The Business Times, 25 August 2005
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2005-08-25
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The Business Times
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Title Section15 2005-08-25 1 THE BUSINESS TIMES Thursday, August 25,2005 SINGAPORE 85 cents online at http://business-times.asial.com.sg MICA (P) 089/03/200515 words
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Article, Illustration594 2005-08-25 1 SAMUEL EE - Seven to get headquarters status this year, a sharp rise from last two years By SAMUEL EE [SINGAPORE] Singapore is stepping on the gas en route to becoming a major regional automotive hub. Seven auto-related multinational companies are set for corporate headquarters status this594 words
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Article139 2005-08-25 1 STI 2,278.35 (-11.31) ST INDEX FUTURES 2,272.00 (-11.00) SIMSCI 270.23 (-1.43) SIMSCI FUTURES 269.70 (-1.30) MARKETS Wednesday Change KLSECOMP 926.08 42.29 NIKKEI 225 12,502.26 +29.33 HANG SENG 14,873.85 -100.04 SET INDEX 695.67 +5.28 JAKARTA COMP 1,035.44 -30.65 MANILA COMP 1.924.15 -19.61 SEOUL COMP 1.094.21 -21.63 SHENZHEN B 226.69139 words
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Article, Illustration743 2005-08-25 1 VEN SREENIVASAN - Tuesday's Court of Appeal award opens door to other claimants: lawyers By VEN SREENIVASAN [SINGAPORE] Raffles Town Club Pte Ltd would have to pay $57 million if all 19,000 of its club members were to insist on compensation for diminution743 words
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Page 1 Advertisements
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Advertisement8 2005-08-25 1 COMMENTARY Shedding light on a Unifiber mystery PG68 words
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Advertisement14 2005-08-25 1 RETAIL WORLD BANK CHIEF Jf Ri The big spender with a small purse PGIS14 words
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Advertisement158 2005-08-25 1 WORKSPACE Offices that match the rhythms of work PG3O Wherever adventure beckons... f hop*Rl^ AIIKIMAI liffc I 1 un z w ■f ji HV |*f W LUC Pro »)ni- v £os.' W horlof'f-tu: 11..-. (~>,-...1 wt *2/ m V tf-rKr,K.i; a solid <4<;» li.ml > Ur»i«Jlf*'<t.«#ri.ii *>« /< I *'if158 words
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Advertisement10 2005-08-25 1 US DOLLAR fH L Two analysts' opposing views m PG410 words
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TOP STORIES
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Article728 2005-08-25 2 Malaysia's slower Q2 growth worries analysts GROWTH in the Malaysian economy has begun to slow visibly. Expansion in the second quarter came to 4.1 per cent, in inflation-adjusted gross domestic product terms. This is sharply lower than the 5.7 per cent of the first quarter and 7.1 per728 words
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593 2005-08-25 2 China Construction Bank earlier said Temasek would invest US$1b in IPO Bloomberg [HONG KONG] Temasek Holdings may double its investment in China Construction Bank to US$2.4 billion as part of a plan to expand overseas and reduce shareholdings in the city'sBloomberg - 593 words
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Article, Illustration519 2005-08-25 2 KALPANA RASHIWALA - By KALPANA RASHIWALA [SINGAPORE] Takashimaya, operator of Singapore's biggest department store, expects another year of record sales and profits, its managing director Shuichi Tezuka has told BT. He is predicting full-year sales of about $450-480 million, which would be up 4ARTHUR LEE; Compiled by BT - 519 words
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605 2005-08-25 4 S JAYASANKARAN - Clipped pace of 4.1% could mean even poorer performance in Q3 By S JAYASANKARAN in Kuala Lumpur THE Malaysian Bcimamy has begun to slow visibly. It expanded by 4.1 per cent in inflation-adjusted gross domestic product terms in the year's second quarter, sharply lower.than605 words
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Article, Illustration1051 2005-08-25 4 NANDE KHIN - US dollar: Two opposing views Reports by NANDE KHIN [SINGAPORE] The US dollar bears have got it wrong, says Morgan Stanley currency strategist Stephen Jen. According to him, the greenback is likely to stay strong for at least the next two1,051 words
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Article, Illustration794 2005-08-25 4 Cooling of global economy will not be a bad thing [SINGAPORE] The world economy will experience a "welcomed slowdown" next year, stemming from a modest deceleration of the US economy. And with oil prices close to peaking, no immediate risks threaten toPHOTOS: ARTHUR LEE - 794 words
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Advertisement49 2005-08-25 2 r C RimowA) THE LUGGAGE WITH THE GROOVES Made in Germany f 2fSSS KN9H^^S3«mitJ' i» 111 Uli »«b ifi fwmaWMMMwam K Rimowa Boutique 402 Orchard Road, #01-05, 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.sg49 words
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Advertisement140 2005-08-25 2 re-grip on TOP DRIVER Sheam Chuo for THE fr $5 No driver has 60mm face height playing wei in the J mmm recent us Ample choice of texture and sizes, /s/o driver /s so forgiving <S long, ampeaxn Performance field-tested. olso be fixed onto your Junior Set own or any140 words
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Advertisement317 2005-08-25 3 CZMRY Success in Motion jjEMfiBHygBf*aBJIKMfIMBBWBgByy|EjM i m£. HLS y fc i^aßß MPTMlllHrl W JNMr I w >. 85P? *v -t j&fr* !•'JL S/ trr aKc* f ,=>jJ^B \**~i f&; n IK sin > b v> §M iH r i '^l t f /J&2£§ ilflF I ...J* •&»•.< f*t 1 ME?lfe.'^~317 words
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Advertisement190 2005-08-25 5 THE LIGHT OF MONDIAL AN ICON OF SUCCESS \Pi v fct V MONDIAL V Fall in love with the Light of Mondial Confidence i* E\er\thim; Jj \x WtM, \ours with prick'in the knowledge :h,it \ou oun l,.h: f jiloilbUll S QJUlflUC (P>tUirillltCC one ot the rarest. most magnifkent diamonds hi190 words
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COMPANY NEWS
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Article, Illustration562 2005-08-25 6 EDDIE TOH - John Gokongwei ups stake to 29.588%, reviving takeover talk By EDDIE TOH A TAKEOVER of Singaporelisted property giant United Industrial Corporation may not be imminent, even though Filipino tycoon John Gokongwei has emerged with a stake a shade below 30 per cent. "Things are562 words
