The Business Times, 27 September 2004

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Total Pages: 38
1 38 The Business Times
  • 14 1 THE BUSINESS TIMES Monday, September 27,2004 SINGAPORE?" cents w online at http://business-times.asial.com.sg MITA(P) 023/03/2004
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  • 622 1  -  Meanwhile, Colin Powell seen to replace Wolfensohn as next World Bank chief By ANTHONY ROWLEY in Tokyo CHINA'S informal representation for the first time at the Group of Seven (G-7) finance ministers meeting in Washington later this week has raised speculation that
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  • 130 1 MARKETS Wttk Chge ST1 1973.46 -30.10 KISECOMP 855.32 -4.34 NIKKEI 225 *****.16 -187.33 HANG SENG *****.84 -158.09 SET INDEX 654.60 -14.13 JAKARTA COMP 819.82 +5.19 MANILA COMP ....1763.30 +81.95 TAIPEI TAIEX 5892.21 +73.82 SEOUL COMP 832.10. -16.01 SHENZHEN B 249.22 +6.56 AUSTALLORD 3635.60 -8.30 DOW JONES *****.24 -*****
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  • 43 1 TOP STORIES ...PG23 COMPANIES... PG 5-6 VIEWS PG 10*11 MARKETS PG 4,7 DINING OUT PG 8 SINGAPORE PG 9 ECONOMY PG 13 M'SIA/INDON.. PG 14 CHINA/INDIA ...PGIS WORLD PG 16 AVIATION PC 26 STOCKS PG 32-33 SHIPPING ....PG 28*31 BizlT PG 34-38
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  • 500 1  -  Joint centre being set up in India for construction disputes resolution By DANIEL BUENAS IN a move that may see more international arbitration cases coming to Singapore, the Singapore International Arbitration Centre (SIAC) plans to form alliances with foreign partners in the
    CHRIS LOH  -  500 words
  • Page 1 Advertisements
    • 132 1 Am SIAS INVESTORS' CHOICE AWARDS A special BT supplement that honours Singapore's most transparent companies pg 17-24 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. 8 Jffar Be
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    • 9 1 YOUNG INVESTORS' FORUM How to value a company PGI2
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    • 50 1 CASINO CURBS jMN^H| Restrictions on patrons will deter big operators from investing here PG2 BRINGING UP A m m DA DV dadY We ask top executives for their views on the baby package SMEstothefore Record infocomm spending by SMEs SMEs fuel printer boom Outsourcing and SMEs Commentary: Dotcom did it
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  • TOP STORIES
    • 539 2  -  Large-scale gaming companies won't invest substantial capital, they say By DANIEL BUENAS [SINGAPORE] One of the world's biggest casino operators has made it clear that a Singapore casino which comes with entry curbs will be a no-go for it. Mike Stirling, senior vice-president
      AP  -  539 words
    • 1017 2 Weighing the pros and cons, Alan Lim says a casino has no place here THE public debate surrounding the establishment of a casino in Singapore has gone on for a while. All eyes are now on the government. As 1 understand it, the government
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    • 418 2 Capita Land plans China retail fund CAPITALAND plans to launch a China retail fund by next year. Group president Liew Mun Leong sees Asia's share of global real estate fund investment rising to 15 per cent from 2 per cent now. COMPANY No shortage of directors, really THERE
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    • 733 3  -  BT exclusive Row between Gas Supply, PowerGas may prevent use of pipeline by Island By RONNIE LIM, TANG WENG FAI [SINGAPORE] A minor storm is brewing here over access to a gas pipeline bringing natural gas from Indonesia, with competition in the
      FILE PHOTO  -  733 words
    • 443 3  -  BT exclusive By TANG WENG FAI GLOBAL oil giant Royal Dutch/Shell may divest its stake in its power plant joint venture in Singapore with Malaysia's Sime Darby Group, industry insiders say. The joint venture. Island Power, is a $900 million venture
      BLOOMBERG  -  443 words
  • Page 2 Advertisements
    • 81 2 Chinese Paintings <m»> X .t. Xußeihong SIN HUA GALLERY (Founded 1980) 290 Orchard Road#os-29 Paragon Singapore *****9 Email: sinhuagallery@padfic.net.sg Fax: (65) 6737 4447 Incorporation services in all major jurisdictions Global network of offices Ready-made companies available Management and administration services China business registration Accounting and trade support services Virtual office
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    • 345 2 t Congratulations To Our GRADUATES Bachelor of Business Aw Men 9 Jo Lena Ng Peng Peng. Eunice Chan Hwei Min Ong Chop Chang Chew Nyuk Chin, Joanne Ong Siew Keng, Tricia Chia Kwee Tin, Jeannie Pang Cheng Tin Chin Chee Jwi, Alvin Phenk Li Shan, Valerie Goh Mia How Q
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  • Page 3 Advertisements
    • 77 3 ■'^58 fe A A chain. Whether it's documents, parcels, air or ocean freight, DHL is the one-stop shop for all your logistics needs. We pick up your shipment, get it smoothly through customs and straight to where it's needed without detours. For more details on the simplest way to the
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  • SINGAPORE MARKETS
    • 1103 4  -  TEH HOOI LING Senior Correspondent All our portfolios outperformed the Straits Times Index last week. Only one slid, but at a smaller percentage than the STL The one-year top losers portfolio advanced by 3.7 per cent, thanks to a large part to Esmart Holdings.
