The Business Times, 25 May 2005

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Microfilm: NL26193
Total Pages: 32
1 32 The Business Times
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  • Title Section
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    13 1 THE BUSINESS TIMES SIN Online at http://business-times.asial.com.sg MICA (P) 089/03/2005 Wednesday May 25,2005
    13 words
  • Article, Illustration
    Lock icon Sales of off-peak cars accelerate
    653 1  -  Traders cite record low prices, 5-day work week By SAMUEL EE [SINGAPORE] Sales of offpeak cars have surged this year, with motor traders attributing the rise to record low car prices and if you believe them the five-day work week. In the first four months
    653 words
  • Article
    Lock icon MARKETS DIGEST
    134 1 □sti 1175.20 (+1.43) ST INDEX FUTURES 2,175.00 (+4.00) SIMSCI 258.29 (+0.79) SIMSCI FUTURES 258.70 (+0.50) MARKETS Tuesday Change KLSECOMP 884.34 *1.17 NIKKEI 225 11,133.65 -25.00 HANG SENG 13,719.32 +20.19 SET INDEX 663.66 -6.99 JAKARTA COMP dosed MANILA COMP 1,881.08 -2.40 SEOUL COMP 951.61 +0.56 SHENZHEN B 233.54 +4.55
    134 words
  • Article, Illustration
    Lock icon Significant Japan investment projects on the cards
    482 1  -  By ANTHONY ROWLEY in Tokyo JAPAN is expected to announce "one or two significant projects" by way of new investments in Singapore within the next few days, Prime Minister Lee Hsien Loong said here yesterday after meetings with Japanese political and business leaders.
    REUTERS  -  482 words
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  • TOP STORIES
    • Article
      Lock icon OECD sees lower growth across group this year
      729 2  -  It puts expansion at 2.6%, with growth getting more imbalanced By ANTHONY ROWLEY in Tokyo GROWTH across the 30 advanced economies of the OECD area is expected to turn significantly lower this year at 2.6 per cent on average compared with 3.4
      729 words
    • Article, Illustration
      Lock icon KPMG managing partner Bobby Chin retiring in Sept
      379 2  -  Accounting veteran hands reins to audit head Danny Teoh By ANNA TEO [SINGAPORE] Not one but two of the Big Four accounting firms here will see a change at the helm this year. KPMG's long-time managing partner, Bobby Chin, is retiring at
      FILE PHOTO  -  379 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      774 2 Govt agencies save $736 m in FY 2004 SINGAPORE government agencies saved $736 million in financial year 2004,7.1 per cent more than in the previous year. And the head of the cost-iuttingexercise says the public sector has to continue' doing more with less". TOP STORIES, PG 4 Shell
      774 words
    • Article
      Lock icon Clarification
      67 2 IN the report headlined "MGM bets, on high-wire act to help bring in tourists" (BT, May 21), we said MGM Mirage is investing in Macau with Stanley Ho's Shun Tak Holdings. MGM has clarified that it is not working with Shun Tak. Instead, MGM is working with Pansy Ho,
      67 words
    • Article, Illustration
      Lock icon Bernard Kong resigns as CEO of Sentosa Cove
      451 4  -  By KALPANA RASHIWALA [SINGAPORE] Sentosa Cove Pte Ltd's chief executive officer, Bernard Kong, is leaving the company, after a two-year stint with the master developer of the upscale housing district taking shape on Sentosa Island, sources told BT yesterday. The company yesterday
      FILE PHOTO  -  451 words
    • Article
      Lock icon Govt agencies save $736m in FY 2004
      602 4  -  Economy drive likely to be tougher in 2005 with cut in budget cap By JEAN CHUA [SINGAPORE] Singapore Government agencies saved $736 million in financial year 2004 7.1 per cent more than in the previous year. And the head of the cost-cutting exercise
      602 words
    • Article, Illustration
      Lock icon Shell sees Jurong Island plants taking all output of new cracker
      485 4  -  By RONNIE LIM [SINGAPORE] Shell Chemicals is confident that ethylene output lion dollar petrochemical cracker it is Jeoking at building here would be fully taken up by downstream or secondary plants on Jurong Island ensuring the project is competitive.
      Source: Shell  -  485 words
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      41 2 p f"- FIND THE ONES rl THAT FIT! G o i f Recruit the right people through The Straits Times C—|P u Recruit. Call 1800 289 8822 or email I recruit9sph.com.sg to advertise. C JO W Rvsnm 2l q_t Laaaim >jj
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      185 4 Jppsp- > If P*^*w.K^*^kf^Fh*^| w ™m/ *"f lir < TT&iiK&*' 4IHB r 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
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      8 4 I m I m the Business Times I
      8 words
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      1505 5 Advertorial Asian high-yield equities win the day Fidelity brings its Asia Pacific Growth Income Fund to Singaporean investors to tap into one of the most compelling asset classes in the region IN life, we always seem to have to strong dividends. The increasing make compromises. And so is it High
      1,505 words
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  • COMPANY NEWS
    • Article
      Lock icon Citiraya's fate in DBS hands as payment deadline ends
      497 6  -  No signs $38.6m owed to bank has been settled or any deal reached By LIZA LIN WASTE-RECYCLER Citiraya Industries' fate appears now to be in the hands of DBS Bank as a deadline set by the bank for the repayment of
      497 words
    • Article
      Lock icon Can chip makers stay the course till recovery?