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732 2005-08-25 6 R SIVANITHY - HOCK LOCK SIEW By R SIVANITHY HEN the share price performance of W United Fiber System (Unifiber) is juxtaposed against the disclosures the company has made in recent months, the result is one of the greatest mysteries seen in the local market this year.732 words
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Article42 2005-08-25 6 UNIT TRUSTS FUNDS LEGEND: All prices are indicative; Broadly Diversified; Narowly Focused; S Lower Risk; Low to Medium Risk: Medium to High Risk; Higher Risk; open-ended; Before subdivision of units; After subdivision of units; SP after stock split; N.A. Non Dealing Day42 words
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Article, Illustration503 2005-08-25 7 CHEN HUIFEN - Firm is hoping to complete reverse takeover deal with The Winning Group By CHEN HUIFEN SESDAQ-LISTED Wee Poh Holdings has narrowed its full-year loss to $5.7 million, and said it is now ready to enter "a brand new chapter" of its503 words
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417 2005-08-25 7 RONNIE LIM - Project also has Malaysian, Thai and Aussie partners By RONNIE LIM SINGAPORE Petroleum Company which is fast expanding its exploration and production (E&P) activities will search for oil and gas off Cambodia for the first time, through a joint venture that417 words
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200 2005-08-25 7 CHEN HUIFEN - By CHEN HUIFEN INFORMATICS Holdings chief financial officer (CFO) Raymond Quek Hiong How is leaving the company to "further his career aspirations", the group announced yesterday. Mr Quek's resignation takes effect on Sept 15. A former CFO at Keppel Telecommunications Transportation, Mr Quek joined Informatics200 words
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398 2005-08-25 7 GENEVIEVE CUA - By GENEVIEVE CUA OCBC has rolled out a new structured deposit series, offering the shortest tenor among similar deposits one year. Other SDs in the market have tenors ranging from five to seven years, or longer. The new product, called "Al", is398 words
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243 2005-08-25 9 JEAN CHUA - CORPORATE RESULTS Stable steel prices and strong demand cited as factors By JEAN CHUA DESPITE a shorter 11month period for its financial year ended June 30, 2005 because of a financial year-end change hardware and steel goods supplier Hup Seng Huat has243 words
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Article386 2005-08-25 9 AMIT ROY CHOUDHURY - By AMIT ROY CHOUDHURY HARD disk drive components maker MMI Holdings has posted a near four-fold surge in net profit to a quarterly record $13 million for the three months ended June 30. The fourth quarter year-on-year earnings jump came as revenue shot up386 words
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215 2005-08-25 9 Reuters SINGAPORE, Asia's third-largest real estate investment trust (Reit) market, could see another US$l.l billion worth of listed property trusts entering the market in the next six to nine months, investment bank ÜBS said in a report. The city-state's six listedReuters - 215 words
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COMPANY BRIEFS
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89 2005-08-25 9 KIAN Ann Engineering has reported a 63 per cent rise in full-year net profit to $6.8 million. Revenue for the 12 months ended June 30 dipped 3 per cent to 112.4 million, mainly because it sold a subsidiary in December last year.89 words
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93 2005-08-25 9 SECOND Chance Properties has reported a 12.79 per cent gain in net profit for the full year ended June 30. Net profit came in at 10 million, as revenue rose 8.31 per cent to $39,093 million. Second Chance said this was due to the stronger93 words
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115 2005-08-25 9 ENG Kong Holdings has reported a 82 per cent drop in net profit for its financial year ended June 30 to $1.06 million, from $5.98 million in the preceding year. Sales went up 7 per cent to $49.39 million, thanks to demand for115 words
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Article46 2005-08-25 9 ADROIT Innovations has narrowed its loss for the year ended June 30 to $1.69 million from the previous year's $6.68 million. Operating revenue went up 11 per cent to $1.7 million, thanks mostly to the sterilisation services segment in Indonesia.46 words
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52 2005-08-25 9 TAIWAN-BASED chip-testing company Global Testing Corp (GTC) saw its shares fall about 8 per cent on its first day of trading on the mainboard yesterday. The counter closed at 27.5 cents down from its IPO price of 30 cents with 111 million shares52 words
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57 2005-08-25 9 FIRSTLINK Investments is preparing the sale of its industrial building at 506 Chai Chee Lane and its New Zealand airport hotel by way of tender which is expected to close on Sept 28. The proposed sale is subject to shareholders' approval at57 words
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46 2005-08-25 9 SESDAQ-LISTED Advanced Holdings has received in-principle approval from the Singapore Exchange for its 3-for-10 bonus issue. The company proposed earlier this month a bonus issue of 25.9 million new shares of four cents each to expand its capital base.46 words
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Advertisement17 2005-08-25 6 Allianz® PIMCO Emerging Markets Bond Fund rated 5-star by Mercer Investment Consulting Global investors company reijn.no *****7169Z17 words
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Advertisement145 2005-08-25 7 ~\l, 4 J v *pf .IP" oJ ywf WmF I viK bj Hi Jfr JP* h more than W re 9' ons n 2004, hmß3&£!&-Iww another blockbuster you're after new Br developments or looklh®*Bie^in^^*^^^K SHBsSH partners, the fair provides^MßS^fiß^SlßßWß jofe. Asia for buyers everywhere. BfHHKgr.. electronic Asia features value-added help145 words
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Advertisement103 2005-08-25 7 .i v> v .v. t i finformation MMiom in 2006: As a partnership between two leading Singapore universities, the Kellogg-HKUST Executive September 5 MBA program provides the best executive The Fullerton Singapore education that Asia and the US can offer. .j; Tokyo Recently ranked N0.6 in the world by the103 words
