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BUSINESS TIMES, 16 August 2003

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Masthead [TITLE SECTION]

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MfTA (P)024/03/2003 85c THE BUSINESS TIMES weekend SINGAPORE AUGUST 16-17. 2003

Analysis expect CPF cuts, but in stages [ARTICLE]

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Analysis expect CPF cuts, but in stages They see PM Goh spelling out changes at his National Day Rally speech, which may include dropping wage cap for CPF payments further to $4,000 By Angela Tan [SINGAPORE] When Prime Minister Goh Chok Tong goes on stage tomorrow to deliver his National

Intelsat moves Asia HQ from US to S'pore [ARTICLE]

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Intelsat moves Asia HQ from US to S'pore EXCLUSIVE Company planning IPO in Q2 next year with NYSE listing By Raju Chellam [SINGAPORE] As most big global companies consider shifting their regional headquarters closer to their largest customers in India, China or Japan, the world's second-largest satellite company, Intelsat, has

Singaporeans have to shake off their 'salaried mentality' [ARTICLE]

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Singaporeans have to shake off their 'salaried mentality' saturdaysoapbox with dinesh sonan "W" F you can't evolve, big as you I are, or prosperous as you may I be, you die like the dinosaurs." _1_ Those are the stark terms in which Prime Minister Goh Chok Tong has defined the

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V RAFFLES P^^^B>4!ONVEIISIIIIIIN if' Robin Tbmlin's full If repertoire. MBE 3 1111 8 "*****1 *****4 newsbreak Cut costs now to regain edge: SM [SINGAPORE] Singapore must act immediately to cut costs in order to stay competitive, said Senior Minister Lee Kuan Yew at the Tanjong Pagar Constituency's National Day Celebration

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MOTORING beauties: fast and furious. PMSE 14 FOOD to a 12-month high. PAGE 4 v > b, >; v '.I Kttgp- 1 1 f-:•' f > 3ks J K fc—v. **th BLACKOUT REPORTS. Pn.i;os 2 11

news front

US blackout a mere hiccup: economists [ARTICLE]

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US blackout a mere hiccup: economists Economy should be able to shrug it off or even get a small shot in the arm, but they will begin to worry if the outage continues into next week Reuters Bloomberg AP AFP [NEW YORK] The largest power blackout in North American history

Singapore has to cut costs now to regain its edge: SM Lee [ARTICLE + ILLUSTRATION]

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Singapore has to cut costs now to regain its edge: SM Lee He sees pickup when Bosh's tax cuts flow through to US consumers By Vince Chong [SINGAPORE] Countries that block the dynamics of the global economy will pay dearly. If Singapore is to avoid such a costly lesson, it

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US power outage disrupts flights, Pgll

the raffles conversation

A full repertoire [ARTICLE + ILLUSTRATION]

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A full repertoire As vice-chairman, Asia at UBS, he coordinates the selling of the Swiss giant's financial services and products. As chairman of the board of the Singapore Repertory Theatre, he oversees the selling of arts productions and other such non-profit concerns. Robin Tomlin tells PARVATHI NAYAR how he interfaces

High risk, high returns in Forbidden fruit [ARTICLE + ILLUSTRATION]

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High risk, high returns in Forbidden fruit IT'S that whole story about frogs and hot water, says Mr Tomlin: "If you drop a frog into boiling water it dies, but if you gradually keep increasing the temperature without reaching boiling point, it can take a lot more than it thought

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Raffles' INTERNATIONAL I lotels i\: 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

news companies

Creative shares surge to a 12-month high [ARTICLE + ILLUSTRATION]

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Creative shares surge to a 12-month high Rise spurred by turnaround in firm's results, bullish reports by 2 brokers By Serena Ng IT was sweet music for Creative Technology this week as shares in the soundcard maker rocketed up by more than a fifth in a five-day bullish run not

Local banks riding high on interest rate hopes [ARTICLE + ILLUSTRATION]

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Local banks riding high on interest rate hopes corporate analysis Foreign lenders may now be forced to rein in undercutting strategies, says Siow Li Sen Siow Li Sen INVESTORS have been piling into the shares of DBS Bank, betting that the bank with the largest and low-est-cost deposits will get

A familiar ring as SU flirts with 1,600-level [ARTICLE + ILLUSTRATION]

