The Business Times, 13 October 2004

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Total Pages: 32
1 32 The Business Times
  • 15 1 THE BUSINESS TIMES Wednesday October 13,2004 SINGAPORE 85 cents online at .cx)rvLsg MITA (P) 023/03/2004
    15 words
  • 475 1  -  BT exclusive By DANIEL BUENAS [SINGAPORE] In another sign that the economic recovery is filtering down to the ground, the number of writs of summons filed against individuals and companies fell more than 25 per cent in the first nine months of
    Source: Infocredit D&B  -  475 words
  • 134 1 STI 1,971.04 (-20.95) ST INDEX FUTURES 1,970.00 (-28.00) SIMSCI 236.64 (-2.82) SIMSCI FUTURES 236.30 (-3.40) MARKETS Tuesday Change KLSECOMP 852.80 -2.30 NIKKEI 225 11,201.81 -147.54 HANG SENG 13,251.59 -53.54 SET INDEX 658.27 -19,66 JAKARTACOMP 849.19 -10.95 MANILA COMP 1,784.91 -37.06 SEOUL COMP 858.09 -23.02 SHENZHEN B 246.20 H6.35
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  • 884 1  -  Profit up 31 times to $7.4b in year ended March 2004, but fell sharply in 2003 to $241m from $4.9b By WONG WEI KONG [SINGAPORE] Temasek Holdings' first public annual report shows that its earnings can be as volatile as, if not more than,
    884 words
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  • TOP STORIES
    • 566 2 Temasek report useful but needs more details THE publication ofTemasek's annual report, if anything, marks the beginning of a more transparent Temasek. But, as the investment company grows more accustomed to public scrutiny, it will hopefully be more comfortable about disclosing more than what it has done in
      566 words
    • 649 2  -  Owners' Reit plans on track, but may be scrapped if buyer's offer accepted By KALPANA RASHIWALA [SINGAPORE] The owners of Suntec City, including tycoon Li Ka-shing, are in an enviable position on top of plans to set up a real estate investment
      649 words
    • 879 3  -  TEMASEK'S ANNUAL REPORT Low figure due to shocks like Asian crisis, Sars and 9/11, it says By JOYCE KOH [SINGAPORE] Unlisted companies in the Temasek Holdings stable posted poor performances in the property and telecommunications sectors last year but achieved a turnaround
      Source: Temasek annual report  -  879 words
    • 497 3  -  But investment company has yet to draw on funds By SIOW LI SEN [SINGAPORE] Temasek Holdings can with the approval of the Elected President draw on the government's past reserves for any proposed transaction or for its annual operating budget, its
      497 words
  • Page 2 Advertisements
    • 388 2 ™045o 4 5 r2004 Recent Tax Update On Intercontinental Singapore v Ballroomii Individual Income Tax Registration/ enquiries Ms Karin Fong There have been several changes made to the taxation of Fax: 6532 7662 individuals' income in the last two years. In 2003, the Singapore Tel: 6428 6954 Government introduced a
      388 words
    • 371 2 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 solutions Personal and corporate bank introductions TO ARRANGE A FREE CONSULTATION CONTACT: Simonne Toh T: +65 6535 3382 F: +65 6535 3991 E:
      371 words

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  • COMPANY NEWS
    • 514 4  -  HOCK LOCK SIEW By WONG WEI KONG WAS Temasek Holdings' first ever public annual report worth waiting for? When it was first announced earlier this year that the secretive Singapore investment company would break with a 30-year tradition and publish its annual report,
      AP  -  514 words
    • 479 4  -  It wants to invest US$1-6m in infocomm-related companies By RAJU CHELLAM [SINGAPORE] Venture capital firm iGlobe Partners is looking to fund Singaporebased start-ups in semicon design, telecoms applications and 3G (third-genera-tion) mobile phone content creation. The firm is currently raising US$l5O million in fresh
      479 words
    • 548 5  -  Althorp's role is to turn company into major regional IT services provider By KENNETH LIM FORMER Datacraft Asia chairman Derek Althorp has returned after a twoyear hiatus as an executive director and co-chairman of DMX Technologies Group, a rival network specialist founded by former
      FILE PHOTO  -  548 words
    • 450 5  -  By VINCE CHONG SHOCKED that Wee Poh Holdings has temporarily relieved them of their duties in the group, directors Chew Yin What and Lee Kok Swee yesterday issued a statement to tell their side of their story. Mr Chew, former executive
      450 words
    • 399 5  -  By KENNETH LIM FORMER Citiraya Industries executive director Raymond Ng Ah Hua has bought his way to a 27.7 per cent stake of Leong Hin Holdings through a rapid series of open-mar-ket transactions, the latest a 16.6 million-share purchase yesterday. Mr Ng, who co-founded Citiraya
      399 words
    • 596 6  -  Analysts downgrade the stock over $1.3b sale of key asset By JOYCE KOH THE warm sentiment over SembCorp Logistics' sale of its 20 per cent stake in Swiss group Kuehne Nagel International cooled yesterday as the main-board-listed company took a broadside in analysts'
      596 words
    • 513 6  -  By JEAN CHUA SHARES of Singapore Press Holdings retreated yesterday despite the media group's full-year net profit rising 44 per cent to $546.3 million. The stock dipped 1.7 per cent or eight cents to close at $4.76, with 9.18 million shares traded but
      FILE PHOTO  -  513 words
    • COMPANY BRIEFS
      • 94 6 AUDITORS of Ho Wah Genting International said the company's preparation of financial statements on a going concern basis may no longer be appropriate if a proposed $1 million cash injection and debt-equity swap deal by an investor falls through. Financial statements of Ho Wah's subsidiaries
        94 words
      • 135 6 Reuters CREATIVE Technology plans to raise US$l5O million in the syndicated loan market with a 5-year floating rate deal, debt market news service Basis Point said yesterday. The loan for Singapore-based Creative, known for its Nomad range of digital music players, is being
        Reuters  -  135 words
      • 38 6 BOUSTEAD Singapore Ltd said it bought a stake of 12.58 per cent in subsidiary Salcon Ltd, paying 20 cents a share or $2.59 million. The acquisition raised its stake to 79.17 per cent.
        38 words
      • 48 6 CONSTRUCTION group Yongnam Holdings said 4.9 million shares have been credited to some of its Malaysian trade creditors yesterday. This brings the group's paid up capital to $7.4 million. Yongnam's shares have seen heavy trading volumes in the past two days.
        48 words
      • 79 6 OVERSEA-CHINESE Banking Corporation Ltd said it will sell a 49 per cent stake in associate OCBC-Perdana Futures Sdn Bhd to Villasuria Sdn Bhd for RM5678,653 (*****,956). OCBC-Perdana, incorporated in Malaysia, is a dormant company which ceased operations in April 2001. It used to deal
        79 words
      • 33 6 BUSINESS space provider Ascendas said it will partner India's Mahindra Industrial Park to develop one million sq ft of ready built space at Mahindra City in Chennai.
        33 words
      • 92 6 GOODWOOD Park Hotel Ltd said its flagship hotel along Scotts Road had a open market valuation of 130 million based on its use as a hotel and $128 million in the event of a sale. York Hotel at Mount Elizabeth had a valuation of
        92 words
    • 374 7 It will submit trading plan this month to Malaysia's Securities Commission Bloomberg BURSA Malaysia Bhd, which operates South-east Asia's second-largest stock exchange, will submit a plan this month as part of a tie-up with the Singapore Exchange Ltd to allow their respective brokerages
      Bloomberg  -  374 words
    • 767 7  -  By SIOW LI SEN ABN Amro Futures is poised to tie up with stateowned China Galaxy Securities, the country's largest broker, scoring a coup over global rivals, and it is all driven by the Singapore office. The proposed joint venture could
      FILE PHOTO  -  767 words
    • 443 7  -  By GENEVIEVE CUA THE CPF should be retooled to allow more voluntary contributions, and the contributions should be tax-deductible, says NTUC Income chief executive Tan Kin Lian. In a speech to be delivered today at a pensions and retirement planning conference, Mr Tan said
      443 words
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    • 283 4 Your emDlovee before SRP. Your employee after SRP. A M With SRP, your employees in the electronics industry will never be the same again. Your employees contribute directly to your operating revenue and have an effect on your operating costs as well. So, increasing their skills and productivity translates into
      283 words

