The Business Times, 6 August 2005

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Microfilm: NL26351
Total Pages: 20
1 20 The Business Times
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  • TOP STORIES
    • Article, Illustration
      Lock icon ACCS overstates FY 2004 profit by stunning $84m
      681 2 FY 2003 profit also exaggerated, by $18.8m [SINGAPORE] Accord Customer Care Solutions exaggerated its FY 2004 profit by a whopping $84.4 million and FY 2003 profit by $18.8 million, mainly due to a massive overstatement of its refurbishment business. The company yesterday
      ARTHUR LEE  -  681 words
    • Article
      Lock icon Correction
      38 2 4N the report "S'pore and South Korea ink free trade jfereement" (BT, July 8). we said that the agreement was signed in Singapore. That's incorrect. It was signed in South Korea. We are sorry for the error.
      38 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      633 2 Capita Land poised for another record year CAPITALAND, which yesterday posted a doubling in Q2 group net profit to $143.6 million, looks set to achieve another record performance for the full year. The Q2 performance was due mainly to higher net portfolio gains of $75.5 million from selling
      633 words
    • Article
      Lock icon KL anti-graft team's visit over car permits no big deal: Miti
      629 2  -  It's just a'routine' questioning of panel members By PAULINE NG in Kuala Lumpur OFFICIALS at Malaysia's Ministry of International Trade Industry (Miti) were yesterday trying to downpfay the significance of Thursday's visit by members of the Anti-Corruption Agency (ACA)
      629 words
    • Article
      Lock icon MARKETS DIGEST
      138 2 STI 2,338.87 (-23.52) ST INDEX FUTURES 2,326.00 (-14.00) SIMSCI 278.26 (-2.56) SIMSCI FUTURES 277.50 (-0.80) MARKETS Friday Change KLSE COMP 943.41 -1.82 NIKKEI 225 11.766.48 -116.83 HANG SENG 15.051.32 -60.22 SET INDEX 686.01 +1.44 JAKARTA COMP 1.174,09 -11-24 MANILA COMP 1,975.60 :2,40 SEOUL COMP 1,089.36 -22.03 SHENZHEN B
      138 words
    • Article, Illustration
      Lock icon Is meritocracy losing its foothold in Singapore?
      532 2  -  SATURDAY SOAPBOX More young people seem to believe so and that's a development that policy-makers should watch UMA SHANKARI Reporter AT A STUDENT symposium I attended recently, a session was devoted to the widening income gap in Singapore and whether it is cause
      532 words
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  • RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon For love of sport
      1429 3  -  With passion, conviction and no regrets, Arnaud Lagardere led then lost the Paris bid for the 2012 Olympics. The head of the papers-to-planes empire tells VEN SREENIVASAN how sport mixes with business VEN SREENIVASAN fjf Hj ASSUME full responsiJj bility for my role in the team,
      CHRIS LOH  -  1,429 words
    • Article
      Lock icon Competition? Bring it on
      516 3 "BOEING is a great company. They are very competitive. They pushed us to be better. They pushed us to be more competitive. They pushed us to be more aggressive than we have ever been in the past 10 years." Coming from the chairman of Boeing's archrival,
      516 words
  • Page 3 Advertisements
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      Lock icon Page 3 Advertisements Column 1
      75 3 /T"\ The Raffles Conversation is brought to you through a special 1 1 oTtIaC I arrangement with Raffles International Hotels and Resorts. |\rj I I ICS The Traveller's Palm in the Raffles International logo is an INTERNATIONAL apt symbol. Not only has water stored at the base of this palm
      75 words
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  • COMPANY NEWS
    • Article
      Lock icon Changes to accounting rules mulled
      493 4  -  Acquisition method seen for business combinations By WONG WEI KONG THE Council on Corporate Disclosure and Governance (CCDG) is proposing changes to accounting rules relating to business combinations, or transactions in which an acquirer obtains control of one or more businesses. To replace the existing
      493 words
    • Article
      Lock icon Venture posts 14.4% fall in Q2 net to $50m
