The Business Times, 1 May 2004
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2004-05-01
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The Business Times
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Title Section10 2004-05-01 1 THE BUSINESS TIMES 85C MITA(P) 023/03/2004 SINGAPORE MA* 1 .'MM10 words
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804 2004-05-01 1 Chuang Peck Ming - Unemployment also expected to fall, he says in May Day message By Chuang Peck Ming [SINGAPORE] In contrast to the sombre mood of his message last year, Prime Minister Goh Chok Tong brings cheerful news to workers this May Day.804 words
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Article, Illustration731 2004-05-01 1 Anthony Rowley - Most bourses close lower as Beijing takes measures to curb bank lending and head off inflation From Anthony Rowley in ioKyo STOCK prices plunged in Tokyo and in other Asian markets this week on fears that China's economic boom the locomotiveSource: Bloomberg - 731 words
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645 2004-05-01 1 Siow Li Sen - Their net profit up 80% and 61% respectively By Siow Li Sen [SINGAPORE] Thanks to the economic recovery and to higher fee income and lower provisions, two of the three local banks have reported sparkling first quarter results that bested market expectations. The645 words
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641 2004-05-01 1 Kenneth Lim - First loss since listing; auditor finds misstatements were unintentional By Kenneth Lim [SINGAPORE] After a shock profit warning last month over overstated earnings, education provider Informatics Holdings yesterday posted a full-year net loss of $20.6 million, its first loss since its listing 11641 words
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Page 1 Advertisements
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Advertisement16 2004-05-01 1 WktH W 1 SHOPPING mm PAGCI6 ,i f ,-w S .><<-'; 'V > S x 11 8 II16 words
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Advertisement12 2004-05-01 1 i .> < £;i..' >' J--° CORPORATE ANALYSIS Hopes for UOB IWIS x-P < \llfe. -J12 words
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Advertisement42 2004-05-01 1 D9M|fl MOTORING Surprisingly practical Lambo. MOCI4 More reports Beijing to take severe steps to cool economy, Pg2 China's growth unlikely to slow down much: economists, PglO DBS has non-interest income to thank, Pg 4 OCBC makes strong start to year, Pg 442 words
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Advertisement53 2004-05-01 1 y fIHBHj HEALTH state of MK iS- FOOD Whirlwinc culinary tour. PA* If Why should we buy Robinsons? We can create ten Robinsons ourselves.* the ma*l>eliind Serangoon Road shopping haven Mustafa, speaks his WiHnd on retailing, f Singapore landlords, MF and business expansion I mfr A .JjK J ,8* jM53 words
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newsfront
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Article, Illustration380 2004-05-01 2 Anna Teo - Unemployment rate remains at 4.5% at the end of March By Anna Teo [SINGAPORE] A spot of May Day cheer: The job market remained on the recovery track in the first quarter, with the unemployment rate steady at 4.5 per cent at the380 words
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ON THE grapevine
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Article, Illustration142 2004-05-01 2 THE DBS black card has been voted best new credit card product in an international ranking of American Express card campaigns. DBS beat almost 50 entries from 24 other institutions to win the award Accepting it in Milan, Italy, last week was Edmund Koh,142 words
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Article177 2004-05-01 2 EMPTY vessels make the most noise. But what about empty stomachs? A listed Malaysian cement company appears to think the way to shareholders hearts' is not through their stomachs. It is doing away with the traditional buffet spread at its upcoming AGM on May 12. Lafarge Malayan177 words
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270 2004-05-01 2 [SINGAPORE] The Singapore Ministry of Defence, noting that some media reports of a recent speech by its minister on maritime security have been inaccurate, yesterday highlighted the main thrust of his speech. Defence Minister Teo Chee Hean, in a speech at the Western Pacific270 words
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Article, Illustration670 2004-05-01 2 Measures will be economic, legal and administrative Reuters, Bloomberg [ROME] Chinese Premier Wen Jiabao yesterday said the government would adopt "severe" measures to cool its fast-growing economy and "tendency for strong inflation". "There are problems and contradictions in our economic performance," he told ItalianReuters,; Bloomberg; REUTERS - 670 words
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Article, Illustration832 2004-05-01 2 quak hiang whai - Saturday soapbox Singapore is not the centre of the universe and mainland Chinese do not need us as much as we may think they do quak hiang whai A LOCAL media report this week addressed the question of head honchos of listed mainland832 words
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Page 2 Advertisements
