The Business Times, 8 July 2005

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Total Pages: 30
1 30 The Business Times
  • 15 1 THE BUSINESS TIMES siNGA^R&iaiS' inline at http://business-times.asia 1 .com.sg MICA (P) 089/03/2005 Friday, July 8,2005
    15 words
  • 774 1  -  By KALPANA RASHIWALA [SINGAPORE] In a major vote of confidence for Singapore, a consortium comprising Hongkong Land, Keppel Land and Li Kashing's Cheung Kong Holdings and Hutchison Whampoa yesterday entered a much higher-than-expec-ted top Wd of $381 psf of potential gross floor area for
    774 words
  • 792 1  -  Coordinated bomb attacks leave at least 33 dead, more than 345 injured; billions wiped off markets By NEIL BEHRMANN in London ALMOST £50 billion (Ssl4B billion) was wiped off the London stock exchange in an immediate reaction to a coordinated series of terrorist bomb attacks
    AP  -  792 words
  • 136 1 sn 2.***** (-21.79) ST INDEX FUTURES 2,214.00 (-22.00) SIMSCI ***** (-3.13) SIMSCI FUTURES 264.60 (-2.60) MARKETS Thursday Change KLSECOMP 906.96 +4J7 NIKKEI 225 11,590.14 -13.39 HANG SENG 14,030.81 -119.12 SET INDEX ***** -2110 JAKARTA COMP 1,108.40 -9.41 MANILA COMP 1,847.32 +34.28 SEOUL COMP 1,026.82 +7.81 SHENZHEN ***** -0.70
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  • TOP STORIES
    • 543 2  -  M'sian PM says Proton needs to improve quality so it can compete By S JAYASANKARAN in Kuala Lumpur MALAYSIAN Prime Minister Abdullah Ahmad Badawi yesterday downplayed complaints by his predecessor Mahathir Mohamad that Kuala Lumpur may be hurting national car-maker Proton Holdings.
      543 words
    • 779 2  -  By WONG WEI KONG [SINGAPORE] Highlighting its regional banking thrust, Temasek Holdings will now own more of a Pakistani bank than it does of DBS Bank in Singapore. The Singapore investment company yesterday confirmed it has almost tripled its stake in Pakistan's NDLC-IFIC
      779 words
    • 353 2  -  By GENEVIEVE CUA [SINGAPORE] Aberdeen Asset Management will acquire parts of the UK-based business of Deutsche Asset Management's (DeAM) in a deal valued at up to £265 million (Ss7B4 million). The move follows DeAM's efforts to restructure after its poor performance
      353 words
    • 842 2  -  By MICHELLE QUAH [SINGAPORE] China Aviation Oil's suspended CEO Chen Jiulin who faces charges of cheating, forgery and insider-trading over the company's massive losses wants to travel out of Singapore. BT understands that Chen's lawyers indicated in the Subordinate Courts yesterday that
      FILE PHOTO  -  842 words
    • 629 2 SIA to increase fuel surcharge by up to 50% SINGAPORE Airlines is to increase its fuel surcharge in response to the sharp rise in jet fuel price. The airline's surcharge will rise to US$l2 from US$lO per ticket for flights between Singapore and Asean cities, it was announced
      629 words
    • 847 3 LONDON BLASTS Traders, many of them veterans of past attacks, keep business going Reuters, Bloomberg [LONDON] Britain's financial services yesterday defied the terrorists as banks and exchanges across London kept trading through a series of blasts which shook the world's largest financial centre. All
      Reuters,; Bloomberg  -  847 words
    • 308 3 [SINGAPORE] Prime Minister Lee Hsien Loong last night condemned the terrorist attacks in London and urged Singaporeans to be vigilant, as security is tightened at Singapore's borders. In a statement, Mr Lee said Singapore's sympathy goes out to the victims of the attacks and their families,
      308 words
    • 137 3 London, Thursday morning 0751 GMT: Explosion on underground train about 100 metres from Liverpool Street station. Train was going from Aldgate to Liverpool Street on the dnde line. Seven confirmed fatalities. 0756 GMT. Explosion hits train on the Piccadilly deep underground line between King's Cross station
      137 words
    • 174 3 Reuters [LONDON] A previously unknown group has claimed responsibility in the name of Al-Qaeda for the series of deadly blasts in London, two news organisations said yesterday. The "Secret Group of Al-Qae-da's Jihad in Europe" claimed responsibility for the attack in a
      Reuters  -  174 words
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  • Page 3 Advertisements
    • 203 3 HIGHLY AMAZINGLY TRAINED HANDS OF A t ij| j M 'We M M .?P I. 32 I 1 J® .JMfl '4 KSfc* ol 'fl Vm w Jr '^PsBl^ f $168»«riMMk t jlßm M- I Mad* in Japan my wM^-r n E^ The touch of your very it's completely possible now.
