The Business Times, 26 January 2005

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Total Pages: 30
1 30 The Business Times
  • 15 1 THE BUSINESS TIMES singaporeWch& fSmne at http://business-times.asia 1 .com.sg MICA (P) 023/03/2004 Wednesday January 26,2005
    15 words
  • 636 1  -  It warns against joining class-action suit in US By KENNETH LIM [SINGAPORE] China Aviation Oil's Beijing-backed parent said yesterday its offer to inject funds into the crippled jet fuel trader is conditional, and that it has never agreed to cover CAO's massive losses. Parent
    REUTERS  -  636 words
  • 412 1  -  By GENEVIEVE CUA [SINGAPORE] Real estate investment trusts tfteitsi) are still hot, a recent qualitative survey by Mercer Investment Consulting suggests. Most of the six fund management firms polled by Mercer in January said Singapore's Reits remain attractive despite the
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  • 135 1 sn 2,065.71 (-8.53) ST INDEX FUTURES 2J79M (+7.00) nsmsa Umii (-0.53) SIMSa FUTURES 249J0 (+0.70) MARKETS Tuesday Chang* KLSECOMP 919.75 -3.58 NIKKEI 225 11.276.91 -12.58 HANG SENG 13.584.06 +197.07 SET INDEX 702.14 *622 JAKARTA COMP 1.026.89 -3.82 MANILA COMP 1.990.29 +24.96 SEOUL COMf 915.10 -8.01 SHENZHEN B 236.91
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  • 43 1 TOP STORIES ...PG 2,3 COMPANIES PG4>6.7 MARKETS PGB SINGAPORE PG 9 ECONOMY PG 10 M'SIA PG 11,12 INDONESIA PG 12 CHINA/INDIA... PG 13 ASIA-PACIFIC ..PG 14 WORLD PG 15 AVIATION PG 16 SHIPPING PGI7 EDITORIAL PG 18 STOCKS PG 20.21 MOTORING PG27
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  • Page 1 Advertisements
    • 222 1 WIDENING THE NET Issue managers to be liable TEMASEK DEAL Investment company buys into listed KSTfech RG2 BULL MARKET Asian properties, equities in for a bull run PG6 V I A CHALLENGING HK ■flfj The real danger wont come from S'pore pg 13 I A7SV7SvI^^H E^^fl^l^^lHkTiTill going I I. When
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    • 4 1 II 111 8 *****V*****4
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  • TOP STORIES
    • 543 2  -  AVIATION CONFERENCE By VEN SREENIVASAN [SINGAPORF] Asian fullservice legacy carriers are more nimble and ready than their American and European counterparts to meet the competition headon from low cost upstarts, said Singapore Airlines (SIA) chief executive Chew Choon Seng.
      FILE PHOTO  -  543 words
    • 48 2 IN yesterday's report "S'pore consumer prices up just 1.7% in 2004", we said food prices dipped 0.1 per cent in November 2004. Food prices that month actually rose 0.1 per cent from October 2004 and 2.8 per cent from November 2003. We are sorry for the error.
      48 words
    • 531 2  -  Listed company has lately diversified into refurbishing oil rigs and platforms By RONNIE LIM [SlNGAPOßE] Riding on the region's energy boom, Temasek Holdings will pay $8.75 million for a 7.26 per cent stake in mainboardlisted KS Tech, which supplies equipment and refurbishes rigs for
      FILE PHOTO  -  531 words
    • 642 2  -  BT exclusive By RONNIE LIM [SlNGAPOßE] Global energy titan ExxonMobil is expected to announce by as early as mid-year whether it will build a second worldscale, multi-billion dollar petrochemical cracker in Singapore, BT has learned. The booming Asia-Pacif-ic market would clearly seem to support
      642 words
    • 645 2 Issue managers to be liable for prospectus disclosures MANAGERS of share issues will be made liable for prospectus disclosures under changes to the Securities and Futures Act. They will join share issuers and underwriters, which already face criminal and civil liability for any material deficiencies in a prospectus,
      645 words
    • 793 3  -  Proposed changes to SFA reflect developments in financial industry By WONG WEI KONG (SINGAPORE] Share issue managers will be made liable for prospectus disclosures under changes to the Securities and Futures Act. Currently, only issuers and underwriters are liable under the Act.
      793 words
    • 555 3  -  By RAJU CHELLAM [SINGAPORE] After three years of near-stagnation, companies and governments are ready to beef up infotech spending globally, including the Asia-Pacific region. For the first time, worldwide spending on IT will cross US$l trillion this year, up about 6 per
      REUTERS  -  555 words
  • Page 2 Advertisements
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  • Page 3 Advertisements
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      224 words

