The Business Times, 21 June 2005

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

Total Pages: 28
1 28 The Business Times
  • 15 1 THE BUSINESS TIMES SINGAPORE 85 cents online at http://business-times.asial.com.sg MICA (P) 089/03/2005 Tuesday, June 21,2005
    15 words
  • 1097 1  -  Case is first under Singapore's new disclosure-based regime By MICHELLE QUAH [SINGAPORE] Jacqueline and Elizabeth Khoo daughters of the late tycoon Khoo Teck Puat narrowly escaped jail yesterday but were slapped with $500,000 in fines in what the prosecution described as a landmark case
    LAU FOOK KONG/ST  -  1,097 words
  • 139 1 sn 2,***** (-11.77) ST INDEX FUTURES 2.198.00 (-7.00) □simso 261.50 (-137) SIMSO FUTURES 261.90 (-1.10) MARKETS Monday Change KLSE COMP 8%. 75 -0.31 NIKKEI 225 11,483.35 30.68 HANG SENG 13,945.77 +33.74 SET INDEX 679.68 -6.84 JAKARTA COMP 1,147.710 +5.892 MANILA COMP 2,004.71 -6.46 SEOUL COMP 994.65 -9.03 SHENZHEN
    139 words
  • 480 1  -  By JEAN CHUA [SINGAPORE] Firms in Singapore, including govern-ment-linked agencies such as Temasek Holdings and the Government of Singapore Investment Corporation (GIC), are expected to step up their activity in India once an economic pact between the two countries is signed at
    480 words
  • Page 1 Advertisements

  • TOP STORIES
    • 782 2  -  Impact of higher prices on S'pore economy seen as muted so far By RONNIE LIM [SINGAPORE] Oil hit an alarming US$59 a barrel yesterday close to breaching the psychological US$6O mark. But traders and economists say that even if that happens, prices
      AP; Source: Bloomberg  -  782 words
    • 293 2  -  By GENEVIEVE CUA [SINGAPORE] The Republic's biggest home-grown hedge fund, Aman Capital Management which has lost some of its investors substantial sums is in the process of distributing cash to shareholders. But Aman yesterday declined to comment on whether the company itself
      293 words
    • 592 2 Khoo was Goodwood's 'controlling spirit' THE public got a glimpse into the life of the late reclusive tycoon, Khoo Teck Puat, when it was revealed in court how he treated his family the way he ran his business. Daughter Elizabeth was never sent to university, and together with
      592 words
    • 562 3  -  HOCK LOCK SIEW By WONG WEI KONG WHEN two daughters of the late Khoo Teck Puat were charged in April over their failure to fully disclose the tycoon's stakes in several listed companies and perform their duties as directors, it was widely seen
      562 words
    • 848 3  -  He was a dominant man who ran his family like his business, court told By MICHELLE QUAH [SINGAPORE] A veil has been lifted on the household of Khoo Teck Puat, with some of its secrets spilled during the court case involving two of its members.
      FILE PHOTO  -  848 words
    • 298 3  -  By UMA SHANKARI [SINGAPORE] Ten thousand holders of Singaporeissued MasterCards may have had their names, bank details and account numbers accessed by a snooper. The Singapore cards are part of a worldwide potential fraud involving more than 40 million accounts, MasterCard
      AP  -  298 words
  • Page 2 Advertisements
    • 462 2 2005 Financial Reporting Standards Time Recognising and measuring financial instruments 9.00 am to I.oopm Friday 15 July 2005 It is a misconception that FRS 39 Financial Instruments: Recognition and Seminar Fees (per seminar) Measurement affects only entities in the financial service sectors. FRS 39 Recognising and measuring financial as impact
      462 words
    • 48 2 E9IHII Be Among The Best In Business a comprehensive ■■SHI directory of key companies Singapore. up-to-date profile more than companies, including senior management contacts and nature a business information For more details on your company's representation in the Buku Merah, call Tel: 6213 9168 or email to dorawoo@tpl.com.sg
      48 words
    • 42 2 MV > \fefl 0 U pj H c J w FIND r THE ONES 1 THAT FIT! 1,.~ N RecraftttoerifM J peopfcttwtt# p The Straits fines Recruit J Call 1800 289 8822 or email -J recruit#sph.com.sg to r&'H i v v w msm
      42 words

  • Page 3 Advertisements
    • 126 3 Ninety-two E5O companies have gone on to list on the local bourse. Your company can do it too! Jk^l 111 MlKSSnwwm^^^^m Nominations for the s 2005 Enterprise 50 Award h^ti°"' s are now open Companies can nominate themselves for the 2005 Enterprise awards by completing the official nomination form. Companies
      126 words
    • 226 3 Invest in UK Land from just USA $16,000 Land banking company in Singapore for ONE day only 2005 Asian investor roadshow. Learn how you can make profits of 400% in just 5-7 years. Fun title deeds provided for foreign investors. Learn how we rezone land-by changing its uaa we change
      226 words

