The Business Times, 28 October 2004

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Total Pages: 40
1 40 The Business Times
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  • Title Section
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    16 1 THE BUSINESS TIMES SMGAPORE 85 cents onfine aft http^/busine»timesLasial^oiiLsg MKA CP) 023*03/2004 Thursday October 28> 2004
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  • Article
    Lock icon Orchard Rd area renewal: who will gain
    1099 1  -  BT exclusive Brunei Investment Agency may be biggest winner if buildings in shopping belt are redeveloped By KALPANA RASHIWALA [SINGAPORE] The Brunei Investment Agency (BIA) could be the biggest winner of all the building owners in the Orchard/Scotts Road area if it redevelops
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  • Article
    Lock icon MARKETS DIGEST
    136 1 sn 1,959.05 (+1.64) ST INDEX FUTURES 1,960.00 (unch) SIMSCI 235.02 (+0.14) SIMSO FUTURES ***** (+0.80) MARKETS Wednesday Change KLSECOMP 851.17 -0.38 NIKKEI 225 10,691.95 +19.49 HANG SENG 12.838.71 -13.64 SET INDEX 626.85 -21.53 JAKARTA COMP 849.18 +783 MANILA COMP 1.***** +5.56 SEOUL COMP 809.91 -3.79 SHENZHEN B 233.73
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  • Article
    Lock icon CONTENTS
    48 1 TOP STORIES ...PG 2,3 COMPANIES... PG 4-7 MARKETS PG 8 BLUE CHIPS PG 9 SINGAPORE PG 10 ECONOMY PG 14 MALAYSIA. PG 15-16 CHINA/INDIA... PG 17 WORLD PG 19 AVIATION PG 19 EDITORIAL PG 26 LETTERS PG 27 SHIPPING PG 30 STOCKS PG 28-29 PROPERTY.. PG 39,40
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      11 1 RIOT AFTERMATH IN THAILAND Thai stocks, bahtplummet pg3 8 111 HI
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      46 1 COMPANIES O Rjnner Citiraya execs set up rival recycling Outfit PGS iH&EXi 1 i I M INVESTING 2004 mmm I Think it's time to give up on Asian stock markets? You might be making a big mistake. Read Investing 2004, a BT special today PGS 20-25
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      116 1 vn. Hir»"**£i atmr ■rM PROPERTY Ontoard/Scotts properties need more incentives to redevelop pgm INSURERS' INVESTIGATION Crackdown on churning of funds pg 10 B V /■ii^^^-^^Z^BB V /flw TAv HfPPHI» \w jr. \l\ fr^g^ f \1 JUM I"W\ FHQll# Lv fioii' ffBB m^»|p Jr jr ,mE riV r Ml '4.* JOB
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      644 2 Investors turn to ringgit in place of the yuan INVESTORS betting on a Chinese yuan revaluation are taking positions in the less-expensive, higher-yielding Malaysian ringgit and have pushed it to a premium against the US dollar in offshore forward markets in recent weeks. Kuala Lumpur has often said
      644 words
    • Article
      Lock icon UMG to spend US$91m more on fab here
      510 2  -  It also plans to buy all outstanding shares in UMCi by year-end By RAJU CHELLAM [SINGAPORE] The world's second-largest contract chip maker, Taiwan-based United Microelectronics Corp (UMC), is set to spend another US$9l million on capital equipment at its Singapore wafer fab
      510 words
    • Article
      Lock icon Durable goods orders up in Sept
      387 2 LATEST US DATA Reuters. Bloomberg [WASHINGTON] US orders for long-lasting durable goods rose by a smaller-than-expected 0.2 per cent in September, held back by another sharp fall in commercial aircraft, government data showed yesterday. US Treasury bond prices pared earlier gains on the report,
      Reuters.; Bloomberg  -  387 words
    • Article
      Lock icon Investors turn to ringgit in bet on yuan revaluation
      451 3 Reuters [SINGAPORE] Investors betting on a Chinese yuan revaluation are taking positions in the less-expen-sive, higher-yielding Malaysian ringgit and have pushed it to a premium against the US dollar in offshore forward markets in recent weeks. The ringgit has been effectively
      Reuters  -  451 words
    • Article, Illustration
      Lock icon Thai stocks, baht plummet
      686 3 VIOLENCE IN SOUTHERN THAILAND Analysts fear tourism industry may be hardest hit Reuters, AFP [BANGKOK] Thai stocks fell sharply and the baht dipped yesterday blit safehaven bonds were in demand after the latest violence in southern Thailand shook investor confidence, analysts said. Investors sold shares across
      Reuters,; AFP; AP; Source: Bloomberg  -  686 words
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      180 2 ju -*i^M —f v Hw o i m^ i I C*rqnosw*S I A-. (Gerd-R. Lang, majter watckmaker and founder of CKrono«wij« in M.unick.) 3 i i s Timemaster Flyback Ckronojrapb with automatic winding "Tk e past inspiring tli e future. Notking >park< my passion more tkan putting tke top down
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      396 3 Mam EPPB M ■ifrtfyi' t Jl I «|i| W i>- i x-v as-^V JE 'IMp (mMp "jflHk; JH jj||| ppqj^j 'iMfIHHI K^2l -9 16ppm Laser Print/Copy/Fax/Colour Scan Laser Print/Fax/Copy/Scan BMB memory J '"iii'lltf 1 WHM •Up to 40% toner save/toll save Fast 33.6 Kbps Super G3 fax *1 gppMMMBHM* 11
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  • COMPANY NEWS
    • Article
      Lock icon SingTel connects with Time dotCom, at last
      650 4  -  But latest deal not as attractive as proposed union 4 years ago: analysts By EDDIE TOH SINGAPORE Telecommunications (Sing Tel) has finally gained a toehold in the Malaysian telecom market through a much-delayed partnership with Malaysia's Time dot Com yesterday. But analysts said
      650 words
    • Article
      Lock icon How about holding a quarterly briefing, UOB?
      927 4  -  HOCK LOCK SIEW By SIOW LI SEN INVESTORS seem to be taking a breather on bank stocks despite a preponderance of "buy" calls for the sector from analysts. According to Thomson Financial, 21 out of 29 analysts have a "buy" on banks this
      927 words
    • Article, Illustration
      Lock icon Former Citiraya execs set up rival recycling outfit
      607 5  -  Cimelia's local plant to be in full swing by Feb, more plants planned By KENNETH LIM A TEAM of former Citiraya Industries executives have started a rival electronic waste recycling company and are wasting no time trying to overtake their alma mater
      CHRIS LOH  -  607 words
    • Article
      Lock icon MediaStream outlines plans to pay debts
      286 5  -  By ANDREA TAN LOSS-MAKING Media tream Ltd said OverseaChinese Banking Corporation has issued it a writ of summons claiming $9.5 million due under various banking facilities. Announcing this yesterday, the media production company said it has already taken steps to settle the debts, including
      286 words
    • COMPANY BRIEFS
      • Article
        Lock icon China Fashion seeks Sesdaq listing
        69 5 CHINA Fashion Holdings, a Zhejiang-based designer, manufacturer and distributor of branded goods for men, yesterday lodged its preliminary prospectus for a listing on Sesdaq. The company manages retail outlets through a franchise model with more than 350 franchisees and over 370 outlets in mainland China.
