The Business Times, 15 November 2004

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Total Pages: 28
1 28 The Business Times
  • 13 1 THE BUSINESS TIMES SMGATOREfIS<«* online at http'7/buslntss-tkiwiasial.conLsg MICA (P) 023/03/2004 Monday November 15,2004
    13 words
  • 552 1  -  There are signs that the business environment will continue to weaken over 2005 By DANIEL BUENAS [SINGAPORE] Despite economic recovery, small companies are reporting significantly weaker sales and profits. And there are signs that the business environment in general will continue to weaken
    Source:M/S  -  552 words
  • 562 1  -  By ANNA TEO [SINGAPORE] Economic summits and trade talks tend to be awash in acronyms, and the 2004 Apec (Asia-Pacific Economic Cooperation) meetings this week in Chile will be no different. By the time the forum wraps up in Santiago this weekend,
    562 words
  • 131 1 MARKETS We€K STl .2038.46 .22.69 KLSECOMP 882.29 +10.81 NIKKEI 225 *****.98 -41.79 HANG SENG *****.46 ....+289.51 SET INDEX 639.74. +4.65 JAKARTA COMP 934.03 +40.39 MANILA COMP ....1742.81 ......+74.71 TAIPEI TAIEX 5917.16 -14.15 SEOUL COMP 876.67 +15.99 SHENZHEN B .236.13 +12.02 AUSTALLORD ....3872.60 +18.10 DOW JONES —*****.01 ....+151.47 NASDAQ
    131 words
  • 45 1 TOP STORIES ...PG2,3 COMPANIES ...PG 5,7 MARKETS PG 4,6 DINING OUT PG 10 ECONOMY PG 11 M'SIA/INDON.. PG 13 CHINA PG 14 INDIA PG 15 ASIA PACIFIC ...PG 16 WORLD PG 16 AVIATION PG 17 SHIPPING .PG 18 STOCKS PG 24-25 BIZIT PG 28-28
    45 words
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  • TOP STORIES
    • 408 2  -  Work on the project is likely to start in over a year By EDDIE TOH [SINGAPORE] Malaysian tycoon Syed Mokhtar Al-Bukhary is set to expand one of his two ports in Johor and jumpstart his group's petrochemical complex in the state to rival Singapore.
      408 words
    • THREE-MINUTE DIGEST
      • 62 2 LISTED construction groups halved their collective net loss to about $230 million for their last financial year, from a million in the previous period. This underscores a gradual but steady improvement in the industry that has been forced to change and re-engineer itself through
        62 words
      • 64 2 SEMBCORP Industries expects a "significantly better" 2004, partly because of a windfall dividend from a subsidiary. But, apart from this dividend payout, what could investors expect from the company's fundamental business? While some analysts have upgraded their recommendations to buy, investors would do
        64 words
      • 58 2 RESEARCH house CLSA expects a merger of Keppel and SembCorp Industries' offshore and marine 11 overtRe nex£|r2~years, as Temasek Holdings reviews and its stakes 1 companies. It also sees amerger of Neptune Orient Lines (NOL) and SembCorp Logistics in its report titled
        58 words
      • 86 2 THE deputy governor of China's central bank says It could take "a couple of years" to loosen controls on the value of the nation's currency, despite exhortations by the Bush administration to move quickly so that Chinese exports lose some of their low-price
        86 words
      • 65 2 THE Employees Provident Fund (EPF) has begun investing in direct private ventures as part of its portfolio programme, according to Malaysia's Business Times. For a start the EPF is looking at companies in the food, retail, manufacturing and independent power producer sectors, the
        65 words
      • 87 2 CHINA'S total outstanding car loans has fallen about 13 per cent in the third quarter, after the government told commercial banks to curb lending to help cool economic growth. Total outstanding car loans fell by 23.3 billion yuan (SS4.7 billion) to 160
        87 words
      • 102 2 INDIA'S economic growth is slowing, inflation is near 3 v /i -year highs and an interest rate rise may be looming but all that is not spoiling the country's financial party. Suddenly the gloom and doom talk that followed the election of
        102 words
      • 83 2 US business and labour groups are gearing up for a battle early next year over a free trade pact with five Central American countriesjjiat could have major consequences for the Bush administration's longer-term trade agenda, trade experts said last week. The debate on
        83 words
