The Business Times, 24 September 2004

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Total Pages: 37
1 38 The Business Times
  • 14 1 THE BUSINESS TIMES MITA (P) 023/03/2004 SINGAPORE dbmr online at http://business-times.asial.com.sg Friday, September 24,2004
    14 words
  • 468 1  -  Analysts upbeat about move but companies are less enthusiastic By JOYCE KOH [SINGAPORE] Listed companies from Singapore, Thailand and Malaysia may soon find it easier to list on one another's stock exchanges. "We will raise the issue during the Asean Finance Ministers Meeting
    468 words
  • 433 1  -  By KALPANA RASHIWALA [SINGAPORE] Golden Village will hold all its movie previews and premieres exclusively at a 15-screen cineplex it will open at the new mall at Harbour Front Precinct in 2006. And landlord Mapletree Investments which roped in kung fu
    CHRIS LOH  -  433 words
  • 47 1 TOP STORIES ...PG 2-3 COMPANIES. PG 4-10 S'PORE PG 11-12 ECONOMY PG 13 M'SIA PG 15-16 CHINA PG 17 INDIA PG 18 ASIA-PAC PG 19 WORLD PG 20-21 AVIATION PG 22 SHIPPING PG 24 EDITORIAL PG 26 LETTERS PG 27 STOCKS PG 28-29 LIFESTYLE ...PG 34-38
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  • 134 1 sn 1,988.64 (-4.91) ST INDEX FUTURES 1.980.00 (-10.00) SIMSCI 239.19 (-0.53) SIMSO FUTURES 238.20 (-0.90) MARKETS Thursday Change KLSECOMP 852.89 -3.41 NIKKEI 225 closed HANG SENG 13,280.43 +8.20 SET INDEX 648.80 -14.71 JAKARTA COMP 816.76 -1.46 MANILA COMP 1,742.56 +14.68 SEOUL COMP 829.68 -5.42 SHENZHEN 8 252.81 +8.54
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  • TOP STORIES
    • 499 2  -  From next year, new harbour craft licences will only be issued for double-hulled tankers By GEORGE JOSEPH [SINGAPORE] Singapore will impose new rules on ship-fuel tankers and phase out ageing vessels in line with international regulations. To help maintain the island's position as the
      499 words
    • 733 2 VDH sues Rotol for alleged breach of contract VAN Der Horst Engineering has sued listed Rotol Singapore for the return of a $100,000 deposit and damages amounting to $150,000 for allegedly breaching an agreement. Besides the money, it also wants to back out of a deal in which
      733 words
    • 544 2  -  Vivo City likely to yield 8% based on $880m project cost By KALPANA RASHIWALA [SINGAPORE] Mapletree Investments expects to generate about $100 million gross rental revenue each year from the new mall it is developing at the HarbourFront precinct. This should translate to
      544 words
    • 531 3  -  New body to be funded by contributions from industry players By GENEVIEVE CUA [SINGAPORE] A new integrated dispute resolution scheme will be set up for the insurance and banking industries, the Investment Management Association of Singapore (IMAS) chairman Daniel Chan said yesterday. The
      CHRIS LOH  -  531 words
    • 366 3  -  By GENEVIEVE CUA [SINGAPORE] Remuneration structures based largely on sales targets remain a key reason for mis-selling in the financial advisory industry, Monetary Authority of Singapore assistant managing director Shane Tregillis said yesterday. This is the second time this year that
      366 words
    • 265 3 Early birds get free Delifrance breakfast; more treats on the way [SINGAPORE] Two thousand copies of The Business Times were snapped up in about 90 minutes at Raffles Courtyard yesterday morning. And the lucky buyers were rewarded with a breakfast feast
      265 words
  • Page 2 Advertisements
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  • COMPANY NEWS
    • 425 4  -  VDH Engg cites breach of conditions by Rotol, seeks return of deposit and damages By VEN SREENIVASAN VAN Der Horst Engineering Pte Ltd has lodged a writ against Rotol Singapore to pull out of a deal to buy a
      425 words
    • 522 4  -  By JOYCE KOH MARKET watchers say the new fees to get Malaysian stock quotes over the Internet will add to trading costs, but will not threaten the proposed joint trading platform between Singapore and Malaysia. Many say the extra charges are only
      522 words
    • 494 4  -  HOCK LOCK SIEW By R SIVANITHY IN a little over two weeks' time, construction company Koh Brothers' warrants will come to the end of their five-year life. A month later, Acma's warrants will also expire. In both cases, holders are highly unlikely to convert
      494 words
    • 493 4  -  By JEAN CHUA THIS busy month for initial public offerings saw another two preliminary prospectuses lodged yesterday from China-based Automated Touchstone Machines and from Advance SCT, both aiming for a spot on Sesdaq. Automated Touchstone Machines, a maker of automated teller machines, also
      493 words
    • 571 6  -  Skandinaviska Enskilda Banken, Mizuho Corporate Bank aim to recover US$33m By SIOW LI SEN AS expected, two more banks yesterday sued Asia Pacific Breweries to try and recover money that had been stolen by the brewer's former finance manager in Singapore's biggest fraud
      571 words
    • 280 6 SHARES of recently listed Daka Designs dived 8.3 per cent yesterday to their lowest close ever after the company warned of lower profits in the half-year ending Sept 30, 2004. Daka shares finished at 11 cents yesterday, down one cent from the day before
      280 words
    • 683 6  -  Reports by KENNETH LIM APPLE concentrate maker New Lakeside said that it could not warn investors of its surprise half-time loss before announcing its results on Tuesday last week because the loss was discovered only four days earlier on a Friday.
      AFP; Source: Bloomberg  -  683 words
    • 503 8  -  126m renminbi purchase pushes its China presence past 10,000 units Reports by VINCE CHONG in Shanghai CAPITALAND has acquired another residential site in Shanghai, for 126 million renminbi (Ss26 million), taking its home market presence in China to over 10,000 units. This will help maintain
      503 words
    • 536 8 ASCOTT Holdings intends to import its European service residence brand Citadines into Asia "very soon", to tap the growing middle-executive market. While its focus will lie in the secondary cities, Citadines will be first brought into the key markets to create brand awareness,
      536 words
    • 175 8 Reuters TWO bonds worth $150 million for Parkway Holdings Ltd, South-east Asia's largest-listed private hospital company, have been priced, debt market newsletter Basis Point reported yesterday. The lead managers, Citigroup and Standard Chartered Bank, have set a semi-annual coupon of 2.45 per cent on
      Reuters  -  175 words
    • 34 8 UNIT TRUSTS FUNDS LEGEND:All prices are indicative;Broadly Diversified; Narowly Focused;$ 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
    • 241 9  -  Company says JV negotiations on; announcement likely today By JEAN CHUA SHARES of Sesdaq-listed China EnerSave jumped 12.5 per cent to close at 18 cents yesterday ahead of a corporate announcement today. Pending the release of the announcement, China EnerSave has requested
      Source: Bloomberg  -  241 words
    • COMPANY BRIEFS
      • 118 9 AN indirect associated company of Sesdaq-listed Advanced Systems Automation (ASA) has entered into an agreement with Malaysia-listed Unisem (M) Bhd to establish a joint venture involved in wafer bumping and packaging of semiconductor devices. The joint venture, Unisem-Advanpack Technologies Sdn Bhd (UAT), will use
        118 words
      • 152 9 LISTED kl Ventures said that Hurricane Ivan (above) passed within 32km of K-Mc Venture I LLC Main Pass 299 oil production facility in which it has a majority share on Sept 16 without inflicting substantial surface damage. However, oil production at Main Pass 299
        152 words
      • 84 9 MAINBOARD-LISTED Europtronic Group, a manufacturer and distributor of active and passive electronic components, announced that it will offer a special dividend payout of 1.5 cents per share to its shareholders, which represents a 4.4 per cent yield based on yesterday's market closing price of 34
        84 words
      • 59 9 DIVERSIFIED group Lindeteves-Jacoberg said it has sold its entire 59.5 per cent stake in Chinese joint venture company Dalian Brook Crompton (DBC) for 54.7 million yuan (Ssl 1.2 million), giving Lindeteves-Jacoberg an expected gain on disposal of 37.6 million yuan. The deal is part
        59 words
    • 383 9  -  Awards enable it to expand into the aviation industry By VEN SREENIVASAN HAVING sewn up a significant market share in auto interior leather upholstery, Jackspeed Corporation is now moving into leather wrapping of aircraft seats. The mainboard-listed group's wholly owned subsidiary, Jackspeed Aviation
      383 words
    • 307 9 SUNRIGHT Ltd has returned to the black with a net profit of $5.2 million for its financial year ended July 31, from a loss of $3.3 million previously. Group turnover, which includes a $36.4 million share of revenue from associated companies, grew
      307 words
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    • 897 6 ROBINSON AND COMPANY, LIMITED (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an EXTRAORDINARY GENERAL MEETING of the Company will be held at Hotel Phoenix, Phoenix Garden Room, Basement Level, 277 Orchard Road, Singapore *****8 on 19 October 2004 at 11.15 am
      897 words