        69 words
      • Article
        Lock icon Wee Poh independent director quits
        34 5 WEE Poh Holdings said independent director Tan Kee Seng has resigned. Mr Tan also ceased to be chairman of its audit committee and a member of the remuneration committee.
        34 words
      • Article
        Lock icon C20's placement tranche fully taken up
        107 5 C2O Holdings yesterday said the placement tranche of 24 million shares in its initial public offer has been fully taken up. CTIII Ltd, Deutsche Asset Management (Asia) Ltd and UOB Asset Mahagement Ltd took up a total of 9.25 million shares or about 37
        107 words
    • Article, Illustration
      Lock icon NOL earnings expected to rise 1.7% in 03
      709 6 Shipping line benefiting from surging demand for China goods: analysts Bloomberg NEPTUNE Orient Lines, Singapore's largest shipping line, may saj third-quarter profit rose 1.7 per cent as it moved more cargo ansl raised rates, buoyed by surging demand for exports to the
      Bloomberg; FILE PHOTO  -  709 words
    • Article, Illustration
      Lock icon Creative's Q1 profit seen falling to US$6m
      573 6 Bloomberg CREATIVE Technology Ltd, whose MuVo and Zen music players compete with Apple Computer Inc's iPod, may say its fiscal first quarter profit fell on a lack of investment gains and higher marketing costs. Net income probably fell to US$6 million, or 7
      Bloomberg; AP  -  573 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      34 6 UNIT TRUSTS FUNDS LEGEND:All prices are indicative;Broadly Diversified; Narowly Focused;$ 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
      34 words
    • Article, Illustration
      Lock icon Informatics restructuring picks up speed
      496 7  -  New faces brought in to drive regional growth and boost academic quality By KENNETH LIM INFORMATICS Holdings' new chief executive Michael Teng, who in July said he wanted to move on from the accounting lapses that hit the group, is fast putting into action plans
      496 words
    • Article
      Lock icon CapitaLand eyes India's property market potential
      335 7  -  By VINCE CHONG CAPITALAND, which has made its first inroads into India this year through hotel arm Raffles Holdings and facilities management unit Premas, is also exploring opportunities there in other areas such as retail mall management and real estate-related financial services. Premas, an
      335 words
    • Article, Illustration
      Lock icon Oil, competition could hit AirAsia shares
      529 7  -  By VEN SREENIVASAN SHARES of Malaysian lowcost carrier Air Asia could be weighed down by sky-high fuel prices and the abundance of cut-throat competition, players say. Analysts in Kuala Lumpur have pegged the 12month price target for AirAsia's shares at between RM1.40 and RM1.48
      FILE PHOTO  -  529 words
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      60 4 China Sun Kernels of Growth, Endless Value j«g^^l lfy> l 11 *^H IiIHH Jt p BUB mm IHHHH What is that one common ingredient found in textiles, pharmaceuticals, paper, building materials, industrial chemicals, hair sprays, sunscreen and processed foods and can even be used to produce ethanol, an environmentally friendly
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      569 5 m f H v?a M felt Exclusive offers that 1 m you stay connected I 1 m on the move. I i f Be part of the moment. mths j I Sony Ericsson S 7o °i gjf| iTwo Plus Price Plan 1 262K Colour TFT Screen/ r Ca 1 nCOm,n
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      226 7 VIZION'I COMPLETION 2007 L_ J I _jz *Tj j £jr *|fj| Er -31 ■£ih m "St Mm m ffil ■|i U ff 1 IMF nWll" J£SI m „.s*r i rn rn 22 jC *7""" ft 3 j _z- 'ftA ry 5 it a t~ l H v It In association
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon A soft session that lacks focus
      528 8  -  STOCKS Dealers expect things to be quiet for at least the next two to three weeks with the US polls and local holidays R SIVANITHY Senior Correspondent TRY as you might, it was not possible to detect any clear focus or underlying theme to
      Source: Bloomberg  -  528 words
    • Article, Illustration
      Lock icon BROKERS' TAKE
      939 8  -  Compiled by KENNETH LIM f The deconsolidation ofSPCs perl formance (a 49 per cent associate) I resulted in the drop in sales, Ebitda (earnings before interest, tax, depreciation and amortisation) and consequent rise in associates' performance KepCorp stands out as a blue chip play on the oil gas
      Source: Bloomberg  -  939 words
    • Article, Illustration
      Lock icon Untitled
      424 8 OTHER SINGAPORE INDICES Oct 27 VALUE CLOSE BT OB/OS -372.00 -22.00 BTCADI -*****.00 -13.00 BT 10-day MA -*****.00 -37.00 All-SG Equities 511.51 +0.79 SG Equities Elect 153.69 -0.51 SG Equities Fin 1570.54 +2.58 SG Equities Prop 475.45 +1.67 SIMSCI 235.02 +0.14 SiMSCI Futures 235.30 +0.80 MOST ACTIVE STOCKS VOLUME FibreChem
      424 words
    • Article, Illustration
      Lock icon Asian units solid despite US$ uptick
      519 8  -  CURRENCIES LARRY WEE Senior Correspondent ASIAN currencies out-performed the US dollar yesterday even as Wall Street's overnight recovery brought the greenback a much-needed breather from its Tuesday lows elsewhere. Topping the list of gainers on the. Asian front was the Korean won, which forced
      Source: Reuters  -  519 words
    • TRADES TO WATCH
      • Article
        Lock icon JP Morgan buys 9m Magnecomp shares
        157 8 US Bank JP Morgan Chase Co bought some 9 million shares of hard-disk drive component maker Magnecomp International over the past week on the open market and now controls a 9.01 per cent stake from 5.16 per cent previously. No pricing information was disclosed,
        157 words
      • Article
        Lock icon DMX directors convert share options
        105 8 DMX Technologies directors Emmy Wu and Jismyl Teo have exercised share options at 75 cents apiece, instantly putting them in the money based on DMX's $1.02 close yesterday. Mr Wu. who is non-executive co-chairman of the IT solutions specialist, converted 1 million options yesterday through
        105 words
      • Article
        Lock icon Panpac directors' stakes raised
        136 8 PANPAC Media Group non-executive directors Low Song Take and Kevin Low Ka Choon saw their combined deemed stake increase to 13.64 per cent from 13.44 per cent on Tuesday after investment company International Press Holdings bought one million shares on the open market at 9.5 cents
        136 words
      • Article
        Lock icon Lantrovision director buys on market
        81 8  -  Compiled by KENNETH LIM LANTROVISION independent director Ho Swee Seng bought 200,000 shares on the open market on Tuesday at six cents each, increasing his direct stake to 0.135 per cent from 0.08 per cent. The director is also deemed to be interested in another
        81 words
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  • BLUE CHIPS
    • Article, Illustration
      Lock icon Concern over CMT's reliance on acquisitions
      922 9  -  S WONG WEI KONG Some analysts fear that its acquisition-for-growth strategy may not be as effective in the future, writes WONG WEI KONG IS the easy part over for Capita Mall Trust (CMT)? It blazed the trail for real estate investment trusts (Reits) two
      Source: Bloomberg  -  922 words
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      155 9 ,«a*. m v JMHPPerpetual Limited Edition in Platinum For Travel and Leisure ■jppflj^^g^^^ppijH^ijjjjljjljjpi The only perpetual that adjusts back AND forwards from a single crown, even in THE YEAR 2100. The hour hand jumps instantly to a new local time with pushers or Dual Time: the arrow HAND KEEPS TRACK
      155 words
