The Business Times, 29 July 2005
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2005-07-29
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The Business Times
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Title Section12 2005-07-29 1 THE BUSINESS TIMES online at .com.sg Friday July 29,2005 MICA (P) 089*03/200512 words
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Article, Illustration584 2005-07-29 1 ALEXANDRA HO - They've invested $4.55b in the first half, says JLL By ALEXANDRA HO [SINGAPORE] European and US funds have invested heavily in Singapore's real estate sector, pumping in $4.55 billion in the first half 0f2005, says global property consultancy Jones Lang LaSalle (JLL). AndSource: Jones Leng LaSalle - 584 words
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Article134 2005-07-29 1 sn 2346.19 (+12.57) ST INDEX FUTURES 234&00 (+13.00) simsq ***** (+1.19) SIMSa FUTURES 279.70 (-0.10) MARKETS Thursday Change KLSECOMP 934.38 +2.41 NIKKEI 225 11,858.31 +23.23 HANG SENG 14,813,32 +11.46 SET INDEX 670.09 +4.37 JAKARTA COMP 1.186.61 +8.50 MANILA COMP 1,999.82 +25.28 SEOULCOMP 1,104.72 +11.69 SHENZHEN B 219.18 +2.87134 words
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815 2005-07-29 1 KALPANA RASHIWALA - Danger lurks when Reits pay inflated prices for assets, lease back at above market rents By KALPANA RASHIWALA [SINGAPORE] Temasek Holdings chief executive Ho Ching yesterday sounded the strongest warning yet on the dangers lurking in the Singapore Real Estate Investment Trust815 words
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Page 1 Advertisements
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Advertisement14 2005-07-29 1 LOOCSHEW ~.*A V yr~> ''p' -"-«-U-», tn^teMan^ I ffff j r£*. vi« L rs*14 words
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TOP STORIES
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918 2005-07-29 2 SIOW LI SEN - US govt agencies can impose USA Patriot Act on banks abroad By SIOW LI SEN [SINGAPORE] A Singapore bank has become entangled in a complicated web of transactions in an area governed by the USA Patriot Act, an international expert on918 words
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Article610 2005-07-29 2 Abdullah to announce further revamp of GLCs MALAYSIAN Prime Minister Abdullah Ahmad Badawi will brief government officials, ministers and the business community today on further moves to revamp government-linked corporations which could include an announcement on the future of national car company Proton. Rumours that executives of Volkswagen610 words
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Article, Illustration442 2005-07-29 2 RACHEL LIN - By RACHEL LIN [SINGAPORE] The recent merger between Valuair and Jetstar Asia will not affect Tiger Airways' business plan, phief executive officer of thik budget airline Tony Davis paid yesterday. Rather than casting anxious glances at the competition, Tiger Airways plans to continue offeringFILE PHOTO - 442 words
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473 2005-07-29 2 KALPANA RASHIWALA - Regulators urged to make it conducive for overseas Reits to list By KALPANA RASHIWALA [SINGAPORE] There is tremendous scope for Asian real estate investment trusts to grow and Singapore can make its mark as the preferred venue for quality Reit listings,473 words
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543 2005-07-29 4 PAULINE NG - Proton's future expected to be mentioned in today's briefing By PAULINE NG in Kuala Lumpur MALAYSIAN Prime Minister Abdullah Ahmad Badawi will brief government officials, ministers and the business community today on further moves to revamp government-linked corporations which could include an announcement543 words
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Article, Illustration873 2005-07-29 4 ANDREW MARKS - Blue chips trade higher, indicating the worst is over By ANDREW MARKS in New York NOW that Wall Street money managers and traders and Washington politicians have what they've been clamouring for, they are worriedly assessing its impact on the US economyREUTERS - 873 words
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426 2005-07-29 4 RAVI KANTH - By RAVI KANTH in Geneva INDIA yesterday unveiled an ambitious market-open-ing offer to investors to move into its banking, insurance and telecom services sectors, in what its trade minister described as a proactive move to galvanise the sluggish Doha trade negotiations. "We want to bring426 words
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Advertisement91 2005-07-29 2 lything else is a Compromise Odayton In-Car Infotainment Systems presents j lext generation of Intelligent High Tech driving tainment features: ito Dimmer Monitor uetooth Handsfree Operation of Mobile phone via same System lamic Navigation Systems based on BCh GPS, Gyro and Speed Pulse Sensor nprehensive Digital Road Map of Singapore91 words
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Advertisement22 2005-07-29 3 r r i^^l A *Jib/v..r.;' •>' l^H 9 ■r -dSI iifcft*. I^^h 1 4 *&Jt?»> I^. W Si. a—' 1 |raf£ sssi iLf22 words
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Advertisement822 2005-07-29 4 I JI Corporation Keppel Corporation Limited Co Reg No: *****0351N (Incorporated in the Republic of Singapore) 1. UNAUDITED RESULTS FOR THE SECOND QUARTER ENDED 30 JUNE 2005 The Directors of Keppel Corporation Limited advise the following unaudited results of the Group for the second quarter ended 30 June 2005: SECOND822 words
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COMPANY NEWS
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Article, Illustration569 2005-07-29 5 MICHELLE QUAH - It will be giving out more in interim dividends; 10 cents a share this time By MICHELLE QUAH KEPPEL Corp's offshore marine (O&M) and oil gas businesses once again powered its strong showing, with the conglomerate's second quarter net profit andARTHUR LEE - 569 words
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677 2005-07-29 5 SIOW LI SEN - HOCK LOCK SIEW By SIOW LI SEN THE way banks have been raising mortgage interest rates, it's as if they are bent on undoing the positive sentiment that's been spreading since the government eased the rules on financing property purchase. One theory about677 words
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Article, Illustration747 2005-07-29 6 KALPANA RASHIWALA - It closes up 30% at 88.5c, promises not to overpay when making acquisitions By KALPANA RASHIWALA STOCKMARKET newcomer Mapletree Logistics Trust (MLT) yesterday promised to stick to its pricing discipline and not overpay for assets even as it plans to double its portfolio fromFILE PHOTO - 747 words
