The Business Times, 2 June 2005
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2005-06-02
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The Business Times
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Title Section12 2005-06-02 1 THE BUSINESS TIMES SlNGAPOftSfrfcillS, mhp&t http://business-times.asial.com.sg MICA (P) 089/03/2005 Thursday, June 2,200512 words
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Article, Illustration589 2005-06-02 1 KALPANA RASHIWALA - Their share of transactions up in Q1 from a year ago By KALPANA RASHIWALA [SINGAPORE] Higher-end apartments and condos noW account for a bigger §lice of sales in the primary and secondary markets than they did a year ago. In the first quarter of thisSource: URA Realis,DTZ Research - 589 words
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Article137 2005-06-02 1 sn 2,176.93 (+15.16) ST INDEX FUTURES 2,170.00 (-2.00) SIMSO 257.03 (+1.63) SIMSO FUTURES 256.70 (unch) MARKETS Wednesday Change IPSE COM? 861.96 +1.23 NIKKEI 225 11.329-67 >53.06 HANG SENG 13.873.07 +&00 SET INDEX 667.52 -(MB JAKARTA COMP 1,082.94 -5J2 MANILA COMP 1.96*31 +34.93 SEOUL COMP 969.51 -0.7 SHENZHEN B137 words
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Article, Illustration616 2005-06-02 1 CHUANG PECK MING - Basic wages seen rising 3.1% against 2.5% last year By CHUANG PECK MING [SINGAPORE! Employers plan to give bigger pay increases and bonuses this year, even though business looks like staying flat, says a survey released a day afterSource: SHRI/RDS 2005 Survey - 616 words
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Page 1 Advertisements
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Advertisement13 2005-06-02 1 IPO WATCH to rifle Islamic IbIzIT %USfirm betting on Singapore PG 28 ■Kpr13 words
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Advertisement20 2005-06-02 1 HEAVY PENALTY Fbrmer Thai central bank chief fined massive 186b baht PG2 r*' «j t^A^^^^gi^Bß^ii^yLjjg^^jp?, r jMpj Ti Ti Ev7*^^^^E20 words
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Advertisement7 2005-06-02 1 NEW ACCS CHIEF Philip Eng appointed M7 words
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TOP STORIES
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Article, Illustration431 2005-06-02 2 DANIEL BUENAS - DETENTION OF ST JOURNALIST It says Beijing in breach of international convention By DANIEL BUENAS [SINGAPORE] China's detention of Straits Times senior correspondent Ching Cheong for alleged spying has come under fire from the World Association of Newspapers (WAN) and the World Editors Forum (WEF).431 words
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Article, Illustration915 2005-06-02 2 Penalty for wiping out bank's reserves on eve of 1997 financial crisis AFP. Bloomberg, Reuters [BANGKOK] A Thai court has fined a former central bank governor Rerngchai Marakanond 186 billion baht (557.6 billion) for a failed attempt to protect the bahtAFP.; Bloomberg,; Reuters; Photo: AFP - 915 words
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Article, Illustration482 2005-06-02 2 DANIEL BUENAS - By DANIEL BUENAS [SINGAPORE] Singapore's manufacturing sector is back on the growth path after its first contraction in 23 months in April, May's Singapore Purchasing Managers' Index (PMI) shows. But overall imports and manufacturing employment continued to shrink in May. And while482 words
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Article740 2005-06-02 2 Andersen conviction over Enron overturned THE US Supreme Court overturned Arthur Andersen's federal conviction for shredding Enron accounting documents. The court held that the trial judge's instructions to the jury failed to require the necessary proof that Andersen knew its actions were wrong. TOP STORIES, PG 3 Wood,740 words
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Article, Illustration618 2005-06-02 3 ARTHUR ANDERSEN TRIAL Prosecutors faulted for setting too low a bar for guilty verdict NYT [WASHINGTON] The US Supreme Court has overturned Arthur Andersen's federal conviction for shredding Enron accounting documents. On Tuesday, the court held that the trial judge's instructions to the jury failedNYT; BLOOMBERG FILE PHOTO - 618 words
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532 2005-06-02 3 RONNIE LIM - Wilton 10 will be one of UK's largest biomass projects By RONNIE LIM Not unlike •lephant grass being used IJd fuel a new UK biomass power station, a Singapore $ower company will burn wood,-sawmill chips and Recycled timber to produce «lectricity532 words
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Page 2 Advertisements
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Advertisement30 2005-06-02 2 BT ONLINE Access to BT Online is free after 6pm each day. But print subscribers can access our online news anytime. Call 6388-3838 to subscribe and activate your online account30 words
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Advertisement11 2005-06-02 2 PM v i I i THE BUSNESS TIMES 1 1 weekend11 words
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Page 3 Advertisements
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Advertisement143 2005-06-02 3 THE HOURGLASS T [Ml' II S SHOWCASE J* I B PHIL I P P F D I) FO U R I I (> I I L' C I C C < > 111 p I I (j IK' C VI AN Nl Y HALTER ERKIQ3UI Cre.it ivl* W.itchm.ik nif| I.I143 words
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COMPANY NEWS
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Article, Illustration546 2005-06-02 4 MICHELLE QUAH - His most urgent task is to get the company back on a solid footing By MICHELLE QUAH TROUBLED Accord Customer Care Solutions (ACCS) has roped in Philip Eng, former group managing director of Jardine Cycle Carriage, as its chairman and a non-executive director toASHLEIGH SIM - 546 words
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584 2005-06-02 4 WONG WEI KONG - HOCK LOCK SIEW IPO managers and aspiring companies must view them positively to build a healthier market By WONG WEI KONG GIVEN some of the issues that have cropped up in the market over the past year or so, it is not584 words
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300 2005-06-02 5 ANGELA TAN - But fixed-line penetration slipped marginally to 99.8% from 100% By ANGELA TAN THE number of mobilephone subscribers in Singapore has crossed the four million mark. It hit 4.01 million in April, up from 3.99 million in March and 3.61 million a year ago.300 words
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300 2005-06-02 5 CHLOE CHOY - By CHLOE CHOY THE Securities Investors Association of Singapore (SIAS) has called on Longcheer Holdings to redistribute the $696,000 it had received from underwriter DBS Bank to subscribers of its initial public offering who had suffered losses as a result of its300 words
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Article538 2005-06-02 5 Reuters THE Singapore Exchange is to launch a second futures contract based on an Indian stock index in addition to an options contract likely to be based on the Straits Times Index itself, an SGX official said yesterday. The moves mark a push by SGX toReuters - 538 words
