The Business Times, 30 December 2004
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2004-12-30
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The Business Times
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Title Section16 2004-12-30 1 THE BUSINESS TIMES SINGAPORE 85 cents online at http://business-times.asial .com.sg MICA (P) 023/03/2004 Thursday, December 30,200416 words
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Article, Illustration875 2004-12-30 1 WONG WEI KONG - Govt invites plans for resort with or without a casino It also outlines measures to minimise potential ill-effects of gaming By WONG WEI KONG [SINGAPORE] The government yesterday invited potential investors to submit development concepts and investment proposals for an integrated resort (IR) that could include a casino and outlined875 words
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557 2004-12-30 1 BEDDIE TOH in Singapore, PAULINE NG - By BEDDIE TOH in Singapore, PAULINE NG in Kuala Lumpur THE Malaysian central bank has finally given the green light for Singapore investment company Temasek Holdings' maiden bank buy in Malaysia but with new strings attached. Malaysian Plantations (MPlant) said last557 words
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666 2004-12-30 1 NYT, AP, AFP, Bloomberg, Reuters [HONG KONG] Nations and aid agencies stepped up efforts to help survivors of last weekend's tsunamis in Asia as the death toll soared past 70,000. The US, European Union and other nations have promised at leastNYT,; AP,; AFP,; Bloomberg,; Reuters - 666 words
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Article139 2004-12-30 1 STI 2.057.82 (-0.30) ST INDEX FUTURES 2,065.00 (+11.00) simso 245.70 (+0.28) SIMSO FUTURES 246.60 (+0.40) MARKETS Wednesday Change KLSECOMP 907.58 +1.03 NIKKEI 225 11,381.56 -42.57 HANG SENG 14,266.38 +69.43 SET INDEX 664.46 +2.07 JAKARTA COMP 1,004.43 +0.51 MANILA COMP 1,822.83 -3.15 SEOUL COMP 884.27 +5.84 SHENZHEN B 233.28139 words
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Page 1 Advertisements
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Advertisement12 2004-12-30 1 HAVE BOURSE, WILL TRADE SGX, Bursa heading for closer cooperation pg 512 words
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Advertisement40 2004-12-30 1 Hm BizlT Tbp 10 tech trends in 2005 ■j PG 24 INSIDE Editorial: Another step towards a big-league, integrated leisure industry Pg 3 Resort land could cost several hundred million dollars Pg 3 Should S'pore have a casino? Pg 1740 words
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Advertisement10 2004-12-30 1 PROPERTY Orange Court to make way for condo Orion PG2610 words
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Advertisement9 2004-12-30 1 BUSINESS Big demand for biodegradable packaging PG9 8 HI9 words
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TOP STORIES
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Article, Illustration652 2004-12-30 2 SHOEB KAGDA - TSUNAMI TRAGEDY Economists think estimate is conservative, given scale of disaster By SHOEB KAGDA in Jakarta AS Indonesians struggle to come to terms with the horrendous loss of life in Aceh following Sunday's deadly earthquake and tidal Waves, the government in Jakarta is weighingREUTERS - 652 words
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376 2004-12-30 2 AP, Bloomberg {BANGKOK} The devastaOf jwestern coast on Sunday will iikely shave just 0.3 of a jptericentage point from the •country's gross domestic product growth next year, the Finance Ministry said yesterday. The effect of the tsunami, which has killed more thanAP,; Bloomberg - 376 words
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Article, Illustration268 2004-12-30 2 Reuters, Bloomberg [KUALA LUMPUR] The tsunami that slammed into Malaysia's north-west coast at the weekend may have caused losses of up to RMIOO million (Ss43 million), the government said yesterday. "Based on police briefings, damage in Kuala Muda alone would reach RM2IReuters,; Bloomberg; AFP - 268 words
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Article871 2004-12-30 2 Resort land could cost several hundred million dollars POTENTIAL investors of an integrated resort that would include a casino must reckon with having to shell out several hundred million dollars just for land. But a closer estimate is elusive because key parameters such as the amount of space871 words
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646 2004-12-30 3 INTEGRATED RESORT PROPOSALS EDITORIAL AFTER a prolonged and sometimes intense public debate—which might yet go on—the government has taken another step towards opening up to the casino gaming industry, by formally issuing a "request for concepts", which will enable industry players to646 words
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640 2004-12-30 3 VINCE CHONG - Property players say accurate estimate is touqh as project is complex By VINCE CHONG [SINGAPORE] Potential investors will have to fork ont several hundred million dollars for the land to build 'an integrated resort that could include a casino. Property players say640 words
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581 2004-12-30 3 S JAYASANKARAN - By S JAYASANKARAN in Kuala Lumpur PLANS by a unit of Malaysian casino operator Genting to build a US$l billion cruise centre in Singapore aren't likely to get off the drawing board if the development doesn't come with a casino, executives familiar with581 words
