The Business Times, 28 July 2005

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Total Pages: 32
1 32 The Business Times
  • 17 1 THE BUSINESS TIMES SINGAPORE 85 cents online at http://business-time&.asia 1 .com.sg MICA (P) 069/03/2005 Thursday July 28,2005
    17 words
  • 689 1  -  Industry players urge Republic to move fast to beat rivals By NANDE KHIN [SINGAPORE] Singapore should develop an Islamic stock index to deepen its capital market and help boost its position as a global financial centre, according to a panel of experts on Islamic
    689 words
  • 517 1  -  Ifs a matter off how deep its pockets are, says Fernandes By JOYCE KOH [SINGAPORE] Air Asia's Tony Fernandas is unfazed by Orange Star, the new low-cost carrier (LCC) that will operate Valuair and Jetstar Asia. In fact, he doesn't think there will be any
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  • 133 1 STI (+11.85) ST INDEX FUTURES *****0 (+11.00) siMsa *****(40.99) SIMSa FUTURES 279J0 (+2.10) MARKETS Wednesday Chang* KLSECOMP 931.97 -3.77 NIKKEI 225 11.835.08 +97.12 HANG SENG 14,801.86 +31.93 SET INDEX 665.72 +&81 JAKARTA COMP 1.178.11 >0.11 MANILA COMP 1.***** +14.96 SEOUL COMP 1093.03 >2.43 SHENZHEN B ***** +3.50 BOMBAY
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  • TOP STORIES
    • 354 2  -  Distributor accuses rival of selling fakes bearing trademarks of its supplier By WEE LI-EN [SINGAPORE] The local cigar scene has been set alight by allegations of counterfeiting. Distributor and retailer Pacific Cigar Company (PCC) claims rival Cigar Affair (CA) has sold fakes bearing
      354 words
    • 666 2  -  Shareholders approached by investment bankers: sources By SHOEB KAGDA in Jakarta FRESH from its recent acquisition of PT Bank Lippo, Malaysia's state investment company Khazanah Nasional is already shopping around for another major bank in Indonesia and is said to
      666 words
    • 704 2 DBSAM loses 2/3 of its fixed income team TWO thirds of DBS Asset Management's award-winning fixed income team are leaving. It is now known that three more portfolio managers have quit, following the resignation of managing director and fixed income head Lim Heong Chye and two others earlier
      704 words
    • 968 2  -  Abdullah says franchise APs, overall policy to be reviewed By PAULINE NG in Kuala Lumpur RAFIDAH Aziz, Malaysia's Minister of International Trade and Industry, has cut short her official visit to South Africa and is expected back in Kuala Lumpur today
      REUTERS  -  968 words
    • 662 3  -  COMMENTARY The jury's still out on whether a merger of Valuair and Jetstar so apart ideologically can produce a fully functioning business VEN SREENIVASAN Senior Correspondent Ny? That's what the industry has been wondering since Valuair and Qantas-controlled Jetstar Asia announced a
      662 words
    • 764 3  -  By GENEVIEVE CUA [SINGAPORE] Two-thirds of DBS Asset Management's award-winning fixed income team are leaving. It is now known that three more portfolio managers have quit, following the resignation of managing director and fixed income head Lim Heong Chye and two others
      764 words
  • Page 2 Advertisements
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  • COMPANY NEWS
    • 781 4  -  Group working to launch office Reit 'as soon as possible', says MD By KALPANA RASHIWALA THE Business Financial Centre (BFC) project will probably have a residential component and the apartments are likely to be launched for sale in about a year. This was revealed
      ARTHUR LEE  -  781 words
    • 524 4  -  By JOYCEKOH is some progrsSs3sFfS ited Fiber globai'iirtu'lwt pulp producer, and punters yesterday appeared to jump on the company's announcement that it will begin operating a pulp mill in Indonesia. Unifiber, which has been highly volatile this year, yesterday closed half a cent higher
      524 words
    • 721 4  -  HOCK LOCK SIEW By RSIVANITHY IT WOULD be fair to say that although Wall Street has not performed well over the past seven months, hopes remain high among some parties that the US market will sooner or later come good and reward
      721 words
    • 394 4 By LOCAL postal operator Sing Post turned in a solid performance for its fiscal first quarter ended June 30 with a 13.4 per cent increase in net earnings and an 8.2 per cent rise in operating revenues. And it is rewarding
      394 words
    • 516 4  -  Better margins and additional refining capacity cited SPC is well positioned to capitalise on the healthy refining margins and continued demand for refined products. By RONNIE LIM SURPASSING analysts' expectations, Singapore Petroleum Company's 'net profit quadrupled in the second quarter to $101.7 million
      516 words
    • 377 4 Reuters SINGAPORE'S three banks should post higher secondquarter earnings as lending accelerated along with regional economic growth and as rising interest rates helped them to boost profits from loans. Analysts said profits for the rest of the year and into 2006 should
      Reuters  -  377 words
    • 654 6  -  But big spike to A$89.8m largely due to change in accounting rules By KALPANA RASHIWALA AUSTRALAND Property Group has posted a firsthalf net profit of A 589.8 million (Ssll3 million), up 80 per cent from the restated figure of A 549.8 million for the
      654 words
    • 374 6  -  By JOYCE KOH BLAZING ahead with its aggressive expansion plans, Osim International has turned in a record performance for the first half of this financial year. The mainboard-listed company yesterday posted a 53 per cent rise in first half earnings to $20.1
      YEN MENG JIIN  -  374 words
    • 299 6 Reuters SINGAPORE Airlines is expected to report today that quarterly profits slumped by a third, its second straight quarterly earnings drop, as the world's second most-valuable airline struggles with rising fuel costs. The cost of jet fuel traded
      Reuters  -  299 words
    • 202 6 THESE aren't just ordinary bulls. They are bull mascots with big hearts for charity. Earlier this month, the Bull Run 2005 mascots were making their rounds at the Singapore Exchange (SGX) office, in an effort to garner the support of executives for the Bull Run 2005 event,
      202 words
    • 441 6 It expects to seal more deals over next few weeks Bloomberg i\SCENDAS Real Estate Investment Trust, Singapore's No 2 property trust, plaYis to buy nine properties For *****.7 million, accelerating acquisitions amid rising competition. The nine properties will earn an average
      Bloomberg  -  441 words
    • 284 6 Reuters FORTUNE Real Estate Investment Trust, a property trust controlled by Hong Kong tycoon Li Ka-Shing, posted a 2.7 per cent rise in quarterly distributable net income as its portfolio of Hong Kong retail malls swelled. Fortune is paying unit-holders 8.25
      Reuters  -  284 words
    • COMPANY BRIEFS
      • 83 6 UNISTEEL Technology posted an 84 per cent gain in net income for the half-year ended June 30, 2005. Its net profit soared to $19.3 million, after including a one-time $3.9 million gain from the sale of a 35 per cent stake in
        83 words
      • 65 6 OKP Holdings recorded a 32 per cent fall in net profit for the six months ended June 30,2005, to $900,000 which it blamed on lower profit margins as a result of higher sub-contracting costs on some projects. Its revenues grew slightly to $36.8
        65 words
      • 82 6 THAKRAL Corporation posted a 57 per cent year-on-year fall in first-quarter net profit to $2.2 million. Its turnover slipped 1 per cent to $126.1 million. It said the group's cash in hand at the end of the quarter was $83.6 million. Thakral also
        82 words
      • 82 6 SINOBEST Technology Holdings, a provider of IT services, said it expects turnover and net profits for the first half 0f2005 to be lower compared with the same period last year. It said intense competition has affected its profit margin, in line with an earlier outlook guidance.
        82 words
      • 120 6 Bloomberg JARDINE Matheson Holdings Ltd, which owns real estate and runs supermarkets and hotels in Asia, said underlying first-half profit rose 18 per cent on better earnings at most of its units. Net income in the six months through June 30, excluding one-time gains
        Bloomberg  -  120 words