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Article, Illustration303 2005-06-02 5 CHLOE CHOY - By CHLOE CHOY SESDAQ-LISTED food and beverage chain Bread Talk Group Limited yesterday announced that it has signed a 10-year master franchise agreement with India's Crustum Products Private Limited. The agreement will allow Hyderabad-based Crustum which also manages the Viceroy Hotel and Convention centre inARTHUR LEE - 303 words
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Article, Illustration477 2005-06-02 6 CAROLYN QUEK - IPO proceeds of $7.9m will help fund R&D into new products By CAROLYN QUEK HOMEGROWN banking solutions provider System Access yesterday launched its IPO of 49 million new shares at 20 cents each, as it prepares to ride the crest of theFILE PHOTO - 477 words
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506 2005-06-02 6 Reuters STATS ChipPac Ltd, the world's third-largest microchip testing and packaging firm, may need to raise fresh equity funding this year to boost its weak balance sheet, analysts say. Stats' net gearing has been climbing after its acquisition of ChipPac, completed in AugustReuters - 506 words
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265 2005-06-02 6 Bloomberg CITY Developments Ltd, oYie of Singapore's biggest downtown office landlords, has said that it is in talks with Suntec Reit and other parties to place some of its properties into a real estate investment trust. City Developments was responding to aBloomberg - 265 words
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255 2005-06-02 6 LISA TAN - It signs pact with Liaoning firm By LISA TAN CHINACAST Communication Holdings Limited has made its foray into China's energy sector. The company said yesterday that it has signed an agreement with electricity and energy company Liaoning Xinsheng Digital Technology Co for work255 words
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361 2005-06-02 6 Reuters SOUTH Korean shipper STX Pan Ocean Co Ltd, part of STX Corp, plans to raise up to US$4OO million in a Singapore initial public offering, people familiar with the deal said yesterday, as it seeks funds to buy new ships.Reuters - 361 words
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Advertisement880 2005-06-02 4 v I Out of India* Taking Advantage of Investment Opportunities Perhaps no country other than China has attracted so much tor natur s ze an d specific characteristics of the market are very interest in, recent times as India has. Much has been writ- different from other markets and it880 words
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Advertisement150 2005-06-02 5 I NOW SIA FLIES 3 TIMES DAILY NON-STOP TO BEIJING H Enjoy the convenience of arriving or departing Beijing in the morning, afternoon or evening. With our latest 4^^ addition of flight SQB22, Singapore Airlines now flies 21 times weekly to Beijing. En route, you can enjoy the inflight sl150 words
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Advertisement18 2005-06-02 5 Booster Capital Guaranteed Fund SGDRID 19/05/05 9.62 SGD Double Joy Capital Guaranteed Fund USD RID 23/05/05 10.00 USD18 words
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Advertisement129 2005-06-02 6 w t I I I I U' r- In I) I I ...//<>4I <> <><>8(1 here lo wine, time and onlcrla m... > fey £s*w .is. /\s\r jtjNGA KTEM CM Mm!JtaMWcMMn »mhM CMS lill Fac (MS MM MM MM* U*» -tiupi Amalfi III: II62U) i i Il l v If-129 words
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Advertisement143 2005-06-02 6 Euro-Asian Buret Lunch Dinner Indulge in the best of two culinary worlds as we bring you the best of international cuisine. Highlights Include Rotl Prata from Singapore. Sashimi and Califbmian Hand Rolls from Japan, Fresh Oysters, Soft-shelled Crabs, Braised Oxtail from Europe and lots more. Monday to Sunday (except Saturday)143 words
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Advertisement112 2005-06-02 6 hard Liquor promotion IV-ili.ips iIk- umlil s most I.minus \\luski\. |.n k I '.mil ls i*11)o\ s .i i ii 11 Innl.iil.iliiiv; ll.ll k lo I «X(>(l wlun I 111" *****11 11 w.is 111 SI llll-U III III .1 111 SI 1111' I III I I 111 X I I112 words
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Advertisement88 2005-06-02 6 Introducing Majella The Musician "Manila la undoubtedly the finest win* In the Coonawarra."- Robert ParkerJnr H "Msfslls..Absolute blue chip In the making." Langton's Australian Fins Wins Quids "Majella Is ons of Coonawarra's bast wines' James Hsllldsy U,H Iv N "Majella...Their wines simply rsflset soms grsst fruit" Jsremy Oliver "Doss It88 words
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Advertisement68 2005-06-02 6 THE NEPTUNE COLLYER QUAY mMV THE NEPTUNE SINGAPORE'S LARGEST THEATRE RESTAURANT Indulge in traditional dian xin saved trolleycart style. Or be dazzled by the only international topless cabaret in Singapore whilst enjoying seafood a-la-carte. Reservations: 6224 3922 yjras) OatyrOuf A division of Overseas Union Enterprise Limited (Company Registration No *****0050E)68 words
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BLUE CHIPS
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Article, Illustration800 2005-06-02 7 JEAN CHUA - It shifts its focus to logistics, as economic imbalances plague the shipping industry, reports JEAN CHUA JEAN CHUA On May 4, group president and chief executive of container shipper Neptune Orient Lines (NOL), David Lim, made a speech at Erasmus University in theSource: Bloomberg - 800 words
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Advertisement561 2005-06-02 7 v For those who ever had a hard time choosing between short-term gain and long-term growth, Fidelity makes it easy for you with the Fidelity Funds Asia Pacific Growth Income Fund. The Asia Pacific region is expected to be the highest dividend payout region in the world for 2005*. A561 words
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SINGAPORE MARKETS
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Article, Illustration530 2005-06-02 8 R SIVANITHY - STOCKS ST Index jumps 15 points but there were 240 falls versus 185 rises R SIVANITHY Senior Correspondent IT'D be fair to say that most local traders are well aware of the market's "split personality", or the divergence between the blue chips and the rest ofSource: Bloomberg - 530 words
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Article, Illustration748 2005-06-02 8 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS (Disclosures made on Jun 1 and earlier) Subsantial No of Prtco SHAREHOLDING Shareholder Buy/ Share* Per Before After Stock Trans Date Director SeH '000 ShrS HMO) TOOO) SNPCorp 1-Jun-05 YeoCheeTong OE 100 na 284 0.25 384 0,33 Junma Tyre 1Jun-05 Gay Chee Cheong ST748 words
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229 2005-06-02 8 CHUANG PECK MING - Compiled by CHUANG PECK MING THE Capital Group Companies, an American fund manager, has trimmed its deemed holdings in mobile voice and data communication services provider Mobile One to 5.9173 per cent or 58.17 million shares. The reduction, from 6.0377 per cent,229 words
