The Business Times, 23 September 2004

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Total Pages: 65
1 66 The Business Times
  • 12 1 THE BUSINESS TIMES online at http://business-times.asial.com.sg MITA (P) 023/03/2004 Thursday, September 23,2004
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  • 514 1  -  BT exclusive S'pore brokers may halt Internet trading in face of Bursa fees for access to prices By JOYCE KOH [SINGAPORE] Investors may not be able to trade Malaysian stocks over the Internet from Oct 1. New charges imposed by Bursa Malaysia
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  • 137 1 STI 1,993.55 (-8.32) ST INDEX FUTURES 1,990.00 (-10.00) SIMSCI 239.72 (-0.94) SIMSCI FUTURES 239.10 (-1.70) MARKETS Wednesday Change KLSE COMP 856.30 -8.83 NIKKEI 225 11,019.41 -61.46 HANG SENG 13,272.23 -32.25 SET INDEX 663.51 +2.59 JAKARTA COMP 818.23 -5.62 MANILA COMP 1,727.88 +7.20 SEOUL COMP 835.10 -22.05 SHENZHEN B
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  • 47 1 TOP STORIES ...PG 2-3 COMPANIES... PG 4-9 MID-CAPS PG 10 SINGAPORE PG 11-12 ECONOMY PG 16 M'SIA PG 17-18 CHINA PG 19 ASIA-PACIFIC.. PG 20 WORLD PG 20-21 AVIATION PG 22 SHIPPING PG 23 EDITORIAL PG 24 LETTERS PG 25 STOCKS PG 35-36 BIZIT PG 37
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  • 437 1  -  Wing Tai's Edmund Cheng says economic restructuring is key By KALPANA RASHIWALA [SINGAPORE] Home prices are likely to show moderate growth over the next five years, but could re-test or even surpass their previous peaks after that, says Wing Tai Holdings' deputy chairman Edmund
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  • Page 1 Advertisements
    • 43 1 SATS RETRENCHMENT W_i I Airport terminal services I erator s^s BT ONLINE For the latest financial news, currency movements and a 7-day archive, visit business-times.asial.com.sg. This service is available to subscribers from 4am Singapore time (2000 GMT) each day. ill 8 *****1 *****4
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    • 141 1 i; Mb AWARDS 5 y* 1A 5-page focus on Maritime Awards ■iinfi (%jk PCS 26-30 mmm BREAWFAyf WITH THE NEW BT 1 WKKr H hHK. piPe^ i a it »> J*' ffi i- v» If you missed the complimentary breakfast voucher given to readers who bought a copy of The
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    • 17 1 bizit Game is on, the wireless way PG37 J y4(ILTON DEPARTMENT STOR JEWELLERT, SINCERE FINE WATCHES. THE
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    • 20 1 Uj&flEQb-. SHIPPING Proceeds from vessel sales to be exempted fromtax PG23 PROPERTY 2004 A 28-page special, free with today's BT
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  • TOP STORIES
    • 780 2  -  Nov hike seen as a certainty; beyond that economists are divided By ANDREW MARKS in New York SOME economists believe a slowing economy will force the US Federal Reserve to the sidelines in 2005. As expected, the Federal Open Market Committee raised short-term
      REUTERS  -  780 words
    • 542 2  -  Stiff competition holds down mortgage rates By SIOW LI SEN, KALPANA RASHIWALA [SINGAPORE] Interest rates up again? Does anyone care? Certainly not home buyers here, it seems. They continue to chase floatingrate loan packages, despite the US raising its key interest rate on
      542 words
    • 480 2  -  By CHUANG PECK MING [SINGAPORE] The Singapore economy has turned out to be stronger than thought, leading the Asian Development Bank to polish its crystal ball. And what the ADB sees is a brighter outlook this year, with growth estimated at 8.1 per
      480 words
    • 725 2 Brokers may well have to mind their stock calls IS there legal recourse for an investor who bought stocks based on super-bullish recommendations by a broker but-subsequently failed to make any money? Can customers seek compensation if a broker issues an ambitious target price for a particular stock
      725 words
    • 675 3  -  It's retrenching 108 staff and releasing another 1 ,064 to sub-contractors By VEN SREENIVASAN [SINGAPORE] Singapore Airport Terminal Services (SATS) is shedding over 10 per cent of its workforce to reduce costs and boost competition ahead of the entry of new
      LAU FOOK KONG/ST  -  675 words
    • 778 3  -  But institute says they need to use external party to increase transparency By WONG WEI KONG [SINGAPORE] More Singapore companies are appraising the performance of their boards and directors, but the appraisal process itself may require closer scrutiny, a survey has found. The Singapore
      778 words
  • Page 2 Advertisements
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  • Page 3 Advertisements
    • 112 3 A M M ■HH H V v HH| V l T Iwl 11J HPJ WJ ill L"J m 11 Lm Whatever you need moving to China, we've been doing it for over 20 years. Today we have *]*ItUw^CTIT*THiT^TS^ China. Which makes us you every logistics option available. Whether it's imports,
      112 words

