The Business Times, 10 November 2004

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Total Pages: 32
1 32 The Business Times
  • 13 1 THE BUSINESS TIMES SHawoKisaMs at fcttpJftugness-ti— t aiiljM) MKA(P)Q2MBK2QOI Wednesday N(Mmter 14 2004
    13 words
  • 369 1  -  Daniel Chan said to be courted by the OCBC group By GENEVIEVE CUA [SINGAPORE] Veteran fund manager Daniel Chan will leave UOB Asset Management this month, after a total of 26 years with the UOB group. Speculation is rife that he is being wooed
    369 words
  • 133 1 sn 2,***** (+1.55) ST INDEX FUTURES 2,005.00 (unch) SIMSa 240.76 (+0.02) SIMSa FUTURES 241.50 (+0.60) MARKETS Tuesday Change KLSECOMP 876.37 +3.48 NIKKEI 225 10,964.87 -18.96 HANG SENG 13.516.67 -44.82 SET INDEX 632.94 +3.74 JAKARTA COMP 901.38 +12.64 MANILA COMP 1,789.03 -23.13 SEOUL COMP 844.15 -1.96 SHENZHEN B 225.58
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  • 38 1 TOP STORIES ...NSt,4 COMPANIES... PGI9 MARKETS P0 10 SINGAPORE PH 11 ECONOMY P<lll M/SIA/INDON ...P« 14 CHINA/INDIA... PatS ASIA PACIFIC ...PH i«WORLD PCil? AVIATION P616 SHIPPING PCII9 EDITORIAL PCS IQ STOCKS f'.i/n MOTORING PCI If) MONEY POiQ-l?
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  • 694 1  -  The regulator will do so whenever it is in the public interest By WONG WEI KONG [SINGAPORE] The Monetary Authority of Singapore (MAS) will disclose details of regulatory action it takes against financial institutions under certain conditions and when it is in the
    694 words
  • Page 1 Advertisements
    • 32 1 MOTORING AXA eyes China jML non-life insurance market chief Les Owen pg 29 THE NEW GOLD RUSH i 'i« 11 nyi r/( Y k, ii 4 c fIHL .< V 111 8 sszisrsooocK
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    • 100 1 TOP DOLLAR Rupert Murdoch, earns USs2om pg Your Flexible Partner In Overseas Property Finance ,;:-v 'v Whelher you needto secure finanting or refinancing for a residential property m Great Britain, USA. Canada, Australia or New Zealand, Lloyds TSB* MULTI-CURRENCY, MULTI-COUNTRY and MULTI-PURPOSE LOAN FACILITIES are designed to make your Me
      100 words
    • 7 1 COMPANIES OontfThai operatwas shaping up: Wr v
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  • TOP STORIES
    • 752 2 PM: More links a win-win for S'pore, Jakarta PRIME Minister Lee Hsien Loong said yesterday that Singapore and Indonesia should focus on developing greater economic cooperation for mutual benefit. Speaking to reporters after wrapping up his two-day visit to Indonesia, Mr Lee said that if the political climate
      752 words
    • 524 2  -  CPF expects to complete further study of framework in a year's time By GENEVIEVE CUA [SINGAPORE] IT'S back to the drawing board for the CPF Board's plan for privately managed pension plans (PPPs), following feedback on issues ranging from concern over whether enough
      524 words
    • 453 4  - PM: More links a win-win for S 'pore, Jakarta Economic ties need to move forward more quickly for mutual benefit By SHOEB KAGDA in Jakarta NOTING that the mood was right for Singapore and Indonesia to forge closer bilateral ties, visiting Prime Minister Lee Hsien Loong said yesterday that the
      ONG CHIN KAI/ST  -  453 words
    • 341 4  -  There are other more pressing issues as US central bank meets to decide interest rates By R SIVANITHY [SINGAPORE] Just like the two previous US Federal Open Market Committee meetings, today's session is expected to be a nonevent as far as equity
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  • Page 2 Advertisements
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  • Page 3 Advertisements
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  • Page 4 Advertisements
    • 120 4 f ,w f v A step-by-step face renewal package that invigorates chill skin, tcjhes a /our completion, nourishes tired eyes to restore face's M I freshness and radiance. f jpf Hk H VLg ||i fl| V'-^^'^'-'' 'i<'y J i '.Jj •"SgK .s&> $9RH|S9« whHEHI >*&iyiNl™M »i Jilt»Q"'llU»L-^^^^——^—WW—lB—WW— ?".I'.'lt'flßr,"'" fir* EIM
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    • 675 4 Fresh jobs everyday Read our newspapers for a fresh set of jobs everyday! BUKIT SEMBAWANG ESTATES LIMITED Financial Statement and Dividend Announcement* Unaudited Results for the Second quarter and Half-year ended 30 September 2004 The Directors of Bukit Sembawang Estates Limited announce the unaudited results of the Group and of
      675 words

  • Page 5 Advertisements
    • 91 5 THE LIGHT OF MONDIAL I A SERIES OF FLAWLESS DIAMONDS I "V I I I iV, lY'Y I I W I i I I f| I I,ill in low with th<* I iv,hl ol Mondial ontidcin <■ is I vi-rvlliiii;', V w-..,-^ni,,....!.-... 11,-I-,,,• I fHonbtal's Guarantee I I lawless IVrtVt
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  • Page 6 Advertisements
    • 310 6 I RnVRfMCq ADVANCE SCT LIMITED I (Registration No: *****4283 C) I (Incorporated in the Republic of Singapore 0118 April 2004) fcmiletion in respect of 19,000,000 New* Shares of $0.05 each comprising:- I (1) 1,900,000 Offer Shares at $0.24 each by way of public offer; I (2) 17,100,000 Placement Shares by
      310 words

