The Business Times, 10 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
    17 1 THE BUSINESS TIMES weekend 85C AUGUST 10-11, 2002 MITA (P) 010/03/200? Internet: htlp/Zbusiness tinies asial com sp
    17 words
  • Article
    Lock icon ST Telemedia seals deal to take over Global Crossing
    735 1  -  It will team up with Hutchison Telecommunications to take a 62% stake By' Ven Sreenivasan [SINGAPORE] In a deal which could transform it into a global player, Singapore Technologies Telemedia, together with Hong Kong partner Hutchison Telecommunications Ltd. is set to
    735 words
  • Article
    Lock icon Formula soon for setting non-exec directors' fees
    382 1  -  EXCLUSIVE Likely proposal will entail a basic fee with extras added on By\ Serena Ng [SINGAPORE] The Singapore Institute of Directors (SID) is expected to recommend soon a formula by which listed companies can structure the fees for their non-executive directors. The aim
    382 words
  • Article, Illustration
    Lock icon Open market prices of golf club memberships on the retreat
    388 1  -  Byy Ven Sreenivasan [SINGAPORE] The open market prices of club memberships have reversed gains made in the MarchMay period, weighed down by concerns over the economy, the wealth effect of falling asset prices, and rising job insecurity. After peaking in
    388 words
  • Article, Illustration
    Lock icon Chen's major gaffe want hurt business much
    671 1  -  SATURDAY SOAPBOX paul schymyck julian wee The writers are economists with economics research firm IDEAglobal PRESIDENT Chen Shui-bian's comments that the mainland and Taiwan were really separate countries and that he backed legislation for a referendum on formal independence are not expected to
    671 words
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    • Article
      Lock icon Mokhtar's Senai Airport plan runs into opposition
      240 2 [KUALA LUMPUR] Plans by businessman Syed Mokhtar Albukhary to transform Senai Airport in Johor into -a cargo hub to compete with Changi Airport, may have run into some opposition at home, Malaysian Business Times reported yesterday. This is because the MsBoo million (*****
      240 words
    • Article, Illustration
      Lock icon Wall St can't count on the US dollar for long
      966 2  -  COMMENTARY And it will be left to gold to provide the investment of last resort anthony rowley THERE is something almost comical in the way in which the US dollar has achieved its latest recovery, and also in the way
      966 words
    • Article, Illustration
      Lock icon WorldCom finds US$3.3b more in irregularities
      637 2 Latest twist involves widespread use of 'rainy day reserves' to manage earnings NYT [NEW YORK] World Com, which sought bankruptcy protection last month after disclosing that it had improperly accounted for US$3.B billion in recent expenses, said on Thursday night that it had uncovered
      NYT; REUTERS FILE PHOTO  -  637 words
    • Article
      Lock icon Indonesian central bank's move may trigger shakeout
      851 2  -  EXCLtISIVE From\ Shoeb Kagda in Jakarta INDONESIA'S crippled banking sector, still struggling to regain its footing after the financial crisis, could be headed for another round of consolidation, or worse, instability, following Bank Indonesia's decision to fully dismantle its blanket deposit guarantee scheme
      851 words
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      Lock icon Page 2 Advertisements Column 1
      125 2 Collapse of giants, Pg 10 Since worldwide over 275 multi-disciplined professionals f 'f V including lawyers chartered accountants. J i 1 chartered secretanes and bankers have W M provided confidential and cost effective JIJ company formation in all the major low f Jfm mf Tl Incorporation Fees from US$5OO The
      125 words
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  • in the news
    • Article
      Lock icon SIA makes it into UBS Warburg's Global 50 listing
      387 3  -  List spotlights firms expected to offer superior returns in the medium term By( Conrad Raj run tne tirst time a Singapore company has joined the "Global 50 Highlighted Stocks" compiled by international investment house ÜBS Warburg. And, not surprisingly, the honour
      387 words
    • Article
      Lock icon SingTel's overseas push increases risk, analysts say
      497 3 Bloomberg SINGAPORE Telecommunications Ltd's reliance on overseas investments exposes it to greater risk, due to swings in the associated companies' contributions to earnings, analysts said. In the fiscal first quarter, the company said profit from five phone companies in which it has invested
      Bloomberg  -  497 words
    • Article, Illustration
      Lock icon Singapore rocks at nation's 37th birthday bash
      624 3 ROUSING music and riotous colours. Pomp and pageantry. These may be the staple of National Day parades, but ethnic rock and roll? Well, why not? Singapore's 37th birthday celebrations yesterday seemed like a good time for a healthy dose of levity to soothe
      CHUNG CHIN NON/ST  -  624 words
    • Article
      Lock icon SMEs, GLCs should pool resources
      423 3  -  ASME asks for tax rebates, incentives forgoing overseas By Eugene Low SMALL and medium enterprises ought to pool resources and work together in their bid to venture overseas. Government-linked companies should also work with SMEs when they expand overseas, as this will allow smaller firms
      423 words
    • Article
      Lock icon APP told to pay US$100m into 3rd party account
      236 3 Bloomberg [JAKARTA] Asia Pulp Paper, a Singapore-based company with pulp and paper mills in Indonesia and China, has to pay US$lOO million into a third-party account to prove its commitment on repaying US$l3 billion in debt, the chief of the bank
      Bloomberg  -  236 words
    • Article, Illustration
      Lock icon Bad time for capital guaranteed funds
      513 3  -  Right time to invest in them was 2 years ago: fund manager By 1 Siow Li Sen THIS is not a good time for investors to move into capital guaranteed funds because interest rates are low and equities are near bottom. so you would
      ARTHUR LEE  -  513 words
    • Article, Illustration
      Lock icon Megawati's hubby blamed for loss of China gas deal
      409 4 Multibillion contract lost to Australia, but Indonesia gets smaller supply deal AP (JAKARTA) Indonesia said yesterday that it is finalising a new contract to supply natural gas to China after losing out to Australia on a more lucrative, multibillion dollar deal.
