The Business Times, 10 January 2005

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Total Pages: 28
1 28 The Business Times
  • 14 1 THE BUSINESS TIMES Monday, January 10,2005 online at http7/business-times.asial .com.sg MICA (P) 023/03/2004 SIN
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  • 741 1  -  Some analysts go for high-growth counters in 2005 By MICHELLE QUAH [SINGAPORE] Looking back, the winning strategy for stock market investors in 2004 was simple: pick previously-untapped second liners and bluechip darlings in the Singapore market. These counters yielded the best returns of the
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  • 139 1 MARKETS We«k Chge STI .2085.58 +19.44 KLSE COMP 916.28 +8.85 NIKKEI 225 *****.24 -55.52 HANG SENG *****.86 -655.28 SET INDEX 697.84 +29.74 JAKARTA COMP ...1032.53 +32.30 MANILA COMP ....1851.78 +28.95 TAIPEI TAIEX 5935.99 -203.70 SEOUL COMP 870.84 -25.08 SHENZHEN B .229.45 +9.65 AUSTALLORD 4062.80 +9.70 DOW JONES *****.96
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  • 541 1  -  PM Lee applauds S'pore spirit and mourns victims By JEAN CHUA [SINGAPORE] More than 7,000 people attended a sombre memorial service held yesterday in remembrance of victims of the deadly tidal waves that hit Asia on Boxing Day last year. They each received a
    LIM XUI LIANG/ST  -  541 words
  • Page 1 Advertisements
    • 39 1 BizlT Motorola confident 3G will fly in S'pore PG2B BT ONLINE Access to BT Online is free after 6pm each day. But print subscribers can access our online news anytime. Call 6388-3838 to subscribe and activate your online account.
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    • 30 1 rs VIEWS FROM THE TOP Casino gaming: are proposed restrictions excessive, just right, or not enough? pgs > a!ru I_ '*«<Sw i I t Santos-Dumont watch Carlic/' 11l 8"*****1 ***** A
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    • 32 1 YOUNG INVESTORS' FORUM Tips on resume writing pg 12 TSUNAMI AFTERMATH Commentary: Asia needs catastrophe risk insurance pg 3 Insurgencies dampen relief operations pg 3 Asian travel industry remains buoyant pg 3
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  • TOP STORIES
    • 581 2  -  Benchmark index fails to two-month low after rising 13% last year By JEAN CHUA [SINGAPORE] After two straight years of gains, the Hong Kong stock market momentum appears to be petering out. The bluechip Hang Seng Index closed Friday 137.18 points, or one per cent,
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    • 894 2 Asia needs catastrophe risk insurance ASIA has relied almost totally on post-disaster funding to deal with natural calamities. It has not paid much attention to pre-disaster financial risk management in other words, to catastrophe risk insurance. When the next natural disaster strikes this region and it is a
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    • 494 2  -  By WONG WEI KONG [SINGAPOREI The Asia-Pa-cific loan market experienced a dramatic recovery in 2004, after three years of steady decline with the largest volumes since the period before the 1997/98 regional financial crisis. Nearly US$l36 billion in loans were
      Source: Basis Point  -  494 words
  • Page 2 Advertisements
    • 304 2 vs^^'H 1 8g Hull MBA -a®-- More than 3,000 distinguished Alumni in Singapore and Hong Kong x:^sni3Sf :i U.K. Ist Division University University Awarded 23 out of 24 points for Excellence in teaching by UK's Quality Assurance Agency of Hu More than 15 years successful track record in Singapore and
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    • 60 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:
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  • SINGAPORE MARKETS
    • 644 4  -  STOCKS R SIVANITHY Senior Correspondent LORD only knows what the work conditions must be like in local research houses these days. One can quite easily imagine poor analysts slaving feverishly in the hellish bowels of Raffles Place to churn out reports mostly "buy"
      FILE PHOTO  -  644 words
    • 463 4 CURRENCIES AFP [HONG KONG] Asian currencies ended the first week of 2005 lower against the dollar on expectations the US Federal Reserve will continue on its path of raising interest rates. Japanese yen: The yen fell against the dollar in trading in Tokyo as
      AFP  -  463 words
    • 58 4 Investor events to watch out lor Berger Intnl, EGM, Jan 11 Devotion Eco-Thermal, EGM, Jan 12 Roly Intnl's dividend payment, Jan 12 Ezra Hldgs's dividend payment, Jan 13 Thai Prime Fund's dividend payment, Jan 13 Mentor Media Bonus Issue Ex-date, Jan 14 Noble Grp, SGM, Jan 17 Noel
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    • 308 4 Payment Ei Books Pay Paymant Ex Books Pay (ctri data daaa data Itttl tatt dot <*« APB Breweries F 14N 31-Jan 03-f«b 16-fcb NamLaalOc F 1J0 07-Kb 1»fab 22-Fd) Asia DekorHK 15c RmbUTA 28-Oec 31-Dec 25-Jan Noel Gifts Intl 10c c 0.50 04-Jan 07-Jan 18-Jan Australand Prop JF
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    • 1375 4 The stock recommendation is the average of all th« recommendaftpns submitted by enalysts following the stock. There recommendation of 9i PI Target IS e loU#ef29 brokers submitting recommendations but not company EfHewHt ff) Mart ffl. every stock Is followed by all the 29 brokers. Their recom- 2 0.01
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  • Page 5 Advertisements
    • 147 5 t NEC IP ANOTHER DIMENSION IN IP SOLUTIONS W From the global technology leader with both telephony and networking know-how, comes a multidimensional IP solution. Our years of expertise in integrating voice and data enable a reliable, flexible pure IP architecture: UNIVERGE, which results in more efficient, competitive solutions. In
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  • COMPANY NEWS
    • 815 5  -  Credit profiles of local banks are converging, says Merrill Lynch By ANGELA TAN OVER the last few years. United Overseas Bank (UOB) has generated higher profitability and returns compared to rivals DBS Bank and OCBC Bank. But with structural changes at the banks
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    • 365 5  -  By JEAN CHUA FIRST, Panpac Media's listed subsidiary Auston International overstated profits in the last two years. Then, Panpac Media overstated the CV of its new chief executive. Over the weekend, Panpac Media said the CV of its new chief executive, whose
      365 words
    • 338 5  -  By RONNIE LIM ISLAND Power, which is planning to build a US$9OO million power station here, has "adjusted its schedule" due to the still-unresolved delay in gaining access to an existing Indonesian-Singapore pipeline. This would allow it to transport natural gas contracted from the
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    • 458 7  -  Company stepping up search for new non-executive chairman: officials By EDDIE TOH LISTED conglomerate Fraser and Neave (F&N) is set to separate the role of the chairman and the chief executive officer, and step up the search for a new nonexecutive chairman
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    • 796 7  -  HOCK LOCK SIEW By R SIVANITHY IF day traders were to gather after work lor a drink and to exchange views on the stock market, it'd be afair bet that much of their conversation would focus on the current rotational punting of small-cap stocks
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    • 278 7 LISTED properly developer Ho Bee Investments has agreed to sell two apartments at The Berth by the Cove the first condominium project on Singapore's tourist island of Sentosa to two related parties. The first option was granted to Ng Noi Hinoy for the
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  • SINGAPORE MARKETS
    • 1124 6  -  TEH HOOI LING Senior Correspondent THE first week of 2005 has been good to Singapore investors, with the local bourse rising amidst active trading. The Straits Times Index edged up 0.9 per cent while the UOB Sesdaq Index rose 2.2 per cent Our portfolios also
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    • 1119 6  -  INSIDE MARKETS A total of 365 repurchases worth $858 million were recorded in the second half of 2004, notes ROBERT HALILI ROBERT HALILI A TOTAL of 17 companies recorded 451 repurchases worth $866 million in 2004. The buy back activity was virtually non-existent
      Source: Asia Insider  -  1,119 words

