The Business Times, 1 December 2004

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Total Pages: 30
1 30 The Business Times
  • 20 1 THE BUSINESS TIMES VfMnfKwjJ l/ICKTIJff *WI SMGAtOftEBscsms onttnt it hMp^Mß)iMS^tim«Mtsial.comjg 11 i *m\m ■win—niim iin iiiiiiijfiiif ii«—iwn ■iiii'mii ifMTMMMMOTMiriWTiiiiiiiiii'iaMMiiitfi MtcA^ozraaoM
    20 words
  • 681 1  -  By ANDREA TAN [SINGAPORE] Temasek Holdings has bought over HDB Corp for an undisclosed sum in a surprise deal announced yesterday. The divestment by the Housing and Development Board (HDB) was sooner than expected; equally surprising was Temasek as the
    681 words
  • 1002 1  -  Company suspends CEO and admits failure to disclose losses earlier By KENNETH LIM (SINGAPORE] China Aviation Oil yesterday announced a shocking US$55O million loss from speculative activities an amount equivalent to its entire market worth. If also said chief executive and managing director Chen JTUlmnas been
    The Sunday Times, August 10, 2003  -  1,002 words
  • 137 1 STI 2,027.66 (-11.06) ST INDEX FUTURES 2,026.00 (-13.00) SIMSO ***** (-1.46) SIMSO FUTURES 240.00 (-1.90) MARKETS Tuesday Change KISECOMP 817.19 +1.29 NIKKEI 225 10,899.25 78.64 HANG SENG 14,060.05 -6.86 SET INDEX 656.73 4.52 JAKARTA COMP 977.76 +13.68 MANILA COMP 1,830.96 +16.86 SEOUL COMP 878.06 +12.66 SHENZHEN B 238.88
    137 words
  • Page 1 Advertisements
    • 203 1 PROPERTY Ho Bee awarded Coral Island for $206 psf of land area i»G4 p i i When we at Saab engineer our i I I P cars, we reach for the stars. Our Only o€t€t\J gives you-an all Oldl team. stylish 9-3 Convertible is the latest to have earned its
      203 words
    • 41 1 MOTORING Large MPVs setting the trend pg2B PARLIAMENT Parliament will be prorogued today. The Ministry of Information, Communications and the Arts said yesterday that the new session of Parliament will be convened with the President's Address on Jan 12 next year.
      41 words
    • 19 1 PROFILE A commerce secretary .|n.\ who knows the business world from bottom to top pgis 111 8 "887 81******4"
      19 words

