The Business Times, 12 October 2002
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2002-10-12
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The Business Times
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Title Section12 2002-10-12 1 MIIA(K) 010/03/2002 85c THE BUSINESS TIMES weekend SINGAPORE OCTOBER 12 13. 200212 words
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353 2002-10-12 1 Cheah Ui-hoon - 3.7% 'shock' may be due to analysts' too-high forecasts Byi Cheah Ui-hoon [SINGAPORE] Deputy Prime Minister Lee Hsien Loong yesterday said that the public shouldn't over-re-act to the lower-than-expec-ted third-quarter economic growth results, and suggested that the "shock" could have been because353 words
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Article, Illustration732 2002-10-12 1 lee han shih - SATURDAY SOAPBOX A nation full of Yue Feis and Hang Tuahs is unlikely to prosper or even survive lee han shih LAST week, the Chinese community here made another attempt to put the legendary warrior Yue Fei into school text books.732 words
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Article, Illustration848 2002-10-12 1 Catherine Ong Conrad Raj - Purchase of 11% stake making tycoon second biggest shareholder—sparks speculation he is expecting a bidding war Byt Catherine Ong Conrad Raj [SINGAPORE] In a surprise move, businessman Oei Hong Leong, who has a reputation for being an asset trader, has848 words
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Page 1 Advertisements
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Advertisement40 2002-10-12 1 m, BO J disappoints; business lobbies out to topple Koizumi, W NEXT PAGE CEO Is a million! too little m too much? |CTib M IN FOCUS, PAGE 4 Manufacturing sector has some aces to see it through slump, Next Page40 words
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Advertisement31 2002-10-12 1 CORPORATE NEWS 7 Chartered Semicon directors took up rights. PAGE 3 In which area of IT is Afghanistan ahead of S'pore? Lee Han Shih supplies the answer in BizlT on Monday31 words
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Advertisement78 2002-10-12 1 RnßwHAti^ im 'N STYLE The changing face of the corporate ■HlBfll office. PAGE 20 t .^L\ •iX Heritage chronograph in 18 carat yellow gold Self winding column wheel chronograph /V movement Subdial for the seconds and date calendar at 6 o clock 30 minute and 12-hour V- totalizers Silvered gold78 words
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Advertisement20 2002-10-12 1 ■I NEWS KepLand selling Capital Square? ■■■■■I NEXT PAGE Oei Hong Leong comes full circle, Pg 15 11l 8 *****420 words
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next page
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Article, Illustration617 2002-10-12 2 r sivanithy - MARKET REVIEW r sivanithy THE Straits Times Index finished the week with a 16.34-point gain at 1,373.69 yesterday. But frankly, it was an ending best described as a whimper rather than a bang—a sub-optimal 298 million units worth $269.5 million617 words
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Article74 2002-10-12 2 Dsn 1,373.69 (+16.34) ST INDEX FUTURES 1,375.00 (+15.00) SIMSCI FUTURES 170JL0 (+2.30) Friday Change KLSECOMP 637.78 +164 NIKKEI 225 *****1 +8999 HANG SENG 8.***** +***** SET INDEX 380.4! -3.34 JAKARTA COMP .***** 8.02 MANILA COMP .1.072.19 +890 TAIPEI WPI 3.***** 9757 SEOUL COMP ***** +3.47 SHENZHEN B 216.17 -08574 words
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Article69 2002-10-12 2 FOREX RATES US$ S$ l'S$ (S$ per US$) 1793 £(l'S$/S$ per 1.364 1803 EUROfl'SJ/SS/E). 0.987 1.770 YEN 124.0 6920 RM 3.800 2.120 HKS 7.800 4.351 BAHT 43 89 2448 RliPIAH 9.008 5,026 PRIME RATES SINGAPORE* 5.25 KUALA LUMPUR 640 HONGKONG 5)25 JAKARTA 39.00 TAIPEI Ma TOKYO 1,375 SEOUL 95569 words
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Article, Illustration517 2002-10-12 2 Kalpana Rashiwala - EXCLUSIVE Sources say sale may include asset securitisation involving German insurer Eigo By] Kalpana Rashiwala [SINGAPORE] Keppel Land and Dutch property fund group Rodamco are negotiating to offload their stakes in Capital Square office building in a sale that may involve anARTHUR LEE - 517 words
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582 2002-10-12 2 Eugene Low, Eddie Toh - DrM wants to backdate revised price of water Froml Eugene Low, Eddie Toh in Kuala Lumpur MAXIMA says it wants to discontinue the package approach to resolving the outstanding bilateral issues between the two countries. This was stated in a letter582 words
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570 2002-10-12 2 Anthony Rowley - Business lobbies out to topple Koizumi, Takenaka: analyst From. Anthony Rowley in Tokyo THE Bank of Japan (BOJ) yesterday dodged any new action that would prevent what financial markets fear is an imminent financial crisis, appearing reluctant to move ahead of a Cabinet plan570 words
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Article77 2002-10-12 2 Correction clarification IN Thursday's report "Flextech sets up firm with partner in India", the amount that Flextech Holdings paid for the 550,000 shares in Hong Kong-incorporated Electec (China) was a nominal sum, not HK5550,000. We are sorry for the error. Also, the group clarified that its stake in Decibels-FE Electronics77 words
