The Business Times, 31 August 2002

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1 16 The Business Times
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  • Title Section
    Lock icon Masthead
    12 1 THE BUSINESS TIMES weekend SINGAPORE AUGUST 31 SEPTEMBER 1, 2002 Internet: http.//busmess-Bm
    12 words
  • Article
    Lock icon Banks waive first legal charge as they re-price home loans
    880 1  -  Move part of major drive to hang on to existing customers amid price war By Siow Li Sen [SINGAPORE] The loyal bank customer is king, finally. In a surprising move intended to retain customers, banks are now prepared to forgo
    880 words
  • Article
    Lock icon Trading-halt mechanism mooted for SGX
    566 1  -  Exchange releases consultation paper on listing rules Byl Quak Hiang Whai [SINGAPORE] The Singapore Exchange (SGX) yesterday released its consultation paper on proposed listing rule changes, recommending among other things a trading-halt mechanism for the stock market. The proposed changes support recommendations put forward earlier
    566 words
  • Article
    Lock icon Govt frees 19 hotels for other possible uses
    775 1  -  But 29 hotels still subject to restriction; room space also redefined By] Lee Han Shih [SINGAPORE] The govern ment has eased the restriction on hotel conversions to other uses thus freeing 19 hotels, including prime-sit-ed hotels like the Four Seasons, the Regent,
    775 words
  • Article, Illustration
    Lock icon Is Goh Chee Wee deserving of $1.43m package?
    804 1  -  SATURDAY SOAPBOX For the answer, Comfort's major shareholder needs to view group's profit surge in proper perspective christopher tan COMPENSATION packages of CEOs are always good fodder for coffee shoptalk. Forbes magazine recently ran its regular survey of CEO pay, noting that
    804 words
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    • Article, Illustration
      Lock icon Still haunted by double-dip woes, tech downgrades
      618 2  -  MARKET REVIEW r sivanithy am HE softening in the growth of aggregate I demand that emerged this spring has I been prolonged in large measure by weak--X. ness in financial markets and heightened uncertainty related to problems in corporate reporting and governance." This
      618 words
    • Article
      Lock icon MARKETS
      72 2 □sti 1,488.50 (-1.85) ST INDEX FUTURES M83.00 (-10.00) SIMSCI FUTURES 188.20 (-1.80) Fnd»v <1ULngi' KLSKOHIP _7IIJ« *7* MKKHXt'. 9.6I9JM. UM HANO SENli IOM3 *7 17i* SCTINDEX JKLI6 WW JAKARTA (t)MP 444(7 .175 MANILA COW l.liHW i«i TAIPEI WP1 4.7MJM X,S) SBUI10tl*P_ 7H4# .11« SHENZHEN H *4.14* mi 18 AIST
      72 words
    • Article
      Lock icon FINANCE
      67 2 FOREX RATES US* SS rSS(SSprr»'f»| 174* £|VSS/S$pwi|_ IM 1717 R1 UH 17a YEN HO tl fiu RM 1X10 1174 HKS 7 «OU 4461 BAHT 4130 2414 Kl'HAII NNH i.<M» FftlMC RATES SINGAPORE h& KUALA U Mil K «4» IIOMi KOMj MS IAKAKTA aS»WI TAIPEI CS THKVO JTS SHMft. j&5
      67 words
    • Article
      Lock icon Fed can't stop stock market bubbles, says Greenspan
      477 2 US consumer spending surprises with IX rise in July while incomes remain flat AP, Bloomberg, AFP [WASHINGTON] The US Federal Reserve is unable to use interest rates to prevent a bubble in stock prices nor is the central bank capable of reliably
      AP,; Bloomberg,; AFP  -  477 words
    • Article, Illustration
      Lock icon Ex-US envoy made S'pore special adviser
      762 2  -  Steven Green gladly takes on role without charging any fee By] Eugene Low [SINGAPORE] If there is such a thing as a quitterstayer dichotomy, then former US ambassador to Singapore Steven Green must surely fall into the "stayer" category. "I spent almost four years
      762 words
    • Article
      Lock icon The long and the short of health-insurance regulations
      474 2  -  MAS seeks feedback for new regulatory framework By( Genevieve Cua [SINGAPORE] New regulations governing the management and sale of health insurance will seek to distinguish between shortterm and long-term policies, and enforce new disclosure requirements for these policies' "critical" features. The new
      474 words
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  • in the news
    • Article, Illustration
      Lock icon Venture's H1 profit up 35% as turnover hits record
      520 3  -  Earnings growth at the top end off expectations—fuelled by improvements in all business areas Reports by I Serena Ng VENTURE Corp yesterday restored analysts and investors' faith in the company with a 35 per cent jump in earnings to $75 million
