The Business Times, 5 April 2005
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2005-04-05
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The Business Times
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Title Section13 2005-04-05 1 THE BUSINESS TIMES cents online at http://business-times.asial.com.sq MICA (P) 089/03/2005 Tuesday, April 5,200513 words
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Article, Illustration449 2005-04-05 1 SIOW LI SEN - Policy to be enshrined in proposed new code By SIOW LI SEN [SINGAPORE] All banks in Singapore will soon have a whistle-blowing programme to detect wrongdoing and protect staff who tell on their colleagues. The policy will be incorporated in a proposed new codeSource: reller, newsletter of OCBC Group - 449 words
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681 2005-04-05 1 RONNIE LIM - Goldman Sachs warns of US$105 oil, others see panic setting in earlier at US$80 By RONNIE LIM (SINGAPORE] Oil prices could soon hit US$6O this week, after racing to a new closing peak of US$5B a barrel yesterday. "Prices look681 words
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Article135 2005-04-05 1 sn 2,157.80 (+14.05) ST INDEX FUTURES 2,140.00 (+6.00) SIMSO 255.40 (+1.59) SIMSO FUTURES 253.90 (+1.40) MARKETS Monday Change KLSE COMP 867.23 -8.69 NIKKEI 225 11.667.S4 -56.09 HANG SENG 13,513.41 +22.06 SET INDEX 682.52 -13.31 JAKARTA COMP 1,100.20 +5.13 MANILA COMP 1.994.36 +28.07 SEOUL COMP 982.50 +0.60 SHENZHEN B135 words
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Page 1 Advertisements
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Advertisement137 2005-04-05 1 MANAGING GLOBALISATION MM Lee on lessons from China and India pg 2 Business opportunities in Indonesia How the Atkins Diet is bulking up Amanda Foods China Dairy Group—the milking of p China business ULYSSE NARDIN a For TRA L 1,46 i> l ci,> ADJUSTS BACK AND FORWARD FROM A SINGLE137 words
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Advertisement14 2005-04-05 1 E jQHi POPE'S PASSING Funeral to be held on Friday; Vatican Hyi pg 2014 words
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Advertisement9 2005-04-05 1 FOOD BUSINESS Tung Lok teams up withlfeeYihJia ■■■■■■■■■I m9 words
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Advertisement16 2005-04-05 1 PROPERTY The developer who won't settle for margin of less then 40% PG33 (ill s'lszisrsoootK 1116 words
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TOP STORIES
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Article, Illustration740 2005-04-05 2 DANIEL BUENAS - The two giants are set to start FTA talks and will spur each other to excel By DANIEL BUENAS [SINGAPORE] Singapore and Asean stand to benefit from improving economic ties between economic powerhouses China and India, Minister Mentor Lee Kuan Yew saidALBERT SIM/ST - 740 words
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Article512 2005-04-05 2 Poor show by electronics hits March PMI AFTER helping to prop up the purchasing managers' index (PMI) in recent months, the electronics industry seems to have succumbed and the spectre of high oil prices may be a factor. The PMI slid for a second straight month in March,512 words
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Article, Illustration424 2005-04-05 3 ANNA TEO - It's now just above level separating expansion from contraction By ANNA TEO [SINGAPORE] After helping to prop up the purchasing managers' index (PMI) in recent months, the electronics industry seems to have succumbed and the spectre of high oil prices may be a factor. The PMISource: S - 424 words
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Article, Illustration555 2005-04-05 3 SIOW LI SEN - Singapore, HK have big share of IPOs' institutional money By SIOW LI SEN [SINGAPORE] Business between Singapore and India is booming on just about every front from trade and investments to tourism and the capital markets. In fact, Singapore has played a555 words
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Page 2 Advertisements
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Advertisement536 2005-04-05 2 "Singapore's Leadership Opportunity" The biggest opportunity facing Singapore in 2005 In April, The Goldzone Leadership Center will bring and beyond is to capitalise on and develop you this exciting 1/2-Day Seminar on how you can solve personal leadership. Personal leadership is required your biggest leadership challenges. at all levels; from536 words
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Advertisement350 2005-04-05 2 Interest Rate Risk Management Dates Interest rate risk management is an unavoidable function given the 5-6 May 2005 monetary basis upon which businesses are run. This workshop 9.00 am to 5.00pm c r initiates the participants in the rudiments of interest rate risk Venue management and provides an integrated approach350 words
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Page 3 Advertisements
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Advertisement614 2005-04-05 3 The Genting Group. Celebrating 40 years r- i —i~ of continued growth and success. 'M,ll I 1KIM v r (^P\H\ 4 'yl. Hos/Mana«cd Clonipany tor'the Pecadc j^*^| t Mlnif- Viiiiw-M /'ill I M.muit l 111/' I .11.1, Ml 11.111. I ■cnfiiii: Vim «ii I'lfx-i /V \\k I .ijiu, i i614 words
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COMPANY NEWS
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462 2005-04-05 4 MICHELLE QUAH - Citiraya appoints Koh Boon Hwee as one of its 4 new directors By MICHELLE QUAH AS hopes of a Oei Hong l.eong rescue for Accord Customer Care Solutions (ACCS) were dashed yesterday. Citiraya Industries another company that is also under CAD462 words
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557 2005-04-05 4 WONG WEI KONG - By WONG WEI KONG BRKAKIN'G with an earlier ruling by the High Court, the Court of Appeal has determined that Nat Steel and '*8 Holdings director David Han defamed David Gerald, president of the Securities Investors' Association of Singapore (SIAS). in a newspaper article two557 words
