The Business Times, 23 July 2005
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2005-07-23
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The Business Times
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Title Section16 2005-07-23 1 THE BUSINESS TIMES weekend SINGAPORE 85 cents MICA (P) 089/03/2005 online at http:/rt>usiness-times.asial.conrsg July 23-24. 200516 words
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Article, Illustration980 2005-07-23 1 LARRY WEE, WONG WEI KONG - But yuan, ringgit moves have mixed effects on stocks By LARRY WEE, WONG WEI KONG [SINGAPORE] Regional currencies rose yesterday while stocks were mixed after China scrapped its yuan peg and Malaysia followed suit with the ringgit. While theimmediate impact has been limited, theS and - 980 words
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569 2005-07-23 1 ANNA TEO - By ANNA TEO [SINGAPORE] The Monetary Authority of Singapore (MAS) remains upbeat about economic growth prospects in the second half of 2005, saying recent developments in and latest figures from the major economies have fuelled its optimism. In the second569 words
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Article, Illustration753 2005-07-23 1 KALPANA RASHIWALA - Full-year number projected to be biggest since 2002 By KALPANA RASHIWALA [SINGAPORE] Developers sold 2,780 private homes in the second quarter, more than double the 1,250 units in Ql and the highest quarterly figure for about three years. PropertySource: LIRA H B - 753 words
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Page 1 Advertisements
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Advertisement53 2005-07-23 1 MOTORING Big Beemer with a divine dItVBPGIS > MORE REPORTS Vikram Khanna on the upside and downside of China's de-pegging PG2 Larry Wee on why Asian currency surge unlikely pg 3 EXTREME FITNESS A new way to keep fit—and Mm have fun Kl7 I 111 l 8 *****1 *****4 Markets53 words
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Advertisement9 2005-07-23 1 ■■■■RAFFLES CONVERSATION Ite transformation of IHHI Li&FungPGs .A. < X9 words
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Advertisement13 2005-07-23 1 FOOD %r Join the (Culinary) Club PG2O IPI v «i,tV V 34;.- t -*>13 words
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MARKETS UNPEGGED
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Article, Illustration1313 2005-07-23 2 VIKRAM KHANNA - COMMENTARY Many economists reckon that the yuan revaluation has only just started, and there's more to come VIKRAM KHANNA Associate Editor AS reactions to the not-so-surprising depegging of the Chinese yuan to the US dollar on Thursday start pouring in, one thing seems clear: everybody's expecting1,313 words
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Article, Illustration399 2005-07-23 2 JEAN CHUA - By JEAN CHUA THE impact of the yuan's revaluation on the earnings of Singapore firms with business in China will be mixed, analysts say. And the long-term effects will depend on how the Singapore dollar eventually trades against the Chinese currency. OnREUTERS - 399 words
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236 2005-07-23 2 R SIVANITHY - By R SIVANITHY WITH only a few China stocks in focus, the local stock market yesterday responded in muted fashion to China's decision to revalue its currency. However, brokers expect more movements once analysts have completed their assessments of those companies that might236 words
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326 2005-07-23 2 VEN SREENIVASAN - By VEN SREENIVASAN SINGAPORE banks and property companies will be among the biggest beneficiaries of Malaysia's decision to scrap its seven-year-old currency peg, analysts said yesterday. Companies big and small from UOB, OCBC and Capita Land to smaller property-based outfits with an326 words
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614 2005-07-23 2 MICHELLE QUAH - By MICHELLE QUAH THE portfolio values of Singapore's two biggest investors Temasek Holdings and the Government of Singapore Investment Corp (GIC) have been altered as a result of Thursday night's sudden unpegging of China and Malaysia's currencies. The exact change is unclear,614 words
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Article374 2005-07-23 2 'Bank Negara was kind enough to allow the float at 3.795 so that those caught could exit with their pants on and with minimum losses.' -A Malaysian banker 'We believe the biggest potential winners in this order are Indonesia, Singapore, Thailand and then Malaysia. Indonesia, because they have the374 words
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Article363 2005-07-23 3 'In the short-term, Japanese exports to China could increase. In the medium-term, when China and other Asian economies shift to floating exchange systems, the yen will probably depreciate against regional currencies, making it easier for people to come to Japan.' Naoki lizuka, chief economist, Dai-ichi Life Research Institute 'A363 words
