The Business Times, 2 September 2004
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2004-09-02
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The Business Times
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Title Section15 2004-09-02 1 THE BUSINESS TIMES SINGAPORE 85 cents online at http://business-times.asial.com.sg MITA (P) 023/03/2004 Thursday, September 2,200415 words
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Article187 2004-09-02 1 SHIPPING TIMES is in the main paper BT now comes in one big section, with Shipping Times incorporated into the main paper. Aviation News: Page 20 Shipping News: Page 21 Shipping Schedules: Pages 26-29 What's new Three-minute Digest A self-contained summary of the day's news for187 words
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Article136 2004-09-02 1 sn 1,***** (+11.14) ST INDEX FUTURES 1,935.00 (+15.00) SIMSCI 232.99 (+1.51) SIMSCI FUTURES 233.66 (+1.90) MARKETS Wednesday Change KLSE COMP ***** +0.40 NIKKEI 225 11.127.35 +45.56 HANG SENG 13,023.87 +173.59 SET INDEX 628.81 +4.22 JAKARTA COMP 775.09 +2039 TAIPEI WP1 5.858.14 +92.60 AUST ALL ORD 3,582.60 +19.70 BOMBAY136 words
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517 2004-09-02 1 SIOW LI SEN - Poaching of staff prompts bank to build up own supply channel of talent By SIOW LI SEN [SINGAPORE] Fed up with the shortage and the constant poaching of experienced staff, Citigroup Private Bank has launched an unprecedented drive to recruit mid-career non-bank-ers.517 words
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Article, Illustration797 2004-09-02 1 DANIEL BUENAS - BT Exclusive CapitaLand, Hong Leong said to be working with foreign operators By DANIEL BUENAS [SINGAPORE] Local property developers look set to muscle in on a Singapore casino by joining forces with foreign gaming operators, industry sources say. BT understands that at797 words
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Page 1 Advertisements
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Advertisement146 2004-09-02 1 PENNY STOCK SYNDROME Is the local bourse a penny-stock ■KUClub? PG4 'i' e m M. -~~issszr- ll v CT\V >H^ MKgg 4 m!V jl I IL. 'iC, J fc^ nJHB ■■n JLi U|3 us® V^W^llsMbt——~? c [I Whl'- <t w t ,VHK»' jPt. a v y/ 4 \fejo'j& %J I146 words
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Advertisement11 2004-09-02 1 maggSM SOARING OIL PRICES Ffear factors keep oil prices high PGI211 words
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TOP STORIES
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Article, Illustration649 2004-09-02 2 KALPANA RASHIWALA - Republic's first-mover gain wearing thin with rivals popping up By KALPANA RASHIWALA [SINGAPORE] The Monetary Authority of Singapore is sharpening the rules on Real Estate Investment Trusts (Reits) to ensure the island keeps its edge as a Reits centre in Asia, as neighbouring marketsPhoto illustration: CHRISTIAN INTON and WANG HUI FEN/ST - 649 words
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Article668 2004-09-02 2 Good times are back for S'pore tour operators SINGAPORE'S major tour operators expect revenue this year to surge close to pre-Sept 11 levels. Barring unforeseen shocks, next year could be even bptter. TOP PG 3 S'pore economy set to expand 8-9%: Hng Kiang SINGAPORE'S economy is on track668 words
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Article, Illustration720 2004-09-02 3 VINCE CHONG - Industry-wide revenue seen rebounding to pre-9/11 levels By VINCE CHONG [SINGAPORE] 2004 is turning out to be a bumper year for some of Singapore's major tour operators, which expect revenue to surge close to pre-Sept 11 levels. And if nothing goes wrong, the industry could720 words
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Article, Illustration603 2004-09-02 3 CHUANG PECK MING - 8-9% target this year set to be met; but growth may be hit next year By CHUANG PECK MING [SINGAPORE] Singapore's economy is on track to grow 8-9 per cent this year despite higher oil prices, Trade and Industry Minister Lim Hng Kiang603 words
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Page 2 Advertisements
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Advertisement455 2004-09-02 2 Banking Laws and Regulations Date Monday, 4 October 2004 Against the backdrop of a challenging business environment and constandy 1.30pm to 5.30pm evolving regulatory requirements, financial institutions often face issues of interpretation and application of new laws and regulations. Tuesday, 5 October 2004 9.00 am to 5.30pm To assist banks455 words
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Advertisement56 2004-09-02 2 Incorporation services in all major jurisdictions Global network of offices Ready-made companies available Management and administration services China business registration Accounting and trade support services Virtual office solutions Personal and corporate bank introductions TO ARRANGE A FREE CONSULTATION CONTACT: SimonneToh T:+6s 6535 3382 F:+6s 6535 3991 E: singapore©ocra.cofn.sg 24 Raffles56 words
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Advertisement37 2004-09-02 2 I i I [J) felling I car? Reach out to more readers by advertising in The Straits Times Classified. Call our C.A.T.S. hotline at 1800-289-9988 and C.A.T.S. our friendly sales personnel Buy It. Sell It. Find It.37 words
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Page 3 Advertisements
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Advertisement107 2004-09-02 3 AS a J VVV VjM ttfiffT" CTH Whatever you need moving to China, we've been doing it for over 20 years. Today we have the tightly-knit logistics China. Which makes us you every logistics option available. Whether it's imports, exports or domestic deliveries, documents, parcels, air or ocean freight, DHL107 words
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COMPANY NEWS
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Article, Illustration732 2004-09-02 4 TAILA KRISHNAKUMAR - Some argue S'pore still among most investible Asean markets By TAILA KRISHNAKUMAR SOME market watchers call the local bourse a penny-stock club and they have their reasons. Although the Straits Times Index (STI) the widely followed market barometer now stands at732 words
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924 2004-09-02 4 KENNETH LIM - But low trading volume leaves analysts unimpressed By KENNETH LIM THE Singapore bourse ended August with a market capitalisation of $330.6 billion the highest in more than three years but traders and analysts say the low trading volumes are nothing to shout924 words
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725 2004-09-02 4 R SIVANITHY - HOCK LOCK SIEW By R SIVANITHY A FEW years ago, this column highlighted the evolution of the local stock market into two tiers, split between a small number of large, liquid blue chips and a large number of penny stocks but with very little725 words
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Article, Illustration593 2004-09-02 4 Share also buoyed by speculation of Temasek bid Reuters [SINGAPORE] Property stocks surged yesterday, led by a 6.3 per cent rise in Capita Land Ltd following changes to public housing policy and vague speculation of a Temasek bid for the city-state's top developer. CapitaReuters; Source: Bloomberg - 593 words
