The Business Times, 18 August 2005

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Total Pages: 32
1 32 The Business Times
  • 13 1 THE BUSINESS TIMES MICA (P) 089/03/2005 Thursday, August 18,2005 SIN^AP6AU»tgfm online at http://business-times.asial.com.sg
    13 words
  • 537 1  -  By CHUANG PECK MING [SINGAPORE] It looks like the economy is on track for a better second half. Non-oil domestic exports (NODX) got off to a good start in the third quarter, with a seasonally adjusted 12 per cent jump in July
    Source: IE S'pore  -  537 words
  • 135 1 STI 2,280.23 (-25.07) ST INDEX FUTURES 2,274.00 (-24.00) siMsa 271.12 (-2.63) SIMSa FUTURES 271.20 (-2.70) MARKETS Wednesday Change KLSE COMP 926.38 -0.11 NIKKEI 225 12.273.12 -42.55 HANG SENG 15.449.58 +5.96 SET INDEX 667.49 >031 JAKARTA COMP dostd MANILA COMP 1.985.10 -8.48 SEOULCOMP 1,113.25 -3.68 SHENZHEN B 236.50 40.15
    135 words
  • 981 1  -  Its venture with Telekom Malaysia paying $260.8 m for 12% of M1, taking stake to 17.7% By SIOW LI SEN [SINGAPORE] Relations with Malaysia just took a fresh glow yesterday, with state investment vehicle Khazanah Nasional making its first equity investment
    ARTHUR LEE  -  981 words
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  • TOP STORIES
    • 577 2  -  declared President-elect yesterday, he'll be sworn in on Sept 1 By CHEN HUIFEN SINGAPORE] There were "bo surprises yesterday ♦When President SR Nathan was returned to office as •Singapore's head of state 'for a second six-year term. -I "I'm very humbled and for
      MOHD ISHAK/TNP  -  577 words
    • 668 2 At least four M'sian bosses earned above RMI Om AN annual survey by a business magazine on Malaysia's highest paid directors revealed that more multi-millionaires emerged in 2004 than in 2003. At least four companies paid their top guns more than RMIO million each. TOP STORIES, PG 4
      668 words
    • 377 4  -  Pre-trial conference for former asst GM Ng Teck Boon adjourned to Sept 5 By JOYCE KOH [SINGAPORE] Four men charged with having accepted bribes from Citiraya Industries' former chief executive Ng Teck Lee will plead guilty on some counts, their lawyers
      377 words
    • 595 4  -  By S JAYASANKARAN in Kuala Lumpur THERE were more multi-millionaires on Malaysian company boards last year than in 2003, a survey of the country's highest-paid directors has found. According to the annual survey by the magazine Malaysian Business. at
      Source: Bloomberg  -  595 words
  • Page 2 Advertisements
    • 212 2 ■■■niHnKi&MHBy. t y ffFi'TTHWHraii IWII wm SINGAPORE > 4lfc INDIAN CHAMBER 1 V A V OF COMMERCE 1 k3^Vk3 s 0 INDUSTRY Institute of South Asian Studies THE SECOND 'SICCI-ISAS GLOBAL BUSINESS LEADERS' LECTURE BY H.E. MR BUDDHADEB BHATTACHARYA, CHIEF MINISTER, STATE OF WEST BENGAL, INDIA c s"he SICCI-ISAS Global
      212 words
    • 63 2 To buy, find and sell the latest range of products and services, check out The Straits Times Classified. CAxl Buy It S*H It Find It C RimOWA THE LUGGAGE WITH THE GROOVES Made in Germany Rimowa Boutique 402 Orchard Road, #01-05, Delfi Orchard, Singapore *****6 Also at: Metro Department Store
      63 words

  • Page 3 Advertisements
    • 189 3 Now till 21 August only! Get another massage chair when you buy the OSIM iDesire! Meet international celebrity Zhans Fei on 20 August at In appreciation of your support over the last 25 complimentary Noro Harmony massage chair when 85 6 m years and for helping us achieve outstanding global
      189 words

  • Page 4 Advertisements
    • 1007 4 The Sumitomo Trust £sf Banking Co., Ltd. (Incorporated in Japan with Limited Liability) Consolidated Balance Sheets Consolidated Statements of Income As at March 31, 2005 and 2004 For the years ended March 31, 2005 and 2004 Millions of Yen Millions of Yen 2005 2004 2005 2004 Assets: Income: Cash and
      1,007 words
    • 228 4 -v > K K -1 r t j.—- mmmmmi j.i .jlm wupjwjpbmrngmmammmmmm pmnjui .uummi mfe# I li I [I I It ***** «£1 lil fi AMI HI 111!* Wi I 1 I K Y B 1 I Buy now. As you know, timing is key when it comes to making
      228 words

