The Business Times, 27 July 2002
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2002-07-27
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The Business Times
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Title Section13 2002-07-27 1 THE BUSINESS TIMES weekend JULY 27-28. 2002 Internet htlp//business limes asia 1 ci13 words
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730 2002-07-27 1 Siow Li Sen - Banks' first daim over CPF win make negative equity cases rare EXCLUSIVE By! Siow Li Sen [SINGAPORE] The new Central Provident Fund rules are set to provide an unexpected "comfort" to future homeowners who have a mortgage over their heads. For them, the dreaded730 words
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Article, Illustration122 2002-07-27 1 Reuters [NEW YORK] New York stocks edged up and stayed above water yesterday morning after slipping 5 points on Thursday. Stocks rose as technology shares like Microsoft rebounded after a rout the previous day, but blue chips looked a bit uncertain as investors keptReuters; AP - 122 words
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628 2002-07-27 1 Anna Teo - F Y E 0 N THE ECONOMY By Anna Teo [SINGAPORE] June's industrial output beat all expectations to grow 18.9 per cent year-on-year, more than twice the consensus forecast of 9 per cent growth. But electronics performance remained weak and indeed, economists say,628 words
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Article, Illustration957 2002-07-27 1 lee han shih - SATURDAY SOAPBOX Tliom who couM speak up against maid Muawanabd Chasanah's horrific abuse kept quiet The govt should raise Its voice now lee han shih LAST week, Singapore was confronted with the horrible spectacle of the worst maid abuse case in its history. Muawanatul957 words
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Page 1 Advertisements
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Advertisement324 2002-07-27 1 fej J m i |iii j* 'f X _"'*l |v \w* IN mi. >tiiiri L 1.1 |ipPFwRHMr £HpjMPprvi W9CT MfiE Ollly one ATM card earns you cash when you dine out. gpiHHi Earn cash in the form of DBSS when you use your DBS ATM card or DBS credit cards324 words
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Advertisement12 2002-07-27 1 PROPERTY Private housing: Quiet Q2 HDB: Stronger resale prices. PAGE S s*12 words
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Advertisement10 2002-07-27 1 myi umm I ffjblhi th madding crowd: Scat s Leon10 words
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Advertisement10 2002-07-27 1 SNOW ME IMi MONEY Guide to twderaleed Singapore stocks. fMEio10 words
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NEXT page
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Article, Illustration633 2002-07-27 2 r sivanithy - ET r sivanithy ITS not often that the local stock market provides investors with a no-brainer. But this could be one such occasion every time stocks have rallied in the past month it has paid to either sell into strength or go short Those633 words
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Article67 2002-07-27 2 □sn M#4.M (-21.73) ST MEX FUTURES MOOuOO (-11.00) ntMsctvurum MlS7.SO(-150) FrkUv Chug* KLSECOMP ***** -LI4 mkx£I hi> una -mm HAM) SD<0 9.7711? 111 «B SETfNDEX *44 7 -717 JAXABTAOOMP_44L» -1118 MANILACOUP ,l,|»42 |)ff TAIPEI WH 4JC&M -I (973 SBOt'LCOMP H7JM -26 SHENZHEN B _2«UM AM AUST ALLOW) A94l.ll -4M467 words
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Article67 2002-07-27 2 PMKX RATES ml u USS(SSprl!HS) 17M £(IN8/S$ per S) 1671 177k EL'ftO^USS/SS/E). I (MM 17M VEN 117.4 MuN RM 1Mb UC HM 7«00 4.417 BAHT 41.70 a7J WPlAH V. 12ft (.191 WMum SINGAPORE* U% KUALA LUMPUR M» BONG KDNQ i 12s JAKARTA M TAIFH US TOKYO LOT SEOUL lit67 words
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766 2002-07-27 2 Quak Hiang Whai - Its 1.68% fixed nl» Is part s<« rwt»»< t» towpits wllfctlitF>c—tnHlnf|Htf-fU>nt)f—itotifcits By Quak Hiang Whai [SINGAPORE] Five months after entering the mortgage finance market with a bang, Maybank has rejoined the raging battle for the home buyer's business it is now offering the766 words
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Article, Illustration504 2002-07-27 2 Larry Wee - RsgloMl stocks Md currencies rattled byTatott Semlcoa By 1 Larry Wee [SINGAPORE] Asian stocks and currencies bore the Ml brunt of tech sector and US repatriation worries overnight, but European currencies held their own against the greenback. Players reported that Thursday's warningSource: Reuters - 504 words
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605 2002-07-27 2 Conrad Raj - By Conrad Raj [SINGAPORE] In a surprise move, Singapore Airlines has terminated the employment contracts of the two pilots of the plane that took off from the wrong runway at Taipei airport and crashed on Oct 31,2000, killing 83 of the 179 passengers605 words
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Page 2 Advertisements
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in focus
