The Business Times, 15 September 2004

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Total Pages: 36
1 36 The Business Times
  • 13 1 THE BUSINESS TIMES SlNGA?>dKMstente online at http://business-times.asial.com.sg MITA (P) 023/03/2004 Wednesday, September 15,2004
    13 words
  • 537 1  -  BT Exclusive Move seen as a bid to keep staff amid a recovering financial sector By VINCE CHONG [SINGAPORE] Singapore's central bank has given mid-year pay rises for the first time in two to three years as private sector prospects threaten to trigger
    537 words
  • 133 1 STI 1,994.13 (+8.34) ST INDEX FUTURES 2,000.00 (+17.00) SIMSCI 240.92 (+1.37) SIMSCI FUTURES 241.70 (+2.20) MARKETS Tuesday Change KLSECOMP 856.71 -0.54 NIKKEI 225 11,295.58 +42.47 HANG SENG 13.148.06 +8.49 SET INDEX 651.89 +1.96 JAKARTA COMP 809.01 +11.24 TAIPEI WPI 5,919.77 -8.45 AUSTALLORD 3,630.20 +14.70 BOMBAY IND 5,428.77 +31.14
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  • 33 1 TOP STORIES ...PG 2-3 COMPANIES... PG 4 8 SINGAPORE PG 9 ECONOMY PG 10 FOREIGN PG11 15 AVIATION PG 16 EDITORIAL PG 18 MOTORING PG 22 SHIPPING ....PG 29-33 MONEY PG 34-36
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  • 616 1  -  BT Exclusive By RONNIE LIM [SINGAPORE] Oil traders are riding a boom, with top guns raking in more than US$l million a year as record prices in a topsyturvy market make them worth their weight in gold. Base salaries can be US$3OO,OOO-350,000
    616 words
  • Page 1 Advertisements
    • 89 1 adv SONY GETS MGM Ifentative USs4.Bb deal puts it on top pg 2 PLAY THE MARKETS AND 1 WlNtt Ray Barros, a trading coach k who conducts trading seminars in Australia and mt' ML*,. Singapore, tells how. w m Mn i Bu^se r I yM II Temasek's offer for NOL
      89 words
    • 96 1 PRICE WAR WARNING No-frills airlines will be hurt: -ts Rvanair CEO Michael O'Learv PGI6 Your Flexible Partner in Overseas Property Finance Whether you need to secure financing or re-financing for a residential property in Great Britain, USA, Canada, Australia or New Zealand, Lloyds TSB's MULTI-CURRENCY, MULTI-COUNTRY and MULTI-PURPOSE LOAN FACILITIES
      96 words

  • TOP STORIES
    • 540 2 Tentative deal ends month-long auction as Time Warner withdraws bid NYT [NEW YORK] A consortium led by the Sony Corp of America reached a tentative agreement on Monday to buy the Hollywood studio M etr o-Gold wyn-Mayer (MGM) for about US$4.B
      NYT  -  540 words
    • 686 2  -  HOCK LOCK SIEW By WONG WEI KONG LATER today, the outcome of Temasek Holdings' bid for Neptune Orient Lines (NOL) would be made known. And it could provide the answer to a question that has puzzled the market for over a month: just
      686 words
    • 383 2 LATEST US DATA [WASHINGTON] US retail sales dipped in August and the US gap with its international trade partners widened to a record level in the second quarter of the year, government reports released yesterday showed. The Commerce Department said
      383 words
    • 696 2 Temasek buys more NOL shares with eye on 50% mark T E M*ftßKycst<»rd ayfcwraght 3 7 million more Neptune Orient Lines shares for about $106 million, putting it just under four percentage points away from making its general offer unconditional. Its spokesman said it aims to "reach the
      696 words
    • 611 3  -  Sources say the issue is caught up in a tussle between trade ministry and local businesses By SHOEB KAGDA in Jakarta INDONESIA'S Parliament is likely to postpone a decision on whether to make the entire island of Batam a free trade area. According
      611 words
    • 294 3 US talk-show queen gives away 256 sedans in promo deal with car-maker Bloomberg [CHICAGO] Oprah Winfrey gave each of the 276 people in her talk show's audience a car as part of a deal to promote a new model from General Motors Corp's Pontiac. All
      Bloomberg; REUTERS  -  294 words
  • Page 2 Advertisements
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      87 words

  • Page 3 Advertisements
    • 118 3 Whatever you need to move, DHL is your logistics partner For import and export seamless covers every link in the chain. Whether it's documents, parcels, or ocean freight, DHL is the one-stop shop for all your logistics needs. We pick up your shipment, get it smoothly through customs and straight
      118 words

