The Business Times, 14 February 2004

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Total Pages: 18
1 18 The Business Times
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  • Title Section
    Lock icon Masthead
    12 1 MITA(P) 024/03/2003 85C THE BUSINESS TIMES weekend SINGAPORE FEBRUARY 14-1 S. 2004
    12 words
  • Article, Illustration
    Lock icon S'pore's variable pay lags levels in some countries
    768 1  -  EXCLUSIVE Proportion is generally below those in South Korea or Japan By Anna Teo [SINGAPORE] Just how variable are Singapore wages? For senior management, for example, is the variable proportion 60 per cent, or is it 10? And, across the board, how
    Source: Mercer Human Resource Consulting; ARTHUR LEE  -  768 words
  • Article
    Lock icon Malaysian govt fund reaps 17.5% return
    364 1  -  Valuecap makes RM700m, including unrealised gains, from stocks From Eddie Toh in Kuala Lumpur A HUGE state-owned investment fund armed with RMIO billion (554.4 billion) to help prop uip the Malaysian stock market has made a return of 17.5 per cent within one year.
    364 words
  • Article, Illustration
    Lock icon Sweet Valentine's Day for businesses
    681 1  -  Florists, restaurants, hotels and travel agencies enjoy higher sales because Feb 14 falls on a Saturday By Taila Krishnakumar, Teh Shi Ning [SINGAPORE] If it isn't your wife or husband or girlfriend who loves you the most on Valentine's Day, then who could it be?
    681 words
  • Page 1 Advertisements
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  • news front
    • Article
      Lock icon IRAS to retrench 120 admin, support staff
      427 2 Affected staff have six months to volunteer to leave, cuts to take place only next Feb [SINGAPORE] The Inland Revenue Authority of Singapore will be retrenching 120 staff, two weeks after the authority announced it will restructure its operations, reported Channel News Asia
      427 words
    • Article
      Lock icon Variable pay: bosses see no adverse impact on hiring
      795 2  -  New wage drive not expected to hamper staff recruitment or retention By Anna Teo [SINGAPORE] Two weeks after the new flexiwage targets were announced, hints of the move towards greater variable pay have yet to filter through to the recruitment ads
      795 words
    • Article, Illustration
      Lock icon Summer meeting on global trade issues mooted
      567 2  -  Proposal floated at Zoellick's talks with Asean ministers By Chuang Peck Ming [SINGAPORE] The idea of a special late-summer meeting of ministers to put derailed global trade talks back on track was floated yesterday at a dialogue session here between US Trade Representative
      AP  -  567 words
    • Article
      Lock icon Correction
      56 2 IN yesterday's article, "How to manage risks and ensure strong absolute returns", we mis-spelt the names of OCBC Asset Management's fund managers. The correct name for the manager of the OCBC Japan Growth Fund is Wee Ban Yew, and that for the OCBC Singapore/Malaysia Fund is Kam Yoke Meng.
      56 words
    • Article, Illustration
      Lock icon Mind the mind on ultra-long-haul flights
      721 2  -  saturday soapbox SIA's non-stop service to Los Angeles gets the thumbs up but all that eating and drinking on board may unsettle some raju chellam LAST week, I flew on Singapore Airline's much-hyped, historic, non-stop, inaugural flight to Los Angeles that took just over
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  • Page 2 Advertisements
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      Lock icon Page 2 Advertisements Column 1
      59 2 Incorporation services in all major jurisdictions Global network of offices Ready-made companies available Management and administration services China business registration Accounting and trade support services Virtual office solutions Personal and corporate bank introductions TO ARRANGE A FREE CONSULTATION CONTACT: Simonne Toh T: +65 6535 3382 F: +65 6535 3991 E:
      59 words
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      5 2 Swiss Private Banking since 1841
      5 words
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  • the raffles conversation
    • Article, Illustration
      Lock icon RECERATING CREATIVE
      1552 3  -  The Singapore company which gave the world Sound Blaster is now ready to battle Goliaths in the bigger global arena of consumer electronics. And it is gearing up for more changes, as its chief Sim Wong Hoo tells KENNETH JAMES KENNETH JAMES JUST over a year ago Creative
      ARTHUR LEE  -  1,552 words
    • Article
      Lock icon Success and succession
      303 3 DOES it worry Sim Wong Hoo at all that when people mention Creative Technology, about the only name that comes to mind is his own? "I think the company can go on its own without me right now," he counters. "It will probably be a bit less
      303 words
    • Article
      Lock icon Unleashing the China growth potential
      543 3 SIM Wong Hoo believes he's found the key to accelerating the growth of Creative Technology's China operations: "We've set them free". He explains: "In the past the whole China operation was controlled from Singapore. So the senior management would have to come to Singapore and
      543 words
