The Business Times, 6 November 2004

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Microfilm: NL25859
Total Pages: 22
1 22 The Business Times
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  • Title Section
    Lock icon Masthead
    21 1 THE BUSINESS TIMES weekend MICA (F) 02V0S/2004 SINGAPORE 85 ctnti online htlji //fcmlnev* liniri HMt <<mt mj November k l iOQA
    21 words
  • Article, Illustration
    Lock icon US$ takes a hammering in Asia
    733 1  -  Beleaguered greenback hits its lowest in five years against Sing dollar By LARRY WEE [SINGAPORE] Worries over the health of Palestinian leader Yasser Arafat combined with Chinese currency comments overnight to force the US dollar sharply lower across the board in Asia yesterday. Overnight
    Source: Bloomberg  -  733 words
  • Article
    Lock icon MARKETS DIGEST
    138 1 STI 2,015.77 (+5.12) ST INDEX FUTURES 2.005.00 (+9.00) siMsa 241.92 (+0.91) SIMSa FUTURES 242.10 (unch) MARKETS Friday Change KLSECOMP 871.48 -0.54 NIKKEI 225 11.061.77 +115.50 HANG SENG 13.494.95 +125.96 SET INDEX 635.09 -4.04 JAKARTA COMP 893.63 +5.30 MANILA COMP 1,817.52 -2.69 SEOUL COMP 860.68 +9.48 SHENZHEN B 224.11
    138 words
  • Article, Illustration
    Lock icon New blood add vigour to coveted S'pore biz awards
    553 1  -  By DANIEL BUENAS [SlNGAPOßE] THE entrepreneurial spirit is alive and kicking in Singapore, if this year's Enterprise 50 award winners are any indication. Twenty-seven of the top 50 privately-held companies honoured last night at a gala dinner at Raffles City Convention
    ARTHUR LEE  -  553 words
  • Article
    Lock icon Citibank rejects investor's charges in lawsuit
    901 1  -  Bank says it had advised client of investment risks By GENEVIEVE CUA [SINGAPORE] Citibank has filed a defence in the suit brought against it by individual investor Lim Ann Nee, contending that it had advised Ms Lim of the risks of her investments at
    901 words
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  • TOP STORIES
    • Article, Illustration
      Lock icon 'Moral values' doomed the Democrats
      729 2  -  SATURDAY SOAPBOX Electoral tactician Karl Rove's brilliant strategy worked wonders for Bush CHRISTOPHER REED WHILE Democrats reel from their 3.5 million-vote defeat by President George W Bush, their liberal-moder-ate factions will continue to argue about what went wrong. But rather than politics, the party was
      729 words
    • Article
      Lock icon Orchard Road 15th priciest shopping street
      627 2  -  With rents of US$2 ,363 psm per year, it slips a notch from last year By ANDREA TAN [SINGAPORE] Orchard Road is the world's 15th most expensive shopping street. Fashion capitals New York and Paris clung to their pole positions, while Hong Kong came
      627 words
    • Article, Illustration
      Lock icon ExxonMobil may go for another petrochem plant
      690 2  -  By RONNIE LIM [SINGAPORE] American oil and gas giant ExxonMobil may be about to reinforce its position as Singapore's single-biggest foreign investor by pumping even more money in. The world's biggest energy company is considering additional spending to boost petrochemical production at its
      LIM WUI LIANG/ST  -  690 words
    • THREE-MINUTE DIGEST
      • Article
        Lock icon Overhang fears hit SingTel shares
        71 2 SINGAPORE Telecommunications shares beat a retreat yesterday as Temasek Holdings' share placement sparked fears of a massive stock overhang. Despite reporting sterling second-quarter results a day before, Sing Tel saw its stock tumble by as much as 12 cents, or almost 5 per cent, to
        71 words
      • Article
        Lock icon Buying Reits may be better than buying a property
        88 2 REAL estate investment trusts or Reits may be taking the shine off traditional property investment as most Singaporeans know it buying an apartment or house and holding it for rental income while waiting for its value to appreciate substantially. Our property
        88 words
      • Article
        Lock icon Venture posts surprise 27% drop in Q3 net profit
        76 2 CONTRACT manufacturer Venture Corporation has reported a larger-than-expected 27 per cent drop in profits for the third quarter. Profits were down at $48 million from $66 million in the same period last year. Venture attributed the lacklustre performance to a delay
        76 words
      • Article
        Lock icon STI firms at 5-year high on cashflow basis
        93 2 THK cash flows generated by the businesses of 41 component stocks of the Straits Times Index totalled $25 billion last year, 74 per cent more than five years ago. In terms of net income, the number is 12.6 billion, nearly triple that
        93 words
      • Article
        Lock icon DoCoMo buys S'pore Net firm for US$70m
        69 2 NTT DoCoMo Inc. the world's second-largest mobile phone operator, has agreed to buy a Singapore high-speed Internet service company for US$70 million, broadening the Internet services offered to its subscribers. The purchase of Intertouch (BV1) Ltd. which provides broadband service to 155 hotels
        69 words
      • Article
        Lock icon Petronas reports 66% jump in operating cash flow
        92 2 state oil company Petroliam Nasional Bhd has reported a 66 per cent rise in half-year operating cash flow, as rocketing oil prices gave it more firepower to spend on global expansion. Analysts said the figure was higher than expected, and that rating
        92 words
      • Article
        Lock icon China protests US tariff quotas on textiles
        63 2 CHINA yesterday protested against US actions to impose quotas on textiles, saying the move violated World Trade Organization (WTO) principles and would harm bilateral trade. A US committee's decision this week to widen its investigation into imports from China would "seriously hurt the
        63 words
      • Article
