The Business Times, 27 April 2002

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Total Pages: 16
1 16 The Business Times
  • 8 1 THE BUSINESS TIMES weekend APRIL 27-28, 2002 85C
    8 words
  • 522 1 Bloomberg, Reuters, AP [WASHINGTON] The US economy sizzled in the first quarter, with the fastest growth rate in more than two years, as consumers spent solidly and year-long cutbacks in business inventories appeared to taper off. Gross domestic product (GDP) rose at
    Bloomberg,; Reuters,; AP  -  522 words
  • 733 1  -  They sold 4,100 private homes, but CPF uncertainty halted home-buying By Kalpana Rashiwala [SINGAPORE] Developers sold 4,100 new private homes in Ql a surprisingly high level not seen since the market peaked in 1996 suggesting that a recovery in home-buying was underway before it was
    Source: URA/HOB  -  733 words
  • 855 1  -  SATURDAY SOAPBOX If II also point to a new approach on economic policy vikram khanna IT'S been a bit of a wait, but at last Budget week is at hand, and people are asking, what can we expect? Will the May 3 Budget be transformational
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  • 511 1  -  Both sides also keen to start talks sooii on China-Asean FTA By Loh Hui Yin [SINGAPORE] There was more than a meeting of minds when Chinese and Singapore leaders met yesterday, with both sides committing to new areas of business and economic
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  • Page 1 Advertisements
    • 12 1 WHAr$ F MfflenialAMfc Scenes from a i mall. MCE 16 I m
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    • 36 1 CRASH nNWNtf Taiwan's SQ 006 'incomplete': Transport Ministry, SIA. NEXTPAGE April consumer sentiment slips, Pg 7 Bottoming out seen as HDB resale prices slip 0.8% in Ql, Pg 5 In Foods: Big Budget expectations, Pg 3
      36 words
    • 108 1 INVESTMENT C I3M moves optoelectronics unit from US to S'pore. EMS! NEXT PAGE THEATRE Hon]® The feel-good mustetL ■^■I^Hmgem vet 1 ■"t m JBHIB^h Tf A "HI^^IH I I flljjj^^^l T*CS^|£lptV «ift.f ''>jiij/'>HLnniiuaAiii^^H Jmr g Brsguat. La passion laisss das tracas. Wristwatch "Grande Complication" in 16-carat yellow gold, with tourbillon
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  • next page
    • 630 2  -  MARKET REVIEW r sivanithy IT isn't often that the stock market behaves in exactly the way it was expected to, but this week provided one such instance. Blue chips did nothing outside of the ordinary while traders continued to switch money around in the
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    • 71 2 STI (+0.90) ST INDEX FUTURES 1,726 (-6.00) SIMSCI FUTURES 217.30 (+1.00) Friday Change KLSECOMP 801.37 1.86 NIKKEI 225 11,541.39 -107.33 HANG SENG _1 1,385.08 24il SET INDEX 376.44 *340 JAKARTA COM P _539 96 -4.62 MANILA COMP .1.***** TAIPEI WPI 6,***** -4K66 SEOl'LCOMP 869.65 2.93 SHENZHEN B 226.81 +7.23
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    • 75 2 FOREX RATES US* SS rss (SS per I S$) \m V(l SS/SS per 1.454 1629 El K()(l SS/SS/E) 0.K97 1622 DM 1216 m YEN 1285 71.10 KM 3NM0 2.101 HKS 7.799 4313 BAIIT 4.114 2:191 RIPIAH 9195 5.140 HOME RATES SINGAPORE* 5iS Kl AW U MFl R 6 4»»
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    • 895 2  -  SQ 006 CRASH FINDINGS Leaving out airport deficiencies makes report incomplete By Conrad Raj Macabe Keliher in Ta ipei SINGAPORE'S Ministry of Transport yesterday criticised as "incomplete" the conclusions drawn by the Taiwan Aviation Safety Council in its investigation report on the crash of
      895 words
    • 398 2  -  Shift of manufacturing scheduled for Q3 will boost Singapore's photonics industry By Serena Ng [SINGAPORE] US giant 3M is giving Singapore's hightech manufacturing a shot in the arm by shifting its optoelectronics manufacturing facilities here from Austin in Texas. The move, scheduled
      JAMES CHOUCHER/ST  -  398 words
    • 48 2 OUR report on Thursday, "Four GRA Singapore directors quit", said NTUC Income was a subscriber in the GRA fund that bought Tiong Bahru Plaza Mall. It is actually its sister co-op NTUC Fair Price that holds a stake in the fund. We are sorry for the error.
