The Business Times, 20 July 2005
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2005-07-20
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The Business Times
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Title Section15 2005-07-20 1 THE BUSINESS TIMES Wednesday, July 20,2005 SINGAPORE 85 cents online at http^/business-times^sial.com^g MICA (P) 089/03/200515 words
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Article, Illustration1265 2005-07-20 1 KALPANA RASH IWALA - Consultants, developers, analysts unanimous in saying it's positive for housing market By KALPANA RASH IWALA [SINGAPORE] National Development Minister Mah Bow Tan took pains to stress yesterday that the package of measures he announced on the property market is meant neither to boost nor depress1,265 words
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482 2005-07-20 1 JOYCE KOH - BT exclusive AirAsia CEO said to have made a pitch to Valuair bosses By JOYCE KOH [SINGAPORE] In the latest twist to the Valuair saga, Malaysian-based Air Asia is not out of the running to take over482 words
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Page 1 Advertisements
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Advertisement15 2005-07-20 1 man in *vuc itniff •1 IK IVLifa Corp CEO Kah Kim Hpiwi 8 llf i!15 words
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Advertisement171 2005-07-20 1 Hotdcsbfor MORE REPORTS Commentary: Confidence matters more than new policy PG2 Leasehold properties: greater flexibility PG 4 Big boost for foreign ownership PG 5 Full text of Mah Bow Tan's speech PG 19 Celebrated Worldwide The Lincoln Modern H V |BRO|L Conferred the Royal Institute of British Architects (RIBA) Worldwide171 words
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Advertisement21 2005-07-20 1 ftSUR/UffF How to strike balance between benefits and costs re 32 v.- v JOB CUTS HR to slash 14,500j0bs woridwide i >.21 words
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TOP STORIES
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Article97 2005-07-20 2 IN the report "SC Global says its offer for Vantage has highest value" (BT, July 19), we said that Vantage shareholders will meet tomorrow to vote on the three offers for the company's shares. That's incorrect. Vantage shareholders are meeting tomorrow for the company's annual general meeting. In "Raffles97 words
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Article, Illustration1142 2005-07-20 2 WONG WEI KONG - COMMENTARY By WONG WEI KONG JUDGING by the stockmarket reaction yesterday, many expect the latest policy changes relating to the property market to drive up demand for private homes and push prices higher. But don't bet too much on that happening. The policy changes1,142 words
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Article408 2005-07-20 2 30-59 year leases can now be bought with CPF funds THE decision to allow Central Provident Fund members to buy properties that have a minimum lease period of between 30 and 59 years from the previous 60-year cap is aimed at giving Singapore's ageing population the flexibility to408 words
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Page 2 Advertisements
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Advertisement62 2005-07-20 2 An-An Travel Tour 6538 2538 Jetabout Holidays *****818 Maple Aviation: 6538 5615 Terms and conditions: 1. Fares quoted are for one-way and exclude airport taxes, admin fees, insurance and fuel charges, 2. Seats subtect to availability. 3. A service fee is applicable for bookings through our Call Centre and travel62 words
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Advertisement33 2005-07-20 2 FULLTEXT OF MAHBOW TAN'S SPEECH DELIVERED IN PARLIAMENT YESTERDAY Policy changes affecting the property market PGI9 OTHER REPORTS What property players say PGS4&S New lease of life for home buyers and bankers PGS33 words
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Page 3 Advertisements
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Advertisement528 2005-07-20 3 IMPORTANT NOTICE The Prospectus is available upon request and a copy may be obtained from any DBS Bank branch (including POSB), ÜBS AG, acting through its business group, ÜBS Investment OFFER FOR SUBSCRIPTION BY Bank, and where applicable, from certain members of the Association of Banks in Singapore, members of528 words
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PROPERTY CHANGES
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709 2005-07-20 4 ARTHUR SIM - Use of CPF for homes with shorter remaining leases seen as significant By ARTHUR SIM IN a move aimed at giving Singapore's ageing population the flexibility to buy property and have sufficient funds for retirement, the Central Provident Fund will now709 words
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557 2005-07-20 4 ARTHUR SIM - By ARTHUR SIM NON-RELATED singles can now use their Central Provident Fund savings to buy private properties together. This change to the use of CPF savings, announced in Parliament yesterday by National Development Minister Mah Bow Tan, may not have the557 words
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Article, Illustration743 2005-07-20 4 ALEXANDRA HO - CPF rule changes win some, lose some 3 of 6 changes seen having limited effect on market Reports by ALEXANDRA HO WHILE some of the six CPF changes announced yesterday by National Development Minister Mah Bow Tan could affect the property market positively, others will generally have minimal impact, consultants743 words
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Article, Illustration235 2005-07-20 4 Mah Bow Tan, Minister for National Development The overall impact of these measures on the market may be positive or negative, but that is not the purpose of our review. Rather, the changes must be seen in their totality, as a package that will enable the property235 words
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314 2005-07-20 4 THE take-up rate is small and alternatives, such as property funds, are now available. This is why the CPF Board is phasing out the non-residential properties scheme (NRPS), which allows CPF members to use their fund to buy non-resi-dential properties such as offices,314 words
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486 2005-07-20 5 ALEXANDRA HO - By ALEXANDRA HO IT'S about time the government did away with some of the restrictions on foreign ownership of residential property, consultants say. No wonder then that they gave the thumbs-up to National Development Minister Mah Bow Tan's announcements yesterday on changes486 words
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Article, Illustration378 2005-07-20 5 Tan Tiong Cheng, managing director. Knight Frank 'Everything in the package is positive for the property market. There's nothing negative. What may seem negative are actually necessary safeguards, for example, to protect the nest egg of people reaching retirement age.' Jack Chua, ERA president 'These policies are378 words
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Article, Illustration719 2005-07-20 5 SIOW LI SEN - Some may review loan products with squeeze on capital requirements By SIOW LI SEN EMBRACING the relaxed rules on home loans, the three local banks yesterday said they will start offering 90 per cent financing to home719 words
