The Business Times, 11 February 2005

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Microfilm: NL26115
Total Pages: 26
1 26 The Business Times
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  • Title Section
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    14 1 THE BUSINESS TIMES 9^ online at http://business-times.asial.com.sc SINGAPORE§ScRTC MICA (P) 023/03/2004 Friday, February 11,2005
    14 words
  • Article, Illustration
    Lock icon Excited about a ringgit re-peg
    583 1  -  More hot money from S'pore flowing across the Causeway By SIOW LI SEN [SINGAPORE] Funds from Singapore are pouring into Malaysia in anticipation of a ringgit re-peg. Latest data from Bank Negara Malaysia shows that inflows from Singapore rocketed to RM24.52 billion (5510.6 billion) for
    Source: Bank Negara  -  583 words
  • Article, Illustration
    Lock icon HP ousts its high-profile chief exec Carly
    730 1 Board says it is not satisfied with her strategy execution LAT-WP NYT [LOS ANGELES] HewlettPackard's board of directors ousted Carly Fiorina, the high-gloss chief executive who hobnobbed with Hollywood stars and graced dozens of magazine covers, but ultimately was unable to meet Wall
    LAT-WP; NYT; AFP  -  730 words
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      17 1 US EXEC PAY Time for revamp pg 17 8 887 81 *****4 Markets Digest on Pg 2
      17 words
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      75 1 COMPANIES Do we need stricter corporate governance laws? PG6 BT Online Don't miss out on our financial news and data services Log on to 8T Online after 11.30pm on a trading day and get the dosing prices of all stocks traded on the following exchanges: Kuala Lumpw; Bangkok, Hong Kong,
      75 words
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      12 1 S'PORE ECONOMY Expect a good Budget: Lim Hng Kiang PG7 ■ry i
      12 words
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      36 1 t": l' %WMi '4 m s EXEC LIFESTYLE I trends in choosing the V&v ridit mate PG26 MORE REPORTS HP to keep Cariy's USslb promise to Singapore Cariy's exit mayfpreshadow big changes at HP riS 4
      36 words
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  • TOP STORIES
    • Article, Illustration
      Lock icon Put in tax changes to benefit Reits: consultants
      687 2  -  Legislation is also required on rulings when a Reit is being put out By ALEXANDRA HO [SINGAPORE] With real estate investment trusts (Reits) being all the rage these days, tax consultants are hoping the finance minister would introduce new tax rules and
      687 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      648 2 HP to keep Carly's US$l b promise to S'pore THE ouster of Hewlett-Packard's high-profile chief Carly Fiorina brings into sharp focus the US$l billion promised by her during her visit to Singapore early last year. Ms Fiorina said HP would spend US$l billion between 2004 and 2008 to
      648 words
    • Article, Illustration
      Lock icon SES aims for 10 to 12% annual growth
      807 2  -  By ALEXANDRA HO [SINGAPORE] The heady days of growth in the exhibition industry may be over but Singapore Exhibition Services (SES) is still aiming to grow its business 10 to 12 per cent year-on-year, for the next two to three years. In
      807 words
    • Article
      Lock icon MARKETS DIGEST
      90 2 MARKETS Thursday Chang* KLSECOMP dostd NIKKEI 225 11.553.56 +80.21 HANG SENG dostd SET INDEX ***** >0.59 JAKARTA COMP dostd MANILA COMP 2,048.24 +19.38 SEOUL COMP dosed SHENZHEN B dowd BOMBAY IND 6,555.83 -15.7 At 11 aw EST Change DOW 10.705.12 441.01 NASDAQ 2,044.19 -8.36 FOREX us$ s$ USS
      90 words
    • Article, Illustration
      Lock icon HP to keep Carly's US$1b promise to S'pore
      719 3  -  EXIT FIORINA HP also said last year that it would work with IDA on new technology By RAJU CHELLAM [SINGAPORE] THE ouster of Hewlett-Packard's highprofile chief Carly Fiorina brings into sharp focus the US$l billion promised by her during her visit to
      AP; FILE PHOTO  -  719 words
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      37 2 6pcs Hang Tan Sofa Set Hong Tan 36"- 60" Hong Tan ft #At Altar Table 40" 6pc» Dining Set 3pcs Hong Tan/ I rri m m Call MOO 289 8822 or email reavtt@sph.com.sg for your recruitment solutions
      37 words
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      55 2 Developing centres for 4 the arts whether %ltt|- 1 DaHas, Lithuania, IH Shanghai or Singapore Hro m -is where the new nkfl& il^^ti£ energy is j Barrett Wissman, chairman of IMG Artists* the world's largest arts management company, waxes lyrical about Asia's promise, and reveals his plan to bring a
      55 words
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      247 3 V, J '-'W 'f '•'J i *JT ilßjk i 4 f ''111'-fe USSI! Tf- v *%iTi&llSfK. >' r v lIP \SE' WAKE UP TD THI£ ENCHANTING VIEW AT THE BERTH BY THE COVE, THE MOSt TALKSD ABOUT WATERFRONT ADDRESS IN SINGAPORE. Visit our Show Flat on Sentosa island from 10am
      247 words
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  • EXIT FIORINA
    • Article, Illustration
      Lock icon HP likely to see major changes
      1272 4 A break-up of the company will boost share price, say analysts NYT Bloomberg [NEW YORK] After ousting chairman and chief executive Carly Fiorina, Hewlett-Packard's directors said on Wednesday that they were disappointed not with the company strategy she created, but with her ability to
      NYT; Bloomberg  -  1,272 words
    • Article, Illustration
      Lock icon Will the HP-Compaq deal be another failed merger?
