The Business Times, 25 February 2006

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Total Pages: 20
1 20 The Business Times
  • 14 1 THE BUSINESS TIMES SINGAPORE 85 cents MICA (P) *****/2005 February 25 26, 2006 online
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  • 735 1 General election set for April 2 as opponents plan mass rally tomorrow By OUR CORRESPONDENT in Bangkok THAI Prime Minister Thaksin Shinawatra put his job on the line yesterday by announcing the dissolution of parliament. The consequent general election will be on April 2,
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  • 571 1  -  Protest follows emergency declared by Arroyo By AL LABITA in Manila THOUSANDS of Filipinos marched through Manila last night demanding President Gloria Arroyo's resignation hours after she declared a state of emergency and banned demonstrations. The markets shivered after Ms Arroyo's declaration, with the
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  • 136 1 sn 2,453.67 (+18.09) ST INDEX FUTURES 2454.00 (+18.00) siMsa 289.96 (+1.67) SIMSa FUTURES 290.00 (+2.00) MARKETS Friday Chang* KLSECOMP 924.91 -2.60 NIKKEI 225 16.101.91 +5.81 HANG SENG 15,856.05 +43.52 SET INDEX 741.80 +9.12 JAKARTA COMP 1.216.14 -8.02 MANILA COMP 2,069.93 -21.39 SEOUL COMP 1.365.82 +4.59 SHENZHEN B 252.82
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  • Page 1 Advertisements
    • 62 1 MOTORING Samuel Ee Masts off ,^l jg# i j? S gg #f 1 nJI f JHr Jz** 0 T->- M -IWsyiJ| fiv. The other side of Philip His vision is behind Singapore's Jurong Island petrochemical complex and the Biopolis. But there's a lesser known side to Philip Yeo, an extraordinary
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    • 23 1 BT ONLINE BT print subscribers get free access to the Business Times Online. To activate your account log on to http://business-times.asia 1 .com.sg
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    • 49 1 BT INVESTMENT ROUNDTABLE A S'pore Budget with corporate bite PG7 T Imrlr1 m rlr y. V f a. --v.- ■I' < i 66 Mohamed Sulfcm Hoaa Slnoapo»» *****3 T«C 6734 «28.6236 3221 Fax: 6236 3762 Ui.lftw 7SOnm.SunAPvi3fcHokka«llam-?Dm MwnngflOWKMOn-aw sun w rwm* nwwMurw vn hijw; i t liiiJLlLilMlj-Ili. j i ingL
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  • TOP STORIES
    • 198 2 Source: The G Home sweet home It. L -l. -x- -1 Jfc 'winmwfh V ncmowiersnp a coniTion goat ror countries all around the worfcl. The share of homeowners in any population depends on many factors, ranging from income levels to ||sp Ipy m flf limma .0 <- v S
      Source: The G  -  198 words
    • 496 2  -  Schroders wins six awards, DBS Asset Management five By GENEVIEVE CUA [SINGAPORE] Fidelity Investments bagged the biggest haul of fund performance awards last night at an annual event hosted and organised by ratings agency Standard Poor's. Fidelity won 11 awards nine for
      ARTHUR LEE  -  496 words
    • 1023 2  -  K KESAVAPANY K KESAVAPANY, a director of the Institute of Southeast Asian Studies, recalls the life and times of Singapore's late former deputy prime minister IN NOVEMBER 1988. S Rajaratnam came to the Institute of Southeast Asian Studies as a Distinguished Senior Fellow. Up on a leafy hill
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    • 167 2 [SINGAPORE] The state funeral service for the late Sinnathamby Rajaratnam takes place today at the Esplanade Concert Hall from 2pm to 3pm for family and invited guests. At approximately 1.40pm, the body will be moved from Parliament House, where it is lying in state, to the
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    • 559 2  -  Some were visibly overcome by emotion at Rajaratnam's wake By DANIEL BUENAS [SINGAPORE] There were ministers and housewives, retirees and students. They came from all walks of life, but with one thought on their minds to say goodbye to former deputy prime minister S Rajaratnam.
