The Business Times, 30 November 2005

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Total Pages: 32
1 32 The Business Times
  • 14 1 THE BUSINESS TIMES Wednesday, November 30,2005 SINGAPORE B!rcefits online at http://business-times.asial.com.sg MICA (P) 089/03/2005
    14 words
  • 893 1  -  Absence of housing sites on confirmed list seen as a plus point for market recovery By KALPANA RASHIWALA [SINGAPORE] In a move viewed as positive for the nascent recovery in the property sector, the government is maintaining a market-led approach in its
    893 words
  • 557 1  -  Deal makes buyer world's No 3 port operator behind PSA Int'l By DONALD URQUHART [SlNGAPOßE] The sun is finally setting on the 168-year-old Peninsular Oriental Steam Navigation Co, originally founded to support Britain's colonial empire, after Dubai Ports World agreed
    557 words
  • 131 1 sn 2302*8 (-5.66) ST INDEX FUTURES 2303.00 (-6.00) siMsa 272.15 (-0.84) SIMSa FUTURES 272.60 (-0.30) MARKETS Tuesday Change KtSECOMP 898.63 -151 NIKKEI 225 14.927.70 -59.24 HANG SENG 15.02S.76 -71.24 SET INOEX 669.90 +3-21 JAKARTA COMP 1.082.28 +1-22 MANILA COMP 2.***** +1.26 SEOUL COMf 1.***** -1436 SHENZHEN B 193.99
    131 words
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  • TOP STORIES
    • 739 2  -  Wong, Ong accused of intending to deceive and face 4 charges each By WONG WEI KONG, EDDIE TOH [SINGAPORE] The founder and former chief executive of one-time market darling Informatics Holdings were charged yesterday in relation to the company overstating its profit by
      WONG KWAI CHOW/ST; FILE PHOTO  -  739 words
    • 676 2 SGX to make changes to comply with MAS standards THE Singapore Exchange said yesterday it will implement tougher corporate governance standards that will include a review of its board to comply with new rules set by the Monetary Authority of Singapore. Under these rules which came as a
      676 words
    • 507 2  -  It'll be open to suggestions that meet same goals By LESLIE YEE [SINGAPORE] The Monetary Authority of Singapore's regular dialogue and consultation with the financial industry has worked well, and the MAS will now take this a step further by involving the
      507 words
    • 690 3  -  Economies skated through oil spikes with ease, it says By ANTHONY ROWLEY in Tokyo THE major economies have so far "skated through the energy price shock with relative ease" and can look forward to robust growth with relatively subdued inflation over the next two years,
      690 words
    • 191 3  -  By UMA SHANKARI [SINGAPORE] Singapore Petroleum Company (SPC) said yesterday it will introduce ultra-low sulphur diesel (ULSD) at its service stations at no extra cost to motorists. It also said it started supplying bulk ULSD to its domestic commercial and industrial
      191 words
    • 572 3  -  Tougher corporate governance will include review of board membership By SIOW LI SEN [SINGAPORE] The Singapore Exchange (SGX) said yesterday it will implement tougher corporate governance standards that will include a review of its board to comply with new rules set
      572 words
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  • Page 3 Advertisements
    • 585 3 I I Mm I R ■I A W ham II I r Ac\\ il 111 if" J &59RH ss s s.? ,ys xs ss I%)*gbbk f ft., y Look forward to regular income" and potential capital gains The years ahead may be uncertain, but there's one thing you can be
      585 words

  • COMPANY NEWS
    • 791 4  -  Companies need to tighten controls to avoid damage to stakeholders: PwC By MICHELLE QUAH SINGAPORE companies have reported fewer cases of fraud than their global counterparts in the past two years but the cost of fraud to them is
      FILE PHOTO  -  791 words
    • 557 4  -  HOCK LOCK SIEW By MICHELLE QUAH THE criminal charges against former Informatics Holdings chairman Wong Tai and CEO Ong Boon Kheng may not spell the end of troubles for the lossmaking company. In fact, the authorities' refusal to confirm or deny the possibility
      557 words
    • 328 6  -  This is the largest such collateralised debt transaction by an Asian manager By LESLIE YEE UNITED Overseas Bank (UOB) and Citibank have closed the largest assetbacked securities (ABS) collateralised debt obligation (CDO) deal by an Asian manager with a deal size of US$l,OO5 billion.
