The Business Times, 1 June 2005
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2005-06-01
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The Business Times
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Title Section15 2005-06-01 1 THE BUSINESS TIMES SINGAPORE 85 cents online at http://business-times.asial.com.sg MICA (P) 089/03/2005 Wednesday, June 1,200515 words
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Article, Illustration747 2005-06-01 1 SIOW LI SEN - MAS stance seen stemming rise in interbank rates By SIOW LI SEN [SINGAPORE] Local banks' fixed deposit rates for amounts above $50,000 have fallen a fact that may be lost amid the highprofile savings and fixeddeposit promotional campaigns by foreign banks. The implication forSource: Bloomberg - 747 words
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817 2005-06-01 1 KALPANA RASHIWALA - Suntec doing due diligence for portfolio of more than $500 m By KALPANA RASHIWALA [SINGAPORE] City Developments is understood to be in discussions to sell several of its office buildings, worth more than $500 million, to Suntec Real Estate Investment Trust. The817 words
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Advertisement142 2005-06-01 1 FRENCH Hff S'PORE STOCKS Market cap soars pgB EXEC MONEY One financial adviser's contrarian views PG32 B mm AVIATION ACCORD The local market for estate investment trusts is abuzz. Read about the new players and their funds I ■111 8 "*****1"*****4 Martutf MftrtMiPf 4 Exclusive 18k solid gold movement Mr142 words
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Advertisement30 2005-06-01 1 BT ONLINE Access to BT Online is free after 6pm each day. But print subscribers can access our online news anytime. Call 6388-3838 to subscribe and activate your online account30 words
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TOP STORIES
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Article, Illustration767 2005-06-01 2 CHUANG PECK MING - It also calls on employers to make more use of variable bonuses By CHUANG PECK MING [SINGAPORE] Singapore's tripartite National Wages Council has urged employers to give low-wage workers bigger pay increases this year and to make more use of variable bonus767 words
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Article118 2005-06-01 2 IN yesterday's report "SGX proposes more stringent listing rules", we said the Singapore Exchange feels that its proposal to require a company's board and CEO to provide annual confirmation that its internal controls are working properly would impose ait external audit requirement. This is incorrect. The confirmation118 words
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Article515 2005-06-01 2 NWC urges bigger pay rise for low-wage workers SINGAPORE'S tripartite National Wages Council has urged employers to give low-wage workers bigger pay increases this year and to make more use of variable bonus payments to keep up the momentum of wage reform. While the NWC also recommended built-in515 words
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Article, Illustration650 2005-06-01 4 ARTHUR SIM - Sources say they may have features not usually found in conventional Reits By ARTHUR SIM [SINGAPORE] Venture capitalist and former banker Finian Tan is getting ready to launch two new Reits, or real estate investment trusts, industry sources say. The Reits are650 words
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Article141 2005-06-01 4 sn 2,161.77 (-10.15) ST INDEX FUTURES 2,172.00 (-2.00) siMsa ***** (-1.56) SIMSa FUTURES 256.70 (-0.20) MARKETS f mrw'iii Tufsday Chang* KISECOMP 860.73 -9.23 NIKKEI 225 11,276.59 +10.26 HANG SENG 13.867.07 +21.97 SET INDEX 667.55 -0.65 JAKARTA COMP 1,088.17 +25.21 MANILA COMP 1,929.38 +42.77 SEOUL COMP 970.21 +1.17 SHENZHEN141 words
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681 2005-06-01 4 DANIEL BUENAS - Wife says Ching Cheong is wrongly accused By DANIEL BUENAS [SINGAPORE] China has accused a Straits Times journalist of spying for foreign intelligence services an offeiMttJirtufih carries the deatirjfttrawy. Ching Cheong, ST's chief China correspondent, was detained in Guangzhou on April 22. Earlier reports681 words
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378 2005-06-01 4 LATEST US DATA Bloomberg Reuters [NEW YORK] US stocks fell yesterday as a report showing that business activity in the US Midwest rose at a much slower rate than expected overshadowed better-than-expected consumer confidence data. In early trading, the Dow JonesBloomberg; Reuters - 378 words
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Advertisement131 2005-06-01 2 22 vtr- ih.h-.mh .m. We know how the complexities of importing can tie your supply chain up in knots. DHL Import Express smoothens the whole process with just one phone call, whether you're shipping between countries or importing from a choice of over 200. What's more, you get one invoice131 words
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Advertisement21 2005-06-01 3 The Oriental, Singapore 5 Raffles Avenue, Marina Square, Singapore *****7. Telephone: +65 6885 3082 Facsimile: +65 6337 8449 Email: Orsin-melt@mohg.com www.mandarinoriental.com21 words
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Advertisement156 2005-06-01 4 Company Formation 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 cSrect investment Our pioneering spirit, professionalism and156 words
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Advertisement165 2005-06-01 4 Flight eligible for frequent flyer miles. For more ROYAL SJLULS information, call your travel agent or Royal Brunei Sj/J 'ROYAL BRUNEI Airlinee at 6235 4672 or visit www.bruneiair.com I Ihbbuh knmnt The imM|o people. Join the leader in Promotional Advertising Marketing A leading retail franchisor in US$5O billion Promotional Advertising165 words
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Advertisement24 2005-06-01 4 h B 1 125 Years I Ower4oo Locations Worldwide Q Ask us D CallßsrUtztoday6733-7472orvlsltwww.berlitz.com m 501 Orchard Road #05-03/04 Wheelock Place Singapore *****0 jSTß^awjaMEj24 words
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Advertisement553 2005-06-01 5 'v >"" V i *j •1 t ,;r :Ts* *11 sM >v uT -f- f w r ffiff u r y >" ?W/'"-J IfsS T aS. «*'> y\3SZ'? &£»<£&&& i^r"Sssw-v ft rfflT TnilMlff ""T 'I IT T> v "*l fiS*" 4 j nv' r 5 ,-lJk Enjoy better protection than553 words