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440 2002-10-12 2 Eugene Low - S'pore weH-posrtk>ned to tap growth in burgeoning Asia By] Eugene Low [SINGAPORE) The economic recovery might still be tentative, but Singapore has several competitive advantages that can help the manufacturing sector weather the storm, Prime Minister Goh Chok Tong440 words
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Page 3 Advertisements
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Advertisement193 2002-10-12 3 sound, vision, sou! Proud to be the Exclusive PLASMA Display Partner of Esplanade. C C C C 6 6 All photographs courtesy o» The Esplanade Co Ltd Photographer Eupn Go* Congratulations Singapore! On the opening of Esplanade Theatres on the Bay. This is a milestone for Singapore. It's an auspicious193 words
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in focus
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Article, Illustration1326 2002-10-12 4 WONG WEI KONG - Chief executives at Singapore companies may be the second highest paid in Asia, but shareholders are often none the wiser as to why this is so. WONG WEI KONG suggests some ways to improve transparency WONG WEI KONG IS a million too little or too much? CEOMIEL/ST - 1,326 words
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Page 4 Advertisements
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Advertisement1978 2002-10-12 4 ft call toll-free 1800 399 <822 E—ll recreiftph.coi.su IN THE MATTER OF THE COMPANIES ACT. CAP 50 AND IN THE MATTER OF OA U INTERNATIONAL INVESTMENTS PTE LTD (In Members' Voluntary Liquidation) NOTICE OF SPECIAL RESOLUTIONS At an Ejdraordnary General Meetng d the Membera ol fa Company duly convened and1,978 words
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Advertisement530 2002-10-12 4 IN THE MATTER OF THE COMPANIES ACT (CAP. 50) AND IN THE MATTER OF GOLDEN GRACE SHIPPING PTE LTD (In Members' Voluntary Liquidation) NOTICE Of FINAL MEETING NOTICE IS HEREBY GIVEN thai pursuant lo Section 308 of the Companies Act, Cap 50, a Final Meeting of members of the abovenamed530 words
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Page 5 Advertisements
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Advertisement409 2002-10-12 5 NOTICE TO CLOSE REGISTER OF LOAN STOCK HOLDERS $22,000,000 PRINCIPAL AMOUNT OF 2.25% UNSECURED LOAN STOCK DUE 2002 Pursuant to the terms of issue of the $22,000,000 Principal Amount of 2.25% Unsecured Loan Stock Due 2002 ("Loan Stock 2002"), the interest on the Loan Stock 2002 will be paid on409 words
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in the news
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496 2002-10-12 5 Catherine Ong - Directors have to inform the company within two working days of Oct 10 of changes in their shareholdings By Catherine Ong SEVEN of Chartered Semiconductor's 14 directors have supported the company's ill-timed rights issue even though they don't have a fiduciary duty496 words
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399 2002-10-12 5 Andrea Tan - K says counters can fall another 20% to meet its target fair yield off 6.5% for the office sector By, Andrea Tan PROPERTY stocks will have to fall another 20 per cent to reach Goldman Sach's acceptable yields of €.5 per cent for399 words
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357 2002-10-12 5 Vince Chong - He now has till Oct 31 to pare stake under waiver By' Vince Chong SERIAL System chairman and chief executive Derek Goh has been granted an extension of almost three weeks by the Securities Industry Council (SIC) to sell down357 words
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Article, Illustration572 2002-10-12 5 They expect profit of $304.5 m and a 20% drop in ad revenue Reuters ASIA'S largest listed newspaper company, Singapore Press Holdings (SPH), is expected to post lower fullyear 2002 profits as a weak local economy takes its toll onReuters; FILE PHOTO - 572 words
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252 2002-10-12 5 Wong Wei Kong - By Wong Wei Kong maybank said yesterday it will offer Singapore's lowest credit card balance interest rate 4.68 per cent from Monday, Oct 14. Existing and new Maybank card members who transfer outstanding balances to Maybank from other banks' credit cards or personal252 words
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Article, Illustration427 2002-10-12 5 Vince Chong - EXCLUSIVE Owner UOB may either sell the site or redevelop it: sources By Vince Chong THE Meritus Negara Hotel is set to make way for a residential development, sources said, since it, along with 18 other hotels, need not stick to the hospitalityFILE PHOTO - 427 words
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IN BRIEF
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101 2002-10-12 6 i /viwain snacK-iooa maxer want want Holdings has invested US$2.5 million in a new wholly-owned subsidiary Tongchuan Rimalt Foods Ltd in Tongchuan county, Shanxi province, China. The latter has a registered capital of US$1.75 million and is involved in food products such as101 words
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126 2002-10-12 6 A PROFIT guarantee attached to Strike Engineering's earlier 51 per cent acquisition of Hong Kong-based Gordon Designer and Engineer Ltd has enabled Strike to pay less than the agreed price. As a result of invoking conditions held by the guarantee, the mainboard-listed firm126 words
