The Business Times, 27 March 2004

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Total Pages: 18
1 18 The Business Times
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  • Title Section
    Lock icon Masthead
    14 1 MITA (P) 023/03/?fti4 85C THE BUSINESS TIMES weekend SINGAPORE MARCH 27 28. 2004 Internet
    14 words
  • Article, Illustration
    Lock icon February output surge brightens picture for S'pore economy
    571 1  -  Some economists now expect first quarter growth at a faster 6% By Chuang Peck Ming [SINGAPORE] The economy looks set to perform better than expected in the first quarter after manufacturing output surprised the market with a 38.3 per cent surge in
    Source: EDB  -  571 words
  • Article, Illustration
    Lock icon Feng shui craze hits American corporate suites
    815 1  -  When a CEO's office gets shifted to overlook a sewage plant, you know feng shui is being taken seriously there From Christopher Reed in Los Angeles CHIEF executive Mitchell Stern of DirecTV, the US satellite network and latest addition to Rupert Murdoch's worldwide
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  • Article, Illustration
    Lock icon Mortgagee auctions hit record 580 in first quarter
    432 1  -  Consultants note 6-month lag between default and bank sale By Vince Chong [SINGAPORE] The number of mortgagee properties put up for auction climbed to a record 580 in the first quarter of 2004 which is somewhat surprising given that the economy is
    Source: Colliers International  -  432 words
  • Article, Illustration
    Lock icon Why no Keppel Classic? Or DBS Singapore Masters?
    736 1  -  Saturday soapbox In not sponsoring major golf tournaments, Singapore companies are losing out on a good business proposition ven sreenivasan THE 15,000 fans who thronged the Laguna National Golf Country Club (LNGCC) last weekend witnessed a thrilling final-day battle at the Caltex
    736 words
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  • news front
    • Article
      Lock icon Japan's Asean investments soar
      680 2  -  Jump of 67% despite challenge from China. Japanese firms also stepping up local procurement of parts, says Jetro survey From Anthony Rowley in Tokyo JAPAN'S business investment in major Asean economies surged by almost 67 per cent last year, dispelling fears that Japanese companies are abandoning
      680 words
    • Article, Illustration
      Lock icon New lease of artistic life for landmark
      70 2 [SINGAPORE] The oldest surviving government building in Singapore was reopened yesterday by President SR Nathan as the city's newest arts venue The Arts House at the Old Parliament. The 10-day opening festival, No More Walls, will bring together 200 local and international artistes
      ARTHUR LEE  -  70 words
    • Article
      Lock icon Mindef to spend $1.2b to boost IT systems over 5 years
      665 2  -  IT seen as a strategic force multiplier By Raju Chellam [SINGAPORE] The Ministry of Defence will invest about $1.2 billion over the next five years to boost its infocomm systems and revamp its internal network. This year alone, Mindef
      665 words
    • Article
      Lock icon Indon parties struggle to woo apathetic East Java voters
      867 2  -  Corruption and past empty promises have taken their toll From Shoeb Kagda in Surabaya AS the countdown to polling day begins, Indonesia's political parties are pulling out all the stops to woo voters in the country's largest and most influential province
      867 words
    • Article
      Lock icon Correction
      55 2 IN yesterday's BT supplement article "Chief calling", we wrongly identified Ng Yoke Weng, SingTel's group chief information officer, as Ng Kok Yeo, chief investment officer. Also, Tong Kok Yeo, a former general-secretary of the Union of Telecoms Employees of Singapore, is now manager of Sing Tel Recreation Club. We
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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: Simonne Toh T: +65 6535 3382 F: +65 6535 3991 E:
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      2 2 MM HHRMRRRjjH
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  • the raffles conversation
    • Article, Illustration
      Lock icon VOICE of AMERICA
      1982 3  -  Frank Lavin talks to VIKRAM KHANNA about the challenges and high points of his tenure as US Ambassador to Singapore VIKRAM KHANNA IT HAS been an eventful two and a half years for Frank Lavin, America's Ambassador to Singapore. His was a baptism by fire into the
      ARTHUR LEE  -  1,982 words
    • Article
      Lock icon US firms take fresh look at India
      241 3 Fulfil Lavin is just back from a week Jong trip to India: he led a mission companies from the American Chamber of Commerce on a visit to Bangalore, Mumbai and New Delhi. Why would the US Ambassador to Singapore go on a business
      241 words
    • Article
      Lock icon 'We won't view Asean as a convoy'