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594 2002-07-27 3 Neil Behrman - US SELLOFF Asia has good valuations but funds won't buy till mafor markets stark turning around, say brokers From] j r Neil Behrman m London FOREIGN investors won't funnel money into Asia until Wall Street and other major markets settle down, say European594 words
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Article, Illustration1100 2002-07-27 3 Anthony Rowley - There's upside in restructuring story; Seoul also appealing From, Anthony Rowley in Tokyo WALL Street's slide is not likely to end yet, despite technical rebounds, and this will focus attention on the need to hedge in other markets. None can compete with theAFP - 1,100 words
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764 2002-07-27 3 Angela Tan - Seflhtgpresswestflia force b«t some are convinced a big boaace Is dee By Angela Tan [SINGAPORE] When major Wall Street market indices rocketed a whopping some 5 per cent mid-week alter weeks of dismal performances, investors wondered whether it was a signal that the market764 words
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Article2797 2002-07-27 3 UNIT TRUSTS FUNDS MM Aavo Am* Mft (S'pere) Star Europe Eqtyl A 0.606/ Star Europe Bd 1.05* Star Europe Bal 0J1* Star Arian Tiger Eqty 0.72* Star Asw Bond 1244/ Star Asia Balanced 083* Star Global Technology Fundi" 0.15* Star Bb* Finance Japan Ft*«d!" 0.73* Star Ma BoncKUSD) 0.714/ AM2,797 words
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in the news
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Article, Illustration554 2002-07-27 4 Kalpana Rashiwala - Move is part off group's plan to set up aft least two to three funds a year Reports by Kalpana Rashiwala CAPITALAND, fresh from the successful flotation of its Capita Mall Trust this month, is looking at setting up a China property fund554 words
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Article306 2002-07-27 4 Vince Chong - He's joining another HK bank after 4 months in the Job By' Vince Chong DBS Bank's head of distribution channels, Paul Wong, has resigned, four months after taking over the job. Mr Wong was seconded from Hong Kong-based Dao Heng Bank, which is widely acknowledged to306 words
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395 2002-07-27 4 PROPERTY giant CapitaLand yesterday posted its maiden interim net profit since its formation in late 2000 achieving a $98.6 million group net profit for the six months ended June, against a $268.3 million net loss in the same period last year. The395 words
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Article, Illustration367 2002-07-27 4 SHARES of Singapore's Chartered Semiconductor Manufacturing slumped 6 per cent to a new low yesterday after Taiwan Semiconductor Manufacturing Co's gloomy outlook. Chartered closed down 5.6 per cent or 17 cents at $2.87, reflecting losses in its American Depository Receipts. It was the367 words
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474 2002-07-27 4 Patrick Peck - By Patrick Peck The writer is vice-president for the Paris-based JCF Group THIS week's highlight was the announcement of changes to the Central Provident Fund relating to property purchases and financing. Although the changes are a significant shift from old policies, analysts did not rush474 words
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329 2002-07-27 4 Christopher Tan - By i Christopher Tan MOTOR group Cycle Carriage Ltd (CCL) is likely to astound with a quadrupling of net earnings when it announces its interim results next Wednesday. CCL is expected to equity account about $100 million from its 32 per cent aaanrfofrp. Astra329 words
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181 2002-07-27 4 Angela Tan - By Angela Tan SINGAPORE Telecommunications Ltd yesterday said it has been awarded a VSAT licence to operate under the new regulatory environment in Bangladesh, where the potential sateUite market is estimated to be worth more than US$5O million. The award makes SingTel the first181 words
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IN BRIEF
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83 2002-07-27 4 SINGAPORE and Thailand have agreed on new fifth freedom cargo and additional fifth freedom passenger air links. Carriers of both countries would be allowed to start fifth freedom cazvo services beyond Singapore and Thailand to any destination in the world. (An airline with fifth freedom air83 words
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45 2002-07-27 4 THE Japan External Trade Organisation has appointed Osamu Watanabe, a former administrative vice-minister in Japan's ministry of economy, trsds and industry, as its new chairman and chief executive officer. He succeeds Noboru Hatakeyama. Jetro also aniMwnnart th» Tsukamoto as its president45 words