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Article, Illustration366 2005-07-20 5 R SIVANITHY - By R SIVANITHY NEWS yesterday that the government will relax restrictions on buying private property sparked a stampede into property and bank stocks, with the SGX Properties Index shooting up 8.4 per cent to its highest point in five years. The SGX Finance index surgedSource: Bloomberg - 366 words
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520 2005-07-20 5 KALPANA RASHIWALA - By KALPANA RASHIWALA CHANGES announced yesterday could mark the end of future land-banking strategies for some big developers like City Developments, Hong Leong Holdings, Capita Land and Keppel Land. With immediate effect, they no longer enjoy an advantage over other520 words
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483 2005-07-20 5 JEAN CHUA - By JEAN CHUA THE need to ensure that Singapore continues to have a healthy economy, a sound financial system and that the people have enough in their pension funds made the government decide on the most comprehensive change in housing policy483 words
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SALE OF AN ICON
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Article, Illustration731 2005-07-20 6 TEH HOOI LING - Cashflow growth, yield on funds spell fair deal for Colony, CapitaLand By TEH HOOI LING AT a price tag of $1.72 billion, how much does US private investment firm Colony Capital need to rake in from Raffles Holdings' hotel business to justifyBLOOMBERG - 731 words
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Article, Illustration299 2005-07-20 6 Spike sends Capita Land shares beyond fair value: UOB Kay Hian THE share prices of Raffles Holdings and its parent Capita Land surged yesterday after the former said it would sell its hotel business that would reap it cash of $1.45 billion. Raffles Holdings jumped 33Source: Bloomberg - 299 words
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418 2005-07-20 6 CHEN HUIFEN - Recent sales failed to boost prices of other hotels By CHEN HUIFEN PROPERTY analysts have sounded a note of caution as Raffles Holdings' billiondollar sale of its hotel business fanned hopes yesterday of a swift upward valuation for Singapore hotels. As418 words
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671 2005-07-20 6 R SIVANITHY - HOCK LOCK SIEW By R SIVANITHY EVEN as the dust settles on the mega-divestment of all the hotels business of Raffles Holdings Ltd and as shareholders pat RHL's management on the back for a job well done, it's worth pondering the flip671 words
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Advertisement144 2005-07-20 6 E5O Leaders Talk What are the benefits of branding? Why are brands so few and far between among Asian companies? And how do you go about building a product or corporate brand and then making semi(lP'' To discover the answers to these questions, we invite you to spend 9wgw a144 words
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COMPANY NEWS
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759 2005-07-20 7 JOYCE KOH - Vantage CEO dislikes attention but finds himself drawn into takeover tussle By JOYCE KOH HE heads two public companies in Singapore, but not much is known about Kea Kah Kim. So publicityadverse is he that he doesn't want his picture to759 words
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208 2005-07-20 7 UNITED Overseas Bank and STA Holdings, UK (Schneider Group) have formed a joint-venture company to give professional traders 24-hour electronic access to global markets. UOB through whollyowned UOB Bullion and Futures (UOBF) and Schneider Group will hold equal shares in Singaporeincorporated208 words
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385 2005-07-20 7 MICHELLE QUAH - By MICHELLE QUAH FRASER Neave which brews beer, runs shopping malls and prints magazines has entered into a deal with Hong Kong-based property development company Vision Century Corporation. The $70.6 million deal will see F&N sell part of its property assets in385 words
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199 2005-07-20 7 Reuters PLASTICS parts maker First Engineering Ltd said it is targeting sales and earnings growth of about 20-30 per cent in the year to March 2006, thanks to strong orders for printers and hard disk drives. The Singapore-based firm which makes printer cartridges andReuters - 199 words
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Article, Illustration622 2005-07-20 7 MICHELLE QUAH - BT exclusive Ex-CAO chief makes court application for permission By MICHELLE QUAH THE suspended chief executive of China Aviation Oil (CAO) is understood to have been back in court this week to seek permission to return to China for the funeral ofFILE PHOTO - 622 words
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265 2005-07-20 7 Bloomberg MAPLETREE Investments Pte may raise the maximum Ss2ll million it is seeking in an initial public offering of its property trust after investors ordered 20 times the available shares, bankers involved said. Shares in Mapletree Logistics Trust will probably be sold at 68 SingaporeBloomberg - 265 words
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Advertisement103 2005-07-20 7 I Winning to prepare your P i Mil Sdfl iklffw 11 111 I^ll] ■Wfl II business for the unexpected I Learn how can the door I f to sustainable profits Lkm- v Equip your business for the next big Kip change in the global business landscape ip 8 V Examine103 words
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SINGAPORE MARKETS
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Article, Illustration903 2005-07-20 8 LARRY WEE - CURRENCIES Greenback hits new 14-month high in Asia despite yuan speculation LARRY WEE Senior Correspondent US bulls again dominated currency market activities over the past week, keeping big upside targets for the US dollar very much in their gunsights. Closer to home, even903 words
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TRADES TO WATCH
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405 2005-07-20 8 INVESTMENT bank Goldman Sachs Group became a substantial shareholder of newly-listed STX Pan Ocean last Thursday with a deemed stake of 7.16 per cent, comprising Goldman Sachs (Singapore) 5.25 per cent (over-allotment option), and the discretionary positions of Goldman Sachs Co405 words
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80 2005-07-20 8 JEAN CHUA - Compiled by JEAN CHUA AN open-market purchase last Friday has raised Aberdeen Asset Management Asia's deemed stake in City Developments further from 5.05 per cent to about 5.09 per cent Aberdeen became a substantial shareholder of CityDev last Thursday with a deemed holding80 words
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Article, Illustration447 2005-07-20 8 OTHER SINGAPORE INDICES Jul 19 VALUE CLOSE BT OB/OS 218-00 -26.00 BT CADI -*****.00 +33.00 BT 10-day MA -*****.00 +22.00 All-SG Equities 587.60 +9.83 SG Equities Elect 139.67 -1.28 SG Equities Fin 1642.26 +55.94 SG Equities Prop 634.43 +48.94 SIMSCI 272.88 +5.45 SiMSCI Futures 274.20 +6.30 MOST ACTIVE STOCKS VOLUME447 words
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Article273 2005-07-20 8 JOYCE KOH - Compiled by JOYCE KOH Capita Land July 19 dose: 552.67 MERRILL LYNCH, July 18 CAPITALAND'S 60 per centowned subsidiary, Raffles Holdings Ltd, has sold its hotel business for net proceeds of $1.43 billion. Capita Land consolidates Raffles Holdings in its accounts and will receive a special dividend of273 words
