The Business Times, 28 January 2005

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Total Pages: 32
1 32 The Business Times
  • 14 1 THE BUSINESS TIMES SINGAPORN&cffiT at http://business-times.asia 1 .com.sg MICA (P) 023/03/2004 Friday, January 28,2005
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  • 768 1  -  Earnings this year will be underpinned by offshore/marine orderbook of $3.4b, group says By WONG WEI KONG ANOTHKR year, and another good set of results from marine conglomerate Keppel Corp. Little wonder then that KepCorp shares are at their highest level
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  • 578 1  -  JPMorgan is the latest name to be associated with it By NEIL BEHRMANN in London ALMOST a year after his death, rumours continue to swirl over who might buy Khoo Teck Puat's stake in Standard Chartered Bank, with JPMorgan the latest name to
    578 words
  • 154 1 STI 2.073.12 (-13.81) ST INDEX FUTURES 2,084.00 (+5.00) SIMSCI 248.67 (-1.54) SIMSCI FUTURES 248.70 (-1.10) MARKETS Thursday Change KISECOMP 919 95 3.42 NIKKEI 225 11,341.31 35.26 HANG SENG 13,628 91 +5.23 SEI INDEX 701.25 1 41 JAKARTA COMP 1,044 99 +7.48 MANIIACOMP 1,991.39 +21.11 SEOUL COMP 924 8
    154 words
  • Page 1 Advertisements
    • 13 1 jk CORPORATE FRAUD t. jpy Wluit companies can do 8! !J! J JJJi
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    • 17 1 THE INN THING How successful have makeovers in the hotel industry been? pg29 ftfMrtittita*■ r"ihif*ir miifciMn^rri, Mnni>«mini
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    • 88 1 YUAN PEG it Jfc China could switch A jgTM kto a currency basket AHEAD OF TIME What watch-lovers can look forward to this year pg32 K|V Can Singapore companies cut it in the US market? And are there opportunities left for newcomers to tap? BT examines these issues as the
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  • TOP STORIES
    • 752 2  -  Risk consultant says JV with Chinese partners not best way to enter China market By JOYCE KOH [SINGAPORE] As a CEO. imagine walking into your office one day and discovering that all the key staff in your Chinese subsidiary firm have upped
      ARTHUR LEE  -  752 words
    • 537 2 China seen switching to a currency basket PROSPECTS of an imminent revaluation of the Chinese yuan are ebbing as the debate now focuses on whether Beijing would first seek to swap its dollar peg for a currency basket. As China's faith in the dollar wavers, analysts say Beijing
      537 words
    • 814 4 WORLD ECONOMIC FORUM Economist says real issue is limiting yuan's exposure to unstable US$ AP, NYT, AFP, Reuters [DAVOS, Switzerland] Prospects of an imminent revaluation of the Chinese yuan currency are ebbing as the debate now focuses on whether Beijing would first seek to
      AP,; NYT,; AFP,; Reuters; Source: Bloomberg  -  814 words
    • 509 4  -  By RONNIE LIM [SINGAPORE] Singapore will kick off its study on liquefied natural gas (LNG) next month. After six months of poring over bids, the Energy Market Authority (EMA) has chosen Tokyo Gas Engineering (TGE) a unit of a Japanese company that
      509 words
  • Page 2 Advertisements
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    • 380 2 Credit Derivatives Credit where credit's due Dates Appropriately defined as the oldest risk prevalent in any financial (and 23-24 February 2005 non-financial) transaction, credit risk is increasingly being viewed as an 9.00 am to 5.00pm asset c l ass The introduction of credit derivatives helps institutions Venue k°th nanc i
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  • Page 3 Advertisements
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  • Page 4 Advertisements
    • 447 4 > Dates: 21-23 February 2005 X JVLI > Location: Swissotel the Stamford Singapore Features: PMI Leadership Meeting, Keynote, Areas of Focus, v_>*v>< iti voj Networking Receptions, Exhibits, Seminars ASIA PACIFIC 2005 > Exclusive: Tsunami Reconstruction Panel Discussion > visit: www.pmi.org 21 February 2005 21 -23 February 2005 i David Lim
      447 words
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    • 108 4 HHI Call toll-free 1800 289 8822 iotkq»«piLCMU| IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF SIN WAH HUNG PTE LTD (Reg No. *****0892R) (In Members' Voluntary Liquidation) NOTICE IS HEREBY GIVEN that pursuant to Section 308(1) of the Companies Act, Cap. 50 that the
      108 words

  • Page 5 Advertisements
    • 123 5 Dear Mr. Leslie Chang, In answer to your query, yes, our sophisticated air suspension will prevent the champagne in your Phaeton's fridge from popping. While our craftsmen were in the process of designing the Phaeton's luxurious interior, they came upon an ingenious idea. Why not include a 17.5 litre mini
      123 words

