The Business Times, 20 September 2004

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Total Pages: 32
1 32 The Business Times
  • 14 1 THE BUSINESS TIMES Monday, September 20,2004 SlNGAPbkiKif^s online at http://business-times.asia 1 .com.sg MITA(P) 023/03/2004
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  • 863 1  -  Cap is to ensure members won't over commit in property at expense of retirement savings, it says By VINCE CHONG [SINGAPORE] Responding to recent calls from the public, the Central Provident Fund Board says it will not be reviewing the amount that
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  • 133 1 MARKETS WMk Chge STI .2003.56 +35.86 KLSECOMP 859.66. +9.37 NIKKEI 225 *****.49 -0.74 HANG SENG —.*****.93 ....+220.94 SET INDEX 668.73 +28.13 JAKARTA COMP 814.63 +16.85 MANILA COMP ....1681.35. -70.25 TAIPEI TAIEX -27.80. -27.80 SEOUL COMP .848.11 ......+11.77 SHENZHEN B .242.66 +23.57 AUSTALLORD 3643.90 +41.40 DOW JONES *****.46 -28.61
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  • 49 1 TOP STORIES. PG 2 COMPANIES u. PG 4-5 VIEWS PG 6-7 MARKETS PG 8-9 SINGAPORE .....PG 10 DINING OUT PG 11 ECONOMY PG 13 MALAYSIA. PG 14-15 CHINA PG 16 INDIA PG 17 ASIA-PACIFIC.. PG 18 AVIATION PG 19 STOCKS PG 22-23 SHIPPING ....PG 24*27 BfzlT PG 28-32
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  • Page 1 Advertisements
    • 167 1 CHANGING OF THE GUARD; Hu Jintao takes over China's top military post from Jiang Zemin P616 H ROOM WITH A VIEW CityDev, AIG target buyers worldwide for New Downtown condo project in Marina Bay pg 4 FIGHT SPYWARE Find out how spyware creeps into your computer re 28 VIEWS FROM
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    • 29 1 BT ONLINE For the latest financial news, currency movements and a 7-day archive, visit .com.sg. This service is available to subscribers from 4am Singapore time (2000 GMT) each day.
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    • 3 1 8 JU llllilll
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  • TOP STORIES
    • 850 2  -  COMMENTARY Research indicates that problem-gambling is a medical issue, that there's little causal link between gaming and bankruptcies and fraud VIKRAM KHANNA Associate Editor THE issue of legalising casino gaming in Singapore has so far proved every bit as controversial as
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    • 562 2 CityDev, AIG launch Marina Bay condo CITY Developments and AIG are planning to launch their 1,111 unit condominium located at the edge of Marina Bay in late October. They will market the project both locally and in other parts of the world. Pricing is expected to average $950
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    • 688 2  -  WALL STREET INSIGHT Apart from interest rates, investors are cagey ahead of earnings results in the coming days, says ANDREW MARKS in New York ANDREW MARKS THE US stock market proved impressively resilient last week even though oil prices again surged back
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  • Page 2 Advertisements
    • 266 2 sr MBA'» Singapore 11th Intake Register Nowl •SJ Internationally Accredited by AACSB and North Central Association of Colleges Schools, USA Ranked amongst the top 25% of business schools in America! A Carnegie Doctoral Research Extensive University 1 module every 7 weeks, excellent format for busy working professionals Fully taught by
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    • 56 2 Incorporation services in all major jurisdictions Global network of offices Ready-made companies available Management and administration services China business registration Accounting and trade support services Virtual office solutions Personal and corporate bank introductions TO ARRANGE A FREE CONSULTATION CONTACT: SimonneToh T:+6s 6535 3382 F:+6s 6535 3991 E: singapore©ocra.com.sg 24 Raffles
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  • Page 3 Advertisements
    • 314 3 Carrefour 1 VAHjt it f DOMAINE DE BOURGOGNE CHATEAU CHATBAUHAUT CHATEAU LES FIEFS LA TOUR PI NOT NOIR DUSSEAU W- GALOUCHEY LES GRAVES MEDOCAINS V ROGAN LESONNEUft LOUPIAC >< iHUs BORDEAUX r' -DE PICON MEDOC y. SWKTWHITER SWEET WHITE j BORDEAUX |-r 2001 CHATEAU LA CHATEAU CHATEAU gM LAFAURIE —LALANOE
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  • COMPANY NEWS
    • 610 4  -  Analysts say 1,111 unit condo project could reap $380m profit for partners By KALPANA RASHIWALA CITY Developments and AIG are targeting buyers not only from Singapore but all over the world for their 1,111-unit condo project in the New Downtown at the edge of Marina
      610 words
    • 409 4  -  SPH-MediaCorp deal an inevitable move to stem losses, he says By JOYCE KOH SENIOR Minister Goh Chok Tong said yesterday that the merger deal between Singapore Press Holdings and Media Corp was an inevitable move to stem losses on both sides,
      409 words
    • 536 4  -  HOCK LOCK SIEW R SIVANITHY Senior Correspondent W HAT does the local initial public offering industry and the US space agency Nasa have in common? It may be said that both place their faith in the credo of "faster, better, cheaper". A
      536 words
    • 682 4 SIME Darby Bhd's proposed plan to buy a 29.9 per cent stake in Singaporelisted Jaya Holdings Ltd for $223 million cash has drawn the favour of analysts, given the synergy with its oil and gas business and its impact on earnings The
      682 words
    • 230 5 SPONSORS continue to stream in for The Bull Run 2004, the charity event organised by the Singapore Exchange (SGX), with total contributions now hitting $1,586,921. The latest sponsors are Wong Partnership ($100,000), Star Cruises Limited ($75,000), Lehman Brothers Inc ($25,000) and Phillip Capital
      CHRIS LOH  -  230 words
    • 478 5  -  Drug company to raise $8m via mainboard listing in Singapore By JEAN CHUA WITH an ageing population, high incidence of liver and gall bladder diseases and a new commitment by the government to universal healthcare, China is set to become the next big thing for