  • COMPANY NEWS
    • 465 7  -  By RAJU CHELLAM SINGAPORE-BASED Chartered Semiconductor Manufacturing has signed two deals with US chip giant Advanced Micro Devices (AMD) under which Chartered becomes an additional manufacturing source of AMD's microprocessors. The financial details of the deal were not disclosed. Under the
      Source: Bloomberg  -  465 words
    • 662 7  -  HOCK LOCK SIEW By WONG WEI KONG RECENT developments at China Aviation Oil (Singapore), or CAO, have done little to increase investor confidence in China companies listed on the Singapore Exchange (SGX). In fact, it will provide ammunition aplenty for sceptics of
      FILE PHOTO  -  662 words
    • 555 7  -  By ANDREA TAN OF the slew of hotel and property groups that turned in their quarterly report card yesterday, three had better results while Bukit Sembawang Estates was the only one to report a slide in profit. Overseas Union Enterprise (OUE), which owns
      555 words
    • 169 7 CONSTRUCTION firm Wee Poh Holdings said last night it has discovered irregularities with another five proxy forms deposited with the company. "This is in addition to the forged proxy form discovered before the last AGM on Oct 29, which is now being investigated
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    • 459 7  -  But analysts say fall is in tandem with the general trend By RAJU CHELLAM ALONG with other' chiplinked stocks, shares of Sin-gapore-based Stats ChipPac fell prey yesterday to fears over falling demand and rising inventories of semiconductor chips and a bleak industry outlook
      Source: Bloomberg  -  459 words
    • 173 7 Bloomberg OVERSEA-CHINESE Banking Corp, the smallest of Singapore's three banks, will probably say thirdquarter profit rose 5 per cent as an economic recovery spurred investment and demand for loans. Net income may have risen to $306.5 million in the three months ended Sept
      Bloomberg  -  173 words
    • 407 8  -  They account for more than half of group's Q2 profit of $205,000 By KALPANA RASHIWALA COURTS Singapore's Thailand operations seem to be shaping up well, accounting for more than half of the group's second quarter net profit of $205,000. In addition, sales from the country
      407 words
    • 371 8  -  By ROUND LIM AUTRON Corporation officially opens its global solutions centre in Singapore today as part of its strategy to grow its refurbished assembly equipment segment worldwide. The Autron Global Solutions (AGS) centre focuses on the manufacturing equipment solutions provider's value-added segment, which includes
      371 words
    • COMPANY BRIEFS
      • 61 8 SECOND Chance Properties has proposed to issue up to 93.1 million new warrants which, if fully exercised, will raise $9.3 million as general working capital and for possible long-term investments. Each free warrant, for every two shares held, will carry the right to subscribe
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      • 40 8 EUCON Holding's chief executive Wen Yao-Long has, from Monday, concurrently assumed the post of executive chairman. This came after Chen Ming-Hsing stepped down as executive chairman. Mr Chen stays on as a non-executive director.
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      • 39 8 SINGAPORE Telecommunications (Sing Tel) has signed a three-year multi-million dollar contract with the BMW Group to help connect the German car maker's offices in Asia Pacific to its Europe headquarters in Munich, Germany.
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      • 40 8 MAINBOARD-LISTED Anwell Technologies Limited, an integrated business solutions provider for the DVDR and CD-R replication businesses, has secured a HK$l2O million contract (5525.5 million) with a new customer, HeNan Ming Yang Technology Ltd.
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      • 57 8 INTER Roller Engineering, which unveiled a 52 per cent surge in net profit to $7.3 million from $4.8 million for the nine months to Sep 30,2004, has proposed a rights issue on the basis of one rights share for every two shares at an issue
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      • 79 8 MAINBOARD-LISTED Beauty China Holdings said its flagship Colour Zone brand of cosmetic and skincare products will be available in Wal-Mart stores in China. It aims to have Colour Zone in most of Wal-Mart's 40 stores by the end of this year. This puts
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      • 250 8 Chuan Hup Holdings: The mainboard-listed marine group said net profit for its first quarter ended Sept 30 was US$l5.6 million, a 0.4 per cent decline from a year ago. The drop was due to a 23.4 per cent fall in other income due to a smaller one-off divestment
        250 words
    • 368 9  -  It intends to distribute $1b from Kuehne Nagel stake sale By DONALD URQUHART SEMBCORP Logistics (SembLog) said growth in Southeast and North Asian sup-ply-chain management helped boost third-quarter profit by 15 per cent, as it announced plans for further aggressive expansion
      368 words
    • 369 9  -  By JEAN CHUA HONG Leong Asia has reported a 76 per cent fall in net profit for the third quarter, largely because of last year's higher base due to an exceptional gain of $25.7 million. Taking out that gain, earnings would have been
      369 words
    • 437 9  - AirOcean revenues surge 61 but profit down 20% By VEN SREENIVASAN DESPITE a 61 per cent surge in topline revenue growth, air express and logistics specialist Air Ocean Group suffered a 20 per cent drop in second-quarter earnings due to significant outlays in its China expansion ventures. Air Ocean reported
      FILE PHOTO  -  437 words
    • 352 9  -  By CHEN HUIFEN HOT on the heels of initial public offerings from three China-based companies, Singapore-based printed circuit board tester Advance SCT launched its Sesdaq IPO yesterday to raise $3.6 million for its expansion plans. Advance SCT, which tests PCBs for the
      352 words
    • 287 9  -  By JOYCE KOH SEKSUN Corporation's net profit more than halved in the third quarter as turnover fell amid a slow pick-up in the hard disk drive (HDD) sector. The company yesterday posted a 56 per cent drop in earnings for the three months
      287 words
  • Page 7 Advertisements
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  • Page 8 Advertisements
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  • Page 9 Advertisements
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    • 377 9 v v i* r« A K'\ 4 'Whs -f A. k V t r. k > *.> v > A ~"4 .V v y jS H T "~r l£«r-flfcL >r 'V--'^JPr5/r tZSK*' Citibank Brokerage opens up a BP' whole new world of online trading. f^SSL|| Through a single account, you'll
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  • SINGAPORE MARKETS
    • Article, Illustration
      465 10  -  Compiled by JEAN CHUA fvf V S d ±7 JURONG's 3Q net profit of $12.8 million was above our expectations due to better-than-expected trlbutions. Sales surged. 189, per cent year-on-year and 48 percent sequentially, driven largely by the three months' contribution from wireless modular products. This has more than
      Source: Bloomberg  -  465 words
    • Article, Illustration
      432 10 OTHER SINGAPORE INDICES Nov 9 VALUE CLOSE BT OB/OS -201.00 +15.00 BTCAPI -*****.00 +39.00 BT 10-day MA -*****.00 -20.00 All-SG Equities 518.67 +0.76 SG Equities Elect 151.86 +0.97 SG Equities Fin 1606.11 -7.21 SG Equities Prop 489.75 -0.02 SIMSCI 240.76 +0.02 SiMSCI Futures 241.50 +0.60 MOST ACTIVE STOCKS VOLUME China
      432 words
    • 871 10  -  CURRENCIES With the US$'s latest losses, corrective upside targets are more modest now LARRY WEE Senior Correspondent THE US dollar's losses deepened dramatically over the past week despite President George W. Bush's re-election and last Friday's very impressive jump in
      871 words
    • 400 10  -  STOCKS R SIVANITHY Senior Correspondent A PUSH on the Noble Group, a collapse, then rebound, in China Aviation Oil (CAO), hectic punting of latest listing China Sun, continued pressure S stocks and a slight recovery f, pore Telecom were the main l> 'AlM&iiftJ'of interest in
      400 words
    • TRADES TO WATCH
      • 50 10 UNITED Overseas Land's chief executive and president Gwee Lian Kheng on Monday exercised 88,000 share options, which represents 0.011 per cent of the company's issued share capital. Mr Gwee has 400,000 remaining options after the exercise. UOL yesterday closed one cent down at $2.28.
        50 words
      • 74 10 AGVA Corporation's chief executive and president Albert Lim bought 100,000 shares at 10.5 cents each from the open market on Monday. This raised his direct stake in the company to 48.33 per cent from 48.28 per cent. Mr Lim, whose beneficially-owned vehicle Flametree Holdings
        74 words
      • 57 10 A DIRECTOR of Micro-Mechanics (Holdings), Karl Zurfluh, bought 30,000 shares from the market on Monday at 43 cents each. This boosted his direct shareholding in the company to 0.415 per cent from 0.388 per cent previously. The company, designs and makes consumables for the semiconductor industry.
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      • 88 10 FORMER Informatics Holdings vice-chairman Cheah Hon Kuen, who stepped down in 1998, further pared his stake in the company when he sold 23,000 shares at 35 cents each on Monday. He now has a 9.467 per cent stake in the company, down from 9.473 per
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      • 60 10  -  Compiled by JOYCE KOH A-SONIC Aerospace's chief executive Janet Tan yesterday bought 921,000 shares in the open market at an average price of 40.91 cents each. This has boosted her direct stake in the company to 69.17 per cent from 68.9 per cent previously. The
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    • 334 10  -  CHART POINT By LIM SAY BOON OCBC Investment Research THAT "tilted neckline" phenomenon we noted last week suggesting the possibility of a protracted struggle at the top might be unfolding to its logical conclusion in the form of a "megaphone or
      Source: Bloomberg  -  334 words


