The Business Times, 24 February 2005

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Total Pages: 32
1 32 The Business Times
  • 17 1 THE BUSINESS TIMES SINGAPORE 85 cents online at http://business-times.asia 1 .com.sg MICA (P) 023/03/2004 Thursday, February 24,2005
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  • 610 1  -  Harrah's will hold at least 70%, KepLand up to 30% By ALEXANDRA HO [SINGAPORE] After much speculation, Keppel Land has finally shown its hand. It is teaming up with US gaming giant Harrah's Entertainment to submit concepts for integrated resorts that
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  • 135 1 sn 2,136.42 (-10.31) ST INDEX FUTURES 2,137.00 (-9.00) siMsa 253.83 (-1.46) SIMSa FUTURES 253.80 (-1.50) MARKETS Wednesday Change KLSECOMP 899.68 -5.07 NIKKEI 225 11,500.18 -97.53 HANG SENG 13,957.94 -132.58 SET INDEX closed JAKARTA COMP 1,102.92 +3.013 MANILA COMP 2,042.78 +50.51 SEOUL COMP 968.43 -9.37 SHENZHEN B 260.84 +9.58
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  • 709 1  -  Listing of DMS unit in the balance; Motorola says letter of intent not a binding commitment By JOYCE KOH [SINGAPORE] Accord Customer Care Solutions (ACCS), which announced on Tuesday that its 2004 profits more than doubled to $47 million, revealed yesterday that revenues for the
    FILE PHOTO  -  709 words
  • 316 1  -  By R SIVANITHY [SINGAPORE] Brokers have turned ultra-cautious on former market darling Accord Customer Care Solutions (ACCS), the mobile phone servicer that has been very much in the news after it lost a lucrative Nokia contract and the Commercial Affairs Department moved in to
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  • TOP STORIES
    • 551 2  -  It is charging local video calls at same rate as local mobile voice calls By ROLAND LIM [SINGAPORE] Singapore Telecommunications has upped the ante in the 3G stakes by offering mobile subscribers local video calls at the same rates as local mobile voice
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    • 346 2 Consumer prices edge up by 0.1 in January LATEST US DATA Reuters Bloomberg AP [WASHINGTON] Consumer prices in the United States edged up a tiny 0.1 per cent last month as energy costs went down significantly for the second straight month, sending a price-stability message that was at odds with
      Reuters; Bloomberg; AP  -  346 words
    • 537 2 SMRT looking to expand into retail sector SMRT Corporation is branching into non-core business areas and the sector it is most keen to develop is retail, said its chairman. Choo Chiau Beng. Mr Choo was speaking yesterday at the launch of Raffles Xchange, a 2,600 sq m retail
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    • 863 3  -  Many still find shortened deadline a challenge, say accountants By TEH HOOI LING [SINGAPORE] Some 220 companies, or more than half the 393 Singaporelisted companies with Dec 31 fiscal year-ends, have yet to report full-year results with only six
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    • 89 3 IN the report "Semicon stocks fall on broad front as chip glut worsens" (BT, Feb 23), we quoted recommendations from OCBC Securities, based on an e-mail received from a reprer sentative of OCBC Securities. The recommendations and information were in fact collated from other sources, and not specifically issued
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    • 413 3  -  By LIZA LIN [SINGAPORE] SMRT Corporation is branching into non-core business areas and the sector it is most keen to develop is retail, said its chairman, Choo Chiau Beng. Mr Choo was speaking yesterday at the launch of Raffles Xchange, a 2,600 sq
      CAROLINE CHIA/ST  -  413 words
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  • COMPANY NEWS
    • 382 4  -  It is benefiting from China's appetite for commodities and other products By WONG WEI KONG SPURRED by the growth of the Chinese economy, Noble Group, which trades in a wide range of goods, has chalked up a year of record revenue and profit. The
      382 words
    • 603 4  -  Earnings of $73.3 m get $12.3 m boost from UOL dividends By SIOW LI SEN WEE Cho Yaw's Haw Par Corp saw net profit rise 47 per cent to $73.3 million in 2004 after getting a boost from the recent unwinding of
      FILE PHOTO  -  603 words
    • 632 4  -  HOCK LOCK SIEW By DONALD URQUHART THERE is a certain degree of irony in the stellar results turned in on Monday by mainboard-listed bulk shipping company, Cosco Corporation (Singapore) Ltd. Although posting record profits up 173 per cent year-on-year to $66.2
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    • 271 4  -  By NANDE KHIN WATER purification and wastewater treatment solutions provider Asia Water Technology is set to become the latest water-related player to list here. The Singapore-based company with key operations in China launched an initial public offer (IPO) yesterday
      271 words
  • Page 4 Advertisements
    • 170 4 At Mont' Kiara Kiaraville's Singapore Launch An overwhelming response! We wish to thank a!! parties who attended our Exhibition at the Marriot Hotel on the 19th and 20th February. Due to the overwhelming response to our seminar, we apologise if we have been unable to attend to your enquiry. So
      170 words

