The Business Times, 4 January 2003

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Total Pages: 18
1 18 The Business Times
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  • Title Section
    Lock icon Masthead
    16 1 THE BUSINESS TIMES S I N G A P O JANUARY 4 5. 2003 MITA(P) 010/03/2002
    16 words
  • Article
    Lock icon Plan for joint S'pore, Thai airline mooted
    475 1  -  Chok Tong and Thaksin to discuss idea, says Thai foreign minister Byi Andrea Tan in Singapore, Hariah Mehta in Bangkok A proposal has been put forward for a joint Thai-Singa-pore airline that will be based in Chiang Mai and fly to destinations in
    475 words
  • Article
    Lock icon Sassoon takeover may herald new wave of broking mergers
    921 1  -  With trading in the dumps, sector is ripe for consolidation By I Serena Ng, Michelle Quah [SINGAPORE] UOB Kay Hian's takeover of JM Sas soon's broking business could mark the start of a second wave of consolidation in the industry. But
    921 words
  • Article, Illustration
    Lock icon Let it snow
    50 1 AFP [SEOUL] A couple walking past a snowman built by policemen and dressed in a police jacket in Seoul yesterday. The South Korean capital suffered its heaviest snowfall of the winter season with sudden short snowstorms gripping the city streets and catching pedestrians by surprise. AFP AFP
    AFP  -  50 words
  • Article
    Lock icon Brokers offer tips for confused NatSteel minority shareholders
    683 1  -  Advice on locking in of profits and withdrawal from acceptance of offer By' Ven Sreenivasan, Andrea Tan [SINGAPORE] NatSteel's minority shareholders who want to lock in their profits should be selling their shares in the market instead of accepting 98 Holdings' offer
    683 words
  • Article, Illustration
    Lock icon S'pore stock brokers—all is not lost
    608 1  - S'pore stock brokers —all is not lost SATURDAY SOAPBOX wong wei kong WILL the stockbroker become extinct? Not too long ago, few would have thought to ask this question. There was a time when everyone and his grandmother wanted to be a stockbroker. That was during the great bull run
    608 words
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  • in the news
    • Article, Illustration
      Lock icon 'Call warrant' theory resurfacing?
      665 2  -  MARKET REVIEW r sivanithy HISTORY has an odd way of repeating itself. Consider, for instance that the Straits Times Index rose sharply a year ago on the second trading day of the New Year just as it did yesterday. This time, however, it fell back equally
      665 words
    • Article
      Lock icon MARKETS
      66 2 □«n M39.S3 (+3.95) tl MDEX FUTURES 1,343.00 (+6.00) mm MMSC1 FUTURES UlM40(+0.30) Krklny CtunKf KL8EOHIP KOiiu »1jK7 MKKKISS -l*U« HA.Mi.SKMi SET INDEX *725 .5,71 JAKARTA (WOT .4*751 101 MANILA CUM' .IJHLS0 >1M TAIPEI WPI ilM«_ 1*11 45 SHMLUW «***** -2SW SHENZHEN B 180 IS AIIHTALLOKD l«S 7fl 60 »HBAV
      66 words
    • Article
      Lock icon FINANCE
      64 2 KMKX RATES US$ II 1744 S(USfrSS prr 1) UM 177H EIHOjlISS/Sl'E) IB* 1*17 YB* IflMI KM *.HUU £179 IIKS 7.7W 4472 KAHT 4303 8487 NT If AH HJW5 ft. HIT. PRIME RATES SINGAPORE* 515 M:ALA ujmpiir 6.40 HONGKONG 5 (MM) JAKARTA 39.00 TAIPEI 6500 TOKYO 1175 SEOI'L 9.55 LONDON
      64 words
    • Article, Illustration
      Lock icon S'pore residential market seen recovering only in H2
      911 2  -  But final ERC report due next month may swing home-buying sentiment, say analysts By' Vince Chong [SINGAPORE] Looking ahead into the new year, property analysts expect any recovery in the residential property market to come only in the second half-year. But with
      911 words
    • Article
      Lock icon UOB a front-runner in race for Fujian Industrial Bank stake
      491 2  -  It is also in talks to invest in other Chinese banks By, Angela Tan [SINGAPORE] United Overseas Bank is said to be among the front-runners vying for a stake of up to 25 per cent in China's 12th-largest commercial bank,
      491 words
    • Article
      Lock icon ECICS sells 28.9% stake in Int'l Factors
      510 3  -  Phillip Capital pays $15.5 million or 52 cents a share for stake Byl Angela Tan TEMASEK Holdings' 88 per cent-owned ECICS Holdings has sold a 28.94 per cent stake in International Factors Singapore Ltd (IFS) to Phillip Capital Pte Ltd for $15.5 million.