  • SINGAPORE NEWS
    • 346 12  -  Shell may still hold a slight edge as assets in S'pore are in excess of US$7b By RONNIE LIM WHO is the biggest foreign investor in Singapore? ExxonMobil's claim that it is, is under challenge. For a good many years, Shell, with its Pulau Bukom oil
      FILE PHOTOS  -  346 words
    • 264 12 AP [SINGAPORE] The number of low-budget air travellers in Singapore rocketed up 12 per cent over the summer, the government said yesterday. Three low-cost airlines Valuair, Tiger Airways and Thai Air Asia operating out of Singapore now account for about 5 per cent of
      AP; AFP  -  264 words
    • 200 12  -  By CHEN HUIFEN SG Corporate Investment Banking (SGCIB) has done a little reshuffling to its commodity risk management team as part of its expansion plans. It has appointed Jeffrey Chen, formerly responsible for oil derivatives in China, its new head for commodity
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    • 388 12  -  By SIOW LI SEN A SUSPECT is in critical condition after being shot by a Cisco officer during an attempted robbery at a Maybank branch in Upper Bukit Timah yesterday during the lunch hour. No one else was injured. Police said the 43-year old Chinese Singaporean
      FRANCIS ONG/ST  -  388 words
  • Page 12 Advertisements
    • 1081 12 W-* GP Batteries International Limited (Incorporated in the Republic of Singapore) Co. Reg. N0.*****2111N j Announcement of Unaudited Results Dividends For The Second Quarter Ended 30 September 2004 The Board of Directors of GP Batteries International Limited is pleased to announce the unaudited results of the Group for the second
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  • ECONOMY WATCH
    • 767 13  -  World Bank sees S'pore growth at 4.5% next year and 5.9% for East Asia By CHUANG PECK MING [SINGAPORE] The cyclical recovery has peaked. Singapore's economy is likely to grow 4.5 per cent next year, just a little more than half its
      767 words
    • 437 13 Reuters [SHANGHAI] China will maintain a stable monetary and yuan policy as it keeps a racing economy in check, a senior central banker was quoted as saying, amid speculation Beijing could move any time to revalue the currency. But China should keep
      Reuters  -  437 words
  • Page 13 Advertisements
    • 381 13 Call 1800 289 8822 or email notices@sph.com.sg to book your advertisement in our newspapers now. aIR Exclus,ve offers that let you ■HHP? \m\M I lPgij IP"! 1 I stay connected on the move. I part of the mom ent. VjjjK-B #i* yIZoQ iTwo Plus Price Plan BTffl""«" I Free Incoming
      381 words