  • Page 5 Advertisements
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  • SINGAPORE MARKETS
    • 466 8  -  STOCKS Wall Street's influence on local bourse appears to have waned R SIVANITHY Senior Correspondent THE hectic rotational playing of the past few days continued yesterday, this time pushing stocks like Midas Holdings, FibreChem and Bio-Treat to the forefront of activity. Whether or not this interest
      Source: Bloomberg  -  466 words
    • TRADES TO WATCH
      • 371 8 HONG Kong shipping tycoon Frank Tsao is no longer a substantial shareholder of Suntec REIT, having on Tuesday sold 20 million units which pared his direct stake to 4.28 per cent from 5.83 per cent. The sale through a single
        371 words
      • 76 8 BRIGHT Orient Holding said its substantial shareholder, Success Come Ltd, yesterday sold 36 million shares at 18 cents in an off-market transaction, slashing its direct stake in the company from 35.37 per cent to 6.37 per cent. Success Come, which now owns
        76 words
      • 61 8  -  Compiled by JOYCE KOH SAM Goi's Tee Yih Jia Food Manufacturing has raised its direct stake in Thai Village Holdings by 3.4 million shares on Monday in a married deal. With that. Tee Yih Jia's direct stake in Thai Village has
        61 words
    • Article, Illustration
      424 8 OTHER SINGAPORE INDICES Jul 27 VALUE CLOSE BT OB/OS -79.00 -152.00 BTCADI -*****.00 +16.00 BT 10-day MA -*****.00 -7.00 All-SG Equities 598.43 +2.52 SG Equities Elect 138.32 -0.73 SG Equities Fin 1652.63 +4.07 SG Equities Prop 640.39 +4.35 SiMSCI 278.22 +0.99 SiMSCI Futures 279.80 +2.10 MOST ACTIVE STOCKS VOLUME UniFiber
      424 words
    • Article, Illustration
      927 8  -  Compiled by JOYCE KOH Suntec REIT July 27 dose: $1.21 BNP PARIBAS, July 27 SUNTEC REIT's latest lease at its Suntec City Mall is signed at above $15 per square foot per month, which is significantly higher than the average rental rate ($8.70). This will reflect the level of
      Source: Bloomberg  -  927 words
    • 380 8 CURRENCIES AFP [TOKYO] The dollar continued firmer against the yen in Asian trade yesterday, building on gains after China denied it would carry out another revaluation of the yuan any time soon, dealers said. The dollar was back at levels seen before
      AFP; REUTERS  -  380 words

  • Page 9 Advertisements
    • 98 9 Congratulations to Mapletree Logistics Trust on its Successful Listing on the Singapore Exchange Securities Trading Limited DBS and ÜBS warmly congratulate Mapletree Logistics Trust on its successful ***** million* Initial Public Offering and Listing on 28 July 2005. We are honoured to be the Joint Financial Advisers, Underwriters and Bookrunners
      98 words

