The Business Times, 30 July 2005

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Microfilm: NL26328
Total Pages: 22
1 22 The Business Times
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  • Title Section
    Lock icon Masthead
    18 1 THE BUSINESS TIMES weekend SINGAPORE 8S cents MICA (P) 089/03/2005 July 30-31, 2005 online at http business times.asial.com.sg
    18 words
  • Article, Illustration
    Lock icon Women power shoppers rule retail
    1022 1  -  They're big business for luxury labels here By ARTHUR SIM [SINGAPORE] Like any honest working girl, Ponz Goo, 33, likes to shop. At her most extravagant, she has spent close to 40 per cent of her income on fashion. And as the CEO of Haach,
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  • Article
    Lock icon Suntec Reit's proposed $1b acquisitions may not fly
    803 1  -  Doubts reinforced by Temasek chief's earlier comments By KALPANA RASHIWALA [SINGAPORE] Market watchers are wondering if Suntec Real Estate Investment Trust's recent deals to buy $788 million worth of assets from City Developments will proceed in its current form in view of
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  • TOP STORIES
    • Article, Illustration
      Lock icon Surfing the web? You're probably not working
      195 2 LAT-WP [WASHINGTON] We all know that just because we're at work doesn't mean we're actually working. And it turns out we're slacking off even more than our bosses realise, according to a recent survey by Salary.com and America Online. Human resources officers guessed
      LAT-WP  -  195 words
    • Article
      Lock icon Listing PSA not feasible at the moment: CEO
      551 2  -  Timing depends on what size it can attain: Eddie Teh By GEORGE JOSEPH [SINGAPORE] PSA chief executive officer Eddie Teh thinks it's not the right time now to list the Singaporebased terminal operator, which should be allowed to grow for "a little
      551 words
    • Article
      Lock icon Clarification
      71 2 rN the report, "Foreign stakes take hold in local banks" (BT, June 6), we described Jacobs Levy Equity Management as a hedge fund and shareholder in the three local banks. Jacobs Levy Equity Management has clarified that while it is a sub-adviser to a multimanager mutual fund holding these
      71 words
    • Article
      Lock icon What PM Abdullah didn't say speaks tomes about Proton saga
      478 2  -  As PM deflects questions on Proton, is MITI chief on the way out? By PAULINE NG in Kuala Lumpur A BRIEFING yesterday by Malaysian Prime Minister Abdullah Badawi on the transformation programme for government-linkerf corporations may have revealed more by
      478 words
    • Article, Illustration
      Lock icon A corner for thinkers, a cuppaas well as tete-a-tetes
      377 2  -  By VANDE KHIN [SINGAPORE] It's not every cafe that merits a ceremonial opening by a senior academic but it helps if the notion behind the cafe was generated by that academic. So it was with the new Thinking Corner set up
      DESMOND WEE/ST  -  377 words
    • Article
      Lock icon Teach your kids Chinese, to make money: Jim Rogers
      609 2  -  By JENEVIEVE CUA [SINGAPORE] Celebrity investor Jim Rogers regaled an audience of about 200 fund managers, investors and academics last night with tales of his round-the-world treks spiced with nuggets on what he would and would not put his money in.
      609 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      610 2 DBS net profit for Q2 dives 48% to $441 m DBS Group Holdings yesterday posted a 48 per cent fall in second-quarter net profit to $441 million as the bank's strong loans growth was outpaced by last year's gains from asset sales, a dismal bond trading environment and
      610 words
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  • RAFFLES CONVERSATION
    • Article
      Lock icon Patron and planner
      1804 3  -  In architecture, he saw a defining discipline; in the arts, he found personal fulfilment as well as the opportunity to lend support to some and lead others. Liu Thai Ker, outgoing National Arts Council chairman, talks to PARVATHI NAYAR PARVATHI NAYAR HE tells you how he was
      1,804 words
    • Article, Illustration
      Lock icon From father to son
      258 3 LIU Thai Ker's family is one that is enmeshed in the arts, from his eldest daughter Eszter, principal cellist in the Australian Opera Orchestra, to his late father, Liu Kang, highly regarded as a founding father of Singapore art. Conversation stays a while on Liu Kang,
      ARTHUR LEE  -  258 words
  • Page 3 Advertisements
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      Lock icon Page 3 Advertisements Column 1