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Article, Illustration401 2005-07-20 8 R SIVANITHY - STOCKS R SIVANITHY Senior Correspondent LARGE gains in banks and property stocks following news that the government is to relax the rules relating to property purchases ensured that the Straits Times Index yesterday rocket up 44.78 points to a new high for this millennium of401 words
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Article, Illustration219 2005-07-20 8 Yeo Kee Yan - CHART POINT By Yeo Kee Yan, chartist at Kelive Research THE latest property policy changes propelled the ST Index above the mid-*****. We have amended our previous rising trendline from t-t, which had been pivotal in supporting dips in recent weeks, to the more aggressive T-T219 words
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COMPANY NEWS
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Article564 2005-07-20 9 ROLAND LIM - FINANCIAL RESULTS Net profit margins under pressure while capex shows lack of direction By ROLAND LIM SLOW take-up for thirdgeneration (3G) networks continued to take its toll on Mobile One (Ml), as its profits fell 7 per cent in the first half of564 words
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Article, Illustration365 2005-07-20 9 CHLOE CHOY - By CHLOE CHOY BUSNIESS conditions continue to be tough for mainboard-listed Qian Hu Corporation, with the ornamental fish company yesterday posting a more than 50 per cent plunge in both its second-quarter and first-half net profit. The second quarter ended JuneFILE PHOTO - 365 words
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COMPANY BRIEFS
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70 2005-07-20 9 TELECOMMUNICATIONS company ArianeCorp has hired Ong T eck Guan as chief operating officer. Mr Ong, 42, will be in charge of the group's management, operational and strategic planning, sales and marketing, and acquisitions or valuation analysis for the company and its subsidiaries, it said.70 words
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106 2005-07-20 9 MARINE services company Ezra Holdings will raise $36.7 million by placing out 30 million new shares at $1.26 apiece.it said yesterday. Managing director Lionel Lee said the net proceeds will help to finance new projects. He said: "Demand in the offshore services support106 words
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Article68 2005-07-20 9 YHI International said the general manager of its Taiwan office. Wu Hung Ling, has resigned, with effect from June 30. The tyre distributor said it has arranged for a senior manager in its manufacturing plant in Taoyuan, Taiwan, to take over from Mr Wu. YHI68 words
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68 2005-07-20 9 UNITED Overseas Bank has purchased 50,603 more shares in Far Eastern Bank, bringing its stake to 77.8 per cent. UOB said it paid a total of $61,735.66 for the shares on a "willing-buyer, willing-seller" basis. Based on Far Eastern's figures as68 words
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Advertisement47 2005-07-20 9 i f 1 r 'FT ■i^Hi^^^HHnnp 1 |B 1 •>5? WTl'*r v T T fIK. y "l- jr- £'1 I I H ||y*six' appea f h -J^^HI^HHMHI^^^HB r- Wmm£s 1* H mm k v A Mas* .>:&K& I*u? i^ aPA s .-^JM^—i■gMpr^^niß^B^^^H^l --a* i K* Jii^H&nlH^^^^^^^HHHH kgfl47 words
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Advertisement17 2005-07-20 9 Head to The New Paper Fast Ads for education options! Buy It m It Find It j17 words
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SINGAPORE NEWS
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Article257 2005-07-20 10 THIS year's Singapore Environmental Achievement Awards (SEAA) 2005 has a new category to reward small and medium enterprises (SMEs) for commitment to environmental friendliness. Last year, the Singapore Environment Council (SEC) received 48 applications for the awards, of which 15 were from SMEs, but257 words
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Article, Illustration382 2005-07-20 10 WEE LI-EN - SBF signs MOU with Hungarian investment and trade agency By WEE LI-EN VISITING Hungarian Prime Minister Gyurcsany Ferenc yesterday suggested that businessmen here set up a fund to invest in his country. Mr Ferenc said: "For a country like Singapore, going, for example,AP - 382 words
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486 2005-07-20 10 RONNIE LIM - By RONNIE LIM HIGH oil prices coupled with the robust inter-re-gional oil trade are sparking off more investments in Singapore's oil storage sector. Oiltanking breaks ground today for a tankfarm expansion on Jurong Island, rival Vopak, the biggest independent terminal operator here,486 words
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189 2005-07-20 10 AP [SINGAPORE] A Singapore company has been fined for exporting circuitry that could have been used as a component in nuclear weapons, authorities said yesterday. Far Eastron Co was fined 5520,000 after it pleaded guilty to exporting dual-use integrated circuits without a properAP - 189 words
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283 2005-07-20 11 CHUANG PECK MING - YESTERDAY IN PARLIAMENT GE Life, NTUC Income free to offer better terms By CHUANG PECK MING PARLIAMENT yesterday approved changes in the Central Provident Fund Act that will pave the way for the privatisation of the Dependants' Protection Insurance scheme and283 words
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Article, Illustration382 2005-07-20 11 CHLOE CHOY - By CHLOE CHOY GOOD work-life programmes not only ensure a balance between an employee's work and personal commitments, it can also benefit the company that was the message brought home yesterday at a conference to kick off Work-Life Harmony Week. With the theme ofFILE PHOTO - 382 words
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NEWS ROUNDUP
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82 2005-07-20 11 OAG Worldwide kicks off Singapore's first reality travel challenge The OAG Travel Planner Challenge at midnight on Friday. Participants from 18 countries, including Singapore, have to use the OAG Travel Planner online and plan a trip that fulfils conditions set by OAG. All foreigners82 words
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54 2005-07-20 11 THE Singapore Police Force yesterday said that the total number of seizeable offences for the first six month of this year rose by 28.1 per cent or 4,668 cases, compared with last year. Most of the increase came largely from (heft offences as54 words
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154 2005-07-20 11 THE building and construction industry has just received a boost from a research collaboration agreement signed between the Institute of Chemical and Engineering Sciences (ICES) and Nippon Paint (Singapore). ICES, a member research institute under the Agency for Science, Technology and Research (A*Star), develops154 words
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Advertisement700 2005-07-20 11 m,-'- M tatocdfl V PjV 1 -.>V?'uiK y^H Fly high in First or Business at these low prices. For a limited time, we're offering special deals on First and Business class travel to the U.S. It's your chance to catch an exceptional flight at exceptional savings. Best of all, unlike700 words
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ECONOMY WATCH