  • Page 7 Advertisements
    • 590 7 Extend your global reach MP' j KEk wA 2jt-X Jf, wf Be a part of the International Enterprise Forum 05 2-3 February 2005, Raffles City Convention Centre, Singapore t The International Enterprise Forum (lEF) is an annual meeting of top minds on issues relating to internationalisation. Over the course of
      590 words

  • VIEWS FROM THE TOP
    • 1152 8 THIS WEEK S TOPIC Do you feel the government's proposed restrictions affecting local residents' access to casino gaming are excessive, just right or not enough? The restrictions proposed are about right, say two of the BT CEOs Club members writing in this week. Another feels there
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  • Page 8 Advertisements
    • 97 8 BT CEOs e-Club Members o| the B! CfcOs o C luh aio Singapore's top COipOiatO lt\ul(MS whom B1 editors would like to mtoiat t with in atmosphere o! informality and til 1st. Tins '(hit)' is a virtual one, with intiM.K tion mainly via e mail Luh week, wo will invito
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  • SINGAPORE NEWS
    • 481 9  -  Plans in pipeline to simplify legal process, improve court efficiency By JEAN CHUA THE legal profession in Singapore has become leaner over the years but there is still room to improve, according to the Chief Justice and the Attorney-General over tiie
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    • 109 9 DATE/ v j TIME B/ENT VENUE 10-12 Jan Conference on Human Grand Copthome 8:00 am Resource Management Hotel 11 Jan Seminar on Construction Orchard Hotel B:3oam and Property Prospects 2005 12-14 Jan Conference on Effectively Grand Hyatt Singapore 9.00 am Managing Your Internal Communications Programmes 13 Jan Seminar
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    • 111 9  -  LETTER TO THE EDITOR Rajan Menon Singapore w A* I REFER to the article by Andy Mukheijee, "Some disasters fuel growth; the Asian tsunami won't" (BT, Jan 5). fn my view, the conclusion reached by Ae writer could be the opposite if the relief and
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    • 283 9  - Licensing revenue from patents up 51 to $132m: A*Star By CHEN HUIFEN LICENSING revenue from patents and new technologies developed in Singapore grew 51 per cent to $132 million in 2003, according to a recent R&D survey by the Agency for Science, Technology and Research (A*Star). The findings, which were
      283 words
  • Page 9 Advertisements
    • 158 9 v L 4& \<» > 1 ompetitive th s era of ncr-ab" q globalization you'll need a world of difference "I- uCLA NUS Executive MBA program makes all the difference in the world. Six residential se r three qiooal oowerhouse business centers 'Los Anqeles. Shanghai and Singapore O'0. an intensive
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    • 1592 9 hpvh rm WBL CORPORATION LIMITED k jB (Incorporated in Singapore) (Company Registration No. *****0028Z) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 90th Annual General Meeting of the stockholders of WBL Corporation Limited will be held at 65 Chulia Street #50-00, OCBC Centre, Singapore *****3 on Friday,
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  • DINING OUT
    • 1580 10 Are hotel restaurants just that restaurants that happen to be run by hotels as a necessary part of their operations? Not any more. We look at some new hotel eateries that hope to become exciting dining destinations in their own right. Straits Kitchen Ground floor
      CHRIS LOH  -  1,580 words

