The Business Times, 2 February 2005

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Total Pages: 30
1 30 The Business Times
  • 13 1 THE BUSINESS TIMES SINGAfWwL*' online at http://business-times.asial.com.sg MICA (P) 023/03/2004 Wednesday, February 2,2005
    13 words
  • 658 1  -  He's said to have bought Amtek warrants while in possession of undisclosed info By KAREN HO [SINGAPORE! Prominent businessman Lee Ah Bee has been charged with in-sider-trading and has resigned as executive chairman of listed Amtek Engineering. Amtek said last night the Commercial Affairs
    FILE PHOTO  -  658 words
  • 131 1 sn 2,094.65 (-1.67) ST INDEX FUTURES 2,092.00 (-4.00) siMsa 251.08 (-0.70) SIMSa FUTURES 251 JO (-1.10) MARKETS Tuesday Change KLSECOMP Closed NIKKEI 225 11.384.40 -3.19 HANG SENG 13,578.26 -143.43 SET INDEX 708.73 +6.82 JAKARTA COMP 1,047.53 +2.10 MANILA COMP 1,992.46 -27.10 SEOUL COMP 923.69 -9.01 SHENZHEN 8 232.48
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  • 47 1 TOP STORIES ...PG2,3 COMPANIES.. PG 4,5, 7,8 MARKETS PG 6 SINGAPORE ..PG 9,10 ECONOMY PG 11 M'SIA PG 12 INDONESIA PG 12 CHINA/INDIA... PG 13 ASIA-PACIFIC.. PG 14 WORLD PG 14,15 AVIATION PG 16 SHIPPING PG 17 EDITORIAL PG 18 STOCKS PG 20,21 MOTORING PG 27
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  • 636 1  -  EDB attributes weaker sentiment to electronics prospects, seasonal slowdown By NANDE KHIN (SINGAPORE] Manufacturers are less upbeat about business prospects in the first half of this year, while sentiment in the services sector is mixed, according to surveys released yesterday. A net balance of
    FILE PHOTO  -  636 words
  • Page 1 Advertisements

  • TOP STORIES
    • 462 2  -  Spending of 150 firms already here set to yield $2.2b over next 5 years By DANIEL BUENAS [SINGAPORE] Singapore aims to be a global hub for trading companies, with more than 150 haviwng set up shop here so far. And total
      462 words
    • 471 2  -  By DANIEL BUENAS [SINGAPORE] Prime Minister Lee Hsien Loong said he and his visiting Australian counterpart John Howard had a "good discussion" on enhancing ties between their countries when they met yesterday at the Istana. Besides bilateral issues, including air services between Australia and Singapore,
      TAN SUAN ANN/ST  -  471 words
    • 955 2 Okay likely for huge underground oil storage THE plan to build an underground oil and/or natural gas storage complex at Jurong Island has been found to be technically feasible and the green light is expected in a month or two, BT has learnt. "We are at the tail-end
      955 words
    • 423 3  -  Rise driven by electronics, which had been languishing By ANNA TEO [SINGAPORE] Fears of a manufacturing contraction in the current first quarter seem to be receding, after the purchasing managers' index (PMI) kept up its surprise December 2004 surge with another rise
      FILE PHOTO  -  423 words
    • 428 3  -  By RONNIE LIM [SINGAPORE] The plan to build an underground oil and/or natural gas storage complex at Jurong Island has been found to be technically feasible and the green light is expected in a month or two, BT has learned. "We are at
      428 words
    • 234 3 [KUALA LUMPUR] Malaysian business tycoon Syed Ibrahim Syed Mohamed was found dead with a gunshot wound in the swimming pool of his Kuala Lumpur home, a newspaper reported yesterday. There was a blood trail all the way from the study of his upmarket Bukit
      234 words
  • Page 2 Advertisements
    • 286 2 V" ig on People? If the market buzz that this year's Budget ■4 will focus on the people of the nation materialises in the WmJ 18 February Budget speech delivered by Mr Lee Hsien Loong, Prime Minister and Minister for Finance, how will it affect the way you work, live
      286 words

  • Page 3 Advertisements
    • 323 3 S J H /g GB», y/;vfe.... Y\i^^lv Hl(\ y\ /ill I r^r.-^w >eft 4/ f \g' j. k 7 J *J--itr?*?*.' sSS^R^"• *-525?^* t' '**Ky3{%ff^^K^* -"j/ I ir^s^BSgSgiSHßl^^^B^' flßPi^^BMßMßB|HlSß|ttfi^BßifcSy3M^B3SagHMWjfl ~ffi.&' >. MB^^^BKBMBpB^^^IEiBH}3HPHiSBfIS||jTWfI3HB» One man. One engine. One driver. MX* 4? f < A Mercedes -AMG engine is nothing short of
      323 words

