The Business Times, 24 August 2002
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2002-08-24
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The Business Times
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Title Section17 2002-08-24 1 85c THE BUSINESS TIMES weekend SINGAPORE AUGUST 24 25. 2002 Internet littp business-times asial com sg I17 words
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Article, Illustration612 2002-08-24 1 Ven Sreenivasan - But stock battered as investors and analysts remain wary By Ven Sreenivasan [SINGAPORE] The chairman of Datacraft Asia yesterday said he is confident the Commercial Affairs Department will find no wrong-doing by its directors. "We have conducted our own investigations and would beCompiled by BT,Vhart bu Bloomberg - 612 words
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623 2002-08-24 1 Serena Ng - Drastic change in investment climate, competition in China cited for surprise move By Serena Ng [SINGAPORE] In an unexpected development closely watched by China investors, soundcard giant Creative Technology and Keppel Land associate Dragon Land have dissolved their high-profile Creative Dragon Park (CDP) industrial623 words
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Article, Illustration370 2002-08-24 1 Catherine Ong - Here's one foreign talent who's quitting and staying EXCLUSIVE By i Catherine Ong [SINGAPORE] Mark Greaves, managing director of NM Rothschild Sons (Singapore), is leaving the family-controlled merchant bank after 25 years. But unlike the parade of recently-departing foreign talent, the 45-year old Englishman is here to stay. "I thinkCHRIS LOH - 370 words
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Article, Illustration975 2002-08-24 1 eugene low - SATURDAY SOAPBOX The Singapore Dream b what roots us here, but we have to accept that It's different things to different people eugene low This past week, we've heard plenty about stayers and quitters from the private jokes to the articles975 words
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Page 1 Advertisements
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Advertisement256 2002-08-24 1 WHAT'S M STYLE Fashion: 'insider' traders. PAGE ;188 in rocus Fbrbes: Come KWyH clean on how much CEOs are I A J paid. PAGE 8 MOTORING Mitsubishi Airtrek Turbo-R: wagon with a difference. PAGE 9 IN THE MONEY Price of using stock options. PACE 10 8 !17! lIJIIISI don't you256 words
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Advertisement8 2002-08-24 1 Mtfllwf Be fair to foreign talents Pg 48 words
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next page
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Article, Illustration638 2002-08-24 2 r sivanithy - MARKET REVIEW r sivanithy THE stock market is said to discount a country's future economic and earnings performance. Experts differ on the time frame, but it seems that an efficient market tries its best to peer not more than six months into638 words
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493 2002-08-24 2 Shoeb Kagda - Newlndon quota system could raise construction and land reclamation costs in Singapore From Shoeb Kagda in Jakarta INDONESIA is introducing quotas to control sand exports from the Riau province starting next month, a top government official told BT yesterday. The493 words
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389 2002-08-24 2 Andrea Tan - Pilots to get $200 if business, first class seats not available By Andrea Tan [SINGAPORE] Singapore Airlines pilots will get their business class seats after all. And if no business or first class seats are available, the pilots will get $200 each389 words
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577 2002-08-24 2 Eddie Toh - Share prices of YTL Power, YTLCoip drop 5% each From Eddie Toh in Kuala Lumpur AS London police quesi- tioned a second man over 11 the alleged bribery connectr. Ed with the purchase of e Wessex Water pic by YTL I Power577 words
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Page 2 Advertisements
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Advertisement105 2002-08-24 2 Since 1975 our worldwide staff of over 273 multi-disciplined professionals B 1 f V including lawyers chartered accountants ■\l j i I chartered secretaries and bankers have W A K 1 provided confidential and cost effective SM company formation in all the major low vn? •> T i w Awij105 words
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in the news
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Article, Illustration496 2002-08-24 3 Kalpana Rashiwala - Sing Land HI net profit falls 12% to $40.5fn; UK's up 1% to $37m By Kalpana Rashiwala CBD office giant Singapore Land and its parent United Industrial Corporation yesterday warned in their firsthalf results statements that the current weak economic sentiments andFILE PHOTO - 496 words
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IN BRIEF
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67 2002-08-24 3 DELGRO Corp yesterday posted a 10 per cent rise in interim net profit to $31.6 million on the back of higher contributions from associates and significantly lower taxes. Turnover edged up 1.9 per cent to $554.1 million for the period ended June 30.67 words
