The Business Times, 14 January 2005

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Total Pages: 31
1 32 The Business Times
  • 13 1 THE BUSINESS TIMES MICA (P) 023/03/2004 Friday, January 14,2005 SINGATOft/^Sbirr inline at http://business-tjmes.asial.com.sg
    13 words
  • 637 1  -  MAS moving to regulate prepaid instruments: source By SIOW LI SEN, KAREN HO ISINGAPOBE] l-chqs, the restaurant "currency" popular with consumers because it offers up to 30 per cent discount, could be in trouble, indigoz Exchange, the company that sells ichqs is being investigated by
    637 words
  • 983 1  -  It will stay in business and keep listing status after $239m deal By JOYCE KOH, PAULINE NG in Kuala Lumpur IN the end, bigger is better. After 26 years, GK Goh Holdings (GKGH) yesterday said it was selling its entire stockbroking business
    ARTHUR LEE  -  983 words
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  • TOP STORIES
    • 776 2 Basel II: S'pore banks to get more time? SINGAPORE banks could enjoy more time in the implementation of Basel II if the Monetary Authority of Singapore decides to follow the latest decision by the European Union Council of Ministers to extend the adoption deadline. Although the EU ministers'
      776 words
    • 821 2  -  Company warns of lower profit; CEO changes mind about leaving By KENNETH LIM (SINGAPORE] For shareholders of Global Active, the surprise yesterday was not so much the company's warnings of lower full-year profits, but that founder and chief operating officer Serene Tan has
      FILE PHOTO  -  821 words
    • 680 2  -  By AMIT ROY CHOUDHURY [SINGAPORE] In a move welcomed by Singaporean companies doing business in India, Prime Minister Manmohan Singh's government has modified a controversial order that prevented foreign companies from setting up local operations if they already had a joint venture
      680 words
    • 51 2 IN yesterday's report, "UOB-Kay Hian started merger ball rolling", we wrongly said Baring Securities is the 100 per cent owner of Macquarie Securities (S). Macquarie Bank bought the equities business of ING Group last year and is now the sole owner of Macquarie Securities. We are sorry for the
      51 words
    • 646 3  -  Most say 'no', so long as amounts are reasonable By MICHELLE QUAH [SINGAPORE] Recent generous contributions by various companies towards tsunami relief have thrown up a delicate issue between management and owners: do shareholders have a say in whether, and how much, their
      FILE PHOTO  -  646 words
    • 470 3  -  Appellants fail to overturn decision over vendor's pricing mistake By KAREN HO [SINGAPORE! In a ruling that has significant implications for online merchandising, Singapore's highest court has thrown out an appeal by six customers of Digilandmall.com Pte Ltd in a dispute
      470 words
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  • Page 3 Advertisements
    • 11 3 Tucci, the Sultan of Storage—data Jj storage is. In Raffles tomorrow
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  • COMPANY NEWS
    • 797 4  -  Deadline extension if S'pore follows EU ministers' move By ANGELA TAN SINGAPORE banks could enjoy more time in the implementation of Basel II if the Monetary Authority of Singapore (MAS) decides to follow the latest decision by the European Union Council of
      797 words
    • 847 4  -  GK Goh's deal to sell its stockbroking and corporate finance business to CIMB marks the end of an era, says WONG WEI KONG WONG WEI KONG LETTING go can be so hard to do. When Goh Gek Khim started GK Goh Stockbrokers in
      ARTHUR LEE  -  847 words
    • 705 4  -  HOCK LOCK SIEW By R SIVANITHY FOR some, it's a deal that brings with it an undeniable sense of deja vu the sale of local broker GK Goh's entire stockbroking business to Malaysian investment bank CIMB Bhd bears startling similarities to Nat Steel's
      705 words
    • 532 5  -  COMMENTARY By TEH HOOI LING MHm he market was exIpecting the worst in Global Active Limited (GAL), going by the way the company halted the trading of its shares and kept postponing the release of its announcement. But when the announcement finally came
      532 words
    • 251 5  -  By KENNETH LIM CHINA tourist attraction operator Straco Corp said that, contrary to earlier guidance, net profit for 2004 will be "substantially lower" due to poor ticket sales at its flagship Shanghai Ocean Aquarium. Although the main-board-listed company expects to remain profitable for
      251 words
    • 503 6  -  Hybrid issue qualifies as Tier 1 capital, taps low interest rates By SIOW LI SEN OCBC BANK yesterday launched a $500 million hybrid preference share issue as part of ongoing capital management efforts. The issue, which had been expected by the market and qualifies as
      503 words
    • 143 6 SINGTEL is reported to be eyeing a 26 per cent stake worth $1.4 billion in Pakistan's state-owned phone operator Pakistan Telecommunication or PTCL, according to CNA. Citing a report quoting officials from Pakistan's Privatisation Ministry, CNA said Sing Tel is one of five international telcos
      143 words
    • 393 6  -  Team of officials in KL to meet top management By PAULINE NG in Kuala Lumpur SINGAPORE'S Temasek Holdings has not wasted much time getting down to work at Malaysia's Alliance Bank, after getting the nod to acquire a stake in the latter's
      393 words
    • 432 6  -  By KALPANA RASHIWALA AUDITOR Moore Stephens has qualified its report on L&M Group Investments' balance sheet and financial statements for the year ended Sept 30, 2004. L&M had earlier released its FY2004 results, showing a net loss of $26.5 million. Besides this loss for the
      432 words
    • COMPANY BRIEFS
      • 73 6 DIVERSIFIED engineering group Tee International said its newly set-up associate Tee Aerospace Industries has entered into an exclusive supply contract with Garuda Indonesia International's subsidiary, PT GMF Aero Asia, to provide the Indonesian company original cargo liners. Tee Aerospace will consign cargo liners
        73 words
      • 79 6 SINGPU Chemicals said it will sell its entire 80 per cent stake in Singpu Chemical Industries (Yancheng) Co for 9.6 million yuan (Ssl .88 million) in cash to an unrelated purchaser as part of a Jan 5 deal that was modified on Wednesday. The
        79 words
      • 39 6 GKE International posted a $576,000 net loss for the six months ended Nov 30, 2004, against a net profit of $913,000 in the same year-ago period. Revenue slipped 47 per cent to $5.3 million.
        39 words
      • 38 6 JET Technics International posted a net profit of HK$lO.l million (552.2 million) for the six months ended Nov 30, a slight increase from the HK59.96 million net profit in the same year-ago period.
        38 words
    • 4779 6 UNIT TRUSTS FUNDS Shenton Thrift!" 1.143/ Shenton Incomt .514/ •■u Shenton Income/USD) 0 928/ 0 771/ Shenton Asia Pacific!" 0.881/ £3? I5S«. =g -.re S' 0 Art ,nB Star Global Technology fund!".. 0.198/ 0997 Star Bhv finance Japan Fund'" 0797/ £?g£5£ ,2,' SSSKS&s «5 SS^s^»::::::::::::iiiri.iM?^ ?'2t/ nhance<l kKome uso 1
      4,779 words
    • 407 7  -  Contracts seen generating more than $1 bin sales over 6-year period By KALPANA RASHIWALA FIRSTLINK Investments said it has clinched two contracts to supply coal to a South Korean fuel distribution company that will generate more than $1 billion in sales over a six-year period.
      407 words
    • 440 7  -  Vendors will own 97.07% of Adroit's enlarged capital By KAREN HO ADROIT Innovations has entered into a conditional agreement to acquire a power plant in China in a back-door listing worth Ss47B million. Mainboard-listed Adroit said yesterday it will buy 100 per
      440 words
    • 256 7 SEMBCORP Utilities UK has started up a new, more efficient 42 .MW gas turbine and boiler at its Wilton Power Station in the United Kingdom, bringing its electricity generating capacity up to 197 MW. The new £20 million (5561.5 million) gas-fired
      256 words
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    • 1188 5 m as* holdings umitsd NOTICE OF ANNUAL GENERAL MEETING Registration No. 19^*****27 NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at 15 Kian Teck Creseent. Singapore *****4 on 31 Januar> 2005 at 10.00 a.m. to transact the following business:AS ORDINARY BUSINESS 1. To
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  • Page 7 Advertisements
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  • SINGAPORE MARKETS
    • 499 8  -  STOCKS Gainers early in the week trade places with losers on rotational play; first broking house turning bearish R SIVANITHY Senior Correspondent ALL sorts of role reversals are occurring in the local stock market, probably a natural consequence of the deeply entrenched rotational play
      Source: Bloomberg  -  499 words
    • Article, Illustration
      886 8  -  Compiled by JOYCE KOH Qian Hu Corp Jan 13 close: 32.5 cents DBS VICKERS SECURITIES, Jan 13 QIAN Hu's disappointing FYO4 results were within our expectations, with both core segments posting sharp dips in profitability due to margin compression and initial operating losses incurred in the execution of
      Source: Bloomberg  -  886 words
    • Article, Illustration
      429 8 OTHER SINGAPORE INDICES Jan 13 VALUE CLOSE BT OB/OS 475.00 +80.00 BT CADI -*****.00 +128.00 BlJ0-day MA -*****.00 +47.00 AH-SG Equities 540.38 +2.55 SG Equities Elect 163.77 +2.39 SG Equities Fin 1636.99 +0.04 SG Equities Prop 526.73 +4.47 SIMSCI 248.71 +0.72 SiMSCI Futures 249.00 +0.80 MOST ACTIVE STOCKS VOLUME ♦StarCruises
      429 words
    • 516 8  -  CURRENCIES LARRY WEE Senior Correspondent DAILY THE US dollar plunged anew on overnight news of a record US trade deficit, matching or slightly exceeding its 2004 lows against Asian units including the Singapore dollar while sliding a pain- ful one per cent or
      Source: Reuters  -  516 words
    • TRADES TO WATCH
      • 157 8 OEI Hong Leong's investment vehicle bought 477,000 shares of Jurong Engineering (JEL) yesterday, raising the tycoon's deemed shareholding to 29.93 per cent from 29.42 per cent, just a tad below the 30 per cent mandatory general takeover offer trigger. The shares were
        157 words
      • 89 8 MEGHMANI Organics' pre-initial public offering investor Pisces Pte Ltd sold its entire 6.1 per cent stake, or 24.4 million shares, on the open market on Wednesday after a series of transactions. No pricing information was given. Based on Meghmani's IPO prospectus, Pisces is wholly owned
        89 words
      • 104 8 KING Wan Corp executive chairman Chua Kim Hua continued his buying spree this week, buying a total of 8.5 million shares on the open market over the past two days. On Wednesday, Mr Chua bought one million shares at 10 cents apiece, raising his
        104 words
      • 112 8  -  Compiled by KENNETH LIM THE three executive directors of Ace Dynamics bought 1.85 million shares on the open market on Wednesday, all at 20 cents apiece. Chairman and chief executive Steven Tham Weng Cheong bought 850,000 shares through an HL Bank nominee account, raising
        112 words

