The Business Times, 9 September 2004
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2004-09-09
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The Business Times
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Title Section15 2004-09-09 1 THE BUSINESS TIMES SINGAPORE 85 cents online at http^/business-times.asial.com.sg MITA (P) 023/03/2004 Thursday, September 9,200415 words
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647 2004-09-09 1 SIOW LI SEN - "It targets institutional clients; company also said to be setting up hedge fund By SIOW LI SEN [SINGAPORE] Temasek Holdings is going into the fund management business and is also said to be in the process of setting up a hedge fund. Temasek spokeswoman Eva647 words
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Article79 2004-09-09 1 US recovery in sight The US economy has regained momentum, says US Fed chairman Alan Greenspan. TOP STORIES, PG 2 Stake in Qantas Is Temasek keen on BA's stake in Qantas? TOP STORIES, PG 3 Vanity Fair ranking Wal-Mart's H Lee Scott pips News Corp chief Rupert Murdoch79 words
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Article129 2004-09-09 1 STI 1,959.13 (-2.34) ST INDEX FUTURES 1,970.00 (+9.00) SIMSCI 235.82 (-0.66) SIMSCI FUTURES 236.20 (-0.50) MARKETS Wednesday Change KLSECOMP 850.11 +7.82 NIKKEI 225 11,279.19 -19.75 HANG SENG 13,049.96 -86.08 SET INDEX 630.21 -1.19 JAKARTA COMP 789.14 +2.45 TAIPEI WPI 5,846.02 -0.81 AUSTALLORD 3,595.90 +0.30 BOMBAY INO 5,298.16 +33.49129 words
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Article32 2004-09-09 1 TOP STORIES ...PG 2-3 COMPANIES... PG 4-9 SINGAPORE PG 10-11 ECONOMY ..PG 12-13 FOREIGN PG 14-19 AVIATION PG 20 EDITORIAL PG 22 STOCKS PG 24-25 SHIPPING ....PG 26-29 BIZIT PG 3032 words
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Article, Illustration590 2004-09-09 1 CHUANG PECK MING - BT Exclusive BKN,a big name in the business, sets up studio and may even go for a listing By CHUANG PECK MING [SINGAPORE] Singapore's bid to tap into the fastgrowing global digital animation business has received another boost. This time it's from590 words
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Page 1 Advertisements
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Advertisement8 2004-09-09 1 STOCK PICKS Small-cap stocks top shareholder returns pgs8 words
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Advertisement63 2004-09-09 1 PH NEW HOME IN CAIRNHILL LG A Yj w f f i diagono M HOTEL. TAKASHIMAYA DEPARTMENT STORE m C O'CKSOff WATCH JEWELLERY, sincere fine watches, the JnW hm ********** l 8 *****4' BT ONLINE For the latest financial news, currency movements and a 7-day archive, visit business-times.asial com.sg This63 words
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Advertisement12 2004-09-09 1 FABLESS FOUR IN SINGAPORE Medialfek completes quartet of large fabless chip-makers PG3O12 words
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TOP STORIES
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461 2004-09-09 2 And inflation has eased despite high crude oil prices Bloomberg. Reuters. AFP [WASHINGTON] US economic growth is picking up after hitting a "soft patch" earlier this year and oil prices are not pushing inflation higher, Federal Reserve chairman Alan Greenspan said yesterday. "The most recentBloomberg.; Reuters.; AFP - 461 words
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Article, Illustration439 2004-09-09 2 KALPANA RASHIWALA - BT Exclusive He's building 20-storey block behind his landmark Cairnhill bungalow By KALPANA RASHIWALA [SINGAPORE] Former OCBC chairman Tan Chin Tuan is developing a 20storey block of apartments behind his bungalow in Cairnhill Road. And he plans to occupy the 8,435 sqARTHUR LEE - 439 words
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Article825 2004-09-09 2 Temasek keen on BA's stake in Qantas? SINGAPORE Airlines is not letting on if it's interested in buying the stake in Qantas that British Airlines is selling; and analysts aren't confident it will. Interestingly, parent Temasek Holdings may be a contender after book builder Citigroup said it has825 words
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709 2004-09-09 3 VEN SREENIVASAN - Temasek gives no hint; Aussie watchdog likely to bar sale to SIA by VEN SREENIVASAN Singapore which lost out to ►ttval British Airlines in a battle for a slice of Australian carrier Qantas 11 years ago, is unlikely to rush in after BA709 words
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Article, Illustration481 2004-09-09 3 It offers 5,000 Singapore-Bangkok tickets at just 49 cents each [SINGAPORE] Thai Air Asia has picked up the gauntlet thrown down by Tiger Airways. Its response to Tiger's $1 tickets to Bangkok, Phuket and Hatyai came in the form of one-way ticketsAFP - 481 words
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Advertisement18 2004-09-09 3 K ft 'fffiJv H v Mfl B a €3 2 Great Universities 2 MBA Degrees -1 Extraordinary Experience18 words
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Advertisement35 2004-09-09 3 *k -f' %k,, I I '4 On 14th September Mr Martin Nicholls, the Master Tatlor from Alfred Dunhill London will be in Singapore. I I II For appointments please call our store. dunnni paragon: *****12635 words
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COMPANY NEWS
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919 2004-09-09 4 TEH HOOI LING - Smaller companies beat big boys in returns over one, three and five years By TEH HOOI LING WHAT are the chances of you having picked a stock which outperformed the total return of the basket of Straits Times Index stocks over the last one,919 words
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601 2004-09-09 4 KENNETH LIM - But they're split on whether it'll do so this month By KENNETH LIM LIKE a playful youth, the key Straits Times Index has been flirting with the psychologically significant 2,000 level this week, leaving the market to wonder when it will make the601 words
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321 2004-09-09 5 KENNETH LIM - It inks joint-venture with EDB Ventures, is subject of upbeat brokers' reports By KENNETH LIM FU Yu Corp led the plastics plays yesterday as investors bought into analysts' optimism about the sector's prospects. Fu Yu, a supplier of plastic parts to mobile321 words
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670 2004-09-09 5 R SIVANITHY - HOCK LOCK SIEW By R SIVANITHY IN an attempt to inject new life into a flagging initial public offer market, US investment banks last December introduced a new type of security known as an "income deposit security", or IDS.670 words
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403 2004-09-09 5 JOYCE KOH - By JOYCE KOH HOW much higher will Paulson Co push its stake in takeover target Neptune Orient Lines (NOL)? For the second time in three days, the US fund manager has notified the Singapore Exchange (SGX) that it has raised its stakes in NOL403 words