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330 2005-07-29 6 Bloomberg SHARES of Keppel Land, Singapore's third-largest developer by assets, rose on the company's overseas expansion and its plan to sell office buildings through a trust to help fund its investments. The developer said on Wednesday it plans to set upBloomberg - 330 words
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440 2005-07-29 6 JOYCE KOH - By JOYCE KOH THE Singapore Exchange (SGX) yesterday posted a 17.7 per cent fall in FY2005 earnings to $109.5 million as operating revenue for the full year slipped 13.1 per cent to $274.7 million. The lukewarm performance follows a drop in securities-clearing fees and440 words
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Article, Illustration463 2005-07-29 6 JEAN CHUA - By JEAN CHUA SUSTAINING its improved performance for the eighth quarter in a row, Raffles Holdings yesterday posted a more-than-doubling in net profit for the three months ended June 30. Helped by better business at its hotels, resorts and commercial investments, the CapitaFILE PHOTO - 463 words
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161 2005-07-29 6 Bloomberg SHARES of Singapore Petroleum Co (SPC), the only oil refiner traded on the Singapore Exchange, surged as much as 3.8 per cent after the company said second-quarter net income rose almost fourfold. The stock rose 14 cents, or 2.8 per cent,Bloomberg - 161 words
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166 2005-07-29 6 CITIRAYA Industries said yesterday that the High Court has granted an extension of an earlier court order which provided it protection from its creditors. The earlier order, granted on May 25, restrained creditors from pursuing court proceedings against the company. Citiraya asked for the stay order166 words
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393 2005-07-29 6 ROLAND LIM - By ROLAND LIM SEMICONDUCTOR test, assembly and packaging company Stats ChipPac has posted a bigger-than-expected net loss of US$l5.l million for its second quarter and saw its shares fall eight cents to 551.21. The results include US$l4.l million in special items and393 words
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364 2005-07-29 7 CHLOE CHOY - The revaluation of the yuan is also expected to have a positive impact By CHLOE CHOY CHINA-BASED Zhonghui Holdings, an integrated sol-id-waste management group that was listed on the Singapore mainboard last October, yesterday posted a more than six-fold jump in first364 words
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224 2005-07-29 7 LISA TAN - By LISA TAN INNOVALUES Precision, a maker of tailor-made precision machine components and parts, saw a 16.4 per cent year-on-year fall in first-half net profit despite a 21.1 per cent rise in revenue. For the six months ended June 30, net earnings dropped to224 words
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Article139 2005-07-29 7 Reuters SINGAPORE Land Ltd (Sing Land), the citystate's top office landlord, is in talks with banks for a $200 million syndicated loan, debt market news service Basis Point said yesterday. Several banks are proposing a deal to finance a recent property acquisition by aReuters - 139 words
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Article364 2005-07-29 9 JOYCE KOH - He now owns 33.27%, triggering a mandatory conditional offer By JOYCE KOH VANTAGE Corp's chief executive officer Kea Kah Kim has upped the ante in the battle to take over the company, raising his all-cash bid for the company by two cents to 24364 words
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199 2005-07-29 9 RACHEL LIN - By RACHEL LIN THE unpegging of the yuan at some future date will be a boon for mainboard-listed SP Chemicals, its management says. Wira Tjendana, chief financial officer of the Singa-pore-based company, yesterday said that further revaluation of China's currency would help199 words
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Advertisement11 2005-07-29 5 Itei-: f f SBSftp* i 1 ew w, Eg; \fe j/tkßHL^p11 words
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Advertisement112 2005-07-29 6 W rrJ.-vl'/ I m^-ui spes Chicken Wing Wood Sofa Set Rosewood/Blackwood 4 Doors t Drawers Display Cabinet (70") fMl Rosewood/Hong Tan Assorted [T TjlK ower s Rosewood Two (4»" 70"I) (Ls g^ 818 nwmvmmm m JIAYI FURNITURE PTE. LTD Til IMii TMhi lead nTHlin flap tkmm HaialiUl w8738 2769 (Free112 words
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Advertisement21 2005-07-29 6 Find the most comprehensive range of products and services in The Straits Times Classified, cat,?, Buy R. Sal ft. FM ft.21 words
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Advertisement116 2005-07-29 7 PIMCO's mission is to Enrich PIMCO is a premier Fixed Income Asset and Preserve Client Assets and Manager headquartered in Newport Beach, to Provide Clients with the California, USA. Highest Quality Investment piMCQ Management Service. Singapore in November 1996, making it*the first PIMCO office outside USA. Since then, PIMCO has116 words
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Advertisement50 2005-07-29 7 j jjjjj r »3B| SliwH ,E |MBn| ■■Bf mmt Hjfpgl i' I m z -^Si I *Vu»#io /A ■r^fl^HBHHHi ■^■^■h 1 <r# 1 jHE g| RgSg mmlfe y llsts^ml^H "•set* ..if I n <*z**, IMwi ■I (wpfll /j"" lUS IfilWIS /*r «SssBVvHHI V^H Paters on Grange Rd h*vt v—»» p^50 words
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SINGAPORE MARKETS
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Article, Illustration487 2005-07-29 8 R SIVANITHY - STOCKS Straits Times Index climbs to its highest level in many years at 2,346 R SIVANITHY Senior Correspondent A RENEWED play on property and banks yesterday enabled the Straits Times Index to climb for the ninth time out of its past 11 sessions, this timeSource: Bloomberg - 487 words
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TRADES TO WATCH
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359 2005-07-29 8 FDS Networks Group's substantial shareholder. Yip Man Yiu, has pared his stake in the Hong Kong-based network systems integration company in a series of three transactions involving 532,000 shares in all. This leaves him with 7 million shares, or a 9.499 per cent359 words
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118 2005-07-29 8 JOYCE KOH - Compiled by JOYCE KOH SINGAPORE Airlines' substantial shareholder, Temasek Holdings, pared its direct and deemed interest in the company from 57.08 per cent to 56.97 per cent on Tuesday. The change in percentage level was a result of transactions including those by Temasek's subsidiaries118 words
