The Business Times, 20 September 2005

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Total Pages: 32
1 32 The Business Times
  • 17 1 THE BUSINESS TIMES MICA (P) 089/03/2005 Tuesday September 20,2005 SINGAPQBE 85 cents- online at http://business-times.asia 1 .co(n.sg
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  • 848 1  -  By MICHELLE QUAH [SINGAPORE] Reprieve has come for beleaguered Citiraya Industries at the 11th hour it secured two big-name investors just days before a petition to wind up the company was to be heard. The scandal-ridden waste recycler announced late
    PHOTO: ST  -  848 words
  • 134 1 sn 2,298.50 (-7.88) ST INDEX FUTURES 2.299.00 (-8.00) siMsa 271.96 (-1.64) SIMSa FUTURES 272.70 (-0.90) MARKETS Monday Change KISECOMP 923.27 +1.28 NIKKEI 225 closed HANG SENG dosed SET INDEX 708.96 40.72 JAKARTA COMP 1,066.59 +9.86 MANILA COMP 1,928.09 +18.29 SEOUL COMP dosed SHENZHEN 8 234.19 +2.04 MUMBAIIND 8,444.84
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  • 765 1  -  Up to 20 buildings could be turned into apartments By KALPANA RASHIWAIA [SINGAPORE] Up to 20 ageing office blocks In the Central Business District could be redeveloped into apartments over the next 10 years as owners seek to unlock value in the face
    ARTHUR LEE  -  765 words
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  • TOP STORIES
    • 640 2  -  Balakrishnan cites growing interest in new refining investments By RONNIE LIM [SINGAPORE] Although high oil prices pose a challenge, strong demand for oil especially in Asia spells significant economic opportunities for Singapore, Second Minister for Trade and Industry Vivian Balakrishnan said yesterday.
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    • 215 2 IN our Sept 17 report, "NKF lays off 92 to match reduced fund-raising work", we said that the foundation has about 300,000 monthly Life Drops donors who contribute $1.7 million a month. We obtained the figures from interim chairman Gerard Ee at a press briefing. NKF has-clarified
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    • 544 2 RTC owner sweetens offer to all members RAFFLES Town Club Pte Ltd has sweetened its payout deal. The company, which owns Raffles Town Club, yesterday offered to pay all eligible members $1,000 in cash and another $2,000 in food and beverage vouchers. TOP STORIES, PG 3 Firms find
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    • 512 3  -  RAFFLES TOWN CLUB SAGA By UMA SHANKARI [SINGAPORE] Raffles Town Club Pte Ltd (RTC Pte Ltd) has sweetened its payout deal. The company, which owns Raffles Town Club (RTC), yesterday offered to pay all eligible members $1,000 in cash and another $2,000 in
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    • 600 3  -  S'pore Corporate Awards to consolidate two existing awards By CHEN HUIFEN [SINGAPORE! Publicly listed companies here will soon have their own version of the Oscars with a red carpet and the highest accolades for the stars of corporate governance. The Singapore Corporate Awards
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    • 704 3  - Firms find training useful but spending less on it By DANIEL BUENAS [SINGAPORE] Although most Singapore companies believe training boosts productivity, quality and customer satisfaction, the average amount spent per employee on training has fallen more than* 30 per cent since 2002, a Ministry of Manpower (MOM) survey has found.
      Source:  -  704 words
    • 568 3  -  UCLA-NUS course well placed to tap regional boom By DANIEL BUENAS [SINGAPORE] More and more students are seeking to get masters' degrees in business administration but the demand is coming increasingly from people who are already operating in the business world, according
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  • Page 2 Advertisements
    • 525 2 2005 Financial Reporting Standards Who Should Attend There are substantial changes to Financial Reporting Standards applicable from 2005. These seminars are essential for chief Many of these changes result from Singapore's adoption of new/revised International financial officers, financial controllers and Financial Reporting Standards for 200 S. KPMG is holding a
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    • 127 2 i jldfci' <■ ♦tr.'':-V.»,2W- i- 7rHT <***» "'-'\y'' 4 *3*^' 3i M*"" PHIHHM«|Hr r y; an i of culture and cuisine fa at Si Chuan Dou Hua |L With the opening of a newly refurbished Si Chuan Dou Hua and its companion Tian Fu Teahouse, your gourmet outings will never
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  • Page 3 Advertisements
    • 111 3 Terms and Conditions: "Fares do not include taxes, fees and fuel surcharges. Travel is from Singapore in economy, valid on British Airways and Qantas flights. Fares are valid for year-round travel, subject to availability, seats are limited and may not be available on every flight. Fare conditions for destinations differ,
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  • COMPANY NEWS
    • 684 4  -  Telco downgrades earnings forecast due to fierce rivalry in Australia By ANGELA TAN SINGTEL shares took a hit yesterday on news that the telco has downgraded its full-year earnings forecast as a result of fiercer than expected mobile-phone rivalry in Australia. In its first
      FILE PHOTO  -  684 words
    • 389 4  -  By WONG WEI KONG TWO of the oldest companies on the Singapore Exchange (SGX) Hotel Malaysia and Central Properties will be finally delisted tomorrow. Following the delisting of Goodwood Park Hotel last December, this will mark the passing of the listed group
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    • 204 4  - ComfortDelgro's chairman gives 1m shares to daughter By MICHELLE QUAH COMFORTDELGRO's non-executive chairman Lim Jit Poh, who holds directorships in various listed companies, has transferred shares worth almost $1.5 million in the land transport group as a gift to a daughter. Yesterday's transfer of a stake of 0.05 per cent
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    • 738 4  -  HOCK LOCK SIEW By VEN SREENIVASAN THE long tug-of-war for Vantage Corp is finally over, with the controlling shareholder and chief executive of the cash-rich shell company outbidding rival offers from Simon Cheong and Stanley Tan. As at the beginning of this
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    • 518 6  -  Move prompted by top management changes at Guangxi Yuchai By MICHELLE QUAN PLANS by Hong Leong Asia (HLA) to divest a troublesome China subsidiary are reportedly under review— an unexpected move that could spell good fortune, analysts say. Chinese media have reported a