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Article396 2004-09-09 5 UOL acquires remaining 30% stake in MioDino UNITED Overseas Land said it has acquired the remaining 30 per cent stake in MioDino for $53,100. UOL bought the stake in the furnishings unit from Industria Mobili Mio Dino srl and an unrelated minority shareholder. Centrepoint Prop buys stake in396 words
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Article, Illustration472 2004-09-09 6 KALPANA RASHIWALA - White Sands tender closes with 5 bids; highest said to be more than 150m By KALPANA RASHIWALA THE sale of Jurong Point Shopping Centre could be in the offing, according to property market watchers. Jurong Point Realty, a 50:50 joint venture betweenFILE PHOTO - 472 words
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Article, Illustration461 2004-09-09 6 VINCE CHONG - By VINCE CHONG MAIN BOARD-LISTED Amara Holdings will make its first foray into the resort hotel business with a $60 million, 125-room-project on Sentosa that should take the number of hotel rooms on the tourist island close to the 1,000 mark.LAU FOOK KONG/ST - 461 words
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461 2004-09-09 6 WONG WEI KONG - Stocks will belong to one of two classes: JP Morgan By WONG WEI KONG THE emergence of trust structures with tax advantages should accelerate the transformation of the Singapore market into two sectors: high-growth stocks paying little or no dividends that are heavily exposed461 words
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Article3490 2004-09-09 6 UNIT TRUSTS FUNDS CradK Agricof* «M Mgt S'pore Ltd fidelity Korea USD 7J11/ HICSGf USD European Growth (V *****/ South East Asia USO 0.844/0886 USS Chma Cap Pro fd AprOS 1.0256/ Utd Cap Pro fd Series 2 SGO 0.9462/ Pacific Harvest 1 0.9937/1.046 CAAM Asa Vision fund!" 1033/1.085 fidelity KoreaB3,490 words
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Article, Illustration582 2004-09-09 7 JEAN CHUA - New World's Cheng Yu-tung, others buy up 13% of water treatment company By JEAN CHUA HONG Kong's Cheng Yutung, one of the world's richest men, and two other prominent businessmen have individually acquired stakes totalling about 13 per cent in mainboardlisted Bio-Treat gyNews582 words
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363 2004-09-09 7 SIOW LI SEN - By SIOW LI SEN CHINA yesterday announced further liberalisation of its banking sector but analysts believe this is unlikely to make much difference to the measured approach of Singapore's three banks in tackling opportunities in that vast nation. Global banks,363 words
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290 2004-09-09 7 JEAN CHUA - By JEAN CHUA SEE Hup Seng is acquiring 73 per cent of Top Power Holdings, which controls gas-related businesses in China, to gain entry into the country's energy industry. The Sesdaq-listed company will be paying $17.58 million for the stake290 words
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Article, Illustration582 2004-09-09 7 KENNETH LIM - By KENNETH LIM PAN Asian Water Solutions is set to become Singapore's eighth water-treat-ment play with an initial public offering of 25 million new shares at 21 cents apiece. The piping solutions provider supplies Kubotabrand pipes for projects mainly in Singapore,ARTHUR LEE - 582 words
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190 2004-09-09 7 ANDREA TAN - By ANDREA TAN TYRE maker YHI International Ltd said it is pumping $7.8 million into a Malaysian wheel-making plant. The factory will serve the South-east Asia markets, which YHI sees as an increasingly important automotive hub following the Asean free trade agreement. The plant190 words
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Advertisement16 2004-09-09 6 PIMCO Emerging Markets Bond Fund rated 5-star by Mercer Investment Consulting Allianz (fij) Dresdner Asset Management16 words
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Advertisement68 2004-09-09 7 7 Sep. 1030 1800hrs 8-9 Sep. 1000 1800hrs -10 Sep. 1000 -160^^1 ■MHMM DESIGDtech Asia OPTOelectronicsAsia technologies r Semiconductor (back-end) Optical components 'i&h Display components tf. Inviouation Gallery featuring Dano and mems J| Supparadty SuWCirra Ar*4ftftc« Qu«Myfc:v«ntt>y i 3 aif 1 H ♦smta (0) PS® Nfßxao* C^R«d na=srr= gssss: SH—tjsa68 words
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SINGAPORE MARKETS
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Article, Illustration504 2004-09-09 8 R SIVANITHY - STOCKS Analysts see the latest market move as a rotation out of blue chips into the second line R SIVANITHY Senior Correspondent AFTER the fine run that blue chips have had over the past fortnight, it's perhaps natural to expect some spillover intoSource: Bloomberg - 504 words
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Article, Illustration917 2004-09-09 8 KENNETH LIM - Compiled by KENNETH LIM First Engineering Sept 8 dose: $1.25 FIRST Engineering (FE) is working on new programs with Hewlett Packard that involve entirely new platforms. This would require a lot more complex mechanisms for the printers that would have more slots for cartridges. We expect FE toSource: Bloomberg - 917 words
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Article, Illustration545 2004-09-09 8 CURRENCIES [SINGAPORE] The Singapore dollar rallied to a seven-week high and remained in the strong half of its policy band on Wednesday even as the yen pared its offshore gains and pegged other regional currencies back. With major currencies waiting for Federal Reserve chairman AlanREUTERS - 545 words
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Article470 2004-09-09 8 TAILA KRISHNAKUMAR - Compiled by TAILA KRISHNAKUMAR Broadway's directors in buy, sell deals BROADWAY Industrial Group's executive director Lee Po Lo sold 40,000 shares in the moulding specialist company on the open market yesterday at 27 cents apiece. The sale lowered his direct stake from 0.41 per cent to 0.37470 words
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Article, Illustration440 2004-09-09 8 OTHER SINGAPORE INDICES Sep 8 VALUE CLOSE BT OB/OS -1.00 -133.00 BT CADI -*****.00 +39.00 BT 10-day MA -*****.00 All-SG Equities 509.42 -1.30 SG Equities Elect 159.66 +0.96 SG Equities Fin 1612.66 -<-0.20 SG Equities Prop 469.04 -3.88 SIMSCI 235.82 -0.66 SiMSCI Futures 236.20 -0.50 MOST ACTIVE STOCKS VOLUME Elk440 words
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MID CAPS
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Article, Illustration831 2004-09-09 9 JEAN CHUA - It has a solid business and robust earnings, but it stays hidden. Perhaps raising its profile may help its share price, says JEAN CHUA JEAN CHUA CHUAN Hup Holdings' stock still has some way to go despite trading near its all-time high of 55 cents831 words
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Advertisement104 2004-09-09 9 fill** Si (mi In hi latum! Mid Autumn Mooncake Festival Promotion Attractive 'Fortune Box' from Si Chuan Dou Hua Restaurant now available. Reward yourself or friends with this special Fortune Box' that comes with a fortune prize' slip. You could be lucky to win a free night's stay at Plaza104 words
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SINGAPORE NEWS