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  • SINGAPORE MARKETS
    • 503 10  -  STOCKS Blue chips hit, but oil-linked counters benefit from worries that crude price may top US$50 per barrel R SIVANITHY Senior Correspondent OIL prices haven't figured in daily trading for about a fortnight but they gushed to the surface in yesterday's session. An upward
      Source: Bloomberg  -  503 words
    • Article, Illustration
      1009 10  -  Compiled by KENNETH LIM Surface Mount Technology S«pt 23 dose: 90 cents DBS ViCKERS RESEARCH. Sept 23 BUY SMT continues to expand its capacity to ease its current capacity constraint. This is on the back of rising orders from existing and new customers as well as the recent
      Source: Bloomberg  -  1,009 words
    • Article, Illustration
      425 10 OTHER SINGAPORE INDICES Sep 23 VALUE CLOSE BT OB/OS 145.00 -53.00 BT CADI -*****.00 -52.00 BT 10-day MA -*****.00 +15.00 All-SG Equities 518.02 -1.68 SG Equities Elect 157.27 -1.18 SG Equities Fin 1614.96 +2.02 SG Equities Prop 480.71 -2.23 SIMSCI 239.19 -0.53 SiMSCI Futures 238.20 -0.90 MOST ACTIVE STOCKS VOLUME
      425 words
    • 516 10  -  CURRENCIES LARRY WEE Senior Correspondent THE high-yielding Antipodean pair once again emerged as the darlings of currency markets in Asian trading yesterday, posting their strongest gains versus the Japanese yen as oil prices surged anew in overnight trading. The Australian and New Zealand
      Source: Reuters  -  516 words
    • TRADES TO WATCH
      • 97 10 EZYHEALTH Asia Pacific managing director and chief executive Sin Keng Choo bought 5.8 million shares yesterday and raised her stake to 25.97 per cent from 23.74 per cent. Ms Sin bought five million of those shares at five cents apiece and 847,953 shares at
        97 words
      • 91 10 HORIZON Education and Technologies founder and president Faisal Alsagoff has assigned one million shares as security to meet debt obligations. Mr Alsagoff s stake was pared to 3.52 per cent from 3.71 per cent as a result of the assignment. Horizon, which provides e-business
        91 words
      • 70 10 Fund sells 500 000 Goodpack shares 0, WBcW Investments, a fund related to venture fund manager OCBC, Wearnes Walden Management, sold 500,000 shares of Goodpack on the open market on Tuesday at about $1.05 apiece. 0, W&W's shareholding in the bulk container specialist now stands at 5.14 per centfrom 5.26
        70 words
      • 82 10 ACCORD Customer Care Solutions (ACCS) managing director and chief executive Victor Tan exercised 1.4 million share options at 40 cents apiece on Tuesday, raising his shareholding to 6.55 per cent from 6.4 per cent. The newly converted shares are already in the money with
        82 words
      • 110 10  -  Compiled by KENNETH LIM METAL Component Engineering founder and substantial shareholder Lim Jung Gek sold two million shares in a married deal to Tan Soo Yong, the precision metal stamper's China business unit manager. The share transfer, at 15 cents apiece, is part of
        110 words

