The Business Times, 14 October 2005

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Total Pages: 32
1 32 The Business Times
  • 15 1 THE BUSINESS TIMES SINGAPORE 85 cents online at http://business-times.asial.com.sg MICA (P) 089/03/2005 Friday, October 14,2005
    15 words
  • 432 1  -  BT exclusive By R SIVANITHY (SINGAPORE] From nowhere to fifth in the world. Thanks in part to a huge play on property stocks, trading in structured warrants in the July-September quarter hit $3.62 billion, making Singapore the world's fifth-largest warrant market in
    432 words
  • 136 1 STI 2,320.70 (+0.17) ST INDEX FUTURES 2,323.00 (unch) SIMSCI 275.59 (+0.24) SIMSCI FUTURES 276.20 (+0.50) MARKETS Thursday Change KLSECOMP 927.12 -1.37 NIKKEI 225 13,449.24 -14.50 HANG SENG 14,621.83 +46.81 SET INDEX 704.32 -4.88 JAKARTA COMP 1,090.54 -12.45 MANILA COMP 1,95$.01 -3.25 SEOUL COMP 1,193.44 -23.62 SHENZHENS 216.75 -1.95
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  • 600 1  -  New housing types are breaking up the market and putting a dampener on prices By ARTHUR SIM [SINGAPORE! The emergence of new types of private housing and cheaper landed homes at the lower end of the market has fragmented buying interest and caused prices
    Source: REALIS/Jones Lang LaSale Research October  -  600 words
  • Page 1 Advertisements
    • 100 1 RUSSIAN SEZ L Much is at stake for S'pore, says MM Lee In The Raffles Conversation tomorrow THE MAKING OF A SOFTWARE 1 GIANT *Lj SRamadorai heads Asia's JB biggest IT services and solutions 4 Jj^H company, Tata Consultancy Conversation he talks about the transformation the company the powerhouse txbusmesstms
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    • 5 1 DESIGN ggp lIH 8 *****1"*****4
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    • 201 1 China snubs OFF THE CUFF A day in the life of a court pg 29 /y^ I ibs&i 1L 1 1w j& j/P**^ r ,j^p^\|. tdVMWtc v ji Jl§ Ji^^. I Twin*. Few musicians can make the jewels sparkle the tenor to concerts Carreras a master an where a sense
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  • TOP STORIES
    • 579 2  -  It's a tough project and Singapore's credibility is on the line Reports by CHUANG PECK MING in Moscow SINGAPORE'S move to help Russia develop a special economic zone will be a tough and serious undertaking and its credibility will
      DESMOND WEE/ST  -  579 words
    • 245 2 [MOSCOW] Minister Mentor Lee Kuan Yew said he was surprised that Russia has approached Singapore for help to develop its special economic zones. "We're such a faraway country, they're a very developed technological power," he told Singapore reporters on Wednesday. "Let's not forget
      245 words
    • 562 2  -  By RONNIE LIM [SINGAPORE] All the signs point to Singapore embarking on a major project to import liquefied natural gas (LNG) as an alternative fuel source and a trading commodity. A feasibility study is almost complete, and officials are set to meet
      FILE PHOTO  -  562 words
    • 819 2 HDB may put more flats on resale market ENCOURAGED by the success of a trial scheme to move surplus unsold public flats on the resale market, the Housing and Development Board may sell another batch the same way. Under the trial introduced in May, 100 units were put
      819 words
    • 614 4  -  Board could invite more sales agents to take part in selling new batch By ALEXANDRA HO [SINGAPORE] Encouraged by the success of a trial scheme to move surplus unsold public flats on the resale market, the Housing and Development Board may put
      FILE PHOTO  -  614 words
    • 611 4  -  BT exclusive By MICHELLE QUAH [SINGAPORE] A criminal charge is not the only issue Lew Syn Pau had to grapple with through his dealings with listed Broadway Industrial group. BT understands the former MP was also involved in a protracted legal wrangle with
      611 words
  • Page 2 Advertisements
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    • 89 4 rzgjpi |ÜBRHjni p w» r sta||| 0 Soi|y DCR-HC42E MM Hantaan worth $1,149 when you subscribe hi The Business Times Online With The Business Times Online, real-time business and financial intelligence is only a click away. And if you subscribe now, you stand a chance to win a super cool
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    • 5 4 P I The Business Times
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  • COMPANY NEWS
    • 442 5  -  Disagreement with CDL on $788m deal spooks investors By LESLIE YEE SUNTEC Reit's share price was hit hard yesterday, closing at a low for this year of $1.10. This followed the Wednesday evening announcement by City Developments Ltd (CDL) that it
      442 words
    • 186 5 OCBC Bank has joined forces with Star Hub to launch mobile banking in Singapore through the mobile-Internet imode platform. Using their existing Internet banking access codes and PIN numbers, OCBC customers will be able to view their account balances and recent transactions on a
      186 words
    • 484 5  -  Distributable income of $30.8m is 8.4% above forecast By KALPANA RASHIWALA CAPITAMALL Trust (CMT), which owns seven shopping centres and is in the midst of buying Parco Bugis Junction and Jurong Entertainment Centre, yesterday posted a 19.9 per cent rise
      FILE PHOTO  -  484 words
    • 457 6  -  Move brings possibility of production as early as next year Reports by RONNIE LIM 1N DON ESI A has put a major new upstream project, the Jeruk oilfield off east Java in which listed Singapore Petroleum Company (SPC) has a 40 per
      457 words
    • 5407 6 UNIT TRUSTS FUNDS Citi Japan mMSahEEkMBKKKtKKM CitiBond S'pore A/$ 1291 *mra iuaf Utfit iCiwval CitiBond S pore B/$ 1341/ (S P re) n cm Money SGD Class A 1.0313/ Sur Europe Eqty 0.841 Crt| M s Dollar Class B 1 085/ S SSSf IS Citi PaivEurope Equity Fund 131 J'lfr
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    • 258 6 SEMBCORP Marine yesterday said it has completed its purchase of the Sabine Shipyard in Texas, giving it a much-needed base in the Gulf of Mexico for rig repair and refurbishment work, especially after the damage wreaked by recent hurricanes there. It said subsidiary PPL
      258 words
    • 543 6  -  HOCK LOCK SIEW By WONG WEI KONG BEFORE Temasek Holdings issued its first annual review a year ago, there was much anticipation. It was the first time in its then 30-year history that the Singapore investment company was making public its financial performance. Temasek's second
      543 words
    • 496 9  -  IPO WATCH MOU to further aquaculture research in Singapore By MATTHEW PHAN OCKANUS Bio-Tech (Holdings), a China-based aquaculture company that is eyeing a Singapore listing, has struck a research tie-up with an institute of National University of Singapore. The mainboard listing aspirant yesterday
      FILE PHOTO  -  496 words
    • 190 9 FIBRE manufacturer Hongwei Technologies is floating its shares on the mainboard with an initial public offer of 50 million new shares at 21 cents each. The offer, which opens today and closes on Oct 20, comprises three million public-offer and 47 million placement shares. The
      190 words
    • 132 9 LUXURY watch retailer Sincere Watch yesterday announced that its Hong Kong subsidiary's initial public offer price was fixed at HK$l.OB per share and that the public offer of 10.2 million shares had been 14.2 times subscribed. The final price is about mid-way between
      132 words
    • 496 9  -  By NANDE KHIN FORGFT those stock options and think of other perks, Singapore companies have been told. Just like in the US. the trend in Singapore is likely to be towards other sharebased compensation schemes as the pressure builds up on companies to consider
      496 words
    • COMPANY BRIEFS
      • 99 9 SINGAMAS Container Holdings is seeking a voluntary delisting from the Singapore Exchange main board, as a result of low trading volume for the past five years. The company said that the additional costs and administrative burden of maintaining the listing of its shares "does
        99 words
      • 48 9 THOMSON Medical Centre, together with a group of doctors, has formed a medical aesthetics services firm known as Thomson Aesthetics Centre Pte Ltd. Thomson Medical owns 51 per cent of the new unit, with the remaining 49 per cent held by the doctors.
        48 words
      • 55 9 ASIAPHARM Group, a China-based specialty pharmaceutical group that is listed on the Singapore mainboard, said its wholly owned subsidiary, Shandong Luye Pharmaceutical, will be supplying pharmaceutical products to the Vietnamese market. It will initially launch two of its key products, Maitongna and Lutingnuo, in the
        55 words
      • 63 9 C20 Holdings Ltd reported a 71 per centyear-on-year drop in net profit to $142,000 for the first half year ended Aug 31. 2005. despite turnover rising 20.9 per cent to $46.2 million. It cited higher administrative expenses arising from expansion and lower gross
        63 words
      • 65 9 ASCENDAS Real Estate Investment Trust (A-Reit) has renewed and signed new leases (including expansion) amounting to a total net lettable area of 25,429 sq m in the three months ended Sept 30, 2005. These leases represent 4.9 per cent of the net lettable area
        65 words
  • Page 5 Advertisements
    • 342 5 I I i 1 |^H If I j\ I B I Ulr V x B Int v —H I w L t i I ■j i r\ H y V J I HONGWEI TECHNOLOGIES LIMITED I Incorporated In Bermuda on 3 March 2005 Company Reglatratlon Number: ***** B Invitation in
      342 words