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A familiar ring as SU flirts with 1,600-level market review r sivanithy THERE are remarkable parallels between this week and the one that ended on July 18, which was the last time the Straits Times Index threatened to break above the 1,600 level but failed to do so. First, that

MARKETS [ARTICLE]

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MARKETS □sn 1,594.32 (-4.65) ST INDEX FUTURES 1,892.00 (-9.00) SIMSCI FUTURES 196.50 (-0.80) Friday Changi* kl.SKCOMP 72H.5I 1 <15 NIKKKI ».m347 -MM HANG SENCi _10.***** »50.54 SET INDEX 5191»4 *021 JAKARTA (XtMP _5I1«5 .«52 MANILA OMP I24K05 IK25 TAIPEI WPI 5.4KX74 «5I «W SEWLCOMP rkiwd SHENZHEN B... 232 W *012

FINANCE [ARTICLE]

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FINANCE FOREX RATES US$ S$ I SS (SS per I S$) 1.748 £(I SS/SS per i|... W ±**1 Kl KO|l"SS/SS/Kj. I I* 1969 YEN 119.0 68.10 KM 3 *00 1174 HKS 7799 4.461 HAHT 4164 #82 Rl PI AH 8.538 4.883 MM 8.299 4.747 INDIAN HB 45.89 2624 AS 0869

corporateroundup

Serial System back in Mack [ARTICLE]

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Serial System back in Mack COMPONENTS distributor Serial System has returned to the black for the six months ended June, posting a net profit of $1.5 million against a net loss of $2.9 million in the same period a year ago. Turnover more than trebled to $157.9 million from $49.4

Links Island posts $2.9m HI loss [ARTICLE]

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Links Island posts $2.9m HI loss DREDGING and land reclamation firm Links Island Holdings yesterday posted a not loss of $2.9 million for the six months ended .June, versus a net profit of $398,000 in the year ago period. Turnover slumped 58 per cent to $2.4 million as the company

ASJ HMgs interim profit up 5% [ARTICLE]

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ASJ HMgs interim profit up 5% ELECTRONIC component manufacturer and distributor ASJ Holdings achieved net earnings of $3.7 million in the half-year ended June 30. a 5.1 per cent year-on-year increase, largely on the growth of its distribution business. Revenue rose 4.9 per cent to $24.5 million.

Tung Ink loss narrows [ARTICLE]

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Tung Ink loss narrows RESTAURATEUR Tung Lok Group narrowed net losses to $287,000 for the half year ended June 30 from $828,000 in the same period a year ago. This was despite a 12.2 per cent decline in turnover to $29.3 million. The company blamed the sales drop on the

S8S Q2 earnings plummet 85% [ARTICLE]

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S8S Q2 earnings plummet 85% SBS Transit's net earnings for the second quarter ended June 30 went into reverse gear, falling 85.t> per cent year on year to just $762,000 from $5.3 million. Net earning?, for the half year consequently fell 33.H per cent to $10.7 million. The bus and

Chuan Hup profit down 13% [ARTICLE]

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Chuan Hup profit down 13% MARINE group Chuan Hup Holdings reported a 13 per cent drop in net profit to $48.8 million for the financial year to June 2003 from a year ago. Turnover rose 4.5 per cent to $171.1 million.

Mediaßing cuts interim loss [ARTICLE]

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Mediaßing cuts interim loss MAINBOARD LISTED Mediaßing reduced net loss by 47 per cent for the half-year ended June 30 to $3.8 million from $7.2 million a year ago. Revenue grew 26 per cent to $20.9 million.

IPC Corp HI net plunges 83% [ARTICLE]

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IPC Corp HI net plunges 83% INFORMATION technology vendor IPC Corporation saw net earnings plunge B3.6 per cent year on year for the half year end ed June 30 to $740,000 from $4.5 million. This whs despite a modest 9.2 per cent in crease in revenue to $12.2 million from

Surface Mount raises loan [ARTICLE]

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Surface Mount raises loan SURFACE Mount Technology has signed a four-year loan agreement with a syndicate of 19 banks and financial institutions to raise HK$438 million (S$98.2 million) for a revolving credit and term loan facility.

