The Business Times, 4 January 2005

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Total Pages: 30
1 30 The Business Times
  • 17 1 THE BUSINESS TIMES SINGAPORE 85 cents online at http://busirrcss-times.asia 1 .com.sg MICA (P) 023/03/2004 Tuesday January 4,2005
    17 words
  • 510 1  -  Average score in CTI was just below 'pass' mark By WONG WEI KONG [SINGAPORE] The average level of financial disclosure by Singapore listed companies remains low, the latest Business Times Corporate Transparency Index (CTI) shows. And there is little to distinguish between the
    510 words
  • 135 1 Dsn 2,070.15 (+4.01) ST INDEX FUTURES 2.074.00 (+9.00) SIMSCI 246*9 (+0.03) SIMSO FUTURES 247.90 (+1.60) MARKETS Monday Change KLSECOMP 903.84 -3,59 NIKKEI 225 Closed HANG SENG 14,237.42 +7.28 SET INDEX Closed JAKARTA COMP 1,000.88 +0.64 MANILA COMP 1,846.90 +24.0 SEOUL COMP 893.71 -2.21 SHENZHEN B Closed BOMBAY IND
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  • 683 1  -  Flash estimates show private home prices up 0.7% from Q3 By KALPANA RASHIWALA (SINGAPORE] More evidence emerged from official flash estimates yesterday that the worst is over for Singapore's housing market. Private home prices rose 0.7 per cent
    Source: URA/HDB  -  683 words
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  • TOP STORIES
    • 493 2 TSUNAMI TRAGEDY Number of dead and missing in 12 countries hits 155,000 AFP. AP. Bloomberg. Reuters [BANDA ACEH, Indonesia] Asian leaders may ask the US for help setting up the Indian Ocean's first tsunami warning system, as Indonesia increased its death toll
      AFP.; AP.; Bloomberg.; Reuters; AFP  -  493 words
    • 507 2  -  By KENNETH LIM [SINGAPORE] After some 30 years as a fund manager, Timothy Chia has stepped down as president of private equity investment firm Pama Group to pursue interests a little closer to home. "I've made money for so many people, so
      ARTHUR LEE  -  507 words
    • 586 2 Both manufacturing, services slow in Q4 BOTH engines of the economy— manufacturing and services lost steam in the final quarter of 2004. But given today's shorter industry cycles, ail upturn may come sooner than expected. TOP STOWM) Analysing the analysts brokerages get screened LOCAL brokerage Kim Eng Research
      586 words
    • 704 3  -  But electronics may turn around before the year is out By ANNA TEO [SINGAPORK] Both engines of the economy manufacturing and services lost steam in the final quarter of 2004. But given today's shorter industry cycles, an upturn may yet come sooner
      704 words
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  • Page 3 Advertisements
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  • COMPANY NEWS
    • 571 4  -  HOCK LOCK SIEW By WONG WEI KONG Take football, for instance. Teams get three points for a win, one for a draw and none for a loss. Add it all up for each team, rank them, and that's about it. The football
      571 words
    • 245 4  -  By CAROLYN QUEK SINGAPORE-BASED Fairfield Straits Lion Asset Management (FSL) said yesterday that it has invested US$25 million for the first time in an Asian hedge fund as seed capital. The company is 65 per cent owned by Straits Lion Asset Management
      245 words
    • 640 4  - Analysing the analysts brokerages get screened UBS, Kim Eng Research take the top spots in Asia for accurate forecasts By JOYCE KOH THERE is a whole slew of brokers' recommendations to sift through everyday but local brokerage Kim Eng Research has emerged second among global stockbrokers in a recent poll
      640 words
    • 1392 4  -  Reading the tea leaves for the year ahead, analysts say growth is brewing for the stock market, but dividend plays and undervalued small caps will bring the most satisfaction. JEAN CHUA, JOYCE KOH and KENNETH LIM find out why JEAN CHUA, JOYCE KOH,KENNETH LIM TIMOTHY WONG Research
      1,392 words
    • 702 5  -  Stake of over 21% will make it the single largest shareholder By VEN SREENIVASAN AVIONICS and aircraft retrofitting specialist A-Sonic Aerospace is buying more than a fifth of fellow main-board-listed company AirOcean Group, making it the single largest shareholder of the air express
      FILE PHOTO  -  702 words
    • 378 5  -  Genesis Capital lead-managing IPO of China Great Land By KENNETH LIM JUST one year after launching the Industrial and Commercial Bank of China's first and only initial public offering in Singapore, a five-person team formerly from China's largest bank have struck out on
      378 words
    • 269 6  -  As senior exec VP, he will oversee UOB's corporate finance, capital markets and venture managment business By JOYCE KOH ■eowithDßS since 1971. M In investment banking, interice, and is abound member of ition and was DBS' representative on tne rnuippmes Singapore
      269 words
    • 333 6  -  Key is knowing industry trends, firms' management By JOYCE KOH FOR the two top analysts in Singapore, the focus on fundamentals as the most refiabie driver of good stock performance has seldom (ailed. In Hs study on the effectiveness of brokers' recommendations, AQ Research picked
      333 words
    • COMPANY BRIEFS
      • 75 6 KEPPEL Integrated Engineering's managing director and chief executive officer Yick Ping Wong will be retiring on Feb 12 to pursue his personal interests. He will, however, be appointed as KIE project adviser to Keppel Corporation's executive chairman. Chua Chee Wui has been appointed KlE's acting
        75 words
      • 121 6 FORMER deputy governor of Malaysia's Bank Negara Fong Weng Phak has resigned as a director of Oversea-Chinese Banking Corporation on Jan 1 for personal reasons. In a move to further enhance the diversity of its board composition, the same day saw the appointment of Senior
        121 words
      • 50 6 CHEONG Yip Seng, the editor-in-chief of SPH's English and Malay Newspapers Division, has stepped down as a member of SBS Transit's audit committee on Jan 1. The audit committee now comprises Wee Siew Kim as chairman and Chin Harn Tong and Kua Hong Pak as members.
        50 words
      • 49 6 CAPITALAND Limited has set up two indirect wholly owned subsidiaries Capitaßetail China (Beta) Investments (CRCBI) and Capitaßetail China (Alpha) Investments (CRCAI). Both of them are wholly owned units of Capital Land Retail China, which itself is a wholly-owned arm of Capita Land.
        49 words
      • 66 6 SEAH Moon Ming has been appointed as a director and vice-chairman of ECS Holdings. Also announced yesterday by the information technology product distributor was the appointment of Chang Yew Kong as alternate director toTay Eng Hoe, the company's CEO. Wong Heng Chong has resigned as a
        66 words
      • 58 6 DARCO Water Technologies said it has secured Singapore Exchange in-principle approval for the listing and quotation of consideration shares for the acquisition of shares representing 40 per cent of PV Vacuum Engineering's issued capital. The $1.06 million consideration is to be satisfied through the issue
        58 words
    • 4475 10 1 Oversea-Chinese Banking Corp i Dec OB i S3 i 35 88 82 6 a QianHu Corporation Dec03 48 40 88 78 10 3 I Singapore Telecommunications Mar 04 54 30 84 I 4 I DBSMpHhfes Dec03 S3 j 30 83 81 2 5 Osin International Dec 03
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    • 935 11  -  Overall rankings of the record 570 firms surveyed last year also improve By PENELOPE PHOON, GRAHAM OWENS OCBC Bank, Singapore's third largest bank, and ornamental fish breeder Qian Hu have maintained their pole positions to top the rankings in the fifth and final
      FILE PHOTOS  -  935 words
  • Page 4 Advertisements
    • 219 4 R*3fTSKal Communication Capability for Bankars and Lawyars Mandarin and Bahasa Indonasia When doing business in Greater China, do you have command of Chinese financial/banking terminology? Can you give fluent Mandarin presentations? Can you handle questions and answers in Mandarin? Can you sell your products and services to clients in Greater
      219 words