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    • 558 2  -  Move away from paper trail should help curt) fraud By I Christopher Tan [SINGAPORE] The days of used-car brokers, scrap rebate traders and vehicular scams may be coming to an end. The Land Transport Authority (LTA) will be putting in place a
      558 words
  • Page 2 Advertisements
    • 106 2 Since 1975 our worldwide staff of J over 275 mulli-aisciplired professionals 1 W including lawyers chartered accountants 4 k chartered secretaries and barkers have W A IV proviaed confidential and cost elective company formation in all the major low L- 4 §B jHB tax areas mcluding 1 -l ■v-T(-"a ■<>■'*»»
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  • in focus
    • 722 3  -  Market expects coming 'non-routine' event to be pro-growth, marked by big tax cuts, to get the economy back on its feet By Anna Teo A pro-growth Budget, marked by big tax cuts, to address immediate concerns like competitiveness, and get the economy back on its feet. That's
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    • 644 3  - Optimistic and hoping for more cuts MANUFACTURING By I Chuang Peck Ming MANUFACTURERS are still hurting even though the economy is recovering and they are looking forward to next Friday's Budget not only for tax cuts already hinted at by the Economic Review Committee's tax subcommittee, but also for more
      644 words
    • 572 3  -  FINANCIAL SERVICES By I Siow Li Sen IF next Friday's Budget does not contain specific tax proposals for the financial services sector, it does not mean the area has been given a miss in the reinventing of Singapore. Some observers have pointed to the
      572 words
    • 382 3  -  PROPERTY By Andrea Tan WHILE the property market anxiously awaits the announcement of impending CPF changes, it is looking to next week's Budget to help provide some comfort. CB Richard Ellis is hoping the government could extend last October's off-Budget property-related measures to at least
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    • 425 3  -  IT By' Tang Weng Fai LOCAL IT players have put up a wish list ahead of next Friday's Budget, leaning heavily towards specific incentives for the industry rather than a general reduction of business costs via corporate tax cuts. "IT spending by GDP ratio for
      425 words

  • in the news
    • 485 4  -  Despite profit jump, the company warns that times remain challenging as turnover slips 6.8N to $707 m By Andrea Tan EVEN as Capita Land reported a 47 per cent hike in net profit for the first quarter, the fate of its
      CHRIS LOH  -  485 words
    • 526 4  -  At issue is the rise in executive directors' payouts, group's poor performance By I Siow Li Sen SHAREHOLDERS of DBS Group Holdings intend to grill the directors at Monday's shareholders' meeting over the group's poor performance against a backdrop of executive directors'
      526 words
    • 552 4 Higher bad loan provisions, goodwill write-off cited Bloomberg DBS Group Holdings will probably report profit fell in the three months to March 31, as South-east Asia's largest bank increased bad loan provisions and wrote off goodwill on a recent acquisition, analysts
      Bloomberg  -  552 words
    • 431 4  -  Frrnn Harish Mehta in Bangkok UOB Radanasin Bank (UOBR) said yesterday that it is raising 1.5 billion baht (5562.8 million) in fresh capital through a rights issue, in a bid to increase its lending limits, and extend bigger loans. Its shareholders approved
      431 words
    • 405 4  -  SGX fails to complete buying-in even at 75c apiece liy I Serena Ng SHORT-SELLERS of Dayen Environmental shares were left stranded yesterday when the Singapore Exchange could not finish its buying-in of the stock even at 75 cents per share, brokers said. The SGX yesterday bought
      405 words
    • 249 4  -  By Andrea Tan BELEAGUERED LKN-Pri-mefield Ltd's auditors, Pricewaterhouse Coopers, yesterday said it could not determine if the IT, hotel and construction group could operate as a going concern. PwC said LKN had breached the financial covenants set out in its debt-res-tructuring agreement. The group
      249 words