  • COMPANY NEWS
    • 518 6  -  It's ranked 4th in performance of large-cap banks in Asia Reports by ANGELA TAN OCBC Bank, Singapore's smallest bank by market value, has pipped rivals DBS Bank and United Overseas Bank (UOB) to emerge among the best performing bank in Asia, excluding Japan,
      518 words
    • 444 6 Its market value rose 19% to US$7.5 trillion last year DEMONSTRATING its resilience amid the economic uncertainty, the financial services industry's global market value grew 19 per cent to US$7.5 trillion in 2004, consultants Mercer Oliver Wyman (MOW) said in a report And the market value
      444 words
    • 683 6  -  HOCK LOCK SIEW By JOYCE KOH BANISH whatever images you may have of long rows of seamstresses bending over reams of cloth. Today's apparel industry is becoming more automated, more global, and local companies who want to spin their fortunes in a vastly larger
      683 words
    • 655 9  -  FINANCIAL RESULTS Distribution per unit of 4.07¢ for Aug to Dec is higher than forecast By KALPANA RASHIWALA CAPITAMALL Trust (CMT), which owns five malls in Singapore, will be seeking views of its investors on whether it should expand overseas, most immediately in China.
      655 words
    • 559 9  -  By KENNETH LIM SHARES of Stats ChipPac fell 3.2 per cent, or three cents, to 90 cents yesterday after the company unveiled a US$469 million fourth-quarter net loss the result of merger-linked charges and said it ex- pects the current first quarter to be loss--1
      559 words
    • 382 9  -  By ANDREA TAN AFTER several months of being asked the same question When will Fortune Reit buy a new mall? its chairman Justin Chiu said yesterday: "The next time we meet, you won't be asking me this anymore." Fortune, owned by
      382 words
    • 228 11 ANOTHER China play, Asia Water Technology Limited, has joined the influx of wa-ter-treatment companies that have flooded the public share offer market in the last two years. The company yesterday lodged its preliminary prospectus with the Monetary Authority of Singapore in preparation for a
      228 words
    • 601 11  -  Analysts hike full-year earnings estimates on strong Q3 performance By VEN SREENIVASAN SINGAPORE Airlines (SIA) shares soared to its highest level in five weeks as analysts upgraded the company's full-year earnings by up to 25 per cent following its surprisingly strong third-quarter results. The
      601 words
    • 231 11  -  By JOYCE KOH ADDVALUE Technologies yesterday said it had entered into a conditional call and put option to buy the remaining 49 per cent of Double Rich Resources which will be renamed Blue World Investment Co Ltd for US$lO.B million. To fund the
      231 words
    • 250 11  -  By CAROLYN QUEK DESPITE a bleak outlook for the semiconductor industry in the fourth quarter of last year, Nucleus Electronics achieved a net profit of $5 million for the year ended Dec 31, up 72 per cent from the previous year's $2.9 million. The Sesdaq-listed
      250 words
    • 269 11 FIRST State Investments will launch a global real estate securities fund, to be exclusively marketed by OCBC in the initial offer period. The underlying investments of the First State Global Property Investments fund will be mainly real estate investment trusts with exposure to
      269 words
    • 4679 11 UNIT TRUSTS FUNDS ShentonThrift!" i 149/ Shenton Income 1 51S/ ABN Amro Asset Mgt (Vpor.) *"*9.; J *8/ Star Europe Eqty!" 0 77V *g a Paofic -.-;r J** Star Europe Bond 1 258/ "68V Star Europe Bal 110V Stanton Dynamic Bond/* .1407/ Star Asian Tiger Eq* 0944/ 1^2! Star Asa
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  • Page 6 Advertisements
    • 116 6 OH, UgHWMUMHii I''* i, I m *T* This announcement appears as a matter of record only January 2005 ©NAl# 1 OCEAN INTERNATIONAL HOLDINGS LIMITED (Incorporated in Singapore on 8 April 2003) (Company Registration Number *****3240W) Invitation in respect of 58,350,000 New Shares of US$O.O4 each as follows: (a) 5,835,000 Offer
      116 words
    • 979 6 77 r j OCEAN INTERNATIONAL HOLDINGS LIMITED (Incorporated in Singapore on 8 April 2003) (Company Registration Number *****3240W) Imitation in respect of 58,350,000 New Shares of US$O.O4 each as follows: (a) 5,035,000 Offer Shares at 550.21 each hy way of public offer; and (h) 52,515,000 Placement Shares at 510.21 each
      979 words

  • Page 7 Advertisements
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  • Page 8 Advertisements
    • 282 8 big difference .'rr'iaMnw 5 881, l >t{*'frjßMM v./ ■iihiiii if S W^rnmm Mitsubishi Electric's Intelligent Power Modules help air conditioners use energy more efficiently. Q Tesources wisely Providing intelligence for products of all Even minute changes in energy efficiency affect the world in Energy All over the world, Mitsubishi Electric
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  • Page 9 Advertisements
    • 243 9 I FRAGRANCE GROUP LIMITED (Incorporated in the Republic of Singapore on 28 July 2000) (Registration Number: *****6656 M) Invitation in respect of 42,000,000 New Shares of $0.20 each comprising: (1) 4,200,000 Offer Shares at $0.30 each by way of public offer; and (2) 37,800,000 Placement Shares at $0.30 each by
      243 words
    • 476 9 I E I ixiitKREIT I NOTICE IS HEREBY GIVEN THAT the Transfer Books and Register of Unitholders of Fortune Real Estate Investment Trust ("Fortune REIT") will be closed on 4 February 2005 at 5.00 p.m. for the purposes of determining unitholders' entitlements to the Fortune REIT's distribution of 16.40 Hong
      476 words