  • COMPANY NEWS
    • 596 4  -  $106m purchase puts firm within 4% of making its offer unconditional By JOYCE KOH AHEAD of the expiry of its $2.8 billion takeover bid for Neptune Orient Lines this afternoon, Temasek Holdings yesterday revealed it is just less than 4 per cent away from
      596 words
    • 476 4  -  SINGTEL-SCV SUIT By TANG WENG FAI THE second day of the Sing-Tel-StarHub Cable Vision (SCV) court hearing began yesterday with SingTel's president and CEO taking the stand to defend the lease rates charged to StarHub for it to provide cable TV as well as
      FILE PHOTO  -  476 words
    • COMPANY BRIEFS
      • 62 4 ROLY International's Q1 net profit fell from US$B million to US$l.O6 million. It said the decrease was due chiefly to no exceptional gain this time round as compared with a gain of about US$6.5 million in the previous Ql. Turnover for the
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      • 153 4 LOSS-MAKING Reed Group Holdings wants to raise about $7 million through a renounceable rights issue of one rights share for every two existing shares to fund the $3.6 million cash portion of a proposed $11.6 million acquisition of FRD
        153 words
      • 42 4 EUROPTRONIC Group posted an 18.4 per cent increase in net earnings for the three months ended June 30 to $2.64 million. Net profit for the first half increased 15.5 per cent to $5.2 million.
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      • 72 4 SINOMEM Technology has bagged a $10 million contract from CSPC Zhongrun Pharmaceutical Co Ltd. a subsidiary of China Pharmaceutical Group, which is listed on the Hong Kong Stock Exchange. Sinomem will supply customised and fully-automated membrane-based separation and purification solutions using its
        72 words
      • 89 4 CEREBOS Pacific said it will sell four of its pre-packaged food brands in Australia for A$ 1.2 million (Ssl .44 million) in cash, a price incorporating goodwill and intellectual property rights. The buyer, Riviana Foods of Australia, will also buy the
        89 words
    • 691 5  -  Move to cut costs could hit IT, administrative and finance functions By VEN SREENIVASAN SINGAPORE Airlines is outsourcing several non-core functions in a bid to cut costs. But the measures have also raised the possibility of staff redundancies in the departments and
      AFP  -  691 words
    • 624 5  -  By VEN SREENIVASAN AFTER weeks of speculation, listed aerospace component supplier A-Sonic Aerospace yesterday announced a tie-up up with one of China's leading state-owned travel companies and a consumer credit firm to start a China-based low-cost carrier (LCC). A-Sonic subsidiary Janco International will
      624 words
    • 454 6  -  It paid $160.9m for mall owned by OCBC, GE and Robinson By KALPANA RASHIWALA THE Asian Retail Mall Fund has bagged Whitesands Shopping Mall in Pasir Ris for $160.89 million from OCBC, Great Eastern, and Robinson. The price, the highest of five bids received
      454 words
    • 480 6  -  It is 7th firm this year to launch IPO at minimum price By KENNETH LIM ADVANCED Holdings, a process equipment specialist, has launched its initial public offering of 20 million new shares at 20 cents apiece, the seventh company this year to price its invitation
      480 words
    • 362 6  -  By. JEAN CHUA LIFEBRANDZ, known for its Extrim slimming pills and Intenz skin supplement tablets, plans to break into the Asian skincare market in a big way by introducing several new products over the next few months. The branding and marketing
      FILE PHOTO  -  362 words
    • 481 7  -  Listed in March, China firm posts its first interim loss of 9.4m yuan By KENNETH LIM APPLE juicer New Lakeside Holdings squeezed nothing but red all 9.4 million yuan (S$ 1.9 million) of it in its first interim results since listing in March, and
      481 words
    • 404 7  -  By TAILA KRISHNAKUMAR FOR some youngsters, reading a financial planning article or thinking about money management on a long-term basis may not be a task on their immediate radar screen. But insurer Great Eastern is offering a fun way to think
      404 words
    • 372 7  -  Joint stock company being set up with 200b yuan share capital By JEAN CHUA CHINA Construction Bank's founding members will hold a meeting today to create a joint stock company with share capital close to 200 billion yuan (5541.4 billion).
      BLOOMBERG  -  372 words
  • Page 4 Advertisements
    • 184 4 Licensing2oo4 The 6th International Event for Business Opportunities Intellectual Property Rights 15-17 Sept 2004 Suntec Singapore Hall 401 Opening Hours: 10.30am-6.30pm (Daily) The Meeting Point For international Proven Concepts m m mm mm JML hakoy am'es Jr \-P\ B Jeep Act* HH ar *i>wi SAMT* MMMMA t*CMT CtUt kn 1
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    • 270 4 Global Business I Process Outsourcing 2004 VjV INSIGHTS INTO INDIA September 29 30 2004, Grand Hyatt Singapore Your Most Important BPO Decision Make informed BPO decisions based on the latest and most dependable information. Find all these and more at the Global BPO Conference 2004. Ip 5 Hear from industry
      270 words

  • Page 5 Advertisements
    • 374 5 Advanced Holdings specialises in the design and supply of Process Equipment to global customers in the oil and gas, chemical and petrochemical, power generation and micro-electronics industries. ADVANCED the February 2004) INVITATION IN RESPECT OF jfi new Jljj^ppi Offer Shares for each Offer Share by way jMHHBH^V 19,000,000 Placement Shares
      374 words