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Article, Illustration926 2005-06-02 8 R SIVANITHY - Compiled by R SIVANITHY Singapore Exchange June 1 dose: $1.92 OCBC INVESTMENT RESEARCH, June 1 WHILE several big Chinese companies are coming onto the market, Singapore Exchange Limited (SGX) is not seeing any of the action. With the dearth of market interest and with the local IPO marketSource: Bloomberg - 926 words
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Article, Illustration563 2005-06-02 8 LARRY WEE - CURRENCIES LARRY WEE Senior Correspondent ANOTHER expected "No" vote from the Dutch on the European Constitution yesterday following a French rebuff last weekend took a heavy toll on the euro again, catalysing a huge boost for the US dollar across the board The greenback onceSource: Reuters - 563 words
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SINGAPORE NEWS
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413 2005-06-02 9 JEAN CHUA - Govt will also give out $200 payment to help bridge staff wage gap By JEAN CHUA CIVIL servants will get an AVC annual variable component of about 0.4 month and $200 on top of that next month, which the government says will narrow413 words
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323 2005-06-02 9 CHEN HUIFEN - By CHEN HUIFEN SINGAPORE'S wholesale trade saw a 17.9 per cent increase in its operating receipts to $519.3 billion in 2003, according to data provided by the Department of Statistics (DOS) yesterday. The wholesale trade data is part of an323 words
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326 2005-06-02 9 SAMUEL EE - Denso grows sales service network, gets IHQ status S$18m to be spent over five years By SAMUEL EE AUTOMOTIVE components maker Denso Singapore will spend SslB million in the next five years expanding its after-market sales and service network in the Asia-Pacific region. Denso Singapore is the regional after-market sales,326 words
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535 2005-06-02 9 SIOW LI SEN - Its fund of hedge funds aims for 12-15% annualised return in 3-5 yr period By SIOW LI SEN WHEN does a hedge fund become mainstream? When it's listed on a stock exchange at a price affordable to the man in the street. Singapore investors are being535 words
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Article, Illustration331 2005-06-02 9 LIZA LIN - By LIZA LIN SINGAPOREANS may be finally fueling the effects of credit card fatigue as statistics from the Credit Bureau Singapore show. Year-on-year figures for new account activity in the first quarter of this year fell by more than 27 per cent from a yearFILE PHOTO - 331 words
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Article128 2005-06-02 9 Bloomberg SINGAPORE Power Ltd had its credit rating raised one level to AA from AA- by Standard Poor's after it sold assets in Australia for As2.l billion (552.6 billion). The rating upgrade "reflects the group's improved business position", S&P said in a statement yesterday. This resultsBloomberg - 128 words
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Page 9 Advertisements
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Advertisement604 2005-06-02 9 Notices SGA SOCIETE GENERALE ACCEPTANCE N.V. (Incorporated in the Netherlands Antilles with limited liability) NOTICE TO WARRANTHOLDERS TO ALL HOLDERS OF EUROPEAN STYLE CASH SETTLED CALL WARRANTS RELATING TO THE ORDINARY SHARES OF TOTAL ACCESS COMMUNICATION PUBLIC COMPANY LIMITED ISSUED BY SGA SOCl£T£ G£n£RALE ACCEPTANCE N.V. UNCONDITIONALLY AND IRREVOCABLY GUARANTEED604 words
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Advertisement416 2005-06-02 9 IN THE MATTER OF THE COMPANIES ACT (CAPTER 50) AND IN THE MATTER OF SIFORTEL SOLUTIONS PTE LTD. Company Ragstraoor No IMBOOI9IZ (IN CREDITORS' VOLUNTARY WINDING UP) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 306 of the Companies Act, Cap. 50, that the Final Mooting of416 words
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FOCUS: SERVICES
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Article, Illustration980 2005-06-02 10 CHLOE CHOY - HUMAN CAPITAL MANAGEMENT The evolution of human resources to HCM proves the adage that industry is nought without its people, says CHLOE CHOY CHLOE CHOY training and retaining some of the country's brightest employees. While most people tend to use both terms interchangeably, there existsFILE PHOTO - 980 words
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Article4661 2005-06-02 10 UNIT TRUSTS FUNDS Citi US Aggressive Growth Fund 0.82/ S B Sd Gib Bus Ldrs Ptfl 03(SGD) ....1.1069/ SBSH Gib Bus Ldrs Pt«03(USO) 1.1702/ Mgt (S pore) Citfcond S'pore Class Y...... 0977/ Star Europe Eqt* 0.79V S 8 Sel Eqty Dividend Pf 04 (SGD) 0.9533/ Star Europe Bond 1.252/ s4,661 words
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Page 10 Advertisements
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Advertisement15 2005-06-02 10 PIMCO Global Real Return Fund rated 5-star by Mercer Investment Consulting talestors company regn.no I9^907I69Z15 words
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ECONOMY WATCH
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407 2005-06-02 11 Call comes ahead of visits by US officials for talks on flood of Chinese exports AFP [BEIJING] The United States and European Union must adopt a more flexible attitude if progress is to be made in their dispute with China over textile exports, stateAFP - 407 words
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189 2005-06-02 11 AFP [TOKYO] Japanese workers' wages rose in April for the first time in a year, the government said yesterday, in the latest sign that the world's second largest economy is recovering after unemployment dropped to a six-year low. The averageAFP - 189 words
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225 2005-06-02 11 AP [JEJU, South Korea] Pacific Rim trade officials meeting in South Korea this week are expected to push for progress in the World Trade Organisation's Doha round of trade talks, focusing on the services sector. Officials from members of theAP - 225 words
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429 2005-06-02 11 But it may widen this year as govt steps up spending Bloomberg, Reuters [MUMBAI] India's budget deficit narrowed to an eight-year low in the year ended March 31 as reduced spending on power, roads and shipping helped cut expenditure, the governmentBloomberg,; Reuters - 429 words
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409 2005-06-02 11 Reuters [NEW DELHI] Ratings agency-Standard and Poors said yesterday India's lower-than-expected federal fiscal deficit of 4.1 per cent of GDP in the 2004/05 fiscal year was "encouraging", though it was too early to look at an upgrade. "The data is encouragingReuters - 409 words
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Article, Illustration755 2005-06-02 11 Drought leads slew of factors retarding GDP growth Bloomberg [SYDNEY] Australia's economy grew less than expected in the first quarter as business investment shrank .and farm output stalled, reinforcing expectations the central bank has finished raising interest rates this year. Gross domestic product rose 0.7Bloomberg; REUTERS - 755 words
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Page 11 Advertisements