  • Page 3 Advertisements
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      Lock icon Page 3 Advertisements Column 1
      61 3 Raffles INTERNATIONAL Hotels Resorts 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 rest in
      61 words
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  • news companies
    • Article, Illustration
      Lock icon F&N's Q1 earnings down 19%
      375 4  -  By Wong Wei Kong FRASER Neave's net earnings eased 19 per cent in its first quarter as revenue fell in the absence of securitisation proceeds. The food and beverage, property and publishing group said net profit for the three months ended December 2003 dipped to
      Source: Bloomberg  -  375 words
    • Article
      Lock icon Marco Polo Q3 earnings dive as it exhausts Ardmore Park profit
      345 4  -  It has also sold 36% of freehold Grange Residences By Kalpana Rashiwala MARCO Polo Developments has sold about 45 units at Grange Residences since the start of the year, bringing total sales to about 59 units or 36 per
      345 words
    • Article, Illustration
      Lock icon Unsuccessful delisting comes at a price
      486 4  -  corporate analysis JOYCE KOH questions the wisdom of keeping a listing that no longer offers any benefits JOYCE KOH x <* V.' THE failed attempts by a host of companies in recent months to take their companies private have revived the debate on the
      486 words
    • Article
      Lock icon MARKETS
      81 4 *n M 64.07 (+1.13) ST INDEX FUTURES M 55.00 (-5.00) wm simsci U 227.30 (+0.25) SIMSCI FUTURES 227.60 (+0.30) Friday Change KLSE (X)MP 825.91 +41.26 NIKKEI 225 10,557.69 +98.43 HANG SENG 13,7.19.80 +114 67 SET INDEX 755.18 +7.02 JAKARTA COM P —***** +7.06 MANILA COMP_l,480.77 +1.49 TAIPEI WPI 6,549.18
      81 words
    • Article
      Lock icon FINANCE
      76 4 FOREX RATES US$ S$ IISS (SS per IIS$) 1.675 £(US$/S$ per 1.893 3.171 EI'RO(TS$/S$/E). 1.281 2.145 YEN 105.4 62.9(1 KM 3.800 1269 HKS 7.771 4.640 BAHT 38.92 2314 RUPIAH 8,410 5,021 RENMINBI 8199 4.855 INDIAN RI'PEE 4515 27.02 AS 1.262 0.754 NZ$ 1.423 0.850 PRIME RATES SINGAPORE 5.25 MALAYSIA
      76 words
    • corporateroundup
      • Article
        Lock icon Keppel T&T MD leaving
        36 4 ROBERT Bong is leaving Keppel Telecommunications Transportation as managing director to pursue personal interests. The resignation takes effect from March 31. Chief financial officer Lam Kwok Chong has been named managing director-desig-nate.
        36 words
      • Article
        Lock icon SIA to consider Boeing 7E7
        61 4 SINGAPORE Airlines said it will consider Boeing Co's 7E7 plane for its fleet expansion. "If the operating efficiency is as good as Boeing says it is and Boeing is prepared to warrant it, then it would definitely be an aircraft that SIA would look at
        61 words
      • Article
        Lock icon Untitled
        67 4 JURONG Engineering's net earnings plunged 89.3 per cent for the year ended Dec 31, 2003, to $524,000 from $4.9 million. Turnover fell 27 per cent to $179 million due mainly to fewer contracts secured in 2002. It has jobs in hand of $263 million as at end-Jan-uary, and expects operating
        67 words
      • Article
        Lock icon Untitled
        47 4 COMFORTDELGRO Corp has entered into four joint ventures in Chengdu, the capital of Sichuan province. The four deals, signed yesterday, cover taxi operations, automotive repair and maintenance, vehicle inspection* and car rental and leasing. The total investment value for ComfortDelGro is about 76.2 million renminbi (S$15.3 million).
        47 words
      • Article
        Lock icon Untitled
        38 4 GAINS of $41.8 million arising from distributions from a subsidiary under liquidation helped lift Goodwood Park Hotel's net profit for the first quarter ended Dec 31, 2003, to $46.6 million from a $681,000 net loss a year ago.
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      • Article
        Lock icon Untitled
        28 4 BONVESTS Holdings said net profit for the year ended Dec 31,2003, rose 65.8 per cent to $10.6 million. A first and final dividend of 2.5 cents was declared.
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      • Article
        Lock icon Untitled
        87 4 ISETAN, which recently changed its year-end to Dec 31 from March 31, said net profit for FY2003 was $1.1 million and turnover $243.9 million. These compare with profit of $1.04 million and turnover of $195.9 million for the period April 1 to Dec 31, 2002. On a 12-month to 12-month
        87 words
    • Article, Illustration
      Lock icon Just a matter of following the script
      630 4  -  market review r sivanithy IT'S not that often we come across a week in which there were no distinct trading themes, but this week was one such creature. Yet it wasn't totally unexpected, given the growing consensus in the market that stocks look
      630 words
    • Article, Illustration
      Lock icon Best World sets sights on Singapore listing
      432 5  -  Lifestyle retail company co-founded by ex-Asme president hopes to list by end '04 or early '05 By Kenneth Lim BEST World International, a lifestyle retail company co-founded by former Association of Small and Medium Enterprises president Dora Hoan, is eyeing a Singapore listing.