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Article, Illustration709 2004-12-30 3 DANIEL BUENAS - By DANIEL BUENAS [SINGAPORE] The government's plan to restrict local participation and put in place social safeguards" at any casino here could cut the scale of investment by international gaming companies, industry watchers and players said yesterday. "The admission fee ofAP - 709 words
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Page 2 Advertisements
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Advertisement96 2004-12-30 2 7savetax/ I Our qualified professionals J can assist you with offshore I ll!i:7aiTiff structures, shelf companies HV/ jp»'MMI and incorporations in ALL British Virgin Islands Cayman islands Bahamas Mauritius Hongkong Samoa Full nominee, management, secretarial, banking and corporate administration services are available. We also specialize in offshore trusts for assets96 words
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Advertisement61 2004-12-30 2 Incorporation services in all major jurisdictions Global network of offices Ready-made companies available Management and administration services China business registration Accounting and trade support services Virtual office solutions Personal and corporate bank introductions TO ARRANGE A FREE CONSULTATION CONTACT: Simonne Toh T: +65 6535 3382 F: +65 6535 3991 E:61 words
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SINGAPORE MARKETS
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Article, Illustration539 2004-12-30 4 R SIVANITHY - STOCKS A variety of new counters pop into the reckoning in rapid succession; old names experience a drop in popularity R SIVANITHY Senior Correspondent IN stock market parlance, it might be known as "rotational playing" or perhaps for the more ambitious, "rotational assetSource: Bloomberg - 539 words
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Article, Illustration587 2004-12-30 4 JOYCE KOH, KENNETH LIM - Compiled by JOYCE KOH, KENNETH LIM fcaeaEy:.- "Srofe S--** id n«i wie^mo t3 cwrtf KM SMS RCSKMCH. Dec 29 >■ ,<jS£*w STELLAR FYO4 above expectations: China rtexsle Packaging (CFP) reported a 44 per cent jump in fullyear revenue io 655.6 million renminbi ($5129.9 million) and a 32 per cent riseSource: Bloomberg - 587 words
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Article, Illustration320 2004-12-30 4 CURRENCIES AFP [TOKYO] The US dollar rose against the yen and euro in Asian trade yesterday as investors took heart from a sharp rebound in US consumer confidence in December, dealers said. The US dollar rose to 103.42 yen in Tokyo afternoon trade fromAFP - 320 words
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Article481 2004-12-30 4 KENNETH LIM - Compiled by KENNETH LIM UOB sells 118,000 Inter-Roller shares UNITED Overseas Bank is no longer a substantial shareholder of Inter-Roller Engineering after it sold 118,000 shares in a series of transactions. No pricing details were given. The bank's total direct and deemed stake in Inter-Roller as at481 words
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Article, Illustration423 2004-12-30 4 OTHER SINGAPORE INDICES Dec 29 VALUE CLOSE BT OB/OS 583.00 -12.00 BT CADI -*****.00 +34.00 BT 10-day MA -*****.00 +58.00 All-SG Equities 529.20 +0.65 SG Equities Elect 160.15 +1.39 SG Equities Fin 1621.63 +2.48 SG Equities Prop 516.20 -1.01 SIMSCI 245.70 +0.28 SiMSCI Futures 246.60 +0.40 MOST ACTIVE STOCKS VOLUME423 words
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COMPANY NEWS
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519 2004-12-30 5 JOYCE KOH - BT exclusive Capital controls won't restrict trading of M'sian stocks, says SGX By JOYCE KOH IN the strongest sign of confidence in the proposed tie-up between the Singapore Exchange (SGX) and Bursa Malaysia, the SGX yesterday said it will work within current capital519 words
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Article516 2004-12-30 5 SIOW LI SEN - HOCK LOCK SIEW By SIOW LI SEN BANK customers have never had it so good. Banks no longer give away, cheap vouchers for coffees or Thermoses; instead, keen competition for customers has prompted banks today to regularly bombard them with free massages, club memberships,516 words
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Article, Illustration842 2004-12-30 5 JOYCE KOH - STOCKBROKING: OUTLOOK 2005 By JOYCE KOH HE is one dexterous 67-year-old retiree who confiuses the Internet to buy and sell his shares without relying on any advice from brokers because "everybody always only says buy". Io his usual fiery polemic, retail investor Denis842 words
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Article, Illustration919 2004-12-30 5 SIOW LI SEN - BANKING: OUTLOOK 2005 By SIOW LI SEN POWERED by the strong economy and the sustained rise in interest rates, local banks' business picked up considerably this year. And for the year ahead, DBS Group Holdings bolstered by the cleanest loan bookBLOOMBERG - 919 words
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460 2004-12-30 6 ANGELA TAN - Interest remains despite having to abort taking a key Medco stake By ANGELA TAN TEMASEK Holdings, a SinMpore investment compaM yesterday said it retrains keen on Indonesia's energy sector despite having to scrap plans to buy a in the country's largm|460 words
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Article, Illustration355 2004-12-30 6 JEAN CHUA - By JEAN CHUA MAINBOARD-LISTED kl Ventures, an associate company of Keppel Corporation, is making its exit ficftm a US oil-producing The investment compar ny saidyesterday its wholly owned subsidiary, K-l USA Eltergy Production Corporation, is selling its twoffclrds stake in K-Mc Van*AFP - 355 words