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Advertisement629 2005-06-02 11 MACOUARC MACQUARIE BANK LIMITED (ABN 46 008 583 542) (Incorporated under the laws of the Australia) NOTICE TO WARRANTHOLDERS To: (1) ALL HOLDERS OF EUROPEAN STYLE CASH SETTLED CALL WARRANTS RELATING TO THE ORDINARY SHARES OF SINGAPORE PRESS HOLDINGS LIMITED ISSUED BY MACQUARIE BANK LIMITED (SPH MBL ECW*****7); AND (2)629 words
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MALAYSIA/INDONESIA
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Article, Illustration509 2005-06-02 12 S JAYASANKARAN - MD gives rare peek into inner workings of M'sian govt investment arm By S JAYASANKARAN in Kuala Lumpur KHAZANAH Nasional, the investment arm of the Malaysian government, partially opened its books to journalists yesterday, providing a rare peek into theBLOOMBERG - 509 words
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Article, Illustration543 2005-06-02 12 S JAYASANKARAN - By S JAYASANKARAN in Kuala Lumpur AN acid response by International Trade Minister Rafidah Aziz to her erstwhile boss, former prime minister Mahathir Mohamad, has once again spotlighted Malaysia's controversial practice of issuing car-import licences to favoured individuals. Dr Mahathir on Monday called543 words
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475 2005-06-02 12 PAULINE NG - By PAULINE NG in Kuala Lumpur A SLEW of limit down trades on the Malaysian bourse resulting from possible market manipulation may be considerably lessened under a new trading platform to be used by Bursa Malaysia soon. The RM7O million (5530.8 million)475 words
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Article2403 2005-06-02 12 vol General Corp 0.38 -0.01 63 ill «M W- rOM) Genting 18.20 0.30 746 George Kent .0.65 -0.06 32 A 4 M Realty 1.40 unch 17 GHLSystems .0.21 unch 413 Abric *32 -0.00 407 Globetronia Tech 0.38 unch 559 ACP Industries 0.80 unch 0 GlomacBhd 1232,403 words
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NOTE BOOK
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115 2005-06-02 12 Bloomberg [SHANGHAI] Asia Securities Co, a Shanghai-based brokerage, was yesterday ordered to close because of undisclosed debt, the latest Chinese brokerage to go under in an industry with total indebtedness estimated at US$24 billion. The China Securities Regulatory Commission asked a local law firm toBloomberg - 115 words
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113 2005-06-02 12 Reuters [SHANGHAI] China's shares dived 2 per cent yesterday, finishing at their lowest level in more than eight years after big caps slid on resurgent fears of a flood of shares onto the market. The benchmark Shanghai composite index, which had been miredReuters - 113 words
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86 2005-06-02 12 AFP [NEW DELHI] The Delhi High Court dismissed charges on Tuesday against the three billionaire Hinduja brothers in an 18-year-old arms kickback case involving Swedish-made Bofors guns. The 1986 scandal, which embroiled the European-based brothers, rocked the then Congress party government and led toAFP - 86 words
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97 2005-06-02 12 Reuters [KUALA LUMPUR] Malaysia's UEM Builders Bhd said yesterday that its subsidiary, UEM Construction, had been chosen by the government to take over the country's largest rail project, which is running behind schedule and over budget. UEM Construction will take over the remainingReuters - 97 words
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96 2005-06-02 12 Reuters [JAKARTA] Indonesians on Borneo island voted in landmark elections yesterday, choosing local leaders for the first time in a process that symbolises the final devolution of authority from the once all-powerful central government. Residents in the Kutai Kartanegara regency of Hast Kalimantan province areReuters - 96 words
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Page 12 Advertisements
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Advertisement631 2005-06-02 12 Deutsche Bank 13 DEUTSCHE BANK AG, LONDON BRANCH (Incorporated under the laws of the Federal Republic of Germany) NOTICE TO WARRANTHOLDERS To: (1) ALL HOLDERS OF EUROPEAN STYLE CASH SETTLED CALL WARRANTS RELATING TO THE STRAITS TIMES INDEX ISSUED BY DEUTSCHE BANK AG. LONDON BRANCH (STI DB ECW*****0); and (2)631 words
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GREATER CHINA/INDIA
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Article, Illustration584 2005-06-02 13 Bloomberg [MACAU] MGM Mirage is looking for more projects in the southern Chinese city of Macau as it prepares to build a US$975 million casino hotel in the only place in China where casino gambling is legal, Chairman Terrence Lanni said yesterday.Bloomberg; BLOOMBERG - 584 words
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Article399 2005-06-02 13 AP [SHANGHAI] Las Vegas is looking East, betting that rising affluence will make China a big market for tourism and trade shows despite a gambling crackdown aimed at officials wagering with stolen public funds. "China is one of Las Vegas's top emerging markets," Cam Usher,AP - 399 words
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502 2005-06-02 13 5% tax on prices for sales made within two years of purchase [BEIJING] Shanghai has imposed new taxes on real estate transactions, responding to a central government directive aimed at curbing prices that jumped 19 per cent from a year earlier in502 words
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804 2005-06-02 13 Reuters [BANGALORE] When Mas-sachusetts-based consulting firm Sapient moved to a new office here last week, there was a telling statistic 1,250 workers, more than half its global staff, are now in India. As English-speaking Indian graduates plug into cheap, high-speed telecoms atReuters - 804 words
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282 2005-06-02 13 [HONG KONG] Shenhua Energy's US$2.B billionUS$3.6 billion listing the biggest in the world so far this year has got off to a strong start, with investors offering to buy all the shares to be sold by China's largest coal group after only three282 words
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264 2005-06-02 13 [BEIJING] A Chinese court has refused to hear a landmark lawsuit by hundreds of private investors whose oil wells were seized by the state and police have detained their lawyer, the Financial Times reported on Tuesday, citing people familiar with the case. The264 words
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ASIA-PACIFIC/WORLD
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Article, Illustration680 2005-06-02 14 They seek countries with cheap labour and large potential consumer markets Reuters [NEW YORK] Increased competition, the search for new markets and pressure to keep down prices is pushing biotechnology companies to move beyond national boundaries as they seek to overcome obstacles in oneReuters - 680 words
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333 2005-06-02 14 LATEST US DATA AP [WASHINGTON] Construction spending in the United States rose a healthy 0.5 per cent to a record level in April, as office construction surged and activity in the red-hot housing market hit an all-time high, the government reported yesterday. The CommerceAP - 333 words