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Article, Illustration684 2005-07-23 3 LARRY WEE - COMMENTARY Gradual and orderly moves expected over the coming months LARRY WEE Senior Correspondent WITH China's decision to detach the yuan from the US dollar, the latter will most likely be weaker six months to a year from today. But it may be wise to factor684 words
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584 2005-07-23 3 ANTHONY ROWLEY - By ANTHONY ROWLEY in Tokyo CHINA'S move to abandon its 10-year-old currency peg to the US dollar may accelerate a shift of Japanese investment away from China towards Asean, Japanese officials and businessmen forecast yesterday. They see Beijing's decision to revalue the yuan and584 words
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Article, Illustration421 2005-07-23 3 CHLOE CHOY - By CHLOE CHOY THE Malaysian ringgit appeared to be in short supply yesterday, following news that Malaysia will drop its peg of RM3.80 per US dollar and move to a managed float currency system, in the wake of China's yuan revaluation. AYEN MENG JIIN - 421 words
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Article, Illustration449 2005-07-23 3 WEE LI-EN - By WEE LI-EN TOUR operators are bracing themselves for an increase in tourists from China following the revaluation of the yuan. Ananda Travel, whose China packages account for 25 per cent of its revenue, said that it has plans to capture the449 words
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618 2005-07-23 3 PAULINE NG - By PAULINE NG in Kuala Lumpur THE buzz in Malaysian money markets yesterday was not seen in nearly seven years when the ringgit was cut loose from its 3.80 to the US dollar peg and allowed to float against a basket618 words
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TOP STORIES
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647 2005-07-23 4 VEN SREENIVASAN - Jetstar starts due diligence, deal for new carrier may be signed within days Reports by VEN SREENIVASAN [SINGAPORE] Discount carriers Valuair and Qantas affiliate Jetstar Asia have moved a step closer to a merger, with Valuair shareholders forming a special purpose vehicle (SPV)647 words
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Article, Illustration608 2005-07-23 4 Aviation authorities will apply 'use it or lose it' principle [SINGAPORE] The merged entity resulting from the marriage of Jetstar Asia and Valuair will inherit the air rights of both low cost carriers when the alliance is completed. This, according to Minister608 words
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Article134 2005-07-23 4 Dsn 2,319.34 (+8.20) ST INDEX FUTURE! 2,319.00 (+8.00) SIMSCI 277.03 (+1.29) SIMSCI FUTURES 277.10 (+0.20) MARKETS Friday Change KLSECOMP ***** >17.75 NIKKEI 225 11.695.05 -91.68 HANG SENG 14,786.46 +166.32 SET INDEX closed JAKARTACOMP 1,172.24 +14.73 MANILA COMP 1,954.40 -6.36 SEOUL COMP 1,074.22 -0.43 SHENZHEN B 210.71 +7.58 BOMBAY134 words
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Article547 2005-07-23 4 CMT buys Bugis Junction and Jurong Entertainment Centre CAPITAMALL Trust has bought Parco Bugis Junction for $580.8 million. CMT has also bought Jurong Entertainment Centre for $68 million. COMPANY NEWS, PG 6 < KepLand unlocks Bugis Junction value KEPPEL Land has decided to unlock the value of its547 words
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Article, Illustration770 2005-07-23 4 PARVATHI NAYAR - SATURDAY SOAPBOX Radical works intended to push boundaries and set tongues wagging often end up being plain gimmicky PARVATHI NAYAR Correspondent M m A t didn't you guys a\ a decide to not give M a out a prize at all? II If ThatAFP - 770 words
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RAFFLES CONVERSATION
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Article, Illustration1942 2005-07-23 5 WONG WEI KONG - One of the oldest trading houses in Hong Kong. Li Fung has been transformed by the third generation into an up-to-the-minute modern global supply chain management company. How? By separating business and family, as WONG WEI KONG finds out WONG WEI KONG FAMILY businesses often don't surviveARTHUR LEE - 1,942 words
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Page 5 Advertisements
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Advertisement138 2005-07-23 5 /"T"\ The Raffles Conversation is brought to you through a T 1 /vXI 1 special arrangement with Raffles International Hotels |\H| 1 and Resorts. The Traveller's Palm in the Raffles INTERNATIONAL International logo is an apt symbol. Not only has water stored at the base of this palm provided sustenance,138 words
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COMPANY NEWS
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Article, Illustration490 2005-07-23 6 ARTHUR SIM - Reit's distributable income for Q2 is $30.3m, or 2.51 cents per unit Reports by ARTHUR SIM CAPITAMALL Trust (CMT) has bought Parco Bugis Junction for $580.8 million. Speaking at a press conference to announce halfyearly results, CMT CEO Pua Seek Guan alsoFILE PHOTO - 490 words
