The Business Times, 27 April 2002
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2002-04-27
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The Business Times
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522 2002-04-27 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 atBloomberg,; Reuters,; AP - 522 words
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Article, Illustration733 2002-04-27 1 Kalpana Rashiwala - 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 wasSource: URA/HOB - 733 words
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Article, Illustration855 2002-04-27 1 vikram khanna - 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 transformational855 words
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Article, Illustration511 2002-04-27 1 Loh Hui Yin - 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 economic511 words
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Page 1 Advertisements
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Advertisement12 2002-04-27 1 WHAr$ F MfflenialAMfc Scenes from a i mall. MCE 16 I m12 words
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Advertisement36 2002-04-27 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 336 words
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Advertisement108 2002-04-27 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 tourbillon108 words
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next page
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Article, Illustration630 2002-04-27 2 r sivanithy - 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 the630 words
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Article71 2002-04-27 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 +7.2371 words
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Article75 2002-04-27 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»»75 words
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895 2002-04-27 2 Conrad Raj Macabe Keliher - 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 of895 words
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Article, Illustration398 2002-04-27 2 Serena Ng - 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, scheduledJAMES CHOUCHER/ST - 398 words
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Article48 2002-04-27 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.48 words
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558 2002-04-27 2 Christopher Tan - 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 a558 words
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Advertisement106 2002-04-27 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 ■<>■'*»»106 words
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in focus
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Article722 2002-04-27 3 Anna Teo - 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's722 words
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Article, Illustration644 2002-04-27 3 Chuang Peck Ming - 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 more644 words
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572 2002-04-27 3 Siow Li Sen - 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 the572 words
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Article382 2002-04-27 3 Andrea Tan - 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 least382 words
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Article425 2002-04-27 3 Tang Weng Fai - 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 for425 words
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in the news
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Article, Illustration485 2002-04-27 4 Andrea Tan - 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 itsCHRIS LOH - 485 words
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526 2002-04-27 4 Siow Li Sen - 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
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552 2002-04-27 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, analystsBloomberg - 552 words
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431 2002-04-27 4 Harish Mehta - 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 approved431 words
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405 2002-04-27 4 Serena Ng - 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 bought405 words
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249 2002-04-27 4 Andrea Tan - 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 group249 words
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IN BRIEF
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70 2002-04-27 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 total70 words
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86 2002-04-27 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 call86 words
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Article56 2002-04-27 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,56 words
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47 2002-04-27 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. —ReutersReuters - 47 words
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Article60 2002-04-27 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 centReuters - 60 words
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Article, Illustration360 2002-04-27 5 Serena Ng - 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 WhaiFIIE PHOTO - 360 words
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562 2002-04-27 5 Vince Chong - 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 bottoming562 words
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Article, Illustration265 2002-04-27 5 Chua Hui Min - 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 saidSource: EDB - 265 words
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312 2002-04-27 5 Quak Hiang Whai - 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 were312 words
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406 2002-04-27 5 Vikram Khanna - 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) of406 words
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485 2002-04-27 5 Vince Chang - 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
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Article151 2002-04-27 5 Innes Willox - 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 in151 words
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Article, Illustration432 2002-04-27 6 Eddie Toh - 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 report432 words
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353 2002-04-27 6 Diana Oon Abdullah - 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 a353 words
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273 2002-04-27 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 inBloomberg - 273 words
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Article173 2002-04-27 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 ofBloomberg - 173 words
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276 2002-04-27 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'sDow Jones Newswires - 276 words
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Article, Illustration394 2002-04-27 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 bidReuters; REUTERS FILE PHOTO - 394 words
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NOTE BOOK
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Article100 2002-04-27 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 pricedDow Jones Newswires - 100 words
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Article66 2002-04-27 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 dollarReuters - 66 words
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Article75 2002-04-27 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 theBloomberg - 75 words
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Article101 2002-04-27 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 inBloomberg - 101 words
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Article68 2002-04-27 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 inBloomberg - 68 words
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77 2002-04-27 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 PetronasBloomberg - 77 words
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474 2002-04-27 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
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319 2002-04-27 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 AprilDow Jones Newswires - 319 words
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Article, Illustration192 2002-04-27 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 drainBloomberg; AFP - 192 words
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402 2002-04-27 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$7.l5 billion initial public offering of its CIT Group finance arm without naming the bank thatBloomberg - 402 words
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IN BRIEF
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Article41 2002-04-27 7 Bloomberg [ROTTERDAM] Unilever's Q1 profit jumped 84 per cent after slashing costs as it integrates Bestfoods and cuts weaker brands. Net income rose to 450 million euros (Ss73o million) from 244 million euros a year earlier.—BloombergBloomberg - 41 words
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Article58 2002-04-27 7 Bloomberg [NEW YORK] American International Group Inc said Ql profit rose 6.5 per cent as it raised prices on business and auto policies and sold more life insurance and annuities. Net income climbed to US$l.9B billion, or 75 US cents a share, from US$l.B6 billion,Bloomberg - 58 words