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COMPANY NEWS
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Article382 2005-06-01 6 MICHELLE QUAH - Oei Hong Leong f through Chip Lian f has boosted his JEL stake to 29.93% By MICHELLE QUAH SUBSTANTIAL shareholder Ishikawajima-Harima Heavy Industries (IHHI) has proposed to acquire the core businesses of Jurong Engineering Ltd (JEL) the company in which tycoon Oei Hong Leong382 words
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363 2005-06-01 6 Reuters SEMBCORP Industries, which controls South-east Asia's biggest logistics firm SembCorp Logistics, said yesterday its options were open for the future of its unit after a newspaper reported it was looking for a buyer. SembCorp Industries, a Singapore conglomerate whose businesses range from theReuters - 363 words
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637 2005-06-01 6 R SIVANITHY - HOCK LOCK SIEW By R SIVANITHY NEWS last week that Accord Customer Care Solutions (ACCS) had overstated 2004 profit by $54 million and has to make additional provisions of $81 million has come as a bitter blow to shareholders, who for the past637 words
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Article, Illustration926 2005-06-01 8 LIZA LIN - Big help from big-caps; billion-dollar club members remain at 65 By LIZA LIN SINGAPORE'S stock market capitalisation resumed its uptrend in May, hitting $387.5 billion for a gain of $6.3 billion. However, membership of the billion-dollar club remained at 65. The turnaround cameBLOOMBERG FILE PHOTO - 926 words
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324 2005-06-01 8 DONALD URQUHART - Acquisition will be its first such investment in China By DONALD URQUHART MAKING its first shipyard foray into China. Keppel Singmarine announced yesterday that it has entered into an agreement to acquire an existing shipyard in Nantong, China. The wholly owned subsidiary324 words
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COMPANY BRIEFS
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112 2005-06-01 8 SESDAQ-LISTED Asia Water Technology, a water purification and wastewater treatment specialist, yesterday announced that it has been awarded 5 million yuan (Ssl million) in research funding by the Wuhan City Science and Technology Bureau. The grant forms part of an eight million yuan112 words
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112 2005-06-01 8 CHINA Enersave said yesterday that it is proposing a bonus issue of up to 57.3 million warrants. The bonus warrants are to be issued free to shareholders on the basis of one warrant for every four existing ordinary shares. Each warrant confers the112 words
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112 2005-06-01 8 MAINBOARD-LISTED Fung Choi Printing and Packaging Group, a printing and packaging services provider in China, said its wholly owned subsidiary, Fung Choi Printing, has established a joint-venture company called Guangdong South Pearl Media Co. It will partner China Southern Airlines Group Culture and112 words
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254 2005-06-01 8 niTiiWn OOSNE* GROSS MNMtt YMRWBED CIUPOW AMOUNT NBBT OfWKOE WKK* REDEMTON EMOtt Ml Ml On) mMNT ACCRUE) fJKLUDMG YBO (ftp*) MB NTERESI ACCRUED MOESI) »>fui 15.***** N*****0A 1998 4 3600.00 1SM 15/10 46 100,86 205 SG********** 01JI22(X)6 N*****0E 2004 1 2700.00254 words
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470 2005-06-01 11 LISA TAN - But it does not expect material impact on group earnings By LISA TAN OSIM International said it is revising its second-quarter results downwards following the sharp losses at 66.71 per cent subsidiary Global Active, but does not expect a material impact470 words
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538 2005-06-01 11 SHOEB KAGDA - By SHOEB KAGDA in Jakarta DBS Indonesia (DBSI) and Bank Internasional Indonesia (BII) have formed a strategic alliance which the two banks say will enable DBSI to expand its presence in Indonesia and position itself for fast-track growth. An agreement signed signed here yesterday538 words
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Article, Illustration414 2005-06-01 11 AMIT ROY CHOUDHURY - Excluding licensing revenue, net losses widen By AMIT ROY CHOUDHURY HOMEGROWN medical device company Biosensors International yesterday reported a 41.8 per cent jump in net profit to US$2l.l million, from US$l4.9 million a year ago in the fiscal year ended MarchFILE PHOTO - 414 words
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Advertisement435 2005-06-01 6 %WM B ul|y kfl |HPk> gf» •so* HV *-r v t <..t?';«v---v Incorporated! in 1983 with its tieadquar fer s*in Singapore, System Access is a banking software products company offering award winning, highly scalable and integrated universal banking software solutions for the global banking and financial services industry. System Access435 words
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Advertisement32 2005-06-01 7 your Dream Future World Best K-~ .f.. w ff e r t S-. a j? y 4*&.-W ''fe-' y -1 Jf _< &*£<*; r L ii r V ';t^S:, J* *'IT\ J i >.*>*■ J&i32 words
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Advertisement127 2005-06-01 8 Data Warehousing Learn the recipe for success! Data Warehouse projects are growing Learn Data Warehousing best practices from in size and their growth is industry experts. accelerating at a fast pace. If your Data Warehousing architecture Learn the importance of technology to ensure cannot scale quickly your business reusability and127 words
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Advertisement40 2005-06-01 8 There was little movement within the top 10, with only a minor reshuffling between OCBC Bank, Jardine Strategic and Jardine Matheson for fourth, fifth and sixth spots respectively. Within the top 20, there were also sizable gains in share prices.40 words
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Advertisement61 2005-06-01 9 a i H H V S nnmOA AyTrktrfc-nC BORNEO MOTORS (S) PTE LTD 33 LENG KEE ROAD. SINGAPORE *****2. LEXUS SALES TEL: *****288/*****811/*****822/*****833. OPEN MON-SAT: BAM TO 7.30PM. SUN: 10AM TO 6PM CO LEXUS DUI 11CU IVlUlUlo LEXUS SERVICE CENTRE TEL: *****826/*****827. FAX: *****651. OPEN MON-FRI: BAM TO SPM. SAT:61 words
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SINGAPORE MARKETS