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Article, Illustration431 2005-07-29 8 OTHER SINGAPORE INDICES Jul 28 VALUE CLOSE BT OB/OS -8.00 +71.00 BT CADI -*****.00 +90.00 BT 10-day MA -*****.00 -1.00 All-SG Equities 600.39 +1.96 SG Equities Elect 138.77 +0.45 SG Equities Fin 1665.06 +12.43 SG Equities Prop 648.73 +8.34 SIMSCI 279.41 +1.19 SiMSCI Futures 279.70 -0.10 MOST ACTIVE STOCKS VOLUME431 words
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Article, Illustration903 2005-07-29 8 JOYCE KOH - Compiled by JOYCE KOH Keppel immi My ttdMC $3.14 CRBMT SUISSE IWST BOSTON, July 2ft KEPPEL Land has reported IHOS net profit of $67 million (up 11.8 per cent y-o-y), which was within expectations. While development property earnings were marginally better than expected, hotel and re-' sorts registeredSource: Bloomberg - 903 words
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Article, Illustration342 2005-07-29 8 CURRENCIES AFP [TOKYO] The dollar was steady, holding onto recent gains in Asian trade yesterday after robust US economic indicators overnight as the market prepared for expected strong US growth figures due today, dealers said. The dollar initially strengthened on a surprise increaseAFP; BLOOMBERG - 342 words
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Advertisement2178 2005-07-29 9 CSA HOLDINGS LTD First Quarter Financial Statement and Dividend Announcement 1(a) t» Income Statements 1(d»(i) Statements of Changes in Equity —rooo M Attributable te equity holdws of the Company 3 months ended kmmd Shan Foraiga Propity ln»—tmut DMdmd Accumulated Total Minority Total mmmmi a>i iianm ■Miafciatimi uMiafciatin «i M. nnr2,178 words
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SINGAPORE NEWS
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Article, Illustration453 2005-07-29 10 CHEN HUIFEN - Backed by NHG, centre aims to fill gap between GPs and hospitals By CHEN HUIFEN WHILE new private healthcare providers are springing up in the central districts with an eye on the foreign patient pie, a team of specialists has formed a $2.5453 words
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Article, Illustration396 2005-07-29 10 Reuters ANALYSTS have opted not to lift growth forecasts for Singapore this year despite a strong second quarter, as a patchy recovery in electronics casts a pall over the economy, a Reuters poll shows. The median forecast of 12 economists was for grossReuters; AFP - 396 words
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Article226 2005-07-29 10 But number of undischarged bankrupts up 0.5% Reuters THE number of new bankruptcies in Singapore in June fell for a second straight month to reach a four-month low, government figures showed yesterday, as the economy gained steam in the second quarter. Singapore's bankruptcy orders includingReuters - 226 words
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Article339 2005-07-29 10 THE Urban Redevelopment Authority (URA) has invited tenders for an industrial site bounded by Alexandra Road and Leng Kee Road under its Confirmed List for 2005. But the move has 'puzzled' some property consultants because the same site was offered almost a year ago. When339 words
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229 2005-07-29 10 THREE outstanding young Singaporeans received HSBC's Youth Excellence Awards from President S R Nathan yesterday. They were recognised as models for youth excellence in the fields of music, the environment and leadership. At the same ceremony, HSBC presented donations of $200,000 and $100,000229 words
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Advertisement160 2005-07-29 10 Lianhe Zaobao I may I make a I come- I back I *B«mriE I II]KK#jW3SWBHSiIIBISMSBWBIBMIK^B u<|tJ) 4 if, Sichuan specialities are all the more tantalizing when it's in Wmky. the hands of master chef Zeng Feng of the renowned Si Chuan Dou Hua Restaurant. Learn more about the jjr w160 words
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ECONOMY WATCH
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396 2005-07-29 11 ANTHONY ROWLEY - Move in retaliation to US subsidies under anti-dumping legislation By ANTHONY ROWLEY in Tokyo JAPAN confirmed yesterday that it may slap special duties on industrial goods imported from the US in retaliation to subsidies paid by the US under anti-dump-ing legislation,396 words
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178 2005-07-29 11 Reuters [BEIJING] Chinese central bank governor Zhou Xiaochuan has urged domestic companies to use nonUS dollar currencies, such as euro and Japanese yen, in foreign trade and investment, the Shanghai Securities News said yesterday. "China's foreign trade and investment is becomingReuters - 178 words
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311 2005-07-29 11 Reuters [BEIJING] Foreign interest in setting up factories in China is flagging, a trend that over time could help Beijing wean the economy off its over-reliance on exports and investment and even ease upward pressure on the yuan. China's accessionReuters - 311 words
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Article, Illustration554 2005-07-29 11 Growth bannered by manufacturing, housing and retail Bloomberg [WASHINGTON] The US economy expanded in June, supported by gains in manufacturing and housing as inflation eased, the Federal Reserve said yesterday in its survey of regional economies. Most parts of the country reportedBloomberg; BLOOMBERG - 554 words
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Advertisement304 2005-07-29 11 w w GLASHUTTE ORIGINAL Salutes SINGAPORE'S INDEPENDENCE As Singapore celebrates 40 years of independence, it is only befitting that a limited edition Glashutte Original the -"1965 Singapore"be made to commemorate this special ocassion. "Celebrates Singapore's 40 Years of Independence" exhibition Glashutte Original, in collaboration with Cortina Watch and supported by304 words
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MALAYSIA
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Article, Illustration481 2005-07-29 12 It expects to launch new indexes with FTSE by year-end or early 2006 Bloomberg [KUALA LUMPUR] Bursa Malaysia Bhd, which manages the country's stock exchange, said the removal of the ringgit peg will lure foreign investors, raising revenue and helping the companyBloomberg; AP - 481 words
