The Business Times, 14 October 2004

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Total Pages: 32
1 32 The Business Times
  • 13 1 THE BUSINESS TIMES MITA (P) 023/03/2004 Thursday, October 14,2004 SINGAPO^mai- 'online at http://business-times.asial.com.sg
    13 words
  • 617 1  -  All 128 STPL employees will leave by year end By WONG WEI KONG [SINGAPORE] Just a day after releasing its first public annual report, Temasek Holdings yesterday announced a restructuring exercise that will put the companies and assets of Singapore Technologies Pte Ltd (STPL)
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  • 128 1 sn 1,971.15 (+0.11) ST INDEX FUTURES 1.970.00 (unch) SIMSCI 236.71 (+0.07) SIMSCI FUTURES ***** (+0.10) MARKETS Wednesday Change KLSECOMP853.31 +0.51 NIKKEI 225 11,195.99 5,82 HANG SENG 13,171.58 -80.01 SET INDEX 661.29 +3.02 JAKARTA COMP 863.17 +13.97 MANILA COMP 1,790,73 +5.82 SEOUL COMP 856.18 -1.91 SHENZHENB247.27 +1.07 BOMBAY IND
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  • 54 1 TOP STORIES... PG 2,3 COMPANIES... PG 4-9 MARKETS PG 8 BLUE CHIPS PG 10 SINGAPORE PG 12 ECONOMY PG 14 M'SIA .PG 15 INDONESIA PG 16 INDIA PG 17 CHINA PG 18 WORLD PG 19 AVIATION PG 20 SHIPPING PG 21 EDITORIAL ..PG 22-23 STOCKS PG 24-25 BIZIT PG
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  • 340 1  -  Retiring officers fail to warm up to HR pitch By SIOW LI SEN [SINGAPORE] The battle lines were drawn. On one side, OCBC Bank's human resources team; on the other, a group of middle-aged army and airforce officers. The HR platoon gave
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  • Page 1 Advertisements

  • TOP STORIES
    • 626 2  -  Ergo is also looking at Hongkong Land's CityLink Mall By KALPANA RASHIWALA [SINGAPORE] Parties linked to German insurance giant Ergo which made a splash on the local property scene when it bought a chunk of Wisma Atria and Ngee Ann City are said
      FILE PHOTO  -  626 words
    • 720 2 Bets on yuan surge pared after Beijing quashes talk MARKETS expectations of a near-term revaluation of the Chinese yuan cooled yesterday after Beijing's foreign exchange regulator dismissed talk of such a move as groundless. The yuan premium on non-deliverable forwards, a dollar-based derivative investors use to take positions
      720 words
    • 59 2 OUR report, "Gleneagles, Andong General set up first* Korean clinic here" (BT, Oct 12), said the clinic is equally owned by Gleneagles Hospital and Andong General Hospital. Gleneagles has clarified that it owns 40 per cent of the clinic, and the remaining 60 per cent is owned by Andong
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    • 542 3 China regulator quashes market talk of currency revaluation soon Bloomberg [SINGAPORE] Traders decreased bets the yuan will rise after China's foreignexchange regulator said rumours of a revaluation are "without basis". Bets on a currency gain on Monday rose to the highest since Oct 1
      Bloomberg; ADAM LEE/ST  -  542 words
    • 395 3  -  By ANDREA TAN [SINGAPORE] Accounting is running hot, with the Big Four firms looking to hire about 540 or 80 per cent of Nanyang Technological University's accountancy graduating class. At last night's NTU Networking Night attended by representatives of the Big Four,
      395 words
  • Page 2 Advertisements
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    • 7 2 C.A.T.S. Buy It. Sell It. Find It.
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  • Page 3 Advertisements
    • 125 3 Asia Pacific is in fashion. And an affluent population is constantly looking for the latest clothes and accessories. Whether .y mv£ 4- '3a I if you're looking to export the finest bales of cotton or import sewing machines, our express distribution and logistics services can connect you to where the
      125 words

