The Business Times, 29 March 2003

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Total Pages: 20
1 20 The Business Times
  • 16 1 MITA (P) 024/03/2003 85C THE BUSINESS TIMES SINGAPORE MARCH 29-30. 2003 -".tt;).. iwsiness-t.rr-es asi«-i com sg
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  • 981 1  -  The stock market may be on edge, but there will be winners and losers. The trick is to spot them, says WONG WEI KONG ANOTHE^MKE^ WONG WEI KONG THERE'S war and disease but there are still stocks out there to buy if
    Source: Reuters  -  981 words
  • 954 1  -  EXCLUSIVE By Siow Li Sen [SINGAPORE) Surprise, surprise, many small law firms are doing just fine, and a sizeable number have even expanded and added more staff lately. The expected demise of small legal firms, especially those that do mainly conveyancing
    954 words
  • 924 1 SARS OUTBREAK Economists also bracing for effect on the economy [SINGAPORE] Sars has well and truly infected corporate Singapore and with potentially severe after-effects on the economy as well. The severity of the symptoms were plain to see yesterday: Cruise line Pacific
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  • newsbreak
    • 101 1 SINGAPORE Press Holdings' net profit including exceptional items rose 67.8 per cent to $273.5 million for the half-year ended Feb 28 but the outlook for the rest of the year is uncertain. The group also declared an interim gross dividend of 20 cents a share
      101 words
    • 107 1 [WASHINGTON] US consumer spending was unchanged in February but incomes posted a solid advance, the Commerce Department said yesterday in a report that showed rising energy costs eating into purchasing power. Consumer spending was flat both last month and in January. The department also
      107 words
  • Page 1 Advertisements

  • news front
    • 577 2  -  EXCLUSIVE Foreign films may enjoy a headstart but they will have to tailor their services to local needs Ryi Genevieve Cua [SINGAPORE] The Aussies are coming and so are the Brits. Singapore's nascent financial planning industry is about to get a shot
      577 words
    • 782 2  -  Pact will integrate nations and bring peace and prosperity From< Anthony Rowley in Tokyo PRIME Minister Goh Chok Tong yesterday challenged Japan and other regional nations to work towards a "long-term vision" of cooperation by constructing a pan-Asian free trade area, building
      REUTERS  -  782 words
    • 386 2  -  Divestment of unit result of strategic review, says Sing Tel By Tang Weng Fai {SINGAPORE] Singapore Post (Sing Post), a wholly owned unit of Singapore Telecommunications Ltd, said yesterday it has received approval from the Singapore Exchange for a mainboard listing. News indicating the
      386 words
    • 870 2  -  saturdaysoapbox with pat chan I STRAP on a life vest, pull the tight helmet over my head, climb into a tiny cockpit, snap on the seatbelt, and squeeze in next to the world's best F1 powerboat racer. Guido Cappellini, seven-time world
      870 words

  • the raffles conversation
    • Article, Illustration
      2086 3  -  The Sun hasn't gone down like the critics say. On the contrary, the Silicon Valley computer systems company is set to confound those who take potshots at it feisty chief Scott McNealy tells KENNETH JAMES KENNETH JAMES In 1997 when Sun Microsystems chairman Scott McNealy visited Singapore, his
      ARTHUR LEE  -  2,086 words
    • 674 3 SCOTT McNealy knows all about pressure. He's led his company, Sun Microsystems, through periods of stunning growth and, more recently, falling demand in a major industry downturn. Clearly, he still relishes the challenge. Question is, does the pressure get stronger as he approaches the Big
      674 words
  • Page 3 Advertisements
    • 76 3 The Raffles Conversation is brought to you /"V'V through a special arrangement with Raffles I 9 /-v 1 1 I International Hotels and Resorts. The I J I I If Traveller's Palm in the Raffles International Vl* I 1 IX/Ll logo is an apt symbol. Not only has water stored
      76 words

