The Business Times, 18 July 2005

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Microfilm: NL26328
Total Pages: 32
1 32 The Business Times
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  • Title Section
    Lock icon Masthead
    16 1 THE BUSINESS TIMES singawwpod mT online at http://business-times.asia 1 .com.sg MICA (P) 089/03/2005 Monday July 18,2005
    16 words
  • Article
    Lock icon KL freeze on infrastructure jobs set to end
    542 1  -  Govt moves to prop up ailing construction sector By S JAYASANKARAN in Kuala Lumpur MALAYSIA'S freeze on mega infrastructure projects to cut budget shortfalls may be over as the government moves to prop up the ailing construction sector. Businessmen and financial executives
    542 words
  • Article
    Lock icon MARKETS DIGEST
    135 1 MARKETS WNk Chg« STI .2250.29 +34.30 KLSE COMP 916.84 +13.23 NIKKEI 225 „..*****.68 ....+192.69 HANG SENG *****.29 ....+539.82 SET INDEX 655.46 ......+12.15 JAKARTA COMP ...1131.46 ......+20.90 MANILA COMP ....1897.08 +20.80 TAIPEI TAIEX .6410.59 ....+209.19 SEOUL COMP 1059.60 +37.65 SHENZHEN B .211.84 +4.80 AUST ALL ORD 4254.20 ......+60.40 DOW
    135 words
  • Article, Illustration
    Lock icon Wholesale power prices jump 27.8% in first 6 months
    703 1  -  Stiff competition holds back steeper surge: observers By RONNIE LIM [SINGAPORE] High oil prices caused wholesale electricity prices in Singapore to soar 27.8 per cent in the first six months of this year compared with firsthalf 2004, says the Energy Market
    Source  -  703 words
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  • TOP STORIES
    • Article
      Lock icon IBM set to boost Singapore as procurement hub
      481 2  -  Cumulative procurement through S'pore hit US$5b last year By RAJU CHELLAM [SINGAPORE] American giant International Business Machines Corp will this year cross the US$5 billion cumulative mark in global procurement out of Singapore for routing thousands of electronic components, memory chips, hard
      481 words
    • Article
      Lock icon Temasek bids for 22% stake in Taiwan's Changhwa Bank
      364 2 [TAIPEI] Temasek Holdings is bidding to buy a 22 per cent stake in changhwa Bank, Taiwan's sixth-largest lender by assets, for at least NT525.17 billion (Ssl.3 billion), says a report in the Financial Times. The move underlines the Singapore investment company's
      364 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      389 2 Osim-led group cuts offer for Brookstone THE Osim-led consortium has reduced its offer price for Nasdaq-listed Brookstone Inc to US$2O a share from U5520.50 after the weaker-than-expected financial performance of the American product developer and speciality retailer in the latest quarter. COMPANY NEWS, PG 6 Linking Israeli R&D
      389 words
    • Article, Illustration
      Lock icon Investments in hedge funds losing steam
      570 2  -  Asian hedge fund businesses to fare better: surveys By NEIL BEHRMANN in London INVESTOR inflows into hedge funds will slow down markedly this year, according to several surveys. But Asian hedge fund businesses should do relatively better than their US and European counterparts because
      LUDWIG ILIO/ST  -  570 words
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      285 2 Eduction Executive Network. Leadership Journey. Hull MBA Master off Butinoss Administration 38th Intake University Most Established UK MBA (Edupoll Singapore 2005 of Hull MBA Citations) University Fully taught by University of Hull faculty Coursework completion in 18 months M Information Session K ML V Tuesday, 19 July 2005 at 7.00
      285 words
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  • Page 3 Advertisements
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      132 3 H I B A mm sjm M -rr- t-- *?'mK* jbmpk_. r |4.i .'^'-ii- VjAy^jyTsKSny^Kl^KsMni^B f jSaWilf >, j t-[.y^_^S JMHi^ M T\ v X -.^SyaSßyfe** .>-> <s .j •-••<• v v ■;•> v Flextronics, BMW, Maersk Logistics and Schonkor Logistics are already our tenants here. So what are you
      132 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon SGX gears up to fight the competition
      717 4  -  BT exclusive It's building up sectoral expertise, and aims to attract bigger companies By JOYCE KOH THE Singapore Exchange (SGX) is looking to rebrand itself. And the bourse of the future will not only aim to attract bigger companies to list here, but