  • Page 5 Advertisements
    • 99 5 (01 Service one of the many reasons why premier hotels use 002* v 11 1 i IB 1 II 1 I I 1 I I l if 11 I 11. Wjl i 11 I 1 mm *II mi i £1 I n H \fl H I 11 II if II
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  • Page 7 Advertisements
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  • SINGAPORE MARKETS
    • 898 8  -  CURRENCIES A$, C$ and NZ$ benefit the most from exploding commodity prices LARRY WEE Senior Correspondent AS the US dollar took an untidy turn for the worse again over the past week and stock markets ran out of steam, commodity prices especially oil-related
      898 words
    • 543 8  -  Compiled by KENNETH LIM Utac Oct 12 dose: 59 cents UOB-KAY HIAN RESEARCH, Oct 12 FROM our recent visit to United Test and Assembly Center, we are confident that Utac will be achieving its Q304 sales guidance growth of 10-15 per cent quarter-on-quar-%M*The double-digit sequential growth rate driven
      543 words
    • 397 8  -  STOCKS R SIVANITHY Senior Correspondent In broking circles, the 20.95 points drop in the Straits Times Index to 1,971.04 yesterday might have been described as a "much-needed correction". Certainly, given that the index had risen almost non-stop for four to five weeks and was starting
      397 words
    • TRADES TO WATCH
      • 78 8 GKE International chief executive Azam EssofKolia sold his entire 7.4 million shares to one Liu Jichun yesterday at 18.5 cents apiece in a married deal. Those shares represent 4.21 per cent of GKE's issued share capital. Meanwhile, GKE, a logistics
        78 words
      • 79 8 LINKS Island Holdings deputy managing director Cynthia Tan Kwee Hiang and her husband, former Links Island chairman Winstedt Chong, have raised their stakes in HG Metal Manufacturing again. Mr Chong bought 693,000 shares on the open market on Monday, raising the couple's combined
        79 words
      • 66 8 THE Government of Singapore Investment Corp (GIC) ceased to be a substantial shareholder of TPV Technology on Friday last week after it sold 812,000 shares on the open market for an undisclosed sum. Its stake in the computer monitor maker now stands at 4.99
        66 words
      • 65 8 NEON Liberty Capital Management, which controls several funds, has become a substantial shareholder of First Engineering after buying 1.1 million shares on the open market at about 1.26 apiece on Thursday last week. Neon Liberty now controls a 5.4 per cent stake
        65 words
      • 54 8  -  Compiled by KENNETH LIM CANYON Gate Investments, a key shareholder of Interra Resources, saw its deemed stake pared to 12.94 per cent from 13.5 per cent after 5.4 million shares were sold at 13 cents apiece in a married deal on Monday. Interra closed
        54 words
    • 365 8  -  CHART POINT By LIM SAY BOON OCBC Investment Research AFTER treading water for much of the past week, the Straits Times Index "went under" yesterday big time. The index dived 21 points, confirmed the breaking of an uptrend line at around 1,980,
      Source: Bloomberg  -  365 words
    • Article, Illustration
      412 8 OTHER SINGAPORE INDICES Oct 12 VALUE CLOSE BT OB/OS -289.00 -202.00 BTCADI -*****.00 -211.00 BT 10-day MA -*****.00 -29.00 All-SG Equities 514.61 -6.02 SG Equities Elect 156.94 -1.61 SG Equities Fin 1583.89 -16.62 SG Equities Prop 479.71 -0.48 SIMSCI 236.64 SiMSCI Futures 236.30 -3.40 MOST ACTIVE STOCKS VOLUME Sembcorp Log
      412 words

