The Business Times, 10 August 2005

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Microfilm: NL26351
Total Pages: 24
1 24 The Business Times
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  • TOP STORIES
    • Article
      Lock icon Be open about your past, PM advises Kuan
      581 2  -  Presidential hopeful has to persuade elections panel and Singaporeans By ALEXANDRA HO [SINGAPORE] Presidential hopeful Andrew Kuan has been offered some advice from the Prime Minister: be open about your past so voters can make an informed judgement about who to cast
      581 words
    • Article, Illustration
      Lock icon Showdown for Rafidah in Cabinet meeting today
      501 2  -  PM Abdullah wants 'a lot of clarification' on her ministry's handling of Approved Permits By S JAYASANKARAN in Kuala Lumpur RAFIDAH Aziz is due to face her fellow Malaysian Cabinet members today in what could be a make-or-break encounter for the beleaguered minister
      AFP  -  501 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      537 2 Tokyo markets unfazed by snap polls decision TOKYO financial markets yesterday shrugged off Monday's dramatic decision by Prime Minister Junichiro Koizumi to call a snap election in the wake of the defeat of his postal privatisation plan in the Upper House of Parliament. Investors appeared to be buoyed
      537 words
    • Article
      Lock icon MARKETS DIGEST
      104 2 MARKETS TtMsday Change KLSE COMP 944.94 -3.08 NIKKEI 225 11,900.32 +121.34 HANG SENG 15.047J4 41.10 SET INDEX 681.54 -4.78 JAKARTACOMP 1,162.80 +4.21 MANILA COMP 1,***** f15.1 SEOUL COMP 1.099.77 +13.13 SHENZHEN B 238.56 -033 BOMBAY IND 7.595.57 -10.60 At 12 noon EST Change DOW 10.609.69 +72.76 NASDAQ 2,176.14
      104 words
    • Article, Illustration
      Lock icon Tokyo markets unfazed by snap polls decision
      499 3  -  They expect Koizumi to return to power with stronger mandate for reforms Bv ANTHONY ROWLEY in Tokyo TOKYO financial markets yesterday shrugged off Monday's dramatic decision by Prime Minister Junichiro Koizumi to call a snap election in the wake of the defeat of
      REUTERS  -  499 words
    • Article, Illustration
      Lock icon S'pore Open, Forbes strike unified event deal from 2006
      712 3  -  By VEN SREENIVASAN [SINGAPORE] Asia's version of the "Davos summit" meets its richest golf event right here in Singapore. That has been the vision driving Singapore Open 2005 Organising Committee chairman Graham Bell as he oversees the lead-up to the US$2-million
      712 words
  • Page 2 Advertisements
    • Advertisement
      Lock icon Page 2 Advertisements Column 1
      329 2 _T° advertise call toll-free 1800 289 8822 Email: notices@sph.com.sg In The Matter Q) The Companies Act, Cap. 50, Section 291 (1) and In The Matter Of BRADY'S (SINGAPORE) PTE. LIMITED Reg. No. *****0176G STATUTORY DECLARATION BY DIRECTORS OF COMPANY'S INABILITY TO CONTINUE BUSINESS BY REASON OF ITS LIABILITIES The Registrar
      329 words
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      Lock icon Page 2 Advertisements Column 2
      455 2 SAfF SNF CORPORATION LTD. (Incorporated in the Republic of Singapore on 18 February 2004) (Registration Number: *****1072R) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the Shareholders of the Company will be held at 150 Kampong Ampat, #06-01 KA Centre, Singapore *****4 on
      455 words
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      Lock icon Page 2 Advertisements Column 3
      334 2 In the Matter of the Companies Act, Cap. 50 And In the Matter of NUNOTANI NAUTICAL INSTRUMENTS SINGAPORE CO. PTE. LTD. (Incorporated in the Republic of Singapore Company No: ********** Statutory Declaration by Directors of Company's Inability to Continue Business by Reason of Its Liabilities I, RYOTARO KOBAYASHI of 1-3-9
      334 words
    • Advertisement
      Lock icon Page 2 Advertisements Column 4
      287 2 SINGAPORE REINSURANCE CORPORATION LIMITED (Company Registration No. *****0016 C) SUMMARY ANNOUNCEMENT OF UNAUDITED RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2005 GhOUP (I) Kay Unaudited Financial Figures Incr/ 2005 2004 (deer) SS'OOO Ss'ooo Profit Loss Items Revenue 40,472 48,035 (15.7) Underwriting Profit 1,232 78 nm Investment Income 8,661 8,442
      287 words
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  • Page 3 Advertisements
    • Advertisement
      Lock icon Page 3 Advertisements Column 1
