The Business Times, 31 January 2005

Lock icon This issue may only be viewed from the multimedia stations at NLB Libraries. See FAQ for more information.

Total Pages: 28
1 28 The Business Times
  • 15 1 THE BUSINESS TIMES SINGATORFWtJn? online at http://business-times.asia 1 .com.sg MICA (P) 023/03/2004 Monday, January 31,2005
    15 words
  • 732 1  -  Currency shifts and increasing globalisation are cutting it both ways for S'pore industry By SlIOW LI SEN [SINGAPORE] It's bonus time for the financial industry in Singapore and there are winners and losers, as usual. While nobody will say how much bonus they are
    732 words
  • 42 1 TOP STORIES ...PG 2,3 COMPANIES... PG 4.5 MARKETS PG 6,7 DINING OUT PG 10 SINGAPORE PG 11 ECONOMY PG 12 M'SIA/INDON.. PG 14 ASIA-PACIFIC ..PG IS WORLD PG 15 AVIATION PG 16 SHIPPING PG 17 STOCKS PG 18,19 BIZIT PG 25-28
    42 words
  • 745 1  -  Plans could draw in redevelopment of neighbouring sites By KALPANA RASHIWALA [SINGAPORE] Expected plans for redevelopment of a prime Orchard Road site are creating considerable buzz in the industry. Ngee Ann Development (NAD) is said to be considering a redevelopment of 268
    745 words
  • 144 1 MARKETS Week Chge STI 2089.51 +4.12 RISE COMP .917.23 -12 49 NIKKEI 225 *****.58 _+«2.21 HANG SENG .-.***** 06 ...+169.04 SET INDEX ***** +4.81 JAKARTA COMP ...1046.48 +10.73 MANILA COMP .*****1 +26.77 TAIPEI TAIEX .—5879.93 +31 02 SEOUl COMP 921 59 +1.98 SHENZHEN B _232 J6 +3.98 AUST
    144 words
  • Page 1 Advertisements
    • 101 1 CITIRAYA Will market take heat from a fallout? PG2 XwiVN C? MANUFACTURE DE HAUTE HORLOGERIE Sfaui Francis Ford Coppola. Exclusively at: '~~2~-ic? /^^rS I and only self-winding Tourbillon Cortina Watch with one week power reserve. iOMWf Water-resistant to 100 meters. |\»w N*. t/V t Raffles City #01-36 Tel: 6339 9185
      101 words
    • 19 1 DINiNG OUT Vegetarian New Year PjßQjUv options to refresh jt the palate pg 10 **********111 l 8 *****1 *****4
      19 words
    • 24 1 Bi/!T S'pore PC sales top 500,000 last year PG 28 Sun goes open, Microsoft goes protective. What gives? Kenneth James, IT Comment, PG 27
      24 words
    • 13 1 S'PORE COMPANIES The earnings picture so far PG4 •gSMHky2S? ■tob. 4 Kk ■f
      13 words
    • 41 1 YOUNG /INVESTORS FORUM I bb A guide to working in S'pore's 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.
      41 words

  • TOP STORIES
    • 731 2 Biggest concern is lack of competition laws AFP [HONG KONG] Hong Kong prides itself on being the freest of the free economies, but analysts and increasingly vocal critics are beginning to question the claim. Fuelled by growing suspicion that the government favours
      AFP  -  731 words
    • 596 2 Will market take heat from a Citiraya fallout? WHAT is the value of Citiraya, the company that is now being investigated by two crime busting units CAD and CPIB. In China Aviation Oil's case, broking firms' backroom assigned a zero value to its stock. Will they do the
      596 words
    • 596 2  -  HOCK LOCK SIEW By R SIVANITHY WHEN it was revealed last November that China Aviation Oil (CAO) had suffered massive trading losses and might well be technically insolvent, broking firm backrooms immediately assigned a value of zero to its shares for the
      596 words
    • 638 3  -  One of the key reasons is the fall in the unemployment rate By DANIEL BUENAS [SINGAPORE] The number of writs of summons filed against individuals and companies last year fell by almost a quarter over 2003, signalling further declines in
      638 words
    • 721 3  -  WALL STREET INSIGHT By ANDREW MARKS in New York INVESTORS had been hoping that four would be the charm as in the market finally turning positive in the fourth week of the new year. They got it, as stocks finally registered
      721 words
  • Page 2 Advertisements
    • 26 2 9 University of South Australia IS) VI CD C 3 CO "o o u CO CD CO 3 ID "75 _o qj CRICOS Provider Number *****8
      26 words
    • 372 2 The Only Australian MBA, PhD and DBA Programs in Singapore Accredited by EQUIS ••The IGSM MBA provides me with an excellent blend of business skills and competencies to effectively manage the complexities of today's demanding hospitality business. The subjects are W6 ba,anced and relevant. It has VV enabled me to
      372 words

  • Page 3 Advertisements
    • 150 3 HI I ■pmM SHlFT_modern luxury CEFIRO V 4 Ifcawraaaw: Authorise* Dealers: Auto Mega Trading Pta Ltd 300 Tampines Avenue 5, #01-01, NTUC Income Tampines Junction. Tel: 6787 2882 v, x Bukit Timah: 911 Bukit Timah Road T«l: 64*6 7711 Hong Hang Co Pta Ltd 33 Sembawang Road, #01-01/02. Tel: 6452
      150 words

