The Business Times, 15 March 2003

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Total Pages: 20
1 20 The Business Times
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  • Title Section
    Lock icon Masthead
    12 1 THE BUSINESS TIMES MITA (P) 024/03/2003 85« SINGAPORE MARCH 15 16, 2003
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  • Article, Illustration
    Lock icon Matten leaving Temasek after just 9 months
    320 1  -  EXCLUSIVE By Angela Tan [SINGAPORE] British-born capital management guru Chris Matten is leaving Temasek Holdings barely nine months after joining the Singapore government's investment arm as managing director of corporate stewardship. Temasek spokeswoman Eva Ho told BT: "Yes, Mr Matten is going to
    FILE PHOTO  -  320 words
  • Article, Illustration
    Lock icon Powerboat racing is back- with money and glamour in tow
    1223 1  -  EXCLUSIVE Spinoffs from event expected to give a boost to local boating and hospitality industries By' Vincent Wee, Walton Morale [SINGAPORE] Celebrities. Royalty from Belgium, the Middle East and Brunei. The new rich from China. Glamour and raw engine power
    CHRIS LOH  -  1,223 words
  • Article, Illustration
    Lock icon Acting can wait for Dr Cheong
    883 1  -  As OCBC's new chairman, he is likely to play a key role in the bank's bid to reposition itself By Wong Wei Kong [SINGAPORE] OCBC Bank has appointed Cheong Choong Kong who is retiring as Singapore Airlines' chief executive officer as its new chairman
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  • Page 1 Advertisements
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      18 1 J[HEr 4IM^^.!iIHOPPING i 1 k On Pedder W V shoes, shoes and more shoe! W I PAGE 18
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      318 1 S'PORE NEWS S'pore drops claim to .sg name. MfiEU Why diversity is the mother of invention 'f| —Ronald Frank, president of Singapore Management University THE RAFFLES CONVERSATION, P* 3 For this year's F1 Powerboat calendar, go to: http://business-times.asial.com.sg newsbreak Chartered nuking cash cad? CHARTERED Semiconductor Manufacturing's investor relations machinery swung
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      42 1 A ft CONSUMER tEkjBSl la j Zooming in ob LflHE|gyjß&J the best in digital cameras. MflE 17 CORPORATE ANALYSIS Will it be crunch time for Asia Paper Pulp? CATHERINE ONG, Page 4 Still a man's world in S'pore boardrooms NEWSFRONT, Page 2
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      18 1 wammß Parallel imports are here to stay, for better or for worse. PAGE 14 illlllll 8"a87 81 *****4
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  • newsfront
    • Article
      Lock icon Still a man's world in S'pore boardrooms
      424 2 Women make up only 10% of directors at stat boards and GLCs [SINGAPORE] It isn't quite women's day in the boardroom yet not by a long shot. Only one in 10 directors at statutory boards and major Temasek-linked companies are women, according to
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    • Article, Illustration
      Lock icon Lift the siege (mentality), S'pore
      707 2  -  Saturday soapbox Public bodies facing criticism should be more magnanimous r sivanithy SINGAPORE is well-known for its defensive qualities. No, we're not referring to the (long-dead) reputation of having cash-rich companies with strong balance sheets whose shares are wellsupported in times of trouble. No, we're
      707 words
    • Article
      Lock icon Economists up forecasts for most sectors
      473 2  -  ey ontheeconomy But downgrading of construction causes expected 2003 growth to dip to 3.8%, MAS survey shows By. Audrey Tan [SINGAPORE] Singapore's economic forecasters now expect slightly better growth in most sectors this year, but point out that a stronger recovery will only be
      473 words
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      164 2 v **£$■,-j"^..4*' H]n v [^^IJ^^JiJEIEESI^EdEBS^ESI^SIEESEnM^I^HHM Be part of maritime history when THE WORLD arrives in Singapore in April 2003. Now with great value for our 2 and 3 bedroom Residence rental programs, and extraordinary savings on Luxurious Studio Residences with fares from US$25O U551,025 per person per night including food,
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  • the raffles conversation
    • Article, Illustration
      Lock icon WELL SCHOOLED
      1629 3  -  The Singapore Management University, the country's first US-style private tertiary institute, promised Singaporeans a different educational experience when it opened its doors three years ago. SMU president Ronald Frank, a veteran in the business of running universities, tells ANNA TEO why diversity is the mother of invention ANNA
      CHRIS LOH  -  1,629 words
    • Article
      Lock icon American model
      673 3 SMU is quintessentially American not only in curriculum and pedagogy, but in every aspect of administration and staff management. "If you look at the way we compensate both faculty and staff, we're more similar to what most multinationals do than to what other educational institutions, probably in Asia,
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    • Article
      Lock icon Saving face is a saving grace
      344 3 AS an American university administrator, Ronald Frank does find one aspect of society here to be "a big asset" the Asian concept of "saving face". He tells BT: "If you are a dean in the United States in a business school, you deal with
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  • Page 3 Advertisements
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      63 3 Raffles INTERNATIONAL I ioirK tv Rtsoris 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, the leaves
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  • news companies
    • Article
      Lock icon Dividend carrot may lure investors back
      658 4  -  By Ven Sreenivasan WAR in the Middle East is imminent. Oil prices are at their highest levels in a decade. The economic outlook is uncertain. Financial markets are in dire straits. Not exactly the time to be contemplating buying into stocks. Or is it?