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Article, Illustration1059 2005-07-20 12 Job prospects dim, sapping consumer confidence and spending Bloomberg [SINGAPORE] Thailand's Siam City Cement pel is burning used tires, trees and even rice husks to generate the heat needed to make cement as surging oil prices squeeze profits. "It's a veryBloomberg; AP - 1,059 words
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428 2005-07-20 12 MIER cuts Malaysian GDP growth forecast again, to 5.1 Reuters [KUALA LUMPUR] Surging oil prices will raise costs and dampen Malaysia's economic growth tiis year, reinforcing arguments for a currency revaluation to help tame inflation, a leading think tank s&id here yesterday. The Malaysian Institute of Economic Research (MIER), whoseReuters - 428 words
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250 2005-07-20 12 Bloomberg [KUALA LUMPUR] A stronger US dollar provides an opportunity for Malaysia to abandon its ringgit peg, Malaysian Institute of Economic Research executive director Mohamed Ariff Kareem said. "It is better to do it before serious misalignment emerges," he saidBloomberg - 250 words
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354 2005-07-20 12 Tighter rules, rise in domestic activity cramp foreign 1 bids [TOKYO] Private equity investments in Japan and China tumbled in the first half of the year as fed tape, new tax regulations and rising domestic competition hit activity by foreign investors, reported354 words
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Article118 2005-07-20 12 Xinhua [MACAU] Macau's income from direct gaming tax reached 8.15 billion patacas (Ssl .79 billion) in the first half of the year, a year-on-year increase of 24.9 per cent. Statistics released yesterday by the Finance Service Bureau showed that the direct gaming tax payments madeXinhua - 118 words
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Advertisement516 2005-07-20 12 9infocomm B£EXjJ^jjSßßk^^^H|^9p*r Commerce Conference HH^hm_||_Hß ftspwng Todiy's Emerpnst for Tomorrow's Tsdvxaogy Date: 18 August 2005, Thursday Time: 8.30 am to 5.30pm Venue: 3 r d Floor, Theatre, Suntec Singapore nL^^B Your Business Potential with rrvrt One *Free admission ticket per registered company. Registration Subsequent Participant: $40 SCCCI member $60 non-member516 words
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MALAYSIA
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Article, Illustration662 2005-07-20 13 PAULINE NG - Her ministry's issue of permits to Malay elite seen as tool of political patronage By PAULINE NG vj nwtiiiih w in Kuala Lumpur THE gathering furore over car-import perks saw a Malaysian government minister in tears yesterday. For from stemming mutterings of discontent,REUTERS - 662 words
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479 2005-07-20 13 PAULINE NG - IJM rights exercised below market price; counter sees 73.3m units traded By PAULINE NG in Kuala Lumpur ONE man's loss on the stock market yesterday turned out to benefit many others. What appeared to be an erroneous sell order by a dealer at a479 words
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Article2315 2005-07-20 13 vol General Corp .0.50 unch 89 Mil Ml rm) Genting 19 JO unch 357 George Kent .0.63 -0.02 353 ASM Realty 1.52 -0.01 5 GHLSystems 0.22 unch 383 039 -001 72 Globetronks Tech 0.44 0.01 884 ACP Industries .0.72 0.01 3 GlomacBhd 1.34 -0.02 43 Advance Synergy 0.302,315 words
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Advertisement243 2005-07-20 13 I I. Ill- |)mmi-( I I f I > .11*1 7 lie re to \v 111 v, c1111 c <i i i c I i i 1 c k rI <i 11 i 1 1 i ES. i r^j^jgMPPje^ 1 j YEL&* Value .it r f f»<l lirft |M'r lit*111243 words
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Advertisement61 2005-07-20 13 MERITUS MANDARIN SINGAPORE v tnmwovitsimc MIMMf Buffet Lunch: 12:00 noon to 430pm Weekdays $24.80* (Adult) 15.80* (Child) Weekends $26.80* (Adult) MgZZanng $16.80* (Child) Reservations: 6831 6286/88 'Prtca an street to lOH xrvkz chm& imd pmdtnggMcmma* Ota MEATUS MANDARIN A division of Overseas Union Enterprise Limited (Company Registration N0.*****0050E) 333 Orchard61 words
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GREATER CHINA/INDIA
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Article, Illustration495 2005-07-20 14 INDIA VS CHINA India stocks hitting new highs but economic growth lags behind China's Bloomberg [MUMBAI] Investors should look past China's stuttering stock markets and buy the nation's shares because of the outlook for growth in the most populous country, according toBloomberg; Source: Bloomberg - 495 words
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295 2005-07-20 14 Times of India [NEW DELHI] It's the India versus China debate all over again. And China seems to be emerging the winner again. Despite India offering returns on investment at par with China, an overwhelming majority of multinational investors view the communistTimes of India - 295 words
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162 2005-07-20 14 Reuters [FRANKFURT] SAIC, China's biggest carmaker, has made a formal offer to buy collapsed British automaker MG Rover with the goal of resuming halted car production in the British Midlands, it said. SAIC, which is wholly owned by the government of Shanghai, said itReuters - 162 words
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Article, Illustration388 2005-07-20 14 Reuters [BEIJING] Chinese banks, while curbing long-term loans to overheated sectors, will boost working capital loans to selected firms, the head of central bank's monetary policy department was quoted yesterday as saying. Commercial banks would "ensure working capital loans to companies that have marketableReuters; AFP - 388 words
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408 2005-07-20 14 Bloomberg [HONG KONG] A Hong Kong judge has ordered the associates of three former Bank of China (BOC) employees to repay the lender HK5234.4 million (Sssl million), after he ruled they received the money knowing it was stolen from the lender. HongBloomberg - 408 words
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372 2005-07-20 14 Reuters [WASHINGTON] President George W Bush, in a dramatic policy shift, promised India full cooperation on Monday in developing its civilian nuclear power programme without demanding that it sign a major nuclear arms control treaty. A statement released after talks with PrimeReuters - 372 words
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NOTE BOOK
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82 2005-07-20 14 Bloomberg [BEIJING] CNOOC Ltd's largest non-government shareholder William Blair Co sold its 0.57 per cent stake in China's third-biggest oil company because it doesn't support CNOOC's US$lB.5 billion bid for Unocal Corp. The offer for Unocal suggests CNOOC "no longer believes that it can achieveBloomberg - 82 words
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71 2005-07-20 14 Bloomberg [KUALA LUMPUR] Proton Holdings Bhd, Malaysia's biggest automaker, denied a news report that a planned alliance with Volkswagen AG had stalled, saying it was "incorrect and purely speculative". Discussions on a tie-up have stalled because Proton's senior management rejected a plan for Volkswagen, Europe's largestBloomberg - 71 words
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Article81 2005-07-20 14 Reuters [MUMBAI] India plans to relax import rules for gold to ensure a steady supply for the world's largest gold consumer, though it faces resistance from traders who say the move could lead to more money laundering. The country of over one billion people,Reuters - 81 words
