The Business Times, 5 October 2004

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Total Pages: 31
1 32 The Business Times
  • 14 1 THE BUSINESS TIMES SINGAPORE 85 cents online at http://business-timesasial.com.sg MITA(P) 023/03/2004 Tuesday, October 5,2004
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  • 511 1  -  14.4% return last year was way above gains made by any other group of investors By CHUANG PECK MING [SINGAPORE] Singapore investors in the United States enjoyed world-beating returns in the past two years, US Department of Commerce figures show. Singapore had US$2.9
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  • 134 1 STI 2,013.89 (+32.75) ST INDEX RUURES 2,037.00 (+55.00) SIMSCI 242.19 (+3.64) SIMSO FUTURES 242.70 (+2.40) MARKETS Monday Change KLSECOMP 865.07 +11.14 NIKKEI 225 11.279.63 +294.46 HANG SENG 13,359.25 +239.22 SET INDEX 679.13 +17.90 JAKARTA COMP 856.44 +20.54 MANILA COMP 1,851.60 +6435 SEOUL COMP 880.84 +34.83 SHENZHEN B dosed
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  • 47 1 TOP STORIES ...PG 2,3 COMPANIES... PG 4-7 MARKETS PG 8 SINGAPORE PG 10 ECONOMY PG 12 INDONESIA PG 15 INDIA PG 16 CHINA PG 17 WORLD PG 19 AVIATION PQ 20 SHIPPING PG 21 EDITORIAL PG 22 LETTERS PG 23 STOCKS PG 24-25 PROPERTY.. PG 30-32
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  • 756 1  -  Widespread optimism, Wall St rally fuel spurt By KENNETH LIM [SINGAPORE] Forget the Monday blues. After hesitating in the last two weeks of September, the Singapore bourse steamed ahead yesterday to almost a four-year high, riding on the momentum of US markets, positive semiconductor news
    Source: Bloomberg  -  756 words
  • Page 1 Advertisements
    • 7 1 i M'H s Sr-! 8 m i
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    • 44 1 NEW ERA FOR INDONESIA Indon shares surge after Susilo Bambang Yiidhoyono officially named winner pgis COMPANIES 'I don't want people to think I'm trying to make IPC a darling stock again' —ceo Patrick Ngiam CHINA'S ECONOMY How do you say chutzpah in Chinese? PG22
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    • 92 1 NEW CORPORATE F M PLAYER IN TOWN HK deal-maker emerges as a VpjS force in the local market PG6 %> H j L H|W. ft j'-^BB»wi||||6Bj^^^»^Bßß||HWll^HM^BMllg^^HMgMß^ fl® 1 tfXpJviTjr 2 "-sfsßL *§H X/" Breguet. La passion laisse des traces. w Man s Classique wristwatch in 18-carat yellow gold Self-winding movement
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  • TOP STORIES
    • 533 2  -  Poll shows S'pore manufacturers more cautious about outlook By ANNA TEO {SINGAPORE] The roller-coastef is now headed down. The purchasing managers' index (PMI) seems to have peaked in June and, while it still denotes expansion the pace of increase is slowing. After hitting a 44-month
      533 words
    • 570 2  -  By RONNIE LIM [SINGAPORE] More players here are looking to hedge oil through paper or derivative trades as the price hovers around a record US$5O a barrel in nervous conditions. "The volume of paper trades has gone up in the
      AP  -  570 words
    • 750 2 IPC moves into education and healthcare IPC, best remembered for the personal computer business, has invested in a private school and listed AsiaPharm. These investments are part of its plans to revive itself by developing education and healthcare as core businesses, chairman and CEO Patrick Ngiam tells BT
      750 words
    • 525 3  -  Private insurers can offer top-up schemes, they say By SIOW LI SEN scheme's long-term survival. "You know there was a push for the Central Provident Fund to privatise everything. But to provide simple basic health care for everybody, privatisation may not be
      FILE PHOTOS  -  525 words
    • 730 3  -  COMMENTARY S'poreans need scheme which keeps pace with medical inflation GENEVIEVE CUA Personal Finance Editor IF you've had the bad luck to be hospitalised recently, and tried to claim from MediShield, you may have been shocked at how little you could get back
      730 words
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  • COMPANY NEWS
    • 860 4  -  It will now develop education and healthcare as new core businesses By WONG WEI KONG STILL remembered by many as a per•sonal computer maker, IPC is now dejfeloping education and healthcare as ■*£ew core businesses, a move that will *tfeke the company further away
      CHRIS LOH  -  860 words
    • 526 4  -  By WONG WEI KONG AFTER hundreds of investors rushed to sell their Singapore Telecom shares last week ahead of the imminent closure of Singapore's only remaining authorised trading centre (ATC), the Singapore Exchange (SGX) yesterday announced special arrangements for SingTel shareholders without trading accounts
      526 words
    • 579 4  -  HOCK LOCK SIEW By R SIVANITHY ON Aug 20, a Deutsche Bank covered warrant on Neptune Orient Lines that had been issued at 23 cents sank to a historic low of three cents. Ten weeks later, and after a sudden surge in
      Source: Bloomberg  -  579 words
    • 371 5  -  Manila F&B group reported to be doing due diligence for 40% stake By VINCE CHONG THE Philippines' largest food beverage group, San Miguel Corp, has emerged as one of the possible bidders of an almost 40 per cent stake worth $290 million
      371 words
    • 414 5  -  By KENNETH LIM WITH the future of Teledata's current management team hanging in the balance, acting chief executive Roland Tan says that, contrary to dissenting director Quek Chek Lan's allegations, a controversial acquisition and joint-venture deal is receiving proper due diligence. Shareholders of the
      414 words
    • 218 5 IT is certainly a case of good partnership. About two months ago, law firm Wong Partnership rallied its network of clients and friends to demonstrate corporate philanthropy. Last night, their collective efforts saw them present a cheque of $174,333 to Singapore Exchange CEO Hsieh Fu
      CHRIS LOH  -  218 words
    • 834 6  -  BT exclusive He plans to acquire and restructure more small listed companies here By VEN SREENIVASAN CHAN Heng Fai is not a name which rings a bell within the Singapore business or financial community. It should. For Mr Chan, the chairman
      FILE PHOTO; AFP  -  834 words
    • 260 6  -  By JEAN CHUA MAINBOARD-LISTED Lankom Electronics yesterday announced a share consolidation and bonus issue, as it seeks to raise its profile among institutional investors and boost interest in its stock. The Taiwan-based manufacturer of electromagnetic components has proposed to consolidate every five shares
      260 words
    • 42 6 UNIT TRUSTS FUNDS LEGEND: AH prim are indicative; Broadly Drverwfied: Narrowly Focused; I 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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    • 578 7  -  BT exclusive A holistic approach to client coverage has resulted in huge Asian funding deals By SIOW LI SEN THANKS to reorganisation, Deutsche Bank has been winning Asian funding deals from Pakistan to Indonesia putting it neck-and-neck now with market leader Citigroup. And it's
      578 words
    • 279 7 ASCENDAS Real Estate Investment Trust (A-reit) yesterday said it bought four properties over the last month with a combined value of $56.5 million. The four properties, which provide an average property yield of 8.4 per cent, comprise Autron Building, SB Building, Steel Industries Building and