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Article, Illustration389 2004-09-02 5 JOYCE KOH - Keppel Telecom and SPH could receive about $16.4m each By JOYCE KOH MOBILEONE has proposed a payout of up to $115.7 million to shareholders through a capital reduction exercise. Singapore's secondlargest cellphone operator said yesterday that it plans to cancel 73.7 million389 words
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Article, Illustration457 2004-09-02 5 Aussie unit also cuts domestic rates to woo Telstra users Bloomberg SINGAPORE Telecom's Optus unit in Australia slashed international calling rates by as much as 85 per cent and lowered domestic rates as it seeks to win customers from Telstra Corp.Bloomberg; AFP - 457 words
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Article, Illustration425 2004-09-02 6 KENNETH LIM - Raffles LaSalle unit could still be a 'wild card' despite loss: analysts By KENNETH LIM CHEW Hua Seng is now the new chief at Hartford Holdings. And with his appointment as chief executive yesterday at the listed business education specialist, Mr Chew, whoFILE PHOTO - 425 words
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387 2004-09-02 6 TAILA KRISHNAKUMAR - This compares with 12-month loss of $1.5m till Dec 2002 By TAILA KRISHNAKUMAR DEBT-LADEN Ho Wah Genting International posted a net loss of $2.5 million for the 18 months ended June 30. It said yesterday that the 18-month period was because of387 words
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COMPANY BRIEFS
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Article72 2004-09-02 6 Reuters [BANGKOK] Top Thai broker Kim Eng Securities (Thailand) said yesterday it expects 2004's net profit to be higher than the 893 million baht(Ss36.7 million) earned last year, thanks to a rising market share. The firm, the Thai unit of Singapore's Kim Eng Holdings, madeReuters - 72 words
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40 2004-09-02 6 GREAT Eastern Holdings' wholly-owned insurance subsidiary, Great Eastern Life Assurance Company Ltd, plans to set up a representative office in Hanoi by the end of this month after receiving approval from the Vietnamese government.40 words
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65 2004-09-02 6 HI-P International has entered into an agreement with Samkwang Industry Company to establish a joint-venture company which will manufacture in-mould decoration lenses (IMD lenses) mainly in China for mobile phones. Samkwang, a Korean company, provides moulding and surface finishing services like65 words
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66 2004-09-02 6 THE sale and transfer to SPH Magazines of the shares and magazine titles and marks of Blu Inc Group, now known as Vantage Corporation, was completed yesterday, according to a statement released by Singapore Press Holdings (SPH). SPH Magazines, which is a wholly-owned66 words
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48 2004-09-02 6 CSA Holdings has acquired 4,600 shares of RMI each in the capital of Computer Systems Advisers Bhd (CSAM) at an average RM3.1487 per share from the open market from Aug 30 till yesterday. CSA now holds 49.6 per cent of CSAM.48 words
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Article, Illustration42 2004-09-02 6 RAFFLES Holdings has appointed Tan Ngiap Joo (above) as a non-executive director with effect from yesterday. Mr Tan is currently the deputy president of OCBC Bank and concurrently the chief executive officer of Bank of Singapore.42 words
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50 2004-09-02 6 INNO-PACIFIC Holdings yesterday completed the sale of its Shakey's restaurant franchise in the United States to Jacmar Companies, Shakey's Restaurants Franchising Company and Jacmar Covina for US$4.5 million cash. The company had obtained shareholder approval for the sale at an EGM held on Aug 20.50 words
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Article4128 2004-09-02 6 UNIT TRUSTS FUNDS Credit Agricole Asset Mgt S pore Ltd CAAM Asia Vision Fund!" 1.015/1 067 AMI Aimo Asset Mgt (S'pore) DCS Asset Mgt Star Europe Eqty!** 0.703/ Shenton Twin ON 1.39/1 446 Star Europe Bond 1.258/ Japan Growth!** 0 905/0941 Star Europe M 1.025/ Mendaki Cap Pro Fd *****/4,128 words
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Article, Illustration703 2004-09-02 7 VEN SREENIVASAN - CaptiveVision gets regulators' nod to make general offer for SkyWest By VEN SREENIVASAN AFTER two months of uncertainty, mainboard-listed A-Sonic Aerospace's bid to invest in an Australian lowcost carrier (LCC) appears to be back on track after the regulatorsREUTERS - 703 words
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434 2004-09-02 7 JEAN CHUA - Second fund-raising this year meant for business expansion By JEAN CHUA CHARLES Chan's PSC Corp is raising funds for the second time this year, proposing to issue up to some 544.3 million rights shares for an estimated net proceeds of $29 million.434 words
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Page 5 Advertisements
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Advertisement87 2004-09-02 5 can assist you with oMMn structures, shelf companies WSt f British Virgin Islands Cayman Islands ZM Bahamas Mauritius Hongkong Samoa Full nominee, management, secretarial, banking and corporate administration services are available. We also specialize in offshore trusts for assets protection estate planning. For further information and immediate service please contact:87 words
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Advertisement605 2004-09-02 5 "A delicious blend of expertise, variety and great bargains." It's all at the International Wine Fair 2004 at Rajjles City. We've harvested popular labels and vineyards from the old world, to the new world and set them amongst two dozen booths. Whether you're new to wines, an experienced connoisseur, or605 words
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Page 6 Advertisements
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Advertisement15 2004-09-02 6 PIMCO Emerging Markets Bond Fund rated 5-star by Mercer Investment Consulting Allianz Dresdner Asset Management15 words
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Page 7 Advertisements
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Advertisement19 2004-09-02 7 W Michelin Star Guest Chef Br Mm Vineet Bhatia 1 st to Bth September 2004 Official partners BRITISH AIRWAYS19 words
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Advertisement103 2004-09-02 7 vulCain MA-NbFACTDEPIIS 1 8 5s THE PRESIDENTS' WATCH r t Cricket Aviator Dual Time in IBK pink gold ALWAYS AT THE RIGHT TIME IN THE RIGHT PLACE Today, wearing a Vulcain watch still implies belonging to a GREAT LINEAGE OF EXCEPTIONAL MEN. IT IS FOR THEM THAT VuLCAIN HAS CREATED103 words
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SINGAPORE MARKETS
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Article, Illustration548 2004-09-02 8 R SIVANITHY - STOCKS Though market breadth and volume are encouraging, Wall Street's uncertainty is still a spectre R SIVANITHY Senior Correspondent AS the Straits Times Index nears its previous three-year high, the inevitable question that will form in the minds of most market players is whether thisSource: Bloomberg - 548 words