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247 2005-07-29 12 Bloomberg [KUALA LUMPUR] Cagamas Bhd, Malaysia's version of Fannie Mae, the biggesi buyer of US housing loans, sold RM2.OS billion (Ss9lo million) of its first Islamic residential mortgage-backed bonds yester day. The sale consisted of six bonds with ma turities from threeBloomberg - 247 words
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NOTE BOOK
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113 2005-07-29 12 Bloomberg [SINGAPORE] CIMB Bhd, Malaysia's biggest investment bank, expects earnings from overseas operations to triple in two years as it expands in Singapore and Indonesia. Overseas net income will account for 30 per cent of total profit, compared with 10 per cent now, chief executiveBloomberg - 113 words
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Article111 2005-07-29 12 Reuters [MUMBAI] Tractor and utility vehicles maker Mahindra Mahindra Ltd has reported a better-than-expected 65 per cent rise in quarterly profit as rising sales outweighed higher input costs. Mahindra, which has a 27 per cent share of India's tractor market, said net profit rose toReuters - 111 words
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94 2005-07-29 12 Reuters [MUMBAI] Drug maker, Ranbaxy Laboratories Ltd, said yesterday its quarterly net profit fell 49 per cent on competition in the key US generic drugs market and higher research development costs. The company said its April-June net profit dropped to 1.01 billion rupees (5538.8 million),Reuters - 94 words
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99 2005-07-29 12 Reuters [COLOMBO] Shares in the Sri Lankan unit of Telekom Malaysia soared 25 per cent on their trading debut yesterday, as the island's biggest offering propelled the benchmark stock index to a record high. Dialog, which has the largest market capitalisation here, closedReuters - 99 words
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Article4734 2005-07-29 12 UNIT TRUSTS FUNDS Citi Global Healthcare Fund 0.96/ Ci# Gib Fin Srvcs Fund 1.07/ t Citi US Aggressive Growth Fund 0.89/ (SI***) S B Set Git Bus Ldrs PHI 03(SGD) 1.1184/ ??2 SBSe) Gib Bus Ldrs Ptfl 03(USD) 1.1677/ Citfcond Spore Class Y 0.98/ <2 tvrii SBSelEqly Dividend Pf04(SGD) 0.9*57/4,734 words
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Advertisement17 2005-07-29 12 PIMCO Global Bond Fund rated 5-star by Mercer Investment Consulting 7 Global Investors comp.jny regn no *****/169/17 words
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GREATER CHINA/INDIA
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Article, Illustration544 2005-07-29 13 MUMBAI FLOODS Total shutdown of offices and banks as well; schools used as shelters AFP, Reuters. Bloomberg [MUMBAI] Markets in India's financial capital Mumbai were shut for a second day yesterday after landslides and flooding in the western state of Maharashtra killed at leastAFP,; Reuters.; Bloomberg; BLOOMBERG - 544 words
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375 2005-07-29 13 Group under pressure in US to make concession AP [NEW YORK/WASHINGTON] CNOOC was on Wednesday considering a pledge to sell all of Unocal's US assets, including valuable deep-water drilling operations in the Gulf of Mexico, to dampen criticism of its proposed acquisitionAP - 375 words
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303 2005-07-29 13 CHINA PIG-BORNE DISEASE Reuters [BEIJING] The number of people infected by what Chinese authorities believe is a pig-borne bacterial disease in the south-west has jumped by 14 to 131, state media said yesterday as officials insisted the outbreak could be controlled. The WorldReuters - 303 words
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323 2005-07-29 13 AP. Reuters. Bloomberg [MUMBAI] India's crude oil production was cut by 16 per cent after fire wrecked an oil platform off India's west coast, which produced a seventh of the country's oil. Rough seas on Wednesday had pushed a nearby supportAP.; Reuters.; Bloomberg - 323 words
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Article2325 2005-07-29 13 VOL General Corp .0.48 -0.02 327 W- fWH Omiting 19 80 0.10 911 George Kent .0.62 0.03 347 A* M Really 147 0.01 18 GHL Systems .0.22 0.01 106 039 001 129 Globetronics Tech 039 -0.01 1800 ACP Industries -0.70 -0.05 5 GkxnacBhd 1.50 -0.02 576 Advance Synergy2,325 words
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ASIA-PACIFIC/WORLD
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Article446 2005-07-29 14 It wins vote despite opposition from Democrats and trade unions NYT.AP [WASHINGTON] The House of Representatives narrowly approved the Central American Free Trade Agreement (Cafta) yesterday, allowing President Bush to put his signature to the nation's biggest reduction of trade barriers in more thanNYT.AP - 446 words
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313 2005-07-29 14 AP [SYDNEY] Australian Prime Minister John Howard yesterday applauded a new regional global warming pact saying it is fairer and more effective than the Kyoto Protocol, which his nation has refused to ratify. s Australia joined with the world's top two air pollutersAP - 313 words
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Article, Illustration593 2005-07-29 14 AFP [TOKYO] Japanese electronics companies led by global icon Sony plunged into the red in the three months to June as falling prices led to cutthroat competition as demand cooled. Sony, Toshiba, Hitachi, NEC and Pioneer all posted losses in the first quarter.AFP; BLOOMBERG - 593 words
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Article315 2005-07-29 14 Reuters. Reuters,Bloomberg [NEW YORK] Exxon Mobil Corp, the world's largest publicly traded oil company, posted a 32 per cent rise in quarterly profit yesterday, turning in a slightly better-than-expected performance on the back of the relentless surge in crude oil prices. But Royal DutchReuters.; Reuters,Bloomberg - 315 words
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WORLD WATCH
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127 2005-07-29 14 Bloomberg [BANGKOK] Thailand's central bank cut its growth forecast for this year to as little as 3.5 per cent citing high oil prices and a widening trade deficit. The Bank of Thailand had forecast growth of at least 4.5 per cent in April.Bloomberg - 127 words
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93 2005-07-29 14 Bloomberg [FRANKFURT] Deutsche Bank AG, Germany's biggest bank by assets, said second-quarter profit rose 44 per cent, exceeding analysts' estimates for the fourth time in a row. Net income rose to 947 million euros (SSI .9 billion) from 656 million euros a year earlier,Bloomberg - 93 words
