The Business Times, 19 February 2005

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Total Pages: 22
1 22 The Business Times
  • 19 1 THE BUSINESS TIMES weekend k SINGAPORE 85 cans MCA(P)Q23XB/2004 February 19-20, 2005 online at http: /business-times asial com.sg j
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  • 796 1  -  Heartlanders, big taxpayers and companies alike all stand to benefit By VIKRAM KHANNA THE multi-pronged Budget presented by Prime Minister and Finance Minister Lee Hsien Loong yesterday is a bonanza for heartlanders, good for big taxpayers, decent for companies especially SMEs and cleverly innovative for players in
    796 words
  • 1310 1  -  Caring Budget for the people also gives boost to business By ANNA TEO [SINGAPORE] The financial, logistics and tourism services specifically Orchard Road emerged winners yesterday in a Budget hailed as pro-busi-ness, compassionate and caring but also noted for what it lacked. With major corporate
    1,310 words
  • Page 1 Advertisements

  • BUDGET 05: FOR ALL SINGAPOREANS
    • 1337 2  -  Reduction of two percentage points to be made in two stages By ANGELA TAN [SINGAPORE] Taxpayers will finally get the cut they've been waiting for. But reactions ranged from gratefulness to disappointment, after the government said yesterday that the top personal income
      1,337 words
    • 667 2  -  By ANGELA TAN [SINGAPORE] Singapore tax payers wishing for a tax holiday will be disappointed. The government has decided not to change its preceding year income tax assessment to current year basis for the time being. Prime Minister Lee Hsien Loong said:
      667 words
    • 472 2  -  By CHEN HUIFEN [SINGAPORE] Observers are lauding the government's efforts to distribute its surplus to the man in the street, calling it a "peoplefriendly" and "generous" plan. Prime Minister Lee Hsien Loong said yesterday in his Budget speech that the government intends to
      ARTHUR LEE  -  472 words
    • 760 3  -  Tax relief will help SMEs cope with cashflow woes in cyclical downturns By CHUANG PECK MING BUSINESSES in the red will be allowed to carry backward losses of up to $100,000 a relief especially helpful to small firms in coping
      760 words
    • 435 3  -  Levy for skilled foreign workers to go up on July 1 By MICHELLE QUAH SINGAPORE is stepping up efforts to boost employment, with plans to spend more on helping workers find jobs. The government is also looking to control the inflow of
      435 words
    • 1092 3  -  By JOYCE KOH THIS year's Budget generated robust debate among BT's roundtable participants as they weighed the impact of policy changes on players in the economy including small and medium enterprises, fund managers and real estate investment trusts. Participants in the roundtable were P K Basu,
      PHOTOS BY CHRIS LOH  -  1,092 words
    • 200 3  -  By R SIVANITHY EVERY year like clockwork, the same thing happens. Stockmarket players wonder about the Budget, and some even buy in anticipation of a Budget rally. But every year, the "rally" turns out to be a non-event. And this year is no
      200 words
    • 532 4  -  FINANCIAL SERVICES They can now also donate more of their funds to Singapore beneficiaries By GENEVIEVE CUA WEALTH management and trust advisory services got a boost yesterday with the announcement of a tax incentive to allow foreign charitable trusts to donate more of their
      532 words
    • 621 4  -  By KALPANA RASHIWALA THE Budget announcements on the Real Estate Investment Trust (Reit) market are set to encourage the setting up of more Reits here, and attract more foreign institutional/corporate investors to the Singapore Reit market. They will also give Reits a competitive
      621 words
    • 395 4  -  LOGISTICS Ship leasing firms are now eligible for the tax exemption By CHEN HUIFEN THE shipping industry was given a boost yesterday with the extension of the Approved International Shipping Enterprise (AIS) scheme to ship leasing companies. Previously meant for ship-owning and ship
      FILE PHOTO  -  395 words
    • 529 4  -  TOURISM By WONG WEI KONG THE government unveiled more initiatives to boost the tourism and retail sectors in yesterday's Budget as Singapore gears up for the rapidly growing Asia-Pacif-ic travel market. "Our continued success in tourism lies in constantly coming up with
      529 words
    • 309 4 THE government will decide whether to go ahead with a casino by mid-April, Prime Minister Lee Hsien Loong said yesterday. "The government will carefully assess the proposals, and weigh the benefits and consequences of having an integrated resort with a casino," he said during his
      309 words



