The Business Times, 20 November 2004

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Microfilm: NL25860
Total Pages: 22
1 22 The Business Times
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  • Title Section
    Lock icon Masthead
    18 1 THE BUSINESS TIMES weekend SINGAPORE 85 cents MCAfftIBMBaOM November 20-21 2004 online 3t http business times asulcom sq
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  • Article
    Lock icon S'pore climbs mobile phone value chain
    511 1  -  Industry heavyweight Motorola picks it for a special role By AMIT ROY CHOUDHURY [SINGAPORE] Motorola, the world's second largest mobile phone maker, yesterday announced the inauguration of a research and development centre for 3G phones here, making Singapore the first Motorola centre worldwide to
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  • Article
    Lock icon Hospitality industry looks to another major event
    601 1  -  S'pore is host to 2009 Apec meetings By ANNA TEO in Santiago SINGAPORE'S convention and hospitality sectors are in for another boost. The Republic has been named host of the 2009 Asia-Pacif-ic Economic Cooperation (Apec) ministerial meetings a job that brings with it
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  • Article
    Lock icon MARKETS DIGEST
    139 1 Dsn 2.03&21 (+5.59) ST INDEX FUTURES 2.042.00 (unch) SIMSCI 241.79 (+0.66) SIMSCI FUTURES 241.60 (+0.40) MARKETS Friday Change KLSE COMP 897.03 -7.45 NIKKEI 225 11,082.84 +0.42 HANG SENG 13,787.68 -12.14 SET INDEX 651.50 +4.57 JAKARTA COMP Closed MANILA COMP 1,795.59 -22.05 SEOUL COMP 867.03 -8.81 SHENZHEN B 241.43
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  • Article
    Lock icon CONTENTS
    45 1 TOP STORIES PG2 COMPANIES... PG 4-6 S'PORE NEWS.... PG 9 ECONOMY PG 11 MSIA/INDON... PG 12 CHINA PG 13 INDIA PG 13 ASIA PACIFIC ...PG 14 WORLD PG 15 HEALTH PG 16-17 WELLNESS PG 18 MOTORING PG 19 SHOPPING PG 21 FOOD PG 22
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  • Page 1 Advertisements
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      Lock icon Page 1 Advertisements Column 1
      23 1 tf.^JHEbl 85 certs T|APURISTS jj A genteel afternoon past-time "wf j gora back to basics pg 22 fk. WHAT'S UP, JARDINE? pg 6
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      123 1 aSjngqnrecfyfilktars go jungle-bashing in Malaysia pg 19 INVESTMENT ROUNDTABLE How to ride out the currency swings pg 8 talks dbout th 6 challcncjss the na/oplcJ s -> v awkw H T J L L_M jjiHli J* 11 •*%'«s<»i- I "g® ilatili f «|;uy}y Mt *4 t "WWlfM^l <r* *4iUJimhllß^^hlß ik
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      10 1 MOVERS ft SHAKERS World's most respected companies and CEOs PG2
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  • TOP STORIES
    • Article
      Lock icon PSA loses out in bid for stake in HK terminal
      530 2  -  Sun Hung Kai outbids Singapore port operator by HK$900m By DONALD URQUHART [SINGAPORE] PSA International's attempt to gain a much desired foothold in Hong Kong's Kwai Chung container port has been thwarted by Sun Hung Kai Properties, which outbid the
      530 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      772 2 Market darling Hyflux seems heavily overpriced THERE'S a price for everything and the market may be paying over the top now for the shares of water-treatment specialist Hyflux Ltd. A relentless surge over the past month has taken the stock well past its fair value, leaving market players
      772 words
    • Article, Illustration
      Lock icon GE, Microsoft win CEOs' respect for 7th year
      1348 2 915 head honchos in 25 countries cite longevity of the two companies' achievement FOR the past seven years, General Electric, followed by Microsoft, have topped the Financial Times' world's most respected companies survey, says the London financial daily in a special report.