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Article74 2005-07-29 14 Reuters [NEW YORK] MGM Mirage, the world's No 2 casino operator, reported a 34 per cent rise in second-quarter profit yesterday, driven by booming business at Las Vegas resorts. The Las Vegas-based company, which in April acquired cross-town rival Mandalay Resort Group, saidReuters - 74 words
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120 2005-07-29 14 AFP, Bloomberg [MELBOURNE] Australian businessman Steve Vizard was fined A 5390,000 (*****,123) and banned from serving on corporate boards for 10 years yesterday after being convicted of insider trading while he was a director of telecom giant Telstra. The penalty handed down by aAFP,; Bloomberg - 120 words
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73 2005-07-29 14 AFP [BELFAST] The Irish Republican Army (IRA) yesterday ordered all its militants to end their armed campaign and adopt exclusively peaceful means to end British rule in Northern Ireland, the paramilitary group said in a historic statement. The announcement is an unprecedented stepAFP - 73 words
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414 2005-07-29 14 AP [FRANKFURT] DaimlerChrysler CEO Juergen Schrempp, architect of the controversial merger between Daimler-Benz and Chrysler Corp, will step down and turn the top job over to Chrysler head Dieter Zetsche, the company said yesterday. The changes will take effect at theAP - 414 words
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Advertisement402 2005-07-29 14 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF ZHIHUI INVESTMENTS PTE LTD Reg No. *****4173Z (In Members' Voluntary Liquidation) NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the abovenamed Company duly convened and held at 6 Battery Road #14-05 Singapore *****9 on the402 words
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Advertisement324 2005-07-29 14 IN THE MATTER OF THE COMPANIES ACT (CAP 50) BOOKINGS ASIA PRIVATE LIMITED (MEMBERS' VOLUNTARY LIQUIDATION) NOTICE is hereby given that at an extraordinary general meeting duly convened and held on 27th July 2005, the following special resolutions were passed RESOLVED that the Company be wound up voluntarily pursuant to324 words
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WORLD
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Article, Illustration589 2005-07-29 15 Deal for the 60-film library, distribution rights may be worth over US$750m Reuters, NYT [LOS ANGELES] NBC Universal is in talks to buy Dream Works SKG, the movie studio whose hopes of becoming a major Hollywood player never panned out, sources said. Dream WorksReuters,; NYT; REUTERS - 589 words
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Article, Illustration339 2005-07-29 15 Bloomberg [SAN FRANCISCO] HewlettPackard Co (HP) has cut the amount of severance payable to its top executives in a bid to reduce expenses by linking compensation to company performance. The changes were made last week before HP announced 14,500 job cuts to saveBloomberg; AFP - 339 words
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336 2005-07-29 15 Reuters [ROHNERT PARK, California] Calpers, the biggest US pension fund limited to California public employees, may use its well-known name to sell retirement fund products to outsiders for the first time, officials said on Wednesday. The Calpers retirement products would be sold toReuters - 336 words
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324 2005-07-29 15 LAT—WP [NEW YORK] Martha Stewart's company appears to be finally rebounding from her legal problems, albeit tentatively, and with more losses forecast for the second half of this year. Martha Stewart Living Omnimedia on Wednesday reported its first year-over-year gain in revenue sinceLAT—WP - 324 words
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390 2005-07-29 15 NYT [NEW YORK] Sanford I Weill will stay on as chairman of Citigroup until his scheduled retirement next April, ending an internal debate that spilled outside the bank over his plans to leave and start a private equity fund. "ItNYT - 390 words
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Advertisement34 2005-07-29 15 PROUD After all, what's a birthday without a surprise? Authorised Dealer: CAR CARS PTE LTD. 247 Alexandra Road, Singapore *****4, Tel: 6474 1111, Fax: 6476 1111. (Member of Group Exklusiv) Au. LM>« turn AirfomoW34 words
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AVIATION
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Article, Illustration653 2005-07-29 16 Threat of bankruptcy looms over Delta and Northwest NYT [ATLANTA] Delta Air Lines' turnaround efforts are not enough to offset high fuel costs and "more must be done and done quickly", chief executive Gerald Grinstein said in a memo that fuelled investor speculationNYT; AP, BLOOMBERG - 653 words
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Article, Illustration290 2005-07-29 16 Reuters [NEW YORK] American Airlines Inc, the No 1 US carrier, said on Wednesday it was concerned that a plan to expand US daylight-sav-ing time could disrupt international flight schedules and make it tough to compete with foreign carriers. "We're quite concerned. The issue (forReuters; AP - 290 words
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147 2005-07-29 16 AFP [SEATTLE] Al-Qaeda "Millennium Bomber" Ahmed Ressam was on Wednesday sentenced to 22 years in jail for plotting to detonate a suitcase bomb in a crowded Los Angeles airport terminal nearly six years ago. The Algerian was arrested as he crossed the USCanadian borderAFP - 147 words
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131 2005-07-29 16 AFP [CHICAGO] British tycoon Richard Branson has formed a new aerospace company to build a fleet of commercial spaceships. The Spaceship Company will be jointly owned by Mr Branson's Virgin Group and Burt Rutan, whose SpaceShipOne won the US$lO million "X Prize" forAFP - 131 words
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LOG BOOK
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101 2005-07-29 16 AFP [JOHANNESBURG] A crippling pay strike by workers of South Africa's national carrier was declared over by one union on Wednesday as a third-party mediator announced that"an in-principle agreement" had been drafted towards resolving the pay dispute. "Significant progress has been made towardsAFP - 101 words
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Article97 2005-07-29 16 Reuters [BEIJING] China wants to recruit foreign airline pilots to relieve a shortage plaguing the world's fastest-growing aviation sector, official media reported yesterday. China Daily quoted an official of CAAC (General Administration of Civil Aviation of China) as saying: "Overseas pilots will be able toReuters - 97 words