  • Page 5 Advertisements
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    • 98 5 Design and technology in perfect harmony I JL The new luxurious SAMSUNG Home Theatre System is state-of-the-art in every way' SP50/56 L7HX SP46/50/61 L3HX ur'/ i I i'j' 1 > i )i f 1 f DNIf 1 '',r S-/ r 1 a. A'.".I )Nf» I »i C r J H;<-
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    • 325 6 .5? SOIL3UILD Group Holdings Ltd Incorporated in Republic of Singapore on 26 December 1996 Company Registration Number *****9233 M Invitation In reepect of 34,500,000 new ordinary aharaa of $0.25 each compriaing: (a) 1,500,000 Offer Sharea at $0.31 for each Offer Share by way of public offer; (b) 33,000,000 Placement Sharea
      325 words

  • Page 7 Advertisements
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  • SINGAPORE MARKETS
    • 532 8  -  STOCKS Small caps, China stocks the centre of attention on first trading day of 2005 TEH HOOI LING Senior Correspondent ANEW year brings new hope. And that hope lifted the Straits Times Index in the first trading session of 2005 to a near 52-month
      Source: Bloomberg  -  532 words
    • Article, Illustration
      351 8  -  Compiled by JOYCE KOH Keppel mm! tong-terap cash flow and a ready v 'i l l iw" as > tourists arImproving Singapore office mar'v Jkjki A. ket Wra 40 per cent ofits RNAV m fice sector fan which prime rents arc recovering &>om historical lowa Stretchin| backto 1986. JCeppd
      Source: Bloomberg  -  351 words
    • 510 8  -  CURRENCIES LARRY WEE Senior Correspondent THE US dollar spiked sharply higher from its lateDecember lows in early morning trading yesterday, before giving back a good part of its initial gains in trading conditions which were challenging because some other currency centres
      Source: Reuters  -  510 words
    • TRADES TO WATCH
      • 125 8 ABOUT five existing shareholders of steel stockist HG Metal Manufacturing have sold 6.8 million shares in a private placement at 64 cents apiece, said sources close to the deal. BT understands that the shares were bought by five or six "high net
        125 words
      • 147 8 IS Investment Group has turned out to be a substantial shareholder of Teledata (Singapore) after buying 50 million shares in a married deal on Wednesday last week at 3.56 cents apiece. On the same day last week, former Teledata shareholder Intraco had sold its entire
        147 words
      • 106 8 NEW Lakeside Holdings joint managing director Go Twan Heng bought another 255,000 shares on the open market yesterday. The purchase raised his direct shareholding to 0.64 per cent from 0.49 per cent. The shares were bought at 10.5 cents apiece. Mr Go is
        106 words
      • 115 8  -  Compiled by KENNETH LIM SCHRODER Investment Management (Singapore) Ltd's deemed stake in China Flexible Packaging was reduced to 5.28 per cent from 5.66 per cent on Thursday last week after 1.6 million shares were sold on behalf of clients for whom Schroder was acting
        115 words
    • Article, Illustration
      413 8 OTHER SINGAPORE INDICES Jan 3 VALUE CLOSE BT OB/OS 789.00 +135.00 BTCAPI -*****.00 4-175.00 IT 10-day MA -*****.00 4-79.00 All-SG Equities 533.66 -1-1.93 SG Equities Elect 163.79 4-1.02 SG Equities Fin 1622.52 -1.57 SG Equities Prop 521.06 4-3.37 SIMSa 246.89 +0.03 SiMSCI Futures 247.90 4-1.60 MOST ACTIVE STOCKS VOLUME UniFiber
      413 words

