The Business Times, 3 January 2005

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Microfilm: NL25906
Total Pages: 26
1 26 The Business Times
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  • Title Section
    Lock icon Masthead
    16 1 THE BUSINESS TIMES MCA (P) 023/*****4 Monday January 3L 2005 SINGAPORE 85 cents online at xonLsg
    16 words
  • Article, Illustration
    Lock icon GDP slowdown seen hitting home in 6 mths
    746 1  -  Still, the first quarter is expected to hold up well By ANNA TEO [SINGAPORE] Growth in the final quarter of 2004 did come up short of market forecasts after all but the sharp slowdown expected in the Singapore economy this year will
    Source: MTI  -  746 words
  • Article, Illustration
    Lock icon A CHILD REMEMBERS
    77 1 Four-year-old Anisha Uteem from Mauritius lighting a candle during a church service in London for victims of the tsunami disaster. One thousand candles were lit in tribute to victims during the New Year's Day prayer vigil on Saturday. Hundreds of people gathered for the inter-denominational service at
    AP  -  77 words
  • Article
    Lock icon S'pore offers office space, facilities to help set up UN tsunami relief centre
    519 1  -  Number of uncontactable S'poreans now 81 By TEH HOOI LING [SINGAPORE! Augmenting its offer as a staging area for the tsunami relief efforts. Singapore is now offering office space, equipment and the facilities for the United Nations
    519 words
  • Article
    Lock icon MARKETS DIGEST
    107 1 MARKETS Wtck Chge STI 2066.14—+10.58 KLSE COMP 907.43 +0.23 NIKKEI 225 *****.76 ....+123.28 HANG SENG *****.14 +35.24 SET INDEX 668.10 -2.25 JAKARTA COMP ...1000.23 +13.72 MANILA COMP ....1822.83 +15.34 TAIPEI TAIEX 6139.69 ....+120.27 SEOUL COMP 895.92 +16.00 SHENZHEN B .219.80 -14.92 AUSTALLORD 4053.10 +3.80 DOW JONES *****.01 -44.11
    107 words
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  • TOP STORIES
    • Article
      Lock icon Second casino? Investors asked to do a 'what if'
      548 2  -  But minister emphasises nothing is decided yet By DANIEL BUENAS [SINGAPORE] If the Singapore government decides to go ahead with its plans for a casino, it is possible that more than one integrated resort may spring up here. Last week, the
      548 words
    • Article, Illustration
      Lock icon Dollar watchers look to further falls this week
      740 2  -  US DOLLAR: OUTLOOK 2005 Next month's G7 meeting may hold key to greenback's stability By ANTHONY ROWLEY in Tokyo AFTER ending 2004 at a nine-year low against a basket of other leading currencies, the US dollar will be the main focus of
      AFP  -  740 words
    • Article, Illustration
      Lock icon THREE-MINUTE DIGEST
      955 2 FHTK asked to start repaying $35m China bank loan FHTK Holdings, the fruit and vegetable wholesaler listed on the Singapore exchange, said it will have to start paying down its $34.8 million bank loan. In an update on its negotiation with the bank, the company said it will
      AP  -  955 words
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      57 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: Simonne Toh T:+6s 6535 3382 F:+6s 6535 3991 E: singapore@ocra.com.sg 24
      57 words
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      34 2 Recruit from a wider audience XXXX X X X U- J J J J 3 J %w? O nmiiiiiiil Call 1800 289 8822 or email recruit@sph.com.sg for your recruitment solutions ■dpM B miij X
      34 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon The year Temasek surprised the market
      923 4  -  2004 was also dominated by scandals that hit S'pore-listed firms By WONG WEI KONG A HUGE dose of the unexpected, with lots of twists and turns that sums up the corporate year in 2004. Two main themes ran though the year: Temasete Holdings' accelerating
      REUTERS; FILE PHOTO  -  923 words
    • Article
      Lock icon Quotation of taxable book-entry Singapore Government Bonds (Dec 31,2004)
      246 4 NUMBER CLOSING GROSS MATURITY YEAR RAISED COUPON AMOUNT MTBtEST OF DAYS Of PRICES* REDEMPTION DATE RATE (Sm) PAYMENT ACCRUED (EXCLIONG YIELD ISMCOOE p.a) 0MB iJTEREST ACCRUED INTEREST) pJ) 01.02.2005 N*****0X 2000 4 4600.00 1/8 1/2 152 100.21 1.56 SG********** 15.10.2005 N*****QA
      246 words
    • Article
      Lock icon Brokers' trading curbs should be better handled
      586 4  -  HOCK LOCK SIEW By R SIVANITHY SHOULD brokers be made to adhere to strict disclosure standards when it comes to announcing in-house trading curbs? It's certainly an interesting question, given the seemingly haphazard way in which individual houses announce trading restrictions and the
      586 words
    • Article
      Lock icon FHTK asked to pay up $35m Chinese bank loan
      302 4 FRUIT and vegetable wholesaler FHTK Holdings said over the weekend it will have to start paying up a $34.8 million bank loan from this month. Giving an update on its< negotiation with the bank, the company said it will have to
      302 words
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      65 4 Corporate Announcement With effect from 1 January 2005, BDO International, BDO Patrick Tay Partners, and Chia, Wong Partners will be grouped under one practice known as BDO Raffles. Our office location, contact details and website address remain unchanged. BDO Raffles Certified Public Accountants "Global Vision, Local Emphasis" 5 Shenton Way
      65 words
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      27 4 Recruit from a wider audience X x Q* O I JUU ji o n ii r Call 1800 289 8822 or email recruit@sph.com.sg for your recruitment solutions
      27 words
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  • Page 5 Advertisements
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      186 5 21 hw? 'J ||[|^^^^^^^^^^^^^^3^^^^^^^^^^^HHHHRHHHSHillßHlHHiHlHSEHiHlißSSSSSSS9EßUysl^K^^^^^^^^^^^^^^l MWH— W fl W& i!Pi v> Hjw -r a I Bp I I iBS >«pr Eblb MWI^LW^BII^ •> W>^ i >v"-'- 7.."".!■. ••> Now more than ever, we're a part of the Singapore scene. We are now Citibank Singapore Limited. Riding on the longstanding ties between
      186 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Can small-cap stocks close the gap?
