The Business Times, 24 April 2004

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1 20 The Business Times
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  • Title Section
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    11 1 THE BUSINESS TIMES MITA(P) 023/03/2004 85C SINGAPORE APRIL 24-25, 2004 Internet:
    11 words
  • Article, Illustration
    Lock icon Email glitch spawns thriving online trading network
    936 1  -  EXCLUSIVE An unwitting error at a S'pore govt procurement portal has brought thousands of businesses together By Vikram Khanna [SINGAPORE] In what is turning out to be a classic case of "the law of unintended consequences", a programming error from a gov-ernment-run website
    936 words
  • Article
    Lock icon SingPower seen buying power assets for A$5b
    410 1  -  It neither confirms nor denies talks with US-based TXU Corp By Tang Weng Fai [SINGAPORE] Singapore Power yesterday neither confirmed nor denied a report in the UK's Financial Times that said it was "in advanced talks" to buy the Australian assets of US
    410 words
  • Article, Illustration
    Lock icon Don't let schooling interfere with education
    809 1  -  Saturday soapbox University students here cannot continue to operate on the basis off economic fear or fulfilment of a national agenda daniel buenas THE government said recently it is looking at giving the National University of Singapore and Nanyang Technical University more autonomy, so
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  • newsfront
    • Article
      Lock icon Developers get URA nod for 10 major housing projects
      645 2  -  Far East gets to redevelop Natwest Centre into 280 apartments; CapitaLand to build mixed development on Selegie Complex site By Kalpana Rashiwala [SINGAPORE] Developers, now more hopeful about the housing market, have clinched provisional permission (PP) for at least 10 major
      645 words
    • Article
      Lock icon The guests are back for Hong Kong hoteliers
      587 2 But hotels say room rates aren't rising despite boom Reuters [HONG KONG] It's tea time at Hong Kong's landmark Peninsula Hotel and visitors wait 30 minutes in line for a pricey cup of Earl Grey served with cucumber sandwiches on delicate porcelain
      Reuters  -  587 words
    • Article
      Lock icon Price a prime mover in Q1's top 5 best-selling projects
      1079 2  -  All below $600 psf, private home prices down 0.4% in 1st qtr By Andrea Tan [SINGAPORE] In a departure from previous trends, top-selling projects in the first quarter were not the most recent launches. Instead they included some of the
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    • Article, Illustration
      Lock icon SIA public affairs chief Rick Clements resigns
      273 2 [SINGAPORE] Singapore Airlines communications chief Rick Clements is leaving the company. Mr Clements, who is in his 50s, submitted his resignation this week. The reasons or circumstances are not known, and he could not be contacted last night. Mr Clements, a Briton who
      FILE PHOTO  -  273 words
    • Article
      Lock icon SembCorp unit opens fabrication yard in Batam
      404 2  -  From Shoeb Kagda in Jakarta WITH an eye to tapping Indonesia's fast-growing oil and gas sector as well as positioning itself for larger international projects, SMOE, the offshore engineering division of SembCorp Utilities, yesterday officially opened its new US$7 million fabrication yard in
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    • Article
      Lock icon Clarification
      63 2 IN yesterday's report, "Takings of Golden Mile retailers down by half," we quoted Chesterton International's executive director Patrick Foong as saying that he believed the cracks at Golden Mile Complex were nothing more than su-*. perficial blemishes. Ches-* terton has since clarified that Mr Foong's remarks referred to the
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      59 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:
      59 words
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  • the raffles conversation
    • Article, Illustration
      Lock icon MOVIE MAGICIAN
      1457 3  -  When the makers of the epic Lord of the Rings movie trilogy needed to film sprawling battle and crowd scenes, they turned to Stephen Regelous. He takes KENNETH JAMES behind the scenes of the landmark films and his groundbreaking animation technology KENNETH JAMES FOR Massive Software founder Stephen
      KENNETH JAMES  -  1,457 words
    • Article, Illustration
      Lock icon Cast of thousands from the computer
      611 3 PETER Jackson, the visionary director of the Lord of the Rings trilogy, set fellow New Zealander Stephen Regelous the task of developing a system for generating more realistic "casts of thousands". Mr Regelous rose to the challenge by developing Massive, a revolutionary software animation
      611 words
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      99 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
      99 words
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  • news companies
    • Article
      Lock icon Chartered surprises with US$1.9m Q1 profit
      560 4  -  By Tang Weng Fai THIRTEEN turned out to be a lucky number for Chartered Semiconductor Manufacturing. one of the world's top three dedicated chip makers. After suffering losses for 12 quarters in a row, Chartered yesterday sprang a pleasant surprise, posting a net profit
      560 words
    • Article, Illustration
      Lock icon Why have stock options in the first place?
