The Business Times, 29 June 2002

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Microfilm: NL24496
Total Pages: 18
1 18 The Business Times
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  • Title Section
    Lock icon Masthead
    18 1 THE BUSINESS TIMES JUNE 29-30, 2002 85C MHA ,t'> 010 03 ?0(V Internet http business-times asm 1 com
    18 words
  • Article, Illustration
    Lock icon Shipping lines laud PSA's fee cuts, new mindset
    795 1  -  Fresh view of customers as partners excites line executives By] Beth Jinks [SINGAPORE] For 12 months from July 1, PSA's Singapore customers will be granted an across-the-board additional 10 per cent rebate on "all bills at PSA's cargo terminals", PSA Corp chairman
    THE STRAITS TIMES  -  795 words
  • Article
    Lock icon PM: outsiders can run 3rd terminal
    524 1  -  We cannot continue competing using the business model of yesteryear, he says By George Joseph [SINGAPORE] Singapore is prepared to let more players into the port sector, including whoever can out-run PSA or Jurong Port by managing a third terminal here. Prime Minister Goh
    524 words
  • Article, Illustration
    Lock icon Xerox inflated revenue by US$6.4b, says WSJ
    705 1 Company says figure for 5 years to 2001 is under USs2b Bloomberg, Reuters [STAMFORD. Connecticut] Xerox Corp, the king of photocopiers, inflated revenue by US$6.4 billion (5511.3 billion) over the past five years, more than double its original estimate, the Wall Street Journal
    Bloomberg,; Reuters  -  705 words
  • Article, Illustration
    Lock icon Post-Mahathir succession issue remains uncertain
    866 1  -  SATURDAY SOAPBOX yang razali kassim SUDDENLY, the post-Mahathir era has come much sooner than expected. It caught many people off-guard and flat-footed. Now, they are simply at a loss as to whether the impending exit of Prime Minister Mahathir Mohamad is good or bad for
    866 words
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  • next page
    • Article, Illustration
      Lock icon Hedge funds: once-loathed, now favoured
      636 2  -  MARKET REVIEW r sivanithy A FEW years ago, hedge funds were a hated breed, accused of causing the regional currency and stockmarket crisis. The chief criticism levelled at them was that because they could go short at any time, they were the main drivers behind
      636 words
    • Article
      Lock icon MARKETS
      74 2 *n 1,552.98 (+21.39) ST INDEX FUTURES 1,562.00 (+16.00) SIMSCI FUTURES 194.10 (+4.00) Friday Change KLSEOOMP ***** >1386 NIKKEI 225 10.621.84 +:W4I24 HANO SENG 10.598,55 .8046 SET INDEX 389.10 >6.08 JAKARTA COMP 505 III -1 86 MANILA COMP 1.156-15 -146 TAIPKI WPI _S.l53.7l .8195 SEOCLOOMP 742.72 .3229 SHENZHEN B 2:1846
      74 words
    • Article
      Lock icon FINANCE
      70 2 FOREX RATES US$ S$ IS$ (S$perlS$| 1762 S(l'SS/SS per S) I "wU( ±05 KI'R()(l S$/SS/K) 0.992 174* DM ±216 I ±58 YEN 1192 67 70 KM .1MM ±157 HKS 7.81)0 4.427 BAHT 4151 2356 RI'PIAH 8.72:» or. I PRIME RATES SINGAPORE* 525 KliALAUTMHK 640 HONGKONG 5125 JAKARTA XitH) TAIPEI
      70 words
    • Article
      Lock icon SMRT-WorldCom deal in doubt
      677 2  -  EXCLUSIVE Troubled US tdco is said to have leased MRT conduits to lay its cables By' Tang Weng Fai [SINGAPORE] World Com Inc's US$3.9 billion accounting scam may soon claim one of its first business casualties here. The beleaguered US telecom operator's troubles could jeopardise a
      677 words
    • Article, Illustration
      Lock icon Daimaru to pull out of S'pore next year, shutting all 3 stores
      577 2  -  It's fourth Japanese chain to quit S'pore in past few years By Kalpana Rashiwala [SINGAPORE] Department store operator Oaimaru yesterday announced it is pulling out of Singapore after chalking up $53 million accumulated losses since entering the market
      577 words
  • Page 2 Advertisements
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      Lock icon Page 2 Advertisements Column 1
      127 2 Has Your Portfolio Returned 28% In 2002? Since 1975 our worldwide staff of over 275 multi-disciplined professionals Y fc including lawyers chartered accountants. IB V! A V chartered secretaries and bankers have W A ft provided confidential and cost effective company formation in all the major low EE- 4 81
      127 words
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  • in focus
    • Article
      Lock icon Winds of change in Malaysia Inc?
