The Business Times, 8 February 2003

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Total Pages: 20
1 20 The Business Times
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  • Title Section
    Lock icon Masthead
    12 1 MITA (P) 010/03/2002 85c THE BUSINESS TIMES weekend SINGAPORE FEBRUARY 8-9, 2003
    12 words
  • Article, Illustration
    Lock icon Slicing through the red tape
    1172 1  -  The Pro Enterprise Panel is ruthless with unjustified rules, says VIKRAM KHANNA VIKRAM KHANNA HOW'S this for red tape: A cosmetics retailer in Singapore selling a palette of 12 shades of eyeshadow has to apply to the Health Services Authority for not one, but 12,
    1,172 words
  • Article, Illustration
    Lock icon A language experiment worth trying
    826 1  -  Saturday soapbox Purists upset by use of English to teach the Chinese language miss the bigger picture wong wei kong THE opposition from some purists to the idea of using English to teach the Chinese language is no surprise. But it misses the bigger point
    826 words
  • Article, Illustration
    Lock icon newsbreak
    722 1 Hey, Datuk, how's business? (SINGAPORE] Ong Beng Seng, Singapore's most wellknown yet publicity-shy hotelier, is now a datuk. Mr Ong was conferred the title by the Sultan of Selangor last December in conjunction with his birthday, very reliable sources told BT. Mr Ong, 57, now holidaying in the United
    722 words
  • Page 1 Advertisements
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      Lock icon Page 1 Advertisements Column 1
      40 1 A bonanza of new executive and luxury PACE 12 SPEAKING HIS MIND Former MP Tan Soo Khoon on the burning issues of the day, from public participation in national affairs to the ragged state of Singapore-Malaysia relations nil 8 *****1"*****4
      40 words
    • Advertisement
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      26 1 EXECUTIVE JOBS Financial planning: Jobs still to be filled paqk CONSUMER ALERT Got a great plasma TV but terrible speakers? Help is at hand, paoc is
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      51 1 R CORPORATE NEWS §1 Wee Cho faw faces the biggest deal of his life. And he has 12-16 months to pull it off, says Lee Han Shih. PAGE 4 f t *|j .<.>■* > N /-v Hie amazing billionaires who fund the amazing boats in the America s Cup yachting
      51 words
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      40 1 PERSONAL INVESTMENT Five portfolios in search of winners. PAGE 6 DREAM ON Why Slom dream homes in Singapore's posh bungalow districts are just that dream homes page 5 PROPERTY OUTLOOK PAGES I IP 1 HEALTH Is your back your game?
      40 words
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      9 1 J&-~rooo wL The best breakfast mm places. PAGE 16
      9 words
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  • newsfront
    • Article, Illustration
      Lock icon Ringing endorsement for SingTel in Q3
      777 2  -  Net profit rises 2% to $296 m; Optus turns around with good mobile ops earnings; Sing Tel expects to meet S&P credit ratio targets by March By Angela Tan [SINGAPORE] Lee Hsien Yang has good reason to be happy in the Year of the
      FILE PHOTO  -  777 words
    • Article
      Lock icon Pace of US job creation hits 2-year high
      391 2 Non-farm payrolls rose 143,000 in January after December decline Reuters [WASHINGTON] The US economy created new jobs in January at the fastest rate in more than two years, while unemployment tumbled to a four-month low of 5.7 per cent, the government said
      Reuters  -  391 words
    • Article
      Lock icon KL repeats intention to boost economy by March
      342 2  -  From Eddie Toh in Kuala Lumpur MALAYSIA has reaffirmed its intention to step on the fiscal accelerator at the end of March to help maintain the economic momentum as war looms in Iraq. "New initiatives will be ready for implementation by March
      342 words
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      Lock icon Page 2 Advertisements Column 1
      148 2 HHi l ■I I «3|jjfp gS mJJI ft w > 'S :^»IB w v Bj IMWrTj BBf F nSP fjg|l m m m S _P~" I 1 gfl ir > S- j-1 Isi »Bf sang iKL k MB» ,j >-^f^^ >* fig hi I si'/ury^M <is *iL' j t *^^MT|jfrrffi
      148 words
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  • the raffles conversation
    • Article, Illustration
      Lock icon Speaking his mind
      1394 3  -  Tan Soo Khoon: vocal critic or enlightened parliamentarian? The MP who 'lit up the House' tells KENNETH JAMES a thing or two about debate KENNETH JAMES HE has been described as "the most outspoken man of the year". When he returned to the back benches of Parliament
      PHOTOS BY CHRIS LOH  -  1,394 words
    • Article
      Lock icon Pride and prejudice
      775 3 X V INEVITABLY, the discussion turns to the burning issue of the day: the ragged state of Singapore-Malaysia relations. Tan Soo Khoon admits he doesn't see the matter being resolved anytime soon. Nonetheless, it is imperative that "the political issues be settled in a friendly way", he
      775 words
  • Page 3 Advertisements
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      Lock icon Page 3 Advertisements Column 1
      59 3 Raffles [INTERNATIONAL The Raffles Conversation is brought to you through a special arrangement with Raffles International Hotels and Resorts. The Traveller's Palm in the Raffles International logo is an apt symbol. Not only has water stored at the base of this palm provided sustenance, the leaves rest in an "east-west"
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  • news companies
    • Article, Illustration
      Lock icon SembCorp Marine sales pass billion-dollar mark
      474 4  -  Niches in offshore exploration, oil tankers give group a boost [iy Beth Jinks UNTIL recently dismissed as a "sunset industry" in Singapore, incapable of competing with subsidised South Korea and cheaper China, shipyard operators like SembCorp Marine have successfully carved out a niche in
      ARTHUR LEE  -  474 words
    • Article, Illustration
      Lock icon Can Wee Cho Yaw pull off next project?
