The Business Times, 17 August 2005

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Microfilm: NL26352
Total Pages: 28
1 28 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 Wednesday, August 17,2005
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  • Article
    Lock icon Temasek reaps $5b from SGX stocks sales
    758 1  -  Divestments made over 20 months; more expected By TEH HOOI LING [SINGAPORE] Investment company Temasek Holdings has cashed out more than $5 billion of investments from the Singapore market in the past 20 months, as prices reached agreeable levels. And one analyst reckons
    758 words
  • Article
    Lock icon MARKETS DIGEST
    141 1 sti 2,***** (+25.54) ST INDEX FUTURES 2,298.00 (+24.00) SIMSCI 273.75 (+3.38) SIMSa FUTURES 273.90 (+4.50) MARKETS Tuesday Change KLSECOMP 926.49 -1.43 NIKKEI 225 12,315.67 +59.12 HANG SENG 15.443 62 -22.44 SET INOEX 667.18 434 JAKARTA COMP 1,113 82 -4.45 MANILA COMP 1.993.58 -12.41 SEOUL COMP 1.116.93 -13 J9
    141 words
  • Article, Illustration
    Lock icon S'pore adds biologies hub as one more goal
    580 1  -  EDB arm in JV to set up manufacturing plant here in 2008 By CHEN HUIFEN [SINGAPORE] Having attracted some of the biggest pharmaceutical production firms, Singapore now wants to become a hub for naturally derived drugs called biologies. Also known as biopharmaceuticals,
    580 words
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      31 1 MOTORING UNDER WRAPS Wrap investment accounts* where clients pay a fee for active advisory, are gaining traction in Singapore. Are they taking off in a big way? Extcutfvt Monty, PG 28
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      114 1 COMMENTARY 'f y ,*<. t x ,J-;< 4 r- > v. v IN THR HRART OF HOMR I C.KLPBRATP THR MAGICAL MOMENTS OP LIFRm THE HMKLL OP PRKSHkY BAKEP CINNAMON EfIFHRHHH AND MARBLRO PACE# OP AN 01,0 H00K,.. THR LAUGHTER OP PRIRNOB Mf» jTMmJB OP SRCHKTti NMAUPI) ANO aKfl|H HHjnH
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      5 1 MAINBOARD A jelly baby IPO
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  • TOP STORIES
    • Article, Illustration
      Lock icon Jakarta easing tax rules to boost investments
      769 2 Mr Yudhoyono also stresses need to improve trust to attract investments Bloomberg AP [JAKARTA] Indonesian President Susilo Bambang Yudhoyono said he plans to ease tax rules to attract more foreign investment after South-east Asia's largest economy grew at a slower pace for a
      Bloomberg; AP; REUTERS  -  769 words
    • Article
      Lock icon Clarification
      64 2 OUR report, "OCBC disappoints with 1 per cent, profit rise" (BT, Aug 11), said UOB reported a first-half toss on treasury-related activities. UOB has clarified that its treasury department as a whole made money in the first and second quarters. On a half-year basis, profit from treasury operations overall
      64 words
    • Article
      Lock icon Malaysia plans new strategy to become developed by 2020
      580 2 Focus will be on building global companies, training AP Reuters [KUALA LUMPUR] Malaysia is developing a new strategy'to become a fully developed country by 2020, capable of competing with other Asian economies such as China and India, PruneMWrterAbduflai l i mHWMM
      AP; Reuters  -  580 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      523 2 Services sector posts $61.3b operating surplus THE services sector's operating surplus surged 29.7 per cent year on year in 2003 to $61.3 billion, boosted by strong growth in financial and insurance services, the Department of Statistics said yesterday. And the sector's operating receipts grew 15 per cent from
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    • Article
      Lock icon Services sector posts $61.3b operating surplus in 2003
      460 4  -  Sector accounts for 68.9% of GDP in 2003, 70.7% of employment By NANDE KHIN [SlNGAPOßE] The services sector's operating surplus surged 29.7 per cent year on year in 2003 to $61.3 billion, boosted by strong growth in financial and insurance services, the
      460 words
    • Article
      Lock icon A*Star unit scores with urine as power source
      267 4  -  Micro-battery for self-test kits works with just a drop of urine By JEAN CHUA [SINGAPORE] Scientists in Singapore have come up with a world first micro battery that uses urine to power disposable self-test kits for diabetes and other diseases. The Institute
      267 words
    • Article, Illustration
      Lock icon Foreign investors propel Nikkei to four-year high
      663 4  -  By ANTHONY ROWLEY in Tokyo THE only thing that didn't shake in Tokyo yesterday, when a strong earth tremor caused tall buildings to sway, was the stock market. The Nikkei index just kept on rising to a fouryear high as figures were released
      PHOTOS: AP, REUTERS  -  663 words
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      186 2 mm***?-* 1 »> wiiBHBBMBBBBHBBiMBiMBiM^teMBJStBMBM^^^MM^WiBt'CT^'tf tmL> mm.,: 1 As you know, timing is key when it comes to making the right move. Like going for this never-before subscription offer, valid only for this month: a 20% off the usual price plus a chance to win the prize of your choice if
      186 words
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      225 3 On birthday, we're giving you a 6-star luxury apartment in Singapore. An OSIM massa g e chair for everyone From now till 28 Jan 06, every $300 spent on OSIM products gives you a chance to be m isSS^fc Grand Prize: The ultimate apartment at The V M 7/ Sail
      225 words
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      75 4 Winning strategies to prepare your business for the unexpected Learn how innovation can unlock the door to sustainable profits Equip your business for the next big change in the global business landscape Examine the drivers that promote unprecedented growth in Asia Empower your business with the latest regional and global
      75 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Osim seeks to delist Global Active
      451 5  -  GAL's low liquidity, unlikely need to tap capital markets cited as reasons By JOYCE KOH IN line with its takeover intention, Osim Internationa] has made a proposal to take its recently acquired subsidiary Global Active Ltd (GAL) private at an offer price of 23
      FILE PHOTO  -  451 words
    • Article, Illustration
      Lock icon Ho Bee worth a second look
      869 5  -  HOCK LOCK SIEW By KALPANA RASHIWALA FOR investors keen to ride the Singapore residential growth cycle and who want to spread their bets over more counters, Ho Bee Investment is a stock to consider. It has certainly been in the thick of things in
      FILE PHOTO  -  869 words
    • COMPANY BRIEFS
      • Article
        Lock icon Allied settles out of court with PGK Media
        89 7 ALLIED Technologies Limited yesterday said that it had reached an "amicable" out-of-court settlement with PGK Media over an agreement entered into between the two companies in February 2003. The legal proceedings involved an alleged breach of contract, or alternatively, alleged negligence resulting
        89 words
      • Article
        Lock icon CDL unit completes Aussie building sale
        52 7 CDL Hotels New Zealand, a subsidiary of listed property developer City Developments (CDL), yesterday announced that its subsidiary company Kingsgate Investment Pty Limited, had completed its sale of the Bayswater Building in Sydney to Ashington Bayswater on Aug 15 for around A 520.05 million
        52 words
      • Article
        Lock icon Fujitsu drops suit against Digiland
        51 7 MAINBOARD-LISTED wholesale distributor of IT products, Digiland International, yesterday announced that Fujitsu Asia had discontinued court proceedings against the company. Digiland had said in December last year that Fujitsu was claiming for a sum of U*****,435. Digiland said the court made no order as to
        51 words
      • Article
        Lock icon Cosco unit wins US$l4m contracts
        54 7 MAINBOARD-LISTED Cosco Corporation announced yesterday that its 51 per cent owned subsidiary Cosco Shipyard Group has secured three conversion contracts worth US$l4 million. The shipping and shipyard group, which has lately been focussing on more conversion projects, will carry out the jobs at the group's
        54 words
      • Article
        Lock icon Ezra orders 2 tugs for US$l2m
        45 7 MARINE services provider Ezra Holdings through its wholly-owned Lewek Shipping—has placed an order for two multi-purpose anchor handling tugs (AHTs) with Hong Kong-based Cheoy Lee Shipyards. The AHTs, which cost US$l2 million, will be used for general deepwater work.