      665 6  -  STOCKS R SIVANITHY Senior Correspondent SO the year ended not with a big bang in blue chips but with punters banging penny stocks instead the final weeks of 2004 were marked by hectic rotational playing of second-liners, with stocks popping in and out of
      REUTERS  -  665 words
    • Article, Illustration
      Lock icon BROKERS' RECOMMENDATIONS
      1488 6 The stock recommendation is the average of all the recom- Number forecast Median mendations submitted by analysts following the stock. There RECOMMENDATION of EPS PE Target is a total of 29 brokers submitting recommendations but not COMPANY This Week/last Week Estimates (times) (S) every stock is followed by
      1,488 words
    • Article
      Lock icon Asian units rise against weakening US$
      347 6 CURRENCIES AFP [HONG KONG] Asian currencies were up against the dollar over the last week of 2004, as concern persisted over the US economy. Japanese yen: The Japanese currency stood at 103.67 to the dollar in Thursday afternoon trading, compared with 103.73-76 on Dec
      AFP  -  347 words
    • Article
      Lock icon DIVIDENDS ANNOUNCED
      397 6 Payment b toot* Pay Paymen' Ei Books Pay EH) «itf fim 4*t± (ml date ctoe date APflBrewene* f 14lt St-Jjr 03 feb >6-f«fc Popular Mldgs 10c •> 020 03 lan 06 lan 18-Jar AsdD»fcorHK15c I «mb11TA 28-Dk 31-0* K m ffc»Hte« Edu2.5c w 050 230ec ;BDk 07 ia«
      397 words
    • Article, Illustration
      Lock icon One-year top losers' portfolio rebounds 12%
      1098 7  -  TEH HOOI LING Senior Correspondent THE one-year top losers portfolio came back with a vengeance last week, surging 11.5 percent on the back of the continued play on second line stocks. Last week, the UOB Sesdaq Index put on 3 per cent its second
      1,098 words
    • Article, Illustration
      Lock icon Insiders upbeat despite recent selling surge
      1257 7  -  INSIDE MARKETS December's net buy figures are highest in nine months, even though market hits its highest level since April, says ROBERT HALILI ROBERT HALILI THERE was a surge in selling activity last week with 15 firms recording 38 disposals based on filings to
      FILE PHOTO  -  1,257 words
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      84 6 WEEK AHEAP Investor events to watch out for Berger Int'l, EGM, Jan 11 Sembcorp Log's dividend payment, Jan 4 Koda's dividend payment, Jan 5 Streettracks STI's dividend payment, Jan 5 Giant Wireless' dividend payment, Jan 6 Raffles Edu's dividend payment, Jan 6 Sembcorp Ind's dividend payment, Jan 7 Roly Intl's
      84 words
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  • VIEWS FROM THE TOP
    • Article, Illustration
      Lock icon Slowdown ahead
      3297 8 THIS WEEK'S TOPIC Which major economic trends do you think will be most significant in 2005? A year of moderate growth is envisaged by the members of BT's CEOs Club writing in this week. The continued rise of China and India, high energy prices and a weaker US
      3,297 words
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      70 8 BT CEOs e-Chib 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
      70 words
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  • Page 9 Advertisements
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Petrochem decision: Shell, EDB take next step
      710 10  -  NEWS ANALYSIS If the parties go ahead, it'll be a multi-billion-dollar investment By RONNIE LIM IT'S not in the bag yet: The coming 12-18 months will be crucial in determining whether Singapore can secure its fourth multi-billion-dollar petrochemical investment. This is the stage
      FILE PHOTO  -  710 words
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      2061 10 |^^^^^^^^To^vtrtiMdltol^eHMo2^M22/Em^hnotic(s9sph|Com^ AI VI^ G E H L p iNCS wo N M di (Incorporated in the Republic of Singapore) NOTICE IS HEREBY GIVEN THAT the Annual General Meeting of Thai Village Holdings Ltd will be held at 22 Scotts Road, Goodwood Park Hotel, Singapore *****1, on Thursday 20 January 2005
      2,061 words
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      Lock icon Page 10 Advertisements Column 2
      174 10 MB vC' BS-\.' 4<(t To remain competitive in this era of increasing globalization you'll need a world of difference and the UCLA NUS Executive MBA program makes all the difference in the world. Six residential sessions in three global powerhouse business centers Los Angeles, Shanghai and Singapore provide an intensive
      174 words
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  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • Article, Illustration
