The Business Times, 21 February 2005
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2005-02-21
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The Business Times
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Title Section14 2005-02-21 1 THE BUSINESS TIMES SlNGApOkfoi cents >nline at http://business-times.asial.com.sg MICA (P) 023/03/2004 Monday, February 21,200514 words
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Article, Illustration937 2005-02-21 1 KALPANA RASHIWALA - BT exclusive New CEO orders research, reviews product range By KALPANA RASHIWALA [SINGAPORE] Robinson's new chief executive John Cheston says loyal Robinsons customers have been telling him they are fatigued by its many sales and Expo warehouse events. There's just too much discounting andARTHUR LEE - 937 words
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681 2005-02-21 1 ANDREW MARKS - After Friday's PPI report, focus is on this week's CPI data By ANDREW MARKS in New York US STOCKS may have had their three-week winning streak broken, but analysts ended the week hopeful for the equity market's prospects in the coming week because of681 words
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Article133 2005-02-21 1 MARKETS Week Chge STI .2,168.86 +19.26 KLSECOMP 907.75 -7.16 NIKKEI 225 11,660.12 ....+106.56 HANG SENG 14,087.87 ....+242.24 SET INDEX 737.50 +11.30 JAKARTA COMP ..1,092.49 +46.62 MANILA COMP ...2,085.93 +24.45 TAIPEI TAIEX 6115.43 SEOUL COMP 984.10 +36.87 SHENZHEN B 245.64 AUSTALLORD ....4,151.70 -9.00 DOW JONES 10,785.22 -10.79 NASDAQ 2,058.62133 words
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Article48 2005-02-21 1 TOP STORIES ...PG 2,3 COMPANIES... PG 5,7 MARKETS PG 6,8 SINGAPORE PG 9 DINING OUT PG 10 ECONOMY PG 11 M'SIA/INDON.. PG 13 CHINA PG 14 INDIA PG 14 ASIA-PAC PG 15 WORLD PG 15,16 AVIATION PG 17 SHIPPING PG 18 STOCKS PG 19,20 BIZIT PG 26-2848 words
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Page 1 Advertisements
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Advertisement42 2005-02-21 1 YOUNG INVESTORS' FORUM 1 L Career choices in financial markets pg 12 BT ONLINE For the latest financial news, currency movements and a 7-day archive, visit business-times.asial .com.sg This service is available to subscribers from 4am Singapore time (2000 GMT) each day.42 words
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Advertisement13 2005-02-21 1 CORPORATE EARNINGS S'pore companies put up strong showing PG7 ma 8 *****1 *****413 words
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Advertisement176 2005-02-21 1 VIEWS FROM THE TOP Does quarterly reporting realty benefit companies and shareholders? PG4 H |H BizlT Seagate's big push for small drives PG26 JgW I I Aa| Rabobank is the only privately owned With presence in 34 countries and 236 offices, AAA-rated financial institution, with over Rabobank offers a range176 words
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TOP STORIES
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522 2005-02-21 2 RONNIE LIM - They will have to confirm by mid-year to meet 2009 operational deadlines By RONNIE LIM [SINGAPORE] Officials from top engineering and construction companies have been filing in and out of the Hague and Houston offices of Shell and ExxonMobil to discuss technologies522 words
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Article, Illustration1101 2005-02-21 2 KALPANA RASHIWALA - New CEO will also examine John Little format and review every outlet here BT exclusive By KALPANA RASHIWALA [SINGAPORE] Robinson hopes to expand overseas, taking its flagship Robinsons banner to Kuala Lumpur but not before it puts in one yearARTHUR LEE - 1,101 words
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Article505 2005-02-21 2 Move to boost Islamic banking on right track MALAYSIAN bankers view Singapore's attempts to develop syariah banking with ambivalence. Malaysia may applaud the steps taken by Singapore to further promote Islamic banking, but bankers must also be viewing its progress with some trepidation. TOP STORIES, PG3 Behind Chuan505 words
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Page 2 Advertisements
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Advertisement270 2005-02-21 2 Southern CUBA fjjfP Illinois EMDA Internationally Accredited by AACSB and North Central Association of Colleges Schools, USA UrSSy. USA Best Value American MBA (Edupoll Singapore 2005 MBA Citations) Ranked amongst the top 25% of business schools in America! A Carnegie Doctoral Research Extensive University f\ i Info Reunion with Rlchord270 words
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BUDGET 05: REACTIONS
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665 2005-02-21 3 PAULINE NG - Islamic bankers in Malaysia see competition hotting up ahead By PAULINE NG in Kuala Lumpur MALAYSIAN bankers are viewing Singapore's attempts to develop syariah banking with much ambivalence. Malaysia, where Muslims form a majority of its people, may applaud the steps665 words
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404 2005-02-21 3 RONNIE LIM - By RONNIE LIM [SINGAPORE] Oil brokers have welcomed the government's move to enhance the Commodity Derivative Trading (CDT) scheme, entitling them and other commodity brokers to a concessionary 5 per cent tax on income from exchangetraded commodity derivatives. But they said404 words
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Article, Illustration254 2005-02-21 3 NANDE KHIN - By NANDE KHIN (SINGAPORE] Minister for National Development Mah Bow Tan yesterday said HDB retailers face unique problems which need to be tackled separately. And he will be addressing this issue in the Committee of Supply debate in Parliament. "It is a recognition thatZAOBAO - 254 words