      FILE PHOTO  -  432 words
    • Article, Illustration
      Lock icon Future looks good for Craft Print: director
      558 5  -  That's partly why it restored pay cuts off top 2 directors By Kenneth Lim CRAFT Print International's first-quarter numbers are positive and good prospects are expected for the second quarter ending March, said independent director David Tan. "The numbers are looking better for
      FILE PHOTO  -  558 words
    • Article
      Lock icon New Toyo's China-focused subsidiaiy eyes SGX listing
      421 5  -  By Loh Hui Yin THE parent will focus on international customers while its soon-to-be-listed subsidiary will be a China play serving the domestic market there. That would probably be how New Toyo International would differentiate itself from its wholly-owned subsidiary Shanghai Asia Holdings
      421 words
    • Article
      Lock icon Bumper net profit of $87.9m for Kim Eng
      317 5  -  By Siow Li Sen HELPED by the buoyant market, Kim Eng yesterday posted bumper net profits of $87.9 million for the nine months ended Dec 31, 2003 and decided to reward shareholders with a 5-cent dividend, a jump of 400 per cent.
      317 words
  • Page 4 Advertisements
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  • Article, Illustration
    Lock icon FINANCE
    599 5 Transaction date: Feb 13 All-series: Maturities > a yr; Short 1-3 yrs; Long: > 3yrs MTERBAMK CURRENCY RATES Against S$ Against US$ Against S$ Against USS Cwranclts Bid Offtr Bid Offar Currencies Bid Offar Bid Offtr SSWSS to 100 SS/VSS to one una of foreign currency: unite of foreign
    599 words
  • Page 5 Advertisements
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      Lock icon Page 5 Advertisements Column 1
      964 5 biAtreat 810-TREAT TECHNOLOGY LIMITED (Incorporated in Bermuda on 22 August 2003) Invitation in respect of 233,800,000 ordinary shares of HKSO.4O each comprising 156,000,000 New Sharea and 77,800,000 Vendor Sharea as follows: (a) 15,000,000 Offer Sharea at 550.46 each by way of public offer; and (b) 218,800,000 Placement Sharea at 550.46
      964 words
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  • money personal finance
    • Article, Illustration
      Lock icon brokers'take
      609 6  -  Compiled by VEN SREENIVASAN Dec EKek Feb 13 dosing: $3.04 ELEC Eltek's 2Q04 results exceeded our expectations. Net profit of $18.7 million was $5.6 million above our expectations. The variance came mainly from a significant decline in administrative costs from $12 million in IQO4 to $7.8 million in 2Q04
      Source: Bloomberg  -  609 words
    • tradestowatch
      • Article, Illustration
        Lock icon Untitled
        59 6 TREK 2000 International chairman and chief executive Henn Tan's wife, Ang Poh Tee, bought 200,000 shares on the open market on Tuesday at 64.25 cents apiece. The purchase brings Mr Tan's deemed stake in the thumbdrive specialist to 47.69 per cent from 47.61 per cent. Trek shares fell half a
        59 words
      • Article
        Lock icon Broadway chairman's sale
        65 6 BROADWAY Industrial Group executive chairman Wong Sheung Sze's direct stake has been trimmed to 3.67 per cent from 3.86 per cent after 220,000 shares were sold on the open market by the chargee on Wednesday at 27.5 cents each. He also has a 13.69 per cent deemed
        65 words
      • Article
        Lock icon Untitled
        57 6 CAM-GTF Ltd bought 318,000 shares of engineering control and instrumentation specialist Total Automation on the open market on Wednesday for an undisclosed sum, raising its direct stake to 10.96 million shares or 6.8 per cent, up from 6.6 per cent. Total Auto rose 2.5 cents or 3.3 per cent to
        57 words
      • Article
        Lock icon Untitled
        63 6  - Compiled by KENNETH LIM SINGAPORE investment agency Temasek Holdings' direct and deemed stake in Singapore Airlines is now 57.03 per cent, up from 56.98 per cent. The change on Feb 10 follows "open market purchases and sales, disposal of shares arising from exercises of put option, error in trade". SIA
        63 words
    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      945 6 for week beginning Feb 9 Sm>i—<l»l tav He of Mm SNAKNOUNMS Trans flwrdwHar Sd Sham Per Mora Aftor Stock Data mractor Com 088 ihri PWO) (HOW Multivision 12-Feb-04 Vincent Lin Buy 45S 0 33 900 0.26 1435 0.37 Multtvision 12-Feb-04 Vincent Un Buy 545 0.33 435
      945 words
    • Article, Illustration
      Lock icon New premiums will rise this year: LIA
      559 6  -  Stronger markets have boosted investor appetite, investment-linked sales are rising, and more are paying through CPF. GENEVIEVE CUA reports GENEVIEVE CUA NEW premiums for the insurance industry dropped 20 per cent to $5.25 billion last year, but Life Insurance Association (LIA) president Raymond
      FILE PHOTO  -  559 words
    • Article
      Lock icon US interest rates are crucial
      1248 6 Fed may raise rates in H1 as the global upswing continues THE year 2004 has started with a change in focus. We are now reaching the stage in the cycle when economic news confirming the recovery that was previously considered good will now be taken
      1,248 words
    • Article, Illustration
      Lock icon Just financial peace of mind
      839 7  -  As planning one's finances is by no means a simple task, it is best to have an experienced adviser on board, says GENEVIEVE CUA GENEVIEVE CUA WHAT constitutes a good financial plan? Last month, a competition to recognise the "financial adviser representative of the year"
      BERITA HARIAN  -  839 words
    • Article, Illustration
      Lock icon Is ethics dead?