      1077 4  -  corporate analysis This is a good time for companies to re-examine how they reward and motivate staff, says JOYCE KOH JOYCE KOH AFTER all has been said and said again, the new accounting rule to expense stock options is now here to
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    • corporateroundup
      • Article
        Lock icon CapftaLand's $262 m note issue subscribed two times
        78 4 CAPITALAND'S recently launched U*****.6 million (***** million) rated Residential Mortgage Backed Securities (RMBS) issue has successfully closed with a subscription rate of two times. The property giant said there was strong institutional demand in Europe and the US for all three tranches
        78 words
      • Article
        Lock icon China, Vietnam markets boost New Toyo's Q1 net profit
        66 4 NEW Toyo International Holdings posted a 24.8 per cent rise in net profit to $3.4 million for the first quarter ended March 31, 2004. Revenue jumped 46 per cent to $49.9 million, buoyed by favourable conditions in its two main markets
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      • Article
        Lock icon Toshiba becomes substantial shareholder of Trek 2000
        79 4 JAPAN'S Toshiba Corporation has become a substantial shareholder of Trek 2000 International, acquiring 7.6 million of the 25 million new shares placed out by the engineering solutions provider at 65.5 cents each. The move gave Toshiba a direct 2.77 per cent stake, which
        79 words
      • Article
        Lock icon UOB may complete Bank Buana purchase Iqr May
        48 4 UNITED Overseas Bank may complete its purchase of a 23 per cent stake in PT Bank Buana in May after completing an audit of the Indonesian lender, Buana treasury director Pardi Kendy was quoted by Bloomberg as saying in Jakarta.
        48 words
      • Article
        Lock icon TAC denies Telenor in talks to sell stake to Temasek
        40 4 TOTAL Access Communication PCL, Thailand's second-biggest mobile phone firm, denied yesterday that Norway's Telenor was in talks to sell its 30 per cent stake in TAC to Temasek Holdings. Reuters
        40 words
      • Article
        Lock icon Hongkong Land eyeing investments in booming China
        60 4 HONG Kong-based property company, Hongkong Land Holdings, is eyeing the booming China property market for potential investments in Beijing or Shanghai. Reuters quoted lan Hawksworth, Hongkong Land's executive director for commercial property, as saying the company was more interested in commercial rather than
        60 words
      • Article
        Lock icon Pertamina mulls crude processing deal with SPC: report
        62 4 INDONESIAN state oil company, Pertamina, is still considering a crude processing deal with Singapore refiner, Singapore Petroleum Company, while it closes its Cilicap refinery for maintenance in July, said a Pertamina official yesterday. Reuters said the processing unit to be shut down
        62 words
      • Article
        Lock icon Swing Media's unit in |-¥ to sell computer-related products
        79 4 Swing Media's unit in to sell computer-related products HONG Kong-based data storage maker Swing Media Technology Group Limited has entered into a joint venture through its wholly owned subsidiary, Swing Media Industrial Limited, with TH-UNIS Communication Co, a subsidiary of Tsinghua Unisplendour Corporation, to sell and market CD-Rs and DVD-Rs
        79 words
      • Article
        Lock icon SPH helps shareholders calculate Impact off capital reduction
        53 4 IN relation to its capital-reduction and share-subdivision exercises, Singapore Press Holdings has provided on its website an application to assist shareholders in calculating the impact of the exercises. Shareholders may access the application on (http://www.sph.com.sg/shareholders/ index.html) or by following the link on
        53 words
      • Article
        Lock icon Hotel operations help UOL report 28% rise in Q1 profit
        69 4 UNITED Overseas Land has posted a firstquarter net profit of $14.8 million, up 28 per cent from the previous Ql's $11.6 million. Revenue for the period ended March 31 fell 12 per cent to $102.4 million. The fall, said UOL,
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      • Article
        Lock icon Hotel Plaza's Q1 net profit jumps 161% to nearly $6m
        59 4 HOTEL Plaza Ltd chalked up a net profit of $5.96 million for the first quarter ended March 31,161 per cent higher that the previous corresponding period's $2.28 million. This was due largely to higher operating profits and lower tax charge.
        59 words
    • Article, Illustration
      Lock icon It's getting harder to make money
      728 4  -  market review r sivanithy TRADING in the local stock market provided several important lessons this week. The first: Strong economic numbers led to weak stock prices a paradox that isn't supposed to happen but did nonetheless. The second: The US Federal Reserve may be
      728 words
    • Article
      Lock icon MARKETS
      78 4 ST! 1,867.64 (+3.93) ST INDEX FUTURES 1,865.00 (unch) SIMSCI 226.81 (+0.55) SIMSCI FUTURES 226.60 (+0.40) FYidav Change KLSE COMP .***** +3.87 NIKKEI 225 12.120.«6 *****6 HANG SENG 12.383.94 +216.24 SET INDEX .681.88 -9.08 JAKARTA COMP _815.44 +11.02 MANILA COMP 1.589.40 +41.12 TAIPEI WPI 6,748.10 +16.01 SEOl LCOMP .936.06 +12.05
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    • Article
      Lock icon FINANCE
      73 4 FOREX RATES us$ s$ l S$(S$pertSS) 1.696 £(1SS/SS per t)._ 1.772 3.005 ElRO(lSS/S$/E). 1.190 2.018 YEN 109.:) 64.40 RM 3.800 2.240 HKS 7.799 4.598 BAHT 39.59 23.34 Kl'PIAH 8.623 5,08:! RENMINBI 8.299 4.892 INDIAN RIPEE 44.14 26.02 AS 1.366 0.805 NZS 1.592 0.939 PRIME RATES SINGAPORE 525 MALAYSIA 6.00
      73 words
    • Article, Illustration
      Lock icon Bharti Tele-Ventures on the prowl for mergers, acquisitions
      559 5  -  The major Indian mobile-phone operator sees the consolidation of the Indian telecoms market continuing for another 1-2 years By Angela Tan BHARTI Tele-Ventures, India's second largest mobile-phone operator and an associate of Singapore Telecommunications, is on the lookout for viable mergers and
      559 words
    • Article
      Lock icon Bharti's Q4 profit more than quadruples
      388 5 Cellular subscribers more than doubled at end March as it added networks, slashed rates Bloomberg [NEW DELHI] Bharti Tele-Ven-tures Ltd said that its fourth-quar-ter profit more than quadrupled, beating analysts' estimates, after lower rates helped to double subscribers. The shares surged to a record.