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    • 545 2 Creative axes 100 from 3Dlabs CREATIVE Technology's U*****.7 million bet on the graphics market has suffered a setback, forcing the company to announce that its US-based graphics subsidiary 3Dlabs will axe 100 staff as it restructures its business. The affected staff are all from the unit's US operations.
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  • Page 2 Advertisements

  • RAFFLES CONVERSATION
    • 366 3 ONE of Philip Yeo's numerous "hobbies" involves golf courses, but you won't find him any time, any day—wielding a golf club on any fairway or green. He builds golf courses in Bintan but does not play the game. Indeed, he once said in official
      366 words
    • 1863 3  -  His may be the vision behind Singapore's Jurong Island petrochemical hub and the Biopolis, but the inimitable Philip Yeo tells ANNA TEO his legacy will be solely and entirely the scholars he is moulding ANNA TEO YOU can barely see the glass top of the long table
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    • 554 3 PHILIP Yeo may have raised some eyebrows when, just days after stepping down as cochairman of the Economic Development Board early this month, he became chairman of stem cell research firm ES Cell International. The head of the country's scientific R&D promotion and funding
      554 words
  • Page 3 Advertisements
    • 73 3 The Raffles Conversation is brought to you "V through a special arrangement with Raffles I 9 I International Hotels and Resorts. The Traveller's I I I Palm in the Raffles International logo is an apt symbol. Not only has water stored at the base of INTERNATIONAL this palm provided sustenance,
      73 words

  • COMPANY NEWS
    • 421 4  -  It'll shift focus to graphics hardware and software for portable handhelds By ROLAND LIM CREATIVE Technology's U*****.7 million bet on the graphics market has suffered a setback, forcing the company to announce that its US graphics subsidiary 3Dlabs will axe 100 staff as it restructures
      421 words
    • 164 4 OVERSEA-CHINESE Banking Corporation is calling for bids for its Kim Seng Road residential development site. The tender, which will be launched through Knight Frank Pte Ltd on Wednesday (March 1), will close on March 30. The 159,074-square feet freehold site is
      164 words
    • 308 4  -  By ARTHUR SIM CHINESE property developer Sunshine Holdings is seeking mainboard listing on the Singapore Exchange and has lodged its. preliminary prospectus with the Monetary Authority of Singapore. The size of the initial public offering (IPO) is not yet known. UOB Asia has
      308 words
    • 360 4 PACIFIC Century Insurance Holdings (PCIH), the Hong Kong insurance arm of Pacific Century Regional Developments which last month disclosed the discovery of inadvertent material profit mis-statements, said its chief financial officer has resigned. In a business review note accompanying its financial results report, PCIH also
      360 words
    • 462 4  -  Increased output at 2 oilfields raises its 2005 profit 18.5% By RONNIE LIM NICHE oilfield operator Sky China Petroleum Services expects to boost its revenue stream with two new projects this year. Company officials disclosed this to BT yesterday after Sky reported
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    • 243 4 EASTGATE Technology yesterday said the Criminal Investigation Department has issued it a "stern warning" concerning a possible infringement of copyright related to the production of audio, compact discs for a customer in 2003. "The company wishes to inform that the Intellectual Property Rights branch
      243 words
    • 516 4  -  STOCKS R SIVANITHY Senior Correspondent TWO features stand out in the past week for the local stock market China still holds plenty of allure and earnings play a big part, on the upside as well as downside. As for blue chips, much continues to
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    • 445 5  - Great Eastern reports 11 fall in Q4 earnings Full-year earnings down 7% to $373m in the absence of one-off gain By LESLIE YEE INSURANCE group Great Eastern Holdings (GEH) posted a net profit of $92 million for its fourth quarter ended Dec 31, 2005, down 11 per cent year-on-year. For
      445 words
    • 242 5  - Allgreen earnings up 25% as revenue rises 31 By KALPANA RASHIWALA ROBERT Kuok's Allgreen Properties' group net profit rose 25.2 per cent to $63.3 million for the year ended Dec 31,2005, on the back of a 31 per cent increase in revenue to $317.6 million. The bulk of the revenue
