The Business Times, 18 October 2003

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Total Pages: 18
1 18 The Business Times
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  • Title Section
    Lock icon Masthead
    12 1 MITA (P) 024/03/2003 THE BUSINESS TIMES weekend SINGAPORE OCTOBER 18-19. 2003 85c
    12 words
  • Article, Illustration
    Lock icon Outsourcing, China factor will temper recovery: MAS
    762 1  -  Manufacturing prospects remain muted despite prospects of an upturn in the global electronics industry By Anna Teo [SINGAPORE] Recovery is underway, but the economic rebound this time will be modest because of trends like outsourcing and the relocation of low-end manufacturing to countries
    Source: MAS  -  762 words
  • Article, Illustration
    Lock icon Sept trade points to electronics taking on China challenge
    524 1  -  26% exports surge also suggests more robust Q3 growth than govt estimate By Chuang Peck Ming [SINGAPORE] Singapore may not be losing that much of its market share of electronics exports to China, judging by non-oil domestic exports in September, which
    Source: E Singapore  -  524 words
  • Article, Illustration
    Lock icon Celebrity chef looks back
    1342 1  -  And looking ahead, a parallel career in restaurant consultancy is an option for Justin Quek, says GEOFFREY EU GEOFFREY EU THE impending departure of founding partner and executive chef Justin Quek from Les Amis, arguably Singapore's best fine dining restaurant, is the culinary equivalent of a
    1,342 words
  • Article, Illustration
    Lock icon Money pot on wheels
    64 1 OKA Y, the contraption above needs some explaining, which we 7/ do on Page 13. But in short, it involves laying out just $sfor a chance to win a neat little sum of money. It requires minimal, actually zero, golfing skills. Mastercard holders will get a
    64 words
  • newsbreak
    • Article
      Lock icon Rise in US Oct consumer confidence
      115 1 Reuters [NEW YORK] US consumer confidence improved in October as the nation's long-dormant jobs market showed signs of life. The University of Michigan's index of consumer sentiment rose to 89.4 in October, it was reported, beating economists' forecasts of a rise to 88 and
      Reuters  -  115 words
    • Article
      Lock icon Tokyo post for CBRE S'pore exec director
      60 1 [SINGAPORE] CB Richard Ellis executive director Christopher Fossick will be the president of the property consultancy's new Tokyo operations from Jan 1. CBRE is setting up a Tokyo office as the Japanese economy shows tentative signs of picking up and is welcoming more
      60 words
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      19 1 MOTORING Porsche owners go PAGE 14 Financial services is likely star 0f2003 economy, Pg 2 11(111 8 *****1 *****4
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      55 1 lhni?Wi \m i irrffiai'SMn pSJMB 0 COMPANIES k Bread Talk takes winning formula to the Middle East. PAGE 5 BUSINESS Crouching executives, hidden entrepreneurs in GLCs. PAGE 8 I FASHION Prada: a success story in S'pore and the region. PAGE 16 Banking On HNjSHH Innovation IBM India's award-winning innovator, KV
      55 words
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  • news front
    • Article, Illustration
      Lock icon On Apec's menu: hygiene and VIP orders
      610 2 Bangkok revs up to fever pitch to ensure the visiting dignitaries are kept safe and happy Reuters [BANGKOK] Pity poor Vichit Mukura. He's the chef at Bangkok's plush Oriental hotel who has been working for a year on the preparations for Monday's slap-up
      Reuters; AFP  -  610 words
    • Article, Illustration
      Lock icon Getting multilateral trade back on track
      578 2  -  saturday soapbox This is what S'pore, along with other Apec members, will be pushing for when their leaders meet next week chuang peck ming Trade-dependent Singapore will be advocating what many will be pushing for at the Apec leaders' meeting starting tomorrow a commitment
      578 words
    • Article
      Lock icon Financial services is likely star of 2003 economy
      494 2  -  S'pore benefiting from outperforming Asian markets By Siow Li Sen [SINGAPORE] Financial services fuelled by continued strong capital markets and robust fund management growth is likely to be the star performer of the economy, in the sense that it will be the
      494 words
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      66 2 Incorporation services in all major jurisdictions Global network of offices Ready-made companies available Management and administration services China business registration Accounting and trade support services Virtual office solutions Personal and corporate bank introductions TO ARRANGE A FREE CONSULTATION CONTACT: Aidan Healy or Simonne Toh T: +65 6535 3382 F: +65
      66 words
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  • the raffles conversation
    • Article, Illustration
      Lock icon BANKING ON INNOVATION
      1854 3  -  K V Kamath shook up Indian banking in the late '90s, engineering a paradigm shift and executing changes in doublequick time. VIKRAM KHANNA finds out how he turned stodgy corporate lender ICICI into a nimble consumer bank VIKRAM KHANNA THE inaugural CNBC Asian Business Leader awards in
      1,854 words
    • Article
      Lock icon Riding on India's economic curve
      637 3 LIKE much else in India's now-flourishing economy, the country's banking sector has witnessed sea changes. What's more, it's still in the early stages of what many expect will be a long rising curve. "If you go back five years, banking in India was about deposit-taking
      637 words
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      61 3 Raffles INTERNATIONAL Hotels Resorts The Raffles Conversation is brought to you through a special arrangement with Raffles International Hotels and Resorts. The Traveller's Palm in the Raffles International logo is an apt symbol. Not only has water stored at the base of this palm provided sustenance, the leaves rest in
      61 words
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  • news companies
    • Article, Illustration
      Lock icon Hwa Hong shaping up to be another takeover play
      694 4  -  Share buyback, scrip dividend plans may trigger offer from controlling Ongs By. Andrea Tan COULD Hwa Hong Corp potentially be another takeover play? This question stems from a proposed share buyback mandate and a scrip dividend programme, two schemes which would
      FILE PHOTO  -  694 words
    • Article, Illustration
      Lock icon A fresh look at Adroit
      833 4  -  corporate analysis The entry of a new investor may revive interest but caution is still called for, says KENNETH LIM KENNETH LIM WHAT is there in loss-making Adroit Innovations that drew in new substantial shareholder Neo Kim Hock as others made their exit? Does he
      Source: Bloomberg  -  833 words
    • Article, Illustration
      Lock icon Rising frustration levels help push stocks higher
      539 4  -  market review r sivanithy ELL in May and go away?' It's a Wall Street dicturn that has some historical validity, but if l you're a fund manager who put your faith in it, you would have missed out on some pretty good returns.