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    • 1585 4  -  INSIDE MARKETS The two most active firms this month are OCBC and IDT Holdings, observes ROBERT HALILI ROBERT HALILI THE trading was up on both the buying and selling sides with 71 transactions worth $33.9 million for the week ended Sept 24, 2004 versus the
      Figures indicate no of shares  -  1,585 words
    • 694 7  -  STOCKS R SIVANITHY Senior Correspondent IT must strike even the most casual stock market observer that the recent rally here was unlike previous rallies. On Sept 15, the Straits Times Index managed to cross the 2,000-point barrier for the first time in more
      FILE PHOTO  -  694 words
    • 1468 7 The stock recommendation is the average of all the recom- Number FORECAST Median mendations submitted by analysts following the stock. There RECOMMENDATION of &S PE Target is a total of 29 brokers submitting recommendations but not COMPANY Thb Week/last Weefc Estimates (S) (times) (S) every stock is followed
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    • 309 7 CURRENCIES [HONG KONG] Asian currencies weakened slightly against-the dollar following a US interest rate increase by the Federal Reserve, which indicated further rises were likely as the American economy regained traction. Japanese yen: The yen slipped against the dollar during the week after the US Federal
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    • 539 7 Paymaat Ei tab Pay lOti Ml 4m IttL AEM-EvertcdiSc I 0.13 15-fcp 20-S# 3»S» AEM-Evertech5c _w 0375 15-Sep 20-S*) 30 Sep Amtek Engq20c F 530 05-Nf* 1W*w 23-Nov Asptal Corp 20c I 1.00 30-S«p ISOot AuginoGrp2.5c F 0.7TE 12-Wo» IHtei 2Wk* Australand Prop Grp A4c nuMAI.6 2 8-Sep
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  • COMPANY NEWS
    • 710 5  -  It also hopes to boost real estate investment in Asia with more Reits By VINCE CHONG CAPITALAND plans to establish a China retail fund by next year as it gears up for more global fund participation in Asia. And this is
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    • 657 5  -  HOCK LOCK SIEW By WONG WEI KONG IS there really a shortage of suitably qualified people to serve as directors on the boards of listed companies here? Findings from the latest study on board practices in Singapore appear to suggest so. According
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    • 577 5  -  Its brand leadership has gained industry recognition, reports VEN SREENIVASAN VEN SREENIVASAN SINCERE Watch, which will pass the half century mark next month, has come a long way from its humble beginnings as a one-man watch counter in 1954. Today, it is one of Singapore's
      FILE PHOTO  -  577 words
    • 668 5  -  SkyWest shareholders seen skipping 1-for-3 rights issue VEN SREENIVASAN Senior Correspondent COULD the Sky West rights offer shoot down ASonic Aerospace's plans to build up a Pan-Asian low cost carrier (LCC) network with routes stretching from Australia to China? That is the
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    • 1099 6 They seek opportunities to acquire banks and other financial services companies in region LONG thought to be conservative compared with their multinational counterparts Citigroup, HSBC and Standard Chartered Bank, Singaporebased banking groups are beginning to strengthen their foothold in Malaysia and in
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    • 374 6  -  By JEAN CHUA GUANGDONG-based Fung Choi Printing and Packaging Group, which has roped in conglomerate Fraser Neave as a 33 per cent shareholder before its Singapore initial public offering, expects to benefit from the privatisation of China's publishing industry. The company, whose businesses are
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  • Page 5 Advertisements
    • 30 5 76 Bras Basah Road Singapore *****8 Tel: (65) 6338 8333 Fax: (65) 6339 6866 Email: roomreservations@carlton.com.sg www.carlton.com.sgwww.carlton-hotel.net A MEMBER OF CARLTON GROUP OF HOTELS AUCKLAND BRISBANE MELBOURNE PARRAMATTA SINGAPORE SYDNEY
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  • Page 6 Advertisements
    • 224 6 fyfa/ee ty/jb Gf Hi WfotiML :^^K wns Four Seasons Hotel Singapore coac l^e stress °f business day melt away. Be embraced by supreme comfort I A and quiet elegance, knowing your special needs will be met even before you ask. jy y For further soothing of body and soul, immerse
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    • 934 6 adv I NEW TOYO INTERNATIONAL HOLDINGS LTD 1 I TO: ALL HOLDERS OF WARRANTS TO SUBSCRIBE FOR NEW SHARES IN NEW TOYO INTERNATIONAL 1 HOLDINGS LTD (the "Company") fl THIS NOTICE IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. 1 fl If you are in any doubt as to the action
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  • Page 7 Advertisements
    • 85 7 WEEK AHEAP Events investors can watch out for Stratech's rights issue, ex-date, Sept 29 Poh Tiong Choon's dividend payment. Sept 27 Best World's dividend payment, Sept 28 Sembawang Kimtran's dividend payment, Sept 28 AEM-Evertech's dividend payment, Sept 30 People's Food's dividend payment, Sept 30 Stamford Tyres' dividend payment, Sept 30
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  • DINING OUT
    • 1178 8  -  For $30 and under, WILLIAM WHEY finds out what you can get WILLIAM WHEY APANESE food doesn't need to be I wallet-busting expensive. Japanese £< food also doesn't always mean I sushi and sashimi. And it's not alH ways so light and dainty that you get
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    • 708 8  -  By JAIME EE GO to a high-end Japanese restaurant and you can expect to pay up to $200 or even more, especially if you tell the chef to prepare his seasonal specials. But if you go at lunch time, even the most expensive restaurants
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  • Page 8 Advertisements
    • 82 8 pi n i a^pii Lk Jr. Where to wine, dine and entertain... b- Worid Exclusive Privileges Treats tfave aCC your I'dai favourites in our set menujrromo. "Enjoy a starter, a choice of 2 main dishes and dessert. All for only $18++ RAFFLES MARINA 10 Tuas West Drive *****04 Tel: 6861
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    • 3 8 rs»nt ft—»»«—» JEM!
