The Business Times, 8 February 2005

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Total Pages: 26
1 26 The Business Times
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  • Title Section
    Lock icon Masthead
    17 1 The Business Times SINGAPORE 85 cents online at http://business-times.asia 1 .com.sg MICA (P) 023/03/2004 Tuesday, February 8,2005
    17 words
  • Article, Illustration
    Lock icon ABN Amro, Citibank set to heat up battle of the ATMs
    673 1  -  BT exclusive Their entry into foreign banks' ATM network will intensify competition for local banks By SIOW LI SEN Compiled by BT [SINGAPORE] ABN Amro Bank and Citibank are negotiating to join the other foreign consumer banks' shared ATM
    Compiled by BT; ARTHUR LEE  -  673 words
  • Article, Illustration
    Lock icon Thai stocks surge on optimism over Thaksin win
    638 1 Bloomberg AP Reuters [BANGKOK] Thailand's financial markets yesterday greeted the historic election of market-friendly Prime Minister Thaksin Shinawatra with a sharp performance. Thai stocks rose to their highest in a year and the baht; already trading at its highest in almost five
    Bloomberg; AP; Reuters; Source: Bloomberg; REUTERS  -  638 words
  • Article
    Lock icon SM Goh expects good but slower growth this year
    388 1  -  He is also optimistic about the job situation By JEAN CHUA [SINGAPORE] Singaporeans may have to brace themselves against more moderate growth in the economy this year, but should remain optimistic about their jobs, Senior Minister Goh Chok Tong said. "I
    388 words
  • Article
    Lock icon MARKETS DIGEST
    128 1 sn 3,***** (+452) ST INDEX FUTURES 2,127.00 (+21.00) smisa 25L49 (+0.62) SIMSa FUTURES 253.20 (+1.10) MARKETS Monday Changs KLStCOMP 912.56 +5.06 NIKKEI 225 11.499J6 +139.46 HANG SENG 13.795 4209.83 SET INDEX 77S7K iAKAKTA COMP 1.041.628 -6.76 MANIA COMP 2.016J4 +21-27 SEOUICOMP 949.19 +15*4 SHfMTHPMK BOMBAY INO 6.535.17 -83.06
    128 words
  • Article
    Lock icon CONTENTS
    45 1 TOP STORIES ...PG 2-3 COMPANIES ...PG 4-7 SMALL CAPS PG8 SINGAPORE....... PG 9 ECONOMY PG 11 M'SIA/INDON.. PG 12 CHINA/INDIA... PG 13 ASIA-PACIFIC ..PG 14 WORLD PG 15 AVIATION PG 16 SHIPPING PG17 EDITORIAL PG 18 LETTERS PG 19 STOCKS PG 20-21 PROPERTY PG25
    45 words
  • Page 1 Advertisements
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  • TOP STORIES
    • Article, Illustration
      Lock icon Opening Pacific route won't hit Qantas badly
      942 2  -  It has 75% share of traffic with tickets priced at premium: JP Morgan study By VEN SREENIVASAN [SINGAPORE] Australian airline Qantas is making big bucks on the trans-Pacific route thanks to high-flying ticket prices based on its duopoly market position. But Qantas would
      942 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      697 2 Chuan Hup poised to sell shipping assets for RMl.2b MALAYSIAN jeweller Habib Corporation is planning to buy the shipping assets of Singapore-based Chuan Hup Holdings in a RM1.26 billion (*****.5 million) deal, executives familiar with the matter said. Habib has already lined up over RM2BS million in financing
      697 words
    • Article, Illustration
      Lock icon ABN Amro moves consumer target one notch up
      552 2  -  Gameplan includes 10,000 sq ft wealth management centre, credit cards By SIOW LI SEN [SINGAPORE] ABN Amro Bank is changing tack in its pursuit of the Singapore consumer banking business. So much so that it sent Nippi Kochhar all the way from
      ARTHUR LEE  -  552 words
    • Article, Illustration
      Lock icon Restaurants flooded with reunion dinner bookings
      538 3  -  Operators say bookings were also bigger and started coming in earlier By DALENA LEE, JOSEPHINE TAY [SINGAPORE] Restaurant owners have more to crow about, with reservations for reunion dinners for the Year of the Rooster snapped up faster than in previous years. Almost everyone
      ARTHUR LEE  -  538 words
    • Article
      Lock icon Two petrochem firms to invest US$65m to boost S'pore output
      513 3  -  Investments on Jurong Island fuelled by strong demand from China By RONNIE UM [SlNGAPOßE] More petrochemical investments exceeding US$65 million were announced yesterday to enable the Singapore industry to ramp up output quickly to meet strong demand, especially from China.