  • SINGAPORE NEWS
    • 573 9  -  Expansion follows strong demand from new partners, other oil traders Reports by RONNIE LIM DESPITE China Aviation Oil Singapore dropping out, Horizon Terminals wholly owned by Emirates National Oil Company (ENOC) is nearly doubling the scale of its Jurong Island tankfarm to
      573 words
    • 465 9 CHINA Aviation Oil Singapore (CAO) was "dragging its feet" when the time came for the interested parties in the Horizon Terminal project here to come up with the initial equity capital, and also to appoint contractors, revealed a top Emirates National Oil Company (ENOC)
      465 words
    • 114 9 PRESIDENT S R Nathan will visit Thailand from Jan 17-21 at the invitation of Thailand's King Bhumibol Adulyadej. The trip marks the first state visit to Thailand by a Singapore Head of State and will include a stopover in Phuket, which was ravaged by
      114 words
    • 348 10  -  PRESIDENTIAL ADDRESS Recognition will also be given to more doctors trained overseas By CHUANG PECK MING SETTING up a second medical school and giving recognition to more foreigntrained doctors will be among moves to expand Singapore's pool of healthcare professionals. "To raise the
      FILE PHOTO  -  348 words
    • 391 10  -  By ANDREA TAN LOOKS like it's not just a casino that may possibly come up in the new downtown along with towering skyscrapers, a second botanic gardens is in the works as well. The Ministry of National Development (MND) and National Parks intend
      391 words
    • 225 10 US-BASED multinational ReedHycalog a maker of drills for the oil and gas industry has expanded its Singapore plant at a cost of $22 million after nearly 23 years here. Of the $22 million invested, $10 million went towards the actual building expansion in Jurong,
      225 words
    • 375 10  -  By JEAN CHUA TO ensure that Singapore continues to get a constant, stable supply of water as the population grows, the government will increase by a third the portion of the island that is set aside for catchment. "Right now, about half of Singapore's
      375 words
    • 309 10  -  By LIZA LIN RELIEF organisation World Vision International is poised to take up Singapore's offer to use its facilities as a regional coordination centre for its tsunami relief efforts. Yesterday, Dean Hirsch, president of World Vision, said the non-governmental organisation (NGO) is
      309 words
    • 344 10  -  By ALEXANDRA HO LOCAL property firm Hampden Real Estate Private Limited yesterday said it had merged with UKlisted Savills to form Savills Singapore since Dec 1. The deal, at an undisclosed sum, is part of Savills* plan to step up its presence in Asia. It
      344 words
    • 493 10 TWO more persons have been detained for involvement with terrorist groups, the Ministry of Home Affairs (MHA) said in a statement yesterday. They are Mohd Agus bin Ahmad Selani and Anis bin Mohamed Mansor. The statement also said Othman bin Mohamed, a member of
      493 words
    • 256 10 NORTHWESTERN University's Kellog School of Management, one of America's leading business schools, plans to start alumni networking and research programmes with the National University of Singapore (NUS) to develop future ties between the two schools. Kellog School of Management dean Dipak Jain, who
      256 words
  • Page 9 Advertisements
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  • Page 10 Advertisements
    • 860 10 Notices IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF KRETA DEVELOPMENT PTE LTD. (IN MEMBERS'VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of the members of the abovenamed Company held at the registered office of the company on Wednesday. 12" 1 January 2005 at 3.00
      860 words
    • 281 10 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF KELLOC INVESTMENTS PTE LTD. (IN MEMBERS'VOLUNTARY LIQUIDATION) At an Extraordinary (ieneral Meeting of the members of the abovenamed Company held at the registered office of the company on Wednesday. 12" January 2005 at 2.30 p.m.. the
      281 words

