The Business Times, 29 March 2005

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Total Pages: 40
1 40 The Business Times
  • 13 1 THE BUSINESS TIMES SlNGAPOKfcobcents online at http-7/business-times.asial.com.sg MICA (P) 089/03/2005 Tuesday, March 29,2005
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  • 635 1  -  Poor February output numbers a blow to expectations By ANNA TEO [SINGAPORE] Apy recent build-up of optimism about the economy's first-quarter growth all but fizzled out yesterday with the release of unexpectedly weak February manufacturing figures. The 10.2 per cent year-on-year fall in
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  • 897 1  -  Govt pact to boost capacity will help, but latest talks fail to make progress By VEN SREENIVASAN [SINGAPORE] While Jet Airways and Air Sahara will put downward pressure on Singapore-India airfares, ticket prices are unlikely to tumble sharply as long
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  • Page 1 Advertisements

  • TOP STORIES
    • 576 2  -  Commercial space to be sold to private developer to operate By ARTHUR SIM [SINGAPORE] A 25,000 sq m shopping mall will be one of the main attractions of the new Clementi Town Centre announced yesterday by the Housing and Development Board. Roughly
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    • 517 2  -  Surge is not likely to be worrying, however By S JAYASANKARAN in Kuala Lumpur THE relaxation on capital controls for residents by Bank Negara Malaysia, the country's central bank, could provoke an immediate outflow of funds, analysts say. But it's
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    • 701 2 India expects FTA with S'pore to be ready soon GIVING strong endorsement to greater economic cooperation with Singapore, India's finance minister said yesterday that a free trade agreement between the two countries should be ready in the next couple of weeks. Speaking at the inaugural global business leaders
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    • 643 4  -  Finance minister says pact in final stages; country on liberalisation path By AMIT ROY CHOUDHURY [SINGAPORE] Giving strong endorsement to greater economic cooperation with Singapore, India's finance minister said yesterday a free trade agreement between the two countries should be ready
      LIANHE ZAOBAO  -  643 words
    • 799 4  -  It can provide real value such as long product life cycles By CHEN HUIFEN [SINGAPORE] Fund managers and would-be investors should consider the intellectual property (IP) of biotech firms when they evaluate such companies, industry observers say. Part of the reason tfcat
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    • 135 4 STI 2.***** (-7.09) ST INDEX FUTURES 2,146.00 (+7.00) SIMSCI 254.59 (-1.00) SIMSCI FUTURES 255.10 (+0.20) MARKETS Monday Change K1SEC0MP 885.44 +2.04 NIKKEI 225 11.***** +31.20 HANG SENG dostd SET INDEX 682.98 -434 JAKARTA COMP 1.100.24 -1431 MANILA COMP 1.986.95 -12JO SEOUL COMP 977.70 +12.40 SHENZHEN 8 259.89 +0.22
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  • Page 2 Advertisements
    • 341 2 Money Markets Work! Short term on and off balance sheet money market instruments Dates A sawy guide on the wide disposition of money market products other 26-27 April 2005 than the plain deposit/loan Certificates of Deposits, Commercial 9.00 am to 5.00pm Paper, Bankers Acceptance, Treasury bills, Repurchase Agreements y (Repos).
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    • 31 2 We've made a haul! M£& Share the good news with your investors Releasing a financial statement? Call 1800 289 8822 or email notices&sph.com.s<} to book your advertisement in our newspapers now.
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  • Page 3 Advertisements
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  • Page 4 Advertisements
    • 1260 4 NOTICE IS HEREBY GIVEN that the Annual General Meeting of China Paper HolcHnga Limited ("Company") will be held at 2 Stamford Road Level 4 Raffles City Convention Centre Clark Room Singapore *****2 on Thursday, 21 April 2005 at 10.00 am for the following purposes: AS ORDINARY BUSINESS 1. To receive
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  • COMPANY NEWS
    • 647 5  -  HOCK LOCK SIEW By R SIVANITHY WITH all the publicity focused on structured warrants of late, it seems that attention may have been diverted away from the company-issued variety, many of which now languish in thin volume. This is a pity, because company-issued
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    • 567 5  -  It plans ad blitz for its next very important market By JOYCE KOH IMAGINE facing a captive crowd of 7,000 people packed into a Hong Kong concert hall eager tp hear what you have got to say. This is no pop concert, but a seminar
      FILE PHOTO  -  567 words
    • 337 6  -  The unit's legal advisers say 'the request and claim is without merit' By JOYCE KOH SINOMEM Technology yesterday said it is involved in a US$2 million legal dispute over a technology agreement it entered into two years ago with Pharmesis International. Sinomem said its
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    • 239 6 MAINBOARD-LISTED Tianjin Zhong Xin Pharmaceutical Group yesterday posted a 17.4 per cent fall in net profit for the year ended Dec 31, 2004. The China-based company, which is principally engaged in the manufacture of Chinese medicine, reported net profit of 68.7 million
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    • 275 6  -  By DALENA LEE TECHNOLOGIES from Singapore are starting to cause ripples in the world IT market, if the US government contract that Singaporean company Stratech Systems has just clinched is something to judge by. The 16-year-old company yesterday announced that it
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    • 417 6 Growing demand for water treatment services there Bloomberg HYFLUX LTD, Singapore's biggest publicly traded wa-ter-treatment company, said it wants to bid for projects with a local partner in India to take advantage of the growing demand in the world's second-most-popu-lous nation. The Singapore-based
      Bloomberg; FILE PHOTO  -  417 words
    • 43 6 LEGEND: All prices are indicative; Broadly Diversified; Narowly Focused; S Lower Risk Low to Medium Risk: Medium to High Risk;** Higher Risk; open-ended; Before subdivision of units; After subdivision of units; SP after stock split; N.A. Non Dealing Day
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    • 275 7  -  The company's net revenue rose 24.3% to 3.36t rupiah By SAMUEL EE STRONG growth, mainly from its financial services division, boosted Jardine Cycle Carriage associate PT Tunas Ridean's net profit by 88.3 per cent to 152.7 billion rupiah (5526.7 million) in 2004. Jardine C&C owns
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    • COMPANY BRIEFS
      • 40 7 SINGAPORE Airlines yesterday reported that it had sold and leased back, on an operating lease basis, a Boeiqg 777-200ER aircraft. The aircraft was sold to a Japanese lessor owned and arranged by Mitsui.