  • MID CAPS
    • 835 10  -  Overseas operations account for 59% of food group's turnover and are expected to be its main growth engine, reports WONG WEI KONG WONG WEI KONG SINGAPORE Food Industries may be best known here for feeding thousands of hungry soldiers each year, but the future earnings of
      FILE PHOTO; Source: Bloomberg  -  835 words
    • 4758 10 UNIT TRUSTS FUNDS ■nRTTffllMHHIHHI crtl Global Healthcare Fund 0.96/ Cm Gfc Fm Srvcs Fund 1.07/ aui a u_, ic'iMMt Citi US Aggressive Growth Fund 0.88/ nana/ S B Sei Gib Bus Ldrs Ptfl 03(SGD) 1.1184/ S B SH Gib Bus Ldrs Ptfl 03(USD> 1.1677/ 3 Cmbond S pore Class Y
      4,758 words

  • SINGAPORE NEWS
    • 282 11  -  It is expected to form the backbone of the future ISO standard By RACHEL LIN EXHIBITIONS worldwide should soon be organised to Singapore standards. Singapore's proposal for a new international standard on exhibition terminology has been accepted by the International Organisation for
      282 words
    • 327 11 ANOTHER batch of homeowners is hoping to ride on the improving property sentiment by putting their homes up for collective sale. The owners of Eastern Mansion, a freehold development off Meyer and Amber Road, are hoping to part with their homes for $156 million to
      327 words
    • SINGAPORE ROUNDUP
      • 94 11 AGB Nielsen is to end its television audience measurement rating service in Singapore from the end of the month, the agency announced yesterday. A continuation of its rating service here was no longer financially viable after the cessation of major client Media Works'
        94 words
      • 115 11 Al5-YEAR-OLD opera singer, a 19-year-old environmentalist and a 23-year-old "leadership role-model" are to receive the HSBC Youth Excellence Awards in a ceremony at the Ritz-Carlton Millenia today. Janani Sridhar, the first Singaporean to win first place at the Llangollen Musical Eisteddfod in Wales, will be
        115 words
    • 394 11  -  By LISA TAN A RECORD number of brands have won the Singapore Promising Brand Award (SPBA) 2005, indicating an increasing awareness of the importance of branding. In all, 36 brands emerged winners from a record number of entries this year (over 150). Half of
      NG SOR LLIAN/ST  -  394 words
    • 384 11  -  By SAMUEL EE GERMANY'S ZF Group expects the Asia—Pacific to contribute 8 per cent to its global sales this year up from the 6.9 per cent in 2004 as the company's regional sales look set to jump significantly in 2005. Last year, the automotive
      384 words
    • 306 11 AS much as 6 per cent of revenue from US companies is lost to fraud, according to a study last year by the American Association of Certified Fraud Examiners. "That's quite a shocking figure," said Paul Curby, director of fraud risk services for Asia-Pacific at
      306 words
    • 267 11 A MEMORANDUM of understanding (MOU) signed yesterday is likely to help draw more Chinese companies to set up here, adding to the 1,500 which are already in town. The Economic Development Board (EDB) and JTC Corporation (JTC) yesterday signed the MOU with
      267 words
  • Page 11 Advertisements
    • 14 11 Head to The New Paper Fast Ads for beauty Jjlg haircare services! buyhsmiifmh. f
      14 words
    • 243 11 Organized By Main Sponsor isinqapore rvr% .NDIAN CHAMBER M I OF COMMERCE V 9 L/LI»J INDUSTRY SICCI DBS Singapore Indian Entrepreneur Awards 2005 The Indian Business community in Singapore has always taken great pride of its entrepreneurial spirit and drive to seek out new opportunities. The 'SICCI DBS Singapore Indian
      243 words

  • FOCUS: INDUSTRY
    • 1063 12  -  Helping to keep Singapore clean and green are 400 companies performing the critical task of waste management. CHLOE CHOY reports CHLOE CHOY EVERY day, the rubbish collectors come by and quietly remove your day's worth of trash. You hardly notice their presence except for the stench, perhaps.
      1,063 words
  • Page 12 Advertisements
    • 431 12 r I THE MONETARY AUTHORITY OF SINGAPORE; Tenor Approximately 2 years I Total Amount Allotted SGD 1,600,000,000 I II Amount Allotted to I Non-Competitive Applications SGD 209,430,000 I Of which allotted to MAS SGD 100,000,000 I jO ft*' i Total Amount Applied SGD 3,068,435,000 I Coupon Rate 2.625% p.a. I
      431 words
    • 117 12 MERITUS MANDARIN SINGAPORE p fink Squirms' > In celebration of Bastille Day on 14iulj6 > Chef de Cuisine Bertrand Raguin presents a 2f~ of contempopjrfy>reTKti_^/ cuisine. f Relish a free bottle of Mandarin Celebration Conet Reserve Scut Champagrie (375m1) with every 2 orders of Gastronomy Set Menu! Dinner lgn Gastronomy
      117 words

