The Business Times, 31 December 2004

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Total Pages: 28
1 28 The Business Times
  • 13 1 THE BUSINESS TIMES SINGAPORE 85 cents online at .oom.sg MfTA(P)Q23/D3/2004 Friday December 31,2004
    13 words
  • 789 1  -  Region needs to find ways to cope with disaster By CHUANG PECK MING [SINGAPORE] Prime Minister Lee Hsien Loong yesterday called for an urgent meeting of Asean leaders to find ways to cope with the devastation caused by last Sunday's tidal waves. Declaring
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  • 136 1 STI 2.061.56 (+3.74) ST INDEX FUTURES 2,065.00 (unch) SIMSCI 246.19 (+0.49) SIMSCI FUTURES 246.40 (-0.20) MARKETS Thursday Change KLSECOMP 910.13 42.55 NIKKEI 225 11.488.76 +107JO HANG SENG 14,163.55 -102.83 SET INDEX 668.10 +3.64 JAKARTA COMP 1.000.23 -4.20 MANILA COMP dosed Stout COMP 895.92 +11.65 SHENZHENS ***** -1.00 BOMBAY
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  • 510 1  -  Move comes after generous cash-back offers from some banks By WONG WEI KONG [SINGAPORE] Banks and financial institutions granting housing loans will not be allowed to give any cash rebate within a year of the borrower paying the cash downpayment in
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  • 953 1  -  By TEH HOOI LING [SINGAPORE] The total market capitalisation of companies listed on the Singapore Exchange (SGX) rose $64 billion or 21.5 per cent to $360 billion in 2004, lifted by a bumper crop of new listings and the re-rat-ing of blue
    953 words
  • Page 1 Advertisements
    • 66 1 Geoffrey En picks the year's best and wore! *J| I PG 27 k* a X {~j[ MORE REPORTS Aid offers pour in but victims are still waiting PG 2 Singapore firms dig deep to help victims PG4 One banker's personal account of Phi Phi island havoc PG 14 No BT
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    • 14 1 TEMASEK IN MALAYSIA What it means for banks on both sides of Causeway 8II!II!
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    • 33 1 THE S PORE BUZZ Plant the seeds first: iKfeL Esplanade CEO Benson Puah jO) AVIATION Changi Airport passenger traffic hits record PG 12 lb?* 4 > wSKm ■Hii' w wiM fly f flKw/ $988
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  • TOP STORIES
    • 758 2  -  HEALTH CARE: OUTLOOK 2005 Marketing can only go so far in attracting region's affluent, it says By JEAN CHUA [SINGAPORE] A research study has one pointed message for Singapore's healthcare industry if it wants to be a serious regional player. Make sure
      Source: STB  -  758 words
    • 838 2 TSUNAMI TRAGEDY AP AFP Reuters Bloomberg [BANDA ACEH] Aid workers in one of history's largest relief efforts struggled yesterday to get food, water and medicine to survivors of the massive quake and tsunamis which have killed over 120,000 people across Asia
      AP; AFP; Reuters; Bloomberg  -  838 words
    • THREE-MINUTE DIGEST
      • 86 2 DBS Group is likely to get a foot in the door of Malaysia's commercial banking market now that parent Temasek Holdings has cleared a major regulatory hurdle in buying a bank stake there. The local bank is said to be
        86 words
      • 67 2 AS the death toll from the Indian Ocean tsunami disaster continues to rise, businesses in Singapore are coming forward to offer whatever aid they can. Among others, consumer electronics company Akira will donate 1,000 portable generators and 5,000 emergency lamps and Ikea
        67 words
      • 68 2 TEAMSPHERE yesterday said that it has secured regulatory approval for a proposed reverse takeover and will place out up to 234.15 million new shares after completion of the deal to meet minimum public float requirements. The estimated proceeds of $17 million from the share
        68 words
      • 76 2 SINGAPORE'S economy probably returned to growth in the fourth quarter as pharmaceutical companies increased production and tourists spent more in the island's stores and restaurants, economists said. The US$9l billion economy expanded at an annualised 3.7 per cent pace, according to the
        76 words
      • 67 2 US investment bank Lehman Brothers, which made its maiden real estate acquisition here a few months ago when it bought Hotel New Otani Tor $82 million, is looking to stepping up its presence in Singapore. It is holding talks with a
        67 words
      • 90 2 THE US dollar is set to see its longest annual losing streak since 1987, when the Group of Seven finance ministers met in Paris to end a three-year slide in the currency. The dollar is being buffeted by record current account and
        90 words
      • 60 2 WITH the death toll still rising from Sunday's deadly earthquake and tsunamis off the western coast of Sumatra, Indonesians will welcome 2005 in a sombre mood. The task of rejuvenating the economy next year will be daunting as the government aims to rebuild the country's ageing
        60 words
      • 91 2 US regulators have stepped up their investigation into China Life, China's biggest life assurer, which gained a listing in New York and Hong Kong last year, according to a report in the Financial Times. But the firm said it has
        91 words
      • 72 2 FLOATING-RATE bond sales by Indian issuers increased eightfold this year as the central bank raised interest rates for the first time in four years. Companies and other organisations raised 108 billion rupees (Ss4 billion) in 79 floating-rate note sales
        72 words
      • 69 2 THE near-term economic impact of the tidal waves tragedy on the region is likely to be limited, says Credit Suisse First Boston (CSFB). The bigger risk lies in the event that the immediate effects of the disaster grow to epidemic proportions
        69 words
      • 73 2 CHANGI Airport, Asia's sixth-busiest, handled a record of more than 30 million passengers this year, surpassing the previous record of 29 million in 2002, as an economic recovery encouraged people to travel. The airport yesterday passed the 30 million passenger mark
        73 words
      • 72 2 ANALYSTS have expressed concern that the operations of Malaysian cruise operator Star Cruises could be hit by travel cancellations in the aftermath of Sunday's deadly tsunami. Shares of Genting Bhd, the cruise operator's parent, extended losses for four straight days before recovering
