The Business Times, 6 April 2005

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Total Pages: 32
1 32 The Business Times
  • 13 1 THE BUSINESS TIMES siriGA#»wwl®dl at httpi//business-times.asial .com.sg MICA (P) 089/03/2005 Wednesday, April 6,2005
    13 words
  • 722 1  -  Landmark case over corporate disclosure to be heard again on April 26 By WONG WEI KONG [SINGAPORF] IN what is widely seen as a test case for Singapore's disclosurebased regulatory regime, two daughters of the late Khoo Teck Puat were charged yesterday over their
    PHOTOS: TAN SUAN ANN/ST  -  722 words
  • 434 1  -  They think new products less likely to give their companies critical edge: survey By ROLAND LIM [SINGAPORE] Singapore businesses believe that adopting new business models is the key to being more competitive, a survey by the London-based Economist Intelligence Unit
    434 words
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  • TOP STORIES
    • 762 2  -  But Asian carriers seen better placed than American airlines in face of rising oil prices By VEN SREENIVASAN ISINGAPORE] Spiralling oil prices could wreck the global airline industry's fragile recovery and destroy some carriers, particularly in North America. But Asia-Pacific players seem better placed
      FILE PHOTOS  -  762 words
    • 673 2 SGX ready to set up own energy futures exchange THE Singapore Exchange (SGX) may "go it alone" and set up an energy futures exchange here if talks with the New York Mercantile Exchange (Nymex) to set up a joint project don't pan out. BT understands that the project
      673 words
    • 407 2  -  Move attributed to plane shortage, but analysts think otherwise By EDDIE TOH [SINGAPORE] Leading Malaysian budget airline AirAsia has quietly scrapped its service between Bangkok and the southern city of Johor Baru, which is located near to the regional air hub in Singapore. When
      407 words
    • 136 2 sn 2.157.81 (+0.01) ST INDEX FUTURES 2.157.00 (+17.00) SIMSQ 255.10 (-0.30) SIMSa FUTURES 255.00 (+1.10) MARKETS Tuesday Change KLSE COMP 869.81 +2.58 NIKKEI 225 11.774.31 +106.77 HANG SENG Closed SET INDEX 681.66 -0.86 JAKARTA COMP 1.096.53 -3.68 MANILA COMP 1,962.70 -31.66 SEOUL COMP Closed SHENZHEN B 263.22 +1.84
      136 words
    • 693 3  -  SM Goh calls on grouping to speed up FTA talks with Asian neighbours By SHOEB KAGDA in Jakarta THE Association of Southeast Asian Nations (Asean) must position itself to ride on the dynamism of emerging giants China and India, Senior Minister Goh
      LIANHE ZAOBAO  -  693 words
    • 465 3  -  But preference is for a joint venture, says SGX chief By RONNIE LIM [SINGAPORE] The Singapore Exchange (SGX) may "go it alone" and set up an energy futures exchange here if talks with the New York Mercantile Exchange (Nymex) to set
      465 words
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    • 180 2 -t^im -w^^SW ElkFr J TJ--' v V r s r^" dJM w J%m W }$H^k^B9* Kk' iXtfk .^B f Global Corporate Services Company Formation Foreign Direct Investment Virtual Offices Since 1975 OCRA Worldwide has been providing offshore incorporation and administration solutions for Asian and International businesses. We have been at
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  • Page 3 Advertisements
    • 213 3 The fastest way to earn purchases* year round. The American Express* Singapore Airlines KrisFlyer Gold AfdNU: Credit Card is the fastest way to earn KrisFlyer miles dining out and everyday essentials. Each time you use j til. i the Card, you'll receive KrisFlyer miles that bring you closer to your
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  • COMPANY NEWS
    • 482 4  -  Non-disclosure of his stakes in firms came to light after his death By MICHELLE QUAH A NEW chapter has begun in the saga over the nondisclosures of stakes in companies Khoo Teck Puat owned when he was alive. The epic
      482 words
    • 81 4 Bloomberg UNITED Overseas Bank's long-term deposit and debt ratings were cut one level by Moody's Investors Service yesterday. "The downgrade primarily reflects the declining levels of capital supporting UOB's risk assets, as management moves to expand in the region and improve capital efficiency," Moody's said. UOB's
      Bloomberg  -  81 words
    • Article, Illustration
      157 4 M> 21: Khoo Teck toat cfes. March 18: Mr Khoo's trustees reveal he had not fully disdosed his stakes in Goodwood Park Hotel, Central Properties and Hotel Malaysia. March 19: SGX gives the three companies seven days to provide more information. March 2ft It emerges that Khoo
      157 words
    • 693 4  -  HOCK LOCK SIEW By ANGELA TAN A FEW days after veteran banker Wee Cho Yaw's United Overseas Bank (UOB) planned the divestment of a 34.74 per cent stake in United Overseas Land (UOL), analysts were quick to praise the proposal for its simplicity. The
      693 words
    • 378 6  -  Japan fund to invest in properties, 2 China funds for devt opportunities By ALEXANDRA HO AFTER the closure of its Capitaßetail Japan Fund, Singapore's property giant Capita Land is planning to start three more property funds one in Japan and two in
      378 words
    • 414 6  -  By TEH HOOI LING GREATRONIC, which is in turmoil following reports of suspected fraud at its Malaysian subsidiary, has appointed a financial adviser to help it evaluate restructuring options. "Prime Partners Corporate Finance has been appointed to provide financial advisory services to the board
      414 words
    • 292 6  -  By SIOW LI SEN OCBC bank yesterday said it has gained 51 per cent control of Bank NISP, the first Singapore bank to gain a majority stake in an Indonesian bank. It paid $186 million for an additional 28.5 per cent in Bank
      FILE PHOTO  -  292 words
    • 398 6  -  By CHEN HUIFEN SUN Business Network (SBN) looks set to become a key piece of Bruno Wu's plans to create an integrated media group, with a partnership that will give it immediate access to a base of close to 40 million potential
      398 words
    • COMPANY BRIEFS
      • 46 6 GLOBAL Active's chief financial officer Benson Lim has resigned less than four months after his appointment in December last year. Global Active said it has, in the meantime, appointed a consultant to oversee the financial functions of the group.
        46 words
      • 71 6 ACCORD Customer Care Solutions (ACCS) said the Singapore Exchange has granted it an extension of two months to June 30 for it to hold its annual general meeting (AGM) ACCS cited ongoing investigations by the Commercial Affairs Department and PricewaterhouseCoopers which may require the company
        71 words
      • 93 6 LEONG Hin Holdings has appointed Omega Capital Ltd as independent financial adviser in relation to the mandatory conditional cash offer made by its executive director Raymond Ng. Last week, Mr Ng made an offer to buy the remaining shares in construction and property group Leong
        93 words
      • 108 6 COURTStAntted. y Singapore's largest furniture, electronics and IT retailer, has appointed Seet Ai Mee as chairman of the board, effective yesterday. Dr Seet took over from Bruce James Rodney who resigned. Stuart Purves Miller and James Edward Friel were also appointed non-executive director
        108 words
      • 59 6 Fraser and Neave has, through its wholly-owned subsidiary, F&N Dairy Investments, entered into a warrants purchase agreement with Winner International Investments to purchase 32.2 million warrants issued by China Dairy Group Ltd to Winner. The warrants, China Dairy Group Ltd WOBOlO4, were issued by China
        59 words
      • 191 6 NO firm offer has been made for the part of Ngee Ann City and Wisma Atria which Pacific Star Asset Management manages. Pacific Star said this in response to media reports that Sun tec Reit was offering $1.4 billion for the part of Ngee
        191 words
    • 375 7  -  Earnings results still seen as below expectations due to tough competition By AL LABITA in Manila IN an annual report to stockholders, Globe chairman Jaime Augusto Zobel de Ayala II cites the company's wide array of services which, he says, enabled it to stay
      BLOOMBERG  -  375 words
    • 320 7 Bloomberg [SYDNEY] Thakral Holdings Group chief executive John Hudson said he is considering bidding for the 10 hotels in Australia, New Zealand and Fiji that the Intercontinental Hotels has put up for sale. "We're interested," Mr Hudson said. "The hotels are a hot asset." The
      Bloomberg  -  320 words
    • 233 7 Bloomberg [SYDNEY] Singapore Telecommunications Ltd's Optus unit is planning to spend about AsBo million CS$lOl.9 million) on a high-speed network in Australia, threatening the biggest revenue source of main rival Telstra Corp. Optus will install Asymmetric Digital Subscriber Line (ADSL) equipment in as
      Bloomberg; SINGTEL  -  233 words
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    • 1199 4 iinii n,|hi ii t MEDI-FLEX LIMITED ■i i loriMcaou. (IncorporahKfiniheiJepoblk of Singapore) Company Registration No: *****2754H NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the Annual General Meeting of MEDI-FLEX LIMITED will be held at SGX Auditorium, 2 Shenton Way, #02-00 SGX Centre I, Singapore *****0 on Tuesday,
      1,199 words
    • 1353 4 Ip- China Cast Communication Holdings Limited China Cast NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of China Cast Communication Holdings Limited will be held at Galleria 3, Level 3, Grand Copthorne Waterfront Hotel, 392 Havelock Road, Singapore *****3 on Thursday, 28 April 2005
      1,353 words