  • SINGAPORE MARKETS
    • 501 10  -  STOCKS Broad-based selling pressure engulfed afternoon market yesterday despite overnight Wall Street rise R SIVANITHY Senior Correspondent Technicals and trading fatigue probably played important roles in trading yesterday, which saw broad-based selling pressure engulf the afternoon market after a reasonably stable morning session. The
      Source: Bloomberg  -  501 words
    • Article, Illustration
      925 10  -  Compiled by JOYCE KOH Osim International Jan 27 dos«: $1 (+5 cents) Citigroup Smith Barney, Jan 26 FYO4 results: 4Q rocks; sale is still on, shopping time! Osim's FYO4 results were about 6 per cent above our forecast with revenues up 15.6 per cent year-on-year to $332 million,
      Source: Bloomberg  -  925 words
    • 502 10  -  CURRENCIES LARRY WEE Senior Correspondent THE US dollar sagged badly again yesterday, with the Australian dollar emerging as top dog on higher interest rate fears. Meanwhile, UK research house Forecast fingered a big Asian buyer of the Australian dollar in overnight trading, and
      Source: Reuters  -  502 words
    • TRADES TO WATCH
      • 109 10 FIRSTLINK Investment Corp's major shareholder Topbound Pte Ltd sold 5.6 million shares on the open market in a series of transactions on Wednesday and now controls just a 24.27 per cent stake from 25.91 per cent previously. No pricing information was given. Through Topbound, Malaysian
        109 words
      • 61 10 INVESTMENT company Aegis Portfolio Managers bought 3 million shares of Broadway Industrial Group on the open market on Wednesday, raising its stake to 7.1 per cent from 5.07 per cent. No pricing details were disclosed. Shares of Broadway, a foam-moulded products manufacturer, slid two
        61 words
      • 126 10 PRUDENTIAL Asset Management (Singapore) is no longer deemed to be a substantial shareholder of plastic injection moulding company Meiban Group after selling 3.5 million shares on the open market through a Citibank nominee account over the past month. The fund manager first sold
        126 words
      • 81 10 NEW Lakeside Holdings joint managing director Go Twan Heng bought 317,000 shares on the open market yesterday, raising his direct stake to 0.83 per cent. The shares were bought at an average of 10.5 cents apiece. Mr Go is also deemed to be
        81 words
      • 130 10  -  Compiled by KENNETH LIM A DIRECTOR of a subsidiary of HTL International Holdings has sold a total of 210,000 shares at increasing prices over the past month, paring his stake to 0.815 per cent from 0.885 per cent previously. Tan Peng Chye sold 30,000 shares
        130 words
    • Article, Illustration
      422 10 OTHER SINGAPORE INDICES Jan 27 VALUE CLOSE BT OB/OS -147.00 -128.00 BTCADI -*****.00 -187.00 BT 10-day MA -*****.00 -15.00 All-SG Equities 542.07 -3.43 SG Equities Elect 156.25 -2.67 SG Equities Fin 1615.33 -18.28 SG Equities Prop 527.44 -5.60 SIMSCI 248.67 -1.54 SiMSCI Futures 248.70 -1.10 MOST ACTIVE STOCKS VOLUME AsiaTiqer
      422 words


  • SINGAPORE NEWS
    • 164 12 PANALPINA World Transport (S) Pte Ltd has been awarded international headquarters (IHQ) status by the Economic Development Board (EDB) for its focused commitment to Singapore in terms of regional HQ activities, business investments and employee development. "We are honoured to be recognised by
      164 words
    • 558 12  -  Industry's output in 2004 up 15.9% at $73.6b By RAJU CHELLAM SINGAPORE may be able to attract just under $5 billion in fresh manufacturing fixed asset investments (FAI) this year in the electronics and precision engineering (EPE) cluster, despite some market uncertainty ahead.
      558 words
    • 428 12  -  By CHUANG PECK MING INDIA'S rise has complicated Asia's geopolitics but it does not spell conflict among the big powers that shape the region, according to Senior Minister Goh Chok Tong. "India's rise compels us to look at our environment in new
      428 words
    • 481 12  -  By ALEXANDRA HO AFTER six months of prospecting, real estate group ERA Asia Pacific has broken into the China market. With 28 offices in Shanghai, all franchisees, and 250 agents, ERA is well on track to hit, and even exceed its target
      FILE PHOTO  -  481 words
    • 297 12 SINGAPORE is now the 56th most expensive office location in the world, up from 60th position six months earlier, according to the latest CB Richard Ellis Global 50 Index. The rise in Singapore's standing in the US dollarbased ranking was
      297 words
    • 232 12 TELUS International Inc, a subsidiary of Telus Communications Inc a Cs7 billion (559.27 billion) telecommunications company in Canada yesterday announced the opening of its global headquarters in Singapore. This is the first time that Telus, the second-largest telecommunications company in Canada, is
      232 words
  • Page 12 Advertisements
    • 343 12 I THE MONETARY AUTHORITY OF SINGAPORE Tenor Approximately 2 years Total Amount Allotted SGD 2,600,000,000 Amount Allotted to Non-Competitive Applications SGD 468,587,000 Of which allotted to MAS SGD 300,000,000 Total Amount Applied SGD 4,853,577,000 Coupon Rate 1.750% p.a. Cut-off Yield Price 1.80% p.a. and on Allotment 99.902% i Average Yield
      343 words

  • Page 13 Advertisements
    • 214 13 yl 5% upon booking 5% in weeks payment upon top jWBjP f ch n_| I ro» d tT 9|H S ■x 1 f^^Pi *****- COASTAEOTA I ■Hi u*l jtto" 8 lililHHl t B 1" firln'i parade r O 3 ,^|j| '"a A. s A MMT #^il C JT s vtctoru)c
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  • ECONOMY WATCH
    • 482 14 Global elite prefers to focus on poverty and equitable globalisation AFP, AP, NYT [DAVOS, Switzerland] After years of expounding the benefits of the global economy and trade, the World Economic Forum stood at a crossroads on Wednesday after its business-dominat-ed members cast aside those two
      AFP,; AP,; NYT; REUTERS  -  482 words
    • 474 14 This will impact healthcare and pensions funding Reuters [WASHINGTON] Rapid population ageing in the richest countries will sap the financial wealth of their households, with a potentially huge impact on their economies and the funding of pensions and healthcare, a private study showed. As
      Reuters  -  474 words
    • 220 14 AP [WASHINGTON] Orders to U§ factories for durable goods, helped by strong demand for communications equipment, rose a solid 0.6 per cent in December, capping off a year in which demand for big-ticket manufactured goods rose at the fastest ctip in a
      AP  -  220 words
    • 2059 14 vot rain 036 0.02 it ImV w- cm* FTEC ftesouroei JM1 4£2 2909 AOMMty tJJ -OJ4 42 °S» Attic OSS -Offl B G««uitt 550 -OIS 364 ACPInduMte 1.1S OOI W GmralCorp 052 OOI 170 JU> »l- Gandng 1900 undi 310 Arttante 9 George Kaot 052 OOI
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  • Page 14 Advertisements
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      96 words

