The Business Times, 25 January 2003
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2003-01-25
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The Business Times
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Title Section10 2003-01-25 1 THE BUSINESS TIMES SINGAPORE JANUARY 25-26. 2003 MITA(P) 010/03/2002 85c10 words
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Article, Illustration645 2003-01-25 1 Tycoon happy to be passive partner, won't push for board representation, cash payout Reuters [SINGAPORE] Businessman Oei Hong Leong said yesterday that he was happy to be a passive partner in Nat Steel after losing out in a protracted takeover battleReuters - 645 words
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689 2003-01-25 1 Serena Ng - Sources say SIC has been checking on identities of sellers By Serena Ng [SINGAPORE] The Securities Industry Council is scrutinising off-market trades in Nat Steel shares in the days leading up to Jan 10, when 98 Holdings' general offer for the company became689 words
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Article, Illustration484 2003-01-25 1 Chuang Peck Ming - But more jobs available for blue-collar workers Byi Chuang Peck Ming [SINGAPORE] Jobs are slowly returning. But straying from past trends, most of the vacancies are for blue-collar and lower skilled workers. Hardly any of the new jobs created in the private sector484 words
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502 2003-01-25 1 Christopher Tan - The battle is on for market share following MAS move Bui Christopher Tan [SINGAPORE) Going where no lender has gone in nearly a decade, Hong Leong Singapore Finance yesterday launched an aggressive zero-downpayment, 10-year loan package for car buyers. Coming just502 words
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Page 1 Advertisements
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Advertisement534 2003-01-25 1 *VBL&1 WHAT'S IN STYLE Howtomakea festive statement nwt is Statement on S'pore-KL ties Singapore's Parliament will sit today. Foreign Minister S Jayakumar will give a ministerial statement on bilateral relations with Malaysia. Channel NewsAsiawill carry the session live at 12.30pm. BThe DBS Absolute Return Fund. Designed to perform independently of534 words
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Advertisement8 2003-01-25 1 New faces on Nat Steel board, Next Page8 words
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Advertisement14 2003-01-25 1 IN THE MONEY Are Singapore stocks overvalued? PAGE 12 PAGE 10 111; 8 "ssTisraoocK14 words
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Advertisement27 2003-01-25 1 MOTORING Range Rover Fbr people in high places who are not afraid of heights. PAGE 14 Curb* on credit card, housing loans to be scrapped? Next Page27 words
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Advertisement15 2003-01-25 1 IN FOCUS New SIA chief: A safe pair of hands in the cockpit. PAGE 615 words
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next page
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Article, Illustration597 2003-01-25 2 r sivanithy - r sivanithy WE believe in calling a spade a spade and though some pundits may not agree, we reckon this is an unsure, largely bearish market driven mainly by short-term traders, in which rises should be viewed as bear-trap bounces brought on more by597 words
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Article69 2003-01-25 2 Dsn 1,358.04 (-6.37) ST INDEX FUTURES 1,353.00 (-19.00) SIMSCI FUTURES 1SSJO (-2.70) Friday Change KLHvttNP filtutl 1JW NIKKEI m Kttlfe 4A£) It AN (J SKNti JMMINI m.)B SKTIN DO 371*1 4J* JAKAKTA COUP AIXCU l« UANIUCOMP I.DM 42 OJV TAIPEI WP1 MM* *14* SEOCLCOMP SHM -U7a SIIEN7JIKN B 2BMM69 words
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Article65 2003-01-25 2 FOMEX RATES ml ii 17*1 mi it«t KMWftiKftttl/E) l«7» 1*7 YEN 117-W «KH» Ril IflM i»% HKS 7 7W 4.W7 BAirr u e> Htm AM MM SJ#» RENMINBI Kfli 4 786 INDIAN Him 47* t7$7 PMKRAIII SINGAPORE* biS M'ALA UKPUR S4<» H<W(i KONG kUOU JAKARTA AIM TAIPEI TOKYO IJI7S65 words
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Article, Illustration723 2003-01-25 2 Kalpana Rashiwala - Market likely to pick up Hi second half when economy recovers and war clouds disappear By Kalpana Rashiwala {SINGAPORE) Reflecting the current uncertain mood, analysts' forecast of private home price changes for this year range from minus 10 per cent to plusSource: URA/HOB - 723 words
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Article396 2003-01-25 2 Siow Li Sen, Serena Ng - Fall comes as offer doses; new board has four directors representing 98 Holdings By Siow Li Sen, Serena Ng a rui Serena Ng {SINGAPORE] Nat Steel shares yesterday fell 11 cents or over 5 per cent to $1.97 a level last seen in October last year396 words
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Article, Illustration632 2003-01-25 2 christopher tan - S A T U R DAY SOAPBOX christopher tan November 9, 2030 GOOD MORNING ladies and gentlemen, this is your Captain speaking. Welcome aboard Flight 69 from Singapore to Cape Town. You are currently flying at 10,000 m over the Bay of Bengal,632 words
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224 2003-01-25 2 Siow Li Sen - This quashes talk of spillover from fitting of car loan rules Byl Siow Li Sen [SINGAPORE] The Monetary Authority of Singapore yesterday quashed speculation that it would do to credit cards and housing loans what it has done to car loans.224 words
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Page 2 Advertisements
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Advertisement30 2003-01-25 2 More reports, Pg 4 mm i| The world s leading <„•;/ Offshore Ms Florence Nathan Vv Company and Tax Tel: (65) 6535 3382 Planning Fax: (65) 6535 3991 Specialists OCfcWv'Ot'lC' 0630 words
