The Business Times, 13 April 2002

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Total Pages: 16
1 16 The Business Times
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  • Title Section
    Lock icon Masthead
    7 1 THE BUSINESS TIMES weekend APRIL 13-14, 2002
    7 words
  • Article
    Lock icon CPF-linked proposals to be out earlier
    610 1  -  This will end uncertainty in property market, says DPM Lee By' Teh Hooi Ling [SINGAPORE] The Economic Review Committee (ERC) will release its recommendations on changes to the Central Provident Fund (CPF) earlier than other items possibly in two months' time so as to
    610 words
  • Article, Illustration
    Lock icon Tax reform: pro-growth or pro-equity?
    861 1  -  SATURDAY SOAPBOX patrick danlel THERE can be no doubt that the proposals unveiled this week by the Remaking Singapore panel will potentially remake a big part of our tax infrastructure. The effects will go far beyond the technicalities of taxation. They will influence corporate and
    861 words
  • Article
    Lock icon Tax proposals draw muted response from brokers
    1052 1  -  Only veiy specific sectors and counters will gain from tax cuts recommended, they say By. Andrea Tan, Serena Ng [SINGAPORE] Brokers are not enjoying an adrenalin rush despite the bold recommendations to slash corporate and income taxes. The ERC subcommittee on Thursday proposed
    1,052 words
  • Article, Illustration
    Lock icon Compaq's Paul Chan to head HP-Compaq Asia-Pac ops
    596 1  -  Regional amis prepare for post-merger future By Kenneth James [SINGAPORE] The Asia-Pa-cific arms of merging computer majors HewlettPackard Co and Compaq Computer Inc have started preparing in earnest for life as one company, with Compaq Asia-Pacific vice-presi-dent and MD Paul Chan slated
    FILE PHOTO  -  596 words
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    • Article, Illustration
      Lock icon Blue chips rise just as dealers fear the worst
      616 2  -  r sivanithy EXPECT the unexpected; this seems to be the lesson that investors can take away from this week's action in the local stock market. It's a lesson that's particularly apt for blue chips the Straits Times Index (STI) struggled during
      616 words
    • Article
      Lock icon MARKETS
      75 2 □sti 1,751.75 (+11.17) BT-SRI 722.42 (+3.75) ST INDEX FUTURES 1,750.00 (+5.00) mm SIMSCI FUTURES U 219.70 (+1.60) Friday Change KLSE COMP 77(121 +145 NIKKEI 225 —10.***** -***** HANG SENG 10.710.48 3443 SET INDEX 379.63 +1.68 JAKARTA COMP -***** +7.76 MANILA COMP .1.405.34 -944 TAIPEI WPI 6,***** +108.83 SEOUL COMP
      75 words
    • Article
      Lock icon FINANCE
      69 2 FOREX RATES US$ S$ US$ (SS per USS) 1.838 £(US$/S$ per 1.436 1639 El-RO(I S$/S$/E) 0.882 1620. DM 2116 1106 YEN 132.0 71.80 RM 3.800 2.068 HK$ 7.800 4.244 BAHT 43.55 23.70 RITIAH 9514 5.176 PRUNE RATES SINGAPORE* 5.25 KUALA LUMPUR 640 HONGKONG 5125 JAKARTA 39.00 TAIPEI (.725 TOKYO
      69 words
    • Article
      Lock icon Tax cuts aside, firms ask: 'Can we make any money?'