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60 2002-10-12 6 MOBILE communications operator StarHub Pte Ltd has joined its two rival telecoms operators in offering multimedia messaging service, or MMS. From today, it will offer the service which allows users to send and receive photos, sounds, and other messages between mobile phones over existing networks. StarHub60 words
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55 2002-10-12 6 UNITED Overseas Bank Group (UOB) has boosted its interests in subsidiary Far Eastern Bank (FEB), with the latest addition of400,042 shares raising its total stake by 0.4 per cent to 76.85 per cent. UOB has, for many years, tried unsuccessfully to take full55 words
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68 2002-10-12 6 TREK 2000 International yesterday said it was unaware of the reasons behind the substantial fall in its share price and dismissed rumours that it was considering a share placement. Rumours of the placement prompted a selloffofthe stock which lost nearly a quarter at68 words
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Article20 2002-10-12 6 AMARA Holdings said Peter TJio Hock Kian resigned as group financial controller with effect from yesterday.20 words
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Article, Illustration351 2002-10-12 6 Loh Hui Yin - It gave no reasons for cancelling the venture with Euro-Asia Agri Byl Loh Hui Yin FRUIT and vegetable wholesaler FHKT Holdings and its partner, Euro-Asia Agricultural (Holdings), which is controlled by controversial Chinese entrepreneur Yang Bin who is under house arrest, have scrapped plans351 words
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211 2002-10-12 6 DBS Bank, financial advisers to the independent directors of listed Berger International, has recommended that minority shareholders of the group accept the offer of Asian Paints made early last month, adding that the independent directors have concurred with this view. Shares of loss-making paint211 words
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320 2002-10-12 6 XPRESS Holdings the former Internet play i-One.Net has narrowed its losses, thanks to its exiting the Internet kiosk and multimedia business as well as costcutting moves. Releasing its latest financial results, Xpress said it lost $13.43 million for the year ended July 31, 2002,320 words
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316 2002-10-12 6 Tang Weng Fai - But no indicative price range given for sale of stake By Tang Weng Fai SIGNALLING the next round of plans to dispose of its stake in to-be-listed mobile operator Mobile One (Ml), Keppel Telecommunications Transportation (Keppel T&T) yesterday filed a note to316 words
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366 2002-10-12 6 Andrea Tan - EYE ON THE ECONOMY By* Andrea Tan THE construction industry is bracing itself for an even longer spell in the doldrums after the lower than-expected estimated Q3 GDP figures. Official flash estimates earlier this week indicated Singapore's economy grew just 3.7 per cent366 words
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330 2002-10-12 6 Alan Shaw - MAILBAG Alan Shaw Executive vice-president Head, risk management and regulation Singapore Exchange WE refer to the Hock Lock Siew article "Back-door listings need more transparency" (BT, Oct 8) by Wong Wei Kong. We disagree with the assertions that the requirements for a back-door330 words
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Article, Illustration516 2002-10-12 7 State-ordered consolidation may lead to flagship carrier Air China listing overseas AP [HONG KONG] China's biggest airlines announced sweeping mergers yesterday that lay the groundwork for Air China, the country's flagship international carrier, to list on overseas stock markets. The mergers of nineAP; REUTERS - 516 words
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186 2002-10-12 7 Reuters [BEIJING] China and the Philippines are ready to sign a currency swap agreement, Chinese Vice-Pre-mier Wen Jiabao said yesterday, in the latest move to protect regional economies against financial crises. "We have already concluded talks with the PhUippines and anReuters - 186 words
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164 2002-10-12 7 tt will pay HKs624m for as much as 10% of its shares Bloomberg [HONG KONG] SCMP Group Ltd, which publishes Hong Kong's South China Morning Post newspaper, said shareholders approved its plan to buy back as much as 10 per cent of its shares forBloomberg - 164 words
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826 2002-10-12 7 Shoeb Kagda - EXCLUSIVE It faces dissension from subsidiary, hike in production costs From Shoeb Kagda in Jakarta FACING dissension from one of its subsidiaries as well as rising costs of production, PT Semen Gresik, Indonesia's largest cement maker, is bracing for tough826 words
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311 2002-10-12 7 Al Labita - From. Al Labita in Manila FOOD and beverage giant San Miguel Corp (SMC) is embarking on a US$l4O million project in Australia as part of its expansion in Asia-Pacific. The move calls for the setting up of two 250-tonne glass311 words
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197 2002-10-12 7 Bloomberg [HONG KONG] China Telecom Corp and its shareholders plan to sell as much as US$3.6B billion of stock in what would be Asia's biggest share offer this year, bankers involved in the sale said. China's biggest phone company has setBloomberg - 197 words