SiA's luxury non-stop flight to US [ARTICLE]

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SiA's luxury non-stop flight to US SINGAPORE Airlines will offer a first and business-class only non stop flight to the United States early next year, said a Reuters report. Quoting industry sources, the report said the flight will be a first for Asia, although such luxury flights have been offered

Ipco forms joint venture in India [ARTICLE]

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Ipco forms joint venture in India CONSTRUCTION group Ipco International has entered a joint-venture agreement in India with Nieto Ltd. a subsidiary of Malaysian group Menang Amalgamated. Ipco said it will make a capital investment of $1 million, representing a 30 per cent equity stake in the joint venture, and

GK Goh Q2 earnings soar [ARTICLE]

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GK Goh Q2 earnings soar BROKING firm GK Goh said net earnings in the second quarter rose to $7.5 million from $1 million year on year as trading volumes increased significantly after the middle of May. Turnover for the half year fell 27 per cent, dragged by a weak first

HL Fin too raises home loan rates [ARTICLE]

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HL Fin too raises home loan rates FOLLOWING the lead of the three local banks. Hong Leong Finance yesterday raised the home loan rates for its HomeBliss package. The interest rate for the first year in that package is now 1.5 per cent, a slight increase from the previous rate

DBS winning over M'sian corporations [ARTICLE + ILLUSTRATION]

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DBS winning over M'sian corporations It has won a clutch of syndicated loan deals denominated in US$ this year From Eddie Toh in Kuala Lumpur THERE are several reasons why DBS Bank has been snapping up loan mandates in Malaysia despite being the only Singapore bank without a full licence

SIA passenger load factor picks up [ARTICLE]

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SIA passenger load factor picks up Fare promotions, pent-up demand cited; cargo loads still weak By Ven Sreenivasan TRAVELLERS are taking to the skies again judging by the sequential pickup in load factor for Singapore Airlines. July saw a passenger load factor of 78.6 per cent for the carrier, up

Kingsmen eyes Sesdaq listing as part of expansion plans [ARTICLE + ILLUSTRATION]

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Kingsmen eyes Sesdaq listing as part of expansion plans By Serena Ng HOMEGROWN communication design and exhibition services group Kingsmen Creatives Ltd, known in the industry for its strong brand name, is eyeing a Sesdaq listing as part of its plans to expand its network in the region. The company,

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CSA HOLDINGS LTD Unaudited First Quarter Financial Statement Group 3 month* ended 30.06.2003 30.06.2002 Revenue 114.284 125,392 Cost of sales (77.522) (87.634) Gross profit 36,762 37 758 Other operating income 251 262 Selling, general and administrative expenses (36.834) (37.029) Proftt from operations 179 991 Finance costs (305) (367) (Loss) Profit

money personal finance

Take the currency route [ARTICLE]

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Take the currency route As Premium Currency Deposit gets more popular, TEH HOOI LING finds out the opportunities it offers TEH HOOI LING HERE'S the scenario. You have quite a bit of spare cash and you want to hold it in liquid form. But you also want a higher return

Funds ad rules thrown to the winds [ARTICLE + ILLUSTRATION]

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Funds ad rules thrown to the winds genevieve cua AT A time when many in the funds management industry are painfully conscious of tripping over the strict rules on fund promotion, some advertisements for investment products are a glaring anomaly. For instance, Great Eastern Life's ad recently screamed: "Want to

BT SHARE INFORMATION SERVICE [ARTICLE]

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BT SHARE INFORMATION SERVICE for week beginning Aug 11 o—m—r ww n» PMData I 135 Joo Seng Road J Sep HOOarr #08 01 PM Industrial luiing {world of t 10 Chang. South Lane 2ft Aug 3 30pm Sports 807-01. «SIA Building makral A Ballroom It. Level 2 29-Aug 12.00pn Corp

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p*T©tT| Lianhe Zaobao I Tertiary I I institution I I housed in Telok Blangah I I Community I I Club I I Rftflill I I I I I IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF QIN SHENG INVESTMENT INTERNATIONAL PTE LTD (INCORPORATED IN

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IT'S OFFICIAL. We're in cahoots. Si 01 W$ Announcing a merger? Call 1800-*****22 or email: notices@sph.com.sg to book your Notices advertisement in our newspapers now. IN THh MATTLR OF COMPANIES ACT. CAP 50 AND IN T HI-! MATTLK OF ACTIVF MERCHANDISING COMPANY PTE LTI) (MEMBERS VOI UNTARY LIQUIDATION) Al an

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I From tulips to new hanging lamps, find than all in The Straits Times Classified. CAXi Buy It Sdl It Find It

personal investment

Diversifying portfolio is the prudent way to invest [ARTICLE + ILLUSTRATION]