      611 3 HOW does the United States view Asean, after the Asian crisis and the expansion of the group to 10 members which many say has made it more unwieldy and less cohesive? And what will America's approach be in working with Asean now? "Asean
      611 words
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      72 3 The Raffles Conversation is brought to you through a special arrangement with Raffles International Hotels and I B I Resorts. The Traveller's Palm in the I Jk I I Raffles International logo is an apt JL. Vjd-L-L. JLv'L/ symbol. Not only has water stored at IMTFBMATIOMAI the base of this
      72 words
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  • news companies
    • Article, Illustration
      Lock icon Higher 2003 pay for CDL's Kwek brothers
      523 4  -  Top bosses at CapitaLand, ST Engg and Stats also get bigger packages By Kalpana Rashiwala LAST year was a good year for CEOs of several big listed companies. Their pay packets got bigger. City Developments executive chairman Kwek Leng Beng and his brother
      FILE PHOTOS  -  523 words
    • Article, Illustration
      Lock icon S'pore Inc dancing to Bollywood beat
      922 4  -  corporate analysis From banks and law firms to telcos and property developers, local outfits are ramping up their presence, says LOH HUI YIN LOH HUI YIN INDIA Shining is the theme of an advertising blitz that the Indian government has rolled out to extol
      Ben Cruz  -  922 words
    • Article
      Lock icon DBS not eyeing Indian bank for now
      432 4 Enough alternatives to tap vast market there, says regional head THERE are sufficient avenues for DBS Bank to crack the vast Indian market without buying a bank there, said Rajan Raju, head of South and South-east Asia at DBS. It will, for instance,
      432 words
    • Article
      Lock icon Singapore leads Asian cross-border M&A deals
      233 4 Reuters SINGAPORE companies spent the most on cross-border mergers and acquisitions (M&A) in the Asia Pacific region during the first quarter 0f2004, according to financial data compiled by Dealogic. JP Morgan topped the advisers league table in Asia Pacific for the quarter, followed by
      Reuters  -  233 words
    • Article, Illustration
      Lock icon A shift in the balance of risks
      668 4  -  market review r sivanithy YOU'D have a tough job on your hands if you had tried to pinpoint an underlying theme for the week just past. In fact, it would be fair to say the only noticeable theme was that there was no
      668 words
    • Article
      Lock icon SingTel leads S'pore firms on Forbes list
      352 4  -  By Andrea Tan SIXTEEN Singapore firms have made it to Forbes 'combined list of 2000 leading companies in the world. Familiar household names such as Singapore Telecommunications lead the local charge. This is the first time Forbes has combined its lists of the
      352 words
    • Article
      Lock icon Gajah Tunggal gears up to list China tyre unit
      562 5  -  IPO in Hong Kong aimed at raising at least US$400m By Loh Hui Yin THE Gajah Tunggal group, controlled by Indonesia's Nursalim family which also has interests in Singapore-listed Tuan Sing Holdings, Gul Technologies and SP Corporation, is revving up for
      562 words
    • corporateroundup
      • Article
        Lock icon SingTel sees Belgacom gain at up to 950m euros
        137 5 SINGAPORE Telecommunications has estimated its net gain from the disposal of its entire stake in Belgacom at 900-950 million euros (about 551.84-1.94 billion) based on presently available information. In its announcement yesterday, SingTel said it will disclose the final net gain
        137 words
      • Article
        Lock icon Dayen and unit secure US$1.5m term loan
        86 5 DAYEN Environmental Ltd and its subsidiary Jufuyuan Environmental (Beijing) have collectively secured a three-year US$l.5 million term loan from United Overseas Bank to finance water supply and wastewater treatment projects in Beijing's Jufuyuan Nationality Industrial Area. The term loan comprises two three-year term
        86 words
      • Article
        Lock icon Sunlight Group wins deals worth $14m
        78 5 SUNLIGHT Group Hldg Ltd said its wholly-owned subsidiary, Sunlight Electrical Pte Ltd, has secured several new major contracts worth about $14 million to supply LV switchgear for selected systems at the New Changi Airport Terminal 3 and Changi Water Reclamation Plant. The projects are
        78 words
      • Article
        Lock icon Hua Kok CEO is exec chairman as well
        49 5 HUA Kok International Ltd has appointed CEO Tan Teck See as executive chairman with effect from March 23. Hua Kok said Mr Tan is the best candidate to assume both posts to ensure that the restructuring process is not unnecessarily hindered.
        49 words
      • Article
        Lock icon Bright Orient appoints its president as MD
        40 5 BRIGHT Orient Holdings Ltd has announced the appointment of Du Jian Jun as the managing director with effect from March 26. Mr Du is currently the president and a director of the company.
