The Business Times, 15 August 2005

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Total Pages: 30
1 30 The Business Times
  • 17 1 THE BUSINESS TIMES online at http://biisiness-times.asia 1 .com.sg MICA (P) 089/03/2005 SINGAPORE 85 cents Monday, August 15,2005
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  • 671 1  -  Republic draws US$6.6b in 2004 while Asia's emerging giant secures US$3.9b By CHUANG PECK MING [SINGAPORE] At a time when China is sucking up the lion's share of foreign direct investments (FDI), Singapore is still holding up well against the emerging giant when
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  • 135 1 MARKETS Week Chge STI .*****0 -35.67 KLSECOMP 937.04 -6.37 NIKKEI 225 *****.68 ....+495.20 HANG SENG *****.95 ....+399.63 SET INDEX 681.95. T -4.06 JAKARTA COMP ...1153.97.. -20.12 MANILA COMP ..2038.10 _....+62.50 TAIPEI TAIEX 6350.90 -95.11 SEOUL COMP 1130.22 +40.86 SHENZHEN B 238.89 +0.36 AUSTALLORD 4431.80 +98.70 DOWJONfS *****.31 +42.28
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  • 880 1  -  By NANDE KHIN [SINGAPORE] Speciallymade it/mc/ji-flavoured bak kwa or barbeque pork may have failed to impress Korean negotiators enough during talks for the KoreaSingapore Free Trade Agreement (KSFTA), but the persuasive skills of the Singapore side in the end succeeded
    FILE PHOTO  -  880 words
  • 141 1 Up to 75 per cent of domestic exports from Singapore to Korea valued at $3 billion will enjoy immediate tariff elimination. A further 14 per cent of domestic exports will enjoy tariff-free access to the Korean market over the next 10 years. Main products/industries
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  • Page 1 Advertisements
    • 130 1 ■9fc From Cinderella to ceo VIEWS FROM THE TOP ggg| foreign employment policy FIRST-HALF EARNINGS Profits of 7 property majors up 25% PG4 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
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    • 9 1 DIRTY MONEY Developing anti-money laundering culture in Asia PG2
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  • TOP STORIES
    • 612 2  -  WALL STREET INSIGHT Analysts, however, are nervous about the impending US$70 a barrel mark, which could well send bulls scattering By ANDREW MARKS in New York RESILIENCE in the face of bad news has become the mark of this summer's bull run. For more
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    • 633 2  -  By JOYCE KOH [SINGAPORE] Preventing money laundering can cost banks and financial institutions dear but the potential costs of failure can be devastating, not only to a bank, but to a country. The battle in Asia against dirty money is being stepped up, but many banks
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    • 345 2 v Property majors H1 net profit up 25% THE total first-half net earnings for seven Singapore property groups, including C*pitaLand, City" Developments and Keppel Land, is about 25 per cent higher than the same period last year. And analysts say this is set to improve further. COMPANY NEWS,
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  • Page 2 Advertisements
    • 350 2 Corporate Treasury Risk Management Date Corporate's can no longer excuse themselves from the imperative responsibility 15-16 September 2005 t0 mana 8 e their financial risks effectively just because they are "only in the 9 00am to 5 00pm business of making widgets (or whatever)". This workshop provides an integrated approach
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    • 236 2 §9 The Most Established ;jji ji'(Sfl[ UK MBA in Singapore I have benefitted tremendously from the only of essential management disciplines W/ku m but also specific disciplines like y 'Creative Problem Solving' that up to netbeen Dennis Lee WMtmmmm Executive Director jflHi Singapore Scout Association Hull University Business School The
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  • Page 3 Advertisements
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  • COMPANY NEWS
    • 948 4  -  Outlook set to improve with greater profitability seen in 2006, 2007 By KALPANA RASHIWALA THE total first-half net earnings for seven Singapore property groups is about 25 per cent higher than the same period last year, and this promising outlook can only
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    • 612 4  -  By VEN SREENIVASAN [SINGAPORE] The trend in generally-positive interim earnings continued this week with most of the 156 reporting companies unveiling good results. However, the growth numbers were not as robust as the previous week. As at last Friday evening, 278 listed companies had
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    • 657 4  -  HOCK LOCK SIEW By VEN SREENIVASAN THE late American comedi.an Rodney Dangerfield used to have a great punchline which went: "I don't get no respect..." The phrase would be a very apt refrain for mainboard-listed crane lessor Tat Hong Holdings. Set up almost three decades ago as
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    • 305 5  -  Payout follows sale of brokerage to CIMB; Q2 net jumps Reports by KALPANA RASHIWALA GK Goh Holdings, which substantially completed the sale of its core stockbroking business to Malaysian investment bank CIMB Bhd at end-June, is rewarding shareholders with a 20 cents
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    • 316 5 CORPORATE RESULTS BEAUTY China Holdings posted a one-third improvement in net earnings of HK$2O.5 million (554.3 million) for the second quarter while turnover increased 24.8 per cent to HK$62.B million, as it continued to roll out new retail outlets selling Colour Zone and
      FILE PHOTO  -  316 words
    • 100 5 As of 6.30pm Friday, 278 SGX-listed companies had released their financial results for the six months ended June 30, '05. They recorded a combined $12,089.6m in group profits, up 163% over the same period last year. The breakdown is as follows: No. with profits 241 No. with losses
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    • OTHER RESULTS
      • 94 5 Lindeteves-Jacoberg sees more red ink LINDETEVES-JACOBERG has sunk deeper into the red, with Q2 net loss ballooning to $23.7 million from $1.7 million. Sales slid 39.5 per cent to $63.3 million. The group said it continued to be hit by a shortage of funds for working capital. As a result,
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      • 57 5 SC Global Developments' Q2 net profit has shrunk to $470,000 from $6 million previously, due mainly to a 71 per cent drop in share of profit from Australian associate AV Jennings Homes. Net earnings for the first half ended June 30, 2005,
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      • 34 5 A-SONIC Aerospace's first-half net profit rose 8.8 per cent to US$3.1 million on the back of an 8.7 per cent increase in revenue to US$11.6 million.
