The Business Times, 4 November 2004

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Total Pages: 32
1 32 The Business Times
  • 8 1 THE BUSINESS TIMES SING online MC*r)«aiaKM» ThunKtyNowmb«r4 2004
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  • 741 1  -  Market takes off even before Kerry concedes defeat in lynchpin state Ohio By ANDREW MARKS, LARRY WEE WHEN Americans headed to the polls on Tuesday, Wall Street hoped for two results a victory for Republican President George Bush and, probably more importantly, a
    REUTERS  -  741 words
  • 512 1  -  BT exclusive MGM-Mirage aims to build closer ties with its regulars By DANIEL BUENAS [SINGAPORE] Some of Sin gapore's casino "high rollers" individuals with credit lines of USS2SO,OOC or more and guests, totalling around 250 people in all, will attend a
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  • 132 1 sn 2,017.43 (+22.05) ST INDEX FUTURES 1,996.00 (-1.00) simso 242.15 (+2.40) SIMSa HJIURES 243.40 (+3.10) MARKETS Wednesday Change KLSECOMP 878.45 +4.28 NIKKEI 225 Posed HANGSENG 13,397.67 +88.93 SET INDEX 641.29 +9.30 JAKARTA COMP ***** >8.97 MANILA COMP 1,827.32 +17.78 SEOUL COMP 861.05 >1438 SHENZHENS 226.79 >352 BOMBAY IND
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  • 43 1 TOP STORIES ...PG 2*3 COMPANIES... PG 4-7 MARKETS PGR MID CAPS PG9 SINGAPORE PG 10-11 ECONOMY PG 13 M'SIA/INDON ..PG 14 CHINA/INDIA ...PG IS WORLD PGI7 AVIATION PGIS SHIPPING PGI9 EDITORIAL PG 20 STOCKS JPG 22-23 BIZIT PG 28-29 PROPERTY.. PG 30-31
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  • Page 1 Advertisements

  • TOP STORIES
    • 349 2 'My hope was for Kerry because of his pro-business policies, but the numbers seem to point to Bush. We don't expect the election result will have any impact on our US business.' Cygenics Group CEO Steven
      349 words
    • 622 2  -  Terminal operator says petrochem industry showing interest in region By RONNIE LIM [SINGAPORE] There is a strong likelihood of new multi-billion dollar petrochemical investments coming to Singapore, with the chemical industry showing renewed interest in the region after earlier focusing on China, a
      PHOTO CHRIS LOH  -  622 words
    • 655 2 Great Eastern Q3 earnings edge up 2% to $64.5 m GREAT Eastern Holdings, the insurance arm of OCBC Bank, yesterday said net profit increased 2 per cent for the third quarter as earnings from insurance operations rose while investment profits fell. Net profit for the period ended Sept
      655 words
    • 1012 3  -  Bush wins majority of both electoral vote and popular vote this time, unlike Florida in 2000 By LEON HADAR in Washington FOLLOWING one of the most spirited election campaigns in US history and against the backdrop of the war against terror
      1,012 words
  • Page 2 Advertisements
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    • 20 2 Recruit the one you want for any position you have i Call **********2 or email navit@sph.comsg for your recruitment solutions
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    • 58 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: +65 6535 3382 F: +65 6535 3991 E: singapore@ocracom.sg
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  • Page 3 Advertisements
    • 111 3 Asia Pacific is in fashion. And an affluent population is constantly looking for the latest clothes and accessories. Whether you're looking to export the finest bales of cotton or import sewing machines, our express distribution and logistics services can connect you to where the action is. With more people in
      111 words