      Bloomberg  -  388 words
    • Article
      Lock icon Japan Asia's reverse takeover bid may fail again
      389 5  -  SIC says new shareholders acting in concert, must make general offer By Kenneth Lim JAPAN Asia Ltd's (JAL) second attempt at a reverse takeover of regional investment banking outfit Japan Asia Securities Group (JASG) could be scuttled again after JASG's shareholders were
      389 words
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      224 5 ■f JR *t> J&& o' I -T\ '^i^^'Simply connect to your TV. > v f'oV'- A-'v +>. \t •£^?^y^y£. IfHfA i&w*,-, >'■ r F //•>/ >11/ WjsS> OSIM Fair, 8 1 AJumm«/Me AV ;->£3fr. 0 00 1 £sf'f' Takashimaya Square, 82. J| Synchronised This weekend only! Audio. Visual. Massage. Rest
      224 words
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  • money personal finance
    • Article, Illustration
      Lock icon brokers' take
      645 6  -  Compiled by KENNETH LIM KEPPEL Corp is expected to report an estimated $102 million in net profits for QIFYO4, excluding exceptional items. This compares with the $94 million reported in QIFYO3. Last year, the group had the benefit of a full 77 per cent stake in Singapore Petroleum
      Source: Bloomberg  -  645 words
    • tradestowatch
      • Article
        Lock icon GP Industries becomes CIH majority shareholder
        82 6 ELECTRONICS group GP Industries became the majority shareholder of CIH yesterday with the purchase of 5.58 million shares in a series of transactions which included a married deal of 5.5 million shares at $2.48 apiece. GP Industries, which has bought 5.8 million shares of
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      • Article
        Lock icon Former Startech chief exec sells 950,000 shares
        61 6 FORMER chief executive of Startech Electronics, Ng Chee Fatt, ceased to be a substantial shareholder of the electronics manufacturer on Thursday after he sold 950,000 shares on the open market at an undisclosed price. He now owns 4.29 per cent of Startech, down
        61 words
      • Article
        Lock icon Haw Par chief exec exercises 90,000 share options
        61 6 HAW Par Corp chief executive Wee Ee Lim exercised 90,000 share options, paying $361,000 or $4.01 apiece, on Thursday, the day the counter closed at $4.78. He now has direct and deemed stakes totalling 21.57 per cent, up from 21.53 per cent.
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      • Article
        Lock icon Surface Mount director exercises 1.5 m options
        70 6 SURFACE Mount Technology executive director Man Kit Hoo exercised about 1.5 million share options yesterday at 31.5 cents apiece, or a 66 per cent discount to yesterday's closing price of 92.5 cents. The shares, bought for about $461,000, are now worth about $1.35
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      • Article
        Lock icon Schroders becomes substantial shareholder of CHT
        86 6  -  Compiled by KENNETH LIM SCHRODER Investment Management, on behalf of its clients, bought three million shares this week to become a substantial shareholder of recently listed plastic adhesive maker CHT Holdings. Of the three million shares, 1.9 million were bought at 86.7 cents apiece,
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    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      1038 6 for week beginning Apr 19 SutaaatM Say Hoof Price SHAMHOUMHG Tram Shareholder Sell Sham Mr Nfm AfMr Stod Data Director Con* '000 Sly S COOP) COOP) Hua Kok Irttl 21-Apr-04 John Lim Hui Min Buy 100 0.05 0 0.00 100 0.03 XpressHkigs 21-Apr-04 Sam Chong Keen
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    • Article, Illustration
      Lock icon Right way to pick right home loan
      1145 6 Homebuyers should get expert's advice and compare packages before deciding WITH the relatively high housing prices in Singapore, it is common for a big chunk of a homebuyer's income to go towards igtylng off a mortgage. And as banns starTrevising rates upwards even
      FILE PHOTO  -  1,145 words
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      29 6 Insiders' trades. Brokers' recommendations. Dividend table. The pages also cover transactions by directors and v/1 substantial h mmm shareholders. In other words, JRF news you can use. Mm C-J
      29 words
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  • money personal investment
    • Article, Illustration
      Lock icon Mind cash flow sleight-of-hand
      1104 7  -  show me the money Useful as cash flow statements are in describing a company's health, they can give a distorted view. So don't take the figures at face value teh hooi ling THE aggregate cash flows from operations of the Straits Times Index (STI) component stocks
      Compiled by BT  -  1,104 words
    • Article, Illustration
      Lock icon Japan out of its post-bubble pain
      1164 7  -  But it's too early to talk about a bull market because of structural problems By Tony Dolphin THE Japanese equity market has risen by 15 per cent since the beginning of the year well ahead of the gains recorded by other major equity markets.
