The Business Times, 3 March 2007
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2007-03-03
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The Business Times
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Title Section24 2007-03-03 1 THE BUSINESS TIMES weekend A SINGAPORE PRESS HOLDINGS PUBLICATION MICA (P) 202/12/2006 SINGAPORE 85 cents March 3-4, 2007 online at http. bifsmess-times asial.com sg24 words
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1036 2007-03-03 1 KALPANA RASHIWALA - Power to award higher payout to valid dissenters, stricter rule on sale committees among other suggestions By KALPANA RASHIWALA [SINGAPORE] The government is proposing an additional requirement on the definition of majority consent for en bloc property sales. Such sales must1,036 words
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Article134 2007-03-03 1 STI 3,078.74 (-13.84) ST INDEX FUTURES 3,383.00 (-15.00) SIMSCI 376.73 (-0.82) SIMSO FUTURES 374.90 (-1.80) MARKETS Friday Change KLCOMP 1,164.68 -16.23 NIKKEI 225 17,217.93 -235.58 HANG SENG 19,442.01 +95.41 SET 'NDEX 679.02 -1-58 JAKARTA COMP 1,760.02 +0.53 MANILA COMP 3,140.34 -49.78 SEOUL COMP 1.414.47 -2.87 SHENZHEN B 493.01134 words
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Article, Illustration504 2007-03-03 1 MATTHEW PHAN - By MATTHEW PHAN [SINGAPORE] The government is reviewing civil servants' wages for the first time on a broad level since 2000 and expects to announce changes next month, Defence Minister Teo Chee Hean told Parliament yesterday. Public sector wages will be moved504 words
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Page 1 Advertisements
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Advertisement11 2007-03-03 1 STOCK MARKETS The big meltdown: how it could happen PAGE 411 words
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Advertisement15 2007-03-03 1 SHOPPING S'pore couturier Tan Yoong to Hollywood The Largest Private Medical Centre in the Region15 words
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Advertisement11 2007-03-03 1 Monotoring Driving Citibank Jonathan Larsen, the chief executive of Citibank Singapore11 words
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TOP STORIES
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547 2007-03-03 2 JANE MOIR - Many consider it a government compromise with vested interests By JANE MOIR Hong Kong HONG KONG securities chiefs have unveiled a longawaited Bill to give statutory backing to the city's listing rules, but some legislators fear the proposed law may lack teeth. The547 words
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Article, Illustration909 2007-03-03 2 Benita Aw Yeong Janice Heng - By Benita Aw Yeong Janice Heng [SINGAPORE] In Chinese tradition, a new year calls for new clothes. This year, banks, hoteliers and restaurants seem to agree. Since Christmas, half-a-dozen banks and hotels have unveiled new outfits for frontline staff. A new look909 words
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Article353 2007-03-03 2 CHEN HUIFEN - By CHEN HUIFEN [SINGAPORE] Temasek Holdings is expected to do well this year and will continue to pay dividends to the government. Minister of State for Finance Lim Hwee Hua told Parliament yesterday. "Temasek manages a diversified portfolio and takes concentrated risks," she353 words
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543 2007-03-03 2 KALPANA RASHIWALA - By KALPANA RASHIWALA [SINGAPORE] Market watchers yesterday gave mixed views on how much the proposed changes to the rules for en bloc sales are likely to affect collective sales. Some, like CB Richard Ellis executive director Jeremy Lake, reckon that by543 words
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Article425 2007-03-03 2 Banks forking out even more these days for compliance BANKS' compliance costs, already a burden on expenses, show no sign of letting up as the regulator gets tough on mis-selling. Local and foreign banks such as DBS, UOB, Maybank and Stanchart say their compliance teams have been growing425 words
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Article60 2007-03-03 2 IN "Venture's CEO sees sales increasing in '07" (BT, March 2), chief executive Wong Ngit Liong was reported by a news service as having said: "We're comfortable that we can achieve double-digit growth rate." Venture Corp has clarified that Mr Wong was actually reiterating that he was comfortable with60 words
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Page 2 Advertisements