  • COMPANY NEWS
    • 530 4  -  Counter is most active stock, with 96.5m shares changing hands By ROLAND LIM STARHUB'S flotation, Singapore's biggest this year, got off to a less than impressive start when it closed yesterday 3.5 cents below its offer price of 95 cents, effectively
      BLOOMBERG; Source: Bloomberg  -  530 words
    • 584 4  -  HOCK LOCK SIEW By R SIVANITHY AT the start of this month, Wall Street's VIX and VXN indices sank to their lowest in about eight years. To some traders, this automatically means it's time to turn bearish because such low readings indicate heightened complacency in the
      584 words
    • 538 6  -  At 3%, Temasek's return is way behind Fortune 500 median of 10.5% By JOYCE KOH IT is a tale of different headlines which screamed varied stories about the same figures, butTemasek Holdings' total shareholder returns (TSR) over 10 years actually trail behind those of
      538 words
    • 349 6  -  S'pore Pools tops its unlisted units with 59.7% ROE By VINCE CHONG GAMING and power were among Temasek Holdings' better business bets for unlisted companies for FY2003, with its power-related and Singapore Pools units producing credible returns on equity. Singapore Pools raked up the
      349 words
    • 4665 6 UNIT TRUSTS FUNDS DK ami Mat Shenton Twm Gw 1.434/1.491 Japan Growth!* 0.8*0.926 1,^ r An,ro^ A, (S Mendaki Cap Pro Fd 0 9763/ Star Europe Eqty -<X73/ shenttxiTlmftr* 2.2402.336 Star Euope Bond UTV shenton Income 1.454/1 498 Star Europe Bal 1.051 shenton lncome<USD) 0.863/0.889 Star Asian Ijger E<*y 0884/
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    • 297 9  - CCT beats forecast with 11 rise in income to $20.1m By ANDREA TAN CAPITACOMMERCIAL Trust (CCT) yesterday announced a distributable income of $20.1 million, up 11 per cent from its earlier forecast for the period from May 15 to Sept 30. This translates to an annualised distribution per unit of
      297 words
    • 177 9 KWEK Leng Beng's Millennium Copthorne Hotels pic has agreed to sell a shopping centre and a marina facility in Australia for Aslll million (Ssl36 million). M&C, controlled by Mr Kwek's City Developments Ltd, said Birkenhead Investments Pty Ltd had agreed to sell the
      177 words
    • 620 9  -  Two-pronged attack: Emphasis on marketing and huge rollout of products By KENNETH LIM MAKE no mistake: Sim Wong Hoo wants to be the Apple killer. With its new "take no prisoners" Zen Micro music player, Creative Technology plans to overtake Apple as
      FILE PHOTO  -  620 words
    • 314 9  - Possible takeover bid for Elec Eltek By JOYCE KOH A BID by Kingboard Chemical Holdings to acquire the Hong Kong parent of Singapore's Elec Eltek International Company (EEIC) may result in a takeover bid for the latter at US$2.B5 a share. Hong Kong's family-con-trolled Kingboard, which makes laminates and printed
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    • 599 9  -  Petra Foods also unveils IPO plans to raise up to $174m By AMIT ROY CHOUDHURY AZEUS Systems Holdings, which prides itself as having a long track record of meeting the Hong Kong government's information technology outsourcing needs, launched its initial public
      599 words
    • 401 9  -  By KENNETH LIM LOOKS like an initial public offering in February wasn't enough to satiate Midas Holdings' appetite for cash. The China-based aluminium and plastic pipe extruder now wants to raise $34.65 million more in net proceeds through a placement of 100
      401 words
  • Page 4 Advertisements
    • 141 4 COMMERCE. SYNCHRONISED. ae^w l 2-rss. v, i-* 1 >ff M "*f*jll! ,,..Mg3jB| JJ" i 1 •^•>1 "v- dgB- A.j '^S''-*££%> £tWw lk Total vision <t fl HBv- .C: SB J£SESSS^» t <-«« J®®® That's what you get when T-"-'"' II,. tHM» y° u rna nage your shipping "ftr I' \nL-*r*
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  • Page 5 Advertisements
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  • Page 7 Advertisements
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  • SINGAPORE MARKETS
    • 552 8  -  STOCKS Banks again contribute the most to index's movements; StarHub becomes latest IPO victim R SIVANITHY Senior Correspondent STOCK market bulls were hoping for the Straits Times Index (STI) to put some clear daylight between itself and the 2,000 mark before the end of
      Source: Bloomberg  -  552 words
    • Article, Illustration
      982 8  -  Compiled by KENNETH LIM DMX Technologies Group Oct 13 dose: $14)7 DAIWA INSTITUTE OF RESEARCH, Oct 13 DMX'S appointment of an industry veteran may suggest improved in-vestor-relations coverage and a better technical outlook. We also expect the high-profile appointment of Des Althorp, former chairman of Datacraft Asia, as
      Source: Bloomberg  -  982 words
    • Article, Illustration
      399 8 OTHER SINGAPORE INDICES Oct 13 VALUE CLOSE BT OB/OS -209.00 +80.00 BTCADI -*****.00 +9.00 BT 10-day MA -*****.00 -21.00 All-SG Equities 515.54 +0.93 SG Equities Elect 157.45 +0.51 SG Equities Fin J 578.12 -5.77 SG Equities Prop 476.79 -2.92 SIMSCI 236.71 +007 SiMSCI Futures 236.40 +0.10 MOST ACTIVE STOCKS VOLUME
      399 words
    • 495 8  -  CURRENCIES LARRY WEE Senior Correspondent FOR the first time in six sessions, oil prices fell at the London opening yesterday, and prices of other commodities, as well as currencies, adjusted in tandem. Overnight, the benchmark CRB index fell back more than four points from
      Source: Reuters  -  495 words
    • TRADES TO WATCH
      • 143 8 LEONG Hin Holdings directors have been selling their shares on the open market amid a series of open-market purchases by former Citiraya director Raymond Ng, who emerged as the company's largest single shareholder on Tuesday. Leong Hin executive chairman Chan Peng Kheng sold 3.6 million
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      • 43 8 GOH Lik Kok, commercial vice-president of Singapore Technologies Engineering's auto unit, sold all his 2,417 shares in the defence group on Monday at about $2.15 apiece. ST Engineering shares gained one cent to close at $2.11 yesterday.
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      • 100 8 HORIZON Education and Technologies president Faisal Alsagoff bought 300,000 shares on the open market yesterday at 18 cents apiece and now has a 2.83 per cent stake from 2.77 per cent previously. Earlier this month, the director's shareholdings took a cut when four million shares
        100 words
      • 84 8 BROADWAY Industrial Group executive director Ng Ah Hoy's deemed stake has been reduced to a mere 1,000 shares less than 0.01 per cent of the mainboard-listed company's share capital after spouse Goh Kim Kee sold 80,000 shares on Friday last week. The shares were sold
        84 words
      • 93 8  -  Compiled by KENNETH LIM PCA Technology executive chairman Ng Yiak Say bought 250,000 shares this week as the printed circuit board assembly specialist reported a net profit of $2.5 million for the six months ended Aug 31, 2004, a 114.2 per cent jump.
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  • Page 9 Advertisements
    • 107 9 Exhibition and Sale w*it Sunday, 17 October 2004 y 1| Jf" 1m Session I starting at 10 30 B' f Session II HShB Sunday. 17 October 2004 THE DHARMAWANGSA The Ballroom tfc* ,lR* Brawijaya Raya No. 26 Kebayoran Baru •IP A I Jakarta ***** Indonesia Public Viewing Friday 15 October
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    • 98 9 Our qualified professionals MR/ j can assist you with offshore structures, shalf companias and incorporations in ALL jurisdictions including: British Virgin Islands Islands Bahamas Mauritius IHHHHHHHH Hongkong Samoa Full nominee, management, secretarial, banking and corporate administration services are available. We also specialize in offshore trusts for assets protection estate planning.
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    • 12 9 I CD I |g Lianhe Zaobao S'pore I ±s»fflK-A>r*i£jß I I 200IgWMIffffltt?
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  • BLUE CHIPS
    • 925 10  -  Kim Eng sees SGX as a leveraged play when sentiment rebounds, but other brokers are not so sanguine, reports WONG WEI KONG WONG WEI KONG WHAT'S another call option on the Singapore market? It could be the stock of the Singapore Exchange (SGX)
      BLOOMBERG; Source: Bloomberg  -  925 words
  • Page 10 Advertisements
    • 1231 10 PERTAMA HOLDINGS LIMITED (INCORPORATED IN THE REPUBLIC OF SINGAPORE) PERTAMA NOTICE OF ANNUAL GENERAL MEETING group NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at 315 Outram Road #01 01/02 Tan Boon Liat Building, Singapore *****4 on Thursday, 28 October 2004 at 09:30
      1,231 words
    • 1396 10 C.A.T.S. Buy It. Self It. Find It. To advertise call toll-free 1800 289 8822 Email: notices@sph.com.sg LOST SHARE CERTIFICATES NOTICE IS HEREBY GIVEN that the undermentioned original share certificates have been reported lost or destroyed:SINGAPORE SHIPPING CORPORATION LIMITED Shareholder's Name Certificate No. No. of Shares Disco Corporation *****135 62,500 STARHUB
      1,396 words

