The Business Times, 3 December 2004

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Total Pages: 36
1 36 The Business Times
  • 9 1 THE BUSINESS TIMES r Friday December 3,2004 s**6eti«r MCAmazaMßooM
    9 words
  • 551 1  -  By RAJU CHELLAM [SINGAPORE] European giant STMicroelectronics will invest $2 billion and hire 1,000 technical and engineering staff over the next two years in Singapore, where it now employs 7,500 people and has so far invested $4.7 billion. The bulk of
    FILE PHOTO  -  551 words
  • 134 1 sn 2,062.76 (+23.92) OST INDEX FUTURES 246&00 (+30.00) SIMSCI 244.61 (+2.98) SIMSa FUTURES 245.90 (+4.50) MARKETS Thursday Chang* KLSECOMP 919.97 +535 NIKKEI 22S 10,973.07 +188.82 HANG SENG 14,***** +98.99 SET INDEX 681.08 >5.64 JAKARTA COMP 997.70 +11.50 MANILA COMP 1.816.99 +0.52 SEOUL COMP 884,10 +7.30 SHENZHEN 1 239.96
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  • 41 1 TOP STORIES PG2 COMPANIES PG4. 6,11,12 MARKETS PG8 SINGAPORE PG 13.14 ECONOMY PG 15 M'SIA/INDON.. PG 16 CHINA/INDIA... PG 17 ASIA-PACIFIC.. PG18 WORLD PG 19 AVIATION PG 20 SHIPPING PG 21 EDITORIAL PG 22 STOCKS PG 24,25 LIFESTYLE ...PG 31-35
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  • 572 1  -  SGX wants company to ensure former CEO is available to help in investigations By KENNETH LIM [SINGAPORE] Crippled China Aviation Oil (CAO) has asked a subsidiary of China's state-controlled petroleum group Sinopec Corp to temporarily take over its fuel procurement, sources said
    572 words
  • Page 1 Advertisements
    • 11 1 MUSIC PLEASE fcv 1 Restructuring maestro BKjf WmgTfeckKiii scores again I
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    • 43 1 Economic model shows casino in S'pore is not worth the costs PG22 MORE REPORTS US$ 160 m jet fuel for December delivery PG 4 Alarm bells aplenty—which nobody heard PG 4 Mark-to-market stopped more losses PG 4 Past accolades ring hollow PG 4
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  • TOP STORIES
    • 447 2  -  Nov decline raises likelihood of manufacturing contraction By ANNA TEO [SINGAPORE] The spectre of a manufacturing contraction looms larger as the purchasing managers' index (PMI) in its third straight fall edged closer to the 50-point critical mark last month. The key barometer of
      447 words
    • 791 2  -  By CHEN HUIFEN [SINGAPORE] The Republic is experiencing a surge in human biomedical research, driven by the development of science in the region and a recognition by global pharmaceutical companies of the island as a viable location for clinical trial outsourcing. According to
      FILE PHOTO  -  791 words
    • 567 2  -  By CHUANG PECK MING [SINGAPORE] The pick-up in the economy has led to more happy workers and fewer long faces. But the pool of disenchanted employees is still sizeable enough to exact a heavy economic toll, according to a study by the Gallup Organization.
      Source: Gallup  -  567 words
    • 489 2 Jet fuel worth USsl6om bought for Dec delivery ABOUT 330,000 tonnes of jet fuel worth almost US$ 160 million was bought for December delivery to China by beleaguered China Aviation Oil Singapore, which yesterday said it is in talks with suppliers and creditors to ensure the aviation fuel
      489 words
  • Page 2 Advertisements
    • 65 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 E:
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    • 203 2 "Notices z IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF ASAHIKASEI ASIA PTE LTD Co Reg No: *****5754 M (IN MEMBERS' VOLUNTARY LIQUIDATION) NOTICE IS HEREBY GIVEN pursuant to Section 308( 1) of the Companies Act, Cap. 50, that a Final Meeting of the
      203 words
    • 141 2 In the matter of The Companies Act, Cap. 50 And In the matter of HO-SHIN ENGINEERING PTE. LTD. (Company No. *****2093E) (In Creditors' Voluntary Liquidation) At an Extraordinary General Meeting of the members of the abovenamed Company, duly convened and held at 336 Smith Street #06-308 New Bridge Centre Singapore
      141 words
    • 164 2 IN THE MATTER OF THE COMPANIES ACT CAP. 50 AND IN THE MATTER OF DUKE ENERGY INTERNATIONAL (SOUTHEAST ASIA) PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) Co. Reg. No: *****6424G FINAL GENERAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 (1) of the Companies Act, Cap, 50, that a Final
      164 words
    • 151 2 IN THE MATTER OK THE COMPANIES ACT, CHAPTERS! AND IN THE MATTER OE CELOXICA PTE ITU (IN LIQUIDATION) Company Registration No. 200MNMAIC NOTICE OE FINAL MEETING Notice in hereby given that pursuant m Section 308 of the Companies Act. Chapter 50. the Final Meeting of the Members of the abovementioned
      151 words
    • 162 2 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF MEDIARO.COM PTE LTD (In Creditors' Voluntary Liquidation) NOTICE OF CREDITORSMEETING Take notice thai a meeting of the Creditors in (he above matter w ill beheld at 3 Phillip Street #18-00 Commerce Point Singapore *****3 on 10
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    • 204 2 NOTICE OF CREOITORS MEETING IN THE HIGH COURT OF THE REPUBLIC OF SINGAPORE IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF DAEWOO SINGAPORE PTE LTD (IN LIQUIDATION) (Company Registration No.: *****0849H) (Companies Winding-Up No. 36 of 2004/G) (Under the Order for winding up the
      204 words