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in the news
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467 2003-01-25 3 Angela Tan - But some fund managers say its PEs off nine to 10 times make it comparable to regional average Byt Angela Tan FORMER incumbent Singapore Telecommunications' share price upside is being capped to a certain extent as some fund managers favour newly-listed handphone467 words
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275 2003-01-25 3 TOLL-FREE access for customers of Singapore Telecom's Sing Net Dial-up Internet services will end from next month. At present, customers do not pay phone charges when they log on to the Internet. But from the start of next month, they will275 words
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1NBRIEF
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Article71 2003-01-25 3 IN yesterday's report "Sunlight to pay $4.62 million for 60% of HK firm", we reported that for the financial year ended March 31,2001, Sunlight Group posted net operating profits of $2.86 million. That's incorrect. Sunlight's pro-forma net profit for the year ended March 31,2001, was $2.22 million. On the71 words
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Article42 2003-01-25 3 2G Capital, which is controlled by Tommie Goh and Gay Chee Chong, has raised its stake in Raffles Lasalle to 7 per centfrom 5 per cent after adding another 3.2 million shares at 52 cents apiece.42 words
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Article59 2003-01-25 3 United Pulp Paper chief quits MAINBOARD-LISTED United Pulp Paper Company (UPP) announced yesterday that its CEO and director Teng Kim Chuan had resigned with immediate effect. Current executive chairman Lee Seng Jin will take over his responsibilities. In November last year, Cathay Organisation's Meileen Choo had reduced her stake in59 words
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51 2003-01-25 3 AEM-E vertech Holdings has announced that board chairman and joint managing director TohKian You and the other joint managing director Ang Seng Thor have been redesignated as executive chairman and CEO/president respectively. This is a move to comply with the recommendations under the Code of Corporate51 words
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59 2003-01-25 3 MONEY-LOSING Seatown Corporation and its subsidiary, Seatown Construction Pte Ltd, have filed judicial management petitions. Their hearing dates have been set for Feb 4 and Feb 7 respectively. This move had earlier been announced on Jan 9 and was described by Seatown as "in59 words
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Article53 2003-01-25 3 MAINBOARD-LISTED Stratech Systems Limited announced yesterday that it had secured a first order for its newest product, the Intelligent Vehicle Access Control System (iVACS), to be deployed for homeland security in Singapore. It is a system designed to simplify and speed up the inspection and53 words
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199 2003-01-25 3 Bloomberg [MADISON, New Jersey] Global Crossing Ltd, the bankrupt fibre-optic network operator that is being bought by Hutchison Whampoa Ltd and another company, said it had a November net loss of US$32 million on sales of US$239 million. Asia Global Crossing Ltd, whoseBloomberg - 199 words
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Article, Illustration249 2003-01-25 3 THE group that champions the interests of minority shareholders in Singapore has welcomed SIA chairman Koh Boon Hwee's views on executive pay, saying his observations and proposals are "very similar" to its own. The Securities Investors Association (Singapore) said Mr Koh's prominence andFILE PHOTO - 249 words
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Article, Illustration282 2003-01-25 3 Wong Wei Kong - By Wong Wei Kong UNITED Overseas Bank chairman Wee Cho Yaw has tightened his grip on the bank following its distribution in specie of a 31.12 per cent Haw Par Corp stake to UOB shareholders. Filings to the Singapore Exchange yesterday showed that MrFILE PHOTO - 282 words
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Article, Illustration540 2003-01-25 3 Bloomberg KEPPEL Land Ltd, which has planned to sell its Singapore commercial property for more than a year, will probably say it will accelerate those plans as it reports a return to profit on Monday, investors said. For the year ended DecBloomberg; FILE PHOTO - 540 words
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205 2003-01-25 3 Michelle Quah - Churn Soon Hn&t, NM Holdings issue profit warnings By\ Michelle Quah ANOTHER two companies have issued profit warnings, citing weak market conditions. Plastic packaging company NM Holdings said yesterday it expects a "significant loss" for the year ended Dec 31, 2002. Also expecting205 words
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272 2003-01-25 3 HONG KONG-BASED Sunway International Holdings, a maker of electronic consumables and components, yesterday reported a net profit of HK$3O.2 million (556.7 million) in the year ended September 2002. The company, which is listed on both the Singapore and Hong Kong bourses,272 words
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694 2003-01-25 4 Anna Teo - DOS' rebasing off GDP data also indicates weaker rebound in 2002 By- Anna Teo [SINGAPORE] The economy apparently did not contract as much in 2001 as earlier estimated. At the same time, the rebound that followed early last year was actually weaker than694 words
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Article642 2003-01-25 4 Vince Chong - Their proportion off resale applications last quarter biggest in over a year, suggesting further downgrading By Vince Chong THE final quarter of 2002 saw the highest proportion of four-room resale public flat applications in over a year, suggesting that more people downgraded amid the tough642 words
