The Business Times, 21 December 2002

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Microfilm: NL24906
Total Pages: 16
1 16 The Business Times
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  • Title Section
    Lock icon Masthead
    12 1 THE BUSINESS TIMES weekend MITA(P) 010/03/2002 85C SINGAPORE DECEMBER 21 22. 2002
    12 words
  • Article
    Lock icon Use Budget surplus to cap government fees
    854 1  -  Surpluses are fine, but use them in more focused way: IPS By. Anna Teo [SINGAPORE] Another "triangle" has surfaced in Singapore's economic strategy, this time in a proposal linking Budget surpluses to business costs and basic wages. Instead of bowing to political pressure
    854 words
  • Article, Illustration
    Lock icon The risks of doing business in Indonesia
    762 1  -  S A T U RDAY SOAPBOX shoeb kagda WHEN Arun Jain, chairman and chief executive officer of Madrasbased Polaris Software Laboratories, flew into Jakarta last week to sort out a commercial problem with one of his clients, Bank Artha Graha, getting arrested and
    762 words
  • Article, Illustration
    Lock icon Ong Beng Seng may be in a tight spot
    960 1  -  COMMENTARY His resources are tied up in NatSteei, which could leave him vulnerable if a hostile bid for HPL emerges lee han shih HAILED by the media as a big, swinging corporate predator, it is easy to forget hotelier Ong Beng
    960 words
  • Article, Illustration
    Lock icon Economists broach weaker S$ with MAS
    512 1 They say this could combat deflationary pressures (SINGAPORE) Some economists consulted by the Monetary Authority of Singapore have floated the idea of a weaker Singapore dollar as an antidote to deflation- ary pressures, a local academic said yesterday. Chen Kang, an associate professor at
    AP  -  512 words
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  • in the news
    • Article, Illustration
      Lock icon Scepticism is still the order of the day
      605 2  -  MARKET REVIEW r sivanithy IT pays to be sceptical in this stock market Thursday's 19-point rise in the Straits Times Index was almost universally viewed with a hefty dose of scepticism and this proved well-founded when the index promptly fell back 17.18
      605 words
    • Article
      Lock icon MARKETS
      75 2 sti (-17.18) ST INDEX FUTURES 1,350.00 (unch) SMISCI FUTURES 165.00 (-0.80) Friday Change KLSE COM P 638.03 .24 NIKKEI 225 8.4M.88 •19:11 HANG SEN(i ......9,***** 70.83 SET INDEX .350.01 -0.24 JAKARTA <X)MP-.«5itt »479 MANILA COMP _I.MW.78 +3.00 TAIPKI WPI 4.***** .4644 SEOUL COMP ***** .022 SHENZHEN B ***** I
      75 words
    • Article
      Lock icon FINANCE
      71 2 FOREX RATES US$ S$ IISS <S$ per rs$) 1.744 S(ISS/S$ p*T S) 1 (MCI 17% KI!RO(l!S$/S$/K). 1027 1.791 YK.N 120.9 69:10 KM 3800 2.179 H KS 7 798 4.472 BAHT 43.08 24 70 Kl PI AH 8.889 5,098 PRIME RATES SINGAPORE* 5i5 KUALA LTMP1K t, 40 HONG KONG UN
      71 words
    • Article, Illustration
      Lock icon Growth depends on easing of tensions, says Greenspan
      658 2 Reduction in risk will improve capital outlay and spur economic growth, the Fed chief says Bloomberg, Reuters, NYT [NEW YORK] An acceleration of the US economy from its current "soft patch" depends on an easing of international tensions and increased investment by
      Bloomberg,; Reuters,; NYT; REUTERS  -  658 words
    • Article
      Lock icon Some Bush aides keen to nudge China to up yuan
      582 2 Butlohn Snow's positional issue still not known Reuters [SINGAPORE] Some of President George W Bush's aides are considering stepping up pressure on China to strengthen its currency, which would help US and a whole host of Asian exporters, but the
      Reuters  -  582 words
    • Article
      Lock icon Officials can't swing markets by their talk
      112 2 Reuters [WASHINGTON] Federal Reserve chairman Alan Greenspan said on Thursday evening that he did not believe public officials have the power to move markets higher or lower, solely on their comments. "I find that exceptionally unuseful, unless you follow it up with real
      Reuters  -  112 words
    • Article
      Lock icon Singapore decides to post air marshals on commercial flights
      184 2 Security agents to travel on both SU and Silk Air planes AP [SINGAPORE] Singapore is becoming the latest country to post air marshals on its carriers' flights, the government said yesterday. Security agents will travel on both national carriers, Singapore Airlines
      AP  -  184 words
    • Article
      Lock icon UOB's Wee family raises stake in Haw Par
      202 4 JUST as some analysts had predicted, United Overseas Bank's controlling Wee family appears to have started raising its stake in Haw Par, just days after the bank completed the distribution of a 31.12 per cent stake in the diversified group. According to
      202 words
    • Article
      Lock icon Capita Land to buy IMM Building
      425 4  -  Acquisition will cost a total of $262.6 m and it has given the Capita Mall Trust trustee the right of fiist refusal to purchase the property By Eugene Low CAPITALAND'S whollyowned subsidiary CapitaLand Commercial (CCL) has inked a conditional agreement to buy IMM Building
      425 words
    • Article
      Lock icon Workgroup pushes risk-based capital plan for insurers
      419 4 Proposal by RMS-led panel open to feedback till Feb A WORKGROUP on general insurance led by the Monetary Authority of Singapore yesterday released a proposed risk-based capital framework for general insurers aimed at addressing asset risks and providing early warning indicators of their
      419 words
    • Article, Illustration
      Lock icon SingTel to stop free Net service from Feb
      257 4 Bloomberg SINGAPORE Telecommunications Ltd, South-east Asia's biggest phone company, said it will begin charging users of its previously free Internet service after advertising tales did not live up to expectations. From February, the company will start charging customers of the "mysingtel" service
      Bloomberg; FILE PHOTO  -  257 words
    • Article
      Lock icon Will NOL sell its only profitable operation?
