The Business Times, 25 May 2002
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2002-05-25
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The Business Times
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Title Section14 2002-05-25 1 THE BUSINESS TIMES weekend 85C MAY 25-26/2002 Internet hllp business tun* s .isi.ti r14 words
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442 2002-05-25 1 Vince Chong - Safeguards needed to prevent cornering of stock: DPM Lee By' Vince Chong [SINGAPORE] Shares of marine reclamation firm Links Island may be allowed to resume trade if measures are put in place to prevent cornering of the stock again. One of these "safeguards" being442 words
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Article, Illustration922 2002-05-25 1 jennifer lien - SATURDAY SOAPBOX Asian immigrants have helped the Valley surpass its neighbours in education and affluence jennifer lien IT'S official the influx of skilled foreign high-tech workers into Silicon Valley has resulted in the region becoming better educated and more affluent than its neighbours.922 words
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Article, Illustration822 2002-05-25 1 Vikram Khanna - EXCLUSIVE Dramatic change in perception of risk since Sept 11 By' Vikram Khanna [SINGAPORE] Companies should brace for sharp increases in premiums as well as less extensive cover for virtually all types of insurance as insurers rerate risks and terms of cover,CHRIS LOH - 822 words
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Page 1 Advertisements
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Advertisement54 2002-05-25 1 Tic: I Great Singapore Sale: H best buys for golf, SOX looking a/ lack of liquidity for odd-sized lots, Pg 4 Giving stat boards more market-basedfinancing, Pg 4 N6w currency column Why has the yen suddenly become so strong? BTs currency specialist Larry Wee answers this question in a new54 words
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Advertisement7 2002-05-25 1 COLLECTIONS un^ s new image. PAGE 147 words
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Advertisement99 2002-05-25 1 IN FOCUS Makeover for Indonesian giants. PAGE 3 IftBART ['rCfID Here's I^^Hto Marilyn. PAGE 15 KJ SINGTEL, HMSUfT Justice Lai: Why was L|K3 tax element thrown in like a tan? ■■■next PAGE ha ,j| T S r Breguet. La passion laissa das tracaa. /y' 7 W Lady's Marine wristwatch m99 words
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next page
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Article, Illustration598 2002-05-25 2 r sivanithy - MARKET r sivanithy WHEN analysing large data sets that span long periods of time, statisticians often look for a phenomenon known as "regression to the mean". It sounds fancy and complicated, but what it means is that over time there's a tendency for natural systems598 words
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Article72 2002-05-25 2 Dsn 1,722.31 (+4.53) ST INDEX FUTURES 1,718.00 (4.00) SMMSCI FUTURES 215.40 (-1.20) Friday Change KLSEOOMP 765.86 1.73 NIKKEI 225 _11,976.28 157 HANG SENG _l 1,626.78 >2.03 SET INDEX 392.09 0.76 JAKARTA COMP .506.96 +359 MANILA COMP .1,335.12 +11.18 TAIPEI WPI 5,706.40 +156.44 SEOUL COMP 854.57 +9 06 SHENZHEN B72 words
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Article70 2002-05-25 2 FOREX RATES IIS$ S$ l'S$ (SS per US$) 1.799 £(US$/S$ per 1.453 1615 EURO(US$/S$/E). 0.919 1.653 DM 1216 1132 YEN 125.0 69.50 RM 3.800 tl 12 HKS 7.799 4.336 BAHT 4185 23X2 RIJPIAH 8355 4.978 PRIME RATES SINGAPORE* 525 KUALA LUMPUR 640 HONG KONG 5125 JAKARTA 3900 TAIPEI 670 words
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528 2002-05-25 2 LATEST US INDICATORS Govfs after-tax profit measure rises 0.9%; new home sales up 1% in April Bloomberg Reuters, AFP [WASHINGTON] The US government has revised downwards the economy's first quarter growth by a tad to 5.6 per cent but this is stillBloomberg; Reuters,; AFP - 528 words
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Article117 2002-05-25 2 IN the article "Buyers lead with $15m trade" (Executive Money, May 22), it was stated that Morgan Stanley acquired an initial 6.79 million shares of Seksun Corp on May 15 at 91 cents each, a discount of 22 per cent from the previous day's closing price of $1.17. Seksun117 words
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Article, Illustration552 2002-05-25 2 66-30 vote for Bill seen as significant presidential victory AFP [WASHINGTON] The Senate passed a broad trade Bill on Thursday night that would give President George W Bush the authority to reach trade agreements that are largely immune from Congressional tinkering, butAFP; REUTERS FILE PHOTO - 552 words
