The Business Times, 3 May 2005
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2005-05-03
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The Business Times
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Title Section15 2005-05-03 1 THE BUSINESS TIMES Tuesday, May 3,2005 SINGAPORE 85 cents online at http://lNJsiness-times.asialxom.sg MICA (P) 089/03/200515 words
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806 2005-05-03 1 TEH HOOI LING - New rules stump issue managers, hold up IPOs By TEH HOOI LING [SlNGAPOßE] More than three months after Beijing put in place new regulations on the restructuring of Chinese companies for overseas listing, issue managers are none the wiser about how to proceed. And806 words
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Article, Illustration840 2005-05-03 1 JOYCE KOH - His body will lie in state at the Istana until Thursday By JOYCE KOH [SINGAPORE] Former president Wee Kim Wee died yesterday aged 89 from complications arising from a relapse of prostate cancer. Mr Wee, who was Singapore's fourth president and served from840 words
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Advertisement56 2005-05-03 1 DINING OUT LB Ruringfusion with finesse m PG6 *7 //j| SME SPOTLIGHT Grooming SMEs to lead growth pg io COMMENTARY GuocoLand deserves a closer look now PG4 HHT INTEGRATED RESORTS j*- jriKPjjfcj* MiJn. •< Premium Automobiles Showrooms: 55 Übi Road 1 Singapore *****9 Tel: 6388 2323 9 Leng Kee Road56 words
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Advertisement18 2005-05-03 1 PROPERTY More buzz seen in auction market PG2B ma 8 "887 81 *****4 Markets Digest on Pg 218 words
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TOP STORIES
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522 2005-05-03 2 It'll do so to quell inflation despite signs of slowing growth: analysts AFP [WASHINGTON] The Federal Reserve is expected to raise US interest rates again today to quell inflationary pressures in the world's biggest economy, despite evidence of slowing growth. TheAFP - 522 words
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Article, Illustration392 2005-05-03 2 'Dr Wee belonged to the first generation of Singaporeans who built the nation we have today. In many ways, his life story and humility represent our shared wish for Singapore to be a society where everyone has full and equal opportunities, where the successful help the less successful, whereLALI FOOK KONG/ST - 392 words
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Article786 2005-05-03 2 First Link appoints new chief executive FIRSTLINK Investment Corp yesterday said that it has appointed Ngu Tieng Ung its chief executive and managing director with immediate effect. The company, formerly known as Singatronics, did not give any reasons for the move, nor say who Mr Ngu, an executive786 words
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Article75 2005-05-03 2 MARKETS Monday Change KLSECOMP ttatd NIKKEI 225 11,002.11 HANG SENG dostd SET INDEX dostd JAKARTA COMP 1,026.522 -3.091 MANILA COMP dostd SEOUL COMP 918.42 +7.12 SHENZHEN B dosed r BOMBAY IND 6,195.15 +40.71 At 12.00 noon EST Change DOW 10.225.34 +32.83 NASDAQ 1.923.54 +1.89 PRIME RATES i SINGAPORE75 words
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Advertisement31 2005-05-03 2 how Freshly brewed coffee on an interactive touch-display panel. \jtj Equipped with the innovative Saeco Brewing System, Saeco's stylish and elegant automatic Mll espresso machines ensure high performance. <y-^, into a31 words
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Advertisement30 2005-05-03 2 BT ONLINE Access to BT Online is free after 6pm each day. But print subscribers can access our online news anytime. Call 6388-3838 to subscribe and activate your online account30 words
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Advertisement716 2005-05-03 3 Advertising feature /^Bt£B^H^^^^^R^^^HBSjT99P9^99WOT^H ur :^y mski"<r rf *> j^^jBjtK^^^ m 1 Sy^~B JifliMl—JilkMjil *lJ^^BWlQld^BF^^fMlMMgMHMiM^MMIMH UMpy.'jg. 7^5!@n8*a jfl r —iflEMMflftB MP* Don't miss the boat Singapore's One° 15 marina club, which offers unending j ''S^MM^^^W|jMB[ experiences of yachting, world-class golfing, serene stretching and Riviera-style dining, is the right place for l%f716 words
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COMPANY NEWS
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Article, Illustration382 2005-05-03 4 CEO says two sides disagree over terms for joint purchase Bloomberg [SINGAPORE] Hana Bank, South Korea's fourth-larg-est lender, said it may fund a US$475 million takeover of Daehan Investment Securities Co because of a disagreement with its biggest shareholder, Temasek HoldingsBloomberg - 382 words