      CHRIS LOH  -  478 words
    • 424 5  -  By TAILA KRISHNAKUMAR STOCKS in the property sector may have the stamina to enjoy another run, after outperforming the market by as much as 25 per cent over the last three months, says Citigroup Smith Barney. "The physical market both residential and commercial
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  • Page 4 Advertisements
    • 430 4 w KLW HOLDINGS LIMITED (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting ("EGM") of KLW Holdings Limited (the "Company") will be held at 19 Senoko Loop, Level 4, Singapore *****9 on 8 October 2004 at 10 a.m. for
      430 words
    • 124 4 OCBC, Wearnes Walden Managing venture capital investments in Greater China and South East Asia, wishes to appoint a: VENTURE CAPITALIST with service outsourcing experience in ICT/logistics/financial services Candidates should preferably have a tertiary degree, at least 10 years' working experience in consulting or large outsourcing firms with hands-on experience in
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    • 1 4 adv
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  • Page 5 Advertisements
    • 1694 5 M UK BANCA MONTE DEI PASCHI DI SIENA H STATEMENT OF ACCOUNTS FOR THE YEAR ENDED DECEMBER 31, 2003 BALANCE SHEET PROFIT AND LOSS STATEMENT m at 31 December 2003 EUR'OOOs EUR'OOOs as at 31 Dacamber 2003 EUR'OOOs EUR'OOOs ASSETS Dac 31, 2003 Dac31,2002 D»C 31, 2003 Dac 31, 2002
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  • VIEWS FROM THE TOP
    • 3166 6 THIS WEEK'S TOPIC How business-friendly do you find the Malaysian Budget? How will it impact your business? FEW people were looking for surprises in the first Budget from Malaysia's Prime Minister and Finance Minister Abdullah Badawi.The business community expected Mr Abdullah to continue to refine the policies of
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  • Page 6 Advertisements
    • 71 6 BT CEOs e-Club Members of the BT CEO e-Club are Singapore s top corporate leaders whom BT editors would like to interact with in an atmosphere of informality and trust This club is a virtual one, with interaction mainly via e-mail. Each week,, we will invite comments from these top
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  • SINGAPORE MARKETS
    • 760 8  -  STOCKS Slowing earnings growth, rising interest rates mean regular double-digit gains are no longer possible R SIVANITHY Senior Correspondent IT'S been a funny 2004 for stocks. Strategists started out the year confident of a good first half but warned that the second half would be
      AFP  -  760 words
    • 1496 8 The stock recommendation is the average of all the recom- Number FORECAST Median mendations submitted by analysts following the stock. There recommendation of EPS PE Target is a total of 29 brokers submitting recommendations but not COMPANY This Week/last Week Esthnates (S) (times) (S) every stock is followed
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    • 323 8 CURRENCIES AFP [HONG KONG] Asia's major currencies, led by the yen, moved narrowly against the US dollar last week and are expected to remain range-bound ahead of a US Federal Reserve policysetting meeting on Thursday. Japanese yen: The yen stayed in a tight range against the
      AFP  -  323 words
    • 618 8 Payment Ex looks Pay ItS) d«|c df date AEM Evertech 5c I 0.13 15 Sep 20-Sep 30Sep AEM Evertech 5c w 0375 15-Sq) 20-Sep 30Sep Amtek Engg 20c F 5.50 05-Nov 10-Nov 23-Nov Aspial Cocp 20c I 1 00 30-Sep OSOct 15-0ct Aussino Grp 2.5c f Q.7IE 12-Mav
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    • 1088 9  -  TEH HOOI LING Correspondent I'T has been a good week for Singapore stocks with both heavyweights and the second and third liners firming. The Straits Times Index (STI) advanced by 1.8 per cent, closing above the 2,000 level for the first time in four
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    • 1230 9  -  INSIDE MARKETS Buyers outweigh sellers with 31 acquisitions worth $31m versus 12 disposals worth a paltry $2.5m, reports ROBERT HALILI ROBERT HALILI THE director and substantial shareholder activity was low last week with only 43 trades worth $33.8 million, based on filings to the
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  • Page 8 Advertisements
    • 82 8 WEEK AHEAD Events investors can watch out for ComfortDelgro's dividend payment, Sept 20 Popular's dividend payment, Sept 20 Freight Links' dividend payment, Sept 21 Kingboard's dividend payment, Sept 21 HL Asia's dividend payment, Sept 22 Straits Trading's dividend payment, Sept 22 Mobile One's dividend payment, Sept 23 Sing Lun's dividend
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  • SINGAPORE NEWS
    • 677 10  -  Local distributors are driving the personal care firm's expansion into SE-Asia By NANDE KHIN NU SKIN Enterprises (NSE) one of the largest direct selling companies in the world has found a money-spinning machine in Singapore. Not only is the country the top market in
      CHRIS LOH  -  677 words
    • 548 10  -  By CHEN HUIFEN FOOD will be Jacquie Tan's best weapon at this year's Global Entrepolis Singapore 2004, to be held on Oct 11-15. Not only because it is her business, but the managing director of lifestyle catering firm Kriston Food Beverage will
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    • 322 10 DATE/ TIME EVENT VENUE 20 Sept 20th Asia Pacific Petroleum Stamford Ballroom, 6.30pm Conference Level 4, Raffles City Convention Centre, Swissotel The Stamford Raffles The Plaza Hotels 20-21 Sept The 4th Power Sponsor- Marriott Hotel, Singa9am ship Conference pore 21 Sept Brown Bag Talk on The Le- ISEAS,
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  • Page 10 Advertisements
    • 75 10 STAY COOL STAY CONNECTED v nß;} i 111" j mm^| A stylish mini-fridge is yours (while stocks last) if you subscribe to The Business Times. IHE BUSINESS UMES Plus, you'll enjoy 10% off when you sign up for one year at $19.90 per month*. J__ To subscribe, call 6388 3838.