      259 4 Bloomberg NEPTUNE Orient Lines (NOL), which had almost US$2.5 billion of debt as at June, has hired JP Morgan Chase Co to advise it on a possible sale of American Eagle Tankers, its only profitable operation. "We expect the review to be completed
      Bloomberg  -  259 words
    • Article
      Lock icon Two firms set to launch IPOs in Jan
      462 4  -  Hftchins and Design Studio submit preliminary prospectuses By\ Serena Ng THE WEEK leading up to Christmas is usually a quiet one for most businesses, but for two listing aspirants and their issue managers who are hoping for a flying start to 2003,
      462 words
    • IN BRIEF
      • Article
        Lock icon PNE's loss deepens to $6.8m
        83 4 PNE Industries, which makes electrical and electronic devices, yesterday said its net loss for the year ended September deepened to $6.8 million from a loss of $1.5 million a year ago. Its revenue slumped 3S per cent to $21.2 million as the group saw lower
        83 words
      • Article
        Lock icon Comments sought on draft Companies Bill
        100 4 THE Ministry of Finance (MOF) is seeking public comments on the draft Companies (Amendment) Bill 2008, which sets out to implement 20 recommendations from the Company Legislation and Regulatory Framework Committee. Among these recommendations are that exempt private companies with annual turnover of less
        100 words
    • Article
      Lock icon Changi Airport traffic back at pre-911 levels
      342 5  -  EYE ON THE ECONOMY air But Cheow Tong warns that global aviation sector remains weak By] Eugene Low CHANGI Airport's passenger and cargo traffic volumes have bounced back from the declines caused by the Sept 11 terrorist attacks, Transport Minister Yeo Cheow Tong
      342 words
    • Article
      Lock icon Just how much vacant office space is available right now?
      293 5 WHAT is the stock of vacant office space in Singapore? Eight million sq ft, going by Jones Lang LaSalle's estimate, or 11 million sq ft based on CB Richard Ellis' figures? The two property consultants released their figures on Thursday,
      293 words
    • Article
      Lock icon Ascendas buys office building in S Korea
      298 5  -  This is its first purchase there and first move into office space market By: Eugene Low ASCENDAS has made its first foray into the South Korean market by acquiring the Citicorp Centre building in Seoul. Citicorp Centre the first office building in Ascendas'
      298 words
    • Article, Illustration
      Lock icon OG reopens its Chinatown store
      309 5  -  Byl Kalpana Rashiwala AFTER a two-and-a-half year break, retailer OG yesterday reopened its building in Chinatown which was redeveloped at a cost of about $30 million. The new building devotes about 130,000 sq ft spread over six levels (including a basement) to retail space, which
      ARTHUR LEE  -  309 words
    • Article
      Lock icon Stanchart launches HDB loan scheme
      224 5 2.5% discounted rate and no repayment of principal in Ist year STANDARD Chartered Bank yesterday launched its HDB-flat loan scheme, which offers a discounted first-year rate of 2.5 per cent, as well as free fire insurance for the tenure of the loan. The second-year rate
      224 words
    • Article
      Lock icon A code to guide workplace conduct
      183 5 A CODE erf" Responsible Employment Practices to promote non-discrimination in the workplace was jointly issued yesterday by the Singapore Business Federation (SBF), Singapore National Employers Federation (SNEF), and National Trades Union Congress (NTUC) yesterday. It encourages "self-regulation" on the part of employers and employees
      183 words
    • Article, Illustration
      Lock icon Management of KFC, Pizza Hut in buyout move
      480 6  -  Complex exercise involves three listed Malaysian entities From Eddie Toh in Kuala Lumpur THE management of Kentucky Fried Chicken (KFC) and Pizza Hut in Malaysia and Singapore has staged a buyout in a bid to create a premier quick service restaurant group.