      442 4  -  By CHEN HUIFEN VENTURE Corp yesterday posted a 14.4 per cent fall in its second quarter net profit to $50 million, in line with market expectations. Analysts polled by Reuters estimate net profit for the three months ended June 30 at
      442 words
    • Article
      Lock icon CapitaLand doubles Q2 earnings
      659 4  -  FINANCIAL RESULTS It expects record full-year profit; plans overseas Reit soon Reports by KALPANA RASHIWALA CAPITALAND yesterday announced a doubling in second-quarter net profit to $143.6 million thanks to higher net portfolio gains of $71.7 million from sale of investments and expects another record performance for
      659 words
    • Article
      Lock icon No waiver, lowering of acquisition fee
      301 4 CAPITALAND group has said that real estate investment trust (Reit) managers in its group will not be waiving or lowering acquisition fees of up to one per cent that they charge their respective Reits when they buy assets. The group's president and CEO Liew
      301 words
    • Article
      Lock icon People's Food H1 earnings up 16%
      368 4  -  By TEH HOOI LING CHINA-BASED pork producer People's Food has turned in a 16 per cent rise in interim net earnings to 418 million yuan (5585.3 million) on the back of a 14 per cent increase in revenues to 3.74 billion yuan. As for
      368 words
    • OTHER RESULTS
      • Article
        Lock icon Swissco trebles H1 net profit
        95 4 SWISSCO International has registered a trebling of its first-half net profit to $6.4 million, which comes on the back of a 70.7 per cent jump in revenue to $7.2 million. Earnings per share rose from 1.72 cents to 4.38 cents. The marine company's performance was
        95 words
      • Article
        Lock icon Baker Tech' interim earnings dive
        37 4 BAKER Technology reported a 92 per cent plunge in HI net profit to $46,000. Revenue rose 4 per cent to $27.8 million. The profit fall was partly attributable to generally higher expenses.
        37 words
      • Article
        Lock icon PSC'sQ2 profit jumps 22%
        81 4 PSC Corp yesterday said its second-quarter net profit was $1.84 million, a 22 per cent increase from 2004's second quarter. Revenue rose 3.9 per cent to $41 million. For the six months to June 30, profit was up 152 per cent to $2.9 million while revenue
        81 words
      • Article
        Lock icon San Teh posts $442,000 H1 loss
        49 4 SAN Teh has reported a HI net loss of $442,000, against a $2.2 million net profit in the previous corresponding period. Revenue rose 27.54 per cent to $47.2 million. The loss was partly caused by higher cost of sales and increased finance costs.
        49 words
      • Article
        Lock icon Boardroom's full-year profit falls 10%
        89 4 BOARDROOM, a secretarial-services company, reported full-year net profit of $4.6 million down 10 per cent on the year as revenue inched up 1.7 per cent to $18.6 million. Revenue rose 17.9 per cent in Q4 thanks to contribution from its new Malaysian and Hong Kong
        89 words
      • Article
        Lock icon Multi-Con Systems issues profit warning
        82 4 MULTI-CON Systems, which listed on Sesdaq less than three months ago, has issued a profit warning. The water treatment company said yesterday in a statement that net profit for the half year ended June 30 "is expected to be substantially lower than that in the
        82 words
    • Article, Illustration
      Lock icon SC Global bags Newton site
      469 5  -  PROPERTY MOVES Paying $13.5m for 15,500 sq ft site, it plans commercial development there By ALEXANDRA HO DEVELOPER SC Global, renowned for its high-end residential properties, is stepping put of its usual market to venture into commercial development It has won a tender for a
      ARTHUR LEE  -  469 words
    • Article
      Lock icon Suntec Reit's CDL, Wing Tai deal may not fly
      307 5  -  Share weakness, investor resistance cited as reasons By WEE LI-EN SUNTEC Real Estate Investment Trust's proposed $1 billion acquisition of office and commercial properties from City Developments and Wing Tai Holdings may fall through, said Merrill Lynch. The US investment bank
      307 words
    • Article
      Lock icon GuocoLand to set up KL Reit