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572 2005-04-05 4 WONG WEI KONG - HOCK LOCK SIEW By WONG WEI KONG IT'S easy to see Greatronic as just part of the sorry trend of corporate scandals that have rocked the market in recent months. To be sure, there are similarities with other cases, such as accounting irregularities and investigations572 words
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Article292 2005-04-05 6 SIOW LI SEN - Bank sees programme as tool for early detection of misconduct By SIOW LI SEN OCBC Bank has begun training its more than 8,000 employees on its whistle-blowing programme, assuring them that none will be be penalised for reporting fraud or misconduct. Training began with its bank employees292 words
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Article259 2005-04-05 6 VANDE KHIN - By VANDE KHIN JUST a day after United Overseas Bank unveiled its long-awaited United Overseas Land divestment, Wee Cho Yaw's private vehicle Wee Investments swung into action to build up its UOL stake and over the course of three trading days has bought almost 26259 words
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Article, Illustration417 2005-04-05 6 ANGELA TAN - By ANGELA TAN ABN Amro and Citibank are finally joining the shared automated teller machine (ATM) network of HSBC, Maybank and Standard Chartered Bank, the banks announced yesterday, confirming a BT report late last month. The launch of atms the newly-formed shared ATM networkFILE PHOTO - 417 words
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COMPANY BRIEFS
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88 2005-04-05 6 CAPITARETAIL Japan Fund, a private retail property fund sponsored by Capita Land, has closed with a fund size of 44.13 billion yen (Ss6Bo million), following its second and final fund-raising exercise. This represents a more than four-fold increase from the 10 billion yen it88 words
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62 2005-04-05 6 ASCENDAS Real Estate Investment Trust I A-Reit) announced yesterday that it has exercised the call options to purchase four properties Da Vinci Building. MSL Building. AEM-Evertech Building and Hyflux Building for $65.1 million. A-Reit has also signed a separate put and call option agreement yesterday to62 words
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Article158 2005-04-05 6 DBS Group Holdings (DBSH) yesterday announced the impending retirement of four directors, including Fock Siew Wah, at its upcoming annual shareholders' meeting on April 29. The other three are Bernard Chen, Gail Fosler and Thean Lip Ping. Yest£jr4ay\ confirmed an- earlier BT re-, port158 words
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Article, Illustration445 2005-04-05 9 CAROLYN QUEK - JV with Tee Yih Jia will make dim sum, mooncakes and CNY pastries By CAROLYN QUEK COME July, you'll be able to buy Tung Lok's famous dim sum off your supermarket shelves. Tung Lok Restaurants yesterday said it has tied up with frozen foodsBRYAN NEIL VAN DER BEEK/ST - 445 words
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Advertisement150 2005-04-05 4 FOR SALE PAYA LEBAR 17 8 mi IMMEDIATE OCCUPATION Conveniently located, with the PIE and CTE within easy reach Venue: Paya Leber 178 Sale, office #02-10 "2? P^ 1 10 P""" 0 tran,portaUon and Date 5 April '05.Tuesday- 6April'os, Wednesday S u T*_ Fnn Impressive office-like environment Time 10.00 am150 words
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Advertisement1166 2005-04-05 4 INNOVALUES PRECISION LIMITED Registration No. *****2822E (incorporated in Singapore) NOTICE IS HEREBY GIVEN that the 2005 Annual General Meeting of the shareholders of the Company will be held at 18 Cross Street Bth Floor Marsh McLennan Centre Singapore *****3 on Monday, 25 April 2005 at 11 00 a m to1,166 words
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Page 5 Advertisements
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Advertisement91 2005-04-05 5 tit' *QBk Jite.* BP^B MSflfe, '1m W ..g,:.;, JH Bp J^iT? 1 y y ;j i *fr-\ 45^ rWPij® $jh* *k sS®E®&4' O aB A 1 > i Always reiia. j; There are some things in life that THg prGITIIGr IDD work so simply and perfectly, you can always rely91 words
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Page 6 Advertisements
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Advertisement1085 2005-04-05 6 ARMARDA GROUP LIMITED (Incorporated In Bermuda) Company Registration No. ***** NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 2005 Annual General Meeting of the Company will be held at The Executive Centre, Level 14 Prudential Tower, 30 Cecil Street, Singapore *****2 on 30 April 2005 at 9:001,085 words
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Advertisement90 2005-04-05 6 -H-A «Jt —ifTT 1 <j*i I u wj» m^ketmg Advertising Branding Media Consumer Engagement* Online Marketing* Mobile Marketing IDEAS! ASIA 2005 CONFERENCE AND EXHIBITION 12-14 APRIL SUNTEC SINGAPORE THE VERY BEST PRACTICES ANB STRATEGIC INSIGHTS FGR THE NEW WORLB CF MARKETING FRGM OVER 50 SPEAKERS AND 80 EXHIBITORS ALL UNDER90 words
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Advertisement211 2005-04-05 7 CdMRY Success in Motion :h£yw •r J 1 Slras*w^'<P»HlMHPW^^ KSFgS Success has always been a moving experience. Luxunous interior with leather seats LED combination lamps Introducing a bold new machine with the looks and power to elevate you HhAHb L L to a class of your own. The New Camry211 words
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SINGAPORE MARKETS
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Article, Illustration579 2005-04-05 8 TEH HOOI LING - STOCKS UOB, SingTel, KepCorp and Noble lead STI higher; Unifiber continues its mind-boggling march upwards TEH HOOI LING Senior Correspondent SINGAPORE blue chips advanced despite concerns of high oil prices, inflation and slowing growth in the global economy. The Straits Times Index (STI) rose 14.05Source: Bloomberg - 579 words
