The Business Times, 2 May 2005
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2005-05-02
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The Business Times
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Title Section14 2005-05-02 1 THE BUSINESS TIMES SINGAPOkt od online at http^/business-times.asial.com.sg MICA (P) 089/03/2005 Monday, May 2,200514 words
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888 2005-05-02 1 CHEN HUIFEN - BT exclusive They say current mainboard rules not conducive By CHEN HUIFEN [SINGAPORE] Biotechnology and drug development companies in Singapore are concerned that the Singapore Exchange's (SGX) current listing requirements are not conducive for them to list. They "are really based on conventional888 words
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Article, Illustration551 2005-05-02 1 JEAN CHUA - Win-win-win relationship underpins efforts to stay ahead By JEAN CHUA [SINGAPORE] Prime Minister Lee Hsien Loong yesterday reaffirmed the government's commitment to Singapore's tripartite partnership, saying that it is fundamental to the economy's survival. Speaking at his first May Day Rally as theDESMOND WEE/ST - 551 words
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548 2005-05-02 1 SIOW LI SEN - Recent report expects growth rate to be 20% higher than global average By SIOW LI SEN [SINGAPORE] The financial services industry in Asia-Pacific will continue to grow over the next 15 years, mirroring global trends among which is that scale is548 words
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Page 1 Advertisements
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Advertisement26 2005-05-02 1 BizlT IS Buzz over IDA's W desktop tender Are S pore firms innovative enough? HfJF executives think needs to be done VIEWS FROM THE TOP PGB26 words
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Advertisement83 2005-05-02 1 YOUNG INVESTORS' FORUM How to appraise funds' performances pg 10 ■I w tm M l_ x lr f*wkM L. A PgM f y faf ik JV J*,-'' i AFP SAGE SPEAK Warren Buffett's observations at Berkshire Hathaway AGM. The Berkshire chairman is seen here playing the ukelele at the Fruit83 words
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Advertisement10 2005-05-02 1 RETIRING IN S'PORE Winsome do, and some don't PG3 ■HHSr^Tflavl10 words
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Advertisement8 2005-05-02 1 CORPORATE ANALYSIS IRs not shaking up hoteliers PG48 words
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TOP STORIES
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Article706 2005-05-02 2 Singapore the making of a sunshine state? WHEN one dreams of a retirement haven, chances are Singapore barely crosses one's mind. Yet, unknown to many, there are several hundred foreigners who have chosen to settle down and retire in the humid city-state over the years. TOP STORIES, PG706 words
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966 2005-05-02 2 ANDREW MARKS - WALL STREET INSIGHT Impact will set Wall St's course for rest of the month By ANDREW MARKS in New York WALL Street faces one its most important trading weeks of the year thus far, as the stock market will have both Tuesday's966 words
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Article, Illustration634 2005-05-02 2 SHOEB KAGDA - BT exclusive By SHOEB KAGDA in Jakarta INDONESIA'S Lippo Group and Malaysia's Maxis Communications, two of Southeast Asia's largest business groups, have joined forces to form a US$l.5 billion venture in an attempt to grab a piece of Indonesia's lucrative mobile telecommunications market.634 words
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Article161 2005-05-02 2 THF Corporate Transparency Index table printed on April 26 carried an error. A mathematical inaccuracy in the research database led to the scores of 8 of the 615 companies being wrongly stated. While the content and context scores were correct, the total scores were erroneous. The following table shows161 words
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Page 2 Advertisements
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Advertisement168 2005-05-02 2 fj| >j*f lj W* ■L V F Global Corporate Services Company Formation Foreign Direct Investment Virtual Offices Since 1975 OCRA Worldwide has been providing offshore incorporation and administration solutions for Asian and International businesses. We have been at the forefront of corporate and financial trends in China and lead the168 words
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RETIRING IN SINGAPORE
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Article, Illustration726 2005-05-02 3 ANGELA TAN - S'pore a sunshine state? Despite the high cost of living, there are quite a few reasons for foreigners to settle here, says ANGELA TAN ANGELA TAN Instead of the bustling and occasionally haze-filled Lion City on the Equator, it is more likely that the images will be of exotic beachfront726 words
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Article, Illustration653 2005-05-02 3 LIZA LIN - BY LIZA LIN FLYING into Singapore for the first time in 1963, 24-year-old British expatriate Graham Hayward was greatly amused. "When I came, the word 'Merdeka' was plastered on the aviation control tower," he recalls. "However, from the angle weARTHUR LEE - 653 words
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684 2005-05-02 3 LIZA LIN - Older expats less likely to retire here, but younger workers drawn by opportunities to make money By LIZA LIN FOR foreigners, Singapore is an attractive place to make more money rather than to retire, headhunters told BT. Those interviewed said that684 words
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COMPANY NEWS