  • GLOBAL ENTREPOLIS @ SINGAPORE
    • 365 11  -  Over 60% of Seeds companies have launched their own products services By NANDE KHIN BUSINESSES under the Startup Enterprise Development Scheme (Seeds) are expected to generate $350 million in value-add and more than 1,400 jobs by year end, said Vivian Balakrishnan, Senior Minister of State
      JOYCE FANG/ST  -  365 words
    • 407 11  -  By CHUANG PECK MING SINGAPORE will continue to have an edge over its South-east Asian neighbours as economic competition heats up in the region, according to Minister Mentor Lee Kuan Yew. While China and India will take over the things Singapore does, as
      ARTHUR LEE  -  407 words
    • 208 11  -  By AMIT ROY CHOUDHURY A SOUTH Korean company has introduced a software that can locate laptops that have gone missing, including stolen ones, at this year's Global Entrepolis Singapore. Developed and marketed by a South Korean company SyNET Electronics the nTracker software, apart
      208 words
    • 508 11  -  Two funds to be set up with total target size of US$300m By CHEN HUIFEN THE private equity fund industry got a boost yesterday with the setting up of an office here by Swiss-based Partners Group and the launch of two funds with a
      508 words
    • 374 11  -  By CHEN HUIFEN JAPANESE firm Hippocrates has set up a subsidiary in Singapore to lead the way for shifting the manufacturing of its healthcare kits here next year. Hippocrates which is raising its capital here from $100,000 to $1 million in the next
      374 words
    • 206 11 DATE/ TIME EVENT VENUE 14 Oct TechVenture Asia 2004 Suntec Convention 9am Centre, Ballroom 3, Level 2 14 Oct Asia Pacific Entrepreneurs Suntec Convention 9am Conference Centre, Ballroom 1, Level 2 14 Oct Design or Resign Suntec Convention 2pm Centre, Meeting Room 303,304, Level 3 14-15 Oct Global
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    • 675 11  -  3 firms with ventures overseas recount their experience By JEAN CHUA SINGAPORE'S small and medium enterprises that want to go overseas have to watch out for the pitfalls of doing business in an alien environment, where everything from legal systems to
      675 words

  • SINGAPORE NEWS
    • 604 12  -  Foreign cardholders rack up US$92m on transport, US$75m on medical services By VINCE CHONG SINGAPORE'S growing status as a regional travel and medical services hub was underlined yesterday when Visa International revealed that foreign spending in both categories in Singapore has jumped significantly since 1999.
      Data source: Visa Int'l 2004  -  604 words
    • 256 12 A HUMAN side to the flurry of corporate fund-raising that has been taking place for The Bull Run 2004 surfaced when staff from the Singapore Exchange (SGX) visited the Autism Youth Centre on Sept 30. There, they visited 17-year-old Chong Wei Lun, who has improved
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    • 331 12  -  By KENNETH LIM SINGAPORE has fallen one spot to No 7 in the World Economic Forum's (WEF) annual competitiveness ranking, overtaken by Norway, which moved up from ninth place. Taiwan, meanwhile, moved up one rung to fourth position, with its technology rating second
      331 words
    • SINGAPORE ROUNDUP
      • 64 12 THE Ministry of Health (MOH) has advised Singaporeans travelling to the Northern Hemisphere during the winter season to get an influenza vaccination jab at least one to two weeks before departure. MOH also advises the elderly aged 65 years and above, those with chronic
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      • 38 12 SWEDEN'S largest medical training centre, Karolinska Institutet (KI), has opened its first overseas office at the National University of Singapore. The outfit will be a co-ordination centre for its research collaborations here.
        38 words
    • 383 12  -  S'pore beats cities like Tokyo, NY, Melbourne, Sydney and London By SIOW LI SEN FOR those who had suffered in the most recent two-hour blackout on June 29, here is the good news: Singapore Power has managed to reduce the power interruption
      383 words
  • Page 12 Advertisements
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  • Page 13 Advertisements
    • 1099 13 Advertising Feature Great Eastern raises OCBC Bank $220,000 for the elderly jrr. corporate partners. The funds raised From EURO RSCC are channelled to Golden Care a lone- Chairman of Great Eastern Holdings, Mr Michael Wong Pakshong paying tribute to the Conner of OCBC Bank, CEO MrAKWongofOAC Malaysia elderly Director af
      1,099 words