      392 5  -  By PAULINE NG in Kuala Lumpur GUOCOLAND Malaysia has jumped on the'real estate investment trust bandwagon with plans to inject two buildings into a Reit. Subsidiaries of GuocoLand an associate of GuocoLand Singapore will dispose of their entire interest in HP Towers and Menara
      392 words
    • Article
      Lock icon MultiVision gets Olympic action with Huge buy
      390 5  -  By LISA TAN MAINBOARD-LISTED Multi Vision Intelligent Surveillance Limited yesterday announced that it will be helping Beijing step up security in six of 21 districts, in preparation for the 2008 Olympics. The deal to provide technical support services was awarded to Huge Hill
      390 words
    • Article
      Lock icon Chuan Hup shareholder transfers 45m shares
      244 5  -  By JEAN CHUA CHUAN Hup Holdings' substantial shareholder Psh Kwee Yong has transferred 45 million shares to his children, reducing his stake in the marine group from 8.7 per cent to 4.57 per cent After transferring 30 million shares to his son Peh Seng
      244 words
    • Article, Illustration
      Lock icon In broker jargon, a 'mild correction'
      498 5  -  STOCKS R SIVANITHY Senior Correspondent IF this week were looked at in isolation, the Straits Times Index's movements would read: two days of gains followed by three days of losses culminating in yesterday's alarming 23.52point drop to 2,338.97. Extend the frame of reference a
      498 words
    • COMPANY BRIEFS
      • Article
        Lock icon Hotel Prop names director
        80 5 HOTEL Properties has appointed David Fu Kuo Chen as a non-executive director with effect from yesterday. He was also appointed as a member of the nominating committee. Mr Fu. 44. was previously an alternate director to his father Peter Fu Yun Siak, the founder and chairman
        80 words
      • Article
        Lock icon Wepco profit plunges 37%
        115 5 WEPCO. an electro-plating and industrial engineering services provider, reported a 37 per cent year-on-year drop in revenue from S3.7 million to $2.3 million in the half year ended June 30. Net profit was down 99 per cent to $3,000 from $324,000. Earnings per share (EPS) was
        115 words
      • Article
        Lock icon GP Batteries sets up fund for workers
        116 5 GP BATTERIES International has set up a HK$ 10 million (S$2.1 million) trust fund to help its workers in Hong Kong and China should they suffer from occupational diseases related to battery production, it said. The amount includes about HK$4 million distributed to
        116 words
      • Article
        Lock icon CAO unit closes jet fuel tender
        110 5 CHINA Aviation Oil (Singapore) said its wholly-owned subsidiary, China Aviation Oil Trading Pte Ltd, has closed its latest physical jet fuel tender for deliveries in September to December 2005. This is the trading company's fifth tender for the year and received responses from 22
        110 words
      • Article
        Lock icon Greatronic manager resigns
        133 5 GREATRONIC said Chee Yoh Chuang has resigned as special manager of the company with effect from Aug 3. Mr Chee was hired by the troubled company in March to look after its day-to-day operations. Mr Chee, partner of Messrs Chio Lim Associates, was to "ensure business continuity"
        133 words
  • Page 4 Advertisements
    • Advertisement
      Lock icon Page 4 Advertisements Column 1
      1039 4 000,000 The Straits Times Recruit The first dollar to your first million I St.® I I H 111 A. J u "Notices IN THE SUBORDINATE COURTS OF THE REPUBIJC OF SINGAPORE I'rofoate Petition No. 631 of 1993 In the Estate of ONG AH HAI (NRIC No.SO *****3/J). deceased NOTICE OF
      1,039 words
    • Advertisement
      Lock icon Page 4 Advertisements Column 2
      104 4 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF CORFA SINGAPORE PTE LID company Registration no. *****0788 D PMBfIBV VOLUNTARYUQUDATION) NOTICE IS HEREBY GIVEN that the FINAL MEETING of the abovenamed company will be held at 371 Beach Road, #19-06 Keypoint, Singapore *****7 on 6th
      104 words
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  • PERSONAL INVESTMENT
    • Article, Illustration
      Lock icon BROKERS' TAKE
      898 6  -  Compiled by JOYCE KOH Singapore Telecommunications Aim s dose: $2.67 OCBC INVESTMENT RESEARCH, Aug 5 Singapore Telecommunications Ltd (Sing Tel) delivered an unimpressive set of results for IQO6 with revenue improving 6 per cent y-o-y to $3.2 billion. Ebitda (ie excluding associate contribution) was flat at $1.13 billion
