The Business Times, 11 August 2005

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Microfilm: NL26351
Total Pages: 32
1 32 The Business Times
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  • Title Section
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    15 1 THE BUSINESS TIMES SINGAPORE 85 cents online at http://business-times.asial.com.sg MICA (P) 089/03/2005 Thursday, August 11,2005
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  • Article, Illustration
    Lock icon Robust Q2 growth sparks upbeat mood
    907 1  -  Q2 growth momentum fastest in 7 quarters By ANNA TEO [SINGAPORE] Economic sentiment has turned around sharply, following a stellar second quarter and with all indicators pointing to better prospects in the second half. Upbeat as the Ministry of Trade Industry (MTI) is, shrugging
    907 words
  • Article, Illustration
    Lock icon OCBC disappoints with 1 % profit rise
    1113 1  - OCBC disappoints with 1 profit rise By SIOW LI SEN [SINGAPORE] OCBC Bank has posted a second-quar-ter net profit of $304.1 million, a 1.4 per cent rise that is below analysts' expectations. Its performance was helped by its insurance and Indonesian acquisitions but offset by increasing expenses. Bloomberg's survey of
    ARTHUR LEE  -  1,113 words
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      38 1 Ex-PacNet chief takes over as SCS president PG26 BT ONLINE Access to BT Online is free after 6pm each day. But print subscribers can access our online news anytime. Call 6388-3838 to subscribe and activate your online account.
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      16 1 PROPERTY Sentosa Cove may sell Treasure Island land piecemeal PG3I 8 Markets Digest on Pg 2
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      39 1 B| FED RATE RISE f W&ll St heaves «sigh of relief ,PG4 SGX INVESTING Are you ready for more derivative products? pgs 1 Wk JBft 111 If 11 I I 11 a. I JK^HH ;:1 3j |f|v; :.5^ -S3i
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  • TOP STORIES
    • Article
      Lock icon Broad-based growth gives extra kick to economy
      597 2  -  Contraction slows even in long-suffering construction sector By NANDE KHIN [SINGAPORE] Faster growth in nearly all sectors was at the heart of the improved performance of the Singapore economy in the second quarter, with the biomedical output rebounding from its contraction in Ql.
      597 words
    • Article
      Lock icon MARKETS DIGEST
      139 2 sn 2.***** (-9.72) ST INDEX FUTURES 2325.00 (-10.00) siMsa 277.92 (-1.94) SIMSa FUTURES 276.50 (-1.80) MARKETS Wednesday Change KLSECOMP 939.<8 -5.46 NIKKEI 225 12.098.08 +197.76 HANG SENG 15,346.41 +298.57 SET INDEX 684.59 +3J5 JAKARTA COMP 1,176.84 +14.04 MANILA COMP 2,010.41 +20.41 SEOUL COMP 1.104.86 +5.09 SHENZHEN B 236.45
      139 words
    • Article
      Lock icon Rafidah survives Cabinet cliffhanger
      604 2  -  PM supports her, but says AP policy will be reviewed By S JAYASANKARAN in Kuala Lumpur MAIJWSIA's embattled International Trade and Industry Minister Rafidah Aziz survived a tense Cabinet meeting yesterday on her ministry's supervision of car import licences known as Approved Permits or APs. The
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    • Article
      Lock icon Clarification
      49 2 IN our National Day Special section of Aug 9, we did not give the full designation of Michael Tan of Millennium Copthorne Hotels. Mr Tan, who retired from Singapore Airlines last year as its senior executive vicepresident (commercial), is currently executive vicepresident (chairman's office) of Millennium Copthorne Hotels.
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    • Article
      Lock icon THREE-MINUTE DIGEST
      626 2 Fed's interest rate stance cheers market US stock traders were in a bullish mood yesterday, following the latest interest-rate increase which demonstrated economic optimism by the Federal Reserve. On Tuesday, it had been business as usual for the the central bank's policymaking committee, and for Wall Street that
      626 words
    • Article
      Lock icon Fed's interest rate stance cheers market
      752 4  -  Rates up quarter point but pace of increases not expected to pick up By ANDREW MARKS in New York US stock traders were in bullish mood yesterday, following the latest interestrate increase which demonstrated economic optimism by the Federal Reserve, the country's central bank.
      752 words
    • Article, Illustration
      Lock icon China reveals currency basket content but not weightage
      572 4 Sing dollar among currencies that yuan is pegged to Reuters, Bloomberg [SHANGHAI] China's new reference currency basket is dominated by the US dollar, euro, Japanese yen and Korean won, the central bank said yesterday disclosing the contents for the first time since
      Reuters,; Bloomberg  -  572 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      5119 4 UNIT TRUSTS FUNDS Citi Pan-Europe Equity Find 1.27/ CltiSelect Asia™ Balanced 1.41/ >".uu .1 CltiSelect Asa Tilt Growth 1-38/ ?!z t c mo r^r.^ f „«•>, CitiSetect Asia Tit Enh Gflh 131/ Star E jope Eqty 082 citiSetect Global Growth 1.14/ n* Cm Global Healthcare Fund 0.97/ iS CitJ Gt)
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      277 2 M kiy Latin Asia Biz 2005 T? Brld 9'ng Partnerships 200 5 7-8 September 2005 Meritus Mandarift-RoteL Singapore Wednesday, 7 September 2005 Keynote Addresses Bridging partnerships: Exploring links between Latin America and Asia Workl Bank Is there a market for my product? Reaching out to mass consumers in Latin America
      277 words
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      17 2 I I L The Straits Times Recruit The first door to your world of opportunities nnsnns < u
      17 words
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      158 3 j|^j^ sSj^jjraßßß|BKßjfiHKßß|r|SBS|^^ Sri Lanka is a bustling new hub for international business opportunities. Sustaining these strong business opportunities is important. Which is how NCSI (Lanka) can help. With offices in 18 locations in 10 countries, governments and industries from around the region are already relying on our services every day.