  • COMPANY NEWS
    • 1130 4  -  Dividends paid by 14 out of 19 firms reporting results rise 36% overall By TEH HOOI LING WE are now about one month into the reporting season, and it has been so far so good. As of yesterday, 19 companies have announced their
      1,130 words
    • 595 4  -  By KENNETH LIM ALL but two of the 22 companies that have issued profit warnings in the past six months are still trading at lower prices, as investors remain wary. "I think people tend to err on the side of caution, especially
      595 words
    • 260 4  -  By CAROLYN QUEK METAL stamping company Metal Component Engineering (MCE) has bought 80.3 per cent of the Thai unit of the world's largest contract manufacturer, Flextronics. MCE paid $9.3 million for Flextronics Thailand International which deals mainly with mechanical assembly services for computer peripherals and
      260 words
    • 456 5  -  Jump due to lower financing costs, better performance By DANIEL BUENAS BIL International, which is controlled by Malaysian tycoon Quek Leng Chan's Camerlin Group, has reported a doubling in interim net profit to U5532.5 million for the half-year ended Dec 31, 2004 from
      456 words
    • COMPANY BRIEFS
      • 86 5 SESDAQ-LISTED Top Global, which deals with waterproofing and thermal insulation of roofs, issued a profit warning over the weekend for its performance in the second half of its fiscal year ended Dec 31, 2004. The company warned it "would not be better than the first
        86 words
      • 105 5 builder NeoCorp International, inked a reverse takeover merger deal with Myanmar-based Serge Pun Associates (SPA) last month, reported a net loss of $5.3 million for its fiscal year ended Nov 30, 2004, compared with a $68,000 loss a year ago. Revenues fell 11.39 per
        105 words
    • 546 5  -  Move comes after it sold stockbroking business to CIMB By JOYCE KOH MORE changes are in store in the Singapore stockbroking industry following Malaysian investment bank CIMB's plan to buy the entire stockbroking business of Singapore's GK Goh earlier
      546 words
    • 658 5  -  It eyes public listing in 3-4 years, reports ANDREA TAN ANDREA TAN ANIL Thadani, chairman of Schroder Capital Partners (Asia) Ltd (Sepal) and Parkway Holdings, is hoping Symphony International Holdings will be a billion dollar company in five years. Mr Thadani wants Symphony,
      658 words
  • Page 4 Advertisements
    • 185 4 a Outsourcing Services Call Centre handling calls, enquires, feedback, customer B service, telemarketing, data entry, etc. a Full secretarial, admin, accounting HR services. Facilities boardroom, meeting rooms serviced offices. Recruit from a wider audience Call 1800 289 8822 or email reavH@sph.aun.sg for your recruitment solutions I**!—. j* B iV/IMVi it
      185 words

  • Page 5 Advertisements
    • 33 5 We've made a haul! Share the good news with your investors f Releasing a financial statement? Call 1800 289 8822 or email notices@sph.com.sg to book your advertisement in our newspapers now. a I
      33 words
    • 239 5 M )»#y Abundunce of Fortune Provence Style Bouquet -T i jl eight mandarin I 1 dozen red super roses f p i oranges in a 50cm tall, thick 1 A Dozen Red Super Rose With I j glass vase with auspicious A Gold Heart Provence I "In Wine Red Square
      239 words
    • 467 5 PPNUS National University J n/h 5* of Singapore Department of Real Estate School of Economics, Fudan University AN INTERNATIONAL EXECUTIVE PROGRAM ON "International Real Estate Markets: Investment Opportunities, Growth and Capital Flows" 24-29 February 2009 This executive program brings together industry and academic experts in real estate, finance and banking
      467 words

  • SINGAPORE MARKETS
    • 673 6  -  STOCKS R SIVANITHY Senior Correspondent HERE'S an interesting proposition for book makers to consider what odds should be given to the Straits Times Index rising above 2,100 this week? On the one hand, engineering moves either way in the index isn't difficult. For example,
      FILE PHOTO  -  673 words
    • 586 6 CURRENCIES AFP [HONG KONG] Most Asian units strengthened against the US dollar, reflecting its global weakness and with speculation growing over plans for the Chinese currency. Japanese yen: The yen moved erratically against the dollar in Tokyo as speculation grew that China could soon move
      AFP  -  586 words
    • 61 6 Investor events to watch out for New listing of LinairTech Feb 2 HG Metal, Bonus Issue Feb 2 Data craft Asia, AGM, Feb 1 Asia Dekor, Special Meeting, Feb 2 PanPac Media, EGM, Feb 7 Penton Intnl, EGM, Feb 11 NewWave, EGM, Feb 14 Australand Prop's dividend payment,
      61 words
    • 334 6 Payment Ex looks Pay (SB)—Ml dose data Aberdeen UKlOp 0 UK2 12-J» 17-J»i 23-Feb APS Breweries F 14N 31-Jan 03-Fcb 16-fcb Australand Prop F M.5 29-D« 03-i«i 02-Ftb AvaplasSc w 0.10 12-ion 17-J«i 31-j»i CapitaCommercial tt 399 28-Jan Q2Fet) 28-F«to Capitamatl Trust B 4.07 02-Feb 07-Feb 28-Feb CWbotHclOc
      334 words
    • 1433 6 The stock recommendation is the average of all the recom- Number forecast Median mendations submitted by analysts following the stock. There RECOMMENDATION of EPS PE t£5S is a total of 29 brokers submitting recommendations but not COMPANY This Week/last Week Estimates (S) (times) li) every stock is followed
      1,433 words
    • 1156 7  -  TEH HOOI LING Senior Correspondent THE broad mark* took quite a severe tunblelast weak, no thanks to. thing* the investigrfotis by Corrupt Practices Bureau awl ComutNlal Attain Department into Qtiraya Industries. The second-tier Mocks were sold down to sympathy. Also contributing to
      1,156 words
    • 1343 7  -  INSIDE MARKETS Broadway and Stamford Land give buy signals while FirstLink, Spindex and Westcomb emit sell alerts, reports ROBERT HALILI ROBERT HALILI THERE were several significant trades based on the filings in the stock exchange from Jan 24 to 28. On the buying side,
      1,343 words


  • VIEWS FROM THE TOP
    • 2270 8 THIS WEEK'S TOPIC How can we best use our older workers? The arguments for retaining older workers are many a slowing birth rate and an ageing population, tapping their experience and mentoring skills, and economic necessity. The challenges are also many tempering expectations and accepting
      2,270 words
  • Page 8 Advertisements
    • 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 'dub' is a virtual one, with interaction mainly via emaii. Each week, we will invite comments from these top executives
      70 words