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55 2002-07-27 4 Reuters SHIPPING line Cosoo Investment (Singapore) yesterday gave a profit warning fcr its first-half results due to unrealised lbreignexchangs losses from a weakening US$ In the second quarter.» sakl y its operating performance was comparatively better than the first half of2ool but the results wereReuters - 55 words
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Article59 2002-07-27 4 Reuters THE initial public offering of Cortina Holdings Ltd was approximately 14.4 times subscribed, its lend manager UOB Asia said The luxury watch retailer oflißred 38 million new shares, comprising IL4 million for the public and 26.6 million for placement Hie public portion was aboutReuters - 59 words
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58 2002-07-27 4 Dow Jones Newswires GfcW Group Holdings Ltd, a unit of Koh Brothers Group, said it plans to buy a cement plant In Singapore for |7 million. G4W, which makes and sells ready-mix concrete and precast concrete products, will buy the plant togetherDow Jones Newswires - 58 words
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Article66 2002-07-27 4 MAGNECOMP International announced the appointment of Steven G Campbell as chief executive officer after a six-month search following the demise of Wesley H Burkhart, former chairmen-CEO and founder of the company. Formerly heading the desktop solutions division and having held several executive positions at Western Digital66 words
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43 2002-07-27 4 CHANGI Airport's Terminal 3 will have a flfi miWonhaMpgr handling ijrtisiinlien it opens In 2006. The Civil Aviation Authority of Singapore has appointed a oantortftan comprising Danfch HQ Logistez Crlsplantand local Inter-Roller Engineering to supply the system.43 words
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Article, Illustration735 2002-07-27 5 Andrea Tan - CPF changes could boost volume to up to 12,000 units provided prices ttav put or even mi, prapfty nmsultants say By Andrea Tan DEVELOPERS saw their new home sales plunge by more than half in the second quarter against the preceding quarter. But comparedSource: URA/HDB - 735 words
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667 2002-07-27 5 Vince Chong - Market watchers see increase of 1-5% for second half Byy Vince Chong THE cloud over the resale HDB market has started to clear, analysts said, with prices rising in Q2 2002 for the first time in over two years, albeit by only667 words
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Article, Illustration360 2002-07-27 5 Rachel Ong - By] Rachel Ong THINK about the end your funeral. At the end of the day, what do you want your friends to say about you? What would you want to have achieved? Think about that and move from there. That360 words
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526 2002-07-27 5 Serena Ng - RAFFLES TOWN CLUB SUIT Based oa usage, dub's facilities are adequate for members' needs By Serena Ng THE use of the words "exclusive" and "privileged" in a club's marketing brochures constitutes little more than hype, an expert witness for Raffles Town526 words
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454 2002-07-27 6 Some counters see massive falls as nervous investors bail oat Reuters PROPOSALS from the Hong Kong Stock Exchange that could boot hundreds of "penny" stocks off its main board triggered heavy selling in the counters yesterday as nervous investors bailed out. All theReuters - 454 words
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269 2002-07-27 6 Reuters [HONG KONG] Hong Kong's stock exchange, which has one of the shortest trading days in the world, yesterday said it will extend its afternoon session by one hour in a bid to boost revenues and attract more business from Europe. HongReuters - 269 words
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Article305 2002-07-27 6 Bloomberg [BEIJING] Most of China's 4.64 million state workers who were laid off in the first half of this year are still jobless, adding to concerns that rising unemployment is damping consumer demand in Asia's second-largest economy. Only 470,000 of the retrenched workers about 10Bloomberg - 305 words
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188 2002-07-27 6 AP [HONG KONG] As Hong Kong struggles with record unemployment, the government is thinking of freezing the number of foreigners who work here as housemaids, a newspaper reported yesterday. Hong Kong families employ more than 200,000 live-in domestic helpers, the majority of themAP - 188 words
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Article, Illustration429 2002-07-27 6 Buiders warn of crippling delays after their departure AFP [KUALA LUMPUR] Malaysian builders warned yesterday that a government crackdown on illegal workers when an amnesty expires at the end of this month will cause crippling delays in construction work. Illegal Indonesian immigrantsAFP - 429 words
