The Business Times, 12 February 2005

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Total Pages: 20
1 20 The Business Times
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  • Title Section
    Lock icon Masthead
    17 1 THE BUSINESS TIMES weekend SMGAPORE 85 cents MK>(Plo23fl3/2004 February 12-13, 2005 online at http:/'business-times asial com sg
    17 words
  • Article, Illustration
    Lock icon Patti takes a bow as Carly makes her exit
    1053 1 HP's new chairman shuns the limelight as much as the outgoing CEO adored it NYT [NEW YORK] AT Hewlett-Packard (HP), another woman executive is now in the spotlight. Like Carly Fiorina, she is known as a smart strategic thinker, a brilliant
    NYT; PHOTOS: BLOOMBERG, AFP  -  1,053 words
  • Article
    Lock icon New CEO's job at HP: find businesses with fat profits
    362 1 Buying Eastman Kodak or Xerox is a possibility NYT [NEW YORK] No matter who succeeds Carly Fiorina as chief executive at Hewlett-Packard, the challenge will be the same: to shift the company's centre of gravity to businesses with more ample
    NYT  -  362 words
  • Article, Illustration
    Lock icon S'pore business confidence takes a knock
    818 1  -  Survey finds signs of an economic slowdown coming as early as the third quarter By DANIEL BUENAS [SINGAPORE] Confidence has taken a dive, according to the latest BT-NUS survey of business activity. Companies are much less optimistic about the next six months and there
    Source: NUS Co  -  818 words
  • Article
    Lock icon MARKETS DIGEST
    131 1 sn 2,149.60 (+9.44) ST INDEX FUTURES 2.145.00 (+10.00) simso 256.21 (+0.94) SIMSO FUTURES 256.60 (+1.40) MARKETS Friday Chang* KLSECOMP dosed NIKKEI 225 closed HANG SENG dosed SET INDEX 72&20 -10.02 JAKARTA COMP 1.045.86 +9.26 MANILA COMP 2,061.48 +13.24 SEOUL COMP 947.23 -1.96 SHENZHEN B dosed BOMBAY IND 6,633.76,
    131 words
  • Page 1 Advertisements
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  • TOP STORIES
    • Article, Illustration
      Lock icon Scam artists take on Hollywood
      807 2  -  SATURDAY SOAPBOX It's a heady brew when conmen mix politicians with movie stars CHRISTOPHER REED IN a continuing saga of political corruption, shady dealings on Wall Street and in Hollywood, lavish free gifts and parties for the stars, people going to jail and others facing
      807 words
    • Article
      Lock icon Beware of kidnapping, China warns its newly rich
      232 2 Victims often end up dead even when ransom is paid AP [BEIJING] Nearly 4,000 people were kidnapped in China last year, the government said yesterday, as it issued a warning to the newly rich to beware of abductors who often kill their
      AP  -  232 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      585 2 Fraser Neave posts 11 drop in Q1 income DIVERSIFIED group Fraser Neave reported a 11.1 per cent fall in first-quarter income despite a rise in revenue, thanks largely to development property sales. It expects higher raw materials and packaging costs to pose "a challenge" in the next 12
      585 words
    • Article, Illustration
      Lock icon Bintan Resorts hopes to bring back the buzz
      674 2  -  New plans include land-use changes, marketing drive By JEAN CHUA [SINGAPORE] Bintan Resorts has plans and a new chief executive to bring back the tourists and revive development in the area, but it may take a while before the ideas materialise. Since
      ARTHUR LEE  -  674 words
    • Article
      Lock icon It's a different story in S'pore as US moves to delist tardy firms
      448 2  -  By JOYCE KOH [SINGAPORE] The mood in the US is turning against companies which are tardy in filing their annual reports, but in Singapore, there no urgency for action as it is not a serious problem to
      448 words
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  • RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Renaissance man
      1986 3  -  PARVATHI NAYAR meets Barrett Wissman: chairman of arts management company IMG Artists, philanthropist, pianist and bon vivant PARVATHI NAYAR Bjj have always been interJy ested in doing many different things at the same time." An unusual admission to make in these specialist times, when the age of the
      CHRIS LOH  -  1,986 words
    • Article
      Lock icon Everything under the Tuscan sun
      292 3 FRANCES Mayes' memoir Under the Tuscan Sun later fifacte into a film starring DT&ne Lane catapulted Tuscany to international jetsetting fame. Those who could, bought Tuscan homes, those that couldn't, visited. And as someone who wanted to do more than either, Barrett Wissman decided to
      292 words
  • Page 3 Advertisements
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      Lock icon Page 3 Advertisements Column 1
