The Business Times, 29 December 2004

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Microfilm: NL25889
Total Pages: 26
1 26 The Business Times
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  • Title Section
    Lock icon Masthead
    15 1 THE BUSINESS TIMES SINGAPORE 85 cents online at http://business-times.asial.com.sg MICA (P) 023/03/2004 Wednesday, December 29,2004
    15 words
  • Article, Illustration
    Lock icon S'pore firms pitch in to help victims
    737 1  -  Food, money and aid roll in for quake survivors By CHEAH UI-HOON [SINGAPORE] As the biggest international humanitarian relief operation ever mounted got underway yesterday, companies and organisations here got cracking to help the victims of Asia's tsunami disaster. "We felt we had
    REUTERS  -  737 words
  • Article
    Lock icon MARKETS DIGEST
    139 1 sn 2.058.12 (+7.13) ST INDEX FUTURES 2,054.00 (unch) SIMSCI 245.42 (+0.93) SIMSa FUTURES 246.20 (+1.20) MARKETS Tuesday Change KLSECOMP 906.55 -0.34 NIKKEI 225 11,424.13 +61.78 HANG SENG 14.196.95 +2.05 SET INDEX 682 J9 -1.47 JAKARTA COMP 1.003.91 +6.40 MANILA COMP 1,825.98 +18.49 SEOUL COMP 878.43 +1.45 SHENZHEN B
    139 words
  • Article
    Lock icon Post-tsunami insurance premiums set to rise
    527 1  -  Claims expected to be well below the US$37b insured losses for 9/11 By VINCE CHONG [SINGAPORE] Insurance claims from the tsunami disaster are expected to run into hundreds of millions of dollars and premiums are set to rise. Industry insiders said yesterday that claims
    527 words
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      Lock icon Page 1 Advertisements Column 1
      76 1 it 2 EXEC MONEY HowS'poretax laws affect your stock options PG2S AM gUS EQUmES Gains of 6-10% expected IT year pg IPO: \A OUTLOOK 20^>| A shift from quantify to quality PG4 ii r mi f low .7-Tm^i:- 1 i .gj.-~ J hi /K\ AUTO B||M(jli^^W|fci| r C t n*r«:
      76 words
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      62 1 HOW YOU CAN HELP Businesses, organisations collecting aid for victims pg 3 OTHER REPORTS Subdued markets struggle back on their feet PG 2 Region braces for slower economic growth PG 2 Governments struggle as death toll rises PG 11 Regional demand for jet fuel falling PG 11 S Korean carriers
      62 words
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  • TOP STORIES
    • Article, Illustration
      Lock icon IMPACT OF THE DISASTER
      630 2 Two days after tidal waves battered the Indian Ocean coastlines of India, Indonesia, Sri Lanka, Thailand, Malaysia and the Maldives, more than 55,000 people are believed to have been killed. Most of them were local residents, but hundreds of foreign tourists are still unaccounted for. Here
      Compiled by BT from wire services  -  630 words
    • Article
      Lock icon Subdued markets struggle back on their feet
      649 2  -  TSUNAMI TRAGEDY UN mounts biggest relief effort ever, mobilising ships, helicopters, planes By WONG WEI KONG [SINGAPORE] As relief efforts got under way yesterday to help Asian nations devastated by Sunday's massive tidal waves, regional markets were mostly flat or higher amid quiet
      649 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      657 2 IPO market set to re-focus on firms with track records SINGAPORE'S initial public offering market could be shifting emphasis to corporate governance and i tried-and-tested track records in 2005 as industry players try to move from a year of quantity to one of quality. "The market in 2005
      657 words
    • Article
      Lock icon Region braces for slower economic growth
      733 2  -  Tourism will bear the brunt of the destruction By JEAN CHUA [SINGAPORE] As the region counts the rising human toll from Sunday's massive earthquake and tidal waves, some countries are also bracing for slower economic growth. Among the hardest hit was Sri Lanka, where
      733 words
    • Article, Illustration
      Lock icon Japan to push for global quake warning systems
      817 3  -  TSUNAMI TRAGEDY It will offer aid to install systems in unprotected parts of the world By ANTHONY ROWLEY in Tokyo JAPAN will use a United Nations international conference on disaster prevention to be held in Kobe next month to argue that early
      AP  -  817 words
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      57 2 Incorporation services in all major jurisdictions Global network of offices Ready-made companies available Management and administration services China business registration Accounting and trade support services Virtual office solutions Personal and corporate bank introductions TO ARRANGE A FREE CONSULTATION CONTACT: SimonneToh T:+6s 6535 3382 F: +65 6535 3991 E: singapore@ocra.com.sg 24
      57 words
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      284 3 How you can help Here are some businesses and organisations in Singapore that are collecting aid for victims of Sunday's tidal waves NTUC Fair Price supermarkets $10 food vouchers collection cans Jan 1- 31 Art of Living Yoga Money, dothes> blankets* Dec 31, January Meditation Centre canned or packaged 6
      284 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Don't bank on procurement to pull CAO through
      882 4  -  HOCK LOCK SIEW By KENNETH LIM WITH thoughts on China Aviation Oil now turning to its debt restructuring, recent news about the company have focused on its ability to continue procuring jet fuel for China's airports. But banking too much on CAO's
      REUTERS  -  882 words
    • Article
      Lock icon IPOs to focus on track records: bankers
      1922 4  -  Market will avoid IPO aspirants with higher risk profiles, they say By KENNETH LIM SINGAPORE'S initial public offering (IPO) market could be shifting emphasis to corporate governance and tried-and-tested track records in 2005 as industry players try to move from a year of
      1,922 words
    • Article
      Lock icon Expensing stock options: group to study pay impact
      450 5  -  Hay Group to launch survey in wake of new accounting rule By WONG WEI KONG THE Hay Group is launching what it says will be the first comprehensive survey on the impact of mandatory stock option expensing on executive remuneration in Asia,
      450 words
    • Article
      Lock icon SembCorp Ind unit bags US$67m Indon contract
      267 5  -  By DONALD URQUHART A SUBSIDIARY of main-board-listed SembCorp Industries' (SCl's) engineering unit has been awarded a US$67 million contract for new gathering and testing satellites in the Tambora gas field in Indonesia's East Kalimantan province. PT Sempec, an Indonesian subsidiary of SembCorp Engineers
      267 words
    • Article
      Lock icon Shangri-La Asia plans expansion in Middle East region
      353 5 Two more hotels in Dubai, one in Qatar, and resort in Oman AP [HONG KONG] Hotel group Shangri-La Asia Ltd plans to expand in the Middle East to capture a bigger slice of the region's rapidly growing business and leisure travel market.