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    • Article, Illustration
      Lock icon APP goes under the guillotine
      892 4  -  Court date to decide if APP goes under judicial management or continues restructuring plan, says CATHERINE ONG corporate analysis CATHERINE ONG WILL it be crunch time for Asia Pulp Paper Company Ltd (APP) next week, or will it get a new lease of life, as
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    • Article
      Lock icon Facts of the case
      241 4 Petitioners for Judicial manager Deutsche Bank AG, owed USs2l6.Bm; BNP Par ibas, owed USs2om Creditors supporting petition: Oak tree Capital Mgmt LLC (USsl64m), Salomon Smith Barney (USs7m), Citibank NA Indonesian branch (USs2sm), Salomon Brothers Int'l (USslo.sm), Emergent Alternative Fund Ltd (USsBm), Centre Solutions (Bermuda) Ltd (USs22om),
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    • Article, Illustration
      Lock icon Whom to believe in mother of all poker games?
      660 4  -  market review r sivanithy IT all comes down to whom and what you believe in this, the mother of all poker games, where bluff, count-er-bluff and political intrigue play equally important roles. The bulls would have you believe that the worst
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    • corporateroundup
      • Article
        Lock icon Design Studio profit jumps 23%
        66 4 THE real estate market may be in the doldrums but not the furniture-making business for some. Main-board-listed Design Studio Furniture Manufacturer said net profit rose 23 per cent to $1.97 million for the financial year ended Dec 31, 2002, from $1.6 million. Turnover rose 8.7
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      • Article
        Lock icon Reed profit warning
        68 4 FURTHER to saying in September that it anticipated a loss for FY2002, Sesdaq-listed Reed Group Holdings yesterday warned of a farther impairment loss and an operating loss for the year ended Dec 31, 2002. Reed said it expects a significant adverse impact on FY2002 second-half results, adding
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      • Article
        Lock icon Unidux profits slide 48%
        56 4 ELECTRONICS components distributor Unidux Electronics saw full-year profits tumble 48 per cent to 1673,000 in 2002, despite revenues rising 33 per cent to $141 million. Unidux said its earnings suffered because of poor margins in the electronic components industry and higher operating costs due to the
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      • Article
        Lock icon IPS slips into the red
        39 4 INTERNATIONAL Press Softcom slumped into the red for the year ended Dec 31,2002, posting losses of $113 million, from profits of $1.6 million the year before. Turnover fell 13 per cent to $62.6 million.
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      • Article
        Lock icon SsangYong Cement posts $33m in losses
        60 4 ALSO slicing into the red is cement maker SsangYong Cement, whose losses totalled $33 million last year, after profits of $213,000 in 2001. SsangYong said it was due mainly to a 21 per cent drop in revenues to $40 million the result of an
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      • Article
        Lock icon Broadway returns to the black
        49 4 BUT managing to pull back into the black was packaging products maker Broadway Industrial, which rang in profits of $889,000 from net losses of $763,000 in 2001. Turnover rose 7 per cent to $104 million, thanks to a good showing from its components division.
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    • Article
      Lock icon MARKETS
      74 4 Dsn MSO.BB (+19.11) ST INDEX FUTURES M 56.00 (+29.00) SIMSCI FUTURES 184.00 (+3.80) Friday Chang*' KLSEHIMP 628.55 ♦1(19 NIKKEI 225 8.***** 134.13 HAN(i SENG *****7 ♦168.72 SET INDEX ***** +4.76 JAKARTA OOMP JBM .4.02 MANILA (X)MP _l.UUCt.99 *3.55 TAIPK1 WPI *****7 *97 18 ■B.CW 537.65 *5.87 SHENZHEN K I98J8
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    • Article
      Lock icon FINANCE
      75 4 FOREX RATES usi ft* rs$ (S$ per l°S$) 1752 £(rs$/s$per£) 1.599 1801 EITWHISS/SS/E) 1 (HI 1.894 YEN 1183 67-50 KM 3 800 2.170 Hk$ 7.799 445.1 BAHT 42.76 2441 RIPIAH 8915 5.090 RENMINBI 8199 4.738 INDIAN IU PEE 47 65 2720 PRUNE RATES SINGAPORE* 5.25 M ALA U'MPt'R 640
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    • Article
      Lock icon Chartered clarifies funding needs
      432 6  -  Loss-making company scrambles to contain any fallout from latest disclosure in SEC filing By David Boey SHAREHOLDERS of Chartered Semiconductor Manufacturing could well have had nightmares of black holes last night, after the loss-making computer chip maker declared yesterday it may be needing additional capital once
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    • Article, Illustration
      Lock icon Chinese firm plans to raise up to US$300m
      549 6  -  Health products maker aims for SGX listing by year-end By Loh Hui Yin A CHINESE company which manufactures and sells its health products through multi-level marketing wants to raise up to US$3OO million in an initial public offering on the Singapore Exchange
      ARTHUR LEE  -  549 words
    • Article
      Lock icon QAF warns of losses for first two quarters
      305 6  -  By Kalpana Rashiwala A PORK production business which QAF bought more than a year ago now threatens to slaughter its bottom line. The group, whose major shareholders include Indonesia's Salim group, yesterday warned that it may incur losses for the first two
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    • Article
      Lock icon ACCS jumps 35% on first day of trading
      423 6  -  By I Serena Ng REMINISCENT of the bullish reception accorded to electronicwaste recycling specialist Citiraya Industries in August last year, Accord Customer Care Solutions (ACCS) saw a share price surge of as much as 35 per cent in its debut on the
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    • Article
      Lock icon Creative ties up with Microsoft on media player