  • TOP STORIES
    • 633 2  -  ASEAN SUMMIT It will start talks next year on tariff cuts leading to Asean-Japan FTA By CHUANG PECK MING in Vientiane A DAY after China and Asean inked a deal to create an open market of 1.8 billion people by 2015, Japan has
      AFP  -  633 words
    • 562 2  - PSA buy s HK port stake for HK$3b in surprise turnaround Seller is HK firm that outbid it some 10 days ago By DONALD URQUHART [SINGAPORE] For the princely sum of almost HK$3 billion (***** million), PSA International has gained a surprise foothold in Hong Kong's container port, where it
      562 words
    • THREE-MINUTE DIGEST
      • 73 2 IT'S official. It costs only $38 million to have your own private island here. At least, that's the price at which Ho Bee Investment has been awarded Coral Island on Sentosa Cove. And it works out to $206 per sq ft based
        73 words
      • 63 2 CHINA Aviati m .hrtesfthwclosure 'that it faces totkWiftWllWi'fifsses of AJS$550 million from ffpirmlafiYimil i derivative trading and Is on (IliKliflrtfWPfinancial collapse surely takes one's breath away. After this. CAO will join the likes of Barings and Pan-El as one of Singapore's most
        63 words
      • 72 2 JTC Corporation's planned condominium at its huge One-North project in Buona Vista could be marketed as early as next year at a price possibly "higher than an EC (executive condo) but lower than a private condo". JTC chief executive Chong Lit
        72 words
      • 59 2 PHOTON Holdings Bhd. Malaysia's biggest car maker, and auto-parts maker Tracoma Holdings Bhd will begin assembling Proton's Wira model in Indonesia in February. The venture, aimed at boosting overseas salos. will produce 8.000 cars in the first year that will later
        59 words
      • 71 2 CHINA will accelerate the reorganisation and listing of state companies next year as part of efforts to boost efficiency and put more of the world's seventh-largest economy into private hands. The state-owned Assets Supervision and Administration Commission said it will push forward attempts
        71 words
      • 66 2 TENSIONS in India's largest private 'group Bekance over the ownership opct between the two Ambani brothers ftppuftrftdy>qasf as Anil hinted aT reconciliation with elder brother Mukesh over the issue of control. Concerns of a family split grew after Mukesh. the 47-year-old chairman of
        66 words
      • 88 2 DUE to the lack of funds for expansion amid a huge debt burden. Indonesia's national flag-carrier Garuda has acknowledged that it could eventually collapse unless the government allows the airline to refinance its debts. Garuda president Indra Setiawan said that the airline
        88 words
      • 77 2 MOST Singaporeans don't seem to think about their retirement needs loo much and that's a worry. They do not have a retirement plan, according to some bankers. A survey by Ngee Ann Polytechnic in October 2003 showed that half of the
        77 words
    • 625 2  -  By ANGELA TAN [SINGAPORE] The Monetary Authority of Singapore (MAS) yesterday said it would farm out to fund managers an extra $5 billion to be invested in Asian equities and fixed-income markets, ar move widely welcomed by industry players. Goh Chok
      625 words
  • Page 2 Advertisements
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  • COMPANY NEWS
    • 676 4  -  BT exclusive At $206 per sq ft, price is 21% below bungalow plots in Sentosa Cove By KALPANA RASHIWALA It's official. It Jposts only $38 million to •have your own private island here. At least, that's •the price at which Ho Bee
      ARTHUR LEE  -  676 words
    • 576 4  -  HOCK lock siew wong wei kong E ven the mostpessimMNNtf investors in former market darling China Aviation Oil (Singapore) would not have bargained for the shocker that came late last night Sure, the company has been letting the market down over
      576 words
    • 535 6  -  London-listed Courts pic filed for administration over a £280 million loan By KALPANA RASHIWALA COURTS Singapore's Lon-don-listed parent, Courts pic, has filed for administration but it's business as usual for the Singaporelisted retailer as its financing structure is totally independent of its
      535 words
    • 497 6 By JOYCE KOH NEW accounting rules set to come into full effect by next year will tighten corporate governance and create more jobs, but companies will have to struggle with the increased costs and changes first. Industry experts say the standards that are
      497 words
    • 208 6 LISTED Capita Land will launch this week-end its Jellicoe Road condominium, Citylights, at an average price of $590 per sq ft. The 99-year leasehold project, located next to the Lavender MRT station, is targeted at young, trendy and well-travelled homebuyers who appreciate city living.
      208 words
    • 1032 6  -  Value of stocks traded rises, but volume falls By JOYCE KOH IT was an insipid trading month but the total value of the Singapore bourse continued to climb to new heights at end-November boosted by a bumper crop of new listings. The
      1,032 words
    • 309 7  -  It has filed prelim prospectus for Sesdaq listing to raise $10m By CHEN HUIFEN THE Singapore Exchange (SGX) could soon see the addition of another healthcare provider. Thomson Medical Centre (TMC), a leader in obstetric, gynaecological and paediatric services, filed a preliminary prospectus
      309 words
    • COMPANY BRIEFS
      • 56 7 PANPAC Media Group chief operating officer Koo Kok Wing resigned yesterday. Panpac chief executive Ricky Ang told BT that Mr Koo, appointed less than six months ago, is leaving because of health reasons. He said that Mr Koo may not be replaced as the
        56 words
      • 60 7 ASCENDAS Real Estate Investment Trust (A-Reit) has completed a $400 million fund-raising exercise to acquire 13 new properties. A-Reit said yesterday it sold 179.3 million new units at $1.55 each in preferential, retail and private placements. It also sold 78 million new units at the
        60 words
      • 61 7 MEDIA Asia Distribution, wholly owned by Media Asia Entertainment, has struck deals worth HK$llO million (Ss23 million) with Hong Kong Cable Television (HKCTV) and Eastern Broadcasting Company (ETTV). Under the deals, Media Asia will grant the exclusive pay TV telecast rights to its production between
        61 words
      • 37 7 HOTEL Grand Central's deal to sell its Chancellor Resort at Methven in New Zealand was declared unconditional yesterday. The buyer is Covington Group, which will pay NZ$l.B5 million (552.2 million) in cash.
        37 words
      • 47 7 CONSTRUCTION group LBtM Investments has reported a net loss of $26.5 million for the full year ended Sept 30, on revenue of $128.9 million. It has attributed the results to cost overruns in certain projects due to tight cash flow.
        47 words
    • 349 7  -  It comes up with new offering for loyalty schemes By ROLAND LIM SESDAQ-LISTF.D Startech Electronics Limited (SEL) is trying to reinvent itself from a loss-making electronics manufacturer, into an e-solutions provider with its suite of Transaction Relationship Management (TRM) solutions. Startech managing director Lim
      349 words
    • 349 7  -  By VINCE CHONG MAINBOARD-LISTED Japan Land plans to borrow up to 2.3 billion yen (5536.6 million), as well as issue bonds, to finance a 68 per cent stake purchase in Katsumi Housing Corporation estimated to cost over 4.1 billion yen including
      349 words
    • 377 9  -  Contracts to design and build two petrochemical plants in Iran By WONG WEI KONG SEMBCORP Industries' (SCI) engineering arm has won another major contract in the Middle East this time in the petrochemicals sector to add to a property deal it clinched earlier in October.
      377 words
    • 299 9  -  By NANDE KHIN NEWLY-LISTED China Sun Bio-Chem Technology Group has posted 5.4 per cent growth in net profit to 33.6 million renminbi (556.72 million) for the third quarter of the calender year. Turnover came to 156.7 million renminbi. For the nine
      299 words
    • 319 9  -  By CHEN HUIFEN HEATING equipment maker Devotion Eco-Thermal is venturing into the China energy market with a 22 million yuan (554.3 million) contract to supply valves for a liquefied natural gas (LNG) pipeline project. The deal, won through an open-bidding process, is expected to
      FILE PHOTO  -  319 words
    • 233 9 FRUIT and vegetable wholesaler FHTK Holdings said yesterday that it will feel the strain on its working capital in January 2005 when it starts repaying its banker. The company said its banker has asked the group to repay its 174 million
      233 words
    • 264 9 Source: The Monetary Authority of Singapore NUMBER CLOSING GROSS MATURITY YEAR RAISED COUPON AMOUNT INTEREST OF DAYS OF PRICES* REDEMPTION DATE RATE (Sm) PAYMENT ACCRUED (EXCLUDING YIELD ISINCODE p.a.) DATES INTEREST ACCRUED INTEREST) (%p.a.) 01.02.2005 N*****0X 2000 4 4600.00 1/8
      Source: The Monetary Authority of Singapore  -  264 words
    • 394 9 Increase despite slowing demand, inventory build-up Reuters (HONG KONG] TPV Technology Ltd, the world's sec-ond-largest maker of computer monitors, said yesterday that its thirdquarter profit rose 46 per cent from the year-ago period. despite slowing demand and inventory pressure. TPV, which
      Reuters  -  394 words
  • Page 4 Advertisements
    • 324 4 Standard Poor's is the world's pre-eminent provider of independent financial information and analytical services, with 40 around the world, including nine in the Asia-Pacific region. continued growth in business activities in the region, Poor's would like to invite a high caliber professional to in our Singapore office in the Structured
      324 words
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    • 7 4 I i^H '•MM al Tjf- c*+mrnm JH|
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    • 24 4 Kj^wW—~jg^jWiijwiHp]m^^^B 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.
      24 words

