The Business Times, 12 March 2005
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2005-03-12
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The Business Times
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Title Section15 2005-03-12 1 THE BUSINESS TIMES MICA <P) *****0005 9NGAPORE 85 cents March 12-13, 2005 online at .com.sg15 words
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756 2005-03-12 1 ANGELA TAN - But some brokers seem sceptical about idea By ANGELA TAN [SINGAPORE] The Securities Investors Association of Singapore (SIAS) has asked the Singapore Exchange (SGX) to introduce circuit breakers as an alternative to trading suspension for individual stocks to reduce outbreaks of market panic. SIAS756 words
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Article135 2005-03-12 1 sn 2,***** (-0.79) ST INDEX FUTURES 2.168.00 (+3.00) siMsa 256.73 (-0.51) SIMSa FUTURES 256.70(40.10) MARKETS Friday Chang* KLSE COMP 901.45 +2.13 NIKKEI 225 11.923.89 +58.98 HANG SENG 13.890.93 +34.91 SET INDEX 710.98 -8.55 JAJCAUTA COMP dostd MANILA COMP 2.137.39 -0.03 SEOUL COMP 1,022.79 +24.13 SHENZHEN B 273.42 >5.96135 words
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Article, Illustration829 2005-03-12 1 JAIME EE - BT exclusive One gaming host talks about the table habits of Singaporean high-rollers she knows By JAIME EE [SINGAPORE} Singapore high rollers won't be caught dead throwing dice in their own back yard, putting paid to any thoughts that a casino would attractPHOTO: MORGUEFILE - 829 words
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256 2005-03-12 1 [SINGAPORE] April 18 is the day. will know whether the government will go ahead with plans to build the country's first casino. Acting Minister for Community Development, Youth and Sports Vivian Balakrishnan told Parliament yesterday during the debate on256 words
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Page 1 Advertisements
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Advertisement24 2005-03-12 1 85 cats 8 |H 11! TheTsao of shipping Shipping magnate Frederick Tsao on why cultural management is crucial in the industry RAFFLES CONVERSATION PGS24 words
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Advertisement9 2005-03-12 1 WHEELS F430 Spider A homage I to performance art9 words
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Advertisement11 2005-03-12 1 wrwamm cooking CLASSES Prom Nonya UHB to California rolls PG 2Q11 words
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TOP STORIES
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Article, Illustration886 2005-03-12 2 JEAN CHUA - S f pore's four richest hold on to good fortune Mittal pushes Li Ka-shing out of top place in Asian wealth league By JEAN CHUA [SINGAPORE] Singapore's four richest men Kwek Leng Beng, Ng Teng Fong, Lee Seng Wee and Wee Cho Yaw retained their positions in Forbes' 2005 Billionaires'886 words
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658 2005-03-12 2 DANIEL BUENAS - Suit against Drew Napier lawyers dismissed Retired Indonesian businessman had alleged negligence By DANIEL BUENAS [SINGAPORE] The Singapore High Court yesterday dismissed with costs a suit brought by a retired Indonesian businessman against 42 past and present lawyers with Drew Napier. Alfons Tanumihardja had alleged negligence and breach of duty658 words
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Article, Illustration715 2005-03-12 2 RONNIE LIM - SATURDAY SOAPBOX With crude oil prices nudging record highs, the question is which petrol chain will blink first RONNIE LIM Energy Editor IT ALMOST hit me the other night. As I rounded a bend, there was this giant tail, like an anaconda's, swinging from715 words
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Article754 2005-03-12 2 Sizing up Singapore's telephone companies FANS of Singapore Telecom may think it is a no-brainer to choose the former monopoly among Singapore's three listed telcos. After all, it is still the biggest in many ways compared with its two smaller rivals Star Hub, Singapore's second fixed line operator754 words
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COMPANY NEWS
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Article, Illustration1070 2005-03-12 3 ANGELA TAN - CORPORATE ANALYSIS Sing Tel is the top draw for investors now but M1 and Star Hub are catching up fast, says ANGELA TAN ANGELA TAN NOW that Singapore's three major telcos are listed, investors certainly have more choices. Fans of Singapore Telecom may think it isReuters - 1,070 words
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GRAPEVINE
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Article109 2005-03-12 3 WHEN BT first interviewed and asked the then newly selected Hong Kong leader in 1997 about what he thought of Singapore's prime minister then, Goh Chok Tong, Tung Chee-hwa responded thus: "He has obviously been very successful as prime minister of Singapore. He was a businessman before.109 words
