The Business Times, 1 June 2002

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Total Pages: 16
1 16 The Business Times
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  • Title Section
    Lock icon Masthead
    14 1 THE BUSINESS TIMES weekend JUNE 1-2,2002 85C ln!e>n»M lillp business limes asial cum si|
    14 words
  • Article, Illustration
    Lock icon Far East poised to regain market share
    710 1  -  Group expects to sad •bout 1,000 homes tMsyeap targets eventual 25% market skate By Kalpana Rashiwala [SINGAPORE] Major Singapore property player Far East Organization, which has seen its market share of private home sales whittled down from 40 per cent at the peak
    FILE PHOTO  -  710 words
  • Article, Illustration
    Lock icon Dayen surges 56% with lifting of designated status
    419 1  -  Sham off fish breeder Qian Hu also hit the limelight By Serena Ng [SINGAPORE] Proprietary and contra traders ploughed back into the shares of Dayen Environmental with a vengeance yesterday, sending the stock soaring 56 per cent immediately after the Singapore Exchange
    Source:  -  419 words
  • Article, Illustration
    Lock icon This is not the Borders I love
    870 1  -  sAMI K> > s O T)w bookstore riilri twit frtowau wWi —nit wong wei kong BORDERS the bookstore has just lost a loyal customer. And you can bet your money he won't be the only one. Last week, I had to explain gently
    870 words
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  • next page
    • Article, Illustration
      Lock icon MSCI changes add to May's woes
      586 2  -  MARKET REVIEW r sivanithy A WEEK ago in this column, we suggested that the month of May could turn out to be a low point for trading this year. And from the looks of things, this may well be the case. The Straits Times
      586 words
    • Article
      Lock icon MARKETS
      74 2 Dsn 1,671-84 (-11.59) ST INDEX FUTURES 1»S70.00 (-17.00) n SIMSCI FUTURES mm 209.70 (-2.00) Friday Change KLSECOMP 741.76 -17.57 NIKKEI 225 ._11,763.70 *.33 HANG SENG _l 1,301.94 -78.67 SET INDEX 407.96 +055 JAKARTA COMP _530 79 +8.24 MANILA OOMP _1 J 15.0 1356 TAIPEI WPI 5.675.65 -6054 SEOULCOMP 796.40
      74 words
    • Article
      Lock icon FINANCE
      71 2 FOREX RATES us$ s$ US$ (S$ per IISS) 1.785 £(US$/S$ per S) 1.466 1617 EURO(US$/S$/E) 0537 1.672 DM 1216 1142 YEN 124.0 69.50 RM 1800 1129 HK$ 7.799 4J71 BAHT 4139 23.75 RUP1AH 8,725 4.889 mm. rates SINGAPORE* 5i5 KUALA LUMPUR 640 HONG KONG 5.126 JAKARTA .3900 TAIPEI 1.725
      71 words
    • Article, Illustration
      Lock icon Moody's debt rating cut irks Japan
      731 2  -  Downgrade to Botswana's level braises oaly egos as markets ignore move From, Anthony Rowley inTokyo RATING agency Moody's yesterday delivered another blow to Japan by downgrading its foreign currency sovereign debt to a level equal to that of developing countries such as Botswana, and
      731 words
    • Article, Illustration
      Lock icon KT&T: dotcom investments a mistake
      548 2  -  By Serena Ng [SINGAPORE] Keppel Telecommunications and Transportation said yesterday its substantial investment in tech stocks during the dotcom boom was a mistake that depleted its shareholders' fluids by about $140 million due to subsequent write-downs. Company executives told minority shareholders at KTT's annual general
      FILE PHOTO  -  548 words
    • Article
      Lock icon Correction
      83 2 In the article "Sentiment high, but buy values plunge" (BT, Executive Money, May 29), it was mentioned that Airocean's chief executive Thomas Tay sold 5 million shares, which reduced his holding by 87 per cent to 740,731 shares. Hie sale was, in feet, from his direct interest, and represented
      83 words
    • Article
      Lock icon Four groups submit bids for desalination
      470 2  -  PUBuqrsitwH innounce the winner inlastqurter By David Boey lauNUAruKKj a pilot tender for the supply of desalinated water has attracted just four tenders from an original field of 11 bidders who pre-qualified last November, said the Public Utilities Board (PUB), Singapore's water authority, yesterday.
