The Business Times, 17 December 2004

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Total Pages: 36
1 36 The Business Times
  • 15 1 THE BUSINESS TIMES SINGAPORE 85 cents online at .com.sg MICA (P) 023/03/2004 Friday, December 17,2004
    15 words
  • 521 1  -  Any decision will come after inquiries into CAO are completed By JOYCE KOH [SINGAPORE] Regulators in Singapore and China promised yesterday to look at whether regulatory changes are needed once investigations into the China Aviation Oil (CAO) debacle are completed. In
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  • 140 1 STI 2,034.30 (-14.49) ST INDEX FUTURES 2,041.00 (+2.00) SIMSCI 242.41 (-1.41) SIMSCI FUTURES 242.80 (+0.80) MARKETS Thursday Change KL.SE COMP 904.29 -047 NIKKEI 225 10,924.37 -32.09 HANG SENG 14,024.63 -53.91 SET INDEX 661.42 +4.24 JAKARTA COMP 957.16 +18.01 MANILA COMP 1,820.82 +25.93 SEOUL COMP 873.70 +4.86 SHENZHEN B
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  • 48 1 TOP STORIES Pta I. J COMPANIES... PG 4-9 MARKETS PG 8 SINGAPORE PG 11,13 ECONOMY PG 14 M'SIA/INDON.. PG 15 CHINA PG 16 INDIA PG 17 WORLD PG 19 AVIATION PG 20 SHIPPING PG 21 EDITORIAL PG 22 LETTERS PG 23 STOCKS PG 24,25 LIFESTYLE ...PG 30-36
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  • 528 1  -  MOM: Structural unemployment still a concern, though By CHUANG PECK MING [SINGAPORE] Private sector job openings hit the highest number in three-and-a-half years in September as the unemployment rate tumbled to 3.4 per cent, says a Ministry of Manpower (MOM) report. According
    Source: MOM  -  528 words
  • Page 1 Advertisements
    • 70 1 for Christmas pg 33 (f«HI niJb 1 HOCK LOCK SIEW SGX needs to break away from image of a small-time bourse PG 4 The making ofa corporate giant m*- Jf ■■tT* I Canon Inc president and CEO FuJIo Mltaral, recently voted ontoftht world's moit admirad business laadars by fellow-CEOs, tails
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    • 97 1 HEAUNG |yH on aromatherapy PG 34 AIRLINE BUSINESS Is Star Cruises eyeing Vfciuair stake? PGS S'PORE CASINO Two professors re-examine case for casino resort PG22 FROM CRYSTAL JADE TO f.J IMPERIAL TREASURE Allied h'liiHj, I ho \/ol<'i, in I( k >I it it. 11<m ir who holiovos hi IcIIiik) jbipr
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  • TOP STORIES
    • 437 2  -  Poh Kong Chye had started year hoping to reconnect with younger customers By VINCE CHONG [SINGAPORE] It was the country's oldest goldsmith and a household name among the older generations of Singaporeans. But Poh Kong Chye has shocked customers and some business associates by
      RLE PHOTO  -  437 words
    • 636 2  -  Five local hotels have made it to a list of the best 80 hotels in the world By DANIEL BUENAS [SINGAPOREI Singapore hotels are still among the world's best, according to a survey by Institutional Investor. Singapore ranked third out of 37
      636 words
    • 668 2 Star Cruises to invest in budget carrier Valuair? IS listed cruise line operator Star Cruises investing in Singapore discount carrier Valuair? That is the market speculation after the company sent out invites to a press conference next Monday indicating it would be announcing a "strategic investment in a
      668 words
    • 457 3  -  US$350m deal will make TPV the world's top PC monitor maker By JEAN CHUA [SINGAPORE] Dutch electronics giant Philips said yesterday it will sell its OEM monitor business and part of its flat-screen TV operations to Taiwan's TPV Technology
      FILE PHOTO  -  457 words
    • 329 3 They have been ordered to shape up and to link presidents' pay to results Reuters [BEIJING] China has told 30 major state-owned enterprises to shape up and signed a contract with their presidents linking salaries and bonuses to results, state media said yesterday.
      Reuters; FILE PHOTO  -  329 words
  • Page 2 Advertisements
    • 51 2 Recruit from a wider audience x x JUIU ririii Call 1800 289 8822 or email recruit<§lsph.comjg for your recruitment solutions F 0 0oarm i-leusj Jutout' us.Sag,* UM&on 1 mmliß A Storo bv GOLF I HOUSE SKBT SSSST SKT"" SSSST s®"- KKSST SSSr RSH (Singapore) PIE LTD SBT Sport*Hou* S«xn fa,
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  • Page 3 Advertisements