  • COMPANY NEWS
    • 839 4  -  HOCK LOCK SIEW By WONG WEI KONG IT'S notable that at Keppel Corp's results briefing last week, not one analyst asked about the divestment of its stake in Singapore Petroleum Corp (SPC) a contrast to previous sessions. By outcome if not by design,
      839 words
    • 509 4  -  Capital reduction aimed at returning excess cash, says company By AMIT ROY CHOUDHURY DATACRAFT Asia, one of South-east Asia's leading independent IT services and solutions companies, yesterday announced that it plans to return $23.4 million of excess cash to shareholders through a capitalreduction
      Source: Datacraft  -  509 words
    • 597 4  -  Upturn significant as it has been losing market share since Sept 2003 By ANGELA TAN DESPITE Singapore's mature mobile market, Singapore Telecommunications yesterday said it has managed to capture more than 23,000 new subscribers during the three months ended Dec 31,
      597 words
    • 468 5  -  Engineer quit his promising job at EDB at 25 to start his own business By KAREN HO LEE Ah Bee, 59, was originally from Kuala Lumpur. He began his pioneering streak in the manufacturing industry the old fashioned way from the bottom. A
      FILE PHOTO  -  468 words
    • 260 5  -  By WONG WEI KONG SESDAQ-LISTED Ezra Holdings has completed the sale of five million shares in KS Tech, the company said yesterday. The sale to Phillip Securities for $5.3 million or $1.06 a share cut Ezra's shareholding in listed KS Tech to
      260 words
    • COMPANY BRIEFS
      • 77 5 BBR Holdings (S) said Singapore Piling Civil Engineering Private Limited, its wholly owned subsidiary, has been awarded a piling works contract by Mireka Capital Land (Pvt) Ltd, a joint venture collaboration between the Shing Kwan Group of Singapore and Bank of Ceylon, the largest
        77 words
      • 86 5 LINDETEVES-Jacoberg warned that its operating loss for the fourth quarter of 2004 will not be smaller than its third-quarter's because of delays in its fund-raising efforts. The electric motor maker said it is working at improving its operating performance by generating working capital from
        86 words
      • 58 5 KEPPEL Land said its wholly-owned subsidiary, Alpha Investment Partners Limited, has on Jan 5 incorporated a subsidiary, Alpha Investment Partners Japan Ltd, in Japan. AIP Japan has an issued share capital of 200 shares at the issue price of 50,000 yen. AIP Japan will engage
        58 words
      • 51 5 KEPPEL Offshore Marine Ltd said its wholly-owned subsidiary Keppel Fels Ltd has won an order to build a US$l25 million jackup rig, WilCraft, from Awilco AS, the offshore arm of The Anders Wilhelmsen Group of Norway. Wilcraft is scheduled for delivery in end December
        51 words
      • 49 5 PAN-UNITED Corporation said it has appointed Tay Siew Choon as its independent director with effect from yesterday. Mr Tay was managing director and chief operating officer of Singapore Technologies Pte Ltd till March 31,2004. He is currently deputy chairman of Green Dot Capital Pte Ltd.
        49 words
  • Page 4 Advertisements
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      70 words
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  • Page 5 Advertisements
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      30 words
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      279 words

  • SINGAPORE MARKETS
    • 880 6  -  CURRENCIES Question is whether it can convincingly break key resistance areas LARRY WEE Senior Correspondent DESPITE an ominous warning late last week from Microsoft boss Bill Gates, the US dollar was looking distinctly more perky yesterday and the busy week ahead may even see
      880 words
    • Article, Illustration
      509 6  -  Compiled by JOYCE KOH Hong Kong Land Feb 1 dbse: U552.45 MACQUARiE RESEARCH, lan 31 HONG Kong Land's share price has risen 23 per cent over the past 12 months, driven by rental increases and faster-than-exp e cted take-up. Given the projected undersupply and expectation that Central rents
      Source: Bloomberg  -  509 words
    • 386 6  - An odd decoupling or is it? STOCKS R SIVANITHY Senior Correspondent IT used to be that traders looked to Wall Street first thing in the morning for guidance during the first hour of trading and thereafter to Hong Kong when it opened at 1 Oam, followed by the futures market
      386 words
    • TRADES TO WATCH
      • 156 6 WEE Poh yesterday clarified that newly appointed independent director Chandra Mohan s/o Rethnam is deemed to be in control of 3 million shares, or a 0.12 per cent stake held through a UOB nominee account. The company said it had "inadvertently left out" that information
        156 words
      • 92 6 US fund manager Capital Group Companies is deemed to have bought some 9.1 million units of Capita Commercial Trust (CCT) in a series of open-market transactions from Dec 1,2004, to Jan 27 this year, raising its shareholding to 6.11 per cent from 5.03 per
        92 words
      • 50 6 MOBILEONE chief executive Neil Montefiore exercised one million share options yesterday and raised his stake to 0.15 per cent from 0.05 per cent. The options were converted at $1.25 apiece. Shares of the local telco dipped one cent or 0.5 per cent to $1.81 yesterday.
        50 words
      • 74 6  -  Compiled by KENNETH LIM THE managing director of King Wan Corp bought 8 million shares in a married deal on Monday this week, priced at 9.5 cents apiece. Chua Eng Eng's direct stake now stands at 8.7 per cent from 6.24 per
        74 words
    • 289 6  -  CHART POINT By LIM SAY BOON OCBC Investment Research THE Singapore market appears set to trend higher. But near term, it is keeping punters in suspense over its ability to hold above 2,100. Last week, we spoke about the Straits Times Index trending
      289 words
    • Article, Illustration
      426 6 OTHER SINGAPORE INDICES Feb 1 VALUE CLOSE BT OB/OS -498.00 -359.00 BT CADI -*****.00 -71.00 BT 10-day MA -*****.00 -50.00 All-SG Equities 547.81 -0.75 SG Equities Elect 157.10 -0.40 SG Equities Fin 1612.85 -15.57 SG Equities Prop 532.76 -2.92 SIMSCI 251.08 -0.70 SiMSCI Futures 251.20 -1.10 MOST ACTIVE STOCKS VOLUME
      426 words

  • COMPANY NEWS
    • 387 7  -  FINANCIAL RESULTS Q3 loss of $18.4 m after $18m provisions over joint venture By MICHELLE QUAH HIT by a huge provision, GP Batteries swung to a net loss of $18.4 million in its third quarter from a net profit of $13.6 million a year
      387 words
    • 319 7  -  By KENNETH LIM EASTGATE Technology warned that it would incur a net loss for FY2004 because of high raw material prices, start-up losses from new businesses and asset impairment of its industrial building. Eastgate, which makes CDs and DVDs, said its core business
      319 words
    • 231 7 SP Corporation yesterday said its subsidiaries have clinched three deals worth more than $275.6 million with Indonesian coal mining company PT Bukit Baiduri Energi (BBE). SP, which last month said it was selling its entire interest in 3S Engineering (Shanghai) for U*****,000
      231 words
    • 401 7 But full-year profit at Philippine telco is up 9.7% Reuters (MANILA] Globe Telecom Inc, the second-largest Philippine phone firm, yesterday reported an 18 per cent drop in net profit in the fourth quarter of 2004 due to tough competition in the mobile market. Globe had
      Reuters  -  401 words
    • OTHER RESULTS
      • 56 7 Lion Teck Chiang's HJ earnings fall 28.9% LION Teck Chiang's net profit for its first-half year ended Dec 31,2004, fall 28.9 per cent to $1.3 million, from $1.83 million a year earlier. This came as its turnover dropped 25.2T per cent to $36.82 million, mainly because of lower progress billings
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      • 36 7 CORRECTING a clerical error it made in its recent full-year results announcement, Nucleus Electronics said the dividend should read "first and final" and the correct amount is 0.75 cent per share.
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  • Page 7 Advertisements


