The Business Times, 10 April 2004

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Total Pages: 18
1 18 The Business Times
  • 7 1 MITA (P) 023/03/2004 THE BUSINESS TIMES SINGAPORE
    7 words
  • 651 1  -  He is now seen as odds-on favourite to take the presidency From From Shoeb Kagda in Jakarta WITH counting of the 147 million ballots cast on April 5 proceeding at a snail's pace, Indonesia's leading politicians are not waiting for the
    REUTERS  -  651 words
  • 593 1  -  The Fair Trading Act even covers gifts or prizes besides the usual goods and services By Chuang Peck Ming [SINGAPORE] Do you know that gifts or prizes you receive not just the goods and services you buy are covered under the Consumer
    593 words
  • 543 1  -  EXCLUSIVE 4 find new owners while another 3 are still looking By Andrea Tan [SINGAPORE] While budget airlines look set to take off, some budget hotels are going under. At least seven such hotels have failed to make it, with four having been
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  • Page 1 Advertisements

  • newsfront
    • 1059 2  -  Saturday soapbox Having US Marines as an anti-piracy force may not be a bad idea since the littoral states seem hamstrung in dealing with the problem donald urquhart IT could be the next great Hollywood blockbuster. Imagine heavily armed, Oakley sunglass-clad marines speeding along the
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    • 741 2  -  EXCLUSIVE Rising jobless rate, receding stigma seen as factors By Daniel Buenas [SINGAPORE] More Singaporeans are turning to pawnbrokers as a source of financing, with the amount of loans given out by pawnshops last year hitting an all-time high of almost $1.3 billion,
      Source: Ministry of Law  -  741 words
    • 588 2  -  400 visitors turn up; pick-up rate for prime project good, say sources By Vince Chong, Amit Roy Choadhury [SINGAPORE] The longawaited soft launch of MCL Land's MeraPrime condo project attracted 400 visitors yesterday. The company released 72 units on the first 12 floors for
      588 words
  • Page 2 Advertisements
    • 61 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:+6s 6535 3382 F: +65 6535 3991 E: singapore@ocra.com.sg
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  • the raffles conversation
    • Article, Illustration
      2079 3  -  A champion of consumer rights until his shock departure from Case, lawyer Stephen Loke has now turned his attention to promoting ethical business practices. He tells WONG WEI KONG what moves him to start his day at 4am WONG WEI KONG SO just who is Stephen Loke? Consumer
      ARTHUR LEE  -  2,079 words
  • Page 3 Advertisements
    • 61 3 Raffles INTERNATIONAL Hotels Resorts The Raffles Conversation is brought to you through a special arrangement with Raffles International Hotels and Resorts. The Traveller's Palm in the Raffles International logo is an apt symbol. Not only has water stored at the base of this palm provided sustenance, the leaves rest in
      61 words

  • news companies
    • 1308 4  - Kenny Yap big fish in a growing pond By Taila Krishnakumar KENNY Yap is a big fish in a small pond that keeps getting bigger. He is the chief executive officer of Qian Hu Corporation Limited, a mainboard-listed breeder and exporter of ornamental fish, which has received numerous accolades for
      FILE PHOTO  -  1,308 words
    • 663 4  -  The business travellers' medical services group sees Asia as the fastest-growing part of its business in the near term. SERENA NG reports SERENA NG AN AMERICAN company that specialises in emergency evacuation and medical services for business travellers, airlines and multinational companies is working towards a
      ARTHUR LEE  -  663 words
    • 735 5  -  Downgrading stock to 'sell', GK Goh says resignations heighten the company's risk profile departure of key staff may affect Citiraya's ability to secure new contracts By Taila Krishnakumar LESS than two years after its mainboard listing, electronics waste recycler Citiraya Industries has
      FILE PHOTO  -  735 words
    • 464 5  -  Tech firm often gets mistaken for troubled electronics maker Startech By Joyce Koh THEIR names are similar but their fortunes are light years apart. One is a fading star on the local bourse, while the other is shining brightly after recently coming out of the
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  • Page 4 Advertisements

  • Page 5 Advertisements
    • 264 5 Build credibility with TrustSg ftUif I I Invest in building trust for your online business so that your customers will n confidently divulge credit card details, reveal personal information and recommend i A n in A II UOipPywyJ you to their friends. Apply to become a TrustSg accredited merchant now!