      470 words
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  • in focus
    • Article, Illustration
      Lock icon Milestone win for Far East
      1089 3  -  FIABCI AWARDS Far East chief says rise in quality of projects is due to buyers' willingness to pay, but the market is at a crossroads now. KALPANA RASHIWALA reports KALPANA RASHIWALA FOR Far East Organization, winning the top honours from Fiabci, the Paris-based international real
      1,089 words
    • Article, Illustration
      Lock icon KepLand gets special mention
      376 3  -  Villa Verde project combines three design themes By Vince Chong KEPPEL Land has received a special mention in the prestigious Fiabci awards for the second year runing this time for its 515-unit landed development Villa Verde in the residential category. A four-day buyers' queue preceded the
      376 words
    • Article, Illustration
      Lock icon Kudos for House of Tan Yeok Nee
      530 3  -  Singapore's last traditional Chinese courtyard bouse Sets special mention Byi Cheah Ui-Hoon A CONSERVATION project, the House of Tan Yeok Nee which now houses the University of Chicago's graduate school of business, has received special mention by an international real estate federation. The
      530 words
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  • in the news
    • Article
      Lock icon Republic Hotels shares soar on move to privatise it
      509 4  -  M&C to acquire outstanding sham at $1.30 each; group intends to seek delisting Rl Andrea Tan NEWS that property tycoon Kwek Leng Beng's Millennium Copthorne (M&C) will buy over each Republic Hotels Resorts share at $1.30 sent the stock racing yesterday
      509 words
    • Article
      Lock icon OCBC's new scheme gives back 0.75% of home loan in cash
      343 4  -  By Quak Hiang Whai BANKS continue to think up new ways to entice homebuyers, with OCBC yesterday unveiling a scheme that gives 0.75 per cent of the loan amount back in cash. The package applies to loans for completed
      343 words
    • Article
      Lock icon Amtek profits up 108% to $29.8m
      188 4 MAINBOARD listed metal processing firm Amtek Engineering has said profits for its nine months ended March shot up 106 per cent to $29.8 million, thanks to recent full-scale production at its Indonesian-based operations and stronger orders from its Malaysianbased unit. Turnover for the period
      188 words
    • Article
      Lock icon Royal Clicks profit slips despite 44% higher turnover
      194 4 SPORTING goods firm Royal Clicks yesterday posted a slightly lower net profit of 96.8 million for the year ended March, despite a 44 per cent jump in turnover to $216.7 million. The company, which incorporates Royal Sporting House group, said that despite
      194 words
    • Article
      Lock icon AFP says it's viable, plans to dispose of $60m non-core assets
      386 4  -  Byi Andrea Tan DEBT-RIDDEN Asia Food and Properties (AFP) yesterday assured shareholders that it can carry on as a going concern and will dispose of some $60 million of non-core assets. "Despite the difficulties we're facing, the business is
      386 words
    • Article, Illustration
      Lock icon Hyflux wins UMC water treatment deal
      374 4  -  It expects more orders from cWp giaatoaceS'pore piaat starts ops By David Boey AFTER winning its maiden contract from computer chip giant United Microelectronics Corp (UMC), local water treatment firm Hyflux has its eye on further tenders expected from UMC's upcoming wafer foundry at
      Source: Bloomberg  -  374 words
    • Article
      Lock icon Merrill upgrades SIA shares
      155 4 Reuters MERRILL Lynch has raised Singapore Airlines (SIA) to a "strong buy" from "buy" with a 12-month price target of $16.70. Simon Gresham, AsiaPacific transport analyst at Merrill Lynch, said in a report dated May 30 it was evident the operating environment for SIA was more
      Reuters  -  155 words
    • Article, Illustration
      Lock icon Creative buys into Lucasfilm unit
      163 4 Bloomberg CREATIVE Technology Ltd, which makes computer audio products, reportedly invested in a unit of George Lucas's movie company, a move analysts said may help Creative develop new home entertainment devices. Creative invested an undisclosed amount in Lucasfilm Ltd's THX Ltd, which develops standards for
      Bloomberg; REUTERS  -  163 words
    • Article
      Lock icon Alliance Tech sinks deeper into the red
      194 4 TROUBLED Alliance Technology and Development Ltd has posted a group net loss of $31.8 million for the year ended Dec 31, 2001, up from $370,000 previously. The mainboard-listed group's revenue dipped 18 per cent from $35.8 million to $29.3 million. The debt-laden eye-care
      194 words
    • Article
      Lock icon GE Capital enters S'pore consumer finance market
      367 4  -  It boys auto finance firai SDL Leasing from ÜBS Warburg By Quak Hiang Whai THE Singapore consumer finance market yesterday saw the arrival of a major global player GE Capital Corp the finance arm of General Electric Co. It bought into an automobile
      367 words
    • Article
      Lock icon Credit card write-offs continue mounting in April
      358 5  -  By\ Siow Li Sen CREDIT card write-offs continue to mount but bankers are not only shrugging it off but are doubling their efforts to boost market share as the current recession, the worst in over three decades, is also a time of opportunity.