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Article, Illustration759 2005-04-05 8 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS SahMMM Noaf Prke SHAREHOLDING T>»n>lli»r Buy/ Share* Per Before After Tr— Oaf MmRr Sot HI ShrS CBOO) (000) Noreko 4 Apr-OS Luong Andy Buy 672 0 46 ***** 25 61 ***** 25.78 Kian Ann Engg 1 Apf OS Low Han Cheong Buy 30 0759 words
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110 2005-04-05 8 OVERSEA-CHINESE Banking Corporation (OCBC) yesterday increased its stake further in Great Eastern Holdings (GEH). OCBC purchased 347,573 GEH shares in cash at $13.50 per share through an ofT-market married trade, to increase its shareholding in GEH from81.01 percentto 81.08 per cent. The110 words
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68 2005-04-05 8 NANDE KHIN - Compiled by NANDE KHIN TWO substantial shareholders have increased their direct interests in Norelco Centreline Holdings. Arisaig Asean Fund Limited bought 1,430,000 Norelco shares last Thursday, bringing its stake from 4.99 per cent to 5.36 per cent. Norelco CEO Andy Luong increased68 words
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Article1052 2005-04-05 8 TEH HOOI LING - Compiled by TEH HOOI LING SembCorp Marine Ud Aprfl 4 dMMC $2 ÜBS INVESTMENT RESEARCH April 1 THE global semi-submersible rigs utilisation rate has reached 87 per cent for only the second time since the early 1980s. We expect further orders for new semi-subs and conversions. We factor1,052 words
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Article, Illustration381 2005-04-05 8 CURRENCIES AFP ITOKYOJ The US dollar was firmer in Asian trade yesterday as weak business confidence shown in last week's quarterly tankan survey continued to weigh on the yen, dealers said. Trading was cautious ahead of speeches by US Federal Reserve chairman AlanAFP; REUTERS - 381 words
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Page 9 Advertisements
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Advertisement178 2005-04-05 9 i .jjfNever Actually Own A Patek Philippe. WmmKM r r 1 i "I* I W Wk YM 1 L .'V...;>fe f jtMm" M TB j I'I" |ii'Lj|ij|^^^M SF' jtk 'rwtf* 1 I I If—•' 7 ,*^W| :1 H iMm *"K ■■r:jL- J t J.Pfey Y ■■>- I h Jv v178 words
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SINGAPORE NEWS
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Article, Illustration427 2005-04-05 10 LIZA LIN - More tourists, but lower hotel revenues why? Hoteliers: Feb y-o-y figures give a distorted view, with CNY, leap year By LIZA LIN TOURIST arrivals and receipts have increased, but the hotel industry does not seem to be benefiting, according to figures released by the Singapore Tourism Board. Despite welcoming moreAFP - 427 words
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160 2005-04-05 10 THE High Court hearing to appoint a judicial manager for Bintan Lagoon Resort, originally scheduled for yesterday, has been postponed to April 22. Lawyers contacted by BT said it was because one of the counsel for the judicial manager, Alvin Yeo of Wong Partnership, had160 words
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321 2005-04-05 10 Reuters THE Monetary Authority of Singapore (MAS) says it will issue its next monetary policy statement on April 12, a day after releasing advance estimates of GDP for the first quarter. Most analysts expect no change in the current policy set in AprilReuters - 321 words
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436 2005-04-05 10 PEPPER LEE - Self-help sells at up to $450 a seat By PEPPER LEE THE gloomy skies hardly blighted the spirits of the crowd gathered yesterday in the National University of Singapore cultural centre. Financial consultants, company chief executives and sales personnel alike took time off work to attend the Global Motivational Congress,436 words
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Article42 2005-04-05 10 UNIT TRUSTS FUNDS LEGEND: All prices are indicative; Broadly Diversified; Narowly Focused; S 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 Day42 words
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606 2005-04-05 11 ARTHUR SIM - Lack of remarkable architecture is main gripe at URA seminar By ARTHUR SIM SOME of the world's greatest architects have designed buildings in Singapore, but none of the buildings are great, Professor Tommy Koh told the Urban Redevelopment Authority (URA) at its606 words
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219 2005-04-05 11 THE Ministry of Community Development, Youth and Sports (MCYS) yesterday issued market awareness brochures on the proposed $650 million sports hub project at Kallang, and said a pre-qualification tender would be called in July. The brochures will be made available to stadium operators, property219 words
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Page 10 Advertisements
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Advertisement34 2005-04-05 10 DIT Europazins Best Bond Europe Fund over Iyr,3yrs and syrs category* rated AA by Standard Poor's. AlHailZ (jH) Source: The Edge-Lipper Singapore Funds Awards 2004 Global Investors < (>m| )<iny tcijn no IWWO 71 b'JZ34 words
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Page 11 Advertisements
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Advertisement469 2005-04-05 11 Let Scandinavian Airlines give you more reasons to combine work and play all in one trip. HHHHH Visit the world's oldest nation China for as little as Ss6B extra. Enjoy a stop in Beijing or Shanghai on your next trip en-route to Scandinavia or Europe, giving you the opportunity to469 words
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SME spotlight
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Article778 2005-04-05 12 CHEN HUIFEN - Other worries are labour and operating costs, and profitability, survey finds. CHEN HUIFEN reports CHEN HUIFEN CASHFLOW and funding issues remain the top business concern for small and medium enterprises in Singapore, according to the UPS Asia Business Monitor Survey. The study, which tracks 1,200778 words