      AP; REUTERS FILE PHOTO  -  409 words
    • Article
      Lock icon Telekom, TRI to sign cellphone merger deal soon
      249 4  -  From E Diana Oon Abdullah in Kuala Lumpur TELEKOM Malaysia and Technology Resources Industries (TRI) are aiming to sign a merger agreement for their respective cellular phone operators. TM Touch and Celcom, by the end of this month. Such a merger would
      249 words
    • Article, Illustration
      Lock icon Keeping the peace
      1142 4  -  WRITER'SJOURNAL The differing post-crisis fortunes of Malaysia and Indonesia are affecting the nature of their bilateral relations karim raslan The writer is a Kuala Lumpur-based lawyer and author IN the wake of Malaysian Prime Minister Mahathir Mohamad's visit to Bali earlier this week. Malaysians must come to
      1,142 words
    • Article
      Lock icon Thais balk at Kra Canal study deal
      431 4  -  HK company wants exclusive rights to findings From Harish Mehta in Bangkok i mai ueience Minister Chavalit Yongchaiyudh. a leading supporter of plans to build the Kra Canal, has backed away from appointing a Hong Kong firm to do a feasibility study because
      431 words
    • NOTE BOOK
      • Article
        Lock icon IMF official sees 3.5% Indon growth
        65 4 Bloomberg I JAKARTA] Indonesia's economy may expand about 3.5 per cent this year, less than the government's 4 pei cent target, the International Monetary Fund's Asia-Pacific senior adviser Daniel Citrin said. Growth may be hurt by weaker-than-expected investment and exports. "The external recovery is
        Bloomberg  -  65 words
      • Article
        Lock icon Tioman to be duty-free island next month
        65 4 [KUALA LUMPURJ On Sept 1, Pulau Tioman will become Malaysia's third duty-free island after Labuan and Langkawi, New Straits Times reported yesterday. The official declaration of the island's duty-free status will however come at a later date. Deputy Finance Minister Chan Kong Choy
        65 words
      • Article
        Lock icon HK subway operator offers fare discounts
        51 4 Bloomberg I HONG KONG J Subway operator MTR Corp will offer passengers one free ride for every ten journeys as Hong Kong struggles to pull out of an economic slump. The "ride ten. get one free" promotion will run from Sept 2to March 2.
