The Business Times, 7 May 2005

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Microfilm: NL26192
Total Pages: 24
1 24 The Business Times
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  • Title Section
    Lock icon Masthead
    18 1 THE BUSINESS TIMES MICA (P) 089/03/2005 SINGAPORE 85 cents online at http://business-times.asia 1 com.sg I May 7-8, 2005
    18 words
  • Article, Illustration
    Lock icon Citiraya white knights abandon rescue
    579 1  -  Judicial management now a possibility after Venture One pulls out of investment proposal By WONG WEI KONG [SINGAPORE] No white knight will be riding to the rescue of financially troubled waste recycler Citiraya Industries. A consortium including prominent businessman Koh Boon Hwee has pulled out
    579 words
  • Article, Illustration
    Lock icon A president of the people leaves legacy of love
    471 1  -  Singapore says goodbye to one who touches nation's heart By JEAN CHUA [SINGAPORE] Singapore said a sad farewell yesterday to the man called the People's President. But before the nation paid its final homage to Wee Kim Wee, Singaporeans were asked
    PHOTOS: LIANHE ZAOBAO/ST  -  471 words
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      66 1 The Bi SINGAPORE 85 cents For the full text of Prime Minister Lee Hsien Loong's eulogy at the cremation service, log on to http://business-times.asial.com.sg Saturday properly 1| and jobs gift Don't miss Bfs classified ads •JKJ" I J j today. We have prime listings of: 'J* jg* jJ executive and
      66 words
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      Lock icon Page 1 Advertisements Column 2
      86 1 M ORGANIC FOOD A growing market PG24 i'iir- :,r v. iiM f I I dtL. II r i-I u -'"lip tss^M w^laß^B^^ilfe^'-'**" 1 1 Breguet. La passion laisse des traces. "Le R6veil du Tsar" Man's Classique alarm wristwatch in 18-carat yellow gold Self-winding /^-^^/I^VT!//^* movement with small seconds and date
      86 words
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      10 1 RAFFLES CONVERSATION W^M ÜBS chief on the VL| Swiss advantage
      10 words
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  • TOP STORIES
    • Article, Illustration
      Lock icon UOB sells Philippine retail business
      647 2  -  Speculation that this may be prelude to its quitting country altogether By MICHELLE QUAH [SINGAPORE] United Overseas Bank has moved to stem its losses in the Philippines by selling its retail business there for a paltry 600 million pesos (5518.2 million). That's a far cry
      FILE PHOTO  -  647 words
    • Article
      Lock icon FirstLink chief quits in face of CBT charge
      762 2  -  Company stresses charge concerns his personal affairs By ByUZALIN in Singapore andSJAYASANKARAN in Singapore, in Kuala Lumpur BARELY days after First Link Investments Corporation's plans to expand into the coal industry hit a snag, its troubles have spilled over to the boardroom.
      762 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      693 2 YHS back in the black with $70,000 Q1 gain BEVERAGE maker Yeo Hiap Seng has returned to the black for its financial first quarter. The company yesterday posted a $70,000 net profit for the three months ended March 31, a turnaround from a net loss of $80,000 in
      693 words
    • Article
      Lock icon MARKETS DIGEST
      137 2 Dsn 2,161.22 (+13.12) ST INDEX FUTURES 2,169.00 (+25.00) siMsa 256.22 (+2.21) SIMSa FUTURES 257.00 (+3.40) MARKETS Friday Change KLSECOMP 901.22 -2.84 NIKKEI 225 11,192.17 +190.06 HANG SENG 14,033.% -27.74 SET INDEX 689.36 +14.33 JAKARTA COMP 1,068.28 +18.70 MANILA COMP 1,913.77 +20.57 SEOUL COMP 940:85 +11.5 SHENZHEN B Closed
      137 words
    • Article, Illustration
      Lock icon S'pore integrated resorts could well be a boon to M'sia
      659 2  -  SATURDAY SOAPBOX It's highly probable that neighbouring countries will enjoy the spillover effects from the two grand playgrounds EDDIE TOH Deputy News Editor WILL Singapore give Malaysia a run for the tourism money following the nod for two world-class integrated
      659 words
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      30 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 account.
      30 words
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  • RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon The Swiss advantage
      1701 3  -  Since taking over in 2003, Peter Wuffli has directed UBS onto a dynamic path without departing from its stronghold. GENEVIEVE CUA reports GENEVIEVE CUA THINK ÜBS and the image of a staid Swiss private banker may easily have come to mind just three to four years ago.
