The Business Times, 13 March 2004

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Total Pages: 18
1 18 The Business Times
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  • Title Section
    Lock icon Masthead
    8 1 MITA (P) 023/03/2004 THE BUSINESS TIMES weekend SINGAPORE
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  • Article, Illustration
    Lock icon S'pore may allow a casino to open after all
    667 1  -  Govt mulls over option as part of major resort, residential project By Chuang Peck Ming [SINGAPORE] In a major departure from its past thinking, the government may allow a casino on one of the southern islands to woo international talent, tourists
    667 words
  • Article, Illustration
    Lock icon Barisan fields new corporate faces for election
    462 1  -  Among them, Tenaga's chairman will take on PAS in Kelantan From Eddie Toh in Koala Lumpur A HANDFUL of Malaysian businessmen all new faces could spend more time in Parliament or in the state legislature than the boardroom of listed companies should they
    PHOTOS: Bloomberg, NSTP  -  462 words
  • Article
    Lock icon Spanish bombings spark fall in regional markets
    626 1  -  By Joyce Koh [SINGAPORE] Asian stock markets took a mild hit yesterday after a series of bomb explosions in Spain sparked fresh terrorism jitters, but in Singapore, the market appeared to emerge relatively unscathed from the fallout. The commuter train bombing in Spain,
    626 words
  • Article, Illustration
    Lock icon Execs, professionals again biggest retrenched group
    694 1  -  But things are looking up for these Singaporeans By Anna Teo [SINGAPORE] Professionals, managers and executives were, for the second straight year, the biggest group of local workers retrenched last year. Retrenchments fell by 14 per cent to 16,400 last year, but among those
    Source: MOM  -  694 words
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  • news front
    • Article, Illustration
      Lock icon More babies? Then let singles buy an HDB flat sooner
      707 2  -  Saturday soapbox john gee BRINGING home a girlfriend or boyfriend for the first time is one of the more nerve-wracking experiences of many people's lives. It is one of the traumas of a young person's life. Parents need advance warning
      707 words
    • Article
      Lock icon US current account gap narrows unexpectedly in Q4
      562 2 LATEST US DATA Inventories up 0.1% in January; consumer sentiment slips in early March Reuters Bloomberg AP [WASHINGTON] The US current account deficit unexpectedly narrowed in the fourth quarter, shrinking to U*****.5 billion, as income rose from American investments abroad, the Commerce
      Reuters; Bloomberg; AP  -  562 words
    • Article
      Lock icon $25m fund among new measures to boost enterprise
      538 2  -  YESTERDAY IN PARLIAMENT Plans to fund some 100 ventures per year and provide at least 200 students with start-up experience By Chuang Peck Ming [SINGAPORE] The government has unveiled new initiatives to promote entrepreneurship and help small and medium enterprises including a
      538 words
    • Article, Illustration
      Lock icon It's now the budget carriers' move: Cheow Tong
      580 2  -  Feasibility study for Changi terminal forwarded to airiines By Donald Urquhart [SINGAPORE] The proposal for a dedicated low cost airline terminal at Changi Airport is now awaiting a response from the budget carriers following the conclusion of a feasibility study, the transport
      580 words
    • Article
      Lock icon I didn't tell operators to merge their rail lines: Cheow Tong
      405 2  -  But my ministry won't object if they consider merging By Samuel Ee [SINGAPORE] Transport Minister Yeo Cheow Tong yesterday corrected the impression that he had directed SMRT and ComfortDelgro to merge their rail operations. "What happened was that I
      405 words
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      60 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: Simon ne Toh T: +65 6535 3382 F: +65 6535 3991
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  • the raffles conversation
    • Article, Illustration
      Lock icon REFLECTIONS on a clean-up campaign
      1991 3  -  The last and longest-serving chairman of the Ibra, Syafruddin Temenggung, looks back on his tenure at the controversial Indonesian Bank Restructuring Agency. SHOEB KAGDA reports SHOEB KAGDA IT was arguably Indonesia's most powerful economic institution, controlling assets that were worth a third of the country's
      TERENCE TAN/ST  -  1,991 words
    • Article
      Lock icon A true nationalist with an internationalist outlook
