The Business Times, 9 June 2005

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Total Pages: 32
1 32 The Business Times

  • TOP STORIES
    • 727 2 It says it does not have a list of over 400 nonmarginable stocks Bloomberg, Bernama [KUALA LUMPUR] Hong Leong Bank Bhd, Malaysia's sixth largest lender, has denied media reports that it planned to make more than 400 Malaysian stocks ineligible for margin financing
      Bloomberg,; Bernama  -  727 words
    • 134 2 Dsn 2,***** (-8.55) ST INDEX FUTURES 2,205.00 (+12.00) SIMSCI 259.72 (-0.75) SIMSO FUTURES 261.00 (+1.40) MARKETS Wednesday Chang* KISECOMP 87»44 +2.52 NIKKEI 225 11.281.03 +63.58 HANG SENG 13J98.55 +61.26 SET INDEX 6M.07 +1.92 JAKARTA COMP +2.70 MANILA COMP 1.953.28 -49,74 SEOUL COMP 976J2 +534 SHENZHEN B 232.39 +15.80
      134 words
    • 547 2 Those 5-year STI highs are just for a mighty few THE Straits Times Index rose to its umpteenth five-year high when it advanced 5.26 points to 2,206.24 on Tuesday. But this seemingly stellar performance isn't reflected in the broad market. Out 0f655 stocks, only 139 or 21 per
      547 words
    • 531 3  -  Index surge due mainly to gains by Jardine group, Keppel and F&N By R SIVANITHY [SINGAPORE] The Straits Times Index rose to its umpteenth five-year high when it advanced 5.26 points to 2,206.24 on Tuesday. But this seemingly stellar performance
      Source: Bloomberg  -  531 words
    • 457 3  -  By ROLAND LIM [SINGAPORE] Regional infotech services provider NCS yesterday announced the appointment of a new chairman and a new chief executive officer. Current chief executive Lee Kwok Cheong will become chairman and current chief operating officer Chong Yoke Sin will take over
      457 words
  • Page 2 Advertisements
    • 75 2 I' 'is H§i §3§jj§3Jsj|j With renovations now complete The Oriental is fast becoming a second home for the business elite. From breakfast meetings to annual dinners, cocktails or conferences, discretion and refinement are the order of the day in Melt The World Cafe, Dolce Vita, Cherry Garden, and Axis Bar
      75 words

  • Page 3 Advertisements
    • 30 3 BT ONLINE Access to BT Online is free after 6pm each day. But print subscribers can access our online news anytime. Call 6388-3838 to subscribe and activate your online account
      30 words
    • 92 3 a THE HOURGLASS TF M PUS SHOWCASE 'A. \V <* |^<p^ .O 1 1 1 /'V 2 V'o > ,20 10 9 s 3"* -9 3- >' '"n.^ THE HOURGLASS MM.\l'( HI V I M I II \l I \\l> II! <..'U .>».'<• i i I 1 i. i r
      92 words

  • FOCUS: CAO DEBACLE
    • 716 4  -  It has become the subject of criminal proceedings in Singapore By MICHELLE QUAH [SINGAPORE] A controversial share placement involving China Aviation Oil has now become the subject of criminal proceedings in Singapore. CAO's parent, China Aviation Oil Holding Company (CAOHC), placed out 15
      716 words
    • Article, Illustration
      927 4 BT, Bloomberg May 1993: China Aviation Oil (Singapore) Corp is incorporated in Singapore. Dec 2001: The company lists on the SGX, selling $80.6 million of shares. August 2002: CAO wins "Most Transparent" award in New Issues category from the Securities Investors Association (Singapore). Second half, 2003: CAO
      BT,; Bloomberg  -  927 words
    • 639 4  -  By WONG WEI KONG [SINGAPORE] China Aviation Oil (CAO) will remain listed after its restructuring, the company told creditors before they voted in support of its revised debt restructuring plan at a meeting yesterday. The question of CAO's status as a listed
      PHOTOS BY LIM WUI LIANG/ST  -  639 words

  • COMPANY NEWS
    • 440 5  -  But bid not certain as Vantage's cash falls more than pre-condition limit By ALEXANDRA HO SC Global Developments' shareholders yesterday unanimously approved its proposed takeover of Vantage Corporation but it remains to be seen if the Simon Cheong-controlled property company will
      FILE PHOTO  -  440 words
    • 377 5  -  By CAROLYN QUEK SEMBCORP Utilities Pte Ltd has invested in an integrated waste-water treatment facility in ZhangJiaGang free trade zone in Jiangsu province its third significant investment in major Chinese chemical hubs. The project is also the second integrated wastewater treatment facility in China
      377 words
    • 398 5  -  By JOSEPHINE TAY BOUSTEAD Singapore's 40 per cent-owned Salcon Power Corporation (SPC) is planning the construction of a 200 MW coal-fired plant next to its existing 203.8 MW power plant on Cebu Island, in the Philippines. The project by Philip-pine-listed SPC comes a day
      398 words
  • Page 5 Advertisements
    • 1327 5 Sudden Impact* The Effect of the New FRS on Technology Companies If you think changes in the Singapore Share-based payments Revenue recognition This requires a demonstration of adequate Financial Reporting Standards (FRS) Technology companies, in particular, have FRS 18, Revenue, sets out the basis of ac- project management, costing and
      1,327 words
    • 22 5 I Booster Capital Guaranteed Fund SGO RID 19/05/05 9,62 SGD I Double Joy Capital Guaranteed Fundi I USD RID 23/05/05 10.00 USD
      22 words