      539 words
    • Article
      Lock icon MARKETS
      72 4 ST! 1,772.18 (+17.99) ST INDEX FUTURES 1,772.00 (+17.00) SIMSCI FUTURES 219.10 (+2.30) Friday Change KLSKCOMP 7*1(6 -3.(17 MkkKI ii'< IIMBM -1174 HANG SEW l« »i SET INDEX **K«I *4«W JAKARTA ('(IMP «4»t» M ANILA ((MP I,tti7;tt TAIPKI WPI ♦>.(•42 71 -««7 SBII LI'OMP 7H7 75 SHENZHEN H i4»4* Al
      72 words
    • Article
      Lock icon FINANCE
      78 4 FOREX RATES US$ S$ rssissp«-rssi 1.741 S|ISSSSp»>rS|__ 1672 1911 Kl RO(l SS SS E| 1.159 ±01* VEX 109* RN KM Xm 2.1*2 HKS 7.747 4 449 RAHT -1990 22.91 ETUI *.44n MM RENMINBI \29» 4.765 INDIAN KFEE MM MM AS 1450 MR NZS 1.682 0.966 PRIME RATES SINGAPORE* 5.25
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    • corporate roundup
      • Article
        Lock icon More lease-back deals coming
        110 5 ASCENDAS-MGM Funds Management, manager of the Ascendas Real Estate Investment Trust (A-Reit), says it is in discussions Tor more potential buy and lease-back deals with property owners as well as for potential acquisitions of multi-tenanted properties in Singapore. A-Reit posted net profit and distributable income of
        110 words
      • Article, Illustration
        Lock icon PCI promotes COO
        62 5 ELECTRONICS manufacturer PCI has promoted two executives to lead the company as of yesterday. Teo Teck Chuan is now the chief executive of the company after being its chief operating officer for the past nine years. Taking over his role as operations head is former assistant chief
        62 words
      • Article
        Lock icon Boustead unit wins contract
        96 5 BOUSTEAD Singapore's environmental engineering subsidiary Salcon Ltd has won a $10 million contract from Japan's JGC Corporation to design, engineer and fabricate a sea water desalination and demineralisation plant in the Middle East. The delivery and commissioning of the plant for the Sohar Refinery Project is
        96 words
      • Article
        Lock icon Regional MD sues Berger
        107 5 MAINBOARD-LISTED paint and coatings manufacturer Berger International said it had been served a writ of summons in connection with a law suit by its regional managing director in Trini- dad. According to media reports earlier this year, the director had alleged that the company had been
        107 words
      • Article
        Lock icon Heshe buys op rest of SyMa Uan
        80 5 HESHE Holdings said it had acquired the remaining 30 per cent of Sylvia Lian Creation Pte Ltd for $2. Sylvia Lian. which sells ready-made apparel and has been dormant since 1998, had audited net liabilities of $1.6 million as at June 30. 2002.