  • DINING OUT
    • Article, Illustration
      1589 10  -  Had enough of rich braises and hearty meats to last all 15 days of the New Year? CHEAH UI-HOON recommends some festive vegetarian options CHEAH UI-HOON IT'S certainly a blessing for those who get feasted out before and during the 15 days of Chinese New Year that tradition
      JIANG NAN CHUN PHOTOS BY ARTHUR LEE. FURAMA PALACE PHOTOS BY WANBAO  -  1,589 words
  • Page 10 Advertisements
    • 79 10 Where to wine, dine and entertain... 7 I Pooiside, level 4, above Tanglin Mai. Reservations recommended. Tel: 6831 4373. A' T 1 1 .1. W 1 1 f. T r Ryan's Washoku (Te1:6542 6881) I celebrate this Valentine s Day with tine Japanese food from Ryan's WasKoku with my Diners
      79 words
    • 63 10 Raffles CountryClutT™"""| Le Trench Restaurant I Seafood Ravioli $10.50 Grilled Chicken $12.50 Lamb Loin $18 iil' Enjoy Garlic Bread, Salad Soup at only $3 with every order of main course Arm M i I Le French Restaurant I 450 Jalan Ahmad Ibrahim I "M 6862 1838/9 I if/ Mon to
      63 words
    • 39 10 Recruit from a wider audience \XX X X f° f J t J i J i° (JIJIJIdM P <* O J ft [t* t I I ii nil in Call 1800 289 8822 or email reavit@sph.com.sg for your recruitment solutions
      39 words
    • 55 10 MERITUS MANDARIN SINGAPORE BUFFET DINI NG AT ITS BEST Fresh oysters, delectable lobsters, savoury honey-glazed ham, US Prime Rib of Beef and many more mouth-watering dishes rT~ to leave you spoilt for choice. 5 Reservations: 6831 6271/72 pa m MERITUS MANDARIN fkat 333 Orchard Road, Singapore *****7. Tel: +65 6737
      55 words

  • SINGAPORE NEWS
    • 383 11  -  The present restaurant aims for $2-3m revenues in 2005 and $3-4m in 2006 By ANDREA TAN GET a fresh taste of Italy. Nubis, the new casual dining Company set up by Italian food giant Gruppo Pam, is eyeing six outlets in Asia within
      383 words
    • 626 11  -  By CHEN HUIFEN COMPETITION Is getting tougher. Your market share is dwindling. Your rivals are slashing prices to undercut one another. What do you do? Apply the "blue ocean strategy", says Insead Professor of Strategy and International Management Kim W Chan. "In
      626 words
    • 187 11 DATE/ TIME EVENT VENUE 31 Jan ISEAS Seminar on New Ho- ISEAS, Seminar Room 2:30pm rizons for Liquefifbd Natural 1,30 Heng Mui Keng Gas East of Suez Terrace, Pasir Panjang 31 Jan -1 Conference on Islamic Raffles the Plaza Hotel Feb Banking and Finance Asia 8:00am 1 Feb
      187 words
  • Page 11 Advertisements
    • 105 11 I API/ 0% T I I DLMUix j u^.3 diamonds mother earth 31 jan 19 Fet> 2005 Seasonal black truffles are without doubt one of the most sought after delicacy in the world. Their distinct flavour comes from living underground in symbiosis with hard wood trees. Our signature specialties include
      105 words

  • ECONOMY WATCH
    • 721 12  -  Economists are divided on the impact of yuan revaluation, reports ANTHONY ROWLEY ANTHONY ROWLEY SOME are calling it "G-l 2 in the making" the new governmental group that's been charged with shaping core economic policies on a global basis will meet in London
      721 words
    • 441 12 WORLD ECONOMIC FORUM Reforms are a basis for exchange rate mechanism: Beijing Reuters, Ah Bloomberg [DAVOS, Switzerland] China's per capita income will triple over the next 15 years but will not adversely affect other countries, a senior Chinese official said. "China will by
      Reuters,; Ah; Bloomberg  -  441 words
    • 277 12 Bloomberg IDAVOS] Bill Gates, whose net worth of U5546.6 billion makes him the world's richest person, is betting against the US dollar. "I'm short the dollar," Mr Gates, chairman of Microsoft Corp, told Charlie Rose in an interview at the World
      Bloomberg; REUTERS  -  277 words
    • 256 12 AFP [DAVOS] US software giant Bill Gates has high praise for China, which he says has created a brand-new form of capitalism that benefits consumers more than anything has in the past. "It is a brand-new form of capitalism, and as a consumer it's the
      AFP  -  256 words
    • 240 12 Bloomberg IDAVOSJ George Soros, the billionaire investor, said Federal Reserve chairman Alan Greenspan has lost credibility for driving the benchmark US interest rate to a four-decade low and advocating tax cuts that Mr Soros said caused the US Budget deficit to balloon. Mr Soros, chairman of
      Bloomberg  -  240 words
  • Page 12 Advertisements
    • 1401 12 ECON ECON INTERNATIONAL LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. *****0983H) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an EXTRAORDINARY GENERAL MEETING of the Company will be held at 2 Ang Mo Kio Street 64, Ang Mo Kio Industrial Park 3, Singapore *****4 on
      1,401 words
    • 424 12 Call toll-free 1800 289 8822 1 Medium Voltage cables (6.6KV/22KV) 2. Pilot Cables (5/10/15/20/30/50 Pairs) 3. Building Wires (PVC) Olympic Brand 4. Fire Alarm Cables (SWA Amoured) 1 pair 1.5/2.5 5. MRT Cables RGS9/Signal/R5422 All cables will be sold on an "as-is-where-is" basis. Interested parties, please call 6324 5359 for
      424 words
    • 132 12 Yong Da Properties Re Ltd NOTICE IS HEREBY GIVEN PURSUANT TO SECTION 308 OF THE COMPANIES ACT CAP. 50 THAT A FINAL GENERAL MEETING OF THE COMPANY WILL BE HELD ON THE IST DAY OF MARCH 2005 AT 10.00 AM AT 5 JALAN BESAR #05-01, SINGAPORE *****5 FOR THE FOLLOWING
      132 words

