The Business Times, 1 November 2005
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2005-11-01
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The Business Times
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Title Section15 2005-11-01 1 THE BUSINESS TIMES SINGAPORE 85 cents online at http://business-time&.asial .com.sg MICA (P) 069/03/2005 Tuesday; Novemberl,2oos15 words
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614 2005-11-01 1 CHUANG PECK MING - But retrenchments increase 18% from second quarter By CHUANG PECK MING ISINGAPORKI The strong economy has continued to produce jobs, cutting the unemployment rate to 3.3 per cent the lowest this year in the three months to Sept 30, preliminary614 words
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Article, Illustration742 2005-11-01 1 TEH HOOI LING - Some say a December general election could give market a lift By TEH HOOI LING ISINGAPORE] Analysts are divided'on whether there will be a year-end stockmarket rally in December, with some declining to commit one way or the other because the outlook is uncertain.Compiled by BT - 742 words
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Page 1 Advertisements
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Advertisement33 2005-11-01 1 COMMENTARY Tricky road ahead for Reit funding PG3 SME SPOTLIGHT r?t 11 T/ #4 W JHB t -;<&v k *E$5S Home brew Boncafe going places PG 7 l^^M. F PGB l-' 4.$ MFL33 words
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Advertisement47 2005-11-01 1 COMPANIES MHv V| Citiraya ropes in two more new investors i M^H^U^Bz!iiil£lli BT ONLINE BT print subscribers get free access to the Business Times Online. To activate your account log on to http://business-times.asial .com.sg For more information, e-mail btocs®sph.com.sg or call 6388-3838. m Markets Digest Pg 247 words
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Advertisement100 2005-11-01 1 ■UHJAMN Koizumi hints at successor in cabinet reshuffle PG2 S PORE STOCKS SGX market cap down 4% in Oct N5 1 fit■' > tt v > Sir f JaL: t I I -r-4 K j A I t jßj^ v Wristwatch 'Orande Complication" in 16-carat yollow gold Still winding mechanical100 words
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TOP STORIES
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491 2005-11-01 2 MATTHEW PHAN - Major software firms offer big discounts to speed up compliance By MATTHEW PHAN [SINGAPORE] Almost a third of small and medium enterprises are not fully compliant with new software copyright laws that took effect on Jan 1 this year, a491 words
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Article, Illustration720 2005-11-01 2 ANTHONY ROWLEY - JAPAN'S CABINET RESHUFFLE By ANTHONY ROWLEY in ioKyo JAPANESE Prime Minister Junichiro Koizumi yesterday appeared to anoint Shinzo Abe a politician who shares some of his more controversial views as his successor. In a Cabinet reshuffle, Mr Koizumi named Mr Abe the government'sPHOTOS: AFP - 720 words
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Article563 2005-11-01 2 Koizumi hints at successor in new Cabinet lineup JAPANESE Prime Minister Junichiro Koizumi appeared to anoint Shinzo Abe, who shares some of his more controversial views, as his successor by naming him as the government's chief spokesman in a Cabinet reshuffle yesterday. But in naming Taro Aso, another563 words
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535 2005-11-01 2 CHEN HUIFEN - Advisory council nod for $90 million A*Star initiative By CHEN HUIFEN [SINGAPORE] The Singapore Biomedical Sciences International Advisory Council (BMS lAC) has endorsed several proposals put forward by the* Agency for Science, Technology and Research (A*Star), under which the agency will spend $90 million535 words
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Article136 2005-11-01 2 STI 2,216.77 (+24.36) ST INDEX FUTURES 2,216.00 (+24.00) siMsa 262.67 (+3.15) SIMSa FUTURES 263.40 (+4.40) MARKETS Monday Change K1SEC0MP 910.76 +4.97 NIKKEI 225 13.606.50 +259.96 HANG SENG 14,386.37 +170.54 SET INDEX 682.62 +0.37 JAKARTA COMP 1,066.224 +7.968 MANILA COMP closed SEOULCOMP 1,158.11 +17.39 SHENZHEN B 189.23 +2.70 MUMBAIIND136 words
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Page 3 Advertisements
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Advertisement39 2005-11-01 3 •>*• WWI i'" VV S *T J%?-^Pd' &'%<Xt'r >. ft -%t ...v, v aea ,JlJ,e! ij I ■h. Changi Airport is now served by 83 airlines with flights to over 180 cities in 56 countries worldwide. tm. htmw 5ZJ£tSj5 Aiesv PTSNGAPdRE39 words
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COMPANY NEWS
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Article, Illustration812 2005-11-01 3 MICHELLE QUAH - Observers say move could help company in fight for survival before the court By MICHELLE QUAH CITIRAYA Industries got a further shot in the arm yesterday as white knights Heshe Holdings and tycoon Oei Hong I.eong's Chip Lian Investments roped in twoFILE PHOTOS - 812 words
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696 2005-11-01 3 LESLIE YEE - HOCK LOCK SIEW By LESLIE YEE IT'S almost four years since Capi-tal-and cancelled the initial public offering of Sing Mall Property Trust (SPT) in November 2001 because demand fell short. SPT was subsequently renamed Capita Mall Trust (CMT) and became the first real estate696 words
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Article, Illustration500 2005-11-01 5 DONALD URQUHART - CORPORATE EARNINGS Group warns cost pressures and rising container capacity may pose challenge By DONALD URQUHART NEPTUNE Orient Lines (NOL), operator of the world's sixth largest container line APL, posted its seventh quarterly gain up 6 per cent on the back ofBLOOMBERG FILE PHOTO - 500 words