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Article97 2005-03-12 3 A NEW market segment has emerged in the Singapore Exchange. Market observers are fondly calling it, CADAQ a tribute to all the listed firms that have been or are being investigated by white collar crime buster, the Commercial Affairs Department, or CAD. It's also the exchange's fastest growing97 words
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Article144 2005-03-12 3 DBS treasury man Wong Ban Suan reminded us recently that traders do not always have their eyes fixed to their screens. They can be funny, too. And well read. At last month's DBS results presentation, when asked for a view on interest rates, the self-deprecating Mr Wong said144 words
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443 2005-03-12 4 MICHELLE QUAH - WHITE KNIGHTS JP Morgan criticises SingPost even as latter again defends its decision By MICHELLE QUAH MORE condemnation for the SingPost-ACCS deal: this time, from JP Morgan's equity research team, which has called into question Sing Post management's "prior reputation for prudent decision-mak-ing". The443 words
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424 2005-03-12 4 Reuters CITIRAYA Industries, its business stalled and credit lines frozen while police investigate, is keeping its doors open to potential "white knights" even after agreeing to a $100 million bailout. The Singapore-based recycler of electronics waste is willing to consider alternatives to the rescueReuters - 424 words
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Article, Illustration405 2005-03-12 4 KALPANA RASHIWALA - By KALPANA RASHIWALA WHEELOCK Properties (Singapore) could reap a pretax profit of about $116 million from The Cosmopolitan condo on the former Times House site, based on the average $1,100 per square foot (psf) price at which it is selling the project at405 words
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Article, Illustration165 2005-03-12 4 CHEONG Yip Seng will postpone his retirement and extend his term as edi-tor-in-chief of Singapore Press Holdings' English and Malay newspapers division when he turns 62 in June. In an internal memo to SPH employees yesterday, chief executive Alan Chan said Mr Cheong will165 words
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COMPANY BRIEFS
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Article54 2005-03-12 4 NOBLE Group has priced its global offering of US$7OO million 0f6.625 per cent Senior Notes due 2015 at 99.059 per cent of the principal amount. It plans to use the proceeds to extend debt maturity and for possible acquisitions, the global merchandiser of industrial and54 words
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Article46 2005-03-12 4 UNITED Overseas Bank is buying from Thailand's Financial Institutions Development Fund 208.4 million shares in UOB Radanasin Bank for the equivalent of US$77 million. The purchase would increase UOB's stake in UOBR from 83.77 per cent to 99.99 per cent.46 words
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49 2005-03-12 4 SIM Lian Group said its wholly-owned subsidiary Sim Lian (Orchard) is paying $95 million for Hin Seng Garden, a 22,015 square metre property on West Coast Way. It is an en-bloc purchase. Sim Lian's offer has been accepted by subsidiary proprietor.49 words
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47 2005-03-12 4 KEPPEL Land has acquired a 50 per cent stake in China World Investment, a property developer incorporated in Singapore, through its subsidiary Keppel Land China Holdings, for $4.9 million. China World Investment has a stake in a Fuzhou residential development.47 words
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30 2005-03-12 4 ROTARY Engineering's subsidiary, PT Rotary Engineering Indonesia, has been awarded a US$l7.5 million contract to develop a logistics hub in Tanjong Pakis, East Java.30 words
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Article, Illustration363 2005-03-12 4 LIZA LIN - By LIZA LIN LISTED Singapore companies have an edge over nonlisted companies when dealing with firms from China, said Choo Chee Kong, CEO of Westcomb Financial Group yesterday, as Chinese firms viewed them with more respect. "A listed company to the Chinese363 words
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Article, Illustration460 2005-03-12 4 R IVANITHY - STOCKS R IVANITHY Senior Correspondent IT WAS a week in which big caps continued to distance themselves from penny stocks, the gap growing larger with each passing day. If pressed for a reason why money shifted into these big stocks, it would have to460 words
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512 2005-03-12 4 VEN SREENIVASAN - It also signs MOU with Queensland to promote tourism By VEN SREENIVASAN SINGAPORE Airlines (SIA) will only raise its fuel surcharges if the fuel price rises more than US$lO a barrel, chief executive Chew Choon Seng said yesterday. SIA has hedged512 words
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Page 3 Advertisements
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Advertisement275 2005-03-12 3 1 il PROUDLYPRESENTS THE OPTIONS COURSE The Secret to High-Profit Low-Bisk Trading Strategies At this unique FREE SEMINAR, you will learn Harvard-educated hedge I fund manager George how It IS possible to: Fontanels is an => Trade on the USA Major Wbrtd Markets ESS-EIl, PH Trade risking as little as275 words