  • SINGAPORE NEWS
    • 417 9  -  TNT reports tenfold jump in biomedical consignments to S'pore from Japan By CHEN HUIFEN SINGAPORE looks set to benefit from a biomedical outsourcing trend in Japan, following the Japanese government's relaxation of clinical studies rules in March this year. Already, global express and logistics services
      417 words
    • 435 9  -  By VINCE CHONG FIVE properties, including Singapore's oldest building, Old Parliament House, have been named as this year's Architectural Heritage Award winners. This brings the number of winners to 58 since the awards were first given out 10 years ago by the
      435 words
    • 319 9  -  By VIKRAM KHANNA IRELAND strongly supports the proposed partnership and cooperation agreement between Singapore and the EU, on which negotiations have just begun, Irish Prime Minister Bertie Ahem said yesterday, adding that it should be "a rich and comprehensive agreement". The agreement, on
      319 words
    • 138 9 DLV at Dalvey Road, Heeton's most upmarket project to date, is the first upmarket project to be released after the Hungry Ghost Month. Heeton has transformed the former China Embassy site into 25 freehold apartments. Units are priced at $743-sl,ooo per square foot,
      138 words
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  • GLOBAL ENTREPOLIS @ SINGAPORE
    • 528 10  -  Its Torch Center expects to help 20 more tech firms set up here next year By JEAN CHUA THE Chinese government's Torch Center has helped 20 mainland technology firms set up in Singapore this year, and it expects to work
      528 words
    • 367 10  -  By NANDE KHIN FAMILY-LINKED enterprises (FLEs) should balance equity share, form, and structure of ownership in foroign affiliates when they internationalise, the Global Entrepolis@>Singaporo (GES) heard yesterday. "Depending on the industry. it may not be ideal for these FLEs to maintain 100 per cent ownership
      367 words
    • 227 10  -  By DANIEL BUENAS SINGAPORE businesses will soon be able to access first-hand information on about 60,000 tenders and requests for quotations (RFQs) from Australia and New Zealand. Tender Link.com, which provides tender notification services throughout Australia and New Zealand, yesterday signed a memorandum of
      227 words
    • 234 10 DESPITE a larger-than-expected slowdown in Singapore's economy in the third quarter, full-year GDP growth of 8-9 per cent is still achieveable, Minister for Trade and Industry Lim Hng Kiang said yesterday. Mr Lim was speaking to reporters at the official
      TAN SUAN ANN/ST  -  234 words
    • 458 10  -  They should learn to tap unexplored market space By CHEN HUIFEN RATHER than fight for competitive advantage within the same market space, companies should look at making the competition irrelevant through creating new, uncontested market space if they want to achieve
      458 words
    • 221 10 MULTIPLIERS, money, and markets are the three key ingredients for the growth of enterprises, said Heng Chee How, Minister of State for Trade and Industry yesterday. He was speaking at the Leap (Locally-based Enterprise Advancement Programme) award ceremony, where
      221 words
    • 434 10  -  By AMIT ROY CHOUDHURY NETWORK India, which is a private sector led initiative to help Singapore companies that wish to do business in India, yesterday launched a real estate and finance subcommittee at the Global Entrepolis Singapore. Heng Chee How, Minister of
      434 words
  • Page 10 Advertisements
    • 266 10 GES EVENTS DATE/ TIME EVENT VENUE 13 Oct Dialogue with Minister Singapore Conference 4.30pm Mentor Lee Kuan Yew Hall 13 Oct Captains of Industry Suntec Convention 9:ooam Conference Centre, Ballroom 2, Level 2 13 Oct Distinguished Technopre- Suntec Convention 9:ooam neurs Forum 2004 incorpo- Centre, Ballroom 1, rating Forum on
      266 words

  • ECONOMY WATCH
    • 578 11  -  OIL CRISIS Smaller players being squeezed; volume of physical oil traded down By RONNIE LIM [SINGAPORE] Red flags are starting to go up as the oil price nudges US$55 a barrel. Oil and finance houses here are "putting controls in place" to combat the
      578 words
    • 550 11  -  By ANTHONY ROWLEY in Tokyo THE International Monetary Fund is stepping up surveillance of the impact of rising oil prices on member countries' economies in the light of the continuing surge in prices, which yesterday saw November crude reaching
      550 words
    • 541 11 AFP [LONDON] The Organization of Petroleum Exporting Countries says it is doing everything possible to help cool record high oil prices but its inability to meet markets' wishes reduces its credibility and influence, analysts said. Oil ministers of Gulf monarchies assured markets on Sunday
      AFP; AP FILE PHOTO  -  541 words
    • 514 11 Reuters [NEW YORK] If US job growth continues to lag that of most other industrialised nations, the likelihood of more Federal Reserve interest rate hikes will wane, and with it, prospects for gains in the dollar. A weaker-than-expected September US jobs
      Reuters  -  514 words
  • Page 11 Advertisements
    • 40 11 www.tradershotels.com ....„,w PS HOTELS I By Shwgn-la 1 Wmi |iff Ho+ +fc* 11 J ah«d of ihc, rc4t J Smart travellers know. Traders Hotels. Beijing Dubai Manila Shenyang Singapore Yangon Opening: Changzhou (2004) Kuala Lumpur (2005) Kunshan (2005) Suzhou (2005)
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    • 144 11 HR >• XntiliXX t3f Technology is reputable for its curriculum, citing their positive encounters with Curtin's graduates. Source: A questionnaire conducted by SHRI on HR Practitioner's views on educational qualifications. Master of Resource Mgt HRM (Recruitment Selection), Conflict Resolution Process, HRM Strategy Compensation Management Training Development Business Research Project Law
      144 words

  • MALAYSIA
    • 526 12 Move aimed at attracting Asian tourists to buy homes in Malaysia Bloomberg [KUALA LUMPUR] YTL Corp, Malaysia's biggest builder by market value, plans to build luxury seaside holiday homes worth at least US$2 billion in sales, betting on rising demand from Asian
      Bloomberg  -  526 words
    • 2269 12 Vd FSBM 1.09 unch 2 M« nm FTEC Resources .0.51 -0.01 549 Furqan Bus. Org 0.36 0.01 3594 A AM Realty 1-38 -0.03 25 fading 1.47 -0.01 1169 Abric 0 50 unch 76 Gamuda 5.00 -0.05 875 ACP Industries 137 -0.05 87 GeneraJCorp 0.S2 unch 51
      2,269 words
    • 409 12 [KUALA LUMPUR] Francebased CLSA Ltd intends to apply for a foreign stockbroking licence in Malaysia as a move to boost its stockbrokerage and investment banking revenue, according to a report in The Star. "We hope to be considered for one of those
      409 words
    • 277 12 Bloomberg [KUALA LUMPUR] Air Asia Bhd, Southeast Asia's largest discount carrier, has set the price of the shares it is selling to individuals in an initial public offering at RM1.40 (62 Singapore cents). Professional investors, who are being offered most of the
      Bloomberg  -  277 words
  • Page 12 Advertisements
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    • 10 12 k y Premier Properties |HHIH i Exhibition Singapore^HHHHHH 15-17 Oct
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  • INDONESIA
    • 272 13 AFP [JAKARTA] Indonesian presidentelect Susilo Bambang Yudhoyono is to set up a formal inner circle of advisers that will provide round-the-clock assistance to help him govern, an aide said yesterday. "He needs a very coordinated and powerful institution, and this institution will
      AFP  -  272 words
    • 485 13 Poll finds a quarter of respondents fearful that subsidies will be cut Bloomberg [JAKARTA] One-quarter of respondents in an Indonesian survey are concerned about economic programmes to deal with any anticipated increase in fuel prices should the incoming government of presidentelect Susilo Bambang
      Bloomberg  -  485 words
  • Page 13 Advertisements
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    • 1796 13 flmtek 9. NOTICE IS HEREBY GIVEN that the Twenty-Fourth Annual General Meeting of AMTEK ENGINEERING LTD (Business Regn.: *****3886K) will be held at Jurong Country Club, Albizia 2, Level 2,9 Science Centre Road, Singapore *****8 on Thursday, 28 October 2004, at 10.00 a.m. for the following purposes ORDINARY BUSINESS 1.
      1,796 words

