The Business Times, 30 November 2004

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

Total Pages: 30
1 30 The Business Times
  • 12 1 THE BUSINESS TIMES onNnt «t hfttp/A>urin«ss-timtu^lxomjg 9N6APd*mt^r" MICA (F) 023/*****4 lutsdapNommftitf 3A2004
    12 words
  • 515 1  -  Company mum on market speculation that CEO/MD may be stepping down By KENNETH LIM [SINGAPORE] China Aviation Oil (CAO) called for a suspension in the trading of its shares yesterday. And in the absence of an explanation for the suspension, the market's rumour mill
    515 words
  • 134 1 sn 2,038.72 (+10.29) ST INDEX FUTURES 2.039.00 (unch) siMsa 241.97 (+1.20) SIMSa FUTURES 241.90 (+0.70) MARKETS Monday Change KLSECOMP 915.90 +7.12 NIKKEI225 10,977.89 +144.14 HANG SENG 14,066.91 +171.88 SET INDEX 657.25 +8.50 JAKARTA COMP 964.08 -1.13 MANILA COMP dostd SEOUL COMP 865.40 +728 SHENZHEN B 237.84 -3.11 BOMBAY
    134 words
  • 48 1 TOP STORIES ...PG 2,3 COMPANIES... PG 4-9 SMALL CAPS ....PG 10 SINGAPORE PG 11 ECONOMY PG 13 M'SIA PG 14 INDONESIA. PG 14 CHINA... PG 15 INDIA PG 15 ASIA-PAC PG 16 WORLD PG 17 AVIATION PG 18 SHIPPING PG 19 EDITORIAL PG 20 PROPERTY.. PG 28-30
    48 words
  • 669 1  -  It will eliminate tariffs on 75% of S'pore's exports By CHUANG PECK MING in Vientiane SINGAPORE and Seoul are on the verge of signing a free trade deal that will immediately eliminate tariffs on almost 75 per cent of Singapore's domestic exports
    REUTERS  -  669 words
  • Page 1 Advertisements
    • 9 1 UNEMPLOYMENT Where Singapore's jobless rate is headed PG 20
      9 words
    • 9 1 COLLECTIVE SALE privatised HUDC flats? 111 l 8 *****1"*****4
      9 words
    • 37 1 w pricing expected at higher end P66 BT ONLINE Access to BT Online is free after 6pm each day. But print subscribers can access our online news anytime. Call 6388-3838 to subscribe and activate your online account
      37 words
    • 82 1 JI-4• v *•••> < PROPERTY ABROAD Arsenal tabufld homes ■on Highbury site pgm AVIATION Asian airlines face consolidation: BA chief PG 18 HBMOHBBHBBBHBHBHHBHHHBHhwOM^E■ iff® mT Jlß|jy Breguet. La passion laisse des traces. _v Man's Classique wristwatch in 18-carat yellow gold Self-winding movement. Retrograde ~Sf—^ small seconds and power-reserve indicator Off-centred
      82 words

  • TOP STORIES
    • 575 2  -  This, and flexiwage, will give companies flexibility to ride demand cycles By CHUANG PECK MING [SINGAPORE] Manpower Minister Ng Eng Hen wants to ease restrictions on hiring foreign workers to help companies ride business cycles better. Firms must have the flexibility
      FILE PHOTO  -  575 words
    • 409 2  -  By RONNIE LIM (SINGAPORE] The Titan Group, which operates floating oil storage facilities at Tanjong Pelepas and Pasir Gudang in Johor, is considering building a storage terminal in Singapore to boost its regional trading activities, which include supplying fuel oil to China.
      409 words
    • 710 2 KepCorp unit sells stake in M'sian associate EVEN as Keppel Corp reviews its oil and gas interests, the diversified conglomerate is continuing to divest its other non-core assets. Wholly-owned unit Keppel Integrated Engineering will sell its entire stake in a Malaysian associated company. KIE has agreed to sell
      710 words
    • 160 2 AP [WASHINGTON] President George W Bush yesterday chose Carlos Gutierrez, 51, chief executive officer of the Kellogg Co, to be secretary of commerce, administration officials said. If continued by the Senate, Mr Gutierrez would succeed Commerce Secretary Donald Evans, who announced his resignation
      AP  -  160 words
    • 664 3  -  ASEAN SUMMIT Leaders also agree on early removal of tariffs for the six richer states Reports by CHUANG PECK MING in Vientiane ASEAN leaders yesterday embraced plans to accelerate economic integration, including an early move to eliminate tariffs for 11 priority sectors that account
      AFP  -  664 words
    • 280 3 SINGAPORE yesterday unveiled a $28.9 million technical aid package for Cambodia, Laos, Myanmar and Vietnam (CLMV) a move that strengthens its contribution to Asean's collective effort to narrow the development gap within the grouping. The package given under the Initiative for Asean Integration
      280 words
  • Page 2 Advertisements
    • 158 2 Local celebrities declare VA/A/A//'// BEIJING Wl WUM is the most effective" <* ---j® therapy shows "With a 30 year Story nS<^V n B auoimMm* jg Kii* you can trust." Shao Guang MedtoCorp Arttota 4^P aw^rdwinning 2 hair has made me i './m iusirous iiuir. (4 more confident and you, Beijing
      158 words
    • 58 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: +65 6535 3382 F: +65 6535 3991 singapore@ocra.com.sg
      58 words

  • Page 3 Advertisements
    • 87 3 Asia Pacific is upgrading fast. And with it comes a rising demand for the latest products. Whether you export fully assembled computers or import hard disks, our express distribution and logistics services can connect you to where the action is. With more people in more places we can do it
      87 words

