The Business Times, 13 December 2004

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Total Pages: 30
1 30 The Business Times
  • 16 1 THE BUSINESS TIMES SINGAPORE 85 cents online at http^/busmess-time&assal.conksg MICA (F) Q23K8Q004 Monte*, Detente 13l 20M
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  • 740 1  -  It bought the most foreign assets by volume By SIOW LI SEN [SINGAPORE] Singapore is the largest buyer of foreign assets in the region by volume, reflecting its saturated domestic market, and this trend is likely to continue, according to Vishal Sharma,
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  • 137 1 MARKETS Week Chge STI 2016.33 -45.25 KLSE COMP 894.23 -22.94 NIKKEI 225 *****.80 -318.09 HANG SENG *****.81 -310.03 SET INDEX 648.78 -15.06 JAKARTA COMP 945.23 -36.18 MANILA COMP ....1753.47 -63.52 TAIPEI TAIEX 5911.63 +18.36 SEOUL COMP 844.85 -37.70 SHENZHEN B 238.21 -2.10 AUSTALLORD 3911.40 -40.00 DOW JONES *****.22
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  • 46 1 TOP STORIES PG 2 MARKETS PG 4,6 COMPANIES... PG 5,7 DINING OUT PG 10 ECONOMY PG 13 M'SIA/INDON.. PG 14 CHINA PG 15 INDIA PG 16 ASIA-PACIFIC.. PG 17 WORLD PG 18 AVIATION PG 19 SHIPPING PG 20 STOCKS PG 22,22 BIZIT PG 28 30
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  • 367 1  -  You only have to win a series of software quizzes By RAJU CHELLAM in San Francisco CALLING all software developers, computer programmers and systems analysts in Singapore. Here's your chance to win a free trip to outer space. All you have to
    367 words
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    • 44 1 Sun Microsystems CEO /vHI on the future of personal computing pg 30 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. 8 |U
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    • 30 1 CAO DEBACLE Global markets may look closer at IPOs: analysts pgs VIEWS FROM THE TOP FOREIGN TALENTGETTING THE RIGHT BALANCE Should the government further liberalise companies' access to foreign workers?
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    • 27 1 FAMILY FEUD Reliance chief to abide by mother's wish to settle power struggle PGI6 H B9 K'fl Hlr Mm B*9 m %L lr Santos 100 1904-2004 Ca/lie/'
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    • 5 1 YOUNG INVESTORS' FORUM financial institution
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  • 760 2  -  COMMENTARY An academic analysis of the casino-for-Singapore proposal is based on questionable assumptions and biases VIKRAM KHANNA Associate Editor ON DEC 3, BT ran an article by two Singapore-based academics, who ambitiously purported to estimate the net quantitative impact on Singapore's GDP of a casino
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  • 757 2  -  WALL STREET INSIGHT FOMC statement will set mood for trading this week By ANDREW MARKS in New York THE black cloud of rising interest rates will come floating into view this week as the Federal Reserve's policy-making committee gathers tomorrow for an expected short-term rates
    757 words
  • 564 2 CAO scandal will raise wariness about Chinese IPOs THE China Aviation Oil affair involving US$55O million losses in speculative oil derivate trading will push foreign investors to take a closer look at future Chinese share sales, say analysts. It has once again drawn attention to the problem China
    564 words
  • Page 2 Advertisements
    • 278 2 (ML 70e (fatyutiulcLte 2004 The Singapore Indian Chamber of Commerce Industry on its 80th Anniversary the launch of the inaugural SICCI-DBS Singapore Indian Entrepreneur Awards Alkemal Singapore Pte Ltd Maxgrow Pte Ltd 3 Shenton Way #12-01 A Shenton House 1 North Bridge Road #14-04/05 Singapore *****5 High Street Centre Singapore
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    • 23 2 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.