      783 3 "l NEVER imagined leading an institution as complex as Ibra given its size, magnitude and level of public interest," says Syafruddin Temenggung, reflecting on his two years as chairman of the Indonesian Bank Restructuring Agency. He even admitted that he had initially rejected
      783 words
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      76 3 The Raffles Conversation is brought to you through a special arrangement V f with Raffles International Hotels and I J 4 1 Resorts. The Traveller's Palm in the I Jk I I If Raffles International logo is an apt symbol. Not only has water stored at INTER NAT IO NA
      76 words
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  • news companies
    • Article, Illustration
      Lock icon Richard Hu named CapitaLand's non-exec chairman
      497 4 Ex-finance minister to take over from Philip Yeo FORMER finance minister Richard Hu will replace Philip Yeo as Capita Land's non-executive chairman on April 13. Dr Hu, 77, is also chairman of GIC Real Estate and Mapletree Investments. Mr Yeo will leave CapitaLand's board
      497 words
    • Article, Illustration
      Lock icon Uncovering the myths about covered warrants
      1087 4  -  corporate analysis The loss of interest in these instruments is largely due to the ignorance among retail investors, says R SIVANITHY R SIVANITHY LESS than two months ago, brokers who uttered the words "covered warrants for sale" to their clients did so at the
      1,087 words
    • Article
      Lock icon MARKETS
      76 4 sn 1,835.08 (-12.70) ST INDEX nmiRES (-10.00) SIMSCI 222.07 (-1.67) SIMSCI FUTURES 222.30 (-1.30) Friday Change KLSK COMP «8i» +5.05 NIKKEI 225 11.162.75 -134.29 HANC SENG 12.932.23 .91.83 set ran tmm -12.66 JAKARTA COMP 73«.15 3.05 MANILA Cam 1,423.79 11.28 TAIPEI WP1 6.800.24 -78.87 SEOUL COM P 848.80 21.13
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    • Article
      Lock icon FINANCE
      75 4 FOREX RATES |JS$ SI IISS (SS per 1,'SS) 1.715 Sfl'SS/SS per <£) 1.801 3.087 EIIRO(US$/S$/E). 1.228 2.106 YEN 1113 64.90 RM 3.800 2.216 HKS 7.795 4.546 BAHT 39.44 23.00 R1P1AH 8,668 5,055 RENMINBI 8.299 4.840 INDIAN RUPEE 45.27 26.40 AS 1.367 0.797 \ZS 1554 0 907 PRIME RATES SINGAPORE
      75 words
    • Article, Illustration
      Lock icon Khoos' Stanchart stake still intact, says bank's chairman
      361 4 [LONDON] The substantial Standard Chartered Bank stake held by the family of the late Khoo Teck Puat is still intact, The Star reported yesterday. "He was a good shareholder. But for a year or two now, most of the contacts that we've
      361 words
    • Article, Illustration
      Lock icon Madrid attack revs up market correction
      636 4  -  market review r sivanithy IF the past week was bad for stocks, the week before was probably worse. Granted, you could have seen the correction coming a mile away. Volume was thinning, prices were sagging and benchmarks all over the world were flagging. But
      636 words
    • corporateroundup
      • Article
        Lock icon Medtecs wants answer from Taiwan
        345 4 Wcdtect wjnts jiukw fros Tuwtn SESDAQ-LISTED Medtecs International Corporation Ltd has, through its counsel, issued a letter of demand to Taiwan's Department of Health (DOH) foliowing the latter's decision not to take delivery of an outstanding US$B.2 million supply of protective gowns, isolation gowns and
        345 words
      • Article
        Lock icon PSC stake in Sino-Sing diluted to 11%
        347 4 Wcdtect wjnts jiukw fros Tuwtn SESDAQ-LISTED Medtecs International Corporation Ltd has, through its counsel, issued a letter of demand to Taiwan's Department of Health (DOH) foliowing the latter's decision not to take delivery of an outstanding US$B.2 million supply of protective gowns, isolation
        347 words
      • Article
        Lock icon Beyooks H1 earnings up 20% to $12.1m
        347 4 Wcdtect wjnts jiukw fros Tuwtn SESDAQ-LISTED Medtecs International Corporation Ltd has, through its counsel, issued a letter of demand to Taiwan's Department of Health (DOH) foliowing the latter's decision not to take delivery of an outstanding US$B.2 million supply of protective gowns, isolation
        347 words
      • Article
        Lock icon New Lakeside registers 42m share IPO
        346 4 Wcdtect wjnts jiukw fros Tuwtn SESDAQ-LISTED Medtecs International Corporation Ltd has, through its counsel, issued a letter of demand to Taiwan's Department of Health (DOH) foliowing the latter's decision not to take delivery of an outstanding US$B.2 million supply of protective gowns, isolation gowns
        346 words
    • Article, Illustration
      Lock icon Want Qian Hu to ferry you to its next AGM?