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    • 189 5  -  By CONRAD RAJ JEL Corporation (Holdings), a distributor of consumers goods, consumer electronics, IT, photographic and telecommunications products, yesterday reported only a 3.43 per cent rise in net earnings to $6.81 million for the year ended Dec 31 despite a nearly 50 per
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    • 323 5  -  By CONRAD TAN DEL Monte Pacific, best known for its tinned pineapples, yesterday reported a sharp drop in net profit for its 2005 fourth quarter due to higher tinplate and energy costs and exceptional expenses. Its net profit for the three months ended Dec
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    • 321 5  -  By ALEXANDRA HO UNITED Industrial Corporation Limited (UIC) reported a more than sixfold jump in 2005 net profit to $201.1 million from $31.8 million, helped strongly by the revaluation of its investment properties. For 2005, the surplus on revaluation of its investment properties
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    • 461 5  -  Strong earnings attributed to Pantai Hldgs acquisition By CONRAD RAJ PARKWAY Holdings, one of the region's leading healthcare service providers, posted strong earnings and profits for FY2005, largely due to the growth of its international hospitals division and contributions from its September acquisition of
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    • 183 5  -  By NANDE KHIN PAPER and pulp company United Fiber Systems (Unifiber) yesterday announced a marginal drop of one per cent in its FY2005 after-tax profit to $762,000, despite a 2 per cent rise in turnover to $94.5 million. Profit from operations actually climbed 16
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    • 160 5 ISETAN Singapore posted $9.7 million net profit for the year ended December 2005, reversing a $2.4 million net loss in the previous year. The retailer attributed the turnaround to a 14.9 per cent improvement in sales to $287.4 million, and a lower "other expenses" figure, which
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    • COMPANY BRIEFS
      • 123 5 FLASH memory driver maker Trek 2000 International Ltd yesterday reported a 358.5 per cent jump in net profit after tax to $4.8 million for FY 2005 on a 21.8 per cent rise in revenues to $171 million. Sales of its Thumb Drive range of products
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      • 148 5 SINGAPORE'S largest independent stock brokerage, Kim Eng Holdings, reported a net profit of $16.27 million for Q405, up from $15.94 million in the previous corresponding period. Its total revenue for the quarter dropped 9.58 per cent to $66.1 million. For the fiill year,
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      • 192 5 GK GOH yesterday reported a net loss of $0.4 million for Q405. For the fourth quarter, continuing operations returned a profit of $2.9 million, compared with a loss of $1.7 million a year ago. Discontinued operations reported a loss of $3.3 million, with $2.9 million
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      • 142 5 CHINA Enersave is proposing to undertake a capital reduction exercise by cancelling its paid-up share capital which was lost or unrepresented by available assets. As a result of changes introduced by the Companies (Amendment) Act 2005, China Enersave's issued and paid-up share capital increased by
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      • 92 5 SESDAQ-LISTED Semitech Electronics Ltd yesterday issued a profit warning for FY 2005. In its half-year financial statement in August last year, the company had said that it expected to be profitable for the year. "However, due mainly to losses incurred by one of the company's subsidiaries,
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      • 121 5 Reuters [HONG KONG] TPV Technology Ltd, the world's largest maker of computer monitors, was selling up to US$l3O million worth of new shares at a discount of 3.1 per cent to 6.7 per cent to its Hong Kong Friday closing price, according to
        Reuters  -  121 words
  • Page 4 Advertisements
    • 1075 4 ALLOMM moratTW UMITID Company AaftofraHen Ms.: *****1666N The Board of Director* Meha* to announce Vte to6owtog unaudNad mauii of toe Qraup tor 6m yeor ended 91 December 2006 ICOMMUPATWCOMimT—NT WHIM WAN Mo«C—l»666i MIW 9004 SSajOO ***** Tumowar OMfgiM M| MM iniwiat S»"- m 6horeorroatotoofeaaoalal»deompontoe,neiofiM H JB Pio6t baton toaanon MM
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  • Page 5 Advertisements
    • 84 5 BTHE MONETARY AUTHORITY OF SINGAPORE! I I Tenor Approximately 10 years I II Total Amount Allotted SGD 1,100,000,000 I I Non-Competitive Applications SGD 55,124,000 I Of which allotted to MAS Nil I Total Amount Applied SGD 2,375,021,000 I Cut-off Yield Price 3.45% p.a. and I Average Yield Price 3.39% p.a.