  • Page 4 Advertisements
    • 214 4 AW W- 'v •'> -'v 14".Afflr •.>;> -■•>..; < -v-. ?-n 'ttj. Christmas k T*THTXTP Q 1 lIJI 1 Al Vjl3 Christmas at Takashimaya With The Most V/ondrrful Gt/ls Of TV Ssaitn X This Christmas, share the warmth and joy of the holiday season filled to the brim with the
      214 words
    • 84 4 i i > ;I !M I ,M i I■ .(i t).! i ij■ i 'I in* uil 'iii!. ;i Will <»lU' of <mi >0 )<iii sof $11'» (oiid'il 1 uk< k t s, when you .ill 1900 912 0009 to .in swim two simple questions by i >«'« I, 1
      84 words
  • COMPANY NEWS
    • 399 4  -  Deal is part of goup's divestment of non-core assets, says KepCorp By WONG WEI KONG *€j/EN as Keppel Corp re►Jiews its oil and gas interns. the diversified conglomerate is continuing to Niivest its other non-core assists. Yesterday, KepCorp said >$iat wholly-owned unit ti&ppel
      FILE PHOTOS  -  399 words
    • 581 4  -  HOCK LOCK SIEW By ANGELA TAN LAST Friday, SembCorp Industries (SCI) made an extra $200 million provision for its ongoing lawsuit against Switzerland-based Allseas Group SA over a vessel conversion project, bringing the total provisions made for the nine-year-long court battle to
      FILE PHOTO  -  581 words
    • 331 6  -  By CHEN HUIFEN FIFTY companies and five research houses have been approved for phase two of the Research Incentive Scheme, an initiative by the Singapore Exchange and the Monetary Authority of Singapore to enhance research coverage of firms listed on the local bourse.
      331 words
    • 547 6  -  Institutional interest in trust is overwhelming, says chairman By ANDREA TAN SUNTEC Reit is likely to De priced at the "higher end" of the 97 cents to $1 range following "overwhelming" institutional interest, chairman Justin Chiu said yesterday. The property trust,
      547 words
    • 447 6  -  By JOYCE KOH UNRUFFLED by this year's bird flu outbreak, Cerebos Pacific which makes the well-known Brand's Essence of Chicken yesterday laid out an impressive full-year performance that belied initial concerns that the disease would affect sales. Cerebos posted a 51 per cent rise
      447 words
    • 34 6 UNIT TRUSTS FUNDS LEGEND:All prices are indicative;Broadly Diversified; Narowly Focused;$ 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
    • 649 9  -  Firms not ready for new standard adopted on April 1, say industry experts By JOYCE KOH EVEN as the local M&A scene hots up here, local companies who hope to use acquisitions to boost their growth might face a stumbling block because
      649 words
    • COMPANY BRIEFS
      • 67 9 STARTRCH Electronics said yesterday it has lent another $600,000 to Xu Sheng, on top of the $1 million it loaned to him in July. Mr Xu is a principal shareholder of Hivac Technology, which forms one half of the joint venture called Startech Hivac
        67 words
      • 33 9 CRANK and heavy equipment supplier Tat Hong Holdings has acquired Kingston Industries Pty Limited, an Australian plant hire and heavy haulage company, for A 511.7 million (5515.1 million).
        33 words
      • 40 9 CORRUGATED paper prod ucts maker Tat Seng Packaging Group Ltd said the installation of its modern production line at its second manufacturing plant in Suzhou is completed. The total investment is about US$5 million.
        40 words
    • 183 9 E-LEARNING solutions provider China Cast Communication said yesterday it has signed a memorandum of understanding with the University of Maryland's Robert H Smith School of Business to offer courses in China. China Cast and the Smith School intend to offer a general management course
      183 words
    • 349 9 BOTTLE-MAKER Full Apex has announced that it will spend HK$52 million (Ssl 1 million) to set up a new production plant in the Chinese city of Shantou in Guangdong province. The Shantou plant will add an annual production capacity of 100 million cold
      FILE PHOTO  -  349 words

  • Page 5 Advertisements
    • 258 5 W m i§ fl v I -iiHH^^^H V gplr" ft I. m^li^ L Now there's a credit card heavily weighted in your favour. PPfU *todooffiMßhM All credit cards are created equal, right? Wrong. Introducing the American Express Platinum Credit ol k ls4 tuN mm Card, a Card packed with substantial
      258 words

  • Page 6 Advertisements
    • 121 6 Cash-In using MetaStock Formulations Strategies to WIN BIG in Stock Markets Al' Day workshop tear him) MetaStock users MOW to Formulate Strategize and Unveil the Hidden Power to Increase WINIING ODDS Consistently 100% Applicable in Singapore Context without Intensive Market Monitoring Tins is a specially created Power-Packed Piactical wo'kshop. suitable
      121 words

  • Page 7 Advertisements
    • 963 7 '1 Elfjaspi^: I 70 ■ff fl V IT fl V W I tax-free 2 yield ~m ..xJ""" Kflr ""iPSsfc ■r—• Bj- jv l flh&» imfm Br" 1 «jjft B M ■■■"fig'' Jy »f 9 M J B fl| tI.SU NTEC Real Get your copy of the prospectus of Suntec REIT
      963 words

