The Business Times, 16 October 2004

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Total Pages: 20
1 20 The Business Times
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  • Title Section
    Lock icon Masthead
    16 1 THE BUSINESS TIMES weekend SINGAPORE 85 cents MITA (P) 023/03/2004 October 16-17 2004 online at http://business-times.asial.com.sg
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  • Article
    Lock icon Locking in oil and gas for security
    659 1  -  NEWS ANALYSIS Recent energy forays by S'pore firms go beyond commercial considerations, reports RONNIE LIM RONNIE LIM AS oil pushes US$55, recent energy forays by Singapore investment companies, including Temasek Holdings' bid to buy into Indonesia's largest listed oil and gas company, are
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  • Article, Illustration
    Lock icon Watch your waist or meet your fate, CEOs told
    390 1  -  By CHEN HUIFEN [SINGAPORE] CEOs and senior executives in Singapore are sitting on a ticking time-bomb, unwitting victims of the heavy wine-and-dine lifestyles that they maintain out of necessity or choice. A health check of some 1,500 CEOs and senior executives
    ADAM LEE/ST  -  390 words
  • Article
    Lock icon Metal prices recover from week's violent plunges
    486 1  -  Over-speculation by funds to blame, say analysts By NEIL BEHRMANN in London AFTER a week of wild speculation and violent gyrations, global metal prices have tentatively recovered from the worst plunges in several years. Dealers and analysts overwhelmingly pointed to excessive speculation by
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  • Article
    Lock icon MARKETS DIGEST
    138 1 sn 1,***** (+11.07) ST INDEX FUTURES 1,955.00 (+3.00) simso ***** (+1.44) SIMSCI FUTURES 235.80 (+1.50) MARKETS Friday Chang* KLSECOMP 851.29 -017 NIKKEI 225 10,982.95 ;5134 HANG SENG 13,059.43 +24.05 SET INDEX 648.48 +7.18 JAKARTA COMP 857.59 -2.07 MANILA COMP 1,781.41 -15.89 SEOUL COMP 841.94 -4.69 SHENZHEN 8 228.89
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  • Article
    Lock icon CONTENTS
    48 1 TOP STORIES PG 2 COMPANIES... PG 4-5 UNIT TRUSTS PG 5 INVESTMENT PG6 SINGAPORE PG 8 ECONOMY PG 9 NETWORK PG 10 FOREIGN PG 11-13 MOTORING PG 14 WELLNESS PG 15 HEALTH PG 16*17 SHOPPING PG 18 PURSUITS PG 19 WINE DINE ....PG 19 FOOD PG 20
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  • Page 1 Advertisements
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  • TOP STORIES
    • Article, Illustration
      Lock icon They came, they networked, and they did $500m of deals
      575 2  -  GLOBAL ENTREPOLIS SINGAPORE 12,000 participants from over 40 countries; more than 160 exhibitors By CHEN HUIFEN [SINGAPORE] Global Entrepolis Singapore 2004 ended yesterday with more than $500 million of funds, investments and deals sealed, according to the organisers. With a
      JOYCE FANG/ST  -  575 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      796 2 Deutsche Bank: your one-stop warrants mart UNTIL recently, it was assumed that Hong Kong held an insurmountable edge over Singapore in the market for listed covered or structured warrants. All that has changed. Deutsche Bank alone has listed 44 covered warrants with many more to come. And turnover
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    • Article
      Lock icon Clarifications
      120 2 In yesterday's report, "AReit to launch $110 m in new units", Tan Ser Ping, CEO of A-Reit's manager Ascendas-MGM Funds Management, was quoted as saying that of the some 26.4 million sq m of business space in Singapore, the investible universe for A-Reit is about 20 to 25 million
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    • Article, Illustration
      Lock icon Time to turn on a new generation to Chinese
      708 2  -  SATURDAY SOAPBOX Fight aversion by convincing them of the language's cultural and social value, besides its economic benefit DANIEL BUENAS Reporter RECENT changes in the way the Chinese language will be taught in schools here prompted me to think about my
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  • Page 2 Advertisements
    • Advertisement
      Lock icon Page 2 Advertisements Column 1
      59 2 Incorporation services in all msyor jurisdictions Global network of offices Ready-made companies available Management and administration services China business registration Accounting and trade support services Virtual office solutions Personal and corporate bank introductions TO ARRANGE A FREE CONSULTATION CONTACT: Simonne Toh T: +65 6535 3382 F: +65 6535 3991 E:
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  • RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Productive results
      1867 3  -  While the government will not get in the market's way, there are times when it has to lend a helping hand, especially to local businesses. Spring Singapore chairman shares his thoughts with CHUANG PECK MING CHUANG PECK MING IT is not simply a change in name. Like in
      ARTHUR LEE  -  1,867 words
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    • Advertisement
      Lock icon Page 3 Advertisements Column 1
      102 3 "When in Singapore, feed at Raffles" has been compelling advice since Rudyard Kipling first coined the phrase in "From Sea to Sea and other Sketches" More than a century on, Feed at a^es ls t^ie name of an elite dining club in Singapore. y* Enjoy AWorld Gustatory indulgences await members
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    • Advertisement
      Lock icon Page 3 Advertisements Column 2
      66 3 Raffles INTERNATIONAL Hotels Resorts A Member of Capita Land 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
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Deutsche Bank: your one-stop warrants mart
      808 4  -  CORPORATE ANALYSIS They aim to have at least 75 warrants listed by year-end, reports R SIVANITHY R SIVANITHY 1m EN months ago, the possibility of the local stock market having at least 75 listed cov- ered or structured warrants issued by one bank would
      PHOTOS BY ARTHUR LEE  -  808 words
    • COMPANY BRIEFS
      • Article
        Lock icon Suntec still keen to launch Reit: report
        107 4 SUNTEC City Development Pte Ltd plans to press ahead with its plans to launch a real estate investment trust (Reit) later this year, Dow Jones Newswires reported yesterday, quoting an industry source. BT had reported earlier that the company, owned by a group
        107 words
      • Article
        Lock icon CSFB buys 3.74 m more Starhub shares
        50 4 CREDIT Suisse First Boston (Singapore) said it bought 3.74 million more shares of Starhub at a price range of 91 to 91.5 cents per share yesterday. CSFB is the stabilising manager for the initial public offering which was issued at 95 cents apiece.
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      • Article
        Lock icon Sing Power selling dollar bond soon?
        79 4 SINGAPORE Power (Sing Power), the government-owned utility, has mandated Citigroup, Deutsche Bank and Morgan Stanley to manage the sale of a US dollar-denominated bond, a market source said yesterday. The deal is expected to be launched at the end of the month, the source
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      • Article
        Lock icon Midas'loo million shares snapped up
        100 4 MIDAS Holdings says its placement of 100 million shares at 35.5 cents apiece has been fully subscribed in just a couple of days. The China-based aluminium and plastic pipe extruder said it experienced keen interest from both retail and institutional investors in Singapore, Hong Kong
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      • Article
        Lock icon Global Active forms Shanghai unit
        54 4 GLOBAL Active Ltd said it incorporated a wholly-owned subsidiary in Shanghai known as VHE Shanghai Ltd with a paid-up share capital of US$2OO,OOO. VHE has been established as a wholly foreign-owned enterprise in Shanghai's Waigaoqiao free trade zone with plans to Jrade in nutraceutical and
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    • Article
      Lock icon SIA Sept load factor up from Aug
      244 4  -  Reports by VEN SREENIVASAN SINGXPORE Airlines (SIA) flew more passengers and cargo last month as its traffic volumes continued to head upwards despite stiff competition within the industry. The airline carried 1.29 million passengers last month, up 5.4 per cent from 1.22 million
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    • Article
      Lock icon Upbeat Asiatravel.com sees FY2004 earnings doubling
      396 4 ASIATRAVEL.COM Holdings expects earnings to double for its financial year ended Sept 30. Boh Tuang Poh, the company's executive chairman, said this in a profit guidance yesterday —just a day after it announced plans to issue up to 48.27 million bonus warrants to reward
      396 words
    • Article, Illustration
      Lock icon Is it really oil, or maybe something else?
