The Business Times, 9 March 2005

Lock icon This issue may only be viewed from the multimedia stations at NLB Libraries. See FAQ for more information.

Total Pages: 30
1 30 The Business Times
  • 13 1 THE BUSINESS TIMES Wednesday, March 9,2005 siNGArewiiWi 'online at http://business-times.asial.com.sg MICA (P) 089/03/2005
    13 words
  • 834 1  -  ACCS investors bid up stock but SingPost falls on dividend worries By JOYCE KOH [SINGAPORE] Investors were split yesterday on Sing Post's surpHse move to buy into troubled mobile phone services provider Accord Customer Care Solutions (ACCS). On the Sing Post side, sellers wiped 2.2
    834 words
  • 139 1 sn 2.160.63 (-5.49) ST INDEX FUTURES 2,168.00 (-2.00) siMsa 255.70 (-0.26) SIMSa FUTURES 255.90(40.10) MARKETS Tuesday Chang* KLSECOMP 897.50 >632 NIKKEI 225 11,886.91 -38.45 HANG SENG 13.881.71 +109.76 SET INDEX 722.60 -14.82 JAKARJACOMP 1.114.21 +8.91 MANILA COMP 2.149.06 -17.04 SEOUL COMP 1.000.28 -7.22 SHENZHEN B 273.71 >8.84 BOMBAY
    139 words
  • 457 1  -  BT exclusive By SAMUEL EE [SINGAPORE] Car racing will return to Singapore. Work on a permanent track costing at least US$l5 million starts soon at Tuas, confirming an earlier BT report. A site of more than 50 acres near Asia Pacific Breweries on
    457 words
  • Page 1 Advertisements

  • TOP STORIES
    • 640 2  -  Logistics in hosting annual meetings will be enormous By JEAN CHUA [SINGAPORE] Singapore will spend US$6O-US$BO million to host the International Monetary Fund (IMF) and World Bank annual meetings in September next year, when more than 16,000 visitors among
      BRYAN VAN DER BEEK/ST  -  640 words
    • 672 2  -  By RAJU CHELLAM [SINGAPORE] The government has unveiled an allencompassing technology blueprint for the next decade. It wants the private sector to work with R&D institutes at home and abroad to make Singapore a nation powered by three key me-ga-technologies: infocommunications, biotechnology, and
      672 words
    • 86 2 IN the report "HDB flats to be designed, built, sold like private ones" (BT, March 8), we said the site for the pilot project will be put up for tender via the Reserve List under the Government Land Sales programme. This is not correct. As the design, build and
      86 words
    • 745 2 S'pore start-ups on a mission in Silicon Valley NINETEEN Singapore high-tech start-ups are on a mission to California's Silicon Valley to raise the profile of the local industry and garner venture capital dollars to develop and market their products and ideas. The National University of Singapore's Venture Support
      745 words
    • 602 4  - S'pore start-ups on a mission in Silicon Valley They hope to woo venture capital for their products By DANIEL BUENAS [SINGAPORE] Nineteen Singapore high-tech startups are on a bold mission to California's Silicon Valley to raise the profile of the local industry and, hopefully, raise venture capital dollars to develop
      602 words
    • 652 4  - Drew Napier partners sued by retired Indon businessman He alleges their negligence led him to being ordered to pay more than $6m By KAREN HO [SINGAPORE] Forty-two partners of law partnership Drew Napier, as it stood in 1995, have been sued by a retired Indonesian businessman alleging negligence and breach
      652 words
    • 690 4  -  But question is when, and by how much, it will finally hike rates By SIOW LI SEN [SINGAPORE] As the wholesale interest rate climbs to 2 per cent, home buyers can take comfort that DBS Bank with its mountain of cheap deposits
      690 words
  • Page 2 Advertisements
    • 160 2 MSJW Jfir Company Formatiori Foreign Direct Investment Virtual Offices Since 1975 OCRA Worldwide has been providing offshore incorporation and administration solutions for Asian and International businesses. We have been at the forefront of corporate and financial trends in China and lead the field in foreign drect investment Our pioneering spirit,
      160 words

  • Page 3 Advertisements
    • 345 3 II II '-'JH^^^l If Bp H| T| .-tIM^M^BI^^^W H§v If H I II < < If m H 1 11 9 i^iiMßM^B H| 1 II W^M I U H 11 H -^HUB |HHK;4' ::.jJi H II !:''U' H| I «;'4r &^^^p|H|^^HH|B I II I 'If I B I IWBMlßlffiinW'niii 1
      345 words

  • Page 4 Advertisements
    • 57 4 n fMS® rj 1 125 Years 1 Ask us about Corporate, Individual or Group Instruction. a Call Berlitz today 6733-7472 or visit www.berlltz.com jj 501 Orchard Road *05-03/04 Wheelock Place Singapore *****0 j iSK CMi TMEI Recruit the one you want for any position you have Call 1800 289 8822
      57 words

