The Business Times, 13 September 2005

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Total Pages: 30
1 30 The Business Times
  • 13 1 THE BUSINESS TIMES SINGAPORTBScents online at http://business-times.asial.com.sg MICA (P) 089/03/2005 Tuesday, September 13,2005
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  • 653 1  -  Some note-holders pushing for club to improve terms of exchange By VEN SREENIVASAN [SINGAPORE] Many of the near-1,000 note-holding members of Laguna National Golf Country Club will gather on Friday to try to push for better terms of exchange for their notes than have been
    FILE PHOTO  -  653 words
  • 30 1 [HONG KONG] Disney officially opened its newest theme park, in Hong Kong, yesterday, marking its first step into the lucrative China market. Full report. Pg 16 AFP
    AFP  -  30 words
  • 504 1  -  By WONG WEI KONG [SINGAPORE] Temasek Holdings' net profit rose to about $7.6 billion in the financial year ended March 2005, from $7.4 billion the year before, according to figures made available to investors ahead of its firstever bond sale this week. Revenue rose to
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  • 138 1 STI 2,325.11 (+23.83) ST INDEX FUTURES 2,326.00 (+23.00) SIMSCI 275.92 (+3.09) SIMSa FUTURES 275.70 (+2.00) MARKETS Monday Change KISECOMP 919.07 +1.15 NIKKEI 225 12.896.43 +204.39 HANG SENG 15.199.79 +34.02 SET INDEX 712.80 +0.02 JAKARTA COMP 1.105.66 +7.20 MANILA COMP 1,866.91 -15.86 SEOULCOMP 1.158.36 +5.86 SHENZHEN 8 ***** -1.49
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  • Page 1 Advertisements
    • 79 1 ?B SMALL CAPS Hard knocks make Armstrong stronger tmM SME SPOTLIGHT It pays to plan your patent route PGII STRUCTURED WARRANTS Turnover hits a record high pg4 8 HOLEX <$ I'liU%W* H THE HOURGLASS i u \n| ii uV:\ n v' iii m i 'i» u\i 111 n i ioi
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    • 12 1 LABOUR MARKET Big jump in jobs created in S'pore in HI PG2
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  • TOP STORIES
    • 532 2 Anwar unhappy with Mahathir's 'gay' remarks MAIAYSIA'S former deputy prime ifiinister Anwar Ibrahim is unhappy at sexual comments reportedly made by his one-time boss Mahathir Mohamad, lawyer Sankaran Nair told BT yesterday that Mr Anwar, his client, had called him from Prague where he is on a speaking
      532 words
    • 755 2  -  The 49,500 jobs created in first half is highest in 4-1/2 years By CHUANG PECK MING [SINGAPORE] After signs of easing a few months ago, hiring momentum is bouncing back strongly. The Ministry of Manpower (MOM) says 49,500 jobs were created in the first six months
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    • 642 2  -  By ANTHONY ROWLEY in Tokyo FLUSHED with success from a stunning victory which gave his Liberal Democratic Party (LDP) its first absolute majority in the Lower House of Parliament in 15 years, Japan's Prime Minister Junichiro Koizumi yesterday vowed to seek early passage of his postal
      642 words
    • 236 2  -  By JEAN CHUA [SINGAPORE] Prime Minister Lee Hsien Loong has congratulated his Japanese counterpart Junichiro Koizumi, whose Liberal Democratic Party (LDP) at the weekend won a mandate to break up and sell the country's postal system, which holds assets worth 350 trillion yen (555.3 trillion). Mr
      236 words
    • 1037 3  -  Former statutory board shows the way by cultivating its foreign earnings By CHUANG PECK MING [SINGAPORE] Cut loose from the government four years ago, PSB Corporation was left to swim or sink on its own. Not only has it managed to stay above
      ARTHUR LEE  -  1,037 words
    • 332 3  -  By S JAYASANKARAN in Kuala Lumpur MALAYSIA'S former deputy prime minister Anwar Ibrahim is unhappy at sexual comments reportedly made by his one-time boss Mahathir Mohamad. Mr Anwar's lawyer Sankaran Nair told BT yesterday Mr Anwar had called him from Prague where he is
      AFP  -  332 words
  • Page 2 Advertisements
    • 412 2 International Executive Services Workshop Overseas Assignments, Singaporeans Abroad -Singapore, China and US Tax Perspectives Date As companies continue to expand into new global markets, there is an Monday, 10 October 2005 increasing demand for highly mobile workforces. Whether it is in assisting 9.00 am to 4.00pm with the relocation of
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  • COMPANY NEWS
    • 431 4  -  Total of $1.3b is 30% higher than previous record of $1b, in July By R SIVANITHY THERE is no hiding the fact that structured warrants are fast gaining popularity with local stockmarket players the value of trades done in the warrants
      Source: SGX  -  431 words
    • 400 4  -  By JEAN CHUA WEE Cho Yaw has made a rare purchase in the bank he controls, buying half a million United Overseas Bank shares for $7.15 million through UOBN-Wee Cho Yaw last Thursday. With the open market purchase at $14.30 a share
      FILE PHOTO  -  400 words
    • 711 4  -  HOCK LOCK SIEW By VEN SREENIVASAN SINGAPORE Airport Terminal Services (Sats) faces the unpleasant possibility of losing part of the Qantas ground services mandate, according to Australian media reports. The Australian carrier is a major customer of Sats, which is 84.63 per cent owned by
      FILE PHOTO  -  711 words
    • 608 6  -  PROPERTY NEWS Sector hits 52-week high as investors bank on surge in home prices By MICHELLE QUAH BULLISHNESS about home prices translated into higher stock prices yesterday as counters such as City Developments and Capita Land charged ahead, to power the benchmark Straits Times Index (STI)
      FILE PHOTO  -  608 words
    • 375 6  -  By KALPANA RASHIWALA IN a move seen in the market as further preparation for a shopping centre real estate investment trust (Reit), Centrepoint Properties has appointed Quek Kar Tung, former CEO of ARA Trust Management (Suntec), as its general manager (asset management).