  • Page 5 Advertisements
    • 964 5 m*~~ mm I ftHfl J F frpp ifipiri '^BPrjfci l iit^^, t y t^ ;< HIM »wm<satf <a t <a IB II t I 1 B I ■■V" I #1 I I IVI r 1 f I J I 1 I \w E I Ly J Real Estate Investment Trust
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  • Page 6 Advertisements
    • 359 6 JV V* v > .*«jpjjjj 0 LIQUIDATOR'S ANNOUNCEMENT ON THIRD INTERIM DISTRIBUTION TO SHAREHOLDERS OF ALEXANDRA HOLDINGS LIMITED (IN MEMBERS'VOLUNTARY LIQUIDATION) Co. Reg. No. *****0017 D The Liquidator of Alexandra Holdings Limited (In Members' Voluntary Liquidation) is pleased to announce that a third interim cash distribution of 550.25 per ordinary
      359 words

  • Page 7 Advertisements
    • 198 7 Call toU-frte 1800 289 8822 Eaail: «otica^!ipfc.ioa.sg In The Matter Of The Companies Act, Cap. 50 And In The Matter Of HOCK CHUAN ANN CONSTRUCTION PTE LTD Reg. No. *****0728 M NOTICE OF CREDITORS' MEETING PURSUANT TO SECTION 296 OF THE COMPANIES ACT, CAP. 50 NOTICE IS HEREBY GIVEN that
      198 words
    • 31 7 We've made a haul! <iil Share the good news with your investors Releasing a financial statement? Call 1800 289 8822 or email notices@sph.com.sg to book your advertisement in our newspapers now.
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    • 162 7 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 vision. At Pioneer Investments our formula for achieving investment success is the combination of talented investment professionals directing our business with specialists collecting and analysing market
      162 words

  • SINGAPORE MARKETS
    • 873 8  -  CURRENCIES Host of factors increasingly point to upside correction LARRY WEE Senior Correspondent AFTER plunging to fresh multi-year lows yet again over the past week, the US dollar may finally get its best chance in two months for a decent correction this
      873 words
    • 173 8  -  Compiled by KENNETH LIM y >3R v- y Keppel Corp Nov 30 dose; $&05 DBS VICICERS RESEARCH, Nov 30 KEPPEL has announced the sale of its stake in MKE Engineering to Sumber Amantech Sdn Bhd for RM2.5 million (Ssl.l million). The deal Is expected to be completed in QlO5.
      173 words
    • 404 8  -  STOCKS TEH HOOI LING Senior Correspondent CHINA plays tumbled like dominoes yesterday following vague talk that the Singapore Exchange may be checking traders' net positions in China Aviation Oil (CAO). "It may be just a routine examination but some traders are cutting positions in other
      404 words
    • TRADES TO WATCH
      • 88 8 SPH CEO sells 173 ,OOO shares on open market SINGAPORE Press Holdings chief executive Alan Chan has sold 173,000 shares on the open market, leaving him with just 39,500 shares, an insignificant percentage of the media giant's share capital. Mr Chan sold 70,000 shares last Wednesday at about $4.68 each,
        88 words
      • 48 8 BRILLIANT Manufacturing executive director Koh Swee Yong bought 220,000 shares on the open market on Monday at 65 cents apiece, raising his stake to 12.23 per cent from 12.19 per cent. Brilliant shares slid two cents yesterday to finish at 61.5 cents.
        48 words
      • 104 8 SOUTHERN Packaging chief executive Pan Shun Ming bought one million shares of the newly listed company on the open market yesterday, but the company's announcement to the Singapore Exchange last night did not disclose the price at which those shares were bought. Mr Pan
        104 words
      • 113 8  -  Compiled by KENNETH LIM A FAMILY trtist bought one million shares of Cheung Woh Technologies, or a 0.38 per cent stake, raising the deemed shareholdings of three Cheung Woh directors to 5.72 per cent from 5.33 per cent. The shares were bought on the open
        113 words
    • 231 8  -  CHART POINT By LIM SAY BOON OCBC Investment Research AFTER spending the past week in a narrow range, the Straits Times Index (STI) is sending out hints of the possibility of higher levels. Readers may recall that over recent weeks, we have been
      Source: Bloomberg  -  231 words
    • Article, Illustration
      418 8 OTHER SINGAPORE INDICES Nov 30 VALUE CLOSE BT OB/OS -115.00 -20.00 BT CADI -*****.00 -107.00 BT 10-day MA -*****.00 -11.00 All-SG Equities 519.38 -2.79 SGEquities Elect 156.77_ -0.40 SG Equities Fin 1593.31 -11.75 SG Equities Prop 510.22 -8.52 SIMSCI 240.51 -1.46 SiMSCI Futures 240.00 -1.90 Clob MOST ACTIVE STOCKS VOLUME
      418 words

  • Page 9 Advertisements
    • 250 9 BUSINESS I FINANCIAL MANDARIN I FOR I The remarkable success of Swiss banks is due in great part to their centralized j location in Europe and to their staff's proficiency in the major languages of Europe French, German, Italian and English. The Swiss banks serve as a role model to
      250 words

