The Business Times, 19 November 2005

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Microfilm: NL26527
Total Pages: 20
1 20 The Business Times
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  • Title Section
    Lock icon Masthead
    19 1 THE BUSINESS TIMES weekend SINGAPORE 85 cents MICA (P) 089/03/2005 November 19-20, 2005 online at http:/business-tiroes asial com sg
    19 words
  • Article, Illustration
    Lock icon FINE DINING, KOREAN STYLE
    184 1 [BUSAN] Leaders of the 21 Asia Pacific Economic Cooperation (Apec) economies and other dignitaries had a chance to enjoy unique Korean cuisine and performances of the country's leading artists at an official banquet last night. South Korean President Roh Moohyun hosted the official dinner to conclude
    AFP  -  184 words
  • Article
    Lock icon JTC could sell properties, businesses worth billions
    712 1  -  Property assets may be injected into a Reit; financial adviser believed being selected By LESLIE YEE [SINGAPORE] JTC Corporation could be set for a huge transformation it is looking to sell swathes of properties and businesses worth billions, market sources say. JTC is
    712 words
  • Article
    Lock icon Asia General shareholders poised for a windfall
    499 1  -  Those who bought in last few years could see gains of several folds By LESLIE YEE [SINGAPORE] The proposed $919 million takeover of Singapore's Asia General Holdings (AGH) by Malaysia's Southern Bank Berhad (SBB) may be far from certain but if it does
    499 words
  • Article
    Lock icon MARKETS DIGEST
    136 1 STI 2,293.20 (+31.71) ST INDEX FUTURES 2,295.00 (+32.00) SIMSCI 271.93 (+3.86) SIMSCI FUTURES 271.90 (+4.00) MARKETS Friday Change KLSECOMP 901.72 +7.42 NIKKEI 225 14,623.12 +211.33 HANG SENG 14.883.32 +95.34 SET INDEX 676.41 ->-3.78 JAKARTA COMP 1.054.98 +21.70 MANILA COMP 2,079.98 +23.85 SEOUL COMP 1,272.25 +2.90 SHENZHEN B 200.43
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      45 1 T THE SINGAPORE 85 cents RAFFLES CONVERSATION Taking BP into greener fe pastmes fG h^My^ n BT ONLINE BT print subscribers get free access to the Business Times Online. To activate your account log on to http://business-times.asial.com.sg. For more information, e-mail btocs@sph.com.sg or call 6388-3838.
      45 words
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      15 1 BT ROUNDTABLE S'poreßeits: an assessment is-?:*; J** *il* it' D 7 **********11 8 'sSTISrSOOCHK 11
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      Lock icon Page 1 Advertisements Column 3
      67 1 PG 15 x/ Breguet. La passion lalssa das tracas. W Wristwatch "Grande Complication" in 18-carat yellow gold Self-winding mechanical movement, //lft7/X/ engraved by hand. Off-centred chapter ring. Centre minute hand. Small seconds on the Tourblllon V—' shaft Silvered gold dial, hand-engraved on a rose-engine. Sapphire caseback. Water-resistant. Depuis 1775 Montras
      67 words
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      7 1 FOOD Tales from travelling chefs PC 20
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  • TOP STORIES
    • Article
      Lock icon S'pore could be world's top private banking centre
      505 2  -  Some bankers believe it can outstrip Swiss in under two years By SIOW LI SEN [SINGAPORE] Some private bankers believe that Singapore could outstrip Switzerland as a private banking centre in less than two years, given the exponential growth of private wealth
      505 words
    • Article, Illustration
      Lock icon Theglobalistquiz
      384 2 Source: The Globalist Household water consumption Water is an essential part of our daily lives. Around 450 gallons (1,700 litres) per person of freshwater are withdrawn daily from lakes* rivers and underground aquifers, hi a world where safe water is becoming increasingly scarce* we wonder In industriaKsed countries, what
      Source: The Globalist  -  384 words
    • Article
      Lock icon Temasek wins approval to invest in yuan securities
      321 2 Bloomberg [SHANGHAI] Singapore investment company Temasek Holdings has won approval from regulators in China to invest in local-cur-rency securities as the government widens access to capital markets. The approval was granted by the Administration of Foreign Exchange and the China Securities Regulatory
      Bloomberg  -  321 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      575 2 FRS 39: the importance of fair value ONE big accounting change that hasn't made a splash in the news is Financial Reporting Standard 39. Yet, the new standard on how financial instruments should be recognised in the accounts affects just about all companies. COMPANY NEWS, PG 4 Star