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317 2003-01-25 4 Vince Chong - By' Vince Chong THE Land Transport Authority said yesterday it is important for any developer interested in the Serangoon Central site to come "on board early" so as to work together on requirements for an integrated project. LTA is sales agent317 words
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Article, Illustration225 2003-01-25 4 VETERAN investment banker and chief executivedesignate of the Singapore Exchange Hsieh Fu Hua expects to return to his own company Prime Partners Asset Management upon the expiry of his contract. In a brief statement yesterday, SGX said the terms of Mr Hsieh's employment225 words
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198 2003-01-25 4 WORK is set to begin next week on a $10 million esters plant on Jurong island by Faci Asia Pacific Pte Ltd, a subsidiary of Faci SpA, a leading Italian manufacturer of metal stearates. It will be completed by the third quarter of198 words
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346 2003-01-25 4 Andrea Tan - Development will have offices, shops, condos; bat no hotel By* Andrea Tan KWEK Leng Beng's City Developments has obtained provisional permission to build offices, shops and apartments at its $500 million project in Marina Boulevard. The project is highly unlikely to have any346 words
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477 2003-01-25 4 Audrey Tan - EYE ON THE ECONOMY Byi Audrey Tan BUSINESS sentiment among Singapore's manufacturers has taken a turn for the better, which suggests the Singapore economy could turn up from August, the Singapore Confederation of Industries (SCI) says. In its latest survey conducted in477 words
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Article, Illustration791 2003-01-25 7 His Internet dream may have soured but never underestimate him Bloomberg [HONG KONG] Richard Li, a notebook computer on his knee, shows what became of his dream to sell televised programmes to millions in Asia on the Internet. As he tapsBloomberg; BLOOMBERG FILE PHOTO - 791 words
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Article, Illustration431 2003-01-25 7 He obtains Bermuda court order to stop a shareholder's sale off a 39.5% stake at a steep discount Bloomberg, Reuters [SHENYANG] Yang Rong, the founder and former chairman of Brilliance China Automotive Holdings Ltd, has obtained a court order asking the HongBloomberg,; Reuters; APPLE DAILY FILE PHOTO - 431 words
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332 2003-01-25 7 Press reports allege he's trying to seize power AFP [JAKARTA] Indonesia's former armed forces chief, Wiranto, denied yesterday that he has tried to seize power from President Megawati Sukarnoputri. "I definitely will not allow myself to be trapped in such a game," the retired generalAFP - 332 words
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281 2003-01-25 7 Bernama [KUALA LUMPUR] Internet news portal MalaysiaKini.com, which has been investigated by police over a letter, has been asked by its landlord to vacate the office it is occupying in Bangsar Utama. The building owner, PC Suria Sdn Bhd, has served two notices on theBernama - 281 words
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238 2003-01-25 7 Bloomberg [HSINCHU, Taiwan] United Microelectronics Corp, the world's No 2 supplier of made-to-order chips, may follow on the heels of bigger rival Taiwan Semiconductor Manufacturing Co and set up a plant in China. UMC may not wait for a year toBloomberg - 238 words
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339 2003-01-25 7 Bloomberg [HONG KONGJ Hong Kong exports grew in December at the second-fastest pace in more than two years, marking a seventh straight gain and beating economists' forecasts as demand for Chi-na-made goods surged. Overseas shipments from Hong Kong rose 16.7 per cent from aBloomberg - 339 words
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394 2003-01-25 7 State-supported fund is bid to start a biotech industry Reuters [KUALA LUMPUR) Malaysia launched a US$3O million state-supported venture capital fund yesterday in a bid to kick start a biotechnology industry. Malaysia wants to create a hub with its 1,200-acre BioValley cluster project nearReuters - 394 words
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NOTEBOOK
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93 2003-01-25 7 Reuters [KUALA LUMPUR] Malaysian banking group Affln Holdings Bhd yesterday said a deal to sell a stake in its commercial bank, Affln Bank Bhd, to KAF Group had been scrapped. "Both AHB and KAF Group have mutually agreed not to proceed with negotiationsReuters - 93 words
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97 2003-01-25 7 AFP [BEIJING] China will open its skies to more international airlines this year with plans to operate more flights to European and North American cities, official media reported yesterday. The General Administration of Civil Aviation of China is to give the green lightAFP - 97 words
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Article69 2003-01-25 7 Bloomberg [MANILA] Philippine economic growth accelerated in the fourth quarter as farm production surged, Economic Planning Secretary Romulo Neri said. Hie economy grew about 4.6 per cent in the fourth quarter from a year before, Mr Neri said. That's faster than the 3.8 per centBloomberg - 69 words
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106 2003-01-25 7 Reuters [TAIPEI] A leading Taiwan think tank yesterday lifted its forecast for the island's 2003 economic growth to 3.5 per cent from 3.27 per cent, saying global economic recovery will help exports and state stimulus plans will boost domestic investment. The semi-official Taiwan InstituteReuters - 106 words
