The Business Times, 29 November 2004

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Total Pages: 30
1 30 The Business Times
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  • Title Section
    Lock icon Masthead
    15 1 THE BUSINESS TIMES CIMCAPORF JK rente MICA (P) 023/03/2004 Monday November 29,2004 online at http://business-times.asialxom.sg
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  • Article, Illustration
    Lock icon S'pore in the running for 2 big petrochem plants
    599 1  -  Shell to decide on next step by year-end; ExxonMobil in talks on possible 2nd plant By RONNIE LIM [SINGAPORE] Singapore may yet secure two new petrochemical crackers worth at least US$l billion each, not counting multimillion dollar investments in downstream chemical
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  • Article
    Lock icon Indon firms court fund managers
    525 1  -  With the election over and stocks buoyant many are recapitalising By SHOEB KAGDA in Jakarta WITH the country's stock market touching new highs and investor sentiment turning bullish, Indonesian corporations are once again courting regional fund managers including Singapore's. Over the last few months, a
    525 words
  • Article
    Lock icon MARKETS DIGEST
    105 1 MARKETS W««k Chg« STI 2028.43 -9.78 KLSECOMP 908.78 +11.75 NIKKEI 225 *****.75 -249.09 HANG SENG *****.03 ....+107.35 SET INDEX 648.75 -2.67 JAKARTA COMP 965.22 MANILA COMP ....1814.10 +18.51 TAIPEI TAIEX 5983.78 -42.77 SEOUL COMP 858.12 -8.91 SHENZHEN B 240.94 -0.49 AUSTALLORD 3922.90 +35.60 DOW JONES *****.23 +65.32 NASDAQ
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  • Article
    Lock icon CONTENTS
    41 1 TOP STORIES ...PG 2,3 COMPANIES... PG 4.-6 MARKETS PG 10 SINGAPORE PG 11 DINING OUT PG 12 ECONOMY PG 13 M'SIA/INDON.. PGIS CHINA/INDIA ...PG 16 WORLD PG 18 AVIATION PG 19 SHIPPING PG 20 STOCKS PG 26-27 BIZIT PG 28-30
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  • Page 1 Advertisements
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  • TOP STORIES
    • Article, Illustration
      Lock icon Reading region's economic tea leaves for 2005
      2002 2  -  World Bank's chief economist for East Asia and the Pacific, Homi Kharas, talks to VIKRAM KHANNA about the prospects for China, regional exchange rates, and Singapore VIKRAM KHANNA Q. On the issue of the economic slowdown in China, which everyone says is necessary,
      FILE PHOTO  -  2,002 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      225 2 Wall St to zoom in on oil prices, economic data According to Wall Street analysts, jobs numbers, together with oil price movements, will be the key factors driving stock prices this week. TOP STORIES, PG 3 Macquarie Bank launches 6 warrants A FLOOD of new warrants and a
      225 words
    • Article
      Lock icon Dollar: investors not hitting panic button yet
      880 3  -  WALL STREET INSIGHT Greenback is a concern, but main worries now are oil price, jobs growth By ANDREW MARKS in New York THE next major update on the US jobs front and the direction of oil prices as winter fast approaches are shaping
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  • Page 2 Advertisements
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      107 2 .^^g^JB^BI^KB^^^BBBBBHRiSBaP** I v<fcw Visit our Showrooms: kembangan showroom tuas showroom 5 Jaian Masjid, *01-09 Kembangan court s Tuas Avenue 8 Singapore *****7 Singapore *****4 Tel: (65) 6861 3444 Fax- (65) 6861 1248 ►p7 71(rfS)l H., Tel: (65) *****333 Fax: (65) 6226 3641 Opening Hours isnllfc£2l WW Opening Hours (OaHy) Monday
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      146 2 we bring you these good tidings... HP'. STOREWIDE SALE *M H||{ of up to 40% from 29 NOV to 12 DECI w 'th every $500 purchase, you are entitled to a R Crystal Decanter at $10 (usual $98)! J|j| RHwipU With every $200 purchase, receive a *i3H ■HK|: free Nutty
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      57 2 Incorporation services in all major jurisdictions Global network of offices Ready-made companies available Management and administration services China business registration Accounting and trade support services Virtual office solutions Personal and corporate bank introductions TO ARRANGE A FREE CONSULTATION CONTACT: Simonne Toh T:+6s 6535 3382 F:+6s 6535 3991 E: singapore@ocra.com.sg 24
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Mixed showing for BT portfolios
      1089 4  -  TEH HOOI LING Senior Correspondent The performance of the Singapore market was mixed last week, with an apparent surge in interest in mid-week tapering off as the week drew to a close. The Straits Times Index lost 9.8 points or 0.5 per cent for the
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  • Page 4 Advertisements
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Investors adrift in a changing world
      707 5  -  Structural change over the years threatens investment assumptions: economist By TEH HOOI LING INVESTORS today can no longer make money from known long-run trends, ÜBS global economist Paul Donovan said. "As a result of last 15 years' worth of structural change, a lot of
