The Business Times, 20 July 2002

Lock icon This issue may only be viewed from the multimedia stations at NLB Libraries. See FAQ for more information.

Microfilm: NL24512
Total Pages: 16
1 16 The Business Times
Page thumbnail Page 1
  • Title Section
    Lock icon Masthead
    14 1 THE BUSINESS TIMES weekend Inteinet: http bn c .oess times asia 1 com scj
    14 words
  • Article
    Lock icon Sorties coming faster in housing loan war
    846 1  -  DBS responds to HSBC deal with sub-3% package for first 3 years Bui Quak Hiang Whai [SINGAPORE] The housingloan price war rages on as retaliations come faster and sharper. Just four days after HSBC revised its home-loan package, DBS Bank the biggest mortgage
    846 words
  • Article, Illustration
    Lock icon We need to learn to rock in business
    768 1  -  SATURDAY SOAPBOX S'poreans have become to hidebound by rule*, they have lost the abUHy to be spontaneous loh hui yin I went to a Canto-pop concert at the Singapore Indoor Stadium recently. It truly could have been a night to remember. Hong
    768 words
  • Article, Illustration
    Lock icon Hour Glass, Sincere ride on Cortina IPO
    533 1  -  By, Andrea Tan [SINGAPORE] Shares of watch distributors The Hour Glass and Sincere Watch continued to rally yesterday, wound up by an expected strong showing by market newcomer Cortina Holdings when it debuts on July 29. With more than a week to go
    Source: Bloomberg  -  533 words
  • Article
    Lock icon Autonomy for Riau islands put on hold indefinitely
    480 1  -  Fromi Shoeb Kagda in Jakarta INDONESIA'S Parliament yesterday delayed indefinitely the creation of the Riau Islands Province after heavy lobbying killed the plan at the 11th hour. The new province would have incorporated all the islands that are currently part of the
    480 words
  • Article
    Lock icon Dow falls 284 at noon EST
    81 1 Reuters [NEW YORK] Stocks skidded yesterday morning as a criminal probe into drug giant Johnson Johnson and weak outlooks from hightech leaders took another swipe at investor sentiment a day after a big selloff. The Dow Jones sank 284.94 points or 3 per cent
    Reuters  -  81 words
  • Page 1 Advertisements
Page thumbnail Page 2
  • next page
    • Article, Illustration
      Lock icon Falling stocks could erode firms' earnings
      641 2  -  MARKET R E V E W r sivanithy MOST investors have long known that earnings affect stock prices. Less obvious, however, is the converse stock prices can affect earnings. This is especially so when prices collapse as rapidly as they are in the US.
      641 words
    • Article
      Lock icon MARKETS
      72 2 □sn MNll (-19.72) «t mdcx mures 1,-0.00 (-2000) nsmarwuMs Ml—to (-330) Friday Change KLSECOMP 78M»__ 7J» NIKKEI 2» _|0JML16 ***** HANGSENO _I0*254« 127 i» SET INDEX mil 444 JAKARTA COUP .4844S *21 MANILA COMP 1.1*7* I0J6 TAJ PHWP! 6,lflJ2 -80.19 SEOUL OOMP 7S4JX 19 H SHENZHEN B 2S408 131
      72 words
    • Article
      Lock icon FINANCE
      69 2 FOIHX RATES uss S| HSJ (8$ pv USS) 1742 £<ISS/SS(WS)_ li« 17* EUR0(lS*SS/E) 1007 17U YEN 117 J 17 If RM 1800 1181 HKI 7M0 4477 BAHT 400 SMI WlPlAfl HJQ6 fc.UI PM RATH SINGAPORE" US KUALA [AJMPtiR «40 HOMO KONG 5 l» JAKARTA Mt$ taipei era TOKYO i
      69 words
    • Article, Illustration
      Lock icon Shiokawa comments propel yen higher
      514 2  -  Ym Mb ***** to the US dollar, COIIuIDUUIK CO UK? Nikkei's 24N fa* Promt Anthony Rowley in Tokyo AS the US dollar continued its precipitous slide yesterday, falling back towards its lowest level against the yen in 18 months and its lowest against the euro
      AFP, AP  -  514 words
    • Article, Illustration
      Lock icon US$ hammered to new lows after Wall Street relapse
      464 2  -  Analysts continue to revise forecasts downwards By] Larry Wee [SINGAPORE] Another horrible showing by Wall Street stocks put paid to the US dollar's attempted recovery in Asia on Thursday, propelling the euro and sterling pound to highs not seen for more
      Source: Reuters  -  464 words
    • Article, Illustration
      Lock icon Seksun's H1 profit doubles to record $8.8m
      563 3  -  Results beat market expectations; turnover up 40% By Loh Hui Yin STRONG growth from its Singapore and China operations pushed Seksun Corporation's net profit to $8.8 million in the first half of this year, a doubling from $4.1 million a year ago. The
      CHRIS LOH  -  563 words
    • INBRIEF
      • Article
        Lock icon NTI IPO 34 times subscribed
        63 3 Reuters MALAYSIA-BASED Information technology firm NTI International Ltd said yesterday its initial public offering of 24 million shares at 20 cents each for a listing on the Singapore Exchange was about 34.3 times subscribed. It said in a statement the eight million shares offered to
        Reuters  -  63 words
      • Article
        Lock icon Central Properties profit up 52.5%