      518 words
    • 354 6  -  By AMIT ROY CHOUDHURY MAINBOARD-LISTED Biosensors announced yesterday that it has been granted a US patent for the technology behind its drng-eluting stents (DBS). According to Biosensors' chairman and CEO, Yoh-Chie Lu, the patent granted by the US Patent and Trademark office covers
      354 words
    • 756 6  -  CORPORATE PROFILE CHLOE CHOY meets Kris Wiluan, head of one of Indonesia's biggest oilfield players CHLOE CHOY HE MAY be the president and chief executive officer of Citra Tubindo one of Indonesia's largest oilfield companies but little seems to be
      ARTHUR LEE  -  756 words
    • 445 7  -  They are in textiles, power plants, plastic pipes and corn products By LESLIE YEE FOUR China plays are headed this way as they seek toJist on the main board of the Singapore Exchange (SGX) through initial public offerings. MPC Holdings, Sinopipe Holdings
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    • 233 7 PUBLISHING group Sun Business Network yesterday announced that it is selling some of its publishing assets in China and Singapore to Nasdaq-listed SE Global Equities Corp for US$BO million. The sum will be paid by an issue of 26.7 million new postconsolidated SE
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    • 321 7  -  IPO WATCH By CHEN HUIFEN THE mainboard of the Singapore Exchange could soon see the entry of another healthcare player with Pacific Healthcare Holdings recently lodging its preliminary prospectus with the Monetary Authority of Singapore. The company, which was started by three doctors in 2001,
      321 words
    • COMPANY BRIEFS
      • 69 7 PROPERTY group Keppel Land is selling SSI 50 million worth of five-year bonds which will raise funds for the firm's general corporate needs, Reuters quoted a Basis Point report as saying. The report, which cited sources, said the bonds will be issued
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      • 68 7 DEL Monte Pacific yesterday announced that its joint managing director Fabio Matarazzo Di Licosa, who is also chief executive of Del Monte Philippines (DMPI). Great Lakes (Tianjin) Fresh Foods and Juice Co Ltd and Del Monte Foods India, will assume an additional post
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      • 84 7 WATER treatment company Hyfiux, responding to a report by Bloomberg that said that the company expects sales from India to account for as much as 20 per cent its total sales in about two years, clarified yesterday that the 20 per cent figure was
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    • 447 9  -  CSE in sale and leaseback deal with firm linked with venture capitalist By ALEXANDRA HO A $7.5 MILLION property deal announced yesterday demonstrates that venture capitalist Finian Tan is working towards establishing his planned independent real estate investment trust (Reit). In June,
      FILE PHOTO  -  447 words
    • 173 9 SESDAQ-LISTED ArianeCorp's telecommunication unit in China, Guangzhou Ariane Telecom Technology (GAT), has agreed to set up a joint venture with stateowned China Satellite Communication Corp to develop and operate a "push to talk" (PTT) digital trunking mobile communication system using GAT's fibre optic network.
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    • 281 9 TCC Capital Land, the joint venture between Singapore's Capita Land and Thailand's TCC Land, has bought two prime freehold residential sites in Bangkok worth 1.33 billion baht(Sss4.s million). That takes the joint venture company's number of projects in Thailand to 20, with
      281 words
  • Page 4 Advertisements
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  • Page 5 Advertisements
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  • Page 6 Advertisements
    • 410 6 ff\ Don't take chances. 2 CC thing today. There's never been a better time to start enjoying Othe advantages of genuine Microsoft* Windows* and Microsoft Office® software. You'll get reliability, security and performance for your business, with great affordability. Get genuine Microsoft software and enjoy the following benefits: Puce of
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  • Page 7 Advertisements
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  • SINGAPORE MARKETS
    • 485 8  -  STOCKS Brisk trading in small cap sector as UOB Sesdaq Index touches a seven-month high TEH HOOI LING Senior Correspondent THE Straits Times Index fell below the 2,300 level yesterday, dragged down by a profit warning from index-heavy-weight Singapore Telecommunications. The STI ended 0.34 per
      Source:  -  485 words
    • 506 8  -  TRADES TO WATCH By DANIEL BUENAS ABOUT one week after moving to within a whisker of triggering a general offer for mainboard -listed property giant United Industrial Corp (UIC), Filipino tycoon John Gokongwei has again raised his stake in the company. Telegraph Development,
      506 words
    • Article, Illustration
      430 8 OTHER SINGAPORE INDICES Sep 19 VALUE CLOSE »T OB/OS 106.00 +54.00 BTCADt -*****.00 -35.00 IT 10-day MA -*****.00 ->>11.00 AH-SG Equities 588.52 -3.50 SG Equities Elect 137.64 -1.38 SG Equities Hn 1654.26 +0.85 SG Equities Prop 687.20 -0.34 SIMSCI 271.96 -1.64 SiMSCI Futures 272.70 -0.90 MOST ACTIVE STOCKS VOLUME MediaRing
      430 words
    • Article, Illustration
      314 8  -  Compiled by UMA SHANKARI g9W Bui SIIA rm WiW cticalupsand d f' j, STX generates 75 per centof Its* dry-balk sales from the spotmarket and 25 per cent from contracts. With such amix, i*& *tte to exploit price differentials in the various .commodity mazfcets. Our view is that
      Source: Bloomberg  -  314 words
    • 542 8  -  CURRENCIES LARRY WEE Senior Correspondent THE euro and New Zealand dollar suffered the worst effects of inconclusive elections last weekend, tumbling more than one per cent each in Asia yesterday even as gold soared to a fresh 17-year high, and the greenback
      Source:  -  542 words

  • Page 9 Advertisements
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    • 31 9 J/^ h y/ I THE BEGINNING On September 12, trading began on the floor of NYMEX Europe f resonating with the roar of open outcry that's distinctly NYMEX. ss NYMEX EUROPE
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  • SINGAPORE NEWS
    • 482 10  -  YESTERDAY IN PARLIAMENT 87% of individual depositors to be fully protected Reports by CHUANG PECK MING PARLIAMENT yesterday gave the green light for a deposit insurance plan that will provide full protection for about 87 per cent of individual depositors should their bank go under.
