The Business Times, 12 October 2004

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Total Pages: 33
1 34 The Business Times
  • 16 1 THE BUSINESS TIMES Tuesday October 12,2004 SINGAPORE 85 cents online at http'J/busincss-time&asial .contsg MITA (P) 023/03/2004
    16 words
  • 636 1  -  Despite slowdown, analysts see economy still on track for projected 8-9% growth By ANNA TEO [SINGAPORE] Even before the full effects of recovery are felt on the ground, the slowdown has begun. The economy lost momentum in the third quarter after an unprecedented
    636 words
  • 134 1 ST! 1,991.99 (-1231) ST INDEX FUTURES 1,998.00 (-10.00) siMsa ***** (-1.38) SIMSQ FUTURES 239.70 (-1.90) MARKETS Friday Change KLSECOMP 855.10 -5.98 NIKKEI 225 Closed HANG SENG 13,305.13 +63.67 SET INDEX 677.93 +1.78 JAKARTA COMP 860.14 +4.43 MANILA COMP 1.821.97 -14.50 SEOUL COMP 881.11 -0.27 SHENZHEN B 252.54 +1.29
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  • 47 1 TOP STORIES ...PG 2,4 COMPANIES... PG 6-9 MARKETS PG 8 SINGAPORE PG 12 ECONOMY PG 14 MALAYSIA. PG 15-16 INDONESIA PG 16 INDIA/CHINA ...PG 17 WORLD PG 21 AVIATION PG 22 SHIPPING PG 23 EDITORIAL PG 24 LETTERS PG 25 STOCKS PG 26-27 PROPERTY.. PG 32-34
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  • 543 1  -  Analysts note emphasis on need to defuse external price pressures By LARRY WEE [SINGAPORE] The Monetary Authority of Singapore left its policy of modest and gradual appreciation for the Singapore dollar's trade-weighted value unchanged at its semi-annual review yesterday as widely expected. Noting
    Source: JP Morgan; Source: Reuters  -  543 words
  • Page 1 Advertisements
    • 74 1 ff GLOBAiENTREPOUS Good progress in attracting entrepreneurial start-ups: PMLee pg4 8 l I Tradition-Craftsmanship Innovation Michelangelo Gigante A testimonial of over of mechanical watchmaking. Chronometer with B^^|^B^|HKuß certificate issued by the Swiss Official Chronometer TESTING SELF-winding AUTHENTIC POWER RESERVE SCREW-CROWN. WATER- JffsWßjjj^^W Available in Y» f steel. Also available on
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    • 16 1 HOT PROPERTY Se nt °sa Cove may sell land parcels by private treaty, not tender PGI2
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    • 26 1 OVERSEAS PROPERTY Bangkok home prices likely to rise by 5%: consultants pg 33 -> ?p f ua. f £»9fl ;.i*";i 3$ i" I jr" ©§K f ■■■■■■■■■■■■flDft
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  • TOP STORIES
    • 819 2  -  $750m to come from sale of KNI stake, $250m from capital reduction By JOYCE KOH [SINGAPORE] SembCorp Logistics (SembLog) will distribute $1 billion to shareholders after selling its 20 per cent stake in logistics giant Kuehne Nagel International (KNI) for 974.4 million Swiss francs
      ARTHUR LEE  -  819 words
    • 714 2 SPH profit jumps 44% to $546.3 m on asset sales BOOSTED by the divestment of non-core assets, media group Singapore Press Holdings saw earnings rise 44 per cent for the year ended Aug 31—and said yesterday its operating performance should improve in the current financial year. Net profit
      714 words
    • 605 4  -  GLOBAL ENTREPOLIS It's tougher than attracting MNCs because it involves changing mindsets By CHUANG PECK MING [SINGAPORE] Just as it had done with multinational corporations, Singapore is now making good progress in attracting start-ups to help build a critical mass
      ALBERT SIM/ST  -  605 words
    • 273 4 DATE/ TIME EVENT VENUE 12 Oct Official Opening The En- Suntec Convention 2.30pm terprise Exchange Centre, Hall 403-404, LeveM 12 Oct Gala Dinner Asian Inno- Shangri-La Hotel, Island 6.30pm vatio Awards ballroom 12 0ct-13 Captains of Industry Con- Suntec Convention Oct ference Centre, Ballroom 2 Lev9:00am el 2
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    • 398 4  -  By* AMIT ROY CHOUDHURY [SINGAPORE] DLM Digital Studios, an jjwtiawsociate company of well-known Indi!?*san film and TV production house Kavi-. Productions, wiD set up its re-' -'gional headquarters in Singapore by next year. The office will be responsible for international distribution
      398 words
    • 317 4  -  By RAJU CHELLAM [SINGAPORE] Singapore could offer its highly trained management talent with its high level of global exposure to enterprises in China that are looking to expand beyond traditional markets, and could act as a hub for Chi-na-based companies tJui seek to
      317 words
    • 484 4 Liberalisation of India's industry opens more doors [SINGAPORE] A free trade agreement (FTA) between Singapore and India is expected to be completed by the end of this year, according to the Indian High Commissioner to Singapore, Alok Prasad. Mr Prasad said negotiations
      484 words
    • 338 4  -  By NANDE KHIN [SINGAPORE] With companies increasingly realising the importance of brand equity, brand management has become more important than ever. But it may be hard for companies to gauge thenown brand performance. Quantel International hopes to help businesses tackle this with
      338 words
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  • Page 4 Advertisements
    • 102 4 Exhibition and Sale Sunday 17 October 2004 Session I starting at 10.30 Session II starting at 14.00 Venue Sunday 17 October 2004 THE DHARMAWANGSA The Grand Ballroom I. Brawgaya Ray* No. 26 Kebayoran Bam Jakarta ***** Indonesia Public Viewing Friday 15 October 2004 11.00 20.00 Saturday 16 October 2004 11.00
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  • COMPANY NEWS
    • 699 6  -  Exceptional gains, core newspaper operations lift performance By WONG WEI KONG BOOSTED by the divestment of non-core assets, media group Singapore Press Holdings (SPH) saw earnings rise 44 per cent in the year to Aug 31 and said yesterday its operating performance
      LIM Will LIANG/ST  -  699 words
    • 662 6  -  HOCK LOCK SIEW By WONG WEI KONG SO, SembCorp Logistics has divested its 20 per cent stake in Swiss logistics group Kuehne Nagel International (KNI) for $1.3 billion, which is double the $637 million it paid for the shares almost four years ago. And SembLog
      662 words
    • 34 6 UNIT TRUSTS FUNDS LEGEND:All prices are indicative;Broadly Diversified; Narowly Focused;$ 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
    • 293 7  -  ST Engg unit to own 49% of Shanghai aircraft repair company By JEAN CHUA SINGAPORE Technologies Aerospace and China Eastern Airlines are investing US$9B million to set up an aircraft repair facility in Shanghai which may start operating as early as next month.
      293 words
    • 376 7  -  By KENNETH LIM BOUNCING back from last year's profit drop, PCA Technology's interim net earnings more than doubled to $2.5 million as it secured new customers in its printed circuit board (PCB) assembly business. Net profit for the six months ended Aug 31,
      376 words
    • 421 7 QAF buys 51 of Challenge Australia Dairy By JEAN CHUA INDONESIAN food group QAF appears to be on an acquisition path. Last month alone, the group best known as the producer of the Gardenia brand of bread and the former owner of Shop 'N Save supermarket chain bought stakes in
      FILE PHOTO  -  421 words
    • 273 7  -  By VINCE CHONG COMPONENTS supplier Cheung Woh Technologies yesterday posted a net profit of $2.9 million for the half-year ended Aug 31, down 43 per cent from a year ago, as demand for its products fell in the face of a global oversupply of
      273 words
    • 421 9 It's boosting advertising and R&D spending, and launching new products CREATIVE Technology Ltd, which makes Nomad and Zen digital music players, said entertainment gadgets will account for more than half its sales this fiscal year as it seeks to gain
      FILE PHOTO  -  421 words
    • 238 9  -  By AMIT ROY CHOUDHURY MAINBOARD-LISTED BTelecom International Holdings is paying 1.5 million renminbi (*****,000) for a strategic 13 per cent stake in a new Beijing joint venture. BTelecom, which supplies telecom products to Chinese telecom companies, has through its wholly owned subsidiary Zhejiang BTelecom
      238 words
    • COMPANY BRIEFS
      • 61 9 UNITED Overseas Bank's shareholding in Bank of Asia has grown to 96.1 per cent from the 80.8 per cent it had when it completed its purchase of Bank of Asia in July. The additional 15.3 per cent stake, which cost it $170
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      • 88 9 JACKSPEED Corporation which was listed on the mainboard last November saw net profit for the first six months ended Aug 31.2004 rise 22 per cent to 1.1 million from a proforma $908,000. The car leather upholstery maker, which recently clinched deals to
        88 words
      • 37 9 SESDAQ-USTED Nucleus Electronics, which distributes electronic components, has been appointed distributor in India for Integrated Silicon Solution Inc (ISSI). ISSI is a fabless semiconductor company that designs and markets integrated circuits.
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      • 87 9 BEAUTY China said its Colour Zone products are now distributed in two Watsons stores in Shanghai, and are expected to be distributed at more Watsons stores in the city by year-end. There are now 12 Watsons stores in Shanghai, and 46 in China. It
        87 words
    • 347 9  - Sinomem buys 51 stake in China venture By JEAN CHUA MAINBOARD-LISTED Sinomem Technology is investing $6 million for a 51 per cent stake in a joint venture with a university research institute that is one of the China's largest producers of plant growth accelerators. Under a memorandum of understanding (MOU),
      347 words
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  • Page 7 Advertisements
    • 138 7 Valid only with vouchers in Oct newsletter or upon request at restaurants in Oct '04. 'Max. of 2 ale Credit or DefrTcard All offers are validtill 30 Dec *04, unless for one-time use only Other terms and conditions apply, please refer to voucher for details. TERMS CONDITIONS. subject to availability,
      138 words

