The Business Times, 30 October 2004

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Total Pages: 22
1 22 The Business Times
  • 19 1 THE BUSINESS TIMES weekend SMGAPORE 85 cents MITA (P) 023/03/2004 October 30-31 2004 online at http:'/business-times.asial com sg I
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  • 496 1  -  By VINCE CHONG [SINGAPORE] Loss-making construction company Wee Poh Holdings adjourned its annual general meeting yesterday after filing a police report over alleged irregularities in sharehold: ers' proxy forms. During a routine preAGM audit and inspection of forms on Thursday
    PHOTO: ARTHUR LEE  -  496 words
  • 617 1  -  DBS Q3 profit rises 24% to $362 m while UOB's goes up 11% to $371m Reports by SIOW LI SEN [SINGAPORE] Yesterday's announcement of higher third-quarter profits by DBS Group and United Overseas Bank is further evidence of Singapore's strong economic recovery and
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  • 139 1 Dsn 1,960.69 (-7.36) ST INDEX FUTURES 1,963.00 (-7.00) siMsa 237.87 (-1.25) SIMSa FUTURES ***** (-120) MARKETS Friday Change KLSECOMP 861.14 +8.15 NIKKEI 225 10,771.42 -81,70 HANG SENG 13.054.66 -58.49 SET INDEX 628.16 >6.59 JAKARTA COMP 860.49 J .63 MANILA COMP 1,819.03 +11.54 SEOUL COMP 834.84 +130 SHENZHEN B
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  • 48 1 TOP STORIES...... PG 2 COMPANIES... PG 4-5 UNIT TRUSTS. PG 5 INVESTMENT .....PG 6 SINGAPORE PG8 NETWORK PG 9 ECONOMY 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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  • 626 1 [SINGAPORE] In a rarely seen gesture, the top executives of DBS Group Holdings apologised repeatedly at two press conferences yesterday for the recent accidental destruction of safe deposit boxes at its Hong Kong branch. Both Jackson Tai, DBS' chief executive, and
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  • 577 1  -  Higher Chinese interest rate seen checking price rise By RONNIE LIM [SINGAPORE] Oil prices could slide below US$5O to test the next psychological level of US$45 in the current downward drift, traders here say, although most expect the price to settle around
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  • Page 1 Advertisements

  • TOP STORIES
    • 552 2  -  Food and transport costs have not gone up but this may not last for much longer By NANDE KHIN [SINGAPORE] Global demand for oil has outstripped production since the start of this year. And this, coupled with geopolitical disturbances, has led
      Graphc LEE HSUEH LENG  -  552 words
    • 53 2 IN Thursday's article, "NGOs go global", we said that the National Kidney Foundation developed the world's first and only gov-ernment-subsidised dialysis programme. The foun- dation has pointed out that the programme was funded from donations from the public, and no financing was received from the government. We are sorry
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    • 617 2  -  SATURDAY SOAPBOX It has abandoned its niche market which gave the weekly a clear sense of mission and identity ANTHONY ROWLEY Tokyo Correspondent THE Far Eastern Economic Review. which for decades has been read and alternately admired or despised but rarely
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    • 897 2 Frontline, Capgemini tie up S in outsourcing alliance c INFOTECH services company Frontline N Technologies Corp has struck a strategic b alliance with the Capgemini Group u one of the world's largest IT outsourcing r firms —to provide outsourcing services c in South-east Asia. The Singapore main- ti
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  • Page 2 Advertisements
    • 89 2 Incorporation services in ail major 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: SimonneToh T: +65 6535 3382 F: +65 6535 3991 E: singaporedocra.com.sg
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  • Page 3 Advertisements
    • 159 3 *'Wr l 23UMi»^» LIMELIGHT CUFF-WATCH WITH MAGIC REFLECTIONS NECKLACE LIMELIGHT RING WATCH SNOW FLAKE MOTIF in 18k white gold, set with diamonds in 18k white gold, set with diamonds, in 18k white gold, set with diamonds and south sea pearls. and sapphires. I I I? 0 Year* of Audacity, Creativity
      159 words

  • NETWORK SINGAPORE
    • 1236 4  -  LETTER FROM JAKARTA Traffic congestion and air pollution aside, Jakarta has a lot to offer, be it business opportunities or recreation and fun, says LIM WEI SIONG LIM WEI SIONG STREWN around my office and apartment are large unopened manila envelopes' containing books that 1 had brought with