  • WAR IN IRAQ
    • 515 4 Concerns about worldwide supplies also raised by continued loss off production from Nigeria Reuters Bloomberg [LONDON] Crude oil prices advanced further yesterday and touched the highest level since the start of the Iraq war nine days ago. The widely-traded Brent blend rose
      Reuters; Bloomberg  -  515 words
    • 539 4 Reuters AFP AP [BAGHDAD] Allied forces are bracing for a major battle this weekend against crack Iraqi troops near Kerbala, south of Baghdad. This will be the prelude to the long-awaited assault on the Iraqi capital, although the earliest that is likely
      Reuters; AFP; AP  -  539 words
    • warbrief
      • 81 4 Reuters [LONDON] War insurance premiums have more than doubled for ships calling at Iraqi ports in the last 48 hours, a leading Lloyd's syndicate said yesterday, a cost that will hit aid agencies pouring relief into Iraq. "Hull and machinery insurance has risen to 7.5-10 per
        Reuters  -  81 words
      • 78 4 NYT [NEW YORK] Hans Blix, the chief UN weapons inspector whose measured reports on Iraq's limited and grudging cooperation helped scuttle the chances of UN approval of the US-led action against Iraq, said in a television interview on Thursday that he expected to
        NYT  -  78 words
      • 74 4 AFP [LOS ANGELES] Hollywood is refusing to be drafted to help the administration of President George Bush sell its stance on the war in Iraq, the entertainment press said on Thursday. The US cinema industry's top lobbyist Jack Valenti has told Washington that Tinseltown won't
        AFP  -  74 words
      • 96 4 AFP [ON BOARD HMS CHATHAM] US-led forces have yet to get their hands on Iraqi leader Saddam Hussein but they may have hit him where it hurts sinking his luxurious yacht, a British commander said. Captain Michael Cochrane, commander of the British frigate Chatham, said that air
        AFP  -  96 words
    • 117 4 Source: BBC website, Reuters 8.30 pm, Sporo time The British supply ship, the Sir Galahad, arrives at the southern Iraqi port of Umm Qasr to deliver the first shipload of humanitarian supplies. 2.17 pm Thousands more US troops move in to join the battle for the southern
      Source: BBC website, Reuters  -  117 words
    • 197 4 AP [NEW YORK] Think Saddam Hussein's days are numbered? Care to put a little money on it? If so, tune up your Web browser to one of the many Internet gambling sites taking bets on how long Saddam Hussein will hold onto the
      AP  -  197 words
    • 468 4 The Far Eastern Economic Review asked Asian leaders. These were some of their answers: C The US was once a coun- try to be respected and adrrorea, it wouio sown mat im present administration Is content that It only be feared... The US
      468 words
    • 350 4 UN close to adopting revamped oil-for-food plan Reuters LAT-WP [NEW YORK] The Security Council was close yesterday to tapping billions of dollars in Iraqi oil revenues to purchase food and medicine to avert a humanitarian crisis in the week-old war. This will be the biggest humanitarian assistance programme in United
      Reuters; LAT-WP  -  350 words
    • 298 4 SPOILS OF WAR AFP [LONDON] Sharp differences have emerged between the United States and Britain on who should rebuild the Iraqi port of Umm Qasr after the war, with the Americans giving the nod to a US company and the British insisting on
      AFP  -  298 words
    • 296 4 AFP [WASHINGTON! A group of Republican lawmakers in the House of Representatives is set to urge Defense Secretary Donald Rumsfeld to cancel a US$BBl million contract with a France-based company to feed US Marines. "My colleagues and I abhor the idea of continuing
      AFP  -  296 words