      CHRIS LOH  -  707 words
    • Article
      Lock icon Get tough with sloppy IPO managers
      736 5  -  HOCK LOCK SIEW By WONG WEI KONG SHOULD the Singapore Exchange (SGX) come down harder on IPO managers who bring duds to the market? A week or so ago, responding to the outcry over newly-listed companies issuing profit warnings, SGX CEO Hsieh Fu Hua
      736 words
    • Article, Illustration
      Lock icon Laggard stocks get a leg up from directors
      898 6  -  INSIDE MARKETS But not all directors bought shares due to the weakness of their groups' shares, says ROBERT HALILI ROBERT HALILI Directors and substan-. tial shareholders remained bullish on the market last week with buyers racking up 46 acquisitions worth $7.06 million
      FILE PHOTO  -  898 words
    • Article, Illustration
      Lock icon Liquidity flows for warrants market
      369 6  -  By JOYCE KOH A CHANGE in regulatory rules boosting the liquidity of the warrants market and stoking the interest of local investors has attracted a flood of new warrants and a new player on the scene. On Friday, Macquarie Bank Group launched its warrants business
      369 words
  • Page 5 Advertisements
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  • Page 6 Advertisements
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      Lock icon Page 6 Advertisements Column 1
      228 6 Luxury hotels and prime properties Prime Commercial Complex for sale in Malaysia I 77,804 sq. ft. commercial complex Penang Plaza Investors, developers and entrepreneurs will find this (adjoining Sheraton Penang), Penang Island choice selection of prime properties a rare opportunity Indicative sale price: RM 30 million offering great returns on
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      5 6 Swiss Private Banking since 1841
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  • VIEWS FROM THE TOP
    • Article, Illustration
      Lock icon MODEL CORPORATE CITIZENS
      3491 7 THIS WEEK'S TOPIC Do companies have a social responsibility? And is it good for business? Corporate social responsibility is not only a universally accepted ideal, it also makes good business sense. That is the view taken by most of the BT CEO Club members writing in this
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  • Page 7 Advertisements
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      70 7 BT CEOs e-dub Members of the BT CEOs e-Club are Singapore's top corporate leaders whom BT editors would like to interact with in an atmosphere of informality and trust This 'dub' is a virtual one; with interaction mainly via e-mail. Each week, we will invite comments from these top executives
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  • Page 9 Advertisements
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      239 9 NOKIA Connecting People m ngfl 9^9 I I I BSin B 1 S9 IMifl 1 I WWlftn pi K^vn? v I I l^^H PC En 1 E i Open up the possibilities. You work a step ahead of the rest. Keeping pace with you is the Nokia 9500 Communicator. More
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      21 9 HAVE YOUR SAY What do you think of the opinions expressed in these pages? Share your views by writing to btJetterdspfuonLsg
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon It's become harder to invest profitably
      718 10  -  STOCKS TEH HOOI LING Senior Correspondent WHETHER the Americans, the consumers of the world, will continue to spend will be known soon, now that the holiday shopping season is in full swing. US retailers will issue their monthly sales figures on Thursday while auto
      AFP  -  718 words
    • Article
      Lock icon WEEK AHEAD
      85 10 Investor events to watch out for New listing of China Fashion Dec 1 Vicplas Int'l, AGM, Nov 29 Intraco Ltd, EGM, Nov29 Fung Choi Printing, AGM, Nov 30 Xpress, AGM, Nov 30 Beyonics, AGM, Nov 30 Raffles Las, EGM, Nov 30 Aussino Grp's dividend payment, Nov 29 Jackspeed
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    • Article, Illustration
      Lock icon BROKERS' RECOMMENDATIONS
      435 10 Compiled by Thomson Financial I/B/E/S OTHER SINGAPORE INDICES Nov 26 VALUE CLOSE BT OB/OS -136.00 -113.00 BT CADI -*****.00 -96.00 BT 10-day MA -*****.00 -14.00 All-SG Equities 519.88 -2.27 SG Equities Elect 157.24 -2.23 SG Equities Fin 1591.54 -6.83 SG Equities Prop 515.34 -5.07 SIMSCI 240.77 -1.00 SiMSCI
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    • Article
      Lock icon Asian currencies rise sharply against US$
      357 10 CURRENCIES AFP [HONG KONC.I Asimi .111 rencies roso shnrplv against the dollar in Thanksgiving w»'«»k hmirl concern I JS nu ronf nr count and ItndgH drfirits and speculation thai China would cut its holdings of I IS government bonds Japanese yen: The ymi soared
      AFP  -  357 words
    • Article
      Lock icon DIVIDENDS ANNOUNCED
