The Business Times, 19 January 2005

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Total Pages: 30
1 30 The Business Times
  • 15 1 THE BUSINESS TIMES SINGAPORE '85 cents online at http://business-times.asial.com.sg MICA (P) 023/03/2004 Wednesday, January 19,2005
    15 words
  • 579 1  -  Deals with M'sia, Thailand, Asean and those involving China and Korea will redraw trade map By ANTHONY ROWLEY in Tokyo JAPAN'S trade diplomacy will move into high gear in the next few months as the government seeks to reach basic agreement
    579 words
  • 109 1 STANDING tall with Trade and Industry Minister Lim ling Kiang (centre) yesterday evening were some of the best small and medium enterprises in Singapore. Feted at the Singapore 1000/SMESOO A wards dinner at the Ritz-Carlton Millenia hotel, they were up at the podium to receive their
    ARTHUR LEE  -  109 words
  • 614 1  -  By DANIEL BUENAS [SINGAPORE] 2004 was a record year for investment commitments for HQ and professional services and for the engineering and environmental services (KKS) sector, the Economic Development Hoard (EDB) said yesterday. EDB figures revealed that when fully implemented over the
    614 words
  • 151 1 STI 2,084.19 (-2.93) ST INDEX FUTURES 2.086.00 (-2.00) SIMSCI 248.94 (-0.65) SIMSCI FUTURES 249.60 (unch) MARKETS Tuesday Change KLSE COMP 5.30 NIKKEI 2?S 11.423 26 63 84 HANG SENG 13.***** 1/ 43 SET INDEX 709 55 +1.25 JAKARTA COMP 1,017.73 7.16 MANILA COMP 1,905.45 3.73 SEOUL COMP 920.57
    151 words
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  • TOP STORIES
    • 566 2 Spring launches loan scheme tied to risk profile SPRING Singapore has launched a financing scheme that allows participating institutions to tailor the interest rates on loans to a borrower's risk-profile, Trade and Industry Minister Lim Hng Kiang said yesterday. Speaking at the Singapore 1000/SME 500 awards, he said
      566 words
    • 618 2  -  Job opportunities needed to extend effective retirement age By CHUANG PECK MING [SINGAPORE] Should Singapore reserve jobs for older workers? This poser came from Labour chief Lim Boon Heng in Parliament yesterday on the second day of debate on the President's
      FILE PHOTO  -  618 words
    • 769 2  -  By SHOEB KAGDA in Jakarta INDONESIA yesterday rolled out an impressive range of infrastructure projects worth an estimated US$23 billion that it hopes will attract investments from international companies. On offer at the just ended international Infrastructure Summit here are projects ranging
      769 words
    • 361 3  -  Flexibility for lender will allow more SMEs access to financing By DANIEL BUENAS [SINGAPORE] Spring Singapore has launched a financing scheme that allows participating institutions to tailor the interest rates on loans to a borrower's riskprofile, Trade and Industry Minister Lim Hng
      ARTHUR LEI  -  361 words
    • 703 3  -  By VEN SREENIVASAN in Toulouse, France THE global aviation industry has stabilised and Australia should open up access to its trans-Pacific route to players like Singapore Airlines. Singapore Airlines chief executive Chew Choon Seng said this yesterday at the sidelines of the Airbus
      703 words
  • Page 2 Advertisements
    • 453 2 Goods Services Tax Seminars 2005 Dates The standard rate of Goods and Services Tax (GST) is now 5%. In the past 27 January 2005 f ew months, the Inland Revenue Authority of Singapore (IRAS) has issued 24 February 2005 severaJ administrative practice guidelines on GST and Parliament has passed 17
      453 words
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  • COMPANY NEWS
    • 696 4  -  Its market is sizeable,with a bankin sector worth US$44bover three times the size of HK's By MICHELLE QUAN STANDARD Chartered's significant move into the South Korean banking scene last week has t turned the spotlight towards Singapore banks \and their plans for expansion
      REUTERS  -  696 words
    • 243 4 [JAKARTA] The Indonesian government is offering a 15.25 per cent stake in PT Bank Internasional Indonesia, the nation's sixth-largest lender, in a sale scheduled tp be completed yesterday. the asset-sale agency said. The sale of the stake, worth 1.35 trillion rupiah (Ss24l million)
      243 words
    • 687 4  -  HOCK LOCK SIEW By KENNETH LIM FOR shareholders of Tech Group Asia, assessing their company's planned merger with Sunningdale Precision Industries may ultimately boil down to how much faith they have in the ability of Koh Boon Hwee and his
      687 words
    • 358 4 Loss threatens plans by Intelsat to sell the company GLOBAL satellite operator Intelsat, in which Singapore Telecommunications has a one per cent stake, has lost one of its spacecraft because of an electrical failure, reported the Washington Pott. The loss also threatens plans
      358 words
    • 399 5  -  HSBC economists see normal cyclical recovery for global economy By SIOW LI SEN IT'S going to be a dull year in terms of growth for Singapore equities and real estate, according to HSBC economists. Not that there's anything to worry about it's just that
      399 words
    • 273 5  -  By KENNETH LIM BAKER Technology, which returned to profit in 2003 after six years in the red, yesterday warned of a loss for the six months ended December 2004. But Baker, which won the Securities Investors Association of Singapore's corporate governance
      273 words
    • 528 5  -  Trading hits $500m a month compared to $30m a year ago By JOYCE KOH THE flood of covered warrants that have gushed into the local market since last year has propelled Singapore from nowhere to become one of the top warrant players in
      528 words