      REUTERS  -  1,236 words
    • 1064 4  -  LETTER FROM LONDON PARVATHI NAYAR looks back on a year in which senses fed on art, theatre and nature PARVATHI NAYAR THE last days of summer move with cool purpose into autumn. School's out so are the pigeons on this grassy patch in Soho Square. While
      CASPAR BELOW; STEFANIE VARGA, STOCK.XCHNG  -  1,064 words
  • Page 4 Advertisements

  • RAFFLES CONVERSATION
    • 2138 5  -  Irish Prime Minister Bertie Ahern talks to VIKRAM KHANNA about Ireland's transformation from European backwater to Celtic Tiger VIKRAM KHANNA m OW'RE ya gjj doin?" says I B Irish Prime KhJ Minister Bertie Ahern, beamI 1 ing, pumping my hand and B that of our photographer, Chris
      CHRIS LOH  -  2,138 words
  • Page 5 Advertisements
    • 2 5 .dflfc t&HiH
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    • 65 5 Raffles INTERNATIONAL Hotels Resorts A Mombf of CipitiLind 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,
      65 words

  • COMPANY NEWS
    • 1078 6  -  CORPORATE ANALYSIS 3 S'pore firms have clinched deals in Malaysia that would have been unthinkable in the days of Dr M, says EDDIE TOH in Kuala Lumpur EDDIE TOH SINGAPORE Telecommunications chief Lee Hsien Yang can finally do a "song and dance"
      1,078 words
    • 6 6 Transaction date: Oct 29
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    • 529 7  -  Move to provide outsourcing services in South-east Asia By RAJU CHELLAM INFOTECH services company Frontline Technologies Corp has struck a strategic alliance with the Capgemini Group one of the world's largest IT outsourcing firms to provide outsourcing services in South-east Asia. As part
      FILE PHOTO  -  529 words
    • 510 7  -  STOCKS R SIVANITHY Senior Correspondent RARELY has there been as straightforward a causal relationship between oil and stock prices as seen in the first four trading days of this week —stocks fell as oil rose but the instant crude prices fell from
      510 words
    • 1992 7 Transaction Date: Oct 29 STRAITS TIMES INDEX STOCKS Stodmamt Wt Oom dung* Stack mm m Ooaa Change Stodtaama Oaaa Change Allqreen50c 0.29 1.030 -0.010 HKlandUSIOc 2.73 2.060 +0.030 STEngglOc 1*3 2 090 BIL Intl US20c 0.47 0.960 -0.005 Ha» Par Corp 0.48 4.960 -0.020 STAT5Q*25c 0M UK 4.02S CapjtaLand
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    • 755 8  -  It cites lower customer demand; for Q3, it posts US$16.2m profit By WONG WEI KONG CHARTERED Semiconductor Manufacturing's stay in the black proved fleeting with the chip maker warning yesterday of a fourthquarter loss after just three quarters of modest profits. The Temasek-linked company
      FILE PHOTO  -  755 words
    • 298 8  -  By VEN SREENIVASAN SINGAPORE Technologies Engineering's aerospace arm has clinched a 10-year US$43B million aircraft maintenance contract with United Parcel Services (UPS). Under the terms of the contract, ST Aerospace will undertake aircraft maintenance work for UPS' fleet of DCBs, A3oos and MD 1
      298 words
    • 273 8  -  By JOYCE KOH QUEK Leng Chan's Guocoland proved that last year's good performance was no flash in the pan as it yesterday posted first-quarter earnings of $26.3 million, up from $6.3 million a year ago. But quarterly turnover dipped 7 per cent to
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    • 343 8  -  By JOYCE KOH LIKE Oversea-Chinese Banking Corporation's recent capital-management move, United Overseas Bank yesterday said it will set aside $500 million to buy back its shares from the market for cancellation. The bank, which also announced its third-quar-ter results yesterday, explained the
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    • 607 8  -  Yellow Pages, Select Catering, Sembawang Music lodge documents By KENNETH LIM THERE has never been a better time to test your shoppers' know-how, with the recent slew of local consumer companies that have lodged preliminary listing documents. Looking for a place to put your
      CHRIS LOH  -  607 words
    • COMPANY BRIEFS
      • 82 8 OCBC Bank has appointed corporate banker Koh Ching Ching as its new head of group corporate communications with effect from Nov 1. Reporting directly to chief executive David Conner, Ms Koh will be responsible for OCBC Bank's media relations, corporate and employee communications, and community