      693 3 ReSSSEwS££s^>s&f^% '''<'-<'-■ #~^'ir- «Li>\ v i jftjfer 7 Fly high in First or Business at these low prices. For a limited time, we're offering special deals on First and Business class travel to the U.S. It's your chance to catch an exceptional flight at exceptional savings. Best of all, unlike
      693 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Ho Bee closing in on Sentosa's Paradise
      491 4  -  Price expected to be $65m; the firm can develop 33 bungalows on site By KALPANA RASHIWALA HO BEE group could soon get its hands on a fourth site in Sentosa Cove. According to sources, the company is nearing a deal to buy Paradise
      491 words
    • Article
      Lock icon OCBC expected to post higher insurance gains
      535 4  -  By SIOW LI SEN OCBC Bank, the last of the three local banks to report second quarter 2005 earnings, is likely to show better operating profits from insurance and its Malaysian business when it releases the figures today. Rising interest rates fuelled by
      535 words
    • Article, Illustration
      Lock icon THE BIG APPLE INVADED BY TIGERS AND CRABS
      73 4 [NEW YORK] Besides chilled lager from Tiger Beer and fiery chilli crab, the estimated 5,000 people against 4,000 at a similar event last year— tucked into beef rendang, deep-fried wontons and satay, while being entertained by live music and games. The half-day
      73 words
    • Article
      Lock icon Hyflux going with the flow
      747 4  -  HOCK LOCK SIEW By JOYCE KOH A BIT of Hyflux's lustre seems to have rubbed off of late. Despite announcing a three-fold rise in its first half earnings recently, Singapore's best known water treatment company has been given a lukewarm appraisal by several analysts who
      747 words
    • Article
      Lock icon UOL tie-up set to bag site for novel project
      363 5  -  Tie-up's $107m offer for one-north project features unique concept By KALPANA RASHIWALA A JOINT venture between United Overseas Land, Kheng Leong and Low Keng Huat is expected to be awarded a site for a novel condo concept at JTC Corp's one-north
      363 words
    • Article, Illustration
      Lock icon Lifebrandz upbeat about lifestyle business
      604 5  -  By UMA SHANKARI ON THE surface, Main-board-listed Lifebrandz's venture into the entertainment arena seems like a drastic change in direction. However, Clement Lee, the 35-year-old executive director of the company best known for selling slimming pills and skin supplement tablets, insists that the company is
      604 words
  • Page 4 Advertisements
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      Lock icon Page 4 Advertisements Column 1
      1011 4 Call toll-free 1800 289 8822 In the Mooter of The Companies Act, Cap.so And In the Matter of OPTIBUILT PTE LTD (In Members' Voluntary Liquidation) (Co. Reg. No. *****7015Z) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap. 50, the Final
      1,011 words
    • Advertisement
      Lock icon Page 4 Advertisements Column 2
      29 4 Find the most comprehensive range [fjCx of products and services in The Straits Times Classified. pfcTotTl I Lianhe Zaobao I in Singapore I I again I I sift I
      29 words
    • Advertisement
      Lock icon Page 4 Advertisements Column 3
      45 4 cm < u 4-> rP HND THE ONES TIW FIT! C> 0 H V> J Recruit the right people through The Straits Times Recruit. S w— v Call 1800 289 8822 or email to advertise. 1 >cn fiXVBRm O G r*i t-s lag«aw p- "Is Lh
      45 words
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  • Page 5 Advertisements
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      Lock icon Page 5 Advertisements Column 1
      63 5 h-> rr jo u i jO C Q LqJ u p Cor ~>ci .H 3f«dhieohesV^H PIS THATFTII Recruit the right people j j through The Straits Timesßecrait» J Call 1800 289 8822 or email I I recruit@sph.com.sg yv) l "-J to advertise, i t Wci U o if ussm r
      63 words
    • Advertisement
      Lock icon Page 5 Advertisements Column 2
      133 5 We are honoured to receive Euromoneys recognition of our leadership in private banking. It testifies to our commitment to clients and excellence in wealth management. We look forward to continue being the trusted partner of our clients in Singapore as they think about future generations. To have your own dialogue
      133 words
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  • PROFILE