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SINGAPORE MARKETS
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Article, Illustration492 2005-08-25 8 R SIVANITHY - STOCKS Rupiah fall weighs on Jardine C&C, but analysts divided over NOL R SIVANITHY Senior Correspondent THE Singapore market already unnerved by the softness in equities of late, the spectre of oil above US$66 per barrel and the possibility that earnings might haveSource: Bloomberg - 492 words
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TRADES TO WATCH
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400 2005-08-25 8 THE Capital Group of Companies has had its deemed interest in ComfortDelGro raised from 5.6092 per cent to 6.0290 per cent, after 8.776 million shares were bought at an undisclosed price on the open market last Wednesday and Thursday. The Capital Group now owns 124.432400 words
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99 2005-08-25 8 JEAN CHUA - Compiled by JEAN CHUA SEE Hoy Chan Equities has raised its stake in Guangzhao Industrial Forest Biotechnology for the second time in a week. Last Wednesday, See Hoy Chan increased its interest in the tree grower from 12.63 per cent to99 words
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Article, Illustration424 2005-08-25 8 OTHER SINGAPORE INDICES Aug 24 VALUE CLOSE BT OB/OS -470.00 -35.00 BT CADI -*****.00 -98.00 BT 10-day MA -*****.00 -47.00 All-SG Equities 585.22 -2.70 SG Equities Elect 135.16 -0.50 SG Equities Fin 1631.22 -6.24 SG Equities Prop 655.04 -1.28 SIMSCI 270.23 -1.43 SiMSCI Futures 269.70 -1.30 MOST ACTIVE STOCKS VOLUME424 words
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Article, Illustration912 2005-08-25 8 VEN SREENIVASAN - Compiled by VEN SREENIVASAN ELEC Eltek has reported 4Q05 net profit of US$l2.3 million (-1.3 per cent y-o-y, +50.1 per cent q-o-a), and revenue of U*****.2 (+14.8 per cent y-o-y, +10.6 per centjj-o-q). Full-year revenue and net profit were U*****.5 million (+23.5 4»er cent y-o-y) and U5542.6 millionSource: Bloomberg - 912 words
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Article, Illustration522 2005-08-25 8 LARRY WEE - CURRENCIES LARRY WEE Senior Correspondent AN explosive overnight spike in oil prices took its toll on Asian currencies in Asia yesterday, with the Indonesian rupiah and Jakarta stocks suffering the worst fall-out by far. Despite what traders described as "fairly heavy" intervention bySource - 522 words
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Advertisement55 2005-08-25 9 w t important event ip the iLJg ountries are expected to J developments in design, nd nthftr rcnnwnfvl 4 1 .1 A/QTOt* onfi t yj to a u t I J Organised by: In cooperation with: Sponsored by: Supported by: PUB JfyfJux' 3 Nanvang gg a Water for All .Conserve,55 words
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SINGAPORE NEWS
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296 2005-08-25 10 HOMEGROWN Inter-Active Media will begin distributing its Phone Drives a device which allows users to make telephone calls with a PC, speaker and microphone in Europe after signing on a Hungarian partner which will sell the product in countries296 words
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Article, Illustration492 2005-08-25 10 DANIEL BUENAS - US professor says they're unlikely to have expertise for higher positions not initially, at least By DANIEL BUENAS THE proposed integrated resorts are expected to generate some 10,000 jobs, but most of the mid-level and senior positions are unlikely to be filled492 words
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Article455 2005-08-25 10 JEAN CHUA - By JEAN CHUA THE Court of Appeal has dismissed the appeal of Karaha Bodas Company (KBC) in its case against Pertamina Energy Trading Limited (Petral) and a Singapore firm and the matter will now revert to the High Court, which will determine the damages that455 words
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Advertisement1189 2005-08-25 10 I w Indian Bank (Wholly owned by Government of India) Head Office: 66 Rajaji Salai, Chennai 600 001 India) 1 BALANCE SHEET AS ON 31" MARCH, 2005 H (Rs in thousands) 1 AS ON 31 03 2005 AS ON 31 03 2004 CAPITAL AND LIABILITIES I CaDital 4573 96 001,189 words
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Advertisement560 2005-08-25 10 Xavex SICAV SICAV under Part 1 of the law of 30 March 1988 concerning undertakings tor collective investment Registered Office 69, route d'Esch, L-1470 Luxembourg R.C.S. Luxembourg B-85.828 The Shareholders of Xavex SICAV (the "Company") are hereby informed that, at the extraordinary general fneetinjjl of shareholders of the Company held560 words
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Advertisement109 2005-08-25 10 Our qualified professionals can assist you with offshore structures, shelf companies and incorporations in ALL Cayman Islands BahanSßCS Mauritius Hongkong Samoa Full nominee, management, secretarial, banking and corporate administration services are available. We also specialize in offshore trusts for assets protection estate planning. For further information and immediate service please109 words
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FOCUS: SERVICES
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Article1619 2005-08-25 11 ANNA TEO - PUBLIC PRIVATE PARTNERSHIPS Public Private Partnerships (PPP) may be a fairly new concept in Singapore. But Timothy Stone, chairman of KPMG's Financing Group and a PPP pioneer, tells ANNA TEO why it is a most powerful technique for infrastructure development ANNA TEO IT STARTED1,619 words
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Page 11 Advertisements
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Advertisement65 2005-08-25 11 M i^ The Straits Times Recruit The first step on your ladder to success EES B j L FIND THE ONES m THAT FH! u N Recruit the right people through p f" The Straits Times Recruit Call 1800 289 8822 or email -*j J recruit@sph.com.sg to advertise. v M65 words
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Advertisement296 2005-08-25 11 fm EMPOWER! where Professionals Learn t/tet#* potential ASSOCIATE PROFESSOR THOMAS MURRELL RON BRADFIELD MBA, CSP, University of Western Australia Consultant, Master Trainer, Scenario Thinker, Thomas is an inspiring, engaging and authentic Strategist and University Lecturer at USBS keynote speaker with a passion for helping others Ron's extensive understanding and knowledge296 words