  • CEO'S NOTEBOOK
    • 1767 5  -  Having spent three decades in insurance, Great Eastern group CEO Tan Beng Lee shares with ROLAND LIM his lifelong passion for it ROLAND LIM DON'T let the unassuming manner of Tan Beng Lee, group chief executive of Great Eastern Holdings, make you think he's someone who would
      CHRIS LOH  -  1,767 words
  • Page 5 Advertisements
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  • COMPANY NEWS
    • 716 6  -  It is optimistic it will turn profit which could see dividend payout By ANGELA TAN STARHUB yesterday said fourth quarter losses narrowed from a year ago after all lines of businesses grew and the telco is optimistic it will be profitable this year, which
      716 words
    • 465 6  -  By RAJU CHELLAM IN the midst of the semicon gloom, here's some positive news: Singapore-based semicon equipment maker Asti Holdings saw full-year profit after tax and minority interests jump to $17.8 million, up 222 per cent from $5.5 million a year ago. The Sesdaq-listed
      465 words
    • 406 6 Fut year results 12 months ended Dec2004 I EARNWGStSS* 1 TURNOVER (SSM) 1 EPSRHiTS) COMPANY QJRRBff PREVIOUS %CHG CURRBff PRBflOUS %CHG CUWENT PWEVKXfi %CHG SunBusiness 73.49 -538 nm 113.83 2139 4311 16.10 -157 nm SCS 27.77 -33.02 nm ***** 418.93 22 ;j 18.02 -21.42 nm Knfloari 22.07 1554
      406 words
    • 560 7  -  Group proposes one-for-two bonus issue; order book stands at $234 m By JOYCE KOH STOCK market darling Hyflux Ltd delivered a healthy set of full-year results yesterday even as the company said that China and the Middle East will be its growth drivers
      560 words
    • COMPANY BRIEFS
      • 36 7 OVERSEA-Chinese Banking Corporation (OCBC) said yesterday that its two wholly-owned subsidiaries Bukit Investments Limited and Phoenix Holdings Limited were dissolved on Feb 22, 2005. They have ceased to be subsidiaries of the bank.
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      • 42 7 UNITED Industrial Corporation (UIC) said it has completed the divestment of 75 per cent in UIC Printing Packaging (UICPP) to KHL Printing for $2.78 million. With the divestment, UICPP has ceased to be a subsidiary of UIC.
        42 words
    • 423 7  -  By KALPANA RASHIWALA HOTEL Properties Ltd (HPL) yesterday posted a full-year group net profit of $21.4 million, up from $4.7 million in 2003 on the back of strong contributions from its hotel business. And it is rewarding shareholders with a 2.5cents per
      423 words
  • Page 6 Advertisements
    • 210 6 I Property equities I have thrived in I uncertain times... I I Since its launch in June 1999, the I Henderson European Property I Securities Fund has achieved a I positive annualised return of 1 5.0%*. This is achieved through investing in ru;w:w stocks across Europe, with strong emphasis on
      210 words

  • Page 7 Advertisements
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    • 353 7 3 jf Technology j Asia Water Technology Ltd. w «r* principally engage in (incorporated in Singapore on 19 November 2002) the business of providing water (Company Registration Nufnber:2oo2loo42fl) purification and Wait.Wlt.r MflV treatment solutions. We provide comprehensive and integrated Mtat solutions, ranging from procurement, installation and commissioning of such systems.
      353 words

  • SINGAPORE MARKETS
    • 546 8  -  STOCKS Three-day loss this week amounts to just 1.5%; weakness in the second line more broad-based R SIVANITHY Senior Correspondent Given that the Straits Times Index had risen slightly over 100 points since the start of the year, the knocks of the
      Source: Bloomberg  -  546 words
    • Article, Illustration
      839 8  -  Compiled by R SIVANITHY BEAUTY CHINA Feb 23 dose: 91.5 cents (+0.5 cents) UOB-KAY HIAN. Feb 23 DOWNTREND of profit margin: Gross margin declined from 66.1 per cent in FY03 to 63.7 per cent in FY04 and operating profit margin decline even more sharply from 42.4 per cent
      Source: Bloomberg  -  839 words
    • Article, Illustration
      421 8 OTHER SINGAPORE INDICES Feb 23 VALUE CLOSE BT OB/OS -223.00 -103.00 BTCAPI -*****.00 -125.00 BT 10-day MA -*****.00 -22.00 All-SG Equities 554.44 -2.54 SG Equities Elect 146.21 -5.53 SG Equities Fin 1619.55 -10.94 SG Equities Prop 549.42 -1.76 SIMSCI 253.83 -1.46 SiMSCI Futures 253.80 -1.50 MOST ACTIVE STOCKS VOLUME Venture
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    • 494 8  -  CURRENCIES LARRY WEE Senior Correspondent THE US dollar was tugged in opposite directions yesterday, correcting off overnight lows on a denial of Asian reserve diversification but held down by sharply higher commodity prices. The closely watched Commodities Research Bureau (CRB) index of commodity prices
      Source: Reuters  -  494 words
    • TRADES TO WATCH
      • 95 8 SCHRODER Investment Management Group's deemed stake in MCL Land has increased from 5.513 per cent to 5.548 per cent after a series of purchases by Schroder Investment Management Singapore on behalf of clients last Friday. Schroder Investment Management Group comprising Schroder Investment Management and
        95 words
      • 115 8 IN a separate announcement, Schroder Investment Management Group's deemed stake in SembCorp Industries fell from 5.974 per cent to 5.921 per cent after 968,000 shares were sold on behalf of clients on Monday. Last week, SembCorp reported a 39 per cent rise in net
        115 words
      • 126 8 IPCO International yesterday said that Chng Gim Huat (below), a substantial shareholder, has raised his stake from 5.87 per cent to 6.05 per cent after buying 1.5 million shares on the open market on Tuesday. No pricing information was disclosed. MrChng has been raising his stake
        126 words
      • 115 8  -  Compiled by JEAN CHUA LEE Kim Tah Investments has increased its deemed stake in Lee Kim Tah Holdings from 57.95 per cent to 57.97 per cent after 113,000 shares were bought on the open market on Tuesday. The company also has a
        115 words