      556 6  -  It will be made by Creative but cany Microsoft brand By Serena Ng ABOARD the long-haul flight back to Singapore from the US two days ago, Sim Wong Hoo was dreaming about how his vision of a true digital lifestyle would soon
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  • Article, Illustration
    Lock icon FINANCE
    607 4 Transaction date: Mar 14 MTERBAMK CPRREWCT RATES flUtoTt SS Afelast USS Afdnst S$ fleehrt US$ Cerreectes BM Offer BM Offer CwTMctes M Offer BM Offer f&VSS to 100 SS/VSS to one unit of foreign currency: unite of foreign Aastrtf i» driv ***** L0451 0 5961 0 5966 currrncy: mmauWOT
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  • Page 5 Advertisements
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      158 5 SONY. HIIII "''IB: fßr" Memory Stick PRO New-Generation Memory Stick™ Format For Recording flßf High-R oS °luti° n Moving lmages...And Much More! Stick PRO™ formafcts'a remarkably advanced IC recording media personal networking system providing new levels of digital playback and capture. Stick PRO™ raJoia and the new generation of compatible
      158 words
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  • Article
    Lock icon KLSE
    2139 6 Transaction dale: Mar 14 KUALA LUMPUR 2 m w ran FW Industries 0.16 unch 0 Gadang OA3 inch 4 A A M Realty A71 001 4 JrrK M? 00* Abnc "<* 002 29 GanadCorp A35 -0.01 13 MFMM.: ....1394 0 04 4 Gene* 2? *44 001 29 Advance Synergy
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  • Page 6 Advertisements
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      274 6 Call tol-free **********2 NTUC Choice Homes Co-operative Limited is a developer of private and executive condominiums. Our mission is to deliver quality housing at fair and affordable prices. We invite suitably qualified individuals to apply for the following position: You will be responsible for the overall accounting, financial and budgeting
      274 words
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  • money personal investment
    • Article, Illustration
      Lock icon Map your financial position
      634 7 Ifs important for you to know exactly where you stand money-wise before making plans to reach your financial goals in life YOU can't get to where you want to go until you know where are are right now. So before you can start managing your family's
      634 words
    • Article, Illustration
      Lock icon Protected vs guaranteed
      1025 7  -  show me the money Get to know how the funds work and you'll discover that a capital-protected fund does not give you a guarantee on your investment teh hooi ling EVER wondered how capital-pro-tected and capital-guaranteed funds work? Well, we'll try to unravel the mystery this week.
      1,025 words
    • Article
      Lock icon One-year top losers portfolio is best performer
      789 7  -  By Teh Hooi Ling DESPITE war jitters which have rattled the local stock market, the one-year top losers portfolio has managed to turn its fortune around. Stocks in this portfolio are those whose values have fallen the most in the past one year.
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  • Page 7 Advertisements
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  • money personal finance
    • Article, Illustration
      Lock icon Building your home on credit
      1189 8  -  Thinking of constructing your dream home? MICHELLE QUAH gets the lowdown on how to get the financing over and above your property loan MICHELLE QUAH Finding the perfect home is hard work, as those of us who have been on exhausting house hunts know. So
      FILE PHOTOS  -  1,189 words
    • Article
      Lock icon Defensive investing in uncertain times
      927 8  -  Feel like selling and running? Don't Here are some ways to re-allocate your investment from IP MORGAN JP MORGAN ONE of the most common words you hear from investors these days is "fear" and in particular "fear of equity markets". Given the Asian financial crisis
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  • Article
    Lock icon BT SHARE INFORMATION SERVICE
    1171 8 for week beginning Mar 10 •ONUS ISSUE El Mb Act! Ciapiay im» do— p»yt Osim Intnl one-for-tour 04-Apr 09-Apr BOUTS ISSUE ta- tooks Act ft Ca«»—y mo ftle dam Pay* OTHERS fa- Ma Act ft C««»—y Mh dm* fwym* HOB SS600.000.000 5.070* 12-Mar 17Mar 21 M*
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  • money property
    • Article, Illustration
      Lock icon In with the old
      856 9  -  There's always interest in shophouses, thanks to their nostalgic charm, as ANDREA TAN finds out ANDREA TAN TAN Peck Hwa, an investor relations consultant, can think of no better place to work than her four-storey Geylang shophouse. "The most important thing is the history and the
      PHOTOS OF SERANGOON ROAD SHOPHOUSES BY CHRIS LOH  -  856 words
    • Article
      Lock icon Where history and commerce meet
      268 9  -  By Andrea Tan FROM the creative types in Tanjong Pagar to the towkays in Chinatown to restaurants and pubs in Boat Quay and Mohamed Sultan, shophouses accommodate a whole range of businesses, and gracefully. Shophouses have also turned into homes with niche developments like Singapore
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    • Article
      Lock icon Househunt Property transactions in districts between March 5 and March 12, 2003
      969 9 District 03 NON-LANDED AJeesandrea Apt 19/02/2003 FH 2153 1050 488 District 04 NON-LANDED Hartwurfights Apt 1(H)2/2003 FH 829 530 639 District 06 NON-LANDED KemsdaJe Apt 02/09/2002 99 990 495 500 District 09 NON-LANDED HuHetRd Apt 13/02/2003 FH 1152
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  • Page 9 Advertisements
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      Lock icon Page 9 Advertisements Column 1
      134 9 SHOPHOUSES FOR SALE Auction on 19/03/03. Amara Hotel 538 556 (even nos.) Gcylang Rd, 10 units, 2-sty, 15,901 sf, freehold, redevelopment potential 14 to 19 Mosque St, 6 adjoining units, 8247 sf, existing hotel with 46 rms 3 shop units, freehokl/99 yrs 10 Kim Keat Rd, 4-stv, 1,671 sf, tenanted,
      134 words
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  • news executive jobs
    • Article, Illustration
      Lock icon Some doors open...