        40 words
      • Article
        Lock icon Swing Media Technology in HK joint venture
        72 5 SWING Media Technology Group has invested HK$2.O4 million through its new subsidiary Smart East Industrial Ltd— for a 51 per cent stake in a joint venture with Pilot Electronic Hong Kong Ltd. The joint venture will be engaged in the design and sale
        72 words
    • Article
      Lock icon Chartered to spend US$1.2b on Fab 7
      499 5  -  Funding for 2-year spending to be mostly internal By Serena Ng CHARTERED Semiconductor Manufacturing yesterday started equipping its new Fab 7 plant, and said it expects to spend about US$l.2 billion on the 300 mm wafer fabrication facility in the next two years.
      499 words
    • Article
      Lock icon MARKETS
      75 5 Dsn 1,827.11 (-3.29) ST INDEX FUTURES 1,835.00 (-5.00) SIMSCI 221.16 (-0.88) SIMSCI FUTURES 221.60 (-0.60) Friday Change KLSECOMP 895.12 +4.98 NIKKEI 225 11,770.65 +239.74 HANG SENG 12.483.24 36.97 SET INDEX 665.25 +0.59 JAKARTA COMP 714.13 -12.97 MANILA COMP 1,890.92 -2.20 TAIPEI WPI 6,132.62 -24.11 SEOUL COMP 863.95 +10.57 SHENZHEN
      75 words
    • Article
      Lock icon FINANCE
      76 5 FOREX RATES US$ 8$ I'SS (SS per I'SS) 1.690 £(I T SS/SS per £)1.801 3.044 EIR0(I'SS/SS/E). 1.209 2.043 YEN 105.7 62.50 KM 3.800 2.248 HKS 7.797 4.613 BAHT 39.56 23.40 Rl'PIAH 8,623 5,102 RENMINBI 8.299 4.910 INDIAN RUPEE 44.66 26.42 AS 1.354 0.801 NZS 1.557 0.921 PRIME RATES SINGAPORE
      76 words
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  • Page 5 Advertisements
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      Lock icon Page 5 Advertisements Column 1
      274 5 Build credibility with TrustSg 1 Invest in building trust for your online business so that your customers will n confidently divulge credit card details, reveal personal information and recommend An IDA I I U3I wy Oyj you to their friends. Apply to become a TrustSg accredited merchant now! Call Commerce
      274 words
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  • money personal investment
    • Article, Illustration
      Lock icon Steady return for CPF Special Account
      1172 6  -  One trick is to keep to a discipline of having a simple diversified portfolio of equities and bonds, with little short-term trading in between, a financial adviser tells GENEVIEVE CUA GENEVIEVE CUA FOR most people, the call to invest savings sitting in the CPF
      Source: S&P Fund Services; CHRIS LOH  -  1,172 words
    • Article, Illustration
      Lock icon There's still meat in the stock market
      1041 6  -  show me the money teh hooi ling SINGAPORE'S economy is forecast to grow 5.5 per cent this year the strongest performance since 2000. So why has the stock market been floundering for the past month or so? Could it be that the market
      Compiled by BT  -  1,041 words
  • Article
    Lock icon BT SHARE INFORMATION SERVICE
    1085 6 for week beginning Mar 22 *3 »OOf MM SHAREHOLDING S2T s4 SIwtm Per Mom After Stedl P«U Director Conv '008 SlirS (*800) (DQ» HiapMoh 24-Mar-04 Gracefield Inv "Buy 5496 0.35 0 0 00 5496 13 09 Pa ?^l ul 100 0 35 0 0M > '00
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  • news at home
    • Article
      Lock icon Lacoste loses copyright suit against Crocodile
      411 7  -  China court orders it to apologise, pay US$1 to S'pore-based firm By Chen Huifen SINGAPORE-BASED Crocodile International announced yesterday that it had won a case in Shanghai against La Chemise Lacoste in a copyright infringement dispute involving the use of a logo of a
      411 words
    • Article
      Lock icon S'pore, Korea end 2nd round FTA talks
      159 7 SINGAPORE and Korea have concluded the second round of negotiations for their Free Trade Agreement (FTA). The talks were held in Seoul earlier this week and ended yesterday. A joint press statement issued yesterday said substantial progress was made in many areas, including
      159 words
    • Article, Illustration
      Lock icon Tower 1 of The Central almost sold out
      281 7 Foreigners make up half off the SoHo unit buyers: Far East ALTHOUGH property sales generally have been subdued of late, Far East Organization has found buyers for 50-plus small office, home office (SoHo) units at The Central this month. Half of the
      281 words
    • Article
      Lock icon CPI up the most for poorest households
      234 7  -  on the economy inflation By Chen Huifen PEOPLE in the lowest income group were hit hardest by higher prices in the second half of last year as the costs of food, education and stationery, and healthcare went up. According to data from the
      234 words
    • Article
      Lock icon Shimao releasing 30 units for foreigners
      238 7 SHANGHAI'S Shimao Group is releasing 30 apartments at its Shimao Riviera Garden for Singaporeans, Malaysians and Indonesians this weekend. Priced at an average of $3,728 per square metre, the Shimao Riviera along the Huangpu River is one of the most expensive apartment developments in
      238 words
    • Article
      Lock icon Electricity rates to rise next month