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Advertisement61 2004-05-01 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 70 ARRANGE A FREE CONSULTATION CONTACT: Simonne Toh T: +65 6535 3382 F: +65 6535 3991 E:61 words
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the raffles conversation
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Article, Illustration2554 2004-05-01 3 WONG WEI KONG - WONG WEI KONG talks to Mustaq Ahmad, the man behind the inimitable Serangoon Road shopping haven Mustafa WONG WEI KONG LOOKING for Mustaq Ahmad in his new office at Mustafa Centre is like looking for something in his vast store: you'll find it quickly enough if youARTHUR LEE - 2,554 words
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Page 3 Advertisements
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Advertisement133 2004-05-01 3 The Raffles Conversation is brought to you m through a special arrangement with Raffles I M lii v International Hotels and Resorts. The I -J I I If V Traveller's Palm in the Raffles International «JL I WL/ logo is an apt symbol. Not only has water stored INTERNATIONAL at133 words
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news companies
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509 2004-05-01 4 Siow Li Sen - A lot of it is client-related, it tells investors concerned about earnings volatility By Siow Li Sen BESIDES) lower provisions, the main driver for DBS' 80.1 per cent surge in net earnings to $488 million was its non-interest income. Net interest income (traditional bank509 words
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Article688 2004-05-01 4 Taila Kriahnakumar - Earnings up 61% to $256m as it shifts focus to growth, away from cost cutting By Taila Kriahnakumar OCBC Bank's chief executive David Conner looked happy at yesterday's first-quarter results briefing. He has reason to be as Singapore's smallest lender unveiled a 61 per688 words
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Article, Illustration369 2004-05-01 4 Kalpana Rashiwala - SingLand boosted by better results from its associates By Kalpana Rashiwala OFFICE giant Singapore Land yesterday reported a 15 per cent increase in Q1 net earnings to $22.2 million, and this helped parent United Industrial Corporation (UIC) to post a 38 per centARTHUR LEE - 369 words
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Article, Illustration693 2004-05-01 5 Serena Ng - By Serena Ng THE business of coal mining not only conjures images of "black gold", but is also often associated with hard labour, deforestation, and environmental damage. But at a coal mine in East Kalimantan owned by businessman Low Tuck Kwong,693 words
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Article76 2004-05-01 5 FOREX RATES us$ s$ I'SS (SS per IJSS) 1.705 £(l S$/S$ per t)1.768 3.013 Rl'ROfl'SS/SS/K)* 1.194 2.035 YEN 110.5 64.80 RM 3.800 129 HKS 7.800 4.575 BAHT 40.03 23.48 RIPIAH 8,710 J. 5,109 KKNMINB1 ....8.277 4.855 INDIAN RUPEE 44.39 26.04 AS 1.391 0.816 NZS 1.608 0.943 PRIME RATES SINGAPORE76 words
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Article76 2004-05-01 5 ST! 1,842.03 (+29.90) ST INDEX FUTURES 1,835.00 (+24.00) SIMSCI 224.12 (+4.06) SIMSCI FUTURES 223.00 (+2.30) Friday Change KLSK COMP 8.J8.2I -11.51 NIKKEI 225 11.761.79 242.5(1 HANG SENG 11.942.96 -62.62 SCT INDEX _64S.15 -8.2:1 JAKARTA COMP 7fCi.41 18.55 MANILA COMP 1.555.01 -26.94 TAIPEI WPI .6.117.81 -284.40 SEOILCOMP 862.84 -12.57 SHENZHEN76 words
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Article, Illustration694 2004-05-01 5 r sivanithy - market review r sivanithy IT has not been an easy week for traders in the local stock market, with a combination of Chinarelated worries and US inflation/interest rate fears leading to widespread selling, not just here but in all markets starting with Wall Street. All694 words
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1203 2004-05-01 5 WONG WEI KONG - corporate analysis Punters betting on the bank's divestment of non-core assets should realise they're up against a resourceful Wee Cho Yaw, says WONG WEI KONG WONG WEI KONG HAS the much hyped restructuring play surrounding United Overseas Bank turned out to be an anti-climax?1,203 words
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Article, Illustration321 2004-05-01 6 Kenneth Lim - The retailer's securitisation deal with Assetrust will help fund expansion plans By Kenneth Lim COURTS (Singapore) has struck a deal to securitise its consumer receivables, a move aimed at giving it a more efficient source of funds. A five-year revolving securitisation deal arrangedFILE PHOTO - 321 words
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243 2004-05-01 6 Teh Shi Ning - Company hopes to sustain the upturn this quarter By Teh Shi Ning CONTINUING to ride on the upturn in the global electronics industry, Fastech Synergy Ltd slashed its net losses by almost 40 per cent in the first quarter. For the243 words
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corporateroundup