      • 79 2 DEMAND for airplanes will grow much faster outside the United States than inside over the next few years, and only two to three large US airlines will survive that period, according to the head of a top US-based aircraft financier and
        79 words
      • 83 2 THE world's largest personal computer maker, Dell Inc. is planning to make a concerted push to sell to SMEs (small and medium enterprises) in the Asia-Pacific region this year and next says William Amelio, Dell's Singapore-based president for the Asia-Pacific
        83 words
    • 1379 2  -  It has strengthened its financial advisory services, reports ANNA TEO ANNA TEO DELOITTE Singapore the youngest and smallest of the Big Four accounting firms here has been playing catch-up with a vengeance in the last two years since Chaly Mah took
      CHRIS LOH  -  1,379 words
    • 766 3  -  WALL STREET INSIGHT Most analysts remain bullish but some expect a pause after a two-week rally, says ANDREW MARKS in New York ANDREW MARKS AFTER another strong week for the stock market, many Wall Street market strategists say that the signs are good that
      766 words
    • 385 3  -  By DANIEL BUENAS [SINGAPORE] Local companies are increasingly concerned about rising oil prices, according to the latest BT-NUS business activity survey, with more than half the survey respondents indicating that profits would be reduced by the fuel price hikes. The
      AFP FILE PHOTO  -  385 words
  • Page 2 Advertisements
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  • SINGAPORE MARKETS
    • 926 4  -  TEH HOOI LING Senior Correspondent Out market oommwtalorß Sivenfthy has miltti lli i uOIMI VW (Rente efdeooupfcnftai toaaclal markets a before. In todays ooiumn, he has again highkghted how the performance of the Strata Times Index (StD bore no resemblance to
      926 words
    • 1078 4  -  INSIDE MARKETS Many increase holdings despite the run-up in the share prices while some buy for price support, says ROBERT HALILI ROBERT HALILI WITH the uncertainty of the US elections out of the way and oil prices subsiding last week, directors and substantial shareholders
      Source: Asia Insider  -  1,078 words
    • 654 6  -  STOCKS R SIVANITHY Senior Correspondent THE decoupling theme is one that's been explored in this column many times before but at the risk of repeating ourselves, it looks very much like all sorts of decouplings are making their presence felt throughout financial markets. First, and arguably
      FILE PHOTO  -  654 words
    • 283 6 CURRENCIES AFP [HONG KONG] Asian currencies notched up further gains against the US dollar during last week. Japanese yen: The yen staged a modest rebound against the US dollar toward the weekend after slipping back from sevenmonth highs as the market remained concerned about
      AFP  -  283 words
    • 83 6 Investor events to watch out for New listing of Swissco Int'l, Nov 16 Micro-Mech's dividend payment, Nov 16 Spindex's dividend payment, Nov 16 Tiong Woon's dividend payment, Nov 16 Ellipsiz's dividend payment, Nov 18 Cosco Corp, EGM, Nov 18 TTL Int'l's dividend payment, Nov 22 Amtek Engg's dividend
      83 words
    • 722 6 Payment E> looks Pay Payment Ex looks Pay isai Ha slat *s»_ (sol—4m—Ah—*3t_ Action Asia 10c __l 05TE 02-Dec 07-Dec 20-Dec MiyoshiSc F.S 04° 04-Jan 07-lan 28-lar Amtek Engg20c F 5.50 05-No* 1044ov 23-Nw MMI Hldgs 10c <"•*» 04-Nov '8-Nov Ascendas REIT it 5.09 25-Oct 2&Ocl 23-Nov MMI
      722 words
    • 438 6 Compiled by Thomson Financial I/B/E/S OTHER SINGAPORE INDICES Nov 12 VALUE CLOSE BT OB/OS -291.00 -120.00 BT CADI -*****.00 -16.00 BT 10-day MA -*****.00 -29.00 All-SG Equities 523.74 +2.71 SG Equities Elect 152.68 +1.57 SG Equities Fin 1619.65 +2.94 SG Equities Prop 499.54 +5.48 SIMSCI 243.00 +1.18 SiMSCI
      438 words

  • COMPANY NEWS
    • 623 5  - Is the worst over for SembCorp Industries HOCK LOCK SIEW By ANGELA TAN LAST Friday, the diversified conglomerate SembCorp Industries (SCI) revealed that net profit before exceptional items for the third quarter ended Sept 30, 2004 rose 10 per cent to $54.72 million. Sales grew 20 per cent to $1.52
      623 words
    • 708 5  -  Result underscores gradual but steady progress in the troubled sector By VINCE CHONG LISTED construction groups halved their collective net loss to about $230 million for their last financial year, from a staggering loss of about $455 million in the previous period.
