The Business Times, 28 February 2004
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2004-02-28
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The Business Times
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Title Section11 2004-02-28 1 MITA (P) 024/03/2003 THE BUSINESS TIMES weekend SINGAPORE FEBRUARY 28-29, 200411 words
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Article, Illustration850 2004-02-28 1 vikram khanna - COMMENTARY vikram khanna AT a BT Roundtable to discuss the Budget presented in Parliament yesterday by Deputy Prime Minister and Finance Minister Lee Hsien Loong, the nine participants were at a loss to come up with a pithy description that summed everything up. No, it wasn't850 words
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1038 2004-02-28 1 Anna Teo - DPM Lee delivers nearly $lb in tax savings as he trims corporate tax to 20% but defers personal tax cut By Anna Teo [SlNGAPOßE] If one theme ran through Finance Minister Lee Hsien Loong's Budget speech yesterday, it is a move towards1,038 words
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Advertisement19 2004-02-28 1 V A w i I V. MOTORING JBmjßP' Why you would love the BMWS2Oi. PAGE 16 8! J! 111!19 words
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Advertisement208 2004-02-28 1 PROPERTY Development charges for nonlanded homes up 2.3%. PAGE 8 At 5.36% p.a., our 3-month interest rate for Australian Dollar time deposit is the highest in town you'll also get top rates on our New Zealand Dollar, Euro and US Dollar time deposits.* To enjoy these rates, make your deposit208 words
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Advertisement25 2004-02-28 1 RAFFLES CONVERSATION IA Mukesh Aghi, the first CEO of HhBS Asia's first e-university, hopes to turn the world of university education upside down. PAGE 925 words
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Advertisement79 2004-02-28 1 v i#' i, 'm. Si 4. if W* THE FORBES RICH LIST Old money still rules ampag Fbrbes S'pore billionaires. PAGE 8 $m' 9Sw i«. JW 'if- INSIDE BT Roundtable: Budget foreshadows tough policy challenges ahead, Page 2 Corporate tax cut seen lifting Singapore profits by 2.5%, Page 3 Bigsteps79 words
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singapore budget
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Article, Illustration401 2004-02-28 2 INCOME TAX Corporate tax cut from 22% to 20% (cost $800 m) Personal income tax cut deferred but goal still 20% WEALTH MANAGEMENT Tax exemption for specified S'pore-sourced personal investment income from financial instruments Tax exemption for all foreign-sourced personal income received in S'pore (cost401 words
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Article, Illustration1096 2004-02-28 2 Wong Wei Kong - BT ROUNDTABLE Panelists note growing importance of social and demographic issues By Wong Wei Kong [SINGAPORE] IT'S not an easy budget to pin down, and could even be seen as conservative or reactive, but it does contain key underlying messages that touch on1,096 words
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556 2004-02-28 2 Genevieve Cua - Thanks to clearer rules on remittance, tax exemption on investment income By Genevieve Cua [SINGAPORE] Wealth structuring will soon become much simpler for high net worth Singapore residents, who up to now have had to park money offshore because the tax556 words
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Article, Illustration185 2004-02-28 3 1980: Part of off-Budget measures in Nov 1996. 2001:50% rebate on the first $25,500 of tax payable, and 5% rebate on balance tax payable. Part of off-Budget measures in Oct 2001. 2002:5% rebate is over and above the new tax exemption scheme effective from YA 2002. Part of off-Budget measuresSource: Ernst & Young; Source: Ernst & Young, KPMG - 185 words
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Article, Illustration782 2004-02-28 3 Angela Tan, enneth Lim - Companies like SMRT and SIA will also benefit from write-backs of deferred tax By Angela Tan, enneth Lim THE two percentage point cut in the corporate tax rate will boost overall Singapore profits 2.5 per cent, but companies such as SMRTSource: Citigroup Smith Barney - 782 words
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376 2004-02-28 3 Siow Li Sen - Those who do so can gain more than the 2% tax differential: tax consultant By Siow Li Sen WEALTHY individuals and entrepreneurs have been given another incentive to corporatise, with the government deferring a cut in personal income tax. The government said yesterday that376 words
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920 2004-02-28 3 Tan Khee Giap - COMMENTARY The deliberate policy of reducing the size of the public sector was re-emphasised in the Budget By Tan Khee Giap IT is useful to begin with some idea of the size of Singapore's public sector from an international perspective. A simple way is to compare920 words
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Article345 2004-02-28 3 Anil Thadani, chairman of Parkway Holdings and Schroder Capital Partners (Asia) Cutting of corporate taxes is always welcome. It's a boost to the bottom line. Singapore International Chamber off Commerce The Chamber is very positive on the Budget as it focuses on building new competitive industries while sustaining critical existing345 words
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389 2004-02-28 4 Tang Weng Fai - Companies await details of enterprise promotion proposals By Tang Weng Fai COMPANIES are taking a cautious approach to new initiatives to encourage enterprise, knowing that the devil is in the details as most expect more details to be released in the coming389 words
