The Business Times, 17 June 2005

Lock icon This issue may only be viewed from the multimedia stations at NLB Libraries. See FAQ for more information.

Total Pages: 30
1 30 The Business Times
  • 15 1 THE BUSINESS TIMES Friday, June 17,2005 SINGAPORE 85 cents online at http://business-times.asial.com.sg MICA (P) 089/03/2005
    15 words
  • 553 1  -  By RONNIE LIM [SINGAPORE] Petrol station operators have declared full-scale war with pump prices slashed by over a quarter overnight. Motorists are now enjoying a whopping 26 per cent off, as the discount battle between the petrol chains turns ugly. Indeed, the
    ARTHUR LEE  -  553 words
  • 837 1  -  BT exclusive New waste recycler outfit growing strongly, aims to venture into mobile phone after-market services By JOYCE KOH [SINGAPORE] The management team that walked away from troubled electronic waste recycler Citiraya Industries en masse last year has re-emerged as a formidable
    CHRIS LOH  -  837 words
  • 139 1 Dsn 2,202.74 (+0.83) ST INDEX FUTURES 2,201.00 (-1.00) siMsa 261 M (-0.07) SIMSa FUTURES 262.60 (+0.30) MARKETS Thursday Change IPSE COMP 896.04 -2.26 NIKKEI 225 11.***** +0.50 HANG SENG 13.833.53 -80.77 SET INDEX 687.16 -031 JAKARTA COMP 1.125.759 +6.180 MANILA COMP 1.999.60 +7.16 SEOUL COMP 1,003.14 +1.20 SHENZHEN
    139 words
  • Page 1 Advertisements

  • TOP STORIES
    • 340 2 But some regions reported rising costs for fuel, building materials Reuters [WASHINGTON] US business activity continued to expand from mid-April through May, and overall price pressures were moderate, although some regions reported rising costs for fuel and building materials, the Federal Reserve
      Reuters  -  340 words
    • 446 2  -  By ALEXANDRA HO [SINGAPORE] The next stage in the bidding process for Singapore's two integrated resorts with casinos has been put back by up to three months, it was announced .t/V The Singapore toupism Board (STB) quest for Proposals (RFP) the final invitation
      446 words
    • 604 2 DBS gains foothold in India's consumer finance market SINGAPORE'S biggest bank, DBS Group, is stepping up its presence in India's consumer market. It's buying a 37.5 per cent stake in Cholamandalam Investment Finance, a part of India's Murugappa Group, for up to $87 million. Cholamandalam has 120 locations
      604 words
    • 667 2 Sime's withdrawal from venture shows issues need to be resolved, lest investors get the wrong signals, says RONNIE LIM Malaysian conglomerate Sime Darby's withdrawal from a Singapore power plant venture must surely set alarm bells ringing. Something must be done and quickly to
      667 words
  • Page 2 Advertisements
    • 29 2 TELECOM TITAN MB Sunil Bharti Mittal had an unshakeable belief in the future of telecommunications) and brought that future to India. In Raffles Conversation tomorrow H IF/ ■fly WSk
      29 words

  • Page 3 Advertisements
    • 48 3 your Dream Future World Best I 'V% i'/•v \t .v- "v.- V >, I v A •<. 5 i vfti". V' 5 t i w jj. *'■>„ 4 •*<« ■M, ;Al, jP 1 •Mmi' J i «£M3- a a»g^KsgSM^^^BWl. HI f Eg^"^s=3MSaML'»l^^ME^^sMßilssslMM|^Sl[^Bß» w^Wwi^fciViil2^T9K^BKßlßyEF^u(^^^^| I i i J pft BBr ■K.
      48 words

  • COMPANY NEWS
    • 362 4  -  It teams up with Murugappa group to provide retail financing services By ALEXANDRA HO SINGAPORE'S biggest bank, DBS, is increasing its presence in India's consumer market by buying a stake in Cholamandalam Investment Finance, a part of India's Murugappa Group, for up
      362 words
    • 541 4  -  HOCK LOCK SIEW By ALEXANDRA HO THE luxury watch industry here has long been a cosy club. It's dominated by three major players: Cortina Holdings, run by the Lim family; The Hour Glass, the vehicle of the Tays; and Sincere Watch, held by another
      541 words
    • 291 5 INVESTORS snapped up Fortune Reit's private placement new units on Wednesday—with a subscription rate of about four times prompting it to close the order book within the same day of the offer. And the 12 million units under its ATM offer launched
      291 words
    • 545 5  -  REITS Offer priced at $1.50 per unit; analysts fear fall in market price Reports by KALPANA RASHIWALA TEMASEK Holdings is selling a 29.5 per cent stake in Capita Commercial Trust. The move nearly doubles the property trust's free float to about 60
      545 words
    • 373 5 ASCENDAS, the group behind Ascendas Real Estate Investment Trust or A-Reit, has launched a private property fund holding IT parks in India. The fund will have an initial portfolio of $350 million with an eventual $800 million target over its seven-year
      373 words
    • 416 6  -  It was named service provider of the year in Asia-Pacific By RAJU CHELLAM SINGAPORE Telecommunications was the republic's sole winner at the Frost Sullivan (F&S) Asia-Pacific Technology Awards that also saw 22 other companies being recognised in a range of technology categories. The
      416 words
    • 232 6  -  By ARTHUR SIM PROPERTY developer and construction company Low Keng Huat (LKH) has divested its interests in three hotel properties in New Zealand. The deal involves LKH's wholly owned subsidiaries, Burnet Investments and LKH International, selling their entire stakes in four
      232 words
    • 366 6  -  IPO WATCH By CHLOE CHOY, QUAK REN FANG BAN Leong Technologies which yesterday launched its initial public offering of shares at 22 cents each said that further regional expansion and possible joint ventures are just some of the plans that the company
      366 words
    • COMPANY BRIEFS
      • 62 6 AS part of internal corporate restructuring, ARA Trust Management (Suntec), manager of Suntec Reit, has appointed chief operating officer Yeo See Kiat acting CEO. Mr Yeo takes over from Quek Kar Tung, who re-assumes his role as the ARA Group's director of business development.
        62 words
      • 46 6 THAILAND'S True Corporation has awarded a US$5 million contract to mainboard-listed Datacraft. The contract covers the design and implementation of a nationwide Internet Protocol (IP) MuKi Protocol Isabel Switching (MPLS) network forTrue's portfolio of broadband, wireless, cellular and wireline telephone services.
        46 words
      • 38 6 INTKRRA Resources has appointed Steven Lwi Tong Boon as its new chief financial officer. Mr Li. who joined the company in August 2003 as group financial controller, will also sit on Interra's board.
        38 words
    • 5005 6 UNIT TRUSTS FUNDS Citi Global Healthcare Fund 0.97/ Citi Gib Fin Srvcs Fund '05/ ABH Amro Asset Mgt (S'por.) ««S^P^ZZZZZZII,™ Star Europe Eqty! 0.79V S B Sel Gib Bus Ldrs Ptfl 03(USD) 1.1766/ Star Europe Bond 217 C(t)bood S pore Class Y 0.977/ Star Eif ope Bal 1.097 s B
      5,005 words
    • 522 7 Co-CEO says all instruments have been unwound and no more surprises are in store Reuters TOTAL Access Communication pel (TAC), Thailand's second-largest mobile operator, said on Wednesday its net profit growth would slow in 2005, after being hit by losses from derivative contracts. TAC
      Reuters  -  522 words
  • Page 4 Advertisements
    • 207 4 1 i,.. II 1 J? y li :i 11 -3,BAN LEONG TECHNOLOGIES LIMITED II *%<? (Incorporated in the Republic of Singapore on 18 June 1993) |l I We are a -technology-driven specialist 111 I distributor of multimedia and data storage 111 products as well as IT accessories. 11l /I H
      207 words
    • 775 4 Call toll-free 1800 289 8822 IN THE MATTER OF IN THE MATTER OF THE COMPANIES ACT, CAP. 50 THE COMPANIES ACT, CAP. 50 AND AND IN THE MATTER OF IN THE MATTER OF LITE-ON INTERNATIONAL MERIDIAN PETROLEUM PTE. LTD. BUNKERING PTE LTD Reg No. *****4273 C Re 9 No. *****3976
      775 words

