The Business Times, 17 November 2004

Lock icon This issue may only be viewed from the multimedia stations at NLB Libraries. See FAQ for more information.

Total Pages: 32
1 32 The Business Times
  • 17 1 THE BUSINESS TIMES MICA (P) 023/03/2004 > fct *VM| NQWVMHI lfi> online at Http://business-times.asial .com.sg SINGAPORE 85 cents
    17 words
  • 138 1 STI 2,036.42 (-2.04) ST INDEX FUTURES 2,022.00 (unch) siMsa 242.12 (-0.88) SIMSO FUTURES 242.70 (-0.20) MARKETS Tuesday Change KLSECOMP Closed NIKKEI 225 11.161.75 -65.82 HANG SENG 13.746.08 -186.14 SET INDEX 642.65 -4.91 JAKARTA COMP Closed MANILA COMP 1.787.89 +45.08 SEOUL COMP 876.61 -5.72 SHENZHEN B 239.88 -0.24 BOMBAY
    138 words
  • 48 1 TOP STORIES PG 2 COMPANIES... PG 4-7 MARKETS PG 8 SINGAPORE PG 9 ECONOMY PG 10 M/SIA/INDON ...PG 11 CHINA PG 12 INDIA PG 13 ASIA PACIFIC ...PG 14 WORLD PG 15 AVIATION PG 16 SHIPPING PG 17 EDITORIAL PG 20 LETTERS PG 21 MOTORING PG 29
    48 words
  • 576 1  -  Govt 'happy to walk away' from casino plans if proposals do not meet expectations By VINCE CHONG [SINGAPORE] The government is set to spend $2 billion over a period of 10 years to develop the tourism industry and does not "need" gaming to
    576 words
  • 568 1  -  Some see this as beginning of trend for leasehold properties By VINCE CHONG [SINGAPORE] Eng Cheong Towers has become the first 99-year leasehold development ever to be put up for en bloc redevelopment sale, as liquidator PricewaterhouseCoopers (PwC) changes tack
    568 words
  • Page 1 Advertisements

  • TOP STORIES
    • 461 2  -  But poll shows they aren't impressed with their bosses' performance By NANDE KHIN IJINGAPORE] Most Singaporeans are satisfied with job and work environment but find their supervisors lacking, according to a study by human resource consultancy Watson Wyatt Worldwide. About 67 per cent
      461 words
    • 718 2 IPOs this year set to break high of 80 THE number of initial public offerings this year is set to eclipse the previous high of 80 set in 2000, with property developer Soilbuild Group the latest to unveil its bid for a Singapore listing. But while overvalued technology
      718 words
    • 387 2  -  Higher oil prices raising their operating costs By CHEN HUIFEN [SINGAPORE] In the face of higher oil prices, the government may allow transport companies and electricity suppliers to raise their charges, going by what was said in Parliament yesterday. In response
      387 words
  • Page 2 Advertisements
    • 159 2 m i Local celebrities declare i{H[HlH(<iil "BEIJING lOlllßlilM is the most effective" therapy works best, Jr"With a 30-year jf "j^ShaoGuanf JsmM MediaCofp Arttata A utfated Befinc 101 ctent '■*-> I^%u jjjjfatthick and hair has made me j Mpntrwm hair more confident and <# attractive. Thank you, Beijing 101." Ttftnct Cw
      159 words
    • 60 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: Simon ne Toh T: +€5 6535 3382 F: +65 6535 3991
      60 words
    • 36 2 I Owef 400 locations Worldwide I Ask us about Corporate, Individual or Group Instruction. !j a Call Berlitz today 6733-7472 or visit www.berlitz.com jj 501 Orchard Road #05-03/04 Wheelock Place Singapore *****0 iSc an, am vm\
      36 words