        Lock icon China IPO hopefuls rush to beat long 2005 queue
        95 2 A TORRENT of Chinese companies is racing to complete IPOs by the end of this year, clearing the path for what Beijing hopes will be multi-billion-dollar listings by the country's big banks in 2005. This year's haul of overseas initial public
        95 words
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      Lock icon Page 2 Advertisements Column 1
      59 2 Incorporation services in all 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: Simonne Toh T: +65 6535 3382 F: +65 6535 3991 E:
      59 words
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  • RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Banking on Asia
      2365 3  -  Asia may have its share of turmoil, but Citigroup's S'pore chief sees exciting years ahead for the region. WONG WEI KONG finds out why WONG WEI KONG HE may have joined Citigroup more than 20 years ago in New York, but Richard Stanley is really an Asian
      CHRIS LOH  -  2,365 words
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    • Advertisement
      Lock icon Page 3 Advertisements Column 1
      82 3 The Raffles Conversation is brought to you through a special arrangement with Raffles I J A I T International Hotels and Resorts. The J I I II Traveller's Palm in the Raffles International logo is an apt symbol. Not only has water INTERN AT IO NA L stored at the
      82 words
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  • COMPANY NEWS
    • Article
      Lock icon Overhang fears hit SingTel shares
      489 4  -  Price slips 9c as Temasek placement overshadows sterling Q2 results By ANGELA TAN SINGAPORE Telecommunications shares beat a retreat yesterday as Temasek Holdings' share placement sparked fears of a massive stock overhang. Despite reporting sterling second-quarter results a day before, Sing Tel, South-east Asia's largest
      489 words
    • Article, Illustration
      Lock icon Buying Reits may be better than buying a property
      1121 4  -  CORPORATE ANALYSIS Besides higher returns so far, investing in Reits is also less of a hassle than renting out apartments or selling them, says, KALPANA RASHIWALA KALPANA RASHIWALA INVESTING in real estate investment trusts or Reits may be taking the shine
      1,121 words
    • Article
      Lock icon Strong SingLand Q3 helps UIC post 121 % profit surge
      377 4  - Strong SingLand Q3 helps UIC post 121 profit surge By KALPANA RASHIWALA OFFICE giant Singapore Land says the office rental market will remain challenging given the oversupply situation, notwithstanding the gradual improvement in the sector. It yesterday posted an 86 per cent jump in Q3 net profit to $22.3 million
      377 words
    • Article
      Lock icon Legal dispute over new Wee Pon director Chandra Mohan
      308 4  -  By VINCE CHONG WEE Poh's decision to bring in lawyer Chandra Mohan s/o Rethnam as an independent director to help in legal matters has ironically led to more legal fuss, with a court injunction made against him acting as a director
      308 words
    • Article, Illustration
      Lock icon Two weeks can make a lot of difference in S'pore market
      562 4  -  STOCKS R SIVANITHY Senior Correspondent THIS time last week, everyone was wondering whether the dip in oil prices would prove sustainable, whether US President George Bush would be re-elected and, if he was, whether the stock market would rally.
      562 words
    • Article
      Lock icon SembCorp Marine's Q3 profit jumps 15%
      328 4  -  By JEAN CHUA SEMBCORP Marine has reported a 15.1 per cent rise in third-quarter net profit, thanks to demand for its ship repair and ship conversion businesses. Profit for the three months ended September came to $21.78 million, up from $18.93 million a year
      328 words
    • Article, Illustration
      Lock icon Venture posts surprise 27% drop in Q3 net profit
      462 5  -  By ROLAND LIM CONTRARY to analysts' expectations of a marginal rise in third quarter net profit, contract manufacturer Venture Corporation yesterday surprised with a 27 per cent drop in earnings. Net profit for the three months ended Sept 30 fell to
      Source: Bloomberg  -  462 words
    • COMPANY BRIEFS
      • Article
        Lock icon Temasek raises stake in Bank Danamon
        93 5 Reuters SINGAPORE investment company T emasek Holdings said yesterday it has raised its stake in Indonesian lender Bank Danamon but would not confirm media reports the increased stake was 4 per cent. The Indonesian government on Thursday sold a 10 per cent stake in
        Reuters  -  93 words
      • Article
        Lock icon Ace Infocom hopes to raise $11.8m in IPO
        54 5 CHINA telecommunications solutions provider Ace Achieve Infocom hopes to raise $11.8 million in net proceeds in an initial public offering of 82 million new and vendor shares at 20 cents apiece. The offer is split into three million public offer shares and
        54 words
      • Article
        Lock icon Stats ChipPAC selling US$165m of bonds
        45 5 Bloomberg STATS ChipPAC Ltd is offering US$l65 million of bonds, bankers involved in the sale said yesterday. The Singapore-based company is offering the seven-year bonds to yield between 6.75 and 7 per cent, the bankers said, requesting anonymity. Bloomberg
        Bloomberg  -  45 words
      • Article
        Lock icon ComfortDelGro bags M'sian bus licences
        29 5 Bloomberg COMFORTDELGRO Corp, the world's second-largest land transport company by fleet size, said it was awarded three Malaysian to offer bus chartering services. Bloomberg
        Bloomberg  -  29 words
      • Article
        Lock icon New Lakeside director resigns
        37 5 CHINA-BASED New Lakeside Holdings Ltd said Tsoi Tsun Lou has resigned as a director as of Oct 26. Its independent directors had earlier this week called for the ouster of two key directors.