  • ECONOMY WATCH
    • 509 14 They want new import restrictions to stave off further job loss next year Reuters [WASHINGTON] US textile groups unveiled plans on Tuesday to ask the Bush administration to restrict billions of dollars in pants, shirts, underwear and other textile imports from China, setting
      Reuters; AFP FILE PHOTO  -  509 words
    • 575 14 Bloomberg [WASHINGTON] Record oil prices and weaker-than-expected hiring since June will cool the US economy in the last three months of the year and into 2005, following a third-quarter rebound, according to a survey of economists. The world's largest economy will grow
      Bloomberg  -  575 words
    • 290 14 Reuters [NEW YORK] Chief executives in the United States are not as pessimistic as the Business Council thought last week when it issued its economic survey, the group said on Tuesday, citing a "tabulation error". The Business Council, a group of
      Reuters  -  290 words
  • Page 14 Advertisements
    • 2098 14 Notices SECOND CHANCE PROPERTIES LTD 4 Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held m Room W-12. 17* Floor, FWC Building. S Cross Street Singapore 0**424 on the W day of October
      2,098 words
    • 330 14 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 MAXWELL SYNERGY PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of the Company convened and held at 10 Collyer Quay #2101 Ocean Building, Singapore *****5 on the 4th day of October, 2004, the following resolutions were duly passed
      330 words
    • 343 14 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF AUANDES RENT-A-CABIN PTE LTD (IN CREDITORS' VOLUNTARY LIQUIDATION) Extract of the minutes at the Extraordinary General Meeting of members of Allondes Rent-A-Cobin Pte Ltd convened and held at Equity Plaza 20 Cecil Street #12-02 03 Singapore
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  • MALAYSIA COMPANIES
    • 598 15 Developers will then have a fresh financing avenue, not just banks Reuters [KUALA LUMPUR] Malaysian developers hope a recent tax change will breathe life into a market in property trusts that could allow them to sell some of Kuala Lumpur's spanking
      Reuters  -  598 words
    • 581 15 [KUALA LUMPUR] With a cash pile of more than RM4 billion (Ssl.B billion), which includes US$6OO million from recently raised funds, Genting Bhd is now the subject of speculation as to where it is going to put its money, says a report in Malaysia's
      FILE PHOTO  -  581 words
    • 303 15 Bernama [KUALA LUMPUR] Soon-to-be listed on the Mesdaq market of Bursa Malaysia, The Media Shoppe Bhd (TMS), is eyeing more than 30 per cent growth in its turnover for the financial year ending Dec 31, 2004. Last year, the company registered a
      Bernama  -  303 words
  • Page 15 Advertisements
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  • MALAYSIA/INDONESIA
    • 471 16 Faster-than-expected rise follows raising of taxes on cigarettes and alcohol Bloomberg [KUALA LUMPUR] Malaysia's consumer prices rose faster than expected in September as the government raised taxes on cigarettes and alcohol. The consumer price index rose 1.6 per cent from a year earlier,
      Bloomberg  -  471 words
    • 541 16 AFP [KUTA] Indonesia's Bali island has turned a corner in rebuilding its tourist industry after the bomb attacks exactly two years ago but the recovery, now led by Asian visitors rather than the Westerners who once flocked here, is far
      AFP; AP  -  541 words
    • 425 16 Stronger domestic demand seen boosting economy Reuters [JAKARTA] Indonesia's central bank says stronger domestic demand is expected to help the economy grow by close to 5 per cent in 2004, the upper end of its forecast range. The bank previously predicted the economy
      Reuters  -  425 words
    • 2355 16 vol FSBM 1.09 unch 0 Pan W- rooo) FTEC Resources .0.51 unch 1718 Furqan Bus. Org .0.36 unch 838 AIM Realty 133 -0.05 26 Gadang 1.47 unch 803 Abnc -0-50 unch 100 Gamuda 5.00 unch 2003 ACP Industries 1.40 0.03 (3 General Corp .0.52 unch 51
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  • Page 16 Advertisements
    • 1501 16 Notices 5 ifo] Kian Ann Engineering Ltd The Trusted Name In Tractor And Diesel Engine Parts INCORPORATED IN THE REPUBLIC OF SINGAPORE CO REGNO. *****1102H NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Kian Ann Engineering Ltd ("the Company") will be held at
      1,501 words

  • INDIA
    • 458 17 Software exporter will continue to expand overseas workforce Bloomberg [BANGALORE] Infosys Technologies Ltd, India's second-largest software exporter, says it has enough visas for its workers in the US over the next year as the overall number available is cut, and the company will
      Bloomberg; AP  -  458 words
    • 180 17 AP [BANGALORE, India} Google Inc founders Larry Page and Sergey Brin are touring India, where they plan to hire white-collar workers in engineering, online sales and support, news reports said yesterday. "We are committed to grow faster in India and we see that there
      AP  -  180 words
    • 400 17 Reuters [NEW DELHI] India's industrial output, which accounts for nearly a quarter of the country's economy, rose in the year through August but slowed from July as a truckers' strike disrupted shipments, data showed on Tuesday. Analysts said the marginal decline may signal the
      Reuters  -  400 words
  • Page 17 Advertisements
    • 166 17 A ascendas Behind India's best hi-tech parks. I Irrtern imtJu M ''**'n Ft' w fcJ^SjLjl International Tech Park, Chennai Ascendas is Asia's leading provider of total business as we've satisfied the business space needs of space solutions. Our portfolio in India includes clients like Citibank, Eli Lilly, IBM, SAP, Sony
      166 words
    • 327 17 nl Calul-fret INt 299 8822 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 KENC.IN ENTERPRISE PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of the Company convened and held at 33 Loyang Way, Singapore *****1 on 29 September 2004, the following resolutions were duly passed 1.
      327 words
    • 1086 17 *^^^e^Q^Jj^^^to^ert^^^totHre^86^28^M22/BiiMih^otice8@sphxom^sg A L.C. Development Ltd (Incorporated in Singapore) NOTICE IS HEREBY GIVEN that the 32nd Annual General Meeting of the Company will be held at the Board Room of the office of L.C. Development Ltd, 1 Selegie Road, #03-01 Paradiz Centre, Singapore *****6 on Thursday, 28 October 2004 at 10.00
      1,086 words