      ARTHUR LEE  -  1,701 words
    • Article
      Lock icon Perks and pluses
      559 3 ANY firm in the burgeoning wealth management space will tell you the biggest challenge to sustained growth is finding good, experienced advisers. With UBS, the answer is simple: Bump up the "pull" factor. Here's a sample of the perks: New mums get some 15 weeks leave instead
      559 words
  • Page 3 Advertisements
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      65 3 I. v V AMSTERDA^- ■V LONDON-# r Ml* A«n m new YORK T >p ■'.'•''»4.-¥--J^l j| N g w» w J|^m^|^^BHßH^S^HMKA _]j^OSAKA CANOUAN PHNOM PENH ~X, D re MTgglßMliiauiiiili^^^^^M t BASEL r BINTAN—VWJTI^j^ QUITO— MsK' BENCH LIMA |tf*>' r/ POLYNESIA MONTREUX ok'x "ft***- -f SitrinAtf I T TQriCh in i
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      66 3 Raffles^ INTERNATIONAL Hotels Resorts A Member of Capita Land The Raffles Conversation is brought to you through a special arrangement with Raffles International Hotels and Resorts. The Traveller's Palm in the Raffles International logo is an apt symbol. Not only has water stored at the base of this palm provided
      66 words
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  • COMPANY NEWS
    • GRAPEVINE
      • Article
        Lock icon TAN-ing oil?
        88 4 OIL is sexy these days. Prices are high, and traders and oil companies are raking it in. So much so even crude oil is seemingly getting a fashionable TAN, with high TAN crude getting some exposure here next week. This does not refer to a darker, sun-kissed shade
        88 words
      • Article, Illustration
        Lock icon Just like father
        43 4 JUSTIN Chiu, ARA Asset Management's chairman, which manages Hong Kong tycoon Li Ka-shing's Fortune REIT, has a grown-up daughter. Nothing unusual about that. But her name? Justina. She even works in ARA Asset Management. She is the company's investment manager.
        43 words
      • Article
        Lock icon Taxing tax filing
        149 4 WITH the personal income tax filing deadline of April 30 just passed, many can now heave a sigh of relief that their annual headache is finally over. But have you ever realised that even tax experts have problems filling out their returns? A senior tax professional recently
        149 words
      • Article
        Lock icon The buffet's the thing
        133 4 WHEN you are shut out of a meeting, the next best thing to do other than talk about corporate bigwigs is to enjoy the buffet spread. At Nat Steel's AGM and EGM last Thursday, the highlight of its buffet spread was definitely the sumptuous durian puffs
        133 words
    • Article, Illustration
      Lock icon You don't call me anymore
      738 4 CORPORATE ANALYSIS Companies have a responsibility to stay in touch with their investors even after the IPO, says MICHELLE QUAH Becoming a weii-re-spected public listed company is a twostage process: it involves selling a good story during the IPO, then being there for the shareholders
      738 words
    • Article, Illustration
      Lock icon A week where bullishness is mostly driven by brokers' research
      534 4  -  STOCKS R SIVANITHY Senior Correspondent IF there's one thing the week just past will be remembered for, it will be the power of a welltimed research report. True, there was the Federal Reserve rate hike that took US short rates
      534 words
    • Article
      Lock icon YHS back in the black with $70,000 Q1 gain
      245 4  -  EARNINGS RESULTS By CAROLYN QUEK BEVERAGE maker Yeo Hiap Seng has returned to the black for its financial first quarter. The company yesterday posted a $70,000 net profit for the three months ended March 31, a turnaround from a net loss
      245 words
    • OTHER RESULTS
      • Article
        Lock icon China Sun's Q1 profit up 54%
        101 4 CHINA Strn Bio-chem Technology Group Company Ltd, a modified-starch producer in China, yesterday reported first-quarter net profit of 62 million renminbi (Ssl 2.4 million), a 54 per cent jump from the 40.3 million renminbi in theyear-ago period. Bevenue increased 33.9 per cent from last
        101 words
      • Article
        Lock icon Pan-United Marine's net falls 39%
        82 4 PAN-UNITED Marine Ltd posted a net profit of $3.3 million, 39 per cent down from the previous corresponding period. Bevenue dived 23 per cent to $45.2 million. The company, which specialises in shiprepair and other related marine services, said there were no major engineering contracts.
