The Business Times, 16 July 2005

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Total Pages: 20
1 20 The Business Times
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  • Title Section
    Lock icon Masthead
    20 1 THE BUSINESS TIMES SINGAPORE 85 cents MICA (P) 069/03/200S July 16-17, 2005 online ;it http business-times asi.il com sg j
    20 words
  • Article, Illustration
    Lock icon Gerard Ee is NKF's interim chief
    526 1  -  Interim board to have about 7 members, including corporative leaders By WEE LI-EN [SINGAPORE] Gerard Ee, president of the National Council of Social Services, is to be the National Kidney Foundation's interim chairman and acting CEO, following the resignation of the charity's entire board
    526 words
  • Article, Illustration
    Lock icon Resorts bidder Tabcorp flies out its entire board
    992 1  -  All 16 directors visited Marina site to map out $2b plan By ARTHUR SIM [SINGAPORE] It s crunchtime for those bidding for Singapore's integrated resorts (IRs). And Australia's Tabcorp has responded by flying its entire board of directors all 16 of them
    YEN MENG-JIIN  -  992 words
  • Article
    Lock icon Parliament debates NKF issues on Monday, Tuesday
    611 1  -  PM Lee says he can understand why S'poreans are upset By JEAN CHUA in las Vegas PARLIAMENT will debate next week the issues surrounding the National Kidney Foundation after the charity's chief executive and board resigned over the controversial use of donors' funds.
    611 words
  • Article
    Lock icon MARKETS DIGEST
    131 1 ST! 2,250.29 (+0.13) ST MDEX FUTURES 2,251.00 (undi) SIMSa 268.08 (+0.06) SIMSa FUTURES 268.00(40.20) MARKETS Friday Chang* KLSECOMP 916J4 -4.22 NIKKEI 225 11.75&68 -5J> HANG SENG 14,504.29 *12.75 SET INDEX 655.46 -5.99 JAKARTA COMP 1,131.46 -5.11 MANILA COMP 1,897.08 *17.62 SEOUL COMP 1,059.60 -2.33 SHENZHENS 211J4 -2.11 BOMBAY
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  • Page 1 Advertisements
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  • TOP STORIES
    • Article
      Lock icon Citiraya's assistant GM charged
      520 2  -  Ng Teck Boon slapped with 193 charges over alleged recycling scam By WONG WEI KONG [SINGAPORE] The first executive of waste recycler Citiraya Industries was charged yesterday for an alleged scam in which electronic chips meant for destruction were diverted for sale overseas and the amount
      520 words
    • Article, Illustration
      Lock icon Foreign banks' deposits drives a hit with customers
      533 2  -  By SIOW LI SEN [SINGAPORE] Foreign banks have been scooping up thousands of new customers with their recent deposits and savings campaigns, with Citibank alone accounting for almost 10,000 new accounts, raking in several hundred millions of dollars in deposits. So successful
      533 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      441 2 UOB expects full control of Bank Buana for $285 m UNITED Overseas Bank intends to spend $285 million to get control of Indonesia's Bank Buana. Pending due diligence, UOB expects to buy another 30 per cent for $285 million boosting its stake to 53 per cent in Bank
      441 words
    • Article, Illustration
      Lock icon Vegas mogul who likes the 'A' word
      796 2  -  SATURDAY SOAPBOX CHRISTOPHER REED DO Singapore's Prime Minister Lee Hsien Loong and ebullient billionaire and Las Vegas hotel-casino owner Steve Wynn think alike? Of course, Mr Lee's Harvard and Cambridge background has provided him with a more restrained style than the entrepreneur's feverish
      796 words
  • Page 2 Advertisements
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      Lock icon Page 2 Advertisements Column 1
      233 2 UNIVERSITY COLLEGE DUBLIN, THE FACULTY OF MEDICINE HEALTH SCIENCES, IS PROUD TO PRESENT THE HONORARY FELLOWSHIP AWARD TO DATODR LESLIE LAM DPMB MBBCh, BSc(Hons), DCH, FRCP (Ire), FAMS, FSCAI (USA) One of Singapore's most prominent heart specialists, and ranked among the region's leading cardiologists, Dato Dr Leslie Lam now joins
      233 words
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  • RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Up to speed
      1685 3  -  From a Korean company peddling white goods and TVs, Samsung has evolved into a global powerhouse of products with cutting-edge design and premium pricing. The way to achieve miracles? Combine speed with creativity, Samsung Asia's president and CEO Park Sang Jin tells RAJU CHELLAM RAJU CHELLAM THE
      CHRIS LOH  -  1,685 words
    • Article
      Lock icon Samsung in S'pore