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Advertisement9 2007-03-03 2 AWARDS 2007 Dinner presentation, 9th March 2007. The Ballroom.9 words
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RAFFLES CONVERSATION
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Article, Illustration2381 2007-03-03 3 Conrad Raj - In the cut-throat world of consumer banking, Jonathan Larsen, head of Citibank Singapore, shows he has what it takes to transform the smallest of the locally incorporated banks into a force to be reckoned with. CONRAD RAJ reports Conrad Raj w HEN Jonathan Larsen joined Citibank lessARTHUR LEE - 2,381 words
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Page 3 Advertisements
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Advertisement58 2007-03-03 3 The Raffles Conversation is brought to you through a special arrangement with Raffles Hotels and Resorts. The Traveller's Palm in the Raffles Hotels and Resorts logo is an apt symbol. Not only has water stored at the base of this palm provided sustenance, the leaves rest in an "east-west" direction,58 words
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MARKETS IN TURMOIL
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764 2007-03-03 4 COMMENTARY Take a leap into the future it's easy to see then that it was mostly irrational complacency, says PAUL KRUGMAN NYT [NEW YORK] FEB 27, 2008 The great market HE great market meltdown of 2007 began exactly a year ago, with aNYT - 764 words
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691 2007-03-03 4 ANDREW MARKS - By ANDREW MARKS in New York WITH Asia's markets still in turmoil and equities in Europe suffering another round of losses, the US market started yesterday with another decline. An earnings warning before the market opening from Dell didn't help soothe market jitters,691 words
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546 2007-03-03 4 ANTHONY ROWLEY - By ANTHONY ROWLEY in Tokyo THERE will be no meltdown in currency or stock markets despite recent turbulence but "adjustments", could continue for several weeks before markets stabilise, Japan's former 'Mr Yen', Eisuke Sakakibara, claimed yesterday. The former Japanese vice-finance minister for international546 words
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Article, Illustration309 2007-03-03 4 Bloomberg [NEW YORK] The US government needs to take action to address the amount of for-eign-held US debt after receiving a "wakeup call" in the form of a global market sell-off. New York Senator Hillary Clinton said. Mrs Clinton, a Democratic presidentialBloomberg; REUTERS - 309 words
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Article, Illustration921 2007-03-03 4 NYT [WASHINGTON] They are marketed as "intimate conversations" with Alan Greenspan, and groups pay about USSISO,OOO to hear his economic outlook. But on Thursday, for the second time this week, these private chats went very public, jolting financial markets around the world and upstagingNYT; AFP - 921 words
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COMPANY NEWS
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451 2007-03-03 5 DANIEL BUENAS - By DANIEL BUENAS HUMAN resources technology company integra2000, which was at the centre of multiple boardroom battles last year, said that it has not been able to access the management accounts of its US subsidiaries divested in 2006. "The current board451 words
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Article, Illustration676 2007-03-03 5 SIOW LI SEN - Higher risk mgmt standards, plus MAS gets tougher on mis-selling By SIOW LI SEN BANKS' compliance costs, already a burden on expenses, show no sign of letting up as the regulator gets tough on mis-selling. Local and foreign banks such as676 words
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Article, Illustration587 2007-03-03 5 R SIVANITHY - STOCKS Analysts say it's a bull market correction, not start of a bear market R SIVANITHY Senior Correspondent TO SAY that it has been a bad week for stocks would be a bit of an understatement the Straits Times Index (STI) began theAP - 587 words
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228 2007-03-03 5 LEGG Mason International Equities (S) has emerged as a substantial shareholder of Jiutian Chemical Group following the latter's completion of a new-share placement. Jiutian said yesterday that Legg Mason, which has been one of its key institutional investors since listing, bought a228 words
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Page 5 Advertisements