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      • 102 5 JURONG Engineering swung into the red with a $3.2 million net loss for the first-half ended June 30, 2005, against a $1.5 million net profit a year ago. While turnover increased 39 per cent to $134.2 million, higher cost of sales,
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      • 93 5 KOH Brothers posted a $15.5 million net loss for the half-year ended June 30,2005, against a $1 million net profit in the same period last year. The loss was due chiefly to a $16.5 million exceptional item arising from the group's restructuring
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      • 47 5 MAINBOARD-LISTED Chinese pharmaceutical group AsiaPharm has reported a 43.8 per cent gain in Q2 net profit of 24.5 million yuan (Sss million). For the first half of the year, net profit is up some 47.9 per cent at 40 million yuan.
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      • 83 5 HOTEL Royal's group net profit for the first-half ended June 30 has doubled to $1.7 million from $880,000 a year ago. Revenue jumped 49 per cent to 10.9 million. The topline and bottomline improvements were due chiefly to contribution from Hotel Royal Queens
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  • Page 4 Advertisements
    • 102 4 BECOMING A BEST EMPLOYER Insights and Experiences of Best Employers Friday 26th August, 2005 190 Orchard Boulevard, Singapore *****6 What Makes the Best Best Key Insights Experiences Building a Leadership Culture Strategies Practices of The Best Leadership Impacting The Best Experience Sharing from The Best Employers People Practices Towards Sustaining
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    • 86 4 Residential Redevelopment Site in District 15 Pumpkin Garden Tembeling Road I "Z "Freehold -Site area: 1,700.8 sq m (18,307 sq ft) Resic ent a *Plot Ratio 1.4 ■■■■■■MMR' W Cowt "Height restriction up to 5 storeys C entry ft I (Katong) Within walking distance to Parkway Parade towyftw* f P^
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    • 16 4 A m t' I The Straits Times Recruit The first step oh your ladder to success
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  • Page 5 Advertisements
    • 49 5 rara |BKHSHhH Enjoy two luxurious nights at BMIBBPiHII the newly opened Conrad Tokyo gnyilHH| and your third night is free. Exclusively with all American Express* Cards. immmmmmmmmmmmmmmi BMiiiiiiiiiilliMmii w ■gggggg Hi Enjoy special offers and savings in key destinations worldwide. Don't forget, American Express Selects 5 travels with you.
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  • SINGAPORE MARKETS
    • 650 6  -  STOCKS TEH HOOI LING Senior Correspondent JUST in case some of us lose sight of how good the market has been in the last 2 Vz years, here's a recap. Between Jan 1, 2003 until last Friday, the Straits Times Index
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    • 72 6 GP Batteries's dividend payment, Aug 17 Sincere Watch's dividend payment, Aug 17 GP Ind's dividend payment, Aug 18 Thakral Corp's dividend payment, Aug 18King Wan's dividend payment, Aug 19 MTQ Corp's dividend payment, Aug 19 RSH Ltd's dividend payment, Aug 19 S'pore Shipping's dividend payment, Aug 19 Aspial
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    • 409 6 CURRENCIES AFP [HONG KONG] Major regional currencies strengthened against the dollar over the past week, led by an anticipated bolstering of Japan's economy and a weakened US dollar, analysts said. Japanese yen: The yen clawed its way up to a six-week high against the
      AFP  -  409 words
    • 1679 6 Consensus No.of Forecast Mean Fri's Consensus No.of Forecast Mean FrTf recommendation esti- EPS PE target price recommendation esti- EPS PE target price Company name This wk Last mth mates (cents) (ratio) price Company name TMswk Lastmth mates (cents) (ratio) price Allgreen Properties 2.50 2.70 10 6.92 18.06 1.28
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    • 1068 6 Payment Ex looks Pay Payment Ex looks Pay (eti) dm don data (tts) data dose data Airocean 5c b 0.30 05-Aug 11-Aug 01 Sep Man Wah Hldgs HK40c b 0.5TA 18-Aug 23-Aug 01-Sep Ascendasreit yy 2.84 2VJul 28 Jul 26-Aug Meghmani Rs0.15 f RsO.15 08 Aug 12-Aug 22
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    • 230 6 COMMODITIES: WEEKLY ROUNDUP [LONDON] Oil prices hit a record U5567.10 in New York and smashed through an historic US$66 in London last week on US refinery outages, while the world's appetite for energy showed no signs of abating. The Commodities Research Bureau's index of 17 commodities
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    • 1170 7  -  TEH HOOI LING Senior Correspondent THE profittaking momentum picked up last week, but not before the Straits Times Index climbed more than 10 per cent a year. Since January 2003, the Singapore market has climbed by some 60 per cent For the week, the Sll
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    • 1310 7  -  INSIDE MARKETS Heavy selling activity sends bearish signals, especially with sales recorded after fall in price, reports ROBERT HALILI ROBERT HALILI THE sharp rise in the market dince July resulted in heavy selling among directors and substantial shareholders last week. Sellers were very active last
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  • VIEWS FROM THE TOP
    • 4586 8 THIS WEEK'S TOPIC Does Singapore need to change its foreign employment policy? If so in what way? THE debate over the flow of labour can be an emotive one, and it is for this reason that Singapore's authorities must preserve a sense of balance. History tells us
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  • Page 8 Advertisements
    • 70 8 BT CEOs e-Club Members of the BT CEOs e-Club are Singapore's top corporate leaders whom BT editors would like to interact with in an atmosphere of informality and trust This 'dub' is a virtual one, with interaction mainly via e-mail. Each week, we will invite comments from these top executives
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  • DINING OUT
    • 1242 10  -  'See you in court' takes a whole new meaning, while Thomson Plaza's parking jams could only get worse, says JAIME EE JAIME EE Academy Bistro 1 Supreme Court Lane Tel: *****388/*****558 Open only for lunch (Mon-Thurs), Lunch and dinner (Fridays). Closed on weekends SUDDENLY, the phrase
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  • Page 10 Advertisements
    • 158 10 VYI \W PPPHMH 1/ WMMMd |tpß p rrrr^fr j Diners Club Card To "p?'* ca,t64l6 °980 H\«l Bu' A World of Exclusive Privileges Treats Diners Cluh ■|BUalSßilßillla3Billlißlilßia9lllHßlillllM nHD international• m0r. k It/ f' ty/"" V" K A h 1 I M V I IWllMsW. irV.\i-V.'S4<U |,i .MM*'!, I«. hmail jatii.