  • COMPANY NEWS
    • 646 4  -  HOCK LOCK SIEW By WONG WEIKONG IS A MERGER of Keppel Corp (KepCorp) with SembCorp Industries (SCI) such a good idea? It is, of course, one of the oldest M&A stories in town. The two Temasek-linked diversified conglomerates, in fact, even
      646 words
    • 1178 4  -  China plays and more realistic valuations are the story now, say observers By KENNETH LIM >HE number of initial public offers jji'Os) this year is set to eclipse the previous high of 80 set in 2000, with Property developer Soilbuild Group
      1,178 words
    • 237 4  -  By ANDREA TAN property developer Soilbuild Group is eyeing an Mitial public offering to raise funds for its China expansion. This makes Soilbuild the first residential property May this year. '•J It will also be the first real estate listing, apart from property trusts, on
      237 words
    • 427 4  -  By WONG WEI KONG SHARES of China Aviation Oil (CAO) suffered a drubbing yesterday after the company reported a fall in third-quarter earnings last week. The stock slid 6.7 per cent or nine cents to close at $1.26, after dipping as low as
      Source: Bloomberg  -  427 words
    • 1457 4 {STRAITS TIMES INDEX STOCKS nunc m Oe$» Change Stock m dow Oiiiibi #Jkllgreen50c 0.28 1 030 -0.030 NOL 2.15 3.040 fT Inti IA20C 0.43 0.935 OCBC 10.24 13.700 CapitaLand 1.36 2.050 +0030 Parkway H 25c 0.65 1.410 -0020 I" SemiCond 26c 0.78 1 030 -0.010 People's Food HK50c 0.41 1.390
      1,457 words
    • 356 6  -  It cites 13.9% increase in seat capacity due to new routes By VEN SREENIVASAN SINGAPORE Airlines saw a slight year-on-year drop in October load factors as it increased capacity and launched new routes. Passenger load factor dropped 0.9 percentage point to 72.8
      356 words
    • 802 6  -  Developers CityDev and AIG have so far sold over 350 units at The Sail By KALPANA RASHIWALA CITY Developments executive chairman Kwek Leng Beng has bought four apartments at The Sail Marina Bay condo but had to "sacrifice" a penthouse unit he
      FILE PHOTO  -  802 words
    • COMPANY BRIEFS
      • 55 6 CHINA-BASED Full Apex said it will establish a new polyethylene terephthalate (PET) bottle production plant in Zhanjiang in the Chinese province of Guangdong. Scheduled for operations around March next year, the HK$52 million plant is expected to have an annual production capacity
        55 words
      • 48 6 NEWLY-LISTED modified starch producer China Sun Bio-chem Technology Group has appointed ComfortDelgro's chairman Lim Jit Poh as a non-executive independent director. Mr Lim also sits on the board of several public-listed groups such as The Ascott Group and Inchem Holdings.
        48 words
      • 83 6 Bloomberg SINGAPORE Airlines said it expanded a ticket-sales agreement with Deutsche Lufthansa AG to meet growing travel demand to destinations in Europe and Asia. Starting Dec 1, SIA will offer seats to its passengers on Lufthansa's 77 weekly flights between Frankfurt and the Spanish
        Bloomberg  -  83 words
      • 59 6 SNF Corporation said Ventures Management Solutions will subscribe to 12 million shares at 27 cents each in a placement deal. SNF said the investment —which amounts to about 11.6 per cent of the enlarged capital will allow it to further grow its electronic equipment
        59 words
      • 39 6 CONTACT lens maker Oculus Ltd said its net loss narrowed to $1 million in the first nine months from $2.4 million in the year-ago period. Revenue rose 10 per cent to $8.4 million.
        39 words
      • 62 6 TRANSMARCO Ltd said it will sell its property unit at Delta House in Alexandra Road for $2.54 million. The net deficit arising from the disposal, after taking into consideration a deferred taxation writeback, is about $31,824. Transmarco said it had no requirements for the space after
        62 words
      • 91 6 Kl VENTURES Ltd said it has completed the strategic roll-up of its interests in education-related investments in Knowledge Universe Learning Corporation and Unext.com into a newly formed investment holding company called Knowledge Universe Holdings LLC. The new holding company will also acquire the assets of
        91 words
      • 71 6 HIAP Hoe Ltd's wholly-owned subsidiary Leong Hoe has bought the 9-unit Angullia Heights and an adjoining vacant land for $27 million. This works out to a land cost of $558 per square foot of potential gross floor area. The seller is Hiap Hoe
        71 words
    • 692 7  -  It has borrowed US$325m from ST Telemedia to tide it over till year end By ANGELA TAN GLOBAL Crossing, the 61.5 per cent-owned US unit of ST Telemedia, unveiled sharper-than-expected losses in the third-quarter in the US on Monday as prices of its
      692 words
    • 288 7 Delivery of $4.8m orders deferred to next year, it says BARELY two months after it was floated, Pan Asian Water Solutions has warned that its sales and earnings will be lower than expected for the financial year ending December 2004. The Sesdaq-listed wa-ter-treatment
      288 words
    • 181 7 Reuters ST Engineering Ltd, a defence contractor 55 per cent owned by the Singapore government, said yesterday that it had entered a joint venture with Kazakhstan's state engineering agency. The firm, to be based in the Kazakhstan capital city of Astana, will
      Reuters  -  181 words
    • 173 7 Bloomberg SEMBCORP Industries Ltd, South-east Asia's biggest civil engineering company, said it's setting up a $1.5 billion multicurrency debt programme managed by HSBC Holdings Pic and other lenders. The Singapore-based company said the debt plan will replace its existing $2 billion programme, which has
      Bloomberg  -  173 words



  • Page 7 Advertisements
    • 683 7 Mobile ¥1 KSISM Online A+\ Star Hub |i||l F Business jps hl Star Hub Push Mail Duality gives your business greater flexibility and even more savings! Now being out of the office doesn't mean you're out of touch. Star Hub Push Mail Duality empowers you FREE Golden Numbers with the
      683 words

  • SINGAPORE MARKETS
    • 898 8  -  CURRENCIES Media reports focus on study which suggests a drastic fall of up to 40% ahead LARRY WEE Senior Correspondent THE US dollar's slide continued almost unabated over the past week and, by now, the reasons behind it have become all too
      898 words
    • Article, Illustration
      426 8 OTHER SINGAPORE INDICES Nov 16 VALUE CLOSE BT OB/OS -254.00 437.00 BT CADI -*****.00 -87.00 BT 10-day MA -*****.00 -26.00 All-SG Equities 521.56 -2.18 SG Equities Elect 152.49 -0.19 SG Equities Fin 1618.61 -1.04 SG Equities Prop 499.34 -0.20 SIMSCI 242.12 -0.88 SiMSCI Futures 242.70 -0.20 MOST ACTIVE STOCKS VOLUME
      426 words
    • Article, Illustration
      473 8  -  Compiled by KENNETH LIM Guangzhao Industrial Forest Biotechnology Grp Nov 16 dose: $0.32 DBS VICKERS RESEARCH, Nov 16 SOFT 3Q04 results were within expectations. 9M04 profit grew 46 per cent to 97.4 million yuan as existing stocks grew. Net profit was down marginally by 2 per cent year-on-year
      Source: Bloomberg  -  473 words
    • 377 8  -  STOCKS R SIVANITHY Senior Correspondent INDEX-WISE, it might in broking parlance be described as a "muchneeded consolidation" after the index rose to two successive four-year highs last week. The reality, however, was that if not for the Jardine group the Straits Times Index would have
      377 words
    • TRADES TO WATCH
      • 134 8 AZEUS Systems Holdings managing director Lee Wan Lik bought one million shares on the open market yesterday, raising his direct stake to 19.34 per cent from 19 per cent. The shares were bought at about 18.1 cents apiece. Mr Lee is also deemed
        134 words
      • 72 8 KING Wan Corp managing director Chua Eng Eng became a substantial shareholder yesterday after buying one million shares on the open market at 10.5 cents each. The acquisition raises his direct stake to 5.13 per cent from 4.73 per cent. Shares of King
        72 words
      • 89 8 LAFE Technology chairman and group chief executive officer Christopher Ho Wing-On saw his deemed shareholding increase again yesterday after the Grande Group bought 352,000 shares on the open market at 18 cents apiece. Mr Ho, who does not hold any direct stake in Lafe, now
        89 words
      • 58 8  -  Compiled by KENNETH LIM IPCO International substantial shareholder Chng Gim Huat raised his stake in the infrastructure and construction group on Friday last week, buying 167,000 shares on the open market. He now has a 5.35 per cent stake, from 5.33 per cent previously.
        58 words
    • 320 8  -  CHART POINT By LIM SAY BOON OCBC Investment Research THE possibility that we flagged last week of the Straits Times Index breaking the 2,027 resistance and heading to 2,050 has pretty much played itself out. The index reached an intra-day high of 2,046
      Source: Bloomberg  -  320 words