      89 3 <•; > 1-.. ■MHV} l W|v\ Mi f iw wf J Escape to Bangkok on Thai Airways and stay at the Swissotel Nai Lert Park A Wi vlfaj Bangkok. This great value package includes jP rv 0l vV- I R economy class ticket from Singapore to Bangkok on Thai Airways
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      Lock icon Page 3 Advertisements Column 2
      65 3 Raffled INTERNATIONAL Hocels Resorts A Mambtr of CapftaLand 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,
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon DBS Q2 profit slips 48% in absence of asset sales
      677 4  -  BANK EARNINGS If not for one-time gains last year, earnings would be 28% higher By JOYCE KOH DBS Group Holdings yesterday posted a 48 per cent fall in second-quarter net profit to $441 million as the bank's strong loans growth
      ARTHUR lEE  -  677 words
    • Article, Illustration
      Lock icon Ascott posts 31 % Q2 profit rise
      410 4  - Ascott posts 31 Q2 profit rise China, Europe businesses boost group's earnings By JEAN CHUA THANKS to better business in China and Europe, ser-viced-residences operator The Ascott Group reported a 31 per cent increase in net profit in the second quarter. Ascott, 68.2 per cent owned by Capita Land, said
      410 words
    • Article
      Lock icon Security boost will come cheap: SMRT
      304 4  -  By RACHEL LIN TIGHTER security measures in the wake of renewed fears of terrorist attacks will result in only marginal cost increases for SMRT Corporation, according to chief financial officer Patrick Lau. These new measures include installing more closed-circuit TVs (CCTVs) and recruiting transit
      304 words
    • Article, Illustration
      Lock icon Thai bank helps lift UOB Q2 earnings by 17.7%
      546 4  -  By SIOW LI SEN UNITED Overseas Bank (UOB) yesterday posted a 17.7 per cent rise in net profit to $409 million for the second quarter helped mainly by its Thai Bank of Asia acquisition and lower impairment charges. At home UOB
      CHRIS LOH  -  546 words
    • Article
      Lock icon Bukit Sembawang unit buys site for $117m
      167 4 CB RICHARD Ellis announced yesterday that it had brokered the sale of 32 lots at Lengkok Angsa to Bukit Sembawang View Pte Ltd, a subsidiary of listed Bukit Sembawang Estates, for $117.2 million. The 32 owners will each receive more than 200 per
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    • Article, Illustration
      Lock icon SIA Q1 profit falls 8% to $235m on high fuel costs
      488 5  -  But it beats market expectations of just $180-205m, as revenue grew 12% By VEN SREENIVASAN SINGAPORE Airlines posted a better-than-expec-ted first-quarter profit of $235 million, thanks to strong topline revenue growth. The figure was higher than the $180-205 million
      BLOOMBERG  -  488 words
    • Article, Illustration
      Lock icon Court gives Chen time-off from S'pore
      579 5  -  By MICHELLE QUAH CHINA Aviation Oil's suspended CEO Chen Jiulin who's facing 15 charges in relation to the CAO debacle has finally succeeded in getting court permission to leave Singapore, to attend to matters relating to his re-cently-deceased mother. District Judge Aedit Abdullah approved
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    • Article
      Lock icon StarHub offers teleworking broadband service
      384 5  -  Move seen giving option of working from home a boost By AMIT ROY CHOUDHURY IN a move that is likely to give a fillip to teleworking, or working from home, Star Hub has introduced a home-to-office (Home2office) broadband service which extends the office network to
      384 words
    • COMPANY BRIEFS
      • Article
        Lock icon China Great Land ' expects profit fall
        86 5 China Great Land expects profit fall CHINA Great Land expects revenue and earnings for the first half and full year of FY2005 to be lower than the corresponding previous periods. It said this is mainly due to the slowdown in the China property market arising from the country's macro-economic measures
        86 words
      • Article
        Lock icon FerroChina unit in loan deal
        71 5 FERROCHINA announced that its subsidiary. Changshu Xingdao Advanced Building Material Co Ltd. has entered into a memorandum of understanding (MOU) to arrange for a 600 million yuan. 3-year syndicated loan facility. Led by CommerzBank. with China Construction Bank as co-arranger, the syndicated loan facility comes
        71 words
      • Article
        Lock icon iames Hong b Greatronic's chairman
        68 5 GREATRONIC has appointed Jaiqes Hong Gee Ho, 38, as an executive director and chairman of the board. Mr Hong recently made a mandatory conditional cash offer to the shareholders of the company. This followed his purchase of a 47 per cent stake in the company.