      635 2  -  TAX REFORMS Market dynamics may count more than low rates Byi Catherine Ong (SINGAPORE] In the Hollywood movie, Field of Dreams, a farmer played by Kevin Costner heard a voice telling him to build a baseball diamond so that the
      635 words
    • Article
      Lock icon Call for re-look at pension plan framework
      714 2  -  Unwieldy formula, unfavourable tax treatment cited By Genevieve Cua [SINGAPORE] The government should re-examine the framework for pension plans set up by companies for their staff, consultants say. Calling them the "second pillar" for retirement savings, they say it is currently hamstrung by
      714 words
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      Lock icon Page 3 Advertisements Column 1
      307 3 Page 3 TH-37PW4 WT' s m *<■ &3559 *?ra UNPARALLELED TECHNOLOGY Brighter Colours Giqulei Contrast. Plasma T(tau) employs a panel with a unique asymmetrical cell structure that reproduces Sit back and watch the pictures come alive. The original Real Black Drive System purer whites while maintaining a high level of
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  • in the news
    • Article, Illustration
      Lock icon Rosier forecasts with tax moves
      425 4  -  outlook CLSA expects 3.6% growth now, and IDEAglobal sees faster recovery By Anna Teo WEAKER than expected first-quarter GDP figures have not stopped one research house from raising its forecast of Singapore's 2002 economic growth. But the proposed fiscal measures were one big spur. Hong
      Source: CLSA E L  -  425 words
    • Article
      Lock icon Govt ready to cut concessionary tax rates if needed
      366 4  -  Reports by Adeline Chia WITH across-the-board tax cuts in the offing, some existing tax incentives may lose their original attractiveness, said Lee Yi Shyan, chief executive officer of IE Singapore yesterday. IE Singapore is Trade Development Board's new corporate identity which
      366 words
    • Article, Illustration
      Lock icon TDB gets new name, mandate
      378 4 IE S'pore will take local firms to the world THE Trade Development Board is now known as International Enterprise Singapore, or IE Singapore. Minister for Trade and Industry George Yeo unveiled its new corporate identity yesterday. The name change goes beyond just a corporate image
      CHRIS LOH  -  378 words
    • Article
      Lock icon Corporates still top IT spending: IDC
      407 4  -  Consumer spending seen falling to 2.5% off total by 2006 By Chen Huifen CORPORATE IT spending in Singapore will continue to exceed consumers' purchases due to growth in services, according to International Data Corp. This is contrary to a report in the Asian Wall
      407 words
    • Article
      Lock icon IPC launches China property project
      189 4 IPC Corp yesterday said its wholly-owned China unit, Zhuhai IPC Property Development, will officially launch the first phase of a residential and commercial property development project in Zhuhai today. Zhuhai is a major city in the rapidly developing Pearl Delta region of southern China. It
      189 words
    • Article, Illustration
      Lock icon Serviced home firm scores 5-unit deal
      368 4  -  Byi Vince Chong SERVICED home provider Living Ease, which came onto the market last November, has reported its first deal of about five units leased by an unnamed American multinational corporation. Up to 20 units in total are expected to be tied up by
      FILE PHOTO  -  368 words
    • IN BRIEF
      • Article
        Lock icon Dayen IPO 151.9 times subscribed
        61 4 DAYEN Environmental said yesterday that its offer of 1.3 million shares to retail investors in its initial public offering has been 151.9 times subscribed. The total offer of 13.1 million shares comprising placement and retail shares was about 16.1 times subscribed. Dayen had offered the
        61 words
      • Article
        Lock icon Seiko Epson to cut 700 S'pore jobs
        80 4 Bloomberg SEIKO Epson Corp said it will cut 700 jobs in Singapore, or almost half its workforce on the island-state, as it moves production of computer scanners to Batam, Indonesia to lower costs. The Japan-based company has produced scanners in Singapore for more
        Bloomberg  -  80 words
      • Article
        Lock icon NatSteel to buy into unit's rights issue
        57 4 NATSTEEL Ltd has undertaken to take up its entitlement in Southern Steel Bhd's proposed rights issue. The take-up will amount to RM38.2 million (5518.3 million). Southern Steel is proposing a renounceable rights issue of up to RM141.2 million of 5.5 per cent 5-year
        57 words
      • Article
        Lock icon MSCI changes won't affect S'pore
        60 4 Dow Jones Newswires DBS Vickers Research says the Singapore stock market is not impacted by latest MSCI index changes because none of the 18 stocks added to the MSCI Standard Index series and the 16 stocks deleted from it are in the MSCI Singapore Index.