        Bloomberg  -  51 words
      • Article
        Lock icon KL to crack down on software piracy
        65 4 Bernama [KUALA LUMPUR] Malaysian companies are reminded to conduct an audit on their software to make sure they are legal before a crackdown on corporate software piracy begins on Sept 1. Domestic Trade and Consumer Affairs Minister Muhyiddin Yassin warned that not only
        Bernama  -  65 words
      • Article
        Lock icon Thai exports rise 10% in July
        67 4 Reuters (BANGKOK) Thai Commerce Minister Adisai Bohdaramik yesterday said Thai exports rose about 10 per cent in July on the year and imports fell about 4 per cent on the year. He said he planned to review Thai export growth projections for 2002 early
        Reuters  -  67 words
      • Article
        Lock icon Cathay jet returns to HK after engine snag
        54 4 AP IHONG KONG) A Cathay Pacific Airways jetliner with 376 people on board returned to Hong Kong shortly after takeoff yesterday when flames were seen in one of its engines, a government spokeswoman said. The Boeing 747 was en route to San
        AP  -  54 words
    • Article, Illustration
      Lock icon Taiwan investors say spat will blow over
      623 5 BtISINISS AS USUAL Those investing in China have learned to be philosophical about the intermittent rows AFP [SHANGHAI] Taiwanese in vestors who have poured billions of dollars into China are hoping the latest po litical spat between Beijing and Taipei will soon blow
      AFP; FILE PHOTO  -  623 words
    • Article
      Lock icon Nod for Chinese to buy property
      205 5 Ban stays for key infrastructure, security projects Reuters (TAIPEI) Taiwan's cabinet has approved Chinese investment in the island's property market with immediate effect, the Interior Ministry said in a statement yesterday. The opening aims to "help develop and utilise land resources and revive real
      Reuters  -  205 words
    • Article
      Lock icon Taiwan chipmakers may apply on Monday to invest in China
      240 5 Bloomberg [TAIPKI] Taiwan Semiconductor Manufacturing Co and other chipmakers on the island may start submitting applications on Monday to invest in mainland China, less than a week after Beijing threatened war with Taiwan. The island will give chipmakers permission by
      Bloomberg  -  240 words
    • Article
      Lock icon Welfare claims hit a record high in HK in July
      214 5 Reuters [HONG KONG) The number of people on welfare in Hong Kong hit a record high last month, with nearly 260,000 on the dole, highlighting weakness in the local econo my and a growing income gap in one of the
      Reuters  -  214 words
    • Article
      Lock icon Hindujas ask Indian court to lift travel curbs
      261 5 AFP [NEW DELHII The three Britain-based billionaire Hinduja brothers, allegedly involved in a US$l.3 billion arms scandal, yesterday appealed to India's Supreme Court to lift travel restrictions on them. The Supreme Court ruled in September that at least one of the three
      AFP  -  261 words
    • Article
      Lock icon Cheung Kong prices HK flats close to govt housing
      734 5 Fears rise of full-scale price war among developers Reuters [HONG KONG) Tycoon Li Ka-shing's Cheung Kong (Holdings), one of Hong Kong's leading developers, is selling its latest residential project at prices in line with government subsidised flats, underscoring persistent weakness in
      Reuters  -  734 words
    • Article, Illustration
      Lock icon Magnetic speedster
      64 5 GHAII J h t f orld s^ st magnetic levitationpassenger train arriving in Shanghai yesterday. Using magnets that can propel it at speeds of up to 430 kmh. the train will run on the world s first commercial track that will link the city and its new international
      AFP  -  64 words
    • ASIA NOTES
      • Article
        Lock icon HK manufacturers upbeat about H2
        89 5 Reuters IHUNU KUNGI Manufacturers in Hong Kong expect more orders in the second half than the same period last year, while exporters are also more optimistic about this year's prospects, a government survey showed. The Census and Statistics Department said that manufacturers also expect capacity
        Reuters  -  89 words
      • Article
        Lock icon China factory output up 12.8% in July
        61 5 Bloomberg IKtiJiNUj (.hina stactory production accelerated in July as carmakers met growing domestic demand and exports rose, suggesting Asia's second largest economy may sustain an 8 per cent growth rate this quarter. Production rose 12.8 per cent from a year earlier to 256.8
        Bloomberg  -  61 words
      • Article
        Lock icon 4 die in Pakistan grenade attack
        53 5 Reuters [ISLAMABAD] Four Pakistanis, including three nurses, died in an apparent grenade attack on a Christian missionary hospital in Pakistan yesterday, and up to 20 people were wounded, hospital and police officials said. Police said one attacker appeared to have blown himself up in
        Reuters  -  53 words
      • Article
        Lock icon Shell sees China pipeline deal next month
        84 5 Reuters [LONDON] The final deal to build a gas pipeline crossing China from west to east should be signed next month, energy giant Royal Dutch/Shell, a partner in the project, said on Thursday. "We are aiming for a joint venture contract before the
        Reuters  -  84 words
      • Article
        Lock icon Top Infosys executive joins rival Wipro
        75 5 Reuters IBAiNOALUKkj i nechiet marketing officer of Indian software leader Infosys Technologies Ltd has quit to join rival Wipro Ltd, where he will help oversee the company's recent foray into the high growth back-office services sector, a Wipro spokeswomen said yesterday. "Sanjay Joshi has
        Reuters  -  75 words
      • Article
        Lock icon UMC reports 74% jump in July sales
        60 5 Bloomberg 11 Alf tij i aiwan s United Microelectronics Corp said July sales rose 74 per cent from a year earlier to NT56.72 billion (Ss3so million). Sales were NT$6.7l billion in June. Taiwan Semiconductor Manufacturing Co, United Microelectronics's larger rival, said that July
        Bloomberg  -  60 words
    • Article
      Lock icon BOJ ignores IMF call to act against deflation
      420 6 Central bank's policy board votes to stick to its ultra-loose monetary policy Reuters [TOKYO] The Bank of Japan yesterday ignored a call from the International Monetary Fund to act against the deflation plaguing the economy, leaving unchanged the ultra-loose monetary policy that
      Reuters  -  420 words
    • Article, Illustration
      Lock icon Who is being bailed out in Brazil?