  • SINGAPORE MARKETS
    • 527 8  -  STOCKS But sharp, unexplained rises of Leong Hin, China Petrotech provide some excitement for traders R SIVANITHY Senior Correspondent OTHER than gentle snoring and the occasional clicking of keyboards, it was near-total silence which reigned in all dealing rooms yesterday during a session where the
      Source: Bloomberg  -  527 words
    • Article, Illustration
      892 8  -  Compiled by KENNETH LIM Singapore Technologies Engineering Oct 11 dose 52.12 CREDIT SUISSE FIRST BOSTON. Oct 11 ST Engineering reported 3Q04 results of *****.1 million, which adoption of FRSIO3, contributed to the earnings surprise. Management guided for a mid-single-digit growth for FYO4, barring unforeseen circumstances but continued to
      Source: Bloomberg  -  892 words
    • 519 8  -  CURRENCIES LARRY WEE Senior Correspondent WaV Jowed uncomfortably in much weaker territory during Asian trading yesterday, after suffering a severe beating In New York last Friday. Players reported that the greenback was pummelled mercilessly in preweekend trading after an unusually direct comment about
      Source: Reuters  -  519 words
    • TRADES TO WATCH
      • 102 8 LEONG Hin Holdings' new substantial shareholder Ng Ah Hua has bought another 7.6 million shares on the open market, raising his direct stake in the company to 14.84 per cent from 9.39 per cent. No pricing information was disclosed. Mr Ng, who also has
        102 words
      • 67 8 NOL director sells entire stake of 260 f 000 shares NEPTUNE Orient Lines independent director Timothy James Rhein sold all his 260,000 shares yesterday on the open market at an average of $3.10 apiece. Those shares represent about 0.02 per cent of the shipping company's issued share capital. NOL shares
        67 words
      • 99 8 HYFLUX non-executive director Gay Chee Cheong's private investment firm 2G Capital, which he jointly owns with Tommie Goh, sold three million shares of the water treatment company yesterday on the open market Pricing details were not disclosed. 2G Capital's shareholding in Hyflux now stands
        99 words
      • 132 8 NAM Lee Pressed Metal Industries managing director Yong Kin Sen sold two million shares of Broadway Industrial Group on Thursday last week in a married deal, paring his direct stake to 0.05 per cent from 1.4 per cent. He also has a 5.24 per cent deemed
        132 words
      • 98 8  -  Compiled by KENNETH LIM LIANG Huat Aluminium executive director Tan Cheng Nguan saw his direct stake pared last week after forced sales of shares that had been charged as security for loans owed to Liberty Insurance. A total of 1.9 million shares were sold on
        98 words
    • Article, Illustration
      443 8 OTHER SINGAPORE INDICES Oct 11 VALUE CLOSE BT OB/OS -8^00-114.00 BT CADI -*****.00 -81.00 BT 10-day MA -*****.00 -8.00 All-SG Equities 520.63 -2.10 SG Equities Elect 158.55 -0.90 SG Equities Fin 1600.51 -13.93 SG Equities Prop 480.19 -3.91 SIMSCI -1.38 SiMSCI Futures 239.70 -1. 90 MOST ACTIVE STOCKS VOLUME Leong
      443 words