  • SINGAPORE MARKETS
    • 589 8  -  STOCKS Creative gains the most; recent new China listings China Sun and Junma among top actives TEH HOOI LING Senior Correspondent SINGAPORE stocks rose in light trading, taking their cue from the firmer US stock index futures and other major regional markets. The Straits
      Source: Bloomberg  -  589 words
    • Article, Illustration
      1023 8  -  Compiled by KENNETH LIM Brilliant Manufacturing Nov 29 dosa: 63.5 emits UOB-KAY MAN RESEARCH, Nov 29 LOWER margins in Q404 mainly due to non-operating factors. Brilliant made a one-off $1.1 million provision for its investment in Maxtor's shares in Q404. The investment was marked-to-market at US$5.2O per share.
      Source: Bloomberg  -  1,023 words
    • 484 8  -  CURRENCIES LARRY WEE Senior Correspondent AFTER tumbling to fresh lows late last week in New York, the US dollar recovered nervously in Asia yesterday following a pointed weekend warning from China's Prime Minister Wen Jiabao. Mr Wen said on Sunday that China is not
      Source: Reuters  -  484 words
    • TRADES TO WATCH
      • 106 8 MAGNUS Energy Group executive director Umar Abdul Hamid's deemed stake now comprises just one share after 10.2 million shares that were held through a nominee account were sold by financial institutions to meet obligations. Those shares, representing about 0.89 per cent of the
        106 words
      • 73 8 IPCO International substantial shareholder Chng Gim Huat bought 333,000 shares last Friday, raising his stake to 5.39 per cent from 5.35 per cent. No pricing information was disclosed. Mr Chng's holdings first crossed the substantial 5 per cent mark in June this year, and he
        73 words
      • 84 8 UNITED Fiber System deputy chairman and executive director Chia Quee Hock sold one million shares on the open market last Friday at 15.5 cents apiece. The sales reduced his direct holdings from 0.05 per cent to an insignificant 1,000 shares. He is also deemed
        84 words
      • 81 8 SIN Soon Huat executive director Lim Teck Guan exercised 20.5 million warrants at an exercise price of one cent apiece last Friday, raising his direct stake to 12.87 per cent from 8.62 per cent. Sin Soon Huat shares gained half a cent, 0r.6.7 per
        81 words
      • 125 8  -  Compiled by KENNETH LIM FOUR Pacific Andes Holdings directors saw their deemed shareholdings increase last Friday after 1.2 million shares were acquired by Clamford Holding. The shares were bought on the open market at about 36.6 cents each. Clamford now has a direct and
        125 words
    • Article, Illustration
      428 8 OTHER SINGAPORE INDICES Nov 29 VALUE CLOSE BT OB/OS -95.00 +41.00 BT CADI -*****.00 +25.00 BT 10-day MA -*****.00 -10.00 All-SG Equities 522.17 +2.29 SG Equities Elect 157.17 -0.07 SG Equities Fin JI605.06 +13.52 SG Equities Prop 518.74 +3.40 SIMSCI 241.97 +1.20 SiMSCI Futures 241.90 +0.70 MOST ACTIVE STOCKS VOLUME
      428 words

  • Page 9 Advertisements
    • 293 9 j^ e Logistics institute Asia Pacific, a collaboration between National University of Singapore (NUS) and Georgia Institute of Technology (Georgia Tech), invites suitable candidates to apply for admission into intake 2005 commencing study in August 2005. This joint program is the first of its kind to be offered in Singapore.
      293 words
    • 235 9 IWC. Official supplier to men. With a weight of 150 grams and an impressive case diameter of 46.2 mm, the Big Pilot's Watch bears strong visual clues to its historical predecessor from 1940. Its Pellaton automatic winding system and its seven-day automatic movement place it technically at the forefront of
      235 words

  • SMALL CAPS
    • 759 10  -  Even though HG Metal's share price has doubled since January, analysts are still enthusiastic about it, reports ANGELA TAN ANGELA TAN HG METAL Manufacturing's latest results were spectacular and far exceeded analysts' expectations. Going forward, the company expects its fiscal first-half 2005 results to top last year's.
      FILE PHOTO; Source: Bloomberg  -  759 words
    • 471 10  -  By TEH HOOI LING OUR small-cap portfolio has done very well in the last five trading sessions, including yesterday's, beating both the Straits Times Index (STI) and the UOB Sesdaq Index. It rose 2.7 per cent, compared with the STl's 0.9 per cent and the
      471 words
  • Page 10 Advertisements
    • 215 10 |HV«H f ffl ii 11 ®i ill rifi 7 4 J ll< m 1 A ft H PV ■fl HI H I V J U 1 m I k The Business times Where to wine, dine and entertain... T PLAZA PARKROYAL The Most Enchanted Moment In Life "View The Latest
      215 words
    • 23 10 QHHHI i bp J lII] The Official Watering Hole ofThuaChuKaig: The Musical" Cast 4 Company 0 ww,rwwM #01-10 Millennia Walk 9 Raffles Boulevard
      23 words
    • 23 10 Ifs official. We're in alliance. Announcing a merger? Call 1800 289 8822 or email notices@sph.com.sg to book your advertisement in our newspapers now.
      23 words
    • 52 10 n MERITUS MANDARIN SINGAPORE T BUFFET DINING AT ITS BEST Fresh oysters, delectable lobsters, savoury honey-glazed ham, US Prime Rib of Beef and many more mouth-watering dishes rT to leave you spoilt for choice. Reservations: 6831 6271/72 MERHTS MANDARIN 333 Orchard Road, Singapore *****7. Tel: +65 6737 4411. Fax: +65
      52 words

  • SINGAPORE NEWS
    • 542 11  -  Outlook for the entire year is poor with printer sales set to shrink 12% By RAJU CHELLAM As a further sign of the continuing slowdown in the IT industry, sales of computer printers dropped to their lowest level in nine
      542 words
    • 257 11  -  By DANIEL BUENAS IN A move that is seen as an important step forward in the fight against terrorism and transnational organised crime, Singapore and seven other Association of South-east Asian Nations (Asean) countries have signed a treaty to provide legal assistance in
      257 words
    • 498 11  -  But the latest business receipts index figures are a drop from Q2 By NANDE KHIN THE services sector continued to show growth in the third quarter, expanding 8.7 per cent from a year ago, latest figures of the business receipts index released
      Source: DOS  -  498 words
    • 140 11 SUNNY weather with a balmy breeze was the ideal setting for a weekend river cruise for elderly folks. Last Saturday, 80 senior citizens from Tanglin-Cairnhill division who live in one- and two-room flats, were invited on the Duck and Hippo Tour, an event jointly organised by
      140 words
    • 196 11 BUSINESS space solutions provider Ascendas yesterday said it has acquired the eight-year-old Moreton Building at No 2 Clementi Loop for an unsaid amount. The building consists of a four-storey office block with a mezzanine floor and an adjoining four-storey conventional warehouse. Standing on a land plot
      196 words
    • 208 11 The Singapore Workforce Development Agency (WDA) is launching a practical guide to performance management, as part of its efforts to help local small- and medium-enterprises strengthen their human resource capabilities and move towards a more flexible and performance-based wage system. The guide consists of
      208 words
  • Page 11 Advertisements