      130 7 ELECTRICITY tariffs will go up by an average of 2.4 per cent, or 0.36 cent per kilowatt hour (kWh), next month. The revised tariffs will be in place for three months from April to June. Singapore Power said yesterday the increases reflect higher oil
      130 words
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      Lock icon Page 7 Advertisements Column 1
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      146 words
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      Lock icon Page 7 Advertisements Column 2
      96 7 Main Showroom: Pan-West Tae-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 Vietnan Every genuine Callaway Ootf dub bear* a registered aerial number. To protect your investment look out for the Pan-We«t
      96 words
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  • focus SBA dinner
    • Article, Illustration
      Lock icon Giving credit to their other halves
      1485 8 EVEN though it was one woman who basked in the limelight for her stewardship of Enterprise Award winner Hyflux, there were two other women who also shared the glory with their husbands. It was a touching moment at the glittering Singapore Business Awards on
      PHOTOS BY CHRIS LOH. ARTHUR LEE  -  1,485 words
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  • news region
    • Article, Illustration
      Lock icon Kuok buys controlling stake in M'sian airfreight carrier
      457 9  -  Tycoon expected to use Transmile to capitalise on M f sia-HK open skies pact From Eddie Toh in Kuala Lumpur "SUGAR King" Robert Kuok has acquired a controlling interest in a Malaysian airfreight forwarder but industry insiders don't expect him to join
      NSTP  -  457 words
    • Article
      Lock icon Abdullah to announce new cabinet today
      293 9 It will be enlarged as the number of lawmakers has increased AFP AP AFP, AP. Bernama [KUALA LUMPUR] Malaysian Prime Minister Abdullah Ahmad Badawi is expected to announce an enlarged cabinet today after his landslide poll victory, a senior party official said. The official
      AFP; AP; AFP, AP. Bernama  -  293 words
    • inbrief
      • Article
        Lock icon Chen declared winner of polls
        55 9 Reuters [TAIPEI] Taiwan's Central Election Commission yesterday declared incumbent Chen Shui-bian as the winner of Saturday's disputed presidential election amid violent protests by a group of opposition supporters. "A meeting has certified Chen Shui-bian as winner and we expect to post the announcement later today,"
        Reuters  -  55 words
      • Article
        Lock icon HK Feb exports up 28%
        72 9 AFP [HONG KONG] Hong Kong February exports soared 28.2 per cent from a year earlier, eclipsing a sharp slowdown in January on the back of continued robust demand in East Asia and Europe, the government said yesterday. It said exports totalled HK5134.8 billion (5529.3 billion),
        AFP  -  72 words
      • Article
        Lock icon BP to cut Indon gas block stakes
        100 9 Reuters [JAKARTA] British oil giant BP pic is in talks to reduce its shareholding in two Indonesian gas blocks, but is not planning any pull out from the giant US$3 billion Tangguh gas project, a company official said yesterday. "BP is interested to
        Reuters  -  100 words
      • Article
        Lock icon Ayala rules out bid for Maynilad
        80 9 Bloomberg [MANILA] Ayala Corp, owner of the Philippines' largest developer and No 2 phone and banking companies, isn't considering making a bid for Maynilad Water Services Inc, Ayala chairman Fernando Zobel de Ayala said. Ayala controls Manila Water Co, which in 1997 won the
        Bloomberg  -  80 words
      • Article
        Lock icon China eyes earlier lunar probe
        66 9 AFP [BEIJING] China hopes to launch its first lunar probe in December 2006, a year ahead of a previously-planned launch date, state media reported Thursday. Luan Enjie, director and chief commander of the lunar satellite project at the China National Space Administration (CNSA), said development
        AFP  -  66 words
      • Article
        Lock icon PC sales in India soar 87%
        77 9 AFP [NEW DELHI] Sales of personal computers in India jumped 87 per cent in the third quarter of the fiscal year ending in March, putting the industry on track to achieve the year's target of three million computers sold. The Manufacturers Association of Information
        AFP  -  77 words
    • Article
      Lock icon Bharti to outsource IT services to IBM in US$750m deal
      533 9 AFP Bernama [NEW DELHI] India's largest private telecoms firm, Bharti Tele-Ventures, said yesterday it is outsourcing in-house IT maintenance and helpdesk services to US computer giant IBM in a deal worth up to US$75O million. Bharti, of which New York-based
      AFP; Bernama  -  533 words
    • Article
      Lock icon KL rates to be more market-based
      394 9  -  Bank Negara also ups 2004 growth projection to 6-6.5% From Diana Oon Abdullah in Kuala Lumpur MALAYSIA'S central bank will move towards a more market-oriented interest rate regime this year, in order to "take advantage of a window of opportunity to improve the strength