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    • 402 5 <IBNI 31 r—f£yl& l "mm ife*' :V s I^^l Ib Mp> HE ww" I BtiSiflßn fsyjpßr m^>l V J I ./^IhHH IPPiPiVIiHIII Experience the unrivalled advantage of a It takes the strong partnership of a jewellery designer and a craftsman to turn designs into works of art. Similarly it takes
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    • 149 7 i U Ei We know how unexpected costs and unfavorable currency fluctuations can affect your business. DHL Import Express gives you transparent costs that are fixed in your home currency, so you get one invoice from one company. Whether you're shipping between countries or importing from a choice of over
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  • SINGAPORE MARKETS
    • 678 8  -  STOCKS Listless, subdued market that traded thin yesterday reflects diverse and confusing views about its prospects R SIVANITHY Senior Correspondent IS IT time to get out of equities? Or does the current weakness present the shrewd trader with a decent
      FILE PHOTO  -  678 words
    • 735 8 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS Subsantial No of Price SHAREHOLDING Shareholder Buy Shares Per Belorc After Stocfc Tram Date Director Se|| |000 Shr S COOP) ('000 LafeTech S-Apr-05 Ho Wing-On Buy 220 0 19 ***** 2.36 ***** 2.38 LeongHin 4-Apr-05 Raymond Ng Ah Hua OE ***** 0.26 ***** 23.10
      735 words
    • 234 8 TAY KwangThiam, substantial shareholder of stockbroking firm GK Goh, pared his direct stake from 2.51 per cent to 0.17 per cent in the company by selling 8 million shares of GK Goh in the open market on Monday. Mr Tay's total direct and
      234 words
    • 291 8  -  Compiled by R SIVANITHY Neptune Orient Lines April 5 dosing $3.86 ÜBS INVESTMENT RESEARCH. April 4 NEPTUNE Orient Lines reported flat container volume growth and slightly higher freight rates for the period Feb 12 to March 11. But the timing of Chinese New Year distorted January and February
      291 words
    • 489 8 CURRENCIES Reuters [LONDON] The US dollar struck new five-month and two-month highs against the" yen and euro yesterday, on expectations that the US Federal Reserve could raise interest rates more aggressively to ward off inflation. Federal Reserve chairman Alan Greenspan was due to
      Reuters  -  489 words
    • 292 8  -  CHART POINT By ROHAN SUPPIAH, KEN TAI OCBC Investment Research THE STI looks to be trading sideways for the week, with an upside bias, possibly gathering momentum to test two key resistance levels in the near term. Be warned that
      292 words

