The Business Times, 20 April 2005

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

Total Pages: 32
1 32 The Business Times
  • 17 1 THE BUSINESS TIMES Wednesday; April 20,2005 SINGAPORE 85 cents online at http://business-times.asia 1 .com.sg MICA (P) 089/03/2005
    17 words
  • 593 1  -  Sources say bidders such as Tabcorp are including F1 motor racing in resort plans By ALEXANDRA HO [SINGAPORE] Australian gaming company Tabcorp could help bring the king of motor racing events here Formula One. Sources have told BT the idea is part of Tabcorp's
    593 words
  • 689 1  -  The old virtues are valuable but no longer sufficient By CHUANG PECK MING [SINGAPORE] It used to be said that Singapore would never get a casino as long as founding father Lee Kuan Yew is alive. Of course, he's alive and well
    689 words
  • 138 1 ST! 2,128.71 (+21.04) ST INDEX FUTURES 2.120.00 (+20.00) siMsa 251.44 (+3.00) SIMSa FUTURES ***** (+3.30) MARKETS Tuesday Change KISECOMP >67.77 +1.11 NIKKEI 225 11.065.86 +127.42 HANG SENG 13.444.09 +88.86 SET INDEX 678.37 +1.47 JAKARTA COMP 1.064.693 +2.504 MANILA COMP 1.834.06 +15.19 SEOUL COMP 932.45 +7.45 SHENZHEN 8 256.66
    138 words
  • Page 1 Advertisements

  • TOP STORIES
    • 539 2  -  It adds to complexity, costs and management time By RAJU CHELLAM [SINGAPORE] Outsourcing of infotech and business processing work could be going out of favour, according to two studies that suggest big companies are rethinking the concept and bringing operations back in-house. Deloitte Consulting
      539 words
    • 354 2  -  Accolades for editorial, design, print quality By WONG WEI KONG [SINGAPORE] Media group Singapore Press Holdings (SPH) emerged the biggest winner at the fourth Ifra Asia Media Awards, clinching 12 awards given out yesterday evening at a gala dinner in Bangkok. Its
      PHOTO: JOYCE FANG/ST  -  354 words
    • 715 2 Auditors doubt Greatronic's going concern status TROUBLED Greatronic received a fresh blow yesterday: its independent auditors, Ernst Young, said that they're unable to issue an opinion on the company's accounts because of conflicting assertions from the former CEO and former chairman. E&Y have also warned of Greatronic's ability
      715 words
    • 450 2 'If I were the Prime Minister and was challenged like I was challenged on many issues and I was a younger man with lots of energy, I would take everyone on and I will say, 'I will convince Singapore that this is right that
      450 words

  • INTEGRATED RESORTS
    • 587 3  -  IMPACT ON TOURISM More tourists choosing to land in China, Hong Kong, Malaysia, Thailand By ALEXANDRA HO [SINGAPOREI While Singapore has seen its tourist numbers dwindle, regional rivals have seen theirs grow. International arrivals for China, Hong Kong, Macau, Malaysia and Thailand rose significantly
      587 words
    • 410 3  -  By PAULINE NG in Kuala Lumpur SINGAPORE'S decision to go ahead with two huge integrated resorts (IRs) with casinos has major implications for Malaysia and its gaming company Genting. Country rivalry aside, the flow-on benefits from the IRs are likely to be good
      410 words
    • 422 3  -  By SHOEB KAGDA in Jakarta SINGAPORE stands to gain a major slice of Indonesia's outbound tourist trade, as well as attract some of the country's high rollers, with its plans to build two integrated resorts (IRs) at Sentosa and Marina Bayfront, sources
      422 words
    • 672 4  -  PARLIAMENT Scale of resorts gives clue to what jobs S'poreans can expect from the two projects By DANIEL BUENAS THE two integrated resorts (IRs) could provide about 1,000 casino-related jobs, 3,000 hotel-sector positions and 6,000 jobs in retail, F&B and other sectors
      FILE PHOTO  -  672 words
    • 364 4  -  In its sights is a full range of services, including prevention, early detection By CHEN HUIFEN SINGAPORE is already thinking about the knock-on business its two integrated resorts with casinos will generate. Just a day after the giant projects were given
      364 words
    • 525 4 'I feel that we need to recharge our tired businessmen and our tired local companies who have been battered by so many successive downturns, as IVe mentioned. We need to change the mood. We need to-create a new buzz in Singapore. And we need to
      525 words
    • 623 4  -  MARKET REACTIONS By JOYCE KOH MANY stocks related to the upcoming resort and casino developments started rolling again yesterday after their fortunes got burnt on Monday by poor sentiment hitting the regional markets. Almost all the counters believed to benefit
      623 words
  • Page 3 Advertisements
    • 126 3 ft-.r TSK**7. ..v. i w-vt- WUmM Kit CiifTcTi ran °m l^ 1 itMrf fl i Mmm ••>•< I tM E-Class with COMAND APS navigation system. Now you know where B is. Get from Ato wherever Bis with the COMAND APS with map on-board to receive data from navigation satellites, comes
      126 words


  • Page 5 Advertisements
    • 474 5 ■■M .„j t V «V •■JS ■-V i"'r I He 3wI^fIHHUIIHI^HIHHHHHHBHHHHBHHHHIII||I|pHBHHPVi|iII|K.ppppMPP J V- ,j' < 'V #W*» l Ot ?,?Hf|>r. M(H> '\-V .'.Uii..-- .1. v i <( a>. t/ r •>y nft 4. -~>\ w wu;, K(l io There's more to the ONE° 15 Marina Club than being out in
      474 words

