The Business Times, 17 August 2002

Lock icon This issue may only be viewed from the multimedia stations at NLB Libraries. See FAQ for more information.

Total Pages: 16
1 16 The Business Times
  • 15 1 THE BUSINESS TIMES weekend 85C SINGAPORE AUGUST 17-18, 2002 Internet http //business-times asial com sg
    15 words
  • 512 1  -  It will also oversee corporate governance, disclosure practices By, Angela Tan [SINGAPORE] Singapore yesterday launched a high-level body that will prescribe financial reporting standards for companies as well as ensure that corporate governance and disclosure practices here are in line with international
    512 words
  • 505 1  -  Offer by president may be in danger of being topped By i Catherine Ong [SINGAPORE] Nat Steel Ltd was until late last night still locked in negotiations with its president, Ang Kong Hua, on a management buyout offer (MBO) that
    505 words
  • 712 1  -  SATURDAY SOAPBOX vince chong CONTRARY to popular wisdom, good things do emerge from bad times. Amid Singapore's worst recession, one bright spot is the reinstatement of the marriage ideal to its rightful place. Specifically, what I mean is
    712 words
  • 403 1  - Goh Chee Wee paid 1.43m last year EXCLUSIVE Remuneration is 2.1% of Comfort's $68m net profit By Christopher Tan [SINGAPORE] Comfort Group's Goh Chee Wee is among the highest-paid chief executives in Singapore. According to the taxi operator's latest annual report, Mr Goh received $1,431 million last year up 15
    403 words
  • Page 1 Advertisements
    • 4 1 Mini yeah, y^PAGE 9
      4 words
    • 116 1 PROFILE nl I Walter Woon's first novel, Advocate's Devil. PAGE IS < I <R < wh -M I J j V<a IJ ililL f i«i] iiiHiuiitiiiiM^nuMtiiTrrrffvn^Mi ■BfwTntesfito: -■"'?ti'- unifl UuiJf iHij T rwujjuuiiij^^Bi MbBJT"" |ttpj» i !^^tUiiUMiTrM^Tz^T*pHfw3^i^WT*iir?Tii»^B v#/ w l K < x/ Breguet. La passion laisse des traces. Wnstwatch
      116 words
    • 12 1 IN THE \?V MONEY Getting clued in by corporate insiders. PAGE 10
      12 words
    • 42 1 WHAT'S IN STYLE Wine: still a business. RAGE 16 w' J V old S'pore model is no longer adequate. We are moving into a phase of a more competitive, globalised market. Senior Minister Lee Kuan Yew IV\(it (ill 8 *****1 1 *****4"
      42 words

  • next page
    • 656 2  -  MARKET REVIEW r sivanithy THERE is a saying that "no news is good news". It has also been said that stock prices often oscillate between the contrasting emotions of fear, greed and hope. Both statements were equally applicable this week, when the
      656 words
    • 73 2 STI 1,822.60 (-9.24) ST INDEX FUTURES 1,824.00 (-11.00) SIMSCI FUTURES 191.10 (+0.30) Friday Change KLSECOMP 73««0 +2.53 NIKKEI 225 9.7 KM 13 -7.44 HA.N(i SKNG _I0.2S504 +45,tJ SET INDEX .173(13 >141 JAKARTA COMP ***** +2.25 MANILA COMP .1.14,157 .1048 TAIPEI WPI 4.***** -1245 SEOUL COMP 718 29 +7.05 SHENZHEN
      73 words
    • 68 2 FOREX RATES US$ S$ l'S$ (S$ per l'S$) 1.747 Si(l:S$/S$ per ii) 1.533 1678 M;RO(l!S$/S$/K). 0579 1.711 YEN 117.6 67.10 RM rl.HOO 1175 HKS 7.H00 4.465 BAHT 41.78 23.92 RIPIAH 8,833 5.056 PRIME RATES SINGAPORE* 54S KUALA LUMPUR H 4o HONGKONG 5125 JAKARTA :t9.U0 TAIPEI 6625 TOKYO 1.175 SEOUL
      68 words
    • 726 2  -  Result was far better than maifcet expectations of 9% and the strongest showing since kuguit 2000 Byi Chuang Peck Ming [SINGAPORE] Singapore's key non-oil domestic exports rose 16.8 per cent last month from a year ago to $8.67 billion far better than expected,
      Source: International En Singapore  -  726 words
    • 371 2  -  Offer of 34.88 cents a share, a 16% premium By David Boey [SINGAPORE] GES International Ltd (GIL) said yesterday it would pay Eltech Electronics shareholders 34.88 cents per share, or a 16 per cent premium over Eltech's last traded share price,
      371 words