      575 words
    • Article
      Lock icon Correction
      51 2 IN the report "Broadway execs yet to decide on plea" (BT, Nov 18), we said that another pre-trial conference for former MP Lew Syn Pau and Broadway executive chairman Wong Sheung Sze had been set for Dec 14. The correct date is Dec 15. We are sorry for the
      51 words
    • Article, Illustration
      Lock icon Indian wine makers drink to a new market
      1032 2 The mellowing industry looks ready to take on the world market Reuters [MUMBAI] Get ready for Bangalore Nouveau. Best known for its teas and spices, India now aims to place its wines on supermarket shelves in Europe and the US. Rising incomes
      Reuters  -  1,032 words
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  • RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon The green oil man
      2264 3  -  ANGELA TAN meets the chief executive who rebranded BP as 'Beyond Petroleum' ANGELA TAN LITTLE known to many, a small nursery school here and an amah back in the 50s had played a part in shaping the mind and tastebuds of one of the world's most
      YEN MENG JIIN  -  2,264 words
  • Page 3 Advertisements
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      287 3 ;The Raffles Conversation is brought to you through a special arrangement with Raffles I J 1 International Hotels and Resorts. The Traveller's I V| I I Palm in the Raffles International logo is an apt JL. V (11 IVJ symbol. Not only has water stored at the base of t
      287 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon FRS 39: the importance of fair value
      1106 4  -  CORPORATE ANALYSIS New standard stipulates how financial instruments ought to be recognised, reports MICHELLE QUAH MICHELLE QUAH IN a year marked by big accounting changes, with the two most well-known being the need to expense stock options and the end of goodwill amortisation,
      1,106 words
    • GRAPEVINE
      • Article
        Lock icon Chief blunder
        111 4 CIRCUI.ARS can be checked and vetted over and over, but mistakes can still appear in the strangest of places. When the Monetary Authority of Singapore announced new corporate governance regulations for banks and life insurers in September, United Overseas Bank's chairman and chief exocutive officer Wee Cho Yaw
        111 words
      • Article
        Lock icon Better early than never
        71 4 A CERTAIN local bank decided to hold its Christmas party for the media last night, emailing temptingly worded invitations. Hints of debauchery were dangled. But given that this was a bank, and still November, one hack thought the email was a virus and deleted it Maybe
        71 words
      • Article
        Lock icon Charging ahead?
        118 4 WHITHER the US stock market next year? At the end of October, a US newspaper asked several prominent fund managers what they thought 2006 might hold. John NefT, formerly of Vanguard, Windsor and Gemini Funds, said: "I'm bullish. I see earnings per share of US$80 for the S&P
        118 words
    • Article
      Lock icon StarHub launches i-mode services
      326 4  -  By ANGELA TAN STARHUB, Singapore's second-biggest phone company, yesterday launched its i-mode service, hoping that the 100 local and foreign content sites, as well as an easy-to-use handset, wpuld entice 50,000 people to sign up over the next 12 months. "We are targeting 50,000 i-mode users
      326 words
    • Article, Illustration
      Lock icon SingPower refutes data allegation
      640 4  -  POWER PLAY Accusation relates to asset sale in Australia By SIOW LI SEN SINGAPORE Power, whose subsidiary SP AusNet is launching its $2 billion initial public offering today, has been accused of providing inaccurate information in an Australian asset sale an allegation that it refuted yesterday.
      640 words
    • Article
      Lock icon SembCorp unit tops bidding for UAE power, water plant
      516 4  -  By RONNIE LIM SEMBCORP Utilities (SCU) looks well placed to clinch its first big Middle Eastern project, emerging as the top bidder for a power and desalination plant at Fujairah in the United Arab Emirates. The plant can now generate 650
      516 words
    • Article
      Lock icon COO Edmund Yong quits troubled ACCS
      210 5  -  Company has not named a replacement By WONG WEI KONG THE chief operating officer of Accord Customer Care Solutions (ACCS), who had earlier returned his bonuses to the company. is quitting the troubled mobile phone after-mar-ket services provider. ACCS yesterday announced the resignation of
      210 words
    • Article, Illustration
      Lock icon AEM-Evertech in for more top-level wrangling?