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      69 5 J3wfa|i--j :^M <tßfcfek' |t 'a ;^*r r-'r-fiFT ■j iv^' Bb SI i7l I* I iPlfe I s -41 ifgfi lliiSflfc v flj Bf fgyy I IE nil II to i fl h I.- »-V '"Ilf^^tMßt^ffl^^iS^if|^lT''lSfV'*^ i^'*w^" 111 '--^i WINNER 1 Effective interest rate is 4.25% p.a. (as of 19th July
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Bank launches 'discount certificate' warrants
      477 5  -  FOCUS ON STRUCTURED WARRANTS New instrument from DB starts with Cosco, Venture, DBS By TEH HOOI LING WITH the success of the traditional structured warrants, investors are ready to take on new derivative investment products, said Deutsche Bank. The bank, which introduced structured warrants to
      Source: Deutsche Bank  -  477 words
    • Article
      Lock icon Towards a more complete market with derivatives
      539 5  -  HOCK LOCK SIEW By TEH HOOI LING SINGAPORE'S sophisticated investors quickly cottoned on to the complexities of structured warrants so there is to be something just as intricate for them to get their heads around: discount certificates. Since their launch two years ago,
      539 words
    • Article
      Lock icon Pearl shares touch high on Thai oilfield success
      415 5  -  By RONNIE LIM SHARES of exploration and production (E&P) company Pearl Energy hit a high of $2 yesterday morning on news that it had found more commercially viable reserves at two wells in the Jasmine oilfield in the Gulf of Thailand. Pearl
      415 words
    • Article
      Lock icon Labroy Marine, Chuan Hup post sterling results
      709 6  -  FINANCIAL RESULTS They join peers that have benefited from offshore service demand By VEN SREENIVASAN TWO more listed marine players have reported stellar results, thanks to strong offshore services demand. Labroy Marine posted a 58.5 per cent jump in firsthalf earnings to $27.5
      709 words
    • OTHER RESULTS
      • Article
        Lock icon HPL Q2 net shrinks to $1.7 m after Dec tsunami
        76 6 HOTEL Properties was badly affected by the tsunami last December. The hotel and property group, controlled by Ong Beng Seng, yesterday registered a sharp fall in net profit to $1.7 million in the second quarter ended June 30 from $6.2
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      • Article
        Lock icon OUE profit buoyed by hotel, office income
        92 6 OVERSEAS Union Enterprise saw a spike in net profit to $37.7 million in the second quarter ended June, from $20.3 million in the same period last year due to better contributions from its stable of hotels. Sales rose 11 per cent to $34
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      • Article
        Lock icon BreadTalk posts interim profit of $493,000
        71 6 FOOD beverage chain BreadTalk reported a net profit of $493,000 for the six months ended June 30. 2005, reversing a net loss of $155,000 incurred 1n the same period last year. This was achieved on the back of an 87 per cent growth in
        71 words
      • Article
        Lock icon Full Apex posts dip in net profit to 46.8m yuan
        86 6 FULL Apex, a China-based packaging specialist, announced a net profit of 46.8 million yuan (S$9.5 million) for the second quarter of 2005, a drop of 4 per cent from the previous corresponding period. Turnover increased 11 per cent to 237.7
        86 words
      • Article
        Lock icon GP Batteries' Q1 net profit dives 69% to $3.9m
        50 6 GP BATTERIES announced yesterday that net profit for the first quarter ended June 30,2005 was $3.9 million, down 69 per cent from $12.5 million for the previous corresponding period. Turnover for the period was$217.1 million, down marginally by 1 per cent.
        50 words
      • Article
        Lock icon Hotung Investment's net loss for Q2 widens
        74 6 HOTUNG Investment Holdings posted net losses of NT$333.2 million (S$l 7.3 million) for the second quarter of this year, up from losses of NTS94.3 million for the previous corresponding period. Group revenue also fell by 64 per cent to NTS59.4 million. The group
        74 words
      • Article
        Lock icon MegaChem's profit down 46% to $1.1 mforHl
        42 6 MEGACHEM, a specialty chemical solutions provider, yesterday reported a net profit of 1.1 million for the first half 0f2005, down 46 per cent year-on-year from $2 million. Revenue fell 12 per cent to $30.1 million.
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      • Article
        Lock icon Shanghai Asia net slips 12% to 20.7 m yuan
        102 6 SHANGHAI Asia's second-quarter net profit has fallen 12 per cent to 20.7 million yuan as revenue dipped 14 per cent to 69.9 million yuan. The company said the decline was due to lower sales of premium-brand cigarettes in China in the
        102 words
    • Article, Illustration
      Lock icon Parkway looking at healthcare Reit proposals
      314 6  -  By RACHEL LIN PARKWAY Holdings is looking into a possible healthcare Reit to securitise its real estate properties. Managing director Lim Cheok Peng said the group is looking at two or three proposals received, but expects to more to come in. "We're waiting for
      CHRIS LOH  -  314 words
    • Article
      Lock icon Jurong Tech Q2 net surges 66%
      225 6  -  By RACHEL LIN ELECTRONICS manufacturer Jurong Technologies Industrial Corporation recorded a 69 per cent year-on-year rise in secondquarter revenue to $433 million, thanks to strong customer demand for the company's wireless and hard disk drive (HDD) products. Net profit for the three months ended
      225 words
    • Article, Illustration
      Lock icon Loss of monopoly won't hit CAO
      531 9  -  New jet fuel joint venture seen protecting interests of Chinese firms By JOYCE KOH MARKET watchers yesterday insisted that China Aviation Oil Holding Co's (CAOHC) loss of monopoly to supply jet fuel to Chinese airports will not hit the business of its troubled Sin-gapore-listed
      AFP  -  531 words
    • Article
      Lock icon CapitaLand's shares fall on Temasek placement
      580 9  -  By JOYCE KOH CAPITALAND'S share price fell yesterday after Temasek Holdings disclosed it had placed out 200 million shares at a lower-than-ex-pected price of $2.90 each. Market watchers expect shares of the property giant to weaken further due to a possible overhang in the
      580 words
    • COMPANY BRIEFS
      • Article
        Lock icon Yellow Pages to deliver phone books
        81 9 YFIXOW Pages will be distributing the Singapore Phone Book to 120,000 businesses or almost 100 per cent of all businesses on the island at no extra charge this month. The Singapore Phone Book consists of the White Pages Business Listings and Residential Listings, the
        81 words
      • Article
        Lock icon OCBC units to buy Straits Lion stake
        61 9 OCBC Bank said wholly owned subsidiary Orient Holdings, and Great Eastern Holdings, will buy the 15.1 per cent stake in Straits Lion Asset Management owned by The Straits Trading Company. Orient Holdings and Great Eastern Holdings will pay $71.78 cash per share for
        61 words
      • Article
        Lock icon Yongnam bags its biggest contract ever
        63 9 YONGNAM Holdings has won a $47 million contract its single-biggest ever from Shimizu Corporation. The job is to supply, install and test the structural steelwork of two buildings at One-North. Yongnam also said that profit for the first half of the year fell 66
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      • Article
        Lock icon China Entertainment in capital reduction
        37 9 CHINA Entertainment Sports has proposed a capital-reduction exercise, which will cut its paid-up capital to $5.4 million from $27.13 million. This writes off $20.4 million of accumulated losses as at March 31,2005.
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      • Article
        Lock icon First Link slapped with repayment demand
        73 9 FIRSTIJNK Investments Corp has received a letter of demand from DB Zwirn Special Opportunities Fund. It said the letter refers to US$4 million convertible bonds and US$5.3 million non-convertible bonds issued pursuant to a subscription agreement dated Oct 6,2004. First Link said DB Zwirn
        73 words
      • Article
        Lock icon Australand ups size of securities trust
        49 9 AUSTRAI AND Property Group has increased the size of its Australand subordinated step-up exchangeable Trust securities (Assets) to $275 million from $250 million, citing strong demand. The Assets distribution rate for the period to Dec 31,2005 will be at least 7.93 per cent.
