The Business Times, 22 March 2003

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Total Pages: 20
1 20 The Business Times
  • 10 1 THE BUSINESS TIMES Jprifftift/Oa/8003 BS< SINGAPORE MARCH 22 23. 2003
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  • 1022 1  -  The Republic is quickly becoming a global enterprise and innovation hub as more foreign high-tech start-ups find it attractive to set up shop here, reports CHUANG PECK MING CHUANG PECK MING SINGAPORE'S quest to become a magnet for high-tech and innovative start-ups from
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  • 378 1  -  David Conner buys 100,000 shares at $9.6675 each By Wong Wei Kong [SINGAPORE] Not bad for a day's work. A trade in OCBC Bank shares early yesterday has yielded a paper profit of over $23,000 by the end of the day for David
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  • 625 1  -  Worries about economic fundamentals return to haunt investors By Larry Wee [SINGAPORE] Action on the frontline escalated on Day 2 of Operation Iraq Freedom, but in Asian markets investors vacillated between heightened expectations of a swift US campaign and continued worries about the precarious
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  • newsbreak
    • 80 1 G1C Real Estate yesterday announced its second investment in a week. It has made a US$230 million mezzanine loan investment in Strategic Hotel Capital (SHC), a privately held US-based hotel investment company which owns about US$2.5 billion of luxury hotels and resorts, including Paris
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    • 121 1 MALAYSIAN tycoon Quek Leng Chan's Singaporelisted property arm GuocoLand (formerly First Capital Corp) turned around in the first half. It posted a« $10.7 million net profit for the six months ended December 2002 against a $183.3 million net loss in the same year-ago period.
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  • Page 1 Advertisements
    • 428 1 MOTORING* Objects of desire: Cabriolet and Lexus WIN 131 PLASMA TV AND CASHCARDS it "give me an investment that could flourish under any condition." The DBS Absolute Return Fund. Designed to perform independently of equity or bond marketkiirection. At last there* an investment that is managed to actively target absolute
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    • 11 1 BHBpßondlr Thai Tateow jsj I King villain I or scapegoat? riNKU
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    • 50 1 'CONSUMER ALERT Tie best in handheld mulwu *mvr j•- ;^«»Vi'-vi v iKs&jgra)BKJi&' T>. Rill 8"*****1 *****4 11m Dow and the war Wall Street stood up pretty well on the first day cfthe Iraq conflict But will it get coldfeet the day after? To find out, go online to: http://business-times, aslal.com.sg
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    • 5 1 jm^j fljfl CONVERSATION WHSSSept I
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  • newsfront
    • 631 2 Increased Opec supply behind 29% plunge in oil prices in a week; limited impact expected from torched Iraqi wells Reuters, Bloomberg AFP [LONDON] Despite reports that oil fires erupted in southern Iraq's major oilfield of Rumaila, crude prices fell further yesterday, adding
      Reuters,; Bloomberg; AFP; Reuters graphic  -  631 words
    • 752 2  - Economists ponder war and peace and health Cautious optimism rales in maintaining growth forecasts By Wong Wei Kong [SINGAPORE] So far, so good. With the first shots fired and relief rallies done with, economists are now hunkering down to track the progress of the war in Iraq and any implications
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    • 887 2  -  Saturday soapbox History has a telling lesson for the American leader leo han shih WILL history judge the man who dragged half the western world into a Middle East war as a latter-day Churchill or as someone who would unwittingly repeat Napoleon's fatal mistake?