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Article, Illustration453 2004-09-09 10 NANDE KHIN - DBS to arrange $300m loan portfolio to be launched in Jan By NANDE KHIN DETAILS of Singapore's first loan securitisation pilot programme for small and medium enterprises were announced yesterday by Vivian Balakrishnan, Senior Minister of State for Trade and Industry. "TheFILE PHOTO - 453 words
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Article, Illustration379 2004-09-09 10 INSPIRED by the courage and stamina of a blind marathon runner, Standard Chartered group executive director based in Singapore, Mike DeNoma, has come up with a team marathon idea, said to be the first of its kind. Named The Greatest RaceTAN CHOON TAT/ST - 379 words
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Article, Illustration644 2004-09-09 10 CHEN HUIFEN - S'pore system works so well it has little innovation By CHEN HUIFEN SINGAPORE'S health care system needs to be more competitive internally, if the country wants to become a health care hub, according to an industry observer. Professor Narayan Pant, associate dean of executive educationFILE PHOTO - 644 words
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257 2004-09-09 10 TEENAGERS will soon get a leg-up in learning how to manage their pocket money with the launch yesterday of a new financial literacy education programme aimed at 14 to 18-year-olds. Called Practical Money Skills for Life, the programme was jointly introduced by the Association257 words
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367 2004-09-09 10 GENEVIEVE CUA - By GENEVIEVE CUA OIL prices could stay above US$4O a barrel until the middle of next year, says Credit Suisse chief economist and strategist, Arunja Mahendran, owing to surging demand from China. Based on data compiled by Credit Suisse, global demand for crude oil367 words
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Article207 2004-09-09 10 Poultry relief packages extended THE relief package for poultry slaughterhouses as well as poultry and egg stalls will be extended by another three weeks. The National Environment Agency will extend the temporary waiver of rental for poultry and eggs stalls in government markets from today to Sept 29.207 words
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319 2004-09-09 10 SAMUEL EE - By SAMUEL EE SHELL yesterday started the ball rolling when it cut petrol prices by three cents a litre in what is only the second time this year that pump prices have fallen. Its move was followed by ExxonMobil, which runs the319 words
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228 2004-09-09 10 COE premiums bounced back across the board yesterday despite the Hungry Ghosts Month and what some dealers said was a relatively quiet market. A Category B certificate of entitlement for cars above 1,600 cc posted the biggest increase of $1,498, to $27,799. The open228 words
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SINGAPORE FOCUS: SERVICES
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507 2004-09-09 11 NANDE KHIN - EDB'S IHQ AWARD S'pore is set to be the regional services hub as MNCs settle here, says NANDE KHIN NANDE KHIN Z'J| F the recent International Headquarters fl (IHQ) Award ceremony is anything to go fl by, Singapore is on track to becoming507 words
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Article, Illustration342 2004-09-09 11 Attractions include well-qualified workforce and reasonable taxes MAGINET Interactive is the largest Internet and movie provider for the hospitality industry in Asia-Pacific. To date, it has provided over 125,000 rooms with interactive TV, digital video-on-demand, and Internet service. Magi Net counts over 550342 words
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Article, Illustration272 2004-09-09 11 MANY people are familiar with Hermes, but few are aware that the French high-end luxury goods maker has its headquarters for Asia, excluding Japan, in Singapore. Set up by Thierry Hermes, a harness-maker in 1837, the firm has come a long way since272 words
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Article357 2004-09-09 11 EDB's Headquarters (HQ) Programme was started in 1986 with the launch of the Operational Headquarters (OHQ) Programme for firms that provide management and other HQ-related services to subsidiaries, associates or related companies in other countries. The programme also evolved over time to include new awards such357 words
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Advertisement1385 2004-09-09 11 ■KIMffPPUHHI IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF HIMWE CONSTRUCTION PTE LTD (IN CREDITORS' VOLUNTARY UQUIDATION) Extract of the minutes at the Extraordinary General Meeting of members of HIMWE CONSTRUCTION PTE LTD, convened and held at Equity Plaza 20 Cecil Sheet #12-02/03 Singapore1,385 words
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ECONOMY WATCH
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Article, Illustration740 2004-09-09 12 Amount smaller than expected, but deficit outlook past 2006 worsening Cox News [WASHINGTON] The Congressional Budget Office said on Tuesday that the federal deficit will hit a record US$422 billion this year, the largest dollar amount in history. Still, the figure wasCox News; Source: US Congressonal Budget Office; REUTERS - 740 words
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519 2004-09-09 12 Reuters [SAN FRANCISCO] The US economy will linger through a "soft patch" for the foreseeable future and a pullback in consumer spending could trigger a recession within the next two years, according to a widely watched forecast issued yesterday. The UCLA Anderson ForecastReuters - 519 words
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276 2004-09-09 12 Bloomberg [SYDNEY] The Organisation of Petroleum Exporting Countries wiil discuss a proposal to increase the group's target range for oil prices at its next meeting on Sept }5 in Vienna to take account ol inflation and the weaker US dollar, a SaudiBloomberg - 276 words
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Article, Illustration414 2004-09-09 12 Q3 exports to grow 3.1% after 13.4% in Q2: Kiel Institute Bloomberg GERMANY'S economic recovery is faltering as oil prices, driving inflation worldwide, dampen both domestic demand and growth in export orders, the Kiel Institute for World Economics said. Europe's largest economy willBloomberg; AFP - 414 words
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475 2004-09-09 12 AFP [SYDNEY] Opec president Purnomo Yusgiantoro yesterday blamed a "political premium" of US$lO-15 a barrel for soaring oil prices, saying the oil cartel is exceeding its supply quotas but the market is not responding. Mr Purnomo said Opec was concerned about theAFP - 475 words
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Article, Illustration526 2004-09-09 13 ANNA TEO - Deutsche Bank economist sees down cycle in 2006 By ANNA TEO [SINGAPORE] Norbert Walter, Deutsche Bank Group's chief economist, came away from his August trip through Asia with his impression of "a continent that's back on stage" strengthened. But he also sounds a warning:FILE PHOTO - 526 words