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Page 3 Advertisements
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Advertisement149 2005-02-21 3 SECURITY AT AIRPORTS WILL SOON BE UNPRECEDENTED, MUCH TO THE RELIEF OF THE 1,800,000,000 PASSENGERS WHO TRAVELLED LAST YEAR. With the NEC Fingerprint Identification System, airports everywhere will be more secure than ever. An evaluation by National Institute of Standards and Technology, on behalf of the U.S. Department of Justice,149 words
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VIEWS FROM THE TOP
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Article, Illustration1198 2005-02-21 4 THIS WEEK'S TOPIC Does quarterly reporting really benefit companies and shareholders? SNP began quarterly reporting in 2001, before the Singapore Exchange made it compulsory. We did it because we saw it as a way to improve our investor relations. Through quarterly reporting we are able to give more1,198 words
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Page 4 Advertisements
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Advertisement21 2005-02-21 4 HAVE YOUR SAY What do you think of the opinions expressed in these pages? Share your views by writing to btletter@sph.com.sg21 words
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COMPANY NEWS
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Article581 2005-02-21 5 R SIVANITHY - HOCK LOCK SIEW By R SIVANITHY AS recently as December, brokers rated mobile phone servicer Accord Customer Care Solutions (ACCS) a resounding "buy", with 12-month price targets as high as $1.34. On Friday, ACCS shares crashed to as low as 48 cents on news581 words
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675 2005-02-21 5 S JAYASANKARAN - CORPORATE ANALYSIS Chuan Hup's assets will give it an edge in the industry, says S JAYASANKARAN S JAYASANKARAN TO understand the fuss over the acquisition of Chuan Hup's assets, one has to rewind. Back to July 2002 when Malaysia hit675 words
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Article949 2005-02-21 7 12 months ended Dec 31,2004 DBS Grp 2018.0 1025.0 96.9 4928.0 4198.0 17.4 134.00 68.00 97.1 NOL 1540.4 700.7 119.8 *****.1 9(03.9 ia5 106.98 57*8 84.8 SembCorpLog 1171.0 90.6 1192.4 769.3 465.5 65.3 136.70 10.60 1189.6 OCBC 1162.4 954.1 21 2643.1 2193.0 20.5 86*0 72.00 194 JaidineC&C949 words
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523 2005-02-21 7 TEH HOOI LING - Earnings figure surges 102% from year before By TEH HOOI LING LAST week was the big one, when it comes to earnings reporting. Two of the big three banks, DBS and OCBC, which account for just over 20 per cent in523 words
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Article278 2005-02-21 7 NANDE KHIN - By NANDE KHIN BEST World International on Saturday reported sterling maiden results for the fullyear ended Dec 31, 2004. It said it will reward shareholders with a dividend payout as well as a bonus issue, subject to approval from the Singapore Exchange. Net profit surged278 words
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Page 5 Advertisements
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Advertisement57 2005-02-21 5 Making Money IN any ECONOMY K9|| FREE PUBLIC TALK AUTHOR OF "The Diamond Cutter 2005, 7pm 9.30pm M *l h I I r y 125 Y69VS I Ower 400 locations Worldwide j Ask us about Corporate, Individual or Group Instruction. J m Call Berlitz today 6733-7472 or visit www.berlitz.com 50157 words
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Advertisement121 2005-02-21 5 v ?i. ::-v vv'-Y 1 V W. 1 'V 4 A business stayat the strictly business. It s about networking. When you stay with us on business, you can expect you don't expect that makes a stay at the Parkroyal broadband, butler services, exquisite restaurants and distinctive, like a bar121 words
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SINGAPORE MARKETS
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Article, Illustration679 2005-02-21 6 R SIVANITHY - STOCKS R SIVANITHY Senior Correspondent WALL Street is closed on Monday for President's Day, so the local market won't get any guidance from that front until Wednesday at the earliest. Not that it needs much outside help, judging by the relative performance ofFILE PHOTO - 679 words
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298 2005-02-21 6 CURRENCIES AFP [HONG KONG] The yen eased against the US dollar last week as investors reacted to Japanese economic indicators, while the Australian dollar gained after dipping on indications that interests rates could rise. Japanese yen: The yen stood at 105.45 to the dollarAFP - 298 words
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Article54 2005-02-21 6 Investor events to watch out for Ssangyong changed name to EnGro Corp, Feb 21 Transview, AGM, Feb 25 China Flex, AGM, Feb 28 Thomson Medical, AGM, Feb 28 Thai Village's dividend payment Feb 25 Cerebos Pac's dividend payment, Feb 28 Capitamall Trust's dividend payment, Feb 28 Fortune REIT's54 words
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Article729 2005-02-21 6 Pajrnmt Ex Mi h» Hem Ex Rooks Ny i£fil 4f daee date Aberdeen UK 10p o UK2 12-Jan 17-Jw 2>f«b Micro-Mechanics 10c w 1.00 IS-Feb 23-Feb 03-Mar Amtek Er>gg20c I 2J0 01-M«f 044tor 16-Mn MCHLUSSc F 1.00 21-Mar 11-May fllwliiii2Jc MP w* mn N*nLee10c F 07-F«b 14-F* 22-F«b729 words
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Article, Illustration1461 2005-02-21 6 The stock recommendation is the average of all the recom- Number forecast Median mendations submitted by analysts following the stock. There recommendation of en re Tra* is a total of 29 brokers submitting recommendations but not COMPANY This Weefc/I art Wrtlr Estimates (S) (times) every stock is followed1,461 words