      513 words
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  • Page 3 Advertisements
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      Lock icon Page 3 Advertisements Column 1
      1686 3 CSA HOLDINGS LTD Unaudited Third Quarter Financial Statement Announcement 1(a)(i) Immm ititiimntt S*ooo Group 3 months ended 9 months ended Notes 31.12.2004 31.12.2003 31.12.2004 31.12.2003 Revenue 128,429 121,373 37*214 350,903 Cost of sates (I) (66,707) (62,942) (197.541) (185.537) Cost of services rendered (I) (48.835) (46.006) (143.560) (132,071) Other operating income
      1,686 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Chuan Hup poised to sell shipping assets for RM1.2b
      651 4  -  Deal will transform M'sian jeweller Habib Corp into associate of oil/gas group Scomi B y S JAYASANKARAN in Kuala Lumpur MALAYSIAN jeweller Habib Corporation is planning to buy the shipping assets of Singapore marine firm Chuan Hup Holdings in a RM1.26
      FILE PHOTO  -  651 words
    • Article, Illustration
      Lock icon SIA won't have paper tickets after mid-2007
      340 4  -  By ALEXANDRA HO SINGAPORE Airlines has brought forward its timetable to eliminate paper tickets entirely by the middle of 2007. If it's on schedule, SIA would have an electronic ticketing system six months ahead of the deadline set by the International Air Transport
      FILE PHOTO  -  340 words
    • Article
      Lock icon The long and short of Beauty China research
      686 4  -  HOCK LOCK SIEW By R SIVANITHY A LITTLE over three weeks ago, shares of cosmetics company Beauty China rocketed up by more than 30 per cent in one day after US broker Merrill Lynch called a "buy" on the counter with a
      686 words
    • Article
      Lock icon A-Reit to buy building for $14m
      442 4 Leaseback deal on AEM-Evertech building expected to give 8.1% yield Reuters ASCENDAS Real Estate Investment Trust (A-REIT) yesterday signed a put-and-call option agreement with Ever Technologies Pte Ltd (Ever Technologies), a wholly-owned subsidiary of AEM-Evertech Holdings, to acquire AEM-Evertech Building in Serangoon North, for
      Reuters  -  442 words
    • Article
      Lock icon Hong Leong unit takes Thakral stake
      339 4 KWEK Leng Beng's New York-listed China Yuchai international Limited has agreed to take a 15 per cent stake in Singapore-listed electronics group Thakral Corporation. The agreement came yesterday as Thakral reported a net profit of $13.8 million on group turnover of $400.4 million for
      339 words
    • Article, Illustration
      Lock icon Capita Land sees BFC as worthy of consideration
      845 5  -  Group posts record profit of $313 m, forms leisure, conventions unit By KALPANA RASHIWALA PROPERTY giant CapitaLand, which yesterday posted a tripling in full-year net profit to a record $313 million, finds the Business and Financial Centre (BFC) project attractive enough for
      845 words
    • Article
      Lock icon GEH gives sweeteners after record profits
      773 5  -  Higher dividends, special bonus for policy holders as earnings rose 29% By WONG WEI KONG LISTED insurance group Great Eastern Holdings (GEH) yesterday announced a special bonus for policy holders and higher dividends for shareholders after chalking up another year of record profits. GEH's
      773 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      3882 5 UNIT TRUSTS FUNDS SNmwDpwkiwd/* 1.407/ Shenton Greater Own 1222/ Wj MendakiQobal/** 0.723/ "»V" 1 njQ1/ Shentor Global Advantage 2.064/ Sf£2S£2- USO""* 1-095/ 1.™ Shentor Greater Euope 1.026/ Ife IdSrS! 'jJSj Asia Knowledge 1.16/ ii«2 Enhanced Income SGD/$ 1.*****/ 2 J" Enhanced hcomeUSD 1*621# V* 0*5# MalaysuEqtySGOl" 1.032/ SS?f!JSrElSSS3" nS Malaysia
      3,882 words
    • Article, Illustration
      Lock icon Radiance's shine rubs off on Goldtron
      486 7  -  By KENNETH LIM RADIANCE Electronics said yesterday it will pay 0.75 cent per share in dividends and give one bonus share for every 10 shares held as interim net profit more than tripled to $5.1 million. And few will be happier than Radiance's listed
      486 words
    • Article, Illustration
      Lock icon SembCorp Marine records 21% rise in profit to $95m
      421 7  -  It expects a good year ahead with a robust order book and high oil prices By LIZA LIN MARINE engineering company SembCorp Marine has bettered analysts' expectations to chalk up record profits of $95 million for 2004, an increase of 21
      FILE PHOTO  -  421 words
    • Article
      Lock icon Cerebos earnings fall 11% to $23.2m in first quarter
      312 7  -  By JOYCE KOH THE chicken struggled to find its wings for Cerebos Pacific in the first quarter as earnings for the company fell 11 per cent because of higher taxes and more investment in China. Cerebos which makes the well-known Brand's
      312 words
    • Article
      Lock icon Portek sees $3m increase in profit
      312 7  -  By CAROLYN QUEK MAINBOARD-LISTED Portek International yesterday announced a $3 million increase in operating profit for the first half of FY2005 and is looking to expand its port terminal operations to North Africa, Central and South America and the Middle East. The move is
      312 words
    • Article
      Lock icon F J Benjamin's Q2 earnings up 20%
      333 7  -  By DANIEL BUENAS MAINBOARD-LISTED retailer F J Benjamin yesterday posted a 20 per cent increase in net profit to $1.3 million for its second quarter ended Dec 31,2004, from $1.1 million a year ago. Turnover rose 9 per cent to $38.2 million from
      333 words
    • Article, Illustration
      Lock icon Eu Yan Sang reports healthy half-year profit
      366 7  -  By JOYCE KOH ITS still a picture of glowing health at Eu Yan Sang. The mainboard-listed healthcare provider yesterday posted a 10 per cent rise in half-year earnings boosted by higher demand at its new outlets. For the half year, Eu Yan Sang
      366 words
    • OTHER RESULTS
      • Article
        Lock icon Vita interim up 40%at53.4m
        45 7 VITA Holdings said net profit rose 39.6 per cent to $3.4 million for the six months ended Dec 31. Earnings per share increased to 1.52 cents from 1.09 cents previously, while net tangible assets rose to 8.7 cents from 7.5 cents.
        45 words
      • Article
        Lock icon Sincere posts flat 9-month earnings
        37 7 SINCERE Watch reported a one per cent rise in net earnings to $9.6 million for the first nine months of FY2005. It posted record revenue of $241.1 million, up 28 per cent
        37 words
      • Article
        Lock icon Lum Chang trebles quarterly gain
        81 7 CONSTRUCTION group Lum Chang Holdings' profit surged 182 per cent to $1.06 million for the three months ended Dec 31. The group expects positive results for the current financial year. Its property and hotel subsidiary LC Development saw net profit for the same period swell
        81 words
      • Article
        Lock icon Multivision Q3 profit edges up to HKsB.6m
        52 7 MULTIVISION Intelligence Surveillance has reported net profit of HK$B.6 million for the third quarter ended Dec 31, up 2.3 per cent. Turnover rose 9.6 per cent to HK537.7 million. This is due to expansion of distribution sales and the successful implementation of some
        52 words
      • Article
        Lock icon Magnecomp earnings slip 8.7%
        37 7 NET profit for Magnecomp International fell 8.7 per cent to $20 million for FY2004 on revenues of $379.2 million. Director expects better performance for the second half of this year over the first
        37 words
      • Article
        Lock icon TTL interim profit doubles to $2m
        63 7 TTL HOLDINGS, which is into plastic injection moulding, has doubled its net profit to $2.06 million for the six months ended Dec 31. This was achieved on the back of a 33 per cent jump in turnover to $26.3 million. The company attributed the
        63 words
      • Article
        Lock icon Health Management slides into the red
        29 7 HEALTH Management Internationa] has reported an interim loss of $112,000 for the half-year ended Dec 31,2004. Turnover rose 21.2 per centto $19.7 million.
        29 words
      • Article
        Lock icon Metro Q3 profit rises 3% to $7.6m
        45 7 RETAILER Metro Holdings said net profit inched up 3.1 per cent to $7.6 million for the third quarter ended Dec 31,2004 from $7.4 million in the corresponding period in 2003. Revenue fell 7.4 per cent to $59.4 million.