      REUTERS  -  1,164 words
    • Article
      Lock icon Give feedback on SFA and FAA by May 24
      264 7  -  By Genevieve Cua THE MONETARY Authority of Singapore is seeking feedback to proposed changes to the Securities and Futures Act (SFA) and the Financial Advisers Act (FAA). The more significant changes to the SFA include the abolishing of the concept of
      264 words
  • Article, Illustration
    Lock icon FINANCE
    627 7 Transaction date: Apr 23 INTERBANK CURRENCY RATES Against S$ Against US$ Against S$ Against US$ Currencies Bid Offer Bid Offer Currencies Bid Offer Bid Offer ast'ss to too SS I 'SS to tune unit of foreign currency: units of foreign Australian dollar ***** 1.2429 0.7320 0.7325 JSS'iwiar 21.74 21.76
    627 words
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  • news at home
    • Article, Illustration
      Lock icon Shanghai project generates spinoffs for S'pore firms
      438 8  -  Port and industrial estate developer is hiring local professionals, roping in local investors By Loh Hui Yin A PORT and industrial estate being developed near Shanghai is generating spin-offs for Singapore companies. The developer of the 10year $4-billion Dafeng project, Hai Hua Singapore
      CHRIS LOH  -  438 words
    • Article
      Lock icon Woha biggest winner in architecture awards
      661 8  -  It bags 5 prizes in this year's SIA-ICI Colour Awards By Uma Shankari LOCAL firm Woha Architects swept five awards yesterday at the SIA-ICI Colour Awards 2004. Awards were given out in the architecture, interior and conservation categories by the Singapore Institute of Architects
      661 words
    • Article
      Lock icon DPM Lee: one-off incident will not impact economy
      502 8  -  NICOLL HIGHWAY COLLAPSE Search for last victim halted due to difficult conditions By Chen Huifen THE Nicoll Highway collapse was a one-off incident that won't have much of an effect on the economy, Deputy Prime Minister Lee Hsien Loong said yesterday. "I
      502 words
    • Article
      Lock icon Paper products to cost more soon
      272 8 THE price of paper products here will go up by about 15-20 per cent in the coming months following the hikes in prices of imported paper, according to the Singapore Paper Merchants Association (SPMA). Already, the prices of different grades of paper have risen
      272 words
    • Article
      Lock icon Deposit insurance premiums pegged to risk
      278 8 PREMIUMS to be paid by institutions participating in the proposed deposit insurance (DI) scheme will be linked to the risk they pose to the DI fund. The Monetary Authority of Singapore said the aim is to build a fund of about $120 million over
      278 words
    • Article
      Lock icon CPI rise in March slows to 1.3%
      296 8  -  eye on the economy By Teh Shi Ning THE Consumer Price Index (CPI) rose 1.3 per cent in March from a year back, according to data released by the Department of Statistics yesterday. The year-on-year advance was slower than February's 33-month high of
      296 words
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      412 8 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF MARUBENI AEROSPACE (SINGAPORE) PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308(1) of the Companies Act, Cap. 50 that the Final Meeting of Members of the Company
      412 words
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      295 8 THE COMPANIES ACT (CAP.SO) DK AUDIO SYSTEM PTE LTD (MEMBERS' VOLUNTARY WINDING UP) At an Extraordinary General Meeting of the Member, of OK AUDIO SYSTEM PTE LTD duly convened and held at 701 Geylang Road #04-04 Singapore *****7 on Mondav 19 April 2004 at 11.00 a.m. the following special resolution
      295 words
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      154 8 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SILVER BOWL PTE LTD (IN CREDITORS' VOLUNTARY LIQUIDATION) NOTICE OF RESOLUTIONS PURSUANT TO SECTION 290<2)(b) OF THE COMPANIES ACT, CAP. 50 NOTICE IS HEREBY GIVEN thot pursuant to the above section of the Companies Act, the
      154 words
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      Lock icon Page 8 Advertisements Column 4
      20 8 I t$L I Li an he Zaobao p I Old Tiger I I Balm Oil I I story j I
      20 words
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      2822 9 HONG LEONG FINANCE LIMITED and its subsidiaries (incorporated in the Republic of Singapore) BALANCE SHEETS AS AT 31 DECEMBER 2003 REPORT OF THE AUDITORS TO THE MEMBERS OF HONG LEONG FINANCE LIMITED Company We have audited the accompanying financial statements of Hong leong Finance Limited for the year ended 31
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      2665 10 LEONG FINANCE LIMITED W and its subsidiaries (incorporated in the Republic of Singapore) 3. Share Capital 10. Property, Plant and Equipment (continued) 16. Investments 20Q3 Company The carrying amount of material properties held are as follows:- Company """'tooS $000 """"roool SDOO Cr»p sSSrttleach 600,000 600,000 600,000 600,000 31 """ESS 31
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  • news region
    • Article
      Lock icon Proton jacks up profile in English Premier League
      268 11 [PETALING JAYA] Proton will enjoy a higher profile in English football next season following the promotion of Norwich City Football Club which the Malaysian carmaker sponsors to the top flight English Premier League, the Star reported yesterday. Proton chief executive officer Mahaleel
      268 words
    • Article
      Lock icon YTL seeks acquisitions overseas to boost profit
      156 11 Bloomberg [KUALA LUMPUR] YTL Corp, Malaysia's biggest construction company, may buy utilities in Europe, Asia and Australia to ensure profit growth of 20 per cent a year until 2020, managing director Francis Yeoh said. YTL, with a RM6.2 billion (552.76 billion) war chest,
      Bloomberg  -  156 words
    • Article
      Lock icon Way clear for Temasek to take MPlant stake
      405 11  -  Another director opposed to Temasek's entry throws in the towel, ending boardroom tussle From Eddie Toh in Kuala Lumpur THE path is clear for Singapore investment company Temasek Holdings to acquire an interest in Malaysian Plantations (MPlant), the parent of Alliance Bank,
      405 words
    • Article
      Lock icon Bank Negara frees up rate movements