      1,348 words
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      64 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:+6s 6535 3382 F:+6s 6535 3991 E: singapore@ocra.com.sg 24
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      45 2 I I I i educational courses? f < I ir i Reach out to more readers by advertising in The Straits Times Classified. Call our C.A.T.S. hotline at 1800-289-9988 and our f friendly sales personnel will serve you. I !i Buy It Sell It. Find It
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  • RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Stancharting through Asia
      1831 3  -  Standard Chartered Bank chairman Bryan Sanderson talks to VIKRAM KHANNA about the ambitions and challenges facing the world's premier "emerging markets bank" VIKRAM KHANNA WHEN a bank as venerable and steeped in tradition as Standard Chartered looks for a new chairman, you might expect that the individual
      ARTHUR LEE  -  1,831 words
    • Article
      Lock icon A passion for public service
      550 3 HAVING worked as a volunteer teacher in his twenties, been chairman of the UK's Learning and Skills Council where he oversaw nonuniversity adult education programmes after retiring from BP, and had a lifelong interest in the aspirations and problems of the developing world, Bryan Sanderson
      550 words
  • Page 3 Advertisements
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      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
      66 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Is market darling Hyflux over-priced?
      585 4  -  Chase for stock after breakthrough deal has sent it way above its fair value By WONG WEI KONG THERE'S a price for everything and the market may be paying over the top now for the shares of watertreatment specialist Hyflux Ltd. A relentless surge over
      Source: Bloomberg  -  585 words
    • Article
      Lock icon ComfortDelgro Days £6m for UK bus company
      353 4  -  By SAMUEL EE COMFORTDELGRO's appetite for acquisitions in the UK seems to be growing as the transport giant yesterday announced it had paid £6 million for a bus and coach operation. Currently, British bus operations account for virtually all of the transport giant's
      353 words
    • Article
      Lock icon SGX MAINBOARD
      6 4 Transaction date: Nov 19
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    • Article
      Lock icon Optus, Vodafone to share 3G network
      311 5  -  Services expected to be launched in third quarter next year By ANGELA TAN AS the race heats up to launch third-gener-ation (3G) phone services, Singapore Telecommunications' Australian unit, Optus, and Vodafone Group formed a 50:50 alliance to build a high-speed wireless phone network in
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    • Article, Illustration
      Lock icon Another schizoid week for the STI
      528 5  -  STOCKS R SIVANITHY Senior Correspondent IF it isn't oil prices, it's the dollar. Failing which, there's always the faltering US economy. Some might even say that all three of these stock market worries are intertwined a flagging US economy that hasn't been fully resuscitated
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    • COMPANY BRIEFS
      • Article
        Lock icon Creative signs USsl7sm loan facility
        43 5 CREATIVE Technology yesterday signed a five-year US$l75 million syndicated term loan facility with ABN Amro and nine other international banks. The loan will be used as working capital to fund Creative's expansion into the personal digital entertainment market.
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      • Article
        Lock icon C&P Hldgs' stake in CWT goes up to 74%
        75 5 TRANSPORT and packaging group C&P Holdings Pte Ltd now owns 74.19 per cent of mainboard-listed CWT Distribution. This came after its mandatory cash offer for the remaining CWT shares it did not own closed with valid acceptances representing a 19.05 per
        75 words
      • Article
        Lock icon A-Reit's ATM tranche sold out in 25 minutes
        82 5 ASCENDAS-MGM Funds Management Limited, the manager of Ascendas Real Estate Investment Trust (A-Reit), said the 37.5 million new A-Reit units under the ATM offering tranche of its equity fund-raising exercise has been fully subscribed at $1.55 per new unit within 25 minutes
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      • Article
        Lock icon Connexion by Boeing links up with Star Hub
        69 5 CONNEXION by Boeing, a business unit of The Boeing Company, and Star Hub, Singapore's integrated infocommunications provider, said they have reached a definitive associate service provider agreement that adds the Connexion by BoeingSM high-speed Internet service to Star Hub's wireless broadband services
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    • Article
      Lock icon Sgx
      4118 5 Transaction Date: Nov 19 STRAITS TIMES INDEX STOCKS Stodc name Mft dose Change Stock name Wt dose Change Stock name Wt dote Change Allgreen 50c 0 28 1-000 -0.020 HKUndUSIOc 2.91 2.280 *0.010 STEngglOc 1.63 2.150 +0 010 BIL Intl US20c 0.44 0.955 +0.010 Haw Par Corp 0.46 4.960
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    • Article, Illustration
      Lock icon What's behind share rally, Jardine?
