The Business Times, 24 December 2004

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Total Pages: 28
1 28 The Business Times
  • 18 1 THE BUSINESS TIMES SINGAPORE 85 cents online at http://business-time&asial.com.sg MICA (P) 023/03/2004 Friday, December 24,2004 iiiiiu'Wii—iwn rum i
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  • 732 1  -  Rivals exercise right of first refusal as minority shareholders of Asia Container Terminals By GEORGE JOSEPH ISINGAPORE] PSA International has been thwarted in its most aggressive attempt to enter Hong Kong's lucrative container terminal business. Hong Kong rivals have pre-empted its bid
    732 words
  • 131 1 □sn 2,***** (-029) ST INDEX FUTURES 2,053.00 (unch) siMsa ***** (-0.02) SIMSa FUTURES 245.60 (-0.10) MARKETS Thursday Chang* KISECOMP 909.30 +6.00 NIKKEI 225 dowd HANG SENG +84.22 SET INDEX 6*7.90 -4J9 JAKARTA COMP 986.50 +1J2 MANILA COMP 1,807.49 +17.75 SEOUL COMP 876.88 -€,50 SHENZHEN B 234.13 -2.98 BOMBAY
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  • 46 1 TOP STORIES ...PG 2,3 COMPANIES PG 4,6,7 MARKETS PG8 SINGAPORE PG 9 ECONOMY PG 10 M'SIA/INDON.. PG 11 CHINA PG 12 INDIA PG 12 WORLD PG 13 AVIATION PG 14 SHIPPING PG 15 EDITORIAL PG 16 LETTERS PG 17 STOCKS PG 18,19 LIFESTYLE ...PG 25-28
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  • 547 1  -  By CHUANG PECK MING [SINGAPORE] Foreign companies have become even more profitable and efficient than their local counterparts, according to the Department of Statistics (DOS). Its latest survey of the corporate sector for 2002 shows foreign companies enjoyed a rate of return
    547 words
  • Page 1 Advertisements
    • 20 1 MOTORING Time for a f new set of fk J C wheels PG2 I JJ~ Executive Lifestyle, PG 28 I
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    • 38 1 FATTER BONUS Christmas cheer for Willi Street brokers PG 3 IkmwMbe Times tomofroWe hMcitini ■Rnmm on Monday. <; ~sh&*il} >,: s. tv t;-'-. >C:ir '?.H-> •£>".' 41 >«'£i>.. < «*ii f vfa >;K.;-., y *,;<&ir V BBR eHBWSaI 8 ll? 1! l^joooo^''
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    • 22 1 SIBUNG RIVALRY jjß 1 Battle for Reliance have repercussions for Indian economy pg 16 ■—Ml—■—lMilll—i II—WiIIIHMIIIH 111 I 111 II 7 V
      22 words

  • TOP STORIES
    • 620 2 Wall Street bonuses seen hitting USsls.9b AS financial services companies head for their fourth-most profitable year, I? Wall Street firms will pay their New £york City workers US$l5.9 billion in bonuses this year-Brokerages and Jv investment banks will award average r" bonuses 0fU*****,400 per employee to (out 158,000
      620 words
    • 794 2  -  NEWS ANALYSIS Leaseback tenants lose chance of lower rent when economy dips, says VINCE CHONG VINCE CHONG SINGAPORE'S real estate investment trust market is shaping up well as it progresses, beyond infancy. But while listed property trusts seem like the best thing
      794 words
    • 717 2  -  MOTORING: OUTLOOK 2005 By SAMUEL EE [SINGAPORE] The new year is expected to be a good one for new car buyers as COE premiums sagged to new lows in December. Together with last year's cut in registration taxes and the discount war
      AFP  -  717 words
    • 570 3 About 158,000 workers will get an average of US$100,000 each Bloomberg [NEW YORK] As financial services companies head for their fourth-most profitable year. Wall Street firms will pay their New York City workers US$l5.9 billion in bonuses this year. Brokerages
      Bloomberg; AP  -  570 words
    • 159 3 Bloomberg [NEW YORK] Mutual fund giant Franklin Resources gave 87 per cent pay raises to co-chief executive officers Martin Flanagan and Gregory Johnson this year. Mr Flanagan and Mr Johnson were each paid a combined salary and bonus of U553.43 million In the year
      Bloomberg  -  159 words
  • Page 2 Advertisements
    • 70 2 ;r.. ,-v* c- MWiCM regwußuon support servkae t<CMW ft »«5 6636 3991 E «wn~Phco»^4C9(t^ f!AI r I liniTCC BOLF HOU9I WLrHOUU OOLFHOUU' MLFHOUtP OOLTHOMr Mtf NOW MVHOMT «OLF HOUM PMIMOT MO SHOT MO SHOP MO SHOT OOLF COftNKR" A Store by Manna Square MtaQ* SunttcOr GrM*«<* RSH (SINGAPORE) PTE LTD
      70 words
    • 16 2 Recruit from a wider audhnce Call MM 299 9832 or email ncn^Cyfcr—jf for your recruitment solutions
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  • Page 3 Advertisements
    • 110 3 <v ?f ptMpptfk-. W fw XI A j(<f^H|HrA\n i| W ■jjf I j 9 B\.y *S,*/ £/M t 3Hlb j M V i 1 >L j*sSßr I' -V'•.-W* |jy <V^ nL I S f> jj^V m tH ■K' JV V Since 1<45 wc have developed mechanical maiterptecei in Glaahtttte, cauom
      110 words

