The Business Times, 11 May 2002

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Total Pages: 20
1 20 The Business Times
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  • Title Section
    Lock icon Masthead
    16 1 THE BUSINESS TIMES weekend MAY 11-12 f 2002 85C MITAfPj OUIAKWW)? Internet http//business-times asial com sg
    16 words
  • Article
    Lock icon Bank directors' pay to be disclosed
    507 1  -  UO6 would have most to adapt if stricter criteria used By Siow Li Sen [SINGAPORE] The three local banks will disclose directors' compensation up to the nearest $250,000 next year as part of a move to improve corporate governance and transparency, a step that
    507 words
  • Article
    Lock icon Loan interest eating into CPF: Boon Heng
    753 1  -  EXCLUSIVE Labour chief suggests prudent quantum limits for housing loans By Andrea Tan [SINGAPORE] Interest costs from property financing are hollowing out the CPF retirement savings of Singaporeans. To tackle this problem, trade union chief Lim Boon Heng yesterday suggested that prudent loan
    753 words
  • Article, Illustration
    Lock icon Cisco's message more important than the earnings
    601 1  -  SATURDAY SOAPBOX jennifer lien CISCO Systems chief executive John Chambers was a bearer this week of good, or bad news, depending on how you interpreted his words. At first, it seemed investors lapped up its results as a much-awaited shot of optimism for
    601 words
  • Article, Illustration
    Lock icon IDA versus SingTel
    86 1 CThey brought extreme pressure on Sing Tel to keep the compensation down at one something billion when Sing Tel was trying for $5 billion plus H or more. Jr -Mm Star, QC for SirtfTd, told the court on Wednesday H There was no negotiation between TAS and
    86 words
  • Article, Illustration
    Lock icon Simon Cheong expected to bid for Pinetree
    628 1  -  EX Observers say he may be eyeing future rezoning possibility Byl Serena Ng [SINGAPORE] High profile property player Simon Cheong is expected to trigger a bidding war for the Pinetree Town Country Club. BT understands the property broker and developer is one of
    FILE PHOTO  -  628 words
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  • next page
    • Article, Illustration
      Lock icon Huffing and puffing bat getting nowhere
      601 2  -  MARKET REVIEW r sivanithy IF the previous fortnight was characterised by the "don't just sit there, do something" form of investment management, then this week saw the advent of "don't know what to do, can't do anything anyway". In plain English, this means that
      601 words
    • Article, Illustration
      Lock icon SingTel not forced to accept $1.5b compensation: Mah
      729 2  -  Amount arose from consultations, not negotiations, be says Byi Angela Tan [SINGAPORE] The $5-6 billion compensation sought by Singapore Telecommunications for early termination of its monopoly in 1996 was too much, but the government did not pressure the telco into accepting $1.5
      CHEW SENG KIM/ST  -  729 words
    • Article
      Lock icon Biomedical hub will provide at least 4,000 jobs: Philip Yeo
      550 2  -  Biopolis will double in size to total off 12 buildings by 2007 By Adeline Chia [SINGAPORE] Biopolis, Singapore's $300 million biomedical hub in North Buona Vista, will eventually double in size and provide at least 4,000 jobs in the industry,
      550 words
    • Article
      Lock icon No deal on Intraco stake sale by DBS, NatSteel, Temasek
      373 2  -  Talks break down on price and other key terms, observers say By Conrad Raj [SINGAPORE] Talks by Temasek Holdings, Nat Steel and DBS Group Holdings to sell their 44 per cent stake in Intraco Ltd have fallen through after the
      373 words
    • Article
      Lock icon Bankers see merit in CPF cap for loan servicing
      871 2  -  One way is to limit total CPF instalments to either purchase price or loan amount, they say Byl Siow Li Sen [SINGAPORE] Bankers say there is merit in the idea of capping CPF funds to service loan instalments. To determine sensible
      871 words
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  • in focus
    • Article, Illustration
      Lock icon August is earliest date for Big Bang
      836 3  -  S'pore is taking a cautious approach to ensure that software system glitches are ironed out, LOH HUI YIN and TANG WENG FAI report LOH HUI YIN, TANG WENG FAI BETTER late than sorry. That's the cautious approach Singapore is adopting on its much-de-layed
      836 words
    • Article, Illustration
      Lock icon Energy liberalisation won't lead to lower prices
      572 3  -  But market opening may raise valuation for energy-linked firms: EMC By Tang Weng Fai LIBERALISING Singapore's energy market is more likely to result in increased valuations for energyrelated companies than lower prices for consumers. And a derivative market in en-ergy-backed financial instruments may
      572 words
    • Article, Illustration
      Lock icon The new set-up
      223 3 Energy Market Authority of Singapore (EMA): Set up in April 2001, it has the dual role of industry regulator as well as systems operator to ensure that power supply gets piped smoothly into homes and factories. Energy Market Company (EMC): The market operator, it undertakes market surveillance,
      Source: Energy Market Authority(EMA)  -  223 words
    • Article
      Lock icon New Electricity Market features
      559 3 WHEN it goes live late this year, the new wholesale electricity market (New Electricity Market, or NEM) will have fresh features designed to reinforce robustness, transparency and efficiency. Nodal pricing It is a means of compensating generators for energy loss in transit by placing an explicit
      559 words
    • Article
      Lock icon Reforms will lead to a string of small gas-fired plants