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Advertisement495 2005-03-12 3 M *amgP -JS&k (Singapore mJfrrTexcil IHRF indian chamber r Mil WF OF COMMERCE PHARMACEUTICAL EXTORT PROMOTION COUNCIL 557 a— >, m»|«■C mn ml On >«•« aaaaMaaxan INUUbI HT Invitation To Meet Indian Pharma Delegation In Singapore High Commission of India in Ei2S22iS!£. collaboration with Singapore 14 March Indian Chamber of495 words
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RAFFLES CONVERSATION
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Article, Illustration2026 2005-03-12 5 DONALD URQUHART - Principled and philosophical, IMC chairman Frederick Tsao tells DONALD URQUHART 'cultural management' is crucial in shipping DONALD URQUHART IN THE vast realm of international commerce, shipping is often seen as the poor cousin of pretty much every other sector. Certainly, it doesn't enjoy the prestige orARTHUR LEE - 2,026 words
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Page 5 Advertisements
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Advertisement76 2005-03-12 5 warn y-— i,^ra^Tr^rT^ p ■■HHHHBHHnnH ■■I y- Sf* 4 "->v> Ha im london» ■oSUBKIIIL£H|!I!KI!B^^^HH jQHKyL ■nEHK^ffinifißKH h 11 SHANGHAI s|em CANOUAN BANG ft TB 4| PHNOM PENH ISLAND PHUKPTa —JLT .a |TaXyi|] \'s,.. MK BASEL BINTAN ~~^W ■B BAH COCkiru LIMA POLYNESIA MONTREUX Raffles* Raffles* swissotel '^^^jm^^liMCTrViMMmMM l ['^mg ,lr^TCfl76 words
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Advertisement61 2005-03-12 5 Rafflesf INTERNATIONAL Hotels Rents The Raffles Conversation is brought to you through a special arrangement with Raffles International Hotels and Resorts. The Traveller's Palm in the Raffles International logo is an apt symbol. Not only has water stored at the base of this palm provided sustenance, the leaves rest in61 words
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PERSONAL INVESTMENT
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Article, Illustration658 2005-03-12 6 R SIVANITHY - Compiled by R SIVANITHY SembCorp Marine March 11 dosing: $1.82 KIM ENG. March 11 SMM wins another new jackup rig contract worth US$l2l million, its fourth in as many months. The new order is once again for its proprietary designed Baker Marine Pacific Class 375 Deep Drilling JackSource: Bloomberg - 658 words
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TRADES TO WATCH
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Article123 2005-03-12 6 CHNG Gim Huat, a substantial shareholder of Ipco International, has continued to snap up shares in the infrastructure projects, turnkey engineering and construction company. In the latest reported purchase, he bought 1.1 million shares in the open market on Thursday, raising his stake in Ipco from123 words
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Article61 2005-03-12 6 CHUANG PECK MING - Compiled by CHUANG PECK MING MEMTECH International chairman Chuang Wen Fu bought 291,000 shares in a married deal on Thursday, raising his stake in the precision moulding manufacturer to 42.35 per cent from 42.31 per cent. The shares were bought at 36.5 cents apiece, or 2.561 words
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Article, Illustration1069 2005-03-12 6 TEH HOOI LING - SHOW ME THE MONEY TEH HOOI LING Senior Correspondent WHILE going through some recently released financ i a 1 results of companies, I came across a curious thing in Sun Business Network. The company, previously Panpac Media before a reverse takeover by Bruno Wu,AFP - 1,069 words
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Article940 2005-03-12 6 For week beginning Mar 7 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS SabHRtW tuy No of Pike JMA*EHOU>mG Tram Shareholder M Sham Mr loforo After Stock Dto Director Co- 000 ShrS C888> C080) LafeTech 10-Mar-05 Christopher Ho Wing-On Buy 895 0.19 ***** 1.70 ***** 1.87 Midas 10-Mar-05 Chen Wei Ping940 words
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Advertisement8 2005-03-12 6 mJEnH Ilfij iIJTn u'IUH JM the Business times8 words
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BT INVESTMENT ROUNDTABLE
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Article, Illustration2414 2005-03-12 7 OVERVIEW Bursa Malaysia's listing on March 18 has generated tremendous interest with its institutional portion oversubscribed almost 40 times. This milestone in the history of the Kuala Lumpur stock exchange has raised expectations and challenges. Pauline Ng: What are your expectations of the2,414 words
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SINGAPORE NEWS
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Article, Illustration406 2005-03-12 8 JOYCE KOH - He'll remain at IMH for psychiatrist to complete sound-mind assessment By JOYCE KOH REMISIER Boon Suan Ban, who is being sued for libel and harassment of Chief Justice Yong Pung How, has to spend another week on remand at the Institute of406 words