      717 words
    • Article
      Lock icon New governance code a disappointment
      801 4  -  HOCK LOCK SIEW By MICHELLE QUAH YOU could almost hear the collective sigh of disappointment when the new Code of Corporate Governance was unveiled last week minus two key changes. Given the recent flurry of corporate scandals, and the public's corresponding hopes for greater governance,
      801 words
    • Article, Illustration
      Lock icon Osim-led group cuts offer for Brookstone
      514 6  -  Price cut to US$20 a share as US firm's results come in below expectations By TEH HOOI LING THE Osim-led consortium has reduced its offer price for Nasdaq-listed Brookstone Inc to US$2O a share from U5520.50 after the weaker-than-expected financial performance of the American
      FILE PHOTOS  -  514 words
    • Article, Illustration
      Lock icon Bank Buana key part of UOB's regional strategy
      450 6  -  Purchase of 1.7b more Buana shares lifts stake to 53% By TEH HOOI LING LISTED United Overseas Bank's acquisition of a majority stake in Indonesia's Bank Buana will form a major part of its foundation in South-east Asia on which to build
      BLOOMBERG  -  450 words
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      2068 4 NOTICES BANKMANDIRL^ CONSOLIDATED BALANCE SHEET CONSOLIDATED STATEMENTS OF As at December 31, 2004 and 2003 PROFIT AND LOSS For the years ended December 31, 2004 and 2003 (Amounts in millions of Rupiah, except otherwise stated) ASSETS 2004 2003 (Amounts in millions of Rupiah, except otherwise stated) 2004 2 00 3
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      285 5 h Bilk-' a i iwß^m i iiihri VAN GOGH BANKING ■,'v'* *#3 ~U' HHHHBHHHHHHHHHHHHp The more substantial your investment, the better your rewards.* Getting substantial returns is not only about the length of time. It is all about making the right investment decision. BMBBMMHOI And this requires your Relationship Manager
      285 words
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      143 6 > s The newest landmark of style in the heart of the city Swissotel Krasnye Holmy Moscow IVI Si tfeg i J*, s Promises kept. Legated less than 3km from the Kremlin and as the city's tallest hotel, Swissotel Krasnye Holmy Moscow offers unrivaled views of this spectacular city. Discover
      143 words
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      191 7 STX Pan aiived STX Paf| Ocean Co., Ltd. is proud to be lifted on Singapore Exchange on 14 July 2005 Thank you To our valued shareholders, financial advisors and IPO project team, thank you for your contributions to our successful listing on Singapore Exchange SIX fan Ocean is one of
      191 words
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  • SINGAPORE MARKETS
    • Article
      Lock icon DIVIDENDS ANNOUNCED
      520 8 Em toeta rqwM b toota lad im 4m. <*» tori a— **<■ AdvIntegratedMtg2.5c Oft hm 19-hi 03Aug PCATecMOc a 1J5 OS-AJ 08 ki JOAi AuvtuUnd PG dU *1/ 01M OSAui PopuUrMWgs 10c 050 C?lep 0.'IJSep Au«r»W*JPO Ql»A2J »U> 01 M OJAug RafflsGdu2.Sc g OSrt Vt M i? a«I
      520 words
    • Article, Illustration
      Lock icon 2,250 is laudable – and will 2,500 be hit before year-end?
      649 8  - 2,250 is laudable and will 2,500 be hit before year-end? STOCKS R SIVANITHY Senior Correspondent IT'D be fair to say that the Straits Times Index at 2,250 by mid-July has exceeded the expectations of many players who might reasonably have expected at the start of the year to see higher
      649 words
    • Article
      Lock icon Asian currencies gain from halt in US$ rise
      521 8 CURRENCIES AFP [HONG KONG] Asian currencies gained against the US dollar last week after the greenback's recent gains were halted, but the Australian dollar was expected to come under pressure because of weaker gold prices. Japanese yen: The yen gained ground slightly
      AFP  -  521 words
    • Article, Illustration
      Lock icon BROKERS' RECOMMENDATIONS
      1704 8 Cmmmtm Noof Forecast Mean Fifs Cw— Hoof Forecast Mm HTt recommendation est>- EPS PE target price recommendation estf- 9$ K taroet price Company name This wfc Last mth mates (cents) (ratio) price Company name Ttiswfc Lmtmdi mates (can*) (ratio) price Allgreen Properties 2.92 2.92 12 7.21 15.82 123
      1,704 words