  • MALAYSIA
    • 459 14  -  Bank Negara wants institutional investors with deeper pockets, AWSJ cites source By EDDIE TOH [SINGAPORE] Investment company Temasek Holdings may have to pick new partners with deeper pockets to help complete its protracted acquisition of banking group Malaysian Plantations (MPlant), according to a source
      459 words
    • 440 14  -  By PAULINE NG in Kuala Lumpur TELEKOM Malaysia is set for a bumper year in its current financial year following an agreement to dispose of its remaining 6 per cent stake in South African telecoms company Telkom SA Limited. Having already booked RM622
      BLOOMBERG FILE PHOTO  -  440 words
    • 2318 14 vol FSBM 1.15 unch 0 »wl 1 *t- C—> FT£C Resources -0.51 0.01 316 Furqan Bus. Org .0.33 unch 722 A ft M Realty 1.30 -0.03 11 Gadaog 1.56 -0.01 1871 Abric .0.53 -0.01 51 Gamuda 500 unch 2182 ACP Industries 122 -0.01 201 General Corp
      2,318 words
  • Page 14 Advertisements
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    • 68 14 JF unirigpw JMpPrThe buffet lunch spread counter* will Sr fire up your taste bads. Ow "Festive Tbali" M Set Dinner features Kaaun Jhinga, Tokri t Chat and special Diwali Mftthai desserts. Buffet Lunch 12 nooo 2.30 pm $35+++ per penon m "Festive Thali" Set Dinner 6.30 pm -10.30 pm $65+++
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    • 99 14 "EAT ALL YOU CAN" CANTONESE A LA CARTE BUFFET Available daily for Lunch Dinner JL> Perfect for savouring delectable Cantonese dishes...Hai Xiang now offers an irresistible list of dishes to choose from. Hot favourites like jtfl Crispy Pork Chop, Braised Shark's Fin Soup with Crabmeat, Stir-fried haixianc "Pacific Clams" and
      99 words
    • 114 14 ~1 MERITUS MANDARIN SINGAPORE T The Finesse of 'Gourmet Bordeaux' 3 21 Nov 2004 Be enraptured by Guest Chef Jean Jacques Dugardin's traditional Bordeaux specialties and the region's illustrious wine selections. Semi-Buffet Rhapsody -12.00n00n to 2.30pm $38* per person (Mon to Fri) (inclusive of selected house specialties) Set Dinner 6.30pm
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  • CHINA/INDIA
    • 565 15  -  CHINA INSIGHT 'Under-mailed' territory is packing them in JEAN CHUA Reporter FOR Hongkongers, it's a big deal. In a clear indication that the territory is once again feeling good about the economy after several years of pessimism, Hongkongers have started shopping again.
      565 words
    • 408 15 It's likely to put up 150-200m euros in Galileo system Reuters [THE HAGUE] India pledged on Monday to strike a deal soon on joining the European Union's mul-tibillion-dollar satellite navigation system project, but it declined to spell out how much it would
      Reuters  -  408 words
    • 385 15 Bloomberg [SHANGHAI] General Electric Co, the world's biggest company by market value, said it's sticking by a forecast of US$5 billion in China sales next year, even as Beijing tries to slow growth. Sales will jump from US$3.5 billion this year and
      Bloomberg  -  385 words
  • Page 15 Advertisements
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      76 words