      917 4 Bloomberg NYT [NEW YORK] Six days after HewlettPackard (HP) chief executive Carly Fiorina announced her plan to buy Compaq Computer Corp for US$25 billion in stock, her nemesis, Michael Dell, called the deal "compelling". Mr Dell, founder and chainnan of computer maker
      Bloomberg; NYT; BLOOMBERG  -  917 words
    • Article, Illustration
      Lock icon Dell Effect pushes PC rivals to a corner
      605 4 HP made 1 from PCs while Dell's operating profit rose to 8.8% in Q3 NYT [AUSTIN, Texas] Dell Inc employees use the phrase "Dell Effect" to describe the way their company has pushed personal computer prices lower. The term might be better
      NYT; BLOOMBERG  -  605 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Biomed firm SurgiLance eyes listing next year
      485 5  -  Whether it lists here or elsewhere will depend on a variety of factors By KENNETH LIM SINGAPORE medical needle maker SurgiLance is considering an SGX listing in mid-2006, adding its name to a growing list of biomedical companies hoping to tap the capital
      485 words
    • Article, Illustration
      Lock icon CMT turns a deaf ear to its tenants' cry
      993 5  -  HOCK LOCK SIEW By KALPANA RASHIWALA WHEN Capita Mall Trust (CMT) released its full-year results recently, its manager Capita Mall Trust Management Ltd (CMTML) didn't have much trouble selling analysts and the media the story about the group's performance or its
      FILE PHOTO  -  993 words
    • Article
      Lock icon Asia Renal Care aims for listing next year
      336 6  -  By KENNETH LIM SINGAPORE-BASED private kidney dialysis centre operator Asia Renal Care plans to list locally or in Hong Kong by the end of next year, says chief executive Lim Chin Boon. "We have spoken to three bankers and have been approached
      336 words
    • Article, Illustration
      Lock icon Does S'pore need the Sarbanes-Oxley Act?
      841 6  -  While a full adoption may not yield much benefits, implementing certain parts may be a prudent move By MICHELLE QUAH CORPORATE responsibility and behaviour in developed countries is going through a paradigm shift, but Singapore isn't riding on this train. In the US, one
      BLOOMBERG  -  841 words
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      106 5 ar... .si, -4 f m m CUt fl II CI w Mfc L I A Jg| m >' j^jflfl^H ■t VAO .jawEs a film RESERVE YOUR PLACE TODAY AT OUR NEXT EXECUTIVE MBA PROGRAM INFORMATION SESSION. SINGAPORE JAKARTA TOKYO GSB ASIA CAMPUS GRAND HYATT HOTEL IMPERIAL HOTEL FEBRUARY 23 MARCH
      106 words
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      407 6 To adferttse call toll-free 1800 299 8822 Email: notkesOtphcoum IN THE MATTER OF I THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF TOUCHE ROSS MANAGEMENT CONSULTANTS PTE LTD ON MEMBERS' VOLUNTARY UQUIDATION) (COMPANY REGISTRATION NO. *****1979K) i NOTICE OF MBNBBtS' VOLUNTARY LIQUIDATION Notice is hereby given that at
      407 words
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      599 6 IN THE MATTER OF THE COMPANIES ACT, CAP. SO AND IN THE MATTER OF FERRANTI TECH ASIA (PTE) LTD (Regn. No.: *****2317R) (Incorporated in Singapore) At on Extraordinary General Meeting of the abovenamed Company duly convened and held at 608 Orchard Road #06-18, Tower 2, The AtriumOOrchard, S(*****1) on the
      599 words
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      902 6 IN THE HIGH COURT OF THE REPUBLIC OF SINGAPORE IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF RAYMITEX TRADING PTE LTD (Company Registration No. *****4482W) (Companies Winding Up No. 132 of 1997) (In Liquidation) NOTICE TO CREDITORS OF MEETING (Under the Order of winding
      902 words
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      728 6 IN THE MATTER OF THE COMPANIES ACT (CAP. 50.1994 Ed) ANO IN THE MATTER OF CARL SCHENCK SINGAPORE PTE LTD (In Members' Voluntary Liquidation) (Company Registration Nb *****3795 M) NOTICE OF RESOLUTION At an Extraontnary General Meeting of the members of the abovenamed Company duly convened and held at Landwehrstrasse
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      377 6 M THE MATTER OF THE COMPANIES ACT, CAP.SO AND M THE MATTER OF KATT PTE LTD (MEMBERS' VOLUNTARY WINOING UP) At an Extraordinary General Meeting of the abovenamed Company duly convened and held at 47 Hill Street #05-01, Chineee Chamber of Commerce 6 Industry Building, Singapore *****6 on 2 February
      377 words
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  • ECONOMY WATCH
    • Article
      Lock icon US growth to slow, core inflation to rise this year: survey
      513 8 Forecasters believe prices will creep higher, prompting interest rate hikes Reuters [WASHINGTON] US economic growth will slow this year while core inflation picks up, prompting more interest rate hikes by the Federal Reserve, top forecasters said in a survey
      Reuters  -  513 words
    • Article, Illustration
      Lock icon US FED CHIEF, BANK OF ENGLAND GOVERNOR GET HONORARY DEGREES