      FIIE PHOTO  -  480 words
    • Article, Illustration
      Lock icon China may emerge a global biotech giant
      527 6 Reuters [HONG KONGJ Is China a crouching cyborg dragon, ready to spout new plant biotechnology and geneti-cally-modified organisms (GMOs) on the world? Scientists and industry officials familiar with the country's biotechnology sector say that is not just possible, but likely. To ensure food
      Reuters; AFP  -  527 words
    • Article
      Lock icon Indon police release two Indian businessmen
      418 6 Bloomberg, AFP [JAKARTA] Indonesian police released two Indian businessman in Jakarta yesterday after their arrest sparked a diplomatic protest and India's Foreign Minister Yashwant Sinha spoke to his counterpart seeking their freedom. Polaris Software Lab Ltd's chief executive officer Arun Jain and senior vice
      Bloomberg,; AFP  -  418 words
    • IN BRIEF
      • Article, Illustration
        Lock icon Top Chinese actress and her firms fined
        162 7 Reuters [BEIJING] China has fined one of the country's most famous film stars, along with several companies she headed, 5.7 million yuan (511.2 million) for evading taxes, state media said yesterday. Liu Xiaoqing, a popular actress in the 1960s best remembered for playing
        Reuters  -  162 words
      • Article
        Lock icon Taiwan properly firms can invest in China
        134 7 AP [TAIPEI] Taiwan's government has eased a ban on real estate investment in China, opening the door for Taiwanese firms to enter the Chinese property market for the first time in decades, news reports said yesterday. It is the latest cautious step by
        AP  -  134 words
      • Article
        Lock icon China to cut import tariffs further
        120 7 Xinhua [BEIJING] China is to further cut tariffs on more than 5,000 imported commodities next year according to its WTO commitments, the Ministry of Foreign Trade and Economic Cooperation announced yesterday. The overall level of tariffs will be lowered from 12.7 per cent to
        Xinhua  -  120 words
      • Article
        Lock icon Astra share sale to raise 1.43t rupiah
        93 7 Bloomberg [JAKARTA] Shareholders of PT Astra International, Indonesia's biggest automaker, approved plans to raise as much as 1.43 trillion rupiah (5J280.3 million) in a sale of new shares to help pay debt Last week, creditors of Astra, which is a third owned by
        Bloomberg  -  93 words
      • Article
        Lock icon Thai Airways to buy jets from United
        78 7 Bloomberg [BANGKOK] Thai Airways International may buy as many as seven Boeing 747-400 planes from UAL Corp's United Airlines, its partner in the Star Alliance, Thai Airways chairman Thanong Bidaya said. The airline is negotiating with United and creditors on the purchase, he
        Bloomberg  -  78 words
      • Article
        Lock icon Jakarta receives payment for Indosat sale
        56 7 Bernama [JAKARTA] Indonesia has successfully completed the privatisation of Indonesian Satellite Corporation following the receipt of payment from Singapore Technologies Telemedia Pte Ltd. The Indosat privatisation would raise a total of 5.62 trillion rupiah (SSI. 1 billion) in gross proceeds and is the largest
        Bernama  -  56 words
      • Article
        Lock icon China foreign trade seen to top US$620b
        107 7 AFP [BEIJING] China's foreign trade is expected to surpass US$62O billion for the year, while foreign investment for 2002 will reach US$5O billion, Gao Yan, spokeswomen of the Ministry of Foreign Trade and Economic Cooperation, said yesterday. "2002 was the first year that
        AFP  -  107 words
    • Article, Illustration
      Lock icon PLDT workers threaten to strike
      466 7  -  Action could cripple other telcos, including SingTel's Manila unit Globe Telecom, which are connected to PLOT From Al Labita in Manila HONG Kong-based First Pacific Co's listed Manila unit faced another crisis as its 6,700 employees threatened yesterday to strike and cripple its telecom operations
      AFP  -  466 words
    • Article
      Lock icon Big response to Citic Securities IPO
      444 7 I.Bb yuan IPO more than 350 times subscribed Reuters [SHANGHAI] China's first initial public offering by a brokerage was massively oversubscribed, the lead underwriter said yesterday, brightening fundraising prospects for the country's struggling securities sector. The 1.8 billion yuan (Ss37B million) IPO by Citic
      Reuters  -  444 words
    • Article
      Lock icon China's urban population set to double in 50 yrs