  • COMPANY NEWS
    • 735 4  -  TELECOMS; OUTLOOK 2005 Momentum seen continuing in 2005 -a 'battleground for 3G' By ANGELA TAN &OBODY could have jessed that Singapore's .already highly penetrated industry would ex►perience any growth whatsoever in 2004. But it did ►'and expectations are for *4hst momentum to continue ►In 2005
      AFP  -  735 words
    • 527 4  -  By KENNETH LIM CREATIVE Technology's war against Apple in the personal digital entertainment industry has turned out to be a lifesaver for equipment manufacturer Radiance Electronics. m Even though one of its key pay-TV satellite equipment customers filed for bankruptcy protection last year
      527 words
    • 529 4  -  HOCK LOCK SIEW Bv R SIVANITHY THESE days, it seems that there's an index for anything an investor might need. For blue chip performance, there's the Straits Times Index or maybe the Morgan Stanley Capital International Singapore index. For small caps, there's the UOB-Sesdaq Index while each
      529 words
    • 275 4  -  By KENNETH LIM GUJARAT-BASED Meghmani Organics said its short-term notes have received the highest rating from the Credit Rating Information Services of India Ltd (Crisil), with a little help from its recent Singapore listing. "Crisil said Meghmani's debt equity ratio is likely to improve to
      275 words
    • 534 6  -  It inks deal for 51% stake in with Wal-Mart as anchor tenant By ANDREA TAN CAPITALAND will pay $1% million for a 51 per cent stake in six shopping malls in China with US retailer Wal-Mart Stores the anchor tenant
      AFP  -  534 words
    • 493 6 Bloomberg SINGAPORE'S government needs to explain to investors the findings of a probe into China Aviation Oil (Singapore) Corp, which lost US$55O million from derivatives trading. Templeton Asset Management Ltd's Mark Mobius said. The Singapore government "has to sit down and explain to
      Bloomberg  -  493 words
    • 107 6 THE Ascott Group, Capita Land's service residence arm, has raised its stake in Thai associate Sathorn Supsin from 30 per cent to 40 per emit, paying $1.3 million. Ascott owns the stake in Sathorn through Siam Holdings, an indirect wholly owned subsidiary. Golden Land
      107 words
    • 1131 6 UNIT TRUSTS FUNDS agl 1 L saui.i««AtoU5» o«7o*4 SSNtmrm* omtf udMSF-God 120. SGD 1*1/ GMTCM" 0.7W»«78 S5»~r-—Sgt»-====T,ss jgssp.- =ijga: gggss_ —as sgigffo& ,„,jBg ygj- «gs™ :—tS 'iffiiS [gg®§j}*«» 5S2ft2 SKS*"* 1 225S mEtlS? «»«^oi53— u»m< w?5s -25 sggray as 3 ass™*- sssg. 1 ztss* a sa?ssE= sSS 55* is 35LSISS
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    • 294 7 SINGAPORE Technologies Engineering Ltd's (ST Engg) land systems arm, Singapore Technologies Kinetics (ST Kinetics), has established premier automotive centres hi China The Singapore group has signed two joint-ven-ture (JV) agreements for its division, STAR Automotive Centre (STAR). This follows the signing
      294 words
    • 728 7 Two-thirds of its customers finance their purchases with loans Bloomberg [JAKARTA] PT Astra International, Indonesia's biggest automobile distributor, says it's counting on a return to banking after a fiveyear hiatus to help sett more cars and motorcycles in the nation of
      Bloomberg; BLOOMBERG  -  728 words
    • 510 7 United Fiber gets SGX nod for listing of new shares UNITED Fiber said yesterday that the Singapore Exchange has granted in-principle approval for the listing and quotation of its new ordinary shares of 10 cents each to Cornell Capital Partners Offshore LP. United Fiber has also entered into
      510 words
    • 683 7 Bloomberg SINGAPORE Airlines Cargo, the world's third-largest air cargo carrier, said it will choose between Airbus SAS's ASBO and Boeing Co's 777 freighter versions to boost its fleet as global trade expands. "We are looking at the A3BO freighter," said Hwang Teng Aun,
      Bloomberg  -  683 words
  • Page 4 Advertisements
    • 1253 4 ftWTf wii ulli ii IN THE MATTE* Of THE COMPANIES ACT, CAP 50 -AND IN THE MATTE* Of SI HOLDINGS PTE. LTD. (in Mmtw' Voluntary WlndtogUp) Company Registrator No. *****8922N NOTia IS HERESY GIVEN puruart to lento 308 of lite Companies Act. Cap.. CA J, m >Vwtl ll.aiinn /j «L
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  • Page 7 Advertisements
    • 308 7 IN THE MATTER OF THE COMPANIES ACT, CAP. SO AND DOVA PTE LTD At an Extraordinary General Meeting of DOVA PTE LTD held on 21 December 2004, (be following Special Resolution-was passed: WINDING-UP AND APPOINTMENT OF LIQUIDATOR That the Company be wound up voluntarily pursuant to Section 290(1 )(b) of
      308 words
    • 378 7 IN THE, MATTER OF THE COMPARES ACT. CAP. 50 AND IN THE MATTER OF LB#fY GARMENT MANUFACTURING BMGAPORE PTE LTD n_ n 1 n— 1 I j (in iMmnrv voiumery LKfUKivuonj Reg. No. *****4481E NOTICE OP RESOLUTIONS At an Extraordinary General Meeting of the abovenamed Company duly convened and held
      378 words
    • 440 7 IN THE MATTER OF THE COMPANIES ACT (CAP. 50,1994 Ed) AND IN THE MATTER OF GRID TECHNOLOGIES PTE LTD (In Members' Voluntary Liquidation) (Company Reg. No. *****1524 D) NOTICE OF RESOLUTION At an Extraordtoary General Meeting of the memtoera of the ebovenamed Company duly convened end held at 111 Tonwrael
      440 words
    • 314 7 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF UNITED SECURITY CONSULTANTS (S) PTE LTD Company Aagtouatimi No: *****1353E (In Provisional Liquidation) STATUTORY DECLARATION BY DIRECTOR OF COMPANY'S INABILITY TO CONTINUE BUSINESS BY REASON OF ITS LIABILITIES l,Ow Chun Kuan of l2Teck Whye Lane #05-216
      314 words

