The Business Times, 15 January 2005

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Microfilm: NL25906
Total Pages: 20
1 20 The Business Times
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  • Title Section
    Lock icon Masthead
    14 1 THE BUSINESS TIMES weekend SNGAFORE 85 cents MICA (P) 023/03/2004 January 15-16, 2005 online
    14 words
  • Article, Illustration
    Lock icon Recourse poser for i-chq holders
    1031 1  -  Millions of dollars estimated to have been sold By KAREN HO, SIOW LI SEN [SINGAPORE] The exact amount is yet unknown, but millions of dollars of the once-popular restaurant "currency" i-chqs is estimated to have been sold before the police launched a probe into the
    1,031 words
  • Article
    Lock icon Government says tsunami relief remains non tax-deductible
    550 1  -  Direct assistance a better way to help tsunami victims By DANIEL BUENAS [SINGAPORE] The government has said it has no plans currently to make tsunami relief donations to the Singapore Red Cross tax-deductible, despite calls to do so as the tally nears $40
    550 words
  • Article
    Lock icon Registry launched to boost S'pore as arbitration centre
    435 1  -  By DANIEL BUENAS [SINGAPORE] The Singapore International Arbitration Centre (SIAC) has launched a voluntary public registry of ad hoc arbitration awards made here a move aimed at enhancing the country's attractiveness as a centre for arbitration. Ad hoc arbitrations are those not
    435 words
  • Article
    Lock icon MARKETS DIGEST
    140 1 sn 2,076.13 (-6.21) ST INDEX FUTURES 2,076.00 (-2.00) siMsa 248.40 (-0.31) SIMSa FUTURES 247.70 (-1.30) MARKETS Friday Change KLSE COMP 929.74 -4.36 NIKKEI 225 11,438.39 +80.17 HANG SENG 13,494.78 -78.50 SET INDEX 701.66 +8.23 JAKARTA COMP 1,021.340 -0.330 MANILA COMP 1,876.03 +10.92 SEOUL COMP 905.10 +19.56 SHENZHEN B
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  • Article
    Lock icon CONTENTS
    43 1 TOP STORIES PG2 COMPANIES... PG 4-6 ROUNDTABLE.... PG 8 SINGAPORE PG 9 NETWORK PG 10 ECONOMY PG 11 M'SIA/INDON.. PG 12 CHINA/INDIA... PG 13 WORLD PG 14 MOTORING. PG 15 HEALTH PG 16 SHOPPING PG 17 PURSUITS PG 19 TRAVEL PG 20
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  • Page 1 Advertisements
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  • TOP STORIES
    • Article, Illustration
      Lock icon S'pore firms study Meulaboh rebuilding jobs
      706 2  -  Tsunami-linked injuries, trauma cases falling, say SAF officers By SHOEB KAGDA in Jakarta SINGAPORE companies have begun to look at how they can help rebuild the devastated west Sumatran town of Meulaboh once rescue and emergency relief efforts are scaled down. According to Singapore
      AP  -  706 words
    • Article, Illustration
      Lock icon Frankfurt college teaches bankers the art of flirting
      189 2 Reuters [FRANKFURT! They may be good at making money, but lonely-heart bankers in this German city are going back to school to learn how to land a lover. The community college in Germany's financial and singles capital says its "Flirting, the art
      Reuters  -  189 words
    • Article
      Lock icon CAO says SPC deal stood a chance if seller had allowed more time
      631 2  -  TROUBLE AT CAO By KENNETH LIM [SINGAPORE] China Aviation Oil said yesterday the deal to buy a block of Singapore Petroleum Co (SPC) shares may still have had a chance if the seller had given it more
      631 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      738 2 Is it better to look back or look forward? IN an age when market players realise the importance of greater corporate disclosure, investors need to understand why there are different ways of valuing assets and liabilities, and whether the difference makes financial statements more or less meaningful. After
      738 words
  • Page 2 Advertisements
    • Advertisement
      Lock icon Page 2 Advertisements Column 1
      68 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: +65 6535 3382 F: +65 6535 3991 Bsingapore@ocra.com.sg
      68 words
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  • RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Sultan of storage
      1526 3  -  EMC's Joseph Tucci gobbles up software companies for breakfast, in the process creating a data storage empire that is growing as fast as the market is. RAJU CHELLAM meets the adrenalin-loving CEO RAJU CHELLAM IT'S only in the infotech industry that you can see a company's fortunes
      1,526 words
    • Article
      Lock icon S'pore is best place for business
      360 3 OF all the cities in the world, EMC's chief executive Joseph Tucci thinks Singapore is the best location for business. "Singapore is the easiest place to live and operate and offers a great quality of life," Mr Tucci says. "It has the best infrastructure
      360 words
  • Page 3 Advertisements
    • Advertisement
      Lock icon Page 3 Advertisements Column 1
      113 3 The Raffles Conversation is brought to you through a J 1 special arrangement with Raffles International Hotels I an d Resorts. The Traveller's Palm in the Raffles M XjCLLL International logo is an apt symbol. Not only has water «-p p n »<-p l q a l stored at the
      113 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Is it better to look back or look forward?