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Advertisement277 2005-08-25 11 I kj-T Latin Asia Biz 2005 I Bridging Partnerships .4"1J1M2005 7- 8 September 2005 Meritus Mandarin Hotel, Singapore Wednesday, 7 September 2005 Keynote Addresses Bridging partnerships: Exploring links between Latin America and Asia World Bank Is there a market for my product? Reaching out to mass consumers in Latin America277 words
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ECONOMY WATCH
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568 2005-08-25 12 Salaries have crept back, centralising is hot, and jobless rate at low level Reuters [SINGAPORE] From telecommunications to banking, Asia's job market is at its tightest since the technology bubble burst five years ago, partly as companies reorganise, a leading recruitmentReuters - 568 words
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Article316 2005-08-25 12 LATEST US DATA Reuters Bloomberg [WASHINGTON] New orders for US durable goods tumbled by a larger-than-expec-ted 4.9 per cent in July, the biggest drop since January 2004, as demand for most manufactured items fell. Orders excluding volatile transportation- equipment also slipped much more than expected,Reuters; Bloomberg - 316 words
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500 2005-08-25 12 ANTHONY ROWLEY - Japan urged to open agricultural produce market By ANTHONY ROWLEY in Tokyo SOME Asean economies could be "in trouble" by the end of this year if oil prices remain at their current level, and the rate of economic growth500 words
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Article, Illustration448 2005-08-25 12 NEIL BEHRMANN - By NEIL BEHRMANN in London BRITISH, French, German, Italian and other retailers are placing pressure on the European Union to become flexible on Chinese textile import quotas. They fear that stores will have inadequate stocks to meet the autumn demand forFILE PHOTO - 448 words
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337 2005-08-25 12 Bloomberg [KUALA LUMPUR] Malaysia's central bank will slow the pace of interest-rate increases as inflationary pressures ease after the nation scrapped its currency peg to the US dollar, according to a Bloomberg survey. Bank Negara Malaysia may raise its key policy rateBloomberg - 337 words
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Advertisement856 2005-08-25 12 IN THE MATTER OF IN THE MATTER OF en ST TREASURY SERVICES LIMITED THE COMPANIES ACT CAP. 50 THEC OMPANIES ACT, O? y f/TT. 201« MTQ CORPORATION LIMITED IN THE matter OF and OF REPUBLIC national I Series N0.004 (the "Notes") in the FfEEEpFH STROVEN PTE LTD IfSSK (Co. Reg.856 words
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MALAYSIA
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578 2005-08-25 13 PAULINE NG - Official sees chance of Kedah plant getting another RM3.8b by 2008-09 By PAULINE NG in Kuala Lumpur GERMANY'S Infineon Technologies gave Malaysia's wafer fabrication ambitions a further shot in the arm yesterday when it declared that it could double its initial RM3.B billion578 words
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162 2005-08-25 13 AFP [SYDNEY] Negotiations on a free-trade agreement (FTA) between Australia and Malaysia will top the agenda at a ministerial meeting starting in Kuala Lumpur today, Australian Trade Minister Mark Vaile said. Mr Vaile and his Malaysian counterpart Rafidah Aziz will co-chair the two-day Australia-Malay-siaAFP - 162 words
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NOTE BOOK
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45 2005-08-25 13 Bloomberg [NEW DELHI] India has not taken a final decision on allowing foreign direct investment in local retail businesses, Trade Minister Kamal Nath said in New. Delhi. India currently bars foreign investment in the industry. —BloombergBloomberg - 45 words
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78 2005-08-25 13 Reuters Insurer AIG and Amvescap pic unit Invesco have won joint control of their Chinese fund management firms. AIG Global Investment Corp won approval to raise its stake in a US$ 12 million venture with Huatai Securities to 49 per cent from aReuters - 78 words
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50 2005-08-25 13 Bloomberg [BEIJING] PetroChina Co said first-half profit rose 36 per cent as oil prices surged and China's expansion increased demand for fuels. Net income increased to 61.6 billion yuan (S$ 12.7 billion), from 45.3 billion yuan a year earlier, the oil company said yesterday.Bloomberg - 50 words
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Article, Illustration352 2005-08-25 13 AFP [KUALA LUMPUR] The government yesterday criticised national carrier Malaysia Airlines for its recent heavy losses and urged the new management team to revive the fortunes of the airline. "We are not happy with the performance although we know that there are reasons,"AFP; THE STAR - 352 words
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357 2005-08-25 13 [KUALA LUMPUR] THE MALAYSIAN banking sector might be heading for another round of consolidation and six banks are potential takeover targets, says an article in the New Straits Times, quoting an international investment bank report. JP Morgan said present conditions are357 words
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366 2005-08-25 13 [KUALA LUMPUR] Plantation company Kulim (Malaysia) Bhd, the largest shareholder of QSR Brands Bhd, may disappoint investors and avoid buying all of the fast food group's shares, the Malaysian Business Times reported sources as saying. According to the sources, Kulim, which now366 words
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Advertisement288 2005-08-25 13 Prime Residential Redevelopment Site in District 15 St Patrick's View St Patrick's Road Site area: 7,712.25q m (83,013 sq ft) <■ ■mini i I •MP 1958 1980 Equivalent Plot Ratio K Ma!i 9 tt of 1.372 P I I St Patrick'l 1 S* «<*» MP 2003 Plot Ratio of 1.4288 words
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Advertisement62 2005-08-25 13 3 MERITUS MANDARIN SINGAPORE Thai Temptations Buffet Lunch: 12:00 noon to 4:30 pm Weekdays $24.80*(Adult) I s.Bo*(Child) Weekends $26.80* (Adult) I 6.80* (Child) Reservations: 6831 6286/88 'Prices are subject to IOH service charge and prevailing government taxes. MERITUS MANDARIN A division of Overseas Union Enterprise Limited (Company Registration N0.*****0050E) 33362 words