    • IN BRIEF
      • 70 4 ANOTHER medical doctor, Tan Hang Yang, was yesterday sentenced to four weeks' jail for tax evasion by district judge Mavis Chionh. Meanwhile, the gynaecologist, who had a clinic at Gleneagles Medical Centre, has to pay a penalty of $2.5 million, three times the total
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      • 86 4 SINGAPORE Telecommunications said yesterday that it would start charging for overseas directory enquiries at its 104 service number from next month. The sole provider of the service here will charge $4.50 for up to two overseas listed telephone numbers provided during the same call
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      • 56 4 TLANJIN Zhong Xin Pharmaceutical Group's turnover for the quarter ended March 31 rose 10 per cent to 393 million renminbi (SsBs million). Net profit jumped 75 per cent to 31 million renminbi. The group said the profit surge was driven by better margins, operating performance,
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      • 47 4 Reuters NERA first-quarter profit grew 17.2 per cent to $4.46 million due to better margins in key businesses. The company, controlled by Norwegian satellite telecoms group Nera ASA, expects full-year profit to be comparable to that of 2001. —Reuters
        Reuters  -  47 words
      • 60 4 Reuters EAGLE Brand's profit dived 64 per cent to 112.67 million renminbi (5524.5 million) for the year to Jan 31. Turnover fell to 853.69 million renminbi, from \2 billion renminbi. It announced a final dividend of 139 percent and a special dividend 0f9.10 per cent
        Reuters  -  60 words
    • 360 5  -  Pro-tem committee seeks official endorsement from club members to bid By I Serena Ng THE Pinetree Town Country Club was yesterday placed under receivership by OCBC Bank, the main lender to the club's owner Chng Heng Tiu. Tam Chee Chong and Max Loh Khum Whai
      FIIE PHOTO  -  360 words
    • 562 5  -  Possibility of small rise as early as Q2: agents Byy Vince Chong PRICES of HDB resale flats fell a marginal 0.8 per cent in the first quarter of the year, prompting agents and analysts to note a possible bottoming
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    • 265 5  -  EYE ON THE ECONOMY manufacturing output ffyi Chua Hui Min SINGAPORE'S manufacturing output fell again in March after sliding 11.7 per cent year-on-year in February. But last month's 2.9 per cent dip cheered analysts, who had expected worse. The Economic Development Board said
      Source: EDB  -  265 words
    • 312 5  -  By< Quak Hiang Whai SINGAPORE should address the issues of high property prices, the difficulty local companies have in securing financing, and the excessive role of government in business in its bid to stay globally competitive. The recommendations were
      312 words
    • 406 5  -  By' Vikram Khanna AFTER collectively expanding by 5 per cent in 2001, the IMF forecasts that Asia's economies will grow by 5.6 per cent this year, and 6.2 per cent in 2003, with the newly industrialising economies (NIEs) of
      406 words
    • 485 5  -  His proposal came out of concern for older workers, was not meant as insult Vince Chang ADVERSE reactions to the suggestion to lower employers' Central Provident Fund contributions for those in their 40s are only the beginning of more to come,
      485 words
    • 151 5  -  MAIL B A G Innes Willox Senior Manager Public Affairs SLA I AM writing in reference to a letter from Paul Thompson (BT, April 25) regarding SlA's change in depreciation policy during the financial year ended March 31, 2002. It is true that the change in
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    • 432 6  -  Report says work on USs22b project at Bandar Nusajaya near Second Link wiM start soon From Eddie Toh in Kuala Lumpur UNIVERSAL Studios has finalised a deal to build a mega theme park at the southern tip of Malaysia, according to a report
      432 words
    • 353 6  -  From] Diana Oon Abdullah in Kuala Lumpur NATIONAL power company Tenaga Nasional yesterday reported a 7.1 per cent rise in half-time earnings to RM1.57 billion (*****.8 million). Foreign exchange gains from the depreciation of the yen against the ringgit accounted for a