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      • 72 8 SEVERAL large listed Singapore companies are likely to pay "significant amounts" of cash to shareholders as they divest non-core investments, Reuters reported, citing a Citigroup Smith Barney research report. Citigroup analyst Lim Jit Soon in a note dated Oct 25 listed the firms most likely
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      • 65 8 SUPER Coffeemix Manufacturing yesterday entered into a joint venture agreement with San Miguel Pure Foods Company. SMPFCisone of the Philippines' leading manufacturers of food commodities and branded food products with a nationwide distribution system. The new venture will engage in the importation, packaging (including toll-packaging),
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      • 97 8 TREK 2000 International Ltd has become the latest listed company to issue a profit warning on its results. Ahead of the announcement of the group's results for the third quarter ended Sept 30, the board said it expects the company to report a loss
        97 words
      • 53 8 SMRT Corporation Ltd confirmed yesterday that it expects income from rental of retail space to rise by 15 per cent or $3 million in the financial year ending March 31 2005, and 50 per cent or $10 million in the financial year ending
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      • 109 8 GK GOH Holdings posted a 59 per cent drop in earnings to $3 million for its third quarter ended Sept 30 as revenue dropped 37 per cent to $29.6 million. The local brokerage said it expects to remain profitable in the current
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      • 102 8 CYCLE Carriage Bintang Berhad, in which Jardine Cycle Carriage owns a 59 per cent stake, said net profit for the third quarter ended September fell to RMI.4 million (*****,355) from RM7 million in the year-ago period, partly due to the strong euro
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      • 46 8 GIKEN Sakata has returned to the black with a first-half net profit of 1.04 million. It lost $2.4 million in the corresponding period last year. Turnover for the six months ended September rose 75.5 per centto $69.6 million.
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  • DBS INVESTMENT ROUNDTABLE
    • 2699 9 OVERVIEW: On Tuesday, 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
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  • Page 9 Advertisements
    • 41 9 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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  • PERSONAL INVESTMENT
    • Article, Illustration
      541 10  -  Compiled by KENNETH LIM NOL said lower costs per FEU (40-foot equivalent unit) were achieved as a result of continued focus on yield management and cost savings. However, cost pressure from higher fuel and charter expenses, and global infrastructure blockages are starting to impact profitability. The group achieved,
      Source: Bloomberg  -  541 words
    • TRADES TO WATCH
      • 142 10 FtiRMER Informatics Holdings vice chairman Cheah Hon Kuen, who stepped down in 1998, sold about 1.1 million shares on the open market this week, paring his direct stake to just 9.57 per cent from 9.83 per cent. Mr Cheah sold 808,000 shares at 35 cents
        142 words
      • 103 10 PRIVATE fund manager Apollo Asia Fund has become a substantial shareholder of Boardroom after buying 1.6 million shares on the open market this week. No pricing details were given for the purchases, which were made on Wednesday and Thursday. Apollo's stake in the corporate
        103 words
      • 77 10  -  Compiled by KENNETH LIM NTI International non-executive director Yang Yo-Min saw his deemed stake increase to 17.71 per cent from 17.54 per cent after Flinderslane Asset Management bought 250,000 shares on the open market at about 12.5 cents apiece on Wednesday. Dr Yang, a
        77 words
    • 918 10 For week beginning Oct 25 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS SubuntUI Buy No of Price SHAREHOLDING Trans ShanhoMor Sol Sham Par loforo After Stock Poto Director Cony D00 SlirS ('000) COOO) Total Auto 280ct-04 Surya Kant Gupta Sell 175 0.62 175 0.11 0 0.00 Boardroom 28-0<t-04 Tan Cher
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    • 1110 10  -  A strategy of investing in companies that issue bonus shares in past 4 years does pay off TEH HOOI LING Senior Correspondent IN this column a few months back, we showed that on average companies which issued bonus shares performed better than the market