  • SINGAPORE NEWS
    • 638 9  -  Its solutions help customers make better use of data for their business By JOYCEKOH EVER wondered how banks crunch the huge amount of information for their targeted marketing efforts? Or how the government uses the constant stream of data obtained to formulate sensible policies?
      CHRIS LOH  -  638 words
    • 505 9  -  By JOSEPHINE TAY STEPHEN Chow has "hustled" his way into the local VCD market. His movie, Kung Fu Hustle, distributed here by Sony Pictures Entertainment, was available across the island while it was still showing in cinemas. Some might even
      FILE PHOTO  -  505 words
    • 310 9  -  By ANDREA TAN A BUSINESS trust and a trust company both have "trust" in them. So what's the difference between the two? The two should not be confused and are regulated differently. Singapore recently started accepting applications for business trusts following the enactment of the
      310 words
    • 458 10  -  Group in talks with potential partners in N America, EC By JEAN CHUA ASIA'S largest luxury hotel group ShangriLa says it plans to double the number of its properties around the world to 90 by 2010 as it seeks opportunities in new markets such
      458 words
    • 390 10  -  Tourism board extends incentive campaign to boost exhibitions sector By ALEXANDRA HO SINGAPORE received about two million much-sought-after business-related visitor arrivals last year the highest number in five years out of a total of 8.3 million arrivals. Last year's figure of business arrivals was
      FILE PHOTO  -  390 words
    • 557 10  -  By NANDE KHIN MAKING Singapore more business-friendly, especially towards local small and medium enterprises (SMEs), was a key concern among the participants at a chief executive officer pre-— budget dialogue session organised by the Feedback Unit yesterday. Most of the participants were
      557 words
    • SINGAPORE ROUNDUP
      • 64 10 THE National University of Singapore (NUS) School of Computing has signed a memorandum of understanding (MOU) with China's Sichuan University, and renewed three MOUs with top Chinese universities Tsinghua University, Fudan University and Harbin Institute of Technology. This is to promote cooperation in computer
        64 words
      • 89 10 NUS offers double Econ f Law degree THE National University of Singapore will offer a five-year double honours degree programme in Economics and Law, starting in July 2005. This is the first double degree of its kind in Singapore, and the first undergraduate cross-faculty double degree programme within NUS. Applicants
        89 words
      • 82 10 Education Minister Tharman Shanmugaratnam will be visiting Finland and Russia from today to Friday. He will be in Finland today and tomorrow to meet his counterpart and educational leaders and visit Finnish Schools. On Friday, he will participate in a roundtable in Moscow, convened by
        82 words
      • 56 10 CB Richard Ellis (Thailand) has appointed Aliwassa Pathnadabutr managing director. A graduate of Chulalongkorn and Kent State universities, Ms Pathnadabutr joined CB Richard Ellis' Bangkok office in 1988, and has since been responsible for developing and expanding many areas of the business. David Simister,
        56 words
  • Page 9 Advertisements
    • 1130 9 |C|l|H|Ltd CIH Limited (Incorporated in the Republic of Singapore) Co. Reg. No. *****6357H Announcement of Unaudited Results For the Fourth Quarter ended 31 December 2004 (Note: The Company has made an announcement on 20 October 2004 that the financial year end be changed from 31 December to 31 March, therefore
      1,130 words

  • Page 10 Advertisements
    • 441 10 > Dates: 21-23 February 2005 PMF > Location: Swissotel the Stamford Singapore Features: PMI Leadership Meeting, Keynote, Areas of Focus, V>< Awl too Networking Receptions, Exhibits, Seminars ASIA PACIFIC 2005 > Exclusive: Tsunami Reconstruction Panel Discussion > visit: www.pmi.org Project Management Institute 21 February 2005 21 -23 February 2005 J|
      441 words

  • ECONOMY WATCH
    • 636 11  -  Tokyo sees network of swaps as basis for Asian monetary cooperation By ANTHONY ROWLEY in Tokyo THE decision by Japan and Thailand last week to renew a US$3 billion currency swap arrangement which has never been drawn on in the three years it has
      636 words
    • 393 11 [JAKARTA] Indonesia is considering offering part of a US$l-1.5 billion bond in euros in a move that would break with its traditional allegiance to the US dollar and could help Jakarta capitalise on growing European investor interest in emerging-market debt, according to a Financial
      393 words
    • IN BRIEF
      • 123 11 AFP [BEIJING] China's central bank yesterday said it will push ahead with the establishment of a market-oriented interest rate regime in a series of gradual moves timed to ensure the viability of the commercial banks. The People's Bank of China said on its
        AFP  -  123 words
      • 114 11 AFP [SEOUL] South Korea will see a continuing slowdown in economic growth this year due to cooling exports and a slow recovery in domestic consumption, ratings agency Standard and Poor's said yesterday. S&P in a report said South Korea's economic growth
        AFP  -  114 words
      • 113 11 Bloomberg [BEIJING] Chinese manufacturing activity in January rose at the fastest pace in three months as companies expanded output to meet rising domestic and export demand, a survey of purchasing managers showed. The CLSA China Manufacturing PMI rose to 52.1 from 51.3
        Bloomberg  -  113 words
      • 133 11 Bloomberg [DUBAI] World gold consumption grew last year for the first time in four as economic growth in India, the US and China spurred demand, and investors sought to hedge against a declining US dollar, the World Gold Council said. Consumption grew 8
        Bloomberg  -  133 words
      • 121 11 Bloomberg [MOSCOW] Russia will repay early all of the US$3.3 billion the country owes to the International Monetary Fund, as booming oil and natural gas prices boost revenue in the seventh-straight year of economic growth since the country's 1998
        Bloomberg  -  121 words
    • 485 11 LATEST US INDICATORS Bloomberg Reuters [WASHINGTON] US construction spending rose 1.1 per cent in December more than expected to U551,032 trillion at an annual pace, as residential, office and highway building increased, a government report showed. The gain came after a revised 0.3 per cent
      Bloomberg; Reuters  -  485 words
  • Page 11 Advertisements
    • 1064 11 GP Batteries International Limited (Incorporated in the Republic of Singapore) Co. Reg. N0.*****2111N Announcement of Unaudited Results For The Third Quarter Ended 31 December 2004 The Board of Directors of GP Batteries International Limited is pleased to announce the unaudited results of the Group for the third quarter ("Q3") and
      1,064 words

