The Business Times, 3 August 2002

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Microfilm: NL24529
Total Pages: 16
1 16 The Business Times
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  • Title Section
    Lock icon Masthead
    20 1 THE BUSINESS TIMES weekend AUGUST 3-4, 2002 85C MITA iP) 010 03 2002 Internet http business times asial com sg
    20 words
  • Article
    Lock icon Two-step deal to let Links resume trading
    632 1  -  But probe on those responsible for cornering the stock is still on By Ven Sreenivasan [SINGAPORE] After almost two years in limbo, marine reclamation company Links Island could resume trading soon provided it meets the Singapore Exchange's 10-per cent free float requirement. In
    632 words
  • Article, Illustration
    Lock icon More perks for foreign banks a possibility
    838 1  -  Prudent to give industry time to adjust to changes, but MAS still looking to open sector further By, Angela Tan [SINGAPORE] Singapore's retail banking sector can expect further liberalisation but this is likely to take the form of additional privileges rather than more
    CHRIS LOH  -  838 words
  • Article
    Lock icon Probe into employee fraud at UOB unit
    206 1  -  EXCLUSIVE Police called in, bank suspends employee By i Quak Hiang Whai [SINGAPORE] Industrial Commercial Bank (ICB), which is part of the United Overseas Bank Group, has been hit by a case of alleged fraud by an employee. Sources told BT yesterday that
    206 words
  • Article, Illustration
    Lock icon S'pore's moderate Muslims have a duty to speak up
    876 1  -  SATURDAY SOAPBOX guntor sadali The writer is editor of Berita Harian. He delivered this as a speech at the BH Achiever of the Year2oo2Award on Wednesday. NEVER in the history of modern Singapore have the Malays been thrust into the spotlight
    876 words
  • Article
    Lock icon US job market report adds to economy worries
    461 1 Number comes in below economists' expectations AP Reuters [WASHINGTON] A scant 6,000 new jobs were created in the US last month, the Labor Department said in a report that is likely to heighten worries that economic growth is at risk of stalling
    AP; Reuters  -  461 words
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  • next page
    • Article, Illustration
      Lock icon 'Double dip' for both economy and market?
      636 2  -  MARKET REVIEW r sivanithy WATCHING the price action and other developments on Wall Street, two questions spring to mind. The first is whether the US economy is headed for a "double dip" recession a worry that has arisen because the latest figures show
      636 words
    • Article
      Lock icon MARKETS
      72 2 □«n (-7.12) ST INDEX FUTURES 1,504.00 (-6.00) SIMSCI FUTURES 187.90 (unch) Friday Change KLSECOMP ***** 4 04 NIKKEI 225 9,***** -83.85 HANG SENG 9,991.72 -188.30 SET INDEX ***** 622 JAKARTA COMP _456 32 4.97 MANILA COMP .1,119 07 6.09 TAIPEI WPI 4,***** +430 SEOUL COMP ***** 7.12 SHENZHEN B
      72 words
    • Article
      Lock icon FINANCE
      70 2 FOREX RATES US| S$ I S$ (S$ per l 'S$) 1.756 £(1 'S$/SS per 1.564 2.746 K1R0(I!S$/S$/K) 0988 1.734 YEN 1185 67.70 RM 3.800 2164 HKS 7.800 4.443 BAHT 4111 23 99 RUPIAH 9,098 5,182 PRIME RATES SINGAPORE* 535 KUALA LUMPUR 640 HONGKONG 5125 JAKARTA 39.00 TAIPEI 6625 TOKYO
      70 words
    • Article, Illustration
      Lock icon Get ready for McDonald's McCafe
      488 2  -  EXCLUSIVE The fast-food chain plans to open its first gourmet coffee shop in Singapore next year Siow Li Sen [SINGAPORE) The gourmet cafe market here is about to get more crowded. McDonald's, the world's largest fast-food retailer with over 30,000 restaurants, is gearing up to
      ARTHUR LEE  -  488 words
    • Article, Illustration
      Lock icon SFC and HKEx can't escape blame for penny stock fiasco
      849 2  -  COMMENTARY In the rash to catch up with China, HKEx seems to have fallen flat on its face audrey tan SMALL investors and brokers in Hong Kong are hopping mad, and it is easy to see why: In one stroke,
      849 words
    • Article
      Lock icon US$47b pulled out of equity funds in July?