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324 2002-07-27 6 Reuters [KUALA LUMPUR] Malaysia is not immune to scandals like the one which sank US energy trader Enron Corp, though its accountancy rules would not be the cause of it, stock market regulator Ali Abdul Kadir said yesterday. "As far as accounting standards areReuters - 324 words
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Article, Illustration356 2002-07-27 6 AP [JAKARTA] An Indonesian court yesterday dedared the youngest son of ex-president Suharto guilty of paying two hitmen to murder a Supreme Court justice and sentenced him to 15 years in jail "The defendant has been proven guilty of all the charges," presiding JudgeAP - 356 words
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220 2002-07-27 6 Bloomberg [KUALA LUMPUR] Malaysia Airports Holdings, the sole operator of the country's 37 civilian airports, is offering all its 4,590 employees incentives to quit as part of a plan to cut costs. The workforce reduction programme will be offered to employees betweenBloomberg - 220 words
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NOTE BOOK
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67 2002-07-27 6 Bloomberg [KUALA LUMPUR] Technology Resources Industries Bbd said Deutsche Telekom AG sold an 8 pa* cent stake in it to cloeely held Beringin Mural. TRI said Beringin Murai exercised an option it was granted to purchase the shares, valued at RM158.5 million (5J73.3Bloomberg - 67 words
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56 2002-07-27 6 Reuters [BEIJING] China said yesterday it will let all hanks sell foreign exchange to individuals, ending the Bank of China's monopoly. Hie State Administration of Foreign Exchange said new rules posted on its website would make it easier for people to obtain foreignReuters - 56 words
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Article68 2002-07-27 6 Bloomberg [HONG KONG] Hong Kong's exports rose in June at the fastest pace in more than a year, suggesting that rising demand from the US and Asia may be helping to spur growth in an economy that barely grew last year. Overseas sales rose 8Bloomberg - 68 words
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63 2002-07-27 6 Bloomberg [KUALA LUMPUR] MTD Capital Bhd, a Malaysian toll road operator, will receive as much as RMI.2 billion (***** million) in compensation after the government in May decided to restrict its ability to raise toll rates. The payment will help offset an estimatedBloomberg - 63 words
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73 2002-07-27 6 Dow Jones Newswires [KUALA LUMPUR] Car sales, an indicator of consumer confidence, would boom in 2002 and reach a new record of around 430,000 if growth forecasts are met, an industry group said yesterday. The Malaysian Automotive Association said it expects motor vehicleDow Jones Newswires - 73 words
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48 2002-07-27 6 Bernama [BANDAR SERIBEGA WAN] Asean and China are expected to finalise the preliminary setting of the proposed Asean-China Free Trade Area (FTA) in September, Asean secretary-general Rodolfo Severino said yesterday ahead of the 35th Asean Ministerial Meeting on Monday. BernamaBernama - 48 words
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50 2002-07-27 6 Dow Jones Newswires [JAKARTA] Deloitte Touche Tohmatsu International said yesterday an Indonesian court has overturned a government ruling that charged the accounting firm with acting improperly as adviser in last year's sale of former Salim unit PT In do mob il Sukses International.—Dow Jones NewswiresDow Jones Newswires - 50 words
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43 2002-07-27 6 Reuters [HONG KONG] Morgan Stanley Capital International said yesterday it will admit Bank of China Hong Kong as a constituent stock in its indices, including MSCI Hong Kong, as of the cloee on Aug 30.—ReutersReuters - 43 words
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55 2002-07-27 6 Bloomberg [BEIJING] China's trade surplus more than tripled in June as a weaker currency made the country's goods cheaper abroad boosting export earnings. The June surplus totalled U552.92 billion, compared with USM29 million a year earlier, the Ministry of Foreign Trade and Economic CooperationBloomberg - 55 words
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Article, Illustration361 2002-07-27 7 Accounting practices at popular search website coaid come under investigation Bloomberg [SUNNYVALE, California] Yahoo! Inc shares fell 10 per cent, partly on speculation that the Securities and Exchange Commission (SEC) may investigate accounting at the most used Internetsearch website, analysts said.Bloomberg; Source: Bloomberg - 361 words
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WORLD WATCH
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82 2002-07-27 7 Reuters [NEW YORK] US consumer sentiment was bruised in July but improved in the second half of the month. The University of Michigan's consumer sentiment index fell in July to 88.1 from 92.4 in June. That was better than economists' forecasts for 86.5, where the indexReuters - 82 words