  • SINGAPORE NEWS
    • 380 11  -  Figure exceeds 600 as more investment grade properties are put up for sale By NANDE KHIN THE number of repossessed properties put up for auction rose to a historic high in the third quarter, according to property consultancies Colliers International and Jones
      380 words
    • 528 11  -  By NANDE KHIN MORE consumer products may soon bear the "Designed in Singapore" label as the Economic Development Board yesterday revealed plans to promote the local industrial design sector. EDB chairman Teo Ming Kian unveiled three strategies to "power the industrial sector". "First, we
      TAN SUAN ANN/ST  -  528 words
    • 288 11  -  By CHUANG PECK MING RATHER than fight outsourcing, it would be more productive to turn it to Singapore's advantage and provide jobs, Lim Swee Say, who is slated to be the next labour chief, said yesterday. Reacting to the latest job
      288 words
    • 358 12  -  This follows more de-registrations than expected in January-August By DANIEL BUENAS THE monthly COE quota for all vehicles except motorcycles has been increased for the next six months, after more de-registrations than expected in the first eight months of this year. Following its
      SIN CHEW DAILY  -  358 words
    • 435 12  -  By CHUANG PECK MING CHARITY organisations may have to make public their top executives' pay as part of a move to improve the governance and transparency of these public fund-raising institutions. A government panel has. among other things, proposed to make all
      435 words
    • 217 12 THE consumer price index (CPI) for August rose 1.6 per cent year on year, according to the Department of Statistics yesterday. Prices across the board have moved up, with the exception of housing and clothing. Housing costs fell 0.4 per cent, while clothing
      217 words
    • SINGAPORE ROUNDUP
      • 76 12 THE Singapore High Commission in New Delhi will be temporarily relocated to allow reconstruction works to be carried out, the Ministry of Foreign Affairs said yesterday. The commission will move from its location at the Chancery complex in Chanakyapuri to N-88. Panchsheel
        76 words
      • 73 12 THE Singapore International Arbitration Centre (SIAQ has appointed Goh Joon Seng as its director and chairman with effect from Oct 1. He will oversee the strategic direction of the SIAC and enhance its role in the development of international arbitration in Singapore. Mr Goh is a
        73 words
      • 57 12 THE International Association for Exhibition Management has opened its Asia-Pacific office in Singapore. The outfit provides educational and networking programmes to professional show organisers. The Singapore Tourism Board sees the move as a step forward for the Republic in its goal to become a
        57 words
      • 49 12 THE American Chamber of Commerce in Singapore (Amcham) has accepted a golf tournament challenge from the European Chamber of Commerce. The competition, which is Singapore's version of the Ryder Cup tournament, will be played at the Orchid Country Club on Nov 24.
        49 words
  • Page 11 Advertisements
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  • Page 12 Advertisements
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  • ECONOMY WATCH
    • 603 13 New govt also urged to step up efforts to overhaul banking system Bloomberg [JAKARTA] Indonesia's next president will need to boost investment and step up efforts to overhaul the country's banks to spur economic growth and cut unemployment, an International Monetary Fund
      Bloomberg  -  603 words
    • 702 13 Bloomberg [WASHINGTON] India's Prime Minister Manmohan Singh said pushing up interest rates isn't the right way tq slow inflation that's accelerated to a 3'/ 2 year record recently, and described asset sales as no "panacea" for the economy of the world's second mostpopulous
      Bloomberg; REUTERS  -  702 words
    • 223 13 Reuters [BEIJING] Actual foreign direct investment in China is expected to surpass US$6O billion this year, compared with U5553.5 billion in 2003, the official Xinhua news agency said, citing a Commerce Ministry forecast. "The measures China has taken to regulate its economy
      Reuters  -  223 words
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  • Page 14 Advertisements
    • 319 14 Congratulations to y' V'' '■>■ l-v- t I 1 -v Dato 1 SJ Wong r 7 r V/ce Chairman and CEO of Softbank Investment International (Strategic) Ltd. Executive Co-Chairman of E2-Capltal (Holdings) Limited on being conferred the title ■11 DlMP(Darjah Indera Mahkota Pahang) I V B' "Knight Companion of the
      319 words