      FILE PHOTO  -  482 words
    • 389 10 SINGAPORE'S economy remains on track to grow 3.54.5 per cent this year despite the worldwide effects of Hurricane Katrina and the latest spike in oil prices that came in its wake, according to Minister for Trade and Industry Lim Hng Kiang. "Economic
      389 words
    • IN BRIEF
      • 159 10 THE number of dengue cases has hit new highs even as steps are being taken to suppress mosquito breeding. Last Friday, a high of 10,237 was recorded, including 318 Dengue Haemorrhagic Fever (DHF) cases, Yaacob Ibrahim. Minister for the Environment and Water Resources, said. "There
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      • 112 10 EXTENDING the retirement age itself has made little impact on the employment of older workers, according to the Ministry of Manpower. Hawazi Daipi, Senior Parliamentary Secretary for Manpower, said yesterday in Parliament that if the fundamental issues relating to the employment and employability of
        112 words
    • 555 12  -  NeW maths expression for double black holes phenomenon found By MATTHEW PHAN ASSOCIATE Professor Edward Teo should be used to being in the limelight by now—the young scientist's works have been published. in 19 international journals and cited over 150 times, including in a
      ST/JOYCE FANG  -  555 words
    • 219 12 SINGAPORE'S largest broadcaster MediaCorp yesterday announced net after-tax profits of $45 million for the fiscal year ended March, up 77 per cent from last year's $25.4 million. The increase came partly from gains from exceptional items of $10.7 million, compared to $6.7 million the
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    • 316 12  -  Republic is first stop of 3-country SE-Asia tour By JEAN CHUA CHINA'S vice-premier and trade negotiator Wu Yi arrived in Singapore yesterday—the first stop of a three-country South-east Asian tour. During her three-day visit here, Ms Wu will attend the second annual
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    • 251 12  -  By CHEN HUIFEN THE Nanyang Technological University (NTU) and the National Heart Centre (NHC) have teamed up to develop cardiovascular devices. Under a memorandum of understanding signed yesterday, NTU's School of Materials Science and Engineering will develop the technology and devices, and
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  • Page 10 Advertisements
    • 40 10 ENVIRONMENT MATTERS: The broader business perspective. I The fastest growing international publication among Asia's business elite is the International Herald Tribune. They rely on it to explain the science and politics behind the global environmental changes that shape their business.
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    • 12 10 The Straits Times Recruit The first step oh your ladder to success
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  • FORWARD-THINKING CEOS
    • 810 11  -  Cortina's Jeremy Lim has set himself a new challenge to corporatise the luxury watch retailer, reports UMA SHANKARI UMA SHANKARI WHEN he first started working for luxury watch retailer Cortina, regional general manager Jeremy Lim says that he experienced a "culture shock". "I was an auditor
      ARTHUR LEE  -  810 words
    • 340 11  -  By UMA SHAMKAM THE watch business is intensely competitive such that watch group Cortina Holdings has to differentiate itself through aggressive branding, according to regional general v manager Jeremy Lim. Besides ever-increasing competition, another issue that watch retailers have to contend with is the consolidation between
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  • Page 11 Advertisements
    • 268 11 Inspire the Next A r^B V I Hitachi profrctors wdl pre—nt you perfectly. Conducting dynamic business is never easy. You may be initiating ground-breaking J| I research, identifying hard to spot opportunities, or even formulating that could save your client small fortunes. 1 But how do you get your dynamic
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    • 15 11 ThkMrtek brought to you by: HITACHI Inspire the Next Hitachi LCD Projectors TO6fK tou rerrecuy.
