The Business Times, 18 October 2004

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Microfilm: NL25841
Total Pages: 32
1 32 The Business Times
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  • Title Section
    Lock icon Masthead
    11 1 THE BUSINESS TIMES Monday October 18,2004 sash*£*£ onfine at .axiLsg MnA(P)O23ABftOO4
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  • Article
    Lock icon Bakrie founder tipped to be Indon minister
    637 1  -  Two businessmen, two economists set to drive new govt's economic agenda By SHOEB KAGDA in Jakarta INDONESIA'S PresidentElect has picked an economic team that combines experience, respectability and business acumen, but which could prove controversial. Keeping to his promise of choosing respected professionals
    637 words
  • Article
    Lock icon Warwick looks to be front-runner to start S'pore campus
    533 1  -  If talks with EDB pan out, first intake will be in 2008 By DANIEL BEUNAS, JESSICA CHEAM [SINGAPORE] The Economic Development Board (EDB) is in active discussions with some of the top universities in America and the UK for them to
    533 words
  • Article
    Lock icon MARKETS DIGEST
    155 1 BT ONLINE To subscribe to The Business Times, call 6388 3838. You will also get free access to BT Online. MARKETS Week Chge STI 1962.54 -41.76 KLSECOMP 851.29 -9.79 NIKKEI 225 *****.95 -366.40 HANG SENG *****.43 -182.03 SET INDEX 648.48 -27.67 JAKARTA COMP 857.59 +1.87 MANILA COMP ....1781.41
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  • Article
    Lock icon CONTENTS
    46 1 TOP STORIES ...PG 2 3 VIEWS PG 4-5 COMPANIES... PG 6.8 MARKETS PG 9,10 SINGAPORE PG 11 ECONOMY PG 12 DINING OUT PG 13 M'SIA/INDON.. PG 15 CHINA/INDIA ...PG 16 WORLD PG 18 AVIATION PG 19 SHIPPING PG 20 STOCKS PG 26-27 BizlT PG 28-32
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  • Page 1 Advertisements
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      35 1 C ECONOMY WATCH Wdl St pins hopes on strong profits PGI2 TALK SHOP tJWHfHE DACCCC Ul hi UUMM Does your business idea -2£ have the tight stuff? > .-f > ■"-jj v -V-2*' '*\v..O *jlv V "<f
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      15 1 COMPANIES SGXi'Wfe make sure we are fair, open and transparent.' pg6 lIHIIIIIIII 8 ***** V,*****4,*****4
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      54 1 Motorola keen to fund Asian ■M tech start-ups: Senior VP mm Radmasree V&rrior PG2B cu j.*.-:a. Br to "o 'SSB H '-^1^sIsl ±J c j& k pS*- >" <.*>.**- I II jl^ vv->->» A' 1 t WKB Wl M if «F*f IS P- ft ■wwfc: i«i*i*w" —'---•"fe^gMpgfe., -**®r >* i-^1
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  • TOP STORIES
    • Article
      Lock icon Asian firms lag Western outfits in IT security: major study
      538 2  -  Its survey shows S'pore to be better prepared than others in region By AMIT ROY CHOUDHURY [SINGAPORE] The largestever worldwide study on the state of information security has found that while Singaporean companies are better prepared to deal with security
      538 words
    • Article, Illustration
      Lock icon THREE-MINUTE DIGEST
      738 2 Size of listed firms not a factor in SGX scrutiny THE Singapore Exchange says all listed companies, regardless of size, are subjected to the same standards of scrutiny when there are unusual share price movements. Yeo Lian Sim, SGX executive vice-president and head of risk management and regulation,
      738 words
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      329 2 Incorporation services in all major jurisdictions Global network of offices Ready-made companies available Management and administration services China business registration Accounting and trade support services Virtual office solutions Personal and corporate bank introductions TO ARRANGE A FREE CONSULTATION CONTACT: SimonneToh T: +65 6535 3382 F: +65 6535 3991 E: singapore@ocra.com.sg
      329 words
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      484 2 vOJI fc»-'V+** «b& .«fc 4*wr ACT(S) and NUS Saw Centre Conference CORPORATE RISK MANAGEMENT Succeeding in Turbulent Times Bth November 2004 8.30 a.m. to 5.00 P.m. Hotel Intercontinental Singapore The advent of globalisation, advances in information technology, accelerating pace of business, and threats of terrorism have resulted In the increasing
      484 words
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      223 3 !c?. $j •5# \r </r > UH I.^' j&* m •V> v 'V- v '■>»/• i Jg > T 'SLjti K v J rj> •<•.•*.>■ iu f* j c r f f. t r v-- v- -U *v.. >- \-s-i 'j':~ v V-"'> M: 1 3 U 11 /-C *mmb&
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  • VIEWS FROM THE TOP
    • Article, Illustration
      Lock icon LOOKING FORWARD TO GROWTH
      2072 4 THIS WEEK'S TOPIC Have the latest economic and market developments changed your expectations for the economy, and for your company or organisation, in any way? ROCKETING oil prices and a sharper than expected dip in the Singapore economy in the third quarter are some of the
      Design: BEN CRUZ  -  2,072 words
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      68 4 BTCEOse-Chib Marten o« the BT CEOs e-Oub are Singapore's top corporate leaders whom BT edrtors would He to interact with in an atmosphere of informality and trust This 'dub' is a virtual on* with interaction mainly via e-mail. Each week, we wfll invite comments from these top executives on various
      68 words
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  • COMPANY NEWS
    • Article
      Lock icon Size of firms not a factor in scrutiny
      765 6  -  Queries made when reasons for stock movements are not apparent: SGX By WONG WEI KONG ALL companies, regardless of size, are subject to the same scrutiny by the Singapore Exchange (SGX) when it comes to unusual movements in their stock price, the
      765 words
    • Article, Illustration
      Lock icon Gearing up for Friday's Bull Run
      218 6 ONE more week to The Bull Run 2004, but the excitement is palpable in the CBD with participating companies gearing up for the charity run. One Raffles Quay, sponsor of The Big Boss Challenge, is no exception, with its staff seen limbering up last
      CHRIS LOH  -  218 words
    • Article
      Lock icon SembCorp gets nod to appeal against UK tribunal's ailing
      323 6  -  By KALPANA RASHIWALA SEMBCORP Industries (SCI) has been granted permission by England's High Court to appeal against a ruling by the Arbitration Tribunal in a long-running dispute with Swiss-based Allseas about the conversion of a ship named "Solitaire" The approval came
      323 words
    • Article
      Lock icon Koda boosts capacity as $22m order rolls in
      539 8  -  Sixth plant seen doubling factory space in Vietnam by 2006 By KENNETH LIM pense of losing more pricesensitive customers. Koda today has fewer customers than it did three years ago, Mr Koh said, although revenue has grown. Having more of such customers
      539 words
    • Article
      Lock icon What will A-Reit do when pace slows?
