The Business Times, 15 April 2005

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Total Pages: 38
1 38 The Business Times
  • 15 1 THE BUSINESS TIMES Friday, April 15,2005 SINGAPORE 85 cents online at http://business-timesasial.com.sg MICA (P) 089/03/2005
    15 words
  • 681 1  -  It pays to be careful this year, says a tax consultant By MICHELLE QUAH [SINGAPORE] The taxman has sent out a strong signal to people to take extra care with their returns this year. With just a fortnight to go to the April
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  • 649 1  -  CapitaLand partner indicates what it will do if it is selected By ALEXANDRA HO [SINGAPORE] Kerzner International, known for its Atlantis casino resort in the Bahamas, will build an integrated resort like no other in the world if its concept is
    ARTHUR LEE  -  649 words
  • 138 1 STI 2,168.59 (-5.50) ST INDEX FUTURES 2,164.00 (-13.00) SIMSCI 255.64 (-1.29) SIMSa FUTURES 254.80 (-1.10) MARKETS Thursday Change KLSECOMP 877.23 +3.00 NIKKEI 225 11,563.17 74 35 HANG SENG 13,772.40 -27.22 SET INDEX Closed JAKARTA COMP 1,108.44 -8.23 MANILA COMP 1,887.47 -29.11 SEOUL COMP 953.92 -27.39 SHENZHEN B 267.36
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  • Page 1 Advertisements

  • TOP STORIES
    • 602 2 Agreement with US allows both sides' airlines as many flights as they want AFP Bloomberg [SINGAPORE] New Delhi has taken two major steps towards aviation liberalisation by concluding deals with the US and UK which will more than double air traffic
      AFP; Bloomberg; REUTERS  -  602 words
    • 43 2 IN the Company Briefs column of April 12, we said the Fragrance Group was going into property development. The hotel operator has pointed out that it is already in the property development business and has more than 20 projects under its belt.
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    • 474 2 Capita Land raises stake in Bugis Junction CAPITALAND has increased its stake in Bugis Junction after buying Parco and Seiyu's entire combined interest in the complex for $139 million. Analysts say this sets the stage for further transactions for the asset comprising a mall, an office tower and
      474 words
    • 586 3  -  Creations catch the attention of even drinks giant Coca-Cola By JEAN CHUA (SINGAPORE] He's got a big head, two flat feet and a butt that looks cute from any angle. And even though he stands just 6.5 cm, he aims to take the
      586 words
    • 747 3  -  Suntec Reit steps up bid to pitch its competing offer By KALPANA RASHIWALA [SINGAPORE] The real estate investment trust with stakes in Wisma Atria and Ngee Ann City on Orchard Road planned for flotation by a unit of German insurer Ergo
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  • Page 2 Advertisements
    • 29 2 i i rewMau#^AN EXCLUSIVE SALE 15th to 17th April ISETAN SCOTTS, EVENT HALL, LEVEL 4 ISETAN SINGAPORE www .isetan.com.sg Isetan Scotts Tel: 6733 1111. Open Daily 10.00 am 9.30pm.
      29 words
    • 268 2 ii fi 28 March Sat 30 April '05 l NAM HUAT QKEMBANGAN MBHMMMMBHMHHMI @TUAS SHOWROOMS WHB'SHHHHi We ore row preparing to move to oar new w 25,000sqftNHCeramicsShowkoeseat (■Mr H'l 'JI\HHSfMIZWSiiI Podium B, #02-13 HDB Centre, Bukit Merah. Ml ;Jf Al ceramic ties most be deared Enjoy 50% w r QISCOUTITS
      268 words
    • 32 2 We've made a haul! £iil) Share the good news with your investors Releasing a financial statement? Call 1800 289 8822 or email notices@sph.com.sg to book your advertisement in our newspapers now. cl
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  • Page 3 Advertisements
    • 93 3 I 11 1 91 I ■fit 8 S3B H -I* H V' -SI fl 1 IEsI I •t\m fe'fr" 1 m- y-fJj&y •*p -y aRBSt f "tW..U■ *v':v»• .> A The OSIM iLife air purifier. Winner of the red pt -6Sj reddot design award j winner 2005 m' u■ Enjoy
      93 words