  • SINGAPORE NEWS
    • 538 10  -  Prices at One-North project may fall between those for ECs and private condos By VINCE CHONG JTC Corporation's planned condominium at its huge One-North project in Buona Vista could be marketed as early as next year at a price possibly "higher
      538 words
    • 540 10  -  By NANDE KHIN OVER 100 Singapore-based manufacturers of electrical and electronics products have benefited from a onestop scheme that allows for the mutual recognition of certification of such goods in five countries Singapore, Japan, China, Korea and Taiwan, said Henry Heng, CEO of PSB
      540 words
    • 277 10 SIPMM chief wins award from int'l body SINGAPORE Institute of Purchasing Materials Management chief executive Professor Philip Poh has been named the winner of this year's Garner-Themoin Award by the International Federation of Purchasing Materials Management (IFPMM). This is the first time a Singaporean has won this award
      277 words
    • 461 10  -  By VINCE WEE THE $2.2 million that the Singapore Tourism Board will fork out to sponsor a yacht, to be called Uniquely Singapore, in the Clipper 2005-06 Round the World Yacht Race is worth every cent of it. STB chief executive Lim Neo
      461 words
    • 361 10  -  By RONNIE LIM LIQUEFIED natural gas (LNG) that can be shipped in from anywhere will open up new gas supply opportunities for Singapore, which currently pipes LNG from Indonesia and Malaysia, says a member of a consortium shortlisted for a study here. "The
      361 words
    • 312 10 SINGAPORE households using piped gas could see their utilities bills go up this month as City Gas has announced an increase in gas tariffs of 0.47 cents per unit, starting from today. City Gas, the main supplier of town gas to HDB
      312 words
    • 217 10  -  By DANIEL BUENAS ALTHOUGH Singapore fully supports international and regional efforts to fight terrorism and cross-border crime, it won't entertain "spurious requests" such as attempts by foreign countries to fish for banking information, Senior Minister Goh Chok Tong said yesterday. Speaking at a Monetary Authority
      217 words
  • Page 10 Advertisements
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      154 words

  • ECONOMY WATCH
    • 707 11  -  But psychological impact of oil price hike could derail forecast, it says By ANTHONY ROWLEY in Tokyo EXPANSION of the global economy has slowed under the impact of sharp rises in oil prices but real GDP in the 30 mainly developed economies of the Organisation
      Source: OECD Economic Outlook 76 database  -  707 words
    • 326 11 Bloomberg [VIENTIANE] Chinese Premier Wen Jiabao said speculation about when the government might change the yuan's peg to the dollar makes it more difficult to alter the nation's currency system. "To be frank, it's not possible to launch~<shanges to the yuan
      Bloomberg  -  326 words
    • 329 11 Reuters [WASHINGTON] America has not changed its strong dollar policy and still expects China to make its own currency more flexible, a Treasury official said on Monday, shrugging off comments from Beijing that had jolted markets. "Our policy is for a strong dollar
      Reuters  -  329 words
    • 662 11  -  By PAULINE NG in Kuala Lumpur THE Malaysian economy grew 6.8 per cent in the third quarter, taking the real gross domestic product (GDP) expansion in the first three quarters of the year to 7.6 per cent. Quarter-on-quarter growth came to 2.9 per cent.
      AFP FILE PHOTO  -  662 words
    • 362 11 AP. Bloomberg. Reuters [WASHINGTON] Brisk consumer and business spending helped the US economy grow at an annual rate of 3.9 per cent in the third quarter, a performance that was stronger than previously thought. The new reading on GDP, which is based
      AP.; Bloomberg.; Reuters  -  362 words
    • 548 11 Bloomberg [TOKYO! Japanese factory production unexpectedly fell, households cut spending and the unemployment rate rose in October, suggesting that a recovery in the world's second-largest economy is faltering. Stocks and the yen fell yesterday. Industrial production had the largest drop in eight months, falling
      Bloomberg  -  548 words