      68 8 Reuters [EDINBURGH] Chairman of the US Federal Reserve Alan Greenspan (C). Britain's Chancellor of the Exchequer Gordon Brown (L) and Governor of the Bank of England Mervyn King stand outside the McEwan Hall in Edinburgh on February 7,2005. after an
      Reuters; REUTERS  -  68 words
    • Article, Illustration
      Lock icon Asian central banks may cut dollar holdings
      621 8 Most central banks surveyed increased their euro reserves Bloomberg [MUMBAI] Asian central banks may reduce the share of their reserves held in dollars in coming years, according to Stephen Green, chief executive of HSBC Holdings Pic, the world's third-biggest bank by market value.
      Bloomberg; FILE PHOTO  -  621 words
    • Article
      Lock icon Revaluing yuan won't fix US deficits: ECB official
      165 8 Reuters [HELSINKI] The importance of China's foreign exchange policy was exaggerated and revaluing the yuan would not fix the current account and budget deficits in the United States, European Central Bank (ECB) governing council member Erkki Liikanen said on Wednesday. Mr Liikanen
      Reuters  -  165 words
    • Article
      Lock icon US trade deficit ends 2004 at all-time high
      409 8 LATEST US DATA AP Reuters Bloomberg [WASHINGTON] The US trade deficit soared to a record of U*****.7 billion last year as Americans' appetite for all things foreign from crude oil to imported cars hit all-time highs. The Commerce Department reported that the
      AP; Reuters; Bloomberg  -  409 words
    • Article
      Lock icon Fed may change its language soon
      355 8 It may drop words 'measured' and 'accommodative' Reuters [NEW YORK] The Federal Reserve still has "got a ways to go" on raising interest rates but may need to change the language in its policy statement, Federal Reserve Bank of Atlanta president Jack Guynn is
      Reuters  -  355 words
    • Article
      Lock icon Thailand to use part of reserves for development
      190 8 Bloomberg [BANGKOK] Thailand may use as much as a third of the nation's US$49 billion in foreign-currency reserves to help finance a 1.5 trillion haht (Ss64 billion) plan to build subways and other public works projects, Prime Minister Thaksin Shinawatra's top adviser
      Bloomberg  -  190 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon Aust expects to begin FTA talks with M'sia soon
      388 9 But Australia's low investment in M'sia is a weakness in the relationship AFP AP [SYDNEY] Australia said yesterday it expects to start negotiations with Malaysia in the next few months on a bilateral free trade agreement (FTA) to help boost trade
      AFP; AP  -  388 words
    • Article
      Lock icon M'sian bond rally may end on speculation of rate hike: survey
      408 9 Bloomberg [KUALA LUMPUR] A Malaysian government bond rally that last year gave investors the biggest returns since 2001 may end in 2005 on speculation the central bank will raise interest rates, according to a Bloomberg News survey. Accelerating inflation
      Bloomberg  -  408 words
    • Article
      Lock icon Vietnam finally delivers Malaysian furniture producer greater Latitude
      781 9  -  The company is all set to open its second plant in Vietnam in April By PAULINE NG in Kuala Lumpur LIN Tzu-Keng knew a good thing when he saw one. When the Taiwanese first came to Malaysia in 1988 and saw that
      781 words
    • Article, Illustration
      Lock icon Proton CEO survives coup
      737 9 He thwarts bid to oust him with Dr Mahathir's help Bernama [KUALA LUMPUR] Proton CEO Mahaleel ArifF has survived another coup d'etat at the company within a space of 10 months. His detractors have again lost in the fight to oust him, and the aftermath saw
      Bernama; AFP FILE PHOTO  -  737 words
    • Article
      Lock icon Indonesia to ensure tsunami aid does not fall prey to graft
      244 9 AFP [BANDA ACEH] Indonesia has urged the global community to heighten vigilance to ensure rampant corruption does not swallow billions of dollars of tsunami aid as it promises a March deadline to begin large-scale reconstruction in the ravaged Aceh
      AFP  -  244 words
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      897 9 WiecoWise mm«OX.OinOt LIMITED NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 2006 Annual General Meeting of the shareholders of the Company wW be held at 10 Croee Street Bth Floor Marah A McLennan Centre Singapore *****3 on Monday, 28 February 2005 at 3.00 p.m. to transact the
      897 words
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  • GREATER CHINA/INDIA
    • Article
      Lock icon US groups petition to end Chinese piracy
      548 10 The music, movie and software sectors have called for legal action Reuters Bloomberg [WASHINGTON] US music, movie and software industries called for the first time on Wednesday for the United States to begin legal action against China at the World Trade Organization (WTO)
      Reuters; Bloomberg  -  548 words
    • Article
      Lock icon AXA chasing growth in China, SE-Asia
      322 10 Reuters [MELBOURNE] AXA Asia Pacific won a regional licence to operate in Guangdong province in China, but the group does not expect rapid growth yet in a market that foreign insurers see holding massive potential. The licence is its third in China, alongside licences