  • news companies
    • 566 5  -  Results include exceptional gain; interim and special dividends totalling 50c a share By\ Wong Wei Kong SINGAPORE Press Holdings (SPH) said yesterday its net profit including exceptional items rose 67.8 per cent to $273.5 million for the half-year ended Feb 28 but
      566 words
    • 952 5  -  corporate analysis People's Food and United Food vie for market share and investors' attention. LOH HUI YIN sizes them up LOH HUI YIN THERE'S a mini-"porkers" war going on in Singapore between two pork product suppliers from China. They are People's Food and rival United
      952 words
    • 536 5  -  By Kalpana Rashiwala IN a market buffeted by war and disease, Singapore's major listed property groups have something to cheer about at least for now. They all posted improved bottom lines in the latest reporting season. Wing Tai Holdings, last
      536 words
    • 653 5  -  market review r sivanithy AN e-mail making the rounds goes something like this: "You know the world has gone crazy when the best rapper is white, the best golfer is black, the Swiss win the Americas Cup, the French accuse the US of arrogance
      653 words
    • 69 5 STI 1,318.43 (+4.78) ST INDEX FUIURES 1,820.00 (+6.00) SIMSCI FUTURES liLtl (+0.50) Friday Change KLSKCOMP 634.% *212 NIKKEI 225 8J28B.I6 -88-51 HANG SENCi HJMSL36 8.96 SET INDEX 389.53 +4J59 JAKARTA (X)MP-404.43 <309 MANILA COMP .1.038.23 .323 TAIPEI WPt 4.477.01 -37.23 HCW ***** +7.07 SHENZHEN B 2U0.07 -0.22 AI'ST ALLORD
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    • 72 5 FOREX RATES US* SS IS$ (S$ per I7SS) 1769 £(TSS/S$ per 1.562 1764 ETR<HTS$/S$/E) 1.070 1.893 YEN 1201 67 JO KM 3.800 1148 HKS 7.799 4.408 BAHT 4194 2417 RIP1AH 8405 5.033 RENMINBI 8199 4.691 INDIAN Rl PEE 4756 26.88 PRIME RATES SINGAPORE* 535 KI'ALA U'MPTK 6441 HONG KONG
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    • corporate roundup
      • 115 5 AFTER the heated takeover battle for NatSteel, hotel and property tycoon Ong Beng Seng seems ready to tighten his grip on his listed flagship Hotel Properties Ltd. In separate announcements yesterday, Mr Ong and his father-in-law Peter Fu said they had raised their
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      • 105 5 OSIM, the homegrown company that has made a business out of healthy living, is expanding its focus on eating right. It is eyeing a slice of the company that owns the GNC nutritional products franchise across Asia. Osim said yesterday it has entered into
        105 words
      • 109 5 EARNINGS remained flat for instant beverage maker Super Coffeemix in 2002, as higher sales of coffee products were offset by lower cereal sales. The mainboard-listed company yesterday reported a net profit of $5.35 million, unchanged from 2001. Reve- nue slipped to $116 million from
        109 words
      • 80 5 BESIDES a strong dividend payout, bonus share issues seem to be the "in" thing among listed companies. Following in the recent footsteps of Osim International, Seksun Corporation and China Aviation Oil, Singapore Reinsurance Corporation (Singße) yesterday proposed a one-for-10 bonus issue, subject to
        80 words
      • 103 5 GET another piece of the company instead of dividends. This is what Hongkong-based Surface Mount Technology is proposing to shareholders under its new scrip dividend scheme. The Singapore-listed group says the scheme, if approved, will allow shareholders to opt for new ordinary shares instead of receiving
        103 words
      • 98 5 BELGIAN telecommunications operator Belgacom and French rival Vivendi's Cegetel unit have halted merger talks, a Belgian daily said yesterday, quoting a source close to the talks. "Vivendi has other priorities. A possible merger with Belgacom is no longer part of them," the source told the financial
        98 words

  • money property
    • 1154 6  -  Is this a good time to invest in an apartment with collective sale potential? KALPANA RASHIWALA finds out KALPANA RASHIWALA YOU could call them "en bloc kings and queens" individuals who own multiple properties with collective sale potential. One property agent told BT of someone
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    • 369 6 THE windfall from an en bloc sale comes from the fact that apartments sold collectively are worth more to a developer for their land area than if the units were sold individually on the market. During the heyday of collective sales from 1994 to 1997
      369 words
  • 1493 6 District 02 NON-LANDED Infl Plaza Apt 28/02/2003 99 1507 500 332 Intl Plaza Apt 16/01/2003 99 1367 580 424 District 03 NON-LANDED AJessandrea Apt 26/02/2003 FH 1098 733 668 Alessandrea Apt 06/02/2003 FH 1098 670 610
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  • Page 6 Advertisements
    • 183 6 DTZ Debenham lie Leung is a leading global real estate services group providing a full range of services at international, regional and local levels to investors, owners and occupiers. DTZ has established a name for advising some of Southeast Asia's most significant investment deals, achieving an unrivalled track record. Since
      183 words

  • Page 7 Advertisements
    • 1851 7 EDUCATE INFORM ENTERTAIN r -—rj Z~n? r ~l7- r" mm 2M2 M hHw Auguet 31,2002 end Fbbraery 21 2003, te Company asuad *****6 ardtoary mares of SJI.OO eadi span —2mJ l 2? —2003 2002 —rtienna SSOBO STDOO —pwmMMte Sfogapom tees Heftegs 6sm» tia—m' Sham Option Sdaaaa <te 'H9O STOOO srooo
      1,851 words

