The Business Times, 19 November 2004

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Total Pages: 36
1 36 The Business Times
  • 15 1 THE BUSINESS TIMES SINGAPORE 85 cents online at http://business-times.asial.com.sg MICA (P) 023/03/2004 November 19, MM
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  • 680 1  -  BT exclusive Senior managers didn't break rules under Securities and Futures Act, MAS explains By SIOW LI SEN [SINGAPORE] The Government of Singapore Investment Corporation (GIC) was not held liable for the insider trading by three employees who do not have
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  • 138 1 ST! 2,032.62 (-13.78) ST INDEX FUTURES 2,042.00 (unch) SIMSCI 241.13 (-1.98) SIMSCI FUTURES 241.20 (-2.50) MARKETS Thursday Change KLSE COMP 904.48, +2.82 NIKKEI 225 11,082.42 -48.87 HANG SENG 13,799.82 -25.16 SET INDEX 646.9? +2.77 JAKARTA COMP Closed MANILA COMP 1,817.64 +23.28 SEOUL COMP 875.84 -9.58 SHENZHEN B 239.18
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  • 44 1 TOP STORIES... f 2,3 COMPANIES RG4 7/J MARKETS PG 8 SINGAPORE P<3 10 ECONOMY PG 11 M'SIA/INDON.. PG 12 CHINA/INDIA... PG U ASIA-PACIFIC.. PG IS WORLD PG 16 AVIATION PG 1? SHIPPING PG 18 EDITORIAL PG 20 STOCKS PG 22,23 LIFESTYLE ...PC 28-32
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  • 417 1  -  Trend could signal fall in bankruptcies, say observers By DANIEL BUENAS [SINGAPORE] The number of writs of summons filed against individuals and companies fell for a fourth straight month in October another sign that economic recovery is continuing to filter through,
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  • Page 1 Advertisements
    • 16 1 CURRENCY SPECIAL Keep abreast of the trends and gyrations PGII *****1 l 8 *****1 n *****4
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    • 53 1 S TRAVEL TIPS keep your booking MAS decision raises corporate liability issues: don f Pg 3 Market civil penalties explained, Pg 21 Two HP notebooks tobewonl Check out our BTXchange stock-buying game on PG 21 and see if you can win one of two HP notebooks or a $500 Raffles
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    • 40 1 ■TjL TARGETING ASIA MSB CEO Ballmer on WE** Microsoft's plans TrimJ for region pg 10 4%" THE '■».>* Sq NEW FACE OF SINGAPORE'S ART BUSINESS I j. W" t m m I•; JjF w V -T EXECUTIVE LIFESTYLE PG32 DEL TEMPO.
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  • TOP STORIES
    • 922 2  -  Once almost derailed, talks for ambitious pact are back on track By ANNA TEO in Santiago HAVING cleared the biggest hurdles in its way, the three-party free trade agreement (FTA) between Chile, New Zealand and Singapore is now on the home stretch,
      FILE PHOTO  -  922 words
    • 574 2 LATEST US INDICATORS Key index down 0.3% in October, marking 5th straight decline AFP. Bloomberg [WASHINGTON] The US economy is "losing steam", the Conference Board said yesterday. Its index of US leading economic indicators fell 0.3 per cent in Octo- ®£>arking
      AFP.; Bloomberg  -  574 words
    • 661 2 China eases rules on foreign investment in media firms CHINA will let foreign investors take stakes in television production companies for the first time, widening access for Viacom Inc, Walt Disney Co and other media companies in the world's biggest TV market by viewers. The new policy, to
      661 words
    • 597 3 Move will widen access for Viacom, Walt Disney, News Corp, others Bloomberg [BEIJING] China will let foreign investors take stakes in television production companies for the first time, widening access for Viacom Inc, Walt Disney Co and other media companies in the
      Bloomberg  -  597 words
    • 619 3  -  By SIOW LI SEN [SINGAPORE] Singapore's first civil penalty action has created an "unfortunate" impression that the Monetary Authority of Singapore has applied a narrow interpretation to the Securities and Futures Act, says an academic. The action resulted in three employees of the
      619 words
  • Page 2 Advertisements
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  • Page 3 Advertisements
    • 439 3 ■RipHllHH Call toll-free 1800 289 8822 In the matter of The Companies Act, Cap. 50 And In the Matter of HO-SHIN ENGINEERING PTE. LTD. (Company No. *****2093E) (Incorporated in the Republic of Singapore) MDTirF TO CREDITORS OF MEETING Notice is hereby given, pursuant to Section 296 of the Companies Act,
      439 words
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  • COMPANY NEWS
    • 314 4  -  It launches new Titanium card as part of plan to double base to 1m By SIOW LI SEN OCBC Bank yesterday launched its first trendy credit card, as part of an overall strategy to double its current card base to one million
      REUTERS. FILE PHOTOS  -  314 words
    • 556 4  -  HOCK LOCK SIEW By ANDREA TAN THE price of Fraser and Neave shares has risen some 17 per cent since the start of the year a decent showing against a 15 per cent gain for the Straits Times Index. Of course, this
      556 words
    • 413 6  -  Top policy-makers with stint at US bank stand at six, led by chief exec By SIOW LI SEN SHARON Craggs is the latest JP Morgan alumnus to join DBS Group Holdings, South-east Asia's largest bank, in which former employees of the US investment
      413 words
    • 502 6  -  By VINCE CHONG IN a move to partly fund its acquisitions of 13 properties, Ascendas Real Estate Investment Trust (A-Reit) is raising $400 million through the issue of 258.1 million units at $1.55 each. The 258.1 million units comprise 179.3 million units to be issued
      FILE PHOTO  -  502 words
    • 287 6 THE High Court has dismissed a $1.7 million claim by a foreign bank against C K Tang for an alleged breach of contract by the retailer in an aborted securitisation deal. In July last year, C K Tang announced that Bayerische Hypo-und
      287 words
    • 4756 6 UNIT TRUSTS FUNDS Japan Growth!" 0.908/0 944 Shenton Thrift!" 1.116/1.161 acm Ainrn Acut Mm (Vnarsi Shenton Income 1.508/1 553 toilroEor' 0 772/ Shenton mcome(USD) *****943 to 1246/ S5££ <;«r Firr«* (Ul 11/ Shenton Gfc Opportunities/" 0671/0696 agy,,::. 1 ,".izragi SW.S'"—r-.VSSS Sar tea BaUreed 0 9* Mendakl Global/" 0697/0 718 Star