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318 2004-09-09 13 Reuters [OUAGADOUGOU, Burkina Faso] The International Monetary Fund has urged China to gradually loosen its currency's peg to the dollar, without abandoning all safeguards, the fund's managing director Rodrigo Rato said. Mr Rato also told Reuters in an interview lateReuters - 318 words
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Article465 2004-09-09 13 [KUALA LUMPUR] Prime Minister Abdullah Ahmad Badawi will deliver Malaysia's 2005 budget on Sept 10. Mr Abdullah, who is also Finance Minister, is likely to announce an eighth straight fiscal deficit as the government seeks to support growth, economists said. In what would be his first465 words
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MALAYSIA COMPANIES
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Article, Illustration738 2004-09-09 14 No clear winner yet for DRBHicom stake Apart from price, qualitative issues of the two bids must be studied: sources [KUALA LUMPUR] The bids for a strategic stake in DRBHicom Bhd are in and indications are that the winner may not be as clear cut as earlier thought, according to738 words
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686 2004-09-09 14 [KUAIA LUMPUR] Sarawak Enterprise Corp Bhd (SECB) is emerging as a major electricity player in Sarawak following the consolidation of the state's power generation, transmission, distribution and supply businesses, reports the Malaysian Business Times. According to the newspaper, SECB said it will pay RM1.03686 words
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Article1752 2004-09-09 14 S«p km +y. ('000) n 22! 132 f Magnum Corp.... 353 unch 2282 R Huss Wrt 24Mar02 _3.11 unch S3 SUEZ! 222 GrP H 4 001 2590 "HuBWrt24M«07 0.10 unch 0 ASM Realty 1.38 -0.03 154 SJ!2L ct2 .25 Maakoff..... .635 0.05 957 Ramatex 3J4 0.041,752 words
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Article, Illustration521 2004-09-09 14 Public offer of 73.6m shares seen raising RM147.2m [KUALA LUMPUR] Malaysian timber magnate Tiong Hiew King may raise about RM147.2 million (Ss66 million) selling shares in Sin Chew Media Corp, publisher of the nation's biggest Chinese-language newspaper by circulation. Mr Tiong, who controls SinFILE PHOTO - 521 words
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MALAYSIA/INDONESIA
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Article737 2004-09-09 15 Problems in construction force consortium to review contract [KUALA LUMPUR] The Sime Darby Bhd-led consortium is reviewing the contract it was awarded to build the RM1.79 billion Bakun Hydroelectric Dam, says a report in The Edge Malaysia, citing sources. Among the areas under review are737 words
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Article, Illustration527 2004-09-09 15 Bloomberg, AFP, AP [KUALA LUMPUR] Malaysia's Federal Court will make a decision on Sept 15 after a review of former deputy premier Anwar Ibrahim's corruption conviction, for which he has already served time in prison, his lawyer said. The court decided unanimously onBloomberg,; AFP,; AP; AFP - 527 words
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Article, Illustration522 2004-09-09 15 Bloomberg [JAKARTA] Indonesia's rupiah and investment may not rise immediately after the presidential election as investors may wait to see new government plans to reduce corruption and spur growth, a former Indonesian central banker said. The rupiah may hover at current levels andBloomberg; AFP - 522 words
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210 2004-09-09 15 Bloomberg [JAKARTA] Indonesia will offer the quarter of PT Semen Gresik that is currently owned by Cemex SA to other investors after the Mexican company agreed to sell the stake, State Enterprises Minister Laksamana Sukardi said in Jakarta. "About aBloomberg - 210 words
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Article722 2004-09-09 15 SHOEB KAGDA - COMPANY PROFILE Indon developer of industrial parks will benefit once FDI flow picks up, says SHOEB KAGDA SHOEB KAGDA SD Darmono is looking much more relaxed these days. The president director of PT Jababeka has seen his company emerge from the financial crisis leaner and hungrier for722 words
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361 2004-09-09 15 AFP [KUALA LUMPUR] A Malaysian veterinarian hospitalised three days ago with suspected bird flu has been cleared of the disease, health officials said yesterday amid intensified efforts to contain a new outbreak. The woman, who developed diarrhoea and fever while working inAFP - 361 words
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GREATER CHINA
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180 2004-09-09 16 Reuters [HONG KONG] Chinese authorities have urged state firms to go slow with overseas listings to avoid hindering growth of equities markets at home, The South China Morning Post said yesterday. It cited Shanghai stock exchange executive president James LiuReuters - 180 words
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506 2004-09-09 16 It also plans to invest US$150m in wireless network in Vietnam Bloomberg [HONG KONG] Hutchison Telecommunications International Ltd, which is preparing for an initial public offer to raise as much as US$2 billion, plans to spend US$4OB million to buy a wireless operator inBloomberg - 506 words
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Article, Illustration218 2004-09-09 16 AP [HONG KONG] A former Hong Kong financial chief brought down by a major local scandal is seeking to bounce back by taking a senior job with China's fifth-largest bank, a newspaper reported yesterday. Antony Leung (left) resigned from the Hong KongAP - 218 words
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685 2004-09-09 16 Bloomberg HONG Kong may get as much as HK$7 billion (Ssl.s billion) for a single site at its next land auction, the highest since 1997, as developers vie to replenish their reserves on optimism a real estate rebound in the city willBloomberg - 685 words
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Article, Illustration37 2004-09-09 16 [SANYA, Hainan Island] Chinese contestants in a modelling competition taking part in a photo call on a beach here on Monday Beauty contests and modelling competitions are becoming highly popular in China. REUTERSREUTERS - 37 words
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289 2004-09-09 16 But state-owned enterprises still dominate rankings [BEIJING] More than 400 of China's 500 largest companies are state-owned but the weight of the private sector continues to grow, though more slowly than last year, according to a list published by a Chinese289 words
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300 2004-09-09 16 Regulator also asks them to expand through mergers Reuters [BEIJING] China is encouraging city commercial banks to bring in foreign investors and grow bigger through mergers, the bank regulator said on Tuesday, signalling increasing concerns about weaker players. China's city commercialReuters - 300 words