      AP  -  353 words
    • COMPANY BRIEFS
      • Article
        Lock icon KIE inaugurates Guangzhou airport venture
        117 5 CONGLOMERATE KeppelCorp's environmental engineering arm Keppel Integrated Engineering (KIE) and its Chinese partner yesterday inaugurated Guangzhou Baiyun Airport Facilities Management and Operation Co. The joint venture which is 25 per cent owned by KIE and 75 per cent by Guangzhou Baiyun International Airport Ground Handling
        117 words
      • Article
        Lock icon Cosco Shipyard gets business licence from China authorities
        92 5 COSCO Corp (S) said the Chinese authorities have given the required business licence to Cosco Shipyard Group Co in relation to its acquisition of a5l per cent stake in Cosco Shipyard. SembCorp Marine also bought a 30 per cent stake in Cosco
        92 words
      • Article
        Lock icon Thakral repays in full its previous borrowings
        61 5 THAKRAL Corp said it has fully repaid its previous borrowings as part of a refinancing deal. Funds for the refinancing were arranged under a Dec 15 facility in which the Singapore branches of Arab Bank, Raiffeisen Zentralbank Osterreich Ag and Southern Bank are
        61 words
      • Article
        Lock icon Shanghai Asia buys 10% stake in Beijing printing firm
        105 5 SHANGHAI Asia Holdings, a China-based packaging solutions provider for cigarette makers, said it has agreed to buy alO per cent stake in Beijing Jinhui Printing Co from vendor Hong Kong Brilliant Asia Co for 4.8 million yuan (*****,691). Beijing Jinhui Printing
        105 words
      • Article
        Lock icon PSC uses $1.5m from share placement as working capital
        55 5 PSC Corp said it has used $1.5 million of the net proceeds from an earlier new-share placement as working capital. The placement, announced in March this year, involved the issuance of 220 million new shares at 12 cents apiece for about
        55 words
      • Article
        Lock icon Intraco sells entire 30% stake in Bomin Bunker Oil
        59 5 INTRACO has sold its entire 30 per cent stake in Bomin Bunker Oil for U*****,000 in cash to Bominflot Bunkergesellschaft Fur Mineralole. The deal, which was priced on a willing-buyer, willing-seller basis, is not expected to have any material impact on
        59 words
    • Article
      Lock icon Q4 profit soars 50% for China Flexible Packaging
      313 5 Dividends totalling 12 RMB cents per share proposed [SINGAPORE] China Flexible Packaging's fourth quarter net profit rose 50.8 per cent year-on-year to 61 million yuan (Ssl2 million) on the back of contributions from an acquired unit, and the company plans to pay
      313 words
    • Article, Illustration
      Lock icon Philippines' PLDT in talks with potential overseas partners
      259 5 Bloomberg [MANILA] Philippine Long Distance Telephone Co (PLDT), the nation's largest phone company, said it is in talks with mobile-phone companies in Canada, Italy and Singapore to enable its unit Smart Communications Inc to provide wireless phone services to Filipinos overseas. We
      Bloomberg; AFP  -  259 words
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      Lock icon Page 4 Advertisements Column 1
      80 4 71 Prime Suburban Mixed Landed Site@ M Landed Housing 1 Paya Lebar Crescent Freehold l£2T Site area 25,572 sqft (approx.) a K^»"%^^nHeartu« n d Residential 3/sty mixed landed I Plot ratio 1.4 Sert Possible development-Cluster Housing Lebar Near to Serangoon and Kovan MRT Stations art?" ar >d established schools J
      80 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Small caps see rotational punting
      404 6  -  STOCKS Counters like L&M, Panpac Media, Thakral and Global Voice chalk up large volume R SIVANITHY Senior Correspondent A CURIOUS mix of China stocks, battered tech counters, penny speculatives and a handful of blue chips yesterday led the local stock market slightly higher in a
      Source: Bloomberg  -  404 words
    • Article, Illustration
      Lock icon BROKERS' TAKE
      1008 6  -  Compiled by KENNETH LIM HTL International Dec 28 dose: $1 JO OCBC INVESTMENT RESEARCH, Dec 28 WE are doing a preview of HTL International's FYO4 results, which are expected to show yet another record earnings year. As a recap, underpinned by strong demand in its key sofa markets
      Source: Bloomberg  -  1,008 words
    • Article, Illustration
      Lock icon US$ firms versus yen in Asian trade
      321 6 CURRENCIES AFP [TOKYO] The US dollar was firmer against the yen in Asian trade yesterday as the impact of a sharp drop in Japan's jobless rate was cancelled out by soft industrial output data, dealers said. The currency market ignored rising casualties from
      AFP  -  321 words
    • TRADES TO WATCH
      • Article
        Lock icon Azeus surges on MD's 20.3m-share purchase
        102 6 AZEUS Systems Holdings managing director Lee Wan Lik bought 20.3 million shares on the open market yesterday, sending the stock climbing 8.3 per cent to a 19.5-cent close. The director, whose total direct and deemed stake has been increased to 78.78 per cent from