      328 words
    • 446 6  -  By RONNIE LIM THE offshore oil and gas market remains strong, with rig-building interest now extending to highervalue, deepwaiter semi-sub-mersibles, says JPMorgan Securities. And this should benefit Keppel Corporation and SembCorp Marine, which already have the lion's share of the global rig-building market. In a
      KEPPEL FELS  -  446 words
    • 259 6  -  By ALEXANDRA HO ANOTHER investment property sale has been wrapped up, this time involving the freehold Lincolnsvale in the Novena/Newton area. Mainboard-listed Sim Lian Group's wholly-owned subsidiary, Sim Lian Homes, beat out five other developers for the en-bloc site, with its offer of
      259 words
    • 293 6  -  By CONRAD RAJ LOWER prices for its products, higher raw material costs and the general weakness of the greenback took their toll on precision metal stamping company Brilliant Manufacturing in the last financial year ended Sept 30, 2005. Revenue fell 7 per cent to
      293 words
    • 814 9  -  NEWS ANALYSIS CFO's additional role will be to take telco to next growth stage overseas By ANGELA TAN IF restructuring is euphemism for closure, cutbacks and layoffs, then one can't help but look more closely at Singapore Telecommunications' latest corporate reshuffle and wonder
      FILE PHOTO  -  814 words
    • 289 9 Bloomberg SINGAPORE Telecommunications Ltd, South-east Asia's largest phone company, may return as much as 70 per cent more cash to shareholders this fiscal year because of a strong balance sheet, Morgan Stanley Dean Witter Asia Ltd said. The brokerage expects Sing Tel, as the
      Bloomberg  -  289 words
    • COMPANY BRIEFS
      • 117 9 BULK carrier and ship repairer Cosco Corp (Singapore), in line with its strategy to divest all non-core businesses, said its wholly-owned subsidiary Harington Property has granted a purchase option to 3F Investments to sell its properties on Telok Ayer Street for $18.6 million. Harington
        117 words
      • 63 9 KEPPEL Offshore and Marine Ltd's wholly-owned subsidiary Keppel Verolme in Rotterdam has secured about $134 million worth of contracts from Swiss-based Allseas Group SA and Sevan Production AS. The contracts are not expected to have any significant impact on the net tangible assets and
        63 words
      • 64 9 VENTURE Corp, Singapore's second-largest contract electronics maker, has entered into a share purchase and share subscription agreement to acquire 390,000 shares 240,000 existing and 150,000 new units of Scinetic Engineering Pte Ltd for $20.9 million. This represents 60 per cent of the issued share capital of
        64 words
      • 90 9 LOGISTICS and supply chain management firm YCH Group is investing $30 million in a logistics park in Tianjin, China. The company has signed a memorandum of understanding with the Tianjin Port Free Trade Zone Administrative Committee to invest in the YCH Bonded Logistics
        90 words
      • 34 9 AUSSINO, which is involved in the design, distribution and retail of home furnishing products and ladies fashion apparels, has set up a wholly-owned subsidiary in Beijing, called Aussino China.
        34 words
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  • Page 6 Advertisements
    • 304 6 m -11^^ djiayuJi II pP^^ CITYNEON HOLDINGS LIMITED (incorporated in Singapore on 28 June 1999) X/ (Registration number: *****3628E) I f I -Lj W I Invitation in respect of 21,000,000 ordinary shares of 550.05 each, comprising 17,600,000 New V Sty JL V Shares and 3,400,000 Vendor Shares as follows: (i)
      304 words

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    • 819 7 Michael Reid Ade, CFA Lin Xiaoai, CFA 'I I Ang Lee Ping, CFA Ling Wai Ming Frances, CFA I Q! Ang Shao Keng, CFA Liu Yingyi Judi, CFA M X -L V-A JL Ang Wan Choon, CFA Loh Swee Phin Eddy, CFA Ann Mui Wee, CFA Long Shing Yuan June,
      819 words

  • SINGAPORE MARKETS
    • 906 8  -  CURRENCIES But metals and stocks lead gains again this past week LARRY WEE Senior Correspondent METALS and equities hogged the headlines once again over the past week, though a sharp turnaround in fortunes overnight might also have rattled recently converted US dollar
      906 words
    • 504 8  -  TRADES TO WATCH Compiled by NANDE KHIN TELEKOM Malaysia and Khazanah Nasional continued to boost their stake in MobileOne Ltd (Ml) through SunShare Investments. SunShare is an 80-20joint venture between TM International, which is wholly owned by Telekom Malaysia, and m Khazanah.Telekom Malaysia is
      504 words
    • Article, Illustration
      427 8 OTHER SINGAPORE INDICES Nov 29 VALUE CLOSE BT OB/OS 26.00 +26.00 BT CADI -*****.00 -93.00 BT 10-day MA -*****.00 +2.00 AH-SG Equities 584.31 -2.18 SG Equities Elect 124.86 +0.02 SG Equities Fin 1698.30 -3.57 SG Equities Prop 696.39 -5.77 SIMSCI 272.15 -0.84 SiMSCI Futures 272:60 -0.30 MOST ACTIVE STOCKS VOLUME
      427 words
    • 300 8  -  Compiled by UMA SHANKARI Keppel land Nov 29 dose: 553.92 KIM ENG RESEARCH, Nov 29 KEPPEL Land has proposed to divest $631 million worth of office space through a distribution in specie of 60 per cent of K-Reit Asia units. The impact of the deal is expected to
      300 words
    • 412 8  -  STOCKS R SIVANITHY Senior Correspondent FROM the looks of it, technical factors could be playing just as big a part in trading as economic considerations. In the US, stocks on Monday fell supposedly because of a drop in retail sales but possibly also because of the proximity
      412 words
    • 221 8  -  CHART POINT By YEO KEE YAN, chartist at Kelive Research THE Straits Times Index eased back marginally from 2,310 during the past week as it approached the downtrend line R-R. The movement was within our range forecast of 2,259 to 2,330 levels that we believe
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  • Page 9 Advertisements
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  • SINGAPORE NEWS
    • 384 10  -  Law enforcement publicity on fraud and tough penalties have helped By ROLAND LIM SINGAPORE has one of the lqwest rates of credit card fraud in the Asia-Pacific re- gion, says MasterCard International. Tim Morris, regional *nead of security and risk management for
      384 words
    • SINGAPORE ROUNDUP
      • 54 10 NANYANG Technological University has received a $1.5 million donation from well-known arts patron Toh Puan Mahani Idris Daim to establish die first endowed professorship in humanities and social sciences. This donation will be matched dollar-for-dollar by the government, resulting in a total
        54 words
      • 48 10 THE Work-Life Excellence Award, which recognises organisations with effective work-life strategies, is now open for application. Award criteria and application forms can be downloaded at www.wleaward.com.sg and should be e-mailed to mom_worklife@mom.gov.sg. Closing date for submission is Feb 24 next year.