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GREATER CHINA/INDIA
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Article, Illustration634 2005-08-25 14 Cooperation to be established at national, company levels, say reports AFP [NEW DELHI] China and India are keen to jointly bid for energy assets, according to reports. China have just trumped Indian ONGC-Mittal's bid to acquire prime Kazakh oil firmAFP; Source: CNPC, AFP - 634 words
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137 2005-08-25 14 AFP [SHANGHAI] China National Petroleum Corporation (CNPC), the parent company of Hong Kong-listed PetroChina, has ramped up its reserves of oil and gas after major discoveries, state press reported yesterday. Following several findings CNPC has increased its oil reserves by 300 million tonnesAFP - 137 words
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Article, Illustration429 2005-08-25 14 AMIT ROY CHOUDHURY - By AMIT ROY CHOUDHURY [SINGAPORE] The Indian state of West Bengal is seeking Singapore's expertise to develop ports, airports, logistics hubs as well as to set up special economic zones. Stating this here yesterday, the chief minister of the state. Buddhadeb Bhattacharya,429 words
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Article263 2005-08-25 14 Reuters [HONG KONG] Selected China A-shares are starting to look attractive on a valuation basis and are likely to perform well in line with China's rapid economic growth, JP Morgan said yesterday. After years of underperforming their Hong Kong-listed H-share counterparts, the valuation gap betweenReuters - 263 words
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419 2005-08-25 14 State's non-tradable shares to be listed AFP Bloomberg [SHANGHAI] China announced yesterday that it has broadened plans to divest to the public some US$2BO billion worth of state-owned stock, as it seeks to right a flawed corporate ownership structure and save its ailingAFP; Bloomberg - 419 words
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228 2005-08-25 14 AP [SHANGHAI] China's legislature plans to significantly strengthen the powers of the nation's securities regulator in a bid to boost confidence in the markets and root out corruption. The draft revision of the Securities Law would allow the China Securities Regulatory CommissionAP - 228 words
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ASIA-PACIFIC/WORLD
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Article, Illustration518 2005-08-25 15 Costs to both could be in the billions should they fail to reach an agreement AP [SAN FRANCISCO] The possibility that consumers will have to choose from two competing DVD formats next year is growing now that negotiations have broken down between theAP; AFP - 518 words
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224 2005-08-25 15 AP [TOKYO] A partnership of companies from Japan, China and South Korea will unveil a hew Linux-based operating system for local markets later this week in Beijing to challenge Microsoft Corp's dominance, a news report said yesterday. Thp new software,AP - 224 words
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WORLD WATCH
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137 2005-08-25 15 Reuters [LONDON] Britain yesterday unveiled the criteria it will use to bar foreigners it believes inspire terrorism as part of a broad crackdown on Islamist preachers after last month's bombings in London. Interior Minister Charles Clarke published a list of "unacceptable behaviours" which wouldReuters - 137 words
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123 2005-08-25 15 AP [BANGALORE] Motorola Inc chairman Edward Zander said his company plans to make phones that would let parents monitor their children's whereabouts and censor obscene content. Phones that assuage parents' concerns are also to be matched by features to attract young consumers,AP - 123 words
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106 2005-08-25 15 Bloomberg [SYDNEY] Telstra Corp, Australia's biggest telephone company, said a report in the Bulletin magazine that chief executive Sol Trujillo threatened to quit after less than two months into the job was incorrect. "It's a total fabrication, it's a lie," Telstra spokesmanBloomberg - 106 words
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54 2005-08-25 15 Bloomberg [LOS ANGELES] Lachlan Murdoch, who resigned as deputy chief operating officer of News Corp last month, stepped down from the board of the company's NDS Group unit. Lawrence Jacobs was appointed as a director of NDS, a UK-based maker of set-top televisionBloomberg - 54 words
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124 2005-08-25 15 Reuters [LONDON] Internet casino operator Cassava Enterprises aims to launch an initial public offering in London next week, the Financial Times reported yesterday. The IPO is expected to value the group at more than £700 million (Ss2.l billion), the newspaper reported, citingReuters - 124 words
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105 2005-08-25 15 Bloomberg [NEW YORK] Wal-Mart Stores, the world's biggest retailer, planned to sell US$2 billion of bonds later yesterday in its first sale of 30-year debt since February 2000, said people familiar with the offering. The company sold US$l billion of 30-year bonds onBloomberg - 105 words
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Article, Illustration877 2005-08-25 15 ANTHONY ROWLEY - ASIA INSIGHT ANTHONY ROWLEY Tokyo Correspondent THERE is a "big spender" (relatively speaking) back at the helm of the World Bank, in the person of its new president Paul Wolfowitz who has been tripping around parts of Asia, Africa and the Middle East doling877 words
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522 2005-08-25 15 Reuters [BANGKOK] Rumours swirled in army-ruled Myanmar and neighbouring Thailand yesterday that the regime's strongman Senior General Than Shwe has been ousted by a fellow commander. Reports suggested Gen Than Shwe, head of a military government that has ruled the country in variousReuters - 522 words
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Article, Illustration266 2005-08-25 15 Reuters [SAN FRANCISCO] Carly Fiorina, the ousted CEO of Hewlett-Packard Co and once the most powerful woman in business, who went from secretary to head of the world's No 2 computer maker, is writing a book. Ms Fiorina's as-yet-untitled memoir will include her views onReuters; BLOOMBERG - 266 words