    • 98 2 Council on corporate disclosure governance JYPMay chairman. SGX Chum Hang CNng chairman, president, Singapore Institute of Directors EutotnGoh CEO, Standard Chartered Bank FangAi Uan chairman, Ernst Young LtowMunLsong president CEO, CapitaLand Loo Choon Yoog executive chairman, Raffles Medical Group LudenWong managing partner, Allen Gledhill Mak YuanTaan vice-dean, NUS Business School
      98 words
    • 660 2  -  CURRENCY larry wee DESPITE Wall Street's explosive recovery this week, the US dollar was looking distinctly weaker yesterday. What's happening? If we compare yesterday's numbers with last Thursday's (before our National Day holiday), we'll discover that while US stock indices are
      Source: Reuters  -  660 words
  • Page 2 Advertisements

  • in the news
    • 570 3  -  Lowest first-year fixed rate and novel discount scheme offerred By i Quak Hiang Whai OCBC Bank has responded to the latest series of price cuts in the mortgage loan market by offering the lowest first-year fixed rate and a novel "bring-a-friend"
      FILE PHOTO  -  570 words
    • IN BRIEF
      • 132 3 TRANSPORT operator Comfort Group has decided to sell its stake in Hong Kong coach operator Trans-Island Limousine Service (TILS) just over a year after investing HKS4O million (Ss9 million) in the business. TILS parent Ananda Wing On Travel will buy back the 25
        132 words
      • 84 3 SEMBAWANG Kimtrans said first-half2oo2 net profit fell to $1.07 million from $2.03 million a year ago, mainly due to a reduced turnover, lower gross profit margin as a result of stiff competition, its inability to reduce certain fixed costs, as well as an increase in
        84 words
      • 92 3 Reuters SINGAPORE capital venture firm kl Ventures Ltd, 41-per-cent owned by Keppel Corporation Ltd. reported a full-year net loss of $78.43 million yesterday due to a writedown of unquoted investments. The loss for the year to June 30 widened from $9.61 million in the previous
        Reuters  -  92 words
      • 63 3 HWA Hong Corp said net profit rose 23 per cent to $6.7 million for first-half 2002, boosted by the write-back of a non-tax deductible provision of $5 million during the period. Turnover for the group decreased by 68.95 per cent to $31.6 million mainly due
        63 words
      • 79 3 INTERNATIONAL Press Soft Com (IPS), a provider of software manufacturing and supply chain management services, announced that it swung to a net loss of $4.8 million in first-half2oo2 from a net profit of $2.6 million a year ago. Revenue dropped 22.5 per cent to
        79 words
      • 45 3 Reuters CHARTERED Semiconductor Manufacturing, the world's third-largest microchip contract maker, said yesterday it has opened an office in China, the fastest-developing chip market. The Shanghai office will offer customer service, engineering, and marketing functions, the Singapore-based and Nasdaq-listed company said. Reuters
        Reuters  -  45 words
    • 489 3  -  It places out 12.57 m shares to 476 parties to meet free float rule By Ven Sreenivasan AFTER almost two years in limbo, the shares of marine reclamation company Links Island Holdings will resume trading on Wednesday. The Singapore
      489 words
    • 509 3  -  Gain boosted by doubling of profits from residential devt By Kalpana Rashiwala ROBERT Kuok's Allgreen Properties yesterday posted a sterling set of first-half results, with group net profit jumping 90 per cent to $71 million, thanks to a doubling of profits from residential
      509 words
    • 271 3  -  SGX yet to give nod; firm to seek more time for completion By. Andrea Tan BELEAGUERED Construction firm Presscrete Holdings' reverse takeover deal with Neo Corp has been delayed. Presscrete said in a statement yesterday it could not call an extraordinary general
      271 words
    • 201 3 THE executive chairman of North 22 Technology Services Group, a Hong Kongbased computer services company, has distributed 40.1 million shares to 11 of his employees. At yesterday's closing price of 7.5 US cents a share, the shares are worth some US$3 million.