  • BUDGET 05: LEAN GOVT
    • 628 5  -  Affected staff to be redeployed or released on equitable terms By NONG WEI KONG THE government will step up outsourcing to stay lean and efficient a move that would yield savings for the public sector and more jobs Tor the private sector. "Every
      FILE PHOTO  -  628 words
    • 538 5  -  By DANIEL BUENAS THE government's books are expected to return to the black this fiscal year with a modest budget surplus of $210 million, or 0.1 per cent of GDP. This follows a revised deficit of $440 million for the previous fiscal'year, FYO4. Before
      538 words
    • 801 5  -  Ensuring S'poreans cope with progress can build consensus By MICHIELLE QUAN The 2005JMflat JSfcJlpe "with a heaJrt M ,«ty* AWhg Second Minister for Finance Raymond Lim. That's because it's a Budget that both recognises the need for change and comes up with
      801 words

  • RAFFLES CONVERSATION
    • Article, Illustration
      1422 6  -  Empathy, etiquette, and EQ not attributes you would associate with typical lawyers, but all distinguishing characteristics of John Conroy, chairman of Baker McKenzie. ANNA TEO talks to the man who heads the world's largest, and truly global, law firm ANNA TEO SPEND an hour or so with
      CHRIS LOH  -  1,422 words
    • 866 6 AS chairman of the world's largest law firm and a father of seven children ranging from five to 19 years John Conroy has got interesting human perspectives on the issue of balancing family and business travel, his Singapore firm's business development executive enthuses. Why,
      866 words
  • Page 6 Advertisements
    • 72 6 r The Raffles Conversation is brought to you through a I J t s P ecial arrangement with Raffles International Hotels lyji and Resorts. The Traveller's Palm in the Raffles INTERNATIONAL International logo is an apt symbol. Not only has water Hotels Resorts stored at the base of this palm
      72 words