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    • 52 10 MERITUS MANDARIN SINGAPORE BE SPOILT FOR CHOICE With our delectable selection of local delights and western favourites served all round the clock. Enquiries: 6831 6291 ggg 111 «<••» MERITUS MANDARIN A division of Overseas Union Enterprise Limited (Company Registration N0.*****0050E) 333 Orchard Road, Singapore *****7. Tel: +65 6737 4411. Fax:
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  • SINGAPORE NEWS
    • 765 11  -  Its three new oil terminals there will start up over the next two years By RONNIE LIM TITAN Petrochemicals already China's largest VLCC (very large crude carrier) owner will be an integrated oil supplier to China, once its three new oil terminals there
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    • 301 11 DATE/ TIME EVENT VENUE 15-16 Aug Asia Pacific Cross Border Raffles Place 8.00am Transactions Convention Centre 15-16 Aug International Conference York Hotel, Carlton 8.30am on China Under Hu Jiantao: Hall, Level 2 Policy Initiatives and Challenges 15-16 Aug Lloyd's Register Asia Furama RiverFront 9.00am Course on Dynamic Positioning
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    • 448 11 Oil-rich nations keen to invest, SM Goh points out HIGH oil prices have made many Middle Eastern countries rich and this has created opportunities for Singapore businesses there, said Senior Minister Goh Chok Tong. "They have a lot of money to invest, both in
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  • Page 11 Advertisements
    • 352 11 Singapore Indian Chamber of Commerce Industry Wishes Singapore a 'Very Happy 40 th National Day'! Organized By Main Sponsor SINGAPORE INDIAN CHAMBER W I OF COMMERCE (IfL/LILI -S2-. INDUSTRY SICCI DBS Singapore Indian Entrepreneur Awards 2005 The Indian Business community in Singapore has always taken great pride of its entrepreneurial
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  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • 624 12  -  Analyst reports are excellent sources of information. But they may be loaded with pitfalls that investors can avoid, says CHLOE CHOY CHLOE CHOY IN the way that diamonds are said to be a girl's best friend, analyst reports can be an investor's best companion
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    • 601 12  -  CAMPUS LIFE NUS students argue the need for such bodies in affluent Singapore, UMA SHANKARI reports UMA SHANKARI IT IS possible to marry positive social change with a profitable and sustainable business model, say the organisers of Social Entrepreneurship Forum 2005. The forum, held on Saturday, hoped
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  • Page 12 Advertisements
    • 251 12 Be smart with your finances FANCY becoming the next Warren Buffett or George Soros? Or even the famous Robert Kiyosaki? Then read on. The Young Investors' Forum, part of the BT-Citibank Tertiary Outreach Programme, isn't another dry page out of your financial textbook. To complement our editorial content, we have
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  • ECONOMY WATCH
    • 565 13 Anxiety about Iraq war, oil prices, Social Security AP [WASHINGTON] The war in Iraq and the soaring price of gasoline are drowning out a succession of positive reports on the US economy, putting President George W Bush on the defensive at a time when
      AP; AFP  -  565 words
    • 481 13 Country reviewing pricing policy; may raise household fuel prices soon Bloomberg Reuters [JAKARTA] The Indonesian government is reviewing its pricing policies, such as those on fuel, because foreign reserves have dropped to an "alarming level". Finance Minister Jusuf Anwar said on Friday. "Our foreign
      Bloomberg; Reuters  -  481 words
    • 434 13 Reuters [WASHINGTON] The White House's refusal to consider government caps on greenhouse gas emissions may save the US economy shortterm pain, but experts warn unchecked global heat could exact a heavy long-run toll. "While there are costs associated with reducing emissions,
      Reuters  -  434 words
    • 147 13 AFP Bloomberg [BEIJING] Foreign currency deposits fell last month as a decoupling of the yuan from the US dollar made it less attractive to hold the greenback, state media reported last Saturday. Foreign currency deposits held by individuals and enterprises stood at U*****.5 billion at
      AFP; Bloomberg  -  147 words
  • Page 13 Advertisements

  • MALAYSIA/INDONESIA
    • 637 14 Productivity, consumer spending, tourism likely to take hit AFP Reuters Bernama [KUALA LUMPUR] Thick haze that has enveloped parts of Malaysia, including the capital and its biggest port, poses a threat to the slowing economy if the crisis persists, analysts warn. On
      AFP; Reuters; Bernama; AP  -  637 words
    • 474 14 Ms Rafidah's gag order break draws backbencher flak [KUALA LUMPUR] The controversy surrounding Malaysia's auto import permits issue has taken a fresh turn, with Trade Minister Rafidah Aziz breaking a government gag order not to speak to the media about Malaysia's auto