  • SMALL CAPS
    • 335 9  -  By TEH HOOI LING THE small-cap rally has been sustained for three weeks now, benefiting the performance of our portfolio. For the week to Jan 3, 2005, our portfolio again outperformed the UOB Sesdaq Index. It rose 4 per cent, compared with the second
      335 words
    • 873 9  -  It is now in the midst of a transition towards forestry and pulp businesses, which are expected to contribute more than 80 per cent to group sales by 2008, writes ANGELA TAN ANGELA TAN IN December, loss-making forestryrelated United Fiber System, or Unifiber, dominated
      Source: DBS \Vickers Securities, Bloomberg  -  873 words
    • 5110 9 UNIT TRUSTS FUNDS Shenton Thrift!" 1.114/1159 Shenton Income 1.555/1.602 *MI A M_,, T .„Shentonlncome(USO) 0 953/0 981 Shenton Asia Padfk!** 0 894A) 93 X n£i Shwwn Gib Opportunities/" 0.695(0.723 Si Shenton Dynamic Bond/* 1 434/1 477 Star Europe Bal 1.14» shenton Greater China 1256/1 306 SlriTlJSr 7RV Mendakl OobaU- 0
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  • Page 9 Advertisements



  • SINGAPORE NEWS
    • 612 12  -  They are now free to charge different rates for calls on 2G and 3G networks By ANGELA TAN IN a stark shift away from its pricing control policy, the Infocomm Development Authority (IDA) yesterday said mobile operators are now free to charge different rates
      612 words
    • 308 12  -  By AMIT ROY CHOUDHURY AFTER 15 weeks of registration and assessment, 5,923 second-level ".sg" domain names were launched yesterday after they had been approved by the Singapore Network laformation Centre (SGNIC), according to the Infocomaoi Development Authority (IDA) of Singapore. Second-level ".sg" domain names like
      308 words
    • 575 12  -  TSUNAMI TRAGEDY By LIZA LIN THE Singapore Press (SPH) Tidal Wave Asia Fund received its biggest boost yesterday when businessman Oei Hong Leong donated $500,000, making him the biggest individual contributor to the fund so far. When asked for the reason behind his donation, Mr
      STEPHANIE YEOW/ST  -  575 words
    • 274 12  -  By CHEN HUIFEN GERMAN pharmaceutical giant Bayer AG yesterday said it has completed the 2.38 billion euro acquisition of Roche Consumer Health, a unit of Swiss firm Roche Holding AG that deals with non-prescription medicines. Roche Consumer Health will now be part of
      274 words
    • 704 12  -  Fresh employment could hit 20,000 in best case scenario By JEAN CHUA A CASINO no bigger than 15,000 square metres as stipulated by the government could create more than 13,000 jobs when fully up and running. In the bestcase scenario, 20,000 jobs could
      704 words
    • 450 12  -  By SAMUEL EE THE Land Transport Authority (LTA) is inviting more applications to operate export processing zones (EPZ) for cars at a time when vehicle deregistration figures do not seem to be slowing. The LTA said in a statement yesterday that applications
      450 words