  • COMPANY NEWS
    • 528 4  -  It feels its shares will be valued higher on the US board than the SGX By WONG WEI KONG HONG KONG-BASED Giant Wireless Technology is exploring a Nasdaq listing in the US as it believes that investors there may appreciate the stock better, a move
      528 words
    • 603 4  -  TROUBLE AT CAO By ANGELA TAN WHILE United Overseas Bank (UOB) and OCBC Bank have pore), th&SSmSm£m**E not mak|> l i *iil!f*i!l«>flWF banks' FY2004 bottomlines, analysts said yesterday. "The amounts are not material in light of both banks' earnings. Even if they have to
      FILE PHOTOS  -  603 words
    • 201 4  -  By JEAN CHUA SINGAPORE Airlines has announced that it is expecting a' 'baby* a newcomer that will weigh in atZ76-8 tonnes. In a tongue-in-cheek advertisement in The Australian Financial Review newspaper, the airline said: "Parents are delighted... Sgfrill be hdr futur&£as&fe#p." e ew
      201 words
    • 695 4  -  HOCK LOCK SIEW By MICHELLE QUAH WITH the United States moving towards legislating a cap on the liability of accounting firms in financial scandals such as those arising from the Enron debacle investors here need to ask themselves if they are truly
      695 words
    • 528 6  -  But despite Q4 warning, Excelpoint expects to be profitable for full year By MICHELLE QUAH ELECTRONICS components distributor Excelpoint Technology has warned it would not be profitable in the fourth quarter of 2004, with its business hurt by the economic soft landing in
      528 words
    • 520 6  -  By ANGELA TAN KEPPEL Telecommunications Transportation (Keppel TBiT), which designs and upgrades cable networks, yesterday said its fiscal 2004 net profit rose 88 per cent to $34 million, thanks to gains from the sale of its noncore shipping business. Divestment and closure of its
      520 words
    • 374 6  -  By JOYCE KOH LOW interest rates, stronger currencies and higher domestic demand are all main features expected in Asia this year. This is the prognosis by Pu Yonghao, head of Asia regional research and chief regional economist at ÜBS Wealth Management, at a
      Source: WM Research  -  374 words
    • 598 6  -  MARKET OUTLOOK Building-related, banking stocks to outperform: Citigroup By SIOW LI SEN ASIAN properties and equities are in for a two to three year bull market and could outperform the rest of the world, powered by liquidity, says Citigroup Private Bank.
      Source: Bloomberg; Photo: AFP  -  598 words
    • 291 6 His immediate priority is to grow the business DBS Vickers executive director of group retail business Hui Yew Ping will replace Leong Mun Wai as head of OCBC Securities on Feb 7. Mr Leong resigned earlier this month. OverseaChinese
      291 words
    • 519 7  -  Mainboard-listed company to own 87.5% of joint venture firm By KENNETH LIM SEKSUN Corp said its electronics manufacturing services (EMS) arm is merging with a US company to target small-sized customers from across the Pacific. Mainboard-listed Seksun, which derives about 70
      519 words
    • COMPANY BRIEFS
      • 78 7 YESTERDAY was another active day for warrant issuers. SGA Societe Generale proposed to issue 50 million European-style call warrants on DBS Group, 25 million call warrants on SembCorp Industries, 21 million call warrants on Singapore Press Holdings, 15 million call warrants on Keppel Land, nine
        78 words
      • 60 7 ST Engineering yesterday announced that its electronics arm, ST Electronics, has raised its stake in payment terminal maker Cadmus Technology from 7.4 per cent to 9.9 per cent. The additional stake was acquired for NZ$ 1.13 million (Ssl .31 million) in cash. The
        60 words
      • 42 7 JARDINE Cycle Carriage Ltd said it has purchased from the market 207,000 shares for 2.1 billion Indonesian rupees (*****,000). The additional shares would increase JC&C's shareholding in Astra from 47.33 per cent to 47.34 per cent.
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      • 48 7 CHINESE production firm Colorland Animation Ltd said it has established a representative office in Singapore to provide information on the company's activities and promote public awareness. Lai Ka Tim, a director of the firm, has been appointed representative of the new office.
        48 words
      • 38 7 HOTEL Plaza Ltd yesterday announced that it has dissolved Plaza Pacific Hotels Resorts International Ltd, its dormant subsidiary incorporated in the British Virgin Islands. The action follows members' voluntary liquidation proceedings commenced earlier.
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      • 79 7 UNITED Envirotech Ltd said that its wholly owned subsidiary, Novo Envirotech (Guangzhou) Co, has secured an engineering project worth 62 million yuan (S$l 2 million). The contract was awarded by Huizhou Daya Bay Qingyuan Environmental Protection Co. Under the deal, Novo Envirotech Guangzhou will design,
        79 words
      • 22 7 COSCO Corp yesterday said that I.awrence Kwan has resigned as its company secretary with effect from Jan 24.
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    • 163 7 INDEPENDENT IT services and solutions company, Datacraft, has been awarded a US$l.45 million project by Internet Network Part (INP), the Korean government's authorised network installation and communications service provider. The deal will see Datacraft upgrade Internet Network Part's Internet Protocol backbone to 10 gigabits per
      163 words
  • Page 4 Advertisements
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      106 words

  • Page 5 Advertisements
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  • Page 6 Advertisements
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  • Page 7 Advertisements
    • 36 7 Recruit from a wider audience XXX X X %QPO% O Q Wm ■> P P P W n it n n n Call 1800 289 8822 or email reavit@sph.com.sg for your recruitment solutions I *j7&I1BIhm 3 BIRR
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  • SINGAPORE MARKETS
    • 890 8  -  CURRENCIES Is a revaluation really the panacea for all of America's problems? LARRY WEE Senior Correspondent THE US dollar's fortunes failed to improve much over the past one week, thanks to a combination of higher oil prices, a weaker Wall Street
      890 words
    • Article, Illustration
      513 8  -  Compiled by JOYCE KOH Cosco Corp Jan 25 dose: $1.29 (-1 cent) JP MORGAN ASIA PACIFIC EQUITY RESEARCH. Jan 21 WE believe Cosco's current share price has yet to keep up with the anticipated growth in earnings, despite its solid share price performance in the past year. We
      Source: Bloomberg  -  513 words
    • 375 8  -  STOCKS R SIVANITHY Senior Correspondent THE Straits Times Index may have held up reasonably well this year in the face of Wall Street's weakness but yesterday's 8.53-point loss meant the index at 2,065.71 has now given up all its gains over the past three
      375 words
    • TRADES TO WATCH
      • 142 8 TEMASKK Holdings' Fullerton Pte Ltd saw its deemed stake in United Test and Assembly Center (Utac) fall to 4.97 per cent from 5.92 per cent after 8 million shares were sold on the open market in a series of transactions on Jan 17. Fullerton also
        142 words
      • 130 8 MAI N BOARD- LISTE D Nam Lee Pressed Metal Industries is no longer a substantial shareholder of Broadway Industrial Group after it sold 1 million Broadway shares on Thursday last week. Nam Lee, a maker of aluminium products such as frames for container
        130 words
      • 90 8  -  Compiled by KENNETH LIM PROMINENT investor Wong Fong Fui bought 100,000 shares of Boustead Singapore on Thursday last week and raised his shareholding to 30.15 per cent from 30.11 per cent. The shares were bought on the open market at 66.5 cents apiece.
        90 words
    • 342 8  -  CHART POINT By LIM SAY BOON OCBC Investment Research WHAT you see depends on where you sit. That old saying is pretty relevant when contemplating the Straits Times Index chart at the moment. If you are looking at things from a short-term,
      Source: Bloomberg  -  342 words
    • Article, Illustration
      430 8 OTHER SINGAPORE INDICES Jan 25 VALUE CLOSE BT OB/OS -43.00 -131.00 BT CADI -*****.00 -194 1 00 BT 10-day MA -*****.00 -5.00 All-SG Equities 540.96 -2.13 SG Equities Elect 158.72 -1.94 SG Equities Fin ***** +2.60 SG Equities Prop +0.79 SIMSCI 248.18 -0.53 SiMSCI Futures 249.30 +0.70 MOST ACTIVE STOCKS
      430 words