      ARTHUR LEE  -  520 words
    • Article
      Lock icon Expensing options has downside: Venture
      325 3 SINGAPORE should consider carefully the country's competitiveness in attracting global talent before deciding if companies should expense stock options. Venture Corp's group managing director Wong Ngit Liong said yesterday. "In our business, it is very important for us to attract good management and global technological
      325 words
    • Article
      Lock icon CityDev profit hit by lower hotel contribution
      328 3  -  By Andrea Tan KWEK Leng Beng's City Developments yesterday reported a 27 per cent fall in interim net profit, citing a fall in contribution from its hotel business. Net profit for the six months ended June fell to $70.7 million from a restated
      328 words
    • Article
      Lock icon Portek beats forecast with $6.5m net profit
      338 3  -  By Beth Jinks SINGAPORE-LISTED port crane leasing company Portek International exceeded its FY2002 prospectus expectations, announcing yesterday a $6.5 million net profit on turnover of $43.3 million. The group, which launched its initial public offer in late March, had forecast a net profit
      338 words
    • Article
      Lock icon SingTel defends overseas investments, share price
      509 3  -  ByJ Angela Tan ANG Kong Hua's first annual general meeting with Singapore Telecom shareholders as non-executive chairman yesterday was eventful, with disgruntled shareholders questioning his directorships and raising concerns about the company's falling share price, payouts and growth strategy. Mr Ang, 58, who is
      509 words
    • Article
      Lock icon CCL to stop selling Proton from Sept 15
      275 3  -  If II continue servicing cars till new dealer is named Byi Christopher Tan CONFIRMING a BT report in July, listed motor group Cycle Carriage Ltd (CCL) announced yesterday that it would stop selling Proton cars from next month. In a brief statement,
      275 words
    • Article, Illustration
      Lock icon Chartered hit by '$1.80 a share' placement talk
      324 3  -  By\ David Boey CHARTERED Semiconductor Manufacturing declined comment yesterday on market talk that it plans a share placement, but said it will face "financing needs from time to time". Chartered, the world's third-largest maker of customised computer chips, also pointed to its
      Source: Bloomberg  -  324 words
    • Article
      Lock icon HLSF gets govt nod for investment banking
      399 3  -  By i Quak Hiang Whai SOME would say it is practically a bank anyway. But Kwek Leng Beng's Hong Leong Singapore Finance is now one step closer to becoming a bank; with its latest licence, it will be the first finance company to
      399 words
    • Article
      Lock icon Commercial use lead DC rate cuts
      719 4  -  New Downtown parcels among areas with biggest chops By Kalpana Rashiwala THE government yesterday cut an average of 7.4 per cent off commercial use development charges payable before a site's usage can be enhanced. For residential land, the cut in DC rates was much
      719 words
    • Article, Illustration
      Lock icon S'pore should study China closely: BG Yeo
      439 4  -  Mainland's growth can bring prosperity to S'pore and SEAsia Reports from Loh Hui Yin in Shanghai WITH tepid economic growth in the developed countries, Singapore would do well to study China closely if it is to benefit from the country's economic growth, said
      LIANHE ZAOBAO  -  439 words
    • Article
      Lock icon EDB wooing high-growth, high-tech China, firms
      290 4 tt wants them to use S'poreas their base for operations abroad THE Economic Development Board, long used to wooing investments from Western economies and Japan, is now targeting a new group of investors: high-tech, highgrowth Chinese companies which can use Singapore as a launch
      290 words
    • Article
      Lock icon SMEs offered $30m a year in fresh funding
      365 4 COME tomorrow, small and medium-sized enterprises will have an additional means of financing thanks to the new Loan Insurance Scheme (LIS) that will make available $30 million a year for five years in its pilot run. A portion of the loans will
      365 words
    • Article
      Lock icon Services the way to enter China, India markets: minister
      377 4  -  By Eugene Low TO penetrate the fast-grow-ing Chinese and Indian markets, Singapore companies will have to work mainly through services rather than manufacturing, said Senior Minister of State for Transport Khaw Boon Wan. "This is not to say that manufacturing will