      789 6  -  COMMENTARY IMF s USs3ob loan also gave a big boost to Citigroup and Fleetßoston, which had close to USs2ob at risk paul krugman ON Wednesday the Bush Administration. which says that it is for free trade and against bailouts, once again put its
      789 words
    • Article, Illustration
      Lock icon Ex-minister Tanaka quits Parliament
      217 6 AP [TOKYO] Former Japanese foreign minister Makiko Tanaka yesterday tendered her resignation from Parliament, in a surprise announcement two weeks after she gave testimony over allegations of misuse of public money. Ms Tanaka handed her letter of resignation to the speaker of the lower house, a
      AP; REUTERS FILE PHOTO  -  217 words
    • Article
      Lock icon Japan to review use of foreign aid with Asean, China, Korea
      344 6  -  It's part of Tokyo's plan to forge tie-ups within Asean+3 Front< Anthony Rowley in Tokyo FACED with the prospect of further cuts in Japan's official development assistance (ODA), foreign ministers and development ministers from the 10 Asean countries plus
      344 words
    • Article
      Lock icon US fraud law jolts foreign firms
      562 7 CEOs of foreign companies with US-registered securities must vouch for the accuracy of their firms' financial statements Bloomberg (LONDON) ABN Amro Holding NV knew about it. Novartis AG did not. And plenty of other European companies are simply confused. So, to set the record
      Bloomberg  -  562 words
    • Article
      Lock icon US productivity rises a sluggish 1.1% in Q2
      400 7 1 LATEST US INDICATORS AP [WASHINGTON] Productivity grew at its most sluggish pace in a year, rising at a annual rate of 1.1 per cent in the second quarter, reflecting an economic recovery that has lost considerable momentum from the beginning of
      AP  -  400 words
    • WORLD WATCH
      • Article
        Lock icon Qwest posts Q2 loss off US$1.1b
        87 7 Reuters ICHILACjOJ US local phone company Qwest Communications International posted a US$l.l billion quarterly loss on Thursday, but said it would soon announce a buyer for its telephone directory business as it races to avoid running out of cash. Slack demand hurt sales of
        Reuters  -  87 words
      • Article
        Lock icon NZ's Telecom has record Q4 loss
        82 7 Bloomberg (WELLINGTON] Telecom Corp. which sells phone services to nine out of 10 New Zealand households, had a record loss in its fiscal fourth quarter after writing down the value of its Australian unit by NZ$B5O million (Ss6Bo million). Telecom had a loss of
        Bloomberg  -  82 words
      • Article
        Lock icon Coca-Cola Amatil H1 earnings up 22%
        93 7 Bloomberg 101 Luxe, i j v,uca Amain L.ta, Asia-Facinc s largest Coke bottler, said first-half profit from continuing businesses rose 22 per cent as it more than doubled earnings in Korea. The Sydney-based bottler of Coke. Fanta, Powerade and other beverages boosted earnings to
        Bloomberg  -  93 words
      • Article
        Lock icon US anti-trust probe into hospital mergers
        73 7 AFP [WASHINGTON] The Federal Trade Commission is focusing an anti-trust investigation on the healthcare industry to see if recent hospital mergers were aimed exclusively at raising prices, the New York Times said yesterday. FTC chairman Timothy Muris told the daily that spending in anti-trust
        AFP  -  73 words
      • Article
        Lock icon Curtains for Time Warner Entertainment?