        102 words
      • Article
        Lock icon GRP acting CEO sells as ED buys on market
        99 6 GRP acting chief executive Iris Sim Yeow Tiang sold one million shares on the open market on Monday, while fellow executive director Han Hai Kwang bought two million shares on the same day, also on the open market. The shares were
        99 words
      • Article
        Lock icon LKN-Primefield EDs' possible deemed shares
        101 6  -  Compiled by KENNETH LIM LKN-PRIMEFIELD said that, based on a "very conservative" reading of what constitutes deemed interest, executive directors Lim Kong Wai and Lim Kong Yong may be deemed to be interested in 321,000 shares originally acquired by Hotel Equatorial (Malaysia) at $1.56. Mr
        101 words
    • Article, Illustration
      Lock icon Untitled
      433 6 OTHER SINGAPORE INDICES Dec 28 VALUE CLOSE BT OB/OS 595.00 -32.00 BTCADI -*****.00 4-90.00 BT 10-day MA -*****.00 +60.00 All-SG Equities 528.55 +1.94 SG Equities Elect 158.76 +0.65 SG Equities Fin 1619.15 +6.67 SG Equities Prop 517.21 +2.30 SIMSCI 245.42 +0.93 SiMSCI Futures 246.20 +1.20 MOST ACTIVE STOCKS VOLUME Azeus
      433 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Centrepoint bags 6 Leicester Rd plots
      563 7  -  $14m purchase enlarges Woodsville Court site bought earlier By KALPANA RASHIWALA CENTREPOINT Properties, the property arm of listed Fraser Neave, has bagged a row of houses next to the Woodsville Court site that it bought earlier this year, sources told BT yesterday. The latest
      563 words
    • Article, Illustration
      Lock icon Help for S'poreans in disaster
      347 7 TSUNAMI TRAGEDY The govt is trying to contact about 400 people in the affected regions THE government is making efforts to reach out to several hundreds of Singaporeans believed to be in tsunami-struck areas as news came that two Singaporeans are confirmed dead following the
      347 words
    • Article
      Lock icon MOM calls on bosses to show compassion to foreign staff
      218 7 THE Ministry of Manpower (MOM) yesterday urged all employers of foreign workers from countries hit by the massive tidal waves to show compassion and patience to their workers, and to assist those whose families may have been affected by the
      218 words
    • Article
      Lock icon Laguna Resorts reports death of one guest
      399 7 Bloomberg LAGUNA Resorts Hotels pic, which runs five of the top beachfront resorts on Thailand's Phuket island, said a guest was killed while all of its 3,000 employees are safe following the earthquake and tsunamis on Dec 26. All guests, except an Italian
      Bloomberg  -  399 words
    • Article
      Lock icon Paya Lebar site put up for en bloc sale
      169 7  -  Reports by KALPANA RASH IWALA A THREE-STOREY block of 12 apartments at Paya Lebar Crescent is the latest to hit the collective sale trail. Eastern Way Mansion, with a freehold land area of 25,572 sq ft, is expected to fetch at
      169 words
    • Article, Illustration
      Lock icon GIC Real Estate confirms purchase of Seoul office building
      194 7 [SEOUL] South Korea's largest office building. Star Tower, with a gross floor area of about 2.3 million square feet, is now owned by (iIC Real Estate. The property investment arm of the Government of Singapore Investment Corporation (GIC) yesterday confirmed the
      194 words
    • Article
      Lock icon Former NNI researcher censured over 26 charges
      478 7  -  By DANIEL BUENAS s A RESEARCHER who worked under the supervision of Dr Simon Shorvon ex-head of the National Neuroscience Institute (NNI), who was sacked for ethical breaches in April last year has been found guilty of 26 charges of professional misconduct by
      478 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Japan Nov output up 1.5%, jobless rate at 6-year low
      657 8 But economists stay cautious on outlook as output rebound is below forecasts Reuters [TOKYO] Japanese industrial output rose for the first time in three months in November and the jobless rate fell to its lowest in nearly six years, providing
      Reuters; AFP  -  657 words
    • Article
      Lock icon US consumer confidence index beats forecasts in Dec
      630 8 LATEST US INDICATORS Bloomberg, Reuters [NEW YORK] US consumer confidence rose more than forecast in December, reaching a five-month high and reflecting increased optimism about jobs and incomes that brightens the economic outlook. The Conference Board's reading of 102.3 exceeded the highest
      Bloomberg,; Reuters  -  630 words
    • Article, Illustration
      Lock icon China's specialty cities rule textile industry
      1411 8 With entire cities dedicated to producing a specific garment, China looks set to grab a larger chunk of the world's clothing orders NYT [DATANG, China] YOU probably have never heard of this factory town in coastal China, and there's no reason you should have.