      597 5  -  Co-founder may fight service termination; service of another could be at stake By WONG WEI KONG THERE could be more toplevel wrangling at AEM-Ev-ertech Holdings, with cofounder Ang Seng Thor threatening to challenge the board's earlier move to terminate his services as executive director
      597 words
    • Article, Illustration
      Lock icon M&C clinches deal to run Shanghai hotel
      144 5 KWEK Leng Beng's Millennium Copthorne Hotels (M&C) yesterday announced its entry into the China market, clinching a management contract for a 350-room hotel in Shanghai's Hongqiao district. M&C will manage the Millennium Hongqiao Shanghai for 10 years, with options for renewal. It is
      144 words
    • Article, Illustration
      Lock icon A final push before the selling sets in?
      528 5  -  STOCKS R SIVANITHY Senior Correspondent UP till the start of this week, the message from most brokers was that although next year is going to be tough for stocks, there could still be a final hurrah to look forward to, a rally
      528 words
    • Article
      Lock icon Star Cruises' Q3 profit falls 29% as fuel and other costs rise
      414 5 45% fuel price hike countered rise in demand for cruises Bloomberg [HONG KONG] Star Cruises Ltd, Asia's largest cruise line operator, said thirdquarter profit fell 29 per cent as fuel and other costs increased evqn as demand rose
      Bloomberg  -  414 words
    • Article, Illustration
      Lock icon UOB preference shares framework gets thumbs-up
      371 5  -  By LESLIE YEE UNITED Overseas Bank (UOB) wants to have in place the framework to issue preference shares so that should expansion opportunities arise, the bank can tap into additional sources of capital where required. "Business never waits for us we have to be
      FILE PHOTO  -  371 words
    • COMPANY BRIEFS
      • Article
        Lock icon L&M considering judicial management
        144 5 L&M Group Investments said yesterday it is considering appointing a judicial manager, as among other things, this would achieve a more advantageous realisation of the company's assets than a winding-up. The company revealed on Nov 10 that it had been served a winding-up petition and asked
        144 words
      • Article
        Lock icon STC appoints Bobby Chin as director
        67 5 STRAITS Trading Company (STC) has appointed former KPMG Singapore managing partner Bobby Chin as an independent non-executive director. Besides serving on the board and council of a number of public institutions and bodies, Mr Chin, 54, also chairs the board of the Urban Redevelopment
        67 words
      • Article
        Lock icon Wearnes' net profit falls 32%
        77 5 WEARNES Internationa] yesterday posted a 32 per cent drop in full-year group net profit to $12.7 million on the back of a 3.5 per cent increase in turnover to $591 million. The FY2005 results carried an exceptional charge of $9.8 million, which included the provision
        77 words
      • Article
        Lock icon Chartered in deal with Infineon
        72 5 Bloomberg CHARTERED Semiconductor Manufacturing Ltd. the world's third-biggest maker of made-to-order chips, said it will make semiconductors for mobile phones for Infineon Technologies AG. Singapore-based Chartered will begin making prototypes of 65nanometer chips, the company's most advanced technology, in the first quarter, the two companios
        Bloomberg  -  72 words
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  • PERSONAL INVESTMENT
    • Article, Illustration
      Lock icon BROKERS'TAKE
      913 6  -  Compiled by PEK TIONG GEE Ho Bm Investment Nov IS dose: 63 cents CIMB-GK RESEARCH, Nov 14 HO Bee's 3Q05 net profit quadrupled tc $8 million, on a six-fold jump in revenue to $27 million. Its two Sentosa Cove projects made up about $19 million oi 70 per cent
      Source: Bloomberg  -  913 words
    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      980 6 For week beginning Nov 14 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS Subsantial luy No of Prko SHAREHOLDING L Trans Shareholder/ Soil Shares Par Mora Aftar Stodi Data Director Con* 'BBC Shr ('000) COOP) OSIMIntl 17-Nov-05 Ron Sim Chye Sell ***** 1.56 *****7 57.27 *****7 51.69 YHI Intl 17-Nov-05 Tay
      980 words
    • Article, Illustration