      914 10  -  .even as some shut ELGIN TOH finds government jobs still available despite much-publicised layoffs ELGIN TOH SINCE the Housing and Development Board announced the shedding of employees due to a major restructuring exercise in February, public sector jobs have been looking a lot less secure. Gone, they
      FILE PHOTO  -  914 words
    • Article
      Lock icon S'poreans still cool to postings abroad despite tough times
      712 10  -  By Siow Li Sen TIMES are tough and the news, mostly gloomy. Even those who are working sometimes wonder aloud whether they would be next to be axed. But actually, the prospects for those with a job are still pretty good.
      712 words
  • Page 10 Advertisements
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      163 10 —ITT Mtjiltb ii^afMin HHgl 11 j Proof that age doesn't hinder the ability to acquire new skills. r> ..f i wife That's why you should consider hiring mature workers. Their capacity for lifelong learning through retraining makes them highly adaptable to the changing work environment. The fact is, age nurtures
      163 words
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  • news at home
    • Article
      Lock icon S'pore drops claim to .sg name
      382 11  -  IDA says if s satisfied that concerns which prompted it to seek trademark protection for domain name would be addressed By 1 Tang Weng Fai RESPONDING to local and international concerns, the Singapore Network Information Centre (SGNIC) has dropped its claim for trademark protection
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    • inbrief
      • Article
        Lock icon Complaints against finance industry jump 125%: Case
        184 11 COMPLAINTS against the insurance and finance industry more than doubled last year, according to the Consumers Association of Singapore (Case). The 125 per cent jump to 497 cases is the largest increase seen in any industry. Case executive director Seah Seng Choon told
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      • Article
        Lock icon Online degrees from UK
        79 11 GET that British university degree without setting foot in the United Kingdom. PSB Academy has tied up with UK eUniversities or UKeU to provide online degrees. UKeU, billed as UK's first electronic university, partners institutions such as University of Leeds and University of Cambridge. The initial
        79 words
      • Article
        Lock icon Rate for service 100 up
        108 11 FROM April 1, calling Singapore Telecommunications' Service 100 will cost 60 cents for each listed local telephone number provided, double the current 30 cents. For SingTel's mobile customers, it will be 70 cents. SingTel said the new rate for the directory assistance was to "recover
        108 words
    • Article, Illustration
      Lock icon Is S'pore too pro-US on Iraq issue?
      607 11  -  YESTERDAY IN PARLIAMENT Jaya explains why S'pore supports campaign on Iraq By Yang Razali Kassim AS THE prospect of a US-led war in Iraq looms larger, so has the talk about Singapore's stand on the issue intensified. Is Singapore too pro-US? If so,
      FILE PHOTO  -  607 words
    • Article
      Lock icon Adequate defence spending integral: DPM Tan
      474 11  -  By David Boey DEPUTY Prime Minister and Defence Minister Tony Tan yesterday rebuffed calls to reduce defence spending and underscored the importance of strong armed forces to Singapore's success as a nation. Speaking in Parliament during the debate on the defence budget, Dr Tan
      474 words
    • Article, Illustration
      Lock icon S'pore exports to Japan up since start of FTA
      362 11  -  By Audrey Tan SINGAPORE'S exports to Japan have seen a definite jump since the Japan-Singa-pore Free Trade Agreement came into force, Lim Chin Beng, chief negotiator for the agreement, said yesterday. While figures for the increase were not available yesterday from
      362 words
    • Article
      Lock icon Negative signal for women
      272 11  -  M AILBAG Tisa Ng, Tisa Ng, President, Association of Women for Action and Research THE Association of Women for Action and Research (Aware) wishes to register its disappointment over the reasons given by the government for continuing its discriminatory treatment of women in the civil service
      272 words
  • Page 11 Advertisements
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      Lock icon Page 11 Advertisements Column 1
      27 11 I tfa* I Lianhe Zaobao I Hona Kong I I listed companies I I hand out high I I dividends I I I I l 9 B
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      Lock icon Page 11 Advertisements Column 2
      204 11 T* call toll-free *****89 8811 U*l recnrit^x-^ IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF HER SEA PALACE RESTAURANT PTE LTD Members' Voluntary Liquidation > NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN thai pursuant to Section 308 of the Companies Act. Cap. SO.