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Advertisement586 2007-03-03 5 Mandatory Unconditional Cash Offer by Morgan Stanley MORGAN STANLEY DEAN WITTER ASIA (SINGAPORE) PTE. (Incorporated in the Republic of Singapore) (Company Registration No. *****6298Z) for and on behalf of TOKIO MARINE NICHIDO TOKIO MARINE NICHIDO FIRE INSURANCE CO., LTD. (Incorporated in Japan) (Company Registration No. 0199-01-*****4) to acquire all the586 words
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PERSONAL INVESTMENT
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Article, Illustration510 2007-03-03 6 UMA SHANKARI - Compiled by UMA SHANKARI SC Global counting charge which will be realised in the future, this affects the dividend payout as the dividend policy is based on net profit. Near-term outlook: Given the robust recovery seen in the drybulk sector in September 2006, confidence in this sector remains strong.Source Bloomberg - 510 words
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Article993 2007-03-03 6 For week beginning Feb 26 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS Subsantial Buy No of Prka SHAREHOLDING Trans Shareholder/ Sen Shares Par lofor* After Stock Date Director Conv '000 Shr COOP) C000) HLN Tech 2-Mar-07 Ng Khoon Seng Buy I960 0 36 4079 4.16 6039 6.16 HLN Tech 2993 words
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Article, Illustration1437 2007-03-03 6 TEH HOOI LING - SHOW ME THE MONEY TEH HOOI LING Senior Correspondent E VERY year around October and for the past eight years now, Forbes has published its list of the "Best Under A Billion" list of companies in the AsiaPacific. In its 2004 issue, it1,437 words
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Page 6 Advertisements
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COMPANY NEWS
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Article607 2007-03-03 7 It is adding 19 new vessels in the next 3 years SINGAPORE-LISTED marine engineering firm Swiber Holdings said yesterday that it would treble the size of its fleet in the next three years by adding 19 new vossels. Swiber builds and installs parts of offshore607 words
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Article, Illustration410 2007-03-03 7 OH BOON PING - Full-year earnings also fell 35.5%, but group expects 2007 results to be better By OH BOON PING HI-P International has suffered a more than one-third fall in fourth-quarter and full-year earnings for 2006, but says it remains positive about its prospects. For410 words
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Article, Illustration83 2007-03-03 7 TO CELEBRATE the Chinese New Year, 14 OCBCBank employees donned the vibrant lion dance costume and visited all 18 divisions, as well as the bank's in-house childcare centre, to perform the traditional lion dance. On hand to welcome the lion dancers and to accept the scrolls bearing auspicious83 words
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204 2007-03-03 7 INTER-ROLLER Engineering has sold a Suntec property in a disposal that would yield a pre-tax gain of about $10.85 million. The purchaser yesterday exercised an option, which was issued by wholly owned subsidiary Inter-Roller Investments, to buy the property at Suntec Tower 1 for204 words
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Article305 2007-03-03 7 Darco gets 15 projects worth about $17.4m DARCO Water Technologies said it has secured 15 water and wastewater treatment projects in the industrial sectors, worth an estimated $17.4 million, which are expected to have a positive material impact on the revenue of the group for the year ending305 words
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Page 7 Advertisements
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Advertisement225 2007-03-03 7 Cats Notices IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF UNI-STRONG INDUSTRIES PTE LTD. (Co. Reg. No. *****2199 C) (MEMBERS' VOLUNTARY WINDING-UP) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308(2) of the Companies Act, Cap. 50 that the final meeting225 words
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Advertisement651 2007-03-03 7 LTD (Incorporated in the Republic of Singapore) (Company Registration no. *****1299R) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Koda Ud (the "Company") will be held at The Pines, Pines Room, 30 Stevens Road, Singapore *****0 on 23 March 2007 at 10am for651 words
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SINGAPORE NEWS