    • Article, Illustration
      Lock icon The outsider
      1916 6  -  Conventions maestro Sheldon Adelson made his Las Vegas Sands a huge success in an unconventional way. Keen on building an integrated resort in Singapore now, he says satisfying the 'expectation of entertainment' is the way to go. VIKRAM KHANNA reports VIKRAM KHANNA AMONG the casino moguls of Las
      ARTHUR LEE  -  1,916 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Singapore turns 40 with a bang – in five places
      452 7  - Singapore turns 40 with a bang in five places NATIONAL DAY PARADE 2005 105.000 celebrate at Padang, Marina South, Jurong East, Yishun, Tampines By ALEXANDRA HO LIFE begins at 40, they say and Singapore definitely showed no signs of slowing down even as it hit middle age, going by last
      PHOTOS BY CHEW SENG KIM, EDWIN KHOO AND BRYAN VAN DER BEEK/ST  -  452 words
    • Article
      Lock icon CB Richard Ellis confident of Habitat II collective sale
      429 7  -  By KALPANA RASHIWALA A PRIME freehold residential site at Ardmore Park has come on the market the launch of a collective sale for Habitat 11. The official asking price is $93 million, which works out to $788 per square foot of
      429 words
  • Page 7 Advertisements
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      Lock icon Page 7 Advertisements Column 1
      89 7 Diners Club Card 0980 I Pllllim Bu: A World of Exclusive Privileges Treats Diners Club Wml WBml MERITUS MAN PARI N SINGAPORE Taste 111 I favourites Dry Red Curry 11 1 Prawns and Kaffir Leaf JHE! BnliiMMfJM 111 J (Panaeng Kung), Baked Curry Rice with mL/V /<x^ S N, Chinese
      89 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Singapore faces export crunch: ADB
      543 8  -  Bank forecasts city state's economic growth at 3.7% f sharply lower than 2004's 8.4% By ANTHONY ROWLEY in Tokyo SINGAPORE is likely to be among those East Asian economies hardest hit by a deteriorating environment for the region's exports this year, the Asian Development Bank
      BLOOMBERG; Source: ARK Indicators  -  543 words
    • Article, Illustration
      Lock icon Automobile sales to prop up US economic growth: survey
      311 8 Bloomberg [WASHINGTON] Surging automobile sales will contribute to faster US economic growth for the rest of the year, causing interest rates to rise and the jobless rate to fall, according to a survey of 66 economists. The world's largest economy will
      Bloomberg; AFP  -  311 words
    • Article
      Lock icon US lawmakers press China again
      426 8 Bloomberg Reuters [WASHINGTON] US lawmakers are renewing their efforts to impose sanctions on Chinese imports, arguing that China's currency revaluation last month its first in a decade doesn't go far enough. "They are going to have to show much more than they have if we
      Bloomberg; Reuters  -  426 words
    • Article
      Lock icon US seeking ways to energise Doha Round of trade talks
      357 8 AP [WASHINGTON] The Bush administration, bolstered by a hard-fought trade victory, is now looking for ways to give a boost to stalled global trade talks, Treasury Secretary John Snow said on Monday. Mr Snow said that when President George Bush
      AP  -  357 words
    • Article, Illustration
      Lock icon Japan central bank holds monetary policy steady
      500 8 Reforms to continue despite elections: S&P AP, Bloomberg [TOKYO] Japan's central bank held monetary policy steady yesterday, judging it necessary to get the nation on a clearly sustainable recovery amid renewed worries about the economy after the prime minister called snap elections. Standard
      AP,; Bloomberg; AFP  -  500 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon RHB Capital still headless with Sulaiman in the cold
      800 9  -  Another director disallowed as market reads signals given by central bank on RHB decisions By S JAYASANKARAN in Kuala Lumpur THE rejection of Sulaiman Taib's application to remain chairman of RHB Capital by Malaysia's central bank has thrown up an unprecedented
      BLOOMBERG  -  800 words
    • Article
      Lock icon Malaysia's reserves boosted by ringgit un-pegging
      533 9  -  By PAULINE NG in Kuala Lumpur international reserves swelled in the last two weeks of July by US$3.5 billion to US$7B.7 billion, with two-thirds of the inflows or some US$2.3 billion occurring on the day following the un-pegging of the ringgit from the dollar.