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Article66 2002-07-27 7 Bloomberg [WASHINGTON] US House and Senate negotiators reached a late-night agreement to expand President George Bush's trade-negotiating power. The lawmakers also agreed to provide up to US$l2 billion for US workers who lose jobs due to trade, end most tariffs on imports from Colombia andBloomberg - 66 words
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50 2002-07-27 7 Bloomberg [TOKYO] The Japanese government hired Morgan Stanley to securitise and sell loans with a face value of at least 100 billion yen (Ssl.s billion). State-backed Resolution and Collection Corp, which buys from banks, will work with Morgan Stanley and Mitsubishi Trust Banking Co.—BloombergBloomberg - 50 words
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50 2002-07-27 7 Reuters [TOKYO] Japan's household spending jumped in June as consumer prices fell for a 33rd straight month. The consumer price index slipped 0.8 per cent in June from a year earlier and fell 0.1 per cent from May, the government said yesterday.—RattersReuters - 50 words
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423 2002-07-27 7 Analysts predict 14% profit rise in Q3, a 26% increase in Q4 Bloomberg [NEW YORK) US corporate profits rose 9 per cent in the second quarter, the first increase after five declines, as consumers bought household goods and carsBloomberg - 423 words
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Article, Illustration541 2002-07-27 7 Kwifl spend 20% more on new technology in FYO3 NYT. Reuters [REDMOND, Washington] Shrugging off a deep technology industry recession that has beset its competitors, Microsoft said on Thursday that it planned to accelerate its investment in researchNYT.; Reuters - 541 words
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284 2002-07-27 7 Reuters (TOKYO) Former execu- tives of a Japanese bank had forced their clients to make political donations to Prime Minister Junichiro Ko- izumi before he took office, a Japanese newspaper re- ported yesterday. But the government's top spokesman said it was unlikely thatReuters - 284 words
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Article, Illustration441 2002-07-27 8 Senate investigating committee asks for information on offshore financing vehicles [WASHINGTON] The head of a Senate investigating committee has asked the chief executives of Citigroup and JP Morgan Chase to disclose secret information on the ownership of offshore companies used to finance US$BBLOOMBERG PHOTOS - 441 words
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365 2002-07-27 8 Leon Hadar - From Leon Hadar in Washington US President George Bush said that he was ready to sign into law a major corporate reform legislation that was approved by Congress on Thursday and that includes broad new regulation of businesses365 words
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Advertisement1717 2002-07-27 5 J IN THE MATTER Of THE COMPANIES ACT, CAP. 50 AND IN THE MATTE* Of CAME HARNESS A SUPPLIES PTE LTD (INCORPORATED IN SINGAPORE) (IN MEMMftS' VOLUNTARY WINDING UP) NOTICE Of PINAL MEETING NOTICE IS HERESY GIVEN, pursoont to Section 308 of ibe Componies Ad, Cop. 50, that Ik* Final1,717 words
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Article4547 2002-07-27 7 Transaction date: Jul 26 for more, go to vnwvxisiaonermiarketsjcorn HONG KONG Vai wa *t- -m VtobAsm Mtitimedu—0.12 inh 0 Alpha General 0.03 unch ***** AnandaWingOn .0.05 undt 0 Angara New Steel H 097 -0.05 ***** Anhui Conch H 2.25 -0.10 1t20 AflhuExcrewweyH 1.49 -0.04 976 Arcontecn Corp 0.804,547 words
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Article5797 2002-07-27 8 Transaction date: Jul 26 for live prices, log on to iwinvxisiaonemarketsjcom *2-9* LM tM tay |M»Q—i Mb M> GrVU M MCa WUm W» U» flgg 1* W Cm *—g_g ABNAmroNLG S6c 9 12 14 IB 20.5 15 c ACH Dyrvamics20c 12-5 12 14.5 0.7 1 205 12J 135,797 words
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Article44 2002-07-27 8 jsz.<~m a a ■r-srs.-t s"g gra-a 103*1 TTT0 s Dumondi US777M WO M50i50JU5T«* U5M50 4K> 3300 575 440 s IS MM Spor* USS73 11M0 s 5SVSOO U*****0 ***** UfO s SfMS i«cm> MB 15Ut STIFTTKJO 1522 -U 24 1&45 15t« 1521 1S3044 words
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Article1519 2002-07-27 8 a* M M Oa* LMOM Mb H» fM M —nta rn+lm. Mi W W 'g wg 255 12 c ABA HUgiSc 145 -Ol5 27 15 14.5 14 15 a 15 MS 12 c APOBSc 19 -05 CO 19 19 12.5 193 5 113 13 I 117. 11 *51,519 words
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Article198 2002-07-27 8 H* UM Wit Day IMQMI M« Mi firTW MM KOa L— Ciim LSate W- —y M» Cw HI |3 1» 70 AVJmingiA2ScA 95 *1 17 95 93 5 935 95 40 3 4 10 5 5 5 NU Ca*wyFac20cHK„ —720 2S5 2.1 74 M3HJ Owing KongSOc HK 17S0198 words
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what's in style motoring