  • SINGAPORE NEWS
    • 790 9  -  IN PARLIAMENT Also, licensees who break IDA rules now face stiffer penalties By DANIEL BUENAS IN what is seen by some as a significant development for the telecommunications industry, the Infocommm Development Authority (IDA) is now empowered to order a telecom licensee to
      BLOOMBERG  -  790 words
    • 277 9 HIGHER claims and an extended age limit are on the wish list of the National Trades Union Congress (NTUC), in anticipation of changes to the Medishield scheme that the Ministry of Health (MOH) is expected to make. NTUC is also hoping
      277 words
    • 240 9  -  By LIZA LIN THE tsunami disaster has shown Singapore, Japan, India and China as joining the usual suspects such as the United States as prime movers in disaster assistance, said Amitav Acharya, deputy director of the Institute of Defence and Strategic Studies (IDSS), at
      240 words
    • 218 9  -  By ANDREA TAN THE property management services sector is slowly shedding its dowdy image but needs to be linked to financial yield to command its rightful status, Premas International CEO Anthony Seah said yesterday. Speaking at Facility Asia 2005, a conference organised by
      218 words
    • 369 9  -  Their managers, shareholders must get MAS approval By ANDREA TAN REGULATIONS for business trusts appear to be stricter than those for real estate investment trusts (Reits), at least when it comes to managers and shareholders. For a start, directors, managers and significant shareholders
      369 words
    • IN BFIEF
      • 122 9 HOME Affairs Minister Wong Kan Seng yesterday told Parliament that all the assets, liabilities, staff and contracts of the Commercial and Industrial Security Corporation (Cicso) will be transferred to a new company as part of the statutory board's corporatisation. "The new company will operate
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      • 119 9 PARLIAMENT yesterday agreed to increase the Civil List the amount of money allocated to the President as head of state by about 5 per cent to around $5.85 million. The President's salary and entertainment expenses were increased to around $2.5 million, from around $2.25 million
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  • Page 9 Advertisements
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  • ECONOMY WATCH
    • 654 10 This raises the risk of another interest rate increase to avoid overheating Reuters [BEIJING] China's economy accelerated to 9.5 per cent growth in the year through the fourth quarter, exceeding forecasts and raising the risk of another interest rate increase to avoid overheating.
      Reuters; REUTERS  -  654 words
    • 413 10 AP, Reuters [WASHINGTON] A widely watched indicator of consumer confidence in the US unexpectedly rose for the second month in a row in January, hinting that the economy would continue to grow in the first half of 2005, a private research group reported yesterday. The
      AP,; Reuters  -  413 words
    • 282 10 Reuters [PARIS] A top European monetary official has disputed the findings of a survey of central banks that a shift away from the US dollar is taking place. European Central Bank board member Axel Weber said on Monday that
      Reuters; BLOOMBERG  -  282 words
    • 736 10 Bloomberg [TOKYO] The Bank of Japan (BOJ) will probably drop its October forecast that consumer prices will have an increase next fiscal year for the first time in eight years, policy maker Atsushi Mizuno said. "We must assume the forecast will be lowered,"
      Bloomberg  -  736 words
  • Page 10 Advertisements
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  • M'SIA COMPANIES
    • 654 11  -  Analysts say it should improve efficiency, not add on non-core assets By PAULINE NG in Kuala Lumpur NATIONAL car company Proton needs to work on getting its auto business on a solid footing, increasing its economies of scale and bringing down its operational costs,
      654 words
    • 444 11  -  By S JAYASANKARAN in Kuala Lumpur SULAIMAN Abdul Rahman Taib, the executive chairman of RHB Capital, Malaysia's third-largest banking group, denied yesterday that his bank was looking to merge its commercial banking operations with those of Commerce Asset Holdings, the country's sec-ond-largest banking
      BLOOMBERG  -  444 words
    • 424 11 [KUALA LUMPUR] Maxis Communications Bhd's 51 per cent-owned Indonesian cellular company will be investing between US$l.3 billion and US$l.B billion over the next five years, with US$7OO million to US$BOO million earmarked for capital expenditure over the next two years. According to
      424 words
  • Page 11 Advertisements
    • 949 11 Keppel Telecommunications Transportation Ltd Co Reg No: *****0115G (Incorporated in the Republic of Singapore) 1. UNAUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 2004 The Directors of Keppel Telecommunications Transportation Ltd advise the following unaudited results of the Group for the year ended 31 December 2004. GROUP 2004 2003 $'000
      949 words