      537 4  -  STOCKS R SIVANITHY Senior Correspondent AT what level does oil become a real threat to stock markets? US$6O? Or US$BO? What if oil goes to US$100? It appears as if traders haven't quite come to grips with the answer to these questions,
      537 words
    • Article
      Lock icon MFS Technology in strategic tie-up with Japan's SIIX Corp
      348 4  -  By KENNETH LIM A WHOLLY-owned unit of MFS Technology has inked a memorandum of understanding (MOU) with Ja-pan-based SIIX Corp to enter into an alliance estimated to generate business activities worth $100 million in FY2005. To demonstrate commitment on both sides,
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    • Article
      Lock icon China's Ace Achieve aiming to launch IPO soon
      505 5  -  Telco solutions provider seeks expansion in Chinese market By KENNETH LIM NOT wanting to be left behind in China's growing mobile phone market, telecommunications solutions provider Ace Achieve Infocom Ltd is planning an initial public offering to raise funds for building up
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    • Article
      Lock icon Benefun to raise HK$8m through placement
      212 5  -  By ANDREA TAN HONG KONG-BASED apparel house Benefun International plans to raise a net HK$B million (Ssl.7 million) from a 200 million new-share placement deal to boost working capital. Benefun said the shares will be issued at 4.2 HK cents each, a discount of
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    • Article
      Lock icon ST Engg denies bid for Indon firm
      159 5 Reuters [SINGAPORE] South-east Asia's largest defence group, ST Engineering Ltd, said it was not currently bidding for an Indonesian aircraft maintenance company, but declined to say whether it would bid in future. Reports in Indonesia quoted an executive of state-owned airplane maker PT
      Reuters  -  159 words
    • Article, Illustration
      Lock icon SNP Corp posts 41 % rise in 9-month profit
      274 5  - SNP Corp posts 41 rise in 9-month profit Boost from printing and publishing segments By JOYCE KOH HELPED by better profitability from its printing and publishing segments, SNP Corporation posted a 41 per cent year-on-year increase in net profit to $6.4 million for the nine months ended Sept 30. Revenue
      FILE PHOTO  -  274 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      34 5 UNIT TRUSTS FUNDS LEGEND:All prices are indicative;Broadly Diversified; Narowly Focused;$ Lower Risk;^ Low to Medium Risk;& Medium to High Risk;** Higher Risk;open-ended;+Before subdivision of units;After subdivision of units;SP after stock split N.A-Non Dealing Day
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  • PERSONAL INVESTMENT
    • Article
      Lock icon BROKERS' TAKE
      627 6  -  Compiled by KENNETH LIM JHMt Oct 15 dote: $1 JO BNR MRMAS PEREGRINE, Oct 15 DISTRIBUTABLE income of $33.7 million is in line with our estimate. This represents 4.46 cents per unit (on weighted average number of units). Growth was sustained at both the top and bottom lines
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    • TRADES TO WATCH
      • Article
        Lock icon Edwin Soeryadjaya's Interra stake raised
        111 6 EDWIN Soeryadjaya, deputy chairman and chief executive of mainboard-listed L8tM Group Investments, saw his deemed stake in oil exploration company Interra Resources rise to 20.76 per cent from 19.95 per cent on Monday after the purchase of 7.8 million shares by Mr Soeryadjaya's 50 per
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      • Article
        Lock icon UBS now holds substantial stake in First Engg
        106 6 INVESTMENT Bank UBS AG is now a substantial shareholder of precision plastic moulder First Engineering after 815,000 shares were bought at about $1.27 apiece on Friday last week. UBS is now deemed to control 5.19 per cent of First Engineering's shares, from
        106 words
      • Article
        Lock icon Koh Brothers director selling shares
        92 6  -  Compiled by KENNETH LIM KOH Brothers Group non-executive director Quek Chee Nee has been divesting her shares in the company this month through a series of open-market sales. Ms Quek, whose shareholding stood at 12.25 per cent earlier this month, sold 40,000 shares at 11
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    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      1104 6 For week beginning Oct 11 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS Subiantial Buy No of Price SHAREHOLDING Trans SharohoMor Soil Shores Par Mora Altar Stock Data Direct of Conv 'OOP Shrj COOP) ('000) H6 Metal 14-0ct-04 Tan Chan Too Buy 100 6.48 9808 7.42 9908 7.50 Adampak 14-0ct-04 Chua
      1,104 words
    • Article, Illustration
      Lock icon When the news hurts, delay it
      1071 6  -  SHOW ME THE MONEY That's what companies tend to do when they have negative earnings announcements to make TEH HOOI LING Senior Correspondent DO YOU get the general feeling that compan i e s which wait until the very last minute to release their
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  • DBS INVESTMENT ROUNDTABLE
    • Article, Illustration
      Lock icon Bush vs Kerry Market impact
      2352 7 OVERVIEW: On Nov 2, American voters will decide on either Republican George W Bush or replace him with his challenger, Democratic Senator John F Kerry. This race for the White House has been described as one of the most important in US history. But the
      BLOOMBERG  -  2,352 words
  • Page 7 Advertisements
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      41 7 8 DBS The DBS Investment Roundtable is brought to you by DBS. It aims to help the investor make informed decisions by providing a platform for experts to discuss the impact of current market issues and concerns. DBS hotline no: 1800-*****22
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  • SINGAPORE NEWS
    • SINGAPORE ROUNDUP
      • Article
        Lock icon SBF signs MOU with Russian SME body
        58 8 THF. Singapore Business Federation (SBF) yesterday signed a memorandum of understanding with Opora, Russia's public organisation for small and medium enterprises. The agreement outlined areas of collaboration such as exchange of business information, assistance in the facilitation of business ventures and eliminating obstacles
        58 words
      • Article
        Lock icon MOH probing Bedok cholera cases
        41 8 THE Ministry of Health (MOH) says it is investigating a cluster of eight cholera cases in Bedok. Most of the patients had patronised hawker stalls and food outlets in Bedok. Thre6 have been discharged from hospital.