  • COMPANY NEWS
    • 909 4  -  HOCK LOCK SIEW By R SIVANITHY IT IS heartening to hear that the regulatory authorities are prepared to review the current rules governing listings in the local stock market. At first glance, any such soul-searching is motivated by the various accounting scandals
      909 words
    • 470 4 Bloomberg TEMASEK Holdings, the state-owned Singapore investment group that has been asked to help rescue China Aviation Oil (Singapore) Corp, has sought details of court filings in relation to the oil trader. Lawyers acting for Temasek have asked to view court
      Bloomberg  -  470 words
    • 266 4  -  TROUBLE AT CAO A new survey will gauge the public's perception of firm Reports by Joyce Koh MENTION a company's name, and what images are conjured? What are people's opinions based on its past record? In the wake of the battered reputation suffered by China Aviation
      266 words
    • 282 4 MINORITY shareholders whose money vanished investing in beleaguered China Aviation Oil (CAO) may finally get some answers today. The Securities Investors Association of Singapore (Sias) is meeting the CAO board-appointed task force and the company's independent financial adviser Deloitte Touche this afternoon at
      FILE PHOTO  -  282 words
    • 544 5  -  Company's plan to unveil 'strategic investment' adds fuel to speculation By VEN SREENIVASAN IS Star Cruises investing in Singapore discount carrier Valuair? Weeks of market speculation have gone into overdrive in the wake of the listed cruise liner operators' decision to send out invites
      544 words
    • 543 5 But one tenant says she will appeal the ruling Reuters [HONG KONG] A Hong Kong judge rejected the latest legal challenge to the US$3 billion Link Reit IPO, but the fate of the deal remains uncertain because a public housing resident seeking
      Reuters  -  543 words
    • 137 5 Bloomberg SEMBCORP Marine, one of Singapore's two biggest shipbuilders, said it won a US$l3l million contract to build an oil rig for Norwegian company Petrojack AS, plus options for two more orders. The deep drilling offshore jack-up rig will be built at SembCorp's
      Bloomberg  -  137 words
    • 726 7  -  The foundry is expected to stay in the red next year and possibly the following year By ANGELA TAN SHARES of Chartered Semiconductor Manufacturing sank to an 18-month low yesterday a day after the chip maker warned of deeper-than-expected fourth quarter losses
      Source: Bloomberg  -  726 words
    • 335 7 Further purchases bring holding to 47.21% Bloomberg JARDINE Cycle Carriage Ltd, the sole seller of Mercedes Benz cars in Singapore, raised its stake in PT Astra International to 47.21 per cent and may acquire a majority holding in Indonesia's biggest automobile distributor.
      Bloomberg  -  335 words
  • Page 4 Advertisements
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  • Page 5 Advertisements
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  • Page 6 Advertisements
    • 84 6 WL wrnwwmrnimmmmmmmmmmmmimmmmmmMtmmmm The world's N0.2 holder of U.S. patents. For Canon, originality counts. 4. ©2004 Canon Inc. As a company dedicated to originality, Canon obtained 1,992 patents in 2003. Indeed the company ranks as the number two company in terms of the total number of U.S. patents secured over the
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  • Page 7 Advertisements
    • 107 7 ■^KHii^K;' 4v® i';V \*j* t sr V Tvierry/ €fm&ima& ■.f '> i m c 4 r P} r o&perou& 'New yeai r alternative to sending Christmas cards to clients and friends, we have made donations to selected Singapore charities devoted to the welfare of children. CLIF F O R D
      107 words
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  • SINGAPORE MARKETS
    • 509 8  -  STOCKS Some stocks responsible for Wednesday push, like F&N and Venture, end up as top losers R SIVANITHY Senior Correspondent After shooting up 17 points on Wednesday thanks to some last-minute win-dow-dressing, the Straits Times Index (STI) not surprisingly fell back 14.49 points to 2,034.30
      Source: Bloomberg  -  509 words
    • 1037 8  -  Compiled by JOYCE KOH Singapore Airlines Dec 16 dose: $11.40 DBS VICKERS SECURITIES, Dec 16 STRONG November operating data: Solid November operating data showed that SlA's passenger load factors were up to 75.4 per cent and capacity was seasonally normal. The company continued to report strong load factors,
      1,037 words
    • 544 8  -  CURRENCIES LARRY WEE Senior Correspondent THE US dollar plunged anew across the board in overnight trading after sensitive flows data for the US economy released by the US Treasury revealed a sharp fall in net inflow for the month of October 2004. The
      Source: Reuters  -  544 words
    • TRADES TO WATCH
      • 86 8 AN open-market purchase of 50,000 Nam Lee Pressed Metal Industries Ltd shares by Nam Lee Industries Pte Ltd at 28.98 cents apiece on Tuesday raised the deemed stakes of executive chairman Yong Koon Chin and executive director Yong Poon Miew to 52.11 per cent
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      • 123 8 GAY Chee Cheong of 2G Capital bought 500,000 Midas Holdings shares at 30 cents each yesterday, raising his direct stake in the China-based aluminium and plastic pipe extruder from 2.82 per cent to 2.89 per cent. The company's shares were unchanged at 30
        123 words
      • 83 8 FUND manager Value Partners' deemed interest in Elek Eltek (E8iE) fell from 7.98 per cent to 6.98 per cent after a series of transactions on Tuesday. The fund manager previously held 11.67 million shares, and after the transactions, 10.41 million shares. E&E is
        83 words
      • 87 8 OPPENHEIMER Funds bought 63,000 shares of Courts Singapore on Dec 2, increasing its stake in the furniture and electronics retailer from 8.52 per cent to 8.56 per cent. Oppenheimer has been buying Courts Singapore's shares after Courts returned to the black in its
        87 words
      • 120 8  -  Compiled by JEAN CHUA PRIVATELY held See Hoy Chan Equities raised its stake in China-based pharmaceutical maker AsiaPharm Group from 5.15 per cent to 5.4 per cent, by buying a million shares on the open market on Tuesday. Earlier this month, AsiaPharm
        120 words
    • Article, Illustration
      427 8 OTHER SINGAPORE INDICES Dec 16 VALUE CLOSE BT OB/OS -545.00 -163.00 BT CADI -*****.00 -53.00 BT 10-day MA -*****.00 -54.00 All-SG Equities 520.95 -3.18 SG Equities Elect 155.58 -2.95 SG Equities Fin 1602.70 -0.98 SG Equities Prop 501.60 -3.57 SIMSCI 242.41 -1.41 SiMSCI Futures 242.80 +0.80 MOST ACTIVE STOCKS VOLUME
      427 words