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  • Page 2 Advertisements
    • 59 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:
      59 words
    • 84 2 6pcs Hong Tan Sofa Set Hong Tan 36"- 60* Hong Tan Altar Table 040" 6pcs Dining Set 44" 48" 7pcs Dining Set 054" 60" lOpo Dining Set 2pc s H.„ 9 T,.T.bl]lP^P TWrnWIH "Stool Hong Tan 'l T I I IT* Magazine H^g| Hong Tan Assorted -fe ck BwW Flower
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  • COMPANY NEWS
    • 531 3  -  TEMASEK IN MALAYSIA DBS is thought to be interested in AmBank, Southern Bank and Alliance By EDDIE TOH TEMASEK Holdings' success in clearing a major regulatory hurdle in its maiden bank buy in Malaysia appears to have paved the way for
      531 words
    • 1173 3  -  Higher dividend payouts, share buybacks expected By S JAYASANKARAN in Kuala Lumpur EXPECT more merger and acquisition activity, increased regional expansion and higher dividend payouts from Malaysian banks ahead of a 2007 liberalisation of the industry under Kuala Lumpur's commitment to the
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    • 162 3 OCBC Malaysia is an offshoot of the original Overseas Chinese Banking Corporation, which started in 1932 from the merger of three banks in Malaya. These banks had their headquarters in Singapore but opened branches in Penang, Muar and Malacca as early as 1917. It wasn't
      162 words
    • 522 3  -  By PAULINE NG in Kuala Lumpur TEMASEK Holdings' emergence as a shareholder in Alliance Bank will bring much-needed direction to the Malaysian-based bank, which if transformed to a more competitive entity, could make its parent. Malaysian Plantations (MPlant), one of the top performing counters next year,
      522 words
    • 874 4  -  Chinese companies here may not be worse than those anywhere else By TEH HOOI LING THE question of Chinese companies listing in Singapore poses a conundrum to industry participants. On the one hand, many agree that the addition of these Chinese companies increases
      874 words
    • 222 4 SAMUDERA Shipping Line yesterday said that one of its cement carriers capsized when tidal waves struck last Sunday. Mainboard-listed Samudera said in a statement yesterday that "only four crew members were rescued and the group is still in the process of locating the
      222 words
    • 379 4 Bloomberg CHARTERED Semiconductor Manufacturing Ltd, Singapore's biggest chipmaker, yesterday said that it has arranged loan facilities totalling US$l.O5 billion to fund the purchase of manufacturing equipment for a new factory. Chartered, which is heading for its fourth straight annual loss, needs
      Bloomberg  -  379 words
    • 609 4  -  By DANIEL BUENAS AS the death toll from the Indian Ocean tsunami disaster continues to rise, businesses in Singapore are coming forward to offer whatever aid they can. Homegrown consumer electronics company Akira will donate 1,000 portable generators and 5,000 emergency lamps
      609 words
    • 597 4  -  HOCK LOCK SIEW By ANDREA TAN EARLIER this month, the Hong Kong Housing Authority tried to launch the world's biggest real estate investment trust (Reit) called the Link Reit. The exercise generated plenty of interest and hype and was in all probability watched closely
      597 words
    • 227 4 Bloomberg SINGAPORE Telecommunications Ltd, Mobile One Ltd and Star Hub Ltd, the three Singaporean phone companies, are starting services that will allow customers to use their mobile phones to donate money for victims of the earthquake and tsunamis that struck the region
      Bloomberg; ARTHUR LEE  -  227 words
    • 422 5  -  By KENNETH LIM TEAMSPHERE said it has secured regulatory approval for a proposed reverse takeover and will place out up to 234.15 million new shares after completion of the deal to meet minimum public float requirements. The estimated proceeds of $17 million from the
      422 words
    • 233 5 UNITED Overseas Land is taking an interest in a Sin-gapore-incorporated company that owns a 97 per cent stake in a China company set up to develop apartments in Shanghai on a 136,271 sq ft site in Xuhui District. The site is located at 384
      233 words
    • 542 5 China Merchants completes toll road business purchase CHINA Merchants Holdings Pacific (CMHP) yesterday completed the acquisition of a toll-road business from Hong Kong-listed China Merchants Holdings International (CMHI) for $569 million. The injection of Successful Road Corporation, which runs five toll roads in China, into CMHP makes CMHI
      542 words
  • Page 3 Advertisements
    • 928 3 NOBLE GROUP LIMITED (Incorporated in Bermuda with limited liability) NOTICE OF SPECIAL GENERAL MEETING NOTICE IS HEREBY GIVEN that a SPECIAL GENERAL MEETING of the Company will be held at 18th Floor, Mass Mutual Tower, 38 Gloucester Road, Hong Kong on 17 January 2005 at 10:00 a.m. for the purpose
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  • Page 5 Advertisements
    • 1714 5 VOLUNTARY UNCONDITIONAL CASH OFFER by PAKARA INVESTMENTS PTE LTD (Incorporated in the Republic of Singapore) (Company Registration No. *****2534Z) for i PAKARA TECHNOLOGY LTD (Incorporated in the Republic of Singapore) (Company Registration No. *****0435K) Introduction On behalf of Pakara Investments Re Ltd ("Offeror"), DBS Bank Ltd ("DBS Bank") announces that
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  • SINGAPORE MARKETS
    • 474 6  -  STOCKS Rotational punting continues in full swing as Unifiber bounces back R SIVANITHY Senior Correspondent IT was perhaps symbolic of the current state of affairs in the local market that in the penultimate trading session of 2004 yesterday, virtually all the activity, that could be
      Source: Bloomberg  -  474 words
    • 1056 6  -  Compiled by KENNETH LIM Singapore Exchange Dec 30 close: $1.78 KIM ENG RESEARCH. Dec 30 ACCORDING to a BT report, SGX is now working out the details of the tie-up with Bursa Malaysia, including technological link-up, resolving regulatory and commercial issues and setting up clearing and settlement procedures.