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  • Page 12 Advertisements
    • 87 12 I I tfl Hgfl 8.. *.^B Stdy dt home When you re OVerSedS Being frequently away on THE STRAITS TIMES INTERACTIVE business doesn't mean you have to be disconnected from home. With the power of The Straits Times Interactive the latest news, anytime, anywhere. (STI), you can always keep yourself
      87 words

  • SMEspotlight
    • 716 13  -  Surprisingly it is not better credit terms and better interest rates, according to a survey. NANDE KHIN reports NANDE KHIN SMALL and mediumsized enterprises (SMEs) have often been thought of as cash-h'un-gry businesses that choose banks primarily based on their willingness to extend large amounts
      Source:  -  716 words
    • 490 13  -  By UMA SHANKARI STILL using a cheque to settle your bills? Well, you're well behind the times, according to one Mastercard executive. Steve Abrams, senior vice-president for corporate payment solutions at Mastercard International, is firm in his belief that the best way to manage a
      FILE PHOTO  -  490 words
    • 319 13  -  By NANDE KHIN THE SME Credit Bureau an online platform which stores a database of local enterprises and their credit history has gone live, and companies and financial institutions can now get almost instantaneous credit reports on potential partners and customers. The bureau (www.smecreditbureau.com.sg)
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    • 1086 14  -  Producing and designing synthetic rubber products is a blend of science and art, discovers RACHEL LIN RACHEL LIN FOR those of you who cannot see how rubber and art can possibly mix, Rayco Technologies will show you how. Next to a display of the
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    • 2864 14 UNIT TRUSTS FUNDS <*-EuropariraesJEq.) 96-2461/ OUdMB RM*I M» MtaUMMBM GIQobJoond/* 1463/ StvEuapeGqtyl** 035* CMtafc»*n»ULM« .<*****X*****5 Star Euope land \ZA Star Euape W 1.19* CHHndS>»»A/$ 1-292/ Star AsanTiger 1357/ adfcndSporel/J 1343/ S*/keloid— 133* CMMaMySGOQMA 1.0302/ SarMalatand 1j(B2/ CUMonnrStoglMMCtal 13B7F Star Gkbal Technology Fond)** 0203/ 0«f»v€wnptb»*fFt«d 131/ S»*»Fraic»J*anFimd!** 016* OjB«j»a**JjS«ad 14» MuMSIFd
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    • 728 15  -  It's a costly mistake to leave succession planning till the inevitable departure of the entrepreneur. KEOY SOO EARN explains KEOY SOO EARN IT is not an understatement to say that leadership succession planning is inevitable and a "must-have" for enterprises in order to
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    • 346 15  -  By TEH HOOI LING OUR small cap portfolio did fairly well, outpacing the Straits Times Index by about one percentagepoint in the last month or so. It gained 1.7 per cent compared with the STl's 0.8 per cent rise. However, it didn't manage to keep up
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    • 436 15  -  By RACHEL LIN DARCO Water Technologies has proved that it knows how to survive the pitfalls of foreign ventures after its foray into the Chinese municipal market hit a serious snag. Since its founding in 1999. Darco has mainly been involved in water
      436 words
  • Page 13 Advertisements
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  • Page 15 Advertisements
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    • 1384 15 TEE INTERNATIONAL UMITED {Company Registration No: *****7107 D] (Incorporated in the RetuiNk ol Singapore) NOTICE OF FIFTH ANNUAL GENERAL MEETING CORRIGENDUM Further Id tie Nottoe d Fifth Annual General Meeting d TEE international Limited which waa published In The Buelnoes Tlmee on 14 September 2006, toe Compeny would Bie to
      1,384 words

  • ECONOMY WATCH
    • 364 16 Reuters [NEW YORK] The US Federal Reserve's pronouncement this week will be a test for emerging debt markets, which have seen risk spreads decline to' all-time lows despite growing inflation fears in the world's biggest economy. The Fed is expected to raise
      Reuters  -  364 words
    • 485 16 Output affected by Katrina, production problems in Egypt Nigeria, Australia Reuters [LONDON] Spot liquefied natural gas prices have surged to record highs as Hurricane Katrina hit US natural gas output while LNG projects in Nigeria, Australia and Egypt suffer production problems. An LNG cargo
      Reuters  -  485 words
    • 785 16 Bloomberg [NEW YORK] Gold, trading at its highest price since 1988, shows no sign of retreating as production fails to keep pace with jewellery demand and investors buy bullion for a hedge against inflation, a Bloomberg survey showed. Some 34 of 49
      Bloomberg; AFP  -  785 words
    • 519 16 Loans could reach about US$10b, lifting spending to 40% of total lending Reuters [WASHINGTON] The World Bank plans to increase funding for infrastructure projects in developing countries by US$l billion a year over the next several yearg, according to a bank report The plan, to'be
      Reuters  -  519 words
  • Page 16 Advertisements
    • 90 16 to It— todlHOTSttyl»mqulr»d. T -jr c A s^owcase of the latest in technology and innovation, the Enterprise Exchange J ml'- J is a global bazaar abuzz with activity and excitement. With over 200 international #f# 4*l m m u,, companies participating and activities happening daiiy on HOTStage, this Exchange Hi
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  • MALAYSIA/INDONESIA
    • 658 17  -  He claims 'all sorts of onerous conditions' are imposed on his application for 500 permits By S JAYASANKARAN in Kuala Lumpur A LAWYER is taking the Malaysian government to court to demand that he be given approved permits to import cars. The
      658 words