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Diversifying portfolio is the prudent way to invest By Genevieve Cua JUST THINK: If you can only time your entry in and out of markets, not only would you have avoided the worst of the last three years' carnage, you would also have reaped the profits from bonds simply by

Business strategy analysis [ARTICLE + ILLUSTRATION]

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Business strategy analysis show me the money This helps investors determine if current profitability is sustainable and make sound assumptions when forecasting future performance teh hooi ling ONE of the most important steps in analysing companies is business strategy analysis the purpose of which is to identify key profit drivers

Lowest forward P/E portfolio gains 5.9% [ARTICLE]

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Lowest forward P/E portfolio gains 5.9% By Teh Hooi Ling WITH the revival of local bourse, punters are seeking out undervalued stocks that are ripe for re-rating. This has benefited the portfolio made up of stocks with the lowest price relative to their exported earnings next year. The lowest forward

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focus cpf

Rethinking financial planning [ARTICLE + ILLUSTRATION]

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Rethinking financial planning RETIREMENT Prime Minister Goh Chok Tong is expected to announce a fine-tuning of Central Provident Fund rates in his annual National Day Rally address tomorrow. BT examines how this will affect your plans for the future With lower CPF contributions, there will be no margin for poor

Medisave account may get less funds [ARTICLE]

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Medisave account may get less funds HEALTHCARE But this may not have a big impact if cuts are temporary By Genevieve Cua A CUT in the CPF contribution rates if that occurs is expected to have a knockon effect on workers' healthcare, with correspondingly lower contributions to the Medisave account.

Big drop in investment funds unlikely [ARTICLE]

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Big drop in investment funds unlikely INVESTMENT Observers point to the vast amounts off untapped CPF funds By Wong Wei Kong CUTTING the Central Provident Fund contribution rate should not result in a significant drop in investments by CPF investors because there are still billions left untapped in the system.

Housing affordability won't slip much [ARTICLE]

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Housing affordability won't slip much PROPERTY But property sentiment will take a hit, say analysts By Andrea Tan SENTIMENT in the property market is expected to take a hard knock on fears that Central Provident Fund contribution rates will be cut. But affordability is unlikely to be dented much, analysts

news at home

Compensation provisions for acquired land under review [ARTICLE]

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Compensation provisions for acquired land under review PARLIAMENT Govt will seek to strike a balance between individual interest and public good: minister By Kalpana Rashiwala PROVISIONS in the Land Acquisition Act that state the basis of compensation will be part of a continuing review of legislation carried out by the

VW launches luxury SUV [ARTICLE + ILLUSTRATION]

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VW launches luxury SUV VOLKSWAGEN'S new luxury SUV-cum-off-road vehicle, the Touareg, has arrived in Singapore. The car was launched yesterday at a cocktail party attended by some3ooinvited guests at Laguna National Golf Club. Jointly developed by VW and sports-car maker Porsche, the Touareg boasts state-of-the-art technology, including six-speed automatic dynamic-shift

Sars measures relaxed [ARTICLE]

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Sars measures relaxed VISITORS to Singapore will no longer have to complete health declaration cards, and human movement between and within hospitals will be relaxed from Monday. With the improvement in the severe acute respiratory syndrome situation worldwide, the Ministry of Health has been relaxing precautionary rules since late July,

New stat board to help get jobless back to work [ARTICLE]

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New stat board to help get jobless back to work Workforce Devt Agency will assist in retraining, job hunt By Chuang Peck Ming [SINGAPORE] The Singapore Workforce Development Agency (WDA) a new statutory board set to take off next month will go the extra mile to get the unemployed back

Month-long Fumihiko Maki exhibition [ARTICLE]

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Month-long Fumihiko Maki exhibition AN exhibition on famed Japanese architect Fumihiko Maki's works rims at the URA Centre from today to September 19. Prof Maki was honoured as the 1993 Laureate of the Pritzker Architecture Prize, the highest honour presented to a living architect whose built work "demonstrates a combination

36 firms win tax reliefs for setting up base here [ARTICLE + ILLUSTRATION]

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36 firms win tax reliefs for setting up base here By Kenneth Lim SINGAPORE'S efforts to attract international shipping operators to set up regional bases here came full circle yesterday as the first recipient of the Approved International Shipping Enterprises (AIS) scheme became the first company to renew its tax-exempt