      953 6  -  CORPORATE ANALYSIS Stocks in the Jardine stable have been outperforming themselves this year. ANGELA TAN tries to find out why ANGELA TAN WHAT goes up must come down. Yet, Hong Kong-based Jardine group of companies appear to defy gravity, with most of the stocks in
      Ben cruz  -  953 words
    • Article, Illustration
      Lock icon ST Aero delivers first of 5 Lufthansa freighters
      517 6  -  Fresh maintenance deals from German airline on the cards By DONALD URQUHART ST Aerospace and Boeing Co yesterday delivered the first of five MD-11 freighters converted from passenger aircraft for giant Lufthansa Cargo, which said it may be sending further business to
      517 words
    • Article
      Lock icon STOCKS ASIA
      6 6 Transaction date: Nov 19
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  • PERSONAL INVESTMENT
    • Article, Illustration
      Lock icon BROKERS' TAKE
      538 7  -  Complied by QUAK HIANG WHAI A-Reit Nov 19 dose: $1.61 OCBC INVESTMENT RESEARCH, Nov 19 A-REIT has announced the details of its cash call. $400 million is to be raised via new units and a total of 258.1 million new units is to be issued at a price
      Source: Bloomberg  -  538 words
    • TRADES TO WATCH
      • Article
        Lock icon QAF raises stake in PSC Corp
        135 7 FOOD manufacturer and distributor QAF's deemed stake in grocery supplier PSC Corporation has been raised to 19.26 per centfrom 18.21 per cent. This was after a series of open market buys by QAF's wholly owned subsidiary Pemscorp Pte Ltd on Thursday. No price was
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      • Article
        Lock icon Deemed interest up for Cosco independent director
        74 7 MEMBER of Parliament Wang Kai Yuen's deemed interest in Cosco Corporation has been raised to 0.031 per cent from 0.022 per cent. Dr Wang's wife, Mina Chan Sze Ming, had bought 100,000 shares in Cosco on Thursday at 1.17 apiece. Dr Wang is
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      • Article
        Lock icon UOL boosts its holding in Hotel Plaza
        59 7 UNITED Overseas Land strengthened its hold on Hotel Plaza, upping its direct stake in the hotel operator to 76.08 per cent from 76.04 per cent. UOL bought 143,000 shares in Hotel Plaza on Wednesday for an average price of 67 cents each. The
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      • Article
        Lock icon Fund manager adds to deemed stake in Venture
        57 7 FUND manager Aberdeen Asset Management Asia Ltd's deemed stake in Venture now stands at 6.27 per cent from 5.98 per cent. This came after the purchases of 772,000 units through a series of transactions this week at an undisclosed price. Ventures's shares
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    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      1081 7 For week beginning Nov 15 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS Subsantial iuy No of Prke SHAREHOLDING Trans Shareholder Sail Shares Par Before After Stock Date Director Cony '000 Shr S C000) COOP) Elite KSB 18-Nov-04 Chew Koh Buy 2 0.10 4766 5.71 4768 5.72 QAF 18-NOV-04 Andree Halim
      1,081 words
    • Article, Illustration
      Lock icon Equity risk premium still a useful tool
      1171 7  -  SHOW ME THE MONEY TEH HOOI LING Senior Correspondent A READER who has bought a copy of the compilation of my earlier columns suggested that I update the chart in which I plotted the Straits Times Index against a crude measure of the
      Source: Compiled by BT  -  1,171 words
    • Article
      Lock icon MAS lifts suspension on two hedge funds
      531 7  -  But flagship CSA Absolute Return Fund stays under provisional liquidation By GENEVIEVE CUA [SINGAPORE] The Monetary Authority of Singapore (MAS) said yesterday that it has lifted the suspension on two hedge funds linked to a company that was under investigation for fraud. The
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  • BT INVESTMENT ROUNDTABLE
    • Article, Illustration
      Lock icon Riding currency swings
      3547 8 OVERVIEW: If you've been reading the newspapers lately, you can't miss the screaming headlines of how the US dollar has hit new lows against the euro and other currencies. How does currency fluctuation affect your investments and how best to hedge against vagaries of the currency market?