  • Page 6 Advertisements
    • 3126 6 To advertise call toll-free 1800 289 8822/&ii^l^^CTgB^ cog»^ IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF EMGEE REALTY PTE LTD (In Members' Voluntary liquidation) NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the Company held at 80 Raffles Place DOB Plaza 1 #04-00
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    • 12 6 To advertise your Notices Call toll-free 1800 289 8822 or email notices@sph.com.sg
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    • 357 6 UNITED OVERSEAS BANK LIMITED (Incorporated in Singapore) LOST SHARE CERTIFICATES The undermentioned certificates have been reported lost, destroyed or mistaid:Namt Cftfflcate No. No, gj HWW Urn Bak Kim Chua Keng Hiong *****18-8 375 do *****02-1 75 do *****34-5 22 NOTICE IS HEREBY GIVEN that new share certificates will be issued
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  • Page 7 Advertisements
    • 32 7 mi Dependability-one of the many reasons why premier financial institutions use 002. The premier tDD service by Ktt (0Q2 For office, home and mobile lines. V For Corporate enquiries, please call 1622.
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  • SINGAPORE MARKETS
    • 855 8  -  CURRENCIES Downside risks loom large, partly due to the Fed's gloomy currency outlook LARRY WEE Senior Correspondent THE US dollar has not survived the past fortnight's blows too well and, while not exactly punch-drunk, it's fair to say that downside risks loom larger
      855 words
    • 373 8  -  Compiled by KENNETH LIM SEMBCORP Industries (SCI) has with China's largest state-owned new joist-venture company. SCl's Investment (SEI), will hold the oth--60 per cent of Shanghai's waste tential earnings and sales, it is difficult at this point to gauge the impact on group earnings. However, envicoutributing just 3.5 per
      373 words
    • Article, Illustration
      423 8 OTHER SINGAPORE INDICES Sep 14 VALUE CLOSE BT OB/OS 391.00 -80.00 BT CADI -*****.00 -52.00 BT 10-day MA -*****.00 +39.00 All-SG Equities 519.94 +2.03 SG Equities Elect 161.25 +0.14 SG Equities Fin 1645.90 +16.63 SG Equities Prop 484.77 +1.75 SIMSCI 240.92 +1.37 SiMSCI Futures 241.70 +2.20 MOST ACTIVE STOCKS VOLUME
      423 words
    • 419 8  -  STOCKS R SIVANITHY Senior Correspondent THE first time the Straits Times Index (STI) or the Industrials Index as it was known then crossed the 2,000 mark was 11 years ago in August 1993. At that time interest rates were around 5 per cent and the
      419 words
    • TRADES TO WATCH
      • 129 8 STAMFORD Tyres chief financial officer Conson Sia pared his direct shareholdings by about 42 per cent on Monday even as Lim Tan Securities bought 2.7 million shares on the open market the same day. Mr Sia, who is also a director on several subsidiaries of
        129 words
      • 131 8 WESTCOMB Financial Group's Hong Kong parent, E2-Capital, has halved its stake as the first of an eventually complete divestment as part of a settlement of a legal suit. Investment vehicle Goodwill Investment, through which E2-Capital is deemed to have interests in Westcomb, sold 16.4 million
        131 words
      • 88 8  -  Compiled by KENNETH LIM ASJ Holdings non-executive chairman Chia Soon Loi's deemed shareholdings iri the electrical resistors supplier rose again on Monday following open-market purchases by an HSBC nominee account. The account bought 413,000 shares at about 49.6 cents apiece, raising Mr Chia's shareholding to
        88 words
    • 344 8  -  CHART POINT By K AJITH OCBC Investment Research SINCE early May, the Straits Times Index (STI) has been trending higher, forming a series of higher highs and lower lows. Though market breadth and volume have lagged behind prior rallies, there is no
      Source: Bloomberg  -  344 words

  • SINGAPORE NEWS
    • 451 9  -  Most of its 38 tech staff join HP,IDA on Sept 1 as part of 3-year deal By AMIT ROY CHOUDHURY THE Ministry of Manpower has taken the unprecedented step of outsourcing its entire IT applications, hardware, software and services^ The three-year partnership with Hewlett
      451 words
    • 254 9  -  By VEN SREENIVASAN HOW low can you go? It looks like the sky or should that be the floor? is the limit for budget airlines. Just when you thought tickets couldn't get any cheaper than 49 cents, Thai Air Asia
      254 words
    • SINGAPORE ROUNDUP
      • 120 9 The Agri-Food Veterinary Authority (AVA) said yesterday it will consider lifting the suspension on poultry imports from Johor and Malacca. This is provided that it is satisfied that the two Malaysian states are free from bird flu and there are effective disease prevention and
        120 words
      • 85 9 SINGAPORE and Kuwait will sign a memorandum of understanding (MOU) on E-Government Cooperation today. The MOU will be signed by the visiting Kuwaiti Minister of Communications, Planning and Administrative Development, Sheikh Ahmed Al-Abdullah Al-Ahmed Al-Sabah, and Singapore's Minister of Information, Communications and the
        85 words
    • 377 9  -  By CHUANG PECK MING UPBEAT market sentiment hasn't resulted in many more executive jobs. A national index that tracks demand for executives fell from 185 in July to 142 last month a drop of 23 per cent. Although the index, compiled by regional human resource
      Source: EL Consult  -  377 words
  • Page 9 Advertisements
    • 298 9 3 Ministry Of Finance jj The Ministry of Finance is introducing Public Private Partnerships (PPP) to encourage long-term partnerships between government agencies and the private sector in delivering services. PPP brings together the expertise, resources and innovative capacities of both the public and private sectors to meet the needs of
      298 words

  • ECONOMY WATCH
    • 465 10  -  Thailand losing momentum in its trade negotiations, says Thai official By CHUANG PECK MING THAILAND, the Asian country most aggressive in seeking free trade deals after Singapore, is likely to miss the deadlines for its free trade talks with many nations, including the United
      465 words
    • 510 10 AFP (SHANGHAI] China's latest series of economic data paints a mixed picture, with growth continuing apace but other key indicators pointing to a slight slowdown that could delay a decision on interest rates, analysts said yesterday. August retail sales and fixed-asset investment figures
      AFP; AP  -  510 words
    • 374 10 AFP [VIENNA] Saudi Arabia yesterday said that the Organisation of Petroleum Exporting Countries (Opec) opposed a US$4O price tag on oil but admitted there was little the 11-member cartel could do to reduce the price as other players are involved. "The fundamentals do
      AFP  -  374 words
    • 172 10 AFP [MOSCOW] The Russian government's assault on oil giant Yukos is a source of concern that could impact foreign investment in the country, a senior IMF official said here yesterday. "Foreign investors are concerned by what is happening to Yukos and
      AFP  -  172 words
  • Page 10 Advertisements
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  • MALAYSIA COMPANIES
    • 597 11 Bloomberg, Bernama Bloomberg, [KUALA LUMPUR] Genting Bhd is increasing its bond sale by a fifth to US$3OO million, the second Malaysian company this week to take advantage of strong demand from investors. On Monday, telecommunications company Telekom Malaysia Bhd raised US$5OO million from the
      Bloomberg, Bernama; Bloomberg,  -  597 words
    • 521 11 Direct trading by foreign clients will affect those reliant on inter-broking THE Malaysian government's proposal to allow up to five foreign stockbroking companies to operate in the country is likely to put pressure on local players, especially those reliant on interbroking business, says a report
      521 words
  • Page 11 Advertisements
    • 18 11 Lianhe Zaobao I ajg I *%.*M&shns&. I I "^Rfii&" m 1 I J!?f I K Wft fltajfflji mm
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      114 words