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  • SMALL CAPS
    • 670 10  -  KENNETH LIM finds out why the aluminium and plastic pipe extruder is upbeat about its prospects KENNETH LIM TRUE to its name, recently listed Midas Holdings has been a golden investment for its shareholders. With strong growth expected to continue for the next few months, the specialist
      FILE PHOTO  -  670 words
    • 363 10  -  By KENNETH LIM CHINA and commodity-related stocks overcame the continued slide of electronics and technology companies over the past week to help our portfolio of small market capitalisation stocks to scrape through with a modest gain. The collection of 30 counters gained 0.4 per
      363 words
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  • SINGAPORE NEWS
    • 668 12 It hopes to attract big-name buyers *who can help boost its global profile SENTOSA Cove is planning to sell residential land parcels at the upscale housing resort directly through private treaty instead of putting them up for tender as is
      668 words
    • 288 12  -  By CHEN HUIFEN CONSUMER sentiment is finally on the upswing, after two consecutive quarters of flat growth, according to Saffron Hill Research. The local market research company said its Saffron Index rose 4 points in the third quarter to 58, from 54 in Q2. Compared with
      288 words
    • 301 12 THE Monetary Authority of Singapore (MAS) yesterday said changes in the global banking landscape, market competition and the increasing economies of scale in banking favour the consolidation of banks. The MAS was responding to comments by Ngiam Tong Dow, former permanent secretary and
      301 words
    • 293 12 AP FORMER Malaysian leader Mahathir Mohamad yesterday said his country's some-times-testy relations with neighbouring Singapore have improved since he stepped down, saying the problems he created were "now in the background" of their bilateral ties. In his first visit to the city-state since handing over
      AP  -  293 words
    • 449 12  -  By CHEN HUIFEN GLENEAGLES Hospital Singapore yesterday announced that it has set up the island's first clinic catering to Koreans under a joint venture with Andong General Hospital, about three hours' drive from Seoul. The joint venture, with an initial
      449 words
    • 265 12 IN a bid to bring lab findings closer to clinical and industrial applications, Singapore's Biomedical Sciences International Advisory Council (BMS IAC) has endorsed two new initiatives which will boost its research capabilities. The first is the Singapore Bioimaging Collaboration (SBIC) for the coordination and
      265 words
  • Page 12 Advertisements
    • 1032 12 PMTEK KNOWLEDGE A SOLUTIONS IN PORT BUSINESS PORTEK INTERNATIONAL LIMITED (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the Annual General Meeting of Poitek International Limited will be held at Republic of Singapore Yacht Club, 52 West Coast Ferry Road, Singapore *****7
      1,032 words