      3,547 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Amway finds S'pore great for incentive travel
      533 9  -  By VINCE CHONG DIRECT sales conglomerate Amway Corporation spends about US$l5O million annually on incentive trips to reward its top global performers, with Singapore set to reap some of the lucrative benefits as one of the US giant's preferred worldwide destinations. Amway group
      LIM WUI LIANG/ST  -  533 words
    • Article, Illustration
      Lock icon Jetstar Asia awarded Air Operator's Cert
      349 9  -  By DONALD URQUHART SOON to join the swelling ranks of budget carriers flying the region's skies, Jetstar Asia moved one crucial step closer to take-off as it received its Air Operator's Certificate. The Qantas majoritybacked airline announced yesterday that it had been awarded the
      FILE PHOTO  -  349 words
    • Article, Illustration
      Lock icon SMEs with SM Goh find the trip a sheer Turkish delight
      816 9  -  Big market beckons also covering other countries in Central Asia and Mid-East B y CHUANG PECK MING in Istanbul SMALL and medium enterprise (SME) officials accompanying Senior Minister Goh Chok Tong on his visit to Turkey have found a
      816 words
    • Article, Illustration
      Lock icon S'pore-Aussie trade up 25% thanks to FTA
      355 9  -  By ANDREA TAN BILATERAL trade between Singapore and Australia is reaching new highs since the signing of the Free Trade Agreement in February last year. Singapore's trade with Australia is up 25.4 per cent in the first nine months of the year, said
      FILE PHOTO  -  355 words
    • Article
      Lock icon Asean economic integration to get a boost at summit
      307 9  -  By CHEN HUIFEN ASEAN leaders are expected to give a further boost to economic integration as well as sign two agreements with China when they meet in the Laotian capital of Vientiane at the end of the month. The 10th Asean
      307 words
  • Page 9 Advertisements
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      Lock icon Page 9 Advertisements Column 1
      176 9 m/m CrftoD-freelSooZ»«22 laiil: Mttco#iphxMUg IN THE MATTER OF THE COMPANIES ACT CAP. 50 AND IN THE MATTER OF C.NT MARKETING PTE LTD (Incorporated in the Republic of Singapore) (INVOLUNTARY LIQUIDATION) NOTICE OF FINAL GENERAL MEETING NOTICK IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act. Cap. 50.
      176 words
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      Lock icon Page 9 Advertisements Column 2
      21 9 I I S Lianhe Zaobao B I S'porean sets up I I "S'pore-style" I I restaurant I I in Chongqing I
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  • NETWORK SINGAPORE
    • Article, Illustration
      Lock icon Happy holidays
      1261 10  -  LETTER FROM GERMANY In Germany, the party starts way before Christmas and runs right into the New Year, writes DEBRA YEO DEBRA YEO GERMANY. Land of beer, bratwurst, sauerkraut and Oktoberfest. Or so it seems. 1 started work in Frankfurt in the winter of 2001 and it certainly
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    • Article
      Lock icon UNIT TRUSTS & FUNDS
      34 10 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 10 Advertisements
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      15 10 PIMCO Total Return Bond Fund rated 5-star by Mercer Investment Consulting Aihanz Dresdner Asset Management.
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      71 10 Debra Yeo is married to a German and has been working and living in Frankfurt for almost three years. She is currently a data analyst with Exel Holdings, one of the top players in the field of global logistics. Share your experience All overseas Singaporeans working or studying abroad are
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon US$ exchange rates need adjusting
      1013 11  -  Andrew Crockett, president of JP Morgan Chase International, talks to VIKRAM KHANNA about prospects for the US dollar, Asia's reserves, China's exchange rate policy and investor interest in Asean. The following are excerpts from the discussion VIKRAM KHANNA On prospects for the US dollar: The
      FILE PHOTO  -  1,013 words
    • Article, Illustration
      Lock icon US must stem budget and trade deficits urgently: De Rato
      556 11 Otherwise, market forces will do it in a more costly way, warns IMF head Bloomberg [WASHINGTON] The Bush administration needs to cut its record budget and trade deficits or "market forces" may resolve the problem in a more costly way,
      Bloomberg  -  556 words
    • Article
      Lock icon Recovery ongoing despite current exports lull: BOJ
      337 11  -  By ANTHONY ROWLEY in Tokyo THE Bank of Japan (BOJ) acknowledged yesterday that Japan's exports and output have stalled for the moment but claimed at the same time that the overall process of economic recovery is still underway. In separate comments, however, BOJ
      337 words
    • Article
      Lock icon US committed to strong dollar: Snow