        81 3 Reuters CENTRAL Properties said net profit was up 52.5 per cent to $22.95 million for the six months to June 30. Earnings per share was 76 cents, up from 50 cents. Turnover fell to $16.99 million from 920.10 million. Dividend was unchanged at 30 per
        Reuters  -  81 words
      • Article
        Lock icon M1 loss hits Vertex shares
        101 3 Reuters SHARES of Vertex Venture Holdings slid yesterday after it reported a hefty half-year loss of 194.7 million after a million gain in the first half of2ool. Vertex, the venture capital arm of the government-controlled Singapore Technologies Group, was down 10.6 per cent at 21
        Reuters  -  101 words
    • Article
      Lock icon Chartered Q2 loss falls to US$91m
      625 3  -  Revenue up 51% from Ql; some analysts lower expectations as group sees challenging times ahead Reports by Angela Tan CHARTERED Semiconductor Manufacturing yesterday unveiled second-quarter results that bettered its own expectations. The firm's net loss narrowed to US$9O.7 million versus an expected US$lO5 million
      625 words
    • Article, Illustration
      Lock icon Wafer fab benefits outweigh costs: Chartered CEO
      589 3 THE benefits of having a wafer fabrication business in Singapore far outweigh the costs, Chartered Semiconductor Manufacturing's new president and chief executive officer Chia Song Hwee said yesterday. Mr Chia told BT in an interview that it is important that one distinguishes between
      589 words
    • Article
      Lock icon Raffles Hldgs posts 95% fall in H1 profit
      420 3  -  By 1 Kalpana Rashiwala HOTEL group Raffles Holdings yesterday reported a pretty-much expected 95 per cent drop in first-half group net profit to $16.8 million from $348.9 million but on the positive side, things started to pick up in the second quarter.
      420 words
    • Article, Illustration
      Lock icon Accounting scandals less likely in UK, says minister
      633 3  -  'Principles-based' approach is better than US system By' Vikram Khanna BRITISH companies are less vulnerable to accounting scandals than their American counterparts, Britain's top-ranking trade minister said yesterday. On a visit to Singapore, Britain's Secretary of State for Trade Industry, Patricia Hewitt,
      CHRIS LOH  -  633 words
    • Article
      Lock icon Chartered not set up for nation-building
      576 3  -  COMMENTARY By Lee Han Shih THEY say it's time to short a stock when the CEO explains a business decision as being "good for the country". Let's hope this is not the case at Chartered Semiconductor. The local chip-maker has recently enjoyed a rare
      576 words
Page thumbnail Page 3
Page thumbnail Page 4
  • in the news
    • Article
      Lock icon Access to facilities not superior: expert witness
      561 4  -  RAFFLES TOWN CLUB SUIT Plaintiffs compare club's capacity with Plnetree's Byi Serena Ng RAFFLES Town Club's members have "far less opportunity" to use the club's facilities in a manner consistent with what would be expected in a prestigious and exclusive club, according to
      561 words
    • Article
      Lock icon Proposed CPF property cap inconsistent: Daiwa
      414 4  -  120% cap against aim of discouraging over-investment By. Andrea Tan THE proposal to cap the Central Provident Fund Ordinary Account withdrawal limit at 120 per cent of property value appears to be inconsistent with the government's aim of discouraging over-investment in property and encouraging
      414 words
    • Article
      Lock icon Commodity-CPI link much weaker now
      233 4  -  EYEONTHEECONOMY Byi Chua Hui Min THE link between world commodity prices and inflation in Singapore has weakened in the past decade, thanks to shifts in consumption patterns and a rising Singapore dollar, according to the Monetary Authority of Singapore. While changes in commodity prices have
      233 words
    • Article
      Lock icon Forget the bus, take a bumboat to the office
      180 4 GOING to work? Worried about traffic jams? Well, you can skip the road and go by river. River transport was launched yesterday with air-conditioned glasstopped boats and refurbished bumboats plying the Singapore River. Riverboat services including River Express, which is the
      180 words
    • Article
      Lock icon Probe into SIA's Taiwan mishap
      296 4 Plane hit obfects in parking bay before take-off for S v pore SINGAPORE Airlines (SIA) and Singapore's transport ministry are investigating how one of the carrier's planes knocked down objects in a parking bay before taking off from Taipei's Chiang Kai Shek airport for Singapore
      296 words
    • Article, Illustration
      Lock icon It's fish in the sea that count —not beached whales
      917 5  -  WRITER'S JOURNAL This week's by-elections in Kedah are an object lesson ill what Umno must do in order to coanter the growiitg mass appeal of PAS effectively karim raslan MARK my words. Malaysians, especially those cocooned in Kuala Lumpur, will
      917 words