  • COMPANY NEWS
    • 563 4  -  OIL BOOM This will lower costs and capital requirements for market participants By JOYCE KOH THE Singapore Exchange (SGX) is planning to start clearing services for oil and freight derivatives to reduce the risk of default and boost Singapore's importance in
      563 words
    • 219 4 SINGAPORE-LISTED AusGroup Limited (AGL) has signed a deal to acquire the entire Seagate Structural Engineering (SSE), an oil rig builder in Western Australia, for $7 million. Australia-based AGL said the purchase consideration includes a negative goodwill of $500,000. The acquisition, which
      219 words
    • 464 4  -  REITS By PAULINE NG in Kuala Lumpur AXIS Real Estate Investment Trust (Axis-Reit) has set a high dividend distribution benchmark for other Malaysian Reits by declaring a payout policy of at least 95 per cent of its net income. The Reit's proposed payout
      464 words
    • 321 4 TEMASEK Holdings' retail offering of units in CapitaCommercial Trust (CCT) was undersubscribed by 60 per cent when it closed on Sunday. But the 39.05 million units not taken up were allotted to institutions which had earlier sought almost double the 200 million units put
      FILE PHOTO  -  321 words
    • 446 4  -  Its unit Jurong Shipyard to build 2 oil rigs for Seatankers By JOSEPHINE TAY SEMBCORP Marine through its wholly owned subsidiary Jurong Shipyard has clinched its biggestever contract to build two oil rigs for US$7BO million. The deal calls for Jurong Shipyard to build
      446 words
    • 502 4  -  By PAULINE NG in Kuala Lumpur JOHOR state has emerged as the controlling shareholder of fast-food operator KFC Holdings Malaysia the target of an intense boardroom tussle in the past few months following the acquisition by Kulim Malaysia of a 43.02 per cent
      FILE PHOTO  -  502 words
  • Page 4 Advertisements
    • 173 4 ACCORD AIR FREIGHT PTE. LTD. (Incorporated in the Republic of Singapore) (MEMBERS' VOLUNTARY WINDING-UP) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308(1) of the Companies Act. Cap. 50. a Final Meeting of the shareholders will he held at 10 Anson Road. #13-12 International Pla/a. Singapore
      173 words
    • 281 4 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF VIEWINTERNET.COM PTE LTD (In Creditors' Voluntary Liquidation) (Reg. No. *****1375Z) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap. 50 the Final Meeting of the Company and
      281 words

  • Page 5 Advertisements
    • 91 5 Bl Finalists of the World Entrepreneur Of TheYear2oos Awards Ma**— Shht si HH I Live bco*dc«Bt by CNBC Eutope R I **-fci B WWB il^H|nnMfl9flHDoH^^^HP|iNy^H|^K|MiHii y *e*~ Ji^^B I ,^j^H il JaA'BB HHIHMPSIjIH The Ernst Young Entrepreneur Of The Year Singapore 2004 Awards was sponsored and supported by the following
      91 words

  • SINGAPORE MARKETS
    • 537 6  -  STOCKS STI slips half a per cent in its first fall below the 2,200 level in more than a week; second-liners fare worse TEH HOOI LING Senior Correspondent SURGING oil prices and their feared impact on economic growth and corporate profitability forced investors to
      Source: Bloomberg  -  537 words
    • 528 6  -  TRADES TO WATCH By EDDIE TOH ANOTHER private company of the Wee family has been buying shares in United Overseas Land (UOL) ahead of a selldown by United Overseas Bank (UOB). C Y Wee Co Pte Ltd acquired 800,000 UOL shares at $2.26
      528 words
    • Article, Illustration
      423 6 OTHER SINGAPORE INDICES Jun 20 VALUE CLOSE BT OB/OS 185.00 -177.00 BTCAPI -*****.00 -144.00 BT 10-day MA -*****.00 +18.00 All-SG Equities 561.44 -1.92 SG Equities Elect 136.83 -1.78 SG Equities Fin 1564.30 -17.56 SG Equities Prop 557.04 -0.47 SIMSCI 261.50 -1.37 SiMSCI Futures 261.90 -1.10 MOST ACTIVE STOCKS VOLUME China
      423 words
    • 1078 6  -  Compiled by JOYCE KOH Tele Choice International June 20 dose: 26 cents UOB-KAY MIAN. June 20 TELECHOICE has announced the launch of an innovative, low-cost outgoing mobile call service, Budget Mobile Call (BMC), which allows mobile phone users with free incoming call mobile plans to enjoy up to 70
      1,078 words
    • 548 6  -  CURRENCIES LARRY WEE Senior Correspondent ANOTHER huge surge in commodity prices last Friday combined with a record Q1 2005 US current account deficit to hurt the US dollar yesterday, though the euro's gains were trimmed by a messy European Union (EU) summit standoff
      Source: Reuters  -  548 words

  • COMPANY NEWS
    • 589 7  -  May's book-to-bill ratio has fallen on a year-to-year basis, bookings are stable By RAJU CHELLAM FIRST the good news: Sales of chip-making equipment have been on the rise since the start of this year, going by the book-to-bill ratio. Now the bad
      589 words
    • 291 7 WITH Jay Chou, Edison Chen and Jordan Chan showing their skills racing cars, the new movie Initial D is definitely for the starry-eyed. Sesdaq-listed Media Asia Entertainment yesterday announced what it called its "ground-breaking" movie, the first live-action film based
      FILE PHOTO  -  291 words
    • 329 7  -  TELECOM PLAYERS Share price rises 1.5%; tender deposit to be refunded by Aug 17 By CHLOE CHOY INVESTORS appear to be unruffled by Singapore Telecommunications' failed bid for the hotly contested controlling stake in Pakistan's largest telco. SingTel's share price rose 4 cents
      AFP  -  329 words
    • 472 7  -  By ROLAND LIM MOBILE phone users are being offered a new service which allows them to make calls at 5.9 cents per minute, compared to the 10 to 21 cents charged by conventional mobile operators. The service, called Budget Mobile Call or
      472 words
    • 242 7 SUN Business Network, formerly known as Panpac Media, has expanded its electronic customer database via a strategic alliance with Oriental Cable Network (OCN). One of the companies in its stable Asia Multi-Me-dia Technology Services group (AMT) is forming a 10-year preferential strategic
      242 words
    • 374 7  -  It'll market cordless phones compatible with Skype By LISA TAN GIANT Wireless Technology has signed an agreement with Denmark-based RTX Telecom to distribute cordless phones compatible with Skype a free Internet telephony software in Asia. The Hongkong-based wireless telecoms product designer and manufacturer said
      374 words
    • COMPANY BRIEFS
      • 48 7 CHINA Food Industries has appointed Tan Kong King as executive chairman and Tarn Teh Chuen as a non-executive and non-independent director. This follows QAF's recent move to acquire 55 per cent of China Food. Lim Siak Khee has resigned as an executive director.
        48 words
      • 43 7 STATS ChipPac has appointed Janet T Taylor as general counsel. Ms Taylor will report directly to the company's president and chief executive officer Tan Lay Koon. She will be responsible for all the legal matters pertaining to the company.
        43 words
      • 109 7 SIM Lian group's wholly owned subsidiary, SLG Bersatu Sdn Bhd (SLGB), has agreed to purchase two lots, 765 and 8175 Mukim Senai-Kulai, in Johor Baru for RM5.4 million (552.4 million). The properties are located in the Senai township and, subject to
        109 words
      • 53 7 THE Hour Glass announced yesterday that The Watch Gallery Pty Ltd, an inactive wholly owned subsidiary in Australia, has been placed under members' voluntary liquidation. It will not have any impact on the net tangible assets and earnings per share of the group,
        53 words