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Article, Illustration1438 2002-07-27 9 CHRISTOPHER TAN - Tired of Japanese and German fare? CHRISTOPHER TAN suggests two alternative getaways that are zesty, relatively affordable and far from the madding crowd CHRISTOPHER TAN Spanish Fly Seat Leon Stela IF pasta's too rich for you, why not try paella? As inconspicuous as it may seem, Volkswa-gen-owned Spanish1,438 words
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BRAVE NEW WHIRL
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Article, Illustration118 2002-07-27 9 KHIEW Kim Choy, a businessman in his mkl-30s, landed himself a $710,000condo at Robertson 100 yesterday simply because be bought a MercedesBenz E2OO. The grand draw was part of an K-class promotion run by Cycle A Carriage in cooperation with Citibank. Those who bought a car between118 words
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127 2002-07-27 9 HONDA Motor is likely to put its first fUel-cell vehicle on the market by the end of the year, matching rival Toyota Motor, reported Reuters. "It will probably happen, though I can't say how many we will sell as we don't know how127 words
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60 2002-07-27 9 BIDDING for car registration numbers in the SDU series begins today and closes at noon on Aug 3. Interested parties can submit bids for numbers between land 9999 in the series. Bids start from 81,000, and must be made on forms available at60 words
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93 2002-07-27 9 HYUNDAI Motor ha* begun raroiHng 220.000 cut In the US to fix feuhyairbag sensors and other defects, AP reported. Hyundai is recalling 145,000 XG sedans made in 3001 and mid-sized Sonata sedans made in 1990-2001 after the US National Highway Traffic Safety Administration said93 words
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69 2002-07-27 9 FIND yourself going in circles lately? Cheer up. BMW's navigation system is now available in the 3 ands-series. Customised by Mannesmann VDO for BMW, the satellite-based audio-visual location finder was previously only available for the 7-series. The CD-ROM guide to Singapore's 3,000 km road69 words
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Article76 2002-07-27 9 dm w au ana fsa Peugeot Citroen will develop and jointly produce up to one million small petrol engines, Bloomberg reported. BMW will be in charge of design, while Peugeot Citroen will manage production engineering and parts purchasing. The engines will be used in BMWs Mini76 words
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149 2002-07-27 9 Christopher Tan - Compiled by Christopher Tan TYRE manufacturers warned that tyre-pressare warning lights that will be required by a US federal rule in some nei vehicles might fell to provide adequate warnings even when tyre pressure is dangerously low, according to The New York149 words
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in the money
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Article, Illustration1584 2002-07-27 10 teh hooi ling - SHOW ME THE MONEY Price-to-book values can be used to separate undervalued stocks from the overvalued teh hooi ling A FEW weeks ago, I showed that buying a portfolio of stocks with the lowest price to book value (PBV) ratios1,584 words
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Article, Illustration702 2002-07-27 10 r sivanithy - CAVEAT EMPTOR It should study HKEx's move to make listing criteria mote stringent to ensure quality r sivanithy SOMETIMES it's necessary to take a step back in order to move forward. The Hong Kong Exchange (HKEx) seems to have recognised this and702 words
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937 2002-07-27 10 Sebastian Chong - INVESTOR EDUCATION By Sebastian Chong LAST week, we explained that detecting and deterring accounting fraud is not just a matter of setting relevant and stringent laws and professional standards. It was stressed that enforcing such rules effectively and reasonably is just as critical.937 words
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in the
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Article, Illustration1211 2002-07-27 11 Teh Hooi Ling - Starting today, this weekly column on financial planning will show you how to manage your wealth and plan for your retirement or your children's education By' Teh Hooi Ling mmamm mamam ERE's a lament from George Costanza, I the neurotic character from Seinfeld. "The moet1,211 words
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Article1347 2002-07-27 11 for week beginning July 22 ■dam m M» TT it l*ur r»«p.«r 9m* 0- fcW W Matt 25-Jul I 2240 4003 140 Ul 9 US. 0412 OA aiO A*w«5» 26-Jun f 2453 4M2 0.75 1J3 AteOitar" 26-Jun 9 «3475 ***** W.O 114 AteTTMtt 26-Jun I 04001,347 words
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Page 11 Advertisements
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Advertisement6 2002-07-27 11 Mormalion provided by DBS VICKERS SECURITIES6 words
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week in review