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FOCUS: INDIASOURCING
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Article, Illustration1547 2004-09-09 17 Small US tech companies are joining big players in the offshoring game, and there's no question the trend is permanent and growing NYT TODAY'S the day they meet the new boss from Austin, Texas. The office looks like any cubicle farm off Loop 360: harshNYT; AFP - 1,547 words
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Article, Illustration749 2004-09-09 17 NYT [BANGALORE] Tech workers are job-hopping their way to loftier titles, higher salaries and piles of stock options. Housing prices are soaring, and rush hour traffic backs up for miles. Bangalore, a balmy southern city high on a plateau, is the headquarters of India's surging offshoring industry.NYT; AFP - 749 words
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557 2004-09-09 17 Cox News Service [BANGALORE] Three years ago, every line of Trilogy Inc software code was written from the company's headquarters overlooking Austin. Now, it all happens here, in a shiny new glass and marble office building with leather sofas in the lobby andCox News Service - 557 words
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ASIA-PACIFIC
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Article, Illustration441 2004-09-09 18 The company may sell 50% stake in country's second largest share sale [BANGKOK] Thai Oil has launched Thailand's second largest initial public offering, in a move that could raise more than US$6OO million and provide a test of investors' appetite forSource: UBS - 441 words
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NOTE BOOK
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115 2004-09-09 18 AP [HONG KONG] The London Stock Exchange will set up an Asia-Pacific office in Hong Kong in hopes of attracting listings from mainland Chinese companies, the Wen Wei Po newspaper said yesterday. The London market has straightforward listing proceduresAP - 115 words
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113 2004-09-09 18 AFP [BEIJING] The nephew of China's powerful military leader Jiang Zemin has denied a report that the 78-year-old former president is ready to resign, a Hong Kong-based human rights group said yesterday. "There is no such thing," Tai Zhan, aAFP - 113 words
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101 2004-09-09 18 Bloomberg [BEIJING] Chinese companies invested a record US$2.B5 billion abroad in 2003 as the government encouraged businesses to expand overseas. The sum was 5.5 per cent more than the tally for 2002 and Hong Kong was the biggest recipient of Chinese investment,Bloomberg - 101 words
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103 2004-09-09 18 Bloomberg [KUALA LUMPUR] Malaysia said it will sell RM2 billion (*****.4 million) of five-year bonds in an auction on Sept 14, according to a statement from the central bank. The government sold RM32.35 billion of bonds in 10 previous salesBloomberg - 103 words
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54 2004-09-09 18 Reuters [KUALA LUMPUR] Malaysia on Tuesday asked Parliament to approve an extra RM6.B billion (Ss3.l billion) to cover the government's 2004 operating expenditure This would raise its total 2004 operating spending by 8.4 per cent to RM87.3 billion from RM80.5 billion initiallyReuters - 54 words
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107 2004-09-09 18 Bloomberg [BEIJING] China will let foreign banks such as HSBC Holdings and Citigroup conduct local-currency business in three more cities including the capital Beijing at the end of this year, the China Banking Regulatory Commission said. The addition ofBloomberg - 107 words
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110 2004-09-09 18 Bloomberg [HONG KONG] Hang Lung Properties, Hong Kong's fourth-largest developer by market value, more than quadrupled profit for the second half as sales tripled. Net income for the six months ended June 30 rose to HK$l.54 billion (*****.5 million)Bloomberg - 110 words
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74 2004-09-09 18 Reuters [BANGALORE] General Electric Co, a pioneer of outsourcing to India, is considering the sale of its back-office services business in the country for US$l billion, the Economic Times newspaper said yesterday. GE, whose subsidiary is the largest inReuters - 74 words
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Article, Illustration755 2004-09-09 18 ANTHONY ROWLEY - ASIA INSIGHT But corporate management could be afflicted by 'short-termism' ANTHONY ROWLEY Tokyo Correspondent HAS "shareholder capitalism" finally arrived in Japan and, if so, is it a good thing or not? The issue has taken on new meaning with the launch of the first competitive bidding battle755 words
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Article, Illustration594 2004-09-09 18 Reuters [SINGAPORE] Asian plans for Western-style freed-up power markets are likely to founder as demand grows and investors baulk at the risks, leaving more room for fixed-price supply deals. China alone needs US$l.9 trillion of new power investment byReuters; AFP - 594 words
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328 2004-09-09 18 Bloomberg [HONG KONG] CLP Holdings, Hong Kong's biggest power company, is in talks to sell part of its 50 per cent stake in a Thai power venture to Electricity Generating, CLP's managing director Andrew Brandler said. The companies have been in talks forBloomberg - 328 words
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343 2004-09-09 18 Reuters [BANGKOK] Thailand's True Corp pel and its major shareholder, Charoen Pokphand Group (CP), have agreed to give TA Orange financial support if the mobile phone firm needs it. The support was a condition required by creditors of TAReuters - 343 words
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WORLD
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611 2004-09-09 19 It holds talks with media giants, but denies offering assets for sale Reuters [LONDON] The BBC is in talks with media companies including Time Warner, Bertelsmann and Walt Disney about its commercial subsidiary BBC Worldwide, but the corporation denied it has been put upReuters - 611 words
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Article, Illustration719 2004-09-09 19 Wal-Mart boss up from 9th place in Vanity Fair ranking [NEW YORK] The readers of glossy society magazine Vanity Fair are likely to raise an eyebrow or two this month after it put the boss of Wal-Mart at the top of its annual719 words
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407 2004-09-09 19 Bloomberg [NEW YORK] The California Public Employees' Retirement System, the largest public US pension plan with US$l66 billion of assets, was sued for failing to disclose the fees it pays managers of venture capital and hedge funds. Taxpayers and state workers whoBloomberg - 407 words