  • ECONOMY WATCH
    • 460 11 Inflation stays low, consumer spending could slow this year, she says Bloomberg [WASHINGTON! The US economy will likely grow about 4 per cent in 2005, a level that suggests the Federal Reserve will continue to raise interest rates, said Cathy
      Bloomberg  -  460 words
    • 374 11 Reuters [NEW YORK] US Treasury Secretary John Snow on Wednesday said key trade partners will have to pick up their pace of growth to help correct the massive US trade gap and he intends to carry that message to a meeting of the
      Reuters; AFP  -  374 words
    • 334 11 LATEST US DATA Reuters. AP [WASHINGTON] The prices of goods imported into tiie United States fell by a much more than expected 1.3 per cent in December, a Labor Department report showed yesterday, but the cost of non-petroleum imports rose
      Reuters.; AP  -  334 words
    • 448 11 Firms are setting up in China to tap low labour costs said in a report. Bloomberg, AP. AFP [BEIJING] Foreign direct investment in China rose about 14 per cent to a record last year as foreign companies expanded to tap rising demand
      said in a report. — Bloomberg, AP. AFP  -  448 words
    • 396 11 AP, Reuters. Bloomberg [FRANKFURT] The European Central Bank (ECB) left its key interest rate unchanged at 2 per cent yesterday as it waits for signals that the continent's hesitant recovery has built up more strength. The decision by the bank's 18-member governing
      AP,; Reuters.; Bloomberg  -  396 words
  • Page 11 Advertisements
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  • MALAYSIA/INDONESIA
    • 355 12  -  Draft settlement between S'pore, KL submitted to respective govts By DANIEL BUBtAS DELEGATES from Singapore and Malaysia have submitted a draft settlement agreement to their respective governments which may end the dispute over Singapore's land reclamation in the Johor straits, the two countries said in
      355 words
    • 413 12 Reuters. Bloomberg [KUALA LUMPUR] Power failures hit four Malaysian states yesterday, plunging shopping malls and offices in the capital into semidarkness for almost three hours and shutting down production lines at some factories. The country's most widespread power failure since August 1996, when peninsular
      Reuters.; Bloomberg; REUTERS  -  413 words
    • 2290 12 VOL FS8M 0.90 007 135 i—11 m W- rtm FTEC Resources .0.44 unch ***** Furqan But. Org .0.39 unch ***** ASM Realty 1-37 unch 50 Gadang 1.44 -0.01 286 Abric *61 003 167 Gamuda .5.30 0.09 1324 ACPIraMtrm —1.18 -043 27 GeneralCorp *54 0.03 471 Advance
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    • 277 12 Reuters [JAKARTA] Malaysia's most valuable telecom company, Telekom Malaysia Bhd, has finalised most of its acquisition of 27.3 per cent of Indonesian mobile operator Excelcomindo Pratama. an Excelcom executive said yesterday. Rudiantara, a director of unlisted Excelcom, said Telekom Malaysia had paid US$265 million for
      Reuters  -  277 words
  • Page 12 Advertisements
    • 1803 12 ■KVjßfl|l|H| Call toll-free 1800 289 8822 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND MINYING PTE LTD (In Members' Voluntary Winding Up) REG. NO. *****7224G Al an Extraordinary General Meeting of the Company held at 15 Beach Road #03-10, Beach Centre, Singapore *****7 on the 10* day of
      1,803 words