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      • Article
        Lock icon Final ERS allotment in early 2005
        72 8 THE government is handing out the third and final lot of the Economic Restructuring Shares (ERS) in early 2005. Bonus shares will be given out on March 1,2005, based on the ERS balance as at Dec 31 at 2 per cent plus real gross
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      • Article
        Lock icon Maryland governor visiting Singapore
        32 8 ROBERT Ehrlich. governor of the state of Maryland. US. will visit Singapore from Oct 18 to 19. The visit is part of a business mission to the region.
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    • Article, Illustration
      Lock icon Hotel booking firm eyes Asian expansion
      385 8  -  SRS hopes to gain from fresh room demand generated by budget carriers By VINCE CHONG SRS World Hotels, one of the largest global hotel booking companies, is aiming to expand its Asian business to 20 per cent of overall gross transactions in three to
      385 words
    • Article, Illustration
      Lock icon Platinum for fashionable
      85 8 AMERICAN Express yesterday launched its new platinum credit card for trendy, young affluents in Singapore. A fashion couture show by Donna Karan with leggy models parading the latest autumn/winter wear kicked off the week-long launch festivities. "The new card builds on the rich heritage of the American
      ARTHUR LEE  -  85 words
    • Article
      Lock icon SGX MAINBOARD
      6 8 Transaction date: Oct 15
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    • Article
      Lock icon LG Electronics boosting S'pore presence
      417 8  -  Regional push part of strategy to head industry by 2007 By NANDE KHIN KOREAN-BASED LG Electronics yesterday announced plans to expand its Singapore operations in a bid to become No 1 in the consumer electronics industry in three years' time. For a start, the LG
      417 words
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  • NETWORK SINGAPORE
    • Article, Illustration
      Lock icon Becoming a global citizen
      844 9  -  LETTER FROM NEW YORK Sept 11 and the Enron fallout gave S'pore trained accountant ZANN KWAN a new perspective on life ZANN KWAN ifi I ET me show you the way to the W train." We walked 1 through masses of people at I Times Square
      BLOOMBERG  -  844 words
    • Article
      Lock icon Sgx
      1874 9 Transaction Date: Oct 15 STRAITS TIMES INDEX STOCKS Stock una Wt Omt Chang* St«r» nam M Oau H«l|l SMw VI OH* AligrecnSOc D30 1 060 -0020 HKlandUStOc 281 2000 .0010 ST Eogq 10c 163 2870 *<MM BIL m*l US20c 0.48 0 995 -0.005 Haw Par Corp 0.48 4.960 *0C20
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  • Page 9 Advertisements
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      Lock icon Page 9 Advertisements Column 1
      98 9 Zann Kwan was appointed the /Erjk International Foundation's Young Business JSSS* Ambassador to Foundation Australia in 2001 under the Singapore-Australia Young Business Ambassador programme which immerses young Singaporean and Australian business professionals in the living and working environments of their respective countries. Zann is a certified public accountant and certified
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  • ECONOMY WATCH
    • Article
      Lock icon Asean manufacturing not hollowing out
      504 10  -  Morgan Stanley says Asean exports not as badly hit by China as feared By CHUANG PECK MING SOUTH-EAST Asia is maintaining its hold on manufacturing, even as China is drawing foreign investments from the region and turning into the world's factory. The big hollowing out
      504 words
    • Article
      Lock icon US retail sales get surprise 1.5% boost in September
      394 10 LATEST US DATA Bloomberg. Reuters. AP [WASHINGTON] American shoppers splurged in malls and car showrooms in September, boosting retail sales by an unexpectedly strong 1.5 per cent, the Commerce Department said yesterday. The sizeable gain came after shoppers took a a
      Bloomberg.; Reuters.; AP  -  394 words
    • Article
      Lock icon S'pore Aug retail sales index climbs 10.7%
      302 10  -  By CHEN HUIFEN SINGAPORE'S retail sales index for August rose 10.7 per cent year-on-year, fuelled by activities in motor vehicles, petrol service stations, apparel and footwear, and furniture and household equipment. According to Department of Statistics (DOS) data, sales in the above segments
      302 words
    • Article, Illustration
      Lock icon Ratings downgrade threat spurs govt: Manila
      502 10 S&P, Fitch want to see govt pass key fiscal reforms AFP. Reuters [MANILA] Threats of credit ratings downgrades will only push the Philippine government to work faster on the necessary reforms. President Gloria Arroyo's spokesman said yesterday. His comments came after international ratings agencies
      AFP.; Reuters; AFP  -  502 words
    • Article
      Lock icon STOCKS ASIA
      6 10 Transaction date: Oct 15
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Start of a sweet collaboration?