      701 3  -  This will lead to cleaner power, a leaner grid and better systems security ity Loh Hui Tin IMAGINE having small gas-fired power plants scattered across Singapore, instead of the giant fuel oil-fired behemoths tucked away in some obscure corners. Such
      701 words
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  • in the news
    • Article, Illustration
      Lock icon Ed Ng leaving CapitaLand as anticipated
      425 4  -  Resignation widely expected after failure of SPT IPO By Kalpana Rashiwala ED Ng has finally quit property giant Capita Land as widely expected following the failure of the Sing Mall Property Trust (SPT) float in November last year. After two years with the group,
      425 words
    • Article
      Lock icon Serial's chairman sticks with SIC's general offer waiver
      233 4 SERIAL System said yesterday its executive chairman and chief executive officer Derek Goh Bak Heng has decided against making a general offer for Serial shares he does not already own. "After carefully evaluating all the proposals from banks and financial institutions, Mr
      233 words
    • Article, Illustration
      Lock icon Ayala's Q1 result saved by Globe Telecom
      378 4  -  Group posts 1.5% rise in after-tax profit to 13b pesos From i Al Labita in Manila ROBUST earnings by Globe Telecom, jointly owned by Ayala Corp, Singapore Telecommunications and Deutsche Telekom, saved the Ayala conglomerate from what could have been a disastrous first-quarter
      FILE PHOTO  -  378 words
    • Article
      Lock icon Less exceptional losses lift SGX 9-month gain
      251 4  -  By Kalpana Rashiwala SINGAPORE Exchange (SGX) posted a 7.4 per cent rise in net profit to $39.2 million for the nine months ended March, due mostly to lower exceptional losses. Operating revenue rose 3.3 per cent from the same period in the previous
      251 words
    • Article
      Lock icon KepCorp extends $180m loan to KT&T
      144 4 Dow Jones Newswires KEPPEL Corp said yesterday it has extended a $180 million loan to its subsidiary Keppel Telecommunications Transportation to allow KT&T to redeem US$lOO mUlion convertible bonds early. The bonds were due on Thursday as the redemption date had been brought forward
      Dow Jones Newswires  -  144 words
    • Article
      Lock icon Morgan Stanley loses chance to earn huge PSA IPO fees
      305 4 Bloomberg MORGAN Stanley Dean Witter Co, which advised on U5522.4 billion of Singapore takeovers last year, this week lost a chance to earn millions of dollars in fees arranging the initial share sale of the island's port operator. PSA Corp
      Bloomberg  -  305 words
    • IN BRIEF
      • Article
        Lock icon Inno-Pacific to place out 62.5m new shares
        122 4 INNO-PACIFIC Holdings Ltd said yesterday that it plans to place out up to 62.5 million new shares at 90.06 each through Kim Eng-Ong Asia Securities. The placement price represents a discount of about 9.1 per cent on the weighted average price 0f50.066 for
        122 words
      • Article
        Lock icon TPA to acquire Chinese firm
        105 4 SESDAQ-listed TPA Strategic Holdings announced yesterday that it has signed a memorandum of understanding to acquire Sichuan Aote Aircraft Accessories Repair (Aote). The deal is worth U552,238 million and will give TPA a 48 per cent stake in the Chinese aircraft components repair company. Haite
        105 words
      • Article
        Lock icon ST Engg gets nod to buy US firm's assets
        162 4 Bloomberg SINGAPORE Technologies Engineering Ltd said it won US court approval to buy the assets of Dee Howard Aircraft Maintenance LP. The company plans to start operations at the facility, located at San Antonio International Airport in Texas, in the middle
        Bloomberg  -  162 words
    • Article, Illustration
      Lock icon Shell wins site in 1½ -hour auction battle
      458 7  -  It retains right to operate at the Upper Thomson Rd pump By Vince Chong SHELL Singapore put in the highest bid in an auction battle lasting more than one-and-a-half hours yesterday for a petrol station site at Upper Thomson Rd. With the
      ARTHUR LEE  -  458 words
    • Article
      Lock icon Post-Budget COE prices ease but still firm
      328 7  -  By Christopher Tan COE prices dipped but remained relatively firm in the first post-Budget tender. Results from the online bidding exercise that ended at 4 pm yesterday show that car certificates of entitlement corrected by between 2.7 and 5 per cent. However, they
      328 words
    • Article
      Lock icon Panel wants more telco competition so as to cut costs
      304 7 Bloomberg SINGAPORE should consider further steps to encourage competition among telecommunications companies to bring down prices for business and residential users, the head of a government panel on services said. Two years after Singapore broke the monopoly of Singapore Telecom
      Bloomberg  -  304 words
    • Article
      Lock icon Expatriates already here can get tax break
      172 7 THE Ministry of Finance yesterday said that expatriates who are already in Singapore can qualify for tax breaks under a scheme announced in the Budget last week. It was responding to a newspaper report that said only newcomers would gain from the Not
      172 words
    • Article, Illustration
      Lock icon Construction material prices stable in Feb
      207 7  -  EYE ON THE ECONOMY construction costs Ry\ Kalpana Rashiwala CONSTRUCTION material prices in February remained stable over the preceding month except for graded stone, whose price rose 11.8 per cent after falling 17.4 per cent in January. However, figures from the Building and Construction
      Source: BCA  -  207 words
    • Article, Illustration
      Lock icon HK to lower market entry barrier for banking sector
      443 9  -  Proposed easing of rules expected to attract more foreign institutions to the territory From, Audrey Tan in Hong Kong HONG Kong will lower the market entry criteria for its banking sector with an eye to maintaining its international financial centre status.