  • COMPANY NEWS
    • 633 9  -  More resources wilt be moved to faster growing markets By WONG WEI KONG LISTED Accord Customer Care Solutions (ACCS), the leading provider of aftermarket services (AMS) for mobile communications and high-tech consumer products in the region, yesterday unveiled a restructuring that would
      633 words
    • COMPANY BRIEFS
      • 54 9 KEPPEL Corporation said its wholly-owned FELS Offshore has incorporated Regency Steel Japan Ltd in Japan. Regency's principal business activity will be to source, fabricate and supply specialised steel components. FELS owns 85.1 per cent of Regency's share capital, while the remainder is held by Mitsui
        54 words
      • 46 9 THE Singapore Exchange has granted in-principle approval for the transfer of Sincere Watch to the main board of SGX from Sesdaq. The watch company said the effective date of the transfer of its securities will be announced at a later date.
        46 words
      • 103 9 GKE International said it has entered into a joint venture agreement with Wideshine Enterprises Co Ltd for the purpose of investing in Hunan Wideshine Logistics Co Ltd, which will be renamed Hunan GKE-Wideshine Transportation Co Ltd. Liu JiChun, who currently holds 4.21 per cent
        103 words
  • Page 9 Advertisements
    • 820 9 Call toll-free 1800 289 8822 IN THE MATTER OF THE COMPANIES ACT, CAP. 50. [(Section 290|2)(b)] AND IN THE MATTER OF ARROW STRONG ELECTRONICS (S) PTE LTD (In Members' Voluntary Liquidation) Company Reg. No.: *****1853Z NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the Company held at 50 Marcus
      820 words
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  • Page 10 Advertisements
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  • SINGAPORE NEWS
    • 226 11 Bloomberg TITAN Petrochemicals Group, a Hong Kong-based garment maker turned oil shipper, said shareholders approved the purchase of a Singapore-based oil trading business from its chairman for US$25 million in new stock. Minority shareholders unanimously approved the purchase of the
      Bloomberg  -  226 words
    • 764 11  -  Govt will continue to suspend release of new industrial sites in H1 2005 Reports by VINCE CHONG THE industrial real estate glut will continue to be a drag on the sector as the old year bows out although consultants are hopeful that
      764 words
    • 358 11 A LOWER Delta Road site is set to be the first plot sold in more than a year under the government industrial land sale programme (GLS), with construction/property group Sim Lian putting in an "aggressive" top tender bid of $18.9 million, or about
      358 words
    • 221 11  -  By NANDE KHIN CPG Consultants will be involved in designing one of the world's deepest underwater tunnels the US$l billion Marmaray Railway Bosphorus Tube Crossing project in Istanbul, Turkey. Earlier, CPG was also involved in helping the Turk-ish-Japanese consortium comprising Taisei Corp and their
      221 words
    • 536 13  -  They see export growth continuing to fall as global demand slows By CHUANG PECK MING [SINGAPORE] A low base of comparison probably makes November's export performance look better than it seems. Last month's key non-oil domestic exports (NODX) are tipped to have
      536 words
    • 386 13  -  It is 2nd stage of plan to develop bond markets By SIOW LI SEN THE Asian bond market got a further boost yesterday with the launch of a US$2 billion regional bond fund that invests in domestic currency government bonds. Called the Asian
      FILE PHOTO  -  386 words
    • 123 13 Bloomberg THE Government of Singapore Investment Corp, which manages US$lOO billion of the city-state's reserves, hired State Street Corp to provide investment services for fixed-income and equity trading in the US and Canada. State Street, the world's biggest service provider to
      Bloomberg  -  123 words
  • Page 11 Advertisements
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  • Page 12 Advertisements
    • 238 12 The Goal The Gameplan Be Singapore's No. 1 drink, Champion the S.League and score with with Singapore's No.l sport. innovative marketing opportunities. Market YEO'S many popular and Connect emotionally with the fans and new products to Singapore's be seen in the S.League, on television masses of soccer fans. and in
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  • Page 13 Advertisements
    • 464 13 Call toll-free 1800 289 8822 In the Matter of The Companies Act, Cap. 50 And In the Matter of LANTRONIX, NETWORKING SOLUTIONS PRIVATE LIMITED (In Members' Voluntary Liquidation) (Co. Reg No. *****3592R) NOTICF OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308(2) of the Companies Act Cap 50,
      464 words
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  • ECONOMY WATCH
    • 682 14 Surging economy, investment growth, recent big deals attracting players Reuters [MUMBAI] A rapidly growing economy and an outsourcing boom have drawn a steady stream of private equity players to India in recent years, and the industry looks set to boom after a
      Reuters; AFP  -  682 words
    • 231 14 Reuters [KUALA LUMPUR] Malaysia's economic planning minister said yesterday interest rates were not under pressure from inflation, which hit its highest in five years in November. November's consumer price index was up 2.2 per cent from a year earlier, government data showed on
      Reuters  -  231 words
    • 397 14 Reuters, Bloomberg [WASHINGTON] The number of Americans filing initial claims for jobless pay fell by much more than expected last week to 317,000 in the steepest decline in three years, Labor Department data showed yesterday. A Reuters poll of analysts had forecast first-time
      Reuters,; Bloomberg  -  397 words
    • 259 14 Bloomberg [HONG KONG] The central banks of 11 nations in East Asia and the Pacific will invest US$2 billion in government bonds denominated in local currencies and governmentbacked debt in the region for the first time to promote the bond
      Bloomberg  -  259 words
    • 4363 14 UNIT TRUSTS FUNDS shenton Thrift!" 1.088/1.132 Shenton Income 1.54/1 586 •mi Shenton lncome(USD) 0.94/0.968 0786/ Shenton Asia Padfic!" 0.853/0.887 Yv Shenton Gl) Opportunities/" 0.682/0.709 '11V Shenton Dynan* Bond/« 1 4290 472 H* -«Us Shenton Greater China 119*1.247 *""-5? Eqty ?"5£ Mendaki Global/" 0 713X1734 S n 441/ Shenton Global Adwwge
      4,363 words
  • Page 14 Advertisements

  • MALAYSIA/INDONESIA
    • 331 15 AP [JAKARTA] Traces of arsenic were found in a bowl of soup to be served to Indonesia's vice-presi-dent and police scientists were running thorough tests on the dish, police said. Vice-President Jusuf Kalla's security detail initially detected the poisonous substance in the soup, prepared
      AP  -  331 words
    • 416 15  -  Air =Asia offering inexpensive flights to Macau at a fare of RM159 one way By PAULINE NG in Kuala Lumpur AIRASIA'S new cheap flights to Macau may prove a draw for gamblers from Kuala Lumpur, but not enough to make a dent in Genting's
      416 words
    • 122 15 Bernama [KUALA LUMPUR] The government expects to collect RMI.B billion (Ss7Bo million) in gaming tax this year compared with RMI.7 billion last year. Parliamentary Secretary of the Finance Ministry Hilmi Yahaya said the revenue would be derived from the 1,822 gaming licences
      Bernama  -  122 words
    • 2333 15 vol FS8M 0.78 unch 75 mtH m *t- C888> FTEC Resources .050 -0.02 195 Furqan Bus. Org .0.36 unch ***** A 4 M Realty 131 0.07 21 Gadang 1.42 unch 1208 AbriC 0.56 -0.01 17 Gamuda 5 JO -0.05 1242 ACPmdurtrta 1.19 unch 0 General Corp
      2,333 words
    • 252 15 Reuters [KUALA LUMPUR] Malaysia's biggest power firm Tenaga Nasional Bhd is set to award a RMI.7 billion (*****.8 million) contract to a Japanese-led consortium this month to upgrade one of its power plants, a source close to the deal said yesterday. The
      Reuters  -  252 words
  • Page 15 Advertisements
    • 469 15 Indulge yourself today with luxury and prestige. Eat To Live. The Right Time To Live To Eat. Relax Is When You Why Not Both? Don't Have Time For It. Garden Terrace Bar Grill Banyan Tree Bintan 15°o oft total bill, complimentary US$450 tot two pot nujht m i parking and
      469 words