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  • COMPANY NEWS
    • 535 4  -  Move to help airline recoup about half of $900m surge in fuel costs this year Reports by VEN SREENIVASAN SINGAPORE Airlines is to increase its fuel surcharge in response to the sharp rise in jet fuel price. The move was widely
      BLOOMBERG  -  535 words
    • 352 4 SINGAPORE Technologies Aerospace has clinched its third aircraft maintenance contract in China in as many months. The company, which is the aerospace arm of Singapore Technologies Engineering, yesterday announced that its subsidiary, ST Aerospace Supplies, was awarded a contract by privately owned
      352 words
    • 192 4 SINGAPORE Press Holdings, responding to media queries and reports on the possible sale of its lucrative Paragon property on Orchard Road, said it's not in discussion with any party. SPH stock climbed 1.8 per cent on Wednesday, after an analyst
      192 words
    • 563 4  -  HOCK LOCK SIEW By VEN SREENIVASAN IT was indeed music to the ears of frustrated shareholders in Vantage Corporation. After fretting over the fortunes and future of the company for the better part of eight months, one could almost hear sighs
      563 words
    • 302 4  -  By JOYCE KOH THE pre-trial conference for the four men charged with accepting bribes from Citiraya chief executive Ng Teck Lee has been adjourned to Aug 2. Lawyers for the four former employees of Citiraya's multinational suppliers said the extension was needed for
      302 words
    • 373 5  -  CapitaLand, Cosco, NOL warrants account for 30% of entire volume By R SIVANITHY GROWTH in the structured warrants business continues to impress, with a staggering $4.2 billion done in the first half of the year almost triple the $1.5 billion done for
      Source: SGX data  -  373 words
    • COMPANY BRIEFS
      • 82 5 ASL Marine Holdings seems to be having a good year, securing new contracts worth $60.3 million and boosting its order books to $233.9 million since July 1 last year. The new deals for seven vessels were secured by the group's subsidiary ASL
        82 words
      • 74 5 SESDAQ-LISTED ArianeCorp said yesterday its telecommunication unit in China, Guangzhou Ariane Telecom Technology, signed a Memorandum of Understanding with China Satellite Communications Corporation to develop and operate a digital trunking mobile communication system via a joint venture company. GAT is set to inject
        74 words
      • 77 5 Keppel Offshore Marine appoints two to senior positions KEPPEL Offshore Marine has appointed two experienced Keppel staff for senior positions. With 30 years of experience, Yick Ping Wong (left) will step in as the executive director of Keppel (Caspian) for Keppel O&M. A Colombo Plan scholar, Hoe Eng Hock (right)
        77 words
      • 69 5 ADVENTURE Training Systems (Asia-Pacific), in which NeoCorp International owns a 85 per cent stake, is to wind up, on a petition from Übin Lagoon Resort. The winding up is said to be unlikely to affect the group's operations. Another subsidiary, NeoCorp Innovations,
        69 words
      • 70 5 Reuters [KUALA LUMPUR] Malaysia's second smallest lender, Southern Bank, said it has obtained central bank approval to start talks to buy Asia General Holdings, Singapore. The proposed acquisition would include Asia General's life and general insurance businesses in Malaysia
        Reuters  -  70 words
    • 360 5  -  IPO WATCH By MINDY TAN HOMEGROWN metal recycler Union Steel is eyeing a stock exchange listing to help raise funds for plant expansion in Singapore and maiden forays into Indonesia and China. The company a twotime Enterprise 50 award winner has received inprinciple approval from
      360 words
    • 215 5 SEMBCORP Industries announced yesterday that it has launched a fund in memory of former deputy chairman and chief executive Wong Kok Siew. Mr Wong died in February this year after suffering a stroke, at the age of 58. The fund, under
      215 words
    • 452 7  -  Move follows counter's upgrade to SGX main board on April 18 By JOYCE KOH CRANE and heavy equipment supplier Tat Hong Holdings yesterday said it plans to delist from the Australian Stock Exchange (ASX) following its upgrade to the main board of the
      452 words
    • 846 7  -  2 industry pioneers built up company from scratch By MINDY TAN LABROY Marine may be a dwarf compared with marine heavyweights Keppel Shipyard Limited and Sembawang Corporation, but its two founding members have shown that they can build a shipyard from scratch. Tan Boy
      846 words
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    • 945 4 Notices 0\ tnckidee examining, ona tartbaato, evttaime •upporting the amounts md ditdonrii in thi financial An widt Ao ■State Bank of India— ~=KSSHSSSS.. Corporate Centra: Mumbai 400 021., India raaaonatoia baala tor our opinion. BALANCE SHEET OF 4.Tl*BalanceSheetandthePraat«tfLoeeAccounthave been drawn THE STATE BANK OF INDIA AS ON 31 MARCH 2005
      945 words

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  • SINGAPORE MARKETS
    • 520 8  -  STOCKS But brokers see strong support as DBS leads index lower R SIVANITHY Senior Correspondent IT'S actually quite funny if you think about it oil at US$6O per barrel earlier this week isn't a worry and stocks are still a "buy", oil at
      Source: Bloomberg  -  520 words
    • TRADES TO WATCH
      • 429 8 CHARTERED Asset Management seems bullish on Meiban Group, boosting its interest in the plastic components manufacturer and service provider in a series of transactions on Wednesday. Charted Asset bought 1.292 million Meiban shares through four registered holders, increasing its deemed interest from 8.61 per
        429 words
      • 80 8  -  Compiled by NANDE KHIN HSBC Investments (Hong Kong), substantial shareholder of Yellow Pages (Singapore), raised its stake in the publisher of telephone directories on Wednesday. HSBC Investments bought 1.286 million shares of Yellow Pages, boosting its deemed interest from 6.37 per cent
        80 words
    • Article, Illustration
      423 8 OTHER SINGAPORE INDICES Jul 7 VALUE CLOSE BT OB/OS -108.00 -126.00 BT CADI -*****.00 -112.00 BT 10-day MA -*****.00 -11.00 All-SG Equities 567.90 -5.38 SG Equities Elect 137.25 -1.06 SG Equities Fin 1535.66 -21.84 SG Equities Prop 575.36 -7.06 SIMSCI 263.42 -3.13 SiMSCI Futures 264.60 -2.60 MOST ACTIVE STOCKS VOLUME
      423 words
    • Article, Illustration
      749 8  -  Compilde by JOYCE KOH Startfub Ltd v Jufy 7 dose: $1.84 GOLDMAN SACHS, iifly 7 WE believe Star Hub will continue to deliver strong results from its cable TV (CATV) business. There is room for earnings to surprise on the inside as operating leverage kicks in. Star Hub's
      Source: Bloomberg  -  749 words
    • 514 8  - Bomb blasts rock US bulls take profit CURRENCIES LARRY WEE Senior Correspondent BARELY one day after news that London had won the tight to host the 2012 Olympics, the British pound fell sharply towards the Asian close on breaking news of train and bus explosions in central London while the
      Source: Reuters  -  514 words

  • SINGAPORE NEWS
    • 229 9  -  30% of members are below 35 years old By WEE LI-EN SINGAPORE has bucked the global trend of declining union membership with a thumping 97 per cent rise in membership over the past 10 years. Union membership has swelled from about 234,000 in 1994
      229 words
    • 427 9  -  More participants from Mid-East, S Korea expected By CHEN HUIFEN THE annual Global Entrepolis Singapore (GES) is set to chalk up a new record this year, with 32 conferences lined up the highest number in the event's history. And organisers are expecting
      FILE PHOTO  -  427 words
    • 350 9 WHENEVER you leave some food in your bowl, you may hear this, "Finish your food! Think of all the starving people in Somalia." Such images, however, do not represent the real Africa. Today, the countries of Africa say they want trade, not aid.