      575 10 Payment ti Bo«ki Pay Payaiant t» koti Plj ism. tct»i do» dgti AcbonAMtfe I 05TT 05 Oec 07 [Hi 200* MFS Tech 10c F- 055TI 17-Maf 72Ha Ultai APBOfewe-.n F UN 31 lan (B-f*, lfrF* Mf5 Tech 10c S "TO 17 M* 71Ma 31 Ma. AuiswoGfp25c F 07H
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  • SINGAPORE NEWS
    • Article
      Lock icon Workers deserve more bonus: Boon Heng
      257 11 THE public sector's bid to get a bigger year-end bonus was yesterday boosted by labour chief Lim Boon Heng, who gave his support to the workers' cause. Mr Lim, the NTUC secre-tary-general, said the bid was a reasonable one since Singapore's economy had performed
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    • Article
      Lock icon EVENTS LISTING
      310 11 DATE/ TIME EVENT VENUE 29 Nov Seminar on Idealism vis-a- ISEAS Seminar Room I, 10:00am vis Pragmatism: The Practi- 30 Heng Mui Keng cal Aspect of Islamic Bank- Terrace, Pasir Panjang ing 29 Nov Seminar on War in Iraq: ISEAS Seminar Room II, 2:00pm What Does the US
      310 words
    • Article, Illustration
      Lock icon PM Lee meets Chinese premier
      443 11  -  10th ASEAN SUMMIT They exchange views on how to expand trade and cooperation By CHUANG PECK MING in Vientiane PRIME Minister Lee Hsien Loong and his Chinese counterpart Wen Jiabao met last night in an atmosphere described as "warm", as they exchanged views on how
      REUTERS  -  443 words
    • Article
      Lock icon Workshop marks growing S'pore-Brunei healthcare ties
      126 11 SINGAPORE'S Parkway Group Healthcare yesterday played host to Brunei's Ripas Hospital's first offshore workshop a move that underscored the growing ties between the two countries in the area of health. Ripas Hospital is the only tertiary hospital in Brunei under the Brunei Ministry of
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  • Page 11 Advertisements
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      32 11 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. 8 3
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      42 11 Tiffany&Co. IX994 Y ,0i OUDAT A Gift For Business Please call 6735 1848 for our new holiday business gift catalogue. Inside are classic gift ideas for your clients and colleagues. TIFFANY&CO. SINGAPORE RAFH.ES HOTEL ARCADE NGEE ANN CITY BUSINESS SAI.ES 67}5 IB4K
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      321 11 UggH| A,.. h this document has been obtained from sources which Citigroup Asset Management (CAM) believes to be reliable, CAM does not gutrtm^!» accurary and such information may be incomplete or condensed. All opinions and estimates in this document constitute CAM s ,udgement November 2004 and are sub)ect to change
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  • DINING OUT
    • Article, Illustration
      Lock icon Homey, earthy and Hokkien
      902 12  -  WILLIAM WHEY tries out some restaurants serving the traditional favourites of the biggest Chinese dialect group in S'pore WILLIAM WHEY GIVEN that the vast majority of Singaporean Chinese are Hokkien, you would imagine there would be more restaurants serving this hefty, eat-enough-to-work-in-the-fields kind of cooking. Hokkien
      PHOTOS BY WILLIAM WHEY  -  902 words
  • Page 12 Advertisements
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      59 12 WR- Hm Kgg Oxford Holei -218 Queen Street Stngopore *****9 Where to wine, dine and entertain... Poolside, level 4, above Tanglin Mall. Reservations recommended, lab 6831 4373. J Wine Culture (Tel: 6462 1129) I enjoy special Christmas privileges at Wine Culture with my Diners Club Card SSc5 $56 nett .j*
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      68 12 Le French 'Restaurant Free lunch Buy one appetizer 2 beverages, get second appetizer of equal or lesser value free. Not valid with any other offer. Your Choice of appetizers here are Goose Liver $16.50 Oyster Meuniere $14 Escargot $10 Soft Shell Crab $9 4 Course Meals $18.80 Raffles Country Club
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      67 12 ~1 THE NEPTUNE T COL L Y E R. Q_U A Y HHDIAN XIN ATTHE NEPTUNE MKMEnjoy excellent lunch and dian xin H served on trolleys. L unc h 1:30 am-2:30 pm (Mondays Saturdays) 10:30 am 2:30 pm (Sundays Public Holidays) Reservations: 6224 3203 s y/;, ifiSncphiM Collyer Quay Managed
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Euro's surge unwelcome: ECB chief
      293 13 US Treasury's commitment to a strong dollar is important he says Reuters [RIO DE JANEIRO] The recent surge in the euro currency is unwelcome and the US Treasury s commitment to a strong US dollar is important, European Central Bank president Jean-Claude Trichet said on
      Reuters; REUTERS  -  293 words
    • Article, Illustration
      Lock icon Central banks rethink US$ reserves
      614 13 Greenback's status as premier reserve currency growing more precarious IHT [LONDON] The falling dollar plumbed new depths against the euro on Friday, after a weeklong erosion of value prompted by concern that the dollar's status as the premier international reserve currency is growing more precarious.
