The Business Times, 25 November 2004

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Total Pages: 32
1 32 The Business Times
  • 12 1 THE BUSINESS TIMES SINGAPORE online at hltp^/business-time&asial.conLsg MICA (P) 023/03/2004 Thursday November2s,2oo4
    12 words
  • 866 1  -  Company says it's seeking legal advice in connection with its parent's vote By KENNETH LIM [SINGAPORE] 'Twas the month before Christmas, and the parent of China Aviation Oil (CAO) said at a truly extraordinary general meeting yesterday that its child cannot spend
    866 words
  • 139 1 Dsn 2.040.19 (+10.33) ST INDEX FUTURES 2.016.00 (unch) SIMSCI 242.06 (+0.86) SIMSCI FUTURES 242.10 (+0.50) MARKETS Wednesday Change KISECOMP 910.86 +1.48 NIKKEI 225 10.872.33 +22.94 HANG SENG 13,997.02 -26.27 SET INDEX 643.06 -7.81 JAKARTA COMP 961.32 +2.31 MANILA COMP 1.826.19 +14.96 SEOUL COMP 872.56 +12.16 SHENZHEN B 238.99
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  • 47 1 TOP STORIES ...PG 2,3 COMPANIES... PG4-8 MARKETS PG 8 BLUE CHIPS PG 9 SINGAPORE PG 10 ECONOMY PG 12 M'SIA/INDON.. PG 13 CHINA PG 14 WORLD PG 17 AVIATION PG 18 SHIPPING PG 19 EDITORIAL PG 20 STOCKS PG 22-23 BIZIT PG 28-29 PROPERTY.. PG 30-32
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  • 375 1  -  By SIOW LI SEN [SINGAPORE] In a surprise announcement, the Singapore Business Federation (SBF) said yesterday that its high-profile chief executive Cedric Chan has left the job after just six months. Earlier in the day, there had been talk that Mr Chan who
    375 words
  • Page 1 Advertisements

  • TOP STORIES
    • 535 2  -  Move reflects warmer ties between S'pore and Malaysia: analysts By PAULINE NG in Kuala Lumpur THE Government of Singapore Investment Corporation (GIC) has emerged as a substantial shareholder of Malaysia's national carmaker Proton. GIC, which already owns 4.81 per cent of Proton,
      AFP FILE PHOTO  -  535 words
    • 664 2 M'sian pays dearly for running bootleg movie site A MALAYSIAN resident who ran a website that offered pirated films for a fee was ordered by a California court to pay US$23.B million to movie studios, the industry's trade group said on Tuesday. The studios had sued Tan Soo
      664 words
    • 215 3 AFP [LOS ANGELES] A Malaysian resident who ran a website that charged users to watch pirated films was ordered by a California court to pay US$23.B million to movie studios, the industry's trade group said on Tuesday. The studios had sued Tan
      AFP  -  215 words
    • 510 3  -  Deal includes a six-star hotel with the St Regis branding and 255 homes By VINCE CHONG [SINGAPORE] Tycoon Kwek Leng Beng's Hong Leong Group will jointly develop a $900 million project comprising a six-star hotel and 255 luxury homes. The integrated development
      ARTHUR LEE  -  510 words
  • Page 2 Advertisements
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  • Page 3 Advertisements
    • 114 3 Asia Pacific is in fashion. And an affluent population is constantly looking for the latest clothes and accessories. Whether 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 action is. With more people in
      114 words

  • COMPANY NEWS
    • 623 4  -  HOCK LOCK SIEW By WONG WEI KONG flft tj HAT'S happening at China £5 M a Aviation Oil (Singapore) is g g bewildering, to say the least. ♦J m W Whatever transpires Jfnext, CAO, widely considered the best **China play on the Singapore
      623 words
    • 514 4  -  Latest twist in story came at CAO's EGM yesterday By JOYCE KOH FOR a while, China Aviation Oil (Singapore) Corporation, or CAO, was a darling stock that could do no wrong as its share price shot up like a rocket since last year. But
      Source: Bloomberg  -  514 words
    • 446 4 March 28,2003: FY2002 earnings rose 19 per cent to $48.2 million, buoyed by strategic acquisitions in Shanghai and Spain. Proposed a one-for-five bonus share issue. Sept 26: Aborted plans to buy a stake in an Asean company because of high price. fj "There were rumouiViafche market
      446 words
    • 285 4 Bloomberg SINGAPORE Telecommunications may have its representation in Morgan Stanley Capital International Inc's indices increased after Temasek Holdings sold shares in the phone company this month. Temasek, the Singapore investment company, sold 339 million shares, or about 2 per cent of the outstanding
      Bloomberg; Source: Bloomberg  -  285 words
    • 693 4  - Robinson picks Marks Spencer's HK chief as CEO Appointment could help retailer venture overseas By KALPANA RASHIWALA IN a move that could signal its intention to venture overseas, blue-chip retailer Robinson has picked as its new CEO a 37-year-old, Mandarin-speaking British from the Marks Spencer Group who heads the British
      693 words
    • 527 5 It ties up with the maker of London's black cabs to expand its UK operations and boost overseas sales Bloomberg COMFORTDELGRO will pay Manganese, the maker of London's black cabs, £1 (553.09) as a token sum for the Zingo taxi-hiring business under a 20year agreement,
      Bloomberg; FILE PHOTO  -  527 words
    • 529 5  -  By VEN SREENIVASAN PRIVATE investment firm 2G Capital has taken up a fifth of the initial public offer shares of Junma Tyre Cord Company. 2G the investment vehicle of Tommie Goh and Gay Chee Cheong has subscribed to 19.6 per cent of
      FILE PHOTO  -  529 words
    • 383 7  -  Sale of 5% stake to institutions sparks heavy trading, lifts shares up to 9.5% By JOYCE KOH AFTER a sharp spike in its share price and volume trading yesterday and a query from the Singapore Exchange, Sinomem Technology yesterday came out to say
      Source: Bloomberg  -  383 words
    • COMPANY BRIEFS
      • 64 7 SINGAPORE Technologies Engineering's US unit, VT Halter Marine, has won a US$3l million order to build a double-ended pas-senger-vehicle ferry for Nantucket Steamship Authority (SSA), a public entity of the Commonwealth of Massachusetts. The ferry, which will be able to accommodate 1,200
        64 words
      • 76 7 SHANGHAI Asia Holdings has entered into two share transfer agreements with shareholders of Liaoning Tianli Colour Printing Co (LTCP) namely Jiangyin Liantong Enterprise Co Ltd and Everbright International Group Ltd of Hong Kong—to acquire a 25.5 per cent stake in LTCP for
        76 words
      • 71 7 PAN United Marine Ltd has secured two shipbuilding contracts worth $45 million from Swire Pacific Offshore Operations, a wholly owned unit of Hong Kong's Swire Group. The two anchorhandling tug supply vessels to be built are scheduled for delivery in the first half
        71 words
      • 43 7 JACKSPEED Corporation Ltd had on Nov 1 bought the remaining 20 per cent of the total issued capital in Jackspeed Leather Manufacture (Thailand) Co Ltd for 2.17 million baht (S$90,000), making it a wholly owned subsidiary.
        43 words
    • 467 7  -  By VINCE CHONG DESPITE a shorter reporting period of 11 months because of a change in financial year-end, steel trader HG Metal Manufacturing's FY2004 net profit soared more than five-fold to a record high of $16.6 million. The $16.6 million earnings for the
      FILE PHOTO  -  467 words
    • 625 8  -  BT exclusive China's rapidly expanding SMIC outperformed it to clinch the 3rd place By RAJU CHELLAM THE slowdown in the chip sector seems to have inadvertently claimed a victim: Singapore's Chartered Semiconductor Manufacturing slipped from the third spot in the global
      FILE PHOTO; Source: IDC Asia-Pacific  -  625 words
    • 316 8  -  By JOYCE KOH ONCE again, newsprint prices are going up. Pan Asia Paper, one of the top suppliers of newsprint and other publication paper in the region, yesterday said it is increasing its prices by 5-7 per cent for its Asian export markets, effective
      316 words
  • Page 4 Advertisements
    • 389 4 BOHL BRIGHT ORIENT (HOLDING) LTD. (Incorporated in Bermuda with limited liability) (Bermuda Company Registration Number: *****) NOTICE OF SPECIAL GENERAL MEETING NOTICE IS HEREBY GIVEN that a Special General Meeting of the Company will be held at The Fullerton Hotel, TDB Room, 1 Fullerton Square, Singapore *****8 on 10 December
      389 words