      AFP  -  708 words
    • 593 7  -  Prime candidates seen to be Keppel, SembCorp's O&M businesses By ANGELA TAN SINGAPORE Inc could well be in for a shake-up as Temasek Holdings reviews and rationalises its stakes in various companies, research house CLSA says in its second special report on
      FILE PHOTO  -  593 words
    • COMPANY BRIEFS
      • 93 7 INTEGRATED contract manufacturer of telecommunications and electronics products Huan Hsin saw its first nine months net earnings fall by 3 per cent to $20.2 million despite a 46 per cent rise in turnover to $322.8 million. The group blamed the fall in net earnings
        93 words
      • 87 7 BIOTECHNOLOGY waste and wastewater treatment specialist, Bio-Treat Technology, reported a 23 per cent jump in its fiscal first quarter net earnings to 52.5 million renminbi ($10.5 million). Revenues for the three months to Sept 30,2004 rose 42 per cent to 207.5 million renminbi. The company
        87 words
      • 118 7 ADHESIVE products manufacturer CHT said its third quarter net earnings jumped 40 per cent to 33.6 million renminbi ($6.7 million) just as its turnover surged 55 per cent to 169 million renminbi. Cash flows from operating activities also rose sharply to 82
        118 words
      • 94 7 LAMINATED flooring maker Asia Dekor said its half-year profit more than doubled to 37.86 million renminbi ($7.6 million) on the back of improved profit margins as it began to source its goods from China instead of Europe. However, turnover declined by 10.3 per
        94 words
      • 65 7 FITCH Ratings on Friday raised its senior subordinated note rating on Del Monte Food Co and its unit Del Monte Corp. The rating agency said it raised the senior and subordinated notes to "88-" from "B" and also upgraded the senior secured bank facilities
        65 words
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  • Page 7 Advertisements
    • 269 7 t l 0 I Tiffany Co. A Gift For Business Please call *****848 for our new holiday business gift catalogue. Inside are classic gift ideas for your clients and colleagues. Tiffany&Co. SINGAPORE RAFFLES HOTEL ARCADE NCEE ANN CITY BUSINESS SALES 6735 1848 Hi s B fl H .JS ItWl# a^A
      269 words

  • VIEWS FROM THE TOP
    • 2308 8 THIS WEEK'S TOPIC Latest data shows unemployment falling to a 3-year low. Do you see it falling further? How will the tighter job market affect your company? The recent pick-up in employment is certainly good news for the Singapore economy, but opinions differ over whether the
      2,308 words
  • Page 8 Advertisements
    • 67 8 BTCEOse-Gub Members of the BT CEOs e-Club are Singapore's top corporate leaders whom BT editors would like to interact with in an atmosphere of informality and trust This 'dub'is a virtual one; with interaction mainly via e-mail. Each week, we will invite comments from these top executives on various economic
      67 words


  • DINING OUT
    • 1565 10  -  GEOFFREY EU checks out what's cooking in some of the best kitchens around town as foods from colder climes take the spotlight GEOFFREY EU FOOD tastes better when it's in season, and the cycle of food has reached that time of the year when most
      ARTHUR LEE  -  1,565 words
  • Page 10 Advertisements
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      36 words

  • ECONOMY WATCH
    • 731 11 Central bank official cites big challenges to meet before revaluation LAT-WP [BEIJING] The deputy governor of China's central bank says it could take "a couple of years" to loosen controls on the value of the nation's currency, despite exhortations by the Bush Administration to
      LAT-WP; REUTERS  -  731 words
    • 316 11 Reuters [ANN ARBOR, Michigan] US budget deficits pose a problem for both the domestic and world economies, but there seems little political will to fix them, Federal Reserve Board governor Edward Gramlich said on Saturday. "We have big deficits now and the politics