        47 7 Bloomberg [NEW YORKI AT&T Corp. AOL Time Warner and Comcast Corp are close to an agreement to dissolve their entertainment partnership. Time Warner Entertainment, and may announce terms next week, the New York Times said, citing people familiar with the matter. Bloomberg
        Bloomberg  -  47 words
    • Article, Illustration
      Lock icon Martha Stewart may be subpoenaed
      334 7 NYT. AFP [NEW YORK) A day after the founder of ImClone Systems was indicted on charges of insider trading and bank fraud, the spokesman for a congressional committee looking into Martha Stewart's sale of ImClone shares said the panel might subpoena her to testify. Committee
      NYT.; AFP; AP FILE PHOTO  -  334 words
    • Article
      Lock icon SEC's Adelphia probe includes Motorola deals
      246 7 Reuters [NEW YORK) The US Securities Exchange Commission's investigations of troubled cable operator Adelphia Communications includes a probe of its dealings with at least one set-top box maker. Motorola. The SEC filed a civil suit last month against Adelphia and its founders the Rigas
      Reuters  -  246 words
    • Article
      Lock icon Microsoft agrees to better online security
      236 7 It settles complaints over its Passport system with FTC Bloomberg (WASHINGTON) Microsoft Corp agreed to improve security of its Passport system for signing on to the Internet, settling US complaints the personal information of some 200 million consumers wasn't safe from hackers. The Federal
      Bloomberg  -  236 words
    • Article
      Lock icon Buffett goes shopping with US$20b
      462 7 He is looking for 'elephants' or large undervalued firms Bloomberg (OMAHA, Nebraska] Billionaire investor Warren Buffett's Berkshire Hathaway is on a US$2O billion buying spree some investors say has only just begun. So far this year. Mr Buffett has joined with Lehman Brothers to provide
      Bloomberg  -  462 words
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      Lock icon Page 4 Advertisements Column 1
      655 4 J|g^J22£^£^9^^J^^J^^|^^Jj^^^Tc^d>crtis^ainol^reM80^8^M2^^inaiUecruilS@sp!^on^g IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF QUEK REALTY PTE LTD (IN VOLUNTARY LIQUIDATION) NOTICE OF RESOLUTION At an Extraordinary General Meeting of the members of QUEK REALTY PTE LTD duly held and convened at 37 Jalan Scmpadan #01-09 Singapore *****6 on
      655 words
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      Lock icon Page 4 Advertisements Column 2
      147 4 IN I UK MATTKK OK I UK COMPANIES ACT, CAP. 50AND IN THK MATTKK OK O-SIN KN I KKPKISK PIK. I .Tl>. (IN MKMBKKS* VOI.I NTAIO WINDING UP) NOTICE OK KINAI. MEETING NOTICE IS 111 Rl BY OIVIN pursuant lo Section *0Xl2) ol' the Companies Act. Cap 50 thai the
      147 words
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      Lock icon Page 4 Advertisements Column 3
      554 4 C'hiu Teng Development Pte I.ld (In Voluntary Liquidation) NOTICE IS HEREBY GIVEN PERSUANT TO SECTION 308 OF THE COMPANIES ACT CAP. 50 THAT A FINAI. GENERAL MEETING OF THE COMPANY WILL BE HELD ON THE 7TH DAY OF SEPTEMBER 2002 AT 10.00 A.M. AT 5 JAI.AN BESAR #05-01 SINGAPORE *****5
      554 words
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      Lock icon Page 4 Advertisements Column 4
      242 4 IN THE MATTE* Of THE COMPANIES ACT CAP 50 ond SIM YONG PROPERTY PTE LTD (In Members Voluntary liquidation) Ar on E «tr oof dmory Geneto! Meeting of the obovenomed company duly convened ond held at HOCK 809 FRENCH ROAD #05 168 SINGAPORE *****9 on Ist day of August 2002
      242 words
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  • Article
    Lock icon STOCKS ASIA
    5755 6 Transaction date: Aug 9 for more, go to u x u u\asiaoiienmarkets.com HONG KONG HutchisonWhampoa 51.75 -125 609? Vg HyvsnOev 6 90 -0 15 555 M 1W Interchina Hldgs 0 70 0 01 195 j Int'l Bank of Asia 1 86 -0 02 112 AcrossAsia Multimedia 007 unch
    5,755 words
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  • Article, Illustration
    Lock icon FINANCE
    1158 7 i Transaction date:Aug 8 IHTERBAHK CROSS RATES C tyro HK$ tad ft ftipUh Tew Wow H< Pit 8s Peso S$ Band Sfr NTS Baht Pound us$ Australia 0.839 4.414 0.548 4.149 25.883 47.887 0.643 6.419 2.021 1.174 31.684 27.536 0.940 5.532 0.801 18.042 22.584 0.347 0 532 Canada 1.192
    1,158 words
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  • in the money
    • Article, Illustration