      1205 4  -  ANALYSIS Valuation of UOB shares would be an issue should UOB boss try to tighten his grip, says LEE HAN SHIH LEE HAN SHIH THIS is the year Wee Cho Yaw will try to tighten his grip on United Overseas Bank. But
      Source: Annual reports, brokers' reports  -  1,205 words
    • Article, Illustration
      Lock icon The virtues of doing nothing in this market
      662 4  -  market review r sivanithy CONFRONTED with the urgings of brokers and other commentators to "carefully accumulate" or "buy the dips" on one hand, and fear of a total blowout in case of war on the other, the prudent thing to do is:
      662 words
    • Article
      Lock icon Ocean Sky heads for a mainboard listing
      197 4 AS recently as seven years ago, Ocean Sky International was operating out of a single factory in Kallang Basin and raking in annual sales of only $10 million. Today, the award-win-ning home-grown firm considers itself a global, onestop, specialty apparel man ufacturer with
      197 words
    • corporateroundup
      • Article
        Lock icon Kwk raises Hwa Hong stake
        63 4 WHILE the feuding Ongs of Hwa Hong Corporation have started legal proceedings to resolve their dispute over their shareholdings in their family business, property tycoon Kwek Leng Beng, the second largest shareholder, is snapping more shares in the main-board-listed construction firm. Purchases by Kwek-linked private
        63 words
      • Article
        Lock icon Profit boost for Nera Tel
        56 4 HELPED by a net gain of $15.3 million from a stake disposal in conjunction with the listing of Nera Electronic, Nera Telecommunications has achieved a 58.5 per cent jump in net profit to $21.2 million for the full year ended Dec 31, 2002. Turnover fell
        56 words
      • Article
        Lock icon 2G sells Hyflux shares
        119 4 HIGH-PROFILE investors Tommie Goh and Gay Chee Chong of 2G Capital have begun taking profit on their strategic stake in water-treatment firm Hyflux, just a year-and-a-half after their investment made headlines. And doubling their money too. In the past three days, 2G Capital sold off two
        119 words
      • Article
        Lock icon Mayfran sees red
        55 4 THIS IS no pillow talk. Bedlinen maker Mayfran International has come out to say it expects to make a "significant loss" for FY2002. This comes after profits of $560,000 for 2001 and $1.2 million in 2000. The company attributes the reversal of fortune to severe competition and
        55 words
      • Article
        Lock icon Easyknit in acquisition
        48 4 HONG KONG based garment company Easyknit International has taken control of branded wireless data service company 1100 Limited. Landmark Profits, which is fully owned by Easyknit, bought about 55.3 per cent of the shares worth HK$6.09 million in 1100 Limited, triggering an unconditional cash offer.
        48 words
      • Article
        Lock icon Vroom, vroom, Vicom
        76 4 DRIVING to a better performance in the nine months to Dec 31, 2002, was vehicle inspection company Vicom Ltd which saw a 15 per cent improvement in its net profits to $4.6 million. Turnover jumped 15.4 per cent to $14.2 million, helped by the increase in revenue
        76 words
      • Article
        Lock icon CSA unit issues shares
        50 4 HONGKONG-BASED Automated Systems Holdings Ltd is keeping its listing status. The subsidiary of ma in board listed CSA Holdings says it is placing out up to two million new shares at HK$l.l3 apiece so that it could restore the minimum public float of 25 per cent.