  • SINGAPORE MARKETS
    • 502 6  -  STOCKS Brokerage reports spark interest in penny stocks while ST Index falters R SIVANITHY Senior Correspondent SMALL caps enjoyed a third and possibly a fourth consecutive day in the sun yesterday, taking over the reins of market leadership as blue chips faltered in line
      Source: Bloomberg  -  502 words
    • 78 6 RICH Life Holdings, majority shareholder of PSC Corporation, strengthened its hold on the company by buying 14.41 million more PSC shares on Tuesday. It made the purchase in a series of transactions in the open market. Rich Life's direct stake in PSC a
      78 words
    • 142 6  -  Compiled by NANDE KHIN JAMES Koh Wee Meng, executive chairman, chief executive and founder of the Fragrance Group, is continuing to buy more shares in the company. He has over the past two days raised his direct stake from 68.86 per cent to 68.92
      142 words
    • 726 6 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS (Disclosures made on Jun 8 and earlier) Subsantial No of Price SHAREHOLDING Shareholder Byy/ Shares Per Before After Stock Trans Date Pirector Sell '000 Shr ('000) COOP) Magnecomp 8-Jun-05 JP Morgan Chase Co. *Buy 567 na ***** 7.80 ***** 8.04 PSCCorD 8-Jun-05 Rich Life
      726 words
    • Article, Illustration
      860 6  -  Compiled by R SIVANITHY Star Hub June 8 dose: $1.65 GOLDMAN SACHS. June 8 WE are upgrading StarHub to an "outperform" rating from "in-line" and have increased our DCF-driven (discounted cash flow) price target to $1.90 from $1.60. StarHub has performed well, but we see more upside from
      Source: Bloomberg  -  860 words
    • 523 6  -  CURRENCIES LARRY WEE Senior Correspondent THE US dollar finished the Asian session on a mixed note yesterday, advancing against most of its Asian counterparts but slipping back versus the euro and Sterling pound. Players ex- plained that ahead of Federal Reserve chairman Alan Greenspan's
      Source: Reuters  -  523 words

  • Page 7 Advertisements
    • 1492 7 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 Hief*
      1,492 words

  • Page 8 Advertisements
    • 151 8 jtl.W Travel iiu'iuoiisiy Ami smart With UOB Visa Platinum, yoti get preferential tales. complimentaiy insurance and nioie ap W*m i '%^-> v fc 1 i Kftk' '$}jfc,* V*' .-;-:t ■IMSN%T,^' jgp Hr <r A IPK vA I DON'T TAKE MYSELF TOO SERIOUSLY. BUT OTHER PEOPLE DO. nR jjgMGa sjp wof!(!';>
      151 words