      448 2 If so, it would be the largest net monthly outflow in history FT [NEW YORKJ Investors continued to flee a grim US stock market in July, with early industry estimates suggesting that some US$47 billion was pulled out of equity mutual funds
      FT  -  448 words
    • Article
      Lock icon MAS highlights
      101 2 Key points from its report and preea briefing MAS expects Singapore's 2002 GOP groarth to be in Ihe Upper hatf of the oflidel forecast range of 2 to 4* The policy stance of m per oaM appwMen In the Singapore Avar's nominal eAscftve eachange rate wrii be maintained
      101 words
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      Lock icon Page 2 Advertisements Column 1
      93 2 Since 1975 our worldwide staff of ?F over 273 multi-disciplined professionals |Br 1 V H including lawyers chartered accountants A K chartered secretaries and bankers have W M provided confidential and cost effective com P an y formation in all the major low Incorporation Fees from US$5OO The world's Full
      93 words
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  • in the news
    • Article
      Lock icon Stanchart plans to spruce up its branch network
      421 3  -  Ten branches to be relocated and upgraded by next yean it says face-to-face banking is still the preferred mode By Rachel Ong STANDARD Chartered will enhance its presence on the local banking scene when it relocates and upgrades up to 10 branches
      421 words
    • Article, Illustration
      Lock icon Parkway reports 23% rise in H1 net to $14.4m
      450 3  -  Byi Andrea Tan A HALVING of tax helped healthcare operator Parkway Holdings turn in a 23 per cent rise in net profit to $14.4 million for the six months ended June 30. But operationally, earnings before interest, tax, depreciation and amortisation
      ARTHUR LEE  -  450 words
    • Article
      Lock icon Chuan Hup eyes listing for unit
      276 3 CHUAN Hup Holdings said yesterday it intends to list its wholly owned subsidiary CH Offshore on the Singapore Exchange (SGX). The company has appointed OCBC Bank to advise on the proposed listing. Based on a preliminary assessment, Chuan Hup said it intends to hive
      276 words
    • IN BRIEF
      • Article
        Lock icon Pakara Tech expects loss in H1
        73 3 PAKARA Technology warned yesterday that it expects to announce a net loss for the six months ended June 30,2002. It said turnover declined compared with first-half2ool and profit margins have come under pressure. The group has been hurt in the China market, where the
        73 words
      • Article
        Lock icon GMG Global warns of worse results
        74 3 PLANTATION group GMG Global has warned that its results for the second half ended June 30,2002, will be substantially worse than those in the first half. It blamed lower production caused by the effects of the El Nino climatic phenomenon on operations in West
        74 words
    • Article
      Lock icon OKP wins $13m road repair contract
      234 3  -  By David Boey SESDAQ-LISTED road builder OKP Holdings said yesterday it has beaten six rivals to win a $13.1 million Land Transport Authority contract for planned maintenance of roads in Singapore's east. This is the second road maintenance project OKP has won in as
      234 words
    • Article
      Lock icon OCBC H1 earnings seen slipping on provisions
      539 3 Analysts say focus will be on new CEO at Monday's briefing Reuters OCBC Bank's first-half net profit is seen falling year-on-year as economic weakness boosted provisions and cut loan demand at Singapore's smallest lender. OCBC is due to release results for the six
      Reuters  -  539 words
    • Article
      Lock icon SPH in tie-up with LexisNexis to extend product reach
      335 3  -  Byi Quak Hiang Whai MEDIA giant Singapore Press Holdings (SPH) has signed a strategic agreement with US information provider LexisNexis to distribute each other's content and services in their respective markets. Under the agreement signed yesterday, SPH will extend its product
      335 words
    • Article
      Lock icon Global regulators to check Singapore's financial sector
      358 4  -  MAS ANNUAL REPORT Officials from IMF, World Bank to analyse strengths and weaknesses under programme launched in 1999 By, Anna Teo SINGAPORE'S financial sector which grew to over 12 per cent of GDP last year despite the slowdown will soon get a comprehensive
      358 words
    • Article
      Lock icon MAS profit falls by $1.4b
      212 4 Lower interest income and tongh market conditions cited THE Monetary Authority of Singapore's profit after provisions fell by $1.4 billion to $641 million for the financial year to March 31, 2002, due mainly to lower interest income and unfavourable financial market conditions. MAS' income from
      212 words
    • Article, Illustration
      Lock icon Only high-end condos launched
      414 4  -  By 1 Vince Chong WITH developers holding on to most of their massmarket condo projects until Sept 1, the trickle of property releases or relaunches recently have been confined to high-end offerings. Among the latest to hit the market is LC Development's The Cornwall, at Cornwall