      403 3 SAMSUNG first set up operations in Singapore in 1979 its first South-east Asia sales office to sell domestic consumer electronics. A semicon sales office to service the South-east Asia region came up in 1991. The group HQ was set up in 1994 to oversee Samsung's operations across
      403 words
  • Page 3 Advertisements
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      Lock icon Page 3 Advertisements Column 1
      129 3 The Raffles Conversation is brought to you i through a special arrangement with Raffles lOil \£*o\ International Hotels and Resorts. The .X. CX II I Traveller's Palm in the Raffles International logo INTERNATIONAL s an a P* s y m b°l- Not only has water stored at H I -j
      129 words
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  • COMPANY NEWS
    • Article
      Lock icon UOB buying further 30% stake in Bank Buana for $285m
      495 4  -  Move will raise its stake in Indonesian bank to controlling 53% By SIOW LI SEN UNITED Overseas Bank is buying another 30 per cent of Bank Buana, Indonesia's 12th largest bank, for about $285 million to raise its holding to
      495 words
    • Article, Illustration
      Lock icon Oei Hong Leong sells entire Informatics stake
      614 4  -  By WONG WEI KONG IN a move which appears to have surprised Informatics Holdings itself, tycoon Oei Hong Leong has sold his entire 13.71 per cent stake in the troubled education services provider. News last night of this disposal which was carried out
      614 words
    • Article, Illustration
      Lock icon Boeing's 777-200LR lands at Changi
      156 4 THE Boeing 777-200LR Worldliner, the world's lon-gest-range commercial aircraft, arrived at Changi Airport for its latest stop on its "Going the Distance" world tour yesterday. The tour began in Canada last month and will visit more than 20 cities. The twin-engine plane, which can carry
      LIANHE ZAOBAO  -  156 words
    • COMPANY BRIEFS
      • Article
        Lock icon ASA still in talks with its banks
        175 4 SEMICONDUCTOR equipment maker Advanced Systems Automation said yesterday it is still in negotiations with its banks after it signed a standstill letter with them in February 2004 to facilitate debt restructuring. ASA was responding to queries from the Singapore Exchange following Ernst Young
        175 words
      • Article
        Lock icon Kyodo-Allied sees lower profits
        31 4 KYODO-ALLIED Industries said it expects its net profit for FY2005 to be lower than the previous year, due partly to price reduction to secure strategic new customers.
        31 words
      • Article
        Lock icon MCE expects a loss in 1H
        39 4 METAL Component Engineering expects a loss for its first half ended June 30, due mainly to under-utilisation of its newly acquired Thai plant and a drop in customer orders for its Shanghai plant.
        39 words
      • Article
        Lock icon Net loss set to widen, says Addvalue
        83 4 ADDVALUE Technologies said yesterday that itsftet loss for the financial year ended March 31,2005, will increase from the reported $2.97 million to $9.02 million, following a change in accounting treatment that has led to deferment of recognising revenue from a technology licensing deal.
        83 words
      • Article
        Lock icon Huan Hsin to buy remaining 49% of Shanghai firm
        60 4 HUAN Hsin Holdings has inked a deal to buy the remaining 49 per cent of Chaoji Holdings, which owns a Shanghai business manufacturing metal-stamping parts for electronic products, for U552.94 million. The deal will be funded from the placement of 65
        60 words
      • Article
        Lock icon Ipco announces variation to purchase pact
        51 4 IPCO International yesterday announced a variation to an agreement inked on July 11 to buy a 90 per cent stake in Industrial Engineering Systems for about $5.6 million. The profit guarantee referred to in the deal has been reduced from $2.75 million to $2.5
        51 words
      • Article
        Lock icon Neocorp H1 loss widens to $6.3 m
        57 4 NEOCORP'S first-half group net loss widened to $6.3 million from $3.5 million in the same period last year. Revenue for H1 ended May 31,2005, declined 35 per cent to $21.3 million. The group's gross margin was hit by increases in prices of building
        57 words
    • Article
      Lock icon TR Networks inks US$5m deal to sell products in US
      272 4 SESDAQ-LISTED TR Networks said yesterday that it has signed an agreement worth US$5 million with American company National Health Products to distribute its proprietary brands Activa and Kinohimitsu in the United States. The healthcare and beauty products firm has a
      272 words
    • Article, Illustration
      Lock icon Anil Thadani resigns as Parkway's chairman