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    • Article
      Lock icon FirstLink banks on asset sales to stay viable
      305 7  -  By VEN SREENIVASAN FIRSTLINK Investment Group said that the disposal of certain assets and investments will enable it to meet its financial needs and enable it to remain a going concern despite a windingup petition against its subsidiary Green Salt Group Ltd.
      305 words
    • Article, Illustration
      Lock icon Giant Wireless signs pact with US' Audiovox
      403 7  -  By AMIT ROY CHOUDHURY GIANT Wireless Technology said it has reached a strategic agreement with Nasdaq-listed Audiovox Electronics Corporation to manufacture and introduce a new range of XM satellite radio peripherals for car stereos that is expected to hit the US market by
      403 words
    • Article, Illustration
      Lock icon Expansion, diversification lift Advance SCT's profit
      311 7  -  By NANDE KHIN OVERSEAS expansion and business diversification are paying off for PCB supply chain management firm Advance SCT, which yesterday reported a 79.5 per cent surge in net profit for the financial year ended June 30. And the company intends to reward shareholders
      FILE PHOTO  -  311 words
    • OTHER RESULTS
      • Article
        Lock icon Southern Packaging H1 net profit up
        102 7 GROWING sales in its 'rigid packaging' segment allowed China-based Southern Packaging Group to record a 41 per centyear-on-year increase in revenue in the first half, up from $22.8 million in the corresponding period last year to $32.1 million. Net profit, in turn, rose 13
        102 words
      • Article
        Lock icon Sharp fall in Gates Electronics profit
        75 7 GATES Electronics reported a 67 per cent fall in net profit to $412,000 from $1.3 million in the year-ago period in the fiscal year ended June 30. However, revenue was up 16.2 per cent to $22.5 million due to improved contributions from all markets.
        75 words
      • Article
        Lock icon Speedy-Tech's H1 profit 4.1% higher
        69 7 SPEEDY-TECH Electronics yesterday reported that its net profit increased 4.1 per cent to $7.6 million for the first half ended June 30. This was on the back of a 49.6 per cent hike in turnover to $139.4 million, compared with $93.1 million in the previous
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      • Article
        Lock icon Zagro earnings up despite lower sales
        70 7 ZAGRO Asia yesterday announced a 37 per cent hike in its net earnings to $1.5 million in the fiscal half year ended June 30. However, turnover was down 19 per cent to $43.6 million from $53.7 million one year ago due to unfavourable weather
        70 words
    • Article
      Lock icon Greatronic gets results reprieve
      403 7  -  It gets one-month extension, appoints new independent director By CHEN HUIFEN GREATRONIC Ltd, which had applied for a twomonth extension for the release of its first-half results, said yesterday that the Singapore Exchange has granted it a one-month reprieve. The company has managed also to finally
      403 words
    • Article, Illustration
      Lock icon China Lifestyle IPO promises sweet treats
      580 7  -  IPO WATCH By JOYCE KOH AN array of sweet treats is coming soon to the Singapore Exchange (SGX) —jellies, marshmallows and candy products. They might not be your typical offering to shareholders, but China Lifestyle Food and Beverages Group is banking on satisfying the
      CHRIS LOH  -  580 words
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      49 5 For more information, visit your local Jaguar dealer or go to www.jaguar.com SINGAPORE Malayan Motors, 45 Leng Kee Road, Singapore *****3. Tel:(6s) 6378 2662, (65) 6378 2626, (65) 6378 2627; Fax:(6s) 6474 0853 Parts and specifications of actual model available in Singapore may differ slightly from the above depiction.