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    • 323 7  -  Water treatment group buys 51 of China chemical firm for $6m cash By ANDREA TAN WATER treatment group Sinomem Technology Ltd will receive a sales boost of more than 150 million yuan (Ss3o million) from its new joint venture in China. Sinomem said yesterday
      323 words
    • 242 7  -  By ANDREA TAN WATER treatment group Dayen Environmental Engineering Ltd yesterday posted an 8 per cent rise in net profit to $2.1 million for the year ended September. Turnover surged 50 per cent to $65.7 million, largely due to its waste treatment
      242 words
    • 231 7 AP Oil International Limited has clinched a deal which will have significant impact on the group's results. In a statement yesterday, the mainboard-listed company said it has signed a contract worth about $363 million to supply raw materials to a state-owned company in
      231 words
    • 255 7 MAINBOARD-LISTED Beauty China's chairman and managing director Wong Hon Wai has placed out 20 million vendor shares worth $12.4 million to institutional investors. The placement shares, representing a stake of about 5.84 per cent, were priced at 62 cents each a 5.47
      FILE PHOTO  -  255 words
    • 689 9  -  Deals worth up to US$50b already in pipeline for next 12-18 months By WONG WEI KONG AFTER a record year in 2004, equity capital markets (ECM) in the Asia-Pa-cific are in for another boom next year. The upbeat outlook comes as more companies
      REUTERS  -  689 words
    • 158 9 CONTRACT equipment manufacturer Norelco Centreline Holdings has appointed Andy Luong as chief executive officer from Jan 1, 2005, replacing current CEO Koh Pang An, who remains as director and executive chairman of the company. The mainboard-listed company, which makes precision components and equipment used
      158 words
    • COMPANY BRIEFS
      • 63 9 KEPPEL Offshore Marine subsidiary Keppel Verolme has clinched a 20 million euro (Ss43 million) conversion contract for the pipelay vessel Solitaire from its owner Solitaire Marine Contractors, a subsidiary of Allseas Group of Switzerland. The Rotterdam-based Keppel Verolme, which was acquired by the Keppel
        63 words
      • 74 9 AFP FRENCH sports retailer Decathlon has awarded Singapore Telecommunications a multi-million dollar, threeyear contract to upgrade its Asian communications network, Sing Tel said yesterday. Under the terms of the contract, Sing Tel is to link Decathlon's French headquarters via a private data network, commonly known
        AFP  -  74 words
      • 55 9 DBS Group Holdings Ltd said it has sold wholly owned subsidiary Lion City Run-Off Private Limited for $3.8 million. LCR was incorporated on June 11, 2004, in connection with the transfer of certain offshore general insurance portfolios of Aviva Ltd (formerly known as
        55 words
      • 79 9 BOARDROOM Ltd has appointed Goh Geok Kim, chairman and managing director of stock broker GK Goh Holdings, as non-exec-utive chairman in place of Sim Cheok Lim who will remain as an independent non-executive director. Goh Yew Lin is appointed alternate non-executive director to
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  • Page 4 Advertisements
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  • Page 5 Advertisements
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  • Page 6 Advertisements
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  • Page 7 Advertisements
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  • SINGAPORE MARKETS
    • 520 8  -  STOCKS A probable local economic slowdown dampens sentiment and much of the broad market sags badly R SIVANITHY Senior Correspondent IT was perhaps asking for too much to expect the Straits Times Index to rise to another four-year high yesterday, particularly after it hit
      Source: Bloomberg  -  520 words
    • Article, Illustration
      847 8  -  Compiled by VEN SREENIVASAN Singapore Airport Terminal Services Nov 18 dose: $1.94 (JOB KAYHIAN RESEARCH. Nov 18 OCTOBER'S operating data continued to show very strong growth, which was in line with the rise in air traffic through Changi Airport. Although rates are felling, SATS is gaining market share with
      Source: Bloomberg  -  847 words
    • Article, Illustration
      433 8 OTHER SINGAPORE INDICES Nov 18 VALUE CLOSE BT OB/OS -268.00 -188.00 BT CADI -*****.00 -78.00 BT 10-day MA -*****.00 -26.00 All-SG Equities 519.83 -3.33 SG Equities Elect 155.42 +1.57 SG Equities Fin 1613.95 -7.82 SG Equities Prop 501.16 -2.20 SIMSCI 241.13 -1.98 SiMSCI Futures 241.20 -2.50 MOST ACTIVE STOCKS VOLUME
      433 words
    • 505 8  -  CURRENCIES LARRY WEE Senior Correspondent DOWNSIDE targets for the unpopular US dollar continued to topple helplessly like tenpins in Asia yesterday, and US Treasury Secretary John Snow certainly played a part in digging the hole deeper for his coun- try's currency overnight. Yesterday in Asia, players
      Source: Reuters  -  505 words
    • TRADES TO WATCH
      • 169 8 PRIVATELY held Goodyear Realty bought another 3.15 million shares in Hong Fok Corp on Wednesday. The shares were bought at an average of 24 cents each. Goodyear's latest buy raises the deemed interests of the Cheong brothers, who control Hong Fok. Goodyear now has
        169 words
      • 91 8 LAFE Technology chairman and group chief executive officer Christopher Ho Wing-On saw his deemed shareholding increase again yesterday after the Grande Group bought 431,000 shares on the open market at 18 cents a piece. Mr Ho, who does not hold any direct stake in
        91 words
      • 49 8 SINCERE Watch's substantial shareholder Tay Liam Tiak picked up 53,000 shares in the watch retailer from the open market. The purchase boosts his stake to 5.99 per cent from 5.97 per cent previously. The counter ended at 74.5 cents yesterday, down half a cent.