      Reuters  -  322 words
    • Article, Illustration
      Lock icon Greetings by SMS all the rage in China
      180 10 AFP [BEIJING] Chinese traditionally go door-to-door to wish their friends and family well over the Chinese New Year, but modernity is fast taking over with text messaging now all the rage. According to Beijing Mobile, it handled more than pne billion outgoing
      AFP; REUTERS  -  180 words
    • Article
      Lock icon Goldman, Citigroup, ABN buy into Indian budget airline
      567 10 Their stock holdings have almost doubled in value since last month's purchase [MUMBAI] Citigroup Inc. Goldman Sachs Group Inc and ABN Amro Holding NV may have almost doubled their money after buying shares in an Indian airline that has been grounded for
      567 words
    • Article, Illustration
      Lock icon China, India to overtake Japan: Deutsche
      405 10 Reuters [FRANKFURT] China and India will be the world's second and third-largest economies by 2020, pushing Japan into fourth place, according to research by Deutsche Bank. The United States will remain the biggest economy. However, India and Malaysia will overtake China to become the
      Reuters  -  405 words
    • Article, Illustration
      Lock icon Donald Tsang plans to leave public office
      352 10 AP [HONG KONG] Donald Tsang, widely regarded as the best candidate to take over as Hong Kong's leader, says he plans to leave public office when his term ends as the territory's No 2 official in 2007, newspapers reported yesterday. Mr Tsang, chief
      AP  -  352 words
    • Article
      Lock icon TCS wins deal to digitise Indian corporate filings
      252 10 [NEW DELHI] The Indian government on Wednesday announced its largest outsourcing deal, to digitise hundreds of thousands of paper-based corporate filings, in New Delhi's most visible step so far to reform its slow-moving bureaucracy, reports the Financial Times. The US$7B million contract
      252 words
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  • FOCUS: US DOLLAR
    • Article, Illustration
      Lock icon Spin-masters work their magic
      1033 11  -  The US dollar has reversed its downward spiral vis a vis the euro and yen while prospects for peace in the Middle East now appear so much rosier. What has changed? By ANTHONY ROWLEY ,^i» r tokyo.-3- WHAT a difference a little time (helped by a
      AFP; REUTERS  -  1,033 words
    • Article, Illustration
      Lock icon Greenspan not optimistic about deficit
      1165 11 Bloomberg [WASHINGTON] Federal Reserve chairman Alan Greenspan, speaking in London last week, put the best face he could on the outlook for the burgeoning US current account deficit. Currency markets, perhaps misled by the seemingly hopeful tone of Mr Greenspan's remarks, responded by bidding up
      Bloomberg; AFP  -  1,165 words
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  • ASIA-PACIFIC/WORLD
    • Article, Illustration
      Lock icon On course for a collision in NE Asia
      808 12  -  ASIA INSIGHT Japan and China are playing a dangerous diplomatic game which will do neither economic superpower any good ANTHONY ROWLEY Tokyo Correspondent JAPAN and China increasingly resemble two gigantic ocean liners that are on a collision course with the captain of
      808 words
    • Article, Illustration
      Lock icon SMFG considers merger with Daiwa Securities
      598 12 It would create a banking group with US$1.07t in assets Reuters [TOKYO] Sumitomo Mitsui Financial Group (SMFG) is considering a merger with Daiwa Securities Group to create a Japanese financial conglomerate with assets of more than US$l trillion, financial sources said yesterday. The sources
      Reuters; REUTERS  -  598 words
    • Article
      Lock icon San Miguel buys King's Creameries
      303 12  -  It pays $8.2m for 76% stake in major ice-cream maker By AL ABITA in Manila [MANILA] Listed Philippine conglomerate San Miguel Corp (SMC) is acquiring a Singapore company as part of its bid to become a key player in the Asia-Pacific region's food-and-beverage industry. It
      303 words
    • Article, Illustration
      Lock icon Watanabe succeeds Cho as Toyota president
      583 12 NYT [TOKYO] Toyota Motor, the world's most profitable carmaker, reshuffled its top management yesterday as it faces a challenge Detroit would envy: how to keep a good thing going. Katsuaki Watanabe, a 40-year Toyota veteran, was appointed president yesterday, succeeding Fujio Cho, who led
      NYT; REUTERS  -  583 words
    • Article
      Lock icon Super-sized Pfizer faces shrinking prospects with generics competition, job cuts
      590 12 Reuters [NEW YORK] Pfizer Inc has grown into the world's largest drug company by gobbling up rivals, but a 40 per cent decline in its share price over the last five years and expectations of job cuts are undermining its
      Reuters  -  590 words
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  • WORLD
    • Article, Illustration
      Lock icon Daimler's Q4 net income dives 63%