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  • Page 3 Advertisements
    • 209 3 ADVERTISEMENT i PUBLICIS I Severine Charbon f Regional HR Director I INTERNAL MEMO i 10 December 2004 I I fc Bravo, Guillaume! Last night's MEDIA awards ceremony was simply unforgettable, wasn't it? I can't begin to express my pride and joy in your much-deserved acclamation as Regional Agency Head of
      209 words

  • SINGAPORE MARKETS
    • 696 4  -  STOCKS R SIVANITHY Senior Correspondent What are the chances of a year-end rally? This has to be the question at the forefront of everyone's minds as we head into the final two weeks of 2004 with a possible fifth US interest rate hike
      REUTERS  -  696 words
    • 456 4 Compiled by Thomson Financial I/B/E/S OTHER SINGAPORE INDICES Dec 10 VALUE CLOSE BT OB/OS -590.00 +4SL00 BT CADI -47.00 BT 10-day MA -*****.00 -59.00 All-SG Equities 516.53 +2.51 SG Equities Elect 159.23 +1.68 SG Equities Fin 1579.74 +7.13 SG Equities Prop 500.79 +4.59 SIMSCI 239.46 +1.47 SiMSCI Futures
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    • 333 4 CURRENCIES AFP IHONG KONG] Asian currencies retreated against the US dollar as it rallied following a period of heavy falls. Japanese yen: The yen dipped to three-week lows against the US dollar as the greenback was bought back for technical position-adjustment after its recent
      AFP  -  333 words
    • 83 4 Investor events to watch out for Kyodo-Allied, transfer to mainboard from Sesdaq, Dec 13 HoWah, EGM, Dec 13 Cheung Woh's dividend payment, Dec 13 GP Ind's dividend payment, Dec 13 CSA's dividend payment, Dec 14 Ezra Hldgs, AGM, Dec 15 Natsteel, EGM, Dec 15 Mentor Media's dividend payment,
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    • 594 4 Payment E« Books Pay Payment Ei Books Pay l<tt> Bat? dose date (<*») <»te dow i*|t Action Asia 10c w 050 02 Dec 02 0k 700k MFSTethlOc f 0 SSTS 17-Mar U«U> 31 Mil AP« Breweries f 14N 31-Jan 0H«b l6-f«b MFSTethlOc in I?-Uar 22M# )14tp Asia OvkorHK
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  • COMPANY NEWS
    • 685 5 Analysts say it could spur demands for discounts by investors AFP [BEIJING] The arrest of the chief executive of China Aviation Oil (CAO), listed in Singapore, will push foreign investors to take a closer look at future Chinese share sales, analysts
      AFP  -  685 words
    • 530 5  -  Ernst Young worked on Auston's 2002, 2003 results By KENNETH LIM AUSTON International's revelation that it wrongly reported its financial results for the past three years has cast a spotlight on its auditors, Ernst Young. Auston said on Wednesday that, pending a further
      530 words
    • 474 7  -  Principal issues could not be satisfactorily resolved By ANDREA TAN RAFFLFS Medical Group (RMG) has called off its proposed RMIIO million (Ss4B million) acquisition of Pe-nang-based Island Hospital Sdn Bhd (IHSB), which the mainboard-listed group unveiled six weeks ago as a
      FILE PHOTO  -  474 words
    • 530 7  -  HOCK LOCK SIEW By R SIVANITHY IT MUST surely have rankled China Aviation Oil (CAO) shareholders to see chief executive officer Chen Jiulin's grinning countenance plastered all over the front pages of the daily newspapers last week. Although we cannot, at this stage, jump
      530 words
    • 417 7 The notes will be issued in US dollars and British pounds Bloomberg (LONDON) Global Crossing Ltd, a fiber-op-tic network operator that emerged from bankruptcy a year ago, will sell US$35O million in notes to get the cash the company had said it needed for
      Bloomberg  -  417 words
  • Page 5 Advertisements
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  • SINGAPORE MARKETS
    • 1081 6  -  INSIDE MARKETS 63 purchases worth $7.9m last week versus 18 disposals worth $5.3m, reports ROBERT HALILI ROBERT HALILI DIRECTORS and substantial shareholders I were very bullish on the local market last week with buyers outweighing sellers in II every trading category based on filings from
      1,081 words
    • 1127 6  -  TEH HOOI LING Senior Correspondent Funds were pulled out of the second-liners in the Singapore market in a rather drastic manner and, as a result, most of our portfolios suffered one of their biggest one-week losses since they were set up in FebruaQ[^oo3. LasfweelT tfTeTStraits"limes*lndex
      1,127 words
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  • Page 7 Advertisements
    • 161 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
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  • VIEWS FROM THE TOP
    • 1286 8 THIS WEEK'S TOPIC Should the government further liberalise companies' access to foreign workers? If so, how should this be done? There is clearly a demand for foreign talent in sectors where the required resources are just not available locally. But a gate-keeping approach is needed
      Illustrations by Jacqueline Phua/Ben Cruz  -  1,286 words
  • Page 8 Advertisements
    • 58 8 e-Club are Singapore's whom BT editors would like to interact with in an atmosphere of informality and trust This'club'is a virtual mainly via e-mail. Each week, we will invite comments from these top executives on various economic and corporate issues. Their views will then be published in this weekly section,
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  • SINGAPORE NEWS
    • 348 10 The new MediShield coverage scheme is expected to begin by July, Health Minister Khaw Boon Wan said yesterday. Another round of public consultation will be conducted before details of costs are released in the next two months, Channel News Asia quoted
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    • 515 10  -  S'pore in running to be base for global development of a product group By DANIEL BUENAS SENNHEISER Electronic, one of the world's leading manufacturers of professional and consumer microphones and headphones, plans to invest around US$B million to set up a subsidiary in Asia