  • MALAYSIA/INDONESIA
    • 176 12 AFP [JAKARTA] Foreign tourists arriving in Indonesia in 2004 rose 23 per cent, marking the strongest recovery in tourism since the 2002 Bali bombings, official data showed yesterday. Arrivals in 2004 totalled 4.54 million compared to 3.69 million in 2003, the Central Bureau of Statistics
      AFP  -  176 words
    • 746 12  -  BT exclusive Projects worth over US$2b set to transform the CBD By SHOEB KAGDA in Jakarta JAKARTA'S central business district is undergoing a major transformation with more than US$2 billion worth of projects now underway. Sensing that business sentiment is picking up strongly after more than
      PT PROTON INDAH  -  746 words
    • 331 12 It faces Hitachi in bid for US$1.2b monorail job [KUALA LUMPUR] United Engineers (M) Bhd (UEM) has emerged as lead member, with 65 per cent stake, in a Malaysian consortium that is said to be the front-runner for the US$l.2 billion monorail
      331 words
    • 596 12 Bloomberg [JAKARTA] PT Bank Internasional Indonesia, a lender partly owned by South Korea's largest bank, expects profit to rise by a quarter this year as credit demand expands, presi-dent-director Henry Ho said. "Consumer loans are growing, as are commercial loans, especially
      Bloomberg  -  596 words
    • NOTE BOOK
      • 66 12 Bloomberg [NEW DELHI] Procter Gamble Co's Indian unit said its second-quarter profit rose 7 per cent as price cuts boosted demand for its detergents. Procter Gamble Hygiene and Healthcare's net income increased to 419.5 million rupees (5515.8 million), or 12.9 rupees
        Bloomberg  -  66 words
      • 63 12 AP [SHANGHAI] China's biggest telecoms equipment maker Huawei Technologies Co and Britain's Marconi Corp have set a distribution agreement expected to help extend the Chinese company's reach in Europe. A preliminary agreement calls for Marconi to distribute some of Huawei's data products and
        AP  -  63 words
      • 68 12 Bloomberg [TAIPEI] China Motor Corp, Taiwan's biggest automaker and a partner in China with Mitsubishi Motors, reported profit of NT$5.4 billion (*****.8 million) for last year, citing unaudited figures. Profit was 76.6 per cent of the company's forecast of NT56.77 billion, China
        Bloomberg  -  68 words
      • 90 12 Reuters [SINGAPORE] A local government-backed Chinese firm hopes to land a US$l.5 billion deal soon to hunt for oil and gas in Bolivia, Chinese industry officials said yesterday. In September, Shengli International Petroleum Development Co Ltd signed a framework pact with state-run Yacimientos
        Reuters  -  90 words
      • 55 12 Bloomberg [BEIJING] Bank of China, which plans to sell shares overseas this year, said it will boost the frequency of its account audits after an investigation found the head of its Harbin branch to be involved in fraud that prompted a depositor
        Bloomberg  -  55 words
  • Page 12 Advertisements
    • 2601 12 < !!gg sc to fr** lB *> *89 ***** Email: nottceagsph.co».»g SIN SOON LEE DEVELOPMENT LTD (Company Registration No. 1M*****7G) Directors (Incorporated In the Republic of Singapore) Lim Tiong Joo Lim Teong Huat Registered Office 705 Sims Drive #06-01 Shun Li Industrial Complex Singapore *****4 2 February 2005 To: The
      2,601 words

  • GREATER CHINA/INDIA
    • 507 13  -  CHINA INSIGHT Territory's ant infestation is latest incident it has to manage carefully JEAN CHUA Reporter A COLLEAGUE once said that if ants were smart enough, they could take over the world... starting with Hong Kong. Over the weekend, media reports "Red Fire
      507 words
    • 176 13 Bloomberg [NEW DELHI] Patni Computer Systems, an Indian software maker that counts General Electric Co and Electrolux AB as customers, said profit in the fourth quarter rose 15 per cent. Net income rose to 724.5 million rupees (5527.2 million), or 5.63 rupees
      Bloomberg  -  176 words
    • 328 13 Reuters [BEIJING] China's official Chinese New Year holiday does not start until Feb 9, but the peak travel season has begun with millions heading home and away in the biggest annual human migration on the planet. Beijing's railways handled more than a quarter
      Reuters; AFP  -  328 words
    • 505 13 Search market in China looking at strong growth Reuters [HONG KONG] Top Chinese Internet search engine Baidu.com aims to raise roughly US$2OO million in an American initial public offering this year, sources familiar with the situation said, looking to emulate last year's
      Reuters  -  505 words
    • 261 13 Bloomberg [NEW DELHI] India's government plans to sell shares in Air India Ltd, the state-owned overseas carrier, and its domestic counterpart Indian Airlines Ltd to help the carriers raise money for expansion. The government aims to sell stakes of between 10
      Bloomberg  -  261 words
  • Page 13 Advertisements
    • 2540 13 \otices SOON LEE REALTY LTD (Company Registration No. *****7282R) (Incorporated In the Republic of Singapore) Directors:Lim Soon Huat Um Teong Huat Registered Office:705 Sims Drive #06-01 Shun U Industrial Complex Singapore *****4 2 February 2005 To: The holders of the Bonds (as defined below) of Soon Lee Realty Ud SOON
      2,540 words