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Article, Illustration432 2004-09-09 19 Bailiffs preparing subsidiary for sale against tax owed AP [MOSCOW] Russia's Tax Ministry has slapped Yukos with a collection order on part of a back tax claim, raising the total due to US$6.l billion, the embattled company said on Tuesday. Yukos has paidAP; REUTERS - 432 words
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396 2004-09-09 19 NYT [LONDON] The Invesco Funds Group and an affiliate, AIM Advisors, agreed on Tuesday to a US$45O million settlement with regulators, who accused the companies of improperly allowing favoured investors to rapidly trade in and out of their funds. The settlement withNYT - 396 words
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309 2004-09-09 19 Bloomberg [NEW YORK] Playboy Enterprises, the publisher of the most widely read men's magazine, will this month begin a low-cost web subscription service to attract more customers and is considering starting an online dating service. The web service, called "Playboy Daily", will costBloomberg - 309 words
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AVIATION
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Article, Illustration397 2004-09-09 20 New deal will raise total weekly passenger fights permitted to 1.600 AP [HONG KONG] In a gradual opening of China's skies to more commercial aviation, Hong Kong and mainland regulators struck a deal yesterday to grant more flying rights to carriers from theAP; FILE PHOTO - 397 words
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223 2004-09-09 20 AFP [NEW YORK] Delta Air Lines said yesterday it would cut 6,000 to 7,000 jobs and slash US$5 billion in operating costs in a massive restructuring aimed at keeping the carrier in business. Chief executive Gerald Grinstein, in remarksAFP - 223 words
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Article, Illustration43 2004-09-09 20 [TOKYOI Japanese All Nippon Airways campaign girl showing off the airline's new uniform for cabin attendants in Tokyo yesterday. Tokyo's Haneda airport will soon open its second domestic terminal and ANA will start operations from Dec 1. AFPAFP - 43 words
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324 2004-09-09 20 Bloomberg [WASHINGTON] Leaders of US Airways Group Inc's pilots union rebuffed a plan to cut US$295 million in wages and benefits the company says it needs to avoid a second bankruptcy filing in two years. The shares fell nearly 13 per centBloomberg - 324 words
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391 2004-09-09 20 It's also banking on Indian fifth rights permission to increase sales Bloomberg [BANGKOK] Thai Airways International, Asia's worstperforming airline stock in the past 12 months, said its pre-tax earnings may rise by about a third next year as it upgrades services toBloomberg - 391 words
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Article1750 2004-09-09 20 CT ttWIT tn> MH603 1255 SQ106 0830 D^,M SQ407 0710 1356 1145 SQ111 1515 AM47 0925 Adelaide LH9771 1840 BA7382 2215 K357 1025 SQ408 1850 MH605 1635 MH604 1005 SQ5055 1740 TG406 1705 S°230 1840 QF82 2215 DnpanrMi SQ141 1145 SQ142 0935 SQ113 1735 SQ110 12351,750 words
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Page 20 Advertisements
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Advertisement333 2004-09-09 20 Now even more reasons to fly Qatar Airways Spoiled for Choice! FREE DUTY FREE Fly Business Class between Ist August and 30th November and receive a Duty Free Voucher with our compliments Business class passengers will get USD 80 worth of duty free shopping voucher which can be also used333 words
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SHIPPING
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Article, Illustration584 2004-09-09 21 DONALD URQUHART - Report says it will bid for six new berths at Thailand's Laem Chabang Port By DONALD URQUHART [SINGAPORE] Hot on the expansion trail seemingly on all fronts, PSA International is one of three international groups bidding for a 30-year concession worth 100 billion bahtFILE PHOTO - 584 words
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Article283 2004-09-09 21 SGX '000 S*M S$ W- Vol CH Offshore .037 -0.01 83 ChuanHup .055 unch 1078 Cosco Investment .0.85 0.01 ***** CWT Distribution .0.48 -0.01 17 Ezra Hidgs 0.99 uncti 0 Freight unks. 0.09 -0.01 221 Grand Banks Yacht ...0.80 -0.01 6 Java Holdings 0.90 -0.01 1057 K1 Ventm283 words
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Article, Illustration153 2004-09-09 21 [SINGAPORE] The longest serving golf tournament for the local shipping industry the BTL Masters —saw its 15th annual tournament held on Tuesday with Hanjin Shipping's BS Choi emerging victorious with 38 pts (Stableford nett). The event, organised by common feeder Bengal Tiger Line (BTL), is a fixtureCHRIS LOH - 153 words
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651 2004-09-09 21 Ambitious plan to beat Russia as top LNG exporter Bloomberg [DOHA] Qatar, the site of the world's No 3 gas reserves, plans to order the world's biggest liquefied natural gas tankers next month as the country seeks to be the largest exporter ofBloomberg - 651 words
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Article, Illustration50 2004-09-09 21 [KASADO. Japan] The bow of an Indonesian-registered cargo ship is washed ashore on Kasado Island in western Japan yesterday after powerful typhoon Songda lashed southern and western Japan on Tuesday. Eight of the 22 crew members were killed with 14 listed as missing. Japanese media said. REUTERSREUTERS - 50 words
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371 2004-09-09 21 AL LABITA - By AL LABITA OFFSHORE ventures, particularly those in Europe, are paying off well for listed International Container Terminal Services Inc (ICTSI), the Philippines' first and only overseas cargo handler. Buoyed by surging cargo throughput, ICTSI subsidiaries in Poland and Brazil booked a combined371 words
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Article225 2004-09-09 21 DONALD URQUHART - By DONALD URQUHART [SINGAPORE] Following the recent completion of two new berths under its phase 2 expansion, the neighbouring Malaysian Port of Tanjung Pelepas (PTP) has placed an order for three super post-pana-max quayside cranes and 15 rubber tyred gantry cranes. The order was225 words
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PORT SHOTS
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87 2004-09-09 21 Bloomberg [DUBAI] China Harbour Engineering Co Group and Societe Beige des Beton SA are among the six foreign companies invited to bid for a US$32O million contract to expand the Khor Fakkan container port, the United Arab Emirates' second largest. A spokesman forBloomberg - 87 words
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80 2004-09-09 21 Bloomberg [SEOUL] STX Corp, a South Korean holding company for shipbuilders and engine makers, said it was named as the preferred negotiator to buy Pan Ocean Shipping Co, one of the world's top 10 bulk carriers. STX made the highest offer among seven bidders,Bloomberg - 80 words