      4 3 Ilswissdtel HHotels Retorts Hvww.swissotel.com
      4 words
    • Advertisement
      Lock icon Page 3 Advertisements Column 2
      66 3 Raffles INTERNATIONAL Hottls& Remits A Member of Capita Land 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
      66 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon S'pore banks set for record '04
      657 4 CORPORATE ANALYSIS One-off gains will boost results; analysts expect smaller profit rise this year as economic growth slows down Reuters TWO of Singapore's three banks should post higher fourth-quarter profits as regional economic growth boosted lending, but the rise in profits looks set to
      Reuters; BLOOMBERG, FILE PHOTOS  -  657 words
    • Article
      Lock icon Daka unit being sued for alleged copyright violation
      194 4  -  By CAROLYN QUEK A US-BASED marine product manufacturer, Norcross Marine Products, is taking Daka Development—a subsidiary of mainboard-listed Daka Designs—to court for alleged copyright infringement. Norcross is suing Daka for the supposed copyright infringement in relation to the owner's manual of one
      194 words
    • Article
      Lock icon SGX MAINBOARD
      6891 4 Transaction date: Feb 11 M-w* T« Lift Vol My Lait Quota GrOtv Otv GrVM Not MCap Wgfc low Codo Company Silo W- (HOP) Wall Low Boyer Sa«ar Cvr HI s3j 25.5 5 5716 1st Software 5c 6 unch 314 6 6 6 6.5 345 15.5 3148 8Telecom US2c
      6,891 words
    • Article
      Lock icon F&N posts 11% drop in Q1 income
      565 5  -  It fell to $66.92m as revenue rose to $1.08b on development property sales By JEAN CHUA DIVERSIFIED group Fraser Neave (F&N) has reported an 11.1 per cent fall in first-quar-ter income despite a rise in revenue, thanks largely to development property sales, and
      565 words
    • Article, Illustration
      Lock icon Raffles to own just 25% of hotels it manages
      417 5 Bloomberg RAFFLES Holdings Ltd, which owns about 40 per cent of the hotels it manages, expects that figure to fall to as low as 25 per cent in five years as it focuses on contracts to manage properties, chief executive Jennie
      Bloomberg; FILE PHOTO  -  417 words
    • Article
      Lock icon SGX
      4369 5 Transaction Date: Feb 11 STRAITS TIMES INDEX STOCKS Stock mm Wt Oom Change Stock name Wt Oom Change Stock mum MR Oooa Chang* Allgreen 50c 0.28 1.060 -0.010 HKLandUSIOc 3.25 2.670 40.050 STEngglOc 176 2.440 *0 030 BIL Intl US20c 0.48 1.100 Haw Par Corp 0.45 5.050 -0.050 STATSChP25c
      4,369 words
    • GRAPEVINE
      • Article
        Lock icon Hot dog
        56 5 CREDIT card competition is so hot in South Korea that even one family's dog was sent a pre-ap-proved card. Rivalry has resulted in banks blindly sending out cold applications to whoever or whatever without any checks. The family has returned to Singapore from Korea and the pet dog
        56 words
      • Article
        Lock icon HP in the news
        114 5 THE ouster of high-pro-file Hewlett-Packard chief Carly Fiorina has generated some memorable lines. Canada's National Post, for instance, had this introduction to its story: "Fiorina never had a bad hair day. But she lost'her head yesterday and is no longer America's most powerful female executive." In
        114 words
    • Article
      Lock icon Digiland receives approval to convene meeting of creditors
      591 6  -  The company is continuing to reduce its expenses through restructuring and right-sizing By AMIT ROY CHOUDHURY f DIGILAND, whose accumulated losses hive wiped out its entire capital and put r the group into negative equity to the tune of f US$6.6 million,
      591 words
    • Article
      Lock icon Wearnes Q1 net profit up 48%
      329 6  -  By AMIT ROY CHOUDHURY RIDING on substantially higher sales in the automotive and equipment sector, Wearnes International reported a 48 per cent jump in net profit in the 2005 fiscal first quarter which ended on Dec 31. The group's turnover increased 34.2 per cent
      329 words
    • Article
      Lock icon Indian bank denies due diligence by DBS
      168 6 Bloomberg LAKSHMI Vilas Bank, an Indian lender, denied a report that an international bank and the investment unit of a foreign government have conducted so-called due diligence as part of a plan to buy a stake in the company. Lakshmi Vilas didn't name
      Bloomberg  -  168 words
    • Article, Illustration
      Lock icon SIA, SingTel behind STI climb
      472 6  -  STOCKS R SIVANITHY Senior Correspondent FOUR stocks dominated trading in a holiday-influenced session yesterday Singapore Telecom and Singapore Airlines, whose gains almost single-handedly drove the Straits Times Index to a new multi-year high, and latest IPO Olam International and perennial trading favourite United Fiber International.