      201 words
    • 551 4  -  International and regional conditions have changed drastically By Eugene Low SINGAPORE'S brighter economic prospects might have prompted the recent upward revision of the official growth forecast to 3-4 per cent, but Senior Minister Lee Kuan Yew yesterday warned that the future is still
      551 words
    • 468 4  -  There's plenty of worfctobedone, he says Reports by t Andrea Tan NO major layoffs will take place at the Housing and Development Board (HDB) in the short term. Minister for National Development Mah Bow Tan assured yesterday, but he added that
      468 words
    • 322 4  -  From Eddie Toh in Kuala Lumpur SINGAPORE investors are welcome in Malaysia despite the "political noise" between the two countries, according to Singapore's Ambassador-at-large Tommy Koh yesterday. "The message I will bring back is that Singapore business is welcome in Malaysia," he
      322 words
    • 177 4 MINISTER for National Development Mah Bow Tan is not ruling out the possibUity of the Housing Development Board (HDB) providing only public housing. "That should not be ruled out but we've not reached a stage where we need to think about it
      177 words
    • 232 4 MEDIACORP'S Channel 8 is the most watched channel in Singapore for the second quarter, says the Singapore Broadcasting Authority (SBA). In its second quarterly report on television viewership and radio listenership, SBA said Channel 8 was tops commanding a 37.2 per cent
      232 words
    • 318 4  -  EYE ON THE ECONOMY electronics Byi Chuang Peck Ming EXPORTS of key electronic products in July rose 14.1 per cent over a year ago the first year-on-year growth in 18 months. The increase, announced yesterday by International Enterprise Singapore, came after a 9.6 per cent
      318 words
    • 368 4 Report contains data from one-year probe by KPMG Reuters DEUTSCHE Bank, seeking to oust the controlling shareholders of debt-laden Asia Pulp Paper Co Ltd (APP), fought yesterday to be allowed to use a crucial report by accounting firm KPMG in its court
      Reuters  -  368 words
    • 686 5  -  Figures confirm rising credit card defaults this year From. Audrey Tan in Hong Kong AS Hong Kong's economy continues to slide, the number of bankruptcies hit a record high of 12,407 in the first seven months of this year almost triple
      686 words
    • NOTE BOOK
      • 82 5 Reuters [MANILA] The Philippine government said yesterday that President Gloria Macapagal Arroyo had accepted the resignation of Raul Roco, a popular Cabinet minister who is likely to be a major rival in the 2004 presidential polls. Mr Roco resigned as education secretary on Tuesday after
        Reuters  -  82 words
      • 88 5 Dow Jones Newswires [KUALA LUMPUR] HSBC Bank Malaysia Bhd deputy chairman and chief executive Dyfrig John will leave to take up a new position in the UK, the bank said yesterday. He will be succeeded by Zarir Jal Cama, currently chief executive
        Dow Jones Newswires  -  88 words
      • 88 5 AFP [KUALA LUMPUR] The leaders of Malaysia's hardline Islamic opposition party are headed for hell because they have betrayed the religion by calling God a "thug" and a "hoodlum", Prime Minister Mahathir Mohamad said yesterday. Dr Mahathir was speaking in the northern Terengganu
        AFP  -  88 words
      • 84 5 AFP [BEIJING] China's investment in fixed assets an indicator of government spending on infrastructure grew 24.1 per cent year-on-year in the first seven months of this year, according to official statistics released yesterday. Spending reached 1.38 trillion yuan (Ss29o billion), according to the National
        AFP  -  84 words
      • 91 5 Bloomberg [TAIPEI] Taiwan Asset Management Corp (TAMC), co-owned by 33 Taiwanese banks and bills finance companies, has agreed to buy the bad loans of five local lenders and may need fresh funding to assume other debt it is evaluating. The company is
        Bloomberg  -  91 words
      • 112 5 Reuters IbHANGHAI] China plans to change the rules for mergers and acquisitions involving foreign companies before year-end, the official China Securities Journal yesterday quoted the foreign trade ministry as saying. Chinese firms have seen a rash of buying interest from foreign multinationals,
        Reuters  -  112 words