      358 words
    • Article
      Lock icon Far East bags white site
      74 5 THE Urban Redevelopment Authority yesterday said it has awarded the 7,823 sq metre "white" site at Sinaran Drive near Novena MKT Station, to the Far East group's Glory Realty for $100.8 million. Glory Realty beat bids from United Overseas Land by just $4.7 million and
      74 words
    • Article
      Lock icon China boosts April visitor arrivals
      308 5  -  tourism By, Adeline Chia VISITOR arrivals in April rose 1.4 per cent year on year to 621,957, as China overtook Japan to become Singapore's second largest visitorgenerating market. The number of Chinese visitors jumped 70.2 per cent to 63,878 second to the number of Indonesians
      308 words
    • Article, Illustration
      Lock icon JTC may privatise units in 2-3 years
      398 5  -  Some of the more commercially-oriented activities wM be privatised Reports by Vince Chong SINGAPORE'S largest industrial landlord JTC Corp may privatise subsidiaries Jurong Consultants and Ascendas in two to three years, in line with the government's aim to divest public bodies. This was
      TAN SUAN ANH/ST  -  398 words
    • Article
      Lock icon Govt e-initiative will cut red tape
      322 5 Online application system to be launched this month THE government says its latest electronic business initiative will cut red tape and make it easier and faster to get new ventures started. Senior Minister of State for Trade and Industry Education Tharman Shanmugaratnam said yesterday
      322 words
    • Article
      Lock icon SingTel opposes StarHub-SCV merger
      459 5  -  The dominant local telco contends that the tie-op would 'unreasonably restrict competition' By David Boey SINGAPORE Telecommunications Ltd opposes the proposed merger of Star Hub Pte Ltd and Singapore Cable Vision Ltd (SCV), contending that the proposed tie-up would "unreasonably restrict competition". Sing Tel was one
      459 words
    • Article
      Lock icon Hollandse Club plans to bid for Pinetree
      57 5 Dow Jones Newswires HOLLANDSE Club, a Singapore4»sed expatriafe dub, has proposed buying Pinetree Town A Coantry owter recahwwhlp. for t maxl M«nof|BomnHotefinnan<fs»<aabsaidtaaMlirtc to membw earlier this week. HoU«teaut>wfllboid« nC dao^Mgyg—r tlniSSiri!3^U^ scale, Hoflnaies Qub laid. jssssisssssß&s tit „irt "i\n»r fsKiiiTi ij ihi ling
      Dow Jones Newswires  -  57 words
    • Article, Illustration
      Lock icon No change to JB customs deal
      413 7  -  GerbangPenJana dismisses report spying that it may lose the contract to Syed Mokhtar From] Eddie Toh in Kuala Lumpur A MEMBER of the Gerbang Perdana consortium has dismissed a report saying that it may lose the contract to build the new customs, immigration and
      413 words
    • Article
      Lock icon Manufacturers in M'sia seek tax cut
      146 7 AFP (KUALA LUMPUR] Malaysian manufacturers yesterday called for coiporate tax to be cot by 4 points to 24 per cant in thie year's Budget which will be preeented on Sept 20 to increase the country's competitiveness with its neighbours. The Federation of Malaysian Manufacturers
      AFP  -  146 words
    • Article
      Lock icon Tenaga, UBS in court dispute
      176 7 Dow Jones Newswires [KUALA LUMPUR) Tenaga Nasional yesterday confirmed it is involved in a legal dispute with ÜBS Warburg over two option agreements. Tenaga said in a statement ÜBS has initiated proceedings against it in a London High Court after it terminated two option agreements
      Dow Jones Newswires  -  176 words
    • Article, Illustration
      Lock icon Taiwan aviation officials resign
      282 7 CAL CRASH Bloomberg [TAIPEI] Taiwan's Cabinet approved the resignation of all directors at the China Aviation Development Foundation, which controls China Airlines Co, after the island's largest carrier on Saturday suffered its fifth crash in 11 years. Tsai Chao-yang, chairman of the state-controlled foundation, which owns
      Bloomberg; REUTERS  -  282 words
    • Article
      Lock icon World Bank sees faster Thai growth but warns on debt
      431 7 Reuters (BANGKOK] Thailand should see economic growth accelerate to 3.5 per cent this year and up to 4 per cent next year but must tackle bad loans in its financial system if the recovery is to be sustainable, the World
      Reuters  -  431 words
    • NOTE BOOK
      • Article
        Lock icon HK Q1 growth falls to meet expectations
        58 7 Bloomberg (HONG KONG] Hong Kong's economy grew less than expected in the first quarter as rising exports failed to counter declines in investment and consumer spending. GDP rose 0.3 per cent from the fourth quarter, seasonally adjusted, the government said. Hiat compared with