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Article, Illustration431 2004-09-02 8 OTHER SINGAPORE INDICES Sep 1 VALUE CLOSE BT OB/OS 434.00 +95.00 BT CADI -*****.00 +84.00 BT 10-day MA -*****.00 +43.00 All-SG Equities 504.27 +4.95 SG Equities Elect 160.90 +0.21 SG Equities Fin 1589.88 +16.33 SG Equities Prop 469.20 +11.12 SIMSCI 232.99 +1.51 SiMSCI Futures 233.60 +1.90 MOST ACTIVE STOCKS VOLUME431 words
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Article, Illustration996 2004-09-02 8 KENNETH LIM - Compiled by KENNETH LIM Ascendas Reit Sept 1 close: $1.52 A-REIT appears on track to achieve its target size of Ss2 billion by endFYOS. It is acquiring Techpoint, a light industrial building at 10 Ang Mo Kio St 65 from parent Ascendas for Ss7s million, bringing total portfolioSource: Bloomberg - 996 words
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Article, Illustration498 2004-09-02 8 CURRENCIES Reuters [SINGAPORE] Asian currencies gained modestly for a second day on Wednesday, with the New Taiwan dollar making the most significant move, holding their strength even as the yen pared part of its offshore rally. Trade in major currencies, which normally sets the toneReuters; AFP - 498 words
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TRADES TO WATCH
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162 2004-09-02 8 PRUDENTIAL Asset Management's deemed shareholding in Europtronic Group, a mainboard-listed electronic component manufacturer and distributor, has been growing steadily since June this year. Between June 28 and Aug 30, the fund manager's stake grew to 9.02 per cent from 8.14 per cent after about 3 million162 words
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156 2004-09-02 8 FREIGHT Links Express Holdings chief executive Eric Khua's Vibrant Capital has become the majority shareholder of the logistics group after exercising an option to subscribe for 250 million new shares at 2.5 cents apiece yesterday, or a total of $6.25 million. Vibrant, which injected $5.86156 words
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178 2004-09-02 8 KENNETH LIM - Compiled by KENNETH LIM THE Singapore branch of the Bangkok Bank Public Co has become a substantial shareholder of loss-making Media Stream after it acquired 30 million shares that had been charged as collateral by a mortgagee. The shares were acquired at 3178 words
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BLUE CHIPS
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Article, Illustration1473 2004-09-02 9 WONG WEI KONG - The Thai cell phone player's new subscriber numbers have dropped, and may affect the stock's fine run, says WONG WEI KONG WONG WEI KONG TOTAL Access Communication (TAC), the best performing blue chip on the Singapore Exchange in 2003, has continued chalking up impressive gains thisSource: Bloomberg - 1,473 words
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Article1367 2004-09-02 9 STRAITS TIMES INDEX STOCKS Stock none Wt don Change Stock imm Wt Oom gang* Allgreen 50c 0.32 1.090 +0 030 NOL 2.10 2.820 BIL Intl US20c 049 1.000 -0.030 OCBC 10.71 13.500 +0200 CapitaLand 1.18 1.690 +0.100 Parkway H 25c 0.62 1-280 Chart SemiCond 26c 0.87 1.090 People's Food HK50c1,367 words
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SINGAPORE NEWS
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Article, Illustration525 2004-09-02 10 VINCE CHONG - BT Exclusive STB's aggressive promotions also pulled in record visitor arrivals By VINCE CHONG LIKE bees to honey, more than 90,000 foreigners descended on Singapore shops in this year's Great Singapore Sale. So much buzz was created by the Singapore TourismBEN CRUZ - 525 words
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Article, Illustration487 2004-09-02 10 VINCE CHONG - By VINCE CHONG SINGAPORE contractors last year chalked up the best overseas showing in six years when they clinched over a billion dollars worth of foreign jobs. At $1.2 billion, this is 50 per cent over the $805 million notched in 2002. The numberSource: BCA - 487 words
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SINGAPORE ROUNDUP
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59 2004-09-02 10 MINISTER for Education Tharman Shanmugaratnam will visit China from today till Monday to attend the third International Conference of Asian Political Parties, hosted by the Communist Party of China. He will be accompanied by Gan Kim Yong, MP, Holland-Bukit PanjangGßC and Lau59 words
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67 2004-09-02 10 THE inquiry into the cause of the incident at the MRT Circle Line worksite that led to the collapse of the Nicoll Highway on April 20 this year will resume its hearing on Monday. The committee completed its 20th day of67 words
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66 2004-09-02 10 A PROJECT team from the Nanyang Technological University, which has designed an underwater autonomous vehicle, is looking for partners to commercialise their creation. NTU said yesterday that the NTUJJAV can be used to conduct underwater operations in difficult waters for industries such as offshore66 words
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403 2004-09-02 10 SAMUEL EE - By SAMUEL EE FROM Jan 1 next year, learner drivers can choose to take their driving test in a car with automatic transmission. Tests so far have been carried out in manual cars. But the Traffic Police announced the change403 words
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Article, Illustration313 2004-09-02 10 IN PARLIAMENT FIRST it was loose air-con-ditioners, then plummeting windows. Tired of coming up with new laws each time something drops from above, the government is expanding the scope of the Building Control Act to catch all falling objects before someone is killed. "We haveFILE PHOTO - 313 words
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PARLIAMENT BRIEFS
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116 2004-09-02 10 THE Apec Business Travel Card, which allows businessmen to travel to 15 countries in the Asia-Pacific region visa-free, is likely to be introduced in the middle of next year, Minister of Trade and Industry Lim Hng Kiang said. MTI and the Immigration116 words
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Article163 2004-09-02 10 PARLIAMENT has passed a bill that spells out the safeguards for investors of business trusts business enterprises structured as trusts, which provide a new asset class for investments. The Business Trust Bill also set out the duties and accountability of the trustee manager of a business163 words
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Article66 2004-09-02 10 THE home detention scheme where suitable prisoners sentenced to no less than six months may serve up to six months of their sentence under home detention has been expanded with the passing of the Prisons (Amendment) Bill. Suitable inmates sentenced to not less than four weeks66 words
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Page 10 Advertisements
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Advertisement137 2004-09-02 10 Drake Executive Search provides you with the expertise to match quality executives Professionals and Managers from middle to senior management positions, within your industry. Our consultants bring a wealth of experience, assisting you in your search for the highest calibre of professionals and managers while allowing you to remain focused137 words
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SINGAPORE FOCUS: SERVICES