  • INDONESIA
    • 734 15  -  Upgrade will bolster investor confidence, boost Mr Yudhoyono's leadership By SHOEB KAGDA in Jakarta INDONESIAN President Susilo Bambang Yudhoyono received the best possible news yesterday on completing, his first 100 days in office Fitch Ratings raised the country's credit ratings due to declining debt and
      734 words
  • Page 15 Advertisements
    • 1076 15 CSZH] Corporation I Keppel Corporation Limited H Co Reg No: *****0351N |H (Incorporated in the Republic of Singapore) |U 2004 FULL YEAR FINANCIAL STATEMENT AND DIVIDEND ANNOUNCEMENT I 1. UNAUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 2004 5. BALANCE SHEETS AS AT 31 DECEMBER 2004 |S The Directors of
      1,076 words

  • GREATER CHINA/INDIA
    • 529 16 Breakup will reduce competition before issue of 3G licences Bloomberg [BEIJING] China's state assets regulator said it will make an announcement on the telecommunications industry today, amid speculation that the agency is considering breaking up China United Telecommunications Corp, the nation's sec-ond-biggest mobile-phone company.
      Bloomberg; REUTERS  -  529 words
    • NOTE BOOK
      • 100 16 AFP [HONG KONG] Hong Kong has risen 12 places up a table of the most costly cities to lease office space, wife rents the fifth most expensive in the world, a new survey revealed on Wednesday. Office rentals more than
        AFP  -  100 words
      • 100 16 Bloomberg [HONG KONG] LVMH Moet Hennessy Louis Vuitton SA, L'Oreal SA and other French companies lose a combined US$lO billion a year to copyright, patent and trademark theft, a French official said, pointing to Chinese counterfeiters as major culprits. France, where almost one
        Bloomberg  -  100 words
      • 71 16 Reuters [HONG KONG] Chinese state oil trader Sinochem Corp is expected to sell fertiliser assets to Sinochem Hong Kong Holdings Ltd for about HK$5 billion (Ssl billion) in a reverse takeover, a source close to the deal said on Wednesday. Sinochem Corp, China's fifth-largest
        Reuters  -  71 words
      • 84 16 Reuters [BEIJING] China plans to allow insurers to set up between six and eight asset-management companies (AMCs) by the end 0f2005, the China Securities Journal quoted the vice head of the China Insurance Regulatory Commission (CIRC) as saying yesterday. "CIRC has kicked off
        Reuters  -  84 words
      • 95 16 Bloomberg [NEW DELHI] India will place money raised from sale of state assets in a special fund that will be rim by professional money managers, the cabinet decided yesterday. The government will use income from the proposed National Investment Fund for
        Bloomberg  -  95 words
    • 491 16 The firm's mobile base jumped 79% to 9.83m users Reuters [NEW DELHI] Bharti TeleVentures Ltd, India's top listed mobile services firm and 28 per cent-owned by Sing Tel posted a 131 per cent rise in third quarter profit as it gained more users
      Reuters; Source: Bloomberg  -  491 words
    • 341 16 [LONDON] Non-Resident Indian steel tycoon Lakshmi Mittal has been named Fortune magazine's "Europe Businessman of the Year" in recognition of his ability to combine managerial savvy with superb acquisitive instincts. With his recent takeover of International Steel Group a US
      BLOOMBERG  -  341 words
    • 363 16 Reuters (TAIPEI] Taiwan Semiconductor Manufacturing Co (TSMC), the world's largest contract manufacturer of microchips, posted its first quarter-on-quarter drop in profits in almost two years yesterday after customers cut orders because of an inventory glut. But with clients like Texas Instruments Inc
      Reuters  -  363 words
    • 688 16 Bloomberg [MUMBAI] In April, lan Stuart Crombie, 64, couldn't finish his round of golf at the Bonny Island course in Rivers State, Nigeria, because of pain in his right hip. Doctors gave him two choices: live on painkillers or undergo surgery.
      Bloomberg  -  688 words

  • ASIA-PACIFIC/WORLD
    • 538 17 The talks come as AT&T loses market share in vicious price wars NYT, Reuters [NEW YORK] SBC Communications, the second-larg-est regional phone company in the nation, is in talks to buy AT&T for more than US$l6 billion, according to executives close
      NYT,; Reuters  -  538 words
    • 229 17 [LONDON] The world's biggest online poker site is edging towards a market listing, in what could be a further sign of a resurgence in investor interest in Internet businesses, says a Financial Times report. Party Gaming, the online poker and casino operator, on Wednesday appointed
      229 words
    • 784 17 UK exchange eyes higher offer than 530p per share Reuters [LONDON] Deutsche Boerse yesterday bowed to shareholder pressure, publishing details of its proposed takeover of the London Stock Exchange. Still, the LSE repeated its view that the offer was too low. The Frankfurt exchange said
      Reuters; Photos: AFP  -  784 words
    • 497 17 Reuters [NEW YORK] The Plaza Hotel, the New York landmark where children's book heroine Eloise romped and Neil Simon's movie Plaza Suite unfolded, will close at the end of April and reopen next year as a condomini-um-hotel-retail complex, its owner said on Wednesday.
      Reuters  -  497 words
    • WORLD WATCH
      • 68 17 Bloomberg [DAVOS] New York Stock Exchange chief executive John Thain said selling shares to the public in the exchange is "something we'll consider". He said the NYSE has no plans at the moment to go public. Mr Thain has said the exchange needs a
        Bloomberg  -  68 words
      • 70 17 Bloomberg [HELSINKI] Nokia, the world's largest mobile- phone maker, said fourth-quarter profit fell 13 per cent because it cut prices to regain market share. Net income declined to 1.02 billion euros (552.2 billion), or 23 cents a share, from 1.17 billion euros, or 25 cents,
        Bloomberg  -  70 words
      • 113 17 NYT [NEW YORK] In a novel attempt to extend health coverage to uninsured workers, 60 large employers are joining together to sponsor an array of very low-cost health insurance options. The programme, to begin in the fall, will be offered for at least two years
        NYT  -  113 words
      • 85 17 Bloomberg [NEW YORK] GlaxoSmithKline pic said a tax dispute with the US may cost the company US$7.B billion after it received a second claim from the government concerning a decade-long tax dispute. The Internal Revenue Service is demanding US$l.9 billion in taxes on profits the
        Bloomberg  -  85 words
      • 64 17 Reuters [WASHINGTON] Satellite operator PanAmSat Holding Corp said on Wednesday that it intends to lists its common stock in a proposed US$l.l2 billion initial public offering on the New York Stock Exchange. The No 3 US satellite operator did not specify how many shares it
        Reuters  -  64 words
    • 438 17 Reuters [TOKYO] Sliding prices for consumer electronics hit Sony Corp's third quarter profit, but the company sought to reassure investors on Thursday that it would press on with restructuring to revive its fortunes. Sony, which vies with Matsushita Electric Industrial Co to be
      Reuters  -  438 words
  • Page 17 Advertisements
    • 203 17 ■HI Call toll-free 1800 289 M 22 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF LENG GARDEN PTE LTD (In Member*' Voluntary Liquidation) Co. Reg. No. *****3769 M NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies
      203 words

