The Business Times, 11 January 2005

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Total Pages: 30
1 30 The Business Times
  • 15 1 THE BUSINESS TIMES MICA (P) 023/03/2004 SINGAPORE 85 cents inline at http://biisiness-times.asial.com.sg Tuesday, January 11,2005
    15 words
  • 552 1  -  By CHUANG PECK MING [SINGAPORE] Investments in Singapore's manufacturing sector hit $8.3 billion last year, bettering expectations even though foreign commitments slipped. And despite a weaker US dollar, a stronger European currency and higher oil prices, the Economic Development Board said yesterday that manufacturing
    Source: EDB  -  552 words
  • 135 1 Dsn 2489.68(44.10) ST INDEX FUTURES 2,***** (unch) siMsa *****(40.15) SIMSa FUTURES 249.00 (-0.40) MARKETS Monday Change K13EC0MP MM2 +2.74 NKKEI225 dosed HANG SENG 13.531.39 -43.47 SET INDEX 696.03 -1.81 JAKARTA COMP 1.015.478 -17.047 MANILA COMP 1,840.47 -11.31 SEOUL COMP 874.18 +3.34 SHENZHEN B 230.42 +0.97 BOMBAY IND 6,308.54
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  • 43 1 TOP STORIES... PG 2,3 COMPANIES ...PG 4-7 MARKETS PG 6 SINGAPORE.. PG 9,10 ECONOMY PG 12 M'SIA/INDON.. PG 13 CHINA..... PG 14 INDIA PG 15 WORLD PG 16,17 AVIATIONPG 18 SHIPPING PG 19 LETTERS PG 21 STOCKS PG 22,23 PROPERTY.. PG 28-30
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  • 634 1  -  But S'pore market looks likely to retain second place in profit contribution for now By SIOW LI SEN [SINGAPORE! Standard Chartered Pic yesterday agreed to buy Korea First Bank for US$3.3 billion, the biggest acquisition in the bank's history and a deal
    634 words
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    • 23 1 TSUNAMI AFTERMATH Thailand, Indonesia slowly picking up the pieces PG 3 •-sB|ePL^ 'JPK. Singapore 85 cents online at httpi 111 8 '*****1 *****4
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    • 10 1 TSUNAMI AFTERMATH ReUef fund: what's needed, and what's not PG3
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    • 143 1 TROUBLE AT CAO SGX chief's comments reassuring; IPO players PG4 B PROPERTY Market implications ofEngCheonglbwer Maxi Marine Diver 266-33-3/92 'fl K .^^/^^■pS^vvmJßL.aitfi Conquering the Oceans Maxi Marine Diver with official rating certificate issued by the Swiss Official Chronometer Testing Institute. Self-winding movement with gold rotor visible through exhibition case back.
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  • TOP STORIES
    • 633 2  -  This would include preferential national treatment and market access By JOYCE KOH [SINGAPORE] Indian banks here may soon find it easier to expand into the local market, if a bilateral agreement to allow preferential national treatment and market access for
      633 words
    • 730 2 IPO players hail SGX's appetite for China firms SINGAPORE Exchange chief Hsieh Fu Hua's comments that the local bourse remains committed to courting China companies notwithstanding the China Aviation Oil debacle are reassuring, IPO market players said. Mr Hsieh also said the SGX was not currently considering a
      730 words
  • Page 2 Advertisements
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  • TSUNAMI AFTERMATH
    • 551 3 Paris Club countries also mull debt moratoriums for Indonesia, Sri Lanka AFP. Bloomberg [WASHINGTON] US Secretary of State Colin Powell said on Sunday that not all of the tsunami aid funds were being spent and that the world should not flood the
      AFP.; Bloomberg  -  551 words
    • 460 3 Reuters, AP [THAILAND] Thailand is going back to the beginning in the arduous task of putting names to the more than 2,000 unidentified people killed by the Indian Ocean tsunami, including exhuming hundreds of bodies, officials said yesterday. Two weeks
      Reuters,; AP  -  460 words
    • 222 3 [SINGAPORE] Singapore yesterday shipped seven tonnes of medical supplies to tsunami-ravaged Sri Lanka, as part of the republic's multimillion dollar response to the crisis. The consignment contained surgical tools, face masks, disposable syringes, wound dressings, thermometers and other emergency medical
      REUTERS; BRYAN NEIL VAN DER BEEK/ST  -  222 words
    • 482 3 M'sia to set up tsunami warning system along coast AFP. AP [TOKYO] In the wake of Asia's tsunami disaster, Japan plans to create an independent earthquake and tsunami monitoring network that would stretch from East Asia to the Indian Ocean, a daily
      AFP.; AP  -  482 words
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    • 63 3 «|p 1. .ar |R Pfl P IP^3Ssra?r |^r v if /^hL/ f 8 .~n x '1L -f 9 f >dr —♦Ml T 'v "f J 1| xJ IMP actually own a Patek Philippe. You merely look after it for the next generation. The new, larger Calatrava with the unique Patek
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  • COMPANY NEWS
    • 556 4  -  TROUBLE AT CAO China Aviation debacle has not deterred it from wooing Chinese companies By KENNETH LIM SINGAPORE Exchange chief Hsieh Fu Hua's comments that the local bourse remains committed to courting China companies notwithstanding the China Aviation Oil debacle are reassuring,
      FILE PHOTO  -  556 words
    • 257 4 THE Securities Investors Association of Singapore (SIAS) reaffirmed its call to shareholders of China Aviation Oil to await the outcome of investigations and a debt-restructuring plan even as lawyers in a class-action suit said they have received 20 to 30 inquiries. SIAS president David
      257 words
    • 308 4  -  By RONNIE LIM THE green light has been given for the Horizon oil terminal project to proceed on Jurong Island. Emirates National Oil Company (ENOC) its main driver has confirmed other partners to replace beleaguered oil trader China Aviation Oil Singapore (CAO) which dropped
      308 words
    • 789 4  -  HOCK LOCK SIEW By VEN SREENIVASAN A good strategic fit between two companies which are familiar and comfortable with each other. That is how Janet Tan, the founder and chief executive of ASonic Aerospace, and Thomas Tay the chief executive of Air Ocean Group, described
      789 words
    • 474 5  -  Oei Hong Leong holds 29.42% of JEL through Chip Lian investment vehicle By ANGELA TAN SUBSTANTIAL shareholder Ishikawajima-Harima Heavy Industries (IHHI) has proposed to acquire the core businesses of Jurong Engineering Ltd (JEL), a mainboard-listed company in which tycoon Oei Hong Leong is
      474 words