      597 4  -  By CHLOE CHOY ANIL Thadani has resigned as mainboard-listed Parkway Holding's chairman and will be replaced by vice-chairman Richard Seow. Parkway's announcement yesterday on the board change follows the healthcare group's appointment of four new non-exec-utive directors representing private equity firm Newbridge Capital, Parkway's
      597 words
    • Article, Illustration
      Lock icon Lower-line stocks play catch-up
      516 4  -  STOCKS R SIVANITHY Senior Correspondent OF the many features which presented themselves this week, perhaps the most notable was the prevalence of the "catch-up" theme fii second and third-liners. This is similar to the "laggard" play which periodically gains popularity as a trading theme, the argument
      516 words
    • Article
      Lock icon Singapore Airlines June load factor falls y-o-y
      91 4 Reuters SINGAPORE Airlines Ltd, the world's second-most valuable airline, filled 66.6 per cent of the space available on its planes for passengers and cargo in June, down from 70.4 per cent a year earlier, it said yesterday. This compares with 62.8 per cent
      Reuters  -  91 words
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  • PROFILE
    • Article, Illustration
      Lock icon The three ages of Ee
      1169 5  -  Retirement certainly doesn't mean taking it easy for Gerard Ee. As MICHELLE QUAH learns from the energetic community worker, he's only just getting started MICHELLE QUAH Gerard Ee has worn many hats and achieved much in his life. A random selection of his credentials impresses
      ARTHUR LEE  -  1,169 words
  • Page 5 Advertisements
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  • PERSONAL INVESTMENT
    • Article, Illustration
      Lock icon BROKERS' TAKE
      923 6  -  Compiled by JOYCE KOH Ascendas Reit July 15 dose: $2.30 DBS VtCKERS RESEARCH. July 15 IQO6 A-REIT announced IQO6 distribution per unit (DPU) of 2.84 cents (33 per cent rise y-o-y) that was within our expectations. Net income rose 123 per cent y-o-y to $39.4 million from $17.6
      Source: Bloomberg  -  923 words
    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      1047 6 For week beginning Jul 11 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS SrtuntM ton No of Mc* MMENOLDMC Turn SlwafcoMar M Hum Mr Mm After 55* Pf Hnctur Cmm *80 SWS (HI) r«M> BILIntl 14-Jul-OS High Glory Invest Buy *****5 1.20 0 0.00 *****5 10.12 Beauty China 14-Ju»-05 Wong Hon
      1,047 words
    • Article, Illustration
      Lock icon Therefore, be ye guided by the code
      1002 6  -  SHOW ME THE MONEY Ethics codes are advocating natural behaviour and define the true professional TEH HOOI LING Senior Correspondent IN last week's article, we talked about the importance of understanding the incentive structure of the people we deal with, be they experts
      REUTERS  -  1,002 words
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  • BT INVESTMENT ROUNDTABLE
    • Article, Illustration
      Lock icon Mixed outlook for HK real estate
      2497 7 OVERVIEW 2004 was a boom year for Hong Kong's property sector, as it recovered strongly from the crash of 1997 and a trough in 2003, no thanks to the outbreak of Severe Acute Respiratory Syndrome. The sector's outlook for this year, however, is uncertain
      2,497 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon IRs must enhance Singapore's standing
      755 8  -  PM Lee says resorts must fit tone of Singapore while livening it up By JEAN CHUA in Las Vegas THE two integrated resorts (IRs) in Singapore scheduled to open in 2009 won't make the island another Las Vegas, but they will be venues that enhance
      JOYCE FANG/ST  -  755 words
    • Article
      Lock icon Hng Khiang tells SMEs to go to India in groups
      330 8  -  By NANDE KHIN THE Comprehensive Economic Cooperation Agreement (Ceca) that Singapore has signed with India has levelled the playing field in that country for Singapore investors and thrown access to its market wide open. But Singapore companies, especially smaller ones,
      330 words
    • Article
      Lock icon Robust returns boost Asia Life's insurance surpluses
      360 8  -  By GENEVIEVE CUA STRONG investment returns have powered homegrown Asia Life to greater surpluses in its life insurance fund, and it remains the sole insurer that has never yet cut the annual bonuses of its traditional insurance plans. Asia's chairman Tan Kah Ho
      360 words
    • Article
      Lock icon Fall in May retail sales the biggest in 10 mths