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    • 37 8 operation hours -1230hrs to 1430hrs 1830hrs to 2230hrs closed for lunch on saturdays for reservations t 6333 1 788 e rongmahal@hind com sg w www.rangmahal.com.sg Pan Pacific Singapore Level 3 7 Raffles Boulevard Marino Square Singapore *****5
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    • 18 8 GREAT WINES direct I m ina I #02-02 TangNn Shopping Centre Orctwrd Porofc Mot«' Tel: *****213 *****699 *****170
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    • 64 8 MERITUS MANDARIN SINGAPORE l~ y-afc: 29 Aug 28 Sep 2004 Savour our splendid new mooncake creations of Romancing Mooncake and Black Sesame Walnut Mini Mooncake as well as our traditional signature favorites. Hotline 6831 6069 Fax: 6737 7334 MERTTUS MANDARIN A division of Overseas Union Enterprise Limited (Company Registration No
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  • SINGAPORE NEWS
    • 479 9  -  It wants M'sian supplies even after the current deal runs out in 2008 By RONNIE LIM DESPITE tying up fresh gas supplies from Indonesia late last year, No 1 local generator Senoko Power is looking at a new long-term deal across the
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    • 244 9 CHEERLEADERS for The Bull Run are gearing up for the race, even though they are not taking part in it. The SGX Cheer Team for The Bull Run 2004. consisting of 13 SGX scholars, has been practising since last
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  • Page 9 Advertisements
    • 241 9 EVENTS LISTING DATE/ TIME EVENT VENUE 26-29 Sept The First International SBE The Biopolis, Level 2 8:00 am Conference on Bioengineering and Nanotecnnology 2004 27 Sept Seminar on Latest Bomb- Seminar Room 11, ISEAS 3:oopm ing in Jakarta: Facts and 30 Heng Mui Keng TerPerceptions on Terrorism race, Pasir Panjang
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    • 249 9 I I I f E I I I I I' W I I I I I J- I I Pi I I \Br H I I 9 ■Jor I mm H I l I X I X I I X I ■Hf I I I mt I* I j <1M
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  • VIEWS FROM THE TOP
    • 3485 10 THIS WEEK'S TOPIC Do you think that more generous maternity benefits for employees, as recently proposed, are appropriate for Singapore at this time? How do you expect this to affect your company/organisation? LONGER maternity leave, lower maid levy and an enhanced baby bonus scheme were among the
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  • Page 10 Advertisements
    • 51 10 with m an atmosphere of informality and trust This 'dub' is a virtual one^ M jSAm i~ nnn ini n■l j mvite comments irom tnese top executives on various economic aid corporate issues Their views will then be published in this weekly i- .'V section, Views from the Top. <*
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  • Page 11 Advertisements

  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • 990 12  -  Now that we've gone through the basics of investing and what you can do with your money, let's look at something closer to the heart of most retail investors: how do you know which company's stock to invest in? By DANIEL BUENAS Billionaire and investment
      Graphics: BEN CRUZ  -  990 words
    • 881 12  -  CAMPUS LIFE CHIA T-CHIEN talks to a graduate about her overseas and local experiences CHIA T-CHIEN YOU have probably read numerous articles about students choosing to further their higher education at institutions located overseas such as the US, the UK and Australia. Spending the rest
      881 words
    • 283 12 PRIME Minister Lee Hsien Loong, in his maiden National Day Rally speech, championed the empowerment of youths. "Give them a say in their lives to make them feel they can make a difference,"
      283 words
    • 215 12  -  Robert Kiyosaki FANCY becoming the next Warren Buffett or George Soros? Or even the famous Robert Kiyosaki? Then read on. The Young Investors' Forum, part of the BT-Citibank Tertiary Outreach Programme, isn't another dry page out of your financial textbook. To complement our editorial content,
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  • Page 12 Advertisements
    • 46 12 citibank The Business Times-Citibank Young Investors' Forum is published every Monday in The Business Times. It aims to raise the financial awareness of university and polytechnic students and cultivate a better understanding of business issues. The series is part of BT and Citibank's tertiary outreach programme.