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      • 97 7 SESDAQ-LISTED Asia Water Technology, which deals with water purification and wastewater treatment, yesterday reported a 28 per cent jump in net profit to 24 million renminbi (S$4.64 million) for the financial year ended Dec 31,2004, from 18.8 million renminbi previously. The company's revenue rose
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      • 79 7 MAINBOARD-LISTED Tat Hong Holdings, yesterday said its wholly-owned subsidiary, Tat Hong Heavy Equipment, has entered into a joint-venture agreement with THL Foundation, a subsidiary of CSC Holdings, in relation to the capitalisation of a joint venture company called THLEngineering. The joint
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      • 59 7 MAINBOARD-LISTED Keppel Corp said yesterday that its offshore rig and ship conversion and repair unit, Keppel Fels, had won a US$128.8 million contract to build a jack-up rig for Seatankers Management. The company said the rig will be delivered in the third quarter
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      • 66 7 CONSUMER electronics company Enzer Corporation yesterday ■•Announced the appointment of Ting Puong Huat as chief operating officer. Prior to joining Enzer, Mr Ting worked as director (corporate group) with International Enterprise (IE) Singapore. His working experience also includes being director of Enterprise Consulting at
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      • 98 7 MAINBOARD-LISTED Singapore Technologies Engineering said yesterday that its marine arm, Singapore Technologies Marine, has signed contracts for two feeder container vessels worth $85 million. The vessels are options provided for in the contract with Shreyas World Navigation. The first vessel is signed
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      • 92 7 MAINBOARD-LISTED forestry, pulp production and construction company United Fiber System (Unifiber) said yesterday that it has issued an advance notice for $600,000 to Cornell Capital Partners as partial repayment of its $7.5 million loan note. Unifiber had, in December last year, secured a
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    • 278 7  -  By CAROLYN QUEK SYSTEM Access, a software solutions provider for the banking and financial services industry, has its sights set on a Sesdaq listing. The company headquartered in Singapore lodged its preliminary prospectus with the Monetary Authority of Singapore
      FILE PHOTO  -  278 words
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  • Page 6 Advertisements
    • 34 6 DIT Europazins Best Bond burope f-una over Iyr, 3yrs and syrs category* <& rated aA Ly Standard Hoor s. Allianz (Hi) Dresdner Asset Management Source: The Edge-Lipper Singapore Funds Awards 2004 company regn. no *****7169Z
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  • Page 7 Advertisements
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  • SINGAPORE MARKETS
    • 536 8  - No window-dressing of STI yet STOCKS Local market's tepid showing includes a feeble defensive play involving Fortune Reit R SIVANITHY Senior Correspondent Anyone hoping for first-quarter win-dow-dressing of the Straits Times Index (STI) would obviously have to wait until later this week, judging by the tepid showing yesterday. Left to
      Source: Bloomberg  -  536 words
    • 199 8  -  By DANIEL BUENAS ASIA Power Carp's non-executive chairman has more than halved his direct and deemed stake in the company. The mainboard-listed company said yesterday that Wong Sow Voon now owns just 34.7 million shares or 9.89 per cent, down from 91
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    • 724 8 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS SubuMial No of Met UUMMHOMG Shareholder Buy I Shares Per Before After Stock Trans Date Director Sell '>00 Shc> fOOB) fBBB) Asia Power 28-May-05 Wong Sow Voon *Sell ***** 0.15 ***** 25.92 ***** 9.89 Asia Power 28-Mar-05 Yin Hongzhong *Buy ***** 0.15 0 f
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    • 1028 8  -  Compiled by JOYCE KOH Olant International March 28 dose: 80 cents DBS VICKERS SECURITIES, March 28 FANTASTIC business model: Olam is a fully integrated" supply-chain manager for commodities like rice, cocoa, sugar, cotton and wood. Integration from the farm gate to the factory door means the recapturing of profits
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    • 530 8  -  CURRENCIES LARRY WEE Senior Correspondent THE US dollar continued to make fresh highs in holiday-thinned trading conditions yesterday, challenging a key resistance area at four-month highs of 107 yen amidst rising concerns that the US central bank may up the pace and quantum by
      Source: Reuters  -  530 words

  • Page 9 Advertisements
    • 219 9 Jet Airways, India's largest airline starts daily non-stop flights to Mumbai soon. With one of the world's youngest fleets at an average age that's-below best luxuries, a sumptuous spread of gourmet meals and a variety of 5 years, this young Indian will be the face of modern India. On board
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  • SMEspotlight
    • 509 10  -  Four to five Enterprise Development Centres will be set up this year and they'll be run by associations, reports DANIEL BUENAS DANIEL BUENAS HELP for small and me-dium-sized enterprises (SMEs) in Singapore to upgrade and even expand overseas is here. And more is on the
      ZAOBAO  -  509 words
    • 1089 10  - Kiddy Palace where children are king By JOSEPHINE TAY FROM a single store in Yishun's North to heartland king of childrejAfiMroducts Kiddy Palace has indflHftne a long way since 1992. Staring out in a 1,000 sq ft shop in North Point, Ong Tze Hsiung, executive director of Kiddy Palace, recalls
      ARTHUR LEE  -  1,089 words
    • 450 10  -  By CHEN HUIFEN ESTABLISHED SMEs in Singapore welcome the set up of the Enterprise Development Centre Asme yesterday, mostly wishing that they had had such a onestop resource channel when they first started their time saver and a platform to link help seekers with the assistance
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    • 1472 11  -  CONNECTING BUSINESS WITH HSBC What problems do SMEs face in getting financing? Where can they go for help? CHEN HUIFEN finds out CHEN HUIFEN Q: SMEs have the notion that going abroad requires a massive amount of financial resources. What are your views on that?