  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • 984 13  -  Over the last few weeks, we've explored how to write a compelling resume and perform well during an interview. This week, we look at the banking scene in and what jobs are available to fresh graduates By DANIEL BUENAS AS A banking and financial hub, there are
      984 words
    • 879 13  -  CAMPUS LIFE Two friends tell DALEENA LEE how Singapore's first over-the-counter mobile content provider came to be DALEENA LEE IT IS strange how the greatest ideas are sometimes born in the most unlikely places. MobileXpress, Singapore's first-ever over-the-counter mobile download station, is one of those special ideas
      879 words
  • Page 13 Advertisements
    • 250 13 Be smart with your finances FANCY becoming the next Warren BufTett 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
      250 words

  • REGION
    • 689 14  -  MALAYSIA INSIGHT Plan to turn country into education hub in jeopardy as intake this year falls short of target by more than half PAUUNE NG KL Correspondent ALARM bells are ringing in Malaysia's education ministry. A long-term plan to turn the country into
      689 words
    • 446 14  -  Benchmark index surges to a five-year high By AL LABITA in Manila FRENZIED buying by both foreign and local equity funds powered Philippine stocks to dizzying heights last year, surprisingly emerging as East Asia's second best performing bourse. Defying political, fiscal
      446 words
    • 229 14 Reuters [NEW DELHI] India on Friday took one more step to reform its financial sector and sustain interest in Asia's fourth-largest economy by allowing non-gov-ernment pension funds to invest up to 5 per cent of their portfolios in equities. A government statement
      Reuters  -  229 words
    • 405 14 Reuters [DAVOS] The Bank of China (BOC) should slow its sweeping restructuring plan even if it means delaying plans for a stock market listing, said Zhu Min, a senior official at China's sec-ond-largest state-owned bank. Mr Zhu, executive assistant president at the bank, said profits
      Reuters  -  405 words
    • 1393 14 The stock recommendation is the average of ali the recom- Number FORECAST Median mendations submitted by analysts following the stock. There RECOMMENDATION of EPS PE Target is a total of 29 brokers submitting recommendations but not COMPANY This Week/last Week Estimates (S) (times) (S) every stock is
      1,393 words

  • WORLD
    • 838 15 MARRIAGE SEASON In Jan alone, there's already over US$100b in announced deals AFP. Bloomberg, Reuters [NEW YORK] The merger and acquisition frenzy that started late last year in US financial circles revved up on Friday with the purchase of Gillette by Procter and Gamble,
      AFP.; Bloomberg,; Reuters  -  838 words
    • 431 15 It will be second only to P&G's retirement trust NYT [NEW YORK] Warren E Buffett and his fellow shareholders in Berkshire Hathaway have been amply rewarded for their nearly 16-year commitment to Gillette. Berkshire is Gillette's largest shareholder, owning 96 million shares, or
      NYT; AFP FILE PHOTO  -  431 words
    • 379 15 AP [DUBAI] In a city already synonymous with flashy developments, a multi-billion-dollar project announced on Saturday may set a new precedent for construction projects across the globe. The project, dubbed the Dubai Waterfront, is a conglomeration of canais and islands studded with luxury hotels
      AP  -  379 words
    • 213 15 LAT-WP [NEW YORK] The United States' two largest cable TV providers have finalised a joint bid for Adelphia Communications Corp, the only offer likely to be submitted for the entire company by today's deadline, according to sources. Terms of the offer by
      LAT-WP  -  213 words
    • 386 15 Reuters [NEW YORK] Volume spiked in trading of shares of telecoms providers Nextel Communications and Sprint on Friday as talk circulated in the market that Verizon Communications would make a bid for Sprint, traders said. Shares of Verizon Communications changed hands
      Reuters  -  386 words
    • WORLD WATCH
      • 58 15 Reuters [VIENNA] Opec producers yesterday agreed to keep oil output limits on hold, content with crude prices not far offUSsso a barrel, Qatar Oil Minister Abdullah al-Attiyah said. The Organisation of the Petroleum Exporting Countries reached the deal after a meeting in Vienna, despite
        Reuters  -  58 words
      • 80 15 AFP [TOKYO] Japanese electronics maker Sanyo Electric has asked its workers to buy its own products, worth as much as US$ 19,000 per person, in a drive to narrow its losses in the year to March, reports said on Saturday. If all the
        AFP  -  80 words
      • 54 15 Reuters [DUBAI] The government of the Gulf emirate of Dubai yesterday said it had bought a US$l billion stake in DaimlerChrysler AG. The purchase was made through the government's wholly owned Dubai Holding company, which said it was now the third-biggest shareholder in the
        Reuters  -  54 words
      • 53 15 [LONDON] Oil giant Royal Dutch/Shell will this week unveil the largest profit in UK corporate history, The Observer forecasts. Income after tax will climb to around US$l7.5 billion, and is likely to exceed the takings of its arch-rival BP, which reports next week, the
        53 words
  • Page 15 Miscellaneous
    • 202 15 CRYPTIC CROSSWORD 27 Endeavour to incorporate peo- H| pie in Gothic design (7) 2 Fish served by Canterbury's special envoy (6) sembly (9) Across: 1 Gorgonzola, 9 Male, 10 3 Turnover made by fair-wea- 16 Writer has points to mention Good for you, 11 Master, 12 Cogther sailor, say (10)
      202 words