      451 11  -  Move seen as paving way for lifting of currency peg Prom Eddie Toh in Kuala Lumpur THE Malaysian central bank has freed up the movement of interest rates in what is seen as a move to pave the way for the eventual lifting of
      451 words
    • inbrief
      • Article
        Lock icon Jakarta's UK embassy shifts premises
        94 11 AP [JAKARTA] The British embassy in Indonesia will move from its historic premises in central Jakarta because the roadside location makes it difficult to secure against terror attacks, media reports said yesterday. The mission, which featured in the 1983 Os-car-winning film The Year of Living
        AP  -  94 words
      • Article
        Lock icon Bob Hasan settles 5.3t rupiah debt to lbra
        64 11 AFP [JAKARTA] Businessman Mohamad Bob Hasan, a close associate of former president Suharto, has settled his 5.34 trillion rupiah (Ssl billion) debt to the Indonesian Bank Restructuring Agency, an Ibra official said. Mr Hasan was released in February from an island prison
        AFP  -  64 words
      • Article
        Lock icon M'sia sets up agency to cut corruption
        75 11 Bloomberg [KUALA LUMPUR] Malaysian Prime Minister Abdullah Ahmad Badawi announced a new agency to reduce corruption among civil servants and the public. The Malaysian Institute of Integrity will advise the government, provide education and training to increase the integrity and ethical conduct of
        Bloomberg  -  75 words
      • Article
        Lock icon China to lift ceiling on lending rates
        99 11 Reuters [BEIJING] China plans to remove ceilings on bank lending rates to help curb investment and make interest rates more market-driven, the China Securities Journal quoted Yi Gang, head of the central bank's monetary policy department, as saying. Speculation has mounted that China
        Reuters  -  99 words
      • Article
        Lock icon Turkmenistan seeks Petronas help
        65 11 Reuters [ASHGABAT] Turkmenistan's President Saparmurat Niyazov's has asked Malaysian state oil company Petronas to help build a gas pipeline along the Caspian Sea coast to Russia, state television reported yesterday. Petronas chief executive Hassan Marican declined to comment on the request. His firm is one of
        Reuters  -  65 words
    • Article, Illustration
      Lock icon Sars fears push China shares to 12-week low
      410 12 Reuters, AP, AFP [SHANGHAI] China shares fell to near three-month lows yesterday after reports of suspected cases of the deadly Sars virus in Beijing and Anhui sparked selling in tourist and airline stocks and quickened the pace of a two-week slide. After
      Reuters,; AP,; AFP; AP  -  410 words
    • Article
      Lock icon Indian outsourcing business to grow 50% this year too
      651 12 But companies must adopt policies to retain staff in the face of attrition and absenteeism, says report AFP [BOMBAY] India's booming outsourcing industry should post 50 per cent revenue growth for a second straight year but rapid steps to retain employees
      AFP  -  651 words
    • Article
      Lock icon Trade fair giant moves to Bangkok from S'pore
      378 12 German company says Bangkok is a better fit for its ops [BANGKOK] Messe Frankfurt GmbH, one of the world's largest trade fair organisers, has shut down its branch office in Singapore and appointed a local representative in Thailand, The Nation newspaper reported
      378 words
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      1393 11 LEONG FINANCE LIMITED anc ts subsidiaries (incorporated in the Republic of Singapore) 24. Commitments (continued) 26. Financial Instruments (continued) 26. Financial Instruments (continued) (b) Operating lease commitments In full compliance with regulatory requirements, the Group maintains a portfolio of liquid assets as part of its liquidity Effective Nonrisk management strategy.
      1,393 words
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  • Article
    Lock icon KLSE
    2508 12 Transaction date: Apr 23 KUALA LUMPUR GeneralSo.1 1.26 unch 0 Vo l Genting 17.50 0.10 538 RM W- COOO) George Kent 0.82 unch 51 Globetronics Tech 0.66 unch 0 ASM Realty 1.60 unch 2 GtomacBhd 2.94 -0 04 483 Abrk .0.71 unch 262 Gold Bridge Engrg 0.53 -0.01 243
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      114 12 :mr jg„ 1, f r*y| T' JPB MFiJ pifflWl^BM 1 i <aHIH^vjHiKN^^I EX niyj 11 JB w'jPS rjH IJ|r v .JhTij ;^lnfl^^^^^Hk:> '^Si 1 I Y illF'iflH^li f* V m'mi M W jj 4Mfea% I jLj' -■< V§ JKM F If m gH /if jf |H f a|V IflK Nominations
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  • news world
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      Lock icon Daimler undecided on selling stake in Mitsubishi
      574 13 Its decision to stop funding for troubled Japanese carmaker seen as a big blow to its Asian plans; Hyundai tie-up also shaky AFP, Bloomberg, Reuters [FRANKFURT] DaimlerChrysler yesterday said it has not yet decided whether to sell its 37 per cent stake in
      AFP,; Bloomberg,; Reuters  -  574 words
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      Lock icon US Budget deficit poses no threat, says Snow
      546 13 In fact US is leading the global economic recovery, he says Reuters, AP [PARIS] The US economy is leading the global recovery and it would be a mistake to think America's Budget deficit was a threat to international prosperity, Treasury Secretary John
      Reuters,; AP; AFP  -  546 words
    • Article, Illustration
      Lock icon Spain's Rato receives American support to head IMF
      368 13 Bloomberg [WASHINGTON] Rodrigo Rato, the former economy minister of Spain, received the endorsement of the United States to become head of the International Monetary Fund, virtually assuring he will win the post. Mr Rato, 55, was also formally nominated by an IMF
      Bloomberg; AFP FILE PHOTO  -  368 words
    • Article
      Lock icon Deutsche Bank buys 8.27% of KorAm Bank
      324 13 Purchase may thwart its takeover by Citigroup Reuters, Bloomberg [SEOUL] Deutsche Bank AG said yesterday that it had purchased an 8.27 per cent stake in South Korea's KorAm Bank, putting a possible brake on a U552.74 billion takeover by its bigger rival, Citigroup
      Reuters,; Bloomberg  -  324 words
    • Article
      Lock icon Househunt Property transactions lodged for districts between AprH 74 and April 21,2004.