      Lock icon A whole new world
      784 11 LAST month, we looked at credit c&rds and issues relating to choosing a financial planner. As we head into the new year, we spend the month of January looking at how to land your first job, and take a peek at what it takes to succeed
      graphics/ JACQUELINE PHUA  -  784 words
    • Article, Illustration
      Lock icon Small means, big hearts
      801 11  -  CAMPUS LIFE After spending three weeks with the people of Myanmar, KELVIN SAM, a third-year Singapore Management University business student, realises that there is much about them that we should admire KELVIN SAM I SPENT my December holidays in a school in Mhawbi village, Myanmar. I
      801 words
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      251 11 Be smart with your finances FANCY becoming the next Warren Buffett or George Soros? Or even the famous Robert Kiyosaki? Then read on. The Young Investors' Forum, part of the BT-Citibank T ertiary Outreach Programme, isn't another dry page out of your financial textbook. To complement our editorial content, we
      251 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon China not likely to change yuan band in H1: poll
      529 12 Three economists polled see the band widening by as much as 3% later Reuters [SHANGHAI] China is not expected to widen the ra-zor-thin band it holds the yuan in during the first half of 2005 as policy makers focus on
      Reuters; REUTERS  -  529 words
    • Article
      Lock icon Hu pledges fast and healthy growth in 2005
      437 12 He says China is at a crucial stage of development AFP. AP [BEIJING] Chinese President Hu Jintao pledged on Saturday to maintain "fast and healthy" economic growth in 2005 but warned China was at a crucial stage of development, state press said.
      AFP.; AP  -  437 words
    • Article
      Lock icon Japan's economy won't improve in 2005, say CEOs
      218 12 They cite possible downturn in US economy: poll AFP [TOKYO] A majority of chief executives at big Japanese companies predicted the country's economy would not improve in 2005 due largely to a possible US economic downturn, an opinion poll showed yesterday. The
      AFP  -  218 words
    • Article
      Lock icon Indian economy grows a slower 6.6% in Q2
      191 12 AFP [NEW DELHI] India's economic growth slowed to 6.6 per cent in the second quarter of the financial year from 7.4 per cent due to a fall in the growth of the farm sector, government data showed on Saturday. The farm sector,
      AFP  -  191 words
    • Article
      Lock icon 195 trillion won Korean budget passed
      257 12 Bloomberg [SEOUL] South Korea's Parliament passed a 195 trillion won (SS3OB billion) budget for 2005, two hours before the new year began, after action was stalled by wrangling between the ruling and opposition parties over a security law. The government is planning to spend
      Bloomberg  -  257 words
  • Page 12 Advertisements
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      102 12 "WW 71 J 1 1 1 Presented Diners Club Credit Card Where to wine, dine and entertain... Arguably the BEST 2 selection of TOP Australian wines in Singapore #02-02 Tanglin Shopping Centre Next to Orchard Parade Hotel Tel *****213 *****699 *****170 c \,yu Straits Kitchen (Te1:6416 7114) 1 .1 ,1
      102 words
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      Lock icon Page 12 Advertisements Column 2
      13 12 Pootskte, level 4, above Tanglin Mall. Reservations recommended. W: 4931 4373. m 3L-
      13 words
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      23 12 Ifs official. We're in alliance. Announcing a merger? Call 1800 289 8822 or email notices@sph.com.sg to book your advertisement in our newspapers now.
      23 words
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      Lock icon Page 12 Advertisements Column 4
      83 12 Local Wok Delights Local Wok Delights Local Wok Delights Local Wok Delights Local Wok Delights Local Wok Delights Relish the full, fragrant flavours of our wok favourites. Popular dishes on the menu include wok-fried ostrich, stir-fried black pepper beef and wok-fried chicken. All served with rice and vegetables. Available weekdays
      83 words
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      Lock icon Page 12 Advertisements Column 5
      39 12 MERITUS MANDARIN SINGAPORE Smti-'Eii/kt Semi-buffet Lunch-. TOD 12.00 noon to 2.30 pm Ofm£ Monday to Friday. $38+++ per person Vlx Reservations: 6831 6258/88 """Z"' merTtus MANDARIN 333 Orchard Road, Singapore *****7. Tel: +65 6737 4411. Fax: +65 6732 2361.