  • SINGAPORE FOCUS: INDUSTRIES
    • 1103 13  -  Surging oil prices are giving a boost to Singapore's position as an oil hub, reports RONNIE LIM RONNIE LIM A VOLATILE, jittery market and oil prices which have shot way past US$5O from US$3O levels at the start of this year have clearly benefited
      AFP  -  1,103 words
  • Page 13 Advertisements
    • 18 13 Protecting your rights? Call 1800 289 8822 or email notices@sph.com.sg to book your advertisement in our newspapers now.
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    • 189 13 Mat ■KShhßSm22Sn|||M iM 1111 lIS liWI iiii BBBMIBBIBMMIIIMH 1 Hf J 1 HT J Ijf* MM i ffy r IWw// 4k /'''a sf JM W/&w L -—S-" y> i I W )Cy nr.- V rsAw Jfli r J I ~jj A m ■Ll WmS n in win m Wmmmlm Star
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  • ECONOMY WATCH
    • 768 14 Technical charts show few signs of price rally slowing anytime soon [LONDON] Signals are growing that oil's price surge could push all the way to US$7O a barrel, according to technical analysts who forecast market trends by interpreting chart patterns. Crude's 60 per cent runup
      AFP FILE PHOTO  -  768 words
    • 494 14 Bloomberg [DUBAI] Saudi Arabia, the world's largest oil exporter, may expand production capacity by 30 per cent within two years to prevent shortages, the country's oil minister said. "We're investing US$2.5 billion a year to boost output capacity," Ali al-Naimi said in
      Bloomberg  -  494 words
    • 557 14 Opec to boost output in effort to meet demand Bloomberg [WASHINGTON] Record prices for oil are taxing the disposable income of US consumers and threatening to hinder economic growth, Treasury Secretary John Snow said. "Well, it is a drag," Mr Snow said on
      Bloomberg  -  557 words
    • 321 14 Reuters [BEUING] China's economy is likely to grow 9.4 per cent this year and interest rates should be raised to keep a lid on investment growth, a top state-run think-tank was quoted as saying yesterday. Government measures such as ordering banks to
      Reuters  -  321 words
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  • MALAYSIA COMPANIES
    • 515 15 MD reiterates plan for gradually selling down its stakes in some listed firms [KUALA LUMPUR] Khazanah Nasional Bhd, the investment arm of the Malaysian government, will consider combining telecommunications companies in which it owns stakes, including Telekom Malaysia Bhd and Time dot Com
      FILE PHOTO  -  515 words
    • 212 15 Bloomberg [KUALA LUMPUR] Malayan Banking Bhd, Malaysia's top lender, will continue to seek acquisition opportunities overseas, focusing on China and Asean countries, after losing a bid for an Indonesian bank. Going overseas is a "major strategy", president and chief executive officer Amirsham Aziz said,
      Bloomberg  -  212 words
    • 4 15
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    • 331 15 Reuters [SINGAPORE] Malaysian engineering and energy firm Ranhill Bhd will decide whether or not to invest in a US$l billion Indian power project after it finalises due diligence this month, a source close to the plan said yesterday. If a deal is reached,
      Reuters  -  331 words
    • 360 15 [KUALA LUMPUR] Malaysia's Multimedia Development Corp (MDC) has formed a strategic alliance with the apex body for India's software industry to tackle anti-outsourcing campaigns that are being initiated across the developed world, reports Malaysia's Business Times. It is working with India's National Association of
      FILE PHOTO  -  360 words
    • 286 15 [KUALA LUMPUR] RHB Capital is on the lookout for a life insurance business, reports Malaysia's Business Times, quoting the company's executive chairman Sulaiman Abdul Rahman Taib. But it hasn't found one yet. "In terms of acquisition, 1 don't see anything available
      286 words
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  • MALAYSIA/INDONESIA
    • 745 16  -  INDONESIA INSIGHT Yudhoyono is poised to ride on his landslide victory to reduce Indonesia's burdensome fuel subsidies SHOEB KAGDA Jakarta Correspondent OVER the weekend, presidentelect Susilo Bambang Yudhoyono provided the first glimpse of his economic priorities after he takes office on Oct 20 by noting
      745 words
    • 250 16 AFP [SINGAPORE] Retired Malaysian Prime Minister Mahathir Mohamad launched a scathing attack on his former deputy Anwar Ibrahim yesterday, rubbishing his one-time protege's chances of a comeback "because he was homosexual". Mr Anwar was jailed on sodomy and corruption charges in 1998 for allegedly sodomising
      AFP  -  250 words
    • 316 16 Bloomberg, Reuters [JAKARTA] Indonesia's president-elect Susilo Bambang Yudhoyono will expand the Cabinet to 34 members from 32, his vicepresident Jusuf Kalla said. The Ministry of Trade and Industry, now headed by Rini Soewandi, will be split into two bodies, Mr Kalla told reporters at
      Bloomberg,; Reuters; BLOOMBERG  -  316 words
  • Page 16 Advertisements
    • 1940 16 to advertise call toll-free 1800 289 8822 Email; notices® sph.com.sg HESHE HOLDINGS LIMITED in the Republic of Singapore) Company Registration Number *****1110N NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Heshe Holdings Limited (the "Company") will be held at 78 Shenton Way, MCL
      1,940 words
    • 834 16 FHTK HOLDINGS LTD (Incorporated in Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of FHTK Holdings Ltd will be held at 20 Harbour Drive #06-02 PSA Vista, Singapore *****2 on 28 October 2004 at 12 noon to transact the following businesses: 1. To
      834 words