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    • 589 10 Reuters INSURERS and fund managers are set to cash in on Asia's private pension industry, which is expected to grow nearly four-fold in 10 years as the world's most populous region grows older. But experts say the growth depends on desperately needed reforms
      Reuters  -  589 words

  • SINGAPORE NEWS
    • 597 11  -  Earnings growth so far this year driven by improvement in residential business By KALPANA RASHIWALA CAPITALAND said yesterday it is confident fiill-year 2004 operating profit will be higher than last year after posting a 6.9 per cent increase in third-quarter net profit
      597 words
    • 498 11  - CityDev AIG sell The Sail units at an average of $900 psf By VINCE CHONG NEW downtown residential project The Sail@Marina Bay will be released at an average $900 per square foot (psf) tomorrow, but is expected to climb to $930-$950 psf by the time it is officially launched in
      ARTHUR LEE  -  498 words
    • 206 11 Reuters BANK lending in Singapore rose in September from August, supported by a rise in housing loans and lending to financial institutions and builders, central bank data showed yesterday. Total bank lending was $177 billion in September against $176.3 billion
      Reuters  -  206 words
    • 257 11 Reuters A SMALL but profitable hedge fund manager in Singapore believes he knows who the real winner will be from next week's US elections yuan speculators. Chua Soon Hock, chief executive of Asia Genesis Asset Management, says he has already placed various market
      Reuters  -  257 words
    • 140 11 SINGAPORE-NORWAY links were reinforced yesterday with two separate agreements being signed between the educational institutions of both countries. The Nanyang Technological University (NTU) signed an Agreement of Cooperation with the BI Norwegian School of Management (BI) to formally acknowledge their working relationship. In July, the
      140 words
    • 273 11  -  By CHUANG PECK MING AHMAD Magad, Member of Parliament for Pasir RisPunggol ward, will head the Government Parliamentary Committee for Finance and Trade and Industry from next month, when eight of the 10 GPCs will be headed by new chairpersons. The deputy chairman of the
      273 words
    • 177 11 SINGAPORE is marketing itself as a potential trading centre for Norway's oil and gas exports to North Asia a move that offers immense opportunities as Norway is the world's third largest oil exporter and has large natural gas reserves. Trade and
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  • Page 11 Advertisements
    • 72 11 New GPC line-up Sin Boon Am (Chair) Gan Kim Voog (Chair) Ahmad Magad (Chair) Warren Lee (Deputy) Ong Seh Hong (Deputy) Inderjit Singh (Deputy) sT« Halimah Yacob (Chair) Indranee Rajah (Chair) Sang Hon Thong (Chair) Chong Weng Chew (Deputy) Ahmad Khalis (Deputy) Zainudin Nordin (Deputy) 111 Y«o Guat Kwang (Chair)
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    • 275 11 Call toll-free 1800 289 8822 IN THE MATTER OF COMPANIES ACT, CAP 50 AND IN THE MATTER OF SOUTHQUAY SINGAPORE PTE LTD (CO. REG. NO.: *****7697G) (IN VOLUNTARY LIQUIDATION) NOTICE IS HEREBY GIVEN that in pursuant to Section 308 of the Companies Act, Cap 50 the Final Meeting of the
      275 words
    • 182 11 IN THE MATTER OF THE COMPANIES ACT (CAP. 50,1994 ED) AND IN THE MATTER OF NAVA NETWORKS SINGAPORE PTE LTD (In Creditors' Voluntary Liquidation) Registration No: *****9710Z NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act (Cap. 50,1994 Ed), the Final Meeting
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    • 385 11 limited (Company Registration No. *****2094H) (Incorporated in the Republic of Singapore) Registered Office: 190 MacPherson Road #07-08, Wisma Gulab, Singapore *****8 NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting will be held at 190 MacPherson Road #09-00, VK's Club, Wisma Gulab, Singapore *****8 on
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  • ECONOMY WATCH
    • 303 12 AP. Bloomberg, Reuters [WASHINGTON] The US economy grew at a 3.7 per cent annual rate in the third quarter a pace that was slightly better than in the spring but not as strong as many analysts expected. The government
      AP.; Bloomberg,; Reuters  -  303 words
    • 295 12 Reuters [WILKES-BARRE, Pennsylvania] Replacing the income tax with a consumption tax "will be on the table" in upcoming discussions, Treasury Secretary John Snow said on Thursday, adding that such a change might help the United States bridge its large current account