        37 words
      • Article
        Lock icon Company results
        202 5 Meghmani Organics: First-half net profit rose 13.6 per cent to 151.5 million rupees (555.6 million). Group revenue jumped 48.5 per cent to 1.6 billion rupees. YeoHiapSeng: Third-quarter net profit of $3.3 million, up from $77,000. Revenue rose 7 per cent to $92 million. Ocean Sky International: Third-quarter net
        202 words
    • Article
      Lock icon Update on plans, Sias tells Vantage
      405 5  -  But firm says business moves too premature for disclosure By KENNETH LIM THE Securities Investors Association of Singapore (Sias) is asking Vantage Corp to update minority shareholders on its two-month trading suspension, but a company spokesman says attempts to look for a new business
      405 words
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  • Page 5 Advertisements
    • Advertisement
      Lock icon Page 5 Advertisements Column 1
      332 5 f^H 11 '*^rb7 i i > SOUTHERN packaging (Incorporated in the Republic of Singapore on 30 December 2003) (Company 8 Southern Packaging a Singapore company with business Guangdong the PRC. We manufacture products as films and as as packaging products as PET, PP, and HDPE bottles and caps. Our customer
      332 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Pack-hunt your way to success
      312 6  -  Firms going abroad will benefit from partnerships and branding: Vivian By DANIEL BUENAS SINGAPORE enterprises need to leverage on strong branding and "hunting in packs" in order to improve their chances of success when venturing overseas, said Senior Minister of State for Trade and Industry
      ARTHUR LEE  -  312 words
    • Article
      Lock icon Tower Club to hold wine competition
      174 6 THE Tower Club is organising a wine awards event to assemble a list of credible wine recommendations. This will be done through two blind tasting sessions by a panel of high-profile judges. The panel will consist of some of Singapore's most influential business leaders
      174 words
    • Article
      Lock icon SGX MAINBOARD
      2 6
      2 words
    • Article
      Lock icon DoCoMo buys S'pore Internet firm for US$70m
      235 6 Bloomberg [TOKYO] NTT DoCoMo Inc, the world's second-largest mobile phone operator, agreed to buy a Singapore high-speed Internet service company for US$7O million, broadening the Internet services offered to its subscribers. The purchase of Intertouch (BVI) Ltd, which provides broadband service to 155
      Bloomberg  -  235 words
    • Article
      Lock icon Accident reporting streamlined by motor insurance industry
      336 6  -  By SAMUEL EE A FORM for drivers to fill in after an accident similar to those used in Europe for 30 years is one of the three initiatives the motor insurance industry has introduced to make its practices more efficient and easier to
      336 words
    • Article
      Lock icon Structural unemployment still a worry: PM
      416 7  -  Ageing workforce and competition from China, India compounding matters By CHUANG PECK MING EVEN as the jobless rate has fallen sharply to a three-year low of 3.4 per cent, Prime Minister Lee Hsien Loong yesterday warned that structural unemployment will increasingly be a problem.