      350 words
    • 227 9 HEALTH Promotion Board chief executive officer Dr Lam Sian Lian will retire on Sept 3. She will be succeeded by Lam Pin Woon, former chief executive officer (group health supplements division) of Cerebos Pacific. A joint statement yesterday from the Ministry
      227 words
    • 182 9 JPMORGAN Private Bank, which has appointed a new South-east Asian head, is planning an onshore private banking business in Japan, the bank announced yesterday. Kwang Kam Shing, the current managing director and head of investments for the private bank in Singapore, succeeds
      182 words
    • 361 9  -  By UMA SHANKARI ANY fears that London might be in danger of losing the right to host the 2012 Olympic Games after a series of explosions rocked the city yesterday were put to rest by the London delegation in Singapore. The
      361 words
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    • 38 9 YOU DON'T NEED A BUSINESS SUIT TO MAKE DEALS 4 OPENING OQ SPECIAL V-L^-O Andana u Orchard Open daily from 10 am to 11 pm 290 Orchard Road *06-19/26. Paragon, Singapore *****9. T: 65-6836 9988 E: marketing6a andana.com.sg
      38 words

  • ECONOMY WATCH
    • 552 10 G-8 SUMMIT Communique and climate action plan expected to be bland AFP [GLENEAGLES, Scotland] The world's most powerful leaders got down to talks here yesterday on aid to Africa and climate change, but the summit was brutally overshadowed by a
      AFP; REUTERS  -  552 words
    • 253 10 AFP IGLENEAGLES, Scotland] US President George W Bush said yesterday it was time to lay plans for the era beyond the United Nations' Kyoto Protocol climate pact, which rDns out in 2012. "Now it is time to get beyond the Kyoto period
      AFP  -  253 words
    • 94 10 Reuters [GLENEAGLES, Scotland] US President George W Bush said yesterday he wanted to work with the European Union to eliminate agricultural subsidies and hoped the Doha round of trade talks would agree to do this by 2010. "We want to work
      Reuters  -  94 words
    • 304 10 Bloomberg [GLENEAGLES, Scotland] British Prime Minister Tony Blair said China and India may in future be invited to join the Group of Eight that brings together the world's leading industrialised nations for annual summits. "If you go around the table at
      Bloomberg  -  304 words
    • 394 10 LATEST US DATA AP [WASHINGTON] The number of new Americans signing up for unemployment benefits rose last week, mostly reflecting layoffs related to temporary shutdowns at auto plants as well as school closings. Even with the rise, the latest report on unemployment claims,
      AP  -  394 words
    • 243 10 AFP [BEIJING] China's gross domestic product (GDP) is expected to grow 9.2 per cent year on year in the first half of this year, the central bank said in a research report yesterday. That compared with 9.7 per cent year on year
      AFP  -  243 words
    • 260 10 AP [KUALA LUMPUR] Malaysia's Prime Minister Abdullah Ahmad Badawi yesterday denied speculation that his country and China are working together on changes to their currency exchange rates, both of which are pegged to the US dollar. "Reports are reports, we have
      AP  -  260 words
    • 552 10 Headwind from oil prices but no sign of recession threat Reuters [WASHINGTON] The global economy seems to be heating up again as the northern summer nears its height. After months of unease among policy-makers and economists over the durability of the world
      Reuters; AFP FILE PHOTO  -  552 words

  • MALAYSIA/INDONESIA
    • 337 11 Former Sabah chief minister racks up RM7m of debts at a London casino AFP, AP [KUALA LUMPUR] Malaysia's prime minister yesterday lambasted a senior ruling party official for chalking up a gambling debt of more than RM7 million (Ss3.l million) at a London
      AFP,; AP  -  337 words
    • 270 11 Reuters [COLOMBO] Telekom Malaysia's Sri Lankan mobile unit launched the island's biggest IPO yesterday, with managers to the issue saying the overbid sale would raise around US$B5 million and would close the same day. Investors 'had oversubscribed the issue of Sri Lanka's top
      Reuters  -  270 words
    • 4 11 Source: Reuters
      4 words
    • 217 11 AP [JAKARTA] Indonesians queued for hours at gas stations across the country yesterday as fuel shortages began to bite amid calls by the president not to panic in the face of what he called an "energy crisis". With global oil prices at record highs,
      AP; REUTERS  -  217 words
    • 249 11 AP [SYDNEY] A newly reached oil and gas revenue-sharing agreement between Australia and East Timor may be worth up to Asl3 billion (5516.3 billion) for the tiny nation, a newspaper reported yesterday. Australia and its impoverished northern neighbour have been
      AP  -  249 words
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    • 1685 11 yp/ices w Econ International Limited (Incorporated in the Republic of Singapore) (Co. Registration No. *****0983H) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 18th Annual General Meeting of the Company will be held at 2 Ang Mo Kio Street 64, Ang Mo Kio Industrial Park 3, Singapore
      1,685 words

  • GREATER CHINA
    • 659 12 Bush says it's best to let official review to run its course AFP, Reuters [WASHINGTON] Chinese energy firm CNOOC Ltd may consider raising its US$lB.5 billion bid for US oil company Unocal Corp if that is what it takes to win the deal, the
      AFP,; Reuters; AP  -  659 words
    • 315 12 Reuters [MELBOURNE] Chevron Corp and China's CNOOC Ltd said that they were still in talks over a As3o billion (5537.7 billion) gas supply deal from Chevron's Gorgon liquefied natural gas (LNG) project off Australia, denying a report that the deal had collapsed. The US oil
      Reuters  -  315 words
    • 405 12 Reuters [TAIPEI] Taiwan's TSMC and UMC, the world's two largest contract microchip makers, posted higher sales in June as they climb out of a global semiconductor slump. Chip sales are picking up as customers digest the last of excess inventory following unexpectedly
      Reuters  -  405 words
    • NOTE BOOK
      • 84 12 Reuters [HONG KONG] Hong Kong fixed-line phone company PCCW Ltd is in talks with Chinese authorities on building a 20 billion yuan (Ss4.l billion) luxury resort in Sanya, a city on Hainan island, a Hong Kong newspaper reported yesterday. Confirmation of a