      204 words
    • Advertisement
      Lock icon Page 11 Advertisements Column 3
      306 11 CHEVAUER SINGAPORE HOLDINGS LIMITED (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the members of Chevalier Singapore Holdings Limited (the "Company") will be hetd on 2 April 2003 at Grand Ballroom I (basement). The Pines, 30 Stevens
      306 words
    • Advertisement
      Lock icon Page 11 Advertisements Column 4
      191 11 Call toll-free 1800 299 8t22 IN THE MATTER OF THE COMPANIES ACT, CHAPTER SO AND IN THE MATTER Of J ft J VACUUM-TECH (S.E. ASIA) PTE LTD (IN CREATORS' VOLUNTARY LIQUIDATION) NOTICE IS HEREBY GIVEN 4m itw hnd wmng ah mmkmm and aaditon ol tm abewnomad company wS b* haid
      191 words
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  • news region/world
    • Article
      Lock icon MNCs in Malaysia no longer relocating operations to China
      475 12 Those already in China having problems with the legal and regulatory framework, human resources, fraud and piracy [KUALA LUMPUR] Since the end of last year, multinational companies (MNCs) in Malaysia have either shelved or stopped relocating part or all of their
      475 words
    • Article
      Lock icon M'sia delays release of stimulus package
      265 12 Reuters [KUALA LUMPUR] Malaysia has postponed to April 7 the unveiling of a stimulus package aimed at sustaining economic growth amid worries over a possible Gulf War breaking out in the coming weeks, a government source said yesterday. The source said the package's unveiling
      Reuters  -  265 words
    • Article
      Lock icon Thai wine to feature on Apec summit menu
      241 12 AFP [BANGKOK] Fancy Chateau de Loei from the north, or a bottle of Khao Yai, Thailand's best known brand? Thai wines are set to enjoy their most prestigious standing to date when they are uncorked by host Thailand and served at an
      AFP  -  241 words
    • Article
      Lock icon India can grow at 8-9%: economist
      575 12  -  He outlines reforms in lour key sectors including agriculture By Vikram Khanna INDIA has the potential to lift its economic growth rate to 8-9 per cent from the current 5-6 per cent, on the back of reforms in agriculture, the urban sector, infrastructure, and
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    • asiashorts
      • Article
        Lock icon No plans for capital controls: Manila
        75 12 Reuters [MANILA] The Philippine central bank yesterday said it was committed to an open foreign exchange system, despite new measures designed to curb speculation in the peso. Some in the offshore debt market had feared the new rules imposed on Thursday could ultimately lead
        Reuters  -  75 words
      • Article
        Lock icon Shanghai is 4th busiest container port
        58 12 AP [TAIPEI] Shanghai has overtaken Taiwan's Kaohsiung as the world's fourth busiest container port, the Economic Daily News reported yesterday. The world's busiest port is still Hong Kong, having handled 18.6 million containers last year, followed by Singapore with 16.8 million containers and South
        AP  -  58 words
      • Article
        Lock icon Indon minstry fire is arson: police
        85 12 AFP [JAKARTA] A fire at the Indonesian finance ministry was arson, police said yesterday, and an antigraft activist said the blaze might have been an attempt to destroy documents linked to corruption cases. Police found traces of kerosene in the debris from the burned
        AFP  -  85 words
      • Article
        Lock icon China seeks WHO help on pneumonia
        82 12 Bloomberg [HONG KONG] China's government asked the World Health Organisation for help in determining the cause of an outbreak of pneumonia this year that has infected 305 people, a WHO spokesman said. The request comes as a previously unknown flu-like illness has caused atypical
        Bloomberg  -  82 words
      • Article
        Lock icon No financial sanctions on Manila
        69 12 Reuters [PARIS] The international body leading a campaign against money laundering said on Thursday it had dropped plans to impose financial sanctions on the Philippines after Manila passed a new law aimed at fighting dirty money. The Financial Action Task Force said the new measures,
        Reuters  -  69 words
    • Article
      Lock icon Ibra receives five preliminary bids for Danamon stake
      221 12 Reuters [JAKARTA] Indonesia's Bank Restructuring Agency (Ibra) said yesterday it had received Five preliminary bids, including two from foreign-led consortia, for a majority stake in the country's fifth-largest bank, Bank Danamon. An Ibra spokesman confirmed one of those consortia was led by
      Reuters  -  221 words
    • Article
      Lock icon Iraq war could spark turbulence in Indonesia
      301 12 Economist Corporate Network raises red flag due to war opposition Reuters [SINGAPORE] Indonesia faces very significant political risks in the event of war against Iraq, the Economist Corporate Network (ECN) said yesterday. With even moderate Muslim grassroots having strongly condemned the prospect of
      Reuters  -  301 words
    • Article, Illustration
      Lock icon US$20.9m paycheck for American Express CEO in '02