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COMPANY BRIEFS
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84 2005-07-23 6 MAPLETREE Logistics Trust, which priced its initial public offering at 68 cents per unit, saw a subscription rate of 43.88 times based on a total demand of 15.683 billion units for the almost 357.4 million units available for subscription under the offering (assuming the84 words
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Article29 2005-07-23 6 KEDA Communications' initial public offering of 26 million shares is 2.1 times subscribed. The shares, offered at 34 cents each, start trading on Monday.29 words
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68 2005-07-23 6 DEL Monte Pacific yesterday posted a 12 per cent drop in first-half net profit to US$lO.2 million despite sales having jumped 24 per cent to U*****.6 million. Among reasons cited by the food manufacturer are higher raw material, packaging, labour and energy costs. It68 words
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68 2005-07-23 6 SNP Corp earned a net profit of 1.3 million for the six months ended June 30, 2005 a 36 per cent rise from the year-ago period. It said this was due to an improved performance from its printing and publishing operations. SNP expects68 words
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Article34 2005-07-23 6 SINGTEL is hoping to raise $2 million to help more than 20,000 less privileged children and young people in the coming year in its SingT el Touching Lives Fund 2005 campaign.34 words
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Article, Illustration458 2005-07-23 6 ROLAND LIM - By ROLAND LIM CHARTERED Semiconductor Manufacturing, the world's third-largest semiconductor foundry, began its climb out of the doldrums in the second quarter, beating market expectations with a smaller than expected loss. Singapore's largest chipmaker reported a net loss of US$67.l million for the threeSource: Bloomberg - 458 words
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242 2005-07-23 6 KEPPEL Land has decided to unlock the value of its investment in Bugis Junction through divestment of its stake in Parco Bugis Junction, the retail component of the integrated mixed development. The property company said yesterday it will alscr acquire the 15-storey Bugis Junction Towers,242 words
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380 2005-07-23 6 RONNIE LIM - Bigger war chest allows it to pursue new projects By RONNIE LIM ARMED with a bigger war chest after its share price more than doubled since it listed here in April Pearl Energy plans to boost oil and gas exploration and has380 words
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397 2005-07-23 6 UMA SHANKARI - By UMA SHANKARI LIKE DBS Bank, United Overseas Bank has introduced new home loan packages at higher interest rates for those requiring more than 80 per cent financing. DBS Bank, which introduced its packages earlier this week in response to397 words
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Article, Illustration503 2005-07-23 6 R SIVANITHY - STOCKS R SIVANITHY Senior Correspondent IT was meant to be a relatively quiet week, possibly one of "consolidation", as markets waited for US Federal Reserve chief Alan Greenspan's mid-week testimony on the state of the US economy and the direction for interest503 words
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296 2005-07-23 6 AMIT ROY CHOUDHURY - By AMIT ROY CHOUDHURY NOL, the global transportation and logistics company, yesterday launched a radio frequency identification (RFID) test centre in Singapore in partnership with Sun Microsystems, in the presence of Lee Boon Yang, Minister for Information, Communications and the Arts.296 words
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PERSONAL INVESTMENT
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Article, Illustration854 2005-07-23 7 JOYCE KOH - Compiled by JOYCE KOH Lion Teck Chiang July 22 dose: 19.5 cents PHILLIP SECURITIES RESEARCH. July 22 FOLLOWING the slew of generally positive policy measures announced on Tuesday, property and banking counters have enjoyed a good run on expectations of a long-awaited pick-up in the local property market.Source: Bloomberg - 854 words
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Article, Illustration1548 2005-07-23 7 TEH HOOI LING - SHOW ME THE MONEY For a buyer fixing the investment or strategic value may be the most crucial part TEH HOOI LING Senior Correspondent HOW are mergers and acquisitions valued? Are they a zero sum game in that if the seller gains, the buyer mustREUTERS - 1,548 words
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Article1190 2005-07-23 7 For week beginning Jul 18 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS Subsantiaf toy Hoof price SHAREHOLDING Tram Shareholder Scl Shares Per More Alter Stock Date Director Com '000 Shr C000) COOP) Leong Hin Hldgs 21 Jul-05 Raymond Ng Buy 2800 0.37 ***** 51.65 ***** 53.32 Swissco Intl 20-Jul-05 Chong1,190 words