      416 words
    • Article, Illustration
      Lock icon 7 foreigners honoured for public service
      208 7 PRESIDENT SR Nathan presented public service awards to seven international investors at the Istana yesterday, in recognition of their personal contribution to Singapore. The highest accolade was given to former Royal Dutch/Shell president Lodewijk van Wachem, who was conferred The Honorary Citizen Award. Mr
      ONG CHIN KAI/ST  -  208 words
    • Article
      Lock icon Arsenal's home project finds 10 buyers at launch
      321 7  -  By VINCE CHONG LONDON project VizioN7 the first of four residential projects spearheaded by English soccer club Arsenal sold about 10 homes when it was launched at the Hilton yesterday. In so doing, it has notched the same level of sales that
      321 words
    • Article
      Lock icon CPG, S'pore Piling clinch Bangalore housing deal
      185 7 CPG Consultants (CPG) and Singapore Piling Civil Engineering have jointly clinched a deal to design and build a 2.6 million sq ft residential development in Bangalore. The contract, signed with Whitefield Shelters of Bangalore, is for a 13-hect-are site in Whitefield, close to
      185 words
    • Article
      Lock icon Sgx
      1887 7 Transaction Date: Nov 5 MOST ACTIVE STOCKS VOLUME SingTel 15c 357.380.000 SingTel 10 30.417.700 ChinaAvOil 5c 29.983.000 Bio-Treat HK40c 29.777.000 Petra 10c 25.879.000 Capita Land 18.707.000 Cosco Corp 20c 18.627.000 Noble Grp HK25c 12.658.000 ComfortDelgro 25c 10.886.000 Anwell 1c 10.559.000 VALUE SingTel 15c 843.565.408 SingTel 10 71.788.780 DBS Grp
      1,887 words
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  • PERSONAL INVESTMENT
    • BROKERS' TAKE
      • Article, Illustration
        Lock icon Sunningdale Precision Industries
        196 8 Nov 5 dose: 75.5 cents CITIGROUP SMITH BARNEY, Nov 5 GREATER than expected gross margin contraction at plastics firms due to resin price increases has prompted us to downgrade Sunningdale to "sell/high risk" from "buy" with a 90 cents target price. Negative data points have emerged earlier
        Source: Bloomberg  -  196 words
      • Article
        Lock icon Singapore Shipping Corp
        130 8 Nov 5 dose: 34 cents PHILLIP SECURITIES RESEARCH, Nov 5 SINGAPORE Shipping Corporation's 2Q05 revenue grew 27.1 per cent year-on-year (up 4.5 per cent quarter-on-quarter) to $26.5 million. Net profit was up 160.9 per cent (down 4.8 per cent quarter-on-quarter) to $6.1 mil- lion. PBT (profit before
        130 words
      • Article
        Lock icon Boustead Singapore
        6 8  -  Compiled by KENNETH LIM
        6 words
    • TRADES TO WATCH
      • Article
        Lock icon HK tycoon Lim Por Yen raises deemed stake in Media Asia
        114 8 ONE of Hong Kong's richest men, Lim Por Yen has raised his deemed stake in newly-listed Sesdaq company Media Asia Entertainment Group through holding vehicle Skymaster International Inc (SII) to 38.16 per cent. In separate announcements yesterday. Media Asia
        114 words
      • Article
        Lock icon SM Summit chairman buys 115,000 more shares
        115 8 CHAIRMAN, managing director and CEO of SM Summit Holdings Lee Kerk Chong has bought 115,000 more shares at 13.6 cents each in the audio and video compact disc maker, raising his substantial stakeholding to 6.02 per cent from about 6 per cent previously.
        115 words
      • Article
        Lock icon Hartford substantial shareholder lowers stake
        83 8  -  Compiled by VINCE CHONG HARTFORD Holdings substantial shareholder Kok Fook Hong has pared down his substantial stake in the education services provider to 5.38 per cent, from 5.63 per cent previously. The sale in the open market resulted in Mr Kok's direct shareholding dipping to
        83 words
    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      1003 8 For week beginning Nov 1 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS Subuntlal Buy Mo of Price SHAREHOLDING Trans Shareholder Sell Shares for Before After Stock Pate Mrottor Conv '000 Shf S (000) (*000) Tai Sin Elect 4-Nov-04 Lin Chen Mou Buy SO 0.13 0 0.00 50 0.02 Armstrong 4-NOV-04
      1,003 words
    • Article, Illustration
      Lock icon A five-year high for STI companies
      1290 8  -  Rise in cashflow points to increased efficiency but the sign of pricing pressures is of concern TEH HOOI LING Senior Correspondent SO the Straits Times Index has hit a fouryear high this week. But in terms of the companies' fundamentals, how do they compare
      1,290 words
  • Page 8 Advertisements
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      Lock icon Page 8 Advertisements Column 1
      41 8 Insiders' trades. Brokers' recommendations. Dividend table. The pages also cover transactions by directors and 1/1 substantial mm h shareholders. Mm In other words, HS 9 news you can use. IB lite Si JL» -Q i »ll Vj |j I\{j 1 *^1
      41 words
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  • DBS INVESTMENT ROUNDTABLE
    • Article, Illustration
      Lock icon Whither currencies?