  • ASIA-PACIFIC
    • 501 16 His pay package is up 50% from last year and nearly twice that of his nearest Aussie rival AFP [SYDNEY] US media mogul Rupert Murdoch was named Australia's top paid executive on Tuesday, with a 2004 pay package up nearly 50 per cent and almost
      AFP  -  501 words
    • 350 16  -  By AL LABITA in Manila PHILIPPINE stocks slumped yesterday to a two-week low shortly after US credit rating firm Moody's warned of the downgrading of the country's credit ratings on debt and budget concerns. Foreign funds, edgy over the market's dire prospects, led
      350 words
  • Page 16 Advertisements
    • 2348 16 ConmonweaHhßark =s? COMMONWEALTH BANK OF AUSTRALIA AND CONTROLLED ENTITLES FOR THE YEAR ENDED 30 JUNE 2004 f Ail amounts are expressed In Australian currency Statements Of Financial Performance Directors as at 30 June 2004 group The name of each person holding the position of Director of the Commonwealth Bank during
      2,348 words
    • 32 16 til Lianhe Zaobao B I Umip 4007JSff)IA I I turn mmm I I million I I people m I I Zhejiang I I have ventured into I I oul^^j I I 1
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  • WORLD
    • 472 17 Staff reductions are likely to trim firm's expenses by US$400m a year Bloomberg [NEW YORK] Marsh McLennan Cos, the insurance broker accused by New York Attorney-General Eliot Spitzer of rigging bids and taking kickbacks, said it will cut 3,000 jobs, or
      Bloomberg  -  472 words
    • WORLD WATCH
      • 108 17 Bloomberg [LONDON] Marks Spencer Group pic (M&S) chief executive Stuart Rose ousted six managers including finance director Alison Reed after first-half profit at Britain's largest clothing retailer slumped 40 per cent and sales deteriorated. Mr Rose, who in July defeated a US$l7 billion hostile
        Bloomberg  -  108 words
      • 74 17 Bloomberg [HONG KONG] Standard Chartered pic, a UK lender that makes two-thirds of its profit in Asia, said it fired 200 people, or 5 per cent of its employees, in Hong Kong where it's making less money on home loans. Stanchart had more than
        Bloomberg  -  74 words
      • 94 17 Reuters [NEW YORK] The US Securities and Exchange Commission (SEC) has opened an enforcement investigation into conflicts of interest between consulting firms and money managers they recommend to clients, the Wall Street Journal reported yesterday. The newspaper cited unnamed sources as saying that the
        Reuters  -  94 words
      • 128 17 Reuters [NEW YORK] Time Warner Inc on Monday said investors should not rely on certain reports from its auditors, Ernst Young, a week after the media conglomerate said it would restate years of financial results on concerns about its accounting practices. The comments come
        Reuters  -  128 words
      • 70 17 Reuters [TOKYO] Japanese auto maker Mazda Motor Corp posted a 53 per cent jump in half-year operating profit and raised its full-year forecasts to what would be a record as sales of the Mazda3 and other cars soared in Europe. Mazda reported a profit for
        Reuters  -  70 words
    • 179 17 AFP [WASHINGTON] Businesses, emergency workers and families of people killed in the Sept 11, 2001, attacks have received US$3B.l billion in compensation paid mostly by the government and insurance companies, according to a study released on Monday. New York businesses, particularly those located near
      AFP  -  179 words
    • 103 17 Reuters [LONDON]England soccer captain David Beckham is set to kick off his film career with a movie trilogy called 'Goal!', about a player from Los Angeles who signs for British club Newcastle United. The Real Madrid midfielder, one of the world's biggest
      Reuters; AFP  -  103 words
  • Page 17 Advertisements
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    • 271 17 SINGAPORE LEARNING SYMPOSIUM 2004 TUESDAY 23 NOVEMBER 2004 B:3OAM-6:OOPM SUNTEC CONVENTION CENTRE Come to the Learning Symposium and find out how developing your people can boost your company's performance. If you're an employer, HR professional or the manager of a team, the Learning Symposium will change the way you think
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  • AVIATION
    • 451 18 It will sell A$525m of securities and A$400m of shares to fund purchase Reuters. Bloomberg [BRUSSELS] Australian infrastructure group Macquarie will buy a 70 per cent stake in Brussels's main international airport for 735 million euros (Ssl .57 billion), the Belgian government
      Reuters.; Bloomberg  -  451 words
    • 267 18 Reuters [ROME] The European Commission has raised doubts in an internal document about Alitalia's restructuring programme, questioning, among other things, Italy's plans to slash its majority stake in the troubled airline, Italian news agency ANSA reported on Monday. Without confirming the details of
      Reuters  -  267 words
    • 415 18 It may handle 30.2m passengers, 1.74m tonnes of cargo in 2004 AFP [SINGAPORE] Singapore's Changi airport is projected to handle a record 30.2 million passengers in 2004, beating the previous high of 29 million recorded two years ago before the Sars crisis, airport officials said
      AFP  -  415 words
    • 446 18 LAT-WP [WASHINGTON] The federal government has given approval for Korean Air Lines Co to arm its crew members with stun guns aboard flights to and from the United States, but few other carriers have shown an interest in arming pilots with non-lethal
      LAT-WP; AFP  -  446 words
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  • Page 18 Advertisements
    • 150 18 ASIA-PACIFIC EXECUTIVE MBA prtiraai 11,1111,1,11 Top ranked as a fully Asian program by to a strong top a focus to your career six intensive 2-week residential L Two partially in India and China IJ' Admission BimiilfOTWWti Good Bachelor's Degree 10 years' full-time work experience, preferably in management position sssB,ooo* Tuition
      150 words