        49 words
      • Article
        Lock icon Sun Business Network in HK investment
        68 9 SESDAQ-LISTED Sun Business Network will invest in a Hong Kong software company. Compass Multi-Media, togetlWr with related parties. Its subsidiary, The Observer Star Global Publishing Holdings, will pay HK$45O (Ss9B) cash for 450 Compass Multi-Media shares, representing a 15 per cent stake. The unit
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      38 6 RimOWA THE LUGGAGE WITH THE GROOVES Made in Germany I Rimowa Boutique 420 Orchard Road, #01-06, Delfi Orchard, Singapore *****6 Also at: Metro Department Store Level 4 Paragon Centre. The Luggage Shop #03-42 Hotel Meritus Mandarin Singapore contactus@pinnacledistributors.com.sg
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      234 6 Islamic Banking and Finance: Exploring the Development Principles and Instruments A two-day educational seminar designed to answer the following question: How can the financial sector in Singapore access a US$5OO billion capital market that is growing rapidly? Bconaucteci.bvi,expe rtsTwho arepTractitione r BankingJandfSharT 7^ L^awTfo^mo^^ha n' 2 m collaboration ConventiorTcentre>,Singapore Date:
      234 words
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      199 6 CdllrfHw I860 JW 8822 PBm. IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF NG AH KIM DEVELOPMENT PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) (COMPANY NO.: *****0660K) NOTICE OF FINAL MEETING Notice is hereby given pursuant to Section 308 of the Companies Act, Cap. 50,
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      26 7 fpBC Tel: (65) 6224 8181 Bfcßi CB Richard Ellis (Pte) Ud 6 Battery Road #32-01 Singapore *****9 CB RICHARD ELLIS Fax: (65) 6225 1987 Website: www.cbre.com.sg
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon STI ends down despite GDP report
      545 8  -  STOCKS Reports suggest prices may more than reflect the fundamentals TEH HOOI LING Senior Correspondent SINGAPORE stocks ended lower yesterday, the fourth fall in the past five trading days. This despite the government's announcement that the economy expanded by 4 per cent in the
      Source: Bloomberg  -  545 words
    • TRADES TO WATCH
      • Article
        Lock icon Ban Leong managing director raises his stake
        399 8 BAN Leong Technologies' managing director Ronald Teng has raised his direct stake in the IT products distributor from 37.5 per cent to 37.9 per cent after an open-market purchase 0f400,000 shares yesterday at 24 cents a share. He also has a deemed stake
        399 words
      • Article
        Lock icon Major shareholder of Devotion sells shares
        98 8  -  Compiled by JEAN CHUA DEVOTION Eco-Thermal said substantial shareholder Cheng Woei Een reduced her stake in the company from 6.65 per cent to 3.72 per cent. She sold 5.118 million shares at an undisclosed price in a series of transactions on Monday. The company
        98 words
    • Article, Illustration
      Lock icon Untitled
      436 8 OTHER SINGAPORE INDICES Aug 10 VALUE CLOSE BT OB/OS -155.00 -100.00 BT CADI -*****.00 -63.00 BT 10-day MA -*****.00 -15 00 All-SG Equities 596.53 -4.32 SG Equities Elect 136.62 -0.89 SG Equities Fin 1679.91 -16.13 SG Equities Prop 653.83 -9.49 SIMSCI 277.92 -1.94 SiMSCI Futures 276.50 -1.80 MOST ACTIVE STOCKS
      436 words
    • Article, Illustration
      Lock icon BROKERS'TAKE
      953 8  -  By JOYCE KOH Great Eastern Holdings August 10 dose: $14.50 DBS VKJCERS SECURITIES. Am 10 2Q05 earnings grew better than expected. Net profit rose 11 per cent q-o-q to $101 million. It could have done Jfetter if not for the one-time adjus&nents due to revision of accounting estimates incorporated
      Source: Bloomberg  -  953 words
    • Article, Illustration
      Lock icon Baht hits 6-week high, S$ strengthens
      494 8 CURRENCIES Reuters. AFP [SINGAPORE] The Thai baht yesterday hit its strongest level against the US dollar in more than six weeks, with the return of investors to the local stock market helping it outperform other Asian currencies, which were largely steady. The Singapore dollar
      Reuters.; AFP  -  494 words
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      295 9 pp University of gjhdyde |p Leicester SttZZSirJS"^Z,?* 00 •MSc in the Management One of the largest Business Schools in Europe Of EXCCIIenCC *6ne of the 27 prestigious schools in the world to be To deal with the Quality challenges faced by triple accredited by AMBA, EQUIS and AACSB organisations in
      295 words
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      512 9 The Major Exporter Scheme (MES) provides cashflow advantage to 25 AllgUSt 2005(Thursday) businesses as it allows the suspension of GST on imports. As the next 2.00pm tO 5.30pm major wave of MES renewal is round the corner, is your business ready for the renewal exercise? What are some of the
      512 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Haze worsens in M'sia, but flights to KL continue
      675 10  -  Indonesia warns forest fires could get worse over the next two weeks By By PAULINE NG in Kuala Lumpur andCHLOECHOY in Kuala Lumpur in Singapore COME hell or haze, Singapore Airlines continues to fly into Kuala Lumpur despite the worsening conditions
      REUTERS  -  675 words
    • Article
      Lock icon Andrew Kuan undeterred by allegations
      704 10  -  He releases documents to let people 'decide for themselves' By JEAN CHUA ANDREW Kuan appears determined to continue his fight to run for president, despite a possible lawsuit and questions about his eligibility. He also insists that he did not defame a lawyer, whom he
      704 words
    • Article
      Lock icon Best Denki to invest $7m in Singapore
      446 10  -  By UMA SHANKARI IN AN effort to expand its regional presence, Japa 5 nese electrical goods giant Best Denki has earmarked $20 million for overseas expansion $7 million of it to be invested in Singapore. Of the remaining $13 million, Indonesia and Taiwan
      446 words
    • EXECUTIVE MOVES
      • Article
        Lock icon Suntec gets new senior director
        64 10 SUNTEC Singapore International Convention Exhibition Centre has appointed Pieter Idenburg as senior director of Business Operations. He worked previously with American Airlines, United Airlines, The Walt Disney Company, and most recently, British Airways, where he was a GM in charge of Airport Operations and Customer
        64 words
      • Article
        Lock icon Ace Achieve financial controller quits
        55 10 MAINBOARD-LISTED Ace Achieve Infocom Limited, a telecommunications software solutions provider, has announced the resignation of financial controller Tan Kian, from Monday. Mr Low Yan Seong, the company's chief finance officer since July, has been named to replace Mr Tan. He will also assume the responsibilities
        55 words
      • Article
        Lock icon Marotte named Hyperion VP
        42 10 SEBASTIEN Marotte is the new vice-president of Hyperion Asia-Pacific and will provide the leadership and direction for Hyperion's continuing development in all Asia-Pacific markets. Before this, Mr Marotte was the Hyperion managing director of France, Switzerland and Belgium.