  • SINGAPORE NEWS
    • 526 9  -  Users will be charged only for capacity and time used on machines By RAJU CHELLAM in Armonk, New York SINGAPORE companies and research institutions needing high-intensity computing power can now rent a supercomputer at about US$lO,OOO a week, instead of having to pay
      ARTHUR LEE  -  526 words
    • 463 9  -  By CHEN HUIFEN PRE-IMPLANTATION genetic testing for gender selection of babies will continue to be prohibited in Singapore under guidelines introduced by the Bioethics Advisory Committee (BAC) yesterday. "I think most Singaporeans would agree that we do not want a situation where people
      463 words
    • 196 9 THE Economic Development Board's panel of international advisers will hold its eighth meeting in Singapore over the next three days at the Oriental Hotel. The three-day programme, which ends on April 8, will be chaired by Deputy Prime Minister Tony Tan, who
      196 words
    • 418 10  -  Republic is still one of its three key global hubs, it says By RONNIE LIM CHEVRONTEXACOS US$l6.4 billion purchase of oil exploration/production company Unocal Corp, which will increase its oil and gas reserves in Asia, has little direct implication for its Singapore operations once
      418 words
    • 278 10 THE transport services industry's 2003 operating surplus was 19.6 per cent higher than the previous year's, at $8.2 billion, says a survey on the industry released by the Department of Statistics (DOS) yesterday. There was strong growth in water transport, particularly shipping lines and
      278 words
    • 420 10  -  By DANIEL BUENAS GLOBALISATION may have complicated international security for countries, but it can also serve as a basis for closer cooperation by multiplying shared interests between states, Defence Minister Teo Chee Hean said yesterday. Speaking at the inaugural conference of the
      FILE PHOTO  -  420 words
    • 267 10 HSBC Bank is offering to teach the leaders of small and medium enterprises (SMEs) how to implement environmentally responsible business practices. The bank is planning a series of free half-day seminars, titled Living Business. aimed at helping the businesses implement socially and environmentally responsible practices.
      267 words
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      41 words

  • Page 10 Advertisements
    • 1959 10 Notices INTERRA RESOURCES LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. *****0166Z) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Interra Resources Limited (the "Company") will be held at 7 Shenton Way #02-01, Singapore Conference Hall, Singapore *****0 on 21 April
      1,959 words

  • ECONOMY WATCH
    • 813 11 Soaring costs could undermine much of the economy's recent progress AP (ATLANTA) As oil prices once again hit a record high on Monday, economists worried that soaring energy costs could undermine much of the US economy's recent progress. Although the country
      AP  -  813 words
    • 197 11 Bloomberg [WASHINGTON] The US Commerce Department has begun an investigation of imports from China of trousers, knit shirts and underwear, following a first-quarter surge in those imports. Imports of trousers jumped 1,500 per cent in the first three months of this year from the same
      Bloomberg  -  197 words
    • 2812 11 VOL Fraser&Neave 5.20 0 05 11 IM W- COOP) FSBM 1.18 unch 29 FTEC Resources 0.26 -0 03 697 A 4 M Realty 165 unch 16 Furqan Bus Org 0.31 0 01 1335 At)rK 040 001 113 Gadang 1.39 -0.01 2190 ACP Industries 101 0 02
      2,812 words
    • 479 11 AFP [WASHINGTON] Is real estate another bubble ready to burst? Experts are cautiously watching the red-hot US housing market, but remain divided on the likelihood of a crash that could be a devastating economic blow. On a national level, home prices last year
      AFP  -  479 words
  • Page 11 Advertisements
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  • MALAYSIA/INDONESIA
    • 377 12  -  But tech park CEO sees countries as partners, not rivals By LIZA LIN SINGAPORE'S semiconductor industry could face competition from Kedah the "wafer fabrication capital of Malaysia". The Northern Malaysian state is home to two of the country's three wafer fabrication plants and
      377 words
    • 364 12 Reuters [SYDNEY] Indonesian President Susilo Bambang Yudhoyono declared "war on corruption" yesterday in a bid to encourage Australian businesses, particularly miners, to invest in his nation. Speaking to business leaders here, Mr Yudhoyono said Indonesia was becoming a more favourable place for investment under his leadership,
      Reuters  -  364 words
    • 369 12 (JAKARTA] Indonesia's mutual funds have been haemorrhaging money as investors switch to other assets in the face of rising interest rates and regulatory changes, the Financial Times reported yesterday. Total mutual fund investment in the country fell 7.66 per cent last month to
      369 words
  • Page 12 Advertisements
    • 2037 12 Notices rtXb AQuA TERRA Supdlv Co. Limited (Incorporated in the Republic of Singapore) (Company Registration No.: *****0108 D) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the Fourth Annual General Meeting of the Company will be held at No. 2, Sixth Lok Yang Road, Singapore *****0 on Wednesday,
      2,037 words
    • 792 12 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF BESTROMONT INTERNATIONAL PTE LTD (In Members' Voluntary Liquidation) Company Reg. No. *****6495K NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the Company held at 77 Robinson Rood #32-00 SIA Building Singapore *****6 on the 30th
      792 words