  • FOCUS: INDUSTRIES
    • 950 12  -  Besides passenger and cargo traffic, an aviation hub needs core aerospace-related activities which S'pore has developed over the years. VEN SREENIVASAN reports VEN SREENIVASAN SINGAPORE'S growth has been closely linked to its ability to position itself as a strategic hub in this part of
      BLOOMBERG; FILE PHOTOS  -  950 words
  • Page 12 Advertisements
    • 2304 12 2^|^y^j^^^^|jj^^^lvertis^UM|olHre^Bo^B9M22^EfflaJl^oticeBoBphxom|Sg IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF MAPICS SINGAPORE PTE LTD (In Members' Voluntary Liquidation) (REG. NO. *****4688K) NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the abovenamed Company duly convened and held at 1000 Windward Concourse. Parkway Suite 100 Alpharetta
      2,304 words

  • ECONOMY WATCH
    • 1240 13 The gains affect profitability of Japanese exports, prolong deflation Bloomberg [TOKYO] The Japanese yen's rise to a four-year high against the dollar threatens to stifle an ex-port-led recovery in the world's second-largest economy and extend more than six years of deflation. Manufacturers including Toyota Motor Corp,
      Bloomberg; AFP  -  1,240 words
    • 506 13 Reuters [FRANKFURT] A spate of warnings from European Central Bank policymakers that the economic recovery is wobbling appears to signal that the ECB will pull its interest rate stance back into neutral when it meets this week. Heightened caution on growth would mark
      Reuters; REUTERS FILE PHOTO  -  506 words
    • 632 13 But rising crude and palm oil prices may cushion slump Bloomberg [SINGAPORE] Malaysian economic growth probably slowed in the third quarter from the fastest pace in almost four years as higher energy costs curbed overseas demand for exports of computer
      Bloomberg  -  632 words
    • 580 13 Bloomberg [JAKARTA] Indonesia should not weaken its currency to compete with US exporters even if the US dollar falls further next year, Trade Minister Mari Pangestu said yesterday in an interview in Vientiane, Laos' capital. "We have to live with the fact that
      Bloomberg  -  580 words
  • Page 13 Advertisements
    • 125 13 The Ist1 st Indonesia BIOMETRICS TECHNOLOGY AND CORPORATE SECURITY EXHIBITION TO BE HELD AT: ATRIUM WORLD TRADE CENTER JAKARTA Jl. Jend. Sudirman Jakarta 22 25 MARCH 2005 Suitable exhibits include: Latest "Biometric" and other electronic technology for increased security and anti-fraud. Security equipment, consultancy, and security manpower services. Equipment for
      125 words

  • MALAYSIA/INDONESIA
    • 435 14 The govt's 16% stake has a market value of 569.8 billion rupiah Bloomberg [JAKARTA] Indonesia will start selling a stake of as much as 16 per cent in PT Bank Niaga this week, as it seeks to finance its budget deficit.
      Bloomberg  -  435 words
    • 4 14
      4 words
    • 233 14 Reuters [SINGAPORE] Tanjong Pic, Malaysia's second-biggest power producer, is seeking a partner to bid for the multi-billion dollar assets of Inter Gen, controlled by Royal Dutch/Shell, sources familiar with the situation said yesterday. "Powertek was... looking for a partner," one industry source,
      Reuters  -  233 words
    • 647 14  -  INDONESIA INSIGHT SHOEB KAGDA Jakarta Correspondent INDONESIA'S new government is hitting all the right notes as far as the country's investment climate is concerned and investors, it seems, are taking notice. Having promised to clear up a number of high-profile disputes with multinational investors soon
      647 words
    • 328 14 Reuters [KUALA LUMPUR] Telekom Malaysia Bhd plans a fresh bid for Indonesia's third-biggest mobile firm, Excelcomindo, a source close to the Malaysian company said, eyeing expansion in the neighbouring nation as growth slows at home. 4 State-controlled Telekom made a bid
      Reuters  -  328 words
  • Page 14 Advertisements
    • 235 14 In The Matter Of The Companies Act, Cap. 50 And In The Matter Of SSNS GLOBAL PTE. LTD. Reg. No. *****1658Z NOTICE OF CREDITORS' MEETING PURSUANT TO SECTION 296 OF THE COMPANIES ACT, CAP. 50 NOTICE IS HEREBY GIVEN that pursuant to Section 296pf the Companies Act, Cap. 50, a
      235 words
    • 221 14 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF PRC-DESOTO (SOUTH EAST ASIA) PTE LTD (IN MEMBERS'VOLUNTARY LIQUIDATION) Co Reg No: *****1887 C NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act. Cap. 50. that the final meeting
      221 words
    • 199 14 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF ORRICK ROOYK PTE. LTD. (IN MEMBERS' VOLUNTARY LIQUIDATION) Co. Rag. No.: *****7980E NOTICE IS HEREBY GIVEN pursuant to Section 308( 1) of the Companies Act, Cap. 50, that a Final Meeting of the Members of the
      199 words
    • 107 14 THE COMPANIES ACT CAP.SO IDEAS ENGINEERING PTE LTD (In Members' Voluntary Liquidation) Co. Regn No *****3770G FINAL MEETING NOTICE IS HEREBY GIVEN THAT the Final Meeting of the Members of the abovenamed Company will be held at 17 Jurong Port Road Singapore *****2 on the 30th day of December 2004
      107 words
    • 177 14 LEONG HUAT INDUSTRIES LIMITED (Incorporated in the Republic of Singapore) Registration No.:*****0591N) NOTICE IS HEREBY GIVEN that the 33* Annual General Meeting of the Company will be held at 71 Shenton Way #OS-01 Singapore *****0 on Wednesday. 22 December 2004 at 5.00 p.m., for the following purposes: AGENDA 1. To
      177 words
    • 111 14 THE COMPANIES ACT, CAP.SO OILQUIP PACIFIC PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN THAT the Final Meeting of the Members of the above-named Company will be held at 371 Beach Road #02-40 Keypoint Singapore *****7 on the 31st day of December 2004 at
      111 words
    • 191 14 IN THE MATTER OF THE COMPANIES ACT. CAP. SO AND IN THE MATTER OF VERNAUS REALTY PE LTD ON MEMBERS' VOLUfTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308(1) of the Companies Act, Cap. 50 tha the Final Meeting of Members of the Company
      191 words
    • 194 14 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF SUMITOMO UFE INVESTMENT SINGAPORE LMTED (IN MEMBERS' VOLUNTARY LIQUIDATION) COMPANY REGISTRATION NO. *****2962 C NOTICE OF FINAL MEETING Notice is hereby given that pursuant to Section 308 of the Companies Act, Chapter 50, the Final Meeting
      194 words