  • INTEGRATED RESORTS
    • 582 6  -  Anaiysts also see new projects generating $12b in new banking loans By ANGELA TAN SINGAPORE'S planned integrated resorts, redeveloped business and financial centre (BFC) and revamped Orchard Road shopping belt could inject $10 billion into the economy over the next five years and
      582 words
    • 721 6  -  Hospitality industry expects more business for all By NANDE KHIN ESTABLISHED hoteliers, convention and exhibition space operators, and retailers are not worried about the competition that the two integrated resorts (IRs) will pose. Instead, they feel that the competition will raise service standards here,
      FILE PHOTO  -  721 words
    • 450 6  -  By GEORGE JOSEPH THE airline industry has no doubts that plans for two big integrated resorts (IRs) in Singapore would be a big boost for air traffic. "A good attraction brings more tourists, and, obviously, more airline seats into Singapore will
      450 words
  • Page 6 Advertisements
    • 211 6 W*lHm I I W 4 u WMUv 125 YcSFS f ml nl lUII Hi! f 111 I n >• Ask us about Corporate, Individusl or Group instruction. J I Call Berlitz today 6733-7472 or visit www.berlitz.com jjj 501 Orchard Road #05-03/04 Wheelock Place Singapore *****0 j jSrH*gKI^ME| I¥7l A jl
      211 words
    • 21 6 1 EnjoysdeJkjoglinegk ckufftfeciO <W^~ EStsq^S mJ Only Jfjjfl p«r main court* 3 1 "^f .Pleos« coll 6430 4119 to moke reservotioru
      21 words
    • 95 6 SIGNATURE TEOCHEW PORRIDGE Featuring Chefs Specialities Mondays to Fridays, 12noon 2.30pm I Come down to New Park Cafe for a delicious servings of Teochew i Porridge buffet with a wide T-s-r-T assortment of dishes such as Yong Tau Foo, Traditional Pig's Organ Soup, Kway Chap and more... Lunch Adult $16
      95 words
    • 26 6 I Peking 7£fPl I Duck Url I USUAL. CO I I Mb. PRICE I fca-:. to on pcr ta^'e with I oritor of $76 onwards. I
      26 words


  • COMPANY NEWS
    • 529 8  -  They say management crisis and alleged fraud case will affect future orders By MICHELLE QUAH GREATRONIC'S ability to continue as a going concern has been called into question by its independent auditors making it just the latest in a litany of bad news for
      529 words
    • 496 8  -  HOCK LOCK SIEW By MICHELLE QUAH THE independent auditors of Greatronic said yesterday that they were unable to express an opinion on the financial accounts of the Sesdaq company a position that naturally drew the attention of some investors, given the recent trouble the
      496 words
    • 514 8  -  By ANGELA TAN MOBILEONE yesterday said that net profit fell 14 per cent for its first quarter although it had 7.8 per cent more mobile customers than the year-ago period. For the three months to March 31, Singapore's No 2
      FILE PHOTO  -  514 words
    • 234 8 SHARES of forestry and pulp firm United Fiber System yesterday rebounded 8.5 cents or 36 per cent to 32 cents after the company said there was no basis for the rumours that led to Monday's massive sell-off. Some 108 million Unifiber shares changed hands yesterday,
      Source: Bloomberg  -  234 words
    • COMPANY BRIEFS
      • 84 8 VANTAGE Corp. the subject of a takeover bid by businessman Simon Cheong's SC Global Developments, yesterday said it is in talks with various parties on potential business opportunities that could advance the interests of the company. Vantage said it would keep shareholders informed
        84 words
      • 93 8 YEO Hiap Seng said yesterday a claim against a subsidiary of the company. YHS (Singapore), has been settled. The claim was filed by YCH Group on an alleged breach of a logistics agreement by YHS. Yeo Hiap Seng said that an amicable settlement
        93 words
    • 833 9  -  It offers to buy Metro's stake in Ngee Ann City for $86.7m cash By KALPANA RASHIWALA SUNTEC Reit, in which Hong Kong tycoon Li Kashing has a stake, has upped the ante in its battle with German insurer Ergo for two
      FILE PHOTO  -  833 words
    • 229 9  -  By KALPANA RASHIWALA CITY Developments has sold a further 133 units at its City Square Residences freehold condo in Kitchener Road since last Saturday when it officially launched the project, marking the start j>f an advertising campaign. It has raised its average prices by
      229 words
    • 516 11  -  Two million shares left for public subscription in IPO closing Apr 25 By RONNIE LIM ANOTHER new E&P (exploration and production) related share flotation has been practically snapped up following its launch here yesterday. The company is AusGroup, an integrated engineering services provider supporting
      516 words
    • 608 11  -  By JOSEPHINE TAY WHAT do sausages, infant formula and seafood sticks have in common? They all contain soybean protein isolates (SPI), which Pine Agritech Limited hopes to be able to produce more of after its initial public offering (IPO) next month.
      608 words
    • 314 11  -  By WONG WEI KONG THERE are enough safeguards to protect the interests of minority shareholders when foreign companies delist from the Singapore Exchange (SGX), the Monetary Authority of Singapore (MAS) said yesterday. The central bank was giving a written response to a question from
      314 words
  • Page 8 Advertisements
    • 58 8 IP i V r-. V;*"' 1 Trust in our Swiss banking heritage for your long-term security. l] -^\3s i B te.'"Vfeu^canrely oft the people of Credit Sui sse to sec urity and discretion you get are services 06? >rS6naJ*sed advice When you contact us at Singapore Branch (+66 6212 6000)
      58 words

  • Page 9 Advertisements
    • 81 9 CONGRATULATIONS To Our Exclusive Distributor For SINGAPORE MALAYSIA BRUNEI INDONESIA THAILAND I WAN K.C.HEW MANAGING DIRECTOR Yafriro Celebrer Le Temps ON BEING CONFERRED THE TITLE OF SETIA MAHKOTAJOHOR (SMJ) 1 v; Duli Yang Maha Mulia Baginda Almutawakkil 'Alallah SULTAN ISKANDAR IBNI ALMARHUM SULTAN ISMAIL SULTAN DAN YANG DIPERTUAN BAGI NEGERI
      81 words

