated in the face ofadvancing Northern Alliance troops. AFP
      AFP  -  43 words
    • Article
      Lock icon China cuts tax on share trades
      340 6 Bloomberg [SHANGHAI] China slashed the tax on share transactions to encourage the nation's 65 million shareholders to buy stocks, as regulators start approving some of the US$l2 billion in equity sales waiting to reach market. Shanghai stocks had their biggest gain in four weeks
      Bloomberg  -  340 words
    • Article, Illustration
      Lock icon HP's Fiorina blames media, analysts for merger woes
      612 6 Reuters [PALO ALTO, California] Hewlett-Packard Co chief executive officer Carly Fiorina on Thursday blamed "shallow reporting" by reporters and Wall Street analysts too "focused on the short-term" for the difficulties facing a US$24 billion merger with rival Compaq Computer Corp. Ms Fiorina
      Reuters; FILE PHOTO  -  612 words
    • Article
      Lock icon Osama may have fled to Pakistan: Iran radio
      247 6 AFP, Reuters [TEHERAN] Afghan Taliban leader Mullah Omar and Osama bin Laden, the alleged mastermind behind the Sept 11 attacks on the United States, fled yesterday to an autonomous border area of Pakistan, an Iranian radio station reported. "Mullah Omar and Osama
      AFP,; Reuters  -  247 words
    • WORLD WATCH
      • Article
        Lock icon US court asked to endorse Microsoft pact
        77 6 Reuters (WASHINGTON] The US Justice Department told a federal Judge 011 Thursday that its anti-trust settlement with Microsoft Corp will slop the company's monopolistic practices and asked her to endorse it without too much tampering. Under federal law, US District Court Judge Colleen
        Reuters  -  77 words
      • Article
        Lock icon US govt to take over airport security
        66 6 Reuters [WASHINGTON] US lawmakers reached a deal on M Thursday to turn airport security over to the government after weeks of wrangling about how to make flying safer following the Sept 11 attacks by hijacked airliners. Under the accord, within a year the
        Reuters  -  66 words
      • Article
        Lock icon Tyco to axe 6.000 jobs
        52 6 Reuters [BOSTON] Tyco International Ltd made public on Thursday the elimination of6,oooJobs at its electronics unit, some of which were cut during the company's fiscal fourth quarter. The total number of cuts represent about 8 per cent of the 7ft£oo employees who are in Tyco's
        Reuters  -  52 words
      • Article
        Lock icon Yahoo to cut headcount by 400
        42 6 Bloomberg [SUNNYVALE, California] Yahoo! Inc, owner of the most-used Internet search site, will eliminate 400 jobs, or about 12 per cent of its workforce, and plans to form more partnCTships with providers of high-speed Web access.—Bloomberg
        Bloomberg  -  42 words
      • Article
        Lock icon Furukawa to buy Lucent unit for US$2.3b
        45 6 Reuters [TOKYO] Japan's top fibre-optic parts maker. Furuka wa Electric Co, said yesterday it had sealed a deal to buy Lucent Technologies Inc's loss-making fibre optics unit for US$2.3 billion, about US$225 million below an original agreement Reuters
        Reuters  -  45 words
      • Article
        Lock icon SocGen to close Japan online brokerage
        67 6 Bloomberg [TOKYO] Societe Generate will close its Japanese online brokerage operations next month, as Prance's third-biggest bank becomes the latest foreign firm to curb equities business amid a slump in trading and share prices. Societe Generate Securities (North Pacific) Ltd will stop offering Internet