      Source: Bloomberg  -  898 words
    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      936 6 For week beginning Aug 1 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS MMMtlal «W fcif Ma WMIHOUWWTram Shareholder SeA «MW» Nr Mm Mtm Stock Oat* Director Conv '000 th>S 000) < 00 JukenTech S-Aug-05 Wonq Keng Vm Buy 100 0.17 1388 1.21 1488 1.30 Fragrance Grp 4-Aug05 Lim Wan Looi
      936 words
    • Article, Illustration
      Lock icon When to sell STI using equity risk premium
      1384 6  -  SHOW ME THE MONEY ERP has been an excellent indicator of expected returns in the local market TEH HOOI LING Senior Correspondent ONCE again, the equity risk premium h a s proved to be a great indicator of value in the stock
      Compiled by BT  -  1,384 words
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  • BT INVESTMENT ROUNDTABLE
    • Article, Illustration
      Lock icon On the commodities trail
      2864 7 OVERVIEW COPPER, sugar and cotton may be the furthest things from your mind when you put together your investment portfolio. But an investment in commodities or resources could prove rewarding in the long run. Experts point to a structurally tight supply and burgeoning demand, although volatility
      2,864 words
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  • SINGAPORE NEWS
    • Article
      Lock icon Singapore and India should cooperate: prof
      422 8  -  Both countries are currently competing with each other By CHEN HUIFEN INDIA and Singapore should look at each other as more than mere markets to extend their reach, said Ravinder Zutshi, former adviser to the Indian government and now associate professor of management at
      422 words
    • Article, Illustration
      Lock icon Sweden's Radi opts to keep Thai facility
      399 8  -  By CHEN HUIFEN SWEDEN'S Radi Medical Systems has decided to keep manufacturing in Thailand, after months of contemplating whether to shift to Singapore. But it will still set up its regional headquarters here. "We have decided not to move the factory from Phuket
      399 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      5190 8 UNIT TRUSTS FUNDS Citi Pan-Europe Equity Fuid 1 -28/ Fi CitiSelect Asia Tilt Balanced 1.43/ Fi CitiSelect Asia Tilt Growth 1.4/ Fi AW Amro Asset Mgt (S pore) CitiSelect Asia Tilt Enh Grlh 1.33/ Fi Star Europe Eqty! 0.8IV otiSelecl Global Growth 1.1V Fi Star Eisope Bond 22« Cit. Global
      5,190 words
    • Article
      Lock icon More needs to be done to groom future S'pore leaders
      435 9  -  Gallup survey finds not enough emphasis placed on mentoring By UMA SHANKARI LEADERS here don't put much emphasis on nurturing the next generation to succeed them, a study by The Gallup Leadership Institute has found. Twenty-four leaders across the public
      435 words
    • Article, Illustration
      Lock icon Three peaks for Singapore, hip hip hooray!
      248 9  -  By LISA TAN AS A gift to Singapore on its 40th birthday, the Mac Coffee Tienshan Expedition 2005 team has named three virgin alpine peaks in Central Asia after uniquely Singaporean things and people. The first peak (4374 m) is named Temasek Peak,
      248 words
    • Article
      Lock icon Singapore must strive to preserve regional air hub status: minister
      345 9 AFP SINGAPORE'S status as one of Asia's main air hubs is threatened by the emergence of larger long-range aircraft and the upgrading of rival airports in Kuala Lumpur, Bangkok and Dubai, a senior official said yesterday. Balaji Sadasivan, Senior Minister
      AFP  -  345 words
    • Article
      Lock icon Tee Yih Jia in rice roll, yam cake venture
      346 9  -  By CHLOE CHOY EXECUTIVE chairman of homegrown Tee Yih Jia, Sam Goi, has been trying out a new recipe mixing flour with rice. The manufacturer of flour-based Asian food products such as spring rolls and crepes yesterday announced that it has
      346 words
    • Article
      Lock icon ST journalist charged with spying
      367 9  -  By JEAN CHUA THE chief China correspondent for The Straits Times was formally charged yesterday by the Chinese government with spying for Taiwan, after being detained for more than three months. If convicted of espionage, Hong Kong-based Ching Cheong may be expelled from the mainland,