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772 2005-05-03 4 KALPANA RASHIWALA - HOCK LOCK SIEW By KALPANA RASHIWALA Malaysian tycoon Quek Leng Chan's Singaporelisted property unit GuocoLand hardly features on the radar screens of research analysts here especially those with big international firms. The company's market capitalisation is too small well under $1 billion to whet772 words
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348 2005-05-03 4 JOYCE KOH - By JOYCE KOH FIRSTLINK Investment Corp said yesterday it has appointed executive director Ngu Tieng Ung chief executive and managing director. The company, formerly known as Singatronics, gave no reason for the appointment and did not say who Mr Ngu is taking over from.348 words
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Article, Illustration677 2005-05-03 5 TEH HOOI LING - 61.2b S$ shares worth $59.9 billion traded down 20% from last year By TEH HOOI LING TRADING in the local stock market in the first four months of this year fell far short of what players had expected. Between January and April, 61.2 billionBLOOMBERG - 677 words
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326 2005-05-03 5 ROLAND LIM - By ROLAND LIM ELECTRONICS designer and manufacturer ElectroTech Investments is hoping to raise $27.7 million in net proceeds from its initial public offering to fund the expansion of its operations into Eastern Europe. Gooi Soon Hock, president of Electro Tech, said the company will326 words
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259 2005-05-03 5 NUMBER CLOSMG GROSS MUUNTY YEAR RAISED COUPON AMOUNT MEREST Of DAYS Of fWCES* fltOEMTKJN ISNGOOE DATE RAH (Vn) FWICNT ACCRUED CXHJONG Y*ID (fcjxa) MRS MEREST AOQRUED MlltSD 15.10.2005 N *****0A 1998 43/8 3600.00 ISM ISflO 14 101.09 1.99 SG********** 01.02.2006259 words
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Advertisement389 2005-05-03 4 citigrouiSr private bank "In our view, the chief reason behind the consistently strong earnings profitability is the fact that the Private Bank is able to Thinkingfor Generations leverage Citigroup's vast infrastructure... J Glenn Schorr, ÜBS Invtftmtnt RmmkH, February 1004 Wealth Management Associates "...The Private Bank at Citi is a good389 words
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Advertisement62 2005-05-03 5 jjrNever Actually Own JITA Patek Philippe. You Merely Look After It For Bl W jm tM WgKES^^^SBKHBff EXCEPTION •<v^ iv V $> .1 l#pk'' WATERMAN PARIS Available at CK Tang. Robinsons CentrePoint, Robinsons Raffles City. Seiyu Bugis Junction. Takashimaya and selected pen retailers \lf Exclusive Distributor. Beste (S) Pte Ltd62 words
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DINING OUT
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Article, Illustration1861 2005-05-03 6 Top chefs Sam Leong, Chan Kwok and Sebastian Ng show their stuff Jade at Fullerton Hotel 1 Fullerton Square. Tel: 6877-8188 SAM Leong is often a shoo-in for Ethnic Chef of the Year but has instead won both Chef and Executive Chef of the year. Usually1,861 words
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SINGAPORE NEWS
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Article, Illustration799 2005-05-03 7 CHEN HUIFEN - Measure quality in terms of structure, process and outcome, he says By CHEN HUIFEN WHEN asked what he thought of the competitiveness of Singapore's healthcare sector, Rand Health director Professor Robert Brook gave it top marks for rhetoric. In actual fact, the converse may799 words
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608 2005-05-03 7 CHEN HUIFEN - By CHEN HUIFEN MOUNT Alvernia Hospital might have been better known as a locally-focused, community-based healthcare provider, but it is hoping\o gain ground in the foreign patient arena as well. Despite being late in the game, the 303-bed private hospital now derives almost 5608 words
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Advertisement8 2005-05-03 7 Booster Capital Guaranteed Fund SGDRID 21/04/05 9,75 SGD8 words
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Advertisement44 2005-05-03 7 LIFE WELL DESIGNED. GRAND HYATT K Rk J It I- 1 W J A IF m M AMMAN ANKARA (2006) BALI BANGKOK BEIJING BEIRUT (2008) BERLIN CAIRO DUBAI FUKUOKA GUANGZHOU (2007) HONG KONG JAKARTA MELBOURNE MUMBAI MUSCAT SAO PAULO SEOUL SHANGHAI SINGAPORE TAIPEI TOKYO44 words
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INTEGRATED RESORTS
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Article, Illustration2340 2005-05-03 8 Arthur Sim - LIVE, WORK... AND PLAY Sentosa and Marina Bayfront are where the integrated resorts will be built. Arthur Sim checks out what's happening at the two sites and reflects on the opportunities and pitfalls they face Arthur Sim MARINA BAYFRONT 2009 S SINGAPORE is only 40 years old but has gonePhoto: URA, artist impression; Source: URA; Artist impression - 2,340 words
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SME spotlight