      2908 9 OVERVIEW: Corporate treasurers in Singapore must be getting worried about the recent pickup in US dollar weakness, especially since they must have already prepared their budgets for 2005 by now. Over the past 24 hours, we have seen the US dollar register fresh lows not seen in more
      2,908 words
  • Page 9 Advertisements
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      Lock icon Page 9 Advertisements Column 1
      41 9 a 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
      41 words
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  • NETWORK SINGAPORE
    • Article, Illustration
      Lock icon Behind the samba
      1801 10  -  LETTER FROM BRAZIL TAY KIM HOCK looks back on the challenges he faced when he was posted to Rio de Janeiro to help start what is now one of Latin America's leading shipyards TAY KIM HOCK THE whole nation was mesmerised for a month in June 2002
      1,801 words
    • Article
      Lock icon STOCKS ASIA
      2 10
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  • Page 10 Advertisements
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon The world will see a different US
      1457 11  -  America will likely demand several more years of US-centric global growth. But the world may balk at that, says STEPHEN ROACH STEPHEN ROACH America has spoken. And while the election outcome was close, the verdict was decisive. The recent past could well be
      AP  -  1,457 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      34 11 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
      34 words
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  • Page 12 Advertisements
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      Lock icon Page 12 Advertisements Column 1
      332 12 is lllltflllll mm HH|H mn mnnmnmn imi im/^m r Bi jHHf f 'v; 2004 mmgm^^/m^^^mmgagnm THE TENTH YEAR -jK v 4,» MK' i M 1. Stnoying Singapore 14. Eastern Navigation 27. Sitra Holdings (International) 40. Asia Polyurethane Mf g 2. APS Asset Management 15. Amanda Foods 28. atoa Environmental Technology
      332 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Petronas surprises with 88% rise in H1 earnings
      589 13 66% increase in operating cash flow may lead to its debt ratings upgrade Reuters [KUALA LUMPUR] Malaysia's state oil company Petroliam Nasional Bhd yesterday reported a 66 per cent rise in half-year operating cash flow, as rocketing oil prices gave it more
      Reuters  -  589 words
    • Article
      Lock icon Indon businessman jailed 20 years
      183 13 AFP [JAKARTA] An Indonesian court has sentenced a director of a business group to 20 years in prison for a multi-million dollar fraud at a state bank, an official said. Judges at the South Jakarta district court found John Hamenda a director for companies under
      AFP  -  183 words
    • Article
      Lock icon Jakarta seeks deal on US$299m Karaha claim
      182 13 Bloomberg [JAKARTA] Indonesia is seeking an out-of-court settlement to reduce the US$299 million claim made by Karaha Bodas Co against state oil company PT Pertamina over a power project cancelled in 1998 at the height of the Asian financial crisis. Karaha, owned by
      Bloomberg  -  182 words
    • Article
      Lock icon Maybank profit seen up 28% in first quarter
      484 13 Earnings may be boosted by growth in Islamic banking Reuters [KUALA LUMPUR] Malaysia's biggest lender Malayan Banking Bhd should post a 28 per cent rise in first quarter profit next week, helped by growth in Islamic banking and feepaying businesses from broking
      Reuters  -  484 words
    • Article
      Lock icon Jakarta to sell 20% more of Bank Permata
      242 13 Reuters [JAKARTA] Indonesia hopes to sell a further 20 per cent in Bank Permata worth about US$l2O million by the second week of December, two months after it sold a 51 per cent holding to a consortium led by Standard Chartered. The
      Reuters  -  242 words
    • Article, Illustration
      Lock icon Rupiah seen stabilising at 9,000 to US$
      236 13 Bloomberg [JAKARTA] Indonesian central bank governor Burhanuddin Abdullah said the rupiah is "stabilising" at about 9,000 against the US dollar, failing to rise because of demand for the US currency to make overseas debt and import payments. Indonesia, a member of the Organisation
      Bloomberg; REUTERS  -  236 words
    • Article
      Lock icon KUALA LUMPUR STOCK EXCHANGE
      4 13
      4 words
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  • GREATER CHINA/INDIA
    • Article
      Lock icon Beijing Olympics to start at 8pm on 8-8-08
      213 14 AFP [BEIJING] The Beijing Olympic Games will be steeped in Chinese superstition, with the opening ceremony to start at the numerically auspicious time of 8.00 pm on Aug 8, 2008, a report said yesterday. Beijing Mayor Wang Qishan made the announcement during
      AFP  -  213 words
    • Article
      Lock icon Chinese IPO hopefuls rush to beat long 2005 queue
      540 14 Market on track to exceed US$10b before big financial sector IPOs in '05 Reuters [HONG KONG] A torrent of Chinese companies is racing to complete IPOs by the end of this year, clearing the path for what Beijing hopes will be
      Reuters  -  540 words
    • Article
      Lock icon JPMorgan has plans to expand in India: CEO
      485 14 Next step is retail services, says another official Bloomberg [TOKYO] JPMorgan Chase Co chief executive officer William Harrison said he plans to expand in India, where the government and local companies sold a record US$7.l billion of stock this year and competitors
      Bloomberg  -  485 words
    • Article, Illustration
      Lock icon China protests US tariff quotas on textiles
      304 14 AFP [BEIJING] China yesterday protested against US actions to impose quotas on textiles, saying the move violated World Trade Organization (WTO) principles and would harm bilateral trade. A US committee's decision this week to widen its investigation into imports from China would "seriously
      AFP; AP  -  304 words
    • Article, Illustration
      Lock icon HOW MUCH IS THAT DINO IN THE CAGE?