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326 2005-03-12 8 MICHELLE QUAH - PREBON YAMANE vs BGC PARTNERS Lou Scotto flew in from the US for yesterday's hearing By MICHELLE QUAH THE chief executive officer of Collins Stewart Tullet took the stand yesterday in the continuing legal saga between rival money brokers Prebon Yamane and §GC Partners. Lou326 words
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Article, Illustration572 2005-03-12 8 ARTHUR SIM - By ARTHUR SIM NTUC INCOME is targeting HDB homeowners who are 70 and above for its proposed reverse mortgage scheme for HDB flats. "We propose to start by offering reverse mortgage to those age 70 years and above." said Tan572 words
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168 2005-03-12 8 DALENA LEE - By DALENA LEE GLOBAL Security Asia 2005 (GSA), the first international conference and exhibition on homeland security in Singapore for the Asia Pacific Region, will be held on March 29-31 at the Singapore Expo. The threat of international terrorism highlights the need for countries168 words
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IN BRIEF
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Article114 2005-03-12 8 THE United Arab Emirates (UAE) and Singapore yesterday signed an economic, trade and technical cooperation agreement, which will lead to the launch of negotiations for a bilateral Free Trade Agreement. The UAE was represented by Economy and Planning Minister Sheikha Lubna bint Khalid A114 words
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92 2005-03-12 8 SINGAPORE, Chile and New Zealand completed the fourth round of negotiations on the Pacific-Three Free Trade Agreement (P3 FTA) yesterday after five days of talks in Queenstown, New Zealand, with Brunei once again participating as an observer, the Singapore Ministry of92 words
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97 2005-03-12 8 PRESIDENT SR Nathan will make a state visit to Australia from March 13 to 18 at the invitation of the Governor-General of Australia, Major-General (Ret) Michael Jeffrey. He will visit Canberra, Hobart and Perth. The delegation includes Raymond Lim, Acting Second Minister for Finance97 words
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107 2005-03-12 8 ABOUT 50 school fields all over the island will be opened for public use under a scheme aiming to maximise the use of sports facilities in Singapore. The fields, which come with toilet and changing facilities, will be available for booking in phases.107 words
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82 2005-03-12 8 GRASSROOTS organisations may apply for a "free-play" grant to develop unused state land in their constituencies into playing fields from April 1. There are currently more than 150 such sites across the island available for community and recreational activities, with no booking required.82 words
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Article, Illustration72 2005-03-12 8 TOP international artists for the Mosaic Music Festival at the Esplanade Theatres on the Bay are being ferried in Volkswagen's new luxury-class saloon, the Phaeton, while in Singapore this week. Those performers include James Moody (above), Barbara Hendricks, Youssou N'Dour, Shirley Horn and72 words
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Page 8 Advertisements
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Advertisement28 2005-03-12 8 Singapore Press £SKS»SIiI A joint project by: W Holdings access all possibilities To find out where the nearest AXS station is, call *****727 (Bam-10pm) daily. Terms conditions apply.28 words
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NETWORK SINGAPORE
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Article, Illustration1352 2005-03-12 9 VIVIEN TEO - LETTER FROM NEW YORK VIVIEN TEO explains her metamorphosis from a person determined to shed her Singaporean skin to a successful Asian publicist in the US VIVIEN TEO A MORNING never passes without my longing for the unmistakable aroma of Singapore'sFILE PHOTO - 1,352 words
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Page 9 Advertisements
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Advertisement151 2005-03-12 9 Vivien is the owner and principal consultant of VROOM Media Group, a public relations and marketing boutique in New York City. She is a fine example of an U^YJLJ' overseas Singaporean whom the Singapore International Foundation keeps in touch with under its Overseas Singaporeans pro- Singapore gramme. The programme fosters151 words
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Advertisement505 2005-03-12 9 1- tmwmmm. f <-r"— ««>,-.»wy"' v tell fcw JftA jffiP {jfcull; jlfl&cWkffc NOTICE OF EXTRAORDINARY GENERAL MEETING LINKS ISLAND HOLDINGS LIMITED (Incorporated in the Republic of Singapore) (Company Registration Number: *****6289K) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting (*EGM") of LINKS ISLAND HOLDINGS505 words
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Advertisement368 2005-03-12 9 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF CREATE DEVELOPMENT A ENERGY PTE LTD (IN CREDITORS' VOLUNTARY LIQUIDATION) CO. REG. NO. *****2242 C Extract of the minutes at the Extraordinary General Meeting of members of Create Development Energy Pie Ltd convened and held at368 words