    • Article
      Lock icon Macronix execs cleared of insider trading
      163 5 Bloomberg [TAIPEI] Macronix International Co executives didn't commit insider trading, the Taiwan Stock Exchange said, after completing an investigation of the island's largest maker of chips for consumer electronics. The investigation was triggered this month when Macronix cut its full-year earnings forecast to a
      Bloomberg  -  163 words
    • Article
      Lock icon China to admit only long-term funds into A share market
      366 5 Reuters [SHANGHAI] Top securities regulator Zhou Xiaochuan said China would admit only long-term foreign investors into its closed US$5OO billion A share markets, state newspapers reported yesterday. Wary of shocks to the economic system through volatile capital flows, regulators will
      Reuters  -  366 words
    • Article, Illustration
      Lock icon Disney to open Shanghai park, says report
      367 5 Bloomberg [HONG KONG) Walt Disney Co may build a second theme park in China, a company spokeswoman said, while declining to say whether it has already signed a deal with Shanghai, as a Hong Kong newspaper reported yesterday. The No 2 US media
      Bloomberg; AFP  -  367 words
    • Article
      Lock icon Thai banks post better Q2 results
      406 5 Few beat forecasts, with major banks faring better than smaller rivals Reuters [BANGKOK] Thailand's banks reported second quarter earnings yesterday sharply higher than the same period last year, but few managed to outstrip market forecasts. Major Thai banks fared better than smaller rivals which
      Reuters  -  406 words
    • Article
      Lock icon Qantas bid for Air NZ slake gaining strength
      321 5 NTs coalition govt to seek a 'cornerstone' shareholder for canter after next week's poll AP (WELLINGTON! The government said yesterday it wants to sell off part of its nutfority holding in ailing national carrier Air New Zealand, refuelling speculation that Australian carrier
      AP  -  321 words
    • NOTEBOOK
      • Article
        Lock icon PLOT bosses to moot First Pacific officials
        75 5 Dow Jones Newswires [MANILA] Philippine Long Distance Telephone Co chairman Antonio Cojuangoo and president and CEO Manuel Pangilinan may meet key representatives of Hong Kong's First Pacific Co, the Philippine Daily Inquirer reports, citing unnamed PLDT sources. The report says the two left
        Dow Jones Newswires  -  75 words
      • Article
        Lock icon 5-yr rotation for Manila bank auditors
        67 5 Bloomberg [MANILA] The Philippine central bank will require lenders to change external auditors every five years, longer than the three-year period it earlier planned, to avoid collusion between accountants and management The five-year rotation of accountants, which will be implemented this year, is consistent
        Bloomberg  -  67 words
      • Article
        Lock icon Cheing Kong, HK Elec to buy CitiPower
        60 5 Bloomberg [HONG KONG] Cheung Kong Infrastructure Holdings and Hongkong Electric Holdings agreed to pay A 51.56 billion (Sfl.s billion) for American Electric Power Co's CitiPower to boost their Australian energy distribution business. The two agreed to sell CitiPower's retail arm to Sydney-based Origin
        Bloomberg  -  60 words
      • Article
        Lock icon Jakarta to cut scope of bank guarantees
        55 5 Reuters [JAKARTA] Indonesia said on Thursday it will no longer guarantee the off-balance sheet items of banks such as currency swaps and letters of credit part of efforts to reduce the scope of the wide-ranging h»nk guarantee scheme. The measures will come into
        Reuters  -  55 words
    • Article, Illustration
      Lock icon Ericsson's shares dive on Q2 loss
      428 6 AP, Reuters [STOCKHOLM] Shares in LM Ericsson plunged by a fifth yesterday after the wireless equipment maker reported a secondquarter loss of 2.72 billion kronor (Sssl4 million) and said it saw no sign that the market was ready to turn around. The company said
      AP,; Reuters  -  428 words
    • Article
      Lock icon US trade deficit soars to hit record US$37.6b in May
      624 6 Economists had expected a narrowing of trade imbalance; June inflation remains tame at 0.1% AP, Bloomberg [WASHINGTON] The US trade deficit ballooned to a record U5537.6 billion in May, reflecting Americans' ravenous appetite for for-eign-made cars, TVs and clothes. But
      AP,; Bloomberg  -  624 words
    • Article
      Lock icon Management shake-up at AOL Time Warner
      287 6 AOL's Pfttman resigns, Time Warner veterans climb ranks LAT-WP, Reuters [NEW YORK] AOL Time Warner Inc on Thursday shook up its top management ranks, a concession that the biggest merger ever between technology and entertainment has fallen short of its hype. The latest casualty
      LAT-WP,; Reuters  -  287 words
    • WORLDWATCH
      • Article
        Lock icon Worldwide PC sales down 0.5% in Q2