      377 words
    • Article
      Lock icon Salary ranges still wide: survey
      306 4  -  EYE ON THE ECONOMY By Eugene Low WAGE flexibility in Singapore may be increasing, but implementation of the base-up wage system has been slow. This is because of the deeply-entrenched seniori-ty-based wage system, a National Trades Union Congress study has found. An NTUC survey of
      306 words
    • Article
      Lock icon Global funds halt retreat out of US equities
      529 5 Survey shows managers feel that US stocks may have hit bottom Reuters [LONDON] Global fund managers halted their retreat out of US equities, a Reuters survey yesterday showed. They yanked money out of the euro zone against a backdrop of uncertainty about
      Reuters  -  529 words
    • NOTE BOOK
      • Article
        Lock icon M'sia launches US$420m fund for IT firms
        88 5 Reuters [KUALA LUMPUR] Malaysia yesterday launched a US$42O million fund for debt financing of its information technology companies, including those owned by foreigners. TTie fund, financed by Japan Bank for International Cooperation, is billed as the first in Asia to be aimed at
        Reuters  -  88 words
      • Article
        Lock icon Taipei raises bank rescue fund size
        70 5 Reuters [TAIPEI] Taiwan's finance ministry yesterday said it would propose raising the size of the state rescue fund by about NT$9lO billion (5546.3 billion) to NT$l.O5 trillion to help clean up bad loans in the banking industry. Finance Minister Lee Yung-san told reporters that
        Reuters  -  70 words
      • Article
        Lock icon Cathay to start China flights next year
        100 5 Bloomberg [HONG KONG] Cathay Pacific Airways expects to start flights to the mainland Chinese cities of Beijing, Shanghai and Xiamen in the first quarter of next year to take advantage of the nation's growing travel demand. The carrier has applied to the Hong
        Bloomberg  -  100 words
      • Article
        Lock icon Palm oil payment for Bakun job
        125 5 [KUALA LUMPUR] Bakun hydroelectric dam civil works' consortium leader Sime Darby Bhd may seek the support of four sister companies from Permodalan Nasional Bhd (PNB) in supplying palm oil as part payment to the Chinese partner in the project, the Malaysian Business Times reported
        125 words
      • Article
        Lock icon Evergreen posts NT$377m H1 loss
        126 5 Reuters [TAIPEI] Taiwan's Evergreen Marine Corp yesterday said it made a loss of NT$O.l9 per share in first-half 2002, a swing from a per-share profit of NT$O.l5 in the same 2001 period. Evergreen said first-half net losses amounted to NT$377 million (5519.2 million) against net
        Reuters  -  126 words
      • Article
        Lock icon RHB Capital's Q4 profit up 20%
        73 5 Bloomberg (KUALA LUMPURJ RHB Capital said fourth quarter profit rose 20 per cent as higher non-interest income offset an increase in provisions for bad loans. Net income for the three months ended June 30 rose to RM33.1 million (5515.2 million), or 1.2 sen a
        Bloomberg  -  73 words
    • Article, Illustration
      Lock icon Japan ends 12-rath contraction
      452 5 Strong exports help GDP grow 0.5% in April-June quarter Reuters (TOKYO) Japan's sputter ing economy barely emerged from 12 months of contraction to eke out 0.5 per cent growth in the April-June quarter. While strong exports helped the small growth, a dramatic revision wiped out the
      Reuters  -  452 words
    • Article
      Lock icon Q2 growth pulls HK technically out of recession
      516 5  -  /•Yarn i Audrey Tan in Hong Kong HONG Kong's economy is technically out of a recession. as government figures released yesterday show gross domestic product (GDP) grew 0.5 per cent in the second quarter. But the Q2 figure is low er than
      516 words
    • Article, Illustration
      Lock icon New WTO chief to give 3rd world bigger voice
      564 5  -  Thailand's Supachai set to push developing world's cause at new round of trade talks Chuang Peck Ming [SINGAPORE] Developing nations are likely to get more than a sympathetic hearing from a fellow representative when Thailand's Supachai Panitchpakdi takes over as the
      564 words
    • Article
      Lock icon TV shows in Hong Kong offer jobs as prizes
      333 5 AP j (HONG KOXij| As Horn j Kong grapples with recon j unemployment, two televi sion stations will air show* I that feature p«H>plc coni|X't ing for jobs as prizes. e\ecu tives said yesterda> Asia Television wil! launch U'/n a Job
      AP  -  333 words