      534 5  -  Minutes of ornamental fish breeder's AGM show executive directors forgoing performance bonus By Kenneth Lim IT'S never been easier to be an active shareholder of Qian Hu Corporation. The winner of the Investors' Choice Golden Circle Special Merit Award for
      FILE PHOTO  -  534 words
    • Article
      Lock icon GeneMedix eyes Nasdaq listing for ADRs within a year
      330 5  -  By Kenneth Lim GENEMEDIX pic, a duallisted stock in London and Singapore, hopes to list its American Depository Receipts (ADRs) on the US Nasdaq market within the year, said chief executive Paul Edwards. GeneMedix, Singapore's only listed biotechnology stock, last month
      330 words
    • Article, Illustration
      Lock icon Chartered lowers Q1 loss forecast, sees revenue doubling
      679 5 Improved forecast follows rising sales, firmer prices Bloomberg CHARTERED Semiconductor Manufacturing Ltd, the world's fourth-largest provider of made-to-order chips, narrowed its firstquarter loss forecast on rising sales of chips for cell phones and DVD players. Chartered said it may lose around US$7
      Bloomberg; FILE PHOTO  -  679 words
    • Article
      Lock icon Asian Micro back in the black after revamp
      235 5  -  By Teh Shi Ning SESDAQ-LISTED Asian Micro Holdings (AMH) achieved a sharp first-half turnaround after a drastic business transformation. Although turnover of $17.5 million for the six months ended Dec 31, 2003, was 43 per cent lower than in the previous corresponding
      235 words
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  • Page 5 Advertisements
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      Lock icon Page 5 Advertisements Column 1
      723 5 f\J NORELCO CENTRELINE HOLDINGS LIMITED ■3c (Incorporated in the Republic of Singapore) Corrigendum In the advertisement of a Notice of Extraordinary General Meeting ("EGM") by NORELCO CENTRELINE HOLDINGS LIMITED dated 12 March 2004 in The Business Times, the following statement: "Draft dated 25 February 2004" was not omitted from the
      723 words
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      Lock icon Page 5 Advertisements Column 2
      103 5 Main Showroom: Pan-West Tee-To-Green, 59, Jalan Pemimpin, #01-03, L&Y Building, Tel: 6354 0328. Pan-West is the authorised distributor for Callaway Golf products in Singapore. Malaysia. Thailand. Indonesia. Brunei. Myanmar and Vietnam Every genuine CaHaway GoW dub bears a registered serial number. To protect your investment. look out for the Pan-West
      103 words
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  • Article
    Lock icon BT SHARE INFORMATION SERVICE
    891 6 for week beginning Mar 8 tfcd n»u? SnSm*" 5L J? n— WE2-C40 I1-M«r-M ChooChMKong Buy t* 062 JIM MJ 22* 1-S3 I|I«I lt-Mw-04 UkMelftu Buy IOO 0 28 2260 23oO 0 U SHCCap U-Mw-04 WtonaJuatJtong '000 0 10 1101 OH 2502 0* JtL Corp 10-Mar-04 Wx
    891 words
  • money personal finance
    • Article, Illustration
      Lock icon broker's take
      516 6  -  Compiled by VEN SREENIVASAN Magnecomp March 12 dosing: 83.5 cents TECHNOLOGY barriers for suspension assemblies (SAs) are high and Magnecomp has only one other credible competitor. Magnecomp now has more cash resources, a profitable operation, better technology capabilities, locational advantage to expand its market share among new customers,
      Source: Bloomberg  -  516 words
    • tradesto watch
      • Article
        Lock icon HL Asia share options exercised
        256 6 HL Asia share options exercised KWEK Leng Peck, an executive director of Hong Leong Asia, on March 11 exercised "share options/convertibles" for 660,000 shares at a price of 41 cents each. The move gave him a 0.18 per cent direct stake in the manufacturing and
        256 words
      • Article
        Lock icon SBI E2-Capital chief ups stake
        256 6 HL Asia share options exercised KWEK Leng Peck, an executive director of Hong Leong Asia, on March 11 exercised "share options/convertibles" for 660,000 shares at a price of 41 cents each. The move gave him a 0.18 per cent direct stake in the manufacturing and
        256 words
      • Article
        Lock icon Utac chief buys 100,000 shares
        292 6 HL Asia share options exercised KWEK Leng Peck, an executive director of Hong Leong Asia, on March 11 exercised "share options/convertibles" for 660,000 shares at a price of 41 cents each. The move gave him a 0.18 per cent direct stake in the manufacturing and
        292 words
      • Article
        Lock icon Mayfran director sells shares
        60 6 AN executive director of Mayfran International, Koh Gek Leng, on March 8 and 9 sold a total of212,000 shares of the bedlinen and sanitary products group at 7.5 cents apiece. The open market sales reduced his direct shareholding in Mayfran to 3.49 per cent, or 8.4
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      • Article
        Lock icon UIC director buys stock
        48 6 ONE of United Industrial Corp's independent directors, Hwang Soo Jin, yesterday bought 50,000 shares in the property group at 81 cents apiece. The open market purchase gave him a direct stake of 0.004 per cent. UIC yesterday closed one cent lower at 81 cents.