  • ECONOMY WATCH
    • 518 13 They include equalising tax rates of domestic and foreign companies Reuters [BEIJING] With the longawaited currency revaluation behind them, China's planners are turning attention back to fine-tuning economic cooling policies and other reforms needed to cushion the impact of last week's move. Proposals
      Reuters; AFP  -  518 words
    • 430 13 They initiate things by buying US$2b of their own bonds Bloomberg [HONG KONG] China, Singapore and nine other AsiaPacific central banks bought US$2 billion of their own bonds this year. Now they want investors to do the same. The banks started the
      Bloomberg  -  430 words
    • 368 13 Reuters [SHANGHAI] China's central bank pushed the yuan to a post-revalua-tion low against the dollar in a lastmoment burst of intervention on Wednesday, as Beijing strove to cool speculation that last week's appreciation was the first of many, dealers said. Hie yuan closed
      Reuters  -  368 words
  • Page 13 Advertisements
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  • MALAYSIA/INDONESIA
    • 490 14 Cash-rich power companies, banks and mobile phone firms to lead charge Reuters [KUALA LUMPUR] Malaysian power companies, banks and mobile phone firms are expected to lead a charge to expand overseas as the country's move to allow its currency to strengthen makes foreign acquisitions cheaper.
      Reuters; AP  -  490 words
    • 2341 14 VOl General Corp 0.49 0.01 147 *H27 RM rOOO) Genting 19.70 0.10 1046 George Kent 0.59 0.02 118 ASM Realty 1.46 -0.04 80 GHLSystems 0.21 unch 336 Abnc 038 001 137 Globetronics Tech 0.40 -0.02 1600 ACP Industries 0.75 unch 56 GlomacBhd 1.52 0.05 1759 Advance Synergy 0.29
      2,341 words
    • 346 14 Boost for government finances, says Moody's Bloomberg [KUALA LUMPUR] Malaysia's decision to scrap its ringgit peg for a managed float system will improve government finances, dampen inflation and fuel economic growth, Moody's Investors Service said. The ringgit will strengthen "gradually" over the next year or
      Bloomberg  -  346 words
    • 230 14 Bloomberg [KUALA LUMPUR] Tanjong Pic. the Malaysian power company controlled by South-east Asia's secondrichest man. Ananda Krishnan. may sell its first bond overseas to fund the purchase of two electricity plants in Egypt. Tanjong is negotiating to buy the plants with 1,366 MW
      Bloomberg  -  230 words
    • 453 14 Bloomberg [KUALA LUMPUR] YTL Corp, Malaysia's biggest builder, plans to bid for road and power-plant projects in Indonesia, seeking to benefit from its plan to offer US$75 billion in infrastructure projects to investors this year. Indonesia in January offered investors infrastructure
      Bloomberg; BLOOMBERG  -  453 words
    • 308 14 AP [KUALA LUMPUR] A Malaysian resort chain has apologised to hundreds of Chinese tourists who complained after hotel workers drew sketches of pigs on their check-in cards in an apparent racial slur, officials said yesterday. More than 350 tourists from China staged a sit-in
      AP  -  308 words
    • NOTE BOOK
      • 58 14 Bloomberg [JAKARTA! Indonesia's PT Bank Niaga said first-half profit rose 2 per cent from a year earlier, when it had a one-time gain that boosted earnings. Net income in the six months ended June 30 rose to 308 billion rupiah (5552.1 million), compared
        Bloomberg  -  58 words
      • 62 14 Bloomberg [HONG KONG] Wheelock Co, a Hong Kong company which invests in real estate and retailing, is seeking to sell the building in the city's Central district that formerly housed the flagship outlet of its Lane Crawford department store chain. Lane Crawford House, on
        Bloomberg  -  62 words
      • 75 14 Reuters [BEIJING] The bad loans of major state-owned commercial banks fell to 10.12 per cent of all their lending by the end of June, down 5.45 percentage points from the beginning of the year, the China Banking Regulatory Commission said yesterday. Total outstanding
        Reuters  -  75 words
      • 73 14 Bloomberg [JAKARTA] ConocoPhillips, the third-largest US oil producer, is among 23 companies bidding for the right to explore for oil and gas in 11 Indonesian fields, an energy ministry official said. Thailand's PTT Exploration Production pel, Indonesia's PT Energi Mega Persada, and
        Bloomberg  -  73 words

  • INDIA
    • 360 15 Deal could be worth over US$650m, boosting Oracle in banking software [HONG KONG/MUMBAI] Oracle is in talks with Citigroup's private equity unit about the purchase of its controlling stake in India's I-flex Solutions maker of the world's best-selling banking software in
      360 words
    • 284 15 Reuters [MUMBAI] India's top private-sector fuel refiner, Reliance Industries Ltd, reported a 61 per cent rise in quarterly net profit thanks to strong product prices and a relatively low cost of crude oil. Reliance Industries, India's largest listed private company and flagship of the Ambani
      Reuters  -  284 words
  • Page 15 Advertisements
    • 1755 15 I T.TJ I Land I Keppel Land Limited H Co Reg No: *****0001G (Incorporated in the Republic of Singapore) 1. UNAUDITED RESULTS FOR THE HALF YEAR ENDED 30 JUNE 2005 At the pre-tax level, Group profit of $84.3 million was about 29% higher than that for IH2oo4due largely to The
      1,755 words

  • GREATER CHINA
    • 529 16 Other cities escape effects of measures to cool soaring home prices Reuters [SHENZHEN] China's attempts to cool home prices have hit Shanghai's property market hard, but other cities are only feeling a small ripple effect, according to the country's biggest listed developer, China
      Reuters; AFP  -  529 words
    • 283 16 Reuters [SHANGHAI] China has unveiled rules to help troubled securities firms pay back debt owed to retail investors, as Beijing tries to cushion the impact from its efforts to clean up the loss-making brokerage sector. The rules, issued by the Ministry of Finance,
      Reuters  -  283 words
    • 318 16 Reuters Bloomberg [HONG KONG/TAIPEI] Taiwan Business Bank a lender 44 per cent owned by the government said it has started inviting bids from local and foreign investors as part of the government's plan to speed up financial consolidation. "We have hired
      Reuters; Bloomberg  -  318 words
  • Page 16 Advertisements
    • 644 16 IGET TO THE CORE r~7 upaitTTil OF GOOD HEALTH @Health You Seminars Don't miss these practical and informative I J I seminars at Singapore's mega health event of the year. You'll get professional advice to J keep you and your family in the pink of health. There's just no better
      644 words