  • ECONOMY WATCH
    • 751 11 Opposing viewpoints lead to price forecasts varying by a factor of four NYT [NEW YORK] You wouldn't expect to walk into a drugstore and find regular toothpaste selling for as much as US$6 a tube. You might be equally j surprised if the price dropped
      NYT; REUTERS FILE PHOTO  -  751 words
    • 372 11 Reuters [PARIS] An early warning indicator of the Organisation for Economic Cooperation and Development (OECD) shows that the US economic outlook weakened in November but prospects for the euro zone brightened slightly. The OECD said on Friday that the US' leading indicator, a forward-looking
      Reuters  -  372 words
    • 368 11 [NEW YORK] The US dollar rose last Friday to record its strongest week against the euro since the creation of the shared currency six years ago, the Financial Times said. The US currency was buoyed by an assurance from John Snow, Treasury secretary, that
      368 words
    • 328 11 Bloomberg [NEW DELHI] India's Prime Minister Manmohan Singh called on people of Indian origin to help raise US$l5O billion of investment in the next 10 years, saying the economy needs to grow as much as 8 per cent annually to reduce poverty. "India needs
      Bloomberg  -  328 words
    • 265 11 NYT Bloomberg [WASHINGTON] President Bush on Friday named two well-known former senators to head a bipartisan advisory panel on tax reform. He gave the group six months to come up with recommendations on how to make the income tax simpler, fairer and more
      NYT; Bloomberg  -  265 words
  • Page 11 Advertisements
    • 86 11 Where to wine, dine and entertain... TMi Wines <3 for all Occasions j Budgets Shop now for your Corporate Dinners, Lunar New Year, Weddings or for personal enjoyment. •r* ■l 1 Hi' T/iriqlin Shopping Centra r,-i n./</i.,-n 'K/*. '(/hsd/u -m Straits Kitchen (Tel: 6416 7114) I enjoy exclusive privileges this
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    • 84 11 Local Wok Delights Local Wok Delights Local Wok Delights Local Wok Delights Local Wok Delights Local Wok Delights Relish the full, fragrant flavours of our wok favourites. Popular dishes on the menu include wok-fried ostrich, stir-fried black pepper beef and wok-fried chicken. All served with rice and vegetables. Available weekdays
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    • 5 11 PooJ^lrW^ob^ifcngtnMal. Reservations raconvnandad'hl: 6131 4373.
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    • 57 11 I Raffles fountry Le frencd 'Restaurant Seafood Ravioli $10.50 Grilled Chicken $12.50 tj- Lamb Loin $18 11 Enjoy Garlic Bread, Salad Soup A'x at only $3 with every order of main course \\A fs\ "7 UjCj Le French Restaurant 450 Jalan Ahmad Ibrahim 1W: 6862 1838/9 Mon Id FH Lunch
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    • 53 11 MERITUS MANDARIN SINGAPORE BUFFET DINING AT ITS BEST Fresh oysters, delectable lobsters, savoury honey-glazed ham, US Prime Rib of Beef and many more mouth-watering dishes [T~ to leave you spoilt for choice. 5 Reservations: 6831 6271/72 5 MERIT US MANDARIN 333 Orchard Road, Singapore *****7. Tel: +65 6737 4411. Fax:
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  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • Article, Illustration
      672 12 Last week we took a look at some basic tips for job hunting. This week, we delve into the details of one of the most basic but often neglected skills of job hunting: resume writing VERY often, before an employer sees you, he will see your resume
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    • 822 12  -  CAMPUS LIFE KELVIN SAM takes stock of the sterling performance of three-time winners of SGX trading game KELVIN SAM ELWYN Chan, Ling Beng Chuan, Aaron Toh and Neo Horng Yueh are final year banking and finance students from Nanyang Technological University (NTU). They have just out-witted, outtraded
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  • Page 12 Advertisements
    • 252 12 Be smart with your finances FANCY becoming the next Warren BufTett or George Soros? Or even the famous Robert Kiyosaki? Then read on. The Young Investors' Forum, part of the BT-Citibank Tertiary Outreach Programme, isn't another dry page out of your financial textbook. To complement our editorial content, we have
      252 words