        48 words
      • Article
        Lock icon Koda share sale dilutes stake
        79 6  -  Compiled by SERENA NG THE deemed interest of Koda's non-ex-ecutive chairman, Koh Teng Kwee, slipped after 50,000 shares were sold by Tan Song Liang at 29 cents apiece on March 10. The open market sale reduced Mr Koh's deemed stake to 8.26 per cent from
        79 words
    • Article, Illustration
      Lock icon Where there's a will, there's peace of mind
      1257 6  -  With the streamlining of estate duty processing announced in this year's Budget, it's now easier than before to draw up a will, TAILA KRISHNAKUMAR discovers TAILA KRISHNAKUMAR PLANNING a will early is a good idea. It lessens the administrative tedium, time and
      FILE PHOTO  -  1,257 words
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  • money personal investment
    • Article, Illustration
      Lock icon Nothing beats value investing
      932 7  -  The effectiveness of the technique has been well documented over the last 45 years, says JOHN DORFMAN. Investors ignore it at their peril JOHN DORFMAN Bloomberg I REGULARLY dish out advice from a value investor's perspective. You may wonder what value investing really is, and how
      Bloomberg; BLOOMBERG  -  932 words
    • Article, Illustration
      Lock icon Tap value investing to improve portfolio
      1362 7  -  show me the money teh hooi ling DMX and Raffles LaSalle vs Jurong Cement and Sincere Watch. Which would you put your money in? Most would go for the first group, and they can be classified as growth investors. On the other hand, value
      FILE PHOTO  -  1,362 words
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  • news at home
    • Article, Illustration
      Lock icon Sentosa Cove marina tender slated for April
      507 8  -  Launch will coincide with the region's biggest boat show to be held at the Cove By Vince Chong SENTOSA Cove is planning to launch a tender for its marina next month to coincide with the region's largest boat show Boat Asia 2004, which
      FILE PHOTO  -  507 words
    • Article
      Lock icon 1.6% rise in GOE quota for year ending April '05
      383 8  -  Car dealers expect this trend of small hikes to continue By Samuel Ee THE quota of Certificates of Entitlement (COEs) for the year ending April 2005 will be 120,538, Transport Minister Yeo Cheow Tong announced yesterday. "This is a 1.6
      383 words
    • Article
      Lock icon AirAsia IPO details out next Friday: CEO
      405 8 AIRASIA will announce details of its much anticipated initial public offering (IPO) next Friday in Kuala Lumpur, chief executive Tony Fernandes said yesterday. But Mr Fernandes declined to provide further details when he met Singa-pore-based journalists to announce the start of the budget
      405 words
    • Article
      Lock icon Financial firms expected to manage outsourcing risks
      219 8 FINANCIAL institutions in Singapore will have to assess their existing outsourcing arrangements against guidelines and rectify any deficiencies, under guidelines proposed yesterday by the Monetary Authority of Singapore. Outsourced services that will be covered include application processing of loans and credit cards, electronic
      219 words
    • Article
      Lock icon Ascott tops serviced residences in China
      180 8 LEADING international operator Ascott Group has won top place in a ranking of "China's Top 100 Serviced Residences" beating more than 1,000 other contenders. Ascott received its award at a recent ceremony in Beijing. Ascott's management arm, Ascott International, was ranked first for management,
      180 words
    • Article
      Lock icon Q4 recruitment inches up to 2.4%
      252 8  -  employment By Chen Huifen REFLECTING a pick-up in demand for workers, Singapore's average monthly recruitment rate grew 0.2 of a percentage point year-on-year in the final quarter of 2003 to 2.4 per cent. According to the Ministry of Manpower's labour market survey, recruitment in
      252 words
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      Lock icon Page 8 Advertisements Column 1
      176 8 Jl Yes! I want to subscribe to one year of The Business Times and Forbes at only 5298, and have a CYC 100% Cotton Wrinkle-Free Shirt tailor-made for me (total value including gifts UP: $509). Name: (Mr/Ms/Mdm) NRIC No.: .Occupation: Address: Code: Contact Nos.: (H) _(0) _(Hp)_ Emad. Are you
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      31 8 I Lianhe Zaobao I Whw did I I SIP veteran I I Goh Teh Sim I I move to I lAscendasPl I fIPAIHRHR* I I MIWHUIkHE I I I ißp jMI
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      563 8 Call toll-free 1800 289 8822 IN THE MATTER OF THE COMPANIES ACT (CAP. 50) AND IN THE MATTER OF KHENG HUP COMPANY PRIVATE LIMITED (In Members' Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap. 50, a Final Meeting
      563 words
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  • news region
    • Article, Illustration
      Lock icon Signs of hot money inflows into M'sia
      583 9 Surge in inflows may nudge the central bank to act proactively [KUALA LUMPUR] A recent surge in foreign fund inflows into the country may nudge Bank Negara Malaysia in future to take proactive measures to nip in the bud any potential problem of
      AFP  -  583 words
    • Article, Illustration
      Lock icon No political patronage for M'sian firms