      820 4  -  CORPORATE ANALYSIS It's still a toss-up when it comes to financial accounting, says MICHELLE QUAH MICHELLE QUAH QUESTION: What do a company's balance sheet and Roman mythology have in common? Answer: Financial statements and the Roman god, Janus, both have the
      820 words
    • Article
      Lock icon SGX MAINBOARD
      6743 4 Transaction date: Jan 14 is a .r-a>a.*t a-T! g-a 255 S SH 1st SoftMttre Sc 7 unch 8589 7.5 7 45 7 283 345 15.5 3148 (TatKomUUc -213 +0.5 S911 22 21 21.5 22 44 IB 483 31-5 SB* M«*Jc 41.5 405 258 41.5 41.5 41.5 42 SN
      6,743 words
    • Article, Illustration
      Lock icon Ascott joins Guangzhou project
      489 5  -  It will build service apartments in CapitaLand's mixed development By KALPANA RASHIWALA CAPITALAND Group has decided to develop a 400unit condo and a 192-unit service apartment block on a Guangzhou site that it bought last June, instead of a full residential project planned originally. And its
      489 words
    • Article
      Lock icon SGX aspirant China Great Land sees growth in building sector
      324 5  -  By JEAN CHUA DESPITE China's commitment to continue reining in over-investment, China Great Land—a Singapore mainboard aspirant —is confident that infrastructure spending will keep its piling materials business Rowing at a healthy pace. The company—the first from China's Hainan province
      324 words
    • Article
      Lock icon CDW rolling out IPO today
      386 5  -  By CHEN HUIFEN HONG KONG-BASED but Japanese-managed precision components maker CDW Holdings is launching its initial public offering (IPO) today in a planned mainboard listing to raise net proceeds of about $29 million for its expansion drive in China. CDW, which was founded by a
      386 words
    • Article
      Lock icon SGX
      3670 5 Transaction Date: Jan 14 STRAITS TIMES INDEX STOCKS O" m te Omm •»•«>» am- 031 1.M0 -0.030 NKUndUSIOc 3.01 2/4Q0 -Qiao ST Inge 10c H2 2.430 <0.030 ■tW>yQ»C 0M um <0000 I HlxfrCoqa 0.47 5.180 tTAT5Q»25c 0X1 0.9« <0.005 137 2. W0 -OuMO JMHUS2St400 4.7S 1MOO -0.500 Sn»Go»plnd2St l.lf
      3,670 words
    • Article, Illustration
      Lock icon 'Buy' call lifts Beauty China shares
      625 6  -  SGX queries activity as price jumps by up to 32% in heavy volume By ANGELA TAN SHARES of cosmetics company Beauty China Holdings soared by up to 32 per cent to an all-time high of 90.5 cents yesterday, after Merrill Lynch initiated coverage with
      Source: Bloomberg  -  625 words
    • COMPANY BRIEFS
      • Article
        Lock icon CIMB move boosts prospects: S&P
        100 6 STANDARD Poor's yesterday said the acquisition by Malaysia's CIMB Bhd ofG K Goh's stockbroking business will enhance the geographical diversity of CIMB's parent Commerce Asset-Holding Berhad. It added the move will provide a platform for future growth prospects of the CAHB group. Meanwhile, Kim Eng
        100 words
      • Article
        Lock icon Pac Andes unit in deal
        67 6 PACIFIC Andes International Holdings said a fully-owned subsidiary is taking a 60 per cent strategic equity stake in Kyoshoku Co, which owns three processing plants in Japan producing mainly seasoned, pickled, smoked and salted fish fillets and other seafood products. The unit, Pacific Andes International
        67 words
      • Article
        Lock icon More warrants from Macquarie
        48 6 MACQUARIE Bank is launching a series of European-style covered call warrants on a range of counters, including Keppel Land, Mobile One, Singapore Technologies Engineering, SembCorp Industries, Jurong Technologies. Citiraya Industries, Creative Technology, ComfortDelgro Corp, Hyflux. Settlement for all the warrants will be in cash.
        48 words
      • Article
        Lock icon Raffles Education gets IHQ status
        56 6 RAFFLES Education Corp has been conferred International Headquarters (IHQ) status by the Economic Development Board. As part of the IHQ programme, the company is granted the Development and Expansion Incentive and will enjoy a 10 per cent concessionary tax rate on qualifying income from July
        56 words
      • Article
        Lock icon Straits Trading in joint venture
        69 6 STRAITS Trading Company has inked a joint-venture with Taiko Bulking Sdn Bhd to jointly develop Straits Trading's 572,445 sq ft site in Ipoh's Kinta district into a luxurious residential project. Straits Trading will hold a 30 per cent stake in the joint-venture company and the
        69 words
      • Article
        Lock icon Daka's complaint acted upon
        78 6 MAINBOARD-LISTED Daka Designs, a Hong Kong-based product design and marketing company, said yesterday that the Hong Kong Trade Development Council has acted on its complaint against Zhejiang Shenmao Appliance Co and Shanghai Winsun Imp Exp Co for displaying pirated versions of Daka's Sea-Doo Sea Scooter products
        78 words
      • Article
        Lock icon Huan Hsin plant to start rolling
        50 6 HUAN Hsin Holdings said yesterday that its new plant in China's Shandong Province will begin mass production of printer casings and laser printer cartridges in Q1 2005. The plant has a capacity to produce 150,000 printer casings and 300,000 laser printer cartridges a month.