  • MALAYSIA/INDONESIA
    • 4 12
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    • 322 12 Graft, red tape rife in energy sector, keeping foreign investors away AFP [JAKARTA] Even with a new state oil chief engaged in a major anti-corruption drive and more oilfields poised to come on line, Indonesia's energy problems will not improve unless the government radically
      AFP; REUTERS  -  322 words
    • 300 12 I (KUALA LUMPUR] Malaysian banks ware unlikely to have any major benefit the new tax treatment announced for non-performing loans QSEPLs) last week. THE reclassification and new tax treatment on interest-in-suspense (IIS) extended in the Malaysian Bud- $Bt 2005 will not lift banks'
      300 words
  • Page 12 Advertisements
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    • 11 12 ,y'..v < M%vI I II HI SIM ss I I 11 s
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    • 106 12 EftSSf JKSBVSS ESS ravourtte Mlosolm I iHti. Moo Hibui, JW°* torn Soup, BKn Crab In YWlow Cun% IraiMd Pork Log and our ovor ■ommnUuua Ho—tad —11 only $16JO»»+ Coleman's Athn Lunoh MM com— with frao flow of 100 Lomon Tm Monday to Friday 12.00pm to 2^opm Maks your rssorvstions at
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    • 202 12 ~1 MERITU& MANDARIN SINGAPORE Festival Mexicano 10-15 Sept 2004 Presented by 'Achai', an amazing 26-member music and dance troupe as well as Guest Chef Gabriela Jones. The Neptune Showtime 12.45pm to 1.15pm Tapas Set Menu $15 A-la-carte menu is available. Reservations: 6224 3203 ACT 1 (35th Floor, Grand Tower) Showtime
      202 words

  • GREATER CHINA
    • 459 13  -  Business leaders cite talent, market size, skilled labour By RAJU CHELLAM (SINGAPORE China has overtaken the US as the most favoured R&D destination for technology innovation, according to a global poll of 104 senior executives by the Economist Intelligence Unit (FIU). Business
      459 words
    • 558 13  -  HONG KONG INSIGHT Contrary to media analysis, the vote went to the pro-democracy camp JEAN CHUA Reporter MUCH has been made about the "disappointing" performance of the pro-democracy camp in the Hong Kong Legislative Council Of the 60 seats up for grabs, the pro-Beijing China
      558 words
  • Page 13 Advertisements
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    • 308 13 Upgrade Your Travel with THAI at Exceptional Savings 4m jJP <■=. _-r- W&UKBKM:'' MW Upgraded travel with THAI is once again smoother than silk with exceptional savings. Travel in comfort in Royal Executive Class, or in the luxury of Royal First Class, with discounted paid upgrades. Exclusively for Royal Orchid
      308 words

  • INDIA
    • 447 14 Govt aims at M&As in state-run banks to boost global competitive clout Bloomberg [NEW DELHI] India's government says it will encourage state-run banks to merge to create a "small number of large lenders" that are capable of competing on a global scale.
      Bloomberg  -  447 words
    • 379 14 Bloomberg (NFW DELHI] A proposal by India's central bank to lower foreign shareholding limits in private lenders may hinder mergers and acquisitions, hurting banks' plans to raise capital and expand, a banking industry survey said. The Reserve Bank of India has proposed
      Bloomberg  -  379 words
    • 474 14 Reuters [BANGALORE] India's software exports are on track to grow by 30 per cent in the current fiscal year ending March 31, despite attempts in the key US market to discourage outsourcing and protect jobs, the industry's head said on Monday. India's information
      Reuters; REUTERS  -  474 words
  • Page 14 Advertisements
    • 344 14 DISTINGUISHED TECHNOPRENEURS FORUM Incorporating Forum on Silicon Valley Asia Links 4D cppAK FRC• Dr Hong CHEN Mr Yong Ying LOO Founder Chairman Co-founder Dr Christopher CHIA The Hina Croup Aromatrix Technologies Pte Ltd Founder Chairman (Keynote speaker) GRIC Communications Inc Keith STEPHENSON Chief Executive Officer Mrn TAM Partner Mr Henn
      344 words