      367 words
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  • Page 9 Advertisements
    • Advertisement
      Lock icon Page 9 Advertisements Column 1
      28 9 get a Leading Edge Ycxjr sailing schedules get wider attention in The Business Times shipping pages Call joe Wong at 6319-2062 or Bernard Ongat 631 9-1 645 shpfvjgTMß
      28 words
    • Advertisement
      Lock icon Page 9 Advertisements Column 2
      115 9 BT's National Day specials THE FLOOR WONT > BE EMPTY ON AUG 9* You can cash in on some big deals one them: the Novita cordless vacuum cleaner at $100 $140). And 39 other deals from Tangs readers., only day's issue, which also comes with our 24-page National Day Special:
      115 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Hutchison seen eyeing M'sian 3G licence
      443 10 2 such licences, at a fee of RM55m, are up for grabs from later this month Bloomberg. Reuters [HONG KONG] Hutchison Telecommunications International Ltd plans to buy a high-speed wireless, or 3G, licence in Malaysia, Ming Pao Daily reported, citing a Goldman Sachs Group
      Bloomberg.; Reuters; ZAOBAO  -  443 words
    • Article
      Lock icon Jakarta aims to sell stake in Bank Central for 3t rupiah
      371 10 Bloomberg [JAKARTA] Indonesia expects to raise at least 3 trillion rupiah (Ssslo million) selling its 5.02 per cent stake in PT Bank Central Asia, the country's biggest lender by market value, at a 30 per cent premium to finance
      Bloomberg  -  371 words
    • Article
      Lock icon SGX MAINBOARD
      7452 10 Transaction date: Aug 5 S2-WV T«l Latt Vol D|) lact Quote GfOiv Mf GrYld MM MCap ftiqli low Codo Company Solo fOOO) WgN low »wy«r SdMr CV Pit Urn 10 3 5716 1st Software 5c 3 -0.5 1358 3 3 3 3.5 12 32.5 10.5 3148 8TelecomUS2c —11.5
      7,452 words
    • Article
      Lock icon Red Devils open restaurant in Jakarta
      181 10 AFP [JAKARTA] Indonesia's legions of Manchester United fans can now sate their thirst for all things Red Devilish as the Premier League side have opened their first restaurant-bar in Jakarta just ahead of the new season. Besides food and drink, the new venue run
      AFP  -  181 words
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  • GREATER CHINA
    • Article, Illustration
      Lock icon China central bank funds ICBC bail-out
      321 11 It lends 4 bad debt buyers 459b yuan to take over state-owned bank's bad loans Reuters [BEIJING] China's central bank lent the country's four debt clearers 459 billion yuan (5593.5 billion) to finance their June purchase of bad assets from top state lender ICBC,
      Reuters; REUTERS  -  321 words
    • Article
      Lock icon SGX
      6611 11 Transaction Date: Aug 5 MOST ACTIVE STOCKS VOLUME VALUE STX PanOcean KW100 65.209.000 SingTel 15c 83.146.830 Wee Poh 0.5c 45.659.000 DBS Grp 76.212.800 SembKimtrans 10c 33.202.000 STX PanOcean KW100 67.781.740 Biosensors USO.OIc 31.377.000 Capita Land 54.815.150 SingTel 15c 31.230.000 Hyflux5c 35.835.780 CapitaLand 18.372.000 Keppel Corp 50c 35.835.300 Noble Grp
      6,611 words
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon India launches world's 'cheapest' PC at S$376
      399 12 [NEW DELHI] India upped the ante in the fight to lower personal computer prices on Thursday, when it launched what the government claimed was the world's cheapest PC priced at 9,900 rupees (*****) according to Sify News. The computer's specifications are: a IGHz
      AP  -  399 words
    • Article
      Lock icon Taiwan selling 13% of Chunghwa to pare deficit
      428 12 US$2.6b stake sale tests investor demand for technology shares Bloomberg [HONG KONG] Taiwan's government started selling a 13 per cent stake in Chunghwa Telecom Co, the island's biggest telephone company, moving to end state control as it raises funds to pare a
      Bloomberg  -  428 words
    • Article, Illustration
      Lock icon Star India banks on Bachchan to garner viewers
      629 12 He will host Hindi take of Who wants to be a millionaire Bloomberg [MUMBAI] Star India Pvt, the local unit of Rupert Murdoch's News Corp, expects celebrity quiz master Amitabh Bachchan to help it gain weekend viewers for the second series of
      Bloomberg; REUTERS  -  629 words
    • NOTE BOOK
      • Article