  • SINGAPORE MARKETS
    • 517 8  -  STOCKS Counters in play include Unifiber, Interra and Leong Hin; blue chips tread water for most of the session K SIVANITHY Senior Correspondent HERE were no big moves during trading in 1 the local stock market B yesterday, but then again, this was not
      Source: Bloomberg  -  517 words
    • 50 8  -  Compiled by KENNETH LIM fc. in. m l 'CKiS ft r nouncedtbat it has finned a 75:25 joint venture with US-based Plymouth Rubber to manufacture PVC a halt already secured tvyo liiQQs, lie6l aemograpnics, jZF t y wifiofg j EnQ&jfcmQtsfUjJTluTtClQi flunPyt i ~.y. Brokers 1 > I. 9mm >
      50 words
    • 500 8  -  CURRENCIES LARRY WEE Senior Correspondent THE euro forced its way above US$l.34 in holiday-thinned Asian trading yesterday, rising more than half a US cent from a subdued New York close of U551.3385, but stopping short of its post-launch high of U551.3470
      Source: Reuters  -  500 words
    • 397 8  -  Compiled by KENNETH LIM Temasek's Nexgen pares JK Yarning stake TEMASEK Holdings' subsidiary Nexgen Capital has cut its direct stake in JK Yarning International Holdings to 1.03 per cent from 1.93 per cent following the sale on Wednesday of 1.82 million shares in a married deal. Nexgen
      397 words
    • Article, Illustration
      375 8 OTHER SINGAPORE INDICES Dec 23 VALUE CLOSE T OB/OS 152.00 +99.00 BT CADI -*****.00 -13.00 8T 10-day MA -*****.00 +15.00 Alt-SG Equities 525.85 +0.41 SG Equities Elect 156.55 -1.48 SG Equities Fin 1626.81 -4.45 SG Equities Prop 503.19 +2.59 SIMSC1 244.81 -0.02 SiMSCI Futures 245.60 -0.10 MOST ACTIVE STOCKS VOLUME
      375 words

  • SINGAPORE NEWS
    • 471 9  -  Prices of all items rise over last year, led by health care, education, food By DANIEL BUENAS THE consumer price index (CPD rose 1.7 per cent year-on-year for November as prices of all items saw increases, although on a monthly basis, the CPI remained
      Source: DOS  -  471 words
    • 358 9 IN a further expansion of its regional business, SIA Engineering Company (SIAEC) is spreading its wings to 13 airports la the Philippines following a memoranda of understanding yesterday with John Gokongweis Cebu Pacific Air (CEB). In an announcement yesterday, the mainboard listed SIAEC.
      358 words
    • 164 9 OCBC Bank has adopted the Singapore Children's Society as its official charity and will donate halfitmillton dollars a year to the society for the nextfive years. The bank said it hopes to help children and young people realise their potential. "It is a role that
      164 words
    • 152 9 TWo M'sians arrested for credit card fraud TWO Malaysian women were arrested two days ago at Raffles Hotel Shopping Mall for making fraudulent purchases with counterfeit credit cards, police said yesterday. They were arrested after police were tipped ofTthat members of a transnational credit card syndicate were in
      152 words
    • 294 9  -  By DANIEL BUENAS ABOUT 130,000 Singaporeans have yet to qualify for their Economic Restructuring Shares (ERS) in 2005 because they have not put in at least $50 in their Central Provident Fund (CPF) account this year, the government said yesterday. "The government urges
      294 words
  • Page 9 Advertisements
    • 340 9 I Recruit to bridge the gaps in your corporate structure Call MOO 309 0022 or email recruitQspk.com.sg for your recruitment solutions Where to wine, dine and entertain... CaTe Plaza Harkj Jingle Bells Are Ringing! Christmas comes aglow at Cafe Plaza, best known for Its authentic cuisine. To delight diners on
      340 words
    • 41 9 SB Is a sure-fire way to ,53 kick-start a New Year! *-5 New Year's Eve 4-Course Set Dinner $68+ +per person w (Includes a glass of sparkling wine) Kindly pre-book to avoid disappointment. «g For Reservations, 6345 4466 vansh@hind com. sg
      41 words