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Article60 2002-08-24 3 EDUCATION provider Raffles La Salle yesterday reported a 48 per cent increase in FY2OQ2 net profit to $3.5 million. Turnover rose 25 per cent to $15.5 million. Earnings per share for the year ended June 30 rose to 5.07 cents from 3.81 cents. Net tangible60 words
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76 2002-08-24 3 Reuters BNP Paribas has shifted its spot foreign exchange operations in Tokyo to Singapore yesterday, the company said. BNP Paribas has merged its forex spot dealing desk into the Singapore operation in order to increase efficiency. But the company will continue itsReuters - 76 words
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64 2002-08-24 3 Reuters JURONG Engineering Ltd said yesterday it posted a net profit of $4.26 million in the first half versus a loss of $8.92 million for the same period a year ago due to higher sales and cost controls. The construction and engineering groupReuters - 64 words
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Article73 2002-08-24 3 Reuters BOARDROOM Ltd said net profit slid 10.7 per cent for the year to June 30,2002, to $4.37 million. Earnings per share fell to 3.24 cents from 4.9 cents. Turnover rose to $19.16 million from $18.52 million. Final dividend was 1.7 cents from 2.5 cents. ItReuters - 73 words
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45 2002-08-24 3 Reuters CWT Distribution said net profit was up 24 per cent for the six months to June 30,2002, at $2.27 million. Earnings per share was 1.51 cents from 1.22 cents. Turnover rose to $93.16 million from $92.41 million.Reuters - 45 words
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76 2002-08-24 3 CONSTRUCTION firm Chip Eng Seng said net profit was down 17 per cent to $3 million for the six months ended June. Turnover jumped from $43.9 million to $89.6 million. Earnings per share slipped to 0.61 cent from 0.73 cent while76 words
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250 2002-08-24 3 Andrea Tan - By. Andrea Tan STOCKBROKER GK Goh Holdings yesterday reported a quantum leap in its interim net profit from $45,000 to $9.4 million, thanks largely to the sale of its London office property. Excluding the gain of $6.4 million from the sale250 words
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776 2002-08-24 3 Wong Wei Kong - Corp governance council to give views before law takes effect next year By' Wong Wei Kong [SINGAPORE] A high-pow-ered body set up to prescribe financial reporting and corporate disclosure standards will review a new rule requiring listed companies to report results quarterly when it776 words
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347 2002-08-24 3 Reuters (SINGAPORE] An abrupt exit by the head of Singapore's stock and derivatives market operator has raised concern that the bourse would delay a decision on using its $570 million cash pile, analysts said. The Singapore Exchange (SGX), one of three listedReuters - 347 words
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180 2002-08-24 3 NATIONAL shipping company Neptune Orient Lines yesterday reiterated that its president and chief executive officer Flemming Jacobs is not about to step down. NOL chairman Cheng Wai Keung said in a statement: "This topic has not been raised by the NOL board, has180 words
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474 2002-08-24 4 Loh Hui Yin - Shareholders are getting only a 7% return instead of 15% From Loh Hui Yin inHefei DIFFERENCES in policy between the central and provincial governments have affected the profitability of a Singapore-owned power plant in Anhui province. The shareholders of the US$56O million Anhui Hefei474 words
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Article, Illustration326 2002-08-24 4 Andrea Tan - Festival food court as well as speciality restaurants planned By Andrea Tan A PART of once-popular Cuppage Terrace may be turned into a festival food court. This is the plan by its new owners, coffeeshop operators S-ll F&B Holdings, to inject lifeCHRIS LOH - 326 words
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250 2002-08-24 4 JTC Corporation plans to sell six short-tenure industrial land sites covering a total of 4.5 hectares in the current financial year. In an announcement yesterday, it also said that it would extend an existing reserve list system to cover short-tenure land launch250 words
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582 2002-08-24 4 Tan Chin Hwee Connecticut, USA - M AILB AG J Tan Chin Hwee Connecticut, USA THE provocative Off-the-CufiF commentary by Jamie Ee ("Who's a real Singaporean?" BT, Aug 22) opens up a Pandora's box. The unhappiness over the recruitment of "foreign talents" surfaced around the time when the582 words
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204 2002-08-24 4 THE interest rate for CPF savings in the Ordinary Account will remain unchanged at 2.5 per cent per annum for the three months from October and December this year. Announcing this yesterday, the CPF Board said that the computed CPF interest rate, based204 words