        48 words
    • 271 10  -  He'll meet new German chancellor in Berlin today By CHUANG PECK MING in Paris A MILITARY band welcomed Prime Minister Lee Hsien Loong yesterday morning when he called on French President Jacques Chirac at the Elysee Palace. Mr Lee was later guest at a lunch
      STEPHANIE YEOW/ST  -  271 words
    • 408 10  -  By MATTHEW PHAN FOLLOWING,the close of the Media Financing Forum yesterday, 10 media investment companies are meeting one-on-one with film production houses to discuss financing of 34 film projects over the next two days. The 10 companies have a total of about US$25O million
      408 words
    • 698 11  -  Three hotel sites in Bencoolen, Novena, Clemenceau areas also on reserve list By KALPANA RASHIWALA THE new sites in the sec-ond-half Government Land Sales programme offer developers an attractive range of choices. Property consultants say the hottest parcel is a 0.72hectare reserve-list plot next
      698 words
    • 347 11  -  By ALEXANDRA HO A SUBURBAN residential site in Woodlands has been launched for developers to trigger its release under the reserve list system of the Government Land Sales Programme. The 99-year leasehold site at Woodlands Avenue 2 and Rosewood Drive has a site area
      347 words
    • 168 11 SINGAPORE and the United States have signed an agreement renewing their commitment to work together to prevent and respond to pandemic influenza and other emerging diseases in South-east Asia. The agreement also establishes the Regional Emerging Diseases Intervention (Redi) Centre as an international organisation with
      168 words
    • 239 11 CASH is the best form of aid from corporate and individual donors when disaster strikes, says a report on disaster management published by the Economist Intelligence Unit. According to the EIU, disaster response experts have advised that one of the best ways
      239 words
    • 360 11  -  By ARTHUR SIM THE Novotel Clarke Quay, formerly the New Otani hotel. will officially open this Friday, about a year after it was bought by US investment bank Lehman Brothers. Managed by the Accor Group, the 402-room hotel is being repositioned as a four-star
      360 words
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    • 170 10 iVifi H9WS vBYKVIRHI EVSV Sffmcivi ■TiTliTAWAiSlSTSJATlsmilfzfllTftillAlllßlfllkSwiSlSlflfl Glory after the sweat. Now's the time to honour the super achievers of the business world. We invite you to I I Businessman the Year Presented to the most deserving individual for outstanding corporate success. He or she has shown exemplary leadership jwfe- r
      170 words


  • ECONOMY WATCH
    • 305 12 AFP [WASHINGTON] One partridge in a pear tree: U*****.99, up 12.9 per cent. Seven swans-a-swimming: U554,200, up 20 per cent. Overall, the cost of the items cited in the holiday song The Twelve Days of Christmas is U5518,348, up 6.1 per
      AFP  -  305 words
    • 404 12 LATEST US DATA Reuters. AP INEW YORKI Consumer confidence soared in November as declining petrol prices contributed to a stronger-than-expected feading just before the holiday shopping season. Meanwhile, sales of new US homes shot up unexpectedly in October, climbing 13 per cent to hit
      Reuters.; AP  -  404 words
    • 431 12 Remarks follow US Treasury report calling for greater appreciation AFP [SHANGHAI] China's central bank reiterated that it had no timetable for full convertibility of the yuan, state press reported Tuesday, a day after the US Treasury stopped just short of naming Beijing
      AFP  -  431 words
    • 466 12  -  Loose monetary policy, stretched consumption cited By S JAYASANKARAN in Kuala Lumpur THE Malaysian economy appears robust but "fault lines are beginning to appear", investment giant Goldman Sachs has warned. Among the cracks: stretched consumption, disappointing private investment and a loose monetary
      466 words
  • Page 12 Advertisements
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      185 words
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  • MALAYSIA/INDONESIA
    • BRIEFLY ASIA
      • 76 13 AP [KUALA LUMPUR] More than 1,200 company directors in Malaysia have been barred from travelling abroad after defaulting on contributions to the state pension fund, the government said yesterday. In an official statement, the Employees Provident Fund said it submitted the names of
        AP  -  76 words
      • 68 13 Bloomberg [JAKARTA] PT Bank Mandiri, Indonesia's biggest lender by assets, said nine-month profit fell 73 per cent as the company set aside more funds to cover bad loans. Net income in the nine months ended Sept 30 fell to 1.23 trillion rupiah (*****.8 million), or
        Bloomberg  -  68 words
      • 93 13 Reuters [KUALA LUMPUR] Malaysian conglomerate Sime Darby reported a 2.2 per cent rise in first-quarter profits yesterday, as gains at its auto, heavy-equipment and oil units were partly offset by lower oil-palm contributions. Sime, one of Asia's oldest conglomerates, posted a net
        Reuters  -  93 words
      • 86 13 Bloomberg [JAKARTA] Shares of Air Asia Bhd, South-east Asia's biggest discount carrier, rose as much as 1.9 per cent after the airline had its fifth quarterly profit as it carried more passengers, and forecast an increase in full-year earnings. Net income for the