  • Page 5 Advertisements
    • 49 5 WW&rPH^^H Bt V l 9 jryf I f r i^H^H 1 F fi^H^H m >. L tn. 4 x >> >^'®^H^^M V v i lbs* fl f s jr m W V F\ a v nU[ fl MKfr BK*r fl A p t> fl A J' «a ft \Bk,. -11
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  • SINGAPORE MARKETS
    • 528 6  -  STOCKS Some dealers believe foreign funds are buying S'pore property stocks as part of their regional portfolio reshuffle TEH HOOI LING Senior Correspondent BUYING in property and technology counters helped the market to gain for a second day. The Straits Times Index rose 10.33
      Source: Bloomberg  -  528 words
    • Article, Illustration
      818 6  -  Compiled by KENNETH LIM Stariiub Nov 24 dose: SO CREDIT SUISSE FIRST BOSTON, Nov 24 ue to drive subscriber and growth. At the same time, the recent launch of Its digital cable-TV service should drive cable-TV subscriber and ARPU (average revenue per unit) growth. ing leverage, we project
      Source: Bloomberg  -  818 words
    • Article, Illustration
      413 6 OTHER SINGAPORE INDICES Nov 24 VALUE CLOSE BT OB/OS 24.00 +188.00 BTCAPI -*****.00 +43.00 BT 10-day MA -*****.00 +3.00 AH-SG Equities 523.20 +1.92 SG Equities Elect 159.28 +1.76 SG Equities Fin 1609.26 +7.79 SG Equities Prop 515.37 +11.47 SIMSCI 242.06 +0.86 SiMSCI Futures 242.10 +0.50 MOST ACTIVE STOCKS VOLUME 5'nomtm
      413 words
    • 522 6  -  CURRENCIES LARRY WEE Senior Correspondent OVERNIGHT comments from the Russian central bank provided •frgflfIl,er1 l, er good unpopular Usfpollar to tumble to more fresh lows in Asian trading yesterday. And, as this kind of slide continues, longer-term downside objectives for the greenback versus the
      Source: Reuters  -  522 words
    • TRADES TO WATCH
      • 92 6 LAFE Technology chairman and chief executive Christopher Ho Wing-On's deemed interest rose to 63.68 per cent from 63.63 per cent after the Grande Group bought 485,000 shares on the open market yesterday. The shares were bought at 18 cents apiece. Mr Ho's stake in the
        92 words
      • 111 6 THE wife of Adroit Innovations managing director Richard Chan Sing En bought 500,000 shares on the open market on Monday at 4.5 cents apiece through a Mayban nominee account. The purchase by Ms Low Chin Yen brings the couple's combined shareholding to
        111 words
      • 97 6 QAF's unit Pemscorp bought 10.2 million shares of PSC Corp on Monday in a series of purchases and now controls an 18.08 per cent stake of the Econ Minimart franchise owner from 17.53 per cent previously. No pricing details were disclosed. QAF, a food
        97 words
      • 112 6 FOOD magnate Sam Goi's deemed holdings in newly listed Youcan Foods International now stands at 15.36 per cent from 14.99 per cent after Chinatown Food Corp bought 700,000 shares in a transaction on Youcan's Monday debut. No pricing information was released. Mr Goi,
        112 words
      • 55 6  -  Compiled by KENNETH LIM A DIRECTOR of two MFS Technology subsidiaries converted 96,000 share options on Tuesday. The options were exercised at 76 cents apiece, bringing Mr Peter Tan's shareholding up to 0.02 per cent from 0.01 per cent. MFS shares gained one cent yesterday
        55 words

  • Page 7 Advertisements
    • 167 7 i. CREATING INNOVATIVE SOLUTIONS SINCE 1928. The world's financial markets are often subject to sudden changes and navigating these markets successfully requires skill, dedication and vsion. At Pioneer Investments our formula for achieving investment success is the combination of talented investment professionals directing our business with specialists collecting and analysing
      167 words