      NYT; REUTERS FILE PHOTO  -  1,411 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Damage to M'sia seen as slight
      522 9  -  TSUNAMI TRAGEDY Despite temporary disruption to tourism, general impact is limited By PAULINE NG in Kuala Lumpur MALAYSIA may not have escaped Sunday's tsunami strike, but damage to the economy is expected to be slight, analysts say. Considering the pounding that neighbours Thailand and
      AFP  -  522 words
    • Article, Illustration
      Lock icon Indon growth may soften blow
      479 9 AP. Bloomberg [JAKARTA] Indonesia's economic growth next year may soften the financial blow of the devastating earthquake and tsunami in the northern province of Aceh, the finance minister said yesterday. "Nationally, the impact can be neutralised" by gross domestic product growth expected to hit 5.5
      AP.; Bloomberg; REUTERS  -  479 words
    • Article
      Lock icon AMMB to raise cash payout by 25%: report
      508 9 [KUALA LUMPUR] Malaysia's fifth biggest lender, AMMB Holdings Bhd, plans to hike its cash payout by 25 per cent under a cash and share deal to take its finance unit AMFB private, Reuters quoted a Star report yesterday. The lender will adjust
      508 words
    • Article
      Lock icon KUALA LUMPUR STOCK EXCHANGE
      2363 9 A vol FSBM .0.7* 0.01 52 IK2I u'» KM W- root) FTEC Resources *43 -001 310 Furqan Bus Org -.*34 -001 5960 ASMReaity 132 unch 5 Gadang 1.40 -0.01 909 Abric 052 unch 36 Gamuda .5.15 -0.10 225 ACP Inckjstnes 1.15 unch 32 General Corp 0.50
      2,363 words
    • Article
      Lock icon KFC to sell 27 outlets to Amanah Raya
      270 9 This will help KFC realise a gain of RM10m [KUALA LUMPUR] KFC Holdings (Malaysia) Bhd will sell 27 of its retail outlets to Amanah Raya Bhd (ARB) for about RMSS million (5523.6 million), and lease back the property from ARB for 10
      270 words
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  • GREATER CHINA/INDIA
    • Article
      Lock icon Rising property prices revive Cyberport
      563 10 The development is forecast to yield HK$17.6b in profits for the govt, PCCW [HONG KONG] Rising property prices here have revived the fortunes of Cyberport, a controversial residential and office com- plex, which is forecast to yield HK$l7.6 billion ($53.7 billion) in profits for *he
      563 words
    • Article
      Lock icon Shares of Chinese TV maker hit 8-year low
      734 10 NYT. Bloomberg [BEIJING] Shares of Sichuan Changhong Electric Co plunged to an eight-year low as China's second-big-gest television maker said it will set aside more than US$332 million to cover bad debts, pushing the company to its first annual loss. Changhong's A
      NYT.; Bloomberg  -  734 words
    • Article, Illustration
      Lock icon More than just cheap labour pulls manufacturers to China
      585 10  -  CHINA INSIGHT Workers there get more training, and more manufacturers practise 'total quality management' JEAN CHUA Reporter IF THE stuff of your holiday weekend included Christmas trees, fairy lights, toys for the kids and nieces and nephews, Marks and Spencers greeting
      585 words
    • Article, Illustration
      Lock icon Reliance to supply gas to energy unit
      451 10 The gas is for Reliance Energy's US$2.2b plant Bloomberg [MUMBAI] Reliance Industries, India's biggest nonstate company, will supply natural gas to its energy unit, seeking to allay investor concern that a rift between the Ambani brothers who manage the companies may disrupt the
      Bloomberg; AP  -  451 words
    • Article, Illustration
      Lock icon HK mortgage loans rise to HK$13.9b
      485 10 Bloomberg [HONGKONG] Hong Kong's property owners borrowed HK$l3.9 billion (552.9 billion) in residential mortgage loans in November, the most since mid-1999. New loans drawn increased by 13 per cent from October and 55.4 per cent from a year earlier, according to data provided by
      Bloomberg  -  485 words
    • Article
      Lock icon China ups export tax rebates for mobile tech
      245 10 Bloomberg [BEIJING] China has raised export tax rebates available to companies like ZTE Corp on semiconductors, mobile phones and other categories of wireless communication and electronic equipment. The rebate, available for exports of equipment including mobile base stations and Internet routers and
      Bloomberg  -  245 words
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  • WORLD
    • Article
      Governments struggle as death toll rises
      542 11 TSUNAMI TRAGEDY Relief operations are set to be the biggest ever with over 55,000 dead AP, AFP, Reuters, Bloomberg [BANDA ACEH, Indonesia] A dozen nations in a band of destruction from Southeast Asia to Africa yesterday tallied corpses from Sunday's killer storm at tropical
      AP,; AFP,; Reuters,; Bloomberg  -  542 words
    • Article, Illustration
      Ex-Fannie Mae CEO to get monthly pension for life
      502 11 AP [WASHINGTON] FRANKLIN Raines, who was forced out as Fannie Mae's chief executive after five years, is slated to receive a monthly pension of more than US$ll4,OOO for life, according to documents the mortgage lending giant filed with the Securities and
      AP; REUTERS  -  502 words
    • Article, Illustration
      Regional demand for jet fuel seen falling