  • COMPANY NEWS
    • 682 5  -  Prime's IPO will issue 66.7% of trust to institutional and retail investors By KALPANA RASHIWALA PRIME Real Estate Investment Trust, which has stakes in Wisma Atria and Ngee Ann City, yesterday lodged a preliminary prospectus that promises a yield more attractive than
      FILE PHOTO  -  682 words
    • 736 5  -  HOCK LOCK SIEW By JOYCE KOH MAKING a takeover offer is like engaging in a mind game, and it pays the bidder to understand what it is that existing shareholders want. For an example of this, look no further than the Vantage Corp
      736 words
    • 222 6  -  By RACHEL LIN FORGET national education. If you want to turn young people on to tradition, there's nothing more effective than a chocolate-cheese snow-skin mooncake. That's what restaurant and food group Tung Lok is banking on to make this year's mid-autumn festival something more
      ARTHUR LEE  -  222 words
    • 290 6  -  BIOMEDICAL PLAYERS Collaboration with Temasek Life Sciences Lab for new medicines By JEAN CHUA ASIAPHARM Group says it will continue to work with Temasek Life Sciences Laboratory a Temasek Hold-ings-linked research institution to develop new medicines, even though the investment company's 5 per cent stake
      290 words
    • 361 6  -  By CHEN HUIFEN MAINBOARD-LISTED medical device maker LMA International, which sued an affiliate of US' Tyco International for patent infringement, has won its case. LMA filed its suit through wholly owned The Laryngeal Mask Company Limited in June against Tyco Healthcare Nederland BV
      361 words
    • 131 6 CONTRACT chipmaker Chartered Semiconductor Manufacturing has completed a US$3OO million private placement of preference shares and bonds. This follows shareholders' approval of its resolutions at an EGM yesterday. The placement units comprise convertible redeemable preference shares of par value US 1 cent each and amortising bonds
      131 words
    • 430 7  -  Khazanah, with 32% in Telekom, takes active role as shareholder By PAULINE NG in Kuala Lumpur UNDER a recent revamp, Malaysia's state investment agency Khazanah Nasional has transformed itself from a passive to an active shareholder. Yesterday's announcement that it
      430 words
    • 229 7  -  By UMA SHANKARI CHIP Eng Leong Enterprise, property arm of listed Chip Eng Seng group, announced yesterday that it has bought a $19.5 million freehold property at 21 Balmoral Road. The property, with a land area of 26,945.3 sq ft, can be
      229 words
    • 422 7  - Oei Hong Leong sells entire stake in BIL Int'l He stands to reap a profit of between $48m and $71 m By EDDIE TOH BUSINESSMAN Oei Hong Leong has sold his entire stake in BIL International which is the subject of a takeover by Malaysian tycoon Quek Leng Chan for
      FILE PHOTO  -  422 words
    • 611 9 US$650m borrowings being sought by US private-equity firm, say bankers Bloomberg [HONG KONG] Colony Capital LLC, a US private-equity firm, plans to borrow US$65O million to buy Raffles Holdings Ltd's hotel business, including the 118-year-old Raffles Hotel in Singapore, said bankers involved in
      Bloomberg; REUTERS  -  611 words
    • COMPANY BRIEFS
      • 46 9 FOLLOWING Temasek Holdings' placement of 200 million Capita Land shares, the free-float factor of Capita Land used for the calculation of the Straits Times Index will be increased from 0.35 to 0.55. This change takes effect on Aug 26.
        46 words
      • 150 9 MAINBOARD-listed Guthrie GTS yesterday said that its subsidiaries Guthrie Overseas Irtvestments (GOI) and PT Guthrie Jaya Indah Island Resort (GJIIR) were named as defendants in a lawsuit filed at the Batam District Courts in October 2004 by PT Jaya Putra Kundar Indah (JPKI)
        150 words
      • 93 9 ACCORD Customer Care Solutions yesterday said that the Singapore Exchange had granted it an extension to Sept 30 to announce its financial statements for its second quarter ended June 30, 2005. "The company will finalise and release the financial statements for the first
        93 words
      • 30 9 SESDAQ-listed Asia Water Technology said it had been awarded a further 3 million yuan in research funding by China's Science Technology Bureau.
        30 words
  • Page 5 Advertisements
    • 28 5 l^t—_ W a. idi M 11— Premium Automobiles Showrooms: 9 Lang Kea Road Singapore *****0 Tel: 6568 1111 •55 Übl Road 1 Singapore *****9 Tel: 6388 2323 *****2271W
      28 words

  • Page 6 Advertisements
    • 446 6 WHY Wr YOU SHOULD INVEST Not less than 50% dividend payout in FY2OO5 1,2 Semi-annual dividend payout for FY2OO5 1,2 Awarded "China Top Brand" certificate for jelly products 3 Historical FY2004 PE ratio of 4.5 x Jto Extensive management experience in the PRC lifestyle foods and snacks market Wide distribution
      446 words

  • Page 7 Advertisements
    • 101 7 7save tax Our qualified professionals HA/ A J can assist you with offshore structures, shelf companies jf|^Xj|H| and incorporations In ALL fIOIR British Virgin Islands Cayman Islands Bahamas Mauritius HBBnnBHBi Hongkong Samoa Full nominee, management, secretarial, banking and corporate administration services are available. We also specialize in offshore trusts for
      101 words
    • 703 7 r* 11if I 7 f- Bkt'-~ IW'i m jd I A? ■K- jM W '33J! iirrittfci i,r mm Sri &W *m) ML 11 ml ti/4i J rWm'-£rVjssg-\: .>-jp-r-±v-*.-- II nn«pr< i Citibank Unfixed Deposits now come in US Dollars With our 6-month US Dollar unfixed deposit, not only can you
      703 words

  • SINGAPORE MARKETS
    • 499 8  -  STOCKS Wall Street's overnight fall also contributes to STI shedding 25 points TEH HOOI LING Senior Correspondent INVESTORS couldn't shrug off fears of the negative impact of high oil prices on corporate earnings and headed for the exit, dragging the Straits Times Index down
      Source: Bloomberg  -  499 words
    • 499 8  -  TRADES TO WATCH By UMA SHANKARI MAINBOARD-LJSTED Cosco Corporation director Lee Fook Choy yesterday bought 1.237 million shares of the company at $2,325 each on the open market. The purchase gives him a 0.113 per cent stake in the company. He did not own
      499 words
    • Article, Illustration
      425 8 OTHER SINGAPORE INDICES Aug 17 VALUE CLOSE BT OB/OS -654.00 -119.00 BTCAPI -*****.00 -55.00 BT 10-day MA -*****.00 -65.00 All-SG Equities 584.13 -5.25 SG Equities Elect 130.46 -1.41 SG Equities Fin 1630.45 -23.78 SG Equities Prop 651.27 -3.60 SIMSCI 271.12 -2.63 SiMSCI Futures 271.20 -2.70 MOST ACTIVE STOCKS VOLUME BILIntl
      425 words
    • Article, Illustration
      948 8  -  By JOYCE KOH Osim International August 17 dos<: $1.27 dMB-OC RESEARCH. August 17 DELISTING of Global Active (GA) is almost a certainty. The move does not surprise us. We mentioned in our Anyil note that Osim is keen to privat|se GA. Under listing requirements, Osim requires majority approval
      Source: Bloomberg  -  948 words
    • 485 8 CURRENCIES Reuters. AFP ASIAN currencies fell against the US dollar yesterday, forced onto the defensive by weakness in local stock markets and worries about the high cost of oil. The Thai baht faced additional selling pressure after the Bank of Thailand said the economy
      Reuters.; AFP  -  485 words