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IN BRIEF
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78 2002-10-12 7 Bloomberg I JAKARTA] Indonesia plana to start selling debt that matures in as long as five years, part of an effort to plug its US$4«5 billion budget deficit and comply with a pledge to the IMF. Indonesia, which now sells one-andthree-month central bank bills,Bloomberg - 78 words
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61 2002-10-12 7 Bloomberg [SHANGHAI] China's insurance regulator said all insurers must have at least 200 million yuan (5543.1 million) of capital to set up a reinsurance company in China. Hie China Insurance Regulatory Commission said that companies reinsuring either life or property must have 200 millionBloomberg - 61 words
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Article72 2002-10-12 7 Reuters [BANGKOK] State-owned Airports of Thailand pic (AOT) will delay a planned IPO until next year due to unfavourable market conditions, Merrill Lynch Phatra Securities, its financial adviser, said yesterday. Merrill CEO Suvit Mapaisansin said the delay in privatisations of some state enterprises forced hisReuters - 72 words
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62 2002-10-12 7 Reuters [SHANGHAI] Shanghai Gold Exchange, China's first gold exchange, is expected to begin formal trade this month after repeated delays in the past year due to tax issues, sources said yesterday. The launch would mark a key step towards the country's liberalisation of its closedReuters - 62 words
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75 2002-10-12 7 Bloomberg [MANILA] The Philippine economy will grow within the government's forecast this year because consumer spending is supporting the manufacturing and retail industries, Finance Secretary Jose Isidro Camacho said. The government expects growth of 4.5 percent this year, up from 3.4 per cent in 2001.Bloomberg - 75 words
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74 2002-10-12 7 Bloomberg [JAKARTA] PT Astra International said it may not reach a preliminary agreement with creditors before an Oct 15 deadline as it seeks to reschedule about US$B24 million of debt due by 2006. "I cannot predict when we will be able to comeBloomberg - 74 words
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517 2002-10-12 8 Reuters [MURRAY HILL, New Jersey] Struggling telecommunications equipment maker Lucent Technologies said yesterday it would report a wider-than-expected loss in the fourth quarter, cut 10,000 more jobs, and take US$4 billion in charges for severance and a decline inReuters - 517 words
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658 2002-10-12 8 Confidence seen flagging as stock prices drop, talk of a possible war with Iraq escalates and jobs remain scarce [WASHINGTON] Consumers sharply cut back on their spending in September, driving down sales at the US retailers by 1.2 per658 words
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Article, Illustration85 2002-10-12 8 UX)NIX)N] A visitor is dwarfed by "Marsyas one end of a gigantic sculpture created by Anish Kapoor at The Tate Modern gallery in London this week. The installation is 155 m long, 23m wide and 35m high and consists of three steel rings joined byAFP - 85 words
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192 2002-10-12 8 Bloomberg [NEW YORK] Dow Jones Co said third-quarter earnings plunged 85 per cent and fourth-quarter profit may be less than half of analyst estimates as advertising slumps at the Wall Street Journal. The shares fell 5.9 per cent. Net income slid to U552.45Bloomberg - 192 words
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456 2002-10-12 8 Sale off Net unit, NBC TV help to meet Wall St expectations Reuters [BOSTON] General Electric yesterday said third-quar-ter earnings rose 25 per cent as NBC television and the sale of its Internet commerce unit helped offset sluggish demand for plastics and continuedReuters - 456 words
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618 2002-10-12 8 US also working on postwar plans for control of Iraq AFP. Bloomberg. AP, NYT [LONDON] Crude oil rebounded yesterday after the US Congress gave President George W Bush authority to go to war against Iraq, citing a "continuing threat" posed byAFP.; Bloomberg.; AP,; NYT - 618 words
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Article, Illustration384 2002-10-12 8 AP [OSLO, Norway] Former US president Jimmy Carter won the Nobel Peace Prize yesterday for his peace mediation efforts and promotion of human rights in what the awards committee said was a criticism of current US policy and "a kick in the leg" toAP; RfUTERS - 384 words
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WORLD WATCH
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84 2002-10-12 8 Bloomberg (STOCKHOLM] Investor AB, the investment company of Sweden's Wallenberg family, said its assets posted their biggest quarterly decline in at least six years as the value of Ericsson AB, ABB Ltd and other holdings dropped. Net asset value in the third quarterBloomberg - 84 words
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76 2002-10-12 8 AFP [LONDON] Shares in British media group Reuters fell to their lowest level in more than 11 years yesterday following a wave of broker downgrades ahead of a third quarter trading update from the company next week. By mid-afternoon the shares stood fiveAFP - 76 words