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Article, Illustration273 2002-08-24 4 Rachel Ong - EYEONTHEECONOMY By] Rachel Ong DEFLATION is back. Singapore's consumer price index (CPI) dipped 0.4 per cent last month compared with July 2001, the Department of Statistics said yesterday. Inflation had moved back into positive territory when prices rose 0.1 per cent year-on-year inSource: DOS - 273 words
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285 2002-08-24 4 UAE official says cHy offers opportunities with its rapid growth SINGAPORE companies should look closely at Dubai for business opportunities as the city is poised to be the fastest grower and developer in its region, says the Dubai Development and Investment285 words
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483 2002-08-24 5 Diana Oon Abdullah - Consortium makes lowest bid off RMl.7BBb; main civil works on dam to be completed in 5 years, says Sime From] Diana Oon Abdullah m Kuala Lumpur A CONSORTIUM led by Malaysian conglomerate Sime Darby has clinched the contract to build the main dam483 words
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Article, Illustration241 2002-08-24 5 AP [KUALA LUMPUR] Crouching Tiger, Hidden Dragon star Michelle Yeoh's next offer may not come from Hollywood or Hong Kong producers but from her native country's struggling palm oil industry. Primary Industries Minister Lim Kheng Yaik yesterday urged businessmen to consider using theAP; FILE PHOTO - 241 words
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NOTE BOOK
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105 2002-08-24 5 Bloomberg [JAKARTA] Indonesia may repay 428 trillion rupiah (5584.7 billion) in public debt by 2020 instead of a 2011 deadline under a plan it's discussing with the International Monetary Fund (IMF), a finance ministry official said. The debt is in the form of re-capitalisationBloomberg - 105 words
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90 2002-08-24 5 AFP [CHENGLINGJI, China] China yesterday began a "massive" mobilisation of soldiers and civilians to combat surging flood waters that have driven more than 600,000 people from their homes. More than a million people, including 15,000 troops and 100,000 militia members, are working to shoreAFP - 90 words
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81 2002-08-24 5 Bloomberg [SHANGHAI] Citibank NA, which is in talks to buy as much as 8.3 per cent of Shanghai Pudong Development Bank Co from the city government's investment arm, may buy another 1.7 per cent stake held by the city's real estate unit. Shanghai JinqiaoBloomberg - 81 words
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64 2002-08-24 5 AFP [HONG KONG] Hong Kong's total exports of goods rose 11 per cent in volume in June from a year earlier while total imports were up 11.3 per cent, the Census and Statistics Department said yesterday. The volume of re-exports in June roseAFP - 64 words
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Article74 2002-08-24 5 Bloomberg [HONG KONG] SCMP Group Ltd's South China Morning Post, Hong Kong's largest English-language newspaper, fired 4 per cent of editorial staff ahead of the start of a new format that will reduce the number of daily sections to three. The paper fired 13Bloomberg - 74 words
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108 2002-08-24 5 Bloomberg [NEW DELHI] India sought cuts in energy consumption as part of a power conservation plan announced by Prime Minister Atal Bihari Vajpayee yesterday. "I call on all government organisations to reduce their energy consumption by 30 per cent in the next five years,"Bloomberg - 108 words
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277 2002-08-24 5 Reuters [BEIJING] A Chinese court has jailed the former president of a soon-to-list bank for seven years for taking bribes, state media said yesterday. He is the latest financial official to fall in a crackdown on corruption. The Beijing court found DuanReuters - 277 words
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214 2002-08-24 5 Bloomberg [KUALA LUMPUR] Tenaga Nasional Bhd hired JP Morgan Chase Co, Lehman Brothers Inc and Commerce International Merchant Bankers Bhd to sell at least US$3OO million of convertible bonds, bankers who pitched for the business said. Selling global bonds could be cheaper forBloomberg - 214 words
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435 2002-08-24 5 NY probes whether Citigroup raised rating to land deal Bloomberg (NEW YORK) AT&T Corp said it has received a subpoena from the New York Attorney-General's Office to determine whether Citigroup Inc analyst Jack Grubman raised his recommendation on the telephone company to help the bankBloomberg - 435 words
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252 2002-08-24 5 Reuters [SHANGHAI] China said yesterday it would impose tighter foreign exchange controls on its "overseas listed" companies in a move analysts saw as another crackdown on rampant illegal corporate trading of Hong Kong stocks. Starting from Sept 1, such mainland-based companies will beReuters - 252 words