Motor vehicles boost June retail sales [ARTICLE + ILLUSTRATION]

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Motor vehicles boost June retail sales retail sales By Kalpana Rashiwala THE official retail sales index jumped 9.6 per cent year on year in June, but the bulk of the increase came from motor vehicle sales, which surged 21.5 per cent. Excluding motor vehicles, the index at constant prices that

FINANCE [ARTICLE + ILLUSTRATION]

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FINANCE Transaction date:Aug 15 IMTERBAItKCUREEifCT RATES Afatnst S$ Attest US$ Against S$ Aoatast US$ Cwwdts K Offtr Wd Otttr Camnckt BM Offtr Hd Offtf s*r>ss to too St'l'SS to on* unit of foreign currency: units of foreign ArtrtftaM* ***** 115.9 0.6582 0.6587 J™* #»—jfoajr 1MU ***** o ms 0 Tttt

news region

Security tightened for Apec talks after Hambali's arrest [ARTICLE]

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Security tightened for Apec talks after Hambali's arrest Reuters AFP Bloomberg [BANGKOK] Police have tightened security around an Asia-Pacific meeting in southern Thailand following the arrest of Hambali, the suspected mastermind behind deadly bombings in the region, including last week's blast at the JW Marriott hotel in Jakarta. Around 1,000

Ports in M'sia, China growing at the expense of S'pore, HK [ARTICLE]

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Ports in M'sia, China growing at the expense of S'pore, HK The WTO's Worid Trade Report 2003 sees this as one reason for the less dynamic performance of S'pore and HK in recent years [KUALA LUMPUR] The expansion in container traffic at ports in Malaysia and China is one reason

Low profile was a necessity [ARTICLE + ILLUSTRATION]

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Low profile was a necessity Syed Mokhtar talks about his survival after RM3b in shares and assets was reduced to RM600m in the 1997 crisis MALAYSIAN tycoon Syed Mokhtar Al-Bukhary the man behind PTP's success says he had to keep a low business profile in the last few years, as

Myanmar tells traders to use euros instead of US dollars [ARTICLE]

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Myanmar tells traders to use euros instead of US dollars Yen, Sing also allowed if trading partners agree AP [YANGON] Myanmar's military government, faced with a US ban on remittances to the country, has decreed that the euro and other currencies should be used in place of the US dollar

Jakarta unveils conservative draft budget for 2004 [ARTICLE]

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Jakarta unveils conservative draft budget for 2004 Focus on sustaining economy rather than expansion Reuters DEBT-LADEN Indonesia unveiled a conservative 2004 draft budget yesterday, forecasting an improving economy and shrinking deficit but lifting development spending to aid the country's impoverished masses. Analysts said the economic blueprint the first that will

INBRIEF

More TV competition in Malaysia [ARTICLE]

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More TV competition in Malaysia Reuters [KUALA LUMPUR] Malaysia's fifth broadcaster went on air yesterday, promising a stiffer fight for advertising in an industry seeing minimal revenue growth, analysts said. Channel 9, which targets young and urban English-speaking viewers, said it hoped to capture within a year 10 per cent

Lemon Coke Light recalled in HK [ARTICLE]

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Lemon Coke Light recalled in HK AFP [HONG KONG] Coca-Cola's Hong Kong franchise bottler has recalled a batch of cans erf its lemon-flavoured light soft drinks after particles were found in several cans of the beverage, the company said yesterday. Swire Coca-Cola Hong Kong has arranged for a product exchange

Shanghai's property prices still soaring [ARTICLE]

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Shanghai's property prices still soaring AFP [SHANGHAI] Property prices continue to soar at a record-setting rate in Shanghai, despite recent government efforts to cool the overheating market, state press reported yesterday. In July, housing prices jumped by the fastest rate in eight years, setting a record high with the city's

HK bankruptcy orders up 39% [ARTICLE]

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HK bankruptcy orders up 39% Bloomberg [HONG KONG] Hong Kong said personal bankruptcy orders rose 39 per cent in the first seven months of the year as the jobless rate reached a record 8.6 per cent In July, the number of bankruptcy orders fell 24 per cent from June, the

KLSE [ARTICLE]

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KLSE Transaction date:Aug 15

news world

Goldman report sees China revaluing yuan [ARTICLE]