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AVIATION
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Article, Illustration520 2005-08-25 16 Combined company will achieve cost savings from staff and fleet cuts Reuters [PITTSBURGH] America West Airlines' takeover of bankrupt US Airways is crucial to enabling the combined carriers to turn a profit amid record high fuel prices, America West's chief executive officerReuters; BLOOMBERG - 520 words
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159 2005-08-25 16 AP [SYDNEY] Australia's Macquarie Airports Ltd said yesterday its first half net profit fell 54 per cent to A 5157.3 million (Ssl9B million) from the same period a year ago due to the cost of complying with new financial reporting standards. The company alsoAP - 159 words
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492 2005-08-25 16 AFP [LIMA] At least 37 people were killed and 52 survived when a jetliner crashedduring a storm only seconds from landing in Peru's Amazon basin, officials said as rescue efforts were halted overnight at the rugged crash site. "There are still aAFP - 492 words
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131 2005-08-25 16 Reuters [AMSTERDAM] Amsterdam's Schiphol Airport said yesterday first-half net turnover rose 7 per cent to 443 million euros (Ss9o3 million), but operating profit rose less than one per cent due to increased security costs. First-half operating profit rose to 126.3 million euros onReuters - 131 words
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199 2005-08-25 16 Bloomberg [BANGKOK] Thai Airways International Pel, the nation's biggest airline, expects to report a profit in the fourth quarter as it collects higher fuel surcharges, carries more passengers, and cuts costs. "The company's earnings will probably turn to positive in the JulyBloomberg - 199 words
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499 2005-08-25 16 Bloomberg [LONDON] British Airways Pic, Europe's third-largest airline, agreed on a new contract with Gate Gourmet that will depend on the catering company resolving a labour dispute. British Airways said in a statement yesterday that it will sign the accord as soonBloomberg - 499 words
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Article397 2005-08-25 16 AIRLINE CODES: AA: American Airlines (AAL), AF: Air France (AFR), AI: Air India (AK), AY: Finnair Oy (FIN), AZ: Alitalia Airlines (AZA), BA: British Airways Public Ltd Co (BAW), BG: Biman Bangladesh Airlines (BBC), BI: Royal Brunei Airlines Sdn Bhd (RBA), BO: Bouraq Airlines (BOU), BR:397 words
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Page 16 Miscellaneous
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Miscellaneous196 2005-08-25 16 CRYPTIC CROSSWORD DOWN 9 Offensive sentences? (8,6) YESTERDAY'S SOLUTION 1 Meal that's about finished (6) 5 Corporate excess? (5,4) Across: 1 Attendance, 6 Rome, 10 2 Wild roses, one accepted, -|g Initially some classmates ex- Mimic, 11 Interlaid, 12 Zero Hour, have flexible twigs (6) p ec t philosophy to196 words
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SHIPPING
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Article, Illustration537 2005-08-25 17 DONALD URQUHART - Latest M&As leave it without partner; NOL could itself be an acquisition target, say analysts By DONALD URQUHART [SINGAPORE] A wave of industry consolidation has left Neptune Orient Lines "standing on the dance floor" without a suitable merger and acquisition partner,BLOOMBERG - 537 words
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414 2005-08-25 17 Bloomberg [OSLO] Frontline Ltd, the world's biggest oil-tanker company by capacity, said second-quarter profit fell 25 per cent on declining freight rates as the global tanker fleet grew faster than transport demand. Net earnings fell to U*****.5 million, or US$l.7O aBloomberg - 414 words
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648 2005-08-25 17 Bloomberg [OSLO] AP Moeller-Maersk A/S, the world's largest ship operator, may post record first-half profit on rising shipping rates and crude oil prices. Net income in the six months to June 30 rose to 11 billion kroner (Ss3 billion) under International FinancialBloomberg - 648 words
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Page 17 Advertisements
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Advertisement56 2005-08-25 17 wjgßjfßg Iof t 4 M' IP"? m g jT ''Jr M It's a fact: 70% of Chinese newspaper readers don't read English dailies. If you are not advertising in SPH Chinese newspapers, you are potentially missing out on 838,000 daily customers and influences with purchasing power. To advertise, please call56 words
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EDITORIAL & OPINION
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499 2005-08-25 18 EDITORIAL QUITE a few people must have expected both the Chinese yuan and the Malaysian ringgit to be a fair bit stronger by now about a month after both were de-pegged from the US dollar. But the reality has been something different altogether.499 words
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Article, Illustration837 2005-08-25 18 ROBERT J SAMUELSON - US system discourages hiring of older workers and frustrates their re-employment By ROBERT J SAMUELSON The Washington Post Writers Group THE Nobel-prize winning economist Robert Fogel recently told students at Cornell that "half of you (may) live to celebrate your hundredth birthday". Mr Fogel's.The Washington Post Writers Group; BLOOMBERG - 837 words
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Article, Illustration780 2005-08-25 18 ANTHONY ROWLEY - THE BOTTOM LINE ANTHONY ROWLEY Tokyo Correspondent JAPAN'S political parties have published their policy manifestoes for next month's election and there are some important differences among them. The key issue in this election, however, is not so much policy780 words
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Article, Illustration1033 2005-08-25 19 MATTHEW LYNN - Europeans face a cold winter as new limits on China imports result in clothing shortage By MATTHEW LYNN Bloomberg WITH the weather turning autumnal in Europe, you might be starting to think about filling your winter wardrobe. Don't get your hopes up about finding aBloomberg; AFP FILE PHOTO - 1,033 words
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446 2005-08-25 19 Leong Sze Hian Singapore - LETTERS TO THE EDITOR Leong Sze Hian Singapore I REFER to the article, "Some rules to retire by" (BT, Aug 17), and the report, "SIAS financial health check scheme in the works" (BT, Aug 8). The latter states that "the National Financial Literacy Survey446 words