      Lock icon Property looks more appealing now
      791 6  -  SHOW ME THE MONEY TEH HOOI LING Senior Correspondent STOCK prices are now almost double what they'wete in seconds quarter 2003 but property are up a mere 2.8 per cent, the Urban Redevelopment Authority's property price index shows. Many pundits are predicting that the property
      Source: URA, Thomson Financial Datastream  -  791 words
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  • BT INVESTMENT ROUNDTABLE
    • Article, Illustration
      Lock icon Sizing up Sreit market
      2688 7 OVERVIEW IT has been.over three years since Singapore's first real estate investment trust (reit), Capita Mall Trust (CMT) was successfully listed on the Singapore Exchange (SGX). Today, there are seven reits in Singapore, with more reit initial public offerings (IPOs) in the pipeline. Reits have attracted
      2,688 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon LNG more competitive fuel than piped gas: study
      660 8  -  It adds there is rationale for S'pore to import LNG in the near future By RONNIE LIM AT OIL prices above US$3O, liquefied natural gas (LNG) is a more competitive fuel than piped natural gas for power stations here. And when oil
      FILE PHOTO  -  660 words
    • Article
      Lock icon Pay2Home wins AustCham award
      272 8  -  By OH BOON PING LOCAL payment services provider Pay2Home won the Entrepreneur Award at the AustCham Business Awards ceremony yesterday. The award is presented each year to recognise outstanding performance that embodies the entrepreneurial spirit of the Austra-lia-Singapore business relationship. "As entrepreneurs, we could not have
      272 words
    • Article
      Lock icon UOB to raise home loan interest rates
      236 8  -  By CONRAD TAN UNITED Overseas Bank customers will soon join the ranks of other homeowners already facing higher mortgage rates in a rising interest rate environment. The bank said last night it will increase the rates on its home loans on Dec 12
      236 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      4509 8 UNIT TRUSTS FUNDS CW Money SingDollai Class B 1.0862/ Citi Pan-Europe Equity Find 1.28/ CitiSelect Asia Tilt Balanced 1.4& n«43, CmSetect Asia rrft Growth 1.43/ s£ ZSfcSd CtSelect Asia T<tt Enh Grti 1.3(/ S&JSKl nil OtiSeiect Global Grow* 1.1# Sw toSTrnr fatv on 6l0ba HeaWK t 0.98/ Citi Gfc Fin
      4,509 words
    • Article, Illustration
      Lock icon Selling SRC stake not a mistake: BP CEO
      560 9  -  We thought money could be better invested elsewhere, says Browne By ANGELA TAN SINCE British Petroleum (BP) sold its one-third stake in Singapore Refining Company (SRC) last year, the refinery has posted its bestever profits and margins. But BP chief executive John
      YEN MENG JIIN  -  560 words
    • Article, Illustration
      Lock icon Bidders meet with STB over RFP requirements
      651 9  -  By ALEXANDRA HO WOULD-be operators of Singapore's integrated resorts (IRs) now have a better idea of what is expected of them. In a two hour closed-door session yesterday with nine of the 11 IR bidders, the Singapore Tourism Board (STB) explained the implications
      651 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon MTI revamps website, adds new sections
        65 9 The Ministry of Trade and Industry (MTI) has revamped its website to better serve visitors and reflect MTl's role in creating an entrepreneurial environment. New sections, such as Economy at a Glance, Spotlight and What's New, have been added to provide updated and easily
        65 words
      • Article
        Lock icon CPF announces Q1 2006 interest rates
        98 9 The CPF Board will pay members an interest rate of 2.5 per cent per annum for CPF savings in their Ordinary Account from Jan 1 to March 31, 2006. Savings in the Medisave Account, Special Account and Retirement Account will earn interest at 4
        98 words
    • Article
      Lock icon MFA takes UN special rapporteur to task
      350 9 SINGAPORE'S Ministry of Foreign Affairs (MFA) has taken the UN Special Rapporteur on extrajudicial, summary or arbitrary executions to task for misleading comments he made on the death sentence on Nguyen Tuong Van, an Australian who was convicted of drug trafficking. "This is
      350 words
    • Article
      Lock icon S'pore officials visit India's Matrix Labs