  • Page 9 Advertisements
    • 571 9 INTHE HIGH COURT OFTHE REPUBLIC OF SINGAPORE Originating Summons Number 1013/2005/ C In the Matter of Weames International (1994) Limited (RC No. *****1132 D) And In the Matter of Section 210 of the Companies Act, Chapter 50 SCHEME OF ARRANGEMENT under Section 210 of the Companies Act, Chapter 50 Between
      571 words

  • SINGAPORE NEWS
    • 459 10  -  Businesses given time to comply, mitigators allowed By NANDE KHIN BUSINESSES will be allowed more time to comply with the new Competition Act, and the penalty for infringements under the Act will take into consideration not only the seriousness of the infringement, but also other mitigating
      459 words
    • 426 10  -  China emerges as key participant in study programme By GENEVIEVE CUA ASIAN enrolment in the CFA study programme widely seen as a "gold standard" in the finance industry has burgeoned, and CFA Institute has appointed its first managing tjrector for Asia-Pacific, Jfen Squires. S For
      426 words
    • 271 10  -  By SAMUEL EE THE premium for COE Category A —cars below 1,600 c fell to its lowest this year, levels not seen in 13 years. All categories of certificates of entitlement were down except for the big car
      271 words
    • 180 10 ELECTRONIC payment services provide Nets the Network for Electronic Transfers Singapore said yesterday it has appointed Susag||iwee as chairman. Ms Hwee, executive vice-president for information technology at United Overseas Bank, is not new to Nets she has been a director since 2002. She has
      FILE PHOTO  -  180 words
    • 386 10  -  By RONNIE LIM ARE petrol price discount signs more attractive to motorists than signs that display actual pump prices? Right now most drivers don't know what to make of or choose from the many types of discounts offered by oil companies. And the jury
      386 words
    • 345 10  -  By DANIEL BUENAS A COUNTRY'S judiciary should be independent of its executive arm and prepared "fearlessly to uphold" the rule of law, the Chief Justice of England and Wales Lord Woolf of Barnes said yesterday. Lord Woolf, who was guest of
      345 words
    • 206 10 SINGAPORE'S immigration policies are among the friendliest in the world, according to a poll by PricewaterhouseCoopers (PWC). The poll placed Singapore on a par with Thailand but ahead of Japan, China and India. When measuring how welcoming a country's immigration policies are, companies take into account
      206 words
    • 171 10 PEOPLE in dire financial straits have a new life buoy. Credit Counselling Singapore (CCS) gained its first contributor yesterday, as Credit Bureau Singapore pledged up to $1,000 a month towards its Fee Sponsorship Programme. The programme seeks to defray -CCS charges for counselling indebted
      171 words
  • Page 10 Advertisements
    • 280 10 If kjy Latin Asia Biz 2005 !a S VJ IMm Bridging Partnerships 1 8 September 2005 Wednesday, 7 September 2005 Keynote Addresses i Bridging partnerships: Exploring links between Latin America and Asia I World Bank Jti there a market for my product? Reaching out to mass consumers in Latin jlAmerica
      280 words

  • FOCUS: MANUFACTURING
    • 1193 11  -  FOOD Teasing Japanese taste buds isn't for the weak-willed, but those who persevere will be rewarded, writes CHUANG PECK MING CHUANG PECK MING THREE years ago, Alice Choo, a company director, got out of her cushy office in Singapore to fly to Japan to push her
      CHRIS LOH  -  1,193 words
  • Page 11 Advertisements

  • ECONOMY WATCH
    • 784 12 Market speculates investors are buying more US debt for returns Bloomberg [TOKYO] The dollar rose to a two-week high against the euro on speculation that international investors are increasing purchases of US debt to boost returns. The US currency may be buoyed as
      Bloomberg; AFP  -  784 words
    • 2338 12 VOL General Corp .0.43 0.03 45 *yg17 KM C000) Genting 19.50 0.10 188 George Kent 0.62 0.03 26 ASM Realty 1.50 unch 0 GHL Systems .0.19 -0.01 799 Abric .0.38 unch 56 GlobetronrcsTech .0.39 unch 503 ACP Industries .0.69 -0.00 67 GlomacBhd 1.50 unch 151 Advance Synergy.... .0.28
      2,338 words
    • 404 12 Bloomberg [JAKARTA] Indonesia's economy will expand as much as 6 per cent this year and 6.5 per cent next year, boosted by higher investments and exports, the nation's central bank said. The economy will probably grow 5.5 to 6 per cent
      Bloomberg  -  404 words
    • 392 12 Fuel prices, poor consumer confidence hit economy Bloomberg [BANGKOK] Thailand's economy, Southeast Asia's second-largest, expanded less than 4 per cent in the second quarter, slowing growth in the first half, said central bank governor Pridiyathorn Devakula. "The economy in the first half has
      Bloomberg  -  392 words
    • 446 12 China urged to focus on pension and education Bloomberg [WASHINGTON] China's economic growth will fall to about 8 per cent in 2006 from 9 per cent this year as domestic demand declines, a World Bank quarterly report predicted today. The
      Bloomberg  -  446 words
    • 250 12 Foreign direct investment in Russia up 31 in H1 Bloomberg [MOSCOW] Russia attracted 31 per cent more foreign direct investment in the first half than a year ago, as consumer goods producers such as Coca-Cola Co and HJ Heinz Co bought Russian competitors amid a boom in spending. Foreign direct
      Bloomberg  -  250 words