      533 words
    • Article
      Lock icon BURSA MALAYSIA
      2393 9 VOl General Corp .0.43 unch 97 Aug 8 RM *1- COOP) Genting MM -0.30 361 George Kent .0.61 -0.02 85 A M Realty 1.44 unch 6 GHL Systems .0.21 -0.01 606 Abric .0.38 -0.0V 41 Globetronics Tech .0.40 -0.01 818 ACP Industries .0.71 -0.01 85 GlomacBhd 1.53 -0.08
      2,393 words
    • Article
      Lock icon India, Indonesia explore deal to boost trade to US$10b
      243 9 AFP [NEW DELHI] India and Indonesia are exploring the possibility of an accord that would boost bilateral trade threefold to US$lO billion by 2010, visiting Indonesian Trade Minister Marie Elka Pangestu said on Monday. "We have decided to set up a
      AFP  -  243 words
    • Article
      Lock icon Indon mobile operator to sell 20% stake in IPO
      202 9 Bloomberg [JAKARTA] PT Excelcomindo Pratama, Indonesia's third-biggest cellular operator, plans to sell a 20 per cent stake in an initial public offering this year to fund expansion. Excelcomindo plans to sell 1.43 billion shares and to list them on the Jakarta
      Bloomberg  -  202 words
    • Article
      Lock icon Indon banks offer freebies to lure deposits
      468 9 Bloomberg [JAKARTA) Rachmat Fajri, owner of Indonesian cotton fibre company PT Wirahutama Famindo, wanted a new mobile phone. So he opened an account with PT Bank Mega and the lender gave him one for free. "I couldn't resist," said Mr Fajri, 32, who
      Bloomberg  -  468 words
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon Indian bourse party
      969 10 NEWS ANALYSIS It's in full swing now —but there are a few potential spoilers, says Ashok Kumar T- Hh ongoing bull run on the Indian bourses has left even the most optimistic investors dumbfounded. To get a holistic view, one must go back to May 17 last
      Photo: Reuters  -  969 words
    • Article, Illustration
      Lock icon Demand for gold in China to lift prices
      545 10 Incomes in urban areas rose 9.5% in first half of 2005 Bloomberg [BEIJING] Gold prices may reach US$725 an ounce by 2010 from the current level of about US$435 and China may overtake India as the world's largest consumer of gold jewellery,
      Bloomberg; Source: Bloomberg  -  545 words
    • Article
      Lock icon Break-even for Stanchart's China consumer bank
      319 10 Bloomberg [HONG KONG] Standard Chartered pic, which makes two-thirds of its income in Asia, said its China consumer bank will break even in 2005, two years after opening. Standard Chartered, which reported first-half profit rose 28 per cent to US$97l million on Monday, has
      Bloomberg  -  319 words
    • Article
      Lock icon Chunghwa Telecom privatisation panned
      291 10 Protesting workers attempt to disrupt telco service AP [TAIPEI] Employees of Taiwan's largest telecommunications company made thousands of phone calls and sent massive numbers of text messages yesterday to protest government plans to move towards privatising the company. The protest was aimed at disrupting service at
      AP  -  291 words
    • Article, Illustration
      Lock icon China to allow only one LNG terminal per province
      253 10 [BEIJINGI China has stepped in to establish order in the country's nascent liquefied natural gas (LNG) market, ordering that only one LNG import terminal can be built in each province, the South China Morning Post reported an informed source as saying.