      582 11 He asks EU states to hasten reforms and boost growth Reuters [WARSAW] US Treasury Secretary John Snow reiterated on Thursday that the Bush administration backed a strong US dollar, even as the currency hit a record low against the euro, and he kept up
      Reuters  -  582 words
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  • MALAYSIA
    • Article
      Lock icon DRB-Hicom shares rise as tussle ends
      555 12 Nasimuddin reportedly beats Syed Mokhtar to 15.8% stake in conglomerate Bloomberg [KUALA LUMPUR] Shares of DRB-Hicom Bhd rose after the New Straits Times reported a group led by Naza Group managing director Nasimuddin Amin won a bid to buy a stake in the Malaysian
      Bloomberg  -  555 words
    • Article
      Lock icon KUALA LUMPUR STOCK EXCHANGE
      4 12
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    • Article, Illustration
      Lock icon Analysts expect solid AirAsia bourse debut
      497 12 Most of them see a fair value of RM1.20-1.50 AFP [KUALA LUMPUR] Malaysia's budget carrier Air Asia is expected to make a solid debut on the stock exchange on Monday, with gains to be made from its retail initial public offer (IPO) price of
      AFP; AFP FILE PHOTO  -  497 words
    • Article
      Lock icon US tech firms in Malaysia see slower 2005 growth
      372 12 Reuters [KUALA LUMPUR] Malaysia-based US electronics firms said yesterday sales growth would slow to 6.9 per cent next year, as a weaker global technology industry and a cooling Chinese economy rein in demand. The Malaysian American Electronics Industry (MAEI), a group
      Reuters  -  372 words
    • Article
      Lock icon Plan to manage pepper output does not flout trade rules: Malaysia
      278 12 Reuters [KUAI.A LUMPUR] Leading pepper grower Malaysia said on Thursday its plan to curb global output does not flout world trade rules and is not tantamount to a cartel, despite concerns expressed by India. Malaysian Commodities Minister Peter Chin,
      Reuters  -  278 words
    • Article
      Lock icon Bursa M'sia proposes RM750m capital repayment
      221 12 [KUALA LUMPUR] Bursa Malaysia Bhd is proposing to issue a capital repayment of RM7SO million (***** million) to shareholders as part of its listing plan, reports The Star. In a circular to shareholders, the exchange said this represented a cash distribution prior to its
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon Siblings dispute Reliance ownership
      353 13 Ownership is an issue but it is in the private domain, says chairman and elder brother Mukesh Ambani [NEW DELHI] The ownership of Reliance Industries, India's largest private sector company, is being disputed by the two Ambani brothers who took control of the group more than
      353 words
    • Article
      Lock icon Taipei to have Wi-Fi access anywhere anytime
      702 13 Reuters [TAIPEI] Dennis Tseng is an avid Web surfer who loves to hang out in Taipei's upmarket Hsinyi district, where wireless Internet accegs is freely available. Whether he's waiting outside a department store for his wife to finish shopping or enjoying a lazy
      Reuters  -  702 words
    • Article, Illustration
      Lock icon Indian textile firms fight to make WTO cut
      699 13 Reuters [BOMBAY] Shares of Indian textile makers have bolted higher ahead of the lifting of quotas next year, but industry leaders and analysts say the country is ill-pre-pared to handle competition and a big surge in demand. World Trade Organization (WTO) members
      Reuters; REUTERS  -  699 words
    • Article
      Lock icon China will likely let yuan grow stronger: economist
      415 13 Bloomberg ISHANGHAI] China probably will let the yuan strengthen, though a move to a floating currency remains far off, Columbia University economist Jeffrey Sachs said. China "probably will allow some controlled appreciation of the currency", Mr Sachs said at a briefing in
      Bloomberg  -  415 words
    • Article
      Lock icon Stanchart to buy stake in China's Bohai Bank
      350 13 Bloomberg. Reuters [LONDON] Standard Chartered Pic has agreed to buy a 19.9 per cent stake in China's Bohai Bank to speed up its expansion in that country. The purchase must still be approved by China's bank regulator, Londonbased Stanchart said yesterday in
      Bloomberg.; Reuters  -  350 words
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  • ASIA-PACIFIC/WORLD
    • Article, Illustration
      Lock icon Much ado about ironic exits from this world
      798 14  -  LIGHT REED Strange passings are, it seems, of wide-ranging interest to many curious folk CHRISTOPHER REED AT a recent international convention of obituarists held in a charming little Western town in New. Mexico, participants swapped amusing tales about some of the more
      798 words
    • Article, Illustration
      Lock icon JUST BEAT IT, EMINEM
      43 14 [NEW YORK] A Michael Jackson impersonator dancing at a protest by Jackson fans outside the MTV studios in Times Square last week. The fans want MTV to remove Eminem's new video Just Lose It because it mocks Jackson. AFP