  • GREATER CHINA
    • 560 14  -  HONG KONG INSIGHT Hutchison Telecoms' IPO may be snubbed by investors but HK tycoon is still winning lucrative deals despite tough investment climate JEAN CHUA Reporter "HE pretty much owns Hong Kong. Like Stanley Ho owns Macau." This is how a market watcher in
      560 words
    • 247 14 Bloomberg [HONG KONG] Hong Kong fetched HK$9.4 billion (552.03 billion) for a residential site, the secondhighest price ever paid for a parcel of land sold by the government, as developers seek to profit from the market's rebound from a sixyear slump. The Ho Man Tin
      Bloomberg  -  247 words
    • 487 14 AP [PARIS] French companies were counting some 4 billion euros (SsB.3 billion) in spoils after President Jacques Chirac used an official visit to China to boost economic ties in a bid to prevent France from being left behind in the emerging Asian
      AP; AFP  -  487 words
    • 234 14 Reuters [BEIJING] The creator of a popular Chinese all-girls band is being sued for breach of copyright by a man who claims the founder poached his idea and is seeking a symbolic US$5 in compensation, a newspaper said here yesterday. Zhang Tiejun, described
      Reuters  -  234 words
  • Page 14 Advertisements
    • 1027 14 El-Nets Ltd (Incorporated in Singapore) Company's Registration No. *****5255E NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Ei-Nets Ltd will be held on 30 October 2004 at 361 Übi Road 3, Armorcoat International Building, 1" Floor, Singapore *****4 at 11.00 a.m. to transact
      1,027 words
    • 770 14 lIITDA ULTROTECHNOLOGIES LIMITED 0.,, Notice of Annual General Meeting ULTRO TECHNOLOGIES LIMITED (Incorporated in the Republic of Singapore) NOTICE IS HEREBY GIVEN THAT the 17TVI ANNUAL GENERAL MEETING of the Company will be held at 1 Changißuainees Park Avenue 1 #05-01 Uttro Building Singapore *****8 on 29 October 2004 (10.00
      770 words
    • 26 14 m Lianhe Zaobao I Chinese I I high-tech I I firms I I ttfr setting up I I e£3 LL 11 Ei||| iKR y ft I
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  • INDIA
    • 471 15 The bank plans to list its call center and insurance units in next two years Bloomberg [SINGAPORE] ICICI Bank Ltd, India's second-biggest commercial bank, plans initial public offerings for units, including its custom-er-contact and insurance businesses, in the next two years to fund
      Bloomberg  -  471 words
    • 44 15 Reuters [CALCUTTA]Indian actress Koneenica Banerjee posing with jewellery during a promotional campaign in a showroom in the east Indian city of Calcutta on Monday. Indian gold dealers are holding back on fresh purchases, awaiting a drop in high prices. —Reuters REUTERS
      Reuters; REUTERS  -  44 words
    • 269 15 AFP [BANGALORE] India's sec-ond-largest software exporter, Infosys Technologies, said yesterday quarterly net profit jumped 49 per cent, well ahead of market expectations, thanks to a sustained outsourcing boom. Net profit at the Nasdaqlisted firm for the three months to September totalled 4.5 billion rupees (*****.5 million)
      AFP  -  269 words
    • 437 15 Move expected to help firm cut costs, improve flexibility [LONDON] Royal Sun Alliance (RSA) on Monday became the latest company to announce plans to cut costs by axing jobs in Britain and transferring work to India, reports The Guardian. The decision by
      437 words
    • 191 15 Reuters [NEW DELHI] India's Tata and Reliance business groups and a US-based firm have been shortlisted to buy Tyco International Ltd's global telecommunications network, a source close to the bidders said yesterday. The Indian companies' interest in Tyco Global Network, formerly known as
      Reuters  -  191 words
  • Page 15 Advertisements
    • 1605 15 TECH GROUP ASIA LTD (Incorporated in the Republic of Singapore) Company Registration No. *****8621R NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Ninth Annual General Meeting of the Company will be held at the Ficus Room, Jurong Country Club, 9 Science Centre Road, Singapore *****8 on Friday,
      1,605 words
    • 1730 15 TECH GROUP ASIA LTD (Incorporated in the Republic of Singapore) Company Registration No. *****8621R NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the shareholders of Tech Group Asia Ltd (the "Company"! will be held at the Ficus Room, Jurong Country Club, 9, Science
      1,730 words

  • ASIA-PACIFIC
    • 481 16 Investors worry about bankruptcy court hearing and Prachai's objection Reuters [BANGKOK] Creditors gave final approval yesterday to a plan to restructure the U552.95 billion of debt of Thailand's largest corporate defaulter, Thai Petrochemical Industry (TPI), a Justice Ministry official said. The vote
      Reuters  -  481 words
    • 393 16 Reuters [TOKYO] Carrefour is planning to sell its Japanese retail operations to generate cash as its core European sales slump and competition increases, the Asian Wall Street Journal reported yesterday. Quoting people close to the French company, the paper said the world's sec-ond-largest retailer could
      Reuters  -  393 words
    • 349 16 [SYDNEY] Two Australian companies, Westfield and Multiplex, have joined forces with the Reuben brothers, two prominent London-based investors, to make a £585 million (551.77 billion) joint offer for Chelsfield, the privatelyheld UK property group, says a report in the Financial Times.
      BLOOMBERG  -  349 words
    • 344 16 Reuters IMANILAI The Philippines has broken off talks with investors over the sale of its US$2 billion national power grid and will privatise it through a public bidding process instead. Energy Secretary Vincent Perez told reporters yesterday the government ended talks with four local
      Reuters  -  344 words
    • NOTE BOOK
      • 124 16 Bloomberg [SEOUL] Posco, the world's most profitable steelmaker, posted a record 1 trillion won (Ssl .46 billion) net income in the third quarter, as rising Chinese demand helped the South Korean company boost prices. Net income doubled in the three months ended
        Bloomberg  -  124 words
      • 124 16 Bloomberg [BANGKOK] Siam City Bank Pel, Thailand's seventh-largest lender, said third-quarter profit almost doubled from a year earlier because of increased lending. The state-controlled lender's net income rose to 1.39 billion baht (5556.6 million), or 0.66 baht a share, from 717.5 million baht,
        Bloomberg  -  124 words
      • 85 16 Reuters [BEIJING] China's tax revenues are expected to rise at least 25 per cent this year to about 2.6 trillion yuan (***** billion), the China Securities Journal said yesterday, quoting the State Administration of Taxation. China's tax revenues rose an annual 20.3
        Reuters  -  85 words
      • 138 16 Bloomberg [BEIJING] Beijing Capital Land Ltd, the city's second-biggest listed developer by revenue, plans to form a US$9O million Sino-foreign venture with a significant shareholder of a subsidiary to invest in a Beijing residential project. Beijing Capital Land would contribute 55 per cent
        Bloomberg  -  138 words
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    • 8 16 vffip* Iwio, cowwl *9m>*sk a,~. M 218°cil!.r Sr^Sir^SljßßSi?
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    • 102 16 ''EAT ALL YOU CAN" CANTONESE A LA CARTE BUFFET Available daily for Lunch Dinner )L£ Perfect for savouring delectable ■*5 Cantonese dishes...Hai Xiang now offers an irresistible list of dishes to choose from. Hot favourites like Crispy Pork Chop, Braised Shark's Fin Soup with Crabmeat, Stir-fried hai xiang -Pacific Clams"
      102 words
    • 48 16 IMERITUS MANDARIN SINGAPORE T faL dMjjL_ ;>: MM MM -IhhF V a^H YOURCOSY HAVEN AWAITS Relax and unwind after a hectic day's work with a refreshing drink. Reservations: K *the *****286 Mezzanine 2nd floor MERmJS MANDARIN 333 Orchard Road, Singapore *****7. Tel: +65 6737 4411. Fax: +65 6732 2361.
      48 words