  • ASIA-PACIFIC
    • 499 14 Bank memo could strengthen German probe into possible manipulation Reuters [LONDON] An internal Citigroup memorandum detailed how the US financial services company could "very profitably" manipulate the eurozone government bond market two weeks before it made several controversial trades, Britain's Financial Times said
      Reuters  -  499 words
    • 82 14 A young Thai lighting candles during a vigil for tsunami victims on Patong beach in Thailand's tropical island of Phuket on Monday. The Dec 26 tsunami killed more than 5.300 people in Thailand and devastated several dozen luxury hotels at popular resorts in Phuket. Krabi and
      REUTERS  -  82 words
    • 587 14 Analysts say though lower, offer may not necessarily be inferior to SMFG's Reuters [TOKYO] Japan's Mitsubishi Tokyo Financial Group (MTFG) is close to offering US$29 billion in shares for rival UFJ Holdings, setting the terms of its bid to create the world's
      Reuters  -  587 words
    • 317 14 NYT [NEW YORK] Google has begun giving out an award that could be worth millions of dollars to employees who work on outstanding projects> The first two Founders' Awards consisted of restricted stock that was worth USSI2 million when it was
      NYT  -  317 words
    • 132 14 Reuters [LONDON] The Financial Times, Pearson's flagship newspaper, is offering voluntary redundancy packages to its journalists in a bid to cut costs amid weak advertising. A spokeswoman for the paper confirmed on Monday that reporters, editors and page producers interested in taking part in the
      Reuters  -  132 words
    • 458 14 LAT WP [NEW YORK] Just days after Bill Gates acknowledged Microsoft Corp was "stupid" for not recognising the importance of Internet search engines sooner, the software giant yesterday said it plans to debut one of its own. Microsoft will move
      LAT; WP; AP  -  458 words
  • Page 14 Advertisements
    • 644 14 Notices IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF YEE MENG AUTO SUPPLY (PTE) LTD (CO. REG. NO. *****1355R) (In Members' Voluntary Liquidation) At an Extraordinary General Meeting of ihe abovenamed Company duly convened and held at Blk 10 Ang Mo Kio Ind. Park
      644 words

  • WORLD
    • 622 15 Time Warner teams up with Comcast; KKR joins Providence Equity Bloomberg [NEW YORK] Adelphia Communications Corp received bids for its cabletelevision assets from Time Warner Inc and Comcast Corp, as well as a group including Kohlberg Kravis Roberts Co, people familiar with
      Bloomberg  -  622 words
    • 355 15 Reuters [LOS ANGELES] Walt Disney Co posted an unexpected rise in quarterly earnings on Monday as strength at cable juggernaut ESPN and theme parks more than made up for slower DVD sales. Net income rose 5 per cent to US$723 million
      Reuters; DISNEY  -  355 words
    • 218 15 Reuters [LONDON] European bourse operator Euronext would consider moving all its operations to London if its expected bid for the London Stock Exchange (LSE) is successful, the Times newspaper reported yesterday. The report said Euronext is prepared to allow a combined exchange to be listed
      Reuters  -  218 words
    • 519 15 AT&T is identified with reliability and financial stability NYT [NEW YORK] Once it was synonymous not just with reliable telephone service but financial stabUity. Now the fate of the AT&T name brand rests with SBC Communications, which has agreed to pay
      NYT; AFP  -  519 words
    • 396 15 AP [ROME] With postponed deadlines and secret meetings, Fiat SpA and General Motors Corp have kept everyone guessing about the Italian group's option to force the American carmaker to buy its troubled auto division. The moment of truth appeared near as
      AP  -  396 words
    • 489 15 Bloomberg [DUBAI] The Islamic Development Bank plans to create a US$l billion lender in Europe to encourage Muslims to invest in Western markets that they've shunned since the Sept 11, 2001, terrorist attacks in the US. "We want high net worth
      Bloomberg  -  489 words

  • AVIATION
    • 559 16 But carriers dive into the red on rising costs; losses tipped at US$4.8b AFP [GENEVA] International air passenger traffic staged a "phenomenal" recovery in 2004 to grow by 15.3 per cent from 2003 figures, but airlines struggled to find profits, the International Air
      AFP  -  559 words
    • 808 16 Low-cost carrier has been a success story domestically AP [SAO PAULO, Brazil] In a country where domestic air travel meant free whisky in coach class only a few years ago, an airline born from a bus company is attracting travellers in droves to flights
      AP  -  808 words
    • 544 16 Reuters [TOKYO] All Nippon Airways Co Ltd (ANA) said yesterday its operating profit would likely be flat in the next business year, hampered by stagnant demand on domestic routes and a lack of growth in international flights. Japan's second-biggest airline
      Reuters  -  544 words
    • 1833 16 en *JHT IT* HWMT «TP SK973 1940 5K972 2210 MM. Af8087 1855 IH9770~~2245 SQ5024 2g5 5QW4 Igg 8A7381 1«|| S0229 2245 D.rwln Af80|7 1855 A***** 2235 S§230 1855 I D«4hi 5Q407 0440 £858 1145 EB SQ461 1420 SQ462 0220 AM80 0730 A1481 1355 ***** 0645 KL836
      1,833 words
    • 299 16 Bloomberg [DALLAS] American Airlines, the world's largest carrier, followed Northwest Airlines Corp and Continental Airlines Inc in offering a lowfare guarantee for tickets booked on its website. Customers who buy a ticket on AA.com and find a lower fare for the flight on another travel
      Bloomberg  -  299 words