      49 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon US$ clobbered as commodities surge
      915 6  -  CURRENCIES Selected Asian units may again hog the spotlight in Sept-Oct LARRY WEE Senior Correspondent THE fresh all-time highs recorded by oil and metals like copper over the past fortnight have driven the benchmark CRB index of commodity prices to fresh 25-year highs, but anyone
      915 words
    • Article
      Lock icon Third Avenue raises its stake in BIL to 7%
      520 6  -  TRADES TO WATCH Compiled by DANIEL BUENAS US-BASED investment adviser Third Avenue Management, on behalf of "numerous portfolios", has raised its direct stake in mainboard-listed BIL International by almost one per cent—or around 13.33 million shares—to 7.03 per cent from 6.06
      520 words
    • Article, Illustration
      Lock icon Untitled
      426 6 OTHER SINGAPORE INDICES Aug 16 VALUE CLOSE BT OB/OS -535.00 +102.00 8TCADI -*****.00 +76.00 BT 10-day MA -*****.00 -54.00 AH-SG Equities 589.38 +6.77 SG Equities Elect 131.87 +1.23 SG Equities Fin 1654.23 +20.96 SG Equities Prop 654.87 +12.47 SIMSCI 273.75 +3.38 SiMSCI Futures 273.90 +4.50 MOST ACTIVE STOCKS VOLUME Biosensors
      426 words
    • Article
      Lock icon BROKERS' TAKE
      264 6  -  Compiled by JOYCE KOH SembCorp Industries August 16 dose: $£si OMB-6K RESEARCH, August 16 SembCorp Industries announced two key management changes: Loh Wai Kiew will step down as president and CEO of SembCorp Envjpmmental Management from October; Heng Chiang Gnee will take over her role. No impacfon SCI,
      264 words
    • Article, Illustration
      Lock icon STI stages a strong rebound
      431 6  -  STOCKS TEH HOOI LING Senior Correspondent IN a strong uptrend, corrections are buying opportunities, until and unless the trend is reversing. That appears to be the strategy of traders in the Singapore market now. After four straight sessions of losses, the Singapore market bounced back
      431 words
    • Article, Illustration
      Lock icon STI likely to stay rangebound
      278 6  -  CHART POINT By Yeo Kee Yan chartist at Kelive Research WHAT a difference two weeks makes: positive market sentiment has taken a 180-degree turn. STl's retreat off the psychological 2,400 mark accelerated into a free-fall that broke below shortterm support levels. The index has since
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Spanish retailer Zara plans expansion across Asia
      400 8  -  With 21 stores now, fashion brand eyes 100 outlets in Asia by end-2008 By UMA SHANKARI INDITEX, the Spanish company behind high-fashion brand Zara, said yesterday that it will be expanding its presence across Asia, including in Singapore. The company revealed that it
      FILE PHOTO  -  400 words
    • Article
      Lock icon Enviro Asia 2005 to be held here in November
      155 8 THE second Enviro Asia 2005 exhibition will be held from Nov 9-11 this year at the Singapore Expo. Organised by the Waste Management and Recycling Association of Singapore and the Singapore Water Association, it will t involve 125 exhibitors from 16
      155 words
    • Article, Illustration
      Lock icon Finance sector adopts ISO standard
      423 8  -  By RACHEL LIN [SINGAPORE] Leading financial players here, in tandem with the government, have agreed to adopt an international standard in a bid to streamline their back-end funds management operations. Proponents say adopting the ISO ***** standard could result in cost savings of 30-60 per
      FILE PHOTO  -  423 words
    • Article
      Lock icon A*Star unit makes lens breakthrough
      400 8  -  By JEAN CHUA IT could be years before you and I can use the applications, but that doesn't stop the creators from being really excited about what could potentially be one of the world's smallest lenses. Using a liquid material, researchers at A*Star's Institute of
      400 words
    • Article
      Lock icon IBM to upgrade eNets' online payments infrastructure
      436 8  -  By AMIT ROY CHOUDHURY THE online payments arm of Network for Electronic Transfers Singapore (Nets) has signed a deal with IBM that will see a complete upgrade of eNets* e-commerce infrastructure to cater for the exponential growth of its online payments business. eNets,
      436 words
    • Article
      Lock icon Woodlands industrial site up for tender
      271 8 THE Urban Redevelopment Authority (URA) has launched an industrial site for tender under the confirmed list of the Government Industrial Land Sale Programme. Located at Woodlands Avenue 4, the 10,549.6 square metre land parcel has a maximum gross plot ratio of one, so the
      271 words
    • Article
      Lock icon MAS inks MOU with Emirates regulator.
      134 8 THE Monetary Authority of Singapore (MAS) yesterday signed a Memorandum of Understanding with the Emirates Securities and Commodities Authority (ESCA). This represents another step by Singapore to tap into the Middle East's appetite for investment, whetted by petrodollars. The agreement allows for better bilateral
      134 words
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  • ECONOMY WATCH
    • Article
      Lock icon China banks' property NPLs climb to record 70b yuan in Q1
      848 9 Risk of default looms large, says central bank; NPLs could rise further Bloomberg [BElJlNG] China's four biggest state-owned banks reported non-performing loans to property developers rose to a record 70.8 billion yuan (5514.5 billion) in the first quarter, the
      Bloomberg  -  848 words
    • Article
      Lock icon Forwards trade points to yuan advance in '06
      371 9 Reuters [SHANGHAI] China's foreign exchange market has kicked off forwards trading and the first two deals indicated market expectations of an appreciation of the yuan in the next year, the exchange and state media said yesterday. A pioneer one-month yuan forward done
      Reuters  -  371 words
    • Article, Illustration
      Lock icon Ringgit drops on US rates talk
      430 9 Bloomberg [KUALA LUMPUR] Malaysia's ringgit yesterday fell for a second day, the biggest fluctuation of any currency, on speculation that faster inflation will prompt the US to raise interest rates further, making overseas investments more attractive. Higher rates in the US will widen the
      Bloomberg; REUTERS  -  430 words
    • Article, Illustration
      Lock icon Asian refiners not ready to take up oil output slack
      660 9 Reuters [SINGAPORE] Key Asian refinery projects that would help ease a shortage of global capacity this year have run into delays as Indian and Chinese firms facing steep losses on domestic sales see little incentive to rush plans. IndiaV new
      Reuters; AFP  -  660 words
    • Article
      Lock icon Thailand to press on with projects worth 1.7t baht
      279 9 Reuters [BANGKOK] Thailand will press ahead with infrastructure projects worth 1.7 trillion baht (5568.5 billion) over the next five years despite concerns about their impact on the current account, Finance Minister Thanong Bidaya said yesterday. Some economists have urged the government
      Reuters  -  279 words
    • Article
      Lock icon July CPI up 0.5%, output gains slows
      458 9 LATEST US DATA AP Reuters [WASHINGTON] US consumer prices shot up in July, reflecting higher prices for petrol and other energy products while output gains at the nations' factories, mines and utilities slowed sharply. The Federal Reserve reported that industrial production rose just
      AP; Reuters  -  458 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon DRB claim in doubt after rail contract ditched
      447 10  -  Govt silent on RM600m claim after terminating contract By S JAYASANKARAN in Kuala Lumpur MALAYSIAN auto, infrastructure and financial services conglomerate DRBHicom is facing a fresh problem over its RM6OO million-odd (***** million) claim from the Ministry of Transport over work on
      447 words
    • Article
      Lock icon BURSA MALAYSIA
      2323 10 wot General Corp .0.41 -0.01 6 Aug IS RM *1- C000) Gentinq 19.40 unch 659 George Kent 0.59 -0.01 40 A&M Realty 1.50 unch 0 GHL Systems .0.20 -0.01 535 Abric —.0.38 0.01 17 Globetron.es Tech 0.39 -0.01 656 ACP Industries 0.69 unch 15 GlomacBhd 1.50 unch 524
      2,323 words
    • Article, Illustration
      Lock icon Indonesia free to prosecute firms: KL
      690 10 AP AFP [KUALA LUMPUR] Indonesia is free to prosecute Ma-laysian-owned plantations responsible for setting forest-clearing fires on Sumatra island, creating a major air pollution crisis, Malaysia's foreign minister said yesterday, as he called for a regional action plan to deal with such ecological disasters.