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Article, Illustration432 2004-02-28 4 Samuel Ee - By Samuel Ee NEW car prices have fallen after the government cut the Additional Registration Fee (ARF) from 130 per cent of Open Market Value (OMV) to 110 per cent. But.motor traders expect them to rebound with the resulting surge inFILE PHOTO - 432 words
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388 2004-02-28 4 Vince Chong - By Vince Chong AS one property developer put it, nothing happened for the sector in Budget 2004. He is only half-right, as residential real estate was left quite alone. But industry insiders say office property could enjoy an indirect boost from Budget388 words
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615 2004-02-28 4 Raju Chellam - S'pore can become a hub for high-value outsourcing activity By Raju Chellam THE push to boost outsourcing and e-commerce outlined in the Budget should help Singapore achieve its aim of being on the cutting edge, according to615 words
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536 2004-02-28 4 Chuang Peck Ming - By Chuang Peck Ming THE new 'S' work pass for foreign workers unveiled in the government Budget is precisely what companies short of mid-level skilled workers want: it will make it easy for them to hire these workers from overseas when536 words
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444 2004-02-28 4 Taila Krishnakumar - By Taila Krishnakumar LOCAL businessmen yesterday expressed the hope that the government's new schemes will attract foreign companies to establish a regional foothold in Singapore. At the same time for companies that are already here, this means additional sweeteners and less uncertainty. The new444 words
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Article, Illustration339 2004-02-28 4 Inderjit Singh, MP for Ang Mo Kio GRC It was a very conservative set of measures that were announced, particularly for our local businesses. Ido not see a significant impact in the area of helping them to reduce costs. But in the area of promoting entrepreneurship and making Singapore a339 words
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Article, Illustration676 2004-02-28 5 angela tan - A tweak here and there isn't going to hack it, instead new radical polices are needed to reverse the population decline angela tan LONGER maternity leave, cheaper childcare services and more attractive tax incentives these are some of the enhancements the government may676 words
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575 2004-02-28 5 They get paid leave of close to two years, divided between the couple EVEN as Singapore ponders a "more comprehensive approach" to tackling the problem of falling birth rates, it's clear that procreation measures here are unlikely not in the foreseeable future anyway to575 words
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Article, Illustration682 2004-02-28 5 Changes in fertility policies over the years Singapore Family Planning and Population Board (Act established to develop national fertility policy 1909 JMM I Singapore Family Planning and Population Board (SFPPB) set up to provide famly planning services to general public IMI imm i Maternity682 words
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Article311 2004-02-28 5 DPM Lee Hsien Loong in the 2004 Budget Statement: Firstly, the aim of our measures must be not just to produce more children, but to produce the next generation of Singapore citizens. We want to grow the total population of Singapore, but equally important, we also have to311 words
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Article, Illustration268 2004-02-28 5 Lee Kwok Cheong, CEO, NCS Pte Ltd It is a pro-innovation, pro-outsourcing and pro-procreation budget. Amy Khor, MP for Hong Kali GRC I think in some sense it is like a nation-building budget because you are targetting long-term macro measures, in terms of creating more opportunities for people, procreation, looking268 words
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468 2004-02-28 6 Andrea Tan - MOH studying how to extend the measures to general hospitals By Andrea Tan PRIVATE sector healthcare providers like Parkway Holdings and Raffles Medical Group are expected to get a boost when means testing is extended to general hospitals. Both say they468 words
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Article632 2004-02-28 6 Chuang Peck Ming - 5% of value of non-core functions to be market-tested by ministries, organs of state, stat boards By Chuang Peck Ming TIGHTER government budgets announced yesterday by Deputy Prime Minister Lee Hsien Loong could mean poorer government services, but they may also spell more business for the632 words
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Article, Illustration386 2004-02-28 6 Chen Huifen - By Chen Huifen UNIVERSITY fees may have to go up in future so as not to compromise resources for basic education, going by what Deputy Prime Minister Lee Hsien Loong said in his Budget speech. He explained that it is only fair toFILE PHOTO - 386 words
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Article361 2004-02-28 6 Olive Tan, Director, KPMG Tax Services It is disappointing that there has been no reduction in the personal income tax rate and no increase in reliefs and tax rebates. However this was offset by generous tax benefits on Singapore-sourced investment income, for example, bonds and unit trusts. The deferment of361 words