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    • 288 6 CURRENCIES AFP [TOKYO] The US dollar turned softer against the yen and euro in Asian trade yesterday, giving up small early gains in largely technical trade while the European unit hit a record high against the Japanese currency, dealers said. The market was
      AFP; REUTERS FILE PHOTO  -  288 words
    • TRADES TO WATCH
      • 74 6 MRDIA Asia Entertainment Group said non-executive director Wellington Fung Wing sold his entire holdings of 9.9 million shares, or a 4.13 per cent stake, on the open market on Wednesday at 15 cents apiece. Mr Fung was a co-founder of the Hong Kong-based film
        74 words
      • 131 6 SIM Siang Choon. the managing director of the bathroom and kitchen fittings supplier that shares his name, saw his deemed shareholding increase to 4.95 per cent from 4.42 per cent this week after his son. Sim Poh Kip. bought shares on the open
        131 words
      • 78 6 ASP1AL executive director Ko Lee Meng bought three million shares yesterday at 32 cents a share, a consideration arrived at on a "willing-buyer, willing-seller" basis, the company said. The purchase raises the director's stake to 4.94 per cent from 2.05 per cent
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      • 132 6 FOOD manufacturer and distributor QAF Ltd's subsidiary Pemscorp bought 44.3 million shares of grocery retailer PSC Corp yesterday on the open market and now has a 20.45 per cent stake from 18.08 per cent previously. This raised QAF l.td's deemed stake and correspondingly
        132 words
      • 62 6  -  Compiled by KENNETH LIM SINGAPORE Reinsurance Corp independent and non-executive chairman Hwang Soo Jin bought one million shares on the open market yesterday, and now holds a 0.49 per cent shareholding from 0.29 per cent previously. The shares were bought at 25 cents each.
        62 words
    • Article, Illustration
      433 6 OTHER SINGAPORE INDICES Dec 30 VALUE CLOSE BT OB/OS 684.00 +101.00 BT CADI -*****.00 +48.00 BT 10-day MA -*****.00 +68.00 All-SG Equities 530.31 +1.11 SG Equities Elect 161.96 +1.81 SG Equities Fin 1621.85 +0.22 SG Equities Prop 516.24 +0.04 SIMSCI 246.19 +0.49 SiMSCI Futures 246.40 -0.20 MOST ACTIVE STOCKS VOLUME
      433 words

  • SINGAPORE NEWS
    • 482 7 Growth next year likely to slow to 4.4% from 8.3% expected this year Bloomberg SINGAPORE'S economy probably returned to growth in the fourth quarter as pharmaceutical companies increased production and tourists spent more in the island's stores and restaurants, economists said. The
      Bloomberg  -  482 words
    • 113 7 AP THE government said yesterday that it would set up a commission aimed at cracking down on anti-competitive business practices. The new body will have th* task of making sure local markets for goods and services are fair and efficient. The commission "will have powers to investigate
      AP  -  113 words
    • 431 7  -  It will be renamed Novotel Clarke Quay Singapore Reports by KALPANA RASHIWALA THE Lehman Brothers real estate fund that bought Hotel New Otani for $82 million earlier this year has appointed French group Accor to manage the hotel under its four-star Novotel
      431 words
    • 402 7 US investment bank Lehman Brothers, which made its maiden real estate acquisition here a few months ago when it bought Hotel New Otani for $82 million, is looking to stepping up its presence in Singapore. It is holding talks with a
      402 words
    • 32 7 UNIT TRUSTS FUNDS LEGEND: All prices are indicative;√Broadly Diversified;|Narowly Focused;$Lower Risk;^ Low to Medium Risk:&Medium to High Risk;** Higher Risk;oopen-ended;+Before subdivision of units;After subdivision of units;SP after stock split;N.A. Non Dealing Day
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  • ECONOMY WATCH
    • 616 8 Lehman Brothers predicts it will weaken to 90 yen within 12 months Bloomberg [LONDON] The dollar is set for the longest annual losing streak since 1987, when the Group of Seven finance ministers met in Paris to end a three-year slide in
      Bloomberg  -  616 words
    • 660 8 Bloomberg [LONDON] Gold prices, already near a 16-year high, may be headed for the longest rally since Richard Nixon was US president as a falling dollar and renewed concern about inflation boost bullion's appeal as an investment. The precious metal
      Bloomberg; REUTERS  -  660 words
    • 448 8 AFP [BRUSSELS] Luxembourg's Jean-Claude Juncker takes the helm of the 12-nation eurogroup this week aiming to tighten management of Europe's single currency, but the task is clouded by its record exchange market surge. In particular he faces the daunting challenge of hammering out agreement
      AFP  -  448 words
    • 326 8 LATEST US DATA AP Reuters [WASHINGTON] The number of new people signing up for unemployment benefits dropped last week, a hopeful sign that the recovery in the US jobs market is moving ahead. The Labor Department yesterday reported that new applications
      AP; Reuters  -  326 words
  • Page 8 Advertisements
    • 1897 8 Call toll-free 1800 289 8822 IN THE MATTER OF THE COMPANIES ACT (CAP 50,1994 ED) AND ECON WOOD PRODUCTS PTE LTD (Co. Reg. No. *****1398G) (In Members' Voluntary Liquidation) NOTICE OK FINAL MFFTINP. NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act (Cap 50. 1994 Ed),
      1,897 words

  • MALAYSIA/INDONESIA
    • 395 9 [KUALA LUMPUR] Property developer Sri Hartamas Bhd is facing the likelihood of being delisted from the main board of Bursa Malaysia as it has yet to find a white knight to rescue it from its financial woes, The Star said in a report.