        45 words
      • Article
        Lock icon Meghmani posts 44.5% drop in profit
        62 7 MEGHMANI Organics, a global manufacturer of pigments and agrochemicals based in India, reported a fall of 44.5 per cent in net profit to 52 million rupees (S$2 million) for the three months ended Dec 31,2004. Revenue improved 3.2 per cent to 736.6 million rupees
        62 words
      • Article
        Lock icon Mentor Media profit up 83% at $5.4m
        55 7 MENTOR Media, which provides integrated supply chain services to technology and telecommunication giants and electronics contract manufacturers, has reported an 83 per cent jump in net profit to $5.4 million for the three months ended Dec 31. Third quarter revenue went up 28
        55 words
      • Article
        Lock icon Sunray Q3 profit up 11.5% at 18.3 m yuan
        48 7 MEDICAL equipment company Sunray Holdings yesterday reported an 11.5 per cent jump in net profit to 18.3 million yuan (553.6 million) for the three months ended Dec 31. Third quarter turnover increased 12 per cent to 44.9 million yuan.
        48 words
  • Page 4 Advertisements
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      Lock icon Page 4 Advertisements Column 1
      333 4 cdttife immtsa IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 NAKA PRECISION SINGAPORE PTE LTD (Company Registration No. *****0514K) MEMBERS' VOLUNTARY LIQUIDATION At an Extraordinary General Meeting of the Company deemed to be held on 31 January 2005, the following resolutions were duly passed: 1. SPECIAL RESOLUTION WINDING-UP That
      333 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Market pulled in opposite directions
      535 6  -  STOCKS Stocks end mixed as buyers focus on blue chips amid selling in broad market ahead of holidays R SIVANITHY Senior Correspondent ON the one hand was the spurt on Wall Street last Friday that spilled over into regional markets yesterday and brought some buyers
      Source: Bloomberg  -  535 words
    • Article, Illustration
      Lock icon BROKERS' TAKE
      941 6  -  Compiled by JOYCE KOH Guocoland Feb 7 dose: $1.27 (+2 cents) KIM ENG SECURITIES, Feb 7 2Q NET profit was down 43 per cent quarter-oil-quarter due to the absence of mark-to-market gains on financial assets. Excluding the $20 million unrealised profit from its financial assets, bottom line would
      Source: Bloomberg  -  941 words
    • Article, Illustration
      Lock icon Euro, Swiss franc take a hammering
      524 6  -  CURRENCIES LARRY WEE Senior Correspondent COMMENTS last Friday by US Federal Reserve chairman Alan Greenspan propelled the US dollar to its highest levels in at least three months against the euro and Swiss franc, though Asian units proved more resilient despite a Chinese yuan
      Source: Reuters  -  524 words
    • TRADES TO WATCH
      • Article
        Lock icon HK tycoon raises PSC stake
        99 6 HONG Kong-based dealmaker Charles Chan saw his deemed stake in PSC Corp rise to 21.71 per cent from 20.89 per cent on Thursday last week after Cyber Generation Ltd bought 15.4 million shares on the open market. No pricing information was given. Companies linked to
        99 words
      • Article
        Lock icon Temasek, Schroder pare Utac stakes
        146 6 TEMASEK Holdings and the Schroder Investment Management group of companies are no longer deemed to be substantial shareholders of semiconductor services provider United Test and Assembly Center. Temasek saw its deemed stake fall to 4.89 per cent from 5.85 per cent after its investment units
        146 words
      • Article
        Lock icon Freight Links CEO buys shares on market
        66 6 FREIGHT links Express Holdings chief executive Eric Khua Kian Keong bought 2.6 million shares yesterday and raised his direct and deemed stake to 60.41 per cent from 60.26 per cent. The shares were ail bought on the open market at nine cents apiece.
        66 words
      • Article
        Lock icon Capital Group's Yellow Pages stake pared
        80 6 US fund manager the Capital Group Companies is deemed to have sold 1 million shares of local phone listings publisher Yellow Pages Singapore in open-market transactions between Jan 18 and Wednesday last week. No pricing information was given. The Capital Group's deemed stake fell
        80 words
      • Article
        Lock icon Excelpoint CEO acquires 40,000 shares
        72 6  -  Compiled by KENNETH UM EXCELPOINT Technology chairman and group chief executive Albert Phuay bought 40,000 shares on the open market through privately held AP2I Holdings yesterday, raising his deemed stake to 2.63 per cent from 2.62 per cent. The shares were bought at 25.9 cents
        72 words
    • Article, Illustration
      Lock icon Untitled
      416 6 OTHER SINGAPORE INDICES Feb 7 VALUE CLOSE BT OB/OS -328.00 +234.00 BTCAPI -*****.00 -22.00 BT 10-day MA -*****.00 -33.00 All-SG Equities 549.49 +1.32 SG Equities Elect 159.54 +2.61 SG Equities Fin 1626.65 -5.02 SG Equities Prop 535.95 +4.60 SIMSCI 252.49 +0.62 SiMSCI Futures 253.20 +1.10 MOST ACTIVE STOCKS VOLUME UTACUS15C
      416 words
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  • Page 7 Advertisements
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      Lock icon Page 7 Advertisements Column 1
      96 7 IWHTMI/ Our quaHflad can assist you with ofhtwra structures, sh«tf companlw M/jjjjLj VT»jfc lilnndi Full nominee, management, secretarial, banking and corporate administration services are available. We also specialize in offshore trusts for assets protection estate planning. For further information and immediate service please contact Florence Nathan or Marie Lim OFFSHORE
      96 words
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  • SMALL CAPS
    • Article
      Lock icon Small caps slide for the third week
      433 8  -  By KENNETH UM THE market continues to favour the blue chips as the UOB Sesdaq index of mainly smaller market capitalisation stocks fell for the third straight week. While the large-cap Straits Times Index gained one per cent, or 21.78 points, to 2,118.1
      433 words
    • Article, Illustration
      Lock icon Beauty in the eyes of its beholders
      865 8  -  While Merrill Lynch is bullish about Singapore-listed Beauty China, UOB Kay Hian has called for a 'sell' on the stock. ANGELA TAN goes under the skin of the cosmetics business in China ANGELA TAN WHAT should investors do when they have different recommendations
      FILE PHOTO; Source: Bloomberg  -  865 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon UIC eyeing freehold Maryland Park site for $236.6m
      453 9  -  If successful, it will be the biggest collective sale since 1999/2000 boom By KALPANA RASHIWALA THE biggest collective sale in dollar terms since the last en bloc boom in 1999/2000 is being sewn up. United Industrial Corporation (UIC) is said to be
      453 words
    • Article, Illustration
      Lock icon Manufacturers less upbeat about outlook
      588 9  -  But production, investments rising in current quarter, SMa survey finds By ANNA TEO DESPITE prospects of faster growth for their sector in the first quarter, manufacturers have become less upbeat about their business outlook and the economy at large. This "disjunct" is apparent in the
      FILE PHOTO  -  588 words
    • Article
      Lock icon CEOs see S'pore role in improvinq their governance
      474 9  -  By NANDE KHIN ASIAN chief executive officers have ranked Singapore the second country in the region that they can learn the most from to improve their standard of governance, risk management and compliance (GRC), according to PricewaterhouseCoopers* eighth annual Global CEO Survey.