  • COMPANY NEWS
    • 508 4  -  Stanchart says report not full representation of comments By SIOW LI SEN THE estate of Khoo Teck Puat, which holds the single largest block of shares in Standard Chartered Bank, yesterday made clear its unhappiness with comments made by the bank's chairman on its
      BLOOMBERG, FILE PHOTO  -  508 words
    • 738 4  -  HOCK LOCK SIEW By SIOW LI SEN IS UNITED Overseas Bank's first share buyback exercise a prelude for chairman Wee Cho Yaw to reconcile the group's crossholdings with its affiliates? For investors and arbitrageurs of Singapore bank stocks, there is also another interesting scenario being played out:
      738 words
    • 547 5  -  Sale of OCBC stake helps to boost 9-month profit by 59% to $299m By WONG WEI KONG GREAT Eastern Holdings (GEH), the insurance arm of OCBC Bank, yesterday said net profit increased 2 per cent in the third quarter as earnings
      FILE PHOTO  -  547 words
    • 396 5  -  By JOYCE KOH THE choppy regulatory waters Zhongguo Power Plus had to navigate during its listing have turned into powerful waves carrying the company forward. Listed on the mainboard in September, the Chinabased maker of hand-held agricultural equipment maker yesterday posted a 103 per cent
      REUTERS  -  396 words
    • 351 6  -  HK film house hit intraday high of 27c before closing at 24.5c By KENNETH LIM IT was a celebrity event for Media Asia Entertainment Group yesterday as it premiered on Sesdaq. The Hong Kong film house, which produced Chinese-language blockbusters such as
      351 words
    • COMPANY BRIEFS
      • 86 6 SHAREHOLDERS of Goodwood Park Hotel approved a proposal to take the company private at its EGM yesterday. The proposal for a voluntary delisting was made last month by Dumont Pte Ltd, a company incorporated in February this year with Mavis Khoo and three other children
        86 words
      • 64 6 SINGAPORE Technologies Electronics has —through its subsidiary ST Training Education Pte Ltd formed a strategic partnership to provide training, education, management and consultancy services to Brunei's marine, land and aerospace industries. A memorandum of understanding was signed with Royal Brunei Technical Services, a government-owned company
        64 words
      • 76 6 Bloomberg MOBILEONE Ltd said it is testing three different systems for providing wireless high-speed Internet access for computers. The first trial by the Singapore provider of cellular phone services is underway while the other two will start before the year ends, the company said in
        Bloomberg  -  76 words
      • 70 6 Elec Eltek's Q1 net profit doubles ELEC Eltek International's first quarter net profit doubled year-on-year from US$5.6 million to US$ll.2 million on the back of a 46.5 per cent jump in sales to U*****.2 million for the three months ended Sept 30. Strong demand in computer and computer peripherals has
        70 words
      • 82 6 ADVANCED Systems Automation posted a $116,000 group net profit for the first-half year ended Sept 30,2004 against a $3.3 million net loss for the corresponding period last year as revenue rose 40 per cent to $24.5 million due mainly to better demand for its automatic moulding
        82 words
      • 57 6 CHEMICAL Industries' first-half net profit fell to $2.6 million from $6.5 million in the corresponding period last year. Revenue for the six months ended Sept 30 was down 0.7 per cent to $37.9 million. The profit decline was due partly to lower exchange gain and
        57 words
    • 581 7  -  Group to invest US$40m over 3 years to provide seamless service By ANGELA TAN SEVEN major Asian mobile operators, including SingTel Mobile, will invest up to US$4O million over the next three years in a regional mobile alliance which aims to provide seamless crossborder
      ARTHUR LEE  -  581 words
    • 509 7 Bloomberg SINGAPORE Telecommunications Ltd (Sing Tel), South-east Asia's largest phone company, may say second-quarter profit rose 53 per cent as an accounting change cut expenses and it signed up more mo-bile-phone users in Australia. Net income probably rose to $724 million in the
      Bloomberg  -  509 words
    • 630 11  -  Farrallon-linked entity settles $180m debt to OCBC and GE Life By KALPANA RASHIWALA THE sale of' Crown Prince Hotel has been suspended, as an entity said to be linked to US-based fund manager Farallon Capital Management has settled $180 million of debt which OCBC
      FILE PHOTO  -  630 words
    • 380 11  -  By JOYCE KOH CONSUMER credit, much maligned for its pernicious impact on people who allow their debts to spiral out of control, can in fact be managed by consumers who are now better able to service their debts. In MasterCard International's fourth
      380 words
    • 461 11  -  By RONNIE LIM SINGAPORE'S position as the region's oil hub is "pretty solid", but the government must continually work on the nation's competitiveness to ensure it stays ahead of emerging rivals, especially China, says top Vopak executive Carel van den Driest. He said
      461 words
  • Page 4 Advertisements
    • 126 4 This announcement appears as a matter of record only November 2004 #mWeii ANWELL TECHNOLOGIES LIMITED (Incorporated in the Republic of Singapore on 5 September2oo3) (Company Registration No. *****8707W) Invitation in respect of 235,000,000 Invitation Shares of Sso.ol each comprising 165,000,000 New Shares and 70,000,000 Vendor Shares as follows:(a) 11,750,000 Offer
      126 words
    • 1006 4 i AII Weil 1 ANWELL TECHNOLOGIES LIMITED (Incorporated in the Republic of Singapore on S September2oo3) (Company Registration No. *****8707W) Invitation in respect of 235,000,000 Invitation Shares of Sso.ol each comprising 165,000,000 New Shares and 70,000,000 Vendor Shares as follows:(a) 11,750,000 Offer Shares at Sso.3Bfor each Offer Share by way
      1,006 words