      164 8 Reuters SINGAPORE'S May retail sales fell a seasonally adjusted 3.4 per cent from April the biggest fall in 10 months—weighed down by weaker car sales and furniture and household equipment, data showed yesterday. The fall in May's retail sales index
      Reuters  -  164 words
    • Article, Illustration
      Lock icon Lack of work-life strategy among SMEs here
      417 8  -  Bigger firms doing better but still lag behind US, Europe By UMA SHANKARI THE Tripartite Committee on Work-Life Strategy says that most SMEs here do not have a work-life strategy. It classifies work-life strategy as what employers do to help employees manage work
      417 words
    • Article
      Lock icon MAS to study demographic effects
      525 8  -  Macro-economic forecasting model being expanded By ANNA TEO WHAT will be the impact on the Singapore economy if the size of its workforce shrinks with an ageing population, or the pool of imported labour grows 5 per cent? The Monetary Authority of Singapore (MAS) is
      525 words
    • Article
      Lock icon Oiltanking to boost storage
      96 8 Reuters INTERNATIONAL oil storage operator Oiltanking will add 240,000 cubic metres of storage to its Singapore facility by the middle of next year, raising capacity by about 25 per cent, industry sources said yesterday. The facility, which will cater for mainly clean fuels like gasoline, gas
      Reuters  -  96 words
    • Article
      Lock icon Local SMEs not far behind US counterparts: minister
      346 8  -  By NANDE KHIN SINGAPORE'S small businesses are rapidly catching up with their counterparts in the US, says the Minister for the Prime Minister's Office, Raymond Lim. He said last night that government efforts to promote an entrepreneurial and creative culture are bearing
      346 words
  • Page 8 Advertisements
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  • NETWORK SINGAPORE
    • Article, Illustration
      Lock icon Life in the valley of dreams
      1424 9  -  JASMIN CHIAM-YOUNG soaks up the spirit of entrepreneurship in Silicon Valley, and finds a comfortable home away from home JASMIN CHIAM-YOUNG SINGAPOREANS assimilate so quickly into the Californian Silicon Valley professional and personal culture that it's hard to tell us apart. In fact, it's
      1,424 words
    • Article
      Lock icon BURSA MALAYSIA
      2343 9 VOl General Corp ..0.48 unch 110 Ml Ctm Genting 1920 -0.30 534 George Kent 357 -0.01 245 A AM Realty 154 -0.01 7 GHl Systems .033 unch 60 AbrK 042 0.02 1626 Globetronics Tech .0.43 -0.01 2150 ACP Industries 0.70 -0.02 24 GlomacBhd 1.37 0.02 62 Advance Synergy
      2,343 words
  • Page 9 Advertisements
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      Lock icon Page 9 Advertisements Column 1
      175 9 0A working mother with 3 sons, Jasmin Chiam-Young, a Singaporean married to an American, has been living in San Jose, California for the past 5 years. She is a fine example of i* an overseas Singaporean whom the Singapore International Foundation (SIF) keeps in touch with under its Overseas Singaporeans
      175 words
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  • MALAYSIA
    • Article, Illustration
      Lock icon New police report lodged over MAS cargo project
      468 10  -  New evidence found showing irregularity in the award of project By PAULINE NG in Kuala Lumpur FORMER Malaysia Airlines chairman Tajudin Ramli has come under renewed scrutiny, following the lodging of a fresh police report after new evidence was discovered showing irregularity
      NSTP  -  468 words
    • Article
      Lock icon KFC directors want PwC probe extended back to 1999
      322 10 [KUALA LUMPUR] The directors of KFC Holdings (Malaysia) Bhd (KFCH) plan to ask PricewaterhouseCoopers (PwC) to do an in-depth probe of the fast-food chain operator, going as far back as 1999, says a report in Malaysia's Business Times. KFCH, at the
      322 words
    • Article
      Lock icon Bursa M'sia liberalises share settlement system
      531 10  -  By PAULINE NG in Kuala Lumpur MALAYSIA is simplifying its settlement system for share trading, paving the way for foreign funds which have found the system cumbersome to take a new look at the Malaysian market. On Thursday, the Malaysian stock exchange said the
      531 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      4908 10 UNIT TRUSTS FUNDS cm Global Healthcare Fund 0.97/ Crti Fin Srvcs Fund 1 08/ AUI 1«. un* Citi US Aggressive Growth Fund 0.88/ n«7/ S B Sel GlKBus Ldrs Ptfl 03(SGD) 1.1184/ ?52 S B Sel Gib Bus Ldrs Ptfl 03(USD) 1.1677/ 1'?™ Citibond S pore Class Y 0.979/ i
      4,908 words
  • Page 10 Advertisements
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      Lock icon Page 10 Advertisements Column 1