      IHT; AFP  -  614 words
    • Article, Illustration
      Lock icon KL on track for 6% growth: minister
      508 13 Bloomberg [KUALA LUMPUR] Malaysia will achieve its forecast of 6 per cent economic growth next year as higher oil prices help the petroleum exporter weather an expected slowdown in global electronics demand, Industry and Trade Minister Rafidah Aziz said. Malaysia and Indonesia are
      Bloomberg; FILE PHOTO  -  508 words
    • Article
      Lock icon Not much impact on inflation from US$: Fed official
      385 13 Bloomberg [LONDON] The decline of the US dollar and the increase in oil prices haven't caused a "significant change" in the US inflation outlook, St Louis Federal Reserve Bank president William Poole said. While increasing crude prices and the depreciation of
      Bloomberg  -  385 words
    • Article
      Lock icon Another take on the dollar's slide
      324 13 NYT [NEW YORK] How bad has the dollar's decline been? The shorthand these days is to say that the dollar has fallen 37 per cent against the euro since the dollar's peak against that currency in July 2001. But another way to calculate the
      NYT  -  324 words
  • Page 13 Advertisements
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      30 13 76 Bras Basah Road Singapore *****8 Tel: (65) 6338 8333 Fax: (65) 6339 6866 Email: roomreservations@carlton.com.sg www.carlton.com.sgwww.carlton-hotel.net A MEMBER OF CARLTON GROUP OF HOTELS AUCKLAND BRISBANE MELBOURNE PARRAMATTA SINGAPORE SYDNEY
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  • Page 13 Miscellaneous
    • Miscellaneous
      Lock icon Page 13 Miscellaneous Column 1
      325 13 CRYPTIC CROSSWORD 6 Pacing restlessly around the ACROSS morning of battle (8) 1 Theatre audience chase corn- Mos at home nothplimentary dnnks here (4,5) for a dub |jkc h|S 6 Money talks it s a secret 9 A°the moment everyone fol- 8 boxlrx > jt s re lows the king
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  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • Article, Illustration
      Lock icon How to spend it – and save it
      758 14 How to spend it and save it IN our second piece on personal finance, we look at Jv some of the fundamentals of financial planning, and focus 9 on the importance of a preparing a personal budget why you should have one, how you can go about drawing up one,
      758 words
    • Article, Illustration
      Lock icon Shed your indifference
      876 14  -  Last week, we featured the second of our three winners of the BT-Citibank Young Investors' Forum commentary competition. This week, we feature the final winning commentary from ABDULLAH LUQMAN BIN HUSSIN who is studying at the National University of Singapore ABDULLAH LUQMAN BIN HUSSIN I BELIEVE that
      FILE PHOTO  -  876 words
  • Page 14 Advertisements
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      251 14 Be smart with your finances FANCY becoming the next Warren Buffett or George Soros? Or even the famous Robert Kiyosaki? Then read on. The Young Investors' Forum, part of the BT-Citibank Tertiary Outreach Programme, isn't another dry page out of your financial textbook. To complement our editorial content, we have
      251 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon Maybank setting up Reit with CapitaLand: report
      466 15 Interest sparked off by tax changes announced in Budget: The Star [KUALA LUMPUR] Malayan Banking Bhd is in talks with Singapore's Capita Land Group to set up a real estate investment trust (Reit), according to The Star newspaper. "Globally, Capita Land has an
      466 words
    • Article
      Lock icon Indonesia may cut holdings of US dollars, treasuries
      343 15 Bloomberg [JAKARTA] Indonesia may reduce holdings of dollars and US treasuries in its for-eign-exchange reserves, said Aslim Tadjuddin, deputy governor for monetary policy at the central bank, in a telephone interview here. Demand for the dollar has waned on concern for funding
      Bloomberg  -  343 words
    • Article, Illustration
      Lock icon The ringgit guessing game continues
      474 15  -  MALAYSIA INSIGHT PAULINE NG KL Correspondent M Jf"* UESSING the peg, the j latest game in town', de- mm clared a New Straits yL I Times headline over the weekend. Indeed it is. Wherever you turn, discussions abound as to whether Malaysia will alter its
      474 words
    • Article
      Lock icon Third bidder emerges for 15.8% DRB-Hicom stake
      340 15 IKUALA LUMPUR] The battle for control of DRB-Hicom Bhd could be taking another twist with the emergence of a third bidder, The Star reported. The potential bidder told the paper that a meeting with Prime Minister Abdullah Ahmad Badawi would be arranged to
      340 words
    • Article
      Lock icon KLSE: BROKERS' RECOMMENDATIONS
      8 15 Compiled by Thomson Financial I/B/E/S
      Compiled by Thomson Financial I/B/E/S  -  8 words
  • Page 15 Advertisements
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      592 15 Call toll-free 1800 289 8822 HMMUMW FOR TENDER SALE Tenders are invited for the purchase of the following items on an "as is where is" basis: Sorting machine, portable pneumatic conveyor separator extraction system, polishing machine forklifts coffee roaster, coffee grinder furniture, etc. Tender forms can be obtained during office
      592 words
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon HK speculators fuel frenzy in gambling stocks
      447 16 Analysts warn this is in danger of becoming another speculative boom [HONG KONG] Retail investors in Hong Kong are known for their speculative bent. But even by their standards, their latest stock market investment fad seems far-fetched they have begun gambling on gambling,
      Source: Bloomberg  -  447 words
    • Article