      30 14 [SYDNEY] Chinese artist Sui Jinguo 's fibreglass and steel creation installed at the 'Sculpture by the Sea' exhibition atßondi here yesterday. REUTERS
      REUTERS  -  30 words
    • Article
      Lock icon Bharti plans to double cellphone coverage in India
      398 14 Bloomberg [MUMBAI] Bharti Tele-Ven-tures Ltd, India's secondbiggest mobile-phone service provider and in which Sing Tel holds a 28 per cent stake, said it plans to double the number of cities and towns it covers by the end of March as it competes
      Bloomberg  -  398 words
    • Article
      Lock icon Hughes Software to get more Flextronics business
      412 14 Bloomberg [NEW DELHI] Hughes Software Systems, an Indian software developer that writes code for telecoms companies such as Nokia Oyj and NEC Corp, will get as much as 15 per cent of its revenue from new parent Flextronics International within two years. "We
      Bloomberg  -  412 words
    • Article
      Lock icon Apollo to repay 160m rupee debt
      230 14 Bloomberg INEW DELHI] Apollo Hospitals Enterprise, India's largest healthcare company, plans to repay debt of 160 million rupees (555.9 million) using proceeds from a share sale to a unit of Singapore's Temasek Holdings. Chennai-based Apollo will make the payment this fiscal year ending March
      Bloomberg  -  230 words
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  • ASIA-PACIFIC/WORLD
    • Article
      Lock icon Harvard comes out tops among global universities
      474 15  -  NUS is 18th overall and 3rd in Asia; Tokyo University is No 1 in Asia By NANDE KHIN [SINGAPORE] America's oldest university, Harvard, has emerged tops in a ranking of the world's best 200 universities, while the National University of Singapore is rated
      474 words
    • Article
      Lock icon Movie makers gear up to sue online pirates
      359 15 Bloomberg [WASHINGTON] Walt Disney Co, Time Warner Inc's Warner Bros and other movie companies will follow the lead of the recording industry by suing people who illegally swap films over the Internet in an effort to staunch piracy. The Motion Picture Association
      Bloomberg  -  359 words
    • Article, Illustration
      Lock icon Gauguin, Modigliani fetch record prices
      194 15 AFP [NEW YORK] An 1899 work by French painter Paul Gauguin and a portrait by Italian artist Amadeo Modigliani sold for over US$3O million apiece at Sotheby's auction house in New York on Thursday, the highest prices ever recorded for works by the two artists.
      AFP; AFP PHOTOS  -  194 words
    • Article
      Lock icon US adds 337,000 jobs in Oct, exceeding forecasts
      389 15 Bloomberg [WASHINGTON] US employers added 337,000 workers in October, exceeding forecasts with the biggest gain since March, boosted by a hurricane-re-lated jump in construction and suggesting companies are confident record oil prices won't erode demand. The jobless rate rose to 5.5 per
      Bloomberg  -  389 words
    • Article
      Lock icon Prudential queried by US watchdogs
      159 15 Bloomberg [NEW YORK] Prudential Financial Inc, the secondlargest US group life insurer, said it has received information requests from the Attorneys General of New York and Connecticut as well as the US Department of Labor and the Securities and Exchange Commission. The requests were related
      Bloomberg  -  159 words
    • Article
      Lock icon Morgan Stanley overvalued aircraft, bonds in results: SEC
      292 15 Reuters [WASHINGTON] The US Securities and Exchange Commission said on Thursday that financial services group Morgan Stanley misstated financial results in several quarters from late 2000 to early 2003 by overvaluing certain aircraft and high-yield bonds. The SEC said Morgan agreed to
      Reuters  -  292 words
    • WORLD WATCH
      • Article
        Lock icon Goodyear expects profitable Q3
        65 15 Reuters [NEW YORK] Goodyear Tire Rubber Co said yesterday it will report a third-quarter profit, reversing a year-earlier loss, due to improved pricing of its products and higher sales. The Akron, Ohio-based tyre maker said quarterly earnings per share could be between 19 US cents and
        Reuters  -  65 words
      • Article
        Lock icon Walkout by UK civil servants
        54 15 AP, [LONDON] Museums were closed and ministerial cars went unwashed yesterday when British civil servants staged their biggest strike in more than a decade. The union representing civil servants said 200,000 workers took part in a walkout to protest against government plans to axe more
        AP,  -  54 words
      • Article
        Lock icon Warning from US audit guardian
        69 15 Reuters [BOCA RATON, Florida] The regulator of the US accounting industry on Thursday warned companies to be prepared to answer tough investor questions if their auditors stamp a bad grade on how they maintain their internal controls. Corporate America faces a Nov 15 deadline under
        Reuters  -  69 words
      • Article
        Lock icon Thai central bank to raise funds
        122 15 Bloomberg [BANGKOK] Thailand's central bank plans to cut its controlling stake in three state-run lenders including KrungThai Bank Pel, Thailand's second-largest bank, and use the proceeds to cover losses at a bank bailout fund. The central bank will also reduce its stake in Bank
        Bloomberg  -  122 words
      • Article
        Lock icon Ayala Corp's Q3 profit jumps 20%
        85 15 Bloomberg [MANILA] Ayala Corp, the largest Philippine holding company, had a 20 per cent gain in third-quarter profit, boosted by earnings at banking unit Bank of Philippine Islands. Profit rose to 960 million pesos (5528.2 million) from 800 million pesos a year ago. The