  • money personal finance
    • 985 8  -  You may be surprised at how flexible some of the schemes are. STEPHANIE YAP sizes up the options available to fund a further education STEPHANIE YAP AMID the current economic gloom and uncertain job prospects for fresh graduates, most people will think twice
      FILE PHOTO  -  985 words
    • 796 8  -  By Teh Hooi Ling STOCKS which have lost the most value in percentage terms for the year to Feb 4 and March 3, 2003 are rebounding very nicely indeed. The one-year top losers portfolio is continuing its winning streak, adding another one per
      796 words
  • 1111 8 BT SHAR E INFORMATION SERVICE for week beginning Mar 24 C—p—y Hk» Hi H— Cycle A The Mandarin Court 06-May 11 15am Carriage 4th Floor. Grand Tower Meritus Mandarin S pore 333 Orchard Road Sembcorp A 29 Taniong Kling Rd 16 Apr 11 00am Marine E Spore *****4 11 15am
    1,111 words
  • Article, Illustration
    597 8 Transaction date: Mar 28 RATES M-seres Marurtw-Jf Start 1-3yiylong >3fS IHTERBAHK CUMUDfCT RATES A faint S$ kqttoit US$ Against S$ Against US$ Carratfs Mi Off* M Offtf ftngdw Bkj Offtf Bid Off* Stl'SS to 100 Sttxs to one unit of foreign rurrrnry: units of foreign Australian dollar LOW! 1.0618
    597 words
  • Page 8 Advertisements

  • money personal investment
    • 456 9 ILPs offer both protection and potential equity gains but there is also the risk of falling unit values INSURANCE-linked products (ILPs) are instruments which aim to give you both protection and the potential upside of equities. The monthly premium you pay will be used to buy
      456 words
    • 1371 9  -  show me the money The higher dividend payouts today signal that stocks are undervalued and are set for an upturn teh hooi ling LAST year, I explored ways to gauge whether the stock market was over- or undervalued by looking at the
      Compiled by BT  -  1,371 words
    • 262 9  -  By Genevieve Cua THE Monetary Authority of Singapore has revised the guidelines for property funds, allowing them to raise their gearing level. In a statement yesterday, MAS said property funds can borrow up to 35 per cent of their deposited property, compared
      262 words
  • Page 9 Advertisements

  • news at home
    • 249 10 THE number of distressed properties offered for sale rose to a record 488 in the first quarter of this year up 19 per cent from the Final three months of last year. Not everything found a buyer, and the higher volume did
      249 words
    • 493 10  -  CityDev also beats others in survey on property attributes by NUS Vince Chong PROPERTY giants City Developments Ltd, CapitaLand and Far East Organisation have emerged as the most successful brands in the residential home market in research conducted by the National University of
      493 words
    • 295 10  -  Kalpana Rashiwala ONLY 4 per cent of Singapore households buy most of their consumer packaged goods and fresh food at hypermarkets, suggesting there is considerable growth potential on this retailing format, according to a survey by AC Nielsen. The marketing informa tion company said
      295 words
    • inbrief
      • 165 10 RETAIL rents may have peaked and could dip later in the year, says Jones Lang Lasalle (JLL). It warned in a report yesterday that with retailers "likely to suffer further from rising domestic unemployment and a depressed tourist market", the limited supply of retail space
        165 words
      • 142 10 THE Economic Development Board hopes to convince more people to take fun and games seriously. How? By making them develop games as a living. EDB said yesterday it is sending six people for an 18-month attachment at Wow Entertainment, a game-development subsidiary of Sega Corp.
        142 words
    • 434 10  -  eye on the economy investment outlook By Anna Teo SINGAPORE will remain one of the world's top 10 investment havens over the next five years picking up from seventh to sixth in the rankings according to the Economist Intelligence Unit (EIU). Still, it will
      434 words
  • Page 10 Advertisements
    • 348 10 Hfl fl I PETER KNIPP WORLD COI'RMET SIMMIT sncakm •rp"' 7 a First in Poritirii Celebrate the art of exquisite dining in Pontini, where for the very first time we welcome a female Chef. Together with Pontini's flamboyant Chef Miehele Pavanello, Chef Moroni and her culinary team will be presenting
      348 words
    • 506 10 IN TVC MATTER Of THE COMPANIES ACT (CAP 50) AND M THE MATTER Of SOUO INVESTMENTS PTE LTD (In Members VWrtary Louriaton) NOTICE Of FMAL MEETING NOTICE IS HEREBY GIVEN tM pursuit 10 Sedan 308 ol tie Compares Ad. Cap 50 aFnal Meeting ol members ol the abo»enamed Company «nl
      506 words
    • 360 10 IN THK MATTKR OK THK COMPANIES ACT, CHAPTKR 50 AND IN THK MATTKR OK RKGKNT STREET BOUTIQUE PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) KINAL GKNKRAL MEETING NOTICE is hereby given pursuant lo Section 308 of the Companies Act. Cap. 50, that the KINAL GKNKRAL MEETING of the members of the
      360 words
    • 356 10 H THE MATTER Of THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF WALTONS PHARMACY PTE LTD (Incorporated in tta Republic of Singapore) (IN MEMBERS VOLUNTARY WINDING-UP) NOTICE IS HEREBY GIVEN pursuant to Section 308 ol the Companies Act. Cap 50 that the Fral Meeting ol the Members of
      356 words
    • 197 10 IN THE MATTER Of THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF MAINLAND INVESTORS (SINGAPORE) PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) NOTICE IS HEREBY GIVEN pursuant to Sector 306(1) of the Companies Act Cap. 50. that a Final General Meeting of the abovenamed Company wM be held at
      197 words