      291 7 AFP [BEIJING] China's urban population is set to double in size within the next 50 years as economic development accelerates, state press said yesterday. The country's first report on urban development said the population in cities and towns would reach between
      AFP  -  291 words
    • Article
      Lock icon Gold rush in Beijing after 50-yr ban lifted
      194 7 Xinhua [BEIJING] Local shops opened their doors to individual gold buyers in the Chinese capital on Wednesday for the first time in the country in over five decades. Direct sale of gold bars to individuals was suspended immediately after the founding of
      Xinhua  -  194 words
    • Article
      Lock icon Manila deficit hits record 200.6b pesos
      395 7 But govt expects to beat full-year deficit forecast as tax collection picks up Bloomberg [MANILA] The 2002 Philippine budget deficit swelled to a record 200.6 billion pesos (556.5 billion) in November, said Finance Secretary Jose Isidro Camacho yesterday. But it is less than the
      Bloomberg  -  395 words
    • Article
      Lock icon More companies likely to be taken private next year
      688 8 Move will be spumed by heightened regulatory scrutiny and stock-price declines, say merger specialists Bloomberg [NEW YORK] Corporate executives, fed up with heightened regulatory scrutiny and stock-price declines, may increasingly try to take their companies private, merger and private-equity specialists said
      Bloomberg  -  688 words
    • Article
      Lock icon AOL strikes it rich with instant messaging patent
      400 8 It scores over Yahoo and Microsoft, key rivals in the field Reuters (LONDON] Media giant AOL Time Warner has quietly won a US patent for instant messaging, a potential goldmine as the online activity rivals mobile phone text-messaging as the most popular
      Reuters  -  400 words
    • Article, Illustration
      Lock icon World seaborne trade in trough, UN reports
      399 8 Reuters [GENEVA] Global seaborne trade is set to remain in a trough this year after its first volume decline in 15 years in 2001, the United Nations Trade and Development Agency (Unctad) reported on Thursday. But despite a one per cent drop in
      Reuters; REUTERS  -  399 words
    • Article
      Lock icon Anti-missile defence urged for airlines
      357 8 Reuters [ROME] Israeli Foreign Minister Benjamin Netanyahu said that airliners from any country could face the risk of missile attacks and proposed creating a consortium to equip planes with defence systems. "I believe we face a clear and present danger of an attack on a
      Reuters  -  357 words
    • Article
      Lock icon US economy powers to 4% growth in summer
      670 9 GDP gains come on robust consumer spending, but worries persist of weakening in final quarter of the year Bloomberg AP, [WASHINGTON] The US economy posted a solid growth rate of 4 per cent in the summer, the government reported yesterday, even as
      Bloomberg; AP,  -  670 words
    • Article, Illustration
      Lock icon US$1b settlement by 10 banks: sources
      665 9 CHfgroftptopay most at USs3oom, followed by CSFB with USs2oom Bloomberg [NEW YORK] Citigroup, Credit Suisse First Boston (CSFB) and eight of the other largest securities firms agreed to pay about US$l billion to settle claims they misled investors with stock recommendations to win investment
      Bloomberg  -  665 words
    • WORLD WATCH
      • Article
        Lock icon McDonald's Japan to post loss
        87 9 Bloomberg [TOKYO] McDonald's Holdings Co (Japan) will post its first full-year loss in nearly 30 years and retreat from an expansion that has made it Japan's largest hamburger chain. The company now expects a group net loss of 2.33 billion yen (5533.6 million) in the
        Bloomberg  -  87 words
      • Article
        Lock icon Venezuela court tells oil industry to reopen
        60 9 AFP [CARACAS] Venezuela's Supreme Court on Thursday ordered the reopening of the oil industry, crippled by an 18-day-old strike that slashed exports and caused petrol shortages in the country. The court ordered compliance with government decrees to reopen oil installations idled by the
        AFP  -  60 words
      • Article
        Lock icon SEC accounting probe targets Halliburton
        51 9 Bloomberg [HOUSTON] Halliburton Co is the target of a formal Securities and Exchange Commission probe into accounting for cost overruns on construction jobs beginning in 1998, when US Vice-President Dick Cheney ran the company. The oil services company is cooperating with the SEC, it said.