  • GREATER CHINA
    • 559 16 Surge driven by Las Vegas Sands' sparkling trading debut in NY Bloomberg [HONG KONG] Shares in Hong Kong-listed companies with investments in Macau such as Shun Tak Holdings Ltd climbed after Las Vegas Sands Corp, which has a casino in the gambling enclave, surged on
      Bloomberg; AFP FILE PHOTO  -  559 words
    • 296 16 Reuters [HONG KONG] US private equity firm Carlyle Group and insurer Prudential Financial are buying about 25 per cent of China's third-largest life insurer for up to US$4OO million, the latest foreign investment in Asia's financial sector. The deal which values China's Pacific Life
      Reuters  -  296 words
    • 419 16 AP, AFP [SHANGHAI] China's investment in construction and factory equipment, a key growth indicator, slowed slightly in November on lower public spending, but local-level investments surged, the government reported yesterday. China views urban investments in property developments, construction projects and other fixed assets
      AP,; AFP  -  419 words
  • Page 16 Advertisements
    • 178 16 f BANK MANDIR^* We are pleased to announce that as of 18th December 2004, our office will be relocated at: 9 Raffles Place #35-01/02 Republic Plaza Singapore *****9 Tel (65)6213 5688 (General) (65)6213 5680 (Dealers) Fax (65)6438 3363 (General) (65) 6536 3008 (Dealers) Our telex numbers and other details remain
      178 words