  • AVIATION
    • 387 16 Virgin's Swiss unit buys more of airline's shares, ups stake to 25.1% AFP [SYDNEY] British tycoon Richard Branson rejected yesterday, a takeover offer by ports and rail operator Patrick Corp Ltd for Virgin Blue, the discount Australian airline he founded,
      AFP  -  387 words
    • 453 16 Reuters [NEW YORK] Worries about high oil prices, intense fare wars and the tough transcontinental market for US airlines can take a backseat. Delta Air Lines's lowcost carrier, Song Airlines, is planning to grow its fleet by one-third this year, even as its parent
      Reuters  -  453 words
    • 49 16 AP [DRESDEN] A service technician in a snowblower cleaning the taxiway of snow in front of an Airbus A3lO aircraft at the airport in Dresden, in eastern Germany, on Friday. Due to heavy snowfall during the night, many flights were late in the country. —AP AP
      AP  -  49 words
    • 312 16 Bloomberg [10ND0N] Ryanair Holdings Pic, Europe's biggest lowcost airline, will start six new routes from Dublin, stepping up competition with Ireland's state-owned carrier Aer Lingus. The routes to Rome, the French towns of Biarritz and Carcassone, Frankfurt, the Dutch city
      Bloomberg  -  312 words
    • 681 16 AFP [SHANGHAI] China's purchases of more than US$ll billion worth of Airbus and Boeing jets last week highlights the increasing importance of the Chinese aviation market as the two rivals battle for supremacy of the skies. On Thursday, flag carrier Air China agreed
      AFP  -  681 words
    • 1894 16 FU6MT *TA FUBHT FTP BA7381 1855 QF81 1855 AdaiaMa AF8067 1855 Pwo MI566 1920 MIS66 0915 ■*28 !E OHh, SQ407 0440 IC856 1145 O* 1 IC857 1015 SQ406 1620 Amstardaoi SO323 0645 KL838 2330 AI470 1425 A1471 2120 KU37 1535 SQ324 2345 Denpasar Bali SQ141 1145
      1,894 words
  • Page 16 Advertisements
    • 38 16 Lianhe Zaobao B I Betting on a I I stronger Ringgit I I Singaporeans I I open deposit I I accounts I I in Johor I wt 118 ft 11 |Si I I I ttfflttAasim I Is I
      38 words

  • SHIPPING
    • 599 17 Country building military bases to help safeguard oil shipments: reports AFP [LONDON] China is rushing to build vessels to ship home the huge amounts of commodities its booming economy demands, amid reports it is also constructing military bases to help safeguard its shipments
      AFP  -  599 words
    • 464 17 Reuters [HONG KONG] China's insatiable demand for iron ore should put the brake on falling freight rates in the near future but shipments could peak if Beijing moves to cool the red-hot steel industry. Officials in the shipping industry said the decline in
      Reuters  -  464 words
    • 361 17 Bloomberg [SEOUL] Hyundai Heavy Industries and other South Korean shipbuilders won orders for 2.6 per cent fewer vessels last year, though orders rose to a record US$3O.2 billion as shipmakers focused on higher-val-ue vessels. Dockyards in the world's biggest shipbuilding nation won orders for
      Bloomberg; FILE PHOTO  -  361 words
    • 260 17 Bloomberg [AMSTERDAM] The port of Rotterdam will have to revise its expansion plans after the country's highest governmental advisory body said sand-extraction operations proposed in the plan may violate territorial law and have an undue environmental impact. The Netherlands or the city of
      Bloomberg  -  260 words
    • 232 17 Xinhua [JOHANNESBURG] South Africa's state transport utility Transnet has approved a 2.075-billion-rand (Ssslo million) investment to improve capacity at Durban and Cape Town ports, two busiest ports in southern Africa. The South African media said the move was designed to alleviate congestion
      Xinhua  -  232 words
    • 293 17 SGX '000 JmM SS Vol CH Offshore 0.39 0.01 1697 ChuanHup .0.68 -0.01 1974 Cosco Corporation 1.27 0.02 1435 CWT Distribution 0.74 0.04 242 Ezra Hldgs 1.07 0.03 710 Freight Links .0.09 unch 763 Grand Banks Yacht. 1.02 unch 0 Java Holdings 1.06 unch 1367 K1 Venture 0.26
      293 words
    • 1554 17 STRAITS TIMES INDEX STOCKS SHwt MUM Wt Oou Owwt Stock IHIM m ClOM Change Allgreen 50c 0.29 1 070 -0.030 NOL 2.36 3 400 +0.060 Bit Intl US20c 0 49 1.080 OCBC 9.82 13.600 +0.100 Capita Land 1.47 2.260 +0.040 Parkway H 25c 0.72 1.600 -0.010 Chart SemiCond 26c 0
      1,554 words

  • 10175 18 SGX MAINBOARP 2L frvnninv £2 rfiL i* 10 &0,W Div MCa P Hign low Coat Company Sale +<- (000) High Low Buyer Seller Cvr P/E Smll 25.5 5 5716 1st Software 5c 6.5 unch 9186 7 6 6.5 7 -26 3 34.5 15.5 3148 8TelecomUS2c 18.5 -2.5 8128
    10,175 words
  • Page 18 Advertisements

  • FINANCE & COMMODITIES
    • 3283 19 MORGAN STANLEY CAPITAL INTERNATIONAL INDICES lalKJicarr laSS In IKS *dy**»*dy*»«*dy %yt Intfta Onwy Oxngt Chmy Chang* Ov«r>9> Chang* WtortdlndalWinWMy 836 5 04 7.4 03 5.3 OS 92 EAfE PwSmnary 7739 03 10.4 03 10.4 -05 145 Europe Prefimnaiy ***** <14 103 -0.4 10.4 -06 144 IVflk 6607 ao 10.9 -0.1
      3,283 words
    • 939 19 COMMODITIES: WEEKLY ROUNDUP AFP [LONDON] Oil prices fell last week on expectations that Opec would maintain output at a key meeting over the weekend offsetting earlier supply worries caused by freezing weather in the United States and tensions in Iraq ahead of landmark polls.
      AFP  -  939 words