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  • SINGAPORE NEWS
    • Article
      Lock icon Crackdown on churning of funds
      597 10  -  Insurers body looking into cases of 'improper switching'of funds By GENEVIEVE CUA INSURERS have begun to crack down on the churning of funds, a process that may eventually result in an overhaul of agents' commission structure. Alerted by a rise in the termination rate of
      597 words
    • Article, Illustration
      Lock icon Osama-linked elements plan 'something big' here: MM Lee
      540 10  -  By CHUANG PECK MING A TERRORISM expert has warned that Islamic extremists linked to Osama bin Laden afe planning "something big" for Singapore, Minister Mentor Lee Kuan Yew said in an interview televised last night. "They like big, spectacular events," Mr Lee
      FILE PHOTO  -  540 words
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      188 10 It's a hole new challenge. Make a date at the Carlsberg Golf Classic. i i I < rn S i,ifr ■jM: ML J. 0 Friday Movomber 12 2004 Carlsberg has always been proud to bring you premier golfing events, both ,f i i m re 9io n and around the
      188 words
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      21 10 Lianhe Zaobao I China I Construction I Bank takos out I 22-page ad to I recover I oidebts I Bgft B
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      177 11 1 jjf, m' 1 If ■Hhmrh ;r^l9^H -if E H9 "rl-'.'fe a »h-\j£v'i;^e!§|^HßH|^^^H jL- .|^^B -•"'■Lj .{'f M M ISBHhSHH ,:Mlr J u V 'wlm J| 19 ISp, b it DaN'T APPLY flv R»t.. ft d jJH I 'v^»^ H ■iS vii^M^t^ri^£^^^e w m^i ™«",>■, Ro. d to be ourselves.
      177 words
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  • SINGAPORE FOCUS: SERVICES
    • Article, Illustration
      Lock icon NGOs go global
      1085 12  -  NANDE KHIN highlights three Singapore non-governmental organisations working to raise their profile internationally NANDE KHIN EVEN as international organisations and foreign non-governmental organisations (NGOs) flock to Singapore to use it as a launchpad to widen their Asia-Pacif-ic, and even global, operations, local NGOs are actively seeking to
      FILE PHOTOS; AFP  -  1,085 words
    • Article
      Lock icon Untitled
      1360 12 STRAITS TIMES INDEX STOCKS Stodc imm Wt Oou Changt Stodi wnw g Oom Omww Allgreen 50c 0.29 1.020 -0.010 NOL 2.18 2.960 -0.010 BIL IntJ US20C 0.47 0.980 OCBC 10.48 13.500 -0.100 CapitaLand 1.30 1.890 +0.010 Parkway H 25c 0.69 1.440 -0.020 Chart SemiCond 26c 0 80 1.020 -0.020 People
      1,360 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon URA posts first deficit since 1985 for FY 2003/04
      507 13  -  It will continue to review and reduce its operating costs as far as possible By VINCE CHONG THE Urban Redevelopment Authority (URA) posted its first deficit since the 1985 economic recession for the financial year 2003/04, with operating revenue sliding 6.3
      Source: URA  -  507 words
    • Article
      Lock icon No quick fixes for retailers' woes
      427 13  -  By VINCE CHONG THE challenges facing retailers these days, such as technology and high rents, do not lend themselves to quick fixes in the form of handouts and rebates. These are not the solution, said Acting Minister for Community, Youth and Sports Vivian Balakrishnan
      427 words
    • Article
      Lock icon West Coast site to be put up for en bloc sale
      338 13  -  By ANDREA TAN HIN Seng Garden, one of the few large suburban sites available, will be put up for collective sale. The 237,000 square feet West Coast Way site has an asking price of $115 million. This works out
      338 words
    • Article
      Lock icon S'pore-lndia trade to hit US$10b
      342 13  -  By AMIT ROY CHOUDHURY TOP officials of the biggest Indian national apex body of business and industry, who met Prime Minister Lee Hsien Loong yesterday, expressed confidence that Singapore-India trade will touch US$lO billion within three years. Yogendra Kumar Modi, president of the Federation of
      342 words
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      360 13 Into Japan, as the economy improves and consumer confidence there continues to rise. Singapore companies too have taken advantage of the many opportunities that have arisen there, making it the Asian country with the most investments in Japan. Have you started your moves yet to get a piece of the
      360 words
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      65 13 r *^H^^^^BHHi IS nnwT^H^H jH 'fl K. u_j mSLmJ&m' WL ir w s mhi fl IKh u\ Twenty-4* by Patek Philippe THE HOUR GLASS SINGAPORE MALAYSIA (6865* 10 THAILAND TAKASHIMAYA S.C TIL 65 6734 2420 KUALA LUMPUR BANGKOK icons S.c. TEI 63-6235 7198 LOT 10 S.C JfL 6&3 2144 1620
      65 words
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  • ECONOMY WATCH
    • Article
      Lock icon Past recessions linked to oil hikes
      716 14 But OECD report concludes latest spike has only slowed growth marginally Reuters [LONDON] A recession could be staring the world's major economies in the face by next summer if history repeats itself and a 30-year rule holds true that output slumps after oil prices
      Reuters  -  716 words
    • Article, Illustration
      Lock icon Snow calls for end to China's yuan peg
      327 14 Bloomberg [MINNEAPOLIS] China's policy of a fixed-rate currency amounts to "mischief' that the US wants ended as soon as possible, US Treasury Secretary John Snow said. China has kept its currency, the yuan, close to 8.28 to the dollar for about a
      Bloomberg; AFP  -  327 words
    • Article
      Lock icon China urged to up interest rates in policy tweaks
      444 14 Reuters [BEIJING] China should fine-tune economic cooling policies by easing state-im-posed curbs on bank loans and raising interest rates when necessary instead, a top government think-tank and economist were quoted yesterday as saying. Debate on whether China needs to relax its
      Reuters  -  444 words
    • Article
      Lock icon US may bar China clothing imports
      210 14 Reuters [WASHINGTON] The Bush administration won't hesitate to restrict imports of clothing from China when domestic producers present a compelling case for that action, Commerce Secretary Don Evans said on Tuesday. "We are going to be very tough when it comes to enforcing our
      Reuters  -  210 words
    • Article
      Lock icon Risks multiply for consumers already deep in debt in US
      680 14 LAT-WP [WASHINGTON] According to data from the Federal Reserve, US households had US$9.7 trillion in mortgage and consumer credit debt at the end of June. Sound like a lot? It is. The figure represented more than 80 per cent of
      LAT-WP  -  680 words
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      146 words
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      112 14 PLAZA PARKROYAL Dinner 8. Dance Packages It's time to start planning your year-end bash party... check out Plaza Parkroyal's attractive packages from $450 nett for an 8-course Chinese Dinner or an International Buffet Dinner. For a minimum of 10 confirmed tables, you II get a free carton of wine, day
      112 words
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      13 14 The Musical" Cast Company *4 c«*t*»«€*u*( #01-10 Millennia Walk If 9 Raffles Boulevard
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      17 14 THE BLUE ELEPHANT ijl Tel: 6438-4888 #01-06 Millenia Walk, 9 Raffles Boulevard CATERING AVAILABLE CALL M *****5
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      28 14 MERITUS MANDARIN SINGAPORE CHINESE CULINARY CLASSICS Reservations: K|{w *****262/66 Bassri CHINESE RESTAURANT MERITUS MANDARIN t*k»t 333 Orchard Road, Singapore *****7. Tel: +65 6737 4411. Fax: +65 6732 2361.