        82 words
      • Article
        Lock icon CH Offshore posts 55% Q3 profit rise
        74 4 BUOYANCY in the oil and gas industry helped mainboard-listed CH Offshore to lift net earnings for its third quarter ended March by 55.4 per cent year-on-year to $3.8 million. This came on the back of al3 per cent Q3 rise in revenue to
        74 words
      • Article
        Lock icon Leong Hin's Q1 net up almost 3-fold
        76 4 LEONG Hin Holdings Ltd's net profit increased almost threefold from $242,000 in QlO4 to $683,000 in QlO5. Specialising in construction and, more recently, property development, the company's operating profit for the quarter soared from $149,000 to $604,000. Earnings per share also rose from
        76 words
    • Article, Illustration
      Lock icon KepCorp, SembCorp shares hit year-highs
      555 5  -  DIFFERENT FORTUNES One driven by talk of US$900m job, other gets broker research boost By WONG WEI KONG SIIXHI S of marine conglomerates Keppel Corp tkepCorpl and SembCorp Industries hit their yearhighs yesterda\ on rontinued optimism over the offshore sertor kepCorp. the world's largest builder
      FILE PHOTOS  -  555 words
    • Article, Illustration
      Lock icon Fears over Citiraya add to woes for ACCS shares
      296 5  -  By R SIVANITHY IN the five weeks since Singapore Post decided buying a major stake in Accord Customer Care Solutions, the latter's shares have crashed by 50 per cent a sell-off that appears to have been aggravated by separate news yesterday
      Source: Bloomberg  -  296 words
    • COMPANY BRIEFS
      • Article
        Lock icon Autron-linked unit eyes listing
        40 5 \l "I H( )N orporation said I ine Pulse, the Malaysian unit of its subsidiary l( I quipnient. has entered into an agreement ith Vseambankers Malaysia for a proposed restructuring and listing on Bursa Malaysia S««curities
        40 words
      • Article
        Lock icon CSA agrees to payment extension
        98 5 CSA Holdings said it has agreed to a final extension of on* year for (ilobal Sigma to pa> it a sum of KM25 1 37 million for the sale of (ilohal Professionals l imited Referring to a previous announcement. CSA said it had on April
        98 words
      • Article
        Lock icon Units for CapitaMall Trust manager
        83 5 CAPITAMAI.I. Trust Management, whirh manages CapitaMall Trust, said 72<».4H7 units in the trust were issued to it yesterday The units were issued as payment of the "performance component" of the management fee from Ian 1 to March 31. 2(M>5. for Tampines Mall. Junction 8 Shopping
        83 words
    • Article, Illustration
      Lock icon China's May Day holidays seen lifting tourism by 10%
      160 5 CHINA'S May Day golden week ending this weekend is estimated to have boosted domestic tourism and consumer spending by as much as 10 per cent. Key eastern seaboard cities like Shanghai are the biggest beneficiaries of the week-long holidays. Based on
      160 words
    • Article
      Lock icon Thai unit could spike SingTel growth
      347 5 AIS growth falls below double-digit regional target Bloomberg SINGAPORK Telecommunications, South-east Asia's largest telephone company, said growth is slowing at its Thai mobile-phone arm. which may hinder the company's plan for double-digit growth from regional units. Sing Tel this week reported a better-than-expec-ted fiscal
      Bloomberg  -  347 words
  • Page 4 Advertisements
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      Lock icon Page 4 Advertisements Column 1
      119 4 Call toll-free 1800 289 8822/BauUl recruitOsph.com.sg A Singapore-based OIL TRADING COMPANY is 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
      119 words
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      13 4 I i Call 1000 209 0022 or email navjt@spknm.sg for your recruitment solutions
      13 words
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  • VIEWS FROM THE TOP
    • Article, Illustration
      Lock icon TRIBUTES TO THE PEOPLE'S PRESIDENT
      2197 6 Chief executives and businessmen recall their association with the late Wee Kim Wee and speak about the qualities that made him such an endearing personality HE is my idol, he is someone whom people respected a lot because he was humble and knowledgeable. Every time
      2,197 words
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  • PERSONAL INVESTMENT
    • Article, Illustration
      Lock icon BROKERS' TAKE
      930 8  -  Compiled by R SIVANITHY OUR $1.06 fair value is based on 10 times fully diluted FYOS earnings per share. This represents a 60 per cent discount to the average 25 times historical trading range of comparable chemical fibre companies. This price objective is also close to our three-stage
      Source: Bloomberg  -  930 words
    • Article, Illustration
      Lock icon Understanding momentum
      1177 8  -  SHOW ME THE MONEY It's important to know what drives momentum in asset prices TEH HOOI LING Senior Correspondent Newton's first law of motion says that an object in motion will stay in motion and an object at rest will stay at rest unless acted on by an
      1,177 words
    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      1071 8 For week beginning May 2 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS SabSMHW Ml tt Price SHAREHOLDING Tram Staralnlto Sat Stm Nr Mora Ahar Stock PaU Mractoc C—» -M» ShrS (HMt C«M> Fu Yu Corp 4-May-05 Ho Nee Kit Buy 560 0.53 ***** 198 ***** 2.07 Eu Van Seng 4
      1,071 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Asian affairs to impact Islam, Mid-east
      471 9  -  By DANIEL BUENAS DEVELOPMENTS in China, India and South-east Asia will exert a growing influence on the development of the global Islamic community, including developments in the Middle East, Foreign Affairs Minister George Yeo said on Thursday. Speaking at the American Jewish Committee Gala
      471 words
    • Article
      Lock icon Number of IT services firms up 12% in 2003: DOS
      403 9  -  Jobs increased by 1.8% and operating receipts by 1.1% By AMIT ROY CHOUDHURY FIGURES released by the Department of Statistics (DOS) reveal that while there was a 12.2 per cent rise in the number of information technology (IT) services industry
      403 words
    • Article
      Lock icon Cheap yuan policy may hurt more than help
      445 9  -  China can take S'pore path on keeping edge in manufacturing, says Morgan By NANDE KHIN CHINA need not resort to currency manipulation to maintain its manufacturing competitiveness, and it can draw some lessons from Singapore's experience with manufacturing, says Morgan Stanley in
      445 words
    • Article, Illustration
      Lock icon Places for deconstruction
      683 9  -  PROPERTY ARTHUR SIM waxes lyrical when he views the sinewy bodies of an architect's creation ARTHUR SIM SEXY is not how one would normally describe a house but faced with the voluptuous curves in architect Aamer Taher's latest creation, a beautiful, sinewy body does come to mind.