        Dow Jones Newswires  -  60 words
    • Article
      Lock icon Wisma Atria to be securitised for $451m
      349 4 Dow Jones Newswires THE Wisma Atria shopping mall in Singapore will be used to back the issue of $451 million of bonds by special purpose vehicle Upperton Holdings, banking sources said yesterday. However, it is unclear for who Upperton Holdings will raise the
      Dow Jones Newswires  -  349 words
    • Article
      Lock icon Govt would welcome air pact with M'sia
      263 4 Dow Jones Newswires SINGAPORE said yesterday it would welcome the opportunity to sign an open skies agreement with neighbouring Malaysia, as such a pact would boost air traffic between the two countries. An open skies agreement would also lead to "significant increases" in
      Dow Jones Newswires  -  263 words
    • Article, Illustration
      Lock icon Analysts sceptical about Taiwan's tax-holiday move
      614 5  -  Manufacturers seen more eager to set up in China where overhead costs are much "»u>nimr From Macabe Keliher in Taipei TAIWAN'S plans to grant five-year tax-free status to encourage new investments will do little to attract manufacturers and stimulate the economy, say analysts. They
      AFP  -  614 words
    • Article
      Lock icon Hutchison eyes Indian port stakes
      458 5 MD says company is interested in Bombay but says it won't rush into it Bloomberg [HONG KONG] Hutchison Whampoa Ltd, the world's largest port operator, is considering investing in Indian ports, taking advantage of the nation's plan to sell state assets, said managing director Canning
      Bloomberg  -  458 words
    • NOTE Book
      • Article
        Lock icon Naluri denies cutting cash payout
        52 5 Reuters [KUALA LUMPUR] Aviation firm Naluri yesterday denied a report it might scale back plans to return RMB29 million (Ss4ol million) to shareholders. It said there has been no change to its proposed corporate exercise comprising a proposed bonus issue, capital repayment and cancellation of
        Reuters  -  52 words
      • Article
        Lock icon Four Asian additions to MSCI indices
        73 5 Bloomberg Reuters IHONG KONG] Taiwan's AU Optronics and Thailand's Land Houses were among four Asian companies added to MSCI indices. The other two are Bank of the Philippine Islands and Equitable PCI Bank. Meanwhile, India suffered the biggest cut in weighting in the MSCI
        Bloomberg; Reuters  -  73 words
      • Article
        Lock icon Yuan peg to stay for now: Zhu
        38 5 Bloomberg [BOAO, China] Chinese Premier Zhu Rongji told delegates at the Boao Forum for Asia that the country will keep its currency pegged to the US dollar for the time being.—Bloomberg
        Bloomberg  -  38 words
      • Article
        Lock icon Gresik unit seeks loan
        57 5 Bloomberg [JAKARTA] PT Semen Gresik's unit is seeking financial help from its parent to keep paying workers and suppliers, a document shows. Ikhdan Nizar, president of PT Semen Padang, said in a letter to Gresik president Satriyo that he needs a bank loan to plug the
        Bloomberg  -  57 words
      • Article
        Lock icon Marubeni agrees to debt recast plan
        64 5 Bloomberg [JAKARTA] Indonesia and Japan's Marubeni Corp agreed on a plan to reorganise US$l.6 billion of debt at PT Chandra Asri Petrochemical Centre, an Indonesian Bank Restructuring Agency official said. Marubeni, leading a group of Japanese creditors, will write off US$l47 million of the
        Bloomberg  -  64 words
    • Article
      Lock icon M'sia may revise 2002 GDP forecast upwards
      299 5 Minister says better growth expected after govt stimulus Bernama [SHAH ALAM] Malaysia's gross domestic product (GDP) growth forecast of 3.5 per cent this year may be revised upwards in line with the better performance of the domestic economy. Deputy Finance Minister Shafie Mohd
      Bernama  -  299 words
    • Article
      Lock icon Sinar Mas offers to give up BII stake to pare debt
      288 5 Reuters [JAKARTA] Indonesia's troubled Sinar Mas Group said yesterday it will give up its remaining holding in former banking arm Bank Internasional Indonesia (BO) in return for a reduction in the US$l.3 billion it owes to the state. The
      Reuters  -  288 words
    • Article
      Lock icon 1,800 leave TRI in voluntary redundancy scheme
      175 5 Move by debt-ridden cellular group to cut costs Reuters [KUALA LUMPUR] Malaysia's second biggest cellular group Technology Resources Industries yesterday said about 1,800 staff had left after accepting a voluntary redundancy scheme, aimed to make the debt-hit firm more cost efficient. A TRI
      Reuters  -  175 words
    • Article, Illustration
      Lock icon Ernst eyes link with Andersen in Malaysia
      418 5 Reuters [KUALA LUMPUR] The global chief of accountants Ernst Young, on a swing through South-east Asian countries, met Andersen Malaysia officials yesterday for talks on a possible merger, industry sources said. Bill Kimsey, Ernst Young's global chief executive, was in Kuala Lumpur for
      Reuters  -  418 words
    • Article
      Lock icon Hong Kong credit card defaults soar on economic woes
      418 5 Morgan Stanley sees rate hitting 9-10% for Q***** Reuters (HONG KONG] Hong Kong, struggling to emerge from a recession and record high unemployment, has one of the highest rates of credit card defaults in the developed world, according to Morgan Stanley.