    • Article
      Lock icon Universal to proceed with theme park plans: Renong exec
      420 5  -  hYinn Eddie Toh in Kuala Lumpur UNIVERSAL Studios will go ahead with the long awaited plan to develop a mega theme park on Renong Berhad's land at the southern tip of Malaysia, according to a Renong official yesterday. Renong managing director
      420 words
    • Article, Illustration
      Lock icon Ericsson threatens to end tie-up with Sony
      434 6 No more investment unless satisfactory results shown in next two or three quarters Reuters [STOCKHOLM] Swedish telecoms equipment maker Telefon AB LM Ericsson has threatened to pull out of handset-making and end its cooperation with Sony Corp if their barely year-old mobile phone
      Reuters; FILE PHOTO  -  434 words
    • Article
      Lock icon Sun Micro cuts Q1 revenue forecast on poor IT spending
      388 6 Reuters [SAN FRANCISCO] Com puter maker Sun Microsystems on Thursday lowered its forecast for revenues in its fiscal first quarter ending September, saying corporate spending on technology may actually be weakening. "We've not seen any improvement in the current IT
      Reuters  -  388 words
    • Article
      Lock icon Infineon to invest in ailing Thai wafer firm
      262 6 Bloomberg [BANGKOK] Infineon Tech nologies, Europe's second largest chipmaker, and a group of investors will pump US$l.l billion into a debt-laden Thai silicon wafer company, a Thai government official said. Infineon will provide about 16 per cent of the US$3OO million a
      Bloomberg  -  262 words
    • Article
      Lock icon US Q2 brokerage profits fall 29% to US$2b
      355 6 This is the 3rd worst showing in 3 years, says trade group Reuters. Bloomberg (NEW YORK| Profits at US securities firms fell 29 per cent for the second quarter as stocks slumped, an indus try trade group said on Thursday, warning that
      Reuters.; Bloomberg  -  355 words
    • WORL DWATCH
      • Article
        Lock icon WTO clears US$4b EU sanctions against US
        83 6 Reuters (GENEVA) The World Trade Organization yesterday ruled that the European Union could slam sanctions worth a record US$4 billion on US exports in retaliation for illegal tax breaks to US companies. The figure was set by a special panel of trade arbitrators
        Reuters  -  83 words
      • Article
        Lock icon Citigroup to get second subpoena
        84 6 Bloomberg (WASHINGTON) The House Financial Services Committee probing Citigroup's allocations of sought-after initial public offerings said it wants to know how much money World Com Inc executives and directors made from their awards. It plans to serve Citigroup with a second subpoena in a month
        Bloomberg  -  84 words
      • Article
        Lock icon Windows has critical security flaw
        60 6 Bloomberg [REDMOND, Washington) Microsoft Corp said all versions of its Windows operating system released since 19% have a security flaw that may bar users from sending protected e mail and make it harder to use some websites. It called the vulnerability "critical", its most serious
        Bloomberg  -  60 words
      • Article
        Lock icon Citigroup sells New York HQ for US$1b
        37 6 Bloomberg [NEW YORK] Citigroup Inc agreed to sell its New York headquarters to Boston Properties Inc for US$l.O6 billion, taking advantage of investor demand for New York office buildings. Bloomberg
        Bloomberg  -  37 words
      • Article
        Lock icon Nestle won't pay US$12b for Hershey
        67 6 Reuters [ZURICH] Nestle SA chief executive Peter Brabeck dismissed as "fantasy" the idea that US anti-trust officials would allow it to acquire US chocolate maker Hershey Foods. He declined to flatly rule out a bid for Hershey but he told the Wall Street Journal
        Reuters  -  67 words
    • Article
      Lock icon IRS seeks customer data from US firms
      390 7 AOL, airlines, hotels told to surrender records off people suspected off hiding income in offshore bank accounts Bloomberg [WASHINGTON] The Internal Revenue Service of the United States went to court to force more than 40 companies to surrender information on customers it suspects
      Bloomberg  -  390 words
    • Article, Illustration
      Lock icon Probe focus shifts to Global Crossing chief
      403 7 House panel says Winnick may have helped swap deals NYT [NEW YORK] Gary Winnick, the billionaire chairman and founder of Global Crossing, may have helped oversee the company's aggressive use of swapping communications capacity on its fibre optic network with other companies, according