  • GREATER CHINA/INDIA
    • 397 17 It's gaining access to futures market through deal with China's lead broker [HONG KONG] ABN Amro is close to clinching a deal with China Galaxy Securities, the country's largest broker, in a move that could enable the Dutch bank to become the first foreign
      397 words
    • 218 17 Reuters [SHANGHAI] France's BNP Paribas and Dutch-Belgian financial services group Fortis have won approval to invest in China's main stock and debt markets, regulators said yesterday. That brings to 25 the number of foreign players allowed onto the country's US$5OO billion bourses under a
      Reuters  -  218 words
    • 334 17 Reuters [BOMBAY] India's top copper and aluminium producer, Hindalco Industries, is leading the country's charge to secure overseas copper resources and reduce dependence on the often volatile concentrate market. But aluminium and zinc producers are looking closer to home to develop the world's fifth-largest
      Reuters  -  334 words
    • 56 17 [BEIJING] The French Air Forces' crack aerobatics team. Patrouille de France showing the French tricolour in smoke as they performed at Nanyuan Airfield south of Beijing, yesterday. The display, which was postponed one day due to bad weather, was performed as part of The Year of
      AFP  -  56 words
    • 336 17 Bloomberg [BElJlNG] China's banking regulator told state-owned banks to investigate the cause of bad loans and severely punish officials responsible, aiming to strengthen controls as Bank of China and other lenders prepare for initial share sales. Banks should pay special attention to bad
      Bloomberg  -  336 words
    • 404 17 Big Q2 volume growth, healthy margins expected Bloomberg [MUMBAI] Tata Consultancy Services Ltd, Infosys Technologies Ltd and Wipro Ltd, India's three biggest software companies, may say second-quarter profit rose after adding orders from the US and Europe. Net income at Infosys rose
      Bloomberg  -  404 words
    • 130 17 Reuters [HONG KONG] China will begin marketing in Hong Kong on Friday a US$l.7 billion-equivalent, dualtranche sovereign bond, a market source said. Investor presentations are planned for Frankfurt on Oct 19, London on Oct 20 and New York on Oct 21. Pricing was expected shortly
      Reuters  -  130 words
  • Page 17 Advertisements
    • 1323 17 HO WAH GENTING INTERNATIONAL LTD (Incorporated in the Republic of Singapore) (Company Registration No. *****2032R) NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company for the Financial Year ended 31 December 2001 will be held at 61 Robinson Road, #17-03 Robinson Centre, Singapore *****8, on Thursday, 28
      1,323 words

  • Page 18/19 Advertisements
    • 3359 18/19 jpppl SINGAPORE PRESS HOLDINGS LIMITED AUDITED RESULTS FOR THE YEAR AUGUST 31, 2004 1(a)(1) Results for the Year ended August 31, 2004 Group 2004 2003 Change SJ'000 SJ'000 Operating revenue Newspaper and magazine 833,202 789,382 5.6 Broadcasting and multimedia 54,301 55,734 (2.6) Property 82,572 52,700 56.7 970,075 897,816 8.0 Other
      3,359 words
    • 1048 18/19 9. Group Segmental Information (Cont'd) 2003 Newspaper Broadcasting. Treasury and Multimedia and and Magazine Telecommunications Investment Property Elimination? Consolidated SJ'000 SJ'000 SJ'000 SS'000 SJ'000 SS'000 Result Segment result 305,065 (53,057) 39,028 39,203 330,239 Finance costs (1,916) (22,410) (24,326) Finance income 102 39 100 241 Share of profits less losses of
      1,048 words

  • ASIA-PACIFIC/WORLD
    • 284 20 Papers cite sources saying they may boycott sovereign debt issues Reuters [MANILA] Some foreign investors have threatened to boycott sovereign debt issues by the Philippines after fund managers said they believed short-term players were favoured in a recent bond sale, newspapers here reported
      Reuters  -  284 words
    • 428 20 Reuters [SYDNEY] Investment bankers are scrambling for a slice of an estimated As2oo million (Ss24B million) in fees for Australia's biggest-ever share float the As3o billion sale of telecoms firm Telstra Corp Ltd. The privatisation of the government's remaining 51 per cent stake in Telstra
      Reuters  -  428 words
    • 369 20 [LONDON] Malcolm Glazer is expected to try to persuade the Manchester United board this week to recommend a highly leveraged offer of 285 pence a share for the Premiership club, says a report in The Guardian. Mr Glazer and his sons are
      AP  -  369 words
    • 459 20  -  By AL LABITA in Manila SAN Miguel Corp (SMC) has gained a foothold in the highly competitive food and beverage market in AsiaPacific and the next three years will see it become a major player in the region. Backed by
      459 words
  • Page 20 Advertisements
    • 3161 20 Tn nrl rrttee call toll-free 1800 289 8822 Email: ootices<3sph.com.sg IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF CONRIT PTE LTD (IN MEMBERS' VOLUNTARY WINDING UP) Co. Reg. No. *****1127N NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the members of the abovenamed
      3,161 words

  • WORLD
    • 768 21 Earnings results could help to pare losses suffered this year: analysts Bloomberg [NEW YORK] US semiconductor makers, the stock market's worst performers this year, rebounded in the past month. Earnings reports from companies such as Intel may help the shares pare more of their
      Bloomberg  -  768 words
    • 400 21 AP [WASHINGTON] The Senate on Sunday removed the last major hurdle stalling passage of the most sweeping overhaul of US corporate taxes in nearly two decades. By a 66-14 vote, lawmakers agreed to end the delaying tactics used by opponents of
      AP  -  400 words
    • 367 21 Reuters [NEW YORK] US television viewers have begun to prize the on-demand services that let them choose the programs they want, when they want them, but will they do the same for advertising? Procter Gamble Co. the consumer goods maker, embarks on a new foray
      Reuters  -  367 words
    • 584 21 Bloomberg [SAN FRANCISCO] After clothes, money and a car, an iPod is what US teenagers want most this holiday season. A survey of 600 high school students by Piper Jaffray Co analyst Gene Minister found Apple Computer Inc's digital player No
      Bloomberg  -  584 words
    • 319 21 Reuters [NEW YORK] Superman actor Christopher Reeve, paralysed when he fell from a horse nine years ago, has died in a New York hospital of heart failure, his publicist said yesterday. Reeve, 52, went into a coma on Saturday when he suffered a heart
      Reuters; AP FILE PHOTOS  -  319 words
    • 414 21 AFP Reuters. [LONDON] World oil prices shot to new record high points yesterday, nearing US$54 in New York, amid the start of a general strike in Nigeria and as a longrunning industrial dispute in Norway intensified, analysts said. The price of reference light sweet crude
      AFP; Reuters.  -  414 words
  • Page 21 Advertisements