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Advertisement942 2005-03-12 9 A Links Island Holdings Limited mum*ll* *i NOTICE IS HEREBY GIVEN that the Annual General Meeting of UNKS ISLAND HOLDINGS LIMITED (the Company") w« be held at 10 Eunos Road 8 #06-31 Singapore Poet Centre Singapore *****0 on Friday, 6 April 2006 at 10.00 a.m. lor the following purposes: AS942 words
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ECONOMY WATCH
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579 2005-03-12 10 Lehman says Beijing's shift to euros worries nervous investors Bloomberg [LONDON] China's central bank cut the share of its currency reserves held in dollars and raised holdings of euros, according to Lehman Brothers Holdings. China held 76 per cent of reserves inBloomberg - 579 words
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360 2005-03-12 10 LATEST US DATA Reuters Bloomberg [WASHINGTON] A surge in imports of consumer goods pushed the US trade deficit to a wider-than-expec-ted US$5B.3 billion in January, the second biggest on record, the government said yesterday. The Commerce Department said US exports rose 0.4 perReuters; Bloomberg - 360 words
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Article, Illustration639 2005-03-12 10 NYT Reuters [WASHINGTON] Two top Federal Reserve officials argued on Thursday that the United States' record level of foreign indebtedness was unlikely to pose a major risk to the nation. "The resolution of our current-account deficit and household debt burdensNYT; Reuters; AFP BLOOMBERG - 639 words
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Article4253 2005-03-12 10 UNIT TRUSTS FUNDS upciMdstn i.044s» UPG'«nd7.(R 1.*****/ UPCfcedftiKHOO 1071/ Uf G'ted Ftml 7.00 1 *****1 Stat brope fcqly 0*1# Upswmg Fuid 5.0/1 0.8622/ Star Eirape Bond 126V Upswra Find 7 Off 0.*****/ Star turopeBal 1148/ 0*6103/ UPSWING RJNO 5 0/2/100% *****3/ Sar Asia Bond.... 1.26V SW»« 5/1/105% *****8/ B 14,253 words
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Advertisement20 2005-03-12 10 Allianz (jTT) Dresdner PIMCO Global Real Return Fund rated 5-star by Mercer Investment Consulting Asset Manage^; nt companyreqn.no 1 *****169Z20 words
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MALAYSIA/INDONESIA
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423 2005-03-12 11 Move, which takes effect on March 23, prompted by rising fuel costs Bloomberg [KUALA LUMPUR] Malaysian Airline System Bhd's cargo arm will raise its fuel surcharge by 17 per cent for the first time this year f6r shipments to the US,Bloomberg - 423 words
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Article, Illustration353 2005-03-12 11 AP [KUALA LUMPUR] When the first Malaysian astronaut goes into space, he or she will be able to wear batik and dine on local favourites such as roti canai and sambal belacan. Russia is expected to send Malaysia's first astronaut into space asAP; AFP - 353 words
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264 2005-03-12 11 AFP [KUALA LUMPUR] Malaysia said yesterday it will boost security in the busy Malacca Strait with a 24-hour radar system to guard against attacks by terrorists and pirates. "We want to increase our sensor capabilities, especially at night, using radar to conduct surveillanceAFP - 264 words
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NOTE BOOK
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Article108 2005-03-12 11 Reuters [HONG KONG] China's top shipping group, China Ocean Shipping (Group) Co (Cosco), plans to float its container shipping arm, the world's seventh largest, in a Hong Kong IPO that is expected to raise more than US$l billion. Hong Kong-listed Cosco Pacific Ltd, which leasesReuters - 108 words
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Article82 2005-03-12 11 AFP [BEIJING] ING Group NV and Deutsche Bank AG plan to buy nearly a quarter of the shares in Bank of Beijing, one of China's largest city banks, state media reported yesterday. The European giants plan to take a combined 24.98 per cent of theAFP - 82 words
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Article89 2005-03-12 11 Bloomberg [HONG KONG] Swire Pacific Ltd, one of Hong Kong's biggest landlords, may start building a 1.6 million square foot office building in the city this year, financial director Martin Cubbon said yesterday. Swire has cleared the site, near its existing office buildings in QuarryBloomberg - 89 words
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Article88 2005-03-12 11 Reuters [HONG KONG] Indonesia's second-largest telecoms company, PT Indonesian Satellite Corp Tbk (Indosat), has mandated Goldman Sachs and JP Morgan for a US dollar-denominated bond, a market source said on Thursday. No details on the size and timing of the issue were given. Indosat, 42Reuters - 88 words
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55 2005-03-12 11 Bloomberg [HONG KONG] Citic International Financial Holdings Ltd, a Hong Kong lender controlled by China's biggest investment firm, said second-half profit rose 37 per cent. Net income in the six months ended Dec 31 rose to HK5478.2 million (5599.3 million) from HK5349.6 million inBloomberg - 55 words