      1109 3  -  While macroeconomic policies will remain intact in the post-Mahathir era, there could be surprises in the corporate arena, reports EDDIE TOH EDDIE TOH The writer is BT's Kuala Lumpur correspondent MALAYSIA'S corporate leaders are likely to be scrambling to ensure that they are not
      1,109 words
    • Article, Illustration
      Lock icon Umno reinvents itself through the young
      1233 3  -  Talented youth will lead party, nation to become more plural, professional From] Karlm Raslan in Kuala Lumpur UMNO has a Janus-like capacity for self-delusion and reinvention. Thankfully, self-preservation has always prevailed, in the end. This is due to the party's free-wheeling political ways, its
      THE STAR; NST  -  1,233 words
    • Article, Illustration
      Lock icon Mahathir unwise to extend departure
      990 3  -  WRITER'S JOURNAL If he does not reconsider, then he should do two more things overhaul the failing education system and revisit the NEP karim raslan [KUALA LUMPUR] AFTER 21 years in power, Malaysian Premier and Umno party president Mahathir Mohamad has announced his retirement. Confounding
      990 words
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  • in the news
    • Article
      Lock icon Commerzbank Asset Mgt downsizes S'pore ops
      394 4  -  It says move will enable it to remain viable; it aims to expand in countries like Korea and Taiwan Ryi Genevieve Cua COMMERZBANK Asset Management Asia has downsized its Singapore operation, a move which will enable it to remain "viable", says chief investment officer
      394 words
    • Article
      Lock icon SIA not investing in Aussie airlines for now
      521 4  -  By Conrad Raj SINGAPORE Airlines is not interested at present in starting a new airline in Australia or taking a stake in Richard Branson's Virgin Blue. "Right now there are other priorities for SIA than looking at buying a stake in an
      521 words
    • Article
      Lock icon First Capital Corp in $200m rights issue
      354 4 FIRST Capital Corporation (FCC) is tapping shareholders for about $200 million to acquire more properties from its parent and also plans to sell a block of Overseas Union Enterprise shares as part of the move to focus more on property. In a rights
      354 words
    • INBRIEF
      • Article
        Lock icon Mm Eng Ong Asia profit dives 62% to $12m
        58 4 KIM Eng Ong Asia's net profit dived 62 per cent to $12 million for the year to March 31 due to factors including falling margins and provisions for the diminution in value of investments. Turnover rose 74 per cent to $136.9
        58 words
      • Article
        Lock icon Kingboard Copper profit halves to HK$94m
        50 4 Reuters KINGBOARD Copper Foil Holdings said net profit for the year to March 31 fell to HK593.58 million from HK5182.78 million a year ago. Turnover fell to HK5484.26 million from HK5547.49 million. Directors expect the group to remain profitable in the current year. Reuters
        Reuters  -  50 words
      • Article
        Lock icon IDA slaps SingNet with $2,000 fine
        40 4 THE Infocomm Development Authority of Singapore has found Internet service provider Sing Net guilty of misleading advertising. IDA has slapped a $2,000 fine on Sing Net and ordered it to stop running the ad.
        40 words
      • Article
        Lock icon Jurong Cement narrows loss to $5m
        40 4 Reuters Jurong Cement said for the year to March 31, net loss narrowed to $4.96 million from a loss of $17.2 million a year ago. Turnover fell to $53.1 million from $67.7 million. Reuters
        Reuters  -  40 words
      • Article
        Lock icon Excel Machine Tools expects H1 2002 loss
        34 4 EXCEL Machine Tools warned that due to the continued weak market in the global economy, the group expects to post a loss for the first half 0f2002.
        34 words
    • Article
      Lock icon Govt gives up its special share in Singapore Post
      533 4  -  The move may be prelude to listing of Sing Tel subsidiary Ryi Conrad Raj THE government has given up the rights vested in its special share in Singapore Telecom subsidiary Singapore Post a move some observers think may be a prelude
      533 words
    • Article, Illustration
      Lock icon HSBC to join Nets, and set up two offsite ATMs soon
      539 4  -  By Catherine Ong HSBC is poised to join Nets, the island-wide electronics payment system, as well as install two offsite ATMs in the coming months. Nicholas Winsor, the bank's head for personal financial services, said it is in discussions
      FILE PHOTO  -  539 words
    • Article
      Lock icon Penny stocks dominate action in the first half
      433 5  -  By David Boey PENNY stocks dominated the top gainers' and losers' lists in the first half of this year, with 268 gainers outnumbering 161 losers. BT's regular ranking of stock market action shows that punters with the Midas Touch could have raked
      433 words
    • Article
      Lock icon Market cap fails $14b to $246.9b in June
      488 5  -  World Cup fever, Wall Sf s poor performance blamed; bourse at lowest level since last Nov By Voice Chong DAMPENED by the World Cup soccer season and a poor Wall Street performance, the market capitalisation of the Singapore bourse sank to $246.9
      488 words
    • Article
      Lock icon Ranking of Singapore companies by market capitalisation