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74 2003-01-25 7 Bloomberg {TAIPEI] Taiwan's opposition Nationalist Party will hire Credit Suisse Group to manage some of its assets ahead of next year's presidential election, trying to avoid a repeat of accusations that the party uses its war chest to buy votes. Credit Suisse willBloomberg - 74 words
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73 2003-01-25 7 Reuters [SINGAPORE] Indonesia s credit ratings outiooK could improve this year if its reform agenda stays on track, but the Philippines' ratings remains at risk because of its fiscal woes, Fitch Ratings said yesterday. Brian Coulton, Fitch's senior director for Asian sovereign ratings, saidReuters - 73 words
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73 2003-01-25 7 AFP [BEIJING] China has lifted restrictions on its futures sector, in a move seen as clearing the way for foreign-funded firms to hold stakes in domestic futures brokerage firms, the China Daily said yesterday. The China Securities Regulatory Commission said regulations which had imposedAFP - 73 words
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Article, Illustration700 2003-01-25 8 But it dilutes clause on lawyers' obligation and doesn't require them to inform SEC NYT [NEW YORK] The Securities and Exchange Commission voted on Thursday to adopt rules that would require lawyers to take concerns about violations of securities laws to topNYT; AFP - 700 words
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Article298 2003-01-25 8 Reuters [BEIJING] China's top Taiwan policymaker urged the island yesterday to resume dialogue and lift a decadesold ban on direct air and shipping links, renewing peace overtures to what Beijing considers a rebel province. Vice-Premier Qian Qichen repeated an offer to restart fence-mending talks, frozen sinceReuters - 298 words
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Article267 2003-01-25 8 Bloomberg [WASHINGTON] US companies need a better measure of risk than the balance sheet to improve investors' understanding of companies' financial health, said Peter Fisher, the US Treasury's undersecretary for domestic finance. Citing a rash of "corporate fiascos", Mr Fisher proposed using a method thatBloomberg - 267 words
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530 2003-01-25 8 Huawei unlawfully copied its software, the suit alleges Reuters, Bloomberg [CHICAGO] Cisco Systems, the No 1 maker of gear that directs Internet traffic, said on Thursday it filed a lawsuit against Huawei Technologies, alleging China's largest telecom equipment maker unlawfully copied its operatingReuters,; Bloomberg - 530 words
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Article, Illustration191 2003-01-25 8 Bloomberg [SHANGHAI] China gav? US billionaire George Soros permission to sell his 15 per cent stake in Hainan Airlines Co starting in January 2004, the country's fourth largest airline said in a statement. Soros-controlled American Aviation Ltd got approval to trade its 108 millionBloomberg; REUTERS - 191 words
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Article327 2003-01-25 8 Limit on slake deters the US bank from making acquisitions Bloomberg (BANGALORE! Citigroup said India needs to ease regulations on foreign ownership of banks before the largest US financial services company makes acquisitions in the country. A 49 per cent limit on foreign ownershipBloomberg - 327 words
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Article, Illustration658 2003-01-25 9 Transcripts show Greenspan went back on his promise to support a rate hike LAT-WP [WASHINGTON] It looked to many Americans like the best of economic times: Growth rates were the highest in a decade, with no sign of accelerating inflation. Unemployment wasLAT-WP - 658 words
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311 2003-01-25 9 NYT [OERLIKON, Switzerland] Novartis said on Thursday that it had accumulated enough stock in Roche Group, one of its main rivals, to control 32.7 per cent of the voting rights in the company. The announcement, made at a briefmg for analystsNYT - 311 words
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460 2003-01-25 9 Says he lefts Korea on govt orders, not to flee prosecution [HONG KONG] Kim Woo Choong, Daewoo's fugitive former chairman, left South Korea not to escape prosecution but at the urging of its highest government officials, he told Fortune magazine. In his first interview460 words
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Article, Illustration427 2003-01-25 9 Reuters [LONDON] Bertelsmann Music Group, home to pop stars Alicia Keys, Dido and Pink, overhauled its management on Thursday in a drive to improve its chances of discovering global superstars and fight off an industry slump. BMG, part of European media group Bertelsmann,Reuters; REUTERS FILE PHOTO - 427 words
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Article645 2003-01-25 10 US dollar drops to three-year low against euro on widening rift between US, G-7 partners over likely military action in Iraq AFP, Reuters [LONDON] US President George W Bush is set on going to war with Iraq in the next few weeks, withoutAFP,; Reuters - 645 words
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WORLDWATCH
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62 2003-01-25 10 Reuters [NEW YORK] A majority of chief executives polled globally by PricewaterhouseCoopers believe this will be a year of growth. In a survey unveiled at the World Economic Forum in Davos, Switzerland, PwC said nearly three-quarters of the 992 CEOs it interviewed wereReuters - 62 words