      375 words
    • 203 6 MAINBOARD-LISTED Teckwah Industrial announced yesterday that it has expanded into Australia and New Zealand with the acquisition of the value chain management services business of Columbia Pelikan, one of Australia's largest turnkey software manufacturers. Teckwah said that the business segment focuses on serving the value
      203 words
    • 308 6 Reuters [HONG KONGI PCCW Ltd's $ffprttQ.takQ Sunday Communications Ltd private has fallen tifcort as holders of nearly 21 per cent of the Sharestn the Hong TCorfg cellular carrier had opted not to sell by the time the offer closed last Friday, the companies said
      Reuters  -  308 words
    • 546 7  -  Analysts are disappointed by proposal to sell sole profit generator By MATTHEW PHAN VIDEO surveillance company Multi Vision Intelligent Surveillance is losing favour with analysts following its proposal to sell its sole profit generator last week. The Hong Kong-based company, which saw its listing on Singapore's mainboard in
      FILE PHOTO  -  546 words
    • 159 7 Bernama [KUALA LUMPUR] OCBC Bank (Malaysia) Bhd has been adjudged Malaysia's best Corporate/Institutional Internet Bank for 2005 by Global Finance in the magazine's annual "World's Best Internet Banks" competition this year. The bank's innovation through velocity@ocbc, particularly in online corporate cash management
      Bernama  -  159 words
    • COMPANY BRIEFS
      • 54 7 AMARA Holdings said it has completed the sale of its interest in Chengdu Amara Hotel and will devote its efforts to its multi-use Amara Shanghai development and its Amara Sentosa resort, which is slated for completion next year. The divestment will generate a net gain of
        54 words
      • 23 7 PARKWAY Holdings has requested a share trading halt for today at 9 am pending the release of an announcement.
        23 words
      • 66 7 FRASER Neave said its wholly owned subsidiary, Centrepoint Properties, has through Fraser Serviced Residences incorporated a management company in Thailand called Fraser Serviced Residences (Thailand). Fraser Serviced Residences owns 49 per cent of the management company, which has a share capital of 100,000 baht
        66 words
      • 51 7 LUXKING Group said net profit for the year ended June 30, 2005, increased 22.9 per cent to 36.77 million yuan (557.6 million) from a pro-forma 29.9 million yuan. The China-based maker of adhesive tape reported a revenue of 393.6 million yuan, up 11.2 per
        51 words
      • 75 7 PEARL Energy has transferred its Singapore-based chief financial officer Warren Wauke to its Thailand office to become vice-president, finance administration, and appointed Michael Bruce as CFO in his place. Both appointments were effective yesterday. Mr Bruce has more than 25 years of experience
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    • 401 7 Reuters [SHANGHAI] Minsheng Banking Corp, in which Singapore investment company Temasek Holdings has a close to 5 per cent stake, yesterday became China's first lender to join a plan to convert state holdings into tradeable stock, as Beijing pushes its programme to
      Reuters  -  401 words
  • Page 4 Advertisements
    • 1607 4 Jj^j|2^^j^^^m^^l^dvertise^ainol^fre^BeC^B^^2^^mall^otkeBoBph^com^g SIN SOON HUAT LIMITED Co. Reg. No *****0985 C (Incorporated in the Republic of Singapore) NOTICE IS HEREBY GIVEN that the Twenty-Ninth Annual General Meeting of the Company will be held at the Conference Room, 19 Jurong Port Road, Singapore *****3 on Friday, 30 September 2005 at 9.30 am
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    • 25 4 s^^ Get a Leading Edge Your sailing schedules get wider attention in The Business Times shipping pages l emarC V c^ae 63' 9-2062 SHIPPING TIMES
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  • Page 5 Advertisements
    • 547 5 W XM ft: villi BL I If ■if 'mm i I ■^]B An overly complex IT system can make even the simplest tasks difficult. Reduce complexity. Increase efficiency. Maintain cated systems—Systemwalker makes it easy to spot the sanity. It seems to happen overnight. In a race to keep source of
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    • 683 6 .«-v,.« n w>«*—***>>»-' v. > »>sr j^B rTViVWI fl kf j m »tcj I Land I ■■ivWMi W' r^H Keppel Land Limited I Co Reg No: *****0001G (Incorporated in the Republic of Singapore) H l m Notice of Extraordinary General Meeting I NOTICE IS HEREBY GIVEN that an Extraordinary General
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    • 34 6 Insiders' trades. I Brokers' recommendations. I Dividend table. I The pages also cover I transactions by HK|| jlJlf directors and jSUj? substantial BigS IffiS shareholders. In other words, lßpj| H news you can use.