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  • PERSONAL INVESTMENT
    • Article, Illustration
      897 6  -  Compiled by NANDE KHIN United Overseas Bank Feb 24 dose: $14.70 UUSII IMIMI Col. *A NET profit in 4Q05 of $432 million was in line with market expectations, but the underlying performance in both interest income (up 6 per cent against 3Q05) and non-interest income (up 18 per cent
      Source: Bloomberg  -  897 words
    • 977 6 For week beginning Feb 20 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS Subunttel 8w Mo Of Mc* SMAKHOIDWG Trans Shareholder Soil Shores Mr Mora Mtm Stodi Dote Director Copy HB» shr S (too) f—> Hotel Plaza 23-FeM6 UOLLtd Buy 60 no *****5 77.33 *****5 77.34 Fragrance 23-feb-06 Lim Won Loot
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    • 1756 6  -  SHOW ME THE MONEY The equity risk premium has been accurate in signalling a buy or a sell point TEH HOOI LING Senior Correspondent A READER wrote in to say that he has been heavily invested in what he called the "watering
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  • Page 6 Advertisements

  • BT INVESTMENT ROUNDTABLE
    • 2940 7 OVERVIEW THE latest Budget did not deliver further cuts to the corporate tax rate as many had hoped, since Prime Minister and Finance Minister Lee Hsien Loong noted that the current rate was "highly competitive". But while there was no change on that front, there were
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  • SINGAPORE NEWS
    • 489 8  -  KNOWLEDGE HUB Li Ka-shing hails MM Lee's ideas at the opening of SMU library By DANIEL BUENAS A SOCIETY needs good corporate leaders who are driven by a strong passion for education, to give back to the community what they had gained, and by
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    • 331 8  -  ASIAN AEROSPACE 2000 By OH BOON PING FOR the first time, SATS has gained a foothold in the Middle East market via a collaboration with Qatar Aviation Services (QAS) for ground-handling operations at Doha airport. Yesterday, SATS Singapore Airport Terminal Services signed
      VP  -  331 words
    • 211 8  -  By OH BOON PING ASIAN Aerospace 2006 has yielded record deals in excess of US$l5 billion, 4 1 i times the amount at the 2004 show, and the biggest order book in a 25-year history. The cumulative order book, mainly in the commercial sector,
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    • 311 8  -  By GEORGE JOSEPH A DUBAI state-backed consortium, which has just announced a US$l5 billion plan for investments in the aviation sector, said yesterday that it's now setting up a university on aerospace studies to train talent for the industry. A formal link up with
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    • 425 8  -  By DONALD URQUHART A $10 million contribution by Neptune Orient Lines has kickstarted the NOL Fellowship in support of global transport research led by National University of Singapore (NUS). The fellowship, launched yesterday by Senior Minister Goh Chok Tong, who was NOL's managing
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    • 563 8  -  By RONNIE LIM WITH a Gas Network Code to ensure "open, competitive access" to pipelines within sight, Island Power, which had been blocked from transporting its gas through the Sumatra-Sin-gapore gas pipeline, now plans to have its US$9OO million power station up and running
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    • 300 8  -  By NANDE KHIN THE Job Re-creation Programme (JRP) is to get an extra $50 million to support its plan to recreate 10,000jobsayear. The Workforce Development Agency (WDA) is putting in $40 million of the new funding and $10 million is coming
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  • SPORTS BUSINESS
    • 1842 9  -  Sports industry spending is projected to top US$20b by end-2010, with Asia accounting for more than US$5.3b, writes OH BOON PING OH BOON PING S PORTS marketing may still be a relatively new concept to Singapore, but this is set to change over the next
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  • Page 9 Advertisements
    • 33 9 Singapore Sports Council The Singapore Sports Council (SSQ is Singapore's lead government agency for sports development It is the key driver behind initiatives to promote the sports industry sports participation and sports excellence.