  • SHIPPING
    • 607 17  -  BT exclusive Two of the petrochemical gas tankers to fly S'pore flag By DONALD URQUHART [SINGAPORE] Oslo-listed petrochemical gas and crude oil transportation company IM Skaugen ASA has transferred ownership of nine vessels to its newly established regional headquarters here, reaffirming the growing
      CHRIS LOH  -  607 words
    • 383 17 Bloomberg [HONG KONG] China Merchants Holdings (International) Co, a state-con-trolled port operator, aims to complete in March its stake purchase in Shanghai International Port (Group) Co, which may sell shares to the public. "The deal needs regulatory approval in China and we
      Bloomberg  -  383 words
    • 215 17 Bloomberg [WELLINGTON] Ports of Auckland Ltd, New Zealand's largest port, handled 12 per cent fewer containers in December than in the same month a year earlier. The company, which handles about half the containers shipped to and from New Zealand, said the
      Bloomberg  -  215 words
    • 149 17 AFP [VLADIVOSTOK, Russia] One sailor is dead and four others are missing after a Russian trawler was shipwrecked on Monday near the port of Nakhodka in the far east, according to the Vladivostok rescue centre. The trawler was carrying 19 fishermen. Fourteen of them were
      AFP  -  149 words
    • 786 17  -  STRAIT TALK By DAVID HUGHES THE UK-based Royal Institution of Naval Architects (Rina) decided last year to hold an international conference to consider the implications of abnormal waves for the design and operation of ships in January 2005. At the time it did not, of course, know
      786 words
    • 278 17 wntmm§\ m. Febl SS Val CHOthhoo .0.38 -8D1 1520 ChMnHgp .0.69 0X12 23*2 GomGonoraiion 1 30 -0.01 5578 (WTDMrfcuban .0.73 -0.02 110 EznHtds 1.11 i«ti 0 Freight Ur*s -.0.09 -001 405 Grand Banks Yacht 1.02 0.01 14 JayaHaMngi- 1.06 unch 1517 K1 Venture .0.26 0.01 602 KeppelCorp .9.30
      278 words
  • Page 17 Advertisements
    • 56 17 r t nri'iTii in ft im iim rYni 'V i ri' imi t'f n w mi' iTi w vimi wwmmini m >i iiiTOiiiiiw Willi r GET A LEADING EDGE Your sailing schedules get wider attention in The Business Times shipping pages Call Joe Wong at 6319-2062 pr Bernard Ong at
      56 words

  • EDITORIAL & OPINION
    • 490 18 EDITORIAL THERE is nothing new about corruption in China. Indeed, if news reports are taken into account, graft is like the fire-ant plague now afflicting the country it is everywhere. Consider, for instance, German conglomerate Siemens' decision to stop sponsoring the Super League
      490 words
    • 752 18  -  THE BOTTOM LINE FRANK CHING THE political atmosphere in the Taiwan Strait has improved considerably in recent days, following the inauguration of non-stop charter flights between the two sides during the Chinese New Year holidays. Added to this is the appointment of the
      752 words
    • 950 18  -  New govt could become region's engine for change in a way that may not accord with US goals LEON HADAR Washington Correspondent IN the spy business, "blowback" is a term used to describe unintended negative consequences of actions taken by intelligence agencies to advance national
      AFP  -  950 words
    • 107 18 'It is time to put the divisions of the past behind us and work together to show the world the power and potential of this great country. The whole world is watching us.' Ayad Allawi, Iraq's interim prime minister, now offering himself as a leader who could
      107 words
    • 834 19  -  So much expertise at annual gathering of geophysicists, yet tsunami tragedy couldn't be averted By JOEL ACHENBACH LAT-WP THE annual meeting of the American Geophysical Union in San Francisco drew an estimated 11,000 scientists, teachers, journalists and geophysics groupies. The schedule of talks could be found in
      LAT-WP; AFP  -  834 words
    • 822 19  -  Its 28 provinces can now decide labour laws for their special zones ANDY MUKHERJEE Bloomberg WHEN the Confederation of Indian Industry, the country's biggest association of companies, drew up a wish list last year seeking changes in India's labour laws, one of
      Bloomberg; AFP  -  822 words
    • 292 19  -  LETTER TO THE EDITOR Waleed Hanafi Singapore I REFER to the article, "Not yet time to retire" (BT, Jan 31). Treating those of a particular age as if they belong to a single homogenous group is at best confusing. A complex modern society is composed
      292 words

  • Page 19 Miscellaneous
    • 187 19 CRYPTIC CROSSWORD DOWN 1 Stroke son weighed under by YESTERDAY'S SOLUTION worries (6) 9 Expertrepairer Across: 1 Intersect, 9 Forego, 10 2 Arriving initially at university, 1C ert^ rts o 001 i' 4) Straining, 11 Impact, 12 Selection, look for domestic assistant re j e P 13 Gloria, 17 Pet
      187 words

  • 10372 20 STRAITS TIMES INDEX STOCKS Sfx* —w Wt Oof Onwqt Stock mux Wt Qox Change Allgreen 50c 0.29 1.070 -0.010 NOL 2.31 3.340 4060 BIL Intl US20c 0.50 1.120 OCBC 9.73 13.500 -0.200 CaprtaLand 1 48 2.280 -0.010 Parkway H 25c 0.73 1.620 +0 050 Chart SemiCond 26c 0.78
    10,372 words

  • 5900 21 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In loul our In SS In USS dy ft Sdy yt dy Hyr Jan 31 Indea Puny Change Ch»ng« Chang* Chjnq« Chang* World Inde* Prelim.na»y 843 8 06 _B2 0 7 6.1 07 10.1 »EAFE Preliminary 778.4 06 IIJ 0.7 113 0,7 154
    5,900 words