      394 words
    • Article, Illustration
      Lock icon The rising grandson of Genting empire
      566 10  -  Justin Leong is one emerging corporate player to watch out for From Eddie Toh in Kuala Lumpur BEING the third generation of one of Asia's richest families can be a double-edged sword. They never have to worry about money, but they are also constantly
      566 words
    • Article, Illustration
      Lock icon Scrum for seats at HK's Rugby Sevens
      551 10 Tickets for the 3-day tournament sold out on Monday Bloomberg [HONG KONG] Rugby fans, businessmen and bankers have snapped up all the seats and corporate boxes for the Hong Kong Rugby Sevens, a year after the Sars virus kept many away. Companies such
      Bloomberg; AP  -  551 words
    • Article
      Lock icon Snow presses China to float yuan, plans Beijing emissary
      370 10 AFP [WASHINGTON] US Treasury Secretary John Snow on Thursday called on China to float the yuan as fast as possible and said he would appoint a high-level emissary to Beijing to press his case. "China has pegged its currency to the
      AFP  -  370 words
    • Article
      Lock icon Philips says it will keep moving jobs to Asia
      323 10 Reuters [AMSTERDAM] Dutch company Philips, Europe's largest consumer electronics maker, told shareholders on Thursday that it would keep moving jobs to Asia and critics of this policy were behind the times. "Many people in this part of the world still seem
      Reuters  -  323 words
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      Lock icon Page 9 Advertisements Column 1
      377 9 Call toll-free 1800 289 8822 j^^jjJ^^^^fan^iotices6sphxomLSg IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF P.P.P. PTE. LTD. (FORMERLY KNOWN AS JIM HALL'S RESOURCES PTE LTD) (In Members' Voluntary Liquidation) NOTICE OF SPECIAL RESOLUTIONS At an Extraordinary General Meeting of the Members of the Company
      377 words
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      Lock icon Page 9 Advertisements Column 2
      1369 9 Beautiful Brisbane Queensland Australia PRINTING BUSINESS FOR SALE (Established 1989) Very profitable Highly qualified staff of 45 Established clients Secure income Pre-tax profits over AUDS 2 million Asking price AUDS 10 million Extras Purpose-built factory included in price Director prepared to stay Serious enquiries only, please write to: The Proprietor
      1,369 words
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  • Article, Illustration
    Lock icon FINANCE
    601 10 Transaction date: Mar 26 MTBRBAMK CURRENCY RATES Against S$ Against US$ Against S$ Against US$ Currencies Bid Offer Bid Offer Currencies Bid Offer Bid Offer SS/VSS to 100 SS/USS to one unit of foreign currency: unit* of foreign Australian dollar ***** 1.2489 0.7382 0.7387 ™"7 ne Canadian dollar U748
    601 words
  • Article
    Lock icon KLSE
    2402 10 Transaction date: Mar 26 KUALA LUMPUR nera I^ p ?S "2* 47 Vo j General Sod 1.26 unch 0 KM *1- COOO) Genting 16.90 unch 3112 1=2 George Kent .0.98 -0.03 32 AIM Realty 1.76 -0.03 70 Globetronics Tech .7.10 unch 504 Abric j0.77 -0.01 65 GlomacBhd 334 0.06
    2,402 words
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  • Article
    Lock icon Househunt Property transactions lodged between 18 March to 25 March, 2004
    757 11 District 02 NON-LANDED loon Apt 29/1/04 99 1238 800 648 Irrtl Plaza Apt 9/2/04 99 1475 505 342 The Arris Apt 9/3/04 FH 990 730 737 District 03 NON-LANDED Alessandrea Apt 8/3/04 FH 1098 775 708 Alessandrea Apt 8/3/04
    757 words
  • news world
    • Article, Illustration
      Lock icon Kerry to propose revision of taxes on overseas profits
      593 11 His plan is aimed at prompting firms to invest more money in the US NYT [WASHINGTON] Responding to widespread anxiety about the movement of American jobs overseas, Senator John Kerry, the presumptive Democratic presidential nominee, was planning to propose yesterday a
      NYT; AFP  -  593 words
    • Article
      Lock icon German confidence evaporating: Ifo
      356 11 Doubts about economic recovery growing, it says AFP, Reuters [MUNICH] Industrial confidence in Germany is fading fast, even without taking into account any shocks from the bombings in Madrid as companies grow increasingly sceptical about the outlook for recovery, a new survey showed yesterday. A widely
      AFP,; Reuters  -  356 words
    • Article
      Lock icon Fed may opt for earlier, smaller rate rises: official
      429 11 AFP [WASHINGTON] Federal Reserve policymakers may opt for earlier, smaller increases when they start to abandon super-low interest rates, a senior Fed official said on Thursday. The Federal Reserve's biggest challenge would be to raise rates from a "highly accommodative" level
      AFP  -  429 words
    • Article
      Lock icon Personal income growth outpaces spending in Feb