  • Page 6 Advertisements
    • 33 6 f~~ a ~r* r j r J4.U4 t. a AlliailZ (fil) AllianzGI Asia Tieer Fund a Fund that participates in Asia s growing economies. L Global Investors (<>11 <| >,tiiy icv;ii no IW 10/lh')/
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  • Page 7 Advertisements
    • 44 7 'i'"^BßHilt In 17' 111 "'IK [Ilk v.; j>,;v V<% -If ;r v C :'_-*ly 4?t v^ WEmih i j&tf. 3&&fcri&4& 'v. •>. J -<ifc£Mv-~ ,>*^uA^ftßuiA;~ ayfyi^^.:.] Joint Global Coordinators and Joint Bookrunners CREDIT FIRST f*& SUISSE boston Lehman Brothers WMerrill Lynch (Advisor to EFG International)
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  • SINGAPORE MARKETS
    • 545 8  -  STOCKS Market loses steam after starting week on a promising note R SIVANITHY Senior Correspondent FEAST and famine it's a phrase commonly associated with stockbroking (the other being that it's a "sunset industry", but we won't go into that here) and taken to mean
      Source: Bloomberg  -  545 words
    • TRADES TO WATCH
      • 401 8 CHINA-BASED Youcan Foods International yesterday said that its substantial shareholder Sam Goi Seng Hui has bought 128,000 shares in the frozen food maker on the open market on Wednesday, raising his direct interest to 1.07 per cent, from 1 per cent. The announcement
        401 words
      • 83 8  -  By CHEN HUIFEN THE deemed stake of Temasek Holdings' Nexgen Capital in JK Yarning International Holdings has fallen from a substantial 5.91 per cent to to 4.43 per cent. The change of interest on Sept 27 was a result of Nexgen
        83 words
    • Article, Illustration
      425 8 OTHER SINGAPORE INDICES Oct 13 VALUE CLOSE BT OB/OS -108.00 -42.00 BT CADI -*****.00 -9.00 BT 10-day MA -*****.00 -11.00 All-SG Equities 595.95 -0.69 SG Equities Elect 125.84 +1.42 SG Equities Fin 1711.34 +7.12 SG Equities Prop 736.07 -7.72 SIMSCi 275.59 +0.24 SiMSCI Futures 276.20 +0.50 MOST ACTIVE STOCKS VOLUME
      425 words
    • Article, Illustration
      995 8  -  Compiled by UMA SHANKARI City Developments Ltd Oct 13 close: $9.05 CIMB-GK RESEARCH, Oct 13 SUNTEC Beit has abandoned its intended Ss7BB million purchase of 11 properties from CityDev. It will, however, proceed with its Ss23o million acquisition of Park Mall from Wing Tai. Suntec Beit announced on
      Source: Bloomberg  -  995 words
    • 511 8  -  CURRENCIES LARRY WEE Senior Correspondent US interest rate worries yesterday combined with investor outflows to take the US dollar up to fresh highs for the year versus the Japanese yen, New Taiwan dollar and Indian rupee. In Asian curren- cy trading, the greenback
      Source: Bartap Capital  -  511 words