  • Page 22 Advertisements
    • 1554 22 I TO USA/CANADA H| I EXPORT I I OTHER DESTINATIONS"I vcsa VOY PKG InA SIN LONG BtACHI DALLAS HOUSTON MEMPHIS IONCAGO I NEW YOtK I TO AUSTRALIA (AUSTRALIA ASIA EXPRESS) I 00QNING8C 07E05 01/02 03/52 I 11/02 24/02 25/02 23/02 23/02 26/02 vov mUN Mr »t tMt —i Mn OOCL
      1,554 words
    • 848 22 1 ""'."a WfTWAHA iiMi vissa/vor mmpooi hbcwtw fig km lo I aw I jkt 1 STUITS VEMTURE 03/05 I IS 3.2 03/0? 05/02 10/02 13/02 15/02 S7IAITS VEMTUK 04/05 IS 3J 17/02 U/02 24/02 27/02 01/03 STUITS VENTURE 05/05 IS 12 W/03 12/03 WIST ASIA/MNOAt KOKO IVt vtssa/vor KAwrnm hdohtw
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  • Page 23 Advertisements
    • 929 23 MOl Combines a range of shipping modes to ensure timely, rotable services covering major ports in North America, Europe, Japan, Asia, Africa Oceania. Ais® hrtr®"Asifl C®rjoss ts. BUSAN KWANGYANG /SHANGHAI/YANTMN/XIM» IQMGOAO /HUMAN/JAXAfTA/ SUIAIAYA/ KAOHSIW6 IANOKtt LA£M CHAIAN6 HOCWMMH PAStt GUPAN6 PBUNG POKT KHANS For Schedules, BL Searches, and Container Tracking,
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    • 1285 23 rasa TOY Sin JKT HKG OWN* fffH fUS VESSEL VOY SIN JKT Sill HKG USN PUS HYitIOGE OWS 7/7 3/2 5/2 10/? 12/2 14/? 14/7 KMTCSHANGHAI SOTS t/2 10/2 IS/? 19/2 70/7 HY VIADIVOSTOK IS4S 10/? 12/2 17/? H/? 7\/7 23/? 23/2 KMTC POUT KELANG SO2S IV? 14/2 17/? 22/2
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    • 837 23 W WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICQ POINTS vtssa voy sm rjcun6 cotowio ushtv* coummo IQWrmnHA rywPS7 3»iiUi o?fg osfb iwfb lira WOtHAUWOHI mm 07 FB 09FEI 12 FB 15 FB IBFEI mmm oow* mfo ufb ufb nra 2sfb lAT HIDGt 006W 21 fH
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  • Page 24 Advertisements
    • 720 24 VUW WALLENIUS WILHELMSEN website: http://www.2wfllobol.com VKSa YOY Ujjf HBCHT SIN IK MAO HOW MIA SAY ~»Al Off HTC NEW MO* TEXAS Afso3 4201 MS 6.4 M 00/02 OMITS 10/03 17/03 11/03 22/03 20/03 24/03 14/03 TAMERLANE ATSO4 3201 MS 6.4 M 16/02 10/03 20/03 27/03 21/03 02/04 31/03 04/04 24/03
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    • 1022 24 -TOSH. VOY SM P€t) JSSSa JHH SM A: MCIMM linn w/»i yjsy, gM aai «Mg— IWHI »/>! ai/ti -ffg ~S% j{%PACIAWDA 13HN >1/03 Ql/M 00/02 10/02 PACIAWOA lW* 02/07 03/0? ||^H^|^^3K23I33SHHHI PAC lAWDA 1398W 04/02 04/02 ypsfl vqy 5m PAC BANOA 1399N 05/02 0402 ggggl !fi» W/01 31/01 rKUX> Kg;!
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    • 581 24 i BSA MYANMA PQ FIVE STAR LINE (MyOMMT Notioftdl Um) Loodiag for Yoago* vissa voy sm pu pen pgu PAGAN 341W 04/02 HPA-AN J3CW SU IN MALAYSIA: ROUSTEAD SHIPPING AGINCIIS KUL/PKL 03-300SR3M PEN: 04-*****1 ACCEPTUB COiVEiTIOBAL CSO MG SM HRG SIN PGU PU KUC crystal heart i; sio su> su>
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  • Page 25 Advertisements
    • 995 25 I\W7A f) Sport Agtnh. lAL ShMa| Anacy (S) Pit ltd (CI NO; I**********Z) crnierasia JLlnes w° u23-mm/77 1 Fn i u&M < n k SUPER EXPRESS SERVICE TO HONQ KOMQ A JAPAN rasa vot osi ioi sm tto tok wo wOscm vraa Ivor ImpeHfi^ MOL ETtMITY SOI7 27/01 27/01 28/01
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    • 326 25 E P T n CARRIERS vrtft v6t m m rot TMBOHTTM 1718 17/01 THU 21/01 SAT (H/OiWD •jgggg-gjg 37» 01/wm 18/MTHU M/M^l TAHOOIISTAR »741 l 04/03 FRI 04/03 SUM j" 10/0] THU TANOON SIM 37*5 11/03 MM I M/UMO (J/MMOH >yyw M/t4 UT 1 itfaww li/wro m wmui lIMttlS SHVKI
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    • 816 25 I IMCQ HA* TIL 6221-1333 FAX; *221-5272 1 IUL LI 111 CO ORTOMB SafVKt TIL 4221-5596 FAX: ******90 1 SINGAPOSL TOKO JOO SMPfMCPTI ITS WMc www+Mmumi I _MMIiLCPIIIiII» WWiCB TO iHITHi -WB. iwnftr Ml wmiMi I [ivtssa rvor |ras»|«o< [wo vtssa vot raaw" w mm urn vtssa vot itasm raw
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    • 305 25 Linor bfokbulk wvict S.E. Awa/USA vk« vwn SPECIALISE IN HEAVY UFTS A PROJECT CAROO munu UM ■V MDUSTMAI OUKB E«+r Mvd t+m. Ira, ItCMV IKAJI W»V» WWR/ MHIH HOUSIWI ■V MDUSTtUI HA6K 71/02 Mw* tap* Mi taqta, Ohan pom m USA, Mmxico, Cnmbwi I SouA Ammica on wAiwW. S'NOAPORI fftALAYfA
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    • 440 25 *****2^/or^oril/o^l6^7!^^ ■PPJfll TIGER SKY 256N 04-07/07 11-13/02 19-20/02 HjtiftMNlfl TIGER SEA 257N 10-11/02 17-19/02 24-24/02 ■222T8 TIGER WAVE 258* 17-13/02 11-70/07 26-27/07 1 TIGER PEAIL 259N 14 17/02 23-75/07 02-03/03 ***** W 'MM* 25-27/02 0544/03 ■PMffiMTIGER CLIFT 013* 10-11/02 14-18/02 24-24/02 1 ■UjUUB TIGER SPIRIT 099 14-15/02 21-22/02 02-03 031
      440 words

  • THE BUSINESS TIMES SHIPPING TIMES
    • 8864 26 This ETA ETA AdvwtiMT VhnI Voyage Telephone ETA ETA Advert lew Veeeel Voyage Telephone SIN Daffn Nmm Nam# Murntoar NuMfeaf SIM Daat*ii Name Name Number Mun6#f mmmmmmmommmmmmmmmmmmmmtmmmmmmmmmmmammmmmm To ABIDJAN (ABJ) 2003 Cot# D'lvolre JSoi H/03 A lwiS^ GYE l5«lwESiA 0061 I'iow" 09/02 19(03 Delmas
      8,864 words