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  • money personal finance
    • 524 6  -  It also recommends eight stocks as its top picks for the second quarter. KENNETH LIM reports KENNETH LIM SETTING a target of 1,990 for the Straits Times Index (STI) and sticking to its belief in "growth stocks in a low-interest environment", Phillip Securities Research has
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    • 482 6  -  By Taila Krishnakumar EQUITIES globally are likely to consolidate in the second quarter with few fresh themes for investors, but the outlook for the second half of the year remains bullish, said DBS Bank's Economic Market Research department. In its quarterly Asset Focus and
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    • 965 6 for week beginning Apr 5 SafcfmtM lay Mo«f Mm SHAKN0UMN6 Shareholder s«fl Shares Per Mar* Altar !22 P«t> Director Cony HOB She S (HH C—I ?-Apr-04 Chan Nyuk Ijn Sell 5750 0.26 ***** 1131 9347 7.00 J™ 7-Apr-04 LveCheeFei *Buy 5750 0.26 1654 U1 7404 5.55
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    • 929 6  -  No need to y say banks, as long as you can pay monthly instalments on time By Siow Li Sen [SINGAPORE] There's bad news and good news. So which do you want first? On Thursday last week, property owners sitting on negative equity were told their
      FILE PHOTO  -  929 words

  • money personal investment
    • 1268 7  -  show me the money Just by announcing its plans for a capital reduction, SPH has seen its share price rise $1.70 in two days Teh hooi ling The writer, a BT senior correspondent, is a CFA charter holder. Email: hooiling@sph.com.sg HAS the management of
      FILE PHOTO; Compiled by BT  -  1,268 words
  • 2248 7 Transaction date: Apr 9 KUALA LUMPUR G f Corp .0.59 -001 171 Vol General Soil 1J26 unch 0 RM W- C000) Genting 17.50 unch 221 2 GeorgeKent .0.85 0.01 33 A&MRealty 1.73 0.02 17 fflobetronks Tech 7.50 unch 226 Abric .0.70 -0.02 36 GlomacBhd 3.18 -0.08 686 ACPlndurtriM 2.50
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  • Page 7 Advertisements
    • 139 7 village RETAIL LIFESTYLE OUTLETS FOR LEASE AT OUR MINIMALIST HIP HOTEL New landmark on the Eastern tip of Singapore, a 15-minute drive from Changi International Airport, Singapore Expo, Tampines p Loyang Business Parks yfl 380 guestrooms, 13 meeting rooms, rooftop pool and spa for corporate travellers, transit visitors, leisure travellers,
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  • news region
    • inbrief
      • 99 9 Bloomberg [JAKARTA] Garibaldi Venture Fund Ltd, a Singa-pore-based fund, will take over debts owed to PT Gajah Tunggal, allowing it to complete its purchase of the company, Indonesia's biggest tyremaker. Garibaldi agreed to take over the debts by PT Dipasena Citra Darmadja Group and
        Bloomberg  -  99 words
      • 65 9 Reuters [BEIJING] An animal activist wearing prison garb and a monkey mask crammed into a cage with a sign reading "Columbia University Tortures Animals" during a protest yesterday outside an alumni fundraising reception here. The activist, a member of People for the Ethical Treatment of Animals (Peta),
        Reuters  -  65 words
      • 114 9 Bloomberg [JAKARTA] Indonesia has closed two closely connected commercial lenders, Bank Dagang Bali and PT Bank Asiatic, costing the government as much as 2.39 trillion rupiah (***** million). "This involved affiliated companies which received loans from the banks using fictitious collateral," Anwar Nasution, senior deputy
        Bloomberg  -  114 words
      • 138 9 Bloomberg [HONG KONG] Billionaire Li Ka-shing's Tom Group Ltd, a publishing and Internet company, said it applied to switch its listing in Hong Kong to the main board from the Growth Enterprise Market in a bid to attract more institutional investors and improve
        Bloomberg  -  138 words
      • 129 9 AFP [NEW DELHI] India's Supreme Court ruled on Thursday that banks and financial institutions, burdened by a pile of loan defaults, should be allowed to sell the assets of companies who fail to pay back their loans. A three-judge bench quashed 40
        AFP  -  129 words
    • 474 9 Boardroom tussle could cause Temasek to look at other Malaysian banks to invest in, say analysts Reuters [KUALA LUMPUR] A fight to control the board of Malaysian Plantations Bhd (MPlant), parent of lender Alliance Bank, may force Singapore state investment
      Reuters  -  474 words
    • 426 9 Reuters had reported investment agency was behind a failed bid Bloomberg [KUALA LUMPUR] Khazanah Nasional Bhd, the biggest shareholder of Perusahaan Otomobil Nasional Bhd (Proton), denied a Reuters report it had tried to oust the Malaysian carmaker's chief executive Tengku Mahaleel Tengku Ariff
      Bloomberg  -  426 words
    • 348 9 AP [BEIJING] China has freed its national pension fund to invest abroad, bringing a massive new player into the world's financial markets in a move the government hopes will help to pay for retirement for its growing number of elderly people.