  • Page 9 Advertisements
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  • Singapore news
    • 292 10  -  By ARTHUR SIM HDB incurred a deficit of $637 million from its operations, a $208 million improvement on the previous year. 9,433 flats were sold under the home ownership scheme, 5,477 fewer than last year. 6,164 flats were completed with another 13,729 still under
      292 words
    • 359 10  -  Funds raised will go into capex, general working capital, says president By LESLIE YEE THE National University of Singapore (NUS) is looking to make its first issue of bonds, to help fund development projects. NUS is believed to be the first tertiary institution
      359 words
    • 349 10  -  By CHEN HUIFEN HOMEGROWN biotech firm Rockeby biomed is set to enter the African market, having just signed a fiveyear exclusive agreement with Pharmaplan South Africa to market and distribute its diagnostic test kit for thrush, or yeast infection. "South Africa
      FILE PHOTO  -  349 words
    • 255 10 He faces a 10-year jail term, RMlm fine or both Bernama [KUALA LUMPUR] A 34-year-old Singaporean was charged in the Sessions Court here yesterday with operating a futures market without approval from the Securities Commission (SC). Koh Chin Heng, manager of a property
      Bernama  -  255 words
  • Page 10 Advertisements
    • 2967 10 NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg BUY IT-SELL IT-FIND IT IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF FALCON PROPERTIES PTE. LIMITED Co. Reg. No. *****0865N (IN MEMBERS' VOLUNTARY LIQUIDATION) At the Extraordinary General Meeting of the members of the company duly convened and
      2,967 words
    • 359 10 IN THE MATTER OF THE COMPANIES ACT, CARSO AND IN THE MATTER OF INTERNATIONAL SINGAPORE BUILDING CENTRE PTE LTD (CO. REG. N0.*****2002R) (IN MEMBERS' VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING Notice is hereby given pursuant to Section 308 of the Companies Act, Cap. 50 that the final meeting of the
      359 words
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  • Page 11 Advertisements
    • 3424 11 NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg BUY IT -SELL IT -FIND IT «MM Wt£J f ££l JAYA HOLDINGS LIMITED (Company Registration No. *****2391E) (Incorporated in Singapore) NOTICE IS HEREBY GIVEN that the Fifteenth Annual General Meeting of Jaya Holdings Limited ("the Company") will be held at 13 Tuas Crescent, Singapore
      3,424 words
    • 1080 11 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF BRIGHTON LAUNDRY DRY CLEANING PTE LTD (In Members' Voluntary Liquidation) Reg. No. *****4975E NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the abovenamed Company duly convened and held at Blk 357 Hougang Avenue 7 #04-817
      1,080 words
    • 1066 11 IN THE MATTER OF THE COMPANIES AO. CHAPTER 50 AND IN THE MATTER OF FORMULA AUTO PTE LTD (Co. Reg. No. *****0510 M) NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the members of Formula Auto Pte Ltd duly convened and held on 10 October 2005 at 10.30 a.m.
      1,066 words

  • ECONOMY WATCH
    • 482 12 Chinese finance minister says Beijing will move at its own pace AP [BEIJING] China's finance minister yesterday rejected US pressure for a quick end to currency controls, saying ahead of a visit by his American counterpart that Beijing will move at its
      AP; REUTERS FILE PHOTO  -  482 words
    • 560 12 AFP [MULAN, China] Far from the neon-lit wonders of China's booming coastal cities, US Treasury Secretary John Snow yesterday saw how the dramatic course of economic reform is playing out in the country's heartland. On a side-trip in the remote western industrial city of Chengdu, Mr
      AFP  -  560 words
    • 385 12 LATEST US DATA Reuters [WASHINGTON] The United States trade deficit widened 1.8 per cent in August to its third-highest level on record as oil import prices hit a new high and imports of textiles and other goods from China also set
      Reuters  -  385 words
    • 254 12 Bloomberq [MOSCOW] Russia's foreign currency and gold reserves rose to a record U*****.9 billion, increasing for a seventh straight week the longest consecutive gain so far this year. The reserves climbed by US$3.3 billion in the week to Oct 7, the central bank
      Bloomberq  -  254 words
    • 273 12 Bloomberg [BERLIN] The European Central Bank said "strong vigilance" is needed on inflation as it edges closer to raising interest rates in the dozen-nation euro region for the first time in more than five years. "It is essential that the increase in the
      Bloomberg  -  273 words
    • 378 12 Reuters [BALTIMORE] In the debate over how to play Asia's biggest developing markets, money manager T Rowe Price Group Inc is tilting towards India and avoiding companies in China, although it says betting on the Chinese consumer makes sense too. The contrasts between
      Reuters  -  378 words
  • Page 12 Advertisements
    • 1147 12 LANTROVISION (S) LTD (Company Registration No. *****3374R) (Incorporated in the Republic of Singapore) NOTICE IS HEREBY GIVEN that the Annual General Meeting of LANTROVISION (S) LTD ("the Company") will be held at 102F Pasir Panjang Road, #03-08 Citilink Warehouse Complex, Singapore *****0 on Friday, 28 October 2005, at 10.00 a.m.
      1,147 words