      475 9 With Abdullah in charge, election stocks are out AP [KUALA LUMPUR] During previous Malaysian election campaigns, investors have flocked to governmentlinked companies in anticipation of a surge in new contracts being handed out after the ruling coalition's inevitable victory. Not so, this time. That's
      AP  -  475 words
    • Article
      Lock icon RHB Capital sues ex-exec chairman for RM20m
      250 9 [KUALA LUMPUR] RHB Capital Bhd has filed a legal suit against its former executive chairman, Rashid Hussain, claiming a sum of RM2O million (559.2 million) plus damages, The Edge reported yesterday. In its statement of claim filed at the Kuala Lumpur High Court,
      250 words
    • Article
      Lock icon China steps up yuan anti-speculation measures
      273 9 Renminbi purchases halved to US$10,000 a day Reuters [SHANGHAI] China has halved the amount of US dollars non-residents can change into yuan as it wages a battle to prevent people from speculating on a possible revaluation of the pegged currency. From this month, non-mainland
      Reuters  -  273 words
    • inbrief
      • Article
        Lock icon M'sian finance houses seen to issue ABS
        94 9 [KUALA LUMPUR] Two financial institutions, Bumiputra Commerce Sdn Bhd (BCB) and AmFinance Bhd, are expected to turn their car loan assets into capital by converting them into debt by this year, the Malaysian Business Times reported market sources as saying. Both finance houses
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      • Article
        Lock icon Chinese chipmaker raises HK$14b in IPO
        72 9 Bloomberg [HONG KONG] Semiconductor Manufacturing International Corp, China's first chipmaker to sell shares publicly, raised HK$l4 billion (Ss3 billion), the maximum sought from its Hong Kong initial public offer. China's biggest chipmaker and its shareholders priced the 5.15 billion shares on offer at HK52.72
        Bloomberg  -  72 words
      • Article
        Lock icon China likely to make own large aircraft
        63 9 AFP [BEIJING] China is likely to start developing its own large aircraft rather than rely solely on foreign giants Boeing and Airbus, state press reported yesterday. China's State Council, the cabinet, has ordered a study on the feasibility of making aircraft with over
        AFP  -  63 words
      • Article
        Lock icon Inflation in China eases
        100 9 Reuters [BEIJING] Inflation in China eased more than expected in the year through February but economists are wary of a potential spike in coming months that could prompt higher interest rates. China's consumer price index (CPI), which covers a basket of goods and services from grain
        Reuters  -  100 words
      • Article
        Lock icon China blocks foreign papers' websites
        85 9 AFP [BEIJING] Chinese authorities have blocked the Chinese version websites of the Wall Street Journal and Deutsche Welle newspapers, a Paris-based media rights group said on Thursday. The sites have been blocked since the opening of the annual parliament session, the National People's Congress, in
        AFP  -  85 words
    • Article
      Lock icon China hits back after US threats over trade practices
      476 10 TRADE FRICTION It says American trade policies are overly protectionistic and violate WTO rules AFP [BEIJING] China yesterday accused the United States of having excessively protectionist trade policies and said Washington was failing to conform to the spirit and agreements of
      AFP  -  476 words
    • Article
      Lock icon Infosys dismisses criticism of offehore outsourcing
      231 10 [NEW YORK] Infosys, the leading Indian IT services group, on Thursday rejected recent criticism of offshore outsourcing and defended the economic benefits of globalisation, the Financial Times reported yesterday. "This (offshore outsourcing) is one form of globalisation and enables companies to get high quality
      231 words
    • Article, Illustration
      Lock icon Soon, pigs will fly in Hong Kong
      290 10 At least on an exotic personalised car number plate [HONG KONG] Exotic registration plate numbers used to be a sign of prestige. Soon, they will stand for creativity as well, reports the South China Morning Post. Under an initiative launched by the financial
      290 words
    • Article
      Lock icon IBM to double workforce in Calcutta by Dec
      308 10 [CALCUTTA] Government officials here say International Business Machines Corp has told them it plans to more than double its workforce in this eastern Indian city to 4,000 people by the end of the year, The Asian Wall Street Journal reported yesterday. The
      308 words
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  • Article
    Lock icon UNIT TRUSTS & FUNDS
    46 10 UNIT TRUSTS FUNDS LEGEND: All prices are indicative except for ex Ringgit Assets; Broadly Diversified; Narowly Focused; Lower Risk; Low to Medium Risk; Medium to High Risk; Higher Risk; open-ended; Before subdivision of units; After subdivision of units; SP after stock split; N.A- Non Dealing Day
    46 words
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      1182 10 CWT DISTRIBUTION LIMITED Full Year Announcement 2003 Results The Directors of CWT Distribution Limited wish to make the following announcementa:UNAUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 2003 GROUP Year ended 31 December 2003 2002 SS'OOO Ssooo Chug Revenue 213.250 208.381 23% Cost 01 Sales (189.686) (179,846) 5.5% Gross Profits
      1,182 words
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      18 10 Protecting your patent? Call 1800 289 8822 or email noticesdsph.com.sg to book your advertisement in our newspapers now.