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Article, Illustration1535 2005-05-02 4 ARTHUR SIM - CORPORATE ANALYSIS The hotel, retail and convention centre industry does not seem to regard the IRs as extra competition as ARTHUR SIM finds out ARTHUR SIM IF hoteliers, retail mall managers and convention centre operators are scared, they are not showing it. They put on1,535 words
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Article846 2005-05-02 4 SIOW LI SEN - HOCK LOCK SIEW By SIOW LI SEN IT has been some time since Singapore banks embarked on their regionalisation drive. What is the current scorecard? To take stock of the efforts, one may have to start with the older annual reports of the the local846 words
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1054 2005-05-02 5 R SIVANITHY - Fall comes despite 5 new listings; Hyflux boosts billion-dollar club membership to 65 By R SIVANITHY EVEN with Hyflux Ltd's addition to the billion-dollar club, boosting membership to 65, April saw the stock market's capitalisation slip about $1 billion to $381.21,054 words
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331 2005-05-02 5 LIZA LIN - By LIZA LIN MAINBOARD-listed telecommunications vendor Snowcity International is changing its name after being tired of mistaken for a local theme park. For months, David Ng, chief financial officer for the Chinese company, had been receiving enquiries for family331 words
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297 2005-05-02 5 JEAN CHUA - By JEAN CHUA MAN WAH Holdings, a Hong Kong-based manufacturer of leather sofas, has lodged its preliminary prospectus with the Monetary Authority of Singapore (MAS) for a listing on the main board. It did not specify the amount it wants to297 words
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Article, Illustration521 2005-05-02 5 RONNIE LIM - Oil firms enjoy cost recovery and higher rate of return By RONNIE LIM INDONESIA'S latest move to encourage oil companies to explore and develop smaller, marginal oil and gas fields by covering more of their costs and doubling their rate of return to 30521 words
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Page 4 Advertisements
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Advertisement848 2005-05-02 4 ODBS DBS BANK LTD (Incorporated in the Republic of Singapore) (Company Registration No. *****0306E) ANNOUNCEMENT Proposed adjustments to the terms and conditions of 20,000,000 European Style Cash Settled Call Warrants relating to the ordinary shares of SembCorp Logistics Ltd (SEMBCORP LOG IS DBS ECWOSIOI2) expiring on 12 October 2005 (the848 words
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Page 5 Advertisements
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Advertisement79 2005-05-02 5 I i||l|MM—^ Discretion has always been ijBGHHHEjfiCTyM our greatest strength. ilbiat U3^m r j SaslPlii ■HHP IfV SUCCESSFUL YEARS WsßlVZffl X \J IN KONG ft COUTTS IS THE TRADING NAME OF COUTTS BANK VON ERNST LTD. A LIMITED LIABILITY COMWVNY INCORPORATED IN SWITZERLAND- THIS ADVERTISEMENT IS NOT NTENDED AS AN79 words
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SINGAPORE MARKETS
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Article, Illustration620 2005-05-02 6 R SIVANITHY - STOCKS R SIVANITHY Senior Correspondent WK are four months into 2005 and so maybe it's time to take a quick, look at how markets have performed. It's a report card that makes for very interesting reading, one that throws up many surprises, especially for the620 words
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515 2005-05-02 6 CURRENCIES AFP [HONG KONG] Key Asian currencies rose against the US dollar after announcements that the US economy recorded its slowest growth rate in two years, well below market expectations of 3.5 per cent. Japanese yen: The yen rose against theAFP - 515 words
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Article, Illustration420 2005-05-02 6 OTHER SINGAPORE INDICES Apr 29 VALUE CLOSE BT OB/OS -344.00 +95.00 BTCAPI -*****.00 -58.00 BT 10-day MA -*****.00 -35.00 All-SG Equities 547.45 -4.84 SG Equities Elect 130.73 +2.86 SG Equities Fin 1594.84 -11.97 SG Equities Prop 568.71 -1.53 SIMSCI 251.14 -2.44 SiMSCI Futures 249.80 -4.30 MOST ACTIVE STOCKS VOLUME UniFiber420 words
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918 2005-05-02 6 COMMODITIES: WEEKLY ROUNDUP AFP [LONDON] World oil prices ended the volatile month of April, during which historic high points were reached, on a calmer note as supply worries eased owing to a larger-than-ex-pected increase in US crude stocks. And the slowest USAFP - 918 words
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Article2573 2005-05-02 6 PiytMM Ei Boofci Pay Payment la looh teal <t» dm <n bay dm—4m—date 8T»le<om intl US2< F US0 26TA 20 Apr 25 Apr OS May MCL Land 5 62 00 OSMay lOMay 19Vay BTelecom tntl US2c 5 US0 26TA 20 Apr 25 Apr OS May Media Asia HKIOc2,573 words
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Article45 2005-05-02 6 Investor events to watch out for SNF Corp's bonus issue, ex-date, May 3 Straits Trading's dividend payment, May 3 Australand Prop's dividend payment, May 4 Telecom Int'l's dividend payment, May 5 Nera Elect's dividend payment, May 5 Nera Telecom's dividend payment, May 545 words
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Article, Illustration1098 2005-05-02 7 TEH HOOI LING - TEH HOOI LING Senior Correspondent ONmite UOBSosdbq Index sank to 80.03 potateits lonwost dose since July < 2003. That's loss of 2.7 psr cant for the wook. and is the second index's biggest M in nine weeks. As expected, most of our portfoftos1,098 words