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370 2007-03-03 8 ARTHUR SIM - It bought Swissotel Merchant Court and another hotel this year By ARTHUR SIM LASALLE Investment Management (LIM) has entered the Singapore hotels sector in a big way. The investment manager has quietly acquired the Swissotel Merchant Court from Colony Capital in January and370 words
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Article, Illustration378 2007-03-03 8 MATTHEW PHAN - Dialogue also aimed at gauging grassroots leaders' reactions By MATTHEW PHAN NOT everyone of the more than 200 people at a postBudget dialogue with Senior Minister Goh Chok Tong yesterday evening raised his hand when the minister asked how many thought it perfect,378 words
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Article174 2007-03-03 8 FORMER chief justice Yong Pung How is to chair the first advisory board of Singapore Management University's new School of Law which was appointed yesterday. The 13-member advisory board will provide advice and guidance to the Deanery of the School of Law. The other board174 words
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Article130 2007-03-03 8 Singapore-Canada free trade talks conclude SINGAPORE and Canada's seventh round of negotiations for a free trade agreement ended yesterday, said Singapore's Ministry of Trade and Industry. "Good progress" was made on trade in goods and services, as well as dispute settlement and investment. Both countries are committed to130 words
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Article8 2007-03-03 8 UNIT TRUSTS FUNDS Legend: All prices are indicative8 words
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Article, Illustration225 2007-03-03 9 Naturalised Singapore citizens in the corporate work) Wong Ngit Liong Chairman and CEO, Venture Group COUNTRY OF ORIGIN: Malaysia Heads Singapore's largest contract manufacturer (in terms of revenue) Also sits on the boards of SIA Engineering, DBS Group and Royal Philips Electronics Managing director, Wing TaiLandPte Ltd225 words
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467 2007-03-03 9 MATTHEW PHAN - Without inflow, population could start falling by 2020: Kan Seng By MATTHEW PHAN SINGAPORE must take action to attract and retain skilled immigrants, as not enough citizens are born locally to keep the country's population growing at an economic level, Deputy Prime Minister Wong467 words
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Article210 2007-03-03 9 DIY terrorists detected in Singapore DO-IT-YOURSELF terrorists are a new threat Singapore is facing. According to Deputy Prime Minister Wong Kan Seng, these are "individuals who are self-radicalised through exposure to terrorist ideology, often through the Net". Mr Wong, who is also the Minister of Home Affairs, said210 words
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Article, Illustration438 2007-03-03 9 VEN SREENIVASAN - By VEN SREENIVASAN RECENTLY established European private banking group Clariden Leu has emerged as the lead sponsor for the Singapore Masters 2007 golf tournament, replacing OSIM International which quit the event after just one year in 2006. While no funding figures were438 words
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336 2007-03-03 9 MATTHEW PHAN - By MATTHEW PHAN OVERSEAS Singaporeans could find it easier to vote in future elections here as a result of a review announced in Parliament yesterday by Deputy Prime Minister Wong Kan Seng, who was responding to a question from Worker's Party chairman Sylvia Lim.336 words
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204 2007-03-03 9 THE supply of granite from Indonesia has been disrupted in the past few days, the Ministry of National Development (MND) said yesterday. The Indonesian authorities are understood to have stepped up checks on barges carrying granite aggregate and granite dust to Singapore. And some204 words
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325 2007-03-03 9 CHEN HUIFEN - It covers charities, co-operatives and societies as well By CHEN HUIFEN THE government will set up an Accounting Standards Board (ASB) to issue standards for entities outside the public sector, such as charities, societies and cooperatives. Revealing the decision in Parliament yesterday, Minister of325 words
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327 2007-03-03 9 Wee Li-En Oh Boon Ping - By Wee Li-En Oh Boon Ping A NEW scheme to help bankrupts regain financial health was proposed yesterday in Parliament. Debtors who owe less than $100,000 will be allowed to propose a repayment plan that must be completed within five years under the327 words