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77 2002-10-12 8 Bloomberg [HAMILTON, Bermuda] Accenture Ltd hart a fourth quarter profit after firing partners and cutting pay. Sales fell 3.1 per cent as demand from banks and brokerages declined. Net income was US$3B.l million, or 8 cents a share, in the quarter endedBloomberg - 77 words
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92 2002-10-12 8 Bloomberg [SYDNEY] Visa International opened a legal challenge to the Reserve Bank of Australia's plan to trim fees and let more companies issue its credit cards, concerned a precedent may be set for European and US regulators to enact similar changes. MasterCard International willBloomberg - 92 words
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74 2002-10-12 8 Bloomberg [SAO PAULO] Bank of America Corp's Brazilian brokerage agreed to compensate more than 300 clients for losses caused by a plunge in the value of their mutual fund holdings in June as bond and stock prices tumbled. The brokerage offered to pay betweenBloomberg - 74 words
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68 2002-10-12 8 Bloomberg [TOKYO] Bank of America Corp's Japanese brokerage was fined 10 million yen (*****,000) for breaching local securities rules. Bank of America Securities Japan Inc was fined 4 million yen by the Japan Securities Dealers Association and 6 million yen by the Tokyo StockBloomberg - 68 words
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62 2002-10-12 8 Reuters [SEOUL] South Korea's Hyundai Motor Co yesterday said it had agreed jointly to develop and buy auto parts worth US$l3 billion with DaimlerChry&ler and Japan's Mitsubishi Motors Corp. The move, which DaimlerChrysler said it could not confirm, would mark the latest stage forReuters - 62 words
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Article, Illustration569 2002-10-12 9 US FCC to refer the USsl&2b acquisition bid for review Reuters [WASHINGTON/NEW YORK] Echo Star Communications Corp was dealt a potentially fatal blow on Thursday in its US$l6.2 billion bid to acquire rival sateUite television provider Hughes Electronics when US communications regulators moved to blockReuters; AFP - 569 words
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287 2002-10-12 9 Bloomberg [MARSHALL, Texas] Intel Corp's Itanium chips use technology invented by computer-services company Intergraph Corp, a judge ruled. That decision will cost the world's largest chipmaker as much as US$25O million. US District Judge John Ward said Intel infringed two patents owned byBloomberg - 287 words
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Article, Illustration1068 2002-10-12 6 Transaction date: Oct 11 DfTERBAME CROSS RATES O It tr. Htt Mh Hprn m *1 1 18 N>h Mo SS Imi $fr itt HM N— AStrata 0.870 4544 0.555 4270 24.461 492* 0479 6.095 LOW U42 32.355 ***** 0.98) 5.704 OJQ ***** 24.027 0290 0346 Cj0- LM9 "21 0.6371,068 words
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Page 7 Advertisements
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Advertisement109 2002-10-12 7 "jT*, Since 19 7 5 our worldwide staff of Vover 2""I mu'ti-discplmed p'O'ess onals f irtc'uding lawyers, chartered accountants V k chartered sec'elancs and bankers have provided confident al and cost elective I* corrpany formation ,n all the major low tax areas including -mrwxm* rrjv\y: v, Li. «k, it iiinfc109 words
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Advertisement25 2002-10-12 7 Lianhe Zaobao I I H H 4mhhhß I t I Mega Merger I I of China's I I major capers I I I I I25 words
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Article1671 2002-10-12 9 Transaction date: Oct 11 for live prices, log on to urwwjo&icumernarketsxxmi NmTL rJSl. mS? I*""-** *0* Dh> SrTW HKa I D« s=ea -a -r- a w a u, aya,* 1 r ABNAnroNLG 56c 9 230 >* I 1 'i fssssss==\s =s a !ii "j s si s| s1,671 words
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Article44 2002-10-12 9 a a srs two WO Oiw—Mfc US7310 t>«« *02 TOO BDJUSTatfi US2700odcd S75 sss is mso spore.. usssedBd 11M GOO ISSAKOO USI270ata> ***** CIO SPOftS US82K) ..II 1«S 1*3 ST1ETT 100 1J91ibJ 2 1400 1390 1390 1397 I I I I I44 words
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Article534 2002-10-12 9 a A J, ar; s-a 223 9 AMMdgiSc 10 ,c ggr* a s? ,s si ,i 5 1 S J 2SS!±=r —-Jf 5 J «i 5 3 SrSSsT —E :L M 14 233 SI g53S£ I? a u i 35 „i cSSST"* 97 145 C (£iM>«y J« 4*534 words
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Article125 2002-10-12 9 •£>"£» r I IS *i- rSL -5?. fcpfcr Mr GrVW M Kb I 52! <*■» -i» M«r Cw m |3 JO JBS *05 25 83 5 S3 83 5 84 40 3.4 «J !rT5L 265 2.1 7.4 C *****J ,j«~ 3 2rssr« 5 3" "i 'y"g sag JSSSSmSszz:ZZS-""125 words
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Esplanade Opening
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Article, Illustration1284 2002-10-12 10 PARVATHI NAYAR - Corporate sponsorship at the Esplanade is a two-way street where firms support the arts and then use the medium to promote their business philosophy, parvathi nayar takes a look PARVATHI NAYAR WE'VE waited a long time for tonight: the opening of Singapore's premier arts centre, the Esplanade,FILE PHOTO - 1,284 words