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396 2004-12-30 6 KENNETH LIM - By KENNETH LIM AHEAD of the coming release of its third quarter results, GP Batteries yesterday issued a profit warning, citing provisions which may total up to about US$l3 million it has to make for losses relating to advances and a loan396 words
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Article, Illustration524 2004-12-30 6 KENNETH LIM - By KENNETH LIM SHARES in Teledata (Singapore) saw a flurry of activity yesterday as the buyer of a block of 99.7 million shares, or a 20.7 per cent stake, sought to resell them, resulting in Teledata chairman and managing director Quek Chek524 words
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Article549 2004-12-30 6 Darco unit sells stake in Taiwan finn in restructuring DARCO Environmental, a unit pf Darco Water Technologies, has. under a restructuring exercise, sold its entire investment 0f720,000 shares in Darco Environmental (Taiwan) to Darco Engineering (Taiwan) for NTS 7.2 million (*****,821). The transaction is not expected to have549 words
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Advertisement22 2004-12-30 6 Recruit to bridge the gaps in your corporate structure r m Call 1000 209 0022 or email reawt@sph.conLsg for your recruitment solutions22 words
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MID CAPS
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Article, Illustration848 2004-12-30 7 JEAN CHUA - Construction boom there holds promise, but risk of sudden govt policy changes will keep investors cautious, writes JEAN CHUA JEAN CHUA AIT Hong Leong Asia's third-quarter results briefing last month, new chief executive Teo Tong Kooi was surprisingly candid. "Yes, construction next year will continiSource: Bloomberg - 848 words
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Article1748 2004-12-30 7 UNIT TRUSTS FUNDS 11VUM MbNntfUB 21 Mr H*72flUS MMNtlS UMUR SMAMtaGr U9M7 tMfcBHMt20»S6D 1*2* MM" 07M4AI2B fTW;; j W 9mm^lm isunSt* NUOmMXO J5MM.IP taM" t*M/«lS HSMAMABSt UB» —a«r«**>» tiMNflJIli ««iS S USD Cjm i&> Tl J67V HGACMafeASI 25JUOUM JM1MU5D 0JBJ00B UnOlMM 0M* iMW&iliQW 1*33vn»« J_.Oa.tt OSOUC4122 fpain nor hG* Qb1,748 words
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Page 7 Advertisements
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Advertisement8 2004-12-30 7 ■V'Jk'i fa ii Tail Itii iMI I ;^H|||fl|B|||||j|u||a|l|||j||jAH||M||||||H||HM8 words
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SINGAPORE NEWS
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450 2004-12-30 8 CHUANG PECK MING - Working group's suggestion varies from national recommendation By CHUANG PECK MING A PANEL has suggested Sat the insurance industry incorporate all of its annual %age supplement (AWS), made up of 2-3 months' pay, into the basic wage structure a variation from that450 words
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140 2004-12-30 8 AN agreement to prevent aviation and shipping firms in Singapore and Hong Kong from being hit by double taxation will take effect from Year of Assessment 2006 for Singapore tax. The pact, which was signed in November 2003, covers income from operating ships140 words
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423 2004-12-30 8 CHUANG PECK MING - TSUNAMI TRAGEDY More copters, military personnel and supplies dispatched in aid effort By CHUANG PECK MING MORE Singaporeans were found safe yesterday as the government continues to reach out to those in areas struck by last weekend's earthquake and tsunami. It is also423 words
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Article261 2004-12-30 8 SP Services to raise electricity tariffs SP SERVICES, a subsidiary of Singapore Power, yesterday said it will raise electricity tariffs by an average 1.2 per cent —or 0.2 cent per kWh for the quarter Jan 1 to March 31 2005. "The increase is primarily due to higher cost261 words
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774 2004-12-30 8 CHEAH UI-HOON - By CHEAH UI-HOON MORE and more Singapore corporations and organisations have stepped forward to pledge firnds to aid the victims of Asia's tsunami disaster, and they have also provided more avenues for die public to make donations. At least $1.5 million774 words
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Page 8 Advertisements
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Advertisement338 2004-12-30 8 aTHEMATTTXOt >MP*NHS ACT, CAR M AND TAICHEONG TBAMNG COMPANY PRIVATE LIMITED (IN CREDITORS' VOLUNTARY WINDING UP) [Reg. No. 19C3M61IW] NOTICE OF MEETING OF CREDITORS NOTICE IS HEREBY GIVEN that pursuant to Section 296 of the Corapauii i Act. Cap. 50, that a MEETING OF CREDITORS of the Company will be338 words
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Advertisement288 2004-12-30 8 1 1 '.1. 1 THE THAI PRIME FUND UMITB) (Incorporated in the Republic of (Company Registration Number *****3033G) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that aa Extraordinary General Meeting of The Thai Prime Raid Limited (the "Caopnay") will be held on 19 January 2005 at 9 Raffles288 words
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Advertisement298 2004-12-30 8 ODBS DBS BANK LTD (Incorporated in the Republic of Singapore) (Company Registration No. *****0306E) NOTICE TO.WARRANTHOLDERS To: All Holders of 10,000,000 European Style Cash Settled Call Warranto relating to the ordinary shares of SembCorp Indus tiles Limited ("BCO issued by DBS Bank Ltd expiring on 15 July 2005 (the "Warrants").298 words