  • GREATER CHINA/INDIA
    • 729 13 Sealing new deals may get tougher as China, India firms step up presence Reuters [LONDON] Kremlin invitations to Chinese and Indian state oil companies to boost their presence in Russia have prompted fears among some Western oil companies that they will find
      Reuters  -  729 words
    • 509 13 Bloomberg [TORONTO] Hong Kong billionaire Li Ka-shing plans to sell his estimated Csl.2 billion (SSI.6 billion) stake in Canadian Imperial Bank of Commerce and donate the proceeds to a new charity he is starting in Toronto. Mr Li holds 17 million
      Bloomberg; AFP  -  509 words
    • 246 13 Bloomberg [MUMßAl] Azim Hasham Premji, chairman of software company Wipro Ltd, heads the Business Standard's list of wealthiest Indians published by the newspaper yesterday. Mr Premji, worth 311.9 billion rupees (SSI 1.6 billion) based on his holdings as at Aug 31, 2004 in India's
      Bloomberg; Source: Business Standard  -  246 words
    • 220 13 Bloomberg [HONG KONG] PCCW Ltd, which provides phone services to 70 per cent of Hong Kong homes, will be allowed to set its own domestic charges without government approval for the first time, the city's regulator said yesterday. The Telecommunications Authority said
      Bloomberg  -  220 words
    • 431 13 Reuters [HONG KONG] Pro-democ-racy lawmakers in Hong Kong angrily accused the government yesterday of colluding with big business and ignoring the plight of ordinary people. "You said you would be adamant in opposing collusion between the government and business sector, and
      Reuters; REUTERS  -  431 words
    • NOTE BOOK
      • 74 13 Reuters [BEIJING] China, the world's largest cigarette market, has banned the construction of new cigarette factories, even foreign-funded plants, and foreign firms will be barred from cigarette distribution, state media said yesterday. China is the world's largest producer and consumer of cigarettes with an estimated
        Reuters  -  74 words
      • 83 13 Reuters [BEIJING] China has started drafting rules for an eventual bank deposit insurance system, moving towards protecting savers and helping liquidate indebted banks, the official China Securities Journal said yesterday. "The State Council (cabinet) has in principle approved the establishment of a deposit insurance system,"
        Reuters  -  83 words
      • 123 13 Reuters [TAIPEI] Chinatrust, the owner of Taiwan's largest private bank, yesterday posted a worse-than-expected fourth quarter profit, though it nevertheless swung from a large loss a year ago. But the 2005 outlook for Chinatrust Financial Holdings is bright, said analysts, who are expecting around
        Reuters  -  123 words
      • 113 13 Xinhua [BEUING] Chinese tax officials and policemen have uncovered a massive tax fraud case involving 2.8 billion yuan (*****.4 million) and 211 firms in 11 provincial areas, the State Administration of Taxation said yesterday. Meanwhile, in Shanghai, the Shenzhen stock exchange said it
        Xinhua  -  113 words
      • 86 13 Reuters [SHANGHAI] China's Yongle Electronics has won final approval to sell a 20 per cent stake to Morgan Stanley for US$5O million, making the US investment bank the third largest shareholder in a firm set to list overseas in 2005. Sales
        Reuters  -  86 words

  • ASIA-PACIFIC/WORLD
    • 457 14  -  But 2m poor living in coastal areas will be at risk: ADB By ANTHONY ROWLEY in Tokyo THE overall impact on the economies of countries that were hit by last month's devastating earthquake and tsunami in the Indian Ocean will be less than the
      457 words
    • 370 14 TSUNAMI AFTERMATH Reuters. Bloomberg, AFP [BANDA ACEHI Indonesia welcomed an immediate interim debt freeze on Wednesday by Western governments but Sri said the measure did not go far enough. The 19 members of the Paris Club of creditor nations agreed to an initial three-month debt
      Reuters.; Bloomberg,; AFP  -  370 words
    • 244 14 Reuters [LOS ANGELES] Before, musicians produced a "sonic tsunami", Wall Street analysts foresaw "tsunamis" of bad earnings news and Japanese restaurants served "tsunami" sushi rolls. The word was used in dozens of different contexts, but now it likely will appear with just one,
      Reuters  -  244 words
    • 511 14 Analysts sceptical tactic will work as Euronext also says it's keen on LSE Reuters, AFP [FRANKFURT] Deutsche Boerse chief Werner Seifert has warned the London Stock Exchange that he will launch a hostile bid unless the board backs his takeover offer, a source
      Reuters,; AFP  -  511 words
    • 421 14 Reuters INKW YORK] Frustrated by years of laggard performance, investors and analysts say Morgan Stanley must boost returns in its businesses or else consult some investment bankers. Since the beginning of 2000, as the technology stock rally neared its peak, Morgan Stanley shares
      Reuters  -  421 words
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  • WORLD
    • 606 15 Revenue is up 74%, it is their largest ever increase NYT, Bloomberg [NEW YORK] Apple Computer announced a quadruple increase in first quarter profit, its biggest ever, on strong holiday sales of iPod music players. The results came a day after
      NYT,; Bloomberg  -  606 words
    • 483 15 Investigation has uncovered evidence of potential violations: sources Bloomberg [WASHINGTON] The US Securities and Exchange Commission has begun talks with several brokerage firms about a combined settlement of its probe of the US$2O4 billion auctionrate bond market, people familiar with the matter
      Bloomberg  -  483 words
    • WORLD WATCH
      • 72 15 AFP [MILAN] Achille Maramotto. founder of the hugely successful Italian fashion group Max Mara, has died after a long illness, his family announced to news agency Ansa. Maramotto, who recently turned 78, was also well known in financial circles for having served on the boards
        AFP  -  72 words
      • 66 15 Reuters [SEOUL] South Korea's Posco, the world's fifth-biggest steel maker, yesterday said its fourth-quarter profit more than doubled, bolstered by higher steel prices and a firmer won currency. Fourth-quarter net profit jumped to 1.19 trillion won (SSI .9 billion), according to Reuters calculations
        Reuters  -  66 words
      • 64 15 Reuters [SEOUL] Woori Financial Group plans to merge its brokerage unit with LG Investment Securities after March to create South Korea's biggest brokerage, Woori's chief executive said yesterday. Woori Financial bought a controlling stake in LG Securities last year. It had planned to merge LG
        Reuters  -  64 words
      • 54 15 Reuters [NEW YORK] News Corp has had informal talks but no formal negotiations with Liberty Media Corp about buying back Liberty's 18 per cent voting stake in the group, News Corp said on Wednesday. Its president Peter Chernin said News Corp would consider
        Reuters  -  54 words
    • 502 15  -  By RAVI KANTH in Geneva FACED with the deteriorating health of the world trading environment due to the damage caused by proliferating bilateral free trade agreements (FTAs), the Sutherland Commission has proposed radical changes in the functioning of the World Trade
      502 words
    • 285 15 Reuters [CHICAGO] Motorola Inc on Wednesday said its No 2 officer, who had been passed over for the chief executive post, will resign by monthend to seek a top spot with another company. Mike Zafirovski, 51, Motorola's president and chief operating
      Reuters  -  285 words
  • Page 15 Advertisements
    • 197 15 OVERSA-CHMBK BANKING CORPORATION UMVTED LOST STOCK CERTIFICATES The following stock certificates have been reported lost, mislaid or destroyed by the respective stockholders:cnnwateNo No of Stock InttttNamtpf P*****90 1 x $94,000 Yeo Cheng Ho Jon Raymond P*****38 1x 401 HooHee Yong P*****70 Ixs 72 Estate of SooChan Chiew deceased P*****73 1
      197 words
    • 317 15 IN THE MATTER OF JARDINE INTERNATIONAL MOVERS (S) PTE LTD (IN CREDITORS' VOLUNTARY LIQUIDATION) COMPANY REGISTRATION NO. *****0824R NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act. Cap. 50, that a Final General Meeting of the members and creditors of the abovementioned Company will be held at
      317 words
    • 157 15 IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF REK TECHNOLOGY (S) PTE LTD (Company Reg. No. *****7532 D) (In Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap 50 the Final Meeting of
      157 words
    • 194 15 IN THE MATTER OF COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF NORTH LIGHT RESOURCES DEVELOPMENT RTE LTD Company Registration No: *****6407K (IN MEMBERS' VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Cap. 50 that a Final Meeting of
      194 words
    • 199 15 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF ACOMARIT ORIENTAL SHIPMANAGEMENT PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) COMPANY REGISTRATION NO.: *****2036Z FINAL MEETING NOTICE is hereby given pursuant to Section 308 of the Companies Act, Cap. 50, that a Final General Meeting of the
      199 words
    • 210 15 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF ARDELA PTE LTD (IN MEMBERS'VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING Notice is hereby given, in pursuance of Section VWi of the Companies Act. Cap. .SO. that the FINAL MEETING of the mem hers of the above-named
      210 words