  • Page 8 Advertisements
    • 372 8 j|U|| Jfl fct Ik. 1 m^ €m U f Hunit TRUSTS J Lattucm symbolizes m growing W in iXfrtunm. r Bp w Mr I ,'M M M r m mm w jP W &£s• iHP v. I A?-' ..».l .AND REAP YOUR INSTANT REWARD NOW! These rewards and more when
      372 words

  • BLUE CHIPS
    • 745 9  -  Shares soar but results unremarkable, reports WONG WEI KONG WONG WEI KONG JUST looking at the recent surge in the share price of Datacraft Asia, the IT company looks set to reclaim its blue-chip status. But market opinion remains divided on its appeal as an investment
      Source: Bloomberg  -  745 words
    • 34 9 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
  • Page 9 Advertisements
    • 95 9 w W l|B| r 811 TIMM Ijßliiu B '■•'M 'W I j B B. A ;''3S B B fl Jfc j^jsm' 4"< jlßßfe f- JPIBBBBHI^^M^B®!!^ Mii actually own a Patek Philippe. mS^i You merely |^R look after it for the next generation. Complicated by Patek Philippe B THE HOURGLASS SINGAPORE
      95 words

  • SINGAPORE NEWS
    • 648 10  -  YESTERDAY IN PARLIAMENT Bilingualism policy will fail if students are incompetent in mother tongue By CHUANG PECK MING SO hung up are many of us with the details of the overhaul in the teaching of Chinese language in schools that we have overlooked a
      FILE PHOTO  -  648 words
    • 399 10 Reuters [TOKYO] Japan's Sanyo Electric Co Ltd said yesterday it would raise its stake in a Thai unit and close a factory in Singapore as part of a plan to streamline production of home appliances in South-east Asia. Sanyo is gearing up for intense competition
      Reuters  -  399 words
    • 448 10 Reuters SINGAPORE'S factory output probably rose marginally in October after dipping in September and August, as electronics production offset weaker pharmaceuticals output, a Reuters poll showed yesterday. Since April, factory output has fallen every month apart from July. The threemonth moving average has been
      Reuters; REUTERS  -  448 words
    • 571 10  -  By CHEN HUIFEN SHANGHAI may be a contender for Singapore's position as a commodity trading hub, but Jeffrey Chen, who heads the energy risk management desk at SG Corporate Investment Banking (SGCIB), reckons it is "not really a short-term threat". "It's possible
      571 words
    • 246 10 STARTING an enterprise may be daunting, but some "hand-holding" is now available for those who are starting out on this path. A Business Clinic was launched yesterday by the Innovators Entrepreneurs Association (IdEA). This is the first comprehensive programme in Singapore to help entrepreneurs through
      246 words
    • 130 10 Xinhua [SINGAPORE] FedEx, the world's largest express delivery company, opened a financial services centre in Singapore, the first of its kind outside the United States. Local press reports yesterday quoted David Cunningham, Fed Ex's Asia Pacific president, as attributing the choice of the centre's location
      Xinhua  -  130 words
  • Page 10 Advertisements
    • 103 10 I L IBV H L V tll I 1 Visit our Showrooms: kembancan showroom tuas showroom 5 Jalan Masjid, #01 -09 Kembangan Court s Tuas Avenue 8 Singapore *****7 Singapore *****4 Tel: (65) 6861 5444 Fa*: I6S) 6861 1248 Tel: (65) 6223 5353 Fax: (65) 6226 5641 Opening Hours m
      103 words

  • FOCUS: SERVICES
    • 1333 11  -  LOGISTICS It offers door-to-door service to any part of the world for locally-based manufacturers to keep their loyalty, reports NANDE KHIN NANDE KHIN LAST week, we looked at a logistics company that many consumers are familiar with, DHL. Fewer people are, however, familiar with chemical logistics
      CHRIS LOH  -  1,333 words
  • Page 11 Advertisements
    • 36 11 I t$L I Lianhe Zaobao I Jurong I I International I I (China) I I marks its I 10th I anniversary I I with future I I development plans I I fcffl+jg# I I fg«ISISi*EBM3SB*it I
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    • 330 11 M Maaa B j Sole Distributor serangoon Bhatia Brothers Pte. Ltd. 1 North Bridge Road Bharath Watch Pte Ltd 172, Serangoon Road Tel: *****029 #01-36 High Street Centre Tel: 6339 3700 T t, 6 «£2« Hanrffa Textiles Pte Ltd 104-120. Dunlop Street Tel: *****053 Authorised Dealers: Mohamed Mustafa Samsuddin Co.
      330 words

  • ECONOMY WATCH
    • 461 12 53% in Asia upbeat on growth, against 43% in US, 31% in Europe: survey Bloomberg [LONDON] Asian consumers, led by Chinese and Indians, are more confident than their European and US counterparts as their economies outperform the rest of the world, a survey
      Bloomberg; AP  -  461 words
    • 282 12 Reuters. Bloomberg [WASHINGTON] US consumer sentiment brightened slightly in November, helped by cheaper gasoline and a better jobs outlook, a survey released yesterday showed. The University of Michigan's final reading of its consumer confidence index for November was 92.8, up from a final October reading of
      Reuters.; Bloomberg  -  282 words
    • 615 12 AP [SHANGHAI] Asia knows all too well the power of currency markets to wreak havoc on regional economies the upheavals of the Asian financial crisis of the late 1990s ensured that. This time around, currency speculators are bestowing a windfall on Asia, as
      AP  -  615 words
    • 437 12 Bloomberg [JAKARTA] Indonesia will probably miss its budget deficit forecast this year as record oil prices push up the cost of fuel subsidies, Finance Minister Jusuf Anwar said. The shortfall may reach as much as 1.5 per cent of gross domestic product (GDP),
      Bloomberg  -  437 words
  • Page 12 Advertisements
    • 116 12 fi cut BUTTER PRAWNS For a-la-carte diners only Singa Inn Seafood Restaurant JfcJNGA 920 East Coast Parkway, Singapore *****5 for Tel: *****111 Fox: 6345 2138 Business Hour*: 5.00pm 11.00pm Where to wine, dine and entertain... by: A World ofExdusiYc Privileges Treats Wh«n to catch Hn latest in Msur* mar shown
      116 words
    • 108 12 PLAZA PARKROYAL lIHIkfOII The Most Enchanted Moment In Life "View The Latest Bridal Gowns of 2005" Bridal Show Sunday, 5 December, Ipm to spm $15 nett per couple For a most enchanting wedding of a lifetime, come to Plaza Parkroyal's wedding show. Get to view our booths showcasing a variety
      108 words
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      39 words