    • 260 6  -  Joint venture aims to service 30% of China pulp mills eventually By DALENA LEE A SUBSIDIARY of SembCorp Environmental has become the first Singapore company to penetrate the waste paper market in China. SembEnviro Tay Paper signed a joint venture agreement yesterday with XiangHong
      260 words
    • 176 6 INDIA-BASED agrochemical and pigments manufacturer Meghmani Organics said yesterday it plans to build a new facility costing $6.7 million at its agrochemical plant in India. The facility, construction of which will begin next month, will more than double the company's current
      176 words
    • COMPANY BRIEFS
      • 53 6 UNITED Overseas Bank has raised its stake in Far East Bank to 77.75 per cent by buying 82,060 shares for $100,113.20. Based on Far Eastern Bank's audited balance sheet as at Dec 31, 2003, the consolidated net tangible asset value of the 82,060
        53 words
      • 66 6 UNITED Industrial Corp and Singapore Land have appointed Frederick Go as alternate director to John Gokongwei, Jr, effective yesterday. Mr Go, Mr Gokongwei's nephew, is also director of Universal Bobina Corporation, JG Summit Petrochemical Corporation, Bobinsons. Handyman, Bobinsons Ventures Corporation. among others. He
        66 words
      • 73 6 GUANGZHAO Industrial Forest Biotechnology Group has won rights to carry out selective commercial logging in third-party forested areas and replant these sites with its poplar saplings. The two parcels of forest in Jiangxi province Xiaohuang and Dengjia in Dongxiang city are about 5,333 hectares. Guangzhao
        73 words
      • 97 6 SECOND Chance Properties said its subsidiary Top Chance Properties has signed an option to buy a unit at Boon Lay Place for $1.58 million. The 55.75 sq m property has a tenure of 73 years from April 1 this year. Top Chance will
        97 words
      • 44 6 C2O Holdings has appointed Freddy Sim Guan Huat as its business development director. The distributor of electronics and gadgets said Mr Sim's role is to lead the sales and business development aspects of the company's creative digital entertainment products.
        44 words
      • 113 6 SINGAPOBE Technologies Engineering said its aerospace arm, ST Aerospace, has subscribed for an additional 639,900 shares of £1 each in its UK subsidiary, Bournemouth Aviation Services Company (Basco), for a cash consideration of £639,900 (Ssl .9 million). This is after a capital call by
        113 words
      • 45 6 BBEADTALK said the Singapore Exchange has approved the application and listing of shares for the acquisition ofTopwin Investment Holding for $11 million. Bread Talk said in October that it will allot up to 37.93 million shares at 29 cents each.
        45 words
      • 85 6 888 Holdings said its wholly-owned subsidiary, t Singapore Piling Civil Engineering (Space), has set up a branch office in Colombo, Sri Lanka, which will provide administrative and operational support to the team that's building a 30-storey apartment tower. The tower is an extension to
        85 words
      • 67 6 PLATO Capital, formerly known as PKTech, has received $765,978.05 after the voluntary winding up of Extropia, a software company in which the former invested. This sum will be written back to the financial accounts of Plato. Plato expects the writeback to have a positive
        67 words
      • 114 6 JAPAN Land said the financial impact of a planned acquisition of a 68 per cent stake in the Katsumi Housing Corp has improved based on the latest results of Katsumi for the year ended Sept 30, 2004, against the earlier base of FY2003. Japan
        114 words
    • 413 7 Spending on 3G high-speed phone services to blame Bloomberg MOBILEONE Ltd (Ml), the second-largest cellphone company in Singapore, may post its first decline in quarterly profits since the middle of 2003 because of expenses related to new 3G high-speed mobile phone services.
      Bloomberg  -  413 words
    • 141 7 Reuters JP MORGAN has raised its price target for Singapore's second-biggest property trust Ascendas real estate investment trust (A-Reit) after the firm's quarterly results beat market forecasts on Monday. JP Morgan analysts Christopher Gee and Adele Yeo said in a research note
      Reuters  -  141 words
    • 701 7 State-linked firms in S'pore, M'sia will drive cross-border mergers: bankers Reuters BANKING, telecommunications and the energy sectors look set to lead South-east Asian mergers and acquisitions in 2005 as statelinked firms in Singapore and Malaysia hunt offshore for growth. Indonesian banks
      Reuters; REUTERS  -  701 words
  • Page 4 Advertisements
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  • Page 7 Advertisements
    • 120 7 PROFIT FROM OUR SUCCESS Winner of The Singapore 2004 British Business Awards Hospitality/Retail Franchisees required for locations throughout: B Singapore Bi Malaysia B Indonesia 5 Thailand B India Taiwan Master Franchises still available in: China Q Hong Kong [59 South Korea Taiwan 31 Philippines Kl Brunei S Indochina YOUNG, SUCCESSFUL,
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  • SINGAPORE MARKETS
    • 740 8  -  CURRENCIES Australian dollar and sterling look vulnerable to more losses LARRY WEE Senior Correspondent A SERIES of vocal salvos calling for more flexible Asian currency regimes proved most important in dictating action over the past week, with the yen emerging the favourite by
      740 words
    • Article, Illustration
      15 8  - Compiled by JOY fill VtTMT f i 2jQ ftv- 1 '^>i■ > outsourced (tiMf no Source:
      Source:  -  15 words
    • 381 8  -  STOCKS R SIVANITHY Senior Correspondent THERE was no let-up in the flurry of "buy" recommendations punctuated by the odd "sell" —for traders to feast on during a largely mixed-to-weak session yesterday that saw traders switch out of the banks and SingTel and into Keppel Corp.