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Article67 2005-03-12 11 Bloomberg [NEW DELHI] India's industrial production growth slowed in January as production at steel and power companies was hurt by a shortage of raw materials such as coal, economists said yesterday. Production at factories, utilities and mines rose 8 per cent from a year earlier,Bloomberg - 67 words
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Article55 2005-03-12 11 Reuters [MUMBAI] ICICI Bank Ltd, India's second-largest bank, said yesterday it will buy a 6 per cent stake in its mutual fund venture from UK's Prudential group, taking its holding to 51 per cent. The fund, Prudential ICICI Asset Management, has 179 billion rupeesReuters - 55 words
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Article56 2005-03-12 11 Reuters [KUALA LUMPUR] Malaysia's sole pay-TV operator said yesterday it will enter into a joint venture with Lippo Group to tap into the Indonesian market. Astro, controlled by Malaysian tycoon Ananda Krishnan, has said it is keen to expand in the region, particularly in Indonesia,Reuters - 56 words
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Article68 2005-03-12 11 AFP [BEIJING] A cancer-causing agent at the centre of a European health scare has been found in 12 provinces and municipalities across China, including Beijing and Shanghai, sparking recalls of suspect products, state media said yesterday. The red dye, Sudan-I, was first discovered last weekAFP - 68 words
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Article2324 2005-03-12 11 vol Wj 1.14 -002 t»11 W- ft FTEC Resources *35 -001 470 Furqan Bus. Org. .033 unch 1378 AtMRealty —1.56 0.01 19 Gadang 1.40 -0.02 1102 Abhc 046 0.02 93 Gamuda 5.15 0.05 2075 ACPkvfcjAilU —1.10 uncti 2 General Corp 0 46 unch 155 Advance Synergy2,324 words
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Advertisement888 2005-03-12 11 Xo/ices fffPf IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF BENTLY NEVADA SALES AND SERVICE SINGAPORE PTE LTD (In Members' Voluntary Liquidation) Company Rag. No.: *****4554K NOTICE OF RESOLUTION Al on Extraordinary General Moating of the Company held at 240 Tanjong Pagor Rood #12-00888 words
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GREATER CHINA
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Article, Illustration439 2005-03-12 12 Okay Airways makes maiden flight from Tianjin to Kunming AP AFP [BEIJING] China's first private airline of the communist era launched its maiden flight yesterday, taking off from the eastern city of Tianjin for Kunming in the south-west. The launch of Okay Airways CoAP; AFP - 439 words
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331 2005-03-12 12 System failed to detect transfers by 4,000 bank officials AFP [BEIJING] China's banking system is not only awash with debt. Loopholes in its supervisory system have allowed 4,000 officials to flee with US$5O billion in cash, state media reported yesterday. "The current loopholes inAFP - 331 words
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Article263 2005-03-12 12 Bloomberg [BEIJING] China Mobile (Hong Kong) Ltd, the world's largest mobile-phone company by subscribers, had a 40 per cent increase in fourth-quarter profit on growth in services targeted at rural areas. Net income rose to 13.1 billion yuan (552.6 billion) from 9.36 billion yuanBloomberg - 263 words
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Article7315 2005-03-12 12 Transaction date: Mar 11 52-Wh Tal Last Vol Day LMtQmte Grttv Mv GrVW Nat MCap Low Cada Coaqpwy Sala *4- COW> Hl» law Sa»ar Cw W hi 21 5716 lit Software Sc 45 unch 692 4.5 4.5 112 345 155 3148 8TeleeomUS2t 17 unch 446 17 17 177,315 words
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INDIA
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553 2005-03-12 13 Air travel demand expected to boost India's domestic airline earnings Bloomberg [MUMBAIJ Shares of Naresh Goyal's Jet Airways (India), the nation's biggest domestic airline, may rise 10 per cent when they trade for the first time on Monday, as investors betBloomberg - 553 words
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Article382 2005-03-12 13 But bank's private equity business still set to grow ten-fold Reuters [MUMBAI] A rush of funds into India has made its assets pricey, raising a nearterm hurdle to Standard Chartered Bank's plan to boost its Indian private equity operation, the bank's global head of the businessReuters - 382 words
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321 2005-03-12 13 Reuters [NEW DELHI] The chairman of Bajaj Auto, India's second-largest motorcycle maker, said yesterday he expected to resolve by June a dispute with his brother over the price for his minor stake. Shishir Bajaj, who runs sugar firm Bajaj Hindusthan, wants a premiumReuters - 321 words
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Article2596 2005-03-12 13 Transaction Date: Mar 11 STRAITS TIMES INDEX STOCKS Stock MM Wt do» Chang* Stock mm Wt Oooa Chang* Stock rum Wt On* Chang* Allgreen 50c 0.30 1.160 -0.010 HKLandUSIOc 3.11 2.630 <0.010 STEngglOc 1.76 2.450 -0.010 BM. Intt US20c 0.49 1.130 -0.010 How Par Corp 0.47 5.350 -0.050 STATSChP25c2,596 words