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60 2004-09-09 21 Reuters [TOKYO] Mitsui OSK Lines, Japan's second-largest shipping company, said yesterday it will spend U*****.6 million to take a majority stake in real estate affiliate Daibiru Corp. Mitsui said property leaser Daibiru will become the core company in its real estate businessReuters - 60 words
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Page 21 Advertisements
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Advertisement172 2004-09-09 21 NOTICE TO TRADE SOUTH EAST ASIA, FAR EAST TO INDIA PAKISTAN TRADE RATE RESTORATION FROM Ist October 2004 In order to maintain a high standard of service to their customers, the carriers serving the trade from the South East Asia, Far East to India and Pakistan wish to inform the172 words
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EDITORIAL & OPINION
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Article546 2004-09-09 22 EDITORIAL WHATEVER the reality, there was no question that up until last week Malaysia's judiciary was widely perceived to be under the thumb of its political leaders in its handling of the Anwar Ibrahim affair. Thus the decision of the Federal Court to uphold the former546 words
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Article, Illustration726 2004-09-09 22 ROBERT SAMUELSON - THE BOTTOM LINE ROBERT SAMUELSON The Washington Post Writers Group LET'S note, just for the record, that both President George W Bush and his Democratic rival John Kerry have evaded the nation's largest budget problem: controlling federal retirement spending, mainly Social Security andThe Washington Post Writers Group - 726 words
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Article, Illustration1820 2004-09-09 22 MADHAV MEHRA - Have recent steps to strengthen corporate governance yielded any improvements? MADHAV MEHRA TWO years after the Sarbanes-Oxley Act, it is only appropriate that we look at the report card of corporate governance reforms worldwide and evaluate whether they have achieved their intended goal. There is no doubtAP - 1,820 words
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Article, Illustration1736 2004-09-09 23 TIMOTHY L O'BRIEN, ERIC DASH - Failures slide off the famed businessman's back like water off a duck's back By TIMOTHY L O'BRIEN, ERIC DASH NYT WHEN Donald J Trump kicks off the second season of his hit reality television show, The Apprentice, reality may be in short supply. InNYT; REUTERS - 1,736 words
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429 2004-09-09 23 Tan Kok Tim Singapore - LETTERS TO THE EDITOR Tan Kok Tim Singapore IN his address at the Nanyang Primary School, Prime Minister Lee Hsien Loong sent a strong signal to educators that, in the coming years, schools and parents have to make "tough choices" in striking the429 words
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Article, Illustration352 2004-09-09 23 Chiam Yeow Khong - Chiam Yeow Khong Head, Environmental Health Department National Environment Agency I REFER to the letter "Assess cost and benefit of thermal fogging" (BT, Aug 30). We thank your reader for his views and observations. We would like to reassure all that the National Environment AgencyFILE PHOTO - 352 words
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Page 23 Advertisements
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Advertisement103 2004-09-09 23 HAVE YOUR SAY Fax your letters to 6319-8277 or email them to btletter@sph.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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Page 23 Miscellaneous
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Miscellaneous181 2004-09-09 23 CRYPTIC CROSSWORD suffer 28 Aim straight (6) 8 Bishop's seat left in church (9) Across: 1 Contours, 5 Pile-up, 9 down 14 Light-fingered clue, arson Anatolia, 10 Stater, 12 Spearhead, suspected (9) 13 Istle, 14 Trot, 16 Spiders, 19 Fas--2 See short attempt preceding 16 it is fractionally above the181 words
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Article9329 2004-09-09 24 STRAITS TIMES INDEX STOCKS Stodi n» Wt dow Change Stodi nun* m Oof dang* Aligreen SOc 0.32 1.130 +0.010 NOL 2.05 2.800 -0.010 BIL Intl US20c 0.47 0.980 -0.015 OCBC 10.85 13.900 +0.200 Capita Land 1.14 1.660 -0.020 Parkway H 25c 0.65 1.360 +0.030 Chart SemiCond 26c 0.819,329 words
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Article4825 2004-09-09 25 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In kxal curr In S$ In US$ dy yr dy %yr dy %yr 7 lnd«x Ch«ng« Ch»nq« Change Ch«ng« Ch«rtg« Ch«ng« World Index Preliminary 794.8 0.4 2.1 0.1 0.8 0.4 08 EAFE Prelitranary 730.7 0.2 42 -0.1 13 02 12 Europe Preliminary 992.94,825 words
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Page 26 Advertisements
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Advertisement851 2004-09-09 26 I I IMPORT ~l II NORTH AMERICA I! [I AUSTRALIA/NEW ZEALAND ||SUPER SHUTTLE EXPRESS (SSW 1 I HSU 1 S I lAUBTRALIA AStA EXPRESS (AAX) II LOS ANGIIiS EXPRESS 07W34 26/0# 13/09 14/00 VOY UK SYP Mil AM. FRE "57" WG IKO NEDUOYD SOUTHAMPTON 44W35 01/09 19/09 21/09 APIKXKO 26N851 words
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Advertisement697 2004-09-09 26 IiNTMASU KOtQ MtVICI vissa/vor Mwron hbghhmi mc «n m I aw I jw 1 SIUfTS VfKTUIE /I 0 IS 3.2 07/W H/W I STUITS VENIUK /I I IS 3J It/W 22/ M 27/ M 30/W 02/10 \sm*xmni I is 12 I 07/10 ip/io wo WIST ASIA/HNQAL KOtQ SYS l-^ l/VOT697 words
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Page 27 Advertisements
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Advertisement781 2004-09-09 27 Also accspt hrtra-Asia Caryoes to: For Schedules, BL Searches, ond Container Tracking, visit on our Home Page: WWW.moUin^Qghl^^ Weekly Containerised Service To: South America East Coast West Coast and Mexico I wr_H_ II CI Atlrirmlrtm iWfc—l vi^rtTTiß E5 y»t rSr 1 5 Ss: B5 ID/W Pyttfr* —jjsS wiF ~M/in~ CmLobos781 words
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Advertisement1173 2004-09-09 27 5? ISF 52 voy GQLDB) GATE 42HL _LllZ2_ 11/9 12/9 «EW DYNAMIC 069 A 18/9 mmjm m. julixljul— SJS m j/flHERTFORD 009N 71/9 22/9 24/9 HEW DYNAMIC 070 A 30/9 2/10 •CdhlHC-MSliWi *VSt coin; both Haiti West pott VESSEL VOY KG SIN HKGISHA UP HSK Ea|Wr SIN JCT CMACGMYBtNET 19E1,173 words
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Advertisement909 2004-09-09 27 m s<3as& WEEKLY EXPRESS SAIUNG SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICD POINTS VKSB VOY SW MUM* COLOMRO It SHEVA COLOMBO tifSTUmniD&t 007TW 04Sff QUg_ HSff -USB UJB. HOIAPBWIIA WWW I3sg 15SEP It SEP 21 SEP 24SEP INDIIA GANDHI OOttW 20 Sg gig Ziiß 2tig- tl W lAJIYGAWDHI909 words
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Page 28 Advertisements
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Advertisement994 2004-09-09 28 U|fij|f WALLENIUS WILHELMSEN website: http://www.2wfllobal.com IK MAO HOW MIA SAY Mi ORE MT( MIW MOI VtHHI AG4OI 1201 mm 5.75 M I 15/09 13/10 TARAGO AF4IS 320T0«s IMM I 21/09 21/10 2S/10 29/10 02/11 01/11 04/11 25/10 TEXAS A 1419 420T—i 6.4 M 02/10 24/10 03/11 10/11 11/11 15/11 13/11994 words