      Lock icon Designing a good financial plan
      1076 8 MONEY TAL K A comprehensive plan marks where you are now, financially, where you want to go, what you want to do along the way and the best route to get there MANY people know they need a financial plan to help them set goals
      FILE PHOTO  -  1,076 words
    • Article
      Lock icon DBS Vickers Securities'
      388 8 Sentiment in the local bourse was fitted in mid-week by the dramatic turnaround in the US markets, boosted by talk of further interest rate cuts by the Federal Reserve, and bettertharvexpected earnings frpm US tech bellwether Cisco. For the week, however, the STI fefl 0.5 per cent
      388 words
    • Article
      Lock icon Model Stock Portfolio
      332 8 STI PORTFOLIO PURCHASE CURRENT -WK CHNG FRM NO CASH PROFIT/ WEIGHT WEIGHT PRICE PRICE CHNG PURCHASE OF VALUE LOSS (SI) <S$) SHARES Consumer 9.56 8.09 Tsit Wing NA 1.80 0.40 0.39 -2.5 -2.5 10,000 3,900 (100) Comfort NA 1.77 0.71 0.77 1.3 7.7 5,000 3,825 275 HTL
      332 words
    • Article, Illustration
      Lock icon TOP PICKS FOR THE WEEK
      314 8 PT6O ($0,665) Recently announced a owned by Darco) with a Chinese state-owned company to buid and operate a water treatment plant in Zhepang province. The company wi acquire two sources of revenue from ftirs contract, namely, engineered water system and sate of water This wi
      314 words
    • Article
      Lock icon Good CapLand results lead to seven upgrades
      253 8  -  Great Eastern and SNP also feature in 25 recommendation changes with 18 upgrades By Patrick Peck The writer is vice-president for the Paris-based JCF Group THIS week we have a total of 25 recommendation changes, with 18 upgrades versus seven downgrades. Capita Land
      253 words
    • Article
      Lock icon Change*
      162 8 tSSSSFl^tKSMESSMEBS CaprtaLand B.B.Bj S.S.H i 1.50 Chartered Semiconductor S O j 1.75 Cyde Carnage B.H j S.S I 2.00 Dataputsa Technology O B 1.75 DBS Group Bj S 135 Haw Par Corp Oj B j 1.50 Fraser Neave H U 2.17 KsppelCorp H B j 1.58 Great Eastern Hldgs
      162 words
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  • what's in style motoring
    • Article, Illustration
      Lock icon Power trip
      798 9 Journeying in an extremely powerful Bentiey transcends physical travel WHOEVER said life begins at 40 must have had my generation in mind. We are indeed of a blessed cohort. Aside from those living in the world's hot spots, baby boomers like myself have enjoyed one of the longest
      798 words
    • Article, Illustration
      Lock icon Style and substance
      666 9  -  Before you go out and buy your next sedan, first check out Renault's Laguna Estate. You might just change your mind All reviews by Christopher Tan STATIONWAGONS are shedding their dull-as-dishwater image. It probably started with Volvo, which gave the genre a hip. upwardly-mobile persona. Recently, Alfa
      666 words
    • Article, Illustration
      Lock icon Hole-in-one BMW awarded, after 6 yrs
      249 9  -  By" Ven Sreenivasan FINALLY, after six years, someone has won a Beemer at the Performance Motors Ultimate Challenge golf tournament. PSA Corp senior executive and BMW 520 i owner Koh Geok Hwee clinched the $126,000 (without COE) BMW 318iA for his eagle shot at
      249 words
    • BRAVE NEW WHIRL
      • Article
        Lock icon Fast moves from Ford
        106 9 FORD will once again offer a dose of adrenline, in the form of a 170-horsepower Focus ST170 and a 220-horsepower Mondeo ST220. The pair will tickle the fancy of sports fans and Ford aficionados who miss the likes of the XR3 and Escort Cosworth. The Focus
        106 words
      • Article
        Lock icon KDDI-Pioneer navigation systems
        115 9 KDDI Corp and Pioneer Corp will jointly develop car navigation systems incorporating communication modules based on KDDI's third-generation cellphone service, according to Dow Jones. The two firms aim to create a car navigation system capable of high-speed downloads of information from external servers to cars. KDDI and
        115 words
      • Article
        Lock icon 4-wheel drive for Mercs?
        98 9 MERCEDES-BENZ cars may soon come with an all-wheel-drive option. Following a trend popularised by brands such as Audi, Porsche, and Subaru, all-wheel-drive is becoming more relevant as car engines grow in power. With all-wheel-drive, power is distributed to drive all four wheels, instead of just two.