  • Page 5 Advertisements
    • 448 5 Notices IN THE MATTER OF THE COMPANIES, CHAPTER 50 AND IN THE MATTER OF NTT INVESTMENT SINGAPORE PTE. LTD. (Reg. No. *****3791H) (MEMBERS' VOLUNTAS WINDING UP) At an Extraordinary General Meeting of the members of NTT INVESTMENT SINGAPORE PTE. LTD. Held on 8 June 2005 the following resolutions were duly
      448 words
    • 703 5 MACOUAME 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 CITY DEVELOPMENTS LIMITED ISSUED BY MACQUARIE BANK LIMITED (CITYDEV MBL ECW*****1); AND (2) ALL
      703 words
    • 531 5 oNORT H E R N S* <M)Mft|' j|«|HA 4& This Father's Day, get your Dad the ergonomically-designed recliner from Northern Comfort. Northern Comfort has both form and function that delivers the ultimate sitting experience. It provides both comfort and support to your body. Northern Comfort® collection offers a range of
      531 words


  • Page 7 Advertisements
    • 257 7 CYBER RELAX V series f* f!'--^^ »H MV Ji > •> mSKJSm. -> K::'i Jlu^v ;.'.V B--°..: •> v g^j^ yj ?>" HIGHLY INTELLIBENT/Ai4i«rNGLY INTUITIVE. SKILFUL TD THE TOUCH LIKE THE TRAINED HANDS OF A MASSAGE THERAPIST. The new VGO VlO cyber relax series clearly sets the new benchmark in
      257 words

  • SINGAPORE MARKETS
    • 549 8  -  STOCKS DBS and OCBC plunge sharply while CityDev, SingLand and KepLand rise in response to CLSA report R SIVANITHY Senior Correspondent BANKS took a hit yesterday while property stocks perked up, both apparently in response to a CLSA Asia-Pacific Markets report which expressed
      Source: Bloomberg  -  549 words
    • TRADES TO WATCH
      • 397 8 AFTER a series of transactions, Arisaig Asean Fund Limited and Arisaig Partners (BVI) Limited have ceased to be substantial shareholders in First Engineering Limited. The firm makes ultra precision moulds and plastic components. Arisaig Asean and Arisaig Partners pared down their
        397 words
      • 95 8  -  Compiled by EDDIE TOH, ALEXANDRA HO FLEUR Enterprises has seen its deemed interest in Interra Resources fall to 8.52 per cent from 13.71 per cent. The change followed the transfer of a block of 10 million shares in Interra to Macquarie Bank
        95 words
    • Article, Illustration
      437 8 OTHER SINGAPORE INDICES Jun 16 VALUE CLOSE BT OB/OS 459.00 -66.00 BTCAPI -*****.00 -1.00 BT 10-day MA -*****.00 +46.00 All-SG Equities 562.69 +1.02 SG Equities Elect 139.77 unch SG Equities Fin 1568.14 -14.34 SG Equities Prop 552.90 +5.52 SIMSCI 261.88 -0.07 SiMSCI Futures 262.60 +0.30 MOST ACTIVE STOCKS VOLUME Man
      437 words
    • Article, Illustration
      857 8  -  Compiled by JOYCE KOH SembCorp Industries June 16 close: $2.57 JP MORGAN, June 15 WE are raising our June 06 price target for SembCorp Industries (SCI) from $2.46 to $2.96 to reflect our target price upgrade for SembCorp Marine from $2.54 to $2.84. Our new target price also
      Source: Bloomberg  -  857 words
    • 525 8  -  CURRENCIES LARRY WEE Senior Correspondent SOFTER than expected US data overnight saved the euro from a third consecutive attempt to push it below the key US$l.2O marker, but it was really the commodity-related currencies which put on the best show yesterday. We are already
      Source: Reuters  -  525 words