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Article, Illustration370 2005-11-01 5 CONRAD RAJ - By CONRAD RAJ ASIATRAVEL.COM Holdings has decided that its $7.26 million investment in budget carrier Valuair is not likely to bring in any dividends for the foreseeable future and has written it off. The company, which provides online airline and hotel bookings, announcedFILE PHOTO - 370 words
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151 2005-11-01 5 FOOD and beverage maker Yeo Hiap Seng's Malaysian subsidiary, Yeo Hiap Seng (Malaysia) Berhad (YHSM), has posted a 24 per cent drop in third-quarter net profit. For the three months ended Sept 30, YHSM's net profit fell to RM2.5 million (551.12 million)151 words
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431 2005-11-01 5 CONRAD TAN - By CONRAD TAN ANALYSTS gave a cautious thumbs-up to the two largest banks here yesterday following the release of their third-quarter results last Friday. But their optimism was tempered by concerns over falling interest margins for one, and poor Treasury performance for the other. United431 words
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Article699 2005-11-01 5 WONG WEI KONG - STI sheds 3.8% and billion-dollar club is down by two to 68 By WONG WEI KONG OCTOBER has lived up to its notoriety as a bad month for stocks, with the Singapore market losing $18.6 billion in market capitalisation as interest-rate fears combined699 words
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Article, Illustration469 2005-11-01 5 WONG WEI KONG - By WONG WEI KONG TWO Ei-Nets executive directors withdrew from standing for re-election at the information technology company's annual general meeting (AGM) yesterday. Executive deputy chairman Phua Teck Chew and executive director Tan Siok Sing were both slated to stand for re-election with469 words
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279 2005-11-01 5 CAPITALAND continues to expand overseas. The Capitaßetail Japan Fund, which it sponsored and manages, has bought its third asset a freehold mall in Chiba Prefecture, Greater Tokyo, for about 21 billion yen (*****.2 million). The seller is a unit of a279 words
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COMPANY BRIEFS
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69 2005-11-01 5 RAFFLES Holdings announced yesterday that its deputy chief executive officer Leong Wai Leng has stepped down from her post following the completion of the group's divestment of its entire hotel business to US-based investment fund Colony Capital. However, Ms Leong has agreed to remain69 words
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Article63 2005-11-01 5 CHUAN Hup Holdings has reconstituted its board of directors following the completion of the sale agreement between the company and Habib Corporation Bhd (now known as Scomi Marine Bhd). The changes include Peh KweeChim. a substantial shareholder, resigning as managing director but staying on as63 words
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67 2005-11-01 5 THANKS to contributions from joint ventures and associates, restaurant chain Tung Lok turned in a net profit of $297,000 for the six months to Sept 30. after chalking up losses of $1.86 million in the same period last year. Revenue slipped from $29.8 million67 words
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116 2005-11-01 5 RAFFLES Marina has got the green light from the court to go ahead to swap co-ownership of the club for $27.7 million worth of unsecured loans held by its members. The club members have voted to take a stake in the club despite its problems.116 words
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SINGAPORE MARKETS
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Article, Illustration552 2005-11-01 4 R SIVANITHY - STOCKS Banks push index up 24 points but brokers are circumspect about how the rest of the week might develop R SIVANITHY Senior Correspondent LIKE a rubber band that's been stretched too far in one direction, the local stock market snapped back yesterdaySource: Bloomberg - 552 words
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544 2005-11-01 4 CHUANG PECK MING - TRADES TO WATCH By CHUANG PECK MING HSBC Investments (HK) returned as a substantial shareholder of Wing Tai Holdings last week when it bought 842,000 of the property, food and apparel group's shares at $1.39 per share in the open market. The544 words
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Article, Illustration420 2005-11-01 4 OTHER SINGAPORE INDICES Oct 31 VALUE CLOSE BT OB/OS -554.00 +252.00 BT CADI -*****.00 +88.00 BT 10-day MA -*****.00 -55.00 All-SG Equities 570.39 +5.39 SG Equities Elect 119.50 -0.03 SG Equities Fin 1629.13 +16.11 SG Equities Prop 697.64 +15.89 SIMSCI 262.67 +3.15 SiMSCI Futures 263.40 +4.40 MOST ACTIVE STOCKS VOLUME420 words
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Article1091 2005-11-01 4 UMA SHANKARI - Compiled by UMA SHANKARI United Overseas Bank Group Oct 31 close: $13.80 PHILLIP SECURITIES RESEARCH, Oct 31 UOB's third-quarter results show an impressive year-on-year net profit growth of 24.6 per cent to $463 million from $371 million, mainly driven by higher fee and commission income. Total income from1,091 words
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Article, Illustration448 2005-11-01 4 CURRENCIES AFP [TOKYO] The US dollar was rangebound in Asian trade yesterday as the market took a cautious stance on the eve of a Federal Reserve meeting expected to bring another rise in US interest rates, dealers said. They said there seemedAFP; BLOOMBERG - 448 words
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SINGAPORE NEWS
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305 2005-11-01 6 LESLIE YEE - Best way to deal with consumer debt is education and responsibility By LESLIE YEE THF Monetary Authority of Singapore (MAS) is keeping an open mind on a call last week by Credit Counselling Singapore (CCS) to put an overall caj3 on the305 words