      414 words
    • Article
      Lock icon Sing $ rise more due to weak greenback: MAS
      269 4  - Sing rise more due to weak greenback: MAS MAS sticks to policy of zero per cent appreciation inH2 By Vikram Khanna THE rise of the Singapore dollar against the US dollar in recent months has been driven more by the weakening of the greenback than upward pressure on the local
      269 words
    • Article
      Lock icon Deposit insurance 'suitable' here: MAS
      230 4 AFTER conducting the first phase of its study on deposit insurance, MAS has concluded that it is suitable for Singapore, managing director Koh Yong Guan confirmed yesterday. He said MAS would soon issue a paper setting out the main aims and features of the proposed
      230 words
    • Article
      Lock icon 2001 arts sponsorship fell 12%
      265 4  -  By Cheah Ui-Hoon [SINGAPORE] The economic slowdown last year affected arts sponsorship, which shrank 12 per cent under the Arts Supporter Awards category to $2.35 million. The number of sponsors also dropped by 21 per cent to 84 organisations and 23 individuals. In 2000, the
      265 words
    • Article
      Lock icon Bangkok not replacing BOT head: Somkid
      332 5 Reuters (BANGKOK] Thailand's finance minister said yesterday the government had no plans to fire Bank of Thailand (BOT) governor Pridiyathorn Devakula despite complaints by Prime Minister Thaksin Shinawatra that the baht was too volatile. Finance Minister Somkid Jatusripitak told reporters the government was not
      Reuters  -  332 words
    • Article, Illustration
      Lock icon Hidden costs drive investors back to M'sia
      310 5 Bernama [KUALA LUMPUR] Foreign investors, who shifted to countries offering cheap labour, now want to return to Malaysia after incurring higher operational costs due to hidden costs. Minister for International Trade and Industry Rafidah Aziz said that most of the investors said that
      Bernama  -  310 words
    • Article
      Lock icon Stock options expensing will hit earnings at Asian tech firms
      690 5 NEWS ANALYSIS Report says firms in Taiwan, S'pore and India most affected Reuters [HONG KONG] Billions of dollars could be wiped from the earnings of Asian technology firms, particularly in Taiwan, Singapore and India, if US moves for strict new
      Reuters  -  690 words
    • Article, Illustration
      Lock icon Bush's trade agenda gets a boost
      480 5  -  Fast-track will help him push for trade pacts with S'pore and Chile to free trade zone in western hemisphere From Leon Hadar in Washington PRESIDENT George Bush will now be able to negotiate trade agreements without interference from US lawmakers, after Congress approved on
      480 words
    • NOTE BOOK
      • Article
        Lock icon China Telecom files for US, HK listings
        133 5 Reuters [HONG KONG/BEIJING] Fixed-line phone service giant China Telecom filed applications for US and Hong Kong listings this week, moving ahead with plans to sell billions of dollars in equities at a time when Wall Street stocks are at their lowest levels in
        Reuters  -  133 words
      • Article
        Lock icon S&P affirms Telekom M'sia's rating
        74 5 Bloomberg [KUALA LUMPUR] Standard Poor's affirmed Telekom Malaysia Bhd's credit ratings, saying the country's No 1 phone company will benefit from its acquisition of a stake in a rival. Standard Poor's affirmed its 888 foreign currency credit rating. The outlook on the company is positive,
        Bloomberg  -  74 words
      • Article
        Lock icon Rizuwan cuts TRI stake
        87 5 Bloomberg [KUALA LUMPUR] Rizuwan Mohd Murad trimmed his stake in Technology Resources Industries Bhd, a day after he bought an 8 per cent stake in Malaysia's second-biggest mobile phone company from Deutsche Telekom AG. Mr Rizuwan, through closely-held Beringin Murni Sdn, sold 3.2 million shares on
        Bloomberg  -  87 words
      • Article
        Lock icon Fitch upgrades Indon currency ratings
        82 5 Reuters [JAKARTA] International rating agency Fitch said on Thursday that it has upgraded Indonesia's long-term foreign currency rating as well as its long-term local currency rating to B from B-minus. Both ratings remain on stable outlook. It also said in a statement that the short-term
        Reuters  -  82 words
      • Article
        Lock icon Jakarta court overturns ruling
        83 5 Reuters [JAKARTA] An Indonesian court overturned on Thursday a ruling that PT Holdiko Perkasa a firm holding more than 100 companies of the debt-laden Salim Group had violated competition laws over the sale of a domestic car-maker last year. Indonesia's anti-monopoly commission (KPPU) fined Holdiko and
        Reuters  -  83 words
      • Article
        Lock icon Star Publications starts business weekly
        56 5 Bloomberg [KUALA LUMPUR] Star Publications Bhd will start a weekly business edition today to vie for more advertising revenue. It will compete with Nexnews Bhd's The Edge. Malaysia's only weekly business magazine. Star will distribute it with its flagship daily, the Star, which has the