  • MALAYSIA/INDONESIA
    • 649 13 Third-generation scion Justin Leong makes waves at listed gaming firm [KUALA LUMPUR] Justin Leong Ming Loong's appointment as Genting's new head of strategic investments didn't attract much fanfare but it belies the significance of his entry into the group controlled by his
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    • 225 13 AFP (JAKARTA] Indonesia's efforts to stamp out endemic graft one of the main promises of its new President Susilo Bambang Yudhoyono have hit a snag with a shortage of judges willing to try high profile corruption cases. Supreme Judge Bagir Manan said
      AFP  -  225 words
    • 321 13 It will hold talks with govt to resolve dispute out of court Bloomberg. AFP [JAKARTA] A unit of Mexico's Cemex SA has agreed to suspend arbitration proceedings on the sale of an Indonesian government stake in FT Semen Gresik, and to have an
      Bloomberg.; AFP  -  321 words
    • 574 13  -  MALAYSIA INSIGHT S JAYASANKARAN KL Correspondent DURING the tenure of a former chairman of Tenaga Nasional, Malaysia's state-owned power utility, the company actually purchased a not inconsiderable number of thoroughbreds from Argentina. The horses now graze on the lush fields of Tenaga's
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    • 216 13 Bloomberg [KUALA LUMPUR] Malaysia's central bank said it will boost its repurchase operations in a bid to increase trading and pricing efficiency in the domestic bond market. Bank Negara will use more repos to manage excess cash in the banking system, and encourage bond
      Bloomberg  -  216 words
    • 1250 13 ThosBocfc recommendation is thaewerepe of eH the recommendetions submitted by analysis fetCMflng the stock. There ■qobmmmhon if *s K Tvgat isetotelof 29 brokers submitting recommendations but not company fc u*m*m ta bimmi CSl CVWy STOCK IS TOIKJWM Dy ail Tn€ £9 DHOMfS. I VHNf fwCOftl- mendetions ore
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  • GREATER CHINA
    • 455 14 His view that they have almost peaked sparks selling frenzy Reulers [HONG KONG] Are all bets off? Investors in Macau-con-cept stocks may be thinking of cashing in their chips after gambling magnate Stanley Ho's comments that the recent run was close to
      Reulers; Source: Bloomberg  -  455 words
    • 366 14 It will just buy Unocal's Asian assets: analysts Bloomberg [BKIJING] CNOOC Ltd, China's biggest offshore oil and gas company, may limit any acquisition of Unocal Corp to the US gas and oil producer's Asian assets because a full takeover would cost too much,
      Bloomberg  -  366 words
    • 281 14 Reuters IHONG KONG) The Hong Kong pensioner who blocked the US$3 billion IPO by the Link Reit may have until Feb 25 to decide on her appeal plans, fuelling more uncertainties in the property listing schedule. Sixty seven-year-old Lo Siu l,an filed
      Reuters; REUTERS  -  281 words
    • 223 14 AP [BEIJING] The authorities in southern China's Yunnan province have launched emergency measures to combat the spread of bird flu. This comes in the wake of neighbouring Vietnam this past week announcing two people dying from the disease, the government said
      AP  -  223 words
    • 156 14 AFP [BEIJING] The Beijing city government plans to restrict the fast-paced development of the capital's real estate market this year to stave off concerns the sector will overheat, state press reported. "It's necessary to restrict those areas which have blind and excessive construction," Xinhua news
      AFP  -  156 words
  • Page 14 Advertisements
    • 1410 14 jyp§ MFS TECHNOLOGY LTD The interconnect (Incorporated in the Republic of Singapore) Solutions Pro*** Company Registration No. *****9562R NOTICE IS HEREBY GIVEN that the Fourth Annual General Meeting of the Company will be held at 22 Tuas Avenue 8. Singapore *****7 on Wednesday, 26 January 2005, at 11.00 a.m. for
      1,410 words

  • INDIA
    • 345 15 BSE IndoNext set up for companies with capital of less than 200m rupees [MUMBAI] The Bombay stock exchange, Asia's oldest bourse, will add 350 small and medium-sized local companies, allowing more investors to buy the shares. Companies with not more than 200 million rupees
      AFP  -  345 words
    • 234 15 [MUMBAU India's capital market could flare up with public offers to the tune of 1,000 billion rupees (Ss3s billion) in three years, if the government and the Securities and Exchange Board of India (SEBI) undertake reforms and improve
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    • 377 15 PM appeals for investments to help erase poverty AFP. AP (MUMBAI] India said on Friday it would extend dual citizenship rights to people of Indian origin, fulfilling a long-sought wish of the country's vast diaspora. Prime Minister Manmohan Singh said dual citizenship would
      AFP.; AP  -  377 words
  • Page 15 Advertisements
    • 657 15 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER Of LAM ENG DEVELOPMENT PTE LTD Company Reg.No. *****1715G (In Voluntary Liquidation) NOTICE OF RESOLUTION At an Extraordinary General Meeting of the members of LAM ENG DEVELOPMENT PTE LTD duly convened and held at 3791 lalan Bukit
      657 words
    • 639 15 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF RISE TECHNOLOGY PTE LTD Company No: *****7252K (PROVISIONAL LIQUIDATORS APPOINTED) Statutory Declarations by directors of Company's inability to continue business by reason of its liabilities Name of Company RISE TECHNOLOGY PTE LTD Company No: *****7252K We,
      639 words
    • 492 15 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF HUA FU COMPANY (PRIVATE) UMfTED (In Members' Voluntary Liquidation) CoßegnNo: *****0017N At an Extraordinary General Meeting of the Company heid at 62 Cecil Street #04-00 TPI Building Singapore *****0 on sth January 2005, the following Resolutions
      492 words
    • 431 15 FORM 69 (3) (RULE 91) IN THE HIGH COURT OF SINGAPORE COMPANIES WINDING UP NO. *****4 of 2002 IN THE MATTER OF MEASUREX ENGINEERING PTE LTD (IN LIQUIDATION) NOTICE OF INTENDED DIVIDEND Name of Company MEASUREX ENGINEERING PTE LTD Registered Office 994 Bendemeer Road #05-03 Kallang Basin Industrial Estate Singapore
      431 words
    • 341 15 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SAILSPIRIT (SINGAPORE) PRIVATE LIMITED (PROVISIONAL LIQUIDATORS APPOINTED) REG. NO. *****3366Z STATUTORY DECLARATION BY DIRECTOR OF COMPANY'S INABILITY TO CONTINUE BUSINESS BY REASON OF ITS LIABILITIES Name of Company SAILSPIRIT (S) PTE LTD Company No *****3366Z The
      341 words
    • 692 15 To advertise call toll-free 1800 289 8822 Email: notkes@si ASIA DEKOR HOLDINGS LIMITED (the "Company") (Incorporated in Bermuda) NOTICE IS HEREBY GIVEN that a SPECIAL GENERAL MEETING of the Company will be held at 3302, 33rd Floor, Tower One, Lippo Centre, 89 Queensway, Admiralty, Hong Kong on 2 February 2005
      692 words
    • 143 15 IN THE MATTER OF CONTERM FREIGHT (FAR EAST) PTE. LTD. Co. Re K n. No 1M70.174KM (InVoluntary Liquidation) NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act. Cap. SO. that a Final General Meeting ot the members of the above mentioned Company will be held at the
      143 words
    • 141 15 NAYANAKORN INVESTMENT PTE LTD Co. Reg. No. *****8309G (In Members' Vol. Liquidation) Final Meeting NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act (Cap. 50) that the Final General Meeting of the Members of the abovenamed Company will be held at the Office of M/s Wee Seng
      141 words

