The Business Times, 11 June 2005

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Microfilm: NL26283
Total Pages: 24
1 24 The Business Times
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  • Title Section
    Lock icon Masthead
    14 1 THE BUSINESS TIMES weekend SINGAPORE 85 cents June 11-12. XQS MICA (P) 089/03/2005 online
    14 words
  • Article
    Lock icon Singapore's millionaire ranks swell to almost 50,000
    587 1  -  By ALEXANDRA HO [SINGAPORE] The number of millionaires in Singapore has swelled to almost 50,000 and we're counting in greenbacks here. What's even more interesting than the 48,500 figure recorded for the Republic last year is the increase. According to a survey of
    587 words
  • Article, Illustration
    Lock icon Seagate picks S'pore as its global gateway
    611 1  -  Disk drive maker announces Woodlands plant expansion during launch of 6 world firsts By RAJU CHELLAM [SINGAPORE] Disk drive giant Seagate Technology has chosen Singapore as the global gateway for its new products. It will make every new hard disk drive (HDD) series
    611 words
  • Article, Illustration
    Lock icon Not just a home now – people are shopping for a lifestyle
    842 1  - Not just a home now people are shopping for a lifestyle By ARTHUR SIM [SINGAPORE] With increasingly savvy niche marketing strategies, showflats are becoming interesting social anthropological sites. Go to a showflat at a property launch nowadays and you will immediately see how much the way people live has changed.
    842 words
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  • TOP STORIES
    • Article, Illustration
      Lock icon Temasek, 2 HK tycoons to buy 24% of Cosco IPO
      637 2 TEMASEK'S NEW FORAYS Investment seen to support Cosco's US$1.66b planned stock sale this yr Bloomberg [HONG KONG] Two Hong Kong billionaires and a Singapore investment firm will invest US$4OO million in Cosco Holdings Co, China's biggest containership operator, ahead of
      Bloomberg; SCMP  -  637 words
    • Article
      Lock icon Temasek in US$112m pharmaceuticals JV
      357 2  -  By ALEXANDRA HO WITH the, Asia-Pacific pharmaceutical market estimated at US$2l billion and expected to double in 10 years, Singapore investment company Temasek Holdings has stepped up its interest in the sector. In a US$ll2 million deal, Temasek has entered into a joint venture with
      357 words
    • Article
      Lock icon MARKETS DIGEST
      135 2 STI 2,***** (+21.87) ST INDEX FUTURES 2,210.00 (+15.00) siMsa 262.24 (+2.07) SIMSa FUTURES 261.60 (+0.30) MARKETS N Friday Change KLSECOMP 890.02 +10.62 NIKKEI 225 11,304.23 ->-143.35 HANG SENG 13.934.76 +36.45 SET INDEX 679.98 +2.78 JAKARTA COMP 1,096.93 +2.74 MANILA COMP 1,937.18 +38.94 SEOPLCOMP 990.79 +3.21 SHENZHEN B 228.50
      135 words
    • Article
      Lock icon Greenback climbs to 9-month high
      336 2 Bloomberg [NEW YORK] The US doUar reached the highest against the euro in almost nine months after the US trade deficit in April was less than expected and the March shortfall was revised lower. A smaller-than-forecast deficit means fewer dollars have to be swapped for
      Bloomberg  -  336 words
    • Article, Illustration
      Lock icon Throw off the shackles of misplaced shame
      760 2  -  SATURDAY SOAPBOX SIOW LI SEN Senior Correspondent BAD luck is just bad luck; nothing to be ashamed of. And being different from other people should not be seen as a matter of shame, either. But too often these days in middleclass "Singapore where
      760 words
    • Article
      Lock icon Corrections
      103 2 THE caption accompanying the June 9 story "China Aviation to retain status as listed entity" gave the impression that Gerald Woon, Chaly Mah and Andrew Grimmett ase from China Aviation Oil. This is incorrect. Mr Mah is the country managing partner and CEO of Deloitte and Touche, while Mr
      103 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      669 2 What went right at CAO: debt restructuring process CHINA Aviation Oil's debt restructuring so far is likely to be a reference point when similar situations arise in the future. And its successful conclusion is due largely to a concerted effort by the CAO restructuring team to engage creditors
      669 words
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      68 2 INVITING SHIPPING CLERK AT FOLLOWING PARTS. 2 years axparanc* In shipping company Knowledge of chartering of ship 1-3 years experence In shipping company Knowledge of operation of ship 2 years experence In shipping trading company Knowledge of Import export bank document Common Requirements Speak fluent English I Mandarin If you
      68 words
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  • RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Trail blazer
      1829 3  -  Jaime Augusto Zobel de Ayala II is on a mission to promote the economic development of the Philippines, and to lead awake-up call for companies to grow with the times. AL DIZON meets the upbeat CEO of Filipino behemoth Ayala Corp AL DIZON THE lean gentleman strides to
      ARTHUR LEE  -  1,829 words
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      110 3 The Raffles Conversation is brought to you through T*\ /T| i a special arrangement with Raffles International I I I lf*C Hotels and Resorts. The Traveller's Palm in the ~A_ I 1 Mv/vJ Raffles International logo is an apt symbol. Not INTERNATIONAL only has water stored at the base of