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Advertisement307 2004-12-30 8 o MACQUARIE BANK LIMITED NOTICE TO WARRANTHOLDERS To: All Holders of 15,000,000 European Style Cash Settled Call Warrants relating to the ordinary shares of SembCorp Industries Limited ("SCI") Issued by Macquarie Bank Limited-expiring on 22 August 2005 (the "Warrants"). Notice is hereby given by Macquarie Bank Limited in respect of307 words
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SINGAPORE FOCUS: SERVICES
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Article, Illustration1118 2004-12-30 9 DANIEL BUENAS - ENVIRONMENT TECHNOLOGY Looking at Grenidea Technologies, DANIEL BUENAS discovers that dreams do come true DANIEL BUENAS IT STARTED out as a dream by two academics who wanted to do something to help the environment. That dream led electrical engineerARTHUR LEE - 1,118 words
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Page 9 Advertisements
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Advertisement280 2004-12-30 9 Where to wine, dine and entertain... by: mm A World of Exclusive Privileges Treats Imemationar —I^— 1 Book Now Call. 6227 9795 For 8 Persons it X26B++ Braised Shark's Fins w Crabmeat (served individually in clavpot) Fried Cray Fish Meat w Garlic Pepper Pan dan Chicken Thai Chili Crab Four280 words
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Advertisement98 2004-12-30 9 Usher in the spirit of the New Year with I I our tantalizing festive creations! I I New Year's Eve 6-Course Set Dinner $98 per person (includes a bubbly toast of Moet Chandon) Kindly pre-book to avoid disappointment. For Reservations, 6333 1788, rangmahal@hind .com. sg 1 MERITUS MANDARIN SINGAPORE Hi98 words
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ECONOMY WATCH
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728 2004-12-30 10 US seeking weaker currency to shrink its current account deficit: analyst Bloomberg [LONDON] The dollar fell to a record against the euro on speculation European and US officials won't act to stem a drop that's pushed the currency toward a third consecutiveBloomberg - 728 words
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Article311 2004-12-30 10 LATEST US INDICATORS Reuters, Bloomberg [WASHINGTON] Sales of existing US homes unexpectedly rose by 2.7 per cent in November as low mortgage rates fuelled a record pace of home buying, the National Association of Realtors said yesterday. Sales of previously owned homes climbedReuters,; Bloomberg - 311 words
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Article, Illustration845 2004-12-30 10 BY WILLIAM PESEK JR - Earthquake tragedy apart, the year was memorable for many reasons By BY WILLIAM PESEK JR Bloomberg SUDDENLY, the events of the last year in Asia seem trivial. The fast-rising death toll from the weekend's earthquake and tsunami eclipses everything else. TheBloomberg; FILE PHOTOS - 845 words
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Page 10 Advertisements
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Advertisement312 2004-12-30 10 Deutsche Bank DEUTSCHE BANK AG, LONDON BRANCH (Incorporated under the laws of the Federal Republic of Germany) NOTICE TO WARRANTHOLDERS To all holders of 50,000,000 European Style Cash Settled Call Warrants expiring on 15 July 2005 relating to the ordinary shares of SembCorp Industries Limited (SEMBCORP INDUS DB ECW*****5) (the312 words
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Advertisement173 2004-12-30 10 TT] HOUSING f f DEVELOPMENT 1 J BOARD STATE LAND AVAILABLE FOR APPLICATION UNDERTHE RESERVE LIST SYSTEM OF THE GOVERNMENT LAND SALES PROGRAMME The particulars of the land parcel are I >nH Approx Proposed Allowable Gross Lease Land Parcel Site Area Development Floor Area Term JurongWest P3 at Mixed JurongWest173 words
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Advertisement438 2004-12-30 10 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF OPENTIDE ASIA PTE LTD (In Members' Voluntary Liquidation) Company Registration No. *****6629G NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the Company held at 707-19, Yoksam-2Dong, Gangnam-Gu, Seoul, Korea, 135-918 on the 21st day of438 words
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Advertisement388 2004-12-30 10 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF VAN OMMEREN SHIPPING (ASIA PACIFIC) PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) Co Reg No: *****1888R NOTICE IS HEREBY GIVEN pursuant to Section 308(1) of the Companies Act, Cap. 50, that a Final Meeting of the Members388 words
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MALAYSIA/INDONESIA
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879 2004-12-30 11 S JAYASANKARAN - Tenaga Nasional's power purchase deal with Jimah Teknik is likely to be on less generous terms than earlier ones, says S JAYASANKARAN S JAYASANKARAN IN August, state-owned utility Tenaga Nasional signed an electric power purchase agreement with private company Jimah Teknik that paved the way879 words
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Article, Illustration626 2004-12-30 11 But many listed counters fail to sustain hefty gains in share prices [KUALA LUMPUR] The number of companies listed on the Mesdaq market of Bursa Malaysia has nearly doubled to 63 this year, with as many as seven this month, says a reportBLOOMBERG - 626 words
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333 2004-12-30 11 Reuters [JAKARTA] The world's biggest gold miner said on Tuesday that a US$543 million civil lawsuit against a subsidiary, which claimed the unit caused heavy metals poisoning, had been withdrawn. US mining giant Newmont Mining Corp is embroiled in controversy over allegations surrounding mercuryReuters - 333 words