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    • 534 14  -  MALAYSIA INSIGHT Institutional mechanisms must be in place to stop dithering in time of crisis S JAYASANKARAN KL Correspondent A MALAYSIAN executive who works in the Standards and Industrial Institute of Malaysia in Shah Alam, between Kuala Lumpur and the western port
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    • 189 14 [KUAIA LUMPUR] Berjaya Sports' new initiative to launch I Perm, a betting game, may enable BToto to dethrone Magnum Corp Bhd, which controls about 38 per cent of the number forecast operations market, analysts say. BToto is currently a close second with
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  • Page 14 Advertisements
    • 503 14 Notices IN THE MATTER OF THE COMPANIES ACT CAP 50 AND IN THE MATTER OF (1) EASTORIA PTE LTD (Co. Reg. No. 19MV7482N) (2) ORCHARD PACIFIC PTE LTD (Co. Reg. No. W*****3H) (3) TIMES SQUARE INVESTMENT PT*I7 I 'I'll (Co. Reg. No. 19SM3M3Z) NOTICE OF RESOLUTIONS FOR MEMBERS' VOLUNTARY WINDING-UP
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    • 665 14 IN THE MATTER Of THE COMPANIES ACT, CAP 50 PURSUANT TO SECTION 290(2)(b) and IN THE MATTER OF AGE D'OR TECHNICAL SERVICES PTE LTD (Company No: *****3596G In Members' Voluntary Winding Up) The following Special Resolutions were pasted by written means by shareholders on 12th August 2005:(1) Resolved that the
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    • 559 14 LOST SHARE CERTIFICATES NOTICE IS HEREBY GIVEN that the undermentioned original share certificates have been reported lost or destroyed Name of Certificate No. of Shareholder Not. Share* Jardine Cycle Carriage Limited Ong York Joo *****995 1 x 333 Ong York Joo *****265 1 x 83 Ong York Joo *****230 1
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    • 373 14 NOTICE TO CREDITORS AND CONTRIRUTORIES OF INTENTION TO APPLY FOR RELEASE (I) PANORAMA DEVELOPMENT PTE LTD COMPANY REGISTRATION NO. *****0214R COMPANIES WINDING UP NO. 279 OF 1999 (II) QUANTUM MAE ENGINEERING SERVICES PTE LTD COMPANY REGISTRATION NO. *****0535 M COMPANIES WINDING UP NO. 258 OF 2000 Take notice that I,
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    • 622 14 IN THE MATTER OF THE COMPARES ACT, (Cap. 50,1994 Ed) And In The Matter Of MENG FATT FABRICATORS PTE LTD (IN LIQUIDATION) (Company Registration No.: 19M*****W) WINDING UP NO. *****3 OF 2001 NOTICE OF CREDITORS' MEETING NOTICE IS HEREBY GIVEN that a meeting of the creditors of the abovenamed Company
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  • GREATER CHINA
    • 771 15 Bank of China's HK head gets suspended death sentence NYT Bloomberg [HONG KONG] Bank of China, China's second-biggest lender, said it supported jail terms meted out to former executives of its Hong Kong unit for graft, including a suspended death sentence for the ex-president
      NYT; Bloomberg; AP  -  771 words
    • 231 15 Debt-ridden Moulin faces winding up after collapse Reuters [HONG KONG] Debt-ridden Hong Kong eyewear maker Moulin Global Eyecare Holdings has sold its core China business for HK$lOO million (5521.2 million), a local newspaper reported on Saturday. The South China Morning Post said the
      Reuters  -  231 words
    • 120 15 Reuters [HONG KONG] PCCW yesterday said it had received confirmation from the city's financial watchdog that its chairman, Richard Li, was not being investigated for insider trading in the company's shares ahead of the acquisition of Sunday Communications. "The SFC (Securities and Futures
      Reuters  -  120 words
    • 194 15 AFP [HONG KONG] A Chinese official yesterday rejected calls to free a Hong Kong journalist charged with spying for Taiwan despite continuing demands for his release. Wang Rudeng, an assistant director of Beijing's representative office here, said China would not release
      AFP  -  194 words
  • Page 15 Advertisements
    • 95 15 Mm #«m 4 Deloitte. POWER-GEN lJi/i «y EXHIBITION CONFERENCE CAJIQ 13 -15 September 2005 "POUICA-GCN ftsio k«v lo success 288 Attending POU)€R-G€N Asia is a key step to sMiewUntle re-invigorated Asian seraya pouier industry. This high level exhibition and cOA^P4|ft iiiill alloui you as an exhibitor, delegate or visitor to
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  • INDIA
    • 526 16 State-owned company believed to have partnered Lakshmi Mittal [DEHRADUN, India] Aug 14 India's state-run Oil and Natural Gas Corp Ltd has launched a bid to acquire PetroKazakhstan, a Canadian firm with operations in Central Asia. "They have submitted a bid," a senior oil ministry
      AFP  -  526 words
    • 282 16 Times of India [BHATINDA, India] Stateowned Hindustan Petroleum Corporation (HPCL) is in talks with four global oil companies for partnering the 120 billion-rupee (554.5 billion) greenfield refinery being set up in Punjab's Bhatinda district. "We are looking for an equal partner for
      Times of India  -  282 words
    • 314 16 Reuters [NEW DELHI] India's plan to offer 100 days of employment a year to every rural household may cost the government nearly US$6 billion a year, the Rural Development Minister said on Friday. The plan has drawn fire from economists who