        55 6 NYT I AUSTIN, Texas] Computer buyers remained cm the sidelines during the second quarter, Hashing hopes that technology spending might be on the rebound. Instead of the minor 1.3 per cent increase in that market researcher IDC was expecting, worldwide PC sales were
        NYT  -  55 words
      • Article
        Lock icon HP barely snags No 1 PC seller rank
        48 6 AFP [SAN FRANCISCO] Hewlett-Packard is now the top seller erf computers worldwide—but only barely. According to Gartner Dataquest, HP snagged the number one spot in the second quarter 0f2002, but by only a mere 0.6 per cent ahead ofDelL —AFP
        AFP  -  48 words
      • Article
        Lock icon eBay posts Q2 revenue of US$266m
        43 6 NYT [NEW YORK] eßay Inc announced higher second-quarter sales and profits, with strong growth, on Thursday. In the second quarter, eßay's revenue was a record U*****.3 million, up from US$lBO.9 million in the period a year earlier.—NYT
        NYT  -  43 words
      • Article
        Lock icon Lloyd's plans to alter insurance financing
        68 6 NYT [LONDON] Lloyd's of London said on Thursday that it soon hoped to end the practice of financing insurance through individual investors, who risked their entire net worth, but often reaped fabulous profits. The proposal is part of a broad revamp plan for Lloyd's
        NYT  -  68 words
      • Article
        Lock icon Daimler's profit Jumps 52% in Q2
        84 6 NYT [DETROIT] DaimlerChrysler reported on Thursday that its second-quarter profit jumped 52 pa- cent, buoyed by cost cutting at Chrysler. CEO Juergen Schrempp said Daimler expected its 2002 results to be at least triple the US$l.3 billion profit it had forecast at the start
        NYT  -  84 words
      • Article
        Lock icon Merck's Q2 profit falls 3.6%
        52 6 Bloomberg [NEW JERSEY] Merck St Co said second-quarter profit fell 3.6 per cent as competition from generic-drug makers hurt sales of hypertension and heartburn drugs. Net income fell to US$l.75 billion, or 77 US cents a share, from US$l.B2 billion, or 78 US cents, a
        Bloomberg  -  52 words
      • Article
        Lock icon Abbey National's CEO resigns
        53 6 AFP [LONDON] The CEO erf British bank Abbey National quit yesterday just weeks after it stunned investors with a profit warning that followed losses on a foray into the junk bond market. Abbey chairman Lord Burns would take on Mr Harley's duties until a permanent replacement
        AFP  -  53 words
    • Article
      Lock icon Microsoft beats expectations, helped by strong Q4 revenue
      473 7 Group seeing results of long-tenn R&D investments: CFO NYT [SAN FRANCISCO] Buoyed by strong revenue across a range of its businesses, Microsoft on Thursday reported fourth-quarter results that slightly exceeded analysts' expectations. Despite contracting personal and corporate computing markets, the company said
      NYT  -  473 words
    • Article
      Lock icon Sun swings back into the black
      407 7 But the MtworUng fiim warm af a law fa tha carnal qaaitar Reuters [SAN FRANCISCO] Sun Microsystems Inc reported on Thursday its first quarterly profit in a year but forecast another loss as it fights for deals in the midst of the technology downturn.
      Reuters  -  407 words
  • Page 4 Advertisements
    • Advertisement
      Lock icon Page 4 Advertisements Column 1
      890 4 I CENTRAL PROPERTIES LIMITED 1 AND ITS SUBSIDIARIES j (Incorporated in Singapore) PROFIT AND DIVIDEND ANNOUNCEMENT I UNAUDITED RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2002 1. Profit and Loss Accounts ThffQreup The Company 2002 2001 Changs 2002 2001 Changs f srooo srooo srooo srooo Revenue Investment income 16,063
      890 words
Page thumbnail Page 5
  • Page 5 Advertisements
    • Advertisement
      Lock icon Page 5 Advertisements Column 1
      142 5 KOSHN MAXELUM PTE LTD (In MamfaarV Voluntary Lqurtahcm) FINAL MEETING Malice is hereby gwen pursuant Id Section 306(1) of toe Companies Act Cap 50 thai a Fnai Meeting of Members of the abtwe-named Company wt be held at M 185 Buktt Marah Central ******7 Singapore *****5 on 19 Auguat 2002
      142 words
    • Advertisement
      Lock icon Page 5 Advertisements Column 2
      190 5 IN THE MATTER OF THE COMPANIES ACT, CAP. 59 AND IN THE MATTER OF SILKROUTE INDUS PTE LTD (la Members' Voluntary liquidation) NOTICE OF FINAL MEETINC. NOTICE IS HEREBY GIVEN thai pursuant to Section 308 of the Companies Act. Cap. 50. the Final Meeting of the members of the abovenamed
      190 words
    • Advertisement
      Lock icon Page 5 Advertisements Column 3
      191 5 IN THE MATTES OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF HEALTHMEOIAN PIE LTD (la Moiktn' Voluntary UquklaUoa) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap. 50, the Final Meeting of the members of the abovenamed Company
      191 words
    • Advertisement
      Lock icon Page 5 Advertisements Column 4