  • COMPANY NEWS
    • 538 4  -  Analysts say stage set for further transactions for the asset By KALPANA RASHIWALA CAPITALAND has increased its stake in Bugis Junction after buying Parco's and Seiyu's entire combined interest in the complex for $139 million. Analysts say this sets the
      FILE PHOTO  -  538 words
    • 581 4  -  HOCK LOCK SIEW By WONG WEI KONG EVERYBODY loves a rising star. But when a stock goes up and up like Hyflux, it may be time to start asking some hard questions. Hyflux's share price performance in recent sessions has been eye-catching, to say
      581 words
    • 42 4 UNIT TRUSTS FUNDS LEGEND: All prices are indicative; Broadly Diversified; Narowly Focused; S Lower Risk Low to Medium Risk: Medium to High Risk;** Higher Risk; open-ended; Before subdivision of units; After subdivision of units; SP after stock split; N.A. Non Dealing Day
      42 words
    • 502 6  -  OIL GAS But SGX says it will explore other ways to enter energy derivatives market By RONNIE LIM THE Singapore Exchange (SGX) and Nymex (the New York Mercantile Exchange), the world's biggest energy market, have called off plans to jointly establish an
      502 words
    • 486 6  -  By RONNIE LIM SINGAPORE Petroleum Co (SPC) and its Australian partners Santos and Cue Energy Resources will go ahead with their Oyong oil and gas project in Indonesia and hope to pump the first barrel this year. "We are trying for
      486 words
    • 243 6 AFP CHINA Aviation Oil (CAO) yesterday said its wholly owned subsidiary had received robust bids for its latest jet fuel tenders for delivery in May and June despite CAO's financial troubles. The subsidiary, China Aviation Oil Trading, closed its third tender for the year
      AFP  -  243 words
    • 369 8  -  36% year-on-year rise in distribution per unit to 2.7 cents for fourth quarter By ARTHUR SIM ASCENDAS Real Estate Investment Trust (A-Reit) is evaluating $900 million worth of new business. The news comes after it announced a 36 per cent year-on-year rise in distribution per
      FILE PHOTO  -  369 words
    • 450 10  -  Proceeds could increase Isetan coffers by $150 m, boost confidence By CHUANG PECK MING A GROUP of Isetan Singapore minority shareholders is once again pushing the department store operator to sell its shopping space at Wisma Atria. Ahead of Isetan's annual general
      FILE PHOTO  -  450 words
    • COMPANY BRIEFS
      • 131 11 BBEADTALK'S founder and managing director George Quek has been charged with drink-driving and faces another charge of driving without due care or reasonable consideration, Channel News Asia reported yesterday. The Subordinate Courts heard the 48-year-old had apparently lost control of his Porsche and crashed
        131 words
      • 86 11 STAMFOBD Tyres Corporation says it has discovered fraudulent acts by an employee and initial investigation indicates the loss at about $500,000. It has lodged a police report. The employee responsible for its Brunei, Sarawak and Labuan markets has been suspended from duties, but is assisting
        86 words
      • 42 11 QUEK Peck IJm has resigned as a director of C K Tang. The retailer said Mr Quek also ceased to be a member of its audit and nominating committees and the chairman of its remuneration committee.
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      • 40 11 BONVESTS Holdings has raised its investment in Brooklyn Bagels, through its unit Bonforte Investments, which bought 142,225 shares from minority shareholders, paying $3,9f)6. The stake rose to 98.16 per cent from 95.83 per cent.
        40 words
    • 312 11  -  Board rejects his response to alleged breach of duties By WONG WEI KONG GREATRONIC has sacked its chief executive officer, Lim Kok Koon, after rejecting his response to the company's allegations that he has breached his duties. Last Wednesday, Greatronic rejected Mr Lim's resignation
      312 words
  • Page 4 Advertisements
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      83 words

  • Page 5 Advertisements
    • 77 5 THE BOULEVARD RESIDENCE ||j||M TOWERING AT 180 METRES OVER ORCHARD BOULEVARD, BLVD BRINGS YOU CLOSER TO WHERE YOU BELONG s jSP! v;> *V*>jyS ABOVE IT ALL. t|i|r 1 Jt. l^( KB ORCHARD mw*A JSji TO PLEASE CALL (65) f^n jm~i B M DETAILS OF SUPER B upon B J B
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  • Page 6 Advertisements
    • 4826 6 UPPERTON HOLDINGS LIMITED (Company Registration No: *****4155Z) (Incorporated in the Republic of Singapore) NOTICE OF MEETING OF HOLDERS OF THE *****,000,000 SECURED FIXED RATE SENIOR BONDS DUE 2007 Trust Deed dated 17 May 2002 ("Trust Deed") Between Upperton Holdings Limited ("Issuer") Aspinden Holdings Limited ("Asgmden") and Dexia Trust Services Singapore
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  • Page 8 Advertisements
    • 4871 8 UPPERTON HOLDINGS LIMITED (Company Registration No: *****4155Z) (Incorporated in the Republic of Singapore) NOTICE OF MEETING OF HOLDERS OF THE 5550,000,000 SECURED FIXED RATE JUNIOR A BONDS DUE 2007 Trust Deed dated 17 May 2002 ("Trust O—d") Between Upperton Holdings Limited ("Issuer") Aspinden Holdings Limited ("Aspinden") and Dexla TVust Services
      4,871 words
    • 77 8 V^pQQPI^H Kaket Bawei Jago Putih, 130x100cm, 2005 Lotus, 150x100cm, 2004 AWIKI'S PASSION Oil Impastos Selection 23 April 3 May 2005 Preview 16 April 2005, Saturday Artist will be present on 16 23 April 2005 Saturday. along |V Commission wiM be subjected C I botanic P! J,tnd<x tiatlcuf |!°£ss? H r
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  • Page 9 Advertisements
    • 46 9 HBII^HSHiHHHHHBBBHHHfI Terms and conditions: Promotion ends 30 June 2006. The Lomborghini Gollordo is without COE, registration, insurance and road tax. Accessories not included. Colours and specifications may vary according to availob% For more details on the lucky draw, visit www.dbs.com/sg/cards. Other terms and conditions apply. 00
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  • Page 10 Advertisements
    • 3728 10 ORCHARD SQUARE CAPITAL ASSETS LIMITED (Company Registration No: *****7035R) (Incorporated in the Republic of Singapore) NOTICE OF MEETING OF HOLDERS OF THE *****,000,000 SECURED FIXED RATE SENIOR A BONDS DUE 2008 Trust Deed dated 29 August 2003 ("Trust Deed") Between Orchard Square Capital Assets Limited ("Issuer") Orchard Square Properties Private
      3,728 words
    • 205 10 R.KI ?f «f W^HPnM SWS. \r. 'ji-f :18| 'F 'iMs i "-,f aS«-<SI r% I 9 vfc.. ,K !v t# v?*^!'*;% Bfcji"\ n«fl v|r,IPFvf ffx v v- J ■l M MJMm H %nPfv a 7 J| iv f: %®Jj, v 4 >itJ'pv^& t i* v r Global Corporate Services Company
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  • Page 11 Advertisements
    • 788 11 Description J Bungalow at No. 12 First Avenue, 1 Singapore *****8 Tenure j Freehold R Land Area 1858.6 sq.m. or thereabouts For more information, please contact:- Com Law LLC Tel: ***** 819 Email: jh@comlaw.com.sg —win.*" n———r EL ROTOL SINGAPORE LTD Company Registration No: *****0473W Notice of Annual General Meeting NOTICE
      788 words
    • 1838 11 DRAGON LAND LIMITED DRAGON/WJfr (Co. Reg No. *****1688 C) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Dragon Land Limited ("the Company") will be held at River View Hotel Singapore, 382 Havelock Road, Level 4, Camellia Room,
      1,838 words
    • 201 11 ADVANCE AFFILIATES PTF I.TD Compan) Registration No. *****2216 M (In Members' Voluntary Liquidation) NOTICE OF FINAL MEF:TIN(J NOTICE IS HEREBY GIVEN that the l inal General Meeting of the abovenamed Company will be held at 220 Orchard Road. #05-02 Midpoint Orchard, Singapore 2*8852 on 18 May 2005 at 10.00 a.m.
      201 words
    • 146 11 THE COMPANIES ACT, CAP. 50 IN'LAB SERVICES PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) NOTICE Of FINAL MEETING NOTICE IS HEREBY GIVEN THAT the Final Meeting of the Members of the above-named Company will be held at 371 Beach Road #02-40 Keypoint Singapore *****7 on the 16th day of May 2005
      146 words