  • COMPANY NEWS
    • 554 4  -  Drop more likely due to technical correction, profit-taking, they say By KENNETH LIM SINGAPORE'S key market indicators fell yesterday, but analysts say the drop was probably more a technical correction than a real reaction to the long-expected hike in US interest
      AFP  -  554 words
    • 632 4  -  HOCK LOCK SIEW R SIVANITHY Senior Correspondent SUPPOSE you bought stocks based on super-bullish recommendations by your broker that came resplendent with all the fancy research, but subsequently failed to make any money. What courses of action, if any, are open to
      632 words
    • 42 4 UNIT TRUSTS FUNDS LEGEND: All prices are indicative; Broadly Diversified; Narowly Focused; S 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
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    • 483 5  -  It secures 6.7 m new shares at 22.5 cents apiece in latest investment move By LOH HUI YIN, KENNETH LIM AFTER a recent spate of investments, Indonesian food group QAF has struck again, this time taking a 5 per cent bite of mainboard
      483 words
    • 327 5  -  By KENNETH LIM SPECULATIVE interest in ComfortDelgro sparked by a deal between Singapore Press Holdings and MediaCorp has shifted to Singapore Post. As ComfortDelgro's shares retreated further yesterday after SMRT Corp dismissed market talk of a loss-stemming deal between the two transport groups, postal services
      327 words
    • 399 6  -  Tranche will raise about US$750m; DBS to co-lead with Morgan Stanley By TAILA KRISHNAKUMAR IN its first debt sale to professional investors since May 2001, DBS Bank plans to offer an issue of US dollar-denomi-nated 15-year subordinated bonds. The bank will raise about US$75O
      399 words
    • 443 6  -  By JOYCE KOH IN its first acquisition since it stated its intentions to be a Japanese real estate player, mainboard-listed Japan Land yesterday said it intends to take a 68 per cent stake in a Japanese residential developer. Japan Land will pay
      FILE PHOTO  -  443 words
    • 308 6  -  By CHEN HUIFEN JUST months after entering the China market, Singapore's health supplements company Global Active is setting foot in Australia in a deal that will boost its store network in the Asia Pacific by one-third. In one fell swoop, the mainboard-listed
      308 words
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  • Page 7 Advertisements
    • 191 7 Sony Ericsson The new P9loi. Take your office wherever you go. Wherever business or pleasure takes you, the Sony Ericsson P9loi makes sure your office is always within arm's reach. Its sleek exterior packs a PDA-Email-Web browser-Camera-Music player-Game system-Phone, and it has the widest choice of input jM\ J p
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  • SINGAPORE MARKETS
    • 528 8  -  STOCKS The local bourse currently seems to be functioning as an advance barometer of Wall Street's performance R SIVANITHY Senior Correspondent THERE'S an interesting hypothesis going around trading rooms that the local stock market on any day functions as a sort of
      Source: Bloomberg  -  528 words
    • Article, Illustration
      964 8  -  Compiled by KENNETH LIM Venture Corp Sept 22 dose: $16.40 ABN AMRO RESEARCH, Sept 21 HOLD WE expect Venture's printing/imaging and data storage/PC peripherals segments to show lacklustre performance for Q304. The company said several new printer projects have been delayed to Q4 and that it feels overall
      Source: Bloomberg  -  964 words
    • 499 8  -  CURRENCIES LARRY WEE Senior Correspondent THE euro was propelled to a onemonth high against a falling US dollar after the US central bank declared it was not worried about inflation on Tuesday night, but the greenback's losses were trimmed by the Asian close yesterday.
      Source: Reuters  -  499 words
    • TRADES TO WATCH
      • 72 8 TEMASEK Holdings now controls 54.83 per cent of Neptune Orient Lines (NOL) after it received acceptances representing 13.8 million shares for its $2.80-apiece general offer over the past two days. As of yesterday, it has also received acceptances for 8.5 million options, representing 43.19
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      • 71 8 SINGAPORE Telecommunications (Sing Tel) president and chief executive Lee Hsien Yang saw his deemed stake in the telco increase by 813,000 shares after open-market purchases by Dexia Trust Services Singapore. The shares were bought at $2.38 apiece on Monday. Mr Lee's direct and
        71 words
      • 107 8 INNOVALUES Precision executive director Hein Ke Long sold half his entire holdings in the precision component manufacturer yesterday through married deals. The director, who directly held 10.1 million shares before the deals, divested five million shares at 62 cents apiece from his directly owned shares.
        107 words
      • 60 8 CHUAN Hup Holdings executive director Ong Kok Wah bought one million shares of the marine transport equipment supplier on Tuesday at about 60.8 cents apiece from the open market. The purchase raised his stake to 0.69 per cent from 0.6 per cent. Chuan Hup
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      • 68 8 IST Software Corp chief executive David Fraser exercised his first tranche of eight million share options yesterday at 10 cents apiece as part of his remuneration package, giving him his first shares in the IT software firm previously known as iSoftel. The counter rose one
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      • 55 8  -  Compiled by KENNETH LIM LASSETERS International Holdings non-executive director Kuan Peng Ching bought 100,000 shares of the Australia-based casino operator on Tuesday at 24.5 cents apiece. His stake was raised to 1.39 per cent from 1.33 per cent. Lasseters shares slid half a cent to
        55 words
    • Article, Illustration
      443 8 OTHER SINGAPORE INDICES Sep 22 VALUE CLOSE 198.00 -81.00 BT CADI -*****.00 -42.00 BT 10-day MA -*****.00 +20.00 All-SG Equities 519.70 -1.52 SG Equities Elect 158.45 -1.11 SG Equities Fin 1612.94 -5.40 SG Equities Prop 482.94 -3.88 SIMSCI 239.72 -0.94 SiMSCI Futures 239.10 -1.70 MOST ACTIVE STOCKS VOLUME MMI Hldqs
      443 words
    • 435 9  -  Month-long trial to test network, fine-tune services to suit customers By TANG WENG FAI SINGAPORE Telecoms will start a monthlong trial of its 3G high-speed mobile phone services tomorrow. The trial involving 150 of its customers will allow Sing Tel to test
      435 words
    • 319 9 IT seems having a recent initial public offer is no guarantee of solid financials ahead these days. Hong Kong-based Daka Designs, which offered its shares only two months ago, yesterday issued a profit warning saying it expects a year-on-year decline in turnover and net profit
      319 words
    • COMPANY BRIEFS
      • 90 9 DEUTSCIIK Bank AG is offering 40 million rail warrants and 40 million put warrants on Singapore; Press I loldings. The call warrants, exchangeable for one share each, an* priced at 42 cents apiece and carry a strike price of $5, convertible only on
        90 words
      • 96 9 ADVANCED Moldings Ltd said KSTech Ltd and UOB Asset Management Ltd have each subscribed for 3.5 million shares and 2.5 million shares respectively in the placement offer of its initial public offering. This accounts for 30 per cent of its total invitation
        96 words
      • 39 9 11ARD-DISK drive component maker Semitech Electronics said chief executive and president Lawrence Lee has resigned with immediate effect but will remain as non-executive director. Managing director Victor Chow took over as chief executive and president.
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  • Page 9 Advertisements
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    • 313 9 ZHONGGUIJILONG LIMITED^ (Incorporated in the Republic of Singapore on 11 October 2002) iittmi- ara principally engaged in the production of preserved and processed LDNa food products, peanut oil, beverages and freeze-dried products. I Invitation in respect of 134,700,000 New Shares of $0,025 each compriaflfg: I (a) 5,000,000 Offer Shares at
      313 words

  • MID CAPS
    • 870 10  -  Analysts are generally upbeat about the acquisition of a substantial stake by Malaysia's Sime Darby, says WONG WEI KONG WONG WEI KONG TWO years from now if everything goes according to plan marine group Jaya Holdings will be taken over by Malaysian conglomerate Sime Darby. What
      FILE PHOTO; Source: Bloomberg  -  870 words
  • Page 10 Advertisements
    • 143 10 qgp Only 18 units left of 2004 Audi A61.8T. No downpayment and no monthly repayments for 6 months. a v v t I I t ,11 iir.irt" .i iifn |.y| 1i iiMI- l 5 Valve Technology Multitronic Auto Transmission with 6 Speed Manual Shift 8 Airbags with Sideguards Tiptronic Steering
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  • SINGAPORE NEWS
    • 607 11  -  But consultants say opening up of market will challenge Singapore's position as regional oil trading hub By RONNIE LIM IS China an opportunity or a threat? It's both, say China watchers at an oil conference here. The ever-growing Chinese appetite for
      607 words
    • 259 11 COE premiums retreated across the board yesterday, signalling a slower car market as it rides out the Hungry Ghosts Month. A Category A certificate of entitlement for cars below 1,600 cc posted the biggest fall of $2,612, to $24,189. Cat B for cars
      259 words
    • SINGAPORE ROUNDUP
      • 88 11 SINGAPOREANS have raised $8.5 million to date for the President's Challenge 2004, exceeding the target of $8 million. More than 40 participating organisations were involved in raising the funds, which will go towards supporting the current list of 44 beneficiaries with a few more to
        88 words
      • 86 11 A TOTAL of 37 proposal forms nominating candidates for appointment by the President as Nominated Members of Parliament was received by the Special Select Committee. There were 27 forms from the public and 10 from six functional groups. The Special Select Committee has consulted elected
        86 words
    • 256 11  -  Score of 2.9 out of 5 in PwC survey is above the average By CHEN HUIFEN SINGAPORE companies do a better job of managing projects than most others in the world, according to a PricewaterhouseCoopers (PwC) survey. In an online questionnaire conducted between February
      256 words
    • 378 12  -  Group to look at energy reliability and competitive electricity pricing By TANG WENGFAI THE government has set up a high-level committee of international and local energy experts to examine its natural gas and electricity systems to recommend measures that would improve security
      FILE PHOTO  -  378 words
    • 275 12 WORKERS here now have a new avenue to turn to in order to upgrade their skills. The Workforce Development Agency (WDA) announced yesterday a new Employability Skills System (ESS) to help all levels of the Singapore workforce from managerial to operational staff
      275 words
    • 387 12  -  By NANDE KHIN THE meetings, incentives, conventions and exhibitions (MICE) industry is a crucial pillar of the tourism sector, contributing about 24 per cent of total tourism receipts, said Vivian Balakrishnan, Senior Minister of State for Trade and Idustry, yesterday. Foreign exhibitors and
      387 words
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  • Page 12 Advertisements
    • 124 12 1 j r-.. M °w t° d° Risk€valuation, P Due Dilligence and Raise Funds 16 9'obal experts share tips on Ja W opportunities, incentives and lB«& flHlHßCV'r''' taxation in their own countries «JI **"The Impact of Rising Dragon on a special lecture by Mr Justin 2004 is designated as the
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    • 1134 12 8822/Emajljiotkcs@sphxoi^^ IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF POSB COMPUTER SERVICES PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) NOTICE IS HEREBY GIVEN pursuant to Section 308(1) of the Companies Act, Cop. 50, that a Final Meeting of the Members of the abovenamed Company will
      1,134 words