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285 2005-11-01 6 CHEN HUIFEN - By CHEN HUIFEN THE Agency for Science, Technology and Research (A*Star) yesterday signed a memorandum of understanding with Sweden's Karolinska Institutet (KI) to partner each other in a joint PhD training programme for biomedical sciences. The pact will see A*Star sponsor up285 words
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Article, Illustration429 2005-11-01 6 MICHELLE QUAH - By MICHELLE QUAH THE Urban Redevelopment Authority (URA) got a boost to its earnings from an unexpected quarter last year operating income jumped almost 30 per cent thanks to a one-off adjustment to its share of revenue from parking coupons. Operating429 words
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430 2005-11-01 6 MATTHEW PHAN - By MATTHEW PHAN ROCKWELL Automation, a New York-listed company that had US$4.4 billion in sales and over 22,000 staff members worldwide in 2004, is establishing an Asia-Pacific Business Centre in Singapore. David Johnson, director for Rockwell's operations in Korea, who will430 words
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316 2005-11-01 6 ADASIA is making a comeback to Singapore after 25 years. And Singapore Press Holdings (SPH) will be one of the main sponsors of the conference the advertising and communications industry's premier event. The biennial conference last held here in 1980 takes place at316 words
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Article, Illustration483 2005-11-01 6 ALEXANDRA HO - Panel assessing exclusions may be ready in 2007 By ALEXANDRA HO BEFORE the integrated resorts (IRs) open in 2009, compulsive gamblers or their family members can apply to the National Council on Problem Gambling (NCPG) to ban them from ever entering theFILE PHOTO - 483 words
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Advertisement29 2005-11-01 6 Get a Leading Edge Your sailing schedules get wider attention in The Business Times shipping pages Call Bernard Ong at 631 9-1645 or Michael Chng at 6319-2062 Shipping Times29 words
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SME spotlight
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Article, Illustration577 2005-11-01 7 UMA SHANKARI - The homegrown company that makes Boncafe products is expanding its presence abroad, says UMA SHANKARI UMA SHANKARI WHILE the gold-pack-aged products ofßoncafeare often seen on the shelves of supermarkets such as Cold Storage and NTUC Fair Price, the homegrown company that makes the coffeeCHRIS LOH - 577 words
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Article, Illustration552 2005-11-01 8 OH BOON PING - And because catering has low profit margins the company is diversifying into other businesses such as family restaurants. OH BOON PING reports OH BOON PING FOR caterer Stamfles Food, the ability to adapt to changing taste buds is the key to survival in aYEN MENG JIIN - 552 words
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Article, Illustration710 2005-11-01 8 NANDE KHIN - By NANDE KHIN ELECTRONIC payment solutions provider AXS InfoComm has a three-point plan to increase the number of AXS terminals and see them in homes and overseas markets, says founder and CEO Joey Chang. The company, which offers e-applications such as bill payment throughFILE PHOTO - 710 words
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Article, Illustration916 2005-11-01 8 DAVID TOH, EVELYN LIM - By DAVID TOH, EVELYN LIM DIRECT investments in China continue to be strong as the country remains a lowcost manufacturing base, a paradise for sourcing and procurement and a strong consumer market for goods and services. Since the opening of China's trading andAFP - 916 words
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Article, Illustration967 2005-11-01 9 CHAN CHEE KEONG - and sense of storage applications SMEs need a solution that will maximise storage resources, says CHAN CHEE KEONG CHAN CHEE KEONG STORAGE technology is critical to solving business and regulatory issues today. Driven by globalisation, e-commerce, e-mail, and the digitisation of media and information, enormous increases in the amount ofFILE PHOTO - 967 words
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Page 7 Advertisements
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Advertisement172 2005-11-01 7 jez nnfi e i HfTTrßte #02-13 JH |H B aw .*i I I jjSBMHB I Podium B f t" «T"" „r' nil ir~x"jr'jrL jnfl ha a aAAi 3451 Jalan Bukit Merah eg rated concept CUniAfDnOM HAR N D G W S^ O E N PTE LTD 'II lfi trssss^ 1172 words
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Page 9 Advertisements
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Advertisement79 2005-11-01 9 FOR SALE 4- 0. •<" r BY TENDER .0f >V 9 rai 0.5 square wah of Prime Freehold Land V- Fronting Ploenchit Road Bangkok m l '4.. I#f| Submission Date December 15, 2005 V f-' j.|-' .I;* 4»; •"s;* :<• 'h 'k■ i h ;f ...ft. For further information and79 words
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ECONOMY WATCH
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Article, Illustration607 2005-11-01 10 Chances of raising rates wilt come in April, it says Bloomberg [TOKYO] Japan's central bank said yesterday that more than seven years of deflation will end this fiscal year and that the chances of it raising interest rates from zero perBloomberg; Source: Bloomberg - 607 words
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463 2005-11-01 10 Think-tank cites limitations of global market and protectionism Reuters [BEIJING] China says export growth will lose stearn next year amid a rising trade spat. "China's exports have maintained fast growth for four successive years and it's difficult to keep up suchReuters - 463 words