      353 words
    • 273 6 U*****.5m loan will be latest since USs34lm in Jan Bloomberg (JAKARTA] The International Monetary Fund may resume loans to Indonesia from a US$4.5 billion credit line as early as next Monday after the board endorses the pace of economic reforms in
      Bloomberg  -  273 words
    • 173 6 Bloomberg [JAKARTA) An Indonesian court acquitted businessman Hashim Djojohadikusumo in a widely followed case involving alleged breach of banking laws. Judge Rusdy Assad ruled that Mr Hashim, a former commissioner and owner of the defunct PT Bank Industri, cannot be convicted for any wrongdoing or mismanagement of
      Bloomberg  -  173 words
    • 276 6 PMO unit asked to account for RM2Om loss: The Sun Dow Jones Newswires [KUALA LUMPUR] The Ma laysian finance ministry could not confirm a newspaper report that claims it ordered a special audit of Mimos Bhd, a unit of the Prime Minister's
      Dow Jones Newswires  -  276 words
    • 394 6 Failure to pay this time may spefl his exit from TRI Reuters [KUALA LUMPUR] Embattled Malaysian tycoon Tajudin Ramli faced a midnight deadline yesterday to pay the state asset manager US$34 million or risk losing his business empire and sparking a bid
      Reuters; REUTERS FILE PHOTO  -  394 words
    • NOTE BOOK
      • 100 6 Dow Jones Newswires [KUALA LUMPUR] Malaysia's Max is Communications Bhd will sell shares in an initial public offering to foreign and local investors, sources said. The IPO will be sold in two separate tranches. The tranche for local investors will likely be priced
        Dow Jones Newswires  -  100 words
      • 66 6 Reuters [JAKARTA] Accounting firm KPMG, adviser to creditors of ailing Asia Pulp Paper (APP), pointed out in a recent note some questionable financial moves by APP, a creditor source said yesterday. That could raise worries over APP's ability to pay back its multi-billion dollar
        Reuters  -  66 words
      • 75 6 Bloomberg [HONG KONG] Cathay Pacific Airways Ltd said it ordered three Boeing Co 777-300 aircraft and three Airbus SAS A 330-300 planes, which may lead to the addition of as many as 800 staff over the next three years. Boeing said the value of the
        Bloomberg  -  75 words
      • 101 6 Bloomberg [JAKARTA] Indonesia may be forced to delay the sale of its main overseas phone company because of stalled talks to sell Deutsche Telekom AG's stake in a mobile phone unit, a government minister said. Indonesia plans to sell a 45 per cent stake in
        Bloomberg  -  101 words
      • 68 6 Bloomberg [MANILA] California Public Employees' Retirement System, the biggest US public pension fund, will review a February decision to sell Philippine stocks, Finance Secretary Jose Isidro Camacho said after a trip to the US. Calpers said in February it would sell stocks it owns in
        Bloomberg  -  68 words
      • 77 6 Bloomberg [JAKARTA] Malaysia's Petronas Carigali Overseas Sdn bought half of RIMS Energy Karapan Ltd, an Indonesian company that operates a field with an estimated 680 million barrels of oil, RIMS said. RIMS' chief executive Dixie Bastian declined to reveal the price paid by Petronas
        Bloomberg  -  77 words
    • 474 7 Move will create a publicly traded company valued at about US$45 billion Bloomberg [NEW YORK] AOL Time Warner Inc is considering selling a minority stake in its Time Warner Cable unit to the public, the Wall Street Journal reported,
      Bloomberg  -  474 words
    • 319 7 Dow Jones Newswires [NEW YORK] Consumer confidence ebbed modestly at the end of April, compared to the prior month, said a report released yesterday. The University of Michigan's full-month report on consumer sentiment was said to show its index for the end of April
      Dow Jones Newswires  -  319 words
    • 192 7 Bloomberg [BUENOS AIRES] Argentina ordered banks to keep money locked in vaults as branches prepared to open for non-cash transactions after being closed for a week. The central bank wiU prevent customers from cashing checks and making withdrawals at branches so they don't drain
      Bloomberg; AFP  -  192 words