  • ASIA-PACIFIC/WORLD
    • 496 17 It says Asean treaty will not hinder ability to defend itself from attack AP Reuters [VIENTIANE] Australia dropped its objections and agreed to sign a friendship treaty with South-east Asia because it recognised that its economic future is tied to the region, the Australian Foreign
      AP; Reuters  -  496 words
    • 492 17 Reuters [SYDNEY] The Australian Stock Exchange Ltd (ASX), the Asia-Pacific region's third-largest bourse, posted a better-than-expected 49 per cent jump in quarterly profit on strong listing fees, but its shares fell as much as 4.6 per cent after it ruled out a
      Reuters  -  492 words
    • 799 17  -  JAPAN INSIGHT Avoiding a financial crisis after the dropping of the yuan and ringgit peg is top priority for the region ANTHONY ROWLEY Tokyo Correspondent When China announced a modest revaluation of its currency last week and eased the regime that had pegged the yuan
      799 words
    • 477 17 Reuters [CHICAGO] A twisting 115storey glass and concrete tower that would be the tallest building in the US may soon grace Chicago's lakefront, its developer said on Tuesday. Critics compared the proposed 610 metre Fordham Spire to a giant candle fit for
      Reuters; AFP  -  477 words
    • 351 17 LATEST US DATA Reuters [WASHINGTON] US manufacturers got good news yesterday after government data showed orders for durable goods rose unexpectedly last month, while a key proxy for business spending also rallied sharply. The Commerce Department said demand for long-lasting goods gained
      Reuters  -  351 words
  • Page 17 Advertisements
    • 482 17 aT I econl ECON HEALTHCARE LIMITED (Incorporated in the Republic of Singapore) Company Reg. No. *****2500K NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN THAT an Extraordinary General Meeting of the Company will be held at 20 Jalan Afifi, CISCO Centre 11, #04-02/03, Singapore *****9 on 22 August 2006
      482 words

  • AVIATION
    • 513 18 Airbus drives H1 profits; EPS now seen at 1.5 euros, up from 1.36 euros Reuters [FRANKFURT] European aerospace and defence group EADS's new cochiefs pledged to deliver on 2005 growth targets yesterday after reporting a sharp rise in HI operating
      Reuters  -  513 words
    • 326 18 AFP [BANGKOK] Thai Prime Minister Thaksin Shinawatra yesterday threatened to blacklist contractors from future government projects if Bangkok's long-delayed new international airport is not finished within two months. A similar threat was made last August, but this time Mr Thaksin said he fears
      AFP  -  326 words
    • 334 18 Bloomberg AFP [KUALA LUMPUR] Malaysia's Air Asia Bhd may cut its fuel surcharge if the ringgit strengthens, chief executive Tony Fernandes said. "If the ringgit continues to strengthen, then there will be less of a need for a fuel surcharge," he
      Bloomberg; AFP  -  334 words
    • LOG BOOK
      • 58 18 Bloomberg [SEOUL] Asiana Airlines said it has halted 18 overseas flights, losing some 35 billion won (Sss7 million) in revenue, because of a shortage of pilots amid a labour strike. It will halt flights to Sydney, Los Angeles, New Delhi until the end of July
        Bloomberg  -  58 words
      • 65 18 AFP [FRANKFURT] German airline Lufthansa, locked in a price war with low-cost rivals, said on Tuesday it would offer 900,000 return tickets at 99 euros (Ssl99) on its domestic routes. The announcement came after another German carrier, DBA, offered 500,000 single tickets for 49.99 euros
        AFP  -  65 words
    • 255 18 Bloomberg [WASHINGTON] The US government may expand its plans to check airline passenger records for terrorists beyond the two carriers initially scheduled to be involved, a transportation security official said. Airlines' reservations systems may be similar enough to let the Transportation Security Administration begin
      Bloomberg  -  255 words
    • 229 18 Bloomberg Reuters [NEW DELHI] Mumbai, India's financial capital, was paralysed for a second day as record monsoon rains caused power cuts "and forced the closure of the airport and train system. At least 70 people were killed in floods and landslides in western
      Bloomberg; Reuters  -  229 words
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  • Page 18 Miscellaneous
    • 173 18 CRYPTIC CROSSWORD power away (9) DOWN ahead (7) Across: 1 Therapy, 9 Derisive, 10 16 Deliberate risk on the markets Catalpa, 11 Stickler, 12 Hawser, 13 SSKLm' a < 9 > By all means, 15 Shag, 16 Nicode- Prskp from pxtpndpd familv ,7 Protection once offered by mus, 21 Tied,
      173 words