      510 words
    • Article
      Lock icon ITG branches into biotech; buys China firm for $27.7m
      138 3 SINGAPORE-BASED Internet Technology Group Ltd announced yesterday a plan to buy Chinese biotechnology firm for $27.7 million via the issuance of new shares. ITG, a unit of sports gear and apparel firm Ossia International Ltd, said it would issue 307.73 million
      138 words
    • inbrief
    • Article, Illustration
      Lock icon CPG and Parkway units in management joint venture
      465 3  -  Byi Vince Chong CPG CORPORATION and Parkway Group Healthcare (PGH) signed a pact yesterday to form a management joint venture to exploit the region's growing healthcare market. The venture between CPG subsidiary CPG Facilities Management (CPG FM) and Parkway unit Gleneagles Technologies
      CHRIS LOH  -  465 words
    • Article
      Lock icon Parent sells 10% stake in Nobel Design for $1.3m
      167 3 LOSS-MAKING Nobel Design Holdings' parent JBT Investment has sold 10 per cent of the firm to a group of five individuals for about $1.32 million. The sale has pared JBT's stake in Nobel from 50.45 per cent to 40.45 per cent.
      167 words
    • Article, Illustration
      Lock icon Temasek may sell off CPG Corp by March
      485 3  -  The number of bidders or offer prices have not been revealed By} Vince Chong GOVERNMENT-linked CPG Corporation could be in private hands by the end of March, with parent Temasek Holdings looking to whittle down potential suitors as bidding progresses. Suitors include
      CHRIS LOH  -  485 words
    • Article, Illustration
      Lock icon Profit warning from NH Ceramics
      338 4  -  It may post interim loss because of the continued downturn in the construction sector By Andrea Tan NH Ceramics is the latest to have joined the recent slew of listed companies making profit warnings. Hurt by the continued downturn in the construction sector, NH Ceramics
      ARTHUR LEE  -  338 words
    • Article
      Lock icon VDH gives details on its white knight
      436 4  -  But there is no mention about the people behind Goldwater Byl Michelle Quah VAN der Horst (VDH) Limited, the debtridden former infrastructure play in the midst of a reverse takeover, has released more details on its white knight Goldwater Company, including the dollar
      436 words
    • Article
      Lock icon China Aviation Oil cancels jet A-1 purchase tender
      177 4 Reuters SINGAPORE-BASED China Aviation Oil has cancelled a tender to buy about 60,000 tonnes of jet A-l for secondhalf January delivery, traders said on yesterday. They said the tender sought 19,000-20,000 tonnes of jet A-l for delivery to Pudong between Jan 21-25,
      Reuters  -  177 words
    • Article, Illustration
      Lock icon DBS Asset Mgt targets retail investors with two hedge funds
      357 4 Reuters SINGAPORE'S DBS Asset Management plans to launch two funds of hedge funds to retail investors in the coming months to take advantage of the newly relaxed minimum subscription rules. DBS Asset Management already has $5.6 billion in funds under
      Reuters; ST FILE PHOTO  -  357 words
    • Article, Illustration
      Lock icon ST Engg FY2002 consensus profit seen at $337m
      534 5  -  Poll off 7 brokers projects growth to range from being flat to minus 10% By David Boey DEFENCE giant Singapore Technologies Engineering is unveiling its full-year performance on Tuesday, kicking off the Singapore corporate results season for firms with a December year-end.
      FILE PHOTO; Source: Bloomberg  -  534 words
    • Article, Illustration
      Lock icon Accumulation of stocks causing concern
      335 5  -  EYE ON THE ECONOMY By Anna Teo THERE'S one uptrend among the purchasing managers' indices that doesn't necessarily spell good news: the recent build-up in stocks of finished goods could be more a matter of concern than cheer. Stocks of the finished goods sub-index one
      Source: SIPMM  -  335 words
    • Article
      Lock icon POSB cuts home loan rates
      517 5  -  By i Catherine Ong POSB fired another shot in the $15 billion battle for Housing and Development Board loans yesterday cutting its third and subsequent years' rate and offering a first-year special deal of 1.75 per cent. The mortgage arm of DBS Bank was reacting
      517 words
    • INBRIEF
      • Article
        Lock icon 4,560 COEs up for grabs from Monday
        87 5 THE year's first open tender for vehicle entitlements will have a quota 0f4,560. It will open at 12 noon on Jan 6 and close at 4pm on Jan 8. There are a total of 1.342 certificates of entitlement (COEs) for category A for
        87 words
      • Article
        Lock icon Raymond Lim to visit Hyderabad
        76 5 MINISTER of State for Trade and Industry and Foreign Affairs Raymond Lim will visit Hyderabad in India from Jan 5 to 7. He will attend the Partnership Summit 2003 organised by the Confederation of Indian Industry (CII). Mr Lim will meet Andhra Pradesh Chief Minister
        76 words
      • Article
        Lock icon Hiap Hoe's Whampoa project units on sale
        43 5 HIAP Hoe Group will release its 76-unit Moonstone Residences in the Whampoa area this weekend. Phase One of the freehold project, comprising 48 units, will be priced at from $554 per square foot to $677 psf.