    • Article
      Lock icon Oil prices slide, rubber jumps to historic peaks
      376 8 COMMODITIES: WEEKLY ROUNDUP AFP [LONDON] World oil prices dropped last week on slightly easing supply concerns, while rubber bounced to record high points in Thailand and sugar jumped to fresh multi-year peaks on robust demand. The Commodities Research Bureau's index of 17
      AFP  -  376 words
    • Article, Illustration
      Lock icon Most portfolios advance amid positive sentiment
      1168 9  -  TEH HOOI LING Senior Correspondent Theuob Sesdaq Index choked up its second week of solid gains, the first sustained two weeks of gain of more than 1 per cent a week in about six months.* Meanwhile, the Straits Times Index also posted some solid
      1,168 words
    • Article
      Lock icon Buying, selling activities stepped up
      1121 9  -  INSIDE MARKETS Notable players last week are Guoco Group, Ooi Hong Leong and directors of Elec Eltek, reports ROBERT HALILI ROBERT HALILI DIRECTOR and substantial shareholder activity was high last week on both the buying and selling side based on filings on the exchange from
      1,121 words
    • Article
      Lock icon Untitled
      562 9 STRAITS TIMES INDEX STOCKS Stock name Wt dose Change Allgreen 50c 0.29 1.140 +0.010 Ascendasreit 1.09 2.300 -0.040 BIL Intl U520c 0.52 1.250 +0.010 CaprtaLand 1.50 2.390 -0.030 CapttaMall 0.81 2.480 -0.040 Chart SemiCond 26c 0.95 1.390 -0.040 CityDev 50c 2.46 8.150 ComfoftDdGro 25c 1.75 1.560 -0.010 Cosco Corp 20c
      562 words
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  • FOCUS: CORPORATE GOVERNANCE
    • Article, Illustration
      Lock icon Integrity: going back to basics
      3012 10  -  HO CHING expounds on the important guiding principles that define relations between shareholders, board and management HO CHING WITHIN a robust market economy framework, businesses can grow and thrive, people can learn and earn a living, and communities can progress in harmony. However, an economic
      3,012 words
    • Article
      Lock icon WHAT SHE SAID
      124 10 On trust and word of honour "You judge whether to lend or finance a major expedition, through your assessment of the integrity and capability of the man you know directly.' On the board's responsibility 'No board should be held to ransom by the CEO.' On proper conduct
      124 words
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  • SINGAPORE NEWS
    • Article
      Lock icon Linking Israeli R&D with S'pore's business skills
      724 11  -  Ivac's role is to seek complementary partners to shorten the time to market By CHEN HUIFEN ISRAEL may often be portrayed as a country plagued by conflicts and bombs, but there are plenty of gems in its high-technology research and development. "Israel has
      724 words
    • Article
      Lock icon New funds the catch in latest Citi offer
      211 11 CITIBANK, which has been aggressively attracting deposits from Singapore residents, has announced yet another product that promises interest of 2.88 per cent a year. The catch is, depositors must invest at least a similar amount the minimum being $10,000 in selected unit
      211 words
    • Article
      Lock icon EVENTS LISTING
      208 11 DATE/ TIME EVENT VENUE 19 Jul Breakfast Talk on Blue NUSS Suntec City 8.00am Ocean Strategy achieving Guild House, dramatic results in growth, 3 Temasek Boulevard profitability and market #05-001 Suntec City positioning Tower 4 19 Jul Tete-a-Tete on Islamic The SNA House, 5.30pm Banking in South-East Asia
      208 words
    • Article, Illustration
      Lock icon NTU '85 SETS UP ENDOWMENT FUND
      109 11 NTU received a special 50th anniversary gift from its 1985 alumni when they presented their alma mater with the Class 0f1985 Pioneer Fund to support a scholarship and bursary endowment fund. To raise funds they held a golf tournament yesterday at the Sentosa Golf
      109 words
  • Page 11 Advertisements
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      59 11 wmmm i|M|jj(|MWM Enjoy two luxurious nights at BMBwiBßi the newly opened Conrad Tokyo HHHRHB and your third night is free. WmmBSUM Exclusively with all American Express' Cards. BSHBHh|BJIIJ CONRAD ■I I HHi! iSiBSHSSSSSgi mwmk luSShSShhbibl I BiMMMMiMiSiif I I BjBEEyijHH ■duress Enjoy special offers and savings in key destinations worldwide.