      437 12 Bloomberg [NEW YORK] American Express Co paid chief executive Kenneth Chenault US$20.9 million last year, the highest for any financial CEO reporting compensation so far this year. Mr Chenault, whose pay fell 25 per cent from a year earlier, got US$4.55 million
      Bloomberg; Source/Photo: Bloomberg  -  437 words
    • Article
      Lock icon Pernas hopes to cut debt by 60% by Sept
      157 12 Reuters [KUALA LUMPUR] Malaysian hotel and property group Pernas International Holdings Bhd —controlled by businessman Syed Mokhtar Albukhary said yesterday it aims to slash debt by 60 per cent to RMI billion (Ss46o million) by September this year. Chairman Megat Najmuddin
      Reuters  -  157 words
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  • news world
    • Article
      Lock icon Schroeder urges national effort to revive economy
      519 13 He announces welfare cuts, job market revamp AP, Bloomberg, AFP [BERLIN] Urging Germans to make a "massive joint effort" to revive their stagnant economy, Chancellor Gerhard Schroeder yesterday presented long-awaited reforms in the welfare state. He announced welfare benefit cuts and a revamp
      AP,; Bloomberg,; AFP  -  519 words
    • inbrief
      • Article
        Lock icon Loss of 980m francs for Swiss airline
        91 13 AP [BASEL] Switzerland's new national airline, Swiss, yesterday said it lost 980 million Swiss francs (551.26 billion) in its first year of business. Swiss officially Swiss International Air Lines said its 2002 figures were hit by one-off expenditure of 180 million francs as
        AP  -  91 words
      • Article
        Lock icon Steelmaker Corus' chief quits
        85 13 Reuters [LONDON] The chief executive of Europe's second biggest steelmaker, Corns, quit yesterday as the company revealed a deep 2002 loss and warned of plant closures and capacity cuts in Britain. Tony Pedder's resignation came a day after a court forced Corns to abandon a make-or-break
        Reuters  -  85 words
    • Article
      Lock icon US current account hits record deficit
      355 13 LATEST US INDICATORS Q4 shortfall of USsl36.9b equals 5.2% of GDP Reuters, Bloomberg [WASHINGTON] The deficit in the US current account, the broadest measure of international trade because it includes investments, widened to a record U*****.9 billion in the fourth quarter, government figures showed.
      Reuters,; Bloomberg  -  355 words
    • Article, Illustration
      Lock icon US-UK summit makes final bid for UN vote
      608 13 Bush aims for Palestinian state, rejects Israeli settlements Reuters, AP [WASHINGTON] US President George W Bush, British Prime Minister Tony Blair and Spanish Prime Minister Jose Maria Aznar will meet in Portugal's Azores islands tomorrow for a summit aimed at "final pursuit"
      Reuters,; AP  -  608 words
    • Article
      Lock icon WorldCom writes down US$80b of assets
      279 13 NYT [NEW YORK] World Com, the long-distance carrier that is mired in the largest US bankruptcy filing, said on Thursday that it was writing down US$79.B billion of its goodwill and other assets. The move is an acknowledgment that many areas of the company's
      NYT  -  279 words
  • Article
    Lock icon STOCKS ASIA
    4871 13 Transaction date: Mar 14 for more, go to v/wwdc^iaorienmarketsjcom HONGKONG v«i wcRmri 1.13 003 376 HM 000 Hong Kong Electric 30.50 0 50 2601 Hongkong Chinese 0.62 fl Ol 538 Alpha General 0.22 0 01 100 Hongkong Chinese Ltd 0 62 -0.01 538 AnandaWingOn 0.01 unch ***** HopeweNHoldings615
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  • style motoring
    • Article
      Lock icon Parallel importers here to stay
      718 14  -  The greys have got lower prices and increasingly, acceptance from car manufacturers, says CHRISTOPHER TAN CHRISTOPHER TAN IT has been a decade since parallel-imported cars made their debut here. From a handful of pioneers such as Cheng Yong, Aim Car Trading and Euromobile, parallel importers
      718 words
    • Article, Illustration
      Lock icon Blade Runner
      838 14  -  Piaggio's Gilera Runner VXR 200 blends the past and the future, and is, at present really quite appealing, as CHRISTOPHER TAN discovers CHRISTOPHER TAN IF, like me, you're not quite ready to buy your first Ferrari, consider an Italian scooter. No, I've not been inhaling substances. And I'm
      838 words
    • Article
      Lock icon Japanese cars rated most reliable by US owners
      254 14 AFP [NEW YORK] US automakers are catching up with Europeans in the race towards perfection, but Japanese nameplates are still the industry pace-setters, an owner survey said on Tuesday. Asian marques for the 2002 model year averaged just 12 problems per 100
      AFP  -  254 words
    • bravenewwhirl
      • Article
        Lock icon DaimlerChrysler wins Japan's nod for fuel-cell car
        174 14 DAIMLERCHRYSLER has won government certification in Japan for its fuel-cell car, and has begun road tests in the country, Bloomberg reported. The company will start leasing the F-Cell passenger car, based on the Mercedes-Benz A-Class, to customers in Japan in the second half.