      381 words
    • TRADES TO WATCH
      • 83 8 Temasek pares Utac stake TEMASEK Holdings' deemed stake in United Test and Assembly Center was pared to 5.85 per cent from 6.74 per cent after a series of open-market transactions by its investment units. At the same time, its Vertex Venture Holdings has also ceased to be a substantial shareholder
        83 words
      • 64 8 SNF Corp has a new substantial shareholder in Hong Kong International Finance Co Ltd after the latter bought 18.9 million shares, or an 18.03 per cent stake, from 11 SNF shareholders in a deal yesterday. The shares were bought at 35 cents apiece. Shares of
        64 words
      • 67 8 EUCON Holding executive chairman and chief executive Wen Yao-Long bought two million shares on the open market on Monday it 12.5 cents each, raising his direct stake to 0.46 per cent from 0.11 per cent The director also has a deemed 19.01 per cent holding. Shares
        67 words
      • 76 8 FORMER Hong Fok Corp executive director Cheong Pin Seng sold 790,000 shares on the open market on Monday at 25.2 cents apiece throu#i a Hong Leong Finance nominee account, paring his direct and deemed stake to 15.9 per cent from 16.03 per cent He
        76 words
      • 60 8  -  Compiled by KENNETH LIM EU Yan Sang director Laurence Eu Yee Lye sold his entire 163.000-share stake on the open market on Monday at 40.6 cents apiece. He still has a deemed 20.81 per cent stake. Eu Yan Sang, which runs Chinese medicine
        60 words
    • 318 8  -  CHART POINT By LIM SAY BOON, OCBC Investment Research OIL is once again shaping up as a key determinant in the direction of the market near-term. The Singapore market has entered a consolidation mode, trading over the past week within a
      Source: Bloomberg  -  318 words
    • Article, Illustration
      401 8 OTHER SINGAPORE INDICES Jan 18 VALUE CLOSE BTOt/OS 545.00 -89.00 iTCAPI -*****.00 -71.00 IT 10-day MA -*****.00 454.00 AH-SG Equities 543.73 -1.75 SG Equities Elect 163.85 -1.97 SG Equities Fin 1629.63 -1.14 SG Equities Prop 532.70 +6.16 smsa 248.94 -0.65 SJMSC1 Futures 249.60 unch MOST ACTIVE STOCKS VOLUME StorCrufcwtOc 37,819,000
      401 words

  • SINGAPORE NEWS
    • 412 9  -  First decline since 2000; further drop expected this year By DANIEL BUENAS IN a sign that Singapore's economic recovery has started to filter down, the number of petitions for bankruptcy in 2004 fell year on year for the first time since 2000. And economists expect
      Source: GK Goh  -  412 words
    • 152 9 ING Real Estate Investment Management (ING REIM) has appointed Jose Schoel its chief operations officer for Asia. Mr Schoel assumed the newly created position on Jan 1. He has also relocated to Hong Kong from The Hague where he worked, as ING Real Estate's
      152 words
    • 300 9  -  By KALPANA RASHIWALA WITH the Singapore Land Authority yesterday awarding the condo site next to Buangkok MRT Station to top bidder GuocoLand, SLA's consultant for the site, CKS Property Consultants, will receive a fee of $51,753. This works out to 0.*****9 per
      300 words
    • 406 9  -  By CAROLYN QUEK TO excel in today's competitive business environment, companies here should consider switching to a customer loyalty strategy. Dr Crosby of United States-based Synovate Symmetries defined customer loyalty as the behavioural pre-disposition on the part of the customer to act favourably towards
      406 words
    • 386 10  -  The increase is three times the recent fee hikes by NUS and NTU By LIZA LIN SINGAPORE Management University (SMU) said yesterday it will increase tuition fees 15 per cent in the coming academic year. The rise from $5,650 to $6,500 will affect
      FILE PHOTO  -  386 words
    • 429 10  -  By CHEN HUIFEN SINGAPORFANS are worried about the cost of living, even though they expect better things to come from the improving economy, according to Saffron Hill Research. The local market research agency's latest telephone survey found that 22 per cent of respondents said their
      Source: S&P from IB research  -  429 words
    • 293 10  -  By CHEN HUIFEN DRUG discovery and development company Albany Molecular Research Inc (AMRI) has chosen Singapore for its first research operation outside of the US. With its wholly-owned local facility, Albany Molecular Research Singapore Research Centre, the group hopes to capture a
      293 words
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  • ECONOMY WATCH
    • 364 11 Reuters [TOKYO] A slowdown in Japan's recovery is less severe than some feared, a revised measure of economic conditions showed yesterday. But economists said an adjustment in the economy could linger, with exports and industrial production the key to gauging when recovery
      Reuters  -  364 words
    • 477 11 Demand rose 3J% last year despite high prices: IEA Bloomberg, Reuters Reuters IPARIS] Oil prices may surge again this year unless global demand slows as the cost of crude increases, the top oil policy adviser to 26 nations said yesterday. The International Energy Agency
      Bloomberg, Reuters; Reuters  -  477 words
    • 584 11 Reuters [MOSCOW] The party had to come to an end sooner or later. But, after six years of growth averaging 6.7 per cent, Russia seems to be doing its best to turn its oil boom into an inflationary bust. Companies are refusing to invest, spooked by
      Reuters  -  584 words
    • 469 11 Country may again emerge world's top exporter as sales abroad rose 10% Bloomberg, Reuters Reuters [BERLIN] German exports rose to a record last year as foreign demand helped Europe's largest economy return to growth after the longest period of stagnation since World
      Bloomberg, Reuters; Reuters; AT  -  469 words
    • 514 11 Reuters (KUALA LUMPUR] Malaysia's economic growth will slow sharply to 5.7 per cent this year, narrowing the window of opportunity for the government to revalue the ringgit from a position of strength, a leading thinktank said yesterday. Slower global growth would crimp demand for the
      Reuters  -  514 words
    • 507 11 AP [UNITED NATIONS] Global poverty can be cut in half by 2015 and eliminated by 2025 if the world's richest countries including the United States. Japan and Germany more than double aid to the poorest
      AP; REUTERS  -  507 words

  • MALAYSIA/INDONESIA
    • 500 12 World Bank says long-term outlook is positive if reform pledges are kept AFP [JAKARTA] The tsunami disaster could trim Indonesia's economic growth but the long-term outlook remains positive provided it makes good on reform pledges and strengthens infrastructure, the World Bank said yesterday.