  • SINGAPORE MARKETS
    • 910 10  -  CURRENCIES Sharp falls in stock and commodity prices call the shots LARRY WEE Senior Correspondent IT was not a pleasant week for those who have been basing their trades on the recently-popular cyclical economic recovery theme, and one which left traders struggling for a
      910 words
    • 496 10  -  Compiled by KALPANA RASHIWALA Fragrance chairman raises direct interest to 66.91 JAMFS Koh Wee Meng, chairman, CFO and founder of Fragrance Group, continues to buy more shares in the group. Fragrance, a budget hotel chain and boutique residential property developer, was listed on the Singapore bourse earlier
      496 words
    • Article, Illustration
      436 10 OTHER SINGAPORE INDICES Apr 19 VALUE CLOSE BTOB/OS -218.00 +65.00 BT CADI -*****.00 +125.00 BT 10-day MA -*****.00 -22.00 All-SG Equities 548.44 +6.22 SG Equities Elect 130.83 +1.45 SG Equities Fin 1619.61 +13.13 SG Equities Prop 556.26 +7.42 SIMSCI 251.44 +3.00 SiMSCI Futures 250.30 +3.30 MOST ACTIVE STOCKS VOLUME UniFiber
      436 words
    • 263 10  -  Compiled by R SIVANITHY Sunningdale Precision April 19 dosing: 77 cents CITIGROUP SMITH BARNEY, April 15 WE are cutting our estimates for 2005-07 by 11-12 per cent for two reasons: Slowdown in global auto market. Volume sales at Ford and GM dropped by 10-13 per cent y-o-y in
      263 words
    • 415 10  -  STOCKS R SIVANITHY Senior Correspondent AT any one time, it is always possible to see the glass as being half-full or half-empty when looking at the stock market, depending on whether the viewer is an optimist or a pessimist. An optimist might, for example, see
      415 words
    • 306 10  -  CHART POINT By LIM SAY BOON,KEN TAI OCBC Investment Research WORSE is yet to come for the Straits Times Index. The rebound yesterday is unlikely to be sustained. Any rebound is looking likely to be capped below 2,156, which is a 61.8
      306 words

  • Page 11 Advertisements
    • 1311 11 PEARL ENERGY LIMITED (Incorporated in the Republic of Singapore on 1 July 2003) (Registration Number: *****6127 D) Invitation in respect of 110,901,000 New Shares of U550,125 each comprising:(a) 5,546,000 Offer Shares at 550.70 each by way of public offer (the "Offer"); and (b) 105,355,000 Placement Shares by way of placement
      1,311 words
    • 152 11 This announcement appears as a matter of record only 20 April 2005 PEARL ENERGY LIMITED (Incorporated in the Republic of Singapore on 1 July 2003) (Registration Number: *****6127 D) Invitation in respect of 110,901,000 New Shares of U550,125 each comprising: (a) 5,546,000 Offer Shares at 550.70 each by way of
      152 words

  • SINGAPORE NEWS
    • 383 12  -  Dutch bankers switch their attention from European market By SIOW LI SEN ABN Amro Private Banking is seeking a quantum leap to its Asia Pacific business, given the region's importance as the world's fastest growing market for private banks. In the
      383 words
    • 433 12  -  By LIZA LIN IT STARTED with 200 runners almost 30 years ago a race in New York's Central Park to promote positive employee morale. Today, the JPMorgan Chase Corporate Challenge has edged ahead to become a front runner in the annual corporate social
      FILE PHOTO  -  433 words
    • 284 12  -  By CAROLYN QUEK INTERNATIONAL Enterprise (IE) Singapore has launched a programme to help Singapore-based companies going international to develop their long-term intellectual property (IP) management. Called "IP for Internationalisation", the programme will help more than 500 companies. An initial $5 million will
      284 words
    • 220 12 THE Urban Redevelopment Authority (URA) made available for application yesterday a reserve-list condominium site near the Tanah Merah MRT Station. The 235,480 sq ft site, to be offered on 99-year leasehold basis, has a plot ratio that would allow gross floor area to
      220 words
  • Page 12 Advertisements
    • 774 12 k u\ m ■T J W F y |^|pJ* 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 the forefront of corporate and financial trends in China
      774 words
    • 798 12 IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF KOBAYASHI YOKO SINGAPORE PTE LTD (In Members' Voluntary Winding-Up) Company Registration No. *****2601 M RESOLUTIONS PASSED ON 14TH DAY OF APRIL 2005 At an Extraordinary General Meeting of the Company hela at 15-5 Nihonbashi Kakigaracho 1-Chome
      798 words
    • 228 12 CONDUCTED BY: DR. MICHAEL JOHN MAWKSUY DR. VICXNAYSON THEVEMMAN I I Director, MifkmCato for lHfnstruturt < UE RishiSfltmsMwemtE*^ l Costii»GroipPl(,[l\ 12tfi May 2005 M HoW Ongmnn *9am-spm*SSB9onBttmrpix ICOURSE CONTENTS 1 OVERVIEW OF THE CONSTRUCTION INDUSTRY AND RISK > Individual Stakeholder[s] Risks in Construction > Introduction to the Construction Industry >
      228 words

  • ECONOMY WATCH
    • 596 13 Economic benefits expected, though negotiations seen to take some time Reuters [CANBERRA] A free trade deal between China and Australia would generate an extra US$B2 billion in joint economic benefits over 10 years, a study found yesterday as Australia warned negotiations with China could
      Reuters; AP  -  596 words
    • 466 13 Annual pace of price rises in March was highest in 7 years Bloomberg [LONDON] Consumer prices in the UK, Europe's second-largest economy, rose at the fastest annual pace in almost seven years in March, driven by higher prices for transport and fuels. The
      Bloomberg  -  466 words
    • 404 13 LATEST US DATA Reuters. Bloomberg [WASHINGTON] Housing starts plunged 17.6 per cent in March, marking their steepest drop in more than 14 years, as groundbreaking for both single-family and multi-family homes tumbled, a Commerce Department report showed yesterday. March housing starts fell to
      Reuters.; Bloomberg  -  404 words
    • 230 13 AP [HONG KONG] Regional travel experts expect dou-ble-digit growth in Asian tourism this year despite the recent tsunami disaster, a tourism official said on Monday. The industry is still struggling to recover in the Indian Ocean countries that were hit
      AP; REUTERS  -  230 words
    • 149 13 Bloomberg [TOKYO] Japan will not escape deflation for at least one or two more years, Mizuho Financial Group chief executive Terunobu Maeda said yesterday at his first press conference as chairman of the Japanese Bankers' Association. Interest rates will not
      Bloomberg  -  149 words
    • 372 13 AP [BANGKOK] Officials from New Zealand and Thailand signed four deals yesterday as part of a free trade agreement between the two countries. The deals, signed by trade representatives from each country, involve closer economic cooperation, labour and environmental pacts. The economic agreement
      AP  -  372 words
  • Page 13 Advertisements
    • 134 13 c i'y A BTAR ALLIANCE MSMSER WmMmm^KL v Be it Double or Extra Euroßonus points Fly Scandinavian Airlines this summer from Singapore to Scandinavia or Europe from 01 June 2005 and return to Singapore by 31 August 2005. Earn Double points* when you purchase your tickets by 18 May 2005
      134 words