      518 11 M'sia's top two sugar tycoons may work together from now on [KUALA LUMPUR] Syed Mokhtar-controlled Tradewinds (M) Bhd's purchase of additional sugar interest from PPB Group Bhd may mark the beginning of his collaboration with the original sugar king, Robert Kuok, says a report in
      518 words
    • Article, Illustration
      Lock icon Indon bourse estimates 30 debuts next year
      235 11 Potentials include flour-milling giant Bogasari Flour Mills Reuters [JAKARTA] The management of the Jakarta stock exchange estimates there will be 30 companies that will mark their debut on the bourse next year, the exchange president said yesterday. "That's our forecast," Erry Firmansyah told
      Reuters; BLOOMBERG  -  235 words
    • Article
      Lock icon KUALA LUMPUR STOCK EXCHANGE
      4 11
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    • Article
      Lock icon Thai Olefins, Titan seek loans of US$775m
      469 11 Bloomberg [KUALA LUMPUR] Lenders to Titan Petrochemicals Polymers Bhd, Malaysia's biggest petrochemical company, and Thai Olefins Pel, a unit of Thailand's largest energy group, are this week marketing US$775 million of loans to refinance debt and increase production. Titan, based in Kuala Lumpur,
      Bloomberg  -  469 words
    • Article
      Lock icon Prosecutors file terror charges against Bashir
      226 11 Reuters [JAKARTA] Indonesian prosecutors filed terrorism charges yesterday against cleric Abu Bakar Bashir, a major step toward a new trial of the accused leader of South-east Asia's Islamic militant Jemaah Islamiyah (JI) network. "It has been submitted to the South Jakarta court today," Didik
      Reuters  -  226 words
  • Page 11 Advertisements
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      Lock icon Page 11 Advertisements Column 1
      462 11 TAKENAKA PARTNERS GLOBALINK PTE LTD (In Members' Voluntary Liquidation) At an Extraordinary General Meeting of Takenaka Partners Global ink Pte Ltd held on 8 October 2004. the following special resolutions were duly passed: 1. "That the Company be wound up voluntarily and that Mr Tan Gim Soo of Messrs G.
      462 words
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      Lock icon Page 11 Advertisements Column 2
      572 11 THE COMPANIES ACT, CAP. 50 FI JIAN BREWERY (S) PTE LTD (Company Regn. No *****3974G) (In Members' Voluntary Winding-up) At an Extraordinary General Meeting of the abovementioned Company duly convened and held at I Senoko Road #07-00 Tee Yih Jia Building Singapore *****4 on 12 October 2004 the following Special
      572 words
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      Lock icon Page 11 Advertisements Column 3
      544 11 THE COMPANIES ACT, CAP.SO AND IN THE MATTER OF KIAN SHING INVESTMENT PTE LTD MEMBERS' VOLUNTARY WINDING UP At on Extraordinary General Meeting o( Kian Shing Investment Pte ltd convened and held at 20 Minbu Road Singapore *****0 on 12th October 2004, the following special resolutions were duly passed RESOLVED:
      544 words
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  • GREATER CHINA/INDIA
    • Article
      Lock icon Hutchison Telecom makes poor debut
      576 12 Stock closes 3.6% down on concern that company won't pay a dividend Bloomberg [HONG KONG] Hutchison Telecommunications International Ltd, controlled by Hong Kong billionaire Li Ka-shing, fell on its sharetrading debut yesterday on concern that it won't pay a dividend because expansion costs will reduce
      Bloomberg  -  576 words
    • Article, Illustration
      Lock icon BUNG-BUNG, INDIA STYLE
      42 12 AP [BOMBAY] Indian models presenting diamond jewellery at a fashion show to inaugurate the Kiah brand in Bombay. Company officials ofSheetal Manufacturing Company, which produces Kiah, said the firm is the world's largest volume manufacturer of diamonds. —AP AP
      AP  -  42 words
    • Article, Illustration
      Lock icon Wipro's profit surges on back of outsourcing
      342 12 Reuters [BANGALORE] Wipro Ltd, India's third-largest software services exporter, reported a 65 per cent jump in quarterly profit yesterday, exceeding forecasts, on the back of increased outsourcing by telecommunications clients. Bangalore-based Wipro, which only gives a quarterly outlook for its mainstay global software
      Reuters; AP  -  342 words
    • Article
      Lock icon Warner Bros in joint China film production deal
      240 12 AP [BEIJING] Warner Bros has announced a deal to create China's first joint venture in film production, newspapers said yesterday. The venture is the first under Chinese rules issued in December that allow foreigners to invest in film production companies, the newspapers
      AP  -  240 words
    • Article
      Lock icon China's Bird, TCL to hike phone exports in 2005
      310 12 Reuters [SHENZHEN] China's top two mobile phone makers said on Thursday they plan to boost exports sharply next year as they look for growth opportunities outside their increasingly saturated home market. Ningbo Bird Co Ltd and TCL Communication Technology Holdings Ltd
      Reuters  -  310 words
    • Article
      Lock icon Tata unit to double China staff, open more offices
      348 12 Computer software maker expanding to meet demand Bloomberg [SINGAPORE] Tata Consultancy Services Ltd, India's biggest computer software maker, plans to double its China workforce and may open more offices in locations such as the southern city of Shenzhen as orders increase.