  • AVIATION
    • 554 22  -  Move aimed at preventing profits from being ravaged by rising oil prices By VEN SREENIVASAN [SINGAPORE] Despite being more profitable and having stronger balance sheets, Asia-Pacific carriers are expected to follow US and European airlines in raising fares. Western carriers, already struggling to get
      554 words
    • 164 22 AP [JAKARTA] Indonesia's top budget carrier Lion Air plans to buy 15 planes to boost its fleet by nearly two-thirds, a news report said yesterday. The expansion will let the airline add several domestic destinations in eastern Indonesia and regional ones including
      AP  -  164 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
      390 words
    • 475 22 Bloomberg, Bernama [MELBOURNE] Qantas Airways Ltd, Australia's biggest airline, is in the "final stage" of negotiations to form an Asian cargo joint venture based in Bangkok, chairman Margaret Jackson said. Qantas is in talks to take a 49 per cent stake
      Bloomberg,; Bernama  -  475 words
    • 412 22 Bloomberg [HONG KONG] China Eastern Airlines Corp, the nation's third-largest carrier, said it has valued the 20 Airbus planes ordered on Oct 10 from the French manufacturer at US$3.4 billion, in its biggest aircraft purchase since 2002. Each A 330-300 plane
      Bloomberg; AFP  -  412 words
    • 288 22 Bloomberg [DUBAI] Dubai, the base of the largest Arab airline, plans to raise an average US$l billion a year for the next four years through bond sales and other borrowings to help more than triple the capacity of its airport. The
      Bloomberg  -  288 words
    • 362 22 Bloomberg [NEW JERSEY] Honeywell International Inc, the world's No 1 maker of cockpit electronics, said global business jet deliveries will increase by at least 18 per cent next year because of new models and economic growth. Deliveries will rise to more than 650
      Bloomberg  -  362 words

  • SHIPPING
    • 434 23 Littoral states have ultimate say over protection of the waterway: Najib AP [KUALA LUMPUR] Foreign powers must not dictate how Malaysia, Singapore and Indonesia protect the adjoining Malacca Strait shipping lanes from threats such as piracy and terrorism, Malaysia's deputy prime
      AP; REUTERS FILE PHOTO  -  434 words
    • 385 23  -  By DONALD URQUHART [SINGAPORE] Malaysia's Port of Tanjung Pelepas said yesterday it handled a record number of containers in the first nine months this year, up 20 per cent on the same period in 2003 as surging global trade continues to push record
      385 words
    • 207 23  -  By DONALD URQUHART [SINGAPORE] Neptune Orient Lines (NOL) said average freight rates and cargo volumes carried by its liner division APL continued to rise on the back of healthy global trade. Container volumes carried by the world's sixth largest carrier rose
      207 words
    • 426 23 AP [MANILA] A bomb probably planted by the brutal Abu Sayyaf group was the cause of a ferry fire in February that killed over 100 people in the Philippines' worst terrorist attack, an investigation concluded yesterday. The A 1 Qaeda-linked Abu Sayyaf, which
      AP; AFP FILE PHOTO  -  426 words
    • 117 23 Bloomberg [SHENZHEN] China's port of Shenzhen, the world's fourth-largest container port, said it may handle about 20 per cent more cargo this year compared with 2003 as the country's rising foreign trade boosts demand for shipping. Shenzhen's cargo traffic will likely rise to
      Bloomberg  -  117 words
    • 284 23 SGX 000 Oct 11 SS *h Vol CH Offshore .0.44 unch 4591 Chuan Hup .0.67 -0.01 3088 Cosco Investment 1.09 -0.01 8414 CWT Distribution .0.55 uncti 577 EzraHldgs 1.21 -0.01 837 Freight Links 0.10 0.01 981 Grand Banks Yacht 0.83 -0.01 38 Java Holdings 1.03 -0.02 2363 K1
      284 words
    • 425 23 Sales volumes rise despite higher cargo prices Reuters [SINGAPORE] Singapore bunker fuel sales volume for August recorded a total of 1.979 million tonnes, the second highest on record, the Maritime Port Authority (MPA) said yesterday. The highest volume was registered in April at 1.985
      Reuters  -  425 words
  • Page 23 Advertisements
    • 38 23 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
      38 words