        80 words
      • Article
        Lock icon Oakwell wins court case
        62 5 SINGAPORE'S High Court has ordered Canadian company Energy Power Systems to pay G W Group subsidiary Oakwell Engineering US$4.2 million together with costs. The judge's ruling in favour of Oakwell ends a months-long dispute announced by Oakwell in November last year over a power project in
        62 words
      • Article
        Lock icon Chuan Soon Huat settles claim
        103 5 CHUAN Soon Huat Industrial Group has settled a 1999 claim made by British company Mercantile International Group over commissions and fees. Chuan Soon Huat will pay Mercantile £40,000, about a seventh of the original £2.69 million claim. The company agreed to the settlement without admission
        103 words
      • Article
        Lock icon Banyan Tree may head for SGX
        124 5 BANYAN Tree Hotels A Resorts may list on the Singapore Exchange by the end of next year's first quarter and most of the proceeds will likffy fund expansion In. Sri Lanka and Cliaa. says Banyan Two chairman Ho Kwbrf Pirtg. The compahjf told CNA
        124 words
    • Article
      Lock icon CapitaLand boosts finance dept with another ex-Citibanker
      419 5  -  By Kalpana Rashiwala IN ANOTHER development that reflects Capita Land's ambitions to extract more value from financial management and develop more real-estate financial products, it recently hired the former real-estate head at Citigroup's global corporate and investment bank in Singapore, Oliver Lim. Mr
      419 words
    • Article
      Lock icon US$2.2b SingPower bond issue oversubscribed
      337 5  -  By Tang Weng Fai SINGAPORE'S biggest bond issue to date, a whopping US$2.2 billion, has been successfully placed and oversubscribed. Issued by Singapore Power subsidiary SP Power Assets Ltd, the offering was allocated into US dollar and Sing dollar tranches. These comprise US$6OO million in
      337 words
    • Article, Illustration
      Lock icon BreadTalk heading for the Middle East markets
      571 5  -  Osama Al-Mejhem's Kuwait-based company becomes a master franchisee of the bakery chain By Joyce Koh THE new storm brewing in the Middle East comes in the form of a light fluffy concoction filled with mushrooms and cheese. Homegrown bakery chain Bread Talk, übiquitous
      CHRIS LOH  -  571 words
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      Lock icon Page 5 Advertisements Column 1
      313 5 Pi xd .V KXD DIGITAL ENTERTAINMENT LIMITED (Incorporated in Singapore on 30 January 2003) Invitation in respect of 160,000,000 ordinary shares of 550.045 each comprising:(1) 7,500,000 Offer Shares at 550.23 for each Offer Share by way of public offer; and (2) 152,500,000 Placement Shares at 550.23 for each placement share
      313 words
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  • money personal finance
    • Article, Illustration
      Lock icon brokers' take
      501 6  -  Compiled by Ven Sreenivasan Ascendas Rett, Oct n dosing: $1.05 EARNINGS visibility has improved as A-Reit has achieved renewals/leasing for 59,062 sq m, or 24 per cent of its portfolio, and has secured 96 per cent of revenue from committed leases for FYO4. While further asset acquisitions would
      Source: Bloomberg  -  501 words
    • trades to watch
      • Article
        Lock icon People's Food chief sells stake
        110 6 THE controlling shareholder of Chinabased meat producer People's Food Holdings and its executive chairman yesterday sold a total of 180 million shares or 15.88 per cent of the group in married deals at 95 cents per share. Ming Kam Sing sold 113.6 million shares or
        110 words
      • Article, Illustration
        Lock icon GES MD sells 2m shares
        81 6 DANIEL Yeong, the managing director of GES International, yesterday sold two million shares in the electronics group at between 72.5 cents and 73.5 cents apiece. His open market sale, which amounted to a total of $1.46 million, reduced his shareholding in GES to 1.1 per
        81 words
      • Article
        Lock icon EDMI reserved share sale
        100 6 WITHIN the first three days of trading for electronic meter-maker EDMI Limited, the Sesdaq firm's three indepen- dent directors have sold all the reserved shares they received from the IPO. Ling Yong Wah, Lim Tat and Yeo Jeu Nam sold 200,000 shares each in the open
        100 words
      • Article
        Lock icon Futuristic stake reduction
        106 6 TWO directors-cum-substantial shareholders of Futuristic Image Builder have sold a combined three million shares or 4.76 per cent stake in the Ses-daq-listed firm in married deals at 25.5 cents per share. Futuristic's executive chairman William Lau Eng Khoon and group managing director David Low Chor Hoon sold
        106 words
      • Article
        Lock icon Startech chief sells nearly all
        102 6  -  Compiled by SERENA NG STARTECH Electronics executive chairman Quek Chek Lan has sold nearly all his shares in the troubled Sesdaq group, which recently reported financial irregularities. One million shares were sold at 12.5 cents apiece on Oct 16, and on the same day his
        102 words
    • Article, Illustration
      Lock icon Tapping the equity in your home
      800 6 Asset rich but cash poor in retirement? Here's what you can do with your property HOME ownership is the goal of most Singaporeans who work to paydown their mortgage loan and ultimately own their home by the time they retire. But consider this: Most
      FILE PHOTO  -  800 words
  • Article
    Lock icon KLSE
    5 6 Transaction date: Oct 17
    5 words
  • Article
    Lock icon SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS
    785 6 febtMtW In teal Ma VulDiiXMA Tim* 1N*rMiHi M Stara Mr Mm Ahar Hixt On Olrwr C—» "**0 Ih I 0*9*8 r*99l Pa ua 15-Ot101 C*U4» Hup t«dgt Buy 1800 Ott OOOO 32 2 MIOO 11J COM) LJrJ 15-OclOJ umT« Sad 35 044 WO 0 1 9 1