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  • the raffles conversation
    • Article, Illustration
      2774 3  -  Defying the odds, Tung Lok's Andrew Tjioe opened a string of restaurants in pursuit of fine food and the grand execution of an idea One thing's for sure. Here's someone who's not afraid to take a risk. JAIME EE talks to the man who never says die JAIME
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  • Page 3 Advertisements
    • 61 3 Raffles* INTERNATIONAL Hotels Resorts The Raffles Conversation is brought to you through a special arrangement with Raffles International Hotels and Resorts. The Traveller's Palm in the Raffles International logo is an apt symbol. Not only has water stored at the base of this palm provided sustenance, the leaves rest in
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  • WAR IN IRAQ
    • 953 4 Some officers predicting swift victoiy, but Blair, Fleischer say war will not be won overnight Reuters, Bloomberg, AFP, AP [WASHINGTON] US troops have seized two key airfields in the Iraqi desert west of Baghdad in a move towards encircling the Iraqi
      Reuters,; Bloomberg,; AFP,; AP  -  953 words
    • 945 4 NYT "SHOCK and awe" should be the code name for the Pentagon's media strategy. The first fiill day of television coverage of the invasion of Iraq revealed not the fog of war, but a firestorm of amazing combat images. From Navy fighter
      NYT; PHOTOS BY REUTERS, AP  -  945 words
    • 549 4 Some ship, airline insurers charging additional premiums Bloomberg [TOKYO] Insurance rates for aircraft and ships going into the Middle East have started going up, because of the Iraq war. Nippon Yusen KK and Mitsui OSK Lines Ltd, Japan's largest shipping lines, said war
      Bloomberg  -  549 words
    • 444 4 AFP, AP [TOKYO] Chanting anti-US slogans and burning US flags, tens of thousands of protesters took to the streets of cities across Asia and the Middle East yesterday to denounce the US-led war on Iraq. In Yemen, security forces fired automatic rifles
      AFP,; AP  -  444 words
    • 183 4 AP [BEIJING] Zhang Ziyi, star of the Oscar-nominated Hero, won't be attending the Academy Awards ceremony this weekend because war in Iraq has left her in no mood to celebrate, a newspaper reported yesterday. "With war comes bloodshed and death. How can one go to
      AP  -  183 words
    • 451 5  -  But prices unlikely to rise or fall significantly, say analysts By ELgin Toh PROPERTY prices will stay flat, while transaction volume will depend on how the Iraq war unfolds, according to industry consultants and analysts. But for now, most agree that the market is depressed
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    • 544 5  -  Customers may trade positions on higher vataAHy By Siow Li Sen LOCAL banks say the war in Iraq is not expected to pose higher risks to them but could instead result in more business from customers who decide to cover their market and
      FILE PHOTO  -  544 words
    • 349 5  -  letterfrommanila by al labita THE Philippines is waging its own war on financial vultures who make a killing speculating on the impact of US strikes in Iraq on the peso, oil supply and prices of goods. Monetary authorities are poised to slap stiff
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    • 447 5  -  Promt Shoeb Kagda in Jakarta INDONESIA'S non-oil exports could be badly affected if the war in the Middle East drags on for more than three months. But if the Americans are able to secure a quick victory, the country's economy could benefit enormously.
      REUTERS FILE PHOTO  -  447 words
    • 355 5  -  External trade body deferring planned Middle East fair due to war From Diana Oan Abdullah in Kuala Lumpur MALAYSIAN companies are bracing for interruptions in the exports of their goods because of the war in Iraq. Malaysia's external trade body, Matrade, for instance, said
      355 words
    • warbrief
      • 146 5 AP [SINGAPORE] Singapore will not commit troops to the US-led war on Iraq, bat would provide humanitarian relief if it is requested. Deputy Prime Minister Tony Tan said yesterday. "Singapore is a member of the 'coalition for the immediate disarmament of Iraq', not
        AP  -  146 words
      • 136 5  -  But Shada Islam [BRUSSELS] European Union leaders yesterday struggled to reassure jittery markets that the Iraq war would not put the brakes on the bloc's much-needed economic reform efforts but remained deeply divided over the rights and wrongs of the Gulf conflict "The
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      • 92 5 Bloomberg [LONDON] UK Prime Minister Tony Blair's support for a military strike against Iraq may cost twice the £1.75 billion pounds (Ss4.B billion) the govern ment has set aside, investors and analysts said. Capital Economics Ltd managing director Roger Bootle, a forma* Treasury adviser,
        Bloomberg  -  92 words
      • 104 5 LAT—WP [WASHINGTON] US President George W Bush on Thursday ordered the Treasury Department to seize US$l.5 billion in Iraqi government money frozen in US banks since 1990. The money, plus an additional US$6OO million frozen by Great Britain and 10 other countries, will be used
        LAT—WP  -  104 words
      • 120 5 AP, AFP, Reuters [KUALA LUMPUR] Malaysia yesterday rejected Washington's demands that it expel Iraqi diplomats and freeze Iraqi bank accounts in Kuala Lumpur. France has also turned down the US request that it expel Iraqi diplomats based in Paris, a French official said. Malaysian
        AP,; AFP,; Reuters  -  120 words
      • 108 5 Bloomberg [JAKARTA] Major international schools in Jakarta remained open as the British and US embassies warned their citizens to take extra security precautions in the Indonesian capital. Indonesia, which has the world's largest Muslim population, has condemned a US-led war in Iraq. The US
        Bloomberg  -  108 words
      • 98 5 Bloomberg [WASHINGTON} A terrorist attack against the US using a freight cargo container is "likely", and the threat has increased with the start of war in Iraq, the US chief of border and port security said. Asa Hutchinson, Undersecretary for Border and Transportation Security, told