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Article, Illustration414 2005-06-02 14 Reuters [TOKYO] Struggling electronics maker Sony Corp will give chief executive Nobuyuki Idei and three other outgoing executives a retirement package worth a total of about US$7 million. Mr Idei is set to lose his job as chairman and CEO as partReuters; REUTERS - 414 words
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271 2005-06-02 14 Reuters [HONG KONG] Asian merger and acquisition (M&A) volume has shot up by 69 per cent so far this year, a record-setting pace, JP Morgan said yesterday. The activity in the financial services sector was particularly strong. In theReuters - 271 words
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Article, Illustration635 2005-06-02 14 ANTHONY ROWLEY - ASIA INSIGHT Statesmanship of a high order is a pressing current need ANTHONY ROWLEY Tokyo Correspondent FRANCE'S No to the proposed new European Union Constitution may provide ammunition to those who argue that if a relatively homogeneous group of countries such as those in the635 words
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305 2005-06-02 14 NYT [NEW YORK] More than half of the biggest US companies with pension plans sailed through the boom of the late 1990s and the bear market that followed without putting any cash into their pension funds using loopholes in federal law,NYT - 305 words
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WORLD WATCH
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99 2005-06-02 14 Reuters [SINGAPORE] PTT pic, Thailand's largest oil and gas firm, is close to merging its Rayong Refinery and Star Petroleum Refinery in a deal valued around US$3 billion, a source said yesterday. The combined entity will prepare to launch an IPO by theReuters - 99 words
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82 2005-06-02 14 [NEW YORK] US private equity group Bain Capital on Tuesday agreed to buy School Specialty, the listed seller of educational products based in Wisconsin, for about US$l.5 billion including debt, the Financial Times reported. The deal marks the second transaction within the past two82 words
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Article59 2005-06-02 14 Bloomberg [PARIS] Euronext, Europe's second-biggest stock exchange, said first-quarter profit rose 7.3 per cent after it adopted new accounting rules, cut some costs and paid less tax. Net income increased to 45.3 million euros (5592.9 million) in its first results under International Financial ReportingBloomberg - 59 words
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129 2005-06-02 14 Reuters [MILAN] Giorgio Armani, who has built his fashion label into a brand that covers anything from flower arrangements to furniture, has signed a deal to open at least 10 hotels and resorts bearing his name. Armani agreed to the joint venture with Dubai'sReuters - 129 words
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67 2005-06-02 14 Reuters [SYDNEY] Telstra Corp Ltd, Australia's largest phone company, may appoint an interim chief executive amid signs it is having trouble negotiating terms with its first choice for the top job, the Sydney Morning Herald said. Outgoing boss Ziggy Switkowski steps down from JulyReuters - 67 words
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WORLD
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626 2005-06-02 15 ARTHUR ANDERSEN TRIAL Frank Quattrone could similarly argue that he had no intention of breaking the law LAT-WP [NEW YORK] The government's hardball tactics in prosecuting white-collar crime may face a new wave of scrutiny after the Supreme Court on Tuesday threw out formerLAT-WP - 626 words
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Article330 2005-06-02 15 LAT-WP [NEW YORK] A number of former Arthur Andersen partners said they felt exonerated when the Supreme Court unanimously overturned the conviction that effectively destroyed the once mammoth accounting firm. But it was a bittersweet victory. "It's a terrible irony," said Rachelle Bernstein, a formerLAT-WP - 330 words
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247 2005-06-02 15 AP [BRUSSELS] Microsoft Cap met its midnight deadlimto submit a compromise onts landmark antitrust case with the European Unici. EU regulators will assess the proposals fo weeks before deciding whether to impose fins, officials said yesterda. "We have submittd the proposalsAP - 247 words
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381 2005-06-02 15 NYT. Reuters [NEW YORK] Citigroup will pay US$2OB million to settle Securities Exchange Commission (SEC) charges that it shortchanged mutual fund investors by denying them certain discounts, instead reaping US$lOO million in profit at the funds' expense over fiveNYT.; Reuters - 381 words
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Article, Illustration284 2005-06-02 15 Reuters [WASHINGTON] George Bush, the president's father, would like to see another Bush in the White House someday, saying on Tuesday that he would want his son Jeb to run for president when the timing is right. Florida GovernorReuters; REUTERS - 284 words
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411 2005-06-02 15 May a winning month for stocks in the US Technology sector saw its best surge since October 2003 Cox [ATLANTA] The Nasdaq composite index broke a four-month losing streak in May with its best monthly advance in close to two years, fuelled by stepped-up demand for computer, software and otherCox - 411 words
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Article, Illustration318 2005-06-02 15 LAT-WP [WASHINGTON] W Mark Felt, a former No 2 man at the FBI, has revealed that he was the legendary source known as Deep Throat, who helped two Washington Post reporters expose details in the Watergate scandal that forced Richard Nixon toLAT-WP; REUTERS - 318 words
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AVIATION
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Article, Illustration588 2005-06-02 16 VEN SREENIVASAN - Airbus' customers say late delivery could impact their operations By VEN SREENIVASAN [SINGAPORE] European planemaker Airbus faces the unwelcome prospect of doling out potentially huge compensation payments to customers for the delays in the delivery of its giant Airbus A3BO aircraft. Leading customers likeAFP - 588 words
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Article, Illustration461 2005-06-02 16 Bloomberg [HONG KONG] Singapore Aircraft Leasing Enterprise (SALE), one of the world's biggest plane lessors by fleet, said the rates for leasing new planes may rise at a slower pace in the next few months because of higher borrowing and fuel costs. TheBloomberg - 461 words
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Article, Illustration481 2005-06-02 16 Latest agreements brighten bankrupt airline's outlook AP [CHICAGO] United Airlines has. vanquished the threat of a strike and all but secured the labour savings the carrier says it needs to help it emerge from a 2 1/2 year bankruptcy. A preliminary agreementAP - 481 words
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Article242 2005-06-02 16 AFP [WELLINGTON] Air New Zealand yesterday cut back its profit forecast for the year to June due to higher fuel costs. The flag carrier said it expected its pre-tax profit before unusual items to be around NZ$22O million (*****.5 million), down from NZ$24O million forecastAFP - 242 words