      46 5 RTFmI Lianhe Zaobao I "Money I I no longer I I gives me I I the adrenalin I I rush," I I says Chinese tycoon I I Li Xiaohua in I I Zaobao interview I I I I I H T H l MX I rTyiTj
      46 words
Page thumbnail Page 6
  • Page 6 Advertisements
    • Advertisement
      Lock icon Page 6 Advertisements Column 1
      119 6 fe it V f*- -S&-9 ja| i i-v few'- K; V :f: V y -;Aft f: ■.■>- >» S.V t jf *i» win cash with Citibank credit cards!a degree programme with Thames?... V. should I go for the Expressions Shape-Up Affair?..." A, »>< p wy ft 'M'J .T2* t'. V
      119 words
Page thumbnail Page 7
  • Article
    Lock icon SGX MAINBOARD
    4514 7 Transaction date: Jul 19 for live prices, log on to wwwjasiaonemarketsjcom LJJI WjI Dm, IM«M GrOhr H* GrtU MM MCa WtA«9 N» U» Sate W- rw> w# I— »W. Mir Cm M |3 w5 ABNAmroNLG 56c 9 12 34 1* 20.5 8.5 c ACE Dynamcs20c 13 13 145
    4,514 words
  • Article
    Lock icon SGX XTRANET
    49 7 c a w. t a J*.* w*a"ga 10HO filO s Diamonds US9470ad MOO JSOO s BOJUSTadi USMOO S7S *40 s IS MSO Spore US57S tt«0 «*> s ISSAKOO US***** ***** 9260 t SKMB US92C0 --..111"*" 1KB 1S41 < STim 100 1590 -13 14 1600 15«7 I5t7 tjgo -III
    49 words
  • Article
    Lock icon SGX SESDAQ
    1325 7 -S* t*f IMQMi Mb Okr MM MM HCm MIAm JSti-L_£seH i*w- cm u»iwn<» cw %75>3 »B 27 UcAMtOdgtSc US inti 25 153 153 IS I S3 Ml 243 1? c APOIISc 20 in* 104 20 20 19 5 20 S 113 13 14 174 X *5 275 c
    1,325 words
  • Article
    Lock icon CLOB INTERNATIONAL
    262 7 1*1 Val Dqr 110— GrtMo Mo filtw MM HQ* is*» w- 188 U» rn*m l*r ftr m «a 115 AVJmmgiA2S(A- 98 100 40 14 101 58 211.1 Ca«h*r*2QcHK._720 265 2.1 7.4 t *****2 OtMig KongSOc HK 1710 240 S 3 6 7 3 *****5 55 45 Qt|* SoWmllK
    262 words
Page thumbnail Page 8
  • in focus
    • Article, Illustration
      Lock icon Business as usual — and growing
      1250 8  - Business as usual and growing Stanchart CEO Mervyn Davies tells LOH HUI YIN why he's so optimistic about the group's growth prospects, especially in Asian giants India and China LOH HUI YIN AN ENDEARING story that has been passed down the generations of Standard Chartered employees is how, at the
      FILE PHOTO  -  1,250 words
    • Article
      Lock icon Nakornthon acquisition bears fruit
      551 8  -  By] Loh Hui Yin TRAFFIC jams are making a return to the roads of Bangkok, a situation which gives Standard Chartered Bank executives a quiet sense of satisfaction. Because some of the loans taken to finance the purchase of cars must surely have come from the
      551 words
  • Article
    Lock icon STOCKS ASIA
    4545 8 Transaction date: Jul 19 for more, go to umnvjasiacnenmarketsjxmi HONGKONG HysanDev .6.90 -0.10 147« kiterchina Hldgs 0J0 -002 1515 "O kiflBankofASa 1.94 0.01 340 toi m Sswa. 5s sa is 3ssK*i=i8 sa 'ss a 1m Hfl Jiangxi Copper H.. „.0.91 -0.01 6275 Annul Conch H 2 58 imdi
    4,545 words
Page thumbnail Page 9
  • what's in style motoring
    • Article, Illustration
      Lock icon MG TF: Nice but no X-factor
      500 9  -  It's not much better than the MGF, which had made a ripple-free debut All reports by Christopher Tan IN THE world of roadsters, two groups have emerged as the most successful. One offers raw, unadulterated driving pleasure and little else in terms of creature
      500 words
    • FOURPLAY
      • Article, Illustration
        Lock icon THE BEAUTY
        604 9 You don't have to get wet and wild to appreciate the superiority of all-wheel-drive. Yeah right We review two such offerings. Audi A41JST quattro manual: 'Despite its aggressive get-up, the car is surprisingly comfy.' I KNOW what you're thinking. Years of driving strange and wonderful cars at law-abiding
        Audi A4 1.BT Quattro manual/ CHRIS LOH  -  604 words
      • Article, Illustration
        Lock icon THE BEAST
        549 9 Subaru bnpreza WRX Sit 'It has that ability to convey fear, respect and exhilaration. IT is not always possible to drive civilly in a car like the Subaru WRX STi. Any red-blooded male within sight inevitably wants to find out exactly how quick it is. More often than
        Subaru Impraza WRX STI  -  549 words
    • BRAVE NEW WHIRL
      • Article
        Lock icon A macho, rugged Beemer bike
        89 9 HERE'S the mother of all enduros: the BMW R1150 GS Adventure. Available now, it has been designed with long distance travel in mind and is engineered to perform in all conditions. Expect equipment like anti-lock brakes (ABS can be switched off) with steel brake hoses;
        89 words
      • Article
        Lock icon BMW's long-wheelbase 7-series is in
        74 9 TOWKAYS and CEOs, the long-wheelbase BMW 7-series is here. The 735iL and 7451 L are not only 14cm longer and 10mm teller, but come with standard luxuries such as independent air-conditioning system in the rear and self-levelling suspension. There are also wonderful options like separate
        74 words
      • Article
        Lock icon DaimlerChrysler plans upmarket MPV?