      REUTERS  -  253 words
    • Article
      Lock icon Mine managers run away after accident
      401 10 Bloomberg [BEIJING] The number of miners trapped in a flooded coal shaft in China may be more than reported because investigators are having difficulty getting information after many of the pit's managers disappeared, an official said. China's official Xinhua News Agency reported on Monday
      Bloomberg  -  401 words
    • Article
      Lock icon China central bank to open office in Shanghai
      175 10 AP [SHANGHAI] China's central bank plans to launch a major office in Shanghai today, the government says, a move implicitly acknowledging the city's growing importance as a financial centre. The centre will be in the same building that houses the People's Bank
      AP  -  175 words
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  • WORLD
    • Article, Illustration
      Lock icon Oil eases after topping US$64
      639 11 Terrorist strike threat in Saudi Arabia, US refinery fire add to concerns Bloomberg [NEW YORK] Crude oil fell from a record U5564.27 a barrel earlier yesterday in New York on speculation a threat to the US embassy in Saudi Arabia will have little effect on
      Bloomberg  -  639 words
    • Article
      Lock icon Criminal gangs distort UK trade figures
      289 11 Bloomberg [LONDON] The British government last month uncovered a systematic attempt by criminal gangs to defraud the tax system, which distorted trade statistics for June, May and April. The statistics office said it had detected sudden large shifts in exports of goods such as
      Bloomberg  -  289 words
    • Article
      Lock icon Productivity growth, labour costs gain slow in Q2
      397 11 LATEST US ECONOMIC INDICATORS Reuters. AP. Bloomberg [WASHINGTON] US business productivity in the second quarter rose at the slowest pace since last summer, but an easing in the pace of compensation gains kept labour costs in check, the Labor Department reported yesterday.
      Reuters.; AP.; Bloomberg  -  397 words
    • Article
      Lock icon Mittal, shunned by analysts, may post lower Q2 earnings
      357 11 Bloomberg [MUMBAI] Imagine if an industry leader such as General Electric Co or Exxon Mobil Corp reported quarterly earnings, and no one paid attention. This is the case with Mittal Steel Co, the world's largest steelmaker. The Rotterdam, Nether-lands-based company controlled
      Bloomberg  -  357 words
    • Article, Illustration
      Lock icon Wal-Mart faces tough questions in case
      517 11 LAT-WP [SAN FRANCISCO] WalMart Stores Inc ran into hostile questioning on Monday from judges deciding whether the nation's biggest employer must face the country's biggest lawsuit claiming men were favoured on the job. Two of three judges on a federal appeals panel grilled the
      LAT-WP; BLOOMBERG  -  517 words
    • Article
      Lock icon Maytag shares soar as Whirlpool raises bid to US$1.6b
      564 11 Whirlpool says deal would be approved by US regulators Reuters [ATLANTA] Whirlpool Corp on Monday raised its takeover bid for Maytag Corp by US$2 a share to US$l.6 billion, making a binding offer to acquire its smaller rival for US$2O a
      Reuters  -  564 words
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  • AVIATION
    • Article, Illustration
      Lock icon Jetstar marks Kolkata flight launch with SME conference
      445 12  -  Budget carrier to fly leaders of at least 20 Singapore SMEs for India event By VEN SREENIVASAN [SINGAPORE] It may be an unusual way to mark an inaugural flight, especially if you are a budget carrier, but Singapore-based Jetstar Asia is organising
      FILE PHOTO  -  445 words
    • Article
      Lock icon Fraport's Q2 profit rises 12% to 45.1m euros
      436 12 More passengers, lower costs boost airport operator's figures Bloomberg [FRANKFURT] Fraport AG, Europe's No 2 airport operator, said second-quarter profit rose 12 per cent as more travellers used Frankfurt Airport and the company cut costs. Net income increased to 45.1 million euros