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  • DINING OUT
    • 1614 11  -  Yes, it's possible to do a one-hour lunch and no, it doesn't have to be a sandwich at the deli. JAIME EE sprints over the options JAIME EE EATING on the run isn't advocated by the health experts, and reconstituted food is strictly for the
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    • 899 11  -  For fast but casual food, CHEAH UI-HOON checks out a couple of new eateries CHEAH UI-HOON Nyonya Express #01-06 CPF Building, 79 Robinson Road. Tel: 6327 1098 Takeaways: Free delivery service in the CBD vicinity with minimum $10 order. For a "quick-service" restaurant and one known initially for its
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  • Page 11 Advertisements
    • 36 11 n I m f| U 125 Years 1 Ask us about Corporate, Individual or Group Instruction. Call Barlltz today 6733-7472 or vitlt www.berthz.com jjj 501 Orchard Road 4/05-03/04 Wheelock Place Singapore *****0 2 ism qm -QMEj
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    • 171 11 PHILIPS IS m riir-^---'-^-- T wk ■^■fl j^^^HHH^f. I IP IH^^H ■pr t J v i m m 3jh I I 4 .JHIH HI ml )J1 M ml w h >*—* .JIiHM^H I I 20 J \>2' Imj to i i■ I 2004 2005 •>«* l IMHPIIf' :i ws/?%05i I
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  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • 1046 12  -  Okay, now that you have opened a trading account, understood some of the most common financial terms (we covered both aspects in the last two weeks), you want to get in on the action now, which is investing. Here's how. By NANDE KHIN Asayoung
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    • 897 12  -  CAMPUS LIFE Jackson Tan finds business may well be in his blood, writes JESSICA CHEAM JESSICA CHEAM SOMETIMES, it seems like the more you try to run away from your destiny, the more it seeks you out. Undergraduate Jackson Tan will tell you how that feels he
      CHRIS LOH  -  897 words
    • 283 12 Share you views on what's relevant to you and stand a chance to win a Nomad MuVo! Prime Minister Lee Hsien L6ong, in his maiden National Day Rally speech, championed the empowerment of youths- ''Give them a say in their fives to make them feel they can make a difference,"
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  • Page 12 Advertisements
    • 255 12 Be smart with your money FANCY becoming the next Warren Buffett or George Soros? Or even the famous Robert Kiyosaki? Then read on. The Young Investors' Forum, part of the BT-Citibank Tertiary Outreach Programme, isn't another dry page out of your financial textbook. To complement our editorial content, we have
      255 words

  • ECONOMY WATCH
    • 519 13  -  RESEARCHER'S INSIGHT Moves to make the yuan more flexible could weaken not strengthen it, says GABRIEL STEIN GABRIEL STEIN Source: Lombard Street Research Int'l A SLEW of Chinese economic data posted recently confirm that there is a certain amount of slowdown in activity. Fixedasset investment
      Source: Lombard Street Research Int'l  -  519 words
    • 629 13 Analysts expect capital spending to underpin growth in both Q3 and Q4 Bloomberg [WASHINGTON] Orders for business equipment accelerated last month and home construction kept at a historically high level, providing evidence the US economy is gaining strength, reports this
      Bloomberg; BLOOMBERG FILE PHOTO  -  629 words
    • 232 13 Reuters [SEOUL] South Korea said on Saturday plans to help the local construction industry avoid a drastic decline were on track, but reiterated concerns about the impact of cooling construction spending on the economy. The finance ministry said in a
      Reuters  -  232 words
    • 654 13 NYT [NEW YORK] No organisation has been more alarmed about America's constantly rising deficit in global transactions than the Institute for International Economics, a centre of expertise in this field. A disaster is in the making, declares the institute's director,
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    • 488 13 AFP [BRUSSELS] Economic data to be released this week will show that German inflation will be unchanged this month, French household consumption is easing and British public finances are healthy, economists said. "Preliminary CPI inflation data for Germany in September will be a key
      AFP  -  488 words
  • Page 13 Advertisements
    • 164 13 f/R f(c LlO ssionals say essional body pquality programmes. vctitiontrs' views on tduation*! qualrfiatiorß. Graduate Diploma inifljfo Management Business Administration (GDipMBA) Duration: 12 mths; 192 training hours s Commencing 1 Nov *04 Course fee: 552,730.00 Requirement Bachelor Degree in any discipline or Diploma with at least 3 years of managerial
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  • MALAYSIA COMPANIES
    • 397 14 He hopes to raise RM170 million in this year's second-biggest IPO Reuters [KUALA LUMPUR] Malaysian timber tycoon Tiong Hiew King and other investors are selling some of their shares in the publisher of Malaysia's best-selling Chinese daily to raise RMI7O million (Ss76
      Reuters  -  397 words