      SCMP FILE PHOTO  -  443 words
    • Article
      Lock icon Maxis close to RM3.5b share offer, say analysts
      387 9 Reuters [KUALA LUMPUR] Malaysia's mobile provider Maxis Communications is closing in on an initial public offer of shares that analysts say could be worth up to RM3.5 billion (SSI.7 billion). A top Maxis executive yesterday said the company was putting the final
      Reuters  -  387 words
    • Article
      Lock icon Telekom a whisker away from TRI general offer
      417 9  -  ft disclosed that it now owns 31.25% of TRI From Eddie Toh in Kuala Lumpur TELEKOM Malaysia has amassed enough shares of Technology Resources Industries (TRI) to mount a hostile takeover. In a filing to the exchange, the state-backed telco disclosed that
      417 words
    • NOTE BOOK
      • Article
        Lock icon Elections likely in a year: Kit Siang
        85 9 AFP [KUALA LUMPUR] Malaysia may hold a general election within 12 months, opposition Democratic Action Party chairman Lim Kit Siang said yesterday. "There is a great likelihood that Prime Minister Mahathir Mohamad may want to call for an early general election within the
        AFP  -  85 words
      • Article
        Lock icon Hutchison keen on Mumbai port job
        76 9 Dow Jones Newswires [HONG KONG] Hutchison Port Holdings has expressed interest in a 10 billion rupee (***** million) revamp and expansion of the container facilities at India's Mumbai port, the South China Morning Post reports. It quoted C S Murty, traffic manager at the
        Dow Jones Newswires  -  76 words
      • Article
        Lock icon Taiwan shipping firms to merge
        73 9 Reuters [TAIPEI] Taiwan shipping line Uniglory Marine will merge with sister firm Evergreen International Storage and Transport Corp through a share swap in a bid to cut costs, the companies said yesterday. After the planned merger, which will take effect on Oct 31, Evergreen International
        Reuters  -  73 words
      • Article
        Lock icon Thai govt may issue US$2.4b of bonds
        65 9 Reuters [BANGKOK] The Thai finance ministry is preparing to issue up to US$2.4 billion worth of sovereign bonds in foreign markets in the second half 0f2002, a ministry official said on Thursday. The official said the ministry wanted to take advantage of low
        Reuters  -  65 words
    • Article
      Lock icon Thai-M'sian pipeline gets go-ahead
      327 9  -  From Harish Mehta in Bangkok THAI Prime Minister Thaksin Shinawatra has decided to go ahead with the construction of the controversial US$l billion Thai-Ma-laysian gas pipeline, ending a delay caused by environmentalists who said it would severely damage the ecosystem. The massive joint project is being
      327 words
    • Article
      Lock icon More rules on analysts likely, says SEC official
      500 12 They aim to restore confidence in analysts'objectivity Dow Jones Newswires Reuters [WASHINGTON] Wall Street analysts will remain in the spotlight and more rules to combat conflicts may follow those approved this week by the Securities and Exchange Commission, a senior SEC official
      Dow Jones Newswires; Reuters  -  500 words
    • Article, Illustration
      Lock icon Cozy Enron-Andersen ties led to disaster for both
      431 12 ANDERSEN TRIAL Reuters, Bloomberg (HOUSTON] Accounting firm Andersen bent over backwards to please its lucrative client Enron Corp in an unusually close relationship that ended in disaster for both, according to testimony on Thursday in Andersen's obstruction of justice trial. A picture
      Reuters,; Bloomberg  -  431 words
    • Article, Illustration
      Lock icon Taipei proposes NT$2.6t development programme
      611 14  -  Plan aims to boost country's economic and social competitiveness in the region From) Macabe Keliher in Taipei IN one of the firsf visionary development plans to directly address Taiwan's economic and social needs, the Cabinet here has proposed a six-year NTJ2.6 trillion (Ssl36 billion) national
      611 words
    • Article
      Lock icon China sees a strong Asean FTA
      349 14 It will be the most populous trade bloc in ten years: minister Xinhua (SHANGHAI] The ChinaAsean Free Trade Area is expected to grow into the world's most populous free trade area after 10 years of development, a senior Chinese official estimates. "The free trade
      Xinhua  -  349 words
    • Article
      Lock icon June launch for China banks' retail debt trade
      207 14 Reuters [BEIJING] China's state banks will launch over-the-counter retail debt trading by June 10 in a long-expec-ted move to shore up the debt market and curb bank risks, the China Securities Journal reported yesterday. Some 400 Beijing outlets of the Big Four
      Reuters  -  207 words
    • Article
      Lock icon Sizzling growth in India's mobile phone industry