        50 words
      • Article
        Lock icon No go for NTI-ChinaMoe MOU
        46 6 NTI International, which on Oct 12 had announced it intends to acquire a controlling stake in ChinaMoe International Centre Pte Ltd under an MOU with ChinaMoe, said yesterday that the two sides have mutually agreed not to proceed with the MOU.
        46 words
      • Article
        Lock icon SIA to increase capacity
        68 6 Bloomberg SINGAPORE Airlines, Asia's most profitable carrier, said it will increase capacity by 5.1 per cent during the northern hemisphere's summer season to meet growing travel demand. The airline will add flights to Brisbane, China's Shenzhen and other destinations where demand is high, effective March 27,
        Bloomberg  -  68 words
    • Article, Illustration
      Lock icon Early Chinese New Year hongbao?
      506 6  -  STOCKS JOYCE KOH Reporter IT certainly looked as though Chinese New Year came early to the stock market yesterday. A flood of China-linked stocks dominated market activity yesterday, fired up by Merrill Lynch's bullish initiation of coverage on Beauty China in the morning. "A stunner,"
      506 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      5029 6 UNIT TRUSTS FUNDS Thrift 1 1.14V Shenton Income 1 50V AUI Amrn i»i im icwi Shenton lncome<USD) 0 926/ AMl mnaMM Mgt (»pore) Shenton AsiaPacific 1 088/ Star Europe Emy* 0 78* shemon 61) Opportunities/" 0682/ S? Si* 1 .1% Shenton Dynamic Bond/* 1 407/ Sur ETOpe Bal 1123/ shenton
      5,029 words
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  • PERSONAL INVESTMENT
    • Article, Illustration
      Lock icon Forget short cuts to making money
      1086 7  -  SHOW ME THE MONEY TEH HOOI LING Senior Correspondent DO companies that use part of the proceeds from initial. public offerings to pay off bank loans perform worse than those that don't? Do vendor share sales during an IPO signal deteriorating fortunes a the
      1,086 words
    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      1088 7 For week beginning Jan 10 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS T*llllllll Uy N* of Price SHAREHOLDING Tmc SharahoMar Sal Shares Par Mara Aftar Dm Director Com 'WO Shrt r«BO) f«—) King Wan Corp 13-Jan-05 Chua Kim Hua Buy 7500 0.10 ***** 11.26 ***** 13.57 CHT 12-Jar>-05 Yang Shu
      1,088 words
    • Article
      Lock icon Unit trusts do well with 7.5% returns last year
      327 7  -  By GENEVIEVE CUA SINGAPORE unit trusts produced a "respectable" return of 7.5 per cent in 2004, thanks to an equity rally in the fourth quarter, says Standard Poor's Fund Services. The best performing category was equity, with an average return of
      327 words
    • Article, Illustration
      Lock icon BROKERS'TAKE
      618 7  -  Compiled by JOYCE KOH Jets Technics Jm 14 dot*: 153 cants WESTCOMB HNANQAL GROUP, Jan 14 NET profit up 1.3 per cent to HKSIO.O9 million in 1H05: Results below our expectation. A delay in the completion of two projects worth HK$2 million to 3 million, scheduled for completion in
      Source: Bloomberg  -  618 words
    • TRADES TO WATCH
      • Article
        Lock icon NOL CFO sells 150,000 shares on open market
        120 7 NEPTUNE Orient Line executive director and chief financial officer Lim How Teck sold 150,000 shares on the open market yesterday at $3 apiece, cutting his 0.01 per cent stake to just about 1,000 shares. Also yesterday, NOL independent non-executive chairman Cheng Wai
        120 words
      • Article
        Lock icon Chong Thim Pheng sells HG Metal, buys Swissco shares
        143 7 FORMER Links Island Holdings chairman Chong Thim Pheng sold his entire directly owned stake of 5 million shares in HG Metal Manufacturing on Thursday. No pricing information was disclosed, but all the transactions were done on the open market. Mr Chong,
        143 words
      • Article
        Lock icon UOB's deemed stake in TPA Strategic pared
        71 7  -  Compiled by KENNETH LIM UNITED Overseas Bank's deemed interest in aircraft parts supplier TPA Strategic was cut to 8.63 per cent from 9.99 per cent after nearly 2.4 million shares were sold by the bank's discretionary funds unit, UOB Asset Management, on behalf
        71 words
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  • BT INVESTMENT ROUNDTABLE
    • Article, Illustration
      Lock icon Dividend yield's the focus in 2005
      2762 8 OVERVIEW 2004 turned out to be a strong year for Asian equities with double digit gains. But certain markets like Singapore, Hongkong and Indonesia shone, others like Taiwan and Thailand faltered. What's ahead in 2005? Will the fundamentals that underpinned the growth last year
      2,762 words
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  • SINGAPORE NEWS
    • Article
      Lock icon Employers to get more flexibility in hiring foreigners
      514 9  -  But govt stresses that its mission is to help S'poreans have stable jobs By CHUANG PECK MING THE government will broaden the pool of foreigners in Singapore and offer employers more flexibility in hiring from abroad. But it gives the assurance that
      514 words
    • Article, Illustration
      Lock icon Jobless rate may fall to 3% by year-end
      255 9  -  All sectors except construction are hiring: Boon Heng Reports by LIZA LIN THE government hopes to shave unemployment rate by half a point to 3 per cent by the end of this year, said National Trades Union Congress secretary-general Lim Boon Heng.
