The Business Times, 7 September 2005

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Total Pages: 30
1 30 The Business Times
  • 15 1 THE BUSINESS TIMES SINGAPORE 85 cents online at http://business-times.asial.com.sg MICA (P) 089/03/2005 Wednesday, September 7,2005
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  • 729 1  -  But move not expected to do much to allay concerns over fiscal stability in longer term By SHOEB KAGDA in Jakarta INDONESIA'S central bank yesterday raised its benchmark interest rate half a percentage point to 10 per cent the second increase in a
    AFP  -  729 words
  • 496 1  -  By WONG WEI KONG [SINGAPORE] Another corporate chief has been hauled to court the executive chairman and managing director of Brilliant Manufacturing faces a total of 125 charges of insider trading, non-disclosure of shareholding changes, and destroying documents that could be used as evidence
    FILE PHOTO  -  496 words
  • 134 1 sn *****7(4.60) ST MDEX FUTURES 2,291 JOO (-5.00) nsiMsa M ***** (-1.07) SIMSa FUTURES (-1.10) MARKETS Tuesday Change KLSECOMP 911.64 +1.90 NIKKEI 225 12,599.43 -35.45 HANG SENG 15.160.78 -67.05 SET INDEX 705.46 -2.46 JAKARTA COMP 1.051.59 -*-15.70 MANILA COMP 1,896.71 -32.31 SEOUL COMP 1.122.65 +8.15 SHENZHEN B 221.71
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  • Page 1 Advertisements
    • 202 1 INFORMATICS Rights issue price slashed again PG4 8 Winter to summer mm v Vl vy It's quick, quiet and smooth. And that's just the top. With the touch of one iL v' button, you can welcome just 20 seconds. The 2-litre turbocharged Aero engine also makes strong and silent statement
      202 words
    • 40 1 Bair industry Call to redefine role of Malaysia Airline: PG2 BT ONLINE Access to BT Online is free after 6pm each day. But print subscribers can access bur online news anytime. Call 6388-3838 to subscribe and activate your online account.
      40 words
    • 18 1 EXECUTIVE MONEY Vanguard chiefs investment tips PG3O Asti plans to take majority stake in ASA PG4 fcrl^ I^K^ArfSHIHBBL—
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    • 8 1 hh VW rolls out two more new models
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  • TOP STORIES
    • 855 2  -  MAS's role in relation to AirAsia must be defined, he says By S JAYASANKARAN in Kuala Lumpur A RETIRED executive of Malaysian Airline System, or MAS, has called on Kuala Lumpur to formulate a national aviation policy that redefines its role and its
      MAS  -  855 words
    • 525 2 Region's central banks set to raise rates to fight contagion SOUTH-EAST Asian central banks are expected to raise interest rates more aggressively to pre-empt any contagion from spilling over from Indonesia and roiling their markets. Countries such as the Philippines, Thailand and even larger economies such as India
      525 words
    • 605 3  -  He lambasts Japanese system in run-up to Sunday's polls By ANTHONY ROWLEY in Tokyo LEABN from Singapore and take a leaf out of its book of political and financial systems, Japanese Internet en-trepreneur-turned-political candidate Takafumi Horie urged yesterday. One of the "assassins" handpicked
      BLOOMBERG  -  605 words
    • 575 3 Reuters [SINGAPORE] South-east Asian central banks are expected to raise interest rates more aggressively to preempt any contagion from spilling over from Indonesia and roiling their markets. Countries such as the Philippines, Thailand and even larger economies such as India
      Reuters  -  575 words
  • Page 2 Advertisements
    • 153 2 I Following Important Seminars at I TODAY: Wednesday 7th September 2005 at 7pm, I MM 5 I THE most important highest I I LEVEL WORLD-CLASS AUCTION I MH«P I since the November 1982 Geneva auction I 11 the heritage collection I v I I Pure Wool and Pure Silk High
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  • Page 3 Advertisements
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  • COMPANY NEWS
    • 668 4  -  BT exclusive Move seen benefiting both companies amid industry woes By AMIT ROY CHOUDHURY TWO key players in the local semiconductor sector plan to get together in a move that would create* much-needed economies of scale to tide them over difficulties faced
      ARTHUR LEE  -  668 words
    • 545 4  -  HOCK LOCK SIEW By S JAYASANKARAN SHARES of Malaysian jeweller Habib Corporation leapt 27 per cent on Monday following news that a unit of Temasek Holdings had bought a significant interest in the company. On Saturday, it was reported that Fullerton Fund Management Company,
      545 words
    • 354 4  -  By JEAN CHUA TPV Technology, a leading computer-monitor manufacturer, has posted a 5.4 per cent year-on-year rise in first-half net profit to US$64.B million. And for the six months ended June 30, TPV which on Monday said it has completed the acquisition of
      354 words
    • 594 4  -  TROUBLED COMPANIES Issue now priced at 5 cents instead of 12.5 cents By MICHELLE QUAH TROUBLED Informatics Holdings has slashed the issue price for its proposed rights issue again showing how much difficulty it faces in drumming up interest. The Singapore education group,
      594 words
    • 509 4  -  By WONG WEI KONG CHARTERED Semiconductor Manufacturing said in a guidance update yesterday that excluding the impact of higher interest expense its third-quarter net loss is expected to be at the low-to-mid end of its July forecast of US$42-52 million.
      FILE PHOTO  -  509 words
    • 529 5  -  PROPERTY Condo project likely to be marketed to buyers in the higher range By ARTHUR SIM A CONDOMINIUM site at JTC Corporation's New Economy hub one-north has been awarded to Vista Development, which is a joint venture of United Overseas Land (UOL), Wee Cho
      YEN MENG JIIN  -  529 words
    • 283 5  -  By ALEXANDRA HO HO Bee Investment has bought yet another plot of land for residential development, this time in the eastern part of the island. The company's bid of $18 million helped it clinch the residential site at Amber Gardens from the Chinese Swimming
      283 words
    • 239 5 Reuters [SHANGHAI] Singapore's DBS Group Holdings Ltd, South-east Asia's largest bank, is in talks to buy as much as a fifth of China's struggling Guangdong Development Bank by the end of the year, banking and government sources said. The second-largest bank
      Reuters  -  239 words
  • Page 4 Advertisements
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  • Page 5 Advertisements
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  • SINGAPORE MARKETS
    • 890 6  -  CURRENCIES It may take up to a month for sellers to build a good head of steam LARRY WEE Senior Correspondent WESTERN traders returning from their summer vacation this week will see the US dollar making a valiant post-week-end upside correction after plunging to
      890 words
    • TRADES TO WATCH
      • 404 6 DEL Monte Pacific director Richard Blossom has sold down his indirect stake in the company. He sold 517,000 shares at 59 cents each on the open market. This lowered his deemed stake through registered holder HSBC (Nominees) Pte Ltd to 0.208 per cent of
        404 words
      • 91 6  -  Compiled by ALEXANDRA HO CONSTRUCTION and civil engineering company Econ International's substantial shareholder, Oversea-Chinese Banking Corporation, has reduced its direct stake in the company to 12.67 per cent, down from 12.72 per cent. OCBC now holds 490.99 million Econ shares. The
        91 words
    • Article, Illustration
      429 6 OTHER SINGAPORE INDICES Sep 6 VALUE CLOSE t BT OB/OS -297.00 -13.00 BTCAPI -*****.00 -37.00 BT 10-day MA -*****.00 -30.00 All-SG Equities 582.38 -2.56 SG Equities Elect 136.18 +1.36 SG Equities Fin 1650.63 -4.59 SG Equities Prop 667.11 +4.66 SIMSCI 270.49 -1.07 SiMSCI Futures 271.40 -1.10 MOST ACTIVE STOCKS VOLUME
      429 words
    • 250 6  -  Compiled by UMA SHANKARI ST Engineering Sept 6 dose: $2.54 UOB KAY HIAN RESEARCH. Sept 6 ST Engineering (STE) has reported that Hurricane Katrina has affected the US Gulf Coast operations of ST Mobile Aerospace Engineering (MAE) and VT Halter Marine. The cost of damage is expected to
      250 words
    • 350 6  -  CHART POINT By Yeo Kee Yan, chartist at Kelive Research HURRIGANE Katrina has been used as ammunition by two camps of investors to argue their case. The bears warned that disruption to oil production facilities would drive up the oil price due to supply shortages.
      350 words
    • 411 6  -  STOCKS It's deja vu, as market falls prey to high oil prices, volatile US market R SIVANITHY Senior Correspondent AT some level, it must be utterly boring for you the reader to access BT's online service or to pick up the hard copy of this
      411 words