  • SINGAPORE NEWS
    • 368 9  -  Coverage also rises with little change to current premiums: MOH By LIZA LIN PRIVATE insurance companies are prepared to incorporate the changes made to MediShield in their policies, the Ministry of Health (MOH) said yesterday. In a statement, MOH said four insurers
      368 words
    • 495 9  -  By RAJU CHELLAM COMPUTER giant HewlettPackard Company has set up a high-end research facility in Singapore to work on low-cost technologies that will be used to design and manufacture computer servers for sale worldwide. HP said it will invest US$l2 million over
      FILE PHOTO  -  495 words
    • 527 9  -  Economists expect NODX to rise 3.9% from the month before By CHUANG PECK MING AFTER a strong start in the second quarter, Singapore's export growth last month may have lost some of the early momentum. Economists polled yesterday said they expected
      527 words
    • 247 9 COME year-end, vehicle owners will have to fork out between half a cent and six cents more per litre of diesel, as the National Environment Agency (NEA) has decided to make adoption of ultra-low sulphur diesel compulsory from Dec 1. NEA director-general
      247 words
    • SINGAPORE ROUNDUP
      • 79 9 BBC Prime the BBC's international entertainment channel will be made available to viewers in Singapore through Starhub Digital Cable by the third quarter of this year. BBC Prime offers quality entertainment, with a wide range of programmes that cut across all genres. Some
        79 words
      • 90 9 THIS year a record number of entries over 150 local brands will vie for the Singapore Promising Brand Award (SPBA) 2005 jointly organised by the Association ofSMEsand Uanhe Zaobao. The competition, in its fourth year, is expected to heat up as 20 of these
        90 words
      • 54 9 THE Public Utilities Board will call for tenders today to upgrade Choa Chu Kang Waterworks, which supplies potable water to the western part of the island. The project involves the modifying of the water treatment process and the replacing of ageing equipment. Bidders can bid through
        54 words
    • 495 9 SHOP tenants in seven run-down areas will soon have to decide whether to quit or stay put. Many will decide to go, in which case they will be given $60,000. Under the new Restructuring Programme for Shops, tenants in blocks along Sunset
      495 words
    • 458 9  -  By ANNA TEO MORE instances of delays in refunds, late payments, overpayments and other lapses to the tune of over $80 million have been unearthed in ministries and statutory boards, according to the latest report of a parliamentary watchdog committee. The Public Accounts
      458 words
  • Page 9 Advertisements
    • 848 9 Call toll-free 1800 289 8822 VOLKSWAGEN FINANCIAL SERVICES SINGAPORE LTD. *****,000,000 MULTICURRENCY DEBT ISSUANCE PROGRAMME SERIES NO. 004 5535,000,000 GUARANTEED FLOATING RATE NOTES DUE 2007 Pursuant to Condition 15 of the Notes, notice is hereby given that for ihe Interest Period beginning on 17 June 2005 and ending on (but
      848 words

  • ECONOMY WATCH
    • 671 10 Revamp of risk management systems in effort to meet global standards Reuters [BEIJING] China's banks are revving up for a spending spree tipped to top US$l billion as they overhaul communist-era risk management systems in a bid to convince global investors they are
      Reuters  -  671 words
    • 409 10 Problem lies in refining, says Libyan minister Reuters [VIENNA] Opec ministers yesterday said a capacity crunch on crude supplies and refinery bottlenecks meant its latest deal on higher output limits was unlikely to cut oil prices. Speaking after a meeting of the
      Reuters; REUTERS  -  409 words
    • 477 10 LATEST US DATA Reuters Bloomberg [WASHINGTON] US housing starts rose in May. but fell shy of expectations, while a separate report yesterday showed the number of Americans filing new claims for unemployment benefits edged higher. May housing starts increased 0.2 per cent to
      Reuters; Bloomberg  -  477 words
    • 749 10 Reuters [BRUSSELS] Political pressure on the European Central Bank to cut interest rates grew on Wednesday when finance ministers demanded a bigger say in policy decisions as the euro zone economy struggles. But ECB President JeanClaude Trichet defended the central
      Reuters; BLOOMBERG  -  749 words
    • 417 10 Reuters [BEIJING] China's fixed-asset investment for May grew 28.2 per cent from a year earlier, a higher-than-expected figure that may call into question efforts to rein in spending on property development, roads and factories. The median forecast of five economists polled by
      Reuters  -  417 words
  • Page 10 Advertisements