      623 6  -  HOCK LOCK SIEW By RAJU CHELLAM FIRST the good news: Late last week, a Gartner analyst said global sales of semiconductor chips may grow 5.9 per cent this year to US$233 billion, up from an earlier forecast of US$22B billion. And for
      623 words
    • Article
      Lock icon Voting for CAO debt scheme set for June 8
      409 6  -  It offers initial cash of US$130m; overall recovery value of USs275m By ALEXANDRA HO CHINA Aviation Oil has called a meeting of creditors so there can be a vote on the "final" debt repayment scheme it proposed two weeks ago. The
      409 words
    • Article
      Lock icon DBS to absorb all 11.6m Longcheer placement shares
      529 7  -  Price at 40 cents each; bank will pay additional $696,000 sum and promises moratorium By CHLOE CHOY DBS Bank, accused of causing a share overhang as a result of an oversight, is using more than $5 million of its own money to
      529 words
    • Article, Illustration
      Lock icon Mapletree may list logistics Reit late July
      643 7  -  Trust to have initial $500m portfolio of 15 properties By KALPANA RASHIWALA Mapletree Investments is on track to list a Real Estate Investment Trust holding logistics properties in late July/early August. The issue price of units in the Reit are expected to reflect
      643 words
    • Article
      Lock icon Three-quarters of new S'pore IPOs trading under launch price
      449 7 Reuters THE Singapore stock market has outperformed other South-east Asian bourses this year, but initial public offerings (IPOs) in the city-state have not done so well, with nearly three-quarters of 28 new listings trading below their IPO price. Analysts blame the
      Reuters  -  449 words
    • Article
      Lock icon Informatics says it is on road to recovery
      455 8  -  Company based this statement on quarter on quarter improvements By ALEXANDRA HO CITING quarter-on-quarter improvements, Informatics Holdings said yesterday that it is on the road to recovery. But the beleaguered education services provider still found itself in negative equity territory to the
      455 words
    • Article
      Lock icon GP Batteries Q4 profit drops 97.8%
      343 8  -  Battery maker cites costs, competition, exceptionals By CHLOE CHOY GP Batteries International eked out a relatively tiny profit in its fourth quarter and fiscal year as the battery maker blamed high raw material prices, keen competition and exceptionals for a 97.8 per cent plunge
      343 words
    • Article, Illustration
      Lock icon Cortina reports 49% plunge in earnings
      288 8 WATCH group Cortina Holdings suffered a 49 per cent drop in earnings for the year to March 31 as revenue fell and expenses rose—but the company tried to put a brave face on things. This year's net profit fell to $3.09 million from last
      FILE PHOTO  -  288 words
    • COMPANY BRIEFS
      • Article
        Lock icon SPH Magazines sets up HK subsidiary
        85 8 SPH Magazines, a wholly owned subsidiary of mainboard-listed Singapore Press Holdings (SPH), has incorporated a wholly owned subsidiary in Hong Kong. SPH Magazines (HK) Ltd has an authorised capital of HK$l million (*****,000) and an issued capital of HK$lO,OOO. It will be involved in
        85 words
      • Article
        Lock icon ST Electronics' stake in unit falls to 47.84%
        78 8 Singapore Technologies (ST) Electronics' stake in Prescient Systems Technologies has been diluted from 51 per cent to 47.84 per cent, making it an associated company. This follows joint-venture partner Woodside Ventures' subscription for an additional 569,985 shares in Prescient in accordance with
        78 words
      • Article
        Lock icon Sembawang Music to open 21st outlet
        63 8 SEMBAWANG Music Holdings said its wholly owned subsidiary, Sembawang Music Centre, will open its 21 st outlet, at Millenia Walk tomorrow. The new unit will be the listed music retailer's sixth downtown outlet and is in line with the group's plan to increase the
        63 words
      • Article
        Lock icon First Engineering FYOS profit up 6.1%
        110 8 PRECISION plastic injection moulding specialist First Engineering yesterday reported a 6.1 per cent rise in net profit to $23 million for the year ended March 2005, backed by revenue growth of 18.1 per cent to $146.1 million. Earnings per share climbed by 5.2 per
        110 words
      • Article
        Lock icon Lum Chang Holdings to do-mergt units
        95 8 LUM Chang Holdings (LCH) plans to carry out a de-merger of LC Development (LCD) and its group of companies from LCH and its group of companies. LCD is mainly involved in property development and investment, while LCH also does construction. The de-merger will be
        95 words
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      378 6 wm»ii miw nrmiwi 1 ir i onfr —rrimwn-Tri LAND FOR SALE LAND PARCEL JURONG WEST P3 .sHFv On behalf of the Government of the Republic of Singapore, the Housing Development Board is pleased to invite tenders for the sale of a land parcel for mixed Commercial Residential development integrated with
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      49 7 For more information, visit your local Jaguar dealer or go to www.jaguar.com SINGAPORE Malayan Motors, 45 Leng Kee Road, Singapore *****3. Tel:(6s) 6378 2662, (65) 6378 2626, (65) 6378 2627; Fax:(6s) 6474 0853 Parts and specifications of actual model available in Singapore may differ slightly from the above depiction.
      49 words
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      1401 8 GP Batteries International Limited (Incorporated in the Republic of Singapore) Co. Reg. No. *****2111N Announcement of Unaudited Results Dividends For The Year Ended 31 March 2005 The Board of Directors of GP Batteries International Limited is pleased to announce the unaudited results of the Group for the year ended 31
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      56 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon More US$ upside quite possible after correction
      876 10  -  CURRENCIES European worries, strong US numbers, fading yuan revaluation talk key factors LARRY WEE Senior Correspondent WE got the nice upside swing on the US dollar that we were looking for in this column a fortnight ago, and its run-up may not be
      876 words
    • TRADES TO WATCH
      • Article
        Lock icon OCBC buys 230,000 more shares from market
        433 10 OVERSEA-CHINESE Banking Corporation has purchased another 230,000 of the bank's shares through market acquisition. The shares were purchased yesterday at prices of $13.80 and $13.90 per share, costing about $3.2 million in total. To date, OCBC has bought about 1.45 million of its
        433 words
      • Article
        Lock icon Substantial shareholder raises stake in Ipco
        63 10  -  Compiled by ALEXANDRA HO INFRASTRUCTURE projects, turnkey engineering and construction company Ipco International has announced an increase in the shareholding of substantial shareholder Chng Gim Huat Mr Chng raised his share-holding to 7.9 per cent from 7.87 per cent, by purchasing 221,000 shares in
        63 words
    • Article, Illustration