      515 words
    • 365 10  -  By NANDE KHIN ARE you an energetic Dynamo or a conservative Day-Grinder? Or, perhaps, you are an impulsive Fledging. According to a recent Nielsen Media Research study, based on your consumption patterns, you belong to one of seven archetypes. "Each of us
      FILE PHOTO  -  365 words
  • Page 10 Advertisements

  • DINING OUT
    • 1000 11  -  CHEAH UI-HOON suggests some places where you can start indulging now if you can't wait till Christmas to start feasting CHEAH UI-HOON fIMMgpWM IS the season to start feasting as restaurants and hotels roll out the roast turkey, roast beef and honey ham, plus logcakes and puddings
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    • 248 11 One-Ninety restaurant. Four Seasons Hotel $47 per person, from 11,30 am to 3pm. From Dec 6-24. Tel: 6831 7250. A buffet spread of modern European festive cuisine. The carving station includes traditional roast US turkey and honey baked ham. Greenhouse, Ritz Carlton Hotel $42 pp from
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  • Page 11 Advertisements
    • 109 11 1171 A 1* J i. i. Presented Diners Club Credit Card 6416 0980 Where to wine, dine and entertain... Arguably the BEST 2 selection of TOP Australian wines in Singapore #02 02 Tanglin Shopping Centre Next to Orchard Parade Hotel Tel: *****213 *****699 *****170 'Xt' Recruit from a wider audience
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    • 26 11 dei,COvs vcU 0 Comes with 1 cfro*e of C/% QA -4M t Pleose coll 6430 4119 to moke reservotions Oxford Hotel -218 Queer Street Singopore *****9
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    • 81 11 4k '*&> Flh *1 L" |f| y H Watch a bevy of beauties show off the latest in leisure wear at Discovery Pub's Friday Fashion Nite. Show starts at 9pm every Friday. Also catch our happy hour from 3pm to Bpm on weekdays and all day weekends. RAFFLES MARINA 10
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    • 253 11 MERITUS MANDARIN SINGAPORE SmU'lSitfkt Semi-buffet Lunch: IOD 12.00 noon to 2.30 pm Of trie Monday to Friday. /t\ S3B+++ per person \Jz Revolvioc Reservations: 6831 6258/88 MERITUS MANDARIN 333 Orchard Road, Singapore *****7. Tel: +65 6737 4411. Fax: +65 6732 2361. Raffles Country Club Le Jrencfi "Restaurant Open to Public
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  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • 766 12  -  By Nande Khin Illustration by Choo Hua Keong DEALING with financial institutions such as banks* brokerages and insurance companies is an unavoidable part of our lives, and some problems, big or small, are bound to crop up in the course of our interactions. This week,
      Illustration by Choo Hua Keong  -  766 words
    • 676 12  -  CAMPUS LIFE Michael Furdyk, co-founder of an Internet organisation, talks to NANDE KHIN about his mission NANDE KHIN rO-FOUNDER and director of technology with TakingltGlobal.Org, Michael Furdyk, 22, has one major, preoccupation in life right He wants to enable "youth around the world to get access
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  • Page 12 Advertisements
    • 251 12 Be smart with your finances FANCY becoming the next Warren Buffett or George Soros? Or even the famous Robert Kiyosaki? Then read on. The Young Investors' Forum, part of the BT-Citibank T ertiary Outreach Programme, isn't another dry page out of your financial textbook. To complement our editorial content, we
      251 words

  • ECONOMY WATCH
    • 370 13 Reuters ICAIROI Opec oil producers said over the weekend that they had already moved to rein in excess supply, a day after doubts about the group's resolve to cut supplies sent prices into a tailspin. Oil prices fell 4 per cent
      Reuters  -  370 words
    • 716 13 Buying up US debt in huge amounts has let Americans spend too freely Reuters [WASHINGTON] Have Asia's central banks lulled Americans into a false sense of security? While the collapse in US household savings rates over the past decade to near zero make it
      Reuters; BLOOMBERG FILE PHOTO  -  716 words
    • 441 13 Reuters [GFNFVAJ Two major world labour union groupings on Friday set course for a merger to boost their struggle against what they see as growing worker exploitation as big companies tighten their grip on the global economy. The link-up, expected to be finalised
      Reuters  -  441 words
    • 447 13  -  By ANNA TEO [SINGAPORFI World economic growth is set to slow from 4 per cent this year to 3 per cent in 2005, but four "potentially serious threats" could turn the mild slowdown into a slump, says the Economic Intelligence Unit
      447 words
    • 174 13 AFP [BEIJING] China announced on Saturday it has lifted restrictions on the import of steel, natural rubber, wool, acrylic fibers and plywood according to its obligation to the World Trade Organisation (WTO), state media said. "All eligible enterprises can import the five commodities (from
      AFP  -  174 words
  • Page 13 Advertisements
    • 1335 13 Info session with Dr. Simon Stobart f, Principal Lecturer- Post Graduate Programmes Coordinator Admission is free. However, due to limited seats we request that you book your place early. For bookings, please call 6236 1560 or 6236 2476. This programme is designed to provide computing graduates with advanced skills and
      1,335 words

  • MALAYSIA/INDONESIA
    • 494 14 Approval puts exchange on track to list by end of first quarter next year Reuters. Reuters, Bloomberg [KUALA LUMPUR] Malaysia's stock exchange won shareholder approval on Saturday for its proposed initial public offering next year. The sale was approved by a simple majority
      Reuters.; Reuters, Bloomberg; AFP  -  494 words