  • Page 20 Advertisements
    • 1707 20 I TO USA/CANADA I EXPORT 1 I OTHER DESTINATIONS I |VBSa |VOT PKG |ETA SM| LONG lEAOI|DAUAS| HOUSTON MEMPHIS |O4KAGO| NEW YORK TO AUSTRALIA (AUSTRALIA ASIA EXPRESS) 00Q.NING80 07E05 01/03 I 11/52 24/02 25/02 23/02 23/02 24/02 VOY I ETAS* I P«G 1 FRI I W I STD Mil lAM
      1,707 words
    • 73 20 UK CONTINENT SERVICE Loading for LOK PRATAP RTM/ATW/BMNAJK/NAN SPYROS B RTM/ATW/BMNAJK/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, E7W. Malaysia, Indonesia USA SERVICE Loading for HANJIN TAMPA VCW/VCB/LAX/MZL MARY H CAM/NFK/SAV/NOL 'Loads E7W. Malaysia, Indonesia F.E./S.E.A. SERVICES S pore Loading
      73 words
    • 937 20 [iNTIRASIA RORO SERVKI Vtssa/VOT sSga HBGWPW PRO KCH 13 I 8N I JKT I STRAITS VENTURE 03/05 IS 3.? 03/02 OS/07 10/0? 13/02 IS/02 STRAITS VWTOK 04/05 IS 3.2 17/02 IVO2 24/02 27/02 01/03 STRAITS VENTURE OS/DS IS 3.2 09/03 12/03 [WIST ASiA/MNOAt ROUP SVS VKSa/VOT RAMfffT} HBCHTtM) I TOR
      937 words

  • Page 21 Advertisements
    • 773 21 MOi Combbw Mm occapt hlrrAsia CajMs te our Home Page: www.moisin.com.s9 www.hambufgsud.iotn UtL soma lEXPORTI httl Helhc 165) 62n-nil Cap CoivJle 010W Ev« GoUn OWW r WW s<m £GU*O?4W 09/03 22/07 09/03 u503 14/03 WHWuOWW M 01/03 Ewr fonto 103W 14/02 01/03 OS/03 11/03 lj/03 21/03 *h>*w fa mpKMmmknlmlMml m
      773 words
    • 935 21 vor SIN JKT HKG KHH INC KYM PUS VESSEL VOY SIN JKT SUB HKG USH kF HYIRIOGE QB9S 2/2 3/2 5/2 10/2 12/2 14/2 16/2 KMTC SHANGHAI 502S 6/2 9/2 10/2 15/2 19/2 20/2 HY VLADIVOSTOK IS4S 10/2 12/2 17/2 IV2 21/2 23/2 23/2 KMTC PORT KELANG SOTS 13/2 16/2
      935 words
    • 193 21 ocu.DTß.ue Oamartran# (S) Pte Ltd GEMARTRANS OFSUTOR COOE 'OT Cfl NO: **********0*1 FOB BOOWNOSc TBj FAX: 3MCMPOK OMMV *****802 *****061/*****110 KUALA UMPUR (03)*****889 (03)*****102 3 SAILINGS WEEK TO HCM vtssa I vor 1 sin I hcm capechamis 040 i 31/01 03/02 21* 01/02 04/02 GOUXNGATI SO2N 01/02 04/02 UUU« 193N
      193 words
    • 893 21 WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICQ POINTS vessel vor SIN p.klangl Colombo w. sheva Colombo fttlfKWBT 2b JAM 01 Fa 04 FEI KOtt PEIWIU YPWOS7 31 JAN 0? FEI OS FEI 01 FEI II FEI IHPIM6AHPHI OWW 07FEB MFEI I2FB IsW~ 18 FEI KAJIV
      893 words

  • Page 22 Advertisements
    • 798 22 WW WALLENIUS WILHELMSEN website: http://www.2wglobal.tom IIYKStI I VOT RAMP I HEIGHT I SIM lUC MAO HOW MIA SAV »Al OBF NYC NIW MOO HXAS ATSO3 4201 ms 6.4 M I 08/02 OMITS 10/03 17/03 18/03 22/03 20/03 24/03 U/03 TAMERLANE AFSO4 3201 MS 6.4 M I 16/02 10/03 20/03 27/03
      798 words
    • 1380 22 J2SSB Sffll SS Efll JffSSB *01 at ill mmm m* tm 30/01 ru.uaam uu 29/01 01/02 J*U**DA L39SN 30/01 31/01 iliilATi 7 tW 03/0? M/M PAC lAHPA 1396N 01/02 01/02 JMLIAU 41i2 04/02 M/ 02 "C »AXD* IiSZS 82/52 03/02 PACHHTAH 9215 01/02 10/02 -ttLiAMfi* Lzsfin am 04/02 n<. lAHPA
      1,380 words
    • 72 22 5 WINSTAR SHIPPING PTE LTD Co. (Mi Ne. 1M3045J7M WINSTAR LOGISTIC PTE LTD UfapH*. imomiG SIN <4 BATAM UTAH UNB A Sdkf) Weekly (Moo Srt) Loodhg erf Joroag Perl, 12 Door to Doer FCL/LCL/ Conventiond Cargo fogeirtu: Pirns* tdl Dtsmoad, Setwfkw or Joe/ TUO A BARGt CHAOTIMNG, PftOJCCT CARGO A
      72 words
    • 621 22 BSA a. MYANMA BH FIVE STAR LINE (Myanmar National Line) Loading for Yangon VfSSCI VOY SIN PKL PEN PGU PAGAN 341W 04/02 HPA-AN 330W SU> IN MALAYSIA: IOUSTEAD SHIPPING AGENCIES KUI/PKI: 03-300 SUM PEN: 04-2633*1 S JHHA ACCEPTING CONVENTIONAL CSO HUG SIN HRG SIN PGU PU KUC CRYSTAL HURT 17
      621 words