      460 11  -  By RONNIE LIM [SINGAPORE! Regional demand for transport fuel is likely to fall following Sunday's tidal wave disaster that devastated coastal areas across much of South and South-east Asia, oil traders say. The impact on oil demand will be more apparent in a
      REUTERS  -  460 words
    • Article
      Japanese manga seeing a boom in US
      590 11 NYT [NEW YORK] Sales of Japanese comics—more familiarly known as manga—are exploding in the United States, and much of the boom is due to efforts by comic book publishers to extend their reach beyond young male readers. Beyond all males, in fact. "Manga
      NYT  -  590 words
    • Article, Illustration
      Last-minute buying lifts sales at US stores
      523 11 [LONDON] Sales at US retailers surged in the final days before Christmas, making up for weaker sales earlier in December and keeping stores on course for a gain of as much as 3 per cent during the holidays. Sales at stores open at
      AFP  -  523 words
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  • AVIATION
    • Article, Illustration
      S Korean carriers halt Phuket flights
      603 12 TSUNAMI TRAGEDY Korean Air, Asiana suspend services to devastated resort island for a month Bloomberg [SEOUL] Korean* Air Lines Co and Asiana Airlines Inc will halt flights to the Thai resort island of Phuket for a month after tsunamis lashed the country's southwest coast,
      Bloomberg; REUTERS, AP  -  603 words
    • Article
      US govt probes X'mas travel disruptions
      371 12 At least 30,000 passengers were branded in airports AFP [WASHINGTON] The US government on Monday launched a full-fledged investigation of what it called severe disruptions in Christmas air travel that resulted in at least 30,000 passengers being stranded in airports around the country. Adding
      AFP  -  371 words
    • Article
      China raps airlines for poor standards
      156 12 AFP [BEIJING] China's aviation regulator threatened to shut down domestic airlines and airport operators with poor standards in a move to get them to step up safety procedures and training, state media reported yesterday. "Aviation authorities at all levels will conduct regular checks in
      AFP  -  156 words
    • Article
      Vietnam Air plans new services to Frankfurt and Japan
      193 12 Bloomberg [HO CHI MINH CITY] Vietnam Airlines Corp plans to add a fourth route to Japan and start a direct service to Frankfurt as part of its expansion after carrying a quarter more passengers this year than in 2003. Non-stop flights
      Bloomberg  -  193 words
    • Article
      AIRCRAFT ARRIVALS AND DEPARTURES
      1955 12 CITY FLIGHT ETA FLIGHT ETD Cipntl|l I SQ351 0625 SQ73S6 0440 MtWt AF8067 1855 LH9770 2245 AFM87 1855 A07M? 77« BA7381 1855 SQ229 2245 0 r ta £fS§f? 1211 A***** 2235 LH9771 1855 ■A**] J»g Of8i 1S55 <y 81 1855 SQ230 1855 D<Hhi SQ407 0440 K8S8
      1,955 words
    • Article
      Canberra not doing enough, say Aussie survivors
      274 12 AFP [SYDNEY] Australian survivors of the deadly tidal waves that hit Thailand's west coast at the weekend complained yesterday that their government had not done enough to help victims. While other nations sent in extra aircraft to evacuate their nationals, a newlywed couple
      AFP  -  274 words
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  • SHIPPING
    • Article, Illustration
      PSA eyes US$1b Panama Canal project: report
      470 13  -  It says PSA has made expression of interest in port megaproject By DONALD URQUHART [SINGAPORE] PSA International has made an expression of interest in a proposed US$l billion port megaproject at either end of the Panama Canal, according to an official from the
      RLE PHOTO  -  470 words
    • Article
      Essar Shipping plans to spend US$1b
      250 13 Bloomberg INFW DELHI] Essar Shipping Ltd, India's third-big-gest shipping company, said it plans to spend US$l billion in the next three years to expand as demand for oil transportation grows. The stock surged to a nine-year high. The company may also make acquisitions at
      Bloomberg  -  250 words
    • Article
      TRANSPORT STOCKS
      265 13 SGX '000 Dt 2> SS W ¥nl CH Offshore 038 unch 872 Chuan Hup J0JC5 unch 1165 Cosco Corporation .1.17 unch 3069 CWT Distribution 0.63 -0 02 300 EzraHldgs 1.15 -003 144 0.10 001 1292 Grand Banks Yacht 1.00 40 Jaya Holdings 101 unch 343 Kl Venture 0.27
      265 words
    • Article
      Nature still the biggest threat
      551 13  -  STRAIT TALK By DAVID HUGHES IN the shipping industry we are constantly trying to improve safety, and since the Herald of Free Enterprise ferry disaster and the Erika and Prestige tanker accidents, the focus has been on attempting to prevent accidents through both improved vessel
      551 words
    • Article, Illustration
      Rebuilding may drive up freight rates: Precious
      337 13 TSUNAMI TRAGEDY Bloomberg £M*4GKQ*|i*ecious Ship- 4 ping pel, Thailand's sec- i t sea-freight^ said cargo rates may rise ad countries ship supplies to areas affected by tsunami in Asia. "I suspect freight rates will start to harden in areas where ships have been
      Bloomberg; REUTERS  -  337 words
    • Article
      Commodity shipments unaffected