  • COMPANY NEWS
    • 387 9  -  Public survey finds financial strength rated top factor in Singapore By JOSEPHINE TAY A PUBLIC poU of 1,500 Singaporeans found financial strength to be the top factor determining corporate reputation in Singapore. In the Corporate Reputation Index spawned from this year's Corporate Reputation Survey
      387 words
    • 297 9  -  By AMIT ROY CHOUDHURY MAINBOARD-LISTED DMX Technologies which provides solutions and services to connect computers, cable TV and mobile phones has secured a $5.4 million contract from one of Malaysia's largest telcos. DMX will provide its digital infrastructure solution to support non-stop operations for
      FILE PHOTO  -  297 words
    • 753 10 There is a shortage of good talent and markets are underdeveloped Reuters FINDING the right Asiabased hedge fund managers has proven tough for Singapore's state investment agency Temasek Holdings. Temasek's asset management arm, Fullerton Fund Management, met 161 hedge fund managers
      Reuters; FILE PHOTO  -  753 words
    • COMPANY BRIEFS
      • 182 10 OCBC Bank and Great Eastern Holdings (GEH) have agreed to merge their respective asset management subsidiaries. The units are OCBC Asset Management (OCBCAM) with $6.6 billion under management and Straits Lion Asset Management (SLAM) with $24.4 billion. OCBCAM will be sold for about
        182 words
      • 98 10 SINGAPORE Exchange (SGX) has awarded the lease of its Global Electronics Trading Centre (GETC) to Refco Singapore. Under the agreement, Refco Singapore will assume the existing operations of GETC from Aug 1, through Refco Trading Services, its division which operates trading arcades. This
        98 words
      • 97 10 FM Holdings, a giftware manufacturer, has secured a contract worth more than US$2 million to make giftware and souvenirs for World Cup 2006 which will be held in Germany. "In terms of contract value, this US$2 million order represents the single largest
        97 words
      • 100 10 MANDARIN Oriental International's wholly owned subsidiary, Mandarin Oriental Holdings (USA), has completed the sale of its 40 per cent stake in Kahala Mandarin Oriental hotel in Hawaii to Kahala Royal Corporation (KRC). KRC now has a 100 per cent stake. On
        100 words
      • 75 10 JAYA Holdings' wholly owned subsidiary, Jaya Shipbuilding and Engineering, has secured two shipbuilding contracts worth more than US$58 million. The contracts are signed with Seatankers Management Co, which is incorporated in Cyprus. Each contract is for the building of an Anchor Handling Tow Supply
        75 words
      • 38 10 SINGAPORE Press Holdings' wholly owned Hipro Printing Pte Ltd, whose main activity is the publishing of the Tamil language newspaper, Tamil Murasu, has been renamed Tamil Murasu Pte Ltd.
        38 words
    • 4920 10 UNIT TRUSTS FUNDS Citi Global Healthcare Fund 0.96/ Citi Gb Fm Srvcs Fund 1.05/ Citi US Aggressive Growth Fund 0.82/ A"™ *"5 15 P 0 1 5 B Sel Gib Bus Idrs Ptfl 03ISGD) 1.1178/ 0* S B Sel Gib Bus Ldrs Ptfl 03(US01 —1.183/ Star Europe Bond U4& cmbond
      4,920 words
  • Page 9 Advertisements
    • 25 9 DARE TO LIVE wmn UOB VISA PLATINUHIJ mi is 111 l UNITED OVERSEAS BANK United for Growth United Overseas Bank Limited Company Reg No. *****0026Z
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    • 138 9 INVESTMENT OPPORTUNITY I H As a key component of its policy of reforms and modernization of the H banking sector, the Government of Bangladesh has decided to H privatize the state-owned Rupali Bank Ltd by divesting about 68% of H its shares to an interested and eligible investor on international
      138 words


  • SINGAPORE NEWS
    • 447 11  -  9 out of 10 who interacted with govt agencies did so online: IDA poll By AMIT ROY CHOUDHURY A RECORD number of Singaporeans are using computers to interact with government agencies, a survey by the Ministry of Finance (MOF) and the Infocomm Development Authority
      Source: IDA/MCF  -  447 words
    • 251 11 COE premiums for small cars rose in yesterday's tender for certificates of entitlement, while those for big cars slipped on what some people say could be due to concerns about the economy. Category A for cars below 1,600 cc reversed the downward trend after
      251 words
    • NEWS ROUNDUP
      • 43 11 SENIOR Minister Goh Chok Tong will be in Bangkok today to deliver a keynote address at Asia Society's 15th Asian Corporate Conference. He will speak on "Southeast Asia Rising: A Region Booming Among Asia's Economic Giants".
        43 words
      • 45 11 MINISTER for Education Tharman Shanmugaratnam will be visiting Tokyo from today to next Thursday to study Japan's education policy reforms. He will call on Japanese Minister for Education, Culture, Sports, Science and Technology, Nariaki Nakayama, and visit several Japanese schools and universities.
        45 words
      • 38 11 Charity showPCKthe Musical THE PAP Community Foundation (PCF) will be holding a charity show, "PCK the Musical", on Saturday at the Singapore Indoor Stadium to raise funds for the PCF Headstart Fund and the PCF Education Endowment Fund.
        38 words
    • 327 11  -  By CHLOE CHOY ALONG with the renaming of the Singapore Cable Car Pte Ltd, Mount Faber looks set to sparkle with a new $8 million project to revamp its cable car station as well as introduce new tourism activities. Despite
      327 words
    • 493 11  -  Date moved to Aug 22-26 after SPH's lawyer falls ill By KENNETH LIM FORMER Tiger Airways chief executive Patrick Gan's libel suit against Singapore Press Holdings (SPH) and Business Times reporter Ven Sreenivasan has been postponed. The trial will now be heard from Aug 22
      493 words
    • 487 11  -  Not all booms threaten financial stability: ECB head By SIOW LI SEN MINISTER Mentor Lee Kuan Yew last night made a surprise appearance at a lecture where Jean-Claude Trichet, president of the European Central Bank (ECB), spoke about the dangers of asset price booms.
      487 words
    • 319 11  -  By USA TAN, QUAK REN FANG FILM stars including Goldie Hawn, Kurt Russell and Jamie Lee Curtis have been filmed with disadvantaged children in developing countries, in an effort to raise over $150 million for about 200 charity projects in the biennial global
      319 words
  • Page 11 Advertisements
    • 204 11 Jp jr"' .5V A mJ, -1 j- mi W. I S; :"A <•> V jM f 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 erf corporate and financial
      204 words