      39 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Tough decisions await Abdullah in the new year
      1171 13  -  MALAYSIA: OUTLOOK 2005 He may need to shuffle cabinet to accommodate party's rising stars By S JAYASANKARAN in Kuala Lumpur EXPECT a cabinet reshuffle in Malaysia by the first quarter of this year. The move is widely anticipated by political analysts who
      AFP  -  1,171 words
    • Article
      Lock icon KLSE: BROKERS' RECOMMENDATIONS
      1239 13 aL A &feiA»««aA n f mil #lkA fwlWlB^Bl I ne stock recommendation is in€ awraQv ot an xne recom- Price mendatkms submitted fay analysts following the stock. There ■rrn—innamm of EPS Pi Tvgct is a total of 29 brokers submitting recommendations but not compahy MflMMMIal ff) SSL
      1,239 words
    • Article
      Lock icon Newmont acts to stop waste disposal review
      334 13 AP [DENVER] Newmont Mining Corp wants to bar shareholders from voting on a proposal that would require a company review of waste disposal programmes in Indonesia, where it is accused of poisoning villagers. Attorneys for the Den-ver-based company, the world's largest gold producer,
      AP  -  334 words
    • Article
      Lock icon M'sia-Thai pipeline to boost border areas
      256 13 [KANGAR, Perlis] The Ma-laysia-Thai gas pipeline project, which costs over RMI billion (*****.4 million), will boost border development in both countries and create spin-off prospects for supporting industries, the Star newspaper reported. Kalantar Mastan, chief executive of Trans-Thai-Malaysia (Thailand) Ltd (ITM), told the newspaper
      256 words
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon Thousands protest in HK against opposition lawmakers
      488 14 Politicians accused of sabotaging business deals, hurting HK's image AP [HONG KONG] Thousands of protesters marched through downtown Hong Kong on Saturday, accusing opposition lawmakers of sabotaging business deals and damaging the territory's image as a global financial hub. The crowd, which police
      AP  -  488 words
    • Article
      Lock icon China starts year with raft of new laws
      384 14 AFP [BEIJING] China enacted 88 new laws on the first day of the New Year that cover a wide range of areas including foreign trade, taxation, advertising standards and supervision of the military, state press said. As part of China's accession to
      AFP  -  384 words
    • Article
      Lock icon India to recognise international drug patents
      438 14 Law will be ratified in Feb to meet WTO commitment Reuters (BOMBAY] India's drug industry enters a new era in 2005 when laws recognising foreign patents take effect, ending a copycat trade that has fostered local pharma firms for three decades and helped bring
      Reuters  -  438 words
    • Article
      Lock icon 2005 unlikely to be better for Chinese stockmarkets
      339 14 AFP [SHANGHAI] After another lacklustre year on Chinese stockmarkets, 2005 is shaping up to be no better, with the same regulatory and liquidity problems promising to stunt investor confidence and real growth. Worries about the government's long-proposed sale of shares in stateowned
      AFP  -  339 words
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      1662 14 ■M^^^^^^^^^^^T^dvertis^alHolHreM86^8^82VEmail^iotkes@sph^com^sg FORM 69(4) NOTICE OF INTENDED DIVIDEND Name of Company Exploration PNG |S) Pte ltd (In liquidation) Address of Registered Office c/o The Liquidator's Office Nature of Matter Companies Winding Up No. 368 of 2001 Amount Per Centum 50.0% First Final or Otherwise Second Interim Dividend When Payable 03 January
      1,662 words
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      560 14 FIBRECHEM TECHNOLOGIES LIMITED (Incorporated in Bermuda) NOTICE IS HEREBY GIVEN that a SPECIAL GENERAL MEETING of the Company will be held at Meritus Mandarin Singapore, 333 Orchard Road, Singapore *****7, Suite 831, Bth Floor, South Tower, on 27 January 2005 at 10.00 a.m. for the purpose of considering and. if
      560 words
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  • ASIA-PACIFIC/WORLD
    • Article
      Lock icon Relief workers make headway
      563 15 TSUNAMI TRAGEDY Supplies getting through now at air strips; volunteers battle elements to bury bodies Bloomberg AFP, AP, Reuters AFP. AP. Reuters [BANDA ACEH, Indonesia] An unprecedented global a! 4 operation gathered steam yesterday to save survivors of Asia's tsunamis as signs crept up of disease
      Bloomberg AFP, AP, Reuters; AFP.; AP.; Reuters  -  563 words
    • Article
      Lock icon Economist gives Greenspan partial credit for 1990s boom
      325 15 Bloomberg [WASHINGTON] US Federal Reserve chairman Alan Greenspan can take only partial credit for the longest economic expansion on record in the *****, Morgan Stanley's chief economist Stephen Roach wrote in Foreign Policy, a magazine published by the Carnegie Endowment for International
      Bloomberg  -  325 words
    • Article, Illustration
      Lock icon ANGELS IN AMERICA
      51 15 [LINCOLN. Nebraska] Kyle Sinagra. 8. waving to a passing car as he and his cousin Jessica Scheve sell homemade cupcakes to raise money for the tsunami victims. As of Jan 1. the children had raised U5562.12. Their parents and grandparents are going to match the final total.