  • MALAYSIA/INDONESIA
    • 703 13 Ratings agency Fitch says now is good time as economy is strong Reuters. Bloomberg [KUALA LUMPUR] The time is ripe for Malaysia to consider reviewing the ringgit currency's peg to the US dollar, since the economy is so strong, ratings agency Fitch said
      Reuters.; Bloomberg  -  703 words
    • 156 13 AFP [JAKARTA] The Indonesian Supreme Court has ruled in favour of a US-based power company against state oil and gas firm Pertamina, overturning a lower court ruling, a lawyer involved in the case said. "We are very pleased with the
      AFP  -  156 words
    • Article, Illustration
      42 13 [KUALA LUMPUR]A model displays an outfit by Malaysian designer Rizalman Ibrahim during the Kuala Lumpur Asia Fashion Week. It is the first event in Malaysia with the main aim of promoting Kuala Lumpur as the fashion hub of Asia. AFP
      AFP  -  42 words
    • 245 13 Bloomberg [KUALA LUMPUR] DRB-Hicom Bhd chairman Saleh Sulong has said that a tussle between two groups to acquire a stake in the Malaysian car group is "close" to a resolution. "I believe and I hope that we are already this close to ending this
      Bloomberg  -  245 words
    • 4 13
      4 words
    • 343 13 Bloomberg [KUALA LUMPUR] Shares of Genting Bhd, Asia's biggest publicly traded casino group, rose to an eightmonth high on expectations that its plan to develop Las Vegas-style casinos in Britain with the UK's Stanley Leisure Pic will bolster profit. Stanley Leisure, the largest UK casino
      Bloomberg  -  343 words

  • GREATER CHINA
    • 565 14 They are taking advantage of new rules to set up de facto channels Reuters [HONG KONG] Many of the world's biggest cable TV networks, including HBO and Nickelodeon, are taking advantage of newly relaxed laws governing media investment to set
      Reuters  -  565 words
    • 87 14 AP SHANGAI from corrupt oflßci&b Chinese le&ci case since the founding of the communist state in 1949. "•V Since the scandal broke four years ago, Lai has become a poster boy for the Chinese leadership's an-ti-corruption efforts. Exhibitions and television shows have detailed his alleged crimes
      AP  -  87 words
    • Article, Illustration
      63 14 [BEIJING]A Chinese worker attaches a net onto a scaffolding at the construction site for a new skyscraper in Beijing's business district. China's interest rate hike is set to hurt first-time home buyers rather than deflate a speculative bubble on high-end apartments. Property prices have tripled in five
      REUTERS  -  63 words
    • 495 14 Move will help slow inflation and cool economic growth Bloomberg [HONG KONG] China may relax the yuan's decade-old peg to the dollar by April 1 as the government attempts to slow inflation and cool economic growth, analysts at Bank of America Corp and
      Bloomberg  -  495 words
    • 274 14 Reuters [BEIJING] Insurance premiums in China rose 13.7 per cent in the first 10 months of 2004 from a year earlier, the official Economic Information Daily said yesterday, a further sign of revival after a recent slowdown. The growth was faster than the year-on-year 12.5
      Reuters  -  274 words
    • 136 14 AP [SHANGHAI] Construction of a 101-storey skyscraper, billed as the world's largest future building, has resumed after a near sevenyear delay with the laying of the foundation, the Shanghai Daily said yesterday. Japan-based Mori Building Co on Tuesday signed deals with two local building contractors
      AP  -  136 words
  • Page 14 Advertisements
    • 16 14 Holiday Bestsellers! 1 g =s IR.M *tSs IfcAi S '*35£$ ia t i ■—-j -j liiiiiiiiiiiiiiiiviiiiijiiiiiiiiiiiiiwi'iiiifiiiiiriiiiiiifiiiiiiiiiiiiiiiiiiiill
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  • INDIA
    • 502 15 FAMILY FEUD He declares his resignation is not connected to the issue of ownership Bloomberg, AFP [MUMBAI] Mansingh L Bhakta said he resigned as director from Reliance Industries Ltd because of his "advancing age" and that his departure wasn't connected to the issue of
      Bloomberg,; AFP  -  502 words
    • 245 15 Bloomberg [MUMBAI] State Bank of India, the nation's largest lender, and other banks have agreed to increase wages by as much as 22 billion rupees (SsBo3 million) in a move that may crimp profit. The Indian Banks' Association, which represents management,
      Bloomberg  -  245 words
    • 156 15 AFP [NEW DELHI] South Korea's Samsung Electronics said on Tue: lay it will double the numbe of software professionals i its centre in Bangalore t 1,400 over the next thre years. K S Kim, president c Samsung South West Asia, said the number of employees
      AFP  -  156 words
    • 170 15 Bloomberg [NEW DELHI] McDowell Co, India's largest liquor company, is likely to gain control of Herbertsons Ltd, allowing Vijay Mallya's UB Group to proceed with a plan to consolidate its liquor businesses. "We are close to a settlement," AK Ravi Nedungadi, chief
      Bloomberg  -  170 words
  • Page 15 Advertisements
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  • ASIA-PACIFIC/WORLD
    • 451 16 First quarterly decline in almost two years points to slowdown in sector Reuters, Bloomberg [TOKYO] The utilisation rate of the world's chip factories fell in July-Septem-ber from the previous quarter, the first decline in almost two years and the latest evidence of
      Reuters,; Bloomberg  -  451 words
    • 495 16 Studies show parties stand to gain A$48b a year Reuters [CANBERRA] A free trade agreement being pursued between Australia, New Zealand and Southeast Asia would boost regional trade but could also help Australia cement its sometimes uncertain friendships in Asia, analysts say.
      Reuters  -  495 words
    • 145 16 AFP [SEOUL] South Korea will begin negotiating a free trade agreement (FTA) with the Association of Southeast Asian Nations (Asean) next year, Foreign Minister Ban Ki Moon said yesterday. Seoul will make an official announcement when President Roh Moo Hyun attends a
      AFP  -  145 words
    • 554 16 Hollywood's big-time financier tells how he picks winners Bloomberg HOLLYWOOD'S biggest banker never reads a .script. John Miller, head of JPMorgan Securities Inc's entertainment group in Los Angeles, says he often doesn't even know the names of the films he's financing. And he's responsible
      Bloomberg; BLOOMBERG  -  554 words
    • 426 16 Bloomberg [SAN FRANCISCO] Intel Corp* the world's biggest semiconductor maker, said it's helping Chinese and Indian customers build personal computers that use the Linux operating system, an alternative to Microsoft Corp's Windows software. Intel is providing customers with software drivers, documentation
      Bloomberg  -  426 words
  • Page 16 Advertisements
    • 449 16 |^JT^^e*tiw^^U-free^80^8^M2^^Mll^oticw®sghx^s^ IN THE MATTER OF THE COMPANIES ACT, CAP. 50 Section 290(2)(b) AND IN THE MATTER OF ASSOCIATED UCKJOR DISTRIBUTORS (SINGAPORE) PTE LIMITED (In Members' Voluntary Liquidation) NOTICE OF RESOLUTIONS At on Extraordinary General Meeting of the Company held at 8 Cross Street #17-00 PWC Building Singapore *****4 on the
      449 words
    • 419 16 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND KEMP PACIFIC PTE LTD (In Members' Voluntary Winding Up) (Reg. No. *****1544K] At an Extraordinary General Meeting of the Company held at Block 370H Alexander Road, #09-01, Singapore *****1 on the 18th day of November 2004, the following Special and
      419 words
    • 370 16 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF NETKRAFT SOLUTIONS PTE LTD (Company Registration No: *****6872 D) (Members' Voluntary Liquidation) At an Extraordinary General Meeting of the abovenamed Company duly convened and held at 23 Peck Seah Street #02-112 Singapore *****3, on 22 November
      370 words
    • 129 16 FORM 69(3) NOTICE OF INTENDED DIVIDEND TO UNSECURED CREDITORS Name of Company WHK Invastmaiil Pla lid (In Liquidation) Address of Registered Office c/o Special Manoger's Office Number of Matter Companies Winding Up No. 55 of 2004 Last day for receiving Proofs :24 December 2004 Name of liquidator The Official Receiver
      129 words
    • 272 16 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF CASURINA INVESTMENTS PTE LTD (Co Rag No: *****4154N) (In Members' Voluntary liquidation) NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Cap 50 that a final meeting of the members of the above
      272 words