  • FOCUS: INDUSTRIES
    • Article, Illustration
      960 12  -  Unknown to many, Singapore is actually home to many of the world's top chocolate manufacturers. LIZA LIN follows the cocoa trail to find out more LIZA LIN MUCH has been said about Singapore as a hub for education, biomedical science, and financial services. But the tiny country hides
      BLOOMBERG  -  960 words
  • Page 12 Advertisements
    • 1538 12 Notices A Multi-Con Systems Limited (Incorporated in the Republic of Singapore) Registration No. *****7432K NOTICE IS HEREBY GIVEN that the Fourth Annual General Meeting of Multi-Con Systems Limited (the "Company") will be held at Copthome Orchid Hotel, 214 Duneam Road, Singapore *****6 on 24 June 2005 at 10.00 a.m to
      1,538 words
    • 112 12 Our qualified professionals can assist you with offshore structures, shelf companies and incorporations in ALL 10^ jurisdictions including: O- British Virgin Islands Cayman Islands Bahamas Mauritius Hongkong Samoa Full nominee, management, secretarial, banking and corporate administration services are available. We also specialize in offshore trusts for assets protection estate planning.
      112 words

  • Page 13 Advertisements
    • 198 13 Hi i O UOL SCALES NEW HEIGHTS IN ARCHITECTURE AND DESIGN. Asia's only winner of the FIABCI Prix d'Excellence Award 2005 1 Moulmein Rise. r I United Overseas Land Ltd (UOL) shines aga n at the forefront ot residential property development. An industry !eade" Known for *i consistently raising the
      198 words

  • ECONOMY WATCH
    • 691 14 But the decline in Europe's economic expansion is seen as temporary Bloomberg [PARIS] The European Central Bank should cut interest rates if the slowdown in the dozen-nation euro region persists, the International Monetary Fund said. The decline in the
      Bloomberg  -  691 words
    • 700 14 Reuters [BEIJING/LUXEMBOURG] European Central Bank president Jean-Claude Trichet sought to dispel expectations of an imminent cut in interest rates on Tuesday, while a senior monetary source made clear the ECB is on hold, waiting to see how recovery unfolds before setting a
      Reuters; BLOOMBERG  -  700 words
    • 365 14 LATEST US DATA Reuters, Bloomberg [WASHINGTON] Inventories at US wholesalers rose 0.8 per cent in April, double Wall Street expectations, led by machinery and other business equipment, the Commerce Department reported yesterday. Sales increased by the most in more than a year. The department also
      Reuters,; Bloomberg  -  365 words
    • 426 14 Reuters [NEW YORK] US Treasury debt prices climbed on Tuesday after comments from Fed Chairman Alan Greenspan overnight appeared to leave open the chance of a pause in interest rate hikes. Interestingly, dealers focused more keenly on what Mr Greenspan did not say than
      Reuters  -  426 words
    • 452 14 Bloomberg [BANGKOK] Thailand's central bank will probably raise its key interest rate to the highest level in 41 months to curb inflation and stem the baht's fall. The Bank of Thailand is likely to lift its 14-day bond
      Bloomberg  -  452 words
  • Page 14 Advertisements
    • 743 14 Motives IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF TRANSNASIONAI (SINGAPORE) PTE LTD RCB NO: *****4477Z (IN CREDITORS' VOLUNTARY LIQUIDATION) NOTICE OF MEETING OF CREDITORS NOTICE IS HEREBY GIVEN that pursuant to Section 296( 1) of the Companies Act, Cap. 50, a meeting of
      743 words

  • MALAYSIA/INDONESIA
    • 458 15 Below-cost vehicle imports curb effectiveness of Proton: Mahathir Reuters, AP [KUALA LUMPUR] Pressure is building for Malaysia to reform a murky corner of its automobile industry, a system of importing cars that critics regard as fertile ground for corporate cronyism. Former prime
      Reuters,; AP  -  458 words
    • 143 15 Reuters [SINGAPORE] The Financial Action Task Force (FATF), the global authority combating money laundering and terrorist financing, will hold talks this week aimed at controlling remittances and cash smuggling in Asian nations such as Indonesia and the Philippines. The FATF
      Reuters  -  143 words
    • 313 15 Bloomberg [KUALA LUMPURI Shares of Commerce Asset-Hold-ing Bhd, Malaysia's No 2 lender, rose as much as 5.2 per cent on a plan to merge its commercial and investment banking units, creating a bank with RM9B billion (5542.8 billion) of assets. Under
      Bloomberg; Source: Bloomberg  -  313 words
    • 278 15 Bank Mandiri to review new corporate lending as NPLs soar to 31 [JAKARTA] Indonesia's largest bank, state-owned Bank Mandiri, has announced a review of all new corporate lending after revealing that its level of corporate non-performing loans (NPLs) has reached 31. per cent, the Financial Times reported. The new disclosures
      278 words
  • Page 15 Advertisements
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      270 words