        43 words
      • Article
        Lock icon UOB first ISO-certified local bank
        51 5 UNITED Overseas Bank (UOB) has become the first Singapore-based bank to have its operations meet the requirements of the ISO 9001:2000 standards. UOB said its entire operations sector received ISO certification from PSB Certification Pte Ltd, for having in place quality management systems for its
        51 words
    • Article
      Lock icon Lorong Chuan site expected to fetch $6m
      190 5 A SMALLISH freehold bungalow site off Lorong Chuan is up for tender and expected to fetch about $6 million. At this price, the land cost for the 22,188 sq ft Dunsfold Drive site works out to about $270 per sq ft, compared with
      190 words
    • Article
      Lock icon PUB to award first desalination deal in Jan
      456 5 Announcement delayed by'highly competitive'bids Reuters SINGAPORE'S Public Utilities Board (PUB) said yesterday it will award a contract to build the country's first seawater desalination project, worth an estimated $250 million, by the end of January. The project to supply 30 million gallons
      Reuters  -  456 words
    • Article
      Lock icon M'sia to rate banks to improve standards
      239 6 AFP [KUALA LUMPUR] Malaysia will begin rating banks on their customer service in a bid to push them to improve standards and boost competitiveness, a report said yesterday. The Service Quality Index, to be introduced this year, will encourage more competitive pricing for
      AFP  -  239 words
    • Article, Illustration
      Lock icon HK wants Tung to spell out economic agenda
      757 6 Wednesday's speech may have some morale-boosting measures but few concrete details Reuters [HONG KONG] Olivia Lo, a mother and bank clerk, still shudders when she recalls the time she lost her job in 1999 and the several months she spent unemployed. Now
      Reuters  -  757 words
    • Article
      Lock icon Malaysia's exports up 9.9% in Nov
      368 6 AFP [KUALA LUMPUR] Malaysia's exports rose less than expected in November as sales of computer chips by Malaysian Pacific Industries Bhd and other chip assemblers to the US, the country's biggest oVerseas market, stayed soft. Exports rose 9.9 per cent to RM31.1 billion (5514.27
      AFP  -  368 words
    • Article
      Lock icon US customs rules could hit HK shipping
      510 6 Delays could cost industry millions of dollars AFP [HONG KONG] As Hong Kong's shipping industry struggles to meet strict new US customs regulations, agreed as part of a global drive to guard against a possible maritime terror attack, the delays could cost the
      AFP  -  510 words
    • Article
      Lock icon Pedra Branca: KL to consider dates S'pore proposed
      221 6 [PUTRAJAYA] Malaysia will consider the date of Jan 27 or 28 which Singapore has proposed for signing the Special Agreement to bring their dispute over Pedra Branca to the International Court of Justice, Foreign Minister Syed Hamid Albar said yesterday. He said
      221 words
    • Article
      Lock icon Venture capital a scarce commodity in China
      600 6 Just USs4lBm available last year and initial interest often fizzles out Reuters [GUANGZHOU, China] Yin Yuling, a 42-year-old Princeton graduate with a doctorate in chemical engineering, had a great business idea and a financial backer lined up to bring the plan to market
      Reuters  -  600 words
    • NOTEBOOK
      • Article
        Lock icon Daim won't contest parlimentary seat
        61 6 Bernama [SUNGAIPETANI, Malaysia] Former Malaysian finance minister Daim Zalnuddin yesterday reiterated his decision to vacate the Merbok parliamentary seat and make way for the younger generation. "I have already decided not to contest or defend my seat in the forthcoming elections to make way for
        Bernama  -  61 words
      • Article
        Lock icon Indonesia's tourist arrivals down 21%
        62 6 Reuters I JAKARTA] Foreign tourist arrivals in Indonesia fell 21 per cent to 239,774 in November against 304,806 in October, the month when devastating bomb blasts hit the country's main tourist resort island of Bali. Foreign tourist arrivals in Bali alone fell almost 60 per
        Reuters  -  62 words
      • Article
        Lock icon Fall of 27% in HK property sales
        76 6 Bloomberg [HONG KONG] Hong Kong property sales, mainly of apartments, fell 27 per cent in December from a year ago to HKII3 billion (552.9 billion), the government's Land Registry said in a statement. Sales of residential, office and factory units dropped 20 per
        Bloomberg  -  76 words
      • Article
        Lock icon Mizuho to expand operations in China
        66 6 AFP [TOKYO] Japanese mega banks under Mizuho Holdings Inc are planning to expand their operations in China as many Japanese firms move into the market, a news report said yesterday. Mizuho Bank and Mizuho Corporate Bank are preparing special loan facilities totalling 200 billion
        AFP  -  66 words
      • Article
        Lock icon CIMB to start trading on Jan 8
        79 6 Reuters [KUALA LUMPUR] Malaysia's top investment bank, Commerce International Merchant Bankers Bhd (CIMB), said yesterday it will list on Wednesday after its RM227 million (Sslo4 million) initial public offering. CIMB, which has a paid-up capital of 850 million shares, said its stock will
        Reuters  -  79 words
      • Article
        Lock icon Passenger car demand set to rise in China