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Article, Illustration1067 2005-05-02 7 ROBERT HALILI - INSIDE MARKETS 17 firms record 36 transactions worth $36.2 million while seven report 9 disposals worth $7.9 million, says ROBERT HALILI ROBERT HALILI INSIDER sentiment remained positive in the last week of April, with buying outweighing selling in every trading category 17 firms recorded 36 transactionsFILE PHOTO - 1,067 words
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VIEWS FROM THE TOP
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Article, Illustration1751 2005-05-02 8 THIS WEEK'S TOPIC Are Singapore firms innovative enough? If not, what needs to be done? I DO feel that Singaporean firms are innovative, increasingly aggressive and risk-taking. Most Singaporean firms today see the region, including China, as their target market, and they have no hesitation in venturingIllustration: Ben Cruz - 1,751 words
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Page 8 Advertisements
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Advertisement91 2005-05-02 8 BT CEOs e-Club Members of the BT CEOs e-Club are Singapore's top corporate leaders whom BT editors would like to interact with in an atmosphere of informality and trust This 'dub' Is a virtual one, with interaction mainly via e-mail. Each week, we will invite comments from these top executives91 words
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SINGAPORE NEWS
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Article342 2005-05-02 9 LIZA LIN - In S'pore, shoppers can look forward to new store design By LIZA LIN SINGAPOBE can expect at least three more retail outlets and a new store design from The Body Shop this year. Asia-Pacific operations posted the biggest jump in sales for the global skin342 words
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Article190 2005-05-02 9 DATE/ TIME EVENT VENUE 2 May Launch of President's Istana 10.30am Challenge 2005 3 May Group Endeavours in Lecture Theatre 1, 4.30pm Service Learning (GESL) National Institute of Day Education, 1 Nanyang Walk 3 May ISEAS Seminar on Local and ISEAS, Seminar Room 10.00am Global Knowledge: Social II,190 words
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Article, Illustration295 2005-05-02 9 JEAN CHUA - By JEAN CHUA DARK clouds and the threat of rain did not deter a large crowd from turning up at the Botanic Gardens yesterday for the first of a series of concerts presented by Singapore Press Holdings (SPH) and the Shaw Foundation. TheCAROLINE CHIA/ST - 295 words
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187 2005-05-02 9 HUMAN resource firm, Boyden Global Executive Search Singapore, has headhunted itself to success, beating 69 other Boyden offices in more than 40 countries to the award, "Office with highest percentage growth rate in Boyden global network (of 70 offices)". Adding to their fanfare187 words
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Page 9 Advertisements
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Advertisement233 2005-05-02 9 smL4'^*~'H sag iTTr? 3 Routes 111 Sw-s?::HW'^r wil BUW LANDED PROPERTIES If P^ —As an individual homeowner, you can offer your landed property saw*.- ;«*-;ir--^ lf »»J .ush with one San x 2column black white advertisement in this S&i 7 'ir page for free*. For more prominence, add full colour233 words
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Advertisement18 2005-05-02 9 The Dining Out page will be carried in tomorrow's BT Booster Capital Guaranteed Fund SGDRID 21/04/05 9,76 SOD18 words
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BT-CITIBANK YOUNG INVESTORS' FORUM
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Article, Illustration667 2005-05-02 10 CAROLYN QUEK - CAMPUS LIFE Artist Ajeet Mansukhani speaks to CAROLYN QUEK about making headlines in the European art scene CAROLYN QUEK BUDDING interactive artist and LaSalle-SIA College of the Arts student Ajeet Mansukhani is going places both literally and career-wise. While his contemporaries are still struggling with their careers, Mr667 words
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Page 10 Advertisements
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Advertisement931 2005-05-02 10 Performance primer PERFORMANCE appraisals are notoriously The ST Index comprises 50 actively traded dfficult Anyone who has sat down with their stocks drawn from a of the maifcet bosses or suboidinates to discuss how they and weighted by their market values. Howe** performed during the year will attest to this-only931 words
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Advertisement251 2005-05-02 10 Be smart with your finances FANCY becoming the next Warren Buffett or George Soros? Or even the famous Robert Kiyosaki? Then read on. The Young Investors' Forum, part of the BT-Citibank Tertiary Outreach Programme, isn't another dry page out of your financial textbook. To complement our editorial content, we have251 words
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ECONOMY WATCH
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Article, Illustration1078 2005-05-02 11 Analysts are divided on whether the 20-minute hike was deliberate or due to a technical glitch NYT [HONG KONG] The Bush administration has been pressuring the Chinese government for years to allow its currency, which is pegged to the dollar, to trade moreNYT; AFP - 1,078 words
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Article, Illustration518 2005-05-02 11 TRADE WARRIORS NYT [WASHINGTON] Republican Congressman Rob Portman, who has promised to take a stricter approach to China at his confirmation hearings, was sworn in as the new US Trade Representative last Friday following the Senate's approval of his nomination earlierNYT; AFP - 518 words
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Article, Illustration322 2005-05-02 11 Only two candidates are in the running now Reuters [GENEVA] France's Pascal Lamy strengthened his bid to take over as head of the World Trade Organisation (WTO) on Friday when he emerged a clear first in the latest round of soundingsReuters; AFP - 322 words