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Page 8 Advertisements
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Advertisement26 2007-03-03 8 You can now use your CPF savings to invest in AllianzGI RCM Global Allianz High Payout Fund. Visit our appointed distributors for more details. Global investors26 words
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Page 9 Advertisements
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MALAYSIA
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608 2007-03-03 10 PAULINE NG - S'pore businessman gains as more M'sian women turn to Muslim headgear By PAULINE NG in Kuala Lumpur TOWERING at more than six feet and solidly built, Deepak Sharma is used to getting the once over when he tells people his business. "People look608 words
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295 2007-03-03 10 Bloomberg [KUALA LUMPURI The Malaysian ringgit posted the biggest weekly drop in more than three months, as a slide in stocks spurred concern that overseas investors will withdraw funds from the nation. Bonds rose. The currency fell forBloomberg - 295 words
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343 2007-03-03 10 AP, Bloomberg [KUALA LUMPUR] Malaysian Prime Minister Abdullah Ahmad Badawi has ordered a thorough probe into corruption allegations surrounding the country's top graft buster, the national news agency reported yesterday. On an official visit to Yemen, Mr Abdullah said he had personallyAP, Bloomberg - 343 words
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INDONESIA
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Article6153 2007-03-03 11 Transaction Date: Mar 2 MOST ACTIVE STOCKS VOLUME VALUE Genlntl 142.200,000 PBSGrp 186,333.549 Sapphire 130.568.000 SingTel 161.1SS.8S2 Jasper 85.41 5.000 SGX 142.486.087 Piqiland 69.843.000 Caoitaland 128.65S.494 SingTel 52,577.000 UQB 124.703.478 STATSChP 51.325.000 Genlntl 117.348,835 'SlafCruses 43.642.000 OCBCBk 100.526.300 UTAC 39.867.000 STATSChP 93.362.660 GuthrieGTS 36.653.000 KeooelCorp 61.506.000 PPCCorp 33,862.000 Ascendasrett6,153 words
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Article, Illustration554 2007-03-03 11 LAUREL TEO - It showcases its attractions at two-day trade fair in Jakarta By LAUREL TEO in Jakarta GAMBLING haven Macau has launched a campaign to woo Indonesian casinogoers and other tourists well before upcoming integrated resorts in Singapore will be ready to compete. The tourism office ofAF - 554 words
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GREATER CHINA
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366 2007-03-03 12 AP [RALEIGH] Chinese PC maker Lenovo Inc recalled about 205,000 laptop computer batteries made by Japan's Sanyo Electric Co, warning that they could overheat and cause a fire. The worldwide battery recall announced on Thursday was the second for the company in the pastAP - 366 words
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Article, Illustration413 2007-03-03 12 Casino magnate Sheldon Adelson says the Chinese have a good life AP [MACAU] Casino tycoon Sheldon Adelson, one of America's richest men, dismissed critics of China on Thursday, saying that the Chinese are living a good life and the United States should not tryAP - 413 words
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483 2007-03-03 12 Reuters [HONG KONG] French lender Societe Generale (SocGen), looking to tap surging wealth in Asia, aims to enter China's nascent private banking market as part of the firm's broader push into the booming country, a top executive said. SocGen, which lost out toReuters - 483 words
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179 2007-03-03 12 Reuters [HONG KONG] China's Yangzijiang Shipbuilding Ltd will begin marketing a Singapore initial public offering worth up to US$800 million this month, according to a note sent to investors yesterday. Yangzijiang, which is based in the coastal province of Jiangsu, near Shanghai, will holdReuters - 179 words
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283 2007-03-03 12 Reuters [BEIJING] China software services firm hiSoft Technology International Ltd., flush with cash from booming sales and hungry for acquisitions, is confidently turning away offers to help finance its battle against its giant Indian rivals. Although the decade-old firmReuters - 283 words