  • COMPANY NEWS
    • 794 5  -  HOCK LOCK SIEW By WONG WEI KONG SO THE market has delivered its judgement on Singapore Post's investment in troubled Accord Customer Care Solutions (ACCS). While the deal is seen as good for ACCS, investors are less sure about how it would
      794 words
    • 602 5  -  By SIOW LI SEN UNIT trust holders both here and in the United States investing in one of several DBS Asset Management funds wake up today to find that they own 9.31 per cent of troubled Citiraya Industries Ltd. It had been
      602 words
    • 248 5  -  By DALENA LEE THE Ascott Group has made further inroads in Bangkok's central business district, securing the management of a prime serviced residence off Sathorn Road, the city's main financial district. Expected to be launched in July as Somerset Park Suanplu after renovation works
      248 words
    • 310 5  -  By SIOW LI SEN WEE Poh Holdings has entered into restructuring debt agreements with its three creditor banks, under which it will issue shares to give them a stake of about 13 per cent in its enlarged capital. Two agreements were worked out last
      310 words
    • 388 6  -  By RONNIE LIM WITH crude prices nudging US$54 yesterday and close to all-time highs, oil traders here said tight controls implemented late last year after the China Aviation Oil trading fiasco will help prevent another such episode locally. Also, one result of
      REUTERS  -  388 words
    • 677 6  -  It is offering 113m shares at 22 cents each, with 49m new shares and 64m vendor shares By MICHELLE QUAH CHINA-BASED Sunpower Group which counts China's top state oil refiner, Sinopec, as one of its major customers has launched its initial public offering for a
      ZAOBAO  -  677 words
    • 397 6 Bloomberg NEPTUNE Orient Lines Ltd (NOL), Asia's second-larg-est shipping line by capacity, transported 24 per cent more cargo in January compared with last year, boosted by increased global trade. The company's container shipping unit, APL, carried 215,300 40-foot containers in the Jan 1
      Bloomberg; FILE PHOTO  -  397 words
    • 133 6 Reuters [KUALA LUMPUR] Malaysian conglomerate Sime Darby Bhd said yesterday the development of a 715 megawatts power plant in Singapore will be delayed as it has yet to conclude a deal to transport gas to the plant. Sime's unit Island Power Holdings Pte Ltd is
      Reuters  -  133 words
    • 600 7  -  Revenues rise 39% to $1.46b as all product segments register growth By MICHELLE QUAH IN its very first earnings announcement, recentlylisted Olam International has reported a 55 per cent jump in net profits for the half-year ended Dec 31, 2004. The multinational supplier
      600 words
    • COMPANY BRIEFS
      • 75 7 SESDAQ-listed Teamsphere has completed its acquisition of the entire issued and paid-up capital of Asia Paragon International from Best Decade Holdings. As this acquisition will inject Deiong Steel, an integrated steel mill, into the company, the name of Teamsphere will also be changed to
        75 words
      • 64 7 PSL Holdings said yesterday it has established a wholly owned subsidiary in Sri Lanka. The unit, known as PSL Engineering, will provide engineering services there. The incorporation of the subsidiary is not expected to have any material impact on the consolidated results
        64 words
      • 76 7 SINGAPORE Technologies (ST) Electronics yesterday announced that its subsidiary, Agilis Communication Technologies, has been awarded a contract by Israel Aircraft Industries-ELTA Systems to supply a US$1.04 million VSAT (Very Small Aperture Terminal) network system for transmitting real-time battlefield information. ELTA is an Israeli defence company
        76 words
      • 74 7 ASIAPHARM Group yesterday announced that its subsidiary, Shandong Luye Pharmaceutical Co, has obtained national patent rights from the Chinese state intellectual property authorities for Arginine Aescinate as well as the technical and manufacturing know-how for the compound, which is used in the manufacture of
        74 words
      • 77 7 SEMBCORP Gas (SembGas) said the move to transfer ownership of its gas pipeline and gas transportation, as reported in BT yesterday, will not have much financial impact provided the compensation is fair. The company said it is committed to act in the best interests of
        77 words
      • 41 7 KOH Brothers Group has appointed Ethel Low Puey Lee as joint company secretary with effect from yesterday. Ms Low is also the chief financial controller of the group. Lee Suyin remains as secretary of the company.
        41 words
  • Page 5 Advertisements
    • 86 5 Trust in our Swiss banking heritage for your long-term security. i J* .> i I?- T f i I Ll W CREDIT SUISSE -V .'tw v-\ V", it can be difficult to Credit Suisse to security and discretion i J mSEBS&SF T WSmP' A What y° u 9 e are
      86 words

  • Page 6 Advertisements
    • 873 6 mm IPCO INTERNATIONAL LIMITED (incorporated in the Republic of Singapore) (Company Registration No. *****2747 M) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE 18 HEREBY GIVEN that an Extraordinary General Meeting of Ipco International Limited (the "Company") will be held at 24 Pandan Road, Singapore *****5 on 5 April 2005 at 10.00
      873 words
    • 698 6 IN THE MATTER OF THE COMPANIBS ACT CAP 30 AND J. IN THE MATTER OF SAHTA STAR TRADINO PTE MEMBERS' VOLUNTARY,? 1 WINDING-UP j*jSf 4* jft Extraordinary Oeaeral (UK of the Comnanv duly convened and held at 3 Shentoo Way #03-12 Shcntoc House Singapore *****5 on 1 March 2003 at
      698 words

  • Page 7 Advertisements
    • 21 7 Recruit the one you want for any position you have Call WOO 289 8822 or email reavh@sphxomsg for your recruitment solutions
      21 words
    • 151 7 Only Sing Tel 3k£y enables I your vision to take shape in B more ways than one. B Be part of the moment H Sing Tel 3loGy gives you the B edge by letting you access the I information superhighway at I speeds of up to 384 kbps. So, B
      151 words