  • MALAYSIA/INDONESIA
    • 474 12 New cap of 30% of equity aimed at boosting public works funding Bloomberg [JAKARTA] Indonesia's central bank has raised the limit on banks' corporate lending in an attempt to channel increased funding to public works projects and bolster South-east Asia's largest economy. Banks
      Bloomberg; BLOOMBERG  -  474 words
    • 247 12 Bloomberg [JAKARTA] PT Indofood Sukses Makmur, the world's biggest instant-noodle maker, plans to seek court approval to buy back at par US$2BO million of eurobonds sold by its Mauritius unit, the company said on Monday. The buyback is aimed to reduce tax payments
      Bloomberg  -  247 words
    • 346 12 AP [KUALA LUMPUR] Struggling to control rampant video piracy, Malaysia's government is proposing mandatory jail sentences for producers, distributors and vendors of bootleg movies and music compact discs. A high level meeting to review the 17-year-old Copyright Act will be held next week to
      AP; FILE PHOTO  -  346 words
    • 380 12 Bond prices rise as speculation of ringgit revaluation persists Reuters, AP [KUALA LUMPUR] Offshore funds are still pouring money into Malaysia despite the government's renewed pledge to keep the currency's peg for now. Malaysian bond prices were mostly higher yesterday, boosted by foreign
      Reuters,; AP  -  380 words
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  • Page 12 Advertisements

  • GREATER CHINA/INDIA
    • 578 13 It cracks down on irregularities as it moves to improve supervision Bloomberg, AFP [BEIJING] China's banking regulator said it's investigating 157 branches of the nation's four biggest stateowned banks for breaching rules, as it strengthens supervision to bring the industry in line with international standards.
      Bloomberg,; AFP; AP  -  578 words
    • 320 13 AFP [NEW DELHI] Renewing the asset sale programme, the Indian government yesterday announced plans to sell shares in two state-run firms to raise US$53O million next fiscal year. "We will sell 10 per cent of Bharat Heavy Electricals (BHEL) and 7.5 per cent of
      AFP  -  320 words
    • 647 13  -  CHINA INSIGHT Its sister cities such as Shanghai are growing blips on its radar screen JEAN CHUA Reporter THE simmering competition between Hong Kong and Singapore is brought to the boil again. This time, it's the governor of Guangdong province who said the
      647 words
  • Page 13 Advertisements
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  • ASIA-PACIFIC/WORLD
    • 624 14 Industry-wide challenge is to cut costs matching rapid price falls Feb 4. Reuters. Bloomberg [TOKYO] Matsushita Electric Industrial Co and Sharp Corp are expected to stand out when Japan's consumer electronics makers unveil earnings over the next two weeks, but a sharp
      Feb 4. — Reuters. Bloomberg; AFP  -  624 words
    • WORLD WATCH
      • 105 14 Bloomberg [NEW YORK] Merck Co, the world's third-largest drugmaker, said fourth-quarter profit tumbled 21 per cent, partly because of the Sept 30 withdrawal of its Vioxx painkiller. Net income declined to US$l.l billion from US$l.4 billion a year earlier, it said in a
        Bloomberg  -  105 words
      • 61 14 Reuters [NEW YORK] KPMG, one of the Big Four accounting firms, yesterday said global revenue rose 14.7 per cent to U5513.44 billion for the year ended Sept 30. The company said revenue rose 7.3 per cent in local currency terms. KPMG LLP, the firm's US
        Reuters  -  61 words
      • 122 14 Reuters [TOKYO] Nomura Holdings Inc, Japan's biggest securities house, reported a 60 per cent rise in quarterly earnings yesterday, buoyed by IPO fees and investment gains on securities holdings. Heightened competition with online brokerages curbed stockbroking revenues, however, and analysts' consensus estimates show
        Reuters  -  122 words
      • 55 14 Reuters [SEOUL] Citigroup Inc has expressed interest in buying South Korea's smallest oil refiner, Inchon Oil Refinery Co, for 780 billion won (Ssl .2 billion), Korea Economic Daily said yesterday. The reported value is higher than about 630 billion won offered by China's state
        Reuters  -  55 words
      • 34 14 Reuters [FRANKFURT] US investment firm Lone Star is planning to buy a leading bank in Germany and turn itself into a lender, the Financial Times reported yesterday. Reuters
        Reuters  -  34 words
      • 99 14 Reuters [TOKYO] Japan and Thailand yesterday agreed to renew a currency swap pact, patching up one of the biggest holes in an Asia-wide network designed to ward off the kind of financial crisis that rocked the region in 1997. The sides decided to make
        Reuters  -  99 words
    • 363 14 Reuters [SEOUL] Hana Bank, South Korea's fourth-largest lender, in which Singapore investment company Temasek holds a 9.7 per cent stake, reported a stronger-than-expected quarterly net profit yesterday. Hana, along with rival local banks such as Kookmin Bank, has benefited from a recovery in
      Reuters  -  363 words
    • 341 14 AFP [BANGKOK] Thailand yesterday adopted an emergency plan to deal with possible human-to-human transmissions of bird flu, days after confirming its first outbreak this year of the disease which has claimed nine lives since late December in nearby Vietnam. The Thai cabinet
      AFP; REUTERS  -  341 words
    • 468 14  -  By ANTHONY ROWLEY in Tokyo THE foreign ministers of Japan and Singapore agreed yesterday to press for the rapid implementation of a tsunami early warning system in the Indian Ocean. This comes in the wake of the disastrous earthquake and tsunami that
      468 words
    • 345 14 Reuters (MUNICH] German electronic chipmaker Infineon will sell about 40 per cent of its loss-making fibre optics unit to US-based Finisar Corp. It comes two weeks after the sale of the whole unit fell through and two days jafter Infineon
      Reuters  -  345 words
    • 352 14 NYT [NEW YORK] Google and Yahoo are introducing services that will let users search through television programmes based on words spoken on the air. The services will look for keywords in the closed captioning information that is encoded in many programmes, mainly as
      NYT  -  352 words