  • Page 5 Advertisements
    • 57 5 I Gut (spleartiest onamtulations Mr Ng Boon Yew 1 P On being conferred the National Day Award 2004 Public Service Star I I Bintang Bakti Masyarakat (BBM) I i By His Excellency, The President of the Republic of Singapore I I [2gi With Best Wishes From: E ISi HI DATAPULSE
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    • 367 5 ™T" v 4 x x w a■ it 4 »"W. X 1 v A#•.H -X L v i' <V V ;riMwi K j/j f-Jhn Citibank Brokerage opens up a W whole new world of online trading. Through a single account, you'll have the world's investment markets at your Imam fingertips.
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  • Page 6 Advertisements
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  • SINGAPORE MARKETS
    • 485 8  -  STOCKS Traders cautious about prospects as the big picture hasn't changed high oil prices and sliding US economy R SIVANITHY Senior Correspondent OIL may have risen back above US$5O per barrel but, at least as far as yesterday's session was concerned, it
      Source: Bloomberg  -  485 words
    • Article, Illustration
      922 8  -  Compiled by KENNETH LIM fl China Swt (ASIA) RESEARCH, Nov f CHINA Son is a medium-sized, privately owned corn processor. Continuous industrialisation and .higher living standards in China point to strong growth in demand for com starch of 10 per cent per ssdam to 2010. China Sun benefits f;
      Source: Bloomberg  -  922 words
    • 357 8 CURRENCIES Reuters [MUMBAI] The Indian rupee firmed 0.26 per cent to post a new 4 Vi month closing high yesterday, amid signs of robust foreign fund investments into the country's buoyant stock market. The rupee closed at 45.3600/3700 per dollar, firmer than Tuesday's 45.4800/4950 and
      Reuters; BLOOMBERG  -  357 words
    • TRADES TO WATCH
      • 114 8 UNITED Overseas Land shored up its stake in subsidiary Hotel Plaza on Tuesday with an open-market purchase of 172,000 shares at an undisclosed price. UOL, which is chaired by United Overseas Bank chairman Wee Cho Yaw, now has a 75.95 per cent shareholding in
        114 words
      • 57 8 EI-NETS executive deputy chairman Liau Beng Chye saw his deemed shareholding drop to 25.56 per cent from 27.58 per cent after Armorcoat International sold 15 million shares at one cent each on the open market on Tuesday. Shares of the construction e-commerce solutions provider ended at
        57 words
      • 64 8 OVERLOOK Partners Fund bought 2.5 million shares of Unisteel Technology on Monday, raising its direct stake to 6.01 per cent from 5.02 per cent. Unisteel, a maker of miniature screws used in hard disk drives and mobile phones, did not say if the purchase was on
        64 words
      • 95 8 PROGEN non-executive director Johnlin Yuwono saw his deemed stake shrink to 6.97 per cent after investment vehicle Yong Kang International sold 600,000 shares at 16.5 cents apiece in a married deal on Monday. Mr Yuwono, who is also executive chairman of Sesdaq-listed Mayfran, had a deemed
        95 words
      • 143 8  -  Compiled by KENNETH LIM AMTEK Engineering's directors exercised their share options on Monday this week in the precision metal stamper. Managing director Lai Fook Kuen converted 600,000 options at 65 cents apiece, raising his direct and deemed shareholding to 6.06 per cent from 5.79 per
        143 words
    • Article, Illustration
      426 8 OTHER SINGAPORE INDICES Nov 3 VALUE CLOSE BT OB/OS -61.00 +198.00 BTCAPI -*****.00 +80.00 BT 10-day MA -*****.00 -6 00 AH-SG Equities 522.39 +3.78 SG Equities Elect 157.22 +1.14 SG Equities Fin 1621.71 +20.32 SG Equities Prop 481.16 +2.89 SIMSCI 242.15 +2.40 SiMSCI Futures 243.40 +3.10 MOST ACTIVE STOCKS VOLUME
      426 words

  • MID CAPS
    • 938 9  -  Despite dull Q3 results market consensus is still a buy, as it is likely to gain from the outsourcing trend in Asia, writes WONG WEI KONG WONG WEI KONG STILL a buy that's the market consensus on high-flying plastics company Fu Yu Corp following its
      Source: Bloomberg  -  938 words
  • Page 9 Advertisements
    • 222 9 Esp,anade J^Ma f X ANOTHER SEASON OF AT ESPLANADE I the MUNICH CHAMBER ORCHESTRA i tt James Galway stands undisputed monarch the flute. JJ I B Dallas Star-Telegram m f&* I I 9 NOV 04, 7.30PM TICKETS: $**>$&, $80, $100, $120 I Conct*»t€B price tor itudenta at $M ft NSF
      222 words

  • SINGAPORE NEWS
    • 247 10 COE premiums for passenger cars plunged by more than $1,000 yesterday to new lows for the year as the bi-monthly tenders begin to register a sharper see-saw pattern. As in the past few rounds, Category A for cars below 1,600 cc was
      247 words
    • 531 10  -  BT exclusive European investors keen to increase exposure to Asian debt, says CEO By SIOW LI SEN BARCLAYS Capital, a global investment bank, expects continued strong growth of 20 to 25 per cent for the next five years as Asian central banks and corporates increasingly
      531 words
    • 211 10 THE Consumers Association of Singapore (Case) has made three key recommendations on billing, financial counselling and mediation to improve the level of transparency in hospital billing. Its committee on the transparency of hospital billing expects all hospitals to comply
      211 words
    • 195 10 HONG Leong Asia, Suntec City Development, Singapore Exchange, and Singapore Food Group are some of the Singapore-based companies taking part in the inaugural China-Asean Expo (CAEXPO) 2004 in Nanning city, Guangxu province, China. Opened yesterday, the CAEXPO aims to promote the China-Asean Free Trade Area
      195 words
    • 328 10  -  They are keen to enter S'pore's telecoms, power and gas industries By NANDE KHIN AMERICAN companies are hopeful that there will be more deregulation and privatisation of governmentlinked companies, said USAsean Business Council's senior director (Singapore affairs), John Phipps, yesterday. "The timing is right.
      328 words
    • 34 10 UNIT TRUSTS FUNDS LEGEND:All prices are indicative;Broadly Diversified; Narowly Focused;$ Lower Risk;^ Low to Medium Risk;& Medium to High Risk;** Higher Risk;open-ended;+Before subdivision of units;After subdivision of units;SP after stock split N.A-Non Dealing Day
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  • Page 11 Advertisements
    • 334 11 continues to rise.Singapore companies too have taken advantage of themany 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 action in Japan? If you have not act now by registering for
      334 words
    • 80 11 PORSCHE DESIGN i L- ft I I I i I Roadster 2. Travel style. S p Strong character complemented with superb design. Meet the •■■■> new generation -The Roadster 2. Set the trend with its highly m durable nylon and cutting-edge double ball bearing technology. And watch the world grow
      80 words