  • Page 16/17 Advertisements
    • 367 16/17 ,i^HHgMf^^Hg^n I, IfiBHBBIiHHIBBiBHBBBfIBII^IBIBBB '«W|,'flfc ,:*Tr JSfciß A> gH y v> f*' gßto rH JE^KJ M /<f v > §BSBMB^^^^BJ^^^^^^^:' -.feiitiL. < i..:. i§4 i£ 1111 illlllSP i 111! llillli 1 illaPllß^^Bßß»iß^^^^^^^^Hßi^Bßß^llßlßß^SP^' 8 r•" toy* IBBillJeo* 4 «m>M <^#'-^%>f "r m r 11 v' filbri* >h 1n r I fii n-i
      367 words

  • AVIATION
    • 348 18 Police need to act quickly as shining into cockpits increase Bloomberg [WASHINGTON] From next week, US airline pilots must start reporting incidents of lasers shined into cockpits so law enforcement can track down and prosecute perpetrators, Transportation Secretary Norman Mineta said on Wednesday.
      Bloomberg  -  348 words
    • 388 18 Bernama [DOHA] Some 20 contracts are up for grabs in the first phase of the US$2.5 billion New Doha International Airport in Qatar, which will rival the regional hub, Dubai. Located four kilometres away from the present international airport, it is due
      Bernama; AP  -  388 words
    • 278 18 AFP [HANOI] US carrier United Airlines has opened a ticket office in Vietnam's capital, the second one in the country, the airline said. The American airline flew back to Vietnam in December, the first time since the fall of Saigon during the Vietnam
      AFP  -  278 words
    • 279 18 Reuters [FRANKFURT] Frankfurt airport's December passenger count rose 3.2 per cent from a year earlier to 3.63 million, boosted by growth in long-haul travel, airport operator Fraport said yesterday. Air freight at continental Europe's largest passenger and cargo hub rose 18.8 per cent in
      Reuters; AFP  -  279 words
    • 184 18 AP [BERLIN] An easy Jet pilot has been suspended while the airline investigates whether she showed up for a flight drunk, the company said on Wednesday. The pilot had been scheduled to fly a 6.45 am flight on Friday last week from Berlin's Schoenefeld airport to
      AP  -  184 words
    • 1996 18 CITY FLIGHT ITA FLIGHT ETD Delhi SQ407 0440 ICS56 1145 .-ana, c IC855 1015 AM81 1355 is!! llil AI480 1240 SQ406 1620 Off 855 Donpatar Bali UN9104 0340 SQ142 0935 c rTf c UN9458 0340 S0146 1640 Ahmcdabad SQ461 1420 SQ462 0220 SQ141 1145 GA841 1825
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  • SHIPPING
    • 980 19  -  DONALD URQUHART examines what the new entrant to the port big league is up to and finds distinct potential DONALD URQUHART DOUBTS have emerged in South Korea on the ability of Dubai Ports International (DPI) to operate nine berths
      980 words
    • 332 19 Foreign trade via Fuzhou port up 31 in 2004 Xinhua [FUZHOUI Foreign trade via the Fu/hou port in south-east China's Fujian province surged by 31.25 per cent year-on-year to reach U5511.42 billion in 2004, according to the Fuzhou Customs. Figures released by the customs show that exports in 2004 were
      Xinhua  -  332 words
    • 294 19 Bloomberg IBKIJI N(i I China is proposing to build the world's longest undersea tunnel, a 200 km highway that would link its south-east coast to Taiwan's capital, Taipei. The project would be four times the length of the 53.8 km tunnel linking Japan's main
      Bloomberg  -  294 words
    • 490 19 Bloomberg [NEW YORK] New York City and the Port Authority of New York and New Jersey have agreed to build a US$3O million cruise termini! in Brooklyn as part of a US$2OO million programme to modernise and expand the city's passenger ship facilities.
      Bloomberg  -  490 words
    • 185 19 Bloomberg [SHANGHAI] Shanghai Waigaoqiao Shipbuilding replaced Dalian New Ship Heavy Industry as China's largest shipyard by output last year. Waigaoqiao Shipbuilding completed construction of 1.75 million deadweight tons of ships in 2004, compared with 500,000 tons a year earlier, said the China Iron and
      Bloomberg  -  185 words
    • 315 19 SGX '000 mm ss w- v> CH Offshore 0.39 0.01 1295 ChuaoHup .0.68 unch 572 Cosco Corporation _...1.25 unch 3614 CWT Distribution .0.66 unch 86 Ezra Hldgs 1.18 0.02 454 Freight Links 009 unch 1980 Grand Banks Yacht 1.00 unch 8 Java Holdings 1.03 0.01 2092 K1 Venture
      315 words
  • Page 19 Advertisements
    • 71 19 nmJr m It is at the heart of our work, not only the energy we provide to the entire world, but also the energy which drives our people. The following represents our needs in Saudi Arabia: Marketing Manager Facilities Planning Petrochemical Corporate Planning tT Refining/Petrochemical Power Distribution Consultant Utilities Oil
      71 words

