The Business Times, 24 January 2005

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Total Pages: 28
1 28 The Business Times
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  • Title Section
    Lock icon Masthead
    14 1 THE BUSINESS TIMES smmw m.ms online at http://business-times.asial.com.sg MICA (P) 023/03/2004 Monday, January 24,2005
    14 words
  • Article, Illustration
    Lock icon It's not worth fighting copycats, say companies
    613 1  -  Most feel it's better to concentrate on business By JOYCE KOH [SINGAPORE] Command and conquer may be a useful strategy for business expansion, but when local companies come up against copycats, many say they would rather avoid confrontation. Singapore firms BT spoke to
    FILE PHOTO  -  613 words
  • Article
    Lock icon CONTENTS
    137 1 MARKETS WMk Chge STI 2085.39 +9.26 KLSE COMP 929.72 -0.02 NIKKEI 225 *****.37 -200.02 HANG SENG *****.02 -13.76 SET INDEX 696.85 -4.81 JAKARTA COMP ...1035.75 +14.41 MANILA COMP ....1987.84 ....+111.81 TAIPEI TAIEX 5848.91 -40.61 SEOUL COMP 919.61 +14.51 SHENZHEN 8 228.38 -3.61 AUSTALLORD 4046.40 -16.50 DOW JONES *****.99 -165.01
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  • Article
    Lock icon CONTENTS
    40 1 TOP STORIES PG 2 COMPANIES PG 4 MARKETS PG 5.6 SINGAPORE PG 7 ECONOMY PG 11 M'SIA/INDON.. PG13 CHINA/INDIA ...PG 14 ASIA-PACIFIC.. PG 15 WORLD PG 15 AVIATION PG 16 SHIPPING PG 17 STOCKS PG 18.19 BIZIT PG 25-28
    40 words
  • Article
    Lock icon Being bilingual is key to success: survey
    423 1  -  Only employers in America place more weight on degrees By ANNATEO [SINGAPORE] To succeed in business today, it is critical to be able to speak more than one language. So say nine in 10 recruiters in Asia, Europe and Latin America. Only those
    423 words
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      23 1 DINING OUT Restaurants roll out M|HP their New Year menus JK&flMr pg 10 STOCK OPTIONS Let shareholders decide HOCK LOCK SIEW, PG 4
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      30 1 BT ONLINE Access to BT Online is free after 6pm each day. But print subscribers can access our online news anytime. Call 6388-3838 to subscribe and activate your online account.
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      181 1 YOUNG INVESTORS' FORUM Impress your interviewer and land that job PG 12 VIEWS FROM THE TOP Call* whether the new V J targets for the T j tourism industry H' JL are ac h' eva b' e PGB&9 Rabobank is the only privately owned With presence in 34 countries and
      181 words
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      21 1 BRAND IDENTITY A vital ingredient for Banyan Tree's survival ■■■■■■■■■■■■■■■EJ.UV...- _Jr :l tOM f TOP l- r-T, Bl2lT M Red Hat's
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  • TOP STORIES
    • Article
      Lock icon Earnings fail to stop Wall St's losing streak
      760 2  -  WALL STREET INSIGHT Iraq poll, economic data and upcoming Fed meeting lead to negative sentiment By ANDREW MARKS in New York CORPORATE results for the final quarter of 2004 are off to a good start this reporting season, but it's been overshadowed
      760 words
    • Article, Illustration
      Lock icon Balancing Singapore's diverse urban planning needs
      1086 2  -  By KALPANA RASHIWALA [SINGAPORE] "It's a bit of the unseen hand that's always working. It's there, looking after everybody but sometimes not seen." This is how Urban Redevelopment Authority chief executive Cheong Koon Hean describes the role of urban planning. "In this small plot
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    • Article
      Lock icon THREE-MINUTE DIGEST
      686 2 Norelco latest to issue profit warning IN the latest profit warning by a Singapore-listed firm, Norelco Centreline Holdings said it expects to book a loss for its fourth quarter. The manufacturer of semiconductor equipment cited difficult conditions in its sector, higher raw-materials cost and a falling US dollar
      686 words
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      64 2 i Outsourcing Services a Call Centre handling calls, enquires, feedback, customer a service, telemarketing, data entry, etc. a i Full secretarial, admin, accounting HR services. Facilities boardroom, meeting rooms serviced offices. can Freshly brewed coffee a simple touch on an interactive touch-display panel. Equipped with the innovative Saeco Brewing System,
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  • Page 3 Advertisements
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      79 3 |i J-| 0N 0 C •p JH J f BE ■B bpf o| .T^^H^- i& t'JSBH| i'-jt* 'js/fjM-■ hh in interface design specific to unique operat o I N d ed for un P aralleled customisation an expanded suite of clivers bl sec^° abilities including breakthrough Internet-ready capabilities and extensive
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Norelco issues profit warning
      453 4  -  It will post Q4 loss due to falling demand but will be in the black for the whole year By JEAN CHUA NORELCO Centreline Holdings is the latest Singaporelisted company to issue a profit warning. The company reported on Saturday that it expects a loss for
      453 words
    • Article
      Lock icon Zhonghui head takes rap for project delays
      309 4 ZHONGHUI Holdings' chairman Gao Bin says he will take "full responsibility" for the postponement of two projects from last year to this year and he will not be accepting any performance bonus for work done in the financial year 2004. The China-based firm
      309 words
    • Article
      Lock icon Leave options schemes to shareholders
      726 4  -  HOCK LOCK SIEW By R SIVANITHY DO employee stock options have any relevance anymore? Like many things in life, it depends on who you ask. Top executives and most company officials will say yes, because it supposedly aligns the interests of employees with those of
      726 words
    • Article, Illustration
      Lock icon TPA set to soar higher with Airbus 380