        Bloomberg  -  86 words
      • 63 13 Reuters [KUALA LUMPUR] Telekom Malaysia Bhd, the country's largest telephone company, said yesterday it doubled quarterly profit as contributions from its cellular units grew and it sold shares in its Indonesian unit. State-controlled Telekom posted net profit of RM776 million (*****.3 million) in the
        Reuters  -  63 words
      • 78 13 Reuters [HONG KONG] Tycoon Li Ka-Shing's Prosperity Reit aims to raise up to US$246 million after setting the preliminary price range for its planned Hong Kong IPO at HK$2.OO to HK$2.l6 per unit, a source familiar with the situation said yesterday. The price range
        Reuters  -  78 words
    • 561 13  -  Rise in component prices, margin reductions and provisions cited By S JAYASANKARAN in Kuala Lumpur MALAYSIAN state-owned carmaker Proton Holdings has announced a net loss of RM154.3 million (5569.2 million) for its second quarter to September its second consecutive quarterly loss this year and
      BLOOMBERG  -  561 words
    • 449 13  -  By PAULINE NG in Kuala Lumpur MALAYSIA'S Securities Commission (SC) is tightening its qualitative criteria and emphasising a company's suitability for listing as part of its new guidelines for initial public offerings on the Mesdaq market. It has also enhanced the role of directors, promoters
      449 words
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    • 405 13 > BIiiBIIEiM jM Wk Mm m m 3 M j J#-' ,:f 1 j f j *>• 1 m *4 m K I m w I ■hk fc| f fi Hff ■t jg. M J aHH a J WBHiWTTTiTSiTfIBCfTTTr?^ Qs Why do wealthy individuals need a proprietary, holistic wealth management
      405 words

  • GREATER CHINA
    • 382 14 Deal would be on similar scale to the US$4.2b Kazakh aquisition Reuters China Na.tional Petroleum Corp >{CNPC) is conducting due on the multi-bil-'fion dollar oil and gas assets put up for sale by Argentine energy producer Bridas Corp, a person close to
      Reuters  -  382 words
    • 365 14 [HONG KONG] There will be 24 derivative warrants based on China Construction Bank Corp (CCB) available to investors according to the South China Morning Post from Dec 5. This will be a record amount for a single company on the first
      365 words
    • 502 14 Bloomberg [BEIJING] China's admission to the World Trade Organization in 2001 didn't include a timetable for allowing greater overseas ownership of banks because there were no takers. This year. Bank of America Corp led investors who committed US$l5 billion to the nation's three
      Bloomberg  -  502 words
    • 51 14 AFP IHONGKONGJ Chinese astronauts Fei Junlong (left) and Nie Haisheng from China's Shenzhou-6 manned space flight waving to spectators as they visited Hong Kong Disneyland on Monday. The two astronauts of China's second manned space flight touched down in Hong Kong on Sunday for a three-day
      AFP  -  51 words
    • 353 14 It is likely to lose money for up to two years: CEO [NEW DELHI] Star Group. News Corporation's television arm in Asia, is unlikely to make any "significant" money in its loss-making Chinese business for up to two years, its chief executive
      353 words
  • Page 14 Advertisements
    • 85 14 Don't rake the ferry, paddle Release your inner child See where New Vork began Find your own secret to the Statue of Liberty in a in midtown at the at the 400-year-old hideaway within Central kayak from pier 26. world's largest toy store. South Street Seaport. Park's Conservatory Garden. j-iP|pifffljjEi
      85 words

  • INDIA
    • 334 15 Toyota chief says Japanese firms are not focusing enough on quality AP [NEW DELHI! The chairman of Toyota Motor Corp said on Monday that car companies in India and Thailand may soon overtake those in Japan because of their increasing focus on quality.
      AP  -  334 words
    • 395 15 Reuters [NEW DELHI] Growing warmth in ties between India and the United States can help offset China's rising economic and military clout in Asia, a top Indian official said on Monday. Ties between India and the United States, once on opposite
      Reuters; REUTERS  -  395 words
    • 618 15  -  INDIA INSIGHT Its pharmaceuticals outsourcing sector has enormous potential ASHOK KUMAR In Mumbai CRAMS or Contract Research and Manufacturing Services has been the buzzword in the Indian pharmaceutical industry for some time. Pharma sector outsourcing or Crams as those in the
      618 words
    • 2250 15 VOl General Cop .0.42 0.02 104 II *h rO—) Gentlng 20.70 -0.30 249 George Kent .0.60 unch 0 ASM Realty 1.49 unch 0 GHLSystems 011 0.01 812 0-32 0.01 52 Globetronics Tech .029 unch 714 ACPkvfcjMiias 0.65 unch 106 GlomacBhd 120 0 02 4 Advanca Synergy —Ml -0.02
      2,250 words
  • Page 15 Advertisements
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  • ASIA-PACIFIC/WORLD
    • 815 16 Asian central banks seen piling up gold reserves to avert risk of US$ slide Reuters. Bloomberg [SINGAPORE] Hedge funds, after pushing gold prices to 22-year highs, are looking to China and other Asian central banks as the next big drivers of the metal.