      588 13 Earnings fell to 526m euros as Mercedes Benz profits plunged Bloomberg [FRANKFURT] DaimlerChrysler, the world's largest maker of luxury cars, said fourth-quarter earnings fell 63 per cent and predicted two "weak" quarters as profit collapsed at the Mercedes-Benz brand. Net income declined to 526
      Bloomberg; AFP  -  588 words
    • Article
      Lock icon Crash likely for US private equity market: Calpers
      448 13 Reuters Bloomberg [GENEVA] The booming US private equity market could be heading for a crash as interest rates rise and hedge funds, desperately seeking higher returns, pour money into the sector, the chief investment officer for the biggest pension fund in the
      Reuters; Bloomberg  -  448 words
    • Article
      Lock icon Unilever abandons dual-chairman structure
      267 13 Bloomberg [LONDON] Unilever abandoned its 7 5-year-old dualchairman structure, naming Patrick Cescau chief executive. The company also reported its first quarterly loss since 2000 and cut sales forecasts. Antony Burgmans, who was sharing the chairmanship with Mr Cescau at the world's third-largest maker of food products,
      Bloomberg  -  267 words
    • WORLD WATCH
      • Article
        Lock icon UK leaves rates unchanged
        90 13 AFP [LONDON] The Bank of England left interest rates unchanged at 4.75 per cent yesterday for the sixth month in a row, despite evidence that Britain's economy was gaining strength. The decision by the central bank's nine-member monetary policy committee was widely expected in the wake
        AFP  -  90 words
      • Article
        Lock icon Telstra profits up slightly
        104 13 AP [SYDNEY] Australian telecommunications giant Telstra yesterday posted a slight increase in net profits to A 52.3 billion (552.96 billion) for the six months ending on Dec 31, 2004, but offered no change to predictions about full year earnings. The profit marks a 1.9 per cent
        AP  -  104 words
      • Article
        Lock icon Arab Bank may quit US
        81 13 Reuters [AMMAN] Arab Bank, one of the Middle East's largest, may quit the United States owing to an increasingly awkward climate exemplified by recent lawsuits from victims of Palestinian violence, a source at the bank said on Wednesday. The Palestinian-managed bank, which has branches in
        Reuters  -  81 words
      • Article
        Lock icon Deutsche Bank gets flak
        72 13 Reuters [BERLIN] Leading members of Germany's ruling Social Democrats and Greens have criticised Deutsche Bank over its planned jobs cut. one even calling for Germans to boycott the country's largest bank. The bank has enraged centre-left politicians with its plans to axe almost 2,000 staff in
        Reuters  -  72 words
    • Article
      Lock icon SEC chief sees some modest changes
      528 13 But no dilution of regulatory measures, he says NYT [WASHINGTON] William H Donaldson, chairman of the Securities and Exchange Commission (SEC), predicted on Wednesday that the commission would consider making modest changes to some major regulations adopted after a wave of corporate scandals. Under
      NYT  -  528 words
    • Article
      Lock icon Euronext squares up to Deutsche Boerse with LSE bid
      296 13 Reuters [PARIS/LONDON] Euronext squared up to Deutsche Boerse in their US$2.5 billion battle for the London Stock Exchange (LSE) on Wednesday, saying its planned cash bid would wring twice as many benefits as that of its German rival. The winner would
      Reuters  -  296 words
    • Article, Illustration
      Lock icon Prince Charles to wed Camilla
      278 13 Reuters [LONDON] British heir to the throne Prince Charles announced yesterday he will marry long-time lover Camilla Parker Bowles, the woman blamed for destroying his "fairytale" marriage to the late Princess Diana. Aware of public misgivings over his lover, Prince Charles ruled out Camilla becoming
      Reuters; AP  -  278 words
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  • AVIATION
    • Article, Illustration
      Lock icon Asia-Pacific airlines set for strong 2005
      712 14  -  Analysts expect earnings to be robust despite high fuel costs By VEN SREENIVASAN ASIA-PACIFIC airlines look set to chalk up good earnings this year, despite stubbornly high fuel costs and competitive pressure on yields. But the earnings will not match the highs of 2004,
      FILE PHOTO  -  712 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      1951 14 CITY HJSMT ITA HJWH HP SK973 1X0 Darwin AF8087 1855 MI288 1400 AdataMa AF8087 1855 LH9770 2245 BA ™>! Jf" BA7381 1855 SQ229 2245 Q* 81 1855 QfBI 1855 Daihi SQ407 0440 IC856 1145 SQ461 1420 SQ462 0220 f* 55 1015 AW81 1355 A««U«tom SQ323 0645
      1,951 words
    • Article
      Lock icon India to seek airport bids soon
      384 14 Final offers will be invited for stakes in Mumbai, New Delhi airports this month Bloomberg [NEW DELHI] India will invite final bids from companies this month for a stake in the Mumbai and New Delhi airports, the country's two biggest, as part of efforts
      Bloomberg  -  384 words
    • Article
      Lock icon Airbus sees 100 firm orders for A350 this yr