  • AVIATION
    • 698 18 LOW-COST AIRLINE CONFERENCE [SINGAPORE] Chin* apprecontributton that low-coat airlines can make to its economy and travel sector. But decisions on granting permits for scheduled services will also have to take into account the potential impact of each new player On the
      AP  -  698 words
    • 319 18  -  By VEN SREENIVASAN (SINGAPORE] The European low-cost carrier model may not be as successful in Asia where there are significant regulatory restrictions and travellers expect some basic level of service. Instead, Asian low-cost carriers should develop a "hybrid model" where they
      319 words
    • 274 18 Bloomberg [SINGAPORE] Jetstar Asia, the international budget S carrier of Qantas Airwayfi said it plans to fly to and Surabaya in Indonesia next month as it expands&s network to meet the risirflj travel demand in Asia. Con Korfiatis, Jetstar w Asia's
      Bloomberg  -  274 words
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  • Page 18 Advertisements
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      1,360 words

  • SHIPPING
    • 406 19 [HONG KONG/SHANGHAI] Shanghai International Port, the world's third-busi-est hub, is preparing a Hong Kong listing this year that could raise about US$BOO million to fund its ambitious expansion plans and capitalise on China's key position on global trade routes, according to a
      BLOOMBERG  -  406 words
    • 305 19 SGX '000 Jan 27 SS Vol CH Offshore 0.38 -0.01 1233 Chuan Hup 0.68 -0.01 1704 Cosco Corporation 1.25 -0.04 3550 CWT Distribution 0.71 0.01 155 Ezra Hldgs 1.04 -0.02 235 Freight Unks 0.09 unch 2446 Grand Banks Yacht 1.02 unch 53 Jaya Holdings 1.06 unch 1676 Kf
      305 words
    • PORT SHOTS
      • 120 19 Bloomberg [HONG KONG] Orient Overseas International Ltd, a shipping company controlled by the family of Hong Kong chief executive Tung Chee-hwa, said its container unit's sales rose 28 per cent in the fourth quarter last year as it handled more cargo. Orient Overseas
        Bloomberg  -  120 words
      • 89 19 Bloomberg GREAT Eastern Shipping Co, India's second-biggest shipping carrier, said third-quarter profit more than doubled after freight rates increased and it moved more crude oil for companies such as Royal Dutch/Shell Group. Net income in the three months ended Dec 31 rose to 2.87
        Bloomberg  -  89 words
    • 40 19 IN the report "NOL cargo volumes jump 17% in sixweek period" on Jan 25, we incorrectly identified 2004 cargo revenue as U552,532 per FKU (40-foot container). The correct value is U552,771 per FEU. We are sorry for the error.
      40 words
    • 731 19  -  Industry executive says it's a good idea but appears unfair and discriminatory By DONALD URQUHART [SINGAPORE] A new requirement for vessels entering Japanese waters to have P&I (protection and indemnity) liability cover has been cited by an industry executive as a
      REUTERS  -  731 words
    • 829 19  -  ADMIRALTY CASEBOOK By SELVA KUMAR THE owners of Tasman Spirit won an important ruling under the UK Arbitration Act last month to compel a third party to provide documents on the safety of the port of Karachi where their tanker grounded in 2003 causing
      829 words
  • Page 19 Advertisements
    • 258 19 NOTE TO THE TRAPF The National Shippers' Council of Burkina Faso (CBC, Conseil Burkinab6 des Chargeurs), Ouagadougou, Republic of Burkina Faso; The Gabonese Shippers Council (CGC, Conseils Gabonais des Chargeurs), Libreville, Republic of Gabon; The Niger National Shippers council (CNUT, Conseil Nig6rien des Utilisateurs des Transports Publics), Niamey, Republic of
      258 words