  • GREATER CHINA/INDIA
    • 463 15 Listed firms, execs are now subject to stricter disclosure requirements Bloomberg [BEIJING] China's stock exchanges have raised disclosure requirements and barred major shareholders of newly-listed companies from selling their stakes within a year. The new rules are aimed at boosting investor protection.
      Bloomberg  -  463 words
    • 366 15 Bloomberg [BEIJING] Yanzhou Coal Mining Co, China's only coal miner listed overseas, said a gas explosion in a coal mine in Shaanxi that may have killed up to 166 workers will not affect a mine it is planning to open in the
      Bloomberg; AFP  -  366 words
    • 339 15 Bloomberg [KUALA LUMPUR] China Steel Corp, Taiwan's largest steelmaker, may raise RM312.1 million (*****.5 million) selling shares in its Malaysian unit to help fund expansion as global prices for the metal rally. China Steel will offer individual investors 131.3 million
      Bloomberg  -  339 words
    • 536 15 Hang Lung is the latest company to take advantage of a roaring market to raise funds Reuters Bloomberg [HONGKONG] Hang Lung Properties Ltd, a mid-tier Hong Kong developer, sold HK54.44 billion (***** million) worth of shares at a discount of 6.25 per
      Reuters; Bloomberg  -  536 words
    • 607 15  -  RELIANCE SAGA By AJOY SEN in New Delhi INSTITUTIONAL investors, both foreign and domestic, who hold substantial stakes in Reliance Group companies, are meeting in Mumbai this week to discuss a course of action as the country's biggest and most powerful industrial house
      607 words
    • 182 15 Bloomberg [BEIJING] Nine in 10 Chinese clothing makers are expanding production, betting on a rise in orders when 40 years of textile quotas expire at the end of the year, according to a survey by Global Sources Ltd. Ninety-one per cent of 205 manufacturers surveyed
      Bloomberg  -  182 words
    • 219 15 Bloomberg [BEIJING] International investors may buy as much as US$l5 billion in bad loans in China in the next three years, said PricewaterhouseCoopers LLP. Overseas investors have earmarked between US$lO billion and US$l5 billion to buy non-performing assets in the world's fastest-grow-ing major economy
      Bloomberg  -  219 words
  • Page 15 Advertisements
    • 95 15 Our qualified professionals j can assist you with offshore structures, shelf companies j^K^UHj and incorporation in ALL British Virgin islands Cayman Islands Bahamas Mauritius Hongkong Samoa Full nominee, management, secretarial, banking and corporate administration services are available. We also specialize in offshore trusts for assets protection estate planning. For further
      95 words

  • ASIA-PACIFIC/WORLD
    • 515 16 Revision stems from a pick-up in the agricultural and services sectors AFP, Bloomberg AFP. [MANILA] The Philippines its economic growth for this year to ignore than 6 per cent after t improved harvests spurred 1 expansion in the third I quarter.
      AFP, Bloomberg; AFP.  -  515 words
    • 389 16 Bloomberg [SEOUL] South Korean industrial production unexpectedly fell in October as creditcard debts forced local households to rein in spending and higher oil prices left overseas consumers with less to spend. Production declined a seasonally adjusted 0.9 per cent from the previous month after a
      Bloomberg  -  389 words
    • 385 16 Reuters [MELBOURNE] Asia-Pacific demand for liquefied natural gas (LNG) will almost double to 150 million tonnes in a decade with a large portion expected to be uncontracted, Australia's top commodity forecaster said yesterday. "There could be up to 76 million tonnes of
      Reuters  -  385 words
    • 36 16 [SEOUL] South Korean union workers clash with riot policemen during a rally in Seoul yesterday. Thousands of protesters from umbrella labour groups nationwide rallied to protest a government-initiated bill on temporary domestic workers. REUTERS
      REUTERS  -  36 words
    • 494 16 [SEOUL] South Korea is considering imposing residency requirements on foreign directors of domestic banks, the Financial Times cited the country's top financial regulator as saying on Sunday. The move could stoke fears of growing antiforeign sentiment in Asia's third largest retail banking
      494 words
    • 247 16 Bloomberg [SEOUL] The South Korean government is barring the entry of plasma display panels (PDP) made by Matsushita Electric Industrial Co less than a month after Japanese authorities halted PDP imports from LG Electronics Inc. The Korean Trade Commission, which falls under Korea's Commerce
      Bloomberg  -  247 words
    • 434 16 The chip will be 10 times more powerful than current ones NYT. Reuters [TOKYO] Sony's next Play Station is more than a year away, but there is plenty of appetite for clues to its enhancements. Yesterday, Sony Corp and its entertainment arm as
      NYT.; Reuters  -  434 words
  • Page 16 Advertisements