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      • Article
        Lock icon First Link's new substantial owner
        61 5 PETRA Pacific Holdings has become a substantial shareholder of Firstlink Investment Corp, buying 531,000 shares in the company at 7 cents each on Tuesday from the open market. This raised its direct stake in the company from 4.99 per cent to 5.15 per cent, or
        61 words
      • Article
        Lock icon Fu Yu's first-half net profit plummets
        74 5 FU YU Corp's first-half net profit plunged almost 60 per cent to $10.7 million in FY 2005 from $26.4 million in the previous corresponding period. Its first-half turnover also dipped 3.3 per cent to $183.8 million from $190.1 million. Fu Yu said the poor
        74 words
      • Article
        Lock icon Exceptional gain lifts S'pore Shipping
        117 5 SINGAPORE Shipping Corp posted a more than six-fold rise in first-quarter net profit to $45.7 million from $7.3 million in the previous corresponding quarter. The earnings include a $41.3 million exceptional gain from the disposal of a vessel, a subsidiary and an an associated company.
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      • Article
        Lock icon Lua joins S'pore Shipping board
        65 5 SINGAPORE Shipping Corp yesterday also announced the appointment of Lua Cheng Eng as a board member. Mr Lua was former chairman of Neptune Orient Lines and currently the non-resident Singapore Ambassador to Panama and Finland. The company said it will benefit from Mr Lua's extensive
        65 words
      • Article
        Lock icon Stamford Land back in the black
        83 5 STAMFORD Land posted first-quarter earnings of $4 .7 million from a loss of $114,000 in the previous corresponding period. Its quarterly revenue rose 3.8 per cent to $50.4 million from $48.6 million. The company anticipates better performance for its hotels in the current year
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    • Article, Illustration
      Lock icon Vincent Tan digs in with troubled Informatics
      367 5  -  Tycoon will remain until ship is on safe waters again By CHLOE CHOY BARELY two weeks after substantial shareholder Oei Hong Leong divested his entire 13.71 per cent stake in troubled mainboardlisted Informatics Group, Malaysian tycoon Vincent Tan has reaffirmed his commitment to
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    • Article, Illustration
      Lock icon Banks, Mapletree light up busy week
      487 5  -  STOCKS R SIVANITHY Senior Correspondent OTHER than a continued play on property and banks, the other standout features this week were the Mapletree Logistics listing, the selling of Chartered Semiconductor and Stats ChipPac, and the new all-time highs reached by Biosensors, KS Energy, Labroy
      487 words
  • Page 4 Advertisements
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      Lock icon Page 4 Advertisements Column 1
      89 4 r No more wet newspapers j4 p Qr j ust y OU can now keep your newspaper safe and dry from the smallest drizzle or the biggest j|t thunderstorm. Complete and mail this coupon, together with your cheque* and we'll have your Newsm paper Holder delivered in 3 weeks.(We regret
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  • Page 5 Advertisements
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      Lock icon Page 5 Advertisements Column 1
      240 5 ijP it it 8 JR 3 Superior Multi-Packaging Limited (Incorporated in the Republic of Siogapore) (Company Registration No: *****2249-R) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the Company will be held at 7 Benoi Sector, Singapore *****2 on 18 August 2005 at
      240 words
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  • PERSONAL INVESTMENT
    • Article, Illustration
      Lock icon BROKERS' TAKE
      884 6  -  Compiled by JOYCE KOH Keppel Corp July 29 dose: $12.60 MERRILL LYNCH, July 28 we downgrade iveppei Lorp 10 neutral" from "buy". Although Keppel's fundamentals remain robust and management continues to create value for shareholders, our fair value of $13.25 is only 4 per cent above current levels.
      Source: Bloomberg  -  884 words
    • Article, Illustration
      Lock icon Some tips for a sound trading strategy
      1430 6  -  SHOW ME THE MONEY Success comes not from knowledge but from how one applies it TEH HOO LING Senior Correspondent A READER asked me recently why trading gurus bother to travel all over the globe to give seminars if they can make bigger
      ARTHUR LEE; Source: Bloomberg  -  1,430 words
    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      1015 6 For week beginning Jul 25 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS Subsantial Sin No of Prica SHAREHOLDING Trans Shareholder Sad Shares Par Mora Aftar Stock Data Director Con* '000 Shr (tW) fOW) CSC Hldgs 28-Jul-OS Ng San Tiong *Buy 85 0.03 ***** 2.77 ***** 2.78 CSC Hldgs 28-Jul-05 Ng
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  • BT INVESTMENT ROUNDTABLE
    • Article, Illustration
      Lock icon What now, after the yuan move?