  • ECONOMY WATCH
    • 722 13  -  TSUNAMI TRAGEDY Asia's attraction as an investment destination unlikely to be reduced By CHUANG PECK MING IT may have produced one of the world's darkest moments but the tsunami that roared onto the shores of South and South-east Asia
      722 words
    • 721 13 Bernama [NEW YORK] United States quota restrictions on textile and apparel products that were in place since the 1960s were lifted on Jan 1. Celebrating the move, Laura Jones, executive director of the US Association of Importers of Textiles and Apparel (USAITA),
      Bernama  -  721 words
    • 775 13 Bloomberg [BEIJING] China's textile companies, which produce 17 per cent of the clothes worn in the world by value, say they are not worried that the United States and European Union will resort to new forms of protectionism. Forty years of US
      Bloomberg; REUTERS  -  775 words
    • 333 13 LATEST US INDICATORS Reuters, Bloomberg AP [WASHINGTON] US manufacturing activity expanded for the 19th consecutive month in December, a new report said yesterday, suggesting that the US industrial sector entered the new year with solid strength behind it. The Institute for Supply Management said its
      Reuters,; Bloomberg; AP  -  333 words
    • 494 13 AFP [GENEVA] The World Trade Organization's (WTO's) Doha round of liberalisation talks has exceeded a planned end-2004 conclusion date. WTO director-general Supachai Panitchpakdi has now said that the talks may be concluded at the end of 2006. A ministerial meeting in Hong Kong
      AFP  -  494 words
    • 1092 14  -  MALAYSIA: OUTLOOK 2005 Improved results are expected after revamp of the main units last year By PAULINE NG in Kuala Lumpur CORPORATE Malaysia should begin to see some fruits in 2005 from seeds sown last year. Riding on the wave of a landslide victory in
      FILE PHOTO  -  1,092 words
    • 724 14  -  INDONESIA INSIGHT Reconstruction efforts can lead to long-term stability SHOEB KAGDA Jakarta Correspondent INDONESIANS began 2005 in mourning as they reacted with deep grief to the tragedy that is still unfolding in Aceh. Never before has the country been convulsed by such a
      724 words
    • 2475 14 VOL FSBM 0J1 -002 75 JM1 Ml W- (H» FTEC Resources .044 -0.01 108 Furqan Bus. Org .0.34 -0.01 2062 At M Realty 1.22 -0.01 4 Gadang 1.40 -0.01 924 Abric .0.51 unch 6 Gamuda 5J0 unch 29 ACP Industries 1.13 -0.04 1 General Corp 0.50
      2,475 words

  • Page 14 Advertisements
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      162 words

  • GREATER CHINA/INDIA
    • 289 15 [SINGAPORE] Ratan Tata, chairman of India's Tata Group of companies, has been named "Asia's Businessman of the Year" by Forbes magazine. "Ratan Tata turned one of India's most storied and stodgy conglomerates into a global business player," the magazine said in
      289 words
    • 381 15 They made 326 deals worth US$18b in 11 months Xinhua [BEIJING] Chinese companies have shown their international ambitions by merging and buying out foreign partners last year, a trend that was highlighted by the merger between Lenovo Group and IBM. Chinese companies made
      Xinhua  -  381 words
    • 133 15 Reuters (BOMBAY) The Beliance brothers' feud took another turn as the younger Anil Ambani quit as vice-chairman and director of group affiliate Indian Petrochemicals Corporation Ltd (IPCL), a Beliance official said yesterday. Anil Ambani had only been appointed vice-chairman of IPCL last
      Reuters  -  133 words
    • 276 15 Bloomberg [TAIPEI] Koo Chen-fu, founder of Taiwan's Chinatrust Group and a former senior adviser to President Chen Shui-bian, died yesterday of complications from kidney cancer, his doctor said. He was 87. Mr Koo, who was born into one of Taiwan's richest families, was a former chairman
      Bloomberg; AP  -  276 words
  • Page 15 Advertisements
    • 133 15 TRAVEL PERIOD p|; jtf 17thJan2005-15thApr2005 Wm IW fIU Km.- Im,« aF PROMOTION MILEAGE s'' V Double K ELIGIBILITY *^L Members "~g% APPLICABLE ROUTES V k Tokyo Osaka jl||L, LVy APPLICABLE FUGHTS CLASS OF TRAVEL Class One Way Mileage Comparison TOKYO OSAKA FIRST CLASS Normal 4966 miles FIRST CLASS Promotion 9933
      133 words

  • ASIA-PACIFIC/WORLD
    • IN BRIEF
      • 121 16 AFP (KUALA LUMPUR] Malaysia has opened its airspace and two airports to US and UN relief operations for the tsunami-hit Indonesian province of Aceh, the foreign ministry said yesterday. The UN World Food Programme would use an airport in Subang, a suburb outside the capital Kuala
        AFP  -  121 words
      • 133 16 AP [BANDA ACEH, Indonesia] The tsunami ripped through the offices of Aceh's only newspaper with awesome force, picking up its two huge printing presses like toys and hurling them into the carpark. The human toll was more terrible: 100 staff are feared dead. But
        AP  -  133 words
      • 162 16 TSUNAMI TRAGEDY LAT-WP (JAKARTA] The tsunami last week probably killed more people in the southernmost area of Myanmar than were reported dead by the country's ruling military junta, but the region has not been independently surveyed because of tightly restricted access, experts say. A team
        LAT-WP  -  162 words
      • 138 16 AFP [LONDON] Britain's main opposition Conservatives took a swipe at Prime Minister Tony Blair on Sunday for failing to cut short his seaside holiday in Egypt a week after the pan-Asian tsunami disaster. "I think if I had been in his position, I would
        AFP  -  138 words
      • 107 16 Reuters [GUWAHATI, India] Authorities in India's northeastern state of Assam issued a quake warning yesterday, sending panicky residents to gather in open parks away from tall buildings. People also stocked up on food and medicines in Guwahati, the largest city in the tea-growing state, after
        Reuters  -  107 words
      • 120 16 Reuters [STOCKHOLM] Thieves, rapists, kidnappers and hoaxers are preying on tsunami survivors and families of victims in Asian refugee camps and hospitals and in the home countries of European tourists hit by the wave. Reports and warnings came in from as far apart as Britain, Sweden,
        Reuters  -  120 words
    • 472 16 The G8 also hopes to strike a deal on a debt relief package for affected nations AFP Reuters, [WASHINGTON] The World Bank may double or triple the US$25O million it has pledged for reconstruction in the Indian Ocean basin after last week's devastating
      AFP; Reuters,  -  472 words
    • 302 16 New measures will take effect in March AFP (SEOUU South Korea has introduced new rules to help domestic firms protect themselves from hostile takeover bids by foreign investors, officials said yesterday. The rules will take effect in March, the Ministry of Finance
      AFP  -  302 words
    • 179 16 Reuters [MANILA] The Philippine government will not sell a disputed 27 per cent stake in South-east Asia's largest food and drinks firm San Miguel Corp which a local court awarded to the state, newspapers reported yesterday. Presidential spokesman Ignacio Bunye was quoted by the
      Reuters  -  179 words
  • Page 16 Advertisements
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      55 words