  • WORLD
    • 474 17 Newspaper says as many as 12,000 jobs may go in loss-making region Bloomberg [NEW YORK] General Motors Corp said a report it will announce plans this week to cut as many as 12,000 jobs in Europe is "media speculation," as the world's largest
      Bloomberg; AFP  -  474 words
    • 360 17 Bloomberg [AMSTERDAM] Royal Philips Electronics. Europe's third-largest chipmaker, said semiconductor sales will stagnate this quarter after the company reported its biggest profit since the final quarter of 2000. Philips, also Europe's leading consum-er-electronics maker, expects fourth-quar-ter chip sales to be "flat" from
      Bloomberg  -  360 words
    • 196 17 [LONDON] Goldman Sachs Capital Partners has teamed up with Kohlberg, Kravis Roberts, the US private equity firm, to bid for Royal Dutch/Shell's liquefied petroleum gas (LPG) business, which is valued at more than £1 billion (553.02 billion), reported the Financial Times on Monday. Shell has
      196 words
    • 366 17 NYT [WILMINGTON, Delaware] A president of Oracle Corp testified on Monday she expected People Soft's earnings to continue to drop, and while she suggested that Oracle might lower its hostile bid of US$2l a share, she acknowledged that a new price was not
      NYT; BLOOMBERG  -  366 words
    • WORLDWATCH
      • 96 17 Reuters [TOKYO] Global sales of chip-making equipment fell 28.9 per cent in August from July to U552,483 billion, led by a 51 per cent decline in China and 31 per cent drop in North America, an industry group said on Tuesday. August sales were up 70
        Reuters  -  96 words
      • 150 17 AFP [TOKYO] US investment banks JP Morgan Chase and Morgan Stanley have offered to rescue Japan's financially strapped retailer Daiei Inc, a newspaper report said yesterday. The two banks intend to join another US investment firm, Ripplewood Holdings, which has already announced its intention
        AFP  -  150 words
      • 96 17 Johnson Johnson profit up 14% Reuters [NEW YORK] Johnson Johnson yesterday said its third-quarter profit rose almost 14 per cent on higher sales of prescription drugs, but US sales of medical devices slipped on competition from a rival heart device. The company said it had a third-quarter profit of U552.35
        Reuters  -  96 words
      • 81 17 Reuters [TOKYO] The hard disk drive unit of Japanese electronics conglomerate Hitachi Ltd said yesterday it will cut its US work force by 10 per cent, or about 400 jobs, by the end of the year to boost profitability. Hitachi Global Storage Technologies (HGST),
        Reuters  -  81 words
  • Page 17 Advertisements
    • 477 17 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 [(Section 290(2)(b)] AND IN THE MATTER OF AIB MANAGEMENT (ASIA) LIMITED (IN Members' Voluntary Liquidation) Co. Reg. No. *****5518E NOTICE OF RESOLUTIONS At on Extraordinary General Meeting of the Company held at 12 Old Jewry, London EC2R BDP, United Kingdom on
      477 words
    • 687 17 IN THE MATTE* Of THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF OVERSEAS UNION LAND PTE LTD (In Mambwn' Voluntary Liquidation) Company Registration No. *****0633 D NOTICE OF RESOLUTIONS At on Extraordinary General Meeting of the Company held at Conference Room, 33rd Floor, 101 Thomson Road, United Square,
      687 words
    • 895 17 To advertise call toll-free 1800 289 8822 Email: notkesospb.com.sg TEAMSPHERE LIMITED (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Teamsphere Limited will be held at 100 Cecil Street, #15-02 The Globe, Singapore *****2 on 29 October 2004
      895 words

  • AVIATION
    • 811 18  -  Australian regulators' approval of their now aborted alliance makes any second attempt at a tie-up highly likely to succeed VEN SREENIVASAN Senior Correspondent THE Australian Competition Tribunal's nod for a QantasAir New Zealand alliance came too late to save their proposed NZ$55O
      811 words
    • 388 18 Airlines discussing alliance plans that won't breach competition rules Bloomberg [WELLINGTON] The Australian Competition Tribunal has approved an alliance between Qantas Airways and Air New Zealand, a ruling that comes too late to save a proposed tie-up between Australia and New Zealand's biggest carriers.
      Bloomberg; AFP FILE PHOTO  -  388 words
    • 1866 18 CITY FLIGHT ETA FUGHT ETO Colombo SQ401 0730 EK349 0030 MtllMl BA7381 1840 LH9770 2300 1430 EK6173 1530 LH9771 1840 SQ229 2300 UL312 1430 H9 QF81 1840 If? SQ230_1|40 SQ402 2240 Afcm d b d ***** 1400 ***** 0200 Copenhagen SQ351 0530 SK972 2155 AiMMrdam SQ323
      1,866 words
    • 273 18 Bloomberg [TAIPEI] China Airlines, Taiwan's largest air carrier, said its unaudited pretax profit of the first nine months beat its own December 2003 forecast because it flew more passengers and carried more cargo in the period. China Airlines said it may have had
      Bloomberg  -  273 words
    • 268 18 Bloomberg [BANGKOK] Thai Airways International, which gets 80 per cent of its sales from overseas flights, said it's planning to bid for contracts to run airports in Myanmar and Laos to expand its ground handling business. Thai Airways is
      Bloomberg  -  268 words
    • 321 18 AFP [KUALA LUMPUR] Flag carrier Malaysia Airlines System (MAS) and budget carrier Air Asia have been given less than a month to work out a plan of cooperation after they agreed to lay aside their differences to end months of bitter rivalry, reports said yesterday.
      AFP  -  321 words
    • 203 18 Bloomberg [HONG KONG] Hong Kong will announce the allocation of additional flights to China among its airlines by the end of the month following an agreement to boost traffic between Hong Kong and China. "Airlines will be able to start some
      Bloomberg  -  203 words