      Reuters  -  316 words
    • 580 11 But such a move is not likely given the economic recovery AFP [TOKYO] The plunging US dollar is renewing talk of Japanese intervention to bring down the yen for the sake of its exports but anamove is imminent oWing to Japan's growing confidence
      AFP; REUTERS  -  580 words
    • 553 11 Bloomberg [NEW YORK] The US dollar's decline may "pause" on speculation that central banks, including the Bank of Korea, the European Central Bank (ECB) and the Bank of Japan will try to limit the advance of their currencies, Lehman Brothers Holdings Inc said. "This
      Bloomberg  -  553 words
    • 552 11 Ministers urge the ECB to do its part to calm the situation AFP [BRUSSELS] Finance ministers from the 12-nation eurozone meet today for talks clouded by the euro's record surge against the US dollar, which is adding to high oil prices in threatening
      AFP  -  552 words
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  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • 525 12  - Future of youth by youths Top three winners of commentary competition tell DANIEL BUENAS why they decided to speak out DANIEL BUENAS THEY come from different backgrounds, schools and study different subjects, but the three students who topped the BT-Citibank Young Investors' Forum commentary competition all had one thing in
      CHRIS LOH  -  525 words
    • 984 12 We reproduce below the essay of Cai Wenzheng, Singapore Management University, one of the three winners of the competition OUR country has come a long way since its independence. As living standards rise, signs of poverty have faded into the shadows. Today's
      Graphics by Lee Hsueh Ling  -  984 words
  • Page 12 Advertisements
    • 251 12 Be smart with your finances FANCY becoming the next Warren BufTett or George Soros? Or even the famous Robert Kiyosaki? Then read on. The Young Investors' Forum, part of the BT-Citibank Tertiary Outreach Programme, isn't another dry page out of your financial textbook. To complement our editorial content, we have
      251 words

  • MALAYSIA/INDONESIA
    • 347 13 The challenge it faces is to source for higher-yielding instruments [KUALA LUMPUR] The Employees Provident Fund (EPF) has begun investing in direct private ventures as part of its portfolio programme, according to Malaysia's Business Times. For a start, the EPF is looking at
      347 words
    • 253 13 Xinhua [JAKARTA] The Indonesian government will shorten the time needed to process foreign investment applications from five months to one month, Coordinating Minister for Economy Aburizal Bakrie said. "It's usually 150 days, but we will shorten it to only 30 days.
      Xinhua  -  253 words
    • 206 13 Bloomberg [KUALA LUMPUR] Malaysia plans to make 15 sales of ringgit-denominated government bonds next year, including 20-year bonds that will be the first auction of its longest-maturity debt in about 14 years. The size and date of the 15 sales were not
      Bloomberg  -  206 words
    • 42 13 [LUIBARAT. Malaysia]A boy playing with a sparkler to celebrate Hari Ray a Puasa in the Malaysian village ofLui Barat yesterday. Muslims all over the world celebrated Hari Raya to mark the end of the holy month of Ramadan REUTERS
      REUTERS  -  42 words
    • 8 13 Compiled by Thomson Financial I/B/E/S
      8 words
    • 755 13  -  MALAYSIA INSIGHT Exciting prospects with high-growth start-ups and possible cross-border deals PAULINE NG KL Correspondent DEEPARAYA. It's the unique Malaysian celebration of Deepavali and Hari Raya combined, a double dose of festivities that started last week and continue this week. And there has been enough to
      755 words
    • 444 13  -  Company will seek opportunities in non-auto sectors By PAULINE NG in Kuala Lumpur GE Capital Asia Pacific may not have been able to make any headway in car financing in Malaysia, but it is still interested in the Malaysian consumer finance market.