        Bloomberg  -  51 words
      • Article
        Lock icon Argentina defaults on Samurai bonds
        73 9 Reuters [TOKYO] Argentina yesterday defaulted on a Samurai bond issue, failing to pay back principal on a yen-denominated bond for the first time, even as talks with the IMF over aid for the country started to show some progress. Market sources said Argentina failed to
        Reuters  -  73 words
      • Article
        Lock icon Honeywell to take US$1.9b charge
        75 9 AP [MORRIS TOWNSHIP, New Jersey] Honeywell International plans to charge US$l.9 billion against earnings in the fourth quarter to cover asbestos claims, it said on Thursday. The company disclosed last month it could be liable for asbestos-related claims over its former North American Refractories Inc
        AP  -  75 words
      • Article
        Lock icon Ericsson moves HQ to cut costs
        57 9 Bloomberg [STOCKHOLM] Ericsson will move its headquarters in an effort to save money as the company heads for a second straight annual loss. It will move its HQ from Telefonplan in southern Stockholm to Kista, north of the city. The move will take place
        Bloomberg  -  57 words
    • Article
      Lock icon Broker settlements highlight US regulatory failures
      702 9 It shows how SEC, NYSE, NASD all failed to protect investors NYT [NEW YORK] The regulatory settlement that requires the nation's top brokerage firms to pay fines and make changes in how they do business speaks to more than the failures of Wall Street
      NYT  -  702 words
    • Article
      Lock icon UN's Blix accuses US, UK of not sharing intelligence
      268 9 Reuters [WASHINGTON] The chief UN weapons inspector yesterday accused the US and the UK of not sharing intelligence on Iraq's alleged doomsday weapons, hours after Washington said Baghdad was in "material breach" of a Security Council resolution. Addressing the UN on
      Reuters  -  268 words
    • Article, Illustration
      Lock icon Soros found guilty of insider trading, fined 2.2m euros
      466 9 Bloomberg, Reuters [PARIS] George Soros, the manager of the world's largest hedge fund, was found guilty yesterday of insider trading charges in a French case that date back to events 14 years ago. Judge Anne-Marie Foncelle acquitted two other defendants JeanCharles
      Bloomberg,; Reuters; REUTERS FILE PHOTO  -  466 words
    • Article
      Lock icon Decision on evidence for JP Morgan suit soon
      472 9 Insurers want to use bank e-mail in their defence [NEW YORK] A New York judge will rule by Monday whether a JP Morgan Chase e-mail that describes derivatives transactions as "disguised loans" can be used by insurers fighting a US$l billion lawsuit
      472 words
    • Article, Illustration
      Lock icon Japan to raise spending marginally
      684 10  -  But Tokyo's fiscal 2003 Budget'prioritises'expenditures to revive the flagging economy Prtmi. Anthony Rowley in Tokyo THE Japanese government yesterday unveiled its fiscal 2003 Budget, which allows for only a marginal increase in overall public spending but "prioritises" expenditures to revive the flagging economy and to
      REUTERS  -  684 words
    • Article
      Lock icon JP Morgan and Barrick sued for gold pricing
      232 10 Bloomberg [NEW ORLEANS! Blan chard Co, a dealer in rare coins and precious metals, has sued Barrick Gold Corp and JP Morgan Chase Co, accusing them of making a US$2 billion profit by manipulating the price of gold. Barrick and JP Mor
      Bloomberg  -  232 words
    • Article
      Lock icon Top Goldman bankers see bonuses shrink by 50%
      427 10 Those in M&A and equity capital markets hit hardest Reuters [LONDON/NEW YORK] Some top investment bankers at Goldman Sachs saw Christmas bonuses slashed by up to 50 per cent from last year, wiping more than US$l million off some senior pay packets,
      Reuters  -  427 words
    • Article
      Lock icon Online shopping shines in gloomy retail season
      257 10 Reuters [NEW YORK] More consumers pointed and clicked through their holiday shopping lists this year, snapping up toys, DVD players and digital cameras as their comfort with online shopping continued to grow. In the heady days of the dotcom boom, some market watchers
      Reuters  -  257 words
    • Article, Illustration
      Lock icon Roh vows to revamp US relations
      533 10 But S Korea's presidentelect ruled out radical relationship changes Reuters (SEOUL] President-elect Roh Moohyun called yesterday for a revamp of South Korea's relationship with the United States, but ruled out radical change and pledged to work with Washington to curtail North Korea's nuclear arms
      Reuters; REUTERS  -  533 words
    • Article
      Lock icon Congress critical of SEC's selection process
      209 10 NYT [WASHINGTON] The Securities and Exchange Commission under Harvey Pitt was described on Thursday as dysfunctional by a government report examining the agency's selection of a new accounting oversight board. The report found that the commissioners disagreed for weeks over the appointment process and
      NYT  -  209 words
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  • in focus
    • Article, Illustration
      Lock icon Contract employment is key
      773 3  -  IPS Forum on Economic Restructuring Setting the retirement age at 62 years is not an effective policy to manage human resources: working group Byi Anna Teo INSTEAD of hiring on tenure, companies should move towards contract-based employment which spells greater flexibility, and also renders irrelevant the
      FILE PHOTO  -  773 words
    • Article
      Lock icon Radical suggestion to privatise GIC
      344 3  -  By Siow Li Sen THE government should consider privatising the Government of Singapore Investment Corp (GIC), said the group which looked at how Singapore can be developed into a major financial centre. Institute of Policy Studies director Tommy Koh, who chaired the forum, said the
      344 words
    • IN BRIEF
      • Article
        Lock icon Stealing the thunder
        76 3 THE government should not succumb to undue pressure to run Budget deficits, says IFER. But do current economic conditions warrant a deficit? As Assoc Prof Tan Khee Glap began to answer the question, a clap of thunder sounded. The skies continued to roar when he continued, prompting
        76 words
      • Article
        Lock icon Civil servants aren't heartless
        83 3 CIVIL servants have been chastised for being "heartless" during parliamentary debates on Singapore's high business costs. "It is not that they are heartless," the IFER workgroup on costs says. Some policies were drawn up in Singapore's early days, and the civil servants remain bound by the
        83 words
    • Article
      Lock icon Call to set up independent panel to monitor GLCs
      469 3  -  Byl Siow Li Sen AN independent review committee should be set up to prevent more govern-ment-linked companies (GLCs) from being formed unless absolutely necessary and also to serve as a check on the directors and their performance, said the group studying
      469 words
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      Lock icon Page 3 Advertisements Column 1
      36 3 .>* i*. V vBPSLit jf ~fl Hp COMPANY Hugh Grant and Sandra Bullock do not like being pinned down. ONG SOH CHIN chats with the two stars in New York =IN Li fe I TOM() K HOW
      36 words
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      Lock icon Page 3 Advertisements Column 2
      32 3 ifoir&tk i Lianhe Zaobao I IAfter fa I I nine £*1 I years, I I an I I SingTel if I I share I I "stayers" I I winners sr I lasers?