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Goldman report sees China revaluing yuan Beijing may let currency strengthen to avoid criticism at G-7 meeting, it says Bloomberg [FRANKFURT] China may allow its currency to strengthen to avoid criticism at a meeting of Group of Seven (G-7) finance ministers next month, said Jim O'Neill, head of economic research

inbrief

SEC names chief accountant [ARTICLE]

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SEC names chief accountant Reuters [WASHINGTON] The US Securities and Exchange Commission on Thursday named a senior partner of accounting firm PricewaterhouseCoopers as its chief accountant. Donald Nicolaisen, 59, was chosen for the post seen as crucial to efforts to restore integrity to an accounting industry damaged by scandals and

Texas Instruments sees higher Q3 sales [ARTICLE]

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Texas Instruments sees higher Q3 sales Bloomberg [PRINCETON] Texas Instruments Inc, whose microchips ran half of the mobile telephones sold last year, reaffirmed its forecast for higher third-quarter sales, saying demand is rising for chips used in wireless devices. Revenue will climb to U552.29 billion to U552.49 billion, senior vice-president

Most in US think economy is in bad shape [ARTICLE]

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Most in US think economy is in bad shape Xinhua [WASHINGTON] Only 36 per cent of Americans approve of the handling of the economy by President George W Bush, a poll released on Wednesday said. The CBS News poll found that six in 10 think the economy is in bad

Qantas plans restructuring to cut costs [ARTICLE]

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Qantas plans restructuring to cut costs Bloomberg [SYDNEY] Qantas Airways, Australia's biggest airline, will create three business units as part of a drive to cut costs by Asl billion (551.15 billion) and protect earnings from discount rivals. Each unit will have its own management team, budget and profit targets, Qantas

US should revive long bond: IMF official [ARTICLE]

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US should revive long bond: IMF official Reuters [WASHINGTON] The US Treasury should definitely consider bringing back the 30-year bond to take advantage of current low interest rates, a top International Monetary Fund official said on Thursday. In an interview, IMF chief economist Kenneth Rogoff said countries benefit from issuing

MCI may have avoided taxes [ARTICLE]

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MCI may have avoided taxes AFP [NEW YORK] Bankrupt telecoms group MCI, formerly World Com, may have avoided "hundreds of millions of dollars in state taxes" between 1999 and 2001 on the basis of advice from KPMG accountants, The Wall Street Journal said on Thursday. In a bid to minimise

US power outage disrupts flights [ARTICLE + ILLUSTRATION]

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US power outage disrupts flights US POWER FAILURE Several carriers cancel or divert flights after blackout struck major US cities and parts off Canada Bloomberg [WASHINGTON] Airlines worldwide cancelled or diverted flights after the power outage struck a region from New York to Michigan and part of Canada, forcing travel

US records benign 0.2% rise in July inflation [ARTICLE]

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US records benign 0.2% rise in July inflation LATEST US DATA 0.5% jump in July factory output lifted by utilities [WASHINGTON] Rising energy prices, higher tuition and gains in lodging and housing costs pushed US inflation up moderately in July, the government said yesterday in a report that could ease

US markets, regulators pass test [ARTICLE]

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US markets, regulators pass test Bloomberg [NEW YORK] US financial markets and the government agencies that oversee them passed the biggest test of Wall Street's backup systems since the September 2001 terrorist attacks, operating with minimal disruption after an electrical blackout struck New York City and the US North-east on

Is it time to sell stocks? [ARTICLE]

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Is it time to sell stocks? Executive share sales in US reveal a bearish mood in July Reuters [NEW YORK] Think it's time to buy stocks now the market has stabilised after its spring rally? Many corporate insiders don't. Executives sold about US$32 worth of their own companies' stock for

outsourcing

India's back-office adds skills [ARTICLE + ILLUSTRATION]

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India's back-office adds skills After cornering 60 per cent of the US$16 billion IT outsourcing market India is now poised to latch on to the next big thing: outsourcing of financial services Reuters [BANGALORE] THE office of Process Mind, around the comer from a granite temple to Hindu god Ganesha,

SGX [ARTICLE]

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SGX Transaction date:Aug 15 turnover roeo) value cmo) II* fattl 8Ma Tata MuWM 30.111 30.111 31.853 31.153 Manufacture 401.233 76,662 $64,895 321.600 22.485 344.166 Gornmarct 135,163 21.285 156,940 47.511 3.461 50.972 TpVHuKmi ***** 7,665 100.105 88.196 3.439 91,634 tan 26,742 26,742 107.122 107.122 Construction 36,910 16,473 53.383 4.083 1.556 5.639