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Article, Illustration1152 2005-04-05 13 NANDE KHIN - CONNECTING BUSINESS WITH HSBC There is renewed confidence in the country and its pro-business govt, says NANDE KHIN NANDE KHIN BUSINFSS interest in Indonesia may have waned sinre the Asian financial crisis, but opportunities still abound for Singapore SMKs thinking of developing an overseas wing, say peopleAFP - 1,152 words
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161 2005-04-05 13 iNiMJNhaIANb are generally sincere, triendly and down-to-earth. When working with Indonesians, do try to befriend them and, if possible, get acquainted with their family members too," says IE Singapore's Jakarta Centre director Lim Wei Siong. During negotiations, don't give the impression that you are161 words
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Article, Illustration800 2005-04-05 13 ANGELA TAN - SMALL CAPS Strong 2004 growth seen to continue at China Dairy this year, reports ANGELA TAN ANGELA TAN MILK product supplier China Dairy Croup appears to have the best of the best a strategic base in the world's fastest growing market, a steady raw material supplySource: Bloomberg; CHRIS LOH; BLOOMBERG - 800 words
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416 2005-04-05 13 TEH HOOI LING - By TEH HOOI LING ()l K small rap portfolio did well in th»* week to yesterday. outpacing both tin* I OH Sesdaq and Straits Times Indices. It gained 1.5 per rent, compared with all per cent fall in the Sesdaq Index and a 0.6 per416 words
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Article, Illustration764 2005-04-05 15 PEPPER LEE - Quality control is Amanda Food's selling point, reports PEPPER LEE PEPPER LEE HERE'S one heavyweight company who has the Atkins' Diet revolution to thank no, not for down-sizing of any form, but for beefing up their consumer base. For Amanda Foods Pte Ltd, aCHRIS LOH - 764 words
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Advertisement2691 2005-04-05 12 1 PEOPLE'S FOOD HOLDINGS LIMITED (Incorporated in Bermuda with limited liability) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN thai the Annual General Meeting of People's Food Holdings Limited ("the Company") will be held at Raffles City Convention Centre, Blundell Room, 2 Stamford Road, Singapore *****2 on Thursday, 282,691 words
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Advertisement73 2005-04-05 13 I 1 Expand regionally with HSBC We provide a comprehensive range of financial solutions for companies of various industries. If you are looking for cash management, trade services, financing local or overseas expansion, treasury services and insurance packages, contact us today. 1800 216 9008 > contact@hsbc.com.sg >►►► Commercial Banking 4«<73 words
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Page 14 Advertisements
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Advertisement4214 2005-04-05 14 To advertise INTRACO Limited (Registration No. *****0526Z) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Thirty-Sixth Annual General Meeting of INTRACO Limited will be held at The Chartroom, Raffles Marina, 10 Tuas West Dnve, Singapore *****4 on Thursday, 21 April 2005 at 10.30 a.m. for the following4,214 words
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Advertisement30 2005-04-05 14 We've made a haul! Share the good news with your investors Releasing a financial statement? Call 1800 289 8822 or email notices@sph.com.sg to book your advertisement in our newspapers now.30 words
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Advertisement2738 2005-04-05 15 289 8822 Email: notices@sph.com.sg IN THE MATTER OF THE COMPANIES ACT, CAP. 50 [Section 290(2){b)] AND IN THE MATTER OF OCBC LAND PRIVATE LIMITED (In Members' Voluntary Liquidation) Co. Reg. No. *****0205H NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the Company held at 9 Battery Road, #07-00, Straits2,738 words
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ECONOMY WATCH
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604 2005-04-05 16 Tougher controls, new customer attitudes reduce inflow of foreign money [LONDON] Is Switzerland losing its appeal as the ultimate private banking haven? Apparently so, says an article in the Financial Times. Marble halls, lifts that transport clients without pressing any buttons, anonymous ante-rooms604 words
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Article, Illustration500 2005-04-05 16 Reuters (TOKYO] Japan brushed aside yesterday speculation that it might sell US dollars from the world's largest pool of foreign exchange reserves in the name of diversification, saying the last thing it wanted to do was to roil theReuters - 500 words
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314 2005-04-05 16 Expected hike this week could tip economy into recession, they say AFP [SYDNEY] A leading Australian economic think-tank joined the government yesterday in warning the central bank that an expected interest rate hike this week could help tip the once-booming economy into recession.AFP - 314 words
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Page 16 Advertisements
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Advertisement274 2005-04-05 16 Where to wine, dine and entertain... P QP rRi N i.—-J > J fop FIND THE ONES &ATHAT FIT! Pi Recruit the right people through The Straits Times ;3 v— J Recruit. Call 1800 289 8822 or email j recruit@sph.com.sg to advertise. mf oaaiiß Krt [p c ii--r7 rc^V R->274 words
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Advertisement54 2005-04-05 16 mm m. H M|RITUS MANDARIN SINGAPORE AUSTRALIAN $48*++ per person Mjgjgrenfe. $88+++ per person 3 glass of Australian wine) M to $880+++ Reservations: 6831 6262/66jMBHt Jwi CHINESE MERITUS MANDARIN 'iVi'i* fA division of Overseas Union Enterprise Limited •x (Company Registration N0.*****0050E) 333 Orchard Road, Singapore *****7. Tel: +65 6737 4411.54 words