  • SINGAPORE FOCUS: SERVICES
    • 1135 12  -  Republic needs to keep upgrading its logistics infrastructure and labour force to maintain global hub status, reports NANDE KHIN NANDE KHIN SINCE the time of Stamford Raffles, logistics has played an important role in the Singapore economy. And for Singapore to continue playing
      1,135 words
  • Page 12 Advertisements
    • 651 12 «L UNITED TEST AND ASSEMBLY CENTER LTD (Incorporated in the Republic of Singapore) Company Registration Number: *****8070H NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting ("EGM") of United Test and Assembly Center Ltd (the "Company") will be held at 5 Serangoon North Avenue 5,
      651 words
    • 640 12 RafflesLaSalle Ltd (Incorporated in the Republic of Singapore) Company Registration No. *****0712N HEREBY GIVEN that an EXTRAORDINARY GENERAL MEETING ("EGM") of the Corr; > held at 11 Beach Road, #01 -02, Singapore *****5 on 30 November 2004 at 11.00 am for the purpose of considering and, if thought fit, passing
      640 words
    • 569 12 IN THE MATTER OF THE COMPANIES ACT, CAR 50 AND IN THE MATTER OF CHEONO ENG ENGINEERING SERVICES PTE LTD (In Members' Voluntary Liquidation) Cow pony Rag. No.: *****2782E NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the Company hold at 33 Tuai Crescent Singapore 638/22 on the 26th
      569 words
    • 137 12 IN THE MATTER Of THE COMPANIES ACT, CAR SO AND IN THE MATTER Of ICNET EXCHANGE m LTD (In Voluntary Liquidation) NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Cap. 50, that a Final Meeting of the members of the abovenamed Company will be held at
      137 words

  • ECONOMY WATCH
    • 483 13 Reuters [JAKARTA] Indonesia should sort out its legal system and aim to reduce fuel subsidies to free up spending for other areas, but has been doing well in fiscal policy and financial sector reform, the International Monetary Fund (IMF) said on Tuesday.
      Reuters  -  483 words
    • 553 13 It cites low consumer demand and cautious company spending Bloomberg [BERLIN] The International Monetary Fund (IMF) cut its forecasts for German economic growth for this year and next, citing the damping effect of persistent unemployment on consumer spending and companies' reluctance to buy
      Bloomberg; AFP FILE PHOTO  -  553 words
    • 307 13 Bloomberg [WASHINGTON] New orders at US factories dropped in September for a second month, evidence companies are growing wary about the direction of the economy amid high energy prices. Reduced demand for motor vehicles, civilian aircraft, steel and chemicals led the 0.4 per
      Bloomberg  -  307 words
    • 411 13 Reuters [SEOUL] South Korea's economic growth will top 5 per cent in 2005, supported by major public spending plans the government has been working on. Finance Minister Lee Hun-jai said yesterday. Separately, the state-run Korea Development Bank (KDB) said it
      Reuters  -  411 words
    • 237 13 Reuters ITAIPEI] Taiwan's economy is expected to grow 5 per cent in 2005, the Cabinet's economic planning agency said on Tuesday, giving a forecast that is more bullish than the official government forecast of 4.5 per cent. But risks such as high oil
      Reuters  -  237 words
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  • MALAYSIA/INDONESIA
  • Page 14 Advertisements
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  • GREATER CHINA/INDIA
    • 391 15 Reuters [HONG KONG] China has boosted its search for raw materials by increasing funding for companies buying overseas mining assets. The lending scheme would help Chinese firms in their search for resources such as copper, the State Development and Reform Commission and China's
      Reuters  -  391 words
    • 405 15 Soaring prices of crude oil and other commodities boost earnings AP [SHANGHAI] Chinas biggest corporations a*e becoming increasingly profitable and less burdened by debt, according to ratings agency Standard Poor's. Strongest earnings for petroleum and telecommunications companies underpinned that trend About 86 per
      AP; AFP FILE PHOTO  -  405 words
    • 172 15 Reuters [BEIJING] China is expected to raise crude oil imports from Saudi Arabia by 25 per cent next year as the world's No 2 oil consumer scrambles to secure oil to meet a growing domestic shortage, traders said yesterday. Saudi Arabia,
      Reuters  -  172 words
    • 272 15 Reuters [MUMBAI] Indian companies have raised over US$l.5 billion through overseas borrowings in September, up sharply from US$BB6 million in August, according to data from the central bank. Foreign borrowings by local companies have been on the rise and are expected to double
      Reuters  -  272 words
    • 367 15 Bloomberg [BANGALORE] Wipio Ltd and Satyam Computer Services Ltd, India's thiid and fourth-biggest software services exporter, said the outcome of the US presidential election will not slow orders from American companies. "The economic rationale of outsourcing is so important," Suresh Senapaty, chief financial officer
      Bloomberg  -  367 words
  • Page 15 Advertisements
    • 68 15 This announcement appears as a matter of record only FINAL CLOSE U*****,000,000 Affinity Asia Pacific Fund II L.P. AFFINITYIEQUITY [PARTNERS Affinity Equity Partners is an independent private equity fund manager focused on control-oriented buyout investments in the Asia-Pacific region. With over US$l Billion in assets under management and advisory, Affinity
      68 words