    785 words
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  • money personal investment
    • Article
      Lock icon Some half truths about whole life plans
      979 7  -  By Genevieve Cua A FUNNY thing happened earlier this week, when I was at a bank to arrange a mortgage protection plan. I decided to enquire about life protection for myself as I had been told that I was under-insured. So I asked
      979 words
    • Article, Illustration
      Lock icon Investment strategies looking ahead
      1268 7  -  Diversified portfolios, discipline and flexibility in making quick decisions are the keywords, says V ANANTHA NAGESWARAN V ANANTHA NAGESWARAN IN 2001 and 2002, global equity investors who invested in line with the market capitalisation of global stock markets suffered heavy losses. Such an investment approach is
      Source: Bloomberg  -  1,268 words
  • Article
    Lock icon UNIT TRUSTS & FUNDS
    53 7 UNIT TRUSTS FUNDS LEG£ND All prices ere IndhMh* eacept for E« Kingg* Assets. Broe«*y Diversified; I Narrowly FocuMd; t Umw *rsk. A Low to Medium Kisk. ft Medium to High Itafc" Higher Rsk;* open-ended;* Before subdivision of units; tit After subdivi»on of units; V after stock split N.A-NonDeakng Day; Root
    53 words
  • Page 7 Advertisements
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  • news at home
    • Article, Illustration
      Lock icon Gallup to expand operations and set up campus in S'pore
      411 8  -  BT exclusive Republic seen as an important hub for management consultancy in the region By Daniel Buenas THE Gallup Organisation sees a bright future for the management consultancy industry. It plans to capitalise on the impending growth by expanding its
      CHRIS LOH  -  411 words
    • Article
      Lock icon Icpas, Aussie counterpart seek mutual recognition
      461 8  -  Corporate governance code to stay for now: Pillay By Serena Ng THE Institute of Certified Public Accountants of Singapore (Icpas) is working towards a mutual recognition agreement with its counterpart in Australia that would enable qualified Singapore accountants to practise Down Under. In a
      461 words
    • Article
      Lock icon EZ-Link improves handling of top-up rejections
      207 8  -  MAILBAG Nicholas Lee Senior Vice-President Business Technology EZ-Link Pte Ltd I REFER to the letter, "Unsigned letter and unhelpful reply" (Mailbag, Oct 16). The Auto Credit Card Top-up scheme is managed by EZ-Link Pte Ltd. This scheme was introduced on Aug 21 with the
      207 words
    • in brief
      • Article
        Lock icon Cheaper cover for public officers
        90 8 NTUC Income has reduced insurance premiums for public officers by up to 25 per cent. From just 60 cents a month, civil servants and statutory board employees can be covered for up to $300,000 under the Public Officers Group Insurance Scheme (POGIS). NTUC Income, which
        90 words
      • Article
        Lock icon 'Roar Round Singapore' free
        93 8 THE Singapore Tourism Board has introduced a new free shuttle tour service for transit passengers at Changi Airport. Known as the "Roar Round Singa- pore" programme, it will allow such passengers to take a peek at Singapore before their next flight. They need to have at
        93 words
      • Article
        Lock icon KL-S'pore meet on Sars
        69 8 OFFICIALS from Singapore and Malaysia met yesterday for a fourth round of bilateral talks on Sars. They exchanged information on contingency plans to deal with a possible northern winter resurgence of the virus and agreed there is a need to remain vigilant. Both sides reiterated the
        69 words
    • Article, Illustration
      Lock icon DBS launches black card
      141 8 DBS Bank has just launched its black credit card, with a colourful burst of promotional activities that includes setting up base at Far East Square. The benefits of the Black Card meant for those who earn at least $48,000 a year include a faster way to
      141 words
    • Article
      Lock icon Promotions at Far East Square
      130 8 KEEN to find out more about the DBS Black Card? Then head down to Far East Square from Monday and you'll run right into a hive of promotions and offers. DBS chose Far East Square to promote its Black Card because of its prime CBD
      130 words
    • Article, Illustration
      Lock icon CBRE S'pore exec director to head Tokyo operations
      364 8  -  BT exclusive By Andrea Tan CHRISTOPHER Fossick, a CB Richard Ellis veteran in Singapore, will head the property consultancy's Tokyo operations from Jan 1 next year. CBRE, one of the world's largest real estate agencies, is setting up a Tokyo office as
      364 words
    • Article
      Lock icon Ex-SBS director heads local group
      192 8 Phua Tin How joins China tourism investor Straco PHUA Tin How, who resigned from SBS Transit suddenly in January, has resurfaced as head of Singapore consortium Straco. Mr Phua, 52, was group president of DelGro until Jan 1 before becoming executive director of SBS Transit,
      192 words
    • Article, Illustration
      Lock icon Crouching execs, hidden entrepreneurs in GLCs
      740 8  -  Management buyouts are the key to unlocking all that potential, a banker tells ANNA TEO ANNA TEO TOO few entrepreneurs in Singapore? Look in the senior management ranks of the large corporations. particularly the gov-ernment-linked companies, says a venture capitalist. Therein lies a potentially
      FILE PHOTO  -  740 words
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      Lock icon Page 9 Advertisements Column 1
      637 9 Notices IN THE MATTER OF THE COMPANIES ACT. CAP. SO AND IN THE MATTER Of JBS A PARTNERS PTE LTD NOTICE TO CREDITORS OF FIRST MEETING (CREDITORS' VOLUNTARY WINDING UP) The f»rst creditors' meeting of the compony will be held at 1 North Bridge Road #23-01 High Street Centre Singapore
      637 words