      59 words
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  • VIEWS FROM THE TOP
    • Article, Illustration
      Lock icon A JOB WELL DONE
      1296 12 THIS WEEK'S TOPIC What lessons should we take from the organising of the IOC event? What other global events, or class of events, should we aim to bring to Singapore? THE successful hosting and ending of the lOC session demonstrated that Singapore is confident and capable
      1,296 words
  • Page 12 Advertisements
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      88 12 VTCEOse-Gub Members of the BT CEOs e-Club are Singapore's top corporate leaders whom 6T editors would tike to interact with in an atmosphere of informality and trust This 'club'is a virtual one; with interaction mainly via e-mail. Each week, we will invite comments from these top executives on various economic
      88 words
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  • DINING OUT
    • Article, Illustration
      Lock icon Slightly wild, slightly bland
      828 13 We rate two new restaurants that opened recently in the business district Sage, The Restaurant 11 Unity Street, #02-12 Robertson Walk, Tel: 6333-8726 WHILE the dining scene at Robertson Walk is predominantly casual, a new restaurant, Sage, is adding a touch of haute finesse to the
      828 words
  • Page 13 Advertisements
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      215 13 "<MK OTFTT life• y&i'" Ta^ste s of tßang Mahal presents 'Tastes of Rajasthan'. Raj as than is known as the land f of rich heritage, colours and traditions. It is here that enigmatic recipes of the royal kitchens are proliferated many decades over. Catch our chefs 'LIVE' in action as
      215 words
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  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • Article, Illustration
      Lock icon Investment 101: An overview of the basics
      964 14  -  By Chloe Choy SO you dream about making smart investments a la Warren Buffett in the stock market but have alas! no knowledge about finance? Fear not as we take you through a crash course on some basic investment tools and strategies. While
      964 words
    • Article, Illustration
      Lock icon Philips, universities tie up
      872 14  -  CAMPUS LIFE Fourteen students each from NTU and NUS will research on applications for near field communication technology with guidance from Philips' engineers, reports WEE LI-EN WEE LI-EN MOBILE phones that can be used as debit cards, transport cards and to even open doors at a
      ARTHUR LEE  -  872 words
  • Page 14 Advertisements
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      249 14 Be smart with your finances FANCY becoming the next Warren Buffett or George Soros? Or even the famous Robert Kiyosaki? Then read on. The Young Investors' Forum, part of the BT-Citibank Tertiary Outreach Programme, isn't another dry page out of your financial textbook. To complement our editorial content, we have-a
      249 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Brunei set on economic diversification
      530 15 But oil and gas is seen as the main growth engine for many more years AFP [BANDAR SERI BEGAWAN] Though Brunei's oil revenues are soaring, the government is adamant it will push ahead with long-term plans to diversify the economy. Brunei's ruler, Sultan Hassanal Bolkiah,
      AFP  -  530 words
    • Article, Illustration
      Lock icon Yield curve – a misleading economic indicator?
      723 15 Yield curve a misleading economic indicator? Reuters [WASHINGTON] The fortune tellers of the economic data world have had their crystal balls clouded by Federal Reserve chief Alan Greenspan's so-called "conundrum". The peculiar decline in long-term interest rates as the Fed pushes up short rates has rendered one oftused component of
      Reuters; REUTERS  -  723 words
    • Article
      Lock icon Worst year for British housing market post-1995
      387 15 Zero growth may mean persistent slowdown: paper [LONDON] The British housing market will record zero growth this year, according to data out last week. That would make it the worst performance since 1995 a/id re-ignite fears of a prolonged slowdown, the Observer reported
      387 words
    • Article
      Lock icon Eurozone data to show inflation fuelled by oil
      399 15 AFP (PARIS] Eurozone indicators to be released in the coming week will show inflation edging higher on rising oil prices, economists said. But German economic confidence, French household spending and Italian consumer confidence are nevertheless expected to increase slightly, they added. Eurozone
      AFP  -  399 words
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      57 15 How simplier can brewed coffee at just a simple touch on on interactive touch-display panel. £quipped with the innovative Saeco Brewing System, soeco's stylish and elegant automatic fr r# espresso machines ensure high performance *m;-— so many features packed into a m mk .coffee is so easy, everytime. I Wl
      57 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon Khazanah to buy 52% of Bank Lippo
      438 16 M'sian state investment firm to pay 3.3t rupiah for Indon bank Bloomberg AP [KUALA LUMPUR] Khazanah Nasional Bhd, Malaysia's state investment company, will buy a 52.05 per cent stake in PT Bank Lippo, Indonesia's No 9 lender by assets, for as much as
      Bloomberg; AP  -  438 words
    • Article
      Lock icon STOCKS ASIA
      3054 16 Transaction date: Jul IS For a full listing of the dosing prices, log on to BT Online at http://biisiness-times.asial.com.sg after 11.30pm every trading day HONG KONG Vol 1.28 -0.01 280 HK$ '000 EganaGoldpfetl 1.85 -0.01 2570 Esprit Holdings 54.60 0.65 6480 Aeon Credit 5.00 undi 20 Extrawell Pharm
      3,054 words
    • Article, Illustration
      Lock icon KL's naval debacle
      568 16  -  MALAYSIA INSIGHT S JAYASANKARAN KL Correspondent THE Public Accounts Committee, a bipartisan, parliamentary body, has finally said what many Malaysians privately think. The committee was recently briefed by officials of the Economic Planning Unit over the status of six offshore patrol vessels contracted out to Naval Dockyard,