      Lock icon India allows faster foreign banks expansion
      402 16  -  By AJOY SEN in New Delhi INDIA has agreed in part to a long-pending request from 12 foreign banks operating in the country to process branch expansion licences every six months instead of 12 months as now. The Reserve Bank of India (RBI) and
      402 words
    • Article
      Lock icon China in talks to buy Canadian oil giant
      262 16 AFP. Bloomberg (TORONTO] China's government has opened talks to buy Canadian oil and gas giant Husky Energy Inc from Hong Kong tycoon Li Ka-shing, a Canadian newspaper said. The Globe and Mail newspaper said on Friday that Beijing wants to buy the
      AFP.; Bloomberg  -  262 words
  • Page 16 Advertisements
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      30 16 |Hk 11 Hk IK tM SH n VK; Hr HPv'- r-Bi Read The Business Times tomorrow for nomination details. Jointly Organised By: The Business Times -a«t- r v; s -i*\r*-
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  • ASIA-PACIFIC
    • Article, Illustration
      Lock icon Thai premier calls for early elections
      472 17 Report cites need to stabilise the kingdom's southern regions as a factor AFP [BANGKOK] Thai Prime Minister Thaksin Shinawatra has called for early national elections, media reported yesterday. 1 The prime minister is citing a need for stability to prevent more violence in the
      AFP; REUTERS  -  472 words
    • Article
      Lock icon Philippines to raise duty on oil starting January
      426 17 Bloomberg [MANILA] The Philippines said it will raise import duty on oil and refined petroleum products, a day after capital Manila and other major cities were paralysed by a public transport strike to protest rising fuel costs. Energy Undersecretary Peter Abaya said
      Bloomberg  -  426 words
    • Article
      Lock icon Barclays Cap buys 4.9% of Siam City Bank
      360 17 Thai bank's stock surges after Barclays Bank unit swaps warrants for shares Bloomberg [BANGKOK] Barclays Capital Asia Ltd, a unit of the UK's third-largest bank by assets, bought 4.99 per cent of Siam City Bank after swapping warrants in the company for
      Bloomberg  -  360 words
  • Page 17 Advertisements
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      350 17 In mil erttoc call toll-free 1800 289 8822 Email: notices®sph.com.sg IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF BOTTOM LINE (S) PTE LTD Company No *****4551E (In Provisional Liquidation) NOTICE OF CREDITORS'MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 296(1) of the Companies
      350 words
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      483 17 LKN-PRIMEFIELD LIMITED Company Registration No: *****0131N (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the Extraordinary General Meeting of the Company will be held at 27 International Business Park, sth Level, Primefield-Landmark Building, Singapore *****4 on 22 December 2004 immediately after the
      483 words
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      226 17 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF EALS LANGUAGE SCHOOL PTE LTD (IN MEMBERS' VOLUNTARY WINDING-UP) COMPANY REG. NO. *****6693H NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act. Chapter 50. the Final Meeting of
      226 words
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      137 17 In the Matter of The Companies Act, Cap. 50 And In the Matter of M-ACOUSTICS PTE LTD (In Members' Voluntary Liquidation) (Co. Reg. No. *****5914 D) NOTICE Of FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap. 50, the Final Meeting of the
      137 words
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      Lock icon Page 17 Advertisements Column 5
      341 17 IN THE MATTER OF THE COMPANIES ACT. CHAPTER 50 LIM KHOO PTE LTD (Co. Rog. No: 1Q*****24G) MEMBERS' VOLUNTARY LIQUIDATION At an Extraordinary General Meeting of the Company convened and held at 6A Napier Road #02-38 Gleneagles Hospital. Annex Block 2nd Storey. Singapore *****0 on 25 November 2004, the following
      341 words
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      1274 17 f HZRA EZRA HOLDINGS LIMITED Co. Reg. No. *****1411N (Incorporated in the Republic of Singapore) NOTICE IS HEREBY GIVEN that the Annual General Meeting of Ezra Holdings Limited (the "Company") will be held at Raffles City Convention Centre, 2 Stamford Road, Singapore *****2, on Wednesday, 15 December 2004 at 11am
      1,274 words
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  • WORLD
    • Article
      Lock icon US will comply with WTO ruling: Bush
      290 18 AP. Bloomberg [WASHINGTON] The Bush administration will comply wijh a World Trade Organization ruling that penalises sojne US exports even as it tries to get Congress to change the law that prempted the sanctions. WTO granted permission for tariffs by the Eifropean Union,
      AP.; Bloomberg  -  290 words
    • Article, Illustration
      Lock icon US holiday shopping off to good start – thanks to electronics
      663 18 US holiday shopping off to good start thanks to electronics Stores optimistic as retailers project 4.5% gain in sales over last year NYT [NEW YORK] Millions of Americans started their holiday shopping, making retailers optimistic about sales. In fact, the National Retail Federation projects a sales gain of 4.5 per
      NYT; AFP  -  663 words
    • Article
      Lock icon Daimler expects dollar's drop to hurt Mercedes
      463 18 Bloomberg [STUTTGART] DaimlerChrysler AG, the world's fifth-largest carmaker, said the US dollar's decline to a record against the euro will reduce the earnings of the Mercedes-Benz division, adding to the woes of the luxury car unit. "We weren't prepared for the dollar to
      Bloomberg  -  463 words
  • Page 18 Advertisements