    • 408 5  -  By KENNETH LIM DESPITE a $1.2 million net profit at the nine-month stage, Serial System yesterday warned of a loss for the full year ended Dec 31, 2004, with its chief executive Derek Goh saying that a Korean customer has delayed
      408 words
    • 152 5 Following the completion of the merger of the massmarket TV operations of Singapore Press Holdings and MediaCorp, SPH Media Works yesterday sought a court order for its windup. Pending the hearing of the wind-up petition, the High Court has appointed three partners of
      152 words
    • 271 5 Bloomberg SINGAPORE Technologies Engineering, South-east Asia's biggest defence company, said surging fuel prices may force the region's airlines to outsource maintenance work, giving it more service contracts. Rising "fuel cost, labour pension and interest rate issues will possibly force carriers to concentrate on
      Bloomberg  -  271 words
    • 561 5  -  Planned briefing by Sunningdale sparks market speculation By KENNETH LIM SUNNINGDALE Precision Industries' planned holding of a briefing for the media, analysts and fund managers today on "a significant corporate announcement" has renewed speculation it would be unveiling a merger with prominent dealmaker Koh Boon
      FILE PHOTO  -  561 words
    • 627 7  -  Move for bank stake in Pakistan part of its wider interest in Asia By JOYCE KOH WITH Temasek Holdings' appetite for regional banking assets showing no signs of abating, market watchers say its latest plan to buy a stake in a Pakistan bank is simply
      627 words
    • 577 7  -  Thomson Medical, which plans to expand overseas, is seeking a Sesdaq listing By CHEN HUIFEN TO Dr WC Cheng the man most famous for delivering Singapore's first triplets by in-vitro fertilisation life is about maximising to the fullest potential the set of genes one
      577 words
    • COMPANY BRIEFS
      • 64 7 THF Concorde Hotel, owned by privately-held Avant Hotels (Singapore), is now the Holiday Inn Atrium. The Havelock Road hotel is now being managed by Intercontinental Hotels Group Asia Pacific, which also runs the Holiday Inn Park View in Orchard Road and the Intercontinental Singapore in
        64 words
      • 58 7 IT services company Datacraft said it has completed a US$800,000 IP telephony project for a global express and logistics industry leader, and is now working closely with the customer to implement the technology across its regional network. Datacraft said its customer was pleased with the
        58 words
      • 36 7 FUNG Choi Printing and Packaging Group said it has appointed Sonny Tan Hock Sun as an alternate to l)r I Ian Cheng Fong on its audit and remuneration committees.
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      • 60 7 BBR Holdings said wholly-owned subsidiary Singapore Piling Civil Engineering Pte Ltd has been awarded a contract by the Land Transport Authority of Singapore for the upgrading of vehicular bridges at seven locations. The contract is worth nearly $5.7 million for a
        60 words
      • 128 7 PKiMKNT and agrochemicals maker Meghmani Organics said it has acquired a label registration to market its pesticide product, Permethrin Technical 98.5%, in the US. The label registration, acquired from BASK Group subsidiary Micro Flo Company, cost US$ I ()(),(>(X). The registration will allow Meghmani
        128 words
      • 115 7 STANDARD Poor's Asia-Pacific Kquity Research Services said it has downgraded Kraserft Neave 1 foldings Hhd to a "hold" from a "buy" after the share reached the research firm's 12-month target price of RM5.20. SAP director Sharon Wong said that while the earnings prospects remain
        115 words
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  • Page 5 Advertisements
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  • SINGAPORE MARKETS
    • 541 6  -  STOCKS Mood more subdued although STI continues its climb towards another multi-year high TEH HOOI LING Senior Correspondent AFTER a superb first week in the year 2005, the Singapore market appears to be turning a little circumspect. Although the Straits Times Index continued to push
      Source: Bloomberg  -  541 words
    • Article, Illustration
      914 6  -  Compiled by JOYCE KOH Zhongguo Jilong Jan 10 dose: 21 cents SAP'S EQUITY RESEARCH. Dec 8 S&P Asia-Pacific Equity Research Services estimates a fair value of $0,258 per share based on a combi"UK® 1 counted cash flow model to arrive at an intrinsic value of 550.274, while our
      Source: Bloomberg  -  914 words
    • 507 6  -  CURRENCIES LARRY WEE Senior Correspondent THE US dollar ended a week of gains with a further sharp advance against its major counterparts last Friday, although corresponding gains versus Asian currencies continued to be more modest. Coming on top of hawkish-sound-ing warnings about US price pressures
      Source: Reuters  -  507 words
    • TRADES TO WATCH
      • 151 6 PACIFIC Andes Holdings' substantial shareholder Clamford Holding exercised 75.7 million warrants on Friday last week, raising the deemed shareholdings of four Pac Andes directors to 64.68 per cent from 59.53 per cent. The warrants, exchangeable for one Pac Andes share each at a strike price
        151 words
      • 75 6 KING Wan Corp executive chairman Chua Kim Hua bought 3 million shares on the open market yesterday, and now has a 10.64 per cent stake from 9.72 per cent previously. The shares were bought at about 10 cents apiece, on par with the stock's
        75 words
      • 157 6 HONG Fok Corp said three directors and a substantial shareholder saw their stakes increase after privately held Goodyear Realty Co bought 595,000 shares on the open market on Friday last week. The shares were bought at 24.5 cents each, and raised Goodyear's stake to
        157 words
      • 109 6  -  Compiled by KENNETH LIM SOUTHERN Packaging Group's top couple saw their combined stakes increase after chief executive Pan Shun Ming bought another 1.2 million shares yesterday, investing 24.5 cents apiece through open-market transactions. Mr Pan Shun Ming's direct stake in the company was raised
        109 words
    • Article, Illustration
      426 6 OTHER SINGAPORE INDICES Jan 10 VALUE CLOSE BT OB/OS 541.00 -132.00 BTCAPI -*****.00 -63.00 BT 10-day MA -*****.00 +54.00 Alt-SG Equities 537.92 -0.40 SG Equities Elect 160.35 -0.66 SG Equities Fin 1645.87 +6.08 SG Equities Prop 527.96 +0.34 SIMSCI 248.54 +0.15 SiMSCI Futures 249.00 -0.40 MOST ACTIVE STOCKS VOLUME UniFiber
      426 words