  • Page 23 Advertisements
    • 858 23 d 1 0- aafe'CT.w I Wjftjwwaa crnierasia JLmes mA; filafetff SURER HONQ KONQ A JAPAN vot osk ko> s«2 no I TOK i hkg wo. sgp I MOl ETERNITY SOI 7 27/01 27/01 28/01 29/01 30/01 31/01 02/02 04/02 AO WHSOIS loaf: |01/0?|- \M7[ 10/*****/0? I SSf^K 307 2K2i o]/
      858 words
    • 355 23 I Tp T CARRIERS Hi fnrwMvn firntn* WflltY FIXED DAY SAI INC SIKGAfO«|! POIT lUIIC MitOW WHB I VOT I SN m TOM TMWOHSTM 37J1 27/11 If H/llill h/wt M TAM6OMITM V» Ot/WTW 10/MIHU M/MST 373N nrn*» YMGON SIM I 7« 04/13 m t/MHW U/03TWI limnm k» H/Mwa is/03 fin
      355 words
    • 811 23 I PH7 I IMCQ KAMI: Tit: 4221-1333 FAX: 6721-5272 I I Ml? LI 111 E W QBIOMB SBVKtllk 4J21-55H FAX: 6227-4190 I I+dMm SWIGAfOtt: TONG JOO SWHNG PTI OP gBtWMIBSff >-*■»»«»•—-1 W**c I mmi, TfI■"niinn1 ■"niinn ftHt vintnm I <ot msK mi mb "juT" vtssa vot rosw "nwT sw visa
      811 words
    • 318 23 SPECIALISE IN HEAVY UFTS A PROJECT CARGO sitC IPOff PwHwßUr *V MOUSTKIAI OtAftGß E«rfy Marcfc T*w«. IKWC lISM, Hmt« NQUSTQM Pwfcrtw ■VMOUSTRUIMAGK 71/07 Mar* U+4, M, (Man port* in USA, Mexico, Gombaan A South America on inducumunl. WHOAPORI Minvflfl Map Wom SUpaag (S) Pit Ltd Borwfl Aoeacies S<k IU TJtmtsjTCtmosw
      318 words
    • 462 23 I *****^1/S^^o^o7/o^l^^^B ■ffffffWl TIGER PtARL 255N 02-03/02 09 11/02 16-17/02 ■nMMMifI TIGER SKY 256N 06-07/02 11-13/02 19 20/02 1 HMfl TIGER SEA 2S7N 10-11/02 17-19/02 24 24/02 I ■■■■TIGERWAVE 258N 12-13/02 18 20/02 26-27/02 TIGER PEARL 2S9N 16-17/02 23-25/02 02-03/03 1M HGER SPIRIT 091 30-30/01 05-06/02 14-15/02 I 310 04-05/02
      462 words

  • THE BUSINESS TIMES SHIPPING TIMES
    • 7874 24 This 5 PV VmmI Voyage TttapDon* ETA ETA Adverts VhnI Vm rSIN octtn Manx Mm Numter Number SIN DMfn Nam Nana Number NhSmt To ARiniAM/Ann 14/02 22/03 HamburgSud NYK FREESIA 006E *****133 2039W 21/02 HamburgSud CAP NORTE 405 E *****133 09/02 19/03 Del mas
      7,874 words