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      854 18 Call toll-free 1800 289 8822 IN THE /MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF COMPART HOLDINGS (S) PTE LTD (In Members' Voluntary Liquidation) Co. Reg. No. *****5959R NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the Company held at 65 Chulia Street #48-03 OCBC
      854 words
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      853 18 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF KIAN GUAN HIN OIL MILLS PRIVATE LIMITED (In Members' Voluntary Liquidation) Company No.: *****0109K At an Extraordinary General Meeting of the members of Kian Guan Hin Oil Mills Private limited held at 7500 A Beach Rood
      853 words
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      Lock icon Page 18 Advertisements Column 3
      1289 18 LKN-PRIMEFIELD LIMITED Company Registration No: *****0131N (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the Members of LKN-Primefield Limited (the "Company") will be held on 22 December 2004 at 10.30 a.m. at 27 International Business Park, sth
      1,289 words
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  • AVIATION
    • Article, Illustration
      Lock icon Asean needs to cut regional air travel costs
      659 19 Tourism officials call for one-visa policy to promote tourism growth AFP [VIENTIANE] Southeast Asian nations must lower the cost of air travel and establish a one-visa policy if they want to spur intra-re-gional travel and bolster tourism, officials say. The 10-member Association
      AFP  -  659 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      385 19 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
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      Lock icon Branson seeks stake in Indian airline
      487 19 Virgin chief plans to make investment on a personal basis Reuters [NEW DELHI] British billionaire Richard Branson is looking to buy a 25 to 49 per cent stake in an Indian airline and his Virgin Group is exploring business opportunities in India's booming mobile
      Reuters; AFP  -  487 words
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      Lock icon Varig back in the black in Q3
      339 19 Reuters [RIO DE JANEIRO] Brazil's flagship airline, Varig, on Friday posted its first quarterly profit in years as it carried more passengers. Heavily-indebted Viacao Aerea Rio-Grandense (Varig) had a net profit of 262 million reais (*****.6 million) in the third quarter, compared with
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      Lock icon Beijing airport construction on track
      241 19 AFP [HONG KONG] The world's largest airport being built in Beijing is on track to be completed in just three years, Norman Foster, the famed British architect behind the project, said in an interview published here yesterday. Work which began on the huge facility in
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      Lock icon M'sia Air to stay out of low-cost airline business
      218 19 AP [KUALA LUMPUR] Malaysia's national airline will continue to focus on being a full-service airline and won't consider operating a low-cost carrier, the airline's chairman said. Even if Malaysia Airlines acquired a stake in a budget airline, it would allow the
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      Lock icon Air Arabia increases flight schedule
      134 19 Xinhua [ABU DHABI] Air Arabia, the national carrier of the United Arab Emirates (UAE) and first low-cost airline in the Middle East, announced an increase of its international flight schedule from Dec 1, Gulf News reported on Saturday. The newly planned flights of the airline,
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  • SHIPPING
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      Lock icon US cruise lines start to clean up their waste
      416 20 NYT [NEW YORK] Cruise lines, after years of sparring with environmentalists, the coast guard and federal prosecutors, now say they are voluntarily cleaning up. Royal Caribbean International, which pleaded guilty in 1999 to 21 felony counts of violating water pollution laws,
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      Lock icon Don calls for govt-level intra-Asian maritime forum
      618 20  -  Move to forge consensus will strengthen region's voice at IMO By DONALD URQUHART [SINGAPORE] A govern-ment-level, intra-Asian forum aimed at forging Asian consensus on important global maritime issues would help strengthen Asia's diminutive voice at the International Maritime Organisation (IMO), a visiting maritime
      618 words
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      Lock icon Oil spill in Delaware River threatens wildlife
      374 20 Private contractors working to clean up 32 km long slick AP [PHILADELPHIA] A tanker spilled 115,000 litres of crude oil into the Delaware River between Philadelphia and southern New Jersey, creating a 32 kilometre long slick that threatened fish and birds, Coast Guard
      AP; REUTERS  -  374 words
    • Article
      Lock icon Bangladesh faces freight charge hike
      370 20 Xinhua [DHAKA] Exporters in Bangladesh are deeply concerned about the coming price hike in sea freight charges for Europe-bound consignments, fearing the higher rate would add to export costs and make Bangladeshi products less competitive in the international market. According to the daily Afew Age
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    • Article
      Lock icon Boost for anti-piracy operations
      175 20 AFP [CHITTAGONG] Bangladesh port officials said they have asked the air force to carry out patrols to combat piracy off Chittagong port and along the adjoining coast. "We've requested the air force to help the coast guard and navy during anti-pira-cy operations in the sea and