    • 174 14 Reuters [DHAKAI Telecom Malaysia International Bangladesh (TMIB), the country's sec-ond-largest cellular phone operator, said on Saturday it will invest US$3OO million in the country by 2006. 'This investment will be for network expansion and upgrading of systems with latest technologies and more products," Vijay
      Reuters  -  174 words
    • 284 14 Bloomberg [JAKARTA] The way has been cleared for a stake sale with PT Bumi Resources agreeing with the government to value its PT Kaltim Prima Coal unit at US$l.45 billion. The government expects the sale of 32.4 per cent in Kaltim
      Bloomberg  -  284 words
    • 8 14 Compiled by Thomson Financial I/B/E/S
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    • 762 14  -  MALAYSIA INSIGHT All agree that when change happens on the exchange rate front, it will be unexpected S JAYASANKARAN KL Correspondent HOW things change. Way back in the late 1980s then finance minister, Daim Zainuddin once commented acidly on Malaysia's management of its
      762 words

  • GREATER CHINA
    • 618 15 The 1.97 billion shares offered is priced at the top end of the range Bloomberg. Reuters [HONG KONG] The Hong Kong government priced shares in the city's first real estate investment fund at the top end of the range, raising US$2.7 billion. The
      Bloomberg.; Reuters  -  618 words
    • 561 15 TAIWAN ELECTION Bloomberg [TAIPEI] The victory of Taiwan opposition parties on Saturday in retaining control of parliament is good news for markets, said analysts yesterday. The vote "is good news for financial markets," said Andrew Yang, secretary of the Council for Advanced Policy Studies
      Bloomberg; REUTERS  -  561 words
    • 524 15 AFP. Bloomberg [BEIJING] China will end a near four-month suspension of initial public offerings (IPOs) in 2005 when institutional investors will have more say in pricing, China's top securities watchdog said last Saturday. From Jan 1, companies and underwriters wanting to launch IPOs
      AFP.; Bloomberg  -  524 words
    • 218 15 AFP [BEIJING] China has blasted as "unfair" a US decision to leave punitive duties in place following accusations that Chinese wooden furniture was "dumped" in the United States, state media said yesterday. "If the information is true, then this decision is unfair to
      AFP  -  218 words
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    • 166 15 w I F k v i Vtll NIIM WITH MMTp JteftifuiKtiotMil (opiin, v H WkM kvT 1 I i ;Tft > s .HQJo MUsf'i i V sss a U-C2MM M-M7OOU/IM2OU/MSSOU g x AKM3OOU/M350/M450 M-M205/MIM Ful Cotou Digital Loser MuMundional SysJem AMUJ4 I unc, ona DigitdMulllunctiond System (jßpa/rvmfianm 70/62/55 cpm/ppm u.Minti»nd
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  • INDIA
    • 454 16 Chairman Mukesh hasn't sought legal separation of business: source AFP [MUMBAI] It has fallen on the mother to resolve a bitter fraternal power struggle at India's biggest private company that has transfixed the nation for weeks. Mukesh Ambani, chairman of
      AFP; REUTERS  -  454 words
    • 543 16 [MUMBAI] The bitter dispute between Mukesh and Anil Ambani, the brothers disputing ownership of Reliance Industries, India's largest private sector company, is being conducted almost entirely through the media, says a report in the Financial Times. For more than two decades, India's media had
      AFP  -  543 words
    • 208 16 Bloomberg [NEW DELHI] Indian Finance Minister Palaniappan Chidambaram said the central bank is taking steps to reduce surplus cash from the banking system and slow inflation. The Reserve Bank of India, the central bank, in its twice-yearly review of monetary policy
      Bloomberg  -  208 words
    • 508 16 Cheap loans, rising rural incomes lift spending in Oct Bloomberg [MUMBAI] India's industrial production grew at its fastest pace in almost seven years in October as cheap loans and rising rural incomes boosted spending during the Hindu festival season. Production at factories,
      Bloomberg  -  508 words
  • Page 16 Advertisements
    • 170 16 JALAN KELULUT'S BEST-KEPT SECRET... SPICE N WINE CAFE's Indian Western Cuisine Imagine enjoying exotic Indian fare and irresistible Western delights, topped with a good glass of wine and other alcoholic concoctions all in a great-for-chilling-out ambience... It's right here at SPICE N WINE CAF£, the dream dining outlet for a
      170 words
    • 10 16 I Lianhe Zaobao B IPO shares SBm I I B
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    • 58 16 THE BUSINESS TIMES/THE HOUR GLASS CONTEST Congratulations to our 3 lucky winners! 1 st Prize: A SINN Model 900 timepiece Saw Kim Seng 2nd Prize 3rd Prizes: A SINN Model 756 timepiece Han Hai Juan Teo Kai Ling 6 will be writing to you regarding the collection of your prize.
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  • ASIA-PACIFIC/WORLD
    • 438 17  -  Confidence may dip amid slowdown in demand from US, China: analysts By ANTHONY ROWLEY in Tokyo THE fate of Japan's economic recovery will become clearer on Wednesday when the Bank of Japan publishes its latest quarterly tankan survey of corporate sentiment. A
      438 words
    • 468 17 AFP [TOKYO] Sony launched a frontal assault on Nintendo's domination in the portable game console market yesterday by kicking off sales of its new Play Station Portable (PSP), drawing long lines in Tokyo. About 660 people lined up in front of a Bic Camera
      AFP  -  468 words
    • 514 17 Reuters [NEW YORK] While cost savings and competitive pressure are still the most attractive reasons for sending jobs offshore, a new study shows that a lack of enthusiasm for entry-level positions in the US and a talent shortage are also driving the
      Reuters  -  514 words
    • 465 17 With more than 15,000 stores in 34 countries, Spar is now moving into China IHT [PARIS] In the Netherlands, "spar" means "fir tree" like the green symbol that adorns Spar grocery stores. In Dutch, as in German, it also means "save." And the