      1028 7  -  show me the money teh hooi ling UV USINESS ethics is a contradicJ J tion in terms. Just like the I M phrase jumbo W shrimps." That's how The Economist began one of its surveys on business ethics some years back. With ethical transgressions committed by financial
      1,028 words
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  • Page 7 Advertisements
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      Lock icon Page 7 Advertisements Column 1
      196 7 J Yes! I want to subscribe to one year of The Business Times and Forbes at only $298. and have a CYC 100% Cotton Wrinkle-Free Shirt tailor-made for me (total value including gifts UP: $509), Name: (Mr/Ms/Mdm) NRC No.: Occupation: Address: Postal Code: Contact Nos.: (H) (0) (Hp) Email: Are
      196 words
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  • news at home
    • Article
      Lock icon Dell's Asia-Pac sales soar to US$4b in FY04
      691 8  -  Region was the fastest-growing in unit shipments for fiscal Q4 with a rise of 34% By Raju Chellam US COMPUTER giant Dell grossed a record US$4 billion in revenue from the Asia-Pacific and Japan region for its fiscal year ended Jan 30,
      691 words
    • Article
      Lock icon How badly did CNY hit NODX?
      441 8  -  eye on the economy exports By Chuang Peck Ming AT least this much is clear from the forecasts of the performance of Singapore's key non-oil domestic exports last month: the NODX's growth is likely to have come in lower than December's surprisingly high gains
      441 words
    • Article
      Lock icon Ong Teck Hui joins JLL on Monday
      248 8  -  He will be 6M of portfolio planning, DBS Bank account By Andrea Tan VETERAN property consultant Ong Teck Hui, formerly director of special projects at Temasek Holdings, joins Jones Lang LaSalle on Monday. Mr Ong, 49, will be JLL's general manager of portfolio
      248 words
    • Article
      Lock icon Consumers to gain from budget airlines' challenge
      218 8 AIR travellers in the AsiaPacific are poised to enjoy cheap flights and the best travel package deals ever, thanks to a potentially debilitating price war between traditional network carriers and low-cost carrier (LCCs) upstarts. And by the time the dust settles, some network
      218 words
  • Page 8 Advertisements
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      Lock icon Page 8 Advertisements Column 1
      961 8 GOODWOOD PARK HOTEL LIMITED AND ITS SUBSIDIARIES (Incorporated in Singapore) FIRST QUARTER RESULTS ANNOUNCEMENT H UNAUDITED QUARTERLY RESULTS FOR THE THREE MONTHS ENDED 31 DECEMBER 2003 1. Income Statement Group 31/12/03 31/12/02 $'000 $'000 Revenue Hotel operations 28,059 25,639 9.4 Investment operations 2,791 671 315.9 30,850 26,310 17.3 Cost of
      961 words
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      Lock icon Page 8 Advertisements Column 2
      198 8 Cafltoß-frec 1800 289 8822 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF STERLING SOFTWARE (SINGAPORE) PTE. LTD. (IN MEMBERS' VOLUNTARY LIQUIDATION) NOnCE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308(1) of the Companies Act, Cap. 50 that the Final Meeting of
      198 words
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  • focus currencies
    • Article, Illustration
      Lock icon Rising A$ gives some short-term profit boost
      1095 9  -  Listed CapitaLand, Cerebos and Tat Hong are among those that are reaping significant forex gains By Daniel Buenas [SINGAPORE] The strengthening of the Australian dollar may give a shortterm boost to the balance sheets of Singapore companies with large investments in Australia but
      Source: Reuters; AFP  -  1,095 words
    • Article, Illustration
      Lock icon Rising euro not deterring Asian investors from European assets
      957 9  -  But euro's strength is a double-edged sword From Matthew Saltmarsh in Brussels WHILE analysts and officials do not expect a major inflow of funds from the Far East into the euro-area in the near future, there is at the same time
      Source: Reuters  -  957 words
    • Article
      Lock icon S'pore firms take pre-emptive steps to counter higher yuan
      822 9  -  By Taila Krishnakumar [SINGAPORE] Most Singapore companies do not expect the Group of Seven's (G-7) call on China to free its yuan peg to result in the currency appreciating considerably or to significantly affect operations. Still, some are taking precautions, saying
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  • news region
    • Article, Illustration
      Lock icon HK property market on a roll after 6-year downturn
      668 10 Some market watchers, including developers, are worrying that the market is rising too far, too fast Reuters [HONG KONG] For Hong Kong's notoriously volatile property market, it's looking like deja vu. "People are going crazy," said real estate agent Lena Choi,
      Reuters; AFP  -  668 words
    • Article
      Lock icon Wanted: local or foreign CEO for MAS