    • 697 17  -  INDONESIA INSIGHT Bapepam has failed to protect investors and must make amends now SHOEB KAGDA Jakarta Correspondent INDONESIA'S mutual fund industry is in a state of meltdown following massive redemptions over the past six months. As with the steep plunge in the rupiah
      697 words
    • 485 17  -  By PAULINE NG in Kuaia Lumpur THE billion-ringgit privatisation of the management of water supply operations in Selangor, Kuala Lumpur and Putrajaya must have initially appeared lucrative to Syarikat Bekalan Air SB"langor or Syabas. But its executive chairman, Rozali Ismail, said yesterday the return
      485 words
    • 442 17 Minister says govt will continue to spend and have a Budget deficit Reuters [BANGI, Malaysia] Malaysia will not aggressively attempt to balance its Budget, and the government will continue to spend to avoid a "severe contraction" in the economy, the Economic Planning
      Reuters; AP  -  442 words
    • 2201 17 SaplS m w- dm S010 OJO ail Geefgettni————OiO unch 48 ASMRaalty 143 unch 0 GHLtyrtans 0.12 -002 1649 Abric OJ3 unch 64 GicfcatrortaTaCh AX unch 807 ACPIndgflh*__ 0*5 003 94 GlomacShd 1J1 -001 IB Mi.mftMMU 0J7 unch 29 GaidMdgalnM OM unch M AOmrnJUn, 029 unch 40 GaMan Hap*
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  • GREATER CHINA
    • 394 18 He said China no longer opening up market to int'l media companies AFP [BEIJING] News Corp chairman Rupert Murdoch has accused authorities in Beijing of being paranoid after admitting plans to develop his empire in China have "hit a brick wall", the Financial
      AFP; REUTERS  -  394 words
    • 681 18 AFP [BEIJING] China National Petroleum Corp's (CNPC) US$l.4 billion acquisition of the Ecuadorian oil assets of Canada's EnCana Corp last week highlights the country's unrelenting and increasing, thirst for gyAndes Petroleum, a joint venture between state-run companies CNPC, Sinopec and Sinochem,
      AFP; REUTERS  -  681 words
    • 437 18 Reuters AP [TAIPEI] Taiwan Business Bank's chairman has tendered his resignation over the bank's failure to complete a share sale, the bank said yesterday. The Taiwan government's plan to privatise the country's lOth-largest bank, in which the state holds 43 per cent, has sparked
      Reuters; AP  -  437 words
    • 337 18 Reuters [TAlPEl] Taiwan's Acer said yesterday iLAtmed to become the world's thirdlijsest PC vendor with a 10 per cent Bfe in three years as it tried to repUoQs its success in Europe in the US and Chinese markets. Acer, which unlike
      Reuters  -  337 words
  • Page 18 Advertisements
    • 1867 18 .Xo/iccs «ROTOL SINGAPORE LTD (Incorporated In tie Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Mooting of ROTOL SINGAPORE LTD (the "Company") wM be hatd at 17Tuaa Avenue 0 Singapore *****7 on 5 October 2006 at 10 a.m. tar the purpoee of
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    • 25 18 ETii] I No more I I high bids I I for coffeeshops I I operating costs I I I I I •i.'M 41 i M
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  • INDIA
    • 622 19 Sensex sets fresh record of 8,444.84 on wave of money from abroad AFP Reuters [NEW DELHI] The future course of India's booming stock market will depend on the behaviour of foreign institutional investors (FIIs), the Economic Times of India says in a report. However, brokers
      AFP; Reuters  -  622 words
    • 299 19 Reuters [SYDNEY] Global mining heavyweight BHP Billiton Ltd Pic said yesterday that India holds the potential to emerge as the world's third top supplier of iron ore to steel mills, but needs to repair its fractured industry. India already mines more ore than
      Reuters  -  299 words
    • 143 19 Reuters [MUMBAH chin* Mobile (Hong Kong) has offered to buy India's Reliance Telecom Ltd, a small GSM mobile phone services operator, die Economic Times reported yesterday. The paper said in an unsourced report that officials of China Mobile, world's biggest mobile carrier by subscribers, had
      Reuters  -  143 words
  • Page 19 Advertisements
    • 326 19 Introducing The Business Times-NTU Annual Competitiveness Ranking for 35 Incfian states and union territories India is one of thewodd's Jastsat Ws believe this conference wW Pubfc tMaaaa offftl»J»atoa» growing economies but it is also prove invaluable for Inveetora, Tim— NTUAfWi*CjJB|Jp»i I) a very diverse country with huge business people, policymakers
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    • 1719 19 MWnnTTWIWMIMBMMriih ISi iif ilitimmuiH&ii? Willi Mi' ADVANCE SCT LIMITED Registration No. *****4283 C (Incorporated in Singapore) NOTICE IS HEREBY GIVEN that the First Annual General Meeting of Advance SCT Limited will be held at 5A Tech Park Crescent, Singapore *****8 on Thursday, Bth October 2005 at 10.00 am. for the
      1,719 words

  • ASIA-PACIFIC/WORLD
    • 507 20 Slide driven by fears of ruined tax and labour market reforms Reuters Bloomberg [BERLIN] The euro tumbled and German shares slid yesterday after Germany's general election gave Angela Merkel's conservatives a victory so tight that Chancellor Gerhard Schroeder refused to concede defeat.
      Reuters; Bloomberg  -  507 words
    • 322 20 Bloomberg [LONDON] "Functional psychopaths" make the best investment decisions because they can't experience emotions such as fear, a study by Stanford Graduate School of Business showed. Fear stops people from taking even logical risks, meaning those who have suffered damage to areas of the brain affecting
      Bloomberg  -  322 words
    • 553 20 Reuters [LOS ANGELES] ABC capped a rebound year with six Emmy Awards on Sunday for-hit shows including Lost and Desperate Housewives, but it was Time Warner's HBO that won the most awards seven at US television's top honours. Walt