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297 2005-11-01 10 Reuters [BEIJING] China's current account surplus for the first half of the year rose nine-fold, topping 8 per cent of gross domestic product (GDP) as booming merchandise exports swamped a deficit in services trade, official figures showed yesterday. The foreign exchangeReuters - 297 words
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Article, Illustration738 2005-11-01 10 Bloomberg [NEW YORK] Ben Bernanke will be as zealous in fighting inflation as Alan Greenspan when he takes over as chairman of the Federal Reserve in February, Wall Street's biggest bond-trad-ing firms say. They expect Fed policy makers to raise theBloomberg; BLOOMBERG - 738 words
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Page 10 Advertisements
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Advertisement17 2005-11-01 10 I t$L I jj Lianhe Zaobao I becoming I I popular I I B*«iBi%iS I I* J17 words
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Advertisement7 2005-11-01 10 BlMßßPiilMMVtflOHßll^^roSllßtftllMI|g|3B ,^H ffiEflß the Business times J7 words
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MALAYSIA/INDONESIA
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Article, Illustration702 2005-11-01 11 SHOEB KAGDA - INDONESIA INSIGHT Rising intolerance and radicalism must be stopped before they destroy Indonesia SHOEB KAGDA Jakarta Correspondent MILLIONS of Indonesians will head home this week across the vast nation to celebrate Hari Raya with their families and loved ones. But even as they count702 words
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215 2005-11-01 11 [JAKARTA] In a bid to attract exploration efforts in the country's eastern frontier, the Indonesian government is drafting new incentives, which may involve a shorter commitment period for exploration, says a report in the Jakarta Post. Chairman of the Upstream Oil215 words
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478 2005-11-01 11 Largest Indon telco earned 2.08t rupiah in third quarter Reuters [JAKARTA] Indonesia's largest telecommunications firm, PT Telekomunikasi Indonesia Tbk, posted an 11.4 per cent drop in quarterly net profit yesterday, as a weakened rupiah currency boosted debt-servicing costs. A weaker rupiah inflates the company'sReuters - 478 words
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Article156 2005-11-01 11 Reuters [KUALA LUMPUR] Malaysia is setting up a new agency to help borrowers overhaul their debts as lending to households grows, although overall bad debts are still manageable. The central bank, Bank Negara, said the Credit Counselling and Debt Management Agency would help consumers restructure housing,Reuters - 156 words
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415 2005-11-01 11 Economy forecast to expand 6.2%, up from 6% this year Bloomberg [JAKARTA] Indonesia's Parliament yesterday approved capping the 2006 budget deficit at 0.7 per cent of gross domestic product (GDP), narrower than this year's forecast of 0.9 per cent, a lawmaker said. Parliament hasBloomberg - 415 words
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Article2303 2005-11-01 11 VOl General Corp 0.41 unch 47 Oct 31 8M fOOO) Genting 20 6C 0.10 801 Georae Kent 0.60 0.02 4# A»M Realty 1.60 unch 0 GHL Systems All 0.01 265 Abric 0.29 -0.01 25 GtobetronksTech 037 unch 1276 ACP Industries 445 0.03 2 GlomecBhd... 1.20 0.01 88 Advance2,303 words
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GREATER CHINA
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426 2005-11-01 12 Price undisclosed, but Orica had hoped to fetch US$230m or more Reuters [MELBOURNE] China National Chemical Corp (ChemChina) has agreed to take over Qenos, Australia's top plastics maker, from Orica Ltd and Exxon Mobil Corp, in a sale Orica had hoped would fetch more thanReuters - 426 words
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Article, Illustration438 2005-11-01 12 (BEIJING] Pressure is increasing on China National Offshore Oil Corporation (CNOOC) to find new sources of liquefied natural gas (LNG) following last week's announcement of a long-term contract between Chevron and Japan's main gas distributor, according to a report in the Financial Times. China's438 words
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461 2005-11-01 12 Manufacturers say yuan revaluation is hitting bottomline Reuters [GUANGZHOU] From Zhang Weijie's perspective, things haven't exactly looked rosy since China tweaked the value of its currency in July. The yuan is high on the list of factors that the maker ofReuters - 461 words
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234 2005-11-01 12 AFP [SHANGHAI] Bank of China (BOC) sought yesterday to downplay reports claiming the bank's largest shareholder, China's Central Huijin Investing Corp had voted against a multi-bil-lion-dollar investment plan by Singapore's Temasek Holdings. China's leading financial publication, Caijing Magazine said in its latest issueAFP - 234 words
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Page 12 Advertisements
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Advertisement230 2005-11-01 12 Z'^Ai 4 pytfejv k2®»JfcL BAN 4- •>, <•'•'••* v ft < > < > •> "•><'' Vv 'V A 5 i r v/ '..i\ v $m> m J«j'ai. iii <r :> CRAIG TEGEL MARTINE SITBON SHEKHAR KAPUR MALCOLM MCLAREN THAM KHAIMENG 808 ISHERWOOO REM KOOLHAAS JOHN HOWKINS Senior Director, AP230 words
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INDIA
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Article, Illustration495 2005-11-01 13 Investors bet on economic growth, corporate profits, consumer spending Reuters [MUMBAI] Jndia's financial markets yesterday looked past the weekend bomb blasts, with stocks rising as investors judged that prospects for one of the world's fastest growing economies were not in jeopardy. The partiallyReuters; AFP - 495 words