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719 2002-05-25 2 Angela Tan - SINGTEL-IDA SUIT Queried: Informal way in which IDA assumed tax and added it to compensation sum By t Angela Tan [SINGAPORE] A High Court judge asked yesterday why Singapore Telecom was given $388 million "under such informal circumstances" to719 words
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in focus
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Article, Illustration1095 2002-05-25 3 SHOEB KAGDA - Top Mod corporates are showing a knack for doing business anew, focusing more on commerce than politics, says shoeb kagda in Jakarta SHOEB KAGDA INDONESIA'S mighty conglomerates, which once cast a long shadow over the country's economy, are now re-inventing themselves to thrive in the new economic environment. The Asian1,095 words
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Page 3 Advertisements
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Advertisement124 2002-05-25 3 Since 1975 our worldwide staff of over 275 multi-disciplined professionals ■L 1 f including lawyers chartered accountants J A chartered secretaries and bankers have f m ml provided confidential and cost effective jgLg company formation in all the major low fpf tax areas including: Incorporation Fees from US$5OO The world's124 words
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Advertisement22 2002-05-25 3 Reach your shareholders and potential shareholders by publicising your company's financial results in our newspapers. Call toll-free: III!188B-288 8822 or email: ftrenlgfripfc.cgang22 words
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Advertisement610 2002-05-25 3 New Beginnings Nominations for the 2002 eso.startup awards are now open. To be eligible, a company must: k M be a prtvately-beW enterprise be under 5 years old M (trom date of Incorporation) have a strong nexus to Singapore*----, have at least 1 year of W audited financial results M610 words
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in the news
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354 2002-05-25 4 Chua Hui Min - But no plans to merge odd-tot trading with main marfcet: DPM Lee By Chua Hui Min THE Singapore Exchange has no plans to merge oddlot trading with the main stock market, but it is talking to industry players on how to354 words
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Article, Illustration453 2002-05-25 4 Vince Chong - DPM Lee: Bill seeks to make them more accountable By' Vince Chong CAPITAL injections in statutory boards will have to be more accountable with the introduction of a debt equity financing structure under the Statutory Corporations Capital Contribution Bill, read for the second timeFILE PHOTO - 453 words
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Article222 2002-05-25 4 Grace Tan - By i Grace Tan MAINBOARD-LISTED Boardroom Ltd has entered into a conditional agreement to acquire Arthur Andersen's corporate secretarial and accounting and payroll business for up to $6.5 million. Boardroom, owned substantially by several Ernst Young partners in their personal capacity, will pay an initial222 words
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Article, Illustration470 2002-05-25 4 Kalpana Rashiwala - Group books 33% off Ardmore Park's total profits for the year By Kalpana Rashiwala MARCO Polo Developments, controlled by Hong Kong's Wheelock group, reported a lower-than-expec-ted 35 per cent rise in fullyear group net earnings to $173.3 million. The rise was due mainly toFILE PHOTO - 470 words
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261 2002-05-25 4 Chua Hui Min - By Chua Hui Min MAINBOARD-LISTED Singapore Shipping Corp (SSC) announced yesterday a 4.5 per cent dip in net profit to $17.5 million for the year ended March 31, as turnover fell 20.5 per cent to $219 million. The company, which will pay a cash261 words
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Article357 2002-05-25 4 Reuters ASTI Holdings Ltd, a Singa-pore-based maker of semiconductor parts, said yesterday that it has sold its entire stake in whollyowned unit Semiconductor Technologies Instruments Inc (STI) for US$26.l million. Shares of ASTI rose as much as l.i per cent on the sale, butReuters - 357 words