      899 4  -  Demand for new planes assures bustling business By VEN SREENIVASAN WHILE the world was soaking up the hype and hoopla accompanying the unveiling of the Airbus A3BO aircraft last week, one Singapore company was quietly preparing to become a key supplier of
      FILE PHOTO  -  899 words
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      290 4 irm H BI H Ma^m jSrt*BSffi£S' ASIA TIGER GROUP LIMITED (Incorporated in Bermuda on 23 June 2004) INITIAL PUBLIC OFFERING f 6® S^g) We design and manufacture office equipment and digital cameras and market mainly to the US, Europe and ij Japan. We achieved IS*****:2000 certification from Germany for quality
      290 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Portfolios ride on market's upward surge
      1105 5  -  TEH HOOI LING Senior Correspondent Despite a holidayshortened week, stocks continued their momentum upwards. Compared with a week ago, The Straits Times Index edged up 0.4 per cent while the (JOB Sesdaq Index gained 3.3 per cent. All of our portfolios advanced as well,
      1,105 words
    • Article, Illustration
      Lock icon Sellers outweigh buyers in bearish trading
      1124 5  -  INSIDE MARKETS Insiders have racked up a paltry 88 purchases worth $15.2 million in the first three weeks of January, reports ROBERT HALILI ROBERT HALILI THE sentiment was bearish last week with sellers outweighing buyers during the holiday-shortened week of Jan 17 to 20.
      FILE PHOTO  -  1,124 words
    • Article, Illustration
      Lock icon How long before the bubble bursts?
      659 6  -  STOCKS R SIVANITHY Senior Correspondent WALL Street's retreat since the year started hasn't made much of a dent on local sentiment. Thanks to a tide of incoming liquidity aimed mainly at second liners, prices in the local market have held up well over the
      REUTERS  -  659 words
    • Article
      Lock icon Asian currencies under pressure
      605 6 CURRENCIES AFP (HONG KONG] The Japanese yen retreated from a five-year high against the US dollar last week as anticipation of further interest rate hikes by the US Federal Reserve continued to place pressure on Asian currencies. Japanese yen: The yen fell back against the dollar
      AFP  -  605 words
    • Article
      Lock icon WEEK AHEAD
      109 6 Investor events to watch out for Thai Village Bonus Issue, Ex-date, Feb 24 Magnecomp Intl, EGM, Jan 24 AP Breweries, AGM, Jan 25 Asiatravel, AGM, Jan 25 Ssangyong Cement, EGM, Jan 25 MFS Tech, AGM, Jan 26 HeShe Hldgs, EGM, Jan 26 YHI Intnl. EGM, Jan 26 North
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    • Article
      Lock icon DIVIDENDS ANNOUNCED
      262 6 *"<£> Sw Tg. a. AJw dew i UK UQ U*i 17-J» 2M«b MTSTccMOr F 0S5Tt 17-Ms 22 M. 31 Ma AnSreMo« f I4N 1v»a, 03*6 1t*t MFSTkMOC S 1H I7M* 22 Ma AuCMfcaHKIV I M4IU )M« IH* Bto. MiyaWlc fS CM 0t*» O T jbi AuMraUndftop i MS
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    • Article, Illustration
      Lock icon BROKERS' RECOMMENDATIONS
      1417 6 The stock recommendation is the average of all the recom- Number FORECAST Median mendationsi submitted by analysts following the stock. There RECOMMENDATION of EPS PE Target is a total of 29 brokers submitting recommendations but not COMPANY Tte Week/last Week Estimates (S) (times! tt) every stock is followed
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Branding vital for survival: Banyan Tree chairman
      639 7  -  Group's pool-villa concept defines its resorts in target niche market Reports by CHEN HUIFEN FOR homegrown resort group Banyan Tree Holdings, branding is viewed as an imperative for survival, not a reward for success. "To us, from the very beginning, it's not something
      FILE PHOTO  -  639 words
    • Article
      Lock icon EVENTS LISTING
      315 7 DATE/ TIME EVENT VENUE 24 Jan Seminar on The Yudhoyono ISEAS, Seminar Room 9.30am Administration: The First II, 30 Heng Mui Keng Three Months Terrace, Pasir Panjang 25 Jan The Institute of Defence 30 Biopolis Street 9.00am end Strategic Studies (IDSS) Matrix, Level 4, is hosting a public
      315 words
    • Article
      Lock icon Stepping up presence in China leisure market
      404 7 STARTING from this year, the Banyan Tree brand could be seen strengthening its foothold in the lucrative China leisure market. The group, which already runs a spa in Shanghai, will be opening its first resort facility in July/August this year in a remote
      404 words
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      165 7 4 NEC IP ANOTHER DIMENSION IN IP SOLUTIONS ev*. 4- KfeJ 1 KJSB I W^ M Bk *r j From the global technology leader with both telephony and networking know-how, comes a multidimensional IP solution. Our years of expertise in integrating voice and data enable a reliable, flexible pure IP
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  • VIEWS FROM THE TOP
    • Article, Illustration
      Lock icon WE CAN DO IT
      2322 8 THIS WEEK'S TOPIC Are the new targets for the tourism industry achievable? How should we go about making them a reality? BT CEO e-Club offers many suggestions to achieve the new targets from new attractions and theme parks* casinos; a more vibrant night life and tapping
      2,322 words
  • Page 8 Advertisements
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      70 8 BT CEOs e-Club 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 club' is a virtual one, with interaction mainly via e-mail. Each week, we will invite comments from these top executives
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  • Page 9 Advertisements
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      229 9 NOKIA Connecting People fl ggw ■|l^^^p >i! V( f n I S if I HfiniafiCUi^HlJw^H^ jMtt/f/ M jHu^^HH T I j IMT f Open up the possibilities. You work a step ahead of the rest. Keeping pace with you is the Nokia 9500 Communicator. More than a device with critical
      229 words
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      23 9 r HAVE YOUR SAY What do you think of the opinions expressed in these pages? Share your views by writing to k btietterOsph.comsg