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Article500 2004-12-30 11 LAURENCE LAU - NEWS ANALYSIS By LAURENCE LAU in Kuala Lumpur WHEN BNP Paribas Peregrine issued a report on Oct 13 calling a strong outperformance by Lion Corp, the stock and others in the Lion Group enjoyed an immediate revival of institutional interest, particularly among foreign investors.500 words
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Article2316 2004-12-30 11 VOl FS8M .0.75 -0.01 31 MahSingGrp 1.48 0.01 32 PWEInd .0.42 0.01 168 Pat» —I rOOO) FTEC Resources .0.44 0.01 222 Malakoff... 7.25 unch 264 Ramatex .334 0.04 2 FurqanBus Org 0.35 0.01 1992 Malayan Banking 11.90 0.10 1081 RanhiM .6.85 unch 26 ASM Realty 1-222,316 words
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GREATER CHINA/INDIA
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664 2004-12-30 12 China and India account for 32% of total US$98.6b raised this year Bloomberg [HONG KONG] China and India fuelled record sales of stock and bonds in Asia outside Japan this year, luring investors with the world's fastest economic growth rates. Asian companies and governmentsBloomberg - 664 words
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191 2004-12-30 12 Reuters {TAIPEI] Taking a leaf from Singapore, Taiwan plans to consolidate all state-owned shares, worth an estimated NT$l trillion (Sssl billion), under a single holding company. It will be supervised by the Finance Ministry, officials and newspapers said yesterday. The reforms, which will give theReuters - 191 words
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Article, Illustration1020 2004-12-30 12 ANTHONY ROWLEY - ASIA INSIGHT ANTHONY ROWLEY Tokyo Correspondent THERE is a Japanese proverb which goes rai nen no koto o yu toh, oni ga warau. Roughly translated, this means "the devil mocks those who seek to predict even next year's future". As the1,020 words
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Article, Illustration573 2004-12-30 12 Reuters [HONG KONG] Shares are overwhelmingly the investment choice of Asian fund managers for 2005, a survey shows. Hong Kong will be their top pick for its strong consumer spending growth and pegged currency that keeps exports competitive. The poll by Reuters andReuters; FILE PHOTO - 573 words
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332 2004-12-30 12 Bloomberg [BEIJING] China will let do-mestic-currency bank cards be used outside the country for the first time, the latest easing of capital controls as the government prepares for a more flexible currency. Union Pay cardholders will be able to withdraw cashBloomberg - 332 words
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Page 13 Advertisements
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Advertisement176 2004-12-30 13 I Public Donation Drive I I lb Help I I Tsunami Disaster Victims I I HOW YOU CABI HELP I I Collection of Cash Cheque Donation I Singapore Press Holdings will collect cash and cheque donation on behalf H of the Singapore Red Cross Society. Cheques should be made payable176 words
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AVIATION
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596 2004-12-30 14 But Middle East sector reserved for state-run carriers for three years Reuters, Bloomberg [MUMBAI] The Indian government yesterday approved domestic private airlines to fly overseas, apart from the Gulf countries. Civil Aviation Minister Praful Patel told reporters that the Cabinet approved proposals byReuters,; Bloomberg - 596 words
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Article, Illustration435 2004-12-30 14 TSUNAMI TRAGEDY Xinhua [NEW DELHI] Fully booked for year-end holidays, foreign and domestic airlines in tsunami-hit countries, particularly India, are seeing 20-40 per cent cancellations as travellers re-chart plans in the wake of the killer waves, according to In-do-Asian News Service. "There are around 20-40 perXinhua; AFP - 435 words
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341 2004-12-30 14 NYT {ATLANTA] For every airport hassle, it seems, there's someone with a money-making idea. Two growing businesses are luggage shipping services and a company that will mail back items that were confiscated at the security checkpoint. Can't bear to part with that heirloom pocketNYT - 341 words
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273 2004-12-30 14 Reuters [RIO DE JANEIRO] A new airline aiming to be Peru's flag carrier is being set up by a Peruvian investment fund and the Brazilian regional carrier Ocean Air, with plans to start flying in March, the partners said on Tuesday. TheReuters - 273 words
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Article1703 2004-12-30 14 gnr wjqtT ita pucmt etp squ3 153s SQ146 1640 sous 2000 GA840 1725 GA841 1825 MH610 2120 AdaWda LM9771 1855 AF8088 2250 SQ147 2230 SQ148 1900 Kuching MH637 1235 MH638 1325 SQ230 1855 BA7*2 2250 NW1J_0030 NW12 0600 MI913 1720 MI912 0610 5 UA838 0720 QW21,703 words
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394 2004-12-30 14 AP [PHILADELPHIA] US Airways appealed to employees to work for free at Philadelphia's airport over the New Year's weekend to avoid a repeat of a Christmas fiasco that left the airline with too few workers to fly its planes and process baggage.AP - 394 words
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SHIPPING