  • SINGAPORE NEWS
    • 486 9  -  YESTERDAY IN PARLIAMENT But oil-induced global economic slowdown still looms: Eng Hen Reports by CHEN HUIFEN SINGAPORE'S unemployment rate is likely to end the year at 4 per cent or "slightly below" that mark, according to Manpower Minister Ng Eng Hen. Dr
      486 words
    • 271 9 SINGAPORE will be hosting the inaugural Asia-Middle East Dialogue (Amed) next June, with Egypt offering to host the second meeting in 2006. Acting Foreign Minister Raymond Lim said Amed will bring together officials, academics, religious leaders and opinion makers from some 50 countries
      271 words
    • 345 9 IN his first major international summit since taking office in August, Prime Minister Lee Hsien Loong will be in Chile this week for the 12th Asia-Pacific Economic Cooperation (Apec) economic leaders' meeting. Accompanied by Mrs Lee, Mr Lee left yesterday evening for
      345 words
    • 257 9 SINGAPORE'S retail sales rose 10.6 per cent year on year in September as most retail activities recorded better business. Figures released yesterday by the Department of Statistics show that month on month, the retail index rose 3 per cent. Excluding motor vehicles, the
      AP  -  257 words
    • 424 9  -  Winner, to be picked in Jan, to finish job in a year By RONNIE LIM FIVE groups including Shell from an original 26 are left in the running to conduct a feasibility study on Singapore's import of liquefied natural gas.
      424 words
    • 534 9  -  By RAJU CHELLAM IN WHAT could be an Asian first, the National University of Singapore (NUS) is setting up a "supercomputing grid" that will initially link 800 personal computers (PCs) to act as a single massive unit. The aim is to link
      534 words
  • Page 9 Advertisements
    • 243 9 A World Dominant Brand Name To Be Created on our Emergence To Be A Global Hnb For AH Notebook Computer Spare Parts Within two years, we would be best known to the world in this niche secondary market worth Ss3 billion. We want to make it the first choice for
      243 words

  • ECONOMY WATCH
    • 761 10 Manufacturers probably curbed production as overseas demand slowed Bloomberg [SINGAPORE] Singapore will probably say its economy shrank at a 3 per cent annual pace in the third quarter, more than initially estimated, as manufacturing slowed in response to waning overseas demand for computer
      Bloomberg  -  761 words
    • 733 10 Bloomberg [TOKYO] Japan's Cabinet Office said it grew more pessimistic about the state of the world's second-larg-est economy in November for the first time in 17 months, citing slowing manufacturing and overseas demand. "Exports are weakening, and industrial production is leveling
      Bloomberg; AFP  -  733 words
    • 229 10 AFP [DUBLIN] US Treasury Secretary John Snow said yesterday that China had accepted the notion of currency flexibility and was "taking a lot of steps" in that direction. Speaking to journalists in Dublin, Mr Snow reiterated Washington's view that China should allow a more
      AFP  -  229 words
    • 738 10 AP [BRUSSELS] European Union officials urged the United States to curb its deficits to help bolster the sagging dollar amid fears a strengthening euro would stifle Europe's fledgling economic recovery. "Now it's up to the Americans to respond," French Finance
      AP  -  738 words
    • 411 10 Bloomberg [SHANGHAI] China's central bank said investment in factories, roads and other fixed assets remains high and growth may rebound, suggesting authorities are unlikely to relax loan curbs aimed at cooling the world's seventh-largest economy. Inflation will also continue to be a
      Bloomberg  -  411 words

  • MALAYSIA
    • 744 11 Response suggests four-month tussle for group will be prolonged Bloomberg, Bernama Bernama [KUALA LUMPUR] Nasimuddin Amin, one of two Malaysian tycoons bidding to buy a stake in DRB-Hi-com Bhd, said he has rejected his rival's offer to split the company that sells
      Bloomberg, Bernama; Bernama; FILE PHOTO  -  744 words
    • 508 11 Bloomberg [KUALA LUMPUR] Malaysia may abandon the ringgit peg in the first half of 2005 amid US dollar weakness and on speculation China will adjust its fixed-exchange rate, ÜBS AG said in a research note. China's buying power for Asian goods may
      Bloomberg  -  508 words
    • 337 11 Reuters [KUALA LUMPUR] Malaysia may revise domestic retail oil prices if global crude oil breaches US$6O a barrel but will continue to subsidise prices at a reasonable rate, the government's economic planning body said in a publication. The publication didn't
      Reuters  -  337 words
  • Page 11 Advertisements
    • 387 11 opportunity indja The art of growing your prospects ififi India. The economy with its eyes firmly galjßfeiiftA' */f very important to notm that our traditionary friendly 8 set on tomorrow. The land where relation* (with tha ASEAN) have now acquired a muftiW&BkSi VjM business grows big. only to make and
      387 words