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    • Article
      Lock icon MARKETS
      69 4 8H 1,285.41 (-2.22) ST INDEX FUTURES 1,287.00 (-1.00) SIMSCI FUTURES 157.50 (-0.50) Friday Change KLSKUIMP 66li5 IN MKKKI225 8.448 IS .16(0 HANG SENG 9.I50S5 *24.80 SET M 578.95 -0.15 JAKARTA GOV -***** +017 MANILA COMP .1.041.83 *557 TAIPKI WPI 4.735,17 98il SEOCLOOMP ***** 1202 ■RBI H Hoard AI'STALLORD £*****
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    • Article
      Lock icon FINANCE
      74 4 FOREX RATES us$ s$ rs$ (SS per IS$) 1.744 *|1 SS.SS per 1627 1838 ElTtOOSS/SS/E) 1077 1.879 YEN 1201 6890 KM 3.800 1179 H KS 7.800 4.472 BAHT 4189 24.59 HI TIAH H870 5.086 ■MM 8,102 4760 INDIAN R1TEE 4770 27.35 PRIME RATES SINGAPORE* 5J5 KI'AU LTMPIH 640 HONG
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  • money property
    • Article
      Lock icon Only 6 sales in the $10m club in '02
      718 5  -  Of these, the most expensive detached home which changed hands for 18.35 m was not a designated good class bungalow, reports ANDREA TAN ANDREA TAN WHAT did Singapore's super-rich splurge on in 2002? Certainly not on a $10-million bungalow. If you
      718 words
    • Article, Illustration
      Lock icon Cash to spare? Buy a bungalow
      727 5  -  By, Andrea Tan IF you have several million to spare, there are at least 20 good class bungalows (GCB) looking for a buyer like you. Former Scotts Holdings chief Rafiq Jumabhoy's home a good class bungalow on 24,000 sq ft of land at Brizay
      ARTHUR LEE  -  727 words
  • Article
    Lock icon Househunt Property transactions lodged for selected districts between Jan 27 and Feb 6, 2003.
    877 5 District 05 NON-LANDED Dover Parkview Apt 07/01/2003 99 969 650 671 Vista Park Apt 11/01/2003 99 1066 378 355 District 07 NON-LANDED Textile Cte Apt 10/01/2003 99 883 240 272 District 09 NON-LANDED Horizon Twr East
    877 words
  • Page 5 Advertisements
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      Lock icon Page 5 Advertisements Column 1
      27 5 fdU Two Exclusive 2-storey Bungalows at Gallop Park n Land: 15,800 sf Land: 14,800 sf to Built-up: 7,790 sf Built-up: 4,250 sf W f&ttPool Fountain Swimming Pool
      27 words
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  • Article, Illustration
    Lock icon FINANCE
    1058 6 Transaction date: Feb 7 DfTERBAMI CROSS RATES A$ C$ gwb Euro HX$ hid fe luffiah Yen Won RM *2$ Pak fr Eeto SS »and Sfr MT$ Bakt torn* USS Australia 0.899 4.908 0.549 4311 28.199 52.438 0.711 7.000 2.246 1.079 34.293 31.893 1.031 4.991 0.805 20.534 25.357 0.363 0.591
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  • money personal investment
    • Article, Illustration
      Lock icon Picking the winner
      707 6  -  By Teh Hooi Ling I IN the past year or so, our Show Me The Money column has tested the effectiveness of various trading strategies. These include buying companies with the lowest price-to-book (PTB) ratios, those with the lowest price earnings (Pi) ratios as well as portfolios
      AFP  -  707 words
    • Article, Illustration
      Lock icon The rarefied world of privileged banking
      771 6  -  Banks are wooing the moneyed class ardently, reports SIOW LI SEN SIOW LI SEN AT a recent night out with friends, L Weng flashed her DBS Treasures card at the Cafe at Hyatt Hotel and got $70 worth of drinks slashed off her bill,
      771 words
    • Article, Illustration
      Lock icon Elec & Eltek has good risk/reward profile
      1170 7  - Elec Eltek has good risk/reward profile show me the money Though its shares are more volatile than the market, its December quarter orders are up and new clients are flowing in teh hooi ling LAST week, we used the discounted cashflow model to value the Straits Times Index. This week,
      1,170 words
    • Article, Illustration
      Lock icon Insurance protection that babies need
      468 7  -  Grace Lim Principal Financial Services Director i-Bentfit Pte Ltd WRITE in if you have been given the run-around or are frustrated with your insurer, banker, broker, finance company, financial adviser, etc. Or perhaps you are looking for advice for your specific situation? The Business Times
      FILE PHOTO  -  468 words
    • Article
      Lock icon Striking the right balance in family financial planning
      122 7 V .-v i~M|j»Qanarflfiatvc aaA xi i %jjx& iff swogenerauons ago, ix was not unW U 7*o ncffr jHffrHyifrtflf •#(Knftry tfiiiiH fift tnut of Ctnm And eventually when tfcey cot old the parthe children the better P < (ft aflßSlti* to nursery and
      122 words
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  • news at home
    • Article, Illustration
      Lock icon S'pore foreign reserves up 2% in Jan to $145b
      290 8  -  eye on the economy By Elgin Toh SINGAPORE'S foreign reserves rose 2 per cent to *****.6 billion at the end of January, according to preliminary figures released yesterday by the Monetary Authority of Singapore. This was a second consecutive monthly increase,
      Source: MAS  -  290 words
    • Article, Illustration
      Lock icon Property consultants' bottom lines up
      811 8  -  EXCLUSIVE Outlook this year mixed, with return of confidence seen in second half By\ Kalpana Rashiwala MAJOR property consultants here generally improved their bottom lines last year by cutting costs. But their views on the outlook this year are mixed, reflecting the cloud of uncertainty
      FILE PHOTO  -  811 words
    • Article