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    • 348 13 THE UOB Sesdaq Index beat the Straits Times Index (STI) for the first time in more than two months in the week to yesterday. And so did our small cap portfolio. For the week to yesterday, the STI slipped 1.5 per cent while
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    • 951 13  -  SMALL CAPS Despite a weak IPO debut, not all hope is lost for potential investors, says WONG WEI KONG WONG WEI KONG As far as initial public offerings (IPOs) go, CNA Group has so far been a major disappointment. A disastrous first day outing has
      FILE PHOTO  -  951 words
    • 567 14  -  EMA set to appoint external consultant to review draft of Network Code By RONNIE LIM WORK has begun towards meeting Singapore's end-of-the-year target to open up the gas market. Industry players have been providing feedback on a draft of the Network Code
      AFP FILE PHOTO  -  567 words
    • 439 14  -  By DANIEL BUENAS THE University of Pennsylvania's Wharton leading business school in the United States, will be holding its Asian Global Alumni Forum here next month. This marks the first time since the forum's inception 14 years ago that Singapore will host the
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    • 277 14 SINGAPORE Prime Minister Lee Hsien Loong heads for the Laotian capital of Vientiane today on the first stop of his Indochina visit, which rounds up his introductory tour of Asean capital cities. Mr Lee will also visit Myanmar and Cambodia, to discuss regional
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    • SINGAPORE ROUNDUP
      • 92 14 MINISTER Mentor Lee Kuan Yew is on a visa to Hong Kong which started yesterday and continues until Friday. He will Ije addressing the Citibank Legacies of Leadership dinner and luncheon. During his visit, MM Lee will meet Acting Chief
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      • 102 14 THE speed limits on 43 roads will be increased from April 1. In a joint statement yesterday, the Land Transport Authority and the Traffic Police said "raising the speed limits at these locations will allow motorists to travel at reasonable, realistic and safe
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      • 91 14 The Minister for Transport, Yeo Cheow Tong, is in Beijing and Chongqing on a visit which started yesterday and continues until Saturday. He will be meeting Zhang Chunxian, the Chinese Minister of Communications, to sign a protocol amending the China-Singapore Maritime Transport Agreement. Mr Yeo
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  • Page 10 Advertisements
    • 752 10 SGA SOCIE=T£ G£N£RALE ACCEPTANCE N.V. (Incorporated in the Netherlands Antilles with limited liability) NOTICE TO WARRANTHOLDERS To: (1) ALL HOLDERS OF EUROPEAN STYLE CASH SETTLED CALL WARRANTS RELATING TO THE ORDINARY SHARES OF KEPPEL CORPORATION LIMITED ISSUED BY SGA SOCl£T£ GEN£RALE ACCEPTANCE N.V. UNCONDITIONALLY AND IRREVOCABLY GUARANTEED BY SOCl£T£ G£n£RALE
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    • 400 10 In The Matter Of The Companies Act. Cap. 50 And In The Miner Of Rainbow Optical Communications Pte Lid Corapny Reg. No. *****1192K (In Memberi'Volunuiy Liquidation) a a «m;t_ -11 t_ iridDucri Twuniirj ▼virtuing up At an Extraordinary General Meeting of the Member* of the aboveaamed Company duly convened and
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  • Page 11 Advertisements
    • 99 11 Kftij (in 1 1; J PlT'nH^r 11 r.r> Ju£E f HUHHHHH^H||^^^^^^nHHßn^HHHH^^(|AUn|r I .nHJI v J£ A l* t€ JE fefa^^Lfl v mi (Ailldl I 4a ,£k ilHl^^BEi-- LXIf jha The Ink Awards are back and this is your last chance to submit your best ads. Remember, the Grand Prix winner
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  • Page 12 Advertisements
    • 910 12 A JOB RE-CREATION PROGRAMME FEATURE BY NTUC, SNEF AND WDA H m f a P"*!" I lit 1 Wri <=a a« t BMiflß k; -fiK i 1 I I I V 'jZjSf v, /_-J| m I IB f j igaaTMWi lir^^Mrl 7 'fl I 1 I -"I I BBIP- .m,;
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  • Page 13 Advertisements
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  • Page 14 Advertisements
    • 1167 14 To adveTtis< <*1* toll fr** IBCO 28 9 8822 Email: notketOsph.com.sg PROGEN HOLDINGS LIMITED Company Registration No: *****5118 C (Incorporated In The Republic of Singapore with limited liability) NOTICE IS HEREBY GIVEN that the Annual General Meeting of Progen Holdings Limited ("the Company") will be held at 12 Woodlands Loop,
      1,167 words
    • 22 14 m tianhe Zaobao m I j Direct sale jc I different lifroi ST I L_.—.says vice-chairman of DSASI fl J I II
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    • 31 14 3 PJ 1 THAT nn hCi Recruft the right people (tfrcughllie Straits Times Rem*.' 3 C Cai 1800 289 8822 or enal I recruit9sph.com.sg ""J toedwrtise. i t ™d u i
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  • Page 15 Advertisements
    • 44 15 Terms and conditions: Promotion ends 30 June 2006. The Lamborghini Gallardo is without COE, registration, insurance and road tax. Accessories not included. Colours and specifications may vary according to availability. For more details on the lucky draw, visit www.dbs.com/sg/cards. Other terms and conditions apply.