  • GREATER CHINA
    • 360 13 300 biggest China counters in one index for 1st time Reuters [SHANGHAI] China will start a common share index on Friday, grouping its largest domestic stocks such as top Asian oil refiner Sinopec Corp, taking a step towards the launch of longawaited index
      Reuters  -  360 words
    • 304 13 [HONG KONG] Hong Kong's economy faces a "double whammy" from the steep cycle of rising interest rates now under way, and the first sector to be hit will be property, the South China Morning Post reported analysts as warning. The warnings
      304 words
    • 274 13 [HONG KONG] China has pushed the pause button on its cautious opening of the film and television sector to foreign investment as more conservative management at the country's media regulator examines whether some overseas companies are pushing the industry's reforms too
      274 words
    • NOTE BOOK
      • 75 13 Bloomberg [MUMBAI] Bharti Tele-Ventures Ltd, in which Sing Tel has a 28.5 per cent stake, will increase its spending by almost a 1 Oth this financial year to expand. India's second-largest mobile-phone company will spend US$9OO million in the year ending March 31, 2006, Joint
        Bloomberg  -  75 words
      • 63 13 Bloomberg [NEW DELHI] Indian Finance Minister P Chidambaram said the government will proceed with plans to increase the overseas investment limit in local insurance companies. "It's our intention to raise the foreign equity limit in insurance companies to 49 per cent from
        Bloomberg  -  63 words
      • 99 13 Bloomberg [KUALA LUMPUR] Golden Hope Plantations Bhd, a Malaysian palm-oil company, said one of its main shareholders is seeking to block a plan to swap the company's stake in a property unit for Island Peninsular Bhd's plantations. The Employees Provident Fund, Malaysia's largest pension fund,
        Bloomberg  -  99 words
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  • INDIA
    • 500 14 China's economic zones have edge over India in outsourcing: study [NEW DELHI] About 3.3 million service jobs in the US are estimated to move offshore by 2015, says a report in The Financial Express. citing a study by Peter Haug
      500 words
    • 641 14 Bloomberg [NEW DELHI] India's tourism industry is expected to expand at 8.8 per cent, the third fastest in the world, over the next 10 years as local and overseas travel is boosted by economic growth. The growth of the tourism industry in Asia's fourth-largest
      Bloomberg; M BALAN  -  641 words
    • 279 14 [MUMBAI] 3i, the private equity investor, has emerged as the mystery front-runner negotiating to acquire a minority stake in Indiatimes, the online arm of Bennett Coleman, India's largest media group, reports the Financial Times, citing sources. According to the
      279 words
  • Page 14 Advertisements
    • 1368 14 CDW Holding Limited (Bermuda Company Registration No. *****) (Incorporated in Bermuda) NOTICE IS HEREBY GIVEN that the Annual General Meeting of CDW Holding Limited (the "Company") will be held at Carlton Hotel Singapore, Level 2, Connaught Room, 76 Bras Basah Road, Singapore *****8 on Thursday, 28 April 2005 at 3.00
      1,368 words
    • 1465 14 TechcomT TECHCOMP (HOLD NGS) LIMITED Notice of Annual General Meeting NOTICE IS HEREBY GIVEN that the Second Annual General Meeting of the Company will be held at Belimbing Room, Level 2, Singapore Marriot Hotel, 320 Orchard Road, Singapore *****5 on 29 April 2005 at 10:00 a.m. to transact the following
      1,465 words

  • ASIA-PACIFIC/WORLD
    • 415 15 Shares of UK liquor maker up as much as 19% on news of potential offer Boomberg IPARISI Pernod Hicard of France and Fortune Brands of the l;S may team up to buy British liquor maker Allied l>orniH-q Shares of Allied Domecq jose
      Boomberg  -  415 words
    • 300 15 AFP I WASHINGTON J Fifteen years after the US devised a visa category granting permanent residence for immigrant investors. there have been only a few takers, mostly Asians, while others are put off by rigorous procedures and the long delay
      AFP  -  300 words
    • WORLD WATCH
      • 63 15 AP |BAN(iR()K| Fears that Islamic militants in Thailand's far south artexpanding their reach were again raised yesterday, when suspected Muslim separatists killed a local official in southern Songkhla province where recent bomb blasts left at least two dead and do/ens wounded Two unidentified assailants
        AP  -  63 words
      • 81 15 Bloomberg INFW YOKKI Billionaire in\ estor Warren BufTett's re-election to Coca-Cola Co s board should be opposed bv shareholders because his business ties pose a conflict, the biggest adviser to funds on proxy votes, said yesterday. "We maintain our position that Mr HufTett shouldn't
        Bloomberg  -  81 words
      • 54 15 Ford may lay off 1 ,000 white-collar workers AFP IDKTHOIT. Michigan I Ford may cut 1 .(MM) white-collar jobs in the I'S, according to an internal letter to employees. Ford president for the Americas dreg Smith wrote that Ford was struggling to cope "with some serious challenges", including tough competition
        AFP  -  54 words
    • 449 15 Bloomberg |BAN(.kOK| Thailand plans to set up an investment holding unit modelled on Singapore's lemasek Holdings l*te to manage state assets and help fund a I 'SS.'tX billion government plan to build subways, railroads and irrigation works The plan comes as Prime Minister Thaksin
      Bloomberg  -  449 words
  • Page 15 Advertisements
    • 2709 15 Xolices A EASTGATE technology ltd (Incorporated ,n Republic of Smgopore) Com pony Reg No *****5519R EaslGatc NOTICE OF ANNUAL GENERAL MEETING NOTICE IS Hf Rf BY GlVf N tKat the I iheentti Annual Generol Meeting o' tfie Company will be Held at toMwood Room. Swuvotel M*fchonl Court. 20 Merchant Rood
      2,709 words