  • Page 3 Advertisements
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  • COMPANY NEWS
    • 433 4  -  TROUBLE AT CAO Talks on with suppliers and creditors to ensure smooth supply to airports in China By RONNIE LIM ABOUT 330,000 tonnes of jet fuel worth almost US$l6O million was bought for December delivery to China by beleaguered China Aviation Oil
      BLOOMBERG  -  433 words
    • 520 4  -  It has liquidated positions on two accounts: sources By SIOW LI SEN CHINA Aviation Oil's (CAO) trades through its two futures accounts, believed to be with ABN Amro Futures and BNP Paribas, were spared huge losses because of daily mark-to*ttlarket practices, say sources. Since
      520 words
    • 671 4  - CAO alarm bells aplenty which nobody heard By TEH HOOI LING THERE were items in China Aviation Oil's accounts that may have raised red flags but nothing to suggest the size of the losses the company faced, or that it may have bent accounting rules to hide these losses. It
      671 words
    • 695 4 CHINA Aviation Oil (Singapore) Corporation is going down in history as one of the biggest corporate collapses in Singapore. But ironically, the oil trader will also be remembered for the numerous glowing awards and accolades that it has consistently been collecting and trumpeting in the
      695 words
    • 447 6  - OCBC raises Bank NISP stake to 51 for $156m Sellers of 28.5% stake include Surjaudaja family; OCBC ready for GO By JOYCE KOH RYF.ING a bigger slice of Indonesia's consumer market, OCBC Bank yesterdaysaid it has raised its stake in PT Bank NISP to 51 per cent and is ready
      447 words
    • 680 6  -  HOCK LOCK SIEW By ANGELA TAN J1 If would have guessed in May this I i year that the heated tussle for Unit--1 I I ed Overseas Land (UOL) between If parent United Overseas Bank (UOB) and Temasek Holdings would end up in
      680 words
    • 493 11  -  Dredging specialist set to become coal-mining services provider By KENNETH LIM WITH sand export bans threatening the survival of their company, shareholders of Links Island Holdings voted yesterday to turn the dredging specialist into a coal-mining services provider. In an extraordinary general meeting,
      493 words
    • COMPANY BRIEFS
      • 113 11 LINDETEVES-JACOBERG Ltd is in final negotiations to sell the land and buildings occupied by its wholly-owned subsidiary BCW Electric Motors Corporation Ltd in Dalian, China, for RMBISO million (5530.1 million), and the proceeds from the sale will be used to reduce BCW's bank borrowings.
        113 words
      • 196 11 CATHAY Organisation Holdings said yesterday that its wholly-owned Cathay-Keris Films (CKF) has entered into a joint venture agreement with Prime Movies International (PMI). CKF is a film distributor which procures quality films internationally, and supplies them to the Cathay's film exhibition business as well
        196 words
      • 183 11 SESDAQ-LISTED Panpac Media has agreed to sell its 25 per cent stake in internet financial portal Shareinvestor.com Holdings to fibre optic company China Multi-Media Private Network Ltd (CMPN). At the same time, Panpac will grant CMPN a worldwide exclusive licence and rights to reproduce,
        183 words
    • 388 12  -  Wee Poh Holdings will be the fourth firm he has helped restructure in 3 years Reports by VINCE CHONG DEAL-MAKER Wong Teck Kui has added one more feather to his cap, with Wee Poh Holdings being the fourth listed company he has helped
      FILE PHOTO  -  388 words
    • 358 12 WEE Poh Holdings' much-anticipated annual general meeting (AGM) yesterday produced little controversy as the management obtained a clear mandate to continue with its reverse takeover plans into the Asian timepiece market. Events leading up to the twice-adjourned AGM had
      358 words
    • 376 12 Bloomberg DAIRY Farm International Holdings Ltd, which runs supermarkets in Hong Kong and Singapore, said it will pay as much as US$65 million to buy the shares it doesn't already own of PT Hero Supermarket, to expand in Indonesia. An offer
      Bloomberg  -  376 words


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  • SINGAPORE MARKETS
    • 551 8  -  STOCKS Funds buy heavyweights after oil price recedes while UOB Sesdaq Index edges up a mere 0.4% TEH HOOI LING Senior Correspondent LATCHING on to the euphoria of the biggest oneday oil price fall in three years and strong US economic data, funds
      Source: Bloomberg  -  551 words
    • Article, Illustration
      987 8  -  Compiled by JOYCE KOH First Engineering Dec 2 dose: $1.29 (+2 cents) KIM ENG RESEARCH, Dec 2 SUDDEN weakness in the share price of First Engineering offers a great buying opportunity for investors. Management has confirmed there is no negative corporate development to warrant the decline. We still
      Source: Bloomberg  -  987 words
    • 525 8  -  CURRENCIES LARRY WEE Senior Correspondent DESPITE the fact that two key Wall Street stock indices scored three-year highs in overnight trading, the unpopular US dollar once again nosedived to fresh lows in Asia before recovering a touch at yesterday's close. The Sterling
      Source: Reuters  -  525 words
    • TRADES TO WATCH
      • 106 8 TEMASEK Holdings' deemed stake in investment company K1 Ventures was raised between August and November this year through a number of transactions on the open market. Temasek now has a deemed stake of 37.02 per cent, up from 36.67 per cent previously after 6.8 million
        106 words
      • 130 8 SOUTHERN Packaging Group's top couple saw their shareholdings increase after chief executive Pan Shun Ming bought two million shares on the open market on Wednesday at about 20.5 cents apiece. Mr Pan's direct stake now stands at 42.44 per cent from 41.58 per cent. His
        130 words
      • 113 8 ASIATRAVEL.COM Holdings executive co-chairman Ong Nai Pew now has a deemed 1.92 per cent stake, up from 1.79 per cent after 250,000 shares were bought on the open market through an HL Bank nominee account. The shares were bought at 29.8 cents apiece. The director also
        113 words
      • 93 8 TPV Technology said JP Morgan Chase Co's deemed stake was raised to 11.82 per cent from 11.79 per cent after 318,000 shares were acquired in a lending of shares under a securities borrowing and lending agreement on Nov 25. TPV, the world's second-largest maker of
        93 words
    • Article, Illustration
      436 8 OTHER SINGAPORE INDICES Dec 2 VALUE CLOSE BT OB/OS -108.00 +188.00 BT CADI -*****.00 +1HJ.00 BT 10-day MA -*****.00 -10.00 All-SG Equities 526.06 +5^81 SG Equities Elect 160.89 +3.89 SG Equities Fin 1617.01 +18.06 SG Equities Prop 515.43 +1.70 SIMSCI 244.61 +2.98 SiMSCI Futures 245.90 +4.50 MOST ACTIVE STOCKS VOLUME
      436 words