  • MOTORING
    • 508 27  -  BT exclusive Even before model's launch next month, 100 orders rush in, reports SAMUEL EE SAMUEL EE Excitement over the long-awaited replacement for the Lexus GS3OO has resulted in Borneo Motors Singapore receiving close to 100 orders even before the new model is officially launched on
      508 words
    • 561 27  -  By SAMUEL EE THE fortunes of Italian supercar Maserati doubled in Singapore last year, thanks to a new saloon the Quattroporte. From a mere 10 units in 2003, importer Hong Seh Motors registered 20 units in 2004. And more interestingly, the number ordered
      561 words
  • Page 27 Advertisements
    • 35 27 a I 125 Years I Over 400 locations Worldwide Ask us about Corporate, Individual or Group Instruction. *j Call Berlitz today 6733-7472 or visit www.berlltz.com jj 501 Orchard Road *05-0304 Wheelock Place Singapore *****0 J
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    • 221 27 of Giving continues at ftotel FKoemxI Dear All. oft he Rooster our OSjm) I Giden n Caft a local fevounj* I forive buffets from 1"» laksa and wet-pop" l 3 <?Illdr I UkeHainanesechidK avaaaW£ during cgg» I crispy rotip«» w^ bu ffet dinner I period. For every $2 to the
      221 words

  • EXECUTIVE MONEY
    • 399 28 There have been many interesting developments involving the Malaysian financial market of late. The incessant buzz of a possible re-pegging of the Malaysian ringgrt, coming hot on the heels of CIMB's planned acquisition of GK Goh, has injected some excitement into this oncefavourite stomping ground of intrepid
      Source: S&P  -  399 words
    • 982 28  -  YOU AND THE TAXMAN Budget 2005 will be unveiled on Feb 18. RUSSELL AUBREY and KANG CHOON PIN draw up Ernst Young's Budget wish-list to keep the business sector thriving RUSSELL AUBREY, KANG CHOON PIN By ERNST YOUNG AND the winner is corporate
      By ERNST & YOUNG  -  982 words
    • 4015 28 UNIT TRUSTS FUNDS Shentor Thrift!** Shenton Income 1.52/ AM Amro tax Mgt (S'pore) Star Europe Eqty'** 0 783/ Shenton Asia Pacific. ——0.887/ St»E„cpeS!d 1262/ ?22 Star Europe Bal 1.114/ J«°* Star Asian Tiger Eqty 094» 1 Star Asia Bond 1274/ Star Asia Balanced 095/ wmttnGlobal Advantage 2.073/ Star Global Technology
      4,015 words
    • 1166 29  -  Money supply, base rate and yield spreads deliver invaluable information which stock market investors tend to ignore at their peril, says MICHAEL PREISS MICHAEL PREISS MANY investors use a variety of technical and fundamental tools to analyse and forecast stock markets. However, one tool
      Photo: Reuters; Source: Bloomberg  -  1,166 words
    • 559 30  -  By GENEVIEVE CUA TECHNOLOGY stocks may have taken a beating last year, but DBS Asset Management's portfolio manager Roy Phua continues to keep faith. Technology, he says, offers value for a few reasons: Customers' inventory levels have started to come off; leading
      559 words
    • 983 30  -  One in every two private banking clients in the region fall below minimum net worth requirement, reports GENEVIEVE CUA GENEVIEVE CUA SO, you are worth less than US$l million in net assets? Not a problem. Your friendly private banker will still roll out the proverbial red
      Source: Boston Consulting Group  -  983 words
    • 560 30 Reuters [SINGAPORE] British fund firm Schroders Pic said yesterday it had shaken up its two award-winning Asian equity funds after poor sector and stock bets sapped their performances last year. The Singapore-based $265 million Schroder Asian Growth Fund and the $241 million Schroder
      Reuters  -  560 words
  • Page 28 Advertisements

  • Page 29 Advertisements
    • 82 29 Where to wine, dine and entertain 99i by: A °*Exclusive Privileges Treats Recruit from a wider audience 14.JL-A-AJ #3 A a -A J Jkj mo i fill UMm 'tr r t t M HIIH R Call 1800 289 8822 or email recruit @sph. com.sg for your recruitment solutions fiSsSSrM* Ryan's
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    • 48 29 Captains Table offers deliciously tempting choices of Yu Sheng to usher in the new year. Have it with Norwegian Salmon or Australian Sliced Abalone. Extra portions of lobster, sashimi and abalone available. Prices from $38++ Daily for lunch and dinner until 28 February Call 6869 2288 for reservations
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    • 145 29 HOTEL PHOENIX 277 Orchard Road, Singapore *****8 Tel: (65) 6737 8666 Fax: (65) 6732 2024 Website: www.hotelphoenixsingapore.com C0.Reg.N0.*****0020C New Park Hotel SINGAPOKf PROSPERITY LUNAR NEW YEAR COMPANY FUNCTIONS PACKAGE 4 to 23 February 2005 from $448 per table of 10. Minimum booking of 5 tables required. Treat your staff, business
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    • 5 29 C¥\JrtTir^, <Z&OCXXZX^ I (6>_S V
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    • 43 29 MERITUS MANDARIN SINGAPORE T IpP _7'^~" LOCAL HIGH TEA FAVOURITES Weekdays: $24.80+++ Weekends: $26.80+++ Reservations: Mezzanine 6831 c MERITUS MANDARIN A division of Overseas Union Enterprise Limited (Company Registration N0.*****0050E) 333 Orchard Road, Singapore *****7. Tel: +65 6737 4411. fee: +65 6732 2361.
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  • Page 30 Advertisements
    • 197 30 OngFx online Competitive FX Spreads in Town I .M/iJI MMK H ||h f •«•*>,*« I isry=.r-,°~ j i M Features of OngFX Online Fast, easy and secured trading platform. Live streaming quotes Competitive spreads,, Positions marked to prevailing market rates Real price technical charts <§>ONG FIRST PTE LTD Telephone. +65-*****040
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    • 13 30 YOU AND THE TAXMAN Hoping for a Budget friendly to business pg 28
      13 words