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MALAYSIA/INDONESIA
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Article, Illustration791 2005-04-05 17 SHOEB KAGDA - INDONESIA INSIGHT Rising inflation and interest rates put pressure on stocks and rupiah, worsened by surging global oil prices and fears of more cuts in fuel subsidies SHOEB KAGDA Jakarta Correspondent THE jitters have certainly taken hold of Indonesia's financial markets after three years791 words
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Article, Illustration452 2005-04-05 17 S JAYASANKARAN - By S JAYASANKARAN in Kuala Lumpur IN early January, an informal Kuala Lumpur lunch group of fund managers, securities analysts, senior business executives and financial journalists pooled money to make an informed bet on where the benchmark Composite Index of Malaysia's bourse would be on452 words
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Advertisement427 2005-04-05 17 NOTICE ON INTERNATIONAL TENDER Hmimos berhad Procurement Logistics Department MIMOS BERHAD 2nd Floor, West Block, Technology Park Malaysia ***** Kuala Lumpur, Malaysia (Tel. No.: 603-*****000 samb.: 6301/6320) 1. MIMOS Berhad hereby invites manufacturers or their accredited agents who are prepared to submit comprehensive proposals on the following tender. MIMOS" Tender427 words
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Advertisement1401 2005-04-05 17 Tsit Wing International Holdings Limited NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Tsit Wing International Holdings Limited ("the Company") will be held at Opal Room, Level Two, Sheraton Towers, 39 Scotts Road, Singapore *****0 on Thursday, 28 April 2005 at 10:00 a.m.1,401 words
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CHINA
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Article, Illustration550 2005-04-05 18 Property prices on accelerating, upward trend Reuters [BEIJING] China is taking further steps to avoid a speculative property bubble that could pose risks to the economy and its fragile banks, officials said yesterday. One new measure a property tax will go on trial this yearReuters; AFP - 550 words
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148 2005-04-05 18 AP [HONG KONG] China wants to speed up the planning for a super bridge linking Hong Kong, Macau and the southern Chinese city of Zhuhai, and construction on the US$3.B billion project could begin by the end of 2005. "The planning of theAP - 148 words
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Advertisement1710 2005-04-05 18 SINGAPORE PETROLEUM COMPANY LIMITED (Co Reg No: *****0291 N > (Incorporated in the Republic of Singapore) Notice of Annual General Meeting Closure of Books NOTICE IS HEREBY GIVEN that the Annual General Meeting of the shareholders of the Company will be held at Inter-Continental Singapore, 80 Middle Road, Singapore *****61,710 words
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Advertisement326 2005-04-05 18 CALYON FINANCIAL PRODUCTS (GUERNSEY) LIMITED (Incorporated in Guernsey, Channel Islands with limited liability) NOTICE TO WARRANTHOLDERS TO ALL HOLDERS OF EUROPEAN STYLE CASH SETTLED CALL WARRANTS RELATING TO THE ORDINARY SHARES OF FU YU CORPORATION LIMITED ISSUED BY CALYON FINANCIAL PRODUCTS (GUERNSEY) LIMITED (FU YU CA ECW*****5) UNCONDITIONALLY AND IRREVOCABLY326 words
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INDIA
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243 2005-04-05 19 Reuters (Ml AfHMI I ight Indian firms vigned deals worth a combined I Ssl S billion l<**lrrd«\ to build power plants tn the country s energv starved western state of Maharashtra w here an I nr«»n unit has boen sitting idle forReuters - 243 words
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477 2005-04-05 19 European wines and spirits likely object of Indian retaliation IM W I»l I Mil India is ron sidering retaliatory action against the I uropean Union II I I for imposing a rounten ailing dut> on Indi an pharmareutiral prod nets.477 words
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220 2005-04-05 19 Bloomberg IMUMRAII Infosys Technologies I td. India'* second-largest software maker, was awarded a higher debt rating than the government by Standard Mi Poor's (SAP), because the company's export earnings ensure It would be able to pay any overseas debt Infosys received investment grade raUngs forBloomberg - 220 words
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Advertisement1845 2005-04-05 19 <«U M-fnt Iff 2M9 M32/I—U: —dc«#<ph.cwif IN TMI MATTf* or the t oaa»*M*i ACT fA* M Mi IN THE tAATTI* O* MIOfIMVO AW MCJHC rt| ITO INOYmOKAI UOCNOATOn Am*«TEOt IC.iwaaw| W» i I fry W at I ah la -J -t! iM'.fct *',> HC*K rr| iTB A. MASiijUOC. OEoTiCH 61,845 words
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Advertisement1650 2005-04-05 19 Mil E—il: —tkw#»pfc.c— f EE UNITED ENGINEERS LIMITED (Company Ragolratlon No 191?*****G) NOTICE OF ANNUAL GENERAL MEETING NOTICi IS HERIBY GIVEN that the Ninety first Annual General Meetinfl of the Company will be hekl at 81A Clemenceau Avenue. sth Storey. Park Avenue Suites. UF Square. Singapore *****8, on Tuesday 261,650 words
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ASIA-PACIFIC/WORLD
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Article, Illustration577 2005-04-05 20 World's cardinals meet to plan funeral of pontiff who will be interred in St Peter's Basilica AP, Reuters [VATICAN CITY] Pope John Paul ll's funeral will be held on April 8, the Vatican decided, as the Catholic Church's CollegeAP,; Reuters; AFP - 577 words
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487 2005-04-05 20 NEIL BEHRMANN - By NEIL BEHRMANN in London THE two-year race into emerging market stocks screeched to a grinding halt in the last weeks of the first quarter. The big question now is whether price tumbles in March are signals that there could be487 words