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Article, Illustration551 2004-12-30 15 DONALD URQUHART - Biometric-based system to take off globally in February next year By DONALD URQUHART [SINGAPORE] Singapore's maritime regulator has said it would be responsible for issuing the new biometricbased seafarers' identity documents to an estimated 1,660 Singapore seafarers once the document's guiding convention enters into551 words
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146 2004-12-30 15 Bloomberg [AMSTERDAM] Rotterdam Port, the world's largest, exported about 12 per cent more goods this year, boosted by chemical and oil products. The port likely handled about 43 million tonnes of containerised goods such as dry chemicals, machines, and food and drink in 2004, portBloomberg - 146 words
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Article, Illustration580 2004-12-30 15 Reuters [HONG KONG] State-back-ed China Merchants Holdings will invest about 5.6 billion yuan (Ssl.l billion) to gain a foothold in Shanghai's massive new Yangshan container terminal, the city's port operator said yesterday. The investment is the latest in a series ofReuters; BLOOMBERG FILE PHOTO - 580 words
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Article, Illustration396 2004-12-30 15 TSUNAMI TRAGEDY AFP [LONDON] Lloyd's of London said it expected its exposure to claims from the tidal wave disaster in Asia to be limited to holiday resorts, personal accident and travel insurance, as well as shipping. However, the insurance group said it might needAFP; REUTERS - 396 words
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286 2004-12-30 15 AFP [BEIJING] China has launched a plan to double its current port capacity by 2010 by strategically developing facilities in the Bohai Bim and the Yangtze Biver and Pearl Biver deltas, state media reported yesterday. "The central government has taken into full considerationAFP - 286 words
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288 2004-12-30 15 Bloomberg [LONDON] Persian Gulf oil supertanker rates fell to their lowest in more than three months as the Christmas holiday caused bookings to dwindle, pushing shipowner's earnings below the US$lOO,OOO-a-day mark. The market was unaffected by the weekend's earthquake and tsunamis in Asia,Bloomberg - 288 words
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PORT SHOTS
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143 2004-12-30 15 Bloomberg [MELBOURNE] Newcastle Port Corp, the world's biggest coal-export port, said 19 vessels carrying the fuel left the Australian harbour in the week ended Dec 25, one more than in the previous week. Eleven ships were bound for Japan, six for Taiwan and oneBloomberg - 143 words
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151 2004-12-30 15 Bloomberg [SICILY] The port of Gela in Sicily was closed following damage caused by bad weather, leaving Eni SpA with no way to receive or ship oil refined at its nearby 100,000 barrel-a- day refinery. "The port is completely destroyed," Domenico Morello, commanderBloomberg - 151 words
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Article286 2004-12-30 15 SGX 000 Dec 29 SS Vol CH Offshore 0.39 0.01 983 ChuanHup 0.65 unch 1172 Cosco Corporation 1.15 -0.02 2439 CWT Distribution 0.64 0.01 141 Ezra Hldgs 1.16 0.01 86 Freight Links 0.10 unch 1620 Grand Banks Yacht 1.00 unch 72 Jaya Holdings 1.02 0.01 778 K1 Venture286 words
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EDITORIAL & OPINION
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Article, Illustration772 2004-12-30 16 ROBERT SAMUELSON - THE BOTTOM LINE ROBERT SAMUELSON The Washington Post Writers Group AMERICA is now undergoing a profound economic transformation that is barely recognised. This quiet upheaval does not originate in some breathtaking technology but rather in the fading power of forces that have shapedThe Washington Post Writers Group - 772 words
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Article, Illustration596 2004-12-30 16 Narayana Narayana Singapore - LETTERS TO THE EDITOR Narayana Narayana Singapore IN his letter "Focus on saving CAO, not pointing fingers" (BT, Dec 24), Low Seow Meng said optimistically: "Taking an objective view, CAO has a one-third monopoly of the China fuel oil market,AP - 596 words
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411 2004-12-30 16 Leong Sze Hian Singapore - Leong Sze Hian Singapore I REFER to the Monetary Authority of Singapore's (MAS) reply (BT, Dec 28), "Borrower must meet minimum cash downpayment", to my letter. It states that "under the MAS's Notices on Housing Loans, banks and other financial institutions411 words
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Article, Illustration969 2004-12-30 16 SAMIR SUMAIDAIE - By SAMIR SUMAIDAIE THE interim Iraqi government faces a stark choice: whether to go ahead with the planned elections on Jan 30 or postpone them. It has so far stood firm on its decision to stick to the schedule. The argument for doing so is compelling.REUTERS - 969 words
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Article, Illustration2952 2004-12-30 17 What's the rationale for Singapore considering opening up to the casino-cum-resort industry? The following question-and-answer transcript released by the Ministry of Trade and Industry yesterday has the rundown Rationale for integrated resort Question: After saying 'no' to casinos for so long, why is the GovernmentSource: Las Vegas Conventions & Visitors Authoray of Colorado Journal of Travel Research; Source: ABN Amro Las Vegas Sards, Kenner International - 2,952 words
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Page 17 Miscellaneous