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  • Page 10 Advertisements
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  • Page 11 Advertisements
    • 24 11 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. IMBB
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    • 199 11 BEST OF MALAYSIA PROPERTY IN THE HEART OF KL's GOLDEN TRIANGLE 12% NETT GUARANTEED RETURN OVER 2 YEARS FREEHOLD PRIME HAPPENING LOCATION 5 MINS WALK TO KLCC TWIN TOWERS MONORAIL STATION JUST AT YOUR DOORSTEP JUNCTION OF JALAN AMPANG JALAN SULTAN ISMAIL (OPP RENAISSANCE/NEW WORLD HOTEL) PREVIEW LAUNCH! 4th 5th
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  • Page 12 Advertisements
    • 202 12 Vorsprung durch Technik www.audi.com.sg x v V j Aua« n V—- j —XV r m^g t T >3»108WL3 K 4 *~js£i?~isi ■■laHiHlHp'wMOSHyi^BHHHflH^^^^lff^^H Have you ever experienced the feeling of being behind the wheel of what can only be justified as poetry in motion? Have you ever enjoyed the pleasure of
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  • SINGAPORE NEWS
    • 543 13  -  It will train staff, improve services at local firms, develop R&D initiatives By AMIT ROY CHOUDHURY IN a major push to develop the business process outsourcing (BPO) industry, the Infocomm Development Authority of Singapore (IDA) yesterday announced that it has set aside
      543 words
    • 293 13 TWO former executives of Performance Motors have been charged in court for alleged corruption. Patrick Pow, who was sales and marketing manager of the BMW dealer, and Daniel Chong, who was sales manager, were charged in the Subordinate Court yesterday under section 6 of
      293 words
    • 124 13 Reuters CITIGROUP Inc will add Singapore to its World Government Bond Index (WGBI) from January, the first Asian country besides Japan included in the US bank's flagship foreign sovereign performance benchmark. The World Government Bond Index includes bonds from 21 countries deemed
      Reuters  -  124 words
    • 131 13 PRIME Minister Lee Hsien Loong has become the secretary-general of the ruling People's Action Party. A statement issued last night by the party's Ist assistant secretary-general Wong Kan Seng said he succeeded Senior Minister Goh Chok Tong, who stepped down to pave the
      131 words
    • 365 14  -  Deal involves GIC selling 51% of 10 US office buildings, buying 49% of 2 By ANDREA TAN THE Government of Singapore Investment Corporation (GIC) and US company Tishman Speyer Properties which owns two of the most famous buildings in New York have formed
      365 words
    • 373 14  -  By DANIEL BUENAS IN A MOVF aimed at stimulating the local digital animation industry, the Media Development Authority (MDA) and homegrown studio Peach Blossom Media signed a memorandum of understanding yesterday to develop seven projects with a total production budget of
      373 words
    • 310 14  -  By SIOW LI SEN ICICI Bank, India's largest private bank, has decided to target wealthy overseas Indians through its offshore branch in Singapore. The bank yesterday announced a strategic alliance with Russell Investment group, to offer a range of multi-manag-er investment funds to its
      310 words
  • Page 13 Advertisements
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    • 599 13 PTM ADROIT INNOVATIONS LIMITED KM (Company Registration No. *****2554G) (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the Company will be held at Room 204, Level 2, Suntec Singapore International Convention and Exhibition Centre, 1 Raffles Boulevard,
      599 words

  • Page 14 Advertisements
    • 201 14 ASIA-PACIFIC EXECUTIVE MBA JPJJfIJM Program Highlights Top ranked as a fully Asian Executive MBA program by Chief Executive China (2002) Opportunity to establish a strong international network of top Blending the best of East and West, with a focus of doing Optimal learning with minimal ■■■MJ disruption to your career
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    • 671 14 To advertise call toll-free 1800 289 8822 Email: notices@sph.com.sg 8 DBS DBS BANK LTD (Incorporated in the Republic of Singapore) (Company Registration No. *****0306E) To ALL HOLDERS OF EUROPEAN STYLE CASH SETTLED CALL WARRANTS RELATING TO THE STRAITS TIMES INDEX ISSUED BY DBS BANK LTD Terms defined or construed in
      671 words
    • 321 14 BIONAX SINGAPORE PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) COMPANY REGISTRATION NO.: *****8324E NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the Company convened and held at 69 Neil Road Singapore *****9 on 26 November 2004, the following resolutions were duly passed:1. SPECIAL RESOLUTION WINDING-UP That the Company be wound
      321 words

  • ECONOMY WATCH
    • 348 15 Analysts say data consistent with recovery; factory orders up 0.5% Reuters [WASHINGTON] The number of Americans filing new claims for jobless benefits jumped an unexpectedly large 25,000 last week, the Labor Department reported yesterday, while the number of longer-term unemployed fell to the
      Reuters  -  348 words
    • 114 15 Reuters [LONDON] A growing number of US Federal Reserve officials believe US inflation risks are on the rise, a mood that likely will keep the Fed raising interest rates over the next few meetings, the Wall Street Journal reported yesterday. The newspaper, which cited "officials", said
      Reuters  -  114 words
    • 435 15 Priority next year will be raising rural incomes: Politburo AFP [BEIJING] China yesterday announced adjustments to economic planning for 2005 that will change current "pro-active" fiscal and monetary policies into more "prudent" measures. The move is aimed at stimulating growth in
      AFP  -  435 words
    • 205 15 Reuters [KUALA LUMPUR] Malaysia's economic growth in 2004 looks set to top the government's estimate of 7 per cent, Second Finance Minister Nor Mohamed Yakcop said on Wednesday, a day after the central bank reported slower growth in the year through the
      Reuters; AFP  -  205 words
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  • MALAYSIA/INDONESIA
    • 329 16 Company operates independently of UK parent and is self-financing Bernama. Reuters [KUALA LUMPUR] The operations of Courts Mammoth Bhd (CMB), a 50.1 per cent subsidiary of the UK's Courts pic, will not be affected following the appointment of administrators and suspension of
      Bernama.; Reuters  -  329 words
    • 165 16 Bloomberg [KUALA LUMPUR] Malaysian International Shipping Corp (MISC), the world's largest transporter of liquefied natural gas. will sell 32 dry-bulk ships to First Financial Corp for US$74O million to focus on its gas and oil operations. Malaysia Shipping will earn US$44O million
      Bloomberg  -  165 words
    • 199 16 Bloomberg [JAKARTA] Indonesia plans to speed up the process of reimbursing value-added tax to oil gas and mining companies and may give them a trigger share of project revenue as it tries to attract foreign investment. Now it takes as long as six months
      Bloomberg  -  199 words
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      2,202 words
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  • Page 16 Advertisements