        Bloomberg  -  58 words
      • Article
        Lock icon Time Engg seeks to extend bend repayment
        52 7 Bloomberg [KUALA LUMPUR] Time Engineering will meet creditorson June 7 to seek their approval of an offer to repay US$l62 million, as it seeks to stop bondholders foreclosing on its assets. Time wants to extend repayments by six months to June 2005, instead
        Bloomberg  -  52 words
      • Article
        Lock icon HK adopts ministerial reform bill
        85 7 AFP (HONG KONG] Hong Kong Chief Executive Tung Chee-hwa's hopes of patting in place a new ministerial system of government have won an seal of approval from lawmakers. Legislative councillors late on Thursday voted 34 to 19 in favour of the ministerial reform bill after
        AFP  -  85 words
      • Article
        Lock icon DRB-Hicom Q4 earnings rise 82%
        56 7 Bloomberg [KUALA LUMPUR] Malaysia's DRB-Hlcom Bhd said fourth quarter profit rose 82 per cent mainly because of higher earnings at its automotive division. Profit in the quarter ended Mar 31 rose to RMII4 2 million (5553.6 million), or 12.5 sen a share, from RM62.8 million,
        Bloomberg  -  56 words
      • Article
        Lock icon Tenaga gets 80% of Perwaja debt
        84 7 Dow Jones Newswires [KUALA LUMPUR] Malaysian power utility Tenaga Nasiooal Bhd has recovered RM3oomillion (*****.8 miltoXormore than 80 per cent of the outstanding debt owed the company by ailing steelmaker Perwaia Trengganu, according to a Tenaga official. The company will write back the amount
        Dow Jones Newswires  -  84 words
      • Article
        Lock icon Bank of China HK holds share sale talks
        55 7 Bloomberg gK)NG KONG] Bank of China's Hong Kong unit met for the first time analysts from about a dozen banks hired to help it sell US$3 billion of sharesi^uljr bmtes wld. The meeting included representatives °^F°"^ SachB Group ÜBS Warburg and Bank
        Bloomberg  -  55 words
    • Article
      Lock icon Brilliance China Auto execs under asset-stripping probe
      420 7 ChahmM YaacßoNg om of those betag investigated: report [TOKYO] Several senior executives at Brilliance China Automotive Holdings (CBA) are under investigation over suspected asset stripping among the group's sprawling network of subsidiaries, industry insiders and Chinese officials said on Thursday, the Financial Times
      420 words
    • Article
      Lock icon Philippine taipans in bidding war
      442 7  -  Proi Al Labita in Manila THE Indonesian Salim group's plan to divest its Philippine telecoms and property ventures has sparked a bidding war between taipans John Gokongwei and Alfonso Yuchengco. The rivalry surfaced after First Pacific Co Ltd, the Salim group's Hong Kong-listed flagship, announced
      442 words
    • Article
      Lock icon Six Indon firms fined over irregularities in Indomobil sale
      525 7  -  WikUnhpitt hHtyflumtnUßi 268.5b rapiah From Shoeb Kagda in Jakarta in a move that is expected to have far-reaching implications for Indonesia's asset sales programme and its privatisation plan, the country's anti-monopoly watchdog on Thursday penalised six firms involved in the government's
      525 words
    • Article
      Lock icon US non-farm productivity rises a robust 8.4% in Q1
      492 8 LATEST US INDICATORS Ifs the fastest growth in almost 19 years; factory orders up 1.2% in April Reuters, Bloomberg [WASHINGTON] US worker productivity shot ahead in the first quarter at the fastest pace in almost 19 years but more slowly than
      Reuters,; Bloomberg  -  492 words
    • Article
      Lock icon Gold price surges to 5-yr high
      477 8 Investors scramble for the buNion as war fears loom; further gains seen limited Reuters [LONDON] Gold soared to its highest level in nearly Ave years yesterday as India and Pakistan edged to the brink of war and investors scrambled for the ultimate safe-haven asset
      Reuters  -  477 words
    • IN BRIEF
      • Article
        Lock icon Nasdaq to delist Adelphia
        168 8 Dow Jones Newswires [NEW YORK] The Nasdaq Stock Market said it wUI delist shares erf Adelphia Communications Corp on Monday, striking a severe blow that analysts said will likely land the nation's sixth-largest cable company in bankruptcy proceedings. Adelphia, which has been faying to stave off
        Dow Jones Newswires  -  168 words
      • Article
        Lock icon KPN Qwest to file for bankruptcy