  • EDITORIAL & OPINION
    • 516 20 EDITORIAL THE proposal to make issue managers of public share offers liable for disclosures in prospectuses is welcome: it represents the next logical step in the path towards a full disclosure-based regime. Although brokers and merchant bankers are understandably dismayed at the added responsibility and cost it
      516 words
    • 923 20  -  State-owned banks help with financing and the government helps them clinch contracts By KATRIN BENNHOLD IHT HIGH-PROFILE diplomacy with the European Union, trade accords in Latin America, oil deals in Africa and a string of corporate acquisitions all over the world: China is on
      IHT; Graphic by LUDWIG ILIO/ST  -  923 words
    • 756 20  -  THE BOTTOM LINE ANDY MUKHERJEE Bloomberg WITHOUT announcing any time frames, China has vowed to make the yuan flexible and fully convertible. The order in which the authorities keep the two promises will decide how long the wait will be before predictions of a stronger
      Bloomberg  -  756 words
    • 1407 21  -  Idea of a New Bretton Woods system is flawed, but an effective defusing requires simultaneous actions on many fronts By RAMKISHEN RAJAN THE sustainability of the US current account deficit and its resulting implications for the US dollar is the dominant global macroeconomic concern in
      AFP  -  1,407 words
    • 796 21  -  By THOMAS FRIEDMAN NYT HAVING spent the last 10 days travelling to Britain, France, Germany and Switzerland, I have one small suggestion for President Bush. I suggest that when he comes to Europe to mend fences next month, he give only ona speech. It should
      NYT  -  796 words

  • Page 21 Advertisements
    • 1399 21 call tell-free 1800 289 8822 Eaaail: aetkee#^|ilifti THE COMPANIES ACT. (CAP. M) TOP VENTURE (ELECTTWIICS) PTE LID (Company Reg No. INMII23N) (hi *1. Liquidation) NOTICE IS HEREVT GIVEN that the creditors o( the above-named Company which is being voluntarily wound up are required on or before the 2nd day of
      1,399 words
    • 487 21 IN TNE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF SINO TRISTAR CORPORATION PTE LTD (Co. Rm. No. *****8189G) NOTICE OF RESOLUTIONS FOR MEMBERS' VOLUNTARY WINDING UP (PURSUANT TO SECTION 290) At on Extraordinary General Mooting of the members of SINO TRISTAR CORPORATION PTE LTD duly
      487 words

  • 8762 22 STRAITS TIMES INDEX STOCKS *1 Oof (>ii Stodi name Wt Oom Change Allgreen 50c 0 30 1.100 NOL 2.33 3.340 +0 040 BIL Intl US20c 0 49 1 080 +0.010 OCBC 9.83 13 500 -0.100 CapitaLand 1.45 2.220 -0.040 Parkway H 25c 0.73 1.610 +0.020 Chart SemiCond 26c
    8,762 words

  • 5646 23 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES Mi tool COT In SS la USS dy yr %dy *yr dy %yr JanM Indax Chanqa Chanqa Chang* Changa Changa Changa Wartd Indi PwhnimtY 8383 03 7.7 02 5.4 07 9.7 EAFt rntmrnan 775.0 07 105 0.6 10.6 U 15.1 Europe tefennaiy *****
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  • Page 24 Advertisements
    • 1648 24 I TO USA/CANADA I I EXPORT I I OTHER DESTINATIONS I [VESSEL |VOY RKG |ETA SIN LONG KACHjPAUAS HOUSTON IWtMPHIS |CH>CAGO| WtW YORK TO AUSTRALIA (AUSTRALIA ASIA EXPRESS) OOQ ROTTERDAM 09HM OMIT 26/01 11/02 17/02 U/02 14/02 16/02 19/02 TOjji VOY ETA SIN I PKG —HI INE —SYD~I —MEL AM
      1,648 words
    • 72 24 UK CONTINENT SERVICE Loading for LOK PRATAP RTM/ATW/BMN/UK/NAN SPYROS B RTM/ATW/BMN/UK/NAN Loads Singapore, EVW. 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 EVW. Malaysia, Indonesia F.E./S.E.A. SERVICES S pore Loading
      72 words
    • 935 24 IHTWASIA KOtO SHtVKI ypsa/voT urnmi hbchiwh pkg km m sw jkt STtAITS VENTURE 02/05 IS 3.? 20/01 23/01 27/01 30/01 01/02 STtAITS VENTURE 03/05 15 3.2 03/02 05/02 10/02 13/02 15/02 SHAHS VENTURE 04/05 15 3.2 17/02 M/ 02 24/02 27/02 01/03 I WIST ASIA/IENOAL RORO SVS VKSa/VOY HAMUKT) HHCHT(M)
      935 words