  • MALAYSIA/INDONESIA
    • 495 13 It will boost investor confidence, especially among mining, oil firms AP [JAKARTA] An agreement to end three decades of fighting in tsunami-ravaged Aceh province could spark an economic boom in the region, which is rich in oil and other natural resources, analysts
      AP  -  495 words
    • 179 13 AP IKUALA LUMPUR] Civil servants at Malaysia's Human Resources Ministry are under orders to limit their tea breaks to 15 minutes inclusive of travel time to the cafeteria a news report said yesterday. The ministry issued the stern directive to
      AP  -  179 words
    • 333 13 Reuters {JAKARTA] Indonesia expects to change the head of state-owned oil company Pertamina this month after screening candidates for the job, the country's chief economics minister said yesterday. "As soon as possible. This month," Aburizal Bakrie told reporters when asked when the change
      Reuters  -  333 words
    • 219 13 AFP [JAKARTA] Indonesia has reduced a 30-month sentence handed to militant Muslim cleric Abu Bakar Bashir for his role in the Bali bombings by four months and 15 days, a prison official said yesterday. "He received a remission of four months and 15 days,"
      AFP  -  219 words
    • 4376 13 UNIT TRUSTS FUNDS Citi Pan-Europe Equrty Fund 1-2* CmSetect Aua rut Balanced 1.42/ CitiSelect Asia Tilt Growth 13* AM AmroAaMtMgt (Spore) OdSetectAsiardtErtiGrti 1.32/ Star Europe Eqty! 0*3* CitiSelect Global Growth 1.1S Star Euope Bond .241 citi Global Healthcare Fund 0.98/ toEuopeBal .14V Citi Gfc Fin Srvcs Fund 1.0* Star Asan
      4,376 words
  • Page 13 Advertisements

  • GREATER CHINA/INDIA
    • 477 14 Govt will continue to hold 51% minimum stake in state lenders Bloomberg [NEW DELHI] India has scrapped a proposal to reduce the government's holding in state-run lenders to as low as 33 per cent. The government, which introduced the Banking Companies (Acquisition and
      Bloomberg  -  477 words
    • 353 14 Three other index additions worldwide Bloomberg [TOKYO] Shanghai Electric Group Co, China's largest maker of coal-fired power equipment, gained after Morgan Stanley Capital International Inc said it was among four companies worldwide to be added to its stock indexes this month. Hudson City Bancorp
      Bloomberg  -  353 words
    • 424 14 AP [SAN FRANCISCO] Waste from computers, televisions and other devices used in the United States is polluting the environment and exposing workers to toxic chemicals in regions of China and India where discarded electronics are dismantled, according to a study released yesterday. Researchers
      AP  -  424 words
    • 260 14 Bloomberg Reuters [HONG KONG] Hong Kong Exchanges Clearing Ltd (HKEx), which manages Asia's second-biggest stock market, plans to abolish requirements for mainboardlisted companies to publish announcements in newspapers by next year. "It's our intention to abolish it totally after a transition period
      Bloomberg; Reuters; AFP  -  260 words
    • 154 14 Bloomberg [SHANGHAI] China's fund management companies will be allowed to invest in warrants of listed companies as part of the compensation for disposing of the government's stockholdings, said the securities regulator. Fund management companies should report to the securities regulator their warrant
      Bloomberg  -  154 words
    • 360 14 Spectacles maker being probed for alleged fraud Bloomberg [HONG KONG] Liquidators of Moulin Global Eyecare Holdings Ltd, a spectacles maker being probed by Hong Kong police for alleged fraud, said the company sold assets worth HK$BO million (Ssl7 million) to repay debt.
      Bloomberg  -  360 words
    • 284 14 Reuters [BEIJING] Budding Chinese entrepreneurs are set to go head-to-head on domestic television in a new reality programme that reads like a watered-down version of the hit US show "The Apprentice", which stars tycoon Donald Trump. Sixteen contestants will pitch their plans for
      Reuters  -  284 words
  • Page 14 Advertisements
    • 759 14 I i I 1 .I, IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF GLOBAL SILVERHAWK (SINGAPORE) PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) Company Registration No. *****3886N NOTICE IS HEREBY GIVEN pursuant to Section 308(1) of the Companies Act, Cap. SO, that a Final Meeting
      759 words
    • 176 14 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF QOH BEE FIREBRICKS PRIVATE LIMITED (COMPANY REQ. NO. 1966-*****-N) ON VOLUNTARY LIQUIDATION) NOTICE is HEREBY GIVEN that the Creditors of the abovenamed Company, which Is being wound up voluntarily, are required on or before the 19th
      176 words
    • 49 14 I d buOfl r> k THE ONES i THAT FIT! t Recruit the right pi i people through IpThe Straits Times Recruft. J C«B 1800 289 8822 or email J recruit $sph.com.sg to advertise. v 4 Hi t mr_ V' j -e r 3 L—l lv r Ts r*
      49 words

  • ASIA-PACIFIC/WORLD
    • 455 15 Analysts call it a step towards state domination of energy sector Bloomberg [MOSCOW] Gazprom, the world's biggest natural-gas producer, plans to buy control of Russia's fifth largest oil producer Sibneft. President Vladimir Putin is tightening his grip on Russia's energy industry, creating
      Bloomberg  -  455 words
    • 792 15  -  ASIA INSIGHT ANTHONY ROWLEY Tokyo Correspondent THE International Monetary Fund and the World Rank annual meetings in Washington are no longer the jolly jamborees they used to be in the days before terrorist threats and tight security, but,this year's events promise to be
      792 words
    • 303 15 Bloomberg AFP [SYDNEY] Australia's government may sell only part of its 51.8 per cent stake in Telstra Corp depending on investor demand for the stock, Finance Minister Nick Minchin said yesterday. The announcement coincided with the government reaching a breakthrough deal with
      Bloomberg; AFP  -  303 words
    • 410 15 Bloomberg [BANGKOK] Thai corporate profit growth slowed in the second quarter as recordhigh oil prices eroded consumer confidence and increased costs at companies. Combined profit for the 50 biggest publicly traded companies by value, as represented in the SET-50 Index, rose 18
      Bloomberg  -  410 words
    • 393 15 LATEST US DATA AP [WASHINGTON] Inflation at the US wholesale level increased by the largest amount in nine months in July, reflecting the hit consumers are taking at gas pumps. The Labour Department reported that its Producer Price Index (PPI), which
      AP; BLOOMBERG  -  393 words
    • WORLD WATCH
      • 71 15 Bloomberg [FRANKFURT] DaimlerChrysler's share price surge of 11 per cent on July 28, the day chief executive Juergen Schrempp announced his retirement, has sparked an official probe of possible insider trading. The investigation will last "weeks", a spokeswoman for the regulator BaFin, said. A preliminary
        Bloomberg  -  71 words
      • 66 15 Bloomberg [LONDON] A UK accounting regulator plans to investigate Deloitte Touche LLP's handling of the audit of MG Rover Group Ltd, the collapsed carmaker. The Accounting Investigation and Discipline Board will focus on Deloitte Touche's 2003 audit of the carmaker's financial accounts and
        Bloomberg  -  66 words
      • 58 15 AP [BERLIN] The chief executive of Germany's Commerzbank has denied wrongdoing after prosecutors said they were investigating him as part of a alleged money laundering involving assets from the former Soviet Union. The bank said over the weekend that prosecutors in the city had widened their
        AP  -  58 words
      • 54 15 Reuters [NEW YORK] Morgan Stanley on Tuesday said it has hired James Gorman from Merrill Lynch Co tq head its ailing retail brokerage. Mr Gorman, 47, will be president and chief operating officer of the individual investor group, responsible for leading Morgan Stanley's
        Reuters  -  54 words
  • Page 15 Advertisements
    • 329 15 NOTICE OF APPOINTMENT OF PROVISIONAL LIQUIDATOR SPECTRUM INTERNATIONAL (S) PTE LTD (Co. Rag. No. *****3024K) (Incorporated In the Republic of Singapore) Take notice that Mr lim Yeong Seng, CPA Approved Liquidator of Kong, Lim Partners, 98A Amoy Street, Singapore *****8 hat been appointed provisional liquidator of the abovenamed Company on
      329 words
    • 622 15 Deutsche Bank DEUTSCHE BANK AG, ACTING THROUGH ITS LONDON BRANCH (Incorporated under the laws of the Federal Republic of Germany) NOTICE TO WARRANTHOLDERS I To ALL HOLDERS OF EUROPEAN STYLE CASH SETTLED CALL WARRANTS RELATING TO THE ORDINARY SHARES OF SEMBCORP LOGISTICS LIMITED ISSUED BY DEUTSCHE BANK AG, ACTING THROUGH
      622 words