  • Page 9 Advertisements
    • 1311 9 RESULTS 04 noble Year ended 31 December 2004 '43* group Today S 3.nswcr to tomorrow S growth (Incorporated in Bermuda with limited liability) FINANCIAL HIGHLIGHTS Turnover Net profit Gross profit Return on average Net profit for 2004 increased increased increased equity for 2004 by by by was 96% 367% 171%
      1,311 words

  • BLUE CHIPS
    • 826 10  -  Investors remain cool despite its buoyant profit, strong order book and planned capital reduction, reports WONG WEI KONG WONG WEI KONG STRONG earnings, impressive order books and a capital reduction ingredients for what should be a sure formula to get the market excited about
      826 words
    • 4232 10 UNIT TRUSTS FUNDS UP G'teed 5.CV2 *****4/ UP G'teed 7.012 ****** AM Amro Asset Mgt (S'pofe) "JIS7 Star Europe Ecjtv' 0 807/ H_ 7.0/3 1.*****/ Star Bond ??2 U P wwn 9 50n 0.8661/ Star Eur^Bal J=Z=ZZ=Z=ZZZ U3» SST JS, 7 ?fE Shm>5:S&:z:::;:;:;zr.: S E2Ls il?I SWING 5/1/105% 1.*****/ sS
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  • SINGAPORE NEWS
    • 467 12  -  Move lays new groundwork for closer ties across range of areas By DANIEL BUENAS in Riyadh SINGAPORE and Saudi Arabia have signed a general agreement on cooperation (GAC) a move that lays the groundwork for enhanced relations in a range of areas. The
      CHEW SENG KIM/ST  -  467 words
    • 530 12  -  By KAREN HO, MICHELLE QUAH MONEY broker Prebon Yamane's injunction to stop more than 50 of its brokers from joining rival BGC Partners has been thrown out by the High Court. Justice Lai Kew Chai made the decision and also ordered Prebon to pay
      530 words
    • 364 12  -  By RONNIE LIM SINGAPORE'S tough intellectual property and environmental protection laws have attracted another high-tech investor to build a new high-tech plant here rather than in China, where the market is. Japan's Kureha Chemical Industry plans a US$lOO million super engineering plastics facility that
      364 words
    • 290 12  -  By SAMUEL EE THE Government Parliamentary Committee (GPC) for Transport has recommended a change in the formula used to cap any adjustments in public transport fares, in response to the transport minister's request to examine the fare review mechanism. Since 1998, the "CPI X"
      290 words
    • 300 12  -  By JEAN CHUA SINGAPORE'S Consumer Price Index edged up 0.9 per cent in January from a year earlier, with education and stationery costs increasing the most, 2.6 per cent. On a month-on-month basis, the index rose 0.3 per cent from December 2004 as all
      300 words
    • 145 12 CERTIFICATES of entitlement (COEs) in Category A cars below 1,600 cc eased $41 to $18,159 in yesterday's tender. But Cat B for cars above 1,600 cc rose $358 to $16,891. And Cat E -the open category posted the biggest jump, rising $699 to
      145 words
  • Page 12 Advertisements
    • 1073 12 XtSi QIAN HU CORPORATION LIMITED (Company Registration Number *****6124N) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Sixth Annual General Meeting of the Company will be held at No. 71 Jalan Lekar, Singapore *****0 on Friday, 18 March 2005 at 11.00
      1,073 words

  • SINGAPORE FOCUS: SERVICES
    • 1039 13  -  EDUCATION France's top business school picks Singapore as site of its Asian campus, over Japan, China and India by CAROLYN QUEK FRANCE'S top business school, Essec, reached a point three years back when it felt that it was ready to go global. But it felt that
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  • Page 13 Advertisements
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  • ECONOMY WATCH
    • 666 14 Both say they have no plans to divert forex reserves from dollars to euros Reuters Bloomberg [TOKYO] Japan and South Korea said yesterday that they had no plans to divert their massive foreign currency reserves, the world's largest, out of dollars and into euros.
      Reuters; Bloomberg; REUTERS  -  666 words
    • 2323 14 vol FSBM 123 -0.02 305 Nfca Ml w- (HW FTEC Resources jOJt -0.01 510 FurqanBus.Org. AM -0.01 2078 ASM Realty 1.65 unch 0 Gadang 1.43 unth in Abnc 0 57 "0-01 267 Gamuda 5.45 unch 1533 ACP Industries 1.15 0.01 12 GeneralCorp .0.49 -0.01 115 Advance
      2,323 words
    • 367 14 Bloomberg [NEW YORK] The World Bank boosted its aid budget for poor nations over the next three years to US$34 billion from US$23 billion, the biggest increase in two decades. The funding rise is for the Washington-based global lending organisation's International
      Bloomberg  -  367 words
    • 326 14 Reuters [BEIJING] China's foreign exchange regulator has unveiled steps to curb short-term debt incurred by importers, the latest step to relieve upward pressure on the yuan. Importers who need to pay US$5OO,OOO or more but have sought to delay the payment by over
      Reuters  -  326 words
    • 519 14 Exports rise just 3.2% as demand for high-tech products slows down Reuters [TOKYO] Japan's trade surplus shrank for the first time in two months on a year-on-year basis in January, highlighting slowing demand for high-tech products that has
      Reuters  -  519 words