      317 10  -  From Eddie Toh in Kuala Lumpur THE Malaysian government is looking for the best person either local or foreign to head Malaysia Airlines (MAS), which has turned around after five difficult years. "The search is on for the best CEO we can find,"
      317 words
    • Article
      Lock icon PICC, Great Wall Auto share trading under scrutiny
      292 10 Bloomberg [HONG KONG] Trading related to shares of PICC Property Casualty Co, China's first insurer to sell stock abroad, and Great Wall Automobile Holdings Co are being investigated in Hong Kong, the securities regulator said. The trading activities are being probed to
      Bloomberg  -  292 words
    • inbrief
      • Article
        Lock icon CIMB to pay RM400m for TA brokerage
        86 10 Bloomberg [KUALA LUMPUR] CIMB Bhd, Malaysia's biggest investment bank, said it signed a preliminary agreement to buy the stock brokerage business of TA Enterprise Bhd for RM4OO million (Ssl76 million), expanding into retail broking. Under the plan, CIMB will issue 80 million new
        Bloomberg  -  86 words
      • Article
        Lock icon Kasitah likely to meet PM on Monday
        69 10 Bernama [KOTA KINABALU] Malaysia's Land and Cooperative Development Minister Kasitah Gaddam is expected to meet Prime Minister Datuk Seri Abdullah Ahmad Badawi on Monday to discuss his position in the Cabinet, sources said yesterday. The minister's position in the Cabinet is in question
        Bernama  -  69 words
      • Article
        Lock icon Asia's bird flu not under control: FAQ
        86 10 Reuters AFP [BANGKOK] Asia's bird flu epidemic is still not under control, with Cambodia, China, Indonesia and Laos reporting new outbreaks of the virulent HSNI virus, the UN's Food and Agriculture Organisation said yesterday. China alone reported seven new confirmed bird flu outbreaks
        Reuters; AFP  -  86 words
      • Article
        Lock icon Judge who sentenced Akbar to resign
        86 10 AFP [JAKARTA] The head of a judicial panel which sentenced Indonesia's parliamentary speaker Akbar Tanjung for corruption wiU resign after the Supreme Court overturned the guilty verdict, a report said yesterday. "I am sincerely disappointed," the Kompas daily quoted Amiruddin Zakaria, 54, as saying.
        AFP  -  86 words
      • Article
        Lock icon 3 HK banks to open branches in Shenzhen
        68 10 Bloomberg [SHANGHAI] Hong Kong lenders Dah Sing Bank, Shanghai Commercial Bank Ltd and Wing Lung Bank Ltd won approval from China to open branches in Shenzhen, the China Banking Regulatory Commission said on its website. China is helping Hong Kong recover from
        Bloomberg  -  68 words
      • Article
        Lock icon US to negotiate FTA with Thailand
        66 10 Bloomberg [WASHINGTON] US Trade Representative Robert Zoellick said his office will pursue a free-trade agreement with Thailand, part of a strategy to overcome the collapse of world trade talks last September. "Negotiation of a free-trade agreement would level the playing field for US exports,"
        Bloomberg  -  66 words
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  • news region/world
    • Article, Illustration
      Lock icon Stakes rise in power struggle at Manchester United
      707 11 US tycoon Glazer reported hiring Commerzbank to study possible bid Reuters [DUBLIN] The stakes are rising in the powerstruggle at Manchester United, with two Irish horse racing tycoons and US sports magnate Malcolm Glazer both increasing their holdings in the English soccer
      Reuters; REUTERS  -  707 words
    • Article
      Lock icon Thailand to launch 50b baht Vayupak II fund
      384 11 Reuters [BANGKOK] Thailand is setting up a second Vayupak mutual fund worth about 50 billion baht (552.15 billion) to invest in state infrastructure firms and aimed at institutional investors and foreign funds, its architect said yesterday. A matching fund, with Singapore's Temasek
      Reuters  -  384 words
    • Article
      Lock icon US' Dec trade gap widens unexpectedly to US$42b
      475 11 Deficit for the full year jumps 17% to a record US$489b Reuters AP Bloomberg [WASHINGTON] The US trade deficit widened nearly 11 per cent in December, leading to a record U*****.4 billion deficit for 2003, as strong US economic growth sucked in
      Reuters; AP; Bloomberg  -  475 words
    • Article
      Lock icon US deficit balloons by a third
      263 11 AP [WASHINGTON] The US government produced a deficit of US$l3O.l billion for the first four months of the 2004 budget year, which was one-third more red ink than for the same period the previous year. The figures released on Thursday by the Treasury Department
      AP  -  263 words
    • inbrief
      • Article
        Lock icon Dell posts 24% rise in Q4 profit, sees rising business demand
        143 11 Bloomberg [LOS ANGELES] Dell Inc, the world's second-largest personal-computer maker, said fourth-quarter profit climbed 24 per cent to a record as corporate demand for PCs rose and the company sold more profitable products such as servers and storage devices.