      Reuters  -  314 words
    • 240 16 Reuters [NEW DELHI] India's passenger car sales dropped more than 10 per cent in July, down for a second straight month, as demand suffered because of heavy floods in two big markets, rising costs due to stricter emission norms and higher taxes. The
      Reuters  -  240 words
  • Page 16 Advertisements
    • 202 16 Seminar on Ail I Business Opportunities in IVldldySld I M A fuiitUay fn i mfAe i Keynote Address by the Honourable Dato'Seri Rafidah Aziz, Look no further to invest Minister of International Trade and Industry A thriving business environment thats driven by a market-oriented Leading a Business Delegation exploring investment
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  • ASIA-PACIFIC/WORLD
    • 359 17 AFP [WELLINGTON] Former New Zealand Prime Minister David Lange, who led the country through a tumultuous period when it split with the United States over nuclear policy and battled France over the sinking of the Greenpeace ship Rainbow Warrior, has died
      AFP; REUTERS  -  359 words
    • 600 17 IPOs in general may not be as good an investment as many investors believe AP [NEW YORK] If you weren't able to buy shares of the summer's hottest initial public offering, Baidu.Com, fear not. History shows investors may be
      AP  -  600 words
    • 421 17 AFP [WASHINGTON] Every scrape and bang in a US refinery is jolting world oil markets as the price of a barrel of crude shoots up towards US$7O and more. While Middle East tensions and huge demand from China and India are
      AFP  -  421 words
    • 230 17 Reuters [LONDON] Deutsche Telekom and Dutch telecoms group KPN have called off a planned £14 billion (Ss42 billion) combined bid for British mobile phone operator 02, the Sunday Times newspaper reported. Sources told the paper a joint offer of about
      Reuters  -  230 words
    • 480 18 But analysts see Euronext bid to win heated battle for London exchange Reuters [LONDON] The London Stock Exchange, which is already the subject of bids from Deutsche Boerse and Euronext worth about £1.4 billion (554.2 billion), is reportedly being circled by two other
      Reuters  -  480 words
    • 445 18 [LONDON] The European Commission (EC) wants to limit the number of Premier League football matches shown by BSkyß so that other broadcasters can finally get a slice of the lucrative pay-TV soccer market, the Observer reported yesterday. Sky, headed by
      AP  -  445 words
    • 3171 18 Transaction date: Aug 12 For a full listing of the closing prices, log on to BT Online at http://business-times.asia 1 .com.sg after 11.30pm every trading day HONGKONG w gffigfcrrS 2 Esprit Holdings 62.15 2.90 5863 f2 S 007 S3 2MO o Angang New Steel H 4.33 -0.03 *****
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    • 258 18 AFP [PARIS] A Saudi prince and Dubai's royal family have set their sights on buying two of France's most famous luxury hotels after a US investment fund took over their owner, a French newspaper reported last Saturday. Saudi Prince Waleed and Jumeirah International,
      AFP  -  258 words
    • 443 18 AFP Reuters [BERLIN] Commerzbank, the third-biggest listed bank in Germany, said its chief executive Klaus-Peter Mueller is being investigated for suspected involvement in a vast Russian money-laundering case, along with other present and former staff. A statement by the bank, confirming a report to appear
      AFP; Reuters  -  443 words
    • 498 18 AP Reuters [TEHERAN] Iran's new president nominated a Cabinet yesterday that featured hard-liners in key ministries and is likely to lead to more confrontation in the country's dispute with the West over its nuclear programme. Not one of the 21 ministers that President Mahmoud
      AP; Reuters  -  498 words
  • Page 17 Advertisements
    • 1597 17 call 101 l tree 1800 289 8822 /Email: notke»»gph.com.»g FREIGHT LINKS EXPRESS HOLDINGS LIMITED Company Registration No. *****0061G (Incorporated in the Republic of Singapore) Notice Of Annual General Meeting NOTICE IS HEREBY GIVEN that the Annual General Meeting of Freight Links Express Holdings Limited will be held at 51 Penjuru
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    • 12 17 The Straits Times Recruit The first step on your ladder to success
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    • 307 17 €I ft v m -1" M m Hk SBM V]Hf jm Ti X'fP* BtoeM V f mm m I V. f HHj|| jr 4 Q: Is being born into wealth a burden? A: It doesn't have to be. But it does come with its own set of complexities. Parents grapple
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  • AVIATION
    • 696 19 Prices raised US$5 each way on most routes to cover higher fuel charges Bloomberg [DALLAS] American Airlines, the world's largest carrier, and Northwest Airlines Corp have raised US fares to help cope with record jet-fuel prices, following competitors such as Delta Air Lines
      Bloomberg  -  696 words
    • 229 19 Reuters [NEW YORK] Delta Air Lines has begun arranging the financing it would need should it seek bankruptcy protection, The New York Times reported on Saturday. Citing "people with direct knowledge of Delta's actions", it reported that Wall Street analysts, industry executives