  • EDITORIAL & OPINION
    • 512 20 EDITORIAL IT hasn't escaped notice that the Singapore government's roadmap for the country's near future as fleshed out in the President's Address to Parliament on Wednesday is, for once, refreshingly clear of hard statistical data, rankings or growth targets. But make no mistake, keeping the
      512 words
    • 785 20  -  THE BOTTOM LINE ANDY MUKHERJEE Bloomberg IT may look and feel like a soft landing, though the recent slowdown in China's economic growth is probably a hard knock packaged in easy installments. A deceleration in gross domestic product growth during the first three
      Bloomberg  -  785 words
    • 920 20  -  With many Asian companies increasing their payouts, analysts say concentrating on dividend stocks could remain a valid investment strategy By MIKI TANIKAWA International Herald Tribune FOR a long time, "growth" and "income" could hardly be found in the same sentence when it came to
      International Herald Tribune; AFP  -  920 words
    • 894 21  -  WTO involvement in the transatlantic clash would have slowed down negotiations on the Doha trade liberalisation round SHADA ISLAM Brussels Correspondent THIS week's surprise transatlantic agreement to stop squabbling and start negotiating an end to government handouts to Boeing and Airbus is good news for
      AFP FILE PHOTO  -  894 words
    • 705 21  -  LETTER TO THE EDITOR Penelope Phoon Head of ACCA Singapore I REFER to the report, "Australian corporate tsunami donations criticised" (BT, Jan 8). Various corporations are responding to the needs of victims in the Asian tsunami disaster. Some are giving fixed monetary contributions,
      REUTERS  -  705 words

  • Page 21 Advertisements
    • 194 21 The Skinny I on AIWO Cuisine. AIWO CALORIE FACTS SERVINGS CHOICES: UNLIMITED NO. OF DISHES SERVING PER Meal: 10-14 DISHES Amount Per Serving Daily Value* Calories 50 Calories from Fat LOW Total Fat: Good quality fats only Monounsaturated Fats, Omega-3 fatty acids etc. olive oil used Cholesterol: low Sodium: moderation
      194 words

  • 10551 22 STRAITS TIMES INDEX STOCKS 1 Omm a—i 9m*mrnm m Omm Omm AllynSOc 0l3? 1 170 *0-010 NOl V» 1000 w isaac o«e i oeo *obm oac ioj» moo CJPWLIna 138 MwgNa 0J9 1.530 *0.010 OwlS—Ce»d2fc 0i70 0JS0 NettetfoodKlOcOuM 1570 m_ L&o *0.100 5GK 1c 1J0 VWC *0010 at
    10,551 words

  • 6221 23 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES k> tout atri III ill irtS Hdy \yt dy Syt dy Syr taw U lnd«» Chjwg* Chjr»q« Chang* Change Ch«ng« Ch»nq« World Index Preliminary 838 7 -03 7.7 -03 6.0 02 '03 t [Aft Preliminary 768.9 -0.7 9.7 -0.1 10J 03 15.3 Europe
    6,221 words