  • COMPANY NEWS
    • 308 7  -  IPO WATCH It aims to raise funds to boost expansion, R&D capabilities By RACHEL LIN CHINA Wheel Holdings, a China-based wheel designer and manufacturer that has geared itself up for a proposed mainboard listing, yesterday lodged its preliminary prospectus with the Monetary Authority
      308 words
    • 258 7 VANTAGF Corp chief executive Kea Kah Kim has succeeded accumulating 77.52 per cent of the shares of the cash-rich company. At the close of the offer yesterday at 3.30pm, Mr Kea's private vehicle Eastunited Holdings had received total acceptances for 114.6 million
      258 words
    • 217 7  -  By MATTHEW PHAN SINGAPORE Computer Systems (SCS), a mainboardlisted company troubled by volatile results and the departure of key executives in recent months, has appointed Vincent Phua Chin Chor chief financial officer (CFO) from Sept 12. Mr Phua, 51, has more than
      217 words
    • COMPANY BRIEFS
      • 42 7 NOBLE Group, a global supply chain manager of agricultural, industrial and energy products, has raised US$5OO million in revolving credit facility through a syndicate of banks. The proceeds will go towards financing the group's general working capital.
        42 words
      • 19 7 ASJ Holdings Limited has appointed Ken Ho Ker Chern as its group financial controller.
        19 words
      • 67 7 YTL Cement Bhd through YTL Cement Singapore Pte Ltd has acquired a substantial 20.93 per cent stake in Singapore mainboard-listed Jurong Cement. The $8.8 million stake purchased last Friday at 95 cents a share came from Kindo Pte Ltd (13.95 per cent) and Andree
        67 words
      • 54 7 AN Indian company has filed a suit against Sarin Technologies, an Israeli diamond technology company that was listed on Singapore's mainboard earlier this year. Sahajanand leaser Technology's suit in a civil court in India seeks to restrain Sarin from alleging that Sahajanand was infringing
        54 words
  • Page 7 Advertisements
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  • SINGAPORE NEWS
    • 370 8  -  45% will consider adding cover for hospitalisation, accident: survey By UMA SHANKARI SINGAPOREANS have high levels of insurance cover but are increasingly worried about possible financial difficulties if they become seriously ill or have an accident, a survey has found. The annual AIA "Life
      REUTERS  -  370 words
    • 128 8 Bernama [SINGAPORE] The hugely successful "Malaysia, My Second Home" property exhibition is back in Singapore this month, showcasing a comprehensive range of property opportunities in Malaysia. Expo organiser Exhibition Guide (M) Sdn Bhd said the three-day exhibition from Sept 9 at Suntec
      Bernama  -  128 words
    • NEWS ROUNDUP
      • 48 8 THR Singapore Red Cross is urging Singaporeans and organisations to contribute to a public appeal in aid of the victims of Hurricane Katrina. Cash donations are requested and thpy will be channelled through the American Red Cross. However, donations will not be tax-exempt.
        48 words
      • 72 8 ABOUT20 Singapore-based companies from the food, infrastructure servicos and trading industries will visit Jiangsu from Sept. 11-13 to discover opportunities in the second-tier cities of Zhenjiangand Yangzhou. They will be led by Mr Heng Chee How, Minister of State for the Ministry of Trade and
        72 words
      • 74 8 EIGHT members of the NTU community will attempt a 168km round-the-island run the first of its kind in Singapore as part of the University's 50th anniversary festivities in October. The run will be held from Oct 1-2. The eight include 52-year-old alumni Stephen Lim
        74 words
    • 301 8  -  By DANIEL BUENAS LOCAL cell therapy firm Cord Life, a wholly owned subsidiary of Australialisted CyGenics, is the first umbilical cord blood bank in South-east Asia to receive accreditation from AABB, an international association of blood banks formerly known as the American Association of Blood Banks.
      301 words
    • 480 8  -  By NANDE KHIN ONE of Singapore's leading intellectual property law firms, Alban Tay Mahtani de Silva (ATMD), has joined forces with Malaysia's Tay Partners to offer their services as a group AxcelAsia as they seek to expand regionally. According to Tay Beng Chai,
      CHRIS LOH  -  480 words
    • 577 9  -  But telcos are still worried about price of new system, and who will pay By ROLAND LIM IF the Infocomm Development Authority (IDA) of Singapore has its way, it should soon be easier for users to switch their handphone operator without having to get
      AFP  -  577 words
    • 290 9 Bernama [KUALA LUMPUR] CIMB Bhd announced that two proprietary dealers from CIMB-GK Securities Pte Ltd, namely Lim Tiong Kheng and Chua Siew Lian, were charged in Singapore yesterday for offences under the repealed Securities Industry Act (Chapter 289) (SIA) and Securities and Futures Act (Chapter
      Bernama  -  290 words
    • 221 9 WINTECH Land, which already owns the Wintech Centre at Übi and e-cen-tre@Redhill in Jalan Bukit Merah, has put in the highest bid for a 30-year leasehold industrial site at Alexandra and Leng Kee Roads. At $6,688 million, Wintech's bid is over a million dollars
      221 words
  • Page 8 Advertisements
    • 731 8 ikj.i.UIT&T Keppel Telecommunications Transportation Ltd Co Reg No:*****0115G (Incorporated in the Republic of Singapore) Notice of Extraordinary General Meeting NOTICE IS HEREBY GIVEN THAT an Extraordinary General Meeting of Keppel Telecommunications Transportation Ltd (the "Company") will be held in the Vanda Ballroom, Level 5, Marina Mandarin Singapore, 6 Raffles Boulevard,
      731 words
    • 192 8 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF BIZTELECOM ASIA PACIFIC PTE LTD Co. Reg. No. *****8282 C (IN MEMBERS' VOLUNTARY LIQUIDATION) NOTICE IS HEREBY GIVEN pursuant to Section 308( 1) of the Companies Act. Cap. 50, that a Final Meeting of the Members
      192 words