        42 words
      • Article
        Lock icon Euromicrocaps name non-exec directors
        57 10 CLIVE Brown and Peter Milner have been appointed non-executive directors of pooled development fund Euromicrocaps Limited. Mr Brown was a member of parliament for 12 years from 1993 to 2005 and was director and chairman of mining company Phosphate Resources. Mr Milner founded West Data, a
        57 words
      • Article
        Lock icon Cazenove appoints corp finance head
        74 10 CAZENOVE Asia Limited has appointed Chong Jin Ong as head of corporate finance. He will focus on strengthening the firm's corporate finance transactions in South-east Asia. He will report to Karman Hsu, head of corporate finance, and May Tan, chief executive of Cazenove Asia. He
        74 words
      • Article
        Lock icon Omnicon gets regional CFO
        47 10 ALAIN Rhone, chief financial officer of TBWAXAsia Pacific, has been named chief financial officer in the region for Omnicom Group. He will report to Michael Birkin, vice-chairman Omnicon Group and CEO Omnicom Asia Pacific. Rhone's replacement at TBWA\Asia Pacific has not been announced.
        47 words
      • Article
        Lock icon New exec director for Petra Foods
        63 10 PETRA Foods has appointed Chua Koon Chek as executive director of the company. MrChua's appointment comes less than a month after he was hired as the president of the Petra Foods' branded consumer division. He will assume his seat on the board in addition
        63 words
      • Article
        Lock icon 3 new execs for Wotif.com
        48 10 WOTIF.Com, which specialises in last-minute accommodation, has appointed Rita Goh as director of communications and marketing, Selvarani Vaithilingam as business development manager, and Loke Yoon Mei as product development manager. All three executives will report to Charles Tee, chief operating officer of Wotif.com-Asia.
        48 words
  • Page 10 Advertisements
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      699 10 Call toll-free 1800 289 8822 In the mater of The Companies Act, 4 Cap 50 Aod In the motter of A J INDUSTRIAL RESOURCES PTE LTD (Company No. *****0294W) (In Members' Voluntary liquidation) At an Extraordinary General Meeting of the members of the abovenamed Company, duly convened and held at
      699 words
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      243 10 Singapore Indian Chamber of Commerce Industry Wishes Singapore a 'Very Happy 40 th National Day'! Organized By Man Sponsor m psss— DBS W™/ OF COMMERCE I—^l— .JS2L INDUSTRY SICCI DBS Singapore Indian Entrepreneur Awards 2005 The Indian Business community in Singapore has always taken great pride of its entrepreneurial spirit
      243 words
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  • FOCUS: SERVICES
    • Article, Illustration
      Lock icon From inception to completion
      1449 11 TRANSACTION ADVISORY SERVICES Ernst Young's transaction advisory services is a key service pillar. Its leaders share some insights into their work TO MOST outsiders, an accounting firm's bread-and-butter services would presumably be audit and tax work. But, in fact, what is known as transaction advisory services
      FILE PHOTO  -  1,449 words
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      916 11 -s GP Batteries International Limited (Incorporated in the Republic of Singapore) ACRA Reg. No. *****2111N Announcement of Unaudited Results For The First Quarter Ended 30 June 2005 The Board of Directors of GP Batteries International Limited is pleased to announce the unaudited results of the Group for the first quarter
      916 words
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  • ECONOMY WATCH
    • Article
      Lock icon Indonesia raises 2005 deficit forecast
      398 12 Officials say heavier fuel subsidies the reason Bloomberg [JAKARTA] Indonesia raised its 2005 budget deficit forecast to 1 per cent of gross domestic product as a result of higher fuel subsidies in the wake of surging global oil prices. It also raised its inflation target
      Bloomberg  -  398 words
    • Article, Illustration
      Lock icon Malaysia won't divulge basket of currencies
      417 12 KL refuses to follow Chinese central bank's revelation yesterday Bloomberg. Reuters [KUALA LUMPUR] Malaysia's central bank yesterday refused to take a cue from its Chinese counterpart and declined to comment on the currencies it monitors to keep the value of the ringgit stable under
      Bloomberg.; Reuters; AFP FILE PHOTO  -  417 words
    • Article
      Lock icon US industry eyes Bush-Hu meet for yuan gains
      217 12 Reuters [WASHINGTON] US manufacturers hope a meeting next month between US President George W Bush and China President Hu Jintao will spur Beijing to take more action to revalue its currency, an industry official said on Tuesday. "So faf, we have not
      Reuters  -  217 words
    • Article
      Lock icon China allows more local firms to purchase foreign exchange
      480 12 Bloomberg [BKIJING] China pressed ahead on the path towards a freely traded yuan, allowing more local companies to buy foreign exchange and trade contracts that protect against currency swings. The central bank said it will open China's interbank foreign exchange market
      Bloomberg  -  480 words
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      1390 12 Company Registration No. *****0219E wDw IDT HOLDINGS (SINGAPORE LIMITED (Incorporated in the Republic of Singapore with limited liability) IDT HOLDINGS (SINGAPORE) LIMITED is an investment holding company whose subsidiaries are engaged in the designing, engineering, manufacturing and marketing of consumer electronic products which principally feature LCD and microprocessor applications. Group
      1,390 words
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  • GREATER CHINA/INDIA
    • Article
      Lock icon Spokesman denies Singh considered resigning
      200 14 Reuters FT [NEW DELHI] Indian Prime Minister Manmohan Singh considered resigning after leftist allies blocked his reforms and he received little support from colleagues, a newspaper said yesterday, but a party spokesman dismissed the report. Quoting senior sources in the Congress Party, which heads the
      Reuters; FT  -  200 words
    • Article, Illustration
      Lock icon Taiwan completes sale of Chunghwa stake in US
      402 14 It raises US$2.56b from offloading 14% interest; share price rises 2% Reuters [TAIPEI] Taiwan's government has sold a 14 per cent stake in Chunghwa Telecom Co Ltd for US$2.56 billion in a US share offer, completing the long-de-layed privatisation of the island's
      Reuters; REUTERS  -  402 words
    • Article
      Lock icon Lenovo Q1 profit up 6% after IBM PC unit purchase
      297 14 Reuters [HONG KONG] Top Chinese personal computer maker Lenovo Group Ltd posted a 6 per cent rise in quarterly profit yesterday, topping forecasts, after including for the first time the struggling PC business bought in May from IBM. The US$l.25
      Reuters  -  297 words
    • Article
      Lock icon China heading for power glut by late 2006
      284 14 Extra 70.000MW next year will ease power cuts [BEIJING] China's frantic construction of power stations could lead to overcapacity in some areas late next year, easing regular power cuts suffered by businesses, the Financial Times reported on Tuesday, citing a senior government
      284 words
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  • ASIA-PACIFIC/WORLD
    • Article, Illustration
      Lock icon Japan's great (non) debate on postal privatisation
      881 15  -  ASIA INSIGHT ANTHONY ROWLEY Tokyo Correspondent JAPAN'S latest political crisis with "actor prime minister" Junichiro Koizumi at centre stage is good theatre, but how much substance is there behind it and what will the outcome be for the rest of Asia and the
      AP  -  881 words
    • Article, Illustration
      Lock icon Disney board off the hook but issue stays
      453 15 NYT. Bloomberg [LOS ANGELES] Directors of Walt Disney may have dodged a bullet, but battles over executive compensation and especially supersized severance agreements are here to stay. After Tuesday's Delaware Chancery Court's ruling that Disney directors did not violate duties to shareholders
      NYT.; Bloomberg  -  453 words
    • Article
      Lock icon Jetro warns firms of China over-exposure
      364 15  -  By ANTHONY ROWLEY in loKyo JAPANESE companies need to reduce their "overdependence" on China as a destination for trade and investment and cultivate other high-potential markets such as Brazil, Asean and India, says the Japan External Trade Organisation (Jetro). In its annual White Paper
      364 words
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      Lock icon BURSA MALAYSIA
      2322 15 *01 General Corp j0.43 0.01 35 W 1 W- f—I Gentmg 20.10 -0.10 474 George Kent 0.60 -0.01 85 AftMRealty 1.44 unch 6 GHL Systems *30 -0.01 976 Abric *3» 0.01 55 Globetrorwcs Ted) .0.40 unch 1659 ACP Inckjstries0 70 -0.01 77 GlomacBhd 150 -0 03 141 Advance
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    • Article
      Lock icon Peru judge orders arrest of GE's CEO
      285 15 Reuters [LIMA, Peru] General Electric Co's CEO Jeff Immelt and his predecessor, Jack Welch, have been ordered by a Peruvian judge to be arrested on fraud charges brought by a former distributor, according to court papers released on Tuesday by their accuser. Guillermo
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    • WORLD WATCH
      • Article
        Lock icon Commerzbank shares up on talk of bids
        61 15 Reuters [FRANKFURT! Investors piled into Commerzbank yesterday on rumours it was a bid target, pushing its shares up nearly 7 per cent. Talk of a bid by Santander excited punters until the Spanish bank said it had no interest. Rumours that France's BNP
        Reuters  -  61 words
      • Article
        Lock icon Motorola to repatriate US$4.4b
        40 15 Reuters [NEW YORK] Motorola Inc plans to repatriate US$4.4 billion of accumulated earnings in the third and fourth quarter this year. It expects to record a related Q3 net income tax benefit of over US$2OO million.