    • 551 5  -  From Shoeb Kagda in Jakarta INDONESIAN President Megawati Sukarnoputri yesterday unveiled a draft Budget for 2003 designed to further consolidate the government's fiscal position by reining in the ballooning fiscal deficit, but it offered little to stimulate economic growth. Delivering
      AP  -  551 words
    • 409 5  -  A 4.4 per cent stake was transferred to Danaharta on Aug 7 From Eddie Toh in Kuala Lumpur A PORTION of prominent Malaysian banker Azman Hashim's stake in Arab-Ma-laysian Corporation has been transferred to national bad debt agency, Pengurusan Danaharta Nasional, but he
      409 words
    • 569 5 Bloomberg [TAIPEI] Taiwan's economy grew in the second quarter at the fastest pace in more than two years as mo-bile-phone and computer makers shipped more goods to China, countering a slowdown in US demand. Gross domestic product expanded 4 per cent from a year
      Bloomberg; AFP  -  569 words
    • 456 5 Bloomberg [HONG KONG] Hong Kong's government may choose a scapegoat for the bungled proposal to eliminate penny stocks, rather than fire senior officials appointed under a new system meant to increase responsibility. The Hang Seng Hong Kong Small-Cap Index fell 4.2
      Bloomberg  -  456 words
    • 318 5 [KUALA LUMPUR] Hong Leong Bank Bhd and Southern Bank Bhd on Thursday posted good financial results, providing further evidence that the pace of the country's economic recovery remains strong. For its financial year ended June 30, Hong Leong Bank reported a 17 per
      318 words
    • 573 6 LATEST US INDICATORS New home construction in July at slowest pace in three months Bloomberg, Reuters (WASHINGTON] US consumer prices rose less than expected in July, as lower costs for air travel and clothing tempered a surge in medical care, a government report
      Bloomberg,; Reuters  -  573 words
    • 206 6 LAT-WP [WASHINGTON] In a potential complication for US relations with Saudi Arabia, more than 600 relatives of Sept 11 terrorism victims filed a lawsuit on Thursday that accuses seven foreign banks, eight Islamic foundations and three members of the Saudi royal
      LAT-WP  -  206 words
    • 421 6 Reuters [NEW YORK] US factory growth appears to have stalled, stirring speculation the Federal Reserve may cut interest rates in coming months to ward off a second recession if the weakness spreads. "I've been an optimist for a long time. But I'm beginning to
      Reuters  -  421 words
    • 679 6  -  Fnmii Anthony Rowley in Tokyo THE end of the short-lived venture between US-based Nasdaq and Japan's second largest stock exchange in Osaka was signalled yesterday when operating company Nasdaq Japan chose to become dormant. The near-100 companies listed on Nasdaq Japan will continue
      679 words
    • 413 6 Bloomberg [LONDON) Tyco International Ltd, Vivendi Universal SA and more than 50 other companies around the world may have at least US$6O billion in unexpected cash payments due by the end of next year. That's the amount of convertible bonds they
      Bloomberg  -  413 words
    • 556 6 He says he can't do his job amid current criticism NYT [NEW YORK] Jack Grub man, the beleaguered telecommunications analyst who was once among the most powerful figures on Wall Street, resigned from Salomon Smith Barney on Thursday in what the firm described as a
      NYT; REUTERS  -  556 words
    • WORLD WATCH
      • 89 6 Bloomberg [CLINTON, Mississippi] World Com Inc, a telecommunications company that misreported US$7.lB billion in expenses, said on Thursday that it will delay its second-quarter filing with the US Securities and Exchange Commission. World Com, in a filing with the SEC, said it cannot
        Bloomberg  -  89 words
      • 95 6 Bloomberg [WALLDORF, Germany] SAP AG, the world's biggest maker of business-management software, has fired 140 employees in the US and the UK to lower costs as sales decline. SAP cut about 80 jobs in the UK and 60 in the US and
        Bloomberg  -  95 words
      • 87 6 Bloomberg IoAN r KANCISCO] Gap Inc s second-quarter profit fell 37 per cent as the largest US clothing retailer reduced prices on slow-selling merchandise to clear the shelves for early autumn tops and denim. Net income in the quarter ended Aug 3 declined to US$56.B
        Bloomberg  -  87 words
      • 80 6 Bloomberg ILi 11 Lb rUN, Colorado] Echo Star Communications Corp had a second-quarter profit after adding more subscribers than some analysts had forecast for its satellite-television service, the second biggest in the US. Net income was US$45.B million, or seven US cents a share, compared