      Reuters  -  553 words
    • 307 20 [LONDON] Almost one in three executives who took part in a survey by Financial Times and the Finance Directors' Forum had received at least one job approach from private equity in the past year. It said the figure topped 60 per
      307 words
    • 587 20 Foreign powers will give aid, security guarantees NYT Reuters [BEIJING] North Korea agreed yesterday to end its nuclear weapons programme in return for security, economic and energy benefits, potentially easing tensions with the US after a two-year stand-off over the North's
      NYT; Reuters  -  587 words
    • 317 20 Reuters [TOKYO] Isao Nakauchi. the maverick founder of the ailing Daiei supermarket chain who turned a single drug store into Japan's largest retail empire before debts finally brought it low, died yesterday aged 83, the company said. He had been undergoing medical treatment following
      Reuters  -  317 words

  • WORLD
    • 553 21 Reuters [NEW YORK] The new chairman of the Securities and Exchange Commission, Christopher Cox, plans to implement a controversial rule that would apply a stronger government hand to the trillion-dollar US hedge-fund industry, the Wall Street Journal reported yesterday. He also
      Reuters; BLOOMBERG  -  553 words
    • 436 21 Outfit will have US$30m over 2 years to develop ways to foil movie pirates AP [LOS ANGELES] The six major Hollywood studios, hoping to gain more control over their technological destiny, have agreed to jointly finance a multi-million-dollar research laboratory to speed the
      AP  -  436 words
    • 585 21 Cash and stock deal lands Deutsche the world's biggest logistics provider Bloomberg NYT {FRANKFURT] Deutsche Post yesterday agreed to buy the UK's Exel for £3.7 billion (Ssl 1 billion) in cash and stock. Exel is the world's largest logistics provider, or contractor handling
      Bloomberg; NYT  -  585 words
    • 389 21 [NEW YORK] Wall Street investment bulks that are on track to report record earnings this year face a high-class dilemma: should they buy back shares to boost return on equity (ROE) or can they find enough opportunities to build businesses that will produce
      389 words
    • 257 21 Reuters [SAN FRANCISCO] Computer hackers seeking financial gain rather than thrills or notoriety are increasingly flooding the Internet with malicious software code, according to a semi-annual report issued on Sunday. Symantec Corp's Internet Security Threat Report said during the first half
      Reuters  -  257 words
  • Page 21 Advertisements
    • 237 21 RRHiiHBiHnHHnBHRHAiWtJfIHIiI Diners Club Card r.< w fc«jr64i6o9Bo A World of Exchurive Privilege* Treat* Diners Club £>y www.cbnerw.com*, Experience an H irresistible brew of culture and cuisine at Si Chuan Dou Hua With the opening of a newly tefurbished Si Chuan Dou Hua and its companion Han Fu Teahome, your (ounnet
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    • 129 21 SKS (Ship) LTD. An ISO Certified owner of Tug Barges based In India want to open a branch at Singapore for which a Branch Manager is required. He will be fully responsible for Marketing, Operation, Maintenance etc. A Master Mariner Person with at least 10 years experience in operating Barges
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  • AVIATION
    • 657 22 Merging airline staff often difficult; marriages often don't cut costs [NEW YORK] When US Airways won approval last Friday to exit bankruptcy and join America West to form a new discount giant to take on the likes of Southwest Airlines, it marked
      AP  -  657 words
    • 238 22 Xinhua [JAKARTA] National flag carrier PT Garuda Indonesia has made a contract worth US$2 billion to buy 28 new aircraft from the US jet-maker Boeing Co, a local newspaper reported last Saturday. The contract is a renegotiation of previous contracts signed since the
      Xinhua  -  238 words
    • LOG BOOK
      • 78 22 AFP [SINGAPORE] Jetstar Asia, a Singapore-based budget carrier backed by Australian flag carrier Qantas, will launch services to Phuket from Oct 25, further heating up competition in the sector. The low-cost carrier, which will fly to the Thai resort four times
        AFP  -  78 words
      • 55 22 AFP [HANOI] Thai Air Asia, a subsidiary of Malaysia-i)ased budget carrier Air Asia. will launch daily Bangkok-Hanoi flights from Oct 17. Seats will go on sale from Sept 23. Thai Air Asia wants to start flights to other cities in Vietnam but these plans
        AFP  -  55 words
      • 91 22 Reuters [BERLIN] British low-cost carrier easy Jet aims for double-digit growth in Germany to boost its market share to 20 per cent, a paper quoted the German chief executive as saying last Saturday. "Last year across Europe, we had a 20 per cent share
        Reuters  -  91 words
    • 307 22 Reuters Bloomberg [KUALA LUMPUR] Flag carrier Malaysian Airline System said yesterday that it aimed to cut its fuel bill by 10 per cent this fiscal year, putting into action an ambitious five-year plan to reach profitability. "It's a very
      Reuters; Bloomberg  -  307 words
    • 229 22 Bernama [MELBOURNE] Pilots on a Malaysia Airlines Boeing 777 from Perth to Kuala Lumpur battled to gain control of the plane last month after an unknown computer error caused the aircraft to pitch violently and brought it dose to stalling, an Australian Transport Safety
      Bernama  -  229 words
    • 1435 22 rU^m 1145 ||3| IJ D«*« Q«626 1 230 0*617 19^ 53 i?i5 jl pass us iS I ig «sa ss —36 25 0,58 si n m^rwr^o l»milor» <957 0655 <958 0750 0351 2305 <2354 >355 188 H 8=1 m 1® 38)2 !!SS -ggljg Sffi® SSjjjf SQ61
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  • Page 22 Advertisements