      110 words
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  • COMPANY NEWS
    • GRAPEVINE
      • Article
        Lock icon Seagate's biotech twist
        144 4 HOW do you soften the environment at a hard disk drive manufacturing facility? Fill the gardens with thousands of multi-coloured butterflies. That's exactly what Seagate Technology wants to do at its one million square feet facility in Ang Mo Kio, as well as at four primary schools
        144 words
      • Article
        Lock icon From Harvard to Cambridge
        94 4 WHEN FinianTan decided he was going to go into Reits, one question many people wanted to know was not where the money was coming from but why call the company Harvard Fund Management? Did Harvard University have a share? The simple answer to the mystery is
        94 words
      • Article
        Lock icon Tracing the roots of Potato
        101 4 SPEAKING of names, many people were curious as to why former BT journalist Lee Han Shih had named his new company Potato Productions— especially when the new business is to produce a monthly glossy magazine to be carried on airline aSrobridges, rather than look into
        101 words
    • Article, Illustration
      Lock icon What went right at CAO
      796 4  -  CORPORATE ANALYSIS It engaged creditors, secured parent's backing to offer a palatable debt repayment scheme, says WONG WEI KONG WONG WEI KONG Wf HEN China Aviation Oil (Singapore) collapsed under the weight of massive losses from speculative trading in oil options late last year and
      796 words
    • Article
      Lock icon CAO's Chen leaves remand after $2m bail is posted
      671 4  -  Amount believed to have come through CAOHC's lawyers By MICHELLE QUAH CHINA Aviation Oil's suspended CEO Chen Jiulin was released on bail yesterday after spending several days in police custody. It is not clear who put up his $2 million bail,
      671 words
    • Article, Illustration
      Lock icon Newbridge puts four directors on Parkway board
      534 4  -  By CHLOE CHOY NEWBRIDGE Capital yesterday completed its acquisition of a 26 per cent stake in Parkway Holdings with the appointment of four new directors to the healthcare provider's board. The acquisition of the stake from the founding Tan and Ang families marks
      FILE PHOTO  -  534 words
    • Article, Illustration
      Lock icon Lippo declares bid for new financial district in S'pore
      617 5 PROPERTY Sun Hung Kai, CapitaLand deny talk that they are jointly bidding Reuters INDONESIAN Investment group Lippo Ltd and a private firm linked to top Hong Kong developer Sun Hung Kai Properties are among the probable bidders for Singapore's new financial
      Reuters; URA WEBSITE  -  617 words
    • Article, Illustration
      Lock icon KepLand to build luxury villas in China's Tianjin
      302 5 Target market is rich Chinese and expatriates KEPPEL Land is set to develop its first residential project in Tianjin, China. The luxury villas it will build there will be aimed at rich Chinese and expatriates. Explaining the company's entry into Tianjin, Ang
      302 words
    • Article
      Lock icon Wee Inv continues raising stake in UOL
      188 5  -  By NANDE KHIN WEE Investments, the private vehicle of banker Wee Cho Yaw, has continued to strengthen its hold on United Overseas Land. This week alone, it paid $3.25 million to buy more than 1.44 million shares at $2.25 each. Wee Invest- ment's
      188 words
    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      952 5 For week beginning Jun 6 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS MMMtM Hoof Price SHAREHOLDING Tram Sharafcoldar Sal Shares Par Man OUar Stock Data Mrettor Com *888 SWS f668> C—> Adv Integrated 9-Jun-05 Tan Kim Yong Buy 3000 031 *****0 68.90 *****0 69.40 Adv Integrated 8-Jun-OS Tan Kim Yong
      952 words
    • Article
      Lock icon SunBiz reduces its stake in Auston Int'l from 65% to 21 %
      363 5  - SunBiz reduces its stake in Auston Int'l from 65% to 21 Move is in line with its objective to exit none-core operations By CAROLYN QUEK IN two proposed deals in less than a fortnight, Sun Business Network (Sunßiz) is slashing its effective stake of about 65 per cent in troubled
      363 words
    • Article, Illustration
      Lock icon Foreign houses wielding their magic wand
      523 5  -  STOCKS R SIVANITHY Senior Correspondent TO most observers the week just past was about the power and influence that the banks, Jardine group. Keppel and F&N can exert on .the Straits Times Index. And truth be told, this is an entirely legitimate observation for
      523 words
    • COMPANY BRIEFS
      • Article
        Lock icon Li Ka-shing's Suntec Reit stake below 5%
        73 5 HONG KONG billionaire Li Ka-shing has cut his stake in Suntec Real Estate Investment Trust (Suntec Reit) to below 5 per cent. Sales totalling 11.36 million units on Tuesday and Wednesday trimmed his holding from 5.828 per cent to 4.947 per cent. The
        73 words
      • Article
        Lock icon Bio-Treat to cancel stock options
        69 5 810-TREAT Technology, whose shares plummeted last year following news that it has offered options for 115 million shares to its directors and employees, yesterday proposed to cancel the outstanding options under its employee share option scheme and to consider implementing a performance-based bonus scheme instead.