      279 words
    • 541 8  -  STOCKS Semiconductor counters like STATS ChipPAC and Chartered make a comeback, along with oil and gas plays R SIVANITHY Senior Correspondent THANKS to positive signals from Wall Street, strong showings in Japan and Hong Kong and a rise in the futures market for US benchmarks,
      Source: Bloomberg  -  541 words
    • Article, Illustration
      1059 8  -  Compiled by KENNETH LIM China Enersave Oct 4 dose 16.5 cmts DBS VICKERS RESEARCH, Oct 4 THE group recently announced that it has entered into a conditional joint-venture agreement to invest in a waste-to-energy (WTE) plant in China. This is the second WTE project that China Enersave is embarking
      Source: Bloomberg  -  1,059 words
    • 517 8  -  CURRENCIES LARRY WEE Senior Correspondent THE US dollar recovered off its worst levels of last Thursday and Friday in Asian trading yesterday, but it still ended the day on the wrong side of key technical supports broken last week. Stronger-than-expected US numbers late last
      Source: Reuters  -  517 words
    • TRADES TO WATCH
      • 93 8 AS shares in Neptune Orient Lines (NOL) surged last Friday, independent director Timothy James Rhein halved his stake of 0.01 per cent to 0.005 per cent, selling 75,000 shares at $2.92 each on the open market. Yesterday, he sold his remaining 77,343 shares at $2.95
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      • 65 8 HONG Kong-based fund management firm Value Partners and its co-founder, businessman Cheah Cheng Hye, saw their deemed stake in Pacific Andes Holdings rise to 10 per cent from 9.07 per cent on Wednesday last week after about 5.1 million shares were bought on
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      • 98 8 LIANG Huat Aluminium chairman and managing director Peter Tan Yong Kee has seen 1.8 million more of his shares sold on the open market by DBS Nominees to meet financial obligations. The shares were sold at 1.5 cents apiece on Sept 14,15
        98 words
      • 123 8 ACCORD Customer Care Solutions (ACCS) non-executive director Gay Chee Cheong bought 100,000 shares on the open market on Friday last week at 70 cents each, two days after his 2G Capital investment company sold nine million shares on the open market at about 72.1 cents
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      • 103 8  -  Compiled by KENNETH LIM GARY Winnick, who was once chairman of Global Crossing and a board member of K1 Ventures, is no longer a deemed substantial shareholder of K1 Ventures after 12.4 million shares held by GKW Unified Holdings were sold on the open market
        103 words
    • Article, Illustration
      439 8 OTHER SINGAPORE INDICES Oct 4 VALUE CLOSE BT OB/OS 29.00 +257.00 BT CADI -*****.00 +145.00 BT 10-day MA -*****.00 +3.00 All-SG Equities 525.00 +6.96 SG Equities Elect 161.60 +3.18 SG Equities Fin 1625.03 +16.14 SG Equities Prop 482.11 +4^13 SIMSCI 242.19 +3.64 SiMSCI Futures 242.70 +2.40 MOST ACTIVE STOCKS VOLUME
      439 words
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  • Page 5 Advertisements
    • 158 5 JURONG POINT REALTY LIMITED (Incorporated in the Republic of Singapore) (Company Registration No: *****5380 C) Notice to holders of the *****,000,000 3.90 Per Cent. Bonds Due 2006 of JURONG POINT REALTY LIMITED (the "Bonds") Reference is made to the Company's notice to the holders of the Bonds (the "Bondholders") published
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  • Page 7 Advertisements
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  • SMALL CAPS
    • 903 9  -  The woman behind fast-growing GNC franchisee Global Active tells JOYCE KOH her success story JOYCE KOH A YOUNG Singaporean woman of just 25 walks into the international franchise office of one of the top brands in the world and tells the head honcho there: "Cut to the chase,
      CHRIS LOH  -  903 words
    • 387 9  -  By TEH HOOI LING IT's ironic that in the week that tech stocks rallied in the US and Singapore, it was the non-tech counters which led our small-cap portfolio higher. Watch retailer Sincere Watch surged 10 per cent. Stockist and manufacturer of steel products HG
      387 words
  • Page 9 Advertisements
    • 34 9 A section dedicated to I personal finance I and investment I for executives I and businessmen. I We cover issues concerning I insurance, unit trusts, I wealth management I c/> and other personal I
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  • SINGAPORE NEWS
    • 888 10  -  BT exclusive It cites S'pore's competitive costs, infrastructure and skilled workforce By NANDE KHIN GENERAL Motors Corporation's (GM) distribution and logistics management unit for the Asia Pacific region GM Overseas Distribution Corporation (ODC) remains very much a thriving business in Singapore. And Singapore remains the
      CHRIS LOH  -  888 words
    • 316 10 EXXONMOBIL set off a round ofislandwide petrol discounts yesterday afternoon when it announced that all its 77 stations would offer a 5 per cent discount on petrol prices. Previously, discounts of 4 and 5 per cent were available at only 23 of
      316 words
    • 71 10 THERE isn't a casino on Sentosa quite yet, but a select group of watch-lovers were treated to a nice preview late last week. IWC, a well-known Swiss watchmaker, launched two of their latest2oo4 timepieces with a Gentleman s Club event on the island, complete with
      ARTHUR LEE  -  71 words
    • 513 10  -  By DANIEL BUENAS SINGAPORE will be conferring the prestigious Honorary Citizen Award on two top global talents in the chemical and biomedical sciences fields for their contributions to the country. Sir Richard Sykes, rector of Imperial College London, and Lodewijk van Wachem, chairman
      513 words
    • 427 10  -  By CHUANG PECK MING OUTSOURCING is still not standard practice in Singapore, with companies saying they will continue to hire strongly in the current quarter. Two in five of 600 companies polled in Singapore by human resource and recruitment firm Hudson said they
      Source: Hudson Report, 04  -  427 words
    • SINGAPORE ROUNDUP
      • 66 10 LEE Boon Yang, Minister for Information, Communication and the Arts (MICA), will lead Singapore's delegation to the Bth Conference of Asean Ministers Responsible for Information. The event, said MICA yesterday, with its theme of "Towards Shared Prosperity and Destiny in a Peaceful,
        66 words
      • 61 10 THE Minister of State for Trade Industry, Heng Chee How, is on a visit to Kuwait to explore areas of cooperation and will hold initial talks on the Kuwait-Singapore Free Trade Agreement (FTA). He is being accompanied by officials from various ministries,
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      • 55 10 FRENCH President Jacques Chirac will visit Singapore tomorrow en route to Hanoi, Vietnam, where he will attend the Asia-Europe Meeting Summit (Asem). According to the Foreign Affairs Ministry, he will meet Prime Minister Lee Hsien Loong as well as Senior Minister Goh Chok Tong and
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      • 69 10 THE Senior Minister of State for MICA, Balaji Sadasivan (above), will attend the opening ceremony of this year's Asean Trade Fair (ATF) in Hanoi, Vietnam, tomorrow. Dr Balaji, who is also Senior Minister of State for the Ministry of Health, will be accompanied by
        69 words