  • WORLD
    • 820 17 MARKETS: OUTLOOK 2005 Average gains of 10% expected; some regions could do a bit better IHT [LONDON] Despite the strongest global economic growth since the 1970s and outsized gains in corporate profits, 2004 was a decidedly ho-hum year for international stock markets, which took
      IHT; REUTERS  -  820 words
    • 449 17 LSE unit considered integral part of the group Reuters. AFP (FRANKFURT] Deutsche Boerse AG, in the midst of a takeover battle for the London Stock Fxchange, has no plans to spin off the LSF's Clearstream settlement unit as part of the bid. "Clearstream is
      Reuters.; AFP  -  449 words
    • 616 17 OIL: OUTLOOK 2005 NYT [NEW YORK] It was a year that people in the oil markets are unlikely to forget a year that prices get records, forecasts lost touch with reality, and almost everything that could go wrong, did. It was also a year
      NYT  -  616 words
    • 606 17 LAT-WP [WASHINGTON] James Wolfensohn, president of the World Bank, said on Sunday that he expects to leave his job after his term ends this year, heralding the end of a tumultuous decade at the helm of the development lender. "I've had 10 years,
      LAT-WP  -  606 words
    • 504 17 NYT. Reuters (LOS ANGELES] A deal that would name the veteran talent manager Brad Grey to head Paramount Pictures, a studio that has suffered a string of box office flops in recent years, is almost finished, people involved in it said
      NYT.; Reuters  -  504 words
  • Page 17 Advertisements

  • AVIATION
    • 378 18 Beijing seeks direct chartered services during Chinese New Year holidays AFP [BEIJING] China said yesterday it was willing to negotiate with Taiwan the possibility of organising chartered flights between the states for the Chinese New Year holidays starting next month, state media reported.
      AFP  -  378 words
    • 404 18 Reuters [NEW YORK] Delta Air Lines, the No 3 US carrier which has been restructuring in efforts to avoid a bankruptcy filing, is expected to slash fares and remove restrictive rules such as Saturday-night stays, Time magazine reported in its online edition on
      Reuters; AFP  -  404 words
    • 345 18 AFP Aloha Airlines, faced -With surging fuel costs and slumping "travel, has filed for bankruptcy reorganisation under Chapter 11 of the US code. The privately held Aloha is a major carrier within the Hawaiian islands and operates 140 flights a week to the west
      AFP  -  345 words
    • 1908 18 CITY FUGHT ETA FUGHT FTP QF82 2250 Davao MI566 0915 MI566 1920 Adelaide LH9770 2245 Delhi SQ407 0440 IC856 1145 SQ229 2245 IC855 1015 5Q408 1620 A A F ?0f8 2250 Oenpasar Bali SQ141 1145 5Q142 0935 BA7B82 2250 r SQ143 1535 SQ146 1640 QF82 2250
      1,908 words
    • LOG BOOK
      • 101 18 AFP Mil |fVI [GENEVA] Geneva airport, the second-biggest in Switzerland, said on Sunday the number of passengers using the airport increased by more than 6 per cent in 2004 compared to a year earlier. Although the volume of commercial traffic using Geneva International Airport fell,
        AFP  -  101 words
      • 116 18 Reuters [BRUSSELS] Belgian carrier SN Brussels Airlines, currently completing a tie-up of its business with rival Virgin Express, transported 3.6 million passengers in 2004, up 9.5 per cent from the previous year. The Brussels-based airline, born in 2002 out of the collapse
        Reuters  -  116 words
      • 102 18 Reuters [HONG KONG} China Southern Airlines Co Ltd said yesterday that shareholders had approved its plans to buy US$2 billion in assets from its state parent. China Southern, the largest airline in China, had said in November that it would pay US$lOB.4 million in cash,
        Reuters  -  102 words
    • 261 18  -  Ex-SIA man Lim Liang Song to head local subsidiary By VEN SREENIVASAN INDIGO Partners is opening an office in Singapore next month to increase its private equity initiatives in South-east Asia and the Asia-Pacific region. Its wholly-owned subsidiary, Indigo Pacific Partners LLC,
      261 words
    • 286 18 AFP IKUALA LUMPUR] Malaysia Airlines said it believed the tsunami disaster would not severely affect travel demand in the region. Managing director Ahmad Fuaad Dahalan told The Star newspaper that prospects for the region's airline and travel industry this year
      AFP; BLOOMBERG  -  286 words