      629 8  -  HOCK LOCK SIEW By VINCE CHONG ASCENDAS Real Estate Investment Trust (A-Reit) is bulking up well, as its interim results last week show. Net distributable income for the six months ended Sept 30 grew 53 per cent from a year ago to $33.7
      629 words
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      127 6 COMMERCE. SYNCHRONISED. •>|m Hm; JP-" s y' 4 v* Ib^SSShPE^* ;>> Total vision ,^1^^aiN'*^^'^c*^ 1 r l»# i-tlflU *■_> »j; I *0*^"^*** m What's more, anybody in 1 m :$$*&< any department can access m jm|V m Z« UPS shipping services. i;.| w M *v You decide. Setting boundaries 1B
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      324 7 BMBBBBfci.- #llfe <vv «t^rte&ssf& g-«i T ;r?; 'v^HSKttrijiß^l^ll^V-... '.'-'.A" BBgMjgBHR&gaiBM lE^V|9pl|9B||^Bj^^H^H^^^^^^^|^^^^B ftf BrafflWSSl»»-» .•.^t--- II :llmi^H^H^^^H If Flfr J I ,'Bll^^^^^H BBBIPf If I II H I IRBPfap II .h^^^|BßH^^M II 1 II t- ■-«M" I \%^2*^fe®^l9W I H B1 I T w I ■l^l :3BBP'- B i B ''^BB^^H
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      233 8 —HB a *d_ .^ybugg| aNki n mM^M ||ttfl|^Krf v, i 'p v v«* fl 4** i 1 'S*W. 'T«'. Sw? j•_ r ■■if iBR 1 "HllHHl l'lM'l I |I Hp t H i^Er^L,*Jf" a >* k v%rfy,\iui> y»k TMh|l[W |H^sp' *,j M^j-^... iB "^v; 1 A j ■I BHI Grand
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Lowest price-to-book portfolio manages to buck downward trend
      1151 9 Senior Correspondent There are periods when almost all the stocks slump and one just doesn't feel like looking at the market at all. Well, last week was one of those weeks. The Straits Times Index weakened by 2.1 per cent while the
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    • Article, Illustration
      Lock icon Buyers active as purchases rise sharply
      1057 9  -  INSIDE MARKETS But sales were also high with 26 disposals, reports ROBERT HALILI ROBERT HALILI Directors and substantial shareholders were active on the buying side last week with 25 shareholders of 21 firms that recorded 39 acquisitions worth $5.6 million. The number of shareholders,
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    • Article, Illustration
      Lock icon Active trading management required
      696 10  -  STOCKS There will be trading opportunities but investors will need to be nimble R SIVANITHY Senior Correspondent IT looks very much like history will repeat itself. We're talking about recent history as well as the more distant variety here. Recent history, for example, dictates that having
      AFP  -  696 words
    • Article
      Lock icon US data, oil buffet Asian units
      336 10 CURRENCIES AFP [HONG KONG] Asian currencies were buffeted last week by rising oil prices and data showing that the US trade deficit had ballooned to its second biggest level on record. The Australian dollar was meanwhile boosted after the re-election of the Conservative government,
      AFP  -  336 words
    • Article
      Lock icon WEEK AHEAD
      87 10 Investor events to watch out for QAF Rights Issue, ex-date, Oct 18 New Toyo's dividend payment, Oct 18 Dairy Farm's dividend payment, Oct 20 Elec Eltek's dividend payment, Oct 20 HK Land's dividend payment, Oct 20 JMH's dividend payment, Oct 20 JSH's dividend payment, Oct 20 Tat Seng's
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    • Article
      Lock icon DIVIDENDS ANNOUNCED
      478 10 tayaort b »ook« f»yiiw Ei tab tori <t» !im m«- fca»—^—as*—i«a_ AMatCnggXK i» »N» IW* 2>*w MiooAtoc* tfe b ITU 28-0a 02 »W«X Mt.M»in»ifr t 140 xa BOB W» I Mif 110t f UA m4* •**> JWnunoOjiiV > am P<» MMiMrtgiifc S 1MB >M» II* awii W» M-Otl
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    • Article, Illustration
      Lock icon BROKERS' RECOMMENDATIONS
      449 10 Compiled by Thomson Financial l/B/E/S OTHER SINGAPORE INDICES Oct 15 VALUE CLOSE BT OB/OS -298.00 +104.00 BTCADI -*****.00 +46.00 BT 10-day MA -*****.00 -30.00 All-SG Equities 512.37 +2.49 SG Equities Elect 157.91 +1.46 SG Equities Fin 1573.83 +10.53 SG Equities Prop 472.50 -1 05 S1MSCI 235.57 +1.44 SiMSCI
      449 words
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      41 9 S g I Tiffany&Co. A Gift For Business Please call 6735 1848 for our new holiday business gift catalogue. Inside are classic gift ideas for your clients and colleagues. Tiffany&Co. SINGAPORE RAFFLES HOTEL ARCADE NCF.F. ANN CITY BUSINESS SALES 6715 1848
      41 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon UOL sells 30 more Newton Suites units
      433 11  -  Homebuyers have snapped up a total of 50 of the 68 units released for sale By KALPANA RASHIWALA UNITED Overseas Land (UOL) sol'd 30 units at Newton Suites over the weekend, bringing total sales to 50 apartments over the past fortnight, BT understands.