      AFP  -  500 words
    • NOTE BOOK
      • 97 12 AFP [JAKARTA] Indonesia's president has ordered a halt to the grim task of counting up the number of people who died in last month's tsunami and earthquake, officials said yesterday. Although the most recent estimates put the death toll at almost 115,000, the true figure may
        AFP  -  97 words
      • 60 12 Bloomberg [SHANGHAI] China's state assets regulator will for the first time audit acquisitions by state-owned companies as part of efforts to curb overinvestment in selected industries. They will check if the companies sought approval before making acquisitions last year in industries such as steel, aluminium and
        Bloomberg  -  60 words
      • 90 12 Bloomberg [KUALA LUMPUR] Public Bank Bhd, Malaysia's No 4 lender by assets, said fourth-quarter profit rose 19 per cent as it lent more and set aside less for bad loans. The bank will pay a record dividend. Net income rose to RM338.9 million (S$
        Bloomberg  -  90 words
      • 72 12 Bloomberg [MUMBAI] India may make it easier for local and foreign companies to enter the country's fuel retailing business by easing minimum investment requirements, Oil Minister Mani Shankar Aiyar said' yesterday. India requires companies to invest 20 billion rupees (*****.3 million) in oil and gas
        Bloomberg  -  72 words
      • 52 12 AFP [BEUING] China's crackdown on corruption has claimed its first high-level victim of the year, with former Sichuan province vice-governor Li Dachang arrested in a case involving some 100 million yuan (5519.7 million), reports said yesterday. Li was arrested on Monday, the Daily Economic News
        AFP  -  52 words
    • 419 12 MALAYSIAN CAR MARKET Dealers passing on effects of new car tax structure [KUALA LUMPUR] Prices of locally-assembled cars have gone up by between 2 and 10 per cent as distributors apply elements of a new tax structure announced late last year to their
      AFP  -  419 words
    • 122 12 IKUALA LUMPUR] The first compact car jointly manufactured by Volkswagen AG (VW) and Proton Holdings Bhd is expected to roll off the Malaysian carmaker's assembly line by the end of the year, reports the Malaysian Business Times. German Ambassador to Malaysia, Herbert Jess,
      122 words
    • 157 12 [KUALA LUMPUR] Daim-ler-Chrysler Malaysia Bhd (DCM) will move its local assembly operations to Pekan in as early as six months following the early termination of its contract with Cycle and Carriage Bintang Bhd (CCB), said president and CEO Frank Steinleitner, according to The Star
      157 words
    • 2179 12 Ml FSaM 032 0 02 SB kill m *4- rm FTKWmowcm 0.45 -0.02 1403 Furqen Oia. Org. 430 -042 5672 A6M Realty 137 002 00 Gadang 147 006 1385 Abric 0-59 -001 106 Ganuda 5JO -0.15 2390 A£P Industrial 1.10 «nch 33 General Corp 0.52 uncti
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  • Page 12 Advertisements
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  • GREATER CHINA/INDIA
    • 541 13  -  CHINA INSIGHT Although Beijing is unlikely to give him official recognition, he remains a symbol of hope for a democratic China JEAN CHUA Reporter ALMOST 16 years ago, TV screens across Singapore showed shots of a lone man facing down a column of tanks.
      541 words
    • 598 13 Reverse outsourcing with an Indian twist Telco Bharti farms out work to Western companies IGURGAON, India] Plenty of US companies are outsourcing work to India. Now, one of India's biggest companies is turning the tables, farming out hundreds of millions of dollars of work to Western companies, including International Business
      AFP  -  598 words
    • 275 13 Reuters [BEIJING] China's banking regulator said yesterday it was still considering reform plans for the country's biggest bank and that a capital infusion was a possibility this year. Asked by reporters about the status of reform plans for Industrial and Commercial Bank of China
      Reuters  -  275 words
    • 340 13 Reuters [SHANGHAI] Shanghai, used to living life in the fast lane, is expected to show slower economic growth this year as China's richest city grapples with power crunches, a property bubble and traffic snarls, the mayor said yesterday. The city of
      Reuters  -  340 words
    • 486 13 Beijing task force to push policies to lift market say sources Reuters. AFP. Bloomberg [SHANGHAI] China is pondering measures to aid sickly stock markets clinging to five-and-a-half year lows, state media yesterday cited a senior regulator as saying, as Beijing frets over Asia's worst-performing bourses
      Reuters.; AFP.; Bloomberg  -  486 words
    • 173 13 Reuters [HONG KONG] Germany's Deutsche Bank and Dutch group ING are competing to buy up to 25 per cent of Bank of Beijing to get a stronger foothold in the Chinese banking market, the Financial Times said yesterday. Deutsche Bank
      Reuters  -  173 words
  • Page 13 Advertisements
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      382 words
    • 32 13 THE BUSINESS TIMES NfIMIKI CONTEST Tk pf.mm ZEN OF PENS If You Have A Yen For Namiki Pens, Read The Business Times Tomorrow. Organised by: the Business Times Sponsored by: O Namiki
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  • ASIA-PACIFIC/WORLD
    • 486 14 Study shows hedge funds are now bigger players in exotic markets [LONDON] Hedge funds now play a dominant role in trading United States distressed debt as well as accounting for a third of all trading in futures, junk bonds and
      486 words
    • 413 14 Bloomberg [HO CHI MINH CITY] Cases of avian influenza in poultry have now been detected in more than one-quarter of Vietnam's provinces and major cities, including the capital, Hanoi, according to an agriculture ministry report. At least 18 of the country's 64 provinces
      Bloomberg; REUTERS  -  413 words