  • SINGAPORE FOCUS: INDUSTRIES
    • 1291 11  -  Demand for hard disks is flat but big players are optimistic about turnaround in fourth quarter. RAJU CHELLAM reports RAJU CHELLAM JUST last month, the world's largest manufacturer of hard disk drives (HDDs), Seagate Technology, said overall demand for HDDs across all markets appeared
      BLOOMBERG NEWS; Source: Bloomberg  -  1,291 words
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      169 words

  • ECONOMY WATCH
    • 755 12 US dollar's decline will drive metal above US$433 this week, say traders Bloomberg [SEOUL] Gold prices may rise above the 15-year high of US$433 an ounce this week on speculation the dollar will decline and spur investor demand for the precious metal, a Bloomberg survey
      Bloomberg; REUTERS FILE PHOTO  -  755 words
    • 435 12 LATEST US DATA Reuters. Bloomberg [NEW YOBK] US factory orders fell in August for the first time in four months, after gaining a revised 1.7 per cent in July, a government report showed. This was originally reported as up 1.3 per cent. Wall Street had
      Reuters.; Bloomberg  -  435 words
    • 406 12 Reuters [WASHINGTON] The head of China's central bank said on Sunday, Beijing's efforts to curb excessive credit growth were bearing fruit, increasing chances the country's booming economy would achieve a "soft landing." "Inflation, which excludes food and oil prices, remains relatively low,
      Reuters  -  406 words
    • 318 12 AFP [TOKYO] Rising oil prices are unlikely to deal a major blow to global economic growth although the trend may seem "uncomfortable", a researcher with the International Monetary Fund (IMF) said yesterday. The recent economic soft patch in the global economy was
      AFP  -  318 words
    • 685 12 Reuters [SINGAPORE] The Philippine peso could have earned the dubious accolade of becoming the first Asian victim of a speculative attack in the 21st Century. But after three battles with the central bank, speculators have made negligible gains, and may have even lost money.
      Reuters; AFP  -  685 words
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    • 507 12 jH^^^Q22jjjj|^^^dvertis«^alHoinre^80^8^82^^mail^otice«©8pfcxom^ IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF FULTRA INVESTMENT PTE LTD (In Members' Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act (Chapter 50) that the final general meeting of the abovenamed company
      507 words