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Article104 2005-07-20 14 Reuters [SHANGHAI] China's central bank has prepared US$l.2 billion to help kick off a long-awaited stock market rescue fund, an official said yesterday, denying reports the money would be used to aid distressed brokerages. The official Shanghai Securities News reported last week that the People'sReuters - 104 words
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Page 14 Advertisements
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Advertisement253 2005-07-20 14 nCllftHceiaMWtttt THE COMPANIES ACT, CAP. 50 FUHN-UNE COMMUNICATIONS PTE LTD. (Co. Regn. No. *****4940-M) (In Voluntary Liquidation) At an Extraordinary General Meeting of the members of the abovenamed company duly convened and held at its registered office at 215N Upper Thomson Road. Singapore *****9 on the 18th day of July,253 words
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Advertisement77 2005-07-20 14 SMRT CORPORATION LTD *****,000,000 MULTICURRENCY MEDIUM TERM NOTE PROGRAMME SERIES NO. 001 5550,000,000 FLOATING RATE NOTES DUE 2010 Pursuant to Condition 14 of the Notes, notice is hereby given that for the Interest Period beginning on 20 July 2005 and ending on (but excluding) 20 January 2006, the Notes will77 words
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ASIA-PACIFIC/WORLD
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Article, Illustration584 2005-07-20 15 Cuts are expected to save firm US$1.9b annually Reuters, NYT [NEW YORK] Four months after hiring a new chief executive, HewlettPackard (HP) yesterday said it would slash its workforce by 14,500 jobs, or about 10 per cent in a major revamping plan.Reuters,; NYT; REUTERS FILE PHOTO - 584 words
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531 2005-07-20 15 Bloomberg [BANGKOK] Thailand's Cabinet yesterday imposed emergency rule in three provinces in the country's Muslim-dominated south. The measure allows authorities to detain suspects without charge and censor the media as the military battles an insurgency that has left more than 900 people dead inBloomberg - 531 words
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WORLD WATCH
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88 2005-07-20 15 Reuters [NEW YORK] US housing starts were flat in June as a drop in groundbreaking on single-family homes was offset by higher multi-family housing construction, a Commerce Department report showed yesterday. "Building permits are strong and it's more encouraging news for the economy,"Reuters - 88 words
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80 2005-07-20 15 Bloomberg [NEW YORK] General Motors Corp (GM) hired top-ranked auto analyst Stephen Girsky from Morgan Stanley to advise its executives as they try to return the company to profitability. Mr Girsky, 43, will join GM on Aug 1, the automaker said on Monday.Bloomberg - 80 words
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95 2005-07-20 15 Reuters [NEW YORK] Merrill Lynch Co, the biggest US brokerage, yesterday said second-quarter profit rose 5.6 per cent, beating estimates, as investment banking revenue increased despite tough market conditions. Revenues at the investment banking unit, which include securities trading, jumped 30 per cent toReuters - 95 words
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77 2005-07-20 15 NYI Reuter [NEW YORK] News Corp on Monday said it would buy Intermix Media Inc, owner of the popular MySpace.com social networking site, for US$5BO million in a move to expand the media conglomerate's Internet offerings. The deal comes after News Corp announcedNYI; Reuter - 77 words
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116 2005-07-20 15 Reuters [LONDON] British insurer Equitable Life has dropped a large part of its negligence action against former auditor Ernst Young (E&Y), slashing its claim for damages to £700 million (Ss2.l billion) from an initial £2.05 billion. The insurer told the English High Court onReuters - 116 words
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68 2005-07-20 15 AP [DEARBORN, Michigan] Ford Motor said its profit fell 19 per cent in the second quarter from a year ago, stung by lower production and intense competition in North America, where it lost more than US$9OO million. The company said thatAP - 68 words
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327 2005-07-20 15 Reuters [GENEVA] Banks actively trading complex instruments or illiquid securities may see their risk capital charges rise under new rules published on Monday by the global watchdog group, the Basel Committee on Banking Supervision. The Basel Committee published the long awaited text,Reuters - 327 words
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Article, Illustration362 2005-07-20 15 Reuters [TOKYO] Citigroup has lost a mandate to manage 700 billion yen (5510.5 billion) worth of Japanese public funds, the Financial Times reported yesterday. The loss of the contract came after the government ordered the closure of its Japanese trust business unit followingReuters; BLOOMBERG - 362 words
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516 2005-07-20 15 NYT. Reuters [NEW YORK] After stumbling earlier this year, IBM reported second-quarter profit and sales on Monday that surpassed Wall Street's expectations. The strength was particularly evident in businesses that the company is betting on for its future technology services and software.NYT.; Reuters - 516 words
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348 2005-07-20 15 Bloomberg [NEW YORK] Apple Computer moved up a notch to become the No 4 seller of personal computers in the US in the second quarter as Macintosh PC sales soared by a third. China's Lenovo Group lost market share. Apple wonBloomberg - 348 words
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AVIATION
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Article, Illustration458 2005-07-20 16 Carriers exploiting strongest demand for summer travel since 2000 Bloomberg [DALLAS] US carriers including Continental Airlines Inc and American Airlines are adding international flights to boost revenue and beat discount rivals. The airlines are exploiting the strongest demand for summer travel sinceBloomberg; BLOOMBERG - 458 words
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287 2005-07-20 16 VEN SREENIVASAN - By VEN SREENIVASAN [SINGAPORE] Jetstar Asia, which is headed for a merger with discount carrier Valuair, is starting thriceweekly services to Kolkata from'next month, making it the first South-east Asian budget carrier to start services to the Indian city. The service will287 words
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240 2005-07-20 16 Bernama [JAKARTA] Indonesian state-owned airline company PT Garuda Indonesia will close money-losing domestic and international flight routes in an effort to make its operations more efficient amid the increasing price of aircraft fuel, PT GI president director F.mirsyah Satar said. "We will close economically inefficientBernama - 240 words
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555 2005-07-20 16 Bloomberg Reuters [WASHINGTON] Northwest Airlines Corp and Delta Air Lines are lobbying the US government to exempt their collaboration in the world's second-largest airline alliance from antitrust laws. American Airlines is fighting the plan. Northwest is seeking antitrust immunity for its participationBloomberg; Reuters - 555 words