        174 words
      • Article
        Lock icon BMW unveils new armoured 7-series
        116 14 A LOOMING war in Iraq is bad news for most automakers unless the car you are trying to sell can withstand armour-piercing bullets, grenade blasts and gas attacks. One such car is BMW's latest armoured 7-series, reports Reuters. German security officials have rated the car
        116 words
      • Article, Illustration
        Lock icon Renault scraps radical Avantime
        139 14  -  Compiled by* CHRISTOPHER TAN RENAULT has canned its avant-garde Avantime (above), just a year after the futuristic segment-de-fying car was launched, according to Reuters. The Avantime, made by French performance car maker Matra (which made previous Renault models), was a commercial flop. It sold just 15
        139 words
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  • food
    • Article, Illustration
      Lock icon No feats for a feast at home
      1143 15  -  JAIME EE Marmalade At Home Tel: 9541-9414 If you enjoy the breezy style of cooking at the Pierside or Marmalade Pantry, you can get the same experience at home for less than you think. The catering arm of the Marmalade group works to
      1,143 words
  • Page 15 Advertisements
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      Lock icon Page 15 Advertisements Column 1
      1438 15 wine&dine with weekendßT Toi-KAfiinam karaage chicken agedashitofu, handrails, edamame Dtpe on the famous Hainanese chicken rice at the Indulge in Senso's special dish, the Manzo, a beef fillet Holland Village. Tel. *****920 and more. Weekdays: $16.90++ (adult), $15.90++ ClMtfetrbox coffeehouse. served with cinnamon aid honey. Till April 15. enjoy 15
      1,438 words
  • Page 15 Miscellaneous
    • Miscellaneous
      Lock icon Page 15 Miscellaneous Column 1
      106 15 CKVFTIC CROSSWORD 2 of g 28 MaHstory'is over very quick 26 are <** 1M I 111 II M Ll_ o* "9™ W 29 Growth in list is reversed (4) YESTERDAY'S SOLUTION Deposit, 23 lambus, 24 Lav- ba, 7 Cannabis, 8 Roasting, 12 30 Flourished after cereal was Across- 1 M
      106 words
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  • style sports
    • Article, Illustration
      Lock icon F-1 is the winner in Melbourne race
      752 16  -  frankly speaking ronnie lim WHEN McLaren Mercedes' David Coulthard began his final lap of the Australian Grand Prix, the Michelin banners started unfurling for the three front-runners at Turn 4 where we were. It was unbelievable: the Ferraris and Michael Schumacher had lost
      AFP  -  752 words
    • Article
      Lock icon Man U takes the CRM road to greater profits
      700 16  -  Using this strategy makes sense since 80% of its 50m supporters are from outside the UK, says VINCE CHONG VINCE CHONG Ninety-nine per cent of Manchester United's revenue comes from within the United Kingdom, while 80 per cent of its 50
      700 words
  • Article
    Lock icon SGX
    754 16 Transaction date: Mar 14 TURNOVER CROC) VALUE ('OOO) 8W S4q Te«al Mda TeW Muitilnd 20,447 20.4*7 31.534 31.534 Manufacturg 74,089 6.497 80,5*6 76.52# 1.396 77.923 Commerce 19,344 2.422 21,766 16.550 456 19,005 Tp«tor/Com 27,647 345 27,992 51,349 45 51.394 Fifianct 32,124 32.124 132.720 132.720 Construction 8,533 2.601 11.134 4.188
    754 words
  • Article
    Lock icon SGX SESDAQ
    1334 16 U-M Last Vol Day LotQuota OOtv Mv GrVW MM MCjb 52-Wk IM Ml Day UMQhK Grtt» IN* OfYW MM MCa. *tf» low Company Salt W- f—l NM» low »T» M» Cw gg yji WMi U» Cn—M W- C—1 I— —Mhr Cw HI tmt 22 75 ABRHUgsfc IS unch
    1,334 words
  • Article
    Lock icon BONDS & WARRANTS
    536 16 BONDS WARRANTS fnm Uj»r> Last Vol Com law OMc Gear Mh Ci«>i 1* ««r- r«M> «H» Mct y> ASHW*****1 175 1 16 179 069 15 Acma Ltd VMM11M AS 1 SO 891 1.22 20 Amtek WQS0610 53 5 2 10 1 33 S 1.53 27 Armstrong W040S20 0.5 1 10
    536 words
  • Article
    Lock icon CLOB INTERNATIONAL
    171 16 U-Wk Lot Vol Day LM Quote GrtM* Ote firtW Hot MCas W# I— Ciim Mi w- tW 1— **m UMm Cw H W IIS II AVienmngs A2S( A98 5 97 99 40 3.4 10.2 5.7 212 C»thjyl>*20c HK720 265 2.1 74 6 2436U Cheung KongSOc HK1780 240 6.3
    171 words
  • Article
    Lock icon SGX XTRANET
    218 16 S24M Lad Vol Day LaMQooM GrMr On (rtM MM MC# I—l L— Illll) i*l W- r«W **> L— *»T«r Cw ft ***** 89 Diamonds US8780cd 5000 2700 ISDJUSTcch US3740 555 S55 IS MSG Spore USSR MHO 8200 ISSAPSOO US8270 ***** 1290 won US8280cd i8os 1230 snrrr ioo 1271
    218 words
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  • style consumer alert
    • Article, Illustration
      Lock icon photo op
      1026 17  -  TANG WENG FAI zooms in on the best in digital cameras TANG WENG FAI THE digital camera has come a long way. Not too long ago it was considered an expensive toy that cost a few grand and required rocket science in order to take a decent picture.