      AP  -  348 words
    • 255 9 Bloomberg [BANGKOK] Crown Property Bureau, which manages the assets of Thailand's King Bhumibol Adulyadej, expects to complete its planned purchase of a 13 per cent stake in Siam Commercial Bank pel soon, ending a three-year hold-up because it wants to pay for
      Bloomberg  -  255 words
    • 463 10 Analysts say Beijing has to cool an overheating economy, where output had been accelerating since Sept Reuters [BEIJING] Chinese industrial output raced ahead in the year through March as factories racked up production of everything from steel plates to cell phones amid expectations
      Reuters  -  463 words
    • 431 10 NYT [HONG KONG] Inflationary pressures are rapidly increasing in China's fastgrowing economy, with new data from China's central bank showing that companies paid fast-rising prices in March to buy a wide range of commodities and industrial products. Inflation in China has
      NYT  -  431 words
    • 687 10 NYT [TAIPEI] The Pacific Ocean's "Ring of Fire" doesn't sound like the best place to put up a skyscraper, and certainly not the world's tallest. In addition to the earthquakes that give this zone its name, Taiwan is visited several times a
      NYT; HARYANI ISMAIL  -  687 words
    • 389 10 Asia now has a third share, against Europe's 19 per cent Reuters BANKS can now make more money in Asian equity capital markets than in Europe, but few bankers expect a big shift in focus from one continent to
      Reuters  -  389 words
  • Page 9 Advertisements
    • 16 9 1 Llanhe Zaobao 9 Comfort Delgro I may I invest MI lin ml Xi'an|S I ill
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    • 363 9 HlVnpiH Call toll-free 1800 289 8822 IN THE MATTER OF THE COMPANIES ACT, CHAPTER SO AND IN THE MATTER OF INTERNATIONAL BEVERAGES CORPORATION PTE LTD (IN CREDITORS' VOLUNTARY LIQUIDATION) NOTICE IS HEREBY GIVEN that the final meeting of member* and creditor* of the obovenamed company will be held at 20
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    • 1101 9 I Beauty China Holdings Limited I 111 (Incorporated in the Cayman Islands) NOTICE IS HEREBY GIVEN that the Annual General Meeting of Beauty China Holding* Limited (the "Company") will be held at Orchard Hotel, Juniper Room, Level 2 Conference Centre, 442 Orchard Road, Singapore *****9 on Tuesday, 27 April 2004
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  • Page 10 Advertisements
    • 2569 10 Notices IN THE MATTER Of "NJ THE COMPANIES ACT (CHAPTER 50) C °S^aSS/ 0 AND ASSOCIATES PTE LTD IN THE MATTER OF (Provisionol liquidator Appointed) ORISIS INTERNATIONAL PTE LTD NOTICE OF APPOINTMENT OF (IN CREDITORS' VOLUNTARY provisional liquidator LIQUIDATION) NOTICE IS HEREBY GIVEN THAT Mr Ohio Chiew Extract of the
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  • news world
    • 1059 11 EXECUTIVE PAY Coupled with big long-term incentive plan payouts, however, CEOs are finding themselves even better off, a survey finds LAT-WP [NEW YORK] Despite rising shareholder outrage, executive pay continues to rise. But the content of chief executives' pay envelopes
      LAT-WP  -  1,059 words
    • 692 11 Compensation for top executives has escalated sky-high in recent years LAT-WP [NEW YORK] In a world of increasingly generous rewards to corporate executives, jurors in the case of former Tyco executives L Dennis Kozlowski and Mark H Swartz, which ended
      LAT-WP; REUTERS  -  692 words
    • 486 12  -  letterfrontlondon Opponents want ministers to redraft impending legislation By Neil Behrmann THE average Briton loves a flutter, but critics of a new Gambling Bill don't want him to flyUK Government plans to relax gambling legislation dating back to the 1960s have run
      REUTERS  -  486 words