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422 2005-08-25 19 Tan Kok Tim Singapore - Tan Kok Tim Singapore SOME years back, the Land Transport Authority rejected my suggestion to have the two-way reversal road system to improve traffic flow. Recently, someone wrote to the media about this. I suggested that LTA should study the road systems of422 words
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842 2005-08-25 19 LEO FERNANDEZ - By LEO FERNANDEZ A LOOK at trends in the United States, a precursor to our part of the world, shows the rising prevalence of Multi-Process HR Outsourcing (MPHRO). Since the first such transaction in 1998, the industry has steadily strengthened: the number of842 words
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Page 19 Advertisements
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Advertisement16 2005-08-25 19 I Lianhe Zaobao I Factory that provides I "special I treatments" I for finished I garments16 words
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Article2431 2005-08-25 20 SGX XTRANET n-«k W 1*1 Vd CXy IMOmk firttfv Dm OTM Mm MCas IHi law G»*« C««p»iy V«*« roow L— t»y U»m S On ■> w M »WV»lfV0 Ke BiiWdl USIOISO MHIO ***** SOW UCMUSTtdi US3M0 mi rSMSa Score US555 »lpt iSStffOO US8270 "MOMiOO MID SPD«S ,US»1200 t2,431 words
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Article3332 2005-08-25 21 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local curr In S$ In US$ dy yr dy yr %dy Syr Aug 23 Index Change Change Change Change Change Change WorH Index Preliminary 902.3 -0.4 5.8 -03 4.4 -0.5 2.0 EAFE Preliminary 862.7 -0.4 117 -0.5 5.1 -0.6 2.7 Europe PrefiminaiY3,332 words
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Page 22 Advertisements
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Advertisement1371 2005-08-25 22 v NYK GROUP SOUTH ASIA PTE LTD lstsk LINE Fax: 6292 2856 (Regional sales)/ 6239 7109 (OPS)/ 6299 5785 (Documentation) NIPPON YUSEN KAISHA TOKYO WMII KASHA. UO. (C/R NO: **********0E) —gpnui M..., i, ZHH C*#: 1378 *****00G SENATOR LINES wjsr& SENATOR (S.C.A.) Pte Ltd Main Ur~: *65 6536-2750 B^:'- UiHSI1,371 words
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Advertisement764 2005-08-25 22 IINTIRASU ROUP SERVICE VESSa/VOT MWXKT) HBGHTW fKC KCH T5 SW *T STVAITS VENTURE 18/DS IS 3.? 01/W 04/W 08/ M U/W 13/ M STtAITS VENTURE 19/ OS IS 3.? IS/W 11/W 22/09 25/W 27/W STRAITS VENTURE 20/05 IS 3.? 30/09 02/10 MO W/10 "/H> I AUSTRALIAN RORO SERVICE j VKSa/VOY764 words
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Page 23 Advertisements
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Advertisement1221 2005-08-25 23 www.hombur9suj.com Mjg agg (export) ETA ETA ETA HA ror tunc smroti rnsuw stwkt miuowmi apbaik powmaiio smGAfORi wisiak stdnet naioutwi Axuuot CAP ItEMGA SI4S 25/ M 2*/ M 05/09 07/09 H/W 13/09 Of KW6ASISS 22/W 23/W 03/10 05/10 M/ 10 11/10 CSCL XIAMEN 084S 01/09 02/09 12/09 14/09 17/09 20/091,221 words
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Advertisement1092 2005-08-25 23 VESSEL VOY SIN PCU HCM HKG' KYH PUS VESSEL VOY SIN PKG GOLDEN GATE ilflL JQZL JIZB 2ZS z GOLDEN TRADE 512n 6/9 7/9 9/9 z CAPE SANTIAGO IMSM 1.V9 14/9 14/9 T~||- I I I Cahg HMj AW-Slww *ySI cnftng both No* West port VESSEL VOY PKG SIN HKG1,092 words
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Advertisement965 2005-08-25 23 WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICQ POINTS VKStI VOT SIN P.KLANG COLOMBO N. SHEVA COLOMH) PfcCIFIC QUEST 0009W 22 AUG 24 AUG 27 AUG 30 AUG 02 SEP miaphwha yfwmi n aug 30 aug 02 sep 06SEp ttiitf WDIU TiAMDHI OQ96W PS SEP 06965 words
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THE BUSINESS TIMES SHIPPING TIMES
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Page 24 Advertisements
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Advertisement759 2005-08-25 24 lAmI wallenius wilhelmsen website: http://www.2wglobol.com VESSEL VOY RAMP HEIGHT SIN LBC ~MAO~ HOU« MIA SAV~ »Al ~ORF NYC NEW ~~MOT~ TAMPA AF522 4201NS 6.4 M IN PORT 20/09 29/09 03/10 06/10 06/10 TAPIOLA ALSI9 4001 MS 6.3 M 06/09 12/10 14/10 17/10 19/10 TEXAS AF525 420Tms 6.4 M 13/09 10/10759 words
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Advertisement1221 2005-08-25 24 VISSiI VOY SIN PGU VtSStL VOY SIN JKT PAC lANDA IS43N 26/08 26/01 NCMNUN 9313 27/01 30/01 mum IS44N 2ZZOS m —g2g— CSF 2301 016SP 27/08 28/08 PAC UNTAX 9314 03/09 o*/09 PACIANDA 1545N 28/08 29/08 IVJJL'JJ JTfTZ^HHHI -SL23OJ O]66P 29/08 31/08 lill ill 1/llfM^M lANDA j_546N 30/ M 30/081,221 words
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Advertisement451 2005-08-25 24 BSA jl ii|||ii i| 'iiHgyrr'"'' ('i|il'iii|i|iiiii|||^^ MYANMA HR FIVE STAR LINE (Myanmar National lioe) Loading for Yang on VESSEL VOY SIN PKL PEN PGU PAGAN 348W SU> PAGAN 349W SID IN MALAYSIA: lOUSTEAD SHIPPING AGENCIES KUI/PKL 03-*****388 PEN: 04-*****15 ACCEPTING CONVENTIONAL C6O VESSEL VOY HKG SIN PGU PKL KUC COCOA451 words
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BizIT
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Article, Illustration611 2005-08-25 26 AMIT ROY CHOUDHURY - It will save $10m a year after full implementation, reports AMIT ROY CHOUDHURY AMIT ROY CHOUDHURY GOING paperless will help save NTUC Income about $4 million a year in operational costs and give the leading Singapore insurance firm a 23 per cent jump in productivity.611 words
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303 2005-08-25 26 ROLAND LIM - By ROLAND LIM COMPUTER giant HewlettPackard Company has unveiled its first batch of four printers based on a new technology which was partly developed in Singapore. The new SPT (Scalable Printing Technology) is the result of a US$l.4 billion investment over the303 words
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207 2005-08-25 26 Reuters [SAN FRANCISCO] China's largest Web search company, Baidu.com Inc said its quarterly net income skyrocketed from a year ago on surging ad revenue. Baidu reporting for the first time as a public company said its second quarter net income grew to 12.1Reuters - 207 words
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376 2005-08-25 27 It and other companies are betting on highspeed services Bloomberg [KUAIj\ LUMPUR] Redtone International Bhd, a Malaysian provider of discount telecoms services, may bid for a licence to provide high-speed wireless services on mobile phones, managing director Wei Chuan Beng said. "We'reBloomberg - 376 words