      433 words
    • Article, Illustration
      Lock icon Lower unemployment rate expected in Q3
      293 11 MANPOWER Minister Ng Eng Hen said yesterday that Singapore's thirdquarter unemployment rate is expected to be lower than in the first two quarters of this year, although the overall unemployment rate is still expected at about 4 per cent this year, CNA reported. Dr
      293 words
    • Article
      Lock icon Blasts at expressway worksite
      136 11 THREE explosions and a small fire occurred yesterday morning at a construction site for the Kallang-Paya Lebar Expressway. No one was injured and the worksite and its structures remain intact. The site is at the junction of Paya Lebar and Airport roads and includes some work
      136 words
    • Article
      Lock icon Temasek doesn't draw on govt's past reserves
      325 11  -  LETTER TO THE EDITOR Gan Chee Yen Managing director Finance and Legal Secretariat Temasek Holdings (Pte) Ltd THE article, "President can okay Temasek access to govt's past reserves" (BT, Oct 13), is misleading on several points, including the headline itself. When The Business
      325 words
    • Article
      Lock icon EVENTS LISTING
      276 11 DATE/ TIME EVENT VENUE 18 Oct NUS-SID Conference Chal- The Ritz Carlton Millen8.30am lenges For Directors in a ia, The Grand Ballroom Global Economy 2004 18 Oct Seminar on Indonesia's ISEAS, Seminar Room 10.00am Economy Under President II, 30 Heng Mui Keng Susilo Bambang Yudhoy- Terrace Pasir Panjang
      276 words
  • Page 11 Advertisements
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      120 11 Quality Hotel Singapore A member of Choice Hotels International J 10 t b Choice Hotels A ustralasia 1111 l gSUfI €11v iWHw 'Ik ji™.yij t:^ comfort H l ~jffiss9HMr i I I m. c-^ HKHM Wireless broadband connectivity Business services Satellite TV programmes eg. ESPN, Supersports, Starsports, BBC, YTN, Arirang
      120 words
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      217 11 Recruit the one you want for any position you have Call 1800 289 8822 or email reavit@sph.com.sg for your recruitment solutions ■ifgpsnfn MASTER OF PROPERTY Learn to put theories into practice with real-life problemsolving projects on real world situations. Our Master of Property program is a leading edge postgraduate course.
      217 words
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  • ECONOMY WATCH
    • Article
      Lock icon Wall St pins hopes on strong profits
      618 12  -  WALL STREET INSIGHT Analysts say good news from company earnings may help market recover from onslaught of problems in past few weeks By ANDREW MARKS in New York AS if troubling news on the economic front and ever-clim-bing oil prices weren't bad enough,
      618 words
    • Article, Illustration
      Lock icon Fed's Santomero says US economy needs time to adjust
      478 12 Reuters [MADRID] The US economy still needs time to cleanse itself of factors that caused recession in 2000 and 2001, Philadelphia Federal Reserve president Anthony Santomero said in an interview published yesterday. "We are reaching our growth potential, even if it
      Reuters  -  478 words
  • Page 12 Advertisements
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      156 12 PORSCHE DESIGN Cargon. Hit the road. Any road. J I H for Cargon your cargo Carry it as a or as a the Cargon a travelling companion no matter where you go. I Porsche Design Boutique 420 Orchard Road, #01-06, Delfi Orchard, Singapore *****6 Also at: Metro Department Store Level
      156 words
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      46 12 Raffles Country Club Le French Restaurant Open to public 450 Jalan Ahmad Ibrahim Tel: 6862 1838/9 3-Course French Cuisine $12.80 by award winning ex-5 Star Hotel Chef Raffles Country"ciub Mon ToFri Lunch only r TF Sat: Dinner onlv 1 Rest on Sunday. 1 1 Ttg#r Brewery
      46 words
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      16 12 W J^r 1 cpmTTUii^dlß Pools ids, level 4, above Tar>glin MoB. Raservations recommended, lei: 6831 4373.