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  • Page 16 Advertisements
    • 2650 16 nera) Nera Telecommunications Ltd (Company Registration No. *****2690R) (Incorporated in Singapore with limited liability) NOTICE IS HEREBY GIVEN that the Annual General Meeting of Nera Telecommunications Lid ("the Company") will be held at 109 Defu Lane 10, Singapore *****5 on 14 April 2005 at 11.30 am for the following purposes:
      2,650 words
    • 2368 16 nera) Nera Electronics Ltd (Company Registration No. *****Q191E) (Incorporated in Singapore with limited liability) NOTICE IS HEREBY GIVEN that the Annual General Meeting of Nera Electronics Ltd (the "Company") will be held at 109 Defu Lane 10, Singapore *****5 on 14 April 2005 at 11.00 a.m. for the following purposes:
      2,368 words

  • THE BUSINESS TIMES Investors' Guide to SGX-listed companies
    • 666 17 STOCKMARKET sentiment this year has vacillated between confidence-inspiring ebullience when the Straits Times Index (STI) set five-year highs and nerve-wrack-ing uncertainty when news of corporate scandals popped up month after month. It would seem that in the face of such fluctuations, caveat emptor, or buyer beware, would
      FILE PHOTO  -  666 words
    • 1658 18  -  R SIVANITHY examines the reasons for the index club's outperformance R SIVANITHY WHAT do the following stocks have in common Brilliant Manufacturing, Datapulse, Avimo, Elec Eltek, Freight Links and Thakral? Or perhaps Econ International, Hotung Investments, Serial System and Advanced Systems Automation? Each of this seemingly
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    • 1167 24  -  Investors must look out for many factors like issue size, price, use of funds, sector and competition, writes WONG WEI KONG WONG WEI KONG FOR many retail investors, the initial public offering (IPO) is often the most popular way to
      FILE PHOTO  -  1,167 words


  • Page 19 Advertisements
    • 868 19 I, THE BUSINESS TIMES KQ]A'A!Mi!?>l AN INVESTOR'S GUIDE TO SGX-USTED COMPANIES I Ezra Holdings Limited E&Pactivity in the oil and ''4ss3tt\nx«. sector remains buoyant and the Wk 1 \yV6rVI6W firm demand for young and IpV Ezra Holdings Limited ("Ezra") is an offshore support and well-equipped offshore support marine services specialist
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  • Page 20 Advertisements
    • 666 20 THE BUSINESS TIMES AN INVESTOR'S GUIDE TO SGX-LISTED COMPANIES I H Asiapharm Group Overview Established in 1994, Asiaphaim specialises in the research, China 's pharmaceutical market has grown 10 to development, production and sale of pharmaceutical drugs 15 per cent annually for the last 15 years and is and new
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  • Page 21 Advertisements
    • 924 21 I THE BUSINESS TIMES BBBSBBIMfIWBBBBB AN INVESTOR'S GUIDE TO SGX-LISTED companies I ISBBBBBBBBBBBBBBBBBBBBBBBBBBBBB *********************************** Petra Foods Limited Jigft t dflK-- Customisation, innovation, reliable and Listed on the SGXMainboard on 5 November 2004, Petra Foods Limited is the network, the right people, world's fourth largest manufacturer of cocoa ingredients under the
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  • Page 22 Advertisements
    • 582 22 II THE BUSINESS TIMES BBEBfllßlMlßflffliM AN INVESTOR'S GUIDE TO SGX-LISTED COMPANIES I B Surface Mount Technology Ltd B Overview «We are very satisfied the ur QBA results in 03 FY2005. We have With a history tracing back to 1986, Surface m Mount Technology (Holdings) Limited (SMT) very strong strategic teams
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  • Page 23 Advertisements
    • 1207 23 THE BUSINESS TIMES AN INVESTOR'S GUIDE TO SGX-LISTED COMPANIES Singpu Chemicals Ltd. U The global chemical industry cycle is I ABm C JWDrVIDU/ on an upward trend. Investors who IT" TT want to capitalise on this opportunity Listed on the Main Board of SGX-ST on 6 August 2003, can look
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  • Page 24 Advertisements
    • 482 24 fmftmmm AN INVESTOR'S guide to sgx-listed companies Vita Holdings Limited As China establishes itself as one of the largest va tf/SKk■ Ai'iilf vjvervi manufacturing hubs, the need for raw materials flS|j well as trading activities in and out of the country I w| Established in 1998, Vita is continue to
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  • ECONOMY WATCH
    • 300 25 AP [JAKARTA] Deputy US Defense Secretary Paul Wolfowitz will focus on measures to boost economic growth, cut poverty and clamp down on graft around the globe if he is elected World Bank president later this week, he said in an interview published
      AP; REUTERS  -  300 words
    • 548 25 But others point to corruption, poor policies, politics, draw of China Reuters [MUMBAI] The prospect of cutting through India's red tape and negotiating its labyrinthine politics would deter most infrastructure bankers. Far easier to go to can-do China. But Rajiv Lall sees such
      Reuters  -  548 words
    • 415 25 Bloomberg [WASHINGTON] US payrolls probably grew by more than 200,000 workers for a second month in March and consumer spending likely rebounded in February, providing evidence that increased hiring is giving the economy a boost, according to economists surveyed ahead of reports this
      Bloomberg  -  415 words
    • 253 25 AFP [BEIJING] China's growth in textile and clothing exports will slow following a surge early this year that triggered calls for safeguard measures against Chinese producers, a commerce ministry official said yesterday. Vice Minister of Commerce Zhang Zhigang said Chinese textile makers would focus
      AFP  -  253 words
  • Page 25 Advertisements
    • 268 25 one-way upgrade to Business (lass on your rt&xt trip! i -►Tokyo Singapore gj■ iIL U I I ■l w/ jl |9BL 'j/0- 1 IIH 4 t Tmiih A conditions: x BMbttltyi Applicable for one Bonneat Chu or two Economy dm [muet be under the tame ptimyrt nemel adult round-trip detect
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  • Page 26 Advertisements
    • 1923 26 8t UNISTEEL UNISTEEL TECHNOLOGY LIMITED NOTICE IS HEREBY GIVEN that the Annual General Meeting of Unisteel Technology Limited will be held at the Registered Office, No. 33 Loyang Crescent, Loyang Industrial Estate, Singapore *****4 on Friday, 15 April 2005 at 10.00 a.m., for the following purposes: AS ORDINARY BUSINESS: 1.