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Article59 2004-05-01 6 Bloomberg SINGAPORE Technologies Engineering has appointed two deputy chief executive officers in an effort to sell more of its products and services overseas. The company said Wee Siew Kim, 43, president of its defence business, and Seah Moon Ming, 48, president of its electronicsBloomberg - 59 words
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Article64 2004-05-01 6 SINGAPORE Computer Systems (SCS) yesterday announced that it will be appointing Alvin Kok Kah Sing as its executive vice-president (international) from Monday. Mr Kok, 48, an IT veteran of more than 20 years, joins SCS from Baan Asia Pacific Pte Ltd, a software company that64 words
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Article84 2004-05-01 6 SINGAPORE Reinsurance posted an 89 per cent jump in first quarter net profit to $3.9 million. This was due partly to a 78.3 per cent rise in investment income to $4.6 million, as a result of higher realised profit on sale of investments. The group's84 words
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Article66 2004-05-01 6 OVERSEAS Union Securities' Q1 net profit jumped to $1.6 million from $225,000, due mainly to higher profits on sale of investments mainly on Hong Kong and Singapore counters. Also helping was a writeback of prior years' tax provision by a subsidiary upon approval by66 words
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Article53 2004-05-01 6 SMRT Corp has decided not to apply for an adjustment in train and bus fares this year, as it is mindful that the economy is only starting to mend and commuters are still facing hardship. The company also did not apply for a fare53 words
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44 2004-05-01 6 Reuters PT Astra International, 37.7 per cent owned by Jardine Cycle and Carriage Ltd, said yesterday its net profit rose almost 50 per cent to 1.2 trillion rupiah (Ss23o million) for the first quarter from a year ago.—ReutersReuters - 44 words
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253 2004-05-01 6 Teh Shi Ning - By Teh Shi Ning OIL and gas company Interra Resources the new entity that emerged last year following the judicial management of Van der Horst has posted a net loss of $66,000 for the first quarter ended March 31. No comparative figure253 words
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Page 4 Advertisements
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Advertisement2624 2004-05-01 4 PROPOSED VOLUNTARY DELISTING OF WPG INTERNATIONAL UMITED 1. Introduction WPG International Limited (the "Company" or "WPG") wishes to announce that the directors of the Company (the "Directors") have received a proposal from World Peace Industrial Co., Ltd ("WPIC"), the ultimate shareholder of the Company's controlling shareholder. Prime Future Technology Limited2,624 words
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Page 5 Advertisements
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Advertisement255 2004-05-01 5 6 ASIAPHARM GROUP LTD. (Incorporated in Bermuda on 2 July 2003) Invitation in respect of 105,000,000 Shares of US$O.O2 each comprising 85,000,000 New Shares and 20,000,000 Vendor Shares as follows: (a) 10,000,000 Offer Shares at 550.28 for each Offer Share by way of public offer; and (b) 95,000,000 Placement Shares255 words
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Article, Illustration601 2004-05-01 6 Transaction date: Apr 30 IMTERBAMK CURRENCY BATES Against S$ Against US$ Against S$ Against US$ Currencies Bid Offer Bid Offer Currencies Bid Offtr Bid Offar SS/USS to 100 SS/USS to one unit of foreign currency: units of foreign CISSSTtotoT I >407 1.2423 O TMO 0 7285 7 12 8202601 words
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Advertisement567 2004-05-01 6 «^^^^^^^^^^^^to^verti^alHolHreelW^8^822^Baiall^oticcs@sphxomus^ NOTICE OF ADVERTISEMENT SYARIAH COURT, SINGAPORE SUMMONS NO: ***** BETWEEN NURZUHANA BTE SARBINI PLAINTIFF AND ABDUL NAEEM AKHTAR -DEFENDANT Mdm. NURZUHANA BTE SARBINI of Blk 215 TAMPINhS STREET 23 #0453 *****5 has declared her loyalty to her husband. Mr. ABDUL NAEEM AKHTAR before the President on 27/04/ 2004 at567 words
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Advertisement29 2004-05-01 6 WeVemade a haul! Share the good news with your investors Releasing a financial statement? Call 1800 289 8822 or email notices@sph.com.sg to book your advertisement in our newspapers now.29 words
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Advertisement98 2004-05-01 6 i j.l Companies can nominate themselves for the 2004 Enterprise awards by completing the official nomination form. Companies must be home-grown, privately-owned #0 j. and incorporated under Singapore's Companies Act (1994 Revised Edition), with three years cf audited statements. jf/[Qy!Nomination forms are available at: Enterprise 50 Secretariat, c/o Accenture 25098 words
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money personal investment
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855 2004-05-01 7 Taila Krishnakumar - Expected bull run across the Causeway could prove profitable to local investors By Taila Krishnakumar iniiKC, may De no ueuer ume uidn now to invest in the Malaysian stock market. Its share valuations are attractive, commodity prices are soaring, and the political and855 words