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  • Article
    Lock icon KLSE
    5 11 Transaction date: Mar 12
    5 words
  • Article, Illustration
    Lock icon FINANCE
    597 11 Transaction date: Mar 12 mTBRBAMK CURRBWCT RATES Afatest S$ Against US$ Against S$ Against US$ Cyr-dw M Offr Md Offy CmtmOH m Offtr Ml Offtr svust *100 SS/VSS to one una of foreign currency: unfit of foreign AttttnttM Mtar ***** 1.2550 0.7313 0.73* NH 0 0 T KM HOfl
    597 words
  • news world
    • Article, Illustration
      Lock icon South Korean President is impeached
      627 11 Shares dive as uncertainty decends over leadership Reuters AP [SEOUL] South Korea's parliament impeached President Roh Moo Hyun yesterday, suspending him from office and thrusting the country into unprecedented economic and political uncertainty. Investors sought the safe haven of bonds, shares closed at a five-week
      Reuters; AP  -  627 words
    • Article, Illustration
      Lock icon WorldCom has losses of US$74b for 3 years
      398 11 Bloomberg [NEW YORK] World Com Inc, which is seeking to emerge from the biggest bankruptcy in US history after an accounting fraud, filed restated results and said it had combined net losses of U5573.7 billion from 2000 through 2002. The second-largest US
      Bloomberg; AP  -  398 words
    • Article
      Lock icon Oracle posts solid Q3 profit on stronger sales
      419 11 NYT Reuters [SAN FRANCISCO] Oracle Corp reported solid gains in third-quarter profit and revenue on Thursday, driven by strong sales of the company's database products. Company executives predicted technology spending would continue to improve throughout the year. "This was a very strong
      NYT; Reuters  -  419 words
    • inbrief
      • Article
        Lock icon SEC Issuing subpoenas to Grasso in probe: report
        139 11 AP [NEW YORK] The Securities and Exchange Commission is reportedly issuing subpoenas to former New York Stock Exchange chairman Dick Grasso and others as it examines whether Mr Grasso engaged in "influence trading" during his eight years leading the exchange. The Wall
        AP  -  139 words
      • Article
        Lock icon National Australia Bank fires 8 after trading scandal
        114 11 Reuters [SYDNEY] National Australia Bank sacked three senior executives and five traders yesterday following a foreign currency trading scandal which had already claimed the scalps of its chief executive and chairman. The bank also said it would reshuffle its board in re-
        Reuters  -  114 words
      • Article
        Lock icon Bank of America may settle charges for US$250m
        73 11 Reuters [NEW YORK] Bank of America Corp may pay more than US$25O million to settle charges that it hurt ordinary investors by helping favoured clients trade mutual funds improperly or illegally, a person familiar with the matter said on Thursday. Bank of
        Reuters  -  73 words
      • Article
        Lock icon BMW net income zooms up 30% in Q4
        76 11 Bloomberg [FRANKFURT] Bayerische Motoren Werke AG's fourth-quarter net income rose 30 per cent on good demand for the new 5-Series model. The world's second-largest maker of luxury cars plans to boost its dividend by 12 per cent. Net income rose to 424
        Bloomberg  -  76 words
      • Article
        Lock icon Morgan Stanley to have glass walls to skirt conflicts
        76 11 Bloomberg [LONDON] Morgan Stanley, the sec-ond-largest US securities firm, said it will use glass walls to separate traders and sales personnel from analysts in its fixed-income division globally to avoid potential conflicts of interest. The company also will eliminate the link
        Bloomberg  -  76 words
      • Article
        Lock icon Nortel shares fall on news of restatement
        68 11 Bloomberg [NEW YORK] Shares of Nortel Networks Corp fell 7.4 per cent on Thursday after North America's largest maker of telephone equipment said it may restate results for a second time following an accounting review. Last year's annual report will be delayed while
        Bloomberg  -  68 words
    • Article, Illustration
      Lock icon Wall St gives Kerry the thumbs down
      638 12 Investment community believes a Republican administration is better for business AFP Bloomberg [NEW YORK] Wall Street is bearish on a possible John Kerry presidency, as opinion polls place the Senate Democrat ahead of Republican President George W Bush. A Washington Post-ABC News poll
      AFP; Bloomberg; AP  -  638 words
    • Article
      Lock icon NYSE to let investing public nominate directors
      313 12 Latest reform one of several made to revamp Big Board Reuters [NEW YORK] The New York Stock Exchange will for the first time allow ordinary stock investors to nominate directors, the latest of the Big Board's efforts to reform its governance practices. The
      Reuters  -  313 words
    • Article
      Lock icon Looking at the invisible screen of the future
      521 12 NYT [NEW YORK] In an age when viewing screens are becoming thinner and thinner, what could possibly come next? Perhaps no screen at all. Once a conceit of movies like "Star Wars" and "Minority Report", the sciencefiction staple of images floating in
      NYT  -  521 words