      Bloomberg  -  436 words
    • Article
      Lock icon M'sia Air to decide on single-aisle fleet replacement next month
      202 12 AP [KUALA LUMPUR] Malaysia Airline is expected to decide next month on whether to pick the Boeing 737-800 or Airbus 320 to replace its current fleet of single-aisle planes, a senior executive said yesterday. Any deal to replace the airline's
      AP  -  202 words
    • Article
      Lock icon Embraer set to close more China jet sales
      493 12 Reuters [SHANGHAI] Brazil's Empresa Brasileira de Aeronautica (Embraer), the world's fourth-largest maker of commercial aircraft, is close to selling five more regional jets to China Eastern Airlines at a list price of US$lOO million in total. Though that order is tiny compared
      Reuters  -  493 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      1867 12 90 RIQIT IT* FU8WT IIP C[p|||t||||| sgas, Q530 SK972 21SS SftHS |s 1425 figj l|g Djnwin AF8087 .85C A0788; 22'5 owi iBo «*Hii sS *>m«Jabad 5Q443 06 30 gg MffM 0840 Amsterdam 0620 1250 ™082 09<% SQ348 0100 Danpasar tall ***** 1145 $0142 0935 Auckland EK433
      1,867 words
  • Page 12 Advertisements
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      Lock icon Page 12 Advertisements Column 1
      178 12 BT Deal of the Week 0 Exclusive Business Class Airfares with ZUJI l^k liS JU^^B3BBBSaSOi Mj 1 kS m «!l AIRFARE HOTEL WEATHER Hong Kong $2,810 j 2 nights free j<% Cathay Racific Mandarin Oriental Rairt Exclusive to BT. Buy the Cathay Pacific business class fare and get 2 nights
      178 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Lock icon Page 12 Miscellaneous Column 1
      198 12 CRYPTIC CROSSWORD retirement place' (7) jjj threw _LJ—. 22 Old garden viewed one Sunis wooden (I) down 1 1 Ideal place to observe a tug 12 Locker-holders make critical YESTERDAY'S SOLUTION calls (3-5) Across: 1 Insomniacs, 6 Dais, 10 2 Cinerama display not open to 14 Humour an engineer by
      198 words
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  • SHIPPING
    • Article
      Lock icon A whole new cruising experience coming soon
      440 13  -  Aussie cruise seller ties up with Zuji to offer 500 global cruise packages By DONALD URQUHART [SINGAPORE] A new partnership between online travel agency Zuji Singapore and Australian-based cruise wholesaler CruiseAgents aims to offer 500 global cruise packages to local consumers by yearend.
      440 words
    • Article, Illustration
      Lock icon Seattle draws cruise ships after Sept 11
      909 13 Americans wary of foreign travel line up for Alaska and Hawaii cruises Bloomberg f [SEATTLE] WITH the saw-toothed Olympic Mountains as a backdrop, the Norwegian Star disgorged 2,000 passengers from its 15 decks onto Seattle's Pier 66. The vessel's stop was among a
      Bloomberg; BLOOMBERG  -  909 words
    • PORT SHOTS
      • Article
        Lock icon Petrovietnam to buy new Aframax vessel
        132 13 Reuters [HANOI] State oil monopoly Petrovietnam is to buy a new Aframax vessel as it seeks to expand its tiny fleet to reduce freight costs for its crude oil exports, Vietnam state media reported on Monday. The oil firm signed a deal with a
        Reuters  -  132 words
      • Article
        Lock icon Regional Container's Q2 profit up 83%
        77 13 Bloomberg [BANGKOK] Regional Container Line pel, Thailand's third-largest shipping company by market value, reported profit rose 83 per cent in the second quarter on higher freight income. Net income rose to 1.36 billion baht(Sss4.7 million), or 2.05 baht a share, in the three months
        Bloomberg  -  77 words
    • Article
      Lock icon TRANSPORT STOCKS
      293 13 SGX '000 AugS S$ W- Vol CH Offshore X).42 0.01 ***** ChuanHup .0.93 0.01 4682 Cosco Corporation 2.57 0.02 4831 CWT Distribution 0.68 0.01 84 Ezra Hldgs 151 0.02 1503 Freight Links 0.08 unch 229 Grand Banks Yacht 0.96 unch 0 Java Holdings 1.19 0.01 775 K1 Venture
      293 words
    • Article
      Lock icon Why are insurers picking on the Malacca Strait?