      444 words

  • GREATER CHINA
    • 536 14 Regulators likely to maintain lending curbs in the first half of 2005 Bloomberg [BEIJING] China's total outstanding car loans has fallen about 13 per cent in the third quarter, after the government told commercial banks to curb lending to help cool economic
      Bloomberg  -  536 words
    • 489 14 AFP [BEIJING] China said last Saturday that its supplies of coal, electricity and oil remained insufficient despite increases in production and imports. "Although there has been a rapid increase in China's coal, electricity, oil and transport supply, it is not adequate to satisfy
      AFP; REUTERS  -  489 words
    • 310 14 AFP, Bloomberg [BEIJING] China's total foreign trade is expected to •jump 30 per cent year-on-year to US$l.l trillion, making it the world's third largest trading power, the Ministry of Commerce said. In a research report published on its
      AFP,; Bloomberg  -  310 words
    • 178 14 AFP [HONG HONG] Forget asset stripping, a dozen leading Hong Kong businessmen and women have been divesting their business suits to reveal their bottom lines for a cheeky charity calendar, a media report said yesterday. Professionals Exposed 2005 is a series of 12 tasteful nude
      AFP  -  178 words
    • 557 14 Fund managers say it may slide more than 10% next year Bloomberg [TAIPEI] Taiwan's technology investment may fall more than 10 per cent next year because of slowing demand for semiconductors and flat panel displays, fund managers said. That would be a bigger decline
      Bloomberg  -  557 words
    • 393 14 AFP [BRASILIA] Brazilian President Luiz Inacio Lula da Silva took heat from industry last weekend for recognising China as a market economy, the latest move in a deepening relationship between the two nations. In return, Mr da Silva got a tacit promise from
      AFP  -  393 words
  • Page 14 Advertisements

  • INDIA
    • 717 15 Reassured by new government investors shrug off slowing growth AFP [NEW DELHI] India's economic growth is slowing, inflation is near three-and-a-half year highs and an interest rate rise may be looming but all that is not spoiling the country's financial party. Suddenly
      AFP  -  717 words
    • 416 15 Poor monsoon led to weakening demand: analysts Reuters [NEW DELHI] India's industrial output rose 7.7 per cent in the year through September, slowing from August, which analysts said could reflect weakening domestic demand following a poor monsoon. The September increase compared
      Reuters  -  416 words
    • 458 15 Reuters [MUMBAI] Indian shares, which briefly crossed the psychologically important 6,000 mark in festival inspired trading on Friday, are expected to rally into early next year, say equity analysts. In a truncated special session on Friday to mark the beginning of the Hindu New
      Reuters; REUTERS  -  458 words
    • 407 15 [NEW DELHI] India and Russia are poised to sign an agreement during the Dec 3-4 visit of Russian President Vladimir Putin which will transform relations, The Hindu daily reported yesterday. A massive US$3 billion Indian investment in two oil and gas fields
      AP  -  407 words
    • 470 15 Reuters [HONG KONG] Private equity firm 3i Group pic says it will spread its global reach into India by the first half of next year, where it sees fertile growth prospects and investment opportunities. 3i, which has invested 2 per cent
      Reuters  -  470 words
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  • Page 15 Miscellaneous
    • 314 15 CRYPTIC CROSSWORD 1 Make an offer on one in the —U IiHH same place 3 Where researchers work on b I I I I lit I I I 8 Public service vehicles wel- "iHHf 1 come quiet vagrants (6) MM—— 9 Accompanied to secret do in 10 I limited by
      314 words

  • ASIA-PACIFIC/WORLD
    • 511 16 Vote on Cafta is watershed and will affect other pacts under negotiation Reuters [WASHINGTON] US business and labour groups are gearing up for a battle early next year over a free trade pact with five Central American countries that could have major consequences
      Reuters  -  511 words
    • 440 16 Reuters [NEW YORK] Top executives at pharmaceutical giant Merck Co decided in May 2000 against developing a study to test directly whether its Vioxx painkiller drug might pose a heart risk, The New York Times reported on Saturday. Just two months after results