        Reuters  -  84 words
      • 65 12 Bloomberg [BEIJING] Agricultural Bank of China's financial reports and housing loans will be probed this year for irregularities, the China Youth Daily reported, citing Fan Peng, head of finances at the nation's auditor. The National Audit Office will probe housing loans made through the lender's
        Bloomberg  -  65 words
      • 92 12 Reuters [HONG KONG] The parent of China Southern Airlines lost 1.1 billion yuan (*****.3 million) when a brokerage which held funds on its behalf failed last year, industry sources said yesterday. China Southern, the country's biggest carrier, and its state-owned parent China Southern Air Holding
        Reuters  -  92 words
      • 67 12 Bloomberg [BEIJING] Lenovo Group, which bought International Business Machines Corp's personal-computer unit, will quadruple semiconductor purchases to become Asia's fourthlargest chip buyer this year, researcher ISuppli Corp said. Lenovo, whose US$l.25 billion IBM purchase in May made it the world's third-largest PC vendor,
        Bloomberg  -  67 words
    • 498 12 Reuters [BElJlNG] Searing temperatures across booming China have driven up energy demand, exposed an overreliance on coal and are taking a toll on industry, Xinhua news agency said. Power shortages this summer should be "much more serious" than last year when China faced
      Reuters  -  498 words
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    • 2359 12 Notices IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF BOYED (S) PTE LTD (flea. Dimarco Overseas (S) Pte. Ltd.) Company Registration No. *****0285N (In Members Voluntary Winding Up) NOTICE IS HEREBY GIVEN that at an Extraordinary General Meeting of the Company held on 30th
      2,359 words

  • INDIA
    • 517 13 Shares surged on increased foreign investment economic growth Reuters [MUMBAI] Net asset values of Indian equity funds posted buoyant gains in June as stocks hit life highs on the back of resurgent foreign inflows, sound growth prospects and a family settlement within
      Reuters  -  517 words
    • 344 13 [MUMBAI] Indian entertainment's biggest takeover play, a proposed acquisition of Adlabs Films by Anil Ambani's Reliance, may be just the first move in a larger media strategy by the colourful tycoon, The Financial Express writes. Mr Ambani, who has been a fixture along with his
      REUTERS  -  344 words
    • 188 13 Bloomberg [STOCKHOLM] Videocon Group, an Indian maker of television and microwave ovens, agreed to buy ElectroluxAß's unprofitable appliance unit in India, part of a plan to expand as South Korean rivals step up competition in the country. The acquisition will include three
      Bloomberg  -  188 words
    • 42 13 UNIT TRUSTS FUNDS LEGEND: All prices are indicative; Broadly Diversified; Narowly Focused; S Lower Risk; Low to Medium Risk: Medium to High Risk; Higher Risk; open-ended; Before subdivision of units; After subdivision of units; SP after stock split; N.A. Non Dealing Day
      42 words
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  • ASIA-PACIFIC/WORLD
    • 713 14 It must boost output to 50 million bpd by 2020; oil prices hit US$60 [LONDON] The Organisation of the Petroleum Exporting Countries (Opec) will not be able to meet projected western demand in 10 to 15 years, the Financial Times reported
      REUTERS  -  713 words
    • 616 14 Reuters [MANILA] Embattled Philippine President Gloria Macapagal Arroyo said yesterday she will not step down but had asked her cabinet to resign to give her the freedom to push economic and political reforms. Ms Arroyo, who has been under mounting pressure to quit
      Reuters; AFP  -  616 words
    • 356 14 Bloomberg [NEW YORK] A bankruptcy court decision allowing Enron Corp to seek to unwind derivatives payments made to Bear Stearns Cos may disrupt financial markets, International Swaps and Derivatives Association (ISDA) and The Bond Market Association (TBMA) said in a joint statement on
      Bloomberg  -  356 words
    • 358 14 Share offering would be biggest in over 4 years Reuters [TOKYO] The Japanese government yesterday unveiled plans to sell up to US$4.6 billion of shares in Central Japan Railway Co (JR Tokai) as part of its efforts to trim the country's massive
      Reuters  -  358 words
    • 379 14 Reuters, Bloomberg [SYDNEY] Shares in Australia's Tattersall's Holdings Ltd traded as much as 25 per cent above their retail issue price yesterday as investors embraced the chance to buy into the A 52.5 billion (Ss3.l billion) gaming group. Analysts expect gaming stocks to show
      Reuters,; Bloomberg; BLOOMBERG  -  379 words
    • 157 14 Reuters [WASHINGTON] The US military has signed on Halliburton to do nearly US$5 billion in new work in Iraq under a giant logistics contract that has so far earned the Texas-based firm US$9.l billion, the Army said on Wednesday. Linda Theis, a
      Reuters  -  157 words
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  • WORLD
    • 632 15  -  But cost of the mega-project seen rising on security concerns following yesterday's blasts By NEIL BEHRMANN in London EUPHORIA over London's Olympic victory has been dampened by the infamous terrorist attacks on the city. But given Britain's fighting history, London will be
      632 words
    • 441 15 Reuters [LOS ANGELES] London's selection to host the 2012 Summer Olympics was widely seen as an upset, but NBC Universal, which holds US media rights to the Games, said the choice was an expected fit for its billion-dollar investment. NBC Universal executives have
      Reuters; AFP  -  441 words
    • 578 15 Bloomberg [LONDON] Balfour Beatty and Carillion are among UK construction companies that need to limit costs and avoid delays on building sports venues and transportation links in order to profit from London's Olympic victory. Balfour, Carillion and Costain Pic may bid for projects
      Bloomberg  -  578 words
    • 372 15 Reuters [PARIS] French politicians, media and sports officials cried foul yesterday over London's snatching of the 2012 Olympic Games from Paris, suggesting underhand tactics may have played a part. "An injustice has been done to us by the lOC (International Olympic Committee) members.