  • ECONOMY WATCH
    • 522 10  -  Structural factors likely to prop up domestic demand, predicts CSFB By ANNA TEO (SINGAPORE] India and Hong Kong are the top Singapore are likely to surprise on the upside. Thein Phihppines other end, China, Taiwan and South Korea face pie biggest growth
      FILE PHOTO  -  522 words
    • 770 10 Reuters [FRANKFURT] Financial markets believe 2005 could be the year for a European Central Bank (ECB) interest rate rise, but concerns remain about how skilfully the ECB will prepare them for the long-awaited move. President Jean-Claude Trichet roiled markets in December by revealing that
      Reuters  -  770 words
    • 422 10 LATEST US INDICATORS Mixed Commerce Dept reports point to steady expansion Reuters. Bloomberg AP tSHINGTONI US con»rs kept a grip oil their ets in November, fiding less heartily and ng more, while the na's factory sector enfrom the CommercePDepansion that M£ markets lafgely unmoved
      Reuters.; Bloomberg; AP  -  422 words
    • 1229 10 Bloomberg {WASHINGTON] Anthony Lotito, director of Merrill Lynch's data centre, handles 37 per cent more requests forinformation than he did three yean ago with 40 per cent fewer people, a smaller budget and fewer mainframe computers. Mr Lotito's ability to produce more with
      Bloomberg; BLOOMBERG FILE PHOTO  -  1,229 words

  • MALAYSIA/INDONESIA
    • 458 11  -  It joins Greece's Intralot to buy into Russian online gaming company By S JAYASANKARAN in Kuala Lumpur MALAYSIAN power and gaming conglomerate Tanjong pic has teamed up with Greek lottery systems operator Intralot to part-own and manage exclusive lottery games for Moscowbased online betting company
      458 words
    • 385 11 Reuters [KUALA LUMPUR] Malaysia will unveil today a new structure of car tariffs in line with regional trade rules, although die government says the new policy will not result in lower car prices. A finance ministry official said a statement would be issued
      Reuters; AFP  -  385 words
    • 2022 11 m rsm a* 404 ob M*«gGrp ijb undi 59 pwE*d.: 042* 0.01 22a f—I FTEC Resources A46 401 457 MaUkott 7 30 unch «70 MnMn 3.12 undi 0 Furqan But Org. AM 401 15*3 Melayvi Banking 1130 0.10 1102 RanMI MS mil 11 ABMIteaity .132 unch
      2,022 words
    • 470 11 Reuters [JAKARTA] Indonesia will amend the three parts of its oil and gas law that were struck down by the constitutional court this week. Mines and Energy Minister Purnomo Yusgiantero said on Wednesday. Indonesia ratified the law in 2001 to
      Reuters  -  470 words
    • 380 11 AP, Bloomberg fKUALA LUMPUR] Malaysia's budget airline Air Asia posted a net profit of RM10.5 million fS$4.5 million) for the first quarter of its financial year, the airline said yesterday. In a statement to the Malaysian stock exchange, the airline said its
      AP,; Bloomberg  -  380 words
    • 301 11 Bloomberg [JAKARTA] Indonesia has invited 15 overseas banks to pitch to manage the sale of state-owned stakes in at least four banks next year, a government official said yesterday. <- They include Merrill Lynch Co, JPMorgan Chase Co. Credit Suisse First Boston. Deutsche
      Bloomberg  -  301 words
  • Page 11 Advertisements
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  • GREATER CHINA/INDIA
    • 821 12  -  CHINESE ECONOMY: OUTLOOK 2005 Average growth rale estimate of 50 leading Chinese economic experts is 8.4 per cent By JEAN CHUA [SINGAPORE] On the agenda of the Chinese government in 2005: macroeconomic controls, rural and agriculture development, sustainable growth with minimum impact
      AFP  -  821 words
    • 349 12 AP [NEW DELHI] Former Prime Minister PV Narasimha Rao, who set in motion India's economic liberalisation more than a decade ago, died yesterday at a New Delhi hospital at age 83, officials said. Mr Rao, a widower, died of cardiac arrest
      AP  -  349 words
    • 335 12 [MUMBAI] Mukesh Ambani, chairman of Reliance Industries, is reasserting his authority at India's largest private-sector business with a tactical strike that would empower him to remove his younger brother Anil from top executive positions, the Financial Times reported yesterday. The Ambanis are embroiled in an
      335 words
    • 409 12 Firm will also look into media ventures with Naspers {HONG KONG] Beijing Media Corp, which sells advertising space in the Beijing Youth Daily newspaper, is buying an outdoor advertising firm from its parent for 200 million yuan (5539.7 million) and spending 250 million
      409 words
    • 320 12 AP [MACAU! Gaming tycoon Stanley Ho is betting that the US$257 million Greekthemed casino he inaugurated yesterday will strengthen his hand against Las Vegas rivals who have opened in Macau since government restrictions were lifted two years ago. With
      AP  -  320 words
    • 640 12 Timing of legal challenge still unclear, says Housing Authority Bloomberg [HONG KONG] The Hong Kong government's second attempt to sell a record US$2.7 billion property trust is unlikely to proceed next month, because the timing of a legal challenge is unclear, the
      Bloomberg  -  640 words