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BT INVESTMENT ROUNDTABLE
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Article, Illustration3081 2005-07-23 8 OVERVIEW RECENT rumblings in the technology sector seem to point to a resurging interest in technology stocks. The signs are there from manufacturers' falling inventories to the strong consumer demand for digital devices. New York's tech-heavy Nasdaq exchange has enjoyed a recent run, and3,081 words
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SINGAPORE NEWS
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Article, Illustration681 2005-07-23 9 NANDE KHIN - MAS ANNUAL REPORT Outlook bright with emergence of high growth markets awash with funds By NANDE KHIN TOTAL assets managed out of Singapore grew 23 per cent at the end of last year as markets like the Middle East and South AsiaSource: MAS - 681 words
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293 2005-07-23 9 ANNA TEO - By ANNA TEO THE idea is still being studied, but several banks have expressed interest in the proposed mortgage insurance for lenders, says the Monetary Authority of Singapore (MAS). "Quite a few players have come in to speak to us," Teo Swee Lian, MAS293 words
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586 2005-07-23 9 ALEXANDRA HO - PROPERTY FOCUS By ALEXANDRA HO THE public housing resale market took a beating in the previous quarter as anticashback measures kicked in, but housing agents are unanimous in predicting an upturn in the second half of the year. A total of 6,604586 words
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Article516 2005-07-23 9 KALPANA RASHIWALA - It is expected to divest both sites at Dunearn Road and West Coast Road By KALPANA RASHIWALA SINGTEL has received provisional permission from the Urban Redevelopment Authority (URA) to develop two properties at Dunearn Road and West Coast Road into residential projects. It received approval in516 words
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368 2005-07-23 9 CHUANG PECK MING - By CHUANG PECK MING THE role played by overseas Chinese in China's development is set to decline as fast-changing China learns directly from the outside world without intermediaries, Minister Mentor Lee Kuan Yew observed last night. Speaking at the Chinese Heritage Centre's 10th368 words
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Article192 2005-07-23 9 INDIGOZ Exchange, the company behind restaurant currency i-chqs, has been found in breach of the Banking Act and was fined $10,000 by the Monetary Authority of Singapore (MAS). A Commercial Affairs Department (CAD) investigation found that Indigoz had broken section 77A of the act, which192 words
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215 2005-07-23 9 AS Singapore's economy continues to face many challenges, locally incorporated companies were yesterday urged to remain competitive by the Minister for Manpower Ng Eng Hen. Speaking at an award ceremony to honour Singapore's top 50 fastest growing companies, Dr Ng said: "As CEOs of215 words
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SINGAPORE ROUNDUP
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Article84 2005-07-23 9 THE public can sample 401 types of wine from more than 40 countries and finger food by Conrad Centennial Singapore's chefs for only $50 at a wine-tasting event. Organised by Lianhe Zaobao and The Wine Review and sponsored by Lexus and Nokia, the event84 words
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40 2005-07-23 9 AS the National Kidney Foundation restructures its affairs, the Institute of Certified Public Accountants of Singapore is asking for public comment on recommended accounting practices for charities. E-mail comments to technical@icpas.org.sg by Aug 1.40 words
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Page 9 Advertisements
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Advertisement461 2005-07-23 9 IHH CM IriMrer IWO 289 KZ2 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 STROVEN PTE LTD IN MEMBERS' VOLUNTARY LIQUIDATION Al an Extraordinary General Meeting of the Company convened and held at 190 Middle Road. #09-01 Fortune Centre. Singapore, on the 21st day of July 2005, the following461 words
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MALAYSIA
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434 2005-07-23 10 Securities body director expects RM3b to be raised in two years Bloomberg [KUALA LUMPUR] Malaysia's real estate investment trust (Reit) industry may more than triple in size by the end of next year, according to an official at the nation's markets regulator. Reits,Bloomberg - 434 words
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Article7841 2005-07-23 10 Transaction date: Jul 22 52-Wk Td Last Vol Day Lact Quote OrfNv Mv GrVW Net MCaa High Lam Code Company Sale COOP) High tow Bvyr SdUr Cw Wt $ZS 10 3 5716 1st Software 5c 3.5 unch 102 3.5 3.5 3.5 4 142 34 5 11 3148 8Te(ecomUS2c7,841 words