      2694 5 Cllflfl PflEV COMRMfr MKT CAP %OWG PRICE %0«G PE RAW RANK |3SMi ROM JUN28XB FROM RATIO JUN28 DEC31 JUK28W DEC31 til {ft DEC31 T)1 2002 2001 j ~T| 1 I SingTel *****.4 -22.2 1.37 -225 UJO 2 3 UOB *****.9 0.0 12.70 0.0
      2,694 words
    • Article
      Lock icon S'pore slips in EIU's business climate rankings
      559 6  -  It falls a notch to Bth for the 2002-2006 period despite a better score By Anna Teo DESPITE an improved score in the latest study by the Economist Intelligence Unit (EIU), Singapore's place among the world's best business locations has slipped to eighth
      559 words
    • Article, Illustration
      Lock icon Thanks for your support
      188 6 ABOUT 200 corporate personalities teed off for The Business Times 26th Anniversary Advertising Golf Tournament at the Tanah Merah Country Club's Tampines Course yesterday. Also playing in the event were almost a dozen of Singapore's top professionals who competed for cash prizes. No one won the
      ARTHUR LEE  -  188 words
    • Article
      Lock icon DBS indices for govt, quasi-govt bonds
      379 6  -  Efficient bond market can provide retail investors with alternatives, it says By 1 Siow Li Sen DBS Bank yesterday launched two Singapore-dollar bond indices to track the performance of Singapore government and quasi-government bonds and crossed its fingers that the project will not become
      379 words
    • Article
      Lock icon Govt ditching its 'I know best' way
      444 6  -  Sharing info is new approach, says PM's press secretary By\ Eugene Low WITH Singaporeans becoming more educated and sophisticated, the government can no longer adopt an "I know best" attitude in its communication with the public, the prime minister's press secretary Ong Keng
      444 words
    • Article, Illustration
      Lock icon LTA awards $1b worth of contracts for Circle Line, KPE
      363 6  -  By Christopher Tan THE Land Transport Authority awarded over $1 billion of contracts for the MRT Circle Line and the Kallang-Paya Lebar Expressway (KPE) this week. The single biggest contract of $364 million went to Samsung Corp for civil engineering
      ARTHUR LEE  -  363 words
    • Article
      Lock icon Lawyers to save millions with video conferencing
      175 6  -  By Aaron Lye THE legal services sector could save miUions of dollars through a web-based video conferencing system launched yesterday. JusticeOnLine, jointly developed by Bizibody Technology and International Video Conferencing (IVC) Center, enables lawyers to conduct court hearings from desktop computers in their
      175 words
    • Article
      Lock icon Mahathir may name a second finance minister
      286 7 He wants to focus on education, economy, party affairs: sources Reuters [KUALA LUMPUR] Malaysian Prime Minister Mahathir Mohamad may name a second finance minister to help handle some of the workload before he steps down in late 2003, government sources said yesterday. Sources
      Reuters  -  286 words
    • Article
      Lock icon Indon FDI approvals plunge 58%
      199 7 AFP [JAKARTA] Approved foreign investment in Indonesia plunged by almost 60 per cent in the first five months of this year compared to the same period last year, reports said yesterday. Theo Tumion, head of the national investment coordination agency, was quoted by the Jakarta
      AFP  -  199 words
    • Article
      Lock icon Plus draws enough investors in retail offering
      113 7 Bloomberg [KUALA LUMPUR] Plus Expressways Bhd, Malaysia's biggest toll road operator, said its retail share offering of 174.4 million shares drew enough individual investors. The company received applications for 187.6 million shares for the 101.4 million shares it set aside for individual investors,
      Bloomberg  -  113 words
    • Article
      Lock icon Shell, PetroChina set for US$18b gas project
      276 7 If d be the biggest Sino-foretgn venture Bloomberg [BEIJING] Royal Dutch/Shell Group and PetroChina Co say they plan to sign on July 4, the country's largest Sino-foreign venture, a US$lB billion agreement to pipe gas from Xinjiang province to Shanghai. Foreign oil companies
      Bloomberg  -  276 words
    • Article
      Lock icon US consumers trim personal spending by 0.1% in May
      445 8 LATEST US INDICATORS Dip largely due to decline in auto sales; June consumer sentiment index falls to 92.4 Reuters, Bloomberg [WASHINGTON] US consumers trimmed their spending slightly in May, breaking a string of five consecutive monthly gains as they stayed away
      Reuters,; Bloomberg  -  445 words
    • Article, Illustration
      Lock icon Soros blames Bush for dollar's fall
      473 8 Reuters [LONDON] Billionaire investor George Soros on Thursday blamed US President George W Bush and his team for the fall in the US dollar and declared: "The international financial system is coming apart at the seams." "I think we're in fairly serious trouble. I
      Reuters; AP  -  473 words
    • Article
      Lock icon Emerging market funds shift to cash
      192 8 Reuters (LONDON] Emerging market funds have caught the risk-aversion bug chilling developed markets, and have unloaded Brazilian debt and significantly increased their cash balances, according to a monthly JPMorgan survey. The average cash balance for dedicated emerging bond fund investors is 5.3 per cent,
      Reuters  -  192 words
    • Article
      Lock icon Japan banks have low exposure to WorldCom