        69 words
      • Article
        Lock icon G KGoh gets nod for sale of S'pore units
        126 5 G KGOH Holdings said yesterday that it has obtained all the Singapore regulatory approvals for the sale ofG KGoh Stockbrokers Pte Ltd and G K Goh Research Pte Ltd to Malaysia's CIMB Berhad. It aims to complete the sale of the
        126 words
      • Article
        Lock icon Allied Tech's Viet ops to be opened today
        92 5 ALLIED Technologies said that its Vietnam facilities at Saigon Hi-Tech Park will be officially opened today by Nguyen Van Dua, vice-chairman of the People's Committee of Ho Chi Minh City. The mainboard-listed manufacturer of precision stamped metal parts has invested $15 million
        92 words
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      Lock icon Page 4 Advertisements Column 1
      873 4 Notices In the Matter of ■The Companies Act Cap. 50 and In the Matter of TAI SIN HEATING ELECTRICAL ELECTRONICS PTE LTD Company Registration No. *****0690H (In Members' Voluntary Uquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Cap. 50, that the
      873 words
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      Lock icon Page 4 Advertisements Column 2
      186 4 SACIGEN CHEMICALS PTE LTD Co Reg No: *****4316R (IN MEMBERS' VOLUNTARY WINDING-UP) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Cap. 50 that the Final Meeting of the Members of the abovenamed company will be held at 7500 A Beach Road #16-321
      186 words
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  • BT INVESTMENT ROUNDTABLE
    • Article, Illustration
      Lock icon Changes urged for KL bourse
      2476 6 OVERVIEW THE recent slew of limit down trades in small cap stocks has brought unwanted attention to the Malaysian stock market. Property developer Fountain View, for instance, went from RMS to 40 sen after six limit downs. During a limit down, a counter stops trading
      2,476 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Look more to M-E, SM Goh tells local firms
      593 7  -  His advice follows wrap-up of S'pore-Qatar FTA talks By DANIEL BUENAS SINGAPORE businesses should look beyond just China. India and regional markets, and pay closer attention to the business opportunities in the Middle East, Senior Minister Goh Chok Tong said yesterday.
      TAN SUAN ANN/ST; FILE PHOTO  -  593 words
    • Article
      Lock icon NTUC offering workshops for older jobless people
      206 7 THE NTUC LeftngPgHuMs looking to help unemployed Singaporeans prepare for new jobs through the "Employability Camp" a work preparation workshop for older unemployed people with little education. According to NTUC, the concept of the "camp" was adapted from Japan. At such camps, participants
      206 words
    • Article
      Lock icon MDA leads contingent to Shanghai media event
      285 7 YOU may catch the likes of idols Qiu Zhe and Chen Yi Rong in the romantic idol drama, PS... I Luv U, on your 3G phone, especially if you attend the Shanghai Television Festival (STVF) from June 12 to 14. The Media Development
      285 words
    • Article, Illustration
      Lock icon Fight against money laundering goes public
      568 7  -  By SIOW LI SEN ORGANISATIONS meeting in Singapore to coordinate the fight against money launderkig and the financing of terrorism yesterday went public with their egyTheir first aim is to ensure total openness about exactly who is sending and receiving money. Another challenge is
      LIANHE ZAOBAO  -  568 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon Minister of State to lead delegation to Qatar
        60 7 MINISTER of State for Foreign Affairs Zainul Abidin Rasheed will lead a delegation to the Group of 77 (G77) Second South Summit in Qatar from June 15 to 16. He will also represent Singapore at the G77 Ministerial Meeting and the Non-aligned
        60 words
      • Article
        Lock icon University of Western Sydney in partnership with TMCAE
        75 7 THE University of Western Sydney (UWS) said that it is partnering TMC Academy for Advanced Education (TMCAE) as its new education provider in Singapore. Previously, the university's distance courses had been offered through Auston International Group. But last month UWS called off
        75 words
  • Page 7 Advertisements
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      Lock icon Page 7 Advertisements Column 1
      124 7 M Ninety-two E5O companies have gone on to list on the local bourse. Your company can do it too! Nominations for the s 2005 Enterprise 50 Award h££sr ns are now open Companies can nominate themselves for the 2005 Enterprise awards by completing the official nomination form. Companies must be
      124 words
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  • FOCUS: BOOK REVIEW
    • Article, Illustration
      Lock icon Not quite the greatest?