      3187 7 OVERVIEW WHAT does China's decision to revalue the yuan and to liberalise its foreign exchange regime mean for investors? The move has provoked speculation that Asia could be facing a new round of currency instability. Is this something that investors need to worry about
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  • SINGAPORE NEWS
    • Article
      Lock icon FDI growth slows to 3.9% in 2003
      488 8  -  Europe accounts for over 42.6% of FDIs and is S'pore's largest investor By NANDE KHIN GROWTH of foreign money flowing into Singapore slowed in 2003, both in terms of foreign direct investments (FDI) and foreign equity investments. Figures from the Department of Statistics
      488 words
    • Article, Illustration
      Lock icon Suspension of GST for stored imported goods soon
      445 8  -  By DONALD URQUHART IMPORTERS in Singapore will soon be able to indefinitely suspend up to 100 per cent of GST payments for goods stored in one or more locations under Singapore Customs' new Zero GST Warehouse Scheme. With the new scheme in
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    • EXECUTIVE MOVES
      • Article, Illustration
        Lock icon New president for three GE markets
        42 8 STARTING Aug 1, General Electric (GE) will have a new president for its Singapore, Philippines and Vietnam operations. Colin Low (above) was previously managing director and general manager for South East Asia, GE Transportation Aircraft Engines.
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      • Article, Illustration
        Lock icon Lovells' Asia regional managing partner
        51 8 CRISPIN Rapinet, who has been named Asia regional managing partner of Lovells I.ee Lee, will take charge of six offices in Hong Kong, Beijing. Tokyo. Shanghai, Singapore and Ho Chi Minh City. Lovells is an international law firm and Lee Lee is its Singapore joint-venture
        51 words
      • Article
        Lock icon Three new district judges named
        83 8 PRESIDENTS RNathan has appointed three new district judges and a new magistrate from Aug 1. The three judges are Liew Thiam Long (above). Bala Reddy and Toh Han Li. who will be posted to the Subordinate Courts. District Judge Liew and District Judge Bala Roddy
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    • Article
      Lock icon SGX MAINBOARD
      6 8 Transaction date: Jul 29
      6 words
    • Article
      Lock icon Banks' role in anti-terror fight
      448 9  -  Those that let through dubious funds transfer should be dosed, says terrorism expert By UMA SHANKARI BANKS here have to be more vigilant to prevent terrorists from using banks to transfer funds, and those that fail to do so should be shut down, said terrorism
      448 words
    • Article
      Lock icon Housing loans push up S'pore bank lending 2.7% in June
      307 9 Reuters SINGAPORE bank lending rose 2.7 per cent in June from a year earlier because of an increase in housing and commercial loans as economic growth recovered in the second quarter. Analysts said they expected an even bigger pickup in
      Reuters  -  307 words
    • Article
      Lock icon SGX
      1250 9 Transaction Date: Jul 29 MOST ACTIVE STOCKS VOLUME VALUE SingTel 15c 33.885.000 DBS Grp 218.532.200 STX PanOcean KW100 31.288.000 OCBC 110.552.480 STATSChP25c 28.897.000 SingTel 15c 94.410.614 Biosensors USO.OIc 25.415.000 UOB 48.011.800 MapletreeLog 23.206.000 Keppel Corp 50c 37.413.479 UTAC US15c 18.463.000 HK Land US10c 33.653.453 Chart SemiCond 26c 16.626.000 STATSChP25c
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  • REGION
    • Article, Illustration
      Lock icon Anwar Ibrahim all for unpegging of ringgit
      634 10  -  He says Malaysia's economy is strong enough to withstand move By ANTHONY ROWLEY in Tokyo MALAYSIA'S former deputy prime minister and finance minister Anwar Ibrahim yesterday gave his blessings to Kuala Lumpur's recent decision to end the pegging of the ringgit to the
      AFP  -  634 words
    • Article
      Lock icon China Shipping, CMA-CGM in lead for CP Ships
      268 10 Reuters [HONG KONG] China Shipping Group, the country's second-larg-est shipping group, and Francebased CMA-CGM are leading bidders for CP Ships Ltd in a deal that could value the Toronto- and New York-listed firm at more than US$l.46 billion, the Financial Times reported
      Reuters  -  268 words
    • Article
      Lock icon China's top chip maker posts 3rd straight loss in Q2
      427 10 Reuters [SAN FRANCISCO/SHANGHAI] China's top chip maker, SMIC, posted its third straight quarterly loss but predicted better results in the current quarter amid a nascent rebound in the semiconductor industry. "The second quarter of 2005 marked what we believe to
      Reuters  -  427 words
    • 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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  • SINGAPORE INTERNATIONAL
    • Article, Illustration
      Lock icon Korea makes its impact felt