      568 words
    • Article
      Lock icon Talks for Volkswagen to buy Proton stake stalled
      270 16 AFP [KUALA LUMPUR] Talks between Malaysia's Proton and Volkswagen have stalled after a plan by the German auto giant to acquire a substantial stake was opposed by Proton's senior management, a report said yesterday. The Edge financial newspaper said that as a
      AFP  -  270 words
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      277 16 iv r I 1 I V.-,•«/,•./ I)imi-(In I) C ,i r<l 41 <i (i'».-« l W hero l<» wine, (line .1 nil eiilerl.llll... >/...,■ £,< BRING IT ON Prepare to tackle a month watering freshly H at our new Cafebiz. Indulge in freshly prepared dishes for both lunch and dinner,
      277 words
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      53 16 MERITUS MANDARIN SINGAPORE BE SPOILT FOR CHOICE With our delectable selection of local delights and western favourites served all round the clock. Enquiries: 6831 6291 r TUt MERITUS MANDARIN A division of Overseas Union Enterprise Limited (Company Registration No *****0050E) 333 Orchard Road, Singapore *****7. Tel: +65 6737 4411. Fax:
      53 words
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  • GREATER CHINA/INDIA
    • Article
      Lock icon China says no need for new economic tightening
      338 17 Speech lends weight to views that the economy may be cooling Reuters AFP [BEIJING] China should not issue new economic tightening measures, a top statistical bureau official said, underscoring views that growth in the world's seventh-largest economy may be slowing. "We should
      Reuters; AFP  -  338 words
    • Article
      Lock icon India-Pakistan gas pipeline cost soars to US$8 billion
      261 17 Times of India [NEW DELHI] South Asia's pipe dream just got bigger, with India and Pakistan looking at a tab of up to US$B billion, or nearly double the former estimate, for laying a 2,100-km transnational energy lifeline from Iran to India,
      Times of India  -  261 words
    • Article
      Lock icon British Gas to outsource 2,000 jobs to India
      150 17 AFP [LONDON] Energy group Centrica will outsource about 2,000 back-office jobs from its British Gas unit to India. "Centrica confirms that as part of its ongoing transformation programme in British Gas and continued drive for cost efficiencies, it is reviewing the future
      AFP  -  150 words
    • Article, Illustration
      Lock icon Tata Consultancy's Q1 profit up 23%
      407 17 Reuters [MUMBAI] India's largest software services exporter, Tata Consultancy Services Ltd (TCS), has posted a lower-than-expected 23 per cent rise in quarterly profit and announced a new US$lOO million contract. Multinationals are outsourcing more software and back-office services offshore to countries such as India
      Reuters  -  407 words
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      46 17 www.cmirafes.com/sy Fly Emirates First or Business Class j And enjoy a complimentary five-star break in Dubai. j I Keep discovering. B ..""-V 'H. 1".. R.HI" 1 I I»•' I S I .:r.i)V; V -;?1!" I-*;' '.U*l. '.•I'll'.! './-A.-J *2 I v.":. VS P.: t'.i"V .'Vi V
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  • ASIA-PACIFIC/WORLD
    • Article
      Lock icon ADB urges big investments in Mekong
      666 18  -  US$10-15b needed for infrastructure, Asian firms told By ANTHONY ROWLEY in Tokyo THE Asian Development Bank is calling on Japanese and other Asian business firms to invest "aggressively" in physical infrastructure for the Greater Mekong sub-region, which is one the fastest-growing parts of the
      666 words
    • WORLD WATCH
      • Article
        Lock icon Jakarta, rebels to sign peace deal
        58 18 AP [HELSINKI, Finland] The Indonesian government and Aceh rebels agreed yesterday to sign a formal peace agreement on Aug 15 to end a 29-year insurgency in the province. The peace deal will be signed in Helsinki, where two sides wrapped up the fifth round
        AP  -  58 words
      • Article
        Lock icon First charges against Saddam
        67 18 Reuters [BAGHDAD] Iraq's special tribunal has laid the first charges against Saddam Hussein for crimes committed under the former president's rule. The tribunal's chief investigating judge said yesterday Saddam had been charged along with three others in connection with the killing of Shi'ite Muslims in the
        Reuters  -  67 words
      • Article
        Lock icon Chelsea buys Wright-Phillips
        57 18 AP [LONDON] Chelsea has agreed on a transfer fee reported to be £21 million (5564.7 million) to buy Manchester City midfielder Shaun Wright-Phillips. Manchester City announced yesterday that it had reached a deal, two days after the club rejected Chelsea's first bid for the 23-year-old. Wright-Phillips will
        AP  -  57 words
      • Article
        Lock icon Enron settles dispute for US$1.5b
        74 18 Reuters [HOUSTON] Enron Corp has agreed to a U551.552 billion settlement to resolve disputes that it manipulated power and natural gas prices in the western US energy markets between 1997 and 2003. However, the payout from Enron, which emerged from bankruptcy in November as a
        Reuters  -  74 words
      • Article
        Lock icon News Corp forms Internet division
        40 18 Reuters [NEW YORK] Media conglomerate News Corp Ltd on Friday said it has formed a new Internet division, Fox Interactive Media, to create an online hub for its Fox news, sports and entertainment programming. —Reuters
        Reuters  -  40 words
    • Article
      Lock icon Job cuts expected at HP this week
      521 18 AP [SAN JOSE, California] Hewlett-Packard Co is widely expected to cut thousands of jobs next week as part of a long-expected restructuring that will attempt to bring the computer maker's costs in line with business and its rivals' numbers, according to industry analysts.