  • WORLD
    • 741 13 The ouster of CEO Raines is expected to help create a stronger regulator Bloomberg [WASHINGTON! Fannie Mae's selection of Daniel Mudd. a former General Electric Co executive, as interim chief executive to replace Franklin Raines may help restore confidence in the
      Bloomberg  -  741 words
    • 346 13 Bloomberg [NEW YORK] Global stocks will rise at least 10 per cent next year, led by Asian shares, as economies worldwide expand, according to strategists at Goldman, Sachs Co. "We expect equities to break out of the narrow trading range that has
      Bloomberg  -  346 words
    • 609 13 He reveals holdings after being named a Berkshire director Bloomberg [NEW YORK] Bil Gates has acquired ahnoit US$3l9 million worth of stock during thjepast decade in the company friend and fellow billionaire Warren Buffett. Mr Gates, the world's richest person, disclosed the holdings
      Bloomberg; REUTERS  -  609 words
    • 592 13 AFP. Bloomberg ILONDON] A former top executive at Merrill Lynch on Wednesday lost a sexual discrimination suit against the investment bank, in which she had sought more than £7 million (Ss22 million) in damages before a British labour tribunal. The tribunal found, however, that
      AFP.; Bloomberg  -  592 words
    • 436 13 Reuters [MOSCOW] Russian state oil firm Rosneft has bought Yukos's core unit, effectively nationalising 11 per cent of the country's crude output and dealing a heavy blow to Yukos' attempts to halt its own dismemberment. A Rosneft official said on yesterday his
      Reuters; REUTERS  -  436 words
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  • AVIATION
    • 661 14 Passengers thrown around as PIA plane carrying minister dips'like a diver' AFP. AP {KARACHI] An investigation was under way yesterday after two Pakistani planes together carrying hundreds of passengers, including a government min- < ister, narrowly avoided a mid-air collision, officials said. A
      AFP.; AP  -  661 words
    • 191 14 AP [WASHINGTON] In response to numerous complaints from women, the government has ordered airport security personnel to avoid touching woman passengers between their breasts when performing patdowns. Security screeners now will keep their hands to the "chest perimeter" of women unless detection equipment picks
      AP  -  191 words
    • LOG BOOK
      • 84 14 Bloomberg [SHANGHAI] China Southern Airlines Co. the country's biggest carrier by fleet size, said passengers this year probably doubled to a record 40 million after it bought two carriers from its parent China Southern had about 40 per cent of the domestic market, the carrier said,
        Bloomberg  -  84 words
      • 73 14 AFP [NEW DELHI] India's Finance Ministry on Wednesday cleared a proposal by DHL Express Singapore Pte Ltd and the Netherlands Newfield Holdings to buy up to 100 per cent equity in India's Bhie Dart Express. A government statement said the two companies
        AFP  -  73 words
      • 93 14 Bloomberg [PARIS] CFM International, a joint venture of General Electric Co and Snecma SA of France, received a jet-engine order valued at about US$l.5 billion from Air Berlin, which decided to stay with its current supplier to curb costs.The CFMS6 engines are for
        Bloomberg  -  93 words
    • 50 14 [STPAUL, Minnesota]An emergency parachute system being deployed on a small private plane. These parachutes developed by Ballistic Recovery System Inc are used to save an aircraft in distress. The company says the parachutes, increasingly popular among private pilots, can be used on some commercial passenger jets. AP
      AP  -  50 words
    • 354 14 Bloomberg [KUALA Llljkjß] The cargo unit of Matpsiaa Airline System Bhd will reduce its fuel surcharge on freight to the US, and Europe by 17 per cent from Ja* 1 because oil prices have declined. the company said. MASKargo, as the imit
      Bloomberg  -  354 words
    • 270 14 Xinhua [JAKARTA] The Indonesian government has decided to stop issuing operating licences for new airlines, saying there is already enough competition in the industry. Minister of Transportation Hatta Radjasa said that with the current growth of passengers, the existing 22 airlines and 35 air
      Xinhua  -  270 words
    • 620 14 'i| i§ ii is >~ ii ii ifjl l|f ijjp ii jjjg jj! •lili ill-JIH II li TS421 2120 SK972 2210 SSI i2i5 555® ftMbowiw EK405 0105 LH9776 0955 1A7305 2140 BA7310 2015 $069 2155 TK61 2225 9£g» 5955, !l* IH9777 0525 SQ217 0955 Qf5 2140
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  • Page 14 Advertisements
    • 444 14 NOTICE TO TRADE SINGAPORE/MYANMAR V.V. PORT KLANG/MYANMAR V.V. f SOC SHIPMENTS BUSINESS PLAN 2005 The following feeder operators wish to inform the trade of the following Business f. Plan for 2005. S PEAK SEASON SURCHARGE In order to maintain the level of service demanded during the peak season, a J
      444 words