  • Page 25 Advertisements
    • 1043 25 Cf orange of shipping modes to aniura timely, rotable services covering major ports m jiV,,3L a r Iran If,:, A iwi n» MItWITGO/ CUropC; Ayuilf 'W»f AITiCCI ®l V/C6CMiIO» IJa fMI■»«• WSO Vuipi ■IIrMN vWJW TO, tUSAN KWMGYANG/ SHMIGNM YANTUN/XHUNBI QMGMO/ HUMAN JAKARTA SURAIAYA KAOHSIBN6 lAM6KOK lABI CHAIAIIO iwCWHWw 6UDAWO
      1,043 words
    • 1187 25 vessel voy sin jw HiGpHHTiK kyh pus vessel voy sin jkt sui hkg dsn pus HY MIDGE 089S 2/2 3/2 5/2 10/2 12/? 14/7 16/2 KMTC SPOKE SOTS 30/1 W 3/2 »/2 12/1 13/1 HY VLADIVOSTOK IS4S 10/2 12/2 17/2 IV2 21/2 23/2 23/2 KMK SHANGHAI SO2S 6/2 9/2 10/2
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    • 200 25 Gemartrans (S) Pte Ltd GEMARTRANS OPPWOB COOC •or CM NO: IM7MOOOOII ""V ran BOOKINGS: TBj FAX. SMQAPORE *****662/ *****692 *****661/ *****110 KUALA LIIMPUR (03) *****608 (03) *****102 3 SAILINGS WEEK TO HCM VESSEI VOT SIN I HCM CAM CHARIiS 0401 31/01 03/02 UUUM 192N 31/01 03/02 ANEMI 21N 01/02 04/02
      200 words
    • 930 25 m WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICD POINTS VESSEL VOY SIN P.ICLANG C(XO«tO N.SHEVA COLOMRO PACIfIC QUEST 00C3W 24 iAH 26 JAN HM BLEB Miti KOIA PEIWIHA YPWOS7 31 MM 02 FEI 05 FEI 08 FEI 11 FE» IHDIIU GAWDHI 0090W 07 FE» 09
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  • Page 26 Advertisements
    • 667 26 lAmI wallenius wilhelmsen website: http://www.2wglobol.tom IVESSCL I VOY I RAMP j HEIGHT I SIM lIK MAP HOU# Ml* SAV »AL ORf NYC NEW MOI HXAS Afso3 4201 ms i.4M I 04/02 OMITS 10/03 17/03 18/03 22/03 20/03 24/03 14/03 TAMERLANE AFSO4 3201 ms 6.4 M 16/02 10/03 20/03 27/03 28/03
      667 words
    • 1263 26 *21 iin M YtSSEj yqi m *T mi*m m* vm 30/01 hcmum 2211 w/01 01/02 j«mm !3ia jiizai 31/01 tifUTi 7 tm 03/02 q*/i» m lANDA 1396N 01/02 01/02 -EitJAU 4152 IK/M M/O? mum liiZM Q2ZS2 03/02 PAC UNTAX 9215 0»/02 10/02 JALIAMCA mm 4Li2 Q4/Q2 PACIANDA 1399N 05/02 0602
      1,263 words
    • 56 26 5 WINSTAR SHIPPING PTE LTD Co. Rot N*. 1M*****7N WINSTAR LOGISTIC PTE LTD MAWgiW SIN BATAM MUM UNB Sdbp Waoldy (Mm Sat) Loadbg at Jmtom Port, J2 Door to Door FG./LCL/ Cony—Hond Cargo Hmt cat thsmmj Utmfm or Jbof TUO IAMI CHARTMNO, MOJKT CAftOO rwHm sarvw for■ noonesm mtwojiun KL/LCL
      56 words
    • 635 26 BSA MYANMA BB FIVE STAR LINE (MvaHMar National Line) Loading for Yangon VESSEL VOY SIN PKI PEN PGU PAGAN 341W 02/02 HPA-AN 330W SU> IN MAUYSIA: IOUSTEAD SHIPPING AGENCIES KUI/PKL 03-*****3 M PIN: 04-2633(1 S ACCEPTING CONVENTIONAL CQO HUG SM HKG SIN PGU PU KUC CRYSTAL HEART 17 SLD SID
      635 words

  • Page 27 Advertisements
    • 869 27 IVtr% (1 I S pot. ApH: UL Tth.li, *.m, (S)PHUd (CR NO: 165W*****0Z) 'yA Snlerasia Mutes fSXJISI'rJE.fc. f|| PE, EX £Sgg^gS^!£"° l "°7" lfnlJ ■">"■ VOV I OSK KOI| SMZ TTO I YOK HK6 IPW |S6M ¥BSH "11™!*™ "/J! a/01 29/01 30/01 31/01 02/02 06/07 Aawtiscus T055T oi/o2" —mm' —ToTtij
      869 words
    • 308 27 I Tp CARRIERS iii lil=^#i=3lE« TAWGOW UU !&%g c ?i 7^02 YAMGON STAR 374N 04 /03 FRI 06/03 SUN 10/03 TNU MJMISM warn yffiym ffinT™ YlilffltllTU i/TW w6muT V/jiViS? VIETNAM UWtli HtVKI WEEKLY FIHID DAT SAILING SINSAPOM VIITMII SINOAPOM Igjgwu tS it%i I™ ?I ogi=HihSf±±f ■UMUiti MI_3&ZSCE:_^ZZZMZ ■Sftgyaa aun um
      308 words
    • 870 27 I PD7 I IMPQ TEL- 6271-1333 FAX: 6221-5272 I /if/ LlllLV OPtBATfW rnnt Pn "11-5596 FAX: 6227-1190 I SINGAfOtLTONGiOO SHIPPING PH OP livissß Ivor iraswiia |m ivissa Ivor iraswinu msa vor itasw sm vbsr Ivor I reatlwraw "g*" 17/01 07/07 l ra 3 m own iQ/02 aswn soo; 05/02 07/02
      870 words
    • 315 27 I Linar braokbulk tervitrT^WUSAvrrt^^^ I SPECIALISE IN HEAVY LIFTS A PROJECT CARGO StlGATOtt C>Tsfw*cnor MV INDUSTRIAL CHARGER E«riy Martk th*.* far* USWC USGdf, Hwsta* HOUSTON OwfcrtM ■V INDUSTRIAL MACK 21/02 Sk*, an, lagM, Molt Other* pork in USA, Mexico, Combeon South America on inducement. SINGAPORE mii |v«n Hi«p Wooa Skipping
      315 words
    • 448 27 I Stilted 253nn0/D^Jos/O^S^ ■PSIJT7I TIGER WAVE 254N 31-01/02 05-07/02 12-13/021 ■fUUUfII TIGER PEARL 255N 01-02/02 08-10/02 15 16/02 256N 07 B/02 ,2 M 2 20-21/021 ■■■H TIGER SEA 257N 10-11/02 17-19/02 24 24/02 TIGER WAVE 258N 12-13/02 18-20/02 25-26/02 ■fIHoHBESiSF 098 30-30/01 05-07/02 15-16/02 wmmmESSP M 30-31/0110-12/02 20-21/02 310_ 04-05/02
      448 words