      NYT; BLOOMBERG  -  403 words
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      Lock icon Page 4 Advertisements Column 1
      1080 4 Notices J A POPULAR HOLDINGS LIMITED (Incorporated In Singapore) Notke of Amnml General Meeting S"\llc*i!!LSL W ("Wl»i be held at 20 Old lob hich Road Smgopore *****5 a* Mondoy, 30 September 2002 at 3.00 pm lor the following purpose AS ORDINARY BUSINESS 1. lo receive and odopt the Directors' Report
      1,080 words
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      Lock icon Page 4 Advertisements Column 2
      398 4 THE COMPANIES ACT, CAP. 50 ORANGETEETECHNOLOGY PTE LTD (In Voluntary Liquidation I Al an Entraotdinary (ieneral Marling of the members of Ihc jbot enjmed company duly convened and held J3 Mohamcd Sullan Kind. #03-03. Singapore *****7 on ihc 10th day of August. 2002 al 11.00 a.m.. ihc Special Resolution set
      398 words
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  • Article
    Lock icon STOCKS ASIA
    5841 6 Transaction date:Aug3o for more, (jo to wwwjasiaonenmarketsx'om HONG KONG Vol IMS W- 000 Alpha General 0.02 unch 1280 Ananda Wing On 0.03 unch ***** Angang New Steel H 0.99 0 01 2480 Anhui Conch H_ 2.30 010 632 Anhtu Expressway H 170 001 596 Arcontech Corp 0.49 0.02
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  • Article
    Lock icon SGX MAINBOARD
    6056 7 1 Transaction date:Aug 30 for live prices, log on to uww .asiaoriemarketsxxmi 52-Wk Last Vol Day LWQmou GrfHv On GrYld MM MCaa WtAvg Hijfc lour Ciw>«ii| Salt (HOP) L—r S«fcr Cw Wl $3 W» ABNAmroNIG S6< 9 >12 3.4 1416 20.5 85 c ACE Dynamtcs20c 11.5 U S
    6,056 words
  • Article
    Lock icon SGX XTRANET
    53 7 Om, LMQwt* GiOkr cm GrYM MM MCjf WUW( "»t— tiim Mt w- raw i— cv wt 13 103» 7770 Diamonds US8960 MOO 3230 s ISOJUSTcdt imwui 575 440 s KMSOSporc -U5555 "MO <*n rssAPsoo U5MSM ***** 1330 s SKM5 USHOOtd- 1480 < sn FIT 100 1525 »5 2
    53 words
  • Article
    Lock icon SGX SESDAQ
    1607 7 L«« On UOQMl GrtM* Ohr 6fVW MM MCaa WtAef U» Cl1M| Sale W- CWI U» Sdfcr Cw HI |5 wg 225 12 < 13 «05 4 13 13 13 IS 251 13 245 12 t APfXSc 195cd *15 185 20 195 19.5 20 5 115 13 SI 17.1
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  • Article
    Lock icon CLOB INTERNATIONAL
    378 7 U-M left M Ml Last Qaott GrOw W* GrYM MM MCas Wfk I— C LSafr ♦I HI u» %mfm i+m Cut HI W IIS K AVJen«ngiA2Sc A 94 -0 5 14 94 5 94 93 94 40 3.4 10.6 S3 2023 Cathay Pac 20c HK 720 265 2.1
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  • in focus
    • Article, Illustration
      Lock icon A to Z of CPF financing
      1342 8  -  QUAK HIANG WHAI A Asset-rich, cash-poor. The main reason for the CPF housing changes. Most CPF members will have a property to call their own at retirement, but some could be short of cash because too much of their CPF savings went to buy
      1,342 words
    • Article
      Lock icon What the banks say
      1137 8 Bankers always say borrowers should look not only at pricing but also at service. So BT invited them to explain, briefly, why they think their home loan package is the best This is what they have to say. And you, the reader, can be the judge.
      1,137 words
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  • what's in style motoring
    • Article, Illustration
      Lock icon Basic Instinct
      739 9  -  The 2.1-litre X-Type may be a front-wheel-drive that doesn't quite purr, but CHRISTOPHER TAN says the Jaguar hasn't changed all its spots CHRISTOPHER TAN JAGUARS possess a lethal mix of predatory power, seething sensuality, and undeniable animal magnetism. They're elegant, charismatic, and exotic. One could say the same
      FILE PHOTO  -  739 words
    • Article, Illustration
      Lock icon Who moved my cheese?
      742 9  -  BMWs rivals need to improve faster and more drastically to catch up with its 3-series Byi Christopher Tan THE Jaguar X-Type may be a new car in a relatively new segment, but it is not short of rivals. Audi's A 4 is a modern, wellequipped alternative.
      FILE PHOTOS  -  742 words
    • BRAVE NEW WHIRL
      • Article, Illustration
        Lock icon Licence to sprint
        133 9 TOWKAYracers may be interested to know Mercedes-AMG has just launched supercharged V 8 variants of the E, S and CL classes, with output as high as 500 horses and Formula One-style steering-mounted transmission controls. The 5.5-litre cars produce peak torque of7oo newton-metre, enabling the E55 AMG to
        133 words
      • Article
        Lock icon A more pocket-friendly 7-series?