      Lock icon A crucial period for Singapore: SM Lee
      408 8  -  We will know between < March and May whether 2003 will be a better year By Chuang Peck Ming SINGAPOREANS will know between March and May whether 2003 will be a better year, according to Senior Minister Lee Kuan Yew. By then, he
      408 words
    • singaporeroundup
      • Article
        Lock icon Shows Denko opens Singapore subsidiary
        129 8 SHOWA Denko KK (SDK), Asia's largest ethyl acetate maker, yesterday officially opened its subsidiary in Singapore, Showa Denko HD Singapore (SHDS). The setting up of the subsidiary follows SDK's purchase of the hard disk (HD) business of Japan's largest chemical firm, Mitsubishi Chemical (MCC), last
        129 words
      • Article, Illustration
        Lock icon SIM starts profit-oriented international arm
        225 8 AFTER almost 40 years as a nonprofit set-up, the Singapore Institute of Management (SIM) is going commercial but only in overseas markets. To do that, it has formed SIM International (SIMI) in partnership with the Economic ment Board. SIM has invested $7 million in the
        225 words
      • Article
        Lock icon S`pore-China strengthen aviation ties
        136 8 SINGAPORE and China have strengthened their civil aviation ties by establishing the China-Sin-gapore Airport Management Academy and the China Civil Aviation Scholarship, the Civil Aviation Authority of Singapore (CAAS) announced yesterday. The new agreements were signed by Singapore's Minister for Transport Yeo Cheow Tong and China's
        136 words
      • Article
        Lock icon Application for Bukit Ho Swee reserve site accepted
        86 8 THE Singapore Land Authority has accepted an application for a reserve site at Bukit Ho Swee to be released for tender. The reserve price or the minimum price the successful applicant has undertaken to bid when the site is released for tender
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      • Article, Illustration
        Lock icon S'pore fund manager bags UK award
        265 8 HOMEGROWN APS Asset Man- agement has become the first Singapore fund manager to clinch a UK-based award, for which candidates are nominated by investment consultants. APS won in the Asia-Pacific equities category. In US-dollar terms it achieved returns of 13 per cent and 26
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  • Page 8 Advertisements
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      Lock icon Page 8 Advertisements Column 1
      112 8 JUST STEAK At The Riverwalk #01-42 20 Upper Circular Road Singapore ■■pppi*' 1 1 4v Q I'rl :ißa /s proud to introduce our new Head Chef Christopher Miller a talented, creative young chef from Sydney, Australia with a stylish, simple approach to preparing our signature USDA Prime aged Beef, Colorado
      112 words
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  • news executive jobs
    • Article, Illustration
      Lock icon Not quite extinct
      974 9  -  Jobs in the banking industry haven't gone the way of the dinosaur yet There are places to be filled in financial planning, finds MICHELLE QUAH MICHELLE QUAH IT'S becoming an old joke in the financial circles: What's a rare sight these days? Dinosaurs, and banks on a
      AFP  -  974 words
    • Article
      Lock icon APPOINTMENTS
      207 9 Pan Pacific has new GM PAN Pacific Hotel in Singapore has a new general manager in Scott Swank, a veteran in the hospitality industry, who has replaced Yasuhiro Uetani. An American holding Singapore permanent resident status, Mr Swank graduated from George Washington University in 1979 with a Bachelor of
      207 words
  • Page 9 Advertisements
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      Lock icon Page 9 Advertisements Column 1
      255 9 WBL CORPORATION LIMITED (Incorporated in the Republic of Singapore) LOST STOCK CERTIFICATE The following stock certificate has been reported lost or destroyed:Certificate .No. In the name of Stwfc of Ssl.QPflytl *****5 Teoh Beng Cheang Holdings 1,750 Sdnßhd NOTICE IS HEREBY GIVEN that if within fourteen (14) days from the date
      255 words
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  • news region
    • Article, Illustration
      Lock icon Syed Mokhtar acquires 15% of rice importer
      417 10 RMIOOm purchase was made through his Gandingan Bersepadu: report [KUALA LUMPUR] In apother strategic acquisition, business tsar Syed Mokhtar A 1 Bukhary is said to have bought about 15 per cent of Padiberas Nasional Bhd (Bernas) Malaysia's sole licenced rice importer for RMIOO
      417 words
    • Article
      Lock icon Taiwan, Bangladesh move to secure oil stockpiles
      549 10 Bloomberg [TAIPEI] Chinese Petroleum Corp, Taiwan's state oil company, has doubled its stockpile of crude oil, while Bangladesh said it may rent storage space in Singapore and other Asian countries to hold oil reserves in case supplies are disrupted because of war in
      Bloomberg  -  549 words
    • Article, Illustration
      Lock icon Bright lights, evolving denizens
      617 10  -  Ifittevfram by eddie toti LIKE the ever-changing landscape of the Malaysian capital, Kuala Lumpur's close to two million denizens have evolved rapidly in the past few years. Yes, the übiquitous "mamak stalls" are still there, but in less than a decade, many KL residents have also
      FILE PHOTO  -  617 words
    • inbrief
      • Article
        Lock icon Cut in Indon deposit guarantee