  • GREATER CHINA
    • 705 12 8 listed this year, 10 more planned in months ahead, but quality may suffer Reuters [HONG KONG] For China's tech firms, Nasdaq is where the action and the money is. The surge of Nasdaq listings from China eight this year, with 10 more
      Reuters  -  705 words
    • 176 12 AFP [PARIS] French-Italian semiconductor maker STMicroelectronics NV and South Korean group Hynix Semiconductor are to begin construction of a new Chinese production site early next year, with initial production set to begin in 2006, STMicro said yesterday. STMicro owns a 33
      AFP  -  176 words
    • 440 12 Move seen as preparing for more flexibility in yuan Reuters, Bloomberg [BEIJING] China said yesterday that it would loosen restrictions on the transfer of personal assets abroad the latest move to ease controls on capital flows and take pressure off the yuan
      Reuters,; Bloomberg; AFP  -  440 words
    • 359 12 AFP [HONGKONG] The International Monetary Fund (IMF) said it expects Hong Kong growth to slow from this year's 7.5 per cent to 4 percent in 2005 as Chna and the global ecc only cools. i an annual review of the Hong
      AFP  -  359 words
    • 410 12 AFP [BEIJING] The European Union warned Beijing on Monday that sanctions were an option if it failed to step up efforts against counterfeiting, as it revealed figures showing China to be the worst offender among EU trade partners. "We
      AFP  -  410 words
  • Page 12 Advertisements
    • 148 12 A Super Star is Born at Swissotel The Stamford, Singapore H mam Innii^^Pß iiHßK'MMiral ibbiihhhhbi^^hh^lH^HHHH^BH^H Swissotel The Stamford congratulates Ms Rachel Chen, Guest Relations Officer Winner of the Super Star Award (Hotel Category) in the Excellent Service Award 2004. A national award which recognises individuals who have delivered outstanding service,
      148 words

  • INDIA
    • 439 13 Ballmer announces hiring spree, pushes for Windows in battle against Linux AP. Bloomberg [NEW DELHI] Microsoft chief Steve Ballmer yesterday brought his campaign to retain his company's dominance in the Indian software market amid growing competition to the country's leadership. In his scheduled
      AP.; Bloomberg; REUTERS  -  439 words
    • 353 13 Bloomberg [MUMBAI] India's rupee rose to ite strongest in more than fiv€ months on speculation that investors abroad would continue to buy the nation's stocks after the benchmark index had a third witning week. The ripee has risen for four weacs, helped
      Bloomberg; Source: Bloomberg  -  353 words
    • 701 13 A new book describes the Indian rulers' eccentric fascination with the luxury car AFP INDIA'S pampered maharajas were well known for being able to resist everything except temptation in the shape of jewels, gold, palaces, legions of servants and, of course, luxury cars. And the automobile that
      AFP; AFP RLE PHOTOS  -  701 words
    • 278 13 Bloomberg [NEW DELHI] India has cut the price of gasoline as crude oil futures fell for the fifth day in six on Monday, reaching their lowest in almost two months. The price of petrol was cut by about 1.16 rupees a
      Bloomberg  -  278 words
  • Page 13 Advertisements
    • 47 13 RECTANGLE A L'ANCIENNE I I p|S|—i Ijt I*-- l PiageT Geneve PIAGET Boutique: #01-11 Ngee Ann City Tower B, 391 Orchard Road, Singapore *****4. Authorised Retailers: Cortina Watch Roy Eastern Watch Sincere Fine Watches The Hour Glass (Scotts Shopping Centre) For more information: +65 6732 6831 www.piaget.com
      47 words

  • ASIA-PACIFIC/WORLD
    • 445 14 It is also doubling its allocation for investing in hedge funds to US$2b Reuters [SACRAMENTO] Calpers, the biggest US pension fund, put corporate boardrooms on notice on Monday that it is planning a crackdown on executive compensation, and said it would double its
      Reuters  -  445 words
    • 357 14 AFP [BEIJING] China will loom large over an Asia-Pacific summit in Chile, with the US hoping that Beijing will loosen a fixed yuan-dollar link and cool, but not freeze, its red-hot economy. President Hu Jintao will likely reiterate to his Apec partners
      AFP  -  357 words
    • 441 14 He will pay Stanley Ho US$163m for 28% of Park Hyatt Bloomberg [HONG KONG] Kerry Packer, Australia's richest man, has bought a stake in Stanley Ho's latest Macau gaming project as Asia's two biggest casino operators team up to expand in the region. Packer's
      Bloomberg  -  441 words
    • 545 14 Bloomberg [LONDON] The UK government will set an initial limit of eight Las Vegas-style super-casinos in its new Gambling Bill, to reduce opposition from members of Prime Minister Tony Blair's Labour party. The "pilot phase" of eight su-per-casinos was announced to the committee
      Bloomberg; REUTERS FILE PHOTO  -  545 words
    • 198 14 AP [TOKYO] Japan and the Philippines are inching closer to a free trade agreement now that they have shelved the contentious issue of Japan's 270 per cent sugar tariff, sources said. Having resolved their differences on agricultural and fisheries products during the latest round
      AP  -  198 words
  • Page 14 Advertisements
    • 83 14 If 71- X _1 i.. i.-* Presented Diners Club Credit Card To apply, call: *****980 Where to wine, dine and entertain... tfi|Oy de c oys <k._e "vel" doily Ky o rime onfy Pleose call 6430"4119 to make reservations Oxford Hotel 218 Queen Street Smgopore *****9 IN j| Wine Culture (Tel:
      83 words
    • 21 14 GREAT WINES direct H ESSIEUISs&^EBI #02-02 Tonglin Shopping Centre Next to Orchard Parade Motet 95, c Wf«* Tel: *****213 *****699 *****170
      21 words
    • 35 14 [■(•MM Deer sunmys ■endless flew ■of exotic kebabs and ■ice coia Deen ■every Sunday at Sls+++ per person 11 l.OOpm 1.39pm lenjoy a free flow of exotic ■kebabs and Ice-celd beer for the ■perfect afternoon!
      35 words
    • 93 14 NORTHERN INDIAN BUFFET AT NEW PARK CAFE 2 Available nightly, 6.30pm to 10.30pm I Be impressed by our Master Chefs tantalising array of Northern Indian specialities such as Hydrabad rtev Bryanni, Chicken Makhani, Ran Pm Rattani (lamb leg) and many other choices to feast on. Dinner Adult $17.50 Child $10.50
      93 words
    • 49 14 MERITUS MANDARIN SINGAPORE BUFFET DINING AT ITS BEST Fresh oysters, delectable lobsten, savoury honey-glazed ham, US Prime Rib of Beef and many more mouth-watering dishes to leave you spoilt for choice. Reservations: 6831 6271/72 MERITUS MANDARIN 333 Orchard Road, Singapore *****7. Tel: +65 6737 4411. Fax: +65 6732 2361.
      49 words