      259 14 User base rose 81% y-o-y in April to 6.71 m subscriber* Reuters [NEW DELHI] India's mobile phone industry, the flagbearer of its fast-grow-ing telecommunications sector, kept up its pace of strong growth in April with user base rising 81 per cent over the
      Reuters  -  259 words
    • Article
      Lock icon Legislation change may trim Japan's company tax bills
      243 14 Bloomberg [TOKYO] Japan's cabinet approved legislation to introduce a consolidated corporate tax system, which may lower tax bills by letting companies deduct losses at wholly owned affiliates from group profits. The legislation includes a temporary increase in the company tax rate to
      Bloomberg  -  243 words
    • Article, Illustration
      Lock icon US long-term outlook 'increasingly good'
      764 15 Greenspan also now believes mid-90s productivity surge has become a permanent feature Dow Jones Newswires Bloomberg. AFP, Reuters [CHICAGO] Federal Reserve Chairman Alan Greenspan said yesterday that the long-term US economic outlook is "increasingly persuasively good", and that the high growth in productivity that began
      Dow Jones Newswires; Bloomberg.; AFP,; Reuters; REUTERS  -  764 words
    • WORLD WATCH
      • Article
        Lock icon Sony entertainment worth US$19b
        77 15 Bloomberg [NEW YORK] Sony Corp said its entertainment businesses, including movies like the record-setting Spider Man, are worth as much as US$l9 billion, sparking speculation it may sell shares in the operations. They are valued at between US$l4 billion and US$l9 billion, said chief financial officer
        Bloomberg  -  77 words
      • Article
        Lock icon Softbank suffers 89b yen loss
        80 15 AFP (TOKYO] Japan's largest Internet investor Softbank Corp yesterday said it suffered its worst ever net loss of 88.8 billion yen (551.25 billion) in the year to March, due to the falling value of its shareholdings. The loss follows a group net profit of 36.6
        AFP  -  80 words
      • Article, Illustration
        Lock icon A toast for a hero of freedom
        95 15 Reuters [WASHINGTON] Economist Milton Friedman, an inspiration for the modern conservative revolution in government, celebrated his upcoming 90th birthday at the White House on Thursday, winning praise from Federal Reserve chairman Alan Greenspan, who mused about putting him in charge of Federal Reserve
        Reuters; REUTERS  -  95 words
      • Article
        Lock icon Japan Airlines posts 37b yen loss
        68 15 AFP [TOKYO] Japan Airlines yesterday said it suffered its second largest loss ever in the year to March. But the popularity of domestic discount tickets helped cushion JAL's fall and the airline forecast a return to profitability in the current year. Its group net
        AFP  -  68 words
      • Article
        Lock icon Fed finds anthrax spores in mail
        104 15 Reuters [WASHINGTON] THE Federal Reserve on Thursday said traces of anthrax were found in about 20 pieces of its mail in an outside facility, the second time the central bank has been exposed to the deadly bacteria that killed five people in the US
        Reuters  -  104 words
      • Article
        Lock icon Accenture to sell shares itself
        63 15 Bloomberg [WASHINGTON] Accenture Ltd, which plans a US$2 billion stock sale by partners of the world's largest consulting firm, arranged to sell 63 per cent of the shares itself to ease the tax burden on some sellers. The Bermuda-based company now plans to sell 62.4
        Bloomberg  -  63 words
    • Article
      Lock icon Vodafone chief blasts hedge funds for share price falls
      406 15  -  He accuses them of short-selling and spooking investors From Neil Behrmnann in London CHRISTOPHER Gent, chief executive of Vodafone, has blamed hedge funds for contributing to the collapse of the company's shares. Since its high of 398 pence in the first
      406 words
    • Article
      Lock icon US April producer prices in surprise dip
      308 15 LATEST US INDICATORS But markets show little reaction to the unexpected decline Reuters [WASHINGTON] Prices paid to US producers fell in April as a sharp drop in food costs more than offset rising energy prices, the government said yesterday in a report that
      Reuters  -  308 words
    • Article
      Lock icon IBM may slash up to 3% of staff
      223 15 Bloomberg [ARMONK, New York] International Business Machines Corp, the world's biggest computer company, plans to cut as much as 3 per cent of its staff, or 9,600 jobs, as sales slump, a person close to the company said. The reductions will be
      Bloomberg  -  223 words
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      Lock icon Page 4 Advertisements Column 1