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Article, Illustration1337 2005-05-03 10 NANDE KHIN - Funds will be easily accessible for local enterprises with good projects and fundamentals by the end of the year, says NANDE KHIN NANDE KHIN BY the end of this year, all the small and medium local enterprises in Singapore which deserve to get the fundingFILE PHOTO - 1,337 words
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Article, Illustration894 2005-05-03 11 NANDE KHIN - Melding the modern with the traditional in providing holistic care serves as a catalyst for Ma Kuang's growth, says NANDE KHIN NANDE KHIN IT may be offering traditional Chinese medicine (TCM), but there's nothing old-fashioned about Ma Kuang Healthcare Group's treatment methods, nor the way it runARTHUR LEE - 894 words
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Article, Illustration755 2005-05-03 12 ANGELA TAN - SMALL CAPS Hainan piling firm sees better growth than last 2 years, plans to expand outside its home base after 2006, says ANGELA TAN ANGELA TAN SINGAPORE-LISTED, Hainan-based piling specialist China Great Land Holdings expects 2005 earnings growth to be better than that in the pastCHRIS LOH - 755 words
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Article1133 2005-05-03 13 NANDE KHIN - CONNECTING BUSINESS WITH HSBC Knowledge and trust play big role when it comes to exporting or importing, NANDE KHIN reports NANDE KHIN Question: How should a company decide which payment method to use? Lawrence Chia: It depends. A telegraphic transfer or TT is cheapest in terms of1,133 words
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Advertisement1141 2005-05-03 10 im Amtek IS AMTEK ENGINEERING LTD (Incorporated in the Republic of Singapore under Registration No *****3886K) NOTICE OF EXPIRY OF WARRANTS TO: ALL HOLDERS OF WARRANTS TO SUBSCRIBE FOR SHARES IN AMTEK ENGINEERING LTD (THE "COMPANY") THIS IS AN IMPORTANT NOTICE WHICH REQUIRES YOUR IMMEDIATE ATTENTION. Holders of Warrants ("Warrantholders")1,141 words
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Advertisement52 2005-05-03 10 THE NEPTUNE COLLYER QUAY DIAN XIN ATTHE NEPTUNE Enjoy excellent lunch and dian xin served on trolleys. Reservations: 6224 3922 (2te) MHJQkwM omnrom A division of Overseas Union Enterprise Limited (Company Registration No *****0050E) Managed by Meritus Mandarin Singapore 7th Floor, Overseas Union House, Coflyer Quay Singapore *****1 Tel: +6552 words
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Advertisement129 2005-05-03 11 A local brand brings sparkle to relationships. A global bank provides rock solid support to the local brand. Growing companies need connections to flourish. And we support Our solutions range from commercial lending and trade services to cash you with more than that. We offer a comprehensive suite of financial129 words
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Advertisement46 2005-05-03 12 Mom, tkank you fojp J with, 1 wsm&M ii I 1 mi 11 lil-M T'iii'lJ J Vtikttt t Phoenix Gtrdcn CadP£ Price $29.«<>♦♦+ (Adult); $l 8 »«>♦♦♦ (Child) IBBBMBBBBIBBIHBBHIM iff f- K >. 1 Venme t PWmx Gwrd«» Cafe. *3Kkii Mi m i&&» Pric« 1 (Adult), $19.80-++ (Child)46 words
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Advertisement186 2005-05-03 12 E5O Leaders Talk Question: Which Singapore company has businesses in Azerbaijan, Brazil, Bulgaria, China, Kazakhstan, the Netherlands, Norway, the Philippines, the the United Arab Emirates and the USA? Answer Keppei Offshore Marine the worid's No. 1 designer and builder Mf of offshore rigs. It is also a leading yard for186 words
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Advertisement184 2005-05-03 13 presents a^p lagMrattea of 50 parftdpaals iw, pliaie cafc §31> WML !,200S,Saatfay Hal Stadhsn i on c un Walkers $4 Registration (Before May 15) :onvenience stores Fair Price Xpress :heersstore.com for details) 9S Fridays: 12 noon to Bpm undays Public Holidays: 11am to 9pm *oint (Level 1) flail Area) nation184 words
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Advertisement221 2005-05-03 13 PARTICIPANTS Dalip Puri, head of transaction banking, HSBC Singapore. Trade service is a core competency of HSBC Group, which has supported and financed international trade since it was set up in 1865. Chris Koh, director of Pacific Garment Manufacturing, a contract manufacturer for such brands as Lands' End, Gap, DKNY221 words
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ECONOMY WATCH
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533 2005-05-03 14 ANTHONY ROWLEY - Trade chiefs from S Korea, Japan, China also hold separate meeting By ANTHONY ROWLEY in Istanbul FINANCE Ministers from Japan, China and South Korea will hold a special meeting today on the sidelines of the annual meeting of the Asian Development533 words
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541 2005-05-03 14 April inflation dips to 8.1%, easing pressure to up rates Reuters Bloomberg [JAKARTA] Indonesia's central bank yesterday predicted the economy would expand by 5-6 per cent in the second quarter compared to the same period last year. The bank also said in aReuters; Bloomberg - 541 words