  • ASIA-PACIFIC
    • 847 16  -  JAPAN INSIGHT That's what happened to the Far Eastern Economic Review when Dow Jones took over the magazine and that's what doomed it ANTHONY ROWLEY Tokyo Correspondent Epitaphs for the Far Eastern Economic Review are flowing thick and fast, even though the publication has
      847 words
    • 210 16 Bloomberg [TOKYO] Nippon Telegraph and Telephone Corp (NTT), Japan's largest phone company, said it may spend 5 trillion yen (Ss7B billion) to upgrade 30 million homes with fibre-optic lines. Rewiring with fibre-op-tics is part of a business plan NTT is
      Bloomberg  -  210 words
    • 444 16 Takeover activity boosting a number of stocks this year Reuters [PARIS] Global property stocks posted a 2 per cent total return (capital growth plus dividends) in October, boosting the year-to-date return to 21.2 per cent, the benchmark EPRA/NAREIT index showed on Tuesday.
      Reuters  -  444 words
  • Page 16 Advertisements
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      276 words

  • WORLD
    • 496 17 Bulging inventories may force price cuts and lower sales, profit estimates Reuters [SAN FRANCISCO] Right on the heels of a bleak forecast for semicon chips by the WSTS (World Semiconductor Trade Statistics), comes another report of bulging inventories of video displays and cellular phones.
      Reuters  -  496 words
    • 248 17 NYT [NEW YORK] The Securities and Exchange Commission (SEC) is pushing for an independent monitor to scrutinise the books of the American International Group (AIG) as the company seeks to settle a probe into the sale of a product that helped a financial
      NYT  -  248 words
    • WORLDWATCH
      • 67 17 Bloombera [WASHINGTON] Time Warner Inc, the world's largest media company, said third quarter profit fell 8 per cent to US$499 million. The company said it set aside US$5OO million to pay for pending government investigations into its accounting practices. America Online's accounting
        Bloombera  -  67 words
      • 43 17 Reuters [CHICAGO] The telecommunications industry had plans to slash more jobs than any other US sector in October, marking its third straight month of increased downsizing, according to research from an outplacement firm released on Tuesday. —Reuters
        Reuters  -  43 words
      • 47 17 Bloomberg [SEOUL] Hyundai Petrochemical Co's two owners, LG Chem Ltd and Honam Petrochemical Corp, are splitting the company and its assets into three so each can get independent control of its naphtha processing plants, according to a statement to the Korea Stock Exchange.
        Bloomberg  -  47 words
      • 63 17 Reuters [JOHANNESBURG] South African miner Gold Fields Ltd urged shareholders not to accept a hostile takeover bid from "financially stretched" rival Harmony Gold. Gold Fields said yesterday in its formal defence against the takeover bid that Harmony's offer destroyed shareholder value and was a coercive
        Reuters  -  63 words
      • 76 17 Bloomberg [VANCOUVER] Conrad Black quit as chairman and chief executive officer of Hollinger Inc, the company that controls the publisher of the Chicago Sun-Times, pre-empting a court decision that may have ousted him as early as Tuesday. In the US, Mr Black still faces a
        Bloomberg  -  76 words
      • 60 17 Bloomberg YAHOO! Inc, owner of the world's second-most-used Internet search engine, hired former ABC television network chairman Lloyd Braun as head of media and entertainment. Mr Braun, 46, will oversee Yahoo's web pages about movies, TV, entertainment, music, games, finance, news, weather, sports, health
        Bloomberg  -  60 words
    • 445 17  -  US PRESIDENTIAL ELECTION By CHUANG PECK MING A WIN for George W Bush in the United States presidential race spells bad news for terrorists, Frank Lavin, American ambassador to Singapore, said yesterday. Sharing his thoughts at a public forum on the election, Mr
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  • Page 17 Advertisements
    • 276 17 SINGAPORE LEARNING SYMPOSIUM 2004 TUESDAY 23 NOVEMBER 2004 B:3OAM 6:OOPM SUNTEC CONVENTION CENTRE Come to the Learning Symposium and find out how developing your people can boost your company's performance. If you're an employer, HR professional or the manager of a team, the Learning Symposium will change the way you
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  • AVIATION
    • 278 18  -  By GEORGE JOSEPH [SINGAPORE] This is as snug and pampered as you can get in the air, says the South East Asia Australia general manager of Air France, Jean-Claude Moutic, as he demonstrates the airline's latest offering for its premium customers.
      ARTHUR LEE  -  278 words
    • 434 18  -  It's increasing capacity to meet Australia-Europe travel demand By GEORGE JOSEPH [SINGAPORE] Air France is putting on more capacity to meet growing demand for travel between Australia and Europe through Singapore. Deploying the bigger new Boeing 777 300ER aircraft on its daily
      434 words
    • 184 18 Reuters [TAIPEI] The Taiwan government will sell down its stake in China Airlines to under 50 per cent but aims to retain management control in the island's top airline, Transport Minister Lin Lin-san, said. His remarks are a reversal of an earlier plan
      Reuters  -  184 words
    • 315 18 AP [KUALA LUMPUR] Flagship carrier Malaysia Airlines is planning to purchase 39 new jetliners in an estimated US$l billion plan to replace nearly half of its fleet, a company executive said. The plan indicates that Mas' laysia Airlines hopes to expand
      AP  -  315 words
    • 286 18 Bloomberg [ZHUHAI, China] China Aviation Industry Corp I, the country's biggest stateowned aircraft maker, said it aims to secure 10 more orders from domestic airlines for its ARJ2I regional jet by the end of the year. "We've got 35 orders
      Bloomberg  -  286 words
    • 390 18 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
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  • Page 18 Advertisements
    • 516 18 UNITED MICROELECTRONICS CORPORATION (Incorporated in the Republic of China) ANNOUNCEMENT VOLUNTARY CASH OFFER FOR UMCI LTD. IS UNCONDITIONAL 1. Introduction United Microelectronics Corporation ("UMC") refers to the offer document (the "Offer Document") dated 4 October 2004 containing the terms of the voluntary cash offer (the "Otter") by UMC for UMCi
      516 words