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399 2007-03-03 12 Gao on bail pending immigration proceedings AP [VANCOUVER] A former Bank of China (BOC) official accused by Beijing of embezzlement has again been ordered released by a Canadian court pending the start of immigration proceedings next month. Gao Shan had beenAP - 399 words
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Article, Illustration446 2007-03-03 12 It showcases new royal tomb finds, Han period museum AFP [XIAN] China's ancient capital of Xian is gearing up for a tourist rush ahead of the 2008 Olympics with a wealth of new archaeological finds being prepared for display. Not only is the heavilyAFP - 446 words
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BRIEFLY ASIA
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47 2007-03-03 12 Bloomberg [MUMBAI] The Singapore government spent 433 million rupees (5514.9 million) to acquire 4.73 million shares, or 1.1 per cent, in Indian Bank, which had its trading debut yesterday, according to information posted on the Bombay Stock Exchange website.Bloomberg - 47 words
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98 2007-03-03 12 Reuters [HONG KONG] Shares of Pacific Century Insurance Holdings jumped as much as 36.7 per cent to a record high yesterday after Belgian-Dutch financial services group Fortis said it planned to pay about US$453 million for a controlling stake in the insurance firm.Reuters - 98 words
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73 2007-03-03 12 Reuters [KUALA LUMPUR] Malaysian auto and banking group DRB-Hicom has received central bank approval to start talks with US private equity firm Newbridge Capital on the possible sale of DRB's stake of 20.2 per cent in lender EON Capital Bhd, said DRBReuters - 73 words
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101 2007-03-03 12 Reuters [BEIJING] China yesterday ordered banks and non-bank financial institutions to slash their short-term overseas borrowings to help bring the country's external payments into better balance and to spur use of its domestic markets. The State Administration of Foreign Exchange (Safe) ordered domesticReuters - 101 words
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72 2007-03-03 12 Reuters [JAKARTA] The impact of recent devastating floods in parts of Indonesia and higher spending on agriculture is set to push the budget deficit above a target of 1.1 per cent of GDP this year, the finance minister said yesterday. DespiteReuters - 72 words
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INDIA
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454 2007-03-03 13 [NEW DELHI] India's cement industry and finance ministry appear headed for a face-off, according to a report in Business Standard. Contrary to Finance Minister P Chidambaram's anticipation that cement companies will take a price cut to benefit from the dual duty structure, the454 words
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Article2496 2007-03-03 13 VOl Mar 2 MM COM) A M Realty 1.45 -0.02 19 AbricBhd 0.33 undi 97 Acp Industries 1.S6 -0.05 830 Advance Synergy 0.28 -0.02 1739 AdventaBhd _0J1 -0.01 22 Ae Multi Hldgs 0.36 undi 248 Affin Holdings 2.15 -0.04 4293 Ahmad ZakiResou .2.40 -0.05 64 AicCorp ....0.61 -0.032,496 words
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532 2007-03-03 13 But analysts say supply measures needed in long term Reuters [NEW DELHI] Duty cuts in India's budget will take some of the sting out of inflation in coming weeks, but in the longer term Asia's fourth-largest economy will have to getReuters - 532 words
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308 2007-03-03 13 Reuters [MUMBAI] Hutchison Telecommunications International Ltd has asked Indian courts to keep it informed of any legal suit filed by the Ruias, its former Indian mobile phone joint venture partner. A spokeswoman said it was a routine procedure to protect the company'sReuters - 308 words
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Article, Illustration580 2007-03-03 13 New entity with 30,000 staff to retain public sector character The Economic Times [NEW DELHI] The Union Cabinet has given the final nod on the mega-merger of the two national carriers. Air India and Indian. The merger would turn the new entityThe Economic Times; BLOOMBERG - 580 words
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Page 13 Advertisements
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Advertisement9 2007-03-03 13 Tune in to Radio 100.3 Your Choice Infotainment Station9 words
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ASIA-PACIFIC/WORLD