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Article, Illustration1182 2004-09-02 11 ANNA TEO - The services sector could well ensure this won't be a jobless recovery, reports ANNA TEO ANNA TEO GIVEN its strengths and, well, comparative disadvantages, Singapore would seem cut out to be a premier regional services hub, if better late than never. And economists worried about the1,182 words
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Page 11 Advertisements
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Advertisement260 2004-09-02 11 CAPTAINS OF INDUSTRY CONFERENCE HEAR FROM THE LEADERS: Prof W. Chan KIM K. V. KAMATH Masayoshi MORIMOTO Professor of Strategy International vir) CFO, Rrin President c Management, INSEAD Yifei L| Of Hiroyuki nakanishi Chief Representative. Viacom Beijing Chairman President. Mitsui Chemicals Inc > n ■■■■■RAHAMPi SVP. MTV Networks As a.260 words
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ECONOMY WATCH
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Article, Illustration1006 2004-09-02 12 ANTHONY ROWLEY - BT Exclusive The country's growth engine seems unstoppable, the ADB's chief economist tells ANTHONY ROWLEY ANTHONY ROWLEY fIMNHMi HE consensus among many V economists is that China's overheated economy will soon slow down, putting a brake on i South-east Asian economies, j while Japan willBLOOMBERG - 1,006 words
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Article, Illustration629 2004-09-02 12 VIKRAM KHANNA - By VIKRAM KHANNA HIGH oil prices are likely to have a negative impact on some Asian currencies, particularly the Thai baht, the Indian rupee and the Philippine peso. However, the impact will be felt after a lag and is unlikely to beSource: ICEAGE - 629 words
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Article, Illustration744 2004-09-02 12 RONNIE LIM - RONNIE LIM Energy Editor HOW quickly the tide has turned. Oil prices have slipped from close to US$5O a barrel a fortnight ago to U5543.65 last night, on news of a peace deal in Najaf, Iraq and Russian assurance of increased oil supplies. NoSource: Bloomberg - 744 words
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Article640 2004-09-02 12 July construction spending up; CEOs most optimistic in two years AP, Bloomberg [NEW YORK] US manufacturing activity rose last month for the 15th consecutive month, but at a slower rate than in July, according to a monthly report released yesterday by the Institute for SupplyAP,; Bloomberg - 640 words
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MALAYSIA COMPANIES
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250 2004-09-02 13 Reuters [KUALA LUMPUR] Sales of the New Straits Times jumped yesterday after a compact edition of Malaysia's oldest English-lan-guage daily paper hit news stands, and the improvement is likely to continue, its publisher said. The paper's sales in the capital and surrounding areasReuters - 250 words
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316 2004-09-02 13 Bloomberg [KUALA LUMPUR] Unisem (M) Bhd, Malaysia's sec-ond-largest computer-chip company by market value, says it will start building a plant in China next year to take advantage of lower production costs and as customers tap rising demand there. Unisem, which packagesBloomberg - 316 words
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734 2004-09-02 13 Analysts cite blue chips' large share premium accounts and reserves [KUALA LUMPUR] Top Malaysian listed companies could be on the verge of opting for bonus issue or stock split exercise, says a report in The Star, quoting analysts. If bonus share issues734 words
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Page 13 Advertisements
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Advertisement75 2004-09-02 13 j^J|^^^dvertiM^alHolMre^Bo^B^B2^^raailjioticM#Bphxom^sg This announcement appears as a matter of record only Management Buyout of Unza Holdings Berhad from Cosway Corporation Berhad and Private Placement of 180,136,707 shares in a UNZA Unza Holdings Re. Ltd. South-East Asia's largest independent marketer of personal care products Acquired equally by Standard 42# Arfic Chartered Th*75 words
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Advertisement97 2004-09-02 13 The serviced 9Pp jjttMjjjjj^H apartment sector H has astronomical r potential for 4 jv*~r»3 growth... :^^kaHHßßHH |^|§|^^^^^H^| m'"%*?, ,l 7 si* jgSjF -f^ International Real Estate Supplement May 2004 gi^HA^i: r fepcsi HtSSU^^ 'jjZ ir ps^TJf--i»(tts3^Bs TIIiMbBiIiIiIiBB liM llllMlMlllllll^M BfiSpt afsS| ftn# fir ■T rIL n f rn B« ■sPf97 words
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MALAYSIA
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Article, Illustration544 2004-09-02 14 EDDIE TOH - EPF, Khazanah join separate groups to bid for Indonesia's Bank Permata By EDDIE TOH in Kuala Lumpur THE Malaysian government's move to invest directly in foreign assets has taken off without much fanfare, with its two biggest investment arms, the EmployeesAFP - 544 words
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Article2316 2004-09-02 14 vol FTEC Resources .0.56 -0.02 355 S«p1 RM C000) Furqan Bus. Org .0.34 unch 287 Gadang 1.38 -0 03 784 ASM Realty US unch 0 Gamuda 5.10 -0.05 148 Abnc 0.50 -0.01 28 General Corp .0.52 unch 106 ACP Industries 1.43 unch 22 Genting 15.90 unch2,316 words
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Page 14 Advertisements
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Advertisement1468 2004-09-02 14 Deutsche Bank m DEUTSCHE BANK AG, LONDON BRANCH (Incorporated under the laws of the Federal Republic of Germany) NOTICE TO WARRANTHOLDERS TO: (1) ALL HOLDERS OF EUROPEAN STYLE CASH SETTLED CALL WARRANTS RELATING TO THE ORDINARY SHARES OF SINGAPORE TELECOMMUNICATIONS LIMITED ISSUED BY DEUTSCHE BANK AG, LONDON BRANCH (SINGTEL DB1,468 words
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Advertisement463 2004-09-02 14 CaDto&-frce IMQ2S9M22 In the Matter of the Companies Act, Cap. 50 And In the Matter of Big Ocean Corporation Pte Ltd (In Members' Voluntary Liquidation At an Extraordinary General Meeting of the abovenamed Company duly convened and held at 10 Kallang Sector Data Dynamics Building Singapore *****0 on 24 August463 words
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INDONESIA
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522 2004-09-02 15 Offering over twice Permata's book value, it outbid UOB and three others Reuters AFP, [JAKARTA] A consortium led by Britain's Standard Chartered Bank has submitted the highest initial bid for acquiring a 51 per cent state in Indonesia's Bank Permata, a report saidReuters; AFP, - 522 words
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Article, Illustration1020 2004-09-02 15 SHOEB KAGDA - Megawati is for continuity while Bambang's mantra is infrastructure, says SHOEB KAGDA in Jakarta SHOEB KAGDA STABILITY versus change. That in a nutshell is how Indonesia's two presidential contenders are articulating their economic platforms ahead of this month's run-off. The two contenders President Megawati1,020 words
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Page 15 Advertisements
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Advertisement31 2004-09-02 15 I Lianhe Zaobao K ISGX President I I Ang Swee Tian I I derivatives I I /futures I market! n Zaobao interview ft I lit m~- I I N»."' A I31 words