  • SINGAPORE MARKETS
    • 492 12  -  STOCKS Selling pressure in these sectors appears to have ebbed, say brokers; meanwhile, STI displays resilience R SIVANITHY Senior Correspondent Yesterdays 5.5point loss for the Straits Times Index at 2,168.59 was perhaps not as bad as might have been expected, given the steepness of
      Source: Bloomberg  -  492 words
    • 739 12 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS (Disclosures made on Apr 14 and earlier) Stibsatitial No of Price SHAREHOLDING Shareholder Buy/ Shares Per Bjrfore After Stodi Trim Dote Director 5elj [000 Shr S I WW) 1 Bonvests Hldgs 14-Apr-OS Ding Chek Leh OE 50 0 50 0 0 00 50 0
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    • 90 12 JARDINE Cycle Carriage has raised its stake in its Indonesian subsidiary PT Astra International. It bought 2.24 million shares at 11,058 rupiah (S$l .922) each, on Wednesday. The purchase increased its stake to 48.16 per cent, from 48.11 per cent. Astra, Indonesia's biggest automobile
      90 words
    • 95 12  -  Compiled by MICHELLE QUAH WEE Cho Yaw's private vehicle Wee Investments has increased its shareholding in Haw Par Corp, the listed entity often seen as the holding company for the banker's non-bank investments. Open-market purchases on Monday to Wednesday this week at
      95 words
    • Article, Illustration
      978 12  -  Compiled by R SIVANITHY MFS Technology April 14 closing 73 cents MERRILL LYNCH. April 13 IN view of slower-than-expected ramp-up of utilisation at the new Changsha facility as well as a shift in product mix, we are lowering our earnings estimates for FYOS byl 1.6 per cent to
      Source: Bloomberg  -  978 words
    • 545 12  -  CURRENCIES LARRY WEE Senior Correspondent THINGS have been going awfully wrong for US dollar bears lately, and yesterday's Asian session trading provided another case in point. After ending on a limp note in US trading on Wednes- day on weaker than expected US March
      Source: Reuters  -  545 words

  • SINGAPORE NEWS
    • 478 13  -  Official trade figures are due to be out on Monday By CHUANG PECK MING ECONOMISTS polled yesterday generally reckon Singapore's key non-oil domestic exports (NODX) were 5.8 per cent higher in March than they were in the same month last year. That would
      478 words
    • 288 13 Reuters CITIGROUP Inc's proprietary hedge fund unit, Tribeca Global Investments, said yesterday it is opening an Asian office to tap opportunities in the region and will double its staff by the end of the year. Chief executive Tanya Beder, who joined
      Reuters  -  288 words
    • 150 13 KUWAIT and Singapore completed the second round of negotiations on a Free Trade Agreement (FTA) early this week. A joint press statement yesterday from the Ministry of Commerce and Industry in Kuwait and Singapore's Ministry of Trade and Industry said the latest
      150 words
    • 153 13 NEWLY appointed vicepresident for FedEx Express South Pacific operations, David Ross, commended Singapore's government for its efforts at developing the country into a cargo hub. Speaking to the media yesterday, Mr Ross said: "The Singapore government is doing a pretty good job. It is
      153 words
    • 290 13 SINGAPORE must be ready to tackle the social costs should it decide to have a casino, Deputy Prime Minister Tony Tan said yesterday. Channel News Asia reported him as saying: "You can't dismiss the social costs. Even if 5,000,10,000 Singaporeans get
      290 words
    • 384 15  -  Tender for prime Orchard Rd property will close on June 3 By JEAN CHUA FIVE months after its sale was suspended, the former Crown Prince Hotel is on the block again this time, the Orchard Road property will be going
      FILE PHOTO  -  384 words
    • 238 15 OWNERS of Orchard Boulevard's tallest up-market condominium, The Boulevard Residence, are about to start living the high life. Tomorrow, the owners of 46 units will be able to move into their new homes in the Cuscaden Walk development. The Boulevard Residence is
      238 words
    • 168 15 TIRED of jogging round and round in a stadium and fancy a scenic evening run along Marina Promenade instead? Runners at this year's JP Morgan Chase Corporate Challenge can look forward to just that. The race on April 27 will flag off from Esplanade
      168 words
  • Page 13 Advertisements
    • 307 13 TO MOVE PEOPLE WITH EASE THE TO ACCOMMODATE ANY GIVEN SITUATION TO APPRECIATE THE FINER THINGS IN LIFE r i 1 Presage Presage Specifications vary from model to model. Specifications sub/ect to change. For more information, SMS "PRESAGE" to 9030 2612. A Powerful Reflection Of Who You Are 8-seater MPV
      307 words