    • 280 14 Reuters [KUALA LUMPUR] A consortium led by unlisted auto firm Naza Group looks set to win the bidding for a 15 per cent stake in Malaysia's motor and financial group DRB-Hicom Bhd, business weekly The Edge Malaysia said. The consortium, which also
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    • 122 14 [KUALA LUMPUR] Mycom Bhd received a writ of summons together with a claim for RM12.74 million (555.7 million) plus interest up to June 30,2004, from OCBC (Malaysia) Bhd, The Edge daily said. Mycom said on Friday that OCBC had on March 26,1998, granted
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    • 1475 14 The stock recommendation is the average of all the recom- Number forecast Median mendations submitted by analysts following the stock. There RECOMMENDATION of EPS K Target is a total of 29 brokers submitting recommendations but not COMPANY This Week/Last Week Estimates (times) f$) every stock is followed
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    • 750 14 Proceeds of bond issue likely to be used to fund leisure, power, hospitality investments abroad [KUALA LUMPUR] The expansion of Malaysia's only casino operator, Genting Bhd, is set to move into high gear, if its latest fund-rais-ing effort comes to fruition, said The Star newspaper on
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    • 303 14 [KUALA LUMPUR] A consortium of local private companies plans to set up Malaysia's first palm oilbased diesel plant within the next three months, with Europe as its main target market, the New Straits Times reported on Saturday. "Malaysia is looking
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  • MALAYSIA/INDONESIA
    • 639 15  -  MALAYSIAN INSIGHT But it won't touch the 1,000-mark anytime soon EDDIE TOH KL Correspondent THE key stock market barometers of Malaysia and Singapore used to have a generally close correlation but they have since gone their separate ways following major structural changes in
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    • 394 15 Reuters (JAKARTAI Indonesians vote in a landmark presidential election run-off today and are expected to hand power to a former general who has vowed firmer leadership in fighting terrorism and boosting the economy. The battle between front-runner Susilo Bambang Yudhoyono and incumbent leader Megawati
      Reuters; REUTERS  -  394 words
    • 226 15 Reuters [KUALA LUMPUR] An annual meeting of Malaysia's ruling party must not become distracted by controversy surrounding a former influential leader, dissident politician Anwar Ibrahim, a party leader said. "We don't want the general assembly to be sidetracked by one issue over
      Reuters  -  226 words
  • Page 15 Advertisements

  • GREATER CHINA
    • 241 16 Bloomberg [HONG KONG] Television Broadcasts Ltd, Hong Kong's largest broadcaster, will temporarily own all of its pay-television unit as it seeks a new investor after partner Intelsat Ltd said it would drop its 51 per cent stake in the venture. Television Broadcasts
      Bloomberg  -  241 words
    • 558 16 Jiang's retirement not expected to have much impact say analysts Reuters. Bloomberg [BEIJING] Jiang Zemin yesterday gave up the top job in China's military, handing over the post to Communist Party chief Hu Jintao and completing a historic leadership transition to
      Reuters.; Bloomberg; Photos: AFP, AP  -  558 words
    • 279 16 Bloomberg [BEIJING] Many Chinese companies with shares listed in the US are unprepared for stricter accounting rules that take effect next year, an executive at Ernst Young said. "Complying will be a big challenge," Patrick Hogan, deputy global chief of Ernst Young's
      Bloomberg  -  279 words
    • 184 16 Bloomberg [HONG KONG] Hutchison Telecommunications International, which plans to raise as much as HK$B.Bl billion (SSI .9 billion) in an initial public offer in Hong Kong and New York, is offering 1.155 billion shares at HK56.59 to HK57.63 apiece, people involved in the sale
      Bloomberg  -  184 words
    • 315 16 Number to be checked doubles previous years' Bloomberg [TAIPEI] The Taiwan Stock Exchange will examine about 65 companies for accounting irregularities as it steps up probes that have resulted in at least three reporting financial problems. The exchange will inspect a
      Bloomberg  -  315 words
  • Page 16 Advertisements
    • 676 16 Notice to holders of physical securities NOTICE IS HEREBY GIVEN that BNP Paribas Securities Services Luxembourg branch and BNP Paribas Luxembourg will no longer carry on in Luxembourg the activity of Principal Paying Agent and Paying Agent, respectively, involving the handling of physical securities, and that such activity shall be
      676 words
    • 523 16 VOLKSWAGEN FINANCIAL SERVICES SINGAPORE LTD. *****,000,000 MULTICURRENCY DEBT ISSUANCE PROGRAMME SERIES NO. 004 5535,000,000 GUARANTEED FLOATING RATE NOTES DUE 2007 Pursuant to Condition 15 of the Notes, notice is hereby given that for the Interest Period beginning on 17 September 2004 and ending on (but excluding) 17 December 2004, the
      523 words
    • 18 16 Releasing a financial statement? Call 1800 283 8822 or email iiotices6sph.cofn.sg to book your advertisement in our ncwsfwpers