      32 words
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      Lock icon Page 4 Advertisements Column 1
      578 4 C.A.T.S. Buy It. Sell It. Find It. ■dvertto* call toll-free 1800 289 8822 Email rrcrmlf-t.co^.M tH THE MATTER OF THE COMPAMES ACT (CHAPTER 50) AND W THE MATTER OF NASHCOPY PACIFIC PTE. LTD. (In Members Voluntary Liquidation) Al an Extraordinary General Meeting of the abovenamed Company duly convened and held
      578 words
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      571 4 W THE MATTER OF THE COMPAMES ACT (CHAPTER 50) AND M THE MATTER OF WYWY CREATIVE UFESTYLE PTE LTD (to Members' Voluntary Liquidation) At an Extraordinary General Meeting of the abovenamed Company duly convened and held at 101-A Upper Cross Street. #11-22 People's Part Centre. Singapore *****8 on Saturday, the
      571 words
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      Lock icon Page 4 Advertisements Column 3
      484 4 ASSETS FOR SALE BY LIQUIDATORS The following assets of a company are available for sale in closed tender on a "as is, where is" basts: Canon Photocopier, Mustek Scanner, HP2SOOC, Brother tax machine 770, phones, workstations, tracklights etc. Viewing strictly by appointments only. Interested parties, please contact Mr Kom Mam
      484 words
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      Lock icon Page 4 Advertisements Column 4
      322 4 N TVC MATTER OF THE COfcfKMES ACT (CAP 50) ANO IN THE MATTER OF HONTU MOUXHM PTK LTD (Ir Members Vbkrtary Uudahon) NOTKE OF FWM. MEETING MOTICf B HENUY WEN fiat pi/suant to Sec»on3oBattoeComparwsAd.Cap 50 aF«* Meeting o» members oI the abovenamed Company art be held at 101 Upper Crass
      322 words
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  • Article
    Lock icon STOCKS ASIA
    4447 5 Transaction date: Dec 20 for more, go to wwwnsiaonerimarketsjixmi HONGKONG HKRMI 003 756 Hong Kong Electric 3000 0JO 2922 AJahir.OT.ai nm Hon 9 k <*igChinese. .0.60 0.01 400 22? Hongkong Chinese Ltd .0.60 0.01 400 AnandaWngC** 0.01 unch ***** Hopewd Holdings .5.30 0.10 677 H 1 IS ,£S
    4,447 words
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  • Page 6 Advertisements
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      Lock icon Page 6 Advertisements Column 1
      48 6 —me puncc iu uunvey uie inai- local partner. Bloomberg, AFP < I Iwmmmmmtmamrnrnm In today s highly competitive business world, key decision-makers need business intelligence to make better decisions not just snapshots THF Rl NTIVFQQTTIIIFQ .f ~w. 7W v*y on Th. V*m> W. To oxdo»»* mKr ra XZ .'!!^E
      48 words
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  • Article, Illustration
    Lock icon FINANCE
    967 7 Transaction date: Dec 20 AM«e Mam las >a «r Start i-3« Long >3n DITHRBAMX CROSS KATES —mm tw 1 wo» vm mm m m m«» n- «s —i sir mm Hmt m 027T AM US 44K ZfM ***** 0205 6222 2.62 1295 33.109 30.379 0.967 5.096 0207 19.734 HJM
    967 words
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  • Article
    Lock icon UNIT TRUSTS & FUNDS
    3024 8 UNIT TRUSTS FUNDS CMamMMMil Com Global Finance Ir3ei Fd 0.72» am Aan im (r».| Com Global Lifestyle Index Fd 0 81% 0586/ Com Global Health Index F<l 0.768/ Com Global Telecom Index fd 041/ Ste Europe Bal 0 83* Com Global mfctec Index Fd!" 0267/ Star Asian Tiqer Eotv 067/
    3,024 words
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  • Article
    Lock icon BT SHARE INFORMATION SERVICE
    1726 10 for week beginning Dec 16 Man m 0«l» IT IT TT IT fwnay Omt gmj tort W Air Ocean 19-Dac I 3 058 1785 0.72 0.47 AmlefcEngg 27-Ncw 0110.729 6515 546 358 AMtrMai.Com 1M)k P 1.54S 1.150 0.99 OlM ASJ HWgs 2tNcw 034.944 4.889 3 55
    1,726 words
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  • in the money
    • Article
      Lock icon Options vigilantes strike
      840 11  -  The accounting reformers represented the first wave of attacks; now money managers are besieging companies that issue executive options By] Robert Lenzner TO the guardians of accounting principles, the best cure for wanton stock-options grants, which made billions of dollars for insiders before the market came crashing