      377 8  -  Wall St rally and industrial output data boost Nikkei Prorni Anthony Rowley in Tokyo COMFORTED by an overnight bounce-back in New York equity prices and by official assurances that Japanese banks' exposure to World Com Inc is relatively minor, the Tokyo stock market
      377 words
    • WORLD WATCH
      • Article
        Lock icon McKinsey advised Enron on strategy
        70 8 Bloomberg [NEW YORK] US management consultant McKinsey Co advised Enron Corp on strategy for almost 18 years and helped create its business model, Business Week said quoting Wayne Cooper, chief executive of the Kennedy Information research and publishing firm. A McKinsey spokesman said it wasn't
        Bloomberg  -  70 words
      • Article
        Lock icon Fiat names new CEO
        75 8 Reuters [MILAN] Struggling Italian carmaker Fiat on Thursday named a new chief executive officer renowned for hi's financial savvy and agreed to sell a chunk of prized sports car unit Ferrari. A day after Fiat's debt was downgraded by ratings agency Moody's to just one notch
        Reuters  -  75 words
      • Article
        Lock icon Euro zone consumer prices up 1.7% in June
        45 8 Reuters [BRUSSELS] Euro zone consumer prices rose 1.7 per cent in June compared with a year earlier, their slowest pace since December 1999, according to an early estimate released yesterday by the European Union statistics office. —Reuters
        Reuters  -  45 words
      • Article
        Lock icon Nike Q4 profit beats estimates
        65 8 AP [BEAVERTON, Oregon] Nike Inc said on Thursday that fourth quarter profits were slightly ahead of Wall Street estimates. Nike earned U*****.4 million, or 77 cents per share, for the fourth quarter, beating the consensus forecast of 75 cents per share. During the same period
        AP  -  65 words
      • Article
        Lock icon UK eases rules on capital for insurers
        86 8 Bloomberg [LONDON] The UK regulator relaxed rules on how much money insurers must have to meet liabilities as a slump in stocks wipes billions of pounds off the value of their assets. Companies must ensure they have enough capital to pay claims if
        Bloomberg  -  86 words
      • Article
        Lock icon Nasdaq to delist software firm Peregrine
        65 8 Reuters [SAN DBEGOJ The Nasdaq stock market plans to delist software maker Peregrine Systems at the opening of business on July 5, Peregrine said on Thursday. The company said it would appeal against the decision. Peregrine is reeling from an accounting scandal, a management
        Reuters  -  65 words
      • Article
        Lock icon AT&T not to bid for KPNQwest network
        77 8 Reuters [AMSTERDAM] AT&T dropped out of the bidding for bankrupt KPNQwest's data network, Europe's largest with a web of legal and ownership issues likely scuttling plans to sell it in one piece, sources said on Thursday. The US telco and Dutch venture fund
        Reuters  -  77 words
    • Article
      Lock icon US Congress to probe WorldCom scandal
      326 9  -  House committees have subpoenaed company's top execs From Leon Hadar in Washington US lawmakers are planning to open an investigation into the accounting scandal at World Com, as two Congressional committees subpoenaed top executives of the company, America's sec-ond-largest long-distance service provider. The announcement
      326 words
    • Article
      Lock icon Bush to push for corporate responsibility
      537 9 WORLDCOM DEBACLE Worried about the economic impact of accounting scandals, he will urge Congress to approve rules to protect pensions, shareholders and employees Reuters, Bloomberg [WASHINGTON] US President George W Bush, angered at relentless scandals in US boardrooms, will use his Saturday radio address
      Reuters,; Bloomberg  -  537 words
    • Article, Illustration
      Lock icon Hard time for hard crime, says SEC's Pitt
      335 9 Dow Jones Newswires [NEW YORK] The chairman of the Securities and Exchange Commission on Thursday fired a strong warning at corporate executives involved in white-col-lar crime: "Hard time for hard crime. That's what we're going for." Harvey Pitt, in an interview with
      Dow Jones Newswires  -  335 words
    • Article
      Lock icon SEC orders sworn statements
      314 10 Corporate executives, starting in mid-August, need to certify that reported financial reports are accurate Dow Jones Newswires, Bloomberg [WASHINGTON] The Securities and Exchange Commission (SEC) on Thursday ordered corporate executives to file sworn statements, starting in mid-Au-gust, that the company's financial reports are true. SEC chairman
      Dow Jones Newswires,; Bloomberg  -  314 words
    • Article
      Lock icon First SEC fine for audit-independence breach
      272 10 Ernst affiliate rapped; SEC on other abuse cases Bloomberg [WASHINGTON] The Securities and Exchange Commission on Thursday fined Ernst Young's Dutch affiliate US$4OO,OOO, in the first fine against an accounting firm for audit-independence violations. An SEC official also said the regulator was investigating "a
      Bloomberg  -  272 words
    • Article
      Lock icon PwC pays penally for tax shelters
      268 10 NYT [NEW YORK] The world's largest accounting firm, PricewaterhouseCoopers, agreed on Thursday to make a "substantial payment" to the Internal Revenue Service for marketing corporate tax shelters and then failing to comply with rules requiring it to keep a list of such shelters and
      NYT  -  268 words