      618 13 Reuters [SINGAPORE) Shipments of oi* fas*!? and agricultural products around the Indian Ocean have escaped most of the devastation wreaked by the earthquake and tsunami across Asia. Well-protected ports and' oil refining operations have been largely unaffected, while major rice and soymeal producing areas are far enough
      Reuters  -  618 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      130 13 m r* r GLORY SHIP MANAGEMENT PTE LID Jjk Working experience in tanker operations, supervision of W loading/discharging, safety audits, etc., Previous experience A jk as Master or Chief Officer onboard tankers required. a y Knowledge of charier parties, laytime calculations and the fr Jjf ability to independently liaise with
      130 words
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  • EDITORIAL & OPINION
    • Article
      Tokyo's financial ambitions
      544 14 EDITORIAL A NEW scenario (or perhaps a replay of an old one) appears to be emerging: Tokyo aspires to become a global financial centre and the Japanese government wants the yen to become a key regional and international currency. A series of official initiatives announced by Japan
      544 words
    • Article, Illustration
      Wall Street goes shopping
      1391 14  -  Fat bonuses spark demand for bigger homes and luxury cars from bankers and traders By JENNY ANDERSON NYT SAMANTHA Kleier Forbes, a 30-year-old real estate broker, was getting ready to leave for a vacation to Florida with her mother and sister when she received an urgent
      NYT; AFP  -  1,391 words
    • Article, Illustration
      Great strides made by China —with, still a long way to go
      785 14  -  THE BOTTOM LINE FRANK CHING BARELY three years after having joined the World Trade Organization (WTO), China has emerged as a major trading power, with total trade this year exceeding US$l trillion, an increase of more than 30
      785 words
    • Article, Illustration
      While China's rich flaunt it, landless peasants weep
      2463 15  -  Despite government efforts, the income gap between the wealthy and the poor is growing By JOSEPH KAHN NYT CHATEAU Zhang Laffitte is no ordinary imitation. It is the oriental twin of Chateau Maisons-Laffitte, the French architect Francois Mansart's 1650 landmark on the
      NYT; AFP  -  2,463 words
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  • Page 15 Miscellaneous
    • Miscellaneous
      Page 15 Miscellaneous Column 1
      367 15 CRYPTIC CROSSWORD ACROSS i p I p [4 Is |H® p [8 1 Ladies fret about someone HH 6 Womaniser gets to run around (4) 9 Pale journalist declined in power 10 Information about operations research that is found in industrial units (9) Name wine with hesitation not Hb so
      367 words
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  • Article
    SINGAPORE STOCKS
    11127 16 STRAITS TIMES INDEX STOCKS Stodi iwm dote Quay SWd—i Wt Oom Pange Allgreen 50c 0.29 1.070 -0.010 NO. 2.11 3.000 +0.010 BIL Intl US20C 0.45 0.985 -0.005 OCBC 10.01 13.600 CapitaLand 1.43 2.170 +0.010 Parkway H 25c 0.69 1.500 +0.010 Chart SemtCond 26c 0.73 0.975 +Q.015 People s
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  • Article
    FINANCE & COMMODITIES
    6131 17 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES in total art In SS USS dy yr dy yr dy Syi D«t 27 Indw Qxngt CN»og« Ch«ng» Ovng« Chmngm Chug* World index Preliminary 848 6 -0 J 9.0 OjO 84 01 12 J «EAttPwHrwwy 7617 1J_ 9.6 04 J30 04 17.1 Europe
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  • Page 18 Advertisements
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      Page 18 Advertisements Column 1
      1560 18 I TO USA/CANADA I EXPORT I I OTHER DESTINATIONS I VKSa I*°* WG I KACHj DALLAS HOUSTON MEMPMS CHICAGOI WW YOtK TO AUSTRALIA (AUSTRALIA ASIA EXPRESS) I 00Q HAMBURG 08E53 OMIT 21/12 I 14/01 20/01 21/01 19/01 19/01 22*1 VOY I tTASIH IWG Ft! MM tvn Imml am PtO NEDUOYD
      1,560 words
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      Page 18 Advertisements Column 2
      72 18 UK CONTINENT SERVICE Loading for OCEAN ISLAND RTM/ATW/UK IRAN EGHBAL RTM/ATW/BMN/UK/NAN Loads Singapore, EVW Malaysia, Indonesia MIDDLE-EAST SERVICE Loading for J FRIEND DBI/ABU/DOH/BRN/DMM/KWT BAO LONG MEN HDD/JDH/AQA "Loads Singapore, EVW Malaysia, Indonesia USA SERVICE Loading for MAHARASHTRA CAM/NFK/SAV/NOL SIFNOS BAY CAM/NFK/SAV/NOL 'Loads EVW. Malaysia, Indonesia F.E./S.E.A. SERVICES S pore Loading
      72 words
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      Page 18 Advertisements Column 3
      911 18 |INTiRASiA RORO SERVICE vtssa/vor mmm hbghtou kg kh 10 I sw I jrt I STRAITS VENTURE /01 IS 3.2 13/01 16/01 18/01 STMTS VENTURE /02 15 3.? 20/01 23/01 27/01 30/01 01/02 [STRAITS VENTURE/03 IS 3.2 03/02 05/02 10/02 13/02 01/03 [WIST AStA/IENOAL RORQ SVS VESSa/VOT RAMfffT) HOGHT(M) TOR KI
      911 words
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      Page 19 Advertisements Column 1
      897 19 f MOt Combines C rang* of shipping modes to ensure timet/, reliable service* covering major ports in Norm America, Europe, Japan, Asia, Africa Oceania. 1 1 For Schedules, BL Searches, and Container Tracking, visit on our Home Page: www.molsin.com.sq www.homburnsud.iom ASAf SMYia IHHWI UJkkm tww Its) tm-lUI .SAft SWVKt (iXKHIT)