  • WORLD
    • 436 15 Regulator found evidence staff manipulated market in August Reuters, Bloomberg, AFP [NEW YORK] Germany's financial regulator has referred a controversial bond trade Citigroup made last year to prosecutors. German regulator BaFin has told the financial giant that it has evidence that the bank manipulated
      Reuters,; Bloomberg, AFP  -  436 words
    • 324 15 [NEW YORK] The Securities and Exchange Commission was scheduled last night to signal a relaxation of registration requirements for foreign companies which want to escape US corporate governance rules, the Financial Times reported yesterday. William Donaldson, chairman of the US regulator, is
      AP  -  324 words
    • 462 15 Reuters [WASHINGTON] The US Budget deficit will reach US$36B billion this year before any war costs are added in, the Congressional Budget Office said yesterday, according to a source familiar with the worse-than-expected numbers. The previous CBO forecast called for a US$34B billion
      Reuters  -  462 words
    • 232 15 AP [SEATTLE! The Bill Melinda Gates Foundation announced on Monday that it is donating US$75O million to support immunisation programmes in developing countries. The 10-year grant to the Global Alliance for Vaccines and Immunisation will be used to buy and distribute vaccines for diseases such
      AP  -  232 words
  • Page 15 Advertisements
    • 292 15 To advertise call toll-free 1800 289 8822 Email: noticesOsph.com.sc ARROW STRONG ELECTRONICS (S) PTE LTD (In Members' Voluntary Liquidation) Company Reg. No.: *****1853Z NOTICE TO CREDITORS The company referred to in the Notice to Creditors published on 17 December 2004 read as "Arrow Electronics (S) Pte lid". It should have
      292 words
    • 227 15 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF TRIBSONS JEWELLERS PTE LTD (Regit. No. 19H*****0R) (In Members' Voluntary Winding Up) NOTICE OK FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section .108 of the Companies Act, Chapter 50. that a Final Meeting of the
      227 words
    • 191 15 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF NIHON SEKKEI CONSULTANTS (S) PTE LTD (M MEMBERS' VOLUNTARY LIQUIDATION) (COMPANY REGISTRATION NO. *****1569R) NOTICE OF MEMBERS' VOLUNTARY LIQUIDATION Notice is hereby given that at an Extraordinary General Meeting of Members of the abovenamed company held
      191 words
    • 406 15 In The Mailer Of The Companies Act, Cap. 50 And In The Matter Of Rich Dale Investments Pte Ltd Company Reg. No. *****4026 D (In Voluntary Liquidation) Members' Voluntary Winding I p At an Extraordinary General Meeting of the Members of the abovenamed Company duly convened and held at Suite
      406 words
    • 285 15 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF SOMERSET TECHNOPARK PTE LTD (IN MEMBERS'VOLUNTARY LIQUIDATION) (REGISTRATION NO. *****6027K) At an Extraordinary General Meeting of the members of the above-named Company held at 8 Shenton Way #13-01 Temasek Tower Singapore *****1 on 17 January 2005,
      285 words
    • 649 15 Call toll-free 1800 289 8822 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF HILDA'S PRIVATE LIMITED (Kegn. No. 19H*****0M) (In Members' Voluntary Winding Up) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pureuant to Section 308 of the Companies Act. Chapter 50. that a
      649 words
    • 656 15 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF ABC CONSULTANTS (S) PTE LTD (Regit. No. *****1533 C) (In Members' Voluntary Winding Up) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act. Chapter 50. that a Final Meeting
      656 words

  • AVIATION
    • 632 16  -  AVIATION CONFERENCE Delhi eases rules on foreign players, implements new civil aviation policy Reports by VEN SREENIVASAN [SINGAPORE] After years of inertia, 2005 could be a watershed year for India's aviation sector, thanks to sweeping liberalisation and a new civil
      FILE PHOTO  -  632 words
    • 314 16 [SINGAPORE] India's Jet Airways will start services to Singapore, Bangkok and Kuala Lumpur by the middle of this year. The carrier's chief executive Wolfgang Prock-Schauer confirmed this on the sidelines of the Asia Pacific Middle East Aviation and Tourism Outlook 2005 conference yesterday. "We will
      314 words
    • 262 16 Bloomberg [MUMBAI] Air India, the nation's biggfcst overseas carrier, will expand its network to Europe, Canada and Australia, as it acquires more aircraft to cater to the rising demand for travel. Air India will fly to cities such as
      Bloomberg  -  262 words
    • 1940 16 O" HJGWT ETA FUWT ETP SK973 1940 SK972 2210 1 Da Hang MI633 2225 MI633 1425 AddaHl AF8087 1855 LH9770 2245 SQ5024 2225 SQ5024 1425 BA7381 1855 SQ229 2245 Darwin AF8087 1855 A***** 2235 LH9771 1855 BA7381 1855 QF81 1855 Qf81 1855 SQ230 1855 Deihi SQ407
      1,940 words
    • 750 16 Bloomberg [NEW YORK] In January 2003, Wayzata Investment Partners, a US$l.5 billion private equity firm named after the Minneapolis suburb in which it's based, started buying bonds backed by 13 Airbus planes flown by US Airways Group. With memories of the
      Bloomberg; BLOOMBERG FILE PHOTO  -  750 words

  • SHIPPING
    • 706 17  -  Focus to remain on Indon market because of vast size of deposits By DONALD URQUHART [SINGAPORE] Mainboardlisted Sembawang Kimtrans Ltd (SKL) is investing nearly $55 million in Indonesia's fast growing coal logistics business as the sector is expected to be a key
      ZAOBAO  -  706 words
    • 352 17 Bloomberg [HONG KONG] Cosco Pacific Ltd, a port-operating unit of China's largest shipping company, will spend US$7lB million this year to invest in ports and buy containers as it seeks to expand, analysts said. Cosco Pacific plans to invest US$35O million in container terminals
      Bloomberg  -  352 words
    • 295 17 SGX '000 Jan 25 SS Vol CH Offshore 0.39 unch 848 ChuanHup 0.68 0.01 2404 Cosco Corporation 1.29 -0.01 4451 CWT Distribution 0.68 unch 276 EzraHldgs 1.06 unch 249 Freight Links 0.10 unch 1958 Grand Banks Yacht 1.01 -0.01 61 Java Holdings 1.06 0.02 822 K1 Venture- 0.27
      295 words
    • 217 17 Bloomberg [MANILA] SembCorp Logistics Ltd, a Singapore-listed company which stores and distributes products for customers, including Procter Gamble Co, will set up a Philippine venture with local business tycoon Lucio Tan. Mr Tan will invest in the venture through Macro Asia Corp, a Philippine
      Bloomberg  -  217 words
    • 689 17  -  STRAIT TALK By DAVID HUGHES WHILE Jan 1 or the Chinese New Year may mark the passing of the years for most of us, the practitioners of marine liability insurance take most notice of Feb 20. That is when "entries" with the mutual insurers,
      689 words
    • 570 17  -  By GEORGE JOSEPH [SINGAPORE] Singapore is adopting a maritime convention which provides for a higher level of compensation in claims and which will also enhance its attractiveness as a centre for maritime law and arbitration. The Maritime and Port Authority of
      570 words
  • Page 17 Advertisements
    • 170 17 bk 1 11 ■fij J«^J Dear Customers We like to inform that MANN+HUMMEL only acknowledge warranties and/or warranty claims of Centrifuge that are purchased from our appointed authorised distributors For more Information on genuins MANN+HUMMEL -*f Centrifuge (formerly known as Glacier Centnfuge) |f and our authorised distributors, please contact us
      170 words