      AP; AFP; REUTERS  -  690 words
    • Article, Illustration
      Lock icon Indon president pledges to honour Aceh peace
      514 10 AFP [JAKARTA] Indonesia's president pledged yesterday to honour an historic agreement with separatist rebels from tsunami-hit Aceh province, urging guerillas to do the same as troops were told to stay on alert. The government and the Free Aceh Movement (GAM) signed a peace
      AFP; AP  -  514 words
    • Article
      Lock icon Telekom, Maxis seen notching higher Q2 profits
      231 10 Reuters [KUALA LUMPUR] Malaysia's top two mobile firms, Telekom Malaysia and Maxis Communications, are expected to post higher quarterly profit as they added users and sought new revenue sources abroad. Analysts said that Telekom was also boosted by the US$5O million it raised
      Reuters  -  231 words
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  • GREATER CHINA/INDIA
    • Article
      Lock icon China oil group in battle for Canadian producer
      518 11 It's expected to make bid on heels of Indian Mittal's C$4.3b offer [HONG KONG/MUMBAI] China National Petroleum Corporation, the country's largest oil group, is expected to bid more than Cs3.B billion ($5.2 billion) for Petro Kazakh stan, the Canadi-an-owned oil producer, in
      518 words
    • Article
      Lock icon CNOOC out of CSFB recommended stocks list
      182 11 Bloomberg [KUALA LUMPUR] CNOOC Ltd, the third-largest oil producer in China, was removed from Credit Suisse First Boston's list of recommended stocks on concern that the stock's valuation didn't reflect earnings prospects. Removing CNOOC means CSFB has cut the weighting of energy stocks
      Bloomberg  -  182 words
    • Article, Illustration
      Lock icon India ditches plans to sell stakes in state companies
      365 11 Bloomberg [NEW DELHI] India has called off plans to sell stakes in 13 state-run companies including National Aluminium Co, Hindustan Petroleum Corp and Shipping Corp of India, said SS Palanimanickam, junior finance minister. "It has been decided to formally call off
      Bloomberg; REUTERS FILE PHOTO  -  365 words
    • Article
      Lock icon China tax changes to benefit lower income families
      250 11 It's also looking at how to tax rich more effectively AFP [BEIJING] Chinese legislators are planning amendments to the personal income tax law, saying they want to reduce the burden on low and medium-in-come families, state media said yesterday. The draft amendments
      AFP  -  250 words
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      258 11 r American Express aTMBj selects hi Warm service, wonderful food. fabulous shopping... enjoy ItSrSTKC. En J°y S reat savings and Thailand. Brought to you by I r I American Express Selects energise yourself with choose from one of the fouow, ng Sheraton Breaks in Thailand. luxurious Sheraton hotels Royal Orchid
      258 words
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  • ASIA-PACIFIC/WORLD
    • Article
      Lock icon Foreign share of UK bonds at record 24%
      519 12 Jump partly due to central banks diversifying their currency reserves [LONDON] The proportion of British government bonds in the hands of nonUK investors such as central banks has quietly jumped to a record, with a particularly sharp increase this year, the Financial
      519 words
    • WORLD WATCH
      • Article
        Lock icon JPMorgan in US$1b Enron settlement
        71 12 Reuters [NE^RfemPWo'^n'"' Chase Co agreed to a roughly US$l billion settlement to resolve claims it helped Enron Corp commit accounting fraud,, leading to the energy trader's 2001 bankruptcy, Enron said yesterday. The terms call for the No 3 US bank to pay US$35O million in
        Reuters  -  71 words
      • Article
        Lock icon English soccer vs insurgency
        75 12 AP [BANGKOK] Getting restless Miplim youths to watch mojf English Premier is the latest Thai government initiative to quell insurgency in the countty's south. Under the plan, Thailand's interior ministry will bear the cost of installing 500 television sets at community tea and coffee shops where
        AP  -  75 words
      • Article
        Lock icon New Internet worm targeting Windows
        67 12 Reuters [SEATTLE] A new Internet virus targeting recently uncovered flaws in Microsoft Corp's Windows operating system is circulating on the Internet, an anti-virus computer maker said o88(S virus appeal shortly after world's largest software maker warned of three newly found "critical" security flaws in its
        Reuters  -  67 words
      • Article
        Lock icon West Caribbean Airways plane crashes
        79 12 Reuters [CARACAS, Venezuela] A West Caribbean Airways airliner travelling from Panama with 152 passengers and crew crashed yesterday in a mountainous region near Venezuela's border with Colombia after suffering engine failure, Venezuelan authorities said. "We believe it is going to be difficult for there to
        Reuters  -  79 words
      • Article
        Lock icon C&W buys Energis for up to £674m
        110 12 Reuters [LONDON] British telecoms firm Cable Wirelessplc has agreed to buy privately owned rival Energis for up to £674 million (Ss2 billion) to step up its challenge to market leader BT Group pic. Britain's secondlargest fixed-line telecoms operator said it would pay £594
        Reuters  -  110 words
      • Article
        Lock icon Deutsche Telekom, KPN end talks on 02
        73 12 Bloomberg [FRANKFURT] Deutsche Telekom AG and Dutch competitor Royal KPN NV ended talks to buy mobile-phone company 02 pic, the second time in 18 months the UK's largest wireless operator attracted interest from rivals. Deutsche Telekom held "exploratory" talks with KPN about a
        Bloomberg  -  73 words
      • Article
        Lock icon Kodak plans one-year terms for directors
        48 12 Bloomberg [NEW YORK] Eastman Kodak Co, the world's largest photography company, plans to propose that all board members be elected annually beginning in 2008 in an effort to strengthen the company's corporate governance. Kodak directors currently are elected to staggered, three-year terms.