  • MALAYSIA COMPANIES
    • 448 15  -  Maxims is its first foreign casino acquisition in recent years By EDDIE TOH in Kuala Lumpur MALAYSIAN casino operator Genting which could lose a lot of customers if Singapore goes ahead with a casino has acquired its first foreign casino in recent years. Genting
      448 words
    • 327 15 [KUALA LUMPUR] Gula Perak Bhd plans to resume several of its property projects with a gross development value of RMBSO million (***** million) to enable the company to return to profitability in the current financial year ending March 31, 2005, The F.dge reported
      327 words
    • 306 15 Bernama [KUAI.A LUMPUR] Henry Goh Co Sdn Bhd, a Malaysian intellectual property (IP) consulting firm, is to set up an office in Beijing to take advantage of the expanding IP business in China, it was announced yesterday. "A lot of things are
      Bernama  -  306 words
    • 351 15 Syed Mokhtar loses out despite raising his offer Reuters IKUAI.A lAJMPURI A consortium led by unlisted auto firm Naza group has won the bidding for a 15.8 per cent stake in Malaysia's motor and financial group DRB-Hicom, a report said yesterday. The
      Reuters  -  351 words
  • Page 15 Advertisements
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  • MALAYSIA/INDONESIA
    • 479 16  -  It stresses the need to be firm with members who tarnish its name By EDDIE TOH in Kuala Lumpur LEADERS of United Malays National Organisation (Umno) closed ranks and continued to treat former party strongman Anwar Ibrahim as persona non grata
      AP  -  479 words
    • 4 16
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    • 481 16 Reuters (JAKARTA! Bogasari Flour Mills, the world's biggest flour mill controlled by Indofood, looks set for a successful initial public offering to raise funds that will help ease the debts of the parent company. Franciscus Welirang, Indofood's vice-president director. had said earlier
      Reuters  -  481 words
    • 259 16 AP [KUALA LUMPUR] Malaysian Veterinary workers found two new cases of bird flu yesterday in the quarantined northern state that has resisted intensive eradication efforts since the disease erupted in Malaysia five weeks ago. Inspectors discovered bird flu in a total
      AP  -  259 words
    • 398 16 Bloomberg [JAKARTA] PT Bank Mandiri, Indonesia's biggest lender by assets, expects higher profit this year as consumers spend more following peaceful parliamentary and presidential elections, its chief financial officer said. The bank's business is "obviously very dependent on consumer and business confidence," Lee Kuan Keat
      Bloomberg  -  398 words
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  • GREATER CHINA
    • 450 17 Move could be prelude to full membership of the elite group Bloomberg [WASHINGTON] In recognition of its growing economic power, China will meet with the Group of 7 wealthiest nations for the first time next week in what could be a
      Bloomberg; BLOOMBERG  -  450 words
    • 340 17 Bloomberg [BEIJING] Bank of Communications, China's fifthlargest lender, may raise US$2 billion by selling a 20 per cent stake in an initial public offering (IPO), the first state-owned bank to offer shares outside the country, people familiar with the plan said.
      Bloomberg  -  340 words
    • 180 17 AFP [BEIJING] As China's financial markets are becoming increasingly sophisticated, so are criminals, who are using a variety of high-tech methods to commit fraud, state media reported yesterday. Authorities have cracked a total of 2,080 cases of crimes featuring credit cards, letters of credit and other
      AFP  -  180 words
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  • INDIA
    • 620 18  -  Govt predicts a 6-6.5% growth riding on strong fundamentals By AJOY SEN in New Delhi HALF-WAY through the current financial year ending March 31 2005, there is no political euphoria over India's economy as was evident this time around last year, but the
      620 words
    • 122 18 Bloomberg [NEW DELHI] Bharat Heavy Electricals Ltd, India's biggest power equipment maker, named A K Puri as its new chairman and managing director, the company said in an e-mailed statement. The term of the state-controlled company's previous chairman and managing director, K G Ramachandran,
      Bloomberg  -  122 words
    • 31 18 [NEWDELHI] Models displaying creations during the Bridal Asia 2004 show in New Delhi. Various Indian designers are showcasing bridal dresses of the subcontinent in the show. REUTERS
      REUTERS  -  31 words
  • Page 18 Advertisements
    • 1931 18 Notices kyodo-alued industries limited NOTICE IS HEREBY GIVEN that the Twentieth Annual General Meeting of the Company will be held at 17 Kian Teck Road, Singapore *****1 on Monday, 11 October 2004 at 4.30 p.m. to transact the following businesses: AS ORDINARY BUSINESS 1 To receive and adopt the Directors'
      1,931 words
    • 380 18 IN THE MATTER OF THE COMPANIES ACT. CAP. 50 AND IN THE MATTER OF WUFENG TRAVEL PTE LTD (In Members' Voluntary Liquidation) NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the members of the abovenamed Company duly convened and held at 371 Reach Road #02-27 Keypoint Singapore *****7 on
      380 words
    • 383 18 *d Yert sc 1800 339 8822 Email: notices@sph.com.sg ZZ Designed to Showcase Digital Television systems develop new applications. Complete with permit for Video on Demand (VOD) from Singapore MDA*. Easily upgradeable to full wireless DVB-T, DVB-H, satellite uplink or larger scale DVB system. Equipment Includes: Antenna. Continental Digital TV Transmitter,
      383 words
    • 405 18 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF REEMARK SINGAPORE EXCLUSIVE PRODUCTS AND SERVICES PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) NOTICE IS HEREBY GIVEN pursuant to Section 308( I) of the Companies Act, Cap. 50, that a Final Meeting of the Members of the
      405 words
    • 386 18 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF DAIDO ENGINEERING (SINGAPORE) PTE LTD (In Members' Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HERHBY GIVEN that pursuant to Section 308 of the Companies Act, Cap. 50, the Final Meeting of the Members of the
      386 words
    • 306 18 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SJ MANUFACTURING PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) NOTICE IS HEREBY GIVEN pursuant to Section 308( 1) of the Companies Act, Cap. 50, that a Final Meeting of the Members of the abovenamed Company will be
      306 words