        Bloomberg  -  98 words
      • 83 5 LAT-WP [WASHINGTON] The FBI launched a manhunt on Thursday for a man believed to be an Al-Qaeda operative, amid heightened concern over a possible terrorist reprisal stemming from the war in Iraq. The bureau said it was searching for a 27-year-old Saudi, Adnan G
        LAT-WP  -  83 words


  • companies
    • corporateroundup
      • 109 6 SINGAPORE Technologies Telemedia will have to wait a while before sealing the deal to take cqptrol of I* bankrupt US telecommunications networf group Global Crossing. Global now says the US government's review of its plan to sell a majority stake to Telemedia and Li Ka-shing's
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      • 139 6 Bloomberg CAPITALAND LTD, South-east Asia's biggest developer, and American International Group Inc said (hey will buy 20 per cent more in a Hong Kong office tower for HK1463.3 million (Sslo6 million) from Lai Sun Development Co. Both companies will boost their stakes in the building being
        Bloomberg  -  139 words
      • 118 6 SINGAPORE'S second-biggest phone company, StarHub, says it turned a profit before tax and other costs last year, driven by a 39 per cent growth in mobile phone subscribers. Earnings before tax, interest, depreciation and amortisation were 961 million, the telco told investors at separate briefings yesterday
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      • 68 6 THE local construction industry continues to bleed, with Sesdaq-listed NH Ceramics announcing a net loss of $497,000 for the half-year ended December. Hiis compares with a net profit of $345,000 for the previous corresponding half. The supplier of building products blamed the bleak economic climate
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      • 114 6 THIS must be a rare highlight in any property company's results. Ho Bee Investment said yesterday Its Soon Wing Industrial Building has reverted to the Singapore Land Authority after the expiry of its 30year lease in January. The results statement fix* the year ended December
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      • 56 6 Bloomberg SHANGRI-LA Asia, the region's biggest luxury hotelier, posted a 10 per cent gain in second-half profit as room occupancy rose and interest costs fell. Net income for the six months ended Dec 31, 2002, rose to US$3l million, or 1.4 US cents a share,
        Bloomberg  -  56 words
      • 117 6 ALL is not smooth sailing for boat maker GB Holdings this year. The company issued a profit warning yesterday, saying it will not be able to meet its forecast fin- the second half of the year ending March 31. In its first-half financial report, it
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    • 56 6 RM THE FULL-YEN! WW DEC »1,2M COMPANY NET PRORT/(LOSS) CHANGE m f%) Dowchmi 4=2 -16-2 Lura Chang* 0-078 nm Auric Pacific (17.3) nm Prtw 23.0 >1.9 9—Hup Sang (4.42) nm Pahaia Tadhnotoqy 0.049 -96.7 NytactTachnology (2.04) nm HofealP—Jgn (1.68) nm 'Mflyaar nm no< rmanriflfcJ CattfMDylT Half year
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    • 981 6  -  corporate analysis What makes UOB Singapore's most profitable and best-run bank? SIOW U SEN considers tbe management styles at the three local banks SIOW LI SEN SINGAPORE'S newest bank chief David Conner has many fans already and it has nothing to do with the
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    • 450 6  -  H2 results seen getting a boost from 2 divestments announced earlier By Kalpana Rashiwala MALAYSIAN tycoon Quek Leng Chan, who successfully sold his remaining shares in Dao Heng Bank to DBS recently, now has another reason to smile. His Singa-pore-listed property arm GuocoLand
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    • 587 6  -  market review r sivanithy ACCORDING to market wisdom, the unravelling of a substantial war premium based on hopes of a quick allied victory in Iraq has been largely responsible for this week's 76-point or 6.1 per cent rise in the Straits Times Index to 1,326.15
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    • 257 6  -  Vince Chong LAW firm Rajah Tann (R&T) has come up with a transaction structure for China-incorporated firms seeking extra funds and a footing in the Singapore bourse. Under the scheme, private Chinese firms can avoid the tedious and often fruitless process of trying to
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    • 75 6 Dsn 1,326.15 (+17.96) ST INDEX FlfnißES (+18.00) mm SIMSCI FUTURES faj 164.90 (+2.40) Thursday Change KLSEOOMP 632 1*7 *14 NIKKEI 225 Owed HANG SENG 9,***** -1537 SET INDEX ***** -062 JAKARTA OOMP JMM -0 60 MANILA rOMP .1.***** -7.18 TAIPEI WP1 4Jj86J2__ 1233 SEOUL OOMT 575.77 +731 SHENZHEN B
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    • 66 6 FOREX RATES us$ s$ l!S$ (S$ per L'S$) 1.768 17&4 EJrR0(lJS$/S$/E). 1.960 1-872 YEN 120.4 6830 KM IfWO 1153 HKS 7 799 4.419 BAHT 4192 2432 WP1AH 9.000 6.099 RENMINBI 8199 4.702 INDIAN RI'PEE 4769 27.02 rHU RATES SINGAPORE* 555 KI'ALA U'MPIH HONG KONG 5.000 JAKARTA TAIPEI TOKYO >
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  • property
    • Article, Illustration
      1020 7  -  Very few homes have withstood the slide in rental rates since 1996. Three that have are St Martins Residence, Nassim Jade and Ardmore Park. VINCE CHONG finds out what makes them special VINCE CHONG FOR today's besieged residential landlords who have seen rents collapse by more than 40
      FILE PHOTOS  -  1,020 words
  • 955 7 District 03 NON-LANDED Aleesandrsa Apt 24/01/2003 FH 1001 671 670 Queens Apt 21/01/2003 99 1184 706 598 District 05 NON-LANDED Dover Parkview Apt 04/02/2003 99 1249 550 440 Faber Crest Apt 15/02/2003 99 1787 885 495
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  • money personal investment
    • 884 8  -  Investment banker believes that in 15 years' time, more money will be invested in hedge funds than in mutual funds, reports CATHERINE ONG CATHERINE ONG FORGET about principal-protected hedge funds, advised Joel Katzman, president and chief executive of JP Morgan Alternative Asset Management Inc.