    • 402 7 Unprecedented move will set off competition among Wall St houses Bloomberg [NEW YORK] Tyco International Ltd set off an unusual competition on Wall Street by announcing a US$7.l5 billion initial public offering of its CIT Group finance arm without naming the bank that
      Bloomberg  -  402 words
    • IN BRIEF
      • 41 7 Bloomberg [ROTTERDAM] Unilever's Q1 profit jumped 84 per cent after slashing costs as it integrates Bestfoods and cuts weaker brands. Net income rose to 450 million euros (Ss73o million) from 244 million euros a year earlier.—Bloomberg
        Bloomberg  -  41 words
      • 58 7 Bloomberg [NEW YORK] American International Group Inc said Ql profit rose 6.5 per cent as it raised prices on business and auto policies and sold more life insurance and annuities. Net income climbed to US$l.9B billion, or 75 US cents a share, from US$l.B6 billion,
        Bloomberg  -  58 words
      • 49 7 Bloomberg [OSAKA] Matsushita Electric Industrial Co said it had a record loss last fiscal year. It posted a group loss of 431 billion yen (Ss6 billion) in the year ended March 31, compared with net income of 41.5 billion yen in the year ago period.—Bloomberg
        Bloomberg  -  49 words
      • 66 7 Reuters [LOS ANGELES] The Walt Disney Co on Thursday posted a sharp drop in its fiscal Q2 profit from comparable figures a year ago, but was able to beat analysts' forecasts due to cost cutting and improvement in its parks and consumer divisions. Disney
        Reuters  -  66 words
      • 58 7 AFP [TOKYO] Japan's Honda Motor Co said yesterday its annual net profit surged 56.2 per cent to a record high 362.7 billion yen (Sss billion) on a weaker yen and fierce cost-cutting. Honda forecast another record-setting year to March 2003, predicting a 26.8 per cent rise
        AFP  -  58 words
      • 40 7 Bloomberg [TOKYO] Hitachi Ltd had a record loss last fiscal year. It posted a loss 0f484 billion yen in the year ended March 31, compared with net income of 104 billion yen a year earlier. —Bloomberg
        Bloomberg  -  40 words
      • 42 7 Bloomberg [SEOUL] Daewoo Shipbuilding Marine Engineering Co's profit in Ql fell 27 per cent because it built vessels with lower margins. Net income fell to 50.8 billion won (Ss7l million) from 69.6 billion won in the year-earlier quarter.—Bloomberg
        Bloomberg  -  42 words
    • 353 8 SEC chief says it seeks better ways to tie options to a company's performance Bloomberg [NEW YORK] Executives at US companies that restate revenue and earnings should be forced to repay salaries and stock options they received, Securities and Exchange Commission chairman Harvey Pitt said.
      Bloomberg  -  353 words
    • 323 8 ANDERSEN WOES It doubles Mottle's offer, says source Bloomberg Reuters [NEW YORK] PricewaterhouseCoopers, the world's largest accounting firm, has offered to buy Arthur Andersen's US tax business, countering a bid by Deloitte Touche, people familiar with the matter said on Thursday. Deloitte,
      Bloomberg; Reuters  -  323 words
    • 168 8 Reuters [NEW YORK] At least five private investment firms were expected to submit initial takeover bids of up to US$2.2 billion for Burger King yesterday, spurring a potential bidding war for the home of the Whopper, sources close to the situation said. The sale
      Reuters  -  168 words
  • Page 4 Advertisements
    • 18 4 ROLF jBEW^ 1 e ''k™ i D l#l i Exclusively at I I #01-028 Show CMffr* T.l: I
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    • 289 4 qfltoll-frer 1800 W22 IN TH£ MATTER Of THE COMPANIES ACT. CAP 50 AND IN THE MATTE* Of MEIHAN MARINE (S) PTE LTD (In Members' Voluntary Liquidator) NOTICE Of SPECIAL AND ORDINARY RESOLUTION (Pursuant to Section 290<2)(b) Al on Exfroordmory General Meeting ol the abovenomed Compony duly convened ond held on
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    • 286 4 IN THE MATTER Of THE COMPANIES ACT. CAP. 50 AND IN THE MATTER Of DAI LEY ASIA-PACIfIC PTE LIMITED (In Members' Voluntary Liquidation) NOTICE Of SPECIAL AND ORDINARY RESOLUTION (Pursuant to Section 290(2Mb) At an Extraordinary General Meeting of ihe abovenomed Compony deemed to be held on 25th Apr] 2002.