  • MALAYSIA
    • 512 13  -  It signs up for US$500m agreement with UOB Malaysia By PAULINE NG in Kuala Lumpur TKNAGA Nasional, which aims to pare its debts to a more acceptable level over the coming years, looks set to rely more on multi-cur-rency revolving credit facilities
      512 words
    • 326 13 Reuters [KUALA LUMPUR] Malaysian Prime Minister Abdullah Ahmad Badawi is expected to reshuffle his Cabinet any day now, with sources saying yesterday that at least three ministers from a veteran line-up could be ousted. The rejig, possibly the biggest in
      Reuters  -  326 words
    • 2380 13 VOL General Corp 0.43 -0.01 137 Oct 13 Ml Om Genting J1.40 -0.20 670 George Kent .0.59 -0.01 20 A M Realty 1.65 unch 158 GHLSystems .0.12 unch 234 A^nc 3 2 GlobetronicsTech 0.29 -0.03 ***** ACP Industries 0.65 0.01 141 GlomacBhd 1.32 unch 1125 Advance Synergy 0.25
      2,380 words
    • 551 13  -  By S JAYASANKARAN in Kuala Lumpur A FURORE over non-Mus-lim participation in an ostensibly Islamic company threatens to block the listing of TH Plantations, the plantation arm of stateowned Lembaga Urusan Tabung Haji, or Luth. Luth is a unique Malaysian creation, the only
      551 words
    • BRIEFLY ASIA
      • 59 13 Reuters [KUALA LUMPUR] Malaysia's top investment banker, Nazir Razak. spoke on Wednesday of possibly entering politics in later life, following in the steps of his father, a former premier, and his brother, the current deputy premier. Mr Nazir, 38, youngest son of the late
        Reuters  -  59 words
      • 52 13 Bloomberg [KUALA LUMPUR] Malaysia's universal brokers must combine with a discount house to become investment banks, Bank Negara Malaysia said. This will boost "their potential to capitalise on larger business opportunities, diversify their sources of funding and enhance their market-making capabilities in the capital
        Bloomberg  -  52 words
  • Page 13 Advertisements
    • 124 13 Best for Advisory Portfolio Management 2 nd in Best Quality of Relationship Management and Service Best for Issues of Privacy and Security Best Range of Alternative Investments Best Quality of Products in Most Interesting Product Range ING was voted as one of the Top 3 Private Banks for Best Overall
      124 words

  • GREATER CHINA
    • 340 14 Partnership will give BP access to world's 2nd largest oil consumer Reuters [LONDON] Britain's BP Pic has held talks with Chinese officials about a possible partnership with top oil refiner Sinopec Corp, the Financial Times reported yesterday. The deal would be as
      Reuters  -  340 words
    • 568 14 Bloomberg, Reuters [HONG KONG] CNPC (Hong Kong) Ltd, a unit of China's biggest oil producer, says it will pay US$l4O million in cash for a larger stake in a company that has an interest in three oil fields in Kazakhstan. CNPC (Hong
      Bloomberg,; Reuters  -  568 words
    • 247 14 FUEL-THIRSTY CHINA Reuters [BEIJING] The pressure on China to find new energy supplies will grow over the next two decades as the government tries to meet soaring industrial and consumer demand, credit rating agency Standard Poor's said yesterday. The dramatic economic transformation was
      Reuters; Source: International Energy Agency, CSFB FT; AFP photo  -  247 words
  • Page 14 Advertisements
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    • 71 14 Value >lr ;»K .it \%'f .f»f) iirll |mt i••"in llilli I lire (liOKi ul rol I rr/lr.k/sutt firm Ls Menu N.im Gorenq lstimewa&. Hainanese Chicken Rico m Katsu Don Kamponq F ried Rice Sliced Fish Thick Beehoon Soup Sinqapore Laksa Fried Thai Style Kway Teaw (Pahd Thai) Grilled Chicken with
      71 words

  • GREATER CHINA
    • 485 15 Liaoning Securities also in talks with other potential foreign buyers Reuters [SHANGHAI] J P Morgan, seeking a foothold in China's potentially lucrative financial services sector, is in talks to buy a major slice of domestic brokerage Liaoning Securities, three sources familiar with
      Reuters  -  485 words
    • 370 15 Reuters [BEIJING] China Construction Bank's launch this month of the country's largest IPO could be a catalyst for deeper reforms in Chinese banking and other industries, analysts and bankers say. Massive injections of state cash, mergers and closures are aimed at transforming China's
      Reuters  -  370 words
    • 252 15 [HONG KONG] Brokers and banks are offering cut-throat margin financing rates for China Construction Bank's (CCB) huge share offer, which is expected to attract keen retail investor interest, the South China Morning Post reported yesterday. Yesterday, CCB set a price range of HKSI.9O (41
      252 words
    • 249 15 [HONG KONG] The sister of gaming mogul Stanley Ho has called on him to make a full and public explanation over allegations the bank he controls in Macau has links with North Korea's illicit fund-raising networks, the South China Morning Post reported. Winnie Ho
      249 words
  • Page 15 Advertisements
    • 1861 15 MANDATORY CONDITIONAL CASH OFFER by MARITIME PROPERTIES PTE LTD (Company Registration No. *****1018G) (Incorporated in the Republic of Singapore) for Singapore Shipping Corporation Limited (Company Registration No. *****1332G) (Incorporated in the Republic of Singapore) 1. Introduction Maritime Properties Pte Ltd (Company Registration No. *****1018G) (the "Offeror") wishes to announce that
      1,861 words
    • 1622 15 MAGNUS ENERGY GROUP LTD. (Company Registration No. *****1375 M) (Incorporated in the Republic of Singapore) NOTICE IS HEREBY GIVEN that the Annual General Meeting of Magnus Energy Group Ltd. (the "Company") will be held at 214 Dunearn Road, Copthorne Orchid Hotel, Makara Room Level 1, Singapore *****6 on Monday, 31
      1,622 words