      Reuters.; Bloomberg; AP  -  815 words
    • 365 16 Bloomberg [BANGKOK] Prachai Leophairatana, founder of Thai Petrochemical Industry, yesterday lost his final legal battle to regain control of Thailand's biggest defaulter, clearing the way for a state-backed takeover. Thailand's Supreme Court ruled there are no legal grounds for granting Mr Prachai first
      Bloomberg  -  365 words
    • 306 16 Reuters [PARIS] Six of the most opulent hotels in Paris have been fined by French competition authorities for colluding on information used in setting room prices that on average reach more than 700 euros (551,390) a night. France's Competition Council said it had
      Reuters; FILE PHOTO  -  306 words
  • Page 16 Advertisements
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    • 128 16 INTERNATIONAL FACTORS (SINGAPORE) LTD 5550,000,000 noarong r\aiB ntoiw Maturing 29 May, 2006 Pursuant to CONDITION 15 of the Notes, notice is hereby given that, in respect of the Interest Period from November 30, 2005 and ending on (but excluding) May 29, 2006: (a) the Rate of Interest payable upon the
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      87 words

  • WORLD
    • 588 17 New business unit seen generating up to US$6b revenue in 10 years Reuters. Bloomberg [LONDON] BP Pic will double its investment in alternative and renewable energy, creating a business unit that may generate up to US$6 billion in annual revenues within a
      Reuters.; Bloomberg; BLOOMBERG  -  588 words
    • 383 17 Bloomberg, Reuters Reuters [LONDON] The British government is scrapping rules introduced almost eight months ago that force companies to report on risks to their business. British Finance Minister Gordon Brown announced on Monday that companies would not have to produce an annual, so-called
      Bloomberg, Reuters; Reuters  -  383 words
    • 352 17  -  Clipper Ventures Round-the-World Yacht Race. Leg 3, Race 4, Day 2 Wr v > v;~ UNIQUELY Singapore raced ahead to be in the second position yesterday. The crew is experiencing fairly light easterly breezes at the moment but trucking along nicety. As they track more south the weather
      352 words
    • 699 17 PROFILE New role will take a shift in skills for current CEO Green Reuters [LONDON] Stephen Green, who will next year step up to the biggest job in British banking as chairman of HSBC, is a preacher and a lover of Russian literature.
      Reuters; AP  -  699 words
    • 538 17 Reuters [DETROIT] Dean Braid does not have a job, but the 49-year-old carworker is not unemployed either. The Michigan native, who once helped develop the V 6 engine for General Motors, was laid off after about 20 years on the job
      Reuters  -  538 words

  • AVIATION
    • 667 18 CFO stresses need to staunch bleeding; judge raps share buyback AP (NEW YORK] Delta Air Lines Inc, which lost US$2.6 billion in the first nine months of this year, needs the US$3 billion in annual cost savings from its reorganisation plan to
      AP; BLOOMBERG  -  667 words
    • 351 18 Bloomberg [BANGKOK] Thai Airways International PCL, recovering from its biggest quarterly loss in five years, had a 74 per cent profit gain in its fiscal fourth quarter, as it increased fuel surcharges and benefited from the baht's strength. Net income
      Bloomberg; BLOOMBERG  -  351 words
    • 279 18 AFP [JAKARTA] Flag carrier Garuda Indonesia will ask for a rescheduling of US$BOO million of its debt to European and Singaporean creditors later this week, the company's president said yesterday. Garuda president Emirsyah Satar told AFP the proposal would be made in two meetings
      AFP  -  279 words
    • 322 18 It is planning to pay under US$750m in cash and stock Bloomberg [BANGALORE] Kingfisher Airlines Ltd, a six-month old Indian carrier, said that it proposed to buy the nation's third-largest domestic airline for less than the lowest price recommended by a valuer, calling
      Bloomberg  -  322 words
    • 394 18 Reuters [SHANGHAI] Chinese airlines are jointly negotiating to buy more than ?0 nar-row-body A 320 planes from European aircraft maker Airbus SAS, said sources close to the deal, which should be worth around US$5 billion. The order, expected to
      Reuters  -  394 words
    • 586 18 Ig KM >jj|| j|| W IS J| |j |jij| i|| "1! Hi rr l.n-l.r. IC987 0700 KgM 0750 j 1ii$ 9?$ nasi vpkx isoo ]JJg FD <g& !!88 N„diu OK7-TB55 CA958 0745 i #1 ***** UM771 0200 III III ***** TH137 1160 I si jj jjjjj
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  • Page 18 Miscellaneous