      Lock icon Untitled
      427 10 OTHER SINGAPORE INDICES May 24 VALUE CLOSE BT OB/OS -398.00 -86.00 BT CADI -*****.00 -50.00 BT 10-day MA -*****.00 -40.00 All-SG Equities 557.95 +1.49 SG Equities Elect 132.29 -1.37 SG Equities Fin 1623.56 -6.70 SG Equities Prop 547.86 +4.43 SIMSCI 258.29 +0.79 SiMSCI Futures 258.70 +0.50 MOST ACTIVE STOCKS VOLUME
      427 words
    • Article
      Lock icon BROKERS' TAKE
      255 10  -  Compiled by TEH HOOI LING Thakral Corporation May 24 close: 11 cents PHILLIP SECURITIES, May 24 THAKRAL reported FYOS revenue of $535 million and an 18 per cent increase in net profit to $18.5 million. The group is fundamentally sound. We keep our "hold" recommendation and retain fair
      255 words
    • Article, Illustration
      Lock icon Chip, property stocks shine
      411 10  -  STOCKS TEH HOOI LING Senior Correspondent SEMICONDUCTOR and property stocks were the bright sparks in the market yesterday on continued rerating of the two sectors. Otherwise, the market was relatively quiet. "I was about to leave the office," said a remisier when BT called him at
      411 words
    • Article, Illustration
      Lock icon STI still trapped in 'ground hog day' of sideways action
      294 10  -  CHART POINT By KEN TAI,ROHAN SUPPIAH, OCBC Investment Research THE indicators are promising us better times in the longer term. But in the near term, unfortunately, the Straits Times Index remains trapped in a traders' version of "ground hog day",
      294 words
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  • SINGAPORE NEWS
    • Article
      Lock icon 6 wireless broadband operators get the nod
      484 11  -  Successful bidders can start deploying their WBA networks from July By AMIT ROY CHOUDHURY WITH six out of seven companies emerging successful in the bidding for wireless broadband access (WBA) spectrum allocation yesterday, the stage is set for new players to enter the
      484 words
    • Article, Illustration
      Lock icon Opening of gas market on track
      545 11  -  By RONNIE LIM SINGAPORE is on schedule to open up its gas market by the end of the year the deadline recently set by the Ministry of Trade and Industry, the Energy Market Authority's chief executive disclosed yesterday. "The Network Code, governing the gas
      FILE PHOTO  -  545 words
    • Article
      Lock icon Consumer prices rise 0.6% in April
      156 11 THE April consumer price index (CPI) released yesterday by the Singapore Department of Statistics was up 0.6 per cent from the previous month, driven by higher costs in food, clothing and footwear, housing, transport and communication and healthcare. Housing costs led the pack with
      156 words
    • Article
      Lock icon Payment systems key to procurement: survey
      232 11 MOST government agencies view payment automation as key to improving their procure-to-pay process, according to a survey by Visa International. About 68 per cent of government officials from 13 countries cite their key priority as automation and believe that there is further opportunity for
      232 words
    • NEWS ROUNDUP
      • Article
        Lock icon Nets fadlity eases GST refunds for tourists
        85 11 TOURISTS can now go to Nets terminals at selected merchants to claim their GST refunds. With a swipe of the debit card, the machine will print a voucher with the total refund amount and tourists can claim from the Customs desk at Changi
        85 words
      • Article
        Lock icon 70,000 have yet to confirm CPF top-up
        81 11 WHILE 2.2 million Singaporeans have qualified for CPF top-ups to be made on July 1 this year, the Ministry of Finance says 70,000 others have not said whether they want their CPF top-ups. People must return their forms by May 31 to qualify.
        81 words
    • Article
      Lock icon Domestic wholesale trade index up by 19.1 %
      266 11 Domestic wholesale trade index up by 19.1 SINGAPORE'S domestic wholesale trade index in the first quarter of this year was 19.1 per cent up on the corresponding period a year ago. The Department of Statistics said domestic wholesale trade got a boost from sales of petroleum and petroleum products, which
      266 words
    • Article
      Lock icon S'pore wants more PhD students
      563 11  -  By CHEN HUIFEN in Helsinki SINGAPORE wants to encourage more students to further their education up to the PhD level to build up a huge intellectual base and one way to do that is to create a sizeable industry base that requires their expertise, said
      563 words
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      749 11 Booator Capital Guaranteed Fund SOD RIO 12/08/ M Ml BQO Read our newspapers for a fresh set of jobs everyday! j 8 BANCA DI ROMA (INCORPORATED IN ITALY WITH LIMITED LIABILITY) CONDENSED BALANCE SHEET (amount* In oumo) Aawtt 31 Cash and balances with central banks and poet offices 556,933,333 Treasury
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      44 11 RPPI i 111 <3 J W* m S I I ff! 1 Opportunity t#cquire 50% of a I significant professional business I Capital required AUD >4.2 million I I Contain r| I IN PACT McDonald Carter I maltiardy@mcdc.cofit.au I Fax: 61 3 8613 8800
      44 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon China told to revalue currency by at least 10% by US
      684 12 If not, Congress will enact protectionist laws, warn Kissinger, others [WASHINGTON] The US Treasury has told the Chinese authorities that they must revalue their currency by at least 10 per cent against the dollar to prevent protectionist legislation in
      AFP  -  684 words
    • Article
      Lock icon KUALA LUMPUR STOCK EXCHANGE
      4 12
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    • Article
      Lock icon Existing home sales at all-time high
      310 12 LATEST US DATA Reuters. AP [WASHINGTON] Sales of existing homes rose 4.5 per cent in April to the highest sales pace on record as low mortgage rates continued to fuel a housing boom, a national trade group reported yesterday. The National Association of Realtors
      Reuters.; AP  -  310 words
    • Article
      Lock icon Asia's growth seen slowing to 5.25% this year: IMF
      294 12 Bloomberg [WASHINGTON] Economic expansion in Asia is expected to slow to 5.25 per cent in 2005 from 6.25 per cent in 2004 as export growth subsides, the International Monetary Fund said in an in-house publication. Growth in the emerging market nations
      Bloomberg  -  294 words
    • Article
      Lock icon China threatens to renege on textile promise
      408 12 AFP. Reuters [BEUINGI China yesterday threatened to renege on a promise to impose tariffs on 74 categories of textile products if the same items were subject to limits from US and Europe. "If the US and the EU formally cany out restrictions ob
      AFP.; Reuters  -  408 words
    • Article
      Lock icon Gold loses shine on US growth fears
      391 12 Precious metal falls to near three-month low Bloomberg [MELBOURNE] Gold traded near a three-month closing low on speculation US government reports this week will signal American economic growth is accelerating, reducing the precious metal's appeal as an alternative investment to the US dollar.