  • GREATER CHINA
    • 331 18 Quotas expiring at year-end and domestic producers boosting output Bloomberg [BEIJING] China's textile exports may rise by at least 24 per cent to US$lOO billion next year from 2003, as quotas on textile trade expire at the end of this year and domestic
      Bloomberg; AFP  -  331 words
    • 395 18 Bloomberg [HONG KONG] Shares of Cheung Kong (Holdings) Ltd and Sun Hung Kai (SHK) Properties Ltd fell yesterday as investors worried that Hong Kong's two biggest developers may have paid too much for building sites at a government land auction. Cheung Kong shares
      Bloomberg  -  395 words
    • 44 18 AFP [HANGZHOU] Chinese college students showing off various traditional cheongsams. during a fashion show in Hangzhou, in eastern China's Zhejiang province, on Tuesday. The fashion show, entitled the Flora Ages, highlighted various cheongsams from the different decades. —AFP
      AFP  -  44 words
    • 296 18 Buoyed by rise in global demand for goods from China and intraregional trade Reuters [HONG KONG] Hong Kong's buoyant export performance should continue in the next few months, underpinning economic recovery, although the pace of growth in shipments will probably moderate, says
      Reuters  -  296 words
  • Page 18 Advertisements
    • 65 18 <* c*wm Wk Vnother Singaporean upgrade I|P W^u^sSfll A v > •> <! THinfn Ktl urirtrtT- From sleepy island to Asia's gateway. Trading post to biotechnology hub. The story of Singapore is a tale of successful upgrades. *JL~ HMu On 19 Oct, look out for its latest chapter when The
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  • ASIA-PACIFIC/WORLD
    • 451 19 Q3 income up 15% at US$1.91b; inventory to be cut further in Q4 Bloomberg [SAN FRANCISCO] Shares of Intel Corp, the world's biggest computer-chip maker, rose as much as 4 per cent after the company surprised investors by trimming its record stockpiles.
      Bloomberg  -  451 words
    • 367 19 Bloomberg [LOS ANGELES] Yahoo Inc, owner of the world's sec-ond-most-used Internet search engine, said thirdquarter profit more than tripled on higher advertising revenue and a gain from selling shares of Google Inc. Net income rose to U*****.3 million, or 17 cents a share, from U5565.3
      Bloomberg  -  367 words
    • 950 19  -  JAPAN INSIGHT Proposals to turn loans into grants will destroy any chance of inculcating a sense of self-help in developing countries ANTHONY ROWLEY Tokyo Correspondent Sometimes it seems that the world of economic development and foreign aid has gone quite mad. Some people want
      950 words
    • 413 19 AFP [LOS ANGELES] US software behemoth Microsoft on Tuesday unveiled a new technological assault that will bring music, movies and television into consumers' living rooms via their home computers. Microsoft chief Bill Gates unveiled the expanded Windows XP Media Center 2005 operating system,
      AFP; AP  -  413 words
    • WORLD WATCH
      • 64 19 Bloomberg [NEW YORK] IBM Corp introduced two computers to try to win sales from EMC Corp in the US$3O billion market for machines that store and retrieve data. A spokesman said IBM will launch a new model costing U*****,000 called the DSBOOO. It replaces IBM's Shark
        Bloomberg  -  64 words
      • 59 19 Reuters [MANILA] Philippine property firm Metro Pacific Corp yesterday said it decided to buy out the minority interests in its shipping unit and delist the firm from the stock exchange. Metro Pacific, which owns 97.19 per cent of Negros Navigation Corp (Nenaco), will make a
        Reuters  -  59 words
      • 66 19 Bloomberg [JAKARTA] PT Indofood Sukses Makmur had its foreign currency debt rating outlook raised to stable from negative, Moody's Investors Service said. "The change in outlook reflects the company's maintenance of its dominant position in Indonesia's instant noodle and flour markets although profitability is declining its
        Bloomberg  -  66 words
      • 76 19 Bloomberg [MUMBAI] Tata Consultancy Services Ltd, India's biggest software maker, said second-quarter profit fell 10 per cent because of a one-time charge for an employee stock purchase plan. The company added about 4,000 workers as it signed up 52 new customers in the quarter Net income
        Bloomberg  -  76 words
    • 205 19 Reuters [BANGKOK] Thai Oil sold US$7B9 million of shares yesterday in the country's largest IPO after investors bid the highest price expected, lured by the refiner's strong profit margins. The initial public offering allowed creditors led by Goldman Sachs, Credit Agricole Indosuez and Deutsche
      Reuters  -  205 words
    • 314 19 Bloomberg [NEW YORK] Bill Gross, who runs the world's biggest bond fund at Pacific Investment Management Co (Pimco), said in a report that the government's inflation figures are a "con" because they inaccurately calculate Americans' cost of living and hurt holders of
      Bloomberg  -  314 words