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Article, Illustration882 2005-06-01 10 LARRY WEE - CURRENCIES Charts back further gains as EU worries escalate, yuan revaluation bets cool LARRY WEE Senior Correspondent ANY US dollar corrections to the downside were more tentative than convincing last week, and the resounding No by French voters on the European Union constitution882 words
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Article, Illustration733 2005-06-01 10 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS (Disclosures made on May 31 and earlier) Subsantial No of Price SHAREHOLDING Shareholder Buy I Shares Per Before After Stock Trans Pate Director Sell '000 Shr ('000) ('000) Ossia Intl 31-May-05 Goh Ching Lai Buy 30 0.16 ***** 6.74 ***** 6.75 SNPCorp 31-May-05 YeoCheeTong733 words
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218 2005-06-01 10 THE private vehicle of banker Wee Cho Yaw and sons has continued to buy more shares in United Overseas Land (UOL). Wee Investments on Friday last week paid $783,000 in the open market for 348,000 shares of the property group218 words
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Article274 2005-06-01 10 R SIVANITHY - Compiled by R SIVANITHY Tat Hong Holdings Ltd May 31 dose: $0.52 OCBC INVESTMENT RESEARCH, May 31 Tat Hong posted record revenue of $308.7 million in FYOS, up 33 per cent year-on-year. This was due to tight supply of high-tonnage cranes, which led to higher rental rates (3-10274 words
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Article, Illustration438 2005-06-01 10 R SIVANITHY - STOCKS R SIVANITHY Senior Correspondent TRADING in the local stock market yesterday resembled last week's European Champions League football final in that it was almost exclusively a game of two halves. While the football match was dominated by AC Milan in the first half438 words
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Article, Illustration283 2005-06-01 10 KEN TAI - CHART POINT By KEN TAI OCBC Investment Research IT could be another series of trendless daily sessions for the Straits Times Index for the coming week, notwithstanding the fact that the Dow Jones Industrial Average has rebounded more than 500283 words
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Advertisement176 2005-06-01 11 www.zerinproperties.com Faber Towers, with its central and strategic location between Kuala Lumpur Owners: Jeram Bintang Sdn. Bhd. and Petaling Jaya, is a highly desirable and sought after location. The recently (Managed by MAA Bancwell Trustee Berhad) completed New Pantai Expressway (NPE) has further enhanced the accessibility of this great locality.176 words
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Advertisement18 2005-06-01 11 Booster Capital Guaranteed Fund SGDRID 19/05/05 9,62 SGD Double Joy Capital Guaranteed Fund USD RID 23/05/05 10.00 USD18 words
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SINGAPORE NEWS
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410 2005-06-01 12 NANDE KHIN - First weekend sees higher spending than 2004 by both tourists and locals By NANDE KHIN THE slowing economy notwithstanding, the Great Singapore Sale started off with a bang over the weekend with more spending than in the same period last year. As410 words
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Article, Illustration336 2005-06-01 12 CHEN HUIFEN - By CHEN HUIFEN BILATERAL trade agreements may provide "quick ttfyis" for the countries involved, but they also overwhelm companies with different rules and standards, says Phillip Overmyer, executive director of the Singapore International Chamber of Commerce (SICC). "Any one agreement may list hundreds or evenFILE PHOTO - 336 words
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438 2005-06-01 12 Reuters BANK lending in Singapore was largely unchanged in April from March, after posting four straight months of decline the pace of economic growth slowed, official data showed yesterday. I Total loans to non-bank customers |tood at $177.58 billion in April, barely «hangedReuters - 438 words
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271 2005-06-01 12 SINGAPORE Power yesterday announced that it has completed the sale of its merchant energy business in Australia to Hong Konglisted CLP Holdings. The deal, valued at about As2.l billion (552.7 billion), consists of the generating and retail assets formerly owned by271 words
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Article230 2005-06-01 12 THE Singapore Tourism Board (STB) has restructured its brand management and corporate communication divisions to sharpen its focus on raising awareness of the Singapore brand. The two divisions have been grouped together to form the new Brand and Communications Group headed by Ken Low, who will230 words
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219 2005-06-01 12 GREG Seow Fook Hin, executive chairman of DBS Asset Management, has been appointed deputy chairman of the Singapore Land Authority for a one-year term starting today. Mr Seow has been a member of the SLA board for four years, and chairs its audit219 words
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227 2005-06-01 12 WHICH company in Asia has provided the best phone or online customer service to you of late? An online survey conducted by Synovate found that SingTel had the highest number of plaudits from customers, after being named by 13 per cent of respondents. Citibank, Singapore227 words
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Advertisement125 2005-06-01 12 Ninety-two E5O companies have gone on to list on the local bourse.- Your company can do it tool Mil jEjjH x Nominations for the s 2005 Enterprise 50 Award ksZTr*l are now open Companies can nominate themselves for the 2005 Enterprise awards by completing the official nomination form. Companies must125 words
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ECONOMY WATCH
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Article565 2005-06-01 13 Economists expect central bank to leave interest rate unchanged at 2% Bloomberg [FRANKFURT] The European Central Bank (ECB) may lower its 2005 growth forecast for the third time in six months and leave its key interest rate unchanged as business confidence slumps, surveys ofBloomberg - 565 words