      472 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      4009 6 UNIT TRUSTS FUNDS Shenton Dynamic BorxV* 1.40V Shenton Greater Chna 124V ABM j i r it'iiiii m) Mendaki Global/ 0.731/ ?ai sag*"*—' aa Shenton Greater Euope 1.035/ <;»AJSr,21i£; Jli™ Asia Knowledge 1.179/ Enhanced Income SGO/$ 1.*****/ n<K/ W«anced Income USD 1.0631* 7ri 'rr r r m .----;---:;r: <>•» Malaysia Eqty
      4,009 words
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  • PERSONAL INVESTMENT
    • Article, Illustration
      Lock icon BROKERS' TAKE
      636 7  -  Compiled by JOYCE KOH Full Apex (Holdings) Ltd Feb 11 dose: 43i cents UOB-KAY HIAN, Feb 8 OPERATIONS intact- Q4 operations remained intact, and we are confident that management is on track to deliver 15 per cent year-on-year increase in sales volume. Prices remained stable quarter-on-quarter. And we
      Source: Bloomberg  -  636 words
    • TRADES TO WATCH
      • Article
        Lock icon UOB becomes substantial shareholder in Ocean Int'l
        162 7 OCEAN International yesterday said that United Overseas Bank (UOB) has become a substantial shareholder through IPO shares resulting from the conversion of Changhua Redeemable Convertible Preference Shares. The transaction, which took place on Jan 28, saw UOB Capital Investments Pte Ltd convert 13.8
        162 words
      • Article
        Lock icon SIA subsidiary's director sells 2,000 shares at $11.80 each
        52 7 SINGAPORE Airlines yesterday said that Teh Ping Choon sold 2,000 SIA shares at $11.80 each on Feb 7. Mr Teh sits on the board of Singapore Airlines Cargo Pte Ltd, SlA's wholly owned subsidiary. SIA shares yesterday closed 50 cents higher
        52 words
      • Article
        Lock icon Aberdeen raises deemed interest in Venture Corp
        64 7  -  Compiled by JOYCE KOH VENTURE Corporation said its .substantial shareholder Aberdeen Asset Management Asia Ltd bought 22,000 shares on the open market in a single transaction on Tuesday. With 19.55 million shares after the transaction, this raises Aberdeen's deemed interest in Venture from
        64 words
    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      884 7 For week beginning Feb 7 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS Submittal Ivy No of Prico SHAREHOLDING Tram Sfcaraholdar Sat Slum Par Before Aftar Stock Data Director Cam 'WO ShrS (H0> POO*) Excelpcwnt 8-Feb-05 Albert Phuay Yong Hen *Buy 120 0.26 640 0.13 760 0.16 Excelpoint 7 Feb-05 Albert
      884 words
    • Article, Illustration
      Lock icon US woes threaten global economy
      1623 7  -  It must correct its economic imbalances to avoid a recession, says TONY DOLPHIN TONY DOLPHIN MOST forecasters expect global economic growth to be around its long-run average rate in 2005 and 2006. The main risk to this forecast would appear to be a serious slowdown
      AFP  -  1,623 words
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  • BT INVESTMENT ROUNDTABLE
    • Article, Illustration
      Lock icon Asia is still looking good
      2017 8 OVERVIEW ASIAN stock markets have been generally strong in the past 12 months boosted by healthy economic growth, foreign capital inflows and expectations of a soft landing for China's economy. Singapore and Hong Kong did well and the smaller Indonesian, Philippines, Pakistan and Malaysian markets
      2,017 words
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  • SINGAPORE NEWS
    • Article
      Lock icon More local firms seek credit checks: study
      678 9  -  Malaysia, China, Thailand firms most common targets of checks By DANIEL BUENAS SINGAPORE companies have grown more careful about dealing with foreign businesses, especially those from Malaysia, China and Thailand, according to a study of credit checks by business information provider Infocredit D&B
      678 words
    • Article
      Lock icon Yudhoyono to visit S'pore next week
      319 9  -  He'll also speak at an EDB investment conference By CHUANG PECK MING INDONESIAN President Susilo Bambang Yudhoyono will put on his salesman's hat when he visits Singapore next Tuesday the first state visit by an Indonesian president for more than three decades. Mr Yudhoyono
      319 words
    • Article
      Lock icon New govt faces three challenges: NUS don