  • SINGAPORE FOCUS: SERVICES
    • 399 13 FUJITSU ASIA Japanese IT giant to hire 200 more staff to enhance services and solutions business FUJITSU and Singapore have a 30-year relationship that is still going strong. And like any long-term couple, they know that pledges of commitment must be renewed.
      399 words
    • 316 13 MOBILE 365 ASIA MOBILE 365 doesn't have a long history in Singapore. But that didn't matter to the mobile messaging, marketing and entertainment company when it moved its global hub here from Europe in June this year. Formerly called Mobileway, the name
      316 words
    • 347 13 SAP ASIA PACIFIC FOR business solutions provider SAP, Singapore wasn't just an ideal location for its Asia Pacific headquarters, it was also the best place to launch its Shared Services Centre (SSC). SAP has played a major role in the business software
      347 words
  • Page 13 Advertisements
    • 584 13 EDB'S IHQ AWARD IN the past couple of weeks we looked at the services companies that recently received the International Headquarters (IHQ) award from the Economic Development Board. TWs week we look at three services firms that have built upon their regional headquarters (Unctions in Singapore. Two of them—Fujitsu Asia
      584 words

  • PROPERTY
    • 327 14  -  Developer believes Cairnhill Crest units will fetch better prices next year By JEAN CHUA TALK about confidence. Property Enterprises Development (PHD), Li Kashing's Singapore unit, has rejected a $40 million offer for eight penthouses at Cairnhill Crest because it thinks the units will fetch a better
      327 words
    • 249 14  -  By CHEN HUIFEN IN the wake of growing ties between Singapore and the Middle Hast, homegrown DST International Property Services is marketing an investment property in Dubai the first time that a residential project in the United Arab Kmirates is being promoted here. Called
      249 words
    • 635 15  -  Wing Tai chief puts his arguments to KALPANA RASHIWALA KALPANA RASHIWALA Foreigners should be allowed to buy landed homes in Singapore, says Edmund Cheng, deputy chairman of residential developer Wing Tai Holdings. "If we want to be a world-class city to attract more people, they
      FILE PHOTO  -  635 words
    • 1179 15 Househunt PROPFRTY TRANSACTIONS BETWEEN SEPT is AND S EPT 22, 2004 Brought to you by j PROJECT NAME/ PROP CONTRACT TENURE BUILT-INAAND PRICE PSf STREET NAME TYPE DATE AREA*(SQ FT) (SS'OOO) (SJ) District 04 NON-LANDED Caribbean At Keppei Bay Apt 30/08/2004 99 1335 1143 856 Caribbean At Keppei Bay Apt
      1,179 words
  • Page 14 Advertisements
    • 316 14 ORCHARD BOULEVARD g O 1 Land Area: 34,000 sq ft approx GRANGE GDN .jr O T PR: 2.1, up to 24 storeys K 5 < Zoned Residential Z I v Situated in the heart of town °°llodg e "j? Near Orchard Road x cy z Subject to Strata Titles Board
      316 words
    • 70 14 I GARDENIACOURT I at Jalan Mata Ayer Freehold Mum*. Jfe. Site Area: 127,415 sq. ft. Plot ratio 1.4 up to 5 storeys Ideal for resort-style *JL condominium 0 Tender closes on 0o 21 October 2004 (Thursday) at 3.00 pm HB ROBINSON 112 ROBINSON ROAD Prime office space for lease Minutes
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  • Page 15 Advertisements
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      238 words

  • ECONOMY WATCH
    • 457 16 But slowdown in China will lead to softening of growth next year, it says AFP [MANILA] The economies of developing Asia can expect gross domestic product (GDP) growth to hit 7 per cent this year despite rising world oil prices, the Asian Development
      AFP  -  457 words
    • 559 16  -  By ANTHONY ROWLEY in Tokyo WITH inflation identified as a rising threat in China and elsewhere in Asia, the Asian Development Bank is encouraging Beijing to raise interest rates, despite warnings by some economists that this could have a damaging impact on
      559 words
  • Page 16 Advertisements
    • 69 16 STAY COOL STAY CONNECTED w_ jflv A stylish mini-fridge is yours (while stocks last) if you subscribe to The Business Times. I E s^~ Plus, you'll enjoy 10% off when you sign up for one year at $19.90 per month*. !Ei To subscribe, call 6388 3838. It's the smartest decision
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    • 200 16 HHH CM btt-lrtt 1860 289 8822 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SUMITOMO HEAVY INDUSTRIES (SOUTH EAST ASIA) PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308(1) of the Companies Act, Cap. 50
      200 words

  • MALAYSIA COMPANIES
    • 551 17  -  Talk of possible takeovers by S'pore banks fuels share prices By EDDIE TOH in Kuala Lumpur INVESTORS have been paying greater attention to some of Malaysia's smallest listed banks on talk of possible takeovers by Singapore bank owners. Stocks of small banks that
      551 words
    • 391 17 [KUALA LUMPUR] KUB Malaysia Bhd plans to list its profitable units, including Tele Dynamics earlier than expected, The Star reported yesterday, quoting KUB's new managing director and CEO, Izham Yusoff. KUB, after struggling with losses for years, has turned the corner and now
      THE STAR  -  391 words
    • 193 17 AP [NEW DELHI] After building highways and water supply lines in India, Malaysia is eager to expand its involvement to the power, airport and port sectors, a Malaysian official said. Of the 26 projects Malaysian construction companies have undertaken in India, 21 worth
      AP  -  193 words
  • Page 17 Advertisements
    • 290 17 1 1 j§ fe IS f PP. ft 5) Shanghai Asia Holdings Limited A leading specialist in gravure printing, providing integrated, high quality packaging and branding solutions FY03 Net Profit RMB66.7 million FY03 Return on Equity 34.3% Applications for the Offer Shares may only be made on printed Invitation in
      290 words

  • MALAYSIA/INDONESIA
    • 560 18 S&P sees no major policy shifts but says polls could be positive for reforms Reuters AP Bloomberg [BOGOR, Indonesia] Former general Susilo Bambang Yudhoyono discussed presidential plans and a Cabinet with visitors to his home yesterday, even though he has yet to declare victory after
      Reuters; AP; Bloomberg; PHOTOS: REUTERS, AP  -  560 words
    • 199 18 Reuters [KUALA LUMPUR] Malaysiabased US electronics, firms cut their 2004 production growth forecast yesterday, citing moderating global demand due to excess inventory, a cooling Chinese economy and rocketing oil prices. Malaysian American Electronics Industry (MAEI), which produces a third of
      Reuters  -  199 words
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    • 48 18 1 MERITUS MANDARIN SINGAPORE I ~>My |Bt I YOURCOSY HAVEN AWAITS Relax and unwind after a hectic day's work with a refreshing drink. Reservations: K /T he *****286 Mezzanine C»fe Bar 2nd floor MEATUS MANDARIN 333 Orchard Road, Singapore *****7. Tel: +65 6737 4411. Fax: +65 6732 2361.
      48 words