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    • 476 7 i jjpr -itJfp K sSf F INITIAL PUBLIC OFFERING Advance advance MODULES GROUP LIMITED IVIOQUISS Incoipoidtcd in Sin().i()f)i~i? on 18 I (.'bniiiiy ?004 Willi company it.'(|isliittion number *****1 /7bE .jT W" %5 3 A pioneer Malaysian semiconductor manufacturer of DRAM Memory Modules and Flash Memory Products r serving the global
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  • SINGAPORE MARKETS
    • 507 8  -  STOCKS ST Index rises 23 points as market comes alive with help from Wall Street R SIVANITHY Senior Correspondent AFTER a fortnight of non-performance during which prices drifted lower in thin volume, the local stock market yesterday stirred into life, thanks to a Friday bounce
      Source: Bloomberg  -  507 words
    • TRADES TO WATCH
      • 401 8 ORCHARD Parade Holdings said yesterday that substantial shareholder Ng Teng Fong increased his deemed interest by 10,000 shares after his property firm Far East Organization bought the shares last Thursday "from street names" at an undisclosed price. This raises Mr Ng's
        401 words
      • 84 8  -  Compiled by JEAN CHUA NEWSMITH Capital Management has through registered holder Lim Tan Securities acquired a substantial 5.25 per cent stake in newly listed Reyoung Pharm Holdings. Of the stake of 17.5 million shares. 7.25 million units were acquired on Sept 8 via
        84 words
    • Article, Illustration
      433 8 OTHER SINGAPORE INDICES Sep 12 VALUE CLOSE BT OB/OS -2.00 +276.00 BT CADI -*****.00 +107.00 BT 10-day MA -*****.00 All-SG Equities 593.49 +5.93 SG Equities Elect 137.39 +2.03 SG Equities Fin 1674.62 +13.16 SG Equities Prop 680.53 +15.31 SIMSCI 275.92 +3.09 SiMSCI Futures 275.70 +2.00 MOST ACTIVE STOCKS VOLUME BH
      433 words
    • Article, Illustration
      937 8  -  Compiled by UMA SHANKARI Singapore Exchange Sept 12 close: $242 UOB Kay Hian Research, Sept 12 THE Straits Times reported that Singapore Exchange (SGX) plans to levy charges for live share prices. In July last year, SGX started charging non-broking firms such as Reuters and Bloomberg a monthly Ss3
      Source: Bloomberg  -  937 words
    • 504 8  -  CURRENCIES LARRY WEE Senior Correspondent THE weekend's huge landslide victory for Japan's Prime Minister Junichiro Koizumi lifted Japanese stocks to fresh fouryear highs yesterday, while the Japa- nese currency scored its biggest gains versus its European counterparts rather than the US dollar. Players reported
      Souce: Reuters  -  504 words

  • SINGAPORE NEWS
    • 396 9  -  Around 30 firms working on Newater projects worth $460m By CHEN HUIFEN ABOUT 30 companies in Singapore are now working on Newater-related projects worth about $460 million, illustrating the growing water industry in the republic. Minister for the Environment and Water Resources Yaacob Ibrahim said
      396 words
    • 357 9 AMIDST the almost relentless run-up in oil prices, Asia's power generation chiefs and experts are meeting in Singapore today to discuss critical issues from energy security and averting electricity outages, to supply security including the use of alternative fuels like coal, biomass and orimulsion. Leading
      357 words
    • 545 9  -  Three European banks to fund $240m project By ARTHUR SIM THE Singapore Flyer, a giant observation wheel attraction planned for Marina Centre, is finally taking off, now that financing has been fully secured. European banks Delbrueck Bettmann Maffei (DBM), ABN Amro
      FILE PHOTO  -  545 words
    • 440 9 Bloomberg CHEUNG Kong (Holdings) Ltd, which is developing residential projects in Singapore, expects home prices in the city-state to rise 5 per cent in the next 1-2 months, executive director Justin Chiu said yesterday. Hong Kong billionaire Li Ka-shing's property flagship is preparing
      Bloomberg  -  440 words
    • 456 10  -  Anti-spam measures extended to cover mobile phonestoo By AMIT ROY CHOUDHURY .THE Infocomm Development Authority of Singapore (IDA), in collaboration with the Attorney-General's Chambers of Singapore (AGC), yesterday issued a second public consultation paper on the proposed Spam Control Bill in Singapore that
      MIEL  -  456 words
    • 425 10  -  By MATTHEW PHAN WEEKEND visitor numbers to the travel fair organised by the National Association of Travel Agents Singapore (Natas) were down even as airfares to regional holiday destinations become better bargains. The fair saw 52,123 visitors this year, following what
      JOYCE FANG/ST  -  425 words
    • SINGAPORE ROUNDUP
      • 57 10 AFP [NFW DELHI] A consortium of Singapore's Changi Airport and India's largest telecom operator Bharti has withdrawn its bid in the privatisation of New Delhi international airport, Bharti said yesterday. "Changi Airport has conveyed that they are not confident about meeting the conditions
        AFP  -  57 words
      • 72 10 THE HDB is suspending the sale of flats in established towns such as Bukit Merah, Geylang and Queenstown under its Walk-In-S6lection exercise, while it takes stock of the balance of the units and includes other units for sale. Interested buyers have up to
        72 words
      • 49 10 Gavin Anderson names new directors GAVIN Anderson Co, a communications firm and subsidiary of NYSE-listed Omnicom, has appointed two new associate directors. Ang Shih-Huei joined the firm from Citigate Dewe Rogerson, i.MAGE, while Jenny Yeo joined from Cogent Communications. General manager Terence Foo has been promoted to managing director.