        152 9 DAIMLERCHRYSLER may build a luxurious Mercedes-Benz MPV, sources say. The people carrier, to seat six to eight, will fill a relatively unoccupied niche. Most multi-purpose vehicles (MPVs) are utilitarian and lack upmarket features such as wood panelling, real leather and chrome. Mercedes" current V-class is a
        152 words
      • Article, Illustration
        Lock icon Toy Ferraris
        50 9 PSSST... wanna buy some cheap Ferraris? Toy-maker Mattel is showcasing a collectible lineup at Robinsons Centrepoint (July 24- Aug 19) and Robinsons Raffles City (July 25-Aug 20). Models include the 1957 250 GT Burgundy, *****50 Maranello, 360 Modena, as well as Hot Wheels versions of the Italian marque.
        50 words
      • Article
        Lock icon Psst..VW's Passat and Golf safest in their segmets
        74 9 iti their segments VOLKSWAGEN'S Golf and Passat were found to be the safest in their respective categories in a recent study conducted by America's consumer protection magazine Consumer Report. Its The2002 Cars issue examined 85 cars for both their active and passive
        74 words
      • Article
        Lock icon Up to 6 new Kawasaki bikes this year
        118 9  -  Compiled by Christopher Tan KAWASAKI, Japan's fourth-largest motorcycle maker, expects the release of five or six new models will help increase sales by as much as 20 par cent this year. According to Bloomberg, the extra models will help raise sales by
        118 words
Page thumbnail Page 10
  • in the money
    • Article, Illustration
      Lock icon Time may be of the essence
      1336 10  -  SHOW ME THE MONEY There are no sure-win momentum trades based on daily or weekly prices teh hooi ling DOES momentum trading pay? In other words, do past gainers continue to make money or should you take the contrarian view and buy losers instead?
      Source: BT  -  1,336 words
    • Article, Illustration
      Lock icon Hallmarks of an ideal IPO
      755 10  -  CAVEAT EMPTOR Cortina's offer harks back to pre-deregulation days when funds raised are actually used for expansion r sivanithy IT'S always difficult to separate the wheat from the chaff when investors are confronted with a deluge of new initial public offers as they are now.
      755 words
    • Article
      Lock icon Detecting, deterring accounting frauds
      1138 11  -  INVESTOR EDUCATION By\ Sebastian Chong The writer is Associate Professor in finance and accounting, NUS Business School and a committee member of Securities Investment Association (Singapore). The article expresses his personal views. FROM next year, the law requires all Singapore listed companies to report earnings quarterly
      1,138 words
    • Article, Illustration
      Lock icon Money talk
      814 11 The bears were running wild last wnk ae global markets wart mauled brutally. Although moat of the US oorporataa that raportad earnings mat or exceeded —peciatlono, the beara wore encouraged fay weafc corporate guidance for the quarters ahead and mora accounting IrregutarWee. For the week, the STlloet while
      814 words
    • Article
      Lock icon Outperform rating for Darco, Brilliant among 19 upgrades
      534 11  -  Proposed changes to CPF scheme have little impact on property stocks with only KepLand receiving a downgrade By Patrick Peck THE long-awaited proposed changes to Central Provident Fund were the week's highlight. But they had no noticeable impact on analysts' recommendations. There
      534 words
  • Article
    Lock icon UNIT TRUSTS & FUNDS
    2459 10 UNIT TRUSTS FUNDS Com Global Travel Index Fd 0.69* Com S port Bond Find/* I MS AM AmAMt Mgt (S port) CradN AfricoM Asset Mfl S'pore LM Star Europe Eaty! A 0 672/ Indocam Asia Vision!** OB9M1944 Star Europe Bd 1 05® StarEuropeBal 0J5V OtS «Mt Mai 5* 0 885/0
    2,459 words
Page thumbnail Page 11
  • Article
    Lock icon BT SHARE INFORMATION SERVICE
    816 11 for meek beginning July 15 saggy., tHHaUS.' iftMMlM MWg* A aioyangCraoM tOOOarr *am I 17 jwengtorttaad lAug I JOpm nfc A MJO»r 1 P to KWr, 1M«Bk mSST** a 1 ,,in MHHnIM **2?T_5SP. wjoom SMVIowHOM MraateMM] 1-Aug MMm umimuuml ftmlUb XU^Awu sr asafaras-. 1 f ksrsms*
    816 words
Page thumbnail Page 12
  • week in review
    • Article, Illustration
      Lock icon Top stories this week
      1166 12 For the full stories, visit http://business-times.asial.com.sg Panel proposes CFF to be scaled back July 16 A RE FOCUSED scheme that retains the fundamental aims of providing for retirement, healthcare and home ownership, but at a basic level, and without imposing wage rigidities. This sums up the
      REUTERS  -  1,166 words
    • Article
      Lock icon What we said