      Source: Pio  -  884 words
    • 793 8  -  By Teh Hooi Ling THIS week has been a good one for stocks, with the five portfolios that we track going up by an average of 3.9 per cent. AH but one portfofios are now above their costs, even after taking into consideration transaction
      793 words
  • 969 8 for week beginning Mar 17 c—p—> Hw n— Raffles A The Ballroom Level 3 It-Apr 10 joaci Htdgi E Raffles Hotel 11.00*™ 1 leach Road CB A Raffles City 08-Apr 10.30arr Contract Convention Centre Moor 8 Morrison Room Level 4 2 Stamford Road S'pore Food A
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  • Page 8 Advertisements
    • 19 8 To advertise your Al I f Call toll-free 1800 289 8822 IH 11 \i Vri 9 or email recruit@sph.com.sg
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    • 1034 8 1 IN THE MATTER OF THE OMMM ACT, CAP. S» AW IN THE MATTER OF wr BUILOU PTE LTD <l> Vu l—tan litriMoa) NOTICE IS HHRhBY GIVEN thai the Creditors of the ahovenamed Company, which is being wound up voluntarily, are required on or before 22 April 2003 tend in
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    • 212 8 NTHE MATTER OF THE COMPANIES ACT. CHAPTER 50 AND M THE MATTER OF ST PAUL RE (In MwatenVblumvy Uquldatfon) NOTICE OF THE FINAL MEETING NOTICE 6 HEREBY GIVEN pursuant to Section 306 (1) of tie Ohm Act. Cap. SO M tie Final Mealing ol to member of the abovenamed Company
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  • personal investment
    • 519 9 Once you know where your money is going, learn to rein in your spending so you can save more for your goals SO dow you know where your family stands financially today, having completed the balance sheet last week. But do you know
      519 words
    • 995 9  -  show me the money Companies making essential products and catering to markets with strong local demand may be good picks teh hooi ling SO the Iraq war has started finally. As of yesterday morning, the US and its allies have launched a second wave
      FILE PHOTOS  -  995 words
    • 297 9 INVESTORS who applied for the share offering of specialty apparel manufacturer Ocean Sky International would be happy to find out that the public tranche of the initial public offer was subscribed 11.6 times. This is based on the 9.2 million shares available
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  • Page 9 Advertisements

  • at home
    • 349 10  -  Loan secured by equity interests in a 15-hotel portfolio owned by SHC By] Kalpana Rashiwala ANNOUNCING its second investment this week, GIC Real Estate said yesterday it has made a US$23O million mezzanine loan investment in US-based Strategic Hotel Capital (SHC), which owns
      349 words
    • 311 10  -  Second time management council suing over alleged defects Byi Andrea Tan SOME 400 residents are taking Ritz Mansions' developer City Developments to court over alleged building defects. "There's one whole long list of defects, 65 actually," alleged Dr Jack Hsu, a resident, adding that they
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    • 192 10 TAKE home a piece of Singapore when some 3,400 of the island's 20-year-old black-and-white street signs are put up for the Streets of Singapore charity auction on the Internet next week. Organised by the Community Chest and the Land Transport Authority,
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    • 367 10  -  By Serena Ng AGENIX Ltd, an Australiabased biomedical and life sciences company in which Singapore investors have a stake, is in talks with the Economic Development Board (EDB) to set up a research facility here. If these discussions bear fruit, BT understands
      BT FILE PHOTO  -  367 words
    • 270 10 on the economy inflation Reuters SINGAPORE'S consumer prices are set to rise for a fourth straight month in February, fuelled by higher oil prices and a hike in consumption tax, according to a survey by Reuters yesterday. A Reuters survey of eight financial
      Reuters  -  270 words
    • 256 10 FOOD and beverage has never been an easy business, but it got a lot harder in 2001 as competition grew and revenues fell. Latest available figures from the Department of Statistics (DOS) show that there was a 17 per cent jump in the
      256 words
  • Article, Illustration
    609 10 Transaction date: Mar 21 DfTBRBAMKCOmafCT BATES Afaknt S$ AfMrt USS Afalnst St «hM US$ Cm—dw IX OfHr ifa Off* Cwwdw 1M OWtr Off* 8$189 to 190 SfllSS to one unit of foreign currency: units of foreign AmtrakM M* ***** 1-MM 0.5921 0.5*33 Hwgluwiiee 714* 12.(214 12.1226 cinmMr iim tan
    609 words
  • Page 10 Advertisements
    • 16 10 Lianhe Zaobao I SB" I I grow in I I number I Iby the day I