  • MALAYSIA COMPANIES
    • 556 13 Malaysia's largest mobile phone provider aims to increase coverage to 92% of the population by next year Bloomberg [KUALA LUMPUR] Maxis Communications Bhd, Malaysia's largest provider of cellphone services, said expansion of its network may allow it to achieve faster subscriber growth than
      Bloomberg  -  556 words
    • 452 13 [KUALA LUMPUR] The Melut Basin in Sudan has proven to be a rewarding business destination for several Malaysian companies, which have thus far secured some US$9OO million worth of contracts there, the Malaysian Business Times reported, citing industry sources. The jobs are mostly
      452 words
    • 320 13 NST [KUALA LUMPUR] Faber Group Bhd says it is poised for growth now that it has completed its debt restructuring scheme and pared down debts from RMI.6 billion (Ss7lo million) to a manageable RMI96 million. "With the completion of the debt restructuring that
      NST  -  320 words
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      292 words

  • INDONESIA
    • 615 15 It raises optimism that he will adopt policies to boost economic growth Bloomberg. AFP IJAKARTA] Indonesian stocks rose, lifting the benchmark index to a record, after Susilo Bambang Yudhoyono was officially named the winner of the presidential election, raising optimism the new government will
      Bloomberg.; AFP  -  615 words
    • 652 15  -  INDONESIA INSIGHT SHOEB KAGDA Jakarta Correspondent It is official. Former general Susilo Bambang Yudhoyono is Indonesia's sixth president. And with that, the spotlight is trained on him and his yet untested leadership qualities. Now that he has officially secured victory, the
      652 words
    • 304 15  -  By JOYCE KOH THE surging demand for coal and its soaring prices have fuelled a boom for coal-mining companies. It is no surprise then that Indonesia's largest coal exporter yesterday managed to secure the largest loan of its kind for Indonesian companies in nearly
      304 words
  • Page 15 Advertisements
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  • INDIA
    • 281 16 Bloomberg [NEW DELHI] India's economy will grow as much as 7 per cent in the fiscal year ending March 31 and monetary policy will aim for "price stability and growth", Finance Minister P Chidambaram said. "No doubt, the current outlook for oil
      Bloomberg; REUTERS  -  281 words
    • 409 16 Boom in outsourcing, consumer goods sector creates sizzling job market Reuters [BANGALORE] Global head-hunters are seeking partners and acquisitions in India, where a sizzling job market is creating tens of thousands of jobs a year. The boom in outsourcing of back-office and customer service
      Reuters  -  409 words
  • Page 16 Advertisements
    • 2216 16 To advertise call 1011-free 1800 289 8822 Email: ootices@sph.com.sg 1 i DTT O BIL INTERNATIONAL LIMITED S"s™ ,CE M U J F—-l (Continued into Bermuda with limited liability) 22 victoria street HAMILTON HM 12 BERMUDA NOTICE OF SPECIAL GENERAL MEETING NOTICE IS HEREBY GIVEN that a SPECIAL GENERAL MEETING of
      2,216 words

  • GREATER CHINA
    • 214 17 [AMSTERDAM] Contract electronics production in China is set to triple in five years, as global brands bring more business to the world's most populous country and contract manufacturers expand in the nation, a survey found yesterday. Contract electronics manufacturing in China already amounted
      214 words
    • 669 17 It also warns US policy makers not to push too hard for a change Bloomberg [WASHINGTON] China offered no new timetable for changing a nine-year-old peg of its currency to the US dollar, and warned US policy makers not to press
      Bloomberg; AFP  -  669 words
    • 384 17 AFP [HONG KONG] The operators of the newest casino in China's gambling boomtown Macau said yesterday they were forced to open without their full complement of croupiers because of a shortage of skilled staff. The runaway success of the tiny former
      AFP  -  384 words
    • 549 17 Bloomberg [BEIJING] China Power International Development Ltd will give priority rights to buy assets in Shanghai, the centre of China's power market, to sister company Shanghai Electric Power Co, protecting the interests of the two main units of the
      Bloomberg  -  549 words
  • Page 17 Advertisements
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  • ASIA-PACIFIC
    • 448 18 Move follows shutdown of Citibank Japan for a year Bloomberg, Reuters [SEOUL] Citigroup Inc, the world's largest financial services company, will be probed by South Korean regulators after it was forced to close its privatebanking business in Japan, the Financial Supervisory Service said.
      Bloomberg,; Reuters  -  448 words
    • 529 18 Reuters [TOKYO] Japan should consider steps to alter its purely defensive security policy, including acquiring the capability to carry out preemptive strikes, but should not change its ban on the possession of nuclear arms, an advisory panel to Prime Minister Junichiro Koizumi said yesterday. Recommendations
      Reuters; REUTERS  -  529 words
    • 394 18 Reuters [HONG KONGI Loans to Asia, excluding Japan, so far in 2004 already total more than the amount raised in all of 2003 and put the market on course for its biggest year since before the Asian financial crisis, debt market news service
      Reuters  -  394 words
    • 410 18 AP THE human toll from bird flu reached 31 yesterday when Thailand confirmed a nine-year-old girl died from the disease, while Indonesia joined the list of countries struggling with Asia's second wave of outbreaks. In Malaysia, which escaped the first wave
      AP; REUTERS  -  410 words
  • Page 18 Advertisements
    • 2264 18 stems AXIS SYSTEMS HOLDINGS LIMITED (Incorporated in Bermuda) NOTICE IS HEREBY GIVEN THAT the Annual General Meeting of AXIS SYSTEMS HOLDINGS LIMITED will be held at The Executives' Club, 65 Chulia Street, OCBC Centre #33-01, Singapore *****3 on Wednesday, 27 October 2004 at 2.00 p.m. for the following purposes:AS ORDINARY
      2,264 words