  • SINGAPORE MARKETS
    • 879 8  -  CURRENCIES And things could get worse before they get better LARKY WEE Senior Correspondent THE good news is that the US dollar has managed to remain on the right side of some key supports highlighted in this column a fortnight ago, but
      879 words
    • Article, Illustration
      233 8  -  Compiled by JOYCE KOH ftilnul I in r iicpiiRre WNm Lines March 8 dose: $4.08 CREDIT SUISSE FIRST BOSTON, March 8 NOL is still cheap on 2005E earnlings. We always believed 200$ would be a good profit year. For some time, we believed consensus expectations for 2005 earnings
      Source: Bloomberg  -  233 words
    • 405 8  -  STOCKS R SIVANITHY Senior Correspondent IT probably speaks volumes about the state the local maFket finds itself in that one penny stock, Accord Customer Care Solutions (ACCS), can play such a central role in daily trading as it has in the past fortnight It's also interesting
      405 words
    • TRADES TO WATCH
      • 157 8 WEE Investments continued to build up its holding in Haw Par Corp, this time buying 110,000 shares on the open market at $5.27 per share. Monday's purchase raised its direct stake in Haw Par to 17.28 per cent, from 17.23 per cent. The
        157 words
      • 62 8 A DIRECTOR of a Cosco Corp subsidiary sold 81,000 shares on the open market last Thursday, at $1.53 per share. Lee Fook Choy, who is a director at Cosco Marine Engineering (Singapore), saw his stake in the shipping company pared to 0.348 per cent from
        62 words
      • 85 8  -  Compiled by MICHELLE QUAH GUTHRIE GTS executive chairman Putra Masagung's deemed shareholding increased to 18.54 per cent from 18.50 per cent on Monday, after 410,000 shares were bought on the open market at an average price of 20.5 cents each through a Raffles Nominees
        85 words
    • 375 8  -  CHART POINT By LIM SAY BOON, KEN TAI OCBC Investment Research EXERCISE great caution ahead. The Singapore market is teasing us with the prospect of higher levels immediately ahead but such a move is fraught with risk. The charts are sending us conflicting
      375 words
    • Article, Illustration
      423 8 OTHER SINGAPORE INDICES Mar 8 VALUE CLOSE BT OB/OS -309.00 +121.00 BT CADI -*****.00 -83.00 BT 10-day MA -*****.00 -31.00 All-SG Equities 558.59 -0.45 SG Equities Elect 142.77 -1.22 SG Equities Fin 1622.90 +2.36 SG Equities Prop 557.04 -2.48 SiMSCI 255.70 -0.26 SiMSCI Futures 255.90 +0.10 MOST ACTIVE STOCKS VOLUME
      423 words

  • SINGAPORE NEWS
    • 526 9  -  IN PARLIAMENT But government can do more for small businesses, says Lim Hng Kiang Reports by CHUANG PECK MING THE government is not budging it still refuses to have a single agency devoted to the cause of small businesses despite persistent calls for one.
      FILE PHOTO  -  526 words
    • 482 9  -  By JEAN CHUA THE Ministry of the Environment and Water Resources has released Singapore's first "State of the Environment" report, a 113-page review of the country's policies, present conditions and challenges ahead. Singapore has done well as a nation in terms of our environment, said Minister
      482 words
    • 338 9  -  The Web-based system will boost customer efficiency By AMIT ROY CHOUDHURY INDIAN information technology company Satyam Computer Services has implemented a new Webbased geographical information system (WGIS) for land management, planning and marketing for JTC Corporation which JTC says has increased its customer service
      338 words
    • 199 9 THE Housing Development Board (HDB) yesterday announced some changes in rules that should help Singaporeans with non-citizen spouses to set up their family here. Singapore citizens whose spouses are neither Singapore citizens nor Permanent Residents can now buy any type of HDB resale
      199 words
    • 359 9 SINGAPORE needs to shed its miserly ways and spend more on research and development, if it wants to compete in the big league, according to Minister of Trade and Industry Lim Hng Kiang. "In the past we had been fairly frugal,
      359 words
    • 297 10  -  By LIZA LIN FANS have much to cheer about as Singapore gets ready to play host to two world-class rugby events in a rugby extravaganza in April. Not only will Singapore host the Standard Chartered Sevens Singapore 2005 men's tournament for the
      297 words
    • 513 10 But Perc notes the issues posed by the wide gap between govt and its critics SINGAPORE remains by far the least corrupt country in Asia, but the rating has gone down for a second straight year. Political and Economic Risk Consultancy's (Perc) latest
      513 words
    • 352 10 [HONG KONG] Corruption in Asia is as endemic as it was a decade ago but China is where it could potentially cause the most damage, a survey by the Hong Kongbased Political and Economic Risk Consultancy (Perc) shows. "China's growing economic
      352 words
    • 232 10 THE new one-year loss carry-back tax provision unveiled in this year's Budget may not reach out to the most needy of small and medium enterprises (SMEs), according to Gan Kwee Li an, KPMGTax Services' tax director. "As Singapore has a partial tax-exemption
      232 words
  • Page 9 Advertisements
    • 95 9 Sony Ericsson wHBBm ra k :Bplt I B 1 W: UgrWH 1 ■flr > I wSPffiini W r :_t < M >W t V Ift .t y f t k m M P9loi A Fine Measure of Intelligence To Sony Ericsson P9loi for being commended as the Smart Phone of
      95 words

  • Page 10 Advertisements
    • 604 10 CAR STOLEN! Have you experienced this before? Or have friends or relatives who have? Are you afraid of driving to Malaysia? Can you afford to have your car and everything in it stolen? 8,624* cars were stolen in Malaysia in 2004! The same year, 113** cars were also stolen in
      604 words
    • 99 10 new Park Hotel SINGAPORE THE PERFECT BRIDAL SHOW 19 March 2005 $15 nett per couple, with High Tea Need advice on how to plan for the perfect wedding? Head down to our Perfect Bridal Show and enjoy a sumptuous high tea, a display of the latest in bridal fashion and
      99 words
    • 5 10 > v wHm r L a>.*
      5 words
    • 12 10 OFOOKVUEN 252 North Bridge Road #02-19 Raffles City Shopping Centre Singapore *****3
      12 words
    • 22 10 Recruit the one you want for any position you have i Call 1800 289 8822 or email recnat@sph.cmsg for your recruitment solutions
      22 words