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Article, Illustration774 2002-10-12 10 Parvathi Nayar - Parvathi Nayar IF you favoured a poetic turn of phrase, you might call it the synergy of individualism. On the one hand an automotive company that strongly believes in and supports the spirit of individuality; on the other, an arts centre of the people that caters774 words
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Article, Illustration851 2002-10-12 11 PARVATHY NAYAR - By PARVATHY NAYAR ESPLANADE as the sixth C of the Singapore psyche? WeU, why not. As Ron Sim, CEO of Osim International Ltd puts it: "Singaporeans are known to pursue the five Cs in life; with the creation of Esplanade, we see the addition of one more CFILE PHOTOS - 851 words
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Article459 2002-10-12 11 Parvathi Nayar - Parvathi Nayar HIGH-tech and hand-work make great partners in the Esplanade. Complementing the centre's arts, crafts and clean architectural lines are sleek 50-inch Pioneer plasma screens installed in performance venues and public areas. The screens work as information providers, and also as the basis of an459 words
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Page 10 Advertisements
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Advertisement59 2002-10-12 10 HEARTFELT THANKS to the following for their suppbrt'for the Opening of Esplanal CPG Corporation Pte Ltd Fabulous Printers Pte Ltd National Computes Penta-Ocean Construction Co., Ltd Kodak (Singapore) Pte Ltd PM Link I DP Architects Pte Ltd I DP Design Pte Ltd Frontline Technologies Pte Ltd SISTIC.conr Chye Thiam Maintenance59 words
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Page 11 Advertisements
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Advertisement325 2002-10-12 11 EVEWTS ARTISTS DATE EVENTS DATE EVENTS ARTISTS ***** Th^?^ 6 DanCe *****,15 The London Philharmonic Oct 17-19 Forbidden City: The Singapore Repertory Theatre Oct 26,27 Anaphaza SffSa Dance C ndUCt r Portrait Empress Company OcMfi ,7T,. D Oct 18, 19, 25, Cabaret: A Single Woman Selena Tan, Emma Yong, Pam325 words
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in the money
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Article, Illustration1143 2002-10-12 12 teh hooi ling - SHOW ME THE MONEY 56% of SGX companies are trading below their NTA. But this need not mean you get more value if you buy them teh hooi ling The writer is a BTcorrespondent and CFA charterholder WITH the continued weakness in stock1,143 words
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Article346 2002-10-12 12 Discount/premium to net tangible assets HJ3232EH TTTTTTTTTM P/NTA NAME P/NTA 1 880 1 Wizoffic8.Com 37.60 2 Proeaa ulB -an 2 Tetedata ium 3 Pac Century R.D. -0.33 3 Darco Water 10L00 4 Asia Food Prop 006 4 Otkaya U6 5 General Magnetics 0.14 5 El-Nets 7j66 6346 words
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Article171 2002-10-12 12 ASTI Holdings HI S I 2.00 OBSQroup oj if I 1.40 EuYanSang Oj H j 125 Fronfllw Technologies H| S 2.00 Hyflux B NR 1.00 Kingboefd Copper Foi H| S j 2.00 MFS Technology Bj O I 1.00 OAF Lid Bj NR j 1.00 SembCorp Industries U I S171 words
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Article335 2002-10-12 12 Patrick Peck - ST Engg gets two upgrades, market awaits SPH results By Patrick Peck The author is vice-president at Paris-based JCF Group THIS week we have 24 opinion changes, with 14 upgrades and 10 downgrades. Defence group Singapore Technologies Engineering's third-quarter earnings came in at the lower335 words
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561 2002-10-12 13 Teh Hooi Ling - MONEY TALK By 1 Teh Hooi Ling HOW do you go about choosing a unit trust? How do you know which is right for you? Well, as in any investment planning, you have to decide on your objectives first. This would include your561 words
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909 2002-10-12 13 THERE is an old joke that asks: "How do you make a small fortune in the futures market?" The answer: "Start with a big fortune." Sadly, one could also say this of equity markets in the past three years. After a long909 words
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Article3496 2002-10-12 12 UNIT TRUSTS FUNDS MM Aav* AM Mgt (S'pore) Star Europe Eqty!** 0 55V Star Europe Ba 1 09V Star Europe Bai 0J0W Star Asian Tiger Eqty 0 60& Star Am Bond 1.30V Star Am Balanced 0.7W Star Global Technology Fund!** 0132/ Star Bhv Finance Japan Fundi** 0.60V Multi Strategy Fd3,496 words
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Article1597 2002-10-12 13 I for meek beginning Oct 7 rnmm m om n a WW W w w w MRNMpi Jm«p ism J an. 1.5*. u* Aoi* 30-Sap I 17.3531 USA 2JL ML 3Map I OSJ71 ***** 0.52. 2.44L HUgi 27-Sap I 9.7041 0401 4.601 OJS (wgarhM KKJct I1,597 words
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Page 13 Advertisements
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Advertisement20 2002-10-12 13 Brought to you by: Odbsbank I f JSP' vl I J :H!| &lr <4 J i i^. r -7 jV20 words
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week in review
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Article, Illustration793 2002-10-12 14 For the full stories, visit http://business-times.asial.com.sg Economists slash full-year forecasts Oct u OFFICIAL flash estimates showing the economy did much worse than expected in the third quarter have prompted private-sector economists to slash their full-year growth estimates to the bottom end of or below the government'sAP - 793 words