        Bloomberg  -  67 words
      • Article
        Lock icon Kawasaki narrows H1 loss to 2.3b yen
        84 6 Bloomberg [TOKYO] Japan's Kawasaki Heavy Industries Ltd's first-half loss narrowed 81 per cent The loss shrank to 2.3 billion yen (5534.4 million), or 1.97 yen a share, for the half to Sept 90, ftwn a loss of 12.4 bUtton yen, or OJ9 yen
        Bloomberg  -  84 words
    • Article, Illustration
      Lock icon Agilent posts US$275m loss, to cut 4,000 jobs
      391 7 The microchip maker also pushes back hopes of a business recoveiy by half a year Reuters [SAN FRANCISCO] Communications testing equipment and microchip maker Agilent Technologies Inc said on Thursday it would eliminate 4,000 jobs, doubling previously announced cuts, and pushed back
      Reuters  -  391 words
    • Article
      Lock icon Dell Q3 profit down 36% on lower sales
      276 7 Bloomberg [AUSTIN, Texas] Dell Computer Corp, the largest personal computer maker, said fiscal third-quarter profit fell 36 per cent as sales dropped, hurt by a slump in corporate purchases and PC price cuts meant to stoke demand. Net income in the period
      Bloomberg  -  276 words
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      Lock icon Page 4 Advertisements Column 1
      419 4 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 Hon^s2^l R BLIiH none xjn o*eveoonng nt Lid (In Member*' Voluntary Liquidation) Alan Extroordwary General Mealing oI the Members of the Company duly axwened and Wdof 101 Upper Goaweef 105-14 People's Parfi Cenlre, Singapore *****7 an Ae 12 day of November
      419 words
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      Lock icon Page 4 Advertisements Column 2
      514 4 ■J THE MATTER Of THE COMMMES ACT, CAP. SO AMD MTtC MATTER OF ANABA2I TRAVEL RESOURCES PTE LTD On Member*' Voluntary Liquidation) Man BfcKrtnarY General Meeting o» tha Member* of In aCcvanamad company duly convened wd haUat»l TurteCreeißM. SM 1100, Otftae. Texa* USA on lie Oh dey of November 2001,
      514 words
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      Lock icon Page 5 Advertisements Column 1
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      127 words
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  • Article
    Lock icon SGX MAINBOARD
    5289 7 Transaction date: Nov 16 for live prices, log on to umm^xisiaonemarketsjcorn B-M la« Vol Dm LMQak Mi Hv CrTH MM Mte «An U» tmmm, W «Tu» •mmTutm Cm rt *3 w3 9 6 ABNAmroNLG 56c 9 34 3S.5 15 c ACE Dynarr»cs20c 10.5 11 12 oj i) OJ
    5,289 words
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    Lock icon SGX XTRANET
    53 7 J*** J2 JSL -5* y Q-*» Hl> MM MKa Mto| U» Ml W- I— Mb Cw M >3 MS MMO BIO i Dtamonck UKKM MR 300 > BQJUSTadt US5430 *50 5430 *430 *m i B MSG Sport US490 i2so mm i bsvmo usxan 131SI MSO SRMS US***** JO
    53 words
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    Lock icon SGX SESDAQ
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    Lock icon CLOB INTERNATIONAL
    362 7 SMNl KM Day M«Mk MM* Mr CrTM MM MCaa I— U* W- L—i Him tafcr C«r K 110 60 AVJamngi A25c A II 5 43 813 71 (0 (2 40 M 123 4J 17V4 CatftaytacXkHK. 720 265 2.1 7.4 6 243K2 Cheung KongSOc HK 17(0 240 63 17
    362 words
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  • what's in style motoring
    • Article, Illustration
      Lock icon Seven up!