  • SHIPPING
    • 645 15 ADMIRALTY CASEBOOK THE Australian Transport Safety Bureau (ATSB) has appealed to shipbuilders, lifeboat manufacturers, shipowners, operators and ISM accreditation authorities to review and overhaul safety systems for on-load release hooks used to launch lifeboats. The call was made earlier this month in the
      645 words
    • 518 15  -  Star Cruises unit places orders with different yards for early delivery By DAVID HUGHES "7 in London US-BASED Norwegian Cruise Line (NCL) has ordered two identical 2,400berth vessels at different European yards, both for 2007 delivery, in deals worth about 800 million euros (Ssl.B
      518 words
    • 237 15 Reuters [SHANGHAI] China's sec-ond-largest shipping company plans to build five oil tankers at a cost of US$244 million, enlarging its fleet as demand for crude surges in the world's second-larg-est oil consuming nation, the firm said yesterday. China Shipping Development, a government-back-ed
      Reuters  -  237 words
  • Page 15 Advertisements
    • 167 15 2^jj^^^JjjJj^^^^^^To^viertise^calMolHre^Be^B9^B2^^mail^otices@sphxon^g SINGAPORE/PORT KLANG TO BOMBAY (INCLUDING JNPT/NSICT) VV NOTICE TO TRADE BUSINESS PLAN 2005 Feeder operators in the Singapore/Port Klang to Bombay/Nheva Sheva v.v. trades wish to inform the Trade of the following Business Plan for 2005 With effect from 1 March 2005, the following minimum rates shall apply to
      167 words

  • EDITORIAL & OPINION
    • 514 16 EDITORIAL INDONESIA'S steady progress in reforming its economy in the past three years was this week rewarded with another ratings upgrade by Standard and Poor's. Citing improved political stability and a positive economic outlook, the ratings agency raised the country's long-term foreign currency credit rating one
      514 words
    • 772 16  -  THE BOTTOM LINE LEON HADAR Washington Correspondent US President George W. Bush has fired the first shots in his aggressive campaign to restructure the foundation of the American economy, including the overhaul of the nation's pensions system, known as Social Security, with
      772 words
    • 1213 16  -  The turbulence in India's largest private group is bound to have far-reaching repercussions YOGI AGGARWAL MORE than a month after it first surfaced in public, the fight between the Ambani brothers who control the Reliance empire, India's largest conglomerate with a market cap of 1,300 billion rupees
      AFP, REUTERS  -  1,213 words
    • 76 16 'The police have been fighting this problem intensively since the 1980s, but people are so poor here, there's no difference between being alive or dead.' Mo Zaigang, 36, a Chinese peasant on the Myanmar border, on the growing heroin trade 'Looking for a peaceful Iraq after the
      76 words
    • 1790 17  -  Chinese energy firms are keen to win access to prized oil reserves. But their deals may upset the usually smooth US-Canada energy relationship By SIMON ROMERO NYT CHINA'S thirst for oil has brought it to the doorstep of the United States. Chinese energy companies are
      NYT; REUTERS FILE PHOTO  -  1,790 words
    • 973 17  -  LETTER TO THE EDITOR Low Seow Meng Singapore THE collapse of China Aviation Oil (Singapore) due to speculative trading has caused great confusion and pain among bankers, creditors, oil traders/brokers, and investors. All were caught flat-footed, and are pondering their next move to
      REUTERS  -  973 words


  • 7144 18 STRAITS TIMES INDEX STOCKS India— m am O—t m o— omm ABgretn 50c 0-29 1.060 -0.010 NOC 2.09 2.970 *0.00 nm US20c 0.45 0 980 *0.005 03C 10.10 13.700 *0.100 1-34 2.040 *0.030 PftowyHgc 0*7 1.470 4.030 Oft SwrtOond 2fc 0.70 0.940 -0005 IHoptrt Hood HK50c OAS lAtO
    7,144 words

  • 5664 19 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES ta tout art to St in trt i %<ty yr dy Hw *yr OkH Indw Chang* Otonge Ch«r^« WtaridlndBiPufaiWY 847.6 05 8.9 0.4 7.7 04 Hi < EAfE PrrirtMty 765.2 0.7 9.1 0j6 11.1 q7 150 Europe Prcfcninarv 1053.6 08 8.9 06 12.0
    5,664 words