  • SHIPPING
    • 689 19  -  By DAVID HUGHES [HONG KONG] IF China is determined to be a major seafarer supplier, it must quickly deregulate its crew market or shipowners and managers will look elsewhere for their crewing needs, according to a senior Hong Kong-based
      689 words
    • 79 19 AFP [VLADIVOSTOK] Rescuers in the Russian Far East yesterday were searching for 36 sailors after a storm in the Sea of Japan sank three vessels, officials said. Twenty-seven of the missing sailors were aboard the Mongolian-flagged West, which sent a distress signal on Tuesday.
      AFP  -  79 words
    • 255 19 SGX '000 Nov 3 a W- Vol CM Offshore 0.40 unch 843 ChuanHup.- 0.66 0.01 1846 Coxo Corporation 1.06 0.02 6639 CWT Distribution 0.56 unch 293 Ezra Htdgs -1.14 0.01 191 Freight Unks 0.11 unch 453 Grand Banks Yacht .0.86 0.01 11 Java Holdings 1.04 unch ***** K1
      255 words
    • 499 19  -  It will tap $5m IPO proceeds to expand its support vessel fleet by a third By VEN SREENIVASAN [SINGAPORE! Marine logistics company Swissco International Ltd expects the offshore oil and gas exploration activity to enjoy strong growth for the next five years as the
      499 words
    • 183 19 [SINGAPORE] SembCorp Marine subsidiary Jurong Shipyard has clinched a US$B4 million contract to build two 2,600-TEU container ships for German shipowner Reederei F Laeisz (RFL). The custom-designed ships will have a high-speed of 22.7 knots and come equipped with 400 reefers (refrigerated boxes). Construction
      183 words
    • 175 19 [LONDON] Following feedback from its members, the Baltic Exchange has decided not to axe its daily assessments for its Middle Eastern Gulf-to-Singapore tanker route (TD2). The exchange said in a statement it will not be withdrawing the route in June next year, as
      175 words
  • Page 19 Advertisements
    • 37 19 ■;im: imm S^pifSi WeVemade MMNMra* wS&im £|i|aaf iHr wfth your investors v,* 3? «J ">•■■■ v I Releasing a financial statement? Call 1800 289 8822 or email notkesGsph.com.sg to book your advertisement in our newspapers now. •*s& v."
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    • 287 19 IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF REK TECHNOLOGY (S) PTE LTD (In Voluntary liquidation) At an Extraordinary General Meeting of the company duly convened and held at 23 Kaki Bukit Industrial Terrace Singapore *****3 on 2 November 2004, the following resolutions were
      287 words
    • 268 19 I Your knowledge of the market could win you an HP Notebook! So you think you know the market at your fingertips? Then try your hand at the BTX Game and win an HP Notebook for yourself! Ten stocks are listed with its previous day's closing You are given a
      268 words

  • EDITORIAL & OPINION
    • 536 20 EDITORIAL HAS the proliferation of low-cost carriers (LCCs) in South-east Asia peaked? Is the industry headed for a shakeout? These are the questions which come to the fore as a combination of factors threaten the growth of mass market air travel in the region. Today, this
      536 words
    • 1233 20  -  The upcoming amendment to the Indian Patent Act may lead to increased competition from MNCs YOGI AGGARWAL THE Indian pharmaceutical industry finds itself at a cusp. Depending on how the government approaches the necessary amendment to the Indian Patents Act, the fast-growing sector could find itself stalled
      BLOOMBERG  -  1,233 words
    • 814 20  -  THE BOTTOM LINE WILLIAM PESEK JR Bloomberg ZHOU Xiaochuan probably didn't have Paul Volcker on his mind when he engineered China's first interestrate increase since 1995. Yet if anyone knows what China's central bank governor is going through these days, it's
      Bloomberg  -  814 words
    • 717 21  - Living poor but voting rich The Democrats' focus on 'issues' alienates heartland and blue-collar Americans, while the Republicans connect with them through 'values' By NICHOLAS D KRISTOF NYT IN THE aftermath of this civil war that our nation has just fought, one result is clear: The Democratic Party's first priority
      NYT; AFP  -  717 words
    • 970 21  -  By SARITHA RAI NYT WHEN Infosys Technologies began scouting for an alternative to India as a source of unlimited, low-cost human resources, the fast-growing company came up with one answer: its home country's archrival, China. Now, a year after the Infosys Technologies (Shanghai) Co was set
      NYT; REUTERS  -  970 words