        44 8 Reuters [AMSTERDAM] KPN Qwest informed its employees yesterday afternoon that it would file for bankrupcty, a union official said. Staff were told to come to work on Monday, when management said the situation would be clearer, be said.—Reuters
        Reuters  -  44 words
      • Article
        Lock icon Nymex not merging with LME for now
        82 8 Reuters (NEW YORK] The New York Mercantile Rtrhanp (Nymex) has no immediate plana tn nr mprpp with the world's top metals marketplace, the London Metal Exchange (LME), a Nymex executive said on Thursday at the annual Copper Club metals industry meeting in New
        Reuters  -  82 words
      • Article
        Lock icon AT&T to raise US$2.25b in equlty sale
        60 8 Bloomberg [NEW YORK] AT&T Corp expects to begin and price an equity sale next week that is intended to raise about U552.25 billion. It plans to hold the proceeds from the offering to satisfy a portion of its AT&T Canada Inc back-end purchase
        Bloomberg  -  60 words
      • Article
        Lock icon Europe's May inflation at 5-mth low
        80 8 Bloomberg [BRUSSELS] Europe's inflation rate fell in May to a five-month low, giving the European Central Rank leeway to delay raising interest rates until the economic recovery gathers pace. Consumer prices in the 12 nations sharing the euro rose 2 per cent from a
        Bloomberg  -  80 words
      • Article
        Lock icon Wortd Cup 'hastens globalisation'
        71 8 Reuters [BANGKOK] The World Cup is accelerating the Process of globalisation, bringing the peoples of the world together and offering economic benefits to all, the World Bank said yesterday. World Bank chief economist Nicholas Stern said the world's biggest sporting tournament, which opened in the South
        Reuters  -  71 words
    • Article, Illustration
      Lock icon Europeans spend 96b euros a year on dieting products
      307 8 Reuters [LONDON] Guilt-ridden Europeans hoping to squeeze themselves into last year's swimsuits will spend a total of 96 billion euros (Ssl6l million) annually on dieting products by 2006, research suggested yesterday. A survey of seven European countries by market analysts Datamonitor
      Reuters; AFP  -  307 words
    • Article
      Lock icon Moody's slashes Qwest ratings to 'junk' status
      416 8 Reuters r [NEW YORK] Qwest Communications International JJ Inc's ratings were cut to "junk" status on Thursday by Moody's Investors Ser- vice, which said the No 4US local phone company has too much debt and may face a cash crunch if it does
      Reuters  -  416 words
    • Article, Illustration
      Lock icon April global chip sales fall 19%, says industry group
      357 8 This is the smallest decline since June 2001 Bloomberg [TOKYOj Worldwide com-puter-chip sales fell 19.4 per cent in April, the smallest decline since June of last year, an industry group said. Sales fell to US$ll.O7 billion, compared with U5513.74 billion in
      Bloomberg; AFP  -  357 words
    • Article
      Lock icon SEC votes to charge M'fsoft for bookkeeping violations
      484 8 ttomilretalthia fine as the acts did not harm investors Bloomberg LAT-WP [WASHINGTON] The Securities and Exchange Commission has voted to charge Microsoft Corp with violating bookkeeping rules for disclosure of millions of dollars in reserves from 1995 to 1998, SEC Commissioner Isaac
      Bloomberg; LAT-WP  -  484 words
    • Article
      Lock icon JP Morgan blocked Global Crossing bid?
      473 9 Apparent reversal of bank's support said to have caused colapse of talks NYT [NEW YORK] The collapse of an agreement last week for two Asian companies to make a bid for Global Crossing is being attributed to actions by JP Morgan Chase that may
      NYT  -  473 words
    • Article
      Lock icon IBM axed 2,000 global services staff: union
      170 9 Bloomberg [ARMONK, New York] International Business Machines, the world's biggest computer maker, cut about 2,000 jobs in its global services unit over the last two days, a union official said (Mi Thursday. The Communications Workers of America (CWA) union, which is trying to
      Bloomberg  -  170 words
    • Article
      Lock icon Glaxo, Bristol-Myers in exploratory merger talks
      360 9 Both have been straggling to discover enough mw drags NYT [NEW YORK] GlaxoSmithKline and Bris-tol-Myers Squibb have held preliminary discussions about the possibility of a merger, executives close to the talks said on Thursday. Both drug makers have been struggling in the last year
      NYT  -  360 words
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      Lock icon Page 5 Advertisements Column 1