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    • 221 26 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF MONTVILLE INVESTMENTS PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) CO. REG. NO. *****4831R NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN thai a Final Meeting of the members of the abovenamed company will be held at 20
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    • 30 26 WeVemadef a haul! 48$ Share the good news > with your investors Releasing a financial statement? Call 1800 289 8822 or email noticesOsph.com.sg to book your advertisement in our newspapers now.
      30 words
    • 2112 26 (Z) ZHONGHUI HOLDINGS LTD. (Incorporated in the Republic erf Singapore) NOTICE IS HEREBY GIVEN that the First Annual General Meeting of the Company will be held at the STI Auditorium, 168 Robinson Road 9th Floor, Capital Tower, *****12 on Tuesday, 12 April 2005 at 11 am. to transact the following
      2,112 words
    • 1780 26 IN THE MATTER OF THE COMPANIES ACT, CAP.SO AND IN THE MATTER OF UNITED MATRIX PTE. LTD. Co. Reg No.: *****5288E (In Members' Voluntary Liquidation] At an Extraordinary General Meeting of the company duly convened and held at 11 Keng Cheow Street #02-11 Singaporeos96oB on 26 March 2005 at 10.00
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  • MALAYSIA/INDONESIA
    • 716 27  -  INDONESIA INSIGHT SHOES KAGDA Jakarta Correspondent SIX months after losing the presidency, Megawati Sukarnoputri is fighting to save her political legacy. This week she is seeking her third successive five-year term as leader of the Indonesian Democratic Party-Struggle (PDIP), which she formed in 1996 and led
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    • 25 27 [JAKARTA] Two Indonesian artists painting a giant Easter egg during exhibitions at Sea World here on Sunday to commemorate Easter REUTERS
      REUTERS  -  25 words
    • 4 27
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    • 374 27  -  By S JAYASANKARAN in Kuala Lumpur BANK Negara Malaysia, or BNM, made an impressive net profit of RM2.I billion (Ss9o9 million) for the year ended Dec 31, 2004. That's one of the largest profits in the central bank's history and it underscores the relative
      374 words
    • 207 27 Reuters [KUALA LUMPUR] Malaysia gave real estate developers greater access to the bond market yesterday, lifting restrictions that had been designed to tackle a property glut. Developers will no longer be banned from using bond sales to fund developments like houses worth more
      Reuters  -  207 words
  • Page 27 Advertisements
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  • GREATER CHINA/INDIA
    • 764 28 Regulator wants lenders to identify officials involved after CAO scandal AP Bloomberg Reuters [BEIJING] China's banking regulator has called on the country's banks to strengthen risk controls when trading derivatives after a Singapore-listed Chinese jet fuel importer lost US$55O million by using
      AP; Bloomberg; Reuters; REUTERS  -  764 words
    • 435 28 Reuters AFP [BEIJING] China plans to use money tied up in stateowned assets to deal with a boom in retirees expected in 15 years' time, state media reported yesterday. State assets, such as stock in large companies, will be converted into funds that can
      Reuters; AFP  -  435 words
    • 189 28 AFP [BEIJING] Chinese companies may soon be allowed to list simultaneously on both domestic stock markets and in Hong Kong, the state-run China Business Weekly reported yesterday. Simultaneous initial public offerings (!Po»).now being discussed by Chinese and Hong Koniljoulators will help stem a growing trend
      AFP  -  189 words
    • 597 28 It plans to invest in Australia, South Africa, Bangladesh Bloomberg [MUMBAI] The Tata Group, whose sales of cars, appliances and computer software account for 5 per cent of India's annual exports, said it's investing in Australia, Bangladesh and South Africa to increase overseas
      Bloomberg; Source: Bloomberg; Photo by: ARTHUR LEE  -  597 words
    • 298 28 Bloomberq [BEIJING] China named a centra] bank assistant governor to head the nation's foreign-exchange regulator amid government concern about an inflow of funds speculating on the yuan and pressure to revalue the currency. Hu Xiaolian will replace Guo Shuqing at the State Administration of Foreign
      Bloomberq  -  298 words
    • NOTE BOOK
      • 65 28 Bloomberg [BEIJING] China Petroleum Chemical Corp (Sinopec) has appointed 43-year-old Wang Tianpu as its president, Xinhua news agency said on its website yesterday. The current president, 63-year-old Wang Jiming will remain vice-chairman, state-run Xinhua said, citing chairman Chen Tonghai. It reported Mr Chen as saying the
        Bloomberg  -  65 words
      • 108 28 Reuters [BEIJING] Chinese consumers are becoming increasingly popular targets of international Internet scammers, or "phishers", hoping to con the country's growing ranks of Web surfers of their money. Phishing—in which hackers combine spam e-mails with slick impostor websites to trick consumers into giving out bank
        Reuters  -  108 words