        63 6 Bloomberg [SHANGHAI] China's demand for passenger cars is expected to increase 24 per cent in 2003, as rising incomes and simplified loan procedures draw households to buying cars, according to a government think-tank forecast. Passenger car sales are forecast to reach 1.45
        Bloomberg  -  63 words
      • Article
        Lock icon Country Heights stock sale delayed
        73 6 Bloomberg [KUALA LUMPUR] Country Heights Holdings Bhd said a stock market slump has delayed its plan to sell new stock and part of one of Asia's biggest hotels, and that it is seeking more time to meet its bond payments. The Malaysian property developer had
        Bloomberg  -  73 words
    • Article, Illustration
      Lock icon Lotus plans to sell cars in US from 2004
      173 6 AFP [KUALA LUMPUR] Perusahaan Otomobil Nasional Bhd's sports car unit, Lotus Group International Ltd, plans to sell its vehicles in the US from 2004 to broaden its customer base and boost earnings. "America's a big market. the No 1 world economy,"
      AFP; AP  -  173 words
    • Article
      Lock icon Henderson Invst shares fall after buyout fails
      460 7 Shareholders reject parent's HKss.6Bb buyout offer as too low Bloomberg [HONG KONG] Henderson Investment Ltd shares fell 14 per cent yesterday, their biggest one-day decline in three years, after shareholders rejected a HKSS.6B billion (551.27 million) buyout offer from parent Henderson Land Development
      Bloomberg  -  460 words
    • Article
      Lock icon Chunghwa staff rally round chairman
      355 7 Move follows reports Taipei may dump him in political move Bloomberg [TAIPEI] Chunghwa Telecom Co workers held a rally in support of chairman Mao Chi-kuo, following reports he's about to be dumped by the Taiwan government in favour of someone closer to the ruling Democratic
      Bloomberg  -  355 words
    • Article, Illustration
      Lock icon India maps its resources in bid to curb bio-piracy
      316 7 AP [BANGALORE] India has created a map of its biological resources such as medicinal plants and rare animals to protect them from being pirated, said a scientist attending the nation's annual science congress that opened yesterday. K Kasturirangan, chairman of the
      AP; AFP  -  316 words
    • Article, Illustration
      Lock icon Li Ka-shing bought HK$1b of Cheung Kong stock in '02
      448 7 But His purchases didn't halt a decline in the stock Bloomberg [HONG KONG] Li Ka-shing, Asia's richest businessman, acquired almost HK$l billion (***** million) of extra shares last year in his flagship Hong Kong developer, Cheung Kong (Holdings). Mr Li
      Bloomberg; BLOOMBERG FILE PHOTO  -  448 words
    • Article, Illustration
      Lock icon Hu tells partymen to resist the lure of money
      628 7 Analysts say speech is aimed at reviving the party's image Reuters [BEIJING] China's Communist Party chief Hu Jintao has urged the party's 65 million members to live a simple life and work hard and avoid the temptation of indulgences such as
      Reuters; AFP FILE PHOTO  -  628 words
    • Article
      Lock icon Ex-Japan Asia M&A fell 21.6% in 2002
      181 7 Reuters [HONG KONG] Mergers and acquisition (M&A) deals completed in Asia outside Japan shrank 21.6 per cent to U5572.6 billion in 2002 from U5592.7 billion in 2001, Thomson Financial said here yesterday. The total number of announced M&A transactions in the region fell
      Reuters  -  181 words
    • Article
      Lock icon Hopewell's Wu sells shares to son, plans to step down
      252 7 Bloomberg [HONG KONG] Gordon Wu, who built the first overseasinvested toll road in China, sold 12 million Hopewell Holdings Ltd shares to his son, as he prepares to retire from the construction contractor he founded three decades ago. Mr Wu's
      Bloomberg  -  252 words
    • Article
      Lock icon EVA eyes Shanghai charter deal
      347 7 [TAIPEI] EVA Airways Corp, Taiwan's sec-ond-largest carrier, said yesterday that it has applied to China for an indirect charter service for Chinese New Year travellers flights that the airline industry hopes will help end a five-decade ban on direct air traffic with the mainland. In
      347 words
    • Article, Illustration
      Lock icon Bush to unveil stimulus plan soon
      726 8 Price tag on the new, enlarged White House package could ran as high as USs6oob over 10 years LAT-WP [CRAWFORD, Texas] US President George W Bush pledged on Thursday to unveil an economic stimulus plan next week that sources said will be twice the
      LAT-WP; REUTERS  -  726 words
    • Article
      Lock icon US instruction spending in Nov up 0.3% to US$843b
      380 8 LATEST US INDICATORS Bloomberg, Reuters (WASHINGTON) US construction spending rose more than expected in November, the third straight increase, as low mortgage rates fueled demand for new houses, government figures showed. Spending increased 0.3 per cent to U*****.2 billion after rising
      Bloomberg,; Reuters  -  380 words
    • Article, Illustration
      Lock icon Chavez seeks help from foreign nations
      420 8 AP, Reuters [BRASILIA, Brazil] Venezuelan President Hugo Chavez on Thursday announced a plan to involve European and Latin American countries in solving the economic and political turmoil that has paralysed his country and roiled international oil markets. Mr Chavez, who faces a month-long strike
      AP,; Reuters; AP  -  420 words
    • Article
      Lock icon 2003 IT buying may not pick up