  • INDIA
    • 524 17 IOC will hold a 60% stake in the plant while Petropars will hold the remaining Bloomberg [NEW DELHI] Indian Oil Corp, the nation's largest refiner, may set up a 9-mil-lion-tonnes per year plant to liquefy natural gas along with Petropars
      Bloomberg  -  524 words
    • 460 17 Bloomberg [MUMBAI] Reliance Industries Ltd and unit Reliance Energy Ltd fell for a second day after two stock brokerages said the reported dispute between the brothers who manage India's biggest non-state company may delay plans to expand the energy and
      Bloomberg; Source: Bloomberg  -  460 words
  • Page 17 Advertisements
    • 402 17 Call toll-free 1800 289 8822 U^otke#®BphjComjB^^ IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF CORE CONSTRUCTION PTE LTD (In Creditors' Voluntary Liquidation) Reg. No. *****7253 C NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap.
      402 words
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  • ASIA-PACIFIC/WORLD
    • 876 18  -  ASIA INSIGHT As confidence in the dollar evaporates, monetary authorities will eventually be forced to recognise the changed order ANTHONY ROWLEY Tokyo Correspondent IMAGINE yourself projected back in time one hundred years and dining with a guest in the grill room of London's legendary
      876 words
    • 349 18 Johnson Johnson to buy Guidant It will pay US$76 for each share, in a US$25.4b deal Bloomberg [NEW YORK] Johnson Johnson agreed to acquire Guidant Corp for U5525.4 billion. This deal adds electrical devices for treating heart disease to a lineup of thousands of health products ranging from BandAids to
      Bloomberg  -  349 words
  • Page 18 Advertisements
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  • WORLD
    • 389 19 Move may drive Congress to create stricter regulator for mortgage giants Bloomberg [NEW YORK] Fannie Mae, the biggest source of money for US home mortgages, may have to restate earnings by as much as US$9 billion after the Securities and
      Bloomberg  -  389 words
    • 325 19 Net income rose to US$1.l9b on back of soaring business Reuters, NYT. Bloomberg [NEW YORK] Goldman Sachs Group Inc yesterday said fourth quarter profit rose 23 per cent as its fixedincome, currency and commodities business soared while a rebounding stock market boosted investment
      Reuters,; NYT.; Bloomberg  -  325 words
    • WORLD WATCH
      • 65 19 Bloomberg [NEW YORK] Symantec Corp agreed to buy Veritas Software for US$l3.5 billion in stock to add data-storage products. Veritas shareholders will get 1.1242 shares of Symantec for each Veritas share, the companies said. That's equal to U5530.78, a 9.5 per cent premium to Veritas' closing price on
        Bloomberg  -  65 words
      • 72 19 Bloomberg [WASHINGTON] Media company Time Warner Inc will pay US$5lO million to resolve US investigations into whether its America Online unit improperly booked advertising sales. Time Warner will pay US$2lO million to end a US Department of Justice investigation, Deputy US attorney-general James Comey said.
        Bloomberg  -  72 words
      • 95 19 Bloomberg [AMSTERDAM] ABN Amro Holding, the largest Dutch bank, plans ]U) cut 2.850j0b5, or about 3 per cent of its workforce, to stem a decline in operating profit as revenue growth stalls. The bank will take a charge of 790 million euros ($1.7 billion)
        Bloomberg  -  95 words
      • 120 19 NYT [NEW YORK] Morningstar, the research firm known for its ratings of mutual funds, said on Wednesday that it had received a subpoena from New York attorney-general Eliot Spitzer relating to consulting services it offers to retirement plan sponsors. Mr Spitzer is seeking information from Morningstar in
        NYT  -  120 words
    • 310 19 AP [LAS VEGAS] Shares of Las Vegas Sands Corp surged more than 60 per cent as the casino operator debuted on the New York Stock Exchange and investors rushed to grab potential profit pipelines in Las Vegas and the Chinese enclave of
      AP  -  310 words
  • Page 19 Advertisements
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  • AVIATION
    • 349 20 LAT-WP [WASHINGTON] The cabins of commercial jetliners one of the last bastions of silence from consumer electronics gadgets could soon become a cacophony of cell phone chatter and Internet communications. The Federal Communications Commission (FCC) on Wednesday approved a plan to
      LAT-WP  -  349 words
    • 1995 20 CITY FUGHT ETA FLIGHT ETD BA7381 1855 QF81 1855 A&Sjj 8A7381 1855 LH9770 2245 D,,hi 0440 '<*56 UJ5 QF81_J855 SQ229 2245 £855 015 AU81 |55 Ahmedabad S0461 1420 S0462 0220 mwou ——io^u cnm Denpasar Bali SQ141 1145 SQ142 0935 Amrterdam S0323 0645 KL386 2330 SQ 14
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    • 534 20  -  It says airlines need over 17,300 planes worth US$1.9t over 20 years By VEN SREENIVASAN [SINGAPORE] Global aircraft operators will require over 17,300 planes worth some US$l.9 trillion during the next 20 years to 2023, according to the Airbus Industrie. In its latest Global
      534 words
    • LOG BOOK
      • 67 20 AFP [NEW YORK] Plainclothes US security agents managed to sneak a fake bomb aboard a passenger airliner during a security test at Newark International Airport, ABC News reported. A scanning machine sounded the alarm when a bag containing fake explosives, a detonator and cables was
        AFP  -  67 words
      • 77 20 Bloomberg [LONDON] British Airways, Europe's second-largest airline, will appeal the Civil Aviation Authority's (CAA) decision to grant the airline just seven of 21 new routes to India created by a new agreement between the countries. Virgin Atlantic Airways received 10 of the routes and
        Bloomberg  -  77 words
      • 60 20 Bloomberg [NEW DELHI] India's Cabinet approved a plan that will enable Malaysia Airport Holdings and other investors to build a 13.8 billion rupee (Sssl7 million) airport in Hyderabad. The Cabinet approved the revenue-sharing deal between the government and Hyderabad International Airport Ltd, which will build the
        Bloomberg  -  60 words
      • 64 20 Bloomberg [WELLINGTON] A ceiling collapsed at Auckland International Airport, New Zealand's busiest gateway, injuring 15 workers, the airport said in a statement to the Australian Stock Exchange. A section of suspended ceiling tiles above new check-in counters in the international terminal collapsed, chief executive Don Huse
        Bloomberg  -  64 words
    • 166 20 AFP [SYDNEY] Australian flag carrier Qantas said yesterday it would offer full refunds and waive cancellation fees to any passengers wishing to cancel Christmas flights to Indonesia after new warnings of potential attacks. On Wednesday, the Australian government reissued a travel advisory warning against
      AFP  -  166 words
    • 191 20 Bloomberg [HONG KONG] The Hong Kong Airport Authority, which is preparing for an initial public offering, said it will review a 15 per cent discount on aircraft landing and parking charges that has been in place since 2000. "We will constantly review
      Bloomberg  -  191 words
  • Page 20 Advertisements
    • 411 20 To advertise call toll-free 1800 289 8822 Email: notices®sph.com.sg^ IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF TR OIL SERVICES (FAR EAST) PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) CO. REG. NO. *****0301W NOTICE IS HEREBY GIVEN pursuant to Section 308(1) of the Companies Act,
      411 words
    • 337 20 In The Matter Of The Companies Act, Cap. 50 And In The' Matter Of LEK SING BUILDERS PTE LTD Reg. No. *****1126K NOTICE OF CREDITORS' MEETING PURSUANT TO SECTION 296 OF THE COMPANIES ACT, CAP. 50 NOTICE IS HEREBY GIVEN that pursuant to Section 296 of the Companies Act, Cap.
      337 words
    • 424 20 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SECURITY ENGINEERING PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) Company Registration No. *****0666 C NOTICE IS HEREBY GIVEN pursuant to Section 308( 1) of the Companies Act, Cap. 50, that a Final Meeting of the Members of
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    • 203 20 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF TINGZHI TRADING PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308(2) ol the Companies Act, (Chapter 50) that the Final Meeting of the Members of the abovenamed
      203 words
    • 315 20 IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF IMC ASIA CROP NUTRIENTS PTE LIMITED (Incorporated in tfte Republic of Singapore) (IN MEMBERS' VOLUNTARY WINDING-UP) At an extraordinary general meeting of IMC Asia Crop Nutrient! he limited duly convened and held at 4.00 p.m. at
      315 words
    • 425 20 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND S.M.A.R.T. (Singapore Multiple Asset Repackaging Trust) Ltd (In Members' Voluntary Winding lip) Reg. No. *****1375E At an Extraordinary General Meeting of the Company held on the 10th day of December 2004, the following Special and Ordinary Resolutions were duly passed:
      425 words

  • SHIPPING
    • 560 21  -  Parties close to breaking impasse over salvage security By DONALD URQUHART [SINGAPORE] Arrested cargo worth nearly US$lB million aboard the salvaged container ship Milena may soon see the light of day as the involved parties are close to overcoming an impasse over
      560 words
    • 739 21  -  ADMIRALTY CASEBOOK By SELVA KUMAR A US appeals court last week rejected as "meaningless and superfluous" any legal distinction between the words "all freights" and "subfreight", which are commonly used in charterparties for the purpose of specifying maritime liens. However, the
      739 words
    • 355 21 AFP [WELLINGTON] New Zealand said yesterday it would seek urgent clarification from Australia about a new maritime security zone which it said stretched into its own territorial waters and even onto its coastline. Acting Transport Minister Harry Duynhoven said Wellington would ask Canberra
      AFP  -  355 words
    • 312 21 Reuters [HONG KONG] Port agents in China's southern boom town of Shenzhen are threatening to go on strike over a new government levy they have to prepay for shippers using the world's fourth largest container port. The agents were due to talk
      Reuters; BLOOMBERG FILE PHOTO  -  312 words
    • 153 21 AFP [TOKYO] The Japan Coast Guard said yesterday it was continuing to search for three men who went missing after an explosion onboard an empty tanker. One South Korean and two Filipino crew members of the Panamanian-registered Sunny Jewel went missing after the
      AFP  -  153 words
  • Page 21 Advertisements
    • 1375 21 H IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF SILKROLTE E-COMMERCE FUND I LTD (Registration No. *****2499Z) (In Members' Voluntary Liquidation) NOTICE qf resolutions Al an Extraordinary General Meeting of the Members of SILKROUTK E-COMMERCE FUND I LTD deemed to have been duly convened
      1,375 words