      474 words
    • Article, Illustration
      Lock icon More Asian firms expect to raise prices
      488 9  -  By NANDE KHIN LAST year was a dismal one for Asian companies in terms of pricing power. But this year, more of them especially in Asean nations like Singapore and Malaysia expect to raise prices rather than cut them, according to a survey
      Source: CTD Asta  -  488 words
    • Article
      Lock icon Govt's role is to complement, not replace, family
      349 9  -  By CHEN HUIFEN A RESILIENT society needs strong and close families, but the government can only harmonise rather than replace the family's traditional role, said Prime Minister Lee Hsien Loong. In his Chinese New Year message to Singapore this year, he reminded
      349 words
  • Page 9 Advertisements
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      Lock icon Page 9 Advertisements Column 1
      912 9 GUI toll-free 1800 289 8822 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF THALES GEOSOLUTIONS (ASIA) PTE LTD (In Members' Voluntary Liquidation) Co. Reg. No. *****4039K NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the Company held at 369 Beijing Rood, Rizhoo, Shandong,
      912 words
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  • SINGAPORE FOCUS: INDUSTRIES
    • Article, Illustration
      Lock icon Petrochem investments pour in
      1019 10  -  Jurong Island is shifting into high gear again, driven by the need to meet strong demand, RONNIE LIM reports RONNIE LIM THE "buzz" is back at Jurong Island. In just over two weeks, petrochemical crackers here have announced multi-million dollar interim investments allowing them to quickly
      FILE PHOTO  -  1,019 words
    • Article
      Lock icon S'pore crackers can take on M-E rivals
      623 10 Local value-add makes up for higher production cost SINGAPORE'S petrochemical plants can compete with rival Middle East crackers despite the latter's access to cheap natural gas. That's why Singapore continues to grow the industry, says the Economic Development Board (EDB). This is because
      623 words
    • Article
      Lock icon Varied feedstocks keep S'pore crackers competitive
      263 10 THANKS to strong regional demand, Singapore's petrochemical plants managed to cope with costlier crude oil of US$4O-50 last year, said PCS deputy managing director Phil Parker. And with oil prices easing, this should further spur demand this year. Still, having the flexibility to use
      263 words
  • Page 10 Advertisements
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      Lock icon Page 10 Advertisements Column 1
      1789 10 To aibCTite call toll free 1880 289 8822 E—il: noticetOtphcoa.^ IN THE HIGH COURT PF THE REPUBIIf OF SINGAPORE Companies Winding Up Petition No. 29 of 2005/Q In the Matter of the Companies Act (Chapter 50) And In the Matter of LAWSANDYS DEVELOPMENT PTE LTD (ROC No *****6922G) Between LAWSANDYS
      1,789 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon IMF pondering sale of its gold reserves to fund debt relief
      562 11 G-7 MEETING But gold producing countries, such as the US and Canada, are against the sale [LONDON] The International Monetary Fund (IMF) is preparing a report on the potential sale of a portion of its gold reserves in a
      AP  -  562 words
    • Article
      Lock icon No change to yuan value after G-7 meeting
      399 11 The current account surplus, less than 2% of China's GDP in 2004, is 'basically balanced' AP Reuters [BEIJING] China has no immediate plans to let the value of its currency rise, despite renewed pressure at a weekend meeting of the Group of
      AP; Reuters  -  399 words
    • Article
      Lock icon M'sian industrial output lower than expected in Dec
      331 11 Reuters [KUALA LUMPUR] Malaysia's industrial production grew at its slowest pace in almost two years in the 12 months through December, easing pressure on the authorities to let the ringgit appreciate. The industrial production index which measures manufacturing, mining and electricity output
      Reuters  -  331 words
    • Article
      Lock icon Australia's central bank says inflation on the rise
      307 11 AP AFP [SYDNEY] Inflation in Australia will rise towards 3 per cent next year, the country's central bank predicted yesterday, increasing the likelihood that it will raise interest rates. In its quarterly statement on monetary policy, the Reserve Bank of Australia (RBA)
      AP; AFP  -  307 words
    • Article, Illustration
      Lock icon Recessions hurt euro zone more than the US
      397 11 Reuters [FRANKFURT] The euro area takes as many as 10 years to catch up with the United States after economic shocks and suffers more from recessions, new research shows. A study by think-tank Centre for European Economic Policy Research, published yesterday, found
      Reuters; REUTERS  -  397 words
    • Article
      Lock icon Indon central bank will raise interest rates if needed
      430 11 Bank governor cites external factors like rising US rates Reuters [HONG KONG] Indonesia's central bank stands ready to raise interest rates if needed, but can keep them steady if it can absorb 90 per cent of the surplus cash in the
      Reuters  -  430 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Former exchange chief now leads Proton
      642 12 Appointment comes as company's share of domestic market slides to 44% Bloomberg Reuters [KUALA LUMPUR] Mohammed Azlan Hashim, the former head of Malaysia's stock exchange, replaced Abu Hassan Kendut as chairman of Proton Holdings Bhd, the country's biggest carmaker, national news agency Bernama reported,
      Bloomberg; Reuters; AFP  -  642 words
    • Article
      Lock icon KUALA LUMPUR STOCK EXCHANGE
      2237 12 vol FSBM _.a9« unch 31 F b7 Ml W- rooo) FTEC Resources 0.38 unch 365 FurqanBus.Org .0.37 0.01 ***** ASM Realty .1.21 unch 0 Gadang Ml unch 666 "V"-""" -9®' "J??! Gamuda 5.45 -0.05 3583 ACP Industries 1.14 -0.02 88 General Corp .0.50 -0.01 44 Advance
      2,237 words
    • Article
      Lock icon Remaining M'sian 3G licences up for bid soon
      179 12 AFP [KUALA LUMPUR] A second round of bidding for two remaining high-speed third-generation (3G) mobile phone licences in Malaysia may start soon, a report said yesterday. The Star newspaper, citing an industry source, said the government was debating whether to open up
      AFP  -  179 words
    • Article, Illustration
      Lock icon Indonesia reviews whether to remain in Opec or not