  • SHIPPING
    • 811 19  -  Strategy to expand from salvage ops pays off at home and abroad By GEORGE JOSEPH [SINGAPORE] PSA Corp's marine services unit Semco is making a name for Singapore in the world markets for long tows and positioning of offshore installations. The
      811 words
    • 373 19 AFP [KUALA LUMPUR] Malaysia may consider joint patrols with Indonesia and Singapore in the Malacca Strait, its navy chief said yesterday as experts warned the busy waterway was vulnerable to a terrorist attack. The three nations launched coordinated patrols in July after
      AFP  -  373 words
    • 285 19 S6X '000 0<t12 SS Vol CH Offshore 042 -0.02 6229 ChuanHup .0.67 -0.01 2406 Cosco Investment 1.06 -0.03 ***** CWT Distribution .0.55 unch 257 EzraHldgs 1-20 -0.01 1121 Freight Links 0 10 unch 200 Grand Banks Yacht 0*2 -0.02 20 Java Holdings 1.03 unch 2774 K1 Venture —.027
      285 words
    • 785 19  -  STRAIT TALK By DAVID HUGHES SOMEWHERE in the subconscious of most ship masters and mates lurks the dread of somebody on board developing acute appendicitis while the vessel is far from shore. Should such an unfortunate event occur there would be nothing for it
      785 words
    • 466 19  -  By DONALD URQUHART [SINGAPORE] Aiming to create a world class container transhipment port about the current size of Singapore's, the Vietnamese government has given the green light for the US$3.6 billion Van Phong port project midway up the country's eastern seaboard.
      466 words
  • Page 19 Advertisements
    • 104 19 One-Stop Shipping Services Ship Registrations Ship Classifications Radio Accounting Tuvalu, Mongolia, Panama, Quality, Safety, Security S©rviC6S Belize and many other flags Surveys and Consultants Accounting Authority RSO6 Advantages m Most com P etitive fees ,ow taxes m 24-hour efficient service, 365 days a year Worldwide network of surveyors aKw'' 141
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  • EDITORIAL & OPINION
    • 488 20 EDITORIAL IT is now well accepted that the outsourcing of services is an unstoppable trend which is at a relatively early stage and will grow rapidly, perhaps exponentially, in the years to come. Singapore entities both the government and companies based here need to focus on how
      488 words
    • 900 20  -  The outcome of the US presidential contest in November may hinge on unforeseen events By PAUL WEST LAT-WP October surprise. Those two words can give campaign strategists the shivers and keep presidential candidates awake at night. This year, President George W Bush and Senator
      LAT-WP; AFP  -  900 words
    • 669 20  -  THE BOTTOM LINE FRANK CHING FRENCH President Jacques Chirac's five-day state visit to China underlined the growing closeness of the two countries, which embarked on a strategic partnership seven years ago. A joint communique issued before the president's departure from Beijing said
      669 words
    • 149 20 'We've gone into Iraq for oil and nothing else. Now we have to pay more for it the gas prices, plus the overhead to support the troops in Iraq.' Trien Pham, an American engineer, who voted for President Bush in 2000 'If you want to get a
      149 words
    • 846 21  -  But if he wants to take control of the budget deficit, Indonesia's president-elect will have to face up to cutting fuel subsidies ANDY MUKHERJEE INDONESIA'S president-elect, Susilo Bambang Yudhoyono, faces a task that's as unpleasant as it is necessary. Sometime soon after his inauguration next week,
      REUTERS  -  846 words
    • 707 21  -  By JAY HANCOCK LAT-WP CORPORATIONS, I know what you didn't do last summer. You didn't spend much of your enormous cash hoards on building factories or buying equipment. You didn't hire many employees. You didn't give good raises to the workers you had. And
      LAT-WP  -  707 words
    • 385 21  -  LETTERS TO THE EDITOR Ang Hao Yao Singapore RECENTLY, there has been much interest in investors losing money in unit trusts (UT). I believe that the performances of UTs may be improved if the UT launching requirements are made more similar to that of
      385 words
    • 96 21  -  Denis Distant WHEN the autoteller machine was a novelty here, it took a few weeks of waiting before the ATM card, ID and PIN arrived in the mail. Today, open a bank account and you can walk out of the bank with the card, ID
      96 words

  • Page 21 Advertisements
    • 103 21 HAVE YOUR SAY Fax your letters to 6319-8277 or email them to btlett«r©spH.com.sg or wr te to: The Business Times, SPH HQ, 1000 Toa Payoh North, Podium Level 3, Singapore *****4. We need your Wl name, address and telephone number for verification. Please use temperate language, and bear in mind
      103 words
    • 501 21 /O/ Goldtron Limited <co no. *****0234E) -J I Incorporated in The Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Forty First Annual General Meeting of GokJtron Limited ("the Company") will be held at 21 Serengoon North Ave 5 #06-02, Singapore *****4 on Thursday. 28
      501 words
  • Page 21 Miscellaneous
    • 153 21 CRYPTIC CROSSWORD DOWN 2 a teamaward f 13 f^9 ht a Pay war? (5) RedtaJ*, *0* Aesop, 11 Spreading, 3 f ,owing 14 g^th p nsonchtobe /I iSkSnnrp in the 15 Anger management re- 26 Concurred, 28 Clean, 29 Tear Eminence in the quired in mountains (5) gas 30 Lea
      153 words

  • 8940 22 STRAITS TIMES INDEX STOCKS Stock name Wt dose Change Stodi mm Wt Owl Chiae Allgreen 50c 0.31 1.080 *0.020 NOL 2.25 3.080 -0 020 BIL Intl US20C 0.47 0.990 *0005 OCBC 10.51 13.600 -0.300 CaprtaLand 1.25 1.820 +0.010 Parkway H 25c 0.67 1.410 -0.030 Chart SemiCond 26c 0.79
    8,940 words