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ASIA-PACIFIC/WORLD
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Article, Illustration752 2005-03-12 14 CHRISTOPHER REED - LIGHT REED Abductors of the troublemaker actor won't know what hit them CHRISTOPHER REED News that aiQaeda planned to kidnap Hollywood star Russell Crowe as a "cultural destabilisation plot" against America makes one wonder about the terrorist group's vaunted power and cunning, feared so752 words
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Article, Illustration49 2005-03-12 14 [BANGKOK] The Thai capital's fashion scene has always been bold. This year is no different, with leading Thai couturier Saksit Pisalasupones perking up the Bangkok International Summer Fashion Week 2005. Sprightly models walked down the ramp on Thursday in fun. sharply-themed. Saksit-designed summer garb. APAP - 49 words
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352 2005-03-12 14 AFP [BANGKOK] Thai Prime Minister Thaksin Shinawatra yesterday named his country's first elected sin-gle-party government. He kept his current finance minister but moved foreign and health ministers from posts they held throughout his previous term. Foreign Minister Surakiart Sathirathai, one of two ministersAFP - 352 words
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Article, Illustration601 2005-03-12 14 Pet stores to drug firms to financial planners eye them Reuters [NEW YORK] As US baby boomers get ready to turn 60, a different set of industries is looking for a piece of this generation's estimated US$2 trillion in annual buying power. A varietyReuters - 601 words
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309 2005-03-12 14 AL LABITA - It says market has begun showing signs of a rebound By AL LABITA in Manila [MANILA] Malaysian tycoon Robert Kuok's listed Manila flagship weathered last year's property market downturn, booking earnings higher than most analysts had forecast. In a report on Thursday309 words
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464 2005-03-12 14 Reuters NYT [SAN FRANCISCO] Intel Corp on Thursday said sales in the current quarter have been better than expected across its entire product line, and its factories struggled to keep up with demand. The largest semiconductor, while raisingReuters; NYT - 464 words
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WORLD WATCH
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69 2005-03-12 14 Reuters [SEOUL] Shareholders of SK Corp voted in favour of retaining the oil refiner's fraud-convicted chief executive at an annual meeting yesterday. Dubai-based Sovereign Asset Management, SK's second-biggest shareholder with 15 per cent stake, has been leading a bid to unseat chiefReuters - 69 words
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70 2005-03-12 14 Bloomberg [SEOULI Samsung Electronics Co, the biggest shareholder of Samsung Card Co, and three other stockholders agreed to a 1.2 trillion won (Ssl .9 billion) bailout for their credit-card affiliate, the second in a year. Samsung Electronics will buy 557.6 billion won of newBloomberg - 70 words
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93 2005-03-12 14 Bloomberg [TOKYO] Japan's ruling party scrapped legal changes that would have made acquisitions easier for overseas companies. The Liberal Democratic Party yesterday postponed enforcement of the Commercial Code changes that would have allowed overseas companies to use stock traded in other countries to payBloomberg - 93 words
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MOTORING
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Article, Illustration961 2005-03-12 15 SAMUEL EE - Wolfgang Huppenbauer convinces SAMUEL EE that Mercedes-Benz's steroid-induced AMG range of cars are 'fun, safe and fast' DRIVING STYLE SAMUEL EE YOU could say Wolfgang Huppenbauer is the perfect poster boy for Mercedes-AMG, the high-performance division of the brand with the three-pointed star. Powerfully built and steely-eyed, heCHRIS LOH - 961 words
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Article, Illustration1000 2005-03-12 15 GEOFFREY EU - F430 Spider exemplifies Ferrari's devotion to performance art, says GEOFFREY EU GEOFFREY EU SOMEWHERE along a sundrenched Italian country road en route to Maranello this week, the driver of a big truck lifted both hands off the wheel and clasped them in praise as he1,000 words
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GOLF
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Article, Illustration1014 2005-03-12 16 JU K TAN - While teeing up on the treacherous Santiburi Samui courses in Thailand, golfers can also enjoy a breathtaking view of Chaweng Beach and the pretty islands nearby, says JU K TAN JU K TAN TELL someone you are building a golf course in Koh Samui, and they would probably1,014 words