      Bloomberg  -  391 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon Felda set to place out 42m MISC shares
      422 13  -  BT exclusive Placement worth more than RM750m will be one of the year's biggest By S JAYASANKARAN in Kuala Lumpur THE Federal Land Development Agency, or Felda, is looking to place out more than 42 million shares it owns in Malaysia International
      422 words
    • Article
      Lock icon Corporate governance rating for M'sia
      322 13 Bernama [KUALA LUMPUR] The corporate governance rating for public-listed companies (PLCs) will be ready end of this year, said Malaysian Institute of Corporate Governance (MICG) chief executive Mohd Ishak Ismail. Speaking to reporters at the corporate governance rating brainstorming session here today, he said MICG
      Bernama  -  322 words
    • Article, Illustration
      Lock icon Capital markets regulators in M'sia getting tough
      426 13  -  Dodgy share price movements target for new vigilance By S JAYASANKARAN in Kuala Lumpur MALAYSIA'S capital markets regulators are displaying a new get-tough attitude towards dodgy share price movements brokers say may be drying up trading volumes, amid tighter scrutiny of share trades
      BLOOMBERG FILE PHOTO  -  426 words
    • Article
      Lock icon Indonesia's Matahari to open supermarket in China
      198 13 Bloomberg [JAKARTA] PT Matahari Putra Prima, Indonesia's biggest retailer, plans to open a supermarket in China in August in its first expansion overseas, director Danny Kojongian said. Prospects of expanding consumption have been luring retailers including Wal-Mart Stores Inc, the world's largest, which
      Bloomberg  -  198 words
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  • GREATER CHINA
    • Article
      Lock icon CCBC completes prospectus
      382 14 It will now step up efforts to secure foreign strategic investors Reuters [BElJlNG] China Construction Bank Corp (CCBC), the country's largest property lender, has completed its listing prospectus ahead of a planned share offering this year, the Xinhua news agency said. Xinhua, in a report late on
      Reuters  -  382 words
    • Article, Illustration
      Lock icon War shrine comments strain China, Japan ties
      467 14 Reuters [BEIJING/TOKYO] China vented anger yesterday over remarks by Japanese leaders on visiting a shrine for war dead, a day after a top Chinese official abruptly cancelled a meeting with Japan's prime minister in an apparent snub. Chinese Vice-Premier Wu Yi called off
      Reuters; REUTERS  -  467 words
    • Article
      Lock icon China firms' profits hit as raw material costs take toll
      415 14 Reuters [BEIJING] A sharp slowdown in profit growth underscores the perils facing Chinese companies as they fight to maintain market share in the face of sharply rising costs for oil and raw materials. With most manufacturing sectors awash in excess
      Reuters  -  415 words
    • Article
      Lock icon UNIT TRUSTS ft FUNDS
      35 14 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
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  • INDIA
    • Article
      Lock icon Apollo health-care group's Q4 profit up
      147 15 Bloomberg [MUMBAI] Apollo Hospitals Enterprise Ltd, India's biggest health-care company in which Singapore investment agency Temasek Holdings has a 5 per cent stake, said its fourth-quarter profit rose 41 per cent. Profit rose to 124 million rupees (554.7 million) in the three months ended
      Bloomberg  -  147 words
    • Article
      Lock icon India publisher buys 90% of The Asian Age
      388 15 Newspaper gives Deccan Chronicle a national presence Reuters [MUMBAI] Indian publisher Deccan Chronicle Holdings Ltd said on 'Monday that it had bought a 90 per cent stake in The Asian Age newspaper, giving it a national presence and bolstering revenues by 2007.
      Reuters  -  388 words
    • Article
      Lock icon Rising wages seen as main threat to Indian IT firms
      567 15 Cost advantage is starting to erode, warns venture capitalist Haque Bloomberg [BANGALORE] Promod Haque, who was ranked first among global dealmakers by Forbes magazine in 2004, said rising salaries posed the biggest threat to the development of technology companies in
      Bloomberg  -  567 words
    • Article, Illustration
      Lock icon Oil ministry seeks price hikes
      219 15 AFP [NEW DELHI] India's oil ministry has recommended an increase in gasoline and diesel prices for stateowned oil companies hit by a surge in imported crude oil costs, an official said on Monday. Petroleum Secretary S C Tripathi said the government should allow stateowned oil
      AFP  -  219 words
    • Article
      Lock icon State Bank of India, ONGC could join Fortune 500 this year
      193 15 [NEW DELHI] Oil and Natural Gas Corp (ONGC) and State Bank of India (SBI) may join the Fortune 500 list of companies this year, India's Economic Times reported on Monday. Due to high oil prices, the turnover of oil
      193 words
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      365 15 www.tradershotcls.com B I B By Shangri-la H ft I x m i, -i/ fti i i »<•' j > H On motf dowetho fhMr; m Chm, how cm V I I I I I liiiiiiiii ii mi 1 SMART TRAVELLERS KNOW. TRADERS HOTELS M BEIJING CHANGZHOU CHENNAI DUBAI MANILA SHENYANG
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  • ASIA-PACIFIC/WORLD
    • Article, Illustration
      Lock icon Concerns over US$32b loss in GM, Ford debt
      574 16  -  Estimated loss from debt downgrades raises fears of financial crisis By NEIL BEHRMANN in London THE combined losses as a result of the debt downgrades at General Motors and Ford could be as high as US$32 billion, and this could lead to
      AFP  -  574 words
    • Article, Illustration
      Lock icon Google stock jumps on talk of S&P 500 inclusion
      540 16 Reuters [LOS ANGELES] Shares of Internet search leader Google Inc hit a record high on Monday and closed up almost 6 per cent in heavy trading amid speculation that the stock could be added to the S&P 500 index. Shares of
      Reuters; Source: Bloomberg  -  540 words
    • Article
      Lock icon New drug to help combat premature ejaculation
      291 16 AFP m [WASHINGTON! While Viagra has made sex possible for men suffering from impotence, a new drug introduced in the United States on Monday aims to make it last longer much longer. The new wonder medicine named dapoxetine, unveiled at an annual meeting
      AFP  -  291 words
    • Article
      Lock icon Probe into Arroyo's alleged lottery links
      188 16 Reuters [MANILA] Philippine law-makers said yesterday they would begin this week an inquiry into allegations that President Gloria Macapagal Arroyo's family members received payments from syndicates running an illegal lottery. Mrs Arroyo has ordered a separate investigation and a crackdown on the numbers game