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  • ECONOMY WATCH
    • 409 13 Reuters [BUDAPEST] The euro zone economy is growing more strongly than expected a few months ago, European Central Bank vice-presi-dent Lucas Papademos said on Saturday, declaring himself more confident although risks from high oil prices remain. "I would say that on the whole
      Reuters  -  409 words
    • 294 13 Reuters [CHICAGO! The Manufacturers Alliance/MAPI says it expects global economic growth to slow slightly in the next year, due to volatile oil prices and uncertainty about the Chinese economy, and then rebound. "Positive fundamentals in the United States and Canada, along with a modest
      Reuters  -  294 words
    • 231 13 Reuters [MANILA] The Philippines, Asia's most active sovereign debt issuer, said yesterday its outstanding foreign debt fell 0.7 per cent to U5556.3 billion at the end of the first half, from U5556.7 billion at the end of the first quarter. "The decline in total debt
      Reuters  -  231 words
    • 843 13  -  WALL STREET INSIGHT ANDREW MARKS Q3 earnings will not interest investors unless oil prices retreat, reports ANDREW MARKS in New York THE third quarter may be nearing its close, bringing with it the beginning of an earnings season that will be notable as the first
      REUTERS FILE PHOTO  -  843 words
  • Page 13 Advertisements
    • 224 13 m t If DUO YUN XUAN ART AUCTIONEER'S Collection of Consignment for 2004 AUMTUMN AUCTION LOONG HUA ARTS CRAFTS PTE LTD CASH PURCHASE OF CHINESE PAINTINGS Date :24 Sep 2004 (Fri) to 27 Sep 2004 (Mon) Time :11am to 7pm Venue 290 Orchard Road #05-21 Paragon Tel 6736 3339,9767 0509
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    • 604 13 toll-free 1800 289«otl il>Wln»if IN THE TUtSI »T Originating Summons No. 1176 of 2004/ D In the Matter of VITRON ELECTRONICS •PTE LTD |RC No. *****0342N) Applicant! And In th« Matter of Sections 73 of the Companies Act, Chapter SO NOTICE IS HEREBY GIVEN that an Originating Summons has been
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    • 639 13 IN THE MATTER OF THE COMPANIES ACT CAP 50 AND IN THE MATTEK OF SILVERSTREAM II PTE LTD NOTICE OF RESOLUTIONS FOR MEMBERS' VOLUNTARY WINDING-UP (Pursuant to Section 290) At the Extraordinary General Meeting of the members of the above-named Company, duly convened and held at 16 Raffles Quay, #22-00
      639 words
    • 576 13 CH OFFSHORE LTTO (Incorporated in the Republic of Singapore) Co. Reg. No. *****0666 D NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the Shareholders of CH OFFSHORE LTD will be held on 20 October 2004 at The Board Room, 390, Jalan Ahmad Ibrahim,
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    • 196 13 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF MCI LAND (CHANGI 2) PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) NOTICE IS HEREBY GIVEN pursuont to Section 308( 1) of the Companies Act, Cop. 50, thot a Finol Meeting of the Members of the above named
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  • MALAYSIA/INDONESIA
    • 349 14 FP [JAKARTA] Indonesia's powerful military will bow out of politics for good after losing its reserved seats in the country's top legislative body, the armed forces chief promised yesterday. "For the future, we will really leave the arena of practical politics
      FP  -  349 words
    • 666 14  -  MALAYSIA INSIGHT Prime Minister Abdullah remains in charge despite cracks within Umno EDDIE TON KL Correspondent THE whole of Malaysia has undergone tremendous structural changes in the last six years but the dominant political party United Malays National Organisation (Umno) seems to
      AP  -  666 words
    • 455 14  -  New agency to be set up to monitor progress By EDDIE TOH I in Kuala Lumpur THE Malaysian government will set up an agency to monitor the economic progress of Malays to help ensure the predominant race attain the long-stated goal of
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    • 1443 14 The stock recommendation is the average of all the recom- Number FORECAST Median mendations submitted by analysts following the stock. There recommendation of EPS PE Taraet is a total of 29 brokers submitting recommendations but not COMPANY This Week/Last Week Estimates (S) (timet) every stock is followed
      1,443 words
  • Page 14 Advertisements
    • 59 14 I 3 Oyer 400 locations Worldwide 1 BMW n Ask us about Corporate, Individual or Group Instruction. Call Berlitz today 6733-7472 or visit www.berlltz.com 5 Lj 501 Orchard Road $05-03/04 Wheelock Place Singapore *****0 J ISv Ml QH T3ME I RTF##! I Lianhe Zaobao I Experts at I I investmenHalkl
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  • CHINA/INDIA
    • 614 15  -  Growing wealthy and middle classes splurging on high-ticket items By NEIL BEHRMANN in London SALES of luxury goods are taking off in Asia, especially China. From LVMH, Richemont and L'Oreal to BMW and Porsche, luxury product specialists are reporting a surge
      AP  -  614 words
    • 272 15 Bloomberg [TOßONTO] Noranda Inc, Canada's biggest mining company, began exclusive talks on a takeover proposal from China Minmetals Corp, a state-owned producer and trader seeking new sources of nickel, copper and zinc. China Minmetals would pay a "small premium" and spin off Noranda's aluminium
      Bloomberg  -  272 words
    • 353 15 AP [NEW DELHI] Thousands of airport workers across India have threatened to stay away from work today to protest the government's plans to privatise the country's two main airports in New Delhi and Bombay, the Civil Aviation Ministry has said. Meahwhile, the New