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Article3132 2005-03-12 16 Transaction date: Mar 11 For a full listing of the closing prices, log on to BT Online at http://business-times.asial.com.sg after 11.30pm every trading day HONGKONG vg EganaGoidpfeii... 1.84 unch ***** Aeon Credit .5.20 -0.10 16 Esprit Holdings _....55.75 -1.00 3248 :::::::::::::iio 0.15 *2 375 Alpha General 0.69 unch3,132 words
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WELLNESS
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Article, Illustration848 2005-03-12 17 PEPPER LEE - Not all calories are equal, and nutritionist Patrick Holford explains how to tell them apart and keep waistlines in check, says PEPPER LEE PEPPER LEE HERE'S a paradox while obesity has been escalating in the Western world for the past 10 years, studies reveal that the averageARTHUR LEE - 848 words
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Page 17 Advertisements
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Advertisement140 2005-03-12 17 jßKmw^^^^^^^Mßllb^^B^^WlilliiiiTillliTTTLp* rt/ >* liliVilVl«\ Br y%\% jliiW'' W* H? «w" -"v tX/f y Jfc V't' 'l jx,%>^ SSp* i^b■ i muhl fc&> i. BmSST HBk'S I HH 11 hi i' 1H999E81&}» BraHgx bop IS MKtAttJAte-o^^^^^^Bßß^BE!^' BE f iSBrA 1 raill tflu*-u 1 A* JT' Tt- 24&h .illKilg.'irfßr^^B^BßßMf!-, r^^BMI^^^MMBB^^^MI I •y!140 words
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SHOPPING
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Article, Illustration1176 2005-03-12 18 CORINNE KERK - With some 95 per cent of women suffering from cellulite problem, body contouring items are catching up with other beauty products here, says CORINNE KERK CORINNE KERK YOU may not be fat, but you've stopped going to the pool because you fear the jiggling cellulite on your thighs1,176 words
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Article, Illustration239 2005-03-12 18 PEPPER LEE - By PEPPER LEE THE recent launch of Shunji Matsuo's 2005 Spring/Summer Hair Collection, presented by Shunji and his group of international directors, featured a kaleidoscope of hair colours, ranging from shocking and bold to warm and natural shades. The collection categorised in the genres of Rebellious, Passionate,239 words
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IN STORE at the malls
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Article, Illustration56 2005-03-12 18 CALLED the Cactus bag, it is bound to stand out in an urban desert. Made of calf leather with enamelled buckle and chain, the choice of colours available include vanilla, shell pink, white stark, onyx black and cinnamon brown. Priced at $813, it is available at Furla56 words
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Article, Illustration64 2005-03-12 18 MIKE CHUA - Compiled by MIKE CHUA A TABLE clock that faces up? That's only part of its novelty. The handpainted "cheese" clock measures 17 cm by 14cm and stands 9 cm high. The clay clock from Spain sells for $198. It sits pretty on a metal serving tray ($49) with64 words
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Article, Illustration95 2005-03-12 18 THE recently launched iPod Photo (Mac/Win) can take up to 15,000 songs or up to 25,000 photos wherever you go. You can also connect it to a TV or a projector for an impressive slideshow, complete with music! It comes with a sharp, vivid two-inch colour LCD95 words
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PURSUITS
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Article, Illustration1630 2005-03-12 19 GEOFFREY EU - GEOFFREY EU travels to one of those rare places where time actually seems to stand still GEOFFREY EU EARLY morning wake-up calls are a standard requirement of any visit to Luang Prabang, an ancient royal city in landlocked Laos where the usual travel cliches regarding sleepy riverineZXY - 1,630 words
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Page 19 Advertisements
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Advertisement584 2005-03-12 19 wine&dine withweekendBT Ah Hoi's Kitchen lunch and dinner Dim-sum lunch served daily. 30% off dim Wines for parties. weddings, gifts or for pure enjoyment Le Parkway Parade. Trt *****080/6345 SSI I Traders Hotel Poolside, (above sum from 2pm from Mon-Fri (excluding public holidays) r Vigne goes to great lengths to584 words
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FOOD
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Article, Illustration2191 2005-03-12 20 CHEAH UI-HOON - CHEAH UI-HOON goes back to school to check out the status of Singapore's culinary education CHEAH UI-HOON THERE was a time that if you wanted to learn cooking, you either went to a community centre or turned to classified ads to look for someone offering lessons on dimCHRIS LOH - 2,191 words
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Page 20 Miscellaneous
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Miscellaneous178 2005-03-12 20 CRYPTIC CROSSWORD 2 Masefield's main complaint top of the bill? (8) YESTERDAY'S SOLUTION 3 Unfmoortant persons making 14 B( omin 9 un '<°™ for a Across: 4 Matchbox, 8 Hairdo, 9 living of murders difficult 6 tartc?™ in'monastic es--4 Beheaded it would be even tabhshments (8) Dhabi, 19 Navy-blue, 21178 words
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