      16 words
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      140 12 Oktoberfest Oktoberfest Oktoberfest Oktoberfest Oktoberfest Oktoberfest Oktoberfest Oktoberfest Oktoberfest Oktoberfest Oktoberfest Oktoberfest Oktoberfest Oktoberfest Oktoberfest Oktoberfest Oktoberfest Oktoberfest Oktoberfest Oktoberfest Oktoberfest Oktoberfest Oktoberfest Oktoberfest Oktoberfest Oktoberfest Oktoberfest Oktoberfest Oktoberfest Oktoberfest Get into the spirit of Oktoberfest I Enjoy the best of German food with our German Set Lunch Special. 1
      140 words
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  • DINING OUT
    • Article, Illustration
      Lock icon Give bread a break
      941 13  -  JAIME EE checks out some good places to get tasty, healthy bread-based lunches JAIME EE IS bread likely to go down to diet hell given the current lowcarb craze that says it's anathema to those trying to lose weight? But bread is the mainstay of the
      FILE PHOTOS  -  941 words
    • Article, Illustration
      Lock icon Healthier alternatives
      411 13  -  By JAIME EE For proper low-calorie and healthy meals, check out these two restaurants: Aiwo CPF Building and Raffles City This conveyor-belt style eatery makes calorie counting easy with individual servings consisting of just 50 calories. Considering that everything is cooked, in olive oil and the preparation doesn't
      FILE PHOTOS  -  411 words
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  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • Article, Illustration
      Lock icon Does your idea have the right stuff?
      711 14  -  By JOYCE KOH HONESTLY, ideas are uesless unless you have the resources to put them into avy\ mP action. So you have fantastic lAM 1 money-making ideas, but you also I J need money to make money. Apart from borrowing from rich relatives
      Graphic: JENNIFER CHUA  -  711 words
    • Article, Illustration
      Lock icon The juggling act
      741 14  -  CAMPUS LIFE Jocelyn Chua tells CAROLYN QUEK how she manages her budding stage career while studying at NTU CAROLYN QUEK SHE'S a drama mama, and proud of it. Meet Jocelyn Chua, a budding thespian and a third-year communication studies student at Nanyang Technological University. With her animated
      ARTHUR LEE  -  741 words
    • Article
      Lock icon Share your views on what's relevant to you and stand a chance to win a Nomad MuVo!
      281 14 PRIME Minister Lee Hsien Loong, in his maiden National Day Rally speech, championed the empowerment of youths. "Give them a say in their lives to make them feel they can make a difference,"
      281 words
  • Page 14 Advertisements
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      104 14 Have your say Got questions related to business or finance you would like answered? Know someone who started a business or has had interesting experiences studying/interning overseas? Have feedback on what you would like to see on this page? We want to hear from you. E-mail us at: btnews@sph. com.
      104 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Will the Top 3 KL tycoons strike out?
      690 15  -  MALAYSIA INSIGHT Challenging times for Syed Mokhtar, Vincent Tan and Tony Fernandes EDDIE TOH KL Correspondent WHAT do Syed Mokhtar AlBukhary, Vincent Tan and Tony Fernandes have in common? The three self-made tycoons are no strangers to investors. Syed Mokhtar is best
      690 words
    • Article
      Lock icon M'sia sets stage to be key Islamic banking hub
      510 15 AFP [KUALA LUMPUR] With eight full-fledged Islamic banks including three Mid-dle-East players, predominantly Muslim Malaysia has set the stage to become a key Islamic financial hub in the region, analysts say. The central bank last week completed a plan to fast-track
      AFP  -  510 words
    • Article, Illustration
      Lock icon Megawati to skip Yudhoyono's inauguration
      249 15 AP [JAKARTA] Outgoing Indonesian President Megawati Sukarnoputri has decided not to attend this week's inauguration of Susilo Bambang Yudhoyono as the country's next head of state, a senior aide said yesterday. "There are no regulations requiring her presence at the ceremony on Thursday," said Pramono
      AP; AP/REUTERS  -  249 words
    • Article
      Lock icon Naza-led group wins bid for DRB-Hicom
      245 15 AFP [KUALA LUMPUR] A consortium led by businessman S M Nasimuddin Amin has won a bid for a controlling stake in car and banking conglomerate DRB-Hi-com Bhd, reports said yesterday. The consortium beat tycoon Syed Mokhtar A 1 Bukhary to win the bid for
      AFP  -  245 words
    • Article
      Lock icon KL lifts bridging loan measure for commercial properties
      491 15 But banks must get projects assessed independently [KUALA LUMPUR] Bank Negara Malaysia has lifted the restriction on bridging financing for the development of commercial properties, but financial institutions must first obtain an independent assessment on the impact of the intended project before
      491 words
  • Page 15 Advertisements
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      30 15 76 Bras Basah Road Singapore *****8 Tel: (65) 6338 8333 Fax: (65) 6339 6866 Email: roomreservations@carlton.com.sg www.carlton.com.sgwww.cartton-hotel.net A MEMBER OF CARLTON GROUP OF HOTELS AUCKLAND BRISBANE MELBOURNE PARRAMATTA SINGAPORE SYDNEY
      30 words
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  • INDIA/GREATER CHINA
    • Article, Illustration
      Lock icon India's Congress party seen stronger after state win
      467 16 Maharashtra polls victory could give govt's economic reforms a push Reuters [BOMBAY] India's ruling Congress party, flush with an election win in the state that is the heart of finance and film, will now be better armed to deal with demanding communist
      Reuters; AFP  -  467 words
    • Article
      Lock icon India's top power producer raises 53.7b rupees from IPO
      272 16 Reuters [BOMBAY] National Thermal Power Corp Ltd (NTPC), India's top power producer, has raised 53.68 billion rupees (551.96 billion) in the country's sec-ond-largest initial public offering (IPO) after pricing the offering at the top end of an indicated range. State-run NTPC,
      Reuters  -  272 words
    • Article
      Lock icon Internet phones reshape HK telecom industry
      415 16 Reuters [HONG KONG] A legal row between Hong Kong's dominant fixed-line phone company and an industry newcomer speaks volumes about how Internet phone calls are rapidly changing the telecommunications world. At stake is software that began as a toy for technology enthusiasts but has
      Reuters  -  415 words
    • Article
      Lock icon KLSE: BROKERS' RECOMMENDATIONS
      8 16 Compiled by Thomson Financial l/B/E/S
      8 words
  • Page 16 Advertisements
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      162 16 for the Oil Gas Fraternity 7-10 December 2004 Sunlec Singapore 1 or updates it pre-reijisiration WWW )si\l \sj,l.c"OH1 I're register beloi'e 2 > No\ 2004 OSl A A musi-au.ond even! \sia"> l.iri.c-t anJ most established 4 powcr-packcd ».i>ntcrcnccs Mill. inJustrv tAt!!!. mp.u l' 1 1 st API-X U\!iuh.°-! I ru:n.