      AP  -  353 words
    • 597 15 But land prices are soaring and power cuts slow industrial devt AFP [HANGZHOU, China] Described by the intrepid 13th century traveller Marco Polo as the biggest city in the world, Hangzhou is now listed by Forbes magazine as the best destination in China
      AFP  -  597 words
  • Page 15 Advertisements
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  • ASIA-PACIFIC/WORLD
    • 570 16  -  Focus to be on privatising key parts of economy and raising foreign policy profile By ANTHONY ROWLEY in Tokyo JAPANESE prime minister Junichiro Koizumi is expected to announce a cabinet reshuffle today which will emphasise his priorities of privatising key parts of the economy and giving
      FILE PHOTO, AP  -  570 words
    • 839 16 NYT [ATLANTA] Like so much else in his life, E Neville Isdell's retirement was tightly planned, from where he would live to how he would spend his days. He started with a "mission strategy" written years before he stepped down after a
      NYT  -  839 words
    • 350 16 Tech slump has ended but pickup will be gradual: industry group Reuters [SAN FRANCISCO] The number of jobs in Silicon Valley will not recover to reach the level last seen in the Internet boom until 2010, a full decade after the dotcom
      Reuters  -  350 words
    • 702 16 LAT-WP [HOLLYWOOD] Marvin H Davis, an oil wildcatter who parlayed a long string of savvy business deals into a glamorous Hollywood lifestyle that once included owning the 20th Century Fox studio, died on Saturday at his Beverly Hills home. He was 79. Mr Davis,
      LAT-WP; SITRICK & CO/BLOOMBERG  -  702 words
  • Page 16 Miscellaneous
    • 201 16 CRYPTIC CROSSWORD oya DOWN sible from highest man in YESTERDAY'S SOLUTION 2 Thoughtlessly cruel desire to ,^T )eric f 7 w n Across: 1 Shoulder, 5 Lumber, 9 get on (6) 13 r^ U one in ten 10 12 Eloped. 3 Wild animal -it turned up and A men immersed
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  • SIAS INVESTORS' CHOICE AWARDS
    • 862 17  -  With the Investors' Choice Awards and the coming credit rating system, SIAS tries to level the playing field for the retail investor, says KENNETH LIM KENNETH LIM WITH a membership of about 60,000 in a growing financial hub, Securities Investors Association of Singapore (SIAS)
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    • 758 18  -  Analysts and fund managers have rated the Chinese firm highly for both its performance and disclosure standards, says WONG WEI KONG S WONG WEI KONG CHINA stocks aren't usually associated with high levels of transparency but then, mainboard-listed AsiaPharm Group isn't your typical Chinese listing. For
      FILE PHOTO  -  758 words
    • 1043 20 We reproduce below a speech by Singapore Exchange CEO Hsieh Fu Hua at the SIAS Investors' Choice awards ceremony last Friday night SINCE 1999, the Securities Investors Association of Singapore (SIAS) has played an active role in moulding a new corporate and investment culture in Singapore by
      FILE PHOTO  -  1,043 words
    • 1209 22  -  Being upfront with investors has paid off for DMX Technologies since its Sesdaq listing in end-2002. Two share placements later, and its share price is stronger than ever. Its CEO tells NANDE KHIN why NANDE KHIN is key in network integrate DMX Technologies Group's invests relations;
      ARTHUR LEE  -  1,209 words
    • 1340 23  -  A whistleblower programme is one of the best ways of uncovering fraud, says ETHAN ONG ETHAN ONG OCCUPATIONAL fraud and abuse is a widespread problem that affects all organisations, regardless of their size, location or industry. The Association for Certified Fraud Examiners (ACFE) is an
      AFP  -  1,340 words
    • Article, Illustration
      788 24 Open communication thrives at Baker Technology which turned around in FY03 after 6 years of losses. Its COO tells JOYCE KOH why transparency is even more important given its plans to expand THERE are 140 people in this family, where everybody is on a first-name basis, and the
      PHOTOS BY CHRIS LOH  -  788 words
  • Page 17 Advertisements
    • 46 17 Our Heartiest Congratulations to the Capita Land Group! CaP/taLafld CHOICE CHOICE CHOICE AWARD AWARD ciiftiiT 1.1,1, i h ,y 8 iiiihi iii PARIBAS Q DRS ES HSBC O 7 A THOMSON T IRC investment Af- 1 /UtJ GOH The world's local bank JPMOrgan 9|B UDO Bank
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  • Page 18 Advertisements
    • 118 18 t^Z^ 6 1H ■ij^H f J «W I/' iKI V^jjj ■K m W H m SJr Jl x, iS B. 'jMy|U| J Mfc*£i SffllHB With passion and total commitment, we strive to enhance the dining experience of food lovers FOOD JUNCTION by providing the best Food Junction Holdings Limited food
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    • 127 18 The character 'Sang', which means 'birth' or 'growth' in Cantonese, epitomises Eu Yan Sang's effort in making Traditional Chinese Medicine (TCM) relevant to today's modern lifestyle. From humble beginnings, Eu Yan Sang has grown to be a reputable leader of Chinese herbs and TCM in Asia. Today, it is a
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  • Page 19 Advertisements
    • 591 19 I SM& SECURITIES INVESTORS ASSOCIATION (SINGAPORE) I Securities Investors Association (Singapore) J Congratulates Winners of SIAS 5" 1 Investors' Choice Awards 2004 I i ;?j ?kl 'Alfi K»iwi ;/j hWiW/J :jTyT»T»FBH!WB^WI!^B I A This Event is Proudly Sponsored By IJJjj WESTCOIVIB I Hi FINANCIAL GROUP B The Most Transparent Company