      484 11 LATEST US INDICATORS Some economists may cut Q1 GDP growth forecasts Reuters [WASHINGTON] US personal income growth outpaced consumer spending in February, the Commerce Department said yesterday, as shoppers cut back on their purchases of long-last-ing durable goods. The department said personal income
      Reuters  -  484 words
    • inbrief
      • Article
        Lock icon Microsoft set to enter Web search fray in 12 months
        94 11 Reuters [REDMOND, Washington] Microsoft Corp is set to launch its push into the Web search market now dominated by Google and Yahoo Inc. Chief executive Steve Ballmer, speaking at a conference, on Thursday said the software giant will begin rolling
        Reuters  -  94 words
      • Article
        Lock icon No proof of smuggling by British American Tobacco: UK govt
        99 11 AP [LONDON] A 3 H-year investigation of smuggling claims against British American Tobacco has produced no evidence of illegal activity by the firm, the UK government said yesterday. Trade and Industry Secretary Patricia Hewitt said the investigation "has not uncovered
        AP  -  99 words
      • Article
        Lock icon Parmalat to dispose of assets in US, Latin America and Asia
        64 11 Reuters [MILAN] Parmalat will sell or liquidate various assets in the US, Latin America and Asia as its administrators seek to revive the insolvent Italian food group, the firm said yesterday. Parmalat said in a presentation to creditors that
        Reuters  -  64 words
      • Article
        Lock icon Citigroup wins nod to buy stake in Koram Bank
        139 11 Bloomberg [SEOUL] Citigroup Inc, the world's biggest financial services company, won approval from South Korea's regulator to proceed with its planned purchase of a stake in Koram Bank. "Citigroup complies with qualifications set by law and is forecast to help boost
        Bloomberg  -  139 words
      • Article
        Lock icon EBay founder to invest in businesses for 'social change'
        88 11 Bloomberg [SAN FRANCISCO] Pierre Omidyar, the founder of EBay Inc, said he's reorganising his charitable foundation to invest more of his fortune in for-profit businesses that contribute to "social change". Mr Omidyar, the 35-year-old chairman of the world's largest online auction
        Bloomberg  -  88 words
    • Article, Illustration
      Lock icon Infineon's Schumacher ousted
      638 12 Outspoken CEO's blunt management style and radical plans upset many. Unions help CFO and COO to remove him in boardroom coup NYT, Reuters AFP [FRANKFURT] Ulrich Schumacher, an outspoken German executive who sharply criticised his country's high taxes and rigid labour laws, was ousted unexpectedly on Thursday
      NYT,; Reuters; AFP  -  638 words
    • Article
      Lock icon Vote on Grasso pay may be questioned
      366 12 NYT [NEW YORK] Regulators preparing a lawsuit against Richard Grasso, the former chairman of the New York Stock Exchange (NYSE), may question the validity of the board vote that gave him a U*****.5 million payout, according to lawyers who have been briefed on
      NYT  -  366 words
    • Article, Illustration
      Lock icon Madonna's firm sues Warner
      415 12 US$200m suit claims giant music label violated joint venture terms AFP [LOS ANGELES] Pop superstar Madonna's Maverick Records on Thursday filed a US$2OO-million lawsuit against Warner Music Group, claiming the giant label breached the terms of a joint venture. The suit asks a judge to terminate
      AFP  -  415 words
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  • Article
    Lock icon STOCKS ASIA
    4696 12 i Transaction date: Mar 26 HONGKONG Vol HK Exchanges Clearing.17.00 -0 05 5435 HK$ '000 HKRIntl 2.63 -0.03 3048 HK and China Gas 13.40 0.20 8053 Aeon Credit 5.75 -0.10 82 Hong Kong Electric 34.30 -0.10 3237 AeonStores 5.95 -0.05 118 Hongkong Chinese 1.10 0.04 1216 Alpha General
    4,696 words
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  • motoring
    • Article, Illustration
      Lock icon Get a view on this
      667 13  -  Renault's latest Megane Coupe-Cabriolet features a fully automatic glass roof that tucks neatly into its ample rear. SAMUEL EE has the details SAMUEL EE THE folding metal roof may have been around for decades, but it was the recent success of one convertible with such
      SPLIT SECOND MEDIA  -  667 words
    • Article, Illustration
      Lock icon French connection
      474 13  -  By Samuel Ee FOUR-seater all-weather convertibles are surprisingly commonplace in sunny Singapore, although not all have the Megane's rigid glass roof. Two with conventional fabric roofs are the Saab 9-3 Convertible and the Audi A 4 Cabriolet. Both are also front-wheel-driven with fully automatic roof mechanisms. But these
      474 words
  • Article
    Lock icon UNIT TRUSTS & FUNDS
    3737 13 UNIT TRUSTS FUNDS s b Sei Gfc Bus las ptfl 03<sgd) 1.0923/ S B Sel Gfc Bus Ldrs Ptfl 03(USD) 1 1348/ AU1 MM ic'um) CiSiond S pore Class Y 0.994/ A"" 0 li P 0 5 B Set Eqty Dividend Pf 04 (SGO) *****/ tofeStaS S B Sel Eqty
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  • style sports
    • Article, Illustration
      Lock icon Can Schumacher and Ferrari be beaten?