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Article49 2002-04-27 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.—BloombergBloomberg - 49 words
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Article66 2002-04-27 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. DisneyReuters - 66 words
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Article58 2002-04-27 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 riseAFP - 58 words
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Article40 2002-04-27 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. —BloombergBloomberg - 40 words
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42 2002-04-27 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.—BloombergBloomberg - 42 words
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Article, Illustration353 2002-04-27 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
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323 2002-04-27 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
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168 2002-04-27 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 saleReuters - 168 words
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Advertisement18 2002-04-27 4 ROLF jBEW^ 1 e ''k™ i D l#l i Exclusively at I I #01-028 Show CMffr* T.l: I18 words
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Advertisement289 2002-04-27 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 on289 words
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Advertisement286 2002-04-27 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
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Advertisement127 2002-04-27 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 THAT127 words
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Advertisement1424 2002-04-27 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.m1,424 words
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Article, Illustration1132 2002-04-27 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 l4e1,132 words
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Article5244 2002-04-27 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 Anhui5,244 words
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Article4559 2002-04-27 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 S4,559 words
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Article61 2002-04-27 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***** II61 words
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Article1466 2002-04-27 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 *1 119 231,466 words
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Article248 2002-04-27 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* Solutions248 words
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motoring
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Article, Illustration697 2002-04-27 9 Christopher Tan - 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 cater697 words
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BRAVE NEW WHIRL
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Article70 2002-04-27 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 will70 words
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132 2002-04-27 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 a132 words
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Article, Illustration130 2002-04-27 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 bearings130 words
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95 2002-04-27 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
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Article87 2002-04-27 9 Christopher Tan - 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, Caterham87 words
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Article, Illustration401 2002-04-27 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 parking401 words
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in the money
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Article, Illustration1106 2002-04-27 10 teh hooi ling - 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.1,106 words
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449 2002-04-27 10 Patrick Peck - 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 3449 words
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Article522 2002-04-27 10 Sebastian Chong - 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 in522 words
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Article1033 2002-04-27 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-May1,033 words
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Article, Illustration825 2002-04-27 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
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Article472 2002-04-27 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; ;-gg472 words
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Article, Illustration657 2002-04-27 11 angela tan - 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
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Advertisement894 2002-04-27 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. for894 words
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Advertisement52 2002-04-27 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 ProMdwiuntar52 words
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Article3265 2002-04-27 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/ AM3,265 words
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Page 11 Advertisements
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Advertisement16 2002-04-27 11 PROPERTIES g The Straits Times Classified. cats Classifications 402 -568. Buy it s«fl it Find it16 words
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week in review
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Article, Illustration913 2002-04-27 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 lowerFILE PHOTO - 913 words
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Article285 2002-04-27 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 confers285 words
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Article2575 2002-04-27 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 Technology2,575 words
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Article708 2002-04-27 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 OH4N4T2SC708 words
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Article617 2002-04-27 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 1300617 words
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food
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Article, Illustration1178 2002-04-27 13 CHEAH UI HOON - 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, which1,178 words
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Page 13 Advertisements
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Advertisement640 2002-04-27 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 eel640 words
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what's in style theatre/ art
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Article, Illustration712 2002-04-27 14 PARVATHI NAYAR - 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,712 words
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Article, Illustration613 2002-04-27 14 Parvathi Nayar - 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 in613 words
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Article, Illustration686 2002-04-27 14 Parvathi Nayar - 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 the686 words
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Article319 2002-04-27 14 ADELINE CHIA, CHEAH UI-HOON - 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 is319 words
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Page 14 Advertisements
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Advertisement32 2002-04-27 14 I Lianhe Zaobao I INo light I lat the end I I of the tunnel I I for the I I Japanese I I economy I I bum I M 7*« I32 words
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collections
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Article, Illustration839 2002-04-27 15 CAT ONG - 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 THECHRIS LOH - 839 words
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Article, Illustration866 2002-04-27 15 GEOFFREY EU - 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 convincing866 words
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Article, Illustration185 2002-04-27 15 CORINNE KERK - 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 from185 words
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Page 15 Miscellaneous
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Miscellaneous249 2002-04-27 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 also249 words
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what's in style
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Article, Illustration1024 2002-04-27 16 CHEAH UI-HOON - Millenia Walk gets a makeover with two exclusive new names moving in Malaysian luxury retailer Aseana and FJ Benjamin's MUFC menswear. CHEAH UI-HOON gets the details CHEAH UI-HOON WITH shrinking shopping budgets and contracting tourist numbers, shopping malls aren't quite the happiest honchos on the blockPHOTO OF MILLENIA WALK by CHRIS LOH - 1,024 words
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Page 16 Advertisements
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Advertisement12 2002-04-27 16 HpiRWD I New chefs popup at notW so-new places. F¥ >■ Ip> 1312 words
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Advertisement4 2002-04-27 16 ll|n||DyjlA Hm Vr ffro,<ier4 words