      Reuters  -  188 words
    • Article
      Lock icon Embryo stirs House as vote nears
      543 16 Reuters [WASHINGTONJ Supporters and opponents of embryonic stem cell research ratcheted up arguments ahead of votes on rival bills in the US House of Representatives yesterday. Each side produced patients, polls and scientific studies to support their positions on Monday. One bill, offered by
      Reuters  -  543 words
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      414 16 June to The Suntec Fees: Ss2so (Inclusive tea MBi ifliM 11 f 7 After more than two decades growth, China's autonomous substantial changes and experienced significant regional differences in terms of Qt^st§l Mon9m economic fundamentals, trade and investment environment government fiscal condition, social-environment and manpower-business circumstances. The great diversity and
      414 words
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  • WORLD
    • Article, Illustration
      Lock icon Microsoft faces EU deadline
      503 17 It could be fined up to US$5m a day if it fails to comply by month-end Reuters [MADRID] Microsoft Corp has just eight days to comply with remedies imposed on the software giant for violating antitrust laws, the European Union's competition chief said on Monday. "The
      Reuters; AP  -  503 words
    • Article
      Lock icon IBM unveils 'discovery without disclosure' software
      259 17 NYT [NEW YORK] IBM was due to introduce software yesterday that lets companies share and compare information with other companies or government agencies, without identifying the people connected to it. Security specialists familiar with the technology say that, if truly effective, it could help
      NYT  -  259 words
    • Article
      Lock icon Internet infection holds computer files 'hostage'
      468 17 AP [WASHINGTON] Computer users already anxious about viruses and identity theft have new reason to worry: Hackers have found a way to lock up the electronic documents on your computer and then demand US$2OO over the Internet to get them back. Security researchers at
      AP  -  468 words
    • Article, Illustration
      Lock icon Trump Unauthorised is nothing but a bad caricature
      550 17 NYT [WEST PALM BEACH, Florida] No corporate tycoon sells himself and his companies better than Donald Trump. Over the years, The Donald has transformed his last name into a glorified brand that's synonymous with wealth, elegance and excess. He's even managed to
      NYT; AP  -  550 words
    • Article
      Lock icon Another senior banker quits Morgan Stanley
      425 17 Bloomberg [NEW YORK] Morgan Stanley chief executive officer Philip Purcell lost another top banker who helped make the securities firm this year's No 1 mergers and acquisitions adviser as Raymond J McGuire quit to join Citigroup Inc. Mr McGuire, Morgan Stanley's 48-year-old global co-head
      Bloomberg  -  425 words
    • WORLD WATCH
      • Article
        Lock icon US online sales seen rising 22% this year
        98 17 Bloomberg [NEW YORK] US Internet sales will climb 22 per cent this year, helped by women buying more cosmetics, personal care items and gifts, according to a forecast by the National Retail Federation's online retailing group. Sales will rise to U*****.4 billion
        Bloomberg  -  98 words
      • Article
        Lock icon MidAmerican Energy buys PacifiCorp
        80 17 Bloomberg [LONDON] Mid American Energy Holdings, a US utility controlled by Warren BufFett's Berkshire Hathaway, agreed to buy PacifiCorp for US$5.l billion in cash, gaining the largest provider of power in the US Northwest. Mid American is buying PacifiCorp from Scottish Power, which plans to take
        Bloomberg  -  80 words
      • Article
        Lock icon Fiorina may seek public service job
        71 17 Bloomberg [MICHIGAN] Carly Fiorina, ousted in February as Hewlett-Packard Co's chief executive, said she is writing a book and that she is more likely to seek a job in public service than one running another company. "It's more likely that public service is in
        Bloomberg  -  71 words
      • Article
        Lock icon Vodafone to buy back £4.5b of shares
        109 17 Bloomberg [LONDON! Vodafone Group, the world's largest mobile-phone company, pledged to buy back £4.5 billion (5513.6 billion) of shares and doubled the dividend as competition stifled growth. Just maintaining profitability "is actually an excellent performance", chief executive Arun Sarin said on a conference
        Bloomberg  -  109 words
      • Article
        Lock icon Marks & Spencer earnings up 6%
        67 17 Marks Spencer earnings up 6% Bloomberg [LONDON] Marks Spencer Group, the UK's largest clothing retailer, said annual profit rose 6.3 per cent because of a gain on the sale of its financial-services unit Net income rose to £587 million (Ssl .7 billion) in the year ended April 2, from £552.3
        Bloomberg  -  67 words
      • Article
        Lock icon Burberry profit up 18% on higher sales
        99 17 Bloomberg [MILAN] Burberry Group, a UK luxury-goods seller known for putting supermodel Kate Moss in its advertising campaigns, said fiscal 2005 profit rose 18 per cent as the company sold more leather handbags and cut costs. Net income increased to £109.9 million (*****.1
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  • AVIATION
    • Article
      Lock icon US dept may seek power to shoot down errant planes
      466 18 Homeland Security officials to debate proposal for capital security AP [WASHINGTON] The Homeland Security Department is considering whether it should seek authority for its pilots to shoot down errant planes around the nation's capital like the one that came within
      AP  -  466 words
    • Article
      Lock icon Another plane intercepted
      191 18 Reuters [WASHINGTON] US military jets intercepted a small plane that strayed into restricted airspace around Washington on Monday, the second time in nearly two weeks fighter planes steered a wayward aircraft away from the capital with flares, aviation and military officials said. Unlike the May 11 incident
      Reuters  -  191 words
    • Article, Illustration
      Lock icon Paris the most vital int'l aviation hub: study
      551 18 Singapore ranked fourth ahead of New York AP [WASHINGTON] The city of light is also the city of flight, says a new study listing Paris as the most vital connecting point for international air travel. Anchorage, Alaska, places a surprising second on
      AP; FILE PHOTO  -  551 words
    • Article
      Lock icon Jetstar to launch international flights