  • Page 14 Advertisements
    • 298 14 W^tf mk pBBPjjj^HPPIW^^ r ;t V < i -'4 r ~.v\. --m -v u Jet Airways commences daily non-stop flights to Mumbai. ■■■■■■I The wait is over. From today, you have a choice when it comes to flying Not surprising, because Jet Airways flies one of the world's youngest fleets,
      298 words

  • Page 15 Advertisements
    • 523 15 AN ADVERTISING FEATURE Final RgI63S6 of all units due to overwhelming mm 8 Mount Sophia has been so well received by the market that more than 270 of the 313-unit condominium project have been snapped up its Easter weekend launch. The stellar performance of this condo development points again to
      523 words

  • ECONOMY
    • 507 16  -  US exports have not grown substantially despite fall in currency By RAVI KANTH in Geneva THE World Trade Organisation yesterday forecast that global merchandise trade would decelerate to 6.5 per cent this year because of continued weak economic performance of key
      507 words
    • 373 16 Bloomberg [WASHINGTON] The tsunami that left nearly 300,000 people dead or missing in Asia in December is unlikely to have a major impact on economic growth in the region despite its "devastating" human toll, the International Monetary Fund said. The IMF lowered
      Bloomberg; REUTERS FILE PHOTO  -  373 words
    • 269 16 Reuters AP Bloomberg [WASHINGTON] US business inventories rose 0.5 per cent in February, matching analyst expectations, while sales posted their largest drop in nearly two years, Commerce Department data showed yesterday. The department said stocks at manufacturers, retailers and merchant
      Reuters; AP; Bloomberg  -  269 words
  • Page 16 Advertisements
    • 3726 16 ORCHARD SQUARE CAPITAL ASSETS LIMITED (Company Registration No: *****7035R) (Incorporated in the Republic of Singapore) NOTICE OF MEETING OF HOLDERS OF THE *****,000,000 SECURED FIXED RATE SENIOR B BONDS DUE 2008 Trust Deed dated 29 August 2003 ("Trust Deed") Between Orchard Square Capital Assets Limited ("Issuer") Orchard Square Properties Private
      3,726 words

  • MALAYSIA/INDONESIA
    • 669 17  -  Lender investigated for possible collusion, bribery or money laundering Bv SHOEB KAGDA in Jakarta INDONESIA'S financial sector was rocked yesterday after prosecutors began a corruption probe involving more than one trillion rupiah in loans (Ssl7o million) extended by stateowned Bank Mandiri, the country's largest
      AFP  -  669 words
    • 241 17 Bloomberg [JAKARTA] Indonesia said it may revive a plan to sell its stake in PT Bank Central Asia, valued at 2.1 trillion rupiah (*****.2 million), after securing buyers for its US dollar-denominated bonds on Wednesday night by offering a higher yield. The government
      Bloomberg  -  241 words
    • 94 17 Bloomberg [KUALA LUMPUR] Three of India's state-run banks Oriental Bank of Commerce, Bank of Maharashtra and Bank of Baroda may begin a joint venture in Malaysia, the Economic Times newspaper reported yesterday, citing an official. The venture will operate as a branch
      Bloomberg  -  94 words
    • 201 17 Bloomberg [JAKARTA] Indonesia's government sold US$l billion of dollar-denomi-nated bonds, attracting investors with a higher yield after a slump in emerging market debt forced it to postpone the offering three weeks ago. Indonesia priced the 7.25 per cent, 10-year bonds to yield
      Bloomberg  -  201 words
  • Page 17 Advertisements
    • 101 17 Mondial Fantasia a&r Mondial proudly presents our latest jewellery collection featuring fancy coloured diamonds. These natural beauties are rarer than white diamonds, hence they become highly sought after every year. We have sourced an interesting and exciting collection, and created many unique designs priced from $3,000. Come and appreciate them
      101 words
    • 8 17 mmmSnum. Smh««*<33WW IMwfcw* Rtewmlto «S8 «38&983ir &n«ti mtmimmMinmh
      8 words

  • GREATER CHINA
    • 406 18 Japan grants oil, gas drilling rights in disputed area of East China Sea Reuters AP Bloomberg [BEIJING] China yesterday called Japan's decision to grant Japanese companies energy-drilling rights in a disputed area of the Hast China Sea "a serious provocation." Japan's government
      Reuters; AP; Bloomberg  -  406 words
    • 162 18 Reuters [WAßSAW] Telecoms operator Hutchison said on Wednesday it was bidding for frequencies to launch a third-generation mobile telephone network in Poland, a move analysts say could hurt the country's current operators. On Tuesday five companies, including little-known Qiana Investments, placed bids
      Reuters  -  162 words
    • 257 18 Sale will be China's largest' proceeds will buy assets of steelmaker's parent Reuters [SHANGHAI] Top Chinese steelmaker Baoshan Iron and Steel Co will launch a share sale today raising up to US$3.2 billion and ranking as the country's largest, sources close
      Reuters  -  257 words
    • 208 18 Bloomberg [BEIJING] Kerry Properties Ltd and Shangri-La Asia Ltd, both owned by the family of Malaysian tycoon Robert Kuok, may delay a US$6OO million real estate project in Shanghai, saying they have yet to win government approval. "Due to the recent changes in laws
      Bloomberg  -  208 words
  • Page 18 Advertisements
    • 43 18 A V ~1 'f\ n T2 L ALL V vJ K C IN X Fv I rsS i-- r, Bay, J&t HBi^V llit apm s am fSS«|fg|||||K|BßE»||fclßteto jj fn Jiwrft mA /OTHM^niniß^^n ■Mj a EDB i?os HH <3j rfjj I H SPRING Sh%Qopw
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    • 944 18 Call toll-free 1800 289 8822 FHTK HOLDINGS LTD (Incorporated in the Republic of Singapore) (Company Registration No: *****4656K) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that on Extraordinary General Meeting of FHTK Holdings Ltd (the "Company") will be held at 20 Harbour Drive #06-02 PSA Vista Singapore *****2
      944 words