  • M'SIA
    • 589 15  -  It was picked over Subang for its infrastructure and connectivity By PAULINE NG in Kuala Lumpur MALAYSIA will fast track the construction of a pur-pose-built RMIOO million (5542.8 million) terminal for low cost carriers (LCCs) at the Kuala Lumpur International Airport (KLIA),
      589 words
    • 612 15  -  By S JAYASANKARAN in Kuala Lumpur THE prospectus issued by Bursa Malaysia yesterday ahead of a putative March 18 listing may have set a new price benchmark on the 45-year-old Malaysian bourse. The former Kuala Lumpur Stock Exchange offered 166 million new shares
      612 words
    • 130 15 [KUALA LUMPUR] Energy, Water and Communications Minister Lim Keng Yaik has disputed claims made by a private company that it has won a deal to privatise water supply in Pahang, the Malaysian Business Times reported yesterday. Dr Lim maintained his position that no new
      130 words
  • Page 15 Advertisements
    • 1409 15 =5 UNITED ENGINEERS LIMITED Reg. No: *****0018G (Incorporated in th« Republic of Singapore) FULL YEAR FINANCIAL STATEMENTS ANNOUNCEMENT 1. RESULTS The unaudited results of the Group for the financial year ended 31 December 2004 are as follows: Group 31/12/2004 31/12/2003 Change $000 $000 Turnover* 507,719 464,506 29 Cost of sales
      1,409 words

  • GREATER CHINA
    • 298 16 AP [BRUSSELS] US President George W Bush and European leaders settled simmering differences about Iraq but plunged into a troublesome new dispute over the lifting of an arms embargo against China. Mr Bush warned that the US Congress might retaliate
      AP; AFP  -  298 words
    • 307 16 AP [HONG KONG] A top Chinese official here said Beijing is willing to go along with the people's choice of the territory's next leader, newspapers reported yesterday, a remark that challenged the popular belief that China's communist rulers will handpick the next
      AP  -  307 words
    • 459 16 Stiff competition intensified by China rivals such as SMIC Reuters [SINGAPORE] Small Southeast Asian players such as Ist Silicon (Malaysia) Sdn Bhd and Silterra Malaysia Sdn Bhd are struggling to gain market share in an industry facing cut-throat competition, especially with the
      Reuters  -  459 words
    • NOTE BOOK
      • 40 16 Reuters (SHANGHAI] China's regulator has given approval for six insurers to buy domestic stocks directly, a move that could pump up to US$4.B billion into the country's beleaguered bourses, state media said on Wednesday. —Reuters
        Reuters  -  40 words
      • 88 16 Reuters [KUALA LUMPUR] Telekom Malaysia Bhd, Malaysia's most valuable phone firm, is planning to cut its workforce and offering a voluntary redundancy scheme, company sources said on Wednesday. The state-controlled firm expects about 10 per cent of its 30,000 staff to take up
        Reuters  -  88 words
      • 77 16 Xinhua [BEIJING] Bank of China (BOC), a leader in the country's aggressive banking reform efforts, said it has appointed a US financial expert as its chief credit officer. Lonnie Dounn from the Hongkong and Shanghai Banking Corporation (HSBC) became the first foreigner to work in
        Xinhua  -  77 words
      • 76 16 [HONG KONG] Morgan Stanley is being sued by its former Hong Kong-based head of research for Asia and Japan over four years' worth of cancelled stock options, the South China Morning Post reported yesterday. Robert Vaudry, who resigned after 13 years with the investment bank in
        76 words
      • 63 16 Bloomberg [BEIJING] Internet search engine operator Sina Corp, which could face a hostile takeover by Shanda Interactive Entertainment, is hoping to defeat Shanda's advances by giving shareholders the right to buy US$l5O worth of new stock at half the market price for every existing
        Bloomberg  -  63 words
  • Page 16 Advertisements
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      81 words