  • Page 4 Advertisements
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      Lock icon Page 4 Advertisements Column 1
      1537 4 TELEDATA (SINGAPORE) LIMITED (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an EXTRAORDINARY GENERAL MEETING of ttie Company will be held at 10 Dundee Road #06-01, Setron Building. Sinqapore *****5 on 24 July 2002, at 9.30 a.m. for the purpose of considering
      1,537 words
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  • Page 6 Advertisements
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      Lock icon Page 6 Advertisements Column 1
      82 6 Movie Treats and more... at Phoenix Garden Cafe I i W i>>: Come on down to tne Phoenix Garden Cafe and treat yourself to our local international buffet lunch, high-tea or dinner, now available everyday of the week... and we'll treat you and a friend to the movie, 'Visible Secret
      82 words
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  • Page 7 Advertisements
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      Lock icon Page 7 Advertisements Column 1
      1504 7 \A/oQtl R Westdeutsche Landesbank Girozentrale V Vt/ O L LD (Incorporated in Federal Republic of Germany) Group Balance Sheet as at December 31, 2001 Group Statement of Income for the Year Ended Assets Liabilities December 31,2001 31.12.2001 31 12 2000 31.*****1 31 12.2000 31.*****1 31 12.2000 thousands thousands C thousarxls
      1,504 words
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  • Article
    Lock icon UNIT TRUSTS & FUNDS
    3107 8 UNIT TRUSTS FUNDS Com Global Energy Index Fd 0 931/ Com Global Travel Index Fd 0.72V Com S pore Bond Fund/* 1.047/ MN Amro Asset Mgt (S'pore) Star Europe Eqty!* o 70V Credit Agricoie Asset Mgt S'pore Ltd Star Europe Bd 1.047/ Indocam Asia Vision!** 087/0915 Star Europe Bal 0
    3,107 words
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  • Page 9 Advertisements
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      Lock icon Page 9 Advertisements Column 1
      37 9 I Lianhe Zaobao I I Properly I I developers I I raring to I las the 9® I I World I I Cup I I is coming to an I I endl I I I I I
      37 words
    • Advertisement
      Lock icon Page 9 Advertisements Column 2
      1053 9 Call toO-frtc 1800 289 8822 IN THE MATTER OF THE COMPANIES ACT. CAP 50 AND IN THE MATTER OE SHING I-EE INVESTMENT PTE: I TD (IN MEMBERS' VOLUNTARY LIQUIDATION) Al an Extr**\inar> General Meeting of the member* of ihe ahovenamed Company duly convened and held al 13) HilKiew Avenue *0506
      1,053 words
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      Lock icon Page 9 Advertisements Column 3
      1580 9 D Head Office Georgsplatz 1, D-***** Hanover, Germany r«\SIU# ID Tel: (0511) 361 0 Fax: (0511) 361 2502 NOKDDEUTSCHE LANDESBANK Singapore Branch 6 Shenton Way #16-00 DBS Building Tower 2, Singapore *****9 GIKOZENTKALE Tel: *****223 Fax: 6323 0223 CONSOLIDATED BALANCE SHEET CONSOLIDATED STATEMENT OF INCOME 31-12-01 31 12 31-12-01 31-12-00
      1,580 words
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  • Article
    Lock icon SGX MAINBOARD
    4435 10 Transaction date: Jun 28 for live prices, log on to uwwxmaonemarketsxxmi JSt. J. J2L H*** Ort"» GrtM IW MC« WtAvg *t* r 'S!SL M« W- nw» rn+ Imm m*m i+m Cm HI $3 w5 ABKAmroNLGSfc 9 12 ,j *5 lUc _J| 5 1142 21 19 19 195 225
    4,435 words
  • Article
    Lock icon SGX XTRANET
    65 10 iff *SL 1*0"" 0»M» 0h> art* MM MGa WIAm M. w- cm* U» >w» M> %C» m |3 w5 1(B» BIO Dumondi USHOOcd S150 BIO s IS DJ US Tech WWW S75 440 i IS MSCI Spore ...U5575 1M10 B70 s ISSAPSOO US ***** 1M10 WOO s STOW
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  • Article
    Lock icon SGX SESDAQ
    1038 10 '-r-r a ,p.,afs.«t g-ana I f,iToa- y r s 3 -s s 5 sj 5 O "MC«JHSJ»c *JL ?S5 37 5 a 10 K7 2.7 54 «2 37 62 28 c A&J Hugs 20c 42 unch 107 43 42 40 42 2S 1.2 119 7£ <*t u ,7
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  • Article
    Lock icon CLOB INTERNATIONAL
    305 10 .a -j«r-,gin t g a IIS <0 AVJenr*n9iA25tA IMcd »2 428 10* 100 103 104 40 3 4 9Jt 6 1 223J Camay Pac 20c UK 720 265 11 7.4 6 *****2 Chcuig KongSOc MK 1780 240 63 6.7 3 ***** 5 63 45 City* Solutions Lt HK
    305 words
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  • what's in style motoring
    • Article, Illustration
      Lock icon Bentley widens price range
      567 11  -  It hopes to treble sales by moving down the price ladder with a new $800,000 model, says CHRISTOPHER TAN CHRISTOPHER TAN There are 547 Porsches, 159 Ferraris, 125 RollsRoyces, 37 Bentleys, 24 Maseratis, 16 Aston Martins and under 10 Lamborghinis in Singapore. Top-end models from Mercedes-Benz,
      CHRIS LOH  -  567 words
    • Article, Illustration
      Lock icon Drool over an ultra-cool sci-fi Lexus at the flicks
      451 11  -  Reports by Christopher Tan LEXUS has pulled off a product placement plan with a difference producing a year 2054 model for the slick Spielberg sci-fi flick Minority Report. And what a car it is. Looking totally unfamiliar except for its Lexus
      451 words
    • Article, Illustration
      Lock icon Screen presence
      190 11 The car as co-star has always been a popular concept Fmaturing a new model in a film works to the advantage of both movie-maker and car manufacturer. And of course, audiences don't mind either. Here are some recent "placements" to look out for: Rml: Die Another Day Wln»l».