        49 words
    • 34 10 UNIT TRUSTS FUNDS LEGEND:All prices are indicative;Broadly Diversified; Narowly Focused;$ Lower Risk;^ Low to Medium Risk;& Medium to High Risk;** Higher Risk;open-ended;+Before subdivision of units;After subdivision of units;SP after stock split N.A-Non Dealing Day
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  • SMEspotlight
    • 980 11  -  A company that doesn't survey the intellectual property landscape before commencing its R&D may find its efforts coming to naught if the innovation has already been patented. NANDE KHIN reports NANDE KHIN ANALYSING patenting trends is all the more important for small and medium-sized enterprises (SMEs)
      YEN MENG JIIN  -  980 words
    • 105 11 Source: Intellectual Property Office of Singapore Top three mistakes companies make on intellectual property: They assume they enjoy universal protection ohce they have filed for protection in Singapore. But IP rights are territorial and the IP management considerations vary from country to country. They think IP management is only
      Source: Intellectual Property Office of Singapore  -  105 words
    • 798 12  -  Do you have what it takes to be a cut above the rest? KEOY SOO EARN highlights the essential traits KEOY SOO EARN SUCCESSFUL entrepreneurs generally share common characteristics. Do you have similar traits? Envisioning power and persistence Many successful entrepreneurs visualise their success even
      REUTERS  -  798 words
    • 832 12  -  By NANDE KHIN FIND three Caucasians who didn't know each other, mix in some pure serendipity and a dash of entrepreneurial spirit and 2BrightSparks is born a self-funded Singaporebased Internet start-up that has been profitable from the very first month. 2BrightSparks was founded by
      CHRIS LOH  -  832 words
    • 968 13  -  By RACHEL LIN IN the complex and cutthroat world of business, it's hard not to make mistakes. What's even harder, though, is to pick yourself up and dust yourself off after these mistakes and make good. That's precisely what Armstrong Industrial Corporation has managed to do,
      YEN MENG JIIN  -  968 words
    • 854 13  -  Size mattered not as much as business acumen for this company. MATTHEW PHAN reports MATTHEW PHAN WHEN Swedish multi-nation-al Alfa Laval started shedding its edible oil refining operations worldwide about ten years ago, then-deputy general manager of the South-east Asian unit, Wong Yew Choo, knew
      854 words
  • Page 11 Advertisements
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  • Page 12 Advertisements
    • 41 12 InHIP) |Q hnnminn Introducing The Business Times-NTU Annual lIIUICI lo UUUI 111 ly j Competitiveness Ranking for 35 Indian states and union territories do business? India Conference Wednesday 19 October, 9am r iV'iii! '■ly'fc l tVA''!!' l The Ritz Carlton Ballroom
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  • Page 13 Advertisements
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  • ECONOMY WATCH
    • 889 14 Flash estimate raised by three times on strong business spending Bloomberg [TOKYO] Japan's economy grew at a 3.3 per cent pace in the second quarter, three times the initial estimate, adding to investor confidence in a sustained recovery after Prime Minister Junichiro Koizumi
      Bloomberg; AFP  -  889 words
    • 347 14 Reuters [BASEL, Switzerland] Group of Seven finance ministers and central bankers have yet to decide whether to keep urging for more currency flexibility in Asia, Bank of Japan governor Toshihiko Fukui said on Sunday. Speculation has been growing that
      Reuters  -  347 words
    • 296 14 AP [KUALA LUMPUR] Credit rating company Moody's Investors Service yesterday warned that Malaysia's move to extend hefty fuel subsidies will undermine efforts to trim its Budget deficit and may weaken the economy in the long run. The government last week yielded to public concerns about
      AP  -  296 words
    • 357 14 Reuters [JAKARTA] Indonesia plans to raise domestic fuel prices in early October, the government said yesterday, in the first clear indication of when it would reduce crippling but politically sensitive fuel subsidies. Asked about the timing of the fuel price hike. State
      Reuters  -  357 words
    • 318 14 Reuters [SINGAPORE] Gold rose to its highest level so far this year at U*****.50 an ounce in Asia yesterday as uncertainty over the future of US interest rate rises triggered buying from investors. Some dealers said gold was gaining
      Reuters  -  318 words
    • 485 14 AFP [MANILA] Overseas remittances from workers in developed countries have outstripped foreign direct investment (FDI) and official development aid (ODA) as sources of funds for developing countries, financial experts said yesterday. "Total overseas workers' remittances to developing countries are conservatively estimated at US$2OO
      AFP  -  485 words
  • Page 14 Advertisements

  • MALAYSIA/INDONESIA
    • 729 15  -  INDONESIA INSIGHT Risk of unrest growing each day govt delays dealing with problems SHOEB KAGDA Jakarta Correspondent BETWEEN trying td staunch the huge outflow of fuel from the country by a well-oiled smuggling ring and deflecting growing criticism of his government's Aceh policy,
      729 words
    • 309 15 Reuters Bloomberg [KUALA LUMPUR] The Malaysian government has no plan to buy up toll-road companies, the Second Finance Minister said yesterday, but he confirmed a newspaper report that it had sought valuations of their businesses. "It is just a survey," Nor Mohamed Yakcop
      Reuters; Bloomberg  -  309 words
    • 323 15 Reuters [KUALA LUMPUR] Malaysia said yesterday it had set up a state bank devoted to small businesses, offering them cheaper loans in a bid to expand a sector it sees as the next engine of growth for its manufacturingbased economy. Small and mediumsized enterprises
      Reuters  -  323 words
    • 727 15  -  Sime Darby may be cash rich, but lacks expertise in the auto industry By PAULINE NG in Kuala Lumpur ANALYSTS believe that only a global auto player can take Proton to a higher plane. Cash-rich conglomerate Sime Darby may have the financial muscle, but it
      AFP  -  727 words
    • 254 15 Bloomberg. AFP [KUALA LUMPUR] Sime Darby Bhd, Malaysia's oldest diversified group, agreed to buy Australia's PPT Investments Pty, a dealer that sells cars made by Ford Motor Co and other automakers, as it expands its automotive business in the country. Sime's
      Bloomberg.; AFP  -  254 words
    • 4 15 Source: Reuters
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  • GREATER CHINA
    • 774 16 Park seen creating thousands of jobs, US$19b revenue over 40 years Reuters [HONG KONG] Walt Disney Co officially opened its new Hong Kong theme park yesterday, exporting a piece of the Magic Kingdom to China's doorstep in a bold
      Reuters  -  774 words