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  • DINING OUT
    • Article, Illustration
      Lock icon Begin feasting now
      1763 10 Here are some restaurants for early-bird diners to check out their favourite Chinese New Year dishes IT'S a little more than two weeks to Chinese New Year, but you don't have to wait till Feb 8 to dig into your festive favourites. Some restaurants are already rolling
      1,763 words
  • Page 10 Advertisements
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      206 10 Wines for all Occasions Budgets Shop now for your Corporate Dinners, Lunar New Year, Weddings or for personal enjoyment. UO2 02 Tnnglin Shopping Centre V r K, ;r J J, Hot.'l TV I 6/ i 1 i 98/5?b99 *****170 Where to wine, dine and entertain... "-tjßwj "**"*^'l? www.dinersxoPLBg I Auspicious
      206 words
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      54 10 I Raffles Country Club Seafood Ravioli $10.50 Grilled Chicken $12.50 k Lamb Loin $18 m I4>i Enjoy Garlic Bread, Salad Soup at only $3 with emery order of main course I Restaurant I :£5&9 Jalan Ahmad Ibrahim I Tel 6862 1838/9 I Mon to Fri: Lunch Only, I Sat; Dinner
      54 words
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      11 10 Poolside, level 4, above Tonkin Mad. Reservations recommended/M: 6831 4373. g|^|.
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      56 10 I MERI T U S MANDARIN SINGAPORE Lunch 12.00 noon to 2.30 pm J* 6831 6262 /66 DflfQ 1 ■lAawv?v|t u.;J*Z Bhlicomkt ML A y. 4M" CHINESE \TT RESTAURANT WW MERITUS MANDARIN siNc«roti A division of Overseas Union Enterprise Limited (Company Registration N0.*****0050E) 333 Orchard Road, Singapore *****7. Tel: +65
      56 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Fed signals concern over US deficit
      691 11 US trade deficit this year is likely to exceed US$600 billion [WASHINGTON] They are only low-level rumblings, oblique signals of discontent that are stripped of any direct political threat. But as President Bush embarked on his second term last week, it was hard to
      AFP  -  691 words
    • Article
      Lock icon Microsoft dividend raises US personal income
      270 11 Bloomberg [WASHINGTON] Microsoft Corp's U5532.6 billion special dividend payment last month raised nationwide figures for personal income and probably worsened the US current account deficit in the fourth quarter, the Commerce Department said. About US$24 billion of the payment will be recorded as personal
      Bloomberg  -  270 words
    • Article, Illustration
      Lock icon White House starts looking for Greenspan successor
      330 11 Who will fill his shoes? NYT [WASHINGTON] Alan Greenspan is due to retire next January, complicating the chemistry between the White House and the Fed. As speculation mounts over who will succeed Mr Greenspan, White House officials are trying to expand their list
      NYT  -  330 words
    • Article
      Lock icon Manila cuts deficit target to 3.5% of GDP
      295 11 Reuters [MANILA] The Philippine government yesterday lowered the official target for its budget deficit this year to 3.5 per cent of gross domestic product, or about 180 billion pesos (555.3 billion). The previous target of 3.6 per cent for the closely watched
      Reuters  -  295 words
    • Article
      Lock icon Asian prospects to top Davos agenda
      440 11  -  Blair to address global warming in opening session By NEIL BEHRMANN in London THE Davos World Economic Forum of global political, business and academic leaders will set the tone for 2005 economic and geopolitical debate and policies. Prospects for China, India and other Asian
      440 words
    • Article
      Lock icon Fed can check inflation despite weaker US$
      289 11 Reuters 1 [SAN FRANCISCO] While warning of interest rate increases ahead, the Federal Reserve on Friday suggested that those moves would not need to be at a faster pace because inflation is still contained. The Fed will be able to prevent a cheaper
      Reuters  -  289 words
  • Page 11 Advertisements
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      273 11 N Y °e" opportuni^ to deve,o P B Welcome to one-north. A new kind of place where scientists, a researchers and entrepreneurs will come together to exchange H A id eas and find breakthroughs that will help shape our future. H M JTC Corporation, the master developer of one-north, invites
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  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • Article, Illustration
      Lock icon Dos and don'ts at interviews
      686 12 LAST week we presented some tips for fresh graduates when they go for an interview. This week, we look at the interview itself and give some insight into what you should do to impress your interviewer and increase the chances of landing that job. First
      Illustration:JACQUELINE PHUA  -  686 words
    • Article, Illustration
      Lock icon Distributing sweet success
      647 12  -  CAMPUS LIFE Entrepreneurs Paul Chong and Kelly Kong tell KELVIN SAM about overcoming barriers in business KELVIN SAM Singapore Management University (SMU) business students Paul Chong Siang Hooi and his girlfriend, Kelly Kong Tze Yee, are the new Singaporean distributors for Yih Shiang Food Industries, a company
      647 words
    • Article
      Lock icon Be smart with your finances
      206 12 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 Tertiary Outreach Programme, isn't another dry page out of your financial textbook. To complement our editorial content, we have
      206 words
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      46 12 citibank The Business Times-Citibank Young Investors' Forum is published every Monday in The Business Times. It aims to raise the financial awareness of university and polytechnic students and cultivate a better understanding of business issues. The series is part of BT and Citibank's tertiary outreach programme.