  • Page 7 Advertisements
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      54 words

  • SMALL CAPS
    • 395 8  -  By TEH HOOI LING BOTH the Straits Times Index and the UOB Sesdaq Index put up a good showing for the week to yesterday, gaining by 0.8 per cent and 0.9 per cent respectively. But our portfolio did better. It rose 1.3 per cent bringing
      395 words
    • 815 8  -  Its performance as a listed company has yet to match its overseas success, says WONG WEI KONG WONG WEI KONG IT'S widely acknowledged as one of Singapore's most successful brands, but how well has Food Empire Holdings performed as a listed company?
      FILE PHOTO  -  815 words
    • 4886 8 UNIT TRUSTS FUNDS Shenton Thrift 1 1.122/ Shenton Income .mi «m.n n... i-„„,.i Shetrtnn IncomeflJSD) 0.916/ Shenton Asia Pacific!** 0.871/ Shenton Gt> Opportunities" 0.687/ 11? Shenton Oynamc Boni^ A 1408/ n o,?, Shenton Greater Chma 1201/ XJSTrS? MendakiGlobal/ 071V ShentonGlobalAdvantage 2 037/ ££3:" VZ I™ nastai Asia Knowledge 1184/ n
      4,886 words
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  • SINGAPORE NEWS
    • 603 9  -  NTUC to start pilot projects to raise effective retirement age By DANIEL BUENAS SINGAPORE should aim to raise the effective retirement age of its workers and not just raise the legal retirement age and the National Trades Union Congress (NTUC) plans to start a
      Source: NTUC  -  603 words
    • 384 10  -  Grants go to researchers in hospitals, varsities and disease centres By CHEN HUIFEN RKSRARCHKRS from hospitals, universities and disease centres here received a $48.2 million funding boost for their scientific ideas from tlfe Agency for Science, Technology and Research (A*Star) yesterday. The funding is
      FILE PHOTO  -  384 words
    • 221 10 NANYANG Technological University's (NTU) fledgling bio and molecular engineering sector is set to receive a boost with its latest tie-up with the Indian Institute of Technology Bombay (lIT Bombay). Yesterday, both educational institutions signed a memorandum of understanding (MOU) to
      221 words
    • 213 10  -  By LIZA LIN UNIVERSITY autonomy and funding will likely be top of the agenda when the 13-member International Academic Advisory Panel (IAAP) meets this week for its biennial meeting. The committee, chaired by Dr Ng Kng Hen, Minister for Manpower and Second Minister for
      213 words
    • NEWS ROUNDUP
      • 99 10 HMKRITUS Professor Ang How Ghee of the National University of Singapore was awarded the Singapore Defence Technology Distinguished Fellowship yesterday, the first local recipient to receive the accolade. The award. which was presented by Minister for Defence Teo Chee Hean, recognises his contributions
        99 words
      • 52 10 NATIONAL service registration for male Singapore citizens and permanent residents born between Aug 17 and Dec 7, 1987 will be conducted between Jan 12 and Feb 2. Registrants may register online at www.miw.com.sg or personally at the Central Manpower Base Podium at
        52 words
    • 469 10  -  Manufacturing still made up about 25% of GDP last year By ALEXANDRA HO YHS, foreign investments may have fallen from 2003's $6.3 billion to $6 billion last year, but economists are not raising the alarm just yet. "The concern of the hollowing
      Source: EDB  -  469 words
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    • 481 9 TUesday, 18 January 2006 "Products dont drive business, customers do." 8.30 am to 12 Noon Excelling In today's competitive environment means Meritus Mandarin embedding customer loyalty in everything you do Mandarin Court A 6 B from decision making to performance measurement to 4th Floor- Qrand Tower HR strategy. Whether you're
      481 words

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    • 37 10 I#l rM> i^ft **4 *^pMy^fc^BM^|^^WMF '^BH jt£f&wEt w y jjM hk, Mr-?i I 1 Jj jßP^®iiWpii V*" |Kgr a, «r W V *+%m wf f"- -..J jf jfiH HMpp^' Add another $5 9^^^'^ e r ert ffffi^T"
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    • 1269 10 Wearnes International (1994) Limited (Incorporated in the Republic of Singapore) (Co. Reg No.: *****1132 D) Notice of Annual General Meeting NOTICE IS HEREBY GIVEN that the 21st Annual General Meeting of the shareholders of (a) new shares arising from the conversion or exercise of any convertible securities Wearnes International (1994)
      1,269 words

  • SINGAPORE FOCUS: INDUSTRIES
    • 1113 11  -  MANUFACTURING Singapore offers diverse advantages to manufacturers, says the EDB, which is why the sector is thriving. CHUANG PECK MING reports CHUANG PECK MING SINGAPORE'S manufacturing sector remains very much alive and kicking, as it continues to draw strong investments and expand into new growth
      Source: EDB  -  1,113 words
    • 434 11 Mechanical engg the S'pore edge THE Economic Development Board regards it as a "pillar of strength" of the manufacturing sector. Mechanical engineering which involves the design, construction and operation of technology and equipment is vital to a range of industries from electronics, transport and chemicals to medical gear, according to
      434 words
  • Page 11 Advertisements
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    • 124 11 The Ultimate in jsl 1-1 P j MARIANI Executive beating One of Italy's leaders in contemporary furniture design for nearly 50 years, especially renowned for its hand stitched leather upholstery. Armchairs, sofas, ottomans, chaise-lounges are JT produced with traditional workmanship using the finest material. Close attention is paid to the
      124 words