      251 12 Catherine Ongjuiyis SingTel's wrong call: some lessons GOV EKNMENT-LINKED companies seem to jump on the bandwagon of the day be it rushing into properties overseas or going into big and expensive acquisitions. The recent announcement by Sing Tel on writing off $45 million for a doomed investment
      251 words
  • Article
    Lock icon KLSE
    2180 12 Transaction date: Jul 19 KUALA LUMPUR Fr*er»Ne«v« ig 002 41 Vai R«M 2.19 ate 1 MM W- cm* FWImfcaWes 035 -001 75 Gadang l.M inch 19 ABM Realty 1M inch 9 Gamuda 550 -0.15 2O70 Abhc 153 -0.0* 29 GanadCorp 0.93 inch 0 ACPInduMries 3.14 -0.02 22 GamT«th 1-27
    2,180 words
  • Article
    Lock icon SGX
    634 12 Transaction date: Jul 19 """"I m am S*- "JS* *J5 two <mw CjpMUnd 1JS 1340 -OX) to OCBC MI 1 ing jinn CtartSaMCond Mt M5 MM -MM 0U€ (57 7.150 -OiOO 5J00 «0M tartmay H 2k OX 0440 -0015 &J5«»T2St 0J4 17*0 -MM STlc Ml TmO D SGf P
    634 words
  • Article
    Lock icon BONDS & WARRANTS
    555 12 BONDS WARRANTS Vat Cm* tar "oC C *"f> r WW* Ma %«iwta U> ASTHW0621 205 w 140 a AanaUdWKM1116 J 1 50 St2 425 28 Arr*«k W*****0 95 -1 272 1 33 3 131 35 Armstrong 1MM0520 15 1 10 130 333 22 B»6%5A0W901 I Ok (OB Oar 6.5%J*****01 10k
    555 words
Page thumbnail Page 13
  • what's in style travel/food
    • Article, Illustration
      Lock icon Barefoot in Sri Lanka
      955 13  -  There's more to the island than beach resorts for those in search of a bargain. GEOFFREY EU takes you to three must-visit destinations GEOFFREY EU THE myriad delights of Sri Lanka patiently await discovery by the rest of the world, and were it not for ethnic
      PHOTOS BY GEOFFREY EU  -  955 words
    • Article, Illustration
      Lock icon All kinds of everything
      317 13  -  From old instruments to fossilised dinosaur eggs, a museum homed in a Taiwan factory beckons visitors with curious exhibits From Macahe Koliber in Taipei HSU Wen-lung is an eccentric character, known as much for his controversial remarks on Taiwan history as he is for building one
      317 words
  • Page 13 Advertisements
    • Advertisement
      Lock icon Page 13 Advertisements Column 1
      183 13 wine&dine with weekendßT 400 Orchard Road, #01-65 Orchard Towers (rear block). Tel: *****477 An Americarvstyle restaurant serving the best of Texan and Mexican food. Open 24 hours daily, the fajitas are en all-time favourite. CafaD'Anlgo #02-38 Specialist Shopping Centre. Tel: 6835 0238 Well-known for its vaiue-for-money French-inspired cuisine, this casual
      183 words
    • Advertisement
      Lock icon Page 13 Advertisements Column 2
      152 13 ■II V I' i." w I 33 Cuppage Terrace. Tel: *****955 m the setting of an old shophouse. be spoilt by a choice of pasta as well as risotto, pizzas, grilled lamb cutlets and many more. TM Oct 15. a onefer-one with eny main course ordered with Diners Club Card.
      152 words
    • Advertisement
      Lock icon Page 13 Advertisements Column 3
      94 13 4 like lobster? In celebration of Its 10* Anniversary. Mouth Seafood Restaurant is offerir* lobsters at only $1 (usual $48) with minimum fsod orders of $58 and above, promotion ends on July 31,2002. UOl-187 Suntoc City MMrrS:SSsSSO Enjoy avAhentk: cuisine Mitten Street j of daypot Pricesftom $35+++ to $40+++. Avattabis
      94 words
    • Advertisement
      Lock icon Page 13 Advertisements Column 4
      111 13 Gourmet Summit2oo2and was listed as one of the Wortds Best 100 New Restaurants in Conde NmtTrmmbraOOl. ff J- V. v. *****ScottsRood T«L6SB9 7799 Feast on Thai specialities it Cafe Vienna. The chefs wW serve popular Thai dishes. including yam nueeyang(spicygrtNadbeefsirloin salad), and KaengKiew wan kai{graencurTy with chfcken. Edible works of
      111 words
Page thumbnail Page 14
  • what's in style people/
    • Article, Illustration
      Lock icon Moving with the times
      1266 14  -  Tailor Iwan Hew applies his business acumen to his luxury watch business, aiming for big profits with a strong base. CORINNE KERK finds out CORINNE KERK HE owns three luxury watch boutiques, b u t doesn't know much about the mechanics of watches. He takes pains
      CHRIS LOH  -  1,266 words
    • Article, Illustration
      Lock icon Classy touch of ethnicity
      380 14  -  Bk Corinne Kerk DISTINCTLY Asian fashion, accessories and homeware that are a notch up in terms of design and product quality that is the concept behind Aseana, the upmarket lifestyle store owned by Singapore-born, Malaysian-based businesswoman, Far ah Khan. Officially opened last night, the 3,600 sq
      ARTHUR LEE  -  380 words
    • WATCH THIS
      • Article, Illustration
        Lock icon Timely debut
        82 14 Every other fashion label has its own line of watches, so it is no surprise that Louis Vuitton has launched its first timepieces. Tambour named after the first watch in the western world, created in 1540 is French for "drum". Hence, the collection's drum-like steel casing, cylinder and