      Reuters  -  295 words
    • 852 12 It will cool economy and benefit growth internationally in the long term Bloomberg CHINA'S first interest rate increase in nine years may cool its economy without damaging global growth, economists and international policy makers said. "They are obviously trying to have a
      Bloomberg; REUTERS  -  852 words
    • 6 12 Transaction date: Oct 29
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  • Page 12 Advertisements
    • 560 12 PROGEN PROGEN HOLDINGS LTD (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Progen Holdings Ltd ("PHL" or the "Company") will be held at 12 Woodlands Loop, Singapore *****3 on 24 November 2004 at 2.30 p.m. for the
      560 words

  • MALAYSIA/INDONESIA
    • 541 13 Drop reflects doubts that China's rate hike would lead to a revaluation of the ringgit Reuters [KUALA LUMPUR] Malaysian government bond prices fell yesterday, reflecting doubts that China's surprise interest rate rise would lead to a possible ringgit revaluation. "Whenever there is speculation about
      Reuters  -  541 words
    • 359 13 Bloomberg [KUALA LUMPUR] Malayan Banking Bhd, Malaysia's biggest lender by assets, had the outlook on its credit rating changed to positive from stable by Standard Poor's, which means the rating company is more inclined to raise the bank's rating. S&P affirmed its BBB+/A-2 ratings
      Bloomberg; FILE PHOTO  -  359 words
    • 4 13
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    • 365 13 Reuters. Reuters, Bloomberg [JAKARTA] Indonesia's largest phone firm, PT Telekomunikasi Indonesia Tbk, said yesterday third-quar-ter net profit more than doubled as it wooed more mobile subscribers despite increasing competition in the sector. The result was near the top of analysts' forecasts, and analysts are
      Reuters.; Reuters, Bloomberg  -  365 words
    • 116 13 Reuters [JAKARTA] Indonesia's second largest telecommunication company, PT Indonesian Satellite Corp Tbk, said yesterday its nine-month net profit more than doubled from the same period a year ago. Indosat, 42 per cent owned by Singapore's ST Telemedia, said its net profit reached 1.38 trillion rupiah (*****.4
      Reuters  -  116 words
  • Page 13 Advertisements
    • 412 13 Conference by. Atian Strategy k Ltadenhlp laitltatt f Dedicated To Creating A Better Society Mitigating and Managing Risk in the Current Environment ■TdaT]] prwi Assessing the Public-Private Investment Insurance What are the Impact of Commodity Price Fluctuations Cooperation on Structuring the Deals The Role of ECA in Supporting the SMEs
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  • GREATER CHINA/INDIA
    • 539 14 10.5b yuan gain on increased sales, higher production beats forecasts Bloomberg [BEIJING] China Petroleum 8t Chemical Corp, Asia's biggest oil refiner, had a 62 per cent increase in thirdquarter profit, more than expected, as it raised production of crude oil and boosted sales of
      Bloomberg  -  539 words
    • 164 14 Top French fashion houses are zooming in on two destinations where demand for luxury goods is just taking off China and India. In Shanghai last week, fashionistas flocked to the city's second Fashion Week, where designers like Jean-Paul Gaultier (above, taking a bow with a Chinese model
      AFP PHOTOS  -  164 words
    • 460 14 Move aimed in part at stemming illegal lending Bloomberg [HONG KONG] China moved a step closer to bringing its banks in line with international standards, scrapping a limit on the rates lenders can charge customers for loans, say analysts. "This is a natural
      Bloomberg  -  460 words
    • 486 14 Reuters [BOMBAY] A revival in business investment in fastgrowing India will gather steam despite the likelihood of further monetary tightening by a central bank worried about inflation, economists and business executives say. The Reserve Bank of India raised its repo rate by
      Reuters  -  486 words
    • 465 14 Reuters [MUMBAI] Indian Finance Minister Palaniappan Chidambaram said yesterday that the government planned to open up the banking sector further to foreign banks and would encourage consolidation in the sector. "Foreign banks will be allowed to acquire up to 10 per cent
      Reuters  -  465 words
    • 323 14  -  By AMIT ROY CHOUDHURY [SINGAPORE] Satyam Computer Services, one of India's top providers of information technology, plans to capitalise on its presence in Singapore to further enhance its marketing of IT outsourcing services. The announcement by the company yesterday was made during a visit