  • MALAYSIA/INDONESIA
    • 639 14  -  But most say quantum could have been bigger to help small players By S JAYASANKARAN in Kuala Lumpur MAIjVYSIAN businessmen involved in the construction sector have largely welcomed Prime Minister Abdullah Ahmad Badawi's RM2.4 billion (551.04 billion) boost to the beleaguered industry but
      REUTERS  -  639 words
    • 341 14 AP [KUALA LUMPUR] US bookshop chain Borders opened its largest store in the world in Malaysia yesterday, saying the country was chosen because of its diverse culture. The 60,000 sq ft store at Kuala Lumpur's Berjaya Times Square shopping mall carries more than 200,000
      AP  -  341 words
    • 4 14
      4 words
    • 768 14  -  By PAULINE NG in Kuala Lumpur BANK Negara is expected to move on the ringgit peg once its relaxation of foreign exchange administration controls to ease current levels of swirling liquidity begins to bear fruit and the level of hot money in the system
      768 words
    • 207 14 AFP [JAKARTA] Indonesian police have arrested three top executives of a private firm linked to a loan fraud scandal at Bank Mandiri, the country's biggest lender, the attorney-general's office said yesterday. The three arrested identified as Cipta Graha Nunsantara's president, director and
      AFP  -  207 words
    • NOTE BOOK
      • 78 14 Bloomberg [MUMBAI] Tata Consultancy Services Ltd, Indian's biggest software maker, said fourth-quarter profit was 4.71 billion rupees (Ssl 78.2 million). The shares fell as much as 8.3 per cent. Sales in the three months ended March 31 were 26.03 billion rupees, the Mumbai-based company
        Bloomberg  -  78 words
      • 111 14 Bloomberg IJAKARTA] PT Semen Gresik, Indonesia's biggest cement-maker by volume, had a 43 per cent gain in fourth-quarter profit as the lowest interest rates in six years boosted construction in the country and demand for Gresik's products. Net income in the three months ended
        Bloomberg  -  111 words
      • 54 14 Xinhua [BEIJING] China has developed its home-made central processing unit (CPU) chip Godson II equivalent to Pentium 111, announced the Institute of Computing Technology of Chinese Academy of Sciences (CAS) on Monday. Godson II is China's first 64-bit, high-performance processor which supports 64-bit Linux operating systems
        Xinhua  -  54 words
      • 95 14 Bloomberg IJAKABTA] PT Bank Negara Indonesia, the country's third-largest lender, said it will delay the planned overseas sale of US$3OO million of bonds to the second half of this year after borrowing costs increased. Jakarta-based Bank Negara planned to sell the bonds in the first
        Bloomberg  -  95 words
      • 96 14 Reuters [SINGAPORE] China has plans to auction a stake of up to 50 per cent in a Shanghai water utility to foreign investors as part of privatisation drive, a source familiar with the plan said yesterday. The sale of a stake in Shanghai Waterworks
        Reuters  -  96 words

  • GREATER CHINA/INDIA
    • 586 15  -  CHINA INSIGHT Foreign companies seeking to invest in the media industry will have to live with Beijing keeping a tight rein on them JEAN CHUA Reporter MEDIA is big business. When China said last year that it would allow foreign companies more leeway
      586 words
    • 552 15 K Wah Construction will buy Galaxy for HK$18.4b from businessman Lui Bloomberg, Reuters [HONG KONG] Hong Kong tycoon Lui Che-woo plans to create the city's first publicly traded casino operator by selling a Macau casino to his group's K Wah Construction Materials
      Bloomberg,; Reuters  -  552 words
    • 168 15 Reuters [MACAU] The Macau government collected a record 3.82 billion patacas (Ss7B9 million) in gaming taxes in the first quarter, up 24.1 per cent from the same period last year, the Finance Services Bureau said. Gross revenue casino taxes made up 77.29 per
      Reuters  -  168 words
    • 243 15 [TAIPEI] Major shareholders in two Taiwanese financial institutions fired the opening shots on Monday in what could be a campaign of merger battles set to dominate the industry over the next two months, says a report in the Financial Times. The government, the largest shareholder
      243 words
    • Article, Illustration
      61 15 [MUMBAI] Indian actress Gaytri Jos hi (top left) and models display outfits as part of bridal collections by Indian designers during a so-called Wedding Fashion Show in Mumbai on Sunday. The fashion show was organised by the online matchmaking website Shaadi. com, a site which specialises in
      REUTERS, AFP  -  61 words
    • 679 15 AP [MUMBAI] If you're watching TV in Britain or flicking through a newspaper in Russia or South-east Asia, there's a decent chance the ad that made you pause and laugh was made in India. Indian advertising agencies, graphic design houses and film production
      AP  -  679 words