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  • MALAYSIA
    • 742 10  -  COMMENTARY Criticism gets louder over comic strip in Umno-linked paper, clip on state TV By S JAYASANKARAN in Kuala Lumpur WHILE one controversy may be ebbing away, another may have just begun. First, Malaysian Prime Minister Abdullah Ahmad Badawi defused an escalating
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    • 6638 10 Transaction date: Feb 24 S2-Wk Tel iMt Vol Day Laet»w*i CrON Olv ATM Net Mg» hSTLS*. C-i-r S* IHW *Tu»lwrM» »cw HI >3 6 2 5716 1st Software Sc 2.5 unch 65 25 2.5 25 J JOJ iSS *1 St «KS~===S, as S »i g J. *»>« 'SJ
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    • BRIEFLY ASIA
      • 37 10 AFP [TOKYO] Japan and India yesterday signed an agreement to avoid double taxation, the first revision of their tax treaty since 1989, in a bid to boost slow-growing bilateral trade. —AFP
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      • 70 10 Bloomberg [KUALA LUMPUR] Discount carrier Air Asia Bhd had its second quarter of profit growth, the only Asian carrier to post a rise for the quarter ended Dec 31. Net income rose 20 per cent to RM53.4 million (5523.4 million), or 2.5 sen
        Bloomberg  -  70 words
      • 66 10 Reuters [NEW DELHI] Groups led by India's VSNL and British businessman Simon Murray are vying to buy stakes in telecoms firm Asia Netcom, the Chinese-owned former Asia Global Crossing, two sources familiar with talks said yesterday. Other groups—including two more from India were also
        Reuters  -  66 words
      • 64 10 Reuters [KUALA LUMPUR] Malaysian takeover target Southern Bank Bhd yesterday said it was reviewing the legality of its biggest shareholder's plan for a meeting of all shareholders to consider a $1.7 billion hostile bid. The shareholder, Killinghall (Malaysia) Bhd, had called in newspaper advertisements yesterday for
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    • 263 10 AP [KUALA LUMPUR] National carrier Malaysia Airlines may have suffered losses exceeding RMI billion (Ss43B million) in 2005, an industry official said yesterday. The official said the airline will repbrt loss of up to RM552 million for the final quarter of 2005, the
      AP  -  263 words

  • INDONESIA
    • 387 11 Officials will meet investors abroad to assess demand for the dollar bonds [JAKARTA] Indonesian officials plan to meet investors in Asia, Europe and the United States from Monday to gauge demand for a planned sale of at least US$l billion of bonds, three people involved
      ZAOBAO  -  387 words
    • 185 11 Reuters [JAKARTA] Indonesia's fifth-largest lender, PT Bank Danamon Tbk which is controlled by a consortium of Deutsche Bank and Singapore investment company Temasek Holdings, plans to seek two to three trillion rupiah (***** million) in loans, some of which could come from issuing rupiah bonds
      Reuters  -  185 words
    • 5676 11 Transaction Date: Feb 24 MOST ACTIVE STOCKS VOLUME VALUE Luzhou 98.630.000 DBSGrp 81.852.507 Sky Petrol 5c 35.012.000 Keooel Corp 50c 69.415.488 Celestial US6c 34.300.000 UQ8 62.540.942 China Sun HK25c 30.097.000 CapitaLand 46.964.862 ChinaEssen HK50c 28.987.000 SingTel 15c 43.458.786 DelonqSc 25.446.000 CitvDevSOc 40.562.557 Ferrochina 12c 21.952.000 SI A 50c 39.839.560
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  • GREATER CHINA