  • MALAYSIA/INDONESIA
    • 460 11 But it may shelve sale of M'sian expressway unit if price is not right Reuters [KUALA LUMPUR] Malaysian plantation and property group Kumpulan Guthrie Bhd said it was close to listing an Indonesian unit to cut debt but might drop the planned sale
      Reuters  -  460 words
    • 264 11 AFP [JAKARTA] Health authorities yesterday reported Indonesia's first human case of bird flu, saying a farm worker had tested positive for the disease that has killed 54 people in Southeast Asia. Tests in Hong Kong found the worker, from South
      AFP  -  264 words
    • NOTE BOOK
      • 79 11 Reuters [MUMBAI] The president of Intel India, the local subsidiary of the world's largest computer chip maker, said yesterday that no decision had yet been made on building a plant in India. "We're still in the evaluation process," Ketan Sampat said
        Reuters  -  79 words
      • 87 11 AFP -r [JAKARTA] ConocoPhillips, the third largest US oil producer, is considering giving up its concession on a gas field in restive Aceh province due to security concerns, a report said yesterday. The Bisnis Indonesia newspaper quoted unnamed company sources as saying the
        AFP  -  87 words
      • 81 11 AP [KUALA LUMPUR] Malaysia urged the Islamic Development Bank (IDB) yesterday to set up an Islamic bond to fund infrastructure development in poor Muslim nations and foster greater economic integration, a report said. Prime Minister Abdullah Ahmad Badawi, who chairs the
        AP  -  81 words
      • 84 11 Reuters [KUALA LUMPUR] Brunei has offered a slice of its gas reserves and made a key pricing concession to pave the way for a methanol project worth almost US$3OO million, sources said. Brunei's government has earmarked 0.5 trillion cubic feet (tcf) of gas
        Reuters  -  84 words
      • 44 11 Bloomberg [HONG KONG] Billionaire Stanley Ho's Melco International Development Ltd may spend as much as HK$2lO million (5545.2 million) to add seven slot-machine outlets in Macau by end-2006, aiming to attract budget gamblers from China. Bloomberg
        Bloomberg  -  44 words
    • 374 11 Bloomberg [JAKARTA] PT Bank Negara Indonesia, aiming to boost consumer lending, may buy a smaller rival and become the nation's sec-ond-largest bank, chief executive Sigit Pramono said. Bank Negara, Indonesia's third-biggest bank, has proposed a takeover of PT Bank Tabungan Negara
      Bloomberg; BLOOMBERG  -  374 words
    • 495 11 [KUALA LUMPUR] Former Ban Hin Lee Bank Bhd chairman and CEO Goh Eng Toon and his family are believed to be Salcon Bhd's new major shareholders, says a report in The Star. citing sources. Mr Goh is thought to own 33.3
      495 words
  • Page 11 Advertisements
    • 50 11 i. 1 Diners C'lul> C'.irtl I <•> 0 l )80 Where to wine, dine and entertain... '/'"A"'" /(ff////'*f/ '///(f t ,tr' > /n/ft/r,-"■ //■■'> jikv D A F fl. E .1 MARIN 1(1 Tua.- Wm [lrnc SAIK-KM Id <,XM x'kxi I .< I K Email iiho) r.itllesni.inna com Wvh Siii-
      50 words
    • 116 11 Singapore Heritage Street Fare Featuring Back To The 60's Hawkers' Food For Brunch High Tea Every Saturday, 11.30 am to 4pm Remember the good ol' days when Beach Road was once famous for Its delightful hawker fare? Cafe Plaza now brings back these nostalgic heritage flavours every Saturday. Enjoy local
      116 words
    • 96 11 Introducing Majella The Musician "Manila is undoubtedly the finest wins In ths Coonawarra."- Robert Parker Jnr "Majella...Absolute blus chip In ths making." Langton's Australian Fins Wins Guids "Majella is onsof Coonawarra's bsst winss" Jamas Halliday "Majella...Their winss simply reflect soms grsat fruit." Jeremy Oliver "Doss it llvs up to the
      96 words
    • 95 11 V;»hir ill M» urn |irr ifrm Mis I I'rrr rlioirr of rot tVWlr;i/sofl<li'iiil«s Menu Nasi Goreng t 9 Hainanese Chicken Rice Katsu Don K Kampong Fried Rice Sliced Fish Thick Beehoon Soup Singapore Laksa Fried Thai Style Kway Teaw (Pahd Thai) Grilled Chicken with Prata Bread Cordon Bleu Supreme Hainanese
      95 words
    • 113 11 60 Reasons To Feast Again Savour delectable dishes in our popular '60 Dishes Deluxe Feast' such as Braised Shark's Fin Soup with Crabmeat. Shredded Pork with Garlic 8c Chilli Sauce, Chengdu Diced Chicken with Spicy Bean Paste and many more. Lunch: Adult $30.80, Child $19.80 (Sat, Sun Public Holiday) Dinner:
      113 words

  • GREATER CHINA
    • 981 12 CHINA STOCKS Shares attract applications worth HK$115.7b-5th most popular IPO Reuters. AP [HONG KONG] Bank of Communications Co Ltd (BoCom) attracted orders for about 155 times its initial public offering (IPO) shares on offer to retail buyers, making it one of the most popular
      Reuters.; AP  -  981 words
    • 417 12 Reuters. AFP [SHANGHAI] China's central bank issued rules yesterday on the listing and information disclosure of a much-awaited loan securitisation programme, a scheme that would enable creaky state lenders to clean up their balance sheets. The rules supplement earlier regulations, which Beijing unveiled after authorising in
      Reuters.; AFP  -  417 words
    • 221 12 AP [SHANGHAI] China's central securities clearing house, the Securities Depository Clearing Corp, is facing a possible financial crisis due to the huge debts owed to it by ailing brokerages, a report said yesterday. The state-owned clearing house has recorded losses totaling more than 100 billion
      AP  -  221 words
    • 2301 12 VOl General Corp ....0.42 -0.01 149 Mil W- C000) Genting 18.S0 -0.10 678 George Kent.. .0.70 -0.01 37 AAMRealty 1.55 unch 9 GHLSysterre .0.25 -0.01 678 Abric -037 -0.01 271 Globetronks Tech 0.45 0.02 1287 ACPIndustries .0.75 -0.03 88 Glomac Bhd 1.48 0.03 458 Advance Synergy
      2,301 words
    • 209 12 Reuters [BEIJING] China's top banking regulator has urged supervision departments within major state-run banks to step up checks on their operations in the second half of the year to help cap a rising trend of financial crime. China Banking Regulatory Commission (CBRC) head
      Reuters  -  209 words
  • Page 12 Advertisements
    • 183 12 lb advertise call toll-free 1800 289 8822 Eawil: aotic— NOTICE OF MEETING FUNAI ASIA PTE LTD (In Creditors' Voluntary Liquidation) Company Registration No. *****5658W TAKE NOTICE that a meeting of creditors in the above matter will be held at 16 Raffles Quay, #22-00 Hong Leong Building, Singapore *****1 on the
      183 words
    • 171 12 IN THE MATTER OF THE LAND TITLES (STRATA) ACT (CAP. 158,1999 ED) AND IN THE MATTER OF THE MANAGEMENT CORPORATION STRATA TITLE PLAN NO. 1359 (In Voluntary Liquidation) NOTICE IS HEREBY GIVEN that the creditors of the abovenamed management corporation which is being wound up voluntarily are required on or
      171 words
    • 193 12 IN THE MATTER OF THE COMPANIES ACT CAP. 50 AND IN THE MATTER OF GRACE COMMUNICATIONS PTE LTD (IN CREDITORS' VOLUNTARY LIQUIDATION) (Company No: *****0762W) FINAL MEETING NOTICE IS HEREBY GIVEN, pursuant to Section 308 of the Companies Act, Cap. 50, that the FINAL MEETING of the members and of
      193 words
    • 197 12 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF TOURACOS PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) Co. R«g. No. *****6967G NOTICE IS HgREBY GIVEN pursuant to Section 308(1) of the Companies Act, Cap. 50, that a Final Meeting of the Members of the abovenamed Company
      197 words