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Article, Illustration734 2005-05-03 14 NYT [SHANGHAI] China's global exports soared in the first quarter of this year, allowing the country to rack up huge trade surpluses with the United States and western Europe, according to detailed trade data released late last week by Chinese customs officials.NYT - 734 words
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Article, Illustration347 2005-05-03 14 Reuters [GENEVA] New US trade chief Robert Portman has played down tensions with the European Union (EU) over aircraft subsidies, saying trade relations between the two economic superpowers are healthy. Writing in the International Herald Tribune yesterday, Mr Portman said WashingtonReuters - 347 words
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383 2005-05-03 14 LATEST US DATA It rises 0.5% to US$1.052 trillion as private residential building also hit record highs Reuters Bloomberg [WASHINGTON] US construction spending jumped a surprisingly large 0.5 per cent to a record high in March as home building also hit record levels,Reuters; Bloomberg - 383 words
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Advertisement114 2005-05-03 14 A Singapore-based OIL TRADING COMPANY s expanding rapidly into the downstream oil gas field. We have an Immediate vacancy for a PROJECT MANAGER who can lead a small team of people to work In all aspects of the projects from inception to completion. The candidate should have prior experience in114 words
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MALAYSIA/INDONESIA
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423 2005-05-03 15 S JAYASANKARAN - Ho Kay Tat also expected to retain his group editor-in-chief post By S JAYASANKARAN in Kuala Lumpur NHWSMAN Ho Kay Tat is likely to bo appointed managing director of Nexnews, a media company listed on Bursa Malaysia, financial executives familiar with the matter423 words
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NOTE BOOK
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58 2005-05-03 15 IMUMBAII Cisco Systems has picked up a strategic stake in India-Games, a mobile-games publisher here, marking the first Indian acquisition by the US telecommunications network equipment manufacturer, the Financial Times reported. Cisco and Macromedia will jointly invest US$4 million for a combined stake of58 words
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48 2005-05-03 15 Reuters [JAKARTA! Indonesia's state oil company Pertamina said it needed US$l.l billion this week to pay for May imports of crude oil and oil products. Last month, the Indonesian government injected 4.1 trillion rupiah (Ss7o3 million) into Pertamina. —ReutersReuters - 48 words
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64 2005-05-03 15 Reuters [BANGALORE] India's Infosys Technologies Ltd has marginally raised its earnings estimate for the year ending March 2006 due to a change in accounting requirements under US rules, the company said. Infofttrs said in a filing to the US Securities and Exchange Commission that itsReuters - 64 words
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Article, Illustration686 2005-05-03 15 SHOEB KAGDA - INDONESIA INSIGHT The sorry incident resulting in Theo Toemion resigning will worry foreign investors SHOEB KAGDA Jakarta Correspondent THE head of Indonesia's Investment Coordinating Board (BKPM) Theo Toemion was reported yesterday to have tendered his resignation to President Susilo Bambang Yudhoyono. That Mr Toemion has quit comes686 words
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130 2005-05-03 15 Reuters [JAKARTA] Indonesia's largest telecommunications firm, PT Telekomunikasi Indonesia Tbk, reported yesterday a 3.15 per cent rise in first quarter net profit, helped by strong growth in its cellular business. The result followed a worse-than-expected 34 per cent drop in Q4 profit. announced yesterday,Reuters - 130 words
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Advertisement119 2005-05-03 15 ™w- I Bangkok to New York Non-stop r v I The fastest ser\ ice from Southeast \mj Royal Silk Class $4,680 T-' k Premium Economy Class $1,550 Economy Class $1,230 j v I vr fc > I :,t /J„ -v— I eve r before l|' J UriQue 3'"C TH-: that119 words
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GREATER CHINA/INDIA
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Article, Illustration36 2005-05-03 16 [NANTONG, Jiangsu] Chinese mute and deaf dancers perform the "Thousand-handed Goddess" dance to celebrate International Labour Day on May 1. The performance also marked the start of a week-long holiday in China. REUTERSREUTERS - 36 words
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304 2005-05-03 16 [MUMBAI] ICICI Bank, India's second-largest financial services group in which Singapore investment agency Temasek Holdings has a close to 10 per cent stake, is planning a substantial increase in its branch network in the UK, saying it is generating a profit less304 words