      28 10 PIMCO Global Real Return Fund a fund that is hedged against global inflation. AlliatIZ (jfi) I Rated 5-star by Mercer Investment Consulting Global investors I (ompdiiy no *****716')/
      28 words
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  • GREATER CHINA
    • Article, Illustration
      Lock icon US expects yuan revalue in August ahead of Hu's visit
      601 11 US expects yuan revalue in August ahead of Hu 's visit But China insists no timetable for possible change to yuan's dollar peg Reuters, AFP [BEIJING] The administration of President George W Bush has told key senators that it expects China to revalue the yuan in August before President Hu
      Reuters,; AFP; BLOOMBERG  -  601 words
    • Article, Illustration
      Lock icon China protests Tokyo's decision on drilling rights
      341 11 Beijing calls the move a 'severe provocation' AP [BEIJING] China yesterday formally protested against Japan's decision to give a private oil company drilling rights in a part of the East China Sea also claimed by Beijing, calling it a severe provocation. Cui Tiankai,
      AP  -  341 words
    • Article
      Lock icon China may use nukes against US over Taiwan
      236 11 Reuters [BEIJING] A senior Chinese general has warned that China was ready to use nuclear weapons against the United States if Washington attacked his country over Taiwan, the Financial Times newspaper reported yesterday. Zhu Chenghu, a major general in the People's Liberation
      Reuters  -  236 words
    • Article
      Lock icon HK developer hits out at Trump: paper
      371 11 AFP [HONG KONG] A Hong Kong property developer being sued by American tycoon Donald Trump over a New York land deal, hit out at the mogul saying his lawsuit is groundless, a press report said yesterday. Shui On Holdings chairman Vincent Lo, along
      AFP  -  371 words
    • NOTE BOOK
      • Article
        Lock icon Mittal buys 1st stake in China's steel sector
        64 11 AP [BEI JING] Mittal Steel Co, the world's biggest steel maker, has made its first investment in China, buying a 37 per cent share of a state-owned steel mill, a news report said yesterday. The government on Thursday approved the US$337 million
        AP  -  64 words
      • Article
        Lock icon Bank Indonesia not eyeing private profits
        62 11 Reuters [KUALA LUMPUR] Indonesia's central bank has no plans to ask private firms to repatriate foreign currency earnings, a central bank official said yesterday. The bank last week ordered state firms to repatriate their foreign currency revenue. But Miranda Goeltom, senior deputy governor of
        Reuters  -  62 words
      • Article
        Lock icon Kazakh govt backs ONGC's bid plans
        59 11 Reuters [MUMBAI] India's Oil and Natural Gas Corp Ltd's (ONGC) plans to bid for Canadian oil company PetroKazakhstan Inc have the support of the Kazakhstan government, a senior Indian oil ministry official said yesterday. "The Kazakh government is happy with India's proposal and has
        Reuters  -  59 words
      • Article
        Lock icon China's next manned space mission in Oct
        67 11 AFP [BEIJING] China plans to launch its next manned space mission in early October with two astronauts circling the earth for five to six days, state media reported yesterday. "The manned spacecraft Shenzhou VI wi11... be launched in early October," Sun Weigang, director
        AFP  -  67 words
      • Article
        Lock icon Telkom Indonesia meets SEC deadline
        67 11 Bloomberg [JAKARTA] PT Telekomunikasi Indonesia, the nation's biggest telephone company, met a deadline to file its 2004 accounts based on US standards to the US Securities and Exchange Commission, according to a filing on Thursday. Telkom earlier said it may fail to meet the July
        Bloomberg  -  67 words
    • Article
      Lock icon Why CNOOC failed to win over Unocal directors
      271 11 Bloomberg [NEW YORK] CNOOC Ltd failed to persuade Unocal Corp directors to support a takeover because China's third-largest oil company didn't raise its US$lB.5 billion cash offer, people familiar with the matter said. Chief Executive Fu Chengyu has permission from CNOOC's board
      Bloomberg  -  271 words
  • Page 11 Advertisements
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      Lock icon Page 11 Advertisements Column 1
      243 11 BT I2 m l m proudly presents the OPTIONS COURSE The Secret to High-Profit Low-Risk Trading Strategies At this unique FREE SEMINAR, you will learn Harvard-educated 1 j. hedge fund manager nOW It IS pOSSIDIe to; George Fontanills is an B 4 Trade on the USA Major World Markets «****<
      243 words