      46 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Strong gains point to promising year for IPOs
      304 13 Eight firms made gains of between 9.3% and 97% since listing on Jan 1 [KUALA LUMPUR] Doubledigit percentage gains on debut by fresh entrants and investor appetite for new stocks on Bursa Malaysia Bhd so far this month point to a promising
      304 words
    • Article
      Lock icon Aceh emergency almost over: minister
      334 13 Reuters. AP [BANDA ACEH] The emergency relief phase is almost over in Indonesia's tsuna-mi-ravaged Aceh, the minister in charge of the province said yesterday. Alwi Shihab, Indonesia's chief social welfare minister, said that, moving ahead, civilian relief workers would be of more use than foreign
      Reuters.; AP  -  334 words
    • Article, Illustration
      Lock icon It will be a good year for stocks, no bull
      643 13  -  MALAYSIA INSIGHT You can tell from listening to the fishmongers S JAYASANKARAN KL Correspondent IS the much vaunted "bull run" an oxymoron? An oxymoron, dear friends and neighbours, isn't an intellectually challenged person hyperventilating. Neither is it George Soros under
      643 words
    • Article, Illustration
      Lock icon Boom in M'sian timber industry seen until 2006
      584 13 [KUALA LUMPUR] The timber industry is at the early stage of a boom. Timber prices are expected to remain firm because of the recovery in the Japanese economy and a pick-up in the housing sector, Malaysian newspaper The Star reported. It cited
      FILE PHOTO  -  584 words
    • Article
      Lock icon KLSE: BROKERS' RECOMMENDATIONS
      1436 13 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 t£S is a total of 29 brokers submitting recommendations but not COMPANY This Week/Last Week Estimates (S) (times) ft) every stock is
      1,436 words
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  • GREATER CHINA/INDIA
    • Article
      Lock icon China steps up postal savings system reform
      513 14 It may detach the savings network to create the country's fifth-largest bank [BElJlNG] China's government is stepping up efforts to reform its huge postal savings system in a process expected to lead to the creation of the country's fifth biggest bank, according to
      513 words
    • Article
      Lock icon India's ONGC optimistic about sealing Russian oil deal
      314 14 Reuters [LONDON] Indian state oil and gas company ONGC is optimistic it would get a slice of the oil assets of embattled Russian firm Yukos and win participation in Russian oil fields. ONGC chairman Subir Raha said his company was in talks
      Reuters  -  314 words
    • Article
      Lock icon Indian stocks look good in the long term, say analysts
      445 14 IHT [MUMBAI] After a roller-coaster ride last year, India ended the year on a high note. Domestic stock markets reached new highs, foreign institutional buying increased and the rupee recovered strongly. Will 2005 be another record-breaking year for India funds?