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Article, Illustration880 2007-03-03 14 Civil charges levied against 11 people, 2 hedge funds, and day-trading firm LAT-WP [NEW YORK] Wall Street executive Mitchel Guttenberg sat down with his friend Erik Franklin in Manhattan's famed Oyster Bar about five years ago to discuss repaying a U5525,000 loan. ButLAT-WP; Source Bloomberg - 880 words
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Article, Illustration498 2007-03-03 14 NYT, Bloomberg, Reuters [NEW YORK] Wanted: a promising junior executive to take over the investment portfolio of one of the world's most successful investors. Warren E Buffett, chairman of Berkshire Hathaway. said in his annual letter to shareholders on Thursday that he was seeking aNYT, Bloomberg, Reuters - 498 words
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209 2007-03-03 14 AP [SIEM REAP, Cambodia] South-east Asian nations hope to finish a draft of their long-awaited charter by the end of the year, Cambodia's foreign minister said yesterday. The charter, aimed at creating a more formalised regional bloc, was one of several issuesAP - 209 words
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WORLD WATCH
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Article74 2007-03-03 14 Reuters [TOKYO] Japan's Osaka Securities Exchange Co and the Taiwan Stock Exchange Corp said yesterday they had signed a memorandum of understanding to share information as a first step towards cross-listings and cross-border trade. A spokesman at the Osaka Securities Exchange, which has 1,074Reuters - 74 words
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113 2007-03-03 14 Reuters [MOUNTAIN VIEW, California] Google Inc disclosed in its 2006 annual report on Thursday that the US Securities and Exchange Commission (SEC) nearly a year ago had called into question how it accounted for income taxes. In its annual 10K securities filing, GoogleReuters - 113 words
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Article92 2007-03-03 14 Reuters ban, eyes new casinos Leisure group Rank said it was mulling bids for all of Britain's new casino licenses, including a Las Vegas-style supercasino, after its 2006 profit dropped as Scotland's smoking ban sapped its bingo revenues. Rank, which runs Mecca bingo clubs and GrosvenorReuters - 92 words
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65 2007-03-03 14 Bloomberg [NEW YORK] Citigroup will stop raising interest rates on credit-card customers who fail to repay loans from other banks, ending a practice that's drawn scrutiny from Congress. In addition to revising its policy on so-called "universal defaults", Citigroup also will no longer raise rates andBloomberg - 65 words
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70 2007-03-03 14 Bloomberg [NEW YORK] Dell Inc posted fourth-quarter profit and sales that trailed analysts' reduced estimates on Thursday. Net income was US$673 million, or 30 US cents a share. Sales totalled US$l4.4 billion, falling short of a US$l4.9 billion analysts' projection. Excluding some items,Bloomberg - 70 words
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Article, Illustration517 2007-03-03 14 Bloomberg [LONDON] HSBC Holdings, founded in Hong Kong and promoted in ads as "the world's local bank", had an edge when lending went global. Now, after a costly adventure in the US, the 142-year-old bank is scrambling to reclaim Asia. In his first yearBloomberg; AFP - 517 words
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396 2007-03-03 14 Shortage results in poaching, high turnover Reuters [NEW YORK] The war for talent, once mainly a concern for US companies' hiring at home, has gone global, especially as they scramble to hire in China and India. US manufacturers are sweetening jobs inReuters - 396 words
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MOTORING
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Article, Illustration743 2007-03-03 15 C Y Chew - An all-new entrant in D-segment, Chrysler Sebring boasts a high level of standard equipment, says C Y CHEW C Y Chew BEING different is a dou-ble-edged sword. If David Beckham decides to wear his Calvins over his jeans, he can probably get away with it. But743 words
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Article, Illustration768 2007-03-03 15 Samuel Ee - Two new models were unveiled this week and they both look very much like the respective cars they replace. Yet the biggest difference is to be found under the hood, writes SAMUEL EE Samuel Ee WHY does anyone buy a Vertu instead of an ordinary Nokia? Why choose768 words