      255 words
    • Article
      Lock icon Aerospace sector gets $28m investment
      367 9 THE Singapore aerospace industry, which registered a growth of 14 per cent last year, received a hefty boost yesterday a $28 million investment from aircraft systems manufacturer Hamilton Sundstrand. The company announced its latest investment here during the groundbreaking ceremony of its offshore manufacturing plant
      367 words
    • Article
      Lock icon Copyright laws met with open arms by retailers
      267 9 VIDEO Ezy's chief executive officer Tan Poh Lam used to burn with anger when he heard of other video stores renting or selling VCDs and DVDs more cheaply because he suspects they were pirated copies. "Unfortunately, in the retail business, it's always
      267 words
    • Article
      Lock icon Muslim groups against casino
      282 9  -  By ALEXANDRA HO SEVEN Muslim organisations, including the Association of Muslim Professionals, yesterday stated their opposition to the proposal to build a casino here. In their statement, they said that their stand is a shared moral position among many Singaporeans, Muslims or non-Mus-lims, and expressed their
      282 words
    • Article, Illustration
      Lock icon Delphi, Exel win top corporate award
      329 9  -  By DANIEL BUENAS AUTOMOTIVE parts maker Delphi Corporation and supply chain management firm Exel pic have bagged Singapore's highest corporate award for their "industry leadership" and contributions to Singapore's economic, social and community activities. The Economic Development Board award, called the Distinguished Partner in
      329 words
  • Page 9 Advertisements
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      Lock icon Page 9 Advertisements Column 1
      26 9 ETiil Lianhe Zaobao I Following in the I I footsteps of CAO I I Chinese state! I company I nPHQ I I I #mm I I
      26 words
    • Advertisement
      Lock icon Page 9 Advertisements Column 2
      601 9 J2yj^^2^^jj^^^^«dvertl»^lUoinre^Bo^B^B2^^mail^iotices®sphjCom^ ponpocmediogroup PANPAC MEDIA GROUP LIMITED (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the Company will be held on 7 February 2005 at 10.00 a.m. at 371 Beach Road #03-18 Keypoint Singapore *****7 for the purpose
      601 words
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  • NETWORK SINGAPORE
    • Article, Illustration
      Lock icon Uncovering the Philippines
      1178 10  -  LETTER FROM MANILA Looking beyond the traffic snarls and lack of infrastructure, JASON LEONG finds a warm welcome and breathtaking spots on his posting JASON LEONG fm y° u sure gjj J»m that you want Kvl to go to the m Philippines? B Isn't it a danflNMNHk
      PHOTOS COURTESY OF JASON LEONG  -  1,178 words
    • Article
      Lock icon STOCKS ASIA
      3498 10 Transaction date: Jan 14 UONn VONfi u-1 eForce Hldgs 0.07 unch 900 HONG KUNO Egana Jewellery 1.42 0.05 4360 EganaGoldpfeil 1.51 0.02 1798 rro J lt c en lin h o Esprit Holdings 45.60 -0.50 2869 |-!2 ,05 ,52 Extrawell Ptiarm 0.21 unch 240 22 .IS "o FE
      3,498 words
  • Page 10 Advertisements
    • Advertisement
      Lock icon Page 10 Advertisements Column 1
      73 10 Jason Leong will be back in Singapore for the Enterprise Forum (lEF) V 05 from Feb 2-3, 2005. He will be available to give advice on doing Singapore business in the Philippines. For registration or more information in lEFOS, visit www.iesingapore.com/iefos Share your experience All overseas Singaporeans working or studying
      73 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Top Fed official warns of rising budget deficit
      588 11 He said its growth would shake the confidence of foreign investors The Washington Post [WASHINGTON] A top Federal Reserve official yesterday urged the White House and Congress to restrain the US budget deficit, warning that its continued growth poses risks to international
      The Washington Post  -  588 words
    • Article, Illustration
      Lock icon Europeans take it easy as dollar rises
      562 11 NYT [ERANKEURTI Europeans, many of whom worked themselves into a tizzy about the swooning dollar and the stampeding euro last year, suddenly seem to have mellowed, as the dollar has rebounded in recent weeks. Public and private comments by central bankers and other
      NYT; REUTERS  -  562 words
    • Article
      Lock icon Tokyo goes on roadshow to promote low-yield JGBs
      420 11 Reuters [TOKYO! It may be a tough sell, but Japan's Finance Ministry is on a mission to lure foreign investors to Japanese government bonds, the lowest yielding public debt in the world. The Ministry of Finance (MOF) is hoping that fixing Japan's
      Reuters  -  420 words
    • Article
      Lock icon Economic reports point to rising inflation
      500 11 LATEST US DATA Reuters. Bloomberg. AP (WASHINGTON] US wholesale prices fell a larger-than-forecast 0.7 per cent last month, the biggest decline since April 2003, led by a sharp plunge in energy prices while business inventories rose slightly more than expected in November. For the