  • ASIA-PACIFIC/WORLD
    • 629 16  -  Japan has not lost out to China in new production model, says Jetro report By ANTHONY ROWLEY in Tokyo NEW patterns of industrial production are developing in Hast Asia and, as a result, Japan is re-emerging as the base for certain
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    • 231 16 Reuters [TEHRAN] US oil services company Halliburton, whose operations in Iran have come under investigation by US authorities, has won a tender to drill a huge Iranian gas field, an official said yesterday. A US grand jury issued a subpoena to the Texan firm in
      Reuters  -  231 words
    • 512 16 RETIREMENT PAY But she will not receive any bonus for 2004 NYT [LONDON] The Royal Dutch/Shell Group said last week that Judith Boynton, who was demoted as chief financial officer last year after a sharp write-down in oil reserve estimates, left the company last
      NYT; Photo: Bloomberg  -  512 words
    • 817 16 NYT [NEW YORK] Executive retirement pay is in the spotlight again, thanks to the controversial departure of Franklin D Raines from Fannie Mae, the mortgage giant that is mired in an accounting scandal and criminal investigation. Despite Fannie Mae's woes, its board allowed Mr
      NYT  -  817 words
    • 320 16 NYT (NEW YORK] Pity Sammy Sosa. If the Chicago Cubs dump him after his contract expires this year, the struggling slugger will receive only a US$4.5 million buyout payment and US$3.5 million in severance. True, his send-off would be more lucrative than the one
      NYT; BLOOMBERG  -  320 words
  • Page 16 Advertisements
    • 20 16 Lianhe Zaobao lls there I life I yet in I I hotel I I stocks? I I I I I
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    • 236 16 CaDtoll-fret **********2 IN THE MATTER OF THE LAND TITLES (STRATA) ACT CHAPTER 158 AND IN THE MATTER OF THE MANAGEMENT CORPORATION STRATA TITLE PLAN NO. 2256 PALAZZO COURT Notice is hereby given that at an Extraordinary General Meeting of this Management Corporation duly convened and held at 1 Kim Seng
      236 words

  • WORLD
    • 733 17  -  WALL STREET INSIGHT Fourth quarter earnings could be tipping point, strategists say By ANDREW MARKS in New York US stock investors celebrated the start of a new year by selling and pocketing some of the previous year's profits, as Wall Street embarks on
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    • 419 17 Enron, WorldCom directors settle suits with own cash NYT {WASHINGTON] Being a corporate director just ain't what it used to be. Former directors of both Enron and World Com last week agreed to dip into their own pockets to settle shareholder suits alleging
      NYT  -  419 words
    • 263 17 AFP [WASHINGTON] The selection of candidates for World Bank chief took an unexpected turn last week, after the favourite, US Trade Representative Robert Zoellick, was nominated to be No 2 in the State Department. Mr Zoellick, 51, was chosen by President George
      AFP  -  263 words
    • 174 17 Reuters [LONDON] British bank Barclays pic has held merger talks with US bank Wells Fargo that could create a financial giant worth about US$ 180 billion, Britain's Sunday Express newspaper reported. The report, citing sources close to both banks, said talks took place in October
      Reuters; BLOOMBERG  -  174 words
    • 261 17 NYT [NEW YORK] Internal UN audits of the so-called oil-for-food programme in Iraq criticise the office led by a former top aide to secre-tary-general Kofi Annan for failing to adequately supervise and audit the companies hired to inspect the oil moving out of Iraq
      NYT  -  261 words
  • Page 17 Advertisements
    • 145 17 ASM-PACIFIC IIiCITIVE Prtirw llimiihts Top ranked as a fully Asian Opportunity a focus tf\k V segments Two residential segments 12 China 1 fi MgyttiM ■iMiMlrnmnntir MIHIIvvIvIV Degree Minimum 10 years'full-time work experience, preferably in management position Program Fees BTiKTiI I k1 11 i H1 sssB,ooo* Tuition fee covers instruction, residential
      145 words
  • Page 17 Miscellaneous
    • 373 17 CRYPTIC CROSSWORD 1 Brandy peer is offering drunken clergyman 10 Makes merry, after Left replaces MO I Right, in beer drunk in crates (10) 11 He makes capital investment, I which may be great!" boasts French detective, quite improperly (7) 12 I 113 I I J I I 16 The
      373 words