      255 9  -  By NANDE KHIN ONE vital challenge for the new Prime Minister Lee Hsien Loong and his new team of leaders is to get Singaporeans to feel attached to the country and for them to have a sense of ownership, said Hussin Mutalib, associate
      255 words
    • NEWS ROUNDUP
      • Article
        Lock icon Teo AjfHean t° attencHfenference
        78 9 MINISTER for Defence Teo Chee Hean will be in Germany to attend the 41 st Munich Conference on Security Policy from Feb 11 to 13. Some 250 policy-makers, including defence and foreign ministers and military leaders from over 40 countries, will be discussing issues relating to
        78 words
      • Article
        Lock icon CPF interest rate remains at 2.5%
        114 9 THE CPF interest rate, which is reviewed quarterly, remains at 2.5 per cent a year for the Ordinary Account from 1 April to 30 June. This is the minimum interest rate provided by the CPF Act. and is higher than the 12-month fixed deposit
        114 words
      • Article
        Lock icon Disney channels more Mandarin-friendly
        51 9 WALT Disney Television International (South-east Asia/Korea) has announced that their channels. Disney Channel and Playhouse Disney Channel on Star Hub Digital Cable Channels 33 and 34 respectively, will have simplified Mandarin subtitling starting next Monday. The two channels will also have all animation programming dubbed in
        51 words
    • Article, Illustration
      Lock icon Sports pay dividends at Income
      752 9 A sporting inspirational feature brought to you by the Singapore Sports Council EVERY once a month, NTUC Income employees take a walk up the 'Staircase of Health'. Recognising the benefits of incorporating exercise into everyday activities, the insurance cooperative sets aside a day when all
      752 words
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  • NETWORK SINGAPORE
    • Article, Illustration
      Lock icon Home sweet home news
      703 10  -  LETTER FROM VIENTIANE There's no news like news from home, as LEONG PHEI PHEI discovers on her media-starved stint in Vientiane LEONG PHEI PHEI IT felt good to physically hold and to read a copy of The Straits Times on Dec 11, brought by my country
      703 words
    • Article
      Lock icon STOCKS ASIA
      2924 10 Transaction date: Feb 11 For a full listing of the dosing prices, log on to BT Online at http7/business-times.asial .com.sg after 11.30pm every trading day HONG KONG v*| EgwiaGoldpfeil 1.75 undi 2888 Fefct WC$ M- 'IM Esprit Holdings 45.50 -0.70 1755 Extrawell Pharm .0.20 unch 2530 AeonCradtt.. 5.45
      2,924 words
  • Page 10 Advertisements
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      Lock icon Page 10 Advertisements Column 1
      148 10 Leong Phei Phei was assigned as a vf sub-editor to the Lao News Agency (KPL) in Vientiane for one year as a volunteer with the Singapore Volunteers Overseas Programme of Singapore the Singapore International In nati.on a Foundation. Her responsibilities oun a ion indude the editing of English news artides,
      148 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon China goods a mixed blessing
      452 11 A boon for US consumers but a peril for American producers: author Reuters [WASHINGTON] Low-cost Chinese goods have saved US families more money than President George W Bush's tax cuts, but China's rampant counterfeiting threatens American producers, the author of a new book on US-China
      Reuters; REUTERS  -  452 words
    • Article
      Lock icon US senators oppose sale of IMF gold reserves
      557 11 Reuters [WASHINGTON] A Group of Seven (G-7) finance ministers' proposal to sell gold from the International Monetary Fund's (IMF) stockpile faces powerful opposition in the US Congress. A dozen US lawmakers have asked Treasury Secretary John Snow to oppose the proposals for
      Reuters  -  557 words
    • Article, Illustration
      Lock icon Hong Kong may enjoy first surplus in live years
      508 11 But analysts say fiscal reform still necessary Reuters [HONG KONG] Hong Kong may have its first budget surplus in five years as economic recovery boosts public revenues, but analysts say there is still a pressing need for reform of government finances.