      AP  -  521 words
    • Article
      Lock icon Maidenform all set for US$150m public offering
      242 18 Reuters [NEW YORK] Maidenform Brands Inc, the intimate apparel maker that helped usher in the modern-day bra, is slated for a US$l5O million initial public offering thfc week. The company got its start more than 80 years ago when dress shop owners Ida
      Reuters  -  242 words
    • Article, Illustration
      Lock icon Potter fans jam stores at midnight
      512 18 10-year-old Amazon.com gets record 1.5m orders Bloomberg [LONDON] As thousands of Harry Potter fans flocked to stores at midnight, for Amazon the pioneering online retailer, which was celebrating its 10th birthday it was the online merchant's largest book release ever. It received a record
      Bloomberg; AP  -  512 words
  • Page 18 Advertisements
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      84 18 JL—' EXPERIENCE THE MAGIC OF MILANESE CUISINE W II f 11: Vlp One of the four fashion capitals in the world, Milan is also known for its culinary contributions. I .m H Discover Milanese cuisine prepared by Chef Riccardo Nossa from Park Hyatt Milano, Italy -ooml I{* at Place j
      84 words
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  • AVIATION
    • Article, Illustration
      Lock icon Boeing fights back with newer planes, client focus
      806 19  -  So far this year it has new orders for 439 planes, versus 276 for Airbus By VEN SREENIVASAN [SINGAPORE] After losing its dominant position to rival Airbus in recent years, Boeing has been clawing its way back this year with a huge
      CHRIS LOH  -  806 words
    • Article
      Lock icon Narita may not extend runway
      233 19 Bloomberg [TOKYO] Narita International Airport Corp, manager of Japan's largest terminal for overseas flights, may abandon a plan for a southward extension of its second runway after failing to reach agreement with farmers who own the land. It said it may be forced to change
      Bloomberg  -  233 words
    • Article
      Lock icon Asiana's unionised pilots go on strike
      211 19 Bloomberg [SEOUL] Unionised pilots of Asiana Airlines Inc, South Korea's second-largest carrier, began a strike yesterday, the second in less than two weeks, as they failed to reach an agreement with the airline's management over their demands for better working conditions. The pilots flying
      Bloomberg  -  211 words
    • Article
      Lock icon AirAsia likely to form China, India ventures
      536 19 AFP [KUALA LUMPUR] Asia's dominant low-cost carrier Air Asia is likely to form new ventures in the region with China and India probable targets as high fuel prices force the industry to consolidate, analysts say. Industry experts are tipping a shake-out among budget
      AFP  -  536 words
    • Article
      Lock icon BAA's Q1 performance in line
      282 19 Reuters [LONDON] Britain's biggest airport operator, BAA Pic, said on Friday that it was performing in line with expectations for the first quarter of the current financial year. "Performance in the first three months of the year has been in line with these expectations," chairman
      Reuters  -  282 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      1822 19 PIT BIBB «TA MB «TP SQ468 2240 Cipi«llHI» SK973 1900 SK972 2155 aSSi AF8087 1850 DaNaag MI633 2255 MK33 1425 BA7381 1850 SQ5024 2255 SQ5024 1425 I** Darwin AF8087 1850 Aanlirilill SO323 0620 AZ3993 2255 8A7381 1850 AZ3992 1450 KL838 2255 QF81 1850 *1*37 "50 5Q324
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  • Page 19 Miscellaneous
    • Miscellaneous
      Lock icon Page 19 Miscellaneous Column 1
      343 19 CRYPTIC CROSSWORD 1 He said belts need to be adjusted and secured (11) iHf Person with two hips? (11) 11 Repeat after some reflection P 12 Sappers in control of cavalry I I I I composed by Hebrew (7) 15 It makes the grandee angered I I I I I
      343 words
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  • SHIPPING
    • Article, Illustration
      Lock icon Wan Hai steering into major expansion mode
      725 20  -  BT exclusive It mulls bigger Asia-Europe service, move into South America By DONALD URQUHART [SINGAPORE] Joint services and alliances are becoming an important industry trend as carriers up-size vessel capacity, according to Wan Hai Lines which is currently in the midst of one
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      Lock icon China container makers sail into storm