  • SHIPPING
    • 425 19 Refloated ship now heading towards Port Said in the Mediterranean AFP. Bloomberg [CAIRO] Egyptian authorities reopened the Suez Canal yesterday after one of the world's major waterways was forced to shut for the first time in 30 years because of a stricken oil
      AFP.; Bloomberg  -  425 words
    • 695 19  -  STRAIT TALK By DAVID HUGHES IF anybody ever held a competition for international treaties with bizarre names, the International Maritime Organisation's (IMO) SUA Convention would be a strong contender. When mentioned in conversation it sounds as if the discussion has turned to sanitation systems.
      695 words
    • 185 19 [SINGAPORE] Riding the wave of China exports, Neptune Orient Lines (NOL) reported a 16 per cent rise in cargo volumes for the period Sept 18 to Oct 15, compared with the same period the year before. The group said its APL container division
      185 words
    • 50 19 [AUCKLAND]New Zealand inventor Rob Innes piloting his so-called bionic dolphin vessel in Auckland Harbour yesterday. Mr Innes. who developed and built the vessel with American Dan Piazza, will demonstrate its abilities to the public at the upcoming Big Boy's Toys show starting on Nov 13. REUTERS
      REUTERS  -  50 words
    • 246 19 Bloomberg [NEW DELHI] India may collaborate with the operators of the Suez Canal to dredge a 20 billion rupee (Ss73l million) channel in the sea between India and Sri Lanka, according to a statement by India's Shipping Ministry. Sethusamudram Corp, a state body
      Bloomberg  -  246 words
    • 284 19  -  By DONALD URQUHART [SINGAPORE] Riding surging intra-Asia container volumes, Thai-listed Regional Container Lings (RCL) has posted record third-quarter liftings and net profits. Strong volumes, a healthy freight rate recovery and tight cost control combined to push RCL's third-quarter net profit to
      284 words
    • 159 19 [SINGAPORE] Containerised cargo volumes through Singapore continued to rise with both PSA International and Jurong Port recording increases last month, over the same period last year. PSA saw a 13.3 per cent rise in volume to 2.82 million TEUs (20-foot containers) in October
      159 words
    • 292 19 SGX '000 Nov 9 SS Vol CH Offshore .0.40 0.01 699 ChuanHup ...A66 -0.01 1327 Cosco Corporation 1.13 0.03 ***** CWT Distribution .0.56 unch 30 Ezra Hldgs 1.15 unch 66 Freight Links 0.10 unch 255 Grand Banks Yacht 0.87 0.04 84 JayaHoidings 1.02 -0.01 183 K1 Venture... .024
      292 words
  • Page 19 Advertisements
    • 139 19 C*ll toll-free 1800 289 8822 NOTICE TO SHIPPERS OF SINGAPORE -BRUNEI/ EAST MALAYSIA TRADE REVISION OF EMERGENCY BUNKER SURCHARGE The following Lines operating the Singapore Brunei East Malaysia trade wish to advise shippers consignees that with effect from 1 December 2004 there will be a revision of Emergency Bunker Surcharge
      139 words
    • 349 19 I Notices ASA GROUP HOLDINGS LTD (Incorporated in the Republic of Singapore) (Company Registration No: *****8258 M) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of ASA Group Holdings Ltd (the "Company") will be held at Mandarin Court C, Grand Tower 4* Floor, Meritus
      349 words
    • 365 19 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF DESIGN IN ACTION (SINGAPORE) PTE LTD (IN CREDITORS'VOLUNTARY LIQUIDATION) Company Registration Number: *****7727 M At an Extraordinary General Meeting of the above named Company duly convened and held at Royal 4. Level 12, 141 Market Street,
      365 words

  • EDITORIAL & OPINION
    • 534 20 EDITORIAL THE US dollar, already at multi-year lows against several currencies, looks set to go lower still. One of the big questions is what will this mean for businesses? The greenback has plunged to January 2000 lows against the Singapore dollar and more than four-year
      534 words
    • 731 20  -  THE BOTTOM LINE AL LABITA Manila Correspondent UNITED STATES President George W Bush's re-elec-tion may not necessarily bring good tidings to an old, long-standing but flip-flopping Asia-Pacific ally, the Philippines. Diplomats say Washington still feels terribly disappointed with President Gloria Arroyo for having
      731 words
    • 1053 20  -  If the dollar overshoots downwards, bond, equity and commodity markets will become jittery NEIL BEHRMANN London Correspondent WITH the US elections over, there is once again a renewed attack on the US dollar. For the moment, the Bush Administration and Federal Reserve are pursuing a policy of
      AFP  -  1,053 words
    • 1208 21  -  Chinese withdrew US$120b from banks last month for use as informal loans which pay higher interest By KEITH BRADSHER NYT THE Wenzhou "stir-fry" is not a dish you eat. But it is giving indigestion to Chinese regulators and could prove troublesome to many investors worldwide from New
      NYT; AFP  -  1,208 words

  • Page 21 Advertisements
    • 79 21 m j- _(>y7 event of inclement weather, all activities will be moved indoors into the Grandstand except J p i (j^"^ >—■^ 0 an orse un un w^l w cance ec The trial gallop of racehorses will still be held. nor conducfed r S I N G A PORE i
      79 words
  • Page 21 Miscellaneous
    • 346 21 CRYPTIC CROSSWORD ACROSS 6 One's lamenting inclusion of 1 Greek character overdue with bang (4) catalogue for collector (11) 1 An alarming person (11) 8 Make provision and support 8 HMS Belfast, say, an arfor the young creature (11) moured vessel (7,4) 11 Cleaner seat I vacate (4) 9 In
      346 words