      AFP  -  43 words
    • Article, Illustration
      Lock icon Profits fading for big players in digital camera industry
      650 14 Reuters [TOKYO] Bloated with inventory and mired in the red, the digital camera business of Japan's Olympus Corp underscores how making money in the cut-throat market is getting tougher. Sony Corp and Canon Inc are seen as the strongest players in
      Reuters; REUTERS  -  650 words
    • Article
      Lock icon Store sues Michael Jackson for unpaid bill
      196 14 AP {LOS ANGELES] An antiques and furniture store has sued pop star Michael Jackson for allegedly failing to pay a nearly US$lBO,OOO bill. Kamad Enterprise, which owns Mayfair Gallery, claimed Jackson owes U*****,875 of the U*****,875 in merchandise he allegedly purchased in May,
      AP  -  196 words
    • Article, Illustration
      Lock icon Calamities drive up Japanese gold demand
      596 14 Investors buck trend of selling the asset in bull market Reuters [TOKYO] Japanese investors are flocking to gold coins and bars amid an increased willingness to diversify into hard assets after a series of typhoons lashed the country and a major earthquake struck last
      Reuters; FILE PHOTO  -  596 words
    • Article
      Lock icon Chile, China to begin FA talks soon
      236 14 AP [SANTIAGO] Chile and China said they will soon begin talks on a Free Trade Accord (FTA). The agreement to open the talks came during a meeting between Chilean President Ricardo Lagos and visiting Chinese President Hu Jintao. "We are in a position
      AP  -  236 words
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  • WORLD
    • Article
      Lock icon Many German firms want to quit NYSE
      452 15 They complain about cost and hassle of new US regulatory regime [FRANKFURT] The majority of German companies with US stock market listings would like to get out of New York to avoid the cost and hassle of complying with the US regulatory regime,
      452 words
    • Article, Illustration
      Lock icon Nike founder Knight resigns as CEO
      533 15 Bloomberg [PRINCETON] Nike Inc said Phil Knight, who began the company in 1972 selling sneakers from his car and built it into the world's biggest athletic-shoe maker, will step down next month as chief executive officer. William Perez, 57, CEO of S C Johnson
      Bloomberg; AP FILE PHOTO; BLOOMBERG  -  533 words
    • Article
      Lock icon Russia to sell off major stake in Yukos unit
      458 15 It will auction 76% of production unit against back taxes AP (MOSCOW] Russia yesterday moved ahead with its plans to break up the country's largest oil producer, announcing it would auction off a majority stake in the main production unit of
      AP  -  458 words
    • Article
      Lock icon Medicine is next frontier for chips, says Intel chief
      294 15 AFP [BANGALORE] Microchips can change the face of the medical industry by helping detect cancer and break genetic codes, fuelling future growth for semiconductor companies, Intel Corp chief executive Craig Barrett said yesterday. Mr Barrett said that after computers and mobile
      AFP  -  294 words
    • WORLD WATCH
      • Article
        Lock icon Bank of France to sell gold
        94 15 Reuters [PARIS] The Bank of France yesterday said it had agreed with the French Finance Ministry to sell 500 to 600 tonnes of its gold reserves over the next five years. The bank did not give a start date for the sale, saying its
        Reuters  -  94 words
      • Article
        Lock icon Nokia eyes more products
        119 15 Bloomberg [HELSINKI] Nokia, the world's largest mobile-phone maker, is studying making consumer electronic products other than cellular phones, chief executive Jorma Ollila said. "Surely, we have worked on product concepts where the cellular would not be the driver, or where the key benefits would not be
        Bloomberg  -  119 words
      • Article
        Lock icon Novell posts US$13m Q4 profit
        95 15 Bloomberg [SEATTLE] Novell Inc, a seller of network software and consulting services, had fourth-quarter profit of US$l3.3 million as sales rose for a fourth straight period. Net income was three cents a share in the quarter ended Oct 31, compared with a loss of US$lO9
        Bloomberg  -  95 words
      • Article
        Lock icon Disney profit rises to US$516m
        108 15 Reuters [LOS ANGELES] Walt Disney Co quarterly profit rose on Thursday as improvement in the cable television, consumer and theme park units and a tax benefit more than made up for a slowdown at Disney's movie studio. Net profit rose to US$5l6 million or 25
        Reuters  -  108 words
      • Article
        Lock icon Dolby Labs IPO to raise US$460m
        105 15 Reuters [WASHINGTON] Audio technology company Dolby Laboratories plans to raise as much as US$46O million in an initial public offering. Morgan Stanley and Goldman Sachs Co are lead underwriters for the offering of Class A common stock, according to a filing with the US