  • ECONOMY WATCH
    • 544 12 But pace of growth is expected to be less than 2004, say most economists Reuters [WASHINGTON] Leading economic forecasters boosted US growth outlook for the final quarter of 2004 and full-year 2005, predicting solid job gains and an uptick in core inflation
      Reuters; BLOOMBERG  -  544 words
    • 665 12 But consensus, not individuals, gets attention Reuters [BEIJING] One day last year, Peking University professor Song Guoqing found himself summoned to the secretive leadership compound in the heart of Beijing. Behind the vermillion walls of Zhongnanhai that once enclosed an imperial playground, Mr Song
      Reuters; AFP  -  665 words
    • 617 12 Communication would aid understanding Bloomberg [WASHINGTON] Central banks should increase communication with the public to promote long-range economic stability even if the practice occasionally causes blips in the financial markets, central bankers including Federal Beserve Governor Donald Kohn said. Steps such as the
      Bloomberg  -  617 words
    • 522 12 Reuters [BEIJING] Two prominent Chinese economists have called for caution in revaluing the yuan, saying authorities must keep an eye on other currencies as well as China's export sector before making any changes. The cautionary tone followed remarks by central bank
      Reuters  -  522 words
    • 397 12 Bloomberg [WASHINGTON] US wholesale inventories rose more than forecast in November as companies added to supplies that had been drawn down in the third quarter by increased demand, a government report showed. The 1.1 per cent rise, reflecting more metals, machinery and clothing,
      Bloomberg  -  397 words

  • MALAYSIA/INDONESIA
    • 664 13  -  INDONESIA INSIGHT Indonesian city will be a major beneficiary of the reconstruction and rehabilitation of Aceh after the tsunami disaster SHOEB KAGDA Jakarta Correspondent IN THE wake of the tsunami disaster, business opportunities abound in Medan, where life has always been rather laid-back. Traffic snarls
      664 words
    • 389 13  -  Exercise shows strong interest in KL stocks, marks debt repayment by highway operator By S JAYASANKARAN in Kuala Lumpur [KUALA LUMPUR] Malaysian state welfare agency Social Security Organisation (Socso) yesterday placed out 170 million shares of toll highway operator Plus Expressways
      FILE PHOTO  -  389 words
    • 509 13  -  By PAULINE NG in Kuala Lumpur MAI.AYSIA Airlines expects to generate over RMIOO million (Ss43 million) in ticket sales over two days at its coming annual travel fair. The national carrier anticipates a deluge of some 180,000 sharp-eyed travelmad Malaysians to attend its
      FILE PHOTO  -  509 words
    • 320 13 (KUALA LUMPURI Tanjong pic's recent moves have sparked fresh interest among analysts and investors, says a report in the Malaysian Business Times. The company is part of a consortium which won a bid for a water and power project in Abu Dhabi. Tanjong has also
      Source: MSI Bloomberg  -  320 words
    • 2418 13 VOL FS6M 0*4 0.03 62 Jan 10 RM W- (000) FTEC Resources 048 0.01 ***** Furqan Bus. Org .0.36 0.01 5313 ASM Realty 1.32 0 04 20 Gadang Ml unch 724 Abric jOjSI 0.07 1620 Gamuda .530 0.05 1206 ACP Industries 1.19 -0.01 3 General Corp
      2,418 words

  • GREATER CHINA
    • 371 14 It seeks to join global anti-money laundering body and drafts new law [HONG KONG] A bid by China to become a member of the global anti-money laundering body, the Financial Action Task Force (FATF), is likely to trigger a potent clampdown
      371 words
    • 234 14 Reuters [BEIJING] Two former executives with China's Agricultural Development Bank have been arrested on charges of misuse of bank funds and are suspected of accepting bribes, Chinese media reported yesterday. The Beijing municipal procuratorate had charged Hu Chushou and Yu Dalu, both
      Reuters  -  234 words
    • 410 14  -  By MICHELLE QUAH ISINGAPORR] Hong Kong has proposed another bold move to preserve the sanctity of its corporate information being the first in Asia, yet again, to suggest such measures. Its Securities and Futures Commission (SFC) has come up with a consultation
      410 words
    • 295 14 [HONG KONG] A non-exec-utive director of Northern International Holdings forgot to mention the sale of his entire stake in the blade-cutter manufacturer. This was despite written notices and verbal advice from the company on the very same day, according to a
      295 words
    • Article, Illustration
      57 14 [HONG KONG] (from left) Tennis players Vera Zvonareva, Elena Dementieva and Maria Sharapova of Russia and Serena and Venus Williams of the US pose after selling their rackets during an auction here to raise funds for Asian tsunami survivors on Jan 8. Eight tennis players raised a
      REUTERS  -  57 words
    • 243 14 Reuters (BKIJING] China says it expects 25 million of its people to be out of work this year, but the actual number of jobless in the world's most populous nation could be much higher. Some 11 million people, including 3.4 million
      Reuters; REUTERS  -  243 words
    • 291 14 Reuters IBKIJINGI Bank of Beijing, one of over 100 city commercial banks in China, is in talks with potential foreign investors and eyeing a listing as part of booming China's grand plan to modernise its fragile banking sector. A bank
      Reuters  -  291 words
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  • GREATER CHINA/INDIA
    • 339 15 ONGC plan to tap into Russia after Yukos breakup is cleared by govt Bloomberg [NEW DELHI] India's government approved a plan by the Oil Natural Gas Corp, the country's biggest oil explorer, to buy assets of Russia's OAO Yuganskneftegaz, the Indian company's
      Bloomberg; FILE PHOTO  -  339 words
    • 423 15 More and more are searching for their ancestral homes AP [BOMBAY! Overseas Indians tracing (he paths their ancestors took through Africa, North America and Southeast Asia may be able to surf the Internet to track their roots in the
      AP  -  423 words
    • 345 15 Reuters [NEW DELHI) India; eager to secure energy supplies, has signed a US$4O billion deal with Iran to import liquefied natural gas (LNG) and join in developing three Iranian oilfields. A joint statement said India would import 7.5 million tonnes per year of
      Reuters; AFP  -  345 words
    • 269 15 AP. Bloomberg [WASHINGTON] President George W Bush's administration wants China to crack down on the rampant piracy of US movies, music and computer programs. Commerce Secretary Donald Evans said they will not be satisfied until copyright violators get stiff prison sentences.
      AP.; Bloomberg  -  269 words
    • 332 15 Reuters [BOMBAY] Indian software firms will report strong third quarter annual earnings growth as Western companies continue to outsource low-cost jobs, but wage hikes and aj strong rupee could cap growth on the previous quarter. While there is still
      Reuters  -  332 words
    • 216 15 AFP [DETßOlT] A General Motors executive said on Sunday Chinese-made cars are not ready for the US market, dismissing a recently announced venture to import vehicles from China. "I don't think China is ready to export." GM chief financial officer John Devine
      AFP  -  216 words
    • 341 15 It can buy restricted shares of listed Chinese firms (HONGKONG] Belgravia Asset Management, a Jerseybased specialist manager, is to become the first investment house to offer overseas investors access to non-tradeable shares in listed Chinese companies, according to a report in the Financial
      341 words
  • Page 15 Advertisements
    • 1005 15 iXo ices IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF AXA HOLDINGS PTE LTD Rag. No. 1M*****9Z (In Members' Voluntary Liquidation) NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the abovenamed Company duly convened and held at 143 Cecil Street #01 -01 GB
      1,005 words