      427 8 Survey shows tech firms expect decline in spending Reuters [NEW YORK] Technology companies heartened by forecasts that US corporations would soon loosen their tight budgets for hardware and software purchases should instead brace for another drop in spending in this year, a survey
      Reuters  -  427 words
    • Article
      Lock icon US stocks start off year with a bang
      546 8 Dow ends Thursday up 266 y Nasdaq notches best-ever Ist day gain NYT [ATLANTA] Like a coiled spring released, stocks shot higher on Thursday in the first trading session of the new year. The Dow Jones Industrial Average rose 266 points. All
      NYT  -  546 words
    • Article
      Lock icon Japan business leaders take dim view of economy
      462 8 Reuters, AFP [TOKYO) Over 90 per cent of Japanese business leaders have a negative view of the economy, according to a poll published by Kyodo news agency yesterday. Among 100 presidents of major Japanese companies surveyed by the agency in December, 77
      Reuters,; AFP  -  462 words
    • WORLDWATCH
      • Article
        Lock icon Air NZ confirms first share issue to Qantas
        82 8 Reuters [WELLINGTON] Air New Zealand Ltd said yesterday it had issued Qantas Airways Ltd 220.8 million redeemable convertible notes on Dec 31 as part of a plan which will see the Australian carrier take a cornerstone stake in Air NZ. The notes
        Reuters  -  82 words
      • Article
        Lock icon Eurozone Dec inflation steady at 2.2%
        52 8 Reuters [BRUSSELS] Eurozone December inflation was steady at 2.2 per cent year on year, European Union statistics agency Eurostat said yesterday, although economists and the European Central Bank see it heading lower in 2003. The estimate was slightly below economists' forecasts of 2.3 per
        Reuters  -  52 words
      • Article
        Lock icon Capital flows into eurazone up in Oct
        57 8 Reuters [FRANKFURT] Capital inflows into the eurozone increased in October, European Central Bank (ECB) data showed yesterday. Combined net direct and portfolio investment showed an inflow of 14.4 billion euros (Ss26 billion) in October after inflows of 12.4 billion euros in September, the
        Reuters  -  57 words
      • Article
        Lock icon US money funds suffered outflows in 2002
        88 8 Reuters [NEW YORK] US money market mutual funds last year suffered their first net cash outflows since 1983, a company that tracks the funds said on Thursday. Peter Crane, vice-president and managing editor of iMoneyNet Inc of Westborough, Massachusetts, said the funds lost
        Reuters  -  88 words
      • Article
        Lock icon Bush to propose changes in Medicare
        45 8 Reuters [NEW YORK] US President George W Bush will propose long-term changes in Medicare later this month when he urges the US Congress to provide prescription drug benefits for the elderly, The New York Times reported on Thursday. Reuters
        Reuters  -  45 words
      • Article
        Lock icon Sony, Phillips acquire 93% of InterTrust
        99 8 Bloomberg [AMSTERDAM] Sony Corp, Royal Philips Electronics NV and other investors said they acquired about 93 per cent of Inter Trust Technologies Corp in a US$453 million cash offer for the US software maker that ended yesterday. Fidelio Acquisition Co, a buyout firm also
        Bloomberg  -  99 words
    • Article
      Lock icon Crackdown on structured finance sought
      482 9 ENRON FALLOUTS Senate panel cites deceptive Enron deals aided by big banks Reuters [WASHINGTON] A US Senate panel on Thursday called for a crackdown on tax and accounting deals like those it labelled as deceptive in probes of Enron Corp, JP Morgan Chase, Citigroup and
      Reuters  -  482 words
    • Article
      Lock icon JP Morgan settles case with insurance firms
      253 9 Partial victoiy for bank, which insurers will pay USssBom NYT JP Morgan Chase announced on Thursday that it would receive about US$5BO million from insurance companies as part of a settlement resolving one of the most contentious disputes sparked by Enron's collapse. The
      NYT  -  253 words
    • Article, Illustration
      Lock icon Senate report clears Rubin of improper conduct
      419 9 NYT [WASHINGTON] A report by the staff of a Senate panel has concluded that Robert E Rubin "did not act contrary to law" in the weeks before Enron collapsed by suggesting to the Under-Secretary of the Treasury that he urge major credit-rating agencies
      NYT  -  419 words
    • Article, Illustration
      Lock icon Album sales slump 8.8% in 2002; Vivendi sells most
      284 9 Bloomberg [LOS ANGELES] Music industry sales slumped for the second year last year. Sales of compact discs fell more steeply by 8.8 per cent to 649.5 million, after falling 2.8 per cent previous year, according to Nielsen Sound Scan, which tracks
      Bloomberg  -  284 words
    • Article
      Lock icon GE Capital to give more financing to US Airways
      275 9 NYT [NEW YORK] US Airways and the financial arm of General Electric have reached a settlement in which GE Capital has agreed to provide additional financing for US Airways in exchange for a small equity stake in the airline. The two
      NYT  -  275 words
    • Article, Illustration
      Lock icon Democrat hopefuls take shot at US presidency
      933 10 Dick Gephardt off Missouri, Joseph Lieberaian of Connecticut and Senate Democratic leader Tom Daschle expected to join latest entrant John Edwards in the race AP, NYT [WASHINGTON] The Democratic field for the US presidency swelled with the entrance of North Carolina Senator John