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Article, Illustration1117 2005-02-21 8 TEH HOOI LING - TEH HOOI LING Senior ConesDondent Money continues to seek out quality, as far as the stock market was concerned last week. Perhaps investors were unnerved by a few developments last week. Among them are the earnings disappointments of market favourites Ike Fu Yu and1,117 words
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Article, Illustration1150 2005-02-21 8 ROBERT HALILI - INSIDE MARKETS Buyers outnumber sellers with 19 acquisitions in 11 companies worth $2.1 million, reports ROBERT HALILI ROBERT HALILI TRADING remained light following the Chinese New Year with only 26 transactions worth $2.4 million based on filings to the Singapore Exchange from Feb 14FILE PHOTO - 1,150 words
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Page 7 Advertisements
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Advertisement287 2005-02-21 7 Good Times Fly RD ft/. Save up to WwjfO on ANA Economy Class when you fly HH Ma Mmte laois I Business Class Economy Pass I ff. Beijing fr. 5J3.770 fr.552.160 Ml ■J l Shanghai fr. 553,770 fr. 552,160 s ""WlMMlihiMaiM»»»- I rfj 7% Taipei fr.5J3.670 fr.551,660 •|V I si287 words
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SINGAPORE NEWS
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Article329 2005-02-21 9 DATE/ TIME EVENT VENUE 21-22 Feb Conference on Lab Design Grand Copthorne Wa8am Management Asia 2005 terfront Hotel 21-23 Feb Project Management Insti- Swissotel The Stam7.30am tute Global Congress 2005 ford for the Asia Pacific Region 22 Feb Conference on Islamic Shangri-La Hotel 9am Banking in Singapore 22329 words
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Article, Illustration469 2005-02-21 9 LIZA LIN - In order to compete within the region, S'pore has to create its own properties By LIZA LIN THE animation industry in Singapore is going places in the next decade, and to succeed, we need to create our own intellectual property. Nickson Fong, director of EggFILE PHOTO - 469 words
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326 2005-02-21 9 DANIEL BUENAS - By DANIEL BUENAS SENIOR Minister Goh Chok Tong left for Saudi Arabia yesterday on a six-day official visit, the first time in around two decades that a senior Singapore leader has visited the Kingdom. Mr Goh will be accompanied by Minister326 words
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Page 9 Advertisements
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Advertisement353 2005-02-21 9 -ggjl 4 4 SINGAPORE CHINESE CHAMBER INSTITUTE OF •ii wppif Certificate in Transportation Logistics Management Programme Content Introduction to Shipping and Logistics Management Essentials of Warehousing and Materials Handling Basic Materials and Inventory Management Trade and Shipping Practices Course Schedule Date 14 April -15 September 2005 (Twice a week) Time353 words
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Advertisement309 2005-02-21 9 The Business Times "How To Brand Tell Your. IPO Story" Thinking of listing fFriday, 11 March 2005 Is your company ready for an IPO? t tM J^ How to get media attention I venue: Find out from our panel of M J distinguished speakers. m Singapore M 'HL (80 Middle309 words
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DINING OUT
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Good value Japanese cuisine
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Chapter1179 2005-02-21 10 Craving Japanese food? We take a look at some of the new eateries in and around town. But for surrounding office folk who want a quick meal, bento sets can be had for $15 and up we didn't try any but the portions looked very decent. If you're in the1,179 words
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Page 10 Advertisements
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Advertisement119 2005-02-21 10 Theres no need to sacrifice a good meal in the lunch hour rush. Marina Bistro offers a 3-course Western Set Lunch with a wide choice for starters, main dishes and desserts for you to pick from. Only at $18.80 per set for lunch only Available in February Call 6869 2299119 words
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Advertisement53 2005-02-21 10 Raffles Country Club Shan Shui Palace Celebrate the New Year with our Delectable Yushen! Lunar New Year Set Menu From $338++ per Table (10 persons) 30% Discount for Dinner on all set menu A-la carte Menu Raffles Country Club [Ej^ xit4l l iTI i Jrnnj Tiger Brewery 450, Jalan Ahmad53 words
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Advertisement12 2005-02-21 10 UiuLUBUUUUU foofaud*, Ivwl 4, aboM» langiin MoN. Rssorvations recommended. Id: 6831 4373.12 words
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Advertisement33 2005-02-21 10 MERITUS MANDARIN SINGAPORE T Reservations: 6831 6262/66 MERITUS MANDARIN SINGAPORE A division of Overseas Union Enterprise Limited (Company Registration N0.*****0050E) 333 Orchard Road, Singapore *****7. Tel: +65 6737 4411. Fax: +65 6732 2361.33 words
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ECONOMY WATCH
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635 2005-02-21 11 Friday's inflation data causes debate to resume on what next move will be Reuters [CHICAGO] Friday's surprising wholesale inflation data restarted a debate on whether the Federal Reserve will make larger rate increases at some point in 2005 after almost a yearReuters - 635 words
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421 2005-02-21 11 Reuters [FRANKFURT] With growth patchy, the European Central Bank (ECB) is ready to hold interest rates low a while longer, even as it keeps a wary eye on inflationary risks from cheap money, ECB policymakers said on Friday. In a series ofReuters - 421 words