  • GREATER CHINA/INDIA
    • 551 19 Move comes three months after it agrees to end VAT rebates on chips Bloomberg Reuters [BEIJING] China, the world's fastest-growing semiconductor market, plans to give full tax rebates to exporters of chip products, three months after it agreed to drop a concession
      Bloomberg; Reuters  -  551 words
    • 230 19 Reuters [SINGAPORE] Global software makers are looking to China as a new centre for their research efforts, seeking to take advantage of cheap programming talent despite nagging intellectual property concerns. "Labour cost is probably the lowest in the world and the talent quality is
      Reuters; FILE PHOTO  -  230 words
    • 364 19 FT [HONG KONG/NEW DELHI] Hutchison Whampoa plans to spin off its Indian mobile phone operations by June next year in an initial public offering that could value the business at up to US$3 billion, says a report in the Financial
      FT  -  364 words
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  • ASIA-PACIFIC/WORLD
    • 481 20  -  Asian economies drew more FDI, bucking global slowdown From RAVI KANTH in Geneva KEY Asian economies China, Singapore, India, Hong Kong, South Korea, among others continued to surge ahead in attracting foreign direct investment flows of US$lO7 billion last year. Even as
      481 words
    • 386 20 Bloomberg [HONG KONG] Morgan Stanley's chief economist Stephen Roach said the global economy will slow "dramatically" in 2005 as China cools its overheated economy and US consumers stop spending money. "There are two engines of global growth right now: There is the
      Bloomberg  -  386 words
    • WORLD WATCH
      • 82 20 AP [JAKARTA] Indonesia's Parliament yesterday passed a new law that prevents creditors from filing bankruptcy suits against solvent banks and insurance companies. The law is aimed at better protecting foreign investors, some of whom have been declared bankrupt by courts despite being clearly solvent after
        AP  -  82 words
      • 77 20 Bloomberg [NEW YORK] Morgan Stanley, the second-biggest US securities firm, said fiscal third-quarter profit tumbled 34 per cent because of lower fees from trading stocks and bonds. Net income in the three months ended in August fell to US$B37 million from US$l.27 billion
        Bloomberg  -  77 words
      • 59 20 Reuters [MOSCOW] Russian oil major Yukos is doing all it can to pay a US$7 billion back-tax bill and stave off bankruptcy, chairman Viktor Gerashchenko told the Kommersant daily yesterday. He also said that Yukos hoped to recover US$3 billion from Sibneft in return
        Reuters  -  59 words
      • 54 20 Bloomberg [BEIJING] Silver Grant International Industries Ltd will buy 56.9 billion yuan (Ssl 1.8 billion) of nonperforming loans from largest shareholder China Cinda Asset Management Corp for 853.5 million yuan. Silver Grant is a Hong Kong-based real estate investor 23 per cent
        Bloomberg  -  54 words
    • 49 20 [WASHINGTON]American Indians from various cultures gathered in traditional dress (right) to celebrate the opening of the Smithsonian's National Museum of the American Indian (above) on Tuesday. The museum is the first international institution dedicated to the shared native heritage of North, Central and South Americas. REUTERS PHOTOS
      REUTERS PHOTOS  -  49 words
    • 327 20 Bloomberg [LONDON] The UK government plans to allow slot machines with payout prizes above £2,000 (556,000) for the first time, restricting them to the largest casinos due to concerns about their effects on gamblers. Machines offering prizes larger than £500 will
      Bloomberg  -  327 words
    • 571 20 It will regulate investment in the region with special provisions for Islamic law AFP [DUBAI] The Gulf emirate of Dubai took a major step this week towards achieving its goal of becoming a financial hub between European and Far Eastern markets by declaring
      AFP  -  571 words
    • 799 20  -  JAPAN INSIGHT Falling US consumer demand dictates such a move but a regional pact on joint appreciation is needed ANTHONY ROWLEY Tokyo Correspondent HOW much longer can America suck up the output of China, Japan and Europe like a giant vacuum cleaner? And will the
      799 words

  • WORLD
    • 417 21 Morningstar can't grade governance with a rating, say most funds [NEW YORK] Morningstar, the influential fund tracker, is causing controversy in the industry with a plan to rate mutual funds according to their corporate governance, according to a Financial Times report. The initiative
      417 words
    • 338 21 Bloomberg [NEW YORK] American International Group Inc (AIG), the world's largest insurer, said the US Securities and Exchange Commission (SEC) plans to sue the company for helping PNC Financial Services Group Inc remove bad loans from its books. AIG Financial Products Corp,
      Bloomberg  -  338 words
  • Page 21 Advertisements
    • 489 21 B 0. Q Central Law Training STEP -x >V'' s k *<**-»" <V ••.<-- *»-< v* Advanced Professional Development Series Series Introduction avoiding double /<2s~^> x lecture sessions. Those The APD series is designed to taxation on who elect to take the provide structured CPD (CPE) employment, AJ/ V% formal
      489 words
    • 485 21 SIEMENS IDobile Designed for life 1.3 MEGAPIXEL CAMERA 65,536 TFT COLOUR DISPLAY 32 MB RS MULTIMEDIACARD fiusisBERHKBMW 'ijß I' '.S I I IBjMf Bmd 1 VHHb pHVI I IjflHC Y t rS flss*^ BUT HOW CAN f YOU MEASURE www.siemens-mobile.com/565 The Siemens 565 mobile phone is available at hello! Shops,
      485 words

  • AVIATION
    • 349 22 Germans are more reliable and would be a good partner: Italian minister Reuters [ROME] Italy's Alitalia should strike an alliance with Lufthansa rather than v Air France because the Germans are "more reliable", the Italian transport minister was quoted as saying yesterday. In
      Reuters  -  349 words
    • 167 22 Reuters (BANGKOK] Thailand's new international airport Is on track to open in September next year as part of the country's plan to become a regional aviation centre. Transport Minister Suriya Jungrungreangkit said on Tuesday. "Our aim is to make Thailand an air hub
      Reuters  -  167 words
    • 270 22 Reuters [ZURICH] The Sky Team Alliance of airlines has no space for troubled airline Swiss to squeeze in, Air France chief executive Jean-Cyril Spinetta told a newspaper. Swiss which analysts consider too big for its small domestic market and in
      Reuters  -  270 words
    • 50 22 [TEL AVIV]A mother and her daughter resting at the check-in counters of Israel's Ben Gurion international airport, near Tel Aviv, on Tuesday. The airport was closed as a general strike against Israel's failure to pay thousands of local authority workers for several months paralysed the country AFP
      AFP  -  50 words
    • 292 22 Xinhua AFP [JOHANNESBURG] South Africa's Johannesburg International Airport and diamond industry could lose millions as Dutch airline KLM considers halting flying the precious cargo out of Johannesburg, local media reported. The airline has ordered experts from Amsterdam to assess security at Johannesburg
      Xinhua; AFP  -  292 words
    • 336 22 Reuters [LONDON] Europe's biggest low-cost airline Ryanair will introduce inflight entertainment to its planes in November, which it expects to lift revenues by at least 14 million euros (Ss29 million) in the first year. Passengers will have to pay £5 ($15.2) or seven
      Reuters  -  336 words
    • 397 22 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:
      397 words
  • Page 22 Advertisements
    • 1324 22 Kink GES international limited WmmmSkSSt (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Seventeenth Annual General Meeting of GES International Limited ("the Company") will be held at Casuarina Suite B, Raffles Hotel, 1 Beach Road, Singapore *****3 on Friday, 22 October
      1,324 words

  • SHIPPING
    • 479 23 AFP [MADRID] The first day of a strike at Spain's shipyards sparked violent incidents on Tuesday as workers protesting restructuring plans clashed with police in the southern city of Cadix. The clashes erupted when workers at the Puerto Real site blocked traffic
      AFP; REUTERS  -  479 words
    • 442 23  -  Eligible companies will enjoy tax break from assessment year 2005 By GEORGE JOSEPH [SINGAPORE] The Government yesterday announced that shipping companies under an approved scheme and those that have vessels flagged under the Singapore Registry of Ships will not have to pay
      FILE PHOTO  -  442 words
    • 451 23  -  By DAVID HUGHES in London GOVERNMENTS can undermine good trade policy by pursuing deficient approaches to other areas of economic activity, including sea transport and ports, according to the 2004 World Trade Report just published by the World Trade Organization (WTO)
      451 words
    • 297 23 SGX '000 itpll S$ W- Vol CH Offshore .038 unch 3328 ChuanHup 0 60 -001 20*0 Casco Investment 0.96 0.03 ***** CWT Distribution 0.50 0.01 24 Eira Hldgs 103 -003 358 freight Links 0.10 -0.01 110 Grand Banks Yacht 0.80 0.01 9 Jaya Holdings 0.94 unch 1924 K1
      297 words
    • 159 23 Bloomberg [TOKYO] Mitsubishi Heavy Industries, Universal Shipbuilding Corp. and 17 other Japanese shipbuilders received 4 per cent more orders in the first eight months of 2004, as the rate of growth slowed from last year's record pace. Japanese shipbuilders received orders for 5.17 million
      Bloomberg  -  159 words
    • 502 23 Bloomberg Reuters [SINGAPORE] Stelios Hajiloannou, whose family owns about 27 per cent of Stelmar Shipping Ltd, may oppose the US$677 million sale of the Athens-based oil-tanker business he founded to Fortress Investment Group LLC. Shareholders lost about US$l4O million because
      Bloomberg; Reuters  -  502 words
    • 63 23 Reuters [HONG KONG] Hong Kong-based ship operator Orient Overseas (International) Ltd said yesterday it plans to buy two vessels for US$lOB.4 million. OOIL, owned by the family of Hong Kong Chief Executive Tung Chee-hwa, said in a statement it had entered into contracts with two
      Reuters  -  63 words
  • Page 23 Advertisements
    • 111 23 Min 'A' Levels M Container Technical knowledge an advantage II Refrigerated container knowledge an advantage I Able to work in a fast pace environment I Good team worker I PC literate I Singaporean /PR only I Good interpersonal skills I Bilingual in English and Mandarin I Able to commence within
      111 words