        98 words
      • Article, Illustration
        Lock icon BMW sales to Asia up 19%
        93 9 BMW GROUP delivered 36,673 cars in Asia during the first six months of the year, 19 per cent more than a year-ago. The figure included 4,214 Minis, which were offered for the first time. The marque's performance in Asia was set against a 6
        93 words
      • Article
        Lock icon Honda surpasses Toyota again in Japan
        104 9 HONDA topped the list of bestseiling car models in Japan last month with its Fit compact, beating Toyota's Corolla for the fourth straight month. Honda sold 23,019 Fit compacts last month, 39 per cent more than a year ago, Bloomberg said, quoting Japan Automobile
        104 words
      • Article
        Lock icon LED signal lights may mean the milliseconds difference between life and death
        217 9  -  Compiled by i Christopher Tan IN one-third of collisions between cars and buses, the car driver hits the bus because his response was a fraction of a second too slow, US transportation officials say. If that minuscule lag
        217 words
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  • in focus
    • Article, Illustration
      Lock icon The collapse of giants Employees know best
      3853 10  -  CEOs offer every excuse on why their companies fail. Every excuse but the right one: their own errors. Here are 10 mistakes to avoid Ram Charan, Jerry Useem HOW many mor must fall? Eac month seems t bring the sound < another gian
      REUTERS; BLOOMBERG  -  3,853 words
    • Article, Illustration
      Lock icon Quick fixes for company failures
      760 11 THE recent corporate collapses have involved many breakdowns: in ethics, in trust, in common sense, to name a few. Byt perhaps the most troubling breakdown is in corporate oversight. Directors, senior executives, and Wall Street analysts all failed miserably by missing or concealing danger signals
      760 words
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  • Article
    Lock icon BT SHARE INFORMATION SERVICE
    2539 11 for week beginning A ug 5 Net earn IK Date TY IY TV IY Company ann (Sm) (Sm) (ttl) (cts) Australand 25 Jul I 24 702 ***** 4 4 6 39 CM 31 Jul I 1218 25 6 51 1 1090 Caprtaland 26 Itil I 98
    2,539 words
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  • week in review
    • Article, Illustration
      Lock icon Top stories this week
      842 12 For the full stories. visit http://business-times.asia l.com.sg Stronger Q2 growth brightens outlook: PMGoh Aug 9 THE outlook for the economy has brightened after a 3.9 per cent growth in the second quarter up from last month's flash estimate of 3.2 per cent and the official growth
      FILE PHOTO  -  842 words
    • Article
      Lock icon What we said
      298 12 Editorial Aug 6 Looking beyond the double dip THE concern is that any relapse in the major industrial markets will be magnified here, given Singapore's relatively small but very open economy. Hut the full story is more positive than it is negative, thanks to the on-going efforts
      298 words
  • Article
    Lock icon KLSE
    2801 12 Transaction (late:Aug9 KUALA LUMPUR Fraser&Neave 3.62 0 02 41 Vol FS8M —2.01 0 04 6 MM COM) FVV Industries 0 24 0 01 9 Gadanq 1.10 0 07 7 ASM Realty 100 0 04 7 Gamuda 6.05 0 05 413 1 51 0 02 54 GanadCorp 080 001 1
    2,801 words
  • Article
    Lock icon SGX
    758 12 Transaction date: A ay S W"*"-"* w O— V* WI a^i «J00 o«n o» tfM .0010 1 u 1 *30 4)040 OCMC «M 10 400 CiMC Jfc 111 1 too <oioe out 'A? j mo -o >x C*, CH*. SO 244 S400 -0 <00 M «< 037 0»S OmnvTJV
    758 words
  • Article
    Lock icon BONDS & WARRANTS
    722 12 BONDS WARRANTS rr*n Uptry Vol Comr Um Dm Mtto Co sat. COOOtbtM Prk. NCwm* lr*1 ASTI W*****1 20.5 -1 16 62 1 10 22 Acma Ltd W*****6 15 1 50 6* 4 67 27 Amtek W*****0 JO unch 101 1 33 3 1 38 34 Armstrong W*****0 1.5 1 10
    722 words
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  • what's in style food
    • Article, Illustration
      Lock icon Nesting good health
      1754 13  -  Want to try out a bird's nest for a change? JAIME EE has some tips for buying and preparing the legendary health product JAIME EE IF you've watched Kindred Spirit that seemingly never-ending Hongkong TV serial that's currently mesmerising the TV-watching population every night on Channel i
      ARTHUR LEE  -  1,754 words
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      936 13 wine&dine with weekendßT evety order of main course at Cafe Windsor and dig other delectable items from the Fiesta Buffet Lunch $17.50+++ (chikjj 01 00 Kz, V*heelock Place. Tel. 6230 3460 into a spread of salads and desserts. at St Gregory's Brasserie Courtyard. Weekdays at Enjoy a sumptuous meal or
      936 words
  • Page 13 Miscellaneous
    • Miscellaneous
      Lock icon Page 13 Miscellaneous Column 1
      330 13 CRYPTIC CROSSWORD ACROSS [i [2 [3 [4 15 |e [7 1 Hollywood types who have I meteoric careers? (8,5) |H[H| HH ■H 9 Rising, move drunkenly 5 Hi around black cat (9) 9 10 Elegance of good athletics hJ Lag contest 11 Put down log (5) I 12 Expect to