  • WORLD
    • 391 19 Rocketing oil prices set to bring the largest profits ever posted by a UK firm [LONDON] Sky-high oil prices have put BP on course to make US$l6 billion this year, the largest profit ever recorded by a British company, reports The Sunday Observer,
      AFP  -  391 words
    • 404 19 [LONDON] Microsoft has ruled itself out of a white knight bid for People Soft, the software company fighting a US$7.7 billion hostile takeover by Oracle, according to the Financial Times. Steve Ballmer, Microsoft chief executive, told the paper that People Soft did not compare
      404 words
    • 300 19 Bloomberg [SAN FRANCISCO] EBay Inc president and chief executive Meg Whitman was named the most powerful woman in business by Fortune magazine, unseating Hewlett-Packard chief executive Carly Fiorina, who topped the list for six years. Ms Fiorina slipped to No 2 on
      Bloomberg; Photos: Bloomberg  -  300 words
    • 571 19 Job growth has slowed and wages are being capped Reuters [NEW YORK] Concerns about slow jobs growth and barely perceptible wage increases have made outsourcing a hot-button issue in an election year, even though the number of jobs outsourced represent just a fraction
      Reuters; REUTERS  -  571 words
    • 450 19 Bloomberg [PARIS] Bruce Wasserstein's plan to sell shares of Lazard LLC, the world's largest closely held investment bank, may face opposition from board members today at a meeting here, people familiar with the matter said. About 10 per cent of Lazard's more
      Bloomberg  -  450 words

  • AVIATION
    • 612 20 AFP [PARIS] French President Jacques Chirac's trip this week to Beijing will bring into sharp focus the battle between the world's biggest aircraft makers, Europe's Airbus and Boeing of the United States, for the prized Chinese market. Airbus Industrie, based in southwestern
      AFP  -  612 words
    • 411 20 Anderson is the latest to join exodus from US aviation sector Reuters [NEW YORK] Every one of the top seven US airlines has had, or has announced, CEO changes since the Sept 11 attacks. Northwest Airlines Corp became the latest, when it announced that chief executive
      Reuters  -  411 words
    • 213 20 Reuters [HONG KONG] Air China, which is preparing for a stock exchange listing, will hold 69 per cent of Hong Kong-listed China National Aviation Co Ltd (CNAC), the Hong Kong firm said yesterday. China National Aviation Corporation Group, the parent company
      Reuters  -  213 words
    • 400 20 AIRLINE CODES :AA American Airlines (AAL), AF Air France (AFR) Al Air India (AiC) AY Fmnair Ov (FIN) AZ Alitalia Airlines (AZA), BA British Airway. Public Ltd Co (BAW). BG Biman Bangladesh Airlines (BBC), Bl: Royalßrunei Airlines Sdn Bhd (RBA) BO Bouraq Airlines (BOU). BR EVA
      400 words
    • 383 20 [KUALA LUMPUR] Lowcost carrier Air Asia Bhd is on track to list on the main board by December, which will see it raise as much as RM 1.2 billion (*****.8 million), following approval from the Malaysian Securities Commission, The Edge Daily reported, citing
      FILE PHOTO  -  383 words
    • 289 20 AFP, Reuters [BRISBANE] Hundreds of airline passengers suffered disruption yesterday when a major regional airport was shut down for an hour after a humming and vibrating adult sex toy was mistaken for a bomb, police said. The vibrator was discovered at 9.15 am by
      AFP,; Reuters  -  289 words
    • 472 20 AP lATI.ANTAI In a deal that could brin# more than US$l4O million to cashstrappod Dolla Air l inos, Cendant dorp is buying travol wobsilo Orbit/ Inr. Condant, a conglnmcr ato that owns Avis. Hama da. Days Inn and other travel-rolatod brands, will
      AP  -  472 words