      AP  -  51 words
    • WORLD WATCH
      • Article
        Lock icon Taiwan firm to invest NT$130b in steel plant
        69 15 AFP ITAIPEI] Taiwan's Formosa Heavy Industries Corp plansjo invest NT$l3O billion (556.7 billion) to build a steel factory in central Taiwan, it was reported on Saturday. The company, a subsidiary of Taiwan's leading conglomerate the Formosa Plastics Group, has filed an application
        AFP  -  69 words
      • Article
        Lock icon Volkswagen in talks to set up India factory
        65 15 Reuters [HYDERABAD, India] Europe's largest carmaker Volkswagen AG will send a team of officials to India's Andhra Pradesh state to sew up a deal to set up an automobile plant, the state's industry minister said yesterday. "They are expected here in a
        Reuters  -  65 words
      • Article
        Lock icon Rosneft's seizure of unit 'illegal': Yukos
        82 15 Reuters [NEW YORK] Battered Russian ail major Yukos said on Friday that Russian state oil firm Rosneft's assumption of control over key unit Yuganskneftegaz was tantamount to an "illegal seizure" of its asset. In a statement, Yukos said that the Russian Federation "chose to
        Reuters  -  82 words
      • Article
        Lock icon Bayer completes Roche unit acquisition
        82 15 Reuters [FRANKFURT] Bayer had completed its acquisition of Roche Holding's consumer drugs unit, the German chemical and drugs group said on Saturday. The 2.38 billion euro (555.3 billion) buy lifted Bayer from sixth place in the world's over-the-counter market to the top three beside Johnson
        Reuters  -  82 words
      • Article
        Lock icon Samsung sets aside US$100m for probe
        71 15 Bloomberg (SEOUL] Samsung Electronics Co, the world's largest maker of computer memory chips, said it will set aside US$lOO million in provisions related to a US investigation into alleged price-fixing in the industry. Samsung Semiconductor Inc, a US unit, will set aside the provisions
        Bloomberg  -  71 words
    • Article
      Lock icon Google shares end year near record high
      409 15 Scarcity of the shares may have contributed to rise Bloomberg [NEW YORK] Google Inc shares ended 2004 near US$2OO, capping the stock's debut year near its record price. Google shares have more than doubled since the company's initial public offering at US$B5 per
      Bloomberg  -  409 words
    • Article
      Lock icon Court stops import limits on China textiles
      232 15 AFP [WASHINGTON] A special US trade court has frozen efforts to limit Chinese textile imports as import quotas under global trade rules expired. An injunction issued late on Thursday by the US Court of International Trade halted consideration by the US administration of
      AFP  -  232 words
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  • Page 15 Miscellaneous
    • Miscellaneous
      Lock icon Page 15 Miscellaneous Column 1
      186 15 CRYPTIC CROSSWORD notewo -nua, 8 Young lady embracing heavy YESTERDAY'S SOLUTION metal fools (8) 1 Game with white wine very 11 Bird gives official cricket score Acrow; 7 Newspaper, 8 Chair, 10 irregular (6) (8,4) Face-lift, 11 Elicit, 12 Spit, 13 Ex--2 Close almost bowled for fif- 14 Animal mounted
      186 words
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  • AVIATION
    • Article
      Lock icon Continental to order 10 of Boeing's 7E7
      377 16 Dreamliner an important part of int'l growth strategy: US carrier AP [SEATTLE] Continental Airlines said it would become the first major US carrier to buy Boeing Co's new 7E7 airplane, with an initial order of 10 jets. Gordon Bethune, the Houston-based carrier's outgoing
      AP  -  377 words
    • Article
      Lock icon US govt opposes pension deal between United and pilots
      268 16 NYT [NEW YORK] The US government moved a bankruptcy court to oppose an agreement that United Airlines recently struck with its pilots' union on the looming termination of the pilots' pension plan. In a motion filed in federal bankruptcy court in
      NYT  -  268 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      1957 16 CITY RJGHT ETA FLIGHT ETD Delhi SQ407 0440 IC856 1145 IC857 1015 SQ408 1620 Adelaide PA7M1 ia« AI470 1425 AI471 2120 OF8 1855 tarmrM SQ141 1145 SQ142 0935 3 LH8118 1535 SQ146 1640 Amtwdam 0645 KL838 2330 S0143 1535 GA841 1825 KL837 1535 SQ324 2345 GA840
      1,957 words
    • Article, Illustration
      Lock icon Budget carriers threaten big airports too
      995 16 NYT [NEW YOBK] Fed up with high air fares, travellers in the US have been voting with their feet or, more accurately, their tyres. Over the past four years, passengers have demonstrated a growing willingness to drive up to two hours to alternative airports,
      NYT; BLOOMBERG FILE PHOTO  -  995 words
    • Article, Illustration