        Bloomberg  -  48 words
    • Article, Illustration
      Lock icon Wal-Mart profit growth slumps in Q2 as gas prices hurt sales
      441 12 Earnings up 5.8% to US$2.8b; it cuts full-year forecast Bloomberg [NEW YORK] Wal-Mart Stores said yesterday that profit rose in the second quarter by the smallest amount in four years and cut its full-year forecast. The world's largest retailer
      Bloomberg; BLOOMBERG  -  441 words
    • Article
      Lock icon Investment industry wooing doctors for their advice
      423 12 NYT [NEW YORK] At first, the calls seemed innocuous. Investment companies were offering Ronald B Natale US$2OO or US$3OO for 15 minutes of his time, asking that he merely discuss general trends in lung cancer, sometimes over the telephone. But Dr Natale became
      NYT  -  423 words
    • Article
      Lock icon Samsung Life rejects all 3 bids for stake sale
      452 12 BUYOUT FUNDS Reuters Bloomberg [SEOUL] Shareholders of Samsung Life Insurance have turned down all three bids for a 17.6 per cent stake in the insurer, a shareholder said yesterday, saying they failed to meet local regulatory conditions. Three candidates US buyout
      Reuters; Bloomberg  -  452 words
    • Article
      Lock icon Warburg Pincus raises US$8b for fund
      241 12 Bloomberg [NEW YORK] Warburg Pincus, the buyout and venture capital firm, has raised US$B billion to invest in companies in Asia, Europe and North America. The money was raised for its fund, Warburg Pincus Private Equity IX LP and was completed in about eight
      Bloomberg  -  241 words
    • Article
      Lock icon Soros fund sheds US$100m in energy stocks
      341 12 Reuters [WASHINGTON] An investment fund controlled by billionaire George Soros shed energy stocks in the quarter ended June 30 after the total value of its listed holdings declined by 22 per cent. About US$lOO million in energy stocks that were listed at the
      Reuters  -  341 words
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  • WORLD
    • Article
      Lock icon Banks scramble for stake in Philadelphia bourse
      664 13 Move reflects magnet of trading in options, futures and derivatives NYT [NEW YORK] Two deals to secure places to trade stocks and options that could eventually be alternatives to the New York Stock Exchange and the Nasdaq market are expected to be announced
      NYT  -  664 words
    • Article
      Lock icon Morgan Stanley women claim US$40m after suit
      318 13 Bloomberg [NEW YORK] About one-fifth of the women at Morgan Stanley who were covered by the settlement of a* federal sexual discrimination lawsuit submitted claims and will share a US$4O million fund established for victims. The world's biggest securities firm last year agreed
      Bloomberg  -  318 words
    • Article, Illustration
      Lock icon News Corp in talks to acquire Web's Blinkx
      577 13 NYT Bloomberg [NEW YORK] The News Corp, which is eager to build its presence on the Internet, is in discussions to acquire Blinkx, a service that scours the World Wide Web for video and audio clips and organises them automatically in folders.
      NYT; Bloomberg; AFP  -  577 words
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  • AVIATION
    • Article, Illustration
      Lock icon Garuda may be merged with two airlines
      555 14 Merpati and Pelita could be migrated into a low-cost carrier: Minister Bloomberg [JAKARTA] Indonesia is studying a plan to combine PT Garuda Indonesia, which is seeking a government bailout, and two other state-run carriers to help the companies turn profitable amid rising fuel
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    • Article
      Lock icon Thai Airways suffers 4.8b baht loss in Q3
      382 14 AFP AP [BANGKOK] Thai Airways International said yesterday that it lost 4.78 billion baht (Ssl9l million) in the third quarter, after being hammered by skyrocketing jet fuel costs and increased personnel expenses. It also booked a foreign exchange loss of US$66 million
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    • Article
      Lock icon Stanley Ho buys stake in Macau budget airline
      141 14 AFP [HONG KONG] A Hong Kong company owned by the family of Macau casino tycoon Stanley Ho is investing up to a 30 per cent stake in Air Macau's planned US$3O million low-cost airline, a press report said yesterday. Shim Tak Holdings
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    • Article, Illustration
      Lock icon Changi unveils new A380-ready gates
      539 14  -  By VEN SREENIVASAN [SINGAPORE] Singapore's Changi Airport yesterday unveiled the first of eleven specially-built gates capable of handling the giant Airbus A3BO aircraft. Costing some Ssls million, the gates or "fingers" enable passengers to get on the upper cabin of the new 555-seater aircraft directly
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    • Article
      Lock icon Body of stewardess found in cockpit wreckage
      229 14 AFP [ATHENS] The mystery over what caused a Cypriot airliner to crash in Greece deepened yesterday as it emerged that an air hostess had been in the cockpit when it went down, possibly trying to gain control after the pilots were incapacitated. The
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      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      1563 14 arr a— m nmn m ocgs ires —mas nr gjl^S B A Ife ilso 211 £83 ii§ QF81 1850 Dvwtn AF8067 1850 A***** 2215 Ahufrbid 5Q443 0630 8A7381 1850 2&1 jjis sis mrm Miiw OMO KL837 1450 KL838 2255 WW ***** 0630 S2082 0900 SQ324 2345
      1,563 words
  • Page 14 Miscellaneous
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      331 14 CRYPTIC CROSSWORD Feel very low from a tropical M H| HH fl| 8 Deliberately contrived outburst of criminality? (6,5) I I I I I I 1 Hi 11 Remains of a general? (4) bnj 12 One the soldier returns to af- I ter MB 15 One who throws out a
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  • SHIPPING
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      Lock icon RCL Q2 earnings surge 83% on strong cargo volumes, rates
      502 15  -  It orders 2 new vessels on heels of ambitious expansion plan By DONALD URQUHART [SINGAPORE] Riding the crest of booming intra-Asia trade, Regional Container Line posted an 83 per cent rise in second quarter net profit to 4.2 billion baht
      FILE PHOTO  -  502 words
    • Article
      Lock icon New York port booms, but security costs erode gains
      465 15 NYT [NEW YORK] Although the ports of New York and New Jersey have improved their' productivity to handle a rising flow of imports, their increased security costs since 9/11 have eroded some of the gains, according to a study released on
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      Lock icon TRANSPORT STOCKS
      292 15 SGX '000 Aug 16 Si *h Vol CH Offshore 0.40 0.01 1821 Chuan Hup 0.92 0.02 1809 Cosco Corporation 2.46 0.10 7845 CWT Distribution 0.70 0.01 29 Ezra Hldgs 1.66 0.11 2845 Fretght bnks 0 08 0.01 878 Grand Banks Yacht —0.97 unch 0 Jaya Holdings 1.21 0.05
      292 words
    • Article
      Lock icon Will consolidation pay for huge new ships?