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Article323 2004-02-28 6 Income tax contributions from statutory boards are projected to increase 159 per cent to $1.26 billion. Receipts from land sales are projected to decline 26.3 per cent to $1.6 billion Receipts from property tax are expected to rise 28.6 per cent to $1.8 billion, of which $1.58 billion323 words
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Article, Illustration2839 2004-02-28 7 We reproduce below excerpts of the Budget Speech by Deputy Prime Minister and Minister of Finance Lee Hsien Loong in Parliament yesterday Building the next generation Our children embody our hopes for the future. Singapore's birth rate is way below replacement level and falling. This isARTHUR LEE - 2,839 words
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Advertisement66 2004-02-28 2 Incorporation services in all major jurisdictions Global network of offices Ready-made companies available Management and administration services China business registration Accounting and trade support services Virtual office solutions Personal and corporate bank introductions TO ARRANGE A FREE CONSULTATION CONTACT: Simonne Toh T: +65 6535 3382 F: +65 6535 3991 E:66 words
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Advertisement36 2004-02-28 6 lf n Environment OTHERS 5.7% National lOA I Development BUHUPWH 3k, A bb hBi PI l Hi| ECONOMIC DEVELOPMENT GOVERNMENT Motor vehicle 13.4% ADMINISTRATION Taxes Property Tax Trade O-O /O 7.6% 6.4% Industry Transport 5.2% 7.3%36 words
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at home
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759 2004-02-28 8 Kalpana Rashiwala - Sentosa sees biggest increases for both landed and non-landed residential, as well as hotel, uses By Kalpana Rashiwala THE government yesterday raised the average development charge (DC) rate for non-landed residential use for the first time in four years. It is increasing DC,759 words
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303 2004-02-28 8 Chen Huifen - eye on the economy business receipts By Chen Huifen SINGAPORE'S business receipts index for the services industries fell 3.5 per cent in 2003, dragged down by three quarters of year-on-year contraction which was triggered by Sars in the second quarter. In the last quarter,303 words
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434 2004-02-28 8 Andrea Tan - By Andrea Tan HOW does one make the-JSartes rich list? Write inoneyißrtnnlrit^fuvWyTOT children? Sell apparel worldwide? Operate casinos? Yes, but in Singapore it pays to own a bank or a property giant. Because here, old money still rules. The five by now, familiar names of434 words
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389 2004-02-28 8 Daniel Buenas - IN PARLIAMENT By Daniel Buenas ALTHOUGH close to 40,000 homes already have access to cable, about 20,000 homes did not as at Jan 30 this year. However, the Infocomm Development Authority of Singapore (IDA) is working with Sing Tel and Star Hub389 words
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Advertisement353 2004-02-28 8 HVT)MVIIH[ Call toll-free 1800 289 8822 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF BALMORAL PLAZA PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308(1) of the Companies Act, Cap. 50, that a Final General353 words
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Advertisement215 2004-02-28 8 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF NOMURA REGIONALISATION VENTURE FUND LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING Notice is hereby given that pursuant to Section 308 of the Companies Act, Chapter 50, the Final Meeting of the Members of the215 words
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Advertisement242 2004-02-28 8 > s jflf iiBF SEMINAR DETAILS SEMINAR OBJECTIVE Date 5 March 2004 (Friday) In the first half of 2003, Singapore's Time 9am to 12.30pm economy suffered from the effects of Venue M Hotel, Banquet Suite, the SARS outbreak and the US-Iraqi Level 10 war. However, in the second half of242 words
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Advertisement17 2004-02-28 8 nn^n n? Li an he Zaobao 1 c II|n .lltiY ff^rxfTiti jf|i &-*W SJ £> I I mf17 words
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the raffles conversation
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Article, Illustration2018 2004-02-28 9 WONG WEI KONG - As the first CEO of Asia's first e-university, Mukesh Aghi, wants to bring higher education to more people at a lower cost by maximising the full potential of the Internet WONG WEI KONG finds out more. WONG WEI KONG NO boundaries. That's what Mukesh Aghi is seekingARTHUR LEE - 2,018 words
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Advertisement64 2004-02-28 9 Mm Raffles' INTERNATIONAL I louts x Kcsorts 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, the64 words
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news companies
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599 2004-02-28 10 Serena Ng - It will divest further in the years ahead, says DPM Lee By Serena Ng ALTHOUGH recent purchases by Temasek Holdings have worked wonders for some companies' share prices and profiles, the boost doesn't always last. At times, the investment holding company pares its stake599 words