        Bloomberg  -  56 words
    • Article, Illustration
      Lock icon HK Jockey Club doubles fees
      182 5 AP [HONG KONG] The economy may be terrible and prices are falling, but one of the territory's most elite institutions, the Hong Kong Jockey Club, said yesterday it recently more than doubled its membership fees. Full membership in the club that runs Hong Kong's wildly
      AP  -  182 words
    • Article
      Lock icon Six investment banks face US$10m in fines
      465 6 Penalties proposed for their failure to keep email messages as required NYT [NEW YORK] Securities regulators told six investment banks, including the biggest firms on Wall Street, that they may have to pay as much as US$lO million in penalties for not keeping
      NYT  -  465 words
    • Article
      Lock icon Bush recount panel used Enron jet
      121 6 Bloomberg (WASHINGTON] George W Bush's election 2000 recount committee used corporate jets owned by 10 companies, including three now under federal investigation, to ferry lawyers and campaign workers to Florida and elsewhere, according to Internal Revenue Service re- cords and a committee lawyer. Enron
      Bloomberg  -  121 words
    • Article, Illustration
      Lock icon White House tries to reduce WorldCom's political fallout
      461 6 NYT [WASHINGTON] Two former senior World Com executives on Thursday became the newest symbols in the administration's broadening effort to use prosecutions to fend off political problems. That brings the total of Fortune 500 executives added to police blotters to seven in
      NYT; AP PHOTOS  -  461 words
    • Article
      Lock icon NYSE overhauls its listing standards
      377 6 More independent directors, greater stock-option scrutiny required NYT Bloomberg [NEW YORK] The New York Stock Exchange announced new corporate governance rules on Thursday for companies whose shares trade on the exchange. In the biggest overhaul of its listing standards in a quarter century, the exchange
      NYT; Bloomberg  -  377 words
    • WORLD WATCH
      • Article
        Lock icon Morgan Stanley fires 200; 20 MDs cut
        68 6 Bloomberg [NEW YORK] Morgan Stanley is firing more than 200 investment bankers this week, the firm's third round of cuts in the past 15 months, people familiar with the situation said. The job reductions in the unit headed by Terry Meguid include at
        Bloomberg  -  68 words
      • Article
        Lock icon Q2 chip sales rise 5.8%
        41 6 Bloomberg [SAN JOSE, California] Sales of semiconductor chips rose 5.8 per cent in the second quarter. Chip sales rose to US$ll35 billion from U5510.73 billion in the first quarter, the Semiconductor Industry Association said yesterday. Bloomberg
        Bloomberg  -  41 words
      • Article
        Lock icon Morgan Stanley cuts chip growth forecast
        76 6 Reuters (NEW YORK] Morgan Stanley yesterday cut its 2003 revenue growth forecast for the semiconductor industry to a range of 15 per cent to 20 per cent from a previous range of 20 per cent to 25 per cent. "Due to the recent trend
        Reuters  -  76 words
      • Article
        Lock icon New family of MSCI indices coming
        54 6 Dow Jones Newswires [PRINCETON] Morgan Stanley Capital International is developing a new family of US equity indices to be designated by capitalisation size, value/growth investment styles and sector groups. The new index family will be introduced in phases beginning in early 2003, it said
        Dow Jones Newswires  -  54 words
      • Article
        Lock icon Siemens to cut 5,000 more jobs: union
        60 6 Bloomberg [MUNICH] Siemens AG, Germany's biggest employer, plans to shed at least 5,000 more jobs at its phone networks and handset businesses as a slump in demand deepens, said IG Metall labour union representative Wolfgang Mueller. Siemens may shed 4,000 more positions in
        Bloomberg  -  60 words
      • Article
        Lock icon New CEO ousts Tyco's longtime CFD
        60 6 NYT [NEW YORK] Alter less than a week on the job, the CEO of Tyco International, Edward Breen, has forced out longtime chief financial officer Mark H Swartz, who had been criticised for arcane and opaque financial manoeuvres. Mr Swartz will remain at Tyco
        NYT  -  60 words
    • Article
      Lock icon US in about-face on plans to bail out Brazil, Uruguay
      450 7 O'Neill praises their 'sound economic policies' but pointedly omits Argentina NYT Bloomberg Reuters [WASHINGTON] Just days after suggesting that he would oppose new financial aid for battered South American economies, US Treasury Secretary Paul O'Neill signalled on Thursday that the
      NYT; Bloomberg; Reuters  -  450 words
    • Article, Illustration
      Lock icon Wall Street looks to Buffett for investment guidance
      475 7 Reuters [NEW YORK] Warren Buf fett, perhaps the most successful US investor and the world's second richest man, is going bargain-hunting and top fund managers are begging to carry his bags. The so-called Oracle of Omaha recently snapped up battered assets, such