  • ASIA-PACIFIC/WORLD
    • 421 15 Bank breached securities and exchange rules, say regulators Bloomberg, Reuters [TOKYO] Citigroup Inc may face penalties in Japan after regulators said the bank breached securities and exchange rules. The world's largest financial services company's Citibank NA unit in Tokyo made the purchase of
      Bloomberg,; Reuters  -  421 words
    • 90 15 AP [BANGKOK] prime minister new international airport to who have fallen behind schedule with the project, his spokesman said yesterday. Several Cabinet members will join Prime Minister Thaksin Shinawatra for his Sept 2f overnight camping trip at the Suvarnabhumi airport site, government spokesman Jakrapob Penkair said.
      AP  -  90 words
    • 180 15 [SACRAMENTO, California] Calpers, the biggest US pension fund, on Monday gave its staff the authority to fire external fund managers for poor performance. It said it would no longer place under-per-formers on a controversial "watch list". According to its officials, the watch list policy
      180 words
    • 367 15 Reuters [LONDON] World oil prices rose yesterday as Hurricane Ivan charged towards the oil-rich Gulf of Mexico, where energy companies had evacuated thousands of offshore workers and shut some production. Prices were also underpinned by another sabotage attack on a pipeline in northern Iraq
      Reuters; AFP  -  367 words
  • Page 15 Advertisements
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  • AVIATION
    • 579 16 He says continuing price wars could see fares fall 20% by year-end [LONDON] Low-cost airlines warned on Monday that the industry is heading for an "awful" winter and new year which will, however, delight consumers. Ryanair says fares have dropped by some 5 per cent
      AFP FILE PHOTO  -  579 words
    • 116 16 Xinhua [HONG KONG] A record high number of 3.5 million passengers used Hong Kong International Airport in August, up 16.3 per cent on the same month last year, according to a local government report. The Hong Kong Airport Authority said that in
      Xinhua  -  116 words
    • 340 16 Bloomberg [MILAN] Alitalia, Italy's largest airline, is close to reaching an agreement with pilots to increase work hours and reduce pay ahead of today's deadline set by chief executive Giancarlo Cimoli, union officials said. After talking through the night, pilots' union representatives and management are
      Bloomberg  -  340 words
    • 240 16 Bloomberg [NEW YORK] Jetßlue Airways Corp chief executive officer David Neeleman said the low-fare carrier is not yet ready to take over routes from US Airways Group Inc, which has filed for bankruptcy protection for the second time since 2002. Right now,
      Bloomberg  -  240 words
    • 563 16 Reuters [ALEXANDRIA, Virginia] US Airways Group Inc told a bankruptcy court on Monday it would skip a US$llO million pension payment due today as it looks to slash costs and avoid liquidation after filing for protection from its creditors over the weekend.
      Reuters  -  563 words
    • 390 16 AIRLINE CODES: AA: American Airlines (AAL), AF Air France (AFR), AI: Air India (AK), AY Finnair Oy (FIN), AZ: Alitalia Airlines (AZA),BA: British Airways Public Ltd Co (BAW), BG Biman Bangladesh Airlines (BBC), BI: Royal Brunei Airlines Sdn Bhd (RBA), BO Bouraq Airlines (BOU), BR EVA
      390 words
    • 166 16 Reuters [SYDNEY] Australia's Sydney Airport said on Monday it has completed the refinancing of its A 52.5 billion (552.9 billion) in senior bank debt facilities and established A 5655 million of increased facilities. The increased facilities would be used for capital expenditure and general working
      Reuters  -  166 words
  • Page 16 Advertisements
    • 209 16 m shrT /^b w Tlw illiterate of the 21st century ftwill not be those cannot read write, but those wno*cannot learn, unlearn and re-learn." AMn Toffler, Visionary and best-selling author of Future Shock Master of Applied Finance What is covered? The main areas of modern applied finance corporate finance, financial
      209 words

  • SHIPPING
    • 581 17  -  Abolition of terminal handling charges key issue, says new body By GEORGE JOSEPH [SINGAPORE] Veteran Singapore shipper John Lu will head the new Asian Shippers' Council (ASC) that will unify the voices of several national groups in the region in advocating an
      581 words
    • 225 17 Reuters [JAKARTA} An oil tanker hit a reef near the Indonesian oil terminal of Cilacap last week, causing a partial spillage of the vessel's 600,000 barrels of crude, a source at Indonesia's state oil firm Pertamina said yesterday. A second shipping source estimated that 6,800
      Reuters  -  225 words
    • 291 17 SGX 000 Sap 14 SS W- Vol CH Offshore AM -0-01 495 Oman Hup .0.58 unch 1517 Coko Investment .0 J7 -0.01 3650 CWT Distribution ...049 unch 0 Em Hldgs 1.09 0.05 813 Freight Links 0 10 unch 14 Grand Banks Yad* 0.80 -001 27 Jaya Holdings .0.92
      291 words
    • 388 17 AFP [SINGAPORE] The armed forces of Australia, Britain, Malaysia, New Zealand and Singapore staged an antiterror drill in the South China Sea on Friday to prepare for potential threats in the region's busy waters. Joint teams from the Five Power Defence Arrangements (FPDA) member countries
      AFP  -  388 words
    • 605 17  -  Legal curbs at Bangla port may force them to halt services By DONALD URQUHART [SINGAPORE] Singaporebased container feeder lines are "very close" to halting services to the main Bangladesh port of Chittagong after nationalist-senti-ments have again forced severe restrictions on foreign-flagged container vessels. Any
      605 words
    • 649 17  -  STRAIT TALK By DAVID HUGHES A book that was published in the US in May this year on the shipping industry has been quite a hit with American reviewers. The Outlaw Sea, by William Langewiesche, has received rave write-ups from The New York Times
      649 words
    • 99 17 Reuters [HONG KONG] China-back-ed Cosco International Holdings Ltd said yesterday it was in preliminary talks to acquire ship trading and services businesses. "(We) are currently engaged in preliminary discussions with connected persons and independent third parties, concerning the possible acquisition and cooperation of businesses in
      Reuters  -  99 words
  • Page 17 Advertisements
    • 92 17 NOTICE TO TRADE SINGAPORE/PORT KLANG TO CHENNAI AND V V WITHDRAWAL OF CHENNAI PORT IMMEDIATE COHGESTION SURCHARGE Feeder operators wish to inform the trade that with the current improvement at Chennai port, they have decided to withdraw the Chennai Port Immediate Congestion Surcharge (ICS) of US$l5.OO/TEU Laden and US$7.5O/TEU Empty
      92 words