      286 words
    • 127 4 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 COLLECTIVEJUICE LTD (in Members* Voluntary Liquidation 1 At an Extraordinary General Meeting of the Company held at 371 Beach Road #24-01/11 Key point. Singapore *****7 on 22nd April 2002 at 11.00 a.m.. the following resolutions were duly passed SPECIAL RESOLUTION THAT
      127 words

  • Page 5 Advertisements
    • 1424 5 HOTEL PROPERTIES LIMITED I (Incorporated in Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE 6 HEREBY GIVEN that the Twenty-Second Annual General Meeting of the Company wil be held at the 2nd Floor Crescent Ballroom. Four Seasons Hotel Singapore 190 Orchard Boulevard. Singapore *****6 on Tuesday, May 28.2002 at 4.00 p.m
      1,424 words

  • Article, Illustration
    1132 6 Transaction date: Apr 26 nrrERBAMK CROSS BATES tw fir fci Kj Whhm T« Ww Ml P$*>te H» S$ —U Sfr HIS hMNX MS$ 4318 0.607 4.047 L207 4246 ***** ***** 0.700 7.03$ 2.069 1209 32.*****469 0.985 5.932 0490 *.9312X539 0J75 0 544 l""* 1 "5 5J0 aTB 4747 l4e
    1,132 words

  • 5244 7 Transaction date: Apr 26 for more, go to wunvxisiamienmarketsxxMi HONG KONG Vol ms tm AcrossAsu Multimedia .0.19 unch 0 Alpha General 0.03 inch 2100 Amc*Prop 8.70 0.1S 9B17 Ananda Wng&i .008 unch *****0 Angara New Steel H 112 unch ***** Anhui Conch H .2-35 0 05 2710 Anhui
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  • 4559 8 Transaction date: Apr 26 nor live prices, log on to UMWjasiaonemarketsjCom a «a .p-sra,-s a™* a-a-s; a a z~n g-a-ga *3 „i J 2 v s ,»is I**? ;i »i i %&imffis==2? 3? „3 2 2 i? ,B S *2 fliiflg* j-» S5 2 S «i «j S
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  • 61 8 MQM M. Mr CrVM M KM Wttag r 'gjJl M» W- CM> rn+ U. Iwwr t—g CW m >3 >B 113*0 VtO s Dumondl UVUOOcS 6«0 *30 l rSOJUS T«cti UMS10 I S7S «40i ISMSdSpOf* US57S IMO *70 s IS SAPS00 US11M0 1J1S0 9S50 i SRMB US***** II
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  • 1466 8 J£L *M> Mr otw Hat HCap «tta« "F l r M* w- r— U» —wr M» CVr W >3 wg 125 U c AMMdjlSc H undi 30 II II 173 19 u 7 it nl'ZitZz; 21? L*. MS a 213 21 22 5 113 1.2 *1 119 23
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  • 248 8 .y* U« Ml Bar IMOnk iiMr M* SrTW MM MCm u» fwm—t ui w- m i— —rm urn* cm m «a M *1 S* nil C*h*FxXkM- 720 265 2.1 7.4 6 *****2 Cheung Kong50c MK 1780 240 6 3 6 7 3 408% 5 S3 45 City* Solutions
    248 words

  • motoring
    • 697 9  -  Mitsubishi's latest 'offroader' is nothing like its famous mud-loving Pajero. But that may be exactly why it will attract more buyers Reports by Christopher Tan THE car as a fashion statement is not a new thing. Ford's Model T (1908-1927) was offered in various body styles to cater
      697 words
    • BRAVE NEW WHIRL
      • 70 9 DAIMLERCHRYSLER expects to sell about 1,000 Maybach ultra-luxury limos a year, with the US accounting for 400 units. Estimated to cost about Ss2 million in Singapore, the Maybach is the company's most expensive product, and will go on sale from early 2003. The target will
        70 words
      • 132 9 SAAB will produce a car that ckwely resembles the 9-X concept This is most likely to take the form of an Audi A3 rival based on the soon-to-be-launchad 9-3 range. The car could be mechanically similar to the concept, and that would mean a
        132 words
      • 130 9 THE US government has opened four defect investigations into the Ford Focus, the vehicle at the centre of the automaker's plan to woo younger buyers, reported AP. Two investigations involve possible airbag malfunctions, while the others were prompted by reports that the rear wheel bearings
        130 words
      • 95 9 GENERAL Motors is considering offering safety features such as anti-lock braking systems in fewer vehicles, one of the company's top safety executives told AP. No final decision has been made, but the change is being considered as part of GM's efforts to cut costs,
        95 words
      • 87 9  -  Compiled by Christopher Tan MG Rover has signed a business and marketing partnership with Caterham Cars, a specialist British sportscar manufacturer. The agreement includes an exclusive contract for Powertraln Ltd, MG Rover's engine and gearbox subsidiary, to supply all power unit requirements of Caterham Cars. Additionally, Caterham
        87 words
    • 401 9 Mazda's Premacy ops the ante on the compact-MPV challenge HERE's a car that is uncannily similar to the Airtrek. Not because it looks like Mitsubishi's latest SUVstyle car, but because it has similar dimensions (well, slightly shorter), a two-litre 16-valve engine with similar torque, foot-operated parking
      401 words

  • in the money
    • 1106 10  -  SHOW ME THE M 0 N E Y H is possible to deduce to some extent a company's outlook from its managemenfs actions teh hooi ling Management will always have more information about the company it runs than you and I.