  • EDITORIAL & OPINION
    • 506 24 EDITORIAL WATCHING US President George W Bush and his Democratic challenger, Senator John Kerry, debating foreign policy in their two recent televised encounters, one gets the impression that the only issue on America's agenda in East Asia is North Korea. Ironically, Mr
      506 words
    • Article, Illustration
      1288 24  - Undemocratic elements of the US form of government, while rooted in history, plague politics today CHRISTOPHER REED The United States is always urging other nations to embrace its form of government. But although it is the world's oldest constitutional democracy formed more than 200 years ago when some important countries
      AFP  -  1,288 words
    • 789 24  -  THE BOTTOM LINE YOGI AGGARWAL TELEVISION is a powerful and thriving medium in India. In a city like Bombay, the viewer has access to nearly one hundred TV channels, a vast majority of them with local programming. But just how big
      789 words
    • 817 25  -  Both US presidential candidates haven't come up with concrete plans to deal with the growing budget deficit By DANIEL ALTMAN NYT DO deficits matter? Both presidential candidates seem to think they do. Yet so far, their comments about the federal government's shortfalls have largely missed
      NYT; FILE PHOTO  -  817 words
    • 898 25  -  WILLIAM PESEK JR Bloomberg CENTRAL bankers are paid to worry and India's has a whole lot to worry about these days. Inflation is surging, bond traders are antsy and Reserve Bank of India Governor YV Reddy is getting an earful from a government that
      Bloomberg  -  898 words
    • 238 25  -  LETTERS TO THE EDITOR Tan Kok Tim I REFER to your news report that oil prices are set to reach their next peak of US$55 a barrel. It is tough. All of us are suffering. Our government has not responded or said
      238 words

  • Page 25 Advertisements
    • 103 25 HAVE YOUR SAY Fax your letters to 6319-8277 or email them to btletterOsph.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
    • 21 25 GOOD GAINS Let your investors know by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg.
      21 words
    • 589 25 Tn mAvrrti** call toll free 1800 289 8822 EauUl: notlceagsph.com.sg IN THE MATTER OF THE COMPANIES ACT, CAP. SO AND IN THE MATTER OF LOH BAN SENG HOLDINGS PTE LTD (Members' Voluntary Liquidation) NOTICE OF RESOLUTION At an Extraordinary General Meeting of the members of LOH BAN SENG HOLDINGS PTE
      589 words
  • Page 25 Miscellaneous
    • 100 25 CRYPTIC CROSSWORD 5 Alexander swallows hot drink (6) s w 'll need 30 lessor? the haV n9 Across: 1 Stick insect, 7 Hit list, 8 31 Court order qets the man to Tickers, 10 Inlet, 11 Doctorate, 12 squirm (6) Deduced, 14 Doublet, 15 Emporia, Down: 1 Settled, 2 Idiot,
      100 words

  • 3901 26 STRAITS TIMES INDEX STOCKS Stock name Wt Oof Change Stock name Wt dose Change Allgreen SOc 0.30 1.060 -0.020 NOL 2.24 3.100 +0.020 BIL Intl US20c 0.47 0.985 -0.005 OCBC 10.63 13.900 -Q.100 CaprtaLand 1.23 1.810 Parkway H 25c 0.68 1.440 +0.010 Chart SemiCond 26c 0.80 1.040 -0.020
    3,901 words

  • 2835 27 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local curr In SS In USS yr Sdy %dy *yr Qcl« tod«» ChJny C»i«r><)» C-.»--ge Omnyr World Index Preliminary 304 7 -03 14 -04 13 0.1 2.9 »EAfI Preliminary 7444 -03 62 02 38 0 7 4.9 Europe Preliminary 1017.7 -03 Si
    2,835 words

  • Page 28 Advertisements
    • 1034 28 I Tmport I NORTH AMERICA AUSTRALIA/NEW ZEALAND I SUPER SHUTTLE EXPRESS (SSX) wssa I m I 111 I i. I jAUSTRAUA ASIA EXPBES3 (AAX) PtO NEDUOYD HOUTMAN 25W38 26/09 13/10 OMIT W li SW Ifl Ml F»l SW WC PtO NEDUOYD KOBE 42W39 03/10 21/10 OMIT PtO NEDUOYD ADELAIDE 02N
      1,034 words
    • 844 28 IINTMASIA KORQ SEKVtCI VBsa/Vor MMrom wghhw rue kh lo I sw I jkt STtAm VENTURE /13 15 3.2 14/10 14/10 21/10 24/10 24/10 STRAITS VENTURE /14 1$ 3.2 29/10 31/10 04/11 07/11 09/11 STRAITS VENTURE /15 15 3.2 12/11 14/11 11/11 21/11 23/11 [WEST ASIA/BENGAL KORQ SVS VKSa/VOY MfW HBCHT(M)
      844 words

  • Page 29 Advertisements
    • 991 29 MOL Combines a range of shipping modes to ensure timely, ratable services covering major ports in hWtti America, Europe, Japan, Asia, Africa Oceania. Also sccspt hrtrrAsia Cf mi to: lUSAN KWANGYANG SHANGHAI YANTIAN XttHW QMGDAO KAOHSHWG lAHGKOK LAW QIAiAHG HOCHUUHH PASW GUDAHG PPIANG POiT IHAHG For Schedules, BL Searches, and
      991 words
    • 1231 29 VESSEL VQY SIN P6U HCM HKG' KYH PUS [VESSEL I VQY S!N «G_ HERTFORD MHL J2ZII M- -LSZlfl—= 1 S"j [Kg I iff* -ML -fL GOLDEN GATE 432W 19/10 jO/jO. J2ZIL— —S °ffA HERTFORD 011N 7/11 3/11 5/11 BRIDGE j 066 A V" 611 •MhlHB-MSlw both Haiti West port VESSEL
      1,231 words
    • 1003 29 W siiS c A WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICQ POINTS VESSEL VOT SM P.KLAN6 COLOM6Q ILSHEVA CQLOM6O AUSTRALIA HIDGt 0080W II 00 13 OCT 16 OCT HfiQ ZUffl mmrawm ypwosi 1100 to on 23 on 26 on woo INDIRA GANDHI 0087W 25 00
      1,003 words