      180 14 AFP [TOKYO] Airbus forecast on Wednesday it would see 100 firm orders or commitments by the end of the year for its new A 350, with 30 to 40 of them coming from the growing Chinese market. John Leahy, the European
      AFP  -  180 words
    • Article, Illustration
      Lock icon Int'l aviation firms urged to outsource work to India
      597 14 INDIAN AIR SHOW AFP [BANGALORE] India's defence minister on Wednesday called on global aviation firms to outsource work to the country to take advantage of low wage, highly-skilled workers in the country. "With the high degree of skill and relatively low
      AFP; REUTERS  -  597 words
    • Article
      Lock icon Boeing wins Royal Airways order for 10 737-800s
      523 14 Bloomberg [NEW DELHI] Boeing Co, the world's second-biggest maker of commercial planes, won an order worth US$63O million for 10 737-800 models from Royal Airways Ltd, an Indian airline seeking to resume operations after being grounded for eight years. The deal also
      Bloomberg  -  523 words
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  • SHIPPING
    • Article, Illustration
      Lock icon Mitsui OSK, Kawasaki Kisen double Q3 profit
      509 15 Earnings increase as demand for manufactured goods from China hikes freight rates Bloomberg [TOKYO] Mitsui OSK Lines Ltd and Kawasaki Kisen Kaisha Ltd, Japan's second and third-largest shipping lines, said profit doubled in the third quarter as demand for exports from China pushed
      Bloomberg; FILE PHOTO  -  509 words
    • Article
      Lock icon Carnival Cruise Lines sees record numbers this year
      248 15 Reuters [NEW YORK] Carnival Cruise Lines, the largest brand under Carnival Corp, on Monday said it will carry a record number of passengers on an unprecedented number of cruises in 2005, fuelled by growing demand for cruise travel. Carnival, the largest cruise
      Reuters  -  248 words
    • Article
      Lock icon Pirates attack tanker in S'pore Strait
      339 15 Incident is one of seven reported globally last week [SINGAPORE] Ten masked pirates armed with guns and long knives boarded a chemical tanker underway in the Singapore Strait last Wednesday. The International Maritime Bureau's (1MB) latest weekly piracy report says the attack occurred in
      339 words
    • Article
      Lock icon TRANSPORT STOCKS
      286 15 sgx 'ooo Nbl St W- Vol CH Offshore 0.40 0.02 2839 ChuanHup.. 0.76 0.04 ***** Cosco Corporation 1.29 -0.01 1456 CWT Distribution. 0.70 unch 0 Ezra Hldgs 1.07 -0.01 132 Freight Links 0.10 0.01 5188 Grand Banks Yacht 1.02 unch 0 Jaya Holdings 1.07 04)1 91 K1 Venture
      286 words
    • Article, Illustration
      Lock icon MELTING ICE
      56 15 [SIBERIA. Russia] A general view shows boats covered with snow on the banks of the Yenisei River. 47 kilometres south of Russia's Siberian city of Krasnoyarsk, on Wednesday. The Yenisei River in Krasnoyarsk is not covered with ice throughout the whole winter due to the warming effect of
      REUTERS  -  56 words
    • PORT SHOTS
      • Article
        Lock icon Chopper crashes into S'pore cargo ship
        82 15 AP [BEUING] A helicopter hired by the Shanghai port authority crashed into a Singaporean cargo ship in the Yangtze River yesterday, killing at least one passenger, the government said. Four people were aboard the MD922 helicopter when it crashed while on a flight to
        AP  -  82 words
      • Article
        Lock icon Frontline sells shares in Golden Ocean
        63 15 Bloomberg [LONDON] Frontline Ltd. the world's biggest oil-tanker company, sold almost all of its shares in Golden Ocean Group Ltd, a dry-bulk shipowner it spun off last year, for 100.4 million kroner (5525.2 million) as freight rates fell. Bermuda-based Frontline last week sold 23.9
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    • Article
      Lock icon Philippines deemed more suitable for trial
      859 15  -  ADMIRALTY CASEBOOK By SELVA KUMAR A FILIPINO marine engineer, who joined a Hong Kongflagged vessel in Singapore and later transited Singapore on his way home for treatment after a shipboard accident, has lost an appeal to have his injury compensation trial in Singapore. Last
      859 words
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  • EDITORIAL & OPINION
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      Lock icon ADB's bold new agenda
      547 16 EDITORIAL IN his first day in office, Haruhiko Kuroda, the newly-ap-pointed president of the Asian Development Bank, laid out a bold agenda for the institution. How much of this survives beyond his critical "first one hundred days" depends to some extent upon his own determination and
      547 words
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      Lock icon Open-source practices for biotechnology
      1030 16  -  A method to create genetically modified crops that does not infringe on patents has arrived By ANDREW POLLACK NYT THE open-source movement, which has encouraged legions of programmers around the world to improve continually upon software like the Linux operating system, may be spreading to biotechnology.