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Advertisement796 2004-09-09 28 vtssa vfi! m m -ffisa xoi ai *l— PAC iamoa !rm SiZfi! w/w pmmu 411] M/JS MM— CSf 2301 0028? fiS/8 LLZfi!— S24i MZB 12ZM— P>C lAMOA mw 10/0? 10/09 MMIIiTi 1 Ull lliOS HflH PAC lAMOA urn n/W nWT~ _PKMU 4132 13/09 __17/0?_ fAC iamda uu* 12/2S 13/w gag796 words
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Advertisement445 2004-09-09 28 BSA x r MYANMA nH five star line (Mywmor Nationol Um) Loadiig for Yang or Vissa VOY SIN PKI PfN PGU PAGAN MJW SID HPA-AN 320W SID SU> IN MALAYSIA: BOUSTUD SHIPPING AGENCIES KUL 03-*****300 PKI: 03-*****101 PIN: 04-*****02 ufammm JKKtk ACCEPTING CONVEWTIOiAL C6O HKG SM HKG SIN PGU PU445 words
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THE BUSINESS TIMES SHIPPING TIMES
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4573 2004-09-09 29 s J J,,,*.., TiUffiniUff- g|fjr^--^'-''^^ <^"-a T MmMa v o«t n A tsr s as: T £ftr s? "sr v z? m T rr s: a* ss jar T rr u, A elas m T 22Sr a t-s- ir TO ABIDJAN (AMI 2003 24,573 words
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BizIT
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Article, Illustration837 2004-09-09 30 RAJU CHELLAM - With leading Taiwan firm's entry, Republic is now host to four of the top 10 global fabless companies. RAJU CHELLAM reports RAJU CHELLAM TAIWAN'S top chip design firm, MediaTek Inc. will invest $50 million over the next five years to set up an R&D837 words
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457 2004-09-09 30 RAJU CHELLAM - China-based SMIC makes it Big Four at the top: IC Insights By RAJU CHELLAM SINGAPORE'S Chartered Semiconductor Manufacturing held on to its third spot in the global pure-play foundry ranking by annual revenues. Its share of the global market however edged up457 words
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Article278 2004-09-09 30 RAJU CHELLAM - By RAJU CHELLAM IN THE fabulous world of semiconductor chips, some IC (integrated circuit) plants are called "fabs" and some others are "fabless". Here's what they mean: Fabs: In semicon manufacturing, wafer fabrication usually refers to the front-end process of making devices and ICs (integrated circuits) in the278 words
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Article, Illustration215 2004-09-09 30 AP [TOKYO] Sony Corp has developed a computer chip that allows viewers to zoom in on any part of a TV image, such as a favourite soccer player or an intruder on security-camera footage, while keeping the image sharp. In a demonstration yesterday, theAP - 215 words
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175 2004-09-09 30 Bloomberg [BUSAN, South Korea] International Business Machines Corp, the world's largest computer maker, said slowing economic growth in China has yet to crimp spending by telecommunications companies. Phone companies are still spending on computer equipment and consulting services as they develop new productsBloomberg - 175 words
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Article, Illustration254 2004-09-09 30 AMIT ROY CHOUDHURY - By AMIT ROY CHOUDHURY SAMSUNG Electronics has unveiled the world's first mobile phone with a hard drive at the ITU Telecom Asia 2004 event in Busan, South Korea. The CDMA phone, SPH-V5400, comes with a 1.5G8, 1-inch hard drive and a megapixel camera.254 words
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PROPERTY
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Article, Illustration502 2004-09-09 31 ANDREA TAN - Deal was done at $700-750 psf; third major deal in a month By ANDREA TAN THREE floors at John Hancock Tower have been sold for $21-22 million, or $700-750 per square foot of net floor area. This is the third major office dealFILE PHOTO - 502 words
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Article, Illustration415 2004-09-09 31 ANDREA TAN - By ANDREA TAN DRAB or plain rooftops of commercial buildings and hotels could give way to food and beverage outlets as the Urban Redevelopment Authority relaxes its guidelines on roofs. URA said it loosened the guidelines to encourage more innovative and better design ofFILE PHOTO - 415 words
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1104 2004-09-09 31 Brought to you by PROJECT NAMB PROP CONTRACT TENURE BUILf-IN/lAND PRICE PSF STRffTNAME TYPE DATE AREA*(SQFT) (SJ'OOO) (SS) Districts NON-IANDED Icon Apt 21/06/2004 99 1119 742 663 District 03 NOW-LANDED Meraprime Apt 05/07/2004 99 1119 626 559 Meraprime Apt 1S/05/2004 991,104 words
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Page 31 Advertisements
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Advertisement123 2004-09-09 31 Got the right home? Now get the right home loan. Buying a house in Singapore is a heavy investment. However, you can still have the freedom to live life the way you want, with HSBC home loans. Enjoy these benefits when you take up an HSBC home loan: Competitive interest123 words
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Advertisement54 2004-09-09 31 Property Investment Business Opportunity One of New Zealand's largest development and investment companies is looking for motivated people who are interested in helping Singaporeans enter New Zealand's profitable investment industry. Substantial training and hands-on support provided. Free information evening at the Royal Ptaza on Scotts, 13th September, 7pm Please email54 words
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MADE IN SINGAPORE
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Article, Illustration905 2004-09-09 32 NANDE KHIN - Cost is not an issue with MBE Technology which has wholly manufactured in S'pore since 1983. What's important is the knowledge that S'pore offers, its MD tells NANDE KHIN NANDE KHIN Businesses as a rule want to be where their customers are. So, it may seemCHRIS LOH - 905 words
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Article, Illustration613 2004-09-09 32 JESSICA CHEAM - By JESSICA CHEAM FOR many, it seems like the manufacturing sector in Singapore is starting to be labelled a sunset industry. Countless manufacturing facilities which flocked to China to cut costs have left manufacturing ghost towns in industrial estates not only in Singapore, but in many otherLIANHE ZAOBAO - 613 words
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Page 32 Advertisements
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Advertisement245 2004-09-09 32 I m manufacturm g skills J7Bomillion in value-added per and we cannot turing experience and '.hat gives us communication is important fext three'yea°4 lr lr overlook that.' C ImK h Jgh-value manufacturing equipment countries to trust us. But now they do tron's metamorphosis into a middle- II HII II Z£Z245 words
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Advertisement143 2004-09-09 32 SINGAPORE has developed a strong foundation for the electronics and precision engineering industries over the last 40 years. Today, they remain the key contributors to Singapore's economic growth. Singapore is home to 12 wafer fabrication plants, many integrated circuit (IC) design centres, and 18 IC assembly and test facilities. Last143 words
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