  • SHIPPING
    • 686 21 Oil demand, led by US and China, will rise 3% to hit 82.2 million bpd: IEA Bloomberg [LONDON] Oil tanker rates for shipping crude from the Middle East may extend their 60 per cent gain this year on record oil demand,
      Bloomberg; BLOOMBERG FILE PHOTO  -  686 words
    • 432 21 Reuters [SEOUL] South Korea put air and sea ports on maximum alert, giving immigration officials the power to stop any suspicious arrival after Osama bin Laden's deputy purportedly called to resist countries sending troops to the Middle East. "The slightest suspicion
      Reuters; AFP  -  432 words
    • PORT SHOTS
      • 54 21 Bloomberg [SEOUL] Daewoo shipbuildings Marine Engineering Co, the world's second-largest shipbuilder, said August profit fell 65 per cent from a year earlier to 22.9 billion won (5533.6 million). Operating profit dropped 95 per cent to 2.6 billion won and sales fell 35 per cent to
        Bloomberg  -  54 words
      • 120 21 Reuters [MARSEILLE] About 150 fishing vessels blockaded the Mediterranean ports of Marseille and Toulon yesterday in a protest by fishermen demanding compensation for a surge in fuel costs. They blocked the ports and two nearby oil terminals from before dawn after a similar protest in northern
        Reuters  -  120 words
      • 69 21 Bloomberg [HONG KONG] China Merchants Holdings International Co, a port-management unit of China's Communications Ministry, may boost its investments in the country's southern Shenzhen city as part of a reorganisation of government-owned assets. "We hope to increase our port assets in Shenzhen, but we
        Bloomberg  -  69 words
    • 131 21 Bloomberg [KUALA LUMPUR] Malaysia's ports, which are competing with neighbouring Singapore for South-east Asia's sea freight, are expected to handle 13 per cent more containers this year amid rising trade. Transport Minister Chan Kong Choy said. Malaysia's ports, including Port of Tanjung
      Bloomberg  -  131 words
    • 170 21 AFP [KUALA LUMPUR] Heavilyarmed pirates have attacked two Singapore-regis-tered tugs in Indonesian waters of the Malacca Strait and kidnapped four crew in the last five days, a maritime official said yesterday. In the first incident on Sept 30, armed robbers, believed
      AFP  -  170 words
    • 428 21 Bloomberg [KUALA LUMPUR] Malaysia International Shipping Corp (MISC), South-east Asia's biggest shipowner by market capitalisation, plans to raise as much as US$75O million from the sale of its fleet of 32 drybulk ships, Oslo-based broker P F Bassoe AS said in a
      Bloomberg  -  428 words
    • 287 21 SGX '000 OtM SS W- Vol CH Offshore 0.40 unch 2880 ChuanHup 0.63 -0.01 4870 Cosco Investment 1.03 0.03 ***** CWT Distribution 0.56 -0.01 490 Ezra Hldgs 1.12 0.03 176 Freight Links 0 10 unch 173 Grand Banks Yacht ......0.80 -0.01 5 Java Holdings 1.03 0.01 3404 K1
      287 words
  • Page 21 Advertisements
    • 38 21 In over 175 countries around the world, Menlo Worldwide stands for efficiency. We offer a broad portfolio of transportation, logistics and supply chain solutions to help businesses of all kinds MENLO achieve operational excellence www.menloworldwide.com WORLDWI D E
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  • EDITORIAL & OPINION
    • 511 22 EDITORIAL MUCH has been said about the importance of training and re-training workers to equip them with new and relevant skills. The same point should be made about company directors too. If directors are to do their jobs well, far more attention needs to be paid
      511 words
    • 1030 22  -  Think the world's richest countries are grateful for China's burgeoning economy? Think again LEON HADAR Washington Correspondent Chutzpah" is an Yiddish idiom that has entered the English-language as a slang expression and that the dictionary defines as "unmitigated effrontery; impertinence; unbelievable gall; brazen nerve". But
      1,030 words
    • 720 22  -  BOTTOM LINE HARISH MEHTA CALL it genetic pollution, or the invasion of the Geneti-cally-Modified (GM) genes, but these things are going places, literally. That's not necessarily a good thing because they are turning up where they shouldn't. A new study by the United
      720 words
    • 866 23  -  Who can soothe markets and fill a leadership gap to hold the hands of investors? WILLIAM PESEKJR Bloomberg IT'S amazing how just a few words from Alan Greenspan can soothe markets that fret over inflation or the US current account deficit. Ditto for comments by Jean-Claude
      Bloomberg  -  866 words
    • 569 23  -  LETTERS TO THE EDITOR Ng Eng Juan Associate Professor in Accounting Nanyang Technological University I REFER to the article "Reporting revenue right" (BT, Sept 21). The authors, Professor Williams and Dr Chong, cited the case of a company selling goods for $100,000 but ultimately
      569 words
    • 339 23  -  Leong Sze Hian Singapore I REFER to the article "HK's investment strategy beats Singapore's: S&P" by Daniel Buenas (BT, Oct 1). Standard and Poor's estimates that the Singapore Government's annual returns on its assets averaged between 1.7 and 4 per cent from 1999 to 2003,
      339 words
    • 859 23  -  THOMAS FRIEDMAN NYT THE US is in trouble in Iraq. I don't know what is salvageable there anymore. I hope it is something decent and I am certain we have to try our best to bring about elections and rebuild the Iraqi army
      NYT; AFP  -  859 words
    • 123 23  -  April Lee (Mrs) Executive Director Sing Investments Finance Ltd I REFER to the letter ("SIF plan needs to be explained", BT Oct 1). Our company considers it appropriate to redevelop its head office building at Robinson Road now. Our reasons are: (1) In keeping with
      123 words