      • 104 28 AP [HONG KONG] More than half of Hong Kong's population want acting leader Donald Tsang to remain in charge, a newspaper poll said yesterday. Ex-chief executive Tung Chee-hwa's permanent replacement is to be elected by an 800-member committee on July 10. The Ming Pao Daily
        AP  -  104 words
      • 101 28 AP [SHANGHAI] A Chinese crackdown on gambling is seeing scores of casinos along its borders with Russia and Myanmar closing, official media reported yesterday. The dearth of high-rolling Chinese gamblers has forced all but one of the 82 Myanmar casinos along the border with southwestern China
        AP  -  101 words
      • 103 28 AFP [HONG KONG] Hong Kong is being used as a dumping ground for hi-tech waste from all over the world by traders illegally selling the harmful trash to China, Greenpeace claimed here yesterday. The environmental lobby group said it had found five sites in the
        AFP  -  103 words
    • 152 28 Reuters [BANGALORE] India's booming technology capital of Bangalore invited global applications yesterday from consultants to help implement a more than US$9OO million metro railway project to cater to the city's growing population. State-run Bangalore Mass Rapid Transit Ltd (BMRTL), which advertised for the
      Reuters  -  152 words

  • ASIA-PACIFIC/WORLD
    • 550 29 The company was also ordered to pay US$90m in patent infringement case Reuters AFP [TOKYO] Sony Corp has been ordered by a US court to halt sales of its blockbuster Play Station consoles in the key US market and pay US$9O
      Reuters; AFP  -  550 words
    • 210 29 Reuters [SEOUL] Shareholders of Woori Financial Group yesterday vetoed a plan to pay executives of the country's third largest bank some US$l2 million in stock options. State-run Korea Deposit Insurance Corp (KDIC), a restructuring agency that holds 80 per cent of Woori Financial Group, voted
      Reuters  -  210 words
    • 485 29 Biggest leveraged buyout in 15 years since Nabisco in '89 NYT Reuters [NEW YORK] A group of America's biggest financiers have agreed to buy SunGard Data Systems for US$ll.3 billion, making it the largest leveraged buyout in almost 15 years, and highlighting a trend
      NYT; Reuters  -  485 words
    • WORLD WATCH
      • 130 29 Reuters [LONDON] MTS, the Rome-based electronic bond market, has shortlisted four companies trying to buy it, the Financial Times reported yesterday. The shortlist was understood to comprise global news group Reuters, eSpeed, the electronic bond trading arm of broker Cantor Fitzgerald, pan-European bourse operator Euronext
        Reuters  -  130 words
      • 85 29 Reuters [TOKYO] A Japanese court has ordered Sumitomo Metal Industries to pay 63 million yen (*****,000) in compensation to four current and former female staff for sexual discrimination in wages and promotions, Kyodo news agency reported. The Osaka District Court's ruling, handed down almost a
        Reuters  -  85 words
      • 89 29 Reuters [LONDON] The job market is getting hotter in London's financial arena, with the number of job vacancies up 22.6 per cent in February over January and salaries on the increase, according to a recent survey. Recruitment firm Morgan McKinley's latest city job survey found
        Reuters  -  89 words
      • 105 29 AP [PISA] The Italian city of Pisa is set to get another Leaning Tower. More than 600 years after this city's most famous monument went up, officials here have approved construction of a modern office building about skm south-east of the original that will
        AP  -  105 words
      • 88 29 Bloomberg [BANGKOK] Siam Cement, Thailand's largest maker of cement and petrochemicals by market value, said it supports a merger of its 25 per cent-owned National Petrochemical with affiliate Thai Olefins. Thailand's biggest energy company PTT, which owns 38 per cent of National Petrochemical and 45 per
        Bloomberg  -  88 words
    • 344 29 [LONDON] BNP Paribas could be forced to cut back a 9 billion euro (5519.1 billion) bond investment portfolio because new accounting standards render its existing risk management techniques unworkable, reports the Financial Times quoting a senior executive. This is one of
      344 words
    • 455 29 Info needed on insurance products that hide firms' earnings weakness Reuters [LONDON] US investigations into whether insurance companies used questionable transactions to bolster financial position are growing. Insurance regulators in the state of Georgia are set to request information from Lloyd's of
      Reuters  -  455 words
    • 285 29 NYT [SAN FRANCISCO] Luxtera, a small startup based in California, planned to announce a new class of silicon chips yesterday that blur the line between electronic computing and optical communications. The chips, which contain both traditional electronic circuits
      NYT  -  285 words

  • AVIATION
    • 759 30 Chinese, Indian airlines may order more planes than earlier expected Bloomberg [DUBAI] Boeing Co, surpassed in the last two years by Airbus in the delivery of commercial aircraft, said it may raise its forecast for 2006 deliveries because of higher-than-expected demand from
      Bloomberg; REUTERS  -  759 words