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    • 1655 20 I TO USA/CANADA I I EXPORT I I OTHER DESTINATIONS I [vESSa j VOY PRG EtA SRI LONG BEAQI| DALLAS [HOUSTON j MEMHRS |ORCAGO| NEW YORK TO AUSTRALIA (AUSTRALIA ASIA EXPRESS) 00G. HAMBURG 08E53 OMIT 28/12 14/01 20/01 21/01 19/01 19/01 22/01 ytSSB VOY TO SIN W6 ERE INI 1
      1,655 words
    • 915 20 IINTEKASIA «O*Q SEKVICI vissa/vor umncn hbchiw pkc kh lo aw jki 1 STRAITS VtHTURE /II IS 3? 73/12 24/12 30/12 02/01 04/01 siMnsvtmuiE/oi 15 3.2 13/01 14/01 u/01 |siUnSVtNniK/02 IS 3.2 20/01 2VOI 27/01 30/01 01/02 I WIST ASIA/tSNOAL KOtO SVS VtSStL/VOT I IAMPffT) I HDGHT(M) I TOK Kg KHH
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  • Page 21 Advertisements
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      1,083 words
    • 1409 21 VBSa VOY SIN JKT HkTSh IK KYH PUS VESSEL VOY SIN JKT SUB HKG USN PUS HYVUDIVOSTOK 152S 30/1? 1/16/1 1/1 10/1 12/1 12/1 KMTCSHANGHAI 415S 26/12 21/12 30/12 4/1 8/1 »/l HYPKOGKESS OWS t/1 «/1 13/1 15/1 17/1 11/1 H/l KMTC POUT KEUHG 413S 2/1 5/1 4/1 11/1 15/1
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    • 1004 21 W Sit'3XTA! WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICD POINTS VESSEL VOT SIN MLANGI COLOMBO H. SHEVA COLOMBO PlftClfK QUEST OQO2W 20 Dtc 22 DEC 25 DPC 28 DEC 31 DEC KOTA PEBWIIA YPWOSS 27 DEC 11 DEC 01 JAN 04 JAN 07 JAN INDIRA
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  • Page 22 Advertisements
    • 620 22 IM||A# wallenius wilhelmsen website: http://www.2wglobol.com TAMPA AFSOI 4201 ms 6.4* I 01/01 I 26/01 04/02 11/02 12/02 14/02 14/02 18/02 08/02 I TARAGO Afso2 3201ns 6.4 M I H/01 I 10/02 19/02 26/02 27/02 04/03 02/03 06/03 23/02 TEXAS Afso3 4201 dm 6.4 M 05/02 j 27/02 08/03 15/03 16/03
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    • 1075 22 -ffisa m m wu a* _2Lm 007 V 23Z12 25/12 PAC Hfllll Ull 23/12 26/12 -MIASM 1M mi 24/H -2ALIAU 1144 25/12 vuu W(»ANPA 1349W 25/12 26/12 414M14T4 7 182 i 21/1? 31/17 mim± WON 26/12 27/12 PACHNTAN 92M 30/12 02/01 gf 2301 gfiztt 24/12 27/12 CSf 2301 0075P 28/12
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    • 606 22 MYANMA BQ FIVE STAR LINE (Myonmar Notional Line) Loading for Yangon VESSEL VOY SIN PM PIN PGU PAGAN 338W SID SID HPA-AN 330W SU) IN MAUYSIA: ROUSTEAD SHIPPING AGENCIES KUI/PKI: 03-*****388 PEN: 04-*****15 ACCEPTIMa COWVEUIOWAL C6O HKG SIN HRG SIN PGU PKI KIK OOANIA OUEEN 127 SID SU) SID SU>
      606 words

  • Page 23 Advertisements
    • 1102 23 /I f\ S'pore Agents: lAL Slmmmj Aomcv (S) Pit ltd (CR MO; 16S*****000Z) m 180 CiJsirlwtTJl 103 Bangkok Bank Iwldmg Singapore 069 546 C/ Ht@P&Sld T«l: 6323-6466/77 Fax: 6323-6433 WtksTt*: www.litirisidiits.cta SUPER EXPRESS SERVICE TO HONQ KOWQ JAPAN vissa vot osk noi swz tto rasa jviwplln^ WAN HAI 307 5025
      1,102 words
    • 366 23 I E P T CARRIERS HfPffi «WKI WIKIY MHO PAT SAIiING iIMOtPQM tOt' »UMt TAHGON vissa vot Si I m ygh YAHKHSTM 3*IM 17/12 ffl 11/12 SAT a/mm" TAMCOX STAR 34* 21/12 TW 30/12 THU 03/01 HOW TAMOOWSTAR ***** Qt/01 SUM 11/01 Wit 15/01 SAT TAHOOWSTAR 371N 21/01 HB 23/01
      366 words
    • 960 23 DH7 I IMPQ MAM: TIL 6221-1333 FAX: 6221-5272 I //7 IUL kIIUCW 4Tftßrnn »n CUSIOIW StRVKL TIL* 6221-SS96 FAX: 6227-1190 I Ok ti "I SINGAPORE: TOHG XX) SHIffINC PTE LTD 1376MM«)0C WeMte: mftfHMM tttWII, MTJUMMMI AW YtfTlUUi vcsa vot rasw "ioT~ on vcsa vot" rasw ImT" vtssti "voT"r«si>i ~s5T vea
      960 words
    • 231 23 liner tarvite S.I. Atio/USA vito »»rto SPECIALISE IN HEAVY UFTS A PROJECT CARGO DMWH) DMUmNM MV MDUSTMAL OB W/W Hm* tat, Sh_M, k+m. UMIM2/SMW Vnnrii USK oHm> part hifcmiii I MV MOUSTMALCHAMP T^IJ (Mar Parti 0* Wraaa*. HOUSTON MMi MVMOUSTHAIMYSIK 04/01 iU Mb Mfai IfIVWRR Others ports in USA, Mexico,
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    • 509 23 HBB|HllGHs!l^^2«H2Wl^3m?o^?o9^l ■Pfffjfll TIGER WAVE 246N 28 29/12 04 06 '01 1112/01 I HUmImI TIGER PEARL 247N 03-04/01 09-11/01 17-18/01 I ■Ul TIGER SKY 248N 04-05/01 11-13/01 18-19/01 I ■■■■■TIGERSEA 249N 08-09/01 14-14/01 22-23/01 I ÜBHhgerwaye 2 SOW 1112/01 18-20/01 25-24/011 MMm™™ ■HVPHVHTIGER SPIRIT 097 01-02/01 08-10/01 18-19/01 I BUUIU ACHIEVER
      509 words