        Lock icon China abolishes VAT, rebates on gold, precious metals
        92 12 Reuters [SHANGHAI] China has abolished a value-added tax (VAT) and the VAT rebate on the export of gold, platinum and other precious metals for jewellery and industrial and chemical applications, according to a statement by the State Administration ofTaxation. The change is
        Reuters  -  92 words
      • Article
        Lock icon China may allow companies to sell more debts in 2005
        113 12 Bloomberg [SHANGHAI] China may allow companies to sell a record amount of debt this year, the China Securities Journal reported yesterday, citing an unidentified investment banker who helps to underwrite bond sales. The government may allow companies to issue another
        Bloomberg  -  113 words
      • Article
        Lock icon Hong Kong actors get stellar billing in WWII drama
        100 12 AFP [HONG KONG] A Canadian director has chosen Hong Kong's top actor Chow Yun-fat and ex-Bond girl Michelle Yeoh to star in a World War II drama, a press report said yesterday, Roger Spottiswoode, who directed "Tomorrow Never Dies" starring Ms
        AFP  -  100 words
      • Article
        Lock icon Intuit opens Bangalore development centre
        90 12 Bloomberg [BANGALORE] Intuit Inc the world's biggest maker of tax-preparation software has opened its software development centre in the southern Indian city of Bangalore. The company plans to hire software engineers for the 21,000-sq-ft centre, Nilesh Thakkur, head of Intuit's operations in India, said at
        Bloomberg  -  90 words
    • Article
      Lock icon Reliance plan could restore capacity cushion for refiners
      388 12 Reuters [SINGAPORE] Indian refiner Reliance's plan to double the capacity at its huge plant may signal a turning point for oil prices, helping restore a capacity cushion for the world's overstretched refiners by the end of this decade. Reliance Industries Ltd said
      Reuters  -  388 words
    • Article
      Lock icon China's Industrial Bank shareholders to sell stake
      227 12 Reuters [SHANGHAI] Two of the biggest shareholders in China's Industrial Bank Co, part-owned by an arm of HSBC Holdings Pic, plan to sell a combined 2.5 per cent holding ahead of the lender's proposed IPO, bank executives said yesterday. Hunan Electric Power Co
      Reuters  -  227 words
  • Page 12 Advertisements
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  • ASIA-PACIFIC/WORLD
    • Article, Illustration
      Lock icon Pachinko: gold rush ending?
      379 13 But industry still raking in the cash, and game makers are unfazed Reuters [TOKYO] Mika Jinbo punches the three buttons on the slot machine in front of her, watching the reels spin as the words "high probability" appear on a display above. "That means my odds
      Reuters; REUTERS  -  379 words
    • Article
      Lock icon Stocks keep rising despite oil hikes
      671 13  -  By /NDREW MARKS in New York WHILE analysts debate where the oil price is headed, the US economy and its stock markets have been movingly defiantly up. Even as the oil price surged as much as 25 per cent in the last two months
      671 words
    • Article
      Lock icon Nikkei dips as Koizumi puts off vote
      430 13  -  By ANTHONY ROWLEY in Tokyo TOKYO financial markets went into a tailspin yesterday as Prime Minister Junichiro Koizumi delayed putting legislation on the controversial postal privatisation plan to a critical vote in Japan's upper house of parliament. Mr Koizumi is lobbying hard for
      430 words
    • Article
      Lock icon Foreigners with terror links will be deported, says Blair
      291 13 AP. AFP [LONDON] Foreigners who preach hatred or sponsor violence could be deported under strict new measures that Prime Minister Tony Blair announced yesterday. A month after terror attacks killed 56 people, he warned hardline clerics in the country that "the
      AP.; AFP  -  291 words
    • Article
      Lock icon US reports strong jobs growth in July
      266 13 LATEST US DATA Reuters [WASHINGTON] US job growth picked up last month as employers added 207,000 workers to their payrolls, a healthy gain that outstripped Wall Street expectations, a government report showed yesterday. The unemployment rate held steady at the 2 3 /4-year