  • Page 16 Advertisements
    • 3649 16 Notices SC GLOBAL DEVELOPMENTS LTD (Company Registration No. *****2459K) (Incorporated in Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Twenty Seventh Annual General Meeting of SC Global Developments Ltd will be held at 10.00 a.m. on Thursday, 21 April 2005, at Sheraton Towers, Pearl Room, 39
      3,649 words
    • 1206 16 0 MACOUAM MACQUARIE BANK LIMITED NOTICE TO WARRANTHOLDERS To: All Holders of 30,000,000 European Style Cash Settled Call Warrants relating to the ordinary shares of Singapore Technologies Engineering Limited issued by Macquarie Bank Limited expiring on 12 September 2005 (the "Warrants"). Notice is hereby given by Macquarie Bank Limited in
      1,206 words
    • 366 16 In the Matter of the Companies Act, Cap. 50 And In the Matter of KDLC LEASING SINGAPORE PTE LTD (IN CREDITORS' VOLUNTARY LIQUIDATION) CO. REG. NO. *****3093 C NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of KDLC Leasing Singapore Pte ltd "the Company" and a Meeting or Creditors held
      366 words

  • WORLD
    • 568 17 Move comes after calls from shareholders for CEO to resign Bloomberg AP [NEW YORK] Bowing to pressure from shareholders and former executives. Morgan Stanley's chief executive officer Philip Purcell plans to spin off the Discover credit card unit to focus on the securities
      Bloomberg; AP  -  568 words
    • 202 17 Bloomberg [LONDON] Klaus Tschira, one of the five founders of software company SAP, sold stock worth about 600 million euros (551.27 billion) in the company to raise funds for his foundation that supports science projects. Mr Tschira said he sold five million
      Bloomberg  -  202 words
    • 239 17 Bloomberg [NEW YORK] Yahoo! Inc's chairman and CEO Terry Semel made US$23O million last year exercising stock options granted in previous years, the company said. Mr Semel's salary of US$6OO,OOO didn't change from 2003, the company said on Monday in a Securities and Exchange
      Bloomberg  -  239 words
    • 579 17 AP [NEW YORK] Wal-Mart Stores retained the top spot in Fortune magazine's 2005 ranking of the 500 largest publicly traded US companies, but soaring commodity prices led to big gains in revenues and profits for oil and metal producers. Similarly, last year's
      AP  -  579 words
  • Page 17 Advertisements
    • 2878 17 EASirECH EASTERN ASIA TECHNOLOGY LIMITED (Co. Reg. No. *****8484 D) (Incorporated in the Republic of Singapore) NOTICE IS HEREBY GIVEN that the Seventh Annual General Meeting of the Company will be held at TDB Room, Lower Lobby, The Fullerton Hotel, 1 Fullerton Square, Singapore *****8 on Friday, April 22,2005 at
      2,878 words

  • AVIATION
    • 592 18 Official says trick will be keeping momentum going past usual peaks Bloomberg [SEATTLE] Boeing Co, which delivered fewer planes than Airbus SAS for two years, said it expects to beat its larger rival in 2005 in getting orders for commercial aircraft, as
      Bloomberg; BLOOMBERG  -  592 words
    • 303 18 Bloomberg [NEW DELHI] Air India Ltd, the nation's biggest overseas airline, will lease five planes by July to increase flights to the US and European cities. The airline will lease two Boeing Co aircraft and three Airbus SAS planes,
      Bloomberg; AFP  -  303 words
    • 329 18 Reuters [BRUSSELS] The European Union (EU) and the United States have both declared their readiness to resume talks on subsidies to aircraft rivals Airbus and Boeing but have not set a date ahead of a looming deadline for
      Reuters  -  329 words
    • 196 18 AFP [COLOMBO] National carrier SriLankan yesterday announced a floating mechanism to adjust fares in keeping with sharply increasing international oil prices. SriLankan spokesman Chandana de Silva said a fuel surcharge levied by the airline would be further increased after the latest surge
      AFP  -  196 words
    • 330 18 Bloomberg [MANILA] Air Asia Bhd. South-east Asia's biggest discount carrier, said its flights to the Philippines, which started yesterday, will service 300,000 passengers annually. "We want to bring Malaysians, Thais, Indonesians here," Air Asia chief executive Tony Fernandes told reporters yesterday in
      Bloomberg  -  330 words
    • 418 18 831 planes maybe affected under new FAA safety proposal Bloomberg [WASHINGTON] US airlines must replace insulation on 831 Boeing aircraft at a cost of US$33O million to cut the risk of fires, under a rule proposed by the Federal Aviation Administration (FAA). Airlines would
      Bloomberg  -  418 words
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    • 403 18 Call (rt-fret **********2 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SYSTEMPLAS (SINGAPORE) PTE LTD (In Members' Voluntary Liquidation) Reg. No. *****4094N NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the abovenamed Company duly convened and held at 8 Lorong Bakar Batu #03-04/06
      403 words