  • ASIA-PACIFIC/WORLD
    • 676 16 Report says it's in talks to buy No 2 lender, which is worth 43b rand Bloomberg, Reuters [JOHANNESBURG] Standard Chartered pic denied that it's in talks to buy all or part of First National Bank, South Africa's No 2 lender, which is
      Bloomberg,; Reuters; REUTERS  -  676 words
    • IN BRIEF
      • 144 16 Reuters [NEW YORK] Rural telephone company Alltel Corp yesterday said it would acquire Western Wireless Corp for US$6 billion in a move that will increase its customers in the western United States and make it the fifth-largest US wireless carrier. Alltel, which sells
        Reuters  -  144 words
      • 164 16 AP [DETROIT] General Motors Corp plans to reduce its US workforce by about 7 per cent for a fourth consecutive year in 2005, chairman and chief executive Rick Wagoner said. That means about 8,000 positions at the world's largest automaker
        AP  -  164 words
      • 125 16 Reuters [SEOUL] Samsung Electronics yesterday said it would spend 997.5 billion won (Ssl.6 billion) to boost output of memory chips, including its mainstay dynamic random access memory chips. The world's top memory chip maker said the investment, part of its spending plan
        Reuters  -  125 words
    • 53 16 [ROME]ltalian consumer rights association members burn cigarettes in central Rome yesterday in support of a new smoking ban. Italy's 14 million smokers willface a new way of life with new legislation, which went into effect yesterday, banning smoking in all public places, such as bars, restaurants, discotheques
      AFP  -  53 words
    • 347 16 AFP [SYDNEY] Australia attracted the largest number of immigrants for a decade in the past financial year and is among the top three countries in resettling asylum seekers, despite its tough refugee policies, new data showed yesterday. More than 111 ,000 people arrived and
      AFP  -  347 words
    • 423 16 They see bonds rising 3%, says Mercer survey Reuters [LONDON] European fund managers see equities chalking up returns of 7 per cent in 2005 and bonds rising by 3 per cent, according to a survey by Mercer Investment Consulting yesterday. The survey
      Reuters  -  423 words
    • 331 16 Reuters [TEL AVIV] Israeli Prime Minister Ariel Sharon and Finance Minister Benjamin Netanyahu stunned the country on Sunday, choosing Citigroup CN vice-chair-man Stanley Fischer as their candidate for governor of the Bank of Israel. Economists and analysts welcomed the decision, saying Mr
      Reuters  -  331 words
    • 383 16 Japan survey shows a majority of them will disobey immoral orders NYT [TOKYO] A recent survey offers reassurance that greater numbers of new corporate workers are inclined to do what's right on the job, even if that means disobeying the boss's orders. When asked if
      NYT  -  383 words
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      25 words

  • WORLD
    • 575 17 Analysts say move will streamline company and increase clout Bloomberg. Reuters, NYT [LOS ANGELES] News Corp, the media company controlled by Rupert Murdoch, yesterday offered to buy full ownership of Fox Entertainment Group Inc for US$5.B6 billion to solidify Mr Murdoch's control
      Bloomberg.; Reuters,; NYT  -  575 words
    • 347 17 CEO says no supply shortage, surplus capacity is growing Reuters [LONDON] The record oil prices of 2004 were no reflection of an underlying shortage of supplies and won't be repeated, the chief executive of British oil major BP pic said in
      Reuters; FILE PHOTO  -  347 words
    • 448 17 Reuters [CHICAGO] Cisco, Lucent, Motorola and other telecoms gear makers are recovering from the overcapacity of recent years, helped by the addition of new services to their customers' existing networks. The movement of phone calls over the Internet, high-speed data and security are
      Reuters  -  448 words
    • 194 17 Reuters [NEW YORK] Two Londonbased private investment firms are close to buying Spanish travel reservations company Amadeus Global Travel Distribution SA for US$5.7 billion, the Wall Street Journal reported yesterday. Private-equity firms Cinven Group and BC Partners teamed up to submit a final bid
      Reuters  -  194 words
    • 374 17 Reuters [LONDON] The London Stock Exchange is set to step up the pace of talks on takeover proposals from rival suitors Deutsche Boerse and Euronext, sources said on Sunday, but they dismissed reports of a looming deadline. The LSE met
      Reuters  -  374 words
    • 454 17 Debates over healthy eating rage on and the trend now is towards more balanced eating Reuters [LOS ANGELES] Proclaiming an end to the low-carb diet craze, US weight loss companies are launching a marketing blitz aimed at winning over consumers resolved to shed flab once
      Reuters  -  454 words
    • 295 17 Bloomberg [LONDON] UK banks and insurers plan to cut jobs in the next three months at the fastest rate in two years as they struggle to cut costs and bolster profit, according to a survey by the UK's biggest business
      Bloomberg  -  295 words