      Reuters  -  418 words
    • Article, Illustration
      Lock icon None the wiser about Japan's real bad debt size despite FSA probe
      739 6  -  Findings seem to rule out any immediate crisis, but analysts believe banks' NPL problem is potentially much larger Fromj Anthony Rowley in Tokyo JAPAN'S Financial Services Agency (FSA) yesterday revealed the results of its special inspection of lending
      AFP  -  739 words
    • IN BRIEF
      • Article
        Lock icon IBM firms on closure of SEC probe
        75 6 Bloomberg [ARMONK, New York] International Business Machines Corp shares rose after the Securities and Exchange Commission closed an unspecified investigation into the computer giant IBM rose U552.93 to U5587.12 in early trading. The shares had fallen 30 per cent this year. The stock
        Bloomberg  -  75 words
      • Article
        Lock icon IRS seeks firms' help to unmask evaders
        75 6 Bloomberg [WASHINGTON] The IRS will ask the courts to force US businesses to reveal the identities of suspected tax evaders who made large purchases with MasterCard International Inc debit and credit cards issued by offshore banks. The Internal Revenue Service commissioner, Charles Rossotti,
        Bloomberg  -  75 words
      • Article
        Lock icon Claims against Enron could hit US$100b
        74 6 Bloomberg [HOUSTON] Enron Corp chief executive officer Stephen F Cooper told employees that debt and other claims against the company may climb to as high as US$lOO billion. In his first live address to Enron employees, Mr Cooper said he sees a renamed, smaller
        Bloomberg  -  74 words
      • Article
        Lock icon STM, Motorola, Philips in chip JV
        70 6 Reuters [PARIS] STMicroelectronics, Motorola and Philips will jointly invest US$l.4 billion over four years to enable faster, cheaper production of microchips for tomorrow's feather-light electronic gadgets. Motorola will join an existing venture between STM, Philips Electronics' semiconductor arm, and Taiwan Semiconductor Manufacturing Co, based
        Reuters  -  70 words
      • Article
        Lock icon Loans show irregularities at Kirch
        57 6 Bloomberg [MUNICH] Bank loans to Kirch Holding GmbH that are being probed by German regulator BaKred hint at "considerable irregularities", Ditmar Staffelt, German Deputy Economics Minister, said. The banking watchdog is investigating loans to Kirch by the company's eight largest lenders, Mr Staffelt said in
        Bloomberg  -  57 words
      • Article
        Lock icon Mizuho predicts loss of 1.01t yen
        61 6 Bloomberg [TOKYO] Mizuho Holdings Inc said it probably had a 1.01 trillion yen (Ssl4 billion) loss in the year ended March, 40 per cent higher than its previous estimate, because of mounting bad loans. Mizuho joined its six biggest rivals in raising loan write-offs.
        Bloomberg  -  61 words
      • Article
        Lock icon Accenture Q2 profit dives 87%
        84 6 Bloomberg [NEW YORK] Accenture Ltd said fiscal Q2 profit fell 87 per cent because of costs related to exiting venture-capital investing. Sales rose as the consulting company signed more government contracts. Net income fell to US$lO.6 million, or 2 US cents a share, from US$BO.9
        Bloomberg  -  84 words
      • Article
        Lock icon Flag Telecom flies for protection
        64 6 Bloomberg [HAMILTON, Bermuda] Flag Telecom Holdings Ltd, staggering under US$l.32 billion of debt, filed for Chapter 11 bankruptcy protection, joining fiber-optic network rivals such as Global Crossing Ltd. The company's banks called a US$257 million loan, triggering a clause that would allow investors to demand
        Bloomberg  -  64 words
    • Article
      Lock icon SEC seeks faster disclosure of director transactions
      635 6 Kolso wants shorter filing period for financial reports NYT [NEW YORK] The Securi- ties and Exchange Commission has proposed that corporate officers and directors be forced to disclose almost immediately when they buy or sell company stock or borrow money from their employers.