  • ECONOMY WATCH
    • 578 11 Tough for current account if net investment income negative: analysts Reuters [NEW YORK] The ongoing decline in US net investment income suggests that further weakness for the dollar lies ahead, analysts say. "I expect that will become a drag on the current
      Reuters; AFP  -  578 words
    • 339 11 AFP [FRANKFURT] The International Monetary Fund (IMF) believes that the European Central Bank (ECB) should not raise its key interest rates while economic growth in the 12-country eurozone remains so anaemic, the Financial Times Deutschland reported yesterday. At the
      AFP  -  339 words
    • 515 11  -  Finance minister's words complicate outlook for stocks By ANTHONY ROWLEY in Tokyo THERE were fresh twists yesterday to what some have termed the "mystery of the rising Tokyo stock market" as a raft of conflicting indicators gave different impressions of where Japan's economy
      515 words
    • 495 11 Bloomberg [NEW DELHI] India's Budget for the financial year starting April 1 is "disappointing" and offers "no major incentives to overcoming" economic problems, Stephen Roach, chief economist at Morgan Stanley, wrote in a report. The Budget presented by Finance Minister P Chidambaram on Feb 28
      Bloomberg  -  495 words
  • Page 11 Advertisements
    • 82 11 Sony Ericsson Hi ST*T*l AJ S7ooi Capturing the very Best Hip Hip Hooray! 3 Cheers for Sony Ericsson S7ooi for being voted as the Best Mobile Camera by What Mobile magazine. With a cool swivel feature and 1.3 megapixels, it's certainly deserving of such fine accolades, isn't it? 1.3 Mega
      82 words

  • MALAYSIA/INDONESIA
    • 1073 12  -  Amin Shah's prized RM24b Navy deal now a weight in his falling fortunes By S JAYASANKARAN ii| Kuala Lumpur RJVE years ago, Malaysian Paessman Amin Shah r Shah shipped two dexiissioned Zwaardvissubmarines from Holto his naval dockyard i& Lumut, Perak for US$lO pillion.
      FILE PHOTO  -  1,073 words
    • 633 12  -  By PAULINE NG in Kuala Lumpur INTER-COMPANY loans and advances have always been a bane of the Malaysian stock exchange. Yesterday, attempts by conglomerate Malayan United Industries (MUI Industries) io settle its RM1.62 billion (***** million) worth of in-ter-company advances proved just
      633 words
    • NOTE BOOK
      • 94 12 Bloomberg [HONG KONG] CLP Holdings Ltd, Hong Kong's biggest utility, hired three banks to arrange a loan to help fund its As 2 billion (552.6 billion) purchase of Singapore Power Ltd's Australian gas and electricity assets. The Hong Kong power company plans
        Bloomberg  -  94 words
      • 75 12 Reuters [JAKARTA] Indonesia's second-biggest lender, PT Bank Central Asia Tbk, reported yesterday a 34 per cent increase in 2004 full-year net profit to 3.2 trillion rupiah (***** million). That figure was accompanied by a 24 per cent increase in net interest income,
        Reuters  -  75 words
      • 95 12 Reuters [SINGAPORE] India's privately managed Bank of Rajasthan plans to offer a 5 per cent preferential stake to France's Societe Generale, the Indian bank's deputy managing director Vinod Juneja said yesterday. The bank, based in Jaipur in north-west India, is issuing shares
        Reuters  -  95 words
    • 421 12 Reuters, Xinhua [JAKARTA/KUALA LUMPUR] Indonesian forces have put a battalion of marines on standby for deployment to disputed and potentially oil-rich waters off Borneo island, turning up the heat on Malaysia's claim to the area. Indonesia's military, which has dispatched warships and
      Reuters,; Xinhua  -  421 words
    • 2191 12 *01 FS8M 1.15 -0.01 123 MAA Holdings 4.98 -0.07 207 PuncakNiaga 3.68 0.03 590 Marl KM W- fOOO) FTEC Resources .0.36 0.01 283 MagnaPrima 1.53 0.07 2 Putera Capital _1 130 0.03 364 Furqan Bus. Org. .0-32 -0.01 660 MagniTedi 1.24 unch 1438 PWEInd. 3.51 0.02
      2,191 words
  • Page 12 Advertisements
    • 136 12 SIN SOON LEE DEVELOPMENT LTD (Incorporated in the Republic of Singapore) Notice to holders of the *****,000,000 6.375 Per Cent. Secured Bond* Due 2002 of SIN SOON LEE DEVELOPMENT LTD (the "Bond*") Reference is made to the Company's notice to the holders of the Bonds (the "Bondholders") published in the
      136 words

  • GREATER CHINA/INDIA
    • 547 13  -  CHINA INSIGHT Measures that didn't slow runaway growth last year won't do so this year JEAN CHUA Reporter ON Saturday, Chinese Premier Wen Jiabao announced that the government will try to slow GDP growth to 8 per cent in 2005 after the economy last
      547 words
    • 423 13 Reuters (HONG KONG] Hong Kong Chief Executive Tung Cheehwa has confirmed resignation plans to top aides, the South China Morning Post reported yesterday. Mr Tung told members of his cabinet and other senior officials on Monday that he had decided to step down and that
      Reuters  -  423 words
    • 449 13 Reuters [GENEVA] Chinese industry's growing attraction for foreign investors is helping high-technology manufacturers elsewhere in East and South-east Asia to draw in more investment themselves, a UN-backed study said on Monday. According to the study, issued in summary by the world body's trade and
      Reuters; BLOOMBERG  -  449 words
    • 199 13 Bloomberg [HONG KONG] Hutchison Telecommunications International Ltd, which operates mobile networks from Hong Kong to. Paraguay, scrapped a 12 billion rupee (***** million) purchase of an Indian cellular network operator. Hutchison Telecom didn't give a reason for cancelling the purchase of Aircel Ltd and
      Bloomberg  -  199 words
  • Page 13 Advertisements
    • 85 13 Sony Ericsson I K7ooi Simply the Best Celebrate with us as we revel in this breathtaking moment of the Sony Ericsson K7ooi winning the Mobile Phone of the Year Award by What Mobile magazine. With so many cool features, you'll certainly be spoilt for choice. It's now official; Sony Ericsson
      85 words