      Reuters; AFP  -  508 words
    • Article
      Lock icon IMF cuts forecast for German growth
      200 11 AFP [FRANKFURT] The International Monetary Fund has lowered its forecast for German economic growth to somewhere between 1.0 per cent and 1.5 per cent, IMF managing director Rodrigo Rato said yesterday. Its previous forecast was 1.5 per cent. "The German economy grew by 1.7
      AFP  -  200 words
    • Article
      Lock icon N Korean nuke won't hit Seoul rating, says S&P
      406 11 Consumption has bottomed out in S Korea, it says Bloomberg Reuters [SEOUL! Ratings agency Standard Poor's (S&P) will not cut South Korea's sovereign rating because of North Korea's declaration that it possessed nuclear weapons, a senior analyst at the agency said
      Bloomberg; Reuters  -  406 words
  • Page 11 Advertisements
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      Lock icon Page 11 Advertisements Column 1
      1056 11 CHINA FLEXIBLE PACKAGING HOLDINGS LIMITED NOTICE IS HEREBY GIVEN that the Annual General Meeting of China Flexible Packaging Holdings Limited ("the Company") will be held at The Diamond Room, Level 2, The Sheraton Towers Singapore, 39 Scotts Road, Singapore *****0 on 28 February 2005 at 10.00 a.m. for the following
      1,056 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon Indonesia faces US$5b trade loss with Thailand-Japan FTA
      486 12 Its non-oil and gas exports will face stiff competition from cheaper Thai products AFP Reuters [JAKARTA] Indonesian's losing up to US$5 billion in non-oil and gas exports to Japan a year if Thailand beats Jakarta to sealing a free trade agreement (FTA)
      AFP; Reuters  -  486 words
    • Article
      Lock icon Fitch raises ratings of Mandiri, 9 other Indon banks
      199 12 Reuters Bloomberg [JAKARTA] PT Bank Mandiri, PT Bank Rakyat and eight other Indonesian lenders had their ratings upgraded by Fitch Ratings, following the company's upgrade of the country's credit rating last month. Apart from Bank Mandiri, the nation's largest lender, and
      Reuters; Bloomberg  -  199 words
    • Article, Illustration
      Lock icon Indonesian mobile users to grow by 40% in '05
      361 12 Reuters [JAKARTA] The number of Indonesians using mobile phones is expected to grow by up to 40 per cent this year, a senior industry official said yesterday. The forecast put the number of users at just over 40 million, lagging some
      Reuters; JAKARTA POST  -  361 words
    • Article
      Lock icon Restoring SBL, short-selling will aid market
      415 12 Move will boost liquidity and allow for greater hedging [KUALA LUMPUR J The reinstatement of the banned regulated short-selling and securities borrowing and lending (SBL) will be positive for the market as it will boost liquidity and drive down overpriced shares to their fair
      415 words
    • Article
      Lock icon Settle unpaid salary issue amicably, KL urges Jakarta
      214 12 AP [KUALA LUMPUR] Malaysia has urged Indonesia not to sue Malaysian employers who failed to pay illegal migrant workers, saying the issue could be resolved amicably, news reports said yesterday. Indonesia's President Susilo Bambang Yudhoyono complained this week that some Malaysian firms
      AP  -  214 words
    • Article
      Lock icon Penang's Nasi Kandar feeds the world
      881 12 From humble roots, one modern-day restaurateur from Malaysia tells PAULINE NG why the rice is right HE'S had more offers from people wanting to go into partnership with him than he cares to remember. But Buruhan Mohamed isn't interested not unless it's the right
      881 words
  • Page 12 Advertisements
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  • INDIA/GREATER CHINA
    • Article
      Lock icon Foreign banks thinking out of the box in India
      602 13 The govt only grants 12 branch licences a year to foreign lenders Reuters [MUMBAI] Stifled by India's branch restrictions and the huge brand name advantage of big local players, foreign banks such as ABN AMRO are courting customers with tennis champions
      Reuters  -  602 words
    • Article
      Lock icon More Chinese businessmen in the Party
      108 13 AFP [BEIJING] Capitalists were once vilified by China's Communist Party but now one out of every three private businessmen is a card-carrying member, state-run Xinhua news agency reported yesterday. Since China currently has nearly four million private enterprises, that would mean well over one
      AFP  -  108 words
    • Article, Illustration
      Lock icon Yugo man wants to bring China-made cars into the US
      602 13 Reuters [CHICAGO] The man who brought the low-cost Yugo car to America on Thursday laid out his vision for bringing Chinese-built cars into the United States that would outsell Hyundai, BMW and Mazda combined. Malcolm Bricklin's plan, which includes a
      Reuters; REUTERS  -  602 words
    • Article
      Lock icon IT, BPO to create most jobs for India in first quarter: survey
      480 13 MNC outsourcing fuels consumption, new employment Reuters [MUMBAI] India's information technology and business process outsourcing (BPO) industries will be the biggest creators of new jobs in the January-March quarter, the Indian unit of Dutch staffing firm Vedior said
      Reuters  -  480 words
    • Article, Illustration
      Lock icon HAIER'S SLIMMEST OFFERING
      51 13 [MUMBAIJAn Indian model displaying the world's slimmest (12mm) GSM cellular telephone with a camera at a launch by Chinese company Haier here on Thursday. Haier. the world's second largest home appliance manufacturer, has entered the Indian market by launching seven cellular telephones at various outlets across India.