  • AVIATION
    • 388 20 Through-life maintenance not included in deal: Japanese airline AP Reuters [TOKYO] Japan's All Nippon Airways yesterday selected UK firm Rolls-Royce to supply engines worth US$l billion for Boeing 7E7 airliners it has on order. Japan's No 2 airline ordered 50 of the
      AP; Reuters; FILE PHOTO  -  388 words
    • 1780 20 CITY FLIGHT tTA FLIGHT ITO Davao MI566 1920 MI566 0920 Adalalda LH9771 1840 BA7382 2215 D *< hl SQ407 ?710 IC856 1145 5Q230 1840 QF82 2215 IC857 1025 SQ408 1850 Amftardam S0323 0615 GA974 0130 Danpaiar Ball 5Q141 1145 SQ142 0935 KL837 1450 KL838 2255 *****
      1,780 words
    • 559 20 Lenders agree to extend bankrupt carrier's financing Reuters [ALEXANDRIA, Virginia] The government has thrown US Airways a lifeline until the middle of January, agreeing with key lenders to extend financing the bankrupt carrier must have to operate, court records showed on Tuesday. If
      Reuters  -  559 words
    • 211 20 AFP [PARIS] The co-chief executive of the European defence and aeronautic consortium EADS on Tuesday denounced the subsidies he said were enjoyed by US rival Boeing in the development of its 7E7 aircraft as "totally unacceptable". Ratcheting up the rhetoric in a
      AFP  -  211 words
    • 167 20 AP [KUALA LUMPUR] Hundreds of passengers on a Malaysia Airlines flight to London were evacuated before their plane was scheduled to take off when a Vietnamese man claimed he had a bomb, airline officials and news reports said yesterday. Authorities searched the plane and
      AP  -  167 words
    • 398 20 Bloomberg [MlLAN] Alitalia, Italy's largest airline, needs to raise 750 million euros (Ssl.6 billion) from private investors and is considering swapping debt for shares as part of a plan to break even in 2006. Finding private partners "will not be impossible", chief executive
      Bloomberg  -  398 words
    • 241 20 Bloomberg [BRUSSELS] Europe's airlines face a sixth straight year of unprofitability in 2004, because of higher fuel costs, an industry group said. "We expect the recent fuel-price increases to wipe out any prospects for profit in 2004 for the European airlines at
      Bloomberg  -  241 words
    • 249 20 Reuters [BRUSSELS] Even if global courier DHL were to limit the use of noisy planes at Brussels airport, this would not be enough to reach a deal on its planned expansion, a key regional Belgian minister was quoted as
      Reuters  -  249 words

  • SHIPPING
    • 772 21  -  Breakthrough if India-China trade booms, says feeder line By DONALD URQUHART [SINGAPORE] Bay of Bengal container feeder specialist Bengal Tiger Line (BTL) has called the waters of the Indian subcontinent home for nearly two decades, but expansion last year into the Arabian Gulf may be
      772 words
    • 241 21 Bloomberg [MELBOURNE] Patrick Corp, Australia's biggest port cargo handler, and other stevedores will impose a levy on shipping containers from January to cover the cost of increased security to protect ports from terrorist attacks. Patrick will begin negotiating the charge with shipping lines within
      Bloomberg  -  241 words
    • 374 21 Securing qualified crew for the vessels will be a challenge Bloomberg [PERTH] Mitsui OSK Lines, Japan's second-largest shipowner, said the number of liquefied natural gas tankers is likely to more than double by 2015 in order to meet expected growth in consumption
      Bloomberg; FILE PHOTO  -  374 words
    • 156 21 Bloomberg [LONDON] An oil tanker owned by Teekay Shipping Corp ran aground off the east coast of Jutland, Denmark, with 68,000 tons of crude, the Danish Maritime Authority said. The Luzon Spirit foundered near the Danish oil terminal Fredericia in the Little Belt,
      Bloomberg  -  156 words
    • 443 21 Reuters [SEOUL] Panamax dry bulk rates for the key US Gulf-Ja-pan route advanced this week as Chinese players returned and also due to growing hopes that demand will stay strong ahead of the year-end, brokers said on Tuesday. With the return
      Reuters  -  443 words
    • 629 21  -  By GEORGE JOSEPH [SINGAPORE] A Japanese official has called for more equitable cooperation among the major users of the Straits of Malacca to help littoral states cope with safety, security and environmental protection of the strategic sealane. And for this to
      629 words
    • 283 21 Source: Moneyline Telerate SGX '000 Oct 13 SS W- Vol CH Offshore 0.42 0.01 2566 ChuanHup .0.66 -0.01 1139 Cosco Investment 1.05 -0.01 ***** CWT Distribution .0.55 unch 116 EzraHldgs 1.22 0.02 273 Freight Links 0.11 0.01 1102 Grand Banks Yadit .0.84 0.03 21 Jaya Holdings 1.04 0.01
      Source: Moneyline Telerate  -  283 words

  • EDITORIAL & OPINION
    • 531 22 EDITORIAL IT seems that every observer from the US Treasury Secretary to Korea Economic Daily thiijks China has to, and will, revalue its currency within a year. Although there has long been speculation that the Chinese government will have to give in to international, and particularly
      531 words
    • 965 22  -  Once the poster child of recovering Asian economies, South Korea is now on dangerous ground By ALAN WHEATLEY Reuters FOR the first few years after the 1997/98 Asian financial crisis, South Korea could do little wrong. It was the poster child of reform and recovery. Now,
      Reuters; AFP  -  965 words
    • 751 22  -  BOTTOM LINE ROBERT SAMUELSON The Washington Post Writers Group THE US Census Bureau's annual figures on family incomes and poverty were bound to become familiar factoids in the Bush-Kerry combat. The numbers seem to confirm what many people feel: the middle class is squeezed;
      The Washington Post Writers Group  -  751 words
    • 458 23  -  LETTERS TO THE EDITOR Lim Guan Hua Singapore I REFER to your Page 1 report, "Temasek annual report shows volatile earnings" (BT, Oct 13). The total shareholders' return (TSR) of 3 per cent is nothing to shout about. In fact, it's depressing. Let me
      458 words
    • 291 23  -  Narayana Narayana Singapore WHILE appreciating the explanations given in Singapore Telecom's letter, "Sing Tel working to ease trading" (BT, Oct 1), it is still not clear how it helps holders of small lots of Sing Tel shares to dispose of them effectively at minimum cost.
      291 words
    • 758 23 A range of worries has global investors on the defensive, with most shunning heroic calls Reuters NO heroics, none but the brave, wait and see. These are the new watchwords. Investors are treading so carefully as the fourth quarter gets underway and next
      Reuters; AFP  -  758 words