      Reuters  -  266 words
    • Article
      Lock icon Harrah's Q2 profit up 17%
      198 13 Bloomberg, Reuters [NEW YORK] Harrah's Entertainment, the largest US casino company, said its second-quarter profit rose 17 per cent after its Atlantic City and Las Vegas casinos lured more gamblers. Net income at the owner of the Harrah's and Horseshoe casinos climbed to US$lO5.B million
      Bloomberg,; Reuters  -  198 words
    • Article
      Lock icon BURSA MALAYSIA
      2319 13 VOl General Corp .0.44 -0.01 104 A»iS RM fOOO) Gentinq JO *0 030 386 George Kent .0*2 -0.01 50 Aft M Realty 1,44 unch 1 GHL Systems 022 -0*1 1246 Abric *39 -0.01 23 Globetronks Tedi *39 unch 821 ACP Industries .0.71 unch 0 Gkxnac Bhd 1.61 -0.03
      2,319 words
    • Article, Illustration
      Lock icon Dwindling world of 'real' news
      790 14  - Dwindling world of 'r eal' news LIGHT REED Al Gore's juvenile Current TV deals only with topix tickling Americans' fickle fantasies CHRISTOPHER REED AS TELEVISED news in America approaches the intellectual level of a fairground barker, the nation has just lost one of the last of its more balanced and
      790 words
    • Article, Illustration
      Lock icon Greenberg hits back at AIG directors over income restatement
      411 14 NYT [NEW YORK] Maurice R Greenberg, the former chairman and chief executive of the giant insurer American International Group, challenged the rationale for its US$4 billion income restatement on Thursday, calling many of the items "exaggerated and unnecessary". In a document
      NYT  -  411 words
    • Article, Illustration
      Lock icon Exxon CEO to retire at year-end, leaving the firm at its best form
      749 14 Lee Raymond will be succeeded by Rex W Tillerson Reuters, NYT [NEW YORK] Exxon Mobil Corp said on Thursday that chief executive Lee Raymond would retire at the end of the year. He will be replaced by
      Reuters,; NYT; Source: NYT data Bloomberg chart  -  749 words
    • Article
      Lock icon Googling a chef isn't working for the top search engine
      231 14 LAT-WP [SAN FRANCISCO] Google Inc's stock is cooking, but the Internet giant is having trouble in the kitchen. Google on Thursday announced a global search for two executive chefs to oversee preparation of the company's most celebrated employee perk: free
      LAT-WP  -  231 words
    • Article
      Lock icon BA, easyJet jack up earnings forecast
      275 14 Reuters [LONDON] British Airways and low-cost rival easy Jet raised earnings forecasts yesterday after demand for flights, rising ticket prices and cost cuts helped two of Europe's biggest airlines offset the impact of soaring fuel prices. BA, Europe's secondlargest airline, beat forecasts with a
      Reuters  -  275 words
    • Article
      Lock icon Microsoft plucks new COO from Wal-Mart
      443 14 Appointment shows Microsoft is a growth company NYT [NEW YORK] Microsoft on Thursday plucked its new chief operating officer from Wal-Mart, a kindred corporate giant that shares the challenge of finding new growth despite its size and market dominance. The executive, Kevin Turner, 40,
      NYT  -  443 words
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  • MOTORING
    • Article, Illustration
      Lock icon 40 years of Singapore's car scene
      1340 15  -  The car-buying public will continue to rev their engines for a little while longer in the Noughties, says SAMUEL EE SAMUEL EE SINGAPORE'S motoring history has been peppered through the decades with abbreviations like ERP, CBD, f ECP, OMV, ARF and COE. But in
      FILE PHOTO; FILE PHOTOS  -  1,340 words
    • Article, Illustration
      Lock icon Road machos from Lambo and Audi
      210 15  -  By SAMUEL EE LAMBORGHINI has unveiled a limited special edition of the Gallardo. Only 250 units of the Lamborghini Gallardo SE will be made. Three are headed for Singapore and two have already been booked. Featuring distinctive two-tone paintwork, it will cost J 00,000
      210 words
    • Article
      Lock icon AutoTrail 2005 roars off at Marina
      272 15  -  By YANG JIEWEN THE inaugural Auto Trail motorsports event, starting today and ending on Aug 9, will form part of this year's 40th National Day Celebrations. Held at Marina South, Auto Trail 2005 will have three anchor events Auto Drag, Auto Sound and Autoßabe.