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      Lock icon Page 9 Advertisements Column 2
      179 9 IN THE MATTER OF THE COMPANIES ACT (CAP. 50) AND IN THE MATTER OF LOYANG DEVELOPMENT PTE LTD (In Members' Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 306 of the Companies Act. Cap. 50, a Final Meeting of members of the abovenamed Company
      179 words
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      6 9 lianhe Zaobao I I not*. I
      6 words
  • news region
    • Article, Illustration
      Lock icon Bush repeats strong US$ stance
      474 9  -  US President again pushes for market-determined exchange rates in meeting with Koizumi From Anthony Rowley in Tokyo US President George W Bush last night confirmed his support for a "strong dollar" and said that markets should determine exchange rates. In closed-door talks in Tokyo with
      AFP  -  474 words
    • Article
      Lock icon HK's Tang not likely to resort to tax hikes
      562 9  -  Analysts say current rebound will take heat off deficit From Jeff Wagner in Hongkong HONG Kong'S Financial Secretary Henry Tang will next week outline his strategy to reduce a bulging fiscal deficit further aggravated by this year's Sars outbreak, but is
      562 words
    • Article
      Lock icon Trade, terror dominate Pac Rim talks
      511 9 Thailand proposes accelerating target date for free trade Reuters [BANGKOK] Trade and terror dominated talks among Pacific Rim foreign ministers in Bangkok yesterday after host Thailand proposed to bring forward by five years a goal to free up trade among their 21 economies. Finishing
      Reuters  -  511 words
    • Article, Illustration
      Lock icon Taipei skyscraper declared world's tallest building
      194 9 AFP [TAIPEI] Taipei's skyline is officially home to the world's tallest building, the city's mayor said yesterday, after clambering to the top of an near-built skyscraper that now overshadows Malaysia's Petronas Twin Towers. Although the 508 m Taipei 101 is still under construction, the
      AFP  -  194 words
    • Article
      Lock icon Beijing to have tallest Ferris wheel by 2007
      157 9 Reuters [BEIJING] China's lofty talk of space tourism may take a while to materialise but, come 2007, Beijingers could be in orbit aboard the world's tallest Ferris wheel. A 210-metre, US$lOO million wheel will soar over the capital's often-hazy skyline by the
      Reuters  -  157 words
    • in brief
      • Article
        Lock icon HSBC faces union opposition to layoffs
        131 9 Bloomberg [LONDON] HSBC Holdings pic, the world's secondbiggest bank by market value, faces trade union opposition to plans to eliminate 4,000 more jobs in the UK as it shifts work to lower-cost sites in Asia. "We will consult our members to see if they
        Bloomberg  -  131 words
      • Article
        Lock icon Bangkok's energy pacts
        77 9 AP [BANGKOK] Thailand's ambitions of becoming an energy-trading hub in South-east Asia will get a boost when it signs energy cooperation agreements with the Philippines and China over the weekend, an official said yesterday. The agreements are set to be signed today on the sidelines of the
        AP  -  77 words
      • Article
        Lock icon Krung Thai Bank profit surges 65% in Q3
        117 9 Reuters [BANGKOK] Thailand's largest state-run bank, Krung Thai Bank pel. reported a better than expected 65 per cent rise in third quarter net profit yesterday due to stronger loan growth and a revaluation of assets. The top lender, 63 per cent owned
        Reuters  -  117 words
      • Article
        Lock icon Ford's US$1.5b plan to boost China ops
        76 9 AP [BEIJING] Ford Motor Co yesterday announced an expansion of its China operations that will cost up to US$l.5 billion and boost car production from 20,000 a year to 150,000. The US carmaker and its Chinese partner, Changan Automobile Group, will expand production
        AP  -  76 words
      • Article
        Lock icon MetLife to set up joint venture in China
        84 9 AFP [SHANGHAI] US-based Metropolitan Life Insurance Company will set up a joint venture life assurance company with Capital Airports Holding Co on the Chinese mainland, giving the US insurer access to a fast-growing and potentially enormous market. The new Beijing-based company, Sino-US
        AFP  -  84 words
      • Article
        Lock icon Wipro profit up 4.4% to 2.3b rupees
        91 9 Reuters [BANGALORE] Wipro Ltd said yesterday that its quarterly profit rose 4.4 per cent, in line with expectations, as India's third-largest software services exporter benefited from stable billing rates amid improved demand from telecom clients. Wipro reported a net profit of 2.3 billion
        Reuters  -  91 words
      • Article
        Lock icon China's retail sales recover from Sars
        90 9 AFP [BEIJING] China's retail sales, the main measure of private consumer spending, recovered from the Sars epidemic in the third quarter to rise 9.7 per cent from a year earlier, the government said yesterday. The figure compares with just 6.7 per cent growth in
        AFP  -  90 words
    • Article
      Lock icon Syed Mokhtar's Johore Tenggara to buy plantations
      317 10 Reuters [KUALA LUMPUR] Malaysia's Johore Tenggara Oil Palm Bhd plans to buy Tradewinds (Malaysia) Bhd's plantations in an all stock deal, sources said yesterday. The transaction is part of a bigger plan by tycoon Syed Mokhtar Albukhary to group his plantation and sugar
      Reuters  -  317 words
    • Article, Illustration
      Lock icon Thai brokers bracing for takeovers
      586 10 Country has 37 brokerages, while the authorities think 16 would be appropriate Reuters [BANGKOK] Thai stock brokers are bracing for a wave of consolidation after last week's surprise deal by its second-largest brokerage, ABN Amro Asia Securities, to buy rival Asset Plus Securities, analysts say.