  • Page 23 Advertisements
    • 128 23 HAVE YOUR SAY Fax your letters to 6319-8277 or email them to btletter@sph.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
      128 words
    • 234 23 Robert Kiyosaki S$Z%r /IN SINGAPORE (Limited seats left!) > 4th November 2004 (Thursday) X# f fJL>• > 7.30pm 10.30pm > Singapore Expo. Hall I TAKE CONTROL OF YOUR FINANCIAL FUTURE You may have heard of Rich Dad. Poor Dad by best selling author Robert Kiyosaki. It is a story of
      234 words
  • Page 23 Miscellaneous
    • 62 23 CRYPTIC CROSSWORD mg firms are 26 Drunk given presentence YESTERDAY'S SOLUTION 28 hunttd out and 5*6 22 23 25 punisnea w 24 Owner, 26 Metal, 27 Feather- Capjta| |etter g Aspers|on< 1Q Rect Ratl J 2 6 Mason DOWN us er, 28 Coastline. an gl e 13 Waged, 14 Fatso,
      62 words

  • 10775 24 STRAITS TIMES INDEX STOCKS Stodmut Wt Oof ttnge Stodnuw Wt Oom dunge Allgreen 50c 0.31 1.070 -0.Q1Q NOL 2.17 2.970 -0.110 BIL Intl US20c 0.47 0.995 4-0.005 OCBC 10.51 13.600 Capita Land 1.23 1.790 -0.030 Parkway H 25c 0.70 1.470 +0.060 Chart SemiCond 26c 0.80 1.030 +0 020
    10,775 words

  • 6013 25 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In tool cwt In M to USS dy f dy %y» S dy Syr Qtt 12 lnde» Ch»nqe Chang* Chmge Change Omngt Chang* WorldIndex Preliminary 798 0 -0.7 2.5 4 7 10 -0.9 18 t IAFE Pretirninary 737.1 -0.9 5.1 -1.1 IB -1.4
    6,013 words

  • Page 26 Advertisements
    • 1072 26 I IMPORT I NORTH AMERICA AUSTRALIA/NEW ZEALAND I 3UP£R SHUTTLE EXPRESS (SBX) jAUSTOALIA ASIA EXPRESS (AAX) i VISSU VOT LG» SIN PKG PtO NEDUOYD KOBE 42W39 03/10 21/10 OMIT lOS ANGELES EXPRESS 08W40 06/10 24/10 26/10 PW NEDUOYD ADELAIDE I2N OMIT OMIT 09/10 12/10 16/10 20/10 20/10 PtO NEDUOYD SOUTHAMPTON
      1,072 words
    • 875 26 IINTCRASIA RORO SERVICE vpsa/vor Mwrom hbghtuw m km u> i si jkt I STRAITS VEIfTUtE/13 15 3.? 14/10 14/10 21/10 24/10 24/10 STRAITS VENTURE /14 IS J. 2 21/10 31/10 04/11 07/11 09/11 STRAITS VENTURE/15 IS 3.2 12/11 14/11 U/ll 21/11 23/11 1 WIST ASIA/BENGAL RORO SVS yissa/voT »A»ftim jjjjjgjjj)
      875 words

  • Page 27 Advertisements
    • 931 27 MOL Combines o range of shipping modes to ensure timely, reliable services covering major pods m Norm America, Europe, Japan, Asia, Africa Oceania. Also Kctpt htrt-Ask Corjm Ik For Schedules, BL Searches, and Container Tracking, visit on our Home Page: www.hamburflsud.ioni Hambur(^^6i"jd ASAf StUYia (EXPORT) looki-c HoHbc (45) 6222-2M3 .SAK
      931 words
    • 1287 27 KsaHHffl VESSEL VOY ST PGU HCM_ JOH_ I VESSEL VOY TT KG mmm awl jazw mLJiM-——=—— fajgjg -gg g- HERTFORD 011 M 2/11 3/11 5/11 n_ [HHELZZ QZ2ft M SZU!— GOLDEN GATE 433N </ll 10/11 Ml BRIDGE 066 A 4/11 6/11 *(dh§HK-IH6>— *VSLcotng both North I Wtstport VESSEL VQYTPKG SIN
      1,287 words
    • 988 27 WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICQ POINTS vtssn. voy sm P-klang couhuo ushcva cotomo AUSTOAUA MIDGE OOBOW 11 OCT 13 00 16 OCT 19 OCT 22 00 HOT*PtKWHA YPWOSI HOP 20 OCT 23 OCT 26 OCT 29 OCT IHPIM 6AWPHI SS6HL 25 QCT ZLgfl
      988 words

  • Page 28 Advertisements
    • 1280 28 UmMW wallenius wilhelmsen website: http://www.2wglobal.tom VESSEL IX MAO HOU« WIA SAV »AL ORF NYC NEW MO» TAMERLANE AM2O 320TMS I 6.4 M I 16/10 09/11 18/11 25/11 26/11 01/12 29/11 03/12 22/11 TAMO AF42I 420TMS 6.4 M 01/11 24/11 03/12 10/12 11/12 15/12 13/12 17/12 07/12 TALISMAN AF422 1 320T—s
      1,280 words
    • 825 28 YtSStt Jffll SB EflL__ YKSB. YQI SM iW CSF23OI __wa li/15 !±/lfi_ PACMU 4134 IMS 11/lfl PACIAHPA IllKi }|Zlfi 1 V'O till ***** 22/111 PACBAWA WW I*/1Q 17/10 PK lIHTiW 22Z0 Wlfl 23/lfi Cif 2301 0044P lZZifl U/10 PAC Mil 4137 23/10 It/10 PAC IAWDA 'MOW 12ZU 11/10 of 2301
      825 words
    • 496 28 BSA x MYANMA n FIVE STAR LINE (Myannar National Line) Loading for Yangon VESSEL VOY SIN PKI KM PGU PAGAN 336W 31/10 HPA-AN 326W SU) IN MALAYSIA: IOUSTEAD SHIPPING AGENCIES KUL 03-*****300 PKL 03-*****101 PEN: 04-*****02 ACCEPTIN6 CONVENTIONAL CflO HKG SIN HKG SIN PGU PKI KUC MARINE STAR 60 SU>
      496 words