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326 2005-06-01 13 Bloomberg [TOKYO] Japan's unemployment rate fell to the lowest in more than six years in April and household spending rose for the first month in three, bolstering a recovery in the world's second-largest economy. The jobless rate unexpectedly declined to 4.4 perBloomberg - 326 words
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405 2005-06-01 13 Xinhua [BEIJING] Nobel Prize Laureate Robert A Mundell, also known as the father of the Euro, reaffirmed on Monday his position that China should maintain its currency exchange policy despite pressure from Western countries for China to appreciate the yuan. Maintaining China's currencyXinhua - 405 words
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332 2005-06-01 13 AP [SANTIAGO] China is "technically" ready to loosen its foreign exchange regime and the right time to do it is now, Rodrigo de Rato, managing director of the International Monetary Fund (IMF), said. On moving to loosen the peg between the yuan andAP - 332 words
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Advertisement466 2005-06-01 13 if Wgr Main Distributor*: ODBS^POSB 'Bid to Bid, SGD, Net Income Reinvested basis, Annualised Growth Rate. On an offer to bid basis, the returns for Shenton Income Fund since inception is 5.35%. Source: S&P Micropal as at end April 2005 Shenton Income Fund only suffered one negative year (-1.5%), and466 words
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MALAYSIA/INDONESIA
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Article506 2005-06-01 14 S JAYASANKARAN - Red faces among analysts as Indon makers prove to be more competitive By S JAYASANKARAN in Kuala Lumpur A RM27O million (Ssl 18 million) contract to renew ageing water pipes in Selangor state has embarrassed analysts promoting local pipe makers and called into question the506 words
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Article414 2005-06-01 14 PAULINE NG - By PAULINE NG in Kuala Lumpur MALAYSIA should take a leaf out of Singapore's book where intellectual property (IP) rights are concerned, a senior officer of the Malaysian International Chamber of Commerce and Industry (MICCI) has suggested. Singapore's great strides in pharmaceutical and biotech414 words
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Article2304 2005-06-01 14 VOl General Corp 0.39 -0.01 137 May 31 KM *1- C000) Genting 17.90 -0.40 935 George Kent ..0.70 0.03 S A A M Realty 1.40 -0.05 7 GHLSystems .0.21 unch 147 Abric .0.32 urxh 83 Globetronics Tech 0.38 -0.01 457 ACP Industries 0.80 -0.01 9 GlomacBhd2,304 words
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157 2005-06-01 14 Reuters [KUALA LUMPUR] Malaysia's biggest carmaker) state-controlled Proton Holdings Bhd, reported a 59 per cent rise in fourthquarter earnings yesterday, outstripping market forecasts. The carmaker, 43 per cent owned by state investment arm Khazanah Nasional Bhd, reported net profit of RM303.7 million forReuters - 157 words
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Article, Illustration392 2005-06-01 14 PAULINE NG - By PAULINE NG in Kuala Lumpur MALAYSIAN Airlines (MAS) is carrying far more passengers, but is making less money out of them. The airline yesterday posted a lower profit after tax of RM326 million (Ssl43 million) for its fiscal year to theBLOOMBERG - 392 words
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Article280 2005-06-01 14 AP [KUALA LUMPUR] Malaysia's trade minister yesterday snubbed a call by former premier Mahathir Mohamad to make public the names of thefew Malayowned companies that are allowed to import cars. International Trade Minister Rafidah Aziz said it is "not appropriate" to divulge the names ofAP - 280 words
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NOTE BOOK
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147 2005-06-01 14 Reuters [KUALA LUMPUR] State-controlled phone firm Telekom Malaysia Bhd said on Tuesday its quarterly earnings fell 26 per cent, as higher revenue from cellullar and Internet services was offset by higher operating costs. Malaysian phone firms are in fierce competition for new mobile customers inReuters - 147 words
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141 2005-06-01 14 Reuters [BEIJING] China's US$2l billion national welfare fund will begin investing overseas by the end of the year, a crucial step towards generating the higher returns needed to meet the country's huge unfunded pensions bill. A spokesman for the National Social Security FundReuters - 141 words
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97 2005-06-01 14 Bloomberg [BEIJING] Bank of China, the country's second-largest lender, posted profits of 20.9 billion yuan (554.2 billion) in 2004. The lender's bad loan ratio was 5.12 per cent at the end 0f2004, it said in a statement given to reporters in Beijing,Bloomberg - 97 words
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107 2005-06-01 14 [BEIJING] China will open the Three Gorges Dam, the world's largest hydroelectric project, to tourists this summer, state media said yesterday. No more than 1,000 visitors a day would be allowed to tour the dam which blocks the Yangtze River, at a cost of107 words
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61 2005-06-01 14 Bloomberg [HONG KONG] Golden Resorts Group, a Hong Kong-based watchmaker turned casino operator, said it was completing a HK$l.25 billion (***** million) purchase of a Macau hotel and casino complex yesterday. Golden Resorts, formerly known as Medtech, will own the Casa Real Hotel afterBloomberg - 61 words
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80 2005-06-01 14 Bloomberg [TAIPEI] Taiwan's legislature approved an additional NT$llO billion (Sss.B billion) for bailing out financial institutions laden with bad loans, lawmaker Lee Jih-chu said. "We hope the government deals with problem financial institutions soon," Mr Lee said in a phone interview yesterday.Bloomberg - 80 words
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86 2005-06-01 14 Reuters [HONG KONG] Asia-focused bank Standard Chartered Pic plans to increase its staffing in mainland China by 86 per cent to 1,300 employees this year to serve the needs of a bank operating in a fast-growing market that is opening up to internationalReuters - 86 words
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GREATER CHINA/INDIA
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Article, Illustration546 2005-06-01 15 JEAN CHUA - CHINA INSIGHT JEAN CHUA Reporter IF THERE was any doubt that Hong Kong is firmly on its way to recovery, it was dispelled by the release of the latest GDP figures showing the economy expanded 6 per cent in Ql. That was the seventh straight quarter546 words