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520 2005-11-01 13 ASHOK KUMAR - Banks will have to be ready to raise interest rates By ASHOK KUMAR in Mumbai THE Governor of the Reserve Bank of India (RBI), Y V Reddy, has a penchant for thinking out-of-the-box. Using a modest 25 basispoint hike in the reverse520 words
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363 2005-11-01 13 [ISLAMABAD] Pakistan has cancelled the US$2.6 billion sale of a controlling stake in state-owned Pakistan Telecommunications (PTCL) to United Arab Emiratesbased Ktisalat, said a report in the Financial Times. The London paper said the development a further setback to the country's economic reform363 words
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453 2005-11-01 13 Relaxation of investment curbs expected to trigger influx [LONDON] Britain's Vodafone Group may be the first global telecoms giant to act on India's relaxation of foreign direct investment limits, but if industry pundits are correct, it will not be the last,453 words
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Article, Illustration424 2005-11-01 13 [NEW DELHI] The political future of India's foreign minister was under threat after he was named as an alleged recipient of bribes from Saddam Hussein in an independent report by former Federal Reserve chairman Paul Volcker, the Financial Times reported. Opposition leaders inREUTERS - 424 words
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Page 13 Advertisements
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Advertisement126 2005-11-01 13 Presented Diners Club Card To applet call 6416 0980 A World of Exclusive Privileges Treats Diners Club L VHHHP wtcuxJiners.com.sg International mw jFfr ITePT^B i y if Singapore Feast Plaza Brasserie 1 30 November 2005 I loin HuiiKiitcM' Milny lii ilniiiin i(i|iik iii live rliiinkcn pinwir. V.r 11' (M villi)126 words
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Advertisement95 2005-11-01 13 If you love food from the Land of the Rising Sun, this promotion is a JU great opportunity to give your taste buds a treat! Offerings include Kitsune Udon (Japanese noodles in a clear broth served with bean curd and seaweed), Tori fl Karaage (Fried chicken in seasoned flour served95 words
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ASIA-PACIFIC
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482 2005-11-01 14 Revenues up 5.6% to US$19.6b in Sept as firms bet on the digital consumer Reuters Bloomberg [AMSTERDAM] Global sales of semiconductors haven risen strongly ahead of the end-of-year shopping season, driven by booming demand for cellphones, computers and electronic gadgets for theReuters; Bloomberg - 482 words
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Article, Illustration418 2005-11-01 14 Reuters [SEOUL] Samsung Electronics, the world's top maker of flat screens, will start mass producing new generation of liquid crystal display TV panels in April, the company said yesterday. The announcement comes as analysts are concerned that the LCD industry could face overcapacity nextReuters; AFP - 418 words
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222 2005-11-01 14 Bloomberg [TOKYO] Hitachi Ltd, Japan's largest maker of electronics, had a sec-ond-quarter profit decline of 48 per cent because of losses at the harddisk drive and flat-panel display businesses. The company cut its annual profit target. Net income fell to 13.1 billionBloomberg - 222 words
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Article5202 2005-11-01 14 UNIT TRUSTS FUNDS .■MnfHRfHHBHBB GHondSfeare A/S 1288/ -J. ■SUIIUSSfiHHHHH UtiBond S'ppre BS$ _1.33% ami Ann. 4...t im Citi Money SGD Class A 1.0319/ 0 825/ C*> Money Sing Dollar Class 1.0858/ if™ Cm Pan-Europe Equity Fund 1.27/ 124 CitiSelect Asia Tilt Balanced 1.41/ n <*% CitiSelect Asia Tilt Growth 138/5,202 words
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Page 14 Advertisements
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Advertisement45 2005-11-01 14 AllianzG! Global Internet Fund Winner of the Sector TMT Global (3Year) Category' AlliailZ (jfi) and Best Equity Sector Information Technology Fund over 1 Year" Global investors Source: Standard Poor's 2005 Singapore Fund Awards The I dge-l ippei Singapore Funds Awards 2004 company regn. no *****7169Z45 words
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WORLD
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559 2005-11-01 15 Taiwan, Indian currencies could suffer most in further outflows Reuters [SINGAPORE] Asian currencies have taken a hit as regional stock markets have fallen out of favour with foreign investors. And the New Taiwan dollar and Indian rupee are likely to suffer the most from anyReuters - 559 words
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Article, Illustration358 2005-11-01 15 Round-the-World Yacht Race. Leg 2, Race 3, Day 6 SINGAPORE were having a private race with Victoria, until they were joined on Monday morning by New York. Feeling that three is a crowd they snudc off south, while the other two remained in an almost matrimonial battle dose358 words
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WORLD WATCH
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115 2005-11-01 15 AP [WASHINGTON] American consumers got back into a buying groove and boosted their spending by a solid 0.5 per cent in September. Incomes also grew briskly. The latest figures, released yesterday by the Commerce Department, suggested that the economy is holding up well toAP - 115 words