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  • INDIA
    • Article
      Lock icon Foreign banks headhunting local bank staff
      446 12 DBS is also in the fray; headcount expected to rise to 100 from 80 Economic Times [MUMBAI] Foreign banks that have been feeling the heat of competition generated by the local private sector banks are now poaching on senior bankers from these banks to
      Economic Times  -  446 words
    • Article, Illustration
      Lock icon Camera phones spook Bollywood stars
      519 12 Actors protest circulation of their intimate images by amateur paparazzi AFP [MUMBAI] Bollywood actors these days think twice before venturing into hotels, discos or even to join a friend's birthday bash amateur paparazzi using mobile phone cameras have got them running scared. A series of
      AFP; AFP FILE PHOTO  -  519 words
    • Article
      Lock icon SGX MAINBOARD
      7670 12 Transaction date: JuM5 52-Wk Td Last Vol Day Last Quote GrOiv Mv GrVtd Net MCap High Low Coda Company Sate COCO) High Low luyr SalUr S Cot WE SmS 10 3 5716 1st Software 5c 4 unch 2260 4 4 3.5 4 16J 34.5 11 3148 8TelecomUS2c 12
      7,670 words
    • Article
      Lock icon No go for foreigners in Indian carriers
      171 12 [MUMBAI] Just two weeks before the new Indian civil aviation policy is unveiled, the Union Government on Thursday said there would not be any revision in its stand of not allowing foreign airlines to invest in Indian domestic carriers, according to an online
      171 words
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  • ASIA-PACIFIC
    • Article, Illustration
      Lock icon Japan set for 4th straight growth year
      607 13  -  But exports slowdown and rising oil prices are concerns, says Cabinet Office By ANTHONY ROWLEY in Tokyo THE Japanese economy should be able to maintain a fourth successive year of recovery in 2005, thanks to firming domestic demand, the Cabinet Office suggested in
      Source: Chinese official data  -  607 words
    • Article
      Lock icon SGX
      6365 13 Transaction Date: Jul 15 MOST ACTIVE STOCKS VOLUME VALUE Biosensors USO.OIc 81.922.000 DBS Grp 88.986.102 Informatics 5c 70.206.000 Biosensors USO.OIc 75.197.855 BIL Intl US20c 30.167.000 BIL Intl US20c 38.132.930 Adv Integrated 2.5c 27.612.000 SembMar 10c 35.598.100 People's Food HK50c 27.528.000 OCBC 34.418.700 STX PanOcean KW100 26.610.000 SingTel 15c 30.898.620
      6,365 words
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  • WORLD
    • Article, Illustration
      Lock icon Women earn more money at female-led firms: study
      619 14 They also find it harder to return to the workforce after leaving Bloomberg [SAN FRANCISCO] Women executives, who still earn less than their male counterparts, are likely to earn as much as 20 per cent more at companies led by females, according
      Bloomberg  -  619 words
    • Article
      Lock icon GE's Q2 profit climbs 24% on industrial orders
      348 14 Bloomberg [NEW YORK] General Electric's (GE) earnings rose 24 per cent, the most in six quarters, spurred by orders for industrial equipment such as jet engines and demand for products in fas-ter-growing areas like energy and consumer finance. Second-quarter net income rose
      Bloomberg  -  348 words
    • Article, Illustration
      Lock icon Fujitsu creates bendable electronic paper
      188 14 AFP [TOKYO] Japanese researchers yesterday showed off a bendable electronic paper that uses almost no power while displaying images, making it useful for advertising on buildings and vehicles. Electronics maker Fujitsu said the electronic paper was the first that can preserve images in vivid colour
      AFP; REUTERS  -  188 words
    • WORLD WATCH
      • Article
        Lock icon HP to announce restructuring plan
        79 14 Reuters [SAN FRANCISCO] Hewlett-Packard Co is expected to announce a restructuring plan this month that could lead to large layoffs as the world's No 2 computer maker seeks to slash costs, analysts say. When HP reported fiscal Q2 results in May, new chief executive Mark
        Reuters  -  79 words
      • Article
        Lock icon Citigroup president steps down
        75 14 Bloomberg, AP [NEW YORK] Citigroup president Robert Willumstad, who helped chairman Sanford Weill build the biggest US bank, is stepping down to seek the top job at a public company, the financial services giant said. He is leaving Citicorp two years after being passed up as
        Bloomberg,; AP  -  75 words
      • Article
        Lock icon Shell's Russian project sees delay