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Advertisement110 2004-09-02 15 PHOENn^| Ji»- Get ready to be spoiled for I Japanese I WfP :jP choice with our tempting Buffet Lunch I selections. Slurp up the all- 12pm 2.30pm I yy tlme tra<,ltional favourite adult $26.80+++ I Kj&£flf prefer something from the child $17.80 I hot selection, there are Soft JapaM6Se I110 words
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CHINA
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Article, Illustration265 2004-09-02 16 AFP [PARIS] Ready-to-wear label Guy Laroche said on Tuesday that It had named a new designer, Herve Leroux, and had been acquired by Hong Kong-based textile group YGM Trading Ltd in a bid to revitalise the brand. Founded by 1957 by LarocheAFP; FILE PHOTO - 265 words
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460 2004-09-02 16 Plan unveiled one day after £1.4b purchase of 69.8% stake is announced Bloomberg [HONG KONG] Hong Kong billionaire Li Ka-shing's Cheung Kong Infrastructure Holdings Ltd said it plans to cut its stake in a UK gas network to less than 50Bloomberg - 460 words
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195 2004-09-02 16 Bloomberg [TAIPEI] Taiwan Semiconductor Manufacturing Co, the world's largest supplier of made-to-order chips, said it asked the island's government to ease rules on the technology it will use to make chips in its first China plant. Taiwan Semiconductor chairman Morris Chang requestedBloomberg - 195 words
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436 2004-09-02 16 Reuters [SHANGHAI] Big Four accounting firm Deloitte Touche Tohmatsu expects China to be its second largest operation in the world in less than a decade, a top executive said, as Beijing steps up reforms of a lumbering state sector. With ChineseReuters - 436 words
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Article, Illustration571 2004-09-02 16 Economic planners expected to ease the brakes gently Reuters [BEIJING] The first duty of a central banker, like that of a doctor, is to do no harm. In China, grappling with an unbalanced economy and a mixed bag of indicators, that is easier said thanReuters; AP - 571 words
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Page 16 Advertisements
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Advertisement460 2004-09-02 16 DBS BANK LTD NOTICE TO WARRANTHOLDERS To: All Holders of the following warrants: (a) 20,000,000 European Style Cash Settled Call Warrants ("SingTel Warrants (I)") expiring on 13 December 2004; and (b) 10,000,000 European Style Cash Settled Call Warrants ("SingTel Warrants (II)") expiring on 2 March 2005 (collectively the "Warrants") relating460 words
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INDIA
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494 2004-09-02 17 AJOY SEN - Major players cut fares as more low-cost carriers enter market By AJOY SEN in New Delhi THE launch of a no-frills, low-cost airline in India with at least seven more ready to fly to the sky has forced established local carriers to cut their494 words
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Article, Illustration722 2004-09-02 17 With voice tariffs plummetting, they need more customers for expensive value-added services Reuters ANY mobile phone operator would cherish a customer like Peeyush Tiwari, a 19-year-old medical student in the northern Indian city of Lucknow. Tiwari downloaded 19 mobile games to hisReuters; AFP - 722 words
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576 2004-09-02 17 Reuters [MUMBAI] India's central bank has said insufficient rainfall and uncertainty about prices of crude oil, the country's biggest import item, posed downside risks to growth in Asia's fourth-largest economy. It also warned investors that a tightening in global interest rates andReuters - 576 words
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546 2004-09-02 17 Bloomberg [MUMBAI] Tata Consultancy Services Ltd, India's biggest software developer, said it will pursue acquisitions as it seeks to grow faster and add skills. "We will look at acquisitions that add to our competencies, capabilities and intellectual assets," S Ramadorai, chief executiveBloomberg - 546 words
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Advertisement97 2004-09-02 17 Where to wine, dine and entertain... WWW.dinersXOIILSR 'J huernationat "Fantastic value! lean enjoy Salad, ice cream, 1 local desserts like ice kacang and tau suan plusfresh fruit for only S3 I" On order of any local or western delight from $6.90. AU prices*** Mon-Fri: Lunch from 1130 am to 3pm97 words
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Advertisement30 2004-09-02 17 3. £l$9L < V-V» w pl 9 iiMP\ ///> V<:-....*| #r 1* T^, W > fpiP i./' •■'/.'-< :a ;ir i Ka. I >■\--r'n/r t THH IU SINKSSTIMKS ,!>!.! h<i ii !'H Hilli I r,':!,in-30 words
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Advertisement49 2004-09-02 17 lYesJ it'? Friday Fashion NitStDiscratyPufl Com* watch a bevy of beautiea show off the latest in leisure wear. It's also Happy Hours from 3pm to Bpm on weekdays dayweefcends. RAFFLES MARINA 10 Tim West Drive *****04 Tel: 6861 8000 Fax: 6861 1020 Email: ahoy marina torn Web Sile www.rafflrananna.cofn.sg49 words
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Advertisement155 2004-09-02 17 Sensational Korean Favourites Prepared by Masterchefc from Korea 9-26 September 2004 Something different to whet your palate this September... Cafe Plaza has lined up an array of Korean specialities as part of the Euro-Asian Buffet. Savour and enjoy dishes like Steamed Stuffed Mandarin Fish, Kim Chi, Fried Big Frog. Steamed155 words
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Advertisement43 2004-09-02 17 ~1 MERITUS MANDARIN SINGAPORE §emi-18uflh Itfvqjsoay Semi-buffet Lunch-. "IfWft 12.00 noon to 2.30 pm JiL Monday to Friday. /W $38+++ per person VIZ Revolving Reservations: 6831 6258/88 "ZZT MERITUS MANDARIN 333 Orchard Road, Singapore *****7. Tel: +65 6737 4411. Fax: +65 6732 2361.43 words
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ASIA-PACIFIC
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280 2004-09-02 18 AFP [TOKYO] Britain's financial watchdog has asked UFJ Holdings, the fourth-largest Japanese banking group, to account for a huge gap between profit forecasts and results for the year to March, the Asahi Shimbun daily said yesterday. UFJ, which has already been reprimanded byAFP - 280 words
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612 2004-09-02 18 LOH HUI YIN - Customers of Capital OK get rate cuts when they pay loans on time By LOH HUI YIN [SINGAPORE] Pay your loan on time and you will enjoy reduced interest rates on it. The incentive is offered to customers of Capital OK, the612 words
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Article, Illustration933 2004-09-02 18 ANTHONY ROWLEY - ASIA INSIGHT ANTHONY ROWLEY Tokyo Correspondent WE are about to witness a changing of the guard at the Asian Development Bank with the impending departure of president Tadao Chino, as well as at the World Bank where the era of James WolfensohnREUTERS, AFP - 933 words
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NOTE BOOK