      319 9  -  Potential tie-up with S'pore's biomedical sector By CHEN HUIFEN in Hyderabad INDIAN pharmaceutical firm Matrix Laboratories which has Singapore investment company Temasek Holdings as a 13 per cent shareholder yesterday impressed Singapore government officials with the story of its corporate transformation during a visit
      319 words
    • Article
      Lock icon Reassurance over large retail stores
      320 9  -  By CONRADTAN THE Government has sought to reassure local retailers in Tampines and Pasir Ris that the arrival of three huge retail outlets there will help rather than harm them. Ikea, Courts and Dairy Farm which owns the Giant Hypermarket chain are to open new
      320 words
    • Article
      Lock icon BURSA MALAYSIA
      2278 9 *01 General dap .0.40 0.01 91 *h rm» Gentmg 2030 0.60 1209 George Kent 331 003 396 ASM Realty 130 -031 7 GHL Systems Xl.11 0.01 1275 Abric -0 31 002 97 GiobetronksTeih .028 0.01 1830 AO> Industries 333 unth 18 GiomacBhd 1.22 0 02 211 Atfcance Synergy
      2,278 words
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  • MALAYSIA
    • Article
      Lock icon Courts M'sia posts RM6.7m Q2 loss
      582 10  -  Tougher retail conditions, rising bad debts push 1H loss to RM10m By PAULINE NG in Kuala Lumpur TOUGHER retail conditions and rising bad debts have pushed furniture and electrical products retailer Courts Mammoth Malaysia into the red for a second consecutive quarter. Courts posted
      582 words
    • Article, Illustration
      Lock icon We must stop protecting car industry: KL minister
      267 10 AP [KUALA LUMPUR] Malaysia must abandon its nationalistic pride and drop protection for national carmaker Proton if it wants to build a successful auto industry, a senior official said in remarks published yesterday. Deputy Trade Minister Husni Hanadzlah was quoted by the
      AP; AFP  -  267 words
    • Article
      Lock icon Islamic Reits guidelines to be released on Monday
      191 10 Reuters [KUALA LUMPUR] Malaysia will issue guidelines on Islamic real estate investment trusts (Reits) next week, aiming to attract investors from the Middle East, Second Finance Minister Nor Mohamed Yakcop said on Thursday. "I believe this will be the first guidelines on
      Reuters  -  191 words
    • Article
      Lock icon SGX MAINBOARD
      7828 10 Transaction date: Nov 18 S2-Wk Td Last Vol Doy LatQuote GrOv Wv GrVM Net MCan Hlih low Codo Comp—y Solo W- (HOP) HM» Low fciyr Sdkr Cw Pit >3 7.5 2 5716 1st Software 5c 2.5 unch 270 2.5 2.5 2.5 3 10.1 23.5 6 3148 8TetecomUS2c 7
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  • INDONESIA
    • Article
      Lock icon Indon group calls for more tax breaks for listed firms
      334 11 Move will attract more investment through the stock market, it says [JAKARTA] The Indonesian government should consider giving more tax incentives to publicly listed companies as part of its efforts to develop the country's stock markets and attract more investment
      334 words
    • Article, Illustration
      Lock icon Indon economic growth slows in Q3
      279 11 Bloomberg [JAKARTA] Indonesia's economy probably expanded in the third quarter at the slowest pace in a year as higher inflation and interest rates curbed consumer spending. South-east Asia's largest economy grew 5.1 per cent in the three months ended September from a year earlier
      Bloomberg  -  279 words
    • Article
      Lock icon SGX
      6553 11 Transaction Date: Nov 18 MOST ACTIVE STOCKS VOLUME VALUE Chart SemiCond 26c 30.184.000 UOB 71.658.600 OSIM 5c 26.341.000 OCBC Bk 50c 68.532.150 SingTel 15c 25.597.000 DBS Grp 65.360.174 GlobalVoice 5c 20.031.000 SingTel 15c 61.716.810 UniFiber 10c 15.407.000 CitvDev 50c 42.078.850 WahShino HK20c 14.582.000 OSIM 5c 41.160.540 Datacraft 5c 14.515.000
      6,553 words
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  • GREATER CHINA
    • Article
      Lock icon China to reform exchange rate system further: central bank
      570 12 Phased approach towards capital convertibility in five years Bloomberg. Reuters [BEIJING] China will further reform its exchange rate system and ease rules on capital flows to gradually achieve capital convertibility over the next five years, its central bank's governor said. Chinese