  • ASIA-PACIFIC/WORLD
    • 432 14 Battle for prized uranium, nickel producer set to hot up, say analysts Reuters [MELBOURNE] Global mining firm BHP Billiton made a A 59.2 billion (5511.9 billion) cash bid for Australia's WMC Resources yesterday, topping a hostile offer from Xstrata pic. Anglo-Swiss
      Reuters  -  432 words
    • 281 14 AP [NEW YORK] A beaming Martha Stewart praised her employees on her first day back at work on Monday and told the cheering workers who welcomed her that she thought of them every single day of her five months in prison. "All of
      AP; AFP  -  281 words
    • 371 14 Reuters [CAMBRIDGE] Two and a half years after the implementation of a sweeping set of corporate governance reforms in the Sarbanes-Oxley Act, the corporate sector is wondering whether the costs are greater than the benefits. The act calls for more accountability and transparency in US firms. But
      Reuters  -  371 words
    • 545 14 Bloomberg [NEW YORK] Wall Street's top bosses got their largest pay packages since 2000 after the Ave largest independent securities firms posted record profits last year. They also received more restricted stock. Merrill Lynch's Stanley O'Neal was the best-paid for
      Bloomberg; Source: Bloomberg  -  545 words
    • 364 14 Reuters [PARIS] Keeping his cards close to his chest has paid off for Euronext's tactical CEO Jean-Francois Theodore as he courts the London Stock Exchange (LSE). On Sunday, his rival. Deutsche Boerse chief Werner Seifert, buckled under a shareholder mutiny and withdrew his
      Reuters  -  364 words
    • 234 14 Bloomberg [NEW YORK] International Business Machines Corp (IBM) gave chief executive officer Sam Palmisano a 24 per cent pay increase to US$lB million last year because the world's biggest computer company gained market share in key businesses. Mr Palmisano received a
      Bloomberg  -  234 words
    • WORLD WATCH
      • 92 14 Bloomberg [NEW YORK] Disk diver maker Seagate Technology forecast third-quarter profit of 36 cents a share, exceeding analyst estimates, on demand from consumer electronics and storage systems companies. Sales will rise 35 per cent to US$l.B7 billion in the period ending April 1, the company said.
        Bloomberg  -  92 words
      • 87 14 AP (DALLAS] Texas Instruments Inc narrowed its outlook for first quarter profit and sales because of lower-than -expected demand for a display technology used in televisions and projectors. A post-market release on Monday said its customers had expected more robust end-of-year sales of its
        AP  -  87 words
      • 88 14 Bloomberg [NEW YORK] Insurance giant American International Group said chairman Maurice Greenberg received a subpoena from New York attorney-general Eliot Spitzer regarding policies that may help companies smooth earnings. AIG said on Feb 14 that it had got subpoenas from Mr Spitzer and the US
        Bloomberg  -  88 words
      • 54 14 AFP [SYDNEY] Winemaker Southcorp yesterday said it was prepared to merge its operations with Foster's wine-making business as an alternative to having the Australian beverages giant swallow it outright. Southcorp chairman Brian Finn also reiterated his board's opposition to an As3.l billion (Ss4 billion) hostile
        AFP  -  54 words

  • WORLD
    • 616 15 Ouster of CEO may signal end to corporate tolerance of indiscretions LAT-WP [LOS ANGELES] The forced resignation of Boeing Co chief executive Harry Stonecipher over an extramarital affair with an employee may signal an end to corporate America's willingness to ignore the sexual indiscretions
      LAT-WP; ILIO LUDWIG/ST  -  616 words
    • 347 15 IF the directors have big share options, the chief exmUMtO is lionised in the pratsi and the corporate governance is praised, bail out now: these are among the biggest predictors of corporate fraud, says the Observer of London, citing an
      347 words
    • 247 15 Bloomberg [LONDON] Energy giant Royal Dutch/Shell Group reported on Monday that the company's oil and gas reserves as of 2002 had been overstated by 41 per cent. Its amended annual report, filed on Monday, showed proven oil and gas reserves equivalent to 13.72
      Bloomberg  -  247 words
  • Page 15 Advertisements
    • 1578 15 IMMTW«MA.NMy RSNTAL S PAYA LSSAA. SUKTT RATOK. I*3 oomar SALSSTMR ARSA. Nawty JUMHO WIST. 10 Story I ranovatad ottica m I OHtaa w«h baauMU lacada i«omi Vto»tooßar CM r«nov«tM offic* irM Futy lurniahad No brokar ***** CM 437M201 ■TtM.T.l■ wag* mm Lit Eiom HOLLAND MLLAML *vmr ***** CM *****201 TOA
      1,578 words

  • AVIATION
    • 481 16 It expects US$230b orders as rising incomes boost air travel demand Bloomberg [HONG KONG] Airbus SAS, the world's biggest maker of commercial aircraft, forecast Chinese airlines will purchase 1,790 passenger planes worth US$23O billion by 2023 as rising incomes boost
      Bloomberg; AFP  -  481 words
    • LOG BOOK
      • 93 16 AFP [TAIPEI] Taiwan's leading airline, China Airlines (CAL), said yesterday it will launch passenger flights to Chiang Mai in Thailand, starting the thrice-weekly service on March 29. Chiang Mai would be the airline's third destination in Thailand along with Bangkok and the tourist
        AFP  -  93 words
      • 160 16 AFP [TOKYO] Japan Airlines (JAL) said on Monday it will expand flights and connections to China. Japan's biggest trading partner, through code-sharing agreements with Chinese carriers. JAL, Asia's biggest airline, said its network would grow to 237 weekly flights to 20 cities in China,
        AFP  -  160 words
      • 54 16 Bloomberg [BEIJING] Hainan Airlines Co, whose biggest shareholder is US financier George Soros, is in talks with foreign and domestic investors as it seeks capital to expand, chairman Chen Feng said. China's airlines may buy 2,293 airplanes over the next 20 years worth US$lB3
        Bloomberg  -  54 words
    • 506 16  -  By VEN SREENIVASAN [SINGAPORE] Last year was the safest year ever for the global airline industry, with just 428 deaths out of the 1.8 billion people who travelled by air, according to the International Air Transport Association (LATA). lATA director general
      BLOOMBERG  -  506 words
    • 135 16 AP [HONG KONG] Dragonair, Hong Kong's No 2 carrier, said yesterday it has expanded a code-sharing agreement with Air China Ltd so that they can sell seats on one another's flights to Beijing. Under the new agreement, effective March 27, passengers flying with Dragonair will
      AP  -  135 words
    • 349 16 Reuters [LONDON] British Airways named Willie Walsh as its new chief executive yesterday, raising hopes that the man who revived Irish state-owned carrier Aer Lingus will give fresh impetus to recovery at Europe's No 2 airline. Mr Walsh, a former pilot, will
      Reuters  -  349 words
    • 180 16 Reuters [SAO PAULO, Brazil] Brazilian budget airline Gol Linhas Aereas Inteligentes slashed prices as much as 56 per cent on Monday, making an aggressive drive to capture market share from its domestic rivals. G9I said it would cut its fare for the Rio de
      Reuters  -  180 words
    • 1889 16 OTY WJWH WA WW HO CX735 1905 MMi AF8087 1155 LH9770 2245 |Q|5' 0625 S 9Z|5f 8A7381 1«55 ***** 2245 LM9771 1(55 D» H»nfl Mt633 2225 MI633 1425 Q«1 1855 SQ5024 2225 SQ5024 142S SQ230 1855 Darwin Af8067 1855 A***** 2235 Umt4*»d SQ461 1420 SQ462 0220
      1,889 words