      897 words
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      Page 19 Advertisements Column 2
      1410 19 VESSEL m_ _StN_ JtT HKG ICHH lIK KYH Pl/s VESSEL VOY SIN JKT SUB HKG DSN PUS HY PtOGKESS QMS l/l 1/1 1 V M 17/1 lf/| H/i KMT( POUT KELAWG 413S 2/1 5/1 6/1' 11/ l 15/1 16/1 HT WDGE MK _13/1_ _15/1_ M/l_ _22/l_ M/l_ 24/1 24/1 KMTC
      1,410 words
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      Page 19 Advertisements Column 3
      997 19 WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICQ POINTS VKStI VOT SM PJtIAMG COlOM>O N.SHEVA COiOMHO MttPttWHA IffWOSS 27 DtC 29DK 01 JAM MUM 07 JAW IMDIU GAMDHt 006fH 03 JAM 05 JAM 08 JAN 11 JAM 14 JAM Him 00WW 10 JAM 12JAM 15 JAM
      997 words
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      Page 20 Advertisements Column 1
      816 20 IAIAI WALLENIUS WILHELMSEN website: http://www.2wglobal.com VtSSfl IVOY I RAMP IK MAO HOW MIA SAV lAI 0«F HYC NIW MOI TAMPA I AfSOl 4201 MS 6.4 M I 02/01 26/01 04/02 11/02 12/02 14/02 14/02 11/02 01/02 TARAGO A/502 320T0«s 6.4 M I 11/01 10/02 19/02 26/02 27/02 04/03 02/03 06/03
      816 words
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      Page 20 Advertisements Column 2
      1303 20 VKXI *21 Efiy vtssa sou sm JH _CSF2JOI 0076P 30/12 Ql/Q1 HCmUM 2210 >0/1? 02/01 at »*WDA um 21/12 »'/H -BIOAU ilil 01/" 03/01 PACIAHPA L ***** 01/01 02/01 IS2S «/ai BT/fll pacianda 11ZH 82/4] gfl! kchnum 9211 ot/oi w/oi 230 i qqzze sim Q3/Q1 PACIANDA 137 M 04/01 04/01
      1,303 words
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      Page 20 Advertisements Column 3
      635 20 BSA a. MYANMA ■H FIVE STAR LINE (Myannar National Line) Loading for Yangon VISSCL VOY SIN PKI PEN PGU PAGAN 338W SLO SLD HPA-AN 330W SU> IN MAUYSIA: lOUSTIAD SHIPPING AGENCIES KUL/PKL 03-*****388 PEN: 04-*****1S ACCEPTme CONVENTIONAL C6O MUG Si HUG SIN PGU PKI KIK PRINCESS 47 SU> SU) IN
      635 words
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      601 21 j crnterasia JUines uatum/n fcln&a wS3U: mmw ms wii 31/11 «/ii n/11 mi 17/11 n/wTv» BJ WpWwTtW W MUMiiW MOtO«S6 »1 K/ll */ll »/ll N/ll »/ll IJ/ll 17/11 llt/11 KXWtm* Ijf Evil- Imi MilMi mnaan sms ivii 13/11 14/12 15/12 11/11 n/11 ivulvii mmw m M»Jmi|mi[mi mhi,wmi Mi VM MM
      601 words
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      Page 21 Advertisements Column 2
      77 21 "TT™ I -—I r TMßiwiiu. XT iii;i m tun mum mm SiL'SiSm"'"' mjMunrmtHum HttMmtntvwitin !£/»>[ uiumtmain >1 w «^4KA4 SMGMKPUU.MMMMMOUOmB TMGM W«VMO» ■jWaiMHtWI-MIW Sm-SmThfiio-jM mt/nn S^mm^hmSß^nw H&SSSut&cua BWHBW—» ESL AVANT SHIPPING LINES Regular FCL services to NUsydi p|ff Um% Twtk GVAbj VfrM Lt^- 1 S'po™ Ag»it PBANOISNPPMO PTI LID TH:
      77 words
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      Page 21 Advertisements Column 3
      512 21 I rrl I IMCP wmLiniimmutum tia or "gg *wT "B" TBT wa W»« W "ST~ w5 wr wan ~ifir 11— SWI «S/W 11/11 lVtl 14/1 S.M— JUL 01/01 */H «/H Wi» »/n IIIMiI -gg- JlflL JlflL i!fll 11ZB- IJMLLL i»i n/ti «/»i imn <» *«Z!L_i^?L lU JHL JIOL AIL JZALIOL
      512 words
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      Page 21 Advertisements Column 4
      167 21 HBEH uS3EBE33SE^SSI imiAun m Huerr um a hiojoct cakoo MMRWIW BJW meC|Mt hteM ■VMnHMV Wll jSBS? fcsf I*—rv SSTiZZ WP SShs Orfifi ports in USA, Mmxico, Cambton A Sou* Ammim on mduemrnm*. MMHS4M ¥tmuii>'uiim wzmiSitaiiMaw tmtmMrntn n I MARITIME PTE LTD. OfFiKS WEEKLY CONTAINERISED SBtVKES FtOM SMGAPORf/MMAYSIA/MDONEStt 10 MBUJHC) NHAVA
      167 words
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      Page 21 Advertisements Column 5
      438 21 mm I HBHBHH ■RMfflfll tiger WAVE 74M 21-21/12 04-06'01 11-12 011 HMmlril TIGER KARL 247 M 03-04 0' 09-11/01 17 11/01 I ncaarv 241 M 04-05/01 13-14/01 19-70/01 TIGER SEA 249N 08-01/01 14-16/01 72 23/01 I 2SOW 11-12/01 11-20/01 2S-2A/01 xt 7Mi/i^ssdi^ni%^ ■fIRMMI TIGER SPOHT 097 01-02/01 OMO/W 11-11/01 I
      438 words
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  • THE BUSINESS TIMES SHIPPING TIMES
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      THE BUSINESS TIMES SHIPPING GUIDE EXPORT
      6274 22 g* **22* E !2S 2SS 2? a? SSE wmSMSmmfmmmmmSBSmmmmmmmmmttmmmEmm*** mmmnmm$Hiiti<uMm*mmmmmmmmmmmmmmmitm 1 .ij < 1l4l 23/02 MPl CHANGSHA OX *****2* AMMAN (AS# 2003 CoMPHmire To GUAM (GUM) 2141 Guam a I™ SI'S. 2SS212? 2T" S22 a** aw SSS ,M2 F0*AMCT C320E 632*33 mm oiah Mw
      6,274 words
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  • MOTORING
    • Article
      AXA to cut premiums by 10% from Jan 1
      592 23  -  It will be the second time in 2 years the insurer is lowering its premiums Reports by SAMUEL EE SINGAPORE'S third largest motor insurer AXA has cut premiums by an average 10 per cent even as market leader NTUC Income raised
      592 words
    • Article
      What's an average? Go figure
      229 23 AFTER AXA's reduction, the average premium for an AXA motor insurance plan is said to be just over $1,000 based on rough calculations. As for market leader NTUC Income, it said its average premium is about $960 for private car insurance. But one senior insurance
      229 words
    • Article, Illustration