  • MALAYSIA/INDONESIA
    • 492 12 It aims to capitalise on Indonesia's market boost overseas sales Bloomberg [KUALA LUMPUR] Proton Holdings Bhd, Malaysia's biggest carmaker, and au-to-parts maker Tracoma Holdings Bhd will begin assembling Proton's Wira mtjdel in Indonesia in February. The venture, aimed atp Roosting overseas
      Bloomberg; AFP  -  492 words
    • 399 12 Bloomberg, Reuters [KUALA LUMPUR] Telekom Malaysia Bhd, Southeast Asia's second-largest phone company, may invest in Indonesia as part of a new strategy aimed at focusing on overseas markets that are geographically close to its home. It said this in a statement in response
      Bloomberg,; Reuters  -  399 words
    • 362 12 Bloomberg [KUALA LUMPUR] Sime Darby Bhd, Malaysia's biggest diversified group, said yesterday that first-quarter profit rose 3.7 per cent as higher earnings from its palm oil, auto and heavyequipment units countered a drop in its energy and property businesses. Net income rose to
      Bloomberg  -  362 words
    • 281 12 Reuters (JAKARTA] The Indonesian government has urged state oil firm Pertamina to renegotiate with ExxonMobil Corp the development of oil reserves in Java, Mines and Energy Minister Purnomo Yusgiantoro said on Tuesday The Cepu block is covered by a technical assistance contract between ExxonMobil
      Reuters  -  281 words
    • 448 12 Reuters (KUAIj\ LUMPUR] Malaysia has inserted tough new conditions in a deal to privatise some coveted water utility assets, a move analysts said could set a benchmark for other sales of key state assets. The government, set to award the multi-billion dollar deal
      Reuters  -  448 words
    • 296 12 Bloomberg (KUAI.A LUMPUR] Genting Bhd, Asia's biggest publicly traded casino group, said third-quarter profit declined 5.7 per cent as it paid out more in winnings to gamblers at its resort near Kuala Lumpur. Net income fell to RM241.3 million (*****.1 million in
      Bloomberg  -  296 words
    • 4 12
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  • GREATER CHINA
    • 571 13 AFP [HONG KONG] At a time when the luxury goods trade is piling into China, Shanghai Tang, one of the best-known Chinese clothing brands, aims to spread worldwide with a doubling of its overseas stores and a new line in kung fu
      AFP; PHOTO: AFP  -  571 words
    • 386 13 Move is part of efforts to put economy into private hands Bloomberg [BEIJING] China will accelerate the reorganisation and listing of state companies next year as part of efforts to boost efficiency and put more of the world's sev-enth-largest economy into private hands.
      Bloomberg  -  386 words
    • 386 13 Reuters [SHANGHAI] China is considering rules for commercial banks planning to set up mutual fund ventures to intensify risk control and attract foreign participation in the debt-ridden banking sector, state media said yesterday. The new rules, which include limiting the number of fund
      Reuters  -  386 words
    • 266 13 Order cancelled just days after contract was awarded Bloomberg [BEIJING] Beijing's municipal government cancelled an order for Microsoft Corp computer software following official complaints that local governments aren't buying enough domestical-ly-developed software. Beijing's government procurement office changed its mind about buying 29.25
      Bloomberg  -  266 words
    • 537 13  -  CHINA INSIGHT China-Asean ties grew much stronger this week JEAN CHUA Reporter AFTER years of negotiations and hiccups, it's official: China and Asean are on their way to creating the world's largest free trade area (FTA) by 2010 a market of close to
      537 words
  • Page 13 Advertisements
    • 44 13 The Leader in Applications Windows Management Quest Software Is Here in Singapore JJf Microsoft. Quest Software Singapore Pte Ltd Hff I 9 Penang Road #08-06 Park Mall Singapore *****9 ■w% tk. m ni"» M Tel: 6720-2601 Fax: 6720-2655 www.Quest.com OUr I jfjLAvF WWVU/TA WINNER
      44 words

  • INDIA
    • 318 14 US$1.75b limit applies only to govt debt, says regulator Reuters [BOMBAY] India's capital markets regulator said on Monday that a US$l.75 billion limit on debt purchases by foreign institutional investors (FIIs) would exclude corporate debt. "Investments by the FIIs through 100 per cent
      Reuters  -  318 words
    • 313 14 Bloomberg [NEW DELHI] India's trade with Pakistan almost trebled in the four months to July 31 following an improvement in relations after the nuclear-armed. South Asian neighbours came close to a fourth war with each other in 2002. Trade between the two
      Bloomberg  -  313 words
    • 640 14 RELIANCE SAGA Anil appeals to staff to help his brother and him keep the company on a steady course AFP. Bloomberg [BOMBAY] Tensions in India's largest private group Reliance over the ownership spat between the two Ambani brothers appeared to ease as Anil
      AFP.; Bloomberg; AFP  -  640 words
    • 596 14 Bloomberg [MUMBAI] India's central bank asked the nation's banks to guard against the risk of adding new bad loans as consumers, companies and farmers borrow more. Banks should put in place improved risk management systems as they diversify their customer base, once dominated
      Bloomberg  -  596 words
  • Page 14 Advertisements
    • 144 14 P% fn car? f. SCall our C.A.T.S. hotline at c.a.t.s. 11 1800-289-9988. Buy It. Sell It. Find It. Lianhe Zaobao B Not I upbeat I I about I I economy I year, g|l I SMEs want g I I rental rebates jjj I Ito continue in I No more wet
      144 words

  • ASIA-PACIFIC/WORLD
    • 471 15 Top exec says he will review all past transactions to check for breaches Bloomberg, Reuters ITOKYOI Citigroup may have to make significant compensation payments to customers who lost money after its private banking division was ordered to be closed by regulators in September over
      Bloomberg,; Reuters  -  471 words
    • 401 15 Reuters [BANGKOK] Thailand's exports rose more than expected in the year through October to a record of almost US$9 billion, but industrial output increased at a slower rate than expected, Bank of Thailand (BOT) data showed yesterday. Exports rose 22.1 per cent in the
      Reuters  -  401 words
    • 54 15 [MANILA] Filipino passengers waiting 'atop a bus after being stranded by flash floods caused by typhoon Winnie in Gapan Nueva Ecija province, north of Manila, yesterday. At least 334 people were killed after flash floods and landslides devastated several coastal towns and left parts of northern Philippines under
      REUTERS  -  54 words
    • 318 15 Bloomberg [BANGKOK] Krung Thai Bank Pel, Thailand's second biggest lender by assets, may reclassify some loans as performing credits next month after it completes a review of all outstanding loans, bank president Apisak Tantivorawong said. The loans to be reclassified as performing will
      Bloomberg  -  318 words
    • 454 15  -  ASEAN SUMMIT Singapore and Thailand say 2020 target deadline is just too far away By CHUANG PECK MING in Vientiane SINGAPORE, along with Thailand, has made another push to bring forward the target date for an Asean economic community. "$O2O is a very long time
      454 words
    • 423 15 Reuters [LONDON] Some top UK firms may face severe financial problems, and many retirement schemes linked to final salaries may be axed if British lawmakers harshly apply a forthcoming EU pension-fund-ing rule, a senior consultant said. Companies may suffer if
      Reuters  -  423 words
  • Page 15 Advertisements
    • 2181 15 ■Hl3n9|piH| Call 1011-free 1800 289 8822 j*jj- noticegspli uim.^ IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF SUNSHINE INVESTMENTS PTE LTD (Co. Reg. No. *****0108 M) NOTICE OF RESOLUTIONS FOR MEMBERS' VOLUNTARY WINDING UP (PURSUANT TO SECTION 290) At an Extraordinary General Meeting of
      2,181 words