      IHT  -  465 words
    • 502 17  -  By AL LABITA in Manila PHILIPPINE stocks and the peso look headed for a sharp, deep plunge amid talk that foreign credit rating agencies will cut sooner than expected the country's credit ratings by two notches that could prove costly to a
      502 words
  • Page 17 Advertisements
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  • WORLD
    • 563 18 Directors' options align them more with management than shareholders NYT [NEW YORK] Trying to extricate company directors from their chief executives' pockets has been at the heart of many changes in US corporate governance during these dizzying scandal years. Indeed, the most commonly cited cure-all
      NYT  -  563 words
    • WORLD WATCH
      • 75 18 Reuters [FRANKFURT] Siemens has taken a preliminary decision to dispose of its loss-making mobile phone division, German newspaper Frankfurter AUgemeine Sonntagszeitung reported yesterday. The company is at the very least looking for a partner for a sale of part of the unit, the paper
        Reuters  -  75 words
      • 79 18 Reuters [DUBAI] Citigroup said it has joined Dubai Metals $nd Commodities Centre (DMCC), a state-run free zone that aims to make the Gulf emirate a regional hub for commodities. The bank had also joined the Dubai Commodities Receipt system, which was launched in September as
        Reuters  -  79 words
      • 96 18 Bloomberg [PRINCETON] Wal-Mart Stores Inc, the world's largest retailer, said December sales at US stores open at least a year are rising within its forecast for a gain of as little as one per cent, buoyed by food sales. The company has forecast a gain of
        Bloomberg  -  96 words
      • 66 18 Bloomberg [NEW YORK] US Treasury Secretary John Snow considers the creation of a new regulator for Fannie Mae and Freddie Mac the top legislative priority for financial services, said Senator John Sununu, a New Hampshire Republican. Fannie Mae and Freddie Mac own or guarantee almost
        Bloomberg  -  66 words
      • 89 18 Bloomberg [NEW YORK] Lucent Technologies distributed 200 million warrants to buy shares as part of a more than US$6OO million settlement of shareholder lawsuits. The warrants, part of a December 2003 agreement, allow the purchase of shares of common stock at U552.75 each. They were
        Bloomberg  -  89 words
      • 56 18 Bloomberg [NEW YORK] Time Warner Inc will take a US$6O million pretax charge for severance benefits related to job cuts at its America Online division. The charge will apply in the fourth quarter. On Nov 3, it said restructuring at AOL would cost US$5O
        Bloomberg  -  56 words
    • 287 18 Reuters [LONDON] The London Stock Exchange says it is experiencing very strong growth in trading volumes in the booming sector of exchange traded funds (ETFs), and expects to overtake rival exchanges to be number one in ETFs in Europe. ETFs, which are
      Reuters  -  287 words
    • 651 18 NYT [WASHINGTON] President George Bush has nominated Samuel Bodman, the deputy Treasury secretary and a former executive in the chemical industry, as the secretary of energy. As the former chairman and chief executive officer of Cabot Corp, a company that imported
      NYT; REUTERS  -  651 words
    • 341 18 White House now likely to turn to a 'safer' nominee LATWP [WASHINGTON] The abrupt withdrawal of the White House's choice to head the Homeland Security Department is an embarrassing setback for President George W Bush's effort to put his second-term Cabinet in place quickly and
      LATWP  -  341 words
  • Page 18 Advertisements
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      90 words
    • 196 18 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF SURIA PARTNERS PTE LTD (In Members' Voluntary Winding-Up) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act Cap. 50. that the FINAL MEETING of the members of the abovenamed
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  • Page 18 Miscellaneous
    • 315 18 CRYPTIC CROSSWORD Rebuked for being carried to 9 Country danam a crime be- g 10 Good horses generate com- Lm U 12 Old city ceremony that's turn- HfTM 13 Set a target for races at Henley mm 14 Bound to come across reststance, though exhausted (5) He a shabby multiple
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  • AVIATION
    • 557 19 Following rapid Asia expansion, it has set sights on direct flights to US AFP [HANOI] Yesterday Vietnam, today Asia, tomorrow the United States: Vietnam Airlines has expanded to the point where it is even eyeing the huge American market, a move which would
      AFP  -  557 words
    • 259 19 Bloomberg [BANGKOK] Thai Airways International pel, the country's biggest carrier, said it plans to spend 67 billion baht (552.79 billion) this fiscal year on new aircraft, facilities at Thailand's new international airport and other assets. The carrier will take delivery of
      Bloomberg  -  259 words
    • 410 19 Bloomberg [TOULOUSE] European Aeronautic, Defence Space Co (EADS), the controlling shareholder of Airbus, approved the plane maker's 4 billion-euro (558.75 billion) plan to develop a new long-range aircraft, the A 350, to challenge Boeing Co. The A 350 is a variant of Toulouse, France-based Airbus's
      Bloomberg; AP  -  410 words
    • LOG BOOK
      • 102 19 AFP [NEW DELHI] India has decided to set up an aviation watchdog and says the national regulator will steer a 400 billion rupee (Ssl 5 billion) programme to revamp the country's ramshackle airports. Montek Singh Ahluwalia, No 2 in India's national planning agency, said
        AFP  -  102 words
      • 88 19 Bernama [KUAIA LUMPUR] Malaysia Airlines (MAS) and its parent company Penerbangan Malaysia Berhad (PMB) have agreed to the selection of Rolls Royce T rent 900 engines for the six Airbus A3BO aircraft purchased from Airbus, MAS said in a statement here last Saturday.