      747 15  -  STRAIT TALK By DAVID HUGHES AN article in the e-mail newsletter Bow Wave, which covers mainly maritime insurance issues with a particular emphasis on the liner trades, caught my eye recently. It was a thoughtful piece on the future of the liner shipping
      747 words
    • Article
      Lock icon P&O Nedlloyd, Maersk Sealand to merge in Feb
      425 15  -  At same time, P&O will withdraw from Grand Alliance By DONALD URQUHART [SINGAPORE] P&O NedUoyd and Maersk Sealand will officially become Maersk Line from February 2006, the point from which P&O's involvement in the container shipping industry's Grand Alliance will also cease.
      425 words
    • Article
      Lock icon DHL Danzas Air & Ocean sees 15% rise in Asia sales
      397 15 DHL Danzas Air Ocean sees 15% rise in Asia sales Reuters (SINGAPORE] DHL Danzas Air Ocean, which handles global air and sea shipments, expects strong operating profit in Asia this year and is eyeing more acquisitions in the region to boost growth. DHL Danzas Air Ocean, part of Deutsche Post's
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      75 15 TUVALU SHIP REGISTRY 1 n QUALITY SERVICE g|ni- QJJ ALITY FLAG ■■51 1. Low taxM 4. Active rote and representation in IMO 2. Agreements with lACS members 5. Worldwide network of surveyors »tatufc^^rttflcateiT nCe f 6No restriction on nationality of ownership S. Accedes to latest international 7. Tuvalu isa party£
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  • EDITORIAL & OPINION
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      Lock icon Rushing to say 'Open Sesame'
      530 16 EDITORIAL LESS than half a decade after the bursting of the dotcom bubble comes a deal that, on the surface anyway, seems to be a throwback to that profligate time. Yahoo, one of the few genuine successes of the dotcom era, last week placed a
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      Lock icon IPR: Asia committed, but no results to show for it
      1050 16  -  Region needs to do more at both local and transnational levels to wipe out infringements By P VANDOREN Manufacturers of CDs, DVDs and software lose enormous amounts of money because their products are illegally produced and sold in all corners
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      Lock icon Beijing should look beyond economic numbers
      780 16  -  THE BOTTOM LINE FRANK CHING IN the late *****, after China had emerged from the frenzy of the Cultural Revolution and it was again politically correct to talk about development, economists and officials focused on two principal economic indices: GVIO and GVAO. They stood
      780 words
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      Lock icon When a pullout is just a ceasefire
      1699 17  -  The Israeli 'disengagement' is not a peace agreement but a tactical and 'cost effective' move to freeze the peace process LEON HADAR Washington Correspondent THE unilateral Israeli withdrawal or "disengagement" from the Gaza Strip and the evacuation of about 9,000 Jewish settlers from
      AP  -  1,699 words
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      Lock icon Implications of 5-day cheque clearing week
      193 17  -  LETTERS TO THE EDITOR Lee Yow Jinn Singapore I REFER to your recent report, "Business concerned over 5-day cheque clearing" (BT, July! 5). A 5-day clearing week with staf£ involved no longer required to work on* Saturdays has implications beyond just clearing. Cheques, if
      193 words
    • Article
      Lock icon Review president's eligibility criteria
      95 17  -  Leong Sze Hian Singapore THE presidential election will not be contested because the other three applicants did not qualify for the certificate of eligibility. If for two consecutive elections, not a single qualified Singaporean was prepared to come forward to serve our country, then perhaps we
      95 words
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      Lock icon Govt should look into outdoor 'mist' coolers
      163 17  -  Tan Kok Tim Singapore ON April 25. 2004, I suggested the use of piped cool air along the walkways at Marina Bay. I saw these kind of installations at the 2005 World Expo (above) in Aichi, Japan, on Aug 9. I am impressed.
      163 words
    • Article
      Lock icon US economy still steaming ahead despite oil surge
      630 17  -  By DAVID PAULY Bloomberg STILL baffled because rising shortterm interest rates haven't slowed the US economy, economic forecasters now have to be wondering why record oil prices haven't done the job either. Oil has jumped almost by half in the past 12
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      103 17 HAVE YOUR SAY Fax your letters to 6319-8277 or email them to btletter@sph.com.sg or write to: The Business Times, SPH HQ, 1000 Toa Payoh Worth, 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
    9936 18 SCX MAINBOARP 52-tNk Ttl Last Vol Day UctQuota GrOfv Dtv 6rVM Nat MCap High tow Coda Company Sate W- ("OOP) High Low layer SaBar Cvr Wt hail 10 3 5716 1st Software Sc 3 unch 200 3 3 2.5 3.5 12.1 30 10 3148 8TelecomUS2c 10.5 -0.5 3590
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  • Article
    Lock icon FINANCE & COMMODITIES
    6297 19 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES la local curt In SS In US$ dy yr dy yr dy Syr Aug 15 Index Change Change Change Change Change Change World Index Preliminary 907.2 -0.1 6.4 02 47 -03 3.0 t EAFE Prefrninary 863.1 0.0 11.7 0.1 5.5 -0.4 3.8 Europe
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      1153 20 i* lFi jlL NYK GROUP SOUTH ASIA PTE LTD tSa TT S LIME Fax:6292 2856(Regionalsales)/6239 7109(OPS)/6299 5785(Documentation) V NIPPON YUSEN KAISHA TOKYO K>»AKU KASHA. ITO (C/R NO: **********0E) *****1 Wabttof wwv».wnotorfin««.tom Eurooe NOf- Sun Ufß Asia Shanghai •MM Vwml I tWt I V«T W* I ttwwwf* «*>«*■ Mufrw Hwtwi AMwrnp