      390 5 1 A o I ices 1 r vA if j| IN THE MATTER Of THE COMPANIES ACT. CAP. 50 AND IN THE MATTER Of OA-WIN DEVELOPMENT PTE LTD (In Voluntary liquidation) fINAL MEETING NOTICE is hereby given pursuant to Section 308 of ibe Companies Act. Cop. 50 ibat the Final
      390 words
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      Lock icon Page 5 Advertisements Column 2
      379 5 IN THE MATTES OT THE I COMFANHSACXCAF.fi I AND P IN THI MATTES OF LUNSENTSADE FTE LTD |L nonce or rmouSST f Al a Bunaatey Geaeni M«ta| of *e I ■ia>an(iit iinilCifjdMyK «waN aad keid M Robutoa load r KUJ2JOI SIF Boiidtof S.pp»r OM*W L loa Ike fey of May
      379 words
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      Lock icon Page 5 Advertisements Column 3
      66 5 New Beginnings Nominations for the 2002 eso.startup awards are now open. To be eNgtote, a company must A K Ibe a privatty-held entorprlee be under 5 years old iJ&L (torn dab of Incorporation) JEKL yk wm^JPtr haw a (bong nexus f I to Singapore*—-j B '*xnxrmn>M&Slm*ComtmimAtXCi(>SOnm*mlml{m»t V orornrnnl^bfS^ondKmmmmimtxmbaltqm H ar
      66 words
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  • mailbag
    • Article, Illustration
      Lock icon Home is part of retirement assets
      840 6  -  THE PROPERTY DEBATE Joseph Chong New Independent Financial Advisers Singapore I REFER to the recent articles on property and usage of the Central Provident Fund for property purchases. It is worrying to see us swinging from fervent (property) asset enhancers to illogical aversion. I
      FILE PHOTO  -  840 words
    • Article
      Lock icon Drawbacks of real estate investment
      351 6  -  Yeoh Boon Hua Singapore I REFER to the article "Property is still best bet for CPF ftrnds, says study" (BT, May 27) by Stow Li Sen. I am both surprised and concerned upon reading it. In land-scarce Singapore, it is safe to say that more
      351 words
    • Article
      Lock icon Govt should restrict the supply of land
      320 6  -  Mohd Sulelman Singapore I REFER to the various letters and articles by your reporters on property and forthcoming CPF changes (BT, May 27). Every letter and article contained some valid point but what puzzles me is that, despite two months of public debate,
      320 words
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      Lock icon Page 6 Advertisements Column 1
      260 6 I xJ.* 1 1 1 ,l>!:lWWTSHTWWytriPP»lff*PPrPMl^^^^^^^^^^^^^^^B^^B To tubscriba, call 6388-3838; OR; fax to us *674*4875; OR; mail thiTfonn to Singapore Prass HHHHHilmtfr' Holdings, 82 Ganting Lans, Nsws Cantrs, Circulation Ospartmsnt (Lsvsl 1), Singapore *****7. EXCLUSIVE FOR NEW HOME SUBSCRIBER ONLY(VAUD FROM 27 MAY TO 7 JULY 2002) Mode of payment
      260 words
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  • Article
    Lock icon SGX MAINBOARD
    2611 9 Transaction date: May 31 for live prices, log on to imvwxisiaonernarketsjoorri T-r a w a 3*s"sa i L- if *s S 5 £^i^c^ zz«i a, 1 Aberdeen 100 UK ISO 2731 M III T1 I "j'ffrsv* 21 gj u u *1 g J S3 1s i *5 Vs
    2,611 words
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    Lock icon SGX XTRANET
    43 9 c t .Si mS 9 u, ays,-s *s ts 14B0 »101 Oianonk USMOod I ZZ Ml BOtBUUSTiA UMCOOcd SIS «40 i B MSG Spore USS75 US» «N s 6SV500 USNMtad UMmisms USNNM IMS WMtSnOTWO MS -J S MM MM MM 1704
    43 words
  • Article
    Lock icon SGX SESDAQ
    614 9 ■ST, Cm> iS W- nSL bI* i—<f» MM MM MCm Ma -™-=-=ca =—Jt—09—i— %cvr 7m "3TS »3 UcAMHUgtk 17 HI «7 Z»V<ZEz==S! s assy—y r IHls 8 s s s 'n c iu H) us is S 1 l f I t il c 1«* 17 H3 *3
    614 words
  • Article
    Lock icon CLOB INTERNATIONAL
    117 9 as jgj'u. js*a. t g a s ssssf.—sa as's g? J» *1 1A Mau Owing nongSCk H* !7«0 MO U U 1 4HK.5 P"**"*"""" R 2 74 U SU m> 753 tl.1 2.1 4i m *5 115 GMtagMU5 «5 mtfi H2 «5 N M «5 «j juj H^
    117 words
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  • in the money
    • Article, Illustration
      Lock icon Watch these key levels as US$ falls
      749 10  -  CURRENCY PERSPECTIVE Market has become tough for those with regular foreign exchange requirements larry wee IN the past fortnight, the Jai anese yen and the Australia) dollar have continued t< strengthen impressively, tak ing the Singapore dollar wit] them at least part of
      Source: Reuters  -  749 words
    • Article
      Lock icon Buy into human assets, not fancy ideas
      1254 10  -  INVESTOR EDUCATION By I Sebastian Chong m WHEN I wrote this article on May 2 Datacraft Asia was last traded i US$1.45. This basement price was on] a fraction of the levels in 1999 and 20C and was indeed tempting to potentu buyers.