    • 376 14 AFP. Bloomberg (WASHINGTON] The United States has slapped new sanctions against seven Chinese companies as well as two firms from Taiwan and North Korea, charging they may have helped Iran in its quest for weapons of mass destruction and more modem ballistic
      AFP.; Bloomberg  -  376 words
    • 350 14  -  By AL LABITA in Manila PHILIPPINE financial markets yesterday shrugged off a move by ratings agency Standard Poor's (S&P) to cut the country's credit rating. Stocks and the peso were firm, as investors focused on what they believe are the Philippines' stable economic
      350 words
    • 374 14 Bloomberg [PARIS] Business leaders say they are under more strain than a year ago, with stress levels surging more than a third, according to a recent survey. Leading the "stress index" was Taiwan, where 69 per cent of those polled by accounting
      Bloomberg  -  374 words
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  • Page 14 Miscellaneous
    • 188 14 CRYPTIC CROSSWORD Carbon dated corned by doctor (8) 8 Most civil pilot set adrift (8) YESTERDAY'S SOLUTION 77 f f.. 12 f r Pf ha P s Across: 1 Market research. 9 Radi--1 A fine fellow European that s the clincher (7,4) ator, 10 Peace 12 Iris 13 Dare-dev-caught under
      188 words

  • WORLD
    • 517 15 They comprise mobility, home, enterprise, health and global markets Reuters [NEW YORK] Intel Corp reorganised its corporate structure on Monday, introducing new businesses focused on mobile electronics, corporations and homes. And it eliminated a money-losing group centred on communications. This comes months before
      Reuters; BLOOMBERG  -  517 words
    • 270 15 AFP [LONDON] Troubled energy giant Royal Dutch/Shell, still reeling from the revelation that it massively overstated its proven reserves, is to recruit more than 1,000 new engineers in a bid to recover some credibility, a report said yesterday. The new
      AFP  -  270 words
    • 397 15 AP [MOSCOW] The European Bank for Reconstruction and Development has said it will sue Russian billionaire Roman Abramovich in a Swiss court to retrieve a US$l7.5 million debt the bank says it is owed by the tycoon's defunct company. In a long-simmering spat,
      AP; REUTERS  -  397 words
    • 1715 15 STRAITS TIMES INDEX STOCKS S**—» *1 Ctee Otmmt Stock name m dot* Change Allgreen 50e 0.31 1160 >0 030 NOL 2.10 3 020 BIL Intl US20c 0.51 1.130 >0.050 OCBC 10.06 13.900 +0 100 Capita Land 140 2.150 +0 050 Parkway H 25c 0.70 1.550 +0 010 Chart SemiCond 26c
      1,715 words
    • 420 15 FleetBoston merger lifts full-year profit 31% to US$14b AP. Reuters (CHARLOTTE, North Carolina] Helped in large part by the addition of Fleetßoston, Bank of America Corp yesterday posted fourth-quar-ter earnings of US$3.B5 billion, meeting Wall Street's consensus expectations of 94 cents a share.
      AP.; Reuters  -  420 words
    • 241 15 Reuters INEW YORKI Mergers and acquisitions, already coming off an active year in 2004, are likely to post stronger gains this year, a survey of 1,800 bankers, lawyers, corporate executives and others released on Monday found. "Deals are back in a big way," said
      Reuters  -  241 words
    • WORLD WATCH
      • 78 15 Reuters [SEOUL] South Korea's Hana Bank yesterday said it had ended talks with Standard Chartered on setting up a credit card operation after they had failed to make progress. The bank has been looking for opportunities to beef up non-banking operations to
        Reuters  -  78 words
      • 104 15 Bloomberg [SYDNEY] Mark Latham quit as leader of Australia's main opposition Labor Party after falling ill with pancreatitis. His position had been under threat after leading the party to its fourth consecutive election defeat in October. Announcing his decision, the 43-year-old said: "The time
        Bloomberg  -  104 words
      • 129 15 AP [STOCKHOLM] Sony Ericsson Mobile Communications reported a 28 per cent increase in profit yesterday as the cell phone maker raised the number of new models shipped to retailers and increased its market share. The company earned 55 million euros (Ssl 17.4 million) in the
        AP  -  129 words
      • 98 15 Bloomberg [FRANKFURT] Deutsche Boerse, under pressure from some shareholders to abandon an attempt to acquire London Stock Exchange and buy back shares instead, said its supervisory board approved a cash offer for LSE should the German exchange decide to make one. TCI Fund
        Bloomberg  -  98 words

  • AVIATION
    • 749 16  -  UNVEILING OF A380 World's biggest passenger aircraft will fly further and cost less to operate By VEN SREENIVASAN in Toulouse. France THE world's largest passenger aircraft was unveiled at Toulouse before leaders of four European nations, the chief executives of the customer airlines, scores
      AP  -  749 words
    • 426 16 AP [CHICAGO] Boeing Co will end production of the 717 jet, its smallest passenger plane, next year, and plans to charge US$6l5 million against earnings before taxes related to that and the loss of a US$23 billion deal to supply
      AP; FILE PHOTO  -  426 words
    • 210 16 Bloomberg [SAO PAULO] Empresa Brasileira de Aeronautica SA, the world's fourth-big-gest aircraft maker, said airplane deliveries increased 40 per cent in the fourth quarter as the company got certification for its new, bigger jet. The company, based in Sao Jose dos Campos. Brazil,
      Bloomberg  -  210 words
    • 290 16 Bloomberg [WASHINGTON] Continental Airlines, the fifth biggest US airline, said it agreed on US$99 million in wage and benefit cuts with some nonunion workers in a step towards avoiding hundreds of millions of dollars in losses this year. The cuts for 12,000
      Bloomberg  -  290 words
    • LOG BOOK