  • SINGAPORE NEWS
    • 425 8  -  It will manage an islamic account with a first tranche of $50-100m By JOYCE KOH A HOLDING company suitable for Muslim investors will be launched in August, and will be one of the few investment firms in Singapore to conduct its business in
      425 words
    • 294 8  -  By UMA SHANKARI SINGAPORE should build on its experience in servicing Southeast Asian corporates and investors. and engaging with a growing China. It should also reach out to new markets such as India and the Middle East These were among the recommendations made
      294 words
    • 254 8 A PRIME freehold site at Balmoral Road is coming up for sale by tender. Number 21, situated next to the quaint Sloane Court Hotel and opposite Garden Hotel, is currently a five-storey apartment block with 16 tenanted apartments. The owner, an architect, is
      254 words
    • 252 8 Exhibition and conference from Aug 31 to Sept 2 THE International Healthcare Facilities Exhibition and Conference (IHFEC) 2005 is set to address the need and demand for quality healthcare facilities in Asia and the Middle East, Parkway Promotions Pte Ltd said yesterday.
      252 words
    • 34 8 UNIT TRUSTS FUNDS LEGEND:All prices are indicative;Broadly Diversified; Narowly Focused;$ 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
      34 words
  • Page 8 Advertisements

  • SMEspotlight
    • 716 9  -  The Internet may be the gateway to fast information but it doesn't open doors in business. E50 Club president tells NANDE KHIN why NANDE KHIN BUSINESSMEN these days may be able to find a wealth of information just a click away on the Internet, but that
      FILE PHOTO  -  716 words
    • 405 9 HOLDING on to the reins of one of the most successful privately held companies in Singapore, Sam Goi says that it is a control he is not ready to relinquish. The company he heads is Tee Yih Jia Manufacturing
      405 words
    • 887 10  -  The president of Sitra has been known to travel far and wide to source for quality timber. He talks to CHLOE CHOY about his zeal CHLOE CHOY HOW often do you find the president of a company camping out in the woods and risking
      CHRIS LOH  -  887 words
    • 490 10  -  By MINDY TAN THE government procurement market has helped many small and medium enterprises (SMEs) weather economic downturns. Commercial and Residential Interiors Private Limited (C&R) is one such example. Speaking to BT, C&R's head of finance and administration, Tan Kok Keng, listed the Housing
      490 words
    • 143 10 NOMINATIONS for this year's Enterprise 50 (E5O) and e5O. startup awards are now open, and local privately-held companies are eligible to be recognised as Singapore's most enterprising businesses. The E5O Awards, now in their 11th year, recognise that top 50 companies that have outshone others in
      143 words
    • 1005 11  -  SMALL CAPS Alliance with Capgemini enables Frontline to scale up services, reports AMIT ROY CHOUDHURY AMIT ROY CHOUDHURY FRONTLINE Technologies is one of the many relatively less well-known Singaporean companies which have successfully ventured overseas to explore business opportunities. The company, which provides services that help
      1,005 words
    • 333 11  -  By TEH HOOI LING THE rather severe profit-taking among the small cap stocks in our portfolio caused the portfolio value to slip by 2 per cent in the five trading days to yesterday. Compared with the UOB Sesdaq Index's 1.1 per cent fall and the
      333 words
  • Page 9 Advertisements
    • 120 9 =Q° (Ojmrma/i/ PALM RESIDENCE THE FAIRMONT EXPERIENCE IS NOW YOURS TO OWN IN DUBAI Be part of the high life in Dubai and invest in one of the most stunning residential property developments on The Palm, Jumeirah the ultra luxurious Fairmont Palm Residence. Managed by Fairmont Hotels and Resorts, this
      120 words


  • Page 11 Advertisements
    • 107 11 r-)£ALTH fl s[h For the first time ever, The Straits Times Mind Your JP Th»s mega event is suitable for any of these 14,2005 Hall 404, Suntec City Health supplements Health food products 4fc Health and gym equipment r Healthcare services B Tfaditiorial Chinese Medicine '?£ss if -rru' 1 r
      107 words