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Article290 2002-10-12 14 WONG WD KONG oas Needed: Transparent back-door listings SOME companies appear to favour a back-door listing over an initial public offer, but it is not clear what requirements the former must satisfy with regard to disclosure and transparency. It will be unhealthy if more companies choose this290 words
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Article2395 2002-10-12 14 Transaction date: Oct 11 KUALA LUMPUR VM w- rm AIMMly 054 undi 666 Abric an OjOI 21 ACPInducMB. 2.81 -0.04 35 AAance Synergy OJt -0-01 S3 A«lnHofc*ngs 0.19 051 10 AhmadZaki Res 3 00 0.08 7 AJCCorp 3J2 -0.06 10 AMmRas. .0.96 -0.02 35 AKN Technology 554 0.02 292,395 words
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Article586 2002-10-12 14 BONDS WARRANTS Mo* b« ISS GMT• t 3SZ c ««r- PWI Wn ha un AST1W*****1 ,73 1 It 179 069 20 Acme Ltd W*****6 3 1 SO 864 133 2S Amte* W*****0 S 507 1 33 -1 1.54 32 MMrengWMOta 1 I 10 144 4 50 19 Bar 6*SA*****1 IQk586 words
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in focus
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Article, Illustration1173 2002-10-12 15 LOH HUI YIN - The corporate raider makes his first major equities foray in Singapore after quitting Hong Kong some two years ago, reports LOH HUI YIN LOH HUI YIN OEI Hong Leong was once described as Asia's most famous corporate raider by an international financial magazine. There's1,173 words
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Article5055 2002-10-12 15 Transaction date: Oct 11 for more, go to umrwjasixwnenmarketsjcorn HONG KONG Vol WO w- n» Alpha General 0 02 unch 4000 Ananda WingOn 0.02 unch *****0 Angara New Steel H 0.87 0.01 2368 AnnmConchH 1J0 0.00 1592 Anhui Expressway H 1.48 0.01 1442 ArcontecnCofp .......0.30 0.01 628 Asm5,055 words
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What's in style reviews
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Article, Illustration504 2002-10-12 16 GEOFFREY EU - MOVIES GEOFFREY EU braves dreadful acting and a thin script for a ride with The Transporter GEOFFREY EU THAT girl Shu Qi sure knows how to get around. After her mayhemmaking role as a gun-toting assassin in the stylish, silly thriller So Close. the pouting provocateur heads504 words
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Article, Illustration540 2002-10-12 16 Geoffrey Eu - By i Geoffrey Eu LONG Beach, a once-idyllic seaside town on New York's Long Island, is in the final throes of death by urban decay, having undergone a gradual and depressing transformation from its 1950s heyday to its current decrepit state. On the540 words
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Article, Illustration509 2002-10-12 16 Kannan Chandran - By Kannan Chandran WEEK in, week out, for the past five years, she's been in your face, punctuating the antics of the goofy lawyers on Ally Mcßeal with songs that helped anchor viewers in front of their TV sets. But not anymore. With the509 words
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Article, Illustration616 2002-10-12 16 MUSIC But the British band still remains coy about its future, reports KANNAN CHANDRAN THEY came in out of the cold, naive, insecure youngsters, and warmed up the charts with their debut album, Parachutes. And despite living a life that is "unplanned" and at the mercy ofREUTERS - 616 words
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shopping
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Article, Illustration668 2002-10-12 17 CHEAH UI-HOON - CHEAH UI-HOON checks out the shops at the Esplanade CHEAH UI-HOON THE shops at the Esplanade may not exactly carry stuff of haute couture, nor do they qualify for the bohemian artisan's enclave, but look carefully and you'll find treasures within that marry the two endsPHOTOS BY CHRIS LOH - 668 words
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IN STORE
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Article, Illustration95 2002-10-12 17 What's new in stores this week WITH distinguished tableware like this, culinary flair is secondary. Part of Spode's new Penny Lane series, (from left) the cheese wedge usually costs $159, the coffee pot $248 and the sauce boat and stand $183. But just for these two95 words
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Article, Illustration97 2002-10-12 17 A hand cream that locks in your skin's moisture? That's what Hand Recov- ery's unique formula does, I according to Crabtree I Evelyn, which has applied I to patent the product. Hand I Recovery is a cleanser, exfol- iator and moisturiser in one product. The secret:97 words
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Article47 2002-10-12 17 MIKE CHUA - Compiled by MIKE CHUA The Mm n Do i lar Dl Ra f sideshow continues at the mall. This week the first 100 shoppers to adopt a duck ($10) will receive a $10 gift voucher redeemable with a minimum purchase of $30 at GNC.47 words
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Article, Illustration142 2002-10-12 17 CHEAH UI-HOON - -By( CHEAH UI-HOON SINGAPOREANS will get to see, up close, the diamond necklace that graced the neck of Nicole Kidman at this year's annnual academy awards (right). The $4 million 241 carat rough diamond necklace was created by Bvlgari, and made possible by Diamond Trading Company which is142 words