      28 words
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  • MALAYSIA COMPANIES
    • Article, Illustration
      Lock icon Proton signs deal with Volkswagen
      512 15  -  It'll assemble and distribute Volkswagen cars in new partnership By EDDIE TOH in Kuala Lumpur PROTON Holdings has finally found a strategic partner in Volkswagen. But the German giant won't be taking a stake in Malaysia's national car-maker as part of their rather loose partnership.
      AFP FILE PHOTO  -  512 words
    • Article
      Lock icon Tenaga Q4 net 32% up but below forecast
      210 15 Reuters [KUALA LUMPUR] Malaysia's biggest power firm, Tenaga Nasional Bhd, reported a 32 per cent rise in quarterly profit yesterday, helped by firm power demand, but the result fell way below market expectations. The state-controlled monopoly distributor of electricity, which generates two-thirds
      Reuters  -  210 words
    • Article
      Lock icon Stern Stewards' pick of top 5 KL wealth creators
      336 15 [KUALA LUMPUR] Public Bank Bhd, 101 Corp Bhd, British American Tobacco (M) Bhd, Malaysia International Shipping Corp Bhd (MISC) and OYL Industries Bhd are Malaysia's top five wealth creators during the April 1999-2004 period, an independent study revealed. On the other
      336 words
    • Article
      Lock icon MemsTech set to bag US$50m Ford deal
      253 15 Reuters [KUALA LUMPUR] Malaysia's Mems Technology Bhd is set to win a US$5O million deal to supply memory sensors to Ford Motor Co, the second largest US automaker, sources close to the company said yesterday. The deal, expected to be wrapped up by
      Reuters  -  253 words
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      528 15 ■|H Cdl IdMree IMO *****2 In The Matter Of The Companies Act. Cap. 50 And In The Matter Of Creative Cruises Pte Ltd Company Reg. No. *****1878G (In Members" Voluntary Liquidation) Members' Voluntary Winding Up At an Extraordinary General Meeting of the Members of the abovenamed Company duly convened and
      528 words
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      242 15 URGENT AUCTION VALUABLE SEIZED MERCHANDISE High Value Bank Collateral Assets impounded under Preventive Distraint in enforcement of Court Injunction ordered to be sold by Major International Bank in the exercise of a lien against a very substantial unpaid loan to a leading Persian carpet wholesaler together with other outstanding consignments/
      242 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon KL aims to keep electricity tariffs low
      264 16 [KUALA LUMPUR] The Energy Commission will not allow any upward revision of electricity tariffs by Tenaga Nasional Bhd (TNB) unless an increase is justified and will result in more efficient power distribution in the country, The Star reported yesterday. According to commission chairman
      264 words
    • Article
      Lock icon Two Indonesian banks' earnings double
      435 16 Jump in consumer loans as rates fall benefits Bank Negara, Bank Lippo Bloomberg [JAKARTA] PT Bank Negara Indonesia, the nation's third-biggest bank, and PT Bank Lippo reported profit more than doubled in the first nine months of this year as a decline in interest rates
      Bloomberg  -  435 words
    • Article
      Lock icon PT Astra's 9-month profit up by more than 10%
      351 16 Bloomberg {JAKARTA] PT Astra International, Indonesia's biggest car distributor, said profit in the first nine months of the year rose more than 10 per cent as new models and a decline in interest rates bolstered sales of cars and motorcycles. "Sales
      Bloomberg  -  351 words
    • Article
      Lock icon KUALA LUMPUR STOCK EXCHANGE
      4 16
      4 words
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      1851 16 289 8822/bMftMtices@sphxom£g THE BANK OF TOKYO-MITSUBISHI, LTD. And Subsidiaries Head Office 7-1, Marunouchi 2-chome, Chiyoda-ku, Tokyo 100-8388, Japan. Singapore 9 Raffles Place, #01-01, Republic Plaza, Singapore *****9. CONSOUOATED BALANCE SHEETS, MARCH 31.2003 AND 2004 roRTWreC«L«!MBIDm»S^«, I S^2oS*ND2OO« n— Cash and due from banks (Note 10) 3,764,779 £764.182 Loans, including fees
      1,851 words
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  • GREATER CHINA/INDIA
    • Article
      Lock icon Taiwan to let China insurers open offices
      468 17 Banks, securities firms may be allowed later, says policymaking body Bloomberg [TAIPEI] Taiwan regulators have in principle agreed to let Chinese insurance companies open offices on the island, and may later allow access to Chinese banks and securities firms, the island's top China
      Bloomberg  -  468 words
    • Article, Illustration
      Lock icon SHANGHAI CLOTHESLINE
      26 17 [SHANGHAI] Chinese models parading the creations of Swedish designer Lars Nilsson for Nina Ricci during the 2004 Shanghai Fashion Week on Tuesday. —AFP AFP
      AFP  -  26 words
    • Article
      Lock icon HK to merge broadcast, telecom regulators
      132 17 Bloomberg [HONG KONG] Hong Kong will merge its telecommunications and broadcasting regulators to deal with the "convergence" of broadcasting, the Internet and phone service, said John Tsang, the city's secretary for commerce, industry and technology, yesterday. The government wants to create a more responsive
      Bloomberg  -  132 words
    • Article
      Lock icon China opens top broking jobs to foreigners