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107 2004-09-02 18 Bloomberg [BANGKOK] Thai Military Bank, which yesterday merged with a local unit of Singapore's biggest bank and Industrial Finance Corp of Thailand, had its debt rating raised to investment grade by Moody's Investors Service. Thai Military had its long-term subordinated debt rating raised toBloomberg - 107 words
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Article117 2004-09-02 18 Bloomberg [BEIJING] China Construction Bank, the country's third-largest lender, began a 20-day nationwide check of its assets as it reorganises in preparation for an initial public offering as early as this year. Construction Bank sent 30 inspection teams to its Beijing headquarters and 38 regionalBloomberg - 117 words
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Article135 2004-09-02 18 Reuters [HONG KONG] China Telecom Corp, the country's largest fixed-line phone firm, yesterday said that first-half net profit rose 28 per cent, driven by its surging broadband business and the purchase of six provincial networks from its parent last year. China Telecom, which saidReuters - 135 words
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103 2004-09-02 18 AP [BEIJING] Philippine President Gloria Arroyo will tackle the issue of a disputed South China Sea island chain and sign major trade agreements during her visit to China, her first foreign trip since winning a new term in May. She is expected toAP - 103 words
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Article64 2004-09-02 18 Bloomberg [JAKARTA] Indonesia's consumer price index slowed in August for the first month in six, rising 6.67 per cent from a year earlier, the Central Statistics Bureau said. Twelve economists surveyed by Bloomberg had forecast inflation would accelerate 7.1 per cent in the month. ConsumerBloomberg - 64 words
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136 2004-09-02 18 AFP [JAKARTA] Indonesia's central bank chief yesterday said he was seeking to reinforce the role of foreign banks in the country's economy. "So far the role of foreign banks, according to me, is still very limited," Bank Indonesia governor Burhanuddin said on theAFP - 136 words
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Page 18 Advertisements
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Advertisement295 2004-09-02 18 Baker McKenzie is pleased to present its annual Pan Asian M&A Conference in Singapore where partners from its network will convene to provide a practical focus on the issues that are facing corporate and financial investors in the current economic and political climate throughout the region. Representatives from the Baker295 words
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WORLD
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Article, Illustration768 2004-09-02 19 Panel condemns 'systematic looting' by Conrad Black and others NYT, AP [NEW YORK] Conrad M Black and F David Radler, former officials of Hollinger International Inc, ran a "corporate kleptocracy", diverting to themselves virtually all the publishing company's US$4OO million in earnings over seven years, an internalNYT,; AP - 768 words
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358 2004-09-02 19 AFP AP, [PARIS] France launched the sale of at least 9.6 per cent of France Telecom, the government said yesterday, a move that will privatise the telecoms operator and raise up to 5.8 billion euros (Ssl2 billion) for theAFP; AP, - 358 words
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156 2004-09-02 19 Bloomberg [NEW YORK] The willingness of wealthy US households to invest slumped to a sixmonth low last month because of concerns about the presidential election and higher fuel prices, according to an index compiled by Spectrem Group. The Spectrem Affluent Investor Index, which is basedBloomberg - 156 words
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619 2004-09-02 19 Bloomberg [WASHINGTON] Three former Invesco Funds Group Inc executives were barred from the mutual fund industry and agreed to pay a combined U*****,000 in fines to resolve US regulators' allegations that they helped favoured clients make about US$5B billion in improper trades. Timothy Miller,Bloomberg - 619 words
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314 2004-09-02 19 Reuters [NEW YORK] The US Securities and Exchange Commission is urging a US federal appeals court to give some investors more time to sue companies for fraud, the Wall Street Journal said yesterday, citing court documents. In a friend-of-the-court briefReuters - 314 words
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WORLD WATCH
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Article, Illustration103 2004-09-02 19 Reuters [LONDON] Oil prices rose yesterday, stemming an eight-session slide that has dragged prices down 14 per cent from record highs as news emerged of a fresh pipeline fire in Iraq. US light crude climbed 53 cents to U5542.65 a barrel, almost US$7 belowReuters - 103 words
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93 2004-09-02 19 Bloomberg [PARIS] Carrefour SA, Europe's largest retailer, plans to sell assets worth one billion euros (Ss2 billion) in the coming year, raising funds to help cut prices and fuel growth as French sales stagnate. Carrefour, which estimates its real estate has a marketBloomberg - 93 words
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120 2004-09-02 19 Reuters [AMSTERDAM] Selling songs over the Internet in western Europe will explode to a 3.5 billion euros (557.2 billion) a year market by 2009, a new survey found on Tuesday. "The paid-for music downloading market in western Europe has been languishing behind the UnitedReuters - 120 words
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93 2004-09-02 19 Reuters [NEW YORK] Internet auctioneer eßay Inc said on Tuesday it has agreed to buy US$325 million worth of shares of South Korean online trading peer, Internet Auction Co Ltd, raising its ownership to 86 per cent from 62 per cent. eßay, basedReuters - 93 words
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334 2004-09-02 19 Reuters [FRANKFURT] The European Central Bank (ECB) ranks bottom among the world's top central banks for the number of women policymakers making decisions on interest rates that influence the global economy. Former women central bankers said this male clubbiness limits female access to topReuters - 334 words
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AVIATION
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Article, Illustration50 2004-09-02 20 ■m [MOSCOW] Tourists kiss as Russian experts help them to feel the effect of zero ygravity during a parabolic flight near Star City outside Moscow. Some 20 tourists \from Germany, the Netherlands, the US and New Zealand attended the parabolic > *flight, which is part of cosmonauts training.REUTERS - 50 words
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258 2004-09-02 20 Bloomberg *ICOLOMBO] SriLankan Airlines will raise fuel surcharges this year as record-high oil prices push up costs, its chief executive .''said. The national carrier, 43 per centowned by Emirates, earlier this month upraised airfares by 5 per cent, driven by higher, jet fuelBloomberg - 258 words
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Article1857 2004-09-02 20 01* HJWtT CTA FUGHT CTP U1312 1430 EK6173 1530 UL312 1530 Adelaide BA7381 1840 LH9770 2300 CX735 1855 LH9771 1840 SQ229 2300 SQ402 2240 Copenhagen SQ351 0530 SK972 2155 5Q230 1840 SK973 1900 Ahmedabad 5Q461 1400 SQ462 0200 Darwin BA7381 1840 AO7882 2215 Amsterdam SQ323 06151,857 words