  • ECONOMY WATCH
    • 801 12 Consumer reports this week may deepen concern EU growth is faltering Bloomberg [LONDON] The euro fell for the seventh day in nine against the dollar yesterday after a failure of European Union officials to agree on the group's seven-year budget added
      Bloomberg  -  801 words
    • 1104 12 AP [SHANGHAI] Higher prices for Chinese-made T-shirts and TV sets but bigger sales for US and European factories. Cheaper imports for Chinese consumers but slimmer profits for foreign companies that have shifted operations to China. A decision by Beijing to give in
      AP; AF  -  1,104 words
    • 325 12 Bloomberg [BEIJING] China's textile exporters will need to apply for licenses to sell some products overseas as the government tries to restrict growth in the US$lOO billion-a-year industry, and ease tensions with economic rivals. Under the new rule, to take effect on
      Bloomberg  -  325 words
    • 417 12 Bloomberg [SINGAPORE] Asian governments should sell more local-currency debt to develop the domestic bond markets and cut back on borrowing in dollars and euros, said a Moody's Investors Service credit analyst. Asian countries excluding Japan will have a current account surplus of U*****.3 billion
      Bloomberg  -  417 words
    • 385 12 Bloomberg [NEW YORK] The index of leading economic indicators fell for the fourth month in May, pulled down by a drop in bond yields that is sparking a debate among economists over what it means for growth. The Conference Board's index declined 0.5
      Bloomberg  -  385 words

  • MALAYSIA/INDONESIA
    • 762 13  -  INDONESIA INSIGHT Jakarta needs to step up reconstruction efforts in the devastated province before discontent brews among its people SHOEB KAGDA Jakarta Correspondent With the wet season fast approaching, patience is running thin in Aceh. More than six months after the province was devastated by an
      REUTERS  -  762 words
    • 288 13 Biggest Indon telco denies knowledge of probe Reuters [JAKARTA] Indonesian investigators are compiling material on possible financial wrongdoing at the country's largest telecommunications firm, a senior prosecutor said yesterday. PT Telekomunikasi Indonesia Tbk, popularly known as Telkom, said it had no knowledge of the
      Reuters  -  288 words
    • 292 13 Bloomberg [KUALA LUMPUR] Malaysia's government has delayed its new automotive policy by two months to September from July, Trade and Industry Minister Rafidaih Aziz said. "The new tax and duty that has been promised, there's a slight delay," she told reporters in Putrajaya, outside
      Bloomberg  -  292 words
    • 235 13 Bloomberg [JAKARTA] Unicorn Investment Bank of Bahrain said it may buy a lender in Indonesia to expand Islamic financial services in the nation with the world's largest Muslim population. The bank, which offers products and services compliant with the Koran's ban on interest payments,
      Bloomberg  -  235 words
    • 149 13 Reuters [PUTRAJAYA] Muslim nations will form a preferred trading bloc by end-2005 to help bridge a yawning gap between oil-rich and impoverished countries, the Organisation of the Islamic Conference (OIC) said yesterday. "This is an important first step towards the larger goal
      Reuters  -  149 words
    • 4 13
      4 words
    • NOTE BOOK
      • 77 13 Bloomberg [DUBAI] Malaysia's Tenaga Nasional and MalakofT will build and run a US$2.4 billion power and water plant in Saudi Arabia, the kingdom's first private power venture for domestic consumers, after no other companies bid for the work. The companies, in partnership with Saudi Arabia's
        Bloomberg  -  77 words
      • 69 13 Reuters [HONG KONG] China-focused media company Tom Online yesterday said it has sealed a deal with a subsidiary of media giant Time Warner to become its sole wireless and Internet distributor in China. Tom Online, controlled by Li Ka-shing, will distribute Warner Bros Online wireless and studio
        Reuters  -  69 words
      • 73 13 Reuters [JAKARTA] Indonesia's state oil and gas company Pertamina is seeking a loan of between US$5OO million and US$7OO million from a syndicate of domestic banks to finance oil product imports, a company official said yesterday. Pertamina was caught in a cash squeeze earlier this year as
        Reuters  -  73 words
      • 78 13 Reuters [TAIPEI] State-run Chunghwa Telecom Co's labour union said it would disrupt the firm's annual shareholder meeting today and plans to sue the minister of communications over plans to privatise the firm. "We are bringing union officials from all over the island to protest Chunghwa
        Reuters  -  78 words

  • GREATER CHINA/INDIA
    • 641 14 Industrial giants Baosteel, Yangtze Power included in latest divestment Reuters [SHANGHAI] Investors applauded China's plan to quicken the sale of some US$2OO billion of shareholdings in listed firms, now expanded to include industrial giants Baosteel and Yangtze Power, as it seeks
      Reuters; Source: Bloomberg  -  641 words
    • 317 14 Reuters [NEW DELHI] India's communists, who prop up the federal ruling coalition, said on Sunday they were against the government's moves to sell stakes in major state-run firms, including Bharat Heavy Electricals Ltd. Last month, the communist-backed government approved a
      Reuters  -  317 words
    • 607 14 Reuters [MUMBAI] Shares in Reliance companies surged yesterday after the two brothers who run India's largest private conglomerate settled a long-simmer-ing feud, spurring the country's benchmark stock index above 7,000 for the first time. The Mumbai stock exchange Sensitive Index climbed 78.03, or 1.1 per
      Reuters; Source: Bloomberg; AFP  -  607 words
    • 577 14 Reuters [HONG KONG] US luxury mall operator Taubman Centers Inc is setting up shop in Asia, hoping to cash in on a surge in consumer spending, especially in China, where market liberalisation has unleashed an influx of retailers. Taubman is considering building
      Reuters; AFP  -  577 words
    • 293 14 AFP [BEIJING] Chinese auto maker Geely Group is in talks with MG Rover to buy the collapsed British car manufacturer, state media reported yesterday. This would mark the second attempt by MG Rover to find a Chinese rescuer following a decision
      AFP  -  293 words
    • 229 14 Reuters [BEIJING] The former head of China Construction Bank (CCB), who stepped down under a corruption cloud in March, is being investigated by the authorities, the bank said yesterday as it pledged to shore up internal controls. The bank, which is planning a US$5
      Reuters  -  229 words
    • 141 14 Reuters [BANGKOK] Kasikombank pel, Thailand's third-largest bank, said yesterday it is considering a tie-up with a Chinese bank to expand business in the world's fastest-grow-ing major economy. "One possible option is to join with a Chinese bank to provide loans jointly and we will
      Reuters  -  141 words