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  • Page 14 Advertisements
    • 44 14 I Lianhe Zaobao I Making foray I I into Beijing and I I Chengdu I I My Humble I I House I I (Hanshe) I I [grows into a I I global I I brand I I I I °Ww I I EMHMA* I
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  • ASIA-PACIFIC/WORLD
    • 824 15  -  LIGHT REED As old names fade away new millionaires are rising in both politics and business CHRISTOPHER REED IF George W Bush loses the presidency in Tuesday's US elections, does it finish the four-generation Bush dynasty? Not at all. It will surely encourage 51-year old Jeb
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    • 403 15 Move comes amid blasts in southern Thailand AFP. Reuters [BANGKOK] Thai Prime Minister Thaksin Shinawatra told the nation yesterday that he will set up an independent commission to investigate the deaths of 78 Muslim protesters rounded up by troops and piled into trucks. "I
      AFP.; Reuters  -  403 words
    • 560 15 AFP [NEW DELHI] Indian astrologers say that the planets favour Democratic candidate John Kerry to win the White House race over US President George W Bush in next Tuesday's polls. "For months, opinion polls have shown the race between Bush
      AFP  -  560 words
    • WORLD WATCH
      • 68 15 Bloomberg [TOKYO] NTT DoCoMo, the world's second-largest mobile-phone operator, said net income fell about 6 per cent as it spent more to sign up users to its high-speed Internet access service. The company raised its full-year profit forecast. Net income fell to 335.2 billion yen
        Bloomberg  -  68 words
      • 59 15 Bloomberg [TAIPEI] Acer Inc, Taiwan's third-largest computer company by market value, had a second quarter of profit decline. Net income for the third quarter fe1163 per cent to NT$l.43 billioir(Ss7l.2 million) from NT$3.9 billion a year ago, it said. Sales rose more than two-fifths
        Bloomberg  -  59 words
      • 116 15 Bloomberg [FRANKFURT] Deutsche Bank, Europe's third-biggest bank by assets, said profit rose 18 per cent in the third quarter as a tax refund, lower hedging costs and risk provisions helped make up for a slump in equity trading revenue. Net income rose to 680 million
        Bloomberg  -  116 words
      • 76 15 Bloomberg [TOKYO] Mitsubishi Heavy Industries, Japan's largest heavy machinery maker, said its first-half loss widened because of rising steel prices and the increase in the yen's value against the US dollar. The company had a net loss of 21.5 billion yen (***** million), or 6.4 yen
        Bloomberg  -  76 words
      • 78 15 Bloomberg [TOKYO] Nissan Motor Go, the woski« second-largest carmaker by market value, had an unexpected 3.5 per cent drop in quarterly profit as the yen rose against the US dollar and it had higher incentives releasing new models. Net income for the three months ended Sept
        Bloomberg  -  78 words
      • 92 15 Bloomberg [LOS ANGELES] Gateway Inc. the computer maker that has lost US$2.5 billion since 2000, posted a narrower loss in the third quarter, helped by chief executive Wayne Inouye's strategy of selling PCs through retailers. Mr Inouye's plan, which includes reducing costs by slashing jobs, shutting Gateway's
        Bloomberg  -  92 words
      • 101 15 NYT [NEW YORK] Viacom Inc, the media conglomerate, said on Thursday that Sfits grew 11.6 per cent in the third rter because of a jump in ertising at its cable and television £?tworks. The company also said it would buy back US$B billion, or almost 13
        NYT  -  101 words
      • 43 15 AP [NEW YORK] CNN television will shut down its struggling CNNfh financial news network in mid-December, giving up its attempt to compete with CNBC after nine years. A handful of programmes will be shifted to the main network. —AP
        AP  -  43 words
    • 234 15 Reuters [NEW YORK] General Motors Corp plans to lay off temporarily more than 10,000 workers for as long as one month early next year at five plants that primarily produce sport utility vehicles and pickup trucks, the New York Times and Wall Street
      Reuters  -  234 words
    • 185 15 AFP [FRANKFURT] The investigation opened by the US Securities and Exchange Commission (SEC) against DaimlerChrysler centres on accusations that the Ger-man-US car giant operated secret bank accounts in South America for use in bribing foreign officials, the Wall Street Journal reported yesterday.