      890 13  -  STRAIT TALK By DAVID HUGHES THE recent decision by Londonbased insurers to charge vessels higher premiums for transiting the Malacca Strait because of a perceived higher than average risk of a terrorist attack raises some interesting questions. One is: Where in the
      890 words
    • Article
      Lock icon P&O deal to boost AP Moeller's sales
      261 13 Bloomberg [LONDON] AP MoellerMaersk A/S, the world's biggest shipping company, said its purchase of Royal P&O Nedlloyd NV, will increase sales by 45 billion Danish kroner (5512.3 billion). The company's shares rose to a record. The 2.3 billion-euro (554.7 billion) transaction, completed yesterday,
      Bloomberg  -  261 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon Encouraging North Korean nuclear talks
      517 14 EDITORIAL THE six-party talks to persuade North Korea to scrap its nuclear weapons programme has gone as well as could be expected, despite the fact that the parties have decided to take a three-week break to consult their governments. Fears are being expressed that this
      517 words
    • Article, Illustration
      Lock icon Japan snap polls may see rural to urban power shift
      808 14  -  THE BOTTOM LINE ANTHONY ROWLEY Tokyo Correspondent WHETHER viewed as a capricious gesture or masterful gambit, Japanese Prime Minister Junichiro Koizumi's decision to call an election in the wake of the defeat of his postal privatisation scheme has opened up
      808 words
    • Article, Illustration
      Lock icon World Bank must keep lending to China
      925 14  -  To get corporate deals, the US should boost the bank's ability to help China's financial reform ANDY MUKHERJEE Bloomberg CHINESE company CNOOC Ltd's aborted bid for Unocal Corp has so upset some US lawmakers, they're asking why the World Bank continues to lend
      Bloomberg; REUTERS; AFP  -  925 words
    • Article, Illustration
      Lock icon Why Europe must embrace reform
      846 15  -  The bloc requires a vision of how to merge the requirements of a globalised and dynamic world with social accomplishments By MICHAEL HEISE IHT/NYT UNCERTAINTY about Europe's future has been growing. The French rejection of the European Constitution in late May was followed only a
      IHT/NYT; BLOOMBERG  -  846 words
    • Article, Illustration
      Lock icon Job creation isn't what it used, to be in the US
      782 15  -  CAROLINE BAUM Bloomberg DURING the long 1980s and 1990s business expansions, the first Friday of the month was a time for fireworks. It was not unusual on that day for the US Labor Department to report job growth of
      Bloomberg  -  782 words
    • Article, Illustration
      Lock icon Return of inflation in Asia creates dilemma
      841 15  -  By VIDYA RANGANATHAN Reuters FOR the first time since the Asian financial crisis, inflation is haunting Asian policy makers, forcing some to reluctantly raise interest rates evg® as their economies cope with a soft patch. Core inflation in many parts of Asia is
      Reuters; REUTERS  -  841 words
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  • Article
    Lock icon FINANCE & COMMODITIES
    6429 16 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In tool our ta SS OSS %dy yr dy yt *<* *y Aug8 Inden Change Chany Cringe Cruny; Gungii World (ndoi Prelinnnaiy 90' 6 02 S.8 03 32 0 4 2.0 »EAH Preliminary 851.9 0.4 10.3 0J> 28 07 1,6 Europe Preliminary *****
    6,429 words
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  • Page 17 Advertisements
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      Lock icon Page 17 Advertisements Column 1
      1308 17 v t NYK GROUP SOUTH ASIA PTE LTD \T»—V Acm nr Wf TEL:6295 0123 XV JL JmLINE K&spjgj m >9 Xm LINE Fax:*****Bs6(Regonalsates)/6239 7109(OPS)/6299 5785(Documentation) V NIPPON YUSEN KAISHA TOKYO SKMMKU KASHA, UO. (C/RNO: **********0E) <&k SENATOR LINES A^?*olld^"whDr Ltd £?JJT*****13?" 2750 I k I hT^^ST^ Anson Houn SfiQQpore *****1
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      Lock icon Page 17 Advertisements Column 2
      870 17 INTIRASIA RORO SERVICE Vtssa/VOT MMUKT) HBGHT(M) PKG KCM 13 I s 1 JCT STIAIIS VENTUREI4/05 IS 3.7 05/08 11/01 14/08 16/08 STMITCVENTUKf 17/05 IS 3.2 18/08 21/08 25/08 28/08 30/08 STRAITS ffllME 18/05 IS 3.2 01 AH 04/OT 08/ M 11/ M 13/W [AUSTRALIAN RORO SERVICE 1 vKsa/vor murom hbghtw