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464 2005-05-02 11 World may even be in the midst of a speculative oil bubble that could burst quite suddenly AFP [LONDON] Oil prices are sky-high with profits to match but there might be shocking changes for the industry in the future, according to a survey. TheAFP - 464 words
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270 2005-05-02 11 Reuters [BEIJING] China yesterday named a senior official, and fluent French speaker, to lead negotiations to resolve trade disputes Beijing fears could crimp its dynamic export sector. Trade ties with the European Union (EU) and the United States have been strained in recentReuters - 270 words
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Page 11 Advertisements
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Advertisement178 2005-05-02 11 HIH Cifl tol-fret 1800 289 8822 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF FIGURELINE SOLUZIONE (SINGAPORE) PTE LTD (In Members' Voluntary Liquidation) NOTICE OF CTWAI MFFTINf. NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Cap. 50 that a Final178 words
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MALAYSIA/INDONESIA
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335 2005-05-02 12 Bursa chief says they have sought a listing as a means of raising capital [PUTRAJAYA] Bursa Malaysia Bhd expects more biotechnology companies to seek listing on the Mesdaq market as a means to raise capital, The Star reported, citing its chief executive officer. CEO Yusli335 words
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Article, Illustration593 2005-05-02 12 S JAYASANKARAN - MALAYSIA INSIGHT Danaharta largely succeeded in its task of clearing up the banking system S JAYASANKARAN KL Correspondent Malaysia does some things right and one such righteous agency is Pengurusan Danaharta Nasional. An asset management agency, Danaharta was created through legislative fiat in593 words
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124 2005-05-02 12 [KUALA LUMPUR] Using Penang as a model in water resources management, the Malaysian government wants the remaining water supply departments in seven states to be corporatised and eventually listed on Bursa Malaysia Bhd, says a report in Malaysia's Business Times. The seven124 words
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222 2005-05-02 12 Reuters [JAKARTA] Indonesian consumer price inflation is expected to have eased in the year through April from a 27-month high reached in March when fuel prices rose sharply, a Reuters poll showed on Friday. South-east Asia's largest economy is also forecast to report a tradeReuters - 222 words
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187 2005-05-02 12 [KUALA LUMPUR] The Malaysian Employees Provident Fund (EPF) is conducting due diligence on several privately-held companies as it seeks to boost its private equity investments, according to a report in Malaysia's Business Times. The paper said on Saturday that two of187 words
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Page 12 Advertisements
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Advertisement142 2005-05-02 12 .11 <»•'••• Jji I*," 1' 'l >. BfiV*' n 1 'V 1 V. ,J <'• 1 <- f v. v r v t > 'v. ;V. v. Vivian Tang made 5.6k on Wednesday 27th April, in only 21 minutes 28 seconds. i J v How did she achieve this? She142 words
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GREATER CHINA/INDIA
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765 2005-05-02 13 ASHOK KUMAR - Inefficiency in supply chains presents opportunity for organised players By ASHOK KUMAR in Mumbai IT HAS been a decade and a half since the Indian economy embarked on an ambitious economic liberalisation programme under the leadership of the late prime minister Narasimha Rao. Over the765 words
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Article, Illustration457 2005-05-02 13 Reuters [HONG KONG] Foreign retailers jostling to expand fast in China will increasingly look to buy local shopping chains because prime property is becoming scarce and expensive, according to property consultants CB Richard Ellis. But the likes of French hypermarket operator Carrefour, US giant Wal-MartReuters; ST - 457 words
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408 2005-05-02 13 [NEW DELHI] By placing economics at the core of their growing bilateral relations, Japanese Prime Minister Junichiro Koizumi's three-day visit to India will trigger a second wave of Japanese investments into India, the Economic Times reported experts as saying. The warming408 words
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NOTE BOOK
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49 2005-05-02 13 AP [BEIJING] Chinese computer maker Lenovo said yesterday it has completed its US$l.75 billion purchase of IBM's personal computer division, creating the world's third-largest PC maker. The deal is expected to quadruple sales of Lenovo Group Ltd, already Asia's biggest computer maker. —APAP - 49 words
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64 2005-05-02 13 AP [KUALA LUMPUR] Personal bankruptcies in Malaysia have risen 32 per cent in three years, the government said, highlighting a trend of poor financial planning. The number of people who filed for bankruptcy increased to 16,251 last year compared to 12,311 in 2001, Deputy FinanceAP - 64 words
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69 2005-05-02 13 Reuters [SINGAPORE] The Nasdaq Stock Market Inc, the second-largest US bourse by capitalisation, expects as many as 20 Chinese companies to list their shares with it this year, the head of its Asian business said on Friday. Nasdaq is one of aReuters - 69 words