  • AVIATION
    • 618 18 Indian carrier says fund will be largely used to buy new aircraft AFP [NEW DELHI] India's largest private airline, Jet Airway*, announced plans to raise some US$342 million largely to buy new aircraft by floating 20 per cent of its share capital in
      AFP  -  618 words
    • 356 18 Reuters [LONDON] Easy Jet founder Stelios Haji-loannou says he has no intention of selling down his stake in the low-cost airline and played down the possibility of Icelandair making a takeover bid. Mr Haji-loannou also said he was not satisfied with
      Reuters  -  356 words
    • 1357 18 Dhaka SQ435 0405 SQ436 1850 l,nHiril» SQ323 0645 KL838 2330 <758 1*10 KK37 1535 SQ324 2345 Dakai S0403 0715 BC34J 0010 $0348 0100 SQ455 1235 BC405 0220 AacMnd EK405 0105 EK404 1500 EK433 0146 EK432 2100 SQ* 04 SQ2S2 1535 SQ285 2100 fraakfcrt SQ25 0650 SOB*
      1,357 words
    • 378 18 AP [CHICAGO] United Airlines is at a crossroads in its 25-month-old bankruptcy restructuring as it intensifies efforts to rework its union contracts in hopes of wringing out more labour-cost savings. Negotiations continued last week between United and unions representing its flight attendants
      AP  -  378 words
    • 878 18 [LONDON] The gold standard of the pound is long forgotten and now die supremacy of the greenback has been surpassed. The world has a new global currency airline frequent flyer miles, which have a greater total value than dollars, euros, pounds or yen,
      878 words

  • SHIPPING
    • 501 19  -  They tap oil spill response resources kept in S'pore base to deliver aid By DONALD URQUHART {SINGAPORE] An alliance of international oil majors has joined global tsunami relief efforts in Indonesia by tapping emergency oil spill response resources it keeps on standby
      501 words
    • 221 19 Reuters [BEIJING] Ports in north. and east China are jammed by ships carrying iron ore, with vessels waiting as long as two weeks before being allowed to berth, industry and pqrt officials said. The £requ»«tardy als are partly due to buyers wanting
      Reuters  -  221 words
    • 70 19 [CAIRNRYAN, Scotland] The P&O European Highlander ferry being examined by a fireman after it ran aground in a storm offCairnryan in south-west Scotland on Saturday. The coast guard said tugs were scheduled yesterday to shift the vessel, which got stuck just 100 metres from its intended berth.
      AP  -  70 words
    • 335 19  -  By DONALD URQUHART [SINGAPORE] German liner company Hapag-Lloyd has joined the race for very large containerships with a new order for three 8,600 super post-panamax container ships from Hyundai Heavy Industries. With steel prices at historical highs and shipyards still enjoying fat order books
      335 words
    • 416 19  -  By DAVID HUGHES in London THE shipping industry is opposing plans by the Panama Canal Authority (ACP) to change the basis of charging container ships for transiting the canal which will result in what is seen as steep increases in fees. The canal
      416 words
    • 292 19 SGX '000 tan 7 St W- Vol CH Offshore 0.41 unch 669 Chuan Hup 061 -0.01 1103 Cosco Corporation 1.22 -0.01 8917 CWT Distribution 0.66 -0.02 9 Ezra Hldgs 1.17 0.04 604 Freight Links 0 09 unch 13S1 Grand Banks Yacht 1.00 -0.01 35 Java Holdings 1.02 unch
      292 words
    • 238 19 AP [CANBERRA] A sea search resumed yesterday for a 24-year-old man who apparently jumped overboard from a passenger cruise ship off the Australian east coast the day before, police said. The man, from Victoria state, was spotted briefly in the water near
      AP  -  238 words
  • Page 19 Advertisements
    • 31 19 I Get a Leading Edge Your sailing schedules get wider attention in The Business Times shipping pages Call Joe Wong at 6319-2062 or Bernard Ong at 631 9-1 645 Shipping Hmes
      31 words

  • 11171 20 STRAITS TIMES INDEX STOCKS Stodi imm Wl dm Oimy Stodi iwm Wt Ocm Chang* Allgretn 50c 032 1.170 *0.020 NOL 2.10 3.020 -0.020 BIHnt)US20c 0.44 0.960 -0.005 OCBC 10.08 13.900 *0.100 CaprtaLand 1.40 2.160 *0.020 Partway H 25c 0.69 1.520 -0.040 Chart SemiCond 26c 0.71 0.965 -0.005 Propte'i
    11,171 words

  • FINANCE & COMMODITIES
    • 2996 21 MORGAN STANLEY CAPITAL INTERNATIONAL INDICES iMaiarr Hit* MIHS 6/ yr %4t ftf *f ttni md«K cMmi o>n» omm o*n» a»n an 844.7 0.1 Si 42 U 41 10.1 ttsmm 1» 71* 03 >0.7 -03 111 42 1M HM2 0.4 105 -04 1V4 43 14.7 j** I m m m M
      2,996 words
    • 933 21 COMMODITIES: WEEKLY ROUNDUP AFP [LONDON] The price of gold and other metals fell sharply last week as the dollar clawed back. Meanwhile oil prices climbed as supply worries resurfaced. The .Commodities Research Bureau's index of 17 commodities dropped to 281.16 points on Friday from
      AFP  -  933 words