      NYT  -  635 words
    • Article, Illustration
      Lock icon Opec's clout in doubt with Chavez ouster
      499 6 Bloomberg AP Reuters [NEW YORK] Venezuelan President Hugo Chavez was ousted after a three-year rule yesterday, and this may also spell an end to Opec's ability to keep oil prices high, analysts and industry executives said. The former army paratrooper, who vowed to
      Bloomberg; AP; Reuters  -  499 words
    • Article
      Lock icon US March retail sales rose 0.2%, matching Feb's
      433 6 LATEST US INDICATORS Reuters [WASHINGTON] US consumers kept spending in March but at only a modest rate, the Commerce Department said in a report yesterday that hinted the economy's pace of recovery from recession is likely to be measured one. Together with
      Reuters  -  433 words
    • Article
      Lock icon Intel cuts top execs' bonuses by up to 61%
      414 6 Reuters [SAN FRANCISCO] Intel Corp cut the 2001 bonuses of its top executives by an average of 61 per cent and did not raise their salaries, as the world's largest semiconductor maker's profits plunged 88 per cent last year amid the
      Reuters  -  414 words
    • Article
      Lock icon Record 94 defaulted on bonds in Q1
      127 7 Reuters [NEW YORK] Corporate bond defaults worldwide smashed records in the first quarter and the pace of defaults will likely fall only moderately this year, Standard Poor's said on Thursday. From January to March, 94 companies defaulted on U5533.6 bUlion of rated bonds
      Reuters  -  127 words
    • Article, Illustration
      Lock icon Xerox fined record US$10m for accounting fraud
      455 7 Penalty reflects USs3b deception and failure to cooperate with SEC Bloomberg XEROX Corp's top executives led a four-year scheme to inflate revenue by US$3 billion to meet Wall Street's growth targets, the Securities and Exchange Commission (SEC) said in approving a record US$lO
      Bloomberg; Source: Bloomberg  -  455 words
    • Article
      Lock icon Merrill says court deadline extended
      250 7 H has up to Apr 19 to reveal ties with firms it recommends Bloomberg Reuters [NEW YORK] Merrill Lynch Co won time to work out a settlement with the New York State Attorney General on how much to disclose about current and prospective investment banking
      Bloomberg; Reuters  -  250 words
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  • Article
    Lock icon SGX MAINBOARD
    3100 7 Transaction date: Apr 12 for live prices, log on to wwwjasiaonernarketsjoorn Soft ■ru.a.-s.'"'!; a-a-aa 9 6 ASNAmroNLG 56c 9 0 M 1 2 2 iSJ s 500 3S8 c AP8 Breweries 480 -2 19 482 480 480 482 211 J i I ,n ,,,vj .ii 405 ,7B 355
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    Lock icon SGX XTRANET
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  • Article
    Lock icon SGX SESDAQ
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  • Article
    Lock icon CLOB INTERNATIONAL
    342 7 M*"L. J* P*. 6fYW ft* Mte c, W- M+ lam tmrm Utm Cm HI sJ 60 99 96 100 40 M 101 SJ 2111 Cath*Pac20cHK 720 265 2.1 7.4 6 2**62 ChMtg KongSOc HK 1780 240 6J 6.7 3 *****5 63 45 Cityr SotutionsLt HK SI SI S
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  • what's in style motoring
    • Article, Illustration
      Lock icon High road to Thailand
      916 8 The kingdom, host to top auto makers, has left its regional rivals far behind in the manufacturing game IF torn yam fettucini sounds like good fusion to you, get ready for the Thai-made Alfa Romeo 156 due here midyear. The car joins a growing list of
      AFP FILE PHOTO (main)  -  916 words
    • BRAVE NEW WHIRL
      • Article
        Lock icon Jaguar — pumped with diesel
        86 8 Jaguar pumped with diesel JAGUAR will introduce a diesel model next year. The confirmation comes on the back of news that Brazilian foundry company Tupy has signed an agreement to supply the car maker with cylinder blocks for a new generation of 2.7-litre V 6 diesel engines from 2003. The
        86 words
      • Article, Illustration
        Lock icon Porsche for juniors
        69 8 CALLING all new moms in Districts 9,10 and 11. If you're looking for something special for your baby, how about starting with a Porsche Pushchair, which starts at a reasonable $1,199.23. And while you're at it, how about getting a Junior Porsche Pedal Car ($294.84) or a
        69 words
      • Article
        Lock icon Skoda buyers seek legal action