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511 2005-05-03 16 New rules mark government's third attempt to reform capital markets [BEIJING] China has given the official go-ahead for the sale of the state's huge holdings in quoted companies, which account for about two-thirds of the equity in businesses with a stock market value of511 words
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220 2005-05-03 16 [HONG KONG] A Hong Kong man has bought one of the six bottles of the world's most expensive single-malt whisky recently put on sale at Chek Lap Kok airport, the South China Morning Post reported. He paid for the HK$3BO,OOO (S$80,200)220 words
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509 2005-05-03 16 Intra-group affairs, market exposure will be tracked [MUMßAl] Some of the biggest names in corporate India figure in the list identified by regulators in financial markets for monitoring intra-group exposures and activities, the Economic Times reported yesterday. In keeping with the growing emphasis509 words
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Page 16 Advertisements
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Advertisement1721 2005-05-03 16 1 1 IN THE MATTER OF THE COMPANIES ACT, CAP.SO AND IN THE MATTER OF STEALTH PRECISION INDUSTRIES PTE LTD Co. Reg. No. *****5361Z Members' Voluntary Winding-up NOTICE OF RESOLUTION At an Extraordinary General Meeting of the members Of STEALTH PRECISION INDUSTRIES PTE LTD duly convened and held at Blk1,721 words
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ASIA-PACIFIC/WORLD
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405 2005-05-03 17 AP NYT [OMAHA, Nebraska] Warren Buffett said the addition of Bill Gates to Berkshire's board of directors would help ensure that the company was run properly even in his absence. "With Bill you've got one of the best minds in theAP; NYT - 405 words
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Article, Illustration470 2005-05-03 17 New firm would be second-largest toy and game group Reuters [TOKYO] Japanese toy maker Bandai plans to take over video game company Namco in a US$l.6 billion deal, creating Japan's secondlargest toy and game group after Sega Sammy. The acquisition could foreshadow further consolidationReuters; AFP - 470 words
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332 2005-05-03 17 Bloomberg I NEW YORK] The board of Morgan Stanley has kept Philip J Purcell as chairman and chief executive officer, while announcing a series of changes in corporate governance on Sunday. "We have said consistently that management enjoys the confidence of the boardBloomberg - 332 words
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539 2005-05-03 17 Texas Pacific and Warburg Pincus to buy top luxury retailer for US$5.1b NYT Bloomberg [NEW YORK] Neiman Marcus, the luxury retail chain that owns Bergdorf Goodman, has agreed to be sold for about US$5.l billion to a group of financiers with experienceNYT; Bloomberg - 539 words
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Article, Illustration144 2005-05-03 17 DEPUTY Prime Minister S Jayakumar received an official visit from Saudi Arabia's Commerce and Industry Minister Hashim Yamani in the Saudi capital of Riyadh on Sunday. Dr Hashim also hosted dinner for Professor Jayakumar and Singapore's official and business delegates accompanying him to144 words
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578 2005-05-03 17 Incorrect results inflated its net worth by US$2.7b Bloomberg NYT [NEW YORK] American International Group (AIG) will correct five years of results for reinsurance and other transactions that inflated its net worth by about US$2.7 billion. US$l billion more than an earlier estimateBloomberg; NYT - 578 words
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441 2005-05-03 17 Reuters [NEW YORK] The old adage that "a mother's work is never done" remains as true now as ever. Today's stay-at-home mothers are learning what their predecessors always knew they'd be making a lot of money doing their job outside the home. JustReuters - 441 words
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AVIATION
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393 2005-05-03 18 Xinhua AFP [TOKYO] Japan's Transport Minister Kazuo Kitagawa began safety inspections of rail and air transport systems yesterday in the wake of a series of accidents and mishaps. Mr Kitagawa, a lawyer and tax accountant by training, was accompanied by theXinhua; AFP - 393 words
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Article, Illustration511 2005-05-03 18 Politicians call to cut ties with UK over alleged request to change airport name Reuters AFP [TEHHRAN] Hardline Iranian politicians called on the government to sever all diplomatic ties with Britain in a rapidly escalating row over the opening of a new airport servingReuters; AFP; REUTERS - 511 words