      395 words
    • 871 9  -  INDONESIA: OUTLOOK 2005 Govt to tap donors to rebuild aging infrastructure, revive industries By SHOEB KAGDA in Jakarta WITH the death toll still rising from Sunday's deadly earthquake and tsunamis off the western coast of Sumatra, Indonesians will welcome 2005 in a sombre mood. Even as
      REUTERS  -  871 words
    • 453 9 Bloomberg [KUALA LUMPUR] Kurnia Asia Bhd, Malaysia's largest general insurer, plans to raise about RM543 million (***** million) in an initial public offering (IPO) next month to fund its expansion in Malaysia and overseas. The Petaling Jaya-based insurer will sell 543 million
      Bloomberg  -  453 words
    • 4 9
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    • 369 9 Bloomberg [JAKARTA] Indonesia's stock index fell for the first day in seven on concern that a surge in oil prices and increased government spending needed after earthquake-triggered tsunamis killed more than 45,000 will cut corporate profits. PT HM Sampoerna and PT Telekomunikasi Indonesia led
      Bloomberg  -  369 words

  • GREATER CHINA/INDIA
    • 521 10 Formal inquiry may derail firm's search for partner to help improve operations [NEW YORK/HONG KONG] US regulators have stepped up their investigation into China Life, China's biggest life assurer, which gained a listing in New York and Hong Kong last
      521 words
    • 187 10 Reuters [BEUING] Beijing has given five Hong Kong banks the green light to open branches in China this year as part of a free trade deal that gives the city's lenders greater access to the mainland market, the banking regulator said
      Reuters  -  187 words
    • 379 10 China companies' mega debuts expected to dominate market Reuters [HONG KONG] Hong Kong initial public offerings are set to raise a record HKSI3B billion (Ss29 billion) next year as mega debuts from Chinese companies dominate issuance, PricewaterhouseCoopers said yesterday. That will
      Reuters; REUTERS  -  379 words
    • 207 10 Bloomberg [SHANGHAI] China Asset Management Co, a Beijingbased fund management company, raised 5.44 billion yuan (Ssl.oB billion) selling units in the country's first exchange-traded fund, exceeding an official's sales forecast. A total of 37,267 investors subscribed to the Shanghai SSESO Index Fund,
      Bloomberg  -  207 words
    • 403 10 [SHANGHAI] Merrill Lynch is in talks with China's Huaan Securities, a midsized brokerage, to set up an investment banking joint venture, says a Financial Times report. Merrill is making a bid to become the latest foreign house to gain access to the country's
      403 words
    • 358 10 Reuters [SHANGHAI] The chairman of Apex Digital Inc, a major US supplier of cheap TVs and DVD players, has been arrested in China, a US official said yesterday, as a second Chinese company revealed Apex owed it millions of dollars. The
      Reuters  -  358 words
    • 468 10 108b rupees in 79 floating-rate notes were sold this year Bloomberg IMUMBAI] Floating-rate bond sales by Indian issuers increased eightfold this year as the central bank raised interest rates for the first time in four years. Companies and other
      Bloomberg  -  468 words
  • Page 10 Advertisements

  • ASIA-PACIFIC/WORLD
    • 385 11  -  TSUNAMI TRAGEDY Effect on region's GDP growth unlikely to exceed 0.75 of a percentage point By ANNA TEO [SINGAPORE] The nearterm economic impact of the tidal waves tragedy on the region is likely to be limited, says Credit Suisse First Boston (CSFB). The bigger
      AP  -  385 words
    • 374 11 HUMAN ERROR Early warning fax mis-directed to a former minister AFP [NEW DELHI] India's tangled bureaucracy bungled the first alerts on the tsunami strike, losing precious time which could have saved lives, newspapers reported yesterday. India's air force was warned that
      AFP  -  374 words
    • 471 11 AFP [KUALA LUMPUR] The Malaysian government has pledged to conduct a postmortem on why the public was not warned about tidal waves which smashed into its northern coastal areas and killed at least 65 people. "We need to re-examine if there was any way
      AFP  -  471 words
    • IN BRIEF
      • 143 11 Reuters AFP [SINGAPORE] The tsunami that has devastated coastlines around the Indian Ocean, now known to be one of the worst natural disasters ever, could cost as much as US$l4 billion and economists have begun to revise down some growth estimates. Early indications yesterday were that
        Reuters; AFP  -  143 words
      • 173 11 Reuters [JAKARTA] Indonesia yesterday welcomed a German plan to propose a debt moratorium for the tsunami-hit country when the Paris Club of sovereign lenders next meets on Jan 20 and hoped it would free up more funds for reconstruction. The proposal came amid concerns over ballooning
        Reuters  -  173 words
      • 130 11 Reuters [BANGKOK] Preventing outbreaks of diseases across tsunami-hit Asia is a race against time, but contrary to popular belief, the thousands of rotting corpses do not pose the main threat, health officials said yesterday. Sewage-contaminated water is the main risk factor in the spread of