  • AVIATION
    • 500 18 Reuters [BEIJING] China and Taiwan may exchange their first direct flights in more than five decades in February under a proposal hammered out by Chinese policymakers and Taiwan opposition legislators in Beijing yesterday. China's Taiwan Affairs Office proposed allowing the
      Reuters; REUTERS  -  500 words
    • 662 18  -  Route is Qantas' most profitable, yielding 10-15% of revenue: analysts By VEN SREENIVASAN [SINGAPORE] Analysts are not very sanguine about Australia opening up its transpacific route to Singapore Airlines during next month's meeting between Singapore Transport Minister Yeo Cheow Tong and
      662 words
    • 1872 18 CITY FUCHT ETA FLIGHT ETD QF82 2250 Davao MI566 0915 MI566 1920 'lIlTlYl LH9770 2245 Delhi SQ407 0440 IC856 1145 SQ229 2245 IC855 1015 SQ408 1620 AF8088 2250 rmnillf l«H SQ141 1145 S0142 0935 BA7382 2250 SQ143 1535 SQ146 1640 Qf82 2250 GA840 1725 GA841 1825
      1,872 words
    • 281 18  -  By VEN SREENIVASAN [SINGAPORE] Qantas associate Jetstar Asia has tied up with credit card operator Visa to offer more seats at lower prices for cardholders. Until Feb 2, one-way airfares on Jetstar Asia from Singapore to Taipei, Hong Kong and
      281 words
    • 258 18 Bloomberg [PARIS] Air France-KLM Group, Europe's biggest airline, said passenger traffic rose 6.9 per cent in December, the 17th consecutive month of gain, as demand grew for long-distance flights. The load factor, or proportion of seats filled, rose one percentage point
      Bloomberg  -  258 words
    • 528 18 NYT [CHICAGO] A federal bankruptcy court judge may have cracked open the door for bidders to be allowed to make offers for United Airlines, with a rare ruling last week against United and its pilots' union. The judge, Eugene R
      NYT  -  528 words
    • LOG BOOK
      • 112 18 Reuters [LONDON] British low-cost airline easy Jet said yesterday that passenger numbers in December rose 28 per cent from a year ago after expanding its short-haul network in Europe. Europe's second-largest budget carrier, easy Jet, said its load factor an indication of the proportion
        Reuters  -  112 words
      • 114 18 Reuters [NEW YORK] Delta Air Lines Inc is planning to cut the number of flight attendants on some flights and eliminate meals for flight crews, the Wall Street Journal reported yesterday, citing a company document. Starting Jan 31, the No 3 US carrier will
        Reuters  -  114 words

  • SHIPPING
    • 692 19  -  Talks ongoing on sale of all or part of container shipping arm to HK's OOIL By DONALD URQUHART [SINGAPORE] Talk of Orient Overseas International Ltd's (OOIL) interest in the container shipping arm of Malaysian International Shipping Corp (MISC) has
      FILE PHOTO  -  692 words
    • 207 19 Bloomberg [HONG KONG] Modern Terminals Ltd, one of Hongji Kong's largest port JV operators, will spend HK$ 1.2 billion (***** jg million) in the next 18 months to expand capacity** at its Kwai Chung terminals as the port's container cargo volume grows.
      Bloomberg  -  207 words
    • 210 19 [SINGAPORE] Teh Kong Leong, a former director of Singapore's Marine Department and a senior executive at Neptune Orient Lines, has joined the Singapore Maritime Foundation (SMF) as its executive director. Mr Teh started work yesterday at the SMF, which was formed last
      210 words
    • 562 19 Taking that road would add market share Bloomberg [OSLO] Moeller-Maersk, the world's biggest containershipping company, and Royal P&O Nedlloyd, the fourth-largest, are considering takeovers to increase market share and prepare for an expected drop in freight rates in 2006. "We have made good progress
      Bloomberg  -  562 words
    • 255 19 Bloomberg [LONDON] Deutsche Bank AG is seeking additional banks to lend US$l.45 billion to Dubai Ports Authority, which is using the loan to buy the port assets of CSX Corp to become the sixth-biggest container terminal operator. Dubai Ports, owned by the Emirate of
      Bloomberg  -  255 words
    • 393 19 AFP [KUAIj\ LUMPUR] The tsunami disaster which killed more than 100,000 people in Indonesia's Aceh province has put an end to piracy in the Malacca Strait, at least temporarily, a Malaysian maritime official said yesterday. "The statistics from the International Maritime
      AFP  -  393 words
    • 67 19 [INDUSTRY. Pennsylvania] The pilot house of the tug boat Elizabeth M being swept away by water flowing from the Montgomery Island Dam on the Ohio River at Industry. Pennsylvania, on Sunday. The tug boat pushing six barges of coal sank after entering the dam. killing three
      AP  -  67 words
    • 294 19 SGX '000 Jan 10 S$ Vol CH Offshore 0.39 -0.02 1776 ChuanHup 0.68 unch 1032 Cosco Corporation 1.23 0.01 5297 CWT Distribution 0.66 unch 1 Ezra Hldgs 1.19 0.02 310 Freight Links 0.09 unch 540 Grand Banks Yacht 1.00 unch 47 Jaya Holdings 1.02 unch 477 K1 Venture
      294 words