  • INDIA
    • 362 19 But software firm's outlook falls short of expectations Bloomberg [BANGALORE] Infosys Technologies, India's sec-ond-largest software exporter, said new orders helped boost fourth-quarter profit 66 per cent, more than analysts 4*posted. Earnings may grpw iihalf the pace in the od. Net income in the
      Bloomberg  -  362 words
    • 212 19 [NEW DELHI] The number of telephones in India, the world's fifth-largest telecorns market, has crossed 100 million connections and the customer base is likely to touch 250 million by 2007, the telecoms minister said on Wednesday. With cheap calls and falling handset costs,
      212 words
    • 256 19 Reuters [NEW YORK] Indian film superstar Amitabh Bachchan urged Hollywood on Wednesday to help his "Bollywood" colleagues find larger US audiences for their films. Mr Bachchan, a star of more than 150 movies and a former member of parliament in India, was
      Reuters; REUTERS FILE PHOTO  -  256 words
  • Page 19 Advertisements
    • 546 19 Call toll-free 1800 289 8822 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF TORM SHIPPING ASIA PTE. LTD. Reg. No. *****1141W (In Members' Voluntary Liquidation) NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the abovenamed Company duly convened and held at 6 Battery
      546 words
    • 577 19 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF TEMUSE PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) (Company Registration No. *****5272K) NOTICE OF FINAL MEETING Notice is hereby given that, pursuant to Section 308 of the Companies Act, Chapter 50, the Final Meeting of the Members
      577 words
    • 5 19 BP|r EH iTj fc4*Ti «w
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  • ASIA-PACIFIC
    • 526 20 Probe of General Re echoes broad US investigation of reinsurance deals Bloomberg (SYDNEY] Australia's insurance regulator will investigate a local unit of Warren Buffett's Berkshire Hathaway over its reinsurance practices, the regulator said. The Australian Prudential Regulation Authority (APRA) said Estelle Pearson of
      Bloomberg  -  526 words
    • 400 20  -  By ANTHONY ROWLEY in Tokyo JAPAN'S rate of corporate bankruptcy fell to its lowest level in 10 years in the financial year to March 31, although the Japanese economy slipped back into recession at end 2004, Teikoku Databank reported yesterday. But the drop in the
      400 words
    • WORLD WATCH
      • 47 20 Reuters [ZURICH] Credit Suisse Group will merge its Swiss banking operations Credit Suisse and Credit Suisse First Boston internally, as expected, in a technical step to streamline operations, the group said yesterday. The merged bank will be called Credit Suisse. —Reuters
        Reuters  -  47 words
      • 67 20 Reuters [NEW YORK] PepsiCo Inc. the world's No 2 soft drink company, said yesterday that quarterly profit rose on strength in its international business and price hikes on products sold by its key North American beverage unit. The company reported first-quarter profit of US$9l2
        Reuters  -  67 words
      • 67 20 Reuters [NEW YORK) Global bank HSBC Holdings pic is notifying at least 180,000 people who used MasterCard credit cards to make purchases at Polo Ralph Corp that criminals may have obtained access to their credit-card information, and that they should replace their cards,
        Reuters  -  67 words
    • 175 20 AP [FRANKFURT] The chief executive of SAP, the world's biggest maker of business software, told a German business magazine that he'd be open to a merger with rival Oracle Corp if company head Larry Ellison were to raise
      AP  -  175 words
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  • Page 20 Advertisements
    • 141 20 —j Captain's Tabic presents Teochew Specialties in our Unlimited A La Carte Buffet. Dine from a choice of over 40 dishes prepared specially for you. $22.60++ per adult $16++ per child under 12 Weekdays: Dinner Weekends Public Holidays: Lunch Dinner ¥¥71 a "W* "1 i. i Fnumtti Diners Club Credit
      141 words
    • 28 20 Cwiw wtoonr Cho* to f Pteo*e coll 6430 ill 9 to moke reiervofions s> f J u I no /v loonn Oxford Hotel 218 Queen Street Singapore *****9
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    • 151 20 GREGORY'S c/oraMe^e^ t COUKTYAtD Penang Hawker Fare 7 24 April 2005 Guest Chefs from Grand Plus Pukroyal, Penang and hawkers from the famous Gurney Drive. Penang will whip up Penang specialities such as Oyster Omelette. Authentic Penang Char Kway Teow, Penang Laksa. Crispy Lok Bak. Hokkien Mee, Rojak, Ice Kachang.
      151 words
    • 156 20 Cafe Plaza Euro-Asian Buffet Wrm Thai Food Fare 1 to 17 April 2005 You'll be exclaiming "a-roy mak!" (means very delicious in Thai) when you are through with this. Appetisingly fresh and piauant Thai dishes such as Tom Yam Gung. Beef Tendon Ox-Tripe Ruay Teow Soup. Roasted Duck in Red
      156 words
    • 41 20 LMERITUS MANDARIN SINGAPORE AUSTRALIAN Lk GOURMET WINE ADVENTURE M-30 April2oos grjolorful China Ethnic Costumes pWeranakan Fashion Show Spalo Dinner "mandarin" r AajhjMttLof Overseas Union Fntefpnw Limited |KHB| JBBJany Registration N0.*****0050£> Road, Singapore *****7. Tel: +65 6737 4411. Fax: +65 6732 2361.
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  • WORLD
    • 442 21 Profit surged more than six times to US$290m boosted by sales of iPod Reuters [SAN FRANCISCO] Apple Computer Inc's quarterly profits blew past the most optimistic Wall Street targets. Profit rose by more than six times on sales of iPod digital music players, Mac
      Reuters  -  442 words
    • 410 21 LAT —WP [WASHINGTON! Media mogul Rupert Murdoch wants to shake up the Internet in the same way that Fox and the Fox Broadcast Network forced changes upon older TV networks. On Wednesday, he outlined plans to overhaul the websites of his New York Post. Fox News
      LAT—WP  -  410 words
    • 402 21 Bloomberg [NEW YORKI Goldman Sachs Group has raised US$B.5 billion for the world's biggest buyout fund, increasing its investment in a business from which rivals are retreating. The firm will put more than US$2.5 billion into the fund, with the rest coming from money
      Bloomberg  -  402 words
    • 278 21 Bloomberg [NEW YORK) Exxon Mobil Corp boosted chief executive Lee Raymond's pay by 37 per cent to US$3B.l million last year as record oil prices pushed the company's net income to the second-highest in US history. Hxxon Mobil, which pumps more oil than
      Bloomberg  -  278 words
  • Page 21 Advertisements
    • 376 21 'fjrl PRESENTING THE MOST PRESTIGIOUS CONDO ON JALAN SULTAN ISMAIL, KUALA LUMPUR Tan and Tan Developments, the leading property developer in Malaysia, Topics Laws on Property Investment, Taxation, End Financing, Currency is proud to add yet another architectural beauty to the Kuala Lumpur city Trend Forecast and "Malaysia My Second
      376 words