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      136 12 ThfßiisinkssTimrs INVESTORS' GUIDE TOSGX-LISTED COMPANIES 0,104 The Perfect Platform To Make Known Your Company I The Business Times Investors' Guide to SGX-listed IPp^JSS Companies is a special feature that lets you make a US4Ne statement about your listed company. More than just E7ra I creating brand awareness, it provides a
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  • style motoring
    • Article, Illustration
      Lock icon f1briefs
      353 13  -  Compiled by Samuel Ee Sauber-Petronas pins hopes on new car SAUBER-PETRONAS expects its radical C 23 car to be competitive at their "home race" in Sepang next weekend. Team principal Peter Sauber has been reported as saying that his team is a serious contender in Formula One, and its
      353 words
    • Article
      Lock icon Turning up the heat on F1
      643 13  -  Hot weather at Sepang may give Michelin teams a chance to catch up with Schumacher, says RONNIE LIM RONNIE LIM MALAYSIA boleh (can). But can Formula One boleh juga (also can do)? The coming Malaysian Grand Prix at Sepang on March 21 which, incidentally
      643 words
    • Article, Illustration
      Lock icon Rough ride
      350 13  -  The restyled Nissan X-Trail still retains its rugged, almost anti-style feel, says SAMUEL EE SAMUEL EE A MINOR makeover hasn't softened the distinctive looks of the Nissan X-Trail. When it was first launched in 2000, the sportutility vehicle became an instant hit in Japan the following year mainly
      350 words
  • Article
    Lock icon STOCKS ASIA
    6 13 Transaction date: Mar 12
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  • style sports
    • Article, Illustration
      Lock icon Much more at stake than just cricket
      794 14  -  frankly speaking amit roy WHEN the first ball is bowled in the inaugural one-day cricket match between India and Pakistan in Karachi today, the curtain will rise on an important cricket series that has willynilly become associated with the Indian subcontinent's unending political
      AFP  -  794 words
    • Article
      Lock icon Sugar Shane fighting for his day in the sun
      604 14 AP SUGAR Ray Robinson was arguably the best pound-for-pound fighter ever, and Sugar Ray Leonard was no slouch, either. Sugar Ray Seales won a gold medal in the 1972 Olympics. There's another Sugar with some pretty good pedigree fighting today to
      AP  -  604 words
  • Article
    Lock icon SGX
    736 14 Transaction date: Mar 12 HMMOVBI (tea) VALUE (*000) m* sag m* r wmt •MUM 13,747 13.707 25. US 2i.SU M*vjt»nurg 177.370 40.32* 217 .694 217.4*0 17.569 2J5.049 Comnarta 44JS0 U(K 68.051 41.496 MM 50.114 TfXfttortCom (3.41* 208 Uj627 174,960 230 175.1*3 rntno 21,17* 1,307 A«) 106,505 111 107.482 Gonttuctxm
    736 words
  • Article
    Lock icon BONDS & WARRANTS
    47 14 BONDS WARRANTS LEGEND Sesdaq stocks; Currency type indicated at end of warrant name for those traded in foreign currency. Exercise prices are quoted in same currency as trading prices of respective main shares. c Convertible loan stocks, bonds and u Unconvertible loan stocks, bonds and notes. notes.
    47 words
  • Article
    Lock icon SGX SESDAQ
    1991 14 S2-Wk Td Last Vol Day Last Quote GrtMv Mr GrVM Net MCao 52-Wk Tal Uct Vol Day Lift Quote Gfttv Mr GrVW Nat MCjb Wflh Law Coda Conumty Sala COOP) High law inyr SdUr Cw Pit tali High low Coda Comply Silt w- COOP) low layar Salar Cvr
    1,991 words
  • Article
    Lock icon CLOB INTERNATIONAL
    202 14 52-Wk Td Last Vol Day Last Quote GrOfv Dtv GrVM Nat MCap Low Coda Salt *1- ("000) High low »wyr Sdter Cvr HE Sow 201 96 6000 AVJennings A2Sc A201 +1 284 201 199 199 201 40 8.8 5 7.6 432.6 6001 Cathay Pac 20c._ HK720 265 2.1
    202 words
  • Article
    Lock icon SGX XTRANET
    225 14 S2-Wk Tal IM Vol Day Last Quote GrOtv Wv GrYld Net MCjo Hifti Low Codo Cwpw» Mo W- rooo) High Low »uy«r SolMr Cvr HI imi 2060 2000 6065 Diamonds US2060cd 2120 ***** 6095 IS DJ US Tech US3740 6097 IS MSCI Spore US555 6101 ISS4P500 US8270 *****
    225 words
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  • style health
    • Article, Illustration
      Lock icon Replace and recharge
      691 15  -  If you wonder why exercise makes some people more alert while it just makes you more tired, the answer may he with your diet CHEAH UI-HOON finds out how you can recover faster from exertion CHEAH UI-HOON YOU'RE trying to maintain a healthy 'lifestyle by working out
      FILE PHOTO  -  691 words
    • Article, Illustration
      Lock icon America losing the war against cancer
      524 15  -  By Cheah Ui-Hoon THE percentage of Americans dying from cancer is about the same as it was in 1970, reports Hodgkin's disease survivor Clifton Leaf, also Fortune magazine executive editor. In a special groundbreaking investigative report by the magazine which will appear on the
      REUTERS  -  524 words
  • Article
    Lock icon SGX MAINBOARD
    6 15 Transaction date: Mar 12
    6 words
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  • style shopping
    • Article, Illustration
      Lock icon Pick of the crop from Aussie markets
      532 16  -  CHEAH UI-HOON checks out funky lamps, quirky clocks and whimsical bags on sale at Raffles City CHEAH UI-HOON IT'S the start of the school holidays, and you're obviously not at Sydney's Paddington Market this weekend if you're reading this. But don't despair yet.