  • Page 21 Advertisements
    • 93 21 te it r J £y,Jjit pax f I-Kris** hfefl Lobster Fresh Fruit Seled **«*T*fctll < Braised Shark's Fin Soup in Clay pot J||H| Stewed Whole Abalone w/Japanese J-. Xtt&M Stir-Fried Scallop Geoduck Clam Deep-Fried Jumbo Oyster M.4Kj^^ittF Steamed Garoupa in Hong Kong Style Noodle in Superior Soup w/Crabmeat IF 9
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  • Page 21 Miscellaneous
    • 193 21 CRYPTIC CROSSWORD DOWN 2WW pig in its own fat calls jPS < or PjJV;» _an YESTERDAY'S SOLUTION for old port (8) 14 A superstar full of sex-ap-1 Tic-tac, 4 Short-leg, 10 3 Penetrate enemy defences a j Evergreen, 11 Cubit, 12 Acronym, significant development (12) \A/here the cat sat in
      193 words

  • 3743 22 STRAITS TIMES INDEX STOCKS Stodi HUM Wt Oox Ouny SUdmm W do— Oni|i Allgreen 50c 0.30 1.070 +0.020 NOL 2.14 3.000 +0.050 BIL Intl US20c 0.45 0.955 -0.005 OCBC 10.55 14.000 +0.200 Capita Land 1.26 1.880 -0.010 Parkway H 25c 0 68 1.470 +0.010 Chart SemiCond 26c 0.81
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  • 2706 23 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local cwr In SS Hi USS dy *yr dy yr dy Syr Nov 2 lndo» Change Change Change Change Change Change World Index Preliminary 807.9 0.7 3.8 0.7 2.6 0.7 4.5 EAfE Preiminary 741.6 0.8 5.8 0.8 53 0.7 11 Europe Preliminatv
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  • Page 24 Advertisements
    • 1579 24 I IMPORT I NORTH AMERICA I T AUSTRALIA/NEW ZEALAND I lohocd (tkarrrt t cyooem «mwi SUPEH SHUTTLE EXPRESS (BSX) I AUSTRALIA ASIA EXPRESS (AAX) Vtssa VOY LG( SM PKG OOdNMGM) 04W42 2*/10 13/11 OMIT 55 5? 55 5i !*6_ 00Q HAMOURG 04W43 21/19 17/11 OMIT A* MEXICO 2SN 23/10 25/10
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    • 757 24 [iNTIRASIA K0«0 WVKI vßsa/vor «*aw) wghiw to «h m m jkt srunsvamiii/u is u 71/10 31/10 04/11 07/11 09/11 STMITCKimiK/lS IS 3.7 17/11 14/11 11/11 11/11 0/11 STtAfTS VEMTUK /14 IS 3J 75/11 77/11 07/17 OS/1? 07/1? |WHT AHA/MMOAL KOKO IVI VCSa/VOT tAMfffT) HBGHTW TOK KB KHH H I Ml
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  • Page 25 Advertisements
    • 765 25 Abo occopt btrrArio Cu|tii Ik •SM»SSe MlMlMllftllA i flim/lilii tflkHVAia limni /MMfeiA jft IUMM IiViMA flAiiiVi IAOHSWIG IAN6KOK LAIM CHAMM6 mKHBIMW PftSW QUDAMO PPIAM6 PORT KHAMG For Schedules, BL Searches, and Container Tracking, visit on our Home Page: www.moilin.com.lfl www.homburgsud.com ASAf SHVICI IHPOSP .«K SERVICE (EXPOOT) Hrtfc* (45) 4222-2M3 Cue
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    • 1218 25 VESSEL VOY TP PIG IBmgatf \im 9/11 110/11 55 1 MUM MA 17TI S7T1 IGQLDEH TRADE Ml Ml I 16/11 117/11 119/11 T~~| HEW DYNAMIC 073 A ***** 13/11 i HEfTTORD 1019N I 73/11 124/11 I 26/11 I-I- I PERTH BRIDGE 067 A 18/11 20/11 •MfajHC-mSlwn *VSt cotnj both North
      1,218 words
    • 892 25 m WEEKLY EXPRESS SAIUNG SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICD POINTS Vtssa VOT I SIN PIIANGI COIMMO N. SHfVA COIOBMO lAJIV 6AMDHI OM7W Q2MOV OMIT 07 MOV 10 MOV 13 MOV UYIIUDCE QQ3W 09 NOV OMIT 13 MOV It MOV 19 NOV HIDWtA6AWOMI J OBMWj WMOV |01MC
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  • Page 26 Advertisements
    • 766 26 luAl WALLENIUS WILHELMSEN W website: http://www.2wflloboi.tom IK MAO HOW MIA SAV lAL ORE NYC WW MOB TALISMAN AM22 320%es 6JM I 17/11 20/12 27/12 21/12 02/01 31/12 04/01 24/12 TARONGA I AF423 3201 ms 6.25 M I 30/11 25/12 04/01 11/01 12/01 14/01 14/01 11/01 01/01 TAMESIS AM24 3201 MS
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    • 1080 26 VESA m Hi EBL_ JSSSft *01 SM *L__ -SfJJftl MS. M/n Q*/»l _E&JKM 3211 flSZll fiZZU rMMHP* 1333W os/n 05/11 _H£JIU 113! Oft/lJ BSZIJ— PACMMOA *****1 04/11 07/11 tlf UTi? 1921 fiLOJ 12/L1 Qf 2301 oostf 07/11 Qj/n nam* nn 12/11 is/ii gf 2wi ustf w/n iQ/ii MCIAMPA 1336* M/ll
      1,080 words