      1321 11  -  The world's 13th largest trading country has much to offer Singapore businesses, reports CHUANG PECK MING, who highlights four companies that made headway in Korea CHUANG PECK MING IT'S a sign of South Korea's rising economic prowess and fortunes. Samsung Electronics' brand is now more
      BLOOMBERG  -  1,321 words
    • Article, Illustration
      Lock icon Ya Kun goes to Seoul
      377 11 SINGAPORE'S EARLY MOVERS SOUTH Koreans like Ya Kun's kaya toast so much that they want to take it home with them. But they don't have to anymore as they can now get it right at their doorstep well, almost. A franchised Ya Kun outlet has
      FILE PHOTO  -  377 words
    • Article, Illustration
      Lock icon SembLog taps into booming North Asia
      304 11 SOUTH Korea is important enough for SembCorp Logistics to make it part of its extensive in-country distribution network in Asia to serve multinational clients. The supply chain management company set up shop in Korea only a year-and-a-half ago in the form of a 51-49
      SEMBCORP LOGISTICS  -  304 words
    • Article, Illustration
      Lock icon A huge boost for two-way trade
      1153 12  -  The Korea-S'pore free trade pact, expected to be signed next month, is already giving businessmen a buzz, reports CHUANG PECK MING CHUANG PECK MING EVEN before the Korea-Singapore free trade deal is formally inked and rolled out, businessmen in the two countries are already
      FILE PHOTO  -  1,153 words
    • Article
      Lock icon How Singapore firms will benefit
      429 12 WITH the realisation of the KoreaSingapore free trade agreement (KSFTA), up to 75 per cent of domestic exports valued at $3 billion will enjoy immediate tariff elimination. A further 14 per cent of domestic exports will also enjoy tariff-free access to the Korean market over
      429 words
    • Article
      Lock icon Accord expands in N-E Asia transit hub
      311 12 SINGAPORE'S EARLY MOVERS SETTING up a presence in South Korea is a "natural step" for Accord Express Holdings as the supply chain management company expands its overseas network. "Korea is strategically located between China and Japan, allowing it to become a transit hub
      311 words
    • Article, Illustration
      Lock icon NCS moves to stay close to customer
      221 12 NCS* business philosophy is to stay close to its customers. So when one of its major customers, a global bank, expanded into South Korea, the information technology and communications engineering services provider followed. But NCS is not there just to serve existing clients.
      221 words
    • Article, Illustration
      Lock icon Virtual goods rake in big bucks
      794 12 Online game craze is helping Korean firm Nexon make a fortune AFP THE company is raking in millions of dollars every month by selling digital images, not real products. It sells "avatars", cyber representations of online game players, and virtual baubles such as karts,
      AFP; AFP PHOTOS  -  794 words
    • Article
      Lock icon Headwinds ahead
      1051 13  -  The Korean economy is forecast to grow a slower 4 per cent this year as high oil prices and a strong won take their toll, reports CHUANG PECK MING CHUANG PECK MING WEAK domestic demand and higher oil prices led the South Korean government early this month to
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    • Article
      Lock icon Riding the Korean wave
      859 13  -  By MIKE MORAN FOR South Korea, the past 15 years has been a story of economic boom, financial crisis and heavy restructuring. Being the poster child for reform following the Asian financial crisis allowed South Korea to emerge stronger and more resilient. In the process, it
      859 words
    • Article, Illustration
      Lock icon Economic powerhouse
      262 13 South Korea looks well-positioned to benefit from both regional and international growth over the medium and long term. Source: CBC Source: CBC CHART 2: Processes; time and costs of setting upa business REGION OR NUMBER Of DURATION COST MIN CAPITAL ECONOMY PROCEDURES (DAYS) GNI PER GNI PER CAPITA)
      Source: CBC  -  262 words
    • Article
      Lock icon Yuan move will have limited impact
      363 13  -  By CHUN CHONGWOO THE impact of China's yuan move on the Korean economy in general and the won in particular is likely to be relatively limited for several reasons. Firstly, the yuan revaluation itself was relatively modest at around 2.1 per cent against the
      363 words
    • Article, Illustration
      Lock icon Forming the ties that bind
      1545 14  -  LETTER FROM SEOUL To do business in Korea, it is important to realise the high premium the Koreans place on long-term relations and trust, says CHRISTOPHER CHEN CHRISTOPHER CHEN I FIRST arrived in the Land of the Morning Calm one bitter winter morning a year
      1,545 words
    • Article, Illustration
      Lock icon Seoul office market on the cusp of recovery
      1027 14  -  A change in the Reit coae is helping to spur investor interest again, says PATRICK SEUNG PATRICK SEUNG THE office market in Seoul is finally showing signs of life after an unexpected downturn that began in 2004 as a result of the