      618 20 Reuters [HONG KONG] Empty shipping boxes are piled high at container manufacturers and depots in China, the latest indicator that the unprecedented global shipping boom that began in early 2003 is running out of steam. Shares in China International Marine Containers Co Ltd (CIMC)
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      205 20 Bloomberg [HONG KONG] Hutchison Whampoa Ltd, Cosco Pacific Ltd and other operators of Hong Kong's port handled fewer containers than Singapore in the first half, after the city's cargo shipments grew at a slower pace than a year earlier. Volume
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      Lock icon JPMorgan says oil tanker rates may double on imports
      447 20 Bloomberg SINGAPORE] JPMorgan Chase Co, the secondlargest US bank, says crude oil tanker earnings may double in the fourth quarter as US oil imports increase on peak winter fuel demand. Earnings of very large crude carriers, tankers able to ship 2
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      Lock icon China Shipping eyes 50% of unit
      224 20 Reuters [HONG KONG] China Shipping Development Co Ltd has said it is expected to hold more than 50 per cent of a proposed dry bulk cargo transport unit, which is planning a separate listing in Hong Kong. The Hong Kong-listed shipping group said in
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      Lock icon Five bodies found in oil tanker ablaze off Japan
      297 20 AFP AP [TOKYO] Five bodies were found yesterday inside an oil tanker, which was still on fire off the western coast of Japan two days after a collision with another tanker, the coastguard said. They were believed to be the five
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      Lock icon TRANSPORT STOCKS
      290 20 SGX '000 Jul 15 SS +1- Vol CH Offshore 0.38 -0.01 320 ChuanHup 0.79 0.01 767 Cosco Corporation .2.03 0.05 7167 CWT Distribution 0.67 0.01 18 Ezra HkJgs 1.37 -0.01 629 Freight Links 0.08 -0.01 148 Grand Banks Yacht 0.95 -0.01 47 Java Holdings 1.24 0.02 6197 K1
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  • THE BUSINESS TIMES SHIPPING TIMES
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  • BizIT
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      Lock icon Separating the facts from the fudge
      1003 29  -  <we say> In the Windows vs Linux debate, there is no clear winner yet when it comes to long-term deployment costs GEOFFREY PEREIRA WHICH is cheaper to own in the long run, Microsoft's operating system (OS) or Linux? This is a question that's been
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      Lock icon Brando back from the grave for computer game
      361 29 AFP [REDWOOD CITY, California] Marlon Brando is set to return from the grave to reprise his most famous role as Mafia boss Don Corleone in a new computer game based on Francis Ford Coppola's Godfather movies. But the highly anticipated Electronic Arts
      AFP; FILE PHOTO  -  361 words
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      Lock icon UN Web panel fail to agree on governance
      648 29 [BRUSSELS] A United Nations panel created to recommend how the Internet should be run in the future has failed to reach consensus but agreed that no single country should dominate. The United States stated two weeks ago that it intended to maintain
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      Lock icon 2.8m Dell printers shipped this year
      271 29 Bloomberg [SAN FRANCISCO] Dell Inc, the world's largest person-al-computer maker, has shipped 2.8 million printers so far this year, making the devices the fastest-growing product in the company's history. The company has shipped 10 million printers since entering the market in 2003, chief executive
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      Lock icon Simple and affordable Lexmark inkjets
      303 30  -  By ROLAND LIM AFFORDABLE and easy-to-use that's the message printing specialist Lexmark aims to spread with its four new inkjet printers. Its latest entry-level models the $99 Z735 printer and the $139 X 2350 multifunction printer use Lexmark's new "1" cartridge that can handle both
      303 words
    • <what's new>
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        Lock icon Free offerings from StarHub
        147 30 STARHUB is offering MaxOnline broadband customers free subscription for its Digital Voice fixed line service, with unlimited local calls. The telco has also released a Digital Voice Value Bundle priced at $4.73 per month, which adds Caller Number Display, Call Waiting, Call Divert Plus and Voicemail
        147 words
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        Lock icon Golf, anyone?