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103 2003-01-25 10 Bloomberg [WASHINGTON] Americans are less optimistic than a year ago about the US economy and more critical of President George Bush's handling of it, a Pew Research Cento* poll said. The Jan 8-12 survey found 30 per cent expect economic conditions to improve over theBloomberg - 103 words
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Article66 2003-01-25 10 NYT [NEW YORK] In one of the toughest retail markets in years, sales at Amazon.com increased 28 per cent to US$l.4 billion for the fourth quarter of last year. And the online store, which had lost money in the first three quarters of the year,NYT - 66 words
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61 2003-01-25 10 Reuters [WASHINGTON] After two weeks of politically charged debate over government spending, the US Senate late on Thursday approved a US$39O billion package wrapping up last year's unfinished federal Budget The Senate voted 69 to 29 to pass the bill. A final version ofReuters - 61 words
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Article, Illustration475 2003-01-25 10 Reuters, Bloomberg [ROME] Giovanni.Agnelli, who died yesterday, was the king of Italian industry who turned the family car company Fiat into a global industrial powerhouse, only to see its fortunes fade as his own health declined. A symbol of grace and eleganceReuters,; Bloomberg; AP FILE PHOTO - 475 words
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365 2003-01-25 10 Anthony Rowley - From, Anthony Rowley in Tokyo PRIME Minister Junichiro Koizumi's cabinet yesterday endorsed figures suggesting that Japan's economy will grow by only 0.9 per cent in the current fiscal year and by an even more meagre 0.6 per cent in the year beginning April365 words
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192 2003-01-25 10 Reuters [SEOUL] South Korea said yesterday it would send a special envoy to the communist North to discuss the peninsula's nuclear crisis, an announcement that came just hours after the two sides agreed to work for a peaceful solution. President-elect RohReuters - 192 words
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361 2003-01-25 11 Average payout falls from U*****,600 in 2000 to U5548,500 following two years of profit declines Bloomberg [NEW YORK] Wall Street firms including Merrill Lynch Co and Goldman Sachs Group Inc cut bonuses 37 per cent last year, reducing payments by US$4.7Bloomberg - 361 words
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204 2003-01-25 11 PA Y AND SEVERANCE unite pegs mcmberi* salary to the president's Bloomberg [WASHINGTON! The US Senate capped the pay of the members of the new US accounting oversight board at US$4OO,OOO a year the salary paid to President George Bush. The accounting board members votedBloomberg - 204 words
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216 2003-01-25 11 This includes pension, company stock and a USsl3m payment Bloomberg [KENILWORTH, New Jersey) Scher-ing-Plough Corp will give chief executive officer Richard Kogan a US$5O million severance package. Mr Kogan, who is due to leave by April, will receive a package that includes his pension,Bloomberg - 216 words
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Page 3 Advertisements
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Advertisement8 2003-01-25 3 I C.A.T.S. Buy It. Sell It. Find It.8 words
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Page 4 Advertisements
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Advertisement485 2003-01-25 4 Notices MANDATORY UNCONDITIONAL CASH OFFER by O DBS BANK T>€ DEVELOPMENT BAW OF SINGAPOHE LTD for and on behalf of LUM CHANG HOLDINGS LIMITED (Incorporated in the Republic of Singapore) for L.C. DEVELOPMENT LTD (Incorporated in the Republic of Singapore) 1. DESPATCH OF OFFER DOCUMENT The Development Bank of Singapore485 words
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mailbag
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354 2003-01-25 5 Ngiam Shih Tung Singapore - Ngiam Shih Tung Singapore I REFER to the article "Application to trademark .sg raises concern" (BT, Jan 16). The abbreviation sg for Singapore was adopted by the International Organisation for Standardisation in 1974 as part of the ISO 3166 International Standard for Country354 words
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Article99 2003-01-25 5 Denis Distant Singapore - Denis Distant Singapore WITH the successful introduction of "Newater" and the award of the contract to build Singapore's desalination plant, it is about time to review the 30 per cent Water Conservation Tax levied on every utilities consumer in Singapore. The tax was introduced at99 words
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217 2003-01-25 5 Lee Siak Foon Director Public; Investor Relations Ellipsiz Ltd - Lee Siak Foon Director Public and Investor Relations Ellipsiz Ltd WE refer to the article, "All's not well for the market" by Robert Halili in the Personal Investment section on Jan 22. The writer cited Ellipsiz as an example of how continued selling by217 words
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Article, Illustration364 2003-01-25 5 Seow Hoong Wah Christopher Singapore - Seow Hoong Wah Christopher Singapore I REFER to the letter "Why is loan rate for private homes higher?" by Leong Sze Hian (Mailbag, Jan 17). Recently, HDB home mortgage loans have been released to the private sector and retail banks haveARTHUR LEE - 364 words
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137 2003-01-25 5 Juthika Ramanathan Registrar of Companies; Businesses (RCB) Singapore - Juthika Ramanathan Registrar of Companies and Businesses (RCB) Singapore I REFER to the article "Teething problems hit RCB's Internet foray" (BT, Jan 24). The teething problems were only for the first day of operation on Jan 13, 2003. The system is running smoothly. Our137 words