  • WORLD
    • 616 17 LATEST US INDICATORS Web sales surge, and retailers' credit card sales rise 9% at weekend Bloomberg [WASHINGTON] Consumers spent US$22.B billion during the four-day weekend, according to the National Retail Federation, a Washington-based industry group that before Thanksgiving predicted sales in
      Bloomberg  -  616 words
    • 501 17 [CHICAGO] E*trade, one of the largest online brokers, will next year launch a trading platform for futures contracts to capitalise on the growing popularity for such instruments outside their traditional users hedge funds, bank brokerages and highly specialised traders the Financial Times
      501 words
    • 412 17 AP [TOKYO] Four Hollywood studios, Paramount Pictures, Universal Studios, Warner Bros and New Line Cinema threw their weight behind Toshiba Corp's next-generation DVD format. In separate statements released yesterday, the US studios said they will offer titles in the HD DVD format
      AP  -  412 words
    • 186 17 Xinhua [ABU DHABI] The oil revenues of the Gulf Cooperation Council (GCC) countries are set to reach US$2O4 billion this year, up 46 per cent over 2003, the WAM news agency reported on Sunday. A recent study released by the Emirates Industrial Bank (GIB)
      Xinhua  -  186 words
    • WORLD WATCH
      • 103 17 Reuters [LONDON] JP Morgan Chase is to cut investment banking jobs in Europe as part of an end-of-year business review, sources said yesterday. The bank employs about 6,000 investment bank staff in Europe and the cutbacks could represent about 5 per cent
        Reuters  -  103 words
      • 109 17 Reuters [LONDON] Manchester United's stock fell sharply yesterday after a report suggested US sports tycoon Malcolm Glazer was poised to abandon his bid for the soccer club. Mr Glazer could walk away from his hostile bid for the world's richest club if he
        Reuters  -  109 words
      • 107 17 Reuters [BOMBAY] The board of India's Kotak Mahindra Bank Ltd has approved an issue of shares representing a 2.75 per cent stake to Warburg Pincus International LLC. The 3.3 million shares will be issued to the New York-based private equity fund at a
        Reuters  -  107 words
    • 482 17 Reuters [PARIS] Known as "Speedy" for his energetic style, French Finance Minister Nicolas Sarkozy has moved closer to his dream of running for president with his election as head of the conservative UMP party. France's most popular right-wing politician in a government
      Reuters; AP  -  482 words
  • Page 17 Advertisements
    • 534 17 IPC CORPORATION LTD (Incorporated in the Republic of Singapore) Company Registration No. *****1057 M NOTICE IS HEREBY GIVEN THAT an Extraordinary General Meeting of the members of IPC Corporation Ltd (the "Company") will be held at IPC Building, 23 Tai Seng Drive, Singapore *****4 on 22 December 2004 at 10.00
      534 words

  • AVIATION
    • 325 18 LAT-WP (DENVER] A charter jet crashed on take-off on Sunday morning from a small airport near Telluride, killing at least two people and injuring NBC Sports chairman Dick Ebersol, his son Charles and an unidentified passenger. The pilot and co-pilot were killed. Another
      LAT-WP; AP  -  325 words
    • 326 18 While best carriers will remain global players, weaker ones will go out of business: BA chief Bloomberg [LONDON] Asian airlines will follow the trend of consolidation in the US and Europe, with the region's weaker carriers going out of business, British Airways chief executive officer Rod
      Bloomberg  -  326 words
    • 290 18 MAS posts 31 higher profit despite increased fuel costs Reuters [KUALA LUMPUR] Malaysia's state-controlled national carrier, Malaysian Airline System Bhd (MAS), reported a 31 per cent jump in second-quarter profit yesterday as increased air travel eased the pain of higher fuel costs. Asia's 10th largest airline by market value posted
      Reuters  -  290 words
    • 257 18 AFP [BEIJING] Experts have decoded two black boxes from a passenger jet which plunged into an icy lake in north China, killing 55 people, but the cause of the accident remains a mystery, according to state media. The flight recorders, including the
      AFP  -  257 words
    • 232 18 AFP [NEW DELHI] India's largest private airline. Jet Airways, said it plans an initial public offering to fund a fleet expansion amid a projected big rise in air travel in the country. "Jet Airways will be floating an IPO. Maybe by the
      AFP  -  232 words
    • 356 18  -  Wotif.com offers discount lodgings in 32 countries By VEN SREENIVASAN [SINGAPORE] Travellers on discount carrier Valuair will now be able to make their hotel bookings via online reservations portal Wotif.com. Valuair chief executive Sim Kay Wee said that the discount carrier's website now
      356 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
    • 266 18 AFP [SYDNEY] Australian discount airline Virgin Blue yesterday said its talks on a new low-cost airline based in Macau remained on track despite rival Qantas' decision to establish a Sin-gapore-based rival. Jetstar Asia, a joint-ven-ture between Qantas and Singapore's Temasek
      AFP  -  266 words

  • SHIPPING
    • 625 19  -  Surge in freight rates could add to the feel-good factor: Baltic Exchange chief By DAVID HUGHES in London THE financial contribution of maritime services to the United Kingdom's economy vastly exceeds researchers' estimates of £1 billion (Ss3.l billion) a year in
      FILE PHOTO  -  625 words
    • 361 19  -  By DONALD URQUHART [SINGAPORE] Swifter, stronger and more effective action by the littoral states in fighting piracy in the Malacca and Singapore Straits was called for by the Federation of Asean Shipowners' Associations (Fasa) during its annual meeting here last week. Delegates from
      361 words
    • 300 19 sgx 'ooo Ho»29 SS W- Vol CH Offshore 0.38 unch 538 Chuan Hup jO.86 0.01 579 Cosco Corporation 1.20 0.03 6424 CWT Distribution .0.55 unch 81 Ezra Hldgs 1.16 0.02 150 Freight Links 0 09 unch 55 Grand Banks Yacht .0.91 unch 0 Java Holdings 1.03 unch 103
      300 words
    • PORT SHOTS
      • 144 19 Bloomberg [DUBAI] The Omani government and Mitsui OSK Lines Ltd, Japan's second-largest shipping company, have received a US$l55 million loan to finance the purchase of a liquefied natural gas (LNG) tanker. Bahrain-based Gulf International Bank for Oman Shipping Co, which is owned by the
        Bloomberg  -  144 words
      • 165 19 Bloomberg [SEOUL] Hyundai Corp, South Korea's fifth- largest industrial group, said it has set up a joint venture with China's Lingshan Ship Engineering Co as orders for new ships grow with increased global trade. Hyundai Corp will invest US$7.4 million and own a
        Bloomberg  -  165 words
    • 269 19  -  By DONALD URQUHART [SINGAPORE] Neptune Orient Lines (NOL) is selling off a little-known segment of its business through the disposal of its stake in a Philippine inter-island container cargo operator. Singapore's largest line and the world's sixth largest container carrier by capacity
      269 words
    • 870 19 Projects include container terminals in Mumbai, Ennore Bloomberg [NEW DELHI] India's government plans to spend at least US$l7 billion to upgrade roads, airports and ports by 2010, in an effort to make it easier for exporters to do business in Asia's fourth-biggest economy. About
      Bloomberg; BLOOMBERG FILE PHOTO  -  870 words