      AFP  -  175 words
    • Article
      Lock icon TRANSPORT STOCKS
      294 20 S6X '000 Nov 26 SS *1- Vol CH Offshore .0.38 unch 177 ChuanHup .0.65 unch 933 Cosco Corporation 1.17 unch 7939 CWT Distribution .0.55 unch 11 Ezra Hides 1.14 0.01 332 Freight links .0.09 -0.01 1274 Grand Banks Yadit .0.91 unch 20 Jaya Holdings 1.03 unch 3635 K1
      294 words
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      347 20 S»MMrt NInQM ICMMV GMDSS-GOC v$ >\ 3 For more details about our STCW courses, please visit our website: www.sma.sp.edu.sg or contact Ms Balvinder Kaur, Tel: 6772 1817 Fax: 6772 1958 E-mail: Bkaur@sp.edu.sg SOUTH EAST ASIA AND SOUTH ASIA AUSTRALIA TRADE FACILITATION AGREEMENT NOTICE TO TRADE BUSINESS PLAN 2005 FROM SOUTH
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  • Article
    Lock icon SINGAPORE STOCKS
    11920 26 STRAITS TIMES INDEX STOCKS Stock iamt Wt Close Change Slock name Wt Ck»€ Change Allgreen 50c 0.29 1.040 -0.020 NOL 2.13 3.000 BIL Intl US20c 0.44 0.950 -0.015 OCBC 10.03 13.400 +0.100 Capita Land 1.41 2.110 Parkway H 25c 0.66 1.430 *0.010 Chart SemtCond 26c 0.79 1.040 -0.020
    11,920 words
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  • Article
    Lock icon FINANCE & COMMODITIES
    3250 27 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In lout an In SS In USi dy y* dy yr dy %yr tnd«» Ch»ngt Change Change Change Change Chanye World Inde* Preliminary 8311 0l» 67 0.1 5.7 01 9' EAFE Preliminary 751.3 -02 7.1 -0.1 90 01 125 Europe Preliminary 1038.3 -02
    3,250 words
  • Article
    Lock icon Metals get a boost as gold price soars
    912 27 COMMODITIES: WEEKLY ROUNDUP AFP [LONDON] Metals benefited from the dollar's sharp slide against major currencies last week, with gold soaring above US$455 to reach a new 16-year high. Oil rose slightly on fears about a supply crunch during the northern winter. Gold:
    AFP  -  912 words
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  • BizIT
    • Article, Illustration
      Lock icon 3G will accelerate business mobility
      630 28  -  <you say> JOHN STEFANAC COMMERCIAL 3G rollout is gathering pace around the world. In Singapore, Mobile One, Sing Tel and Star Hub have started to conduct 3G customer trials, with commercial launches expected in the first quarter of 2005. By the year-end, up to 60
      630 words
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      Lock icon Hard gains, soft losses ?
      928 28  - Hard gains, soft losses <we say> Savings due to improvements in hardware design, which improves server efficiency and usage, may be threatened by a rise in software costs AMIT ROY CHOUDHURY Correspondent IS your company ready to fork out at least 50 per cent more for its software licenses by
      928 words
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      Lock icon New collaboration features in Adobe Acrobat 7.0
      334 28  -  They include easy review of PDF documents by Adobe Reader users By ROLAND LIM ADOBE Systems has introduced new collaboration features in the latest version of its popular Acrobat document management software, which it previewed here last week. Adobe Acrobat 7.0 will ship
      334 words
    • Article
      Lock icon Electronic paper that can post messages on walls
      162 28 AFP [TOKYO] In a gift to those who want to be surrounded by work 24 hours a day, Hitachi said last week that it had developed a thin electronic paper that can be posted on walls bringing in messages by remote control.
      AFP  -  162 words
    • <what's new>
      • Article, Illustration
        Lock icon New Epson colour laser printer
        100 28 JAPAN-BASED Epson has launched the Aculaser CI 100 series of colour laser printers targeted at home offices and small businesses. Priced at $999 for the CI 100 and $1,199 for the network-capable CI 100N, the new printers feature Epson's new Acußrite toners that are claimed
        100 words
      • Article
        Lock icon Canon's new projector
        86 28 CANON has launched the XEED SX50 projector that is based on Liquid Crystal On Silicon (LCOS) projection technology. Canon's XEED SX50 is claimed to be 40 per cent lighter and 25 per cent smaller than competing LCOS-based projectors as it features a new optical system that reduces
        86 words
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        Lock icon New Dell Axim pocket PCs
        101 28 DELL has unveiled two new Axim pocket PCs, the Axim X5O and Axim Xsov. Both run on Microsoft Windows Mobile 2003 Second Edition, feature slots for both Compact Flash and Secure Digital cards, and pack in Bluetooth 1.2 and Wi-Fi 802.1 lb wireless connectivity. The
        101 words
      • Article
        Lock icon Check Point's wireless security appliance
        60 28 FIREWALL specialist Check Point Software Technologies has launched a new wireless security appliance, the Check Point Safe@0ffice 400W. Targeted at businesses with up to 100 users, the Safe@01Yice 400W is a wireless access point that integrates Check Point's VPN-1/FireWall-1 security technology, and features WiFi 802.1
        60 words
      • Article, Illustration
        Lock icon Escada Siemens adorned with crystals
        69 28  -  Compiled by ROLAND LIM FANCY Swarovski crystals on your mobile phone? The limited edition Siemens SL6S Escada features a sliding design and a VGA camera, but buyers would probably be more interested in the sparkling zirconia and pearls that adorn the phone. The SL6S Escada
        69 words
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      Lock icon McData eyes greater share of pie in Asia-Pac