  • SHIPPING
    • 661 19  -  Single-hulled tankers may be detained or denied entry, it says By DONALD URQUHART {SINGAPORE] Singapore has warned it may deny entry or detain tankers already in port should they fail to meet the provisions of the revised Marpol Convention on single-hulled
      661 words
    • 311 19 Bloomberg [NEW YORK] Evergreen International SA, the Taiwanbased container shipping company, pleaded guilty to 24 criminal charges of illegally discharging oily bilge water into international waters and will pay US$25 million in fines and community service grants, the United States government said. The
      Bloomberg  -  311 words
    • 666 19  -  STRAIT TALK By DAVID HUGHES A PHILIPPINE woman who had been working on an Irish-flag ferry as a beautician flew home recently US$l7,OOO the richer following union intervention in a dispute with her employer. Salvacion Orge had refused to leave the Irish-flag Isle of Inishmore.
      666 words
  • Page 19 Advertisements
    • 284 19 <• v V .'jt'-'-llj f't ■/.>. r >' 5 v "Xu Time is running out on your chance to make 5.6k in one evening. .vj S 'j. >r\ 1 You still have time to achieve this Apart from the obvious health and Wtm tow it tiKc? figure. How? Simple, just
      284 words

  • EDITORIAL & OPINION
    • 517 20 EDITORIAL THI upcoming visit to Now Delhi by Chinese Premier Wen .liahao later this week promises to be yet another step forward in a warming bilateral relationship that is of potentially huge significance to the rest of Asia. The visit looks set to build on
      517 words
    • 758 20  -  THE BOTTOM LINE FRANK CHING THE death of Pope John Paul II underlines the gulf that still exists between the Roman Catholic Church, with about a billion adherents, and the People's Republic of China, with a population of 1.3 billion people two of the
      758 words
    • 844 20  -  Nationalist movements around the world do not always herald the rise of democracy LEON HADAR Washington Correspondent AS A Washington-based pundit with some foreign policy credentials, I frequently receive phone rails from secretaries-under-pressure of a deadline who book 'experts' like me
      REUTERS  -  844 words
    • 1480 21  -  The much-vaunted Global Partnership for Development seems to be more of a mirage than a reality By APARNA SHIVPURI THERE is no denying that the developed countries are aware of the socio-economic development scenario in developing and least developed countries. Nonetheless, what leaves one baffled is the
      AFP  -  1,480 words
    • 1140 21  -  LETTER TO THE EDITOR Ricky Ang Gee Hing. Executive Vice-Chairman and Managing Director. Sun Business Network Ltd THE Board of Directors of Sun Business Network Ltd refers to "A case of aggressive accounting practice" (BT, March 12). The Board wishes to clarify the following statements
      1,140 words

  • Page 21 Miscellaneous
    • 288 21 CRYPTIC CROSSWORD ACROSS over (6) 7 Con man has a big cat they 4 2? nkey upset 7 j y 1 Toms mare(B) 8 Sole caught in a cove? Non- s!f d .f take shl P' s ™9 azine sense' (7) 10 To wiggle one's hips is the 6 9®
      288 words

  • 9917 22 SGX MAINBOARD V} l»1 (M* l«OM> fclON CM. G>TW MM l«4> I 96 55 tgp mi M0I i— tagm M» s r> m m l"! 4 w I i H < HJ l '5 l »*•<• ow iTVi '7td m 17 17 ||t i» j» )t 1 7J
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  • 6286 23 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES in local curt In Si to USS S dy Kyi S dy yr dy *3' ln<W» Change Chang* Chang* Chang* Charge Change Wo*1 Pfft<noe<y 8488 -03 04 Oi 0.5 <18 25 tAii PitttWf mo 04 2S OS 01 -1J -1.9 b«pe?reWiiMiy '0946 05
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  • Page 24 Advertisements
    • 2055 24 I TO USA/CANADA I EXPORT 1 I OTHER DESTINATIONS I [vessel |VOY ntG ETAS»«| LONGkach| dauas| hoostow| wtmpwrs |chkago| MEW TOKK TO AUSTRALIA (AUSTRALIA ASIA EXPRESS) P&O NEDLLOYD KOBE 47EM 05/04 06/04 22/04 28/04 29/04 27/04 27/04 30/04 VESSIL YOY ETA SIN PKG rat mc 000. ATLANTA 02E15 12/04 13/04
      2,055 words
    • 876 24 IINTERASIA RORO SERVICE VBSa/VOT MMfgl) HBGHIW KG KM IP SW JKT STMITS VEMTUtE 0//05 15 3? 2* 27/03 M/ 03 03/04 06/04 06/04 STRAITS VENTURE OS/OS IS 3.? 11/04 13/04 STRAITS VEWTUKE Of/OS 15 3.? 22 23/04 25/04 30/04 03/05 05/05 I AUSTRALIAN RORO SERVICE vtssa/vor kawukt) hbgwiw 10 |sw
      876 words