  • ASIA-PACIFIC/WORLD
    • 561 16 This will save financial costs of membership and annual fees Reuters [JAKARTA] A government panel has proposed that Indonesia cease being a member of the Opec oil group and instead become an observer because of the financial costs of membership, a document obtained by
      Reuters  -  561 words
    • 475 16 Reuters, Bloomberg [DETROIT] General Motors (GM) Corp yesterday posted a quarterly net loss of US$l.l billion, its worst results since the industrial icon skirted bankruptcy in 1992. Its US sales fell as the company lost market share to Toyota Motor Corp
      Reuters,; Bloomberg  -  475 words
    • 46 16 [ROME] Cardinal Joseph Ratzinger was elected as the new Pope of the world's 1.1 billion Catholics yesterday, sending white smoke billowing from the chimney on the roof of the Sistine Chapel after a conclave lasting little more than 24 hours. AFP
      AFP  -  46 words
    • 436 16 Fund wants more reforms in both economies Reuters, Bloomberg [SACRAMENTO] The investment board of Calpers, the largest US pension fund, on Monday approved its annual list of emerging markets in which the fund can invest. China and Russia are notably absent from the
      Reuters,; Bloomberg  -  436 words
    • 305 16 Bloomberg [LONDON] Futures traders, who bet US$22 million on the outcome of the US presidential election and US$4 million on the Superbowl, and had wagered US$5lO,OOO on predicting the next pope were able Jto call in their bets as white smoke poured
      Bloomberg  -  305 words
    • 173 16 Reuters [BANGKOK] Thailand has shelved its ambitious US$7.3 billion plan for an oil "land bridge" after the Dec 26 tsunami made potential investors question its safety and viability, a senior Energy Ministry official said yesterday. "Tsunami risks around where the sea ports would
      Reuters  -  173 words
    • WORLD WATCH
      • 46 16 Bloomberg [LONDON] Genting Bhd, Asia's biggest publicly traded casino operator, increased its stake in England-based Stanley Leisure to 19.1 per cent by buying about 1.74 million of Stanley Leisure's shares, according to a Regulatory News Service statement. —Bloomberg
        Bloomberg  -  46 words
      • 56 16 AP [NEW YORK] Financial services provider Merrill Lynch Co said yesterday that Q1 earnings fell 3 per cent year-on-year due to challenging market conditions in March. Net income dropped to US$l.2l billion or US$l.2l per share in the January-March period. Net revenue grew
        AP  -  56 words
      • 45 16 Bloomberg [BANGKOK] Siam Commercial Bank Pel said Q1 profit fell a less-than-expected 28 per cent because higher interest and fee income helped cover a decline in investment gains. Net income dropped to 4.93 billion baht (Ss2o6 million). Bloomberg
        Bloomberg  -  45 words
      • 59 16 Reuters [LONDON] Global pharmaceutical sales grew 6 per cent in the 12 months to February in leading markets, unchanged from the rate recorded a month earlier, healthcare information company IMS Health said yesterday. Sales in 13 leading markets, which account for more than
        Reuters  -  59 words
      • 53 16 Bloomberg [NEW YORK] Lucent Technologies Inc said fiscal Q2 profit more than quadrupled as increased demand from wireless carriers boosted sales. Net income rose to US$2B2 million from US$6B million a year earlier. Sales for the period ended March 31 rose 6.4 per cent
        Bloomberg  -  53 words
      • 61 16 AP [ATIANTA] The Coca-Cola Co, the world's largest beverage maker, reported an 11 per cent drop in Q1 profit despite a solid increase in sales The results beat Wall Street expectations. For the three months ending March 31, the Atlanta-based company said
        AP  -  61 words
  • Page 16 Advertisements
    • 42 16 5 Lianhe Zaobao T I I Optimism I I in Chinese I II telecoms I Ijg market I I jSsfj leads I I China City One I I m 5 Communications I I «|!J to seek listing I I 5H here I
      42 words

  • WORLD
    • 700 17 Practice of 'gallon pushing' helps firm meet earnings estimates for 8 of 12 quarters [ATLANTA] Coca-Cola misled investors in the late 1990s by failing to disclose a programme meant to artificially boost revenue in Japan, the Securities Exchange Commission said on Monday
      700 words
    • 426 17 US$2b fund invests in basic industries and commodities NYT [NEW YORK] Lehman Brothers has agreed to buy 20 per cent of Ospraie Management, a hedge fund that manages about US$2 billion and invests primarily in basic industries and commodities, sources said on Monday.
      NYT  -  426 words
    • 378 17 He proposes host of new laws to arrest growing problem Reuters [NEW YORK] New York At-torney-General Eliot Spitzer, who has taken on Wall Street, mutual fund managers and the insurers over abuses, is turning his attention to identity theft and computer hacking. Mr Spitzer's
      Reuters; AP  -  378 words
    • 328 17 Cox News Service [LAS VEGAS] Advanced Micro Devices' (AMD) chief executive Hector Ruiz boosted his company's campaign to become the entertainment industry's preferred technology provider yesterday, announcing a partnership with the Dream Works SKG studio in a speech to broadcasters. "I predict a renaissance in
      Cox News Service  -  328 words
    • 350 17 NYT [NEW YORK] Martha Stewart, six weeks out of federal prison and still under home confinement, on Monday signed another major deal, this time with Sirius Satellite Radio to broadcast a 24-hour channel featuring lifestyle reports aimed at women. Since Stewart, 63,
      NYT  -  350 words
    • 263 17 NYT [NEW YORK] Amid pressure from the Universal Music Group, America Online (AOL) has struck a deal to pay for the use of Universal's music video libraries for its online service, people involved in the deal said. The licensing agreement, expected to
      NYT  -  263 words