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Article, Illustration1320 2004-05-01 7 teh hooi ling - show me the money Companies outperform the market after a bonus issue but those which issue rights tend to underperform the market teh hooi ling A FEW readers and colleagues have asked me about SPH's capital reduction and stock split. They want to know if theyCompiled by BT - 1,320 words
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Article2449 2004-05-01 7 Transaction date: Apr 30 KUALA LUMPUR GeneralSoil .126 unch 0 Vo Genting 16.50 -0.20 521 KM ('000! George Kent 0.80 -0.02 39 Globetronics Tech 0.66 unch 0 ASM Realty ...1.50 unch 14 GlomacBhd 3.00 0.15 517 Abric .0.68 unch 54 GokJ Badge Engrg 0.48 0.01 370 ACP Industries 3.352,449 words
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money personal finance
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Article, Illustration687 2004-05-01 8 VEN SREENIVASAN - Compiled by VEN SREENIVASAN lifu.,l IffUnliHiuMi warn want Mowings April 30 dosing: US$l.O7 WE are downgrading the stock from BUY to HOLD ahead of disappointing Q1 results that will be announced by midMay. The results stem from margin erosion and lower sales due to the early Chinese NewSource: Bloomberg - 687 words
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tradestowatch
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118 2004-05-01 8 THE deputy chairman and chief executive officer of SembCorp Industries, Wong Kok Siew, on April 29 exercise 100,000 options, buying shares at 98 cents apiece. This brought his direct stake in the conglomerate to 936,446 shares. SembCorp yesterday closed unchanged at $1.43. Separate filings also118 words
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96 2004-05-01 8 HONG KONG's Heng Fung Holdings has further reduced its stake in China Enersave to 10.7 per cent from 14.1 per cent, after its unit Online Credit on April 26 disposed of 6.4 million shares at 19.2 cents apiece. Last Friday, Heng Fung, which used to96 words
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59 2004-05-01 8 TWO directors of primary healthcare services provider Asiamedic Limited converted options into shares on April 28 at 10 cents apiece. Independent director Tan Boen Eng exercised 400,000 options, while non-executive director Tan Suat Hua exercised 1.5 million options, raising his stake to 1.7 million shares.59 words
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73 2004-05-01 8 SERENA NG - Compiled by SERENA NG ONE of HG Metal Manufacturing's non-executive directors, Sia Ling Sing, yesterday bought 300,000 shares from the open market at 36 cents apiece. The purchase raised her direct stake in the stockist and manufacturer of steel products to73 words
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Article955 2004-05-01 8 for week beginning Apr 26 Subsaatlal In Mo of Mm IHMnHOlDIHG Tr*» Shareholder sJ Sim Per Mm* After Stock Date Director Cony 'BOB ShrS r088) fooo) Challenger 29-Apr-04 Loo Leong Thye Buy 200 0.17 ***** 42.28 ***** 42.41 Asia Er»v 28-Apr-04 Jen Shek Voon Sell 200955 words
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Article, Illustration1001 2004-05-01 8 GENEVIEVE CUA - Systematic philanthropy is a glue that binds families together, GENEVIEVE CUA is told GENEVIEVE CUA IF you are fortunate or astute enough to have amassed wealth, how do you ensure that it stays in the family and is not frittered away in threeARTHUR LEE - 1,001 words
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Article380 2004-05-01 8 Kenneth Lim - Two firms help staff and companies keep track of options By Kenneth Lim oriAKfcj options may De intended as incentives, but trying to understand them can be more trouble than reward for regular employees. At least two companies in Singapore provide integrated options management systems380 words
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Page 8 Advertisements
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Advertisement29 2004-05-01 8 Recruit the one you want for any position you have Call 1800 289 8822 or email recruit @sph. com.sg for your recruitment solutions M II I I aflflaaaiu I29 words
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Advertisement10 2004-05-01 8 Lianhe Zaobao m ll' "v* pMM? 3 mm I I10 words
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news at home
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487 2004-05-01 9 Kalpana Rashiwala - Govt gets $102 psf ppr offer for site; another in Bt Panjang withdrawn By Kalpana Rashiwala THE government will release soon an executive condominium (EC) site in Woodlands after receiving an application for the 1.8 ha reserve-list site for $55 million. This is487 words
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Article221 2004-05-01 9 It wants pact with Chile, HZ to include science, technology, manpower training AFP SINGAPORE said yesterday that it hopes to expand the scope of a planned free trade agreement (FTA) with Chile and New Zealand to include cooperation in science, technology and human resources training.AFP - 221 words
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Article1492 2004-05-01 9 Districts NON-LANDED Blue Horizon Apt 20/03/04 99 1141 588 515 Blue Horizon Apt 17/03/04 99 1216 773 636 Dover Parkview Apt 07/04/04 99 1249 540 432 Gloria Mans Apt 2S/03/04 FH 1227 470 383 Hong Leong1,492 words