      Reuters; Source: Bloomberg  -  586 words
    • Article, Illustration
      Lock icon Taiwan's Richard Chang spearheads China's challenge
      560 10 SMIC chief ready to take on big boys in semiconductor industry Reuters [SHANGHAI] Taiwan-born chip industry veteran Richard Chang, who became a pioneer in China's young semiconductor sector by setting up the country's biggest and most advanced foundry, is now ready to take on
      Reuters; FILE PHOTO  -  560 words
    • Article
      Lock icon China's 9.1% Q3 growth fuels fear of overheating
      442 10 Reuters [BEIJING] China's economy roared ahead in the year to the third quarter, recording scorching growth that will fuel concerns that the world's sixth-biggest economy is overheating. Gross domestic product rose 9.1 per cent between the third quarters of 2002 and 2003,
      Reuters  -  442 words
    • Article
      Lock icon Moody's upgrades China's rating
      92 10 [HONG KONG] Moody's, the international credit rating agency, has raised its rating for China, giving it a boost ahead of its first international bond issue in two years, the Financial Times reported yesterday. China's rating on foreign currency debt went from A3 to A 2. Moody's
      92 words
    • Article, Illustration
      Lock icon China boom lures industry park firms
      511 10 Reuters [BANGKOK] Southeast Asian industrial estate developers are moving into China, hoping to profit from a surge in foreign investment in the world's fastest growing major economy despite past failures. Rojana Industrial Park inked a deal in August with Changzhou authorities to develop a
      Reuters; FILE PHOTO  -  511 words
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  • Article, Illustration
    Lock icon FINANCE
    620 10 Transaction date: Oct 17 DfTERBAMK CURREMCT RATES Aqainst S$ Against US$ Against S$ Against US$ Currencies Bid Offer Bid Offer Currencies Bid Offer Bid Offer SS43S to too S&'US$ to one unit of foreign currency: unit* of foreign Australian dollar ***** ***** 0.6892 0.6897 17 Canadian dollar 1.3198 1.3207
    620 words
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  • Article
    Lock icon STOCKS ASIA
    7 11 i Transaction date: Oct 17
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  • news world
    • Article
      Lock icon Most NYSE directors to be replaced
      603 11 Plan calls for regulatory system to report to independent directors NYT [WASHINGTON] John Reed, the interim head of the New York Stock Exchange, intends to overhaul the exchange's board soon, by removing most of its directors and having its regulatory apparatus report only to
      NYT  -  603 words
    • ibrief
      • Article
        Lock icon Samsung's profit increases 6.6% in Q3
        101 11 Reuters [SEOUL] Samsung's third-quarter profit rose a better-than-expected 6.6 per cent on record sales of chips for phones and computers. It earned 1.84 trillion won (552.7 billion) net profit in Q3, topping analysts' forecasts of 1.64 trillion won. It is benefiting from booming demand
        Reuters  -  101 words
      • Article
        Lock icon Qwest re-audit trims US$2.5b
        76 11 NYT [DENVER] Telephone company Qwest Communications International, under investigation by federal regulators for the past 19 months, on Thursday completed the protracted reaudit of its books for 2000-02, wiping out US$2.5 billion in improperly logged revenue and announcing it opened settlement talks with securities regulators. By
        NYT  -  76 words
      • Article
        Lock icon Sony, Samsung in final talks on venture
        100 11 Bloomberg Reuters [TOKYO] Sony Corp and Samsung Electronics said they are close to agreeing on a 200 billion yen (553.2 billion) venture to make flat-screen displays used in televisions and computers. "We expect to make an announcement in the next few days," Chu
        Bloomberg; Reuters  -  100 words
      • Article
        Lock icon Kmart fires PwC as its independent auditor
        58 11 Reuters [NEW YORK] Discount retailer Kmart Holding Corp said on Thursday it has dismissed PricewaterhouseCoopers LLP as its independent auditor, citing the need for change as the company reorganises its opetitions. Kmart, which emerged from bankruptcy earlier this year, appointed BDO Seidman LLP
        Reuters  -  58 words
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      Lock icon New ECB chief to test stability mantra
      476 11 Reuters [PARIS] Jean-Claude Trichet, the Frenchman who will run the European Central Bank for the next eight years, admits he is obsessed with stability, whether it's supermarket prices, the euro's exchange rate or just the way he speaks. Mr Trichet once fought so
      Reuters; REUTERS  -  476 words
    • Article
      Lock icon Equitable to pursue claims against directors
      144 11 Reuters [LONDON) England's high court ruled yesterday that assurer Equitable Life may proceed with a £3.3 billion (559.6 billion) negligence claim against nine ex-direc-tors. Equitable, which nearly collapsed in 2000 after the courts ordered it to honour costly, guaranteed annuity policies, has accused the
      Reuters  -  144 words
    • Article
      Lock icon Apple scores with music downloading software
      364 11 NYT [SAN FRANCISCO] Striking an alliance with Time Warner's America Online service and a promotional agreement with Pepsico, Apple Computer unveiled its iTunes software for Windows computers on Thursday in an effort to capture a larger share of the market for downloading digital music.