        Reuters  -  105 words
    • Article, Illustration
      Lock icon MoMA IS BACK AFTER A FACELIFT
      85 15 [NEW YORK] Steingrim Laursen, director emeritus of the Louisiana Museum of Modern Art in Denmark, walks past Picasso s Les Demoiselle d 'Avignon' at the newly renovated Museum of Modern Art in New York. The museum is reopening its doors today after a two-year,
      AP  -  85 words
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  • HEALTH
    • Article, Illustration
      Lock icon Keeping it in
      691 16  -  A new surgical procedure treats stress incontinence while lessening the risk of injury to the bladder. CHEN HUIFEN reports CHEN HUIFEN ANEW surgical method offers more hope to women who suffer stress incontinence especially those who have had failed operations. Stress incontinence is a type of urinary
      ARTHUR LEE  -  691 words
    • Article, Illustration
      Lock icon secondopinion
      1194 16 your health questions answered I read in BT that one out of three people who undergo colorectal surgery opt for Minimally Invasive Surgery (MIS). In what circumstances would laparoscopic colorectal surgery be not advisable? Is there any lifference in the success rate of either technique? Besides the cosmetic effect
      PHOTOS BY ARTHUR LEE  -  1,194 words
    • Article, Illustration
      Lock icon Sleep tight
      1335 17  -  Sweet, restful slumber need not elude us. TAN SU YEN finds out how the sleep-deprived can have sweet dreams and stay healthy TAN SU YEN PICTURE this scene: After a truly indulgent lunch, a prosperouslooking, generously proportioned, middleaged man sinks into his chair and promptly falls asleep. Before
      CHRIS LOH  -  1,335 words
    • Article
      Lock icon Getting a good night's sleep
      342 17  -  By TAN SU YEN TO sleep, perchance to dream a good night's sleep is one of life's unadulterated pleasures. But what exactly makes up that sweet restful slumber that poets wax lyrical about? Certainly not the amount of time you spend in bed, says neurologist
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  • Page 17 Advertisements
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      423 17 J' "The International Healthcare Provider of Choice. IWlfly" i„ \J 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/ International Referral Centre for total patient care tertiary care. Over 60% Of
      423 words
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  • WELLNESS
    • Article, Illustration
      Lock icon Smooth passage
      1071 18  -  From ironing out frown lines and treating underarm sweating, Botox can now be used to correct a host of cosmetic imperfections. CHEAH UI-HOON reports CHEAH UI-HOON SAY Happy Birthday to Botox, ladies of smooth foreheads and crowfeetless eyes. Allergan's brand of botulinium Toxin Type A, a woman's (and
      1,071 words
    • Article
      Lock icon Go on a 'get fit' getaway
      315 18 IF you want to get a kickstart literally on your fitness-regime, consider this: a weekend away where you can have different body workouts including kickboxing, yoga, body wraps, and healthy meals. Singaporean Glennery Besson, in her 50s, has planned such a 'fitness getaway" with
      315 words
  • Page 18 Advertisements
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      1172 18 wine&dine withweekendßT Ah Hoi's Kitchen Hotel Phoenix Parkway Thai Restaurant Shunjuu Traders HotelPoolside, (above Tanglin MaU), 277 Orchard Road. TeL 6233 6129 901-59/62 Centrepoint Shopping Centn/Hto2'oB 30 Robertson Quay, 901-15 Riverside View. Level 4, Traders Hotel TeL 6531 4373 Prata fans can indulge in Phoenix Garden Cafe's Parkway Parade. TeL
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  • MOTORING
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      Lock icon Volkswagen Phaeton a hit in Taiwan
      365 19  -  By SAMUEL EE THE 200 Phaeton cars sold within three months of its launch in Taiwan is giving Volkswagen high hopes of similar sales success in Singapore. The Phaeton is VW's foray into a luxury limousine market already crowded with fellow German models like
      365 words
    • Article, Illustration
      Lock icon The road less travelled
      1240 19  -  Six hours passed in a flash as thrills and scares abounded for GEOFFREY EU during an off-roading trip north of Desaru, Malaysia GEOFFREY EU Imam ROM a modern motoring perspective, the prospect of a 26km journey over six hours (that's a snaillike four kmh) is probable
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    • BRAVE NEW WHIRL
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        Lock icon Ferrari on the block
        114 19 IT's shaping up to be the auction of the year. On May 23, 2005, Sotheby's will conduct the first Ferrari auction in Maranello, Italy the birthplace of the famous Italian carmaker. Each car in the sale which includes the greatest racing and sports cars ever produced,