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628 2004-05-01 9 Vince Chong - Deal must be sealed within a yean buyer found within a year after that By Vince Chong THE Ministry ot Law yesterday tweaked en bloc legislation in a second amendment to the Land Titles (Strata) Act (LTSA) in five years, but market players628 words
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Article109 2004-05-01 9 BUYING tickets online for things like shows and concerts is set to become much easier with ticketing agency Sistic.com Pte Ltd (Sistic) yesterday unveiling a new, integrated ticketing infrastructure with expanded capabilities and features called Sistic Ticketing System (STiX). The new online system, which will replace Sistic's109 words
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Article265 2004-05-01 9 Uma Shankari - loans By Uma Shankari STRONG growth in housing loans led to a 7.6 per cent year-on-year increase in bank lending to a record $173 billion in March, according to figures from the Monetary Authority of Singapore. The increase in total loans and advances to265 words
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inbrief
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60 2004-05-01 9 LIM Hng Kiang will serve as deputy chairman of the Monetary Authority of Singapore for a further two years starting today. He has served on the MAS board since May, 1998 and was appointed deputy chairman in January, 2001. Mr Lim is concurrently Minister60 words
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106 2004-05-01 9 THE government will continue to extend third-party war risk liability insurance cover to the Civil Aviation Authority of Singapore (CAAS) and four aviation service providers SATS Services,,SATS Catering, SAfS Security and SIA Engineering Company. The provision of cover will be from May 1106 words
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news region
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956 2004-05-01 10 newsanalysis But early braking that Beijing is doing now will ensure that current upturn will last longer, they say Reuters [SINGAPORE] China's growth momentum is so great that even determined tightening steps are unlikely to induce much of a slowdown in anReuters - 956 words
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321 2004-05-01 10 Bloomberg [BEIJING] China Shipping Container Lines Co, the nation's second-biggest carrier by capacity, will proceed with a plan to raise US$2 billion in what would be China's biggest initial public offer this year, bankers involved said. The Shanghai-based shipping company will startBloomberg - 321 words
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inbrief
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Article127 2004-05-01 10 AFP [TAIPEI] Acer Inc, Taiwan's top personal computer maker, yesterday said its net profit in the first quarter to March more than doubled on the back of higher shipments. The company's group net profit rose 110.3 per cent year-on-year to NT$l.39 billion (5570.9 million), representing earningsAFP - 127 words
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Article123 2004-05-01 10 Bloomberg [BEIJING] Industrial Commercial Bank of China, the nation's biggest lender, said operating profit rose 42 per cent in 2003 from a year earlier, as consumer lending surged. Industrial Bank's operating profit rose to 63.5 billion yuan (Ssl3 billion) last year, 18.7 billion yuan higherBloomberg - 123 words
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Article100 2004-05-01 10 AP [MUMBAI] India's biggest private sector company Reliance Industries on Thursday became the country's first private company to cross the US$l billion mark in annual net profit. Reliance Industries, which has interests in petrochemicals, energy, power, telecommunications and textiles, reported a 26 per cent rise inAP - 100 words
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Article89 2004-05-01 10 AFP [JAKARTA] Indonesian Muslim cleric Abu Bakar Bashir, who won a long court battle against terrorism charges, tasted freedom for just seconds yesterday after completing a prison term for lesser offences. As soon as he emerged from Jakarta's Salemba jail, police rearrested him under a toughAFP - 89 words
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Article83 2004-05-01 10 Bloomberg [JAKARTA] PT Indofood Sukses Makmur, the world's biggest maker of instant noodles, said profit in the first quarter fell 44 per cent because of a decline in sales and a foreign exchange loss. Net income in the three months ended March 31 fell toBloomberg - 83 words
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Article99 2004-05-01 10 Reuters [JAKARTA] Indonesia's largest telephone firm, PT Telekomunikasi Indonesia, yesterday reported its first quarter net profit rose 6.65 per cent, at the low end of market expectations. Analysts had expected January-March net profits of between 1.8 trillion and 2.1 trillion rupiah as the business wasReuters - 99 words