      AFP  -  51 words
    • Article
      Lock icon Jet Airways' US$445m IPO stirring up excitement
      596 13 The carrier will offer 20% of its expanded equity Reuters [MUMBAI] Investors are expected to snap up shares of India's biggest domestic airline, Jet Airways, when its US$445 million initial public offer (IPO) opens on Feb 18, hoping to cash in on surging
      Reuters  -  596 words
    • Article
      Lock icon China chip supply to continue to lag demand
      217 13 Bloomberg [BEIJING] Supply of semiconductors in China will continue to lag demand in the next several years as foreign countries seek to increase purchases there through 2010, according to a report by PricewaterhouseCoopers LLP. Demand for semiconductors in China has outpaced production
      Bloomberg  -  217 words
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  • ASIA-PACIFIC/WORLD
    • Article
      Lock icon Banks losing top traders to hedge funds
      563 14 A hedge fund trader can earn up to five times the salary paid by banks Reuters [LONDON] Investment banks are battling to keep star derivatives traders as hedge funds lure high-fly-ers with promises of US$lO million salaries and better working environments, bankers and
      Reuters  -  563 words
    • Article, Illustration
      Lock icon Dell's Q1 revenue climbs 17% to US$13.4b
      516 14 ham Co. NYT. Bloomberg [SAN FRANCISCO] Though Dell Inc on Thursday reported a higher quarterly operating profit, slow holiday sales and a new growth target disappointed Wall Street. "Our US consumer business continued to be challenging," chief executive Kevin Rollins told investors during
      ham & Co. — NYT. Bloomberg; FILE PHOTO  -  516 words
    • Article
      Lock icon Citigroup revamps capital markets business
      215 14 Reuters [NEW YORK] Citigroup will consolidate its capital markets funding business into two parts, and simplify the company's legal structure. New York-based Citigroup did not immediately say why it is making the changes. In the funding consolidation, Citigroup Funding Inc, a new unit, will issue
      Reuters  -  215 words
    • Article, Illustration
      Lock icon Ex-HP stars shine at rival firms
      403 14 Reuters [NEW YORK] Under Carly Fiorina, Hewlett-Packard Co (HP) saw an unprecedented exodus of top managers, many of whom now run rival businesses that are beating the pants off the printer and computer maker in the marketplace. Former HP president Michael Capellas and former
      Reuters; BLOOMBERG  -  403 words
    • Article
      Lock icon Microsoft, Pfizer sue two online pharmacies selling Viagra
      460 14 Microsoft is also investigating an attack on its new anti-spy software NYT Reuters [NEW YORK] Microsoft and Pfizer took coordinated legal action on Thursday against two groups sending junk e-mail messages that offer illegal generic versions of Viagra, Pfizer's best-selling drug for
      NYT; Reuters  -  460 words
    • Article
      Lock icon Hundreds of US firms disclose internal control issues
      372 14 Reuters [WASHINGTON] Between 500 and 600 US companies have reported deficiencies in internal controls under a new rule clamping down on corporate bookkeeping, the top US markets regulator told Reuters on Thursday. The deficiencies which may or may not rise to thresholds
      Reuters  -  372 words
    • WORLD WATCH
      • Article
        Lock icon Blair puts economy first
        53 14 Reuters [LONDON] Prime Minister Tony Blair yesterday put economic well-being at the heart of Britain's general election campaign as he unveiled six pledges at the start of his Labour Party's last rally before an expected May vote. Hoping the economic stability and prosperity will help win
        Reuters  -  53 words
      • Article
        Lock icon Backing for Euronext's LSE bid
        95 14 Reuters [PARIS] A Paris-based investor lobby is throwing its weight behind Euronext's bid to take over the London Stock Exchange, the group's head Gerard Mestrallet told French newspaper Le Figaro yesterday. Mr Mestrallet, chief executive of French utilities Suez, did not rule companies buying Euronext
        Reuters  -  95 words
      • Article
        Lock icon Lazard under probe over gifts
        99 14 Reuters [WASHINGTON] Private investment bank Lazard said in a regulatory filing yesterday that the NASD and SEC were investigating the company over gifts and gratuities. The company said in an amended prospectus for its planned US$B5O million initial public offering that it has received a