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Article1840 2005-06-02 16 CITY FUCMT ETA FLIGHT ETC Darwin A***** 18S5 AF8088 2215 Adalalda LH9771 1845 AF8088 2215 I Offi §11 SQ230 1845 BA7382 2215 nji-jat ittK cnm Qfg2 2215 PWO MI5QO la/j MljQO LryUo MM KL837 1450 SQ324 2345 1(357 1025 SQ 06 18S5 AttMW. SO347 0555 SQ1411,840 words
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Article, Illustration74 2005-06-02 16 [SINGAPORE] Dubai-based Emirates, well-known for its generous sponsorship of sporting events worldwide, is supporting the Singapore Derby for the 10th consecutive year. It is sponsoring $150,000 of the $800.000 prize money for this year's event, to be held at the Singapore Turf Club on July 17. Emirates area74 words
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SHIPPING
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Article, Illustration479 2005-06-02 17 DONALD URQUHART - Virtually all main Asian and European operators would meet rebate criteria By DONALD URQUHART [SINGAPORE] Singapore's maritime regulator has released details of its rebate incentive plan to attract more vehicle transhipment business here, with eligibility requirements including minimum vehicle numbers and compound annualFILE PHOTO - 479 words
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Article, Illustration386 2005-06-02 17 DONALD URQUHART - By DONALD URQUHART [SINGAPORE] SembCorp Marine subsidiary PPL Shipyard has secured another rig building contract worth US$l3O million for its specialty jack-up design, as' the Singapore marine company prepares to showcase its capabilities in Norway at next week's NorShipping 2005 conference. The contract to386 words
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263 2005-06-02 17 AL LABITA - By AL LABITA in Manila THE Philippines' largest container port handler beat three other foreign bidders last Thursday to clinch a 20-year deal to operate, manage and modernise Madagascar's main port. The International Container Terminal Services Inc (ICTSI) offered the highest royalty fee for263 words
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440 2005-06-02 17 Sponsor HSBC cites imbalance in supply-demand picture Reuters [HONG KONG] China Cosco Holdings Co Ltd, which plans to raise US$l.7 billion in an upcoming IPO, will see its profits fall 18 per cent to 3.5 billion yuan (Ss7oB million) in 2006 asReuters - 440 words
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271 2005-06-02 17 Reuters 10SL0] Norwegian tanker-shipping group Frontline urged "mega mergers" in the tanker market on Tuesday after reporting a stronger-than-ex-pected 31 per cent rise in net profit. Frontline, the world's biggest independent tanker operator, also forecast strong earnings for the rest of 2005. TheReuters - 271 words
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Article305 2005-06-02 17 SGX '000 June 1 SS W- Vol CH Offshore 0.3S urxti 189 Chuan Hup 0.74 unch 318 Cosco Corporation 1.80 -0.03 7015 CWT Distribution 0.65 0 01 25 Ezra Hkigs 1.22 -0.01 29 Freight Links 0.06 unch 7 Grand Banks Yacht .0.97 unch 369 Jaya Holdings 1.04 0305 words
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Page 17 Advertisements
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Advertisement13 2005-06-02 17 Jf"! C& SHIPYARD PTE LTD 21 Pandan Road. Singapore *****3 ASofcH—>yof 9«mbO<»p Mm«13 words
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Advertisement32 2005-06-02 17 Q TRU-MARINE ia: TQcjuUx* St Tru-Marine Pte Ltd 35 Tuas Basin Link Singapore *****9 Tel: +65 6861 8398 Fax: +65 6861 8396 Email: turbo@trumarine.com.sg Website: www.trumarine.com.sg j Singapore Shanghai Tianjin Guangzhou Dubai32 words
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Advertisement26 2005-06-02 17 The Shipping Socialist. We are organised to provide advice and counsel to clients on all matters of maritime law. BORN IN ASIA EXPORTED TO THE WORLD26 words
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Advertisement42 2005-06-02 17 Total Maritime Solutions Technical Management Crew Management Eurasia Centre for Advance Learning (ECAL) Sea Chef Marine Catering Eurasia welcomes you New Build and Design to ,ts in Singapore Pavilion Port Agency at Norshipping 2005 Eurasia Better People. Better Ships. www.eurasiagroup.com Email: info@eurasiagroup.com42 words
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EDITORIAL & OPINION
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Article465 2005-06-02 18 EDITORIAL RECENT moves in Malaysia and Indonesia to tackle the problem of corruption underscore once again what the new administrations in both countries are trying to do in a process that gained urgency because of the Asian financial crisis. In Kuala Lumpur, the government-appointed royal commission465 words
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Article, Illustration982 2005-06-02 18 DAVID LEONHARDT - Accidents, smoking, obesity rise during good times while physical activity falls, says a study By DAVID LEONHARDT NYT GOOD times seem like they should bring good health. More people have jobs and health insurance when an economy is growing. FewerNYT; FILEPHOTO - 982 words
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Article, Illustration774 2005-06-02 18 ROBERT SAMUELSON - Cheap credit: a blessing once —but a curse soon? THE BOTTOM LINE ROBERT SAMUELSON Washington Post Writers Group CALL it cheap credit's revenge. Americans seem to have arrived at the curious juncture where the low interest rates that rescued the US from the last recession might be the cause ofWashington Post Writers Group - 774 words
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Article, Illustration860 2005-06-02 19 NEIL BEHRMANN - Investment product winning popularity in Japan, China and the rest of the region NEIL BEHRMANN London Correspondent IT'S early days yet, but Exchange Traded Funds are likely to make huge inroads in Asia in the next few years. The number and value of860 words
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Article, Illustration1206 2005-06-02 19 LEON HADAR - LEON HADAR Washington Correspondent THE global media tends to refer to Israel as the "Jewish" state. And indeed many of the symbols that define this Middle Eastern country reflect elements of the Jewish identity and history. The Israeli national anthem celebrates the return of theAFP - 1,206 words
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237 2005-06-02 19 Kenneth Pang Cheow Jow - LETTERS TO THE EDITOR Kenneth Pang Cheow Jow Singapore OCBC Bank recently announced a bonus dividend of $1.25 per share. It also announced at the same time a rights issue of new shares, the payment for which could be fully met by the $1-per-share237 words
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Article103 2005-06-02 19 Lu Kee Hong - Lu Kee Hong Shanghai, via Internet I REFER to the letter "HDB: Vacancy rate irrelevant to rent issue" by Terence Ho of Housing and Development Board (BT, May 31). Mr Ho has broken new ground. He revealed that Singapore's property market is not a103 words