  • EDITORIAL & OPINION
    • 503 22 EDITORIAL IT'S one of these unfortunate, if almost inevitable, conundrums, a reflection of market realities here: Even as Singapore's jobless figures hit new highs in recent years, many companies, both foreign and homegrown, found they couldn't continue operating here for lack of requisite skills. Or
      503 words
    • 795 22  -  THE BOTTOM LINE ANDY MUKHERJEE Bloomberg INDIA'S Finance Minister recently made a statement, which if it wasn't plain bravado was a hint that he favours a stronger currency. "We should push inflation to below 4 per cent," P Chidambaram said this
      Bloomberg  -  795 words
    • 1006 22  -  Contrary to a recent study's findings, an integrated resort-cum-casino could be a major economic booster By SHANDRE THANGAVELU, TOH MUN HENG IN the article "No case for casinos", by Professors Hoon Hian Teck and Ho Kong Weng (BT, Dec 3), the authors suggested that with a casino,
      BLOOMBERG  -  1,006 words
    • 117 22 'People are strategising that the dollar is in the early part of a long-term decline and are, therefore, putting a lot more money abroad to take advantage of the weakness of the dollar.' -James Paulsen, an investment officer, on why Americans have been stepping up their purchases
      117 words
    • 320 23  - Why is cash-back okay for housing loans LETTERS TO THE EDITOR Leong Sze Hian Singapore I REFER to the article "Banks shifting strategy on home mortgages" by Siow Li Sen (BT, Dec 16). Currently, HDB flat buyers who cannot qualify for HDB loans, or choose to borrow from banks, have
      FILE PHOTO  -  320 words
    • 239 23  -  George Koo Singapore I WRITE with regard to Vikram Khanna's commentary "Waging bets on faulty premises" (BT, Dec 13). I agree with his assessment of preliminary studies by academics: their theories are highly questionable and filled with many assumptions. Our project should
      239 words
    • 156 23  - Bank streamlines; customers pay Winston Chin Singapore OCBC Bank recently informed its customers who have securities deposited with the bank as collateral theft it was outsourcing its depository agent's activities to an external service provider, namely, Citibank. As a result of the outsourcing arrangement, customers will be charged a minimum
      156 words
    • 762 23  -  Compared to history, some upsets today seem tame ROBERT SAMUELSON [WASHINGTON] PICTURE yourself in the mid-1840s. It's an exciting time in America. Fifteen years earlier, railroads barely existed. In 1830 there were only 37 km of track. By 1840, there were 4,534; by
      762 words

  • Page 23 Advertisements
    • 150 23 VTTI a J# J A ,i_ Presented Diners Club Credit Card To apply, call: 6416 0980 Where to wine, dine and entertain.,. h Tm,ts Asian Feast Sample the bast of Asian delights at Captain's Table Unlimited A La Carte Buffet as we offer the best from the region in Chinese
      150 words
    • 81 23 Countdown Party Of The Year! 31 December 2004, Until 2am Join in the countdown bash at Rolf Knie's...our lively bands and DJ will spin exhilarating numbers on that night. Let down your hair and partake with the merriment! For enquiries/reservations, please call 6432 5566/5656. Prices subject to 10% service charge
      81 words
    • 150 23 iEnfOy.rjh>e»eJd«»ioow) jjoJkg, mgahud& ftjje only ;Sp>^ l p«r'moin coutmjM I B 3Zr' a fS^vV r i^ l t^ f rn^mM Harki Jingle Bells Are Ringing! Christmas comes aglow at Cafe Plaza, best known for Its authentic cuisine. To delight diners on Christmas Eve and Day, a special traditional Christmas buffet
      150 words
    • 79 23 H»i^',0 s 7!; '^jEßsSfl^ Arguably the BEST X selection of TOP Australian wines in Singapore #02 02 Tanglin Shopping Centre Next to Orchard Parade Hotel Tel *****213 *****699 *****170 <& MERITUS MANDARIN SINGAPORE BUFFET DINING AT ITS BEST Fresh oysters, delectable lobsters, savoury honey-glazed ham, US Prime Rib of Beef
      79 words

  • 10955 24 STRAITS TIMES INDEX STOCKS Stodt mnn m Oof Chang* Stock name Wt Oo— Oiawge Allgreen 50c 0.30 1.070 +0.010 NOL 2.10 2.950 +0.010 BIL Intl U520c 0 44 0.955 -0.020 OCBC 9 99 13 400 CapitaLand 1.35 2.020 -0.050 Parkway H 25c 0.68 1.470 +0.010 Chart SemiCond 26c
    10,955 words