  • GREATER CHINA/INDIA
    • 456 16 It sold 3.063b shares at HK$7.50 each, say bankers Bloomberg [HONG KONG] China Shenhua Energy Co, the nation's biggest coal producer, sold U552.95 billion of stock in the world's largest initial public offering this year, at the low end of the
      Bloomberg  -  456 words
    • 261 16 AFP [MUMBAI] India's Reliance Energy announced plans yesterday to spend US$ll billion to build the world's biggest coal-based power plant that would generate 12,000 megawatts of electricity. Reliance is a unit of telecoms-to-en-ergy conglomerate Reliance Industries, India's largest private sector company. Reliance
      AFP  -  261 words
    • 476 16 PetroChina will get access to parent's non-Sudan assets Reuters [SINGAPORE/HONG KONG] PetroChina is buying overseas oil and gas fields from its state-owned parent China National Petroleum Corp (CNPC) through a multi-bil-lion dollar joint venture to boost sagging output, a source close to the
      Reuters  -  476 words
    • 400 16 Reuters [MUMßAl] SAP AG, the world's biggest maker of business software, is upbeat about India both as a market and a development base and plans to more than double headcount to 4,000 people by 2006, a top official said on
      Reuters; AT  -  400 words
    • 505 16 Investor confidence driven by govt moves to support share prices Bloomberg AFP [SHANGHAI] China's stocks had their biggest gains in three years as investors bet government plans to support share prices will lift Shanghai's benchmark index from an eight-year low. It
      Bloomberg; AFP; REUTERS; Source: Bloomberg  -  505 words
    • 441 16 Reuters [HONG KONG] China s Lenovo Group Ltd, the world's third-largest PC maker, reported a 12 per cent drop in quarterly profit yesterday, below expectations, and said it would look to its newly-acquired IBM PC unit to jumpstart growth. Lenovo, which
      Reuters  -  441 words

  • ASIA-PACIFIC/WORLD
    • 935 17  -  ASIA INSIGHT It is a country's cultural and institutional traditions that shape the optimum financial system, rather than innately 'superior' models ANTHONY ROWLEY Tokyo Correspondent ONE of the more remarkable facts about China's economy is that, according to offi-r cial statistics, more than 90
      935 words
    • 750 17 Suit details phone talk between AIG, General Re execs Bloomberg [WASHINGTON] Executives at Berkshire Hathaway's General Re unit knew four years ago that American International Group (AIG) would use a reinsurance transaction to "cook the books", according to phone transcripts cited in
      Bloomberg; BLOOMBERG  -  750 words
    • 196 17 Bloomberg [WASHINGTON] Prudential Financial Inc, the second largest US life insurer, received a subpoena from Connecticut attorney-general Richard Blumenthal seeking information on a type of reinsurance that may be abused to mask losses. Prudential has been conducting its own review of reinsurance arrangements and will
      Bloomberg  -  196 words
    • 453 17 AFP [LONDON] English champions Chelsea, bankrolled by Russian billionaire Roman Abramovich, are estimated to pay their players more than any other club in the world. The club's wage bill of £115 million (Ss3so million) in 2003/04 is almost certainly the highest in world football,
      AFP; REUTERS  -  453 words
    • 370 17 It hires second adviser ahead of govt stake sale Reuters [MELBOURNE] Australia's Telstra Corp has appointed a second corporate adviser to look at a split of its wholesale and retail arms as the government readies a As 33 billion (5542.2 billion) sale of its
      Reuters  -  370 words

  • SINGAPORE ARTS FESTIVAL
    • 347 18  -  By NGIAM YING LAN OLA Kala (Greek for All's Well), the third creation of French trapeze troupe Les Arts Sauts, is many things. It is a sensory delight— evocative live music combined with swirling visual projections as 16 lithe bodies interweave themselves around a crosswise
      347 words
    • 607 18  -  Bang on a Can presents a radically different repertoire, reports GEOFFREY EU GEOFFREY EU A CONTEMPORARY music group with a name like Bang on a Can might easily be misconstrued as being merely unpretentious, or loud and energetic at the same time but
      607 words
    • 2408 18 VOl General Corp .0.39 0.02 135 Jual KM fOOO) Genting 18.70 -0.10 181 George Kent .0.69 0.03 42 A 4 M Realty 158 028 38 GHL Systems .0.23 0.01 454 Abrk 0M 0.03 861 Globetronia Tech *.41 0.01 969 ACP Industries 0.71 0.01 235 GlomacBhd 1.43
      2,408 words
  • Page 18 Advertisements
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      112 words