  • WORLD
    • 391 16 Sotheby's sales dip slightly but overall art market outlook remains buoyant [NEW YORK] Christie's, the art auction house, had record sales in the first half of this year as the art market was buoyed by a convergence of old and new US hedge fund
      PHOTOS: REUTERS, AFP  -  391 words
    • 460 16 Reuters [NEW YORK] How much would you pay to be immortalised as a zombie in a Stephen King novel or a good guy in a John Grisham thriller? f Kin** and Grisham are among 16 alithors selling the right to have
      Reuters  -  460 words
    • 404 16 Reuters [WASHINGTON] Deepening the mystery of how a retired Croatian woman got mixed up in insider trading of Reebok International share options, sources close to the case said on Tuesday that US authorities are looking into whether someone set up an
      Reuters  -  404 words
    • 247 16 AP [NEW YORK] Billionaire New York Mayor Michael Bloomberg donated U*****.3 million of his fortune to 843 organisations last year, his office said on Tuesday. He spread his money to significantly more groups than the previous year, when he gave U*****.6 million to 653
      AP  -  247 words
    • 480 16 Morgan Stanley, CSFB, Citigroup, UBS taking up 25% Reuters [NEW YORK] Four major banks are buying a combined 25 per cent equity stake in the Philadelphia Stock Exchange for a total of US$l9 million, the fourth largest US equity options exchange said on
      Reuters  -  480 words
    • 366 16 Reuters [CHICAGO] CBOT Holdings Inc is shunning offers for a merger or sale but instead will proceed with its plan to sell shares in the No 2 US futures exchange to the public. After reviewing strategic alternatives with its financial and
      Reuters  -  366 words

  • AVIATION
    • 423 17  -  Initiative to 'stay ahead' follows SATS' $23m upgrade move By VEN SREENIVASAN [SINGAPORE] Changi International Airport Services (CIAS), which is now controlled by Dubai-based Dnata, is spending around $12 million to upgrade its facilities and services at Changi Airport in order to stay ahead
      423 words
    • 175 17 Bloomberg [TAIPEI] China Airlines and EVA Airways Corp, Taiwan's two biggest carriers, said they have applied for rights to fly through Chinese airspace to reach Europe and In-, dia, using shorter routes to cut annual fuel costs and other expenses. China Airlines, the island's largest
      Bloomberg  -  175 words
    • 1749 17 CITY FLIGHT ETA FUGHT ETD IC857 1025 SQ408 1855 DenpasarBali SQ141 1145 SQ142 0935 Adoiaida LH9771 1845 AF8088 2215 qXs40 1725 GA841 1825 SQ230 1845 BA7382 2215 SQ147 2235 SQ148 1900 U I SQ442 2020 imrtfiir 1 c7V3T5 062fT AZ3993 2255 Poh* QR638 1205 QR639 —0745
      1,749 words
    • 502 17 Bloomberg [SYDNEY] Qantas Airways Ltd, Australia's biggest airline, may report a 6.5 per cent drop in second-half profit, as record earnings from the first six months of the year were eroded by surging fuel prices. Net income may drop to A 5271.6
      Bloomberg; BLOOMBERG  -  502 words
    • 433 17 AIR DISASTERS AP [WASHINGTON] The two jetliners that crashed over a three-day period were flying for new, low-cost regional carriers that are springing up around the world as governments follow the US lead and deregulate air travel. The crashes of a West
      AP  -  433 words
    • 352 17 AFP Reuters Bloomberg [CARACAS] Investigators have found one of the black box flight recorders from the Colombian jet that crashed in Venezuela on Tuesday killing all 160 people on board, Venezuela's Interior Minister Jesse Chacon said. All the passengers on the plane were
      AFP; Reuters; Bloomberg  -  352 words
    • 194 17 AFP [PARIS] Failure to correct a known weakness on the supersonic Concorde aircraft is in part to blame for the fatal 2000 crash of one of the planes, an experts' report seen by AFP said on Tuesday. It makes serious criticisms of the
      AFP  -  194 words
  • Page 17 Miscellaneous
    • 205 17 CRYPTIC CROSSWORD 26 Getting granny ready for wedding? (5,3,4) ing (5,7) Across: 1 Yellow fever, 8 Prison 15 Poorly rated commercial sys- break, 11 Lees, 12 Unit, 13 At issue, DOWN 15 Bouncer, 16 Trout, 17 Gods, 18 1 A driver perhaps made it! (7) 17 Completely turning turtle on
      205 words