      891 8  -  CHRISTOPHER TAN participates in stretching exercises that result in two of the most interesting seven-seaters around CHRISTOPHER TAN You must know by now that electronic road pricing levies the same charges on all cars, regardless of size. Whether you drive a Mini or a Mercedes-Benz Pullman, you occupy
      891 words
    • BRAVE NEW WHIRL
      • Article, Illustration
        Lock icon No helmet required
        120 9 BMW Is lobbying for its Cl canopied scooter to be ridden without a helmet here. The single-seater Cl, fitted with a seatbelt, has passed crash tests carried out by" BMW. In several parts of Europe, Cl riders are already allowed on the road without i head-gear. Just
        120 words
      • Article
        Lock icon High tech car pool
        112 9 IN THE next few months, an innovative high-tech car-sharing scheme will be available in town. Called Honda ICVS (intelligent community vehicle system), it uses hybrid Civics and WAP phones to match demand and supply within an area in the city. The Civics are tracked by a
        112 words
      • Article, Illustration
        Lock icon Lotus goes green
        112 9 CAN a sports car be green? Well, Lotus thinks so. It recently converted a standard Elise (above) to run on both petrol and compressed natural gas (CNG). The gas fuel system was integrated with the vehicle architecture to avoid any loss of passenger or luggage space. The
        112 words
      • Article, Illustration
        Lock icon American classic
        74 9 FORD has just launched its sexy Thunderbird (above), a retro version of the 1950s classic sports car. Unfortunately, it is only making 25,000 units of the two-seater a year all left-hand drive. The car is so popular that Ford is acting to prevent brokers and speculators from getting
        74 words
      • Article
        Lock icon Down but not out
        127 9  -  Compiled tn, Christopher Tan PORSCHE has experienced its first noticeable monthly sales decline in the US, its biggest market. October delivery stood at 1,604 units, 11 per cent down from the same month last year. That was the first significant drop after sales bucked the general
        127 words
    • Article, Illustration
      Lock icon Get thee to the workshop
      386 9 And don't forget to check the fan belt, says CHRISTOPHER TAN LONG HAUL THE holiday season is here again. If you're planning a driving holiday up country, here's the second part of a four-part series BT Motoring is running on things you should do to
      386 words
  • Article, Illustration
    Lock icon FINANCE
    1005 8 Transaction date: Nov 16 DfTHRBAlfK CROSS RATBS 8* n m mumm fm wm m mm* 9m n mm m m ***mt m AMtrMi 1020 4120 0*9 3*0 U* 4*0 ********** itt U« IRI IM *****27.040 1991 4954 0*4 17.991 2X09 0*1 C.St CM* 12* 1220 071 4*4 UK 4904
    1,005 words
  • Page 8 Advertisements
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      Lock icon Page 8 Advertisements Column 1
      170 8 for just $3, you can now enjoy peace of mind with hassle-free drive to your holiday destination. With ProServ Enhanced Service Check, we'll ensure that your cor is in tip-top condition before your trip. Besides a inspection with free tyres and batteries check, we'll also give your car that well-deserved
      170 words
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      Lock icon Page 9 Advertisements Column 1
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      266 words
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  • week in review
    • Article, Illustration
      Lock icon Top stories this week
      966 10 For the full stories, visit http://business-times.asial.com.sg Job market still abuzz with openings Nov 14 THERE are still executive jobs galore out there, even in the beleaguered finance and manufacturing sectors, a BT survey has found. Headhunters say most sectors are hiring, although in fewer numbers and
      AP  -  966 words
    • Article
      Lock icon What we said
      297 10 LEEHANSHIH Nov 13 Unrealistic yield broke SPT plan CAPITALAND'S Sing Mall Property Trust (SPT) may be dead, but the concept isn't To get it off the ground, developers have to be realistic about pricing. SPT was a fully valued or overvalued issue with a yield lower than
      297 words
  • Article
    Lock icon KLSE
    2325 10 Transaction date: Nov 16 KUALA LUMPUR m w- cm A AM Realty 044 0.03 35 Atric 1® -0.07 361 ACP Industries 235 0.02 146 Advance Synergy 0.69 0.03 1502 Affin Headings 0-Z7 041 55 AhmadZakiRes 3.76 042 10 AC Corp 330 414 86 Aiktoeete. 2.19 -042 229 AKN Technology