  • Page 23 Advertisements
    • 103 23 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
    • 11 23 Call 1800 289 8822 or email recruit@sph. com.sg for solutions I
      11 words
  • Page 23 Miscellaneous
    • 339 23 CRYPTIC CROSSWORD Afß /KC P^' 6 HV nuss 7 Adviser and government agent 1 Be grateful for increase in value taking time with worker (10) (10) 8 Assemblyman? (10) 9 Confidence of late comedian (4) 12 Instructions to make sure 10 Natal region? (10) charged particles remain on 11 Lass
      339 words

  • 3964 24 STRAITS TIMES INDEX STOCKS Stodi mhh Wt Close Change Stock name Wt Close Change Allgreen 50c 0.30 1.090 -0.010 NOL 2.07 2.900 -0.100 BIL Intl US20c 0.47 1.000 +0.010 OCBC 10.76 14 200 +0.200 CapitaLand 1.19 1.780 Parkway H 25c 0.63 1.350 +0.030 Chart SemiCond 26c 0 84
    3,964 words

  • 2840 25 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local curr In S$ In USS dy yr dy yr dy Syr Oct 1 Index Change Change Change Change Change Change Work) Index Preliminary 802.4 1.4 3.1 1.4 1-6 13 24 EAFE Preliminary 737.2 1.6 5.1 1.4 2.8 13 3.6 Europe Preliminary
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  • Page 26 Advertisements
    • 1068 26 I IMPORT 1 NORTH AMERICA 0 AUSTRALIA/NEW ZEALAND [SUPER SHUTTLE EXPRESS (BSX) (AUSTRALIA ASIA EXPREBB tAAJO 1 "I !«5 B 55 W r IwI»I m I wI» I ro OOCL HAMIURG OSW37 19/09 07/10 OMIT PM NEDUOTD HOUTMAN 25WU 11/1. MUT l nK PtO NEDUOYD KOIE 03/10 11/10 lt/» PM.HHIOrtU.UIM
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    • 890 26 IINTIRASIA KOtO SIHVICI Vissa/VOT urnm Sfijgjßf pkg kch io I aw jkt STtAITS VENTURE /12 15 3.2 02/10 07/10 10/10 12/10 STRAITS VENTURE /13 15 3.2 14/10 16/10 21/10 24/10 26/10 STRAITS VENTURE /14 IS 12 2t/IO 31/10 04/11 07/11 M/ll I WIST ASIA/BINOAi ROUP SVS Vissa/VOY B*MP(KT) hhghiqh m
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  • Page 27 Advertisements
    • 944 27 MOl Combines C ra«9* of shipping modes to ensure timely, ratable services covering major ports m Norm America, Europe, Japan, Asia, Africa Oceania. Abe ecMpt btre-Asto Cotjms t«: I For Schedules, BL Searches, and Container Tracking, visit on our Home Poge:www.hnmburasud.iom Hamburc^^6i*in 11 laiamimiil a SAH SERVKE (EXPORT) Irftt lto*r
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    • 1280 27 hug- Imm I pus I «bsb vrn TIP ncc r,fIinFHTRAI>F 40<tH 9/10 11Q/10 12/10 PERTH BRIDGE DMA 7/1 f) 9/10 15/10 NEW DYNAMIC Q7IA U7T 16/10 S"TE 06SA liV 23/10 Co»ng Htt <W-S>—> VESSEL wty7mG_ SjM HKG SHA lAO HSK SIN JKT vjoom TwTloTio 11/10 n/io 21/10 new dymamic 071s
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    • 992 27 H WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICQ POINTS VESSEI I VOT SIM P.KLANG COLOMBO It SHEVA COLOMBO iayhioge opt* 04oa otoa woo 12KI lififl— AUSTRALIA WW 0080W II OCT 13 OCT 16 OCT 10 OCT 72 OCT KOTA PtKWIItA YPWOS) 18 OCT 20 OCT
      992 words

  • Page 28 Advertisements
    • 1057 28 ufijlf WALLENIUS WILHELMSEN W website: http://www.2wglobal.(om Vtsstl l»C ~W HOW 1 S»» HI OB W( TOM AMIO 400 Tom 6.3 M I 07/10 10/11 13/11 12/11 14/11 TAMERLANE AM2O 320T6« 6.4 M I 16/10 09/11 18/11 25/11 24/11 01/12 29/11 03/12 22/11 TAIKO AM2I 1 420T0»s 6.4 M 01/11 24/11
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    • 770 28 vot si cai _*Bsa *qi m hi pacmmoa 1312W W/10 07/10 _ULMU 4135 flizii lfi/li "csmol 0040f 07/10 Q9/1Q MMIIITI7 mz 11/lfl lion ui» M/, M/, mmi 1241 li/io u/u miMm M/ 1° '0/10 PMMU 413* 14/10 11/10 mcilmm i3isS ima 11/IQ of'#! ~SS 10/ PACIANDA mm 11/1® UZlfi vtssa
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    • 472 28 BSA iL I ®R*TT3=?rffcWlVsQri7Hs'3^^Br 'o MYANMA ■R FIVE STAR LINE (Myanmor National Um) Loading for YaMgon VESSEL VOY SIN PKI PEN PGU PAGAN 332W SID HPA-AN 326W 26/09 IN MALAYSIA: lOUSTEAD SHIPPING AGENCIES KUI: 03-*****300 PKL 03-317*6101 PEN: 04-*****02 Jjudimiiiw ACCEPTING CONVENTIONAL C6O HKG SIN HKG SIN PGU PKI KUC
      472 words