  • AVIATION/SHIPPING
    • 490 18 Bloomberg [FRANKFURT] Finnair Oyj, Finland's biggest airline, said second-quarter profit more than doubled as fares increased and demand rose for Asian and low-cost European flights. The shares jumped to the highest in seven years. Net income advanced to 26.4 million euros (5553.8 million),
      Bloomberg  -  490 words
    • 270 18 Reuters [STOCKHOLM] Scandinavian airline SAS posted a lower than expected pretax profit in the second quarter yesterday but said it still expected to return to profit over the year despite a cautious outlook. Pretax profit was 590 million Swedish crowns (Ssl29
      Reuters  -  270 words
    • LOG BOOK
      • 91 18 AFP [LONDON] Negotiations over the dispute that triggered days of chaos for British Airways at Londdh Heathrow Airport have broken down, both sides said on Tuesday. Talks were abandoned after Gate Gourmet, BA's flight caterer at the world's busiest international airport, and the Transport and
        AFP  -  91 words
      • 74 18 Bloomberg [SHANGHAI] Shanghai International Airport Co. which owns two of China's biggest air terminals, reported its seventh quarterly profit growth as demand for air travel and China's expanding trade increased traffic at airfields. Net income rose 1.6 per cent to 334.6 million yuan (5568.5 million)
        Bloomberg  -  74 words
      • 63 18 AP [MANAGUA, Nicaragua] A jetliner carrying more than 200 Central American students back from a youth festival in Venezuela made a safe emergency landing in El Salvador yesterday, according to Nicaraguan political figures and the Salvadoran news media. Rosario Murillo, the wife of Sandinista party
        AP  -  63 words
      • 78 18 Bloomberg [NEW YORK] American Airlines, the world's largest carrier, increased a surcharge on international flights by US$2O round trip to help cover rising fuel costs. The increase brings to US$55 each way American's fuel surcharge on trans-Atlantic and trans-Pacific flights, spokesman Tim Smith said in
        Bloomberg  -  78 words
    • 706 18  -  They say littoral states' pledges to tighten security are not enough By DONALD URQUHART [SINGAPORE] London's insurance underwriters are sticking to their guns on the highly controversial designation of the Malacca Strait as a terrorism risk, saying promises by the littoral states to
      REUTERS  -  706 words
    • 448 18 Bloomberg [KUALA LUMPUR] Malaysia's Port of Tanjung Pelepas, which competes with neighbouring Singapore for South-east Asia's sea freight, said it's obtained a loan from a government bank as part of its RMI.3 billion (Sss7o million) expansion plan. Tanjung Pelepas borrowed RM74I million over
      Bloomberg  -  448 words
    • 396 18 Bloomberg [TOKYO] Kawasaki Kisen Kaisha Ltd, Japan's thirdlargest shipping company, said it may exceed its profit forecast for the 12 months ending March 2006 because the effects of its cost cuts haven't been fully reflected. The shipping line's profit for the
      Bloomberg  -  396 words
    • 140 18 [SINGAPORE] Logistics solutions provider Sembawang Kimtrans (SKL) has launched a coal handling terminal, Kimtrans Suralaya, for the Indonesian Suralaya Power Station in West Java. The floating terminal is part of a US$34 million deal SKL secured in August last year to provide coal logistics services
      140 words
    • 283 18 sgx 'ooo Ami? st w- vol CH Offshore 0.01 1567 ChuanHup 0.90 -0.02 4737 Cosco Corporation. 2.46 unch 6428 CWT Distribution 0.72 0.02 116 EzraHldgs 1.59 -0.07 4037 —0.08 -0.01 890 Grand Banks Yacht .0.97 unth 0 Java Holdings *1 1-24 0.03 8431 K1 Venture 0.29 0.01 2589
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    • 473 18 HKOni Call toll-free 1800 289 8822 Email: notices©sph.co«n.sg IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF GROUP W BROADCAST PTE LTD (In Members' Voluntary Winding-Up) Company Registration No. *****1892K NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Cap. 50, that
      473 words

  • Page 19 Advertisements
    • 210 19 W SEMBAWANG —~~W kimtrans A Firm Commitment of Strategic Alliance Dedicated Support In support of Suralaya Power Station, Indonesia's largest coal-fired power plant, Sembawang Kimtrans Ltd (SKL) is proud to announce the launch of floating terminal KIMTRANS SURALAYA on 18 Aug 2005. I The KIMTRANS SURALAYA is a modern and
      210 words

  • EDITORIAL & OPINION
    • 499 20 Keeping the doors and minds open EDITORIAL THE usual grouses about Singapore's foreign labour policy which seems to arouse, anew, emotive responses each time it rears its head have of late sounded perhaps louder than before. Part of the reason is that structural unemployment among Singaporeans has become a matter
      499 words
    • 752 20  -  THE BOTTOM LINE ROBERT SAMUELSON The Washington Post Writers Group EVERY so often, the US government spits out some factoid that seems crammed with special significance. The Commerce Department did just that recently when it reported that Americans' personal savings rate had
      The Washington Post Writers Group  -  752 words
    • 928 20  -  The challenge is for Singapore service firms to be world-class in the next three to five years By JOGHEN WIRTZ SERVICES are the future of the global economy. Today, already over 65 per cent of GDP globally is produced in the services sector, and the
      928 words
    • 1643 21  -  Central bank's Zhou advocated change long before yuan became a global issue By MATTHEW R MILLER, DOUGLAS WONG, ALLEN T CHENG Bloomberg G- UANAnping remembers when Zhou Xiaochuan first urged China's leaders to let the yuan float in the world marketplace. He didn't know
      Bloomberg; BLOOMBERG  -  1,643 words
    • 211 21  -  LETTERS TO THE EDITOR Stephen Davies Certified Financial Planner. CEO, Javelin Wealth Management Singapore YOUR article in Executive Money, "Would you pay for financial advice" (BT, Aug 17), makes some excellent points and notes that it is often difficult to get investors to
      211 words
    • 438 21  -  Narayana Narayana Singapore AT an individual level, most readers are likely to sympathise with the bureaucratic hurdles encountered by your LA-based contributor, Mr Christopher Reed, in selling his "little house in the California countryside" which he related in "Selling a house in California can
      438 words