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Article152 2004-05-01 10 Reuters [KUALA LUMPUR] The New Straits Times Press (NST), Malaysia's secondbiggest publishing group by market value, may turn its flagship daily into a tabloid edition, company sources said yesterday. There is intense competition where rivals like Star Publications and NexNews Bhd, which publish the tabloid-sized StarReuters - 152 words
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Article767 2004-05-01 10 r Yansaction date: Apr 30 MM> SOQ TOTAL U» B« M*» l» ftl IX Op 0* Undt Mummd 045 000 I 4 s Manufactirtig 74 11 J? T9 It 13 93 42 50 Conwnore* it 1$ it 6(5 34 21 21 TpWar/Conm* 19 100 20 WW 948 001 949767 words
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Article653 2004-05-01 10 BONDS WARRANTS I* Ust Vol Com Exor < Mk Gmt-MI T«l lost Vol Com Exor 'SE Gov E »Stfi[ C 4 Mo *f- Cmm «Ho Pita If loft Coda CowpMiy Solo ♦or- f000> totl« Price log loft Si z s s! i ""zxsixx?™ js *sj jt 2 s i S653 words
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Article1984 2004-05-01 10 Last Vol Day Last Quote GrOiv Oiv GrYld Nat MCjp Hufc low Coda Company Sato COOP) High Low taw sa«ar Cw S P/t SwS 26 8 5 5000 ABR Hldgs 5c 13 n .cc 251 a£{ .as ac *5cd +0.5 64 30 5 30 30 30 5 51,984 words
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Article197 2004-05-01 10 S2-W T«l l*t Vo» Day Last Quot« GrOrv Otv OrVW N* MCjo Htgfc Low Cod* Coiwpwy Salt W- rOCO) HWi Law tuy, SalUr Cw WE to* 228 116 6000 AV>enn.ngsA25t A209 +1 19 209 209 208 210 40 8.8 4.8 7.9 449.8 6001 CathayPac20c HK720 265 2 1197 words
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Article223 2004-05-01 10 S2-M Tel Ust Vol Day Last Quote GrDiv Div GfYJd Net MCap Hiflh Low Cod« Company Sate C000) Woh low Buyer Safcf S Cvr W W 2060 2000 6065 Diamonds US206C 2120 ***** 6095 IS DJ US Tech US3740 6097 IS MSCI Spore US555 6101 ISS&PSOO US8270 *****223 words
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news region/world
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602 2004-05-01 11 Without new rules to make the bloc work, there will be fierce competition for jobs and chaos, he says Reuters, Bloomberg [BRUSSELS] European Commission president Romano Prodi cut through the triumphant rhetoric over EU enlargement yesterday, warning members of fierce competition for jobs andReuters,; Bloomberg - 602 words
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Article350 2004-05-01 11 Reuters, AFP [KUALA LUMPUR] Former Malaysian premier Mahathir Mohamad said national car-maker Proton was considering partnership offers from big foreign firms, but should not be rushed into a deal, a local newspaper reported yesterday. "It is an important step, but you must studyReuters,; AFP - 350 words
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Article, Illustration218 2004-05-01 11 President and COO Bill Watkins to take over job from July 3 Reuters [NEW YORK] Seagate Technology chairman Steve Luczo will relinquish his title of chief executive, making it the latest in a stream of companies to separate the two positions. The hard disk driveReuters; FILE PHOTO - 218 words
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399 2004-05-01 11 TSMC the first Taiwanese chipmaker to invest in China AP [TAIPEI] Taiwan yesterday approved a plan by Taiwan Semiconductor Manufacturing Co (TSMC) the world's largest producer of made-to-order chips to move equipment to a factory the company is setting up in China. AllowingAP - 399 words
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Article6685 2004-05-01 11 Transaction date: Apr 30 52-Wk T«l U(t Vol Day Last Quote GlMv Otv GrYtd MM MCaa low Coda Company Sate *1- 000) High Una luyr Salter Cw Ht Sail 57.9 32 9 5834 A-Sonic 39.5cd unch 127 40 38 39 5 40 5 N9.7 0.6 14 133.7 86,685 words
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news world
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475 2004-05-01 12 LATEST US DATA But Americans' income up a strong 0.4% which augurs well for spending AP, Reuters, Bloomberg [WASHINGTON] American consumers spent modestly in March, helping the economy log solid growth in the last quarter. The Commerce Department reported yesterday that consumers boosted theirAP,; Reuters,; Bloomberg - 475 words
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412 2004-05-01 12 But dependence on trading revenues worry some Reuters [LONDON] Strong trading profits helped boost first quarter investment banking results from Credit Suisse First Boston and Deutsche Bank yesterday, but the reliance on volatile trading revenues worried some investors. In particular, DeutscheReuters - 412 words
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Article, Illustration342 2004-05-01 12 Bloomberg [TOKYO] Mitsubishi Motors Corp chose Yoichiro Okazaki, a Mitsubishi group executive with no car-making experience, to lead the company after a US$6.4 billion bailout plan was abandoned by DaimlerChrysler AG. Mr Okazaki, 61, was approved as chairman, president and CEOBloomberg - 342 words
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774 2004-05-01 12 GOOGLE IPO Search engine plans auction, will issue two classes of stock NYT [NEW YORK] Wall Street loves Google, but the feeling isn't mutual. That is the message permeating nearly every page of the public offering statement that Google Inc, the Web searchNYT - 774 words