      309 12 Reuters {JAKARTA] Indonesia, Asia-Pacific's only Opec member, is reviewing its membership in the oil producers' cartel as it struggles to remain a net exporter of crude, Mines and Energy Minister Puraomo Yusgiantoro said yesterday. "We have a team to study whether
      Reuters  -  309 words
    • Article
      Lock icon More investment firms in Malaysia planning expansion
      391 12 MORE Malaysian financial and investment companies may go on the expansion trail, the Malaysian Business Times (MBT) reported yesterday. The paper quoted analysts as saying they see them following the lead of two investment banks that have ventured into Singapore and which are
      391 words
    • Article
      Lock icon Bank Permata's 2004 profit up by 12%
      207 12 Bank is benefiting from increased demand for credit and lower costs Bloomberg [JAKARTA] PT Bank Permata, Indonesia's seventh-largest lender, said profit in 2004 rose 12 per cent as lower interest rates cut costs and boosted demand for loans. Net income in the year
      Bloomberg  -  207 words
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  • CHINA/INDIA
    • Article, Illustration
      Lock icon China directs local lenders to crack down on fraud
      886 13 Watchdog worries rate will rise and investors shun banks' overseas share sales Bloomberg AFP [HONG KONG] China's bank regulator ordered its commercial lenders to conduct more probes after a fraud case involving Bank of China raised fears foreign investors may shun
      Bloomberg; AFP  -  886 words
    • Article
      Lock icon Race on Shanghai's F1 track for a fee
      173 13 AP [SHANGHAI] Visitors to Shanghai will soon be able to take a spin around the city's brand new Formula One circuit. But would-be racers first have to take a health check, pay up, put down a 20,000 yuan (553,960) deposit and "get
      AP  -  173 words
    • Article, Illustration
      Lock icon China's auto output to exceed 6m in '05
      388 13 It's expected to beat Germany to become world's 3rd biggest producer AFP [SHANGHAI] China, currently the world's fourthlargest car market, is expected to produce more than six million cars, trucks and buses in 2005, up 20 per cent from last year, data
      AFP  -  388 words
    • Article
      Lock icon SAIC's Rover bid hits bump in the road
      266 13 AFP [BElJlNG] Shanghai Automotive Industry Corp's (SAIC) planned purchase of troubled British car firm MG Rover has run into difficulties, with Chinese regulators stalling on a decision, the Financial Times reported yesterday. It said state regulators are resisting British pressure to fast
      AFP  -  266 words
    • Article
      Lock icon Beijing to choose corporate pension fund managers
      362 13 Bloomberg [BEIJING] China's government will soon start to choose fund managers for the nation's corporate pension funds, paving the way for the funds to start investing in equities in a move that may help to boost the lagging stock market. Brokerages with at
      Bloomberg  -  362 words
    • Article
      Lock icon ICICI Bank to sell bonds overseas for expansion
      391 13 Move comes after S&P raised its rating last week Bloomberg [MUMBAI] ICICI Bank Ltd, India's second-largest lender in which Temasek Holdings is an investor, will sell bonds overseas this year to fund the expansion of its international business, chief executive officer KV
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    • NOTE BOOK
      • Article
        Lock icon India's Idea Cellular to borrow US$lb
        98 13 Bloomberg [MUMBAI] Idea Cellular, an Indian mobile phone company, is seeking to borrow US$l billion in the country's biggest syndicated company loan, said bankers. At least six banks are bidding to arrange the financing, which will have maturities of at least three years, they
        Bloomberg  -  98 words
      • Article
        Lock icon Bank Danamon to sell 2.5t rupiah of bonds
        50 13 Bloomberg [JAKARTA] PT Bank Danamon plans to sell 2.5 trillion rupiah (*****.5 million) of bonds by the end of June to help expand its lending and banking business. The bank is "currently finalising terms and conditions for the bonds issuance." it said.
        Bloomberg  -  50 words
      • Article
        Lock icon Bird flu vaccine developed in China
        102 13 Reuters [BEIJING] Scientists in China have developed a bird flu vaccine for poultry and mammals that can fend off the deadly virus and help stop its spread, the China Daily said yesterday. The HSNI strain of bird flu has killed at least 45 people
        Reuters  -  102 words
      • Article
        Lock icon No textile quotas, EU assures China
        92 13 AFP [BEIJING] The European Union has assured Beijing it will not follow Turkey's lead by imposing quotas on textiles it imports from China, state media reported yesterday. Claude Veron-Reville, spokeswoman for EU Trade Commissioner Peter Mandelson, told the China Daily there was no going
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  • ASIA-PACIFIC/WORLD
    • Article, Illustration
      Lock icon Sharp to buy Fujitsu's LCD business
      648 14 Meanwhile, Matsushita Electric and Hitachi to tie up in plasma panels Reuters AP [TOKYO] Japan's Sharp Corp will buy Fujitsu's liquid crystal display (LCD) business, the latest consolidation in the fast-growing but highly competitive market for thin displays. It will buy Fujitsu's lossmaking LCD
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    • Article, Illustration
      Lock icon Vodafone changes head of its struggling Japanese unit
      392 14 AFP Bloomberg [TOKYO] British mobile giant Vodafone yesterday shook up the leadership of its floundering Japanese unit, removing a one-time star as its head. Vodafone K K named William Morrow as its president, replacing Shiro Tsuda, who took over the post two
      AFP; Bloomberg; REUTERS  -  392 words
    • Article, Illustration
      Lock icon Arroyo seeks to sell stakes in San Miguel
      545 14 Bloomberg [MANILAI The Philippine government may sell 39 per cent of San Miguel Corp, with President Gloria Arroyo giving the green signal for a sale of state-held stakes in some companies. Ms Arroyo, whose government is trying to narrow budget deficits that
      Bloomberg; REUTERS  -  545 words
    • Article
      Lock icon Demand for LCD TVs set to grow 7-fold by 2009
      224 14 Reuters [TOKYO] Global demand for liquid crystal display (LCD) television sets is likely to grow more than seven-fold by 2009, boosted by an accelerated shift to flatpanel TVs from bulkier cathode ray tube sets, a Japanese industry group said yesterday.