  • SHIPPING
    • 518 17 WTO rules S Korean shipbuilding subsidies illegal after EU complaint Bloomberg, AFP [GENEVA] The World Trade Organization ruled that South Korean shipbuilders illegally benefit from export credits, following a complaint by the European Union, which wants to limit subsidies that have boosted
      Bloomberg,; AFP  -  518 words
    • 204 17  -  By DONALD URQUHART [SINGAPORE] Former master of the oil tanker Prestige which sank off the Spanish coast, causing an environmental catastrophe, has been granted permission to return to his native Greece indefinitely. Capt Apostoulos Mangouras has been held by Spanish authorities first behind bars and then
      204 words
    • 435 17 Bloomberg [LONDON] Peninsular Oriental Steam Navigation Co, the UK's largest ferry and port operator, posted a second-half loss because of costs to close ferry routes. The shares fell after the company said the disruption to ferry schedules at Calais, France following a bridge
      Bloomberg; FILE PHOTO  -  435 words
    • 242 17 Bloomberg [PRINCETON] Carnival Corp, the world's largest cruise line, said chief executive Micky Arison donated his US$2.4 million bonus out of a total pay package of almost US$9 million to relief efforts for victims of the Indian Ocean tsunami. f Carnival also paid
      Bloomberg; FILE PHOTO  -  242 words
    • 304 17  -  By DONALD URQUHART [SINGAPORE] Operating at 93 per cent of its maximum capacity and unable to handle the today's ultra-large container ships, the Panama Canal must be expanded. said,industry executives who in Panama City. The Panama Authority (ACP) has been studying various modernisation options
      304 words
    • 758 17  -  STRAIT TALK By DAVID HUGHES LONDON, Singapore, New York, Connecticut, Shanghai, Gibraltar, Hong Kong Panama, Dubai and no doubt many, many other locations, are either major maritime centres or desperately want to become one. There is no easy definition of a "major maritime centre" though London,
      758 words
    • 286 17 SGX '000 Mar« SS W- Vol CH Offshore .037 unch 474 ChuanHup .0.73 -0.01 910 Cosco Corporation 1.57 -0.01 3940 CWT Distribution .0.68 unch 0 EzraHldgs 1.05 unch 72 Freight links 0.09 unch 286 Grand Banks Yacht 1.12 -0.01 7 Java Holdings 1.07 0.01 529 K1 Venture .038
      286 words

  • EDITORIAL & OPINION
    • 541 18 EDITORIAL ONE of the key issues in the decision on whether to permit integrated resorts (IRs) in Singapore (including casinos) which the government has said it will disclose next month is the economic spinoffs from such projects. A number of academics as well as financial industry
      541 words
    • 899 18  -  Talk that HP's ousted CEO may be picked to run international body raises serious questions By SEBASTIAN MALLABY LAT-WP FOR sheer slapstick incompetence. 1986 marked a low point in American economic diplomacy. Now there's a small chance that 2005 will match it. In
      LAT-WP; AFP  -  899 words
    • 721 18  -  THE BOTTOM LINE FRANK CHING LAST month, when the United States and Japan for the first time issued a joint statement that mentioned Taiwan as a common security concern, China was furious and accused them of interfering in its internal affairs.
      721 words
    • 1375 19  -  Oil-rich Iraq still imports half its petrol as time, neglect and insurgents sabotage its installations By JAMES GLANZ NYT THE five spindly towers, each 325 feet tall, were silent, with no flames burning at their collapsed and blackened tips. But Abdul Raof Ibraheem, production manager at
      NYT; REUTERS  -  1,375 words
    • 619 19  -  By THANG D NGUYEN YOU might be asking yourself: "Why should anyone read a book on Indonesian law?" It is because navigating the Indonesian legal system is like a walk in an unfamiliar jungle at night. So, if you have to deal with
      AP  -  619 words
    • 468 19  -  LETTER TO THE EDITOR K Bhavani (Ms) Press Secretary to the Minister for Information, Communications and the Arts COMPREHENSIVE and objective coverage of regional issues has been one of the strengths of Singapore newspapers. For Singapore to thrive as a cosmopolitan city-state, our people
      468 words

  • Page 19 Miscellaneous
    • 203 19 CRYPTIC CROSSWORD DOWN 1 Sailors playing cards repeat- 10 Lamb's family game good YESTERDAY'S SOLUTION edly (4,5) for the carpet! (9,3) Across: 1 Barracks, 9 Air force, 10 2 Sore developing following 14 Prepared to put cheese back Flag, 11 Evening-dress, 13 Hopeparking problem? (5) on the shelf for sale
      203 words