  • INDIA
    • 322 17 Indian Oil still keen to own French unit after China makes competing offer [MUMBAI] Indian Oil Corporation (IOC), the largest domestic refiner, believes it is in exclusive talks to acquire Maurel Prom of France, according to a report in the Financial Times. A compromise
      BLOOMBERG  -  322 words
    • 139 17 Bloomberg [NEW YORK] Warburg Pincus LLC, a global venture capital and buyout firm, has invested about US$l billion of equity in Indian companies and has made more than three times its investment in mobile telephone company Bharti Tele-Ventures Ltd. "We have seen phenomenal stories in
      Bloomberg  -  139 words
    • 413 17 Bloomberg Reuters [NEW DELHI] Nokia Oyj, the world's biggest mobile phone maker, Ericsson AB and Alcatel SA will be among phone equipment makers that will invest as much as US$BOO million in India, the world's fastestgrowing mobile phone market. The
      Bloomberg; Reuters  -  413 words
  • Page 17 Advertisements
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  • ASIA-PACIFIC/WORLD
    • 753 18  -  ASIA INSIGHT Reform could see political power that controls military concentrated in relatively few hands ANTHONY ROWLEY Tokyo Correspondent JAPAN is marching at an accelerating pace towards the revision of its post-war "pacifist" Constitution, but not all of Japan's neighbours are
      753 words
    • 567 18 AFP [TOKYO] As Japan produces fewer children and more retirees, toymakers are designing new dolls designed not for the young but for the lonely elderly companions which can sleep next to them and offer caring words they may never hear otherwise.
      AFP  -  567 words
    • 433 18 Rumours of fresh takeover battle send M&S shares up Reuters [LONDON] Entrepreneur Philip Green denied rumours he was planning a fresh bid for Marks Spencer on Tuesday after shares in the UK's top clothing retailer rose on speculation of a fresh takeover
      Reuters  -  433 words
    • 259 18 AFP [WASHINGTON] Asians made up a quarter of the 34.2 million foreign population in the United States last year, with children of immigrants wealthier and better educated than their parents, fresh data from the US Census Bureau showed on Tuesday. The foreign-born
      AFP  -  259 words
  • Page 18 Advertisements
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  • WORLD
    • 746 19  -  Surge triggered by late-winter cold snap in US, Europe and falling dollar By RONNIE LIM [SINGAPORE] Snowfalls and the falling dollar lifted oil past US$5l a barrel to a four-month high yesterday after officials warned that a continued slide in the greenback will keep
      Souce: Reuters  -  746 words
    • 313 19 WORLDCOM FRAUD Testimony bolsters govt case CEO knew of false accounting Bloomberg Reuters [NEW YORK] A former World Com Inc employee told jurors on Tuesday that she delivered documents to the personal assistant of exCEO Bernard Ebbers, on trial for securities fraud, that showed
      Bloomberg; Reuters  -  313 words
    • WORLD WATCH
      • 79 19 Reuters [TOKYO] Sony Corp said yesterday it would stop making personal digital assistants (PDAs) for Japan in July, completing its withdrawal from a market hit by multi-functional cellphones and casting a shadow over the tools' growth potential. The move was widely expected after the electronics
        Reuters  -  79 words
      • 54 19 AFP [LONDON] British Prime Minister Tony Blair has been given a £5,000 (S$ 15,527) salary hike, as part of a general pay raise for senior civil servants. The British leader said in a written statement to Parliament on Tuesday that his salary would rise from
        AFP  -  54 words
      • 93 19 Bloomberg [SEATTLE] Novell Inc, a seller of network software and consulting services, said first-quarter profit jumped 39-fold because of a legal settlement with Microsoft Corp. Net income rose to U*****.2 million in the quarter ended Jan 31 from US$lO.l million a year earlier, Novell said
        Bloomberg  -  93 words
      • 98 19 Bloomberg [LONDON] Deutsche Boerse AG, facing opposition from some shareholders over its proposed takeover of London Stock Exchange pic (LSE), doesn't expect to give investors a vote on the transaction, chief executive officer Werner Seifert said. Deutsche Boerse, Europe's biggest stock exchange by market
        Bloomberg  -  98 words
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    • 286 19 Jy^^^^^J^^JJoadverti»eMinolUre^**********/Emll^^^®^xom^ IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF EXTROPIA.COM PTE LTD (In Creditors' Voluntary Liquidation) Reg. No. *****6704Z NOTICE OF FINAL MEETINfi NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap. 50, the Final Meeting of the abovenamed
      286 words
    • 180 19 IN THE MATTER OF THE COMPANIES ACT (CAP. 50, 1994 ED) AND IN THE MATTER OF WONG TEK FOO HOLDINGS (PTE) LIMITED (In Members' Voluntary Liquidation) (Company Reg. No. *****0074H) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act (Cap. 50,1994 Ed),
      180 words
    • 739 19 IN THE mOHCOtJWOHW .r Qf MNQAPOtf Originating Summons No 203 of 2005/ C In Hie Matter of HUA KOK INTERNATIONAL LTD (RC No *****3007 C) And SECTION 73 OF THE COMPANIES ACT I CAP JO) AND ORDER M OF THE RULES OF COURT (REVISED EDITION 1997) APVMTKfMFMTn* BAY MFAHKir. HUA
      739 words
    • 1253 19 BANK OF NEW ZEALAND Annual Report For The Year Ended 30 September 2004 BANK OF NEW ZEALAND AND SUBSIDIARY COMPANIES All amounts are expressed in New Zealand currency. STATEMENT OF FINANCIAL POSITION STATEMENT OF FINANCIAL As at 30 September 2004 PERFORMANCE Consolidated Fof Y ear ended 30 September 2004 ""SI
      1,253 words