  • INDIA
    • 399 13 [MUMBAI] The Hindujas appear to be closing in on the beleaguered carmaker Fiat India, the Times of India reported. The group is said to be in advanced stages of negotiations with the Italian parent. "Talks are on between the Hindujas and Fiat to buy
      399 words
    • 527 13 Poor rainfall will dampen rural spending, earnings and capital inflows [NEW DELHI] To the outside world, India's economic growth model might seem dependent largely on world-class software and all-night call centres. But every June, it is reminded of the continuing importance of agriculture to
      AP  -  527 words
    • 210 13 Reuters [MUMBAI] Indian mutual funds must shed their reliance on corporate clients and focus on retail investors to expand as a rapidly growing economy boosts household incomes across the country, industry experts said on Wednesday. Retail investment makes up only 35 per
      Reuters  -  210 words
    • 701 13 Reuters [NEW DELHI] India aims to promote its remote and unspoilt Andaman islands as an exclusive high-end ecotourism destination, partly in a bid to rebuild the islands' economy after last year's tsunami. The Andaman islands, covered in rainforest and palm trees
      Reuters  -  701 words
    • 119 13 Reuters [MUMBAI] The Indian Cabinet yesterday cleared a proposal to allow foreign funds to buy shares in Indian news publications, but maintained a ceiling for foreign firms and foreign funds at 26 per cent, the information minister said. India lifted a half-century-old ban in
      Reuters  -  119 words
  • Page 13 Advertisements
    • 1036 13 KA Bangkok Bank Public Company Limited (INCORPORATED IN THAILAND) Consolidated Balance Sheet Consolidated Statement of Income As at December 31,2004 For the year ended December 31,2004 2004 Assets 2004 BAHT C* *****j0i0£ Interest and dividend income 7nq Interest on loans 35,682,829,709 Interbank and money market Hems lnterest 011 interbank mone
      1,036 words

  • ASIA-PACIFIC/WORLD
    • 474 14 Disclosures are so complex that many investors ignorant of balance sheet Reuters. Bloomberg [WASHINGTON] Financial reporting by corporations needs to focus more on communicating with investors and less on "just compliance with the rules," the US Securities and Exchange Commission said on Wednesday.
      Reuters.; Bloomberg  -  474 words
    • 329 14  -  By ANTHONY ROWLEY in Tokyo A NEW anti-bacterial coating that can help fight the spread of severe acute respiratory syndrome (Sars) has been discovered by Kobe Steel (Kobelco), one of Japan's leading steelmakers and producers of metal products. It claiiped yesterday that it had discovered the
      329 words
    • 379 14 AP [ROCHESTER, New York] Ending a century-old tradition, Eastman Kodak Co will soon stop making black-and-white photographic paper, a niche product for fine-art photographers and hobbyists that is rapidly being supplanted by digital-imaging systems. Kodak said on Wednesday it will discontinue production
      AP  -  379 words
    • 679 14 Reuters [LONDON] Rupert Murdoch, the media mogul blamed for sweeping British newspapers off Fleet Street, returned to the London thoroughfare on Wednesday to read the last rites at a ceremony tinged with nostalgia and irony. The afternoon event at the journalists'
      Reuters; AFP  -  679 words
    • 311 14 Few workers in low-wage nations have required skills [LONDON] Growth in outsourcing of service jobs from rich countries is likely to be constrained because only one in seven workers in low-wage nations has the skills needed to work for multinationals, reported the Financial Times,
      311 words
    • 262 14 [TOKYO] Japanese companies last year raised more money than they spent on repaying debt for the first time in nine years a sign that corporate confidence in the country is rising, according to a report in the Financial Times. Excluding financial institutions, companies raised
      262 words
    • 233 14 AP [TOKYO] Railroad and hotel magnate Yoshiaki Tsutsumi pleaded guilty to charges of insider trading and falsifying financial records at the opening of his trial at the Tokyo District Court yesterday, Kyodo reported. Tsutsumi, 71, was once listed by Forbes as the world's
      AP  -  233 words
  • Page 14 Advertisements

  • WORLD
    • 636 15 Justice Dept says online gambling runs foul of three American laws [LONDON] London's biggest stockmarket flotation for years has been overshadowed by advice from Washington that the four dotcom millionaires behind the venture risk arrest and prosecution in the United States, says a
      636 words
    • 173 15 AFP [TOKYO] As mobile phones turn ever more into fashion accessories, a Japanese company is offering "costumes" to let users dress up their gadgets as everything from a little bull to a slice of cheese. Vodafone KK, the Japanese arm of British mobile phone giant
      AFP  -  173 words
    • 227 15 Reuters [NEW YORK] Pfizer Inc. the world's biggest drugmaker, yesterday agreed to buy Vicuron Pharmaceuticals Inc for US$l.9 billion in cash, in a move to broaden its lineup of anti-infective products. Under the agreement, New York-based Pfizer will pay U5529.10 in cash
      Reuters  -  227 words
    • 376 15 Contracts include rights to Mr Felt's post-FBI memoirs NYT [NEW YORK] Universal Pictures and Public Affairs have agreed to pay close to US$l million to buy the film and book rights to the life story of W Mark Felt, people involved in
      NYT  -  376 words
    • 656 15 Bloomberg [ATLANTA] AT&T Corp, the No 1 US long-distance phone company, plans to install WiMAX equipment in Atlanta to conduct the largest-ever test of a technology that blankets whole cities with Web access. The company, which is being bought by SBC Communications
      Bloomberg  -  656 words
  • Page 15 Advertisements
    • 108 15 t" wm AM great companies were once startups. I.Ars vou a startuo that "-''dB vW' ■■■JPBPP«•' Nominations for the IfcMßßlli 2005 eso.startup awards 2005 are now open Recognising Singapore's New Enterprises To be eligible, a company must: be a privately-held enterprise be under 5 years old (from date of incorporation)
      108 words