        82 words
      • Article, Illustration
        Lock icon A charitable turn
        106 14 In support of the Elton John AIDS Foundation, Chopard last year previewed watches from its new Elton John Watch Collection at the singer's annual, celebrity-filled White Tie Tiara ball. This year, the entire collection of 13 jewelled watches are available at Chopard boutiques for sale. Reflecting the
        106 words
      • Article, Illustration
        Lock icon Keeping track of time
        92 14  -  Compiled by i CORINNE KERK Travelling too much and getting all confused by different time zones? Jaeger-LeCoultre's Reverso Gran'Sport Duo may just be the watch for you. Building on the Reverso Gran'Sport design, the watch has two faces to help you keep track of two time
        92 words
  • Page 14 Miscellaneous
    • Miscellaneous
      Lock icon Page 14 Miscellaneous Column 1
      219 14 CRTPTIC CROSSWORD ACROSS to eac l t Gas charges put region back 5 Puts on something saucy? 11 8 S^i^ l SMO their team's doing bady (9) 12 States the time for practice s(»?Frwxh^ fyouwantto 13 Facilitated a seed's 16 wiantve aftefai (*-5) ssr 17 s^ mus^°r,e9ai--15 Medical bulletin might
      219 words
Page thumbnail Page 15
  • what's in style art
    • Article, Illustration
      Lock icon Clout appeal
      725 15  -  ARTSingapore 2002 will feature more participating galleries and a range of prices to boot ADELINE CHIA finds out ADELINE CHIA SITTING in a corner, you have an electric guitar assembled from bicycle gears, screws and drain pipes from the Philippines; while in a more eye-catching spot, you have
      725 words
    • Article, Illustration
      Lock icon Seeing the bigger picture
      726 15  -  By\ Cheah Ui-Hoon ITS not the painting but the seeing, to paraphrase Indonesian artist Hanafi's philosophy. How would an artist view something as devastating as 9/11? For him, it was his painting which hung on the 10th floor of one of the World Trade Centre's twin
      726 words
    • ARTbeat
      • Article
        Lock icon Fashion conscious
        88 15 A weekly roundup of events Last chance for you to catch celebrated German photographer Horst Wackerbarth in Singapore at his Identity and Authenticity exhibition. Seventy-nine works from his Fashion series which focuses on the significance of fashion in people's awareness of life, their identity and their roles and
        88 words
      • Article
        Lock icon Bad high
        69 15 Balinese dancers sashaying playfully, religious ceremonies in exuberant lines with generous slashes of colour Nyoman Gunarsa paintings are all about Am and energy. The Indonesian artist who fuses rich ancient Balinese traditions of painting with contemporary visual media will be down tomorrow to sketch portraits for purchasers of
        69 words
      • Article
        Lock icon UOB Painting of the Yew
        62 15 All IS prize- winning and 31 wntrtos from the annual UOB Painting of the Yearcontestareonediibition.lt also includes the collective works of last year's Painting of the Year winner, ErzanB Adam. The winner this year will be announced today. At 1st, 37th, and 36th storeys of
        62 words
      • Article
        Lock icon On coloured wings
        101 15 Manila-baaed artist Caroline Heider draws inspiration from people and encounters, moods and dreams for her fun, dynamic paintings which she is showing in On Coloured Wings. "I try to weave images together, blending them into an overall impression, rather than leaving them on their own—in a way
        101 words
      • Article
        Lock icon In full bloom
        58 15 Singapore-based Belgian artist JF Debongnie and local ceramist Bary Cha Cha put together a mixed media exhibition on the flower bud and the lotus called Light Water. Debongnie paints blossoming buds in acrylic and Chinese ink while Bary reinvents the lotus with Mnri clay and glaze. AtDebonyArt
        58 words
      • Article
        Lock icon (stand Art
        162 15  -  Compiled by ADELINE CHIA, CHEAH UI-HOON The Artists Village continues with its Pulau Ubin Art Project today to support environmental concerns in the Ubin Day event organised by the Singapore Environment Council. Artists such as Tang Dawu will be interacting with the villagers to make Pretend Art. Sunseekers
        162 words
  • Article, Illustration
    Lock icon FINANCE
    813 15 Transaction date: Jul 19 DITERBAMg CE0S8 EATM 1 y«y r j .rf 4 > tt/ v rn.»* im m mm* Hm Mm m 9MHmt m **J JJJ MM 2* U« 32.788 27.734 0.999 5.576 O.KW HI74 22J57 0252 MM *JJ '12 MI! 57J30 7JW t4 u® >H® lw Q3
    813 words
Page thumbnail Page 16