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LOG BOOK
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69 2005-05-03 18 Bloomberg [JAKARTA] PT Garuda Indonesia, the nation's biggest airline, said first-quarter operating loss widened on increased fuel expenses and competition from budget carriers. Operating loss in the first three months of this year widened to 139 billion rupiah (5524.3 million) from 74 billionBloomberg - 69 words
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102 2005-05-03 18 Bloomberg [SHANGHAI] Chinese regional carrier Shanghai Airlines reported a loss for the first quarter after the company paid more for fuel. The net loss was 49.4 million yuan (559.9 million) compared with profit of 47.1 million yuan a year earlier, Shanghai Airlines saidBloomberg - 102 words
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137 2005-05-03 18 AP [SEATTLE] After a year-and-a-half of failed negotiations and months of arbitration, Alaska Airlines and its pilots have a new contract, the company announced. Arbitrator Richard Kasher handed the agreement to the airline and the Air Line Pilots Association last Saturday, said company spokesmanAP - 137 words
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115 2005-05-03 18 Reuters [MOSCOW] Russian airline Aeroflot increased its net profit 60 per cent in 2004, the firm said last Friday, with growing numbers of affluent Russians attracted by its modernised fleet and bigger choice of destinations. Aeroflot said its net profit calculated according to RussianReuters - 115 words
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156 2005-05-03 18 AP [BANGKOK] Three low-cost Thai airlines introduced surcharges of 200 baht (558.27) per ticket for domestic flights and 400 baht per ticket for international flights starting May 1 to help offset the high price of jet fuel, the companies said in a joint statement.AP - 156 words
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Article561 2005-05-03 18 It is bullish about outlook this year as travel demand in China is surging Bloomberg [SINGAPORE! Hainan Airlines Co, a Chinese carrier whose biggest shareholder is US billionaire investor George Soros, said sales this year may increase by at least 30 per cent fromBloomberg - 561 words
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194 2005-05-03 18 AP [NEW DELHI] State-run Air India yesterday strongly objected to criticism from Airbus of the bidding process in which it lost out to Boeing for the supply of 50 jets, an airline spokesman said. The news agency Press Trust of IndiaAP - 194 words
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Article1903 2005-05-03 18 CITY RIGHT ETA FUGMT FTD SQ119 2240 MH610 2120 taVWrM SQ141 1145 SQ142 0935 JL722 2245 MH614 2305 SQJ 43 ]535 SQ146 1640 Kadriag MH637 1235 MH638 1325 SOSOS1 300 *****2 M50 saaa Ejm 22I5 Soft Iff I 3 iS Of 82 .VIS S043S 0SS0 SO«361,903 words
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SHIPPING
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500 2005-05-03 19 Sales expected to rise further as US retailers prepare Christmas orders Bloomberg [TAIPEI] Evergreen Marine Corp, Asia's largest container shipping company, posted a profit for the seven straight quarter on increased demand for cargos from US retailers, including Wal-Mart Stores Inc. First-quarter netBloomberg - 500 words
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217 2005-05-03 19 AFP [HONIARA] A fishing vessel missing in the Solomon Islands for more than two weeks has been found with six remaining crew members, including an Australian man, reportedly in good health. Australian authorities received a distress signal from the MM Ability onAFP - 217 words
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Article, Illustration67 2005-05-03 19 [NEW YORK] A small vessel floating near the German frigate FGS Karlruhe around 40 km off the coast of Somalia just before it capsized in the Gulf of Aden on Friday. Eighty-nine people survived the incident while five were killed. The US Navy guided missile cruiser USS Normandy,AP - 67 words
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566 2005-05-03 19 NYT [MEXICO CITY] Desert scrub, rows of broccoli and a few scattered Airstream trailers are about all that dot the seaside landscape at Punta Colonet. But Mexican officials hope an ambitious development plan will transform the Baja California cove into a seaport asNYT - 566 words
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Article, Illustration50 2005-05-03 19 [BANGKOK] Five Indonesians were in custody at a military base in Thailand's Pattani province on Monday for trying to seize a Thai fishing boat in the Andaman Sea. The Thai army said the men were being held on suspicion of piracy and illegal possession of weapons. REUTERSREUTERS - 50 words