  • COMPANY NEWS
    • 935 7  -  Analysts upbeat on stock's prospects despite yesterday's slide By JOYCE KOH THE shares of ACCS (Accord Customer Care Solutions) went on a heart-stop-ping roller coaster ride yesterday after it announced late on Thursday night that it had lost a contract with major
      Source:; FILE PHOTO  -  935 words
    • GRAPEVINE
      • Article, Illustration
        126 7 PROPERTY magnate Ng Teng Fong (below) of Far East Organization is expected to jump on the casino bandwagon, according to a little bird in the property circle: Unlike most local property developers eyeing the casino project, Mr Ng has some gaming experience. His family's Lucky Stable is an
        126 words
      • 77 7 A BIG developer merely grinned and said: "You know what developers say..." when asked for his outlook on the property market at a gathering of developers earlier this week. But developers can no longer be faulted for always talking up the property market. Private home prices finally edged
        77 words
      • 136 7 STILL on property and market talk, Pontiac Land's Kwee Liong Keng had this advice when he spoke at a Redas function on Thursday. Quoting fengshui expert Master Zee, Mr Kwee, who is also Redas president, said that in this business cycle, the Year of the Rooster will be
        136 words
    • 799 7  -  One-time gains, lower provisionsl q4 disappoints Reports by SIOW LI SEN DBS Group Holdings yesterday said full-year 2004 net profits crossed the $2 billion mark, pushed by one-off gains of $497 million and lower provisions of $47 million, down 91 per cent from
      799 words
    • 456 7 FRANK Wong has been appointed chief operating officer (COO) of DBS *.£ank and DBS Group Holdings, sparking talk that he was being put in place to take over the chief executive job of Jackson Tai, who himself was a COO of DBS before assuming
      456 words
    • 486 7  -  STOCKS R SIVANITHY Senior Correspondent FOR the week, the Straits Times Index (STI) rose 19 points or under one per cent to 2,168.86, a modest if uninspiring performance. Anyone looking at this statistic in isolation might therefore infer that it was a
      486 words
    • 638 8  -  Diversified group has $2b in cash, $5.6b order book; credits late CEO By VEN SREENIVASAN RECORD turnover and profit, strong cash balances, solid order books and generous payouts all these were delivered by SembCorp Industries for its FY2004 financial year
      FILE PHOTO  -  638 words
    • 342 8  -  By SAMUEL EE STRONG growth in Indonesian subsidiary Astra and good performances by other group operations helped propel Jardine Cycle Carriage's FY2004 net profit to US$329 million, 78 per cent up from a restated US$lB5 million in the previous year. The earnings for
      342 words
    • COMPANY BRIEFS
      • 69 8 ASIAPHARM Group, a China-based specialty pharmaceutical group, yesterday said net profit for the year ended Dec 31, 2004, soared 68.7 per cent to 71.8 million yuan (5514.2 million) with revenue rising 32.5 per cent to 315.4 million yuan. AsiaPharm's impressive set of results was
        69 words
      • 98 8 ACTION Asia has reported a 43.4 per cent drop in net profit for the year ended Dec 31,2004, to $6.94 million. The LCD TV maker blamed the poorer performance to pricing pressure and lower orders from its regular customers as a result of slower
        98 words
      • 60 8 ABR Holdings has registered earnings of $3.21 million for 2004, against a loss of $4.15 million in the previous year. The restaurant chain owner attributed the improved performance to its operations in Singapore and the full-year contributions from the subsidiaries acquired in the second half
        60 words
      • 53 8 PHARMESIS International saw its net profit rise to 26.92 million yuan (555.33 million) for 2004 from 24.25 million yuan in the previous year. The company, which makes Western and traditional Chinese medicines, saw improvement in its overall gross margin due to lower prices of
        53 words
      • 72 8 BONVESTS Holdings has doubled its net profit to $21.46 million for its financial year ended Dec 2004 from $10.64 million in the previous year due mainly to the gain on disposal of subsidiary companies. The diversified property company registered a fall in revenue to $221.62
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      • 98 8 ROTARY Engineering recorded a net profit of $5.62 million for its financial year ended December 2004. This was 76 per cent higher than its net profit of $3.2 million in the previous year. The better performance was due to higher turnover from execution of contracts
        98 words
      • 89 8 IN A profit warning last night, Alantac Technology Ltd said as a result of the general decline in the capital equipment market for the semiconductor industry, higher raw material prices and delays in product implementation by customers, the company suffered a loss in the third quarter
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    • 503 8  -  January orderbook the lowest since November 2002 By RAJU CHELLAM THERE are more warning signs of a further contraction in semiconductor sales, with the order book for chip equipment makers having sunk in January to its lowest level since November 2002. If this trend continues,
      503 words
    • 401 8 TROUBLE AT CAO AFP [BEIJING] Senior officials at the parent company of China Aviation Oil (Singapore) Corp missed several chances to reduce a half billion dollar trading loss, former chief executive Chen Jiulin was quoted as saying yesterday. In an interview with
      AFP  -  401 words
    • 317 8 GOLDTRON cut its stake in its main profit generator yesterday, selling 15.25 million shares of listed subsidiary Radiance Electronics in a private placement. Neither Goldtron nor Radiance disclosed pricing details, but Goldtron executive director Chong Ching Lai told BT the shares were
      317 words
    • 318 8 LISTED stockbroker GK Goh Holdings yesterday reported unexciting fourthquarter and full-year results but shareholders should be cheered as the company proposed to return cash to them, thanks to the sale of its stockbroking arm. In an announcement, GK Goh said that
      318 words