        Bloomberg  -  143 words
      • Article
        Lock icon SEC rejects settlement bids from floor trading specialists
        136 11 Reuters [AMSTERDAM] US securities regulators have rejected initial offers from some of the New York Stock Exchange's largest floor-trading specialist firms to settle allegations of improper trading, the Wall Street Journal said yesterday. At least five floor trading firms face possible action
        Reuters  -  136 words
      • Article
        Lock icon Prosecutors say Samsung paid US$30m in bribes
        115 11 AFP [SEOUL] Prosecutors investigating political corruption said yesterday the Samsung Group paid nearly US$3O million to the conservative opposition ahead of the 2002 presidential elections. South Korea's largest conglomerate was responsible for nearly half the illicit funds allegedly received by the country's Grand
        AFP  -  115 words
      • Article
        Lock icon Japanese business sentiment strengthens: survey
        81 11 Reuters [TOKYO] Business sentiment in Japan improved in the October-December quarter from the previous three months, a government survey showed yesterday. The business survey index (BSI) for October-December rose to plus 17 from plus 6 in the previous quarter, according to a survey by the
        Reuters  -  81 words
      • Article
        Lock icon Hyundai Q4 profit jumps to 460b won on strong US sales
        105 11 Reuters [SEOUL] South Korea's top auto maker, Hyundai Motor Co, reported a sharp rise in quarterly net profit yesterday, fuelled by record US sales of its New EF Sonata sedan and Santa Fe sport utility vehicle. Hyundai, 10 per
        Reuters  -  105 words
      • Article
        Lock icon Calpers plans private equity investments of up to US$3b
        70 11 Reuters [SAN FRANCISCO] Calpers expects to make up to US$3 billion in private equity investments this year, paying special attention to opportunities in Europe and Asia, an official with the biggest US public pension fund said on Thursday. The official said
        Reuters  -  70 words
  • Article
    Lock icon KLSE
    5 11 Transaction date: Feb 13
    5 words
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  • news world
    • Article
      Lock icon Microsoft source code leaked over Internet
      514 12 But too early to say how much damage it may cause, analysts say AP [SEATTLE] Microsoft Corp says incomplete portions of the source code for some versions of its Windows computer operating system were leaked over the Internet, but analysts caution it's too early
      AP  -  514 words
    • Article
      Lock icon No changes in MSCI's index status for Korea, Taiwan
      166 12 Reuters [NEW YORK] Global stock index compiler MSCI made no changes to country weightings in its widely followed indexes on Thursday, surprising some investors who had expected an upgrade to developed market status for South Korea and Taiwan. Such a move
      Reuters  -  166 words
    • Article
      Lock icon Microsoft has a role in Comcast-Disney drama
      449 12 COMCAST-DISNEY TAKEOVER FIGHT But it is staying on the sidelines now and not taking sides NYT MICROSOFT has three options in the Comcast-Disney takeover fight: play the saviour, the banker or stay on the sidelines. Microsoft, which holds 7.4 per cent of Comcast
      NYT  -  449 words
    • Article, Illustration
      Lock icon Disney CEO Eisner cracks analysts up
      384 12 He makes light of topics such as failed talks with Pixar, Comcast's takeover bid Reuters HIS company is in play and his job may be on the line, but Walt Disney Co chief executive Michael Eisner showed on Thursday that he can still crack
      Reuters; REUTERS  -  384 words
  • Article
    Lock icon STOCKS ASIA
    6 12 Transaction date: Feb 13
    6 words
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  • style motoring
    • Article, Illustration
      Lock icon Just a little bit sweeter