  • 10967 22 STRAITS TIMES INDEX STOCKS Stodi nun* Wt Ook Chang* Stock name Wt dos« Chang* Allgreen 50c 0.30 1.080 +0.020 NOL 2.19 3.060 +0.020 BIL Intl US20c 0.44 0.935 -0.020 OCBC 10.36 13.700 -0.200 CapitaLand 1.30 1.930 -0.020 Parkway H 25c 0.68 1.460 +0.020 Chart SemiCond 26c 0.77 1.010
    10,967 words

  • 6010 23 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local curr In SS In US$ dy yr dy yr dy %yr Nov 8 Index Change Change Change Change Change Change World Index Preliminary 820.3 -03 5.4 -0.3 3.9 -0.1 6.8 t EAFE Preliminary 747.6 -0.3 6.6 -0.2 6.6 0.0 9.5 Europe
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  • Page 24 Advertisements
    • 1685 24 I TO USA/CANADA I 1 EXPORT 1 I OTHER DESTINATIONS I VESSEL |vOY PKG (n*S«| LONG BEAOI| DALLAS |HOUSTON|MEMWRS |P«CACO| HEW YORK TO AUSTRALIA (AUSTRALIA ASIA EXPRESS) 00QNINGB0 OSF44 OMIT 13/11 I 29/11 05/12 06/12 04/12 04/12 07/12 VOY f ETA SIN |WO FBI |Hf I SYO I MEL I
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    • 900 24 |»WnKASiA koko swviq VKSa/VOY KAWfffD HBGHHW) KG KM KB I gN I JCT ST*AJTS VENTURE /IS 15 3.J 12/11 ||/l| 21/11 23/11 3.2 25/11 27/11 02/12 05/12 Zi STRAITS VENTURE /17 15 3.2 OT/12 12/12 14/12 U/12 21/12 |WISTA»IA/IINOAI.»O«O«V» VISSa/VOY RAMPffT) HDGHT(H) YOU Ktl KHH MMI ISW I PKO HCM
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  • Page 25 Advertisements
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    • 1363 25 ytssa VOY SIN jkt hkg I khh iwc kth PUS VCSEI voy sin jkt sub hkg dsn pus HY »BIDGE OISS 11/11 13/11 11/11 20/1) 72/11 24/11 24/11 KMTC SHANGHAI 413S 14/11 17/11 11/11 23/11 27/11 28/11 HYVLADIVOSTOK 150S It/11 20/11 2S/11 27/11 W/ll 1/12 2/12 KMTC POUTKELANG 411S 21/11
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    • 956 25 m £>(32 WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICQ POINTS nga vor sin mlamg Colombo ilskva coummo HJMtt 003W IOMOV W I4WQV 17 NOV 2LMH AUSTUUA HIOGt 0081W 15 MOV 17 NOV 20 NOV 23 NOV 26 MOV mmm mmi hhoy Jim im ama -Juk—
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  • Page 26 Advertisements
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    • 1924 26 _ffisa m m cai _msa 55 m jd Of 2301 00S3P 07/11 01/11 rACIAU 113S flt/lJ fiSZLI CSf 2301 00S4P 09/11 10/11 IliiUTi 7 IS2I M/1J 12/JJ PAC iAMDA 1336W 09/11 09/11 JtLMM 3211 IZOJ IiOJ P«»*N DA 1337N 10/11 11/11 I Z 4140 13/11 csf 2301 sow iizjj 13/n
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  • Page 27 Advertisements
    • 1473 27 I\m m fi S pore Agents lAL SMaoaq Awacy (S) Pt# ltd (CR NO; **********0Z) VMS (J I 180 #11-03 Bonqkok Bonk Building, Singapore *****6 \w» ji crnterasia w hm-mm Pa« 6323-6433 w*k*Ri: «w«jnmiiiiHiM SUPER EXPRESSSERVICETOHONQKONQ&J APAN vroa (voy osk koiTsmTtyo tok m wnwl vesa liwir[tm MOl ETERNITY SOl3 01/11
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    • 1208 27 rr I IMCC Mm TIL *221-1333 MX: *221-5272 /rn rl/L LI IM CO rftft£ „> aBTO, mKutumsmm: ******90 /€m J*b4 SMGAPOtfc TOMG XX) SHIPPING MI UD www+ddhM^oa^^StSLS£!S!SI^SSJSSSSB2m£t£!S£^!SSSJS!!S^SiJSS^L^ ■rasa vot n* siw I kch Ivtssti I vot In* sin I sup Ivksb Ivot Ira swim I vesa I vor |EttSM|wcaijl IGHHOWC
      1,208 words
    • 494 27 2321MW1l 17-19/11 24-25/11 I ■PSflWi TIGER S£A 233N 15-16/11 21-23/11 29-30/11 I HUSUIiIII TIGER SKY 234N 16-17/11 23-25/11 30-01/12 TIGER PEARL 235N 21-22/11 27-29/11 05-06/12 ■■■(■■■TIGERSKY 236N 24-25/11 01-03/12 08-09/12 TIGER SEA 237N 29-30/11 05-07/12 13-14/12 IMISi uTlTwulSSvrmvin ■fVnffIMTIGER SPIRIT 094 14-15/11 22-24/11 30-01/12 ■UUIIfIIIGER Cliff 009H 15-16/11 23-25/11 03-04/12
      494 words

  • THE BUSINESS TIMES SHIPPING TIMES
    • 7093 28 ETA ETA Advertiser Vessel Voya«e Telephone ETA ETA Advertiser Vessel Voyafe Telephone Dest'n Name Nine Number limber SIN DesfN Name Name Number Umber ■'•-'mmmmmmmmmmmmmmmmmmmmmmmmmmm mmmmmmmmmmmmmmeammmmmmmmmmmmmmmmmmmumm To ABIDJAN (ABJ) 2003 Cote D'lvoire To GENOA/GENOVA (GOA) 2137 Italy 17/11 25/12 CMACGM CMA CGM ELBE SX083W *****800
      7,093 words