  • SHIPPING
    • 312 19  -  By DONALD URQUHART [SINGAPORE] US-based CSX World Terminals has raised its stake in Hong Kong's Asia Container Terminals (ACT) to 68.6 per cent after acquiring a 39.1 per cent stake from Hong Kong's largest property developer. The latest chapter in the ongoing
      312 words
    • 541 19  -  Tsunami may have changed seabed depth, warns Marshall Islands By GEORGE JOSEPH [SINGAPORE] Malaysian and Singapore maritime authorities are monitoring the situation in the Malacca straits following reports advising mariners to check possible changes to the seabed depth in the wake of the
      REUTERS  -  541 words
    • 491 19  -  It will provide towage services at Port of Jiangyin By DONALD URQUHART PSA Marine, the marine services subsidiary of PSA International, has made its first foray into the port towage business in China further fuelling ""speculation that it could be hived off
      491 words
    • 340 19 AP [NEW ORLEANS) The US Coast Guard plans to use dozens of buoys bobbing off the country's coastlines to extend the reach of a security system that monitors large vessels heading in and out of ports. The buoys, from 2.7
      AP  -  340 words
    • 217 19 [SINGAPORE] Keppel Corporation subsidiary Keppel Fels has clinched a US$llO million contract to build a jackup rig for Vietnam's national oil company. The rig is expected to be completed by early 2007 when it will be deployed by Petrovietnam Drilling Well Services Company (PV
      217 words
    • 247 19 Xinhua [YANGONI Myanmar is to build a deep-sea port in Kyaukphyu, western coastal Rakhine state, to facilitate transit trade through the country, the Flower News journal reported in its latest issue. The Kyaukphyu seaport will serve as a transit trade centre for goods destined for
      Xinhua  -  247 words
    • 319 19 SGX '000 Jan 3 SS *1- Vol CH Offshore 0.39 0.01 860 ChuanHup 0 67 0.02 1419 Cosco Corporation 1 17 0.02 2170 CWT Distribution 067 0.01 217 Ezra Hldgs 1.13 unch 191 Freight Links 0 09 unch 1606 Grand Banks Yacht 1 00 unch 45 Jaya Holdings
      319 words

  • EDITORIAL & OPINION
    • 527 20 EDITORIAL AS relief efforts get under way in tsunami-hit regions and as leaders of aid-pledging nations prepare to meet in Jakarta later this week, it is worth looking at what might prove to be effective in another such event. Almost all the affected
      527 words
    • 1039 20  -  The US has lost foreigners' trust and respect through its own arrogance and callousness LEON HADAR Washington Correspondent DURING a recent party, I met an Italian businessman and chatted with him about the differences between American and European work ethics. The Italian executive, whose company has
      REUTERS FILE PHOTO  -  1,039 words
    • 754 20  -  THE BOTTOM LINE DAVID MASON WRITING is an essential form of human communication and is certainly its most enduring form. In order to survive as a human being in any industrialised or postindustrial society, three skills are required. In English, they
      754 words
    • 1542 21  -  TSUNAMI TRAGEDY Perversely, one of the world's worst human disasters seems to have a disproportionate economic dimension By AMY WALDMAN, JAMES BROOKE NYT TO DRIVE just a kilometre in from the shore where a tsunami came roaring in just over a week ago is
      NYT; AFP  -  1,542 words
    • 1226 21  -  While a decline seems imminent, the question is whether a fall is disruptive or therapeutic for financial markets By JONATHAN FUERBRINGER NYT If the pessimistic pundits are right, the battered dollar could set records this year. With a decline of more than 6.2
      NYT  -  1,226 words

  • Page 21 Miscellaneous
    • 324 21 CRYPTIC CROSSWORD ■■I^* 26~ PflfP irnjur 5 Some of the landed gentry ACROSS had style (4) 1 Little interest about points in 6 Explosive material from yearly magazine section (5) meeting held by graduate (5) 4 Ned gets involved with master 7 Anything but an honour for builders, maybe (9)
      324 words

  • 10360 22 STRAITS TIMES INDEX STOCKS Madiaaw Wt Oom fliMii Stodi mm wt Oam CKhbi Allgreen 50c 0-29 1070 -0.010 ISO. 2.06 2.950 -0.050 IH- Int) US20c 0.45 0.960 OCBC 9.87 13.500 Capita Land 142 2.170 +0.040 Parkway H 25c 0.69 1.520 +0.020 Chart SemtCond 26c 0.73 0.985 +0.005 People's
    10,360 words

  • 6139 23 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES totocalcar* u s$ mm fw„ *<*» r *1 >»«>» Oiwyt Change Owng« Q»mg« QMnqt Ovos World Irde* Pretmmary 853 5 0 0 9.6 02 Hi 01 EAR Prefimnaiy 772.6 0.0 >02 <13 13J) 0.0 I EwepeMimnay 105&9 0.0 94 -OS 133 02 i
    6,139 words