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436 2005-04-05 20 ANTHONY ROWLEY - By ANTHONY ROWLEY in Tokyo ECONOMIC and monetary integration moves in Asia are expected to receive a significant boost from the decision by the Asian Development Bank to set up a new Office of Regional Economic Integration at its Manila headquarters. The move436 words
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Advertisement2713 2005-04-05 20 Jishcm Holdings Limited Company Registration No. *****0591E V y (Incorporated in the Republic of Singapore) Notice of Annual General Meeting NOTICE IS HEREBY GIVEN that the First Annual General Meeting of Jtshan Holdings Limited (the "Company") will be held at Carlton Hotel Singapore, Esplanade One (Level 4), 76 Bras Basah2,713 words
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WORLD
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Article, Illustration449 2005-04-05 21 ChevronTexaco to pay US$16.4b in biggest oil-firm merger in 3 years NYT, Bloomberg INFW YORK] Unocal, one of the largest independent oil companies, has agreed to be acquired by ChevronTexaco Corp for US$l6.4 billion. The biggest oil-com-pany merger in three years will increase ChevronTexaco's reserves inNYT,; Bloomberg; Source: FT - 449 words
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309 2005-04-05 21 Reuters (AMSTERDAM] Worldwide semiconductor sales rose to US$lB.l billion in February, 15.8 per cent over the year-ago period, the World Semiconductor Trade Statistics (WSTS) group said yesterday. But the sales were 2 per cent below revised January revenues. The US-based SemiconductorReuters - 309 words
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Article, Illustration355 2005-04-05 21 UK firm has already agreed to be bought by Apax -Bloomberg IDALIAS] Lions Gate Entertainment Corp, whose films include "Fahrenheit 9/11" and "Monster's Ball", is considering making a bid for Hit Fntertainment pic, a UK children's television company that last month agreed to-Bloomberg; LIONS GATE ENTERTAINMENT - 355 words
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217 2005-04-05 21 Bloomberg [NEW YORK) Maurice Greenberg, the ousted chairman of American International Group, has offered to sever his remaining ties to the insurer by ending AlG's relationship with two companies he controls, sources said. The proposal would stop AIG executives from receiving bonuses fromBloomberg - 217 words
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333 2005-04-05 21 [LONDON] American investors have brushed off the threat of foreign companies fleeing the United States to escape the tighter corporate governance imposed by the Sarbanes-Oxley Act, pushing trading of non-US stocks in New York to highs not seen since the Internet bubble, reports the333 words
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Advertisement2173 2005-04-05 21 TOP GLOBAL LIMITED Company Registration No: *****3719Z I ?i?r rn« stm»Mit h a 6 m°? s Annual General Meeting of the shareholders of the Company will be held on Thursday, 21 April 2005 at I 18 Cross Street Bth Floor Marsh McLennan Centre Singapore *****3 at 10.00 a.m. to transact2,173 words
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AVIATION
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Article, Illustration334 2005-04-05 22 He says it would complement Virgin Blue's routes, with focus on services to US, China, Japan AFP [SYDNEY] Richard Branson said his Virgin Group is considering launching a second Australian-based airline to focus on travel to the United States, China and Japan. Mr BransonAFP; REUTERS - 334 words
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290 2005-04-05 22 Bloomberg [BEIJING] China's Sichuan Airport Group said it is in talks with European investors about raising money to fund expansion at Chengdu Shuangliu International Airport, the nation's fifth-largest in terms of passenger traffic. Sichuan Airport, which plans to spend about 10 billion yuanBloomberg - 290 words
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493 2005-04-05 22 AP [SEATTLE! The parent of European plane maker Airbus might accept tax breaks and other government incentives in the United States that are similar to those it criticised rival Boeing Co for receiving. European Aeronautic Defence and SpaceAP - 493 words
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Article90 2005-04-05 22 AFP [FBANKFURT] The maiden flight of Airbus's new A3BO superjet, originally scheduled for the end of March, has been delayed by a few weeks, the business daily Handelsblatt quoted a company spokeswoman as saying in yesterday's edition. The new jets would be handed over to theAFP - 90 words
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Article, Illustration65 2005-04-05 22 [SONGKHLA, Thailand] Policemen discussing security measures at Hat Yai airport in Songkhla province, southern Thailand, yesterday after three bomb attacks the night before left two people dead and 75 wounded. Airports in Thailand went on full alert after the bomb blasts at the region 's mainAFP - 65 words
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Article397 2005-04-05 22 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:397 words
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324 2005-04-05 22 Bloomberg [WASHINGTON] Service worsened at nearly three-fourths of US airlines last year as fewer employees handled a growing number of passengers, according to a survey by two academics who follow the industry. US Airways Group Inc, the seventh-biggest US carrier, hadBloomberg - 324 words
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Page 22 Advertisements
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Advertisement642 2005-04-05 22 Integra Ltd Company Registration Number: *****6459N NOTICE IS HEREBY GIVEN that the Sixth Annual General Meeting of the Company will be held at Level 1, Tera 1 Room, 750 C Chai Chee Road. Technopark Chai Chee, Singapore *****3 on Wednesday, 27 April 2005 at 9.00 a m. for the following642 words
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SHIPPING