  • PERSONAL INVESTMENT
    • Article, Illustration
      967 9  -  Compiled by JOYCE KOH Kim Eng Holdings Feb 18 dose: $1.33 DBS VICKERS SECURITIES, Feb 18 THE group turned in a stronger sequential performance in 4Q04. Operating profit doubled on the back of a 24 per cent increase in commission income. For full year FYO4, the group achieved
      Source: Bloomberg  -  967 words
    • 957 9 For week beginning Feb 14 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS Subsantiai Buy Naaf Prict SHAKEHOCDING Trans Shareholder Sal Shafts Par Mora Aftar Stock Data Dtrattor Com 'BOO ShrS COOP) COW) Parkway Hldgs 17-Feb-05 Ang Guan Seng OE 75 0.84 112 0.02 187 0.03 Parkway Hldgs 17 Feb OS
      957 words
    • 1429 9  -  SHOW ME THE MONEY An investor must know that at some point these stocks will become over-valued TEH HOOI LING Senior Correspondent I'VE always been wary of investing in market darlings. And from the instances in the last few years, perhaps there are good
      1,429 words

  • BT INVESTMENT ROUNDTABLE
    • 2582 10 OVERVIEW MOST people agree that it is "only a matter of time" before China modifies its policy with regard to the exchange rate of the yuan (which has been effectively pegged to the US dollar at a rate of approximately 8.3 since 1994). Time is
      AFP; REUTERS  -  2,582 words

  • SINGAPORE NEWS
    • 466 11  -  YESTERDAY IN PARLIAMENT New measures to stamp out practice also on the way, says Mah Bow Tan Reports By ALEXANDRA HO HDB resale flat owners hoping to make a quick buck from illegal cashback deals had better beware. Not only is the government introducing
      466 words
    • 240 11 WITH Singapore's population set to grow greyer, the Manpower Ministry is forming a tripartite committee next month to study how to improve their employability as well as boost job opportunities for older workers. "This is a long-term problem, we're all growing older as a
      240 words
    • 416 11 PARLIAMENT has passed the Trust Companies Bill 2005 to update and strengthen the regulatory framework for trust companies operating here. This comes after the Trust Companies Act had not seen any major changes for 20 years. "MAS has received feedback from reputable trust companies that a
      416 words
    • 415 11  -  Singaporeans interested most in services sector By LIZA LIN ENTREPRENEURIAL activity here is increasing, with most interest shown in the services sector. These were the results of a global entrepreneurship monitor (GEM), an international comparative research project benchmarking the level of entrepreneurial activities across
      415 words
    • 669 11 A sporting inspirational feature brought to you by the Singapore Sports Council EVER since he joined the Corrupt Practices Investigation Bureau (CPIB) 10 years ago, principal senior investigator Raymond Wee has met his colleagues at least once a week to exercise. Mr Wee, also the
      669 words
    • 438 13  -  The regulator will strengthen its role in segments with limited rivalry By ANGELA TAN THE Infocomm Development Authority (IDA) of Singapore yesterday amended the Telecoms Competition Code to further enhance competition. Singapore first introduced the Telecoms Competition Code in September 2000, setting the boundaries
      438 words
    • 4544 13 Transaction Date: Feb 18 STRAITS TIMES INDEX STOCKS StMfcMMC Wt don Change Stock um Ml Ooc* Change Skdmn Wt One day AllgreenSOc 0.29 1.110 *0.010 HKLandUSIOc 3.12 2.610 +0.010 STEngglOc 1.77 2.470 *0.020 BIL Intl US20c 0.49 1.130 -0.010 Haw Par Corp 0.44 5.050 -0.050 STATSChP2Sc 0.44 1X160 *0.010
      4,544 words
    • 392 13  -  By KAREN HO THE troubled company behind the popular restaurant currency, i-chqs, has been placed under judicial management, following the High Court's granting of its petition yesterday. Justice Tay Yong Kwang also asked for the total amount of debts owed by Indigoz Exchange. The firm's
      392 words
    • 320 13  -  Onn Ping lan is profession's first found guilty of evasion By KAREN HO A FORMER public accountant is the first in his profession to be convicted and sentenced to jail in Singapore for evading taxes. Yesterday, a magistrate's court found Onn Ping Lan, 56,
      320 words
  • Page 11 Advertisements
    • 92 11 Honouring sports volunteers THE Sporting Singapore v Inspiration Awards aims 0 A to give national recogni- J M tion to inspiring sports volunteers or organis- W SHWNI ations that have been ac- mmmvim tively promoting sports Mmm K in the community on a w voluntary basis. Organ- ised by the
      92 words