  • BizIT
    • 538 25  -  The storage giant is planning an aggressive push with a new range of products, as RAJU CHELLAM finds out RAJU CHELLAM STORAGE solutions giant EMC Corp wants to ride on Singapore's growing market for enterprise data storage that's set to cross US$lOO million in end-user
      Source: IDC Asia-Pacific  -  538 words
    • 431 25 Reuters [NEW YORK] Technology companies may be scrambling to offer new computers, software and services to merger partners Procter Gamble and Gillette, but Hewlett-Packard already has a head start, analysts said on Friday. The US$57 billion deal brings together two of the world's biggest
      Reuters; AFP/REUTERS  -  431 words
    • 222 25 Reuters [SAN FRANCISCO] Yahoo Inc last week began offering a new tool that allows users of its local search service to send restaurant or business information in the form of a text message from a computer to a mobile phone. Yahoo said its
      Reuters  -  222 words
    • 940 26  -  <cool stuff> Singapore consumers get two phones with very different approaches, as AMIT ROY CHOUDHURY finds out AMIT ROY CHOUDHURY THIRD generation (3G) mobile telephony is all set to spice up not only the way you talk to others over the phone but also
      CHRIS LOH  -  940 words
    • 321 26  -  By AMIT ROY CHOUDHURY CREATIVE Technology has come up with an offering for high-end audio buffs that provides a new suite of professional-class tools at an affordable price. The Creative Professional E-MU Proteus X Desktop sound module includes a comprehensive two gigabyte (GB)
      321 words
    • <what's new>
      • 83 26 SHIRO Corporation, a wholly-owned subsidiary of listed Aztech Systems, has introduced a new capacity-expandable MP3 player called the Shiro SX. The MP3 player comes with a SD/MMC memory card expansion slot which gives users the ability to increase the memory capacity up to one gigabyte. The
        83 words
      • 113 26 SUN Microsystems has announced that the source code for Solaris 10 will be made available under the OSI (Open Source Initiative) approved Common Development and Distribution Licence (CDDL). Sun has established a community website and buildable source code for Solaris will be available at this site
        113 words
      • 101 26 LINKSYS has introduced its latest addition to its Wireless-G line, Wireless-G Compact Flash Card (WCFS4G). The Compact Flash (CF) card offers users high speed wireless networking on a personal digital assistant (PDA). It can be installed into the CF Type II slot in a PDA.
        101 words
      • 70 26 CANON has introduced a series of all-in-one (AIO) devices that, it says, offer superior functions. The new AIOs comprise four laser devices the MF5650, MF5630, MF3112, MF3IIO and one inkjet, the MP7BO. The MP7BO is Canon's first AIO introduced under its inkjet printer brand Pixma. Prices for
        70 words
      • 74 26 SAMSUNG has introduced a black slide-up mobile phone targeted at men, the SGH-DSOOC. The phone comes with a 1.3 megapixel camera, 96 megabytes of storage capacity and Bluetooth capability. It weighs 99 grammes and incorporates a wide screen, MP3/64-chord polyphonic ring tones and Photo Caller ID
        74 words
      • 68 26  -  Compiled by Amit Roy Choudhury SMC Networks has introduced the SMC-BTIO EZ Connect Wireless Bluetooth USB Adapter. The adapter is Bluetooth 1.2-compliant and can communicate at distances of up to nine metres. The SMC-BTIO EZ operates on both the Macintosh operating system version 10.2 and above
        68 words
    • 243 26 Xinhua [LOS ANGELES] A US district court in Seattle on Friday sentenced a 19-year-old Minnesota teen to 18 months in prison for unleashing a variant of the MSBlast worm. Jeffrey Lee Parson was ordered to serve his time in a minimum security prison,
      Xinhua  -  243 words
    • <what's up>
      • 76 26 THE Global Mobile Suppliers Association has appointed Anders Kager of Nokia Networks as the new chairman of the GSA Asia Pacific Chapter, effective from this month. Mr Kager, who is Nokia's director of regional marketing, Asia Pacific and is based in Singapore, takes over from
        76 words
      • 52 26 SAP Asia Pacific has appointed Eric MacDonald as managing director of SAP Singapore. He takes over from Colin Sampson who has been appointed chief operating officer for SAP Asia Pacific. Prior to this appointment Mr MacDonald was SAP's senior vice-president of education for the Asia
        52 words
      • 77 26 RAZER, which makes high performance computer gaming peripherals, is looking for a Singapore gaming clan to sponsor. It has recently announced its sponsorship of TeamEyeballers, one of the world's top gaming clans, and of Team Schrot Kommando (SK), another top gaming clan. According to Razer,
        77 words
      • 100 26 MACROMEDIA and the Institute of Technical Education (ITE) have signed a memorandum of understanding to incorporate Macromedia curriculum into ITE's courses. The two will collaborate in imparting web design and development capabilities to ITE students using the Macromedia Studio MX 2004 suite. The courses will cover topics such
        100 words
      • 71 26 PROJECT Management Institute (PMI), a leading not-for-profit advocacy association for the project management profession, will hold its first annual Asia Pacific Global Congress here from Feb 21 to Feb 23. The three-day event will offer learning opportunities, access to professional tools and resources,
        71 words
      • 57 26  -  Compiled by Amit Roy Choudhury AQUENT, which specialises in staffing solutions for the creative, marketing and communications industries, has appointed recruitment specialist Andrew Bailey. Mr Bailey will be responsible for recruiting mid-to-senior level executives in marketing for information technology and telecommunications, among other industries, in Singapore
        57 words
    • 637 27  -  &lt;we say&gt; Sun goes open, Microsoft goes protective what gives? KENNETH JAMES Technology Editor THE battle for software market share and mind share has become a whole lot more fascinating. Sun Microsystems, Inc has begun to deliver on a commitment that has left the software
      637 words
    • 759 27  -  &lt;you say&gt; Customisation used to be key to competitive advantage. But that view is changing STANLEY CHEW EVER-CHANGING market conditions have forced businesses to rethink how they operate. To win, organisations need to respond to fluctuating technology and shifting business boundaries with speed, transparency and
      759 words
    • 858 28  -  In Q4 2004,148,726 PCs were shipped in S'pore, up 18 per cent over Q4 last year. Much of that demand was for laptops, reports RAJU CHELLAM RAJU CHELLAM SINGAPORE'S personal computer shipments crossed the half million mark in units sold for the
      858 words
    • 317 28  -  By AMIT ROY CHOUDHURY AS a follow-up to its worldwide announcement of anti-piracy measures, Microsoft Singapore has come up with a number of incentives for users of genuine software. Last week, Microsoft came out with details about the company's plans to enhance its
      317 words
    • 53 28 THE photo we ran with the story "SSA Global moving regional HQ to S'pore" (BizlT, Jan 24, Pg 26) was not that of SSA Global president, chairman and CEO Mike Greenough, as mentioned in the caption, but of SSA Global executive vice-president Graeme Cooksley. We are sorry
      53 words
    • 490 28 Reuters IWASHINGTON] The Bush administration will extend its review of IBM's sale of its personal computer business to China's Lenovo Group Ltd for 45 days to examine potential national security concerns, sources familiar with the matter said last Friday. "The 45-day review
      Reuters; AP  -  490 words
    • 164 28 AP [SHANGHAI] Intel Corp, the world's largest maker of computer chips, is demanding U557.96 million in compensation from a Chinese competitor that it alleges violated copyrights on its software, state media reported last Friday. Intel Tiled the suit against Shenzhen Dongjin Communications Technologies
      AP  -  164 words
  • Page 25 Advertisements
    • 126 25 Ipt JEL ;^r',r y|fe ts m.-:•■ j&sulm v Ig nTWt^iTBMMMMMMMi ■P^PIPW" r v\i ''^Br^-M ■KtaMi V^i ■hohmmL :,*p^^lßfc4iilloL H^fl fn d ||T|l a iTiTM In stay in the lead with Meg@pop. We a network allows every to be from carparks can become fully WKW JKKEJ jfHHP' "'-VfijflHHV Mr Rupert Tan
      126 words


  • Page 27 Advertisements
    • 481 27 m &gt; Dates: 21-23 February 2005 XMI &gt; Location: Swissotel the Stamford Singapore Joha 1 (HOHOTPQQ &gt; Features: PMI Leadership Meeting, Keynote, Areas of Focus, IUL,CU v.&gt;* wi liil Networking Receptions, Exhibits, Seminars ASIA PACIFIC 2005 wc t n &gt; Exclusive: Tsunami Reconstruction Panel Discussion h &gt; visit: www.pmi.org tF"
      481 words

  • Page 28 Advertisements
    • 66 28 H |MMB^WBB6SBWB Authorind Dulnbutor Dtuitor AV-Science Marketing Pte Ltd Office 1 Pte Ltd -v 3 Upper Aljunied Link Block B (subsidiary of NTVC Fmrpnce) #08-06 Joo Sena Warehouse The Funan IT Mall Singapore *****2 *05-25/32 1 Tel: +66 *****322 Fax: +65 *****511 Singapore *****7 Email: avsmOav-science.com Daily: 10.00 am 8.30pm
      66 words
    • 3 28 rflla v jm
      3 words