  • AVIATION
    • 560 20  -  Despite losing the Subang bid, it will still work on the new terminal By VEN SREENIVASAN HAVING lost its bid to clinch Subang, Air Asia wants to make the proposed low-cost terminal in Kuala Lumpur International Airport (KLIA) into an efficient
      FILE PHOTO  -  560 words
    • LOG BOOK
      • 104 20 Bloomberg [MICHIGAN] Northwest Airlines Corp, the fourth-largest US carrier, said it applied for permission to expand services to India, where it currently flies only to Mumbai. The St Paul, Minnesota-based carrier said in a statement that its priority is service from Minneapolis/St Paul International Airport
        Bloomberg  -  104 words
      • 217 20 Bloomberg [WELLINGTON] Air New Zealand first-half profit was probably little changed after the company increased fare charges because of rising fuel costs and rivalry crimped earnings on Australian routes. Net income was probably NZ$lO4 million (Ssl22 million) in the six months ended Dec
        Bloomberg  -  217 words
    • 566 20 It feels move would put shareholders' interests above the UK industry's [LONDON] THE British government is gravely worried about any move defence company BAE Systems might make to sell its stake in European civil aircraft manufacturer Airbus, according to a report in
      566 words
    • 347 20 Bloomberg WASHINGTON] Two Saudi Arabian Airlines pilots lost a US Supreme Court appeal that claimed their US flying licences were unfairly revoked on grounds they were a security threat. The pilots, who said they were not terrorists and had "untarnished"
      Bloomberg  -  347 words
    • 494 20 Reuters [LOS ANGELES] Boeing Co on Tuesday agreed to sell off a key part of its commercial jet-building operations and a rocket engine unit in two separate deals worth about US$2 billion. The deals come as Boeing tries to sell
      Reuters  -  494 words
    • 1827 20 OTY fimiT m man no D«*o MI566 1920 MI566 0915 Ullrtl LH9771 1855 AF8088 2250 SQ407 0710 K8S6 1145 SQ230 1855 8A7382 2250 IC857 1015 SQ408 1855 Qf82 2250 DMpWfld SQ141 1145 SQ142 0935 tantartaw SO323 0645 KL838 2330 SO 143 1535 SQ146 1640 KL837 1535
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  • SHIPPING
    • 838 21  -  It reports no shallows at the entrance after surveying the epicentre of the recent earthquake By DONALD URQUHART [SINGAPORE] A British Royal Navy hydrographic vessel has found no evidence of changes in depth at the busy entrance to the Malacca Straits
      ST  -  838 words
    • 244 21 Reuters [OSLO] Norway-listed Jinhui Shipping and Transport Limited reported an over five-fold leap in fourthquarter pretax profit on Monday amid high freight rates and ship sales, and said its market remained strong. Pretax profit at Jinhui Shipping, controlled by Hong Kong's Jinhui
      Reuters  -  244 words
    • 305 21 SGX '000 Feb 23 SS *1- Vol CH Offshore 0.38 0.01 1114 Chuan Hup 0.71 -0.01 3895 Cosco Corporation 1.41 -0.01 5862 CWT Distribution 0.67 -0.02 29 Ezra Hldgs 106 unch 287 Freight Links 0.09 unch 15 Grand Banks Yacht 108 -0.01 90 Jaya Holdings 1.09 0.02 1550
      305 words
    • Article, Illustration
      47 21 [BURELA. SPAIN] The ship Siempre Cansina, sinking near the coast of Burela. north-western Spain, on Tuesday. Spanish rescue services were searching the frigid waters of the north Atlantic for eight men who went missing after their fishing boat was swamped, a rescue official said. AFP
      AFP  -  47 words
    • 513 21 Bloomberg [OSLO! Frontline Ltd, the world's biggest oil tanker company, said fourth quarter profit surged sevenfold to a record on higher oil demand as it boosted its stake in General Maritime Corp. Net income jumped to U*****.2 million, or U556.66 a share, from
      Bloomberg  -  513 words
    • 282 21 AP (PANAMA CITY] Shipping companies from 12 European countries and the Americas are to take part in Panamax 2005, an air-na-val exercise based around a hypothetical terrorist attack, the fourth in recent years. An official source said that the exercise "tests not only Panama,
      AP  -  282 words
    • 175 21 [SINGAPORE] DUBAI Ports International (DPI) said yesterday it completed the acquisition of CSX World Terminals for U551,142 billion. The transaction was financed from a US$l.45 billion loan facility arranged and underwritten by Deutsche Bank, it said. The acquisition of the international terminal business of
      175 words
    • 249 21 Bloomberg [SINGAPORE] Oil-tanker rates for shipping 2 million barrels of crude from the Persian Gulf, little changed at two-month highs, may rise further as charterers booked vessels for March amid limited supplies. "There are still plenty of cargoes still outstanding for next month,"
      Bloomberg  -  249 words
    • 116 21 [SINGAPORE] Star Cruises Ltd, the world's third-largest cruise line operator, said its Q4 net loss narrowed to U5537.2 million for the three months ended Dec 31, from US$l39 million in 2003. For the year, the group incurred a net loss of US$9 million
      116 words

  • EDITORIAL & OPINION
    • 511 22 Kyoto a modest step EDITORIAL THE global climate treaty that came into force last week is a small step towards the more ambitious goal of averting an ecological disaster because of global warming. The Kyoto Protocol is intended to reverse climate change by reducing emissions of six gases, most importantly
      511 words
    • 754 22  -  THE BOTTOM LINE ROBERT SAMUELSON The Washington Post Writers Group IT'S always necessary to do the maths. By this, I mean that US journalists need to measure politicians' promises against underlying realities, as represented by numbers. But many reporters detest math. This maths
      The Washington Post Writers Group  -  754 words
    • 1312 22  -  The govt committed itself to reducing it last July; for credibility, it must honour its word By DOMINIQUE DWOR-FRECAUT WE FIND it difficult to share in India's pre-Budget fever. The Indian Budget will reflect government priorities that have been made abundantly clear by
      BLOOMBERG  -  1,312 words
    • 1373 23  -  Disaster management must look beyond immediate reconstruction and enhance development down the road By BENJAMIN LOH ARE countries affected by the recent tsunami disaster trading an ounce of misery now for a pound of suffering later? Although countries have access to liquid funds such
      REUTBtS  -  1,373 words
    • 386 23  -  LETTER TO THE EDITOR Thomas Ling Min Sing Singapore AS the casino debate intensifies, Singaporeans must realise what the debate must lead to. The proponents and opponents of the casino stand so far apart that they are as distant and as diametrically
      FILE PHOTO  -  386 words
    • 1173 23 STRAITS TIMES INDEX STOCKS Stock mm W Obk ftui Stwfc —m W On Iimiui Allgreen SOc 029 1.080 0020 WOL 2.40 1540 ♦0.020 BIL Intl US20c 049 1120 +0.010 OCBC 960 ***** CapitaLand 154 2.420 *0.020 Parirway H 25c 0.72 1*40 -0.030 Chart SemiCond 26c 082 1.140 4)010 People's food
      1,173 words