      Reuters; BLOOMBERG  -  475 words
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      Lock icon Page 3 Advertisements Column 1
      34 3 I 9 Lianhe Zaobao I China's I I much-sought-after I I expert I I simultaneous I I interpreters I I are paid I I 5/000 yuan I I aday 7 I I ~*tt)gfßfl&sooojcAKiTi I
      34 words
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      Lock icon Page 3 Advertisements Column 2
      317 3 PENTON INTERNATIONAL LTD (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that the Extraordinary General Meeting of Penton International Ltd ("the Company") will be held at No 2 Woodlands Sector 1 #01-03 Singapore *****8 on the 20 August 2002 at 11.00 a.m. for
      317 words
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  • Page 4 Advertisements
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      Lock icon Page 4 Advertisements Column 1
      1397 4 Engineering [iMiMiii^__-^jRSJ- £NGINEERINGj IMITED (Incofpofated in The Republic of Singapore) NOTICE IS HEREBY GIVEN that the Annual General Meeting of FIRST ENGINEERING UMTHD ("the Comoanv") will hp *9 Eng,neerin9TectinoCenlre Smgapore *****70n 2002 As Ordinary business 1 To receive and adopt the Directors Report and Audited Accounts of the Company for
      1,397 words
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      Lock icon Page 4 Advertisements Column 2
      294 4 IN THE MATTER Of THE COMPANIES ACT CAP 50 AND IN THE MATTER Of ONE.TEL SINGAPORE PTE LTD (In Members Voluntary liquidation] NOTICE Of SPECIAL AND ORDINARY RESOLUTION (Pursuant lo Section 290|2>(b|| Al on Exkoordmory General Meeting of ihe abovenomed Company deemed to be held on 29* My 2002. the
      294 words
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      Lock icon Page 4 Advertisements Column 3
      242 4 TELEGLOBE SINGAPORE PTE LTD NOTICE OF MEETING OF CREDITORS NOTICE IS HEREBY GIVEN thai a meeting of the creditor* of the abovenamed company will he held al 20. Raffle* Place. 17-00. Ocean Towerv Singapore *****0 <m the 12th day of August 2002 al2Jop.nL for the following purpotes AGENDA 1. To
      242 words
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  • Page 5 Advertisements
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      Lock icon Page 5 Advertisements Column 1
      135 5 M ASIAN LEADING SUV OFFROAD MAGAZINE 4x4jMQ«IN6 I Wht nrfiirmHo rilnimr i 1 iinwh »fiTW I totoraaSfcfflislAeto Aertraffli/Ahmlb Ckrabry I M^fi^fe/4s4Sio^pmteMsßaeefi Uriwra /RENAULT SewkSVCkdb I mscMfeWim Offlkud Prtfif i—toiy— I 4i4piHlefca»toeek/HKX%BfIP k 11 'WMfi v~ *^^&&^bsnl^3/KS H> r\ ,v -<gM* M NOTE: Though heavily Lfri ,<%■" i I IC^ JIVJiACI
      135 words
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  • Article
    Lock icon STOCKS ASIA
    5331 6 Transaction date:Aug 2 for more, go to iirwwxisicumenmarketsjxrm HONG KONG Vol wo w- -0— AcrossAsia Multimedia. 0.10 -0.01 4100 Alpha General .0.03 unch 3462 AnandaWingOn .004 inch ***** Anyang New Steel H .099 004 ***** Annu Conch H .245 005 758 Anhui Expressway H 1.56 0.02 1264 AroontechCorp
    5,331 words
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  • Article
    Lock icon SGX MAINBOARD
    5166 7 Transaction date:Aug 2 for live prices, log on to iwrwAsiaonemarketsuxnn UttQmtm GrOi» Mo GfVM IM MCaa WUog W» U» Cnwpiii) M» W- (108) HMI U» m*M Mn Cm Wl tn3 w3 ABNAmroNlG 56c 9 12 uu 20.5 85 i ACE DynamKs20c 11.5 12 145 07 8 1 1
    5,166 words
  • Article
    Lock icon SGX XTRANET
    68 7 MWiT— f *2* Oty LM Qwt* GM* On Gorw mm MCa mtn r W M» U» m*m t+m Cw HI fcj w3 I0M0 7770 5 Diamonds US7770cd mn SflOO 3450 s ISDJUST«ti US3450 SK MO s IS MSCI Spore USS75 I "880 9870 s ISS4PS00 US***** ***** «*0
    68 words
  • Article
    Lock icon SGX SESDAQ
    1349 7 hm"lL. Si J2L -GrfNn ot» atru MM mck wm» iy u» c—eg MM w- PM) %Cw wt >3 "gg 255 12 c ABRHMgsSc 14.5 13 17 MS 12 c A/CWSt 18 5 «05 92 19 ,85 IBS 9 5 1,5 14 7. J? 5 SB 5 27.5 c
    1,349 words
  • Article
    Lock icon CLOB INTERNATIONAL
    388 7 m JW P*y LMtQmm Grow Mo GrVtri MM MOe Mgk 1M Company isjlc W- W Low |q« Mit, Cw M $3 115 70 AVJefvwigi A2V A 94 *1.5 14 95 94 94 94 5 40 3 4 10 6 5.5 2023 Cat»v»y P* 20t HK 720 265 2.1
    388 words
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  • in focus
    • Article, Illustration
      Lock icon Putting on a brave face
      1880 8  -  We reproduce below extracts of two articles from Heart Work, an EDB publication giving an insider's view into Singapore's early economic struggles NGIAM TONG DOW recounts the lows and highs of building industry NGIAM TONG DOW Ngiam Tong Dow is now chairman of the HDB
      FILE PHOTO  -  1,880 words
    • Article, Illustration
      Lock icon A parable for GE Plastics
      1933 8  -  DAVID LIM recalls the lessons from tough negotiations DAVID LIM David Lim is now Acting Ministerfor Information, Communications and the Arts WE were 10 minutes late for breakfast. The company officials hurried us into the meeting room where the president of GE Plastics was waiting.