    • 517 16 NYT [HONG KONG] As Hong Kong Disneyland opened yesterday, The Walt Disney Co has decided to hold off building a similar theme park in mainland China until it is assured that it will be able to broadcast Disney shows on
      NYT  -  517 words
    • 351 16 Stocks, foreign currency funds, mortgage-backed securities allowed Reuters [SHANGHAI] China has widened the overseas investment scope for insurers, allowing them to buy foreign currency funds and mortgage-backed securities as well as stocks as they search for higher returns. Allowing insurers to invest freely overseas
      Reuters  -  351 words
    • 517 16 [SHANGHAI] China is preparing ways to boost the competitiveness of its domestic stock market, including a plan to launch a new type of locally listed shares for Chinese companies, which currently only have an overseas listing, the Financial Times newspaper reported. According
      BLOOMBERG  -  517 words
    • 409 16 Reuters [SHANGHAI] China's Everbright Bank is waiting for the Cabinet to approve a state capital injection this year to bolster its finances ahead of an expected investment from Standard Chartered Pic, sources at Everbright and the government told Reuters yesterday. If the move goes
      Reuters  -  409 words
    • 259 16 Bloomberg [TAIPEI] Taiwan Business Bank, a lender 44 per cent owned by the government, said bidding for the stake closed on Sept 9 and it's now negotiating with the company that submitted the highest bid. "If the two sides can't reach the
      Bloomberg  -  259 words
  • Page 16 Advertisements
    • 384 16 H|HH Call toO-frte 1800 289 8822 IN THE MATTER OF THE COMPXNIES ACT, CHAPTER 50 RAMPARTS INTERNATIONAL PTE LTD (Company Registration No *****8577W) MEMBERS' VOLUNTARY LIQUIDATION At an Extraordinary General Meeting of the Company which was deemed held pursuant to Section 179(6) of the Singapore Companies Act, Cap. 50 on
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  • INDIA
    • NOTE BOOK
      • 77 17 AFP [TAIPEI] Taiwan Semiconductor Manufacturing Co yesterday said it expects annual growth in the global semiconductor industry to moderate to about 10 per cent during 2005-2010. The forecast compares with average growth rate of 15 per cent registered during the three
        AFP  -  77 words
      • 76 17 AP [KUALA LUMPUR] Authorities have declared air quality to be unhealthy in two Malaysian districts after smoke from forest fires in Indonesia blew to several parts of the country. Malaysia's environment department said the air pollution index had breached unhealthy levels in Gombak, near
        AP  -  76 words
      • 69 17 Reuters [BEIJING] China will no longer regard the death toll in natural disasters as a state secret, Xinhua news agency said yesterday, presenting the step as part of government efforts to improve transparency. It gave no indication whether China would start retroactively
        Reuters  -  69 words
      • 73 17 Reuters [BRUSSELS] Millions of items of Chinese-made clothing that have been blocked at Europe's borders will start heading for the shops from tomorrow after the European Commission approved a plan for their release. European commissioners yesterday backed the plan, under which the European Union
        Reuters  -  73 words
      • 57 17 AFP [BEIJING] China National Offshore Oil Corp (CNOOC) yesterday said it plans to diversify its import sources for liquid natural gas (LNG). The company's deputy chief economist Zhang Weiping told a business conference in Beijing that the firm is looking at Indonesia, Malaysia and
        AFP  -  57 words
      • 65 17 Bloomberg [BEIJING] China's trade surplus was the third highest on record in August as export growth outpaced imports for the 10th month in a row. The surplus reached US$lO billion, compared with U5510.55 billion in July and U554.52 billion a year earlier, the
        Bloomberg  -  65 words
    • 446 17 [NEW DELHI] Ranbaxy sees itself among the top five players in the US generic drugs market soon mainly on the strength of a big-ticket acquisition that it appears poised to clinch, the Business Standard reported yesterday. At present, Ranbaxy is
      BLOOMBERG  -  446 words
    • 318 17 [NEW DELHI] Computer chip maker Intel has put off plans to set up a wafer-test-ing facility in India after the government expressed its inability to grant tax concessions to the company for a 15-year period, the Business Standard reported. "The company conveyed
      318 words
    • 585 17 Move to combine fertiliser, textile, financial services firms will lead to better use of cash Reuters [MUMBAI] India's Aditya Birla group said on Sunday it was merging its fertiliser, financial services, textile and retail companies into one diversified conglomerate to make better use of
      Reuters  -  585 words
    • 289 17 Reuters [KOLKATA] Tata Steel Ltd, India's largest private sector steel maker, will invest 1 trillion rupees (5538.2 billion) over 12-15 years to raise capacity to 33 million tonnes, a company official said last week. The firm will set up three greenfield steel
      Reuters; BLOOMBERG  -  289 words
  • Page 17 Advertisements
    • 740 17 PENTON INTERNATIONAL LIMITED (Company Registration Number *****3044 C, Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Third Annual General Meeting of Penton International Limited ("the Company") wHI be held at 80 Raffles Place, #24-21 A, UOB Plaza 2, Singapore *****4 on
      740 words

  • ASIA-PACIFIC/WORLD
    • 796 18 PROFILE The colourful media-savvy premier charms voters and beats back party old guard AFP JUST one month ago critics said Prime Minister Junichiro Koizumi was stubborn, obsessed and leading Japan's ruling party to oblivion. But the wily loner now looks like a political maestro. The third-generation
      AFP; AP  -  796 words
    • 521 18 Price for Skype Tech could rise to US$4.1b,based on its performance Bloomberg [NEW YOBK] EBay Inc, the largest online marketplace, has agreed to buy Skype Technologies SA for US$2.6 billion in cash and stock, entering the fast-growing market for making
      Bloomberg  -  521 words
    • 391 18 AFP [SEOUL] South Korea called yesterday for talks with North Korea on working out a lasting peace treaty to end five decades of Cold War confrontation on the Korean peninsula. It hopes to present the sensitive issue at inter-Ko-rean ministerial talks due to
      AFP  -  391 words
    • 370 18 AFP [SEOUL] South Korean semiconductor giant Samsung Electronics said yesterday it had developed the world's first 16-gigabit NAND flash memory chips using 50-nanometre technology. Samsung said the new memory chip can store data equivalent to 200 years of a 40-page broadsheet daily newspaper, 8,000
      AFP  -  370 words
    • 298 18 AP [SYDNEY] Australian television broadcaster Seven Network Ltd launched a landmark Asl billion (Ssl.3 billion) lawsuit yesterday against the Australian subsidiary of Rupert Murdoch's News Corp and other top media and telecommunications firms, alleging they conspired to bring down Seven's cable sports channel.