      190 words
    • BRAVE NEW WHIRL
      • Article
        Lock icon Fiat to sell Ferrari
        112 11 FIAT has agreed to sell 34 per cent of Ferrari to Italian investment bank Mediobanca for 775.2 million euros (Ssl.4 billion), according to the Financial Times. The troubled industrial group had planned an initial public offering for Ferrari late this year but will now receive cash
        112 words
      • Article, Illustration
        Lock icon Sport bikes with more oomph
        108 11 TODAY'S sport motorcycles are half as heavy and almost twice as fast as those produced a decade ago. Frames are made of aluminium and plastic rather than steel. But the biggest change is in the engines. Many bikes can reach 300kmh and some are faster
        YAMAHA YZF-R1  -  108 words
      • Article
        Lock icon Suzuki gets green light to sue
        124 11 A US federal appeals court has ruled that Suzuki Motor can sue the publisher of Consumer Reports magazine over a 1988 article which claimed the Suzuki Samurai was more likely to roll over than other sport-utility vehicles, Reuters reported. The Ninth Circuit Court of
        124 words
      • Article
        Lock icon A Car-nival to check out
        85 11 CLASSIFIED'S seventh annual "Car-nival" is here. With more than 100 booths selling some 350 new and used cars and a wide range of vehicle accessories, the event on July 7 (10am-spm) at Marina South Car Park B will be the place to be. Brands taking
        85 words
      • Article
        Lock icon BMW to launch new short film series
        86 11  -  Compiled by CHRISTOPHER TAN BMW's series of short Internet-based films, shown last year, was such a hit that the company is working to release more. Clive Owen will reprise his smouldering role as The Driver, the mysterious character around whom all of the
        86 words
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  • in the money
    • Article, Illustration
      Lock icon Hedge funds—there's no free lunch
      1361 12  - Hedge funds —there's no free lunch SHOW ME THE MONEY The returns of such funds are negatively-skewed and fat-tailed, which means extreme occurrences are more common than traditional equity returns teh hooi ling HEDGE funds, the once surreptitious funds vilified as the villains which started the Asian currency crisis, are
      1,361 words
    • Article
      Lock icon Listen to the market when choosing stocks
      988 12  -  INVESTOR EDUCATION By Sebastian Chong The writer is Associate Professor in finance and accounting, NUS Business School and a committee member of Securities Investors Association (Singapore). The article expresses his personal views IN this column, I have so far given much weight to
      988 words
    • Article
      Lock icon Money talk
      668 13 Global financial markets war* awoken to the darter aida of US corporate accounting earlier this week aa US telecomi giant World Com atunnad invaatora by revealing that It had inflated ita proflto by US$3.9 MMon. Tremors wara fatt In ovary markat and stability only returned whan window draaaing
      668 words
    • Article, Illustration
      Lock icon Top picks for the week
      263 13 MFS (33.5 c) MFS is an interconnect solution spedaNtt wmcn proouoes flexible printed circuits used in colour displays by consumer products. Although the company announced weak interim results last month, signs of recovery are evident. The pipeline of new product development activity for the printed
      263 words
    • Article, Illustration
      Lock icon The unloved US$
      638 13  -  CURRENCY PERSPECTIVE Investors should stand aside and let what could be a massive adjustment take its course larry wee THE past fortnight has seen the fortunes of the US dollar fade in frightening fashion. And the scariest thing is that some believe the rout has only just
      638 words
    • Article
      Lock icon Property good hedge against inflation: study
      434 13  -  NUS finds real estate as good if not better hedge than financial assets Bin Andrea Tan PROPERTY is just as good a hedge, if not better, against inflation than financial assets, a study by the National University of Singapore's Real Estate Department shows. Associate
      434 words
    • Article
      Lock icon Few rating changes
      505 13  -  By] Patrick Peck The writer is vice-president for the Paris-based JCF Group THE market was volatile this week because of the World Com crisis. The Straits Times Index plunged to a low of 1,531.59 before closing at 1,552.98, up 0.4 per cent for the week. With analysts
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    Lock icon STOCKS ASIA
    4752 12 i Transaction date: Jun 28 for mare, go to wum^jasicumenmarketsjcorn HONG KONG HysanDtv 7.55 0 05 1661 Interthina Hldgs 044 unch 1110 <98 mt'l Bank of Asia 1.93 unch 358 AcrosAsta Multimedia —.0.15 unch 0 J^Hok»ngs P Z!! 4.65 2 05 190 6032 2™ Anhcx Conch H— 253
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    Lock icon BT SHARE INFORMATION SERVICE
    1234 13 for week beginning Jun 24 Ct Hate Pete Tl— Marco Polo A Katong Room. Lobby Level 29-Jul 10 30an T MUf WflnQ Shangri-La Hotel Spore Orange Grove Road Cham Ind A 3 Mian Samulun 10-Jul 12 oOn Singapore 62S127 Noble Grp S IStti Floor 12 Jul