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      827 20 jINTHIASU ROUP SIRVKE VfSSB/VOT umn) HBGHTIM) PKG KH Kl *T STRAITS VENTUKEI7/05 15 3.2 11/ M 21/08 25/ M M/ 08 30/08 STtAfTS VENTURE lt/OS 15 3.2 01/W 04/09 08/09 11/09 13/09. STRAnS VEWTURE »/D5 15 3.2 15/ M 18/09 22/09 25/09 27/09 I AUSTRALIAN RORO SERVICE VBSa/VOY 1 KAMP(KT)
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      1045 21 www.hflmburimd.cOT ua sawa (export) ETA ETA ETA m ranuS smcapore misume sydmy melmurne ucukk rornuKC vmuoti wmam stwwt muoutwi Aatmot CAIYUW HE O*2S )«/08 19/08 79/00 31/0» 03/09 06/09 CAI TUN Ht Q63S 15/09 16/09 26/09 M/W 01/10 04/10 CAf >BNGA 514$ 15/01 24/0t 05/09 07/09 10/09 13/09 CAP tSIIGA
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      1228 21 rasa voy srn jkt HK[iSTi( kyw rus vbsh. voy|sin jkt sui hkc ush pus KY VLADIVOSTOK 143S 11/ l 20/8 25/1 27/1 H/l 11/1 31/1 KMTC MSA* 51*S 21/1 24/8 25/8 30/8 3/9 4/9 Iff PHOGKSS IQOS 25/1 27/1 1/9 3/9 5/9 7/9 7/9 KMTC SINGAPORE 512S 28/1 31/1 1/9
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      916 21 W Sfc WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICD POINTS YtSStl VOT SIM P.KLANG COLOMBO It SHEVA COLOMBO iQMIW Y?WOt9 VI AUG 30 AUG Q? SEP QLUE HUB INBIM6AMDHI StM.Jftg- 06 Sif MET _Jlg liitf— HAJH GANDHI 0096W 12 SEP 13SEf li SEP 22i£P ALSO
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      894 22 IUM wallenius wilhelmsen website: http://www.2wglobal.com ik mo warn i* w mi <m mc «w aoi TOM I AFS2I 40OTaas 6JOM I 19/0* 11/09 10/09 234/0* JO/09 21/09 TAMPA Af522 420Tmh 6.4 M I 24/00 20/00 20/00 03/10 00/10 00/10 TAWOU AISI9 |400iw» 6.3 M 05/00 12/10 14/10 17/10 10/10 Hm
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      1350 22 vKsa vor sm reu vpsa vgr sm jkt >>AC MUM IS33M 12/— 12/01 PX WHAM Mil ~il7oi 14/00 Mf HUM i'j4n 11/01 14/aa PACOAU 417* 17/01 20/00 I Itt HI ?T iTt fw TT in x/rnx a a'fax CV 2301 OWf 13/ M 15/— PK*nm Ml? 20/ M 23/00 hkmw*
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      561 22 BSA 0 MYANMA nHRH FIVE STAR UNE (Myo—or Natieaol Um) Lm£n§ fer Ti|w vissa vor sm ra m ku PAGAN 34tW SID PAGAN 34 fW SU> IN RUUAYSIA: IOUSTIAO SHIPPING AGENCIES KUI/PUL 03-300 SUM PEN: 04-2633<15 ACCEPTING CONVENTIONAL C6O VESS& VOY HKG SM PGU PU KUC RMRME EMRUM 23 SID
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  • THE BUSINESS TIMES SHIPPING TIMES
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      9046 23 ETA ETA Advartiur V«»sel Voyy T J£S5!!J* SIN itot'n mSH! T I'. I) nn 23/09 12/10 TASMAN TASMAN PATHFINDER *****7 *****28* To ABIDJAN (ABJ) 2003 Cote D'lvoire oi/io 20n0 tasman tasman challenger *****8 *****288 26/06 30/09 China Shpg CMA CGM KOMOOO SX163W *****898 27/08
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      442 23 Guaranteed Sailing! I Service from Singapore to: I Los Angeles Keelung I Weekly Consol. Twice weekly I Mon cut-off. Consol. I 14 days transit. on Th urs cu t-off I HUB MARINE PTE LTD BOOKING: *****375/718 MAINLINE: *****866 FAX: *****066 OPfl CODE "OZ" CR NO **********0Z MARKETING SALES: KELVIN CNUA;
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      532 23 FREIGHT LINKS EXPRESS PTE LTD 51 Penjuru Rood, 3rd Level, Freight Links Express Logisticentre, Singapore *****3 Tel: *****511 Fax: *****577 ATTRACTIVE RATES TO: Bgsuj3jH ALEXANDRIA GENOA KEELUNG KAOHStUNG Lf HAVRE MALTA MAHE MARSEILLE BjljV CEBU DALIAN HONG KONG JAKARTA ■■Ufe CMNGOAO SHANGHAI SURABAYA 'Mr ImH| Hilton *****494/5504/5535/5541/5553/5561/5551/5569/5565/5580/5560/5508/5578/5514/5563 PROJECT HEAVYUFT CARGO
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      55 23 G LINES H EN Kl f As Agonh: CROSSEAST SHWPINO PTf (ID operator cod* GK CI HO: 771 3202 0000 M W: 4327 17N Fox: 6327 ISM mwfc ti nil r»njg *«SJT£ ww».gß*Usnunr KUCHMO -WBKLY SAUNQ KOtA tONAIALU, MKTIAJU 10 DATS SMUNO llawa jQHOt I Sisit 1 MBJUU mi4K OS/Of
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      276 23 ißgajtf wasam mMRH TIGER WAVE 31 ON 20-21/08 26-28/08 03-04/09 ■MUiiUI TIGER PURL 31 IN 23-24/08 304)1/09 06-07/09 1 TTffj TIGER SEA 312N 27-28/08 02-04/09 10-11/09 I TIGER SKY 313N 30 31/08 06-08/09 13-14/09 I 314N 03-04/09 09-11/09 17-18/09 1 ■sS23?HiroS^^^3s^iTiB^nn7^^4swl HMMRMI TIGER SPIRIT 107 1 8-19/08 27-29/08 06-07/09 ■USUIUINDEPENDSPI
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  • MOTORING
    • Article, Illustration
      Lock icon YHI sees good growth via American tie-up
      497 25  -  Wheel distributor offers immediate US network, share of lucrative market Reports by SAMUEL EE YHI International's joint venture with an American wheel distributor will have the two-fold aim of immediately securing a distribution network in the US, and getting that lucrative market to
      PHOTOS: WILLIAM WHEY  -  497 words
    • Article, Illustration
      Lock icon Let the good times roll
      333 25 YHI International is hoping to boost future financial performance by strengthening its geographical presence in the US, The manufacturer and distributor of alloy wheels and tyres announced plans to set up a joint venture company in the world's largest automotive market when it released its
      333 words
    • Article, Illustration
      Lock icon GM to develop small cars from Korea
      483 25  -  By SAMUEL EE GENERAL Motors, the world's biggest carmaker, has put its Korean subsidiary in charge of compact car development for the entire group. "GM Daewoo Auto Technology Co will take full charge of compact car development for GM and its affiliates around
      483 words
  • Page 25 Advertisements
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      88 25 Last year, 113 cars were stolen in Singapore and 8,624 cars were stolen in Malaysia! (Singapore Police Fore* and Royal Malaysia Police JarvDec 2004 Statistics) Cars were stolen even with Steering Wheel Lock, Car Alarms and Immobilizers installed. Car thieves can easily tow your car away or steal it by