        Bloomberg  -  80 words
      • 62 6 Reuters [WASHINGTON] The US government on Thursday sought to expand its search for credit card records as it tries to track down tax cheats keeping money in offshore accounts. The Justice Department said it has asked a federal court in Miami to allow the
        Reuters  -  62 words
      • 62 6 Reuters [GENEVA] American banks were the highest paying banks in Switzerland last year, dishing out an average of around 400,000 Swiss francs (*****,576) per employee in salaries and benefits, a survey by Swissmoney Research showed. Swiss giants ÜBS and Credit Suisse ranked near the
        Reuters  -  62 words
      • 65 6 Reuters {SEOUL] South Korean regulators said yesterday that two employees at a pair of local brokerages will be suspended for improperly trading in shares they recommended to clients as a sector crackdown spreadsto domestic firms. The Financial Supervisory Commission did not release the names of
        Reuters  -  65 words
      • 87 6 Reuters [LONDON] Oil prices lost steam yesterday after the previous day's rally but dealers said the market will remain underpinned by expectations of a US military campaign against major crude producer, Iraq. International benchmark Brent crude futures for October delivery was 23 US
        Reuters  -  87 words
    • 464 7 tt expects to increase sales volume by 5% overQ2 Neflf of Bear, Stearns. AP. NYT [NEW YORK] Dell Computer Corp reversed year-ago loss in the second quarter as it continued its elbows-out assault on the rest of the market. The company, the second-largest maker
      Neflf of Bear, Stearns. — AP. NYT  -  464 words
    • 170 7 LATWP [NEW YORK] Dell Computer Corp chief executive Michael Dell has confirmed plans to enter the printer and handheld computer businesses, ending months of hinting by company executives and investor speculation that the computer giant would take Hewlett-Packard Co head on in those
      LATWP  -  170 words
    • 246 7 tt cuts investment ratings for EMC, Sun; suspends price target for HP Reuters [NEW YORKJ Goldman Sachs cut its financial outlooks on four of the major US computer hardware makers, saying it was no longer realistic to hope that these companies would rebound faster than
      Reuters  -  246 words
  • Page 3 Advertisements
    • 191 3 Ema 'l rccruiisasph comsg IN THE MATTFR OF THE COMPANIES ACT (CHAPTER AND IN THE MATTER Oh J I T RESOURCES <FAR EAST) PTE LTD (IN MEMBERS' VOLUNTARY WINDING-UP) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN thai pursuant to Section V#t of the C ompanies Act Chapter V). ihe
      191 words
    • 239 3 In The Matter Of The Companies Act. Chapter 50 And Jeuelton Terminals Pte Ltd (In Members' Voluntary Minding Up) Notice Of Final Mutiny Notice is hereby given pursuant to Section TOR of ihe Companies Act. Cap V) that a Final Meeting of the Members of the abovenamed Company will be
      239 words
    • 135 3 IN THE MATTER OF THE COMPANIES ACT. CAP 50 AND MHATECHNOLOGY PTE LTD (In Voluntary Liquidation) NOTICE is hereby given pursuant to Section 308 of the Company Act Cap 50 that the final meeting of the members of the abovenamed company will be held at 150 South Bridge Road #81-11
      135 words
    • 156 3 In the Matter of The Companies Act, Cap. SO And In the Matter of EES AIRFREIGHT SERVICES PTE LTD (In Voluntary Liquidation) MEMBERS' VOLUNTARY WINDING-UP NOTICE IS HEREBY GIVEN that the creditors of the abovenamed company, which is being wound up voluntarily, ore required on or before the 21 *t
      156 words
    • 111 3 Since 1975. our worldwide over 275 multi-disciplined professionals L\ F sg, including lawyers, chartered accountants ■VI j 4 chartered secretanes and bankers have P iJ 1 provided confidential and cost effective F company formation in all the major low Incorporation Fees from USSSOO The world's -ull professional after sales service
      111 words

  • Page 4 Advertisements
    • 446 4 To advertise call toll-free 1800 289 8822 Email recraitsosph.com.st «a» ALLGREEN PROPERTIES LIMITED Incorporated m the Republic of Singapore) The Board of Directors wishes to announce the following unaudited results of the Group and the Company for the half year ended 30 June 2002: 2002 2001 2002 2001 1 UNAUDITED
      446 words