      • 73 16 AFP [SEOUL] South Korea's national carrier, Korean Air, said yesterday it had set a 2005 sales target at more than 7.8 trillion won (5512.3 billion), up from 2004 estimated sales of 6.8 trillion won. "Demand is expected to grow this year but high
        AFP  -  73 words
      • 108 16 AP [WELLINGTON] An Air New Zealand flight bound for Japan was forced to turn back yesterday after it developed a wing flap problem a few minutes into the 11 -hour flight, airline officials said. The Boeing 767 with 84 people on board was headed
        AP  -  108 words
    • 1752 16 505 m S5 ass a*® fflffi $i 'SS SI "3» H-SE nfi "SK iEl "33! *J2» 1«5S Mh' S0407 0440 KBM 114S -hnnrtitnl S0461 1420 S0462 0220 AU80 07)0 A1481 1355 ***** 0645 KL836 2330 <855 1015 5Q406 1620 ICL835 IMS sSSS 2345 SQ141 1145 S0142
      1,752 words

  • SHIPPING
    • 302 17 Reuters [SHANGHAI] Hutchison Whampoa and Orient Overseas will sign pacts with China's Ningbo port today to invest US$BOO million in expansion projects, the port group's president Li Linghong said yesterday. Hong Kong-based container ship operator Orient Overseas (International) Lid (OOIL) and Ningbo
      Reuters  -  302 words
    • 911 17  -  STRAIT TALK By DAVID HUGHES THE European Liner Affairs Association (ELAA) is not really quite what its title suggests. It might more accurately be called the International Liner Affairs Association. The ElJjyV consists not primarily of European carffers but of the top 25 global
      911 words
    • 847 17  -  BT exclusive Malaysia will also do survey amid concern over tsunami impact Reports by DONALD URQUHART [SINGAPORE] A US Navy hydrographic vessel has begun surveying depths in the Malacca Straits off the Aceh coastline, amid reports of massive depth changes near vital
      847 words
    • 383 17 [SINGAPORE] International organisations responsible for safe navigation have begun assessing maritime infrastructure following the Indian Ocean tsunami which rendered up to 60 par cent of navigational aid on the Andaman and Nicobar Islands inoperable. The organisations have adopted a joint action plan with an immediate
      383 words
    • 260 17 I■» *4- Val CH Offchore 040 i**h 995 Chum Hup 0J8 unch 114 Co«o Corporation.. 127 0.03 ***** CWTD«rfcutkw .0.66 uncfc SI EtnHUgi 124 inch 556 .jO.U) Ml ***** i Grand Ma Yttm ..MOO unch 48 JijalllMhU.. '-M SO 7 K1Venture 027 unch 5327 Kappel Corp.„ 9.50 040
      260 words
  • Page 17 Advertisements
    • 56 17 H I i^l^^Hh Dear Customers We like to inform that MANN+HUMMEI only acknowledge warranties and/or warranty claims of Centrifuge that are purchased from our appointed authorised distributors For mora information on gmmiktm MANN+HUMMEL Wss&SS3ft' Cantrtfuga (formarty known it GtscMf Cantrtfuga) .j '^BK and our authoriaad distributors, ptaaaa contact us at
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  • EDITORIAL & OPINION
    • 475 18 EDITORIAL WHILE India has a long way to go on the road of liberalisation, there is no denying that the process has been gathering speed in recent years. Last week, in a move that bolsters the reform credentials of the government. Prime
      475 words
    • 780 18  -  THE BOTTOM LINE FRANK CHING THE death of former Communist Party chief Zhao Ziyang is a reminder of the tragedy that befell China 15 years ago when the People's Liberation Army was called upon to shoot down unarmed demonstrators, students as
      780 words
    • 926 18  -  India's experience supports argument that FDI not necessarily superior to portolio flows ANDY MUKHERJEE Bloomberg Rrr was a perilous idea that could have cost investors billions of dollars and set back the clock on India's progress by a decade if it had lingered a few more
      Bloomberg; AFP, REUTERS  -  926 words
    • 145 18 'I'm speechless. Everyone was clearly hoping for them to exceed estimates, but I don't think anyone was prepared for this order of magnitude.' -Jim Grossman, US fund manager, commenting on news that Apple's first-quarter profit more than quadrupled 'This year, we have got a harvest. of death
      145 words
    • 3301 19  -  By JOHN WONG A Sat Jan 10,2005, China's National Statistical Bureau (NSB) has not come out with an official estimate of economic growth for 2004. But based on the 9.5 per cent growth for the first three quarters and some key macroeconomic indicators such as
      Source: China Statistics Yeearbook 2004; China Statistics Press, Websites of Ministry of Commerce of China, NSB  -  3,301 words


  • 9241 20 SGX MAINBOARD Transaction date: Jan 18 524* Tri Laat Vol Day LaetQae*e Grtt* Mv GrTW MM Km i»ll{Xl Cum II Sale W- r«Mt W# U» Bayer SeBar Cur P* >a 25.5 5 5716 1st Software 5c 7 wtch 456 7' 7 7 7.5 213 34.5 155 3148 BTdecom
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  • Page 20 Advertisements
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  • 5393 21 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES toteolavr tott mutt %yr *<Jy r %4f r mdw Omnv CStrym Oni Own— Chang* Chang* 6435 flj U M il IU 103 twinoMmi rru 04 H7 12 117 04 111 tuBwPKiw...i| OS 104 OLI 104 03 147 >k*k 13 03 11 7 0,5
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  • Page 22 Advertisements
    • 1532 22 I \Ol I,?. CHICAGO HEW YORK TO AUSTRALIA (AUSTRALIA ASIA EXPRESS) I LOS ANGELES EXPRESS IIEO3 18/01 19/B1 I 04/02 10/02 11/02 09/02 09/02 IMS vBSU VOY rncml „r I r.r I I I OOQROTTEROAM 09E04 OMIT 26/01 I 11/02 17/02 18/02 16/02 16/02 19/02 JWMN_ _P«C FRE RNE_ SYP
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    • 76 22 UK CONTINENT SERVICE Loading for OCEAN ISLAND RTM/ATW/UK LOK PRATAP RTM/ATW/B M N/U K/NAN Loads Singapore, EVW. Malaysia. Indonesia MIDDLE-EAST SERVICE Loading for BAO LONG MEN ADN/HDD/JDH PAN BRIGHT DBI/ABU/DOH/BRN/DMM/KWT LOK PRATIMA DBI/ABU/KWT/BDK "Loads Singapore, EVW Malaysia Indonesia USA SERVICE Loading for HANJIN TAMPA VCW/VCB/LAX/MZL 'Loads EVW. Malaysia, Indonesia F.E./S.E.A.