    • 368 12 IPO candidate Golden Eagle warned about leaks of pre-deal info [HONG KONG] Hong Kong Exchanges and Clearing has launched a crackdown on leakage of pre-deal research as listing candidate Golden Eagle International came under fire for leaks from its prospectus, according to the South
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    • 280 12 Reuters [BEIJING] People across China are hailing a simple winter coat as a sure sign that Chinese Premier Wen Jiabao is a man of the people. Glowing praise in the media and on the Internet is not for the coat's
      Reuters; REUTERS  -  280 words
    • 384 12 Reuters [SHANGHAI] The assetbacked securities (ABS) market in China may see a flood of new issues this year if second-tier lenders gain approval from Beijing' to unleash at least US$l billion of the instruments, bankers said on Thursday. Smaller domestic banks, eager to
      Reuters  -  384 words
    • 5413 12 UNIT TRUSTS FUNDS AIM Mara M Mgt (S para) Star Europe Eqty! 0-908/ Star Europe Borid 1.17* Star Europe Bal 1-162/ Star Asian Tiger Eqty 1-173/ Star AM Bond 13W Stv Asia 1.084/ Star GkAal Technology fundi** 0209/ MuWStfd 1-053/ Star Asia Bond(USD) 0.806/ 61b Mi* St USD 1-133/ Asia
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  • Page 12 Advertisements

  • INDIA
    • 310 13 Acquisition could cost up to US$1 billion, according to media reports Reuters [MUMBAI] India's diversified Videocon Industries Ltd will submit a bid to acquire South Korean appliances maker Daewoo Electronics, the Indian company's chairman said yesterday. Media reports have speculated it
      Reuters  -  310 words
    • 493 13 It plans to build 10.000 km of tracks for freight by 2010 Bloomberg [NEW DELHI] Indian Railways unveiled its biggest spending plan in a decade to build new tracks as faster economic growth stokes demand for transporting goods from coal to cars. Asia's oldest
      Bloomberg; BLOOMBERG  -  493 words
    • 217 13 Reuters [MUMBAI] Global talk of gold as a good investment bet has encouraged greater numbers of Indians to buy the yellow metal, a senior World Gold Council (WGC) official said on Thursday. "There has been a growing awareness of gold as
      Reuters  -  217 words
  • Page 13 Advertisements
    • 1077 13 HOBEEGROUP HO BEE INVESTMENT LTD (Co. Regn. Mo. *****2361 M) SUMMARY FULLYEAH FINANCIAL STATEMENT AND DMOEND ANNOUNCEMENT THE GROUP FOR THE YEAR ENDED 31 ST DECEMBER 2006 (UNAUOTTEO) BiQuMrhMlWDie Yaw Ended 31st Dec 1) GROUP PROFTT AND LOSS ACCOUNT 2006 2004 OhanßS 2006 8004 Ct-n For The Fourth Quarter And
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  • ASIA-PACIFIC/WORLD
    • 664 14  -  Move a bid to blunt opposition to its takeover of P&O's port operations By CLARENCE MICHAEL in Dubai DUBAI Ports World has agreed to delay plans to take control of six major US ports, in a bid to blunt
      BLOOMBERG  -  664 words
    • 2379 14 vol KbM KM W- fMt> A M Realty 1.39 -0.02 2 Abric .0.32 0.01 20 ACP Industries 0.70 unch 226 Advance Synergy .0.18 0.01 1406 Advent* .0.29 inch 126 AE Mutti 0J6 unch 404 Affin Hldgs .1.62 unch 534 AhmadZakiRes 1.47 0.09 106 AlCCorp 1.04 unch 438 Air
      2,379 words
    • 428 14 Bloomberg [DUBAI] Saudi Prince Alwaleed bin Talal, who amassed the world's fifth* largest fortune with investments in companies including Citigroup, now plans what may be this year's biggest initial stock sale. Prince Alwaleed wants to raise about US$6 billion by selling a
      Bloomberg; BLOOMBERG  -  428 words
    • 375 14 Reuters [DUBAI] An explosion rocked Saudi Arabia's huge Abqaiq oil facility in the east of the kingdom yesterday. An official said Saudi forces had thwarted suicide bomb attacks against the world's biggest oil exporter. Saudi Arabia's oil minister Alial-Naimi said the