  • Page 9 Advertisements
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  • ECONOMY WATCH
    • 721 10 Cloud of 1997 hovers, but firms' finances, debt level in better shape Reuters [HONG KONG] A crisis of confidence for the Indonesian rupiah has sounded alarm bells for investors, but data shows companies owe less than they did during the Asian financial crisis, and analysts say
      Reuters; AFP  -  721 words
    • 223 10 Reuters [GENEVA] China is the most attractive destination for foreign investment, followed by either India or the United States, according to a United Nations poll on Monday. In the survey, carried out by the UN trade and development agency Unctad, 85 per cent of investment
      Reuters  -  223 words
    • 242 10 Bloomberg [NEW YORK] Growth at US service companies accelerated unexpectedly in August, suggesting the economy was strong even as energy prices rose before Hurricane Katrina struck. The Institute for Supply Management's (ISM) measure of financial services, retail trade and other non-manufacturing businesses
      Bloomberg  -  242 words
    • 572 10 Bloomberg [NEW DELHI] India, Asia's fourth-largest economy, approved an increase in vehicle fuel prices, the first since June, partly passing on higher global crude oil costs to consumers and reducing losses at refiners. Petrol prices rose 3 rupees a litre and .diesel 2
      Bloomberg; REUTERS  -  572 words
    • 574 10 Bloomberg [PARIS] The Organisation for Economic Cooperation and Development (OECD) has raised its 2005 growth forecast for the euro region and Japan, and lowered its estimate for the UK. The agency's forecasts were made before Hurricane Katrina hit the US Gulf Coast last
      Bloomberg  -  574 words
    • 163 10 Reuters [KUALA LUMPUR] Malaysia is sticking to its 2005 growth forecast of 5 to 6 per cent as it does not expect high oil prices to have any negative impact on its economy, economic planning minister Mustapa Mohamed said yesterday. "Exports have been growing rapidly
      Reuters  -  163 words
  • Page 10 Advertisements