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  • INDIA
    • 575 17 Long-term needs can be met only by rules to lure foreign investors: analysts Reuters [MUMBAIJ A slew of equity issues by Indian banks is set to hit the market in the next six months as banks seek more capital to expand
      Reuters  -  575 words
    • 371 17 Bloomberg Reuters [VIENNA] Mergers of several state-owned oil and gas companies would take place "soon", allowing them to focus on their main businesses. India's Oil Minister Mani Shankar Aiyar has said. He said the plans to combine various govern-ment-owned companies will enable
      Bloomberg; Reuters  -  371 words
    • 676 17 Western influences and rising affluence are changing living habits AFP wo o AN all-out obsession with "lifestyle" has a cashrich new generation flocking to spas, westernstyle restaurants and cinemas. Plush hotels have shed a staid tradition and opened up Asian fusion and European cuisines,
      AFP  -  676 words
    • 244 17 Reuters [NEW DELHI] India's wholesale price inflation has fallen less strongly than expected and the trade deficit has widened, official figures showed on Friday. The annual wholesale price inflation rate fell to 7.81 per cent in the year to Sept 4 from
      Reuters  -  244 words
  • Page 17 Advertisements
    • 153 17 Where to wine, dine and entertain... 7 —www-dbunxomjg (J®£E5S& I Another gastronomic affair at Cafe Brio's *o^^ K9 th till 2.lst September 2004 Slcpht n Rcasan It! H* Guest Chef at Call Brio's -M please call Cafe Brio's aljgjjmm jMTyr,*3 Western Australian buffet spread +vBKS I Wrm! or unc l
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    • 37 17 41 |k* v IHHe A hmh |j§g||jg MERITUS MANDARIN SINGAPORE AWARD-WINNING IMPERIAL COURT DINING Reservations: HjJW* 6831 6262/66 Mn*"* 7 CHINESE RESTAURANT MERITUS MANDARIN 333 Orchard Road, Singapore *****7. Tel: +65 6737 4411. Fax: +65 6732 2361.
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  • ASIA-PACIFIC/WORLD
    • 523 18 Violations arose while doing tax work in China for 100 US audit clients Bloomberg [WASHINGTON] Ernst Young LLP has notified the Securities and Exchange Commission that the firm may have violated conflict-of-interest rules while performing tax work in China for about 100
      Bloomberg  -  523 words
    • 320 18 Bloomberg [NEW YORK] Eugene O'Kelly, KPMG chief executive officer, was chastised by the US Securities and Exchange Commission's top accountant for telling clients that the firm won't be punished for potential violations of audit independence rules. SEC chief accountant Donald Nicolaisen told
      Bloomberg  -  320 words
    • 304 18 Bloomberg [SEOUL] South Korean companies will need to seek approval before transferring technology overseas to stem losses that the government estimates at US$3B billion in the last six years. Companies in possession of advanced technology in telecommunications and other key industries will
      Bloomberg  -  304 words
    • 784 18 NYT [NEW YORK] Qualcomm, the world's second-largest maker of microprocessors for cellular phones, got a lesson in stock market jitters on Friday. The company, based in San Diego, announced on Friday morning that it planned to study whether to change its accounting practices to
      NYT; REUTERS  -  784 words
  • Page 18 Advertisements
  • Page 18 Miscellaneous
    • 311 18 CRYPTIC CROSSWORD 7 Brief greeting from radio band 8 Leading man acquires new bird WM 10 Insecticide used by smart daily I I I j 1 Duty to one thousand Subject needing analysis from L_J_J Lajri 16 Naval complement was exul- [18 I I |10 I I ■■50 21 I
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  • AVIATION
    • 535 19 EC welcomes agreement with flight attendants to cut 900 jobs Bloomberg, AFP [MILAN] Alitalia, Italy's largest airline, reached an agreement with its flight attendants' unions to cut 900 jobs, clearing the way for the company to get a government bailout that will keep
      Bloomberg,; AFP  -  535 words
    • 327 19 Bloomberg [BRUSSELS] The European Union said it would be "very difficult" to accept a US demand for a ban on government loans for new Airbus programmes as part of changes to an aircraft-aid agreement that also applies to Boeing Co.
      Bloomberg  -  327 words
    • 1858 19 U'T HJ6HT ETA FU6HT ETP 5Q402 2240 CopinhiQM SK973 1900 SK972 2155 Adalaida BA7381 1840 Darwin BA7381 1840 Qf81 1840 QF81 1840 A,Wt Um SQ323 0615 KL838 2255 Dmo MI566 1920 MB66 0920 KL837 T450 D-hi ***** 0710 IC856 1145 1450 K357 1025 SQ408 1850 SQ348
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    • 295 19  -  By AL LABITA [MANILA] The Philippines plans to transform part of a sprawling former United States military air base into a "world class" international airport to channel passengers and cargo from Metro Manila to the provinces. Estimated to cost two billion pesos (Ss6o
      295 words
    • 78 19 [DAMASCUS] A Boeing 737 aircraft, the only functioning plane belonging to Iraqi Airways, sits at Damascus international airport on Saturday after the carrier made its firstflight to the Syrian capitalfrom Baghdad in 24 years. The plane carried Iraqi civil aviation officials, but no other passengers.