      897 8  -  The Fed chief is accused of helping to construct a collapsing global economy while assuring self-preservation, writes JOHN PICKERING JOHN PICKERING ALAN Greenspan, the US Federal Reserve chairman, has been acclaimed as the greatest central banker of all time. But is he? Ravi Batra, a professor
      AFP  -  897 words
  • Page 8 Advertisements
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      Lock icon Page 8 Advertisements Column 1
      139 8 gjp- I FOR SALE (Open on Sal/Sun) 12pm-6pm 33 Chllem Drive 33A Chillem Drive U (Show house unit, fully furnished) Floor area 6480 sqft, 6+l rooms Size of swimming pool: 3m x Basement about 1000 sqft, huge, bright, breezy, very useful lor entertainment or convert to I «JMW»Pr*cjl I "J
      139 words
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  • PROPERTY
    • Article, Illustration
      Lock icon MAS proposals empower Reit unit holders
      1143 9  -  They may find it easier to remove a Reit manager; greater scrutiny mooted for interested party deals By KALPANA RASHIWALA IT may become a little easier for holders of shares in a real estate investment trust to remove a manager they are unhappy with,
      1,143 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      4666 9 UNIT TRUSTS FUNDS cm Global Healthcare Fund 0 96/ Citi Gb Fin Sivcs Fund 1.05/ Cm US Aggress** Growth Fund 0.81/ 1 |W S B Set Glt> Bus Ldre Ptfl 03(SGOI 1.1144/ ?>2u SBSd Gib Bus Ldrs Ptfl 03(USO) 1.1774/ HS Citbond S'pore Class Y 0.978/ ft nos?/ SBSdEqty Dwdend
      4,666 words
  • Page 9 Advertisements
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      Lock icon Page 9 Advertisements Column 1
      26 9 PIMCO Global Real Return Fund a fund that is hedged against global inflation. AlliailZ (jfi) Rated 5-star by Mercer Investment Consulting Global investors company rejjn.no *****7169Z
      26 words
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  • Page 10 Advertisements
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      Lock icon Page 10 Advertisements Column 1
      821 10 DISTRICT 05 I I DISTRICT 10 a. DISTRICT 15 DISTRICT 19 DISTRICT 20 Hi 3/storty Inter terrace nfth 3-storey Inter terr j|fl Seml-D 111 s+l N(W s#mi d wlth attle 1330/ approx 463.01/ l Pond, Garden, "tteched mlns Kovan MRT Bj B 9 Big matured gdn, pool, patio MOVt In
      821 words
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  • Page 11 Advertisements
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      4671 11 Protecting your property--After buying your new house Most homeowners believe that fire insurance home. You can claim compensation for cover either the cost of repairing the damage and spending time and money alone is adequate, as they may not be aware improvements made to your home, and for its or
      4,671 words
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  • JOBS
    • Article, Illustration
      Lock icon Eurotunnel's CEO quits on chairman's criticism
      539 12 Latter's comments on how debt-laden firm is run are described as 'quite unacceptable' Bloomberg [PARIS] Eurotunnel chief executive Jean-Louis Raymond resigned yesterday, calling new chairman Jacques Gounon's criticism of how the debt-laden company has been run "quite unacceptable". Mr Raymond will stay on Eurotunnel's
      Bloomberg; BLOOMBERG  -  539 words
    • Article
      Lock icon Gateway's CFO to retire this year
      300 12 Bloomberg [LOS ANGELES] Rod Sherwood. chief financial officer at Gateway Inc, will retire this year, allowing chief executive officer Wayne Inouye to complete a management makeover at the third largest US PC maker. Mr Sherwood, 51, who joined Gateway in October 2002, will help
      Bloomberg  -  300 words
    • Article
      Lock icon Citigroup appoints new CEO for private banking
      120 12 Bloomberg [LONDON! Citigroup Inc, the world's biggest bank, promoted Damian Kozlowski to chief executive officer of private banking, expanding his responsibilities beyond the United States. Mr Kozlowski, who has overseen the private-bank-ing division in the US since November 2002, will also join Citigroup's
      Bloomberg  -  120 words
    • Article
      Lock icon Two more Delphi execs quit over accounting scandal
      447 12 Reuters [CHICAGO] Delphi Corp on Thursday said its treasurer and a former top executive have resigned, bringing to at least six the number of executives forced out in an accounting scandal at the auto parts maker. Delphi, whose shares fell 5 per
      Reuters  -  447 words
    • Article
      Lock icon Merrill Lynch has new Asia investment banking head
      136 12 Bloomberg [HONG KONG] Merrill Lynch Co, the world's second-largest securities firm, said it has hired Morgan Stanley's Sheldon Trainor as head of its investment banking unit in Asia, based in Hong Kong. Wong Kwai Lam, the previous head, was promoted to co-chairman
      Bloomberg  -  136 words
    • Article
      Lock icon Bryan Pascoe to head HSBC's debt syndication team
      223 12 Bloomberg [SINGAPORE] HSBC Holdings pic, Europe's largest bank by market value, promoted Bryan Pascoe to head its global debt syndication team, managing the worldwide distribution of debt products, according to a memo sent to the bank's workers. Mr Pascoe, 36, who has
      Bloomberg  -  223 words
    • EXECUTIVE MOVES
      • Article, Illustration
        Lock icon UPS names VP of marketing for Asia-Pacific