  • ASIA-PACIFIC/WORLD
    • 583 15 Listed firms scramble to raise defences against potential foreign hostile takeovers Bloomberg [TOKYO] Japan's annual shareholder meeting season shifts into high gear this week and the focus is likely to be whether the surge in anti-takeover "poison pill" plans is in the best interests
      Bloomberg; AP  -  583 words
    • WORLD WATCH
      • 120 15 Reuters [LUXEMBOURG] Luxembourg's political leaders yesterday decided to go ahead with a planned July 10 referendum on the European Union constitution despite a decision by EU leaders to extend the ratification deadline. Parliamentary leaders in the tiny Grand Duchy agreed at a meeting
        Reuters  -  120 words
      • 114 15 Reuters [NEW YORK] H J Heinz yesterday said it has agreed to buy French food company Danone's HP Food unit for about US$B55 million in a deal that will put the popular HP and Lea Perrins sauces under the same roof
        Reuters  -  114 words
      • 147 15 AFP [SEOUL] North Korean leader Kim Jong-Il (above) told a visiting South Korean envoy last week that he would scrap his missiles once friendly ties were established with Washington, according to reports here yesterday. Unification Minister Chung Dong-Young, who
        AFP  -  147 words
      • 108 15 AFP [LONDON] Britain's public finances worsened in May as increased government spending outpaced growth in tax receipts, official data showed yesterday. The Budget deficit rose as the public sector net cash requirement (PSNCR) recorded a deficit of £5.18 billion (5515.8 billion), the
        AFP  -  108 words
      • 141 15 Reuters [MOSCOW] Top Russian officials yesterday voiced fears about disturbingly swift consumer price growth and a fast-rising rouble, saying that they undermined trust in the economy and hurt producers. Russia's inability to meet its own inflation targets has embarrassed policymakers and earned them sharp
        Reuters  -  141 words
    • 886 15 The San Miguel chairman is adept at using political connections to keep the conglomerate within his control IHT [MANILA] EDUARDO Cojuangco Jr, chairman and chief executive of San Miguel, is a man Filipinos both admire and loathe. His food-and-drinks empire cuts a wide swath
      IHT; AFP  -  886 words
    • 260 15 Bloomberg [BANGKOK] Thailand's regulators will limit from July 1 how much individuals can borrow without collateral and the interest rates lenders can charge on those loans, the central bank said yesterday. The finance ministry and central bank aim to curb potential risks
      Bloomberg  -  260 words
    • 348 15 Bloomberg [LONDON] Commerzbank AG, ABN Amro Holding NV and Standard Chartered Pic are among European banks that are likely takeover targets as mergers and acquisitions (M&A) in the region gain momentum, according to Merrill Lynch Co analyst Stuart Graham. "We would recommend
      Bloomberg  -  348 words
    • 503 16 Congressmen ask Bush to block any effort by CNOOC to outbid Chevron Reuters [NEW YORK/SINGAPORE] Two US congressmen have asked the Bush administration to review and possibly block any effort by China's CNOOC Ltd to acquire Unocal Corp, The Wall Street Journal reported on
      Reuters  -  503 words
    • 183 16 AP [LONDON] The British government denied prominent reports in two Sunday newspapers that they were planning a blanket ban on smoking in public places. The Sunday Times and The Observer reported that the government planned to extend a proposed ban on smoking in
      AP  -  183 words
    • 428 16 Bloomberg [LONDON] Japan has the world's two most expensive cities after Osaka pushed London into third place, a survey by Mercer Human Resource Consulting showed. Tokyo ranks first, unchanged from a year ago, while Moscow moves down one place to fourth,
      Bloomberg  -  428 words
    • 344 16 Reuters [TOKYO] Osaka Securities Exchange Co (OSE), Japan's second-largest bourse, and European derivatives exchange Eurex said yesterday they have agreed to work towards the cross-listing of stock index futures and other securities. The agreement will also allow the OSE and
      Reuters  -  344 words
    • 560 16 NYT [NEW YORK] The Dolans, one of New York's most powerful families, moved on Sunday to buy out the public shareholders of their media empire, Cablevision Systems, and spin off its prized entertainment assets, which include Madison Square Garden and Radio City Music Hall. In
      NYT  -  560 words