      289 17 Reuters [SHANGHAI] China will allow foreigners to take up senior executive posts in brokerages for the first time, regulators said yesterday, the latest step towards revamping a crucial but loss-making industry. The move is aimed at tightening supervision, analysts said, and comes a
      Reuters  -  289 words
    • Article
      Lock icon China property market still hot
      275 17 Govt measures not reining in prices enough: report AFP [BEIJING] Soaring property prices in China suggest the government's macro-con-trol measures are not adequately addressing overheating in" the real estate sector, state press said yesterday. "The prices are beyond the reach of many people despite the
      AFP  -  275 words
    • Article
      Lock icon Second theme park may be built in Hong Kong
      181 17 AP [HONG KONG] A second US theme park could be built in Hong Kong in addition to Disneyland which is scheduled to open late next year, local newspapers reported yesterday. Financial Secretary Henry Tang said Disneyland won't be able to accommodate
      AP  -  181 words
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      Lock icon Dassault faces charges of shady deal in India
      468 17 AFP [NEW DELHI] Allegations that French aeronautic group Dassault used middlemen to push aircraft sales in India have raised a media storm here as French Foreign Minister Michel Barnier arrived yesterday. With the Indian government banning middlemen in defence contracts, The Hindu
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      30 17 76 Bras Basah Road Singapore *****8 Tel: (65) 6338 8333 Fax: (65) 6339 6866 Email: roomreservations@carlton.com.sg www.carlton.com.sgwww.carlton-hotel.net A MEMBER OF CARLTON GROUP OF HOTELS AUCKLAND BRISBANE MELBOURNE PARRAMATTA SINGAPORE SYDNEY
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  • ASIA-PACIFIC/WORLD
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      Lock icon SEC votes 3-2 to extend oversight to hedge funds
      399 18 More than 1,000 hedge funds are expected to sign up with the regulator Bloomberg [NEW YORK] US Securities and Exchange Commission chairman William Donaldson won his fight to extend SEC oversight to hedge funds, passing regulations opposed by the US$B66 billion
      Bloomberg; AP  -  399 words
    • Article
      Lock icon Siam Cement posts biggest quarterly profit in 6 years
      271 18 Bloomberg [BANGKOK] Siam Cement pel, Thailand's largest maker of cement and petrochemicals by market value, posted its biggest quarterly profit in six years on higher earnings from sales of petrochemicals used to make plastics. Net income in the third quarter more
      Bloomberg  -  271 words
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      Lock icon Reclaming power from market forces
      689 18  -  JAPAN INSIGHT ANTHONY ROWLEY Tokyo Correspondent THE late 1980s, specifically the Reagan-Thatcher era, saw an exaggerated faith develop in the magic of the marketplace and the legacy of this has come back to haunt us now in the shape of some examples of what could
      689 words
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      55 18 -V... _»«W TWO SINGAPOREAN ICONS Both are an integral part of the Singapore landscape. Both are recognised by Singaporeans. Both are viewed as symbols the only one has a bold new look and 3 fresh weekly magazines. ■r» a ■TJ9 WrtaiiMwi rM2m> ■Jk t HV* JS!H 'H Sj^^KM •wgSwS?* jf*\-
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  • WORLD
    • Article, Illustration
      Lock icon Cingular completes US$41b purchase of AT&T
      517 19 FCC approval creates the nation's biggest mobile phone provider [NEW YORK] Cingular Wireless completed its purchase of AT&T Wireless on Tuesday after the Federal Communications Commission (FCC) signed off on the US$4l billion deal that creates the country's largest mobile phone provider. The FCC
      AP  -  517 words
    • Article
      Lock icon DoCoMo to post 497b yen gain from AT&T sale
      121 19 Bloomberg [TOKYO] NTT DoCoMo Inc, the world's second-largest mobile-phone company, will post a 497 billion yen (557.75 billion) gain from the sale of its stake in AT&T Wireless Services Inc to Cingular Wireless LLC. The company will post the gain as
      Bloomberg  -  121 words
    • WORLD WATCH
      • Article
        Lock icon Opec head urges US to use emergency oil reserves
        87 19 Reuters [JAKARTA] Opec has taken the unprecedented step of urging the US to use its strategic petroleum reserve (SPR) to bring down world oil prices. Purnomo Yusgiantoro, the president of Opec, said he had approached Washington to suggest the move to
        Reuters  -  87 words
      • Article
        Lock icon SAP denies merger talks with Microsoft
        72 19 AFP [FRANKFURT] SAP, the world's largest supplier of business software, denied press reports that suggested it was again negotiating a possible merger with US giant Microsoft. "There are no talks underway and we have no intention of restarting dialogue with Microsoft," a company spokesman
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      • Article
        Lock icon Marsh & McLennan announces new business plan
        51 19 Marsh McLennan announces new business plan AP [NEW YORK] A day after sacking its chief executive officer, Marsh McLennan Companies Inc announced that it was adopting'' significant reforms" to its business operations, including the permanent elimination of incentive fees at the centre of a price fixing and bid rigging probe.