  • WORLD
    • 846 15 She will only be the second female to hold the top cabinet post Reuters AFP [WASHINGTONtfUS President George Bus|i has chosen National Security Adviser Condoleezzi Rice, one of his closest conf dantes, to replace resigning Secretary of State Colin Povtell, senior administration
      Reuters; AFP; AP  -  846 words
    • 58 15 [LONDON] A man walks by shortlisted artists Langlands Bell's interactive digital reconstruction of "The House of Osama bin Laden which allows visitors to explore the remote house in Afghanistan formely occupied by bin Laden, at the Tate Britain in London during the opening of the
      AFP  -  58 words
    • 351 15 Bloomberg [SAN FRAMCISCO] Oracle Corp chief financial officer Harry You said US$24 a share remains the company's "best and final" offer for rival People Soft Inc in what may be the last week of a 17-month hostile takeover fight. The US$B.B billion offer, rejected
      Bloomberg  -  351 words
    • WORLD WATCH
      • 75 15 Reuters [WASHINGTON] US producer prices shot up 1.7 per cent last month, the biggest gain in nearly 15 years and well above expectations, as energy costs skyrocketed and food prices surged, a government report showed yesterday. Even outside of food and energy, producer prices climbed
        Reuters  -  75 words
      • 78 15 Reuters [NEW YORK] The New York Stock Exchange wants Wall Street firms to admit by the end of the week whether they did any deals without sending out a prospectus, the Wall Street Journal reported yesterday. Letters were sent from the NYSE's enforcement arm in
        Reuters  -  78 words
      • 70 15 Reuters [NEW YORK] Wal-Mart Stores, the world's biggest retailer, yesterday reported higher quarterly profit, meeting Wall Street expectations, and said it was optimistic about the rest of the year. Earnings rose to U552.29 billion, or 54 cents per share, in the third quarter ended Oct 31
        Reuters  -  70 words
      • 96 15 Reuters [LONDON] German luxury carmaker Porsche proposed hiking its dividend to four euros per preference share for the past fiscal year after posting record earnings on Monday and confirming that growth would continue. Porsche's hot-selling Cayenne offroader helped drive pre-tax profits up nearly 17 per cent
        Reuters  -  96 words
      • 95 15 Reuters [HONG KONG] Asia Pulp Paper (APP) yesterday said it would invest US$l.9 billion to build the world's largest paper factory in China as it wraps up key parts of a massive debt restructuring. APP, the largest corporate debt defaulter in emerging markets history, said
        Reuters  -  95 words
      • 83 15 Bloomberg [WASHINGTON] Fannie Mae, the biggest source of US mortgage money, said its third-quarter profit rose one per cent to US$l.B5 billion, and that it missed a Securities and Exchange Commission deadline for filing financial statements. Net income fell 9 per cent to U552.42
        Bloomberg  -  83 words
    • 398 15 Former govt, police officials face the rap after 22 years AFP [PARIS] In an affair described as France's answer to Watergate, 12 former government officials and senior police officers went on trial in Paris on Monday for running a phone-tap-ping operation which was used
      AFP  -  398 words
    • 356 15 Bloomberg [NEW YORK] American Express (Amex) sued Visa International Inc and MasterCard International Inc for imposing rules, later overturned by the courts, that barred thousands of banks from issuing its credit card. The suit, which also names eight banks as defendants, seeks billions
      Bloomberg  -  356 words
  • Page 15 Advertisements
    • 341 15 advertise call toll free 1800 289 8822 B—il: n<Htetg*«ph.co».gg IN THE MATTER OF THE COMPANIES ACT (CAP. 50, 1994 ED) AND IN THE MATTER OF MEIJISEIMEI INVESTMENT SINGAPORE PTE LTD (In Members' Voluntary Liquidation) (Company Reg. No. *****0792E) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section
      341 words

  • AVIATION
    • 263 16 AFP [HONG KONG] Talks between Hong Kong's airport and rival Chinese hubs have run into serious difficulties, making it unlikely that Hong Kong will clinch alliances with Shenzhen and Zhuhai airports before its planned privatisation in 2006, a press report said
      AFP  -  263 words
    • 476 16 Bloomberg [SAO JOSE DOS CAMPOS, Brazil] Empresa Brasileira de Aeronautica (Embraer), the world's fourth-biggest aircraft maker, posted its biggest quarterly profit since 2002 on the delivery of twice as many planes following certification of its new, bigger jet. Net income
      Bloomberg; REUTERS FILE PHOTO  -  476 words
    • 385 16 AIRLINE CODES: AA: American Airlines (AAL), AF Air France (AFR), AI: Air India (AK), AY Finnair Oy (FIN), AZ: Alitalia Airlines (AZA),BA: British Airways Public Ltd Co (BAW), BG Biman Bangladesh Airlines (BBC), BI: Royal Brunei Airlines Sdn Bhd (RBA), BO Bouraq Airlines (BOU), BR EVA
      385 words
    • 584 16  -  Open skies talks between S'pore, Canberra may reopen next year By VEN SREENIVASAN [SINGAPORE] Australia could grant Singapore Airlines (SIA) unlimited access to Australia-US trans-Pacif-ic routes within the next 12 to 18 months. Australian Deputy Prime Minister and Transport Minister John Anderson told media yesterday that
      584 words
    • 388 16 Bloomberg [MADRID] Amadeus Global Travel Distribution, the world's largest reservation company, raised its fullyear profit forecast because of a rebound in demand for trips. Amadeus said on Monday that it expects net income of 210 million euros (*****.7 million) in 2004, 31 per
      Bloomberg  -  388 words
    • LOG BOOK
      • 137 16 Reuters [DALLAS] American Airlines on Monday rolled out a new option for air travellers in North America where they can rent a portable entertainment system stocked with movies, music videos and online news for US$lO to US$l2. American Airlines, a division of AMR Corp said
        Reuters  -  137 words
      • 92 16 Reuters [LONDON] South Africa is shaping up as the next battleground for British airlines which plan to lobby for more flights to Cape Town and Johannesburg if the countries agree to increase air capacity later this month. Britain and South Africa are scheduled
        Reuters  -  92 words
      • 112 16 Bloomberg [HONG KONG] Chek Up Kok international airport handled 17 per cent more passengers in October than a year earlier as air travel increased. The airport, Asia's third-busiest by passenger numbers this year, handled 3.4 million travellers last month, up from 2.9 million
        Bloomberg  -  112 words
    • 250 16 AP {TORONTO] Air Canada executives said international routes are doing better than expected and the airline is looking for used jets to add to its fleet. "At present, the international piece of our operation has just moved to a position of extremely, extremely
      AP  -  250 words