    • 397 30 AIRLINE CODES: AA: American Airlines (AAL), AF: Air France (AFR), AI: Air India (AK), AY: Finnair Oy (FIN), AZ: Alitalia Airlines (AZA), BA: British Airways Public Ltd Co (BAW), BG: Biman Bangladesh Airlines (BBC), BI: Royal Brunei Airlines Sdn Bhd (RBA), BO: Bouraq Airlines (BOU), BR:
      397 words
    • 502 30 Reuters [MEMPHIS, Tennessee] Entering the local Indian or Chinese markets is among the possible investments FedEx Corp is considering as it tries to capitalise on rapid growth in the region, executives say. With both China and India expected to grow rapidly
      Reuters  -  502 words
    • 235 30 Bloomberg [BRUSSELS] Virgin Express Holdings, the low-cost airline that earlier this year agreed to merge with SN Brussels Airlines, narrowed its fourth-quarter loss after reducing operating expenses. The airline, based in Brussels, narrowed its loss for the period to 4.45 million euros (559.5 million) from
      Bloomberg  -  235 words
    • 728 30  -  COMMENTARY By PETER CAPELLA AFP SWITZERLAND'S top airline, after being one of the hunters during the *****, succumbed to upheaval in the European air travel market last week to become the prey of German carrier Lufthansa. The takeover of Swiss International
      AFP  -  728 words

  • SHIPPING
    • 568 31 It is also planning to buy new, larger ships in the longer term: CEO [LONDON] Singapore's Neptune Orient Lines (NOL), the world's sixthbiggest container shipping line, is looking at possible acquisitions to expand its operations, the Financial Times reported yesterday. In an interview
      FILE PHOTO  -  568 words
    • 203 31 AFP [HONG KONG] A high-speed ferry collided with a cargo barge in Hong Kong's busy harbour yesterday injuring 15 people as thick fog reduced visibility to just 100 metres, officials said. The cross-border Chinese ferry carrying 46 passengers collided with the
      AFP  -  203 words
    • 293 31  -  By EVELYN DUFFY in Perth AUSTRALIA'S Port Adelaide has been given the state government go-ahead for the As4s million (Sss7 million) channel deepening project. Work will start in April for the project, due for completion late this year, to dredge the shipping channel
      293 words
    • 221 31 Bloomberg [JINZHOU] Jinzhou Port Co, a port operator in northeast China's Liaoning province, had a more than fourfold increase in fourthquarter profit as surging Chinese economic growth bolstered demand for shipments of oil and coal. Profit rose to 14.9 million yuan (552.96 million) from
      Bloomberg  -  221 words
    • 287 31 m > ooo| Mar 28 St W- Vol CH Offshore .OJS -0.01 181 ChuanHup .--..0.72 0.01 574 Cotco Corporation 1.67 -0.01 4018 CWT Distribution 0.61 unch 0 EriMdgi 1.09 unch 134 Freightunfcs. 00« unch 61 Grand Banks Yacht 1.01 unch 100 Java Holdings —1.07 0.01 263 K1 Venture
      287 words
    • 724 31 Near-record oil prices expected to fuel expansion of offshore industry Reuters [SINGAPORE] Singapore's rig-builders, whose share gains have dwarfed the rise in the broader market so far this year, could rally further as high oil prices revive exploration and production, analysts said.
      Reuters; FILE PHOTOS  -  724 words

  • EDITORIAL & OPINION
    • 555 32 EDITORIAL TO hear Australian Prime Minister John Howard say it, his country's central bank would be commiting a grievous mistake if it raises banks' benchmark rate to 5.75 per cent on April 5. Two weeks ago, the Australian Reserve Bank hiked interest rates 25 basis points
      555 words
    • 769 32  -  THE BOTTOM LINE YOGI AGGARWAL REFORM of the financial sector is a key prerequisite for the transition to a market economy competing globally. While the Indian equity and financial markets have transformed themselves, most of India's older banks have remained bastions of the bureaucratic
      769 words
    • 919 32  -  Renewed tensions between Japan and Korea will take a big toll on Asia's top economies WILLIAM PESEK JR Bloomberg WELCOME to the "Year of Korea-Japan Friendship". At least that's what 2005 was supposed to be a time when two key Asian economies put aside historical tensions
      Bloomberg; AFP; REUTERS  -  919 words
    • 1038 33  -  If enough people start thinking pessimistically, the US dollar will lose value rapidly By DANIEL ALTMAN IHT IS the writing on the wall for the US dollar? Researchers at one big fund manager say it is, but the markets haven't read along just Since
      IHT; REUTERS  -  1,038 words
    • 132 33  - Stop fighting, SingTe l, Starhub Denis Distant Singapore I REFER to the ongoing spat between Sing Tel and Starhub over the issue of leased cable lines and am concerned about the warnings that if Starhub accepts the new terms of Sing Tel, then subscribers may be hit with unacceptably high
      132 words
    • 567 33  -  LETTERS TO THE EDITOR Leong Sze Hian Singapore I REFER to media reports about the Senior Minister of State for Health's announcement that the Ministry of Health (MOH) wants to introduce pre-marital testing for Aids and that MOH is also considering
      567 words
    • 262 33  -  Tan Kok Tim United Kingdom I REFER to your report "Some bidders kept posted in case casino gets go-ahead: sources" (BT, March 24). Prime Minister Lee Hsien Loong said that casino-counsel-ling centres would be set up to help gambling addicts when we have the casino.