      Bloomberg.; Reuters  -  570 words
    • Article
      Lock icon National welfare fund eyes ICBC stake: report
      263 12 Reuters [BEIJING] China's national welfare fund is in talks to invest between US$7OO million and US$BOO million in the country's largest bank, Industrial and Commercial Bank of China (ICBC), the official China Securities Journal said yesterday. The paper also said the fund was
      Reuters  -  263 words
    • Article
      Lock icon HK bourse chief slams regulatory environment
      514 12 [HONG KONG] The head of the Hong Kong stock exchange has attacked the regulatory environment in the territory for being weak and lenient, criticising investment banks and brokers for resisting stricter controls, according to a report in the Financial Times. The outspoken comments by
      514 words
    • Article
      Lock icon China may not recognise copper trades
      429 12 Trader acted in a personal capacity and was no longer a govt employee: official [SHANGHAI] China raised the possibility on Thursday that it might not recognise a series of controversial copper trades on the London market when a Beijing official said the Chinese trader
      429 words
    • Article, Illustration
      Lock icon Arnie and Jackie Chan team up to combat piracy
      372 12 AFP [HONGKONG] It's no Terminator 4 but California governor Arnold Schwarzenegger has returned to the screen teaming up with action hero Jackie Chan yesterday to launch a TV ad in Hong Kong against copyright piracy. The Hollywood star-turned politician was promoting
      AFP; REUTERS  -  372 words
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  • INDIA
    • Article
      Lock icon Indian firms turn away private equity investors
      524 13 Companies focus on foreign issues as private deals are too demanding Reuters [MUMBAI] Encouraged by easier access to foreign convertible bond markets, Indian companies are turning away more demanding private equity investors as they look to fund their expansion projects. A booming Indian
      Reuters  -  524 words
    • Article
      Lock icon ONGC bidding for US$1b Nigerian oil and gas field
      464 13 Reuters [SINGAPORE! India's Oil and Natural Gas Corp (ONGC) is bidding for a stake in a Nigerian offshore field with an estimated value of US$l billion as it aims to boost its overseas energy reserves, a person familiar with the situation
      Reuters  -  464 words
    • Article
      Lock icon Glaxo eyes India as cancer drug test-bed
      441 13 It ties up with Oxford U to set up the country's first cancer-trials network Reuters [LONDON] GlaxoSmithKline Pic plans to make India a major centre for testing experimental cancer drugs, in a move highlighting the appeal of the country as a low-cost base
      Reuters  -  441 words
    • Article, Illustration
      Lock icon Rajapakse wins Sri Lanka presidential race
      465 13 Rising stock market falls some 7% on the news Reuters [COLOMBO] Sri Lanka's hawkish prime minister, Mahinda Rajapakse, was proclaimed winner of the presidential election yesterday and vowed to forge an "honourable peace" with Tamil Tiger rebels. Thursday's poll was seen as a referendum
      Reuters; AFP  -  465 words
    • Article
      Lock icon India to cap stake sales in state-run airlines to 20%
      231 13 Reuters AP [NEW DELHI] India will not sell more than 20 per cent of state-run Indian Airlines and Air-India in their planned initial public offerings next year, Civil Aviation Minister Praful Patel said yesterday. Mr Patel said that the extent
      Reuters; AP  -  231 words
  • Page 13 Advertisements
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      Lock icon Page 13 Advertisements Column 1
      33 13 rmi* I I I i Get a Leading Edge Your sailing schedules get wider attention in The Business Times shipping pages Call Bernard Ong at 6319-1645 or Michael Chng at 6319-2062 SHIPPING TIMES
      33 words
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  • ASIA-PACIFIC/WORLD
    • Article
      Lock icon Apec puts pressure on EU over impasse
      590 14 Leaders also forged one-on-one FTAs on sidelines of free trade talks Reuters. AP [BUSAN] Pacific Rim leaders yesterday stepped up pressure on the European Union (EU) to offer greater access to its agricultural markets to break a deadlock in global free trade talks.