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Article458 2005-06-01 15 Move seen as a capital injection, may pave way for possible listing Reuters [SHANGHAI] Industrial and Commercial Bank of China (ICBC) will offload US$3O billion of bad assets to a state debt clearer, officials said yesterday, as the nation's top lender moved to shore upReuters - 458 words
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Article, Illustration300 2005-06-01 15 [NEW DELHI] Wal-Mart's hopes of entering India's US$lBO billion retail market were given a significant boost Monday as India Prime Minister Manmohan Singh said the country would soon allow foreign direct investment in an industry still dominated by small family-owned businesses, theAFP - 300 words
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171 2005-06-01 15 Bloomberg Reuters [SHANGHAI] China has urged bigger companies to put forward plans to sell non-tradeable shares, seeking to broaden a trial programme aimed at disposing of government holdings valued as high as US$245 billion. The first four companies selected to convert theirBloomberg; Reuters - 171 words
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Advertisement180 2005-06-01 15 I I mssam 1 HHHIH I I I I I mtmm i I I ■VSI I HMi I BB v!! 1 B^H IV Kv IMAGINE SOLUTIONS INSPIRED BY YOU Flexible and varied. Our solutions to develop your wealth reflect your individual circumstances. Being able to deliver what you expect from180 words
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ASIA-PACIFIC/WORLD
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521 2005-06-01 16 Bloomberg Reuters [NEW YORK] American International Group, the insurer under fire for numerous accounting errors, yesterday restated its earnings for five years and cut its net worth by 2.7 per cent. AIG reduced net income by US$3.9 billion over five yearsBloomberg; Reuters - 521 words
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387 2005-06-01 16 AP [TOKYO] Troubled Japanese truckmaker Mitsubishi Fuso Truck Bus announced a new president and chief executive yesterday, vowing to regain customer trust shaken by a scandal over auto defect cover-ups. Mitsubishi Fuso, which is 85 per cent owned by DaimlerChrysler of Germany,AP - 387 words
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559 2005-06-01 16 NYT [BEDFORD, New York] Last month, Michael Neeley, a real estate broker in this upscale suburb, closed on the sale of a contemporary ranch house. A. few days later, the sellers of that house bought another, larger ranch house. Then,NYT - 559 words
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503 2005-06-01 16 Reuters Financial Times [MELBOURNE] Nearly As6oo million (***** million) was wiped off the value of Australian property and building group Multiplex Ltd when its shares crashed by nearly a third yesterday. The plunge to a record low came after the group warned it wouldReuters; Financial Times - 503 words
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Article, Illustration115 2005-06-01 16 Reuters AP [BANGKOK] Miss Canada Natalie Glebova was crowned Miss Universe 2005 in Bangkok yesterday at the climax of the beauty pageant. Glebova. a 23-year-old motivational speaker from Toronto, was picked over runner-up Cynthia Olavarria of Puerto Rico after answering a final question about what sheReuters; AP; REUTERS - 115 words
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Article, Illustration490 2005-06-01 16 Bloomberg AP [PARIS] French President Jacques Chirac named Interior Minister Dominique de Villepin as prime minister to replace Jean-Pierre Raffarin after voters rejected the European Union's (EU) constitution. Mr de Villepin was Mr Chirac's one-time chief of staff and the spokesman for France's oppositionBloomberg; AP - 490 words
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WORLDWATCH
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97 2005-06-01 16 AP [TOKYO] Toyota Motor Corp will recall about 173,000 vehicles in Japan, Singapore and Malaysia due to defects in their brakes and fuel systems. The company said 63,830 Crown, Majesta and Mark X passenger cars, including 23 vehicles in Singapore and Malaysia, will be recalledAP - 97 words
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Article98 2005-06-01 16 AFP Thai Prime Minister Thaksin Shinawatra said yesterday that his government is scrapping a costly 16-month-old diesel subsidy aimed at protecting the country's economy from high world oil prices. "It will end today. The price will float, but government will try to manage the priceAFP - 98 words
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Article109 2005-06-01 16 Reuters [LONDON] US-based power producer Calpine Corp has sold a British power station to the UK's International Power pic and Japan's Mitsui Co for £490 million (Ssl .5 billion), Mitsui said yesterday. International Power will take 70 per cent of the Saltend unit under aReuters - 109 words
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Article103 2005-06-01 16 Reuters [TOKYO] Global semiconductor shipments are likely to grow 6.3 per cent to U*****.5 billion this year, World Semiconductor Trade Statistics (WSTS) said yesterday, raising its November forecast of 1.2 per cent growth. Robust shipments in January-March and expectations for a milder slowdown in PCReuters - 103 words
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Article82 2005-06-01 16 NYT [NEW YORK] It was a tight three-way race at the box office over the Memorial Day weekend, but Star Wars: Episode lII— Revenge of the Sith (Fox) prevailed, with US$7O.7 million in ticket sales from Friday to Monday, according to estimates by ExhibitorNYT - 82 words
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WORLD
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Article, Illustration479 2005-06-01 17 Khodorkovsky slams verdict, says no 'sane' person could understand it AP Bloomberg Reuters [MOSCOW] Russian oil magnate Mikhail Khodorkovsky was sentenced to nine years in prison yesterday after being found guilty of fraud and tax evasion. The central Moscow court found theAP; Bloomberg; Reuters; AFP - 479 words