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Article, Illustration1199 2004-02-28 10 KALPANA RASHIWALA - corporate analysis The developer's recent acquisitions give it enough in its landbank to sustain earnings momentum into the financial year ending March 2007, says KALPANA RASHIWALA KALPANA RASHIWALA MARCO Polo Developments has been in the limelight in recent months, ending a long dry spell characterisedARTHUR LEE - 1,199 words
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Article, Illustration669 2004-02-28 10 r sivanithy - market review r sivanithy ONE of the supreme fiction in the stock market is that rising prices always mean "bargain hunting" and falling prices always signify "profit-taking". Another, of course, is that there is a clear distinction between a speculator and an investor, the669 words
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Article, Illustration327 2004-02-28 10 Joyce Koh - By Joyce Koh FORMER Nanyang Technological University president Cham Tao Soon has been named deputy chairman of Singapore Press Holdings and a member of SPH's executive committee. And the company has appointed Willie Cheng Jue Hiang to its audit committee. Prof Cham,FILE PHOTOS - 327 words
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Article77 2004-02-28 10 STi 1,888.63 (-0.07) ST INDEX FUTURES 1,899.00 14.00) SIMSCI 229.95 (+0.35) SIMSCI FUTURES 230.60 (+1.40) Friday Change KLSECOMP 879.24 -6.M NIKKEI 225 1 1.***** ♦22ti.tW HANIi SEMI l3.JWl7.tW +232.39 SET INDEX 7IM0 »I H.IK JAKARTA COMP —761.08 -14.94 MANILA COM!' 1.4f«.l8 -2.79 TAIPEI WPI .8,750.54 57.29 SEOl'LCOMP 883.42 +18.5677 words
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Article76 2004-02-28 10 FOREX RATES US$ S$ rss (SS |)er IISS) 1.700 i(I 'SS/SS [XT <i)_ 1.862 3.167 El'RO(l'SS/S$/K). 1.246 2.118 YEN 1091 64.20 KM 3.800 2.235 HKS 7.781 4.576 HAHT 39.27 23.10 RI'I'IAH 8,454 4,972 RENMINBI 8.299 4.880 INDIAN RUPEE 45.25 26.61 AS 1.297 0.763 NZS 1.458 0.857 PRIME RATES SINGAPORE76 words
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corporateroundup
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Article59 2004-02-28 11 KOH Brothers Group has gone into the red with a net loss of $3.7 million in FY2003 compared with a $4 million gain in FY2002 (which included a one-time exceptional gain of $14.8 million). Turnover dipped 5 per cent to $302.3 million. It maintained its59 words
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Article, Illustration44 2004-02-28 11 EU Yan Sang posted a 65 per cent year-on-year increase in net profit to $4.8 million for its first half ended Dec 31, 2003. Its turnover rose 23 per cent to $64.3 million. No dividend was declared.44 words
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Article38 2004-02-28 11 APOLLO Enterprises' net losses have widened to $5.8 million in FY2003 from $4.7 million because of the war in Iraq and the Sars outbreak. Group turnover rose 3.1 per cent to $55.4 million.38 words
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Article50 2004-02-28 11 HUA Kok yesterday said it has slashed its losses for its half year ended Dec 31, 2003, to $1.91 million from $16 million in the previous first half. Its turnover declined by 29.6 per cent to $51.05 million due to the discontinuation of certain businesses.50 words
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Article60 2004-02-28 11 KING Wan Corporation Ltd, which provides mechanical and electrical engineering services, yesterday issued a profit warning for its full-year results ending March 31, 2004. It said that in view of the default in payment by one building contractor, its second half loss for the year60 words
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Article37 2004-02-28 11 ECO Water Ltd has reported an 11 per cent increase in net profit for FY 2003 to $2.34 million. Its turnover rose 22 per cent to $17.9 million. No dividend was declared.37 words
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34 2004-02-28 11 DARCO Water Technologies posted a 37 per cent rise in earnings to $2.35 million in FY2003. Turnover jumped 69 per cent to $34.1 million. Dividend declared: nil.34 words
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Article48 2004-02-28 11 GIANT Wireless Technology said yesterday that Paul Anthony Murphy has resigned as joint managing director. Mr Murphy, whose resignation took effect yesterday, remains a director until March 31. His current portfolio involving Giant's telecommunications business unit will be undertaken by managing director Joyce Liu.48 words
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Article, Illustration67 2004-02-28 11 CITIRAYA Industries, which provides recycling and processing services for electronic waste, has reported a 38 per cent rise in earnings to $16.9 million for FY2003. Turnover too rose 38 per cent to $124.4 million. The company said its plans to set up a new recycling67 words
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49 2004-02-28 11 RECENTLY listed Midas Holdings Ltd, a manufacturer of aluminium extrusion products and polyethylene pipes, has posted a net profit rise of 27.6 per cent to $9 million, on the back of a 42.3 per cent increase in revenue to $34 million. Proposed dividend: nil.49 words
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59 2004-02-28 11 EUROPTRONIC Group Ltd yesterday said it has entered into a conditional convertible bond agreement of $1.26 million with Greatland Group Ltd and Greatland's controlling shareholder Kung Jung-Chung. The completion of the agreement will take place by April 15, 2004. The bond is repayable on maturity59 words