      Reuters; REUTERS  -  440 words
    • 533 16 Libert y's extra investment in News Corp is 'friendly": Malone Aim is to make voting, economic stakes equal Bloomberg [NEW YORK] Liberty Media Corp chairman John Malone says his company's plans to raise its voting stake in News Corp, the fifth-largest media company, are "entirely friendly" and he still supports
      Bloomberg  -  533 words
    • 360 16 Reuters [NEW YORK] Discount brokerage heavyweights Charles Schwab Corp and Ameritrade Holding Corp said on Friday that business picked up in October and increased markedly in early November as the stock market rose following the presidential election. Schwab, the biggest US discount brokerage,
      Reuters  -  360 words
    • 330 16 Reuters [CANBERRA] Australia's conservative government is on a collision course with trade unions with its plans to introduce sweeping new labour laws. The government begins its fourth term in office tomorrow. Australia's unions once boasted a worldwide reputation for strikes but have been
      Reuters  -  330 words
    • 478 16 NYT [PARIS] In another era, it would have seemed normal for a leading British museum to be given art by a wealthy collector. Yet it was a sign of today's very different times that Nicholas Serota, director of London's Tate, was seen to
      NYT; AFP  -  478 words

  • AVIATION
    • 497 17 Lessor CIT says expected airline liquidations to hit US market Reuters [NEW YORKI Demand for airplanes will grow much faster outside the United States than inside over the next few years, and only two to three large US airlines will survive
      Reuters; AFP FILE PHOTO  -  497 words
    • 282 17 Reuters [SHANGHAI] China Southern Airlines Co Ltd, the country's largest airline, said last Saturday that it would buy assets worth US$2 billion from its state parent as part of a restructuring of the fragmented industry. Beijing began a consolidation drive in late
      Reuters  -  282 words
    • 389 17 Reuters [TAIPEI] US aircraft maker Boeing said it will not engage in a price war with Airbus despite losing market share to its arch rival, which has ramped up aircraft production more aggressively. As the airline industry emerges from its worst-ev-er slump, Boeing
      Reuters  -  389 words
    • 267 17 Reuters [LONDON] British billionaire Richard Branson said on Friday that Virgin Group was talking tq domestic Indian airlines about taking a 49 per cent stake in some carriers. "We are planning to do a lot in India. Virgin Group are in discussions
      Reuters; FILE PHOTO  -  267 words
    • 105 17 AFP [BEIJING] The body of a boy who fell from the landing gear of a passenger plane on which he and a friend had stowed away was found on the tarmac soon after the aircraft took off, reports said yesterday. The boy's 13-year-old
      AFP  -  105 words
    • 515 17 NYT [NEW YORK] US Airways Group has asked a bankruptcy court judge to terminate the long-term contracts of its flight attendants, mechanics and customer service and ticket agents if the workers fail to agree on millions of dollars in pay and benefit
      NYT  -  515 words
    • 385 17 AIRLINE CODES: AA: American Airlines (AAL), AF Air France (AFR), AI: Air India (AK), AY Finnair Oy (FIN), AZ: Alitalia Airlines (AZA),BA: British Airways Public Ltd Co (BAW), BG Biman Bangladesh Airlines (BBC), BI: Royal Brunei Airlines Sdn Bhd (RBA), BO Bouraq Airlines (BOU), BR EVA
      385 words

  • SHIPPING
    • 692 18  -  Profit from box shipping rises to US138m on higher rates, volumes By DAVID HUGHES in London ROYAL P&O Nedlloyd (RPONL) became the latest liner company to announce buoyant results, with a Q3 operating profit from container shipping of US$l3B million compared with US$53 million
      FILE PHOTO  -  692 words
    • 423 18 Bloomberg [NEW YORK] Oil tanker rates to the US jumped as much as 29 per cent last week as Opec increased its oil output to meet surging world demand, increasing competition for available ships. "The more barrels they pump
      Bloomberg  -  423 words
    • 211 18 AP [TOKYO] A South Korean cargo ship, buffeted by strong winds and waves, hit a breakwater in northern Japan on Saturday, killing six crew members and leaving one missing at sea. The 5,500-ton Marine Osaka had a crew of 16
      AP; REUTERS  -  211 words