    • 295 18 CRYPTIC CROSSWORD 1 Spread fertiliser in designer —h —LJ~r--5 Greyhound is a pampered 3 9 Ramsey is sent on a mis- BB HH HE MB 9B 10 Talk about the Italian home 11 11 Precise remedy (8) Hi m £jjj| H 14 Hasty advice to dilatory chess 18 Likely place
      295 words

  • SHIPPING
    • 522 19  -  It apparently scored the highest number of votes in Asian category By GEORGE JOSEPH [SINGAPORE] SINGAPORE has been re-elected to the governing council of the International Maritime Organisation (IMO) for a seventh term. The election to represent an Asia category in
      FILE PHOTO  -  522 words
    • 266 19 Reuters [NAIROBI] Somali pirates have freed a ship and its crew after holding them hostage off the Somali coast for over a month, a maritime official said here on Monday. The Ukranian-owned freighter Panagia and its 22-member Ukranian crew were hijacked on Oct 18
      Reuters  -  266 words
    • 330 19  -  Still, govts must be prepared to deal with it: expert By DONALD URQUHART [SINGAPORE] The threat of a terrorist attack in region? al waters has been overhyped, but evidence of elementary maritime terror training means governments must be prepared, a terrorism expert
      330 words
    • 285 19 ,'SGX HP '000 wk» aw- vai CH Offshore 0J6 -0.01 187 ChumH«4> .039 (102 MOM Cosco Corporation... 2.34 0.01 1889 CWTDMnbutton AM* 0.03 13 Ezra HkJgi 1J9 -0.01 188 Freight br*t_ 0 06 uoch 30 Grand BankiYacht 0.89 unch 0 JayaHokflnp 122 -0.02 522 K1 Venturt 032 unch
      285 words
    • 721 19  -  STRAIT TALK By DAVID HUGHES THREE or four years ago, it looked almost certain that German-based classification society Germanischer Lloyd (GL) would merge with the much bigger, Norwegian-based Det Norske Veritas. At that time the future in classification seemed to lie squarely with the big battalions
      721 words
  • Page 19 Advertisements
    • 379 19 22 MSfl* Asia Pacific Singapore Expo maritime www.apmaritime.com SOUTH EAST ASIA AND SOUTH ASIA AUSTRALIA TRADE FACILITATION AGREEMENT NOTICE TO TRADE BUNKER ADJUSTMENT FACTOR (BAF) from the regular review of bunker prices, the following Lines in the £outh East Asia and South Asia Australia Trade Facilitation Agreement wish to inform
      379 words

  • EDITORIAL & OPINION
    • 547 20 EDITORIAL US stocks rallied last week when minutes of the latest Federal Reserve meeting suggested that the interest rate hikes of the past 18 months may be drawing to an end soon. The minutes warned of the dangers of monetary overtightening which traders took as
      547 words
    • 1550 20  -  Other global operators could yet play spoiler, with PSA International a likely candidate DONALD URQUHART Transport Correspondent AS THE contest for the substantial container terminal empire of P&O looks all but done with Dubai Ports World (DPW) set to take home
      FILE PHOTO  -  1,550 words
    • 793 20  -  THE BOTTOM LINE FRANK CHING CHINA is in the news. On the health pages, one reads that foreign scientists are mystified that China has reported only three cases of human bird flu infections when Vietnam, which has less than a tenth of
      793 words
    • 2196 21  -  With the IMF hobbled by the Washington Consensus, an AMF could be Asian countries' saviour in times of financial crisis By LIM CHONG YAH A NOT well-known fact is that all the six economies in South-east Asia that were adversely affected by the 1997/98 financial
      AFP  -  2,196 words
    • 664 21  -  LETTER TO THE EDITOR Leong Sze Hian Singapore -1 REFER to media reports on the setting up of the Com Care database. This database currently has records of 74,000 households that have approached the Community Development Councils, the Islamic Religious Council of Singapore
      664 words

  • Page 21 Advertisements
    • 101 21 HAVE YOUR SAY Fax your letters to 6319-8277 or email them to btletterOsph.com.sg or write to: The Business Times, SPH HQ,1000Toa 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 libel laws. We
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  • 9759 22 SGX MAINBOARD n-m w i*t vol c>n latQoata an* ot» omt mm mob i— c—t ri i > i j s«t» w- nw Cw nt w 75 2 S716 la Software 5c 2-5 23 3 10,1 22 6 3140 BTelecomUS2c 7 6,5 7 26 2.4 12.1 3 31S
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  • 6460 23 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local out In SS In USS dy Syr dy yr dy Syr No* 28 Indon Chang* Ch«ng« Ch«nq» Chang* Chang* Chang* World Index Preliminary 958.2 -0.3 12.4 -0.1 10.3 -0.1 63 EAFE Prekminaiy 937.0 -ai 213 03 10.6 03 &S Europe Preliminary