    2,325 words
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    Lock icon SGX
    544 10 Transaction date: Nov 16 MJ Mg MM MM% an an* *ms swt- 3 is sr k jst js g»Ow|fc H! og. «JM Ml OJ55 -0-0*5 CN«h*rSc U7 ijJoo ntk u« «o.mo S5*» *5* «*Mc US mm tso o*yFenn MS UK MBS SMRTMc OM OT9I SSS^ 1 S-25 H2 <xoso
    544 words
  • Article
    Lock icon BONDS & WARRANTS
    598 10 BONDS WARRANTS l*t MCm tar Uc Ml tm- C»H— g» W li»ta tail AST1W*****1 10 -1 31 1 16 3 143 31 Aon»Ud**>***** 23 4990 1 SO 403 3.60 36 AmtakVWWKIO 273 05 (0 1 33 20 1J4 43 Amwrongwoa0520 S3 1 10 55 142 30 4«taFoodF *******2 OS 1
    598 words
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  • in the money
    • Article, Illustration
      Lock icon Keppel T&T up as much as 7% on talk of deal
      429 11  -  But shelving of briefings kills market interest By David Boey SHARES of Keppel Telecommunications and Transportation were chased up as much as eight cents or 7.4 per cent early yesterday on speculation that it would unveil a deal during
      FILE PHOTO; Source: Bloomberg  -  429 words
    • Article
      Lock icon Downgrades continue to outnumber upgrades
      226 11  -  By George Lam The writer is a senior consultant with Paris-based JCF Group THERE were a total of 13 changes in analysts' recommendations for the period Nov 6-12. Downgrades continued to dominate there were eight, against five upgrades. Among the downgrades, Elec Eltek and Singapore
      226 words
    • Article
      Lock icon Depressed prices put more privatisations on the cards
      902 11  -  Listed units of Keppel Corp, SembCorp, UOB among delisting targets, say analysts Bu Andrea Tan ONCE highly coveted, the listed status has lost some of its shine. Today, it looks like an in thing to be out. And as the sluggish stock
      902 words
    • Article, Illustration
      Lock icon Time to pick up local blue chips
      541 11  -  By Vasu Menon The writer is chief editor of flnatiQ —Bank of Singapore WE launch our series on exceptional funds in Singapore with some upbeat news. One of the country's best-performing fund managers thinks that after a correction that has lasted almost two
      FILE PHOTO  -  541 words
    • Article
      Lock icon Stock analysis often boils down to judgment
      768 11  -  By Sebastian Chong The writer is associate professor in finance accounting, Faculty of Business Administration, NUS, and a committee member of SIAS. The views expressed in this article are his own IN the business world, besides share investors, there are other users of
      768 words
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  • food
    • Article, Illustration
      Lock icon Care for a cuppa?
      848 12  -  Tea may not match coffee in terms of the cool quotient but it's hard to beat for its mind-boggling variety. CORINNE KERK takes you through a short course on tea CORINNE KERK BLAME it on fancy-looking coffee machines, hip-and-happening coffee joints or even the oh-so-proper English
      ARTHUR LEE  -  848 words
  • Article
    Lock icon STOCKS ASIA
    4781 12 Transaction date: Nov 16 for more, go to ivwwjasiaonenmarketsjDom HONG KONG M wo *t- im Ao-ooAM MuttKTwd* 0.50 inch 0 AJpha General .0.04 unch ***** *20 -ttlS 2522 AnandaWVigOn O06 inch ***** Angara New Steel H 1.01 -0.01 ***** Annul Conch H 1.75 -0.04 174 Anhui Expressway H
    4,781 words
  • Page 12 Advertisements
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      Lock icon Page 12 Advertisements Column 1
      386 12 t'f V v"' Wine&dine with weekendßT j -J CafoD'Aailgo AminazalMai M I^zr s T. T a,sse7 ssjswK'Asr-, Well known for Its valued-money Rerx*>inspifed Indulge in an buffet at Hua Yen There's more to the Chatterbox coffeehouse cuisine. this casual eatery's hWi*«s include Its Chinese restaurant Pick from 68 Cantonese than
      386 words
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  • travel
    • Article, Illustration
      Lock icon Paradise regained
      1003 13  -  Dinner al fresco takes on a whole new meaning when you're in the Maldives. VINCENT WEE loses his shoes and regains his inner calm at the blissful Angsana Ihuru Resort and Spa VINCENT WEE THE Maldives is the kind of place where a bit of rubbish thrown overboard
      PHOTOS: ANGSANA IHURU  -  1,003 words
    • Article
      Lock icon Giving back to Nature