      262 words

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  • Page 33 Miscellaneous
    • 309 33 CRYPTIC CROSSWORD ACROSS bel (4,5,4) 1 Fellow is not dim (5) 5 Does he hesitate before being 4 Out in front of the wicket (3,6) n charge? (4) 8 Supplementary words of 6 Bulb in contact with charged Mountie, perhaps (5) particle (5) 9Mr Sabbini rewrites Jewish 7 Eastern male
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  • 2497 34 SGX XTRANET tt-Wk Tel Last Vol Day LwlQuott GrWv Dtv GrYM MM MCap HHfc tow Cede Company Solo W- COOP) Htfl low My Sefcr Cw HE fcJl 6065 Diamonds US2060cd 2120 6095 IS DJ US Tech US3740xd 3800 6097 IS MSG Spore US555 6101 ISS&P500 US8270xd- 6170 SPDRS
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  • 3350 35 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES kitaoiarr hi St la IBS dy X ft dy Xyr dy %yi Mf 25 hdg Chang* Chug* SSB SSE SSK SBB WojM Inda Preliininaiy IB05 00 -02 00 -12 OO jj I tAff Prefcrmary 797.6 OJ 33 OJ 02 1145 turopePrrtmnay *****0 OjO
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  • Page 36 Advertisements
    • 1822 36 wmvr \j Ltß B IIM IMPORT ~1 NORTH AMERICA jj 1 1 AUSTRALIA/NEW ZEALAND I «uPwgHurmßXPHtiig(a«xi [Australia asia express (aax) 1 1 —1 "1 VESSEL VOY LG4 SIN PKG >" J 'I'" fl ll 'I 1 1 1 VESSa VOY ME SYD MB. AM Ri SIN PKG PtO NEDUOYD HOUTMAN
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    • 702 36 [XTWAHA KOtO ICtVia VKsa/VQY umyr) hbghtw ho km ia sw jkt siiAmvDmw 07/05 is ii 25-24/03 a/03 01/w 04/04 04/04 STUfTS VENTURE 08/05 IS 3.2 OMt/04 11/04 IsmmvßmiKw/os is u 20-21/04 23/04 n/04 01/05 oyos lowwowwwtoMwia I VBSa/VOT gjjggn HBGWTXM) I LP SX I JKT MB SYD MB. U* FKt
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    • 812 37 MOt Combiim C o fonQi o» smppoKj modes lo tnturt hmwy, nNM mtvkm cownnj wifljof ports n r lorih America, Europe, Jopon r Asio, Africa Qcooom» SUSAN KWANGYANG SHANGHAI YANTIANTXIAMEM QMGOAO/BOAWAN JAKARTA SUKAIAYA KAOHSBN6 MM6BOK lAINCHAIAN6 wXWIMW MSN WIPANO fBIANC POtT KHANS For Schedules, BL Searches, and Container Tracking, visit
      812 words
    • 945 37 rasa vov aw pkg sa. a?i §\^~M==^=#=i= IGOLDEH MERCHANT lsO7N I 17/4 I IV4 I 15/4 -I PBimBPGt 07M 14/4 It/4 ♦VSt gJng brtti Worth Weg port VESSEL VOY PKG SIN HKG SUA UP HSK _sB_| ___ffl_ WBTHMOOI QUE 3/4 4/4 12/4 14/4 PBOHBBPGE 077S 3/4 5/4 VItLEDtMAK DIE TS7T
      945 words
    • 659 37 S<j92S&* WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AMD WESTERN ICD POINTS VESSEL VOT SW |p.KLANG| COLOMBO IILSHEVA COLOMBO in Httiiin mi 2LM&L *"jj l 03in mm IWacottm parecocMK nmcnaM omcolomboTa* uweuV goal (VIA N SHIVA) OONCCTM MOTHB VSU TO RJROPE (FHJXSTOWf, ROTTHDAAU HAM—O AND LAST COAST USA
      659 words

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      759 words
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    • 35 38 KOHO MEAKBULK SCRVICi ETA SIN LOADING FOIL 06/04/05 All AUSTRAUAN RASt PORTS 09/04/05 CHrTTAOONO, HALDtA, ttUJWUU 14/04/05 PURAI, SHARJAH Abo aecuptktg emyom tm Hart Klang War Bmmkk t§ A Hritfat CoN: 6266-5645, 6261-0660 liiwßi w»lw»o»i.oi>R>ikii«»iili<l.uiii>.n
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      557 words

  • THE BUSINESS TIMES SHIPPING TIMES
    • 7031 39 EIM CI* AovemMT VMHI voy age itttpnorw SIN DmCh Nmm Nmm Naafetr Nunbar To ABIDJAN (ABJ) 2003 Cot* D'lvoire 05/04 18/05 CMACGM NORASIA HAMBURG 509-49 *****800 07/04 18/05 China Shpg K0TA MUTIARA MTR185 *****056 07/04 18/05 China Shpg PERTH BRIDGE 077A *****896 10/04 05/05
      7,031 words
  • Page 39 Advertisements
    • 102 39 One-Stop Shipping Services Ship Registrations Ship Classifications Radio Accounting Tuvalu, Mongolia, Panama, Quality, Safety, Security SSfVICSS Belize and many other flags Surveys and Consultants Accounting Authority RSO6 HI Most competitive fees low taxes ||H 24-hour efficient service, 365 days a year pM Worldwide network of surveyors No restriction on nationality
      102 words

  • PROPERTY
    • 368 40 'Dark cloud' as developer misses its sales targets by a long way A HEALTHIER property market should see primarymarket sales of 6,500 to 7,000 private homes in Singapore a year—against the 5,785-unit sales which developers actually managed to chalk up last
      368 words
    • 268 40  -  By KALPANA RASHIWALA DEVELOPERS enjoyed relatively brisk sales over the long weekend. Centrepoint Properties sold more than 40 units at its 8 Mount Sophia condo between Friday and Sunday. The developer has crossed the 160-unit mark in its sales for the project. To date it
      268 words
    • 798 40  -  Luxury residences, long-term projects seen as attractive By KITTY TAN SHANGHAI'S real estate market has attracted a great deal of interest from institutional investors over the past two years, with investment banks like Morgan Stanley, AIG Group, Lehman Brothers and Macquarie
      REUTERS  -  798 words
    • 478 40  -  By GRACE FENG BEUING is enjoying a fastgrowing local economy and the city's vast investment in city infrastructure for the 2008 Olympic Games will continue to stimulate domestic consumption and attract foreign companies. Multinationals are expected to invest more as they move
      AFP  -  478 words
  • Page 40 Advertisements
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    • 36 40 30 RAFFLES PLACE CALTEX HOUSE Prime Grade "A" office space for lease 2,153 to 23,110 sqft available Fitted units available Upgraded lift lobby with concierge service Asking rate $4.50 psf/mth All agents welcome. Full commission payable
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    • 40 40 OFFICE SPACE AT THE HEEREN 260 ORCHARD ROAD From 700 to 4,100 sq ft Bare units available Column free layout Raised flooring 5 mins. walk to Orchard Somerset MRT Magdalene 6839 7222 Jelena 6839 7223 Swm Cheng Management Pte Ltd
      40 words