    • 434 12 It's trying to sell more of Van Kampen funds through financial advisers NYT [NEW YORK] Senior Morgan Stanley executives are reassessing the model for their fund business, according to bankers who have been party to the talks. The firm is looking to de-empha-sis the Morgan
      NYT  -  434 words
    • 296 12  -  From Anthony Rowley in Tokyo JAPANESE Finance Minister Sadakazu Tanigaki yesterday reassured foreign exchange markets that the government will step in if the kidnapping of three Japanese hostages in Iraq creates turbulence for the yen. The unusual linkage underscored fears that political instability could
      REUTERS  -  296 words
    • 418 12 Mr Bush's nominee for assistant commerce secretary for manufacturing and services is Albert A Frink Jr, co-founder of Fabrica International LAT-WP [CRAWFORD, Texas] US President George W Bush named a Southern California carpet company executive to serve as his manufacturing czar on Thursday,
      LAT-WP  -  418 words
    • 438 12 Digital technologies will lead to melding of media products Reuters [LOS ANGELES] In a few years' time, when you walk out of a movie, you might be able to buy the DVD right then and there. Forget the six-month wait.
      Reuters  -  438 words
    • 472 12 This explains why so few women ran companies: study LAT-WP [WASHINGTON] It's easy to find theories about why so few women run companies, harder to come up with data. A group of women academics decided in 1998 to try to fill that gap
      LAT-WP  -  472 words
  • Page 11 Advertisements
    • 1310 11 EL CORPORATION NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of JEL Corporation (Holdings) Ltd. will be held at The Pines, Conference Room, 30 Stevens Road, Singapore (*****0) on 26 April 2004 at 3.00 p.m. for the following purposes:As Ordinary Business 1. To receive
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  • style motoring
    • 669 13  -  Unlike its predecessors, the Volvo S40 T5 appears boxy and confident, with improved cabin architecture and crashworthiness of the larger S80, says SAMUEL EE SAMUEL EE COMPETENT but not charismatic. That's what the souped-up versions of Volvo sedans and estates seemed to be. Until the S4O T5,
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    • 358 13  -  By Samuel Ee THE Toyotk Corolla Altis was SingujßJN's most popular car in the flfst quarter of this year, with 2,910 units sold. With its smaller Vios stablemate, the two models from Thailand made up 50 per cent of the
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    • 126 13  -  By SAMUEL EE SWEDISH carmaker Saab finally unveiled its long-awaited 9-7 sport-utility vehicle at this week's New York Auto Show. The midsize SUV is based on a Chevrolet platform. Both companies are owned by General Motors, the world's biggest auto maker. General Motors
      REUTERS  -  126 words
  • 4590 13 Transaction date: Apr 9 HONG KONG Vol HK Exchanges Clearing 17.10 -0.10 1964 Apr 8 HK$ '000 HKRInfl 2 88 -0.03 1376 HK and China Gas 13.35 -0.05 5723 Aeon Credit 5.65 unch 270 Hong Kong Electric 34.40 0.30 2121 Aeon Stores .6.20 0.05 2 Hongkong Chinese 1.13
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  • style sports
    • 1021 14  -  It's still early days but young Justin Rose seems to be doing everything right, reports CLIFTON BROWN CLIFTON BROWN NYT [AUGUSTA, Georgia] Justin Rose was unflappable. The weather was unpredictable. And a struggling Tiger Woods was in trouble after completing only 14 holes before
      NYT; AP  -  1,021 words
    • 765 14  -  frankly speaking By Dave Anderson NYT [AUGUSTA, Georgia] Now that Jay Haas is 50, he finds an AARP application in his mailbox every so often. But he hasn't joined. "They just go right into the circulars file," he said with a smile.