  • GREATER CHINA/INDIA
    • 384 17 They oppose domestic textile groups which want import restrictions Reuters [WASHINGTON! US clothing retailers and importers sued on Wednesday to prevent the Bush administration from slapping emergency restrictions on imports from China at the request of the domestic textile industry. The
      Reuters; AfP  -  384 words
    • 209 17 Reuters (NEW DELHI] Nokia, the world's top mobile phone maker, plans to invest in a new handset plant in India to meet robust local demand, it said on Wednesday. The Finnish firm said in a statement that it and its key
      Reuters  -  209 words
    • 199 17 Bloomberg I HONGKONG] Semiconductor Manufacturing International Corp (SMIC), China's biggest supplier of made-to-order chips, will gain market share this year at the expense of its largest rivals in Taiwan, an analyst said. The company's share of sales will double to 6 per cent
      Bloomberg  -  199 words
    • 392 17 Reuters ISHANGHAII In yet another measure to improve its poor-performing stock markets, China has picked five more favoured brokerages to enjoy fast-track approval to pursue new businesses. Earlier three others were given the nod to steer reforms in the struggling sector. Supporting better-man-aged brokerages is
      Reuters  -  392 words
  • Page 17 Advertisements
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  • ASIA-PACIFIC
    • 221 18 Reuters [NEW YORK] The Carlyle Group, a global private equity firm, has purchased Japanese car component maker Rhythm Corp from fellow buyout firm JPMorgan Partners, continuing a buying spree in Japan. Carlyle did not disclose yesterday the purchase terms for Rhythm, which JPMorgan
      Reuters  -  221 words
    • 452 18 Higher marketing spending prompts broker to issue 'sell' rating on stock Reuters [SEOUL] Samsung Electronics Co, the world's sec-ond-largest semiconductor maker, expects "solid" demand for memory chips during the fourth quarter, led by corporate and mobile phone customers. The company forecast demand for computer chips
      Reuters; AFP  -  452 words
    • 303 18 Bloomberg [BANGKOK] The world's largest insurer American International Group's Thai finance unit will be allowed to upgrade its operations to become a retail bank next year, said Suparut Kawatkul, permanent secretary at the Thai finance ministry. The ministry has forwarded its recommendation
      Bloomberg  -  303 words
  • Page 18 Advertisements
    • 1 18 <^n^Mi9^Hl9ffiiflll
      1 words
    • 152 18 Call toll-free 1800 289 8822 nouccs@sph.com.sg IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF EARTHWISE ECOVISION INC. PTE LTD (In Creditors' Voluntary Liquidation) (Co. Reg. No. *****5978E) NOTICE OF RESOLUTION At an Extraordinary General Meeting of the abovenamed Company duly convened and held at
      152 words
    • 31 18 WeVe 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. o
      31 words

  • WORLD
    • 502 19 Fund buys voting stake without having economic interest in company NYT [NEW YORK] A new trading tactic that could tip proxy fights and takeover battles has emerged from the shadows of the hedge fund industry, sparking outrage among some investors and corporate governance
      NYT  -  502 words
    • 325 19 Reuters [LONDON] Chancellor Gordon Brown announced an extension of maternity leave, help for pensioners and a freeze on fuel duty in his pre-budget report yesterday. Trumpeting British prosperity ahead of an election expected next May, he said Labour would do more to help
      Reuters; AFP  -  325 words
    • 391 19 [NEW YORK] General Electric spent more on acquisitions since it promised an end to big deals than it did on its two blockbuster bids last year combined, the Financial Times reported. Following a flurry of smaller takeovers in recent days, the US conglomerate has
      391 words
    • WORLD WATCH
      • 68 19 Bloomberg [NEW YORK] Calpers president Sean Harrigan was removed on Wednesday from the US$l7B billion California Public Employees Retirement System. America's largest public pension fund. He said his ouster was payback for the campaigns that he and others had been leading to change behaviour at
        Bloomberg  -  68 words
      • 80 19 Bloomberg [NEW YORK] Advanced Micro Devices, a computer-chip maker that's been stealing sales from Intel Corp, won its biggest slice of the market in over two years. AMD had 9.9 per cent of the US$6.7 billion market for the microprocessors that run PCs and servers
        Bloomberg  -  80 words
      • 92 19 Bloomberg [NEW YORK] AT&T Corp, the largest US longdistance carrier, agreed to pay US$5OO,OOO to end a federal investigation into claims the company billed customers who didn't order service. The Federal Communications Commission was investigating whether AT&T erroneously charged U553.95 a month
        Bloomberg  -  92 words
  • Page 19 Advertisements