  • ASIA-PACIFIC/WORLD
    • 461 19 Company settles fraud charges, agrees to enact accounting reforms Bloomberg [NEWARK, New Jersey] Former Computer Associates International Inc chief executive Sanjay Kumar was charged with directing a US$2.2 billion accounting fraud, and the company agreed to pay US$225 million to avoid prosecution and settle a regulatory
      Bloomberg  -  461 words
    • NOTEBOOK
      • 86 19 Reuters [FRANKFURT] German chipmaker Infineon opened a US$l billion memory-chip joint venture in China yesterday, advancing its growth strategy in the world's second-biggest market for personal computers. The joint-venture plant near Shanghai, where memory chips will be assembled and tested, will have a maximum
        Reuters  -  86 words
      • 91 19 AFP [HONG KONG] Hong Kong consumer prices in August rose 0.8 per cent from a year ago, consolidating the city's emergence from almost five years of deflation, government figures showed yesterday. The year-on-year rise in the Consumer Price Index followed a 0.9 per
        AFP  -  91 words
      • 100 19 Bloomberg [HONG KONG] Sun Hung Kai Properties Ltd, Hong Kong's biggest developer by market value, said fiill-year profit rose 9 per cent. Net income rose to HK$6.9 billion (Ssl.s billion), or HK$2.BB a share, for the year ended June 30 from a
        Bloomberg  -  100 words
      • 64 19 Bloomberg [KUALA LUMPUR] Malaysia will sell RMI billion (***** million) of seven-year Islamic bonds at an auction this month, according to the central bank. The bond will be sold on Sept 29 and issued on Sept 30, it said. The bond may
        Bloomberg  -  64 words
      • 109 19 AP [HONG KONG] Giving Hong Kong its first look at a Disneyland now under construction, executives yesterday showed off the mock castle that will be the centrepiece of the theme park targeting tourists from China. The Disneyland is not expected to open for another year,
        AP  -  109 words
    • 417 19 AFP [BANGKOK] Asian tourism has bounced back to an all-time high despite concerns over terrorism and outbreaks of the deadly bird flu virus, the Pacific Asia Travel Association (Pata) said yesterday. Pata director John Koldowski said tourist arrivals had risen 27 per cent over
      AFP  -  417 words
    • 499 19 Huge infrastructure projects also lift construction stocks Reuters [BANGKOK] A Thai government plan to spend nearly US$6O billion on infrastructure over the next five years is fuelling a craze for con-struction-related stocks and tempting a raft of small firms
      Reuters; AFP  -  499 words
    • 428 19 Reuters [WASHINGTON] Many large US companies, including one formerly headed by Treasury Secretary John Snow, managed to avoid corporate income taxes in one of the first three years of the Bush Administration, a study released on Wednesday said. "The sharp increase
      Reuters  -  428 words
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  • WORLD
    • 583 20/21 Earnings reports manipulated to meet targets and earn bonus, it says Reuters. AP [WASHINGTON] Fannie Mae used improper accounting to manipulate its quarterly earnings reports, regulators said, touching off the mortgage finance industry's second such controversy in less than 18 months. In a highly critical
      Reuters.; AP; BLOOMBERG  -  583 words
    • 509 20/21 LATEST US DATA But this is no sign of impending recession, says Conference Board AP. Bloomberg [NEW VORK] A closely watched measure of future economic activity fell in August for a third consecutive month, leflecting an uncertain clinate for both
      AP.; Bloomberg  -  509 words
    • 449 20/21 [NEW YORK! Warner Music is actively considering an initial public offering that could value the world's fourth largest music group at up to US$5 billion, the Financial Times reported yesterday. The company which was sold by Time Warner earlier this year to
      449 words
    • 488 20/21 Plan to outsource work to India, Sri Lanka angers union [LONDON] Insurer Norwich Union is to cut 7,000 jobs in Britain by 2007 as it attempts to reduce costs by outsourcing back office roles to India and Sri Lanka, according to a report in
      488 words
    • 248 20/21 Reuters [MOSCOW] Russian oil major Yukos' main production unit, Yuganskneftegaz, has been valued by investment bank Dresdner Kleinwort Wasserstein at US$l5-17 billion, Russian daily Vedomosti reported yesterday. Quoting a source close to Yukos, the newspaper reported that Dresdner had shared its findings
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  • Page 20/21 Advertisements
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  • AVIATION
    • 986 22 US should worry about how Boeing can restore its old glory, while Europe should mull how it can create more Airbuses Bloomberg THE script is so familiar, all the actors can no doubt recite their lines by heart. A US president complains about
      Bloomberg  -  986 words
    • 324 22 Airline cutting staff and starting more flights to India Bloomberg [SINGAPORE] SriLankan Airlines said earnings for the year ended March 31 almost doubled, after flying more passengers to neighbouring India and bringing more tourists to the South Asian island. Net income for the year rose to
      Bloomberg  -  324 words
    • 233 22 Bloomberg [SYDNEY] The Australian police are investigating a potentially explosive device that was found in the cargo hold of a Virgin Bhie plane at Sydney airport Baggage handlers called New South Wales state police to Sydney Airport at 1.15 pm on Sept 20,
      Bloomberg  -  233 words
    • LOG BOOK
      • 140 22 Bernama [PHUKET] Australian Airlines is testing the waters in Thailand's southern resort island of Phuket by introducing five direct charter flights from Sydney over the next two months, according to the Thai news agency (TNA). The airline is joining with Qantas Holidays to take passengers
        Bernama  -  140 words
      • 105 22 Reuters [FRANKFURT] Germany's Deutsche Lufthansa said it had to cancel some European flights and there were delays to services across its global network following a computer fault yesterday. Eight domestic German flights and four European services were scrapped and departures were delayed up to 90
        Reuters  -  105 words
    • 390 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 EVA
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  • Page 22 Advertisements
    • 311 22 f C Small and Medium Enterprises (SMEs) based on annual auditedftnanciah 1 CAM FOR SUBMISSION OF AUDITED FINANCIALS FOR RANKING Ranking Period: 1 June 2003 to 31 May 2004 Closing Date: 30 September 2004 To qualify for ranking, companies must satisfy the following criteria: For Singapore SME 500, in addition
      311 words

  • Page 23 Advertisements
    • 130 23 Holcim Swiss-based Holcim Group, one of the innovative solutions which encompass world's leading suppliers of cement, the latest in concrete technology. aggregates and ready-mix concrete with a presence in over 70 countries, is Holcim (Singapore) is committed to pleased to announce the formation of excellence in service and to create
      130 words