      683 words
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      621 10 Patrick Tel: 9631 0201 Zoslynne 9182 9000 Highpolnt Nelson Tan Tel: 9008 1099 Ms Ong Tel: 9437 7772 May Tel: 9010 3532 DISTRICT 07 DISTRICT 11 DISTRICT 15 DISTRICT 19 D,STR,CT 21 anA Goldhill View ZVI stor,v Br| 9 M n Cr,scent Kinq Albert Park Bali Freehold /<• •Good class
      621 words
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      4229 11 r /O hfr njp j J f Choosing the appropriate method of holding is L/ L/ Ur form of estate Written by Goh Mei Yi type of ownership may be changed, it involves a co-owner contributes to the purchase of Tenancy-in-common If a married couple intends to leave the property
      4,229 words
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  • JOBS
    • Article, Illustration
      Lock icon Merck names insider Clark as new CEO
      985 12 Analysts cautious about appointment as drugmaker faces tough year ahead Bloomberg [NEW YORK] Merck Co named Richard Clark chief executive, turning to an insider to succeed Raymond Gilmartin after an 11-year tenure that was marred by the recall of the Vioxx painkiller and
      Bloomberg; AFP FILE PHOTOS  -  985 words
    • Article, Illustration
      Lock icon IBM's job cuts in Europe: easier said than done
      587 12 AP [NEW YORK] IBM's plans to cut 10,000-13,000 jobs, mostly in Europe, will not be as easy for the company as a massive layoff in the United States would be. But it should be easier for the workers, since labour rights
      AP; AFP FILE PHOTO  -  587 words
    • EXECUTIVE MOVES
      • Article, Illustration
        Lock icon Citibank appoints new Singapore manager
        89 12 CITIBANK has appointed Jonathan Larsen as country business manager for Singapore. He will be responsible for heading Citigroup's consumer banking business. Mr Larsen replaces Lee Ah Boon, whose assignment within Citigroup will be announced shortly. As head of consumer business here, Mr Larsen becomes chief
        89 words
      • Article
        Lock icon AXA Life Singapore CEO moves to regional role
        79 12 GARY Harvey, chief executive officer of AXA Life Singapore, will take on an expanded regional role of CEO Wealth Management in Asia this June. He will be responsible for leading the development of the AXA wealth management platform in Asia and for
        79 words
      • Article
        Lock icon Raffles Education appoints new deputy CEO
        91 12 THE current chief operating officer of Raffles Education Corporation, Scott Chew Kok Chor, has been appointed the deputy chief executive officer from May 1. He will play a role in the overall strategic planning and execution of business development policies to drive the growth
        91 words
      • Article, Illustration
        Lock icon Star Hub welcomes a new director
        76 12 ROBERT Sachs has been appointed as an independent director to Star Hub's board. At 56, he has been an attorney and executive in the US cable television industry for over 25 vears. uvci ia. He is principal of Continental Consulting Group, a Boston-based consulting
        76 words
      • Article
        Lock icon Mobile 365 announces new CFO
        38 12 MOBILE 365 yesterday announced that Joseph Kuhn has joined the firm as chief financial officer. He previously served as vice president and chief financial officer of publicly-held OPNET Technologies and Wisor Telecom Corporation.