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      • 112 8 KS Tech directors saw their combined deemed shareholdings increase when investment vehicle Kim Seng Holdings bought a total of 138,000 shares on Tuesday and Wednesday at 83 and 84 cents apiece. Executive chairman Tan Kim Seng, executive director Tan Fuh Gih, alternate directors Tan
        112 words
      • 67 8  -  Compiled by ANDREA TAN CHICKEN slaughterer Elite KSB's founder and executive chairman Chew Koh raised his stake in the group through a series of open market purchases recently. Mr Chew bought 92,000 shares at 10-10.5 cents a piece. This ups his stake from
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  • Page 9 Advertisements
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  • SINGAPORE NEWS
    • 456 10  -  Possibilities are just mind-boggling, Microsoft CEO tells 130 govt officials Reports by AMIT ROY CHOUDHURY MICROSOFT chief executive officer Steve Ballmer yesterday stressed the importance of the Asia-Pacific region to the world's top software maker when he was addressing more than 130 government officials
      FILE PHOTO  -  456 words
    • 499 10 ALEXANDRA Hospital, the Infocomm Development Authority of Singapore (IDA) and Microsoft yesterday announced a major three-year information technology (IT) initiative called Healthcare.NET that would be used to improve patient services at the hospital. The three signed a Memorandum of Intent (MOI) through which
      499 words
    • 319 10  -  Reserve list plot drew highest offer of $345 psf ppr By KALPANA RASHIWALA A HONG Konger representing a group of investors from Hong Kong and China placed the top bid for a residential/commercial site at Handy Road at a state tender which
      319 words
    • 356 10  -  By VINCE CHONG SINGAPORE investment in Japan has grown in tandem with increased trade since the signing of the New Age Economic Partnership between the two countries in 2002. Bilateral trade was $43.7 billion in 2003, up 3.8 per cent from the
      356 words
    • 436 10  -  By NANDE KHIN THE enforcement of Singapore's new copyright legislation takes effect in under two months. But more than a third of small- and medi-um-sized enterprises (SMEs) are still not prepared for it, a study commissioned by the Intellectual
      436 words
    • 316 10 COE premiums yesterday generally softened, with those for big cars descending to levels last seen in 1993. A certificate of entitlement for Category B cars above 1,600 cc fell $1,001 to $20,300. The last time premiums for big cars were in the $20,000
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  • Page 10 Advertisements
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  • ECONOMY WATCH
    • 774 11 Reuters [FRANKFURT] An economic policy rift is opening between Europe and the United States over the tumbling US dollar and the European Central Bank has limited scope to contain the fallout. The dollar's decline has sent the euro surging 7.3
      Reuters  -  774 words
    • 627 11 Traders believe no action will be taken at G20 meeting to correct weakness Reuters [TOKYO] The dollar sank to a record low against the euro and a 7'/2-month low against the yen yesterday, pressured by expectations that nothing will be done
      Reuters  -  627 words
    • 554 11  -  Tokyo believes US fundamentals remain strong By ANTHONY ROWLEY in Tokyo SPECULATION that Japan will intervene in the foreign exchange market intensified yesterday as the yen surged to a seven-and-a-half month high against the US dollar threatening further damage to
      REUTERS  -  554 words
  • Page 11 Advertisements
    • 55 11 >, I See02.com e K o **&>'• When you ate at the top, there is no room for grey areas. .1 f v t d d IIS E5 I 3 C k tou' Jtoi.i 0v. o r t\ k(.". bo,11 (.i B i j 11 in Wif oloss L AN
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  • MALAYSIA/INDONESIA
    • 506 12 Chamber cites inventory build-up and easing demand for electronics in US Bloomberg [KUALA LUMPUR] Exports from Malaysia by Intel Corp, Dell Inc and other US electronics makers fell in the third quarter as customers held back orders to reduce inventory,
      Bloomberg  -  506 words
    • 179 12 AP [KUALA LUMPUR] Malaysia's manufacturing sales surged 20.6 per cent to RM36.9 billion (Ssl6 billion) in September compared to the same month last year, on the back of robust demand for exports, the government said yesterday. September's sturdy manufacturing sales confirmed that the Malaysian
      AP  -  179 words
    • 237 12 Bloomberg [JAKARTA] PT Telekomunikasi Selular, Indonesia's biggest cellular-phone operator, had its credit rating outlook raised to positive from stable yesterday by Fitcfc Ratings, which cited its dominant position in the country's expanding mobile market. The Jakarta-based company, 65 per cent owned by PT Telekomunikasi Indonesia
      Bloomberg; REUTERS  -  237 words