  • AVIATION
    • 822 18 Fuel prices pushing industry towards fifth straight unprofitable year Bloomberg [CHICAGO] AMR Corp's American Airlines, UAL Corp's United Airlines and their competitors are likely to report a combined US$2 billion in first-quarter losses, as a jump in jet-fuel prices pushed the industry
      Bloomberg; BLOOMBERG FILE PHOTO  -  822 words
    • 385 18 AIRLINE CODES: AA: American Airlines (AAL), AF Air France (AFR), AI: Air India (AK), AY Finnair Oy (FIN), AZ: Alitalia Airlines (AZA),BA: British Airways Public Ltd Co (BAW), BG Biman Bangladesh Airlines (BBC), BI: Royal Brunei Airlines Sdn Bhd (RBA), BO Bouraq Airlines (BOU), BR EVA
      385 words
    • 479 18 [HONG KONG] US Transport Secretary Norman Mineta got short shrift in Hong Kong yesterday as he urged air industry leaders to back his call for an open skies deal between the US and the Chinese territory. Mr Mineta was accused of making demands
      AP  -  479 words
    • 335 18 Bloomberg [SINGAPORE] Changi Airport, Asia's sixth busiest, said that it handled 11 per cent more passengers last month because of increased travel demand during the Easter weekend and the week-long school holidays. The airport handled 2.63 million passengers in March, the Civil Aviation
      Bloomberg; FILE PHOTO  -  335 words
    • 177 18 Bloomberg [HONG KONG] Air China Ltd, the nation's biggest international carrier, said it began flying between Hong Kong and Hangzhou yesterday, a week after Hong Kong's airport manager invested in an airport in eastern China. Air China's new daily service increases to 12 the number
      Bloomberg  -  177 words
    • LOG BOOK
      • 125 18 Reuters [LONDON] British Airways said that it would increase flights to India later this year after the Indian and UK governments agreed to open up air services between the two nations. BA, Europe's second-largest airline, said in a statement that it planned
        Reuters  -  125 words
      • 103 18 Xinhua [HONG KONG] Cathay Pacific Airways said that it would add services to Frankfurt and Denpasar to further bolster its enhanced summer schedule. There will be three new weekly services to Frankfurt, while four will be added between Hong Kong and Denpasar. With its
        Xinhua  -  103 words

  • SHIPPING
    • 430 19  -  Proposed maritime strategy to include new shipyards, expansions and university By DONALD URQUHART With an eye ,son explosive shipbuilding and repair growth last year, India is planning to develop gitwo or three major shipbuilding hubs in the country as part of its one trillion
      430 words
    • 128 19 Bloomberg [LONDON] Top Tankers Inc, an Athens-based shipowner whose shares began trading in the US in July, paid US$46O million for 15 vessels that carry dry-bulk commodities such as coal and iron ore, the Athensbased shipbroker Optima said. Top Tankers, which operates
      Bloomberg  -  128 words
    • 49 19 [MARSEILLE, France] Vehicles were set afire as striking French seamen turned violent in the southern French port of Marseille on Monday. Police intervened after some 150 seamen tried to blockade access to the ferry port to protest against reforms in the French shipping registry AP
      AP  -  49 words
    • 920 19  -  STRAIT TALK By DAVID HUGHES TODAY should mark the start of crucial talks on the International Labour Organisation's Consolidated Maritime Labour Convention, which would give the global shipping industry a set of standards relating to employment and working conditions. The
      920 words
    • 689 19 Govt firm to setup electronic futures exchange at Fujairah port Bloomberg [DUBAI] Dubai plans to challenge Singapore in the US$25 billion market for marine oil by setting up an exchange that will allow futures trading in marine oil at the port
      Bloomberg  -  689 words
    • 233 19  -  By DONALD URQUHART [SINGAPORE] Neptune Orient Lines (NOL) announced the departure of long-serv-ing executive Hans Hickler from the group's logistics division. NOL said Mr Hickler, who is currently the CEO of APL Logistics, has resigned to pursue "another opportunity". The container shipping and logistics group
      233 words
    • 292 19 SGX '000 Apr 19 SS Vol CH Offshore 0.35 0.01 325 ChuanHup 0.72 0.01 529 Cosco Corporation 1.73 0.02 3878 CWT Distribution 0.63 unch 5 Ezra Hldgs 1.25 0.01 210 Freight Links 0.08 unch 274 Grand Banks Yacht 1.00 unch 0 Java Holdings 1.07 0.02 386 K1 Venture-
      292 words
  • Page 19 Advertisements
    • 93 19 One-Stop Shipping Services Ship Registrations Ship Classifications Radio Accounting Tuvalu, Mongolia, Panama, Quality, Safety, Security jSarvlCOS Belize and many other flags Surveys and Consultants Accounting Authority RSO6 Advantages Most competitive fees low taxes W/jSKeM-j-'*—■ 24-hour efficient service, 365 days a year Wor,dwide network surveyors No restriction on nationality of ownership/crew
      93 words

  • EDITORIAL & OPINION
    • 543 20 EDITORIAL RECENT macroeconomic data once again reveals the negative correlation between high oil prices and economic growth, though oil prices alone are not at fault. There is concern that the US economic imbalances and the weaknesses in European and Japanese economies have been
      543 words
    • 1420 20  -  It also proposes to Chinese officials an extension of the energy pipeline to China By ANAND GIRIDHARADAS International Herald Tribune AN INDIAN Cabinet minister has proposed to Chinese officials to extend to China a controversial, and as yet unbuilt, transcontinental pipeline in an attempt to serve both
      International Herald Tribune; AP  -  1,420 words
    • 863 20  -  THE BOTTOM LINE CAROLINE BAUM Bloomberg FROM too hot to too cold, all in a matter of weeks. It wasn't too long ago that the economy was firing on almost all cylinders, the exception being the drag exerted from the soaring trade deficit. The
      Bloomberg  -  863 words
    • 2711 21 The following is the speech made by Minister Mentor Lee Kuan Yew in Parliament yesterday, on the proposal to develop integrated resorts IAM anti-gambling. As a child in primary school, I saw my father become a problem gambler for several years. I watched
      FILE PHOTO  -  2,711 words

  • Page 21 Miscellaneous
    • 321 21 CRYPTIC CROSSWORD Arnncc sured record? (5) 6 Bridge-a card game(7) 1 Big Brother couturier hold- 7 excuse f or j n fj rs^. ing copyright on trash (8) c ass (5) 5 Onset of sudden agony grip- q Bill admitting new senator is ping radius 6) rubbish (8) l&Q) doctor
      321 words