      IHT  -  445 words
    • Article, Illustration
      Lock icon First Pacific poised for acquisitions
      692 14 Reuters [HONG KONG] After five sometimes-turbulent years marked by asset sales and management battles, conglomerate First Pacific Co Ltd is positioned again to make acquisitions. Managing director Manuel Pangilinan, armed with about US$2OO million in cash after a debt sale recently, vows to be prudent
      Reuters; AFP  -  692 words
    • Article, Illustration
      Lock icon Indian premier offers help to companies to go global
      484 14 AFP. Bloomberg [NEW DELHI] Prime Minister Manmohan Singh, urging Indian entrepreneurs to think "big", has promised to remove the "barriers to growth". Addressing chief executives from top Indian companies on Saturday, the prime minister said the government would remove barriers to
      AFP.; Bloomberg; AP  -  484 words
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  • ASIA-PACIFIC/WORLD
    • Article, Illustration
      Lock icon Federated looks to May for merger
      531 15 Federated may also be interested only in May's Marshall Field's chain NYT [NEW YORK] Two years after merger talks fell apart between Federated Department Stores and May Department Stores, the former is once again taking a look at May. Although the two largest department
      NYT; BLOOMBERG  -  531 words
    • Article, Illustration
      Lock icon Bird flu may pass between humans
      442 15 WHO confirms two Viet brothers were infected with virus Reuters [HANOI] The World Health Organisation has raised the spectre of human-to-hu-man transmission of the deadly avian influenza. The warning was issued after it was confirmed that two Vietnamese brothers had contracted the virus and
      Reuters; ATP  -  442 words
    • Article
      Lock icon Socially responsible funds did well in '04, but Vice reaped higher rewards
      392 15 LAT-WP [ATLANTA] Rewards for investing in some of the big-name, ethics-driven mutual funds were very good last year. On the other hand, the reward for investing in the Vice Fund which puts its money into just what you
      LAT-WP  -  392 words
    • Article
      Lock icon Calpers to continue push for executive pay reform
      275 15 Reuters INAPA, California! Calpers, the United States' largest pension fund, will press corporations to trim executive pay but will take a less combative approach this year, a prominent board member said. Roard member and California state Controller Steve Westly, who last year
      Reuters  -  275 words
    • Article
      Lock icon Record of fund manager clue to success
      149 15 Bloomberg (SAN FRANCISCO] While most investors focus on mutual fund track records when choosing where to invest, the record of the fund's manager is a better indicator of future performance, said a guest on PBS's Wall Street Week With Fortune show. "Fund firms
      Bloomberg  -  149 words
    • Article
      Lock icon Buyout firm split as European arm breaks away
      364 15 NYT. Bloomberg LONDON The European arm of the buyout firm Hicks, Muse, Tate Furst has split from its US counterpart and plans to change its name as it seeks to distance itself from the less successful operations across the Atlantic. "The governance
      NYT.; Bloomberg  -  364 words
  • Page 15 Miscellaneous
    • Miscellaneous
      Lock icon Page 15 Miscellaneous Column 1
      275 15 CRYPTIC CROSSWORD 7 A salesman <197 > one feed- |7j"~|j" into convenience Hf IHI jH| Bfl MR 10 Nothing is dumped beside ii the German waterway (4) >, 1 Soldier and medico in council -LmJ Lh Imm Came down before time with |mb— lines learned (8) 5 Boy pinching girl
      275 words
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  • AVIATION
    • Article
      Lock icon China private airlines gearing up for take-off
      479 16 They may launch operations in a few months as new rules lower bar AFP [BEIJING] China's fledgling private airline industry could take off in the first half of this year, using busy holiday travel seasons to launch their services, state media said yesterday.
      AFP  -  479 words
    • Article, Illustration
      Lock icon Airports, highways snarled as major blizzard hits US
      769 16 AP. AFP [NEW YORK] (AP) Hundreds of flights were cancelled and fleets of road plows were on the streets as a paralysing snowstorm barrelled out of the Midwest and spread across the Northeast with a potential for up to 51 cm of
      AP.; AFP; REUTERS  -  769 words
    • Article
      Lock icon Lufthansa to add capacity to match growth
      215 16 Bloomberg [FRANKFURT] Deutsche Lufthansa, Europe's third-largest airline, expects to add to capacity this year in line with worldwide air traffic growth of between 5 per cent and 6 per cent, chief executive officer Wolfgang Mayrhuber said. "We're prepared, we're flexible" enough to handle
      Bloomberg  -  215 words
    • Article
      Lock icon Aviation industry gathers in S'pore
      524 16  -  Players will attend conferences on tourism, LCCs By VEN SREENIVASAN (SINGAPORE] Hundreds of aviation industry players and the media will gather in Singapore this week for the Asia Pacific Middle East Aviation Tourism Outlook 2005 Conference and the 2nd Annual Asia Pacific Low Cost Airline
      524 words
    • Article
      Lock icon Former Nepal airline chief jailed
      140 16 AFP [KATHMANDU] A special court has sentenced the former chairman of Royal Nepal Airlines to two years in prison and fined him nearly 20 million rupees (*****,450) for corruption, a legal source said. The anti-graft court sentenced Ramagya Prasad Chaturbedi on Friday finding that he
      AFP  -  140 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      2102 16 CITY RJCHT ETA FUttUT UP frmUmt AC9951 0630 LH9765 1405 «BS 8A7302 2215 u8T% §2 JSS uwn 181 NZ4678 15 Of5 2255 »nfr<M so323 0615 GA974 0130 LH9764 1620 NM679 2305 KL837 1450 KL838 2255 5Q325 1620 5Q2000 2305 SQ324 2345 8A7306 1755 A?99S0 2350 Athens
      2,102 words
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  • SHIPPING
    • Article, Illustration
      Lock icon Will Golar's gamble pay off?