  • INDIA
    • 579 16 IT giants facing challenge by Indian offshore providers in F&A outsourcing |NEW DELHI] Finance and accounting (F&A) outsourcing will be the next area which Indian offshore providers could be vying for, according to The Hindustan Times. IT giants like Accenture and IBM currently dominate the
      BLOOMBERG  -  579 words
    • 668 16  -  INDIA INSIGHT Safeguards to be in place to protect local 'mom-and-pop' shops ASHOK KUMAR In Mumbai SIGNS are evident that the Indian government is relenting on foreign investment in the retail sector once jealously guarded turf. The government proposes to permit
      668 words
  • Page 16 Advertisements
    • 276 16 I iHat r\ wig Die's father is a construction worker. m 1 1\ fc Her mother (toes part-time odd jobs. ku They barely earn enough for rent and to support Meng Die I L PR and her two school-going siblings. jfft jfo, jflMk tike any bright-eyed nine year old, Meng
      276 words

  • ASIA-PACIFIC/WORLD
    • 505 17 Better fee income, growth in loans, margin boost from rate hikes cited Bloomberg [BANGKOK] Most of Thailand's top banks are expected to report better thirdquarter profits next week on the back of new loans, higher fee income and a margin boost from higher
      Bloomberg  -  505 words
    • WORLD WATCH
      • 76 17 Bloomberg [NEW YORK] Refco's former chairman and chief executive officer, Phillip R Rennett, was arrested by US authorities and charged with securities fraud just two days after the company said he concealed US$43O million in unpaid debts. US prosecutors opposed bail for Rennett at
        Bloomberg  -  76 words
      • 79 17 AP [SEOUL] Hynix Semiconductor Inc, the world's second-largest memory chip maker, reported yesterday that third-quarter profit fell 3.5 per cent from the same period a year earlier on weaker chip prices. The company said it earned 511.5 billion won (*****.4 million) in
        AP  -  79 words
      • 88 17 AFP [TOKYO] Japan's biggest online shopping mall, Rakuten, yesterday said it had proposed a merger to major broadcaster Tokyo Rroadcasting System and has already bought al5 per cent stake in the group. Rakuten, which offers online shopping, travel, auctions and financial services," wants
        AFP  -  88 words
      • 136 17 AFP, Bloomberg [HONG KONG] The Asian edition of the Wall Street Journal unveiled its new-look tabloid format to readers yesterday in a teaser pullout ahead of the paper's relaunch next week. A dummy of the 38x29 cm paper was slipped inside copies of
        AFP,; Bloomberg  -  136 words
      • 87 17 Reuters [SEATTLE] Microsoft Corp and Yahoo Inc said on Wednesday that they will link up their free instant messaging services to create a combined community of 275 million users. The deal comes as they take on entrenched messaging leader AOL and market newcomer Google
        Reuters  -  87 words
      • 87 17 Bloomberg [TOKYO] Takashimaya Co, Japan's largest department store operator, said first-half profit rose 46 per cent on cost cuts and as a government campaign to cut office air conditioning prompted people to buy clothes for warmer workplaces. Takashimaya's net income rose to 7.86
        Bloomberg  -  87 words
    • 416 17 NYT [NEW YORK] Google gave the first details on Tuesday of how it would carry out its commitment to devote a share of its lucrative public stock offering to charity and social causes. It said it had donated US$9O million to a new charitable
      NYT  -  416 words
    • 426 17 AP [SAN JOSE, California] Apple Computer the company that revolutionised the way people listen to music with the popular iPod is trying to do the same with video. The company introduced a new iPod on Wednesday that is capable of playing everything
      AP; BLOOMBERG  -  426 words
    • 418 17 Alliance formed via 127.5 billion yen share swap AFP, Bloomberg [TOKYO] Japanese telecommunications giant KDDI and Tokyo Electric Power (Tepco) are merging their telecoms operations in a bid to challenge the dominance of industry leader NTT. Under the accord, KDDI, Japan's second-largest telecoms firm,
      AFP,; Bloomberg  -  418 words
    • 346 17 Reuters, AP [STOCKHOLM] British playwright Harold Pinter was the surprise winner of the Nobel Prize in Literature for 2005 yesterday. The 75-year-old Londoner, son of a Jewish dressmaker, is one of Britain's best-known writers for works such as The Birthday Party and The Caretaker.
      Reuters,; AP  -  346 words
    • 386 17 Reuters [NEW YORK] Web search engine Google and cable company Comcast Corp are reportedly in discussions to buy a stake in Time Warner's America Online in a deal said to be worth as much as US$5 billion. An investment would set the
      Reuters  -  386 words