  • AVIATION
    • 615 19 Cost savings to improve profit margins, but excess capacity, fuel prices still a headache AFP [PARIS] After three lean yeqrs, international air travel faces a brighter future as ticket sales take off and costs drop, but the future is overshadowed
      AFP; AP  -  615 words
    • 532 19 Reuters [BRUSSELS] The European Commission gave lossmaking Alitalia the go-ahead for a critical restructuring plan on Tuesday but warned Rome that it must act like a private investor in the airline's recapitalisation. The European Union executive scrutinised the Alitalia plan which foresees job losses,
      Reuters  -  532 words
    • 1919 19 HKHT ETA HKWT IIP SQ143 J 535 SQ146 ,640 -rr-r-rr- IMS AfgOM 2215 SQ147 2235 Sqi«8 1900 Ad<Uld SQ230 §45 BA7382 22 5 Phaki SQ435 05S0 SQ436 2030 QF82 2215 Dohj QR638 J205 QR639 0745 SQ442 2020 DibS NZ4355 0735 EK405 0210 isysi ill Si ass
      1,919 words
    • LOG BOOK
      • 121 19 AP [KUALA LUMPUR] Malaysia's main airport will have its own radio station, airing travel information for tourists, airline flight schedules and music, an official said yesterday. The Fly.Fm station will start broadcasting in Malay and English on July 1, the seventh
        AP  -  121 words
      • 95 19 Bloomberg [OTTAWA] India and Canada have agreed to increase the number of passenger flights between the countries five-fold and allow unlimited air cargo. The agreement lets Canadian carriers operate a total of 35 flights a week to and from India and .Indian airlines the
        Bloomberg  -  95 words
    • 317 19 AP [FLORAL PARK, New York] The body of an apparent stowaway was ripped in half-during flight and his leg crashed into a suburban neighbourhood, where a homeowner found the severed limb in the middle of her lawn, authorities said. Pam Hearne heard "a
      AP  -  317 words
    • 199 19 Bloomberg [LUXEMBOURG] A group representing low-cost airlines. including Ryanair Holdings pic, asked Europe's highest court to annul a 2004 law that increases compensation to passengers for delays, cancellations and overbooking. "We reject the argument that we should pay for hotel and
      Bloomberg  -  199 words
    • 335 19 AFP [WASHINGTON] The European Aeronautic Defence and Space Co (EADS) has offered to drop controversial loans from European governments in order to revive US-EU negotiations over disputed subsidies to commercial plane makers, the Wall Street Journal reported yesterday. In a
      AFP  -  335 words

  • Page 20 Advertisements
    • 63 20 W) lpi\ tb' 1 %fk s l \li IE§L. V% i: n i i h jK Mil M :r v V J ,l I": H 1r 1- Ji N^ifefiSft! 'l J| If WKll shipping the World! heading towards the Oceans. StX heading towards the Future. i > •'"i -j sj
      63 words