      Lock icon Iraqi Airways makes first flight to Basra after war
      213 16 AFP IBASRAI Iraq's national carrier Iraqi Airways made its first post-Saddam Hussein era flight from Baghdad to the southern port of Basra on New Year's Day, a British military spokesperson said. About 50 people were on board the Boeing 737, which
      AFP  -  213 words
    • LOG BOOK
      • Article
        Lock icon Amadeus buys out French unit s partners
        133 16 Bloomberg (MADRID] Amadeus Global Travel Distribution SA, the world's largest computerised travel reservation company, has agreed to buy Air France-KKM Group's 66 per cent stake in its French marketing unit for 85.8 million euros (Ssl 91 million). Amadeus is raising its stake to
        Bloomberg  -  133 words
      • Article
        Lock icon Light plane pilot cheats death
        93 16 AP [LONDON] A light aircraft pilot made a safe landing at Ireland's Shannon Airport after a fuel leak drained the plane's fuel tank, almost forcing him to crash into the Atlantic Ocean. The pilot, who set out from Goose Bay, Canada, encountered fuel problems about
        AP  -  93 words
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  • SHIPPING
    • Article
      Lock icon Tanker, spot freight rates begin to slump
      635 17 Reports blame glut of ships, pause in purchase of raw materials [SINGAPORE] Tanker and spot ocean freight rates have begun to slump as the number of vessels available outnumbered cargoes and holidays cut demand. Persian Gulf oil tanker tariffs for ships headed to
      635 words
    • Article
      Lock icon CSX acquires stake in Asia Container for HK$1.58b
      205 17 Bloomberg [HONG KONG] CSX World Terminals, which has interests in container ports in Hong Kong, China and other countries, will pay HK$l.5B billion (Ss33l million) to buy a 39.1 per cent stake in Asia Container Terminals from a unit of Sun Hung
      Bloomberg  -  205 words
    • Article
      Lock icon TRANSPORT STOCKS
      320 17 SGX '000 D« 31 Si *I- Vol CH Offshore 0.38 -0.01 233 Chuan Hup 0.65 unch 592 Cosco Corporation 1.15 unch 594 CWT Distribution 0 67 0.03 328 Ezra Hldgs —1.13 0 01 24 Freight Links 0 09 0.01 597 Grand Banks Yacht 1 00 -0.01 40 Jaya
      320 words
    • Article
      Lock icon Insurer American Club upbeat on '05 outlook
      409 17 It says tonnage has nearly doubled since 2001 I LONDON 1 Marine insurer American Club has said that it is confident of entering the new 2005/2006 policy year in a strong position, with entered tonnage, premium income and reserves at record levels. At
      409 words
    • Article, Illustration
      Lock icon Shipowners and ports offer aid
      324 17 TSUNAMI TRAGEDY [SINGAPORFI The shipping and port communities in Malaysia and Singapore have stepped in offering their services and waiving port charges to assist in the international relief efforts for people in the tsunamiravaged zones. In addition to cash donations raised through its staff and
      AFP  -  324 words
    • Article
      Lock icon Call to set Riau-Singapore sea boundary
      220 17 Bernama IBATAMI The sea boundary between Singapore and Indonesia above Nipah island in Riau province should be immediately set, Antara news agency said in a report yesterday. "The Indonesian foreign ministry and the government of Singapore need to sit for negotiations on the two
      Bernama  -  220 words
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      32 17 I > I D A section which offers I news and views, I gZa reviews and previews I from the world of I "J"*™ tech, MjHHjjj the and the World Wide Web. I
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    Lock icon SINGAPORE STOCKS
    11908 18 STRAITS TIMES INDEX STOCKS SUl—« m On* ttgp Stock MHH Ml Owt Ompih At«gr«>n 5C< 0-29 1080 -0 010 HOL 210 3 000 >0010 BH >n*l UttX 0 45 0960 OOPS OCBC 999 ***** -0100 CdpiULand 140 2 130 Parkway H 25c 068 1 500 +00*0 Ctart SenwCond
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  • FINANCE & COMMODITIES
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      3088 19 MORGAN STANLEY CAPITAL INTERNATIONAL INDICES I* tMJl out In SS m US% %dy %fr %4y y» dy %y» On 31 ind»_0*i2«_0M*g^_£iun2«__aT*iT2*__£J«23£_£!l!225 WonaindoPrtfamwrY 8S35 0.0 95 -0.2 &j6 0.1 13.0 tPIHIhiwiMiy mjk M IQJ -03 110 00 17.6 Europe Preliminary 1058.9 HO 94 05 133 42 178 Pad* MM 00 113
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      Lock icon Hard commodity prices may slow in 2005
      999 19 COMMODITIES: ANNUAL ROUNDUP AFP [LONDON] Hard commodity prices soared in 2004, but are unlikely to match those gains in 2005 as the cooling Chinese economy puts a brake on demand for raw materials, analysts said. Oil was the star performance of the year,
      AFP  -  999 words