      Reuters  -  375 words
    • 280 14 LATEST US DATA Reuters. AP. Bloomberg [WASHINGTON] New orders for US-made big-ticket durable goods plunged 10.2 per cent in January, the biggest drop in 5 V* years, as non-defence aircraft orders posted their largest decline since December 1998, the Commerce Department reported yesterday. The weakness
      Reuters.; AP.; Bloomberg  -  280 words
    • WORLD WATCH
      • 102 14 Conditions to shift BOJ policy 'being met' Bloomberg [TOKYO} Bank of Japan governor Toshihiko Fukui said the conditions under which the bank will change its five-year deflationfighting policy are "gradually" being met The central bank has pledged to stick with its policy of pumping cash into the economy and holding
        Bloomberg  -  102 words
      • 83 14 Bloomberg [PARIS] Arcelor SA,. which is subject to a hostile takeover bid from Mittal Steel Co, agreed to buy a 38.41 per cent stake in Laiwu Steel Corp from the Chinese company's parent. It will pay 5.888 yuan a share for the
        Bloomberg  -  83 words
      • 92 14 Reuters [SEOUL] KT&G shares surged yesterday after Carl Icahn and another US investor offered to buy the tobacco maker, valuing it at US$lO billion, in the first hostile foreign bid for a major South Korean firm. Billionaire investor Icahn and Steel Partners offered to
        Reuters  -  92 words
    • 286 14 AP [WASHINGTON] Income growth stumbled at the family doorstep in the US in 2004, new government figures show, declining by 2.3 per cent after adjustment for inflation. The Federal Reserve also reported yesterday that net worth grew, although at a slower pace
      AP  -  286 words

  • MOTORING
    • 737 15  -  All-wheel-drive and lots of power crammed into a compact package. But the Volkswagen Golf R32 and Subaru WKX STi are as alike as sauerkraut and sushi. SAMUEL EE drives two very different road rockets SAMUEL EE CONFIDENT but not cocky. Understated, yet undeniably attractive. There's something uncanny
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    • 623 15 TO put it mildly, the old Subaru Impreza WRX STi was a bit psychologically disturbed. It had a personality which can be best described as either on or off. Depending on engine speed, either the power was on and you had a good time, or it was
      623 words
    • 223 15  -  By SAMUEL EE WITH six advance orders even before the price is known and the car unveiled next week at the Geneva Motor Show, the new Porsche 911 Turbo has generated "immense interest" among Porsche enthusiasts in Singapore, according to authorised distributor Stuttgart Auto. The price
      223 words
    • Article, Illustration
      243 15  -  By SAMUEL EE WHOEVER provided that breath of fresh air for Opel must have huge lungs. The rejuvenation of the once dowdy brand, which started with the Astra in 2004, shows no signs of abating. Next week, the German carmaker will premiere its new Opel GT at the
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  • GOLF
    • 1199 16  -  JUSTINE MOSS visits some of the more exciting courses in Egypt JUSTINE MOSS WHILE the game of golf may not be as old as Egypt's Pyramids of Giza, it's been around in this North African country for over 100 years. Indeed, the Egyptian Open,
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  • Page 16 Advertisements