        82 14 [LONDON] Royal Dutch/Shell, the Anglo-Dutch energy giant, said on Thursday its flagship Russian gas project would be delayed by at least eight months and cost US$2O billion, twice the original estimate, the Financial Times reported. The giant Sakhalin-2 liquefied natural gas project off the east
        82 words
      • Article
        Lock icon Sony Ericsson's Q2 profit falls
        70 14 Bloomberg [LONDON] Sony Ericsson Mobile Communications, the cellular-phone joint venture owned by Sony Corp and Ericsson AB, posted a 19 per cent drop in Q2 profit as it introduced lower-priced handsets to win customers. Net income declined to 75 million euros (Ssl 53 million) from
        Bloomberg  -  70 words
      • Article
        Lock icon Commonwealth CEO gets A$17m
        87 14 Bloomberg [SYDNEY] David Murray, Commonwealth Bank of Australia's chief executive officer, will receive termination pay of A 517.5 million (5522.2 million) when he retires. He was with the bank for 39 years, starting as a teller. New CEO Ralph Norris starts on Sept 23, a day
        Bloomberg  -  87 words
      • Article
        Lock icon Morgan Stanley's Schaefer quits
        58 14 Bloomberg (NEW YORK] Morgan Stanley's John Schaefer will leave the firm after heading its brokerage business since 2000, the second top official to resign since Philip Purcell stepped down as chairman and chief executive last month. Mr Schaefer, 53, will retire at year-end after his successor
        Bloomberg  -  58 words
      • Article
        Lock icon Ex-Daewoo chairman hospitalised
        59 14 AP 9 [SEOUL] The former chairman of collapsed South Korean conglomerate Daewoo Group was hospitalised with a life-threatening heart ailment yesterday, casting a shadow over a multi-billion dollar fraud investigation. Kim Woo-choong, who returned to South Korea last month after fleeing the country in 1999, was indicted
        AP  -  59 words
    • Article
      Lock icon US consumer sentiment perks up to 1-yr high
      412 14 LATEST US DATA Reuters [NEW YORK] US consumer sentiment rose to its highest level in a year in early July as gains in the stock market and better hiring conditions offset the drag from record gasoline prices, a report said yesterday. The
      Reuters  -  412 words
    • Article
      Lock icon Anti-Arroyo protesters storm government building
      454 14  -  By AL LABITA in Manila OPPOSITION moves to oust beleaguered Philippine President Gloria Arroyo yesterday turned violent. Some 500 militants stormed the Agriculture Department building, smashing windows and assaulting security guards before fleeing, shouting antiArroyo slogans. The incident, which left six protesters injured, was the
      454 words
    • Article
      Lock icon Samsung Electronics' Q2 profit down 46%
      313 14 AP, Bloomberg [SEOUL] Samsung Electronics Co, the world's largest memory chipmaker, said yesterday that secondquarter profit fell 46 per cent, largely due to a sharp drop in prices for computer chips. This was its third straight quarterly profit drop. South Korea's biggest company by
      AP,; Bloomberg  -  313 words
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  • MOTORING
    • Article, Illustration
      Lock icon Best buys in H1
      1827 15  -  As expected, the Singapore new car market has thrown up fewer surprises than the NKF lawsuit. There were no major new models, and only small changes to the rankings of the top 10 brands. But despite being the same old story, this one had a slight
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  • GOLF
    • Article, Illustration
      Lock icon Swinging times for golf in China
      1117 16  -  The game is coming of age there with a new pro tour and world-class courses being built, reports JUSTINE MOSS JUSTINE MOSS GOLF in China received a shot in the arm last week when the China Golf Association (CGA) launched a new US$B million
      JAY JAY COMMUNICATIONS; FILE PHOTO  -  1,117 words
    • Article, Illustration
      Lock icon Still a graphite, but gives more yardage
      322 16  -  By VEN SREENIVASAN MICHAEL Campbell won the US Open with it this year. Annika Sorenstam and Phil Mickelson won a handftil of tour events with it this year. And Mardan Mamat bought one to get 20 metres more off the tee for his
      ARTHUR LEE  -  322 words
  • Page 16 Advertisements
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      Lock icon Page 16 Advertisements Column 1
      1607 16 To advertUc call toll-free 1800 289 8821 Email: notices@sph.com.sx GLOBAL tender notice (KST/CO/CE/511 dated 11.07.05) DEVELOPMENT OF INTERMODAL TRANSIT CENTRE, BANGALORE, INDIA THROUGH PRIVATE PARTICIPATION ON BOT BASIS Bangalore, the capital of Karnataka State, India, is the fifth largest metropolis, a major industrial and commercial centre and the nerve centre