  • 5903 23 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES I* local curt la si In IKS <ty yr tfy *yr dy *yr Oct It lod«» Change Cringe Ch.tr.ge P.»r-jt World lnd& Preliminary 803,0 00 J.I 0.0 16 00 27 tBtftPrefcniroiv 7*34 -01 60 -01 3.7 -0.1 40 famefteBminanr »0"S.S 42 0.4 20
    5,903 words

  • Page 24 Advertisements
    • 2071 24 I TO USA/CANADA I I EXPORT I I OTHER DESTINATIONS I |vgsa VOY PKG |ETA SH|LONG BEACH [DALLAS HOUSTON[MEMPHK |CHICAGO| NEW YORK TO AUSTRALIA (AUSTRALIA ASIA EXPRESS) PtO NEDUOYD HOUTMAN 26E42 OMIT 13/10 I 29/10 04/11 05/11 03/11 03/11 06/11 ytsSEL VQT ETA SIM PKG ERE I INE SYD MEI
      2,071 words
    • 954 24 IINTIRAStA RORO SERVICE vpsa/voY Mwrorn HBcwnw ikg kch 10 sw jkt STRAITS VENTURE /13 15 12 14/10 It/10 21/10 24/10 24/10 STRAITS VtMTURE/14 IS 3.2 21/10 31/10 04/11 07/11 01/11 I STRAITS VEWTURE /IS 15 3.2 12/11 14/11 11/11 21/11 23/11 WIST ASIA/BENGAL RORO SVS VtSSa/VOY RAMKKT) HBGHTtfI) TOK KEE
      954 words

  • Page 25 Advertisements
    • 1043 25 MOL Combines o range or snipping mooes 10 ensure iwneiy, renooie services covenng mujor pons m North America, Europe, Japan, Aski, Africa Oteania. Aba accapt fair*-Ask Cotjms te WSAN KWANGYANG SHANGHAI YAMTUN XIAMBI QMGOAO KOAWAN JAKARTA SURAIAYA KAOHSIUIiC iAHCHOK IAH> CHAIAMG tWOMIUNH PAS* GUOAHG fOIANG PORT BBLAH6 For Schedules, BL
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    • 1332 25 vessd. ror sin hq hkg ichh iwc kyh fus vessel voy sin jkt sub hkg usn pus HYIKIOGE 084S 21/10 23/10 8/10 30/10 1/11 VII VI) KMT(SINGAPORE 4US 17/10 20/10 21/10 26/10 30/10 31/10 HTVLADIVOSTOK 14fS 2S/10 30/10 VII 4/11 1/11 10/11 10/11 KMTC SHANGHAI 412S 24/10 27/10 2»/10 2/11
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    • 969 25 <8 a®HQS*, WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICD POINTS rasa vot sin f.Kumc cotomo n sheva couxuo AUSTVHA »>lt>&t WWW lIOCT 13 PC 16 OCT HOCT 22Q0 itowfawiu rrwosi hop 2000 230 a 2*on won WPIM6AHPHI OM7W 25 OCT 27 OCT 30 OCT 02
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  • Page 26 Advertisements
    • 1416 26 UUf WALLENIUS WILHELMSEN website: http://www.2wfllobal.(om VESSEL VOY [RAMP UK MAO HOW Ml* SAV »AL ORF NTC KW 101 TAMERLANE AF42O 3201 ms 6.4 M I 16/10 09/11 18/11 25/11 26/11 01/12 29/11 03/12 22/11 TAIKO AF42I 420Tms I 6.4 M I 01/11 24/11 03/12 10/12 11/12 15/12 13/12 17/12 07/12
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    • 1409 26 _msß as cai _msa m su jkl CSf?3Ol 0043? !iZIO U/10 mm 1134 14/14 U/10 PAC lAMDA Ulia liZlfl 15/10 AIAHIAT* 1 ASIA 11/111 22/14 PAC Mj> L3I9M 16/10 17/10 HCimUM J27fl 20/14 23/10 CSF 2301 0044P 17/10 1«/10 I PAOAU 4137 j 23/10 26/I.TI paciawda U2911 iz/lfi u/io est
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    • 163 26 *B» VfiY EU TO PCSTIWATtOW UMTT 32/10 lt/10 20/10 KUTUNG/PKLIALAM FORTUNE 32/04 16/10 11/10 JAMM/KKANMRU PERTAMA 20/04 16/10 17/10 PAUMIANG/PAIUAN6 MAHARM 11/04 15/10 16/10 KUWAM/UKMMAWE PUUUJWEH 01/04 11/10 20/10 SAIANG/MAIAHAYATI HAH OAK 21/04 11/10 20/10 KNG*JUI/PADAW6 VQY QA ft? DtSTIWATTOW PARADISE 12/04 15/10 17/10 JAKARTA/OGAMNG FAJAR MAS 17/04 1»/10 20/10
      163 words
    • 564 26 BSA ik l| Bßsf e TT9BnVsWVS9 l V3fll^^Hr MYANMA BH FIVE STAR LINE (MyaiMor National Line) Loading for Yangon VtSSft VOY SIN Pitt PEN PGU PAGAN 336W 31/10 HPA-AN 326W SU> IN MALAYSIA: lOUSTEAD SHIPPING AGENCIES KUL 03-*****300 PKL 03-*****101 PEN: 04-*****02 ACCEPTING CONVENTIONAL CBO HKG SM HKG SIN PGU
      564 words