        Reuters  -  130 words
      • 205 11 Bloomberg [NEW YORK] Amazon.com, Coca-Cola Co, FedEx Corp and Pfizer are among US companies that have taken steps to provide aid to the survivors of the earthquake and tsunamis. Amazon.com had collected US$4.5 million as of 12.30 am Singapore Time through a link on
        Bloomberg  -  205 words
      • 78 11 Bloomberg [BANGKOK] Thailand's central bank will offer 30 billion baht (Ssl .3 billion) of loans to companies and individuals to renovate businesses affected by tsunamis in coastal provinces. The interest rate will be capped at 2 per cent, Suparut Kawatkul, the finance ministry's permanent
        Bloomberg  -  78 words
      • 159 11 AFP Bloomberg [JAKARTA] Authorities in the Indonesian capital have decided to scrap a lavish New Year's Eve fireworks display to show solidarity for the tens of thousands of people killed by the earthquake and tsunami. Jakarta governor Sutiyoso said the money that would have been spent
        AFP; Bloomberg  -  159 words
      • 104 11 AFP Bloomberg [ROME] Italian mobile phone users have donated more than 11 million euros (5524.5 million) for the victims of the Asian tsunamis through a text messaging arrangement that seemed to set a trend. This was enabled by an agreement between the country's four mobile
        AFP; Bloomberg  -  104 words

  • AVIATION
    • 504 12 Figure exceeds 2002's 29m as travel increases with recovery Bloomberg [SINGAPORE] Changi Airport, Asia's sixth-busiest, handled a record of more than 30 million passengers this year, surpassing the previous record of 29 million in 2002, as an economic recovery encouraged people
      Bloomberg; FILE PHOTO  -  504 words
    • 449 12 Bloomberg [SHANGHAI] China, the world's fastest-growing aviation market, won't allow new aircraft purchases next year because it will have enough planes to meet travel demand, its aviation regulator said. Increasing plane purchases may hurt air safety and service. Civil Aviation Administration of China
      Bloomberg  -  449 words
    • LOG BOOK
      • 80 12 Bloomberg [LONDON] Alpha Airports Group Pic, the UK's biggest airline caterer and airport retailer, said fiscal 2005 earnings will be held back by as much as £1 million (553.12 million) because of the Asian tsunami disaster. Earnings will be held back because of a
        Bloomberg  -  80 words
      • 59 12 Bloomberg [MUMBAI] India will invite bids for stakes in the airports at Mumbai and New Delhi by the end of March, Aviation Minister Praful Patel said in Mumbai yesterday. The government's Airports Authority of India will borrow as much as 60 billion
        Bloomberg  -  59 words
      • 82 12 Bloomberg [MUMBAI] Air India Ltd, the nation's biggest overseas carrier, will expand its network to Europe, Canada and Australia, as it acquires more aircraft. It will fly to cities like Birmingham in UK, Toronto in Canada, and Sydney, V. Thulasidas, the chairman and
        Bloomberg  -  82 words
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    • 677 12 gQ^Q^£^^^^^^^^^^vertiscMcalHoiHreeiBo^B9M2^Einail^iotices@sphxoniiSg NOTICE TO TRADE FEEDER OPERATORS SOC SHIPMENTS REVISION OF FUEL ADDITIONAL EFFECTIVE 15 JANUARY 2005 Feeder operators wish to inform the trade that, arising from the regular review of bunker prices, the current Fuel Additional (FA) will be reduced to the following levels for all inbound and outbound shipments
      677 words

  • SHIPPING
    • 450 13 TSUNAMI TRAGEDY Analysts expect Genting to bid for S'pore's proposed casino resort [SINGAPORE] Analysts have expressed concerns that the operations of Malaysian cruise operator Star Cruises could be hit by travel cancellations in the aftermath of Sunday's deadly tsunami. The cruise operator's
      AFP  -  450 words
    • 250 13 Bloomberg [SINGAPORE] Chennai's container port, India's sec-ond-largest, was shut down and put on "high alert" after the government warned that fresh tsunamis may hit the country's coastal states and islands. As the region rallied to recover from Sunday's disaster and prepare
      Bloomberg  -  250 words
    • 668 13  -  ADMIRALTY CASEBOOK By SELVA KUMAR A US appeals court ruled last week that cruise liners are, under federal maritime laws, strictly liable for any assault by a crewmember on passengers during a cruise, even if the assault occurs outside the ship while
      668 words
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  • EDITORIAL & OPINION
    • 545 14 EDITORIAL ARE oil prices which were much in the news this year heading for another peak, or will they plunge in 2005? Oil breached a record US$55 in New York in October, casting a shadow on the US economic recovery. Prices have eased
      545 words
    • 1969 14  -  A personal account of last Sunday's tsunamis which wreaked havoc on Phi Phi island By JANINE TRAN IT was my third trip to Thailand's Phi Phi island and the fourth for my 26-year-old daughter, Rebecca, who likes to dive. Both of us love Phi Phi for
      REUTERS  -  1,969 words