      1,607 words
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      Lock icon Page 16 Advertisements Column 2
      388 16 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SHAW PIPELINE SERVICES (SINGAPORE) PTE LIMrTED Company Registration No. *****3330Z (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
      388 words
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  • WELLNESS
    • Article, Illustration
      Lock icon What's new in spas
      2280 17 While the spa scene can look really crowded at times, with a new outlet catching your attention every few months, spa operators and experts believe the industry is still in its infancy here, in terms of market segmentation, services and products. We check out a few
      PHOTOS OF WELLNESS BY CHRIS LOH  -  2,280 words
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  • SHOPPING
    • Article, Illustration
      Lock icon Pure cures
      1515 18  -  No ad, no endorsements, just sensible skincare. CORINNE KERK looks at two brands that take the au naturale approach CORINNE KERK Two skincare brands from opposite ends of the globe. Both botanically-based, both not into celebrity endorsements or fancy packaging and advertisements and both caution against unrealistic expectations
      AESOP PHOTO BY CHRIS LOH  -  1,515 words
    • IN STORE
      • Article, Illustration
        Lock icon Business class
        88 18 SEE what careful tanning and dexterous craftsmanship can produce: the Montblanc Meisterstuck leather overnight case. Bright palladium-plated metal fittings contrast with the jet black of the embossed calf leather which retains its glossiness due to special processing. It's perfect for business trips: with its dimensions of 44.5 x
        88 words
      • Article, Illustration
        Lock icon Don't leave home without it
        160 18  -  Compiled by MICHAEL CHUA IF you travel frequently, here's something you might want to pack for your next trip: a basic health travel kit from Osim comprising a travel neck pillow, an eye massager and a pen that massages. The pillow, using Tempur material and
        160 words
  • Page 18 Miscellaneous
    • Miscellaneous
      Lock icon Page 18 Miscellaneous Column 1
      193 18 CRYPTIC CROSSWORD DOWN (10) YESTERDAY'S SOLUTION 1 Discouraging when it isn't 11 Keen custom of dubious deal- Across: 1 Chamberlain, 7 Wapcompletely dry (4) ing (5,8) ping, 8 Cockier, 10 Nylon, 11 As--2 Someone backing horses (7) 13 Muscular defect of the eye, trology, 12 Grandee, 14 Spaniel, 15 3
      193 words
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  • TRAVEL
    • Article, Illustration
      Lock icon The beautiful South
      1040 19  -  GEOFFREY EU journeys to a place less travelled and finds a region of stunning natural beauty, quaint towns as well as some splendid fare, in South Australia GEOFFREY EU WHEN it comes to destinations Down Under, South Australia is the Rodney Dangerfield of Australian tourism a place
      PHOTOS BY GEOFFREY EU  -  1,040 words
  • Page 19 Advertisements
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      698 19 wine&dine withweekendBT MjmiBqKBL Amalfi The Italian Pizza Place Coleman's Cafe Hotel Phoenix Plaza Market Cafe 3E River Valley Road, Traders Market (Clarke Peninsula Excelsior Hotel, Level 5. TA *****132 277Orchard Road. Tel: *****129 Level 2, Regies The Plaza. Tel *****156 Quay), *01-05. TeL- 6883 0620 Buffet lunch available on weekends
      698 words
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  • THE BUSINESS TIMES weekend
    • Article, Illustration
      Lock icon Under one roof
      1095 20  -  Dine on fine Japanese and European cuisine, down a drink or two, fish for fresh seafood, stock up on homemade breads, buy a bottle or order a set of fine china all in one place. GEOFFREY EU looks in on Gourmet Cellar's new 'superstore' GEOFFREY EU IT
      PHOTOS BY CHRIS LOH  -  1,095 words
    • Article
      Lock icon To Indochina via France
      440 20  -  By JAIME EE WHEN Vietnamese food on its own is already so exquisite with its heady, tropical aromas spiked with the tangy pungence of fermented sauces, why the need to fuse it with a totally different cuisine? In this case, French, with its penchant for pretty
      440 words
    • Article, Illustration
      Lock icon A bit of Belgian froth
      686 20  -  SAMUEL EE samples Saint Pierre's celebratory beer and food dinner menu SAMUEL EE APART from Tintin and his exceptionally expressive dog Snowy, another famous Belgian export is beer. And to celebrate Belgium's national day ofr July 21, chef Emmanuel Stroobant will pair beer with food
      686 words