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  • Page 20 Advertisements
    • 82 20 the seconk time it has been conferred this honour. dmshi- We thank SIAS and all our constituents. j Sacuflß— tiw—lot* At v>cl>Mon(Btag»pe Sf™~ 1 MOST TRANSPARENT V 7 j COMPANY AWARD j in China Aviation Oil (Singapore) Corporation Ltd I China Aviation 0« (S) Cwponrtkxi Ltd ft (jj 3 'a
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  • Page 21 Advertisements
    • 237 21 WE'RE PROVING OIL AND WATER MIX RATHER NICELY. ||H While conventional wisdom suggests that high growth is seldom found in mature markets, the people of Ezra Holdings are delighted to prove the exception. How? With unconventional thinking. For example, our subsidiary EMAS Offshore recognised that energy exploration and production is
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  • Page 22 Advertisements
    • 42 22 If we were any more transparent, we'd soon turn I Runner-up of The Most Transparent Company Award 2004 Non-Electronics and Manufacturing Category Presented by Securities Investors Association (Singapore) htllnternational I 11 Gul Cirde Singapore *****7 Tel: 6747 5050 Fax: 6747 8497 www.htlinternational.com
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  • Page 23 Advertisements
    • 78 23 Keppel BEST OF CLASS Keppel is committed to best-of-class corporate practices to preserve and enhance shareholders' value. GLOBAL PRESENCE From Azerbaijan to Brazil; from China to the United States; Keppel is where our customers are, leveraging our strong branding and network in 27 countries across the globe. FOCUSED BUSINESSES Keppel
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    • 66 23 Ascendas Real Estate Investment Trust's portfolio J J/tk Business/Science Parks The 'WM Alpha, The Aries, The Capricorn, The mm Gemini; Honeywell Building; Ultro Building; Hi-lech Industrial Facilities Techlink; Siemens Center; Light Techplace Techplace II; OSIM HQ Building; Ghim Li Building; Progen Building; Logistics and Distribution Centres IDS Logistics Corporate HQ;
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  • Page 25 Advertisements
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  • THE BUSINESS TIMES SHIPPING TIMES
    • 4005 25 ETA ETA AdMTtkar VhhI Voyagt Tttaphoo* ETA ETA A*)wtliw VMMl V*W Ttfaphom UN Dasfn Nam* Nmm Nwkv Numbw SIN OWn Mm Mmm NMtar -ix.s S $imm 888 >• mm mm® *****888 SS S 8 81 S' ■r ...r,.... >.,« -ww., 13/10 2*10 EurasiaP KMTC
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    • 124 26 NOTICE TO SHIPPERS CONSIGNEES OF SINGAPORE BRUNEI EAST MALAYSIA TRADE The following lines Operating the Singapore Brunei East Malaysia trade wish to advise shippers consignees that with effect from 15th October 2004, there will be a revision to Ocean Freight rates as per followings and seek your understanding in this
      124 words
  • AVIATION
    • 600 26  -  BT exclusive He says traditional network carriers will face tough choices By VEN SREENIVASAN [SINGAPORE] Traditional network carriers in Asia have some painful decisions to make in the wake of a proliferation of low-cost carriers (LCC) across the continent, according to Stelios Haji-loannou.
      CHRIS LOH  -  600 words
    • 713 26 [SINGAPORE] With three new budget airlines, plans for a low-cost airport terminal and the laying-off of hundreds of workers, nothing, it seems, is being spared in Singapore's efforts to remain a force in the region's increasingly competitive aviation industry. Aviation analysts said the
      AFP  -  713 words
    • 118 26 [SINGAPORE] Transport Minister Yeo Cheow Tong will lead a Singapore delegation to the general assembly of the International Civil Aviation Organisation (Icao), beginning in Montreal, Canada, tomorrow. At the assembly, its 35th triennial session, Singapore will seek re-election to its governing body, the 35member
      118 words
    • 256 26 Bloomberg [WASHINGTON] US Airways Group Inc. unable to win concessions from employees, asked a bankruptcy court judge to let it temporarily cut worker pay 23 per cent and reduce benefits to preserve cash needed for daily operations. The Arlington, Virginiabased airline
      Bloomberg  -  256 words
    • 269 26 Reuters [SAO JOSE DOS CAMPOS. Brazil] Brazilian regional jet maker Embraer said it was "very probable" a bankruptcy filing by US Airways would force it to cut its target for plane deliveries this year. "It is clear there will be an impact,
      Reuters  -  269 words
    • 1868 26 arr wkwt it* man np Curtail 5K973 1900 SK972 2155 MlllHl 8A7381 1840 0*wWl BA7381 1840 QfBI 1840 QF81 1840 Amsterdam ***** 0615 KL838 2255 P—— MI566 1920 MI566 0820 °?fl ***** 2345 D—, SQ407 0710 K356 1145 KL837 1450 IC857 1025 S0408 1850 Mkmm SQ348
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  • Page 27 Advertisements
    • 128 27 TAMER FAMILIARISATION For more details about our STCW courses, please visit our website: www.sma.sp.edu.sg or contact Ms Balvinder Kaur, Tel: 6772 1817 Fax: 6772 1958 E-mail: Bkaur@sp.edu.sg 1 1 <>'•> <>. v ~rx fp ;r t V> 1 i V JS > ✓>; V. 1 You will never lose your
      128 words
  • SHIPPING
    • 1080 27  -  Offshore sector boosted by rise in demand for rigs, infrastructure, service vessels By VEN SREENIVASAN [SINGAPORE] While tech, property and retail sectors have been riding a rollercoaster year amid rising oil prices and fluctuating demand, companies in the marine sector have been surfing