      NYT  -  765 words
    • 810 14 They hope to win fame and fortune as heavy-weight champions in America AP [LAS VEGAS] Wladimir and Vitali Klitschko are heavyweight contenders straight out of a Hollywood script, though their story probably wouldn't fly on the big screen because even Hollywood would find it
      AP; REUTERS  -  810 words

  • style health
    • 1672 15  -  Stressed out and in need of a good rubdown? CHEAH UI-HOON slides into some top-tier massage chairs to find out if any can bring bliss CHEAH UI-HOON SOME Cs in the Singaporean dream of the five Cs cash, credit card, car, condo, and country club membership may
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  • Page 15 Advertisements
    • 727 15 SINGAPORE LTD ROTOL SINGAPORE LTD NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 2004 Annual General Meeting of the shareholders of the Company will be held on Monday, 26 April 2004 at No. 17 Tuas Avenue 9 Singapore *****7 at 10.00 a.m. to transact the following businesses:
      727 words
  • Page 15 Miscellaneous
    • 198 15 CRYPTIC CROSSWORD 1 include one exchange rate 19 Shorten a nasal bone (7) 14 Little arch over the line in bridge, perhaps? (2,1,4) 15 Truce possible if a fighting La LaJ Laa 21 Soldier getting new spirit force is on the ball (9) 27 Pauline perhaps relating to 18 Not
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  • style shopping
    • 741 16  -  The newly-opened Homespun is no ordinary handicraft shop, as CORINNE KERK finds out CORINNE KERK COTTAGE industries and handcrafted objects. Do these words bring to mind poor-ly-made items which people buy out of sympathy for their creators? Not at all. And Homespun, an eclectic little shop
      CHRIS LOH  -  741 words
    • Article, Illustration
      1037 16 CAT ONG goes behind the catwalk for a chat with some key personalities at this year's Singapore Fashion Festival Sven scores WHILE others rely on their sixth sense, for Sven Tan it was sixth time lucky when he snagged the first Merce-des-Benz Asia Fashion Award (MBAFA) last Tuesday.
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  • Page 16 Advertisements
    • 148 16 cuttappeal Star-studded affairs /A DESIGNER handbags and shoes featuring V JBpT stars, charms and lots of piercing seem espe- cialiy well-timed in the wake of Nipplegate I 1 the "wardrobe malfunction" during Janet •^^Sr Jackson's Super Bowl performance which saw her lose her bra to reveal a pierced nipple. While
      148 words
    • 178 16 instore on the shelves at the malls HERE'S one for the bargain-hunter: a '.Jgap' well-cut, medium-heel sandal with pretty embellishments that you'd think costs more than its $33 price tag. Available in black, beige and white at Charles Keith, including Junction 8, City Link Mall, Compass Point and Tampines Mall.
      178 words

  • style pursuits/wine&dine
    • 1381 17 Going out or staying in this weekend? We round up reviews and recommendations performances Master of the mandolin was the to rethe Padmashri from the Government In- Hr dia, for his skills in Bf playing Indian classical music on the mandolin, a Spanish guitar. Shrinivas has played with McLaughlin,
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  • Page 17 Advertisements
    • 959 17 Win6&dine witfaweekendßT w> i| Asian Wok Fl>rtmnw'» Italian KHchin Experience the authentic taste of Japanese food In a RalllilMartM 45 Boat Quay. Tel: 6532 9006 #02-02/05 United Square. Tel: 6356 5285 casual yet inviting ambience. 10 Tuas West Drive. Tel: *****288 Savour a sumptuous spread of Asian dishes In a
      959 words

  • style food/travel
    • 2012 18  -  JAIME EE heads to the Melbourne Food Wine Festival and lakes the opportunity to sample the culinary delights of the city JAIME EE IF you've never been, the justended Melbourne Food Wine Festival could prove to be an eye-opener to those who have
      PHOTOS BY KATHRYN OGILVIE; LYNTON CRADD PHOTOGRAPHY  -  2,012 words
    • 297 18  -  By JAIME EE QANTAS has upgraded its business class, and its new spruce-up is quite a makeover from its previous functional and uninspired incarnation. Besides getting a fancy amenities kit that features products from L'Occitaine the upmarket French brand including moisturiser and leg massage cieaui, ihti lu&hUglu
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    • 866 18 GEOFFREY EU finds out more about the wineries participating in the upcoming World Gourmet Summit BEFORE Dave Powell started making cult wines in South Australia and getting invited to swanky international food events like the World Gourmet Summit, he tried working in a variety of
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