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      1841 20 I TO USA/CANADA 1 I EXPORT I I OTHER DESTINATIONS I |vtssa VOY PUG |ETASW LONG BEAO<| DALLAS HOUSTOW MEMPHIS |ORCAGO| WW TOOK TO AUSTRALIA (AUSTRALIA ASIA EXPRESS) no NEDUOYD HOUIMAN 28E01 03/01 05/01 21/01 27/01 28/01 24/01 24/01 29/01 yftffi YOT ETA SBI PRC HB ONE STB B» ADL
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      863 20 IINTIKAtIA KOKO StKVICI Vtssa/VOT RAMPffT) HBCWKW) WG KCH m I SW I JW STRAITS VENTURE 01/05 IS 3.2 13/01 16/01 11/01 Slum VENTURE 02/05 IS 3.2 20/01 23/01 27/01 30/01 01/02 STKAm VtimtKt 03/05 IS 3.2 03/02 05/02 10/02 13/02 01/03 [WIST ASIA/MNOAL KOKO SVS VKSa/VOY RAMPffT) HBGHT(M) TOR Kit
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      1131 21 MOL Combines < a range of shipping modes to ensure timely, teiiabh services covering major ports in Norm America, Europe, Japan, Asia, Africa Oceania. Also accept hrtra-Ask Urgoes Ik BUSAN KWANGYANG SHANGHAI YANTIAN XIAMEN QMGOAO BiLAWAN JAKARTA SURABAYA KAOHSWIHG BANGKOK LAHW CHABANG HOOWMWH PASft GUPANG PfNANG PORT KIIANG For Schedules,
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      1273 21 VESSEL VOY SIN JKT HKG I KHHI INC KYH PUS VESSEL VOY SIN JKT SUB HKG USN PUS HY PROGRESS 089S 4/1 |/l 13/1 IS/I 17/1 If/1 IVI KMTC SPORE SOIS 9/1 12/1 13/1 18/1 OMIT 23/1 HY BRIDGE _088S J5/l_ M/l_ _72/l_ M/l_ JW J6/]_ KMTC SHANGHAI SOIS 16/1
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      203 21 Gemartrans (S) Pte Ltd GEMARTRANS OPERATOR CODE -GT CB NO: 15C*****000H —V f FOR BOOKMGS: TEL: FAX: SMGAPORE *****662/ *****592 *****661/ *****11 KUALA LUMPUR (03) *****889 (03) *****102 3 SAILINGS WEEK TO HCM VKSIt I VOT I SW I HCM DA XM OUE 03/01 06/01 KUOIUNG 0031 04/01 07/01 ANEMI
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      976 21 ii si WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICD POINTS VlSStl VOT SIN P.KIAKG COtOWiO N. SHEVA COLOMBO KQM PtBWIHA YPWOSS 27 DEC 29 DK 01 JAN 04 JAM 0/ JAW IMDIKA GANDHI OQB9W 03 JAN OS JAN 08 JAN II JAW M JAN RAJIV
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      797 22 1A&AI WALLENIUS WILHELMSEN website: http://www.2wglobal.tom IVESStI I VOY RAMP HtIGHT SIN IK HMO HOU# MIA SAV »*L ""orT" MYC ~NEW MO* TAMPA AFSOI 4201 MS MM IN PORT 26/01 04/02 11/02 12/02 14/02 14/02 18/02 08/02 TARAGO AFSO2 3201 ms 6.4 M 18/01 OMIT 18/02 2S/02 26/02 03/03 01/03 OS/03
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      1473 22 vtssti m m m _assa m an j« CSF 2301 0076P 30/12 01/01 fACHHTAH 2219 3&Z12 92Z&J PAC lANDA 1373N JUU 31/12 _iACJAII 4142 Ql/fl] QltfU PAC lANDA 1374N 01/01 02/01 iimiiVA 1221 OS/01 07/01 PAC lANDA 1375N ft2/0J 03/01 PA( lINTAN 92«1 06/01 09/01 «f 2301 mizzE nm pa/pi
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      671 22 BSA a MYANMA ■H FIVE STAR UNE (Myanmar National Line) Loading for Yangon VESSEL VOY SIN PKI PEN PGU PAGAN 338W SLO SLD HPA-AN 330W SLO IN MALAYSIA: lOUSTEAD SHIPPING AGENCIES KUL/PKL 03-*****388 PEN: 04-*****1S ACCEPTING CONVENTIONAL C6O HKG SIN NKG SIN PGU PKL KUC PRINCESS 67 SLO SLO SLO
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      1563 23 f\ Spore Agents lAL Shipaiag Ageacy (S) Pie Ltd (CR NO: I**********Z) \Wv (I I 180 CeolStreet *11 03 Bangkok Bonk Building Smgopote *****6 y&A crttterasia JL-ines uunMu/n fu *****433 website: «««jnmiidhH.(M SUPER EXPRESS SERVICE TO HOWQ KONQ JAPAN VtSSfl VOY OSK KO»|SMZ TYO YOK HKG PKL SGP VBSB [VOYIPKI
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      1259 23 I/T-l I IMCC IIAM: TIL 4221-1333 FAX: 6221-5272 I Jrh YUim LIWCO I f'/J SINGAPORE: TOHG XX) SWfmG PII LTD ImSSoOOC W.WI.: wwwjdifaw w" KICUIAt COMTAINiKISIP SItVKH TO MAUYSU, IMHIII, iYMMMMjIWiMLJ IVKSB Ivor IrasmlKH low ivcsa IvoY raswm vissa vor raswl sau vesa Ivor" tasn w«»j| PERMAI3 SOOl 04/01 15/01
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      490 23 TIGER PEARL 247N 06-07/01 11 13/01 18 19/01 I ■MUliUfl TIGER SKY 248N 07-08/01 14 16/01 22 23/01 I ■TniLnH TIGER SEA 249N 10 11/01 16 18/01 25 26/01 1 ■■■■■■TIGER WAVE 2 SON 15 16/01 21 23/01 29 30/01 TIGER PEARL 2SIN 18 19/01 25-27/01 01-02/02 ■MMMNfI ACHIEVER 163
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  • THE BUSINESS TIMES SHIPPING TIMES
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      Lock icon THE BUSINESS TIMES SHIPPING GUIDE EXPORT
      7010 24 This EM EM MnartMr WMMi ltayaaa T«kplMM EM EM AiBnHlll M (Mi Mplwa Dwr» Maw —Mr Water Ml PbrTr Bmm Mm mBC mBm mMmmmmbmmmhmmmbbmmmmhmmmmmmmmmmmhbmmm8s® mmnmmmmmmmnmmmmmbmmmmmmmmrmnMmmnnbmbnmb 25/01 07/03 NGPl CHEUANG 179 *****2M urn CoMDTvolw GUAM (GUM) 2141 Guam Mm M nS.nnSy 2B/01 Ew»f KMTCHONGKONG 501N
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  • BizIT
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      Lock icon PC market to double by 2010, says report