  • Page 23 Miscellaneous
    • 219 23 CRYPTIC CROSSWORD help 1 Not too bad as a swimmer when inflated! (7) author (6) YESTERDAY'S SOLUTION 2 Summary written in bizarre 14 Fee for work that's sky-high! (8) MivQrl m Q 15 (5) 16 useful if V° u warn the vol- ftSS 10 ?R? 'i? 3 A stuttery way
      219 words

  • 4428 24 SGX MAINBOARP Transaction date: Feb 23 -ae^Se— S A m!T u. SfS."t StS 25.5 5 5716 1st Software 5t 6 c 34.5 15.5 3148 8TelecomUS2c 17 .1 2012 18 17 17 iff -ve 24.3 31 16 1 500 366 395 39 "J 91 97 06 ]33 132 29
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  • Page 24 Advertisements
    • 52 24 maitre de I'horlogerie depuis 1875 j MKmi i Available at: Sole distributor Service Centre: AUOEMARS PIGUET (SINGAPORE) PRIVATE LIMITED. 541 or chard Road #17-00 Liat Towers Singapore *****1. Tel: 6238 6678 Fax: 6238 6676. internet: http://www.audemarspiquet.com N 9ee Ann City Tel: 6733 0618 Lucky Plaza Tel: 6737 4648 Suntec City
      52 words

  • 5806 25 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES tetaolc»«T tott toUSt *<* %y *<** %*r %r f*^ 22 IndM Ofnge Chang* Change Oaoji Own— Chang* World Indei Preliminary 860 f. -03 10 -05 42 01 01 < EAFE Preliminary rSJJ -04 3J -0,1 1.1 05 15 Europe Prefrmnary ***** -05 43
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  • Page 26 Advertisements
    • 1295 26 faJV j f I IMPORT I I NORTH AMERICA Q AUSTRALIA/NEW ZEALAND ~I lei ipcß cuirrri r cydocqc mevi IMFTTMU VL AM* mmlm T Vtssa VOY m SW PKG IOSANGOES EXPRESS 11W05 10/02 17/02 01/03 mVL VOT ONE SYD MB API Htt SW PKG ooa ROTTERDAM 09W04 14/02 06/03 01/03
      1,295 words
    • 77 26 UK CONTINENT SERVICE Loading for SPYROS B RTM/ATW/BMNAJK/NAN EVGENIA RTM/ATW/BMNAJK/NAN Loads Singapore, E-/W. Matayata, Indonwia MIDDLE-EAST SERVICE Loading for SEA UNITY DBI/ABU/DOH/BRN/DMM/KWT PANORMOS PRIDE DBI/ABU/DOH/BRN/DMM/KWT PACIFIC SUN II DBI/ABU/DOH/BRN/DMM/KWT "Loads Singapore, E7W. Malaysia, Indonesia USA SERVICE Loading for HANJIN TAMPA VCW/VCB/LAX/MZL MARY H CAM/N FK/SAV/NOL •Loads EVW. Malaysia, Indonesia F.E./S.E.A.
      77 words
    • 708 26 xwyi) HBcwnwi I m km kb I sm I if "im WW 2VW 21/02 02/03 SIVAITS VBdUK OS/D 5 IS U 04/03 07/03 STUfTC VEKTUK 04/05 15 3.2 12/03 15/03 1'- 1 BOKO mvw umn) HBOHTwi TOK m khm mi IW HOI eg HAI 1 U 41 ~/l1 14/02 IS/02
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  • Page 27 Advertisements
    • 776 27 F o r Trocking, visit on our Home Poge: WWW.molsin.cofrl.a9 www.hombufflsud.tom Aust saviq (txpow) uwk its) 6222-2013 Jtt Jtt «N8tfO«l mSMIK STDWT MUOUMI AHAM smrotf tUSUM STWKT —M—l MBit sqlTl ol4s 07/03 09/H3 12/03 15/03 SOIIUOISS IVC3 04/04 tt/IH WA4 11/ M CAI run HEOS4S 04/03 14/03 IVO3 H/03 H/03
      776 words
    • 875 27 JSSSO JfflL TMTSL HCM HKC KYH _Hfi_ VBSB VOY wF PXG JftMUAK SOL 1/3 2/3 Jfl HEW6YWAMC MIA ~T7T 5/3 KUOLUWG OOtK 1/3 1/3 11/3 MHJMB 075 A IP7T 12/3 GOtDtW GAJI SO4N 1M I 14/1 H/3 NEW DYNAMIC M2A 17/3 lf/3 at% bolti Haiti t WW port wssa VOY
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    • 679 27 WEEKLY EXPRESS SAJUNG SCHEDULE I" ALBO ACCEPTING TO ALL NORTHERN AND WESTERN ICQ POINTS] VBSB I VOT ISW IPJOAM6ICOtO—O |It SKY* I IMJo tamm fore axm nmcaw (vu aouomo) and undua eo*| m n smn cowam mum vas 10 bmh masrom, rotibdam lIA—MI AMD tATT COASTIBA WWWWII«IW«IA«A«UnCWAriI«WA| WmaUBHI twit MFB
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  • Page 28 Advertisements
    • 670 28 UMAI wallenius wilhelmsen websito: http://www.2wglobal.com VISSfI I VOT I HAMf I HOOHT I SIN LK MAO HOW MIA SAY MI Qtl HTC WW MO* TA I A#sos I 4201 ms I 6.4 M I 02/03 24/03 05/04 11/04 13/04 17/04 15/04 It/04 "55/04 TALISMAN Afso6 3201 MS I 6.4 M
      670 words
    • 921 28 resa vor an m jaaa vw ai PACMHPA *****1 35/03 35/01 -M¥UiUL2 J&ft 24M 2Z/K2— 11/ >iuai in«n WCW* *****1 30/03 37/03 —nil wm ti/n m/m mvMk unw >7/n n/n \juhim libz—_L-BZB—l_<*/03 PACMMPA MUM 01/03 ti/n WCMia l4iyw *>/* m/m vtssa sbl si dji PACIAMOA 1410 M 04/03 04/03 [WBfl
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  • THE BUSINESS TIMES SHIPPING TIMES
    • 6248 29 This CTA ETA Advertiser Vessel Voyage Telephone SIN Dcsfn Nome Nine nnwlm Number To ABIDJAN (A8J) 2003 Cote D'lvoire 08/03 17/04 CMACGM CSCL FELIXSTOWE SX115W *****800 It/03 05/04 Del mas GABY DELMAS S15W *****344 15/03 23/04 CMACGM CMACGM MAKASSAR SXI17W *****800 1*03 13/04 Delmas
      6,248 words
  • Page 29 Advertisements
    • 88 29 TUVALU SHIP REGISTRY^ to QUALITY S-ERVICE OUA..TY FLAG 1. Low taxes 5. Accedes to latest international 2. Active role and representation in IMO conventions and regulations 3. Staffed by qualified professionals with 6. Round the clock service many years of experience in ship 7. Worldwide network of surveyors I registration
      88 words