    • 109 22 BT Deal of the Week Exclusive Business Class Airfares with ZUJI i ,1 iniiiiqHligigi AIRFARE T HOTEL WEATHER Bangkok; $499 $277 4% I Scandinavian Artnes Marriott Bangkok Resort and Spa RaW* Jakarta f $427 (Garuda Indonesia) T $135 WerContinentf Mid PtaJakarta MSrw» ■uM' (Gjwib Ifldofttsij) <(242 /ÜBdlAud Sunny IShaaghai $887
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  • Page 22 Miscellaneous
    • 163 22 CRYPTIC CROSSWORD Mediocre Shuff 6 (10) left? It's a joke (10) YESTERDAY'S SOLUTION DOWN 11 Opposition's out of doset fol- Across: 1 Fighting fit 8 Close sea--1 Hissing noise from river lowing obscurity (6,7) son,ll Aloe, 12 Luck, 13 Takings, snake (4) 13 Place with tea urn and star 15
      163 words

  • SHIPPING
    • 468 23  -  Dry bulk sector triples to US$30b, thanks in part to voracious China By DONALD URQUHART [SINGAPORE] Freight futures on seaborne commodities is coming of age with growing trade volumes. according to industry executives who point to the entry of large clearing
      AP  -  468 words
    • 306 23 AFP [KUALA LUMPUR] Muslim Malaysian sailors are being denied jobs in the shipping sector over terrorism fears in the aftermath of the Sept 11, 2001, attacks against the United States, a report said yesterday. Malaysian Seafarers Association chairman Zaidi Mohd Shah told the
      AFP  -  306 words
    • 292 23 Reuters [SINGAPORE] Singapore's Ezra Holdings Ltd, whose boats tow oil rigs and help install them in the ocean, said it would add eight new vessels to its fleet in its financial year starting September 2005. "The company will get delivery
      Reuters  -  292 words
    • 292 23 SGX tOO s«pn aw- vd CH Offshore ...0.40 -0.01 597 ChuanHup .0.89 -0.01 1259 Cosco Corporation 2.59 0.01 860 CWT Distribution 0.74 unch 103 EzraHldgs 1.50 0.01 511 Freight Links 0 08 unch 1401 Grand Banks Yacht .0.95 unch 0 Java Holdings 132 -002 238 K1 Venture .0.32
      292 words
    • 171 23 [SINGAPORE] Keppel Fels has further justified its claim to be the world's leading jackup rig designer and builder by delivering a rig to Abu Dhabi's National Drilling Company (NDC) 18 days ahead of schedule. But fast did not mean furious: The rig
      171 words
    • 310 23 AP [MOBILE, Alabama] A group of Mississippi evacuees moved out of Red Cross shelters and stepped aboard a cruise ship that will provide them with a temporary home during the region's recovery from Hurricane Katrina. About 150 evacuees arrived on Sunday from
      AP; REUTERS  -  310 words
    • 398 23 Bloomberg [ISTANBUL] Turkey has received a top bid of 3.5 billion euros (Ss7.l billion) for a 49-year lease to expand and run a cruise port in Istanbul as surging interest in Turkish state assets boost their prices at auction. Royal Ortakligi,
      Bloomberg  -  398 words
    • 496 23 Bloomberg [LONDON] The cost of shipping oil from the Persian Gulf to refineries worldwide on two million-barrel tankers may rise a fourth week as bookings increase after producers notified charterers about loading dates for October. "Charterers now in the market for early cargoes
      Bloomberg  -  496 words

  • EDITORIAL & OPINION
    • 491 24 EDITORIAL EDUCATION has always been a priority and a focus of Singapore's policy planning. So does it follow that the country's economic success over the years is primarily a function of its success in bringing education to more and more Singaporeans? US-based economist Isaac Ehrlich believes
      491 words
    • 754 24  -  THE BOTTOM LINE PAUL KRUGMAN NYT NOW it begins: America's biggest relief and recovery programme since the New Deal. And the omens are not good. It is a given that the Bush administration, which tried to turn Iraq into a laboratory for
      NYT  -  754 words
    • 1080 24  -  And rebuilding work is likely to boost growth next year and spur further rate hikes By JOHN M BERRY Bloomberg FEDERAL Reserve officials are set to rftise their target for the overnight lending rate today, and financial markets have gradually accepted that the
      Bloomberg; REUTERS FILE PHOTO  -  1,080 words
    • 727 25  -  Imagine a world without the UN, and it becomes clear what the embattled organisation is doing right By MELITA GABRIC IHT THE convergence of the world's leaders on the United Nations in New York last week has put that organisation under its annual spotlight,
      IHT; AFP  -  727 words
    • 728 25  -  Narayana Narayana Singapore MR TAY P H is not quite clear in his letter, "Ban contra trading to remove false market" (BT, Sept 15), whether his suggestion that "for a start, contra trades should be banned" is a blanket proposal, or only to be
      728 words
    • 604 25  -  LETTERS TO THE EDITOR Penelope Phoon Head, ACCA Singapore Singapore WE refer to the article "MAS tightens rules on board independence" by Siow Li Sen (BT, Sept 9). It is well'known that banks play a vital role in promoting financial stability in a
      ST FILE PHOTO  -  604 words
    • 114 25  -  Denis Distant Singapore I REFER to the letter "Bad experience with warrants" from Wilfred Ng Cheng Aik (BT, Sept 16) and agree with his observations. Just like the price movements for covered warrants on Hang Seng Index do not track the movements
      114 words
    • 214 25  -  GNSetty Sydney CONTRA trading is unique to Singapore among developed markets. It must stay, as Denis Distant urges. But the Singapore Exchange (SGX) may like to consider the Australian Stock Exchange (ASX) CHESS model CHESS is like Singapore's Central Depository Pte (CDP) through which client
      214 words
    • 209 25  -  John Gollifer Head, Corporate Communications and Investor Relations Singapore Exchange Ltd I REFER to the article "Warrants sucking the life out of small cap stocks" (BT, Sept 14) by Teh Hooi Ling and the letter "Warrants and small caps: please clarify" by Ganesh Pillai (BT, Sept