  • Page 30 Advertisements
    • 987 30 Ul&Jlf WALLENIUS WILHELMSEN I WWWW website: http://www.2wglobol.tom AF4JO 3201 ms 6.4 M 16/10 09/11 18/11 25/11 26/11 01/12 29/11 03/12 22/11 TAKO *1421 420T««s 6.4* 01/11 24/11 03/12 10/12 11/12 15/12 13/ 2 17/" 07/ 2 ILG TALISMAN Af422 3201b., 6.3111 15/11 10/12 20/12 27/12 28/12 02/01 31/12 04/01 24/12
      987 words
    • 572 30 m rat Yism m ai_ f°— ?XSda uS 12/ is n/io tmuki 1112 frff. Htun 12/10 13/10 PACIMUN mi Ll/lfl yjjL SIS 13/10 147/10 MLIkU iIH 14/lfl OQ43P 14/10 16/10 MAHIATA2 gll 'V'» »/'0 1 SdazzztjSSii imfi is/19 16/10 17/10 rp£r 0044P 17/10 11/10 VtSSEL M SH fill i32WT~ IZZIO
      572 words
    • 505 30 BSA^ 0 MYANMA FIVE STAR LINE (MyoMiar National Lino) Loading for Yangon VKSft VOY SIN P» PIH rou PAGAN 332W SID HPA-AN 3J6W SU) IN MALAYSIA: lOUSTEAD SHIPPING AGENCIES KUL 03-*****300 PKL 03-*****101 PEN: 04-*****02 a™™ JHM ACCEPTING CONVENTIONAL CSO HKG SIN HKG SIN PGU PU KUC MARINE STAB 60
      505 words

  • THE BUSINESS TIMES SHIPPING TIMES
  • Page 31 Advertisements
    • 100 31 One-Stop Shipping Services Ship Registrations Ship Classifications Radio Accounting Tuvalu, Mongolia, Panama, Quality, Safety, Security ServlCoS Belize and many other flags Surveys and Consultants i Accounting Authority RSO6 Advantages JSBM Most competitive fees low taxes 24-hour efficient service, 365 days a year Worldwide network of surveyors No restriction on nationality
      100 words

  • PROPERTY
    • 1532 32  -  Some banks combine banking and financial planning expertise to develop imaginative loan repayment methods, says BARRY LEA BARRY LEA UNTIL quite recently, most Asia-based buyers of overseas as well as local property have had to resign themselves to accepting the traditional method of servicing a
      1,532 words
    • 682 33  -  Real estate consultants believe that home prices in Bangkok are likely to rise by an average 5 per cent this year, small compared with recent hikes, reports VINCE CHONG VINCE CHONG THAI housing projects were abandoned and prices fell sharply after the Asian financial crisis struck in
      AFP  -  682 words
    • 422 33 Bloomberg [LONDON] UK annual house-price growth eased in August to the slowest rate in three months, a government survey showed, as higher interest rates damped demand. The average cost of a home rose 13.6 per cent to £179,486 (*****,355) after increasing an annual
      Bloomberg  -  422 words
    • 594 34  -  Company plans to explore similar niche regional projects By VINCE CHONG SESDAQ-listed engineering group Tee International has clinched four contracts worth 774 million baht (Ss3l million) to design and build nearly 1,900 specialised low-cost landed housing in Thailand. Awarded the jobs through
      CHRIS LOH  -  594 words
    • 787 34  -  By ANDREA TAN SOME investors are discovering the lure of smallish buildings. At least four have finally secured buyers in the last two months after a long hunt. Property watchers say buildings in the region of $10 million or less have attracted investors with
      FILE PHOTO  -  787 words
  • Page 32 Advertisements
    • 954 32 I TIONG WOON CORPORATION HOLDING LTD Notice is hereby given that the Annual General Meeting of the Company will be held at N0.15 Pandan Crescent, Singapore *****0 on Tuesday, 26 October 2004 at 9.00 a.m. to transact the following business: As Ordinary Business 1. To receive and adopt the Accounts
      954 words

  • Page 33 Advertisements
    • 304 33 r OBart At Nathan Road, In Prime District 10 •2 adjoining land parcels totaling 23,313 sqft Invitation to buy 1 or 2 parcels Plot Ratio 2.8 "RSct* 5 minutes to Orchard CBD om^ouuvmill EMBASSY Of HIE \Q\ Exclusive location close to embassies prestigious —i precincts of Chatsworth, y Bishopsgate Jervois
      304 words
    • 192 33 CONSERVATION SHOPHOUSES _FOR SAJ.E BY TENDER Jniifw v 999-year leasehold Nf« Telok Ayer St near Boon Tat St Jy 4-storey shophouses A/// Comnnorclal Zoning Near Raffles Place MRT Li ft serving every floor /y Recently repainted \x// ,c,ea f° r owner occupation X sgy Jy or investment //> yy Concrete
      192 words
    • 215 33 Absolutely Guaranteed Free furniture and fittings ROADSHOW AT 20 mins drive from Causeway Great World City Located inside Pulai Springs Resort, (near Best Denki) Johor Bahru 15-17 Oct 11am-9pm Free resident's golf membership Prices from $126,600 onwards PROPERTY CONSU1TANTS Gillian Oh 9743 4300 Developer Singapore Office: Robin chia; 984 4
      215 words

  • Page 34 Advertisements
    • 281 34 Kn-Moc Sale ol (.oral Island To Developer. YOUR BLUEPRINT FOR SUCCESS. A Reach Pool of International Buyers Aw aits Your I nic|ue Ne w 1 K clopnu nt. p*$C"- An invitation to tender. This unique en bloc island sale J business I >istnct. it is also within easy reach of
      281 words