  • AVIATION
    • 564 18 Its introductory fare for NY-Boston route squeezes traditional rivals Reuters INHW YORK] American Airlines and Delta Air Lines have cut New York-to-Bos-ton fares after Jetßlue Airways Corp entered the market, in a sign of how discount carriers are squeezing traditional rivals. American, controlled
      Reuters; BLOOMBERG  -  564 words
    • 283 18 Bloomberg (TOKYO] Skymark Airlines Co, Japan's largest low-fare carrier, said it's cutting unprofitable flights from Tokyo and adding new services next year as part of a move to reorganise routes. The Tokyo-based airline plans to abandon flights from Tokyo to the cities
      Bloomberg  -  283 words
    • 541 18 Bloomberg [SHANGHAI] US financier George Soros may invest another US$25 million in Hainan Airlines Co, part of a plan to reorganise China's fourth-largest carrier, fund acquisitions and growth, three company executives said. Mr Soros, who paid about US$24 million in
      Bloomberg  -  541 words
    • 190 18 Bloomberg [FRANKFURT] Rritish Airways pic (BA) and its Oneworld alliance partners plan to expand in Switzerland to take market share from Swiss International Air Lines Ltd and its future owner, Deutsche Lufthansa AG. BA, AMR Corp's American Airlines and Oneworld's other six carriers
      Bloomberg  -  190 words
    • 563 18  -  Dry run to include new ground facilities in Changi By VEN SREENIVASAN THE new Airbus 380 aircraft will touch down in Singapore next month, making Changi the giant dou-ble-decker plane's first stop outside Europe. The stopover in Changi will be part
      563 words
    • 1765 18 OTT a— WO WWW B» WW A«0«7 1850 LWJ770 2300 "Hi lH oral liso Pw. MB88 1«3S ttjjj 0B40 SQ443 6 $4»| 2045 E8«3 2120 1230 (£639 0745 SSnii &US 0920 #149 0525 -JSSST niS rin 1p?l u Hill taWqtaptn GAMg J915 GAM9 1350 £*404 1405
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  • SHIPPING
    • 461 19 Both items could reveal key details about construction of 'Mary Rose' Bloomberg [PORTSMOUTH] The anchor and a section of the bow from King Henry VIII's Mary Rose have been raised to the surface, 460 years after the warship sank off
      Bloomberg; AP  -  461 words
    • 795 19  -  ADMIRALTY CASEBOOK By SELVA KUMAR AN AUSTRALIAN court has upheld the decision of an arbitration panel that the phrase "final port of discharge" meant the port where cargo was ultimately discharged even if the seller and buyer had agreed for the
      795 words
    • 290 19 It handles 19% more boxes as trade surges Bloomberg [HONG KONG] Shanghai International Port (Group) Co, which operates China's busiest port, handled 19 per cent more containers in September than a year earlier as the country's growing trade increased sea freight. Cargo volume rose
      Bloomberg  -  290 words
    • 185 19 Bloomberg [AMSTERDAM] Rotterdam Port, the second-largest in the world, said it will reduce the number of employees by 10 per cent to 15 per cent in the coming four years to improve its finances as it expands to meet competition from other European
      Bloomberg  -  185 words
    • 285 19 SGX '000 Oct 13 g W- Vol CH Offshore 3.42 unch 762 Chuan Hup .0.90 -0.01 4392 Cosco Corporation .2.41 -0.04 4333 CWTDstrtoution 0.84 0.02 103 Ezra Hldgs 1.46 -0.01 2255 Freight Unks 0 07 uxii 120 Grand Banks Yacht .0.95 unch 0 Jaya Holdings 1.28 0.01 858
      285 words
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    • 142 19 MOL/ACL/SIMATECH Launch New NHAVA SHEVA TUTICORIN EXPRESS Service MOL/ACL/SIMATECH have announced plans to launch a new container service calling Nhava Sheva and offering direct links between Tuticorin to and from both Colombo as well as Singapore/Port Kelang beginning November 2005 The 3 member consortium said in a statement that the
      142 words
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  • EDITORIAL & OPINION
    • 554 20 EDITORIAL THE recent return of buying fervour in Singapore's property and car markets has added some long-missing buzz to the two sectors and raised expectations of a welcome fillip to the economy. At the same time, though, at the rate that the buying frenzy has built
      554 words
    • 762 20  -  THE BOTTOM LINE DAVID MASON SUCCESSFUL corporate governance requires an awful lot of honesty an honest executive, conducting honest business, monitored by honest non-executives, honest auditors and honest regulators. And a comprehensible set of rules by which to report the result of
      762 words
    • 1152 20  -  How we talk about stock markets has a lot to do with how people respond to market changes By TOM WALKER Cox AS a professor at Stanford University, Michael Morris says he was "in the centre of the dot-com storm" of the *****. Watching
      Cox; BLOOMBERG  -  1,152 words
    • 1517 21  -  Knowing pricing strategies helps firms correctly price their products By JOHN WALSH THE way in which prices, or price changes, are framed can greatly impact consumers' willingness to pay. Intuitively, we know people tend to prefer thinking in terms of gains rather than losses.
      FILE PHOTO  -  1,517 words
    • 579 21  -  By John Walsh IN 1999, Doug Ivester, Coca-Cola chairman at the time, announced that the company was developing new vending machines with a thermometer inside. The machine would automatically increase the price of soft drinks when it sensed hot weather, ivester said:
      579 words
    • 514 21 LETTER TO THE EDITOR ON page 5 of the September 21, 2005 issue of the Business Times, you published an article in the "Hock Lock Siew" section titled US Patent disclosures need to be streamlined. The article unfairly accuses Creative Technology Ltd of delay in
      514 words

  • Page 21 Advertisements
    • 564 21 ULTRO TECHNOLOGIES LIMITED (Company Registration No: *****0318G) (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Ultra Technologies Limited (the "Company") will be held at 1 Changi Business Park Avenue 1, #05-01 Ultra Building, Singapore *****8 on 31
      564 words