        38 words
      • Article, Illustration
        Lock icon OCBC investment research head leaves
        77 12 THE head ofOCBC Investment Research, Lim Say Boon, will leave the bank at the end of this month for Citigroup Private Banking. He will join Citigroup as an adviser on investments in private banking at an undisclosed date. Mr Lim has 12 years of experience
        77 words
      • Article, Illustration
        Lock icon New managing partner for Ernst & Young
        79 12 New managing partner for Ernst Young MRS FangAi Lian, managing partner and chairman at Ernst Young, will retire at the end of this June. At the age ofss,she will be handing the job of managing partner over to Ong Yew Huat. r\n rf'c appointment takes effect on July 1. He
        79 words
    • Article
      Lock icon Warburg Pincus nabs top Goldman banker
      209 12 Reuters [HONG KONG] Warburg Pincus, a top US private equity firm, said yesterday it had hired Rajiv Ghatalia away from Goldman Sachs, where he had been co-head of Asia Pacific investment banking. Mr Ghatalia, who will be based in Hong Kong, joins Warburg as
      Reuters  -  209 words
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      1476 13 THE BUSINESS TIMES EXECUTIVES ►PROFESSIONALS Celebrating our 10th anniversary in Singapore, Hudson is part of a Nasdaq listed executive search and recruitment company with more than 130 offices worldwide. Serving leading corporations from diverse sectors, we have a proven track record of placing mid-level and senior executives. Presently, we have
      1,476 words
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  • ECONOMY WATCH
    • Article
      Lock icon US visits spark fresh talk of higher yuan
      460 14 Chinese currency futures approach highs ahead of key meeting next week Reuters [SINGAPORE] Investors were placing fresh bets yesterday on a near-term appreciation of the yuan as Chinese central bankers prepared to meet US Treasury officials and bankers next week to discuss
      Reuters  -  460 words
    • Article
      Lock icon M'sia ready if yuan is revalued
      162 14 Reuters [KUALA LUMPUR] Malaysia believes a change in China's foreign-exchange policy could affect its own fixed-rate currency and is ready to react to "any eventualities", Malaysian Prime Minister Abdullah Ahmad Badawi said. "We have planned for any eventualities. We do not want to be
      Reuters  -  162 words
    • Article, Illustration
      Lock icon Fed Reserve concerned over derivatives market
      442 14 Reuters, Bloomberg [WASHINGTON] The Federal Reserve is concerned that the relatively small number of institutions that act as dealers in derivatives markets, where companies hedge interest rates, may pose risks, Fed chairman Alan Greenspan said on Thursday. In particular, the Fed worries what would
      Reuters, Bloomberg; AFP  -  442 words
    • Article
      Lock icon Greenspan says tame inflation keeping bond yields low
      190 14 Bloomberg [WASHINGTON] A revival of the 30-year US Treasury bond would be unlikely to raise long-term bond yields because "forces worldwide" are keeping inflation low, Federal Reserve chairman Alan Greenspan said. The yield on US 10-year Treasury notes has fallen to about
      Bloomberg  -  190 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      5014 14 UNIT TRUSTS FUNDS Citi Global Healthcare Fuid 0.95/ Citi Gib Fin Srvcs Fund ABM kmm >.»• iu Cm US Aggressive Growth Find 0.77/ ABNAmro Asset Mgt (Sport) B Set Gib Bus Ldrs Ptfl 03ISGD) 1.0948* Star Europe 0 7W SB Set Gib Bus Ldrs Ptfl 03(USD) 1.1765/ Star Europe Bond
      5,014 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Makeover for MSE soon
      794 15  -  MISC wants to remake its subsidiary in its own mould, S JAYASANKARAN reports S JAYASANKARAN TAKING advantage of Malaysia's oil and gas boom, Malaysia Shipyard and Engineering (MSE) the country's oldest and largest shipyard operator will be progressively transformed into a regional hub for deep-sea fabrication
      FILE PHOTO  -  794 words
    • Article
      Lock icon Sime Darby talking to EPF for possible Tesco deal
      303 15 [KUALA LUMPUR] Conglomerate Sime Darby Bhd plans to sell its 30 per cent stake in the Malaysian operator of Tesco stores as it seeks to dispose of noncore businesses, and has approached the Employees Provident Fund (EPF) for a possible deal,
      303 words
    • Article, Illustration
      Lock icon M'sia, Indonesia agree no show of force in row
      343 15 Navies will patrol disputed waters, but won't rock boat Reuters [PUTRAJAYA] Malaysia and Indonesia have agreed to refrain from staging shows of force in the South Sulawesi Sea, where the neighbours are in dispute over maritime boundaries, Malaysia's Deputy Prime Minister
      Reuters  -  343 words
    • Article
      Lock icon M'sia EPF may invest US$1.5b overseas: CEO
      404 15 Fund seeking nod to place assets in private equity, bond markets Bloomberg [KUALA LUMPUR] Malaysia's pension fund, trying to find higher-yielding assets to boost returns, may invest as much as US$l.5 billion in overseas stock and bond markets, after the central bank eased
      Bloomberg  -  404 words
  • Page 15 Advertisements
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      Lock icon Page 15 Advertisements Column 1
      1353 15 ■■ni||||H Call toll-free 1800 289 8822 Mil^oticeBo»phxo«j#| THF BANKRUPTCY ACT! 995 iact is OF BSi THE HAMKBIIPTrV RULES 199S RE LING YEW KONG (NRIC NO. S *****83 Z) CREDITOR NGU TIENG UNG (MALAYSIA ID NO. K*****437) STATUTORY DEMAND UNDER SECTION 62 OF THE BANKRUPTCY ACT 1995 WARNING Thii i> an
      1,353 words
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      Lock icon Page 15 Advertisements Column 2
      1272 15 PEARL ENERGY LIMITED (Incorporated in the Republic of Singapore) y J J I I (Company Registration No. *****6127 D) Registered Office 350 Orchard Road #17-10 Shaw House Singapore *****8 NOTICE Of ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the Second Annual General Meeting of the Company will be held
      1,272 words
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  • GREATER CHINA
    • Article
      Lock icon Boost for blue chips from HK property stocks
      436 16 New projects, low interest rates seen stoking demand in improving economy Reuters [HONG KONG] After starting the year on a bearish note, surging Hong Kong property shares are set to underpin local blue chips as long as mortgage lending rates remain near
      Reuters  -  436 words
    • Article, Illustration
      Lock icon WHO'S LOOKING NOW?