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Article585 2002-08-24 6 SEC investigation may take some time and extend to other areas like insiders' share sales and projections by executives Reuters, Bloomberg [NEW YORK] As regulators probe deeper into America Online's accounting, they are likely to look into possible securities infractions like inappropriate insider stockReuters,; Bloomberg - 585 words
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Article, Illustration389 2002-08-24 6 NYSE, NASD to stop brokers'practice of shares for fees Bloomberg [WASHINGTON] US Securities and Exchange Commission chairman Harvey Pitt has asked the New York Stock Exchange and the National Association of Securities Dealers to devise ways to stop brokerages from awarding initial publicBloomberg - 389 words
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Article355 2002-08-24 6 NYT [WASHINGTON] Paul Volcker, the former Federal Reserve chairman, has emerged as the top choice to head the new regulatory body that will oversee the accounting profession, federal officials said on Thursday, although Mr Volcker has been wavering over whether to take the job. ANYT - 355 words
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150 2002-08-24 6 Bloomberg [NEW YORKJ AOL Time Warner Inc's CNN news channel said it will alert viewers if guests appearing on its programmes are being paid by companies, after learning that some celebrities had received money from drugmakers to talk about medical problems,Bloomberg - 150 words
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WORLD WATCH
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87 2002-08-24 6 Bloomberg [MUMBAI] Credit Suisse First Boston Inc played down a report in India's Business Line newspaper that alleged it had broken laws regulating the sale of shares and corporate governance. The Department of Company Affairs had found that Credit Suisse failed to seekBloomberg - 87 words
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61 2002-08-24 6 AFP {TOKYO] Japan's financial watchdog will lift a ban preventing banks from selling their own bonds at their branches as early as next year, a report said yesterday. The move would change rules that limit banks to only selling bonds toAFP - 61 words
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40 2002-08-24 6 AFP [TOKYO] Japan's regional banks remain in danger as the economy stutters and people shift money to larger lenders after Tokyo lifted a guarantee cm certain deposits, Moody's Investors Service said yesterday —AFPAFP - 40 words
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37 2002-08-24 6 Bloomberg [CLEVELAND] Blackstone Group LP and Carlyle Group Inc have joined forces in a US$5 billion bid for TRW Inc's auto parts division, the Financial Times reported, without citing anyone.—BloombergBloomberg - 37 words
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93 2002-08-24 6 AFP [SEOUL] A long-awaited restructuring plan for South Korea's Hynix Semiconductor Inc includes another massive debt rescheduling. Deutsche Bank, a financial adviser to Hynix, has proposed that of 6.3 trillion won (519.2 billion) of total Hynix debts, creditor banks swap 1.85 trillion won for sharesAFP - 93 words
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64 2002-08-24 6 Bloomberg [HOUSTON] Former Enron Corp executive Michael J Kopper has 30 business days to pay an US$B million settlement with the Securities and Evrhangp Commission after pleading guilty to conspiracy to commit fraud, court papers show. A US District Judge made Kopper's settlement finalBloomberg - 64 words
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74 2002-08-24 6 Reuters [ATLANTA] Business travellers are returning to the skies a year after the Sept 11 attacks decimated the airline and hospitality industry, but corporate travel is still down from 2000 levels, said the Travel Industry Association erf America on Thursday. It projects the numberReuters - 74 words
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72 2002-08-24 6 Reuters [TOKYO] Global cellphone output should top 400 million units in 2003 for the first time in three years, boosted by demand for colour-screen handsets in Europe and the United States, a market research firm said yesterday. But output this year and nextReuters - 72 words
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426 2002-08-24 7 Working group formed to mull alternatives to expensing options Bloomberg [PALO ALTO, California] Intel Corp and other companies in the computer industry that have resisted treating stock options as an expense are considering disclosing more details about how their option grants affect earnings.Bloomberg - 426 words
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369 2002-08-24 7 Jennifer Lien - From, Jennifer Lien in Silicon Valley JUST four months ago, San Francisco Bay Area chief executives were ftdl of optimism, believing a recovery had arrived. Now, they're not so sure. Following a 25 per cent Jump to 64 points in April, the Bay369 words