      AP; AFP  -  298 words

  • WORLD
    • 793 19 IN THE MEDIA It hires TV journalist to put up reports, slide shows, videos from conflict zones NYT [SANTA MONICA, California] Yahoo, in its first big move into original online video programming, is betting that war and conflict will lure new viewers. Lloyd Braun,
      NYT  -  793 words
    • 369 19 AFP [LONDON] The Guardian, the daily newspaper of leftleaning Britons, yesterday switched to an easier-to-handle mid-sized format with colour pictures on all its pages in a bid to woo back readers. It is the third "quality" national newspaper to downsize, but unlike The Independent and
      AFP; AP  -  369 words
    • 485 19 Reuters {NEW YORK] Next weekend The Wall Street Journal will embark on one of the boldest gambles of its 123year history. By Saturday morning a new edition of the traditionally staid newspaper will start landing on doorsteps, featuring not only financial
      Reuters  -  485 words
    • 288 19 Bloomberg [NKW YORKJ Oracle Corp agreed to buy smaller software maker Siebel Systems Inc for US$5.B5 billion to become the world's biggest seller of customer-service programs. Siebel investors will receive U5510.66 a share in cash or stock, Oracle said yesterday in a PR Newswire
      Bloomberg  -  288 words
    • 306 19 Chancellor Gerhard Schroeder said on Sunday he feels the winds are shifting in his favour one week before general elections. Although he still trails challenger Angela Merkel in opinion polls, he has halved the gap after winning a television debate with her this last week GERHARD SCHROEDER ANGELA
      Source: Burdestag,Wikipedia Reuters  -  306 words
    • 210 19 Bloomberg [LONDON] Nine out of 10 "squareeyed" computer users in the UK suffer fatigue from staring at screens which is characterised by eye strain, headaches and problems with vision, a survey found. Britons spend 128,780 hours of their working life, or three-and-a-half months a
      Bloomberg  -  210 words
    • 346 19 Reuters [BFRLIN] Challenger Angela Merkel may be unable to form a centre-right government after Germany's Sept 18 election as Chancellor Gerhard Schroeder's trailing Social Democrats (SPD) have made fresh gains, a poll showed yesterday. The voter survey by the Forsa institute for Stern
      Reuters  -  346 words
    • 333 19 AFP [BERLIN] German insurance giant Allianz announced on Sunday that it would spend 5.7 billion euros (Ssl 1.7 billion) in a total buyout of shares in its Italian subsidiary, Riunione Adriatica de Sicurita (RAS). Allianz is proposing a voluntary cash tender
      AFP  -  333 words
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  • AVIATION
    • 684 20 Budget carrier may announce at least one venture outside S'pore by end of this year: CEO Bloomberg [SINGAPORE] Tiger Airways Pte, a budget carrier owned by Singapore Airlines Ltd (SIA), said it will keep to its strategy of not adding a fuel
      Bloomberg  -  684 words
    • 197 20 AP [KUALA LUMPUR] Malaysia plans to install more closed-circuit television cameras at its main international airport to boost security because of an increase in thefts from passengers' baggage, a report said yesterday. Malaysia Airports Holdings Bhd will add 53 security cameras at Kuala
      AP  -  197 words
    • 202 20 Bloomberg [NEW DELHI] Jet Airways (India) Ltd, the nation's biggest domestic airline, said it plans to increase its borrowing limit by 38 per cent to 55 billion rupees (Ss2.l billion) to enable it to acquire planes from Airbus SAS and
      Bloomberg  -  202 words
    • 522 20 Its Delhi-Shanghai service is seen as boon for exporters [MUMBAI] Federal Express is targeting the booming trading partnership between India and China with the launch of air-freight services that will deliver cargo overnight for the first time between two of the world's fastest-growing economies,
      522 words
    • 251 20 AFP [HONG KONG] Hong Kong flag carrier Cathay Pacific Airways said yesterday its passenger numbers for August showed slower growth as high fuel costs weighed heavily on its business. The airline carried 1.42 million passengers in August, up 11.6 per cent from a year earlier,
      AFP  -  251 words
    • 385 20 AIRLINE CODES: AA: American Airlines (AAL), AF Air France (AFR), AI: Air India (AK), AY Finnair Oy (FIN), AZ: Alitalia Airlines (AZA),BA: British Airways Public Ltd Co (BAW), BG Biman Bangladesh Airlines (BBC), BI: Royal Brunei Airlines Sdn Bhd (RBA), BO Bouraq Airlines (BOU), BR EVA
      385 words
  • Page 20 Advertisements
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  • Page 20 Miscellaneous
    • 340 20 CRYPTIC CROSSWORD 1 Satisfactory account of mushroom board (10) HH j 8 Egg shell uproar of middle ages (4) p MO I 9 Taking off problematical de- T^T" sign runs (10) T I Run the young boy the 12 Friend did declare such twad- 15 Like Penny facing mixed sect