  • AVIATION
    • 337 20 Debris falls on car driving near Bangkok airport; no one injured AP [BANGKOK] A Cathay Pacific passenger jet's left engine exploded minutes after take-off from Bangkok, dropping debris on a car driving near the airport, causing damage but no injuries, a newspaper and the
      AP; AFP  -  337 words
    • 475 20  -  The service will first be installed in SIA's fleet of Boeing 747s By VEN SREENIVASAN ISINCiAPORHI Singapore Airlines is poised to be the first carrier in Southeast Asia to offer inflight broadband Internet access and live news television channels to its passengers. The
      475 words
    • 197 20 Reuters [BEIJING] United Parcel Service Inc (UPS), the world's largest package delivery company, has agreed to pay US$lOO million to take control of the China operations of freight forwarder Sinotrans International Express, it said yesterday. The deal gives UPS direct control
      Reuters  -  197 words
    • 306 20 AFP (NEW DELHI) India is developing a new satellite-based navigation system that will increase the number and safety of flights around the country, Aviation Minister Praful Patel said on Wednesday. The project called Gagan (Sky) is being designed by the state-run Airports Authority of
      AFP  -  306 words
    • 1854 20 CHY RJfiMT ETA KJSMT ETD 1gs5 1 QF81 1855 Aietaide BA7381 1855 LH9770 2245 JQ407 0440 KB56 1145 Qf81 1855 ***** 2245 IC855 1015 A1481 1355 DtmmUUt 5Q461 1420 SQ462 0220 AM80 1240 SQ406 1620 i>—»«««■ ***** 0645 KL836 2330 0 enpasa» tali ***** 1145 SQ142
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  • Page 20 Advertisements
    • 1270 20 1 *****1 ltisc call toll-free 1800 289 8822 Email: noticesQsph.com.sg IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF BLB ASIA PACIFIC LTD (In Members' Voluntary Liquidation) Co. Reg. No. *****6800K NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the Company held at 300
      1,270 words
    • 387 20 IN THE MATTER OF THE COMPANIES ACT. CAP 50 AND IN THE MATTER OF EUROMOTIVE INTERNATIONAL PTE LTD (In Members' Voluntary Liquidation) COMPANY REGISTRATION NO *****2418R At an Extraordinary General Meeting of the Members of the abovenamed company duly convened and held on the Ist day of December 2004, the
      387 words

  • SHIPPING
    • 574 21  -  Newspaper says the terminal operator may invest US$1.2b in Ensenada By DONALD URQUHART [SINGAPORE] Hong Kongbased Hutchison Port Holdings (HPH) appears set to take on Los Angeles and Long Beach with further talk of the global terminal operator investing US$l.2 billion in a port in
      574 words
    • 906 21  -  ADMIRALTY CASEBOOK By SELVA KUMAR A LANDMARK ruling last month in i\ the US Supreme Court has put beyf yond doubt the question of when rail and road transport companies would be protected by Himalaya clauses in intermodal bills of lading negotiated by ocean carriers.
      906 words
    • 49 21 [SYDNEY] This photo taken on Nov 17.2004 shows the huge vehicle transporter Trianon passing under the Sydney Harbour Bridge after delivering a shipment of Japanese cars to Australia. Australia's Treasurer Peter Costello said yesterday that the slowdown now evident in the country's economy is not unwelcome. AFP
      AFP  -  49 words
    • 465 21  -  He's credited with lifting quality of maritime education By GEORGE JOSEPH [SINGAPORE] The director of the Singapore Maritime Academy, Swapan Das Sarma, is bowing out after 23 years shaping maritime education and training in Singapore. A marine engineer by training, Mr Sarma joined the Singapore
      465 words
    • 291 21 I MX $WM''$W 'MB D*2 St W- Vol CH Offshore 039 0.02 2184 Oman Hup -..JOM unch 1020 Cosco Corporation 1.14 -0.01 7126 CWT Distribution 3.56 0.01 19 Ezra Hldgs 1.18 unch 55 Freight Links .0.10 unch 450 Grand Banks Yacht 0.91 unch 5 Jaya Holdings IjOI -0.01
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  • Page 21 Advertisements
    • 476 21 Xotices •DBS DBS BANK LTD (Incorporated in the Republic of Singapore) (Company Registration No. *****0306E) To (1) ALL HOLDERS OF EUROPEAN STYLE CASH SETTLED CALL WARRANTS RELATING TO THE ORDINARY STOCK UNITS OF OVERSEA-CHINESE BANKING CORPORATION LIMITED ISSUED BY DBS BANK LTD (OCBC Call Warrants") (2) ALL HOLDERS OF EUROPEAN
      476 words

  • EDITORIAL & OPINION
    • 507 22 EDITORIAL THK move by the Council on Corporate Disclosure and Governance (CCDG) to review and update the Singapore Code of Corporate Governance could not have come at a more appropriate time. The unfolding crisis at China Aviation Oil (Singapore) after the company racked up almost
      507 words
    • 1216 22  -  From an economic standpoint a casino will have an adverse impact on S'pore in the long term By HOON HIAN TECK, HO KONG WENG ALTHOUGH there has been a lively debate taking place in the local press on the case for or against having a casino
      AFP FILE PHOTO; Source: Hoon Han Teck and Ho Kong Weog  -  1,216 words
    • 750 22  -  THE BOTTOM LINE FRANK CHING PRESIDENT Hu Jintao's two-week foray into Latin America last month shows the extent to which China's economic development over the last quarter century has strengthened its foreign policy outreach. Today, Beijing's friendship in particular its investment and
      750 words
    • 964 23  -  The bank's new president, Haruhiko Kuroda, could do just that if he gets his way ANTHONY ROWLEY Tokyo Correspondent ON Feb 1 next year, Haruhiko Kuroda will take on the job of president of the Asian Development Bank (ADB) in Manila. Like his half
      BLOOMBERG  -  964 words
    • 304 23  -  LETTERS TO THE EDITOR Leong Sze Man Singapore I REFER to the reports "CAO shock raises major questions"; "Option bets likely cause of CAO losses"; "CAO blocked from trading on Platts"; "China listings on SGX bruised by CAO fallout"; "Chen Jiulin a fallen star"; "Shockers
      304 words
    • 337 23  -  Han Liang Yuan (Ms) Senior manager Corporate communications Land Transport Authority I WOULD like to thank Alvin Chua Chuan Ann for his letter "Traffic jams making a comeback" (BT, Nov 23), in which he commented on the traffic situation along Orchard Road, Keppel Road and
      337 words