      1,254 words
    • Article, Illustration
      Lock icon talk
      43 11 TtofMotV*«fcthQiMb9twnwdaafttntldtor. Th« Idml and doMd Mi >j|f fmq prttammw: ttii mum uf ill iljaj_ i_..' Top picks for f/?e vveeA dfa sdfs sdf IMM Consumer 8.81 13.00 fit 10T 0l71 0l?6 S Ktl.OiWiuil MA kjto OB1 047 49 -7J tm SS SS
      43 words
    • Article, Illustration
      Lock icon Keep it simple, stockbrokers
      555 11  -  CAVEAT EMPTOR Avoid ambiguity, fine print and vague terms in investment advice r sivanithy IN a recent advertisement that appeared in US magazines and newspapers, finance powerhouse Prudential Financial took great pride in stating that it gave customers "straight talk from sharp analysts". The example given
      555 words
    • Article
      Lock icon 17 upgrades and 9 downgrades
      384 11  -  By] Patrick Peck The writer is vice-president at Paris-based JCF Group THE local market was weak in May. A recent series of contra/margin forced-selling has pushed the Straits Times Index downwards to break the 1,700mark. The index closed at 1,671.84 yesterday, down 3.1 per cent
      384 words
  • Article
    Lock icon STOCKS ASIA
    3193 10 Transaction date: May 31 for more, go to wwwjasjaonermiarket&jxym HONGKONG Hyianoe» -oh i 2 m x sssrjrazzzjs a 3 Aoo.iAMfcMbm.dto 020 undi 100 58hS*2* P iS* M *2 Alpha General .0.04 inti 4984 7X AnandaVMngOn 0.09 indi 0 teSu &»"m —oca 22? *2! Angara New Steel H 120
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    Lock icon UNIT TRUSTS & FUNDS
    2595 11 UNIT TRUSTS FUNDS CitiSelect As«a Tilt Balanced 1.2* CitiSelect Asia Tilt Growth 123/ CitiSelect Asia Tift Enh Grth 1,1V AIM Amro Meet Mat K'nara) CitiSelect Global Growth io® Star Europe Eqty!» ***** CWSelect Global Income 1.11/ SMrFiiSiw* 0997/ Cib Global Healthcare Ftatd 0.M TJL OtiGto Fin Srva Fund 0.92/ Star
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  • week in review
    • Article, Illustration
      Lock icon Top stories this week
      628 12 For the full stories, visit http://business-times.asial.com.sg govt urged to reduce its role hi business May 31 THE role of government-linked companies (GLCs) and their future came under the spotlight when the entrepreneurship and internationalisation subcommittee of the Economic Review Committee unveiled its proposals to reduce the
      AFP PHOTO  -  628 words
    • Article
      Lock icon What we said
      261 12 EMIMUL May 31 Redirecting a driving force THE key question is not whether the entrepreneurship and internationalisation subcommittee's policy recommendations are familiar but whether they nwkp sense and whether there will be the political will to enact them Hie answer must be yes, though numerous "grey areas"
      261 words
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    Lock icon KLSE
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    1,934 words
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    Lock icon SGX
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    Lock icon BONDS & WARRANTS
    506 12 BONDS WARRANTS MCm to *wZ =SHE P—to* Mb %—u> A™*"**" M 1 M S 134 25 AomUdWNMim S 1 S U 30 Aw w m 1 7 rs lIMHiaigMIOIJUl 4 1 K 13 ifi 21 A*Kw»W«W712 *s 1 Mt MS it» 2 0k6%SAOH*0110k 105 Kid) 20 0*03******001 Mk 1 1
    506 words
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  • what's in style art
    • Article, Illustration
      Lock icon Shots sighted
      538 13  -  ARTS FEST A month-long event, part of the Singapore Arts Festival, will see over 300 photographs featured in separate exhibitions here. CHEAH UI-HOON has a glimpse CHEAH UI-HOON CAN photography be art? The debate constantly surfaces now and again, but by and large, photographers have been carving out
      538 words
    • Article
      Lock icon Through the eyes of photography
      305 13 Ike wwto at MTAaraasaMphr of thereat of the (forth of PMamph* woifcs which have othorthemos, such as In tho nod* by Lucas Jodogne (Belgium) is a project about traffic and its infrastructures. Plum Blossoms, MTTA Building, opened May 20 China, 45 years of photography 1987-2002
      305 words
    • Article, Illustration
      Lock icon Man in the street