BONDS & WARRANTS [ARTICLE]

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SGX SESDAQ [ARTICLE]

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CLOB INTERNATIONAL [ARTICLE]

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SGX XTRANET [ARTICLE]

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style sports

This could be Mickelson's year [ARTICLE + ILLUSTRATION]

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This could be Mickelson's year Considered the best player never to have won a major, he has a good chance now NYT [ROCHESTER, New York) PHIL Mickelson entered the PGA Championship attracting far less attention than usual. Rodney Pampling entered the PGA attracting almost no attention. That will not be

Jones settles for Sanders [ARTICLE]

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Jones settles for Sanders AP [NEW YORK) Roy Jones Jr couldn't get the big fights he really wanted, so he turned to Corrie Sanders instead. Jones will return to the ring on Nov 8 for the first time since winning the heavyweight title when he takes on Sanders, most likely

A little less of that sledging on the pitch, please [ARTICLE + ILLUSTRATION]

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A little less of that sledging on the pitch, please frankly speaking naveen verghese IN cricketing parlance, "sledging" is the deliberate verbal abuse of opponents with the intention of disturbing their concentration. It can vary from irritating and constant chatter to straightforward taunting and swearing. Though the current Australian cricket

SGX MAINBOARD [ARTICLE]

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SGX MAINBOARD Transaction date:Aug 15 for live prices, log on to wiruiasiaotiemarketsxxmi

style motoring

Fast but furious [ARTICLE + ILLUSTRATION]

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Fast but furious Two Italian beauties whizzed into town recently. SAMUEL EE managed to catch up with them to get the lowdown. SAMUEL EE SHE was hurt. They had accused her of going soft and threatened to turn their affections to the luscious new Lambo next door. Hell hath no

Packed with punch [ARTICLE]

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Packed with punch IT'S called the baby Lambo, but this exotic car is anything but small and cute. The new Lamborghini Gallardo may not be as big as the Vl2 Murcielago. But it still has a five-litre, 40-valve VlO aluminium engine with 500 hp. Permanent four-wheel-drive and 19-inch Pirelli P

STOCKS ASIA [ARTICLE]

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STOCKS ASIA Transaction date:Aug 15

style health

Tips to ease wear & tear [ARTICLE + ILLUSTRATION]

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Tips to ease wear tear Over-exercising or pushing yourself too hard often leads to injuries which require medical treatment, even surgery. SEAMUS PHAN looks at how you can prevent accidents and reduce pain naturally SEAMUS PHAN MK| NJURY is often seen as the rite of passage for sportspeople, but it

Eat your spirulina, it's good for you [ARTICLE]

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Eat your spirulina, it's good for you eatwell By John Yeo WHAT is 100 per cent natural, high in calcium and protein, low in fat, good for pregnant mothers and growing children? This might sound like a milk commercial, except that low fat milk is not 100 per cent natural.

secondopinion [ARTICLE]

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secondopinion Dr Lim Lian Arn, Dr Ng Wai Lin Q: I'm a male in my mid-30s and go to the gym about three times a week. I'm also careful with my diet, but my cholesterol has shot up from 190 to 230over the last year. I wonder if taking glucosamine

healthtalk [ARTICLE]

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healthtalk Compiled by Cheah Ui-Hoon FwkOWw ww hi from Maw, policy issues on health, income security and social support. Iteyaete Dr Victoria Velkofif, chief. Ageing Studies Branch, US Census Bureau Date A Um: Aug 23,1.3(M>pm Vmmn: Suntec Theatre, Level 3, Suntec City OvgaalMd by: The Tsao Foundation IttgWwUoK Closing date

UNIT TRUSTS & FUNDS [ARTICLE]

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UNIT TRUSTS FUNDS LEGEND: Alpnco arc mdicalivtcacapl far f b Knggtt tatt aroody DivonMadt I NarnxMy Foooad; lomr link. Low to IMun tafc ft Madhan to High Mc Mtfiar Mric o|an«M Before subdhri»on o* uniti; Afttr subdnonn of units Sf aflar Modi ipMt *>- Hon Daahng Day; floor PricaSSOttS

style shopping

men at play [ARTICLE + ILLUSTRATION]