      AP,; NYT; AP FILE PHOTO  -  933 words
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      Lock icon Page 2 Advertisements Column 1
      150 2 Event of the year results IN a Christmas Day contest, BT asked readers to pick the news event that had the greatest impact on the global economy in 2002. We listed three events: America's corporate scandals; fears of war in Iraq; and the threat of terrorism. Those whose choice matched
      150 words
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      Lock icon Page 3 Advertisements Column 1
      19 3 ,i jfe CLjAgkj||lMJ| LuyM J Mil liwin WVlVilMivvwvw CHMM4IAAiMiIIiiaiAA Hiitf4MIAHIAI! iT«VK7ivqnmgiMß,nnoirwni«i q j In The Straits Times CkMflMed BHyitMitrMtt
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      Lock icon Page 3 Advertisements Column 2
      101 3 NOTE: Though heavily fjf /feMI 110 illustrated, the 4x4 GUIDE A S§ O BOOK 2003 is written (f AA Japanese. If you would Sir 0 &V-J v{)^.VS to order a copy, pleasM '■'< n l p| posta ge) contact your local country representative below. ImlMibmliii Ptawinisl Address 33Mosqw Street #03-00
      101 words
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      Lock icon Page 5 Advertisements Column 1
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      1,363 words
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  • Article, Illustration
    Lock icon FINANCE
    1079 9 Transaction date: Jan 3 Rates quoted by ABS arrnnAMi cross batbs tf 8 It hn **0» Yo« »a« *2$ Mil N» 8 M Hr Iff I* Hmt «S Antra** 0403 4472 0.543 4390. 27.02* 50.13) 0476 1738 2.139 1076 32.795 30.123 4902 4774 0.790 ***** ***** 0JS3 0443 CMKI
    Rates quoted by ABS  -  1,079 words
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  • Article
    Lock icon SGX MAINBOARD
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    Lock icon SGX XTRANET
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    Lock icon SGX SESDAQ
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    Lock icon CLOB INTERNATIONAL
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  • in focus
    • Article, Illustration
      Lock icon More power to liberalisation
      2137 11  -  Considerable benefits are accruing from the opening-up of the local energy market, says TANG WENG FAX TANG WENG FAI WITH the quiet liberalisation of the $2.2 bil-lion-a-year local energy market on Jan 1, the market has been opened up to accelerated full competition. What can companies
      FILE PHOTO; Source: Energy Market Company (EMC)  -  2,137 words
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  • in the money
    • Article, Illustration
      Lock icon New tax system may eat into dividend yield
      1537 12  -  SHOW ME THE MONEY Change to the one-tier system from Jan 1 will, however, reduce compliance and administrative costs for businesses teh hooi ling Shareholders who buy shares for dividends will have to contend with potentially lower yields following a change in
      1,537 words
    • Article
      Lock icon US dividend payouts get fatter
      731 12 7.5% more films announced increases but quantums still small NYT [NEW YORK] Dividend cheques are getting fatter for the first time in years. But by any historical standard, they remain quite small. The number of American companies announcing dividend increases rose by 7.5 per cent
      NYT  -  731 words
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      Lock icon Property counters are looking up
      555 13  -  Valuations looking attractive enough to encourage bottom-fishing, say analysts By Vince Chong Property stocks look set to begin building from the bottom, after major counters lost more than 50 per cent since 2002's peak in FebruaryMarch. Shares in the sector seemed to have oversold again,
      555 words
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      Lock icon When a lifetime habit starts paying off
      1478 13  -  A lesson in investing carefully, modestly and regularly, seeking to preserve wealth not riches By] Fred Barbash The author is the former Investing columnist for The Washington Post The Washington Post [WASHINGTON] Conventional financial planning advice has never made an impression on me
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  • Article
    Lock icon UNIT TRUSTS & FUNDS
    40 12 UNIT TRUSTS FUNDS LfGCNO: Alphas an indKatrMOUf* tor*;* E* MngaM AaMK Broader DtmnHtaA I Nwmwfy Focwd; lewer Wc Low Id MMtum dWk; Mtadhim «o M*: HWwr Rale opan-andadt Bafera MfadMaon or unHs Atar MbtfwWon oi unMs 9 star ■MWMMrihMrtMtai PrkKSS0.»15
    40 words
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  • Article
    Lock icon BT SHARE INFORMATION SERVICE
    1125 13 for week beginning Dec 30 Met earn EPS DM TV IT TV IT C—Pir mm (Sa) CM (ct» (ra) Addvatue Tech 23-Oec I 3.3151 153* 0.791 0 371. Air Ocean 19-Oec I 3.058 1.785 0.72 047 AS Auto 30-Dec I 23.741 0.177 18.1L 013 Aitatravei.Com 16
    1,125 words
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  • what's in style motoring
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      Lock icon Pump prices go up with GST hike
      70 14 CALTEX and BP have passed on the one per cent increase in GST to their customers. Prices at their petrol pumps have been adjusted upwards to reflect the change in the Goods and Services Tax from 3 per cent to 4 per cent.