  • Page 25 Advertisements
    • 1158 25 MOi Combines C a rang* ct shipping mocks to «nsurs timely, reliable services cowing major ports in ;> n,,, a, A r *r.;,,, r worm A/nonco, turopv; Jopon, AsiQ; Africa w wc6ania« Also oct«ft hrira-Asia Cn|M Ik SUSAN KWANGYAN6 SHANGHAI YAMTIAN XIAMEN QMGDAO lELAWAN/ JAKARTA SURABAYA KAOHSMtG lANOKO* LAIM CHARAMG
      1,158 words
    • 1220 25 VESSEL VOT SIN JKT HICG l KHH l IWC KYH PUS VESSEL VOY SIN JICT SUB HUG DSN PUS HY BRIDGE 097S 7/4 9/4 14/4 14/4 18/4 20/4 M/ 4 KMK SHANGHAI SPSS 10/4 13/4 14/4 lf/4 23/4 24/4 Iff VLADIVOSTOK IS7S 14/4 16/4 21/4 23/4 2S/4 27/4 27/4 KMTC
      1,220 words
    • 721 25 w aoa WEEKLY EXPRESS SAILING SCHEDULE I ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICD POINTS I VESSEL I VOY ISM |p.iaAN6|cOLOMOo|N.SHCVA ICOLQMOO I lII[ I 1 I AISO ACCEPT** Fa TO COM* TUTKOtM (VIA COIOMO) AND KANOiA I GOAI (VIA N SMVA) CONNKTM6 MOTHB VSIS TO WOK (FHJXSTOWE, ROTTERDAM*
      721 words

  • Page 26 Advertisements
    • 794 26 ImAI wallenius wilhelmsen website: http://www.2wfllobal.(om I' VESSEL VOY RAMP HEIGHT I SIN IK MAO HOU« WUA SAV »AL OOF NYC HEW Mot TAPKHA AfSOS 400 Tons 6.3 M I 10/04 10/05 IS/05 19/05 17/05 21/05 TAMPERE A 1512 4001 ms 6.3 M I 29/04 07/05 10/06 16/06 14/06 TAMPA I
      794 words
    • 1261 26 ViSStL VOY SjN POU vkm voy Of 2301 01 OOP 30/03 31/03 M Mr rnmi uiau TTTT: Ml Bilittil 121 31/03 UM PACIANDA 1439N 02/04 03/04 tu/M nt/M PACIANDA 1440W 03/04 04/04 1 07/04 c» 2301 0102P 03/04 03/04 PAC lANDA 1441N OS/04 05/04 CSf 2301 0103P 06/04 07/04 INWBMI
      1,261 words
    • 58 26 5 WINSTAR SHIPPING PTE LTD Ca. Im N*. 1WN4527N WINSTAR LOGISTIC PTE LTD C*. tap M*. IW«040I16 SIN BATAM BATAM LINER 6 Sotngi WMkly (Mm Sot) Looting ol Juroog Port, J2 Door to Door FCL/LCL/ Convontioiial Cargo TUO ft BARGE CHARTERING, PROJECT CARGO fttdt unrig hr pr+ticmg, frp.rfgrt, k Uomk
      58 words
    • 636 26 BSA x MYANMA five star line (MvaMor National Una) Loading for Yangon VESSEL VOY SIN PU PIN PGU PAGAN 341W SID HPA-AN 337W 11/04 IN MALAYSIA: IOUSTEAD SHIPPING AGENCIES KUI/PKI: 03-*****3 M PIN: 04-***** IS MACCEPTINB CONVENTIONAL CBO HKG SIN HKG SM PGU PU KUC MEERKAT 44 SU> SU> SU>
      636 words

  • Page 27 Advertisements
    • 1080 27 /I Spore Ag«nts: lAL SMapfa) Agency Pto Ltd (CR NO: 16S*****000Z) VJ F i'm/ic 180CecS^treil,ltT-03 Bonokol Bont Building. Singapore *****6 CisHTCI*CIS Id ItXQS Tel: 6323-6466/77 Fox 6323 6433 Website: www.iitorasialiiei.coa SUPER EXPRESS SERVICE TO HONO KONQ A JAPAN vtsstt jvoY osk iot smTTtyo you hko hOscm vmr wr mmmostm m
      1,080 words
    • 391 27 I E P CARRIERS Ixl MYMIMM IIMISS iIBYICI WHMT FIXtD DAT SAI ING SIMGAPOtI PO»T >lAMG TANGON IVHKI VOT SINI W TGH GgHOWG 2UH il/MIHU M/M MOW M/Mm TAWGOWSTA* 376N M/04HH 11/04 WOW H/04HM gBHPNQ SOW 15/04 FW U/04 MOW 22/04 FM TAWGOW STAR ***** 22/04 HI 25/04 MOW W/04FRI
      391 words
    • 1052 27 /~T~ DH7 I lIVICC MAIN: TH: 6221-1333 FAX; (221-5272 /rjy WmJuL LI 111 CO p. •■■■■waifcttti-aHiMfcttMm /€mj€m\ SINGAPML TONGJOO SHIPPING PTfITD CR NO *****MOOOO( E dfc Wofcit*: www.pdzlMs.ciMi m»ui cotrT/mnttw hwkh nem w, utr turn, huh wmh to miurtu, mmhhi, mtmmui urn wmmi ivtssa Ivor"raswlKCH "ii~ vtssa voT"rasiilir" vpstT vot
      1,052 words
    • 340 27 Liner br»okbulk tarvice S.t. Asto/USA vice vrto SPECIALISE IN HEAVY LIFTS A PROJECT CARGO DmOHw ■V INDUSTRIAL CENTURY M April krtn-A*. te.tr*. Fnta (Ml f/W Atria, lIS Ml HOUSTON D«I4HM MV NHUSTMAI CHAMP 14/04 Hw^i. t Skm+4. tqm. i*m, TAnkhmAda Olhtn port* in USA, Mexico, Corribeon A South Amtrica on
      340 words
    • 463 27 ■Piffifli TIGER S£A 272N 08-09/04 15-17/04 22 23/04 ■MUUMTIGEKSKY 273N 12-13/04 19-21/04 26-27/04- WTTTT™ TIGER WAVE 274N 15 1 6/04 22 24/04 29-30/041 ■■MM TIGER PEARL 275N 19 20/04 26 28/04 03-04/05-1 m K* 276W 22 23/04 29-01/05 06-07/05. ■MHRM DONG FORTUNE 038 09-09/04 16-18/04 26-27/04 ■UUIbB ACHIEVER 168 15-16/04
      463 words