      114 18 Bloomberg, AFP [SYDNEY] Qantas Airways' discount carrier Jetstar will begin flights to New Zealand by the end of this year, chief executive Alan Joyce said. The airline will reveal prices and marketing plans in August "with a start-up operational date before year's end", Mr Joyce
      Bloomberg,; AFP  -  114 words
    • Article
      Lock icon Losses for easyJet in first half widened
      263 18 Reuters [LONDON] British low-cost airline easy Jet said yesterday that its first-half pretax losses widened in line with expectations due to higher fuel costs. Easy Jet, which is expanding aggressively in Europe, said average air fares were flat in the period despite stiff
      Reuters  -  263 words
    • Article
      Lock icon Boeing to build freighter version of 777 jet
      338 18 Bloomberg [NEW YORK] Boeing Co. the world's second-largest commercial aircraft maker, said its board approved the construction of a freighter version of the long-range 777 jet after Air FranceKLM Group ordered as many as eight of the planes. The aircraft will be
      Bloomberg  -  338 words
    • Article
      Lock icon Northwest may fire 2,031 mechanics
      401 18 Reuters [NEW YORK] Northwest Airlines Corp has proposed firing 2,031, or nearly half of its mechanics, in a bid to save US$l76 million a year, their union said in a document posted in its website on Monday. The Eagan, Minnesotabased airline also is asking the
      Reuters  -  401 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      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
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  • SHIPPING
    • Article, Illustration
      Lock icon Dubai Ports looks to Asia to tap growing economies
      777 19 It plans to more than double capacity to 20m containers a year Bloomberg [DUBAI] Dubai, the world's sixth-largest container port handler, said it is interested in running more terminals in China and India to tap growing economies and challenge rivals, including
      Bloomberg; REUTERS  -  777 words
    • Article
      Lock icon China sees 50% rise in volumes in five years
      342 19 AP. Bloomberg [SHANGHAI] The volume of cargo passing through China's ports every year is expected to rise by more than 50 per cent in the next five years, a report said yesterday. Communications Minister Zhang Chunxian, speaking at a conference in
      AP.; Bloomberg  -  342 words
    • Article
      Lock icon TRANSPORT STOCKS
      263 19 Mey2S g *t- m CH Offshore .035 unch 514 Oyjot Hup 0.74 -0.01 296 Cosco Corporation. 1.70 -0X12 5888 CWT Distribution 355 -OjOI 16 EsaHMgi 1.26 unch 41 FreicfTt unks 338 unch 85 Grand tanks Yacht 0.94 032 2 Java Holdings 1.05 0.01 277 KfVentuve 027/ OjOI 3973
      263 words
    • Article
      Lock icon An ironic twist to speculation on P&O
      633 19  -  STRAIT TALK By DAVID HUGHES THE UK press was busy speculating on the future of P&O last week, following reports that Singapore's Temasek may have bought a small number of shares. As 1 write this, it appears no new shareholder has passed the
      633 words
    • Article, Illustration
      Lock icon Seamen block Irish ferry over cheap hiring policy
      314 19 AFP [CHERBOURG France] Angry seamen at the northwestern French port of Cherbourg stopped passengers disembarking from an Irish ferry on Monday to protest against the company's decision to take on cheap labour from eastern Europe and the Philippines. Irish Ferries, which operates
      AFP  -  314 words
    • Article
      Lock icon New service from Korean container companies
      143 19 [SINGAPORE] A new joint service was recently announced by Korean container lines Heung-A Shipping and STX Pan Ocean, linking Singapore and Jakarta with China. Container ships of 600 twenty-foot equivalent units capacity will each offer a fixed-day weekly service connecting Shanghai to Singapore in
      143 words
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      73 19 NOTICE TO TRADE BELAWAN PORT CONGESTION SURCHARGE Please be advised that the following feeder operators have decided to withdraw the Belawan Port Congestion Surcharge (for all shipments between Singapore/Belawan v.v. and West Malaysia/Belawan v.v.). This will take effect from all vessels sailing from Belawan on or after 25 May 2005.
      73 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon Being brand savvy
      511 20 EDITORIAL WHAT'S a company to do if it's wilting under profit pressures and will pull out all the stops in a last-ditch effort to save itself? In the case of German cellphone maker Siemens or at least its handset unit hire Brazilian footballer Ronaldo to promote its
      511 words
    • Article, Illustration
      Lock icon The futility of bashing China on its currency
      743 20  -  THE BOTTOM LINE FRANK CHING THE ending of the 30-year-old Multi-Fiber Arrangement's (MFA) textiles quota system on Jan 1 has resulted in a surge of Chinese exports and increased American pressure on China to revalue its currency amid accusations that Beijing is
      743 words
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      Lock icon US shouldn't fear rise of China, India
      870 20  -  American leadership can survive and even gain from Asia's new stars as long as trade is free ROBERT SAMUELSON Americans are having another Sputnik moment: One of those periodic alarms about some foreign technological and economic menace. It was the Soviets in the
      PHOTOS: AFP  -  870 words
    • Article, Illustration
      Lock icon Will the French skies fall?
      1303 21  -  EU constitution faces rejection in France referendum, with deep repercussions to follow By ELAINE SCIOLINO NYT [MONTPELLIER, France] OVER sausage sandwiches and vast amounts of beer and local wine, thousands of Frenchmen stood around and argued over how best to save France. Save France from
      NYT; REUTERS  -  1,303 words
    • Article
      Lock icon Hello? Anybody listening?
      543 21  -  LETTERS TO THE EDITOR Leong Sze Hian Singapore I REFER to the editorial "The matter of governance" (BT, May 13) and the article "Singapore slips, but still high in political governance" (BT, May 16). For "voice and accountability", Singapore was placed in the 43.2 percentile rank last
      543 words
    • Article
      Lock icon Why pay extra to Lion Plaza tenant?
      122 21  -  Yeo Whee Kiak Singapore THE announcement of Chemical Industries results for the year ending March 31 stated that an inducement fee of $5 million was paid to the anchor tenant at the Lion Plaza in London. Last year, the company already announced that
      122 words
    • Article
      Lock icon Indian PM needs big bold projects
      835 21  -  By ANDY MUKHERJEE Bloomberg INDIAN Prime Minister Manmohan Singh has rated his government's performance, and the score is a modest six out of a possible 10. While that's a fairly honest appraisal, Mr Singh should have deducted one more point for forcing investors to