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Article, Illustration666 2005-02-21 11 Bloomberg [BEIJING] Foreign direct investment in China rose 10.7 per cent last month from a year earlier as companies such as Wal-Mart Stores Inc and Coca-Cola Co expanded to tap demand in the world' 9 fastest-growing major economy. Investment increasedBloomberg; REUTERS - 666 words
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230 2005-02-21 11 AFP [NEW DELHI] Britain has invited India for a summit of the Group of Seven nations and Russia, to be held in Scotland in July, a report said on Saturday. The meeting is to be held from July 6 to 8. Along withAFP - 230 words
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503 2005-02-21 11 It reflects China's increasing role in the energy arena Reuters [HOUSTON] They just can't stop talking about China in the quintessential Texas oiltown of Houston. A large gathering of energy executives in the country's energy capital started off this week to the sound of ScottishReuters - 503 words
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270 2005-02-21 11 AFP [TOKYO] Japan's economy will pick up again late this year on firm exports and recovering consumption, Finance Minister Sadakazu Tanigaki said yesterday after official figures last week showed Japan was in recession for most of 2004. "I think the economy willAFP - 270 words
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195 2005-02-21 11 Xinhua [HONG KONG] If the economic situation allows, the Hong Kong Special Administrative Region (HKSAR) government will not raise taxes in the March 16 budget, Financial Secretary Henry Tang said Saturday. Mr Tang made the remarks while attending a budget forumXinhua - 195 words
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BT-CITIBANK YOUNG INVESTORS' FORUM
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Article, Illustration835 2005-02-21 12 Daniel Buenas - By Daniel Buenas SINGAPORE is the world's fourth largest foreign exchange centre- the fastest growing financial futures market and a major centre for fund management As a key international financial centre there are tots of choices in Singapore for those who want to makeJACQUELINE PHUA - 835 words
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Article, Illustration651 2005-02-21 12 KELVIN SAM - CAMPUS LIFE The winners share their strategies in the SGX-NTU Financial Futures Trading Game with KELVIN SAM KELVIN SAM THE frantic gesturing, frenzied shouting and the nervous tension of trading was over. The dust had settled. The victors had emerged. Jana Er Wei Hui, Leonard Eng651 words
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Page 12 Advertisements
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Advertisement249 2005-02-21 12 Be smart with your finances FANCY becoming the next Warren Buffett or George Soros? Or even the famous Robert Kiyosaki? Then read on. The Young Investors' Forum, part of the BT-Citibank Tertiary Outreach Programme, isn't another dry page out of your financial textbook. To complement our editorial content, we have249 words
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MALAYSIA
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Article, Illustration611 2005-02-21 13 S JAYASANKARAN - MALAYSIA INSIGHT Abdullah is reining in govt spending to check excesses S JAYASANKARAN KL Correspondent THERE is some muttering in Malaysia's business circles that's disturbing to say the least. This school of discontent has it that Prime Minister Abdullah Ahmad Badawi's economic policies are611 words
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Article, Illustration338 2005-02-21 13 Bernama [WASHINGTON] The USMalaysia Free Trade Agreement (FTA) talks are unlikely to begin this year as the two countries have only begun formal discussions on the Trade and Investment Framework Agreement (TIFA) earlier this month, a business analyst said here on Friday. "TIFA isBernama; FILE PHOTO - 338 words
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228 2005-02-21 13 [KUALA LUMPUR] Giant Dutch agriculture financial institution, Rabo Bank, is exploring the possibility of setting up operations in Malaysia, says a report in the Malaysian Business Times. The paper quoted Netherlands Economic Affairs Minister Laurens Jan Brinkhorst as saying that the bank's228 words
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Article1382 2005-02-21 13 The stock recommendation is the average of all the recom- Number FORECAST Median mendations submitted by analysts following the stock. There RECOMMENDATION of EPS PE Target is a total of 29 brokers submitting recommendations but not COMPANY Thb Week/last Week Estimates (times) ft) every stock is followed1,382 words
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Article300 2005-02-21 13 It may make RM200m provision for Q2, says report [KUALA LUMPUR] The Sime Darby-led MalaysiaChina Hydro Joint Venture could make a provision of up to RM2OO million (5586.3 million) in its second quarter ended Dec 31, 2004, on top of its earlier RM77.1 million300 words
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Article, Illustration269 2005-02-21 13 But smaller retail-dependent firms may see flat earnings [KUALA LUMPUR] Most Malaysian stockbroking firms were likely to have had a good year last year in tandem with the strong market performance,' analysts told Malaysia's Starßizweek newspaper. But the smaller brokeragesSource: The 5 - 269 words
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126 2005-02-21 13 Reuters [KUALA LUMPUR] Malaysia plans to issue bonds under the Asian Bond Market Initiative and has asked local investment banks to propose the structure of the bonds, The Edge business weekly said in its latest issue. Quoting unnamed industry sources, the magazine said theReuters - 126 words