      Reuters.; AP  -  590 words
    • Article, Illustration
      Lock icon DIAMOND DIVA
      58 14 AFP [GENEVA] A diamond necklace that once belonged to Empress Catherine the Great of Russia was sold for 2.03 million Swiss francs (552.6 million) to an anonymous buyer. Sotheby's auction house announced yesterday. The dog collar necklace 0f27 diamonds mounted on silver had been expected to fetch between
      AFP; REUTERS  -  58 words
    • Article
      Lock icon Strong Asia Pacific showing boosts HP's Q4 sales
      514 14  -  By ROLAND LIM TECHNOLOGY giant Hew-lett-Packard (HP) has reported its strongest-ever performance from the Asia Pacific region, which has helped it turn in a fourth quarter sales performance better than its own forecast. However, despite worldwide sales rising 7 per cent to
      514 words
    • WORLD WATCH
      • Article
        Lock icon Swiss Re to buy GE insurance business
        81 14 Reuters [ZURICH] Swiss Re will buy GE's Insurance Solutions business for US$6.B billion and planned to fund the deal by raising US$7.5 billion in new capital, to grow and diversify its business. The world's second-largest reinsurer said the capital hike would include up
        Reuters  -  81 words
      • Article
        Lock icon Bonanza for Goldman from Chrysler deal
        91 14 [TOKYO] Goldman made about US$BO million in less than a day after buying and then immediately selling DaimlerChrysler's 12.4 per cent stake in Mitsubishi Motors, a deal insiders said left its bankers "thumping their chests", according to the Financial Times. The US investment bank
        91 words
      • Article
        Lock icon Cisco to buy Scientific-Atlanta
        88 14 Reuters [NEW YORK] Cisco Systems Inc yesterday said it would buy Scientific-Atlanta Inc, a leading US maker of cable television set-top boxes, for US$6.9 billion in a deal that would move the networking equipment giant more deeply into the consumer market. The deal is part of
        Reuters  -  88 words
      • Article
        Lock icon NYSE names Citigroup to revalue deal
        74 14 Reuters [NEW YORK] The New York Stock Exchange on Thursday appointed Citigroup Inc's investment banking division to undertake a fresh valuation of its deal to buy electronic trading company Archipelago Holdings Inc. The NYSE was pushed into doing a new valuation by a group
        Reuters  -  74 words
    • Article, Illustration
      Lock icon Conrad Black faces his own Waterloo
      613 14 AFP. AP [TORONTO] Conrad Black, a ruthless businessman, turned his back on his native Canada to become a British lord and make London the home for what was once the world's third largest newspaper empire. Renowned for his fanatical knowledge of Napoleon Bonaparte and
      AFP.; AP; REUTERS  -  613 words
    • Article
      Lock icon BOJ-Tokyo tension mounts over monetary policy differences
      494 14  -  By ANTHONY ROWLEY in Tokyo TENSION between the Japanese government and the Bank of Japan (BOJ) over monetary policy continued to mount yesterday, even though the bank's Policy Board voted to leave an easing policy in place for the time being. Meanwhile, BoJ's
      494 words
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  • MOTORING
    • Article, Illustration
      Lock icon A passion for rims
      858 15  -  DRIVING STYLE YHI boss Richard Tay talks to SAMUEL EE about his days as a speed demon and why he gave that up SAMUEL EE LOOKING at Richard Tay today, one can scarcely imagine the dapper boss of YHI International tearing around a circuit in a
      ARTHUR LEE  -  858 words
    • Article, Illustration
      Lock icon Opel's new Astra offers more – for less
      437 15 Opel's new Astra offers more for less GONE are the days when the estate or station wagon was considered nothing more than a utilitarian workhorse. Estates are now mostly chosen for the lifestyle-conscious, and are often bought by those who prefer something more stylish than a regular three-box saloon. The
      437 words
    • Article, Illustration
      Lock icon Two European estates that score on looks