  • MALAYSIA/INDONESIA
    • 504 11 South-east Asia can help bridge the two economic powerhouses AP [KUALA LUMPUR] Strong China-India ties could usher in a "golden century" for Asia and South-east Asia should help bridge the two giant nations to reap the benefits and safeguard its own economic future
      AP; FILE PHOTO  -  504 words
    • 269 11 Bernama [MELBOURNE] Australia's corporate watchdog has urged Australians who have invested money in" a Malaysianbased wealth creation scheme called "People in Profit System" (Pips) to come forward with information about the scheme, it is reported. The Australian Securities and Investments Commission (ASIC) said Malaysia's Bank Negara
      Bernama  -  269 words
    • 2392 11 VOL General Corp .0.40 -0.01 64 S«p< MM (HO) Genting 19.80 0.10 586 George Kent .0.57 unch 93 A M Realty 144 unch S GHL Systems .0.14 unch 251 Abric .0.34 0.01 27 Globetronics Tech .0.37 0.01 488 ACP Industries .0.60 -0.02 324 GlomacBhd 1.30 -0.05 277 Advance
      2,392 words
    • 544 11 Reuters [KUALA LUMPUR] Malaysia, the world's top producer of palm oil, will be ready to sell a green fuel made from the commodity at domestic pumps and also export it by October next year, an industry official said yesterday. The country's
      Reuters  -  544 words
    • 314 11 Reuters (JAKARTA] Indonesia, suffering electricity shortages due to an antiquated grid, will open a tender soon for rights to use a US$l.7 billion gas pipeline from East Kalimantan to Java to help boost power supply, an official said yesterday. The tender will
      Reuters  -  314 words
    • 379 11 [KUALA LUMPUR] Investors will have the chance to buy shares in Malaysia's first publicly-traded fertility treatment clinic, TMC Life Sciences Bhd, next month, according to a report in the Malaysian Business Times. TMC Life, which owns Damansara Women's Specialist Centre Sdn
      379 words
  • Page 11 Advertisements
    • 116 11 NEW ZEALAND NEW OPPORTUNITIES RELOCATION SEMINAR Clean, green and "100% pure". But so much more. lain MacLeod of Protea Pacific Ltd will be giving a seminar on Saturday, 10th September at 11.00 a.m. at the Orchard Parade Hotel, 1 Tanglin Road. Seminar cost is Ss2o per person/couple which includes a
      116 words

  • GREATER CHINA
    • 455 12 AWSJ says deal involves sale of 33-50% stake in PetroKazakhstan Reuters [SINGAPORE] China National Petroleum Corp (CNPC), which last month won a bidding war to buy a strategically important oil company with operations in neighbouring Kazakhstan, is in talks to sell
      Reuters  -  455 words
    • 358 12 Reuters [SHANGHAI] Huaxia Bank Co Ltd, the second-smallest of five listed lenders, has auctioned off a 6.9 per cent stake to a Singapore investment fund for about US$l25 million, as the pace of deals in China's financial sector quickens. Singapore-based Pangaea Capital Management
      Reuters  -  358 words
    • 458 12 [SHANGHAI] China will extend investigations into money laundering to the securities and insurance industries, the South China Morning Post reported officials as saying. The officials added that the country has a long way to go to meet international standards. The People's Bank of China
      458 words
    • NOTE BOOK
      • 104 12 Reuters [SHANGHAI] Construction Bank, China's top property lender, plans to sell more than three billion yuan (Ss62o million) of mortgage-backed securities in early October, when it also plans to launch a US$5 billion-plus IPO, sources close to the deals said yesterday. China
        Reuters  -  104 words
      • 90 12 Reuters [MUMBAI] The private equity unit of India's second-largest bank, ICICI Bank Ltd, plans to launch road shows this week for a US$l billion new fund that will target financial services and retailers, a top official said yesterday. Renuka Ramnath, managing director
        Reuters  -  90 words
      • 86 12 AP. Reuters [BEIJING] British bank Standard Chartered yesterday announced plans to invest US$ 123 million to help create a new Chinese bank. Standard Chartered said it would own 19.9 per cent of China Bohai Bank, based in the eastern city of Tianjin. It
        AP.; Reuters  -  86 words
      • 94 12 Reuters [KUALA LUMPUR] The China retail unit of Malaysian property developer, retailer and brewer Lion Diversified Holdings may raise up to US$lBO million in its Hong Kong IPO, a source familiar with the transaction said. Lion plans to sell up to 30
        Reuters  -  94 words
      • 112 12 AFP [KUALA LUMPUR] Malaysia is in the final stage of issuing RM2.2 billion (*****.9 million) worth of bonds for the development of the country's forest plantations, a junior minister said yesterday. Deputy Plantation Industries and Commodities Minister Anifah Aman said the domestic bond issue
        AFP  -  112 words
    • 472 12 Reuters [HONG KONG] Hong Kong's Housing Authority plans to list the world's biggest property trust by the end of the year, reviving a US$3 billion IPO that was shelved in December in the face of a legal challenge from a 67-year-old
      Reuters  -  472 words
    • 826 12 Reuters [HONG KONG] Macau won't change from a grim gambling den into a glitzy gaming paradise overnight, but casino operators stand to hit the jackpot along the way, according to the son of gambling magnate Stanley Ho. Expect poor transport, a dearth of
      Reuters; BLOOMBERG  -  826 words

  • INDIA
    • 789 13  -  INDIA INSIGHT Car production has surpassed the millionth mark, while some of the world's major players have set up shop in India ASHOK KUMAR In Mumbai IN INDIA before liberalisation, especially in the "bad old times" as the 1970s have now come to be
      789 words
    • 738 13 High oil prices can lower demand and result in a glut Reuters [NEW DELHI] Fat profit margins and a global shortage of refining capacity have lured Indian oihfirms to plan massive plant expansions, but analysts say state-run refiners may have to review or
      Reuters; BLOOMBERG  -  738 words
    • 217 13 Reuters [KOLKATA] The Tatas, India's second-largest business group, plans to invest 400 billion rupees (5515.3 billion) to set up a steel mill and a power plant in the eastern state of Jharkhand, the chief minister said. The group plans to set up a 12 million tonne
      Reuters  -  217 words
  • Page 13 Advertisements
    • 969 13 Notices 5 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF PACKAGING BUSINESS DEVELOPMENT PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) (Company No. *****1166H) Extract of the Minutes of an Extraordinary General Meeting of PACKAGING BUSINESS DEVELOPMENT PTE LTD signed by the Representative of the Holding
      969 words