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154 2002-05-25 4 Reuters SHARES of defence group ST Engineering hit a near sixmonth low yesterday with some analysts blaming its failure to announce new contracts after the government Budget announcement. The stock fell to $2.03 before crawling back to end unchanged at $2.06 in moderate trade.Reuters - 154 words
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248 2002-05-25 4 PUBLISHING group MPH Ltd swung into a net loss of $46.9 million for the year ended March 31,2002 from a net profit of $17.8 million previously, hurt by exceptional losses arising from a restructuring exercise. Group turnover decreased 10.2 per cent248 words
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459 2002-05-25 4 JF Fund says S'pore lacks catalysts in near term Reuters [HONG KONG] Investors should quit Singapore and steer clear of the Philippines but head to the riskier shores of Thailand, Malaysia and Indonesia, JF Funds said yesterday. "With the exceptions of SingaporeReuters - 459 words
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329 2002-05-25 5 Anna Teo - EYE ON THE ECONOMY By Anna Teo CHANCES are Singapore's economic growth will surprise on the upside this year, say United Overseas Bank's economists. They see the economy growing more than 2 per cent in the current quarter, and 6 to 8 per cent329 words
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IN BRIEF
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76 2002-05-25 5 Reuters SINGAPORE Aircraft Leasing Enterprise (Sale), a unit of Singapore Airlines, said yesterday it will lease a new Boeing 747-400F plane to South Korea's Asiana Airlines. Sale managing director Robert Martin said it would be the second purchase and leaseback agreement with Asiana.Reuters - 76 words
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78 2002-05-25 5 Reuters IN viestmjsnt iinti BIL International Ltd soared 18 per cent to $0,545 in heavy trading yesterday afternoon, prompting a query from the Singapore Exchange. The stock closed slightly easier but was still up 7.5 cents or 16.3 per cent to $0,535 onReuters - 78 words
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78 2002-05-25 5 APL, a unit of NOL Group, was named International Ocean Carrier of the Year by Wal-Mart Stores, the world's largest retailer. Flemming Jacobs, group president and chief executive officer of NOL and APL, said: "Our customers set aggressive targets and Wal-Mart is no78 words
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67 2002-05-25 5 THE Ministry of Trade and Industry said yesterday that Singapore and Australia have concluded their seventh round of free trade negotiations, held here from May 20 to May 24. Issues discussed include trade in goods and services, investment, financial services, government procurement, competition67 words
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Article118 2002-05-25 5 THE Central Provident Fund (CPF) interest rates and Housing and Development Board (HDB) mortgage rate will remain the same from July 1 to Sept 30. In a joint statement yesterday, the CPF Board said it will pay interest of 2.5 per cent per annum118 words
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277 2002-05-25 5 JFK Miller - MAIL B A G JFK Miller Head of Singapore New Market (Asean) Development, ACCA I REFER to the article "Dangerous to extend curbs on auditors" by David Mason in The Bottom Line column (Editorial Opinion, May 22). Auditor independence is one of the important277 words
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Article211 2002-05-25 5 Basskaran Nair - Basskaran Nair SVP, Communications CapitaLand Ltd BT columnist Lee Han Shih, in his article "70% of CPF is in property" (BT, May 21), misquoted out of context Steven Choo's remarks in an earlier BT article "CPF funds: More held in cash than in housing" (BT, May211 words
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Article, Illustration514 2002-05-25 5 Christopher Tan - Improvement not likely this year with economic slump; SMRT restructuring Into four groups to better define its various businesses By\ Christopher Tan as expected, transport group SMRT Corp turned in substantially weaker results for the year ended March 31, 2002. And things are not likelyCHRIS LOH - 514 words
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Article, Illustration373 2002-05-25 5 He sees S Korea and China leading region's recoveiy AFP FORMER US president Bill Clinton said yesterday he is upbeat about Asia's prospects of recovery from the economic downturn with South Korea and China taking the lead. Mr Clinton, in Singapore as a motivational speakerAFP - 373 words