      Reuters.; Bloomberg.; AP  -  500 words
    • Article
      Lock icon Japan's Nov machinery orders up
      457 11 Some economists still wary about economic outlook Reuters [TOKYO] Japanese machinery orders staged a surprising surge in November, allaying concerns about an economic slowdown caused by cooling exports and waning production. Also, industrial production figures for November were revised up to a seasonally adjusted growth
      Reuters  -  457 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon Small Indon banks ordered to close
      383 12 Meanwhile, Jakarta names investment banks to sell its stakes in six lenders Bloomberg, FT [JAKARTA] The Indonesian central bank has ordered PT Bank Global Internasional, one of Indonesia's 10 smallest lenders, to close after shareholders failed to infuse additional capital, even as the government
      Bloomberg,; FT  -  383 words
    • Article
      Lock icon Indonesia seeks peace talks with rebels
      147 12 AFP [BANDA ACEH, Indonesia] Indonesia's vice president Yusuf Kalla said yesterday the government was working towards holding talks with separatist rebels in the tsunami-hit Aceh province and was seeking a permanent peace deal. Mr Kalla said that the government was seeking reconciliation a day
      AFP  -  147 words
    • Article
      Lock icon KUALA LUMPUR STOCK EXCHANGE
      2577 12 VOL FSBM 0.88 -0.02 118 Jan 14 KM *1- COOP) FTEC Resources 0.47 -0.02 ***** Furqan Bus. Org 0.40 0.01 ***** A&M Realty 1.36 -0 01 31 Gadang 1.43 -0.01 352 Abric 0.59 -0.02 432 Gamuda 5.60 0.30 5967 ACP Industries 1.18 unch 41 General Corp
      2,577 words
    • Article, Illustration
      Lock icon Abdullah summons Tenaga chief to explain Thursday's blackout
      370 12 Thursday. Reuters. Bernama [KUALA LUMPUR] Malaysia's prime minister summoned the head of the national power firm yesterday to explain the country's worst blackout in eight years, which had forced the premier to eat his lunch by candlelight. Tenaga Nasional, the main power
      Thursday. — Reuters. Bernama; REUTERS  -  370 words
    • Article
      Lock icon Solectron's Johor factory closure to affect 750
      241 12 Reuters IKUALA LUMPUR] US contract electronics maker Solectron Corp will shut one of its Malaysian factories in May, a report said yesterday, part of a growing trend among manufacturers to shift to cheaper bases. The plant closure would affect 7 50 staff and
      Reuters  -  241 words
    • Article, Illustration
      Lock icon Indonesia posts record car sales in 2004
      327 12 AFP. Xinhua [JAKARTA] Indonesia posted record car sales in 2004 with over 480,000 sold for a 36.4 per cent gain on 2003, an industry executive said yesterday. "This is a record for Indonesia's automotive history," secretary general of the Indonesian Automotive Industry Association
      AFP.; Xinhua; REUTERS  -  327 words
    • Article
      Lock icon Federal law changes to aid water takeover
      123 12 Bernama IPUTRAJAYA] Proposed amendments to the federal constitution scheduled for tabling at the special parliamentary sitting beginning on Monday will, among others, facilitate the federal government's takeover of water supply management from state governments in the peninsula. At present, state governments exercise control
      Bernama  -  123 words
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  • GREATER CHINA/INDIA
    • Article
      Lock icon CNPC makes record 110b yuan profit
      345 13 Profit fuelled by high oil prices and heavy local demand Reuters [BEIJING] Chinese oil giant China National Petroleum Corp (CNPC) made a record profit of more than 110 billion yuan (5521.7 billion) last year, up 50 per cent from 2003, the China Daily said
      Reuters  -  345 words
    • Article
      Lock icon US, India keen to strike pact on broader air link
      493 13 Bloomberg [WASHINGTON] The US and India may reach an agreement next month loosening air-travel restrictions between the two nations, said US Transportation Secretary Norman Mineta. "I've got a reservation on an airplane to get there into New Delhi sometime in
      Bloomberg  -  493 words
    • Article
      Lock icon CIA sees China and India as major global players by 2020
      564 13 The US will face 'dramatically altered alliances and relations' LAT-WP [WASHINGTON] India and China increasingly will flex powerful political and economic muscles as major new global players by 2020, an in-house CIA think tank said on Thursday. The think
      LAT-WP  -  564 words
    • Article, Illustration
      Lock icon Watson to take over French toiletries retailer
      216 13 AFP [PARIS] French toiletries retailer Marionnaud Parfumeries has agreed to a takeover offer from Hutchison Whampoa's retail arm Watson, a representative from the company's largest labour union, Unsa, said on Thursday. "An agreement has been concluded between the management team and the Chinese
      AFP  -  216 words
    • Article
      Lock icon China implements media industry curbs