    • 709 14  -  THE BOTTOM LINE LEON HADAR Washington Correspondent AS the death toll in 12 countries is Asia soared close to 100,000 this week, US officials led by President George W Bush have expressed their displeasure with the depiction of American reaction to the
      709 words
    • 1516 15  -  Foreign students now have more options in their pick of institutes of higher learning the US is no longer their top choice By SAM DILLON NYT AMERICAN universities, which for half a century have attracted the world's best and brightest students with little effort, are
      NYT; BLOOMBERG  -  1,516 words
    • 701 15  -  LETTER TO THE EDITOR Leong Sze Hian I REFER to media reports that the government is formally inviting potential investors to submit their concept plans to build an integrated casino resort in Singapore, and has unveiled a list of minimum social safeguards to mitigate
      FILE PHOTO  -  701 words

  • Page 15 Advertisements
    • 1534 15 ■Rnnnp|H| Call toll-free 1800 289 8822 IN THE MATTER OF THE COMPANIES ACT. CAP. 50 PROPERTY SEARCH PTE LTD (In Members' Voluntary liquidation) Company Reg. No. *****1796E At an Extraordinary General Meeting of the company deemed to have been held pursuant to Section 179(6) of the Companies Act, Cap. 50
      1,534 words

  • 3289 16 STRAITS TIMES INDEX STOCKS m am i o— Omm AUgrwnSOc 030 1.090 ♦0.020 NOL 2.10 2.9)0 «ft040 Bit mtl LfS20c 0.45 0.966 *0.005 QOC 9.99 13JC0 C«p*»l»nd 1.40 2.130 -0.020 P»*wyH2Sc 048 1480 Chart SamiGond 26c 0.73 0M0 *0.005 reopto'i Food HK50c 0.41 1.400 CityOwSOc U» 7450 -*0-000
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  • 2822 17 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES tool am ta Si ta OSJ *dy yr dy yr dy %yr Oil* WKtm dung* Q>«ng« Change Oitrtgt Ounft Owm Wortd tr*>ei Preliminary 851.9 0.0 94 01 44 -0J 123 J EAFE Preliminary 770.9 01 99 00 HI <3 164 BMiiNiHiMr MM9 02
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  • Page 18 Advertisements
    • 804 18 To Our Valued Customers Business Associates Season's Greetings Best Wishes for 2005 From The Management Staff of NYK GROUP SOUTH ASIA PTE LTD fcwop* CEX-Mon Inira Ada Shmt&mi V*d V*"* l 6* $*—f Hwlww Irtfrrdi 35 ||V«M«I <M» I Vr W> E Hirim mmamm m mi* its iy- MJB m
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    • 917 18 [iWTmAWA ItOKO SWVICI vßsa/voT mrnm hbghtw wo «h io i aw i jkt i SntATTS VENTUKE /01 IS JJ 13/01 14/01 U/01 SIMfTSVWniIE/W IS J? M/ 01 23/01 27/01 30/01 01/02 srum ytmutt /03 is 3.2 03/02 05/02 10/02 13/02 01/03 jWPT AHA/MNQAIKOHO fVI VKSa/VOT IAMPffT) HBGHT(M) I TOR Kg
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  • Page 19 Advertisements
    • 969 19 MOt Cwnbintt CT a range of shipping modes to ensure timely, reliable services covering maior ports in North America, Europe, Japan, Asia, Africa Oceania. Abe accopt btre-Asta CaryMs to: For Schedules, BL Searches, ond Container Tracking, visit on our Home Page: www.mollin.cotw.69 www.homburflsud.com M SERVICE (EXPORT! Uekm, Ihfc Its) 6727-2M3
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    • 1190 19 VESSEL VOY_ _81|_ J(T_ _HKG_ JOlH_ JOfH_ _WS_ VESSEL VOT SIN JKT SUB HKG USN PUS HY PTOGKESS W> 4/1 1/1 13/1 15/1 17/1 If/I 19/1 KMTC PORT KEUNG 413S 2/1 5/1 6/1 11/1 15/1 16/1 HTHID6E QMS 13/1 IS/1 20/1 22/1 24/1 26/1 26/1 KMT( SPORE SOIS 9/1 12/1
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    • 192 19 Qemartrans (8) Pte Ltd GEMARTRANS OPWATOfI CODE •OT CM NO; **********0 ft "V FOR BOOKMQS; TIL FAXSMOAPORE *****062/ *****692 *****061/ *****110 KUALA LUMPUR (03)*****660 (03)*****102 3 SAIUNQS WEEK TO HCM VISSIL voT si HCM DAXIN OWE 03/01 04/01 KUOIUNC 00)1 04/01 07/01 ANUU 19* OMIT CAU UUUM 190N 01/01 11/01
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    • 1014 19 riFsia WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICQ POINTS VKSa VOT SW MOAjIC COtOMtO N.SHCVA COLOMBO KOTA fttWHA YPWOSS 27 DK 29 DK 01 JAW QU&H 0? JAW IWDIHA GANDHI 0089W 03 JAM 05 JAN 08 JAW II JAN 14 JAW »AJrVGAWDHI 0089W 10JAN 12
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  • Page 20 Advertisements
    • 653 20 WW WALLENIUS WILHELMSEN website: http://www.2w9lobol.(om I VESSEL I VOT I RAMP 1 HEIGHT I SIN lUC I MAO HOU# RUA SAV »Al ORE NYC NfW MOO TAMPA Afsol 4201 ms 6.4 M I 02/01 I 26/01 04/02 11/02 12/02 14/02 14/02 11/02 01/02 TARAGO AfSO2 ***** m 6.4 M I
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    • 1282 20 I PACC Container Line Pte Ltd saa M Efiu— ybsil m an «t -MO] 0074P 30/12 9 /Q1 PAt MfDtfl SM 30/12 02/01 mOAMPA I373H Jl/12 U/1L_ gg| 411Z 01/01 03/01 PA< IAHDA 1374N 01/01 02/01 IIAMUY*? |S2S 05/01 07/01 WMHPA 1375M 02/01 93/91 PACOUTA* 9201 I 04/01 09/01 csf
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    • 56 20 n WINSTAR SHIPPING PTE LTD Ulah. 1tf*****7N RJ winstarlogistic pti ltd U. Rfi Ite. IWOWII6 s I IM < BATAM MM ÜBi wfcp HI fta fcti I Loodhg of Jaroag Port, )2 Doer to Doar Kl/LQ./ Cosvwrttoad Cargo Enotkws: flwi Sifcnfw or in/ M77Brnfl/f;li>7*f?lW7 i nW7fiiiM 1 tWAfcA—IOUUIIBUi^HtOJKTaUWO rPdAft IVwhipniMit/Ci