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    • 93 10 """WHjSirce 19"5. OJ' sta't of ove' company 'omation «n a I the major ...v. 'a* t areas messing Th© WOrld S Incorporation Fees from USSSOO leading V- r. Offshore Ms Florence Nathan Geneva' '.'a'"a ;eOCR A s ngap -p Pv- Lt:: Company Pare r2e-cu Smaacr 'e ***** 1 Emai s.n.-jap-re
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  • news executive jobs
    • Article, Illustration
      88 11 Managers/Section HmkSi (SMTlJHfitiP^v (R&D/ProjeS P Bpr Data Electronics Fax:6744-9228 Senior Accountant Metoan Group Fax: 6846-6111 Rotating Equipment Enginaar Piping Enginaar Instrumentation Enginaar Chtyoda Singapore m 6660-1274 Software Architect Applications Support Analyst rrojoct Mwimtf Systems Analyst Accountant DHL emal: jobs@apis.dhl.oom Program Managar Materials Planning Managar Process Engineering Manager Customer
      88 words
    • 252 11  -  Inspirational Stories to focus on finding work through re-skilling By Elgin Toh THE Jobs Task Force (JTF) yesterday announced the results of its Working Heroes competition and the commissioning of its new television programme Inspirational Stories, both of which are part of its push
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    • 927 11  -  Headhunter Luis Conde talks to ELGIN TOH about the employee qualities that are in demand nowadays and some current trends in executive hiring ELGIN TOH PREVIOUSLY, if you stood out on Ave key qualities mostly academic you probably had more than a foot in the door in
      FILE PHOTO  -  927 words
  • Page 11 Advertisements
    • 182 11 jSmtfr 1 1J —£^ZZ—r^^Jjj^B Majalall Shtgapura IvV P1 wßm. r^ T *!r~ life Proof that age doesn't hinder the ability to acquire new skills. .fui ij uf*iv im That's why you should consider hiring mature workers. Their capacity for lifelong learning through retraining makes them highly adaptable to the changing
      182 words

  • news region/world
    • 496 12 If s the only foreign consortium off three shortlisted bidders, says Ibra Reuters [JAKARTA] Singapore's Temasek Holdings and Germany's Deutsche Bank, which are partners in the Asia Financial Indonesia consortium, have been shortlisted for a majority stake in Indonesia's fifth-largest bank, Bank
      Reuters  -  496 words
    • 308 12 Bloomberg [NEW DELHI] Sun Microsystems Inc, accused in a lawsuit of firing US employees in favour of cheaper workers from India, does not discriminate and followed the law, chief executive officer Scott McNealy said. Walter Kruz, a former manager at Sun, said he was
      Bloomberg; AFP  -  308 words
    • 208 12 Bernama [PUTRAJAYA] IBM has picked Malaysia over contenders like India, the Philippines and Singapore for its latest regional contact centre investment. The IBM Asean Regional Contact Centre (RCC), employing some 60 staff, is due to start operations in Cyberjaya in
      Bernama  -  208 words
    • 618 12 He says he's ffaH guy for crony capitalism problems Reuters [LONDON] He's a fugitive from the law, has lost a US$5.5 billion business empire and is widely seen as the man who triggered Asia's financial meltdown in 1997-96. Pin Chakkaphak has a lot to
      Reuters; REUTERS  -  618 words
    • 308 12 Bloomberg [HONG KONG] Shares of Richard Li's PCCW Ltd, Hong Kong's biggest phone company, slumped 5 per cent after the company backed away from a goal of paying its first dividend in 2004. The prospect of a dividend had been crucial
      Bloomberg  -  308 words
    • asiashorts
      • 84 12 Bloomberg [JAKARTA] The Indonesian regulator's disciplinary action against directors of PT Lippo Bank for publishing two different versions of earnings statements a month apart is "encouraging", Standard Poor's said in a statement. "While an investigation into irregularities in the trading of shares in the
        Bloomberg  -  84 words
      • 36 12 Bloomberg [HONG KONG] Shangri-La Asia Ltd, the region's biggest luxury hotelier, said it plans to build a 300-metre-high hotel-office tower in Beijing, scheduled for completion by the 2006 Summer Olympics. Bloomberg
        Bloomberg  -  36 words
      • 94 12 AFP [HONG KONG] Hong Kong's financial chief Antony Leung was yesterday reportedly being questioned by anti-graft investigators over allegations he abused his power by buying a new car before introducing vehicle registration tax hikes. Mr Leung's purchase, u/hirh rt-rkorf. edly saved him some
        AFP  -  94 words
      • 74 12 Reuters [HONG KONG] The Hong Kong Trade Development Council has slightly lowered its growth forecast for exports this year because of potential disruptions during the war in Iraq. But it added the con- flict would have a limited impact on trade if it was short "For
        Reuters  -  74 words