  • EDITORIAL & OPINION
    • 525 20 EDITORIAL 'OUR main challenge today," said Indonesia's President Susilo Bambang Yudhoyono, "is to deepen our economic integration. Why? Two words: India and China." He was speaking at the Asean summit now underway in Vientiane. And his address set the tone for what promises to be a landmark
      525 words
    • 1767 20  -  Singapore's jobless rate will remain fairly high, but fiscal expansion and wage reform aren't the answers By HOON HIAN TECK WITH job losses hogging the news headlines in recent years, a question foremost on the minds of many people might be: "What are my future job
      FILE PHOTO; Source: Hoon Hian Teck  -  1,767 words
    • 642 20  -  THE BOTTOM LINE DAVID PAULY Bloomberg FANNIE Mae, the biggest player in the US$7.6 trillion home mortgage market, should fire CEO Franklin Raines no matter the outcome of investigations into whether the company fiddled with its earnings. The US government, which created
      Bloomberg  -  642 words
    • 1458 21  -  The new Korea-Singapore FTA holds many economic and strategic benefits and also paves the way for wider cooperation in Asia K KESAVAPANY AGAINST a background of economic growth, the East Asian region is poised to create formal arrangements to deepen the level of economic integration
      REUTERS  -  1,458 words
    • 1085 21  -  By JANET HOOK LAT-WP IF US President George W Bush wants to push his plan to overhaul Social Security through Congress during his second term, he will probably have to do something he rarely did during his first term: get his hands dirty.
      LAT-WP  -  1,085 words

  • Page 21 Miscellaneous
    • 266 21 CRYPTIC CROSSWORD A e (7) ACKUbb 5 information sought by drug 1 Currently out of operation squad? (4) (8,3) 6 Precisionist having worry over 9 No end of spicy food for one opt out (7) from Vilnius perhaps (4) 7 pierce fight involving support--10 Come into contact with one ers
      266 words

  • 3773 22 STRAITS TIMES INDEX STOCKS Stodt name Wt dot* Change Stodi Mnn Wt Oom Chang* Allgreen 50c 0.29 1.050 *0.010 NOL 2.12 2 990 -0.010 BIL Intl US20C 0.44 0.950 OCBC 10.06 13.500 *0.100 CapitaLand 1.41 2.120 *0.010 Partway H 25c 0.65 1.400 -0.030 Chart SemiCond 26c 0.79 1.050
    3,773 words

  • 2811 23 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local curr In SS In USS dy yr dy yr dy %yr Nov 26 Index Change Change Change Change Change Change World Index Preliminary 831.1 0.1 6.7 0.1 5.7 0.1_ 9.4 EAfE Preliminary 751.3 -0.2 7.1 -0.1 9.0 -0.1 12.9 Europe Preliminary
    2,811 words

  • Page 24 Advertisements
    • 1573 24 I IMPORT I NORTH AMERICA AUSTRALIA/NEW ZEALAND I lalWMm AUifrn g eVBUBM /mv\ SUPER SHUTTLE cXrHeoS (SBX) ASIA EXPRESS (AAX) r_ I [z i™i -li-It,i FW 1 UK ANGEIiS BMK NW u M/ 11 0 7/12 OMIT A,M U A 15/11 ,7/ H/ 13/11 W/11 /1! KO HiDUOYD SOUTHMVTOM WH7
      1,573 words
    • 830 24 luramu *o*o mevtci vpsa/voT ummm hbghkmj wo «n 10 sn jkt STUAITS VtHTUK /l* IS J.J 2S/1I 27/11 02/12 05/12 07/12 STVAfTS VENTURC /17 15 3.2 W/12 12/12 IA/12 If/12 21/12 STIAITS VEMTUKE 15 3.2 23/12 24/12 30/12 02/01 04/01 [WW ASIA/MNOAI notto SYS VISSa/VOT RMtfffT) HHCHT(M) YOtl KK KMM
      830 words

  • Page 25 Advertisements
    • 933 25 MOl Combines CT a rong« of shipping modes Id ensure fimsly, reliable MrvkH coming major ports in NoHnAiMfica, Europe, Japan, Asia, Africa Oceania. Ms* acctfrt hfro-Asta CfMi Ik lUSAN KWANGYANG SHANGHAI YAMTIAM XIAMEN QMGMO KLAVMN JAXAIHA SUftAMYA KAOttSMIMO MH6BOK LAW CHAiAWG mKHMHWIH NSW wPAIW PBWIft PCtT KHANO For Schedules, BL
      933 words
    • 1337 25 PKG GOIDFN GATE 434N 1/1? I ?/l? 4/1? T| PERTH BRIDGE 068 A 27TF 4/12 I GOLDEN TRADE I4IIN I 7/12 I 8/12 1 10/12 I 1 IT[ I NEW DYNAMIC I 075 A 9/12 11/12 IKUO LUNG 1007N 114/1? I I S/17 1 |-1- 1 T] WTH BUDGE 069
      1,337 words
    • 972 25 |w WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICQ POINTS VESSEI VOY SIM MUMP COiMMO N.SHEVA COLOMRO IMi6AMDMI JflgmL MHQV _JM DiM mpk hm HAJIV GANDHI ***** 07 DK OMIT 12 DEC 15 DEC 18 DEC MiMi JMIL 13PK —LLBE UJK 21 DEC 24 DEC PACIFIC
      972 words