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Article, Illustration906 2004-09-02 20 VEN SREENIVASAN - Some say those with the deepest pockets, while others wager on the ones with lowest costs By VEN SREENIVASAN [SINGAPORE] Asia's newborn low-budget carriers are circling the skies like vultures, waiting to see who'll be the first to go into a tailspin.FILE PHOTOS - 906 words
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Article, Illustration465 2004-09-02 20 Reuters [MANILA] Cebu Air, the Philippines' second-largest airline, said yesterday it would buy 12 new A 319 jets from Airbus and lease two A32os as part of a programme to renew its fleet. Company president Lance Gokongwei said Cebu AirReuters - 465 words
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192 2004-09-02 20 Reuters [LONDON] Britain and India will resume bilateral air service talks next month aimed at increasing flights between the two countries, a move which would provide airlines with a useful source of additional revenue. British billionaire Richard Branson's Virgin Atlantic andReuters - 192 words
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SHIPPING
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Article, Illustration593 2004-09-02 21 DONALD URQUHART - Analysts expect the problem to linger as Asian volumes to West may rise 16% in 2004 By DONALD URQUHART [SINGAPORE] Congestion in the world's main container hubs a result of surging China exports is likely to be a nagging problem for a numberAFP - 593 words
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258 2004-09-02 21 Bloomberg [LONDON] Associated British Ports Holdings, the UK's biggest port operator, plans to invest £400 million (Ssl .23 million) in the UK over the next 10 years as it seeks to focus on shipping. Associated British Ports will invest £44.5Bloomberg - 258 words
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Article490 2004-09-02 21 Bloomberg [OSLO] A P Moller-Maersk, the world's largest shipping company, said demand for container vessels will probably rise in the next 12 months, boosting freight rates as growth in shipments from Asia outstrips available space. Rising US and European imports of clothes, DVD players andBloomberg - 490 words
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Article285 2004-09-02 21 SGX 000 Sepl SS vol CH Offshore 0.37 0.01 501 Chuan Hup 0.54 -0.01 396 Cosco Investment 0 84 -0.02 ***** CWT Distribution 0.49 0.01 188 Ezra Hldgs 1.00 -0.01 12 Freight Links 0.10 unch 75 Grand Banks Yacht 0.80 unch 22 Jaya Holdings 0.89 0.01 1247 K1285 words
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346 2004-09-02 21 It attributes growth to soaring exports from China Bloomberg Reuters, [TAIPEI] Evergreen Marine Corp, the world's thirdlargest shipping line, posted strong quarterly earnings thanks to robust exports and freight rates, which it expects to remain high. It swung to a profit in the second quarterBloomberg; Reuters, - 346 words
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Article, Illustration51 2004-09-02 21 [TOKYO] The Vihanos. a 5.552-ton Vietnamese cargo ship, is stranded offUchiumi village, western Japan, after it ran aground in 10-metre-high waves. Four of 20 crew members were still missing. Typhoon Chaba ripped through a large swathe of Japan early this week, killing seven people andflooding hundreds of homes.AP - 51 words
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736 2004-09-02 21 DAVID HUGHES - STRAIT TALK By DAVID HUGHES THOSE representing the international shipping industry internationally on environmental issues and, particularly, those who have had to deal with the European Commission (EC) have had a rough ride in recent years. Shipping has been perceived as a dirty, irresponsible,736 words
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EDITORIAL & OPINION
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525 2004-09-02 22 THE legacy that Asian Development Bank president Tadao Chino will leave behind when he retires from the bank at the beginning of next year will be to have helped heighten consciousness about the need to reduce poverty in Asia. But there is of525 words
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Article, Illustration1573 2004-09-02 22 LEON HADAR - Kerry is not a 'European candidate' but he realises Europe wants a place on the driver's seat LEON HADAR Washington Correspondent IN the 1962 film The Manchurian Candidate, communist agents brainwash a young American from a prominent political family and prepare him to run forAFP - 1,573 words
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Article, Illustration755 2004-09-02 22 FRANK CHING - THE BOTTOM LINE FRANK CHING WHEN then-Deputy Prime Minister Lee Hsien Loong visited Taiwan in July on what was described as a "private and unofficial" trip, China reacted angrily. Among other things, it scrapped a visit by its top banker to Singapore755 words
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Article, Illustration1076 2004-09-02 23 The opening of the Sands Macau is transforming dingy dens into glittering gambling and entertainment complexes AFP A HUGE cheer breaks through the cacophony at Sands Macau Casino as the four million pataca (S$815,000) blackjack jackpot is won. Lights flash, music plays and hordes of tourists,AFP - 1,076 words
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790 2004-09-02 23 AFP [MACAU] On the western edge of Macau, along the slither of polluted water that separates it from China, restaurateur Effic Chen serves the handful of customers who still visit her San Hip Seng Seafood Restaurant. Business has dropped "enormously", said Ms Chen,AFP - 790 words
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298 2004-09-02 23 Leong Sze Hian Singapore - LETTER TO THE EDITOR Leong Sze Hian Singapore I REFER to the Prime Minister's National Day Rally Speech on Aug 22. Time and again, we have heard the example being given that Singaporeans seeking financial assistance at meet-the-people sessions are financially irresponsible because they have298 words
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Page 23 Advertisements
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Page 23 Miscellaneous
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Miscellaneous203 2004-09-02 23 CRYPTIC CROSSWORD thecontinen DOWN city (6) Set to, 11 Repletion, 12 Omissive, 9 Still replacing Pole in old capital 13 Pinch, 15 Set free, 17 Stripes, 19 1 Sour-tasting wine from France, O 4 Oarsmen, 21 Enlarge, 22 Taper, 24 say, Ray rejected (8) 16 Illusory discovery in horses Rear-lamp,203 words
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Article6270 2004-09-02 24 SGX MAINBOARD JUL °*1 Ijrt Quote GrOiv Mv GfYld Net MCaa wy> low Cod; Company Site *1- (000) High low luyr S+m Cvr S Bj jj 25.5 5.5 5716 1st Software 5c 6 -0.5 3751 6 5 6 5 5 6 ?a 22 31« f T^°^ US2C 286,270 words
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Page 24 Advertisements
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Advertisement22 2004-09-02 24 maitre de I'horlogerie depuis v^ M J f PIGUET (SINGAPORE) PRIVATE tr Orchard #03-10/11 Wheelock Place 6238 6678 6238 THE HOUR GLASS22 words