      • 36 12 Bloomberg [HONG KONG] A new respiratory disease that may cause pneumonia has infected at toast 906 people worldwide, mainly in Asia, the World Health Organisation said. There have been 10 deaths globally. —Bloomberg
        Bloomberg  -  36 words
  • 2082 12 Transaction date: Mar 21 KUALA LUMPUR -J* Vo j FS8M 158 0.08 2 M W- raaoi FWIndustnes 016 und) 0 Gadana 4.85 inti 2 A A M Realty 0.71 i**h 2 J 31 -J-® "J W 141 Abric —040 0.03 106 GanadCorp .0.79 0.06 2 ACP Industries 746 -0.04
    2,082 words

  • news world
    • 552 13 FAS 87 enabled Verizon, IBM and 7 others to legally transform USs3o.6b of losses into earnings Bloomberg [NEW YORK] Nine of the largest US companies obscured U5530.61 billion in pension-fund losses in 2002 because of an accounting rule, boosting corporate earnings and
      Bloomberg  -  552 words
    • 334 13 AP [WASHINGTON] The US House of Representatives yesterday approved a US$2.2 trillion Budget for next year, embracing President George Bush's tax-cut-ting plan for bolstering the economy after top Republicans appealed for wartime unity. The bill, passed by 215 votes to 212,
      AP  -  334 words
    • 273 13 LAT-WP [LOS ANGELES] Solectron Corp, the Silicon Valleybased manufacturer of electronics equipment, said on Thursday that it will fire 12,000 employees, about 16 per cent of its workforce. "We're not sure if we've determined where" the layoffs will take place, spokeswoman Birgit Johnston said. Solectron
      LAT-WP  -  273 words
    • 454 13 LATEST US INDICATORS CPI rose faster than expected 0.6% while core rate rose 0.1% Bloomberg [WASHINGTON] US consumer prices rose in February at the fastest pace in two years as the threat of war and supply disruptions fuelled a surge in
      Bloomberg  -  454 words
    • inbrief
      • 79 13 Reuters [SYDNEY] Richard Branson's Australian airline Virgin Blue, originally tipped to go public by June, is likely to put its float on ice until prospects pick up for the aviation sector. Sources close to the deal say it could total around Assoo million (*****
        Reuters  -  79 words
      • 73 13 AP [SEATTLE] Boeing Co has issued layoff notices to 960 employees, the company announced yesterday. Most of the layoffs affect Boeing Commercial Airplanes workers, a spokesman said. Others are in Boeing's shared services division and other units, he said. The effective layoff date for those
        AP  -  73 words
      • 72 13 Bloomberg [BOISE, Idaho] Micron Technology, the world's second biggest maker of computer memory chips, said its second quarter net loss widened because of costs for cutting jobs and writing down inventory. The loss increased to U*****.2 million, or US$l.O2 a share, in the quarter ended Feb
        Bloomberg  -  72 words
      • 67 13 Bloomberg [SEOUL] SK Global Co's foreign creditors have shifted some of their claims on the company to foreign branches, lead creditor Hana Bank said, threatening an accord that gave SK Global more time to pay US$5.3 billion of debt. The moves were earlier reported by the
        Bloomberg  -  67 words
  • 4373 13 i Transaction date: Mar 21 for more, go to umm)Xisiaonenmarkets/xrm HONG KONG Vol HKRM1 1.12 unch 463 MKS W- 000 Hong Kong Electric 30 80 unch 1912 Hongkong Chinese .0.61 unch 448 Alpha General 0-21 unch 3 Hongkong Oanese Ltd .0.61 unch 448 AnandaWingOn 0.01 unch 0 Hopevwl
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  • style motoring
    • 877 14  -  They're totally different cars but equally desirable and they'll be arriving in Singapore soon SAMUEL EE looks at the soon-to-be-unveiled Mercedes-Benz CLK Cabriolet and the Lexus KX3OO SAMUEL EE YOU can call it the original crossover SUV, or the first luxury sport-utility vehicle. Either way, when the
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    • 72 14 We're giving away 100 pairs of cashcards produced by DaimlerChrysler to commemorate Mercedes-Benz's sponsorship of the Singapore Fashion Festival. Ail you have to do is to bring this copy of The Business Times to the information counter at Plaza Singapura at 68, Orchard Road. The first 100 readers
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    • 487 14  -  By Samuel Ee FORMULA One drivers will not be the only ones whizzing around the spectacular Sepang track in Malaysia this weekend. Another race will be run, too. Only this one is called the Formula BMW Adac Championship. The Munich carmaker, who
      487 words
    • 492 14  -  By Christopher Tan BETTER incentives are on the way for environmentally friendlier vehicles, and they are expected to be announced later this year. Yesterday, Minister of State for Health and the Environment Balaji Sadasivan said the current tax rebates introduced two years ago are
      492 words

  • food
    • Article, Illustration