  • AVIATION/SHIPPING
    • 331 19 NYT [NEW YORK] Capital development costs at the nation's airports will average US$l4.3 billion a year from 2005 through 2009 as air travel reaches record levels, according to a survey scheduled to be released by an airport trade association. The Airports Council
      NYT  -  331 words
    • 149 19 Reuters [NEW YORK] Boeing Co yesterday reported a 7 per cent decline in quarterly profit that still beat forecasts, and it raised its outlook for earnings and plane deliveries as demand for its jetliners grows. The commercial jet maker and defence contractor
      Reuters  -  149 words
    • 253 19 NYT [WASHINGTON] The head of the Federal Aviation Administration said on Tuesday that new air traffic controllers will have to accept sharply reduced salaries because declining ticket tax revenues can't support generous compensation packages. Marion Blakey said because of deeply discounted air fares,
      NYT  -  253 words
    • 132 19 NYT [WASHINGTON] The US Senate Finance Committee agreed on Tuesday to give major airlines 14 years to fully fund their retirement plans as it approved legislation to shore up the nation's private pension system. Among provisions affecting a range of
      NYT  -  132 words
    • 576 19  -  Ongoing phase 2 development will add 40% more capacity this year By GEORGE JOSEPH [SINGAPORE] Malaysia's Tanjung Pelepas Port (PTP) is banking on a huge industrial park to attract more shipping lines. The port largely seen as a dedicated terminal
      FILE PHOTO  -  576 words
    • 239 19 Bloomberg [HONG KONG] Shanghai Port Container, the publicly traded unit of China's biggest port, said major share j holders will increase the amount of stock compensation to small investors for a government plan to dispose of its stockholdings. Small investors will receive 2.2 shares from
      Bloomberg  -  239 words
    • 307 19 Bloomberg [SYDNEY] A Greenpeace blockade of Australia's Newcastle port, the world's largest coal-export harbour, ended after police towed away the group's Rainbow Warrior ship that was obstructing a channel used by coal vessels. The ship has been towed out of the channel, where
      Bloomberg; REUTERS  -  307 words
    • 323 19  -  By DONALD URQUHART [SINGAPORE] The Vancouver Board of Trade has asked the Canadian federal government to put an end to the nearly month-long truckers' strike at the Port of Vancouver, which it says is costing the economy nearly Cs7s million (Sslol million) a week.
      323 words
    • 305 19 Xinhua ITIANJIN] China's port throughput growth remained on the high side, but the rate has slowed down in the first half of 2005, according to a report released by the Ministry of Communications here yesterday. In the first six months this year, the
      Xinhua  -  305 words
    • 313 19 SGX '000 Jul 27 SS Vol CH Offshore .0.39 -0.01 1418 Chuan Hup .......0.82 unch 1820 Coco Corporation 2.36 0.12 ***** CWT Distribution .0.70 -0.01 39 Ezra H Idas 135 0.02 4694 Freight Links .0.08 unch 160 Grand Banks Yacht .0.96 0.01 23 Jaya Holdings 1.15 0.01 818
      313 words

  • EDITORIAL & OPINION
    • 525 20 EDITORIAL SINCE becoming prime minister of Japan in 2001, Junichiro Koizumi has been perceived to be "fire proofbecause he has survived so many political crises and has managed to minimise potential challenges to his position by appointing non-politicians to the cabinet. But not even Mr Koizumi
      525 words
    • 766 20  -  THE BOTTOM LINE DAVID MASON THERE is a huge number of "quangos" in Britain. For those who don't know what it means, a quango is a "quasi-autonomous non-governmental organisation". It translates into jobs for the boys, doing things and investigating things that are of
      766 words
    • 875 20  -  The real challenge is weaning China from its addiction to export-led economic growth ROBERT SAMUELSON LET'S be clear. The central problem of the exploding trade imbalances between China and the United States and China and the rest of the world is NOT
      AP; REUTtRS  -  875 words
    • 1658 21  -  With no military victory or political solution in sight, the US should reconsider its democratic dreams for the region LEON HADAR Washington Correspondent IF you want to draw up a Future-of-Iraq scenario you should factor in two propositions. First, neither the Americans and their
      AFP  -  1,658 words
    • 661 21  -  THOMAS FRIEDMAN NYT THERE is no doubt that Lance Armstrong's seventh straight victory in the Tour de France, which has prompted sportswriters to rename the whole race the Tour de Lance, makes him one of the greatest US athletes of all time. What I
      NYT  -  661 words
    • 874 21  -  By DAVID McMAHON Reuters ALAN Greenspan likes to say you may as well toss a coin as try to forecast exchange rates. That has never stopped currency analysts from making bold calls, of course. But when there's little agreement even on the direction of
      Reuters; AP  -  874 words


  • 10142 22 SGX MAINBOARP 52-Wk Td Last Vol Day Last Quote Grttv M» GrVM MM MCm High low Code Company Sale C0001 High Low Wtym S¥tm Cvr Ht Smt 10 J 5716 IstSoftwareSt 3.5 unch 7513 3.5 3.5 3.5 4 142 34.5 11 3148 8TetecomUS2c 11.5 -0.5 1454 12 11.5
    10,142 words