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    • 848 22 lINTIRASIA KOKO SERVICE vcsa/vor ramhkt) hdghtim) wg k<h 10 I aw I jrt 1 STJAfTC VENTURE 02/05 IS 3.2 20/01 23/01 27/01 30/01 01/02 STIAITS VENTURE 01/05 IS 3.2 03/02 05/0? 10/02 W S STRAITS VEHTURE 04/05 IS 3.2 17/02 19/02 24/02 27/02 IWIST ASIA/UNOAI BOKO SVS VESSEL/VOY RAMKKT) HIICHT(W)
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  • Page 23 Advertisements
    • 900 23 Combirai v a range of shipping modes to ensure timely, reliable services covering motor ports m Norm America, Europe, Japan, Asia, Africa Oceania. Abe icapt btrcAsia Cflfoos 9t: F° r c^ie<^u^es Searches, and Container Tracking, visit on our Home Page: www.mol»in.cowi.«9 www.homburflsud.coin ASAf StRVIQ (EXPORT! leofchc ttofar OS) 6222-ttM SAFE
      900 words
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    • 903 23 WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICD POINTS vessel vor sin Tklanc COLOMRO H. SHEVA colomro" IAY BRIDGt 005W 17 JAN 19 JAN 23 JAW 26 JAW 29JAN PACIFIC QUEST 0003W 24 JAN 26 JAN 29 JAN 01 FEB 04 fEI HOB PERWIRA TPWOS7 31
      903 words

  • Page 24 Advertisements
    • 718 24 VOlAf WALLENIUS WILHELMSEN website: http://www.2wglobal.(om VtSStl I VOY I RAMP I HEIGHT I SWI lIK MAO HOW MIA SAY »Al ORE NYC NEW j>oi~ TMAGO Afso2 3201b« MM lIN PORT 10/02 19/02 26/02 27/02 04/03 02/03 "oSToT ~23/02 7~ TKAS Afso3 420Tms 6.4 M I 08/02 OMITS 10/03 17/03 IS/03
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    • 608 24 BSA 4 MYANMA PQ FIVE STAR LINE (Myaamar National Um) Loading for Yaogoß vissa vor sin pu pin pgu PAGAN 341W 31/01 SU) HPA-AN 330W SU> IN MALAYSIA: ROUSTEAD SHIPPING AGfNCIES KUL/PKL: 03-*****388 PEN: 04-2****** ACCEPTING CONVENTIONAL C6O HKG SM HKG SIN PGU PU KUC MAIM STAR 64 SU) SU)
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  • Page 25 Advertisements
    • 543 25 m <Fi 0- I munwx: Hv w/N 10/11 ii/ti 11/01 13/01 17/11 ji/oi TVOi J* mJ Ml MSB 5243 11/11 11/11 H/M H/11 *1/»1 H/11 */W JWI n/ £2 27/11 li£i 3 /W Ji/E £2! I MU. BOOTY SII7 17/11 77/11 8/11 If/11 31/11 31/11 */K *2"*®""* E£? 17 >M
      543 words
    • 675 25 Ir~m QM |A|CC MMfc TH: 4211-133) MX: iMI-5272 I jrh\ IrUL LINED TMCOOfcpi) obwmb tilanytml fLJ£I murmtrnmnoimrmrnm ?sofiB*S£? •»""i ISrr^ssr^SgT««^i^T^T^l^n^n^T^ g 'l"" ll I «w— jm_ wm wm nm *m t— w» um m/»i «/»i w n/11 »/»< II I■■ _M_ JSOL SUM. iSfll i!ZB_ U&U JSB. MOL SOL f'/f*
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    • 400 25 H||(||Hi!iS^A!^2si^fS/S^»S/o^m^ ■PtPVJfffl IKB SKY 252* 23-24/01 29 31/01 06-07 '0? I HUSUildllGaSE* 253H 27-28/01 01-03/07 08-01 C' I ■SSnniKaWWE 2S4M 29 30/01 04-06 02 12 IVRI ■■■■■TlGaPtAltl 2SSN 01-02/07 0810/0? 1516/07 254W Mil/VI 12-14/B2 20-21/82 ■|M)HMAO«£V» 164 27 21/01 04-06/02 14-15/07 I KUU|&|TIG(t (*Bl 007 28 79/01 05-07 '07 16-17/07
      400 words

  • THE BUSINESS TIMES SHIPPING TIMES
    • 6431 26 tr 5£ r t£T mmmrmrmmmbmmmmnsmmmrmmmrmmmmmbbbbbbmmrmmmm Jo AMMAN (Ml) 2003 CoMDTvota 26/01 1MB Mm DaMASRMMN 51W *****344 ***** 03KB MM DEtMAS ANGO 003* *****344 27(01 0MB CHnSkn PERTHOMDGE 072* S5330M am OBKB CMACGM CMA CGM KAIARIATA SX109K 8WW JM>1 ItAB QMM8 KUMO 00M *****344 am
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  • Page 26 Advertisements
    • 54 26 One-Stop Shipping Services Ship Registrations Ship Classifications Radio Accounting Tuvalu, Mongolia, Panama, Quality, Safety, Security SorvlceS I Belize and many other flags Surveys and Consultants Accounting Authority RSO6 I l#|\ International Ship Registries Re Ltd 1/ 10 Anson Road #25-15, International Plaza, Singapore *****3 Tel: (65) 6226 3626 Fax: (65)
      54 words

  • MOTORING
    • 845 27  -  SAMUEL EE looks at the two factors that will make the increase unsustainable SAMUEL EE ODAY'S COK premiums for passenger cars look set to rebound strongly but the increase may not be sustained for very long because of two factors the lower