    • 327 12 AP [JAKARTA] Indonesia's newly elected president said his administration will work in its first three months to eradicate corruption, create jobs and settle the sectarian conflicts that have raged in the world's most populous Muslim nation. Susilo Bambang Yudhoyono was
      AP  -  327 words
    • 2391 12 VOl FS8M 1.18 0.09 2 W»u «M row) FTEC Resources 0.S3 0.01 916 Furqan Bus. Org .0.35 0.01 660 A AM Realty 1.35 unch 10 Gadang 1.58 0.03 1613 A 1 1 055 002 61 Gamuda 5.25 0.10 3064 ACP Industries 1.19 unch 93 General Corp
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  • Page 12 Advertisements
    • 339 12 The Security of Payment (SOP) Bill introduced in Parliament on 19 October 2004 will have tremendous ramifications for the entire spectrum of players in the value chain within the building and construction industry. Based on similar models in Australia, New Zealand and the United Kingdom, the Bin, slated to come
      339 words

  • Page 13 Advertisements
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  • GREATER CHINA/INDIA
    • 513 14 11 more banks set to meet capital adequacy standards by end of the year [BEIJING] China's banking reforms are proceeding at an unprecedented pace with 11 more banks set to meet global standards for capital adequacy by the end of the year, bringing
      REUTERS  -  513 words
    • 239 14 Bloomberg [NEW DELHI] India's government has given banks the power to take over the management of companies that default on loans, as part of its drive to clean up bad debts. The government issued a decree amending the Securitisation Act
      Bloomberg  -  239 words
    • 283 14  -  By AMIT ROY CHOUDHURY [SINGAPORE] Indian software major Satyam Computer Services yesterday announced that it would recruit fresh graduates from local universities here. This is the company's first management graduates hiring programme outside India and those recurited would be absorbed in the company's
      283 words
    • 142 14 AP [HONG KONG] Hong Kong's richest woman, Nina Wang, has been granted an appeal to try to win her late husband's estate two years after a court said she had probably forged his will. Her appeal will be heard by the Court of Final Appeal, but
      AP  -  142 words
  • Page 14 Advertisements
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  • ASIA-PACIFIC
    • 520 15  - SM 's visit to Turkey opens door to business Investment guarantee pact, more air links likely from Mr Goh's trip Reports by CHUANG PECK MING in Ankara AN investment guarantee agreement between Singapore and Turkey is a likely immediate outcome, followed by expanded air links, of Senior Minister Goh Chok
      520 words
    • 190 15  -  By ANNA TEO in Santiago BEFORE he gets down to three full days of meetings and talks with his Apec counterparts, Prime Minister Lee Hsien Loong took in the sights of Chile's premier port, Valparaiso, a world heritage city on the
      REUTERS  -  190 words
    • 471 15 SENIOR Minister Goh Chok Tong, who is meeting Turkish political and business leaders in a four-day visit, is pushing for Turkey to play a bigger role as a gateway between Asia and the Middle East. In an interview which appeared in the Turkish Daily
      471 words
  • Page 15 Advertisements
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  • WORLD
    • 580 16 The new company hopes to be better able to compete against Wal-Mart [NEW YORK] In the world of retailing, there is no such thing as "too big to fail," as investors have often learned to their sorrow. It may be a measure
      REUTERS  -  580 words
    • 330 16 Calpers 1 fund value hits all-time high of US$177.7b Bloomberg [SACRAMENTO] The value of California Public Employees' Retirement System investments reached U*****.7 billion, a record for the largest US pension fund because of gains in the stock market. The pension fund grew from U*****.9 billion as of Sept 30, a
      Bloomberg  -  330 words
    • 365 16  -  By ANTHONY ROWLEY in Tokyo IN what is likely to usher in a change of substance as well as style at the Asian Development Bank, Japan's former vice-finance minister for international affairs Haruhiko Kuroda will take over as president on next February
      365 words
  • Page 16 Advertisements
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  • AVIATION
    • 572 17 They face less competition from budget airlines on overseas routes Reuters [CHICAGO] Major US airlines, facing intense competition from low-cost carriers within the United States, are shifting their focus to international routes as they search for ways to drum up profits. Airlines
      Reuters  -  572 words
    • Article, Illustration
      51 17 [HONG KONG] A Cathay Pacific flight attendant shows off the newly-designed uniform at a press preview in Hong Kong yesterday. The new design, created by celebrity Hong Kong designer Eddie Lau, has a more modern edge to reflect changing fashions and times. The uniforms will debut next spring.