      162 words
  • Page 16 Miscellaneous
    • Miscellaneous
      Lock icon Page 16 Miscellaneous Column 1
      182 16 CRYPTIC CROSSWORD 2 S CaU9M n miS <°*«» Across: 1 Warm-hearted, 10 3 Pure ttsnev? (4 5) 16 one offers true novel P lot < 9 Thing, 11 Inversion, 12 Cantabile, 4 Term starting 'soon -is one's in ,ora Elite. 14Excite. 16Heathers. 18 work out? (7) u j Conflict, 20
      182 words
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  • Page 17 Advertisements
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      743 17 M& SERIAL SYSTEM LTD MSk #t a? #P&--&- STRENGTH TO STRENGTH Message from Guest-of-Honour Message from Dr Derek Goh Jy[ r Chee How Founder, Executive Chairman Group CEO |HP; Today marks a significant design, warehousing and logistics support. We are also 11lf r% dill lam delighted to join the directors,
      743 words
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  • ASIA-PACIFIC/WORLD
    • Article
      Lock icon Telstra sale not likely before 2006: govt
      216 18 Bloomberg [SYDNEY] Australia's government is unlikely to sell its As3l billion (Ss3B billion) stake in Telstra Corp, the nation's biggest phone company, before 2006, Communications Minister Senator Helen Coonan said. There were several service and regulatory requirements that would still have to be
      Bloomberg  -  216 words
    • Article, Illustration
      Lock icon New York Times strongly endorses John Kerry for president
      370 18 AP, AFP. Reuters [NEW YORK] The New York Times yesterday endorsed John Kerry for president, praising the Democratic candidate for his willingness "to re-evaluate decisions when conditions change". Mr Kerry also picked up the endorsements of newspapers in two closely contested
      AP,; AFP.; Reuters; AP  -  370 words
    • Article
      Lock icon More than 400.000 US jobs to go: study
      499 18 Nearly a quarter will go to China as production shifts to low-cost centres AFP [WASHINGTON] The United States will lose more than 400,000 jobs this year to Mexico, China, India and other Asian nations as multinational corporations restructure operations and shift production
      AFP  -  499 words
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      95 18 'w-,- %>.*,' f 1 iJL r v S 0- v r -i- v > r '"'V 1 ~< l> l VI jpTx ;7 j '^^3 t A ANOTHER SINGAPOREAN UPGRADE WJi/j \»v a -j V- i. i ".{K. puMtiuif mm IffiSISS From humble Paya Lebar to modern Changi Airport. 300>000
      95 words
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  • AVIATION
    • Article, Illustration
      Lock icon Budget airlines hold their breath as fuel costs soar
      737 19 Larger carriers may be better protected by hedging AP [HONG KONGI High oil prices are putting the squeeze on airlines worldwide, and passengers are seeing fuel surcharges tacked onto tickets as executives keep a nervous eye on the bottom line. But
      AP; FILE PHOTO  -  737 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      390 19 AIRLINE CODES: AA: American Airlines (AAL), AF Air France (AFR), AI: Air India (AK), AY Finnair Oy (FIN), AZ: Alitalia Airlines (AZA),BA: British Airways Public Ltd Co (BAW), BG Biman Bangladesh Airlines (BBC), BI: Royal Brunei Airlines Sdn Bhd (RBA), BO Bouraq Airlines (BOU), BR EVA
      390 words
    • Article
      Lock icon Deliveries this year may reach 320: Airbus
      232 19 Bloomberg [TOULOUSE] Airbus, the world's biggest plane maker, expects to deliver as many as 320 aircraft this year, or 5 per cent more than it forecast earlier, as demand from airlines picks up, said chief executive Noel Forgeard. Airbus will increase production and
      Bloomberg  -  232 words
    • Article
      Lock icon Air NZ still seeking to work with Qantas
      476 19 But it's not seeking a strategic investor for now: CEO Reuters [MELBOURNE] Air New Zealand said yesterday it was seeking ways to work with Australia's Qantas following Australian approval of an alliance between the two carriers that had fallen foul of competition
      Reuters  -  476 words
    • Article
      Lock icon Fuel surcharge not a rip-off: Qantas
      271 19 AFP [SYDNEY] Australian flag carrier Qantas Airways yesterday hit back at claims it was fleecing customers by imposing a surcharge on ticket prices to offset rising fuel costs. The airline lifted its fuel surcharge for the second time on Friday, saying record crude oil
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    • Article
      Lock icon Nod for US Air pay cut
      108 19 AFP [ARLINGTON, Virginia] A bankruptcy judge has approved a 21 per cent pay cut for the airline's unionised employees, agreeing to the company request for urgent steps to keep the carrier operating. Judge Stephen Mitchell agreed to waive the company's labour agreements and grant
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      Lock icon Plan to turn Subang airport into repairs hub
      194 19 AP [KUALA LUMPUR] Malaysia plans to turn its former main international airport into a regional hub for aircraft maintenance, repairs and overhaul, a newspaper reported yesterday. The Sunday Star quoted Transport Minister Chan Kong Choy as saying the domestic airline industry was