  • THE BUSINESS TIMES SHIPPING TIMES
    • 7489 28 ETA ETA Advartoar Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Desfn Name Nan* Number N l—fall SIN Dest'n Name Name Naaker Number >- f iv< To ABIDJAN (ABJ) 2003 Cote D'lvoire 214 Ji bahadur shastr 91 si/ran" 14/04 27/05 ChmaShpg NEW
      7,489 words

  • MOTORING
    • 661 29  -  Nissan returns to second spot with 18% market share in Q1 Reports by SAMUEL EE THE ageing Nissan Sunny has surprisingly overtaken the Toyota Corolla Altis to become the most popular car in the first three months of 2005 and together with the new Nissan
      661 words
    • 612 29  -  It registers 1,114 cars in Q1, almost 25% of '05 target By SAMUEL EE KIA registered 1,114 cars in the first three months of 2005. And authorised distributor Cycle Carriage Kia predicts the Korean brand is on track to post another 50 per cent increase this
      612 words
    • 617 29 NISSAN will continue to offer Japanese-made cars for at least the next few years, said authorised distributor Tan Chong Motor Sales, and this is what its customers say they want. Tan Chong's stunning first-quarter sales set a new record for the company, surpassing the previous benchmark
      617 words
  • Page 29 Advertisements
    • 938 29 TT £i YEO HIAP SENG LIMITED (Company Registration No. *****0138Z) (Incorporated in Singapore) NOTICE OF AWMUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Forty-ninth Annual General Meeting of the Company will be held at Meeting Room 2, Level 2, Albert Court Hotel, 180 Albert Street, Singapore *****1 at 3.00
      938 words

  • EXECUTIVE MONEY
    • 1275 30  -  YOU AND THE TAXMAN CINDY LIM and RUSSELL AUBREY revisit the rules for unutilised tax losses and capital allowances CINDY LIM and RUSSELL AUBREY By ERNST YOUNG MERGER and acquisition (M&A) deals in Asia jumped 7 5 per cent in value in the first quarter, according to
      By ERNST & YOUNG  -  1,275 words
    • 338 30 Source: S&P Global bond markets have had a bit of a tumble after Federal Reserve chaiiman Alan Greenspan expressed puzzlement over the recent dedine in US long-term bond yields in the face of successive hikes in the US Fetfdfccount rate After inching dose to the 4 per
      Source: S&P  -  338 words
    • 4897 30 UNIT TRUSTS FUNDS Malaysia EqtySGD!** 0.998/ Malaysia Eqry USD 0:599/ ARM A-™, Atut Mflf rnn«) UP Gu aPWj 5 0,1 1.*****/ M9,(Spore) UP G'teed 5 02 1 *****/ s»f£S£b2i UP G'teed 7 0/2 1 *****/ SEJZEt UP G'teed Fund 5.0/3 1 *****1 S JJ*{ UP G teed fund 7 0/3
      4,897 words
    • 771 31 LETTER TO THE EDITOR We refer to the article titled "Satisfaction not guaranteed" written by Genevieve Cua that appeared in the Executive Money section of the Business Times on 30 March 2005 (the "Article"). The Article states: "But the worst return of an almost similar
      771 words
    • 900 32  -  Earlier this year as part of the S'pore Budget, the government announced that contributions by the self-employed to their CPF and SRS accounts will be streamlined, in line with what is allowed for employees. The self-employed now stands to enjoy the biggest tax savings, reports GENEVIEVE
      900 words
    • 372 32  -  By GENEVIEVE CUA SO, you're nearly 55, but you don't know what to do with your CPF savings, which you can soon withdraw. You could well join the growing ranks of those over 55 who choose to leave their savings in the CPF. Based on
      Source: CPF annual reports  -  372 words
  • Page 30 Advertisements

  • Page 31 Advertisements
    • 2471 31 To advertise call toll-free 1800 289 8822 Email: notices@sph.com.sg HTL INTERNATIONAL HOLDINGS LIMITED Registration Number: *****4162H (incorporated in Singapore) notice of annual general meeting NOTICE IS HEREBY GIVEN that the ANNUAL GENERAL MEETING of the Company will be held on 21 April 2005 at 10.00 a.m. at 11 Gul Circle,
      2,471 words