  • 6100 23 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES hitottlafT in SJ teu» tfy %dy %yr MM Inrtp Oianga Omut ttwg Change Q»ng» Chang* World indw °relim«vary 8986 00 54 02 2,9 -0.1 07 I EAff Prefcnmry 8443 0J8 93 00 0# 44 VA Europe Pwlimlnarv 11<2j6 00 11.7 11 1.7 -03
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  • Page 24 Advertisements
    • 916 24 I HIIIIIiIIKI V|HW[ 4 Hp J I* j Bk. 3kv I mLr I 1 r -]^J^pjß^ L ml V- v NYK GROUP SOUTH ASIA PTE LTD m h V7VV cM'FG V TEL *****123 A MWgaf M 3 Mm LINE Fax: 6292 2856 (Regional sates) 6239 7109 (OPS)/ 6299 5786 Pocumentabon)
      916 words
    • 476 24 P] DONGNAMA LINE nTTjrrmirTr m OOiIIIMMPIIBDiiWWOI VBsa dVHT WB) VOY [»1 HKG M( MS JUMLH GlOtY M3N M/M 07/N 12/ M 15/ M IUXaOWN SOON |H/M 14/ M 10/ M 22/ M vßsatmrr sad vor sgp hkg (wva tram tirmmau TS SOSN 30/07 M/M TS OSAKA 51 ON M/M 1
      476 words
    • 768 24 fßCTßAsmEOto—tvwi vtga/vor i mmot wohww m km to i aw i jkt STIATTS VQfTU« 15/05 I 15 Ji 72/07 2V07 21/07 31/07 02/08 STIAITS VENTUtf li/OS IS U 05/06 11/06 14/06 16/06 i STKAm VEMTUtt 17/ OS 15 il 16/06 21/06 25/06 26/06 30/06 ippiwwiww i VBsa/wr imukt) hbohtpui ia
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  • Page 25 Advertisements
    • 1182 25 www.homburgsud.tom I AUSI saviq (EXPORT) Jtt JB Singapore mnurn sTuwrr mioumii tuajuu murm mam vnm mutmm mm CAftfUHAKIMS 29/07 W/W 10/00 13/01 lt/M WWUIUIIO7S fr/M 85/W 07/W H/W IVW OCIIIMIBIOOCS 85/ M IS/M 17/01 M/M 2VM CaiIWHIIMS 01/W 11/W 14/W 17/99 H/W SfOmOMS 12/08 72/08 24/08 27/08 30/08 S(OTIA 02IS
      1,182 words
    • 1094 25 Kssa voy «P pkg CAPESAimAGO 003n 7JI S/8 MfWbYNAMK ~7fl~ ifl I GOLDEN GATE 151 In I 9/8 I 10/8 I 12/8 I r«ffl MIDGE 0S6A 11/8 13/8 I GOLDEN TUDE I SUM I 11/8 I 17/S I 19/8 I NEW DYNAMIC 093A 18/8 20/8 TBI a*ng both Mortti i
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    • 920 25 m a<3as& WEEKLY EXPRESS SAIUNG SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AMD WESTERN ICQ POINTS VKStt VOT SIN PJOANG COLOMBO It SHEVA COLOMBO HJMg who*, juyi inyi mui mm pa mane quest OOMW Tlm mm niui km am lOftrtlWllA mwt7 25 JUL MM 71M 01 AUG Blillfi nmmtu mbslhiaihl 02AUC
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  • THE BUSINESS TIMES SHIPPING TIMES
    • 7572 26 ETA ETA Advartfear Vessel Voyage Telephone ETA ETA Advarthar Vessel Voyage Telephone SIN Desfn Name Name Number Nymber SIN Dast'n Name Name Number Numtur To ALGECIRAS (ALG) 2013 Spain TO ABIDJAN (A8J) 2003 Cote D'lvoire 06/08 01/09 NGPL F0YLEBANK Sf189 *****2J8 05/08 10/09 CMACGM
      7,572 words
  • Page 26 Advertisements
    • 732 26 VUUIf WALLENIUS WILHELMSEN website: http://www.2wglobol.com [VESSEL I VOY RAMP I WIGHT IK MAO HOU« MIA SAY »AL ORE MT( WW MOO I ALTON A AJSO4 60Tms S.3M I 05/08 15/09 16/09 19/09 21/09 TAMESIS AFS2O 320 Toes 6.4 M I 08/08 30/08 08/09 12/09 14/09 14/09 |TO»A Afs2l 400TW1 t.3OM
      732 words
    • 535 26 YRSa VOY SM PGM Vissa VOT SIM XT PAOAHPA IS24H 30/07 30/07 P*C MWTAH 9309 30/07 02/01 JSLm OH3? 3fiZfiZ WO? zztz SWg gfij PACIANPA IS2SN 31/07 01/08 PACMOTAK 9310 04/08 09/ M paoanda ]5M 52ZM n/o» jsf23oi 0114? 02/ m 03/Qi jail tuMjtummmm mum 112ZM 911 M Q4/W ISot
      535 words
    • 448 26 BSA n a lT=!=irffEVT9=r^l l &En^^v o MYANMA AH FIVE STAR LINE (Myonmor National Line) Loading for Yang or VESSEL VOY SIN Kl PEN PGU PAGAN 348W SU> PAGAN 349W SIB IN MALAYSIA: lOUSTEAD SHIPPING AGENCIES KUI/PKL 03-300 SOU PEN: 04-2633*1S ACCEPTING CONVENTIONAL C6O VESSEL VOY HKG SIN PGU PKL
      448 words


  • Page 28 Advertisements
    • 3462 28 I Notices Head Office: 190 avenue Charles-de-Gaulle I I ***** Neuilly Cedex (Paris) France I c|-» J I Singapore Branch: 6 Temasek Boulevard #25-04/05 1 Suntec Tower 4 Singapore *****6 |U BA F ■■■■■■■■■■■UlfiiAiliySHlllllUlfiiH CONSOLIDATED BALANCE SHEET I CONSOLIDATED PROFIT AND LOSS ACCOUNT as at December 31,2004 for the year
      3,462 words
    • 307 28 IN THE HIGH COURT OF THE REPUBLIC OF SINGAPORE Companies Winding Up No 221 of 2003/R In the Matter of the Companies Act. Cap 50 and In the Matter of D&Y Builders Pte Ltd (In Liquidation) Reg. No. *****2586N NOTICE OF MEETING OF CONTRIBUTORS Take notice that a meeting of
      307 words