      900 29  -  BT exclusive The storage network solutions provider expects to grow by 70 per cent in the region this fiscal year, reports AMIT ROY CHOUDHURY AMIT ROY CHOUDHURY STORAGE network solutions provider McData is expanding and investing heavily in the Asia-Pacific region where
      900 words
    • Article, Illustration
      Lock icon Sitex 2004's a hit with 450,000 visitors
      311 29  -  ROLAND LIM By I SITEX proved a crowd-pull-er yet again, drawing about 450,000 visitors over the four days of the consumer digital lifestyle show held at Singapore Expo from Nov 25. Show manager Singex Exhibitions could not confirm exact sales revenue from Sitex
      311 words
    • Article
      Lock icon Global semiconductor sales up by just 1.5% in Oct
      407 29 Reuters [NEW YORK] Worldwide semiconductor sales rose a scant 1.5 per cent in October, to US$lB.B billion from US$lB.5 billion in September, as many chip users pared bloated inventories, the Semiconductor Industry Association said on Friday. The trade group for US
      Reuters  -  407 words
    • Article
      Lock icon Philips rejoins PC sales fray
      264 29 Bloomberg [AMSTERDAM] Royal Philips Electronics NV, Europe's largest maker of consumer electronics, will start selling personal computers in eight European countries returning to a market the company left more than 10 years ago. Amsterdam-based Philips, Europe's largest maker of televisions, and Dixons Group Pic, Britain's
      Bloomberg  -  264 words
    • <what's up>
      • Article
        Lock icon 0C8Cunveils.NET e-banking solution
        54 29 OCBC Bank has launched the first Internet banking application in Singapore based on Microsoft's .NET platform. Working with Microsoft certified partner EBWorx, OCBC implemented the first phase of the application in three months. OCBC claims that response times for its more than 200,000 customers have been cut
        54 words
      • Article
        Lock icon SCS and NTU to host regional IT contest
        72 29 SINGAPORE Computer Society and the Nanyang Technological University will host the upcoming AGAMES 2004 which will be held from Dec 6-9. AGAMES 2004 is a regional IT competition for students from the Asia ICT Confederation member countries. This year, teams from Hong
        72 words
      • Article
        Lock icon PacNet Internet security seminar
        44 29 PACIFIC Internet is organising a seminar on network security targeted at SMEs. Speakers from Pacific Internet, Cisco Systems, Infinitum and Microsoft will speak on a range of security-related issues at the event on Dec 2. For more information, e-mail groupsales@pacific.net.sg.
        44 words
      • Article
        Lock icon Hewlett-Packard SEA appoints new MD
        59 29 HP has appointed Sanjiv Aiyar as vice-president and managing director for the South-east Asia region. Mr Aiyar has spent 17 years in the organisation, and was previously the vice-president of strategy and development for the Asia-Pacific and Japan region. He takes over from Tan Choon
        59 words
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        Lock icon Star Hub, Connexion to link networks
        56 29 STARHUB has reached a pact with in-flight Internet service provider Connexion by Boeing to add its networks to Star Hub's wireless broadband services portfolio. When completed, Star Hub customers can sign on to Connexion's networks with their Star Hub login ID and will be
        56 words
      • Article
        Lock icon itSMF opens Singapore chapter
        51 29  -  Compiled by ROLAND LIM IT Service Management Forum (itSMF) has started a Singapore chapter. Established in 1991, the not-for-profit organisation currently boasts 2,500 member companies worldwide which are involved with developing and promoting best practices and standards in IT service management. Visit www. itsmf.org.sg for more
        51 words
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      Lock icon HP to push managed services arm
      761 30  -  BT exclusive It will focus on offering solutions in e-govt, defence, healthcare and education across Asia-Pacific, HP's Paul Chan tells RAJU CHELLAM RAJU CHELLAM US giant HewlettPackard Company is aiming to push its managed services business across the Asia-Pacific region this fiscal year to
      FILE PHOTO  -  761 words
    • Article
      Lock icon Evolution of the outsourcing model
      325 30 OFFSHORE infotech outsourcing is evolving into a more sophisticated model with work being done across a global network of multiple offshore locations that together deliver services at even lower cost than the mtes companies in India offer, says fWrester ReseardNnc. The Nasdaq-listed firm calls this
      325 words
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      Lock icon SingTel Mobile users can download music on their handsets
      550 30  -  BT exclusive By ROLAND LIM Sing Tel Mobile customers can now download onto their mobile handsets thousands of songs at better-than-radio playback tySingTel's Music Vibe service is the first music download service in Asia using proprietary technology from Chaoticom Inc, a
      550 words
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      27 29 )&UF6nInTEr?nET $6,995* Premium Pack comes with Cisco /S/? Router, internet Access 9 Cisco IP Phones Cisco Systems Visit www.lPTel.net.sg for more details ■flHPfn *$7,344.75 GST rnlll(Wßmillim« Partner
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      43 30 i Authorized DUributor lf |f, Pto Ltd Offic* 1 Pte Ltd 3ffllSD £S^ B SS W8 Tel: +65 *****322 Fax: +66 *****511 Singapore *****7 NttaeM Horn* Etootronios Aata (8) Pto Ltd w2^ V !II!!^" DaHy: 10.00 am 8.30pm Wabatta: www.httachimuMmadla.oom.ag Monday-Friday: 8.30 am
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      12 30 INTERVIEW i McData goes for a bigger bite in the Asia-Pacific. PG29
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