        REUTERS  -  114 words
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        Lock icon Special Skoda
        77 19 THE new Skoda Octavia won a prestigious Golden Steering Wheel award this week. At a ceremony in Berlin, the Octavia took first prize in the compact and mid-sized car category despite keen competition. Based on the assessment by the panel of 27 judges, the Czech model won in
        77 words
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        Lock icon Michelin scores big with trucks
        111 19 TRUCK original equipment markets remained firmer than expected for Michelin in all regions during the third quarter, and offset the slowing demand from passenger car, light truck and truck replacement markets. As a result, the world's largest tyre maker still managed to post 4.6 per
        111 words
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        Lock icon Audi's three ravishing beauties
        81 19  -  Compiled by SAMUEL EE CARS from all three members of the Audi brand group have won awards for "The World's Most Beautiful Automobile 2004". An international jury in Milan comprising designers, car and art historians, and specialist journalists voted the Audi A 6 as the world's
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  • SHOPPING
    • Article, Illustration
      Lock icon Get shirty
      1286 20  -  CHEAH UI-HOON goes hunting for the perfect shirt and finds it at top-of-the-line shirtmakers CHEAH UI-HOON HOW many times have you gone in search of "just a shirt" to go with your sharp pencil skirt or spiffy pinstriped trousers to find that half a day and 10 labels
      SHIRTSTORY PHOTO BY CHRIS LOH  -  1,286 words
    • IN STORE
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        Lock icon Sneak attack
        52 20 THH next time you feel like kicking off those corporate shoes and sneaking into something fun and relaxed, try these Ozoc canvass sneakers. Get the right fit and you'll feel like having taken a big leap from from Shenton Way. Priced at $65, it comes in beige, black
        52 words
      • Article, Illustration
        Lock icon Dive right in
        109 20 Anonimo, which made a splash with its Italian diving timepieces, has just unveiled its new collection here. Among the models with rugged good looks and cutting edge features is the Militare model 2004. It comes in a stainless steel, sand-blasted watchcase with a sapphire crystal dome and
        109 words
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        Lock icon talk shop
        101 20  -  Compiled by MIKE CHUA Raffles City: With every $50 spent, you'll stand a chance to win a family holiday to Disneyland, US! Charge to Citibank Credit Cards and/or Citibank Ready Credit to triple your chances of winning. More privileges for Citibank cardmembers: Knjoy complimentary coffee/ tea and first
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  • PURSUITS
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      Lock icon Private sanctuary
      1091 21  -  PERSONAL SPACE Carolina Ong's airy house exudes an air of peace that makes home a welcome bliss. GEOFFREY EU soaks in the oasis of calm GEOFFREY EU A WALI.-SIZED glass window that cjnveniently slides open to let the outdoors in, copious amounts of natural light throughout and a
      PHOTOS BY ARTHUR LEE  -  1,091 words
  • Page 21 Miscellaneous
    • Miscellaneous
      Lock icon Page 21 Miscellaneous Column 1
      229 21 CRYPTIC CROSSWORD we hear (5) iHI Hi iHH 10 Trouble on Hampstead Heath 1 Plant where one may find it LgJ flipping excellent 4 Thin copper instrument (6) relations and disorder (6) 24 Good-for-nothing slob a L_J cove's back inside (8) Hi IB If 26 Scrounger's urge to enter DOWN
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  • FOOD
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      Lock icon Time for tea
      1348 22  -  Forget the high 'tea' buffet. Loose-leaf fine teas are coming into their own, savoured with scones, cake and a dollop of tradition, writes CHEN JINGWEN CHEN JINGWEN CARE for a cup of Darjeeling Primeur or Risheehat, or a Margaret's Hope Darjeeling? The Primeur please, and make it
      1,348 words
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      Lock icon Creme de la tea
      623 22 JUST as there are critical Michelin awards to rate the finest French eateries, there is also the top London Afternoon Tea Award. Earlier this year, The Tea Council in UK conferred the award on The Ritz London. A team of mystery tasters from the council's Tea
      THE RITZ HOTEL LONDON  -  623 words
    • Article
      Lock icon Best cuppa in Singapore
      780 22 Ronnefeldt teas Rose Veranda, The Shangri-La Hotel Overlooking waterfalls and tropical gardens, this roomy lounge boasts the best selection of teas here —101 in all, served in fine Wedgwood china. Some of the Darjeelings are captivating enough with the scones, so you could give the buffet
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