      1341 17 LNG SHIPPING While the company believes gas is the future, analysts are sceptical about its tanker orders without securing contracts Bloomberg JOHN Fredriksen, chairman of Golar LNG Ltd, has wagered US$l.l billion on liquefied natural gas since 2001, buying seven LNG tankers with- out first
      Bloomberg; FILE PHOTO  -  1,341 words
    • Article, Illustration
      Lock icon Passengers fume as P&O cancels round-the-world cruise
      444 17 AFP [LONDON] Some 1,400 disgruntled travellers who paid huge sums for a round-the-world cruise finally left the luxury liner Aurora after it limped back to an English port on Friday and its much-touted tour finally called off. Following a 10-day delay and two
      AFP  -  444 words
    • Article
      Lock icon Hyundai bags Cosco order for largest ever box ships
      379 17  -  By DONALD URQUHAKT [SINGAPORE] Hyundai Heavy Industries Co (HHI) has won an order from China's largest container shipping line, Cosco, for four ul-tra-large 10,000-TEU box ships the largest ever built with the Korean yard saying it has already designed a 12,000-TEU
      379 words
    • Article
      Lock icon TRANSPORT STOCKS
      287 17 SGX tm» g W- Vel CH Offshore .0.40 -0.01 497 ChuanHup. 0.69 -0.01 5S7 Cosco Corporation 1.29 unch 5074 CWT Distribution .049 0.01 168 Ezra Hid®..... 1.08 -0.03 296 Freight Unks 0.10 0.01 IBS Grand Banks Yacht ...1.00 unch 410 J»ra Holdings 1.07 0.04 3164 KT Venture J27
      287 words
    • Article
      Lock icon Tsakos pays US$90m for Delaware clean-up
      229 17 Bloomberg [NEW YORK] Tsakos Shipping and Trading, a closely held entity controlled by the Tsakos family of Greece, has paid US$9O.3 million so far for cleaning up after a tanker under its management spilled 265,000 gallons of crude oil into the Delaware River in
      Bloomberg  -  229 words
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      152 17 f** 1800 299 M 22 K U: ■oticCT»»pb.com.fi SOUTH EAST ASIA AND SOUTH ASIA AUSTRALIA TRADE FACILITATION AGREEMENT NOTICE TO TRADE PEAK SEASON SURCHARGE (PSS) The following Lines in the South East Asia and South Asia/Australia Trade Facilitation Agreement wish to inform the trade that they have decided to remove
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    10248 18 STRAITS TIMES INDEX STOCKS trn+mm m o»m a—i wt m aw a— A*ynSOc OJl 1.140 -0J10 NOt 2-17 1120 »U.»muM0c 04* 1.090 -0-030 OCBC 9»1 13,700 -a 100 C*pKMjrd Z*m -0020 Pirtwwy H 25c ttTO 1550 «QjQ10 ChTI WroCond 2fc QlTI 0.9M -Q pg People s Food HOOt
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  • FINANCE & COMMODITIES
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      3071 19 MORGAN STANLEY CAPITAL INTERNATIONAL INDICES tn local a»r In St HUB H dy yr %dy yr fly *y» Jani1 Chang* Ch«ng« Chum Ch«np« Chmng* Ch»ng« Wnld mdg fttfannaiy 837.7 ai 7j6 02 54 OJ #J WtffcftrihMV 7693 00 07 01 15 02 13.7 Ejroptfttfciwwy 1062jQ 01 9 7 0.2 96
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      Lock icon Oil prices approach US$50
      927 19 COMMODITIES: WEEKLY ROUNDUP AFP [LONDON] Oil prices flirted with US$5O a barrel in New York last week amid freezing temperatures in the United States, while markets worried about a possible further output cut from Opec later this month. Among soft commodities, sugar reached the highest level
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      1608 20 IIVBSfI I VOY IWG ETA 5M| LONG EACH I DALLAS I HOUSTON IMWHK |OitAGO|NtWYOM TO AUSTRALIA (AUSTRALIA ASIA EXPRESS ll I OOCL ROTTERDAM 09E04 OMfT 26/01 11/02 17/02 18/02 16/02 W 1 OOQNINCBO 07E05 01/02 02*12 18/02 2V02 25/02 2V02 23M 2V02 Sr JUS« _H6 «l ME STB m AM
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      76 20 UK CONTINENT SERVICE Loadng for OCEAN ISLAND RTM/ATWAJK LOK PRATAP RTM/ATW/BM NAJ K/NAN Loads Singapore. E-/W Malaysia. Indonesia MIDDLE-EAST SERVICE Loading for BAO LONG MEN ADN/HDD/JDH PAN BRIGHT DBI/ABU/DOH/BRN/DMM/KWT LOK PRATIMA DBI/ABU/KWT/BDK •Loads Singapore. E7W. Malaysia. Indonesu USA SERVICE Loading for HANJIN TAMPA VCW/VCB/LAX/MZL "Loads E7W Malaysia. Indonesia F.E./S.E.A. SERVICES
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  • THE BUSINESS TIMES SHIPPING TIMES
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      6255 24 This a. ~gz g ae tar i 13M 27M CNnSfcpg 2M HONG KONG OMW *****890 CA«I> MO® Jmm Cgm ZrnST HATHONG (HPH) 2147 Vietnam US !2£ ES2. W U> 22? £225 QUE mm hvm satanshpper am *****226 22 !22 SS?L_ SL-r S Bgm< 02M
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  • BizIT
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      Lock icon Smart way to make an MTV video on your PC
      793 25  -  <cool stuff> Making the final movie is easy. But the hard part is to do with your hard drive and the motherboard, as RAJU CHELLAM finds out RAJU CHELLAM ONCE upon a time which is a couple of years ago
      793 words
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      Lock icon Nokia faces tough Q1 as demand may drop
      259 25 Reuters (HELSINKI] Worries about a looming seasonal drop in handset demand for Nokia mounted last week following strong results but muted outlooks from rivals Motorola and Sony Ericsson. Motorola reported a 34 per cent rise in Q4 earnings on Tuesday and said
      Reuters  -  259 words
    • <what's new>