  • SHIPPING
    • 398 24 Maritime zone under watch includes Strait of Malacca AFP [LONDON] British-regis-tered ships are under orders to sail at heightened states of alert in a maritime zone that stretches from Gi-, braltar to the Philippines, the Lloyd's List shipping newspaper said. It said the
      AFP; FILE PHOTO  -  398 words
    • 392 24 Bloomberg [SINGAPORE] The cost of shipping crude oil from the Persian Gulf to Asia rose as oil companies and traders competed for a limited number of ships. Idemitsu Kosan Co, a Tokyo-based oil refiner, hired the Hyundai Banner to load about
      Bloomberg  -  392 words
    • 77 24 [HAMBURG] Workers prepare a propeller to be displayed at the Shipbuilding. Machinery and Marine Technology trade fair in Hamburg. Germany, on Wednesday. The propeller, which was made in Waren, northern Germany, weighs 103 tonnes, and with a diameter ofB m. is the biggest of its kind
      AP  -  77 words
    • 320 24 Bloomberg [SEOUL! Mitsui OSK Lines, Neptune Orient Lines and other shipping companies estimate costs on Asia-US trade routes will rise by at least 10 per cent next year because of congestion at ports in the United States. The shipping companies and their customers are
      Bloomberg  -  320 words
    • 234 24 SGX 'MO Sap 23 S> W- Val Z==±Si iSS Cocolmemwnt J0.99 0.04 ***** CWT Distribution 0.50 undj 29 Ezra Htdgi 1-06 0X0 216 Ffeiahtunks 010 undi 21 GSdB«*sV*t«. OJO undj 0 Java Hotdinas 0 96 0.04 ***** K?V«Tfc«~~ OJB 0.01 ***** K«ooeTcon> 7.70 0.25 5609 2!™J£Sn. --0-54 001
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    • 208 24 Bloomberg [MUMBAI] Bharati Shipyard Ltd. an Indian shipbuilder that makes vessels for Reliance industries Ltd, plans to raise 750 million rupees (5527.7 million) this year through an initial public offer to expand capacity. Bharati Shipyard aims to sell 12.5 miHion
      Bloomberg  -  208 words
    • 649 24  -  ADMIRALTY CASEBOOK By SELVA KUMAR THE erroneous arrest of an aircraft under an admiralty action does not make the entire proceeding a nullity. Instead, it could still be heard as a personal action in the same court, the New Zealand Court of Appeal ruled recently.
      649 words
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    • 920 24 tutl- )Hm ii IN THE MATTER OF THE COMPANIES ACT CHAPTER SO OH CHIN HAT AND COMPANY PRIVATE LIMITED (IN MEMBERS' VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of the Company convened and held at 9 Battery Road *15-00 Strain Trading Building, Singapore *****0, on 18 September 2004, the following
      920 words


  • EDITORIAL & OPINION
    • 523 26 EDITORIAL IF there was any doubt that the new Chinese leadership would take a hard line on Taiwan, it was erased this week. The ruling Chinese Communist Party ended its four-day meeting with a declaration that "solving the Taiwan issue and realising complete reunification of
      523 words
    • 1347 26  -  Consolidation among insurers has left them grappling with how to meld disparate IT systems RAM LAKSHMINARAYANAN INSURERS across the Asia-Pacific region face big decisions about dealing with core legacy systems, especially those they acquire. "Legacy" is the dirty word of corporate computing. It reeks of
      REUTERS  -  1,347 words
    • 762 26  -  THE BOTTOM LINE PAUL SAMUELSON Tribune Media Services International AS multiple hurricanes hit the US, we are reminded of the role luck plays in human affairs. President George W Bush's White House knows this well. A weak autumn
      Tribune Media Services International  -  762 words
    • 875 27  -  Tuesday's rate increase helps sustain a charade of a robust US economy By JAY HANCOCK LAT-WP ALAN Greenspan raised interest rates again on Tuesday, and the White House was probably thrilled. That's something you don't see every election year. Sitting presidents are famously worried, obsessed
      LAT-WP; REUTERS  -  875 words
    • 449 27  -  LETTERS TO THE EDITOR Leong Sze Hian Singapore I REFER to the article "Yesterday in Parliament: More flexibility on work schedules for employers" (BT, Sept 22). If 20 per cent of current pay is from overtime, giving you time-off instead of money
      449 words
    • 168 27  -  Alice Tan (Ms) Manager, Media Relations Land Transport Authority I WOULD like to thank Tan Kok Tim for his letter "LTA, make full use of electronic signboards" (Mailbag, Sept 22). Mr Tan suggested that the electronic signboards at roads leading to expressways be used to
      168 words
    • 250 27  -  Cynthia Young Singapore IN response to David Tuck's letter "Dam in Laos will aid development, help poor" (Mailbag, Sept 21), I would like to point out the following: The World Bank's recent evaluation report acknowledges the failure of large infrastructure development
      250 words

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    • 102 27 HAVE YOUR SAY Fax your letters to 6319-8277 or email them to btietterespliconLsg or write to: The Business Times, SPH Ha 1000 Toa Payoh North, Podium Level 3. Singapore3lB994. We need your full name, address and telephone number for verification. Mease use temperate language, and bear in mind IfoeJ laws.
      102 words
    • 851 27 WWW IN THE MATTER OF THE COMPANIES ACT (CAP. 50,1994 Ed) AND IN THE MATTER OF RHL PTE. LTD. (In Members' Voluntary Liquidation) NOTICE OF RESOLUTION At an Extraordinary General Meeting of the members of the abovenamed Company duly convened and held at 18 Cross Street #04-00, Marsh McLennan Centre,
      851 words
    • 758 27 IN THE MATTER Of THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF EELS CONSTRUCTION PTE LTD (Incorpartfed in Singapore) At on Extraordinary General Meeting of the obovenamed Company duly convened ond held at 1 Horbourfronl Avenue# 1801 Keppel Bay Tower 5(*****2| on the 15 SEP 2004 at 10.00
      758 words

  • 10150 28 STRAITS TIMES INDEX STOCKS twdmmw Wt Oom Change Uockmmt Wl Om Owe Allgreen 50c 0.32 1.140 *0.010 NOL 2.02 2.800 -0.010 BIL Intl US20c 0.46 0.975 *0005 OCBC 10.67 13.900 CapitaUnd 1.19 1.750 -0 020 Parkway H 25( 0.64 1.360 Chart SemtCond 26c 0.80 1.040 -0010 Ptopte't Food
    10,150 words