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Miscellaneous281 2004-12-30 17 CRYPTIC CROSSWORD 1 Exaggerate, almost in the red 9 Fit out, before time, the reti- 10 Lady in sight (4) 11 Was finished when destroyed 13 Words uttered with 15 Energetic during Act IV espe16 Cold Louise reportedly had |H— VV 17 Broke family getting in the —■BHH way M281 words
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Article3590 2004-12-30 18 STRAITS TIMES INDEX STOCKS UrtfcM— WW dw an WufcWf m am Ommm 5L_ "f MLMIUS20C 0.45 «.«0 -ftflW OOC HUH 13JM OM>«L«nd 1.42 2.190 -0020 0M 1.490 -OPTO Part S«mConcm» f.73 0J75 fopte'i Food HK50c 0.41 MOO aywlfc 2-27 7.000 -0050 SCX 1c 1.17 1.790 ComtortDtlgro 25c 198.3,590 words
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Article3431 2004-12-30 19 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES talMlarr MM town sSSgr a a s ,v vi ¥*4. „M m 11 Ttt M !i| g S *>• ai-^jy m, *9r ;JU 3^a;..: OIL-a# mi jgyTSr in au .M *4 -fli m n M W 1M _Dp— > 2ms «J 1M 4L73,431 words
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Page 20 Advertisements
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Advertisement728 2004-12-30 20 mLim m> I >>" H aa ®—®—-—B__B_^^Q^ PMMHiaVtIMI 44VK1 H/1I I M/Ol I 11/11 EH */1« »/U 101/01 IM/11 IM I—II■IHI ItMf M/n I 14/11 I u/»i B N0MH10f»«BKIM ISM QNT *77/1! »/1I 11/11 M/»1 |M/ 11 11/11 C B <■— MM 01/01 <3/11 05/01 07/01 11/01 [jO/OIJ U/01 ißLrt728 words
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Advertisement504 2004-12-30 20 »—am m kh to i at i jkt STINTS VBfTNE/D1 15 12 13/01 16/01 11/01 Mmmm is u 20/01 n/11 27/01 311/01 01/02 |ginswMgfl» I is 1 12 [03/02 os/w 10/02 13/02 01/03 m pw 1 sw m hoi cap wal I Ml EXPRESS/SI M 12 27/12 01/01 07/01 01/01504 words
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Advertisement316 2004-12-30 21 For Schedules, Bl Searches, and Container Trocking, visit on our Hon* Pooa^MQgflfrniol^ I j I HAMBI IRGlSfiflD LJ ,iLIUJI J M «tt* S" W~- sai* IT 1* M "_TST "ffl" W *>*' I**'™ _ff?_ L < u^ui 2j- -'V m fi w v *jr a y aaa* er-ar <m-m-BHfk ffi316 words
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Advertisement630 2004-12-30 21 «ssa wy sSH mcg nttumc 1/1 Im I -PH BHHK M "W 1/1 lOOtBQI GATI \<X* I 11/1 I 11/ l I 14/1 I-I 1 T~l fttTHHIDCE 07JA ~W~ l?/pH Ifflafiimnf La I ii/i I jj/i 21/1 1-| I NWdywwic 07SA 20/T 22/1 •vadhibftittrtiintern* W ffl lIPUSU HBBT |44*£ 102/111«/811630 words
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Advertisement147 2004-12-30 21 Qomartrans (8) Pt« Ltd qehartrans anmwowfr GRMOi i—Tiiooeew POM BOOKMMI Ik: < MK ~Wm m oiToT S7oi nouns 0031 04/11 07/01 mm i oh au uum ma oi/oi 11/01 MM 0001 10/01 13/01 wwwn 40M 11/01 14/01 mmmmmm »a 11/01 14/01 MB OVH 17/01 10/01 mm m 10/01 11/01 mm.147 words
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Advertisement816 2004-12-30 21 m aaa WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICD POINTS VtSSfl VOT SM PIUN6 COIOMO HSWVA COIOMO imanin mdk HJAM xmi £ju IMDMUGAMPW (WW 03 JAM B5 JAN 01 JAM I) iAN MJAM MSW MMW lIJAM 121 AM 15JAM HJAM UJj uwm oosw 17 jam816 words
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Advertisement493 2004-12-30 22 uftjlf WALLENIUS WILHELMSEN W wobsito: littf://www.2w;)olwl.coin ygffl j wnr iim> i mboht isii ik [no I wow im|w|Mi|flg|iTc|»w|io>| VMM AfSOI 4101 M 0.4 M I 01/11 I 24/01 04/12 11/01 11/01 14/01 14/01 10/01 00/01 VlttO ***** 3301 m* 4.4 M I 10/01 I 10/01 19/01 10/01 17/01 04/01 01/03493 words
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Advertisement258 2004-12-30 22 YCffft —SBL—— »JtL qnw mm n/11 jffl MtwiM uu 1102 izzu Hl~ saa? -a—as—asomti »*m 82/u M/ti |g|!;g i|ggj^|gggg K|M==p==M B—=»= —M5/5 1 5/5 I -J t «TO 7*M t 711*730 133 IliiilMH I 034-445*11 Eg gig? sgL.,. Sr m'& IMI i bMkteoaflMtMMMs laqO |MMM SI H7M3-41 WWW.mI.WtM. I &tJSY258 words
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Advertisement478 2004-12-30 22 i BSA a. f^pumpw MYANMA nan five star une (Mvowmt NVHMMI UM) LMdhf for Ym«m vissa vot w m m ku PAGAN UIW SU> SU> HPA-AM 330W SU 111 MALAYSIA: OOUSTIAD SHIPMUG AGENCIES KUI/PKL 03-300 SUM KN: 04-2*3311 S ACCEPTI— COBVMTIOUU. CM MM SM NR6 9H PGU IU UK naoss478 words
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THE BUSINESS TIMES SHIPPING TIMES
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4768 2004-12-30 23 CM EM AMMOmi Vmmrn MM EM NMM MSS ****** CTA M»MONI JJJJJJJJ VMJJM T jj2jjj* 5f J25S T t6T SM om* A tta2r r MM NSC t £ST ibwmbrbmbmmbmimbmbrhbmbbwiw Hi i WW 1 *—BHiiw MHnnHaHBBHnMinHB*MBmi» BNRBMBBBMBBBBBBBMBBMM«»#*BM4BM0NaBB8BMBMMBMMM*MMNMs«? aw;v^msMs*:*?&wr, 1*01 0M2 ScnMor L LONDONSENATOR AMUI *****504,768 words
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BizIT
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Article814 2004-12-30 24 RAJU CHELLAM - BT exclusive IDC forecasts a rise in IT spending across the entire Asia-Pacific region outside of Japan next year, including Singapore, reports RAJU CHELLAM RAJU CHELLAM A FILLIP for the infotech industry is in store in the New Year, despite the recent spate814 words
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331 2004-12-30 24 RAJU CHELLAM - By RAJU CHELLAM KXPECT to see more focus on infotech and business process outsourcing, security management, and e-commerce in 2005, says Saw Ken Wye, a member of the board of the Infocomm Development Authority of Singapore, and president of Microsoft South-east Asia. "More331 words
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248 2004-12-30 24 Bloomberg [NEW YORK] Stocks of Silicon Valley companies rose, led by Adobe Systems, Apple Computer and Electronic Arts, after a measure of US consumer confidence rose to its highest level since July. The Bloomberg Silicon Valley Index rose 4.45, or 0.9 per cent, toBloomberg - 248 words