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    • 449 10  -  By Patrick Peck The writer is a vice-president at Paris-based JCF Group THIS week saw a total of 41 recommendation changes 28 upgrades against 13 downgrades. Creative Technology was in the limelight this week, following better-than-expected results. Analysts upgraded the company with 3
      449 words
    • 522 10  -  INVESTOR EDUCATION By Sebastian Chong The writer is an associate professor in finance and accounting attheNUS Business School and a committee member of the Securities Investors Association (Singapore). The views expressed are his own. TODAY, we shall interpret the share price and related data published in
      522 words
    • 1033 10 mil SL S* 5* AJkom Tech 20c F 02 26-Apr 02-May BMa ASyeen Prop Sfc F J 03-An 06-An l»>r APOIWISc F 0 1S9 05-An 10-An IMui A*ott20c b 1 24-Apr 2Mo W«% A«a«20c iSApr 29Apr 104*ay AilMldgs20c b 1 JMp 0fr44ay tVMay ASJHMgs20c S «Tt 30Apr Ob-May
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    • Article, Illustration
      825 11 The DBS \Ackers model portfolio underperformed the Straits Times Index as the blue chip Index recovered In late Friday tracing, losing only 2 points for the week while the broader market was weaker. The portfolio was dragged down mainly by the smaller caps, which are not Last week,
      825 words
    • 472 11 /or wegfr beginning Apr 22 rnm ill ■lill.i *3 Mm '"'mm c— m *>$ r— fig P*™> < g > Kh "g If 1' 0.07 ***** tU RMI 11J £***** Buy 14$ Oil ***** 97 1792* *7 24A££J 0 0-* WJ TO15 1«9 °oi? ;«jf 5; ;-gg
      472 words
    • 657 11  -  CAVEAT EMPTOR SlA's load factor has improved and analysts are bullish. But don't expect a smooth ride angela tan THE share price of Singapore Airlines (SIA) has doubled from their post-Sept 11 lows to hover above $14 recently. Sentiment surrounding the national carrier has been improving,
      657 words
  • Page 10 Advertisements
    • 894 10 PEOPLE'S FOOD HOLDINGS LIMITED (Incorporated in Bermuda with limited liability) NOTICE IS HEREBY GIVEN that the Annual General Meeting of People s Food Holdings Limited ("the Company") will be held at Fullerton Hotel, The Ballroom 1, 1 Fullerton Square. Singapore *****8 on Tuesday, 21 May 2002 at 9.00 a.m. for
      894 words
    • 52 10 MONASH POSTGRADUATES ARE CHANGING THE WORLD. CHANGE YOURS ON APRIL 28. Attend the Monash University research seminar: Sunday 28 April, 2pm, Ballroom 1, Hilton Hotel, 581 Orchard Road, Singapore. To attend, reply to IDP Education Australia (Singapore), email counsel lor. 6 ©si ngapore.idp.edu.au or telephone 6736 7040/41. ILV www.monasli.tda.au/intoff/reMarch ProMdwiuntar
      52 words

  • 3265 11 UNIT TRUSTS FUNDS AMI Amro Aaet Mgt (S'pore) Star Europe Eqty! A 0.785/ Star Europe M 0.96V Star Europe Bal 0.874/ Star Asian Tiger Eqty 0.868/ Star Asia Bond 1.266/ Star Asia Balanced 0.907/ Star Global Technology Fund!** 0.241/ Star Bhv Finance Japan Fund!** 0.779/ Star Asia BonddJSD) 0.695/ AM
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  • Page 11 Advertisements

  • week in review
    • 913 12 For the full stories, visit http://business-times.asial.com.sg Big jump in business performance, sentiment April 25 BUSINESS performance and sentiment in Singapore rebounded strongly in the First quarter, led largely by big companies, and marked by improvements across a broader base. While the number of firms with lower
      FILE PHOTO  -  913 words
    • 285 12 VSkram Khanna April 22 THE ugty side of caveat emptor THE principle of caveat emptor or 'buyer beware' has been the guiding philosophy of stockmarket regulators around the world. But that principle starts to look suspect when big players take advantage of the relative freedom it confers
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  • 2575 12 Transaction date: Apr 26 KUALA LUMPUR M rmm ASM Realty 1.36 0.01 60 Abric -2.02 -0.01 262 ACP Industries 3 JO unch 392 Advance Synergy A61 unch 515 Affin Holdings .0.35 unch 39 Ahmad Zaki Res 4.90 unch 6 AlCCorp 5.60 -0.25 55 AikbeeRes 1.72 002 406 AXN Technology