      728 13  -  The Porsche Cayenne V6 may share a common platform and engine with the Volkswagen Touareg, but as SAMUEL EE finds out, the Cayenne's heritage shows SAMUEL EE COMPARISONS are invariably made when similar models from different manufacturers are unveiled. But when two models from two
      728 words
    • Article, Illustration
      Lock icon bravenewwhirl
      479 13  -  Compiled by SAMUEL EE Mercedes-Benz to unveil new SLK EIGHT years after the first stubby SLK was unveiled, a new, more appealing Mercedes roadster will replace it. Taking its design cue from the SLR McLaren supercar, the new two-seater with its rigid folding roof will be launched in Europe
      479 words
  • Article
    Lock icon UNIT TRUSTS & FUNDS
    47 13 UNIT TRUSTS FUNDS LEGEND: All prices are indicative except for ex Ringgit Assets; v Broadly Diversified; Narowly Focused; Lower Risk; Low to Medium Risk; Medium to High Risk; Higher Risk; open-ended; Before subdivision of units; After subdivision of units; SP after stock split; N.A- Non Dealing Day
    47 words
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  • style sports
    • Article, Illustration
      Lock icon Sanders to go for Klitschko
      400 14 He's negotiating for a crack at the WBC title after Lennox Lewis' retirement last week AP [LONDON] Less than a week after heavyweight champion Lennox Lewis retired, Corrie Sanders and Vitali Klitschko have begun talks for a bout for the vacant WBC title. Sanders, the
      AP  -  400 words
    • Article, Illustration
      Lock icon The forgettable career of Lennox Lewis
      596 14  -  frankly speaking walton morais NOW that world heavyweight boxing champion Lennox Lewis has retired, it is time to assess his place in history. His renowned trainer Emanuel Steward has often said the Briton would be remembered as one of the all-time greats. He won't.
      596 words
  • Article
    Lock icon SGX
    743 14 Transaction date: Feb 13 TURNOVER (*000) VALUE f000) ma Total Mate Sdq Total Mufti Ind 36,615 36,615 27.749 27.749 Manufaeturg 296,606 27,326 323.932 294.424 9.979 304.403 Commerc* 80,189 25.349 105,538 36,776 7,113 43.869 Tpt/Stor/Com 104,946 2,442 107,388 238,690 1.546 240.235 Finance 36.526 4,605 41,131 88.868 3.298 92.167 Construction 45,747
    743 words
  • Article
    Lock icon SGX SESDAQ
    1838 14 52-Wk Tol lart Vol Day UMQvote GrtMv 0h» GrVW Net MCan 52*k T4 Vol Dtf L*«Q«ot. GrOfe 01* OrtJJ «JJ MC» Wgh low Code Company Sol. COOP) High low toy* <Mm Cvr W hi Hgi low Codo Cowyaoy Solo W- COOP) U>w My«f i+m Cw K W ic
    1,838 words
  • Article
    Lock icon BONDS & WARRANTS
    625 14 BONDS WARRANTS Td Last Vol Conv Eiv '□St Gw Id Urt Vol Com Eaor Dtac Goor'StS Co4o cmm Solo ♦or- COM) totto Wo It loll C»4o Cowpooy Solo ♦or- COOP) totto Prteo log Loh SIA DBS ECW*****0 22 0.1 1024 10 3698 AST1W*****1 -42 unch 63 1 16 -2 1.40
    625 words
  • Article
    Lock icon CLOB INTERNATIONAL
    197 14 S2-M Tal Last Vol Day Lact Quote GrOiv Dtv GrYtd Nat MCap HWi low Coda Comply Sate W- C000) HI# low tiiyar Sa«ar Cut W 193 96 6000 AVJennings A25c A182 unch 49 183 182 182 183 40 8.8 5.S 6.9 3917 6001 Cathay Pac 20c HK720 265
    197 words
  • Article
    Lock icon SGX XTRANET
    214 14 <2-Wk Tol Last Vol Day Lact Quota GrOrv Div GrVW Nat MCaa Coda Ctmnmt S* W- (HOP) HUfcUmtoyofSotof Cvr g 2060 2000 6065 Diamonds US2060 2120 6095 ISDJUSTedl US3740 6097 tS MSG Spore US555 6101 ISS&PSOO US8270 9650 9650 6170 SPORS US9650 1905 1230 6235 STIETF100 1875 -5
    214 words
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  • style health
    • Article, Illustration
      Lock icon All pain, no gain
      745 15  -  Migraine hits twice as many women as men and sleep deprivation is a major culprit. But there's still hope at hand as CHEAH UI-HOON finds out CHEAH UI-HOON IT'S Valentine's Day, and you might well walk into a room with turned down lights and muted music.