  • EDITORIAL & OPINION
    • 579 20 EDITORIAL The US dollar's dismal fortunes in 2004 appeared to improve a little in the opening days of the New Year, and they may go on doing so for a while if the Federal Reserve is really as concerned about inflation as it
      579 words
    • 1077 20  -  Fund managers for top US university endowments have made big gains by focusing on stocks NEIL BEHRMANN London Correspondent GLOBAL equity markets are by no means bargains, but they still I might win by default this year in comparison With expensive bonds, overblown commodities and residential
      REUTERS  -  1,077 words
    • 759 20  -  THE BOTTOM LINE NICHOLAS D KRISTOF NYT IF THK United States wants to help people in tsunamihit countries like Sri Lanka and Indonesia not to mention other poor countries in Africa there's one step that would cost Washington nothing and would
      NYT  -  759 words
    • 999 21  -  Placed in historical context, terrorism is less of a threat than the Cold War and World War II were, and has done far less damage LEON HADAR Washington Correspondent SINCE the terrorist attacks in New York and Washington on Sept 11, 2001, the conventional wisdom
      AFP FILE PHOTO  -  999 words
    • 269 21  -  Denis Ong Singapore I REFER to "Lessons to be learned from the tsunamis" (BT, Dec 28). Sadly, early warning systems are too expensive to set up. Also, except for Taiwan and Japan, which are used to experiencing earthquakes and aftershocks, none of the
      269 words
    • 628 21  -  LETTERS TO THE EDITOR Arthur Loke Arthur Loke Partners,Singapore YOUR article, "Fixing China's legal system" on Jan 7 mentioned that people who participated in a survey by a British professor concerning the legal system in China perceive it as "ineffective, inaccessible, and inadequate.
      BLOOMBERG FILE PHOTO  -  628 words

  • Page 21 Miscellaneous
    • 202 21 CRYPTIC CROSSWORD 26 Poor, dear Pete did it again (8) cut off (5) YESTERDAY'S SOLUTION 7 Gr€ k he r ne makes treacle Across: 1 Prebendary, 9 Path, 10 DOWN pudding (7) Celebrates, 11 Hatter, 12 Burrows, 1 Such energy gives cattle ner- 14 p leading batsman a 15 Maigret,
      202 words

  • 10729 22 STRAITS TIMES INDEX STOCKS SWfc Mim Wt dott Chug* Stock mw Wl Oom C»H9« Allgreen 50c 0.31 1.140 -0.030 NOL 2.08 3.000 -0.020 BIL tntl US20c 0.44 0.980 OCBC 10.06 13.900 CapitaLand 1.39 2.150 -0.010 Partway H 25c 0.69 1540 +0.020 Qwt SemiCond 26c 0.70 0.950 -0.015 People's
    10,729 words

  • 6332 23 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES hi leal can hi S$ In IKS \t*f yr dy N r d* Syr j»n 7 igw SM gae sssz SEC ssb SSB Vltortd index Preliminary 844 7 01 85 02 69 -0.1 101 t EAFE Preliminary 776 4 03 107 03 111
    6,332 words

  • Page 24 Advertisements
    • 1712 24 IMPORT I NORTH AMERICA AUSTRALIA/NEW ZEALAND I SUPER SHUTTLE EXPRESS (SSX) express 1 VISSII VOY IGi SIN PKG lOS ANGEUS EXPRESS W «L_ «C_ 00a ROTTERDAM 08WS3 06/01 23/01 25/01 l0WU UM 0, 03/0 05/01 07/01 1,/0 U/01 U/0 (MXI NINGK) 06W01 13/01 30/01 01/02 RAMAKUR ,0/0 ,l/ 0' U/01
      1,712 words
    • 895 24 IIWTfKASIA HOKO SERVICE vtssa/voT rawed «ghtu» wg kh to sw jkt STKAITS VENTURE 01/05 IS J? 13/01 16/01 11/01 snuns VENTUtE 02/0S IS 3? 70/01 23/01 27/01 30/01 01/02 SHAITS yEMTUKE 03/0S IS 12 03/02 05/02 10/02 13/02 01/03 I WIST ASIA/BENGAL KOtO SVS VESSa/VOT »AMT<KT) HPGHT(M) TOK KH KHH
      895 words

  • Page 25 Advertisements
    • 536 25 MniMplhfctMiCv|MtK WSW SIBIW *WBI fl*WO EUWW/Ilißliß SEtittflfll 1 wrnimMmm/imhchmmk/wmwh/msr gumm/rnmc jnfctßuß^r For Schedules, BL Searches, and Container Tracking, visit on our Home Poge: www.moiiin.com .*9 Hamburc^^SUD misufornamm Ihihi HBMIMBI .SAK SUVKI ppor) u*t* ten BBS riTTTT »»i Itm imtmimm mi m m m m m. MlfcM 4bup>vftl arp aSatfrarta ttM/Mrdbr
      536 words
    • 1075 25 VESSEL VOY SJH PKG GOUKN6ATF SPIN I 11/1 I 17/1 14/1 PttTti BUDGE 071 A ~137T 15/1 GOIDEW TKADE ***** I li/1 ll*/l 21/1 NEW DYNAMIC 078 A ~WT 22/1 KUO LUNG 004 M I 7S/1 I 24/1 28/1 WIH BRIDGE 072 A 27/1 29/1 *VSt a*ni boiti Ho* Wra
      1,075 words
    • 855 25 WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICD POINTS VESSEL VOT SIM PJUAM6 COLOMOOI N. SHEVA COitMMO immSL oom 11 jaw own it jam hjam wjam lAT HIDGt OQSW HUN OMIT 23 JAW 24 JAN W JAM ■fIOEOUEI 0003W 241 AM 26 JAW KJAN OIFB 04
      855 words