      1141 15  -  STEPHANIE YAP previews the spread of events waiting for hungry participants at the Food Festival STEPHANIE YAP THERE'S going to be a lot of food going around as the Singapore Food Festival 2003 kicks off towards the end of the month. From March 28 to April 3, you'll
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  • Page 15 Advertisements
    • 686 15 Marmalade At Home Last week's home-catering story featured a misprint in Marmalade's hotline number. The number to call is 9451-9414 wine&dine with wwtaidßT |■i i WljllwUri and more. Weekdays: $16.90++ (adult), $15.90++ Murtariw tlngnnn 1 dishes and the iaqpst selection ofgrappa and wine. Holland Village. Tel: *****920 (students). Weekends: $18.90++
      686 words
  • Page 15 Miscellaneous
    • 299 15 CRYPTIC CROSSWORD 4 Some author noted for his ACROSS musical instrument? (4) 7 Listen to the First Ladys fail sBe stow to get changed for listen (9) these joints (6) 8 First business loan for com- 5 Romantically involved? btoe (5) Not Tom in subsidiary! (9) 10 Noises of Arab
      299 words

  • sports
    • 738 16  -  frankly speaking elgia toh THE vision for Singapore's SLeague so far can be summarised in two words: all talk. Indeed, since its inception in 1996, the S-league has failed to deliver on virtually every front. From entertaining supporters to staying honest, the mission of our
      738 words
    • 945 16  -  AMIT ROY CHOUDHURY Tomorrow's cricket World Cup final promises to be a thriller, says AMIT ROY CHOUDHURY TOMORROW'S World Cup cricket final brings a dramatic conclusion to the most troubled and unpredictable tournament the game has ever seen. And what a final it
      AFP  -  945 words
  • 697 16 Transaction date: Mar 21 TURNOVER fNO VALUE fOOO) m*» T—d **t HI MuMInd 23.(13 23.613 4M57 4M57 Manufacture 102.922 13,1*2 114.104 ***** 2.422 101J91 Zuummrn 1*410 404 19.090 ***** 93 12.9(32 TpMtoriCom 35.512 4 35.516 52.747 1 52.747 flnra 25,771 25.779 1*157 144.157 Conwuctwo 22.969 1.994 ***** i960 104
    697 words
  • 465 16 BONDS WARRANTS UM Vtf CM Emt c£T CMT-'SSS cw Mi r—> m* m» x mi AST1VMM0621 173 1 K HI IK IS AonaLKJWWim 45 1 SO 491 1-22 20 Aintakwasoeio v i i 33 3 is« 27 Armstrong W*****0 U 1 10 75 12.00 14 ■oxtMd WKM0402 12 1 25
    465 words
  • 1301 16 SM Laal «M Day lartQeete firfJto Oto CrtM MM MCae H« la* J* "J *3 ite tew Ciiwi W- rw **> t— —y» K*» CV Wt $3 ■»>» Clllim w- r— M* o» W 22 73 ABR HldgsSc 9-S 9 10 113 22 4 Mtfyg 6 3 J
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  • 149 16 n* M Ml Day lion M* Db CrfW M HCa T» C M. W- rw> WgT U» S«fcr Cw t W ti IIS «1 AVJamraABc AM H ««S«i CMhaytacXc HK72C 265 2.1 74 *****J OwtftgKongSOc HK17K MO U 17 IMS 45 Qtyt -SoMnrall MMScd Mi W 11U 0*%*i2000
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  • 144 16 s* IM v* Om, imornm «tt> Mr CrtW M MU» rn+im. cmmrn, M. w- fWW Vm »mm i+m Cm W U 10M0 W MwnA 05»7»«J 4)00 2WO 5 DJ US Tech USJ740 5SS SB SMSaSporc UB 1MB00 RSAP500 IMZ70 tlW S2» SPO« 0SB2MWJ IMS 1230 ST1ETT100 MM I
    144 words

  • consumer alert
    • Article, Illustration
      861 17  -  You've got the whole world almost in your hand with today's PDA, in a pocket-sized gizmo that allows you to email, transfer files, store spreadsheets, and read magazines. And that's just for starters. KENNETH JAMES reviews the best in handheld wonders KENNETH JAMES YOU know a device has
      PHOTOS BY ARTHUR LEE EXCEPT TOSHIBA PDA  -  861 words
  • 5126 17 Transaction date: Mar 21 for live prices, log on to wrvwxisicumemarketsjcom tt-Wk Lai M Day last Quote GrtM» M* Grtld MM MOm imm Citit Ml W- fli> t—> —wr M* CV W lai ABNAmroNLG 56c 9 -12 1318 205 9 ACE Dynatmcs20c 12 +05 10 12 12 11.5
    5,126 words

  • style shopping
    • 598 18  -  is hard work for Ma Ka Kui and his wife who started their jewellery business during the Asian economic crisis. CHEAH UI-HOON reports CHEAH UI-HOON THERE are business opportunities at every twist and turn of the economy, whether it's going up or down. That's what Ma Ka
      CHRIS LOH  -  598 words
    • instore
      • Article, Illustration
        288 18 FANS of Estee Lauder's Day Wear Protective Anti-Oxldant Complex launched in 1995 swear by its fresh cucumber-y smell, smooth feel—and all the relevant literature on its scientifically proven benefits, which claim to prevent signs of ageing caused by environmental factors. But that was then. In the "looking for
        288 words
      • Article, Illustration
        44 18 Break out, go wacky. Let loose some ducks or bamboo ducks around the house and wow your guests. The realistic accessories include eggs and straw. Available at Picket Rail, including Scotts: 30cm tall ducks ($9.95); quail eggs ($0.75); and chicken eggs ($1.95).