  • ASIA-PACIFIC/WORLD
    • 681 14 Flak comes after CEO attacks govt's plan to boost competition Reuters [CANBERRA] Australian Prime Minister John Howard described as "disgraceful" the behaviour of Telstra Corp executives, as relations with the country's biggest phone company deteriorated further ahead of the group's planned
      Reuters; AFR  -  681 words
    • 452 14 [MADRID] Gas Natural, the Spanish energy group, was on Monday poised to launch an unsolicited 22.5 billion euro (Ss47 billion) takeover bid for Endesa, the country's biggest electricity generator, according to the Financial Times. The paper said the proposed deal would create
      452 words
    • 177 14 Bloomberg [SEOUL] Samsung Group South Korea's largest family-run industrial group said its subsidiaries may stop giving stock options to executives and pay cash instead to help improve incentive plans for non-listed units. Samsung is considering the plan, group official Yim Jun said, confirming an
      Bloomberg  -  177 words
    • 391 14 AP, AFP [TOKYO] Japan said yesterday it had completed the 20-year privatisation pf the nation's biggest telecommunications company, at a time when privatising the government-run postal system is a key issue in upcoming nationwide elections. Nippon Telegraph and Telephbne Corp (NTT), along with Japan
      AP,; AFP  -  391 words
    • 535 14  -  By AL LABITA in Manila TWO Philippine taipans Lucio Tan and Emilio Yap are locked in a battle to control Manila's controver-sy-wracked US$65O million international airport terminal. The terminal, designed to handle 13 million passengers a year, was due to open in late 2002
      535 words
    • 544 14 Reuters [SEOUL] Asian MP3 player makers are targeting higher-margin devices with sleek designs to wow fash-ion-savvy users as they struggle to survive the increasing dominance of industry leader Apple's popular iPod. Apple Computer Inc has sold 22 million of its iconic players since their
      Reuters  -  544 words
  • Page 14 Advertisements
    • 122 14 Call toU-frec 1800 289 8822 KEPPEL LAND LIMITED (Co. Reg. No. *****0001 C) (Incorporated in the Republic of Singapore) LOST CERTIFICATE Application has lx»en made to the Directors of the abovenamed Company to issue duplicate certificate in place of the following certificate which has been reported lost or destroyed:Certificate No.
      122 words

  • WORLD
    • 426 15 All-cash takeover offer being considered for £10b company ("LONDON] Germany's E.ON electrified Britain's energy industry on Monday night when it revealed that it was considering an all-cash offer for the £10 billion (Ss3l billion) rated Scottish Power, The Guardian reported. The Dusseldorf-based company already ranks as
      426 words
    • 330 15 [NEW YORK] An investigation into fraudulent tax shelters sold by KPMG to US clients can be expected to result in more people being charged, said the Financial Times, citing the prosecutor who has led the probe. David Kelley, who yesterday stepped down as US
      330 words
    • 396 15 Bloomberg, AP [TOKYO] Typhoon Nabi, packing winds of about 144 kilometres an hour, cut electricity to almost 300,000 customers in south-west Japan and caused at least eight refineries to suspend oil and fuel shipments. Japan Airlines and its affiliates cancelled 307 flights
      Bloomberg,; AP; REUTERS  -  396 words
    • WORLD WATCH
      • 151 15 Reuters [RIYADH] Billionaire Saudi Prince Alwaleed bin Talal has raised his stake in media conglomerate News Corp to 5.46 per cent of voting shares and repeated support for its chairman, Rupert Murdoch, Mr Alwaleed's office said yesterday. The prince's new holding of
        Reuters  -  151 words
      • 124 15 Bloomberg [SEOUL] Citigroup Inc and Deutsche Bank AG were among banks hired to sell a US$2.3 billion stake in Hynix Semiconductor Inc, the world's second-largest maker of memory chips, a creditor said. Credit Suisse First Boston and Merrill Lynch Co will also help
        Bloomberg  -  124 words
      • 150 15 Bloomberg [SAN FRANCISCO] Novartis AG will probably raise its US$4.5 billion cash bid for Chiron Corp, a US vaccine maker recovering from a manufacturing shutdown, by at least US$5OO million after the initial offer was rejected as "inadequate". Novartis, which owns 42.2 per
        Bloomberg  -  150 words
      • 140 15 Bloomberg [BEBLIN] SAP AG, the world's largest maker of business-management software, expects more than 40 per cent of Asian banks will replace their main computer software in the next three to five years to cut costs and increase flexibility. Over 30
        Bloomberg  -  140 words
      • 155 15 Bloomberg [WASHINGTON] US President George W Bush is likely to name a woman or minority to the US Supreme Court, with options ranging from Attdrney General Alberto Gonzales, mistrusted by the political right, to Judge Edith Jones, whose conservative views
        Bloomberg  -  155 words
  • Page 15 Advertisements
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      138 words
    • 1217 15 Sot ices BUKIT SEMBAWANG (531 ESTATES LIMITED (Company Registration Number *****0177 M) (Incorporated in Singapore on 27 June 1967) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the Shareholders of Bukit Sembawang Estates Limited ("Company") will be held at 65 Chulia Street, #50-00,
      1,217 words