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67 2005-05-02 13 Reuters [SHANGHAI] Top Chinese steel maker Baoshan Iron and Steel Co Ltd disappointed on Saturday with its slowest earnings rise in three quarters, despite high steel prices outweighing soaring costs. Baosteel posted a 20-per cent rise in first quarter net profit toReuters - 67 words
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304 2005-05-02 13 Bloomberg [MUMBAI] ICICI Bank Ltd. India's second-biggest lender in which Singapore investment company Temasek Holdings has a close to 10 per cent stake, said fiscal fourth-quarter profit rose 35 per cent as it boosted lending to consumers in the nation ofBloomberg - 304 words
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Page 13 Advertisements
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Advertisement313 2005-05-02 13 1 1 I )inci-s C lul> C.irJ <»4U»«)«)SO Where to wine, dine and entertain... sis rfti 51 a^p Pooiside, level 4, above Tanglin Mel. Reservations recommended.lei: 6831 4373. Wine Breatheasy® removes the guesswork as to how long to breathe each type and vintage of wine. The immediate action of the313 words
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Advertisement139 2005-05-02 13 ~P\, Mother's Day High Tea Buffet 5515.00 nett per adult m B| Phed Vegetarian Beehoon ■3 MeeSiam mm Shanghai Dumplings BDeep Fried Fish Balls Prawn Paste Beancurd Rolls M Steamed Crystal Dumpings U Chefs Salad T&ppings I Sayoh Lodeh Bubor Cha H Mini Curry Puff Assorted Pastries Cakes Jh» I139 words
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ASIA-PACIFIC/WORLD
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447 2005-05-02 14 Betting chain says 2,200 units a possibility Bloomberg [LONDON] Hilton Group, owner of the UK's Ladbrokes betting-shop chain, may open as many as 200 outlets to maintain its lead over William Hill, chief executive David Michels said. Ladbrokes' rival bookmaker William Hill isBloomberg - 447 words
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419 2005-05-02 14 Reuters [NEW YORK] After 157 years as a private partnership, Lazard is set to go public next week with a complex deal that could raise US$2 billion but also scare small investors. Bruce Wasserstein, the veteran dealmaker who heads Lazard, has put togetherReuters - 419 words
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Article, Illustration392 2005-05-02 14 AFP [WASHINGTON] US First Lady Laura Bush cracked risque jokes and ribbed her husband and his family at the White House Correspondents' Association dinner late on Saturday. President George W Bush began to recount a joke at the annual event,AFP; REUTERS - 392 words
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476 2005-05-02 14 Practice may not have affected profit and loss statements NYT [NEW YORKJ Senior and mid-level managers, at the American International Group (AIG) routinely inflated sales figures in recent years by recording some insurance premiums before clients had formally agreed to buy the policies, accordingNYT - 476 words
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Article, Illustration45 2005-05-02 14 [HONG KONG] Activists man dummies flashing victory signs during a May Day rally here yesterday. Activists marched through the streets demanding the government establish a minimum wage for the 10% of the wealthy city's workforce that earns less than US$3 an hour. AFPAFP - 45 words
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334 2005-05-02 14 Bloomberg [MANILA] Philippine President Gloria Arroyo has ordered regional wage boards to increase the basic pay of workers this month, as labour groups are demanding it be raised by half to cope with higher living costs, including fuel prices. "The wage boards shouldBloomberg - 334 words
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317 2005-05-02 14 AP [SYDNEY] Rene Rivkin, the flamboyant millionaire stockbroker who fell from grace after being convicted of insider trading in 2003, was found dead in his elderly mother's home here yesterday. He was 61. Mr Rivkin was born in Shanghai and migrated to Australia with hisAP - 317 words
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229 2005-05-02 14 Reuters [NEW YORK] US Internet advertising surged 33 per cent last year to a record US$9.6 billion, surpassing levels seen during the early Web boom, and will grow at a similar rate this year, according to data released last Thursday. The figures bolsterReuters - 229 words
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Page 14 Advertisements
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Advertisement20 2005-05-02 14 nrn^n Lianhe Zaobao Insurers I Ito give J I higher^R W yfefflL I I bonus I payouts I mm.&mmmimm I20 words
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WORLD
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Article, Illustration819 2005-05-02 15 CHRISTOPHER REED - LIGHT REED US House Republican majority leader Tom DeLay is in hot water over free travel and other funding lapses CHRISTOPHER REED POLITICAL scandals in London are mostly about sex, but those in Washington usually feature money (Bill Clinton was a dishonourable exception). The present819 words
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Article, Illustration582 2005-05-02 15 But it maintains US$21b stake, sees Q1 profit rise Reuters AP [OMAHA, Nebraska] Warren Buffett's Berkshire Hathaway lost US$3lO million in the first quarter from betting against the US dollar, but has nevertheless maintained its roughly US$2l billion stake against the greenback, theReuters; AP - 582 words
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Page 15 Advertisements