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Article, Illustration842 2002-07-27 12 For the full stories, visit http://business-times.asial.com.sg Co¥t changes property financing rules July 23 IN a surprise policy change, the government will give banks first claim on mortgaged properties ahead of the Central Provident Fund Board in the event of borrower default. But the quid pro quoFILE PHOTO - 842 words
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Article260 2002-07-27 12 July 23 When sacred cows have to be sacrificed WITH the Central Provident Fund giving up first lien on loans for private homes, the safety net has been removed. That's good news for bank customers because overall bank charges should soon come down. But property buyers should260 words
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Article1785 2002-07-27 12 Transaction date: Jul 26 KUALA LUMPUR "J J Mapnumg»p 259 -001 «M hMHw 1.45 fja 2S £2 a S5*» —ts JSE*** —-j£ j.-—, S3 :.:S Sg !S!ES»=zzfi5 iS SSSLzzrSS Si? "J su~r=zz=is i agr is ss s sssssfczs ts~ g ~fP:: t» <W*ance Synergy 031 -aoi 55 General Corp1,785 words
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Article431 2002-07-27 12 Transaction date: Jul 26 assL—3 3 SslsT"" !S avtSMCmlk 115 ISK Alio OUE U9 4J90 I" 0J7 0X20 l3ul- a? 3? IS sawar* ts sr* s ts gSc^ 500 ss IS 4~ IrSr® 2 55 IS iE S§ as ts dS?** issS S?£?.&, i2 !2S S5 £5 3» axs™431 words
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Article578 2002-07-27 12 BONDS WARRANTS MCw tar *MK 95EH rwwwte Mw %*m*m u» Asnwwoet U 1 M 43 1.24 23 AowUdWWIIH i 2 03 SI 1 SO MB J SO 2S An\4«fcW«50S10 US -5.5 237 1 J3 3 1.36 35 AfmMrong\MM0520 —13 1 10 77 433 22 Sar6*SA0H>9O1 10k MS inh 30 Sar65*JB*****1578 words
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what's in style food
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Article, Illustration395 2002-07-27 13 Corinne Kerk - By Corinne Kerk FANCY paying $11,000 for a bottle of cognac? Before you baulk at the price, you should know that this is no ordinary cognac, and certainly not something you'll serve to all and sundry, but a Remy Martin Louis Xm CognacDiamant Edition395 words
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Article, Illustration772 2002-07-27 13 GEOFFREY EU - A group of managers from British Petroleum competes in a cook-off for team building and eats the food too, reports GEOFFREY Ell GEOFFREY EU ITS a well-known rule that too many cooks spoil the broth, but when the idea is to discover your inner chef —and have aARTHUR LEE - 772 words
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Page 13 Advertisements
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Advertisement295 2002-07-27 13 WHlC&dilie withweekendßT ImnMlßar 400 Orchard Road, #01-05 Orchard Towers (nor block). TeL*****477 An American-style restaurant serving the best of Texan and Mexican food. Open 24 hours dally, the ftpas are an alMdma favourite. CflfcrAMVo *o*3o Specialist Shopping Centre. jj HI WiflßS < j Well-known for Its French-Inspired this casual eatery's295 words
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Advertisement163 2002-07-27 13 dtehes, prepared by Hong Kong chafe, lunch at $28.80*++ (adult) and $17+++(child). Dinner at 130.80+++ (adult) and $19+++ (chid). Minimum three persons. 53 Boat Quay. TeL *****198 This "grilHt-youreeif" restaurant aflows (Snare to cook their choice of meat and seafood at own comfortable pace. TMI Oct 15. enfoythe3rdHot Stones Set163 words
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Advertisement72 2002-07-27 13 TaL-mmam ftomwselflay aet hjnohmewu at I Gourmet Summit 2002 and wot toad at one of I u the World's Best 100 New Restaunits m Condt /J fa NmtTtmmhrQOOL R 1 VLri r ._7; A 1 *iBXSatoRQaiIW/4KV fTM Feast on Thai ■pielaKliit at Cafe Vienna. The aaSMfc&aaM 111 MHki Jm %<'72 words
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what's in style people/collection
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Article, Illustration1103 2002-07-27 14 CORINNE KERK - CORINNE KERK finds out what made MBA holder Laura Tan somersault from corporate world to nail bar CORINNE KERK SHE'S an MBA holder and certified purchasing manager who has spent 18 years in the corporate world, working in managerial positions or as a consultant in multinational companiesPHOTOS BY ARTHUR LEE - 1,103 words
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IN STORE
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Article, Illustration157 2002-07-27 14 ARE your trainers too bulky? Hard to pack into your suitcase? Wish you could roll 'em up and chuck 'em in your bag? Well, you can do exactly that with Reebok's first-ever foldable Travel Trainers. Called TT for short, the shoes were inspired by the ones worn157 words
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Article, Illustration102 2002-07-27 14 Everyone's into skin products that protect against harmful pollutants these days, and French brand Averine Skincare Cosmetics has just added new items to its Protect range. The lightweight Averine Smoothing Compact Foundation ($7B) contains hyaluronic acid an emollient that forms a protective film to prevent moisture102 words