  • AVIATION
    • 765 16 PARIS AIR SHOW IndiGo order for 100 A320s brings to US$13b Indian deals at Paris show Bloomberg. Reuters [LE BOURGET, France] Airbus, the world's largest aircraft maker, won an order for 100 single-aisle A 320 planes valued at US$6 billion from
      Bloomberg.; Reuters; REUTERS  -  765 words
    • 1997 16 CITY FLIGHT ETA HJCHT UP SK973 1900 Darwin AF8087 1850 Adelaide AF8087 1850 LH9770 2300 BA Z|S1 |£9 BA7381 1850 SQ229 2300 QF81 1850 Davao Ml588 1835 MI588 0640 Ahmedahld SQ443 0830 Delhi S2081 0630 S2082 0900 Amsterdam SQ323 0620 AF8384 2255 5 .9£°? 92i| jfSfl
      1,997 words
    • 297 16 AP, Bloomberg [LE BOURGET] Airbus should not be barred from bidding for US military contracts despite the transatlantic fight over plane subsidies, Boeing Co chairman Lew Piatt said on Wednesday. Asked whether Airbus subsidies were a reason to exclude the company
      AP,; Bloomberg  -  297 words
    • 399 16 AFP [BEIJING] China's aerospace sector is considering building its own large aircraft with a capacity of between 150 and 200 passengers to serve its rapidly growing market, state media said. China has the capability of building an indigenous 'trunk-liner' of
      AFP  -  399 words
    • 333 16 Bloomberg [BERLIN] German cartel regulators searched the offices of TUl's Hapagfly, Thomas Cook's Condor and two other charter air carriers, charging that the businesses jointly cancelled contracts with travel agencies. The companies' employees cooperated with the searches, the Federal Cartel Office
      Bloomberg  -  333 words

  • SHIPPING
    • 657 17  -  It's seen preparing to reposition itself into a car carrier fleet By VEN SREENIVASAN THH "shrewd sale" of two more of its multi-purpose bulk carriers for some $49 million boosts Singapore Shipping Corp Ltd's (SSCL) cash hoard further as it seeks to reposition itself
      657 words
    • 405 17 AFP. AP [KUALA LUMPUR] Malaysian police have arrested two crewmen from a tanker which was hijacked by pirates earlier this week, saying they believed it was an inside job, according to reports yesterday. Ten Indonesian pirates boarded the tanker off Malaysia's Langkawi island on
      AFP.; AP  -  405 words
    • 746 17 Bloomberg [LOS ANGELES] The California ports of Los Angeles and Long Beach, adjacent harbours that form the busiest shipping point in the US, this year will probably reduce the delays that last year left cargo sitting on ships as many
      Bloomberg; BLOOMBERG  -  746 words
    • 292 17 SGX '000 J—16 W \W CH Offshore .0.37 0.01 709 ChuanHup .0.76 unch 1358 Cosco Corporation 1.88 0.02 3652 CWT Distribution .0.69 -0.01 30 Ezra Hldgs 1.19 -0.02 256 Freight Links 0.08 unch 12 Grand Banks Yacht .0.96 0.03 5 Java Holdings 1.09 unch 441 K1 Venture..- .0.27
      292 words
    • 1013 17  -  ADMIRALTY CASEBOOK By SELVA KUMAR AN AUSTRALIAN appeals court has set aside a judgment in which a plaintiff was awarded almost A 5300,000 (*****.173) after she tripped on a coaming (raised edging to keep out water) at an entrance door of a cruise
      1,013 words
    • 237 17 Reuters [OSLO] A key shareholder in Norwegian familyowned shipping group Bergshav Shipholding rejected a takeover plan by Norwegian oil tanker operator Frontline on Wednesday. "My shares are not for sale," chairman Atle Bergshaven said of the approach by Frontline, the world's biggest independent oil
      Reuters  -  237 words
  • Page 17 Advertisements
    • 61 17 INVITING SHIPPING CLERK AT FOLLOWING PARTS, 2 years axperence in shipping company Knowledge of chartering of ship Knowledge of operation of ship 2 years experence in shipping trading company Knowledge of import export bank document Common R*qulwm«iit« Speak fluent English I Mandarin J If you meet all the requirements, send
      61 words

  • EDITORIAL & OPINION
    • 512 18 EDITORIAL A COUPLE of months ago, it would have been easy to spot pundits insisting that the Chinese yuan would be revalued in the first half of 2005. Now, with the end of June around the corner, those voices have gone silent, market
      512 words
    • 762 18  -  THE BOTTOM LINE AL R DIZON ALL is forgiven. All the debts have been paid. There was a certain biblical ring to it as the G-8 finance ministers meeting in London decided to meet the full cost of writing off some US$4O
      762 words
    • 1283 18  -  Public Bank is one of the best managed in Malaysia, and just keeps getting bigger S JAYASANKARAN KL Correspondent IF you'd bought 1,000 shares of Public Bank in 1966 and held on, you would have received close to RM300.000 (Ssl 32,000) in dividend payouts while
      1999 FILE PHOTO  -  1,283 words
    • 182 18 'I'm not suggesting pulling out tomorrow or next month but I want that to be an option. I don't want us to spend an eternity in Iraq.' Howard Coble, a US congressman who once favoured invading Iraq, now calling for the Bush administration to set specific goals
      182 words
    • 1351 19  -  People today want a utilitarian Europe that delivers useful benefits: jobs, a clean environment, foreign policy success By KATRIN BENNHOLD IHT AS European leaders gathered in crisis mode to assess the state of the Union, the real question, senior analysts and policy
      IHT; REUTERS  -  1,351 words
    • 1000 19  -  By DAVID LEONHARDT, MOTOKO RICH NYT US homeowners have made a trillion-dollar bet that mortgage rates will remain near record lows for at least a few more years. But with some interest rates already rising, economists worry that the bet could turn bad. The problem
      NYT  -  1,000 words