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GREATER CHINA/INDIA
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Article1120 2005-02-21 14 Chinese gamblers are the industry's fastest growing customer segment IHT [NEW YORK] VISITORS to the Venetian Resort Hotel Casino in Las Vegas this past week were greeted by a prophetic sight: a massive banner with Chinese characters wrapped around the faux bell tower of theIHT - 1,120 words
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Article, Illustration68 2005-02-21 14 [NEW YORK] A pair ofpainting*from the famed series depicting dogs playing poker by artist Cassias MarceUus Coolidge sold for USss9o,4ooat auction last Tuesday. The wirmtjabid set a new auction record for Coolidge. whose previous top sale was USs74,ooofor a painting at a Sotheby s auction in 1999. saifAfaiAP - 68 words
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Article, Illustration366 2005-02-21 14 Source says details could be ironed out within a month [NEW DELHI] Yahoo Inc. the American Internet search engine, is in talks to acquire a minority stake in Indiatimes, the online operation of Bennett Coleman and India's biggest media group, according toBLOOMBERG - 366 words
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312 2005-02-21 14 [HONG KONG] The government is expected to receive an overwhelming response to its land auction tomorrow, riding on the back of the booming sentiment in the commercial property market, says a report in the South China Morning Post. The administration is expected to fetch312 words
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Page 14 Advertisements
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Advertisement429 2005-02-21 14 Call toll-free 1800 *****22 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 [Section 290(2)(b)] AND IN THE MATTER OF ASIA COMMERCIAL INVESTMENT (PRIVATE) LIMITED (In Members' Voluntary Liquidation) Co. Reg. No. *****0767G NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the Company held at 65 Chulia Street, #28-01,429 words
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Advertisement166 2005-02-21 14 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SENG GIAP&CO (PTE) LTD (Co. Reg. No. 1956-*****-R) (In Members' Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act Cap. 50, that the Final Meeting of the166 words
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Advertisement29 2005-02-21 14 Lianhe Zaobao H Venturing I Qverseas I Deverage I industry here I ♦JMWMfcWSfiSfS'! I Call 1800 289 8822 or email notices@sph.com.sg to book your advertisement in our newspapers now.29 words
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ASIA-PACIFIC/WORLD
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652 2005-02-21 15 The company which set a record for quarterly profits overtakes GE AP Reuters [DALLAS] Buoyed by rising profits from lofty oil prices, Exxon Mobil Corp on Friday passed General Electric Co to become the largest US corporation by stock market value. TheAP; Reuters - 652 words
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Article, Illustration763 2005-02-21 15 Investors expect Verizon to up its bid for MCI in the face of Qwest's higher offer NYT Bloomberg [NEW YORK] DID Michael Capellas choose the wrong door in his latest go-round on "Let's Make a Deal"? A week ago, Mr Capellas, the chairman andNYT; Bloomberg - 763 words
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383 2005-02-21 15 Products withdrawn from sale because of presence of illegal dye Reuters [LONDON] Britain's food safety watchdog advised people on Friday not to eat around 350 food products that have been inadvertently contaminated with an illegal dye that could toad to anReuters - 383 words
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338 2005-02-21 15 Reuters [LONDON] The Association of British Insurers, whose members rank among the UK's top investors, say that regulation of the London Stock Exchange must stay in Britain to protect the market. "Any transfer of its activities to another jurisdiction which jeopardised theReuters - 338 words
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438 2005-02-21 15 Reuters [TOKYO] Japanese drug makers Sankyo Co and Daiichi Pharmaceutical Co will merge to become the nation's No 2 drug maker as competition in the industry intensifies, media reports said on Saturday. The companies planned to merge in October underReuters - 438 words
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285 2005-02-21 15 AP [TOKYO] Japanese researchers are developing a faster, more precise tsuna-mi-alert system that would directly monitor the earth-quake-triggered waves as they sped towards shore, media reports said on Saturday. Japan's warning system one of the world's most advanced can issue an alert for aAP - 285 words
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WORLD
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Article, Illustration730 2005-02-21 16 Company may face fine or other action as US attorneys continue probe Reuters NYT [ALEXANDRIA, Virginia] Former Boeing Co chief financial officer Michael Sears was sentenced on Friday to four months in prison for his part in illegally recruiting a top USReuters; NYT; AP - 730 words
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Article, Illustration618 2005-02-21 16 It is estimated that US$300b will flow back into the US AP [WASHINGTON] Led by drug makers, American companies have started announcing their plans to use a temporary tax break and shift back to the United States billions of dollarsAP - 618 words