      FILE PHOTO  -  745 words
  • Article
    Lock icon SGX MAINBOARD
    6 15 Transaction date: Feb 13
    6 words
  • Page 15 Miscellaneous
    • Miscellaneous
      Lock icon Page 15 Miscellaneous Column 1
      192 15 CRYPTIC CROSSWORD Dare-devil takes second to ctean shield (12) L-J^B_JBLJB^J|pL_JBB___BB__^BL_J 19 Mainly behind (6) 21 Graphic figure has many a |H(L_JBL_JBL_jßß__PM___JiM__^l convulsion (12) STI M M 24 All right in Middle East to find donkey I 25 Amount laid out in clothing DOWN 1 Model remains with this to 11
      192 words
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  • style shopping
    • Article, Illustration
      Lock icon Spa speak
      837 16  -  Unruffled by consolidation in the spa industry, French brand Phytomer is basking in the trend towards natural cosmetics. CORINNE KERK reports CORINNE KERK IT'S already happening in the US and it will happen here, says Antoine Gedouin, president of Phytomer, a pioneering maker of marine-based cosmetic and spa
      ARTHUR LEE  -  837 words
    • Article, Illustration
      Lock icon Male order
      481 16 ATTENTION, men who like to travel in style, and not just those from the pink dollar crowd. Louis Vuitton—much coveted, counterfeited and never on sale is taking the men's market so seriously that it's just launched a new permanent line with males in mind. Called Damier Geant (Giant
      481 words
    • instore
      • Article, Illustration
        Lock icon Untitled
        40 16 So you want to be different this year? Then go for this exquisite European amber brooch wrapped in oxidised silver. An elegant trinket that will stand out even after Valentine's Day. It costs $288 at Art Luxury, including Plaza Singapura.
        40 words
      • Article, Illustration
        Lock icon Cool shades
        39 16 Called the Troika, no less, because of the Eastern European mystique behind this pair of sunglasses. Made in Austria by Christian Dior, the sturdy silver stainless steel frame exudes unisex appeal. Available at $385 at Specialist Eyecare.
        39 words
      • Article, Illustration
        Lock icon Take a walk
        52 16 Courtly dress shoes are a bargain with this dignified four-inch heeled pair. Elegantly wrapped in fine metallic mesh (silver, pewter or copper), it'll take you from cocktail party to your best friend's wedding. And no one needs to know that it costs only $35.90 at VNC, City
        52 words
      • Article, Illustration
        Lock icon Pairing up
        72 16  -  Compiled by MIKE CHUA Don't panic if you haven't got anything for your Valentine yet. Let your animal instincts take over with this limited edition bear and wolf collectible. Made of mohair (real goat hair) and rabbit fur and designed by distinguished German bear artist Renate Schmidt, the
        72 words
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  • style pursuits/wine&dine
    • Article, Illustration
      Lock icon Enduring sounds
      497 17  -  By Geoffrey Eu POPULATED as it is these days with a dizzying array of musical genres, the music world is a far different place from the one where blues man Robert Cray formed his first band 30 years ago in Eugene, Oregon. Even so, in the intervening three
      497 words
    • Article, Illustration
      Lock icon entertainmentguide
      1176 17 Going out or staying in this weekend? We round up reviews and recommendations book Straits revelations More than just a coffeetable book of nice old pictures, a lot of scholarly research went into Sketches in the Straits: Nineteenth Century watercolours and manuscript of Singapore, Malacca, Penang and Batavia by
      1,176 words
  • Page 17 Advertisements
    • Advertisement
      Lock icon Page 17 Advertisements Column 1
      764 17 wine&dine with weekendßT Asian Wok Cfrand Plaza Partcroyal Orchard Hotal Savolr Flm Food 45 Boat Quay. Tel: 6532 9006 10Coleman Street. Tel: *****543 442 Orchard Rd. Tel: *****554 mmmmmz mmzumi #01-01,39 Pekin Street (Far East Square). Savour a sumptuous spread of Asian dishes in a relaxed A la carte buffet
      764 words
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  • style food
    • Article, Illustration
      Lock icon To health and history
      1054 18  -  GEOFFREY EU talks to several prominent wine personalities who were in town about their heritage and products GEOFFREY EU UNLIKE France, Singapore is not a nation of wine drinkers. However, given the inordinate number of tasting events these days, we may possibly qualify as a nation
      CHRIS LOH  -  1,054 words
    • Article
      Lock icon Drink when you want, where you want
      345 18 SOME of the most respected names in Bordeaux are now under corporate ownership Pichon-Longueville, Beychevelle and Yquem, to name a few but many are still owned by the families that originally bought them. First Growth biggie Chateau Lafite was purchased in 1868 by
      345 words
    • Article
      Lock icon Where fine wines are aged to greatness
      354 18 WERE it not for the fact that he was born, lives and works in Portugal, Paul Symington with his name, accent and mannerisms would be considered a fairly typical Brit. Instead, he is a fourth generation member of The Symington Family Port Companies,
      354 words
    • Article, Illustration
      Lock icon A slice of Japan on their pizzas
      821 18  -  By Cheah Ui-Hoon THERE is a cute little story in Oishi Pizza's brochure that tells of a young Japanese adventurer who sailed from Tokyo to explore the world, and ended up learning to make pizza in Italy. He wooed his future Japanese wife
      CHRIS LOH  -  821 words