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      Lock icon Okay aims to be China's first private airliner to take to skies
      307 19 Bernama [BEUING] The Okay Airways Co is expected to be China's first private airline to start flying by the end of this year, while two others are also ready to fly, according to the Civil Aviation Administration of
      Bernama  -  307 words
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  • SHIPPING
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      Lock icon Lines hit by US congestion to charge levy
      307 20  -  Surcharge applies to all-water shipments to and from two US ports By DONALD URQUHART [SINGAPORE] A continuing strong peak season and ongoing congestion at the key US West Coast ports of Los Angeles and Long Beach have resulted in additional surcharges being
      307 words
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      Lock icon Salim raising funds to bail out Philippine unit
      330 20  -  Bulk of money to come from sale of 5% of Metro Pacific By AL LABITA [MANILA] Indonesia's Salim Group is raising fresh funds to bail out listed shipping subsidiary Negros Navigation Co (Nenaco), the Philippines' second largest inter-island passenger and cargo line,
      330 words
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      Lock icon Pirate boat capsizes after colliding with tug
      312 20  -  By DONALD URQUHART [SINGAPORE] Six armed, masked pirates capsized their speedboat while attempting to board a tug that was underway at the southern end of Indonesia's Riau Islands recently. The attempted boarding occurred mid-morning on Oct 8 in the Selat Riau when the
      312 words
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      Lock icon TRANSPORT STOCKS
      291 20 SGX '000 Oct 14 Si W- Vol CH Offshore 0.41 -0.02 4275 ChuanHup 0.66 unch 4660 Cosco Investment 1.02 -003 ***** CWT Distribution 0.55 unch 152 Ezra Hldgs 1.22 unch 434 Freight Links 0.11 unch 3243 Grand Banks Yacht 0.83 -0 02 13 Jaya Holdings 1.03 -0.01 1270
      291 words
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      Lock icon THE COLOURS OF OIL
      54 20 fVASHON ISLAND. Washington] An oil spill, dispersed by winds and tidal waves, creates a multi-coloured sheen on the waters off the Telaquah ferry landing on Vashon Island, Washington. Department of Ecology officals and spill response contractors were attempting to deploy booms to protect sensitive marine habitat
      AP  -  54 words
    • Article
      Lock icon Turkey jams could stoke oil prices
      453 20 Reuters [LONDON] Delays for oil tankers transiting the Turkish straits grew to seven days for the round-trip journey as winter weather set in and freight rates soared to 30-year highs, shipping brokers and local agents said. Record-breaking crude oil prices, already sensitive to any
      Reuters  -  453 words
    • Article
      Lock icon London firms to broker freight derivatives
      161 20 Bloomberg LONDON] Spectron Group, a London-based energy brokerage, said it will start brokering contracts this month that protect against swings in shipping costs after freight rates surged to record. Braemar Seascope Group, a London-based shipbroker, will work with Spectron to match buyers and sellers
      Bloomberg  -  161 words
    • Article
      Lock icon Steel prices may drive up ship costs
      219 20 Bloomberg [SINGAPORE] The rising cost of steel may force shipbuilders in Korea, Japan and China to increase prices when they start selling ships for delivery in 2008, Oslo-based shipbroker Fearnleys AS said in a market report. Posco, Korea's largest steel maker, said last
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      35 20 .few ...V V iJfWM.I,,* if, v/S ADVANCED OIL TAMER SAFETY For more details about our STCW courses, please visit our website: www.sma.sp.edu.sg or contact Ms Balvinder Kaur, Tel: 6772 1817 Fax: 6772 1958 E-mail: Bkaur@sp.edu.sg
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      2062 21 I TO USA/CANADA I I EXPORT I I OTHER DESTINATIONS I Ivcsa [VOY I PRG lEIASnILONG IEAOIIDALLAS [HOUSTON I MEMPHIS IORCAfiOI HEW TORR II TO AUSTRALIA (AUSTRALIA ABIA EXPRESS) P&0 NHNJjOYD KOBE 43E43 OMIT 21/10 I 04/11 12/11 131/11 11/11 11/11 Hfll VESSEL VOT~ ETA SIM PRG Hi I »NE
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      1040 22 MOL Combines ~p— o rang» oI shining moths to ww— ftiwly, wldbi> synoct covrinq major ports in J) Norm America, Europo, Japan, Asm, Africa Owmho- Alst ampt IrinHbki Gvjbos Ik mi».m miHfiyiiie fiiiMfini vuiium /*un f rarmn innn uum cmmiyi mSg 1 For Schedules, BL Seorches, and Container Tracking, visit
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      1295 22 VESSEL WY SIN JKT HKGpSiHTIN( KYH PUS VESSEL YOY SIN JKT SUB HKG USN PUS HTHHD6E QMS 21/10 23/10 21/10 30/10 1/H 3/11 VII KMTC SHANGHAI 412S 24/10 27/10 28/10 2/11 6/11 7/11 HY VLADIVOSTOK 149S 21/10 30/10 4/11 6/11 »/ll 10/11 10/11 KMTC PORT KELAWG 410 S 31/10 3/11
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      1398 24 I 'fi ~~sawarg-a£ iT' Tim~ricCLLu: vtssa Ivoy log lictl smz I TTOlTOKlwttlm Iserl vtssa w m JH. 5L *L HL 5L MOl OASIS 5258 03/10 04/10 05/10 06/10 07/10 11/10 15/10 17/10 *01 OASIS MSI 15/10 17/10 21/10 75/10 25/10 26/10 27/10 M/ 10 MOL EIEINITY SOl2 07/10 08/10 09/10