        102 8  -  Compiled by i Christopher Tan A GROUP of people with bookings pending with troubled JTA Motors has sought legal action to have their Skoda cars delivered or have their deposits refunded. At least one buyer is in danger of losing his trade-in car, which he
        102 words
    • Article, Illustration
      Lock icon New wheels for chasing crooks
      445 8 The police are trying out a few car models to enhance their fleet THE boys (and girls) in blue are getting a new fleet of toys to "play with" soon. In the light of Sept 11 and the increase in illegal activities in Singapore's forested
      ARTHUR LEE  -  445 words
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      Lock icon Page 8 Advertisements Column 1
      905 8 |y2^^^sßB^^^£slS2£i££s££i2!S2iSi^^s£2£222l^& FOOD EMPIRE HOLDINGS LIMITED (Incorporated in Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Second Annual General Meeting of Food Empire Holdings Limited ("the Company") will be hekJ at 101 Geylang Lorong 23, #07-02 Prosper House, Singapore *****9 on Tuesday 30 Apnl 2002 at 10.30
      905 words
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  • in focus
    • Article, Illustration
      Lock icon Regulators under scrutiny
      1186 9  -  The roles of market regulators not just audit firms get re-examined following the shocking collapses of Enron and Global Crossing and the fraud at AlB's US subsidiary. ANGELA TAN reports ANGELA TAN A REGULATOR'S role is to ensure effective frameworks are put in place to inspire corporate
      1,186 words
  • Article
    Lock icon STOCKS ASIA
    4707 9 Transaction date: Apr 12 for more, go to iwiw.asiaorienmarketsjCorn HONG KONG InterthmaHldgs ...0.83 -0.01 3510 *o| Irtterform Ceramics 0.02 unch ***** "P "m Intl Bank of Asia 1.90 unch 1258 o SSSSff==SS J8 *3M S'S £22 J»"gsuExprwsH 2.05 0.06 5807 7.50 unch 2169 jiangsu Nandasoft Co H 0.84
    4,707 words
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  • in the money
    • Article, Illustration
      Lock icon Sleep better with 'safe' stocks
      1076 10  -  SHOW ME THE MONEY Such stocks may be boring but help to lower a portfolio's volatility teh hooi ling ARE we under-valuing "safe" stocks? If not, then we must be over-valuing "exciting" but "risky" stocks. Otherwise, how do we explain the consistent outperformance of companies
      1,076 words
    • Article
      Lock icon Going the ETF way makes investing more convenient
      717 10  -  The STI ETF lets you diversify and reduce your risk By* Timothy Wong The writer is research director at DBS Vickers Securities EXCHANGE Traded Funds or ETFs are exchange-listed securities backed by a basket of stocks from which they derive their underlying
      717 words
    • Article
      Lock icon Crossing the bridge to fund investing
      656 10  -  By Serena Ng THE Straits Times Index exchange-traded fund to be listed next week could be just the product that many retail investors have waited for a long time that will help them cross the bridge to fund investing. The new fund, called streetTRACKS.
      656 words
    • Article, Illustration
      Lock icon Money talk
      903 11 IMBMIMRiany aspects to tweaKhmanagsment, end wsaMh accumulation, through equity Investments, Is one of them. For the paet month or so, we have featured the DBS Vlckors Itoourtllea'iytodalBtockPorllbltotoshowhowllcaiibopwtor j your overoM wealth management strategy. And If you have put your money on It, you'd have been ebout $30,000 richer
      903 words
    • Article, Illustration
      Lock icon When the local stock market confounds
      627 11  -  CAVEAT EMPTOR lust what is fuelling loss-making Leong Hin's rise against all odds r sivanithy IN the stock market, things are rarely as they appear. Also, prices often don't behave as you'd expect. Take a look at the graph accompanying this article. It shows
      Source: Bloomberg  -  627 words
    • Article
      Lock icon Upgrades pip downgrades 30 to 27
      290 11  -  7 downgrades for ST Engg, 3 for Sing Tel; Teckwah, 2 upgrades By Patrick Peck The writer is a vice-president at Paris-based JCF Group THIS week saw 57 recommendation changes 30 upgrades against 27 downgrades. Following SingTel's decision to take a bigger stake in
      290 words
  • Article
    Lock icon UNIT TRUSTS & FUNDS