  • THE BUSINESS TIMES SHIPPING TIMES
  • Page 29 Advertisements
    • 86 29 One-Stop Shipping Services Ship Registrations Ship Classifications Radio Accounting Tuvalu, Mongolia, Panama, Quality, Safety, Security Services Belize and many other flags Surveys and Consultants Accounting Authority RSO6 competitive •Wf'-j 24-hour efficient service, 365 days a year Worldwic,e network of surveyors Igjpf■ No restriction on nationality of Staffed by qualified professionals
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  • PROPERTY
    • 619 30  -  China may be planning for the Olympics, but it knows when to slow down to avoid a property bubble, VINCE CHONG finds VINCE CHONG Gearing up for the 2008 Olympics Games, Beijing is a city on the march. Construction is rife, and roads are mostly
      AFP; Source: CBRE  -  619 words
    • 2024 31  -  BARRY LEA looks at the precautions buyers of overseas property should take when shopping for a loan facility BARRY LEA AS a result of increased interest in purchasing overseas residential property, an array of facilities is now on offer. The options are becoming increasingly varied and
      2,024 words
    • 503 32  -  2 objecting owners settle case before STB mediation By VINCE CHONG THE en bloc sale of Holland View has cleared its final hurdle, after two owners who argued against it settled their case before it was brought to the Strata Titles Board
      FILE PHOTO  -  503 words
    • 325 32  -  By KALPANA RASHIWALA IT'S a case of trading places. Assistant general manager and head of marketing at City Developments (CityDev), Margartf Goh, is moving to Sentosa Cove as general manager. Anfi Sentosa Cove's former director (sales and marketing) Lee Mei Ling has taken
      325 words
  • Page 30 Advertisements
    • 228 30 MARYLAND PARK FOR SALE BY TENDER Freehold Approximately 246,000 sq ft Plot ratio 2.8 CBRE Tel: 6224 8181 CB RICHARD ELLIS 1 H^' JBußu iM^i sg i iTi^M^BH W7l a J A Presented |ta| Diners Club Credit Card 6416 0980 Where to wine, dine and entertam... www.diners.com.sg UHHHB ri'jpj 'I^l^
      228 words
    • 32 30 I< uiprU i n g I y indian |S nappy hours I 59% of# ail artrvKST S mondays sundays I 6.00pm 7.30pm 1 snssxmu I happy hours have I never been 1
      32 words
    • 43 30 (Seafood by the oea /vWV\ Amtu Fut Con Gioaious Culkiiai b> PUOC I.IIINII iUHOO OUKII C.AIDU. fINGA tMlood r«»t#ur«n» 0i H(s •< a m Singa Inn Seafood Restaurant <20 tut Com) firt.n Smfaport 44M7J Tel: 6MS 1111 Fix 6345 213* Mm Mom sM»n> 11.Npa
      43 words
    • 30 30 MERITUS MANDARIN SINGAPORE V CHINESE CULINARY CLASSICS Reservations: Kktv 6831 6262/66 Bewowt CHINESE RESTAURANT MERITUS MANDARIN t»U4 333 Orchard Road, Singapore *****7. Tel: +65 6737 4411. Fax: +65 6732 2361.
      30 words

  • Page 31 Advertisements
    • 73 31 I PRIME OFFICE SPACE bui,din9 in I FAR LEASE Winner of Prix d'Excellence award, the Oscars of the estate I I 12,196 sq.ft. on high floor with excellent view Raised floor system. column-free space Ideal for financial institutions. major professional services j companies and MNCs 4 AAA Generous parking lots
      73 words
    • 189 31 lEE Debenham 5 Tie Leung HIMI <1 Oip I| <l lll« IT F [7 I Freehold Bungalow W I 2 Plots at East Coast rast» Revised configuration now available < jl Pbt Site Area Mountbatten Road 14,002 sq ft |-o| 15.1 1(a) 7,319 sq ft 1 3 5,764 sq ft
      189 words
    • 180 31 Collective Sale (100% Consensus) sudium Mixed Landed Redevelopment .1 site At jalan Limau Bali 1 1 Existing devt: 6 apts 6 shop units j| 4 Exclusive landed residential enclave 1 '3Sp I Walking distance to Tanah Merah MRT Station 2 Near amenities I Good Plot size 27,634 sq ft V
      180 words

  • Page 32 Advertisements
    • 296 32 The point of a good business address ROBINSON POINT t Robinson Point is the ideal choice for companies seeking a good business address in the Shenton Way hub. Situated right at the heart of the Central Business District and H near the Raffles Place MRT station, Robinson Point is a
      296 words
    • 12 32 Call 1800 289 8822 or email recruit @sph. com.sg for solutions 3
      12 words