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Advertisement124 2003-01-25 5 Fax your letters to 6319-*****r email them to btletterQsph.com.sg or write to: The Business Times, SPHHQ, 1000 Toa Payoh North, Podium Level 3, Singapore *****4. We need your full name, address and telephone number for verification. Please use temperate language, and bear in mind libel laws. We reserve the right124 words
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Advertisement382 2003-01-25 5 THE ATLAS ICE COMPANY, BEEHAD (INCORPORATED IN MALAYSIA) (1302-W) NOTICE OF MEETING NOTICE IS HEREBY GIVEN that the Eighty-Eighth Annual General Meeting of the Company will be held at 12, Jalan Bukit Gedong, 7SOSO Melaka on Monday, 17 February 2003 at 12.00 noon for the following purposes:AGENDA 1. To receive382 words
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Advertisement940 2003-01-25 5 BARONET LIMITED (the "Company") (i) *****,000,000 6 Per Cent. Senior Secured Bonds Due 2009 (the "Senior Bonds") together with 12,000 "A" Redeemable Preference Shares of Sso.lo each in the capital of Baronet Limited (the "A" preference Shares") (ii) 5564,000,000 6.5 Per Cent. Junior Secured Bonds Due 2009 (the "Junior Bonds"940 words
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in focus
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Article, Illustration1273 2003-01-25 6 Ven Sreenivasan - The appointment of Chew Choon Seng as SlA's next CEO is much welcomed, ▼en Sreenlvasan finds out more about the man and looks at the challenges he faces Ven Sreenivasan WHEN the photograph of the dapper, silver-maned Chew Choon Seng appeared inFILE PHOTO - 1,273 words
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Article192 2003-01-25 6 'He is probably the best person around, anywhere, to head the carrier at this point He mill not IetSIA (town. He will keep it at the top of the airline league in every respect 9 —former SIA chairman JYPUkty Vhew is a first-class choice. He is a192 words
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Article, Illustration572 2003-01-25 6 SINGAPORE Airlines CEO-designate Chew Choon Seng will have to muster all his talents to pilot SIA through what many observers reckon would be one of the most challenging years for the company. As John Casy of DBS-Vickers put it, one of theAFP - 572 words
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Article, Illustration1079 2003-01-25 8 Transaction date: Jan 24 DITERBAlfR CROSS RATES AS CS >■> Cot HK$ K« Ten Mm Wl «8 Mb Nil SS «and Sir IT> Ml Pmmt Australia 0.902 4.921 05S0 4.625 28.397 52.728 0.(99 6.944 2.254 L074 34.495 ***** 1.026 5.04 0105 20.502 ***** 0364 b.593 Canada 1108 5.453 0.6091,079 words
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Article4471 2003-01-25 9 Transaction date: Jan 24 for mare, go to iiruTwxLsiaonenmarketSjQorn HONGKONG v*i mourn. 1.32 -0.03 653 MKS W- 000 Hong Kong ElectTK 29 75 -0.75 2283 Honakona Chinese ...0.62 uncti 1052 Alpha General... 0.01 unch 5550 Hongkong Chinese Ltd 0.62 imch 1052 AnandaWingOn .0.01 unch ***** Hopewell Holdings 64,471 words
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Article749 2003-01-25 10 Transaction date: Jan 24 im+mmm Omt Qi»i| 1 Otm an CMC 04t 3MC -00*0 NatSMlSOc 04t 1J70 -0.110 CjpMLvd 1j07 I.OiO COX) 03C 117 9550 41* OwtSmCond Jl( AM *.790 «0«5 OUC 055 *j000 Oty 0w50c 1 Jt UK -0020 Nrt—t H 25c 0* 4775 *0.005 CmMTBc 071 1250*749 words
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Article507 2003-01-25 10 BONDS WARRANTS Laat Va4 Com bar (mt m! Cm+mi Mi «r- fW| Wh Uto U* AST1W*****1 175 1 16 168 0 71 17 Aorta ltd *MM1116 IS 1 SO 758 400 22 AmtekW*****0 77 -1-5 20 1 33 1 1.42 29 Armstrong *M)40S20 13 1 10 130 UJ Bar 6NSA*****1507 words
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Article5413 2003-01-25 11 Transaction date: Jan 24 for live prices, log on to tmiw/isiaonemarketsjcom U-Wk Last Vol Day Last Quota SrOkr Ota G#tM MM MCjo I—I I— Cl«Hf Sate W- ri Cw M >J ABNAmroNLG 56c 9 U 141* 20.5 9 ACE Dynarr*c520c 10.5 10 12.5 0.7 8 12 17.S 1045,413 words
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Article310 2003-01-25 11 n-m La>t vat omi li Q—»■ e««• ok am M MCb i— n«pni s* w- fw cw x w 1« K AVienrmgi A2Sc A985 -0.5 292 100 98 5 98.5 99 40 3.4 102 5.7 212 G*ha»P*20c MK720 265 2 1 II S OwungKongSOcMK1780 2 M M 55310 words
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Article3142 2003-01-25 12 UNIT TRUSTS FUNDS Com Global Fnanct InSexFd 0.71* uu Com Global Lifestyle Index Fd 0 802/ iTZZSvZ.7: n«£y Com Global Health Index Fd 0 768/ *"™J* U*- 5®®' Com Global Telecom Index Fd 0.42V o.l niS Com Global Infotec Index Fd!" 0.267/ 5? *"25* Com Global Energy Index Fd 03,142 words
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in the money
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Article, Illustration1364 2003-01-25 12 teh hooi ling - SHOW ME THE MONEY A look at dividends and free cashflows generated by STI component stocks will indicate what the local market is worth teh hooi ling LAST week, we looked at how the discounted cashflow (DCF) model is used to value assets. To1,364 words
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211 2003-01-25 12 DBS Bank will launch its second series of financial planning columns in The Weekend BT starting Feb 8. The series will look at various aspects of family finance such as how families can make financial decisions together, and how to balance individual and211 words
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Article499 2003-01-25 13 Patrick Peck - By Patrick Peck THIS week's recommendations consist of 28 upgrades and 13 downgrades. Mobile One (Ml) Ltd announced its first set of results as a public listed company this week, and it fell within market expectations. Turnover improved by 9 per cent to $699.8 million499 words