    • 492 4 NOTICE OF APPOINTMENT Of PROVISIONAL LIQUIDATOR SIMOCO SINGAPORE PTE LTD I Incorporated In The Republic Of Take note* that Lee S»h Siek of 27 Fact) Rood #02-06 Hoo Nam Building Sm^apor> *****4 hat been oppoirted provisional liquidator of the above nomed Company on 7 August 2002 pursuant to Section 291
      492 words
    • 27 4 1 Lianhe Zaobao I I Naggjng I I worries I I about the I I property I I boom in I I Guangzhou I I WJSMMX I
      27 words



  • 4434 7 Transaction date: Aug 16 for live prices, log on to wwwjasicumernarketsjcorn HP J5L UrtQi-U GrOw 01* GrtM NM MCap WU«g My Law riMjim Ut» w- fww L— »*rm Htm Cm Ml %5 Prtce ABNAmroNLG 56c 9 50 34 141 fi 8.5 c ACE pynamics20c 13.5 -0.5 10 133
    4,434 words
  • 57 7 •St- a > a .".gg"; ***** mo s Dumontfc US87S0ad *1010 (780 (7B0 SMO 3230 s ISDJUST«t> US3230cd J170 3400 SB s IS MSG Spore US57S HMO 9(70 s ISSM>500 USHOOtkd ***** (330 s SPORS US9300cd *630 0 9300 9300 I J 1805 1480 c STIET* 100 1560
    57 words
  • 1335 7 t—rr a w. ■Tu.rtl* 0 s'a-as S;ro£» fc s 3 '3 "4 8 „i ij 515 275 c AS Auto 10c 30 -1 1 90 30 30 3? H «4 y 71,0c 23 *5 <51 23 5 23 22.5 23 5 *5 23 175 151 AsumetfeSc 10 5
    1,335 words
  • 385 7 LM V«i Day LaRQoot* OOrv On GrTM MM MCan fP''l W- M» CV W »J Its n AVJeoningiA25cA 95 »1 144 96 5 93 95 96 40 14 105 5.5 20*5 Cathay Pac 20c HK720 265 2.1 7.4 6 *****2 Cheung Kong50l HK. 1780 240 6 3 6
    385 words

  • in focus
    • 798 8  -  Most SGX-listed companies appear to be waiting till requirement becomes compulsory in 2003, reports DAVID BOEY DAVID BOEY LESS than 10 per cent of the companies listed on the Singapore Exchange (SGX) have started reporting their financial results on a quarterly basis. So
      FILE PHOTO  -  798 words
    • 488 8  -  COMMENTARY david boey THE plan to move to quarterly reporting oflisted company financial results has thus far been seen mainly from the viewpoint of the companies involved. To be sure, their staff will have to work much harder once quarterly reporting goes into
      488 words
  • 5628 8 Transaction elate:Aug 16 for more, go to www.asiajonenmarketsjcom HONG KONG J«S *1- OM Alpha General 0.02 unch 2860 Ananda Wing On 004 unch ***** Anqang New Steel H 0.99 0 03 ***** Annul Conch H .2.30 0 10 1896 Anhw Expressway H 164 0 04 4346 Arcontech Corp
    5,628 words

  • what's in style motoring
    • Article, Illustration
      991 9  -  The new 163-horsepower 218 kmh Cooper S has cbristopher tan going 'yeah, baby, yeah' CHRISTOPHER TAN WOMEN generally don't mind driving a car that's cute. Most men, on the other hand, avoid round, candy-col-oured, soft-toy-shaped carriages. Especially if they come with a flower holder. The new Mini, most
      991 words
    • BRAVE NEW WHIRL
      • 84 9 HONDA's all-new Accord is expected to arrive here in the first quarter next year. Only two engine variants the 2.4 and 3.0 V6's—will be available. New features include a five-speed automatic transmission, and higher outputs of 160 and 240 horsepower, respectively.
        84 words
      • 79 9 MERCEDES-BENZ is "presenting sponsor" of the Jose Carreras Concert By The Bay. Scheduled for Dec 2 at The Esplanade, the concert showcases a world-renowned tenor who also happens to be a car fanatic. Carreras once took part in the Italian old-timer race Mille Miglia
        79 words
      • 72 9 GENERAL Motors plans to demonstrate a working prototype of its Hy-wire concept next month. The car is powered by a fuel-cell system built into the base of the vehicle. This system can last more than a decade, and the car's body atop can
        72 words
      • 161 9 FORD Motor's London design centre, opened in June to cut costs by cooperating across brands, will miss at least one member of its empire. Mazda Motor insists on keeping its vehicle styling separate, reported Bloomberg. The solo approach of Mazda, one-third-owned by Ford,
        161 words
      • 102 9  -  Compiled by Christopher Tan DAIMLER CHRYSLER will be launching a bright tangerine pearl coated, chrome-lined version of the P T Cruiser. The 2003 P T Dream Cruiser Series 2 features a body-coloured rear spoiler and 17-inch chrome wheels with tangerine-colored caps. Under
        102 words
    • 618 9  -  Seen any Yugos, Rufs or DeLoreans on Orchard Road lately? Neither have we Byi Christopher Tan SINGAPOREANS may seem like a car-cra-zy people, forking out over $4 billion a year on wheels (excluding used ones). But when it comes to choices of cars, we're a prudent, unadventurous
      FILE PHOTOS  -  618 words