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Article, Illustration592 2005-07-23 10 PAULINE NG in Kuala Lumpur - By PAULINE NG in Kuala Lumpur THERE are few industries that Malaysia can claim to excel in, never mind dominate. But by leveraging on its strengths in rubber plantations, the country is unsurpassed in the rubber gloves sector. Its annual production of over 27FILE PHOTO - 592 words
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175 2005-07-23 10 Reuters [KUALA LUMPUR] Malaysian gaming and power firm Tanjong pic is considering a US$25O-300 million bid to buy two Egyptian power plants from Electricite de France as it looks to grow overseas, a source close to the talks said. Tanjong announced thisReuters - 175 words
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INDIA
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Article, Illustration643 2005-07-23 11 Only one in every 10 films made so far this year has broken even AFP [MUMBAI] If the Hollywood box office is in the doldrums, spare a thought for poor Bollywood only one in every 10 movies made so far this year hasAFP - 643 words
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Article6326 2005-07-23 11 Transaction Date: Jul 22 MOST ACTIVE STOCKS VOLUME VALUE STX PanOcean KW100 63.115.000 DBS Grp 80.941.634 Bio-Treat HK40c 35.404.000 STX PanOcean KW100 61.715.790 RafflesH 32c 35.007.000 CapitaLand 58.863.106 Biosensors USO.OIc 33.532.000 OCBC 55.724.500 People's Food HK50c 32.370.000 UOB 40.841.948 CapitaLand 21.324.000 SingTel 15c 40.422.112 Chart SemiCond 26c 21.198,000 Biosensors6,326 words
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GREATER CHINA
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522 2005-07-23 12 Revaluation of the yuan may affect banks' foreign reserves Bloomberg [SHANGHAI] Industrial Commercial Bank of China, Bank of China, and China Construction Bank, the nation's three biggest stateowned lenders, may report a decline in their capital adequacy ratios after China letBloomberg - 522 words
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Article, Illustration37 2005-07-23 12 [HONG KONG] Children play in a fountain to cool down as a heatwave hits Hong Kong. Thermometer recordings in the past few days have soared to 33 deg C and 71 per cent humidity. AFPAFP - 37 words
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Article248 2005-07-23 12 It acquires a 22% stake in the NT$36.6b deal Bloomberg [TAIPEI] Taishin Financial Holding Co agreed to pay NT536.6 billion (Ssl.9 billion) for management control of Chang Hwa Commercial Bank, creating the second-largest banking group in Taiwan in terms of assets. Rival candidates to buyBloomberg - 248 words
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Article125 2005-07-23 12 AP [TAIPEI] Taiwan has "agreed in principle" to allow computer giant Lenovo Ltd to become the first mainland Chinese firm to establish a subsidiary on the island, the government said yesterday in what is seen as a significant step forward in commercial ties between theAP - 125 words
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316 2005-07-23 12 Reuters [SINGAPORE] Chinese oil producer CNOOC Ltd may need to raise its bid for Unocal Corp to more than US$l9 billion to win the race for the US oil and gas producer, investors and analysts said. CNOOC has board authorisation to stepReuters - 316 words
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Article5031 2005-07-23 12 UNIT TRUSTS FUNDS Cm Global Healthcare Fund 0.981 Citi Gib fin Srvcs Fund 10% ABN Amro Asset Mgt (S'pore) 77,12 Star Europe Eqty!" !Z___ 0 824/ S S 2! K i™ Star Europe Bond 1.2321 r Bus liks Ptfl 03(US0> Star Eurooe Bal 1137/ Citibond 5 pore Class Y 0.979/5,031 words
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Page 12 Advertisements
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Advertisement26 2005-07-23 12 PIMCO Global Real Return Fund a fund that is hedged against global inflation. Allianz (ijj) Rated 5-star by Mercer Investment Consulting Global investors company rcgn.no *****7169/26 words
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ASIA-PACIFIC/WORLD
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Article, Illustration735 2005-07-23 13 CHRISTOPHER REED - LIGHT REED Even genius is more to do with what you are born with than what you acquire through diligence. Ask the freaks. CHRISTOPHER REED BARRING an accident or major upset, Lance Armstrong of Austin, Texas, is about to become the only cyclist735 words
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Article, Illustration549 2005-07-23 13 LONDON BLASTS Reuters AP [LONDON] News that police had shot a man at a London underground station a day after apparently failed bomb attacks shook financial markets yesterday, hitting stocks and raising demand for safe-haven bonds. The incident at least temporarily movedReuters; AP - 549 words