        73 30 SONY Ericsson's latest 3G handset, the K600i, was released in stores last week. A slimmer and lighter 3G handset than its predecessors, the phone packs in a*l .3 megapixel camera with 4x digital zoom, a large 1.8 inch display, and digital music playback capabilities. It also comes bundled
        73 words
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        Lock icon Privacy matters with Acronis
        60 30 STORAGE management and security solutions provider Acronis has released Acronis Privacy Expert Suite 8.0 Corporate. The latest version is targeted at the enterprise environment to protect workstations and servers, and features a centralised management console and the ability to deploy agents to networked PCs. It is
        60 words
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        Lock icon More pixels for enthusiasts
        84 30  -  Compiled by ROLAND LIM TAIWAN-BASED Digimaster has released the Digimaster HAPPYCAM 5010, an eight-megapixel camera for photography enthusiasts who want more pixels. It features a 3x optical zoom lens and a 2.5-inch Low Temperature Poly Silicon (LTPS) display which is brighter but consumes less power compared
        84 words
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      Lock icon Big Blue launches service to boost business performance
      546 31  -  BT exclusive S'pore ready to go beyond infotech outsourcing: IBM exec By RAJU CHELLAM COMPUTING leader IBM Corp has launched in Singapore a comprehensive services package that combines and goes beyond IT outsourcing and business process outsourcing. Its new Business Performance Transformation
      546 words
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      Lock icon Is dotcom back in vogue?
      1492 31 Valuations are once again at eye-popping levels. But there's a difference this time around AMAZON, the pioneering online retailer, celebrated its 10th birthday on Saturday night with a live concert, streamed on its website, featuring Norah Jones and the B-525; eßay, the auction site, celebrated
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      Lock icon SAP unveils first product developed with M'soft
      434 31  -  By AMIT ROY CHOUDHURY GERMAN software major SAP last week unveiled in Singapore a product jointly developed with Microsoft Corp that links functions in SAP processes directly to Microsoft Office applications. Dubbed "Mendocino", it is the first product jointly developed by the two
      434 words
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      Lock icon New Symantec looking to hire in Asia
      845 32  -  After merger with Veritas, top regional bosses to be based in S'pore, reports AMIT ROY CHOUDHURY AMIT ROY CHOUDHURY SECURITY software vendor Symantec is looking to hire more people and expand operations in Singapore and the Asia-Pacific region (including Japan) after completing its
      845 words
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      Lock icon Netgear sees 70% growth in Asia-Pac this year
      332 32  -  By ROLAND LIM NETWORKING equipment maker Netgear Inc is betting that its Asia-Pacific business will see growth in the high double digits this year. "Our business in Asia Pacific grew around 50 per cent last year, and this year, we are looking
      332 words
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      61 29 Business Takeover Our client is willing to acquire a running SME Business, preferably Manufacturing (Maximum investment limit S$5OOK) Interested Parties may send details Viki Martin Consultants Fax: (+65) *****135 Email: worldvmc@pacific.net.sg I Uanhe Zaobao ig I One moves south, I I one heads north I I Rates for I I
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      615 30 By I Bringing Business Value to the Enterprise Using Best Practices and Standards for Better IT Governance Why Standards Processes Matter? In today's high technology environment organisations are more and ii i j j u .or, more dependent on their information systems. In a recent survey, it Internationally recognized standards
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      643 31 ■nMCall toll-free 1800 289 8822 In the Matter of the Companies Act, Cap. 50 And In the Matter of AQUAGEN (SINGAPORE) PTE LTD (IN CREDITORS' VOLUNTARY LIQUIDATION) Company Registration No. *****1559 M NOTICE OF APPOINTMENT OF LIQUIDATOR NOTICE IS HEREBY GIVEN THAT AT AN Extraordinary General Meeting of the Company
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      745 32 ADVERTISEMENT 4 m m lit m FuJftsulJnveils Mission-Critical 1 Server for Linux and Windows Wm U J Ik 1 j 1111 PRIMEQUEST High-end Itanium 2 Server Line Expands Reach of Open Industry Standards to Include Mission-Critical Enterprise and Flexible I/O (FIO). System Mirror, enabled by dual synchronous system architecture, allows
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      10 32 Big Blue launches service to transform business performance PG 31
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