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Article, Illustration197 2005-06-01 17 AFP [LOS ANGELES] Paris has met Paris and is going to tie the knot. And if People magazine is to be believed, they are going to have children. The US celebrity weekly reported on Monday that Hilton hotel chain heiress and all-around glamourAFP - 197 words
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238 2005-06-01 17 LAT-WP [LOS ANGELES] Arnie Morton, the Chicago restaurateur who gave his style and his name first to Arnie's and then to Morton's steakhouses which now have about 65 venues in cities from Singapore to New York, has died. He was 83. Mr Morton, who soldLAT-WP - 238 words
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Page 17 Advertisements
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Advertisement103 2005-06-01 17 www.zerinproperties.com |MHHOM| F_T SiilkTlT^^b Sungai Petani is Kedah's fastest growing commercial and industrial town with its success linked to its proximity to Penang just 30 minutes away. Size 3.73 acres Tenure Freehold Category Commercial Location 500 metres from North-South Highway interchange and with high visibility from the Alor Setar-Butter worth103 words
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AVIATION
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Article, Illustration676 2005-06-01 18 VEN SREENIVASAN - Garuda given more rights to pick up passengers from Changi Airport By VEN SREENIVASAN [SINGAPORE] Indonesia will grant Singapore-based full service carriers the right to fly more passengers to Jakarta and Denpasar in Bali, and in return, Singapore will grant IndonesianBLOOMBERG - 676 words
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172 2005-06-01 18 Bernama [HANOI] Vietnam's national flag carrier, Vietnam Airlines, will officially begin direct flights to Frankfurt, Germany, on June 20, nearly six months ahead of schedule amid the increasing number of passengers from Germany to Vietnam, an airline official said. PhamBernama - 172 words
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541 2005-06-01 18 AFP [GENEVA] European Union (EU) trade commissioner Peter Mandelson said yesterday that a decision by the United States to call on the World Trade Organisation (WTO) to referee a dispute over European subsidies to aircraft-maker Airbus was "highly regrettable". MrAFP - 541 words
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Article, Illustration483 2005-06-01 18 Region's airline execs are confident about the future but not overjoyed AFP lata [TOKYO] A new generation of fliers is making Asia the most dynamic region for the airline industry but intensifying competition and government taxation could set back potential growth, industry leadersAFP; lata - 483 words
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260 2005-06-01 18 Reuters [DUBLIN] Irish no-frills airline Ryanair Holdings pic posted a 19 per cent rise in full-year net profit yesterday, beating analysts' forecasts, and was cautiously optimistic on the 12 months ahead. Adjusted profit after tax in the 12 months to endMarch increased toReuters - 260 words
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Article1837 2005-06-01 18 an man eta fugmt ho DaNang MI633 2255 MI633 1425 ltJ SQ5024 2255 SQ5024 1435 AtfdsMt LH9771 1845 LM9770 2300 afsvw7 IKA AO7RA? SQ230 1845 SQ229 2300 Omwm AJ8087 1850 AO/862 2215 B»M1 1850 850 AOT882 2215 OF81 1850 Q™' 1850 SQ44T141-0 W42 0200 "g tomfritm1,837 words
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Page 18 Advertisements
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Advertisement173 2005-06-01 18 KlilHlflllHVKflJllflflllflllnL. CaU telWrt* 1800 289 8822/Bauiil rccrvit*«fk.CMi.»« BDO has been one of the major beneftaJar|ee Of the new business environment. Our innovative, entrepreneurial attitude and (WlMNfc of over 620 offices in more than 100 countries across the world; a combined profesiiofiatatNl .4fld partner* of Over 25,000, has helped BDO win173 words
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SHIPPING
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573 2005-06-01 19 DONALD URQUHART - Asmi sees another bumper year ahead as order books hit all-time high By DONALD URQUHART [SINGAPORE] Once written off as a sunset industry, Singapore's marine industry saw total revenues rise 40 per cent last year over 2003, reaching a record $5.3 billion,573 words
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Article289 2005-06-01 19 SGX '000 May 31 S$ W- Vol CH Offshore 035 O.OI 173 ChuanHup .0.74 0.01 726 Cosco Corporation 1.83 0.06 ***** CWT Distribution .0.65 0.01 3 Ezra Hldgs 123 0.02 297 Freight Unks 0 08 -0.01 39 Grand Banks Yacht 0.97 0.02 31 Jaya Holdings 1.03 unch 1229289 words
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803 2005-06-01 19 DAVID HUGHES - STRAIT TALK By DAVID HUGHES A FEW weeks ago the European Commission (EC) sabotaged an attempt by Denmark and the United Kingdom to initiate action by the International Maritime Organisation (IMO) on an important safety issue. A study by the UK's Marine Accident803 words
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Article, Illustration373 2005-06-01 19 VEN SREENIVASAN - By VEN SREENIVASAN [SINGAPORE! The NorShipping 2005 conference this month will focus on the role of the industry in fuelling the world's prosperity, with the theme of "Shipping: Moving the global economy forward". Delivering the keynote addresses on the opening day on June 8 will373 words
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Page 19 Advertisements
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Advertisement39 2005-06-01 19 W SEMBAWANO W SHIPYARD Your Partner in success *x«uflK|KL,_ -^r I j iMibmnaShtowdniUd Admiralty Road West, Singapore *****6 Trt (65) 6752 ***** Fax (65) 6756 1025 Waboto «Mww.Mfntwhlp.com I Emal: —nbahipQ—mtomarina.com fßogistration No.: *****6068N A SuMdtoy of SambCaip MMr»39 words
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Advertisement442 2005-06-01 19 SOUTH EAST ASIA AND SOUTH ASIA AUSTRALIA TRADE FACILITATION AGREEMENT NOTICE TO TRADE RATE RESTORATION 1 JULY 2005 In November 2004, the following Lines in the South East Asia and South Asia /Australia Trade Facilitation Agreement had informed the trade that, as part of their Business Plan for 2005, Rate442 words
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EDITORIAL & OPINION