      532 words
    • Article, Illustration
      Lock icon cultappeal
      196 16  -  Timeless style for Omega jewellery By Corinne Kerk OMEGA, famous for being the only watch to have been worn on the moon, has finally launched its jewellery collection in Singapore. Omega Bijoux made its international debut in Paris two years ago, and its local appearance last week came amidst
      196 words
    • Article, Illustration
      Lock icon Three storeys of luxury and leather
      480 16  -  By Corinne Kerk "WE'VE been waiting a long time for Galleries Lafayette to leave the building and then Planet Hollywood, and they did," says a relaxed and happy-looking Jean-Louis Dumas, president of Hermes. "Now, we can expand and still be at the same place."
      480 words
    • instore
      • Article, Illustration
        Lock icon Keep it close to you
        49 16 ROUGH it out in style. Germany's Picard has a range of waist pouches designed for the rigorous outdoors and for the fashion conscious. This model, made of buffalo leather, has four compartments including a coin pouch. It's available at $99 at Seiyu, Junction 8.
        49 words
      • Article, Illustration
        Lock icon Shake'em up
        49 16 BIG doesn't have to be loud, not with a ring as tastefully designed as this. The 925-grade silver ring comes with a splash of nine teardrops in rose, yel- low and white shades. From Italy's famed jewellers, Facco Gioielli, it costs $299 at Orva, Scotts Shopping Centre.
        49 words
      • Article, Illustration
        Lock icon Tea among the flowers
        60 16 PORTMEIRION breathes fresh air into its Botanic Garden range of tableware. Reproduced with careful craftsmanship, the flowers have the same vibrancy as they did when they were first painted 150 years ago. The coffee pot (1.5 litres) costs $189.50 and the covered casserole (2.3 litres) is
        60 words
      • Article, Illustration
        Lock icon Sleek and sharp
        3 16
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      • Article
        Lock icon TalkShop
        5 16  -  Compiled by Mike Chua
        5 words
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  • style pursuits/wine&dine
    • Article, Illustration
      Lock icon Behind the scenes of the Rings trilogy
      567 17  -  Be among the first to catch a glimpse of the makings of this phenomenally successful movie. CHEAH UI-HOON finds out more CHEAH UI-HOON THE Lord of the Rings (LOTR) mania isn't over yet in Singapore. This weekend, be among the first to discover
      567 words
    • Article, Illustration
      Lock icon entertainmentguide
      677 17 Going out or staying in this weekend? We round up reviews and recommendations books Gripping saga WOLVES of the Calla is the fifth novel of Stephen King's monumental Dark Tower series. In this instalment, started more than 30 years ago, the hero, gunslinger Roland Deschain of Gilead, and his
      677 words
  • Page 17 Advertisements
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      723 17 wine&dine with weekendßT Asian Wok a wide range of beverages. All-you-can-eat drunken live prawns and pepper crabs Enjoy the wide variety of mouthwatering steamboat 45 Boat Quav Tel: *****006 M mm aieon promotion at the Orchard Cafe bwftet. Along buffet Savour a sumptuous spread of Asiandlshes if) a tt—i Wis
      723 words
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  • style food/travel
    • Article, Illustration
      Lock icon Dine like the Aussies
      1810 18  -  And they certainly eat well, as a culinary invasion from Down Under attests to. Chefs from some of the best restaurants in Sydney are coming to Singapore as part of the third annual Celebrate Australia series, a month-long event to promote Australian culture and lifestyle. GEOFFREY
      1,810 words
    • Article, Illustration
      Lock icon From atop the holy mountain
      976 18  -  SAID ABDULLAH ventures beyond the Pyramids for a look at some other historical treasures of Egypt SAID ABDULLAH MOST tourist? arriving in Egypt invariably head first for pyramids of the Giza plateau, taking in the imposing 450-ft Cheops which took 100,000 workers more than 20
      SAID ABDULLAH  -  976 words
  • Page 18 Miscellaneous
    • Miscellaneous
      Lock icon Page 18 Miscellaneous Column 1
      283 18 CRYPTIC CROSSWORD ACROSS mate W 6 Youngster ate green fresh 1 Tass, long reserved, now produce (8) demonstratesopenness (8) 7 c h but olten 9 Agam conceded that <is ex- „jth (4) 10 3£rheJd!ight?<4) 8 P (B) PteVreSU#Sinre 11 Fascinating time, midnight 2 IXroLst by a phsoner? (6 6) 13
      283 words