  • WORLD
    • 593 17 Wall St firms under probe over expensive gifts to win business NYT [NEW YORK] Regulators are apparently not basking in the spirit of holiday giving, at least where Wall Street is concerned. NASD, which is the regulatory arm of the Nasdaq stock market, and the
      NYT  -  593 words
    • 298 17 Bloomberg [NEW YORK] Women hold more top jobs on Wall Street than ever before, even though their overall numbers dropped in the three-year bear market from 2000 to 2002, according to the Securities Industry Association (SIA). Some 19 per cent of managing directors in
      Bloomberg  -  298 words
    • 163 17 Bloomberg [NEW YORK] Google Inc, owner of the world's most-used Internet search engine, jumped in extended trading after Goldman, Sachs Co rated the company "outperform" and said the stock may climb 28 per cent over the next year. Shares of the Mountain View, California-based
      Bloomberg  -  163 words
    • WORLD WATCH
      • 105 17 AP [TOKYO] UFJ, one of Japan's "Big Four" banking groups, said yesterday it suffered a net loss 0f674.3 billion yen (Sslo.B billion) in the first six months of the fiscal year as it struggled to rid itself of mounting bad debts. UFJ said it
        AP  -  105 words
      • 74 17 Reuters [LONDON] Britain's Intercontinental Hotels Group pic hopes to announce the sale of 20 hotels in North America for up to £505 million (Ssl.6 billion), the Times newspaper reported yesterday. The Times said the announcement of a sale in two tranches could come before the end of
        Reuters  -  74 words
      • 68 17 Bloomberg [JAKARTA] PT Bank Mandiri, Indonesia's biggest lender by assets, said profit rose 19 per cent in the nine months to Sept 30 as lower interest rates encouraged companies and consumers to borrow more and the cost of funds fell. Profit rose to 4.48 trillion
        Bloomberg  -  68 words
      • 72 17 Bloomberg [JAKARTA] PT Bank Rakyat Indonesia, the nation's fourth-largest lender, said profit rose 48 per cent in the nine months ended Sept 30 on rising demand for credit in an economy growing at its fastest pace in four years. Profit rose to 2.7 trillion
        Bloomberg  -  72 words
      • 89 17 AFP [HONG KONG] Hong Kong's business community is becoming more upbeat about the local economy over the next two years although it is increasingly dissatisfied with the environment, a survey said yesterday. The study by the Hong Kong General Chamber of Commerce (HKGCC) found over
        AFP  -  89 words
      • 63 17 AFP [LONDON] Easy Group, the holding company of no-frills British airline easy Jet, is close to striking a deal to launch a low-cost mobile telephone service in Britain, the Financial Times reported yesterday. Easy Group founder Stelios Haji-loannou is keen to launch a mobile service in
        AFP  -  63 words
      • 60 17 Reuters [NEW YORK] Cingular Wireless will cut 7,ooojobs, or 10 per cent of its workforce, to cut costs as it integrates recently purchased AT&T Wireless, the company said on Tuesday. Cingular, owned by SBC Communications Inc and Bell South Corp, said the cuts would
        Reuters  -  60 words
    • Article, Illustration
      43 17 [LONDON] Britain's Queen Elizabeth II making her speech in the chamber of the House of Lords, during the state opening of Parliament on Tuesday. The Queen's speech is an outline of the government's legislative plans for the forthcoming parliamentary year. AP
      AP  -  43 words
    • 345 17 Agreement covers insurance sales to two companies LAT-WP [WASHINGTON] American International Group Inc (AIG) has reached tentative agreements with the Justice Department and the Securities and Exchange Commission (SEC) to settle investigations into its sale of "income smoothing" insurance to two companies that may
      LAT-WP  -  345 words