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Article517 2005-06-01 20 EDITORIAL THE rejection by French voters of the proposed Constitution for the European Union is likely to plunge the 25member grouping into a period of deep introspection, if not turmoil out of which, it must be hoped, will come radical change. It is517 words
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Article, Illustration755 2005-06-01 20 SHADA ISLAM - THE BOTTOM LINE SHADA ISLAM Brussels Correspondent FRANCE'S resounding rejection of the European Union's first-ever Constitution has plunged the 25nation bloc into a period of gloom and uncertainty as leaders across the EU struggle to contain the political and economic fallout. Senior officials755 words
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Article, Illustration846 2005-06-01 20 MATTHEW LYNN - Without personalities or reformers to rally around, it is the voter who will call the shots MATTHEW LYNN Bloomberg Elections have a way of crystallising views about a country and its prospects. With German federal elections expected on Sept 18, the tide may finallyBloomberg; BLOOMBERG; AFP; REUTERS - 846 words
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Article, Illustration1577 2005-06-01 21 ONG YONG HWEE - History provides the answer being replete with instances of countries going into decline when they became city-focused By ONG YONG HWEE THE die has been cast. Singapore will have two mega integrated resorts (IRs) with casinos to be "financed" ultimately by theFILE PHOTO - 1,577 words
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853 2005-06-01 21 ART PINE - By ART PINE Bloomberg WHEN the US dollar began sliding on foreign exchange markets three years ago, Bank of America economists Mickey Levy and Peter Kretzmer figured an improvement in the burgeoning US trade deficit couldn't be far behind. Their conclusion today: Yes,Bloomberg - 853 words
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Page 21 Advertisements
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Advertisement421 2005-06-01 21 Call toll-free 1800 289 8822 IN THE MATTER OF THE COMPANIES ACT (CHAPTER SO) AND IN THE MATTER OF TSENG HOLDINGS PTE LTD (In Members' Voluntary Liquidation) Co. Reg. No. *****0046G NOTICE OF FINAL MEETING NOTICE is hereby given that pursuant to Section 308 of the Companies Act (Chapter 50).421 words
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Page 21 Miscellaneous
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Miscellaneous357 2005-06-01 21 CRYPTIC CROSSWORD 4 Minion dispatched to collect ACROSS Rex and Virginia (7) 1 Clear-headed girls take les- 5 Gj ves practical experience? sons (7) (5.2) 5 Various styles of capital (7) 5 Compound of nitre put in the 9 Claim I left what belongs to us ground (5) in uproar357 words
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Article10354 2005-06-01 22 SGX MAINBOARD 52 Wk Id last Vol Day Lest Quote GfOiv Mr GrYM Net MCap High Loo Code Company Sale COBB) High Low fcjgr Sdte Cvr M tmt 12.5 3 5716 1st Software 5t 3 unch 331 3 3 3 3.5 12.1 34.5 14.5 3148 8TelecomUS2c 15 unch10,354 words
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Article6260 2005-06-01 23 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES tateolurT ktt HUM %&l \dy *yr %4f *p May 30 lncte« Chany CNany Ow>g« Q»np» Oxng« Clung* World (nde» Preliminary 8651 07 1J 02 00 0.1 1-8 I EAf E Preliminary 79&9 0.4 34 03 14 07 11 Europe Preliminary ***** 02 516,260 words
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Page 24 Advertisements
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Advertisement1242 2005-06-01 24 Vjj| j. -mmJti Bx fjllS ■■(■■llflßfl Bk/ 1 B I 1 PaMl Hre* r A 1 V*- r BR9iW8BBBBHBBBBBBratBHBBS«»i«r* AMMMMHHBHBHHHHP'' «HBE.P f > /Q\ NYK GROUP SOUTH ASIA PTE LTD \1"1- 1\ MxG W TEL: 6295 0123 XVm AIJNE Ksraf M v 3 Xm LINE Fax: *****856(Regionalsales)/*****109(0P5)/6299 5785 (Documentation) NIPPON1,242 words
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Advertisement860 2005-06-01 24 [INTIRAIIA RORO SMVKI VBSa/VOT MWKKI) HBGHTPH) WG KOI LP I SW I JKT STUinVBmKE 10/05 1$ 3.2 11/05 12/05 1 STUfTS VENTURE 11/05 15 3.2 21/05 24/05 21/05 01/06 03/06 STRAITS VENTURE 12/05 15 3.2 05/06 OM)6 [Australian roup sikvtci VBSa/VOT I RAMfQCT) I HBGWTOQI Ifl |«T M SYD MB860 words
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Advertisement878 2005-06-01 25 Hamburg^^SUD AIISE SERVICE (IXPOOT) FT* HA SINGAPORE MISIANE STPMET IMHMI HBMI SINGAPORE WISRAME STOWT MEUOURNI ADBJUOt CAP AGUILAR IMS OVO6 13/06 15/06 11/0* 21/06 CAf *6UIU» 105S 01/07 11/07 13/0/ lt/07 IVO7 CSCI XIAMfW 0077S 10/06 20/06 72/06 75/06 71/06 (50. XUMBI 00m 01/07 11/07 70/07 13/07 76/07 SCOTIA 01K878 words
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Advertisement1138 2005-06-01 25 vtssa VOY_ _sm_ jkt hkg khh iwc KTH P»S VBStl TOY sih jkt sub hkg usn pus HYPKO6KBS 09tS 2/4 4/4 9/4 11/t 13/4 IS/6 IS/i KMTC POUT KEUNG 508S 19/6 22/6 23/4 28/6 2/71 3/7 HVitlDGt 09SS 1/6 9/4 11/4 14/4 11/4 20/4 22/4 KMTC SINGAPORE SMS 5/6 8/61,138 words
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Advertisement853 2005-06-01 25 WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICD POINTS VESSEL VOT SIN PJOANG COtOWIO N. SHEVA COUjMBO lAJIV GANDHI 0093W 30 MAY 31 MAY 03JUN OtJUN 09 JUN tAYIMPfr W~W 07 JUH 10JUN 13 JUW 16JUW Mamma Mat mi|M MJUN UJUN aum 23 juw lIOTA PEIWIIA853 words
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Advertisement1018 2005-06-01 26 IAUf WALLENIUS WILHELMSEN website: http://www.2wglobal.com VESSEL IVOT IK ~MAO~ HOW IWA SAY »AL ORF NYC WW WOi TAMERLANE AFSIS 3201 MS 6.4 M I 11/06 02/07 11/07 15/07 11/07 16/07 TAINO AFSI6 4201 MS 6.4 M I 17/0* 20/07 24/07 21/07 26/07 30/07 TARONOA AFSIO 3?oTms 6.25« 19/07 11/0S 20/0«1,018 words
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Advertisement1496 2005-06-01 26 vissa vor vtssa yor sw jut PAC lAHDA 1473 M 20/05 20/05 PACIAU 4147 22/05_ _25/05__ iKum ism nm 22/05 gcgyn «jg jj/g IPL— CSf 2301 OT23F 21/05 23/05 PACIAU 41U 29/05 01/04 PACIAHDA IiZSH 22/05 23/05 Mll :j| IJ k!4 PA(j iawoa MM 24/85 mL_ IMAjUlli ill i MM1,496 words
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Advertisement769 2005-06-01 26 BSA x MYANMA ■H FIVE STAR LINE (Myonmar National Line) Loading (or Yang on VESSEL VOY SIN PKL PEN PGU PAGAN 346W SID HPA-AN 33m SU> IN MALAYSIA: lOUSTEAD SHIPPING AGENCIES KUL/PKL 03-*****3U PEN: 04-*****1S ACCEPTING CONVENTIONAL C6O VESSEL VOY HKG SIN PGU PKL KUC JACARANDA ACE 109 SU> SID769 words
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THE BUSINESS TIMES SHIPPING TIMES