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WORLD WATCH
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72 2005-07-23 13 Reuters [NEW YORK] JPMorgan Chase Co on Wednesday reported a Q2 profit, reversing a year-ago loss that included a big legal charge. Trading revenue fell 50 per cent, a more dramatic decline than what other brokers have reported in a difficult trading environment. TheReuters - 72 words
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89 2005-07-23 13 Reuters [GENEVA] Indonesia's first human bird flu case, coupled with more birds dying elsewhere including Russia, are signs a long-dreaded global influenza pandemic may be approaching, the World Health Organisation (WHO) said yesterday. Health officials fear the virus will mutate and mix with humanReuters - 89 words
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81 2005-07-23 13 Bloomberg [PARIS] France Telecom may offer about 10 billion euros (5520.1 billion) for Grupo Auna's Spanish mobile unit Amena SA, Spain's No 3 mobile operator, said a source. Buying Barcelona-based Amena would add more than 9.6 million clients to the 64Bloomberg - 81 words
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64 2005-07-23 13 Bloomberg [NEW YORK] Maytag Corp, the No 3 US appliance maker, said its board was unable to determine whether an offer to buy the company from larger rival Whirlpool Corp is "financially superior". Such a determination is a prerequisite before it can negotiateBloomberg - 64 words
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336 2005-07-23 13 [MOSCOW] Bribery in Russia has multiplied by a factor of 10 during the past four years, and the amount of money changing hands is now twice the size of federal revenues, the Financial Times reports, citing an independent think-tank. In a repeat of336 words
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Article2379 2005-07-23 13 vol General Corp .0.49 unch 99 MB Ml W- C869) Genting .20.10 0.60 1761 George Kent .0.63 0.01 160 At M Realty 1.52 unch 0 GHL Systems .022 -0.01 304 039 unch 157 GlobetronicsTach .0.43 -0.02 848 ACP Industries 3.74 0.01 23 GlomacBhd 140 0.03 164 Advance Synergy2,379 words
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WORLD
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385 2005-07-23 14 But double-digit revenue growth expected in FY 06 Reuters [SEATTLE] Microsoft Corp's Q4 profit rose nearly 40 per cent on a tax gain and strong demand for personal computers using its software, but a weaker-than-expected revenue outlook fanned fears growth is slowing, and shares fellReuters - 385 words
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Article, Illustration657 2005-07-23 14 Mr Weill on the way out, but Citigroup still unable to name his successor NYT [NEW YORK] A month ago, Sanford I Weill basked in the limelight as more than 300 of Wall Street's power brokers, dignitaries and political insiders filledNYT; BLOOMBERG FILE PHOTO - 657 words
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294 2005-07-23 14 NYT [NEW YORK] Google continued its rapid growth in the second quarter, posting a profit of US$343 million, or US$ 1.19 per share more than a four-fold increase from the same period a year ago. Revenues doubled to US$l.3B billion from the quarterNYT - 294 words
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Page 14 Advertisements
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Advertisement1522 2005-07-23 14 MAN WAH HOLDINGS LIMITED (Incorporated in Bermuda with limited liability) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the Annual General Meeting of MAN WAH HOLDINGS LIMITED (the "Company") will be held atTDB Room, Lower Lobby, The Fullerton Hotel, 1 Fullerton Square, Singapore *****8 on Saturday, August 13,1,522 words
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Advertisement180 2005-07-23 14 E5O Leaders Talk What are the competitive benefits of branding? Why are brands so few and far between among Asian companies? And how do you 9° about bui,din 9 a product or corporate brand and then making it succeed? r To discover the answers to these questions, we invite you180 words
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MOTORING
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Article, Illustration573 2005-07-23 15 SAMUEL EE - SAMUEL EE looks underneath the sheet metal of the hulking 7 Series to find many significant changes in store SAMUEL EE OPINIONS may differ about how some recent BMW models look but virtually everyone agrees that what hasn't changed is the way they drive. In fact, some of573 words
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Article, Illustration259 2005-07-23 15 SAMUEL EE - By SAMUEL EE MAZDA and Alfa Romeo have launched new variants for two of their models. Eighteen months after it was introduced here, Mazda Motor has replaced the Mazda2 with a "refreshed" model. Called the Mazda2 SP, it incorporates cosmetic as well as a few structural design changes.259 words