        62 12 UPS has announced the appointment of Joseph Guerrisi (above) to the position of vice-president of marketing for UPS Asia-Pacific region. Based in Singapore, Mr Guerrisi has overall responsibility for marketing, e-commerce, and advertising and public relations activities for UPS Asia-Pacific. Prior to this,
        62 words
      • Article
        Lock icon Dilithium Networks appoints GM for 3 regions
        78 12 DILITHIUM Networks, a provider of wireless multimedia solutions, announced that Gerard Delaney is joining the company as vice-president and general manager for Europe. Middle East and Africa. Mr Delaney is currently the genera] manager for mobile wholesale at British Telecom (BT) where he
        78 words
      • Article, Illustration
        Lock icon Shangri-La Hotels appoints COO
        109 12 SYMON Bridle (above) has been appointed chief operating officer of Shangri-La Hotels and Resorts, Asia-Pacific's luxury hotel group. In this new position, Mr Bridle will supervise the hotels' vice-presidents to ensure optimal operational and financial performance among existing and opening hotels, as well as represent the
        109 words
      • Article, Illustration
        Lock icon New VP of sales for Asia at Epicor Software
        105 12 EPICOR Software Corporation, a provider of integrated enterprise software solutions for the midmarket, announced that Bryan Tan (above) has been appointed Epicor's vice-president of sales in Asia, effective immediately. Mr Tan is based in Singapore and is responsible for managing and
        105 words
      • Article
        Lock icon NCS chief executive to be CEO of SIM
        145 12 THE Singapore Institute of Management (SIM) has announced the appointment of Lee Kwok Cheong as chief executive officer of SIM Pte Ltd. Mr Lee will leave his current position as chief executive of NCS Pte Ltd and take on his new position
        145 words
      • Article
        Lock icon New chief info officer at Tech Group Asia
        110 12 MAINBOARD-LISTED Tech Group Asia Ltd has appointed Paul Edward Sharp as new chief information officer. He will oversee the group's global IT activities. He brings to the group more than 25 years of IT, operations and finance experience in various industries. Trained
        110 words
      • Article, Illustration
        Lock icon Shearman & Sterling appoints senior partner
        125 12 Shearman Sterling appoints senior partner SHEARMAN Sterling LLP has announced Rohan S Weerasinghe (above) as senior partner. Mr Weerasinghe is one of the leading corporate and securities lawyers in the US, and regularly represents underwriters and corporate clients in public offering transactions, including complex transactions involving leveraged buyouts and high
        125 words
      • Article, Illustration
        Lock icon New regional corporate affairs man at BMW Asia
        78 12 FROM Aug 10 this year, Michael TH Lim (above) will take over as the regional corporate affairs manager at BMW Asia Pte Ltd in Singapore, the regional corporate office of the BMW Group in Asia. Ramesh Divyanathan, who has been steering BMW
        78 words
      • Article
        Lock icon Head for new emerging markets unit at Cisco
        82 12 SENIOR vice-president Paul Mountford, 46, who now runs sales to distributors for Cisco, will head a new emerging-markets division. Senior vice president Chris Dedicoat, 48, will rim European Markets, serving countries like the UK and Germany. Europe sales chief Robert Lloyd, 49,
        82 words
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  • Page 13 Advertisements
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      Lock icon Page 13 Advertisements Column 1
      1500 13 Making d 877 Consultants is a leading Executive Search and d? f fjL ULfL i *4 V i- I i- V Selection company in Asia and a subsidiary of Kelly ITT6f6fw9 IO S Services Inc., a Fortune 500 global staffing company. •#iPPIlp careers... B WOTB BfflnrWMym!WWSfflWfffßj«rirnTTTyV^Bß Our is a global
      1,500 words
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  • REGION
    • Article
      Lock icon Indon government to upgrade Batam's status
      482 14  -  Procedures for customs will also be streamlined By SHOEB KAGDA in Jakarta RESPONDING to growing uncertainty over the status of Batam, the Indonesian government will help businesses located within the bonded zones on the island to import raw materials and export their products more
      482 words
    • Article
      Lock icon Guthrie hires DBS to arrange US$480m refinancing loan
      219 14 Bloomberg [KUALA LUMPUR] Kumpulan Guthrie Bhd, Malaysia's No 5 plantation group by market value, has hired DBS Group Holdings Ltd to arrange an unsecured loan of as much as US$4BO million to help refinance existing debt, an official at Singapore's biggest bank
      Bloomberg  -  219 words
    • Article, Illustration
      Lock icon Ishak, Soh win control of KFC, QSR: report
      382 14 [KUALA LUMPUR] Former managing director of KFC Holdings (Malaysia) Bhd Ishak Ismail and Soh Chee Wen are said by market sources to have gained control of the fast-food company and its parent, QSR Brands Bhd, the Malaysian Business Times reported yesterday. However,
      ST  -  382 words
    • Article
      Lock icon SGX MAINBOARD