  • SHIPPING
    • 581 17  -  It aims to capture 36% market share Down Under in three years By DONALD URQUHART [SINGAPORE] Aiming to capture over a Jhird of the Australian marine supply market within three years, Singapore-listed marine supply and logistics provider Sinwa Ltd has acquired three Australian companies. Sinwa
      FILE PHOTO  -  581 words
    • 269 17 Reuters [TEL AVIV] Israel's largest shipping firm Zim Integrated Shipping Services aims to boost its fleet through a series of purchases and is in talks over expanding its shipping lines, company officials said. Zim, which is 98 per cent owned by holding
      Reuters  -  269 words
    • 421 17  -  Ship owned by Belchem S'pore among 8 held in UK By DAVID HUGHES in London [LONDON] A ship owned by a Singapore-based company was among eight vessels detained in UK ports last month for safety violations, according to the country's Maritime and Coastguard Agency (MCA).
      421 words
    • 381 17  -  By DONALD URQUHART [SINGAPORE] Forwarders and non-vessel operating carriers (NVOCs) are risking multi-million dollar claims due to a lack of awareness that declaration of dangerous goods is now mandatory, said mutual insurance association, the TT Club, recently. The TT Club is concerned at what
      381 words
    • 161 17 Reuters [RIO DE JANEIRO, Brazil] Brazil's main grains port of Paranagua in the southern state of Parana closed on Monday after a vessel exploded, a Parana state civil defence official said. Four people were still unaccounted for and 20 were injured, said the official,
      Reuters  -  161 words
    • 295 17 S6X '000 SS *>■ Vol CH Offshore 0.39 -0.01 1480 ChuanHup 0.66 -0.01 2288 Cosco Corporation 1.18 0.02 9404 CWT Distribution 0.56 -0.01 233 E?'a Hldgs 1.11 -0.04 234 F. ght Links .0.10 unch 151 Grand Banks Yacht 0.89 -0.01 19 Java Holdings 1.02 unci 1820 K1 Venture
      295 words
    • 801 17  -  STRAIT TALK By DAVID HUGHES ON many small, coastwise vessels with modest size, crews, the cook or the engineer is unlikely to be perturbed if told to make fast a mooring line as the vessels docks. Indeed, on such vessels the food
      801 words

  • FOCUS: MIDDLE EAST
    • 1416 18  -  CHEN HUIFEN looks at the wealth of business opportunities available in the Middle East CHEN HUIFEN SPEAK of the Middle East and more often than not, images of war-torn areas and terrorism acts spring to mind. But 6urely there must be more in the region that is halfway
      1,416 words
    • 1100 19  -  Enlightened leadership, oil money and an abundance of water have transformed Dubai into one of Asia's showcase cities. VEN SREENIVASAN has the details VEN SREENIVASAN DUBAI, the commercial capital of the United Arab Emirates, must be one of the most amazing cities in Asia. Set against
      1,100 words
  • Page 18 Advertisements
    • 126 18 INVEST IN DUBAI 4 m 11 !!®:23-^ MAG 214 ON JUMERIAH LAKE TOWERS 312 stunning units of 1,2,3 bedrooms Fully facilitated, ultra-modern development, many with stunning waterfront views Approx. 5 minutes from Media and Internet Cities 20 minutes from Dubai International Airport u Completion end 2006 83 Asteco aat./Mj™, Ca
      126 words

  • Page 19 Advertisements
    • 72 19 A A A A A A A A A A A A A A A A A A A A A A AAA iHlSSEffiwlHlroHßE igHglVMf -7 ■K al Ife I ■■BS^?^tStlP- ,m t i KS .ji 11 Ipp^ 'iViii'^^BHl^^^^^^'"' '*'"""Y '"""i r' For more details contact your travel agent or
      72 words

  • EDITORIAL & OPINION
    • 514 20 EDITORIAL THE ongoing economic recovery hasn't percolated down to the country's small and medium-sized enterprises (SMEs), by some accounts. According to a recent business survey, small companies have in fact been posting weaker sales and profits. All the more reason, then, to focus on what
      514 words
    • 999 20  -  India-Pakistan relations could warm further if natural gas pipeline project gets off the ground ANDY MUKHERJEE Bloomberg RELATIONS between arch enemies India and Pakistan have taken a turn for the better. Recently, Pakistan's cricket team played in India for the first time in five years.
      Bloomberg; AfP  -  999 words
    • 778 20  -  THE BOTTOM LINE FRANK CHING THE uproar created by the apparent intrusion of a Chinese nuclear submarine into Japanese territorial waters could not have come at a worse time, since Tokyo had hoped that the Apec forum in Chile later
      778 words
    • 1227 21  -  China firms are actually claiming intellectual property rights to counterfeits by filing patents that grant them legal ownership in China By BRAD SPURGEON IHT INTERNATIONAL pressure on China to stop its counterfeiters is producing an unexpected twist. Rather than just copying another company's product, many Chinese
      IHT; REUTERS  -  1,227 words
    • 1038 21  -  LETTERS TO THE EDITOR Winston Chong Director Life Planning Associates Pte Ltd CHRISTOPHER Tan's article titled "Confessions of a financial adviser" (Executive Money, Nov 10) on the idea of buying term insurance policies and investing the difference is not new. For
      1,038 words
    • 527 21 IBEFER to the article "Confessions of a financial adviser" (BT, Nov 10). Allow me to comment on some points in the article. Firstly, there is no such thing as "you pay only the cost of insurance". Insurers can estimate a cost of mortality
      527 words