  • THE BUSINESS TIMES SHIPPING TIMES
    • 6878 24 m ||B|||HHiHciJMMUUMMiMHUBBRlHHBHllBUM CTA fTA MwflMr nml VMM MhIni im KVA AAwrtinr M Vam HhpkM ita ETA khmtum HmI Vnm Mm HA CTA AArartinr VmI v«y*V* Tataphm eta ITA AiwHiw VomI Viyf T*pfc"» as i ar a: *,to ABKMAN (ASJ) 2003 GoMDIwoira OWM <M2 CMnaSkpg
      6,878 words
  • Page 24 Advertisements
    • 88 24 jj— One-Stop Shipping Services 9Mp Registrations Ship Classifications Radio Accounting TtwgkL Mongolia, Panama, Quality, Safety, Security SarvlcaS BeNlfwKl many othar flags Surveys and Consultants Accounting Authority RSO6 24-hour efficient service, 365 daya a year I I Worldwide network of surveyors ownership/craw ■HSEbmb •tSPPw Staffed by qualified professionals with many MEHBF
      88 words

  • ARTS/MUSIC
    • 1325 25  -  PARVATHI NAYAR looks at what some in the arts and business are doing to return something to the community PARVATHI NAYAR IS the season to give and receive, but surely, not just in a material sense. Helping others by using "things that inspire" in a creative
      1,325 words
    • 361 25  -  By PARVATHI NAYAR THE next best thing to snowflakes and Santa for Christmas is 14 tons of ice on a stage and a fairy tale that you can watch from the dry comfort of your seat. The highly anticipated Sleeping Beauty On Ice opened last
      ARTHUR LEE  -  361 words
    • 389 25  -  By KANNAN CHANDRAN IT'S been almost two decades since Bob Geldof conceived Band Aid and penned the single with Midge Ure to help raise funds for the famine-stricken in Ethiopia. Galvanised into action by a BBC documentary, and with not much else going on in
      389 words

  • ARTS
    • 817 26  -  Activities have been lined up for a thoughtful Dec 31 night which also 'celebrates being at home', CHEAH UI-HOON reports CHEAH UI-HOON /m HOPE for peace in the Jf I world" and "I want a flatscreen TV" aren't quite in the I same league of Christmas
      817 words
    • 168 26 Dec 24 (Fri) to Jan 2 (Sun) The Imperial Ice Stars The Sleeping Beauty on Ice By The Imperial Ice Stars (Russia) Esplanade Theatre, Bpm (135 mins, with intermission) Tickets: $39 to $105 (Concessions apply) Dec 24 (Fri) to Feb 27 (Sun) Botero in Singapore By Fernando
      168 words
  • Page 26 Advertisements
    • 345 26 ■P s^^H^^^^^^BKflii^^^^Sw«tH^c h^.D^um^sM llh9 W Kg I Ari Let three of Singapore's most promising young pianists B ft* v "ifl uplift your soul with a heavenly repertoire of works from Nk W the inlmitatte Chopin, Schumann and Uszt Ifs time to iw±, M* romance your ear*. JBgSPEffEP^iljßfii ■Hll' *w &3^*v&<v.^ssrrlßb
      345 words

  • CINEMA
    • 492 27  -  Kung Fu Hustle features some very stylish fight scenes, with Stephen Chow taking the genre to impressive new heights, says GEOFFREY EU GEOFFREY EU /Mm ma ITH great power A comes great responsi--1 l bility," says a soon-to-il If ex P* re martial arts V V
      492 words
    • 577 27  -  By GEOFFREY EU YOU'VE seen the musical, listened to the CD and sung along to the show's delightfully cheesy love duet at your best friend's wedding. Now comes the big screen version of The Phantom of the Opera Andrew Lloyd Webber's cliche-fitted monster
      577 words
  • Page 27 Advertisements
    • 384 27 hMI. 21 I 15*5 I Iff:.- W^^vn^mr.Hff! Mil ill I iPWF 44HWpP>[ —p—l> ibpi i "JW AJZ? I r~:'/s£~; i• lIHfIHHMHfIBHSHfIBfIBMHHIII pMMMHHHppr' L ■IMWiMIBBWBWBIBWIBBiiM FESTIVE DINNER MENU IWCIOII (X 26, 90 and 31 0«o 2004): BAMRobertaon #01 -23 $3 per glass/$l2 per jug on all house pours and Carlsberg Draught
      384 words
  • Page 27 Miscellaneous
    • 225 27 CRYPTIC CROSSWORD footnote around the edge (6) French star injured toe 26 Team at play appear in profile (4-2) holding each other (3-2-3) line of heavenly bodies (6) 27 COIM 1)6 8 u ,dC mi9ht P int YESTERDAY'S SOLUTION verge (2,3.3) here! (8) DOWN 13 Naughty Timmy and I have
      225 words

  • executive lifestyle
    • 580 28  -  off the cuff jaime ee 'M concerned: What's happening to Christmas? Do you hear what I hear? In my case, absolutely nothing, unless you count endless refrains of Jingle Bell Rock in both classic, hip hop, and horrors, a vintage reggae version. I have
      580 words
    • 1757 28  -  FOR those who celebrate it, Christmas is an undeniably feel-good time aided by all the tinsel and tunes in shopping malls, restaurants and homes. That's if you're not stressed out trying to finish off the year's work, while running around tying loose ends for your Christmas
      Illustration by Choo Hua Keong  -  1,757 words
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