  • EDITORIAL & OPINION
    • 510 24 EDITORIAL THE US Federal Reserve's Open Market Committee (FOMC) raised short-term US interest rates a notch higher this week as widely expected, and also painted a more sanguine if not terribly exciting picture of the US economy. By raising rates in small regular doses now,
      510 words
    • 1578 24  -  Speculation mounts over who will succeed Greenspan in one of Washington's top jobs By NELL HENDERSON WANTED: Brilliant economist. Must be politically savvy, trusted by Wall Street, a strong leader and consensus builder, cool in a crisis, able to calm world markets with a few
      BLOOMBERG PHOTOS  -  1,578 words
    • 677 24  - The European dilemma Yes or no to Turkey? THE BOTTOM LINE SHADA ISLAM Brussels Correspondent FORGET European Union divisions over the Iraq war, Europe's top policy makers are now even more fiercely split over Turkey's membership of the EU. The bloc's movers and shakers can be divided into inward-looking worriers
      677 words
    • 843 25  -  Neither Bush nor Kerry are willing to tell voters what they don't want to hear ROBERT SAMUELSON AMERICA'S health-care system is a frustrating mix of routine miracles and scandalous failures. The miracles abound; Bill Clinton's recent openheart surgery was cuttingedge a few
      AFP  -  843 words
    • 409 25  -  LETTERS TO THE EDITOR Dr David Consigliere President Dr Weber Lau Honorary Secretary Singapore Urological Association The article "Incontinence: the bane of ageing men!' (BT, July 24-25) contains several statements that are inaccurate and do not reflect current urologic practice. They will potentially mislead your
      409 words
    • 182 25  -  Denis Distant I REFER to the spate of letters expressing concern about the proposal to open a casino here. There was no similar expression of concern when soccer betting at Toto and 4-digit outlets was first proposed. Is this not gambling within easy reach of
      FILE PHOTO  -  182 words
    • 912 25 Bloomberg IF you're looking for a reality check on Malaysia's economy, one can be found in the bond market. Last week, when Asia's 10th biggest economy sold five-year bonds, it drew bids 2.54 times the RM2 billion (SsB9l million) of debt offered. The ratio,
      Bloomberg  -  912 words

  • Page 25 Advertisements
    • 103 25 HAVE YOUR SAY Fax your letters to 6319-8277 or email them to btletterGsph.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 libel
      103 words
  • Page 25 Miscellaneous
    • 300 25 CRYPTIC CROSSWORD 5 Skirt, one on Violet's someACROSS thing unusual (4,4) 1 With passing of the same age 6 Hare round second-class (12) treatment centre (5) 9 Litmus used in exam? (4-5) 7 Loaf, one of four equal parts 10 Meet amateur in place one (8) often visits (5) 8
      300 words

  • MPA AWARDS
    • 689 26 The city-state's growing stature as the maritime gateway to the region is seen in the rising number of firms setting up here MORE than ever before, companies are picking Singapore as their preferred base for maritime operations. This year, 25 companies were presented the Maritime
      AFP  -  689 words
    • 739 28  -  But factors like S'pore's position as an international maritime centre and a good workforce are important too, reports CAROLYN QUEK CAROLYN QUEK SINGAPORE has always been the regional base for BP since it began its operations here in 1964. But the decision to operate
      739 words
    • 699 29  -  Singapore made it very easy for the drilling company to set up operations here, its managing director tells UMA SHANKARI UMA SHANKARI SETTLING into Singapore proved to be a breeze for Dolphin Drilling and its managing director John Sydness. The company, which is engaged in drilling
      ARTHUR LEE  -  699 words
    • 523 29 "QUALITY, that's what we provide, ship management service with quality of the highest order." Sounds like a cliche, but that's what is key to founder of Executive Ship Management (ESM), BS Teeka. And his emphasis on this one factor has obviously worked well. Founded in
      523 words
    • 1012 30  -  A decade after shifting here from Hong Kong, Altus' CEO tells UMA SHANKARI why he still believes it is the best choice for his headquarters UMA SHANKARI IN 1992, the Altus group's headquarters was located in Hong Kong, but CEO Robert Sumantri was understandably
      CHRIS LOH  -  1,012 words
  • Page 26 Advertisements
    • 23 26 Realising Your Business Aspirations. Singapore, Your Maritime Partner. Global Connectivity Pro-Business Environment Excellent Infrastructure Integrated Maritime Ancillary Services .-"i"^'^- I BUB| I •-»'--<* -e
      23 words

  • Page 27 Advertisements
    • 63 27 (P (ir ft] «)W PR s] CdScb COSCO CORPORATION (SINGAPORE) LIMITED t. i cst'c'sf t i ifi/ffj ir<l4> ii/tf f ft f -iSiifcl #^jiifcitftf I E^^BMrk" H HBM i SESFIK. |H W ffiffj •——*-t» iSi~ A» «%gSt. IB -< £9 BSirlHlpWßwNiiiß^^w h .imbirliiTHMß 9 Temasek Boulevard #07-00 Suntec Tower Two
      63 words

  • Page 28 Advertisements
    • 139 28 j—^ *a*f* ~£v v*f? Serving you at over 150 ports in Far East, China, Southeast Asia, Australasia, Indian Sub-continent, Middle East, Red Sea, Africa Europe mpiL www.pilship.com CELEBRATING MARITIME PORT AUTHORITY'S INTERNATIONAL MARITIME AWARDS 2004 BEST WISHES Advance Container Lines (Pte) Ltd =ZZZZZ Af*l 140 Cecil Street #01 -00 PlLBuilding,
      139 words

  • Page 29 Advertisements
    • 135 29 EE^nß^^H^^Hß^^^^HliniEnrJS^^Si^riS^w SlSRS^^S^^^^K^ii^^^^^Hl^^^^HHHßllfll^BlvJl^^^^Hl^BHMlKsKll ga^M»gi^UKT- 1 *E^!i*TW 'vj \^-.^srj^3 Self Propelled Drill Ship Class 3 il < C V ,> e Belford Dolphin -On Contract in India H! Semi-Submersible Drilling Units Borgny Dolphin Enhanced Aker H3, On Contract in Mexico Bulford Dolphin Enhanced Aker H3, On Contract in Mexico Bredford Dolphin Enhanced
      135 words

  • Page 30 Advertisements
    • 66 30 We are proud to be awarded the Port Authority of Singapore H nTTTiI I h I p r>it' 111 E]| i\n Rlijfrgi Lhi rirKK>, B are the key phrases for WBBBBbMPHhM B nyk NYK LINE (ASIA) PTE LTD NYK shipmanacement 1 Harbour Front Place #13-01 1 Harbour Front Place #15-01
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  • Page 31 Advertisements
    • 997 31 I IMPORT I NORTH AMERICA ~|[~|l AUSTRALIA/NEW ZEALAND WWWSHUmBgXWMMBIIO I AUSTRALIA ASIA EXPRESS (AAXj VESSEL VOY LGB SIM PUG §m OOCI NINGBO 03W36 13/09 01/10 OMIT H« SYD MIL API ERE SM WO OOa HAMBURG 05W37 16/09 03/10 05/10 AMI EMBLEM lON 11/09 13/09 15/09 17/09 21/09 24/09 JI/09 PBO
      997 words
    • 843 31 IINTWASIA HOtO MHVICi vcsa/wr Mwwm hbghtwd fug kch m I sh I jkt I STIAITS VENTURE /I I IS 3.2 20/ M 23/09 21/ M 01/10 02/10 STRAITS VENTURE/12 IS 3J 02/10 M 10 10/10 12/10 STRAITS VENTURE /13 IS 12 14/10 14/10 21/10 31/10 02/11 IWItT ASIA/HNOAL KOtO svs
      843 words