      FILE PHOTOS  -  1,080 words

  • Page 28 Advertisements
    • 2120 28 I TO USAfCANADA I i EXPORT 1 I OTHER DESTINATIONS I Ivissa |vot I f»6 TO AUBTIUUA (AUSTRALIA ASU EXPRESS) ODQNMGW (MHO OMIT 01/10 I 17/10 2VIO 24/10 21/10 22/10 25/10 > VCia VOT HA $Hi fK6 tK IW $TP MB AW 00Q HAMBURG 06C41 OMIT 04/10 I 22/10 21/10
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    • 834 28 IIMIMftHA IKHK? HffVKl vßsa/vor mukd" hbghtmo w ia sm *L_ STIAJTS VENTURE /11 IS 3.2 M/W 73/04 71/04 01/10 01/10 numvamiK/ii is u 02/10 04/10 10/10 11/10 STOUTS VENTURE/13 15 I 3J I 14/10 MO 11/10 74/10 74/10 tWHT AIUV/MNOAL iOKO iVI VKSa/VOY I NAMPffT) I HDOHTCU TO* KH PW
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      770 words
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    • 1195 30 Ufijlf WALLENIUS WILHELMSEN website http://www.2wgloboUoni MAO HOU# MIA SAV Mi ORE NT( NEW MOt TEXAS AMI* 4201 MS 4.4 M 02/10 24/10 03/11 10/11 11/11 15/11 13/11 17/11 07/11 TOM AMIO 4001 MS 4JM 04/10 10/11 13/11 12/11 14/11 TAMERLANE |AM 20 3201 MS 4.4 M 14/10 09/11 11/11 25/11
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    • 535 30 iBSA^ o MYANMA n FIVE STAR UNE (MffIMMT NIHOMI UM) Loadiag for Yaafm VISSEI VOY SIN Ptt PEN PGU PAGAN 332W SIS HPA-AN 326W 26/09 IN MALAYSIA: IOUSTEAD SHIPPING AGENCIES KUL 03-*****300 PKL 03-*****101 PEN: 04-*****02 iHHk ACCEPTING CONVENTIONAL CBO HKG SIN HKG SIN PGU PU KUC UON HEART 121
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    • 1319 31 /I S'pori Agents: lAI SUp*fc| Amkv (S) Pit ltd (CR NO: 16SM*****0Z)I cf-nletasia JLines umnmni 1 wlb^tl SUPER EXPRESS SERVICE TO HOWQ KONQ JAPAN I WAN HA1307 5022 27/09 28/09 29/09 30/09 01/10 05/10 09/10 10/10 MOL ETERNITY *011 01/10 OVIO 07/10 11/10 TTTTo 12/10 13/10 14/10 MOL OASIS 5251
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    • 746 31 U|i|BQHKO HBH|BllGaPtAr^2lW2Mr/s^orD3/^ ■PiffPl TIGER SKY 220N 28 29/09 05-07/10 1 2-13/10 I ■jUStfiglfl TIGER SEA 221N 03-04/10 09-11/10 17-11/10 1 HnmniiGERWAVE 222N 05-04/10 12-14/10 19-20/101 ■■■IB 11GER PEARL 223N 09 10/10 15-17/10 23-24/10 I TIGER SKY ***** 12-13/10 19-21/10 24-27/10 1 HHHWACHIEVER 158 03-04/10 11-13/10 21-22/10 I ■UUILaTIGER SPIRIT 092
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  • 10777 32 STRAITS TIMES INDEX STOCKS w*—m ww o— g—t s*>di m a— a—« Allgteen 50c 032 1.130 -0.010 NOL 2.03 2.790 -0.010 Btt. Intl US20c 0.46 0.975 OCBC 10.60 13.700 -0.200 CapitaLand 1.19 1.740 -0.010 Parkway H 25c 0.63 1330 -0.030 Chart SemiCond 26c 0.90 1.030 -0.010 People's Food
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  • 3132 33 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES la tocjt am k U h Ml «tfy y» dy %yt dy «yr »dw Chuflt Chang* Q>«n» Ownge Change Oan» WteMMdaPwawwy 7»» 01 1.4 -0.1 M 0.0 0.6 «£Aff PwfcninaY 72S4 -02 34 -05 09 -a4 1.4 Europe Prefcninary 9911 03 2.7 -0.1
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  • 892 33 COMMODITIES: WEEKLY ROUNDUP AFP [LONDON] World oil prices shot higher last week on news of a huge fall in US crude oil inventories blamed on Hurricane Ivan. Base and precious metals also enjoyed a good week, buoyed by falls in the value of the
    AFP  -  892 words

  • BizIT
    • 637 34  -  BT exclusive In S'pore, more SMEs are opting to buy multi-function and colour laser printers to replace their ageing inkjets. RAJU CHELLAM reports RAJU CHELLAM AN increase in printing efficiency coupled with a decline in end-us-er prices is fuelling a boom in
      637 words
    • 509 34  -  By RAJU CHELLAM IN the infocomm technology world, small is now big. SMEs (small and medium enterprises) are buying more solutions as a group than are large companies and MNCs. That's as true in the Asia-Pacific as it is worldwide. Infocomm spending
      509 words
    • 605 34  -  BT exclusive Vendors offer innovative, wide-ranging services to attract customers By AMIT ROY CHOUDHURY SINGAPOREAN small and medium enterprises (SMEs) are looking at outsourcing their information technology (IT) requirements to IT services companies like IBM, Hewlett-Packard and Sun Microsystems as they become more technologically
      AFP  -  605 words
    • 875 35  -  <you say> FRANK REPPEL M T Doesn't Matter.' This provocative stateI ment sticks out in any discussion these I days about the role of a chief information I officer (CIO). Nicholas G Carr, the much I talked-about author of a Harvard Business Review
      875 words
    • 572 35  -  Major IT players have been saying for years that SMEs matter; now they mean it <we say> KENNETH JAMES Technology Editor TALK to regional and country heads of major IT companies here, both multinational and homegrown, and one theme keeps cropping up: they're going after
      572 words
    • <what's up>
      • 92 35 Singapore Post and CBL Data Recovery Technologies, a provider of computer data recovery services, have launched Fast Track Data Recovery Service a service that provides data recovery from damaged equipment such as hard disk drives, servers, removable media, tape cartridges and flash memory. The
        92 words
      • 76 35 Global last-minute accommodation specialist Wotif.com is planning to enter the Asian online travel market with the establishment of its regional operations in Singapore. One of the top three online travel sites in Australia, the company offers lastminute accommodation deals at discounts of up to
        76 words