      Reuters  -  372 words
    • 474 15 AP, AFP [PARIS] The International Olympic Committee's vote to stage the 2012 Games in London, instead of favourite Paris, deals a fresh blow to efforts to lift France's flagging economic fortunes. Backers of the Paris bid had argued it would create tens of thousands
      AP,; AFP  -  474 words
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    • 469 15 Q4«ft*KlSM»9»22 nttccsffpli.€w^ IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF CCL PROPERTIES (HILLVIEW) PTE LIMITED (In Members' Voluntary Liquidation) Co. Roq. No. *****3420E NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the Company held at 239 Alexandra Road Singapore *****0 on the Ist
      469 words

  • AVIATION
    • 185 16 AFP [HANOI] Vietnam Airlines on Monday started direct flights to Germany as part of a rapid route expansion strategy into Europe, an aviation official said. "As from now on, the carrier will fly directly to Frankfurt twice a week from Hanoi, on
      AFP  -  185 words
    • 525 16 Easy Jet also carries 15% more passengers after adding routes Bloomberg [TOULOUSE, France] Air France-KLM Group, Europe's biggest airline, said passenger traffic last month rose 7.8 per cent as travel to the Americas and Asia grew. Easy Jet pic, Europe's second-biggest low-cost
      Bloomberg; BLOOMBERG  -  525 words
    • 259 16 AFP [FRANKFURT] German airline Lufthansa said on Wednesday it hopes to introduce digital finger-print-ing as early as next year and so-called "smart cards" to help speed up check-in procedures. Boarding passes are to be personalised with the passenger's thumb print "if possible as early
      AFP; AP  -  259 words
    • 441 16 AFP [SEATTLE, Washington] US aviation giant Boeing Co is facing possible US charges for selling commercial aircraft to China and other countries containing a gyroscopic chip with potential military applications, officials said yesterday. "The (State) Department is currently in negotiations with the
      AFP  -  441 words
    • 292 16 Reuters [SAN FRANCISCO] Boeing Co said it will pay its new chief executive James McNerney as much as US$5.B million a year in salary and bonus, and US$47 million in long-term benefits to replace what he gave up by leaving 3M Co. Mr
      Reuters  -  292 words
    • 397 16 AIRLINE CODES: AA: American Airlines (AAL), AF: Air France (AFR), AI: Air India (AK), AY: Finnair Oy (FIN), AZ: Alitalia Airlines (AZA), BA: British Airways Public Ltd Co (BAW), BG: Biman Bangladesh Airlines (BBC), BI: Royal Brunei Airlines Sdn Bhd (RBA), BO: Bouraq Airlines (BOU), BR:
      397 words
    • 277 16 Int'l expo in Aichi behind surge in travel demand Bloomberg [TOKYO] All Nippon Airways Co (ANA), Japan's second-largest airline, said it carried 5.3 per cent more passengers on domestic routes last month, as travel demand was spurred by the international expo in Aichi
      Bloomberg  -  277 words

  • SHIPPING
    • 761 17  -  ADMIRALTY CASEBOOK By SELVA KUMAR THE International Transport Workers Federation (ITF) suffered a major blow last month when an English court granted Finland's Viking Line a permanent injunction to prevent the Londonbased ITF from taking industrial action to prevent the re-flagging of a vessel.