      1029 4 »TOP GLOBAL LIMITED Incorporated in Singapore NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 2002 Annual General Meeting of the shareholders of the Company will be held on Wednesday, 29 May 2002 at 95 South Bridge Road #07-28 Pidemco Centre Singapore *****7 at 10.00 a.m. to transact
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      Lock icon Page 4 Advertisements Column 2
      674 4 TELEDATA (SINGAPORE) LIMITED 10 tandM Road *06-01 Satron Buiktng Singapore *****5 TaI:KM7I 1733 FuSSMTI 17W mmm WifcH i mil >U 10 MAY 2002 TO: ALL HOLDERS OF WARRANTS 2002 OF TELEDATA (SINGAPORE) UMITED THIS IS AN IMPORTANT NOTICE WHICH REQUIRES YOUR IMMEDIATE ACTION. Dear Sir/Madam (1) EXPIRY OF WARRANTS 2002
      674 words
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      Lock icon Page 5 Advertisements Column 1
      1256 5 HONG LEONG SINGAPORE FINANCE LIMITED (formerly known as Singapore Finance Limited) and its subsidiaries (Incorporated in the Republic of Singapore) BALANCE SHEETS AS AT 31 DECEMBER 2001 I REPORT of i>c auxtors to toe members of hong leong sngapore fnuke lmted SHARE CAPITAL S S «W> SWO askance Mm so
      1,256 words
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      Lock icon Page 6 Advertisements Column 1
      2638 6 HONG LEONG SINGAPORE FINANCE LIMITED (formerly known as Singapore Finance Limited) and its subsidiaries (Incorporated in the Republic of Singapore) **-<*■»- d, Book vdiN no of MiflTM no of snares 4WW <yw\ roooi $*000 cooo) S'ooo 2001 2000 2001 2000 11 ,uuu 5 $TXX> $-000 s*ooo S-000 Authorised: (e) A
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      Lock icon Page 7 Advertisements Column 1
      1105 7 HONG LEONG SINGAPORE FINANCE LIMITED (formerly known as Singapore Finance Limited) and its subsidiaries (Incorporated in the Republic of Singapore) ic—«*> KMMiM, 2001 2000 "^~^^»"nctala.ee*«d9*«lea(ee*ta»ed) No. of rfiares No. of stares »»Mp «wO Company aii»*mi rooo) roooi *»1 2000 31 -{JJOI jjl $*000 S'ooo cfwcww HMn 1 to 5 Mtar
      1,105 words
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  • mailbag
    • Article
      Lock icon We didn't comment cm health of Dayen:SGX
      570 8  -  Alan Shaw Executive Vice-President Head. Risk Management and Regulation Division Singapore Exchange Ltd I REFER to the letter "Dayen case raises doubts about SGX's competency" by Soh Kwok Hong (Mailbag. May 9) and previous letters and correspondence in a similar vein. We would
      570 words
    • Article
      Lock icon Be wary of Germany's flight-limit move
      178 8  -  Markus Grimm Singapore I REFER to your article 'Swiss Parliament panel opposes air traffic treaty with Germany' (BT, May 6). Although the story seems to be distant and far away in Europe, the outcome of this dispute is of extreme and utmost importance to
      178 words
    • Article
      Lock icon Tell me how much I need to retire on
      155 8  -  Alison Cousland, Singapore I WAS Interested to read the comment by Minister of State (Trade and Industry and Foreign Affairs) Raymond Lim, who heads the Economic Review Committee's (ERC) committee on entrepreneur-ship and internationalisation, with regard to the possibility of CPF
      155 words
  • Article
    Lock icon SGX MAINBOARD
    3142 8 Transaction date: May 10 for live prices, log on to tmpw/jsiaonemarketsjcom ■a? a ■> a ■r-aya.-t a* 1 a'a-ss 9 6 ASNAnvoNLG Sic 9 |J u i* s«:aas»s=& a, ,i J -s »j APB 533 unch 14 535 535 535 540 238 2 1 4 5 142 iiua
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  • Article
    Lock icon SGX XTRANET
    46 8 <~- a a .p-a"; g'a'B 1'*# 40 i Dumontfc US9960cd UK XX s RDJUSTcch IfiHOn i m Wi 440 s fSMSO Spore US575 <»» ansHsinoo usnan IJ1S0 »W> s SPO« usitooo I I I tm ikm c snnrioo 1740 -i a 1741 itis 1740 1745 Till
    46 words
  • Article
    Lock icon SGX SESDAQ
    1040 8 •y- ~ri a m ■P-a."s.*t g's-a B5 12 AfiR Hldqs Sc M f i <>0 <• ,7 n( 2 s I "s ,2 I wdgi /UC 55 unch 30 55 54 5 ci cc q v es »c astiioc <05 £s 405 2? 0 £f 115 Uctamftk W
    1,040 words
  • Article
    Lock icon CLOB INTERNATIONAL
    320 8 a jr t g ■a 115 CO AVJmnmgiAScA 113 *12 2440 115 98 113 117 40 14 88 66 2432 C*h»» P* 20c MK720 265 2.1 7.4 6 *****2 Owung KongSOc MK 1780 240 6.3 6.7 3 *****5 63 45 Otye SoUmUW. 55 53 2 7 6 3
    320 words
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      13 9 Lianhe Zaobao -MIML H I trade 1 8 I I between! I I
      13 words
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      Lock icon Page 9 Advertisements Column 2
      1865 9 r TECKWAH INDUSTRIAL CORPORATION LTD (Incorporated in Singapore) NOTICE Of ANNUAL GENERAL MEETING Nohc. hereby given that the Annuo! General Meeting of the Company will be hold at 25 Pondon Crescent #05-15 TIC Tech Centre *****7 on Tuesday, May 28, 2002 at 3.00 p.m. to tronsoct the follow,ng bus.n.s» ORDINARY
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  • in the money
    • Article
      Lock icon So should you buy or sell after knowing the PE?