  • BizIT
    • 716 29  -  Over half of 4,500 target will come from Asia-Pac, AMIT ROY CHOUDHURY reports AMIT ROY CHOUDHURY German software major SAP AG will embark on a major hiring spree in the region over the next 18 months. More than half of SAP's global target 0f4,500 hires
      716 words
    • 269 29 Reuters [NEW YORK] America Online (AOL) plans to begin testing a new service that lets wireless phone users search the Internet and link to regular Web pages that it will reformat for tiny cell-phone screens. The test of AOL Mobile Search Services is
      Reuters  -  269 words
    • 176 29  -  By AMIT ROY CHOUDHURY ORACLE, a major competitor to SAP, has said it is outperforming its competition in Asia Pacific. According to the company, it delivered "significant new applications licence revenue growth of 80 per cent" in the fourth quarter of fiscal
      176 words
    • 391 29  -  By ROLAND LIM USERS of pirated versions of Microsoft's Windows XP operating system now have one more bugbear to contend with they will not be able to get any more add-ons from Microsoft other than security-related updates. Microsoft this week made it mandatory for
      391 words
    • 640 29 New z9 line also makes data encryption easier NYT [NEW YORK] IBM introduced a new line of mainframe computer on Tuesday that is not only twice as powerful as its predecessor but also aims to make it easier for corporations to encrypt vast amounts of
      NYT  -  640 words
    • 358 29  -  By ROLAND LIM STORAGE leader EMC Corporation yesterday launched its flagship storage array the Symmetrix DMX-3, touted as the world's largest and fastest storage array capable of storing up to one petabyte (1,024 terabytes) of data. Currently capable of supporting up to 960 disk
      358 words
  • Page 29 Advertisements
    • 263 29 Microsoft makes it mandatory for Windows XP users to authenticate their copies. Internet Access fir IP Telephony from with the iptL.nei.SG hosted Cisco CaMManager solution, you can get started /jS^ with just one Cisco 7902 IP Phone and a Cisco 837 Pouter, and take it from there! (4HF)** Dynamic Access
      263 words

  • PROPERTY
    • 672 30 It teams up with Morgan Stanley to cash in on booming retail market NYT [SHANGHAI] The Simon Property Group, one of the biggest real estate and shopping mall developers in the United States, said Tuesday that it had formed a partnership with
      NYT; AP  -  672 words
    • 389 31  -  But opportunities beckon, with annual growth seen at up to 30% By ALEXANDRA HO THE Singapore-India Comprehensive Economic Cooperation Agreement (CECA) may have paved the way for property investments in India, but there are still pitfalls that investors should be wary of. These
      389 words
    • 281 31 [LONDON] Mortgage approvals for British home purchases continued to rise in June, data showed yesterday, in a sign that expectations for an interest rate cut are giving the country's property market a boost. The British Bankers Association said that approvals loans agreed but not
      281 words
    • 389 31  -  Domain 21 to be launched at an average of $650 psf By ARTHUR SIM COME this weekend, more people in Singapore will be able to consider riverfront living. Kheng Leong Co, veteran banker Wee Cho Yaw's private investment vehicle, will be launching the 141unit
      389 words
    • 1416 31 PROJECT NAME/ PROP CONTRACT TENURE BUIIJ-IN/IANO PRICE PSf STREET NAME TYPE DATE AR£A»(SQ FT) (SfOOO) (St) District 3 N0N4ANDH) Ctl Green Cdo Apt 20*06/2005 99 926 580 627 Peart Bank Apt Apt 08/07/2005 99 1755 420 239 District 4 NON-LAND©
      1,416 words
  • Page 30 Advertisements
    • 330 30 rv H THE RESIDENCE II Luxury one two bedroom villas < with private pools and gardens Near Bang Tao beach, Amanpuri, to Phuket Airport I; World-class Spa Beach Club 6% p.a. rental guarantee for first two year Price from US$2OO,OOO (after 10% *F° r the first purchases only. THE PARK
      330 words
    • 75 30 :::fl HHHHH |1 s^^Um I^SBhk hD jE rf ;i dunmanrd •LA 1108,329 sf 26,284 sf (SL) s MP: 2.8 GPR /100 m AMSL T^ 5 Potential for 320 units x 1,200 sf 9 30 <« c\^ I °«i KINSONRDX *>* o Offers unobstructed seaview X Z 0^ rrtfl 9 M
      75 words

  • Page 31 Advertisements
    • 34 31 AMBER ROAD DEVELOPMENT SITE FOR SALE BY PRIVATE TREATY Prime East Coast H* Amber Road Contact: Investment Properties Jeremy Laka/Galven Tan W Tel: 6224 8181 6 Battery Road *32-01 Singapore *****9 CB RICHARD ELLIS
      34 words

  • Page 32 Advertisements
    • 273 32 i.-i 4 T v' 1 |^-j' not ijiyfa/dls^y*oij^^i^^ BHHp Hnl ii Plff nESI .■■■l ■sH 2^l —■mi s, 5 Rfl [n is?^ HHBnßjwl ™ffir n v.JII^KIBk HHIHRn B| Look at the big picture, behold the future as it unfolds "**<£? Sr-jr l ttj 4; o < 9 *cLJw Set amidst
      273 words