      • 65 35  -  Compiled by AMIT ROY CHOUDHUAY Motorola Electronics and JTC Corp were among the winners of the MIS Innovation Awards, announced in Singapore last week by IT management magazine, MIS Asia. 100 nominations from enterprises across Asia were submitted for this year's awards. Also launched at
        65 words
    • 917 36  -  &lt;cool stuff &gt; While the P910i is tempting AMIT ROY CHOUDHURY explains why he'll stick with his trusty Treo AMIT ROY CHOUDHURY A FEW weeks ago a colleague used this column to explain why many people are fans of the personal digital assistant (PDA)-cum-phone. Well, I
      917 words
    • 290 36  -  By RAJU CHELLAM US software giant Oracle Corp has just launched a new solution for SMEs (small and medium enterprises) at half the price it charges medium to large companies. The new packaged solution is targeted at companies that employ 50 to 500
      290 words
    • 304 36  -  By AMIT ROY CHOUDHURY IBM Singapore has announced a range of new services designed to meet the needs of small and medium enterprises (SMEs) and help them manage their business and Information Technology (IT) infrastructure. The offerings, which are outsourcing options for SMEs, have been
      304 words
    • <what's new>
      • 112 36 lOMEGA Corporation has the the new lomega Rev SCSI drive which is designed to replace entry level SCSI-based tape and other backup devices used with servers. The drive comes in both internal and external models. Included with each lomega REV SCSI drive is a
        112 words
      • 67 36 MICROSOFT has announced the availability of Microsoft Virtual Server 2005 software that enables one server to be used for multiple applications simultaneously. The software, available in a Standard Edition which supports up to four processors, is priced at US$499, and an Enterprise Edition, which supports
        67 words
      • 63 36 FUJI Xerox Singapore, has launched the Nuvera 100 and Nuvera 120 black-and-white digital production printers, as well as the Document Centre 286/236 and Document Centre 186/156 monochrome multifunction devices. The machines sport innovative features that offer benefits for printing houses and large enterprises as
        63 words
      • 64 36 BENQ has introduced its new MP3 player, the Joybee 180, which comes with exchangeable colour shells belts. The Joybee 180 comes with an OLED (Organic Light Emitting Display) display screen, has a memory capacity of 256 MB and can play for 14 hours
        64 words
      • 66 36 MAXTOR has introduced the new Maxtor One Touch II drive, the next generation of the company's external drive family that allows consumers to back up data. No special technical knowledge is required to set up the new drive. The drives will be available from next
        66 words
      • 79 36  -  Compiled by AMIT ROY CHOUDHURY FUJITSU Asia has unveiled the new fi-5650C low-volume production colour scanner for corporate customers. The scanner is the company's first-ever automatic document feeder (ADF) scanner in this product segment, with a 200-sheet ADF capacity. It captures both sides of
        79 words
    • BizIT FOCUS: MOBILE EXECUTIVE
      • 914 38  -  Despite the prevalence of personal mobile devices, organisations still have an ad hoc approach to enterprise mobility, as RAJU CHELLAM finds out RAJU CHELLAM Atypical sales person spends about 50 per cent of his or her time on non-oper-ational activities like travelling and waiting. While all
        AFP  -  914 words
  • Page 34 Advertisements
    • 116 34 HITACHI Inspire the Next so you You know what you're going to say, your message is clear, your objectives are set in concrete, you're ready for your all important presentation... but I is your display ready? Can your plasma monitor or projector render vivid, eye-catching images to your audience? Can
      116 words

  • Page 35 Advertisements
    • 191 35 x. I B i B(*A3 l I HI HP ■■■HHBHBi Copiers and Printers with ECOSYS Technology. Cost-efficient and environmentally-friendly. Kyocera's (pronounced as key-o-sarah) copiers and printers are famous throughout the world for their economical and environmentally-friendly performance, which stems from their unique long-life technology. This revolutionary technology is part of
      191 words

  • Page 36 Advertisements
    • 392 36 A total Security Solution proudly brought to you by: SHARP SHARP DATA SECURITY KIT be sharp FEAR FACTOR Your company's data is confidential. But when you print, fax, copy or scan, you store sensitive information in your digital multifunctional copier which can lead to data leakage. We dont often think
      392 words

  • Page 37 Advertisements
    • 169 37 increased productivity Citrix gave our 28,900 ;igi; I users. Until they reduced our internal IT costs by3s/(). Reiner Schmitt, IT Manager iiik IyUUSSI infrastructure for the on-demand enterprise As the recognized leader in providing collaborative business s °l ut ons or tyP es industries and for every major market, SAP
      169 words

  • Page 38 Advertisements
    • 554 38 These ultra-portable HP Compaq Business Notebooks are built to unwire your world. Like the HP Compaq Business Notebook nc6ooo. Designed to keep mobile professionals productive no matter where business takes them. That's because it comes loaded with Microsoft® Windows® XP Professional and packs the power I H p Compaq Business
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    • 21 38 This series is brought to you through an arrangement with w invent The HP Compaq Business Notebook Your trusted corporate companion
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