      Reuters  -  224 words
    • Article
      Lock icon S Korean banks post record profit in 2004
      344 14 Reuters [SEOUL! With domestic consumption showing some signs of revival, net profits at South Korean banks rose to a record level last year, a regulatory official said yesterday. The sector benefited from reduced bad-loan charges and higher profits from non-banking operations. The
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    • Article
      Lock icon Pakistani Khan's nuclear network may be wider than disclosed
      379 14 Reuters [HONG KONGI United States officials are investigating whether the father of Pakistan's nuclear bomb sold nuclear technology to Saudi Arabia and other Arab countries, Time magazine said in its latest issue. As the international community focuses on a possible showdown
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  • WORLD
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      Lock icon Wall St traders face new probe over illegal trading practices
      535 15 US attorney's office move is in addition to scrutiny by SEC and stock exchange NYT [NEW YORK] The US attorney's office in Manhattan is investigating individual traders on the floor of the New York Stock Exchange on suspicion of cheating
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    • Article
      Lock icon EBay tries to calm irate sellers with fee break
      324 15 LAT-WP [LOS ANGELES] With many of EBay Inc's most faithful sellers in revolt over a rate hike, the online auctioneer said on Sunday that it would lower one type of seller fee starting from yesterday. If that's supposed to be a
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      Lock icon Reed, Albright to leave NYSE
      165 15 Reuters [NEW YORK] New York Stock Exchange chairman John Reed (left) has indicated to other board members that he will not run for re-election to the post, the Wall Street Journal reported yesterday, citing people familiar with the matter. The newspaper also said former secretary
      Reuters  -  165 words
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      Lock icon ManU shares rise 6% on Glazer's new proposal
      744 15 His third attempt is said to value the club at £800 m Reuters Bloomberg [LONDON] Shares in Britain's Manchester United jumped almost 6 per cent in early trading yesterday, a day after the soccer club said it had received a detailed takeover
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    • Article
      Lock icon Companies that bought Iraqi oil from traders to face charges
      556 15 AP [GENEVA] Companies that bought Iraqi oil from traders who allegedly spent billions of dollars to bribe Saddam Hussein for contracts under the UN oil-for-food programme now could be implicated in the vast web of corruption uncovered last week, a
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    • Article
      Lock icon US corporate bond market data free on the Net
      395 15 Reuters [WASHINGTON] The last dark corners of the US corporate bond market was to be lit up later yesterday with a major expansion of a system that posts bond price and trading data free on the Internet, regulators said. For the
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  • AVIATION
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      Lock icon Boeing ups India sales target as traffic booms
      690 16 It eyes US$3O-35b in two decades as SpiceJet f a new low-cost domestic airline, is launched AFP [BANGALORE] US aerospace giant Boeing, buoyed by several new big orders from China and Japan, is raising its sales forecast for India from US$25 billion
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      Lock icon US firms splash on corporate jets
      621 16 Booming earnings, tax incentives fuel recovery in demand Reuters [NEW YORK] After another bumper earnings year, US companies are throwing off the effects of recession and boardroom scandals to buy corporate jets again. From General Motors Corp to Petsmart Inc, companies are lining up
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      Lock icon SEVERE WEATHER
      49 16 [ISTANBUL. Turkey] Planes sit under snow at Istanbul's Ataturk Airport after a heavy snowstorm hit Turkey's largest city yesterday morning. The international airport was shut down for more than five hours after a passenger plane slid off the icy runway during landing earlier in the day. AFP
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      Lock icon ANA aims for business travellers off to Russia
      507 16 Bloomberg [TOKYO] All Nippon Airways Co, Asia's secondlargest airline by sales, plans to start flights to Russia, northeastern China and Munich aimed at business passengers, as it seeks to expand outside its home market. "It's difficult to be successful for flying into
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        Lock icon Tiger Airways seeks to fly to Philippines
        177 16 AFP [SINGAPORE] Singapore-based budget carrier Tiger Airways said yesterday it had applied to the Philippine government to fly to a former US airbase near Manila and is hopeful of being able to start services in March. A spokesman said the carrier was still
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      • Article
        Lock icon Silk Air scraps Krabi, Padang flights
        130 16 Bloomberg [SINGAPORE] Singapore Airlines Ltd's regional unit Silk Air said yesterday it scrapped flights to Krabi in Thailand and Padang in Indonesia "following a strategic review of its network operations". Silk Air will stop flying twice a week to Padang starting Feb 23 and
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      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      1810 16 w §g -as !SS asas nwpM.mil SQ141 1145 SQ142 0935 «IS SQ143 1535 S0146 1640 y 2 2250 GA840 1725 GA841 1825 «J«I °K! Ku3# 2330 SQ147 2230 SQ148 1900 KL837 1535 SQ324 2345 Dh*U SQ43S 0550 SQ4M-3030 SQ347 0635 Dub» S0427 0715 EK405 0220 »ll>lll<
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  • SHIPPING
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      Lock icon PSA makes HK$3b bid for Hong Kong port assets
      596 17  -  It buys ACT, CT3 stakes from firm that blocked its earlier HK foray By GEORGE JOSEPH [SINGAPORE] PSA International has finally succeeded in getting a slice of the thriving Hong Kong container terminal business, with a bold HK$3 billion (Ss63l million)
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      Lock icon Daewoo Shipbuilding back in the black in Q4
      381 17 Currency gains offset rise in raw material costs Bloomberg [SEOUL] Daewoo Shipbuilding Marine Engineering Co, the world's sec-ond-largest shipbuilder, returned to profit in the fourth quarter as gains from foreign-currency transactions offset a rise in costs for raw materials. Daewoo Shipbuilding had
      Bloomberg  -  381 words
    • Article
      Lock icon Mitsui Engg cuts profit goal on rising costs
      204 17 Bloomberg [TOKYO! Mitsui Engineering Shipbuilding Co. Japan's third-biggest shipbuilder, lowered its full-year profit forecast by 17 per cent because of the effects of rising raw material costs and a strengthening yen. The company cut its net income target to five billion yen
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      Lock icon TRANSPORT STOCKS
      288 17 SGX '000 F*7 a Vol CH Offshore .0.38 undi 0 ChuanHup 172 unch 0 Cosco Corporation 1.30 unch 1603 CWT Distribution 170 -0.02 55 Ezra Hldgs 1.08 -0.02 81 Freight Links 0.09 unch 5183 Grand Banks Yadit.. 1.02 0.02 21 Java Holdings 1.06 unch 273 K1 Venture .029
      288 words
    • Article
      Lock icon Tanker earnings may stay near six-week high
      283 17 Bloomberg [SINGAPORE] Oil tanker earnings on routes from the Persian Gulf to Asia may be little changed this week near a six-week high as oil companies hire ships to load in March amid a limited supply of vessels, shipbrokers said. Royal Dutch/Shell group.