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Advertisement173 2005-05-02 15 ESQ Leaders TalH Question: Which Singapore company has businesses in Azerbaijan, Brazil, Bulgaria, China, Kazakhstan, the Netherlands, Norway, the Philippines, the the United Arab Emirates and the USA? Answer. Keppei Offshore Marine the world's No. 1 designer and builder fIT of offshore rigs. It is also a leading yard for173 words
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Page 15 Miscellaneous
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Miscellaneous197 2005-05-02 15 CRYPTIC CROSSWORD ble-entry system and avoided liquidation (5,3) with note to mother (5) Across: 1 Scapegoat, 9 Warbler, 3 Getting better sort of home 15 Casting is one of his jobs in 10 Madeira, 11 Envious, 12 Spat(l2) the studio (8) tered, 14 Cydades, 15 Prance, 17 4 He presses197 words
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AVIATION
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Article, Illustration525 2005-05-02 16 Britain and Canada advise travellers to avoid it as they feel runway is unsafe Reuters [TEHERAN] Iran opened its new main international airport on Saturday, despite warnings from at least two countries that the runway may be unsafe. The Imam Khomeini InternationalReuters; REUTERS - 525 words
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Article397 2005-05-02 16 AIRLINE CODES: AA: American Airlines (AAL), AF: Air France (AFR), AI: Air India (AK), AY: Finnair Oy (FIN), AZ: Alitalia Airlines (AZA), BA: British Airways Public Ltd Co (BAW), BG: Biman Bangladesh Airlines (BBC), BI: Royal Brunei Airlines Sdn Bhd (RBA), BO: Bouraq Airlines (BOU), BR:397 words
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Article, Illustration369 2005-05-02 16 Bloomberg [CHICAGO] A US pension agency would get as much as US$l.5 billion in securities from United Airlines and preserve its bankruptcy claim under an agreement to take over the carrier's four major employee retirement plans. The Pension Benefit Guaranty CorpBloomberg; BLOOMBERG FILE PHOTO - 369 words
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443 2005-05-02 16 State carriers need help to upgrade service standards [HONG KONG] US information technology firm Unisys Corp said it sees expanding opportunities in China's airline industry as state-run carriers try to improve service standards to better compete with foreign rivals. The overall product443 words
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247 2005-05-02 16 Bloomberg [SHANGHAI] Shanghai International Airport Co, which owns two of China's biggest air terminals, said profit rose 14 per cent in the first quarter as travel and freight demand increased. Net income climbed to 327.4 million yuan (5564.8 million), or 0.17 yuan a share,Bloomberg - 247 words
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200 2005-05-02 16 Bloomberg [DALLAS] US Airways Group Inc, which is considering a merger with America West Airlines that would allow it to emerge from bankruptcy, said its firstquarter loss widened to US$l9l million on increased spending for fuel and lower fares. The loss ofBloomberg - 200 words
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SHIPPING
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345 2005-05-02 17 Abdullah asks ports to improve management capabilities Bernama I PORT KI.ANGI Malaysia will support plans to develop its ports in a move to turn the country into a shipping hub. but ports needed to improve their management capabilities, said Prime Minister Abdullah Ahmad Badawi.Bernama - 345 words
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142 2005-05-02 17 (SINGAPORE! Representatives of a shipping industry body. the Baltic and International Maritime Conference (Bimco), have met top European Commission (EC) officials in Brussels in an attempt to establish a close dialogue with the European group. They met EC vice-president and commissioner for transport Jacques142 words
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Article, Illustration306 2005-05-02 17 DONALD URQUHART - By DONALD URQUHART (SINCiAPOREI The Panama Canal Authority (ACP) will begin final assembly of six new locomotives this month, part of an order of 34 units from Mitsubishi Corp as the authority moves ahead with its modernisation programme. Part of a multi-yearAP - 306 words
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198 2005-05-02 17 Reuters WASHINGTON) Shanghai, the world's third-busiest container port, has joined a US cargo security programme aimed at protecting global shipping from terrorist attacks, US Customs and Border Protection said last week. China's Shenzhen port, the fourth most active in the world, is alsoReuters - 198 words
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Article345 2005-05-02 17 SGX '000 Apr 29 SS ♦I• Vol CM Offshore 0 35 0 01 83 Chuan Hup 0.72 unch 950 Cosco Corporation 1 74 -0.01 2962 CWT Distribution 0 62 unch 0 EzraHldgs 128 unch 0 Freight Links 0 08 unch 6 Grand Banks Yacht 0 96 -0 01345 words
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136 2005-05-02 17 AFP UACiOSI Nigeria has shortlisted 54 prospective investors for a stake in its Lagos Tin Can Island port, the privatisation agency said. The Bureau for Public Enterprises said in a statement by its spokesman Joe Anichebe that those selected will undergo "data room"AFP - 136 words
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779 2005-05-02 17 SELVA KUMAR - ADMIRALTY CASEBOOK By SELVA KUMAR THE UK Marine Accidents Investigation Branch (MAIB) has called on the International Chamber of Shipping to remind owners and managers of vessels with portable bulkheads (walls) of the need for improved safety when moving the bulkheads. The recommendations are779 words
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Page 17 Advertisements