      88 words
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      767 25 ■KIOTPPSHB Call toll-free 1800 289 8822 Email: notlccsgsph.eoffl.gg In tK« Mntt«r of IN THE MATTER OF The Com£n™£ Cop 50 THE COMPANIES ACT, CHAPTER 50 And In the Matter of INFORMATION FRONTIERS PTE LTD IN THE MATTER OF (Company No *****6423R) 1) SHARPE ELECTRIC CONTROLS (S) (In Members' Voluntary liquidation)
      767 words
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      914 25 To tdvtrtfac call toll-free 1800 289 8822 Email: notice»»spfa.com-sg i #DEvmmnnN ECO-THERMAL LIMITED DEVOTION ECO-THERMAL LIMITED (Incorporated in the Republic of Singapore on 15 October 2002) (Company Registration Number: *****8977 M) NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the shareholders of the Company will be held on
      914 words
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  • EXECUTIVE MONEY
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      Lock icon Where the money is this autumn
      1141 26  -  MONEY MATTERS MICHAEL PREISS THE current stock market rally on Wall Street is notable both for its breadth and momentum, despite oil prices of above US$62, terrorist outrages in Europe and the Middle East, and the near certainly of additional Fed tightening. After a
      PHOTOS: AFP  -  1,141 words
    • Article
      Lock icon The UCITS transition
      402 27  -  By Ch Boon Lee Standard Poor's Associate, Fund Services Implications for Singapore A QUIET revolution is occurring in the European funds arena that could have implications on how unit trusts are managed by Singapore-based money managers in the near future. From now till end-2006, the European Commission,
      402 words
    • Article
      Lock icon Further deductions possible
      1012 27  -  YOU ft THE TAXMAN TAN LEE KHOON and WILLIAM CHUA look at some overlooked opportunities for double tax deductions TAN LEE KHOON, WILLIAM CHUA By ERNST a YOUNG SINGAPORE has a wide range of tax incentives to attract multinational companies to locate their businesses here. A lesser
      By ERNST a YOUNG  -  1,012 words
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      Lock icon UNIT TRUSTS & FUNDS
      4318 27 UNIT TRUSTS FUNDS Citi Pan-Europe Equity Fund 131 Crt6etect Asia TiH Balanced... 1.42/ CitiSelect Asia Tilt Growflh 1.4/ AM Ainro Asset Mgt (S port) CitiSetect Asa Tilt EnhGrth 1.33/ Star Europe Eqty'** .-0.843/ citiSelect Global Growth 1.16/ 5ta< Europe Bond 1242/ Citi Global Healthcare Find 0.98/ Star Euope Bal 149T
      4,318 words
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      Lock icon Would you pay for financial advice?
      1270 28  -  GENEVIEVE CUA on the growing trend of Singaporeans who pay for investment accounts with financial advisers GENEVIEVE CUA MOST Singaporeans may baulk at the idea of paying a fee for advice, but the number of those who open investment "wrap" accounts at any of
      Source: Compiled by BT  -  1,270 words
    • Article
      Lock icon New IncomeShield plan
      295 28  -  By GENEVIEVE CUA NTUC Income, just awarded the MediShield Plus portfolio, is mulling over the introduction of yet another plan under its Income Shield range. The new plan is expected to offer greater benefits than Income Shield Plan A, which is currently the highest tier in terms
      295 words
    • Article
      Lock icon Some rules to retire by
      809 28  -  Here's how you can keep the gold coming in the golden years By LINDA STERN Reuters HOW are you supposed to invest after you stop working? Retirees used to think that question had a one-word answer: bonds. And a one-rule strategy: Never spend principal. But
      Reuters  -  809 words
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      327 26 mm- jfr mMMF^i I i f Id&Ir J iKW +XifillhTTfllM JH a. i I ci* H BHi^^H^^^^^BfL: I SMEs decision-makers will share their H|' experiences in investing in China and India. Businesses that are keen to invest overseas will learn about common pitfalls >, that they should avoid and how
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      70 26 V.iliir Mr.ils .h ftV/..%4t urn |»r» iirm llilli I In i* i hou r ul i «»lI rrir.i/sol iiliiiil** Mc'IHI N.ISI Ciorvinj 9 H.nn.most- Chukoh Ru'c* >m K;>tvu Don K.-jmpoiuj I i ic'il fiu'O Slu*<-J Mr.h Thu k IVHiO'om Soup SlIUJ.ipOH' I Knoii Hwi Style To.nv Th.iil unlloii Chiokc'n vvitfi
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      76 26 T asteofHome yWWM Exclusively in the month of August, you'll j get to feast on some of our best-loved and most well-known local fare that has made Singapore a food paradise! There is a wide selection of favourites to choose from, including Prawn Mee, Cuttlefish and Kangjcong, Satay Bee Hoon,
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      45 26 THE NEPTUNE COLLYER QJJAY ATTHE NEPTUNE Enjoy excellent lunch and dian xin served on trolleys. Reservations: 6224 3922 A division o< Overseas Union Enterprise Limited (Company Registration N0.*****0050£) Managed by Meritus Mandarin Singapore 7th Floor, Overseas Union House, Colfyer Quay Singapore *****1 Tel:+6s 6224 3922
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      27 27 PIMCO Global Real Return Fund a fund that is hedged against global inflation. Allianz (fij) Rated 5-star by Mercer Investment Consulting Global investors J company no *****7169Z
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      123 28 The catalyst We open the window to opportunities. The possibilities are limitless. You make them happen. Join us.' Grow with us. f <' Write to us at fy.pcdareer@sg.abnamro.com n ABN AMRO Private Banking or visit us at www.abnamroprivatebanking.com/asia ■mm .jhi a- atr r--^a— OT wB m' HI |jttk 9 f-
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      10 28 MONEY MATTERS Where the money is this autumn pg 26
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