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Article, Illustration507 2002-05-25 6 Tycoon's brother and Nontenant salvage part of Ms empire with RM510.9m offer for 45X share in cash-rich fimi Reuters [KUALA LUMPUR] Allies of fallen Malaysian tycoon Tajudin Ramli salvaged part of his crumbling empire yesterday when a state agency accepted their RM510.9Reuters; NSTP FILE PHOTO - 507 words
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391 2002-05-25 6 Reuters [KUALA LUMPUR] Johor Corp and its subsidiaries have signed a pact with 54 creditors to restructure RM4.03 billion (Ssl.9 billion) of debt, Malaysia's Corporate Debt Restructuring Committee (CDRC) said yesterday. "The Johor Corporation restructuring will reduce the level of non-performing loans in theReuters - 391 words
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Article, Illustration381 2002-05-25 6 Eddie Toh - From] Eddie Toh in Kuala L/umpur MAXIS Communications is set to raise more than RM3 billion (Ssl.4 billion) in one of the largest initial public offerings in Malaysia. The company controlled by reclusive T Ananda Krishan's Usaha Tegas yesterday said it plansREUTERS FILE PHOTO - 381 words
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453 2002-05-25 6 Film expects to make a profit within the year Reuters [KUALA LUMPUR] Malaysia's smallest cellular firm Time dot Com shrugged off speculation yesterday it may be a rival's takeover target, focussing instead on plans for going solo in its bidReuters - 453 words
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270 2002-05-25 6 Harish Mehta - From] Harish Mehta in Bangkok ASIA'S newest economic forum is set to kick off next month in Bangkok when the region's economic powerhouses meet to forge closer financial links and boost their bargaining power against other global economies, officials said. Dubbed the270 words
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551 2002-05-25 6 But corporate survival could moan pay cuts, he warns Bloomberg rHONG KONG] Putting his money where his mouth is, Asia's richest tycoon Li Hashing said yesterday his global empire plans to add 10,000 jobs this year, including 2,000 in recessionwracked HongBloomberg - 551 words
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228 2002-05-25 6 Reuters [KUALA LUMPUR] Malaysia's state pension fund, the Employees Provident F\ind (EPF), has emerged as the single largest buyer in RMS.I billion (552.41 billion) worth of Islamic bonds issued by toll road company Plus, banking sources said yesterday. Projek Lebuhraya UtaraSelatan (Plus), aReuters - 228 words
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NOTE BOOK
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Article64 2002-05-25 6 Reuters [NEW YORK] American International Group, the world's large* insurer, said on Tlranday it has ben granted a licsnoe to sell lift insurance in Bering, making it the flrrt foreign insurer allowed to do business in Bering. AIQ is the largest foreign insurer in China,Reuters - 64 words
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73 2002-05-25 6 Bloomberg (HKiJiNu] Cninese state companies' profit dropped by a fifth in the first four months of the year as prices fell and rising unemployment damped domestic demand. Profit at stat»-rtm mmjwnUt jp p^. cent in the January-to-April period from a year earlier toBloomberg - 73 words
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60 2002-05-25 6 Reuters (TAIPEI] Some 61,000 businesses cloeed their doors in Taiwan during the ialand's worst economic downturn on record in 9001, up 9.5 per cent from the previous year, the cabinet's Directorate General of Budget, Accounting ami Statistics said yesterday. Total revenues of the island'sReuters - 60 words
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Article86 2002-05-25 6 Bloomberg [JAKARTA] PT Bonk Niaga said profit in the first quarter more than doubted from a year earlier after the government agreed to a new bail-out for the lender. Profits in the first three months were 57.5 billion rupiah (5f11.5 million), or 0.78 rupiah aBloomberg - 86 words
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78 2002-05-25 6 Reuters [MANILA] Philippine Long Distance Telephone Co (PLOT) yesterday sakl it has not considered a public offering for its highly profitable oellular unit, Smart Communications. In a statement to the Philippine Stock Exchange, responding to a newspaper item that said Smart could go publicReuters - 78 words