  • THE BUSINESS TIMES SHIPPING TIMES
    • 7536 28 This 1 voyag* nwpwom ha ti* Advertiser Vesu voyagt Tetoohorw SM OmTr Mm Nam Number BSSr SIN Dnt'n Name torn* TTr" mm r To ABIDJAN (ABJ) 2003 Cote D'lvolre hocmTm.NH T.™ 04/02 22/03 CMACGM CMACGMKOMOOO SX105W *****800 ?L Vietnam 05/02 01/03 Delmas URSULA DELMAS
      7,536 words

  • executive lifestyle
    • Article, Illustration
      1219 29  -  To stay current, some of the older hotels in S'pore have gone for major facelifts. CORINNE KERK checks out the results of the makeovers CORINNE KERK STANDING in the refurbished lobby of The Oriental Singapore, you're at first taken aback, then mentally searching for clues as to
      1,219 words
    • 529 29  -  By PARVATHI NAYAR COLOURFUL, energetic, strong that's our arty prediction for the upcoming Year of the Rooster. Arty, because it is based solely on our interpretation of a collection of rooster paintings by Indonesian artists Popo Iskandar, S P Hidayat and Kr^ono. What's
      529 words
  • Page 29 Advertisements

  • ARTS
    • 787 30  -  k.d. lang's talent has taken her down several musical routes. KANNAN CHANDRAN reports KANNAN CHANDRAN NOT one to shirk controversy, k.d. lang has been endowed with the spirit of a fighter. When you've also got talent to match, the end result can be
      787 words
    • 372 30  -  By CHEAH UI-HOON BRAZILIAN music isn't all bossa nova and samba, and who better to showcase the new rhythms rocking the country than the 27-year-old Cibelle Cavalli, who's been cited as the voice of Brazil's electronica scene? For a description of her music, try tropicalia,
      372 words
    • 158 30 Jan 14(Fri)to Feb 22(Tue) Esplanade Presents Visual Arts Bottomline.Chinese by Fang-Chu Clare Lin, Wang Yi Yang, Zhang Da, Jenny Ji, Lu Kun, Maleonn, Hideaki Um, Robert Urn and LW Kin, Dang Minh Ha, Amy Chiu, David Mitchell, Angelynn Tan, Tang Wai Wah, Chia Woon Hung, Valerie Ng
      158 words
  • Page 30 Advertisements
    • 282 30 fe Regarded as of the world's master guitarists who Efl has captivated a global audience. Don't miss the W Singapore debut of this classical guitar virtuoso as she ■F W£ v |B will keep you spellbound with her music. fw *0m m $0t IfJ (90mins with intermission) fl 15 Feb
      282 words

  • ARTS/CINEMA
    • 504 31  -  CHEAH UI-HOON finds out how David Chan acquired them CHEAH UI-HOON IT all started with a tea set he bought for $2,500 in London in 1982. Two decades later, retired accountant David Chan has amassed more than 100 pieces in his Chinese Export
      504 words
    • 473 31  -  By PARVATHI NAYAR THERE'S a real pleasure in visiting a storyteller at the top of his trade, and that's where Pedro Almodovar resides currently with All About My Mother, the Oscar-winning Talk to Her, and the newest, a flamboyant noir outing titled Bad Education. With lurid
      473 words
    • 523 31  -  By PARVATHI NAYAR IF you're the sort who feels profound embarrassment when someone cries over a sunset, shut your ears right now. For admissions are going to be made about audible sniffles accompanying the viewing of Finding Neverland. No, it wasn't Johnny Depp's cheekbones though they
      523 words
  • Page 31 Advertisements
    • 55 31 Where to wine, dine and entertain... A World of Exclusive Privileges Treats I M^MMwwwdfnersxooLsg 1 to 8 February, daily for lunch dinner. I enjoy fine Japanese food this Valentine's Day from Ryan's Washoku with my Diners Cluh Card. WaS*! Enjoy 15% off total ala-carte Ml. M Only iff I pay
      55 words
    • 130 31 if*'';:. 5 J Cafe Plaza J£ PRE-LUNAR New YEARTRADmONAL Lo Hei Yu Sheng Buffet Featuring A Hong Kong Spread t to 7 Feb (except Sat) Reunion Lo Hei Yu Skene Mon Thura Buffet (8 Feb) Lunch: Lunch: Adult $28.80 Child $17 50 Adult $29.80 Child $18 Dinner: Dinner: Adult $29.80
      130 words
    • 120 31 BBS Hu •11 a* n Si Ohi Im lu Kesluiut *?< > r <? s Lo Hei To A Prospercxjs Year Of The Rooster Savour the piquant Si Chuan and Cantonese-Thai flavours at the newly opened SI Chuan Dou Hua Restaurant. Set menus for reunion dinner and festive dining start
      120 words
    • 102 31 Wines for all Occasions Budgets Shop now for your Corporate Dinners, Lunar New Year, Weddings or for personal enjoyment. UQ2 02 Tanglin Shopping Centre Tt'l 6 7 j> /1 3 9H75t'b99 *****170 ~~1 TH E NEPTUNE COLLYER QUAYT DIAN XIN AT THE NEPTUNE P Enjoy excellent lunch and dian xin
      102 words
    • 8 31 pf main c<NSr^^;' i *^/tk v *A>*> lIP
      8 words
  • Page 31 Miscellaneous
    • 205 31 CRYPTIC CROSSWORD ure (7) 31 Resolve to prohibit race on mo- 8 There 's no real alternative to YESTERDAY'S SOLUTION torway (13) Across: 1 Fraction, 9 Islander, 10 DOWN it ImLhf n Amen, 11 Table manners, 13 LionVvT? u 15 ay drawn or sucked U P ised, 15 Oaring, 16
      205 words

  • 1864 32  -  Making Time The first of a two-part round-table discussion on what watch-lovers can look forward to this year and beyond. LARRY WEE reoorts LARRY WEE EVEN as you read this, the world's watch industry players are working full throttle to delight and surprise their fans at the
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