      Bloomberg  -  348 words
    • Article
      Lock icon New World net loss narrows to HK$976.2m
      136 12 Bloomberg [HONG KONG] New World Development Co, a Hong Konglisted property developer owned by tycoon Cheng Yu-tung, has reported a second annual loss, citing a HK54.39 billion (*****.5 million) provision to cover a unit's legal dispute. But the loss of HK5976.2 million, or
      Bloomberg  -  136 words
  • Page 12 Advertisements
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      811 12 ttaft*ttwmw2 BSBSAmS&SI ACMALTD NOTICE TO WARRANT HOLDERS WARRANTS 2004 To: ALL HOLDERS OF WARRANTS TO SUBSCRIBE FOR NEW SHARES IN ACMALTD (the "Company") EXPIRING 16 NOVEMBER 2004 AT 5.00 P. M. THIS NOTICE IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. If you are in any doubt as to the action
      811 words
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  • WORLD
    • Article, Illustration
      Lock icon Few champs for the chimps
      822 13  -  LIGHT REED Dr Jane Goodall's plea to stop making films with chimpanzees fails to move the Hollywood set CHRISTOPHER REED THE gilded folk of Hollywood love to go about their good works with that modesty of blatant display in which the industry specialises. We have
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    • Article
      Lock icon GM's Opel workers stage wildcat strike
      253 13 Bloomberg [FRANKFURT] General Motors Corp's Adam Opel AG workers in Bochum, Germany, halted production in a wildcat strike to protest the parent company's plans to cut as many as 12,000 jobs in Europe. The 9,600 employees at Bochum, where Opel makes about 60 Astra
      Bloomberg  -  253 words
    • Article
      Lock icon Senators fight options expensing decision
      298 13 Reuters [WASHINGTON] A group of Republican senators vowed on Thursday to use the closing days of Congress this year to try and stop accounting rulemakers from requiring the expensing of stock options. Saying they were not satisfied by a decision on Wednesday to postpone a
      Reuters  -  298 words
    • Article, Illustration
      Lock icon Spitzer sues Marsh & McLennari for fraud
      612 13 Spitzer sues Marsh McLennari for fraud He alleges it rigged bids, two AIG execs were also arrested Bloomberg [NEW YORK] New York At-torney-General Eliot Spitzer has sued Marsh McLennan Cos and arrested two American International Group Inc executives in a fraud probe he said touches "virtually every line of insurance".