      REUTERS  -  1,027 words
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      Lock icon Page 11 Advertisements Column 1
      39 11 This monthly series on Singapore companies overseas is jointly brought to you by The Business Times and IE Singapore The Business Times jjjjj The next in the series will focus on Latin America it will appear on Aug 27
      39 words
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  • REGION/WORLD
    • Article
      Lock icon US sees strong 3.4% GDP growth in Q2
      532 15 LATEST US DATA Energy prices fail to dent business; consumer optimism in July at year-high Bloomberg [WASHINGTON] The US economy clocked in at a robust 3.4 per cent annual growth rate in the second quarter, fresh evidence the country's business climate is
      Bloomberg  -  532 words
    • Article, Illustration
      Lock icon Ho Ching is Asia's 8th most powerful woman
      215 15 TEMASEK Holdings chief executive Ho Ching is Asia's eighth most powerful woman, according to Forbes' Power Women List 2005 published yesterday. The Forbes league table of the world's 100 most powerful women is compiled based on media visibility measured by the number
      AFP,ST/Ong Chin Kai  -  215 words
    • WORLD WATCH
      • Article
        Lock icon Indonesia's Astra posts 16% rise in H1 earnings
        94 15 Reuters [JAKARTA] Automotive firm PT Astra International posted a 16 per cent rise in half-yearly net profit on strong demand for cars and motorbikes and low interest rates. Astra, owned 48 per cent by Singapore's Jardine Cycle and Carriage, said yesterday net
        Reuters  -  94 words
      • Article
        Lock icon Hong Kong plans to offer Reit IPO by March-end
        67 15 Bloomberg [HONG KONG] Hong Kong's housing authority said it will offer shares in its real estate investment trust before the end of next March, after a ruling from the city's highest court last week dismissed a legal challenge to the sale.
        Bloomberg  -  67 words
      • Article
        Lock icon Bank of the Philippine Islands' Q2 net rises 23%
        96 15 Reuters [MANILA] Bank of the Philippine Islands (BPI), the country's second-largest lender, yesterday said its quarterly profit climbed 23 per cent helped by higher interest and fee-based income. The bank owned by Ayala Corp and Singapore's DBS Group has room for
        Reuters  -  96 words
      • Article
        Lock icon Lachlan Murdoch resigns as News Corp executive
        86 15 AP [NEW YORK] Lachlan Murdoch, a possible heir to Rupert Murdoch's leadership of News Corp, resigned his executive position with the company yesterday and said he'd move to Australia witlrhis family. Lachlan Murdoch, 33, deputy chief operating officer since October 2000, will leave
        AP  -  86 words
      • Article
        Lock icon Q2 profits up at Bank Danamon and BII
        87 15 Bloomberg [JAKARTA] Bank Danamon and Bank Internasional Indonesia, Indonesia's fifth and sixth largest lenders, posted an increase in second-quarter profit as they boosted lending to companies and consumers. Danamon's net income in the period ended June 30 rose 17 per cent to
        Bloomberg  -  87 words
      • Article
        Lock icon Telkom Q2 earnings double on mobile growth
        94 15 Reuters [JAKARTA] PTTelekomunikasi Indonesia (Telkom) more than doubled its net profit in the second quarter, powered by a skyrocketing number of new mobile phone subscribers. Telkom controls 65 per cent of PT Telekomunikasi Selular (Telkomsel), whose number of subscribers grew to 21.5 million
        Reuters  -  94 words
      • Article
        Lock icon Indian Oil reports first ever loss on price freeze
        66 15 Bloomberg [MUMBAI] Indian Oil Corp reported a first-ever quarterly loss after the government forced it to sell fuels below cost to cushion consumers from record global oil prices. Indian Oil posted a net loss of 542 million rupees (5J20.7 million) in
        Bloomberg  -  66 words
      • Article
        Lock icon Chinese cities on alert to block diseased pork
        62 15 Reuters [BEIJING] Beijing and several other cities yesterday set up checkpoints to block diseased pork linked to the deaths of 32 people in China as authorities ordered a halt to the slaughter of infected pigs in Sichuan province. An official said screening
        Reuters  -  62 words
      • Article
        Lock icon Hana Bank reports 9% rise in quarterly profit
        123 15 Reuters [SEOUL] Hana Bank. South Korea's fourth-largest lender, yesterday reported a 9 per cent rise in quarterly profits, as higher interest margins and lower provisions offset tax payments related to an acquisition. Hana, 10 per cent owned by Temasek Holdings, earned 261.4
        Reuters  -  123 words
    • Article
      Lock icon Secure the Straits, S'pore tells forum