  • 10631 22 SGX MAINBOARP 52 Wk Td Last Vol Day Last Quote GrDtv Oiv GrYM Net MCap High Low Code Company Sate ('000) High Low Buyer Seller Cw P/E SniS 8.5 2 5716 1st Software 5c 3 -0.5 100 3 3 3 3.5 12.1 27 8 5 3148 8TelecomUS2c 8.5
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  • 6731 23 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES la lout curt l« S$ Hi US} dy yr *i*jr S yr dy %yr Oct 12 lnd« Change Change Change Change Change Change World InOPii Preliminary '*>> I 04 6.1 -04 SO 0.3 13 I tAH f'ri-limnary H956 Ob 159 -04 81 0.3
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  • Page 24 Advertisements
    • 1282 24 NYK GROUP SOUTH ASIA PTE LTD VTVir MxC V TEL:6295 0123 XV AlkliNE t*ffgdf MO 11 LINE Fax:6292 2856(Regionalsales)/6239 7109(OPS)/6299 5785(Documentation) NIPPON YUSEN KAISHA TOKYO tDPAKU KASHA. QO. "(C/R NO: **********0E) /Jp a, HEX 29 I CR#: 1378 *****000 Hfefc SENATOR LINES ajas SSBPS SKNATOR J(S. A.Pta LNI Main HtilSflMKtjJ
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    • 879 24 IINTEIASIA KOftO SWViCI VBSa/VOT mUKKT) HBGHTW) WC jj IP I SM I JKT STUITS VENTURE 71/05 IS 3.7 13/10 It/10 20/10 73/10 25/10 STRAITS VENTURE 22/ OS IS 3.2 27/10 30/10 03/11 N/11 01/11 STRAITS VEWTURE 23/05 IS 3.2 10/11 13/11 17/11 20/11 22/11 [AUSTRALIAN KOKO SIKVtCi vßsa/voT MMfffp HBGWTtmi
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  • Page 25 Advertisements
    • 1306 25 www.homburgsuj.com ASIA SERVICE SLING I (IXPORT) ASIA SERVICE SUMO 2 (EXPORT) ETA cti Vwwl/Voyoy SINCAPORE DORIAN SEPtTIIA SANTOS ITAiAI PARAHAGUA V ww |/V. Y m SINGAPORE WENOS AIRES RIO GRANDE SANTOS SIPtTItA (op Com*) 504W 19/10 30/10 09/11 10/11 12/11 13/11 Cop bul 527W 15/10 ***** W/Tl 11/11 13/11 Cop
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    • 1163 25 VESSEL VOY SIN JKT HKG KHH INC KTH PUS VESSEL VOY SIN JKT SUBfHKG USN PUS HYVUDIVQSTOK IMS 20/10 22/10 27/10 21/10 31/10 2/11 2/11 KMTC JAKARTA SMS Tt/io" 19/10 20/10 25/10" 2?/io" 10/io" HY PROGRESS IO3S 27/10 W/10 Vll 5/11 7/11 WW SUNSET MY 502S 23/ioT 26/10 27/10 1/11
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    • 673 25 I® s®as&» WEEKLY EXPRESS SAIUMG SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICD POINTS Vgsa voy 1 sm Ipjoanglcoiomooliisheva Icolomiq ■HP-WmmUHK-W-Hh-also acopimg kl to coo* iuikorm (via oaummm and kandu t goa (VIA N SWVA) CONNKTMG MOTHER VSIS ID UOR (TEJKSTOW. ROTTBUMM, HAMM6I AMP tAST COAST USA (NEW TOW,
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  • Page 26 Advertisements
    • 967 26 WW WALLENIUS WILHELMSEN website: http://www.2wglobal.com VESSEL VOY RAMP HEIGHT SIN IK ~MAO~ HOW ~MIA SAV HI ORF NTC ~~MEW~ 108 TALABOT AF552 400TMS 6.3 M 14/10 09/11 IS/11 22/11 25/11 25/11 TALISMAN AFS2B 3201 MS 6.4 M 26/10 20/11 29/11 03/12 07/12 05/12 TARONGA AF529 320TMS 6.25 M 09/11 03/12
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    • 593 26 BSA x MYANMA hH FIVE STAR UNE (HKysmor Natioaol Um) Lm*| fw Y«fM vßsa vor sw m pen pgu PAGAN 341W SU PAGAN 349W SID IN MALAYSIA: BOUSTEAD SHIPPING AGENCIES KUL/PKL 03-300 SOU PIN: 04-2*3311 S ACCEPTING COWVEiTIOBAL C6O vfisa vor kg sm pgu pu kik MAR Ml SIAI 7*
      593 words