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  • 708 12 Transaction date: Apr 26 1 O— o—i —dimmm m O— Omm 040 4.920 *0000 NatSMSOc OJO 1.110 -0410 CjprtjLand IJi 1.730 ♦0.070 OCBC 9 at ***** -0100 Chart ScmCond 26c 17* 4 £00 -0X120 Out 049 C*V 04* 50c 2-31 6.350 *0-200 Pirtw» H 25t 0J2 0*15 *0X05 OH4N4T2SC
    708 words
  • 617 12 BONDS WARRANTS MCM Ear "tUT M "w mm uw AST1WD***** AS -0.5 30 1 16 5 1.49 26 AcmaLtdW*****6 J 1 50 458 117 31 AmtetW*****0 J4 -1 85 1 33 1 151 38 Armstrong W*****0 0.5 70 1 10 16 271 25 AsiafoodP W*****2 OS 1 166 2462 1300
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  • food
    • 1178 13  -  Fresh faces inject new life into familiar places. CHEAH Ul HOON looks at what's on the menu CHEAH UI HOON AFTER several rounds of checking out new eateries, you've narrowed down your favourites. Then what happens? They bring in new chefs and change the menus, which
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  • Page 13 Advertisements
    • 640 13 J■# DIN NG AT THE MALLS Junction 8 v M Vn4^| m Orange Julius: #01 Kl. Tel: *****555 r fat frozen yogurt c 5-tvrberf cioied ■oothi&i arc a'ways made vr-jh Sizzler: #81-07. Tel: *****900 c pioui 'y it", **ori«. t*~rs casual dm:rq :c»stuor 'j it ohc j sea* >ca eel
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  • what's in style theatre/ art
    • 712 14  -  Differences are to be celebrated, not singled out as Honk! creator/director Anthony Drewe tells PARVATHINAYAR PARVATHI NAYAR IF you've wanted to update your fairy tale repertoire thanks to those cabs tootling round town with posters telling you to Honk! if you know the Ugly Duckling, well,
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    • 613 14  -  By Parvathi Nayar IT'S a rather cool idea that being different isn't good or bad, but just, well, different. In a world ripped apart from a fear of differences, it's an ideal global anthem but perhaps we're getting too serious here. The idea in
      613 words
    • 686 14  -  Organised by the Art Galleries Association of S 'pore, New Finds is the name given to a group of exhibitions that tries to create new partnerships between galleries and artists. Last week, we looked at four participating artists; today we look at the work of the
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    • 319 14  -  A roundup of events Compiled by ADELINE CHIA, CHEAH UI-HOON CftMtfve construction Construction Site: Recent Works of Milenko Prvacki is a large format exhibition with seven 4zn x 3m paintings and three large outdoor sculptures. Prvacki employs processes such as bricklaying, carpentry and mudpacking The creative act is
      319 words
  • Page 14 Advertisements

  • collections
    • 839 15  -  BIZWOMAN Deborah Lim moved from a solid job in litigation law to the flighty business of fashion retail, and scored big with her own line of shoplets stocking well-crafted, one-of-a-kind pieces. CATONG finds out how she plugs the needs of the Prada-weary shopper CAT ONG THE
      CHRIS LOH  -  839 words
    • 866 15  -  Trying to reduce that handicap but just can't swing it with your store-bought irons? GEOFFREY EU suggests a visit to Yuji Mori, golf guru and maker of customised clubs that'll suit you to a tee GEOFFREY EU IF ever any doubters out there needed convincing
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    • Article, Illustration
      185 15  -  Our top picks of what's oiU©shelves Compiled by CORINNE KERK Just chanting IN keeping with its promise to launch jewellery collections that reflect trends in the fashion world. AsPial's new Summer 2002 line is inspired by the white, light, frilly, lacy and flowery designs seen on runways from
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  • Page 15 Miscellaneous
    • 249 15 CHVFITC CROSSWORD ACROSS J) 5 Frenchman cooked risotto sel, -9° vern for one at the wheel (8) 8 tt SUS SUTOUndS alLs 9 Vety neatly leave letter out- <" ilh si(je 5 j 14 Cnmmalty behaving with rv--10 Coated shortly? (8) tent (9) 11 Stem guide (6) 15 s also
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