  • WORLD
    • 634 16 The deal calls for a one-time payment of up to three years of salary and bonus NYT [NEW YORKI With its stock plunging and its ability to thrive as an independent company uncertain, the drug giant Merck has adopted a plan that will give
      NYT  -  634 words
    • 583 16 Board members will vote today to replace him LAT-WP [SACRAMENTO, California] The head of the California Public Employees' Retirement System said on Monday that he was being ousted from the board where his efforts to use its US$l77 billion investment portfolio to push
      LAT-WP  -  583 words
    • 928 16 PROFILE Bloomberg PRESIDENT George W Bush on Monday nominated Kellogg Co chairman Carlos Gutierrez as commerce secretary, picking a Cuban refugee who rose to the top of the biggest US cereal maker as the chief advocate for American business. Mr Gutierrez,
      Bloomberg; REUTERS  -  928 words
    • 428 16 [LONDON] Deutsche Bank has advised Russia's statecontrolled gas monopoly Gazprom to buy several of the largest private domestic oil companies a recommendation analysts told the Financial Times that would take the Russian economy back to its Soviet past. Deutsche Bank, hired by
      428 words
    • 350 16 AP UNITED Nations (UN) Sec-retary-General Kofi Annan said on Monday he was "very disappointed and surprised" that his son received payments until this February from a firm that had a contract with Iraq's oil-for-food programme which is under numerous corruption investigations. Mr Annan told
      AP  -  350 words

  • AVIATION
    • 364 17 Indonesian carrier seeks debt refinancing to avoid bankruptcy Xinhua [JAKARTA] Due to the lack of funds for expansion amid a huge debt burden, national flag-carrier Garuda Indonesia has acknowledged that it could eventually collapse unless the government allows the airline to refinance
      Xinhua; FILE PHOTO  -  364 words
    • 500 17 Reuters [HONG KONG] Air China aims to save up to one billion yuan (Ssl9B million) by 2007, or 2 to 3 per cent of its operating costs, partly through stepped-up hedging of fuel purchases, fund managers said on Monday. Investors learned
      Reuters  -  500 words
    • 459 17 Bloomberg [VIENTIANE] Air Asia Bhd, Southeast Asia's biggest discount airline, plans to start flights to China in February, expanding outside of Southeast Asia, as it prepares to face competition from as many as eight lowcost rivals. The airline will start flying
      Bloomberg  -  459 words
    • 341 17 Bloomberg I BANGKOK) Thai Airways International, the country's biggest carrier, had a 75 per cent drop in fiscal fourth-quarter profit as fuel costs soared. Net income fell to 1.25 billion baht(Sss2 million) in the three months ended Sept 30, from 5.06 billion
      Bloomberg  -  341 words
    • 673 17 Plane repossessions in US are likely to become more common as Europe, China demand gives leasing firms the upper hand LAT-WP HEY, where's my aircraft? At the airport, you hear all of the usual explanations: bad weather, mechanical difficulties, no crew available.
      LAT-WP; BLOOMBERG FILE PHOTO  -  673 words
    • 385 17 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
  • Page 18 Advertisements
    • 346 18 ■■TpnpPIIH Call toll-fret 1800 289 8822 l^jotices@sph^com^s^^ INTRA-ASIA DISCUSSION AGREEMENT (lADA) RATE RESTORATION BUSINESS PLAN FOR 2005 In order to maintain a high standard of service to their customers, the member lines of the Intra-Asia Discussion Agreement (lADA) covering trade between all intra-Asia origins and destinations wish to inform the
      346 words
    • 178 18 j^j|22^^jJj|j^^^^vertis^c^htolHreMBO^B^B2^^mail^otlceso»pjKcomjSg FAR EASTERN FREIGHT CONFERENCE (FEFC) 1 JANUARY 2005 RATE RESTORATION The Member Lines of the FEFC had in end October 2004 announced the FEFC Business Plan for 2005 for Asia (excluding Japan) to North Europe and Mediterranean of USD 1 50 per TEU on 1 January 2005. At a
      178 words

  • Page 19 Advertisements
    • 27 19 More Choices for RORO Breakbulk Services to Middle East India For more information, please refer to the 3rd Page of Shipping Times, I DAWM UrrmmTlOML UHES J
      27 words
  • THE BUSINESS TIMES SHIPPING TIMES
    • 1305 19 12/12 17/12 BTL TIGER SEA 241N (*****22 1«12 1*12 Tote AYUMAS SAMUDERA 8 *****144 12/12 17/12 SO MACAW 098W *****3S5 14H2 16/12 Tote BLOSSOM PESCADORES 9 *****144 13/12 11/12 Dongnaiu TIGER SEA 241N *****211 15/12 16/12 NYK SUMIRE 144N/S *****123 14/12 21/12 m TIGER
      1,305 words