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      • Article
        Lock icon AIG shareholders sue directors over Spitzer's probe
        69 19 Bloomberg SHAREHOLDERS of American International Group Inc, the world's largest insurer, sued directors on behalf of the company .claiming the board failed to prevent illegal bid rigging. American International was mentioned as a participant in a phony bidding system in a civil suit
        Bloomberg  -  69 words
      • Article
        Lock icon Unilever Q3 profit falls 2 per cent as sales flag
        102 19 AFP [LONDON] Unilever PLC, the Anglo-Dutch consumer goods giant, reported that its pretax profit fell 2 per cent in the third quarter after sales of ice cream, soft drinks and household goods were hit by poor European weather, weak consumer
        AFP  -  102 words
      • Article
        Lock icon Boeing reports 78 per cent jump in Q3 profit
        78 19 Reuters [NEW YORK] Boeing Co reported a 78 per cent jump in third quarter profit of US$456 million, topping estimates, on the strength of its defence and commercial aircraft building operations, and raised its earnings forecast for 2004. Boeing also raised
        Reuters  -  78 words
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        Lock icon Procter & Gamble profit climbs, outlook maintained
        78 19 Procter Gamble profit climbs, outlook maintained Reuters [NEW YORK] Consumer products company Procter Gamble said quarterly profit jumped 14 per cent to $2 billion, or 73 cents per share, in the first quarter ended in September, up from $1.76 billion a year earlier, boosted by strong sales and a gain
        Reuters  -  78 words
      • Article
        Lock icon GE Money agrees to buy Aust' s Wizard Home Loans
        85 19 Reuters [SYDNEY] GE Money, a unit of General Electric Co, has agreed to buy Australia's largest wholesale mortgage funder and mortgage originator, Wizard Home Loans, with total loan assets of Asl4 billion (5517.4 billion). The purchase of Australian Financial Investments
        Reuters  -  85 words
    • Article
      Lock icon EDS offers 9,200 staff golden handshake
      170 19 Reuters [NEW YORK] Electronic Data Systems (EDS) on Tuesday made a voluntary early retirement offer to about 9,200 US employees as part of its plan to reduce 20,000 jobs over the next two years and will take a fourth quarter charge. EDS, the world's
      Reuters  -  170 words
    • Article
      Lock icon Bush, Kerry deadlocked for voter support: polls
      472 19 Pennsylvania, Ohio and Florida are key deciding states Bloomberg [WASHINGTON] President George W Bush and Senator John Kerry are deadlocked for voter support nationally one week before the election, polls by The Washington Post, the Los Angeles Times and Reuters/Zogby show. Mr Kerry,
      Bloomberg  -  472 words
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      152 19 4W l.u.c TWIN Outstanding design for exceptional precision LU.C TWIN. Self-winding chronometer, double spring barrel L.U.C 'Twin", W H integrated rotor. Guilloch6 dial, small centre seconds. lK 'Mk:m Wr'---i H j I IML i MJMB Mi i F Hfl| HI F mm l 7 v| &/scfeabc/ MANUFACTURE The LU.C collection
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  • THE BUSINESS TIMES Investing 2004
    • Article, Illustration
      Lock icon Tough to find good investments
      1051 20  -  Big changes in the economic situation make deciding where to invest a daunting task, TEH HOOI LING sums up the options available TEH HOOI LING WE live in strange times. Many structural -4 changes are taking place in the domestic economy as well as the
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      Lock icon Are decent returns history?
      867 21  -  Despite a decade of poor returns from Asian stock markets, assuming tnat it will be more of the same ahead would be wrong, says LIM CHUNG CHUN LIM CHUNG CHUN IT'S been a decade of disappointments for investors in Asian stock markets, which were hit by
      Source:Fundsupermart.com; AFP  -  867 words
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      Lock icon Doing your homework pays off in IPO game
      939 22  -  IPOs can reap handsome rewards but investors must be discerning in their choices, reports KENNETH LIM KENNETH LIM WITH a glowing outlook in every prospectus and a trend of discounted pacing, many retail investors in Singapore have been drawn to the inviting
      REUTERS  -  939 words
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      Lock icon Selective exposure to bonds may be appropriate
      1101 22  -  By STEVE BRICE FIXED income securities as an asset class have done well over the past 25 years, largely because of the increased focus on inflation targeting since the 1980s. In the late *****, the world economy was hit by the second oil
      Source: Standard Chartered Bank  -  1,101 words
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      Lock icon Time for a re-think on hedge funds?
      863 24 A case can be made for including them in a balanced portfolio in a post-bear market THE three-year bear market saw many investors lose over half the value of their investments but for those invested in hedge funds some solace was at least
      Source: Pioneer Alternative Investments/Bloomberg; AFP; Source:  -  863 words
    • Article, Illustration
      Lock icon Whither prime properties?
      1235 25  -  SOON SU LIN and HANNAH TAN give a rundown of the top-end residential market in Bangkok, Shanghai and Singapore SOON SU LIN, HANNAH TAN NEARLY all of the Asia-Pacific's leading economies have been generating positive economic data this year and the outlook remains bright in the coming
      1,235 words
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      291 20 j Unlock the value in your overseas property l fs* I h iS* S'i" •v Current historically low interest rates have created a unique scenario. While some lending rates are relatively very low, residential property values in jurisdictions such as the UK, Australia, New Zealand, Canada and USA are relatively
      291 words
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      11 20 mm jp^i-"-]^HT' f£HX gJJT 'IkJ I g||M,: I |<W" V >Jft
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      140 21 m You, and ÜBS. That's how we see the heart of our business. Where our teams are dedicated to understanding your needs, delivering the right kind of solutions, and helping you to succeed. Of course this demands top tier advisory and executional capabilities across investment banking, equities, fixed income, rates
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      310 23 lHHßfej§®"-' v I -]r SHEe^ %s Jfc-.^>V>f.- t i Isfe ■Klf < ''C.;iiife... -vV ;'v"aß, TBHBn! Z- :"i«Kfe S^^v. **.*,v r if?■wife if 1 B I HMgb If I 818 nm^^^^^^^tA'4''' <v hi I b Mfe-> If II I 11 I I HI I I I -<iH^H iliW—Hmi ii i
      310 words
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      282 24 H H Always wanted more than ordinary interest rates? 'UOB Fixed Deposit Plus Best of 2' is a structured deposit that gives you a potential bonus interest based on the best quarterly returns of 2 global indexes which track the performances of the world's biggest companies. Up to 15.9%* guaranteed
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      421 25 A Wor/#slts Ssloo* Ssl2s te-£s» 26 Nov /16 Dee, 7pm 10pm 17 Nov, 7pm 10pm w-.TT. xJT r 2 Bss!% ># m wlf& H Technical Analysis is best uasd for the tracing of future indices, oommoditie*, i foreign exchange and stocks. The knowledge gained wM sharpen your skffls for profitable
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  • EDITORIAL & OPINION
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      Lock icon The Asian dilemma
      513 26 EDITORIAL DURING Asia's financial crisis seven years ago, it was reported that hapless victims like South Korea had sold so much of the US currency to stop their currencies from crashing that they ran out of foreign exchange reserves. Traumatised in part by that, they have since
      513 words