      968 13  -  By Parvathi Nayar ITS been a longstanding infatuation with the medium of photography for Belgian Lucas Jodogne, who's been working with still and moving images ever since graduating from the Royal Academy of Fine Arts, Ghent (1964). Two schools of experience come together in Jodogne's photographs,
      CHRIS LOH  -  968 words
  • Article, Illustration
    Lock icon FINANCE
    899 13 Transaction date: May 31 v v t >V > k a y mmbmb fm mm m mm* n» u mm mm miimm m MjMN AMI 470 AM 4ZB U9» 44)0 Z7J«4U4» AM4 UN Ul U» MM tUtt UM SJM OdMT ■»MW 4HT AMI tea* IM Ml UN 4Mt 1441
    899 words
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  • what's in style
    • Article, Illustration
      Lock icon Free wheelie
      969 14  -  Glamorised in movies such as La Dolce Fitaand Herman Holiday, Vespa has become the two-wheeled icon of a trendy urban lifestyle. While it may not have made much inroad here, there's hope yet of it catching on GEOFFREY Ell reports GEOFFREY EU FIFTY-SIX years after it first hit
      969 words
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      36 14 Sl** ">* v -.v> -•> < S<4 V/ 'iTMi' Wfcie&dine with weekendßT 255r55tii»awSAoDBtiMMl*F jnUnwted)mai.AniMitlMilniUm(win»»«tand m»nu«nd ■oornaMrmmatv I I IMliiHiriM T0:*****015/6 on Ha la carte SK MTmsWmtDHi* T* tmum TtLmtOUS 4M, UpptrEaXOoa* Road TtL*****030 HaWWhiair I Chk Be aMn9 M
      36 words
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      30 14 DIN!N /\J |h£ A L n Tampines Mall —-a 'M Ponderosa #02 01 A Tel: 6782 3245 MOS Burger £B 1 -40 Tel: 6786 371 2 Delifrance Tel: 6260 8522
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  • what's in style arts fest
    • Article, Illustration
      Lock icon Gambuh Macbeth fails to move
      744 15  -  There were high expectations of a Shakespeare classic by Asian performers under the stars, but the Balinese dance drama Gambuh Macbeth turned out to be unexceptional rather than outstanding reports PARVAIM NAYAR PARVATHI NAYAR THE Singapore Arts Festival 2002 kicked off before the World Cup,
      PHOTOS BY ALAN LIM/ST  -  744 words
    • Article
      Lock icon FESTIVAL PICKINGS
      189 15 Australian Dance Theatre (Australia): BMbrain Choreographer Garry Stewart takes a funky spin on one of the world's favourite ballet canons, Swan Lake. Birdbrain is a mix of classical dance, contemporary dance, yoga, gymnastics and even break dance, choreographed to an electronic soundtrack. What happens at midnight when the
      189 words
    • Article, Illustration
      Lock icon Swans of modern feather
      516 15  -  By Cheah Ui-Hoon THE first performance in this year's Arts Festival line up of cutting-edge dance events befittingly turns a revered classical piece on its head in a postmodernist, post-structural-ist reconstruction. Swan Lake, which carries such pre-eminence in the classical ballet canon, gets its feathers plucked
      PHOTOS BY TAN SUAN ANN/ST  -  516 words
  • Page 15 Miscellaneous
    • Miscellaneous
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      187 15 wurim CROSSWORD 28 There s great deal 10 game (5) 29 Appear to make a sound ioint 8 Chinese soup ingredwnts of- 26 A mistake whichever way ten include eggs (5. 5) you look at it (4) 30 Its members presumably try 9 ,^L^f?.t^v 9hoW 8 YESTERDAY'S SOLUTION to improve
      187 words
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  • what's in style
    • Article, Illustration
      Lock icon Korean kicks
      1102 16  -  While the World Cup matches stimulate your sense of sight, let your tastebuds be bowled over by spicy and robust Korean food as GEOFFREY Ell takes you through the culinary delights and dining etiquette of the country GEOFFREY EU NOW that the long wait to host the World
      PHOTOS OF SE RA BEL BY CHRIS LOH  -  1,102 words
    • Article
      Lock icon Tastes Seoul good
      646 16 ITS a good thing nobody goes to a Korean restaurant for the atmosphere. The plain, rather uninspiring interiors—which all appear to come from the same template— not to mention the less-than-sexy restaurant names, should not deter neophytes from the cuisine, which is boldly exotic, delightfully pungent, textured
      646 words
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