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134 2002-08-24 7 Reuters [SEATTLE] Microsoft Corp said on Thursday that "critical" security lapses in its Office software and Internet Explorer Web browser put millions of users at risk of having their files read and altered by on-line attackers. Microsoft said that an attacker, using e-mail orReuters - 134 words
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Page 3 Advertisements
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Advertisement24 2002-08-24 3 I Lianhe Zaobao I I companies I I from China's I I province I lr «i I nere I I «■***=*&W I I I24 words
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Advertisement682 2002-08-24 3 CWT DISTRIBUTION LIMITED Announcement Interim Results The Directors of CWT Distribution Limited wish to the following Announcement: UNAUDITED RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2002 GROUP COMPANY 2002 2001 2002 2001 SS'OOO SS'OOO SS'OOO SS'OOO Turnover 93,157 92,409 1% 22,719 25,978 (13%) Cost of sales (79,987) (78,935) 1%682 words
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Page 4 Advertisements
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Advertisement365 2002-08-24 4 1800 289 8822 /I—ll wcnritj+tpfcxtajj mm mm TUAN SING HOLDINGS LIMITED (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Tuan Sing Holdings Limited (the "Company") will be held at 30 Robinson Road, #12-01 Robinson Towers, Singapore *****6365 words
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Advertisement149 2002-08-24 4 IN THE MATTER Of THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER Of QUIZPK >PLE FTC LTD (In Creditors' Voluntary Liquidation) NOTICE Of FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 306 of the Companies Act, Cap. 50, the final Meeting of the Company and the creditors149 words
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Advertisement295 2002-08-24 4 IN THE MATTER Of THE COMPANIES ACT. CAP 50 AND IN THE MATTER OF MEMAJ INVESTMENTS PTV LTD (In Members' Voluntary Uqiadaoon) NOTICE Of RESOLUTIONS At an Extraordinary General Meeting of the above-named Company duly convened and held at 10 Anson Road. #35-11 International Plaza. Singapore *****3 on friday the295 words
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Page 5 Advertisements
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Advertisement68 2002-08-24 5 ""Mr ■KjAVf *#V' vz^^B Be ihifwßP*» J^(»» B Hkl/ jWP» GREAT BRANDS BEGIN WITH GREAT DREAMS With the courage to dream and the creativity Singapore to differentiate, twenty local SMEs have f emerged as winners of the first ever "Singapore Most Promising Brand Award". <*^@&. Find out who they iri68 words
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Article5034 2002-08-24 6 Transaction date: Aug 23 for mare, go to um/wnsicumenrrmrketsjcom HONG KONG HM w- tm Alpha General. 0.03 unch ***** AnandaWingOn .003 mh *****0 Angara New Steel H 1.01 -0.03 7514 Anhui Condi H .220 -0.13 1916 Anhui Expressway H 1.66 0.01 902 Arconteoi Corp _..0.50 -0.04 1798 Asia5,034 words
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Article3221 2002-08-24 7 Transaction date:Aug 23 for live prices, log on to iirurwxisiaonerriarketsjcom -i i a A g^a-a ABNAmroNlG 56c 9 12 21 .SJSaasSfzzzSs *1 575 358 c APB Breweries 515 -505 ********** Its i»7 un ss:»a sez=as. m s 5 1 *l%i&*==s£. s 5; I J? 11 unch 241 113,221 words
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Article55 2002-08-24 7 US J2L Omr imQmm Grtftr Ob 6rTW MM MOb Ma ny I— Cwg Mtw- w U,«„ Mi CV W >3 w3 ***** 77*0 I Diamonds USS960 5«00 »»s SOJUSTadl tAMIOcd 575 440 s rSMSO Spore USS7S 11M0 *70 s I55AKOO USKQOQcd 117»H»sS«)« USBOQod --.III;** MB MtcSTICTTlOO KCO «h55 words
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Article769 2002-08-24 7 ■y- '--I a a »r.-ara.*s at g-ara UcAMHUpic 115 ---UK m£lm2Sm=z5 Tf S J? 2 »t 5 jj 515 20cAST110c 25 -15 2224 25 215 MS X "a EzzzrSI ,,J 1,5 2j22St ,Jt gi t 5 SM2« 24*5 25 27 1.7 202 S I'*',,"*"- J*? 30 23 23769 words
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Article220 2002-08-24 7 I--- UMQwM CfOte Mo CfTW MM MCm L C—MT Uj> W 1» U. *f«r 5— Cw W€ tJ ,B 0 5 5 Mi 94 5 95 40 M 10.6 55 2034 otnjy P* 20c HK 720 265 2.1 7 4 6 *****-2 OcuigKongSOcW 1780 240 65 6.7 3220 words
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in focus
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Article, Illustration1925 2002-08-24 8 Richard Heller - To restore the trust of their shareholders, companies need to come clean, not least about how much they pay their chief executives Reports by Richard Heller Copyright 2002 Forbes Global Inc AMID a welter of corporate fraud and mismanagement, chief executive officers are being criticised forCopyright 2002 Forbes Global Inc - 1,925 words
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Article, Illustration924 2002-08-24 8 Susan Kitchens - By! Susan Kitchens Copyright 2002 Forbes Global Inc IF you want to rile people these days, just mention how much money some CEOs receive. The accompanying table shows executive compensation at the 50 largest (by market cap) non-US companies. We began compiling information for the tableCopyright 2002 Forbes Global Inc - 924 words