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LOG BOOK
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73 2005-07-20 16 Bloomberg [DUBAI] Emirates, the largest Arab airline, plans to double the frequency of its direct flights to New York from the carrier's Dubai hub to twice daily to meet rising demand. The Dubai government-owned airline will begin the additional service using a secondBloomberg - 73 words
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64 2005-07-20 16 Reuters [HONG KONG] Hong Kong's airport handled 280,000 tonnes of cargo in June, 12.7 per cent more than a year earlier, driven by strong demands for exports from the US and Europe, the Airport Authority said. Passenger traffic also grew, with 3.30Reuters - 64 words
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260 2005-07-20 16 AFP [LONDON] A British teenager said he had launched a low-cost airline from his bedroom, becoming possibly the youngest airline boss in the world. "I started flying lessons when I was 16 and my friends started joking about us buying a plane together and flyingAFP - 260 words
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Article1710 2005-07-20 16 OTT WW IT* WW ITP WU j» •MMa LH9771 IMS IH9770 2300 i! ***** 2300 —HI H-S-S Ahaiadabad ***** 0630 Darwin A***** 2215 -I! I j§J g l| j *****2 1M0 5Q6881 2020 1725 GA841 1825 5Q6882 1840 (*****5 2100 1S9I ****** 119? NZ4386 2045 5Q2851,710 words
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Page 16 Miscellaneous
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Miscellaneous236 2005-07-20 16 CRYPTIC CROSSWORD 1 Newspaper or clothing busi5 Seizes sovereign midst sounds g of horror (6) I I I 111 9As productive as a market- gardener? 10 A time to make bequests as 11 j j j j j 12 Lack interest in bedroom —UhJ— 21 Vain appeal to wanton con-236 words
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AVIATION/SHIPPING
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213 2005-07-20 17 AP [SEATTLE] The Boeing Co launched a new version of its narrow-body 737 jet on Monday, as it completed a 30-plane sales agreement with Lion Air, a low-cost Indonesian carrier. The 737-900ER, formerly known as the 737-900 X, is designed to carry moreAP - 213 words
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Article, Illustration429 2005-07-20 17 AP. Bloomberg. AFP [SEOUL] South Korea's Asiana Airlines scrambled to find alternative ways to ship products for some of the country's biggest corporations after cancelling all of its cargo flights yesterday because of a pilots' strike. The airline, South Korea's second-largest, dropped aroundAP.; Bloomberg.; AFP; BLOOMBERG - 429 words
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253 2005-07-20 17 Bloomberg, AP [NEW DELHI] Air India Ltd, the nation's largest overseas carrier, said its lowfare unit Air India Express has cancelled some flights to the Middle East after the resignation of eight pilots left it short-staffed. The airline halted three flightsBloomberg,; AP - 253 words
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Article, Illustration562 2005-07-20 17 DONALD URQUHART - Indonesia/Malacca Strait's 29% drop partly due to Dec 26 tsunami: IMB By DONALD URQUHART [SINGAPORE] Global pirate attacks dropped 30 per cent in the first half of 2005 over last year with Indonesian waters again proving the most treacherous with violenceSource: - 562 words
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268 2005-07-20 17 DONALD URQUHART - By DONALD URQUHART [SINGAPORE] Transpacific container lines operating from Asia to the US will apply a new inland fuel surcharge in order to recoup what they say has been an ongoing wave of increasing surcharges by intermodal rail and truck operators. Effective Aug 15,268 words
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257 2005-07-20 17 Bloomberg [HONG KONG] Modern Terminals Ltd, one of Hong Kong's largest port operators, will build five berths at a new 7 billion yuan (SSI.4 billion) container port development in southern China. Modern Terminals, which is controlled by Wharf (Holdings) Ltd, has signedBloomberg - 257 words
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124 2005-07-20 17 Reuters [VANCOUVER, Canada] There has been no progress in talks to end a strike by the Port of Vancouver's short-haul truck drivers as the dispute enters its fourth week, the trucking companies said. The dispute over the drivers' demands for sharply higher ratesReuters - 124 words
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Article285 2005-07-20 17 s«x w Ml) SS W Vol CH Offshore .039 0.01 2878 Chuan Hup J)JS2 0.03 S612 Coko Corporation 2.09 0.04 7667 CWT Distribution .067 -0.01 109 EzraHldgt 136 unch 0 Freight links .0.06 unch 106 Grand BanfciYadK .0.95 inch 0 Java Holdings 121 -0.03 559 K1 Venture .028285 words
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291 2005-07-20 17 Reuters [SEOUL/TOKYO] Asia's benchmark freight rates for commodities may fall further from current one-year lows through August, dampened by slow demand and a surplus of ships, brokers said yesterday. Modern panamax rates for dry bulk cargoes for the US Gulf to Japan route areReuters - 291 words
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Page 17 Advertisements
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Advertisement21 2005-07-20 17 I ft I I Sentosa I I Cove I I Attracted many\ I I f viewers in I I (Shanghai I21 words
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EDITORIAL & OPINION
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Article536 2005-07-20 18 EDITORIAL THE high pomp and ceremony accompanying the ongoing visit to Washington by Indian Prime Minister Manmohan Singh is but one indication that relations between India and the United States are shifting into high gear. Observers also point to other signs of the growing import536 words
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Article, Illustration1082 2005-07-20 18 RAJU CHELLAM - Search for lower costs and volume production leads storage component players across Asia RAJU CHELLAM Senior Correspondent THE lure of low costs and volume production is prodding electronic component manufacturers to seek fresh pastures outside Singapore. At least four of Singapore's listed hardFILE PHOTO - 1,082 words
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Article, Illustration759 2005-07-20 18 FRANK CHING - THE BOTTOM LINE FRANK CHING THE recent visits by three Taiwan opposition leaders to mainland China illustrates the new policy of President Hu Jintao, which is a marked departure from that of his predecessor, Jiang Zemin. When Mr Jiang was China's leader, he wanted759 words
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Article, Illustration2837 2005-07-20 19 The following is the speech delivered in Parliament yesterday by Minister for National Development Mah Bow Tan on policy changes affecting the property market OVER the past few years, the Government has implemented several key policy changes related to the property market. These included adjustments toFILE PHOTO - 2,837 words
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106 2005-07-20 19 Loke Whye Keen Singapore - LETTERS TO THE EDITOR Loke Whye Keen Singapore WONDER why people are chasing up the prices of Chartered Semiconductor and TPV? The answers are: Large-screen LCD TVs. Biometric passports and personal IDs. Latest scientific reports indicate LCD TVs will beat plasma TVs106 words