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8256 2005-06-01 27 t 4r ETA ETA AdMTtiMT Vtutl Voyage UtaphOM ETA ETA ktmrtkm Vaoal Van* SIN Dtsfn Nam* Nam* Number Numb* SM Datfn Nam* Nam Numbar Number 29/06 27/07 Delmas URSULA DCLMAS 527W *****344 To ABIDJAN (ABJ) 2003 Cote D'lVOire 08/07 07/08 Delmas EUSA DELMAS S28W8,256 words
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Page 27 Advertisements
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Advertisement590 2005-06-01 27 Guaranteed Sailing! I Service from Singapore to: I Los Angeles I Weekly Consol. Twice weekly I Mon cut-off. Consol. I 14 days transit. on CU f-off I HUB MARINE PTE LTD BOOKING: *****375/718 MAINLINE: *****866 FAX: *****066 OPR CODE "DX" OR NO **********0Z MARKETING BALEB: KELVIN CHUA: *****838, MEUNA LEE:590 words
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Advertisement891 2005-06-01 27 FREIGHT LINKS EXPRESS PTE LTD 51 Penjuru Road, 3 Level, Freight Links Express Logisticentre, 7 Singapore *****3. Tel: *****511 Fax: *****577 E-mail: flesin@singnet.com.sg Website:http://www.freightlinks.net LCL SERVICE TO CHINA ASIA Jgt* "jp m I CEBU DALIAN HONG KONG JAKARTA QINGDAO f% Cl SHANGHAI SURABAYA XINGANG XIAMEN BEST LCL RATES TO g891 words
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Advertisement406 2005-06-01 27 HHBHiia^M^2rinnvo^o?wo^Tivo^ ■PSfifll TIGER SEA 288N 05-06/06 11 12/06 18 19/06 1 HLiOmia TIGER SKY 289N 07-08/06 14 16/06 21 22/06 1 TIGER WAVE 290N 11-12/06 17 19/06 25-26/06 I ■■■■■TIGBt PEARL 291N 14-15/06 21 23/06 28 29/06 1 TIGER SEA 292N 18-19/06 24 26/06 02-03/07 20-21/06 t ■ffVßlffMi DONG FORTUNE406 words
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MOTORING
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Article, Illustration602 2005-06-01 29 SAMUEL EE - Citroen sees 50% rise in Asean market share in 4-5 years By SAMUEL EE DESPITE a dramatically expanded model line-up, Citroen does not expect to be more than a niche brand in South-east Asia because of a lack of production facilities in the region. However,602 words
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Article, Illustration479 2005-06-01 29 SAMUEL EE - By SAMUEL EE PARALLEL importer and car rental company Motorway Group has teamed up with Singapore Technologies-linked Info Wave to offer real-time vehicle tracking services to companies and individuals. So far, Motorway has invested $1 million in what it calls the Intelligent Vehicle Tracking479 words
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Article5016 2005-06-01 29 UNIT TRUSTS FUNDS cm Global Healthcare Fund 0.961 Crti Gfc Fin Srvcs Fund 1.05/ Mrrt Citi US Aggressive Growth Fuid 082/ -8* PT—» S B Set Gib Bus Ldrs Ptfl 03(SGD) —1.118/ 1 747/ SBSel Gib Bus Ldrs Ptfl 03<USD) 1.185/ ni Citfcond S'pore Class V 0.976I <£ I^Sr...toi o5,016 words
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SINGAPORE ARTS FESTIVAL
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Article, Illustration490 2005-06-01 30 SANGEETHA MADHAVAN - The Busker's Opera is not only a musical tour de force, it is also a visual treat, says SANGEETHA MADHAVAN SANGEETHA MADHAVAN MUSICIAN Peter Gabriel once said about Canadian theatre director Robert Lepage: "Robert is a real visionary, creating theatre for people who don't like theatre."490 words
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Article, Illustration498 2005-06-01 30 CHEAH UI-HOON, APARNA RODDAM - By CHEAH UI-HOON, APARNA RODDAM IRREVERENT local entertainers will showcase their trademark humour as part of the Arts Festival, each bringing to their Late Show programmes a unique perspective. Najip Ali raised the curtain on this new Arts Fest format last Saturday with his498 words
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Page 30 Advertisements
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Advertisement263 2005-06-01 30 v. > >t m. .v •".-.> t —v r": -V '-r-Jff- 1 v: '*•"-"#•>■' > *o>\i.r. s v..--;. X -XX V. v v r i-. > Business Tunes' readers are affluent Their personal median Mfc monthly income is 2 1 /2 times higher than that of the average i 'suT263 words
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EXECUTIVE MONEY
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1270 2005-06-01 31 YEO KAI ENG, KOR BING KEONG - YOU THE TAXMAN YEO KAIENG and KOR BING KEONG examine the GST relief schemes for foreign and local companies importing goods into S'pore YEO KAI ENG, KOR BING KEONG By ERNST YOUNG SINGAPORE is a natural logistics hub with its excellent infrastructure and strategic positionBy ERNST & YOUNG - 1,270 words
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Article, Illustration375 2005-06-01 31 Chua Boon Lee, Standard; Poor's Associate Fund Services - By Chua Boon Lee, Standard Poor's Associate Fund Services >i v. EUROPE has seen increasingly dffiait investing contftionsinthelast eurozone. Tb forth* complicate matter the euro has begun to charta downward spiral against the US doßar as financial markets Hied to work througtahefrendi voters' stunning rejection °f the new375 words
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Article, Illustration930 2005-06-01 32 CHRISTOPHER TAN - MONEY MATTERS A discouraged financial adviser shares why he will continue to go against the flow CHRISTOPHER TAN BY the time you read this article, I will be having a short break in Malaysia with my family. You are probably planning your holiday too so I won't weigh930 words
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Advertisement295 2005-06-01 31 f SrT o"*'0"*' Request For Proposal: TK AHP To develop a Multi-Tenanted Building K i in Changi Business Park. /Bmtn—tlnspired dreams. Taking seed and growing in a lushly landscaped jW environment. Strategically located near Changi Airport, T |4jo Singapore Expo and Expo MRT Station. Welcome to the site of Changi295 words
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Page 32 Advertisements
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Advertisement198 2005-06-01 32 International Business Park (IBP) Close to Jurong East MRT station and bus interchange <". J mf!EßjffiftW 115sqm onwards Raised floor system Column-free layout 142sqm onwards Great tenant mix Column-free layout Changi Business Park (CBP) 10-min drive to Changi airport and close to PIE ECP BTBlSfffßlfflßßß 127sqm onwards ■■■•■EJllilißiM Next to198 words
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