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Article, Illustration358 2004-05-01 12 2 founders have 15% stake each that'll be worth US$3b plus NYT, Bloomberg [NEW YORK] Google Inc's share offering will make billionaires of all three of its top executives. The stock offering documents filed on Thursday show that Google founders SergeyNYT,; Bloomberg; AP - 358 words
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433 2004-05-01 12 Bloomberg [NEW YORK] Google Inc's initial public offering will be a US$2.7 billion experiment, defying Wall Street tradition. Instead of channeling shares to institutional investors through investment bankers, Google hired Morgan Stanley and Credit Suisse First Boston to run an offering thatBloomberg - 433 words
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460 2004-05-01 12 But Buffet faces dilemma of US$31b in idle cash on hand Reuters [OMAHA, Nebraska] At a time when a US$3l billion pile of cash is testing Warren Buffett's investing prowess more than ever, thousands of shareholders head to Omaha this weekend hopingReuters - 460 words
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focus corporate run
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Article, Illustration454 2004-05-01 13 Teh Shi Ning - By Teh Shi Ning THE excitement was palpable in the final moments leading up to the debut of the JPMorgan Chase Corporate Challenge on Wednesday in Singapore. In fact, so eager were the runners to take off that audible groans greeted the lion dance performance which followed thePHOTOS BY ARTHUR LEE, CHRIS LOH - 454 words
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style motoring
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Article, Illustration787 2004-05-01 14 SAMUEL EE - Its cabin is fairly spacious and there's space behind the seats for a full-sized golf bag, SAMUEL EE says SAMUEL EE IT might as well have been a scantily clad woman lying in the middle of the street with an albino python wrapped around her. Almost everyoneSAMUEL EE - 787 words
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Article, Illustration399 2004-05-01 14 Samuel Ee - By Samuel Ee MELVIN Goh must be a very happy man. He may be the distributor of three sporty, highend marques Lamborghini, Lotus and Alfa Romeo but it appears he still manages to satisfy the whole spectrum of drivers. You see, car-share operator NTUC Income Car Co-op399 words
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Article4208 2004-05-01 14 UNIT TRUSTS FUNDS Com S'pore Bond Fuid/ A Credit Agricola Asset Mgt S pore Ltd AM Amro AsMt Mgt (S'pora) Indocam Asia Vision!" 1.111/1.167 Star Europe Eqty!** 0.731/ OK Asset Mgt Star Europe Bond 1.207/ shenton TwinOty 1.285/1.34 Star Europe Bal 1.027/ japan Growth! 7 0.955/0.995 Star Asian Tigs Eqty4,208 words
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Page 14 Advertisements
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Advertisement14 2004-05-01 14 Providing multi-style investment solutions for your lifestyle needs f n,^ nz Dresdner Asset Management14 words
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style health
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Article, Illustration1029 2004-05-01 15 SEAMUS PHAN - Yoga is a lifestyle that teaches not just physical balance but mental health as well, writes SEAMUS PHAN SEAMUS PHAN THERE seems to be a surge in interest in yoga these days, evidenced by mega gyms and smaller outfits teaching yoga in one form orFILE PHOTO - 1,029 words
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Article, Illustration478 2004-05-01 15 Cheah Ui-Hoon - By Cheah Ui-Hoon NECESSITY is the mother of invention, goes the saying, and that's true in the case of the invention of Citrofresh, a 100 per cent organic antiseptic, antiviral liquid. Its inventor Ravi Narain, an Australian, is a seafood producer, who first478 words
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Article4556 2004-05-01 15 Transaction date: Apr 30 HONGKONG v« HK Exchanges A Clearing.. 15.60 -0.05 6716 HKS '000 HKRInfl .2.48 -0.03 1499 Hong Kong Electric 34.30 020 3588 Aeon Credit 5.20 -0.15 0 Hongkong Chinese 1.00 unch 754 Aeon Stores —5.65 -0-20 80 Hongkong Chinese Ltd 1.00 unch 754 Alpha General4,556 words
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style shopping
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Article, Illustration1382 2004-05-01 16 JAIME EE - Danish silversmith Georg Jensen launches its centennial year with an avalanche of fresh collections and a new global direction, writes JAIME EE JAIME EE GEORG Jensen may be one of the wonders of Copenhagen with its dedication to the organic simplicity of Danish design, but1,382 words
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Article, Illustration669 2004-05-01 16 Corinne Kerk - By Corinne Kerk SK-II opening counters at Changi Airport may not seem like a big deal to the man in the street. But not so to the folks at the airport, who have apparently been trying to get the skincare brand into its duty free shopping669 words
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Article, Illustration161 2004-05-01 16 CORINNE KERK - Give him the boot By CORINNE KERK CAN we have too much of David Beckham? Well, apparently not. Nevermind sexy text messages and other sexual exploits not involving the wife the star footballer just launched a new boot this week. The Adidas David Beckham Predator Pulse is his icon161 words