      492 15 AFP. Reuters [VIENTIANE] Warning that militants could be planning seaborne attacks, Singapore yesterday called on Asia's top security forum to give "full attention" to securing shipping lanes in the Singapore and Malacca straits. Foreign Minister George Yeo said security agencies were "painting dark scenarios"
      AFP.; Reuters  -  492 words
    • Article, Illustration
      Lock icon Indian shares touch intraday record nigh
      266 15 AFP. Bloomberg [MUMBAI] Indian share prices reached a record intraday high yesterday with the benchmark index above 7,700 as the financial capital recovered from pounding rains that left more than 800 dead in western Maharashtra state, dealers said. The Mumbai stock exchange's 30 share
      AFP.; Bloomberg; AP  -  266 words
    • Article
      Lock icon CNOOC gives up offer to take over Unocal on US opposition: report
      477 15 Reuters [TOKYO] China's CNOOC has given up its US$lB.5 billion offer to take over US oil producer Unocal Corp in the face of strong opposition from US Congress, the Japanese mass daily Yomiuri Shimbun reported in its evening
      Reuters  -  477 words
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  • WORLD
    • Article, Illustration
      Lock icon Many faces of America's security farce
      813 16  -  LIGHT REED Official ignorance and easy-to-hack vital sites aren't good for US' war against terrorism CHRISTOPHER REED Not a good week for the mighty American force engaged in the übiquitous "war on terror" although I do not refer to the streets of Baghdad, but
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    • Article
      Lock icon Greenspan sticks to safe investments, avoiding conflicts
      360 16 His assets in 2004 were worth US$3.5-$6.4 million Reuters, AP [WASHINGTON] Federal Reserve chairman Alan Greenspan, who boldly goes where few others go in the economic policy universe, plays it safe when it comes to his own investments. The Fed chief preserved his
      Reuters,; AP  -  360 words
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      Lock icon He's not a 'John Wayne kind of leader'
      605 16 New DaimlerChrysler CEO Dieter Zetsche to replace Juergen Schrempp in Jan Reuters [DETR6IT] When Chrysler chief executive Dieter Zetsche introduced George W Bush to a gathering of business leaders in Detroit earlier this year, he could not resist poking fun at the
      Reuters; REUTERS FILE PHOTO  -  605 words
    • Article
      Lock icon Morgan Stanley to cut 1,000 retail brokers
      337 16 LAT-WP AP [NEW YORK] Following a shake-up in its top management, Morgan Stanley has announced plans to try to boost profits by cutting about 1,000 brokers who sell securities to individuals. The cuts are not targeted at any specific geographic area. Instead, the
      LAT-WP; AP  -  337 words
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      Lock icon All you need is £600,000 for this Beatles lyric
      359 16 Bloomberg [LONDON] A handwritten lyric of the Beatles song, All You Need Is Love, was sold for £600,000 (S$ 1.7 5 million) on Thursday at a sale of John Lennon memorabilia at the Hippodrome rock-music venue. An anonymous bidder in the
      Bloomberg; PHOTOS: BLOOMBERG  -  359 words
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  • MOTORING
    • Article, Illustration
      Lock icon Hard drive
      786 17  -  The new 3 series model is one good reason to sign up for the BMW Advanced Driver Training course, says SAMUEL EE SAMUEL EE FIVE years after it was introduced in Singapore, BMW's driver training programme has become even better for two important reasons. First, it's now open
      786 words
    • Article
      Lock icon Track time
      469 17 HE may joke about supine driving positions and mangled rubber pylons, but Keith Nunis has an ulterior motive. His aim is to lighten the atmosphere, because a relaxed driver is a safer driver who reacts faster. The lead-instructor for BMW driver training in Singapore is one of 100
      469 words
    • Article, Illustration
      Lock icon Chevy chases the competition
      565 17  -  Reports by SAMUEL EE THE Chevrolet brand was revived in Singapore in September 2003, but by the first half of 2005, it managed to move up one place from end-2004 to enter the top 10 list of bestselling makes. Authorised distributor Starsauto sold 1,174 units from
      565 words
    • Article, Illustration
      Lock icon Estate of the art
      281 17 ONE model which Chevrolet agent Starsauto hopes will really distinguish it from other Korean and Japanese cars is the Optra Estate. The stationwagon is a relatively rare creature in Singapore, but Starsauto says it has seen surprisingly good demand for this variant, so much so that
      281 words
    • Article, Illustration
      Lock icon New Porsche comes in 4's
      137 17 IT'S official. Porsche will launch a fourth model series: a four-seater four-door sports car called the Panamera (right). Long rumoured but never officially acknowledged until now, the front-engine rear-wheel-drive model is scheduled to hit the showrooms in 2009. The Panamera Sports Coupe takes its name