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Article, Illustration65 2002-07-27 14 CORINNE KERK - Compiled by I CORINNE KERK Lotus Arts de Vivre, which sells distinctive, luxury handcrafted jewellery and objects for the home, will launch its new collection next Friday. In line with its aim to use natural materials and forms as far as possible, the new range will65 words
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Article, Illustration630 2002-07-27 14 TRAVEL AP [BEIJING] Finally, it's been located: The mythical, longsought valley of Shangri-La is .exactly where the Chinese government has decided a profitable vacation and ecotourism resort destination can best be built. For years, sundry municipalities in a rugged, underdeveloped region of southwestern China have vied to claimAP; AP FILE PHOTOS - 630 words
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what's in style art
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Article, Illustration505 2002-07-27 15 CHEAH UI-HOON - Yuriko Oido's etchings of Japanese village life are a nostalgic depiction of the past, writes CHEAH UI-HOON CHEAH UI-HOON LIKE illustrations for a children's book or a fairy tale, the very essence of Japanese artist Yuriko Oido's etchings are its charm. "They make me nostalgic for the505 words
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Article, Illustration505 2002-07-27 15 Cheah Ui-Hoon - SOCIETY David Marshall's kin set to wed boy from Britain after whirlwind courtship Byi Cheah Ui-Hoon DONT try to get a hair appointment at Brown's Salon in Shangri-La tomorrow. Unless you're part of the "Marshall and Halm" wedding entourage that is. That's right, the hair salon505 words
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ART beat
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Article118 2002-07-27 15 A weekly roundup of events xs to XL is an exhibition of wpwHlng sculpture. A group of contemporary Filipino artists prove that sculptures can be small and light, as well as capable of expanding once installed in the designated space. Having been created within logistical constraints, the works118 words
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Article78 2002-07-27 15 BORN in El Salvador and currently residing in Spain, artist Nina Nolte paints familiar <aihfryt« fWvri thp history of art in a vivacious, Asm Ung style. Colour intense and elaborate is her principal artistic reference. In IMng Colour is her solo exhibition. At Arts Seasons gallery, 5 Gemmill78 words
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Article89 2002-07-27 15 fiHr* m wrs setectea wont Art abroad ROVING artist Simryn Gill, who's lived in Malaysia, Singapore (from 1993 to 1996), India and Britain, and now living in Australia, exhibits Dalam and Forest in Sydney. Dalam is a major photographic series of the living spaces in Malaysian homes. Forest consists of89 words
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Article52 2002-07-27 15 LIVING Out, Hiding In is a group exhibition of contemporary photography by both mainland China and Thailand artists. Curated Jointly by Gu Zhen Qing and Josef Ng, the works address cultural iden-. tity in urban environments. At Tang Gallery, B-28 (basement) SilomGalleria Plaza, 919/1 Silom Road, Bangkok. Until52 words
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66 2002-07-27 15 SINGAPOREAN artist Benjamin Puah makes a debut exhibition in Australia with 26 works on paper. Puah describes the works as "visual diaries", com municating and confronting what cannot be or shared in words. At Brisbane's Grahame Galleries Editions, No 10 Fernberg66 words
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Article, Illustration493 2002-07-27 15 Transaction date: Jul 26 iwiHMnnwMwi ">-» sr j-s 2? u l u, ""w"®'«'uiu»iauiuiuswii» ZLm ui«*» UM j !t ,MH uDu, u m ,u M,j noipm UN US 1M4 UB U4 UN O.SO UK %Mt UH !i)J iw am imb «m 1Mt n US UN <L02l UN IA-4fl|. |UNI MN493 words
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Page 15 Miscellaneous
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Miscellaneous182 2002-07-27 15 CKVPTIC CROSSWORD 27 Coach in French (9) 28 -Manoeuvres legally save 14 Vehicle going quickly, using Across: 1 Abandon ship, 9 old convict (6,5) Shell (8) Ecru, 10 Built-up area, 11 Purr, DOWN 16 Bad liar press acts in re- 14 Inmates, 16 Include, 17 1 Humiliatingly dismiss at 17182 words
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what's in style
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Article, Illustration1500 2002-07-27 16 CORINNE KERK - The annual Thailand Health and Beauty Show has succeeded in promoting the country as a one-stop destination for mental, physical and spiritual rejuvenation, says COMNNE KERK CORINNE KERK OH, to get away, spend idyllic days on the beach, enjoy (or pick up) massaging skills, eat healthy (but delicious)1,500 words
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