  • Page 21 Miscellaneous
    • 177 21 CRYPTIC CROSSWORD 1 Legal expert had project about gentleman on the 9 Mercy very much liking com- YESTERDAY'S SOLUTION way up T© passionate act (6-8) Across: 1 Buckfast, 5 Sadder. 9 2 Household linen used by 15 Nudes ate a concoction that Sparring 10 Stunts 11 Overseer monkey right inside
      177 words

  • 2472 22 SGX XTRANET 52 Wk T«l Uct Vol Day Last Quote GrOrv Dtv GrYtd Net MCap High low Code Company Sato W- ('000) Wflh Low tuyr SoHor CV S Hi Swi 6065 Diamonds US2060cd 2120 6095 IS DJ US Tech US3740 6097 IS MSCI Spore USSSScd 555 6101 ISS&PSOO
    2,472 words
  • Page 22 Advertisements
    • 48 22 tfSfr iUDEMARS PIGUET 'Le de m Regional Agent, Showroom Service Centre: AUDEMARS PIGUET (SINGAPORE) PRIVATE LIMITED. FINE CMts 501 Orchard Road #03-10/11 Wheelock Place Singapore *****0. Tel: 6238 6678 Fax: 6238 6676. Ngee Ann City Tel: 6733 0618 Lucky Plaza Tel: 6737 4648 http://www.audemarspiguet.com Suntec City Kali fl
      48 words

  • 2909 23 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local out SS In OSS %dy yr dy %y dy *yr Nov IS loden Change Change Change Change Oi»nqe Change World Indea Pttfcmnary 831.1 -0.1 6.7 0.1 S3 -0.1 8.2 1 EAFE Preliminary 758* 04 83 04 83 0.4 11.; Europe Preliminary
    2,909 words

  • Page 24 Advertisements
    • 1749 24 I TO USA/CANADA I I EXPORT I I OTHER DESTINATIONS I VESSEL VOY PKG [ETA SM LONG BEACH [DALLAS [HOUSTON MEMPHIS CHKAGO MEW YORK |j TO AUSTRALIA (AUSTRALIA ASIA EXPRESS) OOQ HAMBURG 07E47 OMIT 20/11 07/12 13/12 14/12 12/12 12/12 15/12 VKSU VOY ETA SIN PKG FIE MU SYD Mil
      1,749 words
    • 929 24 IINTERASIA KOKO SEKVKI vtssa/voY wwni hbghtw kg km to sm jw ST*ATTS VENTUtC/15 15 3.2 12/11 14/12 11/11 21/11 23/11 STUITCVENTIrtf/lt 15 3.2 25/11 27/11 02/12 05/12 07/12 STIAITS VENTUKE/17 15 3.2 M/ 12 12/12 16/1? 11/1? 21/12 1 WIST ASIA/UNOAi KOKO SYS Yissa/VOT RAWPfItT) HEtOHT(M) YOU Kg KHH HUH
      929 words

  • Page 25 Advertisements
    • 1003 25 MOl Combims g rongi or shipping modss to ensure limily, ratable services covering iiwyw ports in j) Norm America, Europe, Japan, Asia, Africa 4 Oceania, Alw flccspt hrtro-Aria Cvpn Is* BUSAN KWANGYANG SHANGHAI YANTIAN XIAMEN QMGOAO KLAMAN JAKARTA SURAIAYA KAOHSWN6 lAN6KOK LAIM CHAIAN6 tWQBIIWH PAStt 6UPAN6 WIANG WtT KBAN6 For
      1,003 words
    • 1342 25 VESSa VOY SIN JKT HKgTkHH|MK KYH PUS VESSEL VOY SIN JKT SUB HKG USN PUS HY VLADIVOSTOK ISOS 18/11 20/11 25/11 27/1129/11 1/1? 2/12 KMTC POUT KELANG 41 IS 21/11 24/11 25/11 30/11 4/12 5/12 HYPtOGKESS OS7S 25/11 27/11 2/12 4/12 4/12 »/12 1/12 KMTC SINGAPORE 4US 28/11 1/12 2/12
      1,342 words
    • 982 25 a&a WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICQ POINTS vtssti I vot I sm pjuawcl coiowio H SHIVA COUMBBQ iHaUUUHg DMIW IS MOV 17 MOV 20HQV 23N0V JUBL XOTAPEIWIIA YPWOS3 22 NOV 24 MOV 27 NOV 30 NOV 03 DK INDWA GANDHI QOMW W NOV
      982 words

  • Page 26 Advertisements
    • 799 26 IAXAf WALLENIUS WILHELMSEN website: http://www.2wglobal.coin Vissa I VOY I LK HUP HOW MIA SAV lAI OOF NYC HfW MO! TAUSMAN AM22 I 3201 ms I 6.3 M lIN PORT 20/12 27/12 28/12 02/01 31/12 04/01 24/12 TARONGA j Af423 3201 ms I 6.25 M I 01/12 25/12 04/01 11/01 12/01
      799 words
    • 1328 26 -YBSB Jffll M PS! YBSfl W SH JKT csf23oi oosop uzu 20/n MSJKM 22Z4 is/11 21/11 -SEJMJ 805?f 21ZU 22Z11 KCBAU 414] 28/1J 23/1J MC »ANOA 1346N 23/U 23/11 Mil 23/11 24/11 fflWi oowf azu H/H pacmntan n?s 25/11 _n/u mc IiXDA L2IZH 24/11 28/11 cy 2301 006 IP 25/lj
      1,328 words
    • 605 26 i BSA a, MYANMA five star line (Myonnor Notional Um) Loading for Yang on VISSa VOY SW PKI PEN PGU PAGAN 336W SLO SLD HPA-AN 326W SU> IN MALAYSIA: lOUSTIAD SHIPPING AGENCIES KUL/PKL 03-*****3 M PEN: 04-2633*15 AAccEPTine conventional cat HKG SIN HKG SIN PGU PKL KUC SMNKIN ACE 110
      605 words