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  • Article
    Lock icon SINGAPORE STOCKS
    3637 26 STRAITS TIMES INDEX STOCKS Sttxfc mm wt Oott Change Stock name WW Qom dung* Allgreen 50c 0.30 1.060 -0.020 NOL 2.17 2 960 *0060 BIL Intl US20c 0.48 0.995 -0.005 OCBC 10.47 13.500 +0.100 Capita Land 1-21 1.760 Parkway H 25c 0.69 1 440 Chart SemiCood 26c 0.80
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  • Article
    Lock icon FINANCE & COMMODITIES
    3059 27 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES fcboJavt kts toUSS Kyr %tfy yr <fy %yr on 15 x»6«« Owji Otmgt Owm Chug* Chug* Ox«9« WWd Index Prefanm*y 790.4 00 IS 00 0.1 03 13 tEAftftdmray 731.1 03 43 0.1 2.4 <X4 36 hnpePirfmraiy ***** 03 15 03 2X1 OS 13
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  • Article
    Lock icon Oil soars on winter fuel supply worries
    861 27 COMMODITIES: WEEKLY ROUNDUP AFP [LONDON] Oil prices soared to new record highs last week, approaching US$55 in New York on worries about winter fuel supplies. Base metals reversed recent sharp gains as speculators banked profits after copper hit the highest level for 16
    AFP  -  861 words
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  • BizIT
    • Article, Illustration
      Lock icon Motorola on the lookout for tech start-ups to fund
      583 28  -  BT exclusive In exchange, the company gains new ideas, technologies and markets, the GTO tells RAJU CHELLAM RAJU CHELLAM US ELECTRONICS giant Motorola Corp is looking to invest venture capital funds in Singapore and Asian technology startups that focus on wireless
      583 words
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      Lock icon Venture capital making a comeback
      518 28 Surge driven by fastest pace of US initial public offers, compared with past 3 years DURING the dotcom boom days, there were rumours of venture capital firms putting big money on business plans scribbled on tissue paper and on the back of used envelopes. That
      AP  -  518 words
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      Lock icon China SMEs seen spending more on IT
      122 28 Bloomberg [BEIJING] Technology companies will sell computer hardware worth an estimated 308 billion yuan (5562.6 billion) to small and medium-sized enterprises (SMEs) in China this year, up 13.59 per cent over 2003, according to a report. Small Chinese companies will spend an estimated
      Bloomberg  -  122 words
    • Article
      Lock icon SMEs still not outsourcing IT operations: SCCCI
      385 28  -  By ROLAND LIM MANY local small and me-dium-sized enterprises (SMEs) still do not outsource their information technology (IT) operations despite perceiving outsourcing as an effective way of keeping business costs down, according to an infocomm technology (ICT) survey done by the Singapore Chinese
      385 words
    • <what's up>
      • Article
        Lock icon SAS to expand in Singapore
        49 29 SAS, a leader in business intelligence and predictive analytics, has announced expansion plans for the Asia-Pacific region and Singapore. Its new office premises here, officially opened by Art Cooke, president for SAS International, will include a regional training centre supporting SAS customers and partners.
        49 words
      • Article
        Lock icon Seminar on India next week
        90 29 A SEMINAR on India organised by the Singapore Chinese Chamber Institute of Business and Global Indian Business Network will be held on Oct 27 at Marina Mandarin hotel. Called "Gateway to Business Opportunities in India", the seminar is supported by the Federation of Indian Chambers
        90 words
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        Lock icon Security market to soar IDC
        97 29  -  Compiled by AMIT ROY CHOUDHURY LATEST research by US Infocomm research company IDC reveals that the security solutions market in the Asia/Pacific (excluding Japan) is expected to increase from US$l.9 billion last year to US$4.9 billion in 2008. This represents a five-year compound annual growth
        97 words
    • Article, Illustration
      Lock icon Looking into the past to predict the future
      849 29  -  &lt;you say&gt; Data-analysing programs can be a boon to info-overloaded executives but they should know which to use and when ROSS ALTMAN ON'T steer by the I wake!" It's a great I 1 phrase. Very graph--1 M ical. Very intuitive. madr it
      849 words
    • Article, Illustration
      Lock icon Nano—magic or mirage?
      966 29  - Nano —magic or mirage? &lt;we say&gt; Enthusiasm for this hugely promising technology needs to be tempered with pragmatism AMIT ROY CHOUDHURY Correspondent VISITORS to this year's Global Entrepolis Singapore may have come across a firm showcasing products that they would probably never have linked to nanotechnology. Credit card sized nano
      AFP  -  966 words
    • Article, Illustration
      Lock icon Life's a blast with the Portable Media Center
      659 30  -  &lt;cool stuff&gt; The multi-tasking little unit from Creative is a crowd-puller, enthuses gadget addict BRIAN VARNEY BRIAN VARNEY HI, my name is Brian and I am a gadget addict. I haunt Sim Lim, and class Generation E as a "must watch" show.