      184 13 [HONG KONG] Foreign media companies hoping to tap into China's newly liberalised television and film industry had their ambitions curbed somewhat on Thursday by the country's media regulator, the South China Morning Post reported. According to the paper, the State Administration of Radio, Film and
      184 words
    • Article, Illustration
      Lock icon Temasek unit in JV to run Tianjin expo
      339 13  -  By CAROLYN QUEK SINGAPORE has penetrated the exhibition venue management market in China, with a Temasek Holdings unit landing a deal in Tianjin. The unit, Singex Venues, will form a 51-49 joint venture with Tianjin TEDA Group that will manage a new
      339 words
    • NOTE BOOK
      • Article
        Lock icon Mittal Steel to buy stake in China firm
        73 13 Bloomberg [SHANGHAI] Mittal Steel Co, which is set to become the world's biggest steelmaker, has agreed to buy a stake in the listed arm of China's state-owned Hunan Valin Iron Steel Group, a spokeswoman for the unit said. "Price of the deal
        Bloomberg  -  73 words
      • Article
        Lock icon SMIC slashes 2005 output by 25%
        72 13 Reuters [SHANGHAI] Semiconductor Manufacturing International Corp (SMIC), China's top producer of made-to-order microchips, slashed its 2005 output targets by up to a quarter yesterday and said it planned to spend less than intended amid a lingering industry downturn. It now aims to production to
        Reuters  -  72 words
      • Article
        Lock icon Tata may record over US$2b of sales by Mar
        69 13 Bloomberg (MUMBAI]Tata Consultancy Services Ltd, Indian's biggest software maker, said it may record sales of more than US$2 billion by March, aided by orders from international customers. It reported US$ 1.63 billion in sales in the nine months ended Dec 31
        Bloomberg  -  69 words
      • Article
        Lock icon Resorts M'sia stocks hitl4-week high
        66 13 (KUAIA LUMPUR] Shares of Malaysia's hotel and casino operator Resorts Malaysia Bhd touched a 14-week high yesterday as investors bet on a recovering tourism industry and a better outlook for its unit Star Cruises. Shares of Resorts, a 57 per cent unit of Genting Bhd,
        66 words
      • Article
        Lock icon Embassies close on bomb scare
        74 13 AP [JAKARTA] The British and Thai embassies in Indonesia were closed yesterday following an anonymous bomb threat that police suspected was linked to two Malaysian militants wanted in a string of deadly bombings. Police received the threats via mobile phone text message from an unidentified
        AP  -  74 words
      • Article
        Lock icon China Unicom buys 1m CDMA handsets
        61 13 Reuters [BEIJING]China Unicom Ltd, China's second biggest mobile phone operator, has bought one million CDMA mobile handsets to boost sales over the Lunar New Year holiday, the China Daily said yesterday. Unicom bought the phones from Samsung, Motorola, LG Nokia, ZTE and Hisense to
        Reuters  -  61 words
      • Article
        Lock icon China lifts five-month IPO freeze
        52 13 Reuters (BEIJING] China lifted a near five-month ban on initial public offerings (IPOs) yesterday, the official Xinhua news agency said, after unveiling a move towards a Western-style of book building. The freeze on IPOs was imposed in August so that regulators could ponder new book-building
        Reuters  -  52 words
  • Page 13 Advertisements
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      Lock icon Page 13 Advertisements Column 1
      228 13 |HH &Uloß-fret 1800 289 8822 Boticqt»phxoa.sg IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF HUA ANN BROTHERS PTE LTD (IN LIQUIDATION) COMPANY REGISTRATION NO. *****12 UH ORIGINATING SUMMONSES NO. 1396 OF 1997, 657 AND 1467 OF 1999 NOTICE IS HEREBY GIVEN that the creditors
      228 words
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  • ASIA-PACIFIC/WORLD
    • Article, Illustration
      Lock icon Cellphone price war hits Samsung Q4 profit
      451 14 Reuters [SEOUL] Samsung Electronics Co Ltd reported a 42 per cent drop in quarterly operating profit on a slide in mobile phone margins and falling flat-screen prices, but shares rose 3 per cent as investors bet the worst was over. A price war
      Reuters; AFP  -  451 words
    • Article
      Lock icon Rules limit US huge overseas profit tax break
      489 14 Firms have to pledge to invest profits in job creation NYT [WASHINGTON] The Bush administration outlined rules on Thursday for a huge one-time tax break for companies that reinvest their overseas profits back into the United States. The tax break, part of
      NYT  -  489 words
    • Article, Illustration
      Lock icon Waiting for that knock on the door next month
      860 14  -  LIGHT REED What is billed as the best health service in the world, routinely overcharges patients and is a model of inefficiency CHRISTOPHER REED THE monthly payment my wife and I make for health insurance in California would enable each of
      860 words
    • Article, Illustration
      Lock icon Sun posts small profit but sales slide