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    • 654 20 BSA x MYANMA FIVE STAR LINE (Myoamor Notional Line) Loodißg for Yangoii VESSEL VOY SIN PKI PEN PGU PAGAN 334W SU) SU) NPA-AN 330W SU) IN MALAYSIA: lOUSTEAD SHIPPING AGENCIES KUI/PKL 03-300 SUM PEN: 04-*****1S MKtKtk ACCEPTING CONVENTIONAL C6O HKG SIN HKG SIN PGU PKI KUC PRINCESS 47 SU) SU)
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  • Page 21 Advertisements
    • 1085 21 fi S'pore Agents ML SMooiaj Aomcv (S) Pt« ltd (CR MO; **********0Z) \(2\ (J 180 CetJ Wet, Jil 43 Banokak Bonli Budding, Singapore *****6 crnterasia JL,meS W 6323-6466/77 Fox: *****433 W.ksit.: www.ietereiiillies.ceei SUPER EXPRESS SERVICE TO HONQ KONQ A JAPAN VBSE jVOT OSK KOI SBZ TYO TOK HK6 hOsSm VBtt
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    • 300 21 I E P n CARRIERS ™—w— —r J ?YSr I throw am urn a/nm jo/iirau ii/orar aia I a; M Mlt rtDfOXfltM 02/01 w> 04/01HB 00/01TW IMS&LSM ***** 14/82 MOW It/MWB 10/81HM YUKON SIM 37*| »/W ttT M/SuS 04/03 HH IYWOWSTAI S7SK I It/HtHI I 11/UUT U/MWB vnmui iiptus ffljg
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    • 953 21 rr\ HH7 I IMCC WAIN: Til: 6221-1333 FAX: 6221-5272 I Jr/y IUL LI 111 CO a«™** SBYIO: TTL 6221-5596 FAX: *****190 I /g f# SINGAPORE TON 6 JOO SMPMNG PTI LTD *****M0000C kookhj t @t(i.to«.»j W«6siH: www.pdzhMs.CMi I Ivbsr vof" n>sw "km m Ivbsb voTtttHiiliu" I vtssa "vot" n*sw mw
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    • 240 21 Ungr br»okbulk tervice S.I. A*io/USA vk« vor»o SPECIALISE IN HEAVY LIFTS A PROJECT CARGO D/UtWW Dnhrtia ■V MDUSTtIAI OKF W/VT Hm| SkaoU, Mm. Laa kaa/StaONa. Vmumk USK Ottw pari iUmbi HOU Dwtttt— MV MWSTMAI CHAMP IT/12 Nmpvi Km, oBp»So» Ii 4i n in l. HOUSTOM Piiialiii MV MOUSTtIAI MYSTK M/Ot
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  • THE BUSINESS TIMES SHIPPING TIMES
    • 1547 22 ETA ETA Advertiw Vtnal Voyaft Tataphont Nam Hum Number Number H 1001 27/01 MOl HY HIGHNESS 3S4W *****686 10X11 2»01 Senator L GOtCOIVMUN CTJN *****750 12/01 03/02 CMACGM CSCL FEllXSTOWt SX099W *****800 14X31 30/01 MOt MOIPHMISE 019W *****686 14/01 31/01 Senator L SUEZ CANAl
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  • Page 22 Advertisements
    • 90 22 One-Stop Shipping Services' Ship Registrations Ship Clssslflcstlons Rsdlo Accounting Tuvalu, Mongolia, Panama, Quality, Safety, Security SsrVICSS Belize and many other flags Surveys and Consultants Accounting Authority RSO6 Most competitive fees low taxes 24-hour efficient service, 365 days a year Worldwide network of surveyors No restriction on nationality of Staffed by
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  • executive lifestyle
    • 2095 23  -  JAIME EE consults Lemony Snicket's cousin to interpret the year's happenings JAIME EE IT'S something that not even Lemony Snicket could dream up to torment the Baudelaire children, but how else would you describe 2004 but "A Series of Unfortunate Events"? Unfortunately, it wasn't the three children
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  • Page 23 Advertisements

  • COVER/ARTS
    • 800 24  -  YEAR IN REVIEW: ARTS It was a year of dull theatre, which also saw die passing of an era, reports CHEAH UI-HOON CHEAH UI-HOON jj day use: annus honS* m M lis. It's one of the mosi \m \m ever uttered, in her 1992 W W
      FILE PHOTO  -  800 words
  • Page 24 Advertisements
    • 889 24 I ill' liiiiii V" OMIUP LIMITED ajfcing *w» toe emjmmm d the Share Premium Account emouming to approximately US$l3B,OOO be traneferred to the omitlwted surplus account of the Company; and tiny aa mtiy t9e in connection with or ■>• pursitom >1 tie fMipnaiif transillnm riser ifoad in iwrauiiipti (aj dbova
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  • Page 24 Miscellaneous
    • 107 24 CRYPTIC CROSSWORD DOWN 1 Badly cared for timber (5) 2 9enefal 18 Stretching seams? Employ this Iris, 11 Exterminated, 13 Sentence. 15 race rrf Woinn uuirwi cor* manipulative woman Active, 16 Clue, 17 Skint 18 Rapt, 20 (8) Teresa, 21 Adelaide, 23 Photographer, 4 hS?tiS?»SL(7) 19 Book for the big
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  • ARTS
    • 1285 25  -  CEO Benson Puah muses on the arts as business, reports PARVATHI NAYAR PARVATHI NAYAR M ear-endings encourage reflection, m and Esplanade's CEO Benson m Puah is in an analytical mood. The issue is not the numbers Esplanade's statistics speak eloquently for themselves (see sidebar); it's
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    • 150 25 NEW YEAR'S EVE CELEBRATION Dec 31 (Fri) Corrinne May, Outdoor Theatre, Bpm and 11pm Jan 1 (Sat) Corrinne May, Outdoor Theatre, 9pm Dec 31 (Fri) Electrico, Outdoor Theatre, 9.30pm and after countdown Jan 1 (Sat) Electrico, Outdoor Theatre, 7.30pm, 10pm Dec 31 (Fri) Souls In Session, Stage@Powerhouse,
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  • Page 25 Advertisements
    • 99 25 fa&jfyi it, 1 m this dynamic duo tttos to the MS hulchi Hidano and AklSpnbß|||g Ih jazz band Casiopea, wffi btowlr^y ious rhythm. An eclectic blond of Dther sound like theirsl am and traditional sounds. I K) ■v-i-M t*r j f. fV-V^ bum* lor AM* Jkrtoo ooutny of I A