        Bernama  -  88 words
      • 128 19 Reuters [LONDON] Pilots at British no-frills airline easy Jet are baring all for charity in a nude calendar shoot they hope will take off in the shops this Christmas. The calendar features photos of naked pilots on the flight deck and cavorting on the
        Reuters  -  128 words
      • 161 19 AFP [TOKYO] Japan's biggest heavy machinery maker Mitsubishi Heavy Industries will invest 80 billion yen (Ssl .26 billion) to build wings for Boeing's next-generation 7E7 Dreamliner jet, a company spokesman said late last week. Some 40 billion yen will be used to set up a
        AFP  -  161 words
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  • SHIPPING
    • 285 20 Bloomberg [LONDON] Oil tanker rates for shipping 80,000 metric tons of crude from the North Sea to Europe fell to the lowest in more than two months as a shortage of cargoes for December loading prompted shipowners to cut tariffs. "The
      Bloomberg  -  285 words
    • 688 20 Fuel from wrecked ship threatens endangered marine life AFP [ANCHORAGE, Alaska] Thousands of gallons of fuel oil spilling out of a Malaysian freighter that snapped in two off the US state of Alaska have put the Aleutian islands' fragile ecosystem in jeopardy, fuelling fears
      AFP; AP  -  688 words
    • 129 20 AFP [JAKARTA] A Chinese crewman remained missing after a tanker functioning as a fuel station for fishing boats caught fire in the sea off the Indonesian province of Maluku, a port official said yesterday. Ten people were rescued. The PSTJ-03 tanker, floating in
      AFP  -  129 words
    • 385 20 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
    • 78 20 [SHENZHEN] The MSCllona. a container ship registered in Germany, is seen leaking oil from its fuel tanks into the South China Sea after colliding with a Panamanian vessel. The oil tank on the MSC Ilona, which was heading to Shanghai from Shenzhen, was punctured during the collision
      AFP  -  78 words
    • 281 20 Reuters (OSLO] A possible merger between Norwegian tanker group Frontline and US rival General Maritime would make operational sense by creating a suezmax power house, analysts said. Crude oil transport company General Maritime said on Wednesday that Frontline had bought an unspecified amount
      Reuters  -  281 words
    • 211 20 Reuters [HONG KONG] Beijing-backed container leasing and port investor Cosco Pacific is in talks with China's Ningbo Port about investing in a new container terminal, newspapers reported yesterday. The port of Ningbo, China's busiest after Shanghai, said in November it planned
      Reuters  -  211 words
    • 298 20 SGX '000 Pec 10 SS +1- Vol CH Offshore 0.37 -0.01 525 Chuan Hup 0.63 uncti 1798 Cosco Corporation 1.05 0.01 4754 CWT Distribution 0.57 unch 61 Ezra Hldgs 1.16 0.01 33 Freight Links 0.09 unch 563 Grand Banks Yacht 0.99 0.07 9249 Java Holdings 1.02 unch 1122
      298 words

  • 4142 21 STRAITS TIMES INDEX STOCKS Stack name W1 Oote Change itwt— <m Oaf Of 9« AJIgrenSOc 0J0 1060 0 010 NOL Ml 2.940 0010 BtL Intl US2£k 0 *4 0 950 OOOS OCBC 985 13 100 «0 M» Capitaiand 134 2 OCC *0020 ParicwayH2%c C 67 1440 Chart SemiCond
    4,142 words

  • 3320 22 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES m local cun la St in USJ Sdy *yr Syt %dy *yr Dt< >0 Index Change Change Change Change Change Change Worlo <nde> Pretirrnnary 830 7 0.0 6.7 Oil 60 0.1 89 I tAft Preliminary 7490 02 6.8 Ot 8 7 -01 116
    3,320 words
  • 929 22 COMMODITIES: WEEKLY ROUNDUP AFP [LONDON] World oil prices see-sawed over last week through a series of conflicting pressures, with the market eventually finishing up where it started after industry cartel Opec (Organisation of Petroleum Exporting Countries) trimmed recent abovequota production. Precious metals,
    AFP  -  929 words

  • Page 23 Advertisements
    • 1470 23 I TO USA/CANADA I EXPORT I I OTHSft DESTINATIONS I vtga |WT \m TO AUSTRALIA (AUSTRALIA ASIA EXPRESS! OOQWTTBtDAM OKSI 1VI? 15/12 31/1? Ml 07M 05/01 Ml 0«/0l wca "wfraflHl PTC fftt )IW —SYO I MB AM OOQWMGW 06£52 OMIT 72/12 I 07/01 Ml 14/111 Ml Ml Ml rtO NBXiOYD
      1,470 words
    • 885 23 mum m n to sm m SIMITSWnWE/17 IS 17 0»/12 17/17 14/17 It/17 71/17 STUiTS VBfIUK/II 1$ 17 73/17 74/17 30/17 07/01 04/01 |smiSVßm<g/1 15 17 I VP I 14/01 11/01 [WIST AHA/MNOAI tOUO SVS VBSa/VOT VWKT) HBGHT(M) TW KH KHM M ISi I WG KM CW HaT~| MMM MftSfY
      885 words

  • Page 24 Advertisements
    • 1178 24 MOL Combines a range of shipping modes to ensure timely, reliable services covering major ports in > Norm America, Europe, Japan, Asia, Africa Oceania. Also actopt intra-Asia Cargoes to: BUSAN KWANGYAHG SHANGHAI YANIIAN XIAMEN QMGDAO BOAWAN JAKARTA SURABAYA KAOHSRWG BANGKOK lAIM CHABANC KOQHIUNH PASIR GUPAHG PEHANG PORT KttANO For Schedules,
      1,178 words