      AFP  -  51 words
    • 402 17 Bloomberg [SHANGHAI] FedEx Corp. the second-biggest US package carrier, plans to double its number of branches in China to 16 by May as the country's booming foreign trade fuels demand for air cargo services. China "still has great capacity for growth,
      Bloomberg  -  402 words
    • 227 17 Bloomberg [SINGAPORE] Korean Air Lines Co, the nation's largest air carrier, is suing the South Korean government to win mote, flight rights to company said in a statement. The airline filed a lawsuit yesterday with the number of flights it
      Bloomberg  -  227 words
    • 356 17 Bloomberg [HONG KONG] Virgin Blue Holdings Ltd, Austra'ia's second-biggest airline, is seeking to expand overseas as growth slows in its domestic market, where it plans to add just two aircraft this year, chief executive Brett Godfrey said. "Growth is not just going to be
      Bloomberg  -  356 words
    • 334 17  -  By VEN SREENIVASAN [SINGAPORE] If you're into BBQs, beer and wine though not necessarily in that order then heacl on down to the Padang tomorrow. Discount carrier Valuair has tied up with Tourism Western Australia, the Western Australian Department of Industry and Resources and
      334 words
    • 1938 17 CITY RIGHT ETA FLIGHT (TO Capaakagm SQ3S1 0625 SK972 2210 AMaMa BA7381 18S5 LH9770 2245 QF81 1855 S0229 2245 n BA7 |8 855 Ahmodafaad S0461 1420 S0462 0220 1 rz?;' —V7bU rrr: mm sow 0710 icb56 1145 Amrt,,<Um *?H| °f*| 2330 IC8S5 1015 AI481 1355 KLfl3s
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  • SHIPPING
    • 532 18  -  S'pore ready to play its part in the new initiative to enhance security By DONALD URQUHART [SINGAPORE] A new framework for cooperation among 16 Asian countries in the fight against piracy in the region will come into force soon. Singapore Defence Minister Teo
      AFP  -  532 words
    • 353 18 Reuters [HONG KONG] Beijingbacked container leasing and port investor Cosco Pacific Ltd said on Wednesday it would seek further overseas container port investments, a day after it struck a deal to develop a terminal in Belgium. "We have a number of development
      Reuters  -  353 words
    • 109 18 AFP [MADRID] Spain's judiciary said it would allow Apostoulos Mangouras, the skipper of the Prestige oil tanker which sank off Spain two years ago and whose cargo caused an environmental catastrophe, to take a break in his native Greece. Mr Mangouras is awaiting
      AFP  -  109 words
    • 527 18 Reuters [MELBOURNE] Patrick Corp Ltd, Australia's largest stevedoring firm, said yesterday its annual net profit before one-offs rose 25 per cent as strong growth at its rail and port units helped offset lower earnings at budget airline Virgin Blue. Patrick, which
      Reuters  -  527 words
    • 294 18 SGX '000 Nov 18 SS *1- Vol CH Offshore .0.38 -0.01 1129 Chuan Hup .0.65 unch 1699 Cosco Corporation 1.17 -0.01 2769 CWT Distribution 0.56 -0.01 435 EzreHldgs 1 07 0 01 361 Freight Links 0.10 -0.01 33 Grand Banks Yacht .0.90 0.01 145 Java Holdings 1.04 0.02
      294 words
    • 706 18  -  ADMIRALTY CASEBOOK By SELVA KUMAR A RECENT investigation report by the Australian Transport Safety Bureau (ATSB) has signalled a possible problem in the use of Automatic Radar Plotting Aids that could have significant implications for navigational safety in busy waterways such as the
      706 words
  • Page 18 Advertisements
    • 1001 18 Call toll-free 1800 289 8822 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF ALIVE INSURANCE PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) CO. REGN. NO. *****1347W NOTICE IS HEREBY GIVEN pursuant to Section 308(1) of the Companies Act, Cap. 50, that a Final Meeting of
      1,001 words

  • Page 19 Advertisements
    • 99 19 One-Stop Shipping Services Ship Registrations Ship Classifications Radio Accounting Tuvalu, Mongolia, Panama, Quality, Safety, Security S6rvlC6S Belize and many other flags Surveys and Consultants Accounting Authority RSO6 Advantages Most competitive fees low taxes L' 24-hour efficient service, 365 days a year m Worldwide network of surveyors ||P^ i:i .<■ *|l
      99 words
  • THE BUSINESS TIMES SHIPPING TIMES
    • 7067 19 ETA ETA Advertistr Vessel Voyage Telephone HA ETA Advertiser Vessel Voyage Telephone SI* Dest'n Name Name Number Number SIN Desfn Name Name Itamber Numtjer s v' < !•> tt-«, > ,-rt f f 03/12 22/12 Senator L YM BREMEN YBMB *****750 To ABIDJAN (ABJ)
      7,067 words

  • EDITORIAL & OPINION
    • 541 20 EDITORIAL THE United States-led assault on the Iraqi city of Fallujah is expected to conclude soon. Indeed, American and Iraqi government forces have moved steadily through the strongholds of the insurgents and have apparently secured important sectors of the Sunni city. There is no doubt that
      541 words