      510 13 THE first thing you notice about the Angsana Ihuru is the natural look and feel of the place. The dearth of solid concrete structures and other reminders of man's impact on the environment Beyond aesthetics, it is also part of its commitment to running the resort
      510 words
  • Article
    Lock icon UNIT TRUSTS & FUNDS
    3068 13 UNIT TRUSTS FUNDS AkeMeea AM Mgt Aate LM Aberdeen Select Portfolio: American Opport Fd 0.744 0 782 Asian Fixed Income Fd 1.162 1198 CNnj Opportunities Fdf 0 897 0.943 Coot Euro EqtyFd!" 0.975 1.025 Global MNC Fd 0.664 0.69* Global Technology Fdl** 0.546 0.574 Indonesia Equity Fdl 0.570 0.599 Japan
    3,068 words
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  • what's in style
    • Article, Illustration
      Lock icon Woven tales
      1030 14  -  PARVATHINAYAR discovers not only the skills of S-E Asian weavers, but also the lives and beliefs of its people in the ceremonial textiles on show PARVATHI NAYAR BEAUTIFUL designs created from hand-dyed and meticulously woven threads: one needs no greater testament to the aesthetics and craftsmanship of South-east
      1,030 words
    • Article, Illustration
      Lock icon Journey of a tree
      317 14  -  By Cheah Ui-Hoon HOW far can a tree travel? Catch one particular white spruce's journey across continents in Canadian artist Patrick Beaulieu's La Pa-trie-Singapore which features a tree installation at the Plastique Kinetic Worms gallery. Created in collaboration with Canada Council for the Arts, Quebec Council
      317 words
  • Article
    Lock icon BT SHARE INFORMATION SERVICE
    1049 14 for week beginning Nov 12 MM m tm If IT 1»W rwt mm m m m Atom 25-Mov <***** 6.780 1JU 4 91 AteoftSrp 300ct 036.795 11Z72 044 1.1* **1 50.7W 177 20.1 «wtnrt»»i 27-s* i ij7 mm oj4 112 tojjw W-S«p f 1753 63* 071
    1,049 words
  • Page 14 Miscellaneous
    • Miscellaneous
      Lock icon Page 14 Miscellaneous Column 1
      170 14 UKVFTIC CROSSWORD ACROSS DOWN 7 I 10 kimh 4 n n m WW |W m H I 14 The individual having 8 ?r ~M M m'^B nnntrrJ rrf To /o\ pfOtBOSIOnS 6 >6 r G (6) I I 1 1 HB 15 area of fish 13 20 Tile skinhead dancefl
      170 words
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  • collections
    • Article, Illustration
      Lock icon A way with wood
      920 15  -  GEOFFREY EU meets Alexandra Perrine, designer of bespoke furniture made with antique Philippine hardwood GEOFFREY EU Alexandra Perrine works wonders with wood specifically, rare and exotic species of Philippine hardwood, preferably more than a hundred years old. As a designer of top quality bespoke furniture made
      920 words
    • Article, Illustration
      Lock icon Ganache with panache
      622 15  -  If life is a box of chocolates, we hope if s Godiva. cheah ui-hoon pays a visit to the chocolatier CHEAH UI-HOON WHEN times are bad... confectionery sales go up. Perhaps people do believe there is some truth to the research that claims that chocolates are anti-depressants,
      ARTHUR LEE  -  622 words
    • Article, Illustration
      Lock icon IN STORE
      157 15  -  Compiled by Corinne Kerk Our top picks of what's on the shelves FUrtpacked Hermes In the smaller sizes of today's apartments, Hermes' Pippa collection belongs to the help Ail category of 'whip 'em out or tuck 'em away' furniture. Introduced back in 1967, the range of elegant folding
      157 words
    • Article, Illustration
      Lock icon For your pedigree pal
      437 15  -  Corinne Kerk POOCH owners too cool to settle for just any present for their four-legged friends can now sniff out a new gift for them this Christmas. Oh My Dog! by Paris-based Dog Generation (or DOG) is touted as "the only designer perfume meant for canines
      437 words
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  • what's in style
    • Article, Illustration
      Lock icon The perfect cup
      1054 16  -  The tea set has come a long way from an array of china imprinted with a pattern that looks like your grandmother's curtains. Sleek shapes and clean design characterise new lines from premier porcelain makers, while decorative art takes a turn for the funky. CORINNE KERK puis
      1,054 words
    • Article
      Lock icon A primer on porcelain
      284 16 PORCELAIN is a type of ceramic. Because it was first produced in China, it is also called china or chinaware. Examples of porcelain are said to go as far back as the 7th century. Characterised by whiteness and a delicate appearance, porcelain has translucence or the
      284 words
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