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381 2005-02-21 16 In addition, he also faces three money laundering charges Reuters [DENVER] Federal prosecutors on Friday charged a former top executive at Qwest Communications International Inc with wire fraud and money laundering. Marc Weisberg, 47, a former executive vice-pres-ident of Qwest, surrendered on FridayReuters - 381 words
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239 2005-02-21 16 Reuters [WASHINGTON] President George Bush turned to career trade negotiator Peter Allgeier on Friday to temporarily take over from US Trade Representative Robert Zoellick, who is leaving to be deputy secretary of state. The White House said Mr Bush intendsReuters - 239 words
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343 2005-02-21 16 [LONDON] High-flying women at Merrill Lynch's London office were often paid significantly less than male colleagues of the same rank last year, according to internal research carried out by the American investment bank, reports London's Observer newspaper. Salary and bonus packages for343 words
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Page 16 Miscellaneous
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Miscellaneous204 2005-02-21 16 CRYPTIC CROSSWORD or grounded (4,2,3,5) 8 Greens hatching plot to ere- YESTERDAY'S SOLUTION DOWH q Across: 1 Inclination. 9 Inch, 10 2 Registered house doctor in 9 Seaside attractions of waves Double-fault, 11 Soap 14 Twoshape (5) swallowing a ship (14) step, 16 Austere, 17 Suite, 18 Tees, 3 Promises204 words
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AVIATION
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Article, Illustration482 2005-02-21 17 Virgin Blue also considers applying to fly the Aussie-US route Bloomberg [SYDNEY] Qantas Airways' pre-tax earnings may fall by as much as As 44 million (Sss7 million) should Singapore Airlines be allowed to fly between Australia and the US, Qantas chiefBloomberg; AFP - 482 words
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486 2005-02-21 17 AP [WASHINGTON] Air traffic controllers in New York have made errors that sent planes too close to each other many times in the last few weeks, at a rate at least six times higher than such errors occurred last year. TheAP - 486 words
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809 2005-02-21 17 AFP [GENEVA] New European Union measures bolstering compensation for air travellers who suffer delays or cancellations have left the airline industry seething, amid warnings that it was taking on new financial risks that will eventually hit fares and passenger service. "At someAFP - 809 words
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296 2005-02-21 17 Bernama [KUALA LUMPUR] Malaysia Airlines (MAS) expects sales revenue from both its international and domestic operations to reach RM9 billion (553.9 billion) for the current financial year ending March 2005. Of this, domestic sales would account for RM3.5 billion, general manager (sales)Bernama - 296 words
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366 2005-02-21 17 Reuters [DUBLIN] Proposals for a much-needed second terminal at Dublin airport could be unveiled within weeks, a government official said. The government is considering options on a new terminal, which could help to manage booming air traffic at Ireland's busiest airport as tourists andReuters - 366 words
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Article1871 2005-02-21 17 H1Qm PU T 110 »f03 2225 Mt633 1425 —g§; 1 5 fig gg lg MUM 09,5 HZWBT6 0715 ">*"« SQJg 0710 >C856 1145 5Q348 0100 1425 A$1 2?20 AMMmhI EK405 0105 EK404 1500 —r CQ14H 1145 SQ142 0M5 EK433 0145 LH9516 2025 L h| 1J 5351,871 words
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SHIPPING
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255 2005-02-21 18 Bloomberg [HONG KONG] Shenzhen, China's second-busiest port after Shanghai, handled 41 per cent more containers in January as demand for Chi-nese-made computers, clothing and toys increased in the US and Europe. The port in the southern Chinese city bordering Hong Kong handledBloomberg - 255 words
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Article295 2005-02-21 18 SGX '000 Feb 18 SI Vol CH Offshore 0.38 unch 3086 ChuanHup .0.75 0.01 3612 Cosco Corporation 1.44 -0.01 1543 CWT Distribution 0.68 -0.01 174 Ezra Hldgs 1.10 unch 277 Freight Lnks 0.09 unch 2108 Grand Banks Yacht 1.08 unch 0 Java Holdings 1.09 unch 1362 Kf Venture295 words
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Article, Illustration743 2005-02-21 18 Strategy proposed by US-based consultant to better tap NCB assets [SINGAPORE] Plans to merge two of Malaysia's best-run ports in the Klang Valley may create one of Asia's largest container terminals able to handle a total of over five million containers a year. This wouldSource: The S - 743 words
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Article, Illustration671 2005-02-21 18 DONALD URQUHART - By DONALD URQUHART [SINGAPORE] Despite widespread opposition from the shipping community, the Panama Canal Authority (ACP) has announced that its proposed hike in transit fees nearly 63 per cent by 2007 has been approved by the Panamanian government. Under the new tariffAFP - 671 words
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522 2005-02-21 18 NYT [NEW YORK] Last year, when US federal prosecutors charged New York City's former director of ferry operations with seaman's manslaughter in the crash of a Staten Island ferry in October 2003, they said he had failed to enforce a longstanding rule,NYT - 522 words
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200 2005-02-21 18 Bloomberg [LONDON] The global fleet of liquefied natural gas (LNG) tankers will need to expand 34 per cent in the next five years to meet rising demand from exporters, including Qatar, the Society of International Gas Tanker and Terminal Operators estimates. About 380Bloomberg - 200 words