    • 1183 20  -  Globally, it has been growing faster than conventional banking, but will it catch on in Singapore? ANGELA TAN Senior Correspondent ISLAMIC Banking and Finance, or IBF, is said to be one of banking's hottest sectors, growing 10-15 per cent annually over the past decade a
      BLOOMBERG  -  1,183 words
    • 777 20  -  THE BOTTOM LINE ROBERT SAMUELSON GEORGE VV Bush hasn't much discussed what could be his biggest economic problem. It's not budget deficits or jobs. It's the possible crash of the US dollar on foreign exchange markets. Even if Mr Bush understood
      777 words
    • 1895 21 In response to questions from The Business Times, the Monetary Authority of Singapore explains the use of the civil penalty regime for market misconduct in Singapore's capital markets QUESTION: Why was the civil penalty regime introduced? Answer: The civil penalty regime was introduced as part of
      FILE PHOTO  -  1,895 words
    • 460 21 Tims". The New York Times editorial INDONESIA'S natural resources are among the most bounteous in the world. They are also among the most abused. Desperate for foreign investment and plagued by corruption and weak regulation, Indonesian governments over the years have virtually
      Tims". — The New York Times editorial  -  460 words

  • Page 21 Advertisements
    • 286 21 Your knowledge of the could win you an HP Notebook! So you think you know the market at your fingertips? Then try your hand at the BTX Game and win an HP Notebook for yourself! Ten stocks are listed (each with its previous day's closing prices). You are given a
      286 words

  • 11134 22 STRAITS TIMES INDEX STOCKS Stock mm Wt Ow dungo Stock Mint Wt don Change Allgreen 50c 0.28 1.020 -0.030 NOL 2.12 2 990 -0 050 BIL Intl US20C 0.44 0.945 -0.005 OCBC 10.10 13.500 -0.100 Capita Land 1.37 2.060 -0.020 Parkway H 25c 0.67 1.440 +0.010 Chart SemiCond
    11,134 words

  • 6038 23 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES in loot curt In SS In USI %tfr y» dy Mov 17 Indm Chjng* Oxnq* Chnoq» Chnnqt Onngn Oangt Wtortt Index Preliminary 8356 0.8 73 08 58 11 9 J «iAli Preliminary 758-7 0.5 82 08 BE 11 124) Eirope Preliminary 1047 5
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  • Page 24 Advertisements
    • 1660 24 I TO USA/CANADA I I EXPORT 1 I OTHER DESTINATIONS I |vgsa |VOY PKG |eTA SRI LONG BEAOI|DAUAS| HOUSTON MEMPHIS |ORCAGO| NEW YORK TO AUSTRALIA (AUSTRALIA ASIA EXPRESS) OOQ HAMBURG 07E47 OMIT 20/1) 07/12 13/12 14/12 12/12 12/12 15/12 VKSU VOY ETA SIN |KG FRt mi S TP I MfL
      1,660 words
    • 76 24 A k UK CONTINENT SERVICE Loading for ACHILLES RDM/ATW/BMN/UK/NAN LOK PRAKASH RTM/ATW/BMN/UK/NAN loads Singapore. EVW. Malaysia, Indonesia MIDDLE-EAST SERVICE Loading for PAN VOYAGER ADN/HDD/JDH/AQA PAN BRIGHT DBI/ABU/BRN/DOH/DMM/KWT ASEAN GLORY DBI/ABU/DOH/BRN/DMM/KWT GOLDEN SUN DBI/ABU/DOH/BRN/DMM/KWT "Loads Singapore. EVW Malaysia, Indonesia USA SERVICE Loading for MAHARASHTRA CAM/N FK/SAV/NOL 'Loads E7W. Malaysia, Indonesia F.E./S.E.A.
      76 words
    • 952 24 IINTERASIA RORO SERVICE vpsa/voT ramukd hbghtou pko kch to I sw I jkt I STIAfTS VEMTURE /I 5 15 3.2 12/11 14/12 11/11 21/11 23/11 STRAITS VENTURE /It 15 3.2 25/11 27/11 02/12 05/12 07/12 STRAITS VENTURE/17 15 12 09/12 12/12 14/12 19/12 21/12 I WIST ASIA/UNO At RORO SVS
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  • Page 25 Advertisements
    • 915 25 MOl Combines a rang* of shipping modes to ensure timely, reliable Mrvices covering major ports in J Norm America, Europe, Jopon, Alia, Africa Oceania. Abe acctpt btre-Asla Cepn feT~ For Schedules, BL Searches, and Container Tracking, visit on our Home Page: wWWtmoUin T cqnfyig___ www.hombumsud.com HAMBURa^^UD ASAf SERVKI mtwim looklr?
      915 words
    • 1300 25 VESSEL VQY SIN JKT HKG|KhHTmC KYM PUS VtSSEL VQY SIN JKT SUB HKG USN PUS HY PROGRESS M7S 25/11 27/11 2/12 4/12 4/12 1/12 1/12 KMTC PORT KEIAHG 41 IS 21/11 24/11 25/11 30/11 4/12 5/12 HY RRIDGE ~~M 2/12 4/12 9/12 11/12 13/12 15/12 15/12 KMTC SINGAPORE 416S 28/11
      1,300 words
    • 982 25 WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICQ POINTS VESSEL VOT I SIM PJUNGI COLOMBO H. SHEVA COtOWO AUSTRALIA IRIDCE 0061W 15 NOV 17 MOV HUlffl 2UIQK HOT* PERWIRA YFWOS3 27 NOV 24 MOV 27 NOV 30 NOV 03 DEC INDim GAWDHI 0068* 29 NOV 01
      982 words

  • Page 26 Advertisements
    • 650 26 WW WALLENIUS WILHELMSEN website: http://www.2wglobal.tom IVISSEi [VOY I RAMf HtIGHT I SIN IK HUP "hoU«~ MIA ~SAV~ »Al ORF MTC NfW ~ioT" TARONGA AM23 3201 mm 6.25 M I 01/12 25/12 04/01 11/01 12/01 16/01 14/01 11/01 01/01 TAMESIS AF424 3201ns 64M I 18/12 08/01 17/01 24/01 2S/01 03/01 28/01
      650 words
    • 1321 26 -ffiSfi ¥21 S!N fffll YlSSfl. sail SH JB sum 005»f 2im 22/11 Mtim 4JL4J 20/11 23/11 mum !34£ 23ZU 23/11 AIAiIOTA? U23 23/11 26/11 CSff 2301 0060P 23/U 24/11 PAt HfTAH J2ZS 2S/11 M/ 11 -EAUMffiA 134Z8 24/n 25/11 PACIAU 4142 27/11 _30/ l 1 Of 2301 QSftlE 25/11 27/11