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325 2005-05-03 19 Bloomberg [LONDON] Oil-tanker rates for shipping crude from the Middle East to refineries worldwide may fall for a second week as vessel supplies rise and holidays in Asia and Europe curb demand, London-based shipbroker E A Gibson said. Fifty-six very large crude carriers, eachBloomberg - 325 words
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387 2005-05-03 19 DONALD URQUHART - They also warn of further increases later in the year By DONALD URQUHART [SINGAPORE] The rising costs of containerised shipping are once again being cited as the impetus for further rate hikes, this time by major container shipping lines operating on the387 words
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Advertisement82 2005-05-03 19 Receive money on the same day Th*| 11 *|||H Lower remittance charges lIMUHIIM Personalised service lllfflnilPQiZl Collection service available lIIUWIITOIQ Pay by Internet banking, ATM a Bl IEI O transfer,cheques,etc Qf Oilllld A||| GPL Remittance Pte Ltd W0 I Golden Mile Complex, 5001 Beach Road 01-77 A U fc Singapore82 words
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EDITORIAL & OPINION
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Article541 2005-05-03 20 EDITORIAL THE Bank of Japan (BOJ) has had a zero interest rate regime for 10 years now and has also been pumping massive amounts of liquidity into the banking system for several years under its "quantitative easing" policy. Since prices have defied logic and actually continued541 words
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Article, Illustration1181 2005-05-03 20 VIKRAM KHANNA - Main issue at World Economic Forum was identifying fastest areas of growth VIKRAM KHANNA Associate Editor H HAVE been attending "India I sessions" at business conferences (in India and elsewhere) for more than a decade. I have found that sentiment towards IndiaAFP - 1,181 words
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Article, Illustration780 2005-05-03 20 AL R DIZON - THE BOTTOM LINE AL R DIZON THERE is one big "F" word that crops up whenever number crunchers throw up statistics on the state of the Philippine economy. Take the World Bank, for example. When it presented its latest East Asia780 words
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Article, Illustration1473 2005-05-03 21 VEN SREENIVASAN - After just one year, budget airlines have revolutionised aviation in the region and changed perceptions about air travel VEN SREENIVASAN Senior Correspondent THIS week marks the first anniversary of the launch of services by Singapore's first homegrown low cost carrier. It was a1,473 words
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Article432 2005-05-03 21 Narayana Narayana Singapore - LETTER TO THE EDITOR Narayana Narayana Singapore THE whittling down of integrated resort (IR) proposals from 19 to 14 brought to mind an old primary-school song. "There were seven green bottles a-sitting on the wall; and if one green bottle were to happen but to fall; there'd432 words
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Article, Illustration942 2005-05-03 21 LEON HADAR - LEON HADAR Washington Correspondent HE may have spent only 100 days in office after winning re-election —which means that there are more than 1,300 days to go, but pundits in Washington have already started writing the political obituaries of President George W942 words
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Page 21 Miscellaneous
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Miscellaneous417 2005-05-03 21 CRYPTIC CROSSWORD 1 Write a note on the expense, a long way to this church (11) 9 Disparagement of those who J— cannot finish a drink quietly? (4) 110 I I I I I I I I 10 Scepticism shown by eccentric stoic gams 1,000 in support (11) ■■f I417 words
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Article5552 2005-05-03 22 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local curr In SS In USS dy yr dy yr dy *yr Apr 29 Index Change Change Change Change Change Change World Index Preliminary 825.5 0.0 -3.2 -0.6 -4.4 0.1 -4.6 t EAFE Preliminary 7683 OJ -0.6 -0.4 -3.3 0.3 -3.5 Europe5,552 words
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Advertisement1792 2005-05-03 23 I IMPORT I NORTH AMERICA I I f AUSTRALIA/NEW ZEALAND I SUPER SHUTTLE EXPRESS (SSX) I IwgnWM ASH EXPRESS (AAX) I VESSEL VOY I Mi I SYD I Mil I AM I FIE I SIN I PRC ~mo« Zl "Z ="*m-ss-s*-ns"*r KAMAKURA 12N OHUT 02/05 04/05 04/05 10/05 15/05 17/051,792 words
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Advertisement790 2005-05-03 23 IINTWASIA motto nwa vßsa/vor mrgo) hbghtw pug raj \a w in stmtc Exrnss n 30 4.25 23/w 25/04 27/04 STRAITS VBffiJK Of/OS IS 3.2 22/04 01/05 03/05 05/05 IsmnsvamiKt 10/ os is 3.2 07/05 10/05 I I AUSTRALIAN ROItO service 1 VBSa/VOT I RAMPfKT) HBGHTQN) I£s [si Til M STP790 words