      840 words
  • Article
    Lock icon SGX MAINBOARD
    3490 11 Transaction date: Dec 20 for live prices, log on to wu n 'usiaonenia rkets£om hmTL t -P** U»IQ»o«« GrfMv Dtv GrYld MM MCjp Wgfc law C»«n«> itt» w- com low 8ny«r nam Cw t W h ABNAmroNLG 56c 9 12 14 1*11 20.5 9 ACE Dynam»cs20c §3 8
    3,490 words
  • Article
    Lock icon SGX XTRANET
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    51 words
  • Article
    Lock icon SGX SESDAQ
    1082 11 m2£"u» r £5 J. JJi ?*> <-«• W» OrYM Mm MCa £55ea rum N» u». tw. M, CV W >3 125 ABRHIdgsSc 11 2 £2g«. ~m T S \l 2 si 5 'V s 15 is S3 "J as., i. z •>, 23 75 AsunMcroSt 10 7 ,05
    1,082 words
  • Article
    Lock icon CLOB INTERNATIONAL
    327 11 1 Iff On LmJOooH GrOv OM GrVM Mat MCjb W» I— ri■pill) M, w- r—1 WN» I— *»yr Sa»«r Cw Ht jS IIS 80 AVJ*nrongs A25c A93 *1 192 93-5 92 93 93 5 40 3.4 10.8 S.4 2002 Cathay fcK 2©C__ HK720 265 2.1 7.4 6 *****2
    327 words
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  • motoring
    • Article, Illustration
      Lock icon RUBBER BULLETS
      1101 12  -  High-speed lyres don't have to be for high-speed cars only. A good set of tyres will make driving safer and more fun, whether you're going fast or not says SAMUEL EE SAMUEL EE They're black and round and not something a lot of people pay attention to. But
      1,101 words
  • Article
    Lock icon KLSE
    2259 12 Transaction date: Dec 20 H KUALA LUMPUR Eraser* weave 352 020 4 Vo) FS8M 1.75 0.15 5 MM w- rooo) FWIndustnes .016 unch 0 Gadano .0.90 unch 0 ASM Realty .0.82 0.01 2 Gamudb 540 inch 264 Abnc 0.98 unch 25 GanadCoip .0.70 0.01 t ACP Industries 2.99 -0.01
    2,259 words
  • Article
    Lock icon SGX
    715 12 Transaction date: Dec 20 o—» WKin t o— amm C»c 079 3 060 -0120 NMStMl SOc 0 49 2*70 Cap<ttLand 109 1.060 OOC 977 9.500 <1,150 046 0760 0*25 OUI 0 54 5*50 *0100 OtyDev SOc 195 4.160 -0060 Parkway H 25c 0 38 0.750 Crm»hm12it 0 70 *****
    715 words
  • Article
    Lock icon BONDS & WARRANTS
    504 12 BONDS WARRANTS IM M Cw (w fear E 3SZ «•>- cm mb mi AST1W*****1 17.5 1 16 168 0.71 18 Acn* ltd VW>***** 13 1 50 636 4 67 23 Amtr* W0S06W 71 1 33 2 144 30 Armrtrong W*****0 1.5 1 10 109 357 17 B*6SSA*****1 10k 104 Bar
    504 words
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  • style
    • Article, Illustration
      Lock icon Driven up the wall
      1124 13  -  Former ad executive Sherlin Ong tells CORINNE KERK how she hit upon the idea of using large format prints as wall coverings for the home CORINNE KERK SHE'S too shy to reveal her exact age ("mid-20s"), and struggles to answer a question because too many people
      ARTHUR LEE  -  1,124 words
  • Page 13 Advertisements
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      Lock icon Page 13 Advertisements Column 1
      981 13 wine&dine with weekendßT ttßt-49/vt ftorth IndianMsine at^this iuniquely styled restaurant.™ a main course and altyoucarwjat salad buffet. Or try weekday set lunch menu at only $22.80. tJi kflw ma* Rwerwalk. Jan 15, purchase one Himalayan Executive Set (usual the special promotion of US beef. Available for a e ■MMMMgHetg Phce
      981 words
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  • shopping
    • Article, Illustration
      Lock icon Be a sport
      818 14  -  get VEN SREENIVASAN driv lofts, various flex-type shafts and weighs just 290g. Retailing at Pan West at $1,004.25. Irons Ping 13+ Irons Ping, often dubbed the 'BMW of golf clubs', has just launched an improved version of its widely acclaimed i 3 irons. The new clubs feature
      PHOTOS BY ARTHUR LEE EXCEPT NIKE BAG  -  818 words
    • IN STORE
      • Article, Illustration
        Lock icon Slip into luxury
        51 14 What's new in the stores It's Prada, and it's on sale, so what more do you want? The Italian made, full leather casual sandals fit the bill for the man looking for understated luxury. Costing $480 (before the 30 per cent discount), it's available at Prada, Palais
        51 words
      • Article, Illustration
        Lock icon Airy alternative