  • Page 24 Advertisements
    • 1555 24 IMPORT NORTH AMERICA AUSTRALIA/NEW ZEALAND ISUPER SHUTTLE EXPRESS <SSX) ~j lAUBTBAUA ABIA EXPRESS (MX) VESSEL VOY LG» PKG ww.iviuw^cArncaaywg HO NEDUOYD HOUTMAN 27W50 16/12 02/01 04/01 VISSIL VOT »MI SYD Mil API FRE SW PUG PIO NEDLIOYD KOBE 44W51 22/12 09/01 11/01 API JAKARTA 12N 11/12 20/12 22/12 24/12 21/12
      1,555 words
    • 78 24 UK CONTINENT SERVICE Loading for OCEAN ISLAND RTM/ATWAJK 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 ADN/HDD/JDH PAN BRIGHT DBI/ABU/DOH/BRN/DMM/KWT LOK PRATIMA DBI/ABU/KWT/BDK 'Loads Singapore. E7W Malaysia Indonesia USA SERVICE Loading for MAHARASHTRA CAM/NFK/SAV/NOL SIFNOS BAY CAM/NFK/SAV/NOL 'Loads E7W Malaysia,
      78 words
    • 875 24 ItNTERASIA RORO SERVICE vcsa/voY Mwram hbchtw pko kch k» I si jkt I STRAITS VENTURE 01/05 15 3.2 13/01 H/01 18/01 STRAITS VENTURE 02/05 15 3.2 20/01 23/01 27/01 30/01 01/02 I STRAITS VENTURE 03/05 15 12 03/02 05/02 10/02 13/Q2 01/03 I WIST ASIA/UNOAI ROUP SV» Yissn/VOT RAMPQIT) HfIOHT(M)
      875 words

  • Page 25 Advertisements
    • 981 25 MOL Combines CT ran 9® <* snipping modes to ensure timely, reliable services covering major ports in Norm America, Europe, Japan, Asia, Africa Oawmc. Alse ecnpt letn ibk Cepn tK BUSAN KWANGYANG SHANGHAI YANTIAN XIAMEN QM6MO KELAWAH JAKARIA SURABAYA KAoHSifll6 lAM6KX IAIM CHAIAHG HOCHMUHH fASII GUPAHG PflttMG POET KBAMG For
      981 words
    • 1307 25 VESSEL VBSa VOY GOLDEN GATE SPIN I 11/1 I 12/1 14/1 NEW DYNAMIC 077 A ~6/l 8/1 GOLDEN TRADE SPIN I 18/1 I 19/1 21/1 PERTH BRIDGE 071 A ~117l I IS/1 KUOLUNG QQ4M I 7S/1 I H/\ 78/1 ||NEWaynomn 078 A 20/1 22/1 *VSI (ofcng boiti North West port
      1,307 words
    • 902 25 SJdJirA WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AMD WESTERN ICD POINTS VKSa VOT SIH P.KIAHG COKHWO N. SHFVA (OIOIUO ■UM SBSBLMM QUO MM hjm MM umumt QQB9W mum I?j*n ismh ibjan 21 jaw IflJMg miUMIJIM KM 25i** ?BiAW PACIFK QUEST 0003W 24JAW 26JAW HJAN 01 fa 04FB
      902 words

  • Page 26 Advertisements
    • 778 26 UIKA# WALLENIUS WILHELMSEN website: http://www.2wglobal.tom VESSEL "VOY RAMP HEIGHT SIH UC MAO ~HOU» MIA SAV ~TAT~ ORF ~NYC~ NEW MOI TARAGO AFSO2 320 Tons 6.4 M 18/01 OMIT 18/02 25/02 26/02 03/03 01/03 OS/03 22/02 TIXAS AFSO3 420Tms 6.4 M 07/02 02/03 12/03 19/03 20/03 24/03 22/03 26/03 16/03 TAMERLANE
      778 words
    • 726 26 vessel rn. $1 pgu vtsm vor CSF 2301 00Z6T 30/12 01/01 PAC lIMTAM 92«0 M 02/01 mi/m 11Z2S 31/12 31/12 _ttLI4U 4147 01/01 03/01 WIAMDA *****1 01/01 02/01 tIIMUTi 7 8225 05/01 07/01 PAC lAMDA 137SH 82/0] 03/01 PAC HMTAM 92«1 06/01 09/01 gf 2wi sfizze nm 03/01 PAC lAMDA
      726 words
    • 626 26 BSA^ MYANMA FIVE STAR LINE (Myanmar National Urn) loading for Yangon VESSEL VOY SIN PKI PEN PGU PAGAN 338W SID SLD HPA-AN 330W SLD IN MALAYSIA: lOUSTEAD SHIPPING AGENCIES KUI/PKL- 03-*****388 PEN: 04-*****1S jtfsssmm ACCEPTING CONVENTIONAL C6O HKG SIN NKG SIN PGU PKL KIK PRINCESS 67 SLD SLD SLD MARINE
      626 words