      272 words
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  • GOLF
    • Article, Illustration
      Lock icon At home away from home
      1067 16  -  Clubs with reciprocal memberships offer the attractive perk of access to some exclusive overseas courses, as JUSTINE MOSS discovers JUSTINE MOSS CALL it reciprocity without reproach. An undeniably appealing aspect of belonging to a private golf club is having the reciprocal rights to play, at
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  • Page 16 Miscellaneous
    • Miscellaneous
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      110 16 CRYPTIC CROSSWORD DOWN 9 YESTERDAY'S SOLUTION Across: 1 Antiques, 5 Pundit, 9 1 1 1 Nice on the heather to be Reliable, 10 Apathy, 12 Steamy, 13 catching fire! (8) War chest 15 Britain 16 Neon, 20 Down: 1 Across, 2 Tiller, 3 Quag- cestor, 22 Duncan, 23 Karate, 24
      110 words
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  • WELLNESS
    • Article, Illustration
      Lock icon All the better to nourish with
      1085 17  -  An apple a day is no longer enough to keep young minds and bodies healthy. A homeopathic pediatrician tells CHEAH UI-HOON that supplementation with anti-oxidants is key as the effects of pollution undermine the efforts of parents to provide proper nutrition CHEAH UI-HOON IF
      1,085 words
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      812 17 mm Bi wine&dine withweekendBT -<<§». ■■■B H|| Azuma Japanese Restaurant Fook Yuen Seafood Restaurant Le Vigne #03-07 Cuppage Plaza. Tel: 6738 9395 #02-19 Raffles City Shopping Centre. *02-02 Ta Tannin Road, rSw culture and savour the popular Relax with a meal of authentic Japanese fare! Tel: *****661 Tel: 9875 2699,9768SI
      812 words
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  • SHOPPING
    • Article, Illustration
      Lock icon All natural, all Asian
      991 18  -  Made in Thailand with quintessentially Asian components like rice bran oil, lemongrass and ginger, Harnn Thann hopes to win consumers with its specialist products. CORINNE KERK reports CORINNE KERK THEY are both successes in their own right. One is an architect with a masters degree from
      991 words
    • Article, Illustration
      Lock icon White hot concept
      672 18  -  CORINNE KERK looks in on a new store where cool is de rigeur CORINNE KERK HAJI Lane is not one of those places which leaves a deep impression on you you vaguely remember driving past it while looking to park along neighbouring Arab Street, but other than
      672 words
    • IN STORE
      • Article, Illustration
        Lock icon Sling it along
        75 18 The renowned cocktail is now available as an alcoholic mix that is easily transformed into the real thing by adding pineapple juice and ice. The enticing, bright red mix is available exclusively at 15 Cheers convenience stores at a promotional price of $18.90 per package that contains
        75 words
      • Article, Illustration
        Lock icon Cuffs with class
        68 18 Just when they think you've exhausted all your fashion statements, show them what you've got up your sleeves: a pair of exquisite Giorgio Mandelli cufflinks. From Italy, the pair of silver plated cufflinks with enamelled inlay is one of assorted designs available at a special price of
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      • Article, Illustration
        Lock icon Make the most of it
        78 18  -  Compiled by MICHAEL CHUA Alluring yet subtle, the Triumph Glamour Curves Maximizer set features the low plunging push-up bra and matching briefs, both with diamante details. Available in nude and black, it's specially priced now at $40 (usual $72.80), between Aug 9 and Aug 21.
        78 words
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  • PURSUITS
    • Article, Illustration
      Lock icon View to a thrill
      1445 19  -  CHEAH UI-HOON and CORINNE KERK check out where to park yourself for the best of the National Day festivities CHEAH UI-HOON,CORINNE KERK SO you're stuck in Singapore this weekend, while others have flown off on a four-day weekend which stretches into National Day on Tuesday. Oh,
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  • THE BUSINESS TIMES weekend
    • Article, Illustration
      Lock icon Much ado about dumplings
      803 20  -  Shanghai's reknowned Nanxiang xiao long bao are on their way to Singapore. CHEAH UI-HOON samples the shop's legendary dumplings CHEAH UI-HOON EXPECT to get more bao for your buck when Shanghai's wellknown Nanxiang Man Tou Dian opens shop at Parco Bugis Junction in early September. That's
      803 words
    • Article, Illustration
      Lock icon Healthy vines, great grapes
      1060 20  -  Eschewing conventional fertilisers, Robert Eden has produced top-quality wines out of wholly natural means. GEOFFREY EU reports GEOFFREY EU ROBERT Eden knows manure. More specifically, he knows cow manure especially when it comes from bovines grazing on lush pastures in the Pyrenees, the picturesque range of
      ARTHUR LEE  -  1,060 words
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