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Article, Illustration469 2005-04-05 23 Presidential decree calls for steps to boost local shipping companies Bloomberg IJAKARTA) Indonesia will ban overseas shipping lines from carrying cargo between the country's seaports in a move to protect local companies, according to President Susilo Bambang Yudhoyono's March 28 decree, releasedBloomberg; FILE PHOTO - 469 words
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PORT SHOTS
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98 2005-04-05 23 ISINGAPORFI SembCorp Marine subsidiary PPL Shipyard has won a 129 million contract to build a rig for Cyprus-based Seatankers Management Co. The yard will start building the jack-up oil rig, a mobile offshore drilling unit that stands on legs lowered to the seabed, in98 words
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Article111 2005-04-05 23 Bloomberg ISINGAPORKI Neptune Orient I.ines Ltd (NOI.), Asia's second-largest container shipping line by capacity, said containers it moved in the four weeks to March 11 were little changed from a year earlier because of the Chinese New Year holidays. The company's container shipping unit, Al'l., carriedBloomberg - 111 words
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65 2005-04-05 23 AP ISINGAPOKFI The navies and air forces of Singapore and Australia launched a joint maritime exercise yesterday in the Singapore Strait and the South China Sea, Singapore said. Kxercise Singaroo, which ends on Friday, will featun conventional maritime strike, air defence and anti-submarine warfare scenarios,AP - 65 words
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845 2005-04-05 23 SELVA KUMAR - ADMIRALTY CASEBOOK By SELVA KUMAR SIIII' that collided with an anchored vessel in a river while leaving its berth has been held to be solely to blame for the incident even though officers on the anchored vessel also made several mistakes. Last845 words
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308 2005-04-05 23 Reuters I KARACHI! Pakistan has delayed the inauguration of a Chinese-financed deep-sea port as security fears mean Chinese Prime Minister Wen Jiabao will be unable to go there this week during a visit to Pakistan, officials said. The US$24B million port at Gawadar, 4XOReuters - 308 words
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Page 23 Advertisements
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Advertisement1748 2005-04-05 23 < COSCO CORPORATION (SINGAPORE) LIMITED I (Incorporated In the Republic ot Singapore) I A 1 Registration No *****0159G CaSca NOTICE OF annual general meeting NOTICE IS HEREBY GIVEN that the Annual General Meeting ot the Company will be held at Pan Pacific Singapore. 7 Raffles Boulevard. Marina Square, Singapore *****5,1,748 words
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EDITORIAL & OPINION
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Article522 2005-04-05 24 EDITORIAL "IT'S not going as well as we'd hoped," Qantas chief financial officer Peter (iregg told reporters last month. He was referring to the performance of Qantas' Singaporebased low-cost carrier Jet Star Asia. But he could just as well have been referring to the state522 words
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Article, Illustration4157 2005-04-05 24 The rise of China and India will shift world's centre of gravity from the Atlantic to the Pacific and Indian Oceans We reproduce below the text of the keynote address by Minister Mentor Lee Kuan Yew at the official launch of the Lee Kuan YewALBERT SIM/ST; AP - 4,157 words
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Page 25 Advertisements
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Advertisement126 2005-04-05 25 can assist you with offshore structures, shelf companies and Incorporations in ALL jurisdictions inchnfing: British Virgin Islands Cayman islands Bahamas Mauritius Hongkong Samoa Full nominee, management, secretarial, banking and corporate administration services are available. We also specialize in offshore trusts for assets protection estate planning. For further information and immediate126 words
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Page 25 Miscellaneous
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Miscellaneous378 2005-04-05 25 CRYPTIC CROSSWORD az-dacc 4 A large petrel to be found in CorACROSS nell, Yale too (5) A'! Ernest to the back 5 Rura l businesses offering a meal aoor(/) and a date at the main house (9) 5 r ght in9e 5 6 Gee! Is this a complicated takeand I378 words
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Article2516 2005-04-05 26 SGX XTRANET 52 WV Td Last Vol Day last Quote GrDrv Mv GfYld Net MCap High Low Coda Company Sate COOP) High Low fciyor StMf Cvr SUM 6065 Diamonds US2060cd 2120 6095 IS DJ US Tech US3740 6097 ISMSCISpore US555 6101 ISSAP500 US8270 6170 SPDRS US***** 2195 17752,516 words
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Article3566 2005-04-05 27 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local tun In SS In Utt Ndy S|H <Jy Hyr Of %yr lnOf» Oi>nq« Ch»nq> »«nq« Chanty? Clang.; ih»ngr Aoc 8538 Ql 02 04 00 00 -15 «£AH witaTuwy 797 1 0.4 32 07 10 02 «6 £ir3pr J i»K-.-jr, ***** 0.43,566 words
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Page 28 Advertisements
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Advertisement1913 2005-04-05 28 I IMPORT- NORTH AMERICA AUSTRALIA/NEW ZEALAND I I SUPER SHUTTLE EXPRESS (SSX) mmmmmmmmmmm AUSTRALIA ASIA EXPRESS (AAX) VESSEL VOY LGB SIN PKG 00Q ATLANTA to AM gg SWj_ PKG OOa ROTTERDAM 10W12 30/03 17/04 19/04 ANI EMBLEM 17N 26/03 28/03 30/03 01/04 05/04 10/04 12/04 OOCLNINGtO 08W13 06/04 24/04 26/041,913 words
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Advertisement817 2005-04-05 28 IINTCTASIA ROUP SEKVKf vKsa/voT umn) hbghiw kg km m i aw jkt STRAITS VENTURE 07/05 IS 3.2 2* 27/03 29/03 03/04 06/04 08/04 STRAITS VENTURE 01/ OS 15 3.2 11/04 1 3/04 STRAITS VENTURE W/05 IS 3.2 22 23/04 25/04 30/04 03/05 05/05 laustrauan roro service I VBSa/VOT MMPQCT) HBGHTW817 words