      AP  -  78 words
    • 614 19 [NEW DELHI] India is planning facelifts for its shabby airports to raise them to international standards as the nation gears up for an expected rise in air traffic, a government minister said. Civil Aviation Minister Praful Patel said several large firms were
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    • 460 19 NYT [NEW YORK] US Airways plans to ask a federal bankruptcy judge on Oct 7 to impose temporary pay cuts on its workers unless it can reach agreement with its unions before then. Bankrupt companies often seek to cut wages and benefits,
      NYT  -  460 words

  • SHIPPING
    • 519 20  -  It pips PSA Int'l by a few points to clinch 30-year concession at Laem Chabang By GEORGE JOSEPH [SINGAPORE] Hong Kong's Hutchison Port Holdings added Thailand's Laem Chabang port development project into its growing portfolio, strengthening further its dominance as the top global port
      FILE PHOTO  -  519 words
    • 409 20 LAT-WP [LOS ANGELES] Under pressure from city officials and community leaders, Larry Keller resigned as executive director of the Port of Los Angeles, which has been in turmoil amid investigations into contracting practices and an outcry from residents over air pollution. Mr Keller,
      LAT-WP  -  409 words
    • 170 20 Reuters [HONG KONG] Bulk liner Pacific Basin Shipping Ltd, reporting results for the first time since a July listing, said its first-half net profit surged more than six-fold, thanks to robust demand in dry bulk. The Hong Kong-based company was also optimistic about
      Reuters  -  170 words
    • 288 20 SGX '000 S«p17 St *1- Vol CH Offshore 0.39 1721 ChuanHup .0.63 0.01 6400 Cosco Investment .0.93 0.02 ***** CWT Distribution 0.50 0.01 49 Ezra Hldgs 1.07 -0.02 448 Freight Links 0.10 unch 181 Grand Banks Yacht 041 -0.01 3 Java Holdings 0.93 -0.01 2303 K1 Venture .0.28
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    • 308 20 Bloomberg [DUBAI] Hyundai Heavy Industries, the world's largest shipbuilder, won a Saudi order for two large oil tankers as Opec pumps near capacity, boosting supertanker prices. Saudi Arabia's National Shipping Company ordered two large oil tankers for delivery in 2007, the company said, without
      Bloomberg  -  308 words
    • 54 20 [SAN FERNANDO, Spain] Workers and relatives of Spanish public shipbuilding group Izar demonstrating in San Fernando to protest against part-privatisation plans. The firm has been in crisis since European Union authorities demanded in May that it repay 300 million euros (Ss6l7 million) ofEUaid which Brussels regards as
      AFP  -  54 words
    • 214 20 [LONDON] Two former chief engineers of the Gi-braltar-registered general cargo ship Kent Navigator have admitted falsifying entries in the ship's oil record book to a US court. Felipe Arcolas and Alfredo Lozada face maximum penalties of up to five years imprisonment,
      214 words
    • 681 20  -  LINER SCENE By DAVID HUGHES AT the 27th annual general meeting of the Federation of Asean Shippers' Councils (FASC) last week in Singapore, there was still the old ranting against the "monopolistic practices" of the container shipping lines. The lines have already told the
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  • THE BUSINESS TIMES SHIPPING TIMES
    • 8027 21 < ETA ETA ktmtbm VmmI Voyaa* Tilipliim ETA ETA AJwiWhi VmmI Voyan TMw SIN Dctfn Nmm Name Number Numbur SIN D«fn Nam* Nmm Number Mumbw To ABIDJAN (ABJ) 2003 Cote D'lvoire w!o 02/11 haniin Vienna HZ 27/09 lull —r lBalSJa 0 U*****4 t° FOS-SUR-MER(FOS)2129
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  • 10900 22 STRAITS TIMES INDEX STOCKS smfciw— m Qom change stoct —t m Qo* o—« Allgreen 50c 0.31 1.100 -0.020 NOL 2.00 2.790 BIL Intl US20C 0.46 0.985 -0.010 OCBC 10.75 14.100 *0.100 Capita Land 1.20 1.780 +0.010 Parkway H 25c 0.62 1.320 -0040 Chart SemiCond 26c 0.81 1.060 -0.020
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  • 3103 23 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES bMan taUSS *<» %r *<y *«P 17 »nd«i Oxn— Qnno Owng> Chwy Q*ng» Q»n» WnridhdHiEwfcnw 799.4 M 17 0.5 12 04 15 7323 04 44 0.S 1.5 03 11 bwp«PwftmiMr» ***** Q.6 3.6 09 1.0 OB y Pat*: -0 2 67 -0 5
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  • 910 23 COMMODITIES: WEEKLY ROUNDUP AFP [LONDON] Hurricane Ivan roiled world oil markets last week as production shutdowns in the Gulf of Mexico squeezed already-tight supplies. Bouts of US dollar weakness, meanwhile, lent support to metals. The Commodities Research Bureau's index of 17 commodities dropped to 273.05
    AFP  -  910 words

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    • 1951 24 I TO USA/CANADA I I EXPORT I I OTHER DESTINATIONS I IvßSa Ivor I W6 IORCACOIIKWYOM TO AUSTRALIA (AUSTRALIA ASIA EXPWBMI PtO NEDUOYD SOUTHAMPTON 45E39 21/W 22/W I M/ 10 14/10 13/10 13/10 13/10 14/10 |§j VESSB V°T IttSM K6 «I W I STO I■ 1 <*"* OOaMNGOO 04E40 OMT
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    • 870 24 WjyMAllA BOjW tWWCt 1 iii vtssa/vor wm i inarop m kh m sw jp snunsyaiutt/n is I u tq/w n/w a/w 01/10 oz/io STRAITS VENTURE /12 IS II I 01/10 Oi/lO 10/10 12/10 STRAITS VENTURE/13 IS 12 14/10 WjO 71/10 31/10 02/11 Iwht awa/hnoju. toto «vs vtssa/voT wrgp i hbchtw