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56 2004-02-28 11 LEE Kim Tah Holdings' net profit jumped 98.5 per cent to $10.6 million in FY2003 on the back of a 180 per cent increase in turnover to $73.1 million. The group has declared a first and final dividend of 0.8 cent per share and56 words
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Article, Illustration783 2004-02-28 11 SingLand, GuocoLand, SC Global and Sea View Hotel improve profit, while UIC narrows loss SINGAPORE Land, GuocoLand, SC Global and Sea View Hotel all posted improved bottom lines yesterday. Sing Land's full-year net earnings rose 12 per cent to $88.4 million on the back ofFILE PHOTO - 783 words
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Article, Illustration335 2004-02-28 11 Samuel Ee - By Samuel Ee HELPED by a $47.2 million exceptional item, ComfortDelgro more than doubled its net profit to $43.6 million for the fourth quarter ended December 2003. The exceptional item was a $47.2 million payment by the Land Transport Authority for commissioning costsFILE PHOTO - 335 words
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569 2004-02-28 11 Vince Chong - It pays out 12c as earnings soar to $112m; HL Finance profit down 8.2% By Vince Chong COMPANIES in tycoon 1 Kwek Leng Beng's Hong Leong stable are giving shareholders reasflk smile in the latest round of financial reports. Following Thursday's announcement of569 words
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318 2004-02-28 11 Joyce Koh - By Joyce Koh EMBATTLED Startech Electronics ended last year with all its capital wiped out. Its net loss ballooned to $23.9 million in 2003 from $3.55 million previously, and turnover plunged 74.3 per cent to $9.85 million from $38.3 million in 2002.318 words
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351 2004-02-28 11 Kenneth Lim - By Kenneth Lim FROM a loss-making first quarter, brokerage firm GK Goh Holdings bounced back with a vengeance to end 2003 with net profit almost six times that of the year before. GK Goh's full-year net profit for the year ended351 words
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Advertisement7 2004-02-28 11 C.A.T.S. Buy It. Sell It. Find It.7 words
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money personal investment
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Article, Illustration1265 2004-02-28 12 S GENEVIEVE CUA - A time for stocks a time for bonds Financial adviser Benny Ong tells GENEVIEVE CUA why he only has equities in his portfolio S GENEVIEVE CUA CONVENTIONAL wisdom says that the proportion of fixed income assets you should have in your portfolio is roughly equal to your age. That is,FILE PHOTO - 1,265 words
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Article, Illustration1064 2004-02-28 12 teh hooi ling - show me the money teh hooi ling YOU'VE been told frequently enough that diversification is good for your portfolio. By investing in assets that don't move in tandem, you can reduce your portfolio risk, or volatility, presumably without sacrificing return. Most times, the economic cycles ofCompiled by BT - 1,064 words
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Article938 2004-02-28 12 i for week beginning Feb 23 Company Meeting Hw Date T"m« Links AGM 10 Eunos Road 8 #05-31 12-Mar 10.00am Island Singapore Post Centre QtanHu AGM 71 Jalan Lekar 10-Mar 1100am Pan-United EGM Fine II, Jurong Country 5-Mar 10.00am dub, 9 Science Centre Road Guocoland EGM938 words
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Article2361 2004-02-28 13 Transaction date: Feb 27 KUALA LUMPUR ..us rm W- COOO George Kent 1" -003 172 Globetronics Tech 7.20 -005 185 ASM Realty 187 0.02 716 2.84 £0* 347 Abric .0.82 -0.03 344 GoWBndge Engrg 0.68 -0.02 867 ACP Industries 2J5 unch 189 3 74 5 06 77S Advance Synergy2,361 words
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news region
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Article, Illustration796 2004-02-28 13 INDIA'S MIDDLE-CLASS BOOM The growing appetite of Indian consumers for shopping at malls and hypermarkets is drawing global retailers to set up shop in the country Reuters WHERE once small, local grocery stores served Bombay consumers, the skyline now glitters with modern shopping malls and sprawlingReuters; AFP - 796 words
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435 2004-02-28 13 Yogi Aggarwal - S'pore is a favourite destination and many come solely to shop From Yogi Aggarwal in Bombay INDIANS are travelling abroad in great numbers and some of their favourite destinations are Singapore and elsewhere in South-east Asia. "The flights are all choc-a-bloc," says S Barodawalla,435 words
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Article193 2004-02-28 13 Reuters MALAYSIA'S economy is expected to grow 6-7 per cent this year, Deputy Prime Minister Najib Razak said yesterday, as Malaysia prepared to go the polls. "The Malaysian economy is expected to achieve 6.0-7.0 per cent growth this year given the 5.2 per centReuters - 193 words
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Article, Illustration438 2004-02-28 14 It requires all commercial banks to meet an 8 per cent capital adequacy ratio by Jan 1, 2007 to curb excessive loan growth AFP [BEIJING] China's banking watchdog announced yesterday that it will tighten capital adequacy rules in a bid to curb excessive loan growth andAFP; REUTERS - 438 words
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112 2004-02-28 14 Bloomberg [BEIJING] China's banking regulator said it plans to cap bank lending to property companies at 30 per cent of total lending, as it tries to reduce the risk of defaults. The China Banking Regulatory Commission is asking for public opinionBloomberg - 112 words