  • THE BUSINESS TIMES SHIPPING TIMES
    • 9639 27 ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number Number SIN Dest'n Name Name Number Number 28/10 06/12 CMACGM API BRAZIL 016E *****800 To ABIDJAN (ABJ) 2003 Cote D'I voire 03/11 06/12 CMACGM LTC CAIVIN P
      9,639 words
  • Page 27 Advertisements
    • 236 27 Taiwan Kg KEE KHH txg \Wcckly Consol Service/ Efl —v_ usa All IPI via LAX/NYC (MLB/AWS) LCL/FCL rates! HUB MARINE PTE LTD BOOKING: *****375/716 MAINLINE: *****866 FAX: *****066 OPR CODE "DZ" CR NO **********0Z MARKETING SALES: KELVIN CHUA: *****535, MELINA LEE: *****187 PT KLANO S'POM YANOON: Mg» STOW KUCHNO BWJ
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    • 513 27 FREIGHT LINKS EXPRESS PTE LTD 51 Penjuru Road, 3rd Level, 8 Freight Links Express Logisticentre, Singapore *****3 Tel: *****511 Fax: *****577 TKMi 7 E-mail: flesin@singnet.com.sq "fT Website:http://www.freightlinks.net A ATTRACTIVE RATES TO: n|~! ALEXANDRIA GENOA KEELUNG KAOHSIUNG I LE HAVRE MALTA MAHE MARSEILLE BEyf'iiW* CEBU DALIAN HONG KONG JAKARTA QINGDAO SHANGHAI
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    • 113 27 6.ftJ GEWIKI LINES A» Agents: CROSSEAST SHIPPING P7l LTD operator code GK CR NO: 778 3202 0000 M Tel: 6327 1788 Fax: 6327 ISBB efflat boektogOooHiaUxanug WEBSITE KUCHING WEEKLY WEDNESDAY SAJUNO BINTULU 2 SAILINGS GMKIJOHM GJI6BE 15/10 16/10 17/10 If/10 GENIKIJOHM GJI7OE 21/10 22/10 23/10 2S/10 26/10 GEMIKt JOHM GJI72E
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    • 346 27 326H1W1^2n3/I^2Wl^ ■PPifll TIGER PEARI 327N 18-19/10 25-27/10 01-02/11 I HUi)|y||| TIGER SEA 328N 22-23/10 27-29/10 03-04/11 ■fTn| lim w 329N 25-26/10 01-03/11 08-09/11 I ■■■■TIGERWAVE 330 M 29-30/10 04-06/11 12-13/11 I TIGER PEARL 331N 01-02/11 08-10/11 1514/11 mmmmrnuirn 117 i7-i7/infnonKrmor;mr,nMiY ■RMMffIM TIGER CUFF 017N 17-18/10 23-25/10 02-03/11 I ■UUttfIxPRES LHOTSE
      346 words


  • executive lifestyle
    • 587 29  -  off the cuff jaime ee MORNING. Wake up. Get ready for court. Make sure have all materials ready. Bottled water. Check. Newspaper. Check. Mid-morning snack. Check. EZ Link card. Check. Umbrella. Oh yes. Pack everything neatly into small travel bag obtained
      587 words
    • 1908 29  -  What goes into creating a restaurant that can set itself apart from others? GEOFFREY EU talks to the people behind some cutting-edge ideas GEOFFREY EU SOMETIME in late--1996, Carl Kjellqvist was contacted by a local couple who were keen to break into the food and beverage industry. They
      1,908 words
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  • ARTS
    • 800 30  -  MUSIC MATTHEW PHAN looks at what's in store when the S'pore violinist and the Malaysian Philharmonic Orchestra perform next week MATTHEW PHAN JV HEN Singa- Jr porean violini* ist Kam Ning playing Finn- Jr ish composer mJ %fr Jean Sibelius' Violin Concerto in D
      800 words
    • 623 30  -  THEATRE By PARVATHI NAYAR INCARCERATE three theatre directors in rehearsals, but allow only one to direct and the other two to act. The results are: friction, ego clashes, too many cooks? Nothing quite so dramatic, say "director" Samantha Scott-Blackhall and "actors" Mark Waite and
      623 words
    • 625 30  -  By PARVATHI NAYAR THE name could be interpreted as edible, fluffy, or irreverent. However, the description that best applies to the aspirations of Cake Theatrical Productions, the newest theatre company in town, is the literal explanation of "cake": the creative blending
      625 words
    • 709 30  -  ART By NGIAM YING LAN AT Indian artist Ketna Patel's solo installation at The Esplanade, a giant pair of timber flip flops awash in supersaturated retro shades sits proudly amidst an iconography of contemporary Asian life. Around it, a smattering of objects think bird
      CHRIS LOH  -  709 words

  • CINEMA/PURSUITS
    • 632 31  -  BRAZILIAN FILM FESTIVAL NGIAM YING LAN checks out this year's offerings, which showcase the more sensitive side of Brazilian film NGIAM YING LAN Brazilian film has risen in prominence lately, thanks to recent hits such as Fernando Meirelles' City Of God a hard look at
      632 words
    • 490 31  -  FILM By NGIAM YING LAN IN lain Softley's (K-PAX, The Wings of the Dove) debut horror feature, protagonist Caroline (Kate Hudson) is told: "You don't see them till you believe you-can." Which is not hard to do since the movie is set in an ominous and crummy
      490 words
    • 312 31  -  CLUBS By GREG WALDRON ALCOHOL brands take great pains to give the impression that their various brews are more than mere pleasure delivery systems. Carlsberg is about friends, Moet Chandon is about fashion, and Johnny Walker is about being true to yourself and
      312 words
  • Page 31 Advertisements
    • 129 31 A DIFFERENT KIND OF HOME ENTERTAINMENT SYSTEM >r H l| H k >"' > the new 3*2* I and 3*2* IGS Series II DVD home entertainment system from Bose* If you thought home entertainment was too complex, here is something to think about Proprietary virtual surround sound using only 2
      129 words
  • Page 31 Miscellaneous
    • 240 31 CRYPTIC CROSSWORD ACROSS g BK Gets rid of one big bottle! 25 Awful scare with ten in 4™e lady's item of jewellery 22 Where items may be trouble going up mountain shows a fish (7) packed away as a precauagain? (8) ace mat's fixed clearly not tion (2,4) 26 Foreign
      240 words

  • DRIVE
    • Article, Illustration
      1319 32  -  GOH HWEE LENG explores the less well-known places on the French Riviera and finds there's plenty on offer for just about everyone GOH HWEE LENG FRANCE'S Cote d'Azur is full of nice surprises, and we don't just mean Nice, the town. The French Riviera in the south
      GOH HWEE LENG  -  1,319 words
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