  • 5894 25 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES •Bkcatarr taSS MUSS %dy %r *«<* v* <* r Pet 15 m<te« Q*»nq» Ow>» CStng* O»og« Oxn»« Chang* World IrttetfWininary 839.8 4J 7 9 4-2 6-8 04 10.8 ItAftridWy 7568 00 79 05 104 _LL_ J<* turope Prelimnary 1044.2 4.1 73 03 11J
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  • Page 26 Advertisements
    • 1635 26 I TO USA/CANADA I I EXPORT I I OTHER DESTINATIONS I |vcsa |VOY |PtG |ETASM LONG REACH [DALLAS| HOUSTON| MEMPMS|CHKAfiO| HEW YORK TO AUSTRALIA (AUSTRALIA ASIA EXPRESS) OOQIOTTBIOAM 08E51 14/12 15/12 I 31/12 04/D1 07/D1 05/01 05/01 08/01 VESSH VOT "nTsUT PKG R! Ml STD Mil AM OOO.NIHGBO 06f52 OMIT
      1,635 words
    • 903 26 ItNTfRASIA ROUP SiRViCi VESSa/VOY 1 IMfOO) HBCHTW) fKG KH Id I gN I JKI I SIftAITS VENTURE /17 IS J? M/ 12 11/12 14/12 11/12 21/12 SIUITS VENTURE/II IS 3.2 23/12 2i/12 30/12 02/01 04/01 I STRAITS VENTURE/I IS 3.2 13/01 16/01 11/01 [wist ASiA/MMOAI KOKO IVf VCSB/VOT MWfffTl HBCHT(M)
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  • Page 27 Advertisements
    • 941 27 MQi Combiim a rang* o# shipping modes to ensure timely, reKable services covering major ports in North America, Europe, Japan, Asia, Africa Oceania. Also eaaet Cmn Ik x For Schedules, BL Searches, and Container Tracking, visit on our Home Poge: www.moisin.com.s9 www.botnbuf9sud.com tutsbuxlsam Mto nflanam ,Wi S VK{ < tXPO
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    • 1371 27 VPSEL 101 SIN JCT ttKcTSTnT KYM WIS VBSB. VOY SIN JICT SUB HKG USN PUS HYWIPGC PITS 2VI? 2S/1? 30/1? 1/1 VI 5/1 S/l KMTC SINCAPOtt 417S lt/12 72/12 23/1? 28/1? 1/1 2/1 HT VUDIVOSTOX 152S 30/1? 1/1 t/1 «/l 10/1 12/1 1?/1 KMTC SHANGHAI 415S 26/12 29/12 30/12 4/1
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    • 999 27 m WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICD POINTS VESSCi VOY SIH MBjjg COLOMIO M. SHIVA COtOMtO w ■RIDGE JflfflL 13 PK IS OK HBK 2LQK 21BK PACIFIC QUEST 0002W 20 DK 22 DEC 25 DEC 21 DEC 31 OK HOTAPOWIIU YPWO3S 27 DK T)
      999 words

  • Page 28 Advertisements
    • 626 28 uftllf WALLENIUS WILHELMSEN website: http://www.2wglobol.tom lk mo how wia say ial ore nyc new mor TAMESIS Af424 3201ws 6.4 M I 20/12 08/01 19/01 26/01 27/01 31/01 30/01 02/01 23/01 TAMPA Afsol 4201 MS 6.4 M I 01/01 24/01 02/02 09/02 10/02 14/02 12/02 16/02 06/02 TARAGO I Afso2 320TMS
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    • 1201 28 vjsssi YOT si pgu _ffisa m m u PACMNPA 1363H 17/H 17/1? J2ZI 14/12 IS/12_ PA( iahda mm iim m2_ CSf 2301 0071! ***** 20/12 lUilff'J f*2Z 21/12 24/12 PACIAKDA 134 a 12/12 M/H PACHNttII 9279 23/12 26/12 Mt lAMDA 21/u 21/12 CSf 2301 0072? 21/12 22/12 PAC lAMDA *****1
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    • 624 28 BSA 0 MYANMA ■H FIVE STAR LINE (Mymnor National Line) Loading (or Yang on vessel voy sin Pitt pen pgu PAGAN 338W SLD SID HPA-AN 330W SID IN MALAYSIA: lOUSTIAD SHIPPING AGENCIES KUI/PKL 03-*****388 PEN: 04-*****1S ACCEPTIMB CONVENTIONAL C6O HKG SIN HKG SIN PGU Pitt KUC RRAVE HEART 10S SU)
      624 words

  • Page 29 Advertisements
    • 1255 29 rvr¥Oi 0- v CrHIGfCISLCI JL» lltes W: 6323-6466/77 Fax: 6«3-M33 Wtbillt: www.iattraiiiliits.coß 1 SUPER EXPRESS SERVICE TO I WSSB. iWf OSK KO»Ts«ITTO VBSB IWflHft B» |WB 0« NMi [S« [TTO |Y0» j WAN HA1307 5025 30/11 31/U 01/12 02/12 03/12 07/12 11/12 12/12 021* 14/12 Tffi E/U MOLOASIS 5261 05/12
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    • 1053 29 Ir~J— nr\ m l I lIVICO MAIN: TIL 4221-1333 FAX: (221-5272 Mtj£m LMMCO aiSTOMBSBVia: Til: 6221-SSM FAX: *****190 /CJcl SINGAPORE: TONGJOO SHIPHNG PTf (ID ONft mISSwJ? www^bfc»».co« i»w[u^o>miiMHJS»siKVj€irroj I wr EaaiimtaNlM RUtWAIOT f IWO7 23/12 M/ 12 110/12 IvMUHHI |4047 |11/12 |23/12|CKWK I ***** 16/12 111/12 |YAN6ONSM |364N 21/*****/01 H
      1,053 words
    • 498 29 ■PPIWI TIGER PEARL 243N 18-19/12 24-26/12 01-02/01 I ■MUiyill TIGER SKY 244N 21-22/12 28-30/12 04-05/01 TIGER SEA 245N 25 26/12 31-02/01 08-09/01 I ■■■■■TIGERWAVE 246N 28-29/12 04-06/01 11-12/01 I JU TIGER PEARL 247N 01-02/01 07-09/01 15-16/01 ■RNMRMxPttSLHOTSE 613 18-19/12 24-26/12 ■|l|SUl|fltiger CUFF 01 IN 21-22/12 27-29/12 06-07/01 I 308 25-26/12
      498 words

  • THE BUSINESS TIMES SHIPPING TIMES
    • 6401 30 ETA ETA Advartfear Vessel Voyage Telephone ETA ETA Advartfear Vuaal Voyage Telephone SIN Desfl Name Nana Number Maker SIN DacTa Nana Mm Number Numbe. SHMnMMWNMMMMMMMHMMnMNMHNSMNMHMnNMNNMMHM VMNMHMNMMMHMIHMMMHBHMHnHHHNHHMMRHMNHMHMiMW 03/01 11/02 NGPl SPEYBANK SP182 *****288 To ABIDJAN (ABi) 2003 Cote D'tvoire To HO CHI MINH (SGN) 2154
      6,401 words
  • Page 30 Advertisements
    • 94 30 One-Stop Shipping Services Ship Registrations Ship Classifications Radio Accounting Tuvalu, Mongolia, Parana, Quality, Safety, Security SorvlCSS Belize and many othefflags i Surveys and Consultants Accounting Authority RSO6 Advantages Most competitive fees low taxes 24-hour efficient service, 365days_a year Worldwide network of surveyors No restriction on nationality of ownership/crew yBgjPT Staffed
      94 words