  • 2716 29 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES to fecal cmr to SS tollfl ««y ft %dy yi K rfy %yw S*f>22 Indm OMnq« Chn» Chang* Oiwn Change 0»H» WMMaMmiM) 7943 4* 24 0 07 49 14 WEWifc*«» 7306 -04 41 <4 U <1 13 BuMMw MM 33 45 12 4J
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  • Page 30 Advertisements
    • 1864 30 I TO USA/CANADA I EXPORT I I OTHER DESTINATIONS I fiOeaOYDSOOIHAMnDN «oT ?VW 72/09 I 08/10 ivio WO~ 13/10 13/10 14/10 I VOT In*Sl H WO I m I W STt 1 M I <M 00Q MMUO MM OUT 29/W I IS/10 21/10 21/1# 20/10 2V® 23/10 pH| gjj 2S/09
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    • 844 30 ItHTIfWVHft ICTVIfI r l was** mwb HBamw rw km k» m jp snumrwiuK/ii is 12 20/09 23/09 20/09 01/10 02/10 SIRMISVmUK/lI IS 12 01/10 04/10 10/10 12/10 siiahs vßnwt/n is u ivio ivjo 21/11 31/10 >2/11 rasa/wr"lmrom T NBamw Irw g nw t 1 ai 1 m wa w m
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  • Page 31 Advertisements
    • 869 31 For Schedules, BL Searches, and Container Tracking, visit on our Home Poge: www.hamburgsud.com H AMfHßYttlßmn lltfal Mkn (til t222-MW SAFtSMVKE(KPMT) to** HctW(6sl 6222-2M3 ■>«.» H"* W SIP"W W "TOT W Mmy Bvw 136W SSIo TI7TO EwrGowrnlosW TT7TT! 217T0 577TT W7TT TT7TT IWfr—»o4W» IS/10 27/10 118-117W IS/10 21/10 01/11 11/11 13/11
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    • 1250 31 rasa ¥oy sm jkt wSjowTnic m ws rasa vov sin jkt sub hkg usn pus HYUNDAI ItIDGE 083S 30/» 2/10 7/10 11/1013/1013/10 KMTCSTOtt 413S 26/9 29/9 30/9 5/10 f/10 10/10 HY WAMVOSTOK 14IS 7/10 9/10 14/10 16/10 11/10 20/10 20/10 KMTC SINGAPOtE 413S 24/9 29/9 30/9 5/10 9/10 9/10 HYrtO6KESS
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    • 909 31 m WEEKLY EXPRESS SAIUWG SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICQ POINTS VBSa VOT SW "mIANO IcOKMMO In. SUVA COLOMBO KWrgWHA YPWO4* I3SH- 15Sg lisg 21 Stf 24Sg INDHA 6ANDHI OOMW 20 Sg 22 SEP 25 SEP 28 SEP 0100 MMW 27SEP nSg 02OCT 05 00 01 OCT
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    • 1087 32 UjUf WALLENIUS WILHELMSEN website: http://www.2wglobol.com IK MAO HOP* WA MY Kt Off UK KW Ml TEXAS I AMI* 4201 m 6.4* I 01/10 24/10 OS/ll 10/11 11/11 15/11 13/11 17/11 07/11 UMBUNI AM2O 3201 m I 6.4 M I 16/10 09/11 11/11 25/11 M/ 11 01/12 29/11 03/12 22/11 TWO
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    • 1322 32 vssa m m m jossa m m. jd im urn u/ss— mmiiito? iw gas m— mum m* aza am jm aai_ rACIAHPA 1306N M/OJ M/W WMMTAM UftZ 2SU& Q2ZU CSH3OI 0034f M/M W/ttT" AUMIATAi W/10 _OSHg -QL23U Mw 7t/M M/M mum 13MM wot mm nfJtm ism n/tft at/yd rasa 3HH—
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    • 489 32 i BSA a. MYANMA HH five star une (My«MMr Natioad Um) Loedhg for Ym|m VISStt VOT SM Pitt Pl* PGU PAGAN 332W SIB HPA-AK 326W 26/09 IN MAUrSUL IOUSTIAD SHIPPING AGENCIES MIL 03-*****300 PKL 03-*****101 PEN: 04-*****02 fli ACCEPTIM COMVEiTIOiAL CBO NKG SM HG SM PGU PU NIC HON HURT
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  • Page 33 Advertisements
    • 849 33 (li is Kramt* B£ i £srK n I r CT-nterasia JUines 1******444/77 ft»*****33 j^t»7www.toiowi«fa«,. < SSSWF WANHAI3O7 5022 27/09 21/09 29/09 30/09 01/10 OS/JO 09/10 10/10 MOIETBBKTY Mil 01/10 031/10 07/10 11/10 11/10 12/10 13/10 14/10 MOIOASIS 5250 03/10 04/10 05/10 04/10 07/10 11/10 IS/10 17/10 MXIMGNOUA 00?N 05/10 IVIO
      849 words
    • 200 33 I IP T CAIIIEIS mil "T 6 Qg HOII6 MMIM 10/MFtt I li/MMN IT/MFjH WNON6 5<415 24/04 W 1 P/MMON I (ji/loSl BB aMMM 0»/1» IB 11/Ift MOM u7l»m m WTW CtfWM mwi WEIIIY FIIID DAY SAIIIRC SINSAPOti VIITNAM SINSAPORE in.f ii|a[a|gßfc AST a3 007 M 13/10 20/10 27/10 SJNOAPOM:
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    • 672 33 HMCC W* TB: tail JJ3 ML- *01-5171 I llbw llnirtyltl|l OBRWB SOVN2: TR: 6221-559* FAX: tn7-l1«0 I Msntin w inimFoic r ><■■« M *h.n« gas kbb Igaaglsal 4>57 U/l> 15/1> IWMMI3 Oil IW/W 105/1* IS HOIK ItHttllll n/I*l »/l* II W/l> J»/l>|lMMI W |4M7|H/H 1 11/1* NOW I WOT! I
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    • 719 33 UIIIMIMI 21M 25-24/W 01-03/10^^0/10| ■PSIJBI TIGER SKY 220N 28-29/09 OS 07/10 12-13/10 221N 03-04/10 09-11/10 17-11/10 1 I 1""" 272H 05-06/10 12-14/10 19-20/10 ■■■■IIGBIKAIL 223N 09-10/10 IS-17/10 23-24/10 1 neat s<r ***** 12-13/10 19-21/10 24-27/101 wnßrninWiSiUM u? M-79/09 inna/in it.i7/in HHMMACWEya 151 03-04/10 11-13/10 2122/10 ■U|I|LBTIGER SPIRIT 092 06-0//10 13-15/10
      719 words