  • MOTORING
    • 617 29 BT exclusive SAMUEL EE talks to the French insurer about its China plans as the country looks set to lift restrictions on the industry FRENCH insurer AXA is timing its entry into China's non-life insurance market for end--2005 to coincide with the country's move to
      617 words
    • 509 29  -  By SAMUEL EE THE new Nissan Latio along with four other Nissan models to be launched next year will signal the revival of the Japanese brand and is not meant to replace the popular Nissan Sunny, which will continue to be sold until the end of
      509 words
  • Page 29 Advertisements
    • 2612 29 Notices IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SINTRON TECHNOLOGY (S) PTE LTD (PROVISIONAL LIQUIDATOR APPOINTED) (COMPANY NO.: *****0725G) NOTICE OF MEETING OF CREDITORS NOTICE IS HEREBY GIVEN that pursuant ♦o Section 296 of the Companies Act, Chapter 50 a meeting of the
      2,612 words
    • 231 29 In the Matter Of The Companies Act, Cap. 50 And In The Matter Of BETAE ENGINEERING PTE LTD (Co. Reg. No. *****2398R) NOTICE OF CREDITORS' MEETING PURSUANT TO SECTION 296 OF THE COMPANIES ACT, CAP. 50 NOTICE IS HEREBY GIVEN that pursuant to Section 296 of the Companies Act, Cap
      231 words
    • 126 29 IN THE MATTER OF THE COMPANIES ACT. CAP. 50 SIDEL SINGAPORE PTE LTD (In Members' Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act. Cap. 50 that the Final General Meeting of the members of Sidel Singapore Pte Ltd will be
      126 words

  • EXECUTIVE MONEY
    • 410 30  -  By Chua Boon Lee Standard Poor's Associate, Fund Services A weekly highlight of the top fund sectors over a 12-month period. Data from Standard Poor's Fund Services. Thailand 2004 will probably go down as another cautionary tale about the dangers of chasing after performance. Lured by the
      410 words
    • 943 30  -  YOU AND THE TAXMAN What are the conditions for exemption of foreign sourced income and what pitfalls await the unwary? By KANG CHOON PIN, SOH PUI MING CAPITALAND, Creative Technology, DBS, OCBC, Osim, Sing Tel, UOB these are all homegrown names that are making waves in
      943 words
    • 4866 30 UNIT TRUSTS FUNDS Shenton Income 1.487/1.532 Shenton lncome(USD) 0.9/0 927 arm !«< a (u > Shenton Asia Pacific! 0.837/087 0.76/ Shemon Glb 0-655/0.681 Star Europe Bond 1 239/ GrMWChma*' A 116/1 Mfi Pnrnno (Lai 1 00/ JWlOH uFNtCf ClWU 1 16/1 206 Sw Sim eSTZ m Mendak Global- 0 678/0
      4,866 words
    • 1445 31  -  MONEY MATTERS Whole life vs term insurance? No competition, once you unearth some simple truths CHRISTOPHER TAN fm M F you buy insurJjjr I ance products like a whole life plan, you're paying to be served a plate of garbage that, in fact, if you
      REUTERS  -  1,445 words
    • 647 31  -  By CHET CURRIER Bloomberg HERE'S a handy way for the optimistic to test the strength of their convictions: Spend an hour or two perusing the latest comments of two widely respected money managers, Jeremy Grantham and Bill Gross. Mr Gross's views are so glum he himself speaks
      Bloomberg  -  647 words
    • Article, Illustration
      1021 32  -  Strong demand, tight supply and a weaker US dollar are driving up commodity prices in a disbelieving market. GENEVIEVE CUA reports GENEVIEVE CUA IF you had invested in a gold fund in the late *****, you may only recall ruing the losses. But the tables have turned, and
      Source: Deutsche Asset Management  -  1,021 words
  • Page 30 Advertisements

  • Page 31 Advertisements
    • 73 31 International Business Park (IBP) Close to Jurong East MRT station and bus interchange 115sqm onwards Raised floor system v Column-free layout 142sqm onwards Great tenant mix im> Column-free layout Changi Business Park 10-min drive to Changi airport and close to PIE ECP The Signature For more information, please call: Dave
      73 words
    • 30 31 We've made a haul! Share the good news with your investors Releasing a financial statement? Call 1800 289 8822 or email notices@sph.com.sg to book your advertisement in our newspapers now.
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    • 783 31 Deloitte D FRS 39: FINANCIAL INSTRUMENTSIncorporating the recent major changes to FRS 39 and lAS 39 1 FRS 39 "Financial Instruments: Recognition and Measurement" is, by far, the most complex and far reaching accounting standard issued by the Council on Corporate Disclosure and Governance( u CCDG"). Financial assets, liabilities and
      783 words

  • Page 32 Advertisements
    • 54 32 M n)| in 1 il^ II V p I >3 ■■■M fW^ i r -I IwWafl ——U -yt lp|l§pgpigffSspfßHßßpßj||B||M Actual specifications and equipment may differ from model shown here. 3 years or 100,000 km (whichever is sooner), except for tyres and battery. Subject to terms and conditions of Jaguar Cars
      54 words