  • Page 23 Advertisements
    • 864 23 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF LANIER SINGAPORE PTE LTD Company Registration Number: *****5541 Z Notice of Resolutions for Members Voluntary Winding Up (Pursuant to Section 290) At the Extraordinary General Meeting of the members of LANIER SINGAPORE PTE LTD duly convened
      864 words
    • 1730 23 MIYOSHI PRECISION LTD Company Registration Number: *****3979K (Incorporated in Singapore with limited liability) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Miyoshi Precision Limited ("the Company") will be held at No. 5 Second Chin Bee Road, Singapore *****2 on Wednesday, 29 December 2004
      1,730 words

  • 10412 24 STRAITS TIMES INDEX STOCKS Stodi name Wt CtoM Chang! Mod mm* W» Qua Owj» Allgreen 50c 0.29 1060 NOL 2.09 2.990 *0 040 BIL mtl US20c 0 44 0 960 *0005 OCBC 10.01 13.600 *0 100 CaprtaLand 138 2.110 *0.010 Partway H 25c 065 1.420 +0.010 Chart SemtCond
    10,412 words

  • 6619 25 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In tool curt In S* In USJ S dy yr Of yr dy %yr P«t 1 lnd«< Chang* Char»q« Change Change Change Change World IndetPrelimirxary 831.6 0.7 6.8 06 5.4 0 8 9.7 J £Aft Preliminary 751.5 0.4 72 0J 9.0 06 13.4
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  • Page 26 Advertisements
    • 1521 26 1 TO USA/CANADA I EXPORT 1 I OTHER DESTINATIONS I |ygsa |vor I WC TO AUSTRALIA (AUSTRALIA ASIA EXPRESS) f(0 NEDUOYD KME 44E4? OMIT 02/17 11/12 2V12 25/1? 23/12 2V12 24/12 VKsS VOT IttSM PIG Fit 5T~| STD MB AM UKJUCafSEXFKS 10(50 OMIT 07/12 I 24/12 30/12 31/12 21/12 21/12
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    • 867 26 toiWAHA »oto snrvici VBsa/ypr Mfgi) «anp? ws km ia m jkt STUISVOIUK/14 15 3.1 25/11 27/11 02/12 OS/12 07/12 SIUnSVBmiK/)7 IS 12 01/17 12/12 l</12 If/12 21/12 Ismirsvtimitt/ii is 3.2 23/12 h/i? 30/12 02/01 04/01 IWHT AKA/MNOAI KOtO SVS i VKSa/VOT UfffD HBOHT(S) TOI Ktt KHH «H 1 ill I
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  • Page 27 Advertisements
    • 1154 27 MOL Combines a range of shipping modes to ensure timely, reliable services covering major ports in Norm America, Europe, Japan, Asia, Africa Oceania. Also occspt Intro-Ask Cargoes to: BUSAN KWANGYANG SHANGHAI YANTIAN XIAMEN QMGDAO BELAWAN JAKARTA SURABAYA KAOHSIUNG BANGKOK LAEH CHABANG WDOWMNH PASIR GUDANG PINANO PORT KtIANG For Schedules, BL
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    • 1456 27 VESSEL VOY SIN JUT HKC I HHHI INC KTH PUS VESSEL VOY SIH JKT SUB HKG USN PUS HYBRIDGE 2/12 _4/12_ JW M/ 1213/1215/12 15/12 KMTCSHANGHAI 414S 5/12 8/12 9/12 14/1? 18/12 19/12 HY VLADIVOSTOK ISIS 9/12 11/12 16/12 1 8/12 20/12 22/12 22/12 KMTC PORT KELANG 412S 12/12 15/12
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    • 1045 27 H WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICD POINTS VESSEL VOY SIN P.KIAHC COLOMIO N. SHEVA COLOMIO INDIRA GANDHI OQBBW M HQV OMIT OS DEC 08 DEC II DEC RAJIV GANDHI 0088W 07 DEC OMIT 12 DEC 15 DEC 18 DEC IM MIDGE 004W 13
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  • Page 28 Advertisements
    • 689 28 MjW WALLENIUS WILHELMSEN website: http://www.2wglobol.com VESSEL "VOY RAMP HEIGHT SIM Ll( ~M*O~ HOU» Ml* SAV »Ai QBE NYt ~MEW MO« TARONGA AE423 320 Tons 6.25 M IMPORT 2S/12 04/01 11/01 12/01 16/01 14/01 18/01 08/01 TAMESIS AF424 3201 MS 6.4 M 19/12 08/01 19/01 26/01 27/01 31/01 30/01 02/01 23/01
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    • 1462 28 -VKHL VOY SM PCU YK«L JflH SMI JKT Q4/1? 05/1? r/KHWTAH Wi 02/1? OS/1? r c > D 1155* 05/12 06/1? _EALIAU 1143 M/I2 QLO2 2301 0065? 05/12 06/12 "> 8525 07/1? 10/1? PA( BAHDA 1356N 07/12 "7 07/12 PAC BMYAM 9277 09/1? 1?/1? TACIAHPA 1356W Q7/i? oy/i? CSFJ3OI 0066P
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    • 64 28 5 WINSTAR SHIPPING PTE LTD U Im Ik. 1W*****M WINSTAR LOGISTIC PTE LTD hlgfc IH4O4CIIG SIN <4 BAT AM BATAM LINER Sdhgt Weekly (Mm Sot) Loodmg at Jaroiig Port, J2 Door to Door KL/LQ/ Conventional Cargo laqmrits: Pitas* aM Dtsmomj Stbastiaa or W TUO A BARGE CHARTERING, PROJECT CARGO feeder
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    • 637 28 BSA x MYANMA SH FIVE STAR LINE (Myanmor National Line) Loading for Yangon VESSEL VOT SIN PKL PIN PGU PAGAN 336W SLD SLD HPA-AN 326W SID IN MALAYSIA: lOUSTEAD SHIPPING AGENCIES KUL/PKI: 03-*****388 PEN: 04-*****1S ACCEPTING CONVENTIONAL C6O HKG SIN HKG SIN PGU PKI KUC CRYSTAL HEART 13 SID SU)
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  • Page 29 Advertisements
    • 1176 29 /I S pore Agents: lAI Shipping Ajeecy (S) Pt* Ltd (CR NO: 165M*****0Z) \wi JJ 180 CedStreet, #11-03 Bongkok Bank Bvilding, Singapore *****6 CrUTGfdSICI eJmrIUGS Tel 6323 6466/77 Fox: 63/3-6433 Welislte: www.iaterasialißts.coM SUPER EXPRESS SERVICE TO HONQ KONQ JAPAN vtssa voy os» not sm tyo tok hug m scp vessb
      1,176 words
    • 412 29 I T CARRIERS Mil mtmmm tings »»vm WtI»LY FIXED DAY SAI INC SINGAPQH PORT »I«MC TAMGON ivissa vot siii I m ygh I warns* IHH 22/11 MOM 24/11 WP 21/11 SUT| YAHGOH STA> ***** 04/12 SAT 06/*****11 10/12 HB TMQQW SIM 3MH It/12 IHU U/UiAI 22/12 HID itMCOHSTM 3AS* umm
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    • 979 29 /~7~~l Dr)7 I I CO MAM: TEI; 6221-1333 FAX: 6221-5272 I /fa' 7 L.I 111 CO CUSTOdBStRVKtTIL 6221-5596 FAX:*****190 I /CJlm SINGAPORE: TOWG JOQ SHIPPING PTE LTD o!iftiw2Bflo!? Em* b*ki,,©*.««.,, VfcMtr I lEWU|(OjjWjjjiroiD SitVKH TO HUTSM, M|i«yi, MYAMMAI AMI VliTHfllH vtssa vot rasa «h w vtssa voT ra si uu
      979 words
    • 243 29 Uner brgokbulk »ervita S.I. Atio/USA vite verto SPECIALISE IN HEAVY UFTS A PROJECT CARGO gNOAPORF Dwltwrtj. MV INOUSTRIAI CENTURY BV lOnTf. bn SM«. MM, Otlwr Ptrtj E»r««tt DARWIN DtstM* MV INDUSTRIAL ORtF TTJVT HM| KM» SlmmM. tadm. Um IMA/SIMCW V«mzmU USR Ottxr pari m hdw—l HOUSTON PwiwHw MV INDUSTRIAL MYSTIC
      243 words
    • 505 29 ■PfflWl TIGER SKY 240N 07-08/12 14-16/12 21-22/12 I HUillill TIGER SEA 241N 13-14/12 18 20/12 24 27/12 I HTTmn TIGER WAVE 242N 15 16/12 21-23/12 28-29/12 1 ■■■■■TIGER PEARL 243N 18-19/12 24-26/12 01-02/01 I W 244N 21-22/12 28-30/12 04-05/01 ■mRIffIHTIGER CUFF 01 ON 03-04/12 09-11/12 18-19/12 ■UUIb|PHUTAN 307 06-07/12 13-15/12
      505 words