      209 words


  • 9455 26 SGX MAINBOARP 52-Mi T«l Lilt Vol Day Im>Qw» GrWy Mr Grind Mat MCaa Wgfc Low Cork Co—any Mi W- CBOBt Wg> Low Buyer Mhf Cw M M 10 2 5716 tit Software 5c 3 unch 1451 3 3 3 3.5 12.1 28.5 15 3148 8Te)ecomU52c 9.5 unch 1324
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  • Page 26 Advertisements
    • 76 26 Trade US equity CFDs commission free' Why would you trade Contracts for Differences (CFDs)? Wk •!I,[\ 11 i i i' r ■I*\ 1 4 ''Ij i 1 I Jl' m 9 m. l .N f it:, i! iif M i' 1 II lit i< ■fl i I i f I
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  • 5817 27 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES ktaalOT h« IB IKS %4r %r *i» x *r Sap It fcatci Ownpa Ow»g» Owiga Otanga Otmtgi Own— wrt indwWWwTi 9209 04 00 03 73 03 47 tURKMg m5 05 14.7 04 87 03 S3 Eun4»PnfcmMr> 12ML0 OS »S0 01 H Out 5*
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  • Page 28 Advertisements
    • 1236 28 NYK GROUP SOUTH ASIA PTE LTD \V----_A Af JTJCIinE EBTS K LINE (Respondsates)/*****109(0P5y6299 5785(DoorwrtaM NIPPON YUSEN KAISHA N TOKYO WAKU KAONA. UO. (C/R NO: *****830C006) SENATOR LINES 9 S I tiaLEl l/Illjt.| W ft'*—iiiiW, »o£3>f *6»«iSS»W>~L AiMMHMMftwMt<otl!) qiHSUItu I .v f A^a. V.tufa* Vmml C*fc V«y IW. FAilnw H«dw| Atwwy
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    • 629 28 vpsb/voy «ghw wb kcm 10 aw I mt siurnvwiwEii/os is u is/W ivw 77/09 75/09 v/n SIUfTSVBfTUK 30/05 IS U 30/09 02/10 04/10 09/10 11/10 IsmiTSKßnUg 71/05 IS 1 3.7 13/10 IVJO W/10 73/10 25/10 vKsa/vor Ifl"? ai w stp m mm «riswi io~] MISS&/47 70 il 75-75/W 1 77-77/99
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  • Page 29 Advertisements
    • 987 29 wwrJwburgsud.cow 1 msarvigsiwcußHNm msarwgawigpwtT) Swot DUWAH SOTTOA SAOTOS lUMI mtMISU Vwwl/ttw sSiLw«t warn ma noamw MIDI HKIM ComnoAn 015W 21/W OZ/I0 12/10 13/10 15/10 14/10 Sam Fafcria SOIWH/m 17/10H/l0 71/10 IVIO Alan SOW 71/09 00/10 10/10 20/10 22/10 23/10 C*Mwsl« 11/10 24/10 24/10 21/10 WlO C# loan* SOW 05/10 14/10
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    • 705 29 WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTM6 TO ALL NORTHERN AND WESTERN ICD POINTS vasa vol m num aumo na«v» ano—o HMIUMUag OMSK MSg ?7Sg 03on MOO uturmm man moo moo 070 a icon imi mse. at dit iit also tcanm ra. id ann iuikdhn (via ooumkx amd umbu i son
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  • THE BUSINESS TIMES SHIPPING TIMES
    • 8536 30 ETA ETA Adwrtlwc VwmI TllipBlM ITA fT* A*alMa SIN Dwfn Nam Nam "l"*"! "iB!?..,..., 03/10 26m Senator L COSCO SHANGHAI CSHI *****750 TO ABIDJAN (ABJ) 2003 Cot» DMvoira 04H0 27/10 CMnaSlvg CSd FEUXSTOWE SX175W *****89* 29/09 07/11 ChinaShpg NEW DYNAMIC 096A *****898 08/10 31/10
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  • Page 30 Advertisements
    • 654 30 U&Af WALLENIUS WILHELMSEN WWW website: http://www.2walobal.toin LK OAO HOUt MA SAY Ml Otf WTC WW OOP ttMOtUM VS2* 3201 m 6.4 M I 21/09 21/10 10/10 03/11 07/11 05/11 IMKO AF527 4201 m MM I 04/10 10/10 00/11 11/11 17/111 IS/11 TAUIOT |AfsS2 1 4001— I MM 13/10 00/11 11/11
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    • 354 30 -fs==is= Bk -gs. iKr^=i= -gap- ifgg -as —gg- bsbl =a=TflrT« mm* uta a/a ma- ffijgT HI! m i»i« I nK. —Ss —Ss- iiffii I i il il lass 1 ass I g fJ^" Jjg 3d_S_H_ fiKflfflmii m" Hff! nfli SIS iffi! Hi 2ZZH 2iZH— gyjjSg* Si, fi/, j jlfl! ifl
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    • 335 30 i BSfl x MYANMA fIM FIVE STAR LINE (Myomar Natiooal Lteo) Loadi»| for Yang oh VESSB VOT SIN PHI PEN PGU PAGAN 340W $U> PAGAN 349W SID IN MALAYSIA: OOUSTEAD SHIPPING AGENCIES UR/PU: 03-*****311 PIN: 04-2****** a™®"® ACCEPTIM COWVEWTIOWAI CBO VESSEL VOT NRG SM PGU PA KUC OCEANIA QUEEN 130
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  • PROPERTY
    • 435 32  -  Price of $600 psf ppr a third less than what owners wanted in 1999 By KALPANA RASHIWALA BELLE Vue is back in .the en bloc sale market, and this time, its owners are asking for $205 million or about a
      435 words
    • 253 32 2-year-old firm was started by former Sentosa Cove CEO SAVILLS (Singapore) has acquired Valuers Property Consultants (S) Pte Ltd for an undisclosed sum. The company now becomes a wholly-owned subsidiary. Valuers' managing director Ong Beng Kheong will serve as executive director of Savills (S) in
      253 words
    • 456 32 Bloomberg [LOS ANGELES] US commercial property prices won't rise as much over the next year as they have in the past 12 months because of higher interest rates, according to a survey of real estate executives and brokers by DLA Piper Rudnick
      Bloomberg  -  456 words
  • Page 32 Advertisements
    • 187 32 4 Buildings One single-storey building Tenure :60 we f 1969 One 2-storey building No Cround Rent Two 3-storey buildings Ful| y Air-Conditioned Land Area 261,400 sq ft Ample Car Parking lots CFA 304,700 sq ft Within Toa Payoh Housing Estate ■I. ■b>'- r wf\ Marketing Agent PRESTIGIOUS BRAND NEW BUNGALOW
      187 words
    • 259 32 Wholesale Property Brokers, in association with one of Australia's Premier Property Investment finance specialists will show you how you can take the speculative aspect of property investing CALL 6866 3672 with your name, number and email address to reserve your seats now! Seats are limited to 50 pax per session
      259 words
    • 163 32 Prime Residential Redevelopment Site in District 15 St Patrick's View St Patrick's Road E Site area: 7,712.25q m (83,013 sq ft) I MP 1958 fit 1980 Equivalent Plot Ratio 1 MP 2003-Plot Ratio of 1.4 CHt| 1 \^H|| ft p?scB Within 1 Km to CHI) (Katong) Primary, Tanjong Katong Primary
      163 words