  • NETWORK SINGAPORE
    • Article, Illustration
      1037 12  -  LETTER FROM LONDON The British capital is a key gateway to Europe and offers a living environment rich in culture and tradition, as CAROLYN NEO discovers CAROLYN NEO IT is no exaggeration to say that London offers more than any other city in Europe. Beyond familiar landmarks such
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    • 4217 12 Transaction date: Feb 18 a. nasi s im ays. 1 a"; srs M5 15.1 3U8 r*STS>~ ti? '?J| 6 S ,J 6 *J 48 315 5834 A-Sonic 5c 40 £s 55 405 40 40 5 5N 97 06 ,2 J ,-1 16 1500 ACE Dynamio20c 20 <0 5
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  • Page 12 Advertisements
    • 99 12 Singapore Carolyn Neo is the centre director of International Enterprise Singapore's Regional European office based in London. She took on her posting in August 2003, and is joined by her husband, John, and four year-old daughter, Vera. IE Singapore's London office provides assistance to Singapore-based companies venturing into UK, France,
      99 words


  • MALAYSIA/INDONESIA
    • NOTE BOOK
      • 77 14 Bloomberg [MUMBAI] Bank of India, the nation's fifth-biggest lender, said it plans to borrow as much as US$l billion in its first sale of bonds globally te fund new branches overseas. The lender may open eight new overseas outlets, including branches in
        Bloomberg  -  77 words
      • 72 14 Reuters [HONG KONG] China's No. 2 fixed line phone carrier China Netcom is seen as the frontrunner to join Hong Kong's blue-chip Hang Seng Index (HSI), given its large market capitalisation and robust turnover. Market watchers, however, said recently-listed Netcom may need to wait
        Reuters  -  72 words
      • 96 14 AP [HONG KONG] Gambling and property mogul Stanley Ho has pledged his support for Hong Kong's No. 2 official, Donald Tsang, to take over as the territory's next leader. Mr Ho's comments came a week after Tsang, chief secretary for administration, said he
        AP  -  96 words
      • 65 14 AP [HONG KONG] Property tycoon Lim Por-yen, founder of Asia Television, the territory's second-largest terrestrial TV network, died yesterday. He was 93. Mr Lim, who was also one of the largest shareholders of Singapore-listed Media Asia Entertainment Group, was the founder of Hong Kong-listed
        AP  -  65 words
      • 91 14 AFP [JAKARTA] The new chiefs of staff for Indonesia's army, navy and air force were sworn in Friday, a day after President Susilo Bambang Yudhoyono unveiled a major overhaul in the powerful military. Lieutenant-General Joko Santoso is now army chief, replacing an outspoken and controversial
        AFP  -  91 words
    • 2243 14 VOl FS8M 1.18 0.05 830 m (HD FTEC Resources 0.38 0.01 393 U Furqan Bus. Org .0.37 0.01 ***** A4M Realty 1.65 un* 0 0.01 540 "3« Advance Synergy 0 38 £00 140 -0.30 2U 07° 25! 4?0 0® ,Z £!S 4 GiobetrooKsTech:::::::::^ AhmadZaki Res 1.50
      2,243 words
    • 609 14 NY firm optimistic on government's success in cutting budget deficit AFP Bloomberg [JAKARTA] Indonesia's debt rating outlook was raised to "positive" from "stable" by Moody's Investors Service, which cited government progress in cutting the budget deficit in South-east Asia's largest economy. But the long-term
      AFP; Bloomberg; REUTERS  -  609 words
    • 181 14 Bloomberg [JAKARTA] PT Bank Internasional Indonesia, a lender partly owned by South Korea's largest bank, said 2004 net income more than doubled as the lowest interest rates in six years spurred borrowing by consumers and companies. Net income rose to 821.6 billion
      Bloomberg  -  181 words
    • 342 14 It declares higher dividend of 42.5 sen for first half million from a year earlier. Bloomberg, Reuters [KUALA LUMPUR] Malayan Banking Bhd (Maybank), Malaysia's biggest lender, said fiscal second-quarter profit rose 17 per cent after it expanded lending and set aside less money
      million from a year earlier. — Bloomberg, Reuters  -  342 words
  • Page 14 Advertisements
    • 210 14 Deloitte. smmmm I>l I ww% OAAC By^^2ggp_ f .f#,_ 3f r *f T r S f g c; -> The 2005 Singapore Budget announced on 18 February 2005 will affect individuals ne and corporations alike. To find out how this year's budget will affect you and your business, come to
      210 words