      77 16 AFP [BEIJING] A visitor looking at a painting displayed at the China Art Exhibition in Beijing on Thursday. China has made a remarkable transformation to a diverse market economy over the past two decades, and nowhere is this change more dramatically expressed than in the visual arts
      AFP  -  77 words
    • Article
      Lock icon Dual HK-Shanghai IPOs may pass on mainland
      339 16 Reuters [HONG KONG] The first dual initial public offering in Hong Kong and Shanghai may have to wait. China's largest coal miner, China Shenhua Energy, and its fifth-largest bank, Bank of Communications (BOC), are unlikely to proceed with the Shanghai portions of their
      Reuters  -  339 words
    • Article
      Lock icon SGX MAINBOARD
      7335 16 Transaction date: May 6 52-Mfk Til Lait Vol Day last Quote Grttv Wv GrVW Nat MCap High Low Coda Company SaU +<- COOP) High low »uyr 5aBar Cvr S P/E Snd 13.5 3.5 5716 IstSoftwareSt 4 unch 1290 4 4 3.5 4 '6-2 34.5 15.5 3148 8TelecomUS2c .17
      7,335 words
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  • INDIA
    • Article, Illustration
      Lock icon Publishers gear up for looming newspaper war in Mumbai
      553 17 Battle will trigger huge capital inflow into newspaper industry [LONDON] A media war is about to erupt in Mumbai, India's most lucrative newspaper market. Two new newspapers will hit the stands soon and at least two are exploring the possibility. In
      REUTERS  -  553 words
    • Article
      Lock icon SGX
      6323 17 Transaction Date: May 6 MOST ACTIVE STOCKS VOLUME VALUE Accord Customer 2.5c 45.309.000 Keppel Corp 50c 91.602.100 SembCorp Ind 25c 27.395,000 SembCorp Ind 25c 60.179,630 CapitaLand 24,398,000 CapitaLand 58.786.220 Firstlink 20c 21.429.000 CitvDev 50c 51.767,850 UniFiber 10c 18.133.000 DBSGrp 26.566.5QiQ SembCorpMBLeCW*****5 17.912.000 TACBt10 200 25.833.974 China Sun HK25c 14.932,000
      6,323 words
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  • ASIA-PACIFIC/WORLD
    • Article, Illustration
      Lock icon Blair faces weakening UK economy following victory
      509 18  -  He must also fend off calls by Labour MPs to quit soon, let Brown take over By NEIL BEHRMANN in London BRITISH Premier Tony Blair faces a weakening economy and greater internal l-abour Party opposition to identity cards, and health and education reforms,
      AFP  -  509 words
    • Article
      Lock icon PM Lee congratulates Blair
      176 18 SINGAPORK Prime Minister Lee Hsien Loong has congratulated his British counterpart on his victory at the elections. "This is a tribute to your steadfast leadership," said Mr Lee said in a letter to Prime Minister Tony Blair yesterday. He said that Mr Blair took a strong
      176 words
    • Article
      Lock icon US jobs growth surprisingly robust in April
      379 18 LATEST US DATA AP, Reuters IWASHINGTONI US employers created a surprisingly large 274,000 new jobs in April and added more workers in each of the two preceding months than first thought, the Labour Department said in a report that may ease fears about
      AP,; Reuters  -  379 words
    • Article, Illustration
      Lock icon Why US brewers are losing their fizz
      841 18  -  LIGHT REED Foreign beers are just plain better, cheaper and then there are those darned yuppies... CHRISTOPHER REED AMERICA'S brewers are weeping into their beer because their fellow citizens m are drinking less of the stuff or rather less of the US brands.