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Article, Illustration522 2005-07-23 15 SAMUEL EE - Several compact Continental cars have been launched with the clutchless manual gearbox so popular with many European city cars. SAMUEL EE drives the two new arrivals SAMUEL EE "EXTREME Makeover" is the title of an American reality show, but it could very well be522 words
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Article, Illustration474 2005-07-23 15 THE Italians love their quirky little cars and none more so than the Fiat Panda. In fact, there was so much affection that this boxy little hatchback was produced for more than 20 years before finally being replaced by a curvier, more rfiodern model. The new Panda474 words
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Page 15 Advertisements
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Advertisement29 2005-07-23 15 AUTOMOeif ASSOCIATION OF SNGAPORE fl| I fll k'/ AAoftereMOTOtIMWfIUUtCE Be a member today 8t enjoy special benefits motoring prlvftegesi For more Information VtSIT: www.oas.com.sa, CALL *****811 or EMAIL motorlnsuranee^aas.com.sa29 words
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GOLF
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Article, Illustration977 2005-07-23 16 JUSTINE MOSS - The distractions of airborne objects apart, airport courses provide frequent flyers with the perfect opportunity to get out of the lounge and squeeze in a round, writes JUSTINE MOSS JUSTINE MOSS GOLF at airports is taking off. More precisely, an increasing number of golf courses are977 words
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685 2005-07-23 16 VEN SREENIVASAN - Leading golf clubs at lowest in recent history, social clubs also stuck By VEN SREENIVASAN MEMBERSHIP prices for Singapore golf clubs continued dribbling sidewards at record lows as interest in this asset class remains subdued, with buyers and sellers facing off in a stalemate.685 words
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Page 16 Miscellaneous
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Miscellaneous159 2005-07-23 16 CRYPTIC CROSSWORD DOWN 1 Implied I had not been indud- signment to an inferior posi- YESTERDAY'S SOLUTION ed in diplomacy (4) tKXI CO) Across: 1 Long shot, 6 Robust, 9 2 Centre of truck removed for 11 Study now simultaneously Hearer, 10 Recanted, 11 Casanova, parrot (4) (12) 12 Report,159 words
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WELLNESS
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Article, Illustration1189 2005-07-23 17 NGIAM YING LAN - Singapore residents are spoilt for choices when the usual fitness regimen gets too predictable, writes NGIAM YING LAN NGIAM YING LAN IT happens with every exercise routine. The predictability, the going-through-the-mo-tions, and the dreaded plateau. If it's time to get out of that exercise1,189 words
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SHOPPING
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Article, Illustration1389 2005-07-23 18 CORINNE KERK - CORINNE KERK discovers an eclectic collection of unique shops alongside the richly decorated Scarlet hotel CORINNE KERK EVEN as charming old Club Street is building up a reputation for the quirky boutiques and unique retail concepts found in its traditional shophouses, neighbouring Erskine Road isPHOTOS BY ARTHUR LEE EXCEPT FLAIR - 1,389 words
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PURSUITS
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Article, Illustration995 2005-07-23 19 GEOFFREY EU - PERSONAL SPACE A Cairnhill shophouse is simply, yet, suitably restored to yield a layout with seamless flow and a cosy and uncomplicated feel, writes GEOFFREY EU GEOFFREY EU ADAPTING an early-20th century shophouse to suit ine requirements of a 21st-century lifestyle has been an interesting proposition forPHOTOS BY CHRIS LOH - 995 words
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Page 19 Advertisements
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Advertisement706 2005-07-23 19 wine&dine withweekendßT r— —r -.4-" rt- ■> wii3r< is! Amalfi The Italian Pizza Place Fook Yuen Seafood Restaurant Meritus Mandarin Singapore Raffles Marina 3E River Valley Road, Traders Market (Clarke #02-19 Raffles City Shopping Centre. 333 Orchard Road. Tel: *****258 10 Tuas West Drive. TeL *****288 Quay), #01-05. TeL 6883706 words
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THE BUSINESS TIMES weekend
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Article, Illustration1888 2005-07-23 20 GEOFFREY EU - GEOFFREY EU investigates the evolution of the gastronomic society in Singapore and finds a fraternity of foodies bent on plenty of eating and drinking, preferably stretched over an extended period of four hours or more each time, while putting their best feet forward towards conviviality GEOFFREY EU1,888 words
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Advertisement9 2005-07-23 20 SHOPPING Take a walk down Erskine Lane pg 189 words
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