  • SHIPPING
    • 769 21  -  Industry airs conflicting views on collective conference system Reports By DONALD URQUHART [SINGAPORE] The next battle ground over competitive practices in the shipping industry won't be in Europe, the US or Australia, it will be fought here in Singapore as the Republic gears
      769 words
    • 258 21 [SINGAPORE] With an eye on enhancing economic competitiveness by prohibiting practices that inhibit competition, Singapore's new Competition Act 2004 began its phased implementation from Jan 1 this year. In the first three rounds of public consultation, a number of shipping interests submitted comments, including the Singapore
      258 words
    • 151 21 Reuters [LONDON] Pirates armed with AK-47 assault rifles attacked the crew of a large oil tanker waiting to load crude at Iraq's Basra oil terminal before making off with cash, an ocean crime watchdog said yesterday. The raid happened at night on
      Reuters  -  151 words
    • 290 21 SGX '000 Junet SS Vol CH Offshore 0.36 unch 260 ChuanHup.~ 0.75 unch 807 Cosco Corporation 1.90 -0.04 6692 CWT Distribution 0.66 -0.01 56 Ezra Hldgs 1.23 unch 65 Freight Links 0.08 unch 512 Grand Banks Yacht 0.96 unch 2 Java Holdings 1.05 unch 661 K1 Venture 0.27
      290 words
    • 52 21 [BREMERHAVEN, Germany] New cruiser Pride of America leaving the shipyard Lloyd in Bremerhaven, northern Germany, to set sail for New York. The 81,000-tonne luxury ship, which had a mishap in a storm in January2oo4. was delivered to the US shipping company Norwegian Cruise Line on
      AP  -  52 words
    • 519 21 But it says fall in freight rates would be offset by port congestions Reuters [TAlPEl] Taiwan's secondlargest shipping firm, Yang Ming Marine Transport Corp, has issued a profit warning, forecasting a 12 to 56 per cent fall in -earnings per share (EPS) in the next
      Reuters  -  519 words
    • 259 21 Bloomberg [HONG KONG] Shenzhen, China's sec-ond-busiest port after Shanghai, handled 26 per cent more containers in May compared with last year, after the country's growing trade boosted the amount of goods shipped through its ports. The port in the southern Chinese city, which borders Hong
      Bloomberg  -  259 words
    • 340 21 Bloomberg, AP [NEW DELHI] Australia, which is in talks to sell five million metric tonns of liquefied natural gas (LNG) to India, is willing to provide technical help in building a terminal for the fuel at a southern Indian port. The
      Bloomberg,; AP  -  340 words
  • Page 21 Advertisements
    • 65 21 ATTENTION ALL SHIPPING COMPANIES WITH EFFECT FROM 19TH MAY 2005 MARPOL 73/78 ANNEX VI SINGAPORE STANDARD CP:6O 2004 REQUIRE SAMPLES TO BE TAKEN AT SHIP'S MANIFOLD WHEN TAKING BUNKERS HAVE YOU MARITEC supplies all your needs to comply with the mandatory requirement. Maritec Pte Ltd 192, Pandan Loop, #05-26/27/28 Pantech
      65 words

  • EDITORIAL & OPINION
    • 507 22 EDITORIAL INDONESIAN President Susilo Bambang Yudhoyono has come under fierce criticism from legislators for his 12day trip to the United States, Japan and Vietnam, which they say, has used up tax payers' money without delivering concrete results. While legislators should keep a close eye on
      507 words
    • 872 22  -  Despite safety and contamination issues, Europe's nuclear bandwagon is starting to roll MATTHEW LYNN Bloomberg AFTER more than a decade in the doldrums, the nuclear-power industry is now starting to dust off plans that European nations have shelved for years. For investors, there may
      Bloomberg; REUTERS  -  872 words
    • 759 22  -  THE BOTTOM LINE LEON HADAR Washington Correspondent I HAPPENED to be in Paris on the same day that the French people rejected the proposed European Union Constitution a vote that was described by analysts in the French capital as
      759 words
    • 1342 23  -  Strengthening economic ties and socio-cultural exchange builds rapport between the two neighbours By DON LEE LAT-WP AFTER living in Seoul, South Korea; Frankfurt, Germany; Los Angeles; and Beijing, Kim Hyun Soo decided to retire in Weihai, a port city in China's Shandong province that juts out
      LAT-WP; AP  -  1,342 words
    • 275 23  -  Leong Sze Hian Singapore I REFER to HDB's reply, "HDB: Vacancy rate irrelevant to rent issue" (BT, May 31), to my letter, "Hello? Anybody listening?" (BT. May 25). It states that "the issue is, therefore, not how many vacant rental flats HDB
      275 words
    • 430 23  -  LETTERS TO THE EDITOR Jimmy Ho Kwok Hoong Singapore I REFER to the article, "SGX and its critics: Managing the gap", by R Sivanithy (BT, June 6). Misfortunes such as the Chartered and China Aviation Oil sagas, the selling down of Citiraya and Unifiber, controversies
      BLOOMBERG  -  430 words
    • 293 23  -  Denis Distant Singapore I REFER to the report, "ACCS says it overstated profit by $54m" (BT, May 27). I find it hard to believe that a company could overstate its audited profit by $54 million and now have to make $81 million provisions for 2004 to
      293 words