  • AVIATION
    • 368 22 It has to first review 4,000 complaints filed against project's clearance Reuters (BERLIN! A German court suspended work on Berlin's planned new international airport yesterday, pending its review of a complaint by lo.cal residents. It is the latest setback for the two billion euro (554.2
      Reuters  -  368 words
    • 176 22 Reuters INKW YORK] Southwest Airlines Co, the top US carrier by market value, yesterday said first-quarter earnings rose as revenue climbed and its fuel hedges took the sting out of surging energy prices. The company reported profit of US$76 million, or nine US
      Reuters  -  176 words
    • 64 22 [TRABZON. Turkey] View of the passenger aircraft belonging to Swedish company Britannia after it made an emergency landing on Wednesday in the northern Turkish city ofTrabzon due to a technical hitch. Trabzon deputy governor Bahattin Atci told Anatolia news agency that the plane, with 317 passengers and 10
      AFP  -  64 words
    • 463 22 Reuters [HONG KONG] Air China Ltd, the country's flagship carrier, said its 2004 net profit jumped nearly 15 times, thanks to robust passenger traffic growth fuelled by the mainland's soaring economy. This year, analysts see mixed fortunes for Air China, with higher jet fuel
      Reuters  -  463 words
    • 230 22 AP Bloomberg [ATHENS] Greece received five binding bids to purchase ailing state air carrier Olympic Airlines, the country's transport minister said yesterday. "We have received binding bids from five companies. These were the same companies who submitted non-binding bids," Michael Liapis
      AP; Bloomberg  -  230 words
  • Page 22 Advertisements
    • 83 22 'Jfffi'^iiv^?>'-' ;t- «r* tt^-'» LrnY!"'*'' r i~" N fe*li '\nr •flii"t'^ftii'a^liiitf^M^M^^^'''^ r^^^^^BHH|H^ ;.v. r As Jet Airways' preferred service partners at Singapore Changi Airport, Singapore Airport Terminal Services (SATS) and SIA Engineering Company (SIAEC) are set to take our dynamic collaboration to greater heights. Deeply committed to delivering Exceptional A
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  • SHIPPING
    • 772 23  -  The British should follow examples set by S'pore, Greece: Maersk executive By DAVID HUGHES in London THE British should learn from Singapore if they are serious about making their capital a top maritime centre. according to a senior executive of the Maersk shipping
      FILE PHOTO  -  772 words
    • 839 23  -  ADMIRALTY CASEBOOK By SELVA KUMAR A VESSEL owner who failed to properly incorporate the specific details of a charterparty into a bill of lading has nevertheless won the right to apply the charterparty's terms and arbitrate a dispute in
      839 words
    • 357 23  -  By DONALD URQUHART [SINGAPORE] A small chartered vessel carrying relief aid to the earthquakestricken Aceh province in Indonesia sunk earlier this week after striking an uncharted reef off Nias Island. The 700-tonne Cahaya Abadi on charter to Jakar-ta-based NGO Asia Works
      357 words
    • 137 23 Reuters [TAIPEI] Taiwan's Evergreen Group, the world's third-largest shipping company, said on Monday its Italian unit had opened a subsidiary in China last year but denied a newspaper report that it has plans for a second Chinese office in Shanghai. The Commercial Times said
      Reuters  -  137 words
    • 308 23 SGX '000 Ay 14 Si Vol CHOfhhore 0 37 i#Kh 209 Chuart Hup 0.74 0.01 200 CcscoCorporatlon..... 183 0 01 4726 CWT Distribution 0.63 unch 20 EzraHldgs —1 33 0 02 2096 Freight Links 0.06 -0.01 19 Grand Banks Yacht V01 urxti 22 Jaya Holdings— 1.07 0.01 863
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  • Page 23 Advertisements
    • 127 23 ft 4|Ul The Business Times is launching a Classified section for affluent home buyers like you to find out all about the hottest properties for sale in Singapore. Look out for this section in The Business Times tomorrow. THE BUSINESS TIMES C-Ajj. I Buy It Sell It Find It 3W«*
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  • EDITORIAL & OPINION
    • 524 24 EDITORIAL ON Jan 19, the benchmark composite index of the Kuala Lumpur stock exchange hit a four and a half year high of 937. It's come off 9 per cent since. That's puzzling when most regional markets are still in bullish mode while others like
      524 words
    • 758 24  -  THE BOTTOM LINE MATTHEW LYNN Bloomberg THERE are few experiences so upsetting as watching lots of people mint themselves a fortune while you miss out. So if you didn't launch a hedge fund or go to work for one, is there
      Bloomberg  -  758 words
    • 897 24  -  Prices can't just level off because when people no longer expect them to rise, some will sell By ROBERT J SHILLER LATWP THE upward momentum of home prices in cities such as Los Angeles, Las Vegas, New York or Boston has seemed
      LATWP; BLOOMBERG  -  897 words
    • 1570 25  -  There are signs that Malaysia may soon be ready to dismantle the 1998 currency controls, including the ringgit's dollar peg By STEPHANIE PHANG Bloomberg NOR Mohamed Yakcop recalls being summoned to fly from Kuala Lumpur to Buenos Aires by Malaysian Prime Minister Mohamad in
      Bloomberg; AFP  -  1,570 words
    • 701 25  -  SHADA ISLAM Brussels Correspondent lUST months after they promised to launch a new era in transatlantic relations, the Fuji ropean Union and the US have W0 become entangled in another acrimonious feud this time over EU plans to lift a 16-year-old
      701 words
    • 223 25  -  LETTER TO THE EDITOR Cheng Lee Ching (Ms) Senior Vice-President and Head, Corporate Communications Singapore Exchange WE refer to the letter "Who regulates the regulator?" by Woo Lai Heong (BT, April 8). The purpose for the buying-in process is for the clearing house to expeditiously
      223 words