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      1206 18 www.hamburgsud.tom H ause savta (export) ju JB SINGAPORE IRISMNE SYDNEY MEUOURNE AMUIOC SINGAPORE IRISMNE SYDNEY MEUOURNE AMUUOt AFKICA STA« 502S 12/08 27/08 24/08 27/08 30/ M SCOTIA 021S OT/W H/09 21/W 24/09 27/W CAIYUW HE Ot2S 19/08 29/08 31/08 03/OT 06/09 CAI TDK HCO43S It/09 2t/09 28/09 01/10 04/10 CAMEIH6ASI4S
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      886 18 m WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICQ POINTS VESSEL VOT SIN P.KIAHC COLOMIO N.SHEVA COLOMAO mmSL MI2LJUL JUL LLM 18JUL 2j_JUL fACIFIt QUEST JlflflfflLJOll ILIUI 22J111 ttJIU 2LUII m FtKWIRA IQKQ6Z. iiilll 2LIUI 2LIIII BIJIIG MM INDIRA GANDHI 009SW 01 AUG 02 AUG OS
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      6 19 m m m K4TT »jij irJj
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  • THE BUSINESS TIMES SHIPPING TIMES
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      Lock icon THE BUSINESS TIMES SHIPPING GUIDE EXPORT
      9232 20 ETA HA AdvtrtiMr VmmI Voyag. Tataphona "A ETA Adverts VmmI Voyage T «jg>g* SIN Dctfn Nam* Nmm Number Number SIN Dasfn Nmm Nam# Number Number t- To AUCKLAND (AKL) 2031 New Zealand TO ABIDJAN (ABJ) 2003 Cote D'lvoire Q4/09 TASMAN TASMAN CHALLENGER *****2 *****288
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      508 20 Guaranteed Sailing! I Service from Singapore to: I Los Angeles Keelumr I 14 days transit. Mon A Thurs cut-off I MARIME PTE LTD BOOKING: *****375/716 MAINLINE: *****866 FAX: *****066 ORR CODE "DZ" CR NO **********0Z MARKETING SALES: KELVIN CHUA: *****836, MELINA LEE: *****187 PTIOANQ STOM YANOONs MP rPOM -KUCWNO VESSEL
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      532 20 FREIGHT LINKS EXPRESS PTE LTD 51 Penjuru Road, 3rd Level, Freight Links Express Logisticentre, Singapore *****3 ATTRACTIVE RATES TO: J. ALEXANDRIA GENOA KEELUNO KAOHSIUNO e U HAVRE MALTA MAHE MARSEILLE ijEPfcL KlJjtH! CERU DALIAN HONG KONG JAKARTA GMNGDAO SHANGHAI SURABAYA Mr H XINGANG XIAMEN Zfl Booking lloHhii, t *****694/5506/5535/5541 /5553/5561
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  • MOTORING
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      417 22  -  Vendor says HK customer that used its Ecomat saw fuel bill shaved by 8% Reports by SAMUEL EE GERMAN automotive supplier ZF Group could possibly save SBS Transit as much as 8 per cent of its fuel bill or $6 million if the bus company
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      381 22 Parts supplier follows carmakers into new markets THE ZF Group's Asia-Pacif-ic sales will grow by 18-20 per cent in the next few years, said ZF South-east Asia president FX er, and this is due to increased efforts in penetrating the Asian market, as well as
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      391 22 Claimants average 30 a day, cash claims at $1,500 ABOUT 20 per cent of motorists making an insurance claim with NTUC Income accept a cash settlement instead of actual repairs. This works out to an average of 30 claimants a day, says
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  • EXECUTIVE MONEY
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      Lock icon Tackling the practical realities of tax treaties
      936 23  -  YOU THE TAXMAN By ANG SIEW LIAN, WILLIAM CHUA By ERNST YOUNG BUSINESSES engaged in cross-border transactions need to understand the intricacies of tax treaties in order to manage their international tax costs. Most businesses expect to benefit from and be protected by
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      Lock icon Strategist favours equities
      550 23  -  They're more attractive than property and bonds, Deutsche Bank expert tells GENEVIEVE CUA GENEVIEVE CUA Equities look attractive relative to most asset classes, like property and fixed income, and they are expected to rally through to the end of the year, says Deutsche Bank private wealth management
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      1042 24  -  Survey reveals 75% of unit trust managers favouring cap to partly alleviate the profitability problem, reports GENEVIEVE CUA GENEVIEVE CUA FUND management firms are often accused of high fees and poor performance, but a study has found that a majority of unit trust managers
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      1396 24  -  MONEY MATTERS Easier credit now could lead home buyers up mistaken path, of taking on a loan that is less than prudent WONG SUI JAU THE recent changes in property rules have prompted many Singaporeans to relook their property buying options.
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