      330 words
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  • what's in style people/collections
    • Article, Illustration
      Lock icon A room to remember
      787 14  -  CORINNE KERK peeps into Mandarin Singapore's main tower to see how things have changed there after the hotel conceptualised a modern look with ethnic tradition CORINNE KERK THE sparse hotel room looks like a set from an old 70s drama serial. The colours are mostly dull
      787 words
    • Article, Illustration
      Lock icon Meet the spa sisters
      632 14  -  Aromatherapist Judy and yoga expert Jessie join forces to organise unique spa retreats By Cheah Ui-Hoon WHEN you've a sister who's a yoga expert, and you're into aromatherapy, how about joining forces to compete in the fast-growing world of wellness? Meet the "spa sisters" Judy and
      632 words
    • IN STORE
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        Lock icon Starck touch for your bathroom
        152 14 EVERYONE seems to want to have a piece of hot-shot designer Philippe Starck and the more often he is involved with their product design, the better. That's why Hornberg-based Duravit has just launched a new product line from the designer with the tasteful touch. The
        152 words
      • Article, Illustration
        Lock icon Thai Festival at Lim's Arts and Living
        86 14 THAILAND s not so far away if you want to hop over to do a spot of shopping. Still, if you haven't the time. Lim's Arts and Living could be the place to go this month. The retailer of Asian home and lifestyle
        86 words
      • Article, Illustration
        Lock icon For lovers of natural colours
        65 14  -  Compiled byt CORINNE KERK GOOD news for women who can't seem to take any make-up unless it comes in an earthy tone. Bobbi Brown's Fall 2002 cosmetic range is all about naturallooking colours on eventoned skin that "looks foun-dation-free" including smoky shades of eye shadow.
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  • what's in style art
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      Lock icon Eyeful of aesthetics
      742 15  -  The joint exhibition Grip signifies artists' competence in dealing with situations in one's work or personal affairs, says CHEAH UI-HOON CHEAH UI-HOON GRIP, an exhibition by three Australian artists at the Art Gallery of the National Institute of Education, certainly lives up to its name. It grips
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    • ART beat
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        Lock icon Jimmy Quek's flower show
        124 15 LOVE of flowers and the spiritual value attached to them is deeply rooted in every religion and all people. IBM art winner Prabhakara Jimmy Quek's search for truth in nature then naturally focused on what could be considered the most beautiful creation of nature, flowers. Quek's
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      • Article
        Lock icon A Midsummer's Daydream
        85 15 SUKI Chan, Plastique Kinetic Worms' (PKW) resident artist, presents a site-specific video installation that has been developed based on her experience of the Singaporean culture. Among the themes that interested her was the immigration from China to Singapore. Chan is a Hong Kong artist living in England.
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      • Article
        Lock icon Viviane Cisinski and Isabelle Hugo
        121 15 FOR some Western art with rich hues of the Orient, check out polish artist Viviane Cisinski and French artist Isabelle Hugo's paintings at Opera Gallery. Paris-based Cisinski, 57, creates abstract and figurative works with oil on canvas, but her textures are mixed. Her typical subject
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      • Article
        Lock icon Self and Soul
        120 15  -  Compiled by CHEAH UI-HOON THE works of Diah Yulianti, Katirin and Ahmad Shukri Elias are an insight into human nature and the individual's confrontation with himself, others, his surroundings and destiny. All three artists paint with colour to reveal a personal perspective of the search for meaning.
        120 words
    • Article, Illustration
      Lock icon Fabulous Art of friendship
      612 15  -  liyi Geoffrey Eu ART is a sharply observed, thought-provoking and thoroughly enjoyable play by Yasmina Reza about three close friends and the brutal examination their friendship undergoes when one of them buys an expensive abstract painting. It poses interesting philosophical questions about issues like the values
      612 words
    • Article, Illustration
      Lock icon Promoting art beyond borders
      731 15  -  By] Parvathi Nayar "THERE are two kinds of barts festivals. In some, budget drives the programming, I prefer the programming to drive budget," twinkles Sean Doran, festival director for all four of Perth's Millennium Celebration Festivals 2000-2003. He was recently in town to promote the Perth
      731 words
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