  • AVIATION
    • 478 18 Air France-KLM Q2 profit surges 41 Benefits of the carriers' merger turn out better than expected Bloomberg AFP. [PARIS] Air France-KLM reported yesterday solid profit gains in line with analysts' forecasts for its first results incorporating fully the performance of Dutch airline KLM which it now controls. The airline, born
      Bloomberg; AFP.  -  478 words
    • 158 18 AP [BEIJING] The flight recorders of an airliner that exploded and crashed into a lake in northern China, killing 55 people, were found yesterday after a three-day search by police and divers, the government said. The flight data and cockpit voice recorders
      AP  -  158 words
    • 306 18 Reuters [WASHINGTON] US state and local air pollution control officials said they are pulling out of five-year-old talks to develop a voluntary programme for reducing pollution from aircraft engines. A pollution-fighting deal with the aviation sector which is expected to
      Reuters  -  306 words
    • 269 18 Bloomberg [HONG KONG] Cathay Pacific Airways and Hong Kong Dragon Airlines, the city's two biggest passenger carriers, will increase surcharges on tickets for the second time in three months to cover higher fuel costs. Cathay Pacific on Dec 1 will raise the
      Bloomberg  -  269 words
    • 234 18 Reuters [NEW YORK] United Airlines, which is trying to save US$725 million a year, has offered its pilots two ways to cut their salaries, the New York Times reported on Tuesday. The No 2 US airline, which has been operating under Chapter
      Reuters  -  234 words
    • 583 18 Reuters [WASHINGTON], Struggling American airlines will stuff their planes with passengers this week to start the holiday travel season, but there is no expectation they will salvage much to ease the sting of big losses this year, US airlines
      Reuters; BLOOMBERG FILE PHOTO  -  583 words
    • 385 18 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

  • SHIPPING
    • 419 19  -  Steps to improve navigational safety in Great Barrier Reef, Torres Strait By EVELYN DUFFY in Perth AN upgraded ship reporting system for travelling through Australia's Great Barrier Reef and Torres Strait comes into effect on Dec 1. The system, known as Reefrep, will become
      FILE PHOTO  -  419 words
    • 405 19  -  By DONALD URQUHART [SINGAPORE] PSA International yesterday denied an Indian newspaper report that it had made a financial bid for a stake in Royal Dutch Shell's proposed multi-cargo project at Hazira Port in India. PSA International issued a statement yesterday
      405 words
    • 435 19 Reuters [SEOUL] Panamax dry bulk rates this week are up more than 20 per cent from a year ago, backed by strong Asian demand to ship iron ore and grains. Demand for charters of panamax ships is also being driven up by
      Reuters  -  435 words
    • 272 19 Xinhua [BEIJING] China Ocean Shipping (Group) Company (Cosco), China's largest shipping company, has entered into a strategic partnership with Huaneng Power Group, the top Chinese electricity producer, to become the latter's long-term carrier. The move comes as Chinese companies are seeking to secure
      Xinhua  -  272 words
    • 616 19 Reuters (GDANSK, Poland] Once the scene of the Solidarity strikes which broke the back of communism, a new investment seeks to turn Poland's historic Gdansk shipyard into Eastern Europe's answer to the London docklands. Venture capital funds backed tyy the US
      Reuters; REUTERS FILE PHOTO  -  616 words
    • 199 19 Bloomberg [SEATTLE] The Port of Seattle expects to handle a record 1.72 million containers this year, up 16 per cent from 2003, because of increased US purchases of goods from China. The number of 20-foot containers will rise from 1.486 million
      Bloomberg  -  199 words
    • 292 19 S6X '000 No»24 SS W- Vol CHOffshore .039 unch 528 ChuanHup .0.65 unch 1457 Cosco Corporation 1.19 -0.01 7317 CWT Distnbution 0.55 unch 0 EzraHidgs 1.13 0.05 287 Freight Links .0.10 unch 205 Grand Banks Yacht 0.90 0.01 56 Jaya Holdings 1.03 unch 1303 K1 Venture 0-25 -0.01
      292 words

  • EDITORIAL & OPINION
    • 517 20 EDITORIAL THERE have, thankfully, been no economic consequences for Thailand over recent events in the deep south that left scores dead. The administration of Prime Minister Thaksin Shinawatra has devoted considerable efforts to find solutions to a historical problem that has now been brought to the international
      517 words
    • 721 20  -  THE BOTTOM LINE SHADA ISLAM Brussels Correspondent IT has been a tough three weeks for Jose Manuel Barrc.so. But the 48-year-old former Portuguese premier was finally voted in as the new European Commission president by the bloc's Parliament on Nov 18
      721 words
    • 990 20  -  Investors are cashing in by buying more than US$450b of bad bank loans at a fraction of their cost WILLIAM PESEK JR IT DIDN'T make banner headlines, yet Citigroup Inc's investment in a Hong Kong-listed real estate outfit portends one of the big stories of
      AFP  -  990 words
    • 1065 21  -  Spurred by the dollar's fall, foreign investors were net sellers of US$5.9b of US stocks in Aug and Sept and the outflow is likely to continue By JONATHAN FUERBRINGER NYT ARE foreign investors souring on Wall Street? The data says yes. In September and
      NYT; AFP  -  1,065 words
    • 686 21  -  By DANIEL ALTMAN IHT f f INGLE, mostly Muslim country with 69 million people, fairly attractive private sector, slight inflation problem, seeks closer relations with neighbours (free-trade agreements, foreign direct investment, maybe more?), multiple partners OK." So might read a personal ad for
      IHT  -  686 words
    • 1274 21 STRAITS TIMES INDEX STOCKS Stock name Wt Ck»« Change Stock name Wt Qom Change Allgreen 50c 0.29 1.060 +0.030 NOL 2.10 2.970 -0.030 BIL Intl US20c 0.44 0.955 OCBC 9.98 13.400 -0.100 CapftaLand 1.42 2.150 +0.070 Parkway H 25c 0.66 1.430 -0.020 Chart SemiCond 26c 0.81 1.070 -0.020 People's Food
      1,274 words