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Article5548 2004-09-02 25 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES la local am In SS In US$ X dy yr dy yr dy Syr Aug 31 Indax Chang* Chang* Chang* Chang* Chang* Chang* World Index Preliminary 778.7 -0.4 0.0 -03 -0.2 -0.1 -1.0 EAf£ Preliminary 716.0 -0.6 2.1 -02 0.6 -0.1 -0.2 Europe5,548 words
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Page 26 Advertisements
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Advertisement1099 2004-09-02 26 IMPORT 1 NORTH AMERICA AUSTRALIA/NEW ZEALAND I 1 VESSa VOY Id SIN PKG 1 1 I 1 I 1 F——1 KONEMIOYDKOK 4W3 20/5 OR/09 07/09 VOY ONE STB MO AM TO_ _J3_ LOS ANGEIiS EXPRESS 07W34 25/0. 11/09 14/0* K PtO NEDUOYD SOUTHAMPTON 44W35 01/09 19/09 21/09 API MEXICO 20N1,099 words
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Advertisement750 2004-09-02 26 IKTWtASU t0«0 »««VK« VBsa/yor umm mcmoc m km lo sw jct SIMfTSVBmJK/10 1$ 12 07/W 11/09 14/W 11/ D* 20/W srurnvwruK/ii is u rim ?s/w IsmrnvßCTUK/i? is a oi/io 04/10 07/10 mo 12/10 WITT AilA/IiNOAL «0«0 SVI VKSa/VOT I MMfffD I WOHT(M) I TOK Kg KHM Mitt I SW HIE750 words
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Page 27 Advertisements
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Advertisement796 2004-09-02 27 x- _x ij..• 4_ j mmmmmi awitor oorts in ofony or stwgpng bioom id wuura wxy, hmwpw w»mit** r"" Wwl> America, Europe, Japan, Ana, Ansa Ilw wtepl iNni AliaKm§mt* ijj For Schedules, Bl Searches, and Container Tracking, visit on our Home Page: Weekly Containerised Service To: IS i£Si £?<££•* w«,c<».796 words
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Advertisement955 2004-09-02 27 \mT\ EASTERN CAR LINER, LTD If SPECIALIZE IN RQRQ HEAVY UfT UFTO 450 TONS 1 MiUrtiHmm I vot I I uhh, aw m rm m jct m ia SfIMKTIADa 47 30 10 H/V 31/01 ESTttIiAETWU 77 40 W o«fa W7F~ thdbtab i s srw m —m~ ftgw* «t g m955 words
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Advertisement799 2004-09-02 27 w WEEKLY EXPRESS SAILING SCHHHJLE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICI> POINTS yssa vot m hum coubbo jtgwi coubbo Iff IMB J»IW 81 Sg aw HI Wig 112 ABsmmiwog Km nsg wsg nsg Msg i;sg mamifm im» nw is» u» nsg «g BMIA6ABOB WW MSg BSg BSg MSg799 words
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Advertisement1022 2004-09-02 28 Wj(Jl# WALLENIUS WILHELMSEN website: http://www.2wglobal.tom RAMP LK MAO HOW Ml* SAY BAL Off HTC NtW MOR TAMPA AF4I7 420T0n» 6.4 M lIN PORT 25/09 04/10 11/10 12/10 16/10 14/10 11/10 08/10 VMNI AG4OI 1201 MS 5.75 M I 15/09 13/10 TARAGO I Af4lB 3201 ms 6.4 M 21/09 21/10 2«/101,022 words
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Advertisement858 2004-09-02 28 ypsa m m PS! _msa *qi ai— in_— PAC lAHDA 111?!! 04/09 05/09 1212 MZM M/g— JSUm MM 2SM <*/V ffiKIL. PACI AND* mOM 05/0? 04/09 TktVKM 32JA M/M Ll/M ncnNDA BZZ9S 07/99 AIAMIATA? lilj LIZ, 0 1 'V-ff— m iahpa urn mm 09/w CSF 2301 0028P 09/09 11 09858 words
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Advertisement524 2004-09-02 28 BSA x MYANMA BH FIVE STAR LINE (Myanmor Notional Line) Loading for Y ***** VESSEL VOY SIN PM PIN PGU PAGAN 332W SU) HPA-AN 320W SU) SID IN MALAYSIA: lOUSTEAD SHIPPING AGINCIIS KUL 03-*****300 PKL 03-3176*101 PEN: 04-*****02 ACCEPTING CONVENTIONAL C6O HKG SIN HKG SIN PGU PU KUC MARINE SUI524 words
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THE BUSINESS TIMES SHIPPING TIMES
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6276 2004-09-02 29 ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Arfcertfeer Vessel Voyage Triepttone cju rwt'n HMt Name Numbtr Number SIM Dost n Name Nmm Numoef Nmmmt 2*10 08/12 NGPl TEIGNBANK SP180 *****288 To ABIDJAN (ABJ) 2003 Cote D'lvoire To DURBAN (DUR) 2118 South Africa 09/096,276 words
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PROPERTY
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Article, Illustration933 2004-09-02 30 VINCE CHONG - REITS: INVESTOR'S CHOICE Firms now more willing to sell non-core assets, A-Reit manager tells VINCE CHONG VINCE CHONG LISTED Ascendas-Reit (A-Reit) delivered good returns, including paper gains, of almost 65 per cent to unit holders over its last financial year. But that just shows933 words
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Article, Illustration961 2004-09-02 31 KALPANA RASHIWALA - REITS: S'PORE VS HONGKONG Follow the Aussie example to stay on top of the Reits game, reports KALPANA RASHIWALA KALPANA RASHIWALA SINGAPORE may be ahead of Hong Kong in the real estate investment trust (Reit) business, but with one single transaction,CHRIS LOH - 961 words
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Article, Illustration546 2004-09-02 32 RAJU CHELLAM - BT Exclusive CSK Software's S'porearm buys Asia ops from Europe parent By RAJU CHELLAM A TEAM of six Singaporebased employees of CSK Software AG recently pooled their personal resources to buy out the Asian (excluding Japanese) operations of the European parent. A month later the546 words
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175 2004-09-02 32 AP [TAIPFI] Taiwanese hightech giant Acer Inc has announced a leadership reshuffle and the retirement of Stan Shih the company's founder and a major figure in Taiwan's bid to dominate the personal computer (PC) industry. Mr Shih will retire at theAP - 175 words
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Article293 2004-09-02 32 RAJU CHELLAM - By RAJU CHELLAM FIRMS that deal in capital markets such as brokerages, securities firms, insurance companies and banks are set to invest US$5l billion worldwide on technology solutions this year, up from US$47 billion in 2003, says Financial Insights, an arm of IDG Corp. "Growth in the293 words
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261 2004-09-02 32 Bloomberg [SAN FRANCISCO) Dell Inc., the world's largest maker of personal computers, will enter the fastest-growing part of the printer market with three colour laser machines it says cost as much as 57 per cent less than competing products. The printers goBloomberg - 261 words
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Advertisement82 2004-09-02 30 Hr^iivlilAlv Thinking of getting a new Jag? Want to chill out at the latest hip spa, eat of choices available. Pick up your copy now. We're a business paper, but at the hottest restaurants or sharpen your cultural wits? Whether you're it's also our business to know about leisure. Call82 words
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Advertisement130 2004-09-02 31 'Vv.'.-i*- -■'i f 1 •>»:'/ :ci'- «>¥££■ u t v Riverside ]Boulevard Located at the Manhattan's Trump Place fabled wesl side wilh a s,unnin9 River view of the Hudson River. Trump Place offers the seclusion of a private enclave virtually 4-: yj£ surrounded by parklands, yet a of services jHfe130 words
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Advertisement124 2004-09-02 31 Distinct Features: from 1019 sq ft Basement Parking Own loading bay warehouse unit Column Free layout with windows —-~~7 s mins walk to MacPherson MRT ONLY 1 GROUND Near PIE, HDB estate, food outlets j FLOOR UNIT LEFT Contact Boustead Mdm Tan 6747 0016 Mr Lim 9835 1713 Ik HB124 words
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Advertisement230 2004-09-02 32 IHI 'Cf*? ™M B| v *!f|p?i ipn —3i j l5 t r (J5 inbox i "'''/'""WWMlltttoa, ,r °«»n»«tirt«« comtq HHHHHHHHHBHHHHi l, "®!i** u ***w*t j ,&-~*vm*i need a dedicated i device for mobile email. Jk Subset &g Presentabon' (T^^l jfl f S«nt 04/8/12 05 19 13 I I io» r230 words
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