        91 9 IF you really like the BMW 7-series more and more people seem to be warming to the idea but wish it could be priced lower, sit tight. BMW may just introduce a 730 i, a straight-six positioned well below the $330,000 3.6-litre V 8 735 i
        91 words
      • Article
        Lock icon Cutback in X-Type production
        107 9 FORD Motor's Jaguar unit will produce 15 per cent fewer X-Types than it planned this year because of slowing demand in the US and Europe, Bloomberg reported. Jaguar is reducing production at the Halewood factory in Liverpool, England, where its smallest model is built, according to
        107 words
      • Article
        Lock icon Last Rolls-Royce exits Crewe plant
        91 9 THE last Crewe-built Rolls-Royce has rolled off the production line at the factory which has been the home of Rolls-Royce and Bentley Motor Cars since 1946. It will remain the property of the plant. The unique two-door, silver Rolls-Royce Corniche has a specially designed interior
        91 words
      • Article
        Lock icon Get wired by Toyota
        128 9 TOYOTA Motor has unveiled a secondgeneration car Internet network that offers a wide range of interactive services from downloading music and playing games to e-mail and e-commerce. Reuters said the new network, called G-Book, has advanced in leaps and bounds from its current service, Monet, which
        128 words
      • Article
        Lock icon Bom in the USA
        114 9 DAIMLERCHRYSLER will build its new Grand Sport Tourer (GST) at the Tuscaloosa plant in the US, with the production and market launch set for end-2004. DaimlerChrysler said in a statement that it would spend US$6OO million to expand the production area at the plant in Alabama,
        114 words
      • Article, Illustration
        Lock icon Mini Cooper S going placet
        111 9 THE new Mini will grace two hip and exciting events. The Cooper S will be the pace car at Singapore's first 24-hour endurance kart race at Sentosa on Sept 7-8. Flagging off at 3pm, the race will feature 50 teams from around the world, including
        111 words
      • Article
        Lock icon See Australia on wheels
        115 9 CAR adventure company Wheels For Fun is organising two fly-drive holidays to Australia during the November-December school holidays. For $2,338 per adult (twin-sharing) and $1,788 per child (two to 12 years old, sharing with two adults), participants will get to discover Australia on an Adelaide-Melbourne-Adelaide round
        115 words
      • Article
        Lock icon Leaving mark in speed test
        95 9  -  Compiled by CHRISTOPHER TAN TYRE maker Yokohama Rubber says a Kleemann ESSK —a drastically-tuned Mercedes E-class AMG fitted with its AVS Sport tyres attained 338 kmh during a test run this week. The speed, recorded on a proving ground just outside Papenburg, Germany, is the
        95 words
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  • in the money
    • Article, Illustration
      Lock icon Correlation is key to reducing risks
      1199 10  -  Your best bet lies in investing in maiicets with low or negative correlation. In terms of diversification benefits, Dow Jones stocks have an edge over KLCI, Hang Seng and Nikkei teh hooi ling LOW international correlation across markets is the root of global portfolio
      1,199 words
    • Article
      Lock icon Datacraft gets four downgrades
      500 10  -  By\ Patrick Peck The author is a vice-president at the Paris-based JCF Group THE number of recommendation changes increased this week as interim results flocked in. Of the 45 opinion changes, 24 were upgrades with 21 downgrades. An investigation by the Commercial Affairs Department and flat
      500 words
    • Article
      Lock icon Budgeting is the first step in financial plan
      814 11  -  MONEY TALK Byl Teh Hooi Ling OK, you have identified your financial goals. For example, pay off your mortgage in the next 15 years, save $300,000 for your children's university education, retire by the age of 60 with $2 million of assets
      814 words
    • Article, Illustration
      Lock icon DBS Vickers Securities
      925 11 IT was not the easiest week for global equities investors as Waß Street's volatility knocked the wind out of markets. The STI lost 2.8 per cent, white our DBSV model portfolio underperformed the index and feW 3.5 per cent However, our portfolio is up 9.2 per cent,
      925 words
    • Article
      Lock icon Needed: a quasi-govt body that audit auditors