      Bloomberg; AP  -  612 words
    • Article
      Lock icon Gay-directed business makes Nasdaq debut
      332 13 AP [SAN FRANCISCO! There was no big stir on Wall Street, but a San Francisco-based Internet company marked a cultural milestone on Thursday by becoming the first gay-directed business to trade its stock on a major exchange. Planet Out Inc, which operates several gay and
      AP  -  332 words
    • WORLDWATCH
      • Article
        Lock icon Oil holds near US$55 on winter fuel anxiety
        109 13 Reuters [LONDON] Oil prices held strong yesterday not far below the US$55-a-barrel mark as traders worried that time is running out to top up low heating oil inventories before winter. US light crude dipped 18 US cents to U5554.58 a barrel after
        Reuters  -  109 words
      • Article
        Lock icon Microsoft video game leaked onto the Net
        79 13 Bloomberg [TOKYO] A copy of Microsoft Corp's Halo 2 video game for the Xbox console has been pirated and leaked onto the Internet ahead of its planned debut next month, the company said yesterday. The game, the sequel to Microsoft's best-selling title for
        Bloomberg  -  79 words
      • Article
        Lock icon Samsung Electronics profit up 46% in Q3
        115 13 Reuters [SEOUL] Samsung Electronics Co Ltd's quarterly profit jumped 46 per cent from a year ago on better memory chip earnings, but fell from the previous quarter on sinking prices of flat screens for TV sets and computers. The world's top maker of
        Reuters  -  115 words
      • Article
        Lock icon Sun narrows loss to US$174m in Q1
        149 13 NYT [PALO ALTO, California] As it struggled to increase sales and cut costs, Sun Microsystems managed to reduce its net loss in the first quarter to US$l74 million, or five US cents a share, compared with a net loss of US$2B6 million, or
        NYT  -  149 words
      • Article
        Lock icon BOA ordered to pay US$284m
        100 13 Reuters [NEW YORK] A San Francisco judge has ordered Bank of America Corp to pay US$2B4 million to customers who alleged that the company illegally raided their Social Security benefits to collect various fees. The tentative ruling also awarded interest and legal fees, the bank
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      • Article
        Lock icon Steve Jobs back in the saddle after surgery
        88 13 AP [PALO ALTO, California] Steve Jobs, the charismatic chief executive of Apple Computer Inc and Pixar Animation Studios, is back in the swing of things. Mr Jobs attended a news conference on Thursday to unveil a new Apple store at a shopping
        AP  -  88 words
      • Article
        Lock icon Verizon Wireless in talks with NextWave
        76 13 Reuters [NEW YORK] Verizon Wireless is in talks to buy wireless airwaves from bankrupt wireless company Next Wave Telecommunications Inc for about US$3 billion, according to a source close to the situation. Verizon Wireless, a joint venture of Verizon Communications and Vodafone Group pic,
        Reuters  -  76 words
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  • MOTORING
    • Article, Illustration
      Lock icon Total control
      1292 14  -  DRIVING STYLE Everyone can drive fast in a straight line but only a few can handle their cars well. GEOFFREY EU hears from Ong Seng Gee who learnt control the hard way GEOFFREY EU STOCKBROKER and hard core motoring enthusiast Ong Seng Gee is a skilled amateur driver
      1,292 words
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      Lock icon Equipping Boxster for competition
      780 14 Bloomberg [FRANKFURT! Porsche AG chief executive Wendelin Wiedeking aims to fend off competition for the entry-lev-el Boxster model by offering more equipment, while keeping the car's design little changed. "There's no reason to make radical design changes on the car," said Mr Wiedeking in an interview
      Bloomberg; BLOOMBERG  -  780 words
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  • WELLNESS
    • Article, Illustration
      Lock icon Man enough to spa?
      1478 15  -  Men are fast outnumbering women at many upscale local spas as they shed inhibitions about manicures and facials, says CHEN JING WEN CHEN JING WEN YOU may think the men don't get it, but they do. Waxing, manicure, pedicure, facial, massage and to end off, perhaps
      1,478 words
  • Page 15 Advertisements
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      148 15 Gill 1900-*****09 to win a pair of first-class seats! M H The Brno Philharmonic Orchestra is brought to you by the Toyota Motor Corporation (TMC) and H fl Borneo Motors Singapore (BMS) in conjuction with the Toyota Classics 2004 tour. H Founded in 1954, the Brno Philharmonic Orchestra is one
      148 words
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  • HEALTH
    • Article
      Lock icon secondopinion
      1332 16 your health questions answered What are the symptoms of endometriosis? Is it painful during menstruation? In fact, most young women would experience some discomfort and pain during that period of the month. How does one know if it is endometriosis? When should one go for a check-up and seek
      1,332 words
    • Article, Illustration
      Lock icon Waging war against infectious diseases
      1230 17  -  Infectious diseases can be as straightforward as the common cold or so complex that they can lead to organ failure. The challenge is to use antibiotics appropriately to arrest the rise of antibiotic-resistant super bugs, TAN SU YEN finds out TAN SU YEN MENTION infectious