  • AVIATION
    • 666 16 Black box, flight recorder sent for analysis; families struggle to identify victims AP. AFP. Reuters [MEDAN, Indonesia] Investigators yesterday hunted for clues in the wreckage of a jetliner which crashed in north Indonesia and killed 150 people, as weeping families looked for
      AP.; AFP.; Reuters; REUTERS, AFP  -  666 words
    • 475 16 Bloomberg [BEIJING] China Southern Airlines, the nation's sec-ond-biggest airline by sales, said it has signed an order to buy 10 A 330-300 and A 330-200 planes made by Airbus valued at up to US$l.B billion at list prices. China Southern signed an agreement for
      Bloomberg  -  475 words
    • 581 16 AFP. Reuters [JAKARTA] In the face of mounting cut-throat competition among Indonesian airlines, many are questioning whether the authorities are doing enough to enforce existing strict safety regulations. Despite extensive international standard safety regulations governing the country's air traffic safety, there have been 13 air
      AFP.; Reuters  -  581 words
    • 176 16 AP, Xinhua [JAKARTA] An aircraft belonging to national flag carrier Garuda Indonesia made an unscheduled landing yesterday after the jet's fuel gauge indicated a possible problem, a spokesman said. The Boeing 747-400, which was carrying 90 crew and passengers, was en route to Jakarta from
      AP,; Xinhua  -  176 words
    • 1932 16 OTV HJCOT fTA FUCWT «T0 SK973 1900 SgflflS 0»lta«9 SQS024 2255 SQ5024 1425 SQ230 MS SQ229 2300 DarwS AF8087 1850 A***** 2215 AF8087 1850 BA7381 1850 SuSl igO QF81 1850 QF81 1850 Davao MI588 1835 MI588 0840 AmstWdam SQ323 0620 AZ3993 2255 MM S2081 0630 S2082
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  • Page 16 Miscellaneous
    • 198 16 CRYPTIC CROSSWORD 27 r D°e?| f a°e d an 7) adjOurnment, hang 7 Advocating force with no con- YESTERDAY'S SOLUTION iti (7) dition (7) Across: 1 Rekindling, 6 Scow, 9 8 Removing academic differen- Police Dogs, 10 Slav, 13 Behests, 15 DOWN tials daily (7,8) Gaffer, 16 Enamel, 17 Absorbent
      198 words

  • SHIPPING
    • 231 17 Bloomberg [SYDNRY] Patrick Corp, which is defending a hostile takeover by Toll Holdings, asked Australia's takeovers regulator to rule that the bid is unacceptable. Patrick, Australia's biggest port cargo handler, claims Toll's bid is unacceptable because it misrepresents a plan for
      Bloomberg  -  231 words
    • 774 17  -  STRAIT TALK By DAVID HUGHES THE world usually notices mariners and the shipping industry only in times of crisis; wars or natural disasters. And so it has been with Katrina. The mariners of the US Coast Guard have certainly come to the public
      AP  -  774 words
    • 712 17  -  Cruise ships chartered to provide temporary shelter to homeless By DONALD URQUHART [SINGAPORE] US port officials are struggling to assess the extent of damage to major Gulf ports hit by Hurricane Katrina, while the cruise industry has been roped in by the US government
      REUTERS  -  712 words
    • 284 17 [SINGAPORE] The Maritime Port Authority (MPA) of Singapore has embarked on its first overseas tie-up, with an international R&D conference in Rotterdam. The inaugural International Conference on PortMaritime Development and Innovation (ICPMDI) is being held in Rotterdam from Sept 5 to 7, jointly
      284 words
    • 238 17 Reuters [HONG KONG] Asia-focused bulk shipping line Pacific Basin Shipping said its net profit nearly doubled in the first half as regional trade grew and freight rates increased. However, dry bulk freight rates started to come down in the second quarter due
      Reuters  -  238 words
    • 303 17 SGX '000 Sep 6 S5 Vol CH Offshore .0.41 unch 721 ChuanHup 0.89 0.01 3273 Casco Corporation -2.57 -003 3713 CWT Distribution .071 -0.01 23 Ezra Hldgs 1.49 -0.02 581 Freight Links 0 08 unch 50 Grand Banks Yacht 0.94 -0.02 71 Jaya Holdings -1.34 unch 1639 K1
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  • Page 17 Advertisements
    • 94 17 TUVALU SHIP REGISTRY QJJ.ALITY SERVICE QUALITY FLAG HS 1. Low taxeq 4. Active role and representation in IMO 2. Agreements with lACS members 5. Worldwide network of surveyors on surveys and issuance of statutory certificates 6 No restriction on nationality of ownership 3. Accedes to latest international 7 Tuvalu is
      94 words

  • EDITORIAL & OPINION
    • 530 18 EDITORIAL TWO weeks ago, about 5,000 members of the Raffles Town Club obtained judgement against the club for breach of contract. The Court of Appeals ordered the club to pay damages of $3,000 to each of the 4,895 members, known collectively as the Rafflessooo Committee.
      530 words
    • 929 18  -  Companies in this region still don't understand that a strong brand is crucial for success JOE BALADI VIA a six-part series that starts today, I will try to address a subject that has attracted a great deal of attention over the past few
      BLOOMBERG  -  929 words
    • 759 18  -  THE BOTTOM LINE FRANK CHING HURRICANE Katrina has claimed thousands of lives and wreaked damage that may well amount to over US$lOO billion. Its biggest diplomatic casualty was the long anticipated visit by Chinese President Hu Jintao to Washington originally scheduled from today the
      759 words
    • 1204 19  -  Candidates of all political stripes extol the virtues of 'reform' but there's little agreement on what it means By MARTIN FACKLER International Herald Tribune AS political campaigns across Japan swing into full gear before elections on Sept 11 for the Lower House of Parliament, the word "reform"
      International Herald Tribune; REUTERS  -  1,204 words
    • 611 19  -  MATTHEW LYNN Bloomberg It might only be a few years old. It may have no stock market listing, and no money beyond the pockets of a few venture-capital backers. Still if you measure a company by its ability to make waves and send
      Bloomberg  -  611 words
    • 789 19  -  CHET CURRIER Bloomberg WHENEVER too many people are counting on a financial market to do something, it won't. That truism provides as good an explanation as any for the mulish behaviour of the US stock and bond markets the past couple of years. It raises
      Bloomberg; AFP  -  789 words


  • 10935 20 SGX MAINBOARD 52-WV Tei Last Vol Day Last Quote Grttv Div GrYld Net MCap High Low Code Company Sale COOP) High Low Buyer SeHf Cvt Wfl Smh 10 2 5716 1st Software 5c 3 +0 5 2167 3 2.5 2.5 3 12.1 28 5 8 5 3148 8TelecomUS2c
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  • Page 20 Advertisements
    • 163 20 Trade US equity CFDs commission free* I m/f Trading CFDs offers a flexible alternative to conventionally settled Why would you trade Contracts for Differences (CFDs)? 1 full value trading. It is important to point out that CFDs are a high A m t i Access to Asian. US. UK and
      163 words