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Article260 2005-07-20 19 Ong Yang Peng - Ong Yang Peng Cananex Singapore Pte Ltd ONE of the issues not addressed in the NtfF saga is how much it should have in its reserves. I am not in favour of charities trying to get as much donations as possible so that they260 words
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308 2005-07-20 19 Lu, Kee Hong Shanghai - Lu, Kee Hong Shanghai DENIS Distant is a nice gentleman with a forgiving heart. While I do not really know why he is so critical of Jamie Ee's writing, I have an issue with his assertion that just because TT Durai has resigned, it means308 words
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Advertisement103 2005-07-20 19 HAVEYOUR SAY Fax your letters to 6319-8277 or email them to 1 A 1 DuCuCWipVV. comjgorwriteto: The Business Times, SPH HQ, 1000 Toa Payoh North, Podium Level 3, Singapore *****4. We need your full name, address and telephone number for verification. Please use temperate language, and bear in mind libel103 words
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Article10069 2005-07-20 20 SGX MAINBOARD S2-Wk Td Kct Vol Day Lift Quote GrtMv Mv firTM Not MCap Wgh low Cod* Cowpni Solo rOBO) Wall low *wyr S*f Cw Wt sJ 10 3 5716 1 sT Software 5c 3.5 unch 112 3.5 3.5 3.5 4 142 34.5 11 3148 STelecom US2c 1210,069 words
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Article6300 2005-07-20 21 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES tilKaicvT OSS to UU dy yr dy yr S 4jt %y» iul 1« tndn CTtxge Onn9f Ounw CIOwm Qgg World irvie* Preliminary fflSJ 02 *8 -03 3j6 -Oil OJ t tAf( Prtkmndiy BJ91 A1 &6 Oil 1.6 0.1 -1.7 EurcpePrelitrniay ***** 4l1 HP6,300 words
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Advertisement563 2005-07-20 22 I > illflflflfl kd gmmimi —W i|# f: YiiMu Mllfl v„l B J HI fl H- HI: fjlgilpM jm Biku I I I 1 > NYK GROUP SOUTH ASIA PTE LTD rw> «jr TEL 6295 0123 CtajJ M 9 It LINE Fax: 6292 2856 (Regionalsales)/6239 7109(OPS)/6299 5785 (Documentation) NIPPON YUSEN563 words
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Advertisement788 2005-07-20 22 HWjfrRH Km Mi t wssa/vor umm mohibo m m tt» an jct SHAHS VBfTUK IS/05 15 U 22/07 25/07 21/07 31/07 02/08 STMITS VENTUtfIiIK 15 3 J 05/08 07/01 11/08 14/08 16/08 STRAtTS VPfTUtE 17/05 15 3J 18/08 21/08 25/08 28/08 30/08 .1 vßsa/wr [MwrgDl hbchtwi ui sw i m788 words
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Advertisement1521 2005-07-20 23 www.homiHirflsud.toni AUSE SEimq (IXPOtT) Jtt JB SWGAPOtE HISIAMt STPWfT MfIJOUtM ABtIAIDi SW6APOM MtSUW STPIKT MBJQMMK mUUM CAITUW Ht 061S 27/07 01/08 03/01/ OfeDl W/W CAI YUM Ht 042S 19/01 »/0» 31/ M OVW WW gp»6uiu« lots 29/07 08/08 10/08 13/01 16/08 (Af ACt)llA>lo7s ?t/08 03/09 07/W 10/W IVW esq XIAMEN1,521 words
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Advertisement1278 2005-07-20 23 ypsa voy sin jp hke o«h wk kth n/s vtssa voy sin jict sub hkg usn pus HYHIDtt (W7S 21/7 2V7 M/ 7 30/7 1/1 3/13/1 KMTCJAKAKTA 510S 24/7 27/7 28/7 2/8 4/17/8 HYYIAWOSTOK 142s 21/7 30/7 4/1 4/1 8/1 10/1 11/1 KMT( ULSAM 515S 31/7 3/8 4/8 9/8 13/81,278 words
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Advertisement922 2005-07-20 23 m WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICQ POINTS vksr voy m pjoamg colohbq it sheva colomm hoiakiwha rwwt7 niui mm mjui oiaug maug —Lam OMSW 01 AUG 02 AUG QUUfi W LLM mh v>m nm hm hm_ ALSO ACCEPTING FQ TO CDCHM. TUTKOMN (Vl*922 words
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Advertisement1145 2005-07-20 24 IAJW WALLENIUS WILHELMSEN website: http://www.2wglobal.com [VESSEL Ivor BAMf IK MAO HOW MIA SAY »A 1 ORE HTC iW MOO TARONGA AfSlO 3201 mm 6.25 M I 22/07 12/01 21/ OS 24/00 26/00 31/00 20/00 I TAMPERE Afsl9 4001 MS 6.30 M I 26/07 20/00 20/00 02/00 07/09 05/00 |a!YONA 1AJ506I1,145 words
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Advertisement1240 2005-07-20 24 vtssa yoY sm pcu vtssa vgr sw m cy 2301 0140P U/07 ***** PMOmM 9307 ~l*/07 19/07 mum ma ism uzsz_ iiS ZgEZffIZZ MCMMPA ISI7N 20/07 21/07 PACMNUN 9301 24/07 27/07 Sg siis 2i/o7 22/07 IbSJtm lilflM XUSL 11/97 *"■>&} i"l i"™ iy mum urn urn vw Sfe !fc CSf1,240 words
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Advertisement247 2005-07-20 24 Linr bfokbulk Hfvice S.E. A»io/USA vk« vrso SPECIALISE IN HEAVY UFTS A PROJECT CARGO ■V MB DUMB HUANfIfU Pwrtwtlwi 15/00 Laakfcq cvfaai lar •< laafri MO CBfTUrr j PwHwHw Ari. 25/07 OfM tar M «r part mfm MDHAGK HOUSTON 22/07 Opaa far par! carpaai M Ada ar aaraata «®C»B<Br HOUSTON247 words
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Advertisement665 2005-07-20 24 BSA x MYANMA m FIVE STAR LINE (MyoßMor National Line) Looking far Yaagon vissa vor sin m pen pgu PAGAN 341W SIB PAGAN 349W Sl» IN MALAYSIA: lOUSTEAD SHIPPING AGENCIES KUI/PKL 03-300 SI Ml PEN: 04-2*3311 S ACCEPTING CONVENTIONAL CGO VESSEL VOY HKG SM PGU PKL KIK OOANIA OUEEN 135665 words
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THE BUSINESS TIMES SHIPPING TIMES
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8583 2005-07-20 25 ETA ETA Advartsar Vessel Voyage Telephone ETA ETA AJuarthar Vessel Voyafe Telephone SIN Dest'n Mane Nana Nunbar Nunbar SIN Dest n Nana Nana Dunbar Nunbar < < s /St"*,. vat ®5^^®^*!^9WII8WIW®98l888BM88IWP55SWffll To ANTWERPEN (ANR) 2019 Belgium To ABIDJAN (ABJ) 2003 Cote D'lvoire lml 2(V088,583 words
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Advertisement604 2005-07-20 25 Guaranteed Sailing! I Service from Singapore to: I Los Angeles iTniinili Keelun I Weekly Consol. Twice weekly I 14 days transit. Mon A Thurs cut-off I HUB MARINE PTE LTD BOOKING: *****375/716 MAINLINE: *****866 FAX: *****066 OPft CODE "DZ" CR NO **********0Z MARKETING SALES: KELVIN CHUA: *****535, MEUNA LEE: *****187604 words
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Advertisement569 2005-07-20 25 FREIGHT LINKS EXPRESS PTE LTD 51 Penjuru Road, 3rd Level, Freight Links Express Logisticentre, Singapore *****3 Tel: *****511 Fax: *****577 E-mail: flesin@singnet.com.sg Website:http://www.freightlinks.net A I ATTRACTIVE RATES TO: J ALEXANDRIA GENOA KEELUNG KAOHSIUNG I •If HAVRE MALTA MAHE MARSEIUC ■Ph r CEBU DAUAN HONG KONG JAKARTA Cm[ OINGDAO SHANGHAI SURABAYA569 words
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Advertisement157 2005-07-20 25 STARSHIP CARRIERS PTE LTD STARSHIP AGENCIES (MAL) PTE LTD No 1 Shcnton Way <11-07/06 S(*****3) LCL service le MANILA VSI VOT ETA SIN I EtADCST Asimont 23H 27/07/05 26/07/05 GoUont Wove 015N 24/07/05 28/07/05 Thor Nexus 39N 29/07/05 02/01/05 LCL service to NHAVA SHEVA VSI VOT Ett SIN ETA PKT157 words
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Advertisement402 2005-07-20 25 MBfl|MiiGEnKY^3oiNi72o/w RMRH TIGER WAVE 302N 23 24/07 29 31/07 06-07/08 HUiiyfl TIGER HARI 303* 2627/07 03-05/01 10 11/08 I ■STTTMH TIGER SEA 304N 30 31/07 05-07/08 13 14/08 I ■■■■■IIGERSKY 305N 02-03/08 09 11/08 16-17/08 TIGER WAVE 306N 06-07/08 12 14/08 20 21/08 KllTrTTtTiaxPßßiHnTtf 21-77/07 77.79/117 rtt<i7/M wmmmmm 319 28402 words
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MOTORING
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Article, Illustration359 2005-07-20 27 SAMUEL EE - By SAMUEL EE THE Suzuki Grand Vitara seems to be unique among non-premium SUV models because of its appeal to mainly PMEB buyers. Authorised distributor Champion Motors estimates that up to 60 per cent of its buyers are professionals, managers, executives and businessmen (PMEBs). The359 words