  • GREATER CHINA/INDIA
    • 650 15 Airline's IPO fully subscribed within 10 minutes at top of price range Reuters Bloomberg [MUMBAI] Naresh Goyal cuts an unlikely figure for the founder of India's most successful privately run airline, Jet Airways. In an industry known for would-be-Richard Bransons, Mr Goyal,
      Reuters; Bloomberg; AP  -  650 words
    • 175 15 Bloomberg [MUMBAI] India's Wadia family, which owns stakes in a textile company and a cookies maker, will start the Go Air discount carrier in September to tap the growing number of Indians wanting to fly in Asia's fourth-biggest economy. Go Air will
      Bloomberg  -  175 words
    • 324 15 Bloomberg [TAIPEI] A planned merger between International Bank of Taipei and SinoPac Financial Holdings Co failed after a rival lender bid for SinoPac, said an executive at International Bank. "We failed to discuss the originally proposed merger with SinoPac yesterday because we had a new
      Bloomberg  -  324 words
    • 296 15 AFP Reuters [HONG KONG] Bank of Communications (BoCom), China's fifth-largest lender, may scrap the mainland portion of a planned US$3 billion initial public offering (IPO) and sell stock only in Hong Kong, a press report said yesterday. Shanghai-based BoCom now plans
      AFP; Reuters  -  296 words
    • 4231 15 UNIT TRUSTS FUNDS UP CM 5.0/2 i *****/ UP G'tecd 7.012 1.***** AMI Mot K'bonI UP G leed Fund 5 "3 1.*****/ toEiowEaT 1 0*11/ G,|Md 7OT »327/ Upswing Fund 5.0/1 0.8661/ •tar Fi,™ RJ Fund 7 0/1 0.*****/ flooj UrSWwG FUND 5.0/2/90% 0.*****/ UPSWWG FUND 5.0/2/100% 0.*****/ SWING 5/1/105%
      4,231 words
  • Page 15 Advertisements