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66 2002-05-25 6 Reuters [JAKARTA] Indonesia's Parliament has approved troubled state-owned Bank International Indonesia's plan for a 4J6 trillion rupiah (SsB7o million) rights issue, the bank said yesterday "The priority of the management after getting this approval is to realise the boosting of capital through the rightsReuters - 66 words
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Article, Illustration442 2002-05-25 7 Phone makers would be Mt Iff handset ,H ■If n 1 1 flfllflDOH Ivfvl capped at half that allowed overseas Reuters [BEIJING] China may impose the world's toughest mobile phone radiation standards due to fears of health risks, telecoms officials said yesterday, threatening global cellphoneReuters - 442 words
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Article467 2002-05-25 7 Top 4 in the red by Zl\ yen, are hopeful of purging bad loans from their balance sheets Reuters. Bloomberg [TOKYO] Japan's big banks reported huge annual losses yesterday, including a record loss for a Japanese company, but they forecast profits for the year aheadReuters.; Bloomberg - 467 words
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281 2002-05-25 8 Bloomberg, AFP [SACRAMENTO, California] Accounting firms would be subject to disciplinary action if they fail to preserve audit documents for at least seven years, under a bill approved by the California assembly. The measure, approved by a 50-0 vote, defines the wilful destruction of audit recordsBloomberg,; AFP - 281 words
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Article, Illustration338 2002-05-25 8 STREET UNDER SCRUTINY SEC wHI soon consider rules requiring them to certify theft the reports reflect their views Bloomberg [WASHINGTON] The Securities and Exchange Commission will soon consider rules requiring stock analysts to certify that their research reports reflect their views, SECBloomberg - 338 words
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Article, Illustration269 2002-05-25 8 Bloomberg [LONDON] GlaxoSmithKline pic shares posted their biggest drop in almost three years yesterday after a US judge voided patents for Augmentin, an antibiotic with annual revenue of US$2 billion, clearing the way for the sale of cheaper versions. Without Augmentin, its second-biggestBloomberg; Source: Bloomberg - 269 words
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246 2002-05-25 8 AP [NEW YORK] In what is expected to be the beginning of a spate of long-feared layoffs, more than 700 employees at IBM Corp plants around the United States were told on Thursday that their jobs would be eliminated. In Endicott, New York,AP - 246 words
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526 2002-05-25 8 IF! be a Ms bad bear market punctuated by HtHe rebounding bud markets, say chartists Reuters [NEW YORK] Wonder what's in store for Wall Street? Climb up to the top of the Empire State Building and drop a golf ballReuters - 526 words
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Page 4 Advertisements
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Advertisement38 2002-05-25 4 ■BQnrasniHHHHi I& I I with I I Toa Payoh Central I I Merchants' Association I I Can neighbourhood I I shopping districts I I compete with I I large shopping malls? I I I I m *9n*4><c>? I38 words
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Page 5 Advertisements
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Advertisement133 2002-05-25 5 mk fcw tmmmi —i iwiiwipixojg Capital Markets Team against f aS s premium service is access to To deliver comprehensive "T JcTopiUl Markets Team In Singapore and Hong With the the following skill-sets: as al available investment instruments Kong, we seen Counselor /o30g jn this role Citigroup Pnvate B Vj||133 words
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Article5938 2002-05-25 7 Transaction date: May 24 for live prices, log on to wivwxisiaonemarketsjoom JM UM M om IIQH Mftr Mr WM M Mb Mk| I—I tew Cimii) g W- —I Law Bayer Utm Cm W J M» 9 < ASNAmroMLG 56c 9 U 14 IB 22 5 15 c ACE5,938 words
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Article51 2002-05-25 7 u* MM* MQM Mk Mr «r*M mm mem aitaa t— i*t w- fi i— rn*m t*m cm rm wJ wri ***** 40 t fltoiwi UVSMOcd tae an is oi us T*tf> ummm S7i IS MSG Sport US575 INimiSWW UMHM immim USNMM iBSIWiSTIfTIlOO 1727 -S 17 17* 1727 172751 words
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Article1575 2002-05-25 7 «Mi MM Day >1QnH OMr Mr Ort* MM MCm Mag 6» lea r >II| M» f| MM lam rnmm i+m Cm HI >3 Wfc» 325 UcAMHMpSc 175 unch 30 17 5 17.5 17 175 ]JJ is 405 II c APOISc 21ad -05 20 21 21 21 225 51,575 words