      70 words
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      Lock icon Passing the crash test with honours
      70 14 THE Mercedes-Benz E-Class has been given top honours in standard crash tests conducted by the European New Car Assessment Programme (NCAP). The mid-sized German saloon won five NCAP stars for its excellent standard safety equipment. This includes adaptive airbags for driver and front-seat passenger
      70 words
    • Article
      Lock icon GM cruises into Chinese luxury market
      77 14 US car giant General Motors Corp has launched a new Buick sedan in China, the world's fastest-growing car market, to challenge competitors Audi, Volkswagen and Honda. Shanghai GM said the Regal sedan is the first medium to high-end car tailor-made for the Chinese consumer.
      77 words
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      Lock icon Partnership at the crossroads
      104 14  -  Compiled by! SAMUEL EE FORMULA One team Williams will decide this year if it is to continue its partnership with engine-builder BMW, team boss Frank Williams said in London earlier this week. The British-based team was chosen by BMW to help the German car manufacturer return
      AFP  -  104 words
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      Lock icon More class for your S
      987 14  -  Mercedes has unveiled a new S-Class model with revolutionary safety features. SAMUEL EE drives the 5350 SAMUEL EE JUST when you thought the Mercedes-Benz S-Class was floundering in the face of new competition from Audi, Volkswagen and BMW, what should come along but a new,
      987 words
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    Lock icon KLSE
    5 14 Transaction date: Jan 3
    5 words
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    Lock icon SGX
    735 14 Transaction date: Jan 3 ma—i 1 Owa a—I rn+mmm m Omt q—a CMC 041 UN *0340 NatM 50c 2370 *0310 CapiMUnd l.tt 1.130 *0340 OCBC MO M90 -0100 OwtMGondXt 037 ttB *0345 OUC OSS S390 *0.100 0*Da»90c 1JS *220 *0340 FwkweyHZSt 0J0 07«0 *OuOOS ctmMmtzk an ***** *cjoo sax
    735 words
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    Lock icon BONDS & WARRANTS
    403 14 BONDS WARRANTS nww i. UTIMMDI nt 1 M M 677 17 A0MUdVKM111* X as 5 1 M Mi IS a 74 2 24 1 H 1 V43 25 A>m*rengW040S20 IS 1 10 10# 3*7 1i Mr6%MmOitOk Ml Jnm «0 Miyww to iwiMiwaai i» i s hi u« CXWMMV 23 506
    403 words
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  • what's in style travel
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      Lock icon Land of the Rings
      1175 15 With the phenomenal success of the Lord of the Rings movies, tours and guides to the films' locations in New Zealand are sprouting up faster than you cansay'Frodo' AP SOARING in a single-engine Cessna over the snow-cov-ered crests and peaks of Fiordland National Park, Robert Rutherford
      AP  -  1,175 words
  • Page 15 Advertisements
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      332 15 wine&dine with weekendßT #01-187 Suntec City Tower 3,3 Temasek Boulevard. Tel. *****550 Its cosy ambience with soft lighting, contemporary setting and exemplary service makes Blue Ocean Bar Restaurant the ideal place to relax and dine. Experience a wide selection of Italian and Western cuisine at affordable prices. Al fresco dining
      332 words
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      Lock icon Page 15 Advertisements Column 2
      402 15 ordered with your Diners Club Card. Complimentary desserts limited to a maximum of six per table. No splitting of tabies and bills. Qraad Plaza Parinsyal 10 Coleman Street Tel: *****543 A la carte buffet lunch and dinner with 68 delectable Cantonese dishes prepared by our Hong Kong chefs at Hua
      402 words
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      Lock icon Page 15 Advertisements Column 3
      305 15 High Tea at $12.30+++. From 12 noon-2.30pm and 3pm-5.30pm Mud fin timiwf 333 Orchard Road. Tel: *****411 Dine on the famous Hainanese chicken rtoe at the Chatterbox coffeehouse. 120. Cantonment Road, #01-60, Maritime Home. TeL*****928 Enjoy weekend set lunches from $9.80+ with chotoe of a main course and aK-youcarveat salad
      305 words
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      Lock icon Page 15 Advertisements Column 4
      324 15 Established in 1971, the restaurant was also a finalist for the Best Ethnic Restaurant at World Gourmet Summit 2002 and was listed as one of the World's Best 100 New Restaurants in Conde Nast Traveler2ool. MvanMi Mmmlm RMtaorant SOMerchant Road #01-04 Riverside Point (opp Clark Quay) TeL*****383/*****590. Check out its