  • Page 32 Advertisements
    • 767 32 For Schedules, BL Searches, and Container Tracking, visit on our Home Page: www.moloin.com.oq www.hambiinsiid.coni ASAf SBVm UPOtn »SAH SftVKI (EXPORT) H»lfcc (65) tttl-IW —if* l iss 1 argviriwr (rniS+mi S7TS TsTTo EwrfawlßMll Wll Wll -B7TT 17/11 W/ll D*»B»13HI Ot/lt 11/10 OMiyi !S(OS »l/ll 11/11 IVII IVII tin KOfms Fa mpHkkmmkmtlmDmtm)
      767 words
    • 1046 32 vcsa ISYTHST KG GttflHlGMt 431N 1/10 3/10 T Wft»ftYIUMlC J IW9 Eg GOLDBITIADE MOM I 5/10 I 4/10 1/10 \~T\ HEWDYMAMK 071 A 7fo~ 9/10 IHHTHMD loiOM 11>/*****/*****/101 -I WIHWIDGt 044* 7/10 9/10 *ya bmh Worii I West port SHA UP HSK AMASS 10? St 1 ?4/» 127/» 5/10 7/10
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    • 874 32 W S& WEBQY EXPRESS SAILING SCHEDULE ALSO ACCEPT!W6 TO ALL NORTHERN AND WESTERN ICQ POIITS VESSEL VOT Hi PJOANO IcOLOOMO In. SNEVA COLOOMO maniiiA tpwow I 3» issg issg 21g Hg mowiamm www »sg asg issg nsg 0100 IUKJMH www 27Sg »Sg MOO MOO woo MfNßOtt WW 04OCT MOP WOO
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  • Page 33 Advertisements
    • 991 33 Ufillf WALLENIUS WILHELMSEN website: http://www.2wglobal.com IK l»*0 HOW it W Ml OB IK iH Ml TEXAS AMI 9 4201«s 6.4 M I 02/10 24/10 03/11 10/11 11/11 15/11 13/11 17/11 07/11 UMBLANE AM2O 3201NS MM I 16/10 09/11 11/11 25/11 M/ 11 01/12 29/11 03/12 22/11 UKO AF42I |4201mh 6.4
      991 words
    • 751 33 rasa m m m jam m m n WW ooj4f Z3Z» »/W JKW 1113 22ZM 2l^g_ jkjmm usa 2im m/oo jnuniM nn 224 a um— PMOAHPA HO4M 25M 20/09 BU 2S/M 21M. KHB |g NCMU 30/09 -QL23U oat M/ot w/w ii^^MmnvnnTTTTHMH cy 2Mi oostF 2i/o« 2«/ M MKMmm —rm~ 21/W
      751 words
    • 466 33 BSAi. MYANMA HH FIVE STAR UNE (Myamor Natioaal Um) VESSH. VOY SM PU PEN POI PAGAN 332W SU> HPA-AM 326W 26/09 IN MALAYSIA: IOUSTEAD SHIPPING AGENCIES KUL 03-*****300 PKL 03-*****101 PEN: 04-*****02 MKKKKk AccEPTme conventional cso HKG SM NRG SIN PGII PKL KIK J UON HURT 121 SID SID SID
      466 words


  • 3126 35 STRAITS TIMES INDEX STOCKS sua m o— exwg» wt a— Allgreen 50c 0-32 1.130 ->0.010 NOL 2.03 2J10 Bit Irrtl US20c 0.46 0.970 -0 010 OC8C 10.65 13.900 -0-100 CapitaLand 1 JO 1.770 -0.010 Parkway H 25c 0.64 1360 Chart SemiCond 26c 0.81 1.050 -0.010 People's Food HK50c
    3,126 words

  • 2741 36 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES klMlcarr kSS In UU %<tf %y< %4y *>* %<fy %y, 8«»21 >n*»» Ox«— Chfi9> Chtng* Pang* CNm»b« Q>—>q» Wartri ada ftrihwiwv 799.0 03 L6 06 U 0.6 17 tlAliPntrrmvrt 733.9 0.4 4.7 1.0 2j0 0.9 2.5 Europe PwWn»r lOO&O 06 40 1-4 1J
    2,741 words

  • BizIT
    • 704 37 Last year, Asia-Pacific spent US$237m on wireless games products and services, reports RAJU CHELLAM Here come the wire--1 e s s games. After tasting success in ringtones and logo content downloads, mobile phone operators in the region believe they have another winner with wireless
      704 words
    • 585 37  -  It will spend 80m euros to push its new brand image By RAJU CHELLAM DUTCH electronics giant Royal Philips Electronics is changing its tagline from "Let's make things better" to a new theme, "Sense and simplicity", in a global push to rebrand itself against the
      FILE PHOTO  -  585 words
    • 634 37  -  TRENDS IN BUSINESS PROCESS OUTSOURCING Reports by AMIT ROY CHOUDHURY THE Indian Business Process Outsourcing (BPO) market is seeing the emergence of strong second-tier operators who are filling a vacuum in the market for smaller, price-sensitive BPO contracts. India's established IT majors like TCS, Wipro,
      Source: Gartner, File photos  -  634 words
    • 98 37 ORGANISED by the Olive Consulting Group with support from IE Singapore's Network India, the two-day Global Business Process Outsourcing Conference 2004 starts on Sept 29 at the Grand Hyatt, Singapore. This inaugural event will see 16 speakers present a cut-to-the-chase take on the whats, whys and hows
      98 words
    • 412 37 WHILE Singapore is gearing up to become a major hub and provider of high-end business process outsourcing (BPO) and shared services, analysts differ on their perception of how much success the country can have as a BPO destination. The Economic Development Board
      412 words

  • MADE IN SINGAPORE
    • 985 38  -  Tien Wah Press does little business in Singapore, but is staying put and even expanding, reports NANDE KHIN NANDE KHIN A COMPANY of contradictions, that's how local printing firm Tien Wah Press Pte Ltd strikes people. It has a low profile in Singapore, its home
      ARTHUR LEE  -  985 words
    • 625 38  -  By DANIEL BUENAS IN a business environment that is increasingly driven by low-cost manufacturing, homegrown book producer CS Graphics bucks the trend. The company's focus is more on quality than cost, and founder and managing director Lee Sian Tee reckons this has
      CHRIS LOH  -  625 words
  • Page 38 Advertisements
    • 295 38 THE printing industry in Singapore was worth $2.6 billion and employed about 19,000 people in 2002. Much of its output is exported to the United States and Europe $670 million in 2003. Singapore printers face fierce foreign competition. But they have adapted quickly and many have found niche areas in
      295 words