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Article383 2002-05-25 7 U4M Last V* Omi LartQwta GrtNv Mo fiftM MM MCm u» ciwpn) u* w- *m 0# t— —r* uam cw m til IB 0 AVJemngt 100 A 103cd Lnc* IS 105 103 103 105 38 17 9.2 7 6 271.7 IIS 0 AVtamnpA25cA 104cd iw*t> 357 105 104383 words
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Page 8 Advertisements
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Advertisement18 2002-05-25 8 L i V/flavour yet meaty news angles i mrcj^^H Get your copy every day! |fi|[lfl£^| newsy news j18 words
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motoring
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Article, Illustration587 2002-05-25 9 CHRISTOPHER TAN - Sexy, sassy, sensational. These compliments will soon be used on cars from a marque that made chop suey(m wheels, reports CHRISTOPHER TAN CHRISTOPHER TAN NISSAN and style are seldom mentioned in the same breath. Models from Japan's No 3 car-maker have long tended to be faceless, soulless587 words
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BRAVE NEW WHIRL
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Article84 2002-05-25 9 HONDA Motor has unleashed the NSX-R, an extreme version of the 12-year-old NSX supercar. The new car goes on sale in Japan this week, and should be available in Singapore on request. Honda made an R version of the NSX in 1992, but the latest variant is84 words
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Article86 2002-05-25 9 TWO single-make classes, Honda Civic ESI and Daihatsu Charade GTti, will be introduced at the Shell V-Power Sprints/SuperSprints on Monday. To be held at Kallang Car Park F at 9am, the event has attracted 180 entrants. The Sprints will consist of a drag race,86 words
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85 2002-05-25 9 AUDI'S A 4 is now available with a new two-litre 150-horsepower, 200-newton-metre petrol direct-injection engine. Not only does the car perform better with this engine, it also more fuel-efficient and cleaner. Audi claims the car covers 100 km on just 7.1 litres of85 words
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Article78 2002-05-25 9 After a dry spell, Mazda is finally coming out with some interesting models. The Mazda 6 sedan (replacing the 626) should be the marque's first serious contender in a segment long dominated by Toyota's Camry, Honda's Accord and Nissan's Cefiro. Then the RX-8 sports car, with78 words
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Article, Illustration115 2002-05-25 9 BEHOLD the most powerful production Golf ever: the 241-horsepower R32. The car's engine, a 3.2-litre V 6, was first seen in the Beetle RSi. This engine will also be in the entry model of Volkswagen's luxury Phaeton model. It delivers 320 newton-metres of torque from115 words
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98 2002-05-25 9 CHRISTOPHER TAN - Compiled by CHRISTOPHER TAN For the June holidays, Honda Club is organising a driveaway trip to Penang for all Honda car owners. The four-day, three-night holiday will include treasure hunts, scenic routes, eating at Gurney Drive, windsurfing, water-skiing, exploring jungle trails or simply98 words
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Article, Illustration958 2002-05-25 9 Frost would never haw approved, but beck, with a car like the CR-V, it will always be the bitumen that beckons, CHRISTOPHER TAN reckons AS much as rivals hate to admit it, Honda is one of those brands that set benchmarks. I don't know whether it's958 words
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in the money
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Article, Illustration943 2002-05-25 10 larry wee - v From dire predictions of 160 yen per US$, there are now 110 yen forecasts larry wee Barely two months ago, all analysts could talk about was how bad things were for the yen. But over the past few days, Japan's currency hasSpurce: JP Morgan; AFP - 943 words
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815 2002-05-25 10 Sebastian Chang - INVESTOR EDUCATION By I Sebastian Chang IN THE past two columns, we've dealt with some of the data items typically published in newspapers. We used the BT share price page for illustration. This week we'll discuss the "Net PE" column. Over a815 words