      340 words

  • SHIPPING
    • 544 21  -  Patrol vessels can chase pirates up to 5 miles into neighbours' waters By DONALD URQUHART [SINGAPORE] Hot pursuit may be coming to the Malacca Strait with patrol vessels from one littoral state allowed to chase pirates up to five miles into
      544 words
    • 299 21 AFP TKUALA LUMPUR] Malaysia yesterday said the Malacca Strait was safe for seafarers, playing down the fears of some regional governments which believe the vital waterway is a tempting target for terrorists. Transport Minister Chan Kong Choy said joint air patrols with Singapore, Malaysia
      AFP  -  299 words
    • 432 21 Bloomberg [OSLO] The cost of shipping oil from the Persian Gulf to refineries in Asia, little changed over the weekend, may rise for a third week as the pace of bookings for October accelerates. Formosa Petrochemical Corp, Taiwan's sole publicly traded oil
      Bloomberg  -  432 words
    • 208 21 Bloomberg [SINGAPORE] Oil-tanker demand may rise after members of the International Energy Agency (lEA) agreed to release oil and petroleum products from their stockpiles because of Hurricane Katrina, shipbroker Poten Partners said. The lEA, which advises member countries on energy policy, said two
      Bloomberg  -  208 words
    • 349 21 Reuters [BEIJING] A typhoon ploughed into China south of Shanghai, killing at least seven people, forcing the evacuation of more than a million and driving thousands of ships to port before weakening yesterday. A flood control official in the coastal city of
      Reuters  -  349 words
    • 295 21 SGX '000 Sep 12 SS Vol CH Offshore .0.42 0.01 416 ChuanHup 0 89 -0.01 2980 Cosco Corporation 2.52 -0.04 4657 CWT Distribution 0.75 0.02 82 Ezra Hldgs 1.44 0.01 447 Freight Links 0 08 unch 350 Grand Banks Yacht 0.94 0.01 78 Java Holdings 1.29 -0.02 808
      295 words
    • 57 21 [NEW ORLEANS] Cargo containers toppled by Hurricane Katrina sitting in the Port ofNew Orleans, Louisiana, last Saturday. As pumps slowly emptied New Orleans of the flood waters that turned it into a ghost town, the death count from the hurricane grew over the weekend, although to nowhere
      REUTERS  -  57 words
    • 182 21 Bloomberg [HONG KONG] Hutchison Whampoa Ltd, Cosco Pacific Ltd and other operators of southern China's Shenzhen port, the world's fourth-busiest, handled more containers for the sixth straight month in August because of expanding trade. Shenzhen processed 18 per cent more boxes in August at
      Bloomberg  -  182 words
    • 304 21 Operator cites expenditure on new terminal at Tilbury Bloomberg [LONDON] Forth Ports pic, which operates ports in London and Scotland, said first-half profit was unchanged as the company spent money to build a new terminal. Forth Ports plans to develop more than 400 acres
      Bloomberg  -  304 words

  • EDITORIAL & OPINION
    • 516 22 EDITORIAL "WE have destroyed the old LDP. It has become a new party," declared Japan's Prime Minister Junichiro Koizumi after his sweeping electoral victory. Mr Koizumi might have gone even further: he might have changed the nature of Japanese politics, perhaps forever. Consider the drama of recent
      516 words
    • 1187 22  -  Tuition fees escalate beyond citizens' means and good jobs upon graduation getting scarce By TIGER TONG IF the workings of a country can be compared to that of a human being, one can think of its physical infrastructure such as expressways, ports and buildings as
      AP  -  1,187 words
    • 826 22  -  THE BOTTOM LINE ANTHONY ROWLEY Tokyo Correspondent JAPANESE Prime Minister Junichiro Koizumi has proved himself to be a master political tactician by staking his all on a snap election which might easily have seen him ejected from office. Instead, he is in the position
      826 words
    • 889 23  -  Programmes for the personal and professional growth of their staff ensure they are able to attract and retain the best By JENNY LEONG CALL it the Midas touch. It is the secret behind organisations that possess a full house of employees trying to surpass themselves
      FILE PHOTOS  -  889 words
    • 831 23  -  LETTERS TO THE EDITOR Chong Heng Kang Singapore MY parents have been members of the Fair Price co-operative since before I was born and we have been having family debates and discussions on whether Fair Price (FP) should be listed. Initially, I
      FILE PHOTO  -  831 words
    • 164 23  -  Dharmendra Yadav Singapore I WAS very deeply touched by Buddhist monks mourning the unfortunate death of a Filipina maid at Orchard Road. Their act reflects the conscience of our nation. Likewise, 1 hope Singaporeans will follow the example of these monks. Many Singaporeans are shocked
      164 words