  • THE BUSINESS TIMES Property 2004
    • 350 39  -  By Andrea Tan 'PROPERTY is an intellectual production. The game requires coolness, right reasoning, promptness, and patience in the players," noted philosopher Ralph Waldo Emerson. In Property 2004, we look at how the game has played out in Singapore. The real estate market, along with the broader
      350 words
    • Article, Illustration
      1036 40  -  The crowds are back at property launches, and sales are picking up. Is it time to get into the residential market? ANDREA TAN finds out ANDREA TAN AFTER being in slumber for most of the year, Singapore's property giants appear to have woken up. Previews, special invitations
      Source: URA  -  1,036 words
    • 1380 42  -  Sellers are seen being more realistic amid sombre market, says KARAMJIT SINGH KARAMJIT SINGH NEXT month marks the tenth anniversary of a unique Singapore phenomenon that has changed many investors' lives dramatically. It's commonly known as the en bloc or collective sale magical terms synonymous
      FILE PHOTO  -  1,380 words
    • 685 44  -  MARGARET THEAN notes the rising proportion of foreign and PR property buyers MARGARET THEAM SINGAPOREANS have always welcomed and accepted foreigners, whether they are tourists, foreign workers or expatriates working or residing on the island. We see them more often now at shopping centres, food courts,
      Source: SISV ReaLink, DTZ Researcn  -  685 words
    • 676 44  -  By CHRISTINA SIM ALTHOUGH there have been more inbound expatriates in the first half of this year and many multinationals have embarked on recruitment drives as opposed to downsizing and repatriating, the private residential leasing market has inadvertently slumped somewhat. According to the Urban
      676 words
    • 1351 46  -  The current low interest rate environment favours their development, says SOONG TUCK YIN SOONG TUCK YIM IT has been more than two years since the successful listing of Capita Mall Trust and what a difference two years makes! In that time, Singapore's Reit market has
      Source: Bloomberg  -  1,351 words
    • 991 46  -  By JACK CHUA THE number of HDB resale flat applications in the first quarter hit an all-time low of 5,480 units even lower than the 5,866 units in Q1 last year when Singapore was hit by Sars. It was a drop of
      FILE PHOTO  -  991 words
    • 841 48  -  take on added value viewed as investment but yields are not the only way FOO SUANRENG, SHAN FOO SUANRENG, SHAN THE local real estate investment market was buoyant in the first half of this year with properties transacted reaching a value of $2.68 billion. That's a remarkable
      841 words
    • Article, Illustration
      1529 49  -  Shopping is serious business for the Singapore Tourism Board, as wooing the tourist dollar becomes more challenging with the changing retail landscape and more sophisticated shoppers, writes SULIAN TAN-WIJAYA SULIAN TAN-WIJAYA VISITORS to Singapore have consistently spent about half their total expenditure on shopping in the past decade,
      1,529 words
    • 1335 50  -  While property remains a favourite of Singaporean investors, it's important to diversify in asset allocation, writes PAUL STEFFANSON PAUL STEFFANSON SINGAPOREANS have always had a great love affair with property. Since the property bubble burst during the Asian financial crisis in 1997, prices have not returned
      1,335 words
    • 1276 50  -  NICHOLAS MAK looks at developments on the waterfront theme NICHOLAS MAK WATERFRONT living has been the theme of several residential projects, even though some of them offer a view of a body of water, rather than actual waterfront living. True waterfront living means living within five minutes' walking
      1,276 words
    • 1457 51  -  Serviced apartment operators in Singapore are expanding both at home and away. WALLANCE CHU finds out how they build their brands WALLACE CHU AS the Singapore serviced apartment market reaches a new level of maturity, it is worth taking a look at the recipe for success in
      Source: FFD Savtes Research  -  1,457 words
    • 1078 56  -  Where are banks headed with home loan rates, and who's dishing out the best deals? TAILA KRISHNAKUMAR finds out TAILA KRISHNAKUMAR BANKS are still going all out to grow the home loans business but how does a consumer find the best among the offerings, and figure
      1,078 words
    • 1558 56  -  The time has come to move forward with the mammoth Business and Financial Centre at Marina Bay. MORAY ARMSTRONG explains why MORAY ARMSTRONG "OFFICE properties face biggest glut ever." Was this an attention-grabbing headline that might explain the Urban Redevelopment Authority's (URA) earlier decisions to postpone
      1,558 words
    • 1222 58  -  People's ideas of interior design have undergone a big change in recent years, says GEOFFREY EU GEOFFREY EU (IT wasn't all that long ago when interior design in Singapore was a concept 1 mired creatively speak- ing, anyway firmly in the ■Dark Ages, where design-
      FILE PHOTO  -  1,222 words
    • 749 58  -  By SOONG HEE SANG THE good news for the office property sector, according to recent reports by property consultants, is that the sector has improved in the first half of this year. This could signal the start of a recovery in the
      FILE PHOTO  -  749 words
    • 1493 59 Both Singapore and Japan will face difficulties retaining investor interest amid a maturing Reit market THOUGH still in its infancy, Japan's real estate investment trust (J-Reit) market has enjoyed strong demand from investors due to high dividend payouts in the last two years. Despite this success,
      Source: Tokyo Stock Exchange,; AP  -  1,493 words
    • 1263 60  -  WILSONA ANG and TAY HUEY YING give some suggestions WILSON ANG, TAY HUEY YING THE Singapore economy has been flush with positive news of late. Despite the rise in oil prices, the economy powered ahead with sterling 12.5 per cent growth in the second quarter. The manufacturing
      Source: URAIC offers international Singapore Research; FILE PHOTO  -  1,263 words
    • 1152 62  -  The boom in IT and IT-enabled services spells unique potential for real estate investors, writes GOH KOK HUAT GOH KOK HUAT WHISPER real estate in India to the international real estate community, and a few mental pictures often come to mind: old run-down buildings, poor maintenance,
      REUTERS  -  1,152 words
    • 850 63  -  With limited supply in prime locations, occupancies and rentals are expected to stay firm. BRIAN KOH reports BRIAN KOH MALAYSIA'S strategic position between the Indian Ocean and the South China Sea has for centuries made her a meeting point for traders from the East and West.
      REUTERS  -  850 words
    • 1007 64  -  Despite government controls to cool a frenzy of building and buying, Chinese are now buying property more than ever. JEAN CHUA looks at market movements in China real estate JEAN CHUA DEPENDING on who you talk to, you'll get a different picture of China's property market. The
      AP  -  1,007 words
    • Article, Illustration
      745 65  -  The London residential market looks set to defy the bears crying 'over-heated', as limited supply and strong sentiment continue to keep prices up, writes DAVID NEUBRONNER DAVID NEUBRONNER THE London property shows have recently made a comeback in the local property scene, more specifically at the Singapore Hilton.
      BLOOMBERG NEWS  -  745 words
    • 677 66 ■ffHKMI|j EET property's young, i' T I enter P r s n upstart 11 i i I O ran B eT< ?e. Expert in I I e-services but equally ■■■■■■11 savvy in the other areas of the property consultancy business. "We haven't forgotten
      677 words
    • 424 66 "We've enlisted Orange Tee to conduct seminars and have been most impressed. Participants found their training on Mastering the Art of Project Marketing to be very effective. The IT support that they provide to their agents and the public is also amazing by any standard. Even as a Chief
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  • Page 39 Advertisements
    • 55 39 CONTENTS PG 4 Hons-;-!ii:ntOf s ru::(h PG 16-17 industnal -k PG 22 Kt'(oveiy theniP PG 2 inwstniu pyramid PG 12 Hr-trie Un "hoppinq PG 18 ;.-:.*ok:nq ,jhn\Ki PG 2S-27 Wdfr B^fl wv/A-A- You a of Real Estate Services Investment Properties Institutional Investment Properties Office Residential Project Consulting Consultancy you places
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  • Page 40 Advertisements