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406 2005-08-25 27 AFP t* [WASHINGTON] Verizon Communications and Yahoo said they will dffer a discounted high-speed Internet service in a bid to convert dial-up customers and, in Verizon's case, to counter cable-industry rivals. Verizon and Yahoo plan to sell DSL (digital subscriber line) service, atAFP - 406 words
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274 2005-08-25 27 NYT [SAN FRANCISCO] The Intel battleship is turning. The world's biggest chipmaker has been struggling for a year to fend off a revitalised Advanced Micro Devices (AMD), which has a head start in "multicore" and low-power 64-bit microprocessors. On Tuesday, Paul Otellini, Intel's CEO, sketchedNYT - 274 words
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292 2005-08-25 27 Reuters [TOKYO] Japan's Hitachi has unveiled the world's first hard disk drive DVD recorder that can store one terabyte of data, or enough to record about 128 hours of HDTV (high-definition TV) digital broadcasting. Hitachi. Japan's largest electronics conglomerate, is still a relativelyReuters - 292 words
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Page 26 Advertisements
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Advertisement130 2005-08-25 26 We live in an age where fearless thinkers are transforming the way we-live, work and play. Organisations aro realising that their Information is powerful only when It Is readily available, not safely locked away. Business leaders are learning that > success comes from letting their people do what they do130 words
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Advertisement31 2005-08-25 26 HIT FOR HITACHI Its new DVD recorders would be the first on the market able to simultaneously record two HDTV programmes, pg 27 j^m^B BfT I' .feftjßßßl!l^^H^ylHC3Wi^^B^^^BMH|^^^^^^^^^^B ■|g Sefflß^L frwßm n31 words
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Page 27 Advertisements
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Advertisement777 2005-08-25 27 Advertising Feature m JmM In the Public Sector, technology plays an even more "MOM recognised that it will become increasingly 23 workers chose to move to HP, 11 decided to work important role in delivering e-services to citizens. challenging for the standalone IT team in the at IDA, and three777 words
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PROPERTY
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Article, Illustration295 2005-08-25 28 The freehold Marine Parade site is expected to fetch at least $45.8m THE owners of St Patrick's View near Marine Parade Road are teaming up to sell their homes in the latest collective sale. The expected price of "at least $45.8295 words
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354 2005-08-25 28 ARTHUR SIM - By ARTHUR SIM A BUYER has emerged for a 99-year leasehold mixed commercial and residential development site next to Yew Tee MRT station, with an offer of $58.56 million. As the 8,500 sq m site is on the Housing and Development354 words
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14 2005-08-25 28 Applies to landed property14 words
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Article, Illustration732 2005-08-25 29 Logistics buildings could become majors on listed property menu Reuters [HONG KONG] They're unglamorous and hidden away in business parks and ports, but warehouses are drawing property investors to Asia as trade radiates from booming China. US firms such as Prologis and AMBReuters; FILE PHOTO - 732 words
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749 2005-08-25 29 NYT [NEW YORK] To a degree not seen in years, financial firms dominated commercial office leasing activity in Manhattan in the first half of 2005. In two years, financial firms jumped to 36 per cent of the market for new leases from just 12NYT - 749 words
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524 2005-08-25 29 Reuters [NEW YORK] Sky-high prices are not preventing cash-strapped American consumers from getting the house of their dreams now that lenders are letting them drag out the term of their mortgages to 40 years. By moving from a fixed-rate 30-yearReuters - 524 words
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Page 28 Advertisements
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Advertisement128 2005-08-25 28 Parry Gardens Large Suburban Site .BJJ# I I Land 101,956 sq ft ANG MO KIO AVE 3 HQUGANG p| ot Rat j Q -J 5 s poh huat Within Ikm of Rosyth Pri Sch i\ v'aSl)// Immense serenity tranquility SERANGOON GDN WAY >[ R ~^L C3p3bl6 Of 110 UD jtS128 words
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Page 29 Advertisements
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Advertisement220 2005-08-25 29 For Sale by Tender T7 r Good Class Bungalow Land at Leedon Road Land Area: 4,018.1 sqm 43,250 sq ft (Approx) 7/ Option to purchase whole or part L Squarish Plot of land //34 I Prestigious address within District 10 sX I Close proximity to reputable schools and Tanglin/Orchard Road220 words
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WORKSPACE
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Article, Illustration885 2005-08-25 30 TAN SU YEN - Offices are being transformed as new ways of organising the workspace match the changing rhythms of working life. TAN SU YEN reports TAN SU YEN THE times, they are a-changin' and so, too, is the shape of our offices. Says Derek Mackenzie of design consultancy, designphase: "WeARTHUR LEE - 885 words
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Article, Illustration287 2005-08-25 30 TECHNOLOGY has changed more than the rhythms and systems of offices. It has transformed the way we work and indeed the way we live. Airport business lounges, for example, used to be places where you enjoyed a drink and some nibbles while reading the287 words
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Page 30 Advertisements
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Advertisement38 2005-08-25 30 A series on workspace brought to you by ._ONE raffles gJHQUAY The Logical Move Property Developer: One Raffles Quay Pte Ltd Co. Registration No. *****1576E Website: www.orq.com.sg a jo.nt Development By ottL* holdings) LIMITED H Hongkong Land r38 words
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