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Article, Illustration529 2007-03-03 15 IT may have the smallest engine in the line-up but the Porsche Cayenne is the fastest out of the showroom. Four years after Porsche unveiled its super sporty SUV model, a new generation is being launched this weekend. But even as the Cayenne Turbo.529 words
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GOLF
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Article721 2007-03-03 16 Cafebiz Traders Hotel, Lobby level. Tel: *****374 Cafebiz offers exotic Asian and local cuisine as well as global cuisine for buffet and a la carte dining. Specialties include traditional hand-made lamian, tandoori (fishes and Chinese-style roasted meats. Don't miss the stellar range of wines and champagne721 words
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Article, Illustration1070 2007-03-03 16 Justine Moss - Unlike in tennis, there's no good news for women golfers, writes JUSTINE MOSS Justine Moss THE sensitive issue of equal prize money for men and women in sports cropped up once again last week, but this time it was good news for the fairerPHOTOS: AP - 1,070 words
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WELLNESS
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Article, Illustration503 2007-03-03 17 CHEAH UI-HOON - When your exercise time is also a bit of a get-away-from-it-all time, then check out these two centres which offer targeted toning and also an ambience that's good for the soul By CHEAH UI-HOON POWERMOVES Aramsa-The Garden Spa r Bishan Park ll off Ang Mo503 words
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1109 2007-03-03 17 Data shows surgery may be better option amid new safety concerns over long-term risks of stents NYT AFTER more than a decade-long decline, is heart bypass surgery poised for a comeback? Some doctors say it may be time to give bypass operationsNYT - 1,109 words
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Article, Illustration511 2007-03-03 17 MELISSA HENG - By MELISSA HENG DIVOT DIVAS 50, Monk's Hill Road, #01-52. Tel: 6238 8909/9088 7388 TUCKED away in a corner off Monk's Hill Road, a short walk from Newton hawker centre, Breathing Space Divot Divas offers lady golfers customised yoga sessions designed to help their game.511 words
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Page 17 Miscellaneous
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SHOPPING
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Article, Illustration1049 2007-03-03 18 Cat Ong - Couturier for Singapore socialites Tan Yoong will represent the Republic at Hollywood's World Fashion Awards, reports CAT ONG Cat Ong IF A fashion designer works according to the seasons, you could say that local fashion stalwart Tan Yoong appears in the limelight seasonally as well, exceptYEN MENG JIIN - 1,049 words
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448 2007-03-03 18 SPORTS has the Olympics and movies have the Oscars. Now the fashion trade is set to honour its own at the World Fashion Awards (WFA). The industry's top awards is set to be staged at Hollywood's Kodak Theatre in June, and will cap the448 words
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Article, Illustration448 2007-03-03 18 CHEAH UI-HOON - By CHEAH UI-HOON IF YOU admire Lladro's ceramic sculptures but don't need another one for your shelves, you can now wear and use them. Not the figurines of course, but iconic elements of Lladro craftsmanship miniaturised in the form of delicate porcelain jewellery. The premier porcelain manufacturerYEN MENG JIIN - 448 words
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Travel
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Article, Illustration1322 2007-03-03 19 Geoffrey Eu - Bhutan's drive to keep its culture intact makes it one of the most unique destinations, GEOFFREY EU feels Geoffrey Eu THE fifth king of Bhutan was in the front seat of his snow-white Range Rover, heading back to Thimpu from a festival in the ancient capital ofPHOTOS BY GEOFFREY EU - 1,322 words
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The Business Times weekend
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Article, Illustration2046 2007-03-03 20 Geoffrey Eu - While the woman may rule the kitchen at home, there is a dearth of female chefs in charge of good-quality restaurants. GEOFFREY EU asks some of Singapore's own why this is so Geoffrey Eu LAST week, the culinary world was abuzz with the news that2,046 words
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