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422 2005-07-29 16 Reuters [LONDON] British engine maker Rolls-Royce Pic beat expectations with a 54 per cent jump in first half profit yesterday as stronger demand from airlines prompted its first rise in payments to shareholders in four years. Underlying pretax profit was £260 million (*****Reuters - 422 words
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304 2005-07-29 16 Bloomberg [WASHINGTON] The Sioux Falls, South Dakota, airport won US approval to drop government screeners in favour of private workers, becoming the first to make the switch. Sioux Falls may begin the transition later this year, the Transportation Security Administration said. TheBloomberg - 304 words
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Article1838 2005-07-29 16 cut HIM Eft fucwt rro ekj48 i6S0 ***** 1530 UL2348 1650 CX735 1855 BA7381 ItsO *3229 2300 |g»l" ?|g *W2 S0443 0630 DMWta Af8087 1850 j8 a 1| ar a g ss ss fir#i m !i H L NZ81 1840 jg6881 ~"f ssa Dhiki Irir^SriM QF38661,838 words
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SHIPPING
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309 2005-07-29 17 New facility at Yangshan ready for ops by late Nov Bloomberg [HONG KONG] The operator of the Shanghai port has started asking shipping lines to move their European services to the city's new facility at Yangshan by December. Shanghai International Port (Group), that runsBloomberg - 309 words
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Article, Illustration421 2005-07-29 17 Bloomberg [PRINCETON] Royal Caribbean Cruises Ltd, the world's second-biggest cruise operator, said sec-ond-quarter profit climbed 26 per cent, beating analysts' estimates, as travellers spent more on cruises. Net income increased to U*****.5 million, or 71 US cents a share, from U*****.2 million, or 58Bloomberg; AP - 421 words
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292 2005-07-29 17 DONALD URQUHART - By DONALD URQUHART [SINGAPORE] The head of a new European Commission (EC) maritime policy task force praised Singapore's maritime security strategy, particularly its provision of identification transponders to small vessels. "I was very interested in Singapore's ideas in the maritime security area, the most292 words
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132 2005-07-29 17 Bloomberg [SINGAPORE] Frontline Ltd, the world's largest supertanker operator, has sold a two million barrel oil tanker to a Chinese shipowner for US$5l million, broker Fearnleys AS said. CSC Nanjing Tanker Corp, a state-owned Chinese shipping company, bought the Front Tobago, Oslo-based FearnleysBloomberg - 132 words
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986 2005-07-29 17 SELVA KUMAR - ADMIRALTY CASEBOOK By SELVA KUMAR A CLAUSE in a time charterparty that gave the vessel's master the right to refuse to load cargo if he has to make changes to the description of the cargo in the bill of lading did not provide986 words
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Page 17 Advertisements
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Advertisement1788 2005-07-29 17 I hot i ccs IN THE MATTER OF THE COMPANIES ACT, CAP. M AND IN THE MATTER OF VA-SINGAPORE PTE LTD (IN MEMBERS' VOLUNTARY WINDING UP) At an Extraordinary General Meeting of the abovenamed Company duly convened and held *47 Hill Street #0501, Qaneae Chamber of Commerce St Industry Building1,788 words
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Advertisement634 2005-07-29 17 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SOPS INTER-TRANS SERVICES PTE LTD (Rogntration No. *****7559 D) (In Member's Voluntary Liquidation) NOTICE OF RESOLUTIONS [Pursuant to Section 290(2)(b)] An Extraordinary General Meeting of the Company deemed to have been convened pursuant to Section 179(6)634 words
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EDITORIAL & OPINION
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Article490 2005-07-29 18 EDITORIAL EFFORTS by stock exchanges in South-east Asia to build closer links with each other took another step forward last week. The five Asean exchanges the Singapore Exchange (SGX), Bursa Malaysia. Jakarta Stock Exchange (JSX), the Philippines Stock Exchange, and the Stock Exchange of Thailand signed490 words
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Article, Illustration849 2005-07-29 18 HARISH MEHTA - Cumulative losses hit US$45b; future appears bleak because of high failure rates HARISH MEHTA THE handwriting has been on the wall for the last five years at least, but the biotechnology industry, its publicists, and zealous government officials have refused to see it.BLOOMBERG; AFP - 849 words
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Article, Illustration758 2005-07-29 18 AL R DIZON - THE BOTTOM LINE AL R DIZON MONDAY, July 25, was a red letter day in Manila. The business people, politicians, the intelligentsia and just about everybody else only had one thing on their horizon that day: President Gloria Arroyo's speech758 words
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Article, Illustration2736 2005-07-29 19 We reproduce below excerpts of executive director and CEO of Temasek Holdings Ho Ching's closing remarks yesterday at the Mapletree Logistics Trust dinner THE debut of MapletreeLog brings the total number of Singapore listed Reits, or S-Reits, to 6. This includes an S-Reit comprising properties solely inFILE PHOTO - 2,736 words
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264 2005-07-29 19 Narayana Narayana Singapore - LETTER TO THE EDITOR Narayana Narayana Singapore WHILE appreciating the reservations in Wong Wei Kong's article, "Bleeding Chartered a drag on Temasek" (BT, July 26), it is a little disappointing that he does not tell how the money raised from previous calls264 words
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Page 19 Advertisements
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Advertisement104 2005-07-29 19 HAVEYOUR SAY Fax your letters to 6319-8277 or email them to D1161X6 rvSpn. Com. Sg or write to: The Business Times, SPH HQ, 1000Toa 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 mind104 words
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Article10046 2005-07-29 20 SGX MAINBOARP S2-Wk Td U« Vol Day Lait Quote GrtMv Dtv GrVM Not MCap High low Code Company Solo COOP) H>gh Low fcggr SoMr Cw Hi jim 10 3 5716 1st Software 5c 3.5 unch 2340 3.5 3.5 3 3.5 142 34.5 11 3148 8TelecomUS2c 11.5 unch 176110,046 words