    2598 10 UNIT TRUSTS FUNDS CrtiBond S'pore A/S tiW GtiBond Spore B/J 1.231/ Citi Money Sing Dollar das I 1 04/ Awr» Asset Mgt (S'pore) Citi Pan-Europe Equity Fund 1 OW Star Europe Eqty!* 0.783/ CittSetert Asia Tilt Balanced l 2* Star Europe Bd 0.966/ OtiSelect Asia Tilt Growth 1JV Star Europe
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  • Article
    Lock icon Change*
    281 11 Addvalue Technologies US 2 50 Asia Pacific Breweries O B 1.90 AmtekEngrg BIS j 1.00 ComloitGioip O i B 1.13 ASTI Holdings B j S j 2.00 Fraser Neave O j B 2.08 Cerebos U f S j 2.43 WomiaScs* O! B I 1.13 Datacraft Asia B S 2.23
    281 words
  • Article
    Lock icon BT SHARE INFO SERVICE
    708 11 for week beginning Apr 8 Caalpaay Hmi Dn TIRO* Inn S Cmutnna Sort* t»-Apr »OOam RafflasHotal I iMChRCMd Madi-Rad A Tha Lactura Thaatra 1»-Apr S 00pm LawaJJ Ghwiglu Mcaprul 6A Kapwr Road Cartway A Tha Lactua Thaatra l»-Apr 1.00pm Lab Ml Gtanaaglai Hotprtal •ANapMrRoad Xjrong TkJi
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    Lock icon DIVIDENDS ANNOUNCED
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  • week in review
    • Article, Illustration
      Lock icon Top stories this week
      1005 12 For the full stories, visit http://business-times.asial.com.sg S'pore to see sweeping tax reforms April 12 THE most sweeping overhaul yet of Singapore's tax system is at hand, with key measures expected to be taken up next month in the government's Budget announcement. 0 Companies are moving, jobs
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    • Article
      Lock icon What we said
      280 12 R Sivanfthy April 8 Time to introduce rules on continued listing Listing rules have been amended, making them as libera] as possible but what about continued listing requirements, which the local market doesn't have? The question arises because of the amount of illiquid stocks listed on the
      280 words
  • Article
    Lock icon KLSE
    2325 12 Transaction date: Apr 12 KUALA LUMPUR Ff««jN«v» 3.54 -002 22 Vol FS8M 2JS unch 6 MM W- {'000! FW Irxfcstries 0-36 0.01 69 Gadang 1.19 -0.02 3 AIM Realty 1.38 0.17 823 Gamucfc .6.60 aiO 3014 Abrit 206 -0.05 382 GanadCorp 1.10 006 20 A CP Industries .4 00
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    Lock icon SGX
    622 12 Transaction date: Apr 12 —m f a—II I g— g—„ y.- »^t»nl» OJO 1.130 4M JfP**". 13* 1JIP -MM OOC 10J5 13 800 44.300 OMRSamtConrt2tc 1.70 43B -0 0*0 CXJf m (.790 4M0 95L£*??iL JJ! J9 **-W 0J1 0JD5 4J0S t*W0 4W 3GX 1« to 1-U0 4*020 J5®P 1W
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  • Article
    Lock icon BONDS & WARRANTS
    617 12 BONDS WARRANTS ValCaw to "oC E Mta Cl, '"< m» *m- rwmmmtt wm Law AST11MM0621 285 unch 150 1 16 2 153 26 Aoma Ltd \MM1116 25 1 50 453 350 11 An*ekW*****0 it 1 500 1 33 4 145 3* Armstrong W*****0 4 1 10 33 263 25 AaaafoodPW*****2
    617 words
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  • what's in style travel/collections
    • Article, Illustration
      Lock icon Hanging out at the Library
      878 13 The decor is Dewey and the accoutrements, literary, at New York's hippest new hotel AP [NEW YORK] The signage is discreet. An elegant gold plaque and a small white slab provide the only indications of what lies within the narrow brownstone presiding over the corner
      AP  -  878 words
    • Article, Illustration
      Lock icon To market, to market
      435 13  -  The Good Living Village Market reappears in Raffles City. JAIME EE reports JAIME EE IT didn't raise any eyebrows (or sales) when the Good Living Village Market tried to do a Sydneystyle Rocks market in a corner of Orchard Road some months ago. Forced to shut
      435 words
  • Page 13 Advertisements
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      834 13 wine&dme withweekendßT Cafo D'Amigo lfliirti Ttofum Komi TM Rastanrant Shopptng Centre 333 Orchard Road. Tel: 6737 4411 7Raffles Boulevard, Marina Square Ngee Ann City #04-23. Tel: 6735 5562 Well known for its value-for-mmw Fmnrh.in«niiwi Dine on the famous Hainanese Chicken Rice at Te1.*****111 For traditional Thai cooking. Until April 15,
      834 words
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  • what's in style collections
    • Article, Illustration
      Lock icon Reinventing Vuitton
      1000 14  -  Marc Jacobs gives classics a cutting edge and they fly off the shelves faster than you can say 'waitlist'. CAT ONG talks to the man who made Louis Vuitton desirable CAT ONG a"W" ITHOUT him. we M M could not have M I done it. There's no doubt."