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Advertisement1148 2005-05-03 24 MOL Combines a range of shipping modes to ensure timely, reliable services covering major ports in North America, Europe, Japan, Asia, Africa Oceania. Also accqrt Intra-Asia Cargoes to: BUSAN KWANGYANG SHANGHAI YANTIAN XlAfftDi QMGDAO KILAWAN J JAKARTA SURABAYA KAOHSIUNG BANGKOK LAEJW CHAiANG HOCHIMINH PASIR GUPANG KNMO PORT ttIAHC For Schedules,1,148 words
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Advertisement1174 2005-05-03 24 fiQIDFN TRADE S06N I 3/S I 4/5 6/5 NEW DYNAMIC 086A 02/5 14/5 I mm 009N 10/5 11/5 J315 ™g ggjj I c GOLDEN GATE WN I 17/5 I 18/5 20/5 NEW DYNAMIC 080A J9/5_ 21/5 Cafcn HC-Mid Swan *VSl culm boiti Noriti Wtst poet VESSEL VOY PKG SIN HKG1,174 words
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Advertisement767 2005-05-03 24 WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICQ POINTS VESSEL VOY SIM PJOAjg COLOMIO N.SHEVA COLOMIO RAJIV GAWDHI 0092W 26 APR 27 APR 30 API! 03 MAY 06 MAY BAY BUDGE DOBW 02 MAY 03 MAY 06 MAY QLMAI L2JJAI PAflFlf QUfST 0006W 01 MAY 10767 words
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Advertisement729 2005-05-03 25 IAXA# wallenius wilhelmsen website: http://www.2wglobol.tom VtSSEI "VOY RAMP HEIGHT SIN LBC MAO HOP# ~MIA SAV t*l OOF WYC ~HtW~ MOB TAMPERE ALSI2 400To«$ 6.3 M 02/05 06/06 09/06 11/06 15/06 13/06 17/07 TAMPA AFSII ***** m 6.4 M 06/05 30/05 09/06 13/06 17/06 15/06 19/06 TARAGO AFSI2 320Ton$ 6.4 M729 words
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Advertisement826 2005-05-03 25 VESSEL VOY SIN POU *01 W JKI PACIANDA 14SSW 29/04 29/04 w till owns ~M/Q5 CSf 2301 0113P 29/04 30/04 PAt mmtah mi D3/U5 SAM. PAC BANDA I459N 30/04 01/05 CSF 2301 0114P 01/05 02/05 PAC BANDA 1460N 01/05 02/05 VESSEL M SIN PJ| CSF 2301 0115P 03/05 0405 jgO826 words
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Advertisement666 2005-05-03 25 BSA a. MYANMA BH FIVE STAR LINE (Myanmar National Line) Loading for Yangon VESSEL VOY SIN PKL PEN PGU PAGAN 341W SLD HPA-AN 33AV SU> IN MALAYSIA: lOUSTEAD SHIPPING AGENCIES KUL/PKL 03-*****388 PEN: 04-*****1S ACCEPTING CONVENTIONAL CGO VESSEL VOY HKG SIN PGU PKL KUC MARINE EMBLEM 17 SLD SLD SID666 words
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THE BUSINESS TIMES SHIPPING TIMES
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6444 2005-05-03 26 ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Adverts* Vessel Voyage Telephone SIN Desfn Name Name Number Number SIN Dest'n Name Mam* Number Number 13/06 27/07 Del mas FLORA DELMAS 525W *****344 To ABIDJAN (ABJ) 2003 Cote D'lvoire To DALIAN (DLC) 2097 China 11/056,444 words
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PROPERTY
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Article, Illustration684 2005-05-03 27 GRACE NG - By GRACE NG I '(TIONS have become popular way to transact property and a bit of l homework ran help t maximise your chances of success in snaring your property m w Auctions are usually advertised two weeks before the event l.ook in the Classifieds of The StraitsFILE PHOTO - 684 words
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542 2005-05-03 27 FLOYD NORRIS - By FLOYD NORRIS IHT Till- housing boom in th«» I nited States has turned intensely speculative It is not just that houses are selling faster than rold drinks in Death Valley. It is that both builders and buyers are acting lik»'IHT - 542 words
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Article, Illustration1638 2005-05-03 28 GRACE NG - Property auctions are gaining popularity rapidly as the Singapore property market matures, says GRACE NG GRACE NG GOING once Going twice Sold! This is a familiar refrain emanating from the function room of some local hotels three to four times a month. As theSource: Colliers International Singapore - 1,638 words
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Advertisement404 2005-05-03 27 bukit ti«*h r T ,<^WBc Land area: 26,254 sq ft Chines® High Sch BHwaChongJC x Corner plot '*y Rectangular shape Rarely available p <} 3 <? By Expressions of Interest Closing: 26 May 2005, 3pm G »TS Holland a Holland Village CO MRT(U/C) Releasing a financial statement? Call 1800 289404 words
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Advertisement294 2005-05-03 27 Bintan Lagoon Resort •'some 45 minutes away from Singapore Beautiful 5-star tropical resort development with 2 signature golf courses and broad sandy beach fronting the South China Sea spans over hectares -JS J p Submission of Interests. Closing: Monday, 16 May 2005, 3pm nt S e Mar (et A 9294 words
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Advertisement927 2005-05-03 28 Office Leasing Transactions Transparency Value Add In today's business environment, most multi-national companies recognise the need for transparent and auditable processes when undertaking any major decision. The drive for transparency and accountability in business processes over the last few years has intensified due to legislation like the Sarbanes-Oxley that has927 words
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