  • executive lifestyle
    • 548 34  -  off the cuff jaime ee AM a charitable person. I am always thinking of needy people and how I can help ease their day-to-day hardships while springcleaning my junk uh, some of my almost new and occasionally branded belongings that I can't get rid of,
      548 words
    • 1128 34  -  More plays from India are making their way here, some of which have even found corporate sponsors. SANGEETHA MADHAVAN checks out the acts that the Indian expatriate community here is willing to pay top dollar for SANGEETHA MADHAVAN WITH talent from India filling up jobs in
      1,128 words
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  • LEISURE
    • 913 35  -  MUSIC KANNAN CHANDRAN finds out what drives Alicia Keys in her many pursuits KANNAN CHANDRAN ALICIA Keys' diary must fast be running out of space. Ever since her Grammy-winning debut, she's packed her life with a ceaseless parade of activities. And not just of the musical
      913 words
    • 538 35 BOOKS Time's Eye By Arthur C Clarke and Stephen Baxter Published by Orion 266 pages, $30.95 hardback Reviewed by AMU ROT CHOUDHURT COLLABORATIVE works don't always work, especially in science fiction and it's usually a good idea to avoid such books. Having said that, if
      538 words
  • Page 35 Advertisements
    • 138 35 Where to wine, dine and i nil 11 lin Winner of World Gourmet Summit Mart el Cognac Asian Ethnic Restaurant of the Year 2004 Scrumptious Sundays "Coastal Obsessions" Indulge in an unforgettable feast with the charming cuisines of Bangalore and Udipi. Take a walk through the coastal sanctuaries where the
      138 words
    • 156 35 Sensational Korean Favourttes Prepared by Masterchefs from Korea 9-26 September 2004 Something different to whet your palate this September... Cafe Plaza has lined up an array of Korean specialities as part of the Euro-Asian Buffet. Savour and enjoy dishes like Steamed Stuffed Mandarin Fish, Kim Chi, Fried Big Frog, Steamed
      156 words
    • 96 35 The Most Relaxed Dining In The Ctty Wok Grill is the perfect place to en)oy casual fare as you unwind In Its tranquil leafy courtyard of the Grand Plaza Parfcroyal. Promotion offer Enjoy free flow beer or Australian wine with our Chef s 3-course set menu. $68 per person. For
      96 words
    • 124 35 Captain's 7afrCe offers an unCimiteda (a EL4 carte buffet that wi(T surety tempt CU your tastehuds! feast on over 40 dishes of signature Shanghai deficacies. RAFFLES <|K>' M A I N A 10 Tim Wot Drive *****04 1W: 6(*****0 Kn: <MI 1020 «hoy»raffley~"~ Web Site: mmi hifflii—ri»mou^ ~1 MERITUS MANDARIN
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    • 13 35 WINE 9 tasting! n #02-02 TangHn Shopping Gantr* '*•**9— T«t. *****213 *****699 *****170
      13 words
  • Page 35 Miscellaneous
    • 185 35 CRYPTIC CROSSWORD anyway (4) p| 30 Abandon nasty pie, not proper--2 Customs of the American Mid- -> r die-West (4) 13 Senous Australian sexton? (5-6) Across: 1 Contemporary, 9 Tests Msnw ririnL- Hmoia\ 15 Space-man showed open- paper, 10 Haunt, 11 Anyhow, 12 mouthed wonder (5) SSfed. 13 Suffix. 15
      185 words

  • PASSION
    • 1028 36  -  M Hotel general manager John Roozemond talks to CORINNE KERK about his 14-year fascination with Oriental tea and its paraphernalia CORINNE KERK IT'S a slightly comical sight his big hands and chunky fingers holding onto the delicate handle of a small Chinese teapot.
      ARTHUR LEE  -  1,028 words
  • Page 36 Advertisements
    • 187 36 Mercedes-Benz "*"li i, *-*m>, u IV b .*.,-:<>» -l^ i v m ......y r, t t,J^; e^^^j^M^r^KjE^r i v*", •J'ffi'tWr.':- ;-V'; t' J $**?■'t'% We've always turned heads. The 5350 turns them even faster. .k\ v v'.'- 4" I With a powerful 3.7 litre, PRE-SAFE technology anticipates Rpdpfiniflp DPrfpftlOn ►This
      187 words

  • CULTURE/ARTS
    • 1326 37  -  PROFILE Felix Dennis, the wealthy founder of the raunchy men's magazine Maxim, has become a poet. ALEX KUCZYNSKI checks out his musings ALEX KUCZYNSKI NYT LOTS of people who give up a nasty crack cocaine habit and then almost die do something predictable, like find Jesus,
      NYT  -  1,326 words
    • 675 37  -  CINEMA By CHEAH UI-HOON ANYONE taking a snapshot of Malaysian life is bound to get a colourful one. Not something as neatly layered as kuih lapis however, but a jumbled-up mixture akin to rojak. And like a typical Malaysian rojak with unforgettable belachan sauce,
      675 words
    • 425 37  -  THEATRE By TAILA KRISHNAKUMAR RENOWNED Indian artist Shekhar Sen's one-man play Kabeer was an honest and moving depiction of the life of a revolutionary 15th century Indian reformist and poet and his quest to challenge a society rooted in religious and class
      425 words
    • 567 37  -  MUSICAL By CHEAH UI-HOON IF you're an Abba fan. Mamma Mia! is obviously a musical made for you. But even if you're not, it's a swinging good story with singalong tunes that's sheer hum-a-long, let-your-hair-down fan. And if you don't know the story
      567 words

  • 942 38  -  Making Time In this second part of our series on limited edition timepieces specially created to celebrate Sincere Fine Watches' 50th anniversary, LEELA SCHELLENBERGER looks at another 10 in the collection LEELA SCHELLENBERGER A FORTNIGHT ago. wo started on a series of limited edition timepieces spef cially
    942 words
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