      591 14  -  The others have to get their act together fast if they want to do so, says RONNIE LIM RONNIE LIM am am t's still early days", a full-page advertisement by Mercedes-Benz proWM claimed in the iViea; Straits Times, a day after the Malaysian Grand
      AFP  -  591 words
    • Article, Illustration
      Lock icon Rugby Sevens fun goes beyond the field
      822 14  -  frankly speaking mike rees BUSINESS can be pretty serious when you're fighting to grow market share, driving profitability, managing costs and evaluating that next big deal. But work should ideally be more than just "work". It should also be fun. The game of
      822 words
  • Article
    Lock icon SGX
    751 14 t i Transaction date: Mar 26 Tumoral coat) vau* rwe) TWI m TaMl MuMM 27,114 27.316 US U2ft Manufacture St MO HJB2 *****3 WJH 113.7M Ommmmxm 33. MZ IVW 47,Ml HMD <7» 13«.t*7 TpAMaKja* ua,17l MB 12*3*3 1S2.444 W 152J2J Aim HIM 212 21JM >***** 133 *****5 ContMalOT 3*440
    751 words
  • Article
    Lock icon BONDS & WARRANTS
    757 14 BONDS WARRANTS M Last Vol Cam Eur Nk &<«■% Ci«>uy S»h w OH Mo Price lm Loft 3698 AST1W*****1. 41 2.5 16 1 16 1 1.38 3 3697 AanaLtd\M>***** 05 1 50 531 16 00 8 3602 Amtek W*****0 100 1 33 3 1.29 15 3603 Armstrong W*****0 .6.5 unch
    757 words
  • Article
    Lock icon SGX SESDAQ
    2137 14 -3E I* Urt Voi Day Last Quote GrOiv Div GrYld Net MUp High Low Code Company Uit ("000) Wgh Lew luyr SalUr Cvr Wl tmS 26 7.5 5000 ABR Hldgs 5c 16.5 15 5 17 31 g 42 15 2101 APOHSc 30.5 unch 59 31 30 30.5 31
    2,137 words
  • Article
    Lock icon CLOB INTERNATIONAL
    177 14 M imt Vwi Dai IMQMi Gr(M» Mr GrYM MM H(m «»u»CKi ci—■» Site W rt u» —rm nam c* hi v3 m IOC 6000 AVjenmngsA25< A224 .2 82 225 223 22* 225 40 8 8 4 4 85 4B4J 6001 Caltay P* 20e HK720 Hi 21 7.4 6
    177 words
  • Article
    Lock icon SGX XTRANET
    211 14 jH* y. Urt ¥W ftijf LislQuot* GrOw On GrYW MM MCn tow Co«t Ci«>W| M« '> r<oil W» Cw Ht t3 MO MOO M*1 DumofXfc UU060 2)20 ***** 60K ISO) lA T«*l VOHO fan BMSOUn MSB 1101 tSSAWOOl USUTQtd 1I«0 we tlK SPWS_ US112Q0 is» <jw yn snemoo
    211 words
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  • style health
    • Article, Illustration
      Lock icon 3D technology for dental surgery
      1211 15  -  A new 3D Virtual tracking' system to help surgeons with precise dental work is now available in Singapore. CHEAH UI-HOON finds out more CHEAH UI-HOON WHEN Allison Lim (not her real name), 18, lost an upper front tooth because of an accident, she had to
      1,211 words
  • Article
    Lock icon SGX MAINBOARD
    7019 15 I Transaction date: Mar 26 52-Wk Tet Last Vo< Day UstQuote GrOtv Otv GrYM Net MCap H»0i low Code Company Sala CQOO) High Low »«yr Satar S Cvr HI jnS 57.9 32 9 5834 A-Sonic 40.5 -0.5 211 41.5 40.5 40.5 41 5 N9.7 0.6 14.4 137.1 8
    7,019 words
  • Page 15 Miscellaneous
    • Miscellaneous
      Lock icon Page 15 Miscellaneous Column 1
      232 15 CRYPTIC CROSSWORD 1 Illegal such indoor 3 it's very little money to some |hJ LJ——LJ 9lt makes sense to hold a judi- 4 Element any Athenian may jjj JMb 10 Refers to promotional materi- 5 But surely he's too young to jIV ""~~~hH~ sl (7) need (6) 11 W fT
      232 words
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  • style shopping
    • Article, Illustration
      Lock icon The Vuitton money machine
      2467 16 Inside the world's biggest, most profitable luxury brand Business Week THUNK. Thunk. Thunk. Behind a locked door in the basement of Louis Vuitton's elegant Paris headquarters, a mechanical arm hoists a brown-and-tan handbag a half-metre off the floor then drops it. The bag, loaded with a
      Business Week  -  2,467 words