  • Page 24 Advertisements
    • 1744 24 I TO USA/CANADA "1 I EXPORT I I OTHER DESTINATIONS 1 Ivtssa VQY I PRO IiTASIWIIQHGKAOiIPAUASI HOUSTOWI MHWPMIS [CHICAGOI MIW Y0«IC TO AUBTRAUA (AUSTRALIA ASIA EXPRESS) P&O NEDLLOYD KOBE 45E0? 11/01 12/01 I 28/01 03/02 04/02 02/02 02/02 05/02 VESSCi VQY' TfTsw!* ~P»Q I FRf I INE I SYP Mi
      1,744 words
    • 931 24 IINTIRASIA KOtO SIKVKI vissa/vor mwo) hbchtwu m lo sm *r STtAITS VENTURE 01/05 IS 3.2 13/01 14/01 11/0) STRAITS VENTURE OZ/0S IS 3.7 20/01 23/01 27/01 30/01 01/02 STRAITS VENTURE 03/05 IS 12 03/02 05/02 10/02 1 3/02 01/03 IWIST ASIA/BKNOAL RORO SVS vKsa/vor mmkkd hbohtcm) tok kh khh mir
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  • Page 25 Advertisements
    • 657 25 MOt rcmbiim o rang* of sfcippotg modes to mmmv fsfablt MfviMS cwvring najof ports in ~~~^> k| __A __2 .I C M. wooii AfiwncO/ curopS/ japon, MM9 VPBPBWO* vMdJn IWI^/ KAOHSBW6 miGKOt IAM CHAMMG WXWWMN MSB OtPAHC PPUIIS HUT BUIM For Schedules, BL Searches, and Container Tracking, visit on our
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    • 1243 25 rasa <0Y SIN JKT HKTPIhTwC KYW WIS VBSa WY SIN JKT SUB HKG USX WIS HTWADIVOSTO» IS3S 20/1 H/l 27/1 29/1 31/1 2/2 2/2 KMTC SHANGHAI SOIS It/1 19/1 70/1 25/1 29/1 30/1 HT WOMBS 090S X/l 27/1 29/1 V? 5/7 7/1 V? KMTC POUT KELAWG SOls 23/1 26/1 27/1
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    • 877 25 WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICQ POINTS YtSStl VOY SIN PJttAMC tOLOWO N. SHIVA COtOMBO mtVGMCHI OOMW II JAM OMIT hjar LLW 2ZJAI jgjßg 005W II JAM OMIT 23 JAN 26 JAM 79 JAN PACIFIC QUEST 0003W 24 JAW 26 JAM HJAM 01 FB
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  • Page 26 Advertisements
    • 678 26 U&jyr WALLENIUS WILHELMSEN website: http://www.2wglobol.tom VESSEL VOY RAMP HEIGHT SIN IK ~MAO~ HOU# MIA SAV lAL ORF NYC ~NtvT" MOI TARAGO AFSO2 320T«u 6.4 M 18/01 OMIT 18/02 25/02 26/02 03/03 01/03 05/03 22/02 TEXAS Af 503 420TMS 6.4 M 08/02 02/03 12/03 19/03 20/03 24/03 22/03 26/03 16/03 TAMERUNE
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    • 664 26 BSA ii MYANMA In FIVE STAR LINE (Myaiimar National Line) Loading (or Yangon VESSEL VOY SIN PKL PIN PGU PAGAN 338W SID SID HPA-AN 330W SU> IN MAUYSIA: lOUSTEAD SHIPPING AGENCIES KUI/PKI: 03-*****388 PEN: 04-*****1S ACCEPTING CONVENTIONAL C6O HKG SIN HKG SIN PGU PKL KUC CRYSTAL HEART 16 SID SLO
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  • Page 27 Advertisements
    • 1230 27 f\ f\ S poie Agents lAL Shippiag Agency (S) Pie ltd (CR NO: **********0Z) \§J (J I 180CealStteel *1103 Bonglol Bonk Building Singaporeo69S46 cynterasia JLrineS W 6323-6466/77 Fax 6323 6433 We6»lte: www.iattratialiaat.ca* SUPER EXPRESSSERVICETOHONQ VESSEL VQY OSK KOB SMZ TYO TOK HKO PKL SGP VB» [SMZ |TTO [YOK I MOL
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    • 413 27 I T CARRIERS sxl WMKWPfWff»»W(t WEERIT FIXED DAT SOIIIIIC SIMOtPORE fO»T UAMC TAM6ON ivtssa vot hw m tcm TAM6OH STAR 3708 11/811W 13/01 THU 17/81 MOW msmsm 37m »3/0 i SUM 25/oiiw 79/01 sat IUKCm STM 372 M 04/01 FRI 06/07 SIM 10/0? THU TAMGOH STMI 373N It/02 WB) 11/07
      413 words
    • 1000 27 /T~l DH7 I IMFQ MAM: TIL 4221-1333 FAX: 6221-5272 I /rn LllvCw OPERATOR rrmr Pn CUSTW HI 6221-5596 FAX: 6227-tl9o I SINGAPORE: TONG XX) SHtPPING PTIITD CR NO: *****M0000C Website: www.pdzfiMS.CMi B KICUIAI COinAINIMSID SitjnCISJOjUUYSIA, HMNiI, iYMIMM Mil ¥lITimH vtssa vor" rasw loi wo vtssa wy etasw"m vtssa "voT eta
      1,000 words
    • 353 27 Liner breokbulh servi<e S.I. Asio/USA vite verso SPECIAUSE IN HEAVY LIFTS A PROJECT CARGO YOKOHAMA D«»l—*«■ ■V INDUSTRIAL OKI 05 '01 low Uo<4i StvatM, VaniMk Hnstai USK Ottw p«rt w Mkmmil ■U| UniMiin MV MOUSTKIAI CHAMP WW Lmh iMtk/SttdN* Hwitan, USK OtW ptrt m l.fcnim.l SMGAPORf MV INDUSTRIAL OiAtGfR 22
      353 words
    • 488 27 250E1^3/OUOI^ISCHARGIN^ONI^B ■PiffWl TIGER WAVE 2SON 15 14/01 21 23/01 79 30/01 I ■MUIimI TIGER PEARI 251N 19 19/01 25 27/01 01-02/02 ■nniM T'GER SKY 252N 23 24/01 29 31/01 06 47/02 I ■■■■TIGER SEA 2S3N 26 27/01 014)3/02 08-09/02 TIGER WAVE 2S4N 29 30/01 04W02 12 13/02 1 »™n3ir!MpHiiTAM 3M
      488 words

  • THE BUSINESS TIMES SHIPPING TIMES
    • 7672 28 This ETA ETA A further VmmI Voyaf* Telephone ETA ETA Admrtker Veae4 Voyage Telephone S* Oeefn Nmh MMker Mwber SM Detfn Mane Name Number SET ■BMMMMNMBHRHBBHBMMMMMiMMBBHMaiMBMRMBRMBMNRMBBtK* ■MMHHMMMHMKMMHHHHaMHMMKI to ABIDJAN (Ann 3003 f«t. n'iw«i» To GUAYAQUIL (GYE) 2142 Ecuador 22*11 01/03 CM* CGM CMA CGM
      7,672 words