      1,933 words
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  • what's in style motoring
    • Article, Illustration
      Lock icon Saab's new symmetry
      1238 9  -  Saab may have adopted the traditional sedan form for its new 9-3, but the car is far from ordinary, as KANNAN chandran finds out in Stockholm KANNAN CHANDRAN The writer is a freelance journalist who contributes occasionally to BTMotoring JUST as location is everything when it comes
      1,238 words
    • BRAVE NEW WHIRL
      • Article, Illustration
        Lock icon A long and lean Laguna
        161 9 RENAULT will launch the new Laguna this month. Both five-door and estate versions will be available. The latter, probably the most effective and elegant design for a utility vehicle in a long while, should see Renault positioning itself just below Volvo's popular premium V7O segment.
        161 words
      • Article
        Lock icon Cadillac does an about turn
        123 9 CADILLAC, a luxury marque owned by General Motors, is unlikely to offer the next Seville model in right hand drive (RHD). This will mark a 180-degree turn for the make, which decided to offer RHD Sevilles just a few years ago to penetrate the US
        123 words
      • Article, Illustration
        Lock icon They just keep gettin' bigger and bigger!
        83 9 FIFTEEN pieces of Michelin's 59/80R63XDR tyres the world's biggest made their maiden appearance in this part of the world this week. The tyres, each measuring 4m by 1.5 m and weighing 5.3 tonnes, are being shipped to Indonesia's Freeport mines. They will be
        83 words
      • Article
        Lock icon Ford cancels Excursion plans
        110 9 FORD Motor has decided not to build a second-generation Excursion, a gigantic SUV that's over 2m tall, nearly 6m long and able to seat a softball team, according to The New York Times. The Excursion, cited by critics as the industry's most visible symbol of off-road
        110 words
      • Article
        Lock icon 'Find nearest trattoria'
        116 9 IBM is providing the voice technology for a new DVD-based car navigation system that will be a feature in 2003 model Honda Accords. The system allows the driver to ask for directions and to hear responses over the existing car audio system. Most current systems do not
        116 words
      • Article
        Lock icon Nissan fuel-cell car out soon
        52 9 NISSAN just announced that it will sell its first fuel-cell car next year, speeding up its original plans for a launch in 2005, according to Reuters. Rivals Toyota and Honda said earlier that they will be ready to sell fuel-cell vehicles by the end of
        52 words
      • Article
        Lock icon GM gets OK for hydrogen project
        119 9 GENERAL Motors and Quantum Fuel Systems Technologies Worldwide have received certification from a top German safety institute for a 10,000 psi high-capaci-ty hydrogen storage system which could ultimately allow fuel-cell vehicles to achieve a driving range of up to 500 km. The system is
        119 words
      • Article
        Lock icon Check on learners by PDA
        76 9  -  Compiled by i Christopher Tan COMFORT Driving Centre's driving instructors can now retrieve, file or update student progress documents using a personal digital assistant (PDA). The Wireless Learner Progress Monitoring System does away with tedious processing associated with the old system. A first in Asia,
        76 words
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  • in the money
    • Article, Illustration
      Lock icon ROE is a good performance indicator
      1328 10  -  SHOW ME THE MONEY It shows how well managers employ shareholders' funds to generate returns teh hooi ling THERE are two major steps in stock picking. The first is to assess the fundamentals of a company its competitive strengths, its expected earnings growth, cashflows,
      1,328 words
    • Article
      Lock icon CPF changes spur upgrades in analysts' recommendations
      432 10  -  Property, banking stocks make np biggest chunk of 28 changes received, with Capita Land and DBS upgraded By\ Patrick Peck The writer is vice-president for the Paris-based JCF Group LAST week s announcement on the CPF changes resulted in an increase in opinion
      432 words
    • Article, Illustration
      Lock icon Getting a good financial planner
      873 11  -  MONEY TALK Here are some tips to help you distinguish between a solutions provider and a product pusher By 1 Teh Hooi Ling INTEGRITY, competence, and experience these are the three main criteria when looking for a financial planner (FP), industry players say. To ascertain
      FILE PHOTO  -  873 words
    • Article
      Lock icon DBS Vickers Securities' Model Stock Portfolio