  • THE BUSINESS TIMES SHIPPING TIMES
    • 6497 30 ETA en A4—1M» VMM) Voyaf* Tiliplim i HA ETA Advartkar VeaM ""T* r <mS/T 2am "'^MMBenaBMMtSmMtT'^r 17/12 04/01 Ma MOl PRECISION 019* *****686 To AMOIAN (AW) 2003 Cote D'lvoke 17/12 05/01 Snni ymchkaso ycib 66*2750 1002 0*01 Mms DELMAS BAUOM 505W *****344 17/12 06/01
      6,497 words
  • Page 30 Advertisements
    • 94 30 One-Stop Shipping Services Ship Registrations Ship Classifications Radio Accounting Tuvalu, Mongolia, Panama, Quality, Safety, Security SSWICSS Belize and many other flags Surveys and Consultants Accounting Authority RSO6 competitive fees low taxes 24-hour efficient service, 365 days a year Worldwide network of surveyors No restriction on nationality of Pownership/crew Staffed by
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  • executive lifestyle
    • 639 31  -  off the cuff jaime ee F you weren't rabidly following the results of the Singapore Idol final this week, chances are you were fixated with yet another saga slightly less musical, and whose outcome you will not be able to manipulate via SMS. It's the ongoing
      639 words
    • 1260 31  -  Clarke Quay is poised to become trendy CQ, a one-stop leisure destination for PMEBs. PARVATHI NAYAR and CHEAH UI-HOON look at the 're-hipping' of the area PARVATHI NAYAR, CHEAH UI-HOON IS Clarke Quay Singapore's answer to Shanghai's Xin Tian I)i? That's what Capita Land is hoping, with its
      ARTHUR LEE  -  1,260 words
  • Page 31 Advertisements

  • ARTS
    • Article, Illustration
      784 32  -  Malaysia's M Nasir talks to CHEAH UI-HOON about his kind of music CHEAH UI-HOON ALL him Sting of the Malay music world and M Nasir gives a self-deprecating chuckle, but doesn't deny it, saying: "Maybe it's because we listened to the same type of music when Ml we
      784 words
    • 288 32 Dec 3 (Fri) Homecoming Series: Hits of 1904 Sibelius' Violin Concerto by Singapore Symphony Orchestra Esplanade Concert Hall, 7.30pm (Pre-concert talk at 6.30pm) Tickets: $11, $16, $24, $34, $49, $59 Dec 3 to Dec 4 (Fri Sat) Esplanade Presents: Pesta Raya Malay Festival of Arts 2004 Desert
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  • Page 32 Advertisements
    • 353 32 ■tESGNTS T| Witness the Singapore debut of a true genius H Expect an evening of music its most brilliant with this inimitable pianist extraordinaire. (lOOmins with intermission) SIHPMiHI i-os Angeles Principal Sponsor 9 Dm 04, Thu Esplanade Concert Hall, 7.30pm $30, $45, $60, $80, $100 V (Concession price for students
      353 words
  • Page 32 Miscellaneous
    • 288 32 CRYPTIC CROSSWORD 7 An idle girl, yet of some use on HH 8 A refuge that could be paradise Lmm hJ UhJ LJ—— 10 Splinters difficult to see aboard 11 When misled, housekeepers' Ml ■■""""■B fury is contained completely (8) H JHL JH 14 For example, a landlord (6) ■HI
      288 words