      813 13 District 1 NON-LANDED Riverwaik Galleria Apt 19/03/04 99 1259 580 461 District 2 NON-LANDED Dragon Mans Apt 19/03/04 FH 1324 375 283 Icon Apt 12/03/04 99 560 380 679 District 3 NON-LANDED Landmark Twr Apt 14/03/04 99 1399
      813 words
    • Article, Illustration
      Lock icon Microsoft posts solid Q1 profit
      771 14 US$1.3b earnings could be higher if not for extraordinary charges Reuters, Bloomberg, AP, NYT [NEW YORK] Microsoft reported solid quarterly gains in revenue and operating income on Thursday, providing further evidence of increased demand for personal computers in both the consumer and corporate markets. The
      Reuters,; Bloomberg,; AP,; NYT; AP  -  771 words
    • Article
      Lock icon Creditors press Adelphia to explore possible sale
      276 14 They're unhappy with its proposed reorganisation plan NYT [NEW YORK] Adelphia Communications Corp, the United States' fifth-largest cable operator with 5.4 million subscribers, said on Thursday that it would explore a possible sale of the company because of pressure from its creditors. Adelphia,
      NYT  -  276 words
    • Article
      Lock icon US March durables orders rise 3.4%
      508 14 LATEST US INDICATORS Bookings for autos, metals and business equipment lead increase Bloomberg [WASHINGTON] US orders for durable goods rose 3.4 per cent in March, almost five times economists' forecast, led by bookings for autos, metals and business equipment, a government report showed. Orders
      Bloomberg  -  508 words
    • inbrief
      • Article
        Lock icon Time Warner may renew bid for MGM
        99 14 Reuters [NEW YORK] Time Warner may make a bid for Metro-Goldwyn-Mayer, the Wall Street Journal reported yesterday, citing people familiar with the situation. Time Warner may renew merger discussions with the film and television studio and are looking at a possible offer to
        Reuters  -  99 words
      • Article
        Lock icon Google may announce IPO next week
        102 14 Reuters [NEW YORK] Within days, Internet search firm Google Inc is expected to announce it will carry out an initial public share offering, the Wall Street Journal reported yesterday. The announcement is related to a US Securities and Exchange Commission rule that says a
        Reuters  -  102 words
      • Article
        Lock icon Chip sales seen falling 6% next year
        97 14 Bloomberg [SEOUL] Semiconductor sales will fall by 6 per cent in 2005 because of spending by Samsung Electronics, Intel Corp and other chipmakers this year, researcher IC Insights said. The chip market next year will shrink to U*****.9 billion from U*****.1 billion this
        Bloomberg  -  97 words
      • Article
        Lock icon Outsourcing good for US economy
        120 14 Reuters [WASHINGTON] Outsourcing US jobs abroad has been good for the US economy and it would be very surprising if this practice changed, World Bank president James Wolfensohn said on Thursday. "I think that outsourcing is something that happens in free markets and I think
        Reuters  -  120 words
      • Article
        Lock icon British Parliament faces threat
        64 14 AFP [LONDON] Intelligence services have warned that the British Parliament faces a "specific threat" of a chemical or biological attack by the Al-Qaeda network, newspapers reported yesterday. Members were alerted over a possible strike using anthrax or the deadly chemical ricin on the House of Commons,
        AFP  -  64 words
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  • Article
    Lock icon UNIT TRUSTS & FUNDS
    4585 14 UNIT TRUSTS FUNDS om S'pore Bond Fund/ A t .098/ Credit Agrkole Asset Mgt S pore Ltd ABN Ajivo Asset Mgt (S pore) Mdocam Asia Vision!" 117*1238 Star Europe Eqty! 0.737/ oi$ Asset Mgt Star Ei*ope Bond 1.20V Shenton Twin Citt 1.32/138 Star Europe Bal 1.033/ japan Growth'''.. 0 945/0
    4,585 words
  • Page 14 Advertisements
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  • style motoring
    • Article, Illustration
      Lock icon Two ends of the rubber band
      375 15  -  By Michael Lim MICHELIN this week introduced two new tyres to the regional market that are about as diametrically opposed as can be imagined. At the "normal" end of the spectrum sits the Energy XMI, an entry-level economy tyre that caters to small sedans
      375 words
    • Article, Illustration
      Lock icon Fierce wheels
      939 15  -  MICHAEL LIM goes for a spin and sizes up three high-performance tyres on the market MICHAEL LIM Michelin Pilot Sport PS2 REGULAR track-day warriors and high-performance Euro-mobile owners have waited a long time for this successor to the original Pilot Sport. The PS2 is a technological tour de