  • in the money
    • 308 10  -  Analysts are divided over Sing Tel and OCBC By 1 Patrick Peck The author is a vice-president at Paris-based JCF Group A POSITIVE undertone was detected this week as upgrades overwhelmed downgrades —17 to 6 for the 23 recommendation changes we received. Some market
      308 words
    • 1514 10  -  SHOW ME THE MONEY Using the stock trades of insiders to guide your investments is not so straightforward—and may result in poor performance. teh hooi ling CAN you beat the market or make excess returns by taking the cue from corporate insiders? There are many
      Compiled by BT  -  1,514 words
    • 116 10 ESSESJT^^BiH^MZ^^BSPHI Creative Technology B H 1.00 DBS Group O H j 136 NeraTeteoom B S 1.00 OCBC OAB! HJiS I 1.66 OUE B,B H,0 I 2.00 P«rtc*«yHottngs 8 1.79 Semboorp Industries H,H O.U 1.33 SPH H U i 1.39 Singapore Telecom 0,0 S,U 2.00 SNPCkap B O 1.00 UOB
      116 words
    • 1071 11 MONEY TALK Retirement planning prepares one for the golden years given current financial state Retirement planning is perhaps one of the most important elements in the financial planning process. Achieving financial independence during the retirement years is without doubt one of the
      1,071 words
    • 354 11 A positive showing on Wail Street fitted local market sentiment as the US central bank's shift to a downward bias for interest rates fuelled hopes of future rate cuts. Blue chips were active as Investors ventured back into the market. In particular, banks and property stocks rose
      354 words
    • 323 11 STI PORTFOLIO PURCHASE CURRENT -1WK CHNGFRM NO CASH PROHT/ WEIGHT WEIGHT PRICE PRICE CHNG PURCHASE OF VALUE LOSS <%) <%) (S$) (S$) SHARES (I) Consumer 9.86 SUP TsltWing NA 1.75 0.40 0.40 1.3 -1.3 10,000 3,950 (50) Comfort NA 1.70 0.71 0.77 0.0 7.7 5,000 3,825 275
      323 words
    • 212 11 comparea win una for tnt whole <*2001, and 29.000 urito tor UI uc Managementscormoentoracroeving aoout 110,000 units to the fufl year 2002. We soqpect toe company to achieve a nstpraft of $19.8 mHon In FYO2, turning around a toes of $&8 mMon to tie previous
      212 words
  • 3672 10 UNIT TRUSTS FUNDS ABN Amro Asset Mgt (S'pore) Star Europe Eqty!* 0 644* Star Europe Bd 1 05 V Star Europe Bal 0 828/ Star Asian Tiger Eqly 0.715/ Star Asia Bond 12S2I Star Asia Balanced 0.836/ Star Global Technology Fund 1 0167/ Star Bhv Finance Japan Fundi 0 7041
    3,672 words

  • 2160 11 for week beginning Aug 12 Nat earn tfi Dat« TT IY TY IT Company mi (Sm) (Sot) (cU) (elf) BMT 15-Aug P 0.766 1.245 140 227 (H C*C 31 Jul I 1218 25.6 51 1 1090 CEI Contract 01 Aug I 2.197 2 228 0.81 0.82
    2,160 words

  • week in review
    • 925 12 For the full stories, visit http://business-times.asial.com.sg 14% growth momentum in Q2 fastest in 12 quarters Aug 13 DESPITE a mixed showing across sectors, Singapore's economic growth momentum picked up to almost 14 per cent in Q2 the fastest pace in 12 quarters. But this rapid clip
      AFP  -  925 words
    • 270 12 Editorial Aug 14 Brighter but still cloudy outlook WHILE the government has brushed aside concerns about the recovery of the US and domestic economies, private-sector economists have begun cutting their 2003 growth forecasts. If recovery momentum gathers pace, the issue of restoring the Central Provident Fund rate
      270 words
  • 2352 12 I Transaction date:Aug 16 B KUALA LUMPUR Fraser«Neave 368 unch 0 Vol PS8M 2.03 unch 1 KM W- fOOO) FWImfcatnw 0.27 001 17 Gadang 1.03 4)04 is AIM Realty .0.95 inch 10 Gamuda J6.40 010 1320 Abnc 1.51 unch 57 GanadCorp 0J2 -0.01 5 ACP Industries 3.10 unch 414
    2,352 words
  • 678 12 I i Transaction date:Aug 16 am amm m at a Mi *<20 *0540 NMSMal SOC 0.37 1510 *0020 CaptaLand IJt 140 OOC UJ 10.000 Owt SamKond 2tc 1M 2530 OUi 057 OtyDcvSOc 25» <300 *0 ISO Parimay H 2Sc 05S 0500 -OOC5 Om*MT2Sc 0JI 15 500 <0100 5GX k
    678 words
  • 601 12 BONDS WARRANTS UN MCMi Eur Mr "S2 f '1"l M« rWNWh Mm UH ASTl W*****1 205 1 16 59 22 AoniLtdVWMIIK 15 1 SO 636 457 27 Afr*e* W*****0 ms inch OS 1 13 3 155 34 Armstrong W040S20 15 1 10 130 333 21 Bar6HSA09O9Ol1Ok 10ta unch 30 8»6
    601 words

  • food
    • 1209 13  -  The annual Ritz-Carlton festival offers a unique opportunity to taste the creme de la creme of California wine and creative gourmet styles. GEOFFREY EU checks out what's in store GEOFFREY EU At an annual charity wine auction in California's Napa Valley a few years ago,