      429 11  -  INVESTOR EDUCATION By\ Sebastian Chong The writer is associate professor in finance and accounting, NUS Business School, and a committee member of Securities Investment Association (Singapore). The article expresses his personal views. IN the two preceding articles, we discussed the benefits of rotating
      429 words
    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      1118 11 for week beginning Aug 26 Peywwrt b Beaks Pay (m) daae *au Airocaan Grp 5c b 0.15 10-Sap l3Sep 03-0ct AvapiaaSc F 0J0 06-Sep 11-Sep 25-Sep Sembawang F 20 22-Aug 27-Aog 06-Sep ISembawang 15 22-Aug 27-Aug 06-Scp Chevalier 20c F 1 30-Aug 0* Sep 13-Scp Comfort
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  • Article
    Lock icon UNIT TRUSTS & FUNDS
    3916 10 UNIT TRUSTS FUNDS MN Amro tad Mgt (S pore) Star Europe Eqty'" 0631/ Star Europe Bd 1 05» Star Europe Bal 0 827/ Star Asian Tiger Eqty 0.70V Star Asia Bond 1267/ Star Asia Balanced 0 832/ Star Global Technology Fund!** 0 16& Star Bhv Finance iapan Fund!** 0 68V
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  • week in review
    • Article, Illustration
      Lock icon Top stories this week
      885 12 For the full stories, visit http://business-times.asial.com.sg GLCs have the muscle to build external win&DPM Aug 29 IN a thorough and robust defence of governmentlinked companies, Deputy Prime Minister Lee Hsien Loong told Parliament on Wednesday that GLCs have a key role to play in the economy
      ST FILE PHOTO  -  885 words
    • Article
      Lock icon What we said
      255 12 LEEHANSHIH Aug 29 Growing the non-GLC private sector THE key issue regarding government-linked companies is neither efficiency nor core competence, but whether the existence of GLCs prevents the growth of private-sector enterprises. To allow the private sector to grow, the playing field has to be level. But
      255 words
  • Article
    Lock icon KLSE
    2174 12 I Transaction date:Aug 30 KUALA LUMPUR M r— *4M»rttv 9f7 003 49 Abnc .144 «01 26 •0>toduan»* lit i**t> 12 4<J«arx*5«rwrgy 048 0 02 AWnMcuaui— 02* i«h 3 MmadZtkiRH 122 002 16 AJCCorp *.82 0M 17 «itijw Aft. 113 001 62 AKN Tactwaetogy 555 «10 1* *)i*nnwn(0ofM*ria 1.24 inti
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  • Article
    Lock icon SGX
    605 12 Transaction date:Aug 30 S* °*J SS 037 ,7W CaprtiUnd 1.J4 1450 -04)10 OOC HO tOJOO ChBttortOond* 0*2 2100 -01» OUE 0.57 MOO *0.050 g2£Stbc in ?f2n SUr*" 2 035 fc7W <>m 07 2 14.300 -0200 SGX It 090 1220 *0.030 MS®* 11.H 11.900 SASOc U7 11 COO *0100 2ES
    605 words
  • Article
    Lock icon BONDS & WARRANTS
    633 12 BONDS WARRANTS Praa Expiry lat MCm> Eur Dfcc Mh ">» Cmm** MM 6wrfc« u» ASH MTO***** 17-5 1 16 60 liO 22 Aorta UdMAM1116 15 1 SO 692 433 27 AmtekW*****0 15 330 1 33 4 1 30 34 Armstrong W040S20 1 -05 12 1 10 100 5.50 21 Bar6*SA*****1
    633 words
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  • what's in style food
    • Article, Illustration
      Lock icon Chocolate at its best
      1119 13  -  GEOFFREY EU comes back from chocolate tasting at the Ritz-Carlton festival, wondering what's life without chocolate GEOFFREY EU THERE is something deliciously decadent about sitting in a luxury hotel room engaging your senses in sniffing, sipping and savouring various forms of gourmet chocolate while simultaneously entertaining
      1,119 words
  • Page 13 Advertisements
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      465 13 wine&dine with weekendßT DOC□ OrS Bistro UOl-00/K2, Wheelock Place. TeL*****460 Enjoy a sumptuous meal or simply sip a cuppa, a glass of wine or their large varieties of beers a! fresco style. Their menu also includes variety of pizzas, pastas and cheesecakes of different flavours. Till Sept 30, enjoy Coca-Cola
      465 words
    • Advertisement
      Lock icon Page 13 Advertisements Column 2
      210 13 Clark Quay) TeL*****383/*****590. Check out its Charcoal BBQ Combination (non-spicy) at $38.00—a combination offish, squid, chicken, satay that's ideal for three to four persons. The Twin Combination comes In four varieties, priced from $24.00 to $28.00 and just nice for two persons. 10 Coleman Street. Tib *****543 Ala carte buffet
      210 words
    • Advertisement
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      198 13 $22.80+++ and $34.80+++ respectively. UXTOfQ rfOCM 218 Queen Street. TeL *****119 Try Skylight Cafe's weekly lunch special of tehyaki chicken or katsudon with rice. Only $5.50 nett. *03-14 Tanghn Mali Tel: *****618 Raffles City Level 3 Tel *****488 J Savour a wide spread of traditional Thai delicacies. Till Oct 15.