  • EDITORIAL & OPINION
    • 536 18 EDITORIAL AS 2004 drew to a close, predictions were rife that a collapse of the dollar was imminent but then, with the turn of the year, the fortunes of the US currency seem to have changed. So why have market perceptions changed so quickly when
      536 words
    • 1160 18  -  Tapping 1,000 experts, the US National Intelligence Council envisages four possible futures ANTHONY ROWLEY Tokyo Correspondent IT will be a brave new world by the year 2020, with China and India emerging as global powers alongside the US and making a technological great leap forward
      PHOTOS: REUTERS, AFP  -  1,160 words
    • 689 18  -  THE BOTTOM LINE DONALD URQUHART Transport Correspondent IF there is one silver lining in the tragedy that Indonesia's Aceh province was cruelly dealt by the Indian Ocean aside from the international outpouring of aid and compassion it was the instant global visibility
      689 words
    • 1257 19  -  Apart from rising costs, the 4,000km trans-Siberian project has to contend with a growing chorus from environmentalists By JAMES BROOKE NYT STRETCHING from Lake Baikal to the Japan Sea, the first trans-Siberian oil pipeline is to run 4,128 kilometres. With a price tag of US$l5.5
      NYT; BLOOMBERG  -  1,257 words
    • 817 19  -  LETTERS TO THE EDITOR Narayana Narayana Singapore THE Hock Lock Siew column by R Sivanithy, "Leave options schemes to shareholders" (BT, Jan 24), gives me a late, but still welcome, opportunity to tilt at windmills in the matter of employee stock option schemes (ESOS) which
      817 words
    • 192 19  -  Denis Distant Singapore THE Hock Lock Siew article "Leave options schemes to shareholders" by R Sivanithy (BT, January 24) referred to Asia Pacific Breweries' "phantom share option plan" (PSOP), which replaced the executives share option scheme which expired in July 2004. The PSOP
      192 words
    • 313 19  -  Charlie Tagy Marketing Communications, Singapore Discovery Centre THE new targets set by the Singapore Tourist Board (STB) are ambitious but certainly achievable if we remain focused. The $2 billion tourism fund (spread over 10 years) sends a strong signal that the government is all
      313 words

  • Page 19 Miscellaneous
    • 212 19 CRYPTIC CROSSWORD 1 6+6 9 food 1 (6) 1 2 Chores are set for a maiden resort with connections (8) YESTERDAY'S SOLUTION Perhaps (9) 16 Racists on exchange get Across 1 white spjrjt g Fjfe 1Q 3 Feminine look freed a part of ♦V n France Constantine, 11 Tear, 14
      212 words

  • 11268 20 STRAITS TIMES INDEX STOCKS StadiHMM Wt Qom Owg» Stodi nam* Wt Pom Change Allgreen 50c 0.30 1.100 -0.010 NOL 2.23 3.180 +0.060 BIL Intt US20c 0.48 1.060 -0.010 OCBC 9.94 13.600 -0.100 CapitaLand 1.47 2.240 +0.030 Parkway H 25c 0.71 1.560 -0.010 Chart SemiCond 26c 0.70 0.940 -0.020
    11,268 words

  • 5973 21 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local curr In S$ In USS dy yr dy yr dy %yr Jan24 Index Change Change Change Change Change Change World Index Preliminary 835.1 0.1 73 0J 5.0 0.3 9.2 EAFE Preliminary 769.8 0.1 9.8 0.2 9.8 0.4 141 Europe Preliminary *****
    5,973 words

  • Page 22 Advertisements
    • 1618 22 I TO USA/CANADA I I EXPORT 1 I OTHER DESTINATIONS I IWV 1 *6 |rASIN|LONC»EACH|DAUAS|HOUSTON|MEMPHIs[CHICA«)|NEWYORK""II TO AUSTRALIA (AUSTRALIA ASIA EXPRESS) OOQ ROTTERDAM 09E04 OMIT 26/01 11/02 17/02 18/02 16/02 16/02 19/02 VOY I ETA SJH I PKG HI c Y n I Mfi law ooa.««o wi nm mi i« vm
      1,618 words
    • 72 22 UK CONTINENT SERVICE Loading for LOK PRATAP RTM/ATW/BMN/UK/NAN SPYROS B RTM/ATW/BMN/UK/NAN Loads Singapore, EJ\N. Malaysia, Indonesia MIDDLE-EAST SERVICE Loading for PAN BRIGHT DBI/ABU/DOH/BRN/DMM/KWT LOK PRATIMA DBI/ABU/KWT/BDK •Loads Singapore, EVW. Malaysia, Indonesia USA SERVICE Loading for HANJIN TAMPA VCW/VCB/LAX/MZL MARY H CAM/NFK/SAV/NOL 'Loads Eyw. Malaysia, Indonesia F.E./S.E.A. SERVICES S'pore Loading for
      72 words
    • 885 22 IINTfRASIA RORO SERVICE vKsa/vor mhwcti hbghtw pkc «h 10 I sw I "It STRAITS VEimjK OT/05 15 3? 20/01 23/01 27/01 30/01 01/02 STRAITS VENTURE 03/05 15 3.2 03/02 05/02 10/02 13/02 15/02 STRAfTS VENTURE 04/05 15 12 17/02 19/02 24/02 27/02 01/03 WIST ASIA/HNOAL RPRO SVS vissa/vor rampckt) hoght(M)
      885 words