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instore
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Article, Illustration52 2004-05-01 16 WHAT do you expect from Porsche? Stand out with the fashionable shield and perfect finish, in matt-coloured frames. A choice of lens colours include green, grey and silver-mir-rored as well as midnight blue and silver-mirrored. Available from $380 at authorised Porsche dealers including52 words
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Article, Illustration45 2004-05-01 16 A BACKPACK that takes you to the beach and serves as a cooler for your drinks? The idea has become reality via a bag called Kyla. From Ikea, the 37cm (height) by 41cm bag is insulated and has two cooling compartments. Price: $22.90.45 words
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Article, Illustration71 2004-05-01 16 GET a handle on yourself. It's onlv a Taormina. from Furla's SDrine Summer 2004 Collection. It has an arched wooden handle with canvas body and Vernice full-grain leather sides that are water resistant. The circle prints on the body are inspired by Danish designer, Verner Panton. Model71 words
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Article, Illustration62 2004-05-01 16 MIKE CHUA - Compiled by MIKE CHUA PITCHED as the perfect Mother's Day gift by Goldheart Jewelry, the Trilogy ring comes with three emerald-shaped diamonds, each with 77 facets. Retailing from $3,138, the three dia monds represent the multiple roles of the mother: mother, wife and friend. Goldheart Jewelry is also62 words
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style pursuits/wine&dine
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Article, Illustration548 2004-05-01 17 CHEAH UI-HOON - Edric Ong tells CHEAH UI-HOON about the endangered art CHEAH UI-HOON THE first few weaves on the loom of preserving Iban textile art have been made, but creating a consumer demand for it, and raising the status of its makers is another tapestry of work548 words
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Article, Illustration800 2004-05-01 17 Going out or staying in this weekend? We round up reviews and recommendations art Pushing the limits with clay SINGAPORE'S most exciting ceramicist Jason Lim has recently returned, fresh from completing an inspiring studio and teaching residency at the University of Southern Queensland in Australia. The fruits of this800 words
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Page 17 Advertisements
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Advertisement792 2004-05-01 17 IAPANESE CONTEWPORARY ART Exclusive Opening 4th May 2004 Tuesday, 7pm Singapore Tyler Print Institute 1/ H.J 41 Robertson Quay S*****6 «ZE1 Jy By Invitation Only MM ri Dress Code: Lounge Suit W -r- > < v 1 bt tP JkRSVP/Enquiries. 6226 2605 (Kenneth) or jr If J-H utterlyart@pacific.net sg ,1,792 words
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style food
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Article, Illustration351 2004-05-01 18 GEOFFREY EU - Now that World Gourmet Summit 2004 has ended on a satisfying note, GEOFFREY EU reckons it's time to whet your appetite for the next one GEOFFREY EU TWO weeks, 10 winemakers, 12 masterchefs, dozens of events, thousands of man-hours and yes, millions of calories later, the World Gourmet SummitREUTERS - 351 words
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Article, Illustration547 2004-05-01 18 Geoffrey Eu - By Geoffrey Eu GIVEN his fondness for parlaying seemingly disparate ingredients such as foie gras and liquorice, codfish and cocoa or lamb loin and jasmine tea into dishes that look special and taste better, thus qualifying them as shining exemplars of haute cuisine, Chef547 words
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Article, Illustration799 2004-05-01 18 CHEAH UI-HOON - 24 dishes and 2 weeks later, CHEAH UI-HOON reminisces on her gourmet safari of high culinary standards but not-so-high quality service CHEAH UI-HOON GOING around the gourmet globe in a few nights without stepping out of Singapore that's really the best way to describe the799 words
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Article, Illustration602 2004-05-01 18 Geoffrey Eu - By Geoffrey Eu POLITICAL correctness notwithstanding, the arrival of the multiple-boiled premium shark's fin soup at a fancy Chinese banquet inevitably sparks off requests from those connoisseurs present for a spoonful of X.O. not the sauce, but the cognac (otherwise known as the world'sARTHUR LEE - 602 words
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Page 18 Miscellaneous
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Miscellaneous204 2004-05-01 18 CRYPTIC CROSSWORD 1 ments needs good judgment 14 o rama tjc a id mus t be more YESTERDAY'S SOLUTION punctual (8) Across: 1 Dumb-waiter, 6 Stop, DOWN 16 5 portrayed too punctiliously 9 Plastic bag 10 Free, 12 Sar--1 Dismiss a bank employee (7) (9) tre, 13 Stallion, 15 Intromission,204 words
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