      198 words
  • Page 13 Miscellaneous
    • Miscellaneous
      Lock icon Page 13 Miscellaneous Column 1
      138 13 CBYPTIC CROSSWORD ACROSS 2 Fence Les a crim nal He s got his caught what's bowled (5) YESTERDAY'S SOLUTION 28 As part of the daily grind, one Across: 1 Pop Festival, 9 Bits, took a turn in the water (9) 10 Diet of worms, 11 Vera, 14 At tv t
      138 words
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  • what's in style people/collections
    • Article, Illustration
      Lock icon Naturally yours
      664 14  -  PARVATHINAYAR visits Dr Hauschka's dedicated counter in the Tangs Beauty Hall to find out the philosophy behind the cult cosmetic PARVATHI NAYAR SOUNDS more like heavy-duty prescription drug than fluffy face product? Be assured, Dr Hauschka is seriously cult cosmetic, what with ce-lebrity-use endorsement Julia Roberts, Brad Pitt,
      664 words
    • Article, Illustration
      Lock icon HOLDING COURT TO COSMETICS
      362 14  -  By Parvathi Nayar CAROLINE Kan, managing director of Optimal Corporation, is wellknown for her Healthy Planet stores, but her interest in the healthy lifestyle started much earlier. In her early 40s, Ms Kan belongs to a generation of Singaporeans who studied abroad and developed an interest
      ARTHUR LEE  -  362 words
    • Article
      Lock icon Holistic skincare tips
      185 14 CLAUDIA BEZOLD-FERRARI is a trained aesthetician who runs her own salon in Munich. In Singapore for the Tangs launch and to train therapists in the Dr Hauschka way, she offers tips on how to help skin functions be natural. Tlw morning ritual: Take five minutes of real,
      185 words
    • WATCH THIS
      • Article, Illustration
        Lock icon Zodiac debut here in October
        152 14 ZODIAC may have started out as a Swiss brand founded in 1882 in a little canton. But it can trace its history all the way back to the early 19th Century when the founder's fanner ancestors discovered they also had a knack for making pretty
        152 words
      • Article, Illustration
        Lock icon Trendy collections from Leonard
        134 14 LEONARD wants unabashedly to be a trendy brand with timepieces that are seen as desirable fashion accessories. And the latest models from its Sphere and Screen collections appear to reinforce that image. Watches from the first collection have a round case, while the latter one is
        134 words
      • Article, Illustration
        Lock icon Brewing set water resistance record
        134 14 FIRST, it gave you a watch with a transmitter that sends out distress signals. Now it's got a watch you can accidentally drop into the ocean and still retrieve intact if you can find it. Breitling's latest professional dive watch, the Avenger Seawolf, claims to
        134 words
    • Article, Illustration
      Lock icon They don't belong in home kitchen
      914 14  -  By\ Geoffrey Eu IT MAY not be high on anybody's list of culinary conundrums, but in a city where it is possible to eat an expertly prepared meal in an impressive number of casually chic dining rooms, there is a puzzling and slightly troubling
      CHRIS LOH  -  914 words
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  • art
    • Article, Illustration
      Lock icon Moving on, with passion
      996 15  -  PARVATHINAYAR pays tribute to Brother Joseph McNally, whose contributions leave a tremendous legacy in the local arts scene PARVATHI NAYAR > ETTER pass boldI ly into that other V H W world, in the full glory of some pas- sion," says James I M Joyce in
      996 words
    • Art beat
      • Article
        Lock icon Leung's solo show
        151 15 A weekly roundup of events As Colourful As Ink is contemporary ink artist Leung Kui Ting's second solo exhibition in Singapore since 1985. A key artist of his generation, Leung's works are collected by museums and important private collectors worldwide. The works at this exhibition ranges from
        151 words
      • Article
        Lock icon Asia's vanishing images
        162 15 THIS exhibition is an attempt by two Australian artists to capture images of Asia which they see as slowly vanishing. Photographer Anthony Anderton collaborates with painter Glenys Flynn-O'Neill. Anderton left the corporate life, when his wife accepted a diplomatic posting to Singapore, to take up writing and
        162 words
      • Article
        Lock icon State of the art
        88 15 A STATISTICAL analysis by the National Arts Council shows that the visual arts here are doing well. There were about 500 exhibitions last year, and more of them were exhibitions by local artists. Commercial galleries were the main organisers of visual art exhibitions. The government has
        88 words
      • Article
        Lock icon A show for stock-taking
        108 15  -  Compiled by CHEAH UI-HOON WHAT happens after graduating from art school? Can artists still practise their art amid demanding jobs, and still be cutting-edge and commercial? Veteran artist April Ng Kiow Ngor, who lectures in print making at the Nanyang Academy of Fine Arts, is aware
        108 words
    • Article, Illustration
      Lock icon Hot capsicums, anyone?
      478 15  -  By( Cheah Ui-Hoon WHAT does an artist do when he wants to "move on" to new directions in his work? One way is to put up a memorable exhibition to recap his works of the last 10 years. Capped yes. it carries more than one connotation when
      478 words
  • Article, Illustration
    Lock icon FINANCE
    1148 15 Transaction date: A tig 30 DfTERBAlfK CROSS RATES A$ CS Bmb Euro HKS Ind Bs Bupian Yen Won BW HZS Pat Bs Peso S$ Band Sfr WT$ Baht Pound USS Australia 0.862 4.593 0.5*2 4.317 26.845 49.036 0.653 6.652 2.103 1.176 32.833 28.704 0 968 5.880 0 826 18
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