      841 words
    • WORLD WATCH
      • Article
        Lock icon Intel 'scrambling' to meet semiconductor demand
        97 18 Bloomberg INHW YORK] Intel Corp, the world's biggest computer-chip maker, is "scrambling" to meet orders for semiconductors, chief financial officer Andy Bryant said. "We can't meet our customers' demand completely," Mr Bryant said on Thursday in an interview here. "We don't see a slowdown."
        Bloomberg  -  97 words
      • Article
        Lock icon Kyocera to cut 1,700 jobs and shift production to S'pore
        128 18 Kyocera to cut 1 ,700 jobs and shift production to S'pore Bloomberg [TOKYO! Kyocera Corp, a Japanese electronics parts maker, will eliminate I,7oojobs at its mobile phone business in the US and Mexico as it shifts output to Singapore-based Flextronics International Ltd to reduce costs. The company will move handset
        Bloomberg  -  128 words
      • Article
        Lock icon Unilever posts 24% rise in Q1 net profit to 934m euros
        98 18 AP (AMSTERDAM! Unilever, the Anglo-Dutch maker of Dove soaps and Lipton teas, said yesterday its net profit in Q1 rose 24 per cent due to more shopping days and lower taxes. Net profit came to 934 million euros (Ssl
        AP  -  98 words
      • Article
        Lock icon Hutchison's mobile phone customer base up 6%
        143 18 AP [HONG KONG] Hutchison Telecommunications International Ltd said its mobile phone services customers climbed to 13.33 million at the end of March, up 6 per cent from 12.55 million at the end of 2004. Subscribers in Hong Kong and Macau totaled 2.204 million
        AP  -  143 words
    • Article
      Lock icon London thwarts Nymex's plans
      197 18 Bloomberg [LONDON] The New York Mercantile Exchange's (Nymex) plan to grab business from the London International Petroleum Exchange (IPE) is faltering as oil traders including Goldman Sachs Group Inc shift to electronic trading. The exchanges have competed for business in the US$5 billion-a-day Brent crude oil
      Bloomberg  -  197 words
    • Article
      Lock icon Basell sold to Chatterjee, Access for 4b euros
      101 18 Bloomberg [FRANKFURT] Bowing to US pressure to reject Iranian offers, BASF and Royal Dutch/Shell Group are selling their Basell plastics joint venture for 4.4 billion euros (559.3 billion) to companies controlled by Russian and Indian entrepreneurs. Access Industries Inc which was started
      Bloomberg  -  101 words
    • Article
      Lock icon Junk status tightens noose on Ford, GM
      290 18 NYT Reuters INEW YORK] General Motors and Ford lost their investment grade ratings on Thursday, pushing two of corporate America's biggest borrowers into the ranks of junk bonds and rattling the financial markets with the message that the two car makers have sunk
      NYT; Reuters  -  290 words
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  • MOTORING
    • Article, Illustration
      Lock icon A class of its own?
      495 19  -  Forget the hotel ballroom. Some cars are now being launched at pretty unusual locations, writes SAMUEL EE SAMUEL EE THE Mercedes-Benz CLSClass not only created a new segment when it was unveiled last night but it may also have set a new benchmark for car
      495 words
    • Article, Illustration
      Lock icon 7 at 11
      181 19  -  By SAMUEL EE THE VENUE may be unusual but the objective is even more extraordinary to allow prospective buyers to view the BMW 7 Series at any time of the day. A 24/7 concept is being applied to the "new generation" 7 Series, which is being shown
      181 words
    • Article, Illustration
      Lock icon When 5 equals 6+One
      528 19  -  Reports by SAMUEL EE THANKS to its Zoom-Zoom philosophy, recent Mazda models have displayed a sporty and stylish streak not found in the insipid offerings of the mid-90s. The new Mazdas is no different. Despite being a multipurpose vehicle, the Mazdas has a fairly attractive shape.
      528 words
    • Article, Illustration
      Lock icon Mazda5 vs Lafesta vs Stream
      261 19 Nissan Lafesta AS the other new kid on the block, the Lafesta is the closest competitor to the Mazdas because of its sliding doors. At $89,000 it costs more than the Mazdas but it has an electric left rear door and reversing camera. There are
      261 words
    • Article, Illustration
      Lock icon Alternative Toyotas
      181 19  -  By SAMUEL EE AN unusual range of Toyota cars will be on display at Suntec City this weekend, including a luxurious Alphard MPV with partition. Richburg Motors specialises in selling parallel imported Toyota models not offered by authorised distributor Borneo Motors Singapore. Some of these premium models include
      181 words
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  • GOLF
    • Article, Illustration
      Lock icon Brunei's best-kept secret
      1024 20  -  The sultanate offers top quality courses with pristine greens, hazards galore and a certain air of exclusivity. JUSTINE MOSS pays a visit JUSTINE MOSS YOU would be forgiven for not placing the Sultanate of Brunei on a top 10 list of quality golf destinations in South-east Asia.