  • Page 27 Advertisements
    • 1134 27 I\W"m /I /I S'pore Agents lAL SIMm AfMCT (S) Pte Ltd (CR NO: 1 **********Z) (if 180 CerJ Street, 1-03 Imkofc Bonk IwUra Singapore *****6 crnterasia JUines w 6323-6466/77 «T3M33 w.t.ru: SUPER EXPRESS SERVICE TO HOWQ KONQ A JAPAN rasa vot osk >o» suz to ro» ws m sgp rasa
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    • 332 27 I Tp T CARRIERS ixi MTMUm HWISS SIWKI WIIKLY FIXED DAY s*l ING SINGAPORE PO»T HA»t YAWGOW ivpsa VOY ait i m ton TAH6OHSTM M2H 00/10 WH> 07/10 THU 10/10 SUN GBHONO GH42ON 01/10 HI 11/10 WON 13/10 FRI TMIMHSTM -3U* H/lOfW U/iOMON w/iaai HMSSHsut urn 12/n mi istn So*
      332 words
    • 812 27 /T~] Qn? I IMPQ MAIN: TEL: 6221-1333 FAX: 6221-5272 /fty Lllltv OPERATOR CUSTOM® SQtYKfc TIL 6221-5596 FAX: *****190 /LJCm] SINGAPORE: TONG XX) SNIPPING PTE UD d NO: *****M0000C Ei-ol: Wtbute: www.^i«ms.c(m __|iWUUI BI9MII, iY'TIfIftMPWITH/M' rasa vot msw nj ww uu ha vtssa "voy" tnsw ~mu""aii~ vroa voy rnsw "iST uw
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    • 211 27 Lmcr brxakbulk torque S.I. Atio/USA vita ver»o SPECIALISE IN HEAVY LIFTS A PROJECT CARGO MVMXKmULOMr KV MDUSTRIAt (BfTURY 20/11 Odarhtliirak HOUSrow DwVntrWV (CUSTOM HYS7K nfH Othtn portt in USA, Mexico, Carribmar A South America on inducemm*. sinoapori mjgmui Hiop Wooa Shipping (S) Pt« Ltd Ivwl Aomdes Sda BU g*222 6Sn>?
      211 words
    • 482 27 225,1 "-MO 22 24/10 3031/101 ■MMN!ran£ ll iU ,92 10 26 28/10 02-03/11 I Hiflßm 227N 23-24/10 29 31/10 06-07/11 I 228N 26-27/10 02-04/11 09-10/11 gBBWUGEKSEA 229N 30-31/10 05-07/11 13-14/11 159I 59 22 2 3/10 30-01/11 09-10/11 1 ■■■■Krum&P 24-25/10 31-02/11 10-11/11 B|H|iP6EßaiFf gfc*MjlMjjALSAM___ 163 18-19/10 23-24/10 044)5/11 Hiil S
      482 words

  • THE BUSINESS TIMES SHIPPING TIMES
    • 6850 28 ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyaft Telephone SHI oesfn Name Naae number Number SW Desfn Nana Mane Nnabar Manbar 20/10 27/10 B'tang Mas CEC MORNING MS104N *****968 To ABIDJAN (ABJ) 2003 Cote D'lvoire 20/10 27/10 Gemartrans CEC MORNING MSL04N
      6,850 words
  • Page 28 Advertisements
    • 99 28 One-Stop Shipping Services Ship Registrations Ship Classifications j Radio Accounting i Tuvalu, Mongolia, Panama, Quality, Safety, Security i ScrvlCGS Belize and many other flags Surveys and Consultants i Accounting Authority RSO6 B, Most competitive fees low taxes 24-hour efficient service, 365 days a year Worldwide network of surveyors s£& M
      99 words

  • MOTORING
    • 462 29  -  CEO tells SAMUEL EE 6% hike for European cars, motorbikes and commercial vehicles is due to weaker Sing dollar and inflated claims SAMUEL EE MARKET leader NTUC Income has raised the insurance premiums for European cars, motorcycles and commercial vehicles by 6 per cent because
      FILE PHOTO  -  462 words
    • 783 29  -  By SAMUEL EE GERMAN premium carmaker Audi is eyeing 15 to 20 per cent of Asean's luxury car market after it sets up production facilities in the region. Last year, luxury car sales in the three major Asean markets Thailand,
      CHRIS LOH  -  783 words
  • Page 29 Advertisements
    • 472 29 Call toll-free 1800 289 8822 i IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF 1. WAH-CHANG INTERNATIONAL CORPORATION PTE LTD Registration No. *****1029 M 2. WAH-CHANG OFFSHORE CO PTE LTD Registration No. *****5344H (In Members' Voluntary Winding Up) NOTICE IS HEREBY GIVEN that the
      472 words
    • 1970 29 Notices NOTICE OF THIRTEENTH ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Thirteenth Annual General Meeting of Aussino Group Limited will be held at 290 Orchard Road, #17-04 The Paragon, Singapore *****9 on Thursday, 28 October 2004 at 3:00 p.m. tor the following purposes: As Ordinary Business 1. To
      1,970 words

  • EXECUTIVE MONEY
    • 1131 30  -  YOU AND THE TAXMAN Rather than expense options and erode profit, companies could rework the mix between base salary, annual and longer term incentives By POK SOY YOONG, CHAI SUI FUN LAST week, we discussed the impact of Financial Reporting Standard 102 (FRS 102) on share-based
      1,131 words
    • 317 30  -  By Chua Boon Lee Global smal capfcalsation companies hate continued to outperform in 2004> art tffce last rtoe-morth trend were to persist 2004 wl mark ihe tfth consecutive year fiat tNs asset das has outperform Us lager brethren. The amuafised return of te MSO World Smal
      317 words
    • 1056 31  -  MONEY MATTERS Rising oil prices today aren't likely to cause the navoc they wreaked in past oil crises WONG SUI JAU OIL rose past US$54 per barrel yesterday. As prices continue to rise, more voice doomsday scenarios. Are these fears overdone? Is oil really going to
      1,056 words
    • 718 31  -  GENEVIEVE CUA Personal Finance Editor IT is tempting to think that wealthy clients have it all. They have private banks jostling for a piece of their account. They have access to various products that are labelled for "restricted" sale. To top it all, they can invest
      718 words
    • 4333 31 UNIT TRUSTS FUNDS MS Asset Mgt ShemonTwmQtf .455/1.513 AW im™ >M K'nani Japan G/UlMhl* 7 0.903/0.939 n tjj Mend*j Cap Pro Fd 0 9763/ ""ijw Shentun Thrml" 2292/2 384 Star Europe Bond 27* 1455/1 499 I* 0 *W Shen,on lncom »< USD l 0.866/0892 Star Asian Tiger Egy 0.89* shemonAsiaPacifkl**
      4,333 words
    • 757 32  -  'Sophisticated' investors stand to lose some measure of regulatory protection with new rules for financial advisers. GENEVIEVE CUA reports GENEVIEVE CUA lEW advisory rules are set to apply to a segment of the ft wealthy or emerging A Iff wealthy, as defined under amendments to the
      757 words
  • Page 30 Advertisements
    • 291 30 SUBSCRIBE NOW AND STAY COOL ALL YEAR ROUND. i'C. s m ilHv J3BBUBffl^ r mg Img W* i '<tk I, *9H A stylish mini-fridge is yours (while stocks last) if you subscribe to ■>—me: The Business Times. Plus, you'll enjoy 10% off when you sign up 'i^sxsjirJS^ for one year.
      291 words


  • Page 32 Advertisements
    • 199 32 MONEY T MATTERS Are we in for a third oil shock? Here's why jSKS the world won't be hit as hard PG3I m 4R» The marque of prestige comes with its own rewards. 1 The Jaguar S-Type and the Jaguar X-Type two icons that more than deliver on prestige and
      199 words