    • 432 16 wine&dine withweekendBT -SB-il Ah Hoi's Kitchen Grand Hyatt Singapore l \'f quality authentic Italian cuisine,to 230pm. High Tea: Sat Sun and public holidays, 1230pm TixulersHoM 20ScottsRoad. TeL 6416 7114 I )M Tti 11 illIIHt I I t 5^Wni Tel: 6334 6166 jerry's Barbeque Grill establishment rfecipe of 'Mala" (tontalKing spicy)
      432 words

  • WELLNESS
    • 769 17 Studies show complex decisions are best made when people are distracted and unable to think consciously about the choice NYT SNAP judgments about people and places can be remarkably accurate, and there is no substitute for simple logic and reflection in determining questions like
      NYT; RLE PHOTO; BLOOMBERG  -  769 words
    • 294 17 Reuters [NEW YORK] Among women not using hormone therapy, obesity and the byproducts of oestrogen breakdown appear to raise the risk of breast cancer, according to findings published in the International Journal of Cancer. "Hormone therapy and body mass index (BMI) have been
      Reuters  -  294 words
  • Page 17 Advertisements
    • 947 17 I td I Toronto Dominion bank I CONSOLIDATED BALANCE SHEET CONSOLIDATED STATEMENT OF I As at October 31 INCOME I (millions of dollars) For the years ended October 31 2005 2004 (millions of dollars) Cash and due from banks 1,673 1,404 2 004 Interest bearing deposits with banks 11,745 7,634
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  • Page 17 Miscellaneous
    • 274 17 CRYPTIC CROSSWORD 6 Singers from the British LeACROSS gion in the woods? (7) 1 Outdo? (6,5) 7 Objective supporting Church--10 Girls going topless-the fools! man from the West, for exam- pie (8,5) 11 Drink pep with beer (6,3) 8 Croatian dress? (8) Changing gear in the sand g p rov
      274 words

  • SHOPPING
    • 844 18  -  Coty is eyeing Asia, after its heady conquest of the US market with its fragrances. CHEAH UI-HOON reports CHEAH UI-HOON THE world's largest fragrance company, Coty Inc, is setting its sights on Asia now, after successfully wafting to the top of the American market, making it
      ARTHUR LIE  -  844 words
    • 907 18  -  Adding colour to the tranquil neighbourhood is a new concept boutique. CHEAH UI-HOON checks it out CHEAH UI-HOON DEMPSEY Road has long been a well-known shopping hub for teak furniture, but a smallsized concept store with a sassy name, Rouge, is bringing a soft
      ARTHUR LEE  -  907 words

  • TRAVEL
    • Article, Illustration
      1187 19  - Regal cool With its many elegant historic museums, modern art galleries and shopping malls, Stockholm is one enticing city. GEOFFREY EU samples its charms GEOFFREY EU STOCKHOLM is both charming and civilised a wonderfully dramatic yet relatively understated northern European capital but it can still seem downright ordinary on a
      R RYAN/STOCKHOLM INFORMATION SERVICE; GEOFFRY EU  -  1,187 words

  • THE BUSINESS TIMES weekend
    • 1415 20  -  Twenty-four varieties of beer, 150 types of Mexican liqueur and some 900 labels of wine to be exact, so CHEAH UI-HOON discovers while spending a balmy evening down by the Singapore River CHEAH UI-HOON f> m m E'RE just going 11 m to have to
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    • 874 20  -  GEOFFREY EU visits the Chocolate Show, which clearly demonstrates that a chocolate lover's wet dream can come true GEOFFREY EU THERE was no naked woman luxuriating in a bathtub filled with dark chocolate, but there was just about everything else. The Chocolate Show basically a chocolate lover's wet
      874 words
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