        95 10 Reuters [JAKARTA] Indonesia expects to unveil a new scheme in the coming weeks to reduce the coverage of its costly blanket bank deposit guarantee, a move that could speed up consolidation in the fragile banking sector, government officials said yesterday. The reduced guarantee is likely
        Reuters  -  95 words
      • Article
        Lock icon Conflicting PCCW statements
        106 10 Reuters [HONG KONGJ The Hong Kong stock exchange yesterday said it had demanded an explanation from fixed-line telecom operator PCCW Ltd after noting discrepancies between two statements regarding its approach to British telecom carrier Cable Wireless about a possible takeover bid. Following reports that it had made
        Reuters  -  106 words
      • Article
        Lock icon Boeing price cut offer to India
        114 10 Bloomberg [BANGALORE] Boeing Co said it is willing to cut prices to win an order from Indian Airlines Ltd, which has chosen to buy 43 planes from rival Airbus SAS. "We are willing to work with Indian Airlines and the Indian government and we
        Bloomberg  -  114 words
      • Article, Illustration
        Lock icon Longest steel arch bridge
        59 10 AFP [SHANGHAI] Construction was due to be completed yesterday on the world's longest steel arch bridge in the Chinese city of Shanghai, state press reported. At 550 metres, the Lupu bridge will be 32 metres longer than the current longest steel arch bridge which spans the
        AFP  -  59 words
      • Article
        Lock icon Shell keen on M'sian LNG stake
        76 10 Bloomberg [TOKYO] Mitsubishi Corp and Royal Dutch/Shell Group plan to buy back almost a third of a 25-year-old Malaysian liquefied natural gas project that they had to sell under a 1978 agreement with stateowned Petroliam Nasional Bhd. Mitsubishi and Shell, which are selling a
        Bloomberg  -  76 words
      • Article
        Lock icon Philippine peso dips to new low
        72 10 AP [MANILA] The Philippine Central Bank yesterday said it did not intervene to support the weakened peso, which plummeted to its lowest level against the US dollar at 54.100 cm concerns over the increasing likelihood of a war in Iraq. The US dollar extended
        AP  -  72 words
    • Article
      Lock icon Time to forge alliances for chip foundries
      742 10  -  Soaring research and production costs make partnerships imperative From Macabe Keliher in ffsinchu, Taiwan THE head of one of the world's leading made-to-order chip makers, or foundries. United Microelectronics Corp of Taiwan, has sounded an ominous note about the semiconductor industry it is
      742 words
  • Page 10 Advertisements
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      Lock icon Page 10 Advertisements Column 1
      759 10 IN THE MATTER OF I"" IN THE MATTER Of THE COMPANIES ACT, CAP 50 THE COMPANIES ACT, CAP 50 AND AND IN THE MATTER Of IN THE MATTER Of ASP.COM PTE LTD IMJNK SOLUTIONS PTE LTD (In Creditors' Voluntary 0" Creditors' Voluntary Winding-Up) SPECIAL RESOLUTIONS PASSED SPECIAL RESOLUTIONS PASSED ON
      759 words
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  • news world
    • Article, Illustration
      Lock icon Oil nears 2-yr high, markets retreat on war fears
      739 11 US$ regains ground, gold finds support from European investors Bloomberg NYT Reuters [LONDON] Oil markets raced close to two-year highs and global share markets weakened after US President George W Bush warned Saddam Hussein that "the game is over" and called
      Bloomberg; NYT; Reuters; Source: Bloomberg; AP  -  739 words
    • Article
      Lock icon Bush gives upbeat report of US economic outlook
      541 11 He plays down impact of deficits this year and next Reuters [WASHINGTON] President George W Bush presented Congress yesterday with an upbeat assessment of US economic prospects, predicting a pick-up in growth later this year while playing down the impact of ballooning
      Reuters  -  541 words
    • Article
      Lock icon Japan's Cabinet urged to buy stocks
      250 11 AP Reuters [TOKYO] Japan's economy minister is calling on fellow Cabinet members to invest in the flagging Tokyo stock market to help prop up the nation's stumbling economy. Heizo Takenaka said yesterday he plans to buy exchange traded funds himself and has urged other
      AP; Reuters  -  250 words
    • inbrief
      • Article, Illustration
        Lock icon Deutsche Bank reports strong start to 2003
        113 11 Bloomberg [FRANKFURT] Deutsche Bank AG, Europe's largest bank, said it had a "strong start" to 2003 after cutting costs and selling assets. The German lender nude a loss for the fourth quarter after writing down the value of investments. It posted a net
        Bloomberg  -  113 words
      • Article
        Lock icon Johnson & Johnson eyes biotech firm Scios
        113 11 Johnson Johnson eyes biotech firm Scios Bloomberg [NEW BRUNSWICK, New Jersey] Johnson Johnson, the world's sec-ond-biggest healthcare company, is in talks to buy Scios Inc, an unprofitable biotechnology company that sells the heart drug Natrecor, for about US$2 billion, the Wall Street Journal reported. Johnson Johnson will pay about US$45
        Bloomberg  -  113 words
      • Article, Illustration
        Lock icon Van Gosh for a song — almost
        157 11 Van Gosh for a song almost AFP [TOKYO] An early Van Gogh oil painting (above) would have changed hands for just about US$BO as the work of an anonymous artist at an auction scheduled for the weekend, if not for a last- minute seal of authentication. The Van Gogh Museum