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294 2005-02-21 18 AP [SUEZ, Egypt] A Korean-registered cargo ship broke down in the Suez Canal at dawn on Saturday, blocking the passage of at least 40 ships, a canal official said. The northbound ship, carrying 74,000 tonnes of coal, was stranded at the southern entrance ofAP - 294 words
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Advertisement147 2005-02-21 18 FAR EASTERN FREIGHT CONFERENCE (FEFC) Ist April 2005 Conference Rate Restoration In their Business Plan issued on 291h October 2004, Member Lines of the FEFC announced a conference rate restoration for the Asia (excluding Japan) to North Europe and Mediterranean trades of USD 250 per TEU on 1 April 2005.147 words
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Article10832 2005-02-21 19 STRAITS TIMES INDEX STOCKS Stmt mm Wt Om Qmm Stocfc mm wi Qm chugi Allgreen 50c 0.29 1.110 *0.010 NOL 2.43 3.640 +0.060 8IL Intl US20c 0.49 1.130 -0.010 OCBC 9.60 13.800 -0.100 CapitaLand 1.49 2.380 >0.030 Parkway H 25t 0.72 1.660 Chart SemiCond 26c 0.84 1.190 *010,832 words
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FINANCE & COMMODITIES
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Article3192 2005-02-21 20 MORGAN STANLEY CAPITAL INTERNATIONAL INDICES lit local curr m SS In USS *dy %yr %dy *yr F>b 18 lnd«x Ch«ng« Chang* Chang* Chang* Oiwy Chang* World Index Preliminary 862.3 0.0 13 -0.3 0.1 Q.Q -03 »EAFE Preliminary 802.0 0.2 3.8 -0.1 1.2 0.2 0.9 Europe Preliminary 1111.3 0.0 4.9 -0.13,192 words
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Article949 2005-02-21 20 COMMODITIES: WEEKLY ROUNDUP AFP [LONDON] World oil prices rose last week as Opec's forecast of increased global demand for 2005 overshadowed a sharp rise in US crude inventories. Copper reached its highest level for 16 years and coffee the highest point for four years inAFP - 949 words
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Advertisement1529 2005-02-21 21 m m 4 i w tMT *> tw I TOUSA/CANADA I I EXPORT I I OTHER DESTINATIONS I *555 VOY PUG I FT* SI 110WG ItACH|DALLAS 1 HOUSTON NENPHK ICHKACO| WW Totj(~| TO |A (AUBTBALIA ASIA P&O NHK.LOYD KOBE 46E00 22/02 11/D3 17/03 18/03 1«/Q3 14/03 1 VOY IHAMI I1,529 words
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Advertisement76 2005-02-21 21 UK CONTINENT SERVICE Loading tar 1 SPYROS B RTM/ATW/BMN/UK/NAN EVGENIA RTM/ATW/BMN/UK/NAN Loads Singapore, E-/W. Mateyaia. Indonesia MIDDLE-EAST SERVICE Loading for SEA UNITY DBI/ABU/DOH/BRN/DMM/KWT PANORMOS PRIDE DBI/ABU/DOH/BRN/DMM/KWT PACIFIC SUN II DBI/ABU/DOH/BRN/DMM/KWT "Loads Singapore, EJW. Malaysia, Indonesia USA SERVICE Loading for HANJIN TAMPA VCW/VCB/LAX/MZL MARY H CAM/NFK/SAV/NOL 'Loads E7W. Malaysia, Indonesia F.E./S.E.A.76 words
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Advertisement715 2005-02-21 22 visit on our Home Poae: ww^moliifKConfKiq www.hombufasud.com Jl* tTA "NWW HiSfA* firn MfIWVMK AWAipt mimpom himajh syowt muoutw muuot StOTIA 014$ 25/0? 07/03 W/03 12/03 15/03 SCOTIA 015S 25/03 04/04 04/D4 DMM 11/H4 CAIYIIN HEOS S M/? 3 IVO3 16/03 19/03 22/03 CAIYUN Ht 0575 01/04 11/04 13/04 lt/04 U/04715 words
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Advertisement627 2005-02-21 23 WALLENIUS WILHELMSEN website: http://www.2wglobol.iom vtssa Ivor uc map how m sav m okf ktc kw mi l«!H! 1420*"!*I 420 4 I 02/03 05/ M 11/04 13/04 17/04 IS/04 U/04 "5/04 TALISMAN Afso6 3201 MS 6.4 M I 16/03 17/04 21/04 15/04 24/04 27/04 TAROW6A AFSO7 1 3201 ms J 6.25627 words
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Advertisement664 2005-02-21 23 351 *1 ESL_ Jfitt ffl jkt mcmmm mill 22/02 n/n MM" W& —ins gam -a g% g%WCMMPA MI3M B/tl 25/02 >*»<" 41SS 17/ M W/W wcMim 1414 M M/W g/g MMM 14ISII 27/02 21/02 vrew ygy y| qj| Mtl t Kg! (gj um iun_ in™ «/•> «/w -bsk —as— fig664 words
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Advertisement922 2005-02-21 24 clnterasia JLLmes £^64^®,.^™™^,.... IKfSfSL, S2M 07/02 07/02 08/02 09/02 10/W TJ/W "ij/02* 20/W WAHHAI3O7 15f TW 13/55 17/52 TtfE H/5J JS9i 02 14/02 15/07 14/02 17/02 21/02 25/02 27/02 087N 21/02 20/02 01/03 02/03 03/03 07 21/02 21/02 22/0? 23/02 24/02 01/03 04/03 06/03 MOL OASIS N264 11/02 20/02 24/02922 words
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THE BUSINESS TIMES SHIPPING TIMES
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6600 2005-02-21 25 This ETA ETA Advartixr VmmI Voyaaa TttaphoM ETA ETA Adwwtiw VmmI Voyaga Tattpkon* SIN Dtsfn Name Nmm NunilMf Numbtf SIN Dost*!! Nmm Nmm numv Nunbcr 06X13 14/03 PTDjakirta PONO ADELAIDE 88$ *****203 TO ABIDJAN (ABJ) 2003 Cote D'lvoir* 08/03 19/03 Nordana FINEX TRADER FT5026,600 words
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BizIT
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Article, Illustration665 2005-02-21 26 RAJU CHELLAM - Two of the four new products are designed and made by Seagate in S'pore for the world markets, Seagate's Asia sales head Teh Ban Seng tells RAJU CHELLAM RAJU CHELLAM HARD disk leader Seagate Technology Inc has finally entered the retail market in Singapore665 words
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187 2005-02-21 26 AFP [BEIJING] China's mobile phone production capacity, already the world's biggest, is set to rise from 300 million handsets in 2004 to 500 million this year as some 40 new producers begin manufacturing, the top economic planning body said on Friday. "JudgingAFP - 187 words
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Article351 2005-02-21 26 RAJU CHELLAM - By RAJU CHELLAM WHEN Seagate launched its Singapore-made one-inch hard disk called STI in the third quarter of 2004, it didn't quite anticipate the reception it would get at retail stores. About 1.5 million of the tiny drives flew off the shelves by Christmas, most351 words