  • 2556 22 SGX XTRANET 52-M Tel latf Vol Day LaM Quote GrtMv Mv GrYld MM MCaa low Code Camp my Sale W- CBOO) Higli low Inyo So»Qf Cor m imk 6065 Diamonds US2060xd 2120 6095 IS OJ US Tech US3740 6097 ISMSCI Spore USSSS 6101 ISS&PSOO US8270 6170 SPDRS US*****
    2,556 words

  • 3387 23 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local tuct la ft In OH *y» dy yr dy %yr Apr IB Inrfet Chang* Change Chaixy Change Change Change iVuld Irden PnjWmury S7S4 10 31 09 14 -C8 41 IIA7 Preliminary 7702 -2.1 03 -1.7 21 -1.7 3 6 urope Preliminary
    3,387 words

  • Page 24 Advertisements
    • 2069 24 I TO USA/CANADA I I EXPORT I I OTHER DESTINATIONS I VESSEL I VOY PKG pTA SI LONG BEACH [DALLAS [HOUSTON MEMPHK[CHICAGO NEW YORK TO AUSTRALIA (AUSTRALIA ASIA EXPRESS) OOCLROTTERDAM IIEI6 19/04 20/04 I 06/05 12/05 13/05 11/05 11/05 14/05 viSSB VOY TttsHT KG FRE RNE SYD MB APt OOCLNINGBO
      2,069 words
    • 853 24 [iMTMAfift ttWVKff vßsa/vor umST' hbchtctu to km m an jkt STRAITS VENTURE OC/D5 15 3.2 11/04 13/04 STWITSVBCTUKM/05 15 J.! 22/04 01/05 03/05 05/05 STMTS VENTURE» 1 30 I 4.25 73/04 25/04 27/04 laustrauan roro snvm j vßsa/vor imrnml HBGwrtDi ia isw ijkt m std m hhiswiui KUSSEI/37 70 5
      853 words

  • Page 25 Advertisements
    • 1186 25 MOL Combines a range of shipping modes fo ensure imely, reliable services covering major ports n I North America, Europe, Japan, Asia, Africa Oceania. Abo ecupt kHrfAsia Cdrpit Ik BUSAN/KWANGYANG SHANGHAI YAMTIAN XIAMEN QMGDAO KiAWAN/ JAKARTA SURABAYA I KAOHSIUHG lANGKOK LAW CHAIAMG HOafIMMH PASW GUPAMO PtMAMO PORT KfIAHG For Schedules,
      1,186 words
    • 1256 25 rasa TOY SIN JKT HKG[KHhT»K KYH PUS VESSEI VOY SIN JKT SUB HKG USN WIS HY PROGRESS 094S 21/4 23/4 28/4 30/4 2/5 4/5 VS KMTC SPOKE SMS 24/4 27/4 28/4 3/5 7/5 8/5 HYBRIDGE W3S 28/4 JO/4_ _5/s__7/5_ J»/5_ JI/5_ KMTCSHANGHAI 506S 1/5 4/5 5/5 10/5 14/5 15/5 HY
      1,256 words
    • 764 25 WEEKLY EXPRESS SAILING SCHEDULE I ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICO POINTS I vtssa I voy I sm I pjoangl colqwio I n sheva 1 cocowo I 1111 1 1 I Also KCEPTMG FQ TO GOO* TUTKOtW (VIA COUMMO) AND UNBU t GOaI (VIA N SKVA) CONNICnNC MOTHS
      764 words

  • Page 26 Advertisements
    • 945 26 IJuAf WALLENIUS WILHELMSEN website: http://www.2wglobol.com VESSEL "VOT ROUP HEIGHT SIN IK ~MAP~ HOW ~WIA SAY Ml ORF NTC ~«T" MOt TAMPERE AISI2 4001 MS 6.3 M 02/05 04/06 13/0* 16/06 14/06 TAMPA AFSII 4201 MS 6.4 M 05/05 30/05 09/06 13/06 17/06 15/06 19/06 TARAGO Afsl2 3201 MS 6.4 M
      945 words
    • 1250 26 vksii voy sin pcu _*Bsa m mm mt PAC lANDA 1440 M 14/04 17/04 Mil- 4162 17/04 W/M PAC MICA 17/04 HCmuu J2SS IS/04 21iM CSff 2301 0108P 17/04 11/04 nc uu 4143 24ISA 21M PAC lANDA 14S0N 17/04 11/04 PAC ianda MsiN PAC lANDA 14S2N 20/04 21/04 vlssl^^j^VOr|Sl)<^^DJ^^ PAC
      1,250 words
    • 701 26 BSA x l S&l^^^V' MYANMA n FIVE STAR UNE {Mvmm Natioaol Um) Itodhj far Ymgoa VBSa VOT SM PU PEN PGU PAGAN 341W Sl* HPA-AN 337W SIB IN MALAYSIA: lOUSTIAD SHIPPING AGENCIES KUI/PKL 03-*****344 PEN: 04-*****15 ACCEPTING COiVEMTIOMAL C6O VESSa VOT HKG SM PGU PU KIK MARINE EMBLEM 17 SID
      701 words