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    • 856 25 Urn imp! hM Hk Cf»t> f: For Schedules, BL Searches, ond Container Tracking, visit on our Home Poge: www.moUin.com.so www.hamburgsud.com H UP aJaUBBtUBtm Itirti .mk savia protT) Mfci &sm —"op sfflw nr" ■wr tb rw S&S& is I'CT tit-faiUl" »/W IMP P/lfl »/10 11/H i3W( p/iii »/i« m iito m
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    • 188 25 Gemartrans (S) Pte Ltd GEHARTRANS OKMTOR COOC <OT CD NO: H*****0000N raHBOOKMQIcm: BUt MNOWOnC *****68Z/ *****062 62M8681/8221H10 lOMUUMKR «H|SHOMM <08)*****102 3a*EJWQ«/WEEKTOHCM VBSa I VOT I SI HOI PHAI 13N 70/09 13/09 HBTFORD 00K 21/09 24/09 ■BUOIt LAKE OHO2M 22/09 25/09 DA KM 042E 24/01 30/09 GOUEN6ATE 431N 20/09 01/10 MMUt
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    • 865 25 &(32S&* WEEKLY EXPRESS SAIUNG SCHEDULE ALSO ACCEPTIN6 TO ALL NORTHERN AMD WESTERN ICQ POINTS vissa vot aw hm» com—o hsmpo couwo tourawim muM i3sg issp usg nsg aa— mmuim mm »sg nsg »sp asg 01 oo KAjrv 6AWDHI mm asg nsg moo as on woo mriHOtt ooan moo moo woo
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    • 955 27 I rr\ MM: IH: *221 1333 MX: «11-5272 I I h-fo\ LI 111 CO GUSNWSBVKI:TEL:622I-SSMMI: 1227-6190 .1 I /LllS sM>6APoti:To»i6iooswrf«6niire fa-* ypTlraaw km IvKsa vorlrosw Ivot Itpswiic jvea Iww I «»[wee* 11 IwiMtSl 4071 114/W IS/W IWSWH *****17/W WW IWW 3 ***** |U/M I 21/W I«HOW6 BMIHI M/W >1/11 e
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    • 518 27 tiger WAVE 21M 22-22/09 28-30/09 05-04/ ol HUii£UflT)Gßt PEARL 219* 25-24/09 01-03/10 09-10/10 I KM 29/09 05-07/10 2- 3/10 1 ■■■■■IIGaSBI 221N 03-04/10 0»-ll/10 7-11/ 01 JJUJll6aW*ff ***** 05-04/10 12-14/10 19-20/101 «!™H!wi»ss^^^l4^2M4^T3s/I^7u/10l HMMMMACHIEVER 158 30-01/10 08-10/10 18-19/10 I ■U|U|&|TI6EII SPIRIT 09? 05-04/10 12-14/10 22 23/10 I 304 04-07/10 12-14/10 22
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  • BizIT
    • 744 28  -  BT exclusive The Tokyo-based data security firm has set up its regional HQ in S'pore. It is adding staff and will launch its newest anti-spyware plug in October. RAJU CHELLAM reports RAJU CHELLAM VIRUS-BUSTER Trend Micro is on a roll. Fresh on the heels of
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    • 489 28  -  Here's how spyware creeps into your computer without your knowledge or authorisation By RAJU CHELLAM THE biggest threat to e-commerce is not credit card fraud but spyware, the insidious software that creeps into your computer without your knowledge, monitors your keyboard activities and transmits this information
      489 words
    • 569 28 AP (STRASBOURG, France] A 24-year-old Romanian cheats a California computer equipment distributor out of US$lO million. An Australian teenager causes a release of raw sewage by hacking into a plant's system. And if you fell for that "free computer game" that spammers promised in
      AP  -  569 words
    • 896 29  -  <we say> Telcos should open up to other technologies for wireless access that are more commercially viable in the long term AMIT ROY CHOUDHURY Correspondent Ubiquitous wireless connectivity for people on the move just fire up your Centrino laptop or Wi-Fi-enabled personal digital
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    • 725 29  -  <you say> BRADLEY ANSTIS DO you have e-mail? If you do, you've been spammed. And the problem is, once your e-mail address has been compromised it can only get worse. A recent IDA survey estimated that there are about 1.4 million
      725 words
    • 319 29 Reuters [TOKYO] Japan's Sony Corp is expected to unveil a smaller version of its popular Playstation 2 game console on Oct 26, The Hollywood Reporter said on its website, citing retailers and industry analysts. Sony Computer Entertainment (SCE) declined to comment, but the group's
      Reuters  -  319 words
    • <what's up>
      • 80 29 ZHENG Yuankai (above), a research scientist from the Data Storage Institute (DSI), has been named among the world's top 100 innovators by Technology Review, the innovation magazine from Massachusetts Institute of Technology (MIT). Dr Zheng has been recognised for his work in revolutionising the magneto-resistive random
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      • 54 29 A summit featuring the world's leading biometric technologies, solutions and products will be held in conjunction with Global Entrepolis Singapore 2004 on Oct 13. Organised by IDLink Systems, this forum will gather market leaders with the most avant-garde identification technologies and products and internationally-renowned experts. For information visit
        54 words
      • 72 29 Global telecommunications carriers operating in the Asia Pacific have formed a group the Asia Pacific Carriers Coalition (APCC) which aims to work with governments, regulatory authorities and consumers to develop policies and frameworks to support further competition and encourage new investment. The APCC includes, among
        72 words
      • 89 29 FUSION Consulting, a business intelligence consultancy based in Singapore and Hong Kong and operating throughout the Asia Pacific region, has been invited to join the Global Intelligence Alliance (GIA). GIA is a global network of professional business research and competitive intelligence companies that serves the business