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310 2005-02-21 26 It will provide after-sales help on network servers to corporate clients Bloomberg (HONG KONG] Dell Inc, the world's largest personal computer maker, said it will set up a third service centre for corporate clients in Asia. The new centre will provideBloomberg - 310 words
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256 2005-02-21 26 AFP [HANOI] Hutchison Telecom has obtained a licence in a tie-up with a Vietnamese partner to launch the country's first third generation (3G) mobile phone network, state media reported. The government on Friday handed the operating licence to Hanoi Telecom and Hutchison Telecom, a subsidiaryAFP - 256 words
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Article, Illustration805 2005-02-21 27 RAJU CHELLAM - <cool stuff> If you're living in a triplex apartment and your Belkin router is in the basement, you can roam all around your house with your notebook and get broadband connectivity, says RAJU CHELLAM RAJU CHELLAM IN THE good old days which is just a couple of805 words
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Article, Illustration450 2005-02-21 27 ROLAND LIM - By ROLAND LIM PALMONE Singapore says it will offer a free 128MB memory card to "power users" of its recentlylaunched smartphone, the Treo 650. The Treo 650, which has otherwise been garnering favourable reviews, is known to run out450 words
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Article576 2005-02-21 27 Operators look ready to upgrade their 3G networks to the new standard, regardless of demand Reuters [CANNES, France] THE five letters most pronounced at last week's 3GSM telecoms trade fair in Cannes were HSDPA, the next level of highspeed mobile communications which telecoms executives say willReuters - 576 words
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<what's up>
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Article, Illustration60 2005-02-21 27 INTERWOVEN, a leading provider of content management solutions, has appointed James Murray as vice-president for its AsiaPacific operations. Mr Murray brings with him 15 years of experience in the technology industry and joined Nasdaq-listed Interwoven in 1999. Now based in Singapore, he was previously vice-president of60 words
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69 2005-02-21 27 ENTERPRISE network security vendor Crossbeam Systems has appointed Timothy Lee as its vice-president of sales for the Asia-Pacific. Mr Lee was previously the vice-president of Nokia Enterprise Solutions, AsiaPacific. In his new role, Mr Lee will be responsible for leading Crossbeam's regional sales efforts,69 words
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Article45 2005-02-21 27 Protocol-based networking standard for linking storage systems across local area networks or the Internet. Beginning at U555,995, the CLARiiON AXIOOi (above) and CX5OOi are available now, while the CX3OOi will be available in Q2 this year. Visit www.emc.com for more information.45 words
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Article60 2005-02-21 27 SECURITY specialist Symantec has released an update for its Symantec Network Security 7100 Series Intrusion Prevention appliances to protect organisations against spyware and bots. Malicious bots are programs that are covertly installed on a computer to allow unauthorised users to remotely control the computer. The update60 words
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Article, Illustration80 2005-02-21 27 PRINTING and imaging specialist Brother has released the HL-2040 monochrome laser printer (below). The HL-2040 prints up to 20 pages per minute, at a resolution of up to 2,400 x 600 dpi. The printer also offers a separate option to allow it to be connected to a80 words
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105 2005-02-21 27 ROLAND LIM - Compiled by ROLAND LIM ENTERPRISE open source solution vendor Red Hat has released Red Hat Enterprise Linux Version 4 (RHEL4). Available in 15 languages, it is based on the Linux 2.6 kernel and runs on Intel Xeon and Intel Itanium processor-based systems, AMD105 words
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Advertisement51 2005-02-21 26 Authorized Distributor Deafer AV-Sci«nc« Marketing Pte Ltd Office 1 Pte Ltd SJJtojr Aljunted Link Block B (subsktmry of NTUC Fmrpnco) #08-06 Joo Seng Warehouse The Funan IT Mall S Singapore *****2 #05-25/32 Tel: +65 *****322 Fax: +65 *****511 Singapore *****7 S«LrS£E2£SK. Dafy- 10.00 am 8.30pm Website: www.hitachimultimedia.com.Bg Monday-Friday: 8.30 am51 words
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Advertisement13 2005-02-21 26 ADAPTING FOR BUSINESS Let the experts take care of your PCs pg 2813 words
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BizIT FOCUS: ADAPTING FOR BUSINESS
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Article, Illustration1463 2005-02-21 28 AMIT ROY CHOUDHURY - The increasing complexity of managing IT networks has resulted in a trend of outsourcing the maintenance of these networks and services to specialised vendors. AMIT ROY CHOUDHURY finds out more AMIT ROY CHOUDHURY WITH Information Technology playing an increasingly important role in1,463 words
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Advertisement523 2005-02-21 28 jBR P*^ ortt>onc bbdet for dynomic web/ASP hotting, medio J x 4 available Gigabit network adapters *'T 'V, 7 i (Get o FREE HP ProLiant Mod* Infroslructore wilh purchase of 3 units of this HP .■> Proliant U2op G3 servor from $11,502* w/o GST*) EKBBB 1 HP PROUANT BLADE Save523 words
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Advertisement8 2005-02-21 28 Solutions for the adaptive enterprise. m inv nt8 words
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