      939 words
  • Article
    Lock icon STOCKS ASIA
    5087 15 Transaction date: Apr 23 HONG KONG Vol HK Exchanges ft Clearing. .15.70 0.50 5832 HK$ "000 HKRIntl .2 75 0.15 2647 Hong Kong Electric 34.50 0.60 2381 Aeon Credit 5.85 unch 30 Hongkong Chinese 1.05 0.02 1204 Aeon Stores 5.75 -0.15 58 Hongkong Chinese Ltd 1.05 0.02 1204
    5,087 words
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  • style sports
    • Article, Illustration
      Lock icon Heavyweight boxing badly needs a new hero
      946 16  -  frankly speaking walton morais AS Vitali Klitschko and Corrie Sanders attempt to bring some order to the heavyweight boxing division this weekend, some people are looking to Mike Tyson to rescue the sport from obscurity. Forget it. The man who can bring some
      946 words
    • Article, Illustration
      Lock icon Tyson still the only heavyweight star
      815 16 Don King's open courting of him shows the division's pathetic state AP DON King had so many heavyweight champions clustered around him on Sunday morning at Madison Square Garden that even he couldn't keep them straight. They were nameless champions with alphabet titles, unlike
      AP; REUTERS  -  815 words
  • Article
    Lock icon SGX
    779 16 Transaction date: Apr 23 TURNOVER (*000) VAiUf COOO) 5d| Ml HMm Us T«m Mufti md 12.(43 12.44) 14.171 14,371 207.735 59.675 267.410 213.828 7.997 221.814 Convmrt* HIM MM 42 7* 28,135 2.590 30 725 TpOTtari>Con> 87,2 ID 472 17.882 154.181 445 154.634 Rrunw 19.537 110 19.647 93.574 70 91.444
    779 words
  • Article
    Lock icon BONDS & WARRANTS
    622 16 BONDS WARRANTS *t*m tapir* £«»*> Tal tail Vol Cm* ba 01k Cm* MUM Trf l*n Vol Cot Ear One GMf Mdn Cod* Coayy m f«M> to— Mo *Q L*tl CK» Cl«;m W» fM) to«Q Wct N VW RlxweyUdWOBUI? E me* 1882 1 8 8 2.17 55 Jin IS OS 2
    622 words
  • Article
    Lock icon SGX SESDAQ
    2296 16 52-Wk Tel Last Vol Day Lut Quote GrOtv Div GrYld Net MCap High Low Code Company Sale ('000) High Low tuyer SeMer Cw Ptl Snwl 26 8 5000 ABRHIdgsSt 16 +0.5 65 16 16 15 16 30.9 42 15 2101 31cd unch 20 31.5 31 31 32 5
    2,296 words
  • Article
    Lock icon CLOB INTERNATIONAL
    186 16 UM T«l taH Ml D«f LaaOueu OrOfc Dtv GrtM MX Ka W» Urn Cod» Cowqit CMB Urn *jm S«tef CVt S W !■> JIB 111 6000 AV*«wwng»A25c A212 1 42 213 212 212 213 <0 8* 4.7 8 flfcJ M9I MIC720 2tt 2] I 7.4 t 2Qt*2 MB
    186 words
  • Article
    Lock icon SGX XTRANET
    209 16 «M Tt» l« Vol 0«y Lot (jwft GrtM* ON GrVM MM MCap Cnpmt rw w» t— T- C S *t %mi X» MCO Diamond! —UV20W WW «*> fiOJUST««'i UU740 SM7 RMSOipore US555 tioi issftfsoo usazrc 1JW *40 HJO VOHi us(1200 «»1«0 19M U« e» JTlfTMOO <8» 9 2
    209 words
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  • health
    • Article, Illustration
      Lock icon Weight gains
      448 17 US and Canadian researchers have found weight training to be helpful to women in losing weight and the elderly for boosting their immune system Reuters WEIGHT training can help women lose weight and keep it off, and can also help older men and women strengthen their immune systems,
      Reuters; FILE PHOTO  -  448 words
    • Article
      Lock icon Cutting fizz to combat obesity
      424 17 Reuters [LONDON] Ditching fizzy drinks could help to prevent childhood obesity, scientists said yesterday. Obesity is a growing problem in children. Researchers at the Bournemouth Diabetes and Endocrine Centre in southern England found that just cutting down on carbonated drinks limited their obesity rates. "The
      Reuters  -  424 words
  • Article
    Lock icon SGX MAINBOARD
    7072 17 Transaction date: Apr 23 52-Wk Tal Last Vol Day Last Quote GrOiv On GrYM Nat MCap High Low Coda Company Sale W- fOOO) High Low Buyer Sa8«r Cut PTE Sffli 57.9 32 9 5834 A-Sontc 41 5cd unch 25 42 41 5 41.5 42 5 5 N9.7 0.6
    7,072 words
  • Page 17 Miscellaneous
    • Miscellaneous
      Lock icon Page 17 Miscellaneous Column 1
      202 17 CRYPTIC CROSSWORD thickhead 26 Choirboy about to open 4 /C v Mass appears to shake (7) 6 and revene for the 23 Pull in to get a jacket (5) 27 Oh dearlThe devil upset her .***£?> fc m 24 Conservatwe-Labour spirt (5) (7) 7 Know how to cash in (7)
      202 words
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  • style shopping
    • Article, Illustration
      Lock icon She's no dummy
      1048 18  -  Former model Mimi Tan found her calling in selling mannequins. She tells CORINNE KERK why they're the best salesgirls CORINNE KERK SHE'S close to being the perfect model and salesgirl. She's well-be-haved, doesn't complain, draws shoppers' attention and won't scoot off for breaks. Not only that, she
      1,048 words
    • Article, Illustration
      Lock icon Mauboussin updated with fresh, modern look