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  • week in review
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      Lock icon Top stories this week
      1057 14 For the full stories, visit http://business-times.asial.com.sg Fast action against World Com calms markets June 28 WORLD stock markets rebounded cautiously on Thursday after US regulators and the White House responded decisively to the World Com accounting scam. The US Securities and Exchange Commission filed a civil
      REUTERS  -  1,057 words
    • Article
      Lock icon What we said
      266 14 Lee Han Shih June 27 Ee Cheong may well thank DBS THE chairman of United Overseas Bank, Wee Cho Yaw, wants his eldest son, Ee Cheong, to take over UOB. Will his wish be opposed by the Monetary Authority of Singapore? MAS is not in favour of
      266 words
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    Lock icon KLSE
    2416 14 Transaction date: Jun 28 KUALA LUMPUR Fu»sNe« ...360 0.02 is Vol RBM 1.91 inch 3 KM w- ram FWlndustnes .032 mch 41 Gadanq 121 inch 2 ASM Realty 1.10 0.01 30 Gamucfe 625 0.35 2023 Abric 1.54 004 32 GanadCotp 083 0 03 4 ACP Industries 3.20 0 06
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    Lock icon SGX
    718 14 Transaction date. Jun 28 <»— q "**'l t dl m mm 9 t CMC 0.51 4.740 *0.020 MatSteel 50c 0 35 1.710 <1010 CaprtaLand 136 1530 *0040 OOC 9*7 ***** «OJ00 Chart ScmCond 26c 1.51 3 600 *01«0 OUC 0.S7 7150 *0050 GtCXvSOc 2JO 5700 Partway H 25c OM
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    Lock icon BONDS & WARRANTS
    657 14 BONDS WARRANTS Pram Expiry Lart Vol Com Excr One Mm r iH *m- WUHi Met %6—H— uh ASTI1MM0621 215 1 16 12 1.S6 24 AonaltdW04im 25 0.5 5 1 50 483 3.60 29 Am«ekW*****0 0 unch 587 1 33 4 131 36 Armstrong W*****0 15 1 10 77 4J3 23
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  • what's in style art
    • Aitbeat
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        Lock icon Painter Widayat passes away
        153 15 a weekly roundup of events WIDAYAT, one of the leading painters of Indonesia, passed away on June 26, leaving behind a large family from his two wives in Java. The 83-year-old was residing in Museum Widayat, Mungkid, at the foot of Borobudur, which houses his paintings,
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      • Article
        Lock icon Listen to mother
        70 15 THE important things in life from the perspective of a wife, mother and artist Taiwan-born Chinese artist Geraldine Yu uses thick primary colours in rich, vibrant oils to share her thoughts. Making symbolic use of familiar objects, she ponders life's directions, family and value systems. Hues and
        70 words
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        Lock icon Memoirs off Tay Bak Koi
        136 15 RENOWNED Singaporean artist Tay Bak Koi's lifetime of work and contribution to local art development has been duly recorded in a coffee-table book. In 80 pages, Memoirs of Tay Bak Koi captures the artist's 40-year career through his paintings, and provides examples of his visions,
        136 words
      • Article
        Lock icon Love affair with the Orient
        118 15  -  Compiled by Adeline Chia Alain Kleinmann, Nile Jade exotic names with even more exotic art. Kleinmann is the only contemporary French artist who has had his works exhibited in the Beijing Fine Art Museum. His love affair with the Orient is shown through a mixture
        118 words
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      Lock icon Not child's play
      530 15  -  Participants of 'young' art exhibition seek to extend the parameters of art reports CHEAH UI-HOON CHEAH UI-HOON FOR a definition of modern art which subverts classical art definitions and extends the parameters of art as we know it, catch five artists' works at Plastique Kinetic Worms. Curator
      530 words
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      879 15 wine&dine with weekendßT eh r> Forbirthday.registrationofmarnageofbaby's Like lobster? In celebration of its 10th Anniversary, drunken chicken wings are also available at u:ntre fulknonth celebration, you will get a 10 per cent Mouth Seafood Restaurant is offering lobsters at promotional prices starting from $6 only. discount. Price: $16.80+++ (Adult)/sll.Bo+++ only $1
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  • Page 15 Miscellaneous
    • Miscellaneous
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      243 15 UKVFTIC CROSSWORD eo-smk drama? (5) 11 Wan friend takes cover (6) Hj[ flfl HI 12 Violent reaction against cor- yy-^^^ Scratch game (8) BIH Jj|i[ plement of mates (6, 2) hm —LJ ImJ 19 Also seen to be a real gent 21 Two things swindlers do and may be found
      243 words
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  • what's in style collections
    • IN STORE
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        Lock icon Classy corporate gifts
        128 16 Our top picks of what's on the shelves PICKING out the right corporate gifts can be a nasty business, especially if you're being offered massproduced items. To avoid this problem. Tucker Design an Australian design consultancy will create original products you won't be embarrassed to give away.