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Article, Illustration887 2003-01-25 13 Teh Hooi Ling - The 'value index' of Seoul's Kospi is 44.4, much higher than runner-up Jakarta Composite's reading of 19.4 By' Teh Hooi Ling WHICH global stock market offers the most value currently? BT looked at 14 markets and according to our crude "value index",REUTERS FILE PHOTO; REUTERS: AFP - 887 words
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Article1590 2003-01-25 13 for week beginning Jan 20 Balaam EPS M* IV IT IT IT ci—n y em amt w w MM»T«h 23-Ok I 3J1SL 15m 07* 0 371 Ajr Oceari )Mk I 3.058 1.7*5 a72 0.47 AS Auto 30-Dac I 23.7* 0.177 1411 013 MatrswaLCom 16-Oac 1.545 1.1501,590 words
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what's in style motoring
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Article, Illustration1056 2003-01-25 14 CHRISTOPHER TAN - The tall, hill-climbing Range Rover is ideal for people in high places who are not afraid of heights, CHRISTOPHER TAN reckons CHRISTOPHER TAN STILL nursing three broken ribs from a fall on New Year's Eve, I was a little hesitant when presented with the new Range Rover last1,056 words
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Article, Illustration490 2003-01-25 14 Christopher Tan - The Jaguar 2.5 S-Type with automatic parking brake is ideal for dty driving ffyi Christopher Tan HOW does one do a handbrake turn when the "handbrake" is but a bottle-opener-sized chrome flap nestled aft of the shift lever? With some difficulty, as is the case with Jaguar's490 words
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Article, Illustration559 2003-01-25 14 CHRISTOPHER TAN - BRAVE NEW WHIRL Compiled by CHRISTOPHER TAN ELECTRONIC safety systems in cars have evolved further. The newest ones not only minimise the chances of accidents, they brace the occupants for a crash if one is imminent. Mercedes-Benz is the first on the scene. Its Sclass cars559 words
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Page 14 Advertisements
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Advertisement28 2003-01-25 14 Jaguar S- Type 2.5 V 6 SE: 201 hp/6,800 rpm;24s nm/4,000 rpm; 0-100 kmh in 9.9 sees; 225 kmh top speed; $199,000 with COE. Call 6-378-2662/26/27 for enquiries28 words
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what's in style food
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Article, Illustration814 2003-01-25 15 JAIME EE - Tired of the familiar pineapples (arts? Join JAIME EE as she samples offerings from hotels and restaurants JAIME EE Bring on the F&N Orange Crush, Sarsi, pineapple tarts, love letters, kueh lapis, prawn rolls one after the other, and the other till it's all a blinding pastry crush.ALL PHOTOS BY CHRIS LOH EXCEPT GOOOWOOO PARK HOTEL AND TUNG LOK - 814 words
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Article, Illustration387 2003-01-25 15 Cheah Ui-Hoon - By i Cheah Ui-Hoon YOU'VE had foie gras with salad or beef, but with the Chinese dish, yu sheriff! Chef Chan Sung Og, of Prima Tower Revolving Restaurant, has drummed up this East-West fusion dish, not just for the tastebuds but for its rich connotations as well. Firstly,387 words
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Page 15 Advertisements
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Advertisement251 2003-01-25 15 wme&dine with weekendßT 5 jj?:" 20 Upper Circular Rd, #81-49/50, The Riverwalk. Tel: *****766 Savour fresh Tasmanian oysters atSlevafy Wednesday during "Oyster Ntte". Happy Hour 58pm (40 percent discount). Lunch (MorvSat), Dinner (Mon-Sun). cosy ambience with soft igitiffcbQfliempomy Salting 4*J exemplary service makes Blue OoeanßerA Restaurantthe ideal place to rela*251 words
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Advertisement297 2003-01-25 15 2pm-spm) includes mi so soup, chawanmushi, karaage chicken, agedashi tofu, handrails, edamame and more. Weekdays: $16.90++ (adult), $15.90++ (students). Weekends: $18.90++ (adult), 17.90++ (students). Qrand Plau Pvtaroyal 10 Coleman Street. TeL *****543 A la carte buffet lunch and dimef with 68 delectable Camoneea dishes prepared by our Hong Kong chete297 words
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Advertisement358 2003-01-25 15 U—CttyCsffi ■>■■■! Lion City Hotel, IS Tanjong Katong RtL Te1:*****111 Indulge in a sumptuous Weekend True Bfup Nonya High Tee at $12.30+++. From 12 noorv2-30pm and 333 Orchard Road TeL *****411 One on the famous Hamanasa chicken rtoe at the Chatterbox coffeehouse. 120, Cantonment Road, *01-02, Maritime House, Tel: *****928358 words
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what's in style shopping
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Article, Illustration1036 2003-01-25 16 CORINNE KERK - Roberto Perlini brought silver jewellery to the fashionable masses, by way of dropping out of university and marrying a Singapore-based woman. CORINNE KERK finds out more CORINNE KERK BORN in Rome, he grew up with all the accompanying pressures as the eldest child of anPHOTOS BY ARTHUR LEE - 1,036 words
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IN STORE
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Article, Illustration49 2003-01-25 16 BREAK away from the pack with this one-of-a-kind outfit. Designed by local Peranakan fashion designer Eunice Fang, the Chinese top looks charming either with a pair of capri pants or a wrap-around skirt. Made of comfortable batik linen, the full suit costs $180 at Eunice Creations, Scotts.49 words
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Article, Illustration92 2003-01-25 16 THIS time, give something else instead of oranges and yet not be out of place. Bee Cheng Hiang, famous for its barbecued pork products, now offers a variation to Chinese New Year gift-giving: cookies, sweets and nuts packaged for the occasion. Called Fortune Gift Packs, the goodies92 words