  • 9629 20 STRAITS TIMES INDEX STOCKS Stodimmi m Oo— Omoj* Sfdi m Oof Omm Allgrxn 50c 0.30 1.160 -0.010 NOL 2.73 4.080 -0120 BIL Intl US20c 0.49 1.120 OCBC 9.63 13.800 -0 100 C«pmUnd 1.58 2.510 Piflcwty Hldgi 25c 0.74 1.700 -0 040 Chft SwniCond 26c 0.75 1 060 -0.010
    9,629 words

  • 5699 21 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local am In S$ In USS dy yr *dy yr *dy Syr My 7 Incten Ch»nq« Changt Chang* Chang* Chang* Chang* World Index Preliminary 878.7 0.4 3.1 0.2 1.7 0.1 2.1 tEAff Pratiminaiv 810.8 03 49 -03 2.5 -03 2.9 Europe 1118
    5,699 words

  • Page 22 Advertisements
    • 1501 22 I TO USA/CANADA I EXPOHT I OTHER DESTINATIONS Ivgsa Ivor liro TO AUSTRALIA lAUSTRALIA ASIA EXPRESS) OOaUTTBBMM lOEIO OMB 09/83 I 25/03 31/93 01/ M 38/03 3MB 02/04 VBSE VOT fIASMI IWG Ftt W I ST» I MB. AM OOQNMGIO OtCIl 15/03 lfc/03 I 01/04 07/D4 01/84 04/04 04/04 09/94
      1,501 words
    • 855 22 [iwTERASU KORO SCRVK3 vßsa/vor umn) hbshto m w» la m m Slum VanUK 07/05 IS U M/ 03 H/03 31/03 03/04 05/04 STRAITS VWTUKOI/DS 15 3.1 07/04 OT/04 lsmnsvßmtttw/05 is u imm ti/m a/w w/m 411/05 lyffcr AMA/ifNBAI »Q|K> gyg VKSa/VOT Mjggn ~HBGHT(M) I TOK Kg MW M I IWt
      855 words

  • Page 23 Advertisements
    • 865 23 MOL Combiaw T7 rjii LII. J kft a range o* snnxng muuii io wnwi mimif rmM wvpih mm p«» ■> 11 1 A g, M i, n i A -1— 4Lbi A f\l I Mil II norm Miimnu, cuvupv, japan, amv #wwy viw—fc For Schedules, BL Searches, and Container Tracking,
      865 words
    • 1093 23 resa hoy sw jct m\m i* ith m rasa wy sik jkt sw hk iisw pus Iff HO6KSS Ofß 10/3 12/3 17/3 If/3 21/3 23/3 23/3 KMTC STOtt SO4S 13/3 It/3 17/3 22/3 2i/3 27/3 HYHBOtt WIS 17/3 IV3 24/3 26/3 21/3 38/3 30/3 UfICSHANGHAI SQ4S 20/3 23/3 24/3 21/3
      1,093 words
    • 909 23 m WEEKLY EXPRESS SAILING SCHEDULE (ALSO ACCEPTING TO ALL NORTHERN AND WESTER* ICD POINTS I VBSa I VOT ISW 1 PXIAHG I COLOMOO |R. SUVA I COIO—O I 1111 I I I I I ALSO AOVTRM FQ TO COO* IUTKDRM (VU COUMMO) MB UMBU t to* I I(VM N SWVA)
      909 words

  • Page 24 Advertisements
    • 718 24 ufijlf WALLENIUS WILHELMSEN website: http://www.2wglobal.com IK mo HOW MIA MV IM OB IW IRW MOI TAUSMAN AFSOO \iWkm MM I IS/03 17/04 11/04 25/04 14/04 J7/04 TAMNGA Afso7 320fcei 0.25 M I 31/03 22/04 30/04 04/05 00/05 07/0S 10/05 TAPKHA tfsol |400fce»|UM 00/04 04/05 13/05 17/0$ 21/05 10/05 23/05 IMC
      718 words
    • 1113 24 VtSSfl VOT SW HHI __XBI M XI mum 1423W 11/01 n/03 BE8&L -ttii fflftz ttg of 2301 oota 11/03 12/03 mi u/n ism— HKIANPA 14M* 12/03 13/03 cy 2301 ***** 13/03 IS/03 PACIANDA 142SN 13/03 14/03 PACMNOA 142*11 15/03 15/03 gjjgTl |gj {$g— CSf 2301 00W 10/03 17/03 KSi nS
      1,113 words
    • 549 24 BSA ja. l S^^B' r 0 MYANMA BH FIVE STAR UNE (Mvownar NoHoml Um) Loadlag far Yotgoa YESSEI VOY SIN Pitt PEN PGU PAGAN 341W SU HPA-AN MOW SU) ill MALAYSIA: BOUSTEAD SHIPPING AGENCIES KUL/PKL 03 MOSIUI PEN; 04-*****15 ACCEPTIifI CONVENTIONAL C6O KG SM KG SM POM PH. WC MARIS
      549 words