        Reuters  -  40 words
      • Article
        Lock icon Yahoo eyes stake in China online retailer
        68 15 Bloomberg [SAN FRANCISCO] A Yahoo executive confirmed yesterday that Yahoo! Inc is in talks to buy about 33 per cent of Alibaba.com, China's biggest online retailer, for US$l billion in stock and cash. Yahoo has offered to swap 100 per cent of its
        Bloomberg  -  68 words
      • Article
        Lock icon Charoen Pokphand Foods' H1 profit soars
        48 15 AFP (BANGKOK] First-half net profits for Thailand's Charoen Pokphand Foods (CPF) soared 12-fold year-on-year to US$97 million. Consolidated net profit for the six months ended June 30 was 4 billion baht(Ssl6l million), against 303 million baht a year ago, it said. —AFP
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      • Article
        Lock icon AIG's Q2 net income jumps 52%
        35 15 Reuters [NEW YORK] Insurer American International Group reported a 51.5 per cent jump in second quarter net income which rose to U553.99 billion from U552.65 billion a year ago.—Reuters
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  • AVIATION
    • Article, Illustration
      Lock icon Lufthansa's H1 results beat highest analyst forecasts
      534 16 Sentiment up on rising profits, traffic growth and passenger yield Reuters [FRANKFURT] Germany's Deutsche Lufthansa yesterday reported improved first-half results in all its divisions as it cut costs despite record high fuel prices. Lufthansa's core passenger airline business posted a 78 per cent
      Reuters; AP  -  534 words
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      Lock icon Cathay H1 net profit down 5.7% on high fuel costs
      577 16 Its average fuel price rises to US$65 a barrel from US$46 Bloomberg [HONG KONG] Cathay Pacific Airways Ltd, Asia's second most-profitable carrier," yesterday said that first-half net income fell 5.7 per cent after the cost of jet fuel surged. Profit
      Bloomberg  -  577 words
    • Article
      Lock icon United overhauls leases
      122 16 Bloomberg [CHICAGO] United Airlines, the second-largest US carrrier, said it has finished reworking its aircraft lease agreements with creditors who hold debt backed by 105 planes, providing the carrier with US$3OO million in annual savings. United said on Aug 9 that total annual fleet costs have been
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    • Article
      Lock icon Garuda's flight attendants may skip work for 3 days
      140 16 Bloomberg [JAKARTA] PT Garuda Indonesia said some of the carrier's 2,300 flight attendants may stay away from work for three days starting tomorrow to demand changes in the method of calculating salaries. The cabin attendants want salaries to reflect years of
      Bloomberg  -  140 words
    • Article
      Lock icon Qantas may raise fuel surcharge
      416 16  -  By VEN SREENIVASAN [SINGAPORE] With oil price soaring to new highs, Qantas has confirmed that it could be raising its fuel surcharges for the fifth time to make up for a As6oo million (Ss76o million) shortfall stemming from rising fuel price. Qantas chief financial officer
      416 words
    • Article
      Lock icon Watchdog clears Ryanair ad
      75 16 Bloomberg [LONDON] Ryanair Holdings Pic, Europe's largest low-cost airline, was cleared by the British advertising watchdog of complaints that it used the July London bombings for commercial advantage. Ryanair's ad used a photograph of former UK Prime Minister Winston Churchill and headlined "London Fights Back", which
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    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      1740 16 QTY wan HA man m> C857 1025 sow i«ss Dcnpasar tali SQ141 1145 S0142 0935 'm as a® if las H la is zoo Dhaka SQ435 0550 SQ436 2030 ZwuST SQia-Otap— 2255 0*638 1205 QR639 0745 U5Q 2255 t>„b« NZ4355 0735 EK405 0210 (CL837 1450 SQ324
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  • Page 16 Miscellaneous
    • Miscellaneous
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      203 16 CRYPTIC CROSSWORD 25 In a bad way? Yes! (6) 26 Man on programme sound- know? (5) YESTERDAY'S SOLUTION ing mournful (8) 7 Why one left a last job? (3,4) Across: 1 Waist, 4 Ambrosia, 8 14 The visionary effect of key Tick over, 9 Admonish, 11 HamDOWN positive coaches (9)
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  • AVIATION/SHIPPING
    • Article
      Lock icon BAA blames blasts for slow July traffic gain
      344 17 Bloomberg [LONDON] BAA Pic, the world's largest airport operator, said UK passenger traffic rose by the slowest pace in July in two years as growth was held back by the terrorist bombings in London. The company's seven UK airports handled a record
      Bloomberg  -  344 words
    • Article
      Lock icon Asiana pilots resume talks with management
      211 17 AP [SEOUL] Striking pilots at Asiana Airlines resumed talks with management yesterday in hopes of averting a government thfeat to use special powers to end the walkout, a union spokesman said. "We want to make good progress between the management and us before the
      AP  -  211 words
    • Article
      Lock icon Boeing lands US$850m order from EgyptAir
      109 17 Bloomberg [NEW YORK] Boeing Co, the world's second-largest commercial airplane maker, has said Egypt Air ordered six 8737-800 airliners amid rising Middle East air travel. Including an option to buy an additional six 8737-800s, Boeing valued the ordej* at as much as US$B5O million.