  • THE BUSINESS TIMES SHIPPING TIMES
    • 5399 27 This ETA ETA Advertiser Vessel Voyage Telephone SIN Desfn Name Name Number Number To ABIDJAN (ABJ) 2003 Cote D'lvoire 14/01 ***** CMACGM CSCL FELIXSTOWE SX099W *****800 16/01 09/02 Delmas FLORA DELMAS S09W *****344 17/01 26/02 China Shpg DUBAI WORLD 2036W *****898 20/01 27/02 CMACGM
      5,399 words
  • Page 27 Advertisements
    • 55 27 TUVALU SHIP REGISTRY QUALITY SERVICE 1. Low taxes 5. Accedes to latest international 2. Active role and representation in IMO conventions and regulations 3. Staffed by qualified professionals with 6- Round the clock service many years of experience in ship 7. Worldwide network of surveyors registration classification societies 4. No
      55 words

  • FOCUS: INDUSTRIES
    • 1020 28  -  COMPUTER SOFTWARE Besides big-name mergers, demand for infotech solutions is also up, reports RAJU CHELLAM RAJU CHELLAM AFTHR years of stagnation, the computer software sector is back in the limelight. The trend began in the fourth quarter of last year, with two high-profile software companies being
      FILE PHOTO; Source: OC Asia-Pacific  -  1,020 words
  • Page 28 Advertisements
    • 1827 28 »|^^^^Q^£j^^^^^D»dverti^^dHol^re^800^j89M2^nta^l^rtice8#sphxo«usg IN THK MATTKR Oh KQUIRKX CAPITAI. PTK I.TO (IN VOLUNTARY LIQUIDATION) MEMBERS' VOLUNTARY WINDING UP Al an lixtraonlinary General Meeting of ihe members of Ihe above named company duly convened and held al 17 Phillip Slreel. #05-01 Grand Building. Singapore *****5 on 22 December 20(14 the Special Resolutions set
      1,827 words
    • 649 28 p^^jj££££££££2EESE^EEEE!^^SSESE£!!^S^SEESEE^^ESSS!SESEESEEE!^^SSEEESEESSSSS^i 42L\ ASIA PACIFIC BREWERIES LIMITED H Ej (Company Rcyixtration No I*} .*****67|1> (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING DATE: Tuesday 25 January 2005 PLACE: Level 2, Alexandra Point, 438 Alexandra Road, Singapore *****8 NOTICE IS HEREBY GIVEN that the 71st Annual General Meeting of
      649 words

  • PROPERTY
    • 381 29  -  It will invest in investment-grade properties in key Asian markets By ANDREA TAN KEPPEL Land's fund management arm, Alpha Investment Partners Ltd, has raised $275 million in the first closing of its new fund Alpha Core Plus Real Estate Fund. KepLand is targeting a
      381 words
    • 941 29  -  Manhattan apartments get costlier and scarcer, reports MOTOKO RICH MOTOKO RICH NYT For the third consecutive quarter, the average sales price of an apartment in most of Manhattan breached the US$l million barrier, although it slipped slightly from the previous quarter, according to an
      NYT; REUTERS  -  941 words
    • 1222 30  -  Success rate remains low in part because sellers still hanker after rich premiums, reports ANDREA TAN ANDREA TAN gMMMI HE sum raised from collective sales in 2004 crossed the $700 million mark, up 23.7 per g cent from 2003. Yet, the success rate of
      1,222 words
    • 372 30 AFP [BANGKOK] Business is booming on Thailand's east coast with some tourists sleeping on beaches until hotel rooms become available after the tsunami wiped out west coast resorts, industry executives said yesterday. "People are looking for new destinations. Many people are in Thailand
      AFP; FILE PHOTO  -  372 words
  • Page 29 Advertisements
    • 929 29 Strategic Real Estate Planning: The Journey to Cost-Effective, Quality Decisions Ever heard of a case where a company entered into a new five year lease, spent a few million dollars on fit-out and then within 12 months vacated the premises or downsized because of a new back office strategy or
      929 words

  • Page 30 Advertisements
    • 93 30 OFFICE SPACE AT THE HEEREN 260 ORCHARD ROAD From 700 to 7,700 sq ft Bare fitted units available Column free layout Raised flooring 5 mins. walk to Orchard Somerset MRT Magdalene 6839 7222 Jelena 6839 7223 Swee Cheng Management Pte Ltd Prime Office Industrial Space FOR LEASE Gul Vicinity Fully
      93 words
    • 55 30 Fair View Court For Sale By Tender w\ Freehold V -"V Approximately 32,000 sq ft Plot Ratio 1.4, up to 5 storeys 4 f» Exclusive location along J\ jihH u PP er East Coast Road Near amenities and Court good schools \W/ 100% consensus from owners 1&3 HHjl CBRE Tel:
      55 words
    • 81 30 tl Prime Suburban Mixed Landed Site@ Landed Housing Area Paya Lebar Crescent Freehold erangoon Mrt Sjte area 25,572 sqft (approx.) /a He Mjfl nd Residential 3/sty mixed landed Kovan 00 Possible development-Cluster Housing '"Or no paya tebar Near to Serangoon and Kovan MRT Stations Methodist Sublet and established schools t
      81 words