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      Lock icon Protecting Americans' inalienable right to vote
      760 26  -  THE BOTTOM LINE ROBERT SAMUELSON CURTIS Gans, the director of the Committee for the Study of the American Electorate, expects between 118 million and 121 million Americans to vote next week, up from the 105 million who voted in 2000. The larger figure would
      760 words
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      Lock icon Rooting for Kerry
      1020 26  -  Tired of Euro-bashing by the Bush administration, most EU leaders are hoping for a leadership change in the US SHADA ISLAM Brussels Correspondent THEY may be carefully steering clear of any meddling in the increasingly heated US presidential contest but it's an open secret in Brussels and
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      Lock icon IN OTHER WORDS
      60 26 'Voting is a habit and many new voters are people who do not have the habit.' John Green of the University of Akron, on the potential turnout of new US voters 'President Bush says the presidency is hard work. Well, ladies and gentlemen, I'm happy to relieve
      60 words
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      Lock icon Time to ditch your fixed line service
      1306 27  -  Broadband has finally broken through to consumers and making phone calls over the Internet is cheaper and easier than before By CHRIS OAKES International Herald Tribune IF you happen to live in France, or have visited the country recently, a current promotion may
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    • Article
      Lock icon Raise standards of CSR reporting to attract investors
      485 27  -  LETTERS TO THE EDITOR Penelope Phoon Head of ACCA Singapore I REFER to "The rise of corporate social responsibility" by Daniel Buenas (Hock Lock Siew, Oct 25). Only a decade or two ago, a corporation's success was judged by the quality of
      485 words
    • Article
      Lock icon 'China plays': they really'sell and deliver'
      297 27  -  Narayana Narayana Singapore A FEW days ago, an article in another publication said that "45 of the new listings between January and last month (September 2004) are trading below their offer prices". After the debut of Star Hub, chalk up one more. "China plays"
      297 words
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      174 27 ■nRHIH,; Call toll-free 1800 289 8822 A r FORM 69(3) NOTICE OF INTENDED DIVIDEND Name of Company D.S.E ENTERPRISE PTE LTD (In Liquidation) Company Registration No. *****0771E Address of Registered Office c/o The Liquidator's Office Court High Court of Singapore No. of Matter No. *****5 of 2001 Last Day for
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  • Page 27 Miscellaneous
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      101 27 CRYPTIC CROSSWORD 30 some S iity^Vt)" YESTERDAY'S SOLUTION Scratch, 10 On the flat, 11 Tinware, 2 The port knocks Edna out (4) n Shebeen, 13 Heat of the mo- Down: i Mismatch, 2 Gardenia 3 ied. 17 Threshed, 18 Tailed, 19Bad--3 Be under the impression the ment, 18 Toby-jug, 20
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  • Article
    Lock icon SINGAPORE STOCKS
    2177 28 SGX XTRANET 2L iff My LMQuota GrDiv Dtv GrYtd MM MCap Hy.L-.CH. s«te W- (1W) m U»«n» S*l cv he 13 6065 Diamonds US2060cd 2120 6095 IS D J US Tech US3740 6097 IS MSCI Spore USSSScd 6101 ISSAP500 _US8270 ********** 6170 SPDKS US ***** I I I
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      59 28 JSSSjp AtDEMARSPIGUET Le maitre de I'horlogerie depuis 1875 fHmm m jJHjJ M I Regional Agent, Showroom Service Centre: AUDEMARS PIGUET (SINGAPORE) PRIVATE LIMITED. Cortina watch 501 orchard Road iOS-10/ll Wheelock Place Singapore *****0. Tel: 6238 6678 Fax: 6238 6676. Espace Boutiq(je MjUenja Walk TeL 6339 m 8 internet. n«p.//www.audemarspiguet.com Paragon
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  • Article
    Lock icon FINANCE & COMMODITIES
    2727 29 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local curr In SS hi IKS dy yr dy yr dy Syr Oct 26 Index Change Change Chang* Chang* Chang* Change World Index Preliminary 783.2 0.3 0.6 0.3 -0.7 0.3 1.4 t EAFE Preliminary 720.5 0.2 2.7 0.1 2.1 02 4.3 Europe
    2,727 words
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  • SHIPPING
    • Article, Illustration
      Lock icon SembCorp Marine clinches long-term LNG fleet repair deal
      474 30  -  The US$45m contract will involve dry docking for refits, repairs and other services By GEORGE JOSEPH [SINGAPORE] SembCorp Marine has made a breakthrough in repair contracts for LNG carriers, clinching a long-term deal from Australia's North West Shelf (NWS) venture to repair
      474 words
    • Article
      Lock icon Oil tanker detained after collision
      134 30 Bloomberg [LONDON] An oil tanker operated by Teekay Shipping Corp was detained by the Danish Maritime Authority after colliding with a container ship on Monday night. The double-hulled vessel Bergitta hit the container ship Eyra at 10.31 pm in the southern part of the Great
      Bloomberg  -  134 words
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      Lock icon TRANSPORT STOCKS
      271 30 SGX '000 Oct *7 S5 W <tu CHOHrfwre— A39 -0.08 526 CNamMio .066 -OBI 4883 Coaco Corporation _...1<4 undi MS8 CWTDotributkm 0.56 L»xh 193 EaaHdgi 1.16 i*xh 320 Freight Lmfa. a 10 i**h to* V «*J Banks Yach* 083 001 78 JmfHottngi 1.03 unch 154 K1 Venture 026
      271 words
    • Article, Illustration
      Lock icon US port limbo frustrates retailers as holiday sales-push nears
      1022 30 NYT (NEW YORK) America's retailers, gearing up for their annual sales push for the December holidays are being forced to wait longer than usual this year for Asian-made goods that thanks to a backup of cargo ships, railroads and truck lines
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    • Article
      Lock icon Australia set to cut anti-trust immunity for liner shipping
      584 30  -  It says exporters, importers better served by greater competition By DAVID HUGHES in London IN the latest international move against liner conferences, which allow shipping companies to either set prices collectively or at least discuss pricing, Australia looks set to restrict,
      584 words
    • Article
      Lock icon Ship scrap prices drop in India
      292 30 Bloomberg [SINGAPORE] The price paid by Indian buyers for ships to be scrapped and turned into recycled steel fell as local steel plate prices dropped. Earlier this month, Indian ship scrap prices matched those in Bangladesh, the highest-paying market this year, as local recycled
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      339 31 /Ml/5 I I Northwest Shelf Shipping, Australia Congratulates SembCorp Marine on the award of our long-term LNG refit contract NWS Shipping firmly believes that for any MHSMi _J partnership to be successful, it must be WMWMBBBj J HHj forward-looking with a clear and well I HJH defined focus. We look
      339 words
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  • AVIATION
    • Article
      Lock icon Airline losses may exceed US$3-4b despite boom: lata
      238 32 AFP [SINGAPORE] Despite rising traffic, losses for global airlines may well exceed the US$3-4 billion forecast this year if oil prices stay at record highs, the main industry group said yesterday. Giovanni Bisignani, di-rector-general of the International Air Transport Association (lata), said
      AFP  -  238 words
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      Lock icon US probe blames pilot error for 2001 Airbus crash
      488 32 AFP [WASHINGTON] US government investigators on Tuesday blamed pilot error for a November 2001 crash of an American Airlines Airbus, which killed 265 people leaving New York for the Dominican Republic. The investigator, Robert Benzon, said the jet's co-pi-lot had made
      AFP; REUTERS  -  488 words
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      Lock icon ATA latest US carrier to file for bankruptcy