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    • 55 26 5 WINSTAR SHIPPING PTE LTD (ft. Np Ne. *****4527N WINSTAR LOGISTIC PTE LTD C».««pl>». 1W*****16 SIN BATAM MTftil UNO 4 Sdhf* Waefcty (Mas Sat) Loodng at Jvoaa Part, 12 Dear to Doer KL/IQ/ Canvantioad Cargo fnyinn: Hmt» cdi IkuuU, SJmtim er J—l TUG A BAJKM CHAKIBUNO, MtOJKT CAftOO~ KL/VCL Itamshipmwit/Crocetrade
      55 words
    • 619 26 MYANMA n FIVE STAR LINE (Myonmar National Mm) loading for Yangon VESSEL VOY SIN PKL PEN PGU PAGAN 336W SID SLO HPA-AN 326W SID IN MALAYSIA: lOUSTEAD SHIPPING AGENCIES KUI/PKL 03-300 SS3M PEN: 04-*****1S ACCEPTIN6 CONVENTIONAL C6O NRG SIN HKG SIN PGU PM KUC CRYSTAL HEART 13 SU) SU) SU)
      619 words

  • Page 27 Advertisements
    • 1642 27 Vm m ft f\ S'pwe Agents: lAL Skipping Aoeacy (S) Pie ltd (CD NO; **********0Z) \mV (If 180 CecJjtrwl, #11-03 Bangkok Bank Building Smgopwe *****6 \W* M crnterasia JL,IHGS W: 6323 6466/77 Fax 63?3M33 Wffcsit*: www.htwMMMS.cMi SUPER EXPRESS SERVICE TO HONQ KOWQ A JAPAN VKStt IYOY OS» KOI|S«Z|TTO TOK HUG
      1,642 words
    • 1190 27 r-g— I lIVICO «UW: HL 6721-1333 FW: 6221-5272 I jTSy YUim LI 111 CO CUSTO**Oi SStVKLTIL 6221-5596 FAX: 6227-6190 I /OCI SINGAPOdE: TO*C JOO SHIPPING PTE LTD CRNaW 66M0000C W«kf»t: wwwfdifat».M« Ivissa voT msw kh vissci vor fta sm situ vpsa vov rasa wu vbsb vw rasa wnbch I GBHOWG
      1,190 words
    • 509 27 235N^^Vl1^2^S/11^04^/128 ■PPKffl TIGER SKY 236N 24 25/11 30-02/12 07-08/12 ■MUiMfl TIGER SEA 237N 30-01/12 06-08/12 13-14/12 I ■THIEIM TIGER WAVE 238N 30-01/12 07-09/12 14 1 5/12 I ■■■■■TIGERPEARL 239N 04-05/12 10 12/12 18-19/12 1 PJJU|TIGERSKY 240N 07-08/12 14-16/12 21-22/12 1 1 ■RNMRMiTIGER CREEK 002 20 20/11 27-29/11 07-08/12 ACHIEVER 161
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  • ARTS
    • 691 28  -  Pandit Hariprasad Chaurasia talks to PARVATHI NAYAR about his love affair with the flute. PARVATHI NAYAR FLAUTIST, sui generis. That's Pandit Hariprasad Chaurasia, whose name is synonymous with the sound of the bansuri, the North Indian bamboo flute. Many regard him as the bansuri s greatest
      691 words
    • 318 28 Nov 19, Friday to Dec 3, Friday Mamma Mia! By Judy Craymer, Richard East and Bjorn Ulvaeus for Littlestar in association with Universal and Dainty Consolidated Entertainment Esplanade Theatre, Bpm and 2.30pm (150 mins with intermission) Tickets: From $60 to $130 Nov 19 (Fri) to Nov 20
      318 words
  • Page 28 Advertisements
    • 77 28 —I I J J Their potent" blend of ancient mantras, rich harmonies rhythms win soothe your sou' ind revive B I' T'T" 25 (Concession price for students, senior citizens and NSF men at $18) Horns I in no the action 0 mm* two glasses of wine/beer/soft drinks at Opening act:
      77 words

  • ARTS/LEISURE
    • 957 29  -  Come December no fewer than three major events will be serving Russian classics, CHEAH UI-HOON, discovers CHEAH UI-HOON, December is the month to go Russian where the arts is concerned, anyway. With no fewer than three major arts and entertainment events revolving around Russian
      957 words
    • 608 29  -  GERMAN FILE FESTIVAL By PARVATHI NAYAR A MOVIE fashioned by nine European directors, each with a shooting budget of 99 euros; football as a miracle of reconciliation; nightsongs for a couple who have forgotten to love. Time to look beyond Hollywood and this has
      608 words
    • 580 29  -  MUSIC By KANNAN CHANDRAN BORN out of a dislike of today's scene, Jet embraced the hard-rocking music of an era before their time to yank it into the here and now. The foursome of 20-somethings have debuted with Get Born, an album
      580 words
    • 441 29  -  DVD Saving Private Ryan: D-Day 60th Anniversary Commemorative Edition By WILLIAM JACQUES THERE remains a thin line between commercial films that pander to the lowest common denominator and art, which intends to challenge and stimulate with disregard for the bottom line. No othter
      441 words

  • TRAVEL
    • 1612 30  -  CHARLES TEE gives some tips on online search that will maximise benefits for those late birds CHARLES TEE I HAVE had people telling me that they are unsure whether to book early or late for their travel. My advice is that if you need
      1,612 words
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  • CINEMA
    • 412 31  -  By GEOFFREY EU DO you believe in reincarnation? Anna (Nicole Kidman) a porcelain-skinned widow who is on the verge of re-marrying after grieving for 10 years does, or desperately wants to, and in the process threatens to ruin her chance of future happiness. Birth. which
      412 words
    • 758 31  -  The Incredibles is a fun-filled cinematic package for the whole family, says GEOFFREY EU GEOFFREY EU IF nothing else, the latest computer-animated offering (and irresistible box-of-fice smash) from the folks at Pixar Studios sheds some valuable light on the lesserknown hazards faced by superheroes who