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  • Page 24 Advertisements
    • 1196 24 f Eh* y s I 1I «<> 'J l «t* WBHp>-#^H^^^^| /gg\ NYK GROUP SOUTH ASIA PTE LTD «T TEL 6295 0123 XVX Aline C&rS{ M 3 H LINE Fax:6292 2856(Regicx^sates)/6239 7109(OPS)/*****785(Documentation) 11 NIPPON YUSEN KAISHA TOKYO MMMKU MUtHA. UtX (C/R NO: **********0E) *urop» NCX-Sun MU**imimi CMX' M Vwml C»4«
      1,196 words
    • 556 24 ifriifWTW^^S^HiiSß"iiii^ liiSiilHPf'^^'' 1 VBSa/VOT BA*»ffT) tCGHTW KG KOI LP 5 XT STMITS VEMTUtf 24/D5 IS 3.2 24/11 17/11 30/11 03/12 05/12 STUTCVEKTUK 24/05 IS 31 11/12 21/12 24/12 21/12 31/12 {AUSTRALIAN ItOftO SRVKI VBsa/yor Mjggn wghtpdi la m m sip m mm jkt sw to FWtt/41 50 4J 30-30/10 02-02/11
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  • Page 25 Advertisements
    • 1191 25 www.hombur9sud.com ASIA SERVICE SUMO 1 (EXPORT! ASIA SWYKISUH6I (EXPORT) Ett rri Vwml/Vw PUROAM SEPETIOA SAIITOS flSjJBi PARAiqgUA SMCAPORt PUMPS AIMS BOCtAMPt SAMPS gBM AtoncoSmgoport 505W 07/11 10/12 20/12 29/12 31/11 01/B1 05/1? 24/11 J»/17 31/12 OIAI Cop lonovra 505W 14/12 15/11 04/01 05/01 07/D1 01/01 Cap Moke SISW 10/12 01/01
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    • 1104 25 rasa WY SIM JKT HKG KHH IWC KYH HJS VESSEL VOY_ JflP iKT SUI HKG USM PUS HT VLADIVOSTOK ItfS 1/1? Vl2 »/1g IQ/H 12/1214/1214/1? KMTC JAICAKTA 514$ W 7/12 1/12 13/12 17/12 U/lF |HY ntOGKESS |ioSS~ «/12 10/12 15/12 17/12 H/12 21/12 21/12 KMTC HISAM SMS 11/12 14/12 1
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    • 708 25 WEEKLY EXPRESS SAILING SCHEDULE I ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICD POINTS I vessel I vot I sm I pjmwGkoiojMo In mm [cocooio I I ALSO ACCEPTING FCL TO COO* TUTKDMN (VU COUMNO) AND KANDU t GOaI (VIA N SHFVAJ CONNKTMG MOTHB VSLS TO BJtOK (FHJXSTOWI. ROTTBKUfIt| HAM—6)
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  • Page 26 Advertisements
    • 1463 26 WAN HA! INTERNATIONAL PTC LTD aM* 1U*****000/V T1L*****588 (141 MS) FA3L6224U63 l\\M 1 WAN HAi I INfN CiKtamS«nrfn/lMkta|sDiradUH-(1800)*****200 V V finll llnl LlllLJ naibioiDMMittMJtmsMnMrainLMiMSitONUL-Mziwwf 1U X)H IEL (07) *****23 HUt (07)*****21 SIR A: (031)*****75 FAX: 1031) *****14/*****05 www wnnk.i ram to *lie:|Ml)S2S4l«B«UfcWl) *****14 FUB 714H0/7HW But ****** www.wßwi.tßw.n 8R11:(041M1571«3«UH06I)415W2S/*****W rai
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    • 623 26 i BSA jl o MYANMA n| FIVE STAR LINE (Myanmor National Line) Loading for Yang on VESSEL VOY SIN PKL PEN PGU PAGAN 348W SU> PAGAN 349W SU> IN MALAYSIA: lOUSTIAD SHIPPING AGENCIES KUI/PKL 03-*****388 PEN: 04-*****15 ACCEPTING CONVENTIONAL C6O VESSa VOY HKG SM PU KOI TN ITU SDK TWU
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  • THE BUSINESS TIMES SHIPPING TIMES
    • 8761 27 ETA ETA AdvertHer Vessel Voyage Telephone ETA ETA AtmHier Vend Voyage Telephone SM Oest'n Haw Nam Winih ir m nh i SM Dosfa —m —a —her mrnkm wmmmmmmmmmmmmmumammmmmmmmmmmmiammmmmmmm 10/12 14/12 Nortrans ASM EXPRESS I 240A *****776^6 To ABIDJAN (ABJ) 2003 Cote D'lvoire 14/12 20/12 Nortrans
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  • Page 27 Advertisements
    • 387 27 Taiwan KEE KHH tx G \W e ?kly Consol Service/ E9 usa All IPI via LAX/NYC (MLB/AWS) LCL/FCL rates! HUB MARINE PTE LTD BOOKING: *****375/716 MAINLINE: *****866 FAX: *****066 OPft CODE "DZ" CR NO **********0Z MARKETING SALES: KELVIN CHUA: *****935, MEUNA LEE: *****187 STO« ICUO-8. «KI VESSEL VOYAGE PKG SIN
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    • 253 27 jcgjurL^Bg^^ HBHHHllGo(Ftt*l33l«2wll^OMrn^l^ ■PSllfll TIGER SEA 340N 03-04/12 09-11/12 17 11/12 1 HUiiKUITIGBtSKY 341N 064)7/12 13-15/12 20-21/12 WMCii ''MTIGEK WAVE 342N 10-11/12 16-18/12 24-25/12 ■> TIGER PEARL 343* 13-14/12 20-22/12 27 28/12 1 PMBBnGBStt 344N 17-18/12 23-25/12 31-01/01 »11I?.! i'i IaXHB UMTSE 63? 30-01/1? 08-10/12 18-19/1? K ■MRIRMMAinuvaLB ooe 05-06/12 13-15/12
      253 words


  • MOTORING
    • 496 29  -  BT exclusive Owners will get discounts of up to 15% on premiums as well as extra benefits By SAMUEL EE MPV owners will get an average discount of 10 per cent and in some cases as much as 15 per cent on motor
      496 words
    • 530 29  -  Reports by SAMUEL EE SIME Darby expects to reap economies of scale and grow three of its brands Ford, Peugeot and Land Rover by housing them under one roof. The three marques moved into a new $45 million building at 305 Alexandra Road this
      530 words