  • BizIT
    • 753 30  -  BT exclusive Top Indian IT company also plans to double its staff and consolidate its Asia Pacific operations here, reports AMIT ROY CHOUDHURY AMIT ROY CHOUDHURY NIIT, one of India's top information technology (IT) companies, plans to double the amount of business it does from
      753 words
    • 162 30  -  By ROLAND LIM THE Singapore Infocomm Technology Federation (SiTF) says it will hold a forum next Tuesday, March 1, on the business outlook for the infocomm technology (ICT) sector. Targeted at management personnel in the infocomm industry, the ICT Business Outlook Forum,' which
      162 words
  • Page 30 Advertisements
    • 107 30 IwiH i iL< I Stay informed competition with Meg@POP. I Be part of the moment I to access all sales my fingers. I need a cost-effective solution can I expand with my growing needs. can orders, process credit ll W Johnny Lm I I I BmJ System Support Officer, I
      107 words

  • PROPERTY
    • 360 31 Residential rentals expected to climb 20% in next two years Bloomberg [HONG KONG] Housing prices in Hong Kong may climb 45 per cent in the next two years as rebounding economic growth drives property demand, fuelling gains in property shares, according to
      Bloomberg  -  360 words
    • 333 31  -  By ANDREA TAN THE Ascott Group, the service residence arm of property giant Capita Land, has secured a contract to manage a new 152-unit service residence in south Jakarta. Somerset Berlian is part of the twin-tower Permata Berlian Residences development in the prime
      333 words
    • 245 31 FRASER Serviced Residences yesterday announced a reshuffling of its management staff for its regional properties. Fraser is the service residence arm of conglomerate Fraser and Neave and has properties in Singapore, Shenzhen, Seoul, Manila, London, Glasgow and Paris. "The moves are part of
      245 words
    • 594 32  -  Law firm will leave UOB Plaza 1; it could save $1 psf in monthly rents By KALPANA RASHIWALA LAW firm Khattar Wong Partners (KWP) is moving from UOB Plaza 1 in the prime Central Business District to Mac Donald House in the
      FILE PHOTO  -  594 words
    • 537 32  -  By ANDREA TAN NOW that the Chinese New Year is over, developers are gearing up to release their projects. Coming up this weekend is City Developments and Trade Industrial Development's Pare Emily, while Hongkong tycoon Li Ka-Shing is slashing prices at
      537 words
    • 845 32 WMjCTNN*/ PROP CONTRACT TENURE BUU4MAND PRICE PSf SllgEir><M<E TYPE DATE AREA*(SQFT) (SS'OOO) (SS> DbtrictOI NON-LANDED The Sail At Marina Bay Apt 12/01/2005 99 2185 2460 1126 The Sal At Marina Bay Apt 11/01/2005 99 689 687 997 The Sail
      845 words
  • Page 31 Advertisements
    • 370 31 I Yon gin LRT Project Metalform Ply Ltd Chine Merchants British Qm I Hokflnge (intomanoral) Telecommunicetione pic Aecendee H Financing of Solicited ll lXMhllHl TTUSt Greenfield Project Saleof aisetsin an LBOtoa Re«nicturing and sate of road aaaets Divestment of 18« (take in Secondary Share Placement ..CM-lteta-lfcMhpmdlc) S»rtM,P«li™W H Oaal Vaki*
      370 words

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