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Article, Illustration109 2003-01-25 16 FUSHION'S in fashion, so why not add a touch of Scandinavian delight to your traditional Chinese New Year table settings? These are not oranges and fire crackers, but high quality candles imported from Norway. The orange candle balls and red chunky candles are made with109 words
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Article, Illustration227 2003-01-25 16 THANKS to handphones that also take snapshots these days, you don't have to lug a camera around during your Chinese New Year house visits. One such technological wonder is the Sony Ericsson PBOO Smartphone. But more than that, this consummate communication tool prides227 words
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Article, Illustration354 2003-01-25 16 Outback Steakhouse THE man who started the first Outback Steakhouse in Florida and who now has more than 800 restaurants around the world was at the Millenia Walk outlet yesterday to serve customers. Tim Gannon (right)? founder of one of the world's largest casual dining restaurant groups,354 words
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Article, Illustration498 2003-01-25 16 Corinne Kerk - Sparkle while visiting this festive season with some exclusive jewellery Byi Corinne Kerk CHINESE New Year a great time to catch up with relatives and friends, gamble till late, binge on unhealthy snacks, and show off your jewellery. And by that, we don't just mean any old498 words
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what's in style style/art
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Article, Illustration1365 2003-01-25 17 CAT ONG - A new fashion trade show featuring branded labels made its debut at last week's Hong Kong Fashion Week. CAT ONG brings you the buzz from buyers CAT ONG THERE'S a new fashion trade show in Hong Kong, as if the already fashion-driven city doesn't have enough of1,365 words
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Article, Illustration918 2003-01-25 17 Parvathi Nayar - By Parvathi Nayar YOU can't teach talent but you sure can teach craft. That's the principle behind Robert McKee's three-day Story Seminar, famed for its ability to teach the craft of writing screenplays. McKee who's been called Hollywood's most wanted guru forARTHUR LEE - 918 words
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Article, Illustration461 2003-01-25 17 Cheah Ui-Hoon - Byl Cheah Ui-Hoon ANDY Warhol had his Campbell's Soup can and Justin Lee has the Chinese character xi. Influenced by Warhol, Lee uses xi, which denotes double happiness, an integral concept in Chinese culture, to create resonance in his own version of "pop art". "Xi461 words
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ARTbeat
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Article130 2003-01-25 17 ART on video gets officially recognised with its own annual exhibition. Through the inaugural Videoprogramme 2003 Single Screen Video Art From Asia, LaSalle-SIA College of the Arts hopes to provide a platform for the rapidly changing state of video art. The first exhibition will feature 22 of130 words
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Article69 2003-01-25 17 A NEW year to learn something new! The Nanyang Academy of Fine Arts' Extramural Club is offering the following courses from February: Drawing Sketching Workshop, Chinese Ink Painting (English), Watercolour Workshop, Oil Painting Workshop, Sculpt-a-portrait Workshop, and a new course, Cantonese Opera Singing. Class size is69 words
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Article97 2003-01-25 17 THE Old Parliament House will open in October as a multi-disciplinary arts and heritage centre. It will host music, theatre and dance performances, visual art exhibitions, film screenings, recitals and seminars, as well as a display of Singapore's constitutional history. To manage the building and97 words
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Page 17 Miscellaneous
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Miscellaneous168 2003-01-25 17 CRYPTIC CROSSWORD the nvef (4) 27 Rulers gifts accepted one 8 Cinders with new dress YESTERDAY'S SOLUTION da* < 1 gfass? (10) Across: 7 Settled. 8 Pleader, 11 Established validity of protest 10 Roundabout, 11 Ofo, 12 Me--1 Pat nHtho ctcfarthok by deputy head (12) thinks, 14 Erased, 15 In168 words
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what's in style
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Article, Illustration783 2003-01-25 18 CORINNE KERK - Bring the festive mood into your home by using flowers in imaginative ways. CORINNE KERK highlights this and other decorative ideas CORINNE KERK SO, you've moved beyond plastic firecrackers and paper lanterns made out of red packets carefully stapled together. But as Chinese New Year draws near, are youALL PHOTOS BY CHRIS LOH EXCEPT TEALIGHT HOLDERS - 783 words
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Article419 2003-01-25 18 DO identify spaces to decorate by anticipating where your guests will likely be, eg. at the dining table, bar counter or lounging area. decide on whether you want to use fresh, artificial qr dried flowers only after you've decided on your budget and419 words
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Page 18 Advertisements
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Advertisement19 2003-01-25 18 i *nra I HiCs branded ÜB6B generate fashionable bozz. WM M II mm mmMmMm PMC 17 *>7* v •*jf19 words
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Advertisement22 2003-01-25 18 I 1 ART ia Justin Lee's ■SI happy take /JBo OB pop art. ÜBQilmku >W. N WWt. v t*-. tvf" W ig*.\-22 words
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