      Reuters  -  229 words
    • 353 19 Reuters [GRAMMATIKO, Greece] A Cypriot airliner carrying 121 people slammed into a mountainous area north of Athens yesterday after apparently suffering a loss of cabin pressure or oxygen minutes before it was due to land. "The pilot has turned blue," a passenger
      Reuters; AFP  -  353 words
    • 272 19 Reuters [WASHINGTON] The US government agency responsible for airport security is considering changing the security checks faced by airline passengers, the Washington Post reported on Satin-day. The newspaper said Edmund Hawley, the new head of the Transportation Security Administration (TSA), wants to find ways
      Reuters  -  272 words
    • 319 19 Bloomberg AFP [LONDON! British Airways said most of its flights will operate at London's Heathrow airport yesterday and all the passengers stranded after two days of strikes are booked on flights. About 80 per cent of long-distance and 85 per cent of short-haul
      Bloomberg; AFP  -  319 words
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  • Page 19 Miscellaneous
    • 220 19 CRYPTIC CROSSWORD ing exam candidates (11) jfll HV Hh jjflf ■Bj^ 9 I object to an average standard HW ducing high market share (4,3) 30 violinist may be seen performing illegally (2,3,6) 12 But a blunt question may incur YESTERDAY'S SOLUTION DOWN it (5,6) Across: 1 Standpipe, 9Troppo, 10 2
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  • SHIPPING
    • 554 20 Work has begun despite Sri Lankan opposition, project set to lower freight rates AP [NEW DELHI] After more than a century on the drawing board, the ambitious Sethusamudram Shipping Canal project, billed as India's Suez, looks set to become reality. The US$55O-million channel will
      AP  -  554 words
    • 227 20 Bloomberg [OSLO] Sea Drill Ltd, an oilrig owner controlled by Norwegian billionaire John Fredriksen, says it has ordered a second semi-sub-mersible drilling rig worth US$39O million from Jurong Shipyard in Singapore to take advantage of increasing exploration for oil and gas. The
      Bloomberg  -  227 words
    • 220 20 Bloomberg [OSLO] Aker Yards, Europe's largest shipbuilder, said second-quarter net income jumped 90 per cent as rising demand for vessels boosted sales and orders. Net income surged to 152 million kroner (Ss39 million) or 7.37 kroner a share, the company said Friday. Analysts had
      Bloomberg  -  220 words
    • 460 20 Faster completion and higher prices yield increase Bloomberg [SEOUL] Hyundai Heavy Industries Co, the world's largest shipbuilder, has reported an unexpected sec-ond-quarter profit as it completed orders of cheaper vessels earlier than scheduled and received payments for pricier ships. Net income fell
      Bloomberg; BLOOMBERG  -  460 words
    • 646 20 Reuters [MAPUTO] Mozambique's rapidly expanding main port has ambitious plans to grab a bigger share of neighbouring South Africa's trade despite poor rail links, border delays and neglect suffered during a long civil war. Maputo lies closer to South Africa's commercial
      Reuters  -  646 words
    • 605 20 STRAITS TIMES INDEX STOCKS Stock nxrw MR CtaM Change Stock nam* Ml Oom Chen* Stock name m Om Chang* Allgreen SOc 0.31 1.260 +0,010 Maw Par Corp 042 5.100 SPH20C 4.68 4480 0060 Ascendasrert 110 2.380 *0.030 HyfluxSc 0 49 3 200 +0140 STEngglOc 1.74 2 sac *0020 BIL tntl
      605 words
    • 357 20 Bloomberg [LONDON] The cost of shipping commodities such as iron ore and coal continued rising last week after reaching a 30-month low the week before, because of a reduction in the number of ships available for hire this month. The
      Bloomberg  -  357 words

  • 11577 21 SGX MA1NB0ARD 52-Wk Td Last Vol WMk List Quote GrOtv Dry GrVW Met MCap JSSt. Low Code Company Sale *1- COOP) High Low 8uye> Seller Cvr PIt SmM 10 3 5716 1st Software 5c 3 unch 4820 3.5 3 3 3.5 12.1 30 10.5 3148 8Telecom US2c 11
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  • 6467 22 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES in local cmr In SS In *JM %dy %yr dy *yr <Jy Hyr *■"9» lnd«» Change ttgjt Ow>9« Ov»np« Chang* Chang* «crainde« Preliminary 907.6 -05 65 OJ 4.4 -0.4 3 2 1 tAH (luminary 8634 -0i2 tlj ftl 54 -&1 43 Eirspe Preliminary
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  • Page 23 Advertisements
    • 1405 23 NYK GROUP SOUTH ASIA PTE LTD \r '_A Aflm rw* TEL 6295 0123 \r XV Jl JkuNE t&gc? M 3 II LINE Fax: 6292 2856(Regionalsales)/*****109(0P5)/6299 5785 (Documentation) NIPPON YUSEN KAISHA TOKYO CD»AKU KASHA. UD (C/R NO: **********06) naWOK IfJJL) n» M Main Una: *65 6536-2750 CT* 137******000 ft" a f»
      1,405 words
    • 822 23 IINTERASIA RORO SERVKE VBSH./VOY tAMfgT) HBGWHW) KG KH KB I SW JW STUUSVENTUKEI7/05 IS 3.2 I l/OI 21/01 25/06 28/08 30/01 STtAITS VENTURE IS/OS 15 3.2 01/04 04/04 00/04 11/04 13/04 |smiTSVEim«E 14/05 1 5 3.2 15/04 11/04 22/04 25/04 27/04 I AUSTRALIAN RORO SERVICE 1 vKsa/voT [Mwrqn)|tßCHW| toiswinT wi
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  • Page 24 Advertisements