  • ARTS
    • 640 29  -  Hema Malini talks to PARVATHI NAYAR about her enduring love for the ballet form PARVATHI NAYAR DREAM Girl. That was Hema Malini's sobriquet in her heyday as Queen of Bollywood, a career that began with Sapnon ka Saudagar in 1968. Even at the time, Malini was
      640 words
    • 526 29  -  By CHEAH UI-HOON FRINGE looks set to be the new mainstream in this year's arts calender. Two local theatre companies The Necessary Stage and The Fun Stage have independently devised their own fringe festivals, which will be held back-to-back from midFebruary to early March. Add
      526 words
    • 766 29  -  By PARVATHI NAYAR WHO Are You?, demands The Who on CSI, the current TV fave. The TV serial's rather engrossing premise is that forensics can answer the question. But an art show in town. Contemporary Self-Portraiture/ Reassessing Identity, suggests that the answer is far
      766 words
  • Page 29 Advertisements
    • 38 29 Buffet celebration. Ready, steady, go! STRAITEKITCHEIVI I|lPl| Grand Makan Experience. M#vv Open! Call 6416 7114 for reservations. SINGAPORE Reg. No.: 1986-*****-e 10 Scotts Road Singapore *****1 TEL: +65 6738 1234 FAX: +65 6736 3061 singapore.grand.hyatt.com ©2004 Hyatt Corp.
      38 words
  • Page 29 Miscellaneous
    • 359 29 CRYPTIC CROSSWORD ACROSS 2 Add to endless story (5) 3 Hearing for at least the second 1 Weather front may become t j me (f) much to first person's liking 4 Bore gave jn (7) ~1, 5 Ineffectual person abroad to 9 Black line from very high-veloci- lack the courage
      359 words

  • ARTS
    • 210 30 Dec 24 (Fri) to Feb 27 (Sun) Botero in Singapore By Fernando Botero (Columbia) Esplanade Forecourt and Waterfront Free Jan 14 (Fri) to Feb 22 (Tue) Esplanade Presents Visual Arts Bottomline.Chinese By Fang-Chu Clare Lin, Wang Yi Yang, Zhang Da, Jenny Ji, Lu Kun, Maleonn, Hideaki Lim,
      210 words
    • 792 30  -  PARVATHI NAYAR finds out how the Visa-Esplanade tie-up is going to benefit both parties PARVATHI NAYAR K don't want to 'buy' the consumers' mindspace on a month-to-month basis. We want to express our dedication and long-term commitment to tho arts in Singapore," says John J Steere,
      792 words
  • Page 30 Advertisements
    • 298 30 wy ffff jgj; 'fIM||HMHH| Debut Three-time Grammy* winner Dianne Reeves is finally here for just one magical evening. Internationally acclaimed for her strong, agile voice and improvisational virtuosity, this I WkJazz Diva will you mmSl "Sultry, savvy, unique, adventurous... "4 she's f/ie hottest thing in jazz." The New Observer L
      298 words

  • CINEMA
    • 880 31  -  The Canadian director talks to PARVATHI NAYAR about his quirky movies, two of which open the SFS 2005 season PARVATHI NAYAR AT some point during a wordy, amusing phone interview with Canadian arthouse director Guy Maddin in Winnipeg, the thought arises, will an entertainment
      880 words
    • 572 31  -  By GEOFFREY EU KINSEY is an expansive, expressive and mostly unexpurgated real-life retelling of how a meticulous scientific researcher gains fame (or notoriety, depending on your point of view) by moving from the statistical study of an obscure insect called
      572 words
    • 419 31  -  By GEOFFREY EU THERE'S something to be said for the big budget biopic especially one directed by Martin Scorsese and especially during awards season but although The Aviator represents his latest attempt to snare an elusive Oscar (he failed to do so with classics like Taxi
      419 words
    • 453 31  -  By PARVATHI NAYAR IT'S that thing that happens to the best of us we want to be liked, we'd like our creations to be liked. That's where director Charles Shyer's remake of the 1960s film j4/fie gets it mixed up if indeed his aim was, like
      453 words
  • Page 31 Advertisements
    • 116 31 ¥¥T1 a J® J A A. Presented a Diners Club Credit Card To apply, call: 6416 0980 Where to wine, dine and entertain... y fSSSSBt www.diners.com.sg Treats m&Smm i mm j £n t oy tKese; detic-ous vcta meoU dcily fcx o limited rime o«ly CV U££o, 56.80 n.n Only per
      116 words
    • 77 31 Asia's Best Sample the b«st of Asian (Mights at Captain's Table Unlimited A La Carte Buffet as we offer the best from the region in Chinese cuisine. Available for dinner on weekdays. Lunch and dinner on weekends and public holidays. $22.80++ per adult and $16 per child under 12 years.
      77 words
    • 118 31 PLAZA PARKROYAL Lunar New Year Packages For Corporate Function It's time to celebrate and delight your business associates in a lavish way. At Plaza Parkroyal, you can choose from 3 auspicious set menus and dine In style in our elegant ballroom. Menus are priced from $438+++. Package A (5 to
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    • 89 31 COURTYARD Corporate Power Lunch Semi Set January 2005, Monday to Friday Need a power boost during the work week? Tuck into an array of highly nutritious and energy giving dishes comprising of international, Chinese and local dishes. Adult $25 Child $15 For reservations, please call 6432 5567. Prices subject to
      89 words
    • 71 31 Wines for all Occasions Budgets Shop now for your Corporate Dinners, Lunar New Year, Weddings or for personal enjoyment. c^ie/ C Viqne' #02-02 Tanglin Shopping Centre Niext to OrcKord Parade Hotel Tel *****213 *****699 *****170 MERITUS MANDARIN SINGAPORE MULTI AWARD-WINNING MANDARIN CHICKEN RICE Come, savour Singapore's favourite dish and other
      71 words

  • executive lifestyle
    • 597 32  -  off the cuff jaime ee Singaporeans have to "stop telling people there is nothing to do in Singapore". When I read that quote from Jimmy Wong, president of the International Festival and Events Association in yesterday's paper, I dropped my Kellog's Frosties and ran
      597 words
    • 1632 32  -  From stylish showrooms to classy museums, these have become the hottest places in town to hold corporate events. CHEAH UI-HOON reports CHEAH UI-HOON WHEN is a furniture showroom not a furniture showroom, and a show kitchen a swanky place to host a dinner party for 12? When they're
      ARTHUR LEE  -  1,632 words
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