      761 25  -  Most of the growth will come from emerging markets, says Forrester By RAJU CHELLAM BY the end of the decade, the number of personal computers (desktops and laptops) in use worldwide will reach almost 1.3 billion, up from 575 million today, says
      REUTERS  -  761 words
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        Lock icon New BenQ projector
        54 25 TAIWAN-BASED BenQ has released a new mobile projector, the PB 2240. It weighs 1.9 kg, is compatible with HDTV (High Definition TV) input, and offers 2000 lumens of brightness and Advanced Colour Coding Technology that automatically enhances the brightness and contrast of the image. It costs $3,599.
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        Lock icon 5 megapixel Olympus camera
        77 25 JAPAN-BASED Olympus has launched the mju Digital 500, a compact five megapixel digital camera that is weather-proof, offers 3x optical zoom and comes with a large 2.5 inch LCD display. It can also shoot from as close at seven cm, and has 20 pre-programmed shooting modes,
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        Lock icon Star Hub loyalty rewards
        68 25 STARHUB said it will reward its prepaid mobile subscribers with 30 minutes of free local airtime for every one-time or cumulative $100 top-up made within a half-year period, either from January to June, or from July to December. It will also give its prepaid subscribers who
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        Lock icon Photonics and Nanotech expo
        59 25  -  Compiled by ROLAND LIM PHOTONICS World 2005 will be held at Suntec City from May 4 to 6 and will feature the latest in photonics, a technology that harnesses light particles to carry information. The event will run concurrently with Nanotech World 2005, which will focus
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      Lock icon It'll be a year of collaboration
      713 25  -  &lt;you say&gt; S'pore must differentiate itself by being the enabler of a more collaborative model for the region SANJIV AIYAR AFTER two years of nearstagnation, we saw some growth last year. The current year should definitely be a year of growth and collaboration, with
      713 words
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      Lock icon China's bid to create own digital TV standard losing appeal
      329 25 AP [BEIJING! China's drive to mandate homegrown technology for digital TV is losing appeal among manufacturers and broadcasters, which are turning to foreign systems after Beijing failed to announce its own standards. Regulators have been pushing for China to develop
      AP  -  329 words
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      Lock icon China Telecom to launch Internet TV soon
      322 25 Xinhua [BEIJING] China Telecom, one of China's major telcos, said it plans to launch large-scale promotion of IPTV (Internet Protocol IPTV) in 2005 on its broadband website. "We'll open IPTV in most Chinese cities in 2005," said Liu Zhiyong, a China Telecom official.
      Xinhua  -  322 words
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      Lock icon S'pore's eSys aims for $3.5b sales this year
      779 26  -  BT exclusive The maker of cheap PCs will also get into the MP3 and PDA market, reports RAJU CHELLAM RAJU CHELLAM IT'S a little-known, home-grown company that makes and sells the world's lowestpriced personal computer. It's the world's largest HDD (hard disk
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      Lock icon A showcase for latest consumer electronic gadgets
      419 26 Reuters (SAN FRANCISCO) The living room, once the most technologically simple part of the average home, is today a high-tech battleground as the consumer electronics industry seeks to digitise home entertainment and make it available anywhere, anytime. The Consumer Electronics Show (CFS) starting
      Reuters  -  419 words
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      Lock icon Can the zealous Zen overtake cool iPod?
      885 26  -  &lt;we say&gt; The bottomline is emotion consumers buy the style, not the device. It is not price that matters, but the premium ROLAND LIM Reporter LE AST year was certainly a good year for Apple Computer Inc. especially with the huge success of
      885 words
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      104 25 Network and Desktop Outsourcing Specialists International business technologists connecting your workplace Is your infrastructure unneccessarily complex? Thinking of outsourcing your IT services requirements? We can help. With over 29,000 employees in over 30 countries and revenues exceeding Euros 3.5 Billion, Getronics is one of the global leaders in IT Outsourcing.
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