      NYT  -  364 words
    • Article, Illustration
      Lock icon Low corporate spending a drag on tech rebound
      529 12 But tech firms that sell to consumers, like Apple and Ebay, are doing well Reuters [SAN FRANCISCO] Consumers may be buying lots of wireless gadgets and portable music players, but technology company profit reports this week make it clear corporations have yet
      Reuters; AFP  -  529 words
    • Article
      Lock icon US panel highlights risks of biotechnology
      217 12 NYT [NEW YORK] Laying a broad basis for possible future prescriptions, the President's Council on Bioethics on Thursday issued an analysis of how biotechnology could lead to unintended &id destructive ends. Called "Beyond Therapy: Biotechnology and the Pursuit of Happiness", the report concerns present
      NYT  -  217 words
    • Article
      Lock icon Wall Street profits, job prospects up
      327 12 Media, health care, and derivatives sectors are hiring Reuters [NEW YORK] Calling it a "jobless" recovery is now only half-true on Wall Street, where healthy profits and a slowly improving economy have inspired a nascent turnaround in hiring. experts said. Banks and brokerages are
      Reuters  -  327 words
    • Article, Illustration
      Lock icon New NY Fed chief deft in int'l policy
      279 12 Reuters [NEW YORK] Timothy Geithner, who was named on Wednesday as the new head of the powerful New York Federal Reserve Bank, will be a youthful face at the central bank's policy-setting meetings, but carries with him a wealth of experience in
      Reuters  -  279 words
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  • style sports
    • Article, Illustration
      Lock icon Battle of the conflicting No 10's
      536 13  -  The England versus South Africa game promises to be a pivotal one in the run-up to the Rugby World Cup finals, says JUSTIN SAMPSON JUSTIN SAMPSON TODAY'S England versus South Africa game in Perth is probably the tournament's second biggest game behind the final
      AFP; AP  -  536 words
    • Article, Illustration
      Lock icon Beware soccer's hypocrites in sack cloth
      692 13  -  frankly speaking walton morais HAVEN'T we had enough of this madness: prying TV cameras threatening to send entire teams out of action in major soccer competitions. Just how many more players and how many more teams do we have to slaughter before somebody decides
      692 words
    • Article, Illustration
      Lock icon Put your short game to the test
      704 13  -  By Ven Sreenivasan DRIVE for show, putt for dough. So the saying goes. If you can't drive off the tee to save your life, but have a short game "to die for", here's your chance to cash in. During the next two weeks,
      704 words
    • Article
      Lock icon Defining moment for baseball's King George
      909 13  -  His decisions are vindicated as New York Yankees beat the Boston Red Sox in game that comes down to the wire By William Rhoden NYT [NEW YORK] Just when George Steinbrenner thought he'd seen everything in baseball, conquered most mountains, slain and purchased his
      NYT  -  909 words
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  • style motoring
    • Article, Illustration
      Lock icon wind in their hair
      826 14  -  That and the sheer power of a Porsche car has driven several owners in Singapore to buy new convertible models. SAMUEL EE reports SAMUEL EE A FEW Porsche owners will be going topless in Singapore very soon. Up to 10 units of high-end convertibles are expected
      826 words
    • Article, Illustration
      Lock icon Room at the top
      105 14  -  By Samuel Ee VOLVO distributor SM Motors yesterday launched the top-of-the-line version of its SBO flagship the SBO Executive. Said to be the most exclusive Volvo of all, it combines a luxurious interior with the sophisticated Four-C active chassis. Four-C stands for Continuously Controlled Chassis Concept
      105 words
  • Article
    Lock icon SGX
    796 14 Transaction date: Oct 17 TURNOVER ('000) VALUE ('000) HUfai Sdq Tetal Ma* Xtq Tetal Mutti Ind 91.599 91.599 59.857 59.857 Manufacturg 635.721 124,776 760,497 473.745 37.587 511.332 Commerce 223.220 134.163 357.383 78.934 71,375 150.309 Tpt/Stor/Com 305,839 2.923 308.762 197,991 2.584 200,575 finance 78.036 78,036 219,705 219.705 Construction 72,819 50,721
    796 words
  • Article
    Lock icon SGX SESDAQ
    2193 14 52 Wk Tel Last Vol Day List Quote GrOrv 0i« GrVM MM MCap 52 Wk Tel L»t Vol Day Grt*. Ow GrYW MM MCap low Code Company Sale W- COOP) Wegfc Law Buyer Sefc. CV Pit M M+ law Code Cowyany Sale TOW) low Bqr» Soger s Cw
    2,193 words
  • Article
    Lock icon BONDS & WARRANTS
    33 14 BONDS WARRANTS LEGEND S#i4m stocks* Currancy typa Mtca<*4 at an* a* warrant mom far thaaa tradad ti"H« currency. C*aret(a»rtea«ara»untadln(«nac«irrancYastradM»«»rtea(a«ra(#actt»aiimn(lidras. c CanvartlMa laan (tacks, bonds and a Ui«ean»aft»la laan (tacks. kands an* iotas. natas.