      A cool $2m for His and Hers Lambos
      318 23  -  30-something couple pick up dark grey Murcielago, yellow Gallardo By SAMUEL EE THE last two Lamborghinis to be delivered this year were bought by a couple. According to Lamborghini Singapore boss Melvin Goh, the husband took the keys to a dark grey
      ARTHUR LEE  -  318 words
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  • EXECUTIVE MONEY
    • Article, Illustration
      Insuring for the right reasons
      1608 24  -  Insurance is a way to transfer risk and it's always useful to remember this golden rule: insure a lot for a little, for the right time. CHRIS FIRTH offers pointers CHRIS FIRTH EVER felt baffled, bored or outright angry when confronted with insurance advice? You're
      Source: LEX; REUTERS  -  1,608 words
    • Article, Illustration
      Taking stock of your options
      1085 25  -  YOU AND THE TAXMAN JEFFREY TEONG and WU SOO MEE look at the impact of changes to stock option taxation and discuss alternative shares-based schemes JEFFREY TEONG,WU SOO MEE By ERNST YOUNG S. TOCK options are effective in encouraging entrepreneurship. and many companies use stock
      By ERNST & YOUNG; MIEL/ST  -  1,085 words
    • Article
      UNIT TRUSTS & FUNDS
      2609 25 UNIT TRUSTS FUNDS ShMonThrifR" VKMIW iSAS j* j2j yC?sPoSriiM»>'* 1 MBBw EgKH" r iM/lMt S5S«—=«a a®*-—=-— 1 %ss eaaL,:_,:"=:a «5""-- jg*»» fir CtaWlktwtqrHKr ***** rtKfl MK MAMipMr 079# yywiawytwBpt '"S M=s3|=|§§S <*win nr n 1 urn MGF Moray MadMSGD 1 *4305/1 *43B UTGwonHiSIVI 1*BfW MGFMmylM«US> 1.1*77/1.1*77 UPGInOMQ L 1*4017/ AKFAnnaiEquWsl**
      2,609 words
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      Little cheer on the horizon
      883 26  -  US STOCKS: OUTLOOK 2005 Most analysts expect 2005 to bring gains of only 6-10 per cent for US equities. R SIVANITHY reports R SIVANITHY T| HERE exists a school of thoughl in the US which says that Wall Street stocks always do well ta a
      Source: Bloomberg  -  883 words
  • Page 24 Advertisements
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      625 24 KORSPHI Call toll-free 1800 289 8822 ■ilyifl H Bmil: noticeBgsph.com.9g IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF POMPES SALMSON (SEA) PTE LTD (In Members' Voluntary Liquidation) COMPANY REG. NO. *****5410Z NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the Company held at
      625 words
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      Page 24 Advertisements Column 2
      599 24 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF BEE LEE DEVELOPMENT PTE LTD (In Members' Voluntary liquidation) Company registration no. *****3245H At an Extraordinary General Meeting of the Company duly convened and held at 1 Palm Avenue Singapore *****0 on the 25th day of
      599 words
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      Page 24 Advertisements Column 3
      186 24 Recruit the one you want for any position you have Call 1800 289 8822 or email ncniHQsph.comsg for your recruitment solutions Why are we celebrating the number 13? Why is the number 13 lucky for 3 particular Saab owners? Why is their year ending with a fatter wallet? Smile, if
      186 words
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      Page 24 Advertisements Column 4
      129 24 Incorporate Being Biggest I Best By PPM 1^ Representative Office ftilAdftlUUJ Trading. Company (Free Trade Zone) Wholly Own Foreign Enterprise (WOFE) Branch/ Representative Office UAliSjfil Taiwan Malaysia Macau Thailand Brunei Delaware lIUUmUAJALI Labuan(M'sia) Nevada Hong Kong Singapore BVI Cayman Virtual Office Facilities Secretarial Service Forwarding (Telephone/Fax/Mail Correspondent Address) PPM 'k
      129 words
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  • Page 26 Advertisements
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      Page 26 Advertisements Column 1
      261 26 Where to wine, dine and entertain... MERITUS MANDARIN SINGAPORE ''^Sl^^^lHHliMHiHttiHlKi^t&2&yK^'^-%^bASS&MHLfIHifHMBiHHiiiIMtMMHIIIBI *1' f*v *IFlF^^^^MßJl^^^KliififiUkfiMiH• l -3 w •VHV"#r'' -'*kjfi fcigi [T% BP H^HLiK^^^n &JH Ppsi 1 gS jßj v ,*4-5? ,f *1 tie t:- •4-'i^^^^^^^^^l^^^BHßsllHßllßflHllll[^^Bl^^^yttNli^^HM^^^Hf^^ i jtj I I firtjWSCOßimßWtlMßn Cckbftte the festive season right here at Meritus Mandarin Singapore! Join
      261 words
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      Page 26 Advertisements Column 2
      67 26 T »;rg -y.» ¥«paTJWimamißHW» mi m m -m »-m Broth a .Lx«y*l^^W iiiHill'jililiHi witch 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
      67 words
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      Page 26 Advertisements Column 3
      19 26 £> YOU AND THE TAXMAN Th e impact of changes I svf" to taxation of stock options. PG2S V mPtrnwl^r
      19 words
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      Page 26 Advertisements Column 4
      159 26 Our entidftg set dinner CS Is a sure-fire way to Jjg kick-start a New Year! -5-5 New Year's Eve SfL 4-Course Set Dinner $68+ per person w (includes a glass of sparkHng win©) (OfxJty pre-book to avoid disappointment fmm For Reservations, 6345 4466 vansh@nind.com.sg New Park Hotel SINGAPORE WELCOME 2005!
      159 words