        44 words
      • 76 18 A novel variation of your regular flower vase, this chunk of artificial wheat grass gives any table a quick, "earthy" look. It looks and even feels like grass. The synthetic blades are nicely tucked into an "earth" base and each set is sold as a
        76 words
      • 66 18 You're looking at the top gun of shavers: National ES 8060. with triple blades driven by linear motor at 13.000 rpm probably the fastest shaver around. Other features include a 3-D FLoating blades system that follows the contour of your face and a twin gate slit blade to
        66 words
      • 67 18 Feeling a bit drab at the office? Need a little dash of colour to SDice ud the mood? You'll be surprised how little it takes to perk things up. Take this poinsettia wine glass hand-decorated with coloured glass and little beads, it makes a nice conversation
        67 words
      • 424 18 TV actress Huang Blren will be telling fairy tales on tomorrow at 5pm. Kids stand to win prizes during Q&A session. An for Charity: Do not miss the last chance to grab paintings for good cause. Proceeds will go to the Association for Persons with Special Needs and
        424 words
    • 282 18  -  By Cheah Ui-Hoon SINCE last year, trunkfuls of British designer wear have quietly made their way into Singapore's fashion scene, known only to a select, if small, group of buyers. The results must have been encouraging, as the Best of British trunk show organised by Nin A
      282 words

  • style health
    • 891 19  -  What are clinical trials, how are they conducted, and how can they benefit the patient? CHEAH UI-HOON finds out CHEAH UI-HOON ANYONE who's read a Robin Cook novel might be a little apprehensive at the term "clinical trial" and drug research since his novels paint
      FILE PHOTO  -  891 words
    • 322 19  -  By Seamus Phan MOST people associate aerobic activity as real exercise, ana relegate resistance training (weight training) as auxiliary or even frivolous. Old school thinking dictates that aerobic activity such as jogging and swimming burn unwanted fat and calories from the body, while resistance training is
      322 words
    • 616 19  -  Compiled by Cheah Ui-Hoon it I have been taking vitamin supplements for many years. But some of my friends say this is a total waste of money. Is it advisable for a healthy person to take such supplements? If so. is one multivitamin tablet enough, or should one take
      616 words
    • 122 19 Time: Today, 2pm to spm Venue: Phoenix Hotel Speakers: Naturopath Dr Irfan Qureshi, physiotherapist Cheryl Chia and training consultant Sandy Tay. Organised by Bio-Life. Fees: $18 (non-members), $12 (members) Time: Today, 2.30pm to 3.30pm Speaker: Dr Philip Yap, Registrar, Alexandra Hospital Venue: Kolam Ayer CC. Call 6293 8594
      122 words
  • 2748 19 UNIT TRUSTS FUNDS Com Global Finance Index Fd 0.70V Com Global lifestyle Index Fd 081V Com Global Health Index Fd 0.773/ MUMnMHflirfml Com Global Telecom Index Fd OJV Star Europe Eaty!** 0.S57/ Com Global Intotec Index Fd!** ***** Star Europe Bo 1.17V com Global Enem Index Fd 0*02/ Star Europe
    2,748 words

  • pursuits
    • Article, Illustration
      775 20  -  Marmalade co-owner Shareen Khattar braved wild cats and angry hippos on her honeymoon in Africa, and lived to tell the tale to ELGIN TOH ELGIN TOH SHAREEN Khattar would make a great travel agent. After hearing the charming co-owner of Marmalade Restaurant Bar describe her African adventures
      775 words
    • 1227 20  -  PARVATHI NAYAR Going out or staying in this weekend? parvathi nayar rounds up our reviewers' recommendations movies Round and round we go Can writer's block become the pivot of a screenplay? In Adaptation, screenwriter Charlie Kaufman (of Being John Malkovich fame) shows it can. He creates celluloid screenwriter Charlie
      1,227 words
    • 726 20  -  VINCE CHONG enjoys the sun and sea in the Maldives VINCE CHONG PARADISE has a lousy airport. But who needs one when the Indian Ocean never looked better? That, in a nutshell, is the Maldives, a water-state comprising 1,190 coral islands which form
      726 words