      7701 14 5GX MAINBOAKP 52-Wk Tal Last Vol Day Lad Quota GrtMv W* GrYW Nat MCao Mgh Lew Coda Company Sate (*000) High Low Buyr Satar Cw Hi Ml 12.5 3 5716 1st Software 5c 4.5 -0.5 1090 4.5 4.5 4.5 5 18J 34.5 13.5 3148 8T«HecomUS2c 16 +0.5 3805
      7,701 words
    • Article
      Lock icon Maersk setting up regional HQ in China
      138 15 Official cites strong growth market expanding trade Bloomberg [SHANGHAI] AP MoellerMaersk A/S, the world's biggest owner of container ships, plans to establish its regional headquarters in China, where expanding trade is boosting demand for sea freight. Maersk has applied to establish a holding
      Bloomberg  -  138 words
    • Article
      Lock icon Maersk to launch P&O bid on Monday
      92 15 Reuters [AMSTERDAM] Danish shipping giant A P Moell-er-Maersk will launch its recommended 2.3 billion euro (554.7 billion) bid for smaller Dutch rival P&O Nedlloyd on Monday, the two said yesterday. The acceptance period for the all-cash offer of 57 euros per share will
      Reuters  -  92 words
    • Article, Illustration
      Lock icon 'Missing' tycoon resurfaces to quell rumours
      235 15 AFP [NEW DELHI] Indian tycoon Subrata Roy, whose disappearance from public view sparked wild rumours about his health, appeared on television on Thursday to show that he was "absolutely disease-free". The flamboyant businessman, whose Sahara group is India's biggest private employer, was last seen
      AFP  -  235 words
    • Article
      Lock icon SGX
      6363 15 MOST ACTIVE STOCKS VOLUME VALUE UTAC US 15c 64.557.000 CapitaLand 63.768.030 Accord Customer 2.5c 42.470.000 TACBt***** 51.910.258 UniFiber 10c 32.130.000 OCBC 43.692.650 CapitaLand 27.367.000 UTACUS15c 42.959.955 Sys Access 5c 24.642.000 DBS Grp 32.147.840 China Sun HK25c 18.454.000 SingTel 15c 31.532.432 Biosensors USO.OIc 18.100.000 Chart SemiCond 26c 23.679.190 Chart SemiCond
      6,363 words
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  • REGION/WORLD
    • Article
      Lock icon Trade deficit widens less than expected in April
      429 16 LATEST US DATA Import prices down 1.3% in May; excluding oil, prices fall 0.3% Reuters AP. Bloomberg [WASHINGTON] The US trade deficit shot up 12 per cent in April but still less than expected to US$57 billion, as both exports and imports
      Reuters; AP.; Bloomberg  -  429 words
    • Article, Illustration
      Lock icon James Dean: the perfect Hamlet
      811 16  -  LIGHT REED He died too young 50 years ago without playing his ideal role CHRISTOPHER REED THE 50th anniversary of James Dean's death at 24 in a car crash along a treacherous California country road is not until Sept 30, but already people are morbidly
      811 words
    • Article, Illustration
      Lock icon Citigroup to pay US$2b to settle Enron lawsuit
      482 16 Reuters [NEW YORK] Citigroup Inc, the world's largest financial services company, said yesterday it will pay US$2 billion to Enron Corp investors who accused it of helping engineer a massive accounting fraud at the energy trader. The settlement is one of the
      Reuters; BLOOMBERG  -  482 words
    • Article
      Lock icon Las Vegas Sands may spend US$2.75b on Macau projects
      432 16 Bloomberg [NEW YORK] Las Vegas Sands Corp, which opened the US$265 million Sands Macau in 2004, may spend about U552.75 billion to build a casino resort and finance the development of three hotels in Macau, chief executive Sheldon Adelson said. The
      Bloomberg  -  432 words
    • WORLD WATCH
      • Article
        Lock icon G-7 economic outlook weakens: OECD
        82 16 Reuters [PARIS] The economic outlook for all Group of Seven industrial countries has weakened, according to an early warning indicator issued by the OECD think tank yesterday, with the reading for the US down for the third month running. The leading indicator registered 101.5 for
        Reuters  -  82 words
      • Article
        Lock icon Thomas Cook sale to go ahead
        37 16 AFP [FRANKFURT] Despite public protests, German airline Lufthansa and troubled retailer KarstadtQuelle are preparing to sell their combined travel and tourism venture Thomas Cook, the Financial Times Deutschland reported yesterday. —AFP
        AFP  -  37 words
      • Article
        Lock icon China state firm to control brokerage
        48 16 Reuters [HONG KONG] A Chinese state investment firm Central Huijin Investment Co, will inject 10 billion yuan (Ss2 billion) into Galaxy Securities and take control of the country's second biggest brokerage in an overhaul of China's troubled financial sector, sources said. —Reuters
        Reuters  -  48 words
      • Article
        Lock icon China Construction Bank's profit up 34%
        43 16 Reuters r [SHANGHAI] China Construction Bank said its pre-tax profit rose 34 per cent in 2004 to 50.2 billion yuan (559.9 billion). Its non-performing loan ratio at the end of 2004 fell to 3.92 per cent. —Reuters
        Reuters  -  43 words
      • Article
        Lock icon EU trade chief warns China on exports
        81 16 Reuters [SHANGHAI] European Trade Commissioner Peter Mandelson, in Shanghai for last-minute talks with China over its surging textile exports, warned yesterday that the EU would take action if no deal was reached. China has until today to agree to curb the rise in
        Reuters  -  81 words
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      Lock icon Glazer borrows at premium to finance Manchester United buyout