  • Page 19 Advertisements
    • 361 19 LETTERS TO THE EDITOR SATURDAY SOAPBOX Throw off the shackles' of misplaced shame ad luck is just bad luck; seeing it as less dishonourable to be nothing tgj>e of. unemployed than to wojj^n^lowWe reproduce below, readers' responses to the Saturday Soapbox column by BT senior correspondent Siow Li Sen No
      361 words

  • 10055 20 SGX MAINBOARP 52-Wk Tal Last Vol Day Last Quota GrDiv Mv GrVM Nat MCap High Low Coda Company Sala fOOO) High Lout *uyr SaBar Cvr P/t fcw* 12 3 5716 1st Software 5c 4 unch 339 4.5 4 4 4.5 16.2 34.5 13.5 3148 8TelecomUS2c 16 unch 860
    10,055 words

  • 6000 21 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES M laui «*r la M I" US$ %Ay H r> <«V *V Am 15 Iwdw Ogg BSBg Q*w Chang* Owg SSSB Wartj iixtofteliminafy 8MtO -02 13 -02 0.7 00 -1.7 I EAJt Preliminary 8102 -Oil 43 0.1 43 03 -33 Europe Preliminary *****
    6,000 words

  • Page 22 Advertisements
    • 1278 22 j?!® I I 111 D f ~*fc iHHsnr i i I NYK GROUP SOUTH ASIA PTE LTD Iff 1\ V7VV Ml>C V TEL *****123 Vf/'A IV A AIINE A 3 XI LINE Fax: 6292 2856 (Regional sales) 6239 7109 (OPS)/ 6299 5785 (Documentation) NIPPON YUSEN KAISHA TOKYO KWWU KASHA. ITO.
      1,278 words
    • 820 22 IfrjWRASIA RORO SERVICE vissa/vor rawed hbghud wg km m 5 jw SIMITSVEimiKn/DS IS 3.2 23/05 26/05 01/06 04/06 06/D6 STMnSVENTUK 12/05 15 3.2 01/06 11/06 STMTS VEMTUKI3/05 15 3.2 11/06 21/06 26/06 21/06 01/07 [AUSTRALIAN RORO SERVICE j VBsa/yor mrgi) hbghtwl in |a ib std m m wiswiio (OI.UMIIA LEADER
      820 words

  • Page 23 Advertisements
    • 1162 23 mim. HAMBURC^^SUD AUSISERYKI (EXPORT) ETA JB SIHCfIPQRE IRIS»AHE SYDNEY MELBOURNE ADELAIDE SINCAPOtI HISUW STPNPf MBJOUmt ADCUiOE SCOTIA 018S 18/06 27/06 29/06 02/07 05/07 StOTUOHS 15/07 25/07 27/07 30/07 02/0»~ CAI YUM HE QMS 24/06 04/07 06/07 09/07 13/07 tAI YUM HE MIS 22/07 01/01 03/01 06/08 W/W CAPAGUIIAKIOSS 01/07 11/07
      1,162 words
    • 1197 23 VESSEL VOY SIN JKT HKG[KHH|INC KYH PUS VESSEL YOY SIN JKT SUB HK6 USN PUS HY PROGRESS 097S 23/6 25/4 30/4 2/7 4/7 4/7 4/7 KMTC PORT KELAWG SMS 19/6 22/4 23/6 28/6 2/71 3/7 HY MIDGE 094S 30/4 2/7 7/7 1/7 11/7 1 3/7 1 3/7 KMTC SINGAPORE 509S
      1,197 words
    • 966 23 w WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICQ POINTS vtssa voy sm p.klang coionno n.swva cotomo PACIFIC QUEST 0007W 13 JUN 14JUN 17JUN 20 JUN 23 JUN KOIA PtKWIKA YPWOtS 20 JUN 21 JUM 24 JUM 27 JUN 31L11U1 IMDIIA GANDHI 0094W 27 JUH 28
      966 words

  • Page 24 Advertisements
    • 1090 24 IHJUI# WALLENIUS WILHELMSEN website: http://www.2wglobal.com VKSa "VOT KAMP HBGHT SIM IK ~j*o~ HOW MIA SAY BAI ~oir~ NYC ~NIW *08 TAMO AFSI6 4201 MS 6.4* 11/06 11/07 20/07 24/07 29/07 27/07 30/07 TARONGA AfSIS 3201 ms 6.25 M 20/07 10/01 19/08 24/01 30/01 21/01 TAMPERE Afsl9 4001 m 6.30 M
      1,090 words
    • 1493 24 Vtssa VOY SM PGII VBSB VOY SI JKT PACIAHDA 1492N 15/0* 16/06 MX MUM 9903 16/06 10/06 Of 2301 0134? 16/06 10/06 Zg/g* PACIAHDA 1493N 17/06 17/06 L LJ»? M |_»/M PACMWPA MMi i>/06 iyo6 —^TT^HITTHTTTUM^^B JSU2OJ 0132 liZB* 28/06_ "'"LU' *****1 y |lM 2ACUMM MM* 11/06 JO/06_ g»„, g
      1,493 words
    • 697 24 BSA -i o ~T MYANMA ■H FIVE STAR UNE (Myamar Nattaral Um) Loodiij for Yaigoi vesa voy sin PU PEN PGU PAGAN 346W SID HPA-AN 33m IN MAIAYSIA: lOUSTEAD SHIPPING AGENCIES KIR/PKL 03-*****384 PEN: 04-*****15 ACCEPTING CONVENTIONAL CGO VESSEL VOY HKG SIN PGU PU KUC LION HEART 133 SLO SU>
      697 words