  • Page 23 Advertisements
    • 102 23 HAVEYOUR SAY Fax your letters to 6319-8277 or email them to btletterOsph.coin.sg or write to: The Business Times, SPH HQ, 1000 Toa Payoh North, Podium Level 3, Singapore *****4. We need your hill name, address and telephone number for verification. Please use temperate language, and bear in mind libel laws.
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  • Page 23 Miscellaneous
    • 192 23 CRYPTIC CROSSWORD DOWN 1 Coppers live for control (7) 4jl !l IGan j 7 YESTERDAY'S SOLUTION 2 Provides air to set a really up- Thresholds often passed by Across: 7 Full board, 8 Revel, 10 lifting environment for it (7) salesmen? (9) School, 11 Palisade, 12 Beirut, 14 3 Operating
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  • 10240 24 SGX MAINBOARD 52-Wk Tel Last Vol Day Lart Quota GrOtv Dtv GrYM Nat MCan High Low Coda Company Sala fOOO) High Low tuyar SaMr Cvr HI Sum 12.5 3 5716 1st Software 5c 5 +1 6716 5 3.5 4.5 5 20.2 34.5 13.5 3148 8TelecomUS2c IS +0.5 2218
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  • 6142 25 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES to tool am tots touts \<*r r <*y r *r lun«7 lnda» Ch«nq» On Of— CK«r»o« Ch»nj(» The Work! India Mty 8697 a/ 70 07 06 04 -11 I t AH ftcliironaiy BOH OS 42 04 09 U -M turapeMmwuiy 112Si1 09 62
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  • Page 26 Advertisements
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  • THE BUSINESS TIMES SHIPPING TIMES
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  • BizIT
    • 501 30  -  BT exclusive Regional contributions should beat that of North America, reports ROLAND LIM ROLAND LIM GENEVA-BASED Sita SC, which specialises in networking solutions for the air transportation industry, wants the Asia-Pacific-Japan region to cross US$2OO million in revenues this year, with Singapore as
      CHRIS LOH  -  501 words
    • 216 30  -  By RAJU CHELLAM MAINBOARD-LISTED Asti Holdings, which provides back-end semicon manufacturing services, has set up Telford Manufacturing Service Shanghai, Asti's eighth such facility worldwide. Asti said it will invest about $1.8 million in Telford Shanghai. The new unit will begin operations
      216 words
    • 263 30 Reuters [SAN FRANCISCO] Seagate Technology introduced 10 new hard disk drives (HDDs), including what it said was the first HDD designed for the car market and a smaller drive for digital video recorders. The largest US maker of HDDs also introduced what it
      Reuters  -  263 words
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  • PROPERTY
    • 394 31  -  UOL lifts top Fiabci honours, CapitaLand bags HK-Beam prize By ARTHUR SIM UNITED Overseas Land (UOL) and Capita Land have raised the bar on the standard of property developments by winning international awards. UOL won the prestigious Fiabci (International Real Estate Federation) Prix
      FILE PHOTOS  -  394 words
    • 397 31  -  JV company to kick off with Chengdu project By LISA TAN KEPPEL Land, HDB Corporation and E M Services (EMS) have formed a joint venture company, Plein Essor Property Services (Shanghai), to provide property management services in China. A KepLand spokesman said
      397 words
    • 352 32  -  By KALPANA RASHIWALA CAPITALAND'S joint venture with TCC Land has bought a 1.3 million sq ft prime residential site in Bangkok for 692 million baht (5528.8 million). The site, at Soi Mayalab on Kaset-Nava-mintr Road, will be developed into 79
      352 words
    • 452 32  -  Price paid by Park Hotel reflects net yield of 5% By KALPANA RASHIWALA CROWN Hotel has a new owner in the Park Hotel Group of Hong Kong, which paid $300 million for the 311-room freehold property on Orchard Road. The price seems high
      FILE PHOTO  -  452 words
    • 1077 32 Brought to you by HSBC M PROJECT NAME/ PROP CONTRACT TENURE BUItWNAAND PRICE P5F STREET NAME TYPE DATE AREA*(SQFT) (SS'OOO) CSS) 3B5 N0N4AN0B) Icon Apt 19/05/2005 99 657 505 769 toongS*Rd Apt 11/05/2005 FH 1491 1300 872 DMrictflS
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  • Page 31 Advertisements
    • 172 31 "1 For 1" SPECIAL Singapore newest addition to world class cuisine offers delicious chargrilled steaks, chicken, veggies 6 more, at down-to-earth prices) Dine A Dance your evening away to the tune of your favourite Latin, Salsa 4 Merengue hits. Reservation 6220 7927 28 Murray Terraoe CThas Street), Behind Ateeowdl House
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    • 81 31 Releasing a financial statement? Call 1800 289 8822 or email noticesOsph.com.sg to book your advertisement in our newspapers now. it- fr .4! J SjM lllv I Hill! (9 Pekiiicj "If k DllcN U v USUAL t CO price y JL l imiU'tl to one per I.«I) I** wilh mill oulrr
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  • Page 32 Advertisements
    • 88 32 16 18 Evelyn Road •Land 18,000 sq ft, PR 1.4,5 storeys K2*°tmrt Close to Newton Bl lir r MRTStn Unit* Near Anfllo-Chinese Pri Sch, St Michael's Pri, X m Expressions of Interest by: mrt U 15 June '05 (Wed), 3pm a NpMon Cirout melvin@credo.com.sg pamela@credo.com.sg Evian Condo at Holland Road
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    • 111 32 r p Got the right home? Now get the right home loan. Buying a house in Singapore is a heavy investment. However, you can still have the freedom to live life the way you want, with HSBC home loans. Enjoy these benefits when you take up an HSBC home loan:
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