  • Page 26 Advertisements
    • 722 26 IfUUr WALLENIUS WILHELMSEN website: http://www.2wglobal.com tcsa VOY U» HDGHT 51 IK ~iuO~ HOW WA W U1 Otl ~NTC~ HfW MOO IMAGO AfSO2 3201 MS 6.4 M 11/01 OMIT 11/02 25/02 24/02 03/0) 01/03 OS/03 22/02 TEXAS AFSO3 4201 m 4.4* 00/02 02/03 12/03 10/03 20/03 24/03 22/03 24/03 14/03 TAMBUANE
      722 words
    • 546 26 nssa m m m jsssa m m ml ami mm "/•< »/»i §mmi am urn uzu gtmi —ir ii/oi »/oi jtLMM 1212 1101 li/fli— PACMNM mm 11/01 13/01 rtcuu 414! IUU UM <y 1301 I oot» is/01 is/oi Muumi _mi u/oi 10/01 mnn m uzu n/ti ■^^^■7Fnffnn7!i>Tm^lllH pmmmm mm is/oi
      546 words
    • 566 26 BSA4 MYANMA nH FIVE STAR LINE (HywMMr Notioool Um) Loading for Yaogoo VESSQ VOY SM PRL PEN PGU PAGAN 33SW SU) SID HPA-AN 330W SU IN MALAYSIA: lOUSTEAD SHIPPING AGENCIES KUI/PKL 03-*****300 PEN; 04-2****** MKKM, ACCEPTIiQ COMVEITIOMAL C6O HKG SM MG SM PGU PU KUC anrsiu. wait u su sio
      566 words

  • THE BUSINESS TIMES SHIPPING TIMES
    • 6188 27 This ETA ETA Advertiser VtfMl Voy*9* Telephone ETA HA Advertiser Vessel V«yy Telephone SIN Dest'n Name Name Number Number SIN Deit'n Name Name Number 28/01 19/02 Senator I TSING MA BRIDGE KMAB *****750 To ABIDJAN (ABJ) 2003 Cote D'lvoire 28/01 25/02 senatori Peking senator
      6,188 words

  • PROPERTY
    • 1006 28 Interest rate rises and slowing economic growth will hamper price rise, says Colliers Bloomberg [HONG KONG] Hong Kong property prices may not maintain their growth momentum this year, according to Colliers International (Hong Kong) Ltd. Price gains may be hampered by
      Bloomberg; BLOOMBERG  -  1,006 words
    • 808 29  -  In the past share markets survived a real estate downturn. But it'll be different now, argues MATTHEW LYNN MATTHEW LYNN Bloomberg THE long-predicted slowdown in Britain's fevered real-estate market finally seems to be happening. What will that mean for stock prices? Will the property
      Bloomberg  -  808 words
    • 492 29  -  A condo with 56 units of 1,200 sq ft can be developed on the site By KALPANA RASHIWALA NEWLY-LISTED Soilbuild Group has bagged One Tree Lodge for $38.2 million in the latest collective sale. The price it is paying for the 33,965 sq
      FILE PHOTO  -  492 words
    • 179 29 AP [PHILADELPHIA! Actor and rapper Will Smith has given up on plans to develop a hotel in his hometown. Smith had won preliminary city approval several years ago to build a hotel and retail complex on a derelict property in the city's cen-turies-old Society Hill
      AP  -  179 words
    • 1268 30  -  In principle approval from SLA to top up leases can help push en bloc sales and thus save the city of many eyesores, writes KALPANA RASHIWALA KALPANA RASHIWALA THE recent sale of Eng Cheong Tower, the first collective sale of a 99year leasehold
      1,268 words
  • Page 28 Advertisements
    • 1521 28 i 1 PNE MICRON HOLDINGS LTD |DNT U j (Incorporated in the Republic of Singapore) V*L J Company Registration Number: *****5909 M Registered Office: 996 Bendemeer Road #07-06 Singapore *****4 NOTICE IS HEREBY GIVEN THAT the Annual General Meeting of the Company will be held at Orchid Country Club, 1
      1,521 words
    • 356 28 IN THE MATTER OF THE COMPANIES ACT CHAPTER 50 AVNET GTDG SINGAPORE PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) REGISTRATION NO. *****6136E At an Extraordinary General Meeting of the Company convened and held at 2211 S.47th St, Phoenix, Arizona. USA, on 7 January 2005, the following resolutions were duly passed: 1
      356 words
    • 354 28 IN THE MATTER OF THE COMPANIES ACT CHAPTER 50 AVNET CINERGI PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) REGISTRATION NO. *****4917N At an Extraordinary General Meeting of the Company convened and held at 2211 S.47th St, Phoenix, Arizona, USA, on 7 January 2005, the following resolutions were duly passed: 1 SPECIAL
      354 words

  • Page 29 Advertisements
    • 109 29 lin i i i Diners Club Credit Card To apply, caU: 6416 0980 Where to wine, dine and entertain,.. Treab (Seafood by the oea /VVYyn Amfu Put Cozy Glowous Cuuuuu. Bu» Pauinc Ammincs SiAPOOD Du»C*i Gaidi* <9 JtINGA HsS>« < .1 Singa Inn Sufood Restaurant 920 East Coast Parkway. Sm*iporr
      109 words
    • 87 29 1 t JL Si Cliu Dii lit IcsUinii 60 Dishes Deluxe Dinner Feast Monday Thursday Select from our extensive a la carte buffet menu featuring 60 superb Sichuan and Cantonese gourmet delights. Dinner $28.80 (Aduh), $17.80 (Child*) For reservations, please call 6290 8005/6299 9011. Prices subject to service charge S.
      87 words
    • 21 29 Recruit the one you want for any position you have Call 1800 289 8822 or email recruit@sph.com.sg for your recruitment solutions
      21 words
    • 441 29 6888 FOR SALE Jin Fu Apartments Prime District 15; exclusive Katong enclave Freehold Residential Development Site Site Area 2605.8 sq.m. Plot Ratio 2.8; Allowable up to 24 storeys Near Parkway Parade, East Coast Parkway Subject to Strata Titles Board's Approval Tender Closes 3pm on 2nd February 2005 HB ROBINSON 112
      441 words

  • Page 30 Advertisements
    • 133 30 TRAVEL PERIOD Pf jf J^HH PROMOTION MILEAGE Jw Double -^m ELIGIBILITY Members v% APPLICABLE ROUTES v Tokyo Osaka 1 B^/' v Mi' v 11Miii^ APPLICABLE FLIGHTS CLASS OF TRAVEL Class Available on flight JL7IO/71 9 only. One-Way Mileage Comparison TOKYO OSAKA FIRST CLASS Normal 4966 miles FIRST CLASS Promotion 9933
      133 words