      CHRIS LOH  -  659 words
    • Article, Illustration
      Lock icon HP targets SMEs with new range
      388 30  -  By AMIT ROY CHOUDHURY HEWLETT-PACKARD (HP) has announced 46 new imaging and printing systems, solutions, and accessories as part of its ongoing smart office initiative, designed to help small and mediumsized enterprises (SMEs) in Singapore and the Asia Pacific region. The new products range
      388 words
    • Article
      Lock icon IBM, EMC to slug it out in high-end storage systems
      395 30  -  By RAJU CHELLAM IBM Corp, the world's largest computer company, last week launched a high-end storage system targeted at large companies at half the price of a comparable system from EMC Corp, the world's leading enterprise storage company. Slightly larger
      395 words
    • Article
      Lock icon New product range on Sun's horizon
      230 30 SUN Microsystems has announced a slew of new servers and storage solutions. Unveiled at its recent quarterly event, Network Computer '04, they include Sun's first entry-level Net-work-Attached Storage (NAS) solution, the Sun StorEdge 5210 NAS Appliance, that stores up to a maximum of 2.6
      230 words
    • <what's new>
      • Article
        Lock icon New MuVo from Creative
        79 30 CREATIVE Technology has announced the availability of the MuVo Micro flash memory based MP3/WMA player. Smaller than competing players the Muvo Micro (model N200) comes in eight colours. The devices come in 128MB, 256MB, 512MB, and 1GB models and weighs 32 grams. The 128MB model is
        79 words
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        Lock icon New USB flash disk
        81 30 AIGO, which is the international brand of Beijing Huaqi Information Digital Technology. has announced the availability of the I-Stick. which the company claims is the world's smallest USB flask disk. The l-Stick is 2.8 mm thick and weighs around 3 grams and fits into the USB
        81 words
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        Lock icon New visual computing tool
        92 30 SGI, one of the world's leading innovators in high-performance visual computing, has announced the availability of the Silicon Graphics Prism which it says is the world's most powerful and flexible Linux OS-based visual computer product line. SGI has taken its most advanced computer graphics capability and
        92 words
      • Article
        Lock icon NEC plasma display monitors
        90 30 NEC Solutions Asia Pacific's multimedia product group has launched a new range of NEC plasma display monitors which offer improvement in brightness, contrast and image quality. The new models of plasma display are the Plasma Sync 61XM3 (61 inches). 50XM4 (50 inches) and 42XM3 (42 inches)
        90 words
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        Lock icon Brother printer for home
        92 30 BROTHER has launched a 4-in-l colour printer for home users called the DCP1 IOC. The product can print, copy and scan. The fourth function is a photo capture centre which accepts various types of memory cards. The printer comes in metallic colours and a compact frame
        92 words
      • Article, Illustration
        Lock icon 'All-in-one' MP3 player
        111 30  -  Compiled by AMIT ROY CHOUDHURY MPIO, a leading producer of portable audio devices, has launched its "all-in-one" type MP3 player, the MPIO FGIOO. The device has features of an MP3 player, FM tuner, voice recorder and data storage. With the familiar look of a boombox design, its
        111 words
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      66 28 _________^^_m^^_^__ I^mbJMHIbHHB Authorized Dnlnbutor. Oaalar AV-Sclence Marketing Pte Ltd Office 1 Pto Ltd -x 3 Upper Al juried Link Block B (subsidiary ol NTVC Fakprice) #08-06 Joo Seng Warehouse The Funan IT Mall UVfRVHR/ Singapore *****2 #05-25/32 Tel: +65 *****322 Fax: +65 *****511 Singapore *****7 Email: avsmOav-science.com Daily: 10.00 am
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      11 28 &lt;COOL STUFF&gt; Why life's a blast for Brian Varney. PG 30
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      1325 29 advertise call toll-free 1800 289 8822 /Email: aottmfMhxaaM IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF ASV TECHNOLOGY AND MANUFACTURING (S) PTE LTD (In Creditors' Voluntary Liquidation) REG. NO. *****0013K NOTICE QF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 306 ol
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      163 31 iy increased productivity i Citrix gave our 28,900 I mmm users. Until they reduced our internal IT costs y.*' Reiner Schmitt, IT Manager INFRASTRUCTURE FOR THE ON-DEMAND ENTERPRISE As the recognized leader in providing collaborative business BSJsKSSEKvK solutions for all types of industries and for every major market, SAP knows
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  • VISION FOR INNOVATION
    • Article, Illustration
      Lock icon Look, ma, no wires
      1102 32  -  Wireless technology is gaining ground in Singapore as companies begin to realise how it can help boost the bottomline, reports UMA SHANKARI UMA SHANKARI AFTER an initial surge, general interest in wireless technology seems to have moderated. Among industry players and observers, however, wireless technology is
      1,102 words
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      Lock icon ANTlabs hits the (hot) spot with world-leading technology
      516 32  -  By CAROLYN QUEK ANTLABS is a company with vision. When the wireless Internet boom started here in 2002, the company already had two years of research and development in the area of connectivity technology. The local telecom companies also wanted to develop
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      Lock icon Orange Gum moves beyond SMS games
      482 32  -  By CAROLYN QUEK HOME-GROWN Orange Gum started out in 2000 by creating Kungfu Boy, its first Web and WAP-based game. When the WAP dream did not take off, the company changed its strategy to provide interactive SMS games. This strategy has certainly paid off.
      482 words
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      93 32 The National Infocomm Awards is the highest industry accolade for Infocomm innovation in Singapore. The award is jointly organised by the Infocomm Development Authority of Singapore (IDA) and the Singapore Infocomm Technology Federation (SiTF). The NIA provides a platform for recognising innovative products and services from infocomm companies in Singapore.
      93 words