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  • ENTERTAINMENT
    • 800 26  -  COUNTDOWN 2005 It's your last chance to do the Auld Lang Syne before we finally put 2004 behind us. If it's your intention to drink and not drive, party on, as CHEN JINGWEN tells you where to go CHEN JINGWEN ZOUK Zouk, which won Singapore's "Nightspot
      800 words
    • 1310 26  -  YEAR IN REVIEW: MUSIC KANNAN CHANDRAN looks at the events that make for juicy gossip KANNAN CHANDRAN EVERY year, the wayward lifestyles of the celebrity set almost guarantee you scenes of absurd entertainment. While we sit back and take in the gossip, it certainly
      REUTERS  -  1,310 words
  • Page 26 Advertisements
    • 115 26 V Our enticing set dinner I SS is a sure-fire way to I •5 I kick-start a New Year! I *-5 New Year's Eve I 4-Course Set Dinner I $68+ per person I (includes a glass of spaiWlng wine) Kindly pre- book to avoid I disappointment. For Reservations, 6345 4466
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    • 92 26 New Year Feasting At Cafe Plaza 31 December 2004 Traditional Euro-Asian Buffet Lunch Adult $29.80 Child $18 Dinner: Adult $39.80 Child $24 1 January 2005 Traditional Euro-Asian Buffet Lunch Adult $29.80 Child $18 Dinner: Adult $32.80 Child $20 (with free flow fruit punch) For reservations, please call 1800 299 9011/
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    • 83 26 Counttdown Party Of The Year] 31 December 2004, Until 2am Join In the countdown bash at Rolf Knie's...our lively bands and DJ will spin exhilarating numbers on that night. Let down your hair and partake with the merriment! For enquiries/reservations, please call 6432 5566/5656. Prices subject to 10% service charge
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    • 48 26 Asian Feast Sample the b*st of Asian (Mights at Captain's Table Unlimited A La Carte Buffet as we offer the best from the region in Chinese cuisine. RAFFLES MARINA 10 Tiias West Drive *****04 Tel: 6861 8000 Fa*: 6861 1020 Email: ahoy erafflesmanna.com. sg Web Site: www.rafTletmanna com.sg
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    • 10 26 Mctiov l«r>'«ec time oofy VLMi-1 jf lit. ~£i .ft »«ir
      10 words

  • CINEMA
    • 392 27  -  FILM REVIEW By PARVATHI NAYAR IT could be worse. That's a back-handed compliment if there ever was one, but it so sums up the sequel to 2000's hit comedy Meet the Parents. The sequel's theme of awkward family meetings and time of release couldn't be
      392 words
    • 1223 27  -  YEAR IN REVIEW 2004 had its fair share of trash but there was also a refreshing dose of non-Hollywood fare. GEOFFREY EU picks the year's best and worst movies GEOFFREY EU ONE of the most-mentioned titles in any routine discussion of the worst movie ever made is
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  • Page 27 Advertisements
    • 337 27 asdg IN THE MATTER OF THE COMPANIES ACT, (CHAPTER 90) AND IN THE MATTER OF KUI ENGINEERING PTE LTD (Incorporated in the Republic of Singapore) (Co. Reg. No. *****7782W) (IN LIQUIDATION) MEMBERS' VOLUNTARY WINDING-UP At an Extraordinary General Meeting of the Members of KLfU ENGINEERING PTE LTD duly convened and
      337 words
    • 425 27 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF ING REAL ESTATE CMT INVESTMENT PTE. LTD. (IN MEMBERS' VOLUNTARY LIQUIDATION) Co. Reg. No. *****5469Z At an Extraordinary General Meeting of the abovementioned Company held at 230 Park Avenue 12th Floor New York. NY ***** United
      425 words
    • 386 27 M THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF PHASE METRICS PACIFIC PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) (Company NkMM No. IMBOMHW) NOTICE OF FINAL MEETING Notice is hereby given that pursuant to Section 308 of the Companies Act, Chapter 50, the Final Meeting of
      386 words
    • 311 27 IN THE MATTER OF THE COMPANIES ACT (CAP. 50) AND IN THE MATTER OF MAJULAH INVESTMENTS PTE. LTD. (IN LIQUIDATION) NOTICE OF RESOI lITIONS By way of Shareholders' Written Resolution dated 23 December 2004. SPECIAL RESOLUTION a) That the Company be wound up voluntarily pursuant to Section 290( 1 Kb)
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    • 607 27 advertise call toll-free 1800 289 8822 Email: notices@sph.com.sg In the Matter of The Companies Act, Cop. 50 And In the Matter of SEMBAWANG PACMANN PTE LTD (Compony No *****3723N) (In Members' Voluntary liquidation) At the Extraordinary General Meeting of the abovenamed company duly convened and held at 30 Hill Street
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    • 698 27 EAGLE BRAND HOLDINGS LIMITED (Incorporated in Bermuda with limited liability) NOTICE is hereby given that a special general meeting of Eagle Brand Holdings Limited (the "Company") will be held at 10.00 a.m. on 21 January 2005 at 6th floor, Shiwan Laichanggang, Foshan, Guangdong, People's Republic of China for the purpose
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