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299 2004-02-28 14 Reuters [SEOUL] South Korea's third-largest credit card issuer sacked a quarter of its workforce via mobile phone text messages yesterday, after negotiations with striking unionised workers broke down. KEB Credit Service Co sacked 161 employees, a spokeswoman for the company's parent bank said.Reuters - 299 words
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Article334 2004-02-28 14 Asia, Africa, Europe agree on new law but US, Australia demur Reuters [KUALA LUMPUR] Countries across Asia, Africa, Europe and most of Latin America yesterday agreed on tighter rules governing trade in gene-modified seeds, prompting dismay among major producers such as the UnitedReuters - 334 words
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inbrief
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64 2004-02-28 14 AP [HONG KONG] Swiss investment bank UBS said yesterday that it had suspended a stock analyst in Hong Kong who was arrested in an anti-graft investigation of a textile company. UBS said Nicholas Tan had recommended that investors buy into Kwong HingAP - 64 words
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Article73 2004-02-28 14 Reuters IK.UALA LUMfUKj Malaysian mobile phone firm Maxis said yesterday that earnings for the quarter to end-December jumped nearly five-fold to RM1.09 billion (S$487 million), spurred by growth in subscribers. This compared with a reported net profit of RM243 million in the same period aReuters - 73 words
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Article59 2004-02-28 14 Reuters [KUALA LUMPUR] Commerce As-set-Holding Bhd, Malaysia's sec-ond-biggest lender, posted a 42 per cent rise in fourth-quarter earnings yesterday, helped by faster loan growth and higher non-inter-est income. Commerce said its net profit rose to RM245 million (S$110 million) in the three months to end-DecemberReuters - 59 words
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Article70 2004-02-28 14 Bloomberg [HONG KONG] Hong Kong Exchanges Clearing Ltd, Asia's sec-ond-biggest stock market by value, said it will pay. chief executive Paul Chow HK38.2 million (551.79 million) this year. The payment to Mr Chow, who started last May, includes benefits and pension contributions, the exchange said inBloomberg - 70 words
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Advertisement199 2004-02-28 13 Call toll-free 1800 289 8822 The Role This new post will encompass representation of the Association and the industry at a senior level with the Government of Singapore and other southeast Asian markets; liaison with Singapore-based member companies and promotion of new memberships; oversight of Singapore-based training schemes such as199 words
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Advertisement187 2004-02-28 13 j Yes! I want to subscribe to one year of The Business Times and Forbes at only $208, and have a CYC 100% Cotton Wrinkle-Free Shirt tailor-made (or me (total value including gifts UPr $509), Name: (Mr/Ms/Mdm) NRIC No.: Occupation: Address: Postal Code: Contact Nos.: (H) (O) (Hp) EmaH:__ Are187 words
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Article, Illustration623 2004-02-28 14 Transaction date: Feb 27 WTERBAWE CURREWCY RATES Against S$ Against U$$ Against S$ Against US$ Currencies Bkl Offer Bid Offer Currencies Bid Offer Bid Offer ss/r/ss to 100 SS/USS to one unit of foreign currency: units of foreign Australian dollar 1.3101 1.3117 0.7707 0.7712 0 Canadian dollar 1.2652 1.2666623 words
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Article3794 2004-02-28 14 UNIT TRUSTS FUNDS com Global Finance Index Fd 0 983/ Com Global Lifestyle Index Fd 0.991/ M Com Global Health Index fd 0.888/ (Spore) Com Global Telecom Index Fd..... 0.509/ Com Global mfotec Index Fd!" 0.371/ Com Global Ener® Index Fd 1.02/ SQr Europe Bal 1.082 Com Global Travel Index3,794 words
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news world
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inbrief
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155 2004-02-28 15 Reuters [NEW YORK] Former New York Stock Exchange chairman Richard Grasso has flatly refused to return any part of the US$lBB million compensation package that led to his ouster, according to published reports yesterday. In fact, Mr Grasso argues that he is still owed US$5OReuters - 155 words
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Article144 2004-02-28 15 Reuters [NEW YORK] A California judge is set to decide whether Bank of America Corp should pay as much as US$l billion to customers who allege the bank mishandled their Social Security deposits, according to a story in the Wall Street Journal. The paper citedReuters - 144 words
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99 2004-02-28 15 AFP [TOKYO] Japan's economy is gathering strength on the back of strong exports, especially to China, coupled with a rise in domestic consumption, government data showed yesterday. Industrial output in the world's second largest economy jumped 3.4 per cent in January from December for theAFP - 99 words
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75 2004-02-28 15 AFP [WILMINGTON, Delaware] A Delaware judge on Thursday blocked tycoon Conrad Black from selling his controlling share in the Hollinger International media empire to British investors Frederick and David Barclay. In a 130-page opinion which included scathing criticism of Mr Black, vice-chancellor Leo StrineAFP - 75 words