  • 6690 21 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES in local cim In Si In USS %dy %y« %&t %y if* *yr 4«p5 Inoen CSaoge Change Change Chnnq> Oi»nq« Chang* World indei Preliminary 9C63 0.2 6.3 0.0 60 02 3.5 i EAFE Preliminaiy 8683 04 W 4 0.3 8J 0.5 5 b
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  • Page 22 Advertisements
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    • 875 22 IINTCRASIA RORO SERVICE VBSa/VOY RAJWfOm HBGHTQO) FKG KCH LP I SW 1 JKT STRAITS VENTURE 11/05 IS 3.2 01/W 04/09 08/09 11/09 13/09 STRAITS VENTURE 19/05 IS 3.? 15/09 18/09 22/09 25/09 27/09 STRAITS VENTURE 20/05 IS 3.2 30/09 02/10 06/10 09/10 11/10 lAUSTKAUAN tORO SIRVICI VKSa/VOY KAMfOm HBGHT(M) IP
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  • Page 23 Advertisements
    • 1186 23 www.hamburgsud.com ASIA StRVICE SUHC 1 (EXPORT) ASIA SERVICE SIINC (EXPORT) ETA ETA Vmhl/Voyw* SINGAPORE SEPETIIA SANTOS ITAJAI PARAMAGUA Vwxl/Vavue SIHCAPORE OUENOS AIRES RIOCRAWW SANTOS SEPETWA Conti Malaga 010W 07/09 28/09 29/09 01/10 02/10 Iris 025W ***** 03/10 05/10 07/10 09/10 Cap Frio SO4W 14/09 05/10 04/10 01/10 09/10 Cap Agulhn
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    • 1337 23 VESSEL VOY_ SIN JKT HKG KHH INC KYH PUS VESSEL VOY SIN JKT SUB HKG USN PUS HY PROGRESS HIS IS/9 17/1 22/9 24/9 26/9 28/9 28/9 KMTC ULSAH SI7S 11/1 14/9 IS/9 20/9 24/9 25/9 HYMIDGE lOOS 22/9 24/9 29/9 1/10 3/10 5/10 5/10 KMT( SINGAPORE 513S U/9 21/9
      1,337 words
    • 932 23 WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICD POINTS VESSEL VOY SIN P.KUMGI (OLOMIO N. SHEVA COIOMIO INDIRA GANDHI QO96W 05 SEP 06 SEP 09 SEP 12SEP IS SEP RAJIV GANDHI MM 12SEP 13 SEP fttf? 19 SEP 22 SEP KQU PERTAMA YPMO23 19 SEP 20
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  • Page 24 Advertisements
    • 740 24 IMAf WALLENIUS WILHELMSEN website: http://www.2wglobal.com VISSEI VOY RAMP HEIGHT SIN IK ~~MAO~ HOW MIA SAV lAL 0»F NYC NEW MOI TAPIOU ALSI9 400TMS 6.3 M 08/09 13/10 15/10 18//10 20/10 TEXAS AFS2S 420T0« 6.4 M 12/09 10/10 If/10 23/10 28/10 24/10 TAMERLANE AFS26 320 Tons 6.4 M 28/09 21/10 30/10
      740 words
    • 1781 24 vtssti voy sim pgu vissa VOY SIN JKT CSf 2301 0170f 08/09 09/09 PACIINTAN WS 10/09 13/09 PACtAfiDA ISS3H 09/09 09/09 ffi»AU 4153 15/09 CSf 2301 0171P 10/09 11/09 PACMITAM 9316 .7/09 20/09 PAC BANDA ISS4N 10/09 10/09 PACIAWDA USiM 11/01 11/09 csy 230 i oiz» um "/<* SS fc
      1,781 words
    • 724 24 BSAi o MYANMA WBm FIVE STAR LINE (Myanmar National Line) Loading for Yangon VESSEL VOY SIN PKI PEN PGU PAGAN 348W SID PAGAN 349W SID IN MALAYSIA: BOUSTEAD SHIPPING AGENCIES KUL/PKL: 03-*****388 PEN: 04-*****15 MACCEPTING CONVENTIONAL CGO VESSEL VOY HKG SIN PGU PKL KUC MARINE STAR 74 SLD SID SID
      724 words

  • THE BUSINESS TIMES SHIPPING TIMES
    • 8880 25 ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Desfn Name Name Number Number SIN Desfn Name Name Number Number mmmmmmmSmmmmmmmmmmmmrnmmmmmmmmmmmm To AQABA (AQJ) 2023 Jordan To ABIDJAN (ABJ) 2003 Cote D'lvoire 16/09 24/10 CMACGM api Panama 006E *****800 14/09
      8,880 words
  • Page 25 Advertisements
    • 555 25 Taiwan kee khh txg \Weekly Consol Service,/ Fj USA All IPI via LAX/NYC (MLB/AWS) LCL/FCL rates! HUB MARINE PTE LTD BOOKING: *****375/716 MAINLINE: *****866 FAX: *****066 OPfl CODE "D 2" CR NO **********0Z MARKETING SALES: KELVIN CHUA: *****535, MELINA LEE: *****187 PT KLANQ STORE YANOONi MIP STOW KUCHHO •SU VESSEL
      555 words
    • 666 25 r. FREIGHT LINKS EXPRESS PTE LTD JStmr 51 Penjuru Road, 3rd Level, W' Freight Links Express Logisticentre, Singapore *****3 WF Tel: *****511 Fax: *****577 C~ HnS'' AB* ATTRACTIVE RATES TO: «J' ALEXANDRIA GENOA KEELUNG KAOHSIUNG LE HAVRE MALTA MAHE MARSEILLE ]|SM2£ CEBU DALIAN HONG KONG JAKARTA QINGDAO SHANGHAI SURABAYA Wt*
      666 words
    • 396 25 H|l||HirattAß^3lsNOn^o^l?lsyo^nr^ TIGER SEA 316N 10-11/09 16 18/09 24 75/09 1 ■MUiiil TIGER SKY 317N 13 14/09 70 72/09 77 78/09 1 ■7HLLL3MTIGER WAVE 3IBN 17 18/09 23 75/09 01 02/10 I ■■■■■TIGER PEARL 319N 20 21/09 77 79/09 04 05/10 TIGER SEA 370N 74-75/09 30-07/10 08 09/10 K^ff^UultMllGf^Hßl^^^lO^^OM^/O^l^B/09 76-77/09 B
      396 words