  • 2505 24 SGX XTRANET 52-Wk Td Last Vol Day Last Quote GrDrv Div GrYld Net MCap Wjli Low Code Cowpawy Sate W- rOOO) High Law layer Seler Cvr S P/E Snw) ********** 6065 Diamonds US*****cd 6095 IS DJ US Tech US3740 6097 IS MSCI Spore US555 6101 ISS&PSOO US8270 **********
    2,505 words
  • Page 24 Advertisements
    • 165 24 Trade US equity CFDs commission free" mKm Trading CFDs otters a flexible alternative to conventionally settled Why would you trade Contracts for Differences (CFDs)? mm full value trading. It is important to point out that CFDs are a nigh A A 1C c i> mm Access to Asian. US. UK
      165 words

  • 3396 25 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES to kxal curr lit In USS dy yr dy yr dy %yr S«p9 Inden Change CMnq» Change Ch-t.vj. i> <.-■}« Ci-inqt World nitte* Preliminary 5186 0.6 78 0.5 74 07 47 »(AH "ipliminary 87&2 0.5 '34 06 89 08 41 tuiope Preliminary *****
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  • Page 26 Advertisements
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      1,381 words
    • 792 26 IINTMASIA RORO SERVICE vpsa/vor mmfocn mmm pkc kch 10 sn jkt STRAITS VENTURE 19/05 15 3.2 15/09 18/09 22/09 25/09 27/09 STRAITS VENTURE 20/05 15 3.2 30/09 02/10 06/10 09/10 11/10 [STRAITS VENTURE 21/05 15 3.2 13/10 14/10 20/10 23/10 25/10 [AUSTRALIAN RORO SERVICE 1 VESSa/VOY RAMf(KT) I HBGHTCM) tO
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  • Page 27 Advertisements
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    • 1142 27 Fnrrmrcm vma WY sin to GOLDEN TRADE 513N 27/9 9 30/9 I CAFE SANTIAGO IOO6N I 4/1(1 I 5/10 I 7/10 I I I ~1~ I I •C*|HB-o«fSnwr -VSI cofcifl both Noftti West poit YBSEL VOY KG SIM HKG SHA TAP HSK VBSa VOY SIN PKG CMB JEA WESTBtMOOI 21E
      1,142 words
    • 945 27 W '3® If A WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICD POINTS VESSEL VOT SIN P.KLANCI COIOMIO N. SHEVA I (OIOMIO RAJIV GANDHI 0096W IS SEP OMIT OMn SEP 25 SEP HQIA PfRTAMA YPWO23 19 SEP 20 SEP 23 SEP 26 SEP 29 SEP MC
      945 words

  • THE BUSINESS TIMES SHIPPING TIMES
  • Page 28 Advertisements
    • 748 28 uSa# wallenius wilhelmsen websife: http://www.2wglobal.com VESSEL "VPY RAMP HEIGHT SIH IK ~MAP~ HOW ~MIA S*Y lAI ORF MYC WW MOB HXAS AFS2S 420T00s 6.4 M 13/09 10/10 19/10 23/10 28/10 26/10 TAMERLANE AF526 320 Tons 6.4 M 28/09 21/10 30/10 03/11 07/11 OS/U TAIKO AF527 420TMS 6.4 M 04/10 30/10
      748 words
    • 612 28 VESSEL VOY SIN PCU VtSSfl VOY SIM JUT CSF 2301 0173P 15/09 16/09 PAC 6AU 4163 12/09 IS/OS PACIANDA Zmm 16/0? 16/0?_ "COjNTAN 9316 WN 20/g CSF 2301 O]74P 17/0? 18/09 LgMjAU Lili* 19/09 22/09 r»C lANDA 1559N IZ/O? 17/09 PAC lANDA 1560W U/0? 19/09 EUMUMIiI iUAjfaUM CSF 2301 O]75P
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    • 432 28 BSA x o MYANMA WBm FIVE STAR LINE (Myanmar National Line) Loading for Yangon VESSEL VOY SIN PKL PEN PGU PAGAN 348W SU) PAGAN 349W SU) IN MALAYSIA: IOUSTEAD SHIPPING AGENCIES KUI/PKL 03-*****388 PEN: 04-*****1S ACCEPTING CONVENTIONAL CGO VESSEL VOY HKG SIN PGU PKL KUC MARINE STAR 74 SU) SU)
      432 words


  • PROPERTY
    • 525 30 Move comes after strong response at launch of Metro Town home project Bloomberg [HONG KONG] Cheung Kong (Holdings) Ltd, Hong Kong billionaire Li Kashing's flagship real estate developer, plans to increase prices for its Metro Town project by about 6 per cent,
      Bloomberg; REUTERS  -  525 words
    • 437 30 Residential buyers mostly foreigners; locals wary of job security shy away RESIDENTIAL property sales have yet to warm up after the end of the "Hungry Ghosts" month on Sept 3,. mainly because of a lack of new launches. But activity is
      437 words
    • 525 30 Xinhua [KUNMING] The developer of Aladdin Garden, one of the many housing projects being constructed in the Panlong District of Kunming City in southwest China's Yunnan Province, is having hard times. Forced to drop the exotic name, they renamed the real estate
      Xinhua  -  525 words
  • Page 30 Advertisements
    • 442 30 PRESTIGIOUS BRAND NEW BUNGALOW HOLLAND PARK BANK'S AUCTION 21/9/05 Hill-top 2-sty bungalow 2 basements s/pool+ jacuzzi Land ***** sq ft, F'hold Spacious 7 I bedrooms (all attached) Modern architecture with cascading _TT f s waterfall Served by I lift ■jjSL,-► l| Tranquil surrounding flHVMpr* greenery JANSEN ROAD, Off Upper Serangoon
      442 words
    • 159 30 Prime Residential Redevelopment Site in District 15 St Patrick's View St Patrick's Road Site area: 7,712.25q m (83,013 sq ft) I, MP 1958 1980 Equivalent Plot Ratio "ff I V of 1.372 W- 1 St Patrick's MP 2003 Plot Ratio of 1.4 CHI) g> IKm to Katon 9) Primary, 'iilWlS®''®®
      159 words
    • 115 30 USE Debenham lljllTie Leung NOTICE OF CESSATION OF AUTHORITY Mr Fazlur Rahman Bin Kamsani of NRIC No: *****050E has left his employment with DTZ Debenham Tie Leung (SEA) Pte Ltd on 31 August 2005. Thus with effect from 1 September 2005 shall have no authority to represent nor carry out
      115 words