  • BizIT
    • 524 28  -  A new fibre-optic cable between Singapore and Chennai will provide more bandwidth and cheaper rates, reports RAJU CHELLAM RAJU CHELLAM AN E W US$lOO million undersea fibre-op-tic link bet we en Singapore and the southern Indian city of Chennai is set to boost the bandwidth
      524 words
    • 451 28 Reuters [SAN FRANCISCO] The next wave of computer servers using Advanced Micro Devices Inc's Opteron microprocessors will hit the market in the first quarter, building momentum for a bid by AMD to take 30 per cent of that market, AMD's worldwide
      Reuters  -  451 words
    • 328 28  -  By RAJU CHELLAM INDIA'S Tata Indicom Broadband Services will build a multi-city Metro Ethernet network using equipment from Cisco Systems Inc in a deal worth US$llO million. The new network will provide Tata Indicom's business and residential customers with broadband services at connect speeds ranging
      ARTHUR LEE  -  328 words
    • 123 28 AP [BANGALORE] An Indian software exporter said on Tuesday it was hiring programmers in eastern Europe and has set up a development centre in the Hungarian capital. The centre in Budapest will initially hire 60 engineers, but it may employ hundreds of them later, said Ramalinga
      AP  -  123 words
    • 828 29  -  Nokia and partners driving services like visual radio and video sharing Reports by AMIT ROY CHOUDHURY in Bangxoic MOBILE phone users in Singapore will soon be able to use their mobile phones to share video clips and take part in interactive radio programmes,
      828 words
    • 315 29  -  Its latest anti-virus software also counters adware By ROLAND LIM ANTI-VIRUS specialist Trend Micro has launched PC-cillin Internet Security 2005, which it says is the first anti-virus consumer desktop solution to feature sophisticated security features to counter new threats like spyware. The
      315 words
    • 418 29 [BANGKOK] Nokia on Tuesday unveiled three new mobile devices and a slew of mobility solutions aimed at "enriching lives" in the Asia-Pacific region. The Asia-Pacific launch was in conjunction with the worldwide launch in Monaco. Revealing Nokia's offerings at a grand event in Bangkok, which
      418 words
  • Page 28 Advertisements
    • 278 28 The essentials of imaging KONICA MINOLTA Hpß^'V ■<-M > Uk^HEfcT55SS5p i ~.a a I *P 1 11 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 anywhere.
      278 words
    • 27 28 NOKIA, PARTNERS TO LAUNCH NEW MULTIMEDIA SERVICES Phone users will be able to listen to FM broadcasts and download interactive content at the same time, pg 29
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  • Page 29 Advertisements
    • 420 29 Ml II Trapped Liberated mmm 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 around-the-clock
      420 words

  • PROPERTY
    • 449 30  -  ANDREA TAN Island ranks high in city management and marketing in Jones Lang LaSalle survey of 33 cities, reports ANDREA TAN SINGAPORE is the world's best-gov-erned city, according to a survey by Jones Lang LaSalle. This puts the city-state ahead of Barcelona, Dubai and New York.
      449 words
    • 394 30  -  By ANDREA TAN FRASER Serviced Residences has strengthened its presence in the United Kingdom with the opening of its latest property in the Scottish city of Glasgow. The 102-unit Fraser Suites Glasgow belongs to the UK-based Pressdale a joint venture between Fairßriar
      394 words
    • 525 31  -  But the HK$20-billion Reit Link, the world's largest such public offering, is more likely to bear yields below 7 per cent, analysts say. VINCE CHONG reports VINCE CHONG Global funds are looking for high 7-8 per cent yields for Hong Kong's first real
      FILE PHOTO  -  525 words
    • 353 31  -  By DANIEL BUENAS WATCH retailer Jannie Tay's Oyster Cove development in Australia which was initially targeted at Singaporeans as a place to retire will once again be launched for sale here from tomorrow. Ms Tay, who founded listed watch retailer The Hour Glass,
      353 words
  • Page 30 Advertisements
    • 204 30 Orchard Road Vicinity I Site For Sale R~ 77 /y/nwow 3 minutes walk to nN/ Lm* Orchard Road Approx. 29,0785qft /J n Plot ratio 2.8 Height control up to 36 storeys WrjBTAl |1 Freehold //W invitation for Expressions 11 W of Interest Ssv s /iWi/ />c» xx _j rRRF Tel:
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  • Page 31 Advertisements
    • 1268 31 11PTTOIITTTTTI PROJECT NAME/ PROP CONTRACT TENURE WIHN/lANO PRICE PSf SmrNm TYPE DATE AREA«(SQFT) (SS'OOO) (Ss) District 09 v NON-LANDED CasaCaimhHl Apt 06/10/2004 FH 1572 1090 694 CavenaghGdn Apt 12/10/2004 FH 1206 505 419 CharttxigGdn Apt 15*0»2004 FH 1249 1295 1037 Emerald Mars Apt 13/09/2004 FH 1625 930 572 Far East
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  • Page 32 Advertisements
    • 141 32 °Wz Salute The Priceless Journeys (jj||) Of Singapore's Best Entrepreneurs The mmws r Business Award Retail Entrepreneur Of The Year u and Ernst Young Entrepreneur Of The Year Singapore 2004 US li (r merging Business Products Entrepreneur Of The Year Entrepreneur Of The Year J i. it i ■"i h
      141 words