  • EDITORIAL & OPINION
    • 493 18 EDITORIAL RECENT market developments underline the uncertainty that continues to bedevil the bellwether chip industry. Over the past week, positive projections from major players like Nokia Oyj and Corning Inc helped propel semi-conductor-related stocks in the US and Europe, with counters across the region and here
      493 words
    • 1053 18  -  Americans today are spending more on intangibles and upending some economic principles By VIRGINIA POSTREL NYT LISTEN to the jobs debate carefully, and you might get the idea that the problem with the economy is that Americans just are not materialistic enough. Americans spend too much of our
      NYT; AFP  -  1,053 words
    • 748 18  -  THE BOTTOM LINE LEON HADAR Washington Correspondent EVEN if the United States saved billions by withdrawing all its troops from Iraq and Afghanistan, the White House and Congress will continue to face the prospect of high federal budget deficits, says
      748 words
    • 1631 19  -  In a book to be published this week, former United States deputy secretary of state STROBE TALBOTT tells how former US president Bill Clinton's personal diplomacy averted a possible nuclear war in South Asia. The conflict began in May 1999, when Pakistani commandos infiltrated the Indian part
      AP  -  1,631 words
    • 908 19  -  MATTHEW LYNN ly run anything. Bloomberg THE Master of Business Administration degree has long been regarded as the gold standard of business education. Generations of students have sat through hours of lectures on corporate finance and competitive theory, secure in the knowledge that
      ly run anything. — Bloomberg  -  908 words

  • Page 19 Advertisements
    • 73 19 PRACTICAL APPLICATION OFNLPin management September 21 22,2004 at M-Hotel, Anson Road, Singapore VISHWA Leading NLP Gum of Asia Certified Management Consultant, CMC, USA Trained over 5000 corporate executives,2ooo students,4so teachers and over 1000 senior and junior management professionals I I Pp HlwNii, iWWMp fflPff fWIBMfr f' 1 Wfa riyinhjf Offii
      73 words
  • Page 19 Miscellaneous
    • 219 19 CRYPTIC CROSSWORD peering quick-witted (6) flf IIT IS If jBE l|[ lar esteem (4) I I I I j The sure to drink, makes a spectacular j L—l—_L—L__ bloomer(3,4) IH|| Plea dealer when JIH" noon (4) RH——^1 25 Endeavour to 26 Not now working in the the- 27 A youngster
      219 words

  • 3703 20 STRAITS TIMES INDEX STOCKS Stock name Wt Oom Change Stock mm Wt Owi Change Allgreen SOc 0.32 1.130 -0.020 NOL 2.02 2.800 BIL Intl US20c 0 46 0.985 -0.015 OCBC 10.73 14.000 Capita Land 1.20 1.780 +0 040 Partway H 25c 0.63 1.330 Chart SemiCond 26c 0.84 1.090
    3,703 words

  • 2806 21 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES kiteatcarT In SS tm US$ %<h yr or %r r S«p 13 Indm Otangi Omngt Chang* Chang* Otmtgt Omtg* World index Prefanm*y 799.5 0.6 27 04 14 OK 1.7 tEAFEftrtiminay 7333 tt» 4j6 04 13 04 M HaiMMSK 9809 04 u ft5 14
    2,806 words

  • MOTORING
    • 434 22  -  Govt incentives will make the environmentally friendly car cheaper by about $50,000 By SAMUEL EE COMFORTDELGRO has ordered 130 Mer-cedes-Benz Euro IV taxis and sources say the transport company will save about $50,000 a vehicle by taking advantage of the government's "green" incentives.
      FILE PHOTO  -  434 words
    • 396 22  -  By SAMUEL EE CONTRARY to popular belief, getting a brand new car from the vendor to replace one bought earlier and found to be defective is not impossible. It's just that it's rare and when it does happen, it's on the quiet. "These
      396 words
  • Page 22 Advertisements
    • 189 22 Prime Industrial Land For Sale Alexandra Road <S\N&\ 60m frontage 2 separate plots 41,000 sq ft each Aiexirrara chn>»Tin.>i voivo C9rtbn Car Vacant possession /fc Showroom Private treat V €>7 *43 y ears tease //fciMr SUMKT "MRT' L MWHIRTY iZs-i i— CBRE Tel: 6224 8181 cb richard ellis Lose More
      189 words
    • 409 22 Insurers handling burning car case IT was recently reported that the owner of a 13-month-old Mazda 6 was suing the authorised dis- tributor for $63,000 after the car caught fire. Mazda 6: Sources say the two-litre model was bought First-year for $100,988 in December 2002 and the incident depreciation occurred
      409 words

  • ENTERPRISE FINANCING
    • 472 23 The SME loan securitisation programme is a timely financing alternative for enterprises which are not seen as attractive credits SMALL and medium-sized enterprises (SMEs) must seize opportunities and be pro-active in finding the right financing mode and instrument that best meets their needs. This was
      AP  -  472 words
    • 259 23 HELD twice every year, the Blue Sky Finance Fair aims to provide a focused platform for SMEs to seek information on the different sources of financing tools available as well as to upgrade the financial management skills of entrepreneurs. This event brings together SMEs
      259 words
    • 1135 24  -  Obtaining a factoring service has helped 2M Precision Automation to improve its cash flow and reduce bad debt risks. Its MD tells CONRAD TAN about other benefits CONRAD TAN DEALING with multinational companies (MNCs) can be both a blessing and a curse, as 2M Precision Automation managing
      ARTHUR LEE  -  1,135 words
    • 940 26 Successful fund-raising for small and medium-sized enterprises essentially means having the right people and the right plan LAST year, more than 5,000 loans amounting to $758 million were committed under the Local Enterprise Finance Scheme (Lefs). In addition, the first tranche of the Loan Insurance Scheme provided
      REUTERS  -  940 words
    • 804 26 WANT to expand your business but don't know where to get financial assistance? Several government agencies have a wide array of financial schemes that enterprises can tap for their growth and expansion strategies. Check out some of them here. Economic Development Board (EDB) Enterprise Investment Incentive (Technopreneur) Scheme:
      804 words
    • 447 26 THE capital market has traditionally been viewed as the exclusive marketplace for large corporations to raise funds through the issuance of stocks and bonds. With the growing sophistication of structured finance transactions, loan securitisation now makes it possible for small and medium-sized enterprises (SMEs)
      447 words
    • 203 26 The Action Community for Entrepreneurship (ACE) The ACE is a movement that involves both the private sector and the government sector to create a more entrepreneurial environment in Singapore. ACE seeks to be a change agent in building a more pro-enterprise environment by facilitating discussion and debate
      203 words
    • 1053 28 A total financing solution is not about getting the cheapest credit. Businesses need to look at what banks can offer including payments and cash management, trade services and risk management FINANCING for businesses is never just about the bank that can give the cheapest credit in
      REUTERS  -  1,053 words
  • Page 23 Advertisements
    • 31 23 What do 43 of the jjj "T" -r!; i— .*»-»«nfift 'Th'h i *-ii—• «*-:•fe?SSsEBE, »-^saifflßspfc—gssT/'^t ayaa* > Hr TT-^r^g. ~P~ 'Lr-'-"' V. -A l-i ftz. i~ 1 m r ,i'yr; _T it.
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  • Page 24 Advertisements
    • 60 24 M- j: m' 1 "Unless you use local guides, you are unable to turn to your account the natural advantages of the land. mi Without local guides, your enemy employs the land as a weapon against you." Sun Art M j i Hong Leong Finance is that guide, and a
      60 words