      541 10  -  INVESTOR EDUCATION It depends on your expectation of fee firm's earnings growth rate By\ Sebastian Chong The writer is an associate professor in finance and accounting at the NUS Business School and a committee member of the Securities Investors Association
      541 words
    • Article, Illustration
      Lock icon Lessons in Buffett's focus investing
      1187 10  -  SHOW ME THE MONEY While it may go against finance theories, its success is undeniable teh hooi ling INDISPUTABLY, the world's greatest investor is Warren Buffett, the Oracle of Omaha. Mr Buffett has consistently beaten the market and his investing wisdom has made thousands of
      1,187 words
    • Article, Illustration
      Lock icon Money talk
      965 11 Title «Mk our DBSV modal portfolio beat the Straits Tlmee index again, conaumeMolalad Hochi outperformed the market, portlctilaily Paopla'a Food. The market wee down 03 par cant whilst our portfolio waa up 12. par cant. Paopla'a Food haa appreciated 14 par cant thle week and we are taking
      965 words
    • Article
      Lock icon DIVIDENDS ANNOUNCED
      1033 11 <CM) dete Jw *H Aitcom Tech 20c F OJ 2frApr 02-May 20-Mey Atgreen Prop SOc F 3 03-Am 06-Am 19-Jun APOOmriSc r 0.189 05-Jun 10-Am 20-Jun ASJMIdgs20c bt JO-Apr OSMay 15-Mey ASIMtdgs20c S 4TE 30-Apr OtMey 15-IMy Auric PacSOc F 3 29-May 03-Am 14-Jun Aurtraiend A50c d A3
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    • Article, Illustration
      Lock icon A step forward, but not for everybody
      814 11  -  CAVEAT EMPTOR Halving the holding period may act as incentive for owners of loss-making firms to bail out at the public's expense r sivanithy YOU could almost hear the whoops of joy reverberating through Raffles Place when the Singapore Exchange (SGX) on Thursday
      814 words
    • Article
      Lock icon Tech stock upgrades continue in quiet week
      392 11  -  By Patrick Peck The writer is a vice-president at Paris-based JCF Group THE new tax regime announced in last week's 2002 Budget had little effect on analysts' recommendations this week. In fact, it was a quiet week, with 16 upgrades versus nine downgrades.
      392 words
  • Article
    Lock icon UNITT TRUSTS & FUNDS
    2716 10 UNITT TRUSTS FUNDS CitiSelect Asia Tilt Balanced 12V CitiSelect Asia Tilt Growth 12* ObSdect Asia Tilt EnhGrth 1 iy MM Amro Aaaat Mft (S'pore) OWetert Global Growth 1.07/ StarEwopeEqtyl* 07* GbSelect Global Picome 112/ Star Europe BoT. 0.972/ °b Global Healthcare Fuid 094/ Star Europe Bal 0 J77/ Clb G»)
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      Lock icon Page 10 Advertisements Column 1
      52 10 TMAY^ F SINGAPORE 20 02 NAIL 4, SINGAPORE EXPO, SINGAPORE 8-12 MAY, 2002 EXPERIENCE NEW INDONESIAN ATHMOSPHERE FIRST HAND IN SINGAPORE Hk A. Irnilsil k| 1 y EXPOSTAR jAI PT EXPOSTAR SULY OAYA IKHTIAR ■MHQIQk Jl. Plaju no 3, Jakarta Pusat ***** Indonesia Tel: +62-21 *****84, *****1 1, *****50 *****77
      52 words
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      Lock icon Page 11 Advertisements Column 1
      22 11 TN Stnfts TJmts CtassNM ftm ft vtftudty evtry I j tfcsttnitioi Is »t your i Buy It S* It Find It j
      22 words
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      Lock icon Page 11 Advertisements Column 2
      202 11 IN THE MATTER OF THE COMPANIES ACT, CAP SO ANO IN THE MATTER OF MARENPTELTD (In Members 'Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pureuv* to Section 306 of Vw Companies Act, Cap 50, tat the Frai Meeting of the Member# of the abovanamed Company will be
      202 words
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      371 11 M THE MATTER OF THf COMPANIES ACT, CHAPTER SO ANO IN THE MATTER OF TROPIC CHARTERERS PTE ITD (IN MEMBERS' VOLUNTARY WINDING UP) At on Ejdroordmoiy General Muting of die obowonomod Company pursuant lo Section 179(6) of to Componies Act, Cap 50, was d»»m«d to haw boon hold on May
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  • Article, Illustration
    Lock icon FINANCE
    1198 12 Transaction date: May 10 IMTBRRAMK CROSS RATES C$ Etro Fir Qm NK$ WhUII T« Ml WZSNfch Nw S$ land Ur IS —I Hmt US$ Australia 0.850 4.508 0.594 4.038 L204 4.237 26.403 50.441 0.694 6.939 2.064 L200 ***** 26.959 0.981 5.582 0J65 *775 ***** 0571 0 543 1176 5.304
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    Lock icon STOCKS ASIA
    4293 12 Transaction date: May 10 for more, go to wwwxtsiawvmmarketsjmm HONGKONG *75 030 ,520 JW tnterchma Hldgs 1.10 unch 0 1 Inrl8ankaf Asia .2.15 -0.05 1200 JS i*s2 ££T^^_ H jzzi2 003 US i« 22} Anhut Expressway H 182 -0.02 1662 lilinr I iin ?n nn? «Ui ArcoottSTcorT 144
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  • motoring
    • Article, Illustration
      Lock icon We want to be No 1, says BMW's new CEO
      718 13  -  Helmut Panke, who becomes BMWs chief executive next Thursday, gives one of his first interviews in Asia to The Business Times. In town for a visit he talks to CHRISTOPHER TAN about cars, naturally CHRISTOPHER TAN Q: How's the new
      718 words
    • Article, Illustration
      Lock icon Born Voyager
      1064 13  -  Need ;i liiuu'er car because of tlic stricter seatbclt laws'.' Here's one that seats seven maiiiiiliccnllv. says Christopher tan CHRISTOPHER TAN IF you haven't noticed, similes are huge with car reviewers. Over the years, cars have been described gushily as boats, planes, rockets, cruise missiles, freight trains, Jennifer