      265 14 AP [SAN JOSE, California] Sun Microsystems posted a small profit for its fiscal second quarter on Thursday, but year-over-year sales continued to slide as the server and software maker struggled to gain back business it lost after tech collapse in 2001. Sun said
      AP; AFP  -  265 words
    • Article
      Lock icon Reuters' US staff protest contract terms
      188 14 AP [NEW YORK] Reuters Group's US journalists withheld their bylines on Thursday to protest demands for concessions in contract talks as well as management moves to export editorial jobs to low-wage countries like Singapore. The Newspaper Guild of New York said the one-day action
      AP  -  188 words
    • Article
      Lock icon GIC RE in £65m senior homes deal with Pramerica
      290 14  -  By ANDREA TAN GIC Real Estate (GIC RE) has signed a deal to invest £65 million (Ss2oo million) with Pramerica Real Estate Investors to build homes for seniors in the United Kingdom and Germany. This is the second deal this week
      290 words
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  • MOTORING
    • Article, Illustration
      Lock icon Royal treatment
      696 15  -  With its old-school luxury and generous rear legroom, it is easy to see why the Toyota Royal Crown makes a perfect company car, says SAMUEL EE SAMUEL EE I DROVE slowly past the hoi polloi and waved regally to them. They looked stunned that I should be so
      696 words
    • Article, Illustration
      Lock icon Detroit's delights
      606 15  -  By SAMUEL EE IT couldn't have been a better testimony to the contradicting demands of the American vehicle market a macho sedan with a big, thirsty engine and an SUV with an economical, hybrid engine were both named the country's top vehicles. At this week's North American International
      AFP; AP  -  606 words
    • BRAVE NEW WHIRL
      • Article
        Lock icon GM denies Saab news report
        169 15 SAAB remains a valuable brand for General Motors and there is no truth to the newspaper report earlier this week that said the Swedish marque may be killed off. GM Europe chairman Fritz Henderson told reporters this at the North American International Auto Show when
        169 words
      • Article, Illustration
        Lock icon Audi sees higher 2004 sales
        74 15 AUDI chief executive Martin Winterkorn (right) said the German premium carmaker's sales rose 1.2 per cent in 2004 to 779,441 units and he expects unit sales growth to top 1.2 per cent in 2005. The Ingolstadt-based company, which is a unit of Volkswagen AG, also
        74 words
      • Article
        Lock icon Toyota eyes pick-up market
        93 15 TOYOTA aims to double its US sales of full-size pick-up trucks in three years by bringing production at its planned San Antonio, Texas, plant up to full capacity by 2008. Japan's No 1 carmaker now sells about 100,000 to 110,000 units in the segment a year
        93 words
      • Article
        Lock icon Jaguar loss hurts Ford Europe
        99 15  -  Compiled by SAMUEL EE FORD'S European luxury brands will miss their 2004 profit target due to problems in the unit's Jaguar division, said Mark Fields, the head of Ford's Premier Automotive Group (PAG). PAG, which includes Volvo, Jaguar, Aston Martin and Land Rover, was expected
        99 words
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  • HEALTH
    • Article, Illustration
      Lock icon Get smart
      1443 16 New brain-boosting drugs offer the promise of heightened mental function but in changing the way we think, will they change they way we are? LATWP IT would be hard to imagine improving on the intelligence of computer engineer Bjoern Stenger, a doctoral candidate at Cambridge University. Yet for
      LATWP  -  1,443 words
    • Article
      Lock icon Asians at risk of side effects from cholestrol drug
      473 16 AstraZeneca issues advice to doctors to limit Crestor dosage for Asian patients Bloomberg I LONDON AstraZeneca pie, Kurope's third biggest drugmaker, said it sent a letter to UK doctors advising that patients of Asian origin should be limited to doses of
      Bloomberg  -  473 words
    • IN BRIEF
      • Article
        Lock icon Too much anaesthesia raises risk of death after surgery
        213 16 Bloomberg IBOSTONI Patients may be at higher risk of death a year after surgery if they received too much anesthesia during the procedure, according to a study published in this month's issue of Anesthesia Analgesia. Deeper levels of unconsciousness caused by
        Bloomberg  -  213 words
      • Article
        Lock icon DuPont Teflon coating may cause cancer: US EPA
        314 16 Bloomberg [PRINCHTON] The US Knvironmenta) Protection Agency said a chemical used to make DuPont Go's Teflon nonstick coatings has the potential to cause cancer in humans. The government's preliminary study did not make a definitive link. The agency's draft assessment found unusually
        Bloomberg  -  314 words
      • Article
        Lock icon Eat your veggies, new US diet guidelines urge