      Bloomberg  -  109 words
    • Article, Illustration
      Lock icon Shipping lines face competition issues amid consolidation
      614 17  -  Nod to MaerskPONL merger gives boost to others seeking suitors By GEORGE JOSEPH [SINGAPORE] Following the acquisition of Royal PBiO Nedlloyd by AP Moell-er-Maersk, the message to other container shipping lines considering their strategic options is to act now before there is significant
      REUTERS  -  614 words
    • Article
      Lock icon Hyundai Merchant's Q2 profit up on lower tax
      370 17 Bloomberg [SEOUL] Hyundai Merchant Marine Co, South Korea's second-largest shipping line, reported a profit in the second quarter because it paid less taxes and lower interest charges. Net income rose 12 per cent to 77 billion won (S$ 125.2 million) in the
      Bloomberg  -  370 words
    • Article
      Lock icon TRANSPORT STOCKS
      295 17 SGX '000 Aug 10 st *i- vm CM Offshore M2 -0.01 3991 Oman Hup .0.93 uoch 4563 Co«o Corporation 2.53 -0.0« 7033 CWTDrt/Sution 0.70 0.02 220 Ezra Hid® 1.64 0.13 7008 Freight Links 0 08 unch 187 Grand Banks Yacht 0.97 0.01 51 JayaHoidingi 1.19 unch 4031 Kf
      295 words
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      287 17 Diners Club Card Toappfaca/f6416 0980 A\n rfffl RYnflH Bw a World of Exclusive Privileges Treats Diners Club Here s Another Reason To Celebrate In August! Just in time for Singapore's 40th birthday, a freshly refurbished Plaza Brasserie (formerly Cafe Plaza) Is back with Its famous buffet featuring more Items and
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      93 17 11*7331 Lianhe Zaobao B Significance of. I People's Bank I I of China 11 setting up II 2nd HQ in *1 Shanghai !I T® I I I m R THE NEPTUNE COLLYER QUAY THE NEPTUNE SINGAPORE'S LARGEST THEATRE RESTAURANT Indulge in traditional dian xin served trolleycart style. Or be dazzled
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  • EDITORIAL & OPINION
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      Lock icon Peace in sight for Aceh
      524 18 EDITORIAL AFTER three decades of unremitting bloodshed, the government of Indonesia and the Free Aceh Movement (GAM) are now one step closer to clinching a historic peace agreement. This week, Indonesia's Parliament formally threw its weight behind the government's peace accord with the Acehnese rebels,
      524 words
    • Article, Illustration
      Lock icon There are no shortcuts to HR outsourcing
      985 18  -  You need a detailed roadmap and attention to details is crucial By LEO FERNANDEZ SOME things are no trouble at all, such as finding your house in your block, but try navigating a foreign city without a map. You may still manage to
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    • Article, Illustration
      Lock icon Wartime memories drive China, Japan apart
      735 18  -  THE BOTTOM LINE FRANK CHING ANNIVERSARIES are occasions for recalling and reassessing past events and for making resolutions about the future. Each New Year, for example, resolutions are made, often to be broken before long but, at least, there is reflection on what we
      735 words
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      Lock icon Lessons of Alsace's experience for EU
      1427 19  -  The city which has changed nationality 5 times shows integration at its best By KATRIN BENNHOLD IHT BERTRAND Kurtz, a Frenchman, reckons that he crosses the Rhine about 500 times a year. The frontier between France and Germany, which generations of his ancestors died
      IHT; AFP  -  1,427 words
    • Article
      Lock icon Don't limit estate duty exemption to homes
      252 19  -  LETTERS TO THE EDITOR Sunder R Daswani, Singapore 1 REFER to the letters "Estate duty helps tax system to be progressive" (BT, Aug 2) by Han Kok Juan of the Ministry of Finance and "Review $600,000 limit for exemption from estate duty" (BT,
      252 words
    • Article
      Lock icon History repeating itself on the bourse?
      331 19  -  Narayana Narayana, Singapore R SIVANITHY made a brave attempt to analyse stockmarket behaviour, and took a tenuous stab at the future, in his article "Headwinds and tailwinds: what's ahead for the market" (BT, Aug 8). I am reminded of a nursery rhyme: "The Grand
      331 words
    • Article, Illustration
      Lock icon No safer bet than security sector
      840 19  -  By MATTHEW LYNN Bloomberg AFTER one successful, and one unsuccessful, attempt to blow up its subway system, London is on high alert. Home-grown suicide bombers are a new threat that the UK will have to face for the foreseeable future. For investors and companies,
      Bloomberg; REUTERS  -  840 words
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      103 19 HAVE YOUR SAY Fax your letters to 6319-8277 or email them to btletteresph.com.sg or write to: The Business Times, SPH HQ, 1000 Toa Payoh North, Podium Level 3, Singapore *****4. We need your full name, address and telephone number for verification. Please use temperate language, and bear in mind libel
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  • Article
    Lock icon SINGAPORE STOCKS
    10941 20 SGX MAINBOARD 52-WV Id Last Vol Day Last Quote GrOiv Div GrYld Nat MCap High Low Coda Company Sala *1- ('000) High Low »uyar Setter Cvr S Ht imM 10 3 5716 1st Software 5c 3 unch 540 3 5 3 3 3 5 |j.i 30 10 5
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      40 20 jSSff Audemars Piguet Le maitre de I'horlogerie depuis 1875 uj JM JT, m I Sole Distributor Service Centre: AUDEHARS PIGUET (SINGAPORE) PRIVATE LIMITED. THE HOURGLASS 541 Orchard Road #17-00 Liat Towers Singapore *****1. Tel: 6238 6678 Fax: 6238 6676. http://wvyw.audemarspiguet.com
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  • Article
    Lock icon FINANCE & COMMODITIES
    6408 21 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES la tout curf In SS US1 %dy %»r dy \yr Aug* Intern Change Change Oian<>> Change Chang* Chug* Wortd lnde» flrelimirwy 905 3 0j6 63 06 3.7 05 2-3 t EAFE Preliminary 8574 O.fc 11.0 06 3.4 05 2.0 lurope Preliminary 1201 j6
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      951 22 lilllw^^m > NYK GROUP SOUTH ASIA PTE LTD V-- JkTVV" PBTC2 K TEL: 6295 0123 J*J" <2SS§? ™5L«55ni5S\Jr I ,E Fax:*****Bs6(Regionalsales)/*****109(0P5)/6299 5785(Documentation) NIPPON YUSEN KAISHA TOKYO SO»AKU KAISHA. UO (C/RNO: **********0E) f/p= I i 31 CR,: mmmm SENATOR LINES I^HPB SENATOfc (MJL)n* UNI Main Uimk *65 6536-2750 ShJJ|l ilftAl! 72
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      446 22 p] DONGNAMA LINE commn—p mhvici VBSa (IYHTY Wttl VOY |SGP I HKG MC PUS RUXMU SOSN 17/08 21/01 20/08 29/08 JOUY 048N [24/08 21/01 02/09 OS/Of VISSa (tVHTf SAD VOY SGP MS (lIVII TRAM IBUMUU TS HONGKONG SUN 13/01 17/01 TSNAGOYA SOON 20/00 24/01 VBSa dVHTf SUN) VOY [~SGP HKG