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        Lock icon New notebook from Dell
        61 25 DELL Inc has introduced its new notebook, the Inspiron 6000, with enhanced multimedia capabilities and advanced productivity features. The system comes with Intel's new 915GM chipset, Intel's Graphics Media Accelerator 900, a 15.4 inch widescreen format, and runs on either the Intel Celeron M or the
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        Lock icon Laser printer from Fuji Xerox
        70 25 FUJI Xerox Printers has launched a new high-end A3 monochrome network laser printer, the Phaser 5500. It can handle 50 pages per minute and is powered by a 500 MHz processor with a base memory of 128 MB. The $5,799 device is the first Phaser
        70 words
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        Lock icon Check Point's new VPN solution
        58 25 CHECK Point Software has unveiled its first SSL VPN (secure sockets layer virtual private network) solution called Checkpoint Connectra 2.0. The company said the solution comes with an integrated anti-spyware, secure browser, host checking and real-time security updates in a unified Web solution. Prices start
        58 words
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        Lock icon McAfee's Entercept 5.1
        69 25 MCAFEE Inc has announced the availability of McAfee Entercept 5.1, a new version of its host intrusion prevention solution. It is designed for businesses for all sizes and can scale across the enterprise, from laptops and desktops to servers. The McAfee Entercept Small Business Pack for customers
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        Lock icon Agere's chipset for disk drives
        84 25 US-BASED Agere Systems has announced a complete chipset for developing small disk drives for use in portable consumer electronics such as in music players, digital cameras, mobile phones, PDAs, notebook PCs and other devices. The True Store CE (consumer electronics) chipset includes read-channel, preamplifier, motor
        84 words
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        Lock icon WAN Analyzer from Fluke Networks
        52 25  -  Compiled by CAROLYN QUEK FLUKE Networks has launched its new OptiView DS3/E3 WAN Analyzer. It helps maximise bandwidth investment, troubleshoot link performance issues and monitor suspicious network activity. It does this by providing data that optimises traffic over WAN connections. It costs $30,412. Visit www.Jlukenetworks.com
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      Lock icon SSA Global moving regional HQ to S'pore
      803 26  -  It plans to use Singapore's central location to drive growth in Asia By AMIT ROY CHOUDHURY SINGAPORE'S central location in Asia, legal system and availability of talent have prompted software company SSA Global to start the process of shifting its Asia-Pacific (including Japan)
      803 words
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      Lock icon Transmeta to cut jobs, focus on licensing
      219 26 Reuters [SAN FRANCISCO] Transmeta Corp, a once-hot Silicon Valley startup that has never turned a profit, last week began its second shot at finding a lucrative market for its microchip technology, saying it would fire some or most employees and license its intellectual
      Reuters  -  219 words
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      Lock icon Apple seeks bigger bite of PC market with Mac mini
      321 26 Reuters [SAN FRANCISCO] Might the Mac mini mean a bigger bite of the PC market for Apple Computer Inc? That's the hope of Apple whose approximately 100 US retail stores opened an hour early on Saturday as the highly touted
      Reuters  -  321 words
    • <what's up>
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        Lock icon Diploma in gaming from Informatics
        59 26 INFORMATICS has launched a new diploma course in gaming and animation. The programme is designed to provide a hands-on approach to gaming and animation, with a specialised lab available for training. The course will cover computer graphics, sound editing, 3D modelling, animation and programming for
        59 words
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        Lock icon Sales of Sun's Star Office 7 up
        53 26 SALES of Sun Microsystems' Star Office 7 office productivity suite increased by 45 per cent in November and 75 per cent in December in Singapore, the company said. The software offers word processing, spreadsheets, presentation manager, drawing and database capabilities and competes. with
        53 words
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        Lock icon Faster Internet connections
        70 26 SINGNET has launched its new Broadßand 3500 kbps Unlimited Plan targeted at residential customers. The plan allows home users to surf simultaneously and enjoy high-bandwidth activities such as video streaming and music downloads. It comes with free music downloads, video-on-demand and games. Sing Net has also upgraded
        70 words
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        Lock icon New head at Symbol Tech
        33 26 THE enterprise mobility firm Symbol Technologies Inc has appointed Mike Muller as the vice-president of its sales leadership team for the Asia-Pacific. He will be based in Singapore.