  • Page 23 Advertisements
    • 881 23 MOL Combines CT range of shipping modes Id ensure timely, reliable services covering major ports in No™ Amenco, Europe, Japan, Asia, Africa Oceania. Abe mipt hrtre-Asii Cv§ms tc BUSAN KWANGYANG SHANGHAI YANTIAN XIAMEN QMGDAO BILAWAN JAKARTA SURABAYA KAOHSIUNG BANGKOK lAIM CHABANG WCHMIINH EASII CUDANG PPlAlliw TOW iSIAMG F° Tracking, visit
      881 words
    • 1301 23 rasa voy sin x! hkg khh |ik kyh pus vtssa voy sin jkt sub hkg usn pus HYIBDK JJB9S 7/7_ J/7_ J/2_ JO/2 \7/7_ JV2 J6/2_ KMTCSPOtE 502S_ _30/l_ 7/7 3/2 1/7 12/1 13/1 HYYUDIYOSTOK IS4S 10/2 12/2 17/2 IV? 21/7 73/7 23/2 KMTC SHANGHAI 502S 4/2 9/2 10/2 Is/T
      1,301 words
    • 873 23 WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICD POINTS rasa vot aw mlangl colormq n. sheva colommT" MIHLM2 0003W 24 JAW 26JAN W JAW 01FB 04 FH XOEAPEIWHA YFWOS7 31 JAW 02 FEI 05 FEI 08 FEI II FEI WWW MM MBLJimL Jilf£L I2FO ~TSFB~ 18FEI
      873 words

  • Page 24 Advertisements
    • 789 24 IAXA# WALLENIUS WILHELMSEN website: http://www.2wglobol.com VtSStl IK HMO HOW Ml* SAV lAL OOF NY( HEW M 0» TEXAS AFSO3 ***** m 6.4 M 08/02 OMITS 10/03 17/03 18/03 22/03 20/03 24/03 14/03 TAMfRLANE AFSO4 3201 MS IMM I 16/02 10/03 20/03 27/03 21/03 02/04 31/03 04/04 24/03 |TAIKO AFSOS |420T0m
      789 words
    • 1422 24 jm m m m jtßsa m m «L_ WCtANPA USUI 25/01 25/01 AIAMMTA2 1232 2AZAJ 2SZAJ MC PANDA L392N 26/01 27/01 mHTOH 1244 2ZZSJ 2iZQI PAC »AHDA 1393N 21/01 21/01 -EALIAU ALU 2S/IU 31/01 W PAWPA *****1 22/ftJ 30/01 AIAMJAYA 2 Z »»33 0»/02 Q?/Q2 p*c BAHDA ittu aazfli ai/oi
      1,422 words
    • 58 24 5 WINSTAR SHIPPING PTE LTD (t. Im N«. 1WJ*****N WINSTAR LOGISTIC PTE LTD fc|BfclllgW» SIN BATAM UXMI lam 6 Sdk|i WiiHy (Mm Sat) Loadbg at Joroag Port, J2 Door to Door KL/ICL/ Conventional Cargo [afrirkt: Htm* coi tkmmi, Stkastim or Joof TUO IAItOI CHAJtTKRINO, PROJfCT CARGO httkr ttnria far Uomm
      58 words
    • 647 24 BSA x. I| IHSPT!3SH I VSW!fSfSrTPS9B^^Br MYANMA 888 FIVE STAR LINE (Myoßmar National Line) Loading for Yangon VESSEL VOY SIN PM PEN PGU PAGAN 341W 02/02 HPA-AN 330W SU) IN MALAYSIA: IOUSTEAD SHIPPING AGENCIES KUI/PKL: 03-*****388 PEN: 04-*****1S ACCEPTINB CONVENTIONAL CBO HUG SIN HKG SIN PGU PU KUC CRYSTAL MART
      647 words

  • Page 25 Advertisements
    • 759 25 [I \v. /I S'pm AfMk: ML SUaataf Aancy (S) Pt* ltd K» NO; 14SM*****0Z) c r-nierasia JL ines *Wt7 HA. v, ~~~T~ 0 ~li 01 17/51 0' oSST 25* i oTS? 03^?5Tw HOI OASIS 5263 11/01 11/01 If/01 20/01 21/01 22/01 24*1 30/01 WHIMSB IX3 21/01 30i/0l (1/02 07/12 07/12
      759 words
    • 253 25 I TP 1 CARRIERS jj* IWIIHT Hlfl BM m p/n mi to/inn Itmim IB 1 j WilllTMll SIMAPORI Bs lfltffll l lfll MB »l4i IM/« H/M HE -at-ii m WMMim 445 jy/M 24/tl 11/ M WNOATOUi WTNAMj iMKOMMixMnru* iStuammntin nm not kwao-iii/ui he puza, skatok *****1 «3iiouiam IB.(4S)MM77M(ItUWS) FAt (45)*****911/4291
      253 words
    • 801 25 I/T~| DH7 I IMCC MAM: TIL 6271-1333 FAX: 6221-5272 /rjj\ LI 111 CO CUSTW«SttVta:TIL 6221-5594 FAX: 6227-UW /CJCJ SMGAfORI: TONG JOO SWPPM6 m LTD *+*>»■ www.pdzi.M.»« I vbsb I votTrasiii|si»piwi I vgsa wr I raw" rra "BT"BT vcsa W maT"twb~ ~spT~ vtsa vot raw im I I wiwb sm n/u
      801 words
    • 288 25 HH Untr frwfrfrvft rnvHt Mi toh/ViA rfw nm SMOAUSI IN HRAVY UPTS A PROJECT CAROO aausnui atop 7S/« i 1 1' U*l M/ferim IfcaM* MKN*p«laUnM HOMSTOM 7 JI an Jl! I M>R—IRMK 11/ M Mm. Ma NN OAw» pmU m USA, Mmacm, CunAw A SOMA icn an wAt—wt. «BW T
      288 words
    • 426 25 .W';' DQBE|9BQB9&9 253»r2r25/oni^O^4/O^O^O^^B ■Plflfll WAVE 2S4M 31-31/01 06-08/02 14-15/02 ■Mwlml TIGER PUKI 255* 01-02/02 01-10/02 15-14/02 B j l "»<" 256N 06-07/02 12 14/02 20-21/02 I ■■■■■TIGBtSEA 257N 09-10/02 16-11/02 23-24/02 25Wi 14-15/02 20-22/02 28-01/03| HmWftUfl Dfit* CKEK MjUIMMACHiEva 144 29-x/oi 0445/02 14-17/021 ■TWTTexrttss lhotse 414 04-07/02 11-13/02 20-21/021 [■■■MiTiGafowa
      426 words