        Bloomberg  -  85 words
      • Article
        Lock icon End of era for UK's Cazenove
        67 15 AFP [LONDON] Cazenove said yesterday it has agreed to hive off its investment banking business into a joint venture with JP Morgan Chase and Co, in effect ending the independence of the 181-year-old British bank. The US financial giant will pay Cazenove £110 million
        AFP  -  67 words
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  • HEALTH
    • Article, Illustration
      Lock icon secondopinion
      1329 16 your health questions answered My grandfather has been advised to undergo liver surgery. He is an alcoholic. If he stops drinking, is it possible to avoid surgery? And if so, what other alternative treatment can he try?—Cheryl Lau Why was your grandfather advised to undergo surgery? Was it because
      FILE PHOTO; CHRIS LOH  -  1,329 words
    • Article, Illustration
      Lock icon Living hope
      1264 17  -  Living donor liver transplants offer away around the long and often futile wait for a donor liver. But be prepared for a difficult and risky procedure. TAN SU YEN reports TAN SU YEN ORGAN donation has been actively encouraged for years in Singapore. Yet, for the majority of
      ARTHUR LEE  -  1,264 words
    • Article, Illustration
      Lock icon Returning to a normal life
      257 17 DOES life ever return to normal after a liver transplant? For the donor, it certainly does, and quite quickly, too. According to Dr K C Tan, consultant surgeon for Hepatobiliary/Transplant at Parkway Hospitals Singapore, donors typically take supplements for six months after the transplant and
      FILE PHOTO  -  257 words
  • Page 16 Advertisements
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      35 16 t&mk ft^-twfl^HßflM^ TWO SINGAPOREAN ICONS Both are an integral part of the Singapore landscape. Both are recognised by Singaporeans. Both are viewed as symbols of Singapore the world over. But only one has OUR newspaper
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      27 16 If you have any health-related questions, email mrc6parkway.com.sg, fax: 6732-6733, or write to MRC, Parkway Group Healthcare Pte Ltd, 302 Orchard Road, Tong Building #16-01/02/03, Singapore *****2
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  • Page 17 Advertisements
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      383 17 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 tertiary care. Over 60% of them are t seen by specialists from one of our Over 1,200 specialists of international standards; -j
      383 words
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  • WELLNESS
    • Article
      Lock icon The skin doctor is in
      386 18  -  Pampering, dermatology and cosmetic surgery converge at new spa entrant Medspa. CHEAH UI-HOON reports CHEAH UI-HOON THE concept of a "medical spa" has been bandied about recently, as spas and cosmetic surgery nudge closer to each other in this competitive age. When a few top-of-the-line
      386 words
    • Article, Illustration
      Lock icon Serious, safe skincare
      331 18 THE Hanna Isul skincare line has made its rounds among cosmetic surgery circles in the US, Japan and Korea, even though it might be new to consumers here. Developed by a Korean-American aesthetician, Myong Chong, the skincare line is noted for its two patented formulas: Hanna Isul's
      331 words
    • Article, Illustration
      Lock icon Jean Yip opens its first spa at suburban mall
      321 18  -  By CHEAH UI-HOON SPA offerings are slowly but surely getting within reach of suburbanites, now that companies like Jean Yip are making use of mall space in the heartland to expand their services. As beauty companies shift from oneproduct salons to
      321 words
  • Page 18 Advertisements
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      412 18 H^^^^^^^^^^^^Tj^drerti»^alHolHre^80^8^&822^mallMiotkes#»phjCom^8g Goodwood Park Hotel Limited (Company Registration Number: *****0135H) (Incorporated in Singapore) DESPATCH OF EXIT OFFER LETTER AND ACCEPTANCE FORMS The directors (the "Directors") of Goodwood Park Hotel Limited (the "Company") refer to the formal proposal by Dumont Re. Ltd. (the "Offeror") in relation to the voluntary delisting of the
      412 words
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      34 18 Lianhe Zaobao I Local I I interbank I r ,e uD I I but I' I I banks' deposit I I interest rates I I still at their I I lowest I I I
      34 words
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      22 18 /7\ &s i I ~/ff er^n S childcare services? Call our C.A.T.S. hotline at 1800-289-9988. Buy it Sell it Find it 5
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  • Page 18 Miscellaneous
    • Miscellaneous
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      198 18 CRYPTIC CROSSWORD 2 Taking stock? (8) 14 Thump ing round mass use- YESTERDAY'S SOLUTION 3 fesdotHS) Acn** BMhday cake. 8 Oiled, 9 4 About time to stnn patinn? 15 First and second for example, Rep a,nted, 11 Amazement. 12 Give me TbreakU6) 9 1" ?T (8) D °y en 13
      198 words
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  • MOTORING
    • Article, Illustration
      Lock icon Extreme makeover
      702 19  -  The ugly-duckling Opel Astra has been transformed into a beautiful swan, writes SAMUEL EE SAMUEL EE WOE is me. That German icon of motoring that I have worshipped since before I could drive is in danger of being replaced as the standard against which all hatchbacks are measured.