  • Page 25 Advertisements
    • 365 25 BE PART OF A DYNAMIC MEDIA COMPANY A B mm 1 SPH is Singapore's premier news content publisher with a mission to inform, educate and entertain. Our quality products and services bring pulses of the world to our customers. The SPH Group has over 3,000 employees whose contributions are key
      365 words

  • 2558 26 SGX XTRANET 52-Wk Tat Last Vol Day LactQuota GfOtv Otv GrVM Net MGap High low Cod* Company Salt W- CMO) Mgtt low Myar Sdtor Cvr P/I imil 6065 Diamonds US2060cd 2120 6095 IS DJ US Tedl US3740 6097 IS MSCI Spore US555 t 6101 ISS4P500 US8270 6170 SPDRS
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  • 3543 27 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In lo«*l cart In SI I* DM \yr *dy %yi \<ty *»vr Kg, 13 hmKk Change Owig« CIw*gt Clung* Ch»ng« rt»«liroe» damnify 857 1 -01 OS A3 Ol5 0.0 13 t lAfl Pretmnary 8012 02 37 02 06 0.6 0 2 Ewtope Ptctawary
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  • Page 28 Advertisements
    • 1950 28 1 TO USA/CANADA 1 I EXPORT I I OTHER DESTINATIONS I VKSE I VOY I PRC I ETA SIN LONGREACH I DAUASI HOUSTON I MEMPHS jOQCAGOjHPW YOBK~I TO AUSTRALIA (AUSTRALIA ASIA EXPRESS) OOQAIUmA OKIS 12/04 13/04 29/04 05/05 06/05 04/05 04/05 07/05 VKSIL VpT "tUSw" W6 I HI I W
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  • Page 29 Advertisements
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  • Page 30 Advertisements
    • 676 30 IAZAI WALLENIUS WILHELMSEN website: http://www.2wglobol.com VESStI VOT II AMP LK WAO HOUt IMA SAV lAI 0«F NTC HEW MOO TAMPERE ALSI2 400To«s 6.3 M I 02/05 09/06 13/06 16/06 14/06 TAMPA AISII ***** m 6.4 M OS/OS 30/05 09/06 13/06 17/06 15/06 19/06 TARAGO A 1512 370Toas 6.4 M 13/05
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    • 646 30 BSA X q MYANMA n FIVE STAR UNE (MyaMrar Notional Um) Loading for YflßfMi VESSEL VOT SIN PHI PIN PGII PAGAN 341W SU HPA-AN 337W SU> IN MALAYSIA: lOUSTEAD SHIPPING AGENCIES KUI/PKL- 03-*****388 PEN: 04-*****1S ACCEPTIMQ CONVENTIONAL C6O VESSEL VOY HKG SM PGU PKL KUC YUSHO PMNOSS 3 SU) SID
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  • Page 31 Advertisements
    • 1239 31 m ft Si S'pore Agents: lAL SUmlm Aaoacy (S) Pit M (CD NO: **********0Z) \mV (If 180 Bank BuMno, Singapore *****6 Y crnterasia JL,ineS Tel: 6323-6466/77 fa: 6323-6433 VMiitt: www.MwmMms.cmi SUPER EXPRESS SERVICE TO HONQ KONQ A JAPAN vnssa Iwr osk »o»| si»z ito tok hkc hHsSm wb* w »pr
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      690 words


  • PERSONAL STYLE
    • 1158 33  -  Melissa Kwee, president of Unifem S'pore, talks to PARVATHI NAYAR about the fulfilling moments in her life and her community work PARVATHI NAYAR /m HAVE always wanted Jf I to seek harmony in situations and comfort people who are hurt," says Melissa Kwee. Seated comfortably
      ARTHUR LEE  -  1,158 words
  • Page 33 Advertisements
    • 88 33 IMPKIA KBBBIM Connecting People The Nokia 9300 Network in style. The Nokia 9300 Smartphone is a sleek, stylish and stunningly compact object of desire. Open it up, however, and it transforms into a powerful business tool. Which proves that networking isn't just a skill, it's an art too. NOKIA Email
      88 words