  • Page 25 Advertisements
    • 256 25 Symbols of good fortune. I HH H b K| />SI n B |HB BB '^Bl bb B [U B J HMb I H B I Japan I B' B BH m bb H Bp, H Bi HH H 9B bb n Kj Hp BB HB H| bb H H >
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  • Page 27 Advertisements
    • 105 27 pff' liPP^-x-% *^jipffe-;!r :'-^^^||B^^Bp^B^iip.-•■* fp^ wmmmmH&KSm^mh, VJ< WfSjfSl* "> v ml fl& IsDQn \v\4utcmt& jh§ <r i •-■jfeiSß •3t 11 ***** IW •'''iiTWiIMHBBI V m I 'y The Loan Insurance Scheme II is an additional avenue for 'I^mßb ti\ financing local enterprises. It gives Participating Financial ter flexibility in customising
      105 words

  • Page 28 Advertisements
    • 95 28 J j ...jfc— fc Rr A finance company that doesn't just help you expand your business. But more importantly, your vision. For enquiries, call us at 6221 9998 or email tnqviriM@iH.coii.Sf f L^rsJ >SJF< SING INVESTMENTS FINANCE LIMITED Head Office 96 Robinson Road, SIF Building, Singapore *****9 TEL 6221 9998
      95 words
    • 92 28 wUr BUSINESS ■Br MANAGING Kf RISKS b\focf'C'ditWi is your helping hand in managing all your business risks i' Infocreditm is Singapore's premier provider of credit, marketing and receivables management services. Credit Risk Management Services ReceivabJes Management Services Business Marketing Services J 1 Credit Scan Dun Trade™ Irrfocredtt DAB (Singapore) Pte
      92 words

  • Page 29 Advertisements
    • 2094 29 I TO USA/CANADA I I EXPORT I I OTHER DESTINATIONS I VESSR VOY PKC ETA SIN LONG REACH DALLAS) HOUSTON MEMPHIS CHICAGO NEWYORK TO AUSTRALIA (AUSTRALIA ASIA EXPRESS) LOS ANGELES EXPRESS MEM 14/09 15/09 01/10 07/10 M/ 10 06/10 06/10 09/10 VESSEL VOY~ ETA SIN PKC fiT" RNE SYP MEL
      2,094 words
    • 921 29 ItNTHAHA tOtO MRVICI vßsa/vor mmukt) mamm wc km 10 sm jkt STtAITS VENTIME/10 1$ J.l 07/W 11/W STVAfTS VENTURE /II 15 1.2 l*/09 22/0* 21/W 01/10 03/10 |smmytNTu»i/i2 is 12 07/10 10/10 12/10 [WIST ASIA/BE NO AL ROUP SVS VtSSa/VOT »OIP(KT) HHGHT(M) YOU UK *HH MNL I SIX I PKG
      921 words

  • Page 30 Advertisements
    • 912 30 MOiCombinci r aranae of shipping modes to ensura timety, ratable services cowing major ports in Norm America, Europe, Japan, Asia, Africa A Oceania. Also fft tarrAdi Cms tK For Schedules, BL Searches, and Container Tracking, visit www.hQmbunsud.com H ASAf SERVICE (EXPORT) Imlwj (Writer. (65) 622J-2U3 SOUTH PAOFtC SttVKI (EXPORT) o»»fcte|
      912 words
    • 1233 30 VESSEL VOT SHI JKT HKG I OWI IMC KYH WIS YBSEI VOY SIN JKT SUB HKG USN PUS HY VLADIVOSTOK M7S 16/1 11/9 23/» 25/9 27/9 29/» 29/9 KMT( KEEIUWG 413S 19/9 22/9 23/9 28/9 2/10 3/10 HT HtOGKESS QMS "30/9" 2/10 4/10 t/10 4/10 KWTC SIWGAPOKE 413S 26/9 29/9
      1,233 words
    • 937 30 WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICD POINTS VESSEL I VOT I SIM P.KLANG COtOtUO N. SHEVA COLOMRO MttWMlB BBffl 13 Stf !sStf lisg 21 Stf 2ii£E— INDIU GAIDHI OW6W 20 SEP 72 SEF 25 StP ?»SEP 01 OCT MM 29SEP o?OCT 05on SUM— lATHttOfeE
      937 words