    • 341 18  -  By DONALD URQUHART [SINGAPORE] A visiting senior US official urged the Bangladesh government to privatise the nation's main Chittagong Port saying "sincere" efforts were needed to exploit its full potential. "If you look at the Chittagong Port, you will see it is a
      341 words
    • 288 18  -  By DONALD URQUHART [SINGAPORE] Thai-listed intra-Asia feeder operator Regional Container Line (RCL) has expanded its coverage with its first foray using its own vessel, into the growing Middle East trade. The weekly fixed-day service between Singapore, Jebal Ali, Karachi and Port Klang began on Friday
      288 words
    • 152 18 AFP [ALGIERS] One sailor drowned and 18 were missing after three boats were shipwrecked off the port of Algiers in violent storms on Saturday night, Algerian radio reported yesterday. Another three people were killed and 10 were injured in the collapse
      AFP  -  152 words
    • 304 18 Vessel, crew held over row involving another firm AFP [HANOI] Vietnam has lodged an official protest with Tanzania after a Vietnamese cargo ship and its crew were detained as a result of dispute involving another Vietnamese company four years ago, state
      AFP; AP  -  304 words
    • 291 18 SGX *000 H—12 SS Vol CH Offshore 0.40 0.01 1200 Chuan Hup 0.67 0.01 3439 Cosco Corporation 1.16 -0.02 9500 CWT Distribution 0.57 0.01 368 Ezra Hldgs 1.15 -0.01 207 Freight Unks 0.10 -0.01 211 Grand Banks Yacht 0.90 -0.01 96 Jaya Holdings 1.02 0.01 1614 K1 Venture
      291 words

  • Page 19 Advertisements
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  • 3940 24 STRAITS TIMES INDEX STOCKS Stodi name JW dose Change Stodi name Wl dm ttoy Allgreen 50c 0.29 1.060 NOL 2.15 3.040 +0 050 8IL Intl US20C 0.43 0.935 -0.010 OCBC 10.23 13.700 Caprtaland 1.34 2.020 +0.020 Parkway H 25c 0.66 1.430 -0.020 Chart SemiCond 26c 0.78 1.040 People's
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  • 970 25 COMMODITIES: WEEKLY ROUNDUP AFP [LONDON] World oil prices plunged last week as traders bet on there being sufficient supplies of US heating oil to satisfy demand during the northern hemisphere winter. Meanwhile, precious metals remained in favour among investors. The Commodities Research Bureau's index
    AFP  -  970 words

  • BizIT
    • 549 26  -  It crosses 10% market share mark in Singapore in Q3, region head Bill Amelio tells RAJU CHELLAM RAJU CHELLAM THE world's largest personal computer maker, Dell Inc, is planning to make a concerted push to sell to SMEs (small and
      FILE PHOTO  -  549 words
    • 626 26 Mobile telephone giants hope customers will take to the new mass-market services [LONDON] IT'S crunch time for Europe's mobile telephone giants. After spending billions of euros on 3G licences, they now hope to persuade millions of customers to make the switch to the new 3G
      AFP  -  626 words
    • 168 26 AFP [BERN] Switzerland's main telco, Swisscom, which has already announced 390 job cuts for next year, will continue to shed around 100 jobs per year in a bid to cut costs and improve profits, its CEO said on Saturday. The exact number of people to
      AFP  -  168 words
    • 233 26  -  By ROLAND LIM What is the biggest benefit that infotech outsourcing can yield to companies which outsource their IT functions? Getting access to specialised IT skills that are otherwise not available, says Singapore IT professionals in a recent survey by the EIU (Economist Intelligence
      233 words
    • 404 26 Reuters [SAN FRANCISCO] Advanced Micro Devices (AMD) expects sales of its flash memories and microprocessors in 2005 to outpace the growth of those two overall markets, the company's chief financial officer said. "We're well on our way to a transformed business model," Bob
      Reuters  -  404 words
    • <what's up>
      • 44 26 SIEMENS Business Services Singapore said it has won a three-year multi-mil-lion dollar managed services contract with logistics company Schenker AsiaPacific. The deal covers 24hour helpdesk support and managed hosting services of Schenker's critical applications for its 14 offices in the region.
        44 words
      • 42 26 PROCURVE Networking, a business unit of HewlettPackard, has appointed Louis Au as its vice-presi-dent and general manager for the Asia-Pacific and Japan region. Mr Au was previously regional director for global accounts in Asia at Nortel Networks.