  • AVIATION
    • 503 17 Its pilots reject contract tied to order for 18 B777s, 14 Dreamliners Bloomberg AP [OTTAWA] ACE Aviation Holdings Inc, parent of Air Canada, cancelled a US$6.l billion plane order with Boeing Co after the airline's pilots rejected a contract to fly them. Air Canada's
      Bloomberg; AP  -  503 words
    • 135 17 Reuters [MOSCOW] Turkey's Enka Insaat has agreed with Russia's Aeroflot to build an additional terminal at Moscow's Sheremetyevo airport by late 2007, an Aeroflot spokeswoman said yesterday. Irina Dannenberg declined to say how much the new terminal, tentatively known as Sheremetyevo-3, would cost. Kommersant
      Reuters  -  135 words
    • 401 17 Bernama [MELBOURNE] Qantas Airways and Singapore Airlines both said yesterday that they were not in any talks for a merger. Qantas said it supported the move towards consolidation in the aviation market but it had no plans to merge with another airline. "Consolidation
      Bernama  -  401 words
    • 194 17 Reuters [NEW YORK] US carrier United Airlines and its machinist union reached a deal on Sunday to save the airline US$175 million a year and allow it to terminate pension plans covering 20,000 active machinists and other workers and thousands of retirees. The Wall Street
      Reuters  -  194 words
    • 385 17 TERMINAL 2: The following airlines arrive at/depart from Terminal 2: American Airlines, Austrian Airlines,Delta Airlines, Finnair, Malaysia Airlines, Philippine Airlines, Royal Brunei, SilkAir,Singapore Airlines TELEPHONE NUMBERS: SATS *****590,JAL *****908, KLM *****442, CIAS *****234, UA *****244, Thai *****888, FINNAIR *****377,MAS *****800, Qantas *****744 Garuda: *****888,BA *****555, CPA
      385 words
    • LOG BOOK
      • 100 17 AFP [WASHINGTON] Continental Airlines has inaugurated a new daily service from New York to Beijing, becoming the first US airline to initiate flights to mainland China in nearly 20 years, the company said. Continental launched the service from its New York hub at Newark Liberty
        AFP  -  100 words
      • 87 17 Bloomberg [NEW DELHI] Jet Airways, Air India and other Indian carriers flew 22 per cent more passengers in India last year as economic expansion and cheaper airfares stoked demand for air travel. Total traffic rose to 59.3 million people in the year ended March 31,
        Bloomberg  -  87 words
      • 120 17 AP [CHICAGO] An American Airlines jet flying from New York to Seattle was diverted to Chicago after a suspicious item was found on board, authorities said. It turned out to be a radio. A passenger saw the item in one of the plane's restrooms and told
        AP  -  120 words
      • 75 17 Bloomberg [NEW DELHI] Indian Airlines, the nation s second-biggest domestic airline, said Sushma Chawla will be its acting chairwoman and managing director succeeding Sunil Arora. Ms Chawla, the airline's deputy managing director, will replace Mr Arora, a career bureaucrat, who is returning to government service, the
        Bloomberg  -  75 words
      • 80 17 AFP [KOLKATA, India] Five male passengers have been arrested for harassing female flight attendants on an Indian Airlines flight from Bangkok and will appear in court, an airport official said. The men are being held by airport police at the Netaji Subhas Chandra Bose International
        AFP  -  80 words
  • Page 17 Advertisements
    • 124 17 -water; <v,mtvMUJimwMm Deal of the week -39' |y n tit IgAyAj AMU TOHf OIWII9 UlVll |WN mtaKaKKMUBiw f fcMWMi AIRFARE HOTEL WEATHER Macau $69 $116 <o&st Tiger Airways Rousada Marina Infante Cloudy I TQPtODESIKAnOKS AW*Wfrw» HOTaflromfl WEffICR Bangkok $69 (Tiger Aiivwys) $80 {Classic Place Hotel) Thunderctoms tfflnwr niiiini $60 fcata
      124 words

  • SHIPPING
    • 750 18  -  MSC-PSA terminal at Belgian port has been upgrading, expanding capacity By GEORGE JOSEPH (SINGAPORE] PSA International which has gradually been building up capacity at its Antwerp terminals, may be one of a few in Europe able to cope with the peak
      750 words
    • 215 18 Bloomberg [SINGAPORE] Hyundai Heavy Industries Co, the world's largest shipyard, and other Asian shipbuilders will benefit from falling steel prices even as the prices they can charge for new orders drop, Londonbased broker Clarkson pic said in a market report. South Korea's
      Bloomberg  -  215 words
    • 300 18 [SINGAPORE] The head of the US-based managers of the Liberian Registry, has hit out at national flag administrations, saying that most if not all are incapable of understanding the needs of shipowners. He added that they are bureaucratic and inefficient. In a
      300 words
    • PORTSHOTS
      • 82 18 AFP (SYDNEY] Traffic over the iconic Sydney Harbour Bridge was brought to a crawl on Sunday by more than 600 truck drivers protesting government plans to reform work relations. Transport Workers' Union spokesman Tony Sheldon said the owner-drivers would keep up a civil disobedience campaign
        AFP  -  82 words
      • 135 18 Bloomberg [LONDON] OAO Primorsk Shipping Corp, Russia's third largest shipping company by tanker capacity, ordered two new oil tankers from Korea's Hyundai Heavy Industries Co, the world's largest shipbuilder, as it expands business. Each of the Aframax-class tankers will have capacity of 104,000 tons, Prisco
        Bloomberg  -  135 words
      • 77 18 Reuters [OSLO] Norwegian oil tanker operator Frontline agreed to pay US$5O million for control of family-owned Bergshav Holding AS and for a minority of its Bergshav Shipholding AS. If the deal to buy 65.8 per cent of Bergshav Holding AS and 21.9 per cent of
        Reuters  -  77 words
    • 287 18 SGX '000 Jun«20 S$ *1- Vol CH Offshore 037 unch 379 ChuanHup .0.76 -0.01 281 Cosco Corporation 1.83 -0.06 6823 CWT Distribution .0.68 -0.02 3 Ezra Hidgs 1.15 -0.01 84 Freight Links 0.08 unch 426 Grand Banks Yacht .0.98 0.03 1 Jaya Holdings 1.07 -0.02 104 K1 Venture
      287 words
    • 687 18  -  Market has recovered, growing steadily: study By DAVID HUGHES in London THE cruise industry has recovered from the "9/11" effect to the extent that 11 additional large cruise ships need to be ordered for delivery by 2010 to meet expected demand. The latest announcement
      FILE PHOTO  -  687 words
  • Page 18 Advertisements
    • 65 18 ATTENTION ALL SHIPPING COMPANIES WITH EFFECT FROM 19TH MAY 2005 MARPOL 73/78 ANNEX VI SINGAPORE STANDARD CP:6O 2004 REQUIRE SAMPLES TO BE TAKEN AT SHIP'S MANIFOLD WHEN RECEIVING BUNKERS YOIJ COMPLIED? MARITEC supplies all your needs to comply with the mandatory requirement. Maritec Pte Ltd 192, Pandan Loop, #05-26/27/28 Pantech
      65 words