      761 words
    • 534 17  -  Association to discuss issue with London underwriters By DONALD URQUHART [SINGAPORE] The world's largest oil tanker grouping will be meeting with London underwriters later this month to relay a "sense of reality" after an advisory committee there designated the Malacca Straits as
      Source:  -  534 words
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    • 254 17 ASIA-WEST AFRICA TRADE AGREEMENT West African Port Congestion Surcharges: Considering the operational conditions that have become extremely difficult in some West African ports, we are compelled to implement a certain number of congestion surcharges as per same rules applied by the EWATA conference on the Europe-West Africa trade. The amounts
      254 words
    • 271 17 MARICHEM /C\ MAR IGASES /tJ .1 1 c (ml) —;> >r7V MARITEC <= k UJJ^=> ANNOUNCEMENT| MARICHEM MARIGASES WORLDWIDE SERVICES is pleased to announce the appointment of MARITEC PTE LTD as the exclusive I Sales Agent for MARICHEM MARIGASES product range. MARICHEM-MARIGASES' j a full range of products includes I'iflijEl
      271 words

  • EDITORIAL & OPINION
    • 531 18 EDITORIAL OIL prices have begun flirting with the US$6l a barrel level and it's sending shivers down many spines and political storms seem to be in the offing across Asia. The most recent price surge came after Tropical Storm Dennis along the US Gulf coast
      531 words
    • 813 18  -  THE BOTTOM LINE MATTHEW LYNN LONDONERS enjoy nothing more than beating the French. That's why, about a week after celebrating the 200 th anniversary of the Battle of Trafalgar, London's victory over Paris in the bid to stage the 2012 Olympics
      813 words
    • 1053 18 HK eyewear maker may have overreached in its rapid expansion to Europe and US IHT AT THE end of March, Cary Ma exuded success. As he sipped a drink in the opulent bar of the China Club in Hong Kong, he
      IHT  -  1,053 words
    • 1405 19  -  Forecast is impossible when its value depends on ebb and flow of mobile capital By SURABHIJAIN, RAMKISHEN RAJAN THE US current account deficit (CAD) is at the centrepiece of the ongoing macroeconomic imbalances that dog the global economy. The received wisdom is
      AFP FILE PHOTO  -  1,405 words
    • 660 19  -  By JOSEPH KAHN NYT FU CHENGYU, the chairman of CNOOC Ltd, says that profits, not politics, are behind China's most ambitious takeover bid, his company's US$lB.5 billion proposal to buy the Unocal Corp. Strategic energy policy and the whims of Beijing leaders do not concern him
      NYT  -  660 words
    • 682 19  -  LETTERS TO THE EDITOR Koh Ching Ching Group corporate communications OCBC Bank WE thank Mr Narayana Narayana for his letter on the OCBC rights issue, "Better method needed for OCBC rights issue" (BT, July 7). Our rights issue, coupled with the bonus dividend, was conceived to
      682 words
    • 532 19  -  Leong Sze Man Singapore I REFER to Lu Kee Hong's letter, "Don't get carried away by household survey results" (BT, June 22) and the article, "Bishan leads HDB towns in monthly household income" by Alexandra Ho (BT, June 21). Although "average incomes
      532 words


  • 2503 20 SGX XTRANET M-Wk Vt last Vol Day LactQuote GrOiv Dtv GrVM Nat MCap M» law Cada Company SaU w- C000) High Law »u»af Seller S Cvr fit Smfi *****101 SO 6065 Diamonds US*****aJ 6095 IS DJ US Tech US3740 6097 IS MSCI Spore US555 6101 ISS4PS00 US8270 **********
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  • 3380 21 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In loul cnrr In SS UH %&f yr X d* y iult tad«« Chnop* Chang* Oinngt Oinqt Oxng« Chang* Watt nde» Preliminary 8813 ft! *4 01 ZS M -14 EAf£ Pufurmaty 831.5 M 16 15 W ILS -3J ft»cpe Preliminary ***** 06 18
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  • Page 22 Advertisements
    • 1242 22 f |i|(f|lj||B mM <a *****1 Wr m 11 I l t NYK GROUP SOUTH ASIA PTE LTD \f_- vryy Mnrfiu- TEL *****123 XV A AIiNE XttfigJ Av9 Mm LINE Fax: 6292 2856(Regional sales)/6239 7109(OPS)/6299 5785 (Documentation) 11 NIPPON YUSEN KAISHA TOKYO SOPAKU KASHA. LTO (C/R NO: **********0E) Pt« Ltd Morn
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    • 861 22 jXTWASIA RORO SBtViCl VBSa/VOY UMffft) HBGHKM) WG KCH Id I SN I JKT STIAnS VENTURE 13/05 IS 3.2 22/06 23/06 21/06 02/07 04/07 STRAITS VEHTURE M/ 05 15 3.2 06/07 01/07 14/07 17/07 11/07 STRAITS VEHTURE 15/05 15 3.2 22/07 24/07 78/07 31/07 02/08 [AUSTRALIAN RORO SERVICE 1 YBsa/vor |»amhkt)|
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  • Page 23 Advertisements
    • 1141 23 www.homburßSud.com H f AUSE SUVKf (KPOtT) Jtt JM SWGAPO«t MISMM STPWFT MUKXWWI ADtLAIPf SW6APOM WISMIK STPWIT MBMUMK ABBAIM SCOTIA 019S 15/07 25/07 77/07 30/07 0M» StOTIAOMS 12/00 TVM 24/01 17/01 30/W GU TUB HE Otis 12/07 01/01 OVM Ot/OI 09/01 CAI TDK Ht QMS 19/00 21/01 31/00 OVO9 Ot/W CAP
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    • 1240 23 VESSEL YOY SIN JKI HK6 KHH INC KYH PUS VBSa VOY SIN JKT SUB HKG USN WS HY PROWESS 098S 14/7 14/7 21/7 23/7 25/7 77/7 77/7 KMTC ULSAH 514S 10/7 13/7 IV7 19/7 73/7 74/7 HYBBID6E P97S 21/7 23/7 71/7 30/7 I/I 3/1 3/1 KMTC SINGAPORE 510S 17/7 70/7