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Article, Illustration321 2004-12-30 24 ROLAND LIM - By ROLAND LIM MOBILE phone subscribers in Singapore numbered 3.8 million or 91 per cent of the population in November, according to the Infocomm Development Authority (IDA). Mobile phone subscriptions grew about 8 per cent this year, from 3.5 million subscribers in JanuarySource: IDA - 321 words
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342 2004-12-30 24 ROLAND LIM - By ROLAND LIM THE Infocomm Development Authority (IDA) will announce spectrum regulations in the first quarter of next year that are expected to impact wireless broadband access technologies adopted by local Internet service providers here. Wireless broadband access technologies claim to offer high-speed342 words
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590 2004-12-30 24 RAJU CHELLAM - Chip-making equipment set to grow 59% before slowdown in '05 By RAJU CHELLAM DESPITE a significant slowdown in chip sales in the second half of the year, the market for semiconductor chips will see a 23 per cent growth in revenues this year590 words
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Advertisement32 2004-12-30 24 Mobile phone subscriptions in Singapore grew about 8 per cent this year, from 3.5 million subscribers in January this year or 84.2 per cent of the population, to 3.8 million last month.32 words
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PROPERTY
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Article, Illustration679 2004-12-30 25 Most of Sri Lanka's foreign property investors are from S'pore, Hong Kong AFP [HONG KONG] Expatriates who ploughed fortunes into building dream homes and holiday villas on the sunkissed shores of paradise islands in Asia were left counting the cost ofAFP; AP - 679 words
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668 2004-12-30 25 Bloomberg [TOKYO] Acquisitions by Morgan Stanley, Lone Star Funds and other investors are helping raise Tokyo property prices, a trend that is prompting buyers to shop for land beyond the capital, investors and analysts said. A Morgan Stanley real estate fund and Lone Star Funds,Bloomberg - 668 words
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Article, Illustration428 2004-12-30 26 ANDREA TAN - Redevelopment by Sime Properties Singapore to cost $80m, reports ANDREA TAN ANDREA TAN SIME Darby Berhad's Orange Court Service Residences will soon make way for an upmarket condominium development called Orion. The 36-unit service apartment in Orange Grove Road will be redeveloped428 words
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643 2004-12-30 26 Brought to you by gjg PROJECT NAME/ PROP CONTRACT TENURE BUIU-IN/LAND PRICE PSf STREET NAME TYPE DATE AREA*(SQFT) (SS'QQQ) District 05 NON-LANDED Normanton Park Apt 09/11/2004 99 1270 400 315 District 05 LANDED West Coast Rd 3-Det 09/09/2004 FH *****643 words
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Article, Illustration387 2004-12-30 26 KALPANA RASHIWALA - By KALPANA RASHIWALA IN what could well be the last residential property release of the year, Hoi Hup has soft-launched The Eastside, a freehold five-storey development comprising 32 apartments at Joo Chiat Road. Priced at an average $575 per square foot,387 words
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Article165 2004-12-30 26 [HONG KONG] The Hong Kong government may have to lower the issue price when it relaunches the initial public share offer for the Link Reit, said a Reuters report yesterday that quoted the Hong Kong Economic Times. "In response to risk factors relating165 words
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Advertisement182 2004-12-30 25 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF VIVENDI UNIVERSAL ASIA PACIFIC PTE LTD (In Members' Voluntary Liquidation) Company registration no. *****3777H NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap. 50, the Final Meeting182 words
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Advertisement186 2004-12-30 25 GROUPING MARINE SEA SERVICES PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act. Cap. 50 that a Final Meeting of the Members of the above-named Company will be held at 190 Middle Road #16-02 Fortune Centre, Singapore186 words
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Advertisement480 2004-12-30 25 ®YH I INTERNATIONAL LIMITED (Company No: *****7455H) (Incorporated in the Republic of Singapore on 26 August 2000) YHI NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE 13 HEREBY GIVEN that an EXTRAORDINARY GENERAL MEETING of the Company will be held at No 2 Randan Road Singapore *****4 on Wednesday, 26 January 2005480 words
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Advertisement1208 2004-12-30 25 Fair View Court For Sale By Tender w Freehold sov>™ Approximately 32,000 sq ft Plot Ratio 1.4, up to 5 storeys I ■&!<; Exclusive location along n. Upper East Coast Road Q!Sr F«hvi«w Near amenities and good schools > 100% consensus from owners BUB CBRE Tel: 6224 8181 cb richard1,208 words
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Advertisement124 2004-12-30 26 Got the right home? Now get the right home loan. Buying a house in Singapore is a heavy investment. However, you can still have the freedom to live life the way you want, with HSBC home loans. Enjoy these benefits when you take up an HSBC home loan: Competitive interest124 words
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