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      Lock icon Cut benefits for retirees in the US before it gets too late
      774 16  -  THE BOTTOM LINE ROBERT SAMUELSON The Washington Post Writers Group I AM 59 and the US Congress should cut my future Social Security and Medicare benefits. The same goes for people 58, 48 and even 68. Plenty of
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      Lock icon Exec pay process due for revamp
      1071 17  -  Compensation committees need to engage impartial consultants who will act in the interests of the shareholders By GRAEF CRYSTAL Bloomberg THE Webb Report on Dick Grasso's compensation is out, and it shows how dysfunctional a board compensation committee can be. Above all, it shows
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      Lock icon The Asian Century has arrived, concludes US intelligence
      1447 17  -  By LEON HADAR American intelligence operators and analysts have been the focus of a lot of criticism on Capitol Hill and the media for their failure to uncover the 9/11 terrorist plot as well as for their presumption that Saddam Hussein's Iraq
      REUTERS, AFP  -  1,447 words
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  • Article
    Lock icon FINANCE & COMMODITIES
    5683 18 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES hi loot am In It la ini l»y %r %&f %y> %&r Xyr F«b 9 lnd«» Chang* Cfnng« Onfl* Qi«og» Ofnaa Ol*r«9» World index Preliminary 856.7 -03 03 -43 -0l5 -OJ -14 IEAFE Preliminary 793.9 41 24 0.1 4L7 Oil -1.7 Europe Preliminary
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      782 20 soass* WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AMD WESTERN ICQ POINTS VESSfI VOT SM PJQAN6 COMMO N. SHIVA COLOMBO wpmsAMDHi noww iii" ie fa "13 m ~m hfb IAJftfGAWWM OOWW 14 FB U Ft! It FB 23 FE» 25 FE> J&UBBfif JOB m QUI PAOfICqUEST OOOjW aa_
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      1070 21 WjKAjf WALLENIUS WILHELMSEN website: http://www.2wglobal.com VKSa YQY I RAMP I HEIGHT I SIN IK j»A0~ HOU# IU SIV Ml Oil NT( WW MOI TAMERLANE AFSO4 3201 MS 6.4 M I 16/02 10/03 20/03 27/03 21/03 02/04 31/03 04/04 24/03 TAIKO AESOS 4201 MS I 6.4 M I 03/03 26/03 OS/04
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      491 21 BSA -L MYANMA HQ FIVE STAR UNE (Mvommt National Line) Loading for Yaagoa vcssa vor sw pki pen pgu PAGAN 341W SUI HPA-AN 330W SU) IN MALAYSIA: lOUSHAD SHIPPING AGENCIES KUI/PKL 03-300MJM PEN: 04-*****1S ACCEPTING CONVENTIONAL CSO HKG SIN HKG SM PGU PKI KIK MAS INI VICTOR 17 SU) SU)
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  • THE BUSINESS TIMES SHIPPING TIMES
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      Lock icon THE BUSINESS TIMES SHIPPING GUIDE EXPORT
      5215 23 This ETA EU AitortlMr VtsMl Voyage Tefcphon* ETA ETA AdvwtiMr VmmI Voyagt Telephone SIM Dmrfn Dm Nmm Number number SIN Oest n Nam* Nam. HmSm tSSm ***** 27/02 War Hat WAN HAI216 N149 *****S88 O ABDJAN ;A8J) 2003 Cote D'I voire ***** 28/02 Sinokor
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  • MUSIC/ARTS
    • Article, Illustration
      Lock icon Memorable stuff from kd lang
      401 24  -  The Canadian singer had the audience eating out of her hand last week, says PARVATHI NAYAR PARVATHI NAYAR YOU tend to remember a concert as being fantastic when it had flow, energy, style, hit a peak but also when it generated an "it" moment. That
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      Lock icon Erasure soars once again with Nightbird
      537 24  -  By KANNAN CHANDRAN DESPITE a long absence from the spotlight, Vince Clarke and Andy Bell haven't lost the ingredients needed to make a hit. The synth-pop duo. better known as Erasure, has recently released Breathe the first single from thennew album, and it's filled
      537 words
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      Lock icon Chinese orchestra music goes global
      583 24  -  By DAWN ENG SIM CHINESE music is not what it used to be in the past 80 years or so, since the introduction of Western music in newly set-up conservatories in Beijing and Shanghai in the *****. Western compositional techniques first appeared in the works