      845 words
    • 385 27  -  By SAMUEL EE IN an unusual climax to the recent string of letters and replies in The Straits Times Korum page about the cost of motor insurance, NTUC Income will hold a briefing on Monday for members of the public. Income CKO Tan Kin
      385 words
  • Page 27 Advertisements
    • 87 27 ""T" t >- J* L mmmsmm i Sft iS^iS^J > 1 »".'>«■ j- > i vi. f'%HH^BB tv* l -£y# ■-t 1 -t-,. ;.-> v. m iiiiiili «iHPW!IIJWPPW!fr?fSIf!^^^MI^MB §a^^™Ha^B ,Hß^'^BW^a '^^^SWT^^g^g^^^^^^S^ s jt '^j i V .i^gmwayi^a^" w^ff^WHPPW|BW^M^BWß|HPP|P|Bßpß|i|WßPpß)WPPßW^Bif»j*fc*»g: 2 ||lg§ffiH|^| yf *'~*W-r*W^**.J,I #f 1 r^ «fc-~*?.*^ 'fey^^' y i-.w-t.%.'»' y
      87 words

  • EXECUTIVE MONEY
    • 980 28  -  MONEY MATTERS STANLEY SIM A S independent advisers, we often have to* review clients' insurance policies and we notice that many are paying high premiums without getting adequate coverage. Why is this so? Is getting ourselves fully covered against all insurable risks really
      Source: New Independent Pte Ltd  -  980 words
    • Article, Illustration
      355 28  -  By Chua Bin Lee Standart Poor's associations,fund services AN annual ritual Is played out in Asia at the start of each calends year as financial eperte fearlessly stale their reputations by predating the dtoction of the Tokyo stock maitet Alter languishing far well over a decade japan's Topbt
      355 words
    • 2497 28 UNIT TRUSTS FUNDS mi £S5tv£."—ojSS S2gg?«i«» AS son«*2050_ ouw a5^y MW _z=sas H5K5 MMMClBftMUSD OHM* -r: MP!*? MKOpAoN MM67/ CMMOppMMM** 16W1.718 HohaxtacM Bond SGO/* 1.088 ag"-^ —i MOBMMtNr UB/UH ym MhSw" IJiBn.m HorHESK- 0971/ igmewF— i.mn2i< am/ MMwEMrt" i 1 1.5W1 634 H«r A* E»-japar E«d*<" 1263/ Mtwr 22»<2*B Mrtaa-
      2,497 words
    • 1146 29  -  YOU AND THE TAXMAN KOR BING KEONG and KANG CHOON PIN offer some GST pointers in structuring such transactions KOR BING KEONG,KANG CHOON PIN By ERNST YOUNG CROSS-BORDER service transactions have grown in volume and complexity along with the rise of globalisation and deregulation.
      By ERNST & YOUNG  -  1,146 words
    • 979 30  -  Outlook for fixed-income assets stays muted but some expect 6-7% returns, GENEVIEVE CUA reports GENEVIEVE CUA THE appetite for income continues unabated, even thotigh the outlook for the fixed-income asset class remains muted at best. This time last year, strategists told investors to underweight bonds, as
      MORGUEFILE  -  979 words
    • 349 30  -  By GENEVIEVE CUA ACTIVE managers of Singapore equity funds should have red faces after last year's relatively poor showing. The best performing fund in the category, where there are a total of 10 unit trusts, was a passive index tracker the Singapore
      349 words
    • 785 30  -  By CHET CURRIER IN THE eyes of star high-yield bond fund manager Margaret Patel, stocks are the place to be in 2005. She has put that view into action as well as words, taking the helm of a new stock mutual fund while continuing to
      785 words
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    • 333 29 Qnpr ISI i < Where to wine, dine and entertain... by.- |Stt| A World of Exclusive Privileges Treats 7 MMM www.diners.com.sg m r~~" En,oy these decoys «gjks meqls doily for q limiftd rime only Comnwrto* (W of CA OA coflt. or soft rfnnA n»tt Only per main course K Mti
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  • Page 30 Advertisements
    • 102 30 International Business Park (IBP) Close to Jurong East MRT station and bus interchange 115sqm onwards Raised floor system Column-free layout 142sqm onwards Great tenant mix im> Column-free layout Changi Business Park 10-min drive to Changi airport and close to PIE ECP The Signature 127sqm onwards Next to Singapore Expo Expo
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