      AFP  -  185 words
  • Page 15 Advertisements
    • 242 15 IN THE MATTER OF THE COMPANIES ACT CHAPTER 50 AND IN THE MATTER OF Fairwind Trading Company (Pie) Ltd (In Members' Voluntary Liquidation) NOTICE IS HEREBY GIVEN that at an Extraordinary General Meeting of Members of the above-named company held on 30 October 2004. it was resolved that the company
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    • 242 15 IN THE MATTER OF THE COMPANIES ACT CHAPTER 50 AND IN THE MATTER OF In' Lab Services Pte Ltd (In Members' Voluntary Liquidation) NOTICE IS HEREBY GIVEN that at an Extraordinary General Meeting of Members of the above-named company held on 30 October 2004. it was resolved that the company
      242 words

  • MOTORING
    • 1075 16  -  The second generation Porsche Boxster may be brand new even though it looks little changed on the outside. But a drive in Austria reveals how special it remains under the skin, writes SAMUEL EE SAMUEL EE SO you can only recognise the new Porsche Boxster when
      1,075 words
    • Article, Illustration
      308 16  -  By SAMUEL EE WANT to look like old money while you stretch out comfortably in the back? Then only a Jag will do. On Thursday at the Conrad hotel, Malayan Motors launched the perfect combination of luxury and status the Jaguar XJB Long Wheelbase. Or as their owners
      308 words
    • BRAVE NEW WHIRL
      • 123 16 NEXT March wiU see the launch of the new BMW 3 Series here about the same time as its world debut at the Geneva Motor Show. The fifth generation of what is arguably the best compact sports sedan will have four new engines three petrol and
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      • 115 16 NO, it's not the latest model from Mercedes-Benz. Instead, the carmaker with the three-pointed star is offering free music downloads. Called Merce-des-Benz Mixed Tape, it offers 15 tracks from international musicians. The selection is changed every six to eight weeks and is about the length of
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      • 109 16 CURIOUS about how much a 911 Carrara S with optional carbon interior and Sport Chrono package will cost? All you have do is go online to the Porsche Car Configurator to find out. The website was launched yesterday for Singapore, which is the first country in Asia-Pacific
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      • 116 16  -  Compiled by SAMUEL EE WANT to swoon over a Subaru, literally? Be the last man or woman standing and win a turbocharged Impreza WRX 2.0 worth $90,000 (without COE). The prize for this year's survivor challenge tops the previous two years' when only an Impreza I.6TS was up
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  • WELLNESS
    • 1196 17  -  JUDY CHAPMAN: This may be hard to swallow but sugar can wreck havoc on your skin, the largest organ in your body. JUDY CHAPMAN finds out why SUGAR is no longer just the white powder that you add to your morning cuppa. It's now
      STOCK.XCHNG  -  1,196 words
  • Page 17 Advertisements
    • 468 17 wine&dine withweekendBT AIWO-Food for Life 4Plf Hotel Phoenix Thai Mttmnnt kj, I Stngalnn$«afood Restaurairt 919 bJtvrtK nriAne Jinn/i §02-20 Raffles Oiitt 277Orchard RocuL TeL 6233 6129 l l mjQ&Centrepoint Shopping CentnmB-08 I 1 920EastCoastParkwa*. TeL *****111 Shopping Prata^ inPhoenixGarden 1 I Dine with yow up to40per cent discount 'CasuaTFrcnch Dimng'
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  • HEALTH
    • Article, Illustration
      1175 18 your health questions answered How do I check if I have idiosyncratic reactions to drugs, that is, have little or no tolerance to drugs in dosages that would normally be safe for others? Benjamin Thong Idiosyncratic drug reaction occurs very infrequently in fewer than one in 10,000 patients exposed
      CHRIS LOH; AP  -  1,175 words
    • 1366 19  -  New technology, a better understanding of anatomy and improved surgical techniques have dramatically raised patients' chances of prolonging life, reports TAN SU YEN TAN SU YEN LIVER cancer is notoriously difficult to treat this is the last thing any patient reeling from a
      CHRIS LOH  -  1,366 words
  • 34 18 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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  • Page 18 Advertisements
    • 34 18 If you have any health-related questions, e-mail mrceparfcway.coeufli fax: 6732-6733, or write to MRC Tong Building #16-01/02/03, Singapore *****2 Allianz (jfi) Dresdner PIMCO Global Real Return Fund rated 5-star by Mercer Investment Consulting Aw
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  • Page 19 Advertisements