  • Page 21 Advertisements
    • 99 21 HAVEYOUR SAY Fax your letters to 6319-8277 or email them to bttetteresph.com.sg or write to: The Business Times, SPH HQ, 1000ToaPayoh 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 reserve
      99 words
    • 1195 21 IHKfaHBHHMKTiM tott-fa* isoo wmu IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF OMIXASIA.COM PTE LTD (In Members' Voluntary Liquidation) Extracts of the Minutes of an Extraordinary General Meeting of the Company held on the 15* day of August 2005. SPECIAL RF-SOLUTION "That the Company
      1,195 words

  • 10204 22 SGX MAINBOARD 52-WV Tel Last Vol Day Last Quote G(Oiv Dtv Grttd Net MCap High Low Cod* Company Site fOOO) High Low *wyr SalUr Cvr fit jam 10 3 5716 1st Software 5c 3 unch 350 3 3 2.5 3.5 12.1 30 10 3148 8TelecomUS2c 10 -0.5 2120
    10,204 words

  • 6306 23 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local curt la SI hi U» dy %r «dy r Aug It lnd«« Chanqa Gunge Changa OimQ« Ch«ng« Ch.»n a r World index Preliminary 906.0 -04 63 -0.6 44 -0-4 2.8 t EAfE Preliminary 8618 -02 115 -04 SO 43 3.5 Eurofe
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  • Page 24 Advertisements
    • 1439 24 v NYK GROUP SOUTH ASIA PTE LTD T* amwi vnny A«M r*> v TEL *****123 I. XV Jl AIINC fc&szdf M 011 LINE Fax: 6292 2856 (Regional sales) 6239 7109 (OPS)/ 6299 5786 (Documentation) W NIPPON YUSEN KAISHA TOKYO WAKU KASHA. UO (C/R NO: **********0E) CR#: 1378 *****000 SENATOR LINES
      1,439 words
    • 768 24 IINTIItASiA KOKO SERVICE vßsa/vor Kjuwrocp hbchkm) pkg kch lo sx jkt STRAITS VEMTUREI7/05 IS 3.2 18/06 21/08 25/01 28/08 30/08 STUirSVEKTUK 18/05 15 3.2 01/W 04/09 08/09 11/09 13/09 I STtAITS VEimiKE 19/05 15 3.2 15/09 18W 22/09 25/09 27/09 AUSTRALIAN RORO SEKVICI VCSa/VOT I lAMfffT) IHBGMT(M) I U» I
      768 words

  • Page 25 Advertisements
    • 996 25 .■Jihreii "SES* AUSE SERVICE (EXPORT) ETA ETA CT* 0* FWT «imG SIMGAfOtt WISIAK STWKT MtLAOURNE AOBAIW POT KLANG SINGAPORE MISIAMt STPNTf MUOURNI ADBADt CAI YUM HE M2S 11/08 1»/M 29/OD 31/OD _03/09_ 06/09 CAIYUIIHtOMS IS/09 U/09 26/09 W/M 01/10 04/10 CAPKMGA SI4S 25/W 34/OC OVW 07/W WW 13/09 CAT HHW6A
      996 words
    • 968 25 VOY SIHI^PK^^ r,Ol OFM TRADF SUN 17/8 18/8 ?0/8 1-1 I NEW DYNAMIC 093* 18/8 I 20/8 ♦Uh|WE-M*sl—i VESSEL VOY KG SIN HKG SHA TAP HSK PKG j CMB I JEA 1 CHINA STAR 027E 21/8 22/8 30/8 1/9 IWBTBMOOt I 21W 126/8 27/8 1/9 5/9 AMASIS W2B7T 2978" ~W~~W~
      968 words
    • 873 25 m WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICD POINTS rasa voy sm p.kung Colombo ilsneva colomoo tOTAPEIWHA YPWM9 ULSfE UlSff mom GANDHI 0096W 05 Sg 0* SEP 09 Sg UJ2 USB lAJIVGANDHI 0096W I?SEP 13SEP 16Sg 19Sg 22Sff AISO ACCFTM6 FQ TO (DOW. TUTKOMN (VIA
      873 words

  • THE BUSINESS TIMES SHIPPING TIMES
    • 6927 26 *r» .:V«s'*. llllinr If T« n ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel TaUfrtwrw SIN Desfn Name Name Number Number SIN Desfn Name Name Itamber Number To ALEXANDRIA (ALY) 2012 Egypt To ABIDJAN (ABJ) 2003 Cote D'lvoire 28A» 15A19 CMACGM CMA
      6,927 words
  • Page 26 Advertisements
    • 768 26 WW WALLENIUS WILHELMSEN website: http://www.2wglobal.tom VESSEL VOY RAMP LK MAO "HOUi~ MIA SAV »AL 0»f NYC MiW ~MOB TOIA AFS2I 4001 MS 6.30 M I 19/08 11/09 20/09 234/09 30/09 28/09 TAMPA AfS22 4201 ms 6.4 M 24/0« 20/09 29/09 03/10 06/10 06/10 TAPttIA A 1519 400To«s 6.3 M 05/09
      768 words
    • 1213 26 VtSSIL VOY SIN PgM YISSB VOY SIH JKT PACBANDA 1533H 12/08 12/08 PAC UNTAN 93N 13/08 16/00 MCBAMPA 1534N 13/08 14/08 ggT~ M M Gf 2301 0159P 13/08 15/08 LgACOHTAjI I ,312 n 2 V M PAC MNDA I§35N U/08 15/08 j J N >1 >TH— -5L2201 0160P um IZ/
      1,213 words
    • 423 26 BSA x <«|HS MRVS]jFVVSKV99rffSR^^B^ MYANMA HI FIVE STAR UNE (MyaßHiar National Uie) Loading lor Yaogon VESSEL VOY SIN PKI PEN PGU PAGAN 348W SU) PAGAN 349W $10 IN MALAYSIA: IOUSTIAD SHIPPING AGENCIES KUI/PKL 03-*****388 PEN: 04-2633*15 ACCEPTING CONVENTIONAL CGO VESSEL VOY HKG SIN PGU PKL KUC CRYSTAL HEART 26 SU)
      423 words