  • Page 21 Miscellaneous
    • 222 21 CRYPTIC CROSSWORD 12 Artist in outlying Middle Easternjount^(4)^ umn? (4) 24 Situation report (5) |^g-_|B^___^^__—p^_— —I 30 Revealing story of Swiss resis--31 My wish is for something fan- 11 Turns up a real oddity it's YESTERDAY'S SOLUTION cy (6) uncanny (12) Across: 1 Chat 3 Top, 5 Hamper, nfimm 5
      222 words

  • 2357 22 SGX XTRANET -.P.** 5L, Vol Day Last Quote GrDtv Div GrYM Net MCap HI# Low Coda Compaq Salt CBOO) Hi# low *»yf Safcf Cut f/t tmS 6065 Diamonds US2060 212 0 6095 IS OJ US Ted* US3740 6097 ISMSOSpore USSSScd 6101 ISS&P500 US8270 ********** 6170 SPDRS US***** 2084
    2,357 words
  • Page 22 Advertisements
    • 57 22 WjMfo Le maitre de I'horlogerie depuis 1875 uj Mm m. /<^omi Jm Regional Agent, Showroom Service Centre: AUDEMARS PIGUET (SINGAPORE) PRIVATE LIMITEO. THF HHI IP Tl ACC V 501 Orchard Road #03-10/11 Wheelock Place Singapore *****0. Tel: 6238 6678 Fax: 6238 6676. I lit IVAiKvjL/wJ internet: http://www.audemarspiguet.com Scotts S.C. Tel:
      57 words

  • 2907 23 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local an Si UVJ %<if \y* *tfy Nov 23 lnd>« Chang* Chang* Ox™)* C.N»->i)« Q-ungc r.lxngr World Index Preliminary 824 8 02 59 -03 4 5 -0.1 80 t EAFE Preliminary 748.3 OJ 6.7 01 75 0-4 11 2 Europe Preliminary *****
    2,907 words

  • Page 24 Advertisements
    • 1560 24 I IMPORT I NORTHAMERjCA AUSTRALIA/NEW ZEALAND I SUPER SHUTTLE EXPRESS (SSX) [AUSTRALIA ASIA EXPRESS (AAX) VISStL *21 i®! 5!!! VESSEL VOY rni SYD MEL AH fri KG PtO NEDUOYD HOUTMAN 26W44 09/11 *26/11 OMH OMIT ,5/11 17/11 19/11 13/11 "^iT PtO NEDUOYD KOBE 43W4S 14/11 02/12 OMIT API MEXICO 29N
      1,560 words
    • 818 24 IINTIHAStA KORO HRVICE VBSa/VOY MOfffT) hbghtw pro not LO I SJN I JKT j STtAITS VENTURE /H 15 3? 15/11 27/11 02/12 05/12 07/12 STMITS VENTURE/I 7 15 3.2 09/12 12/12 16/12 19/12 21/12 [STRAITS VENTURE/!» 15 3.2 23/12 26/12 30/12 02/01 04/01 [WIST ASIA/11NOAI tOKO »V» VKSa/YOT I RAMfffT)
      818 words

  • Page 25 Advertisements
    • 628 25 Aifwrico, tuny, Japan, Asw, Africa &Oe—ho.— For Schedules, BL Searches, and Container Tjrocking^isitj?nj?ur^^ ww.hainbuTgsud.com HAMBURC^jgt'JD ■wis«VKHtxro«T) »*H inurn. ass K a a KHfc wrmnmrm HI n »S» ft»m<» 0»M/Mw*f Ni W Awdw f* ■m»savKi(Bgo«n (*5) tm-aw Vml/Vm. SMGAPOtt SlfflWA SANTOS UOGUNM ITAJAI PAIAItAGUA VntdPbmi SmQAf9«i UJAWA— SJjLSlnnj S7ii —m m
      628 words
    • 1147 25 IHHKIZISSBBSSCBSZSIVVPBBSQinZBBDBSZS^Hi m jqy —Si—PfiL J!QL J*6L JSQi—QB- |ga W T «G mrnrn—<bhl mi jzu_JZl2_^ I 1 GOLDEN TRADE 4nN_ JZIL JflL ML gj} M KUOLUMG QQ2N 14/17 15/12 17/12 HEWDYMAMK 075 A _VH_ M/Ii Cdhg Mtt HW-Sman *VSI cafag bolti Noilti West port VESSEL TOYIPKG SIN HKGIsHA TAP HSK Sff
      1,147 words
    • 904 25 m WEEKLY EXPRESS SAIUNG SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICQ POINTS VKStI VOY SIN P-MAN6 COUMMO N. SHEVA COtOjMO_ tnUWIWIU YTWDS3 22 HOY 24 MOV 2ZHOY -AMtt KU& HIDHA GAWDHI OOMW 2* HOY 0) DEC 04 DEC 07 PEC JMM lAJIY GAMDHI OOStW MDK 08 PEC II
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  • Page 26 Advertisements
    • 727 26 IAUf WALLENIUS WILHELMSEN website: http://www.2wglobal.com Ivcsa Ivor |»amp iK mo how mm say »ai ore mtc hw got TARONGA AM23 3201 m 6.25* I 01/12 25/12 04/01 11/01 12/01 16/01 14/01 11/01 01/01 TAMISIS AF424 3201 MS 6.4 M I 17/12 08/01 17/01 24/01 25/01 03/01 21/01 01/02 21/01 |TAMPA
      727 words
    • 1230 26 -ffiifi SSI SB HSU Jffssa ffl aw JKT -SLWOI mr is/n 27/11 pac m 9275 25/11 21/11 -SU3O] ***** HZII 29/11 -EKIAU 1142 27/11 ~S/ii PAC MNP* 1350N 2|/i] 29/11 M 24 30/11 03/1? PAC lANDA 13S1A 30/11 jS7TT~ PAC MHTAM 927t 02/12 05/12 csf 2301 Sttg 2&Z11 01/12 OF
      1,230 words