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58 2005-11-01 15 Bloomberg [BANGKOK] Thailand posted its third consecutive monthly current account surplus in September, helped by rising exports of farm produce, rubber and electrical goods. The surplus widened to US$B77 million from US$lO7 million in August and US$l69 million in July, the central bankBloomberg - 58 words
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79 2005-11-01 15 Reuters [SEOUL] South Korea's Kookmin Bank beat market expectations with a record quarterly profit as lower bad-debt costs and rising fees from equity and insurance products eclipsed slower lending growth. The bank earned a record 923.9 billion won (Ssl.s billion) in the quarter endedReuters - 79 words
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106 2005-11-01 15 Reuters [TOKYO] Japan's Orix Corp yesterday said it is to buy US investment bank Houlihan Lokey Howard Zukin for about US$5OO million. Japan's largest leasing firm said it and Los Angeles-based Houlihan will set up a joint venture in corporate finance asReuters - 106 words
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72 2005-11-01 15 AP [TOKYO] The risk of mad cow disease infection from US beef is extremely low if proper precautions are taken, a Japanese government panel ruled yesterday, in a decision expected to lead to an easing of an import ban that has caused tensionsAP - 72 words
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254 2005-11-01 15 AFP [BANGKOK] Tsunami-ravaged Phi Phi island will try to attract higher income earners and limit tourist numbers to reduce environmental damage on the fragile island off Thailand's south-west coast, Deputy Prime Minister Pinit Jarusombat said yesterday. A proposed plan requiring Cabinet approval wouldAFP - 254 words
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402 2005-11-01 15 [LONDON] GE Commercial Finance Real Estate, the world's largest property business, is to spend US$5 billion in Asia and US$3 billion in Mexico as it ramps up its exposure to the markets, says a report in the Financial Times. The group,402 words
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Article, Illustration474 2005-11-01 15 AFP AP [BRISBANE] Health officials from Pacific Rim countries yesterday discussed the possibility of nations sealing their borders as a way of preventing the spread of a full-scale bird flu pandemic, a senior Australian official said. The official, who declined toAFP; AP; REUTERS - 474 words
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521 2005-11-01 15 Some big funds are facing losses of 5-10%, say sources NYT [NEW YORK] Some of the year's best-performing hedge funds are nursing big losses for October, stung by reversals in energy stocks, takeovers and investments overseas. Some large hedge fundNYT - 521 words
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200 2005-11-01 15 Bloomberg [TORONTO] Barrick Gold Corp, the world's third-biggest gold producer, said it made an offer for rival Placer Dome, the fifth-biggest, valued at US$9.2 billion in cash and stock. Placer Dome shareholders will get U5520.50 a share with 13 per centBloomberg - 200 words
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AVIATION
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Article, Illustration294 2005-11-01 16 But it will consider alliance with another airline, says CEO AFP ISYDNHY] Australian Hag carrier Qantas has laid to rest talk of a possible merger with arch-rival Singapore Airlines but will consider forming an alliance with another airline, the company's chief executiveAFP - 294 words
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Article, Illustration407 2005-11-01 16 Reuters (TOKYO) All Nippon Airways Co (ANA). Japan's second-biggest airline, reported a 16 per cent rise in half-year operating profit yesterday as its cost-cutting efforts offsot highor fuel prices, and it kept its fullyear outlook. ANA and its global peersReuters; BLOOMBERG - 407 words
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310 2005-11-01 16 Surging fuel prices cause 4th quarterly profit decline Bloomberg [TAIPEI] EVA Airways Corp, Taiwan's second largest carrier, posted its fourth quarterly profit decline as the surging price of jet fuel raised its operating costs. Net income fell 44 per cent toBloomberg - 310 words
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444 2005-11-01 16 Bloomberg (TAIPKII China Airlines, Taiwan's largest air carrier, had an 86 per cent decline in its third-quarter profit because of surging jet fuel costs. Net income fell to NT5312.5 million (5515.8 million) from NT$2.l7 billion a year earlier, based on Bloomberg's calculationBloomberg - 444 words
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288 2005-11-01 16 Bloomberg [BERLIN] TNT NV, Europe's second-biggest ex-press-package delivery company, said third-quar-ter profit rose, helped by increased demand for express delivery. Net income advanced to 148 million euros (Ss3o2 million) from 147 million euros a year earlier, the company said on its websiteBloomberg - 288 words
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Article589 2005-11-01 16 QTT wot IT* fiWKT no HI HH IIP Fiii»ilii 50" I 1 W 81!? l«Bfcpt>n vAMf 1920 CAMS 135 Fuibou MPS53 2300 M lil? Jgji! 8| 1| J| H Umi M?96C 1140 UM01 134 Srs**" yw7i] np «H Mi W® liipifc Ujg770 jg lil! ■IITrt MS*589 words
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Page 16 Miscellaneous
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Miscellaneous203 2005-11-01 16 CRYPTIC CROSSWORD DOWN here (4,8) Across: 1 Rooted, 4 Pardoned, 9 1 Ruin kept up by gallery (9) 14 Pickled with brine I eat nuts (9) Sitter, 10 Cleavage, 12 Otic, 13 Go 2 Shape coming from grotto 15 Stress is less taking train, per- off, 14 Clip, 17 Schoolmaster,203 words
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SHIPPING