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Article6253 2005-07-29 21 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES htocalcarr 1*51 la UU dy yr dy ft Xdy *y» M37 Intfm Ch«nq» Citmtf Chang* Pong* Chiga Changa WnKllniwPwtmwwy 9010 M U H MUM lEAfEPrefcrnry 04 M OJ VI <IS -10 turope Frelmmaj 1186.6 03 111 03 15 04 -0.1 tarife «l 0.76,253 words
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Page 22 Advertisements
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Advertisement1254 2005-07-29 22 x HYK GROUP SOUTH ASIA PTE LTD v^ m r.\ vrrmr v TEL *****123 \\—n M. AunC t&gdf A Xm LINE Fax: 6292 2856 (Regional sales)/6239 7109(OPS)/6299 5785 (Documentation) W NIPPON YUSEN KAISHA TOKYO KWUCU KASHA. UO (C/R NO: **********0E) iL a Anson Houm Singapore Website: www>i#nQfoHiMi«coiTi lurope NCX- Sun1,254 words
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Advertisement836 2005-07-29 22 Imtmana Roto snvia VBsa/yor m»pq) hbghtw m kh m 5 jkt STRAUS VENTURE IS/OS IS 3.2 22/07 25/07 21/07 31/07 02/08 STtATTS VENTURE 1&/0S IS 3.2 05/01 11/06 14/01 16/08 I STMTS VENTURE 17/DS IS 1.2 18/01 21/08 2VOB 28/08 30/08 j [austiauan «obo mrvki vßsa/vor mwrpo) hbcwtwii ix» i836 words
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Advertisement1241 2005-07-29 23 www.homburgsud.com H *ust savjg (kpoud jn JB SMWOB WUSMK STMKT WUMM SWWOtI MMMMK STDKT KUOMBK MBit WttlHUI IMS W/P7 04/01 Ifl/W IVW li/M (Af A6IIIUIIO7S WU to/* 07/H IW IVW caiwiaMcs os/n» is/w i;/w h/m n/w csanwamc w/w 11/w ivw 17/w n SCOH* OTPS 11/ M 22/08 24/01 77/ M1,241 words
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Advertisement1243 2005-07-29 23 wsa wr ski u hks|pw|b»c nH pus rasa voy sin jkt sui m usw wis HYYIADIWSTOB UK M/ 7 30/7 v» 6/1 i/i 11/ l 18/1 KMTCUISAH SISS 31/7 3/1 4/1 */l 13/1 14/1 HYPWHBS OWS 4/1 VI 11/1 IVI 15/1 17/1 17/1 KMTt SMGAfOtE 51 IS 7/> 10/1 11/11,243 words
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Advertisement980 2005-07-29 23 w WEEKLY EXPRESS SAIUNG SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AMD WESTERN ICQ POINTS VfSSB I VOT ISM PJQANGI COLOBMO N. SHEVA I COLOMBO mm/ 25JUL am Z?JUL 01 MIC MAUt WtHtAfiAHDHI OMSW 01 AUC P?AUG 05AIIC 08 AUG II AUG mm* JSg2L StiiiL "Mtt 15 AUG 18AU6 AliO ACdPTMG980 words
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Advertisement841 2005-07-29 24 VOUf WALLENIUS WILHELMSEN WWW website: http://www.2wfllobal.(om [VlSStl I VOY RAMP I HIICHT I SIN L»C MAO HOU« MIA SAV lAI OtF NYC HEW MQB AWONA AJSO6 601 MS S.3M I 05/08 IS/Of 16/09 19/09 Jl/09 TAMISIS AFS2O 3201 MS 6.4 M I 08/08 30/08 08/09 12/09 16/09 14/09 |lO»A I841 words
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Advertisement67 2005-07-29 24 AVANT SHIPPING LINES Regular FCL services to Maaasia Jakarta, Surabaya, Idawe Malaysia Part KkMf, Phorj, Paslr Gadw| THaflaad iMglrnlr. Loan Qtnfriwj Vlataaw HaCMiMhhaty managing agcnt: PELANGI SHIPPING PTE LTD 40A CRAIG ROAD (SPORE *****8) HL *****455 FAX: *****167 Eldt pdiH@IVIiI|IMp.(M.S) POUT KELANG Pfl INTERNATIONAL (M) SON BHD TB: 03-*****553 PtNANG67 words
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Advertisement1360 2005-07-29 24 vtssa vor sm rcu vtssa vor sin jkt PAC lANDA 1524W 30/07 30/07 PAC WfTAN 9309 30/07 02/01 J2LMBI ftia? mi ?i/py Sflj <*/<» PAC BAMDA 152SN 31/07 01/01 PACMTCAII 9310 Ot/CX 09/01 PAC lAWDA 15M 92M 02/0* M VIJUI -sua] aiat nm w/w '"ft/ 1 111 mum mm oim1,360 words
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Advertisement702 2005-07-29 24 BSA x MYANMA ■H FIVE STAR LINE (Myamar National Line) Loading for Yang on ViSSEI VOY SIN PKL PEN PGU PAGAN 348W SU> PAGAN J49W SlO IN MALAYSIA: SOUSTEAD SHIPPING AGENCIES KUL/PKL 03-*****388 PEN: 04-*****15 ACCEPTING CONVENTIONAL C6O VESSEL VOY HKG SIN PGU PKL KUC NAPIU 111 SU) SU) SID702 words
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THE BUSINESS TIMES SHIPPING TIMES
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9430 2005-07-29 25 ETA ETA AdrartiMr VhmI Voyag* TatapilOM ETA HA AdvtrtlMr V«Ml Voyaga llllftm SIN Dasfn Ham* Nmm Naakar Wuwtif SM Darfa Mm Mmw UMitir Mm MHWMMRiMMHMiMMNamMMMMMMMMnHnnnNNMNNHHI 06/06 10AJ9 NGPt FOYLEBANK 5P189 *****288 TO ABIDJAN (ABJ) 2003 Cote D'lvoire 08/08 31/06 Senator I C0SC0 DALIAN CW.C9,430 words
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Page 25 Advertisements
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Advertisement524 2005-07-29 25 Guaranteed Sailing! I Service from Singapore to: I Los flngeles Keelung I Weekly Consol. Twice weekly I Mon cut-off. Consol. I 14 days transit. Mon A Thurs cut-off I HUB MARINE PTE LTD BOOKING: *****375/716 MAINLINE: *****866 FAX: *****066 OPR CODE "DZ" CR NO **********0Z MARKETING SALES: KELVIN CHUAi *****535,524 words
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Advertisement617 2005-07-29 25 FREIGHT LINKS EXPRESS PTE LTD 51 Penjuru Road, 3rd Level, Freight Links Express Logisticentre, Singapore *****3 Website: http ://www.freightl inlcs. net ATTRACTIVE RATES TO: BWP'-'tJ «J ALEXANDRIA GENOA KEELUPJG KAOHSWNG mmm 9—« LE HAVRE MALTA MA HE MARSEILLE CEBU DALIAN HONO KONG JAKARTA HiiU| I GMNGDAO SHANGHAI SURABAYA looking Hotftxr617 words
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Advertisement368 2005-07-29 25 ■MKotSU 3W»31/07 05-07/08 13 14/08 I ■Pilißi TIGER SKY 305N 02-03/08 09-11/08 14-17/08 I ■MOmiJ TIGER WAVE 306N 06-07/08 12-14/08 20-21/08 1 TIGER PURL 307N 09-10/08 14-18/08 23 24/08 ■■■■■TIGER SEA 308N 13-14/08 19-21/08 27 28/08 1 TIGER SKY 309N 14-17/08 23-25/08 30-31/08 319 04W08iri7^8| ■MRMMMTiGei SPIRIT 104 01-02/08 08-10/08368 words
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executive lifestyle
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567 2005-07-29 27 jaime ee - off the cuff jaime ee HOW do you insult a Chinese tourist? If you're in Genting Highlands, apparently the best way is to draw a pig on the back of their room key holders. Yes, that's what it took for more than567 words
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Article, Illustration1790 2005-07-29 27 CORINNE KERK - It has been more than six months since the tsunami hit Phuket on Boxing Day last year. CORINNE KERK pays a visit and finds the Thai resort... CORINNE KERK THE security guard at Le Meridien Phuket Beach Resort looked curiously as our car stopped atCORINNE KERK - 1,790 words
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Page 27 Advertisements
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Advertisement13 2005-07-29 27 BOOKS Books are the furniture of the mind: Robin Tomlin PG 30 r13 words