  • SINGAPORE ARTS FESTIVAL
    • 487 19  -  By SNG-FUN POH YOKE CREATED as a bold new form of expression for the Singapore Chinese Orchestra and as an attempt to chart a new musical "voyage", the musical epic Zheng He Admiral of the Seven Seas succeeded in bridging cultures and artistic forms.
      487 words
    • 600 19  -  Featuring a cult instrument, Theremin is an aesthetic treat, says PARVATHI NAYAR PARVATHI NAYAR A MUSICAL instrument that's played without being touched? No wonder Kirsten Dehlholm, founder/artistic director of Danish avant-garde performance company Hotel Pro Forma, was excited when she first heard about
      600 words
  • Page 19 Advertisements
    • 54 19 Branding is more than just about looking good. Indeed, Lianhe Zaobao and Singapore Promising Brand Award (SPBA) have served as a StfOtSQIC QV6nU6 for Haach to establish our UniC|U6 brand identity and c»re values. 1 Ponz Goo, CEO, Haach Winner of SPBA 2002/03/04, SPBA Silver Award 2004, SPBA Distinctive Brand
      54 words

  • EDITORIAL & OPINION
    • 556 20 The EU's crisis and opportunity EDITORIAL THE European Union budget summit, which collapsed so unceremoniously over the weekend, will go down as one of the most acrimonious in at least half a century of European diplomacy. With all protocol swept aside, the deep fissures that run through the 25-nation grouping
      556 words
    • 1181 20  -  The causes a failure of corporate governance, a failure in damage control, and a lack of knowledge By TIGER TONG rLEARLY, the debacle of China Aviation Oil (Singapore), the once high-flying company, is a failure of corporate governance. In the final report released on June 3,
      REUTERS/ST  -  1,181 words
    • 790 20  -  THE BOTTOM LING SHADA ISLAM Brussels Correspondent LAST week's ill-fated European Union summit will probably be remembered as one of the worst in the bloc's history. Leaders failed in spectacular fashion to agree on a new seven-year financial blueprint and the first-ever draft
      790 words
    • 852 21  -  A booming economy and improving ties with India will help push its proactive policy and bilateral alliances in South-east Asia By APARNA SHIVPURI SINGH ASIA has been in news lately, more so because of the alliances that the Asian countries
      REUTERS FILE PHOTO  -  852 words
    • 393 21  -  LETTERS TO THE EDITOR Thorsten Michalik, Terence Ng WE are writing with reference to the article "Macquarie claims top spot in SGX warrants market" (June 15, page 6). We believe the metrics used to measure the warrants market in Singapore may have
      393 words
    • 602 21  -  Penelope Phoon Head of ACCA Singapore WE refer to the article "Financial Reporting Needs More Investor Focus: SEC"(June 17). The article warned that a degree of complexity has crept into financial reporting which makes it difficult for investors to understand exactly what is in the balance
      602 words
    • 185 21  -  Kevin Shum Director (Social Support). Ministry of Community Development. Youth ami Sports WE thank Mr Leong Sze Hian for his letter, "Poor rewarded to have fewer children?" (BT, July 15). The Home Ownership Plus Education (HOPE) scheme focuses on helping the most vulnerable group
      185 words

  • Page 21 Advertisements
    • 101 21 HAVE.YOUR SAY Fax your letimto" 6319-8277 or email them to btletterOsph.com.sg or write to: The Business Times, SPH HQ, 1000 Toa Payoh North, Podium Level 3, Singapore *****4. We need your full name, address and telephone number for verification. Please use temperate language, and bear in mind libel laws. We
      101 words
  • Page 21 Miscellaneous
    • 206 21 CRYPTIC CROSSWORD performing arts academy 2 Nut that had energy-packed fiHing 4 t 3 Attack on identification of c V painter (4) 15 YESTERDAY'S SOLUTION 4 Moor points to pagan (7) 9 Across: 1 Merchant. 6 Racket, 9 5 '6 Push one politician to follow Atwill. 10End-paper. 11 Hallowed, ow
      206 words

  • 2446 22 SGX XTRANET U-Wk Tel Lact Vol Day LactQuota GrMv Dtv GrVM Nat MCap High law Coda Company Sato W- COOP) Wgh low liiyar SaNf Cvr Wt $mil ********** 6065 Diamonds US*****xd 6095 IS DJ US Tech US3740xd 6097 IS MSCI Spore US555 6101 IS S4P500 US8270cd ********** 6170
    2,446 words

  • 3345 23 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES ••tool art Mi SS taUSS dy *yr rfy y* d* Mm 17 tnden Owing* P»aw9« Chang* Puny Change Change World Index Preliminary 8791 04 11 04 20 0.7 -0.3 I lAfl rrelirmiwy 8185 0 7 59 10 OA 3 -1.7 luro|ie Pr*4irr»icury 1140.1
    3,345 words