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Page 29 Advertisements
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Advertisement1082 2005-04-05 29 f MOi Combines a range of shipping modes to ensure timely, reliable services covering major ports in North America, Europe, Japan, Asia, Africa Oceania. Abe occspt hrtrt-Ask Cepts to: For Schedules, BL Searches, ond Container Tracking, visit on our Home Page: www.moliin.com.»<ji www.hombufgsud.com AUSE SMYKI (tXPOKT) l-khi Hsrtbr (*****22-2M3 m1,082 words
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Advertisement1202 2005-04-05 29 VESSEL VOY SIH PGU HCM HKC KYH PUS VESSEL VOY TP PKG GOLDEN MERCHANT SQ7N 12/4 13/4 IS/4 NEW bYNAMIC M4A ~WT ti/4 KUO LUNG 008N 19/4 20/4 22/4 PERTH BRIDGE 078 A fl/T 23/4 I GOLDEN GATE I 7&/4 77/4 179 4 NEW DYNAMIC ~OBSA 28/4 30/4 *VSI cofcng1,202 words
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Advertisement711 2005-04-05 29 WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICQ POINTS VESSEL VOT SIN PJCLANG COLOMRO N. SHEVA COLOMiO 1111 I I I Aiso ncarnn fq to coo* tutkmm (vu colomk) and kanduTgoal (VU N SHEVA) CONNKTMG MODS) VSIS TO EUROPE (FHJXSTOWE. ROTTHOAM.I HAMRURO) AWP EAST COAST USA711 words
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Advertisement789 2005-04-05 30 WW WALLENIUS WILHELMSEN website: http://www.2wglobol.(om YtSStt VOY RAMP HEIGHT I SIN IK MAO HOW IMA SAY Ml ~08?~ NYC HfW Mpj TAPKHA AFSOB 4001NS 6.3 M I 10/04 10/05 15/05 19/05 17/05 21/05 TAMPtRE A 1512 4001 MS 6.3 M I 29/04 07/05 10/06 14/06 14/06 TAMPA AFSII 420T0«s 6.4789 words
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Advertisement1950 2005-04-05 30 VKSII VOY SIN POU Yl Stt XQI SM Kt CSf 2301 oioor 30/03 31/03 EffKRL. g£3 PACIANDA 1439 M 02/04 03/04 Mfitii mn M/M ~51/S PAC PANDA 1440N 03/04 04/04 928^^I^S/04^iJm^_ csf 2301 03/04 03/04 PAC BANDA 1441N 05/04 05/04 yTTai^ CSf 2301 0103P 06/04 07/04 jgH UUJ 9SM SUM1,950 words
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THE BUSINESS TIMES SHIPPING TIMES
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Page 32 Advertisements
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Advertisement4036 2005-04-05 32 Notices a SembCorp F Industries SEMBCORP INDUSTRIES LTD (Incorporated in the Republic of Singapore) Company Registration No. *****2418 D NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the members of SembCorp Industries Ltd (the "Company") will be held at The Theatrette, 60 Admiralty4,036 words
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Advertisement402 2005-04-05 32 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF TIANJIN JIANZONG ENGINEERING CO. (PTE) LTD (IN MEMBERS'VOLUNTARY LIQUIDATION) Company Registration no. *****0398 C Al an Extraordinary General Meeting of the abovementioned Company held at No. 2 Youyi Road. Hexi District Tianjin. P.R. China on 31402 words
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PROPERTY
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Article, Illustration705 2005-04-05 33 PAULINE NG - Yu Neh Huat is only interested in projects with high margins, reports PAULINE NG PAULINE NG HEARD of the supermodel who won't get out of bed for anything less than £10,000 a day? Well, property developer Yu Kuan Chon does not deign to look at705 words
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378 2005-04-05 33 PAULINE NG - By PAULINE NG in Kuala Lumpur A NUMBER of parties including Government of Singapore Investment Corporation or GIC, are already knocking on Yu Neh Huat's door to buy its office buildings and this is even before they are built. GIC is said378 words
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462 2005-04-05 34 NEIL BEHRMANN - Major UK funds already hold sizeable property investments By NEIL BEHRMANN in London COMMERCIAL property has provided the best returns for British pension funds in the past few years, in line with similar experience for other European, North American and462 words
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Article, Illustration439 2005-04-05 34 ALEXANDRA HO - 38 landed home owners seek 145m in en bloc sale By ALEXANDRA HO OWNERS of landed properties at Lengkok Angsa, off Paterson Road, who have been trying since 2000 to put their homes up for collective sale, are once again making an attempt. This time,439 words
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345 2005-04-05 34 [SINGAPORE] Office space landlords have reason to smile, according to the research and consultancy arm of real estate company Savills. Following the encouraging take-up levels in premium grade office buildings in the first quarter of this year, Savills now expects a "second wave"345 words
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Advertisement2883 2005-04-05 33 Sommerville Court For Sale By Tender ///I Short walk to Serangoon /ZjjjgM \V7* -O MRTstation f Pickle (vf\\ A\\ 1 Pfot ratio 1.4, up to 5 storeys uD^j' sassr oßd Located at Sommerville f fififififl -Li—M.—Sis——■—-- rope Charles Hoon: *****285 D ii Ea 6 Battery Road *32-01 Singapore *****9 CB2,883 words
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Advertisement279 2005-04-05 34 3583riijiTpiiii hfifyrfhH Irf^'W. 'v 'J^p "f^Ktpu MrßMli%filifMßi r s wxk v^..; j ;%t s s\v/%-??.v:''. Embrace the unique opportunity to shape the skyline of Sentosa Cove, Singapore's only oceanfront residential community. Sentosa Cove is the spectacular centrepiece of Singapore's billion-dollar plan to develop one of the world's most exclusive integrated279 words
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Advertisement63 2005-04-05 34 Receive money on the same day Th*|||*|nfl Lower remittance charges lICIIICIIHI Personalised service InHnilOCisi Collection service available lIIUUIICOIO Pay by Internet banking, ATM q il I O transfer,cheques,etc 0f \f Ani GPL Remittance Pte Ltd Mm WP I Golden Mile Complex, 5001 Beach Road 01-77 A m fc Singapore *****863 words
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