      507 16 Bloomberg [LONDON] When the 11 players of Manchester United pic take to the soccer field and face Hong Kong on July 23, each of them will be carrying £34 million (Sslo3 million) of debt owed by US billionaire Malcolm Glazer. Debt,
      Bloomberg; REUTERS  -  507 words
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  • HEALTH
    • Article, Illustration
      Lock icon Straight to the heart
      1984 17  -  MIKE CHUA looks at the non-invasive options available for the examination of coronary arteries MIKE CHUA IF you've always been reluctant to go for a thorough cardiac check because of its invasive nature, there's good news for you. Thanks to advances in clinical imaging technology, there
      PHILIPS ELECTRONICS SINGAPORE  -  1,984 words
    • Article
      Lock icon A patient's story
      560 17 NICOLE Koh used to be quite a lively, outgoing manager and mother. Then she began to get chest pains once in a while. But whenever she went for a che<sk-up, doctors would put her on an ECG test and the readings would always turn out normal. When
      560 words
    • Article, Illustration
      Lock icon Windows to the heart: Some common methods of monitoring the heart
      1006 17 Cardiac angiogram, invasive A thin flexible tube called a catheter is threaded through a blood vessel usually at the groin and into your heart. A dye (contrast agent) is then injected through the catheter into the coronary arteries to
      PHILIPS ELECTRONICS SINGAPORE  -  1,006 words
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  • SINGAPORE ARTS FESTIVAL
    • Article, Illustration
      Lock icon A platform for female expression
      463 18  -  Chinese dance director Wu Wenguang shows off his attention to real life, writes NGIAM YING LAN NGIAM YING LAN #Jf T DOESN'T only refer Jjf I to women, it raises I questions for everym, one." says ChinaS based dance director Wu Wenguang, about m his
      463 words
    • Article, Illustration
      Lock icon The Big Musical Bang
      517 18  -  By GEOFFREY EU SINGAPOREANS ventured into unchartered musical territory this week when Bang on a Can All-Stars showcased its highly innovative, hard-to-describe brand of new contemporary music at the Victoria Concert Hall. There was an indefinable yet vaguely familiar quality to the music of the New
      NICK RUECHEL  -  517 words
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      211 18 *1111 Expand your vocabulary with LASALLE-SlA's Master of Arts Art Therapy Arts Cultural Management Curatorial Studies Design Fine Arts Media Arts Expand your ideas, your creativity, your future with Singapore's only LASALLE-SIA Scholarships art available. Degrees are written and postgraduate programmes in Arts Design that provide a unique balance developed
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  • MOTORING
    • Article, Illustration
      Lock icon Bold and Beautiful
      483 19  -  If you are already a Merc fan, the CLS-Class the four-door coupe—will only reinforce those feelings of desire, says SAMUEL EE SAMUEL EE IT has netted about 150 orders and deliveries right up to the end of the year. No, it's not a Toyota we're talking about
      483 words
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      Lock icon Explosive C4
      320 19  -  By JOE YEO C 4 is the name of a plastic explosive as well as the hottest Citroen to emerge from the French carmaker's factory for a long time. But the one that will really sizzle is the three-door version with 180hp. Besides the five-door 1.6-li-tre model, a
      320 words
    • Article, Illustration
      Lock icon More powerful, better looking A4
      300 19  -  By SAMUEL EE AUDI will launch the facelifted A 4 next week with the most interesting engine for the popular German sedan to date a twolitre turbocharged direct injection unit. Authorised distributor Premium Automobiles is introducing the A 4 with the striking trapezoidal single-frame grille,
      300 words
    • Hot Hatch Match
      • Article, Illustration
        Lock icon OPEL ASTRA TURBO
        192 19 Plus: Pretty and less pricey The Astra has one of the prettiest European hatchback shapes around and the Turbo, with its bodyldt, looks even better and more purposeful than the lesser versions. The Astra handles competently and there's even a Sport mode where the dampers firm up
        192 words
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        Lock icon RENAUITSPORT MEGANE RS
        171 19 Plus: Fast and exciting The Megane RS is made, tuned and developed by Henauhsport, the French carmaker's hugely experienced sporting arm. The 225 hp from its forced aspirated two-litre engine makes it the most powerful hot hatch in the market now. Performance is exhilarating—there's a hint of
        171 words
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        Lock icon VOLKSWAGEN GOLF GTI
        194 19 Plus: Character and magical box The car that started it all is back in form with the fifth-generation model. It has all the ingredients for a storming hot hatch—2oohp from its very flexible turbocharged direct-injection four-cylinder engine; nimble and agile handling; and the right amount of aggression
        194 words
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  • PERSONAL SPACE
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      Lock icon Her own space