      808 15  -  RAYMOND LAI checks out three station wagons, or estates, for those who prefer something more stylish than a regular three-box saloon RAYMOND LAI AVANTS are what Audi calls its estate models, and the A 6 Avant is the latest addition to Audi's estate
      808 words
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  • GOLF
    • Article, Illustration
      Lock icon Performance comes first
      1063 16  -  Golf equipment maker Acushnet is more interested in growing the game, says GEOFFREY EU GEOFFREY EU IT WAS a Sunday afternoon in 1930 and Philip E Young, an avid golfer and owner of a rubber processing business, was playing in a foursome at the New Bedford Country
      YEN MENG JIIN  -  1,063 words
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      13 16 Hi. I'm Saffy...;-) ilk PBHil^P FSHHBBIWIISff'w m £&mMt&B J Bh mm m&MBt I
      13 words
  • Page 16 Miscellaneous
    • Miscellaneous
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      276 16 CRYPTIC CROSSWORD ACROSS Rising of workers (7) -./I 7 To P arrangement had been 1 Past master? (7,7) arranged this early (9) aSmm 99 8 Unif< and w>e who ™9 h < 11 Item found in the nothingness n wearing it? (7,7) (5) 9 Hate from the word go? (7,7)
      276 words
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  • WELLNESS
    • Article, Illustration
      Lock icon Cancer screening: Too old to test?
      1238 17  -  For the elderly, the potential for harm associated with cancer screening could outweigh the benefits, reports JANE E BRODY JANE E BRODY NYT WHEN is a person too old to benefit from cancer screening tests? The answer, experts say, depends less on age than
      NYT; FILE PHOTO  -  1,238 words
    • Article, Illustration
      Lock icon Getting a facial at the doctor's clinic
      601 17  -  By CHEAH UI-HOON CELEBRITIES such as Sarah Jessica Parker and Kim Cattrall, of Sex in the City fame, swear by the American skincare range Epicuren. And so do Jennifer Aniston and Jennifer Lopez. So when patients of dermatologist Low Chai Ling asked her
      AFP; AP; FILE PHOTO  -  601 words
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  • SHOPPING
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      Lock icon Season's Sparklers
      691 18  -  Don an outfit that comes with its own sparkling touches and you won't need any other accessories, CHEAH UI-HOON, discovers CHEAH UI-HOON IS the season to wear sparkly clothes, which makes a boutique like Foi's a delightful find if you're hunting for that unique top or dress as
      ARTHUR LEE  -  691 words
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      Lock icon No more sweaty feet
      808 18  -  CHEAH UI-HOON welcomes the arrival of a brand that not only cares for the comfort of your feet, it makes them look great too CHEAH UI-HOON IT took a while, but Geox shoes have finally made tracks into Singapore. The globe-trotting, shoe-loving shopper would have seen
      808 words
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  • TRAVEL
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      Lock icon What's hip got to do with it?
      1306 19 When business travellers check into hotels, what they are more concerned about is the comfort factor rather than the hip factor NYT JB Jf HEN Starwood Hotels b II m and Resorts ani M a m nounced a brand M m m called
      NYT; PHOTOS: STARWOOD  -  1,306 words
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  • THE BUSINESS TIMES weekend
    • Article, Illustration
      Lock icon Travelling chefs' tales
      1150 20  -  Have skillet can travel. This is especially true of Michelin-starred chefs who are often invited to demonstrate their culinary expertise all over the world. GEOFFREY EU meets a few of the masters GEOFFREY EU MOST professional cooks do not get out of the kitchen much; Michel-in-starred chefs,
      1,150 words
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      Lock icon Staking out neighbourly territory
      949 20  -  Established Singapore restaurants are now opening in KL, says CHEAH UI-HOON CHEAH UI-HOON KUALA Lumpur is hot. How do we know? Because top Singapore restaurants are hotfooting it up there. "There's a definite buzz to the KL dining scene now," declares Ivy Woo, the marketing manager
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