  • ARTS/LEISURE
    • 709 33  -  The event is certainly a milestone in the history of performance art in Singapore, says PARVATHI NAYAR PARVATHI NAYAR /In /I OST people /I think of perforI I mance art as 1 \i I spectacle, a I V I freak show," says performance artist Lee Wen,
      709 words
    • 845 33  -  STANDARD CHARTERED S'PORE MARATHON Two Kenyan marathoners tell ANNA TEO about life in the fast lane ANNA TEO WHEN Tegla Loroupe hopped into a car yesterday at the Swissotel, she didn't expect the ride to last all of a few minutes, ending at the Standard
      CHRIS LOH  -  845 words
    • 578 33  -  By SANGEETHA MADHAVAN IF taking stock and planning ahead can be a daunting task for commercial businesses, it can be a scary time of the year for non-profit arts organisation whose fortunes rise and ebb with each production. And when you're talking small to mid-sized
      578 words
  • Page 33 Advertisements
    • 54 33 V- t 4 if.' 4 fs JULINDA CHIA MORGAN in the Paterson Room An exhibition and sale by one of the most original voices in designer jewellery. Today, 3rd December (10am-Bpm) and tomorrow, 4th December (10am-6pm) in the Paterson Room, Level 6, Four Seasons Hotel, Orchard Boulevard, Out of the
      54 words

  • PURSUITS
    • 671 34  -  CHEAH UI-HOON attends a viewing of the rare collection that may go on display in a Sentosa museum CHEAH UI-HOON INGAPORF may not have a maritime museum yet, but she's steering a clear course to one with the likely acquisition of Tang I)yV nasty shipwrecked treasures which
      CHRIS LOH  -  671 words
  • Page 34 Advertisements
    • 46 34 GIVE THEM A 69 CARAT RING THIS CHRISTMAS 69 CARATS OF PURE SAPPHIRE ON THE FACE, 51 GRAMMES OF GOLD ON THE CASING AND 18 RUBIES BEHIND THE KEYS. PHONE NUMBERS NEVER SOUNDED SO PRECIOUS. VERTU t 6b 6/23 2 288 v r r u com
      46 words

  • CINEMA/MUSIC
    • 549 35  -  PARVATHI NAYAR finds Alexander a pedestrian effort PARVATHI NAYAR HE kindest thing to say about Oliver Stone's Alexander, is that it's a movie with ambition but lacks the imagination, talent or stamina to keep pace with the heights it dreams of scaling. Much has been written
      549 words
    • 578 35  -  CD REVIEW By KANNAN CHANDRAN WHILE one must applaud brave talent imbued with an often misplaced sense of adventure, seldom do they deliver on the promise. The relatively recent release of albums by local artists hints at this deficiency that is probably the result of a
      578 words
    • 432 35  -  By GEOFFREY EU WHEN dad is a famous author with a young trophy wife and an over-in-flated ego while his 20-something daughter is a smart, shy and overweight aspiring singer plagued by a defeatist attitude and a dangerously low sense of self-esteem,
      432 words
    • 486 35  -  By PARVATHI NAYAR REFERENCING other movies within a movie either as homage or send up can be one hugely entertaining in-joke. Or, it can be a way of concealing the complete lack of any other content in the movie that's worthy of being given screen time. Without A
      486 words
  • Page 35 Advertisements
    • 148 35 Where to wine, dine and entertain... by: World of Exclusive 7 WBBBMBI WWW.dinerBXOm.fig hvemaunaT PLAZA PARKROYAI The Most Enchanted Moment In Life "View The Latest Bridal Gowns of 2005" Bridal Show Sunday, 5 December, Ipm to spm $15 nett per couple For a most enchanting wedding of a lifetime, come
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    • 49 35 W JM Asian Feast Sample the best of Asian delights at Captain's Table Unlimited A La Carte Buffet as we offer the best from the region in Chinese cuisine. RAFFLES MARINA 10 Tuas West Drive *****04 Tel: 6861 8000 Fax: 6861 1020 Email: ahoyfwrafflesmanna.com sg Web Site: www.rafflesraaiina com.sg
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    • 27 35 Arguably the BEST 2 selection of TOP Australian wines in Singapore #02 02 Tanglin Shopping Centre Next to Orchard Parade Hotel Tel *****213 987b2699 *****170 1 V,y..
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    • 23 35 6 fhcsc ly (CK p#f rnoin course Jf463Gto6f Oxford Hotel 218 Ojeen Street Singopore *****9 i ■Mn iX—il li 'i iiiiM lllliil if
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    • 165 35 For An Exquisite Christmas 24 25 December 2004 Christmas Eve Day 5-Course Set Dinner $68 per person, Inclusive of 2 glasses of wine Dine lavishly in the tranquil courtyard of Wok Grill for Christmas! Savour exquisite creations like Pistachio Coated Foie Gras, Homemade Celery Cream Soup, Roast Beef Tenderloin or
      165 words

  • Page 36 Advertisements
    • 48 36 ifer-4fef, SIIH ■k, %a, .91 \dH I ££> .«ai^, j»» ,t, .jg. J ■-~■••>.. /LI I i B I —i v i m Jife- o J **#I*' »«:»«wMMMMaE—%■ .< .•«f^ l '■M' toewMill •I«»CVe o«i<iTtkV -VtKI i&gfr. %.'a--\. U', lttiittfl^^^^^^^^^^MMHHHFV'*4v, .r v» '..A. Sj&SfW" j- s.pivjfltw.y^^l.^"-^K^ffi.fl'gT;,*£ itfo' r&UiiaK-'i' fili&fP'W. .f/
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