      726 11 WALL Street was In roller-coaster mode but the local market survived a turbulent week to end one per cent up on the Straits Times Index. Our portfolio fared in Brie, rising 0.9 per cent. For the year to date, our model portfolio is still
      726 words
    • Article, Illustration
      Lock icon 'Double dip' fears seize US$
      556 11  -  larry wee WALL Street and the US dollar finally caved in yesterday after a shock fall in July manufacturing sentiment proved the last straw following sharply lower US consumer confidence and advance Q2 GDP numbers. Hourly charts show the euro made a U-turn after the
      556 words
    • Article, Illustration
      Lock icon TOP PICKS FOR THE WEEK
      279 11 Port* Int'l ($0.34) Portek International has secured three contracts valued at e combined US$6.B7 million in Vietnam, Indonesia and China. Revenue from the three contracts will be realised in FY 2003. Technically, near-term indicators are in oversold territory. This suggests that downside momentum may be
      279 words
  • Article
    Lock icon UNIT TRUSTS & FUNDS
    3609 10 UNIT TRUSTS FUNDS ABN Amro Asset Mgt (S parc) Star Europe Eqty'" 0 61tt Star Europe Bd 1.051/ Star Europe M 0816/ Star Asian Tiger Eqty 0.721/ Star Asia Bond ***** Star Asia Balanced 0 838/ Star Global Technology Fund'** 0 1& Star Bhv Finance Japan Fund!** 0699* Star Asia
    3,609 words
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  • week in review
    • Article, Illustration
      Lock icon Top stories this week
      787 12 For the full stories, visit http:/ biisiness-times.asial.com.sg Temasek companies are now TLCs, not GLCs July 31 TEMASEK Holdings, the government's investment vehicle, now wants to call its portfolio of companies Temasek-linked companies, or TLCs and not gov-ernment-linked companies, or GLCs. It is no secret that the
      AFP  -  787 words
    • Article
      Lock icon What we said
      299 12 LEEHANSHIH July 30 Don't rush to refinance your loan after Sept 1 HOME-OWNERS who default on a loan taken after Sept 1 may lose their property and their CPF savings. It may not be worthwhile to refinance your loan to save hundreds of dollars a month and
      299 words
  • Article
    Lock icon KLSE
    2514 12 Transaction date:Aug 2 KUALA LUMPUR ctom ASM Ready 1X10 -0 02 48 Abric 153 -004 2 A CP Industries 308 -004 6 Advance Synergy J)J2 unch 402 Affin Holdings 026 inch S Ahmad Zaki Res 3.16 -002 1 AtC Corp 4 98 -002 5 AikbeeRes ..I.t8 unch 37 AKN
    2,514 words
  • Article
    Lock icon SGX
    629 12 I > Transaction dale:Aug2 »n< i i m am omm ?s ts a 1.22 2M0 -4040 QUI 0.S» fJKO -0.050 g2L2Ht*, an L J'" 0J« 0*50 D«Sl ?fL £*g 1,<0 «<«W 8? Sm 3 «iS SSf*"? 1 049 "*> -OlOJO »M Mt °/So 2l00 OMjoCvpsoo oto 2*0 0020 oso
    629 words
  • Article
    Lock icon BONDS & WARRANTS
    621 12 BONDS WARRANTS Praa Umtv LM WCmo b« Dk ims r it* rgjjggj* MM »6—!■, lift AST1W040U1 2BlS 1 16 46 122 22 AcmaUdW*****C ,5 1 $0 636 4 67 27 Am*kW*****0 83 -is (1 1 33 3 136 34 W040S20 15 1 10 92 4 00 21 8ar6SSA*****1 10k 106
    621 words
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  • what's in style food
    • Article, Illustration
      Lock icon Drink to your health
      1260 13  -  After the demise of bubble tea, a handful of health-conscious players have launched new concoctions JAIME EE checks out some of them JAIME EE SO you think it's passe to be seen sipping on a milky tea beverage, angrily stabbing at it with your straw to
      ARTHUR LEE  -  1,260 words
    • Article, Illustration
      Lock icon Every dog has its day in the sun
      559 13 TRAVEL Reuters [MACCARESE, Italy] FOR the mutts of Maccarese, it really is a dog's life. When summer comes, there's no more pining away behind closed doors while their owners dash off to the seaside. Now they just make straight for the beach,
      Reuters; REUTERS  -  559 words
  • Page 13 Advertisements
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      Lock icon Page 13 Advertisements Column 1
      796 13 wine&dine with weekendßT t un I m- every order of main course at Cafe Windsor and dig other detectable items from the Fiesta Buffet Lunch $17.50+++ (child) #01-00/K2, Wheelock Place. TeL *****460 into a spread of salads and desserts. at St Gregory s Brasserie Courtyard. Weekdays at Enjoy a sumptuous
      796 words
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  • what's in style collections
    • Article, Illustration
      Lock icon Fendi boutique goes trendy
      580 14  -  New Fendi store sheds its old woody look to match its more fashionable collections, reports CORINNE KERK CORINNE KERK FIRST, there was the Fendi baguette, which took the world by storm. Now, there is the Fendi ostrik, all ready to become the hot new, must-have bag.