      1089 20  -  GEOFFREY EU visits the home of Celina Lin and finds a space that quietly resounds with the good taste of the stockbroker-turned-jewellery designer GEOFFREY EU SIX years ago, Celina Lin became the envy of her friends when she quit the rat race in favour of the human
      PHOTOS BY CHRIS LOH  -  1,089 words
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      892 20 WinG&dinG mthweekendßT Amalfi The Italian Pizza Place Coleman's Cafe Kuall-The Asian Kitchen Parkway Thai Restaurant 3E River Valley Road, Traders Market (Clarke Peninsula Excelsior HoteL Level 5. TeL *****132 Level 1 Suntec, Singapore International Convention #01-59/62 Centrepoint Shopping Centre/#O2-08 Quay), *01-05. ft* 6883 0620 Buffet lunch available on weekends and
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  • WELLNESS
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      Lock icon When tuition isn't the need
      540 21  -  CHEAH UI-HOON checks out some schools which provide alternative forms of learning that are often building blocks to academic excellence itself CHEAH UI-HOON SINGAPORE parents have a notorious reputation for sending their children to tuition classes and, by way of exaggeration, enrichment classes to enhance
      540 words
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      Lock icon BRAIN FRIENDLY LEARNING
      412 21 TONY Buzan's power learning and mind mapping is a world renowned methodology today, but what's less well known is that he has courses scaled down and tailored to children. He wrote Mind Maps for Kids in 2003, and since then, Singaporean children have benefited from his "mini"
      412 words
    • Article
      Lock icon MUSIC AND MOVEMENT
      316 21 YOU'VE heard of the theory that says babies can even hear music when they're in the womb, and how this has a positive effect. More so then, when they're growing up. As Chiat Goh, managing director and founding member of Kindermusik Asia Pte Ltd, points out, the
      316 words
    • Article, Illustration
      Lock icon TUMBLE FOR FITNESS
      402 21 SUPERVISED, sporty play in a kid's gym that's what JWT Kids Gym offers for children aged from four months to nine years old. A franchised programme from the US, director Philomena CannonBrookes set up JWT Singapore just la£t December, because she wanted something like this for her
      402 words
    • Article
      Lock icon KUALA LUMPUR STOCK EXCHANGE
      2313 21 Vol General Corp .0.40 0.01 227 lilt Ml OW) Genting 18.80 0.10 709 George Kent- 0.70 0.02 76 AAMRealty 1.58 undi 17 GHL Systems 026 0.02 2080 Abric 039 0.01 459 Globetronics Tech .0.42 0.01 1761 ACP Industries.— .0.77 0.06 16 GkxnacBhd 1.49 0.02 358 Advance
      2,313 words
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  • SHOPPING
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      Lock icon The great designer sale
      920 22  -  CORINNE KERK sniffs out the best buys in town CORINNE KERK Agnes b Sale period: Till July 24. Discounts: 10 per cent off Voyage (below) merchandise. An exclusive Agnes b. ring set with unique serial number comes free with purchases worth $450. For every $900 purchase,
      CHRIS LOH  -  920 words
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  • GOLF/FOOD
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      Lock icon Dream greens
      1155 23  -  JUSTINE MOSS makes a wishlist of the most famous holes on top courses around the world JUSTINE MOSS A GOLF club in Humble, Texas, had the not-so-humble idea of taking 18 of the greatest golf holes from all over America and recreating them over a single, spectacular course.
      BLOOMBERG  -  1,155 words
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      Lock icon A taste of high heaven
      762 23  -  NGIAM YING LAN finds out what Chefs With Altitude have in store NGIAM YING LAN FINE dining fans are in for a treat next week. The annual "Chefs With Altitude" event returns in high style quite literally to the 70th storey Equinox Complex in Swissotel
      762 words
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  • Page 23 Miscellaneous
    • Miscellaneous
      Lock icon Page 23 Miscellaneous Column 1
      286 23 CRYPTIC CROSSWORD heartless maiden produced ACROSS memory aid (8) 1 Scholarly Scot, he's in the RA 5 Produce note inside box (6) x 6 Anthony's workers (4) P r X)Se^i/?J? u 7 Where diplomats get good s r |p er (J O-4) percentage? (4,10) 11 University gets wrong mark g
      286 words
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  • THE BUSINESS TIMES weekend
    • Article, Illustration
      Lock icon Crossing continents
      1355 24  -  Two famed chefs of vastly different styles are in town to showcase what they do best reinventing traditional cuisine. GEOFFREY EU reports GEOFFREY EU Aussie chef with French flair Darren Ho wasn't born a chef, although he probably did have cooking oil coursing through his veins. When your
      1,355 words
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      Lock icon In the swing of things
      809 24  -  CHEAH UI-HOON is all set to take a twirl at a swanky new dinner and dance venue in town CHEAH UI-HOON SINGAPORE residents of a certain, ahem, vintage, and with a penchant for ballroom dancing will have fond memories of places like Tropicana, Kasbah, and
      809 words
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