  • BizIT
    • 628 28  -  In deal with Unisteel, it will supply cutting-edge tools to detect defects in semicon fasteners, CEO Charles Cher tells RAJU CHELLAM BT exclusive RAJU CHELLAM SESDAQ-LISTED Asti Holdings Ltd, which makes specialised semicon equipment, has tied up with mainboard-listed Unisteel Technology Ltd, to supply
      FILE PHOTO  -  628 words
    • 256 28  -  By ROLAND LIM TWO local projects have won grants under the Samsung Digit All Hope programme, which supports research that helps the disabled to lead full and independent lives. One winner was the "Brainy Communicator", which aims to enable people with severe physical disabilities
      256 words
    • 351 28  -  By ROLAND LIM HOMEGROWN software company E-Book Systems (EBS), creator of the popular Flip Album software, has formed a joint venture company with Softßank Media and Marketing Group (SBMM), a subsidiary of Japanese digital media giant Softßank, to push its electronic publishing technologies in
      351 words
    • 178 28 Reuters [SAN FRANCISCO] Online marketplace and auctioneer eßay Inc is using a decidedly low-tech retail tool to lure more Christmas shoppers: a glossy, 32-page catalogue. With the move, eßay joins Internet companies such as Amazon.com and Red Envelope in using catalogues to reach
      Reuters  -  178 words
    • 872 29  -  Smart card maker sees telecoms and financial sectors as main avenues of growth, reports AMIT ROY CHOUDHURY AMIT ROY CHOUDHURY LEADING smart card maker Gemplus is following the impending roll-out pf 3G networks by Singapore's three telcos with strong interest. The reason: it
      ARTHUR LEE  -  872 words
    • 232 29 RESEARCH agency Frost Sullivan, which closely tracks smart cards in AsiaPacific, expects 9 to 10 per cent yearly growth for the industry in this region. Factors driving this growth include telecom applications, particularly SIM cards; efforts to reduce fraud in the financial
      232 words
    • 481 29 IHT [BERLIN] Lars Gravesen, a Danish computer engineer, rarely got to see his wife Tina, a nurse who worked long hours making house calls to 20 patients a day in the suburbs of Copenhagen. So Mr Gravesen, a 36-year-old entrepreneur, devised a solution this
      IHT  -  481 words
  • Page 28 Advertisements
    • 282 28 The essentials of imaging KONICA MINOLTA J r IT' tiwfflffi' v pH[ ft^U ii i The freedom to do business without bounds. Four businesspeople. Four-locations. Onebizhub. With bizhub, they're all connected while also having the power to freely access the data they need, anytime from anywhere. Their documents can be
      282 words
    • 16 28 INTERVIEW Smart card maker Gemplus is hoping to ride on the migration to 3G phones. PG29
      16 words

  • Page 29 Advertisements
    • 222 29 NOKIA V; y< v The megapixel Nokia 6670 imaging phone. 9B& \j' Welcome to the perfect work tool. Now you can view Microsoft* Office* applications with ease while on the move. With dual language capability and dictionary, communicating in English and Chinese is a breeze! It's official, the new multifunction
      222 words

  • PROPERTY
    • 259 30  -  He is second person to leave MCL after ex-MD Lim Ee Seng By KALPANA RASHIWALA VITO Koh, MCL Land's general manager (business development and marketing) is leaving the property company for United Industrial Corporation, sources told BT yesterday. Mr Koh is expected to
      259 words
    • 558 30  -  Vacant sites, carparks being considered for development By ANDREA TAN SHOPAHOLICS can look forward to even more places to spend their money along Orchard Road in a few years. Several vacant sites and carparks along the famous shopping strip are being considered
      FILE PHOTO  -  558 words
    • 507 30 Bloomberg [HONG KONG] American International Group (AIG) and eight other investors will buy HK54.45 billion (Ss94l million) of the shares in an initial public offer of the Hong Kong government's first real estate investment trust next month. AIG, AMP Ltd and the
      Bloomberg  -  507 words
    • 335 31  -  They can be built to an apartment project with 50 units of 1,200 sq ft By KALPANA RASHIWALA Court and an adjoining site have been sold ffiir about $26 million or £}00 per square foot of potential gross floor area, Jiurces told BT.
      FILE PHOTO  -  335 words
    • 296 31  -  By ANDREA TAN TWO freehold sites at Upper Paya Lebar and the Rangoon area have been put up for collective sales. They are How Sun Park in Paya Lebar and Northern Mansions at Mergui Road. "How Sun Park is expected to fetch
      296 words
  • Page 30 Advertisements
    • 1301 30 A THE MITSUBISHI TRUST MT PC~i AND BANKING CORPORATION Mitsubishi Tokyo Financial Group (INCORPORATED IN JAPAN WITH LIMITED LIABILITY) Consolidated Balance Sheets Consolidated Statements of Operations As of March 31, 2004 and 2003 Years Ended March 31,2004 and 2003 March 31 March 31 March 31 March 31 2004 2003 2004
      1,301 words

  • Page 31 Advertisements
    • 24 31 fflßl FREEHOLD Bungalow B*. from SGD 259,000* only 9 I IS i Another successful collaboration between: B* -<^> proljnk m rm M ft>A IN< w^iwomm....
      24 words
    • 142 31 PjopJJ®* Collective Sales NORTHERN MANSIONS HOW SUN PARK at Mergui Road at How Sun Road m ~J PAY A LEBAR Freehold mo». Freehold Site Area: 15,063 sq. ft ■jiiw—• Site Area: 54,943 sq. ft nHs. Plot Ratio: 2.8 \<j: ■■"■i Plot Ratio: 1.4 Height Limit: 104 m AMSL #Upto 5
      142 words

  • PROPERTY WATCH
  • Page 32 Advertisements
    • 122 32 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
      122 words
    • 42 32 HSB C<Z> The world's local bank This is a monthly series brought to you by HSBC. To find out more about HSBC home loans or for a special preview of The Berth this weekend, contactuson 1800 HSBC NOW (1800 4722 669i v
      42 words