  • ASIA-PACIFIC/WORLD
    • 788 16  -  LIGHT REED The Republican administration can be magnanimous when it suits them and outraged when it doesn't CHRISTOPHER REED Homosexuality seems to catch religious Republican conservatives with their pants down, as it were, more than any other topic. This week, two such episodes were titillating Americans.
      788 words
    • 339 16 Reuters [NEW YORK] More US corporate boards concluded last year that pay for performance is the way to go in the executive suite. And chief executives at many of the biggest US companies got an average 5 per cent raise to
      Reuters  -  339 words
    • 546 16 If successful, merged bank would be world's biggest Reuters [TOKYO] Japan's secondbiggest bank, Mitsubishi Tokyo Financial Group (MTFG) has offered US$29 billion for fourth-ranked lender UFJ Holdings yesterday, ending months of silence over the terms of its bid to create the world's
      Reuters; REUTERS  -  546 words
    • 318 16 Bloomberg [NEW YORK] Time Warner, the world's largest media company, will stop giving stock options to employees because it has become "prohibitively" expensive. The decision by New York-based Time Warner came two months after final approval of an accounting rule that requires companies
      Bloomberg  -  318 words
    • 557 16 Some change jobs, but others stay on when mentors go LATWP [WASHINGTON] Look around corporate America these days or official Washington, for that matter and you see bosses disappearing everywhere. Hewlett-Packard chief executive Carly Fiorina: ousted. McDonald's chief executive James Cantalupo: died.
      LATWP  -  557 words
    • WORLD WATCH
      • 92 16 Reuters [WASHINGTON] Sharp gains in the cost of cigarettes and autos helped push core US producer prices up at their fastest rate in six years in January, while overall prices also edged higher, the Labor Department said yesterday. The producer price index, which measures
        Reuters  -  92 words
      • 87 16 Reuters [NEW YORK] The US Securities and Exchange Commission is asking oil companies to disclose more in their accounting for exploratory drilling and other operations. The Wall Street Journal said the SEC sent a letter to chief financial officers last week asking companies to
        Reuters  -  87 words
      • 86 16 AP [WASHINGTON] President George Bush's choice to serve as the government's first national intelligence director US Ambassador to Iraq John Negroponte is expected to win easy confirmation in the Senate despite a career that includes controversy. The top Republican and Democrat on the Senate Intelligence Committee
        AP  -  86 words
      • 71 16 Reuters [LONDON] The European Commission will call next month for an overhaul of the EU's economic policy-making to promote growth, jobs and competitiveness because a present plan has been discredited, the Financial Times reported. It quoted an internal Commission paper as saying the EU's executive
        Reuters  -  71 words
      • 81 16 Reuters [PHILADELPHIA] The New York Times Co on Thursday said it will buy online information portal About.com for US$4lO million from publisher Primedia Inc as it looks for new ways to build advertising revenue over the Internet. The Times Co said it will expand
        Reuters  -  81 words
      • 75 16 Reuters [SAN FRANCISCO] Hewlett-Packard Co said on Thursday it hired executive search firm Russell Reynolds associates to find a new chief executive following last week's ouster of Carly Fiorina. While Russell Reynolds will manage the search, HP said the full board will be
        Reuters  -  75 words

  • MOTORING
    • 361 17  -  By SAMUEL EE JUST eight months after unveiling a new 911 Coupe, Porsche has removed the wraps on the new 911 Cabriolet at a media launch in Seville, Spain, this week. This means that including the new Boxster and each respective model's higher performance S version,
      361 words
    • 613 17  -  When the world's biggest automaker wants to test its cars, it goes to one of the largest and harshest sites in the US —the General Motors Desert Proving Ground. REN YEONG reports REN YEONG THE state of Arizona is home to a network of US military airports and
      613 words
    • 396 17 ON my left was an American legend, the sixthgeneration Chevrolet Corvette. On my right was the charismatic limited-edition Chevrolet SSR. Somewhere in between was a Chevrolet sportutility vehicle, the Equinox. As 1 left General Motors' Desert Proving Ground in Arizona, it was the seemingly mundane
      396 words

  • GOLF
    • Article, Illustration
      1142 18  -  Sports agent Mark Steinberg makes endorsement giants out of golfing greats, and GEOFFREY EU finds out how he plays the game GEOFFREY EU IN a modern sporting universe flush with multi-mil-lion-dollar endorsement deals, the influential sports agent is king. And in the world of golf, they don't get
      CHRIS LOH  -  1,142 words
    • 3001 18 Transaction date: Feb 18 For a full listing of the closing prices, log on to BT Online at http://business-times.asial.com.sg after 11.30pm every trading day HONG KONG Vo eForce Hldgs .0.07 0.01 660 HKS '000 Egana Jewellery 1.49 -0.04 8080 EgamGoldpfeil 1.69 -0.01 9442 Aeon Credit 5.45 -0.05 52
      3,001 words
    • 298 18 How it all began the IMG story IT started with a simple handshake. In 1960, a Cleve-land-based lawyer named Mark McCormack offered to help a young golfer fhend named Arnold Palmer earn extra income through endorsements and sponsorships. He later signed Gary Player and Jack Nicklaus together with Palmer, they
      298 words