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    • BRAVE NEW WHIRL
      • Article
        Lock icon Lamborghini 140 gearing for launch
        181 13 LAMBORGHINI's next new model, codenamed 140, may be unveiled as early as next year's Geneva Motor Show, although a launch at the Frankfurt show looks more likely. The car is expected to be powered by a mid-mount-ed five-litre VlO offering about 500 horsepower driving four
        181 words
      • Article, Illustration
        Lock icon Aluminium content set to grow
        98 13 ALUMINIUM usage in cars is substantially in the drive for fuel economy and environmental safety, Reuters reported. Mario Conserva, president of the Milan-based Association of Italian Aluminium Producers, said he expects the average aluminium content per car to grow to some 185 kg in six
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      • Article
        Lock icon Batteries main breakdown culprit
        98 13 hUAi Daneries account for the majority of breakdowns attended to by the Automobile Association of Singapore. According to the association, 52 per cent of cases attended to are because of battery problems. Flat tyres make up 14 per cent, while electrical hiccups trigger 12 per cent
        98 words
      • Article, Illustration
        Lock icon Ford Focus in Singapore not under probe
        145 13 FORD has said that its Focus cars imported to Singapore are not affected by a safety investigation in the US. Chew Chen-Yang, public affairs manager (Asia Pacific Direct Markets), said the vehicles being investigated by America's National Highway Transport Safety Administration (NHTSA) are
        145 words
      • Article
        Lock icon Ethanol makes a comeback
        143 13 HENRY Ford made his first cars to run on alcohol. He was talked into converting to petrol by the oil companies. Now, alcohol, or ethanol, is making a comeback as the world seeks to be less reliant on major oil-producing countries. In the US, the first
        143 words
      • Article
        Lock icon Joint venture in telematics
        102 13  -  Compiled by CHRISTOPHER TAN FORD Motor, Renault and its affiliate Nissan Motor, and PSA Peu-geot-Citroen have set up a joint venture in telematics, a wide-ranging communications science. Renault and Nissan together will hold onethird of the joint venture, while Ford and Peugeot will hold one-third each,
        102 words
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  • Page 14 Advertisements
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      1856 14 MEDTECS INTERNATIONAL CORPORATION LIMITED I (Incorporated in Bermuda with limited liability) I q S HEREBY GIVEN THAT a Special General Meeting of the Company will be held at Bras I Basah Room, 41ti Floor, Raffles City Convention Centre. Swissotel The Stamford, Singapore *****2 I °"Th ursda y. 30 May 2002
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      113 14 Since 1975 our worldwide staff of over 275 multi-disciplined professionals V including lawyers chartered accountants B J ft B chartered secretanes and bankers have f A I J provided confidential and cost effective jpl company formation in all the major low £i d iWBfP tax areas mcludinq I f r?
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      68 14 NEW WOODLANDS^ at 12 ft 14 w is currently upgrading the prem r to serve you better. We regret for any inconvenience caused. But remember our other outlet I E MADRAS WOODLANDS I QAMQA RESTAURAPfT V at 22 Belilios Lane #01 -02 is waiting to give you a .MAHARAJA SERVICE
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  • Page 15 Advertisements
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      2368 15 SUPERBOWL HOLDINGS UMFTED Jp (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HERf BY GIVEN mat tt* Eighth Annual General Meeting of SuperBowi Holdings brrwed wtll be heW at the Mertion Room Superßowl Golf and Country Club 6 Manna Green. Singapore *****9. on Tuesdav 28
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  • week in review
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      Lock icon Top stories this week
      797 16 For the full stories, visit http://business-times.asial.com.sg S'pore still viable as production centre, says panel May 8 FAR from being hollowed out by cheaper locations, Singapore's manufacturing sector is alive and kicking, and will continue to be viable in the future. This is the conclusion of the
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      Lock icon What we said
      276 16 RSivanitliy May 8 Tougher disclosure measures needed STRONGER deterrents both real and psychological are needed to keep companies in line and ensure the spirit of proper disclosure is observed Here, the Singapore Exchange can learn from the New ork Stock Exchange, which has set up a comprehensive
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    Lock icon KLSE
    2276 16 Transaction date: May 10 H KUALA LUMPUR Eraser 4 Neave .3.S2 002 17 Vol R8M 2 35 0.09 6 KM W- COOO) FW Industries 0.32 unch 38 Gadang 1.49 0.03 162 A4MRealty 130 -002 19 Gamuda 635 -0.20 434 Atoric 193 0.01 43 GanadCorp 1.01 inch 19 ACP Industries
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    Lock icon SGX