        Reuters  -  99 words
      • Article
        Lock icon Russian curbs on foreign firms
        113 14 Reuters [MOSCOW] Russia will bar foreign-owned firms from bidding for some of its most lucrative natural resources this year, officials said on Thursday. The Natural Resources Ministry said companies will have to be at least 51 per cent Russian-owned to take part in tenders for
        Reuters  -  113 words
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  • MOTORING
    • Article, Illustration
      Lock icon Tailored for Asia
      860 15  -  Volkswagen's Phaeton is a long, smooth, stretched limousine the perfect model for the Asian businessman, reports SAMUEL EE SAMUEL EE OLAF Duebel stretches his lanky 1.9-metre frame and declares from the back seat of the Volkswagen Phaeton that the car is "impressive". As only the second luxury
      PHOTOS: ARTHUR LEE  -  860 words
    • BRAVE NEW WHIRL
      • Article
        Lock icon New Porsche museum in '07
        93 15 THE construction of a new 50 million-euro (Sslos million) Porsche Museum in Zuffenhausen, Stuttgart will begin later this year and open in 2007. The Porscheplatz is said to be one of the most spectacular projects in the company's history and will "create a space that
        93 words
      • Article
        Lock icon Audi sets sales record
        118 15 AUDI set a new sales record in 2004 with 779,441 vehicles delivered worldwide. The 1.2 per cent rise is the 11th straight year of increases and top growth regions included Eastern Europe, Africa and the Middle East. Singapore saw 465 units sold, up 15 per cent,
        118 words
      • Article
        Lock icon Rolls-Royce road trip
        99 15 YOU could call it the ultimate road trip. More than 70 Rolls-Royce and Bentley cars will be driving through East Malaysia and Brunei from Feb 25 to March 16. Organised by the Rolls-Royce Enthusiasts' Club, the Borneo Tour 2005 will start from Kuching and wind its way
        99 words
      • Article
        Lock icon Saab's approach to safety
        79 15  -  Compiled by SAMUEL EE SAAB will use its popular 9-3 Convertible to showcase the Swedish automaker's Real Life Safety approach to building cars at this year's Singapore National Road Safety Exhibition. A Saab safety performance integration engineer from Goteborg will explain how a stiffer bodyshell, Saab's
        79 words
    • Article, Illustration
      Lock icon Round, black and value for money
      593 15 SO you're looking for a good tyre that's cheap? But if "good" refers to performance the most important aspect of a tyre is there any such thing? To find out, we put a few models through their paces over the long term. Three were
      593 words
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  • GOLF
    • Article, Illustration
      Lock icon He's lovin' it
      719 16 Phil Mickelson is cleaning the floor with the competition at Pebble Beach with some of the best golf of his career and a course record LAT-WP [PEBBLE BEACH, California] PHIL'S on fire, at least in the golf sense, a Mickelsonian condition represented by symptoms of extreme low
      LAT-WP; REUTERS  -  719 words
    • Article
      Lock icon European Tour seeks greener greens in China
      559 16 Reuters [LONDON] The addition of a fifth tournament in China on the European Tour's 2005 schedule reflects the tour's enhanced business focus and the widening vision of the game. Golf is poised for a massive boom in the world's most populous nation, where
      Reuters  -  559 words
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      290 16 wine&dine with weekendBT ICtiaH The Asian Kitchen I I Tel. 65 77 35 77 Le Vigne Indulge in a delectable spread of Japanese dishes. Andre (BYO) French Restaurant mmfsmmmmm wmmi Sho PP iT Vl£mtm TgngUnRoadiM cmd Exhibition Centre. TeL 6886*075 Jf'jl 1 66 Tel: MS8345M m9875*699,9768 3170 Sm#*mk range of
      290 words
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  • WELLNESS
    • Article, Illustration
      Lock icon E-spa-cially for two
      836 17 By PEPPER LEE Rushing for deadlines and work stress can take its toll on relationships, so take time off this Valentine's Day period to pamper both your partner and yourself. Spas are offering special couple packages for this month, but be warned that reservations are filling up
      836 words