  • THE BUSINESS TIMES SHIPPING TIMES
    • 6404 29 ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Oest'n Name Name Number Number SIN Dest'n Name Name Number Number 25/10 08/11 HamburgSud EVER GIFTED 114W *****133 To ABIDJAN (ABJ) 2003 Cote D'lvoire 28/10 09/11 HamburgSud DAINTY RIVER 136W *****133
      6,404 words

  • BizIT
    • 624 30  -  Local start-up WinEdge Wireless beats a leading Japanese chipmaker to supply the toymaker with chips for a new breed of electronic toys, reports RAJU CHELLAM RAJU CHELLAM A 1 i 111 e known Singapore start-up h a s bagged a major deal
      ARTHUR LEE  -  624 words
    • 293 30  -  By RAJUCHELLAM THE toys and games market in the US crossed US$35 billion last year, up some 4.4 per cent over 2002, according to Euromonitor International, one of the leading providers of consumer market intelligence worldwide. Here's some more data on the games that Americans play:
      293 words
    • 204 30  -  There will be more than 30 exhibitors from Singapore By ROLAND LIM MORE than 30 Singapore companies will participate in CeBIT 2005, the world's largest Information and Communications Technology (ICT) exhibition, which is set to see a record 6,224 exhibitors. Of these, 1,500
      204 words
  • Page 30 Advertisements
    • 420 30 BENEFIT FROM A RANGE OF SOLUTION-SPECIFIC WORKSHOPS FEATURED WORKSHOPS: Linux for SMB and Enterprise Deployment Alternative Office Suite with Star Office™ SECURITY WORKSHOPS: The Three Security Threats Beyond Your Imaginations (Part 1 and 2) Beyond SSL VPN Enabling Mobile Secure Access, Enabling Mobile Security INFRASTRUCTURE WORKSHOPS: The Enterprise Mobility Case
      420 words
    • 26 30 International Enterprise Singapore will be leading a group of local technology companies exhibiting as part of a Singapore Pavilion at the CeBIT 2005 in Hannover, Germany.
      26 words

  • PROPERTY
    • 577 31  -  Owners who are reasonable with their pricing can expect to do deals By KALPANA RASHIWALA THE recent collective sale of Falcon Crest in the prime Draycott area is galvanising more owners of upmarket freehold residential land sites in the prime districts to
      577 words
    • 260 31 ASCENDAS and its Indian partner L&T Infocity yesterday inaugurated a new multi-storey information technology (IT) complex in Hyderabad called Cyber Pearl, which provides 270,000 sq ft of space to cater to technology-related businesses in India. According to an Ascendas spokeswoman, 80 per cent of
      260 words
    • 1018 31 Brought to you by HSBC PROJECT NAME; PROP CONTRACT TENURE BUIIT-IN/IAND PRICE PSF STREET NAME TYPE DATE AREA* (SQ FT) (SS'OOO) (S$) District 04 NON-LANDED Caribbean At Keppel Bay Apt 99 1281 805 629 Caribbean At Keppel Bay Apt 13/09/2004 99
      1,018 words
    • 276 31 Maryland Point goes to MCL Land for 167m MCL yesterday signed a deal with the majority owners of Maryland Point to buy the freehold Katong property for $167 million, confirming an earlier BT story. The price works out to $351 per square foot of potential gross floor area, including a
      276 words
    • 261 31 PROPERTY developers appear to be testing the market with mid to high-end project launches, and this weekend will see United Overseas Land (UOL) releasing its 118-unit Newton Suites at an average of $845 per square foot. Niche developer and wet market operator Heeton Holdings is also
      261 words
  • Page 31 Advertisements
    • 107 31 Got the right home? Now get the right home loan. Buying a house in Singapore is a heavy investment. However, you can still have the freedom to live life the way you want, with HSBC home loans. Enjoy these benefits when you take up an HSBC home loan: Competitive interest
      107 words
    • 52 31 DRAGON VIEW PARK Prime district 10, off River Valley Road Land Area: 125,133 sq ft approx Freehold, zoned "Residential" PR: 2.1, up to 24 storeys Central and tranquil hilltop location Subject to Strata Titles Board approval Peggy Tan 6531 8540 Tay Liam Hiap 6531 8616 HSSBI Ho Eng Joo 6531
      52 words

  • MADE IN SINGAPORE
    • 724 32  -  It's a matter of having an up-to-date management, 'one-stop apparel provider' Sing Lun CEO Patrick Lee tells NANDE KHIN NANDE KHIN fjf ■■■■I HERE is no sunset industry; only sunset management," says Patrick Lee, CEO of Sing Lun Holdings Ltd. What this essentially
      ARTHUR LEE  -  724 words
    • 774 32  -  By NANDE KHIN BODYNITS International's active lifestyle and fitness wear lines Bodynits and Bods are familiar homegrown brands. But what may come as a surprise to most Singaporeans is the fact that Bodynits International actually manufactures its own garments something most clothing
      ARTHUR LEE  -  774 words
  • Page 32 Advertisements
    • 312 32 move tnat proved lucrative, rrom a turn- skuiui, dui tney are aiso more muuvaieu, aiuuuu iui muie uucs cmm aaiu 2002. over of $600,000 in its first year, Bodynits more disciplined. They know what they are Mr Tan. International's business went past a turn- here for; they know what to
      312 words
    • 148 32 SINGAPORE is a leading Asia-Pacific business hub for the textile and apparel industry. Outfits such as GAP, Nike and DKNY have made Singapore a regional base for sourcing and headquarters. And Singapore's reputation as a fashion hub is growing, with events such as the Singapore Fashion Festival and Singapore Fashion
      148 words