        128 words
      • Article, Illustration
        Lock icon Refined looks from Neil Barrett
        81 16 BRITISH fashion designer Neil Barrett's latest collection for men and women has arrived and it's all about a "slouchy, but refined" look. The collection, which is available at Club 21, features an old school edge, with folk knits, irregular cuts and a collage of traditional
        81 words
      • Article, Illustration
        Lock icon Skincare centres at Guardian
        74 16  -  Compiled by Corinne Kerk VICHY Laboratories, the popular dermocosmetic brand in Europe, has tied up with Guardian Pharmacy to set up Dermatological Skincare Centres within Guardian premises. Customers can receive professional and "unbiased" advice from dermo-consultants on their skincare needs. Vichy claims its dermocosmetic Drod- ucts
        74 words
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      Lock icon CREATIVE GEMS
      787 16  -  Wallace Chan's latest creations reflect his exploration of different faiths and philosophies, reports CORINNE KERK CORINNE KERK ONE of Wallaci Chan's latest works is dark disturbing anc some mighi even say, al most painful tc look at. And it is in sharp contrast to those Buddha-in spired ones
      PHOTOS BY CHRIS LOH  -  787 words
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      Lock icon A pilgrimage to London's emerging food havens
      1024 16  -  TRAVEL By\ Sylvia Tan NOTHING beats an English summer. The weather is sunny and cool, perfect for exploring weekend markets, and London now has two emerging food neighbourhoods to explore. Borough market A thriving gourmet food market has emerged in Borough. a stone's
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      Lock icon SOUND DRIVE
      818 17  -  Go for a digital receiver to enjoy CD-quality radio service in your car, reports SAMUEL EE SAMUEL EE THE phrase "crystal clear" may be a bit overused, if not cliched, when it comes to describing in-car radio reception or the lack of it. But those two words are
      818 words
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      Lock icon Slay KOOL
      833 17  -  By Jaime Ee IN Singapore, it's not an anomaly to see people step out from a building into the street, immediately opening their umbrellas even though there isn't a single cloud in sight. When summer is your only season all year round, there is a tendency no, necessity
      833 words
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    Lock icon FINANCE
    1240 16 Transaction (late: Jan 28 DfTERBAMg CROSS RATES *S C$ Burt) Euro Ffr Dm HKS Ind to gin** Yw Won Ml WZ$ Pak ts Peso S$ Band Str MT$ Baht Poond US$ Australia 0.853 4.691 0.570 4.201 1-253 4.409 27.631 49J04 0.674 6.797 2.148 U54 33.923 28.497 0.996 5.884 0.839
    1,240 words
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  • Page 17 Advertisements
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      469 17 Be awinner at the Great Singapore Sale from 24 May to 7 July 2002! Just spend $30 minimum HMIMf dtfwlrf yfQm* participating outlet and call the hotline on the same day to submit your entry for these 3 exciting Fortnightly draws! Wan* of Ist Draw: g-- You could also double
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  • what's in style
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      Lock icon bon voyage
      1851 18  -  Whether you are flying or driving, CORINNE KERK has tips to make your journey safe and comfortable CORINNE KERK Travelling again? Before you get on that flight or start on your drive, there are some things you can do to make your trip safer and more comfortable and
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    • Article
      Lock icon EXERCISES
      288 18 While on a flight Back stretches The skimp stretch: In a seated position, upper body slumped over the knees, hold for 20 seconds, sit up slowly, breathing throughout the stretch. The body twist: In the seat, cross your right leg over your left thigh, then twist your body to
      288 words
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