        55 14 It's four days to Christmas and you haven't got that Christmas tree up yet. Don't despair for here's an instant solution: an inflatable Christmas tree. The plastic tree stands 1.2 m tall when fully inflated and strikes a cheery pose with its silver coating. Costing $25.99, it's available
        55 words
      • Article, Illustration
        Lock icon Smells of yuletide
        71 14 Need a Christmas gift that looks good and smells good? Try these velvet scented sachets, which come in pretty little pillows. A typical old English concept, the sachets work very well with just a few drops of scented oil. Each sachet costs $10 (only green and maroon)
        71 words
      • Article, Illustration
        Lock icon Time to be different
        54 14 Here's what happens when creative minds have time on their hands: handmade clocks that not only tell the time but speak volumes of your arty taste. Imported From Thailand, their sizes range from 15cm by 15cm ($22.90) to 60cm by 60cm ($159). Available at Just Crafts
        54 words
      • Article, Illustration
        Lock icon Purple penchant
        63 14 Here's something that can take you from casual daywear to the glitz and glamour of the night, quite effortlessly. Part of Aspial's Purple Bliss collection (including a dazzling ring), the pendant features accentuated curves that complement its floral disposition. Made from the company's signature purple gold, it costs
        63 words
      • Article
        Lock icon Events
        407 14 Junction 8: Monstrous Sale late night shopping: $1 golden buy. A carton of Pepsi (24 cans) at $1 with any purchase at a Junction 8 (J8) outlet. 6pm to midnight tonight, at the atrium. Level 2 (Terms conditions apply). $2 midnight supper buffet with any purchase at J8 (midnight
        407 words
  • Page 14 Miscellaneous
    • Miscellaneous
      Lock icon Page 14 Miscellaneous Column 1
      100 14 CKVFTIC CROSSWORD across (11) region (4) 1 Adds up everything in bonds heart (3) 9 9 Si. nr. aftor 9 chArt i,mo u,ith YESTERDAY-*; oni imnw Adorable, 22 Oops. 25 Breeze. 26 9 Gist, 14 Mandarine 16 Denwent, hn!,nL! YESTERDAYS SOLUTION Take off, 27 Unity. 28 Kidnapped 18ShocJung, 19Beatnik,21 Beet.23
      100 words
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  • art/travel
    • Article, Illustration
      Lock icon Soft touch
      942 15  -  Romanian-born artist Delia Prvacki's ceramic works on tiles and necklaces show an exquisite style in lustre and colours. PARVATHINAYAR takes a look PARVATHI NAYAR Ceramic artist Delia Prvacki's first solo exhibition of jewellery and ornamental tiles is well titled. For Delicate is a show filled with finespun passages
      942 words
    • Article
      Lock icon ART beat
      306 15  -  A weekly roundup of events Compiled by i AARON LYE Insider view For the National University of Singapore Museums, acquiring Malaysian artist Nur Hanim bte Mohamed Khairuddin's For Whom The Bell Tolls marks something of a change in direction not only is it the first work made out
      306 words
    • Article, Illustration
      Lock icon Confessions of a stamp collector
      835 15  -  vijay verghese I USED to think the Bible was the most widely read book in the world second only to Harry Potter or the Sports Illustrated annual bikini blockbuster. That's the one crammed with scientific pictures that prove a foot of string is enough to
      835 words
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  • what's in style
    • Article, Illustration
      Lock icon Buying on the run
      1097 16  -  Every year, we swear we'd never, ever, leave our Christmas shopping to the last minute again. But hey, if s a fact of life that first we've got to work to earn the dough, and then we have something to spend with. And of course, if
      1,097 words
    • Article, Illustration
      Lock icon Forget Santa, call the courier
      491 16  -  Byi Corinne Kerk SO. you survived the last minute shopping madness and managed to grab the presents you needed to buy. And then you realise that with Christmas being an awkward middle-of-the-week affair this year, you simply can't fit every party and get-together into one
      AFP  -  491 words
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