    • 1201 24 www.homburflsud.tom H MIS! SHYKI (KPOW) ETA m rnwon msum stwkt renoutwt A«uuot smwow wismit stwkt mnowtm mum CAITUW HE O*2S 19/00 W/W 31/01 03/09 04/09 Ol TIM HE QMS H/09 2VW H/W 01/10 IK/10 C*f KBW6A 514S 24/00 05/W 07/09 lfl/W 13/09 OfIBIWSIS 2V09 03/10 05/10 OVIO 11/10 OQ. XIAMBI
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    • 1309 24 VESSEL YOY SIM JKT HKG KHH |WK KYH PUS VESSEL VOY SIN JKT SU» HKG USN PUS HT VLADIVOSTOK li3S 18/8 20/8 25/8 27/8 29/1 31/1 31/1 KMTC JAKARTA SIIS 14/1 17/8 18/8 23/8 27/8 28/8 HYPtOGRESS 100S 25/8 27/8 1/9 V 9 5/9 7/9 7/» KMTCULSAH 51 tS 21/1
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    • 887 24 aaus&r WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICD POINTS YtSSQ VOT SIM P.KLANG COLOMRO N.SWVA COtOMIO RAJIV GAWDHI 0095W 08 AUG 10 AUG 13 AUG 16 AUG 19 AUG BHQHBI YPMO7I IS AUG 17 AUG 20 AUG 13 AUG 26 AUG aamfl OOOW 7? AUG
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  • Page 25 Advertisements
    • 964 25 lAlijl# WALLENIUS WILHELMSEN website: http://www.2wglobol.com VKSfI VOT RAMP HBGHT SIN UC ~MAO~ HOW ~iu SAV Mi W NTC »KW 108 TOBA AFS2I 4001 MS 6.30 M 17/08 10/09 19/09 23/09 29/09 27/09 TAMPA AF522 420Toas 6.4 M 24/08 20/09 29/09 03/10 06/10 M/ 10 TAPKXA ALSI9 400Tcs 6.3 M 05/09
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    • 1566 25 vissa voy sm pgu vtssa w sm jkt PACBANDA 1533N 12/ M 12/01 PAC OMTAM Mil 13/08 16/01 PACBANDA IS34N 13/00 14/08 PACIAU 4179 17/08 20/08 CSf 2301 o]s?P 13/08 15/00 PAC OMTAM Mil 20/04 23/04 ncuMDA 1535* 14/00 is/op 2301 5165P 15/08 17/00 lllirfllf PACBANDA 1536N 16/08 16/08 *£1
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      745 words

  • THE BUSINESS TIMES SHIPPING TIMES
    • 7925 26 ETA ETA **m+m V~~l Voyy T.I»fcom SIN Ocsfn M< Kmc Number Number SIN D«t'n Name Nan* Number mrnbtf To AUCKLAND (AKL) 2031 New Zealand To ABIDJAN (ABJ) 2003 Cote D'lvoire 2 3AM 11/09 TASMAN TASMAN TRADER *****3 *****288 26/06 09/10 CMACGM CMA CGM K0M000
      7,925 words
  • Page 26 Advertisements
    • 514 26 Guaranteed Sailing! I Service from Singapore to: I Los Angeles Keelung I 14 days transit. Mon A Thurs cut-off I HUB MARINE PTE LTD BOOKING: *****375/710 MAINLINE: *****866 FAX: *****066 OPR CODE "DZ" CR NO **********0Z MARKETING SALES: KELVIN CHUA: *****535, MEUNA LEE: *****187 WKiAWO -Sfatt rMOOHstm mM-niamn-mu YESSa VOYAGE
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    • 613 26 FREIGHT LINKS EXPRESS PTE LTD jßr 1 51 Penjuru Rood, 3rd Level, Freight Links Express Logisticentre, Singapore *****3 Tel: *****511 Fax: *****577 JMM i T f— E-mail: flesin@singnet.com.sg Website:http://www.freightlinks.net HB|fwßF r A. I J ATTRACTIVE RATES TO: 'J. ALEXANDRIA GENOA KEELUNG KAOHSIUNG LE HAVRE MALTA MAHE MARSEILLE iftfSlfi CEBU DALIAN
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    • 351 26 ■mVVPII TIGER SKY 309N 16 17/08 23 25/08 30-31/08 I ■iUSUiSUI TIGER WAVE 310N 20 21/08 26 28/08 03-04/09 I TIGER PEARI 31 IN 23-24/08 30-01/09 06-07/09 ■■■■■TIGERSEA 312N 27 28/08 02-04/09 10-11/09 TIGER SKY 313H 30-31/08 06-08/09 13-14/09 320 1718/08 25-77/08 04-04/09 i MfMIRWTIGER SPIRIT 107 19-20/08 26-28/08 06-07/09
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  • BizIT
    • 556 28  -  BT exclusive Telcos and banks driving demand, CEO of CRM solutions leader tells RAJU CHELLAM RAJU CHELLAM THE world's leading provider of CRM (customer relationship management) solutions, Siebel Systems Inc, is betting on Asia to be its engine of growth and wants the Asia-Pa-cific (including
      CHRIS LOH  -  556 words
    • 284 28  -  By RAJU CHELLAM AFTER three years of near-stag-nation, the global market for CRM (customer relationship management) applications recovered last year and is set to continue its growth phase this year, at least in the mature and developed markets such as Singapore, South Korea, Japan,
      284 words
    • 180 28  -  By CHLOE CHOY WITH digital camera and music playing capabilities, Sony Ericsson's two latest mobile phones, the WBooi and the Wssoi, are sure to set some hearts racing. The triple-band Sony Ericsson WBooi, launched last week, weighs only 99 grams but incorporates Sony's Walkman mobile
      180 words
    • 579 29  -  Business as usual at disaster recovery centre, software development hub Reports by AMIT ROY CHOUDHURY SINGAPORE will remain the Asia Pacific hub and a key development centre for India's largest applications software company, i-flex solutions, even after it becomes majority-owned by software
      579 words
    • 374 29 ACCORDING to Oracle CEO, Larry Ellison, i-flex is the hottest software company in the banking industry, signing more new customers than any other banking software company in each of the last three years. Responding to e-mail questions from BizlT, Mr Ellison
      374 words
    • 304 29  -  By AMIT ROY CHOUDHURY MAINBOARD-LISTED Datacraft has unveiled a significantly enhanced version of its Digital Video Security Surveillance (DVSS) product that can detect unusual behaviour in video feeds and alert security personnel automatically. This "actionable intelligence" can be delivered to PCs, laptops, PDAs and wireless devices.