        89 words
      • 107 29  -  Compiled by AMIT ROY CHOUDHURY SAMSUNG Electronics said it will increase funding for Samsung DigitAll Hope 2004 the company's region-wide initiative to help society through the use of IT to US$500,000. The initiative has attracted proposals for some 300 projects from seven countries, of which 31
        107 words
    • 682 31  -  &lt;cool stuff&gt; Continuing our series on tech gadgets from the non-IT person's point of view, TANG WENG FAI checks out a jacket that gives new meaning to 'cool clothing' TANG WENG FAI HAVE you ever imagined being able to shut boring parts of a
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    • 378 31  -  Local high-tech firms stand to gain from its expertise By AMIT ROY CHOUDHURY ROSETTANET, a global consortium promoting ebusiness standards, is setting up a centre in Singapore, its first outside the United States, to help the group address emerging trends and leading
      378 words
    • 1214 31 [NEW YORK] Karsten M Self, who oversees a children's computer lab at a youth centre in Napa, California, spends about a half-hour each morning electronically scanning 10 PCs. He is searching for files and traces of code that threaten to hijack the computers by silently monitoring
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    • <what's new>
      • 83 31 Electronics has introduced the Micro Vault Pro, a USB media storage device I one-inch hard drive that can B If/) store up to two gigabytes of I data. It also I features a MK =gg^ JWr swivel-type USB connector for direct and easy connection to any
        83 words
      • 52 31 RED Hat has announced the availability of Red Hat Enterprise Linux 3 Update 3. The update, accessible through the Red Hat network, features several security enhancements, which were originally targeted for delivery in early next year, according to Red Hat officials. For more information visit www.
        52 words
      • 63 31 NEC Infrontia Asia Pacific, a leading keyphone systems provider for enterprises, has unveiled here the Aspila Topaz, its latest digital keyphone system targeted at small and medium-sized enterprises (SMEs) and the small office, home office (SOHO) market. The scaleable intelligent telecommunication tool is designed to
        63 words
      • 114 31 ADOBE Systems has announced an expansion of its support for the IEEE-1394 data transfer standard, with the addition of an HDV (high definition video) plug-in for Adobe Premiere Pro 1.5, its video editing software. IEEE-1394 is a very fast external bus standard that supports fast data
        114 words
      • 87 31 RESILIENCE Corporation, which makes integrated high availability (iHA) "&lt; appliances for firewall and VPN security, has announced the release of the MX4006 series product family for Firewall-VPN *V security for the industry standard IBM -J xSeries OEM platform. MX4000 models *V incorporate Resilience iHA technology, integrated with Check
        87 words
      • 67 31 LOGITECH has unveiled its latest wireless peripherals, the Cordless Freedom Express and the Cordless Internet Pro I C N Desktop. Cordless Freedom Express is a f wireless keyboard/optical mouse combination with a PS/2 connection and is priced at $69. Cordless Internet Pro Desktop is a keyboard/optical mouse
        67 words
      • 58 31  -  Compiled by AMIT ROY CHOUDHURY HITACHI Data Systems has launched HitachiTagmaStore universal storage platform that helps companies to manage and organise disparate storage systems to work more efficiently. It is available in three models and has a maximum internal raw capacity of 332TB. Prices start from US$400,000.
        58 words
    • BizIT FOCUS: MOBILE EXECUTIVE
      • 965 32  -  Laptops have made the grade in reliability and mobility, and that's a boon for the mobile executive. RAJU CHELLAM reports RAJU CHELLAM Reliable mobility is not only one of our basic needs, it's also a vital prerequisite for life in major cities and for the
        FILE PHOTO  -  965 words
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    • 308 29 ft Global Business I f Process Outsourcing 2004 I yjV INSIGHTS INTO INDIA I Your Most Important BPO Decision I Make informed BPO decisions based on the latest and most K dependable information. Find all these and more at the Global I BPO Conference 2004. I Hear from industry leaders:
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    • 203 30 B; ill k pup "With Citrix, we saw a 200% a smile on my face. The $35 miUion we re savin g lT costs |1 1 fiVC WUI J 11 Sj! infrastructure for the on-demand enterprise IjX'Xj! 11' Jll 11! j Scotiabank, the second largest bank in Canada, was B
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    • 606 32 iWHBWHiMIBBIIMM These ultra-portable HP Compaq Business Notebooks are built to unwire your world. Like the HP Compaq Business Notebook nc6OCX). Designed to keep mobile professionals productive no matter where business takes them. That's because it comes loaded with Microsoft® Windows® XP Professional and packs the power r oki *ki of
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    • 20 32 This series is brought to you through an arrangement with m invent Thp MP fnmpaq Rticinow Your tnsted corporate companion
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