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Article, Illustration158 2002-05-25 11 uaepwe iw» tocaooune tapering off to one of thequtoteet twfaipiwates ttfeyear, our DBS Victors model portfoio *1# a»—ttx twiSS? 6 *43 40(X0Q0 shams last month at $0.36 ;a, showing signs of a 2*3?^ **NltywKdto down ateo fete ptortfae end of expect much movement from this second managers would158 words
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487 2002-05-25 11 Patrick Peek - Bu Patrick Peek The writer is a vice-president at Paris-based JCF Group THIS week we received a total of 32 recommendation changes 26 upgrades against six downgrades. Some blue chips returned to the spotlight after a long absence. On Friday last week, SIA surprised analysts487 words
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344 2002-05-25 11 BANGKOK Reuters SOUTH-EAST Asia's stock markets, struggling to bounce back after being thumped by global economic gloom, now have to take on a new and unexpected rival: soccer. Some retail investors in the foot-ball-crazy region are already offloading shares so they canReuters - 344 words
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Article, Illustration669 2002-05-25 11 r sivanithy - CAVEAT EMPTOR Doing research, upgrading skills are no longer optional pursuits lor the average investor r sivanithy NECESSITY, it is said, is the mother of invention. And nowhere is this more apparent than in the quest for the public's money. Consider the market for669 words
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Article2748 2002-05-25 10 UNIT TRUSTS FUNDS cwMeaAsumBaiwad OtrSelect Asia Tilt Growth 1JV ObSttect Aaa TiH Erh Grth 1.17/ AM Amro Asset Mgt (S'pore) ObSelect Global Growth 109/ Star Europe Eqty<* 0.77* CJtlSelect Global Incoma 1.1V Star EuropeBd. tin CM Global Healthcare Fund 09V Star Europe Bal o—kj CMGt>RnSrva Fund 0931 Star Asian ToerEqty2,748 words
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Article720 2002-05-25 11 for week beginning May 20 *m mm WWiShing A Connau** *oom. 2 S-Jun |«M Carton Ho« Spar* KfcwtaHhtoad OuMfrfwuA 1* floor 9J0mn wm* Sou* CMna ttolal «7-n MM North total Hang Kong TV* Soon 20 toftto n*c* t7-Am I0 00*rr CKHMgi 47 Sung* Udul Ony» 11-Jun720 words
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week in review
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Article, Illustration834 2002-05-25 12 For the full stories, visit http://business-times.asial.com.sg 5-yr bank liberalisation time-frame not cast in stone: MAS May 22 THE Monetary Authority of Singapore has hinted that a five-year plan to liberalise the banking sector could be accelerated and more Qualifying Full Banks (QFBs) admitted. It's not goingFILE PHOTO - 834 words
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Article264 2002-05-25 12 QUAKHUNGWHM May 21 Allow media coverage of bank AGMs THE annual general meeting is when the people in charge have to face their stakeholders. Allowing media coverage will raise corporate governance and disclosure standards. If banks recognise the importance of investor relations and are thinking of going264 words
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Article2087 2002-05-25 12 Transaction date: May 24 KUALA LUMPUR M2 O.<H S Vo4 RBM 2.M -004 3 AM W- (400) fWWustries 433 -0.02 9 Gadana 1.40 inch 11 AftMRealty 1-23 0.03 24 Gamuda 630 inti 1978 Abrk 1.78 0.02 40 GanadCorp 1.00 inch 0 ACP Industries 3.34 0.02 70 GaraTath 1-29 unch2,087 words
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Article436 2002-05-25 12 I i Transaction date: May 24 **—'1 w 9m amp £*L„, ss-» ui IM g""*£*ond* I* on out JS tJS® £md sgr*. s ts jar sr"* as?* EjW". sr IS sr. gs« g«£ c Jg «g Estt 1 2m 31 55 J25 ft#1# Mas* "> I*S t-tfSfwac m ij»436 words
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Article536 2002-05-25 12 BONDS WARRANTS 5EEEH *m- cmmt» Mm %hrt| up AS71V M J 35 1 K -1 159 25 Aow>L8dWW***** 1 SO 458 117 31 *W**«***** CAS -2 365 1 J3 5 M7 37 Amwrong W*****0 4 AS 10 1 10 27 2.75 24 WoodPVWWU 05 1 m 2675 1200 2 64r6%5A09O9O1536 words
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travel
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Article, Illustration1040 2002-05-25 13 SYLVIA TAN - SYLVIA TAN takes a trip to Dublin, and finds up-to-the-minute cuisine housed in traditional Irish institutions SYLVIA TAN NEVER ask an Irishman for directions he never gives you a straight answer. Instead, he'll give you long-winded stories with lots of colourful asides as well as the directions,1,040 words