      324 words
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  • what's in style shopping
    • Article, Illustration
      Lock icon Risis renewed
      902 16  -  There's more to the brand than gold-plated orchids. CORINNE KERK finds that its new look and products are geared towards winning more fans CORINNE KERK IT was quite a phenomenon when it was first produced. Singapore's national flower the orchid 24K goldplated in a patented process that would
      902 words
    • IN STORE
      • Article
        Lock icon Almost alive
        2 16
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      • Article, Illustration
        Lock icon Step out in style
        60 16 THE best pair of sandals are the kind that can go from work to play easily and this pair does both. With its smooth finish, fine leather and a helical badge, it adds poise while conjuring a bit of mystique. Available in white, lime and gold,
        60 words
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        Lock icon Events & Promotions:
        191 16 Events Promotions: Funan the IT Mall: You have two more days to catch The Challenger Roadshow at the atrium. Grab that laptop which you've been eyeing, now available with a 0 per cent interest rate instalment scheme. Pay only $267 per month for the Compaq Presario 2821AP, which comes with
        191 words
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        Lock icon Canvas chic
        63 16 HERE'S one DKNY evening handbag which can be subtle when it matters. It's the kind you would carry to a premiere at the Esplanade or dinner at the Ritz and yet isn't too flashy for the office. Made of canvas with an elegantly layered leather strap, it comes
        63 words
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        Lock icon Just add a smile
        49 16 JUST because the economy's down doesn't mean you have to dress to match it. With a breezy shirt like this, all it takes is a bright smile to complete the aura. Smart casual, the rayon-cot-ton American-made Arrow shirt costs $69.90 at Hardy Amies at Scotts.
        49 words
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      Lock icon Heart and soles
      1101 16 Women love their pretty shoes and will gladly suffer to wear them LAT-WP IT'S no coincidence that a pair of shoes figures prominently in the relationship between Cinderella and her prince. Women have long adored shoes of all kinds, recognising their ability to alter moods, announce authority
      LAT-WP  -  1,101 words
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  • what's in style art/style
    • Article, Illustration
      Lock icon The face has it
      1230 17  -  It took Lanvin three attempts at womenswear before it found its winning formula Designer Albert Elbaz tells CAT ONG what it's like to be third time lucky CAT ONG WHAT is it about the number three for the Lanvin label and Albert Elbaz, Lanvin's CEO Jacques
      1,230 words
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      Lock icon Reflections on regional art
      528 17  -  Byi Geoffrey Eu THROUGHOUT his long and much-cele-brated career, the influential Indonesian master artist Haji Widayat found inspiration in a variety of sources, from the minutiae of everyday life in his native Java to places farther afield in countries like Spain, France and Japan, where he
      528 words
    • Article, Illustration
      Lock icon ARTbeat
      542 17  -  A roundup of events Compiled by^ CHEAH UI-HOON Art of collecting DR EDMUND Pillsbury, authority on Italian Renaissance art, will share on "The Challenges and Pitfalls of Art Collecting: Renaissance to Contemporary" today. A Singapore Tyler Print Institute programme, Dr Pillsbury will be talking from his experiences as a
      542 words
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      Lock icon Page 17 Advertisements Column 1
      24 17 The exhibition. Contemporary Art from South-east Asia, ends on Jan 21. Gajah Gallery is located at **01-08, Mita Building. 140 Hill Street. Tel: 6737-4202
      24 words
  • Page 17 Miscellaneous
    • Miscellaneous
      Lock icon Page 17 Miscellaneous Column 1
      280 17 CRYPTIC CROSSWORD 6 Twice betray one of RomACHUSa me^' S opponents (6, 3) 1 A soup served in girttnend s 7 slang translated into a mixture of languages (9) 9 Directive from French Amer- 8 celebrity calls for each lad to t i get on (9) 10 S J!fL W
      280 words
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