  • news executive jobs
    • 755 11  -  They're moving treasury ops here and will fill most jobs by relocating staff, reports SIOW LI SEN SIOW LI SEN THE recent headline news about several global banks making Singapore their treasury centre for Asian operations unfortunately will not translate into a hiring spree
      755 words
    • 119 11 Compiled by BT Chief Executive Officer Mount Alvernia Hospital Community Affairs Manager iyf i Levi Strauss Asia Pacific Recruit@ievi.com Sr Director, Technical Services Oracle resumeau oracte.com Group Leasing Manager Marketing Communications Manager Capita Land Commercial cdhr@caprtaland.com.sg Department Head (HR Planning) Department Head (Finance Policy) Ministry of Defence pepub@stamet.gov.sg
      Compiled by BT  -  119 words
  • Page 11 Advertisements
    • 281 11 Since 1975 Our worldwide staff of over multl-c)isc| p |mea professionals PA, "Y inducing lawyers cha'te'ed accountants k9 i chartered secretaries and banke'S have -r p'oviaed confidential and cost effective company formation in all the major low tax h areas mcluring Th© WOrld S Incorporation Fees from USSSOO i- _i
      281 words
    • 18 11 TODAY IN EDB's Asst MD Chua Taik Him's big fish -i small fisji For Subscription, call 6388 3838
      18 words

  • news region/world
    • 707 12 SARS OUTBREAK Another 58 suspected cases reported in HK yesterday, the largest single-day increase since outbreak began Reuters AFP Bloomberg Xinhua ASIA beefed up health checks on travellers yesterday in a bid to contain the highly contagious severe acute
      Reuters; AFP; Bloomberg; Xinhua  -  707 words
    • 416 12  -  Company's share price slides 15% to 39.5 sen From Eddie Toh in Kuala Lumpur LONG-SUFFERING minority shareholders of Renong Bhd headed for the exit yesterday following the government's latest attempt to purge the group of its crippling debts. Renong's share price tumbled 7 sen, or
      416 words
    • 292 12 AFP [JAKARTA] Indonesia is drafting a regulation under which people who owe more than 100 million rupiah (S$19,800) in taxes would be jailed for up to one year without trial, an official said yesterday. The authorities are also considering taxing people who keep exotic animals
      AFP  -  292 words
    • asiashorts
      • 84 12 Reuters [TAIPEI] Taiwan said it has approved a NT527.3 billion (SSI.4 billion) plan to build a biotechnology park using public and private funds, aiming to develop the island into a regional biotech research centre. The cabinet said late on Thursday that the park is
        Reuters  -  84 words
      • 60 12 AP [JAKARTA] Indonesia yesterday said it hoped to reach a compromise agreement with foreign creditors next week to restructure US$6.7 billion in debt held by the Indonesian units of Asia Pulp Paper Co. "I'm sure we can sign an agreement on Monday," said Syafruddin
        AP  -  60 words
      • 85 12 Bloomberg [MANILA] Philippine Long Distance Telephone Co may face 4.5 billion pesos (*****.5 million) in back taxes, after the Supreme Court ruled the nation's largest phone company isn't exempt from paying franchise taxes. The Supreme Court decision upholds a lower court order requiring the
        Bloomberg  -  85 words
      • 71 12 AP [KUALA LUMPUR] At least 14 leading business people unwittingly paid thousands of ringglt for fake tickets for last weekend's Malaysian Formula One Grand Prix and then were turned away, The Star reported yesterday. The business leaders paid about RM130,000 (5|60,440) for the premium seats
        AP  -  71 words
      • 71 12 AFP [JAKARTA] Indonesian auto firm Astra International yesterday said its net profit more than tripled last year to 3.64 trillion rupiah (*****.7 million), partly due to foreign exchange gains. The figure compares with a restated net profit of 844 billion rupiah for 2001. The
        AFP  -  71 words
      • 50 12 Bloomberg [NEW DELHI] Honda Motor Co aims to control one-tenth of India's car market by the end of this decade. Honda will invest more money and start selling new sedans in India, said Hajime Yamada, president and CEO of Honda Siel Cars India, the local unit.—Bloomberg
        Bloomberg  -  50 words
    • 480 12 Company says it is related to visa matters AP Bloomberg [BANGALORE] British authorities have detained the European head of an Indian software firm on a request from Dutch immigration authorities, company officials said yesterday. S Senthil Kumar, the London-based chief executive officer of I-flex
      AP; Bloomberg  -  480 words
    • 272 12 Bloomberg [HONG KONG] Hong Kong Monetary Authority chief executive Joseph Yam, one of the highest paid central bankers in the world, will take a pay cut along with other staff as part of a broader government effort to cut expenses. Mr Yam's
      Bloomberg  -  272 words
  • 2469 12 Transaction date: Mar 28 KUALA LUMPUR 4Neave fg I y o) FS8M 1.56 unch 0 DM W- {'000) w Industries 0-16 unch 0 Gadang A90 0.05 1 A&MRealty 4.70 unch 2 "J 2?? 3, S Aboc 0 73 -0 04 23 GanadCorp .0.7$ -002 8 -oo« 2 «> Advance
    2,469 words