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CINEMA
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Article, Illustration468 2005-07-29 28 NGIAM YING LAN - REVIEW By NGIAM YING LAN IF a whoosh of deja vu hits you while watching Stealth, it could be because you just saw The Island a few weeks ago. Both movies have more in common than their action-thriller genre they're set in the near468 words
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Article, Illustration540 2005-07-29 28 AARON LYE - FILM FESTIVAL Foreign talent had a part to play even then, says AARON LYE AARON LYE WE'VE all heard something or other about the golden age of film in Singapore during the 50s and 60s how Singapore nearly dominated South-east Asian film through sheer number of productions,CATHAY KERIS - 540 words
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Page 28 Advertisements
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Advertisement20 2005-07-29 28 Raffles City Centrepoint Takashimaya Clarke Quay Enquiries 6268 9600 E-mail enquiry@royalselangor.com.sg ROYAL SEIANGOR* it m' whK^^HHj B m v B^j20 words
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ARTS
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Article, Illustration657 2005-07-29 29 AARON LYE - THEATRE Three next-generation divas will be in town next month, reports AARON LYE AARON LYE UNLIKE its reel cousin out west in Hollywood, California, where the leading man is a long-stand-ing tradition on the silver screen, New York's Broadway has long been all657 words
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Article, Illustration511 2005-07-29 29 SUSIE WONG - EXHIBITION By SUSIE WONG MARTIN Loh, known for his endearing naive style of painting has poured his talent into Cerita Budak Budak his illustrations for a book of Malaysian Children's Favourite Stories (published by Tuttle Publishing). The illustrations consist of a series of 50-odd paintings in ink511 words
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Page 29 Advertisements
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Advertisement311 2005-07-29 29 VAN GOGH PREFERRED BANKING J r* l^UP'l Ijrbv H jjP^Bnß^L tR?- aHr >J» JP9HF Vjgjl lit tibr *S&< rd« 'SSsk L j. *JH WL v& J VP r t'Cj-'■ B^H (Hi Tiipftv s§|H b«L 1 n| VHBL .SF -^Br p- ■•JL *I*;' H i3|flk W The more substantial your investment,311 words
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Page 29 Miscellaneous
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Miscellaneous262 2005-07-29 29 CRYPTIC CROSSWORD 1 John having a quick sleep 'e's a 6 Work in shop usefully (4) 10 Son follows domestic animals 10 I J J 1 One may hok/film showingvehi--12 He's a kind to look unconven--17 mum-one very attractive —L__l—— one reducecho tears (7) cult to grasp it (5) 24262 words
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BOOKS
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Article, Illustration592 2005-07-29 30 PARVATHI NAYAR - WORDS FROM THE TOP Robin Tomlin, vice-chairman, Asia, UBS, speaks to PARVATHI NAYAR on favourite reads and influential books from his library in Lucca, Italy PARVATHI NAYAR Which book would you say has had the greatest impact in your career as a banker?592 words
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Article, Illustration1358 2005-07-29 30 PARVATHI NAYAR, NGIAM YING LAN - PARVATHI NAYAR and NGIAM YING LAN check out this month's selection PARVATHI NAYAR, NGIAM YING LAN WITH the National Library Board unveiling its spanking new 58,000 sq m building in Victoria Street just last Friday and the Singapore Writers Festival set to hit town next monthCHRIS LOH - 1,358 words
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Article, Illustration629 2005-07-29 31 CHUANG PECK MING - SPOTLIGHT CHUANG PECK MING discovers a different perspective of Mao Tse-tung CHUANG PECK MING JUNG Chang and Jon Halliday get you hooked from the very first paragraph of their new book, a political biography of Chairman Mao Tsetung. The bombshell is dropped even before you come to theARTHUR LEE - 629 words
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Article, Illustration518 2005-07-29 31 CHEAH UI-HOON - By CHEAH UI-HOON MODERN Singapore is built on early sea trade and there are still some 200 shipping lines which link this island to 600 ports in the world, but what do we really know of the days when Chinese junks, British clippers and hybrid tongkangsNATIONAL HERITAGE BOARD - 518 words
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Page 30 Advertisements
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Advertisement214 2005-07-29 30 Excellent Value HHHHHHHHHHH r i i wines Introducing a KQEDBDIBDhI free-flow buffet with a Penang Hawkers* Fare it s Back Again! U*r i vJ v! ff i S 14 July to 7 August 2005 Back by popular demand, a tantalising Plaza Brasserie (formerly Cafif Plaza) re-opening in the spread with214 words
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Page 31 Advertisements
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Advertisement155 2005-07-29 31 Driving the new Grand Espaee isn't an experience, it's a privilege. A large 7-seater MPV that was designed with only your comfort in mind, the Grand Espace truly has it all. Powered by a 2.0 A Turbo engine, all of the features come together to create a new form of155 words
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DRIVE
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Article, Illustration992 2005-07-29 32 SAMUEL EE - The best time to go on a motoring holiday in Sweden is in late spring or early summer as the sun doesn't set until late at night, notes SAMUEL EE SAMUEL EE Gothenburg may not be as hip as Stockholm but Sweden's second largest city isPHOTOS: SAMUEL EE - 992 words
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Article, Illustration294 2005-07-29 32 THE city of Gothenburg makes a good base for those daily excursions out into the surrounding areas, and one nice hotel to stay in is the four-star Gothia Towers. It has good parking facilities and you can even park your car in the driveway just outside the reception294 words
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Page 32 Advertisements
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Advertisement154 2005-07-29 32 Audi Vorsprung dutch Technik T lit Audi Ay the Audi AG Hi. Audi A I Th< Audi A:i Spnrth.n k Winner in the luxury class Winner In the uppei middle cl.iss Wiiiik i m tin- middle r.l.iss Wmni'i in the picmium comp.ict cl.iss f 4* The pursuit of excellence has154 words
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