      1,024 words
    • Article
      Lock icon KUALA LUMPUR STOCK EXCHANGE
      2312 20 vol General Corp .0.43 unch 31 May 6 Ml W- COOP) Genting 18.50 -0.30 337 George Kent j0.72 0.01 32 ASM Realty 1.58 undi 16 G HL Systems .022 -0.01 184 Abhc .0.35 -0.01 45 GlobetronicsTech 0.43 0.02 818 ACP Industries 0.88 unch 0 GlomacBhd 1.58
      2,312 words
  • Page 20 Miscellaneous
    • Miscellaneous
      Lock icon Page 20 Miscellaneous Column 1
      78 20 CRYPTIC CROSSWORD berga^ 12 Detain, 13 Triangle, 15 Tyre, 17 T e g s "19 Strummer, 2 21 Restraint, 5 Grand inquisitor, 6Hel- coat, T7 Triplane, 18 Glass eye, 19 1 Criticise fellow first in the Signpost, 22 The dales. Radia BHDjreness,8 H Djre ness, 14 Spanner boat (6) 24
      78 words
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  • WELLNESS
    • Article, Illustration
      Lock icon Set it right
      951 21  -  Headache, neckache or backache? You might want to see a chiropractor, as CHEAH UI HOON finds out CHEAH UI HOON WITH young chiropractors emerging in Singapore's health scene, the choices for holistic and complementary healthcare are getting more varied these days. Chiropractics is relatively new to Singapore,
      ARTHUR LEE  -  951 words
    • Article, Illustration
      Lock icon The lighter touch
      638 21  -  Eschewing the 'crack and chop' method, Lynelle Kerr uses touch to 'teach' the brain to release tension. CHEAH UI-HOON finds out more CHEAH UI-HOON LYNELLK Kerr was trained as a chiropractor, but eschewing the manipulative method used in chiropractics, she's now developed a system of her own
      PHOTO OF DR KERR BY CHRIS LOH  -  638 words
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  • SHOPPING
    • Article, Illustration
      Lock icon All natural
      1284 22  -  CORINNE KERK sniffs out four beauty and skincare brands that do more than pay lip service to the 'natural' claim CORINNE KERK CONSUMER awareness quiz when a skincare or cosmetic brand claims it is a "natural" product because it uses natural ingredients, and even has the word "natural"
      1,284 words
    • IN STORE at the malls
      • Article, Illustration
        Lock icon Cool calls
        53 22 Following its RAZR V 3 success, Motorola has now launched the black version of this ultra thin technological wonder. Yes, the air-craft-grade aluminium phone still comes with integrated 4xzoom VGA camera, chemi-cally-etched keypad and a host of impressive features housed within its 13.9 mm thin body. Price: $708
        53 words
      • Article, Illustration
        Lock icon Go cordless
        100 22 The new generation of digital cordless phones is fast matching today's handphones in terms of features. The new Philips DECT 515 lets you download your favourite songs from the Internet as polyphonic ringtones, and sends and receives SMS messages. It also has an answering machine which you can
        100 words
      • Article, Illustration
        Lock icon Tool time
        99 22  -  Compiled by MICHAEL CHUA Bosch's IXO is a cordless screwdriver that runs on lithium ion batteries, meaning the battery is still charged even if it hasn't been used for some time. This is possible due to the low self-discharge rate, resulting in longer battery life. You can also
        99 words
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  • TRAVEL
    • Article, Illustration
      Lock icon Embrace the experience
      1126 23  -  It's the little details the meals, the conversations, the company—that linger in the mind after the sightseeing is done, SMRT CEO Saw Phaik Hwa tells CHEAH UI-HOON CHEAH UI-HOON NTREPID travellers do tend to give you the best stories and Saw Phaik Hwa, SMRT's president and CEO,
      CHRIS LOH  -  1,126 words
  • Page 23 Advertisements
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      Lock icon Page 23 Advertisements Column 1
      945 23 WiilC&dlll© withweekendBT k.r«M Ah Hoi's Kitchen Club Ola Latin-Argentinian Grille Bistro dinner, while stocks last Parkway Thai Restaurant Traders Hotel Poolside (above TanglinMaU) 28 Murray Street (infront ofMaxwe&House) Ktiall The Asian Kitchen 1 9/62 1? tni tf !^SS^S!Si2V^o?f 08 Level 4, Traders Hotel. Tel: *****373 TeL 6220 7927 Level 1
      945 words
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  • THE BUSINESS TIMES weekend
    • Article, Illustration
      Lock icon Green light
      1531 24  -  The blossoming niche for organic produce grows a little bigger with the start up of a new market. GEOFFREY EU reports GEOFFREY EU IT MAY not resemble the bustling organic food markets of Sydney or San Francisco, but at least it's a step in the right direction. Members
      PHOTOS BY CHRIS LOH  -  1,531 words
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