      Bloomberg  -  835 words
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  • Page 21 Miscellaneous
    • Miscellaneous
      Lock icon Page 21 Miscellaneous Column 1
      204 21 CRYPTIC CROSSWORD demur (8) 2 Giving stylish, spirited ac- 15 went and finished what re- Across: 1 Game set and match, 9 count firstly demands preci- mained (8) Ennoble, 10 Servile, 11 Numerator, sion (8) 16 Unusually ardent about male 12 Ennui, 13 Redhead, 15 Leaning, 3 Wr nseonbe,n9 n
      204 words
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  • Article
    Lock icon SINGAPORE STOCKS
    2407 22 SGX XTRANET S24Mk Td Lat Vol Day Lact Quote Grtt* Mr GrTW MM MCjp M0» I Co4» Cnwpiy Site *1- fOB> H0i Low »nyr S*r Cw HI Sab ********** 6065 Diamonds US*****»d 6095 IS DJ US Tech US3740 6097 IS MSCI Spore US555 6101 ISS4P500 US8270 ********** 6170
    2,407 words
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  • Article
    Lock icon FINANCE & COMMODITIES
    3400 23 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES tn local am hSI MUU V t*> V yr N dy fr S dy Hyr M«y» lnd«« Ch«nq» Chjrqa Ch«nq« Puna* Chjnp« Pw>g« W-nU ium °re'jT>niiv 857,0 0 3 IS 03 Ob 05 12 liAH* i*varj 793.5 ai 2 7 06 17 38
    3,400 words
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  • Page 24 Advertisements
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      1980 24 I TO USA/CANADA I I EXPORT 1 I OTHER DESTINATIONS I |VESSEL VOY PKG ETA S«| LONG BEACH DALLAS [HOUSTON [MEMPHIS [CHICAGO [NEW YORK TO AUSTRALIA (AUSTRALIA ASIA EXPRESS) OOQ.ATLANTA 03E21 24/05 25/05 10/06 16/04 17/06 15/06 15/06 18/06 VBSH VOY' TttSwT PKG I Bt 1 W I SYP jjj
      1,980 words
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      Lock icon Page 24 Advertisements Column 2
      813 24 IIKTWAHAKOtOtPTVia vßsa/voT umm hbghtbb m km m m «i STIAITS VENTUtE 10/05 IS 3J 10/05 11/05 STKAITS VDTTUtE 11/05 15 12 21/05 24/05 2V05 01/04 03/0* STIAITS VEHTUItE 12/05 15 3.2 05/04 08/06 I I I AUSTRALIAN RORO SIRVtCI 1 vßsa/vor |mmwh|«ohtpqi mI sm Ijkt m stp m m m
      813 words
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  • Page 25 Advertisements
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      963 25 MOL Combiraa a ranoe of shiisoina modes lo antun tinnfu. rillaUt iirrirn covorina moor uoi K in Norm Anwnco, Europe, Jopon, Asia, Afnco Ooomo. Abo gcnpt hrtnr-Ada Cvjstt Ik lUSAN KWANGYANG SHANGHAI YANTUN XIAMEN QMGMO i&JtMMI JAXACtt SUKAMYA KAOHSKJNG lAHGKOK LAWCHAIAH6 HOCHMUHH MS* GUPAM6 r«AIW POtTIBAii6 For Schedules, BL Searches,
      963 words
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      Lock icon Page 25 Advertisements Column 2
      1097 25 KSSEL VOY SIN JKT HKG CTH IWC KTH WIS VESSEL VOY SIN JKT SU» HKG USN WS HYVUIMVOSTOK IKS 24/5 M/S 2/t 4/4 4/4 t/4 8/4 KMTC POUT KELAHC 507S W/5 1/6 2/6 7/4 11/4 12/6 HYPtOGKESS 006S 2/4 4/4 8/6 11/4 13/4 IS/4 IS/4 KMTC SIWGAfOKE SMS 5/6 8/6
      1,097 words
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      Lock icon Page 25 Advertisements Column 3
      647 25 WEEKLY EXPRESS SAILING SCHEDULE I" ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICQ POINTS] VBSa I VOY ISW |PJaAW6|colotMo|lL9«V* IcOUMMO I 111 I I I I !_—zj AISO AGOPIM Fa TO COOM TUTKOMN (VIA cnonoi MB MIBU t goal (VIA N 9KVAI CONWKWB MOTMB VSU TO BBOK (F&TOTOWC. WOTTBDAM,! HA—Bl
      647 words
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  • Page 26 Advertisements
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      624 26 WW WALLENIUS WILHELMSEN website: http://www.2wglobol.(om VESSEL VOY RAMP HEIGHT SIN IK MAO HOW MIA SAY Ml OU HTC NEW MM TAMERLANE AFSIS 3201 ms i.4M 11/06 02/07 11/07 15/07 11/07 16/07 TAIKO Afsl6 4201 MS MM 18/06 21/07 25/07 29/07 27/07 31/07 TARONGA AfslB 3201 ms 6.25 m 20/07 12/08
      624 words
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      Lock icon Page 26 Advertisements Column 2
      734 26 rem yor SM PGU PAC lAMOA 1473N 20/0$ 20/05 PACIAU ~4ii? S7OS 2$7 OS PACQANPA 1474N 21/05 22/05 ffjWM **6 ~W5j~ mi CSf 230) 0123P 22/05 23/05 41M W/QS 61/6* PAC SAMOA M7SN 22/05 23/05 PAC lAWDA 147 AM 24/05 24/05 ■■■■I LbMilU CSf 2301 0124f 24/05 25/05 M Si
      734 words
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      Lock icon Page 26 Advertisements Column 3
      440 26 MYANMA FIVE STAR UNE (Mvmnt NCHMMI UM) lnii| for Y«gw vbsr vor sm m n» pgu PAGAN 346W Sl* HTA-AII JJ7W SU) M MALAYSIA: lOUSTEAD SHIPPING AGENCIES KUI/PKL 03-*****311 PtN: 04-*****15 ACCEPTIBQ COIVEiTIOiAI CBO vesa nor hk si m pn iix JACAJtANMAQ IM U SU) Sift MAINE VKTOt 77 SU)
      440 words
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      899 27 Guaranteed Sailing! I Service from Singapore to: I Los Angeles Seelnng I Weekly Consol. Twice weekly I 14 days transit. Mon A Thurs cut-off I HrOSII twal: CR No. **********0Z rail Vteall 200 Cutwm R—J »13-06 Soetfcpeht, Sl» W iri (*****3) CHINA -INDONESIA SERVICE (C IS) I SHANGHAI HONGKONG CHIWAN
      899 words
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      Lock icon Page 27 Advertisements Column 2
      782 27 FREIGHT LINKS EXPRESS PTE LTD 51 Penjuru Road, 3 Level, Freight Links Express Logisticentre, Singapore *****3. Tel: *****511 Fax: *****577 wS/Ktr E-mail: flesin@singnet.com.sg Website:http://www.freightlinks.net LCL SERVICE TO CHINA ASIA M* 1 I J I CEBU DALIAN HONG KONG JAKARTA QINGDAO Bl 8B SHANGHAI SURABAYA XINGANG XIAMEN If BEST LCL RATES
      782 words
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      Lock icon Page 27 Advertisements Column 3
      290 27 shhh SMCIAiISI M WAVY um A PROJtCT CAROO ■v —inrni btctx n/m*** v miilm IkM liar pan a Uhml ■V IWItWI OM— h!*P* TM» laiM/Mi«taMh Hnrtaa. OR* pad m hhat porti in USA, Atmdco, Cambtan A South Aimrita on mducmmnL llMiiroU m>l Mb Wm ShWn (S) h« Ltd Nml Awdw
      290 words
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      Lock icon Page 27 Advertisements Column 4
      598 27 HBHHriGSISKY 285N 24-26/05 31-02/0* 07-01/06 1 HMHH TIGER WAVE 286 M 28 29/05 03-05/06 11-12/06 I HgLMHMy| TIGER PEARL 287N 31-01/06 07-09/06 14-15/06 1 M I 1"""' 288N 04-05/06 10-12/06 11-19/06 ■■■■■TKBISKY 289N 07-08/06 14-16/06 21-22/06 I 290W 11-12/06 17-19/06 25-26/06 1 KHcnTilafftnitwTtf tn ?*-?s/os ai-m/nt io-ii/oa i ■MRRMTIGER SPIRIT
      598 words
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  • MOTORING
    • Article, Illustration
      Lock icon S'pore first in Asia to get Ford GT
      513 29  -  Limited edition sports car to be displayed by importer Regent By SAMUEL EE AT least one unit of the stunning Ford GT will soon be arriving in Singapore the only country in Asia to get the limited edition sports car. Not even
      513 words
    • Article