    696 16 Transaction date: May 10 g—» m o— omi> C*C 04 5000 WSMSk 022 1 250 *0 010 CaptaLand 132 1-660 0050 OCBC 1012 ***** Owl SmCood 26c I B 4 400 -0100 OUE 0 52 7.2SO *0 400 City Ov SOt 222 6 150 -0050 Partway H 25c 032
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  • Article
    Lock icon BONDS & WARRANTS
    646 16 BONDS WARRANTS KM NCM Emt 'olac E {MB f| M"l Ml *m- riH—i W *6—fo» U» AST1W*****1 a 1 16 9 145 25 Acma Ltd W*****6 3 nti 20 1 SO 430 313 30 AmtekW*****0 J4 99 1 33 -2 149 37 Armstrong VW>***** 45 -0.5 142 1 10 26
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  • arts
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      Lock icon Embracing visual arts
      676 17  -  Singapore Arts Festival is serving up something different this year with an exhibition of famous Rodin sculptures and a show of international photographers' works among others. SIMONE ERASMUS takes a look SIMONE ERASMUS Regular visitors to the Singapore Arts Festival will detect a delightfully different flavour this
      676 words
    • Article, Illustration
      Lock icon All things beautiful
      360 17  -  Be enchanted by the worits of Indian and Sri Lankan artists that explore the beauty in life By Cheah Ui-Hoon SINGAPORE may be quite close to the South Asian continent, but art lovers still see little of contemporary Indian art over here. Exhibitions such as ...In the
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    • Art beat
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        Lock icon Get acquainted
        110 17 The National Arts Council and Lifeskills People's Association, is organising a series of workshops on visual arts to help those interested understand and appreciate it better. Arts You consists of five workshops between last month and August that cover a wide range of areas from sawdust pit-firing and
        110 words
      • Article, Illustration
        Lock icon Under the influence of Nugroho
        128 17  -  Compiled by CHEAH UI-HOON CoChine Galleries, formerly known as Prasat The Life Gallery, holds its first exhibition under this new identity with Indonesian artist Sylvia Nugroho. This is her inaugural exhibition in Singapore. Diverse influences are evident in her eclectic style an exotic South-east Asian
        128 words
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      1419 17 jfPji&ftfigfi® aj I yJJJ Superior Multi-Packaging Limited (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the TVventy-Third Annual General Meeting of Superior Multi-Packaging Limited will be held at No. 7 Benoi Sector, Singapore *****2 on 29 May 2002 at 2.30 p.m. to
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  • what's in style travel
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      Lock icon Psyched up for Cyprus
      1107 18  -  COMNNE KERK turns away from sun-soaked beaches to inunerse herself in the Isle's rich history. Wines and laces provide a pleasant distraction CORINNE KERK IF I were to devise a quickie one-day Cyprus tour, the tagline would read: "Beaches or Byzantine relics? And laces and wines
      PHOTOS BY CORINNE KERK  -  1,107 words
    • Article, Illustration
      Lock icon The great divide
      691 18  -  By Corinne Kerk LIKE many Greek Cypriots, Roulla Christofi gets all fired up when talking about the home she was forced to abandon in 1974. That was the year the Turks invaded northern Cyprus, accusing Greek Cypriots of persecuting Turkish Cypriots. The 37 per cent of the
      691 words
  • Page 18 Advertisements
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      140 18 DINING AT THE MALLS Junction 8 >. i Mouth Kitchen: #02-17. Tel: 6250-3286 Quality Chinese cuisine at affordable prices Set menus are available at prices ranging from $48++ foi two persons to SI 9 8++ for 10 people If you are dining with ci partner, the extra value set menu
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      11 18 Gulf Air flies to Cyprus via Bahrain every Tuesday and Thursday
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  • what's in style collections/food
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      Lock icon Keeping time
      1212 19  -  Businessman Lim Cheng Yong has clocked up more than 100 old timepieces since he took a fancy to them seven years ago. Now his passion also includes East Asian artifacts, CORINNE KERK learns CORINNE KERK LET'S just say Lim Cheng Yong has his own philosophy when it comes
      PHOTOS BY ARTHUR LEE  -  1,212 words
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      928 19 wine&dine with weekendßT #01-00/K2 Wheelock Place. Tel: *****460 Peninsula Excelsior Hotel, Level 5 SJcJcJalidSoa? Tel: 6737 4411 ViOM Reachßoad. Tel: *****218 All mothers will receive gift premiums (flowers, Tel: *****132 Dine on the famous Hainanese Chicken Rice at Partake of Dai Jia cuisine and savour authentic brooch, book, bath gel.
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  • Page 19 Miscellaneous
    • Miscellaneous
      Lock icon Page 19 Miscellaneous Column 1
      159 19 CRYPTIC CROSSWORD to one starring (8) DOWN 13 Possibility of exceient rise in YESTERDAY'S SOLUTION 2 Churchgoers guarding strong pound (9) Aero—: 1 Dingdongbattie. 9 Acripriesfs remains (6) 14 It's only fair the board should mony, 10 Crack, 12 Hoed, 13 Charv 3 He controls runners in Winter accept new
      159 words
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