      702 words
    • Article
      Lock icon Return of the hot hatch
      199 19  -  By SAMUEL EE A SOUPED-UP version of the Opel Astra is also available for those who want to relive the good old days of the hot hatch. The five-door Astra 2.0 Turbo has 200 hp driving the front wheels. Thanks to the light pressure turbo,
      199 words
    • BRAVE NEW WHIRL
      • Article
        Lock icon 6 appeal
        111 19 AN exclusive event for BMW 6 Series owners which was held last night at the classy ModLiving furniture showroom was graced by none other than design director Chris Bangle. The head of BMW Group's design department had arrived on Thursday for dinner with CEOs of major Singapore companies.
        111 words
      • Article
        Lock icon Swift taxi ride
        74 19 PRECISION stunt driver and reverse spin record holder Russ Swift will be performing at the Singapore Motorshow 2004 again but this time, he will also be offering taxi rides to a few lucky Subaru customers. Customers who register with Subaru on a first-come-first-served basis will get to
        74 words
      • Article
        Lock icon Yamaha engines for Volvo SUVs
        68 19 JAPAN'S Yamaha Motor Co will begin supplying engines to Volvo for use in the Swedish carmaker's next version of its popular XC90 sports-utility vehicle (SUV). Yamaha is the world's second-largest motorcycle maker and it will provide the Ford-owned Volvo with a 4.4-litre V8 engine, according
        68 words
      • Article
        Lock icon Chevrolet rolls out Optra5 hatchback
        88 19  -  Compiled by SAMUEL EE CHEVROLET has launched the sporty five-door version of its Optra family sedan. The Optra5 hatchback (below) was unveiled at Sentosa yesterday together with a Corvette and a Super Sports Roadster (SSR). The Optra5 has a sporty interior and a 1.6-litre engine
        88 words
    • Article, Illustration
      Lock icon Golf GTI a right hole-in-one
      540 19  -  By JOE YEO YOU could say the original Golf GTI was the rightful creator of the hot-hatch genre. Not before the nippy little Volkswagen was there a car that exploited handling and performance in such an affordable and practical package. Now, 28 years and four
      540 words
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  • SHOPPING
    • Article, Illustration
      Lock icon New faces
      975 20  -  Festive shopping promises to be more fun with London's Molton Brown and New York's Kiehl's and Tony Tina opening new stores and counters over the next few weeks, says CORINNE KERK CORINNE KERK IT is seven weeks before Christmas, but the shopping at least where skincare and beauty
      975 words
    • IN STORE at the malls
      • Article, Illustration
        Lock icon Matching look
        40 20 bag and shoe from Pedro Miralles of Spain. Both are made of fabric and leather, with embroidery and silver metal rings for accent. The single-strap handbag costs $269 while the shoes are $189. Available at Hue, including Scotts.
        40 words
      • Article, Illustration
        Lock icon Vase difference
        67 20 WHEN you have a vase like this, who needs flowers? From Germany, the Elena hand-made flower vase features a relief of an avant-garde face and is elegant enough to double as a modern art piece. The transluscent glass vase measures 33cm in height and comes with a smaller
        67 words
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        Lock icon Face it
        18 20 NATURE'S the best defence in our fight against harmful environmental effects. So it's'not surprising that with
        18 words
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        Lock icon Talk Shop
        45 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. Compiled by MIKE CHUA
        45 words
    • Article, Illustration
      Lock icon Showing Proof
      640 20  -  By CORINNE KERK THE one good thing that happens when brands represented by upmarket furniture retailers are swopped, is that they tend to get a new lease of life. This appears to be the case at Poltrona Frau, an Italian leather upholstery specialist established in 1912. Formerly carried
      640 words
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  • PURSUITS
    • Article, Illustration
      Lock icon Living with Filipino art
      1038 21  -  PERSONAL SPACE BBC presenter Rico Hizon's passion about Filipino art is not confined to collecting the works and displaying them at home. He has even created websites to promote his country's artists, he tells GEOFFREY EU GEOFFREY EU WHEN he's not at work, Rico Hizon spends
      CHRIS LOH  -  1,038 words
  • Page 21 Advertisements
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      982 21 wine&dine withweekendßT Andre (BYO) French Restaurant > Kuali The Asian Kitchen Plaza Parkroyal Siamese Fins Restaurant 66 TanjongPagar Road. TeL *****548 Level 1 Suntec Singapore International 7500 A Beach Road 45 Craig Road (Tanjong Pagar) 'Casual French Dining' is the tagline of this charming Convention and Exhibition Centre. TeL *****075
      982 words
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  • FOOD
    • Article, Illustration
      Lock icon Attack of the killer pizza
      1890 22  -  A slew of Italian pizzerias have pitched camp around town, serving up deliciously authentic fare. GEOFFREY EU gets a piece of the action GEOFFREY EU A PIZZA a day will keep the diet hounds at bay, but if you're more interested in feasting on Old
      PHOTOS OF DONATO MAZZOLA AND GIOVANNI VITALE BY ARTHUR LEE  -  1,890 words