  • BizIT
    • 493 28  -  Traditionally, Q3 is the slowest but the firm registered a solid performance in Asia in the last quarter, Paul Chan, HP's Asia head tells RAJU CHELLAM RAJU CHELLAM STRONG sales from the Asia-Pacific-Ja-pan region helped US giant HewlettPackard Company grow a healthy 10 per
      FILE PHOTO  -  493 words
    • 820 28  -  By AMIT ROY CHOUDHURY ORACLE, which recently made available the latest version of its information and data base management (IDMS) software, says it has maintained its market leadership in the Asia Pacific, excluding Japan (APEJ), in the IDMS category. Speaking to BizlT, Mark
      820 words
    • 572 28 NYT [SAN FRANCISCO] A handful of digital worms that exploit vulnerabilities in some Microsoft Windows computers spread on Tuesday, hindering Internet access at some major companies. The worms, called Zotob and Rbot, and variants of them, started emerging on Saturday, computer security specialists said,
      NYT  -  572 words
    • 144 28  -  By KENNETH JAMES THE Zotob worm and its variants only target Windows 2000 and has had a low impact on customers here so far, according to a Microsoft Singapore spokesman. Customers running later versions of Windows such as Windows XP are not affected by this
      144 words
    • 262 28 Bloomberg [PRINCETON] EMC Corp. the world's biggest maker of data-storage computers and software, agreed to buy closely held Rainfinity to add programs that support document sharing over computer networks. EMC said in a statement that it will pay less than US$lOO million for San Jose, California-based
      Bloomberg  -  262 words
    • 460 28 The tussle concerns the click wheel used in the iPod AP [SAN FRANCISCO] Given the intense rivalry between Apple Computer Inc and Microsoft Corp, this recent revelation had a comedic tinge: Apple took too long to file a patent on part of
      AP  -  460 words
    • 473 29  -  The market was worth US$636m last year and is growing further By RAJU CHELLAM NETWORK solutions company Avaya Inc wants the Asia-Pacific region to contribute "in the double digits" to gross annual revenues from about 8 per cent currently with much
      Source: Frost & Sullivan  -  473 words
    • 261 29 Bloomberg [SHANGHAI] Novell Inc, a seller of network software and consulting services, will team up with statecontrolled China Standard Software Co to develop Linux operating system software in the world's most populous nation. The two companies will develop Linux software for servers
      Bloomberg  -  261 words
    • 255 29 Bloomberg [SAN FRANCISCO] Dell Inc chief executive Kevin Rollins said the world's largest personal-computer maker must expand sales by at least 15 per cent and add 10,000 new workers a year to meet its revenue goal of US$BO billion within four years. "Growth
      Bloomberg  -  255 words
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  • Page 29 Advertisements
    • 1150 29 Advertising Feature pssßHin. The concept has emerged as one of the most polarising -Market data infrastructure that improves performance, "The most important thing that an employee can issues in the corporate world. It spans across industries, from reduces TCO and expands flexibility Jq j commun j ca t e with
      1,150 words

  • PROPERTY
    • 1086 30 Central bank's aggressive interest rate hikes in 2003-04 to cool economic boom blamed Bloomberg [LONDON] Christian Holland, fund manager at Cavendish Asset Management in London, set the asking price for his three-bedroom house in the south-west of the UK capital at £519,000 (Ssl.6
      Bloomberg; BLOOMBERG  -  1,086 words
    • 395 31  -  Demand for office space shows no sign of letting up: JLL research chief By ARTHUR SIM EXPANSION of multinational corporations and the demand for office space is helping to drive the property market in Asia. "The growth in office demand is showing no sign
      REUTERS  -  395 words
    • 318 31  -  By ARTHUR SIM CPG Facilities Management (FM), a subsidiary of CPG Corporation, has secured a contract to manage an 86hectare residential development in Fujian province, China. The development Discovery Hill is owned by the Pan China Group and will include 20,000 sq metres of communal
      318 words
    • 1499 31 PROJECT NAME/ PROP CONTRACT TENURE 81HLT-IN/LANO PRICE PSf STREET NAME TYPE DATE AREA*(SQFT) (SS'OOO) (S$) Districts NON-LANDED BayvflleCdo Apt 01/08/2005 FH 1227 540 440 Blue Horizon Apt 26/07/2005 99 1216 718 590 Normanton Parte Apt 13/07/2005 99 1270 340 268
      1,499 words
  • Page 30 Advertisements
    • 506 30 ARDMORE PARK DEVELOPMENT SITE FOR SALE BY TENDER Prestigious location at Ardmor© Park p\ v\ Freehold jcj ygr C. jV T.n" n Approximately 46,600 sq ft plot Ratl 2,8 Height control up to 36 l/"®7Afsr Storeys J Quiet locality. Ideal for 70/ luxury condominium Myitt mow p °n>s£c>s. </ development
      506 words

  • Page 31 Advertisements
    • 121 31 FvTTFllikM *"*>*&*# /11 FkH »T* h"-) ill I 11 iP3 BBPR^—:W i) ■ir lII' M r~ J Hmmmmv BWNWpSiBBWWi^ 5 Residential Redevelopment Site in District 15 Gracious Mansions Jalan Rendang HRWB Freehold I Site area: 3,180.8 sq m (34,238 sq ft) >a Residential CM<t M (tot Ratio 1.4 Century v
      121 words
    • 5 31 a^ ox 7500 sq ft
      5 words

  • WORKSPACE
    • 1040 32  -  The practice of fengshui is alive and well in offices throughout Singapore. TAN SU YEN tracks the ways in which this ancient Chinese art is interpreted in the CBD and beyond TAN SU YEN VIOLET Lim isn't fanatical about fengshui. far from it. But when she was looking
      1,040 words
    • 340 32 THERE'S more to fengshui than simply slanting the main entrance to the office or sticking a fish-tank in the lobby. '"Not so simple," intones Evelyn Lip. "Every building has its own set offengshui requirements. Who owns it? Where is the site? What other buildings are
      FILE PHOTO; CHRIS LOH  -  340 words
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