  • news world
    • 389 13 Bookings said to be terrible' since war in Iraq started; filing could come as early as next week Reuters [CHICAGO] The war in Iraq could claim its first major US airline casualty as American Airlines was stepping up talks that could
      Reuters; REUTERS  -  389 words
    • 341 13 Reuters [SYDNEY] Australia's Qantas Airways Ltd became the latest Asian carrier to slash flights yesterday as growing fears about a deadly virus and the impact of a prolonged war in Iraq hammered airline shares around the region. Qantas, which ranks as one of
      Reuters  -  341 words
    • 141 13 Reuters [SHANGHAI] While the rest of the world is cutting back on flights due to war or fears of deadly pneumonia, a major Chinese airline said yesterday it was planning additional flights. Days after Shanghai hastily convened a news conference to deny it had
      Reuters  -  141 words
    • 242 13 19.5b euro deal will create a French retail banking giant Reuters IPARIS) Credit Agricole said its 19.5 billion euro (5536.8 billion) offer for rival Credit Lyonnais would open yesterday and run through May 6, ultimately creating a French retail banking powerhouse. According to the prospectus
      Reuters  -  242 words
    • 357 13 LATEST US INDICATORS AP Reuters Bloomberg (WASHINGTON) US consumer spending was flat in February for the second straight month as war uncertainties, job worries and higher energy prices made Americans more tightfisted. But incomes posted a solid advance, the government said yesterday in a
      AP; Reuters; Bloomberg  -  357 words
    • inbrief
      • 126 13 Bloomberg [FRANKFURT] The International Monetary Fund will investigate whether companies such as Moody's Investors Service, Standard Poor's Corp and Fitch give accurate, unbiased evaluations of credit risks, an IMF official said. "I think we have to look very carefully at the rating agencies
        Bloomberg  -  126 words
      • 87 13 AP [TANEGASHIMA. Japan] Japan's first spy satellites were blasted into orbit yesterday, causing an angry North Korea to warn the move could spark an arms race in the region. The two satellites, the first of at least four in Japan's 250 billion yen (553.7 billion) spy
        AP  -  87 words
      • 77 13 Reuters [NEW YORK] The investigation into an accounting scandal at top retailer Ahold could be widened to include major US food companies Sara Lee Corp and ConAgra Foods, The Wall Street Journal reported yesterday. Citing a person familiar with the situation, the newspaper
        Reuters  -  77 words
  • 4940 13 Transaction date: Mar 28 HONG KONG Vat HKRkltl 1.12 002 394 W9 *4- tm Hong Kong Electric J1J0 0 70 2974 Hongkong CN new AS1 unch 122 Alpha General .Oil unch 0 Hongkong Chinese Ltd 0.61 unch 122 Arvandd WmgOn .0.01 unch 0 Hopewell Holdings 6 70 0
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  • style motoring
    • Article, Illustration
      863 14  - Hot Spicy VEN SREENIVASAN, who was in Ayutthaya, Thailand to sample the new Accord, says Honda has a winning recipe VEN SREENIVASAN THERE are three certainties in life: death, taxes and the reliability of a Honda. That was, until a new Honda Accord here recently exhibited combustible properties. But the
      863 words
    • 564 14  -  By\ Samuel Ee FASHION is big business and no one knows that better than luxury carmaker Mercedes-Benz. The company with the three-pointed star is for the first time a principal sponsor at this year's Singapore Fashion Festival. Last Friday, at a venue which exudes the
      564 words
    • bravenewwhirl
      • 97 14 VOLKSWAGEN has unveiled the first Brazilian car that can run on either sugar canebased ethanol or petrol, reported Reuters. The hybrid, which took four years to develop, is initially fitted into VW's Gol Power 1.6 model. VW expects this engine to replace all others "in
        97 words
      • 123 14 THE Sars outbreak is starting to affect the motor trade. Lamborghini Singapore, which was scheduled to hold a track day for owners and prospective customers next month, has had to postpone the event. The occasion, initially planned for April 13 at the Pasir Gudang Race
        123 words
      • 87 14 GENERAL Motors, the world's largest vehicle maker, expects to sell 1.1 million sport-utility vehicles (SUV) again this year as overall US auto sales slow. Bloomberg reported. GM is not seeing any drop in interest, and says the total US market for
        87 words
      • 81 14 VOLKSWAGEN'S Phaeton luxury sedan (below) is the only car to receive the iF Gold Award 2003. Out of 1,800 products, the Phaeton was the only vehicle to feature in the reputable design forum. The German iF International Forum Design has an international jury
        81 words
      • 150 14  -  Compiled by CHRISTOPHER TAN FORD Motor has launched the Everest, a seven-seat sport-utility vehicle, at the 24th Bangkok International Motor Show. The car will be sold in more than 50 countries, although there are no immediate plans to bring it into Singapore. The
        150 words