        AFP; AP  -  157 words
      • Article
        Lock icon Tokyo okays corporate tax based on company size
        114 11 AFP [TOKYO] Japan's Cabinet yesterday approved a draft bill to allow local governments to levy corporate tax on the basis of capital size rather than profits, despite strong opposition from the business community. Under the bill, even loss-making companies at net level
        AFP  -  114 words
      • Article
        Lock icon GM pays more for staff healthcare than for steel
        86 11 Reuters [NEW YORK] Last year, the world's biggest car maker, General Motors, shelled out US$4.5 billion on healthcare for its workers more than it spent on steel. Many US companies, already squeezed in a tight pricing environment, are facing a growing
        Reuters  -  86 words
      • Article
        Lock icon NY puts top prosecutor on Quattrone's case
        71 11 Reuters [NEW YORK] The New York State At-torney-General's office has assigned a top prosecutor to the inquiry into the activities of Credit Suisse First Boston investment banker Frank Quattrone. The Wall Street Journal yesterday quoted people close to the matter as saying the
        Reuters  -  71 words
    • Article, Illustration
      Lock icon Mandela the artist
      296 11 AP HE may not quite fit with those legendary talents, but at age 84, revolutionary-turned-peacemaker Nelson Mandela has taken charcoal to canvas and transformed himself into a top-selling artist. In just five months, the former South African president and Nobel Peace laureate has sold more than 1,000
      AP; AP PHOTOS  -  296 words
    • Article
      Lock icon Wal-Mart earnings rise beats its own forecast
      255 11 Bloomberg [BENTONVILLE, Arkan sasj Wal-Mart Stores Inc. the world's largest retailer, said annual net income rose to US$l.BO a share, more than the company's forecast, because shoppers bought more profitable items such as flat-screen television sets. Net income was two cents a share
      Bloomberg  -  255 words
  • Page 11 Advertisements
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      Lock icon Page 11 Advertisements Column 1
      122 11 Since 1975 our worldwide staff of over 275 multi-disciplined HkAfcincluding lawyers chaterec accountants JK I chartered secretaries ana banners have 'Z LL y p'oviaed confiaentiai and cost e"ect ve jfyT? y company formation.m all the major lo.v ta* areas including Th© WOrld S Incorporation Fees from USSSOQ I I- FuJ'
      122 words
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  • style motoring
    • Article, Illustration
      Lock icon Something for everyone
      1281 12  -  Twice a month. That's the average rate of executive and luxury car launches here this year. New bread-and-butter choices, meanwhile, number half a dozen. CHRISTOPHER TAN navigates you through the bonanza CHRISTOPHER TAN The staples THOSE arriving include the Renault Megane, Ford Fiesta, Ford Fusion, Honda City,
      1,281 words
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  • Article
    Lock icon STOCKS ASIA
    4489 13 i Transaction date: Feb 7 for more, go to iirunrnsiaonenmarketsjom HONGKONG V«J HKRM-I 1.23 001 282 HKS '000 Hong Kong Electric 2935 0 05 2649 Hongkong Chinese .0.64 unch 656 Alpha General 024 uncti 0 Hongkong Chinese Ltd 0 64 uncti 656 Arvanda Wing On 0.01 uncti 3620
    4,489 words
  • Article
    Lock icon KLSE
    2209 13 Transaction date: Feb 7 KUALA LUMPUR —H5 ¥o i FS8M 1.68 unch 0 KM *1- roam FW Industries 016 unch 0 Gadana 1*1 unch 0 ASM Realty 0 76 rndi 0 J® "®5* Aboc 0.93 004 58 GanadCorp 0.96 unch 7 ACP Industries .289 unch 11 5 ene,4 p
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  • Article
    Lock icon SGX
    775 13 Transaction dale: Feb 7 »w> —> 1 Oaaa Owe* Ijee*** 1 O— Omgp CK 0 44 3JC0 +O OX MMSaect 50c 051 2.070 *44W CaprtaLand 1.16 10*) *4050 OCBC 898 8450 4050 Chart 5mCond 26c 042 0 605 4010 OUf 057 5.050 *04» Dry 0*v 50c 1 93 3100
    775 words
  • Article
    Lock icon BONDS & WARRANTS
    506 13 BONDS WARRANTS Laat Vol Can lav 'Sk few *32 Gmmm «t- fl> —1» Mb U> AST1W*****1 17 5 1 16 205 0 63 16 ACTIW Ud W*****6 2 1 50 767 3.00 21 Arntak W0506W H5 -1 5 1 33 1 1.42 28 Armstrong W040S20 03 1 10 91 1100
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  • style shopping
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      Lock icon Culture club
      654 14  -  Looking for something with heritage? CHEAH UI-HOON checks out the stores CHEAH UI-HOON CULTURE shopping or buying designer items with Asian-in-spired motifs and an Oriental twist have been around since, well, the Silk Route days. As old as cross-cultural commerce itself, today's merchants and craftsmen continue to pander
      CHRIS LOH  -  654 words
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      Lock icon Bargains galore at Liang Court today
      303 14  -  By I Stephanie Yap l,lain Li court snopping centre will hold a second three-hour sale today, following the overwhelming success of its first sale last August. Like its first sale, more than 500 items from over 70 shops and restaurants are up for grabs
      303 words
    • instore
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        Lock icon Immortal love
        105 14 The latest take on tea-infused products is Bvlgari's au the blanc perfume where white tea is the main ingredient. The fragrance is supposed to carry warm, intimate and spiritual notes which evoke "moments of relaxation and well-being for the body and mind". Why? Because white tea was used