    33 words
  • Article
    Lock icon CLOB INTERNATIONAL
    188 14 52-Wk Tel Lwt Vol Day Lact Quote GrOw on GrTM Met MCap LOf Co4« Cawjwy W- fWII law *»qfr Cw M 179 86 6000 AVJennmgsA2Sc A179 627 179 172 178 180 40 8 8 56 6 8 3B5 3 6001 CathayPac20cHK720 *5 2.1 7.4 6 ***** j 6002
    188 words
  • Article
    Lock icon SGX XTRANET
    222 14 UM Td Lat M Day UMQuotc GrfMv Ot* GrVM MM MCap HM, a*. Co4» cmmm, WW- flMt H» UK >n» Mhi Cw %WtU 9600 89 G065 Dvimoods US2060*0 2120 3750 3740 6095 ISDJUSTeth US3740 6097 ISMSCISpcre _..USS55 MS 84.5 6101 ISS4P500 USM5 880 9650 9650 6170 SPDRS US9650
    222 words
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  • style health
    • Article, Illustration
      Lock icon dealing with allergies
      865 15  -  IRFAN QURESHI discusses common causes, testing and remedies for allergies IRFAN QURESHI F you have asthma, sinus- itis or eczema, chances are you have allergies. If you HKj suffer from arthritis, indii gestion, depression and B chronic fatigue, chances are you may also have al- lergies. Allergies
      865 words
    • Article
      Lock icon You are (still) what you eat
      849 15  -  Crash diets often lose track of what's crucial to losing weight that is, a balanced diet with calorie restriction and good digestion, writes SEAMUS PHAN SEAMUS PHAN WE are constantly bombarded by polarised views about the "best" way to diet for a lean, toned
      849 words
  • Article
    Lock icon SGX MAINBOARO
    13 15 Transaction date: Oct 17 for live prices, log on to wwu\asiajonemarkets£om
    13 words
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  • style shopping
    • Article, Illustration
      Lock icon prada marches on
      1035 16  -  New markets in Asia are fuelling growth for Italian powerhouse Prada, as the luxury brand opens stores around the region along with a gleaming new flagship 'epicentre' in Tokyo. CORINNE KERK reports CORINNE KERK BY the time 2003 comes to a close, Prada, the 90-year-old Italian fashion
      1,035 words
    • Article, Illustration
      Lock icon Well suited
      749 16  -  Ermenegildo Zegna co-chairman Paolo Zegna talks to CHEAH UI-HOON about the group's strategy of expansion by partnership CHEAH UI-HOON THE first generation started off in the textile industry, the second generation founded the family company, the third generation moved into ready-to-wear, now, the fourth generation of the Ermenegildo
      749 words
    • in store
      • Article, Illustration
        Lock icon sneak peek
        124 16 Wear and repair Fancy getting your skin cells repaired even as you're walking out to lunch? That's what Clinique claims it can do with its new Repairwear Day SPF15 Intensive Cream Lotion. The product is pitched as a new level of anti-ageing solution that helps improve the look
        124 words
      • Article, Illustration
        Lock icon Pass the shaker
        42 16 Shake up your dining table setting with this arty set of salt and pepper shakers. Made in Thailand, the porcelain pieces measure 10cm tall and come with a toothpick holder. It costs $29 90 at Ig's Heaven, CityLink Mall.
        42 words
      • Article, Illustration
        Lock icon Cool blues
        39 16 Fill your day with sunny sky blues with this embroidered three-quarter sleeved blouse. Aptly called Mcblues. it's on sale at $29.00. Available in four colours, while stocks last, at John Little, including Compass Point and Causeway Point.
        39 words
      • Article, Illustration
        Lock icon Sweet and sporty
        47 16 If you like slinking around town in sports gear, this pair of rubber-soled suede sneakers might be a perfect match with your Juicy Couture sweats. Plus, it's comfy enough for a long walk around town. Priced at $129 at Hue, including at Millenia Walk.
        47 words
      • Article, Illustration
        Lock icon talkshop
        220 16  -  Compiled by MIKE CHUA, CORINNE KERK Millenia Walk Moshi Moshi Jewellery: Shop for a cause. Purchase a Moshi Moshi Pink Hope Bracelet in aid of breast cancer awareness. Proceeds will be donated to the Breast Cancer Foundation. Devi Fusion Opening: Making its debut in Singapore, this new concept restaurant
        220 words
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  • style pursuits/wine&dine
    • Article, Illustration
      Lock icon entertainment guide
      1278 17 Going out or staying in this weekend? We round up some recommendations spotlight books 7w. Historic contribution m Awarded the OBE for his role in fighting the Japanese during the World War II, Chin Peng, as secretary-general of the Com.'. munist Party of Malaya (CPM), later became the
      ARTHUR LEE  -  1,278 words
  • Page 17 Advertisements
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      778 17 wine&dine with weekendßT Asian Wok Hoshl Japanese Restaurant Mwllus Mandarin Singapore Malay heritage. Savour the popular cultural mix of the 45 Boat Quay. Tel: 6532 9006 #03-01IMM Building. Tel 6425 0520 333 Orchard Road. Tel: 6737 4411 Peranakan cuisine: an eclectic Wend of special Savour a sumptuous spread of Asian
      778 words
  • Page 17 Miscellaneous
    • Miscellaneous
      Lock icon Page 17 Miscellaneous Column 1
      299 17 CRYPTIC CROSSWORD ACROSS 5 Stupid fellow in favour among the woodwinds (7) 1 Fraudulent devised build- 6 |rs a Nexl a gjrl (5) 6 Wisely'arch about how old 7 Sh,n f ,n 9 brat ea one is (6) 5 4 9 Still a cause of poor recep- 8 Slash material
      299 words
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  • style food
    • Article, Illustration
      Lock icon haute cooking by the book
      973 18  -  St Pierre's star chef Emmanuel Stroobant gives home cooks a helping hand with his latest venture. JAIME EE reports JAIME EE EMMANUEL Stroobant could be a poster boy for chefs. Chiselled features, peroxide blond hair and near-manic enthusiasm to match, the chef/owner of awardwinning restaurant
      CHRIS LOH  -  973 words
    • Article, Illustration
      Lock icon Bad-boy chef at large
      898 18  -  GEOFFREY EU meets the hard-boiled star of Discovery's hit series A Cook's Tour GEOFFREY EU IT'S not often that being rude, crude and borderline psychotic will bag you a hit cable TV series that requires a lot of swanning around in exotic locations in search of
      898 words
    • Article, Illustration
      Lock icon A bird's nest in hand...
      652 18  -  can be worth quite a bit in both market and nutritional value, as CHEAH UI-HOON learns at Eu Yan Sang CHEAH UI-HOON MANY from the "earlier" generations do swear by the medical properties of bird's nest. My aunt vividly recalls, as a teenager, that she
      652 words