  • EDITOR AL & OPINION
    • 530 20 EDITORIAL EVFN as Singapore's jobless rate finally budged in the third quarter, in the right direction, one group of workers of both the blue and white-collar categories continue to vex and challenge policy-makers. These are the "chronically unemployed" those who have been jobless for at least six
      530 words
    • 1037 20  -  US, international politics will make it tough for Mr Bush to reduce the budget deficit LEON HADAR Washington Correspondent fACCORDING to several news reports, US President George W Bush and his advisers invited heads of leading Wall Street investment banks to the White House recently
      AFP; REUTERS  -  1,037 words
    • 828 20  - Anew Plaza Accord —or something much worse? THE BOTTOM LINE ANTHONY ROWLEY Tokyo Correspondent "THK avalanche is coming," thundered William ReesMogg, erstwhile editor of the The Times of London, in that venerable newspaper the other day. He was not alerting skiers to imminent danger but rather warning that the world
      828 words
    • 2393 21 We reproduce below excerpts of an address by Goh Chok Tong, Senior Minister and chairman of the Monetary Authority of Singapore, at the MAS staff seminar MAS has three main priorities in the near term and has mapped out several approaches to meet them THIi MAS
      AFP FILE PHOTO  -  2,393 words

  • Page 21 Miscellaneous
    • 272 21 CRYPTIC CROSSWORD Author's earnings made from connections to ruling family? P| I I I I I I 8 Fellow, one with a sort of ob- HI session (5) |HH»— 10 Gold title at front of scrip- I I I I I tures, something L^J—^ end of gala (4) 13 a
      272 words

  • 4216 22 STRAITS TIMES INDEX STOCKS Stodt name Wt Close Change Stock name W1 Close Change Allgreen 50c 0.29 1.040 -Q.Q1Q NOL 2.10 2.950 0 040 BIL Intl U520c 0 44 0.950 OCBC 10.03 13 400 0 100 CapitaLand 1 38 2.070 0 050 Parkway H 25c 0.65 1 400
    4,216 words

  • 2882 23 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local curr In SS In USS dy yr dy yr dy Syr Nov 29 tod«» Chang* Change Change Change Change Change World Index Preliminary 827.9 -0 3 6.3 _-04 -0.3 9.0 tEAFE Preliminary 753 4 0.3 7.4 02 93 04 J 33
    2,882 words

  • Page 24 Advertisements
    • 1728 24 1 TO USA/CANADA EXPORT OTHER DESTINATIONS I I VESSEL IVOYIPKG ETA SIN LONG BEACH! DALLAS HOUSTON MEMPHIS CHICAGO NEW YORK TO AUSTRALIA (AUSTRALIA ASIA EXPRESS) P&O NEDLLOYD KOBE 44E49 OMIT 02/12 18/12 24/12 25/12 23/12 23/12 26/12 VOy"" PKG fßf ttlF MEL """"MM. LOS ANGELES EXPRESS 10E50 OMIT 07/12 24/12
      1,728 words
    • 71 24 UK CONTINENT SERVICE Loading for LOK PRAKASH RTM/ATW/BMN/UK/NAN Loads Singapore, EVW. Malaysia, Indonesia MIDDLE-EAST SERVICE Loading for PAN VOYAGER ADN/HDD/JDH/AQA GOLDEN SUN DBI/ABU/DOH/BRN/DMM/KWT J FRIEND DBI/ABU/DOH/BRN/DMM/KWT "Loads Singapore, EVW. Malaysia, Indonesia USA SERVICE Loading for MAHARASHTRA CAM/NFK/SAV/NOL SIFNOS BAY CAM/NFK/SAV/NOL 'Loads EVW. Malaysia, Indonesia F.E./S.E.A. SERVICES S pore Loading for
      71 words
    • 1006 24 IINTERASIA RORO SERVICE VBSa/VOY RAWWKT) HBGHT(M) HtG K(H IP I MN I JKT STRAITS VENTURE /1A IS 3 2 25/11 27/11 02/12 05/12 07/12 SIRAITS VENTURE /17 IS 3.2 09/12 12/12 14/12 19/12 21/12 STRAITS VENTURE /1« IS 3.2 23/12 26/12 30/12 02/01 04/01 [WIST ASIA/BENGAL RORO SV$ VESSEL/VOY RAMPfIIT)
      1,006 words

  • Page 25 Advertisements
    • 586 25 For Schedules, BL Searches, and Container Tracking visit on our Home Page: www.moUhucom.i9 wHtlwnfcinwd.«« H UP! HMfMYBBWBI Iwtti Hatettfltftt-att «s*»s«vm(KPog u** H*fc« it» hhmm m EU atttt r sam FITT'Tf id—l «W IVII H/»l nfll tl/ll Ml 101 H/ll IV»1 <ba*k|iaa|ilJMqMhW JM Vmvnumm *****8 ffisr& fr" Iff T H i™
      586 words
    • 1140 25 resa wt Tit TronpHHTitt m ws rasa yot sin jkt sub hkg usm pus HTWOK ms 2/1? VI? f/» 11/1213/1? IS/1? IS/1? MTCSHAM6HAI 414S S/l? l/l? »/l? 14/1? 18/1? H/1? HTHUDWCTX ISIS f/1? 11/1? lj/1? 11/1? ?0/l? KMT(POTKELAM6 412S 12/1? IS/1? 14/12 21/12 25/12 ?t/12 MTPtOGCSS lows iyi? IS/l?|?»/l?l??/l?|?4/l??«/l??t/l? KMTCSIMGAPOUE
      1,140 words
    • 896 25 WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICQ POINTS VBSQ VOY SW fJtIANG COtOMIO It SHIVA COUNMO HGAMDMI MMW 30NW OMIT 05DK OHDK lIDK lAJIV6ANDHI OOWW 07 OK OMIT 12 DEC 15 DEC II DEC MiMfiO 004W 13DK 15 DEC HDK 21 DEC 24 DEC mane
      896 words