    • 368 19 The Every year, over 200,000 patients from Asia's premier fully integrated healthcare provider Largest regional network of private hospitals and 150 countries come to Singapore for healthcare services eno/ iu Am International Referral Centre for total patient care tertiary care. Over 60/« of them are Hospital Moment Award 2003- recent
      368 words

  • SHOPPING
    • Article, Illustration
      858 20  -  Now there's a new way to show off your Louis Vuitton with its Emprise collection of fine jewellery. CORINNE KERK gets up close at its HK launch CORINNE KERK IT was just a matter of time. After two years in the works, legions of Vuitton fans who aren't
      858 words
    • IN STORE
      • 78 20 IT's called the IlluInfiniti mirror and it reflects multiple images of an object yet another innovative idea to light up your living room or office. The eye-catching mirror comes with a brushed stainless steel stand and can be tilted for different effects. Imported from Europe, a 210mm-diameter mirror
        78 words
      • 62 20 NOTHING like going home to a favourite chair after a hard day's work. And with a rocking chair like the Emmabo, there's no reason to resist. The Swedish-de-signed chair comes with a steel frame and nylon/polyester cover, making it as durable as it is comfortable. It measures
        62 words
      • 108 20  -  Compiled by MIKE CHUA Raffles City: Enjoy complimentary coffee/tea and free first hour parking everyday at Raffles City, just by using your Citibank Credit Card to shop. More details at Raffles City Shopping Centre, Citibank Rewards Hub, Level 1. IMM: Furniture Crazy Grab Promotion: Enjoy up to 70
        108 words
      • Article, Illustration
        53 20 LOOK formal yet elegant with this pair of Moreschi square cut shoes. The full leather shoes (in eluding inner leather lining) come with a stylish sewnstrip treatment that accentuates its look of gentility. Made in Italy, the tan pair costs $625 (less 30 per cent discount) at Alessandro stores,
        53 words
    • 591 20  -  By CORINNE KERK YOU'D think the staggering number of handbags available here online, offline and at hotel function rooms is enough to deter newcomers to the bag scene. But no. Another player has opened shop this month, though admittedly, they're not entirely new to the
      591 words

  • TRAVEL
    • Article, Illustration
      827 21  -  Both adults and kids will feel welcome at the idyllic Moondance Lodge in Margaret River, Western Australia. CORINNE KERK gives an account of her stay CORINNE KERK YOU have to admit that while Western Australia's famed Margaret River wine region is a great destination in which to kick
      827 words
    • 540 21  -  By CHEAH UI-HOON ONCE upon a time, there were "Economy" bus services from Singapore to Kuala Lumpur, which then became Executive coaches, and which were followed quickly by Super and Super VIP categories. The novelty for "luxury" coach travel then became double deckers but
      540 words
  • Page 21 Miscellaneous
    • 197 21 CRYPTIC CROSSWORD 26 her didactic skills (8) 13 Temperate seamen can gain YESTERDAY'S SOLUTION DOWN points on time (9) Across: 5 Badger, 8 Whirling, 9 2 Lady and lord follow a state of- 14 Secure records are vital for Dervish, io Nilot, 11 Nestorian, 13 ficial (6) manicurists (9) Above
      197 words

  • FOOD
    • Article, Illustration
      940 22 Former Thanying boss Jongkolnee Thoboonme, or Noo, tells GEOFFREY EU about her new upmarket Thai restaurant WHEN Sabai. a swanky new restaurant in Takashimaya Shopping Centre opens for business next month, it will be cause for culinary celebration among fans of authentic royal Thai cuisine. That's because owner
      ARTHUR LEE  -  940 words
    • 230 22  -  By GEOFFREY EU SABAI will not be the only big restaurant opening in Takashimaya Shopping Centre in time for Christmas. Before the end of the year, top restaurateur and former Crystal Jade front man Alfred Leung will make a much-anticipated re-appearance around the corner from the scene
      230 words
    • 482 22  -  NEW COOKBOOKS By CHEAH UI-HOON IF there's one dish that personifies Shawn Armstrong's style of cuisine, it should be the Pan-roasted Crayfish and Seared Foie Gras on Corn Muffin with Orange Marmalade. That's if you're looking at The Cliff's chef de cuisine's first,
      482 words
    • 500 22  -  By GEOFFREY EU ALTHOUGH "tunnel boning" has nothing to do with either archaeology or making an unscheduled exit from prison, it is an activity that seems better suited to an earlier, less frenzied age when cooking skills were passed down through the generations rather
      500 words