  • Page 26 Advertisements
    • 784 26 UMAM wallenius wilhelmsen website: hllp://www.2wglobal.(om [VESSEL "VOT [RAMP IK MAO HOU« MIA SAV »Al ORE NYC NEW MOI TARONGA AF423 3201 MM 6.25 M I 02/12 25/12 04/01 11/01 12/01 14/01 14/01 11/01 01/01 TAMESIS AF424 3201 mm 6.4 M I 19/12 08/01 19/01 26/01 27/01 31/01 30/01 02/01 23/01
      784 words
    • 664 26 -YBffl ¥21 SH EfiSl JffSSB ¥01 SH JD JSL23SI 0064P 02/12 04/12 MAMMVYA 7 1224 30/11 03/12 MCIANPA 1353H 03/12 03/12 M »IMT*M J2Z4 02/12 05/12 PAC lAMPA 1354N 04/12 05/12 Jltllll U43 04/12 fIZ/12__ TAOAHPA 135SN ***** 06/12~ MAMMY* 2 M 25 07/12 10/12 CSF 2301 fi24s£ am 06/12
      664 words
    • 41 26 Aq, DAWN MTRNATIONAL UNiS tjT RORO A EREAKftULK SERVICE m SIN LOADING FPU: 09/12 CHfTTAOONG, HALDtA, MUMKAI 13/12 DUEAI, JEMI AU 13/12 All AUSTHAUAN tASE POTTS Abo nrnfiHny n»yu— to Lam Chiang and tunpm portt Call: 6266-5515, 6261-*966, 6261-0660 Email: winriolt.on9Mawninfl.com.tg
      41 words
    • 565 26 BSA x MYANMA ■n FIVE STAR LINE (MyaßMw National Um) Loading for Yangon VESSEL VOY SIN Pitt PEN PGU PAGAN 336W SLO SLD HPA-AN 326W SID IN MAUYSIA: BOUSTIAD SHIPPING AGENCIES KUI/PKL 03-*****300 PIN: 04-2633*1S ACCEPTINB CONVENTIONAL CBO HKG SIN HKG SIN PGU PKL KUC CRYSTAL HEART 13 SID SU>
      565 words


  • PROPERTY
    • 381 28 It beats 47 other bids to build the Marina Barrage and Reservoir by 2007 tfOH Brothers Building and Engineering Contractor has clinched a $226 milWon contract from the PubIk Utilities Board (PUB) to tfuild a barrage and reservoir at the Marina area. PUB said
      381 words
    • 240 28 Reuters [HONG KONG] NWS Holdings Ltd and Sun Hung Kai Properties said yesterday they had decided to demolish a brand new housing estate, which they had bought from the government and share joint ownership of, and redevelop it into luxury apartments. Stewart Leung,
      Reuters  -  240 words
    • 269 28 Bloomberg [SYDNEY] Australian shopping malls generated record retail sales in 2004, increasing the bargaining power shopping centre owners such as Westfield Group can charge their tenants, according to UrbisJHD, a retail property researcher. Average revenue at the country's shopping centres increased by
      Bloomberg; FILE PHOTO  -  269 words
    • 191 28 Reuters [LONDON] The number of approvals for British home loans tumbled in October to their lowest in nearly five years, official data showed yesterday, the latest data to point to a rapid slowing in the property market. The Bank of England (BoE) also
      Reuters  -  191 words
    • 581 30  -  The legendary stadium will make way for some 700 apartments, with die-hard fans likely to snap up units, reports VINCE CHONG VINCE CHONG Arsenal Football club (AFC) will build some 700 apartments on the site of its Highbury stadium its home for almost
      ARTHUR LEE  -  581 words
    • 1243 30  -  BT exclusive Owners' reluctance to part with spacious apts and insufficient premium to buy replacement apt may be deterring factors. KALPANA RASHIWALA reports KALPANA RASHIWALA WITH Eng Cheong Towers recently making history for being the first 99-year leasehold private property to be put up for
      FILE PHOTO  -  1,243 words
  • Page 28 Advertisements
    • 140 28 i Businessman of the Year Award Presented to the most deserving individual for outstanding corporate success My Particulars He or she has shown exemplary leadership qualities, and has demonstrated extraordinary business and financial skills. Name Designation i Q Enterprise Award Presented to the small or medium-sized company that has distinguished
      140 words
    • 7 28 CAT.?. Buy It. Sell It. Find It.
      7 words

  • Page 29 Advertisements
    • 525 29 Dawn has arrived over 1,642,500,000,000 times without fail. We can beat that. Because everything revolves around your ETERNUS features a rare combination of high performance IT system, you need the ultimate dependability and flexibility, adapting seamlessly to changes in 1 1 of Fujitsu. The sun has workload while accommodating a
      525 words

  • Page 30 Advertisements
    • 86 30 Prime Redevelopment Site AX. Cr c*" Next to Lavender MRT Station M jH9ff9HHVW9WTHVi simsave Site Area: 40,377 sq ft Victoria —v a •GPR 6.36,24-storey 53 Ir^^N, •Commercial Residential Kallan^ Zonin9 f Prominent frontage; Panaromic view of Kallang Basin \s\ J \i •Close proximity to CBD, PIE, ECP \A vli> and
      86 words
    • 84 30 OFFICE FOR LEASE Buildings Area (sqft) Building* Ar»a (sqft) Caltex House 1,679 50,000 No 1 George St 10,000 30,000 Hitachi Tower 2,131 50,000 Republic Plaza 5,000 30,000 Singland 5,000 14,000 OUB Centre 5,000 26,400 John Hancock Tower 3,100 10,000 UOB Plaza 3. 000 1 0.000 6 Battery Rd 3,000 14,000
      84 words
    • 16 30 I Call our C.A.T.S. hotline at cam. I 1800-289-9988. Buy It. Sell It. Find It. §1
      16 words