  • Page 25 Advertisements
    • 1148 25 "vr% (T~, I 1). I U 4323-4444/77 Ft* Wtksitr I moi mmrrr sou 14/03 urn 15/03 um \m i\m run v/u ja*"" o 22 IS 5w 55 WAN HAIX7 S0» 21/07 21/02 22/02 23/03 24/02 01/03 04/13 04/B3 "£JJ® WM <*/»l 2V02 2VW 21/02 21/B 01/03 OXII3 MX ETHHBTT $020
      1,148 words
    • 1180 25 I/-T-1 I IMCC MAM: TCL 4221-1533 FAX: 6271-5272 I Arly\ r Ufca LlliCw mi—ibiii mi mi iinwi in"inn I /IJCiI MNGAfotLTQwcjooswrnwcrntTP llMlii j |ypsq |wt |rosw| mu |sw |vbsb vor rasw wh i| I WWW WAS 1 SOM I 16/W |22/wla/M|2«/M li.fWPr I SOW 10/03 17/03 20/03 IMMRAMAS 463 11/
      1,180 words
    • 421 25 ■WMRIoxFCKC 02N05 10-11/03 16-18/03 23-73/031 ■MUiUfITIGaSKY 264* 12-13/03 18 20/03 26 2/03 I WHini 266N IHI/03 23-25/03 31-01/04 I ■■■■■TIGa PEARL 247N If-20/03 25-27/03 01-02/04 JBJJOXRWD ***** 23-23/03 FOIMSCHAIGIH6 ONtf ■MMHI)GBISPinT 100 13-14/03 21 23/03 31-01 '04 ■USUUfIpmJTAN 312 1 9 70/03 27-29/03 044)7/04 |—DOWGFOKTWK 037 22-23/03 30-01/04 09-10/04 MIHHM|Ti6asf«T
      421 words

  • THE BUSINESS TIMES SHIPPING TIMES
    • 7993 26 HA ETA Advertiser Vnstl Voyage Telephone FTA ETA AAmtHmt V«m4 ?<rrf TlliphiM SIN Oaf* Hum Nam* Nwibv Number SM Daat'n Nana Nana Number Nunbar ***** 14/04 NYKBulk SUIJIN 65 *****761 To ABIDJAN (ABJ) 2003 Cote D'lvoire 16/03 21/04 DUBAJ WORLD 2044W *****896 rFMnA/rPMHWA 51?7
      7,993 words

  • MOTORING
    • 586 27  -  Safety is a given for most car makers, but Saab takes a special view of it Reports by SAMUEL EE SOME carmakers may highlight their vehicles' crash test ratings to potential buyers. But at Saab, which like Swedish counterpart Volvo is famed
      586 words
    • 371 27 THE safety features of a Saab are important enough for more than half of authorised distributor Trans Eurokars' customers to buy one based on those attributes. "Safety is a very important consideration for potential Saab customers," said Ong Lay Ling, managing director Eurokars. "For them, it's usually
      FILE PHOTO  -  371 words
    • 677 28  -  'Dynamics 3' to showcase new 320i and 325i in special Padang pavilion By SAMUEL EE BMW distributor Performance Motors is pulling out all the stops and spending almost $2 million to launch the new 3-Series sedan at the Padang over two-and-a-Hftlf weeks. A three-storey
      677 words
  • Page 27 Advertisements
    • 2455 27 Notices This announcement appears as a matter of record only mnnw TEAMSPHERE LIMITED DELONG HOLDINGS LIMITED (A company listed on the Singapore Exchange Securities Trading Limited) A. REVERSE TAKEOVER OF TEAMSPHERE LIMITED BY BEST DECADE HOLDINGS LIMITED. Ths acquisition by Tesmsphere Limited of the entire issued snd psid-up share capital
      2,455 words
    • 299 27 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF NUANSA LEISURE PTE LTD (IN PROVISIONAL LIQUIDATION) NOTICE OF APPOINTMENT OF PROVISIONAL LIQUIDATOR Take notice that Messrs Wee Aik Guan and Tam Chee Chong, of Deloitte Touche, 6 Shenton Way #32-00, DBS Building Tower 2, Singapore
      299 words

  • Page 28 Advertisements
    • 55 28 TOYOTA Toyota hybrid technology: L r~. mm* Its only natural. fr Hybrid Synergy Drive makes it happen. TiT~l r Toyota was the very first to mass-produce Mj technology to I I hybrid technology are combines a the world's highest of fuel efficiency and ultra-low emissions, Toyota's HSD is a more
      55 words

  • EXECUTIVE MONEY
    • 1246 29  -  CHOO ENG CHUAN and CHEONG CHOY WAI explain the intricacies YOU AND THE TAXMAN CHOO ENG CHUAN, CHEONG CHOY WAI By ERNST YOUNG EVERY business needs a roof over its head. The question is do you want to own that roof or rent it? You
      By ERNST & YOUNG; Source: Bloomberg  -  1,246 words
    • 261 29  -  By CHUA BOON LEE STAYING focused on a disciplined asset allocation strategy has not been easy for investors faced with an ever-widening array of choices in the Singapore funds industry. Since the 1980s, many themes have grabbed the fancy of re-turn-starved investors
      261 words
    • 4223 29 UNIT TRUSTS FUNDS up G'teed 5.0/2 t m%/ n UP G teed 7.0/2 1.*****/ up G'teed Find 5 0/3 1.*****/ Fi OT Mara tart Mgt (S'pore) UP G'teed Fwl 7.00 1.0901V Fi SfcEuopeW" QXM Upwwig Fund 5.0/1 0.8620* Fi Star Etrope Bond 126* Upswm Fund 7.<*1 0.*****/ Fi SOrEuropeU- 11S«
      4,223 words
    • 1059 30  -  How should a fund manager value a stock such as Citiraya that has been suspended for a period of time? GENEVIEVE CUA gets some views GENEVIEVE CUA NOT so long ago, Singapore equity unit trusts heaved a sigh of relief that they did not hold
      AFP  -  1,059 words
    • 554 30  -  By GENEVIEVE CUA FOR the first time in a long while, staying in cash may actually be more rewarding than investing in bonds. JP Morgan Private Bank's global head of fixed income Anton Pil believes the risk-return profile of bonds is unattractive at the
      Source: Bloomberg, Bureau of labor Statists, IPMorgan Securities inc.  -  554 words
    • 1042 30  -  By CHRISTOPHER TAN AFTER my last article arguing for term insurance, I told myself that I would stop writing about insurance and move on to something else. However, due to the recent spat on regular premium investmentlinked policies (ILPs), many have encouraged us
      1,042 words
  • Page 29 Advertisements