  • ARTS
    • 207 34 April 15 (Fri) to April 30 (Sat) The Sound of Music by Troika Entertainment LLC USA Esplanade Theatre, 2.30pm and Bpm (150 mins with intermission) Tickets: From $31.50 to $157.50 (Concessions available) April 15 (Fri) to April 16 (Sat) Beethoven's Emperor Concerto by Singapore Symphony Orchestra (S'pore)
      207 words
    • 743 34  -  PEPPER LEE checks out the offerings at the Esplanade's first Theatre Studio Season PEPPER LEE f f XPERIMENTAL theatre douI ble-boiled down to an honest, P"" intimate essence" is what the I 90-minute Duets, performed Law by local group Spell#7, promises to be. This production is
      743 words
  • Page 34 Advertisements
    • 131 34 Enjoy 1 complimentary drink per ticket when you purchase a Friends Special* package of 4 or more. r ccW •Valid for the highest priced tickets of Patti Austin and Midori Violin Recital only. Redeemable at The Oriental, Singapore bars at the I K y Concert Hall foyer. Aria, Al Dente
      131 words
  • Page 34 Miscellaneous
    • 364 34 CRYPTIC CROSSWORD Take extraordinary care and list —PH— 9 Commercial presentation LgJ L_L___L_J makes a daughter green (6) 10 Pain of champion hard to ad1 A Rev. eating out one with L^J— dietary requirements 12 Better trained as someone to f f I I I I I I I repair
      364 words

  • ENTERTAINMENT
    • 902 35  -  CINEMA Vilsoni Hereniko draws on his own childhood experiences in his debut film. PARVATHI NAYAR reports PARVATHI NAYAR ROTUMA, a Pacific island under Fiji's jurisdiction, sounds like a rather obscure birthplace for a future filmmaker. Paradoxically, however, it was his many childhood experiences there that conspired to
      902 words
    • 458 35  -  THEATRE By SANGEETHA MADHAVAN PERHAPS Wild Rice needed a feelgood show to mark five years of existence. Perhaps funding woes have nixed new work. Whatever the case, the theatre company has pulled a reliable old one out of its repertoire instead. A localised
      458 words
    • 316 35  -  MUSIC By PEPPER LEE THE curtains closed to a standing ovation on opening night testimony to both the timeless charm of The Sound of Music, as well as the delightful performance turned in by its cast despite minor drawbacks. In a style all
      316 words
    • 437 35  -  THEATRE By PARVATHI NAYAR FINALLY, US-based Singaporean playwright Chay Yew's controversial Porcelain, first staged in 1992 in London, takes a much-awaited bow on the Singaporean stage. Between the two stagings, the sexual climate has changed in both countries. Much is lost in of-the-moment shock value,
      437 words
  • Page 35 Advertisements
    • 125 35 Bose Lifestyle* 48 FE&fIWIL Bose Lifestyle* 38 FESftWIL DVD Home Entertainment System PRICE DVD Home Entertainment System PRICE Jewel cubes* VVVOTV M Retai> 57 3 gH Retail 55.599 B u 111I M i SA 3 4. Acoustimass* ssw RC3BS I t b»e> LIV trll» Lifestyle® Stereo Amplifier Speaker System Remote
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  • PURSUITS
    • 729 36  -  BOATING Waterfront living is expected to boost demand for pleasure craft, reports VINCENT WEE VINCENT WEE JYRKI Jaamaa is very excited about the developments at Sentosa Cove and at the Caribbean at Keppel Bay project. This is rather unusual because Mr Jaamaa is the
      729 words
    • 1351 36  -  WINE It can bring safer returns than real estate or equity. N K YONG gives some tips N K YONG THIS is the time of the year when, for a whole month, the wine world focuses on Bordeaux. It is the time when Bordeaux
      FILE PHOTO  -  1,351 words
  • Page 36 Advertisements
    • 190 36 Six distinctive cultures. Restaurant 1827 Thai San Marco Townhouse Golden Peony Chinese Restaurant L'Aigle d'or French Restaurant One-Ninety One great tradition. H i^i I >11 i^Hfll? H^H Ernest Julio Gallo's Premium Wines can be found at Singapore's finest restaurants. Six of the finest are: Restaurant 1827 Thai, 1 Parliament Lane,
      190 words

  • COVER STORY
    • 734 37 WHEN you hear his voice booming down the phone line, stoutly defending an off-the-cuff remark that his company's work is reputed to be "good but pricey", you know Robert Seah is a straight-talker who won't pull his punches. Seah, who dropped out of
      734 words
    • 684 37  -  CORINNE KERK talks to three events producers to find out why it makes sense to pay them the high sums they charge for their expertise CORINNE KERK BARY Cha Cha is as flamboyant as his name a nickname he was given years ago
      684 words
    • 642 37 CAN an event, where the star is a very common or even mass market product like a soft drink or biscuit brand, be staged with lots of style? According to Douglas Khee, the answer is a definite yes. Indeed, the director of Style Asia
      642 words
  • Page 37 Advertisements
    • 1130 37 NOTICE IS HEREBY GIVEN that the Annual General Meeting of Hotung Investment Holdings Limited (the Company) will be held at The Landis Taipei Hotel, Banquet Hall, 81, 41 Min Chuan East Road, Sec. 2, Taipei, Taiwan, R.O.C. on May 10. 2005 (Tue) at 9:00 a.m. for the following purposes: AS
      1,130 words

  • executive lifestyle
    • Article, Illustration
      370 38  -  By CORINNE KERK A NEW car rolls out and there are admiring oohs and aahs. A new fragrance is launched and VIPs are invited to an exotic location to welcome it —all the while wined, dined and entertained. From lavish launch events, gala dinners, fashion shows, award ceremonies
      370 words
    • 596 38  -  off the cuff jaime ee OK, bad news, folks. Singapore lacks the X-factor needed to turn it into a global city. Worse, it might take three decades to get there, and only if we work real hard at it. So what are we going to do
      596 words
  • Page 38 Advertisements
    • 80 38 250 YEARS OF UNINTERRUPTED HISTORY... tsSt-i \K J!1 IPWHUPPw |L Aiw/ l| y JUBILEE 1755 I Caliber 2475 selfwinding mechanical Geneva Roman hour Totalizer and center seconds hands in blued steel. ...DEDICATED TO PERFECTION VACHERON CONSTANTIN Manufacture Horlogere. Geneve, depuis 1755. Authorised Retailers Singapore: Cortina Watch Sincere Fine Watches Roy
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    • 2 38 PERSONAL STYLE
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