        105 words
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        Lock icon Pamper him with scent
        93 14 When you give a man a new fragrance, you're not saying he smells bad—just that you want to pamper him a little more. In which case, The Body Shop's new men's fragrance range —comprising aromatic Kistna, spicy Javari and sensual Arber have made it just in
        93 words
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        Lock icon Valentine beanies
        77 14 Some women (and men) still have a soft spot for teddy bears especially if they're Ty. With many Ty beanies having become collectibles, these three fellas may well be more than just cutesy Valentine's Day gifts. They've just arrived in the stores and are appropriately named for the
        77 words
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        Lock icon Phone your love through
        156 14 Don't just send her a love MMS, send her every woman's dream handphone Samsung's SGH-T500. The luxurious handset glows in exciting colours like Ruby Red, Sapphire Blue, Pearl White and Topaz Gold and its external screen is framed by a line of diamond-like cubic zirconia. Besides
        156 words
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        Lock icon Events
        245 14  -  Compiled by CORINNE KERK, MICHAEL CHUA Liang Court: $1 Sale: be the first 500 shoppers to purchase a bag of one kg rice, a bottle of 1.5 litre Coca Cola, two bundles of Myojo Instant noodles (pack of five per bundle), a bottle of Listerine Tartar Control mouthwash, Clorets
        245 words
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        Lock icon Delectably chocolate
        56 14 Here's something that's always appropriate for the occasion, whether you're just friends or the greatest of lovers a heart-shaped box of chocolates. Made by Germany's Feodora, these pralines comes in a specially wrapped box and contains assorted flavours like coffee, walnut and almond. Available for $19.90 at The
        56 words
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        Lock icon Chiang Mai chic
        56 14 Can't afford to buy her diamonds? Then get her some pretty silver jewellery from Thailand. These bohemian-looking handmade pieces are crafted by hill tribes in Chiang Mai, and are perfect for the weekend. The necklace costs $59.90, while the matching bracelet is priced at $39.90. Available at
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  • style consumer alert
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      Lock icon sound & fury
      1070 15  - sound fury Got a great plasma TV but terrible speakers? Help is on hand. R SIVANITHY shops around for a home theatre system that can happily satisfy both the audiophile and the movie buff R SIVANITHY WHEN home entertainment systems made their appearance several years ago, hi-fi buffs everywhere scoffed
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    3172 15 UNIT TRUSTS FUNDS Commenb** Asset Mot Com Global Finance Index Fd 0 691/ iMimteMiiMK'nani Com Global Lifestyle lnde» Fd 0 77V 0 5V Com Global Health Index Fd 0 741/ iiaS Com Global Telecom Index Fd 0401/ O iw Com Global mfotec Index Fd!" 0 253/ sti A Com Global
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  • style food
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      Lock icon Rise and shine
      1055 16  -  GEOFFREY EU foregoes sleep to suss out the best breakfasts to start, and even end your lazy weekends GEOFFREY EU Breakfast may be the most important meal of the day, but leftover pizza and Hokkien mee washed down with OJ or a less-than-nutritious soft drink won't do
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      Lock icon Feeding S'pore's passion for food
      352 16  -  By Corinne Kerk So, Singaporeans are not passionate enough, huh. Well, that depends on what you're talking about. Because if there's one thing that never fails to generate passion and excitement, it's food. This is no frivolous claim, evidenced not only by the long queues
      352 words
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      1372 16 Just answer two simple questions correctly to be in the running for 15 pairs of passes to the Cuflnary Masterclass** at the World Gourmet Summit 2003! The masterclasses will give you a chance to watch international culinary maestros demonstrate their signature creations in an interactive classroom environment and be among
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    Lock icon style entertainment
    703 17 Isi sfi] rJ /i FiuiHJT A Chinese fairytale The Lincoln Centre Festival's The Peony Pavilion(above) now showing at The Esplanade Theatre, Feb 6-16, $30-$l2O, tickets from Sistic is doubtlessly one of the finer examples of opulent, lavish opera. An intricately designed traditional Chinese set, complete with koi pond
    703 words
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    Lock icon SGX MAINBOARD
    5521 17 TYarisaction date: Feb 7 for live prices, log on to iuwwxisiaonewarketsxx)m S2-M last Vol Day LkiQmM* G(Ow On GrYld Mrt MCac W# Uw Clipn) Sale *4- fO) M0i L—I —yr S*f CV W W ABNAmroNLG 56c 9 12 3.4 1388 205 9 ACE Dynamics20c 11.5 >0 5 38
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    Lock icon SGX XTRANET
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    328 17 ***** IM VU Oar WOMl GrOw Mr GrVM MM WCk> I»Uk 'II W- fft ft* U» Ww Cw Pg fcJ 115 AVJennings A25c A99 *2 63 99 97 97 99 40 3.4 10 1 5* 213.1 Cathay Pac 20c MK720 265 II 74 6 *****2 Cheimg KongSOc HK17W