  • WELLNESS
    • Article, Illustration
      1325 19  -  Losing weight and eating well need not be mutually exclusive. PEPPER LEE gets the lowdown on how it works PEPPER LEE SLIMMING teas? Check. Slim wraps? Check. Money down the drain? Also check. If you have yet to see any results from the latest dieting fads, perhaps it
      1,325 words
  • Page 19 Advertisements
    • 834 19 wine&dine withweekendßT mm Ah Hoi's Kitchen Coleman's Cafe Hotel Phoenix PtnrnMnHf.it fnfn L^^^^Tpi b^f^^ MaaX Peninsula. Excelsior Hotel, Level 5. Td: *****132 277 Orchard Road. T* *****129 r Raffles The StHHtl^ T Buffet lunch available on weekends and public holidays. For Usher in the Year erf the Rooster with an
      834 words

  • SHOPPING
    • Article, Illustration
      1612 20  -  Two young men take vastly different routes in retail: one in the cut-throat business of women's shoes, and the other in the rapidly growing niche of men's beauty products. CORINNE KERK reports CORINNE KERK Finding his own feet RAYMOND Phua turns 35 this year. He lives in
      PHOTOS BY CHRIS LOH  -  1,612 words
    • IN STORE at the malls
      • 69 20 Recently launched, the Nivea Visage New Skin is targeted at women aged 30 to 49 years old, with its effectiveness due to the use of 99.9 per cent pure vitamin C as an active anti-oxidant and an activator of collagen synthesis to repair, restructure and rejuvenate the
        69 words
      • 65 20 Here's a relatively inexpensive idea to brighten up the dining room: scented candles that radiate light internally, too! Because of the way they are handcrafted, these colourful candles do not just illuminate the surroundings but also inside the candle trunk. These peach-scented candles come in two
        65 words
      • Article, Illustration
        55 20  -  Compiled by MIKE CHUA Plain walls can be made pretty by a painting or a functional idea like an enchanting key box like this one. Measuring 25cm by 17cm, the polyresin key box is both durable and can hold up to six keys. Price: $24.90. Available at Daily Gifts,
        55 words
  • Page 20 Miscellaneous
    • 190 20 CRYPTIC CROSSWORD DOWN 2 Refusal to start on time? (4) beans (5) Across: 1 Fair-and-square, 7 Ju--3 Serves high-balls (4) 16 Greek Upper Chamber (5) dah, 8 Cock-a-hoop, 9 Bloomer, 10 4 Isle of Wight's sewers (7) 20 In the main, he takes control Ratline, 11 Cut in, 12 Cheerless
      190 words

  • DESIGN
    • 1540 21  -  When Christina Ong wanted someone to outfit her Metropolitan and Uma Paro hotels and Club 21 stores, Kathryn Kng was the one who got the job. CORINNE KERK speaks to the high wattage, low-profile interior designer CORINNE KERK LAST year, her work on fashion entrepreneur and hotelier Christina
      PHOTO OF KATHRYN KNG BY ARTHUR LEE  -  1,540 words

  • FOOD
    • Article, Illustration
      1781 22  -  The essentially Singaporean seafood restaurants once found only in the East Coast and Punggol areas have landed right in town. CHEAH UI HOON pays them a visit CHEAH UI HOON SEAFOOD used to be something you'd drive out of town for remember Punggol and Bedok? Nowadays, if
      ARTHUR LEE  -  1,781 words
    • 719 22  -  GEOFFREY EU Top European chefs show how it's done, in a fine dining experience here, writes GEOFFREY EU CARLO Cracco, the engaging and highly accomplished chef de cuisine at Milan's elegant two-Michelin-star restaurant Cracco-Peck, enjoys the unique benefit of working in partnership with one of
      719 words