  • Page 26 Advertisements
    • 793 26 U||A# wallenius wilhelmsen website: http://www.2wglobal.tom VESSEL ~VOY RAMP HEIGHT SIN IBC MAO HOU» MIA ~~SAV~~ BAL ~QRF~ NYC NtW MOB TARONGA AE423 320T0«$ 6.25 M 02/12 25/12 04/01 11/01 12/01 16/01 14/01 18/01 08/01 TAMESIS AE424 320 Tons 6.4 M 19/12 08/01 19/01 26/01 27/01 31/01 30/01 02/01 23/01 TAMPA
      793 words
    • 1569 26 J2SSB vor sin PS! jffSHi w sin jai 2301 OOMP 02/12 04/n AIAMMTA2 8524 30/11 03/12 JACJANDA 13S3M 03/12 03/12 PAC tINTAN 927* 07/17 01/ i? PACIANDA 1354N 04/12 05/12 -EALIALJ 4143 M/i? -jffm P*< »ANDA 1355N 05/12 06 /1? ALAMJAYA 2 <925 07/12 10/12 ttf 2301 05/12 06,12 PAC
      1,569 words
    • 666 26 BSA x MYANMA n FIVE STAR LINE (Myanmar National Line) Loading for Yangon VESSEL VOY SIN PKL PEN PGU PAGAN 336W SLO SID HPA-AN 326W SIO IN MALAYSIA: BOUSTEAO SHIPPING AGENCIES KUL/PKL 03-*****388 PEN: 04-*****15 ACCEPTING CONVENTIONAL CBO HKG SIN HKG SIN PGU PKL KIK CRYSTAL HURT 13 SU> SID
      666 words

  • Page 27 Advertisements
    • 1591 27 /V /I S pore Agents ML Shipping Agency (S) Pte ltd (CR NO: **********0Z) YmV (I I HO Cm* Street, #11 -03 Bonakok Bonk Building Singapore *****6 crnterasia JL,ineS Tel: 6323 6466/77 Fox: 6323 6433 Website: www.literasi.liies.cna SUPER EXPRESS SERVICE TO HONG KONG &JAPAN VtSSIt vor OSK KOB SMZ TYO
      1,591 words
    • 1213 27 nr\ I IIVICC IUUBI: IE: 4J21-133JHU: 4221-5272 I /rsy lUL LI 111 EI W CUSTODIER SBVW:m:622I-55»6 FAX: t227-«l»0 I SINGAPORE: TOH6 XK) SHIPPING PTE LTD oTmO^ E it k#ok "9 J i sto t 9 Wek ,t: www.pdihws.com I _tIGULAJCOIITAIHIRISIDSIJVICISTO^ Ivtssa VOT ETASIH KOI VtSStl ~VoT [TASK "silU VESSEL VOT
      1,213 words
    • 544 27 05-07/12 12 13/12 1 ■HWfffll TIGER WAVE 738N 30-01/12 07-09/12 14 15/12 HUSUIiUI TIGER PEARL 239N 04 05/12 10 12/12 18 1 9/12 TIGER SKY 240N 07-08/12 14 16/12 21 22/12 ■■■■■TIGERSEA 241N 12 13/12 17 19/12 2526/12 I Pm TIGER WAVE 242N 14-15/12 21 23/12 28-29/12 WrwTTTiaAfHiFVFR 161 02-03/12
      544 words

  • MOTORING
    • 575 28  -  Luxury MPVs are a small but growing niche market, says SAMUEL EE SAMUEL EE A SMALL but growing market in grand luxe MPVs has emerged, but some authorised distributors so far appear content to let parallel importers satisfy this niche market. A grand luxe MPV is a
      575 words
    • 571 28  -  By SAMUEL EE KVKN as Stamford Tyres reaps the benefits of producing its own SSW brand sports rims, the listed company is already planning the next phase of its rise from mere distributor of tyres and rims, to bona fide manufacturer
      WILLIAM WHEY  -  571 words
  • Page 28 Advertisements
    • 151 28 P THESE 2 QUESTIONS COULD WIN YOU A SINN TIMEPIECE: Name NR,C: Age Sex:M/F Occupation 1 How much magnetic field protection does Sinn Model 756 have? Address: Tel: Email: i i 1 Please mail your entry to: The Business Times/The Hour Glass Contest, Locked Bag 009, Macpherson Road Post Office,
      151 words

  • EXECUTIVE MONEY
    • 110 29  -  m Chua Boon Lee A weekly highlight of the top fund sectors over a 12-month period. Data from Standard fcwr's Fund Services. WMBS x vSin pRpMHOHi IfIMvVnGV wfwfln^ MaiHHHßi?' <■ TOT INOntn IwWwwH"BW WWWfI By I iL Ll-M-s.m A.U..1 WWvWB UfflMlflMi B wNR mm wWE|p||p§lKM* \i r
      110 words
    • 1104 29  -  For some companies which are filing tax returns in non-Sing dollar functional currency under the amended Companies Act, the election of an applicable exchange rate has a significant impact. LATHA MATHEW and KANG CHOON PIN explain YOU AND THE TAXMAN LATHA MATHEW, KANG CHOON
      By ERNST & YOUNG  -  1,104 words
    • 34 29 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
    • 748 30  -  S'poreans' golden years are in peril as many put off retirement planning. SIOW LI SEN finds out what the experts have to say SIOW LI SEN Singaporeans are not concerned about their retirement needs and, in fact, their nonchalance is a worry, say experts.
      748 words
    • 896 30  -  There's more to retirement planning than saving the millions that mutual funds say you'll need. Of course you should save but it shouldn't cost you sleepless nights By LINDA STERN Reuters IF retirement fears were col-our-coded, they would be somewhere between orange and red right now.
      Reuters; AFP  -  896 words
    • 536 30  -  By SIOW LI SEN WEALTHY Asians are getting more savvy when it comes to hedge funds, and they are also taking to real estate funds and private equity investments, says private bank ÜBS. While hedge funds are likely to end the year
      536 words
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