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  • style sport
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      Lock icon Billionaires' boat race
      1078 18  -  VINCENT WEE gives a run-down of the men who throw millions of dollars into the wind in the quest for America's Cup glory VINCENT WEE THE America's Cup yachting challenge which begins off Auckland next Saturday has always been more about the monied men who have ploughed
      AFP  -  1,078 words
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      Lock icon World Cup that's not-so-cricket
      1057 18  -  frankly speaking amit roy AS the cricket World Cup opens today on the African continent, the game might appear to be at the zenith of its popularity. There is more money in the game today than ever before, its superstars are dollar millionaires and countries as
      1,057 words
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      139 18 I Toasting our top money managers The 2003 Investment Fund Awards, to honour the managers of the top performing funds, will be held on Friday, Feb 21, at the Island Ballroom Shangri-La Hotel. The guest of honour will be Mr Hsieh Fu Hua, CEO designate of the Singapore Exchange. This
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      863 19  -  If your back is already killing your game, some treatments may provide relief. SEAMUS PHAN looks at the available options SEAMUS PHAN THE perfect golf swing the illusive perfection that every professional and amateur golfer seeks. And yet with every swing, you could be compounding your already
      REUTERS  -  863 words
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      Lock icon Self-help
      321 19 Exercise Hyperextending your back for the game. Lie face down on a firm mattress. While exhaling, arch your spine by raising your legs and shoulders at the same time. Hold the arched position for a split second to feel the contraction and then gently return to the flat position,
      ARTHUR LEE  -  321 words
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      Lock icon healthchecks
      969 19 Q: After i rocont chock, my total choieiterol Itvtl w found lo bo 220 and I was told this was on the "high side". Is It dangerous? What should a parson's ideal cholesterol level bo? Also, a frland ■nlloweil jliLij ah,, a- a an n .a a aw a
      969 words
    • Article
      Lock icon healthnotes
      249 19  -  Compiled by CHEAH UI-HOON Endometriosis survey The Endometriosis Association (Singapore) Pelvic Pain and Endometriosis Survey is set to announce its first set of figures from its online survey which began a year ago, so there's still time to log on and be counted if you suffer from the disorder
      249 words
    • healthbeat
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        Lock icon Whirlpool risks
        152 19 AFP [PARIS] Whirlpool baths could be perilous for people with kidney disease or high blood pressure, German doctors say in a letter published on Saturday in The Lancet, the British medical weekly. They report the case of a 36-year-old man with kidney disease who took a high-pressure Jacuzzi
        AFP  -  152 words
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        Lock icon It's hormone therapy, baby
        230 19 Reuters (LOS ANGELES] A dramatic increase in the number of premature babies might be brought under control if high-risk pregnant women received injections of a readily available hormone, according to new research. Injections of a synthetic form of the naturally occurring hormone progesterone were shown to
        Reuters  -  230 words
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        Lock icon Slowing down myopia
        213 19 AFP (SINGAPORE) Atropine, a drug used to help revive heart attack victims, can slow down myopia in children, Singapore eye doctors said yesterday after conducting tests on 400 youngsters suffering from short-sightedness. Doctors from the Singapore Eye Research Institute (SERI) presented their preliminary findings on the use
        AFP  -  213 words
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  • style pursuits
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      Lock icon black tie at angkor
      461 20  -  The spectacular Angkor Wat provides a memorable backdrop for a very special dinner, writes GEOFFREY EU GEOFFREY EU THERE are just two traffic lights in downtown Siem Reap, a dusty, unremarkable yet reasonably charming provincial town in northwestern Cambodia whose chief allure is its proximity to
      PHOTOS BY GEOFFREY EU  -  461 words
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      Lock icon weekendtrivia
      721 20  -  with jaime ee It's weird, but it happens. Fanny things, that is. Here's a round-up of same of the stranger news that took place around the world and at home this week. By the way, we didn't make all of this up. Well, just some ofiL. Who died and
      721 words
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      227 20 t itftj'-tfiM F 4 .y<: HH^Blff¥r^TM^^ir^ J tTT fi '4ti#" |V gSfiMBBFro < ov' 4^H Mpfj\ ■i t£ >* &S KfiKal3ilis*: \v i fi** L f f r 3*3 f>il!i *s|§§ It's Singapore's finest dining privilege program Citibank Gourmet Pleasures has always given our IJSHMHJm) credit cardmembers unparalleled choices and
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