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Article223 2005-06-02 19 Narayana Narayana - Narayana Narayana Singapore I REFER to the explanatory letter "HDB: Vacancy rate irrelevant to rent issue" (BT May 31) from Housing and Development Board's deputy director (rental housing), Mr Terence Ho. It is difficult to correlate "one-room flats" with HDB's policy which "requires singles to pair223 words
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Page 19 Miscellaneous
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Miscellaneous222 2005-06-02 19 CRYPTIC CROSSWORD 14 Aspired to change and got j j when not working DOWN head's menu (6) YESTERDAY'S SOLUTION 2 Circle around which sheep 15 Start university in arrears! (5) Across: 1 Classes, 5 Hairdos, 9 wander (4) 16 Noisy campaign wins hearts (5) clamour, 10 Nattier, 11 Tenet, 12222 words
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Article10161 2005-06-02 20 SGX MAINBOARP 52 Wk Tel last Vol Day Last Quote Grttv Mv GfYM Net MCan High law Code Company Sale W- fBGO) High low Uym Sdhr S Cot HE 12.5 3 5716 1st Software 5t 3 unch 171 3 3 3 3.5 12.1 345 14.5 3148 8TelecomUS2c 1510,161 words
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Article6181 2005-06-02 21 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local curt in St la USt %r y May 31 lnd«» Change ChanQ* Change Changa Chf»qa Ol«nq« World Index Preliminary 8581 07 -0.7 -47 48 -3.5 I EAK Preliminary 796-1 -04 3.0 -07 2.1 08 38 Europe Preliminary 110$. 5 -OA 476,181 words
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Page 22 Advertisements
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Advertisement1276 2005-06-02 22 t NYK GROUP SOUTH ASIA PTE LTD V- vrinr MnrC V TEL 6295 0123 XW JL Aline M 3 Xm LINE Fax: 6292 2856 sates)/6239 7109 (0P5^6299 5785 (Dcxx*nentation) 11 NIPPON YUSEN KAISHA TOKYO CO»AKU KASHA. HO (C/R N0'**********0E) <*#: 137» *****000 MMATOft (I.IJL) M» Ud Main LW *45 6336-27501,276 words
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Advertisement791 2005-06-02 22 IIKTIRASU tOtO WVKI VBsa/voT uargo) hbghtw pkg kch lo Ish jkt STumvaTUK 10/05 is 3.1 n/os 12/05 STKAITS VBfTUtE 11/05 IS 3.2 21/05 24/05 29/ OS 01/06 03/06 STKAITS VBmiKE 12/05 IS 3.2 05/06 06/06 [AUSTRALIAN RORO SWVKt 1 vßsa/vor imxnnl hbghtcu| to sw jkt m syd ma m rot791 words
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Page 23 Advertisements
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Advertisement909 2005-06-02 23 ww..h„mbu HAMBURC^jgUD AUSE StRVKE (IXPOKT) HA Jtt SINGAPORE MMAHI SYDNEY MIUOUtM AMIAIPi SMGAPOtE WtSIAMt SYPHEY «UOU»tt APBAIOt UP AGUILAR IMS 03/0* 13/06 IS/Ot 11/ M 21/06 CAfA6WAIIOSS 01/07 11/07 IVD7 l*/07 H/D7 CSCL XIAMEN 0077S 10/06 20/ M 22/06 15/ M M/M CSCHIMIBIOtm 01/07 H/07 20/07 7V07 M/ 07 SCOTIA909 words
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Advertisement1185 2005-06-02 23 VESSa VOY AN PKG GOLDEN GATE |sOBN I 7/6 I 8/6 10/6 NEW DYNAMIC 088 A ~17l 11/6 I GOLDEN TRADE ISOBN I 14/6 I 15/6 I 17/6 I -1 I BRIDGE 082 A 16/6 18/6 IKUO LUNG mm I 71/6 I 22/6 I 24/6 1 I I NEW DYNAMIC1,185 words
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Advertisement821 2005-06-02 23 ii a-J/m WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICQ POINTS Vtsstl VOY SIN PJOANG COLOMBO N.SHEVA COLOMBO RAJIV GANDHI 0093W 30 MAY 31MAY 03JUN 06 JUW 09 JON KAY BRIDGE 009W 061 UN 07 JUN 10IUN 13 JUN It JUN PAflflC QUEST OOQ7W 13 JUW821 words
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THE BUSINESS TIMES SHIPPING TIMES
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7379 2005-06-02 24 EM ETA A4»arthar Vassal Voyaga Telephone ETA ETA A#¥«ftJl«c Venal Voyage Tttaphaaa SM Daafa Nan Mm Mnbcr Maahar SIN Dast'n Nam* Kama Number Nuabar I I 26/06 18/07 Wan Ha K0TA Pf RKASA YPK016 *****588 16 ABIDJAN (ABJ) 2003 Cote Dlvoire To Samoa 11/067,379 words
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Advertisement754 2005-06-02 24 Ujijlf WALLENIUS WILHELMSEN website: http://www.2wglobal.com LK MAO HOU* MIA SAY Ml Otf NTC NEW MOO TAMERLANE AFSIS 3201 ms 6.4 M I 11/06 02/07 11/07 15/07 11/07 H/07 TAMO Afsl6 4201 MS IMM I 11/04 20/07 24/07 21/07 26/07 30/07 TARONGA AfslB 320fcw 6.25« 20/07 12/08 21/01 25/00 2S/00 27/00754 words
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Advertisement1093 2005-06-02 24 VKSa VOT SM ECU VBSE VOY SIM JET PACIAMDA IWH 04/06 05/06 fttMll 4144 ~OS/06 ~***** PACIANDA 14SSN 05/06 06/06 PACWWI 9302 07/06 09/04 PHB TT TTI .Ji 11,. M%mJk I'll, i .'fll CSf 2301 0130P 07/06 01/06 WCIAU 4170 12/04 14/04 paciaiio* py/06 07/06 jitMifiA imzm nm 9f/o» ifaMaiii1,093 words
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Advertisement467 2005-06-02 24 i BSA i MYANMA FIVE STAR LINE (Myaaaor National Liae) Loadißg far Yangon VESSEL vor SIN Mtt PIN PGU PAGAN J46W SIB HPA-AN 337W SU IN MALATSIA: lOUSTEAD SHIPPING AGENCIES KIR/PKU 03-300 SOU PEN: 04-*****15 ACCEPTIW6 CONVENTIONAL CSO VESSH vor NRG SM PGU PU KUC iA CAR AND A ACE467 words
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Page 26 Advertisements
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Advertisement3910 2005-06-02 26 To advertise call toll-free 1800 289 8822 Email: notices@sph.com.sg FLEXTECH HOLDINGS LIMITED (Company Registration No. *****6761 C) (Incorporated in the Republic of Singapore with limited liability) NOTICE OF EARLY REDEMPTION IN FULL OF ALL OUTSTANDING LOAN STOCK To: Holders of Flextech Holdings Limlted's Loan Stock Due 2007 THIS IS AN3,910 words
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Advertisement335 2005-06-02 26 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 MAGUIRE ASIA PTE. LTD. (Company Registration No: *****2602G) MEMBERS' VOLUNTARY LIQUIDATION At an Extraordinary General Meeting of the Company convened and held at 101 Thomson Road #24-01/05, United Square, Singapore *****1 on 25 May 2005, the following resolutions were duly passed:335 words
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Advertisement1332 2005-06-02 26 IN THE MATTER OF THE COMPANIES ACT. CAP 50 AND IN THE MATTER OF INTEGRATED HARDWARE MACHINERY PTE LTD (Co Registration No. *****1875K) (Incorporated in Singapore) (In Member,' Voluntary Liquidation) At an Extraordinary General Meeting of" Integrated Hardware Machinery Pic Ltd. duly held at 2 Bukit Batok Street 24 <*04-10.1,332 words
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SINGAPORE ARTS FESTIVAL
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Article, Illustration558 2005-06-02 27 FRANK DEMEGLIO - Audience can again look forward to sacred and Baltic pieces, says FRANK DEMEGLIO FRANK DEMEGLIO THE State Choir of Latvia, Latvija, returns to the Singapore stage to make history in the World Premiere of Singapore Dance Theatre's Stravinsky Dances, besides giving an acapella558 words
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Article, Illustration489 2005-06-02 27 MINDY TAN - By MINDY TAN ASIAN Arts Mart (AAM) was meant to introduce contemporary Asian art to the world, and to dispel myths such as Asian art is all about Peking Opera. The Esplanade pioneered the first mart in 2001, and today, it's an established489 words
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Page 27 Advertisements