        42 words
      • 54 26 A THREE-DAY RFID Summit will be held from tomorrow at the Grand Copthorne Waterfront Hotel. It is organised by the Singapore Manufacturers' Federation and aims to educate participants on how to design, implement, and determine return-on-investment on Radio Frequency Identi- fication pilot projects. For details, visit
        54 words
      • 68 26  -  Compiled by ROLAND LIM VIRUS-BUSTER Symantec Corp said 66 per cent of emails received by companies worldwide in October were spam or nuisance mails. Of these, 25 per cent tried to hawk products, and 14 per cent were categorised as "adult". A huge
        68 words
    • 557 28  -  Sales of converged devices are set to soar in Singapore, reports AMIT ROY CHOUDHURY AMIT ROY CHOUDHURY WHILE the market for PDAs (personal digital assistants) stagnates 'or declines, the market for smart-phones and converged devices (which combines a phone and a PDA) is set to grow
      557 words
    • 260 28 IS Palm One going to ditch the Palm OS (operating system) in favour of either the Microsoft OS or a Linux OS for its new range of Treo phones? There are market rumours that Palm One is seriously considering doing the unthinkable in its bid
      260 words
    • 474 28  -  By RAJU CHELLAM IN spite of the continuing slump in overall chip sales, the demand for silicon wafers continues to rise, albeit at a slower pace. In Q3 this year, global shipments of silicon wafers crossed 1.62 billion square inches, up a robust
      474 words
    • 242 28  -  By ROLAND LIM IF you thought computer games are for kids, think again. In the first 24 hours of its worldwide launch last week, Microsoft Corp's much anticipated Halo 2 game raked in US$l25 million, with 2.4 million units of it being sold
      242 words
    • <what's new>
      • 67 28 DIGITAL Info Technology, a subsidiary of Singapore-based Thakral Corp. is distributing the Nimcard Express software and the Nimcard Express Scanner, a business card scanning solution. The software works with any flatbed scanner, or with the Nimcard Express Scanner, to capture data on business cards electronically. The
        67 words
      • 61 28 MACROMEDIA Inc has announced its new Macromedia Captivate that enables users to record on-screen activity and create software demonstrations and interactive simulations. Targeted at trainers and teachers, the software can produce content in a Macromedia Flash format. It costs US$299 for upgrades from RoboDemo 4.x and
        61 words
      • 87 28 lOMEGA Corp has launched a new network storage device for home users and small offices. Called the lomega Network Hard Drive, it is a network-attached storage device that connects to any local area network via a Fast Ethernet port and can function independently, without the need
        87 words
      • 55 28 SOUTH Korea s LG Mobile has launched its first 1.3 megapixel camera phone, the LG T5lOO. It offers advanced camera functions, including white balance, built-in flash, MP3 playback, video capture, and can take up to nine consecutive shots. It costs $888 and will debut next
        55 words
      • 66 28 NOVELL Inc said its Novell Linux Desktop 9, an end-user desktop platform, is now available. It is based on the Suse Linux Enterprise Server 9 platform, includes Novell's edition of Openoffice.org, the Mozilla Firefox web browser, and Novell Evolution, its collaboration client for Linux. It costs
        66 words
      • 57 28 TAIWAN-BASED BenQ Corp said it will launch the BenQ FP7IE+ LCD monitor, which claims to be the world's first LCD monitor with a response time of 8 milliseconds, at Sitex. The 17-inch LCD monitor features a contrast ratio of 500:1,300 nits of brightness, and will
        57 words
      • 95 28  -  Compiled by ROLAND LIM JAPAN'S Olympus will launch three new digital cameras at Sitex at Singapore Expo from Nov 25-28. The 8 megapixel Olympus E-300 digital SLR is is based on what is called the "Four Thirds System" for digital SLRs, costs $1,699, and can
        95 words
  • Page 26 Advertisements
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    • 65 28 Be2^iHH Authorized Dtetribmor Dmtm AV-Sdanee Marketing Pte Ltd Office 1 Pte Ltd u m v 3 Upper Aljunied Link Block B (tubmMwy^NTUCFmpno^ VSSSimI #06-06 Joo Sena Warehouee ma Funan IT Mall Singapore *****2 #05-25/32 Te1:+********** Fax: +66 *****511 Singapore *****7 A.I. «1 Pfc., M Email: avsmOav-scienoe.com Darfy. 10.00 am 8.30pm
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    • 14 28 U INTERVIEW Bill Amelio says Dell is focusing on SMEs this year pg 26
      14 words