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72 2004-02-28 15 Reuters [MONTEREY, California] Google co-founder Larry Page said on Thursday that he and other executives of the Internet's most popular search engine provider have made no statements about an initial public offering and said he was "dismayed" by the amount of conjecture being reportedReuters - 72 words
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Article, Illustration565 2004-02-28 15 Warren Buffett is second on the Forbes list of 587 billionaires which has 64 new faces Bloomberg, AFP [NEW YORK] Bill Gates, founder and chairman of Microsoft Corp, is the world's richest person for the seventh consecutive year with a net worth thatBloomberg,; AFP - 565 words
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412 2004-02-28 15 LATEST US DATA AP, Reuters, Bloomberg [WASHINGTON] America's economy, bolstered by brisk business spending, grew at a healthy 4.1 per cent annual rate in the final quarter of £003. That was even faster than first thought and offered new evidence that theAP,; Reuters,; Bloomberg - 412 words
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472 2004-02-28 15 Decision hints at evidence in probe off chip companies NYT [NEW YORK] A judge's decision last week dismissing a Federal Trade Commission antitrust case against Rambus, a designer of computer memory chips, is proving to be bad news for memory chipmakers in Asia andNYT - 472 words
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Article4936 2004-02-28 15 Transaction date:Feb 27 HONGKONG Vol HK Exchanges Clearing..20.60 -0.15 ***** HKS '000 HKR Int'l 3.00 unch ***** HK and China Gas 13.45 0.05 5775 Aeon Credit 5.95 unch 670 Hong Kong Electric 33.40 0.30 4030 Aeon Stores 5.70 unch 138 Hongkong Chinese 1.16 unch 795 AlphaGeneral 0.38 unch4,936 words
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style motoring
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Article, Illustration545 2004-02-28 16 SAMUEL EE - It may not have won fans with its looks, but the BMW 520i's handling and gadgetry are nothing to be sniffed at, says SAMUEL EE SAMUEL EE ONE way to look at the official car of Asian Aerospace 2004 is to view it as the proverbial bride in545 words
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Article, Illustration410 2004-02-28 16 Samuel Ee - By Samuel Ee BMW's new design direction may have drawn a lot of flak from aficionados of the Munich-based marque. But the company's chairman says that from the mid-1980s to the end of the *****, the German carmaker was criticised for not coming up410 words
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Article, Illustration111 2004-02-28 16 Samuel Ee - By Samuel Ee BMW will unveil the 5-series Touring at next week's Geneva Motor Show. Unlike the esoteric styling of the sedan, the estate version is immediately appealing. The handsome Touring shares the same nose as the saloon, but after the front doors, the profile flows111 words
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Article760 2004-02-28 16 Transaction date:Feb 27 TURNOVER ('000) VALUE ('OOO) Main Sdq Total Win Sdq Tttll Multtlnd 19,802 19,802 34.939 34.939 Manufacturg 275,833 63,697 339,530 282.557 23.869 306.426 Commerce 59,145 5,523 64,668 60,566 1.917 62.483 Tpt/St or/Com 106,386 946 107,332 159,619 285 159,904 Finance 42,120 1,222 43,342 202,139 854 202,993 Construction 30,311760 words
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Article706 2004-02-28 16 BONDS WARRANTS T*l last Vol Com Exor 'dSsc Goor-'klths Co4o Cinpny Solo -toe- COW) lUtto Prtco log Loft 3698 ASTIW*****1 .49 0.5 94 1 16 -3 1.37 4 3697 AcmaLtdW*****6 jO.S 1 50 461 1800 9 3602 Amtek W*****0 112 -1 10 1 33 -2 1.32 16 3603 Armstrong W040S20706 words
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Article1708 2004-02-28 16 High low Cod* company Sale COCO) Hfrh** Low C% WE "fcS M&lam cSte Company COOP) Hi*** Low Gf c£ Wt "toS J *33 WSS i S I i Hi ill 2 5 *v oj »i |i a? i! agar*.- gs 4? ?i n m 20 n 4 *u1,708 words
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Article196 2004-02-28 16 52-WV Id Last Vol Day LastQuot* GrOrv Dtv GrVM Net MCap High Low Coda Company Sate *t- 000 HI0i Low 8nyr Salter CV W Ml 193 96 6000 AV Jennings A2Sc A189 +2 57 189 186 186 190 40 8.8 5.3 7.2 4068 6001 Cathay Pac 20c HK720196 words
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Article220 2004-02-28 16 52-Wk Tel Last Vol Day Last Quote GfOtv Div GrYld Net MCap High Low Code Company Salt W- 000) High Low Buyer S Cyt M jiml 2060 2000 6065 Diamonds US2060cd 2120 ***** 6095 IS DJ US Tech US3740 6097 IS MSCI Spore US55S 6101 ISS&PS00 US8270 *****220 words
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style health
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Article, Illustration867 2004-02-28 17 Baby boomers can get a leg up as modern medicine offers new and improved options to repair a bum knee LAT-WP FOR members of a generation just awakening to the limits of their aging frames, there are a few bright pieces of news:LAT-WP; REUTERS - 867 words
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Article6809 2004-02-28 17 I Transaction date:Feb 27 52 Wk Tal Last Vol Day Last Quote GrDtv Dtv GrVtd Net MCap High Low Code Company Sale C000) High Low tuyer Seller Cvr P/E Smti 69.5 39 5 5834 A-Son* 52 +0.5 555 52 51.5 51.5 52 5 N97 0.5 154 1467 86,809 words
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Page 17 Miscellaneous