        305 16 Reuters IWASHINGTONI New eating guidelines issued by the US government on Wednesday stress that most Americans are overweight and need to eat more vegetables, fruits and whole grains. The guidelines, updated every five years, recommend eating up to 13 servings of fruits
        Reuters  -  305 words
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  • WELLNESS
    • Article, Illustration
      Lock icon In good hands
      1334 17  -  Healing and therapy, rather than spa-of-the-moment treatments, are what await spa buffs this year, as JAIME EE finds out JAIME EE LAST year, the big deal about spas in Singapore was their smallness intimate, less expensive spas or cheap, no-frills versions in the HDB heartlands. But whether
      1,334 words
    • Article, Illustration
      Lock icon Stretching, step by step
      494 17  -  By PARVATHI NAYAR OF course it provoked a series of cute comments, from "You mean you are going to let someone walk all over you?" to "Don't take it lying down, girl!". After the laughter passed, the fear factor kicked in will this throw my back,
      494 words
  • Page 17 Advertisements
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      Lock icon Page 17 Advertisements Column 1
      753 17 wine&dine withweekendBT Ah Hoi's Kitchen Coleman's Cafe Meritus Mandarin Raffles Marina Traders Hotel Poolside, (above Tanglin Matt), Peninsula Excelsior Hotel, Level 5. TeL *****132 333 Orchard Road. Tel: 6831 6258 10 Tuas West Drive. Tel: 6869 2288 Level 4, Traders Hotel. Tel: *****373 Buffet lunch available on weekends and public
      753 words
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  • SHOPPING
    • Article, Illustration
      Lock icon Risis on the rise
      637 18  -  The homegrown gift maker takes on a sleek new look in an aggressive rebranding. CORINNE KERK reports CORINNE KERK YOU'VE seen its ads at bus stops, in magazines, newspapers and even on TV. Slowly, but surely, the new image of Risis as an Asian-inspired contemporary gift
      637 words
    • Article, Illustration
      Lock icon New and improved
      662 18  -  British brand Mulberry goes from frumpy to funky. CORINNE KERK reports CORINNE KERK WHAT does it take to rejuvenate a brand? There are many ways, of course. But if you want a successful example from the fickle world of fashion where, for example, once-coveted but never profit-making
      662 words
    • Article, Illustration
      Lock icon Get carried away
      235 18  -  By CORINNE KERK HERMES makes Birkins and Kellys, and counterfeiters love Louis Vuittons. So you spend thousands of dollars on a bag, but how much do you really know about bags? If yours is more than just a passing interest in the indispensable sac and you really
      235 words
    • IN STORE at the malls
      • Article, Illustration
        Lock icon Scents and sensibility
        55 18 Here's a gift idea that's not loaded or presumptious: guest bath soap. This L'Occitane set is vegetablebased and comprises lavender, olive, honey and verbena scents. From its Harvest range, the 12 pieces of 25gm soap is housed in an impressive tin box that reflects a bit of
        55 words
      • Article, Illustration
        Lock icon Standing out
        41 18 Need extra serving tables when guests drop by? Besides their purpose, these Fornbro pedestal tables look pretty enough to be conversational pieces themselves. From Ikea, the 54-cm high tables cost $24.95 each and come in clear lacquered solid birch.
        41 words
      • Article, Illustration
        Lock icon Keep out the sun
        50 18  -  Compiled by MIKE CHUA This pair of titanium-frame prescription glasses comes with not one but two UV clip-ons: a bronze and a dark grey shade. The lightweight unisex pair costs $228 and is now on a 20 per cent discount at Your Eyewear Specialist, Suntec City.
        50 words
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  • TRAVEL
    • Article, Illustration
      Lock icon Wish vou were here
      1830 19  -  Tired of the old London-New York-Bali circuit? GEOFFREY EU has some suggestions GEOFFREY EU TO celebrate his 10th wedding anniversary last year, banker Christophe Billard and his wife headed for the South Tyrol in northern Italy, where he discovered to his delight that life begins at
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  • FOOD
    • Article, Illustration
      Lock icon It's my party
      1362 20  -  Looking for an intimate space to entertain with fine food and the promise of privacy? GEOFFREY EU checks out the options GEOFFREY EU PRIVATE kitchens small, unlicensed and often meticulously presented restaurants in homes or more commercial spaces serving a variety of Asian and Western cuisine have
      ARTHUR LEE  -  1,362 words
  • Page 20 Miscellaneous
    • Miscellaneous
      Lock icon Page 20 Miscellaneous Column 1
      120 20 CRYPTIC CROSSWORD extract (5) 4 when people may collect in debts admitted to be bad Draw attention to bearing in L_J L_J L_J L_l__L_i LJ 6> KM _JJJ1_ _H|H J|^B_, J^B simUM CHM( Across: 1 After my own heart, 9 IH. H IH 28 Girl crosses rav.ne to get 1/
      120 words