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    • 870 23 m WEEKLY EXPRESS SAIUNG SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICQ POINTS VBSa VOY SIN P.JOANG COtOWO ILSWVA gHOMO ffi B: it Jffiz dtiL P>CIRC QUFST jUULILM ILBIi 22J111 22J1H 2LUII koiaphwiu imu KM ;tm *****1 oiaug M*« HIDHA GANDHI QWSW 01 AUG 02 HUG 05 AUG 08
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  • Page 24 Advertisements
    • 839 24 ImAI wallenius wilhelmsen w w website: http://www.2wglobol.com [VESSEL Ivor RAMP I HEIGHT I SIN UC MAO HOW MIA SAV lAI ORE MYt NIW MOI TARONGA I AfSlI ***** m I 6.25 M I 22/07 13/01 22/08 2S/0« 27/01 01/ Of 30/01 I TAMPERE AFSI9 *****« 6.30 M I 26/07 20/01
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    • 1146 24 Vtssa VOY SIN PGU VKsa VOY SIN jkt PAC tAMDA 1506W 05/07 05/07 PACMNTAM <305 ~03/07 ~***** CSf 2301 0142f 05/07 06/07 P*CMU 4173 05/07 ~23/0t PAC MUM 1507N 06/07 07/07 PM MWTAK lit* 10/07 12/07 CSF 2301 oiiap 07/07 09/07 TAOAHM isom ot/Q7 ot/o7 MMMMrMiiljlli iliSiailll^— mum lifiM 09/07
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    • 208 24 mmm Unr braokbulk sacvka S.E. A»ia/USA vk. wtm SPECIALISE IN HIAVY UFTS ft PROJECT CAJtOO Dutofat Calcutta ■VOCIMfIUS 11/07 SWCAWtt MUM Mumbai NV MOUSTVUU CBfTUtY 16/07 Uor part mpm hr Mb parti Ofhon porta In USA Man, Cornbaon A South Amtrica on Mucsmortf. 1NOA»OM T MALAYSIA I Hfap Worn SUpptog
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    • 680 24 i BSA iL MYANMA ■H FIVE STAR UNE (Mvannar National Line) Loading for Ym|m vissei voy sin m pen pgu PAGAN 348W SU) PAGAN 349W 15/07 IN MALAYSIA: BOUSTIAD SHIPPING AGENCIES KUI/PKI: 03-*****388 PIN: 04-*****1S A 1 **I™™*1™™* ACCEPTING CONVENTIONAL C6O VISSEI VOY HKG SIN PGU PU KUC JACARANDA ACE
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  • THE BUSINESS TIMES SHIPPING TIMES
  • Page 25 Advertisements
    • 562 25 Guaranteed Sailing! I Service from Singapore to: I Los Angeles Keelung I Weekly Consol. Twice weekly I Mon cut-off. Consol. I 14 days transit. Mon A Thurs cut-off I HUB MARINE PTE LTD BOOKING: *****375/716 MAINLINE: *****866 FAX: *****066 OPB CODE "DZ" CS NO **********0Z MARKETING SALES: KELVIN CHUA: *****535,
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    • 470 25 FREIGHT LINKS EXPRESS PTE LTD 51 Penjuru Road, 3 Level, Freight Links Express Logisticentre, Singapore *****3 Tel: *****511 Fax: *****577 W fB&B&SW** Website: http ://www.f rei ghtl i nlcs. net ATTRACTIVE RATES TO: 1 ALEXANDRIA GENOA KEELUNG KAOHSIUNG LE HAVRE MALTA MAHE MARSEILLE ■fcjJ'jißhp CEBU DALIAN HONG KONG JAKARTA QfNGOAO
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    • 87 25 CONFER (S.E.A.) SHIPPING PTE LTD TEL: *****868 FAX: *****245 DIRECT CONVENTIONAL SERVICE TO CHITTAGONG VESSEL SIN I CTG EMERALD 15-16 JULY 21-25 JULY DIRECT WdCI/POIIWHWOIIM. SERVICES TO»mdar Sut>Ccr*nent Ma*as Calcutta BontMy Kanch. Cokynbo CNttagong Tufcortn. Ca*wi FwEaat HoQvMnh, Hongkong,Mvtia.Ban^ofc.Buaan FCL/LCL liwlon T« AuaMa 9y<*iay Meboume Europe Fatalowa. Biwrwheven, Hwtxny. Artwaip,
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    • 439 25 yiPiMwwwi HHHKIGERWAVE 298N 09 10/07 15-17/07 23-24/07 1 ■PffVini TIGER PEARL 299N 12 13/07 1921/07 24-27/07 I ■UUftUMil TIGER SEA 300N 16-17/07 22-24/07 30-31/07 ■TuTEM TIGER SKY 301N 19-20/07 26-21/07 02-03/ M I ■■■■■TIGER WAVE 302N 23-24/07 29-31/07 04-07/ MI 303 M 24 27/07 OMS/M 10-11/ M ■iHralaii:i«pt«nAN in in.ii/n7
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  • ARTS
    • 613 27  -  MUSICAL The Admiral's Odyssey approaches the epic tale differently, reports AARON LYE AARON LYE THAT the tale of Admiral Zheng He is still being told 600 years after the fact is alone a testament to the timelessness of his voyages, but the fact that even a country
      613 words
    • 499 27  -  CLASSICAL MUSIC By NGIAM YING LAN CLASSICAL sounds take on a spiritual edge with Italian chamber orchestra I Solisti Veneti's one night concert at the Victoria Concert Hall next Wednesday. Presented as part of the Sacred Music Festival held in conjunction with the
      499 words
    • 498 27  -  PIANO FESTIVAL By AL R DIZON IN 1923, Polish-American piano virtuoso and composer Leopold Godowsky found himself in the exotic interiors of Java home to some of the most mystic music in the Orient. He was so mesmerised by what he had
      498 words
  • Page 27 Advertisements
    • 513 27 1 T IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF STAR CRUISE SHIPPING AGENCIES (S) PTE LTD (Company Registration No. *****1669R) (In Mtmber'i Voluntary Liquidation) NOTICE OF fINAL MEETING NOTICE IS HEREBY GIVEN that purjuont to Section 308 of the Companies Act, Cap. 50
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    • 200 27 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF AGRADECIDO INVESTMENTS PTE. LTD. (IN MEMBERS' VOLUNTARY LIQUIDATION) Co. Rag. No. *****0336 M NOTICE IS HEREBY GIVEN pursuant to Section 308( 1) of the Companies Act, Cap. 50, that a Final Meeting of the Members of