  • MOTORING
    • 492 27  -  Company continues model offensive after taking over import functions By SAMUEL EE ElGHTmonths after taking over the importation of VW cars, Volkswagen Group Singapore (VGS) is introducing two new models this month the Polo five-door hatchback the Touran MPV. The 1.4-litre Polo supermini
      492 words
    • 370 27  -  By SAMUEL EE HIGH fuel prices seem to have caused motorists to switch to cheaper, loweroctane petrol in droves. Last Sunday night at a Shell station in Upper Bukit Timah, motorists who wanted to fill up with Shell Formula 95 were told that stocks had
      370 words
    • 305 27  -  By SAMUEL EE A NEW registration series is set to appear on car bumpers in November, which means the current SF series will have taken only twothirds of the time it took the previous SD series to run out. Bidding for the SFZ car
      305 words
  • Page 27 Advertisements
    • 618 27 Ranking A wards S 0R E SiVIE I? 00 Recognizing Singapore's Largest Corporations at Small and Medium Enterprises (SMEs) based on annual audited financial* tv w.v.: INVITATION FOR SUBMISSION OF AUDITED FINANCIALS FOR ANNUAL CORPORATE RANKINGS Ranking Period: 1 June 2004 31 May 2005 Closing Date for Submission: 30 September
      618 words
    • 74 27 MERITUS MANDARIN SINGAPORE > T 1 E* fCSßfcstta/ L Mid-Autumn Treats Mandarin Mooncakes 'ij? 2/ Aug 18 Se/> 2005 Savour our splendid new mooncake creations of Black Sesame Pine Nuts Mini Mooncake and Centpedak Yam Mooncake as well as our traditional signature favorites. Hotline: 6831 6069 Fax: 673 7 7334
      74 words

  • Page 28 Advertisements
    • 4792 28 Mentor Media Ltd MM Holdings Limited (Incorporated in the Republic of Singapore) (Incorporated in the Republic ot Mauritius) (Registration Number *****2450H) PROPOSED ACQUISITION OF MENTOR MEDIA LTD BY WAY OF A SCHEME OF ARRANGEMENT 1. Introduction Mentor Media Ltd Mentor Media') and MM Holdings Limited ("MM Holdings") are pleased to
      4,792 words
    • 4631 28 In the case of Mr Wong Yat Foo his Irrevocable Undertaking will terminate on the earliest ot (1) the date on which the Implementation Agreement is terminated (2) the Long Stop Date, and (3) the date the Share Scheme becomes effective provided however in the event the Share Scheme becomes
      4,631 words
    • 4628 28 (16) Investigations and Proceedings if Mentor Media (or any subsidiary ot Mentor Medial or MM Holdings (or any subsidiary of MM Hold ngs or any of their respective directors is or will be the subiect of any governmental quasi-governmental criminal regulatory or stock exchange investigation and/or proceeding, or (17) Analogous
      4,628 words

  • EXECUTIVE MONEY
    • 1461 29  -  MONEY MATTERS Using the wrong assumptions can dramatically ruin the chance of having a comfortable retirement PHILIP LOH IKE anyone who writes about retirement issues, I've long known that most people underestimate the magnitude of fund needed for their H golden years. It's not that IiMSiMI
      1,461 words
    • 5508 29 UNIT TRUSTS FUNDS dit-EuropazinslSSEq.) 97 395V Citigroup Asset Mgt ABN Amro Asset Mgt (S'pore) Crti Global Bond/* 1.473/ Star Europe Eqty— 0.863/ Citi Asa Infrastructure 0.7726/0.8035 Star Europe Bond 1287/ Citi Japan 1 Star Europe Bal 1.183/ CitiBond S pore A/J 1.295/ Stat Asian Tiger Eqty 1 046/ CitiBond S
      5,508 words
    • 1208 30  -  Low costs and a diversified portfolio are the biggest keys to outperformance, says John Brennan. GENEVIEVE CUA finds out more about the US mutual fund giant's investment strategies GENEVIEVE CUA SOME four to five years ago, an audience armed with pens and paper flocked to
      CHRIS LOH  -  1,208 words
    • 524 30 VANGUARD chairman John Brennan didn't always believe in low-cost or diversified investing. Here's how he started, and what he believes in as a personal investor. "1 didn't always believe in low-cost investing. I got my first share of stock when I turned 16.
      524 words
    • 779 30  -  <tax@kpmg> B J OOI and DENNIS MCEVOY give some pointers for owners of rental property B J OOI, DENNIS MCEVOY LAST month the government relaxed home financing rules raising the Loan-to-Value (LTV) limit on housing loans. With the new guidelines, home buyers can now borrow
      FILE PHOTO  -  779 words
  • Page 29 Advertisements
    • 26 29 PIMCO Global Real Return Fund a fund that is hedged against global inflation. AllicUIZ (fij) Rated 5-star by Mercer Investment Consulting Global investors company regn.no *****7169Z
      26 words