        33 words
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        Lock icon First PMI conference to be held here
        66 26  -  Compiled by LIZA LIN THE Project Management Institute (PMI) will hold its first PMI Global Congress 2005 for the Asia-Pacific region from Feb 21 to 23 in Singapore. A highlight of the conference will be a Tsunami Reconstruction Panel Discussion, which will address
        66 words
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      Lock icon Managing regulatory risk
      934 27  -  &lt;you say&gt; IT execs are finding that application lifecycle management plays a key role in enabling good corporate governance DAVID PARKER ONE by-product of the increasing globalisation of the world's economies is the requirement for added transparency in corporate operations. Since the economic crises of the late
      934 words
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      Lock icon Software, call-centre companies biggest job-creators in India
      381 27 Bloomberg [MUMBAI] Indian software and call-centre companies were the biggest job-creators in the country in the past two months, according to the Associated Chamber of Commerce and Industry of India. About 45 per cent of the 7,558 job ads in newspapers and websites
      Bloomberg; AFP  -  381 words
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      Lock icon Chip-making equipment orders continue to slide
      422 27  -  By RAJU CHELLAM AS testimony to a continuing downturn in the semicon sector globally, North America-based manufacturers of chip-making equipment posted lower levels of bookings and billings in December as compared to November and October 2004. Their counterparts in Japan, however, were more positive
      422 words
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      Lock icon Memory chip makers in Taiwan fear risks ahead
      456 27 Looming prospect of sharp price fall by mid-year Reuters [TAIPEI] Taiwan's top memory chip makers, Powerchip and Nanya Technology, are expected to post solid quarterly profits this month, but looming over the sector is the prospect of a sharp price slide by
      Reuters  -  456 words
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      Lock icon China's 1 st digital TV chip passes appraisal
      192 27 Xinhua [SHANGHAI] China's first ever home-made digital TV chip "Zhongshi No 1" passed technical appraisal by experts from the Chinese Academy of Sciences and Chinese Academy of Hngineering last weekend. The chip, which integrates more than 70 memory units, two million logic
      Xinhua  -  192 words
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      Lock icon Music industry boss defends file-sharing lawsuits
      236 27 Reuters [CANNES, France] The global music industry is fighting a determined war on piracy, suing thousands of persistent violators from teachers to managing directors, its trade association said. "None of this makes us feel wonderful," John Kennedy, chairman and CEO of the International Federation
      Reuters  -  236 words
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      Lock icon Red Hat's on a red hot Asia trot
      586 28  -  BT exclusive It has moved its Asia-Pac and Japan HQ to S'pore, and will offer Linux courses at 4 polytechnics this year. RAJU CHELLAM reports RAJU CHELLAM THE world's leading supplier of Linux software, US-based Red Hat Inc, is on a roll
      586 words
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      Lock icon Many SMEs keen on Linux
      393 28  -  By RAJU CHELLAM APART from large businesses and government agencies which are looking at Linux as an alternative to the various flavours of Unix, many SMEs (small and medium enterprises) are also keen on going the Linux way, says a new study by New York-based
      Source: AMI Partners Inc  -  393 words
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      Lock icon S'pore's packaged software market to grow at slower 5.7% this year
      476 28  -  By AMIT ROY CHOUDHURY SINGAPORE'S market for packaged software is set to grow at a slower 5.7 per cent this year, as against 8 per cent last year, in tune with the Asia-Pacific region outside of Japan, where the
      476 words
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      702 26 \ot ices IB IN THE MATTER OF THE COMPANIES ACTjCAP. 50,1964 Ed) IN THE MATTER OF PUNAt ASIA PTE LTD (to Creditors' VWuntory UwUtoton) (Company Reg. No. *****5658W) NOTICE OF RESOLUTION Al an ExtraonJintiy General Meeting of the mwntoeu of the abovenamed Company duly -convened and held at International Factors
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      601 26 IN THf MATTER Of THE COMPANIES ACT, CAR SO AND IN THE MATTE* Of CHANG! INTERNATIONAL LOGISTICS CENTRE LTD (111 Msmbsn' Voluntary Liquidation) Company RO9. No. *****0915E NOTICE OF RESOLUTIONS At an Extraordinary Genaral M««ting of lit* Company held at CIAS Building SO Airport Boulevard Singapore *****8 on th» 15th
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      603 26 IN THE MATTER OF COMPUTERVtSION ASIA PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) REGISTRATION NO. *****1343R NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Cap. 50, that a Final General Meeting of the members of the abovernpntioned Company will be held at 10 Coltyer Quay, #21-01 Ocean
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      173 26 IN THE MATTER OF THE COMPANIES ACT (CAP 50) AND IN THE MATTER OF UNITED SECURITY CONSULTANTS (S) PTE LTD CoßegnNo: *****1353E (In Creditors' Voluntary Liquidation) NOTICE OF RESOLUTION At an Extraordinary Ganaral Meeting of the Company held at Palme Room 2nd Floor Lion City Hotel 15 Tanjong Katong Road
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      573 26 Xo/iccs HAW PAR CORPORATION LIMITED (Incorporated in Singapore) (Company. Reg. No. *****0437 M) LOST 3HARE CERTIFICATES The undermentioned there certificates have been reported lost, mislaid or deetroyed:CeUMliato Noa. In »a Kama at No. ot Bharee *****07 Mohd Rami B Ismail 1 500 *****35 1 xlOO *****71 1 x 60 NOTICE
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      22 26 f 6 o C.A.T.S. hotline at 1 car? isoo-289-9988. I I fl I Buy It. Sell It. Hnd It 2 J ■mmwmmmmhhmnmmhmhmhhhmhhl
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      153 27 8...10 HR professionals is reputable for its Curriculum, citing their positive ftncounters with Curtin^graduates. Source. A questionnaire conducted by SHRI on HR Practitioners' views on fflk 6^LKat qualifications f HR (»W Master of Human Resource Mgt 18th Intake Bachelor of Commerce (HRM IR) 22nd Intake Bachelor of Commerce (Mgt HRM)
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