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Article372 2002-08-24 8 Don't hide information The annual report should describe the principal factors that determine the amount that the CEO receives. No element of the pay package salary, stocks, options, loans, company car, subsidised housing and all other perks and indulgences should be omitted. Koop372 words
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motoring
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BRAVE NEW WHIRL
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Article, Illustration138 2002-08-24 9 BMW WilliamsFl yesterday confirmed that Juan Pablo Montoya's contract with the team has been extended for another two Formula One seasons until end-2004. Team principal and WilliamsFl managing director Frank Williams said: "Juan is an outstanding talent, and we are all naturally delighted that the team will138 words
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Article139 2002-08-24 9 HOT on the heels of its industry-shocking 1.33 per cent housing loan, ABN Amro is offering car loans at 3.79 per cent for the first year, 4.15 per cent for the second, and 4.33 per cent for the third year. This package gives customers savings139 words
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Article, Illustration130 2002-08-24 9 MERCEDES-BENZ should unveil the facelifted S-class by the end of the year or January. Besides minor cosmetics that make the car more elegant on the outside and a bit more luxurious on the inside, expect a 5350. It has a 3.7-litre engine that'll do battle with BMW's 735 i.130 words
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Article112 2002-08-24 9 CHINA'S capital and other main cities have suspended a scheme that allowed car owners to have personalised registration plates, following complaints over choices that were rude, crude or politically incorrect—including one reading "USA 911", local news agencies reported. Just 10 days after the programme was launched, traffic112 words
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Article140 2002-08-24 9 BMW's new 5-series, scheduled to arrive here late next year, is likely to be equipped with an industry first: active steering. The system is a steer-by-wire format with a mechanical link unlike other electronic steering systems pursued by other makers that do away with all140 words
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Article, Illustration84 2002-08-24 9 Christopher Tan - Compiled by Christopher Tan STAND back, stand clear. Here comes Volvo's 300-horsepower S6OR. It's the first 'R'-rated Volvo since the 850R of the mid-1990s so it must be something special. And Volvo assures it is. It's got electronically controlled all-wheel-drive, Brembo brakes, bucket seats, active damping (self-adjusts84 words
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Article, Illustration813 2002-08-24 9 CHRISTOPHER TAN - CHRISTOPHER TAN checks out the Mitsubishi Airtrek Turho-R, a three-in-one curb-climbing wagon with the heart and limbs of a rally champ CHRISTOPHER TAN NOT too long ago, if you had wanted an SUV, you would have ended up with a macho high-riding gas-guzzler. And if it was something813 words
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Article, Illustration262 2002-08-24 9 Andrea Tan - By Andrea Tan DRIVE away a Merc for just $4,100. No, it's not just for the downpayment. It's the full price. So what's the catch? The car is 18 years old. Its certificate of entitlement runs out in November next year. AndARTHUR LEE - 262 words
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Page 9 Advertisements
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Advertisement453 2002-08-24 9 ARMSTRONG INDUSTRIAL CORPORATION LIMITED (Incorporated in Singapore) 531 Bukit Batok Street 23 Singapore *****7 NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting ("EGM") of ARMSTRONG INDUSTRIAL CORPORATION LIMITED (the "Company") will be held at 531 Bukit Batok Street 23. Singapore *****7 on Monday. 9453 words
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in the money
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Article, Illustration1797 2002-08-24 10 teh hoi ling - SHOWMETHE MONEY Companies forgo big chunk off market value off shares they issue, existing shareholders suffer dilution or worst, Enronrtis sets in teh hoi ling IN financial year 2001, Datacraft's top executives exercised a total of 7.2 million stock options at a weighted average exercise1,797 words
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Article501 2002-08-24 10 Patrick Peck - By Patrick Peck Theauthorisa vice-president at the Paris-based JCF Group THE flow of upgradings continued into this week. Amid 38 recommendation changes, two out of three stocks were upgraded. In total, upgrades numbered 27 versus 11 downgrades. There were, however, some notable bearish assessments. The Singapore501 words