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men at play CHEAH UI-HOON looks at how Alfred Dunhill's new concept store ties in with the brand's worldwide relaunch, and why red is the colour of choice CHEAH UI-HOON ALFRED Dunhill rolled out its Red Store concept two years ago, at its flagship in Bond Street, London. Now the

instore

Cultural collection [ARTICLE + ILLUSTRATION]

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Cultural collection The rich Peranakan Chinese community used to commission colourful enamelled porcelain, with the pieces typically sporting traditional auspicious Chinese motifs as well as distinctive, brilliant colours. Now you can buy a full range at the Museum Shop by Banyan Tree at the Asian Civilisations Museum (Armenian Street) which

Fun and functional [ARTICLE + ILLUSTRATION]

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Fun and functional Be serious but still retain some style: that's what you get with this elegant Bree brief case. Stern yet exuberant, the vegetabletanned cowhide leather promises to look even better with age. For the detail-conscious: it's made in Germany, spacious, and comes with small practical pockets. Price: $789.

Thumbs up [ARTICLE + ILLUSTRATION]

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Thumbs up A conversation piece, even for the not-so patriotic. That it comes with the thumbprint of Hella Jongerius, an accomplished sculptor, makes it all the more collectable. From Holland, the rare red-white porcelain vase costs $750 at Studio Haus, Millenia Walk.

Cool shades [ARTICLE + ILLUSTRATION]

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Cool shades Shades that do more than shield the sun, thanks to its ClimaCool feature: a dynamic ventilation technology. The specially engineered vents on the pad allow air to be directed In a way that doesn't obstruct vision, aids moisture and hinders fogging. This latest adidas pair also comes with

Fleet of foot [ARTICLE + ILLUSTRATION]

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Fleet of foot Compiled by MIKE CHUA, CORINNE KERK Fly like the wind or just run fast in these feather-light sneakers. Wrapped in thin synthetic skin and padded with wafer-design sponge, it means comfort on a Saturday stroll or just comfortable style on casual Fridays. Available at $36.90 at Coletee,

A gem of a concept [ARTICLE + ILLUSTRATION]

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A gem of a concept Dickson Yewn went from art to cinema to advertising to photography before finally settling into fine jewellery. CORINNE KERK meets the Hong Kong-based designer CORINNE KERK IN his beige shirt, trackie and red sneakers, Dickson Yewn looks more like a student than a 33-year-old jewellery

pursuits/wine&dine

entertainmentguide [ARTICLE + ILLUSTRATION]

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entertainmentguide Going out or staying in this weekend? PARVATHI NAYAR rounds up some recommendations PARVATHI NAYAR books LMng dangerously The God Who Begat a Jackal is a work of rich fantasy-romance but somehow, ends up feeling like real history. The story set in Hararghe, the place where Mezlekia grew up,

Page 17 Advertisements

Page 17 Advertisements Column 1 [ADVERTISEMENT]

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wine&dine with weekendßT :;|p§§ A+WlNEPteLtd fnlnn—'i fnfi MMNiwOWlhlfapoit *|R J?I famous Taiwanese Porridge spread. Asian specialities Hitachi Tower, #01-17. Tel/fax: *****397 Peninsula Excelsior Hotel, Level 5. Tel: 6416 1132 177 A River Valley Rd TeL *****790 I Enjoy a selection of international wines with new Buffet lunch available on weekends

food

Return of the set lunch [ARTICLE + ILLUSTRATION]

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Return of the set lunch With menus everywhere in town turning up competitive and creative combinations for a fixed price, diners who don't want to dig too deep into their wallets are spoilt for choice, as GEOFFREY EU finds out GEOFFREY EU WHILE there may indeed be no such thing

Modern classic dining with old world charm [ARTICLE + ILLUSTRATION]

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Modern classic dining with old world charm LOH HUI YIN enjoys fusion with a twist in a Shanghai park, at a lovingly restored villa owned by two Malaysians and an award-winning Japanese chef LOH HUI YIN BEN Lam fell in love the moment he laid eyes on "her". "Her" being

Page 18 Miscellaneous

Page 18 Miscellaneous Column 1 [MISCELLANEOUS]

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CBYPTIC CROSSWORD 8 Started to drop off about one tedwus fashton*(7) HT IH Hi ll h| 10 The colour of those suffering 5 on board 10 [1 I 1 1 from mal-de-mer? (3-5) (8) fIH~ ~IB~IH Ml"" ~feH~~ST 1H 11 Keeping pace, though on 6 Fed-up with being a con--12