  • THE BUSINESS TIMES SHIPPING TIMES
    • 6519 26 This ?A. Vwrt VMgi Tatapfcon* ETA HA VaaaM V*y»«* Tataphaa* SM Desfn nmh Nmm Nwfctr Monitor SIN Onfa Nmm Nmm Nhbmt Mwnbtr AMniiii #ABA *MIA9 03/02 ,(V02 £P CARWE MUARA MAS 439 (*****88 to 2003 COtaDTVOlra 04/02 11«2 POZ/TJS MUARA MAS 439 (*****33 03/02
      6,519 words

  • MOTORING
    • Article, Illustration
      661 27  -  Globamatrix may seek listing and wants to tap the overseas potential of its automotive window film. SAMUEL EE reports SAMUEL EE UK global distributor of V-Kool automotive window film, the biggest player in the roughly $14 million Singapore market, may consider a listing to maximise shareholder value and
      ARTHUR LEE  -  661 words
    • 320 27 AMONG automotive window film brands. V-Kool is arguably one of the best known. But it is also one of the most expensive. What accounts for the premium? "The V-Kool technology is still unmatchable. There is no product on the market which is clear and yet
      320 words
    • 332 27  -  By SAMUEL EE THR Volkswagen Phaeton made a dramatic entrance at its launch last night onstage at the Fsplanade Theatre. In Greek mythology, Phaeton is the name of the sun god Helios' son, so the Grecian setting was entirely appropriate for VW's first
      PHOTO BY ARTHUR LEE  -  332 words
  • Page 27 Advertisements
    • 129 27 3*Wgy > v, |g i* >«; *vo r> Strictly for connoisseurs. JL >%'. The Aud i AB. ¥BU zenith of V° ur lif# VbuVe journeyed the arduous road to arrive at the I Now starting from $255 000 pinMc^ ,ucceM ""*>«*•"• that rtmacu your accompttahments and atature. Look no further.
      129 words

  • EXECUTIVE MONEY
    • 943 28  -  YOU AND THE TAXMAN JULIANA NG explains the tax issues involved in the use of tax treaties JULIANA NG ERNST YOUNG TRKATY shopping is often touted as an effective tool to lower international tax costs. But it's not as simple as it
      ERNST & YOUNG  -  943 words
    • Article, Illustration
      428 28  -  By Chua Boon Lee Standard Poor's associate, fund services THERE aren't many subjects in the funds industry that provoke as much investor ire as the technology, media and telecoms (TMT) sector. Although five years have passed since the tech meltdown of 2000, the passage of time has not
      428 words
    • 4787 28 UNIT TRUSTS FUNDS Shenton Thrift 1 1.152/ Shenton Income 1 511/ Am Amro Asset Mat (S'nare) Shenton income(USD) 0 92V W 0 771/ »enton AsuPaafic'- 0 897/ Star Europe Bond 1 262/ 068/ Star Etrope Bal ,03/ Shenton Dynamic Bond/* 1408/ Star AMnTiqer Er» I no?* Shenton Greater China 118V
      4,787 words
    • 664 29  -  By BRUCE PFLAUM THE past few years have been a powerful, and sometimes painful, reminder of the key truth about selecting asset classes to invest in. What worked yesterday may not work tomorrow. This is, of course, a familiar observation. Yet investors often persist in
      664 words
    • 803 29  -  MONEY MATTERS WONG SUI JAU WITH 2004 behind us, this would be a good time to review investment portfolios. It is also a good time to test how well a portfolio would perform if it is rebalanced regularly. Would it have helped to improve returns in a
      803 words
    • 1037 30  -  Managers believe they remain attractive even though some are trading at a premium to their net asset values, reports GENEVIEVE CUA GENEVIEVE CUA SINGAPORE property may have suffered a fairly long bear market in prices, but over the last couple of years, Singaporeans discovered a
      Source: Bloomberg  -  1,037 words
  • Page 28 Advertisements

  • Page 29 Advertisements
    • 247 29 1^ l^i~ fj I |B j^B *^H 1 jjm viAgVv i r %-Ab Mf-t* tf't***' i*\ (I>-T'l»i>l»mt THE BUSINESS TIMES NfIMIKI CONTEST Designed with the soul of an artist and crafted with the hands of a complete the following sentence: sculptor, Namiki pens epitomise the form of expression. They are
      247 words

  • Page 30 Advertisements
    • 221 30 NOKIA Connecting People J/Mg m. •P- Bftfli I lßßiby$■ I BMrnrt fl |^jpr" v fl^KI 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 business applications, versatile network connection and high memory
      221 words
    • 13 30 th"taxman ■Ufl I Treaty shopping's not as simple as it seems pg 28
      13 words