  • MUSIC
    • 1138 31  -  KANNAN CHANDRAN checks out the Yuletide crop KANNAN CHANDRAN THOSE familiar tunes do stir up the desire to shop. Jingle Bells often has that Pavlovian effect of making you reach into your pocket— leading to the sale of CDs and the jingle of cash in tills. So,
      1,138 words
  • Page 31 Advertisements
    • 39 31 VERTU GIVE THEM A 69 CARAT RING THIS CHRISTMAS CARATS OF PURE. SAPPHIRE ON THF. FACE.. 51 GRAMMES OF GOLD ON THE CASING AND 10 RUBIES BEHIND THE! KEYS PHONE NUMBERS NEVER SOUNDED SO PRECIOUS VERTU <.-♦> t. v.* .--VCB
      39 words

  • ARTS
    • 914 32  -  PARVATHI NAYAR talks to Jeremy Monteiro about his Christmas event which looks set to outdo last year's PARVATHI NAYAR CHRISTMAS is all about traditions: Christmas puddings, burning logfires, brightly decorated trees, and the promise of figurative reindeer bearing gifts. We might be a bit short on
      ARTHUR LEE  -  914 words
    • 357 32  -  By CHEAH UI-HOON IF there was one fairytale that was beautifully brought to life on stage last week, it was the Singapore Dance Theatre's The Sleeping Beauty. The ballet in three acts surpassed expectations of the usual year-end Christmas production which has thus far been
      357 words
    • 196 32 Dec 17 (Fri)to Dec 18 (Sat) Christmas Concert with Carol Singalong By Singapore Symphony Orchestra (S'pore) Esplanade Concert Hall, 7.30pm (120 mins, with intermission) Tickets: $11, $16, $24, $34, $49, $59 Dec 19 (Sun) Winter Solstice By SYC Ensemble Singers (S'pore) Esplanade Concert Hall, 7.30pm (170 mins
      196 words
  • Page 32 Advertisements
    • 237 32 H Experience An Entertainment Powerhouse H Take a musical ride with Power 98 ■■■■■■■■jM |fl J■ DJ Super Mario, the coolest voice H jH on the airwaves and Singapore's THf At--J H hottest pop-rock band EIC. This LJH H super combination of powered tunes *****1" JHPVi ■K. and charged vibes
      237 words

  • Article, Illustration
    961 33  -  It is every bibliophile's dream, an earthly version of Borges' Library of Babel an unending universe of hexagonal galleries that contain every possible book. Like its surreal narrator, "I have wandered in search of a book" but for far more mundane reasons: because they make the perfect year-end gift.
    961 words
  • Page 33 Advertisements
    • 33 33 Nobody done before, sure must try! STRAIT3<ITCHEN Grand Makan Experience Coming Soon GRAND HWJ" SINGAPORE I® ©2004 Hyatt Corp. 10 Scotts Road Singapore *****1 TEL: 6738 1234 FAX: 6736 3061 singapore.grand.hyatt.com Reg n0.:1986-*****-e
      33 words

  • PASSION
    • 928 34  -  Violet Benjamin tells CORINNE KERK how her Tingle brand of energy enhanced aromatherapy bodycare products was birthed CORINNE KERK SHE was a teenage bride and mother who quit the glamorous world of fashion almost a decade ago so as to focus on her four children.
      ARTHUR LEE  -  928 words
  • Page 34 Advertisements

  • PURSUITS
    • 740 35  -  Wotif.com offers last-minute deals on hotel bookings at discounted rates, says GEOFFREY EU GEOFFREY EU Four years ago, when Graeme Wood launched Wotif.com a specialist website offering last-minute deals on hotel accommodation he was convinced that his easy-to-use, high quality and good value booking engine
      ARTHUR LEE  -  740 words
    • 251 35  -  WINE By CHEAH UI-HOON ONE restaurant has come up with an innovative way to draw up its wine list —by giving its own awards to the wines in its cellar. Early December, Tower Club held its Wine Awards 2005 at its 62nd penthouse
      251 words
    • 502 35  -  FILM By PARVATHI NAYAR TWELVE is the new Eleven? Not quite, but, as you'll discover, it doesn't really matter. The movie is.set three years after Ocean's Eleven, Steven Soderbergh's 2001 remake of the Frank Sinatra heist flick. You're not quite sure why Twelve was made, apart
      502 words
    • 813 35  -  ART By PARVATHI NAYAR THE impact of war and violence through psychic, physical and psychological prisms. This is the raw material that fuels much of the work of Lebanon-born. New York-based artist Walid Raad, in town for Theatre Work's Flying Circus Project (FCP). Unusually considering the
      813 words
    • 439 35  -  DANCE By CHEAH UI-HOON DANCE residencies have gotten off on a good footing so far this year. Even as the Akram Khan dance company from Britain had a two-week stint before they opened the Singapore Arts Festival, a local dance company also offered an
      439 words
  • Page 35 Miscellaneous
    • 351 35 CRYPTIC CROSSWORD ACROSS (4) 7 The usual haircut for small 5 Repeated note to an old masplayer plus teams (5,4) ter (6) 8 William's appearing before 6 Did Len bat? Sent out in first the beaks (5) meeting (5,4) 10 Early baby, so needs my robe 9 Bent the law
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  • executive lifestyle
    • 641 36  -  off the cuff jaime ee WHO says I don't know my neighbours? Of course, I do. The neighbour on my right is a Dutch engineer who lives with his Singaporean Chinese girlfriend who teaches yoga. He travels a lot, and she spends a lot of time
      641 words
    • 1729 36  -  After parting ways with Crystal Jade, Alfred Leung has bounced back into the restaurant scene with Imperial Treasure. He talks to GEOFFREY EU about his latest venture in his first-ever newspaper interview here GEOFFREY EU BARELY a few chopstick lengths away from the everpopular Crystal Jade Palace
      ARTHUR LEE  -  1,729 words