      FILE PHOTO  -  1,230 words
    • Article
      Lock icon Travel without picking up the bug
      250 17 SINGAPOREANS are among Asia's most welltravelled people, yet many of us worry about being infected by a nasty bug overseas. So should we take our malaria tablets and arm ourselves with every vaccine available for diseases from hepatitis A, B and C to typhoid
      250 words
  • Page 16 Advertisements
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      281 16 SUBSCRIBE NOW AND STAY COOL ALL YEAR ROUND. W it, *w t£N®&, A stylish mini-fridge is yours (while stocks last) if you subscribe to The Business Times. Plus, you'll enjoy 10% off when you sign up jMTTirfifci for one year To subscribe, call 6388 3838 or complete and fax this
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      Lock icon Page 16 Advertisements Column 2
      46 16 i nQ pOf6 Lianhe Zaobao I Chinese liquor I I lomau I I inroads uto I I south-east I I Asian I ftgSrarkets I J "w§ j fc«te3t I »■«»<» Jelling your car? Call our C.A.T.S. hotline Icaj.s.l g at 1800-289-9988. Buy It. Sell It. Find It. <
      46 words
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  • Page 17 Advertisements
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      380 17 "Th e International Healthcare /nyR W Pr<^tderofChoi<^\^^/^v Everv vear over 200.000 patients from Asia s premier fully integrated healthcare provider 1 7 Largest regional network of private hospitals and 150 countries come to Singapore for healthcare services r\ eno/ 4 »u Am International Referral Centre for total patient care tertiary
      380 words
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  • SHOPPING
    • Article, Illustration
      Lock icon Staying power
      1433 18  -  What is it about hotel merchandise that makes people willing to fork out money to bring home a logo? Sentimental value aside, it's the quality and uniqueness that make up the appeal. CORINNE KERK reports CORINNE KERK IT used to be embarrassing if a towel or a pair
      1,433 words
    • IN STORE
      • Article, Illustration
        Lock icon Dual purpose
        48 18 THIS ingenious Ritzenhoff two-in-one sugar and milk container is an enchanting sight to behold. The top part of the German-made porcelain ware holds sugar while milk is contained in the lower half. Designed by Tim Davies of Sieger Designer, it costs $102.80 at Man/ana, CityLink Mall.
        48 words
      • Article, Illustration
        Lock icon Seat of authority
        53 18 NO frills but extremely comfortable, this Bungie mid-back office chair is ideal for the minimalist boss. It's one of the latest designs from V-Hive and comes with black coated chrome frame and gas lift. It costs $199 at V-Hive outlets including Causeway Point, Compass Point, Funan IT
        53 words
      • Article
        Lock icon talk shop
        45 18  -  Compiled by MIKE CHUA Raffles City: Enjoy complimentary coffee/tea and free first hour parking everyday at Raffles City Shopping Centre, just by using your Citibank Credit Card to shop. More details at Raffles City Shopping Centre. Citibank Rewards Hub, Level 1. mivc rum
        45 words
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  • TRAVEL
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      Lock icon Baths and beyond
      1344 19  -  Hot water and a quiet bonding experience await the weary traveller in Budapest's traditional thermal baths, writes KATHERINE ASHENBURG KATHERINE ASHENBURG NYT I WANTED to take the waters, as people used to call their visits to thermal baths, and Budapest was the obvious destination. The city sits
      NYT; THE NEW YORK TIMES  -  1,344 words
  • Page 19 Advertisements
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      1070 19 wine&dine withweekendßT 1 AIWO Food for Life Korean Restaurant Parkway Thai Restaurant Singa Inn Seafood Restaurant 252 North Bridge Road, #02-20 Raffles City *05-35 Hotel Phoenix. Tel: *****920 #01-59/62 Centrepoint Shopping Centre/#O2-08 920 East Coast Parkway. TeL *****111 Shopping Centre. Tel: *****669 Savour a wide array of authentic Korean food.
      1,070 words
  • Page 19 Miscellaneous
    • Miscellaneous
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      309 19 CRYPTIC CROSSWORD rROK watcher (8) Huiv/39 6 Sombre British composer bur--1 Kindly give them a reward for ied in the east of France (7) a change! (4-7) 7 Where to buy shares in farm--10 Item acquired from gunsmith ers' market (5,8) in Greece (5) 8 I had to put in
      309 words
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  • FOOD
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      Lock icon CURRY FAVOUR
      1590 20  -  CHEAH UI-HOON takes a walk down curry lane Race Course Road, and finds the old 'cafeteria' style South Indian stalwarts giving their Northern cousins a run for their money CHEAH UI-HOON SOUTH Indian restaurants the ones that serve food on banana leaves and where fish head curry is
      PHOTOS BY ARTHUR LEE  -  1,590 words
    • Article, Illustration
      Lock icon Northern exposure
      481 20 New Indian restaurants are popping up by the week, it seems. It's not only South Indian ones that are flourishing in the Little India area, but for new outlets in far-flung places like Seletar and East Coast Road the flavour du jour is North Indian. We check out
      481 words