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Article, Illustration742 2005-11-01 17 Dubai Ports World said to be behind a £3b bid for the group Reuters Bloomberg [SINGAPORE] Dubai Ports World will be catapulted to the top ranks of the world's container terminal operators, if it succeeds, or indeed, is the suitorReuters; Bloomberg; BLOOMBERG - 742 words
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421 2005-11-01 17 Bloomberg [LONDONj Persian Gulf crude oil shipping costs may extend the previous week's 25 per cent gain because of a shortage of vessels at the end of November as refiners boost orders before winter, shipbrokers said. Benchmark rates for 2 million-barrel tankers, whichBloomberg - 421 words
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372 2005-11-01 17 Bloomberg [NEW YORK] Rates to ship oil in the Caribbean basin fell for the third straight day last Friday amid an excess supply of vessels. "The market surely but slowly has weakened," said Bruce Kahler, a broker with Lone Star, RS PlatouBloomberg - 372 words
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388 2005-11-01 17 Pressure may rise as vessel supply outpaces demand Reuters [TAIPEI] Taiwan's Evergreen Marine Corp yesterday reported a fall of 19 per cent in third-quarter net profit, joining other shipping lines in dwindling profits as expanding capacity hits freight rates. Evergreen, the world's third largestReuters - 388 words
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200 2005-11-01 17 Bloomberg [SEOUL] Hyundai Heavy Industries Co, the world's largest shipyard, said its president Yu Kwan Hong as offered to resign. No other details were disclosed. Mr Yu has tendered his resignation, Kim Kwang Kook, a spokesman for the Ulsan, South Korea-based company saidBloomberg - 200 words
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Article293 2005-11-01 17 SGX '000 Oct 31 SS Vol CH Offshore 0.38 0.01 94 ChuanHup .0.80 0.02 421 Cosco Corporation 2 20 0.08 8458 CWT Distribution 0.84 0.01 166 Ezra Hldqs ...1.37 0.03 608 Freight Unks 0.06 unch 1756 Grand Banks Yacht .0.91 unch 4 Java Holdings.... 1.34 0.06 1011 K1293 words
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Page 17 Advertisements
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Advertisement74 2005-11-01 17 1* m t I ir* 1 I M.~ »»»fi» I BIIH It )l »I li ill II I II lIH 111 fill Hwufnii IK <l l *»>IMIIIIiViliii l li»>iilff>|l|irilO>'|[l»fl"' lor m»nn nn iWWi I«' WW IWI III'" lIW I IllfiiHi 1 TH»1»I ">•' H <fft I Leading Edge Your sailing74 words
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EDITORIAL & OPINION
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534 2005-11-01 18 EDITORIAL WHEN it was announced that Ben Bernanke would succeed Alan Greenspan next year as the chairman of the US Federal Reserve, Wall Street and European markets rallied because investors apparently believe that Mr Bernanke will continue Mr Greenspan's stock market-friendly policies. The rally,534 words
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Article, Illustration1465 2005-11-01 18 LEON HADAR - All the President's Men the sequel is here Plamgate may not lead to President Bush's downfall but he has lost his aura of invincibility LEON HADAR Washington Correspondent UNDER the leadership of a conservative Republican president, the US was drawn into a costly military quagmire in a strategic region ofAP, REUTERS - 1,465 words
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Article, Illustration781 2005-11-01 18 G PANICKER - THE BOTTOM LINE G PANICKER UNITED States President George W Bush could do with the kind of approval ratings Venezuela's President Hugo Chavez enjoys. Mr Chavez has double the backing of the US leader. Blame this huge gap on the one thing that781 words
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Article, Illustration714 2005-11-01 19 SHAILJA SINGH - By SHAILJA SINGH MICIIAKI. JACKSON. You almost certainly haven't mot him, but probably havo an opinion anyway. His image is a factor in determining whether you are his fan or not. Mis reputation even impacts the extent of desire that otherBLOOMBERG; Source: Associates - 714 words
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Article, Illustration907 2005-11-01 19 MATTHEW LYNN - MATTHEW LYNN Bloomberg ABOUT to make a speech at a conference? Doing a presentation? Or maybe just sending an e-mail to your secretary? Then watch your mouth. Because right now one misplaced, unfortunate phrase could end your career. The "gaffe" hasBloomberg - 907 words
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Article, Illustration201 2005-11-01 19 John Collifer - LETTERS TO THE EDITOR John Collifer Senior vice-president and head Corporate Communications and Investor Relations Singapore Exchange WK refer Ui the hitter "Time to review policy on nonstandard board lots" by Narayana Narayana (BT, Oct 27). Having two separate tranches in a rights issueST FILE PHOTO - 201 words
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303 2005-11-01 19 Tan Hun Seng Singapore - Tan Hun Seng Singapore TIIK call warrant for China Construction Bank (CCB) started trading last Thursday. There are three such warrants which listed at the same time as CCB's initial public offer shares made their debut on the Hong Kong Stock Kxchange. They are:303 words
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Page 19 Advertisements
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Advertisement103 2005-11-01 19 HAVE YOUR SAY Fax your letters to 6319-8277 or email them to MetterOsph.com.sg or write to: The Business Times, SPH HQ, 1000 Toa Payoh North, Podium Level 3, Singapore *****4. We need your full name, address and telephone number for verification. Please use temperate language, and bear in mind libel103 words