    • 1394 24 [VBSE^^^^[fflY|siinjKTlHKG I KHH VESSEL VOY SIN JKT SUB HKG USW PUS HY VLADIVOSTOK 151S 9/1? 11/1? 16/1? 18/12 20/12 22/12 72/12 KMTC SINGAPORE 417S 19/12 22/12 23/12 28/12 1/1 2/1 HY PROGRESS QMS 16/12 H/12 23/12 25/12 27/12 29/12 29/1? KMT( SHANGHAI 41SS 26/12 29/12 30/12 4/1 8/1 9/1 |HY
      1,394 words
    • 1031 24 WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICD POINTS VESStI VOT SIN P.KLANC COLOMBO N. SHEVA COLOMBO RAJIViMMM JESSE JfiM omit 13 dec it dec I9DEC BAV BRID6E 004W 13 DEC ISDtC 18 DEC 21 DEC 24 PEC MMfil 0002W 20 DEC 22 DEC 25 DEC
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  • Page 25 Advertisements
    • 805 25 IAJW WALLENIUS WILHELMSEN website: http://www.2wglobal.com VtSStl "VOY RAMP HtIGHT SIN IK ~MAO~ HOW MIA SAV lAI ORF MYC ~NtW~ MOI TAMtSIS AF424 320T0«s 6.4 M 19/12 08/01 19/01 26/01 27/01 31/01 30/01 02/01 23/01 TAMPA AFSOI 420T0« 6.4 M 01/01 24/01 02/02 09/02 10/02 14/02 12/02 16/02 06/02 TARAGO AFSO2
      805 words
    • 1603 25 VtSSII VQY m POU JttSStt YQI SKI JUL PAC lANDA 1357N 04/12 09/12 P*C lINTAN S22Z 09/12 12/12 CSF 2301 0067P 09/12 11/12 _EKJUU 4144 LM2 14/12 P»C lANDA 13S8N 10/12 10/12 ukmwti JJ24 14/12 17/12 PACIANDA 1359 M 11/12 12/12 PAC HNTAN 9278 lt/12 19/Ij_ QH3OI 0068P imi u/12
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    • 717 25 BSAx MYANMA ffl FIVE STAR LINE (Myanmar National Line) Loading for Yangon VESSEL VOY SIN PKI PEN PGU PAGAN 336W SLD SLD HPA-AN 326W SLD IN MALAYSIA: BOUSTEAD SHIPPING AGENCIES KUI/PKI: 03-*****388 PEN: 04-*****15 ACCEPTING CONVENTIONAL CGO HKG SIN HKG SIN PGU PKI KUC MAPI LI 100 SLD SLD SLD
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  • Page 26 Advertisements
    • 1603 26 rn ft r\ S pore Agents; lAI Skipping Agency (S) Pte ltd (CR NO: 16S*****000Z) \Wv (f I 180CeolStreet, #11-03 Bonokok Bonk Building, Singopoteo49s46 CLT'ttlOfdSlCt Tel 6323 6466/77 Fox: 6323-6433 Website: www.iiterosidiiei.coa SUPER EXPRESS SERVICE TO HONQ VtSStL VOY OSK KOt SMZ TTO YOK HUG PHI SGf VtSSR VOT PKI
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    • 1243 26 f~f~] I lIVICC MAIN: TIL 6221-1333 FAX: 6221-5272 I flTft r LI IH CO CUSTCKHBISaVKI;TIL 6221-5596 FAX: 6227-8190 I /LJim SINGAKKE: TOWC XX) SHIPPING TH LTD ONflfufsSSwo? ia >"*>»•» Wtkli,r I vtssti W rasm "ioT~ "wi vtssa W hasw uu vtssii vor ftasih siiu vesa W roswwcow S. PAHJAWG 4047
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    • 531 26 ■PJfJfll TIGER WAVE 242N 14 15/12 21 23/12 28 29/12 1 ■IMmImI TIGER PEARL 243N 18 19/12 24 26/12 01-02/01 TIGER SKY 244N 21-22/12 28 30/12 04-05/01 I ■■■■■TIGERSEA 245N 25-26/12 314)2/01 08-09/01 I TIGER WAVE 246N 28 29/12 04-06/01 11-12/01 »Ii;[rTIi'I:WTIGfrSPIRIT 094 14-15/17 71-2.Vl^^Ull^lT ■fßffflM XPRES LHOTSE 613 18
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  • BizIT
    • 619 28  -  <cool stuff> That's a dilemma if you already use an XDA II. But for everyone else, shopping for a powerful and attractive PDA-phone just got a whole lot easier, says KENNETH JAMES KENNETH JAMES IT grabs you from the word go. Soft and smooth to the
      CHRIS LOH  -  619 words
    • <what's new>
      • 71 28 STARHUBS Blackßerry service, which uses "push-based" technology to deliver e-mail access to its handheld devices in real time, now includes real-time financial information services. Blackßerry enterprise customers can obtain equity, futures and foreign exchange information from around the world. Prices for this service start at 120
        71 words
      • 58 28 MICROSOFT has released the XBox Action Pack for this festive season. It includes the Xbox gaming system, a controller, the DVD movie playback kit, and a 3-game package comprising Halo. Crimson Skies, and Grabbed by the Ghoulies. The package costs $349, and is available at
        58 words
      • 84 28 SONY Electronics Asia Pacific has launched the Photo Vault, a device that lets users download their pictures from a digital still camera and burn them onto a 200 MB Bcm CD-R without the need for a computer. The Photo Vault also features a video
        84 words
      • 61 28 NETWORKING company Netgear has released the FSIOBP Prosafe 8 Port 10/100 Desktop Switch which features Power-over-Ethernet capabilities. Power-over-Ethernet technology eliminates the need to place the device near a power outlet as the device can draw power from the Ethernet networking interface. The FSIOBP is available before
        61 words
      • 72 28 SECURITY specialist Symantec has released the Gateway Security Appliance 400 series, which integrates a firewall, a virtual private networking gateway, a wireless local area network access point, and antivirus services, into a single device. It also features Symantec's Live Update solution that allows it to
        72 words
      • 67 28  -  Compiled by ROLAND LIM NOKIA has announced the availability of the Nokia 6170, a clamshell design phone that features push-to-talk capabilities, an integrated VGA camera that will also capture video, a 65,536 colour display capable of 128x160 pixels on the inside, and a smaller 4,096