      304 words
    • 286 29  -  By CHLOE CHOY APPLE Singapore last week met the press to showcase products that have been making waves among the computer enthusiasts. The line-up included the much talked-about Mighty Mouse. Long hesitant about launching a scrollbutton mouse, Apple has come up with a rodent
      286 words
    • 687 29 Reuters [NEW YORK] Cable and satellite television providers are looking into how they can extend their TV content onto mobile phones, using wireless as the next frontier to improve services and fend off telephone company rivals. The two largest US cable operators, Comcast
      Reuters; REUTERS  -  687 words
    • <what's up>
      • 57 29 IBM Singapore and Ingram Micro have opened the IBM/Ingram Micro Integrated Solutions Centre, which offers real time solutions for small and medium enterprises. The centre in which IBM has invested $500,000 provides IBM's clients, partners and independent solution vendors with a facility to develop
        57 words
      • 89 29 COMPLIANCY management solutions provider Patch Link Corporation and Advanced Network Technology Laboratories (ANTlabs), a network security solutions researcher, have announced a fully integrated solution which ensures customers a more secure network access environment. With this joint agreement, Patch Link Update and the associated Patch
        89 words
      • 55 29 IDC will hold its "Asia/Pacific Smart Sourcing Conference" on Sept 8 at The Ritz-Carlton, Millenia Singapore. The event will examine issues such as technological enablement, measures to determine the most effective decision-making process for outsourcing and successful outsourcing partnerships. For details, visit: www.idc.com.sg,
        55 words
      • 56 29 MCAFEE Inc has introduced the McAfee Entercept host intrusion prevention solution with new features to control the use of USB storage devices, thus helping organisations to prevent the spread of malware and internal data theft. McAfee Entercept is available through McAfee's corporate resellers. Prices vary.
        56 words
      • 74 29 HP HAS launched its latest business notebook, the HP Compaq nx 6125 Notebook PC, which is equipped with AMDTurion 64 mobile technology. According to HP, the notebook addresses the mobility needs of the fast-growing small and medium-sized enterprises (SMEs)in the Asia-Pacific. Pricing starts from
        74 words
      • 53 29 KONICA Minolta has launched the DiMAGE XI, a compact digital camera with an 8 megapixel resolution. Weighing about 135 g, the DiMAGE XI comes equipped with 3x optical zoom and Anti-Shake technology. It retails at $749 and is available in black and silver at all-authorised
        53 words
      • 49 29 LEGAL news and business information services provider LexisNexis has introduced the LexisNexis Concierge service, which enables small and medium enterprises (SMEs) in Singapore to access the business and legal information they need. The service is available from $599 a year. For details, visit: www.lexisnexis concierge.com.
        49 words
      • 81 29 EMC Corporation last week launched four new models of its EMC CLARiiON Disk Library (CDL) a simple-to-deploy, easy-to-use disk-based backup and recovery solution. The new models DL3fO, DL7IO, DL72O and DL74O deliver up to twice the performance and capacity of the previous models. The CDLs are
        81 words
      • 56 29  -  Compiled by Chloe Choy YAHOO! has unveiled the latest version of its Yahoo! Messenger service worldwide, renaming it Yahoo! Messenger with Voice. The service is equipped with high-quality voice calling capabilities, allowing users to make free PC-to-PC calls to friends and family globally. For more
        56 words
    • BizIT FOCUS: CEO'S NOTEBOOK
      • 1324 30  -  The newly-appointed chief executive of NCS tells RAJU CHELLAM how the early years of hardship gave her moral courage and fortitude RAJU CHELLAM ONCE upon a time, in a land not very far away, there lived a little girl and her mother. They were so poor
        ARTHUR LEE  -  1,324 words
      • 402 30 SECURITY breaches can occur in the most unlikely scenario, and be carried out by individuals who appear to be innocuous and even unconnected to the day-to-day business of the organisation. "This can be seen in movies on espionage, or even in the well-known Bruce Lee gongfu
        402 words
  • Page 28 Advertisements
    • 146 28 Last year, global CRM application revenues reached USsB.Bb. fIL a ,jm THE RESILIENT INFRASTRUCTURE: A GUIDE FOR THE FEARLESS. .4 ~&lt;+ For today's enterprise, the only constant is change. Keeping up with change is the ultimate challenge for a business faced with an endless series of paradoxes: WBMSMKM making" information
      146 words


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    • 372 30 This series is brought to ydu by: HP recommends Microsoft® Windows® XP Professional. TAMPER-PROOF. HACK-PROOF. FOOL-PROOF. WL TECHNOLOGY Get the ultimate in mobile security today with the HP Compaq nc6230 Notebook PC, powered by Intel® Centrino™ Mobile Technology. This high-performance notebook gives you exactly what you need in a secure
      372 words