      1,000 words
    • Article, Illustration
      Lock icon The armchair doctor
      628 14  -  Just sit back, relax, and Osim's intelligent iMedic massage chair will know where and how to treat you, as ADELINE CHIA discovers ADELINE CHIA "RELAXATION is not a luxury; it is a must." So said Ron Sim, chairman and chief executive officer officer of Osim, at the
      628 words
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    Lock icon FINANCE
    1167 14 I Transaction date: Apr 12 IMTBEBA1II CROSS RATES CS C— Hr f M$ WhNW Vta mm M ICSNm Hm SS mat Sfr W7S 8*t Hm4 tfSS *atr«8l 0.849 4.438 0507 3.975 L*5 4171 26.156 ***** 0.706 7.123 2-032 1207 32.*****.283 0.983 (.000 0J89 18.718 ***** 0.372 0535 E*"* Lr71
    1,167 words
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  • what's in style art
    • Article, Illustration
      Lock icon mixed media
      792 15  -  Three projects by the Contemporary Asian Arts Centre throw new light on Singapore's visual arts and music scene via progressive writing. PARVATHINAYAR finds out how the multi-disciplinary centre continues to push the envelope PARVATHI NAYAR THE Contemporary Asian Arts Centre (CAAC) was set up in July last year
      FILE PHOTOS  -  792 words
    • art beat
      • Article
        Lock icon Nwiiter crunching
        125 15 a roundup of events Can mathematics be visual art? The Singapore Art Museum has given children a new learning ground at their hands-on Art Education Gallery launched last week. Art Figures: Mathematics In Art is a pilot exhibition which introduces mathematical concepts in art The $100,000 exhibition showcases
        125 words
      • Article
        Lock icon Untitled
        121 15 Erzan Adam, a young and upcoming Singapore artist, gives his first solo exhibition here, with 20 works. Erzan is the winner of the prestigious UOB Painting of the Year Prize 2001, and he received honourable mention in the Philip Morris Art Award 2002. He earlier represented Singapore in the Nokia
        121 words
      • Article, Illustration
        Lock icon onof^y
        108 15 I Made Djirna is one of Bali's most sought-after contemporary artists. This exhibition is his latest series of works and feature paintings imbued with the vital spirit and "taksu" (energy) of Bali. Painting and drawing by the age of six, Djirna incorporates his spiritual mystical experiences and cultural stock
        108 words
      • Article
        Lock icon Deconstructing drawing
        120 15  -  Compiled by CHEAH UI-HOON If your child ever wondered, profoundly, how art Is made, don't worry about being stumped. In The Story of Painting for Young Readers, Singapore-based author Mala Mahesh deconstructs drawing and painting by writing about how colours, patterns and history play a part in art.
        120 words
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      120 15 FORM 63S THE COMPANIES ACT (CHATTER 50) THE COMPANIES REGULATIONS REGULATION 78 NOTICE TO PROVE DEBT OR CLAIM FOR PUBLICATION Nome of Compony > YfC ENGINEERING (S) PTE LTD (In Judicial Management) Compony No *****3867G Addreu of registered Office 12 Alfunied Rood #0601 *>• obovenomed company SCN Centre Singapore *****1
      120 words
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      212 15 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF RISC INTERNATIONAL ASM PTE LTD <M MEMBERS' VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 306(1) of the Companies Act. Cap 50 that the Final Meeting of Members of the Company
      212 words
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      165 15 LSince 1975 our worldwide staff of P* V* r < °ver 275 multi-disciplined professionals including lawyers chartered accountants J AS chartered secretaries and Cankers have k A I 1 provided confidential and cost effective company formation in all the major low U 4 fl[ tax areas including I a; Hi'
      165 words
  • Page 15 Miscellaneous
    • Miscellaneous
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      319 15 CBTPTIC CROSSWORD 1J D a Ifl B■mftttti nn^ ACROSS top-heavy artefact (7) 1 Broke srfver medallist took a 7 P*** attemath/es9 < 3 2 3 very short time (5, 6) o 10 Archdeacon returning is Being the man on record doBen's successor (5) In 9 without assistance 11 Have great
      319 words
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  • what's in style
    • Article, Illustration
      Lock icon for home and health
      1153 16  -  Junk food with a conscience, efficient cooking systems and design-conscious accessories. GEOFFREY EU found all this and more at Food Hotel Asia GEOFFREY EU SNACK food junkies have never had it so good: traditional snack section munchies like potato crisps, prawn crackers and chocolate chip cookies
      1,153 words
    • Fast to cook, good to eat
      • Article, Illustration
        Lock icon Stock In a bag
        194 16  -  Food and Hotel Asia 2002 showcased a myriad of interesting products. SIMONE ERASMUS picks out a few that are scheduled to hit our stores soon SIMONE ERASMUS DECADES after housewives hailed the powdered stock cube as an end to hours in the kitchen, a new, healthier
        194 words
      • Article, Illustration
        Lock icon Avocado oil
        109 16 OLIVE oil, what many term as the healthiest cooking oil around, may soon meet its match in the avocado. Endorsed by the National Heart Foundation of Australia, the organic avocado oil is said to be very high in mono-unsaturated fats, the "good fiats" that assist in lowering cholesterol.
        109 words
      • Article, Illustration
        Lock icon Dessert to go
        70 16 IF the aesthetics of culinary presentation was never your forte, now you can rely on Azzura for its predecorated ice creams and gelati. With fancy names like Coppa Bianco and Tartufo, and even fancier presentation to boot, the straight-out-of-the-box desserts require minimal assembly, and will have overworked
        70 words
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