  • THE BUSINESS TIMES SHIPPING TIMES
    • 8573 25 ETA ETA Advertiser Vassal Vary T Sfi52* Cm taf n A< fr* ftfa f jSS T jSS!Sr SIN Dest'n Name Name Number Number SIN Darfn Name Name Numtor um To AUCKLAND (AKL) 2031 New Zealand TO ABIDJAN (ABJ) 2003 Cote D'lvoire 0 3/07 20/07
      8,573 words
  • Page 25 Advertisements
    • 489 25 I Guaranteed Sailing! I Service from Singapore to: I Los flnqeles Keelung I Weekly Consol. Twice weekly I 14 days transit. on j^ urs cu t-off I HUB MARINE PTE LTD BOOKING: *****375/716 MAINLINE: *****866 FAX: *****066 OPR CODE "DZ" OR NO **********0Z MARKETING SALES; KELVIN CHUA: *****835, MELINA LEE:
      489 words
    • 557 25 FREIGHT LINKS EXPRESS PTE LTD 51 Penjuru Road, 3 Level, Freight Links Express Logisticentre, Singapore *****3. Tel: *****511 Fax: *****577 E-mail: flesin@singnet.com.sg Website:http://www.freightlinks.net LCL SERVICE TO CHINA fc ASIA BP'~T CEBU DALIAN HONG KONG JAKARTA QINGDAO ftf jMlfc/Ol SHANGHAI SURABAYA XINGANG XIAMEN BEST LCL RATES TO jgjlSSB AARHAUS ASHDOD BEIRUT
      557 words
    • 351 25 TIGER SKY 293 A 21-22/06 28-30/06 05-06/07 ■MHfl TIGER WAVE 294N 25-26/06 01-03/07 09-10/07 I ■jlnTnß TIGER PEARL 295N 28-29/06 05-07/07 12-13/07 ■■■■■TIGERSU 296N 02-03/07 08 10/07 16-17/07 TIGER SKY 297N 05-06/07 12-14/07 19-20/07 HMVPffIMI PHUTAN 317 21-22/06 27-29/06 07-08/07 I ■1UUI&I DONG FORTUNE 042 24-25/06 02-04/07 13-14/07 XPRES LHOTSE
      351 words


  • CINEMA/LEISURE
    • 592 27  -  Director Christopher Nolan has created a credible past story for Batman, says PARVATHI NAYAR PARVATHI NAYAR HE'S a rare Superhero, one who has no superpowers and a decidedly murky persona: consider that he dresses like a bat and acts like a vigilante in dark, dark Gotham City. The
      592 words
    • 517 27  -  By GEOFFREY EU WHEN respected journalist Paul Prior (Matthew MacFadyen) returns to his rural New Zealand hometown after 17 years abroad, he is a reluctant hero having achieved a measure of fame as a war photographer in hot spots around the world. Memories
      517 words
    • 349 27  -  By NGIAM YING LAN "LIFESTYLE festivals" are in, or so hopes Singapore's IndoChine group which is putting on an inaugural five-day festival here, incorporating chi-chi parties, charity auctions, fashion parades, elegant dinners and a chance to power-schmooze with the region's who's who. The group, which operates
      349 words
    • 1126 27 Courtesy of Warner Bros CHRISTIAN Bale surveys the vast, impressive skyline of Gotham City, he struggles, briefly, to summon the words to do justice to the moment. A sweep of the arm goes some way to capture the scale of the film set before us.
      Courtesy of Warner Bros  -  1,126 words
  • Page 27 Miscellaneous
    • 201 27 CRYPTIC CROSSWORD 26 Ebb and flow restricted, we hear BAs a teacher, lam spinning around end of farm (5) 27 What you see with a PP e around with nervous tension (8) YESTERDAY'S SOLUTION to a shopper! (10) 9 Abb k m the 5 g DOWN nver, then the lake
      201 words

  • ARTS
    • 789 28  -  Viewers can engage the works of these artists at Asian Traffic showcase, reports CHEAH UI-HOON CHEAH UI-HOON MENTION driving in Jakarta, Delhi, Bangkok or Kuala Lumpur any major Asian city in general and one will usually be greeted with a roll of the eyes and
      789 words
    • 287 28 June 17 (Fri) to June 18 (Sat) Singapore Arts Festival: Zheng He Admiral of the Seven Seas By Singapore Chinese Orchestra (Singapore World Premiere) Esplanade Concert Hall, 7.30pm (80 mins with intermission) Tickets: $16, $21, $32, $42, $52 June 17 (Fri) to June 19 (Sun) Esplanade Presents:
      287 words
  • Page 28 Advertisements
    • 87 28 HH m m *0* jp». i-- I Concessionprictffarytwtimti.ft*rfr)T^r^"^~* **n-*t»r^tu«cm«n^ j) Tickets from Esplanade Box Office and SISTIC's authorised agents. SISTIC hotline: 6348 5555. Group bookings of 20 or IVI AlAf I more, call 6828 8389. Concessions available for selected ticket categories. A SISTIC booking fee applies for all tickets. Latecomers
      87 words

  • COVER STORY/ARTS
    • Article, Illustration
      2162 29 IN the midst of all the hoo-ha surrounding the integrated resorts and the big casino names vying for a stake, one facet of the local hospitality industry has been steadily developing to pleasant results. We're talking about Singapore's own hotel and resort brands that depart from convention
      2,162 words
    • 460 29  -  THEATRE By PARVATHI NAYAR IT'S no longer just doomed love triangles or epic odysseys, artists look for creative material in unusual outposts these days. So why not the corporate world? Or, indeed, corporate histories as presented in Heavenly Bento by post theater (new york/berlin).
      460 words
    • 534 29  -  MUSIC By KANNAN CHANDRAN AN open mind and a spirit of adventure would be helpful when faced with Gumbo Jumbo. This original programme created by The Gogmagogs is a mix of elements going back 10 years or as recently as a few months,
      534 words

  • Page 30 Advertisements