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Article, Illustration255 2002-05-25 13 Air France scores with its latest ad campaign YOU usually know an airline advertisement when you see one smiling hostesses, sleeper seats, lobsters on real china. So when Air France created a new series of print advertisements that featured un-airplane like visuals of a woman in a Marilyn Monroe255 words
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Page 13 Advertisements
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Advertisement922 2002-05-25 13 DiNING AT THE MALLS Junction 8 I ■HtH _|i| K Seoul Garden: #01-31. Tel: 6256 9339 V -La- EotMictOC-.:-'. "f coo.!". sc-ci'ood u- t > i Vf~i JOCit tit the- !-CrTC l( cc r to- Do Vbti*S'*W ico 'ictirc :-;j e cr»: r v v '> ciayr, >, :h if.922 words
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what's in style collections
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Article, Illustration1089 2002-05-25 14 CAT ONG - When Dunhill went soul-searching for a new look that would appeal to those with dash and cash, it struck gold with designer Dan Ward's lean lines and racy details. Sir Alfred himself would have approved, as CAT ONG finds out CAT ONG Cat Ong is a freelance1,089 words
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Article, Illustration453 2002-05-25 14 CHEAH UI-HOON - CHEAH UI-HOON discovers the delicate and disappearing art of African textiles CHEAH UI-HOON "THEY have this spark of life in them. There is so much power, so much passion," exclaims Anita Schroeder, in her 50s and a collector of African textiles who has been enamouredPHOTOS BY CHRIS LOH - 453 words
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Article4648 2002-05-25 14 i Transaction date: May 24 for more, go to iwvwxisiaoizenrriarketsjxmi HONG KONG Hysanoev i« OJO BIO JM mterchma Hldgs .0.94 ***** mrlBankof Asia jjm 0.03 1390 —2-2 ox* 1 «O 225 4212 ExprwH... .205 inch 8776 llSSlSSSSLiu JangsuNandasoftCoH.0.75 -0.01 174 HI 221 16 2SS Jiangs Copper H— 1064,648 words
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what's in style art
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Article, Illustration543 2002-05-25 15 PARVATHI NAYAR - Explorations of the human form take centre stage in a show by Indonesian artist Teguh Ostenrik and his students. PARVATHi NAYAR takes a look PARVATHI NAYAR THE human body has been getting some artistic attention in Singapore, in part, due to artists involved in the discipline of drawing543 words
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Article, Illustration537 2002-05-25 15 Cheah Ui-Hoon - Celebrate the Monroe legend at a show of poster-sized photography at The Touch By Cheah Ui-Hoon THE suggestive gleam of her eyes, seductively framed by long, curled lashes; the coquettish smile; the blonde curls no other pin-up girl packs the sex icon punch like Marilyn Monroe. Forty537 words
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Article414 2002-05-25 15 CHEAH UI-HOON - Compiledby\ CHEAH UI-HOON A roundup of events On a whim Creating art on a whim and led by on-the-moment inspiration are two artists —Tang Da Wu and Zai Kuning. "I told Da Wu if he'd like to show his drawings in Onistudio and he replied 'Why not we414 words
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Article, Illustration922 2002-05-25 15 Transaction date: May 24 ARTKRBAME CROSS RATES Wr WSMUfc— tti 1» 1 N, —< Sir WTj KtNi m H"" 1 M53 52 i<B 1221 27J30 ***** 0392 2.104 UK ***** ***** 0 996 1602 0370 19 060 2172S OJffl avu 2? iS JS 52 ?S 2E S SI^«£E«55SmSS2 Fm922 words
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Page 15 Miscellaneous
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Miscellaneous277 2002-05-25 15 CRVFTIC CROSSWORD ACROSS s a )olrt ,0 initate with H B I [5 I pT I "E —I [e Hp —HH§ 1 Send the application too late >ra 'tch to^(^ eS 9 FatE^tappedrtsxL ttal- 6 shows H H W 10 High-handed sokiers in kha- 7 one falls but the HI277 words
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what's in style
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Article, Illustration2448 2002-05-25 16 VEN SREENIVASAN,CHEAH UI-HOON, JAIME EE - It's Great Singapore Sale season again. VEN SREENIVASAN, CHEAH UI-HOON and JAIME EE trawl the shops for bargains that'll be worth your while VEN SREENIVASAN,CHEAH UI-HOON, JAIME EE WITH sales more a norm than an exception, why would the Great Singapore Sale be anything different? Obviously a lot2,448 words
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Page 16 Advertisements
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Advertisement5 2002-05-25 16 MvIvRINQIgg new -"4: > *"vf />"?$»?**' JPiK *$<#*5 words
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