      473 32 It also sells off airport slots and other assets to AirTran Airways AP [INDIANAPOLIS] ATA Airlines, the lOth-largest US carrier, filed for bankruptcy protection and sold off airport slots and other assets to AirTran Airways Inc for US$B7.6 million to become the
      AP; REUTERS  -  473 words
    • Article
      Lock icon Mexico nod for airline consolidation
      169 32 AP [MEXICO CITY] Mexican anti-trust regulators have responded favourably to a plan that would consolidate the country's trto largest airlines, Aeromexico and Mexicana de Aviacion, into one larger carrier in order to attract would-be buyers, officials said on Tuesday. In a statement, holding company Cintra
      AP  -  169 words
    • Article
      Lock icon Cathay seeks to extend fuel surcharge
      203 32 Bloomberg. Reuters [HONG KONG] Cathay Pacific Airways, Asia's sixth-largest carrier, said it plans to extend a surcharge on tickets after the end of November to cover soaring fuel costs. The airline applied to Hong Kong's Civil Aviation Department to extend the fee, spokeswoman Carolyn
      Bloomberg.; Reuters  -  203 words
    • Article
      Lock icon Air NZ plans discounted rights offer
      531 32 Carrier forecasts decline in pre-tax earnings Bloomberg [WELLINGTON] Air New Zealand Ltd. the nation's biggest airline, plans to sell new stock to shareholders at a discount, to strengthen its balance sheet before using debt to buy new aircraft. The Auckland-based carrier expects to raise
      Bloomberg  -  531 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      390 32 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
      390 words
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      516 35 A MYANMA FIVE STAR UNE (Mvamor National Line) Loading for Yaqoo vessel vor sw ra pen rail M6AN 336W 05/11 31/10 HM-AK 326W SU) IN MALAYSIA: IOUSTEAD SHIPPING AGENCIES KUI/PKL 03-300 SUM PEN: 04-2****** ACCEPTING CONVENTIONAL C6O HUG SIN HKG SIN PGU PKI KUC OCEANIA QUEEN 125 SU) SID SU)
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  • BizIT
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      Lock icon Web hosting is coasting ahead
      460 37  -  Spending on Web hosting services in Asia-Pac will cross US$924m by 2008 from US$521m this year. Sing Tel leads region in data hosting, reports RAJU CHELLAM RAJU CHELLAM SMALL companies across Asia are outsourcing their Web hosting and managing needs to specialised firms in a
      Source: IDC Asia-Pacific  -  460 words
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      Lock icon Computer Associates looks to shape up
      420 37 LAT-WP [NEW YORK] Computer Associates International Inc (CA), a company that spent the better part of the past two decades gobbling up rivals, has quietly taken some steps that could spruce it up for a possible takeover. Last week, its board approved a change-in-control
      LAT-WP  -  420 words
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      Lock icon Apple introduces colour screen iPod
      298 37 It also unveils digital collection of U2 's songs AP [SAN JOSE, California] Apple Computer Inc on Tuesday introduced a new larg-er-capacity iPod with a colour display as well as a first-of-its-kind digital compendium of the rock band U2's songs. U2's lead singer Bono and
      AP; AFP  -  298 words
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      Lock icon Oracle opens tech solutions centre here
      358 38  -  The $11 million centre aims to boost technological innovation in Asia By ROLAND LIM AJN initiative started in July 2003 by software giant Oracle and the Economic Development Board (EDB) cjame to fruition yesterday when Oracle officially opened its $11 million regional technology solutions
      FILE PHOTO  -  358 words
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      Lock icon Talk by free software champion
      143 38 Stallman to speak on intellectual property rights at SMU FREE software evangelist Richard Stallman will be giving a talk at the Singapore Management University (SMU) on Monday. Mr Stallman, founder of the Free Software Foundation and the GNU Project, will speak on the free software
      143 words
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      Lock icon Hello World, S'pore calling via VoIP
      227 38  -  By ARTHUR LEE MAKE a free overseas call. And many did, using Mediaßing's Global Talk Internet-based phone service at a roadshow organised by the mainboardlisted telephony firm. The event, held outside Caltex House, was aimed at promoting awareness of Voice over Internet Protocol (VoIP)
      ARTHUR LEE  -  227 words
    • Article
      Lock icon Red Hat sees half of sales outside US in one year
      451 38 Increasing demand for Linux software benefits distributor Reuters [FRANKFURT] US-based Red Hat Inc. the world's top distributor of open-source Linux software, expects its international business to increase to half its sales within 12 months, an executive said on Tuesday.
      Reuters  -  451 words
    • Article
      Lock icon IBM to boost sales to small businesses
      160 38 Bloomberg [NEW YORK] International Business Machines Corp (IBM), the world's largest seller of computers, will spend US$5OO million to boost sales to small businesses as part of a US$lO billion push to offer pay-as-you-go services. IBM will invest US$3OO million in partners such
      Bloomberg  -  160 words
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      Lock icon Price of Sony's PSP comes as a surprise
      253 38 AP [TOKYO] Sony Corp defied widespread expectations yesterday, announdng a price more fitting of a video-game machine than a slick movie-playing gadget for its new Play Station Portable —19,800 yen (Ss3o9). Ken Kutaragi, executive deputy president in charge of Sony's game business,
      AP  -  253 words
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      345 37 HED9HV fl nfriiffrrJ a I 1 DB2 DOESN'T LOCK YOU IN. YET ANOTHER REASON WHY DB2 IS THE WORLD'S LEADING DATABASE PLATFORM. DB2 is middleware and it's central for Oracle up to four times higher Fortunately, IBM offers ongoing, to your data management. In fact, than DB2. Solitaire claims that
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      270 38 The essentials of imaging KONICA MINOLTA BaP" ■*s« Lfe ■Ml > 1 Afl Mf* >■ i. "T W The freedom to do business without bounds. Four businesspeople. Four locations. One bizhub. With bizhub, they're all connected while also having the power to freely access the data they need, anytime from
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  • PROPERTY WATCH
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      133 39 i 7! Got the right home? Now get the right home loan. 4 1 HCTI 1 JKILB Buying a house in Singapore is a heavy investment. However, you can still have the freedom to live life the way you want, with HSBC home loans. 1 < I Enjoy these benefits
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      43 39 HSBC <Z> The world's local bank This is a monthly series brought to you by HSBC. To find out more about HSBC home loans or for a special preview of The Nexus this weekend, contact us on 1800 HSBC NOW (1800 4722 669).
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  • PROPERTY
    • Article, Illustration
      Lock icon Orchard/Scotts properties need more incentives to redevelop
      805 40  -  Tapping potential 7% additional gross floor area won't be enough: JLL study By KALPANA RASHIWALA BUILDING owners in the prime Orchard/Scotts roads shopping belt on the whole could generate only about 7 per cent additional gross floor area (GFA) if they were to
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      29 40 V M«hi l®pi Tf i g] Mj 1[ EC B jjJ I n UNCH EXH ■■|sth (Fri),6th (S«t) and 7th (Sun) November 2004 from I lam to 7pm J
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      86 40 Orchard Road Vicinity Site For Sale "V 77 WTTA.'-l- 3 minutes walk to /fLvvJr Orchard Road J" Approx. 29,078 sq ft Plot ratio 2.8 j' Height control up to //isSv. 36 storeys v Sr Freehold j M Invitation for Expressions U f lnterest CBRE Tel: 6224 8181 CB RICHARD ELLIS
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