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Article, Illustration660 2005-07-20 27 SAMUEL EE - Innovative financing kicks in as competition hots up By SAMUEL EE SOME premium brands are offering innovative financing packages for luxury cars as interest rates stay on the general uptrend and competition increases. One of these interesting loan schemes is being offered by660 words
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Article4950 2005-07-20 27 UNIT TRUSTS FUNDS Citi Global Healthcare Fund 0.96/ Citi Gib Fir Siva Fund 1 091 ahi a.._ u_» ic—Citi US Aggressive Growth Fund 088/ 0816/ S B Sel GId Bus Ldrs Ptfl 03(SGD) 1)184/ S B Sel Gib Bus Ldrs Ptfl 03(USD) 1 1677/ 1™ Sr Citibond S pore Class*4,950 words
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Advertisement26 2005-07-20 27 PIMCO Global Real Return Fund a fund that is hedged against global inflation. AlliclllZ (jfi) Rated 5-star by Mercer Investment Consulting Global investors company regn.no I*****169Z26 words
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EXECUTIVE MONEY
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Article, Illustration715 2005-07-20 28 GENEVIEVE CUA - GENEVIEVE CUA finds private banking clients more risk-averse GENEVIEVE CUA STOCKS are more attractive than bonds at this point, but pervasive risk aversion is pushing private banking clients to park money in 10-year Treasuries, says Clark Winter, chief global strategist of Citigroup Private Bank. "A lot715 words
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Article, Illustration691 2005-07-20 28 CHRISTOPHER TAN - MONEY MATTERS CHRISTOPHER TAN A CLIENT posed this simple question to me recently: How many independent financial advisers are there in Singapore? What seemed like a straightforward answer became a long discussion. For a start, the term 'financial adviser" (FA) refers to a company691 words
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Article979 2005-07-20 28 KANG CHOON PIN, LATHA MATHEW - YOU THE TAXMAN The proper debt financing structure can help reduce effective tax rate By KANG CHOON PIN, LATHA MATHEW By ERNST YOUNG COMPANIES need financial muscle to grow and those without a large cash stockpile usually take bank loans or raise funds from the capitalBy ERNST & YOUNG - 979 words
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Article, Illustration341 2005-07-20 29 Chua Boon Lee - Singapore-registered funds By Chua Boon Lee, Standard Poor's Associate, Fund Services THERE has been a dramatic change in the profile of Singapore-registered funds since offshore unit trusts were allowed to be marketed cfirectfy to retail investors in 2002. Rather unsurprisingly the oncedominant positions occupied by the domestic bank-badced341 words
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Article, Illustration937 2005-07-20 29 RAY BARROS - July will define overall direction of the US stock market in 2005, says RAY BARROS RAY BARROS IN MY last few articles, I put forward the view that one. the US stock market will be in a secular Gong term) bear or sideways market till atSource: Ray Barros - 937 words
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Article, Illustration1312 2005-07-20 30 While a plethora of opportunities abound in Asia, private bankers realise getting foot into China is essential for their future Bloomberg Richard Hoon, who runs an executive headhunting company in Singapore, says he's turning down private banks in Asia that are desperate for wealthBloomberg; AP - 1,312 words
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Article, Illustration689 2005-07-20 30 UMA SHANKARI - According to a Citibank study, S'porean investors display asymmetrical risk attitudes towards profit and loss. UMA SHANKARI reports UMA SHANKARI SINGAPOREAN investors tend to let their emotions rule when making investment decisions. As such, they tend to be most risk averse when it comesREUTERS - 689 words
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Article594 2005-07-20 30 TAY HAN CHONG - TAY HAN CHONG, head of investments, treasury and asset products at Citibank Singapore, answers your questions TAY HAN CHONG If I am sitting on profits for my investments and I am feeling risk averse and want to take profit what should I consider? There are three594 words
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Article1159 2005-07-20 32 GENEVIEVE CUA - MyShield new playing field GENEVIEVE CUA examines Aviva's new medical insurance plan GENEVIEVE CUA A VIVA's new offering under the umbrella of CPF Shield schemes has been a long time coming. MyShield is the only Shield plan that approaches a comprehensive hospital and surgical plan and offers lifetime cover to1,159 words
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Advertisement178 2005-07-20 28 Europe J\sia /jttTPaterit It's PATENTIy Clear! Conference Patent Information for better IP Management EAPIC 2005 31 August 2 September 2005 Singapore, Suntec International Convention Centre The intellectual property (IP) landscape and market needs of Asia have evolved tremendously over the last few years and this year's EAPIC aims to continue178 words
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Advertisement62 2005-07-20 28 Various plot sizes Suitable for: *JHMH|£9Bs high-tech manufacturing test labs r&d product design development SlMmtk«■ computer centres data processing/financial backroom operations software development Proximity to Singapore EXPO, EXPO MRT I station and Singapore Changi Airport For more information, please contact Ms Um Swee Uan 6883 3260 or Ms Boey Wuai62 words
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Advertisement303 2005-07-20 29 Proudly rCsponsored by: jfj^^^Hp Finance Jt^ PtLcttiif* :> j^vl^r wo "wB A me Wearnes International Group Australia Sank Session 1: Corporate Governance GUEST OF HONOUR Rules vs Ethics Mrs Lim Hwee Hua In Session 1, panellists examine the fallout Minister of State from Enron, World Com and CAO. and M,nistry303 words
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Advertisement162 2005-07-20 29 Tampines Wafer Fab Park Plot Code TP 0105 Location Tampines Industrial Crescent Land area 6,000 sqm Usage Business 2 (Electronics, Semiconductor related) Tenure 30 or 30+30 years Plot Code TP 0205 Location Tampines Industrial Crescent Land area 5,000 sqm Usage Business 2 (Electronics, Semiconductor related) Tenure 30 or 30+30 years162 words
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Advertisement192 2005-07-20 31 We take great pleasure in congratulating our inaugural class of 37 graduates on being conferred the prestigious Master of Science in Wealth Management, the first and only programme of its kind in the world. We also thank our industry partners for their marvellous support in making this programme possible. 2005192 words
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Advertisement455 2005-07-20 32 SIArESTREET CCtTA PA jp Global Advisors 33 6 ■I r ABF Pan Asia Bond Index Fund 1 new asset class takes root in 8 markets jf w x Sound fundamentals are essential for growth. Now you can reap the collective growth potential of 8 Asian markets, with the simplicity of455 words
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Advertisement9 2005-07-20 32 MONEY MATTERS Is your financial achiser really independent? PG2B9 words
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