    • Article, Illustration
      Lock icon Bagging big new markets
      593 16 Business Week INDIAN aristocrats, business leaders, and Bollywood stars turned out in force last March at a glittering opening reception for an exhibit of antique luggage used by maharajahs. But the luxurious steamer trunks and custom-made cases for swords and turbans weren't on display in a
      Business Week  -  593 words
    • instore
      • Article, Illustration
        Lock icon Floral carrier
        45 16 IT is demure yet assertive. And the paradox is probably why this formal acrylic evening bag is so enchanting. What's more, its light floral motif means you go casual with it, too. Made by Spain's Villanueva Carey, it costs $179 at Lulu, Scotts.
        45 words
      • Article, Illustration
        Lock icon Retro-spec
        62 16  -  Compiled by MIKE CHUA SILHOUETTE'S Sun 2004 collection, flushed with exotic tropical colours, is a show-stopper. Among them is this kiwi-green SPX Modern Art model, with an ultra light frame and beta titanium elements with no hinges or screws. Fashioned with the seventies look in mind, this is one
        62 words
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  • style pursuits/wine & dine
    • Article, Illustration
      Lock icon Flamenco greats to light up arts stage
      445 17  -  Veteran dancer Antonio Vargas will perform with acclaimed guitarist Jeronimo Maya at the Arts House opening festival. CHEAH UI-HOON reports CHEAH UI-HOON YOU'VE seen him in Strictly Ballroom as Rico. He also choreographed and staged the opening flamenco scene for Mission Impossible 11,
      445 words
    • Article, Illustration
      Lock icon entertainmentguide
      634 17 Going out or staying in this weekend? We round up reviews and recommendations film Icy escapade A DEBUT film from Icelandic filmmaker Dagur Kiri, Noi Albinoi, is the opening film for the 75- seater Screening Room at The Arts House now to be dedicated to budding film talent, quality
      634 words
  • Page 17 Advertisements
    • Advertisement
      Lock icon Page 17 Advertisements Column 1
      911 17 wine&dine with weekendßT Asian Wok Rataliy Bar A Reetaurant Triple 3, The Buffet Restaurantoffers the most lavish Special double-boiled soups and six other dishes from 4580 at Quay. TeL *****006 #81-09 Chijmes. TeL *****919 spread of International buffet delights so you can eat weekday set lunch menu at only $22.80.
      911 words
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  • style food
    • Article, Illustration
      Lock icon Putting the kick back into Thai food
      978 18  -  If your local Thai eatery isn't serving you authentic Thai cuisine, chances are its chef hasn't been trained at the Bangkok Oriental's Professional Thai Chef Programme. GEOFFREY EU finds out more GEOFFREY EU IT has been well over 20 years since Thai cuisine
      978 words
    • Article, Illustration
      Lock icon Well-satisfied in Shanghai
      753 18  -  By Joyce Koh SHANGHAINESE friends often warn that staying too long in the city can spell trouble for your waistline. Because you can wine and dine like the last emperor of China on the budget of a poor college student. A 20-course banquet replete with a splendid
      FILE PHOTO  -  753 words
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      Lock icon Page 18 Advertisements Column 1
      96 18 Shmalaysia proudly presents 0k THE C O MPLETE WORK? sHfs[ JF jB/SBSm J by Jess Winfteld, Adam Loos Daniel Singer funny show! 'A scream from start to finish... JHH|A a terrific way to spend an evening' Straatv 23 Marctl 04 DBS Arts Centre Home of SRT Tki 25 Mar 8
      96 words