      580 words
    • WATCH THIS
      • Article, Illustration
        Lock icon LaHque watches with car theme
        187 14 APART from a beautiful woman, there are two things that will almost always draw a man's attention a fabulous car and a nice watch. So, what better way to launch a watch collection than find inspiration for its design in beautiful vintage automobiles and racing
        187 words
      • Article, Illustration
        Lock icon Bahrain gem series for ladies
        91 14 NOW, something for the ladies especially those who find gems irresistible. Balmain's Excessive Medium promises not to go "unnoticed", thanks to 14 new models in steel, set with diamonds and blue and pink sapphires. Meanwhile, its Elysees Bijou is a "little ultra feminine gem" built
        91 words
      • Article, Illustration
        Lock icon Piaget straps for trend-setters
        95 14  -  Compiled by CORINNE KERK GEMS not your sort of thing? But avant-garde designs are? Then check out Piaget's Miss Protocole straps, which are targeted at "trend-set-ters". The straps come in a variety of designs, including underground street art and pop art. Most of them sport loud,
        95 words
    • Article, Illustration
      Lock icon Indulge in comfort
      614 14  -  Erpo revamps its store to create a flagship showroom for its products and the region By i Corinne Kerk THE sofa is one of the most important pieces of furniture in your home which is why it's always easier to part with your money for one if
      614 words
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  • what's in style art
    • Article, Illustration
      Lock icon Art sits pretty with furniture
      378 15  -  By Samuel Ee WHAT'S nicer than strolling through a stylish gallery looking at some fine art works? It's strolling through a stylish furniture shop admiring these same art pieces. From now until Aug 31, Australian artist Murray Hilton will be showing su-pa-semtex simultaneously at Club
      CHRIS LOH  -  378 words
    • Article, Illustration
      Lock icon Drawn into the cafe culture
      582 15  -  Filipino artist Kiko Escora portrays human relationships by drawing inspiration from people in cafes, says CHEAH UI-HOON CHEAH UI-HOON SMOKY bars and famous artists these two are part and parcel of the image of the bohemian artist's life. Take Picasso and the Els Quatre Gats
      582 words
    • ARTbeat
      • Article
        Lock icon Raoul Hausmann show
        127 15 A weekly roundup of events CATCH the total ensemble of photographer Raoul Hausmann's work: camera photographs, infrared photos, photomontages and photograms presented in.three sections phototexts, photoessays and later photographic work. Also a painter, printmaker, sculptor, writer and theorist, Hausmann, who was born in 1886 and died in
        127 words
      • Article
        Lock icon Songs of Innocence and Experience
        143 15 TO coincide with the award-winning arty play, Art, produced by the Singapore Repertory Theatre, Asian Art Options is mounting the first ever art exhibition at the DBS Arts Centre. The exhibition features works by leading artists, including Guo Jin, Guo Wei, Zhang Dali, Chen Wenling,
        143 words
      • Article
        Lock icon Isftana art event
        143 15  -  Compiled by* CHEAH UI-HOON FAMILIES can explore art and heritage at the Istana Open House event in conjunction with National Day. Participants will get to enjoy the Istana grounds while learning about paper conservation and the art of making paper at the event organised by the National
        143 words
  • Article, Illustration
    Lock icon FINANCE
    922 15 Transaction date:Aug 2 nrTBKBAMM CROSS KATES 1 i* mm mtt% H» ss MM m $*t w 0JW 44,4 8311 420 2 Jm 4tJ7Z M8 2JM U43 ***** 27.774 1951 5519 0.794 ***** ***** 0.346 0.542 2?" 1220 tW W2M T 1A U9I 37.491 ***** UM 4.410 0.922 ***** 24JM
    922 words
  • Page 15 Miscellaneous
    • Miscellaneous
      Lock icon Page 15 Miscellaneous Column 1
      140 15 CRFPTIC CROSSWORD ACROSS 2 Appropriately, what the 4 Applaud trick; that's a bit of 3 stars 8 pro--12 WT fB) W3ter C 66 14 Dissolved early link to Irish U P to a union MM U 16 (8^ ,aChed r m the scorin9 17 < >ne behind a short 19
      140 words
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