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Miscellaneous190 2004-02-28 17 CRYPTIC CROSSWORD 9 Like the chairman all at 6 One existing part of the 10 Less than half-a-dozen Irish 7 Being rain and smog aH MB pg[ f^§ 11 It may be visible coming 8 Some suspect inclusion of 12 Not thought of in bed? (8) 14 Talk of fuel190 words
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style shopping
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Article, Illustration1108 2004-02-28 18 Venerable goldsmith Poh Kong Chye is set to launch more new brands and products, starting with the theme-driven Christine, its new executives tell CORINNE KERK OULD you spend U551,998 on a new line of jewellery a butter-fly-shaped diamond pendant in white gold with necklace and matching earringsARTHUR LEE - 1,108 words
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Article, Illustration831 2004-02-28 18 The Citterio line is pitched at the luxury market, reports CORINNE KERK ATTENTION style mavens renovating homes. You may want to return those mixers and shower heads, up your budget and see if you can get the latest designer bathroom fittings into yourCHRIS LOH - 831 words
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instore
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Article, Illustration63 2004-02-28 18 A X WHO says tableware always has to be white? Not Germany's Ritzenhoff which has a unique collectible glassware collection. Each piece is a limited production design created by designers from around the world. The tableware has a playful, fun and distinctive look. This Amour Mio63 words
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Article, Illustration45 2004-02-28 18 THIS elegant slip-on with a metallic kitten heel and heart-shaped buckle is a steal at $28.80. Available in black, blue and white at Charles Keith stores, including City Link Mall, Causeway Point, Compass Point, Junction 8 and Tampines Mall.45 words
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Article, Illustration68 2004-02-28 18 SMART storage is almost like a science, and Ikea seems to have it down pat. Need a place to store clothes and towels that always seem to be lying around? Here's a neat idea the Antonius storage unit that sits pretty in any corner. Made of lacquered steel,68 words
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Article, Illustration56 2004-02-28 18 FEEL like you're in a corporate desert? Green up your desk with this cactus paper clip dispenser. Made in Germany and designed by Italian architect Stefano Giovannoni, the magnetic stem attracts paper clips to give that spikey look. Priced at $35, it's available with a blue or terracotta56 words
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Article42 2004-02-28 18 Mike Chua - Compiled by Mike Chua Millenia Walk Chalone: Fancy some sexy, alluring lingerie?Chalone's sale is now on with attractive discounts of up to 50 per cent. Best buys include genuine European lingerie labels from $19.90 to $29.90. What are you waiting for?42 words
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style pursuits/wine&dine
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Article595 2004-02-28 19 GEOFFREY EU - GEOFFREY EU talks to Tracy Chevalier about the movie version of her book Girl With a Pearl Earring GEOFFREY EU WHEN the Academy Awards are announced later this weekend, novelist Tracy Chevalier will be rooting especially hard for Girl With a Pearl Earring, an art house595 words
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Article, Illustration574 2004-02-28 19 Kantian Chandran - By Kantian Chandran LIKE a minstrel in search of an identity, the restless David Bowie's various incarnations have certainly kept his audience guessing. And that's perhaps been his saving grace in an industry with increasingly evanescent performers; keeping things fresh, if not alwaysREUTERS - 574 words
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Article, Illustration736 2004-02-28 19 Going out or staying in this weekend? We round up reviews and recommendations art Making loo-py statements There's toilet humour, and now, toilet art. The Necessary Stage's Ml Festival kicks off with an art installation Interactive Toilet Cubicles as part of their fringe programme at Parco Bugis Junction today.736 words
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Page 19 Advertisements
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Advertisement946 2004-02-28 19 wine&dine with weekendßT Tt/m;* a wide range of beverages. All-youoar+eat drunken live prawns and pepper crabs I Enjoy ttie wide variety of mouthwatertr* steamboat naoaihtuay. lei.bSMWOb are on promotion at the Orchard Cafe buffet. Along buffet Savour a sumptuous spread of Asian dishes in a Grand Plaza Pavkroyal with its946 words
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style food/travel
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Article, Illustration1420 2004-02-28 20 CHEAH UI-HOON - CHEAH UI-HOON finds that you don't have to be a member to step into the hallowed halls of some private clubs to enjoy top-flight cuisine CHEAH UI-HOON PRIVATE club equals private dining, right? That's not always the case, and not many are aware that they're entitled to enter1,420 words
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Article, Illustration879 2004-02-28 20 travellinglight VIJAY VERGHESE casts his eye over the players in the burgeoning budget airline industry and pronounces the trend a most agreeable one WHO says big is beautiful? An average Asian travelling to New York just has to contemplate the French (sorry, "Congress")879 words
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