  • Page 22 Advertisements
    • 1646 22 1 TO USA/CANADA 1 I EXPORT 1 I OTHER DESTINATIONS 1 VBSE VOT PKG pASW|U)WGIWUIAS|HOUSTOW|WHWPHR Q#CAGO| MtWYOMT]| TO AUSTRALIA (AUSTRALIA ASIA EXPRESS) PIORBXLOYOKORE 4SEO2 11/01 12/01 21/01 03/02 04/D2 02/02 02/02 05/02 yjssn ygy n»SM KG —M MB —$YO~l Mfl AM LOSANGEIES EXPRESS lIEO3 18/01 19/01 I 04/02 \W 11/02
      1,646 words
    • 888 22 XTWIASiA KOKOIWVKI YBsa/vor ramukti hbghtw ntc kh m m jkt STRAITS VENTURE 01/05 IS 12 13/01 16/01 11/01 STRAITS KNTURE 02/05 IS 3.2 20/01 23/01 27/01 30/01 01/02 STRAITS VENTURE 03/05 15 3.2 03/02 05/02 10/02 13/02 01/03 WHT AHA/11NOAL KOKO »V» VBSa/VOT >AW<IT) HBCHT(W) TOK KH KHH Witt I
      888 words

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    • 637 23 -4..' H»«Mp»hlwHMifji|iiitK I For Schedules, BL Scorches, and Container Tracking, visit on our Home Page: www.molsin.coiTi.*^ www.honihufgsud.tofl) AttfSaVKHgttT) Ink* Bwfc*tttMW ■SAKtaviqpxrqgi HrthKimmi-MM SMGAPOtE MJttAM SM6APOIE DUtIAM CAff TOWN BUDKK AJtH MOtfTIVnCO UMTTK aau rg "TTg (■(AfcOIOW a/01 IMB tmfmtmrn Hfll 11/0? IVW 2VW V/Vl 01/B3 majtq fQmftm Jdmm+q Im Omtm)
      637 words
    • 1098 23 VBSa w J»_ J*T_ _MKG_ Jffl JC_ _KYH_ _pus_ vbSft VOY sin jkt sub hkg usw pus HYWIOM OWS 13/1 IS/I 20/1 22/1 24/1 24/1 24/1 KMTC SHANGHAI SOIS 14/1 lt/1 20/1 25/1 29/1 30/1 HY VLADIVOSTOK IS3S 20/1 22/1 27/1 29/1 31/1 7/7 7/7 KMTC POUT KEIANG SOU 23/1
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    • 189 23 Q«martrans (8) Pte Ltd GEMARTRANS OMRATOR COOK "OT CM NO: iMtTMOOOOR ™V mHOOOMITK: MX: MOWOK IBIOUt tm*BU 9t9M911/ «Z21»110 KUAU LUMWJW <M| OMOIIW *****102 vKsa Ivor hi fia MXM MM 10/01 13/01 COUeiGAII 434N 11/01 14/01 MMARfItANS nOMBI 2SM 11/01 14/01 PHAI 24N 12/01 16/01 SATAN STU UN 12/01 IS/01
      189 words
    • 907 23 Sj WEEKLY EXPRESS SAILING SCHEDUIt ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICD POINTS VtSStl VOY SIM MLAMcI COtOIMO N. SHIVA COLOWO —mam ml mm jm mjah iimm nm tUKGAHDHI 0089W IQJAH I? JAN IS JAM 18 JAN 21 JAM JOJUSt QOSW 1/ JAN 19 JAN 7? iAN 25 JAM
      907 words

  • Page 24 Advertisements
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      747 words
    • 1359 24 SIM POU VKSB XQI SH *1 pu lAMDA 13I1N 11/0) 11/01 AUMMTA2 ISM 1141 UZM ret 2301 (XHIP n/01 12/01 Pt( HMTAM JH2 13/01 liZftJ PAC lANDA 1312N 12/01 13/01 »tMU 414S li/Jj IZ/J1 CSf 2301 0082P Li/fil 15/01 AUMJATA2 1931 U/01 20/01 pac »AMD* i3«M Lizoj H/4l— PAC lANDA
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    • 652 24 BSA x i MYANMA n FIVE STAR LINE (Myanmor National Line) Loading for Yang or VESSEL VOY SIN PKI PEN PGU PAGAN 3MW SID SID HPA-AN J3OW SID IN MALAYSIA: lOUSTEAD SHIPPING AGENCIES KUI/PKL 03-*****388 PEN: 04-*****15 ACCEPTING CONVENTIONAL C6O. HKG SIN HKG SIN PGU PKI KUC CRYSTAL HEART 16
      652 words

  • Page 25 Advertisements
    • 1215 25 IV«rm /T f\ Spare Agents lAI Skipping Ageacy (S) Pit ltd (CR NO: I6S*****000Z) VJ 1 180 CeolStreet, *11 03 Bangkok Bank Building. Singapore *****6 CTHteraSia -J« i-HPS Tel 63?3 6466/77 Fax: Website: www.ialtratiiliiti.CM VPSa VOY OSK KOt SMZ TYO YOK HKG PKI SGP VBSB 1 wTjilßLlSTw^oSnSo^aM^n^TO^ MOl OASIS 5262
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    • 339 25 I Tp T CARRIERS Mil MYAMMAtIIWM HIYKE WIIKIY HUP BAY SAI 1116 SINGAPORE fO«I HAMt YAHOOH vtssa <oy sm m w YANGONSTAR ]79H 11/0 ITU 13/01 Ml 17/01 MOM TAMOONSTAR 371N 23/01 SIM 25/01 Till 20/01 SAT YMIGON STAR ***** 04/02 WH o*/0» SUM 10/02IWU YANGONSTAR 373N U/02WEP 11/02 HM
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    • 1326 25 /~g~ I lIVICC MAIN: TIL *221-1333 FAX: 6221-5272 /rn lUb LI 111 CO mru pn OKTOMEXSaVKt-TU: 4221-5594 FAX: 4227-1190 /U€mJ( SINGAPORE: JONG JOO SHIPPING PTE LTD CB NO l 3766M0000C kookwgs&tjs.coM.sg VfcMtc www+Mms.cni tICUIAt COMTAmHIfIi SltYKlf TO MAUYSUW Itttlltl, MYJUMMI M» VIETNAM Ivbsb Ivor Iras* Ikh Imp vrsb [vot Imsw
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      483 words