      758 words
  • Page 31 Advertisements
    • 186 31 1171 A _1 J Presented J&Bftjl Diners Club Credit Card 6416 0980 Where to wine, dine and entertain... &Trea,s S 28th November 2004} Sunday, 12noon 3pm Conducted by our specially invited professional wine connoisseur who will m v personally attend to you at your table! «8«» four courses with any
      186 words
    • 125 31 A COURTYARD International Sunset Bbq Buffet Dinner 21 28 November, Sunday 4pm 6pm: A La Carte style menu Alter 6pm: Buffet style, Adult $35 Child $19 Enjoy succulent BBQ treats such as "suckling" pig, Juicy sirloin steak, tasty char slew and Malay satay. For reservations, call 6432 5567. GRAND PLAZA
      125 words
    • 137 31 Th* PI act for Most »/0 is Swing To Good Ol Favourites At Club 5 Unwind to great soothing music and enjoy Happy Hours at Club 5! One-fbr-One on standard drinks plus 35% discount off hard liquor bottles. Catch our new band. Le Mystique perform their smashing numbers. Or marvel
      137 words
    • 91 31 Diners Club Deals to celebrate the warmth of Christmas... Wine Culture 897 Bttkit Timah Road. Singapore *****7. Tel: 6462 1129 Purchase aa exquisite wine hamper at only 556 ne)t (Kjrtail price: 566.30). W—eqMfcfMAUJun 20 Dooeoiba HXM. gy Hamper coatuna rV|Ti''Tii| I TIT T'HT I ill thin Pompadow Heitoal Frail Tfaa
      91 words
    • 47 31 511 IMERITUS MANDARIN SINGAPORE m *i ttLfcWa^rgWl HIGH TEA AT NEW HEIGHTS Enjoy international favourites high-tea buffet. Adult: $26+++ Ihp Child: $16+++ ofmje Reservations: 6831 6258/88 Revolving Restaurant I r-w l*«fc floor MERITUS MANDARIN 333 Orchard Road, Singapore *****7. Tel: +65 6737 4411. Fax: +65 6732 2361.
      47 words
  • Page 31 Miscellaneous
    • 343 31 CRYPTIC CROSSWORD 7 Permitting situation with every- HH IH HW —HI JHH. Ji^ one in debt? (8) 111 9 Garage apprentice provides —InJ large glass bottle with basketwork casing (6) 10 Soon girl will have nothing to I I I I Mill Novel inducement (10) 12 A type of bird,
      343 words

  • executive lifestyle
    • 1591 32  -  The S'pore art market has become livelier with two new galleries showcasing contemporary Indian art, both run by women. Meanwhile, the older players are still going strong. PARVATHI NAYAR looks at the growing vibrancy of the Indian art market here PARVATHI NAYAR THE Singapore
      CHRIS LOH  -  1,591 words
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  • THE BUSINESS TIMES
    • 138 33 Designed by the world renowned, multiple award winning arctfTtect, i Peter Pran of the U.S. firm nbbj, The Sail Marina Bay is a spectacular, sculptural masterpiece that combines form and function. Inspired by the wind, water, sun and sea, its iconic
      138 words
    • 180 33 In practically every market in the region, property prices have soared except in Singapore. Signs of recovery as well as real estate analysis strongly suggest that a positive upturn in property prices is imminent. The Sail Marina Bay is perfectly timed to ride this crest and
      180 words
    • 292 33 Advertising Feature The Sail Marina Bay was previewed to a selected list of invited guests in a spectacular ceremony with fireworks, laser show and a unique water curtain that brought to life the Marina Bay area. It was truly a wonderful event to
      292 words
    • Article, Illustration
      121 34 6-star city lifestyle In one of the world's ten tallest residences From 1-bedroom studios to 2-, 3- 4-bedroom apartments as well as penthouses, all the luxury units are meticulously designed to maximize space usage and to integrate office and home into one complete lifestyle concept, with a touch of
      121 words
    • Article, Illustration
      178 34 Indulge in the infinity-edged pool, work out at the unique aqua gym or the comprehensive gymnasium with a panoramic vista of the Marina Bay. Luxuriate in extensive spa facilities after a game at the tennis courts. Everything you need for total health and wellness is right here. The Recreation
      178 words
    • 352 35 The Sail Marina Bay The premier waterfront city lifestyle From the focal point of Singapore's Central Business District and the exciting waterfront district of Marina Bay, indulge in all that a vibrant and dynamic city has to offer. Experience the true advantage of premier leisure, arts, cultural and business facilities
      352 words
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  • Page 36 Advertisements
    • 120 36 111 vT '<* "S f s V•£ Ife J ,1s 1 111| HI I lluLb s^ j .i m 11 HBWM I I I YSSSSmKfeSS^^^^K^SBg^HiPB.i./^WBtr HIHHHO ZHMtli' HKMfe^Hr. gHicti^B __^-ggg^^Bfr~~~^^^BiKlßil^Blßß^^^Hnffi !i B l >r t H IM ?^^5S55S5'^H ■■■L <^ES!"!^M rM rSSSH I ■'»n.'i&H■■ jiigwi ft i». v-**- Mtmm-gjß^mm^mto^i&tmgmigSfaQSaU^ A
      120 words