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Advertisement185 2005-06-02 27 i |Hl iBEBUBnaI 1 frr, —Uf 1 I SPRP9jS&|| 'jMmm^^ i um—■ l^flflptK *—a—r~ gr it"* You'll get more out of reading The Business Times at home on Saturdays gMMMHMHijinB| A Dining Voucher* worth $50 is yours and subscribe to the best business when you subscribe to The Business read185 words
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BizIT
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Article, Illustration407 2005-06-02 28 ROLAND LIM - The Holtsville, New York-based company wants the Asia-Pacific region to grow at more than 50% for the next couple of years, CEO William Nuti tells ROLAND LIM ROLAND LIM SYMBOL Technologies Inc, which provides mobility solutions for companies, is betting big on407 words
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439 2005-06-02 28 RAJU CHELLAM - By RAJU CHELLAM LARGE companies and government bodies worldwide will spend more than US$6.l billion on RFID (radio frequency identification) hardware, software and services up threefold over today's level by 2010, according to market analyst Datamonitor Inc. Of that amount, the bulk439 words
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323 2005-06-02 28 Bloomberg [SAN FRANCISCO] Nortel Networks, the largest North American phone-equip-ment maker, had a first quarter loss of US$49 million on rising costs related to a results restatement and the elimination of jobs. The loss was one US cent a share inBloomberg - 323 words
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Article179 2005-06-02 28 AMIT ROY CHOUDHURY - By AMIT ROY CHOUDHURY CALIFORNIA-BASED Dittthium Networks, which provides wireless multimedia solutions, said Singapore-based lIPL (Infocomm Investments Pte Ltd), a wholly-owned subsidiary of the IDA flnfocomm Development Authority of Singapore), has taken an equity stake in Dilithium. "lIPL's investment is part of an US$lB179 words
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Article168 2005-06-02 28 ROLAND LIM - By ROLAND LIM MOBILE network operators will need to embrace a new standard, called IMS (Internet Protocol Multimedia Subsystem) if they seek to deliver comprehensive multimedia services such as video sharing over 3G and future generation mobile networks. So says Swedish telecoms giant Ericsson AB.168 words
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435 2005-06-02 28 Bernama [LOS ANGELES] Laptop PCs are convenient, but can also become an ergonomic nightmare by causing neck pain and other injuries, said Xinhua news, quoting a report by the CNET News. Laptops were never designed as a replacement for desktops, the report quotedBernama - 435 words
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Article, Illustration352 2005-06-02 28 Bloomberg [SHANGHAI] Shares of Lenovo Corp, China's biggest PC maker, fell for the first day in four after e-mails sent by a Dell employee suggested that buying Lenovo's PCs was a tacit endorsement of the Chinese government. Lenovo shares fell as muchBloomberg; REUTERS - 352 words
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276 2005-06-02 28 ROLAND LIM - By ROLAND LIM ISRAEL-BASED AlVarion Inc. which specialises in wireless broadband infrastructure solutions, is betting that Singapore will roll out its wireless broadband access (WBA) services next year. "We have very great hopes for Singapore in 2006," Patrick Duncan, Asia-Pacific managing director276 words
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PROPERTY
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319 2005-06-02 29 ALEXANDRA HO - By ALEXANDRA HO HOTEL owners in Asia-Pa-cific still have the upper hand when negotiating key commercial terms of hotel management agreements with operators. According to a report by Jones Lang LaSalle Hotels, Baker McKenzie and CMS Cameron McKenna, the shift of power319 words
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291 2005-06-02 29 ALEXANDRA HO - By ALEXANDRA HO RIDING on the recent increase in activity in the office leasing market driven by the financial services sector, property consultancy CB Richard Ellis has been sewing up deals in the prime Central Business District location. It negotiated the291 words
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Article, Illustration830 2005-06-02 29 Record NY residential sale comes amid worries of bubble NYT [NEW YORK] A consortium of Hong Kong investors and Donald J. Trump are selling a stretch of riverfront land and three buildings on the Upper West Side for about US$l.B billion in the largestNYT; BLOOMBERG - 830 words
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Page 29 Advertisements
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Advertisement91 2005-06-02 29 Own an exquisite villa with stunning views of the sea, fairways and city skyline, A hillside resort living like no other. a „,^R I WR gM i r^:slB tAXMitiihLMIMk -aJM %2BBH MMJjiw^-itatgwiwn A» Exclusive Auction Sale of 6 Prime Hillside Bungalow Land Parcels •15 June 200S Venue: Sentosa Cove Sales91 words
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Advertisement55 2005-06-02 29 BUSINESS SPACE FOR LEASE AT NHL COIFBRJITE BUILDING 50 Kallang Avenue 4 30,000 sq ft fully fitted business space on one floor 4 4,400 sq ft also available 4 Close proximity to CBD 4 8 mins. walk to Kallang MRT 4 Ample parking space 4 Garden Landscape Notl Gifts International55 words
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PROPERTY WATCH
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Article, Illustration569 2005-06-02 30 ARTHUR SIM - ARTHUR SIM finds out how one family restored and built around a conservation bungalow to create spaces both shared and personal for a three-generation household ARTHUR SIM THE next time your whole family gets together for dinner, you might want to discuss the possibility of living together569 words
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288 2005-06-02 30 ARTHUR SIM - By ARTHUR SIM THERE are certain considerations when designing for multi-generational households, especially if these include the very young or the very old. A small step down to the bathroom is easy to negotiate if you have all your faculties but for those in288 words
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1352 2005-06-02 30 Brought to you by HSBC M PROJECT NAME/ PROP CONTRACT TENURE BUIIJ-IWIAND PRICE PSF STRET NAME TYPE DATE AREA*(SQ FT) (St'OOO) (Si) Districts N0N4ANDED Blue Horizon Apt 13/05/2005 99 1152 630 547 Bue Horizon Apt 29******5 99 1152 646 561 Blue1,352 words
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Page 30 Advertisements
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Advertisement114 2005-06-02 30 I p Got the right home? Now get the right home loan. lEte ""wBBBSBh jsEfffl m Buying a house in Singapore is a heavy investment However, you can stil have the freedom to live life the way you want, with HSBC home loans. Enjoy these benefits when you take up114 words
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Advertisement31 2005-06-02 30 HSBC<X^ The world's local bank This is a fortnightly series brought to you by HSBC. For a free property valuation or a quick assessment of your loan requirement, please visit www.hsbc.com.sg31 words
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