      Lock icon The wrong Nissan can drive you astray
      268 29  -  By SAMUEL EE SO you want to check out the latest range of Nissan cars on the Internet? Well, one place you don't want to go to is www.nissan.com The website with that name is currently occupied by a totally unrelated company called
      268 words
  • Page 29 Advertisements
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      167 29 Your subscription to The Business Times weekend at home is now served with a delicious privilege A Dining Voucher* worth $50 is yours and subscribe to the best business when you subscribe to The Business read every weekend! I YHHQHI Times weekend edition. For just $65, The Legends Fort Canning
      167 words
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      Lock icon Page 29 Advertisements Column 2
      171 29 ATTpNTIO^ij! If you intend to drive into Malaysia tor any reason at al, fears is a vary high chinos that you VMLL MOT be driving it batik to Singapore. Last yNT t 8,€24* cars ware stolen in Malaysia and Toyota has boon ranked Via top stolen car!! f*Roye# Wsysw Poice
      171 words
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  • Page 30 Advertisements
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      2230 30 \N DnBNQR PROFIT AND LOSS ACCOUNTS BALANCE SHEETS Dnß NOR Bank ASA Dnß NOR Bank Group Dnß NOR Bank ASA Dnß NOR Bank Group Pro forma Pro forma Pro forma Pro forma 2003 2004 Amounts in NOK million 2004 2003 31 Dec.2003 31 Dec 2004 Amounts in NOK million 31
      2,230 words
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      Lock icon Page 30 Advertisements Column 2
      337 30 KIAN SHIN© INVESTMENT Pit up Co Rag No: *****0642E {IN MEMBERS' VOLUNTARY WINDING-UP) NOTICE Of FINAL MEETING NOTICE IS HEREBY GIVEN puouonl to Section 308 of the Companies Act, Cap. 50lhat the Final M««<lny of the Members of the abovenomed company. will be held at 7500 A Beach Rood #16-3
      337 words
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      Lock icon Page 30 Advertisements Column 3
      693 30 Lianhe Zaobao I Monomk I I (ooperation I I wiih Shoanxi I IN THE MATTER OF DP DRAGON PRIVATE LIMITED (IN MEMBERS' VOLUNTARY LIQUIDATION) COMPANY REGISTRATION NO: *****1428E NOTICE IS HEREBY GIVEN pursuant to Section 306 of the Companies Act. Chapter 50, that the Final Meeting of the members of
      693 words
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      Lock icon Page 30 Advertisements Column 4
      531 30 In the Matter of The Companies Act, Cap.so And In the Matter of FURNI. TEC DESIGN PTE LTD (In Creditors' Voluntary Liquidation) (Co. Reg. No. *****4637R) NOTICE OP PINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap. 50, the Final Meeting of the
      531 words
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  • EXECUTIVE MONEY
    • Article
      Lock icon Gearing up for winds of change
      938 31  -  YOU THE TAXMAN RUSSELL AUBREY and POK SOY YOONG highlight how tax risk management has become a central pillar of good corporate governance RUSSELL AUBREY,POK SOY YOONG By ERNST YOUNG OMPANIES are stepping up to meet new Jwr rules on internal controls under the
      By ERNST & YOUNG  -  938 words
    • Article, Illustration
      Lock icon Bonds gain, equities retreat
      369 31  -  By Chua Boon Lee THE introduction of foreign-domiciled funds approved far sale here has made It harder for ustotrackthe latest fund stoesofto dfferent asset classes in Singapore Hqmvb( the benefits sudi an exercise cannot be understated as It helps ui understand to patterns of fund flows
      369 words
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      Lock icon Henderson bullish on equities
      641 32  -  Fund manager Tony Dolphin tells TEH HOOI LING he sees a return of 5-10% unless oil prices spike and the US real estate bubble bursts TEH HOOI LING GLOBAL equities may still end the year with a gain of about 10 per cent as chances are
      641 words
    • Article, Illustration
      Lock icon The high cost of not staying fully invested
      658 32  -  MONEY MATTERS Don't be deterred by near-term uncontrollable market dynamics ROY VARGHESE EVEN with the best laid financial plans, investors can easily get distracted by market noise and delay the execution of their investment strategies, which jeopardises their chances of achieving their
      Source:  -  658 words
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      Lock icon Today's distractions
      611 32 Global uncertainties AT the macro level, there is a fear that global markets led by the US are stuck in a rut without clear signs of continued economic prosperity. Here are some of the concerns that clients have actually expressed to me. Volatile oil prices The price of
      611 words
  • Page 31 Advertisements
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      693 31 vlmPwf&mW- ifi 'I ffl 1 j SWtKKKgm 9Br ■HKmioTTm FH^innJHßk pti I l hi* —"f^BKscpd *****1 ***** f'l A t D .< jjK I V/ Request For Proposal: *T """"J JL To develop a Multi-Tenanted Building in <»■■«» Business Park. ff /Inspired dreams. Taking seed and growing in a lushly
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      Lock icon Page 31 Advertisements Column 2
      53 31 MERITUS MANDARIN SINGAPORE BE SPOILT FOR CHOICE With our delectable selection of local delights and western favourites served all round the clock. Enquiries: 6831 6291 floor MERITUS MANDARIN tVuV A division of Overseas Union Enterprise Limited (Company Registration No. *****00SOE) 333 Orchard Road, Singapore *****7. Tel: +65 6737 4411. Fax:
      53 words
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  • Page 32 Advertisements
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      34 32 I I i M wHBI OUR LATEST DESIGNER f Furniture collection is here H I ,'r flip' I Rolf Benz: Shaw Centre #01-028 ligne Ros«t Shaw Centre #0339-41 I m 7 Iffff 4MNMMMNMMB9 iB
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      89 32 One-Stop Shipping Services Bhip Registrations Bhlp Classifications Radio Accounting Tuvalu, Mongolia, Panama, Quality, Safety, Security SSIYICOS Belize and many other flags Surveys and Consultants Accounting Authority RSO6 Most competitive fees low taxes 24-hour efficient service, 365 days a year Worldwide network of surveyors No restriction on nationality of Staffed by
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      Lock icon Page 32 Advertisements Column 3
      52 32 YOU AND THE TAXMAN Gearing up for winds of change in tax risk management PG3I 1 125 Years 1 ISStiSSSSSffiSSSS-SSi R Ask us about Corporate, Individual or Group Instruction. Q Cad Berlitz today 6733-7472 or visit www.berlitz.com 5 501 Orchard Road #05-03/04 Wheelock Place Singapore *****0 g §:s: am. cm
      52 words