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      794 22 [iNTERASLA RQRQ SERVICE vßsa/vor lurom hbchud wg «m lo sw jkt STRAITS VENTURE 14/0S IS 3.2 05/01 11/01 14/08 16/08 SIUITS VENTUtt 17/05 15 3.2 18/08 21/01 25/08 28/08 30/08 STKAITSVEHTVJKE t/05 15 3.2 01/ M 04/09 08/09 11/W 13/09 i I AUSTRALIAN ROtO SERVICE VBSa/VOT tAMPQCI) HBGHT(M)| 13 IHII
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      1226 23 ause saw (export) na JB SINGAPORE MIISUIH SYDNEY MtUOURHE ADELAIDE SINGAPORE WBjAjK SYDNEY MfIjOMMK AjfUg *f»I(ASmiSOK 12/08 22/08 24/08 27/08 30/08 SCOTIA 021S 09/W 19/09 21/W 24/09 27/09 CAIYUN HE 042S 19/08 29/08 31/08 03/09 06/09 CAI YUM HE 043S 11/09 2</W 28/09 01/10 04/10 CAMBH6A 514S 26/08 05/09 07/09
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      1163 23 VESSEL VOY SIN PCU HCM HKG' KYH PUS VESSEL VOY PKG GOLDEN GATE SUN 9/8 10/8 12/8 PERTH BRIDGE 086 A "Tj7T 13/8 GOLDEN TRADE 51 IN 16/8 17/8 19/8 NEW DYNAMIC Q93A ]8J 20/6 CAPE SANTIAGO 1004N 23/8 74/8 26/8 1-1-1 ~1" I I I Catng HK Md-Smom 'VSI
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      972 23 WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICD POINTS VtSStl VOY SIH P.KLANG COLOMBO N. SHIVA COLOMBO RAJIV GAMDHI OWSW 08 AUG 10 AUG 13 AUG It AUG 19 AUG KOIA PtRTAMA YPMQ2I IS AUG 17 AUG 20 AUG ZIAUG 2LAU£ PACIFIC QUEST OQO9W 22 AUG
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  • THE BUSINESS TIMES SHIPPING TIMES
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      Lock icon THE BUSINESS TIMES SHIPPING GUIDE EXPORT
      8001 24 ETA ETA Advertiser Veisel Voyage ™ephone ETA ETA AiNertteer Veuel Voyige T j£<*£* SIN Desfn Name Name Number Number SIN D«tn N-ne Neme Numb* To ALOTAU (GUR) 2465 Papua New Guinea TO ABIDJAN (ABJ) 2003 Cote D'lvoire 09/09 27/09 NGPL CHANGSHA 041 *****288 19/08
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      704 24 Ufillf WALLENIUS WILHELMSEN website: hllp://www.2wglobol.tom VESSEL VOY RAMP HC ~MAO~ HOU« Ml* SAY »AL ORF NYC HEW MO» TOM AFS2I 400Toas 6.30 M I 17/08 10/09 19/09 23/09 29/09 27/09 TAMPA AF522 420Tms MM I 25/08 20/09 29/09 03/10 06/10 04/10 TAPIOU ALSI9 400Toat 6.3 M 05/09 13/10 15/10 18/10
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      903 24 VESSEL VOY SIN POU VtSSIl VOY SjN J«T PACIANDA 1533N 12/08 12/08 j"™" ?lil }I£jjg PACIAWP* *****! 13/08 14/M_ M CSF 2301 0159P 13/08 15/08 yACWNTA1^^^^^31^^^^20/O^^Z3/o^^ PAC IANDA 1535N 14/08 15/08 2301 9)Wf 1?/W 17/08— VISSH. VOY SIM DJB PAC PANDA um 14ZM !4ZM_ ffffL., mS TITm PACBANDA 1537N 17/08
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      451 24 BSfl X MYANMA MM FIVE STAR LINE (Myanmar National Line) Loading for Yangon VISSEL VOY SIN PKI PIN PGU PAGAN 348W SIC PAGAN 349W SU) IN MAUYSIA: ROUSTEAD SHIPPING AGENCIES KUL/PKI: 03-*****388 PEN: 04-*****15 MKKKk ACCEPTING CONVENTIONAL CGO VESSEL VOY HKG SIN PGU PKI KIK SUNNY HEART 73 SU) SU)
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  • BizIT
    • Article, Illustration
      Lock icon PacNet chief quits for SCS
      771 26  -  He has built a reputation as a turnaround specialist who thinks out of the box. RAJU CHELLAM has the details RAJU CHELLAM Exactly three months after the sudden resignation of its former chief executive, troubled Singapore Computer Systems (SCS) is set to get a new
      PACIFIC INTERNET  -  771 words
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      Lock icon Razer's mouse bares its fangs
      429 26  -  By RACHEL LIN GAMING peripherals maker Razer, which is sponsoring the World Cyber Games (WCG) for the second year running, is hoping that its latest creation will help the home-grown company dominate the gaming mouse market within the next couple of years. This übercool critter
      429 words
    • Article
      Lock icon SCS banks on content management
      281 26  -  By RAJU CHELLAM MAINBOARD-LISTED Singapore Computer Systems (SCS) should benefit from a mini boom in content management solutions and services, especially from big deals in the government sector in the Asia-Pacific region. The region's market for content management software alone is set to grow from
      281 words
    • Article
      Lock icon China creates digital dummy for research
      223 26 Xinhua [BEIJING] Chinese scientists have created the first Chinese male digital dummy, based on data about a young deceased male, to facilitate medical research and research in many other fields. "Before operating on the patients, the doctor may first operate on the digital dummy
      Xinhua  -  223 words
    • Article
      Lock icon Creative launches new sound cards
      283 26  -  By RACHEL LIN CREATIVE Technology has moved to cement its position as the global leader in PC audio with the release of a new line of sound cards incorporating Xtreme Fidelity, which the company calls "an entirely new audio standard" for music, movies and games.
      283 words
    • Article
      Lock icon iTunes Japan sells over one million songs in four days
      446 26 Reuters [TOKYO] Apple Computer Inc said on Monday its new iTunes online music store in Japan sold over one million songs in its first four days, a strong start for the download service in the world's second-largest music market. California-based
      Reuters  -  446 words
    • Article
      Lock icon Dell to open Philippine call centre to handle US calls
      270 26 The firm will hire 700 people; a 2006 opening is expected Bloomberg [MANILA] Dell Inc the world's largest maker of personal computers said it will open a call centre in the Philippines, its second facility in Asia to handle calls
      Bloomberg  -  270 words
    • Article, Illustration
      Lock icon Cisco's Singapore sales up 20% in Q4
      903 28  -  Growth propelled by customer wins, IP telephony, among others Reports by Reports by AMIT ROY CHOUDHURY REVENUE in Singapore for Cisco Systems grew more than 20 per cent year-on-year in the fourth quarter which ended July 30, the US networking giant's local head
      903 words
    • Article
      Lock icon Cisco looking to SOE tender
      281 28 ONE area which Cisco is looking forward to is the much-anticipated SOE tender from the Singapore government, according to Craig Gledhill, Cisco's managing director for Singapore and Brunei. SOE, short for Standard ICT Operating Environment, is a recent government initiative aimed at standardising a major
      281 words
    • Article
      Lock icon Microsoft warns users of 'critical' security flaws
      248 28 One of them could allow a computer to be taken over Reuters [SAN FRANCISCO] Microsoft Corp warned users of its Windows operating system on Tuesday of three newly found "critical" security flaws in its software, including one that could allow attackers to take
      Reuters  -  248 words
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      31 27 >^ss2sl9^l IJH I -^rji 'UPw. t >"''i^y^// >f l 4 59 p '^mBE 'vj •sjg^yfc£ V" < v BBhPs? '"slf JF« JSllias v wmMi r u ;^JBl > ,-.^f fe. v a ti>mj; >».