    • 326 29 FORD and Peugeot became the "anchor tenants" of Vantage Automotive Centre when the two brands moved into their groundfloor showrooms this month. Walk into the foyer of Sime Darby's new facility at Alexandra Road and a stunning red Ford GT on the left immediately
      ARTHUR LEE  -  326 words
  • Page 29 Advertisements
    • 143 29 To appfa ca*****6 0980 I D A World of Exclusive Privileges Treats Diners Club www.jmers.com.sg Wine Dine SAccuL^7^r(^ru^u^v wmmUmmm Valid till 15 Dec 2005 3-Course Executive Lunch gggg V;ihie Mriils .if X$y.."»0 IM*II |»rr iM'iii Hull I lire iIkmit oft' 4ofttre/te;i/solHlriiiks Menu Nasi Goreng Istimewaja 0 Hainanese Chicken Rice Katsu
      143 words
    • 52 29 m /,1 Testive Wine Sale -j. 20% discount storewide* iMmgJjla&m 700+ selections ■BgOET-lM 18 Nov-3 Dec 2005 Up to 30% discount for branded stemware (Riedel, Zwiesei, etc) I 4f k f OH ft (ft/ -1//W R V F I t- W %&w M l«l Tuas \t f >rive SMS-WU l'
      52 words
    • 101 29 ATOIT yvTTTM^^Blife"' B «BB a ,^\^mceemb|MaM»|if jm^ W^jßpk^ v f*"-" 4 j* IMfflWre |^Bra. ij *-ifl Spring (.ourt The Oldest Chinese Restaurant in Singapore since 1929. P -7 s 1I1 Ln \run'. 11 s.ii Peking HL j Jj ,1k ouck O S M USUAL CO W i JeJ PRICE y
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    • 3 29 ■1 I jfl
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  • executive Money
    • 1121 30  -  But a buoyant market has reduced the quantum of paper losses. GENEVIEVE CUA looks at the CPF Investment Scheme's scorecard GENEVIEVE CUA DIRECT investments in stocks are still the proverbial Waterloo for Singaporeans saving for retirement. Stocks were the only asset class that continued
      Source: Standard & Poor's fund Services  -  1,121 words
    • 312 30  -  By GENEVIEVE CUA MONDIAL Assistance Group aims to expand it§ presence in Asia in both its motor assistance and travel insurance packages, buoyed by the rise in tourism and consumers' growing awareness of the need for insurance. Mondial is no stranger to Asia. As part
      312 words
    • 612 30  -  <tax@kpmg> By LAM KOK SHANG THE French made history in 1954 when they introduced the Value Added Tax (VAT). Who would have thought then that VAT would become part of our everyday lives or even a global phenomenon as more countries opt for a
      612 words
    • 367 30  -  By Chua Boon Lee Impact of strong US dollar The strong US currency so far this year has been a bane for dollar-based investors but a boon for everyone else The largest fate among the traded currencies that are tracked by Standard floor's Included the yen, the euro
      367 words
    • 1286 31  -  MONEY MATTERS Being in cash for 90% of your portfolio restricts your returns WONG SUI JAU THERE are investors who keep 90 per cent of their assets in savings accounts. Very often, these are people who do not wish to take any form of risk
      1,286 words
    • 4801 31 UNIT TRUSTS FUNDS Citi Money Sing Dollar Class B 1 0869/ Citi Pan-Europe Equity Fund 131/ umiminatlMK'Hnl CitiSelect Asia Tilt Balanced 1.48/ 0846/ CitiSelect Asia Tilt Grow* 1.46/ "va CitiSelect Asia Tit Enh Grth 1.3# Star Eurooe Bal 1W CiSSeiect Global Growth U1/ SwAsiaBmd 1 351/ Ob Gfc F*i Srvcs
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  • Page 30 Advertisements
    • 316 30 SWAT Accounting If you are facing any of these: r~ OUTSOURCING "messy" accounts arising from change of systems/ staff turnover J If you need short or long-term accounting assistance, for e.g.: inability to meet statutory reporting deadlines your staff are on block leave (e.g. maternity leave, reservist urgent need to
      316 words
    • 8 30 MONEY MATTERS 'Safe' way not the best PG3I
      8 words


  • SPIRIT OF ADVENTURE
    • 1208 32  -  Despite his punishing schedule and long working hours in the hospitality industry, Ritz-Carlton GM Octavio Gamarra has somehow managed to create a parallel 'career' as a competitive athlete. For the past 25 years, he has been a triathlete, and a pretty decent one at that, writes
      ARTHUR LEE  -  1,208 words
  • Page 32 Advertisements
    • 69 32 Land Rover legendary facts Land Rover has staked its claim as king of the road less travelled for over 50 years. Since the first model was produced in 1947, a staggering 75 per cent of them are still on the road. v i^--i-iv dfeamb|ad|dß|fes, can live thei#^ m A --IP
      69 words
    • 22 32 KUUifB GO BEYOND This weekly series profiling high-flying executives who find adventure outside of wort is brought to you by Land Rover
      22 words