  • Page 31 Advertisements
    • 1099 31 lflftflf WALLENIUS WILHELMSEN I website: http://www.2w9lobol.tom vmiii AG4OI 120To«s 575* I 16/09 I 13/10 TAR AGO AF4IB 320T-, 6.4 M 21/09 21/10 2./10 29/ 0 02/ 01/ 04/ 2/ 0 nX AS AMI 9 420Tci 6.4 M 02/10 24/10 03/11 10/11 11/11 13/11 17/11 07/11 H— TM Moo I hug
      1,099 words
    • 971 31 m rcu JEM *Ql s«— *L— «f MOl I QQ3QP 14/0? IS/W AIAMMTA2 Kl3 }l/g pkumda Imr MZfiS li/09_ -HUML 4132 U/M UZM_ \nCUKM I 1297H 15/09 l*/09 fit MfttH 52*5 CSF 2301 0031P l*/09 IZZfiS AIAKMTA 2 >914 _i—Li!! PACHMPA USUI um 17/09 W^^g^gWTIWTTFTTTJVS^gK^^M PAC »AWOA lM* U/0? 19/09
      971 words
    • 616 31 0 MYANMA In FIVE STAR LINE (Myamor Natio«al Line) Loading for Yang on vissa voy sin pu pen pgu PAGAN 332W SU) HPA-AN 324W 21/09 IN MALAYSIA: lOUSTEAD SHIPPING AGENCIES Kill: 03-*****300 PKL 03-*****101 PIN: 04-*****02 JHA ACCEPTING CONVENTIONAL C6O HKG SN KG SIN PGII PKL KIK JACARANDA ACt 94
      616 words

  • Page 32 Advertisements
    • 1332 32 /J S pa, lAI W, Aftacv (S) P* W 1*^******Z Snterasla Jlines j?15^^».^g..*...... SUPER EXPRESS SERVICE TO HOMO KO«W Li:i: W M M vcsa vqy osi k» smz tw tw m row wan wtiw Is* j™ lEWAN HA1307 SO2l 07/ M 07/W M/ 09 09/09 10/09 M/ 09 11/09 19/09
      1,332 words
    • 1157 32 /T-| nm I IMCC *AIN:TiL4nH333F*X:4ni-SJ7J I /TS7 *\J£m LlhlEO aisiw«savia:ra:*iii.ssH«x:4n74Ho I UCA SINGAPOfiI: TONG JOO SHIPPING PH LTD a 137t*MO«)OC t Wtt»ilt: www.pli«Mt.co« I vtssa vot rasw kch vissa voy to aw sim vtssa voy rosm wo vesa "wr maw meow B mmtSl 4071 14/04 IS/Ot WSWII 40S1 17/0* H/09
      1,157 words
    • 543 32 M||||iHllGEslSK^^2l^^ MMM TIGER SEA 217N 19-20/09 24 26/09 02-03/10 I HL|3jl£U| TIGER WAVE 211N 21-22/09 28 30/09 OS-06/H0 I H<!QTmH TIGER PEARL 219N 25-26/09 01-03/10 09 10/10 I ■■■■■TIGERSKY 220H 28-29/09 05-07/10 12-13/10 I 221W 02-03/10 08 10/10 16-17/10 1 ■ffffu!liTlsßSß^^o9^?l7^2^6^o?W^ wrmmrnmm m 11-19/09 26-28/09 06-07/10 ■fjUUlljl J BALSAM 162
      543 words


  • Page 34 Advertisements
    • 53 34 —If—in ■mi I mm III Ml inmr am———it r «am -atom «aMt. I i China 3990km /I *1 t' > Sf«| S t Japan 4530km I i India 3390 km I I Malaysia 1km ?m$it .,imj i.hwwui T r wr"?'. HJWH»*» "rwmmk. The right opportunity is closer than you think.
      53 words
  • executive Money
    • 1133 34  -  MONEY MATTERS Be wary of discounts and freebies, especially when shopping around for financial products ROY VARGHESE TWO totally unrelated news reports caught my attention last week, as I took a break from meeting clients and drafting financial plans. The first report
      1,133 words
    • 997 35  -  YOU AND THE TAXMAN Distribution of assets in a liquidation may incur far higher stamp duty than before By POK SOY YOONG One important aspect of our stamp duty law was changed on Aug 31. This change applies when a company is in liquidation and the
      997 words
    • Article, Illustration
      282 35 The Indian equity sector has performed well over the last 12 months, as global investors warmed up to the positive news flow from the sub-continent The financial market was briefly jolted by the surprise victory by the Congress Party in the May 2004 general election, but the appointment of
      282 words
    • 34 35 UNIT TRUSTS FUNDS LEGEND:All prices are indicative;Broadly Diversified; Narowly Focused;$ Lower Risk;^ Low to Medium Risk;& Medium to High Risk;** Higher Risk;open-ended;+Before subdivision of units;After subdivision of units;SP after stock split N.A-Non Dealing Day
      34 words
    • Article, Illustration
      1156 36  -  Markets are not random and investors would do well to make their calls based on interpreting signals. But that doesn't make it easy, as trading coach Ray Barros tells GENEVIEVE CUA GENEVIEVE CUA YOU'D expect a chat with trading coach Ray Barros to be peppered with talk about trend
      CHRIS LOH  -  1,156 words

  • Page 35 Advertisements
    • 90 35 International Business Park (IBP) Close to Jurong East MRT station and bus interchange The Strategy 115sqm onwards Raised floor system t Column-free layout Tht&mray 142sqm onwards u| Great tenant mix I iw» Column-free layout Changi Business Park 10-min drive to Changi airport and close to PIE ECP The Signature For
      90 words

  • Page 36 Advertisements
    • 226 36 There is no holding it back. One glance is enough to tell anyone that this is no ordinary Jaguar. The new Aluminium XJ breaks the mould with a reinforced aluminium body that is £0% lighter than steel, yet 60% stronger, providing increased manoeuvrability and stability. Difficult corners are effortlessly cut
      226 words
    • 4 36 A MONEY MAT^ER S
      4 words