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Advertisement31 2005-05-02 17 i get a Leading Edge K Your sailing schedules get wider attention in The Business Times shipping pages a Call Joe Wong at 63 1 9-2062 or Bernard Ong at 6319-164531 words
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Article9358 2005-05-02 18 STRAITS TIMES INDEX STOCKS Stock name Wt Close Change Stock name Wt Close Chang* Stock nam* Wt Oo»* Chang* Allgreen 50c 0.31 1.180 Haw Par Corp 0.47 5.200 -0.100 SPH20c 4.97 4.360 -0.020 Ascendasreit 1.00 1.980 -0.020 Hyflux5c 0.38 3 400 -0 060 STEngglOc 1.83 2.480 -0.010 BIL9,358 words
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Article3193 2005-05-02 19 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local chit In S$ la USS dy %yr %dy yr dy Syr Ape 29 Index Change Change Change Change Change Change Work) Index Preliminary 825.5 0.0 -3.2 -0.6 -4.4 0.1 -4.6 »EAFE Preliminary 768.3 0.1 -0.6 -0.4 -3.3 0.3 -3.5 Europe Preliminary3,193 words
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Advertisement2145 2005-05-02 20 1 TO USA/CANADA I I EXPORT I 1 OTHER DESTINATIONS I [VESSEL VOY PRC |eTAS<n|IONGIEACH|DALLAS|HOUSTON|ME)BPWS |CHtCAGO|NEW YORK TO AUSTRALIA (AUSTRALIA ASIA EXPRESS) 00(1 HAMBURG 11E18 03/05 04/05 20/05 26/05 27/05 25/05 25/05 28/05 ygja VOY ETA SIM |KG ST~| 55"! SYD~I ME AM OOCI HANJIN 02E19 10/D5 11/05 I 27/052,145 words
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Advertisement852 2005-05-02 20 ItNTHASIA WOttO SERVKE vßsa/voY mwroo) hbghiww m kh to j sn jkt STRAITS EXPRESS 3* 30 4.25 23/04 25/04 27/04 STRAITS VENTURE OT/OS 15 3.2 22/04 01/05 03/05 05/05 STRAITS VENTURE 0/05 15 3.2 07/05 10/05 I AUSTRALIAN KOftO SiKVtCi I vßsa/voT mifgD hbghtwi ui sw iKi m STB ma852 words
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Advertisement1221 2005-05-02 21 M<X Combines a range of shipping modes to ensure timet/, reliable services covering major ports in Norm America, Europe, Japan, Asia, Africa 1 Oceania. Al* A «rft Ada f,awMec |JM MM MCip mra-ASN MvfOtf TO BUSAN KWANGYANG SHANGHAI YANTIAN XIAMEN QMGMO BELAWAN JAKARTA SURABAYA KAOHSnJMG BANGKOK UHICHAIAHC wXHUMIW PASW 6UMHO1,221 words
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Advertisement834 2005-05-02 21 WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICD POINTS VESSEL VOY SIH PJOANG COLOMBO N. SHIVA COLOMBO RAJIV GANDHI QO92W 26 APR 27 AW 30 AW 03 MAY 06 MAY ■AY bridge BE o?may 03 way 04 may DIM 12 MAT PAfIFIC QUEST 0006W 09MAY IQMAY834 words
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Advertisement732 2005-05-02 22 IAUf WALLENIUS WILHELMSEN website: btlp://www.2wglobol.(om VESSEL VOY RAMP HEIGHT SIM IK MAO HOU* Ml* SAV »A 1 OWE NYC ~NEW MO» TAMPERE ALSI2 400 Tom 6.3 M 02/05 06/06 09/06 11/06 15/06 13/06 17/07 TAMPA AfSII 4201NS 6.4 M 06/05 30/05 09/06 13/06 17/06 15/06 19/06 TARAGO Afsl2 320T0m 6.4732 words
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Advertisement1266 2005-05-02 22 VESSEL VOY SIN PGU JffSSB *QI iM JD p., tkMnk ZTJZ /M PACMARASSAR iUi 21ISA 32/84 PAC lAMDA I4gg 29/04 *9/04 >*r «ti i 01 /OS 04/05 CSf 2301 0113P 29/04 30/04 nctmut S2SZ Q3AS MM. PAC RANDA 1459H 30/04 01/05 CSF 2301 0114P PACIANDA 1460N 01/05 02/05 YKSft M1,266 words
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Advertisement600 2005-05-02 22 BSA x MYANMA n FIVE STAR LINE (Myanmor National Um) Loading for Yangon VESSEL VOY SIN PKL PEN PGU PAGAN 341W SU> HPA-AN 337W SID IN MALAYSIA: ROUSTEAD SHIPPING AGENCIES KUL/PKL 03-*****388 PEN: 04-*****1S ACCEPTING CONVENTIONAL CGO VESSEL VOY HKG SIN PGU PM KUC MARINE EJWIEM 17 SID SLD SID600 words
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Advertisement751 2005-05-02 23 I Guaranteed Sailing! I Service from Singapore to: I Los Angeles I 14 days transit. Mwi Thurs cut-off I MUR SHIPPING INDIAN OCEAN ISIANDS/SOUTH AFRICA vessel twu kk mm igm s* k *TS reunion dm a rt a VOYAGER V 032 SdUd SdM SdU SdM SaM 10/ OS 11/0$ 24/05751 words
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Advertisement773 2005-05-02 23 A FREIGHT LINKS EXPRESS PTE LTD 51 Penjuru Road, 3 Level, Freight Links Express Logisticentre, Singapore *****3. Tel: *****511 Fax: *****577 E-mail: flesin@singnet.com.sg Website:http://www.freightlinks.net LCL SERVICE TO CHINA ASIA CEBU DALIAN HONG KONG JAKARTA QINGDAO SHANGHAI SURABAYA XINGANG XIAMEN BEST LCL RATES TO gpMgSfE AARHAUS ASHDOD BEIRUT BUENOS AIRES K2f183773 words
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Advertisement314 2005-05-02 23 liner breokbulk tefvite S.I. M»o/USA vke v»f»o SPECIALISE IN HEAVY LIFTS A PROJECT CARGO YfWOttftffl/i Dirtwin ■V MDUSTtUI CBtTWT 09/05 l«| oMtk/sN*ta* Vinll^.. •tor parts an tnfacamat StCATPItf PMiafci MV MWSTIUI OUUfGO 25/05 ft I, A«w. Til it mi. iMllMh/StatoMVaoMh. Hhimk. Odar pmH m tafccaaaat. Othtn port* in USA, Maxico,314 words
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Advertisement642 2005-05-02 23 279!^wo^irii^^inr^^ ■PINJfI TIGER SEA 280N 04-07/05 13 15/05 20 2 /05 1 ■M&U&IS TIGER SKY 281N 10-11/05 17-19/05 24 25/05 TIGER WAVE 282N 14 14/05 20 22/05 27 28/05 I ■■■■■TIGERPEARL 283N 17 18/05 24 26/05 31-01/06 1 TIGER SEA 284N 20 21/05 27 29/05 03-04/06 2niMl ■mMnMITIGER SPIRIT 103642 words
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THE BUSINESS TIMES SHIPPING TIMES
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7335 2005-05-02 24 ETA ETA Advwttor VmmI Voyage Tetaphon. HA ITA Advertiser Veuel Voyy T^P<»« SIN Dtft'n Hum Name Number Number SIN Deft n Nam* Name Number Number 12/05 01/06 China Shpg AGIAIA 205IS *****898 To ABIDJAN (ABJ) 2003 Cote O'lvoire 13/05 wot, Mm golden gate bridge7,335 words
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BizIT