      Bloomberg  -  283 words
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      Lock icon PICKING UP THE PIECES
      39 17 [BERUWALA. Sri Lanka] Fishermen repair their boats at Sri Lanka's 'tsunami yard'near Beruwala last week. Business at Beruwala fishing harbour is nearly back to normal after weeks of disruption following the Dec 26 tsunami. REUTERS
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  • EDITORIAL & OPINION
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      Lock icon Looming shortage of airline staff
      515 18 EDITORIAL THIS could be the best year in nearly a decade for the global aviation industry. After struggling through disease, war, terrorism, economic slowdowns and oil price hikes, the outlook for global commercial aviation looks better than many had dared hope just six months ago.
      515 words
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      Lock icon Wool over Americans' eyes
      1047 18  -  State of US Social Security hardly as dire as President Bush makes it out to be CHRISTOPHER REED PRESIDENT George W Bush's projected "crisis" in America's Social Security pension plan, which he said in his recent State of the Union speech is "headed for bankruptcy", could
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      Lock icon India set to be major market for Asian neighbours
      812 18  -  THE BOTTOM LINE YOGI AGGARWAL WITH the economic reforms in 1991, India also initiated a "Look East" policy that sought greater interaction with East and South-east Asia. This policy has matured and is now beginning to have an impact. Traditionally, India
      812 words
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      Lock icon Fighting for culture and freedom
      1102 19  -  Unesco convention on cultural diversity provides revealing look at battle lines and vested interests By ALAN RIDING NYT THE idea of promoting cultural diversity around the world seems reasonable enough. It recognises that everyone profits from the free flow of ideas, words and images. It
      NYT; AFP  -  1,102 words
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      Lock icon Carrefour banking on wrong man?
      832 19  -  Luc Vandevelde's performance may well mirror the one he gave as Marks Spencer chief By MATTHEW LYNN Bloomberg SHOULD shareholders put their faith in Luc Vandevelde as the man to turn around Carrefour SA, France's ailing grocery giant? Or, as he did at Britain's Marks
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    • Article
      Lock icon Phantom plan rule is bizarre
      304 19  -  LETTERS TO THE EDITOR Denis Distant, Singapore I REFER to the article "Sias slams APB's phantom share option plan" (BT, Feb 5) and find it inexplicable that legislation requires Employee Share Option Schemes (ESOS) to be subject to shareholder approval yet APB's new Phantom Share
      304 words
    • Article
      Lock icon Rising prof its a good reason for train fares to be lowered
      144 19  -  Narayana Narayana Singapore I REFER to the letter, "Why hike train fares at all in 2002?" (BT, Feb 1), by Leong Sze Hian. If the raison d'etre for any public-transport system is to provide cheap and efficient transport
      144 words
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      103 19 HAVE YOUR SAY Fax your letters to 6319-8277 or email them to btietterGsph.com.sg or write to: The Business Times, SPH HQ, 1000 Toa Payoh North, Podium Level 3, Singapore *****4. We need your full name, address and telephone number for verification. Please use temperate language, and bear in mind libel
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  • Page 19 Miscellaneous
    • Miscellaneous
      Lock icon Page 19 Miscellaneous Column 1
      194 19 CRYPTIC CROSSWORD 1 One might shoot Red Dwarf! 9 with feet of clay YESTERDAY'S SOLUTION (4,4) 0 4 Across: 1 Crass, 4 Improper, 10 2 The argument against was Uncooked tuna a rule that s Ostrich, 11 Lothian, 12 Surf, 13 useful, and retained (9) u u Brute, 14 Stun,
      194 words
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  • Article
    Lock icon SINGAPORE STOCKS
    10457 20 STRAITS TIMES INDEX STOCKS Hwt dot Own Stodi mm Wt d— Own Allgreen 50c 0.29 1.090 +0.020 NCX. 2 49 3 640 4.040 BIL Irtti US20C 0.49 1.110 -0.010 OCBC 9.69 13.600 -0.100 CaprtaLand 1.45 2-270 Parkway H 25c 0.71 1.600 Chart SemiCond 26c 0.75 1.030 *0 030
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  • Article
    Lock icon FINANCE & COMMODITIES
    5812 21 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES Ml local curt In SS H» USS dy yr dy yr dy *y» N64 Indu Okoq* Chang* Chtrx)* ChtoQt Change Chang* Woridlnden Preliminary 8SK 0.5 01 03 -13 Oj6 13 EATE ftefcninary 7883 0,5 2j0 0L5 418 Oil -1.1 Europe Preliminary 1093.7 0
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      228 22 From The Management Staff of NYK Group South Asia Pte Ltd SEN AT R L C*#: 1378 *****000 VMfa m4w ww».mnrtwdiwi.ami I I IM CW« v n lh. W*n »«n«d- Mi«t»w«"ll Vhml rsi V«tN* 'l StataTww] LfSftih F«Wft« yM UUL—ffiffl MM ujki iiMm. QiMm toAnmnrim J3E=ljfiigb 3olZ_ttM_ =s£= _ttM_ZgSZ mzi
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      74 22 UK CONTINENT SERVICE Lasting for LOK PRATAP RTM/ATW/BMNAJK/NAN SPYROS B RTM/ATW/BMNAJK/NAN i Loads Singapore, E/W. Matayrta, Indomais MIDDLE-EAST SERVICE Loading for BEAUTY K ADN/HDD/JDH/AQA SEA UNITY DBl/ABU/DOH/BRN/DMM/KWT PANORMOS PRIDE HDQ/JDH/AQA Toads Singapore, E7W. Maisyrta. Indorwn USA SERVICE Loadhgfor HANJIN TAMPA VCW/VCB/LAWMZL MARY H CAM/NFK/SAV/NOL •Loads E/W. Malaysia, Indonesia F.E./S.E.A. SERVICES