      1,209 words
  • Page 13 Advertisements
    • 734 13 wine&dine with weekendßT Ml-00/K2. Wheelock Place. Tel: 6235 3460 Gregory's Brasserie Courtyard. Weekdays at Select from an extensive a la carte buffet menu ruMx. i ei. ozjo j4ou 33 Cuppage Terrace. Tel. 6735 4955 $23+++ (adult) and $14+++ (child). Weekends at Sichuan and Cantonese dishes at Si Chuan rv*i Enjoy
      734 words
  • Page 13 Miscellaneous
    • 227 13 CRYPTIC CROSSWORD 1 Members of band covering container (6) L| mm mJ Problem afoot with defen- Hb Hi sive barrier in one comer of 16 Believe sailor's assessment 21 An unhealthy place to be 24 No special route nonethe- BLI!jBLI!JiBZZBBZZ|^BZZjBBZrjBLZIBI 25 Ribald possibilities of nup- 1 1 I I tials
      227 words

  • collections
    • 1383 14  -  Luxasia's Escentials counter at the newly-renovated Tangs cosmetic hall is the first multi-brand, store-within-a-store of its kind in the Asian beauty business, says CATONG CAT ONG UNTIL recently, beauty products in Singapore were sold in two places: on the ground floors of department stores, where prestige brands are
      CHRIS LOH  -  1,383 words
    • 751 14  -  UE Square home for top kitchen and wardrobe maker SanGiacomo By l Corinne Kerk WITH its high ceiling and generous window space, the UE Square shop unit for the now defunct Interni Studio once a retailer of branded furniture has become the perfect showroom for
      ARTHUR LEE  -  751 words
    • IN STORE
      • 95 14 Our top picks of what's on the shelves TIME to lose weight. Sisley's Autumn/Winter 2002/2003 collection for women is all about stretch materials, clingy tailoring and a sexy dark palette illuminated by flashes of cold, clear tnnes or enlivened by vibrant colours. Its men's collection is more
        95 words
      • 71 14 STILL in the same fashion season, Valentino's accessories are bringing on the shine. Together with the season's black tones, it is producing its evening bags in its classic Hoffman motifs in- laid with gold, anthracite iron bracelets studded with golden droplets, oversized steel and gold buckles
        71 words
      • 160 14  -  Compiled by' CORINNE KERK SOME women swear they produce enough oil on their faces to fry an egg. In which case, they should put SK-ll's new product to the test when it is launched next month. Its Facial Clear Solution is a moisturiser that promises "a totally
        160 words

  • what's in style people/art
    • 1000 15  -  Walter Woon's book The Advocate's Devil' shows off another facet of his distinguished career, says PARVATHINAYAR PARVATHI NAYAR THE idle chatter preceding the actual interview with the author is full of little surprises. For instance, examining the blue-grey cover of my copy of The Advocate's Devil,
      CHRIS LOH  -  1,000 words
    • 663 15  -  By Parvathi Nayar CANADIAN artist Duane Nickerson has been working with the notion of the body in his art for a while. He is currently based in Brunei, where he teaches art, continues his artistic practises and escapes the Canadian winter. Surface Channels,
      663 words
    • ART beat
      • 150 15 A weekly roundup of events THERE'S a photo of The Beatles rehearsing for that famous appearance on The Ed Sullivan Show, when America would embrace these bright, engaging youths from Liverpool. They were young lads, just before they were to taste the bitter-sweet delights and ironies of
        150 words
      • 112 15 A FASHION house collaborates with a photographer to complement its runway show with artistic prints. Woods Woods (Singapore), a participant in the Singapore Fashion Week 2002, collaborates with Ivanho Harlim in holding a photography exhibition, entitled Lending. The two parties had previously participated in Amplify, an
        112 words
      • 146 15  -  Compiled byi CHEAH UI-HOON, KANNAN CHANDRAN K-FEVER hits Singapore's art scene as well, after the exhilarating World Cup season. For a view of both North and South Korean art. catch them at two places this weekend. Galeriebelvedere is featuring works of severed Korean Merit A ward-winning artists.
        146 words
  • Article, Illustration
    1103 15 Transaction date:Aug 16 DTTERBAMK CROSS RATES C$ E«ro M>$ Hdts fcgWji Yw Ww M >« Mb Mt SStoJ Sfr WT$ Balrt Powd U$$ Austrilii 0.850 3 985 0.558 4.259 26.524 ***** 0.642 6.492 2.075 1.166 32.513 ***** 0.954 5.810 0.816 18.495 22.814 0256 0.546 U176 4.687 0.656 5.008 *****
    1,103 words