      468 18  -  By Corinne Kerk MAUBOUSSIN, one of Europe's oldest jewellery houses, has officially ditched its penchant for designing tai tai baubles in favour of contemporary jewels with a wider appeal. Established in 1827 with its headquarters at Place Vendome Paris' home to great jewellers it
      468 words
    • Article, Illustration
      Lock icon cultappeal
      144 18  -  By CORINNE KERK Salvation from the sea THERE are women who swear by Creme de la Mer, the cult cream created by Nasa scientist Max Huber and now owned by the Estee Lauder Group. But those who are willing to part with even more serious money for what's essentially
      144 words
    • instore
      • Article, Illustration
        Lock icon Float like a butterfly
        43 18 Step out in style with this suede ballerina pump with painted motif and diamante studs adding a bit of vamp to its ankle straps. Available in pink and blue at $49.90 at all pretty Fit outlets including Plaza Singapura.
        43 words
      • Article, Illustration
        Lock icon Look ma, no wires
        130 18 IF you're looking for a high-tech solution for your communication needs, the Mo torola V600 is worth checking out. Some of its features include quad-band, Bluetooth connectivity, integrated camera, video playback, large colour screen, friendly user interface and long battery life housed in an ultracompact form
        130 words
      • Article, Illustration
        Lock icon All in the bag
        65 18  -  Compiled by MIKE CHUA GYM bags do not necessarily mean grotty hold-alls. This bag from Nike, has breathable side mesh panels, inner pockets, a wa-ter-bottle sleeve and a wide opening for your convenience. Priced at $69, it is part of the Nike Women "after" series, an
        65 words
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  • style pursuits/wine&dine
    • Article, Illustration
      Lock icon Punk pianist
      585 19  -  CHEAH UI-HOON talks to classical crossover musician Maksim about his style and his music CHEAH UI-HOON HE'S already crossed a few lines where classical piano playing is concerned, but Croatian artiste Maksim Mrvica, 28, is ever keen to continue experimenting. "I'd like to do something with electronica. I
      FILE PHOTO  -  585 words
    • Article, Illustration
      Lock icon entertainmentguide
      963 19 Going out or staying in this weekend? We round up reviews and recommendations art Mere cutlery won't cut it KITCHENWARE gets an über-cool makeover this month when Esplanade and the British Council Singapore copresent the natty exhibition, Everything but (April 16 to May 30 at Jendela visual arts space,
      963 words
  • Page 19 Advertisements
    • Advertisement
      Lock icon Page 19 Advertisements Column 1
      666 19 wine&dine with weekendßT The Blue Elephant Restaurant Hotel Phoenix are on promotion at the Orchard Cafe buffet. Along Raffles Marina UOl-06 Millenia Walk, 9Raffles Boulevard 277 Orchard Road. Tel: 6233 6129 with its famous Taiwanese Porridge spread, Asian 10 Tuas West Drive. Tel: *****288 Tel: 6438 4888 Pamper your mom
      666 words
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  • food/travel
    • Risotto revisited
      • Article, Illustration
        Lock icon Only the best will do
        784 20  -  By Cheah Ui-Hoon ITALIAN cuisine is known to be fussfree. Except maybe for the risotto. Standing there and stirring the pot is what puts most people off from making the well-known Italian starchy staple. So here's the tip of the week from the Risotto King
        784 words
      • Article, Illustration
        Lock icon Something old, something new
        779 20  -  By Geoffrey Eu OVER the course of an impressive 50year career, the award-winning Italian chef Gualtiero Marchesi has earned a reputation as culinary artist beyond compare, but his interests extend far beyond a well-stocked refrigerator and keeping up with the latest trends in avant-garde cuisine. As
        779 words
    • Article
      Lock icon Chef Simon Humble's Risotto Vino Rosso e Radicchio
      355 20 Serves four Ingredients: Four shallots, finely diced Two garlic cloves, peeled, crushed, diced 20ml extra virgin olive oil (recommended: Dandaragan Estate Chefs Choice) 400g VialoneNano rice 325 ml Amarone-Venetian red wine 300 ml vegetable stock (Humble makes a "white" vegetable stock using
      355 words
    • Article, Illustration
      Lock icon All by ourselves
      767 20  -  Chartering a private jet for a holiday gives a whole new meaning to luxury, as CORINNE KERK finds out en route to Bali CORINNE KERK OKAY, so no-frills budget air travel is all the rage now. But what if you want the exact opposite of low price,
      767 words