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  • Article
    Lock icon SGX MAINBOARD
    4993 17 Transaction date: Mar 14 for live prices, log on to wwwjasiaonemarketsjcorn U« W Day LHtOoot* GfOw M» GrVM MM MCao Cm—~r sat» w- nan I—I u» —m s— cw m >3 ABNAmroNLG 56c 9 12 34 138J 9 AgDynamioMc 11.5 unch 60 11.5 11.5 115 14.5 0.7 8
    4,993 words
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  • style shopping
    • Article, Illustration
      Lock icon Stepping up
      868 18  -  On Pedder will make a move on the mid-upper market with the opening of its lower-priced sister line, Pedder Red, before year-end. CORINNE KERK reports CORINNE KERK TIMES are bad, but you still need to wear shoes, right? Of course. Though it'll be nice to pay a little
      868 words
    • Article, Illustration
      Lock icon All things bright and beautiful
      348 18  -  By Corinne Kerk COLOURFUL, cheerful, playful and yes, even groovy. That pretty much describes Bvlgari's latest jewellery collection, Allegra, which was previewed by the media this week. In defiance of the current depressing sentiment, the Italian jeweller's Allegra (meaning "joy") is an effervescent collection of
      348 words
    • instore
      • Article, Illustration
        Lock icon Rub it in
        228 18 IF you can't get to your foot reflexologist, let him come to you. It will cost you $588, but remember that you can get your feet massaged any time and anywhere you want. Enter the OSIM iTwin, the only foot reflexology machine that lets you work both
        228 words
      • Article
        Lock icon shop talk
        901 18 Three-hour spree: unearth really good bargains tomorrow, between 2pm and spm, like a Lip Pallette ($25.90) from the Body Shop for only $1. Also, you'll get a $10 shopping voucher if you're one of the first 500 shoppers to spend more than $50. Alternatively, get spotted by a
        901 words
      • Article, Illustration
        Lock icon Within your range
        183 18 THE DV n Digital Camera from Grandvision is one of the most affordable digital cameras on the market. At $299, it certainly appeals to consumers with a tight budget. But don't expect much. It is a simple digital camera with the most basic of features but boasts
        183 words
      • Article, Illustration
        Lock icon Get a foothold
        85 18 IF it looks good, it feels better. And it should, since it took all of five years to design, test and produce. The edge, according to its makers, is in the shoe's forefoot and heel. The latest adidas range to hit the stores, its in-built technology, called
        85 words
    • Article
      Lock icon Ready for a 3-hour spree?
      315 18  -  By Mike Chua IN a contentious retail market where product pricing determines how fast the shelves are cleared, many retailers have been quick to jump onto the bargain bandwagon, some with more merit than others. Seasoned shoppers, however, know a bargain when they see one.
      315 words
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  • style health
    • Article, Illustration
      Lock icon problems of the prostate
      1030 19  -  men'sheatth SEAMUS PHAN explains complications that may arise with the prostate gland, and the treatments available SEAMUS PHAN ACCORDING to Canadian statistics, 83 Canadian men die from prostate cancer every week, out of 350 Canadian men diagnosed with prostate cancer every week. The statistics showed that
      1,030 words
    • Article, Illustration
      Lock icon helpyourself
      229 19  -  by! SEAMUS PHAN Ejmtclm: ab variations ABDOMINAL muscles not only act as antagonistic muscles to your lower back, they also increase your lower body strength. You can vary your crunches by introducing a raised platform (such as a low chair or settee) and resting your legs on them. To
      229 words
    • Article
      Lock icon health talks
      52 19 Time: Today, 2pm to spm Venue: Auditorium, Alexandra Hospital Fees; $2. To register, call Jeanie Tan at 6379 3168 jy»lj—filMigOMT Time: Mar 22,1.30pm to 4pm Venue: Level 1, Theatre tte, Tan Tock Seng Hospital Admission: Pre-registration required. Fee is $5 per person. Call 6357 8266 8417 8419 during
      52 words
    • Article
      Lock icon secondopinion
      694 19  -  Dr Eileen Tan Dr Eileen Tan, Associate Consultant, Dermatology Service, Changi General Hospital Q: What is the cause of hair loss and what can be done to control it? Should one take seriously the advertisements for shampoos, tonics and alternative treatments that promise to control hair loss? A: Androgenetic
      694 words
  • Article
    Lock icon UNIT TRUSTS & FUNDS
    2982 19 UNIT TRUSTS FUNDS ■VnrrXTCTTXTSHIlHHHH Com Global Finance Index Fd 0624/ Com Global Lifestyle Index Fd 0.777/ Com Global Health Index Fd 0.708/ Com Global Telecom Index Fd 0.347/ Com Global Irrfotec Index Fd!" 0-24* s£ Kl' oiS Com Global Ener® Index Fd 0.734/ \tZ "ami Com Global Trave* Index Fd
    2,982 words
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  • style pursuits
    • Article, Illustration
      Lock icon Autumn in New York
      890 20  -  Singapore's Food Ambassador Violet Oon brings her culinary expertise to New York. ELGIN TOH finds out how her trip went ELGIN TOH WHEN Violet Oon travels, it's never easy to tell if she's working or holidaying. Indeed, the bubbly celebrity chef and food consultant always seems
      890 words
    • Article
      Lock icon weekendtrivia
      619 20  -  This week, how to really cut costs, and how to tell when it's really going to rain with jaime ee To whom it may concern IS your office cost-cutting? Beware, or you might be getting a memo like this soon: To All Staff: As you know, the realities of
      619 words
    • Article, Illustration
      Lock icon entertainmentguide
      1295 20  -  Going out or staying in this weekend? parvathi nayar rounds up our reviewers' recommendations PARVATHI NAYAR dvds A heart day's work Craggy ol' Clint has pretty much "made our day" onscreen, since he invited a punk to go ahead and make his or even before, when he rode into
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