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  • GOLF
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      Lock icon A whole new ball game
      1171 18  -  JUSTINE MOSS speaks to two sportsmen who turned from tennis to golf JUSTINE MOSS But what do they do when they realise they're good in more than one? It's not a common occurence, but not entirely rare, either. What results is that such talents either
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  • Page 18 Advertisements
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      687 18 BBS it wine&dine with weekendßT S V Amalfi The Italian Pizza Place Fook Yuen Seafood Restaurant Merftus Mandarin Singapore Raffles Marina 3E River Valley Road, Traders Market (Clarice *02-19 Raffles City Shopping Centre. 333 Orchard Road. Tel: *****258 10 Tuas West Drive. TeL *****288 Quay), *01-05. TeLJjBB3O62O Tel: *****661. At
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  • Page 18 Miscellaneous
    • Miscellaneous
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      176 18 CRYPTIC CROSSWORD itary clothes (10) 11 Remain undisturbed during YESTERDAY'S SOLUTION SSH aCCepted fifty yoUng Stoppage (10) Across: 1 jackanapes, 6 Opus. 10 12 Getting together to form steps, 11 Cartridge, 12 Skinhead, 2 Optimistic girl (4) work unit in nunnery (10) 13 Elect, 15 Charity, 17 Maidish, 19 3
      176 words
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  • WELLNESS
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      Lock icon The cholesterol package
      1106 19  -  A recently approved drug that raises HDL-c used together with statins is more effective treatment. CHEAH UI HOON reports CHEAH UI HOON IN THE history of battling cardiovascular heart disease (CHD) here the second highest killer in Singapore one of the measures has been to lower LDL-c
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      Lock icon Don't just work out; relish this experience
      567 19  -  By NGIAM YING LAN "JADED" isn't usually what one would feel after years of working out in fitness clubs across the island but that's exactly how Michelle "just say I'm in my 30s" Hoo describes her gym-going experience. There are perils that come
      567 words
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      Lock icon BURSA MALAYSIA
      4 19 Source: Reuters
      4 words
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  • SHOPPING
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      Lock icon Red alert
      1170 20  -  CORINNE KERK CORINNE KERK checks out National Day commemorative products EVERY time August rolls around, you brace yourself to be inundated by patriotic music videos on the telly and sometimes tacky-looking National Day merchandise you can buy to reinforce your Singaporean identity. With this being the nation's big
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  • TRAVEL
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      Lock icon Undiscovered paradise
      1196 21  -  GEOFFREY EU is charmed by the natural attractions of Koh Chang GEOFFREY EU HER name was Noi, and she had me at "Hello". Actually, it was more of a friendly nudge but it was a discernible greeting nevertheless. At age 50, Noi had an elegant demeanour and an
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      Lock icon Phuket: back in business
      961 21  -  Tourists are returning to the tsunami-hit Thai island getaway, and if you're wondering if it's 'okay' to go, CORINNE KERK says, why not? CORINNE KERK WE'RE not sure why our country of origin is so significant, but there is definitely something intimidating about stallholders yelling out
      CHINA PRACHA, COOKING CLASS PHOTOS BY CORINNE KERK  -  961 words
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  • THE BUSINESS TIMES weekend
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      Lock icon High-flying cuisine
      980 22  -  CHEAH UI-HOON finds out what's in store for Singapore Airlines passengers, as top chefs on the airline's culinary panel brainstorm ideas CHEAH UI-HOON #M F we tell you. we'll have J/f H to shoot you." All right, the Singapore Airlines H management represenI tatives didn't quite say that,
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      Lock icon Street treats
      905 22  -  CHEAH UI-HOON finds plenty to write home about on the streets of Hong Kong, Shanghai, Hangzhou and Ningpo CHEAH UI-HOON ONE of the quickest ways to get a good gut feel of a country you visit, pun intended, is of course to tuck into the everyday fare that
      PHOTOS BY CHEAH UI-HOON  -  905 words
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      Lock icon Distilling flavours of Shanghai
      515 22  -  By CHEAH UI-HOON THERE'S something nostalgic about the name Whampoa, which must have been how the plainer "Huangpu" was spelled during Shanghai's foreign concession days. And just as ye old Shanghai is now in vogue again, the Whampoa Club restaurant is giving familiar tastes of traditional
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