  • style food
    • Article, Illustration
      858 15  -  Food is not the only thing on the menu as chef Keith Floyd regales CORINNE KERK with stories from his filming trips CORINNE KERK CLAD in a dark blue safari suit and sporting a red polka-dot-ted bow tie and white shoes, celebrity chef Keith Floyd looks smaller than
      858 words
    • 497 15  -  Hyi Cheah Ui-Hoon DON'T you just hate chefs who make sweeping statements such as: "If you like to eat and know what you like, you can cook!" This particular one came from the acclaimed chef Patricia Yeo, who started the AZ restaurant in New York City
      497 words
  • Page 15 Advertisements
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  • Page 15 Miscellaneous
    • 280 15 CRYPTIC CROSSWORD 1 b to-iss s BH H 9 Sup«fc3y. he's hardly a J b! a to,i to U U U U Q S3iloc (10) consumed uy a legal ngnt to 1 10 Hurried exercises in borders withdraw contact (8) PHL—fIH—JH— of Scotland (4) 5 Turns out. but always turns
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  • style sports
    • 859 16 Despite talk of how the gap is closing between her and her competitors, she remains unbeaten so far this year LAT-WP IT was a myth. Kim Clijsters, 19, was going to rise to the challenge. She was going to push Serena Williams, use her quickness,
      LAT-WP; AP  -  859 words
    • 885 16  -  frankly speaking With ageing champions and no rising stars, the future looks bleak walton morais Heavyweight boxing could not be in a sorrier state. It has a former middleweight ruling one of its three split championships; the universally acclaimed champion doesn't want to fight; and
      885 words
  • 745 16 Transaction date: Mar 28 TURNOVER COOO) VALUE (*009) Md» 5*| TWrt Mrin TeMl Multilnd 18.073 IB,073 21.337 28.337 Manufacture (7.903 13.750 81.653 70.579 3.399 73.978 Comnwra 17.870 S41 18.411 7.864 78 7.942 Tpt/5tor/Com 47,787 107 47,874 130.292 14 130.306 finence 12,136 12.136 92.103 92.103 Construction 14,310 2.119 16.429 5,749
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  • style consumer alert
    • Article, Illustration
      813 17  - Pure simple So the water we drink is not as clean as we thought But water purifying systems may offer some peace of mind, says ANGELA TAN ANGELA TAN THE truth is our water becomes contaminated by pesticides, chemicals and detritus and to "clean" it, more chemicals are added. But
      PHOTOS BY ARTHUR LEE  -  813 words
  • 5695 17 Transaction date: Mar 28 52 Wt Lk« Voi (toy Let Quote GrOtv On GrYM Net MCja M# l—r C—pm Sai« COOP) High La» *»y«r UBm Cur HI jam ABNAmroNIG S6c 9 12 14 1318 19 9 ACE Dynamcs20c 11 -1 50 11 11 11 14 5 0.7 8
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  • style shopping
    • Article, Illustration
      869 18  -  Hugo Boss' strategy of bringing together the Boss and Hugo shops into one space has paid off with higher sales. CORINNE KERK reports CORINNE KERK THIS can't be a great time to expand a store. But as far as Brian Ang, managing director of Kwang Sia is concerned,
      869 words
    • Article, Illustration
      957 18  -  Society ladies' favourite Chanel eyes the trendy young with racy designs, store makeovers By Cat Ong CHANEL is not for everyone. After all, how many people can afford the $4,000 to $5,000 average retail price of a Chanel suit? But according to Yves Blouin, the company's managing director
      957 words
    • instore
      • 101 18 Expecting some important company for tea? Then you can do with some fine porcelain table ware on the dining table. Otherwise, these exquisite pieces from the Evesham series, featuring dainty fruit plants, will look pretty in any showcase. Available in Gold or Vale (green trimmings),
        101 words
      • 91 18 If we are what we eat, then how we set the dining table equally reflects our personalities. This display can't go wrong in as far as projecting the right image: a Swirl noodle bowl with chopstick slots ($10.90), matching four-inch cup ($5.90) and spoon ($2.50);
        91 words
      • Article, Illustration
        287 18 MlllwWa Walk Dine with Celebrities (till April 16,2003): Stand a chance to dine with Channel U celebrities, Adrian Pang (right) and Michelle Chia from Channel U and win attractive dining vouchers. Just spend $50 (single or same day combined receipts) at any shop or restaurant for the lucky
        287 words
      • 54 18 The next time you have an urge to break away, step into this pair of shoes from Kroll. With its unconventional design and upbeat colours, the rubber-soled leather shoes will help chase away the blues from the current health scare. Available at $109 (usual $189) at
        54 words
      • 117 18 Here's a handphone that's likely to appeal to the techno-savvy who are also fashion conscious. The flamboyant Nokia 7250 does more than just communicate. Besides its MMS, WAP, Java and radio functionality, the tri-band phone has a radical design from its striking keypad to its vibrant
        117 words