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      1460 28 Advertising Feature Businesses recognise the critical importance 1 of issues associated with hiring, developing, ~Z*Mm Jl and retaining a skilled work force to ensure 4 -fl their long-term Labour not treated JHL > 9 as an operating expense anymore, but as valued asset. One company which comes J J -^4
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  • PROPERTY
    • Article, Illustration
      Lock icon HMC Building put up for sale by tender
      345 29  -  It could be used as commercial school or corporate HQ after a retrofit By KALPANA RASHIWALA HAVING been on and off the market for years, HMC Building in Mistry Road, off Shenton Way, has been put up for sale through a tender,
      345 words
    • Article
      Lock icon HK bank rate rise adds to pressure on property market
      424 29 Reuters [HONG KONG] Hong Kong banks raised lending rates to their highest level in four years yesterday, pitting further pressure on what had been the hottest property market in Asia. HSBC Holdings pic and its Hong Kong unit Hang Seng
      Reuters  -  424 words
    • Article
      Lock icon Vacancy rate up for top Manhattan buildings
      299 29 Reuters [NEW YORK] Manhattan's strongest and weakest office markets flipped direction in July, as the vacancy rate for top-quality Midtown buildings shot up while a similar rate Downtown fell, according a monthly report from Colliers ABR. The spike in Midtown's Class A vacancy
      Reuters  -  299 words
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      Lock icon HK keeps underwriters for Link Reit unchanged
      314 29 Bloomberg [HONG KONG] The Hong Kong Housing Authority will keep the underwriters of its proposed US$2.7 billion property trust initial public offering unchanged to ensure the record government asset sale will proceed before end of March. The government-run housing agency will retain Goldman
      Bloomberg; REUTERS  -  314 words
    • Article, Illustration
      Lock icon The Grange: 40% sold outside S'pore
      285 30  -  Average price comes to $1,450 psf, higher than area's $1,350 psf By KALPANA RASHIWALA THE Grange, a longawaited condominium development by MCL Land, Wing Tai and AIG, has been quietly marketed in Indonesia over the past month. BT understands that about 40 per cent
      285 words
    • Article
      Lock icon European property investment seen rising 20-25% in H2
      283 30 Reuters [LONDON] Investment in European commercial real estate is expected to jump 20 to 25 per cent in second half of 2005, after rising 4 per cent to 47.9 billion euros (5597.7 billion) in the first half of 2005 over the same
      Reuters  -  283 words
    • Article
      Lock icon Househunt PROPERTY TRANSACTIONS BETWEEN AUG 2 AND AUG 9,2005
      1434 30 PROJECT NAME/ PROP CONTRACT TENURE BUILWN/IAND PRICE PSF STREET NAME TYPE DATE AREA*(SQFT) (SS'OOO) (S$) OMcK1 NON«UND9D ITwSiRAl Martna lay Apt 07/07/2009 99 ION 1190 1112 omen NON4AND9D fan Apt 1407/2009 99 HI W Ii9 DMrfctl N0N4ANMD MWgfra Apt *****009 99
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      Lock icon Sentosa Cove to sell Treasure isle piecemeal
      405 31  -  It says demand is high from buyers who want to build own bungalows By KALPANA RASHIWALA SENTOSA Cove Pte Ltd (SCPL), which yesterday awarded Paradise Island to > Ho Bee, says it may sell in- dividual bungalow lots on Treasure Island next door,
      405 words
    • Article, Illustration
      Lock icon Ho Bee wins Fernhill Grove for $66.3m
      399 31  -  By ALEXANDRA HO WITH the highest bid of $66.3 million, developer Ho Bee Group beat about seven other developers to clinch the 36-unit Fernhill Grove residential development at numbers 25, 27 29 Fernhill Road. The freehold site of 86,347 square feet is just
      FILE PHOTO  -  399 words
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      197 29 HAMPSHIRE residences Register Now To Be Part Of This Prestigious Neighbourhood .m**. 4^ f\ Hampshire Residences. Truly exclusive Private lift lobbies piaza mbf m L3Dri3Ldflfl homeS Set in the VGry heart f Kua a De s'g n e r fittings ~T[ Lumpur Where you can live in the same Flexible
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      52 30 dunman RD L«" Sef GOODMAN RD i.. M/iJ SMVtaPt P«rS*^, H«*T«r ktoyfort f* ■4 —To City LA: 108,329 sf 26,284 sf(SL) MP: 2.8 GPR /100 m AMSL I closing on: I Potential for 320 units x 1,200 sf 6 Sept 05 (Tuea) 3pm Offers unobstructed seaview Prominent corner plot IgttebenhanT;
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      224 31 HDB Centre Jalan Bukit Merah Outside CBD, central location ■is Mount Faber view §£§*8 10,000 -16,000 sq ft per nߣ§§ floor/ sub-divisible Accessible via CTE/ECP/AYE mm 2U H|B~ E Shuttle bus to and fro Tiong Bahru MRT station Available immediately Winston Po 9796 4957 Knight fMi Sebastian Urn *****745 Frank
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      282 31 ARDMORE PARK DEVELOPMENT SITE FOR SALE BY TENDER I Prestigious location at /#Ardmore Park If pi y\ Freehold ill Hotel V|\ Approximately 00 s °i ft J plot Ratio 2.8 "Sub /oodwood Height control up to 36 V>\ PkHotel l /it U storeys L A3# /ty Far East Plaza 7J/
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  • WORKSPACE
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      Lock icon Less is more for the bottomline
      773 32  -  As office spaces become more compact, well-designed, efficient workspaces become a business imperative. TAN SU YEN reports TAN SU YEN LESS space, higher density and an office full of happy, shiny people ready to do their best for the company? This may sound like
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      Lock icon Breaking away from tradition
      316 32 WHEN Barclays Capital approached Philip Jacobs to work on its International Business Centre at The Atrium@Orchard, the client's brief read like a design consultant's dream. Says Mr Jacobs, who was a director with architectural practice Architects6l at the time: "Barclays wanted a complete review of what
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      64 32 A series on workspace brought to you by _ONE raffles The Logical Move IJ 11 I i I fp» Ifl 11 II lm i f I 111 ***** Ifl Bi CM fc I j ist-^:-S^ I -Hr 11 r i Jl f j^j i Property Developer: One Raffles Quay Pte
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