  • Page 24 Advertisements
    • 1260 24 NYK GROUP SOUTH ASIA PTE LTD fVfIW nrC V TEL:*****123 MX Aline USBf m 3 Xm LINE Fax: 6292 2856 (Regional sates) 6239 7109 (OPS)/ 6299 5785 (Documentation) NIPPON YUSEN KAISHA V*^s6 > TOKYO SO#*KU KAOHA. 17& (C/R NO: **********0E) CK*:!37»09MOOOO C SENATOR LINES attfeg pftSTK MNATOft (I.SJL) M*M Main
      1,260 words
    • 769 24 iBfIWAHA KOtO MtVKI vfssa/voT mupqm hbghtw wg wh ta sw ht SIUITSYWTUKII/05 15 3.2 21/04 23/06 28/06 01/07 03/07 STUmVBITUKI2/05 IS 3.2 06/07 08/07 14/07 17/07 l»/07 ISTKAITS VEWTUKt 13/DS 15 3.2 22/07 24/07 28/07 31/07 02/08 lauhhauan rqrq service I VBsa/yor 1 8tAWPqcT)|HBGwrqm| la |si lit sn> m m
      769 words

  • Page 25 Advertisements
    • 1330 25 www.homburgsud.com H AIISE SERVICE (EXPORT) ETA IK —MKim cymiit Mnmwttt MfitM SIMGAPOIH MISiAHE SYDNEY HHUOURNE AOEUIOt CAIYUN HE OtOS 24/06 04/07 06/07 09/07 It/07 Oil YUM HE MIS 21/07 01/ M 03/08 06/01 Ot/OI CAf A6UIU> 10SS 01/07 11/07 13/07 14/07 19/07 CAPAGUIUUMMS W/07 os/0t 10/08 IVM lt/01 CSCL XIAMEN
      1,330 words
    • 1130 25 VBSO VOY S!H PKG I fiOIDFN GATF SO9N 28/6 I 79/6 1/7 -I- NEW DYNAMIC QB9A ~WT 25/6 GOLDEN TRADE 509N 5/7 6/7 8/7 jjfg IKUO LUNG ll)17N I 12/7 I 13/7 1 IS/7 I I HEW DYNAMIC 090 A _7/7_ 9/7 •Colling HUG Mid-Strean *VSI colhng both Nortti West
      1,130 words
    • 998 25 w asaaw WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICD POINTS VtSSII VOT SIN P.KIANG COLOMBO N. SHIVA COLOMBO KOTA PtBWIRA YPWO6S 20 JUN 21JUN 24 JUH 27 JUW 30 JUN INOIUUKDHI DOT4W VIUN 28JUH 01 JUL 04 JUL 07 JUL miV GANDHI OM4W 04 JUL
      998 words

  • THE BUSINESS TIMES SHIPPING TIMES
  • Page 26 Advertisements
    • 414 26 ufillf WALLENIUS WILHELMSEN website: http://www.2wglobal.com VESSEL "VOT UC "W HOW MIA SAY »Al ~OtF NYC l*W MOO TARONGA AFSII 3201 MM 6.25 M I 20/07 10/01 19/0S 24/01 30/01 21/01 TAMPfRE Afsl9 4001 m 6.30* I 27/07 20/01 29/01 02/09 07/09 OS/09 TAMESIS AFS2O 320Uw 6.40* 05/00 30/0« 01/09 12/09
      414 words
    • 383 26 vissa voy sm pgu vpsa vor m jkt gjC MMDA MITM 27/06 23/06 MUll 417] 21/06 23/06 ftt 9101 0137P 23/46 75/06 PACIMTAN 9304 26/06 28/06 SSL —liS- —fin wm. 4IH -riu Bfo— f AC MUD A 1M 25/06 26/06 f!CTnH3>W»En— ff***** 013ff 16/06 27/06 ThllH ***** 111 fllf PACIAHOA
      383 words
    • 424 26 BSA ia.l MYANMA n FIVE STAR UNE (Mvmmt National Um) Loading far Yaagoa vissa voy sin pu pen pgu PAGAN 346W SIB HPA-AN 337W SU> IN MALAYSIA: IOUSnAO SHIPPING AGENCIES KUI/PKL 03-*****3U PEN: 04-2*3311 S MKBk ACCEPTING CONVENTIONAL C6O VESSEL VOY HKG SIN PGU PU KUC NAPIU 109 SU> SID
      424 words


  • PROPERTY
    • 415 28  -  Chan Soo Khian for Lincoln Modern, Koh Seow Chuan for the Esplanade By ARTHUR SIM SINGAPORE architects have bagged two of seven Royal Institute of British Architects (RIBA) Worldwide Awards 2005, putting them in the same league as some of the world's best.
      415 words
    • 584 28  -  It will occupy 200,000 sq ft at the top of the 50-storey North Tower, to be ready by Q3 2006 By KALPANA RASHIWALA IN one of the biggest office leasing deals in recent history, ÜBS will take up to
      584 words
    • 803 28  -  By ALEXANDRA HO BISHAN New Town, where flats used to fetch eye-pop-ping resale prices during the property boom, has the richest HDB residents. But new towns such as Punggol and Sengkang, which were hardly around in 1998, are fast catching up, according
      803 words
  • Page 28 Advertisements
    • 312 28 Anglo-Chinese PfjlTlP Residential Site in District 10 a sch 'L, Balmoral v 21 Balmoral Road Plaza le Single owner Freehold 2TT v Site area 2,503.3 sq m (26,946 sq ft) Hotel > Carae." T he Hotel a Residential Pinetree Club m Plot Ratio 1.6 Jm "Newton j> MRT 4 A
      312 words
    • 201 28 *II i IMHmHM Potong Pislr I BI l*T*l 1.1" 11*1 JliOllS mrt I J§ S Tenure Freehold MtYVfft ctitmn, c Site Area 29,436.86 sq. ft U Plot Ratio 2.1 a II Near to Potong Pasir MRT Bus Stop AH Near to PIE and established schools r 55 Twntor Closing: f\
      201 words
    • 108 28 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 Jelena 6839 7223 Swm Cheng Management Pte Ltd a 4 Robinson Road, opposite Republic Plaza I r Next to entrance to
      108 words