  • Page 27 Advertisements
    • 1442 27 ft S'pore Agents lAI Shio*a| Ammv (S) ft* Ltd (CR NO: 16SM9M000Z) VWv% (If 180(*c)Vrt, ?H43 lanolol Bani BuMna, Singaporeo69s44 crnterasia JL,ines *****444/77 Fwuma w.kiii. www.i.i.r..i.iiM«.c»« SUPER EXPRESS SERVICE TO HOWQ KONQ A JAPAW YBM VOT OSK KOI SAZ IYO TO* I HKG IHttTiSM VBflL VOT |m |SV |HK |OSK
      1,442 words
    • 1079 27 /T~| I IMCC MAM; TIL 6221-1333 fAX: 6221-5272 I r\JL LI 111 CO «W""Wt™:*III.SSH»I:*IJ74HO I SINGAPORE: TONG JOO SMPPMG PTE LTD (Xltt *****M0000C Eiml: h Mkh|s9t|MS«.s| WMto: I |vssa |vot rasw| tni mm uu mia |vb» vot roai| mu sw |vbsr vot maw wn 400" w/n a/n 24/n 25/11 »/n
      1,079 words
    • 500 27 2351^^ ■MMfM TIGER SKY 236N 24-25/11 30-02/12 07-08/12 ■MUtiM TIGER SEA 237N 29 30/11 05-07/12 12 13/ 2 I TIGER WAVE 238N 30-01/12 07-09/12 14-15/121 ■■■■■■TIGERPEARL 239N 04-05/12 10-12/12 18-19/ 2 1 TIGER SKY 240N 07-08/12 14 14/12 21-22/12 HMMMMi BALSAM 164 A 19-19/1 IFOR DfSCHARGWGONW I ■U|U|bBTIGER CREEK 002
      500 words


  • MOTORING
    • 766 29  -  COMMENTARY Despite new Pari scheme those who paid high COEs are cashing out By SAMUEL EE CONTRARY to what Transport Minister Yeo Cheow Tong says, motorists aren't likely to keep their cars for up to 10 years because of the new Parf scheme. In fact, in
      766 words
    • 580 29  -  By SAMUEL EE JACKSPEED Corporation Ltd hopes to heat up Asean's $200 million leather upholstery market with a cool alternative the Hi-tech Cooling Leather. Designed by Italian company Dani Leather, the new cool leather technology uses a patented system to reduce the surface temperature
      SAMUEL EE  -  580 words
  • Page 29 Advertisements
    • 1137 29 A\ LINKS ISLAND HOLDINGS LIMITED L (Incorporated in the Republic of Singapore) (Company Registration Number: *****6289K) f NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting ("EGM") of LINKS ISLAND HOLDINGS LIMITED (the "Company") will be held at 10 Eunos Road 8 #05-31, Singapore Post Centre, Singapore *****0 on 2
      1,137 words

  • EXECUTIVE MONEY
    • 806 30  -  MONEY MATTERS A hospital plan is a must if you want to be sure you can afford rising medical bills CHONG KOK PENG MY father did not surance when he was hospitalised after a stroke several years ago. Like most Singaporeans, he preferred to
      FILE PHOTO  -  806 words
    • 478 30  -  By Chua Boon Lee A weekly highlight of the top fund sectors over a 12-month period. Data from Standard Poor's Fund Services ft has been a tumultuous year for investors in the world's largest and most influential market in 2004. After a strong January start the US
      478 words
    • 34 30 UNIT TRUSTS FUNDS LEGEND:All prices are indicative;Broadly Diversified; Narowly Focused;$ Lower Risk;^ Low to Medium Risk;& Medium to High Risk;** Higher Risk;open-ended;+Before subdivision of units;After subdivision of units;SP after stock split N.A-Non Dealing Day
      34 words
    • 1080 31  -  The Malkiel-Saha study also cautions investors of the bias that is built into how returns are reported, says JOHN WASIK JOHN WASIK Burton Maikiei is looking for a few realistic hedge fund indiThe Princeton University economics professor and author of the classic Random Walk Down
      1,080 words
    • 1131 31  -  YOU AND THE TAXMAN TAN LEE KHOON and FLORENCE NG look at how group relief rules can be efficiently applied TAN LEE KHOON, FLORENCE NG By ERNST YOUNG BEFORE the introduction of group relief, the losses incurred by a company can only be carried forward for
      By ERNST & YOUNG  -  1,131 words
    • 1158 32  -  In the last year or two, it is not guaranteed funds but the income theme that has found favour with investors. GENEVIEVE CUA looks at some income funds, and what investors should watch out for GENEVIEVE CUA MOVE over, capital protected funds. The name
      1,158 words
    • 601 32  -  By GENEVIEVE CUA ASIAN equity could well be the place where you can have your cake and eat it That is, dividend-yielding stocks will not only pay you an income, they are also more likely to outperform, based on historical data compiled by Citigroup Smith Barney.
      AFP  -  601 words
  • Page 30 Advertisements

  • Page 31 Advertisements
    • 77 31 I Procter Gamble I I bids for I I prime-time I ladslotson I I China's CCTV I I w h 2som| I yuan I I I H i 't I V B m. —zJL£lzp 1 idfr mrf J welling car? Reach out to more readers by Cf'^YV advertising in The
      77 words

  • Page 32 Advertisements
    • 377 32 Although the information in this document has been obtained from sources which Citigroup Asset Management (CAM) believes to be reliable CAM does not guarantee its accuracy and such information may be incomplete or condensed. All opinions and estimates in this document constitute CAM* ludaement as of this date and are
      377 words
    • 8 32 MONEY MATTERS Crucial first shield for investments. PG3O
      8 words