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    • 2503 27 No I ices IN THE MATTER OF THE COMPANIES ACT, CAP. SO AND IN THE MATTER OF CCL PROPERTIES (HOLDINGS) PTE LIMITED (In Members' Voluntary Liquidation) Co. Rag. No. *****5563K NOTICE OF RESOLUTIONS At on Exlraordinory General Meeting of the Company held at 239 Alexandra Road Singapore *****0 on the
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    • 770 27 IN THE MATTER OF THE COMPANIES ACT (CAP. 50.1994 Ed) AND IN THE MATTERS OF ADVANCED ELASTOMER SYSTEMS SINGAPORE PTE LTD (Company Reg. No. *****5789G) ADVANCED ELASTOMER SYSTEMS MARKETING PTE LTD (Company Reg. No. *****2156G) (Both in Members' Voluntary Liquidation) NOTICE OF RESOLUTION At the Extraordinary General Meetings of the
      770 words

  • ENTERTAINMENT/EPICURE
    • 656 28  -  FILM Fantastic Four can't clobber some of the better cinematic representations of the genre, but it does offer some lightweight entertainment of the juvenile kind, says GEOFFREY EU GEOFFREY EU COMING hot on the heels of Batman Begins—the adultoriented adaptation of a beloved comic book character
      656 words
    • 584 28  -  MUSIC By CHEAH UI-HOON ONE hears all the time how events are taken to new heights. But for once, this cliche rings true when Heineken Music holds its Elevation 280 music concert on a rooftop eight storeys high in the heart of
      584 words
    • 460 28  -  FOOD FESTIVAL By NGIAM YING LAN THE mention of the word "spice" today is unlikely to conjure up much excitement, but for millennia from the days of the Egyptian pharaohs till World War II its versatility in the culinary arena or otherwise and its economic
      460 words
  • Page 28 Advertisements
    • 172 28 licit- I<> wine, (liih' .iikl ci 11 c i'Li 111... I-,. V.ilur Mr.ils W/ .%O 114*11 |m i unit llilli I lin rlioirr ol < ollrr Ir.isolnlimLs Menu N;isi Gorunu p Hiiinancso Chicken Rice p K.itsu Don K.imponq Frind Hue V Sliced Finh Thii k flpphoon S«"»np Inks;* Frifnl Thai
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    • 113 28 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 Chilli Sauce, Chengdu Diced Chicken with Spicy Bean Paste and many more. Lunch: Adult $30.80, Child $19.80 (Sat, Sun fie Public Holiday) Dinner:
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    • 151 28 Wine Breatheasy* K| removes tht guMmorit as to how long to breath* aach typa and vintage of wtna. Tha Immadlata action of tha braathar on rod winaa and Chardonnaya 1 aoftana tannins and nautraliaaa aulphldaa instantly axpoaing rich bouquets and Interna flavours. In thla regard, It la auperior to decanting
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    • 96 28 Pinang Hawkers* Fari It's Back Again! 14 July to 7 August 2005 Back by popular demand, savour a tantalising spread with more items introduced. All prepared try the best Penang hawkers. Available for lunch, tunch (Fri, Sat Sun) dinner. From $28 for adult and $18 for child For reservations, please
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    • 51 28 ME MTU S MANDARIN SINGAPORE BE SPOILT FOR CHOICE With our delectable selection of local delights and western favourites served all round the clock. Enquiries: 6831 6291 MERITUS MANDARIN A division of Overseas Union Enterprise Limited (Company Registration N0.*****0050E) 333 Orchard Road, Singapore *****7. Tel: +65 6737 4411. Fax:+6s 6732
      51 words

  • PROFILE/PURSUITS
    • Article, Illustration
      1114 29  -  Neil Gaiman is the intellectual's author who gets pop star treatment. PARVATHI NAYAR meets the cult celebrity in S'pore PARVATHI NAYAR HE'S all in dramatic black but ascribes the sepulchral choice of colour to ease "I don't have to wake up in the morning and worry about which
      CHRIS LOH  -  1,114 words
    • 389 29  -  EXHIBITION By NGIAM YING LAN BUDDING artists who have been laboriously tweaking their latest project now have another platform to showcase their works. HYPE, a digital art gallery providing "exhibition space for aspiring graphic designers, photographers and filmmakers to display their creations free of
      389 words
  • Page 29 Advertisements
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  • Page 29 Miscellaneous
    • 169 29 P: CRYPTIC CROSSWORD ACROSS 8 "Long life!" nutter worked 17 T Msbn channel shows boy YESTERDAY'S SOLUTION 20 Most cramped toe skip with Charm, 24 Profits, 27 Rehearsed, 21 Lady's dress topped off with type diamond (4) ,wm\ 22 Outdoor pool, smelly first to blke (s B) J* (10) no
      169 words

  • executive lifestyle
    • 1430 30  -  The world's leading sports architects and consultants to London's winning 2012 bid suggest Singapore's success with hosting the IOC has put it on the sports map. PARVATHI NAYAR talks to them about the importance of stadium design and new roles of stadia in energising cities
      PATRICK BINGHAM-HALL; ARTHUR LEE  -  1,430 words
    • 383 30 "STADIA are the most 'viewed' buildings in history the stadium will become the most important building any community can own, and if it is used wisely, it will be the most useful urban planning tool a city can possess." So says Rod Sheard in The
      383 words
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