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579 2002-10-12 17 Cheah Ui-Hoon - At Funan IT mall, it's not just the boys who will have a field day By Cheah Ui-Hoon WHEN your male acquaintances talk about going to Funan IT mall you think, oh, he's going to check out some computers and everything else that's techie. But579 words
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Page 17 Advertisements
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Advertisement631 2002-10-12 17 •Vy*t .V, j -V V* wine&dine with weekendßT fwPmimuta fiSSor Hotel. Levels Tit ***** M naelHmitcAfier6pm.itssopercemofr«pe«ilia. finalist for the Best Ethnic Restaurant at Wodd TeL 6S39fl76gsavouffre»hTa»nr iiißMMl*tsl Wmlumd ond public halLLi. L-ff-.il i. Gourmet Summit 2002 and was listed as one of the each eusryWadneadayduring "Oyster Nlte". Happy Saturday World's631 words
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What's in style motoring
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Article, Illustration1036 2002-10-12 18 SAMUEL EE - With the world's biggest economy threatening a double-dip and oil prices seeing double-digit bounce, halls full of luxury cars seem irreverent But thats exactly what SAMUEL EE saw in Paris SAMUEL EE The writer is BT's online editor THE French are aloof and they make quirky1,036 words
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BRAVE NEW WHIRL
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Article, Illustration122 2002-10-12 18 TOYOTA Motor is expected to make the RSC (Rugged Sports Coupe) concept a reality. According to its in-house magazine One Aim, the RSC could hit showrooms in four years. The decidedly brash and futuristic design looking like a cross between a World Rally Championship car, a122 words
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108 2002-10-12 18 GENERAL Motors and Ford Motor are joining forces in an unprecedented alliance to develop a new six-speed transmission, Reuters reported. The venture, to improve fuel economy for large cars and SUVs, will save the firms millions of dollars in costs. The world's two108 words
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Article, Illustration183 2002-10-12 18 DOLCE Gabbana, Donna Karan New York, Vivienne Westwood and Julien Macdonald for Givenchy have joined forces with scooter maker Piaggio to produce Vespa Collection 2002 in aid of the UK's breast cancer campaign. The four top designers have each given a new look to183 words
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144 2002-10-12 18 Christopher Tan - Compiled by Christopher Tan IT looks like most Britons have forgiven BMW for dumping Rover, or at least the well-heeled ones have. According to BMW Group figures, Great Britain recorded the biggest growth for BMW in Europe for the first nine months. Group144 words
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What's in style art
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Article, Illustration1182 2002-10-12 19 GEOFFREY EU - Filmmaker Royston Tan is making his mark with an intuitive take on teenage misfits. GEOFFREY EU meets the young auteur who pairs thoughtful stories with slick cinema GEOFFREY EU FOR someone who has just turned 26, local filmmaker Royston Tan might appear a tad too young1,182 words
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Article, Illustration914 2002-10-12 19 KANNAN CHANDRAN - KANNAN CHANDRAN talks to jazz maestro Jeremy Monteiro about life in the swing lane KANNAN CHANDRAN IT may not have been an easy ride for Jeremy Monteiro, but it has certainly been an enriching one. Jazz pianist, businessman, jingle writer, educationist, dreamer, reiki master, psychology enthusiast, recording914 words
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Page 19 Advertisements
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Advertisement54 2002-10-12 19 4 THE CONTEMPORARY Z CHINESE J ART EXHIBITION SERIES j| THE HUMAN CONDITIONS 10.10-11.11.2002 JIADEFEI SU XINPING OPEN-HOUSE Oct 10th 15th 10am 6pm thereafter viewing by appointment only. SHENN'S ART ARCHIVES WAREHOUSE 10 Ubi Crescent Ubi Tech park #01-35 Singapore *****4 Tel: 65-6749-2949 www. shennsartarchives. com please log on to54 words
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Page 19 Miscellaneous
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Miscellaneous243 2002-10-12 19 CRYPTIC CROSSWORD ACROSS 2 < 3 4 4 > 1 Lay down before writer (9) 6 a 9 A line in a bit of opera (6) 7 ':h m ic sch Went down with minor i ness SE&T 11 Log is in quarters (6) 8 inCTMSi "9 I^^9^ 9e,#remOVe<lW Twoboysolanage.younae,243 words
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What's in style
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Article, Illustration1484 2002-10-12 20 GEOFFREY EU - Offices have never looked more inviting as companies embrace open management and porous hierarchies. GEOFFREY EU dons his suit for a look GEOFFREY EU IN 1984, the most famous commercial in television history depicted how a single revolutionary invention Apple's Macintosh computer would forever1,484 words
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Page 20 Advertisements
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Advertisement18 2002-10-12 20 i <Mi < ■nr art \JM Emerging auteur I Royston Tan talks F.A I his feature Win. PMC 1818 words
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Advertisement11 2002-10-12 20 S^Irevieiw w j VDnila Shepard mjki returns to music full-time (SklSiwie11 words
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