        67 words
    • 288 29  -  Invitation-only Premier Partner programme opens in Asia-Pacific By ROLAND LIM FUJI Xerox has moved to stamp its presence in the growing market for digital production printing with the expansion of its Premier Partner programme in the Asia-Pacific. "Customers today want new kinds of printing
      288 words
    • 251 29  -  By ROLAND LIM The first Microsoft .NET Centre in the region, launched in Singapore last week, will help developers test their applications for interoperability across different technology platforms, company executives said. Microsoft claims that enterprises commonly adopt a dual platform strategy where they use
      251 words
    • <what's up>
      • 53 29 SEMICONDUCTOR manufacturer Infineon Technologies has appointed Loh Kin Wah, president and managing director of Infineon Technologies Asia Pacific, to its management board. Mr Loh has been in his current position since the founding of Infineon in 1999, and will continue to be responsible for
        53 words
      • 80 29 S1NGAP0RF Technologies Telemedia has published a book entitled One Enduring Vision to commemorate its 10th anniversary this year. The book celebrates the company's achievements since its inception in 1994. These include helping to start Singapore's first cable television operator Singapore Cable Vision (now known as
        80 words
      • 71 29 COMMUNICATIONS giant AT&T has started a new Internet data centre (IDC) in Singapore, its sixth in the Asia-Pacific region. The latest centre is one of its four regional hubs in the Asia-Pacific, and is linked to its other IDCs in Hong Kong, Tokyo
        71 words
      • 57 29 LOCAL Internet hosting provider USONYX has launched its Dynamic Dedicated Server (DDS) hosting service. Priced at $148 a month, it claims to offer similar performance to web hosting on a dedicated server despite being a virtual server. It is targeting enterprises with more than a hundred
        57 words
      • 101 29  -  Compiled by ROLAND LIM TWELVE Singapore companies have made it to the Deloitte Technology Fast 500 Asia Pacific 2004 list, which ranks the top 500 leading technology companies in the region based on percentage revenue growth over the past three years. The latest batch
        101 words
    • 466 29 Cox News Service [NEW YORK] Until recently, just about every device with a cord or battery under the Christmas tree came from a company based in Japan, China or somewhere else overseas. Rut something surprising has happened in many sectors of
      Cox News Service  -  466 words
    • 1023 29  -  &lt;you say&gt; M-commerce hasn't taken off in Singapore, but its future remains bright JUSTIN HO IT IS ironic that Singapore, which is advanced in so many other areas of finance and technology, isn't a leader in mobile commerce, or m-commerce, in spite of the deep
      1,023 words
    • 695 30  -  Sun Microsystems CEO says the company is on that road to low cost hardware and software. RAJU CHELLAM reports from San Francisco RAJU CHELLAM IMAGINE a future where your computer hardware and software are free and you only pay for the services you use.
      AFP  -  695 words
    • 300 30 HOW much did your cellphone cost? What's the average price of a handset? What's the average operating margin for a telco's handset business? The answers to those questions give you no clue to the health of the handset industry, says Jonathan
      300 words
    • 263 30  -  By ROUND LIM IBM last week launched two new Radio Frequency Identification Solution (RFID) centres in Singapore, worth a combined investment of $12 million from IBM and Nanyang Polytechnic (NYP). The IBM Asean/South Asia RFID Solution Zone is IBM's first in Asean and South
      263 words
    • 632 30 Reuters (NEW YORK! The prospect of a deal between Sprint and Nextel Communications sparked concerns on Friday about a shrinking US market for mobile network equipment, sending shares of Nextel's key supplier Motorola Inc down almost 8 per cent. Sprint Corp
      Reuters  -  632 words
  • Page 28 Advertisements
    • 55 28 cP THE POSSIBILITIES ARE INFINITE THE POWER TO ACHIEVE Jp? £$tejf vi n f I V w PRIMEPOWER SOLARIS™ SERVERS ENABLED FOR PRIMETIME n Utility computing, synonymous with the 24x7 operational paradigm, is fundamental to the growth of businesses in the Internet age. PRIMEPOWER provides what it needs most and
      55 words

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    • 196 29 foHT e Platform Partner Super Slim All-ln-One PC without Compromising sspc-154 specifications Introducing Advantech Super Slim All-ln-One PC with its sleek and lriterp ntiu Tl 4 ProC 9of M 170 GHz stylish design and high performance features. The Super Slim All-in- t „,T j. 256M8 DOR SDRAM (Upgradeabie to 1GB)
      196 words