      ZAOBAO FILE PHOTO  -  583 words
  • Page 24 Advertisements
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      244 24 Where to wine, dine and entertain,.. b- A World offadnsive Privileges Treats EH V teFvet* wtjr af Cafe Plaza Romantic Momentts This VALENmNES Day 14 Februaiy, $98 per couple Be seduced by the exquisite tastes of our 4-course romantic candllelight set dinner this Valentine's Day. Served with Champagne, relish Seafood
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      93 24 1 MERITUS MANDARIN SINGAPORE I >.7 v*. f v i I*- e tfTV In the Mootl for Love... Top of the 'M' Revolving Restaurant Set Dinner (13 Feb) $138* perpenon Set Dinner (14 Feb) $168* perpenon Triple 3 t The Buffet Restaurant Buffet Dinner (14 Feb) $86* adult $50* child
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  • Page 24 Miscellaneous
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      204 24 CRYPTIC CROSSWORD 11 Defeat counter movement Income tax returns (7) 22 Account for someone's life "TIB"™LX— X~ 23 Slide cover behind helmet jSft fit Ug DOWN 1 Headgear that s out-of-date 14 Always cross inside or outside YESTERDAY'S SOLUTION J torrw7Pr? (K\ r Across: 6 Short and sweet, 8 Sei
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  • PURSUITS/CINEMA
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      Lock icon One hell of a cheesy but fun cinematic ride
      537 25  -  The film is redeemed by coffin humour, says PARVATHI NAYAR PARVATHI NAYAR YOU couldn't have missed Constantine's entry into town, blurbed on TV, radio and press. All that was missing or perhaps I missed seeing was doomsday sandwich boards. These would,
      537 words
    • Article
      Lock icon Not worth going on this trip
      362 25  -  By GEOFFREY EU IN theory, a lighter-than-air action comedy flick featuring a slew of Asian cross-cultural filmmaking talents seems like a pretty good excuse for indulging in some stylish and audi-ence-pleasing cinematic fluff. Unfortunately, Seoul Raiders is a major disappointment that fails spectacularly on
      362 words
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      Lock icon Hardly a match made in heaven
      655 25  -  By JAIME EE GIVE the audience what it wants this seems to be the mantra of Jack Neo whose affinity with Singapore's heartlanders has made him the country's most successful and prolific filmmaker. But whether in-your-face product placement and a sloppy script are what
      FILE PHOTO  -  655 words
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      Lock icon Groove to the beats at Clarke Quay
      586 25  -  By PEPPER LEE CLARKE Quay may be bustling with its rows of watering holes but just a stone's throw away is LA Dance Connection (LADC), nestled in a quiet corner of New Bridge Road, providing the real heartbeat of the area, literally. You
      586 words
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      53 25 THE TAITTINGER MOMENT AT GRAND HYATT. NINE exciting dining experiences in a single venue. ONE excellent name in luxury winemaking. Discover the distinctive taste of Champagne TAITTINGER at mezza9 Sunday Brunch, For please Exclusive Distributor 10 Scotts Road Singapore *****1 TELEPHONE 6738 1234 FACSIMILE 6732 1696 Qto^cao* singapore.grand.hyatt.com O 2005
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  • executive lifestyle
    • Article, Illustration
      Lock icon GENDER GAME
      1248 26  -  With Valentine's Day round the corner, PARVATHI NAYAR looks at the latest trends in choosing the right mate PARVATHI NAYAR /m OR this was Seynt Jf I Valentine's Day when every foul Lgm cometh ther to choose his mate." So said Chaucer in his Parlement of Foules. Cross-spe-cies
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      Lock icon Alarming figures
      356 26  -  Compiled by PEPPER LEE FIGURES from the Singapore Department of Statistics reveal that overall number of registered marriages has decreased by around 8.3 per cent in the past decade. Both men and women are getting married later. The mean age for first marriages has increased from 28.7 to
      356 words
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