  • Page 27 Advertisements
    • 1345 27 m /I S pore Agents lAL Skipping Agency (S) Pt» Ltd (CR NO: **********0Z) \»1 (J 1 180 CecilsirtitT* 11-03 Bangkok lank Building, Singapore *****6 center asi ci JL,ines m Fax:6373-6433 w.k.T».: www.iittnsiiiiMs.cMi SUPER EXPRESS SERVICE TO HONO KONQ A JAPAN VESSEL VOY O$K »0> SMZ TTO YOK HKG Ptt
      1,345 words
    • 990 27 I /T~\ DH7 I IMC6 MAIN: TO: (221-1333 FAX: 6221-5272 I VL LI I* CD npf Tn#fnn w QISTOMB SERVICE:TIL 6221-5596 FAX: 6227-1190 I /WfCL.I SINGAPORE:TONGXX)SHIPPINGPTI LTD OINO- *****5M000C ta* ksskis|«®l|»us«.n mwmjidmnMm Mwm cowTMiiutt mwcis hom mww nm whw to mmwb, mtuumm mkb wtomST Ilvtssa ~voTrasiioi~"ii vKsa voT n»sw UtT"
      990 words
    • 341 27 Liner breokbulk tervue S.I. Aiio/USA vite ver»o SPECIALISE IN HEAVY LIFTS A PROJECT CARGO WMM DmUmMM MV INDUSTRIAL CENTURY 24/04 Mow. YMm, Ua| on Mkmrml SINGAPORE MV INDUSTRIAL CHARGER 25/0} ShagM, Mm* Tititu, Lm| tadi/StwfctM, Villi ill, OlWs ports in USA, Mexico, Cambeon A South America on inducement. lINOAPOM 8555
      341 words
    • 664 27 HBHHTiGERKARiwsinMw ■HWPlim TIGER SEA 276H 22-23/04 29-01/05 06-07/05 1 HUmKUI TIGER SKY 277N 26-27/04 03-05/05 10-11/05 1 TIGER WAVE 271S W 29/04 FOR DISCHARGING ONLY I ■■■■ERIC GIBSON 016 30-01/05 06-01/05 13-13/05 TIGER PEARL 279N 03-04/05 10-12/05 17-18/05 »!T?fcrTyn«TlG»tfl»lT 102 75-25/04 07-04/QS 17-13/05 MWMRMPHUTAN 314 25-26/04 04-06/05 13-14/05 1 ■UUIH
      664 words


  • MOTORING
    • 516 29  -  By SAMUEL EE THE Toyota Corolla Altis continued to be Singapore's most popular car in the first quarter of this year, and not the Nissan Sunny as reported two weeks ago. The Sunny was said to have been the No 1 car with the
      516 words
    • 598 29  -  Flying Spur lands 5 pre-launch orders; distributor targets 'conquest' clients By SAMUEL EE FIVE people have already ordered new Bentley Continental Flying Spur limousines, and at least half a dozen more are expected to sign on the dotted line after tonight's launch. The
      598 words
  • Page 29 Advertisements
    • 503 29 Tjhe, Challenge oftChanqe:i Breaking, Qutoftthe, Mate, ?*NW 'Wm 12 May 2005, 9.30 am to spm, The Ballroom, Suntec Singapore \m *t 'i W* fa Is your company facing a dilemma over the choice of transforming or reforming current business practices? fa Is your organisation stuck in the neutral gear in
      503 words
    • 276 29 6 PLOTS OF GOOD CLASS BUNGALOW LAND FOR REBUILD Location 0 TangliiV Chatsworth vicinity *****,*****,*****,*****5qft Elevated or flat land Wide frontage, panoramic view Very quiet private exdusive OPEN HSE BY APPT. PLS CALL KHTAN 9456-7348 NEWSMAN REALTY PTE LTD I fed toll-frtc 1860 289 8822 "HKfSfrtpll.COM.su In the Matter of
      276 words
    • 78 29 THE TEN TENORS //fi. w A >. ~r I- ji A M M v- ipPWUs Bl Uir~ i 4 musical tour de force that strikes a chord with opera fans, pop lovers and rock enthusiasts May 11 12 Esplanade Theatre $38, $58, $68, $88, $98, $118 (SISTIC charges apply) SISTIC
      78 words

  • EXECUTIVE MONEY
    • Article, Illustration
      317 30  -  Indian equity sector review By Chua Boon Lee After busting to a recorihigFi in early Marti the Incfian equity martet experienced a shaqipdhrt. this month. Despite figthei inywmißfe ii tfe domestic fiscri and curat account balance* shares in Mb traded tie setaff in emenjngmarioe& Investors focused on rising global
      317 words
    • 1060 30  -  YOU AND THE TAXMAN CHOO ENG CHUAN and LIM GEK KHIM weigh the difficulties of claiming capital allowances on renovation and refurbishment expenses CHOO ENG CHUAN and LIM GEK KHIM By ERNST YOUNG IT may be time for an extreme makeover for your shop or restaurant, that
      By ERNST & YOUNG  -  1,060 words
    • 34 30 UNIT TRUSTS FUNDS LEGEND:All prices are indicative;Broadly Diversified; Narowly Focused;$ 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
      34 words
    • 1224 31  -  Expect at least the following work to be done; otherwise, he is wasting your time and money CHRISTOPHER TAN RECENTLY someone jokingly told me that after seeing so many advisers and reading so many articles in papers and magazines he thinks he can
      1,224 words
    • 799 31  -  Some of the best US asset managers warned of an overvalued stock market CHET CURRIER Bloomberg You can't say they didn't warn us. One striking aspect of the recent decline in stock prices is how many top-performing fund managers saw trouble coming. It
      Bloomberg; REUTERS  -  799 words
    • 389 31  -  By GENEVIEVE CUA TRADING newbies will need a lot of handholding and that is just what a new Options Traders' Club of Singapore has set out to do. Club secretary Sein Chew says many course providers do not provide a lot of
      389 words
    • 951 32  -  GENEVIEVE CUA talks to the options and markets trainers to find out what their courses seek to do GENEVIEVE CUA FANCY making a million dollars from the stock market? Or becoming a trading wizard by attending a two-day semiAdvertisements for courses to teach people
      951 words
    • 192 32  -  Joe DiNapoli 'Asians in general tend to be high-risk players. Technical analysis tries to quantify risk and allows you to enter and exit markets at low risk. I teach people all over the world, and I find Asians seem to have a cultural disposition towards high risk.
      192 words
  • Page 30 Advertisements

  • Page 31 Advertisements
    • 8 31 Booster Capital Guaranteed Fund SGDRID 07/04/05 9,75 SGD
      8 words
    • 140 31 International Business Park (IBP)Close to Jurong East MRT station and bus interchange rTTffcTTffljßMl 115sqm onwards Raised floor system Column-free layout rnBRBBBfH 142sqm onwards Great tenant mix Column-free layout Changi Business Park (CBP) 10-min drive to Changi airport and close to PIE ECP 127sqm onwards Next to Singapore Expo Expo MRT
      140 words