    • Article, Illustration
      Lock icon Together time
      927 17  -  Couple treatments at spas are growing in popularity, and at The Retreat in Changi, couples get the best views, as CHEAH UI-HOON finds out CHEAH UI-HOON A spa experience, for me, is a personal thing it's a time when you can power down and recharge during the time
      927 words
    • Article
      Lock icon Getting serious about sleep
      702 17  -  By PEPPER LEE MICHAEL J Fox's time-travelling feats in the Back To The Future series are hardly raising any eyebrows now that travellers cross timezones ever so often. Accompanying this increased air travel, however, are rising complaints of fatigue and insomnia symptoms of jet lag. This
      702 words
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  • SHOPPING
    • Article, Illustration
      Lock icon Love, etc
      550 18  -  CORINNE KERK drops hints for those looking to make an impression this Valentine's CORINNE KERK QUESTION: How did tJie heart shape become the of love? White we accept that the heart is considered the seat of emotions, and in particular, love, the answer is less clear as to
      550 words
    • Article, Illustration
      Lock icon Say it with flowers
      215 18  -  NO matter what some women say about flowers being too costly and unnecessary during Valentine's Day, most of them still like receiving a bunch of blooms on Feb 14. Staying on the heart-shaped theme, three florists show what can be done if you're the flower-giving kind
      FLUV PHOTO BY ARTHUR LEE  -  215 words
    • IN STORE at the malls
      • Article, Illustration
        Lock icon Pretty in porcelain
        57 18 Here's something not too presumptious if you're looking for a first-time Valentine's Day gift: a plate ($36.75) with an egg cup and pepper shaker set ($36.75). Made in Germanv under licence from Walt Disney USA, the porcelain pieces in the Snoopy series include bowls, mugs and expresso
        57 words
      • Article, Illustration
        Lock icon Heavy metal
        55 18 There's nothing more unmistakable about Louis Vuitton than its ring with the Clous theme. Part of the Emprise collection, the iconic studs (Clous) are what make this ring impressive. The famous studs made their mark in LV's leather goods and trunks and now feature here with an engraved
        55 words
      • Article, Illustration
        Lock icon Storage solution
        48 18  -  By MIKE CHUA Add some character and col- our in your storage system. 4 These arty boxes from Ikea "I can hold 25 CDs each. There's even a label holder for easy organisation. Materi- al: lacquered solid card- board/nickel plated steel. Price $8.90 for two boxes.
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  • TRAVEL
    • Article, Illustration
      Lock icon An inn to remember
      1303 19  -  GEOFFREY EU enjoys the simple life at Miyama-sou, a mountain ryokan offering quintessential Japanese hospitality and refined cuisine GEOFFREY EU THE mercury level hovers around zero on a cloudy February evening in the snow-covered hills north of Kyoto, but even though the surrounding countryside has been
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  • Page 19 Miscellaneous
    • Miscellaneous
      Lock icon Page 19 Miscellaneous Column 1
      157 19 CRYPTIC CROSSWORD /ilv was made of? (4,4) YESTERDAY'S SOLUTION 1 New Jersey? (4) 14 Grows in waves (10) Arrow 1 fiH-hnmh q 2 Hamjony restored a mu»- 16 Fon*ard file in operation V wie 3 West Indian going round 18 Bill without a single wrong Cheshire town (5) number (9)
      157 words
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  • FOOD
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      Lock icon Gourmet Bangkok
      1390 20  -  When in Bangkok, JAIME EE does as the local urbanites do eat at the city's latest hotspots JAIME EE BANGKOK isn't always about Thai food even though that's about the only thing Singaporean visttpp think about the moment they touch dovtoin sawasdee land. Lodwrbanites don't live on their
      1,390 words
    • Article, Illustration
      Lock icon Culinary smorgasboard
      788 20  -  GEOFFREY EU sniffs out highlights of the Raffles Hotel's 10th Annual Wine, Food and Arts Experience GEOFFREY EU HIGH-END food and wine festivals have become so popular that they are now more likely to be a rul* than an exception in culinary calendar. We're truly spoiled for choice
      788 words