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      659 22 iXfAHAKOHO WViq jRK wsa/wr iMwcn T hbbhwm m km lo i sw I jt STUmraTUK 03/05 is U OVD3 05/02 10/02 IVO2 15/02 STMJTS YEtfTUK 04/05 IS 3.2 17/02 20/02 25/02 21/02 02/03 I STUffS VBdlltt 05/05 IS 3J ,04/03 07/03 vtssa/vor MwrqtT) hdowt(K) i rot w wh w Ia
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      881 23 MOjL Combine* q rongi of iiiippiiia im(lh to wiura (Rmly, nfiabli NrvkN cownng nojor porti in Norm America, Europe, Japan, Asia, Africa Oceania. Abe Kwpt btrv-Ask Gvftts Ik BUSAN KWANCYANG SHANGHAI YAMTIAN XIAMEN QMGOAO BEiAWAN JAKARTA SURABAYA KAOHSiJNG BANGKOK LAEM CHABANG fIXHWUNH PASB GUPAN6 HWANG PORT CLANG For Schedules, BL
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      1056 23 VESSEL VOY rajl fKG GQIfIEH TTtADE SQ2N I 8/2 I 9/2 11/2 NEW DYNAMIC 079 A ~57T 5/2 KUO LUNG OQSN 15/2 I 16/2 18/2 PHTH B*)DQE 5Z3* 10/? '2/2 GOLDEN GATE SO3W I 7?/? I 23/2 25/2 "EWDYNAMC 080 A 17/2 19/2 *VSL cdbg boiti Noiiti 4 Wet pc
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      Lock icon Page 23 Advertisements Column 3
      829 23 W H S33W WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICD POINTS VtSStl VOY SW PJQAMC COiOWO H SHIVA COUMUO IH&m&AHDHI mSL 91 Fa -liffl 13fB Itfß ua iajiv gawphi mm ufb ufei iho kfei ;s fei mmg jbu tm an PAdfK QUEST 0004W 21 FB
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  • Page 24 Advertisements
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      1044 24 IAXAI WALLENIUS WILHELMSEN website: http://www.2wglobol.tom VBsn jVOT |»AMf I HBCWT I 5 UC MAO HOW »U W Ml OB >T( iW Ml TEXAS AfSO3 4201 ms MM N/01 OMITS 10/03 17/03 11/03 12/03 20/03 24/03 14/03 TAMEIUNE AESO4 3201 ms MM I H/02 10/03 20/03 27/03 21/03 02/04 31/03 04/04
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      385 24 rasa vwr sw m _msa wt ai —m—j?a_ yjffl", -a —as —MPAC lAMPA 13*511 31/>1 31/>1 wiiii jyj M/w M/a? MCMNPA lgjjj 11/02 #1/W I W/W c^'S PAC PANDA 1307* 02/02 03/02 I I f'll'ilWMji PA( BANDA 1390* 04/02 04/02 VBSfl. ypt j| p^p PACOANDA 1399N OVO2 0602 HWBTI iSBL
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      66 24 VOT ETA FU ETA EU^H M vessel NO wa gN MMI aoM ■miWfpM __s_ Ml JMg__ag__ajLM ■uuchoww aw iw n« ■MALDivtlCAWiii 754 ZVB r« MUUfflOWli C»2K «&Q3 IM3 MUlwectw "w~l iiw I iwa Ta«|ciirW I I 1 I M SCHEDULED SAILINGS TO I COLOMBO J TIMBER, BREAKBULK PROJECT CAR6O B
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      342 24 BSfl a MYANMA B FIVE STAR LINE (MraMT N«tio«d Um) Lomfiaf fir Y«fM VKSa VOT SM PU PEN PGU PAGAM 341W SU HPA-AM MOW SIP M MALAYSIA: KMISTEAD SWPPNK AGENCIES m/PU: 03-***** 3U PEN; 04-***** IS ACCEPTIM COiVEiTIOiAL CBO MM SM MS SM PGU PA KK MAKNVKTOt 17 SU SU
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  • The Business Times Shipping Times
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      Lock icon The Business Times Shipping Guide export
      6050 25 This ETA ETA Advertiser Vessel Voyage Telephone HA HA Advertber Vend Voya«e Tilipkim SM Dest n IkM Name Number Number SM D«t n Mmm Mmm Numb*. m—bir To GUAYAQUIL (GYE) 2142 Ecuador To ABIDJAN (ABJ) 2003 Cote D'lvoire 1M) 2 22/03 HamburgSud NYK FREES1A
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  • PROPERTY
    • Article
      Lock icon Still some good home buys in region
      560 26  -  Australia's residential soft landing likely to continue, but HK could be hot, ANDREA TAN gives you a fuller picture ANDREA TAN Looking to park your hongbao money in a home in the region? Should you look Down Under, size up Hong Kong and
      560 words
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      Lock icon Asia-Pac office sector in 2004 holds up well
      435 26 ASIA-PACIFIC'S markets for office space held up well in 2004, with the best-per-forming market enjoying rental increases of over 40 per cent while those which did not do as well remained largely stable. DTZ Research said that Asia-Pacific's Grade A office sector
      FILE PHOTO; AFP; BLOOMBERG  -  435 words
  • Page 26 Advertisements
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      106 26 Freehold Development Site for Sale Prosperity Mansion 46, Mar Thoma Rd I Zon d "Residential'' Jy Easy Access via PIE/CTE J/ 1 UUiUIIKMumi I J 1 "T For more details Tender documents, pis contact Stephen B.Ong 9796-4569 m «rac Becky Lim 9181-4218 WUi "S™ Where to wine, dine and entertain...
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      Lock icon Page 26 Advertisements Column 2
      13 26 VImIIKIKI jfMj KKk M jjiflßHf 1 to 28 February for lunch and dinner
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      20 26 tfs official. We're in alliance. Announcing a iiMrgcr? CaM ISOO *****22 or mil noticcsasph.caaLsg m our newspapers now. nnsnnn i
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      91 26 +1 11 M fitaMmliSm Lunar New Year Specials At Si Chuan Dou Hua Restauraistt For fine cuisine and atmosphere, the ever-popular Si Chuan Dou Hua is a perfect choice for this Lunar New Year feasting. Savour exquisite dishes and dessert from its choice of set menus starting from $188. For
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      58 26 [~1 TH E NEPTUNE COLLYER QUAY J&nar J\few year j Cekbrgtion (KB* Usher in the Year of Rooster with a scrumpbous feast on auspicious Cantonese dishes F or delectable Dim Sum served in authentic trolley-cart style. Reservations: 6224 3922 fMI On Managed by Mentus Mandarin Singapore 7th Floor, Overseas Union
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