  • THE BUSINESS TIMES SHIPPING TIMES
    • 6767 26 This ETA m HiaMa VMMi Very* T«£p£we |TJ Adwthf M Voyya T <^ptaM MHBMMNNfflRNRMRMMMBMMMMRBnWRMMBHBMMRMBBMMMlSMMI BRMRRiRMMMMRMMBRtM4<MBBRMBMBMBRRMBMRBBBBMBI*S®aSBMMi 18/01 25/01 Gemartrans SAIPAN STAR 12N *****662 16 ABIDJAN (ABJ) 2003 CataO'lVOira 18/01 25/01 POZ/TJS MUARAMAS 437 *****333 17/01 26X12 China Shpg DUBAI WORLD 2036W *****89* 19A1 22A)1 Rickmers
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  • Page 26 Advertisements
    • 95 26 One-Stop Shipping Services Ship Registrations i Ship Classifications Radio Accounting Tuvalu, Mongolia, Panama, Quality, Safety, Security SorvlCSS Belize and many other flags I Surveys and Consultants Accounting Authority RSO6 H* Most competitive fees low taxes 24-hour efficient service, 365 days a year Worldwide network of surveyors No restriction on nationality
      95 words

  • BizIT
    • 613 27  -  <you say> The technology they adopt must be self-maintaining, easy to manage and deliver cost advantages PHILIP WEE THERE may just be a few hundred of them in all of Asia, but the decision they make have a major impact on their
      613 words
    • 464 27 AFP [SEOUL] South Korean scientists said last week they had developed the world's smartest robot it's able to think and learn like a human. Unveiling their creation, they said the robot that looks like a small teenager wearing a blue and grey space suit
      AFP; REUTERS  -  464 words
    • 534 27 Reuters [LAS VEGAS] Online auction company feßay Inc has unveiled an initiative to join personal computer makers and their environmental critics in an effort to recycle more of the up to 400 million electronic products thrown out every year. eßay plans to
      Reuters  -  534 words
    • 274 27 CREATIVE Technology wowed crowds and judges at the just-concluded Consumer Electronics Show (CES) in Las Vegas, winning a "Best of CES" award and getting plenty of attention for its latest digital devices, according to reports coming out of the premier industry event. Creative's Zen
      274 words
    • 269 27  -  By AMIT ROY CHOUDHURY CASHING in on the proliferation of digital cameras and camera phones in the market, Microsoft has announced the availability of its latest photo organising and editing software in Singapore. Digital Image Suite 10 is an improved version of its
      269 words
    • 236 27 Reuters [SAN FRANCISCO] Advanced Micro Devices Inc (AMD) last week introduced its Turion brand of notebook computer chips, a name it hopes will evoke the open road as the company aims to make headway in a market where it lags. AMD has
      Reuters  -  236 words
    • <what's up>
      • 81 27 TWO country subsidiaries of Canon Singapore, which is Canon Inc's headquarters for its South and South-east Asia region, now have local nationals in top management positions for their respective offices for the first time. Liew Sip Chon, a Malaysian, was promoted to president and CEO
        81 words
      • 88 27 MAXTOR a new storage solution for small office users (Soho). Called Maxtor Shared Storage solution, it lets Soho users organise and share data, photos and music on a wired or wireless network. It can be installed quite simply with automatic network configuration. It also comes with Maxtor's
        88 words
      • 81 27 SINGAPORE-BASED data and voice communications provider Aztech Systems has released a new series of walkie-talkies for professional users. Called the PMRSOOO Walkie-Talkie series, it has a communication range of up to 4.5 km in open space, it has 38 sub-channels or "privacy codes", giving users
        81 words
      • 106 27  -  Compiled by CAROLYN QUEK GOOD news for Mac users: Microsoft PC has introduced Microsoft Virtual PC for Mac Version 7. Virtual PC is essential for Mac users who sometimes have to run Microsoft Windows and work with PC-only software, files or devices
        106 words
    • 947 28 BT exclusive The telco says S'pore might see the world's fastest 3G adoption rate. Motorola's Scott A Durchslag tells AMIT ROY CHOUDHURY why he is so bullish US electronics giant Motorola is strongly bullish about the success of third generation (3G) mobile telephony
      947 words
    • 356 28  -  By LIZA LIN SINGAPORE'S single tape drive market is expected to weaken due to the shift of investments towards low-cost disk storage systems, research firm IDC said on Friday. According to IDC, the Singapore market for branded single tape drives is expected to increase
      356 words
    • 229 28 WHICH of Singapore's three telcos will emerge as the winner in the impending 3G tussle in Singapore will depend a lot of the kind of applications they can provide to customers, say market analysts. The new third generation mobile phone service offers a number of
      229 words
    • 417 28 LAT-WP Microsoft Corp announced last week it is giving away software designed to help protect Windows users from spyware, one of the newest and fastestgrowing of Internet annoyances. The release marked a new foray for the software giant and prompted several analysts to suggest the company
      LAT-WP  -  417 words

  • Page 28 Advertisements
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      67 words
    • 12 28 YOU SAY The changing role of the CIO in Asia. PG 27
      12 words