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Article10256 2005-11-01 20 SGX MAINBOARP 52-Wk Td Last Vol Diy UstQuote GrfNv Mr GrVM Net MCw *9* Kw Code Compawy Sale roo0) Low »nyr Sdhr Cvr fit tni 8 2 S716 1st Software 5t 2 5 -05 719 3 2.5 2.5 3 io i 24.5 6 3148 STelecom US2c 7 unth10,256 words
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Article6683 2005-11-01 21 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES IB iKri <WT la SS la IKS dy %yr dy X yr X dy Xyr Del 28 lnd«» Change Ctunga Chany CNang* Change Qtmta the World lnde« Preliminary 8970 03 \J OS 44 0.1 06 I CAR Preliminary 8763 «.l 134 02 626,683 words
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Page 22 Advertisements
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Advertisement1405 2005-11-01 22 NYK GROUP SOUTH ASIA PTE LTD r M HH WJT TEL 6295 0123 V A XV A Aline t&gdf M it LINE Fax: 6292 2856 (Regional sales) 6239 7109 (OPS)/ 6299 5785 (Documentation) NIPPON YUSEN KAISHA TOKYO SO»AKU KASHA. UO (C/R NO **********0E) #7F An- «#:137«OWOOOOG SUUTOt (IJJL) n* Ltd!1,405 words
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Advertisement519 2005-11-01 22 Ihtirasia rqrq service VKSa/VOT RANPffTI HBGHUM) WG not 13 SW JKT straits vwture 22/ os is 27/10 so/io 03/11 04/11 oe/11 1 STRAITS VENTURE 73/05 IS 3.2 10/11 13/11 17/11 20/11 22/11 |smnsyEnniK2</os is 3.2 24/11 27/11 30/11 03/12 os/12 I AUSTRALIAN RORO SERVICE 1 VBSa/VOT I RAMPffT) I HBGHT(M)|519 words
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Page 23 Advertisements
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Advertisement1250 2005-11-01 23 www.homburgsud.tom 1 ASIA SERVICE am 1 (EXPORT) ASIA SERVICt SUNG 2 (EXPORT) ETA ETA VWMI/V*Tl« SINGAPORE DURBAN SEPtTWA SANTOS ITAJAI PARAMAOUA VwMl/Vmp SINGAPORE BUMPS AMES RIO MAUD! SANTOS SfPfWA Alionco Bohto SOW 09/11 20/11 30/11 01/12 03/12 04/12 Coluntus forido SltW OS/1I 21/11 30/11 02/12 04/12 Conti Mdaga 011W 18/111,250 words
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Advertisement1195 2005-11-01 23 VESSEL VOY SJN PGtl HCM VESSEL VOY SIN PKG JKT GOLDEN TRADE 51SM 8/11 VII 9/11 AftftAHUA 695$ ~77TT~ t/l 1 11/11 CAPE SANTIAGO 008N 15/11 16/11 18/11 AO KAFFLESIA 111S 14/11 15/11 18/11 GOLDEN BKIDGE SQ2N i ff/11 I 23/11 25/11 ACX MAGNOLIA 097S 21/11 22/11 I 25/11 M1,195 words
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Advertisement772 2005-11-01 23 m sons#* WEEKLY EXPRESS SAILING SCHEDULE I ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICD POINTS I VtSSII 1 VOY 1 SIH IPJOANGI COLOMBO IN.SHEVA COLOMBO I HOWRAH BRIDGE 1 QQ46W 131 OCT 101 NOV 05 MOV 108 NOV I I NOV 1 1111 l 1 I I ALSO ACCEPTING772 words
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THE BUSINESS TIMES SHIPPING TIMES
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7952 2005-11-01 24 ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SM Desfa Name Name MM* Met SM Desf* Nana Haae Met Inter 14/11 04/12 Nortfaos THORSKY 10/05 *****776/86 To ABIDJAN (ABJ) 2003 Cote D'lvoire ia/11 20/12 cmacgm api topaz I25t *****800 09/117,952 words
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Page 24 Advertisements
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Advertisement698 2005-11-01 24 ViSSII VOY .JW PGM VtSStl VOT SIM JKT PAC »AHDA 1592N 02/11 03/11 PACBWTAN <333 05/11 01/11 CSF 2301 0194P 03/11 04/11 "<»*" <"1 07/11 10/11 PAC MNDA IS93N 04/11 04/11 PACBHITAH 9324 12/11 IS/11 PAC lAWDA IS94N 05/1] 05/11 ggj» gg PACIAMDA 1595 M 06/11 07/11 CSF 2301 0196P698 words
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Advertisement398 2005-11-01 24 VVFCAR WAN HAI I .INKS L'IT), having the most intensive •'s%&•• &-?4 :a and complete service network for ocean carriage, xJkS. 'f' Y\ ■■■$< f ;I|P* from Asia-Pacific to Mid-East, U.S Wrst Coast, f^ W§MW Europe expanding continuously throughout every Hi spot in the world; providing the most efficient 1...398 words
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Advertisement397 2005-11-01 24 BSA a MYANMA FIVE STAR LINE (Myanmor National Line) Loading (or Yangon VESSEL VOY SIN PKI PEN PGU PAGAN 348W SU> PAGAN 349W SU) IN MALAYSIA: lOUSTEAD SHIPPING AGENCIES KIH/PKL 03-*****388 PEN: 04-*****1S MKKKKk ACCEPTING CONVENTIONAL CGO VESSEL VOY HKG SIN PGU PKL KUC RAJNIOW JOY SU) DON HEART 139397 words
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PROPERTY
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631 2005-11-01 26 But foreign firms say higher potential returns compensate for the extra risk Reuters [HONG KONG] Investors in China should be wary of inaccurate property titles, analysts say. especially as funds and property companies hunt for Chinese buildings that could be sold to realReuters - 631 words
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Article, Illustration273 2005-11-01 26 By ALEXANDRA HO MAYBE it's the desirability of the location of The Cosmopolitan at the crossroads of River Valley and Kim Seng Roads. Or it could be a vote of confidence for the potential of the high-end, freehold condominium project. Either way,FILE PHOTOS - 273 words
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515 2005-11-01 26 PAULINE NG - By PAULINE NG in Kuala Lumpur IN a major property investment by a Middle Fastern company in Malaysia, the A 1 Batha group of the United Arab Emirates (UAE) has bought 13 luxury condominium units near the Kuala515 words
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Page 26 Advertisements
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Advertisement1027 2005-11-01 26 Real Estate Investment Positioning for the Next Wave Real Estate is recognised typically as an investment where a large sum of initial outlay of capital is required and significant financial gains or losses can be made with a correct or wrong decision. Therefore, the subject of real estate investment requires1,027 words
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