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Article, Illustration701 2005-05-02 25 RAJU CHELLAM - Even SMEs are starting to adopt blades due to small footprints that allow many to be combined in racks By RAJU CHELLAM MANY large companies and government organisations in mature markets such as Singapore are choosing thin, rack-mounted "blade servers" over largeSource: IDC Asia/Pacific - 701 words
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Article, Illustration456 2005-05-02 25 ROLAND LIM - By ROLAND LIM in Kuala Lumpur FINNISH mobile phone giant Nokia has invaded the high-end market for 3G phones with the launch of a new product range that includes the company's first phone with a 4 gigabyte hard disk drive, and the first456 words
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338 2005-05-02 25 Reuters [SAN FRANCISCO] HewlettPackard Co cut jobs in its lucrative printing and imaging business this month in order to boost profits amid falling printer prices, a source said on Friday. HP, the biggest maker of computer printers and the No 2 personalReuters - 338 words
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<what's up>
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Article, Illustration81 2005-05-02 25 02 has released its XDA Ili personal digital assistant phone which features a speedy 520 Mhz Intel XScale processor, and is based on Microsoft's Windows Mobile 2003 Second Edition operating system. The XDA Hi looks similar to the XDA 11, which sold81 words
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Article126 2005-05-02 25 HP has released its HP dx 5150 Business PC, which is available with AMD's latest range of processors, from the Sempron 3000+ processor to the high-end Athlon 64 4000+ processor. It comes with support for Microsoft Windows XP x 64 Edition to take full advantage126 words
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96 2005-05-02 25 MCAFEE Desktop Firewall 8.5, software security firm McAfee's latest version of its intrusion protection software, allows advanced remote user management for enhanced network security. Network administrators can verify network information such as the MAC address, which is a unique serial number of any96 words
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100 2005-05-02 25 HOMEGROWN software developer agis Pte Ltd has developed a street directory for mobile phones that also offers real-time location services. The Navfone software, which is compatible only with mobile phones using the Symbian operating system, allows the user to find out his or her100 words
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Article, Illustration119 2005-05-02 25 CANON has released the new Selphy CP-600 portable photo printer, its first portable photo printer featuring its DIGIC II image processor, which helps it print a credit card size photo in 34 seconds. It also features wireless infrared connectivity and is Pictßridge compatible; this119 words
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98 2005-05-02 25 FUJI Xerox Printers has launched the DocuPrint C 2535 A, a single-pass A 4 colour laser printer that can print up to 35 pages per minute in monochrome, and 25 pages per minute in colour. Single-pass colour laser printers are able to print98 words
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128 2005-05-02 25 PHILIPS has released two new digital video hard disk DVD recorders that allow recordings of up to 130 hours in DVD quality. Both the HDRW72O and the DVDRS2OH have 80GB of hard disk storage and can also copy recordings from their hard disks onto128 words
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49 2005-05-02 25 ROLAND LIM - Compiled by ROLAND LIM WITH reference to an article carried in BizlTon March 28,2005, Microsoft has clarified that while pricing and licensing terms for Microsoft Visual Studio 2005 have been released, the product will only be available in the second half of the year.49 words
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Article, Illustration995 2005-05-02 26 AMIT ROY CHOUDHURY - BT exclusive There will likely be a host of alliances pooling their capabilities to bid for the tender, reports AMIT ROY CHOUDHURY AMIT ROY CHOUDHURY THE local infocomm technology (ICT) industry is buzzing with anticipation and more than a few questions over the government's announcement995 words
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Article, Illustration855 2005-05-02 26 AMIT ROY CHOUDHURY - By AMIT ROY CHOUDHURY THE first reactions of infocomm technology (ICT) players in Singapore to the Standard ICT Operating Environment (SOE) initiative announced by the Infocomm Development Authority (IDA) last Thursday have ranged from effusive praise to cautious welcome. Cisco System managing director855 words
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Advertisement43 2005-05-02 25 INTERNATIONAL BUSINESS TECHNOLOGISTS CONNECTING YOUR WORKPLACE ICT Security m Infrastructure Integration Services M Network Desktop Outsourcing H I Application Integration Management Microsoft S GOLD CERTIFIED 10 Hoe Chiang Road, #05-06/08 Keppel Towers, Singapore *****5 Tel: +65 6890 2828 Fax:+6s 6890 2888 sales.singapore@getfonics.com www.getronics.com43 words
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Advertisement68 2005-05-02 26 O fntentfa the intelligent choice Feeling boxed in, struggling to maintain a profitable position in the supply chain? Elntentia's distribution solution can help you optimize your operation and make it a strategic channel for products and services. Intentia Asia Pacific Pte Ltd 8 Cross Street #12-05/06 PWC Building M'W f68 words
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Advertisement24 2005-05-02 26 Researcher Gartner says server blades were the fastest-growing segment in the global server market, which last year crossed US$4O billion in sales. PG 2524 words
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