    • 331 40 i Embark on a life most extraordinary at Monterey Park Condominium with a free yacht club membership > I T f If i if f k t J\ 1 I U".'. x Now, when you purchase a luxurious home at Monterey Park Condominium, you immediately join privileged ranks at one
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    • 202 40 4$ iJSBi wHRPq i.n«M r SIHPP"i 1 SiW- 1 3p ■SSM^KS3li£^r l iSiHK^ S HI i> 4 S| I Pl* IQI #IrgISgMBJM 3%. b IM IFK d^SUH 36-storey high twin towws fc 413- -I HI -fT\ r K **S -JP3 204 luxurious unit# comprising of 2-*lSOJty), «PfE a g| jjfi
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    • 41 41 ;';n, v s tf ['^['^!:S3l r 2"I. .|Pj||| 8p V I ML JBE mm ;t&lc- "''r^r^i"f^iW"' .^'.'*^l MCLland 78 SHENTON WAY #33-00 SINGAPORE *****0 TEL: (65) 6221 81 1 1 FAX: (65) 6225 3383 WWW.mclland.COm.sg A member of the JardineCyde&Carriage Group
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  • Page 42 Advertisements
    • 94 42 A join! venture between: ENTER PRIsPrTE LTD Joint Marke.ing Agents: TjeSwig"' H J 6327 5755 Developer: Riviera Properties Pte Ltd [A Joint Venture between NTUC Choice Homes Co-operatives Ltd and Chip Eng Leong Enterprise]. Tenure: Freehold. Lot(s) No.: Lot(s) *****K, *****N, *****W, ***** V, *****P, ***** X and ***** M
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  • Page 43 Advertisements
    • 39 43 NV, "'TV-*'- N. Hrtlß™»n» cu***wt"- We all the same So why be same we your home allow HH| your your why we offer you even the chance to your The a home your why more than people now homes
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  • Page 44 Advertisements
    • 241 44 Sentosa Cove A mre gen/, in it fterjat setting. 'V M a^K," L, *m JHii ji-- I IH®iYour once-in-a-lifetime opportunity to join Singapore's premier waterfront community in an island resort. Pollowine the successful launch ,.t ,rs first sale of sites. Sentosa Tins is (Ik- first development of .rs kind t..
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  • Page 45 Advertisements
    • 185 45 i-V, |S| p|i p y ///&j hzj-£ ®P ac ous apartments with generous balconies bay windows //</ /^>/ f f /It-'tfOcst/Ve/ y {fot*t VOl\JO*x Ui/ I instalment till TOP*or Deferred payment scheme* I .^^^iimii^ii^mniiiimn IB ShOWflatS 'Terms conditions apply. K9 Showflats at Elias Rd open from 10dITI to 6pm daily
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  • Page 46 Advertisements
    • 301 46 En-bloc ked Sales? rr A Collective Sale can be rewarding immensely rewarding, if it materializes. If not, it can be the cause of time and opportunity losses and much agony. SjiiL The owners at Chuan Court tried twice first in 1995 and then in 1999. Both times they were told
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  • Page 47 Advertisements
    • 97 47 Open from 1 Qsrn 6prn ddily 03d) s. "H 111 E la K HAMPDEN (A member of Chip Eng Seng Group) 5 \~*v*£i Developer: CES Shanghai Pte. Ltd. (A member of Chip Eng Seng Group) Developer's Licence No.: ***** Tenure of Land: Freehold Lot(s) No.: *****N, *****K, ***** T. *****
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  • Page 48 Advertisements
    • 287 48 A Capital Idea: Upscale the stature of your business in one move. CAPITAL TOWER Hi Capital Tower is the flagship building of illLrtSriflSEk "iSS 4jiMN| Capita Commercial Trust ("CCT"). With its l||i|9l distinctive modern architecture and silver-blue H silhouette, this Grade A award winning office building stands the Central Business
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  • Page 49 Advertisements
    • 257 49 An Amara Home Upper Bukit Timah Road MSMMMMB ********** *****531 HMBBHMBMHMBMMMNMBBMBBHI A GENESIS OF CREATIVE LIVING And Pay Your Instalments Promotion for a limited period only SHOWFLAT: 888 Upper Bukit Timah Road f Wk Opens daily from 10am 6pm coul?nnj9K k f ENQUIRIES: 6766 2345 L I H f?4 Tenure:
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    • 93 51 »H^«S ■Ami \i>l '^B ii i| —sb,» UNIONC Kenan cbhSS -ssr- ££jk^fekiiSAyyß' -J tSSLcfE> s StIOWHOUSE OPEN fPOM lOAM-6PM DAILY. CALL 6270 2662 OP VISIT WWW.CAPIBBEAN.COM.SG Developer: Keppe! Bay Pte Ltd Tenure: 99 years wef 16 Aug 1999 Developer's Licence No: ***** mappn ERA R tty N twort Expected TOP
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  • Page 52/53 Advertisements
    • 1454 52/53 Special Adi ertising Feature discerning tenants j|lyg£™kiiPj One Raffles Quay brings together three investment, management and develop- I ONE and sourcing to Kong where it owns manages some jffii UraPPI p C Keppel Land. With over 200 years of ex- f I ijf|| 1 Manna Boulevard waterfront. r\MrrLt3 above what
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    • 280 54 E j ji^ Your auideto a& 'y > 1 v Estate Sembawang major projects > I ■I B /1 j fan i( Marsiiing Woodlands Y,shun Yishun 8k island-wide I IJ3 it Khatib J > > Industrial l§i jf _y/ Estate/ J < I rT' I J <t /y YewTw Y®
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  • Page 55 Advertisements
    • 632 55 /<;* J STATE OF JOHOR 1 (MALAYSIA) *9Bt l 1 j 1 V iw f J. /f Current Major Projects JOH o "y_ A Icon 99 Yr 2 Far East Organization Gopeng Street 646 O Tw n Regency Fh 3 United Overseas Land Kim Tian Road 234 Meraprime 99 Yr
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  • Page 57 Advertisements
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  • Page 58 Advertisements
    • 229 58 Renovating your house? We'll help you together interest rates EIHHMLI W fit fifir free as low as 55% i y\ ljJ persona^ 1 "A| H^era^e discounts preferential savings house- on services extra added home repair With our complete home renovation loan package, renovating your home need not be a puzzle.
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  • Page 59 Advertisements
    • 187 59 /^V ■P^l MM|flF Private Property Home Loan HDB Home Loan I Year 1 1.68% p.a. (Fixed) Year 1 1.68% p.a. (Fixed) I Year 2 2.78% p.a. (Fixed) Year 2 2.38% p.a. (Fixed) 1 Year 3 2.98% p.a. (Fixed) I Rates thereafter are pegged against our housing loan board rates. I
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  • Page 60 Advertisements
    • 107 60 mi****>* j -v *■> lH V MrL W if* \i!i® t Bt BWWWBIBIIIIIBBMBBWMBWBWBBBBwHHWBWWBWBWBBBBBHBWI Good Business Environment: |45 ride with more than 50 ferry Land lease 30 years 80 years. Electricity supplied by PLN Batam. M connection services provided by Telkom. DFor Sales or Rentals Enquires: Latrade Pte Ltd Singapore Office:
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    • 41 60 •> >•> 1 1 << Str©etwise. Lets face it, the London property market can be a hard and confusing place to be. Let us show you the way. FULL House ESTATE AGENTS Pull House Group 3 Hogarth Place 5W5 OQT •020 7259 2779 www.fullhouse-prooerties.com
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  • Page 61 Advertisements
    • 313 61 SqU re ot Cyb6r Pearl iS a Grade A Complex that is ideal for Located alon 9 Chennai's IT Corridor,the International Tech Park, Chennai, is a IT, ITES, BPOs and call centre operations. Besides offering excellent scope for i quality development catering to the demands for Grade-A business space in
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  • Page 62 Advertisements
    • 39 62 j"*.*: r PERTHFECT CHOICE FOR THE PillWfiCT I Of* A TftlKUltfK JBrnmßSblli Take of the property growth in Perth NOW BB 1 1 financial assistance I ■■■■■Ql management construction I iM IP PI j|M C HI Ki llliii |U
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  • Page 63 Advertisements
    • 413 63 Jm p", V '>• jM '*f. ll ll ent r a I </ TM3OBr-19 tm wl "1 A xV UJ' C Freehold Central Market OIH c Easy access to anywhere in Klang Valley via KL Sentral B 10-foot high ceilings P Internet and Satellite TV ready Advanced security features with
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  • Page 64 Advertisements
    • 140 64 SYDNEY APARTMENTS gpp§J3 ■i-mrv—' ,«tf.>. < -A. 10% deposit from S32.500 y^^ 00t0000t l no further payment till end 2005) 6% rental guarantee tj^PI THE TIME TO ACT IS NOW! Contemporary Loft Design For The Young Professional SPECIAL COCKTAIL PREVIEW~ I qo/ D a by independent I Venue The Grand
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  • Page 65 Advertisements
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  • Page 66 Advertisements
    • 46 66 4-r-' m a niche in the property consultancy industry Orange Tee Head Office: 6 Lock Road #02-00 Singapore *****4 Tel: (65) 6471 -8888 Fax: (65) 6471 -0033 Town Office: 21 Cuscaden Road #82-01/02 Mine Arcade Singapore *****0 Tel: (65) 6738-0660 Fax: (65) 6737-0660 www. orangetee. com
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