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Article, Illustration598 2002-08-24 11 Teh Hooi Ling - MONEY TALK Capacity for risks depends on time horizon, financial standing and future expected income By Teh Hooi Ling YOU hear it often. High risk, high return. But how do you decide how much risk you can stomach? There are actually two partsFILE PHOTO - 598 words
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Article, Illustration933 2002-08-24 11 Mortal Stock Portfolio SENTIMENT In the local bourse was cautious despite the Dow breaching the 9,000 mark on Thursday. The STI continued to lag the recovery in the US markets. Since bouncing off its recent low in late July, fte Dow has risen 17.5 per cent, compared933 words
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958 2002-08-24 11 Sebastian Chong - Both auditors and clients would gain fresh perspectives and fresh ways of thinking By Sebastian Chong RECENTLY, we've discussed the importance of not just setting but enforcing financial reporting regulations. I adopted the stance that fine-tuning of existing mechanisms like audit committees and958 words
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Article895 2002-08-24 11 for week beginning Aug 19 Ei Ml Pay <€*) <■» Alexandra SOc F 7 50 ISAug 20-Aug 2Mug Sambawang F 20 22-Aug 27-Aug 06-Sep 8 Semtoawang 15 22-Aug 27-Aug Ot-Sep CB Contract 5c I 0 21 15-Aug 20-Aug 29-Aug CD Contract 5c S 0.21 IS-Aug 20Aug895 words
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Article3445 2002-08-24 10 UNIT TRUSTS FUNDS AM Wo Anet Mgl (S'pore) Star Europe Eqtyl* o 66* Star Europe Bd 1.047/ Star Europe Bal 084V Star Asian Tiger Eqty 0.7* Star Asia Bond 1.24* Star Asia Balanced 0 835/ Star Global Technology Fund!" 0183/ Star Bhv Finance Japan Fund! 0 705/ Star Asa BondftJSO)3,445 words
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Page 11 Advertisements
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Advertisement6 2002-08-24 11 Information provided by DBS VICKERS SECURITIES6 words
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week in review
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Article, Illustration815 2002-08-24 12 For the full stories, visit http:/ business-times.asial.com.sg Dont lose confidence, says PM Aug 19 PRIME Minister Goh Chok has urged Singaporeans to have confidence in their future, saying they should welcome regional competition and see China as an opportunity, not a threat. Singapore must remake itsST FILE PHOTO - 815 words
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Article276 2002-08-24 12 WONG WB KONG Aug 21 S'pore needs to rethink quarterly reporting THE respected London Stock Exchange believes quarterly reporting should not be made mandatory because not all companies and investors are equally well served by it Instead, it should be left to the market to decide. Perhaps276 words
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Article2515 2002-08-24 12 I Transaction date:Aug 23 KUALA LUMPUR M fl» A A M Realty 0.96 04)1 1 Abhc ISO -0.02 38 AGPkvfcatrie 3.16 0.02 23 Advance Synergy .0.48 i«h 111 AffinhokJingi 4-27 unch 87 AhmadZafciRe 3.44 0.02 498 AIC Corp —5.00 i*ich 20 Ajkbeeta 1.18 undi 28 AJCN Technology 5.70 mti2,515 words
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Article670 2002-08-24 12 i Transaction date:Aug'23 B__*!L_9SELJS*25L___J5-_S55_5HP y.. ys. iao *■<»"'» ij» CapMand IB 1.4M -MOO OCK Mi 11 100 Chan SanaCond 2tc VO» 2 S70 -00W OUE OSS C750 -0050 CNy DavSOc 157 UOO «0-0* M 25c 0 J5 OJOO -0MB Crmmtom T 25c 0.JJ 15 :iOC 5GX k OJi 1230670 words
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Article578 2002-08-24 12 BONDS WARRANTS u*t MCaa bm mT **2 ««r- Cmm— Ma ull AST1W*****1 175 1 16 34 1.43 22 Aon. LM W04 1116 15 1 SO 636 457 27 Amte* W*****0 S3 -05 188 1 33 3 151 34 Armorong W*****0 15 1 10 109 3*7 21 8ar6%SA*****1 10k MM 8ar65%J*****01578 words
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food
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Article, Illustration1365 2002-08-24 13 GEOFFREY EU - GEOFFREY EU provides a basic guide to one of the most popular foods GEOFFREY EU AT roughly 5,000 years old, it's an ancient form of manufactured food and remains one of the most popular as well, consumed daily in millions of households around the world tasty, nutritious and1,365 words
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Page 13 Advertisements
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Advertisement706 2002-08-24 13 wine&dine withweekendßT Borders Bistro Do Vlad'a Italian RMtsumit HotStoMS *01-00/K2. WheelockPlaa. TeL 6235 U6O 33 Cuppage Terrace Tel: *****955 StßoatQuay.MeSMSM u Tuas Wat Drive. TeL *****268 Enjoy a sumptuous meal or simply sip a cuppa, a A vast array of Italian specials are on offer. Till Ihis "ffiU-it-yoursetf" restaurant allows706 words
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Page 13 Miscellaneous
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Miscellaneous80 2002-08-24 13 CRYPTIC CROSSWORD 22 Adjusted ill-fitting denture 19 Composing notes in strain 24 Extremety important symbol 20 Funny mineral seen in L. J l I of office minister received mountain pass (7) JIH recited (6) 23 Social European touring 26 Enthusiastically greet a clubs (5) Conservative cal (7) yesterday-s solution 2780 words