  • style health
    • 1729 19 With close contact the only chief mode of transmission, the outbreak is unlikely to become a pandemic, says WHO THE Severe Acute Respiratory Syndrome (Sars) has been claiming more victims across the globe. Following is a summary of key issues discussed during a press briefing held
      REUTERS  -  1,729 words
    • 379 19  -  Compiled by Cheah Ui-Hoon Q: Doctors have told me I have lumpy breasts, so how can I examine my own breasts for possible growths or tell between "normal" and "abnormal" lumps? Otherwise. I'd be running to the doctor for check-ups all the time! A: The best way to know
      379 words
  • 3138 19 UNIT TRUSTS FUNDS com Global Lifestyle Index Fd 0 822/ Com Global Health Index Fd 0 783/ Com Global Telecom Index Fd 0 3V n«>/ Com Global Wfotec Index Fd!" 0-273/ Star Eurooe 1192/ Com Global Energy Index Fd 0808/ Sf ill 0 848/ <*** T '«3W» w 0 616/
    3,138 words
  • Page 19 Advertisements
    • 64 19 health talks Arfvsncos lii colorectal cancor Time: Tomorrow, Ipm 3pm (Mandarin)/2.35pm spm (English) Venue: Auditorium, HDB Convention Centre Basement 1480 Lorong 6 Toa Payoh Organiser: Singapore General Hospital Department of Colorectal Surgery Registration: Free Endometriosis Am I At Risk? Time: Today, 1.30pm 4.30pm Venue: Mount Alvernia Lecture Room. Level 1820
      64 words

  • Making Time
    • Article, Illustration
      817 20  -  Corum's owner Severin Wunderman believes in doing things by gut feel, a motto which has served the Holocaust and cancer survivor well, PARVATHINAYAR reckons PARVATHI NAYAR SEVERIN Wunderman on Wunderman: "I'm la bete noir of the Swiss watch industry, which is very square, while I do things
      ARTHUR LEE  -  817 words
    • 515 20  -  By Larry Wee THE revival of the watch industry in what was once East Germany is a story most watch-lovers are familiar with. After the Berlin Wall fell in late 1989, there was a revival of grand old names like Lange, and the spawning of
      515 words
  • Page 20 Advertisements
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