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what's in style collections
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Article, Illustration567 2002-08-24 14 CHEAH UI-HOON - A rare auction of more than 2,000 items of Versace jewellery worth up to US$l4 million will take place on Monday. CHEAH UI-HOON takes a look CHEAH UI-HOON ARE high-profile auction sales becoming an annual happening in Asia? There was the auction of Brunei Prince Jefri Bolkiah's assetsPHOTOS BY CHRIS LOH - 567 words
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Article, Illustration761 2002-08-24 14 Chami Jotisalikorn offers a local take on Thai architecture and spas in two new books. Cheah Ui-Hoon gleans some insights THE charms and secrets of Asia are no longer shrouded from the West today, one can argue, given the number of guidebooks, fiction and non-fiction books lining the761 words
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Article, Illustration718 2002-08-24 14 Cheah Ui-Hoon - By Cheah Ui-Hoon THERE are two occasions one notices carpets. When it's of eye-catching, designer calibre, or when it's so loud that you feel like slapping on your sunglasses. However, it looks like carpeting its feel, colours and designs isn't going to remain underfootCHRIS LOH - 718 words
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Article130 2002-08-24 14 DUPONT Antron has set up an Asia-Pacific design award to present a Grand Prize and four Category Prizes in each of four sub-regions: Japan/ Korea, Greater China (China, Hong Kong, Taiwan), South-east Asia (Asean countries) and Australia/New Zealand. The award aims to recognise the most innovative and creative130 words
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art
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Article, Illustration843 2002-08-24 15 Parvathi Nayar - Parvathi Nayar takes a sip of Too Much Flavour and discovers the graphic design sensibilities of some Chinese avant-garde artists Parvathi Nayar DO you think about living in a sensoryoverload world? Then, perhaps, you would find Too Much Flavour an exhibition that's to your taste.843 words
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Article, Illustration356 2002-08-24 15 Cheah Ui-Hoon gets a fresh perspective of the fine arts lecturers of LaSaHe-SIA College of the Arts in their staff annual exhibition PRESUMABLY, the love of our own likenesses is something that fuelled the art of portraiture. But, as the exhibition Portraits Reassessed demonstrates, there's more356 words
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Art beat
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Article140 2002-08-24 15 A weekly roundup of events THIS is your last chance to catch the Rodin exhibition at the Singapore Art Museum, with free admission, no less. Rodin: A Magnificent Obsession Sculpture from the Iris B. Gerald Cantor Foundation ends on Aug 25. Included in this collection140 words
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Article100 2002-08-24 15 PEOPLE in Reflection exposes on canvas the inner-most worlds of several persons, alter egos if you may, to their creator's most confidential thoughts. Artist Chua Koon Beng, 29, is the latest in a series of artists to have their work exhibited at Intermezzo restaurant. He graduated from100 words
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Article141 2002-08-24 15 COLORS from the heARTs is a debut exhibition of newly formed art group, ArtsAlliance, dedicated to promoting the awareness of art while contributing to local charity organisations. In this exhibition, they will showcase 30 contemporary works by artists from six different countries. The adopted charity for141 words
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Article131 2002-08-24 15 CHEAH UI-HOON - Compiled byi CHEAH UI-HOON SCULPTURE Square has organised creative arts workshops for children during the September school holiday. They range from learning about Picasso to using real ostrich eggs. There are also workshops where children can learn how to use recycled materials to create works of art131 words
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Article, Illustration968 2002-08-24 15 Transaction date:Aug 23 ZMTBRBAMS CROSS RATES —fV 18 J 7* S A T *<»: -r-.XS'f-'. 'vf. *m mi MH mm v« m m m* Hm w m tm *mt \ns WH 0445 4500 05B 42* ***** 48J02 0450 6521 2461 LIU ***** ***** 1953 5JC7 0423 *501 22.934 0256968 words
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what's in style
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Article, Illustration1788 2002-08-24 16 CAT ONG - While this year's Singapore Fashion Week saw foreign labels such as Indonesia's Ronald Gaghana and HK's Pacino Wan finding favour with local buyers, the same can't be said of Singapore designers hoping to expand overseas. But all is not lost as CAT ONG discovers CAT ONG IF seven1,788 words
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Page 16 Advertisements
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Advertisement8 2002-08-24 16 I L v EV flk totaww about cheese8 words
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