The Business Times, 20 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 Thursday, January 20,2005
    15 words
  • 573 1  -  Subsidiary City Gas understood to be in preliminary talks for stake in gas retailer By RONNIE LIM ISINGAPORE] Following Temasek Holdings' recent forays into energy investments in this region, another wholly-owned subsidiary of the Singapore investment company is now eyeing gas retail ventures in
    573 words
  • 260 1 Reuters' IKUALA LUMPUR] Former Malaysian prime minister Mahathir Mohamad, who fixed the country's exchange rate in 1998, yesterday called for a review of the peg as the weak dollar has caused the ringgit to depreciate against other major currencies. "I feel the time
    Reuters'  -  260 words
  • 139 1 Dsn 2.***** (+13.20) ST INDEX FUTURES 2,090.00 (+4.00) siMsa 250.75 (+1.81) SIMSa FUTURES 250.40 (+0.80) MARKETS Wednesday Change KLSE COMP 935.53 -2.03 NIKKEI 225 11,405.34 -17.92 MANGSENG 13.678.63 +74.41 SET INDEX 709.03 -0.52 JAKARTA COMP 1.027.81 +10.08 MANILA COMP 1,946.89 +41.44 SEOUL COMP 916.27 -4.30 SHENZHEN B 227.10
    139 words
  • 45 1 TOP STORIES ...PG 2.3 COMPANIES PG4,5.7 MARKETS PG 6 ECONOMY PG 12 M'SIA/INDON.. PG 13 CHINA PG 14 INDIA PG 15 WORLD PG 16.17 AVIATION PG IB SHIPPING PG 19 EDITORIAL PG 20 LETTERS PG21 STOCKS PG 22.23 BIZFT PG 28 PROPERTY.. PG 29,30
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  • 417 1  -  By SIOW LI SEN [SINGAPORE] Nets has agreed to make refunds to ichqs customers, who might otherwise be left in the lurch following a police probe into Indigoz Exchange, the company behind the instrument. In a statement yesterday, Nets, which had a twomonth promotion
    417 words
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  • TOP STORIES
    • 739 2  -  CAAS says it's still reviewing documents submitted only recently by Awair By DANIEL BUENAS [SINGAPORE] The Indonesian arm of Malaysian budget airline Air Asia, Awair, aborted its maiden flight to Singapore yesterday as it had yet to receive approval from the Civil Aviation
      LIANHE ZAOBAO  -  739 words
    • 633 2  -  By RAJU CHELLAM [SINGAPORE] Despite the marketing push to get more people to opt for high-speed Internet connections, Singapore still lags other developed markets in Asia in broadband penetration. Research house Gartner says Singapore's broadband penetration last year was just 11.4 per cent, compared
      633 words
    • 517 2  -  By CHEN HUIFEN [SINGAPORE] It is not the government's policy to inject Singapore's surpluses into Temasek Holdings, said Acting Second Minister for Finance Raymond Lim. He made the point in Parliament yesterday to refute claims that the Singapore investment agency uses the
      FILE PHOTO  -  517 words
    • 739 2 Singapore can now handle downturn better: economist EVERY leading indicator is pointing to a slowdown, but the Singapore economy will probably weather the coming cyclical downturn better as it is now leaner, fitter and more resilient, says economist Manu Bhaskaran. That's the short-term outlook. But questions persist about
      739 words
    • 485 3  -  But how effectively it adjusts to longer term challenges remains a question Reports by ANNA TEO [SINGAPORE] Every leading indicator is pointing to a slowdown, but the Singapore economy will probably weather the coming cyclical downturn better as it is now leaner, fitter
      485 words
    • 640 3 (SINGAPORE] Singaporeans may be downright class-conscious, but it is religion rather than race or class that poses the most worrying threat to social harmony. That, in any case, is the majority view of members of the audience at an Institute of Policy
      FILE PHOTO  -  640 words
  • Page 2 Advertisements
    • 100 2 Incorporation services in all major jurisdictions Global network of offices Ready-made companies available Management and administration services China business registration Accounting and trade support services Virtual office solutions Personal and corporate bank introductions TO ARRANGE A FREE CONSULTATION CONTACT: SimonneToh T: +65 6535 3382 F: +65 6535 3991 E singapore@ocra.com.sg
      100 words

  • Page 3 Advertisements
    • 234 3 Designed to produce growls, rumbles and sighs. j The mere sound of a Mercedes-Benz What's more, every component must be welded much faster from a cold start. As well as greatly For more details about the complete AMG AMG is enough to stir deep emotions. In fact, 'with the utmost
      234 words

  • COMPANY NEWS
    • 615 4  -  Trust is looking beyond S'pore and office properties By ANDREA TAN CAPITACOMMERCIAL Trust (CCT), one of two < property trusts of property giant Capitaiand, is looking beyond Singapore and office properties to double its asset size to $4 billion by
      615 words
    • 528 4  -  HOCK LOCK SIEW By ANGELA TAN OVER the past few trading days. BIL International Bhares have risen to the# highest price feveit since the company was listed on tip Singapore Excltange in Mtflch 2000. St what's been driving the stock of
      528 words
    • 501 5  -  FINANCIAL RESULTS CEO expects pressure on profit margins this year By MICHELLE QUAH SINGAPORE'S No 2 mobilephone operator, Mobile One (Ml), turned in a 9.2 per cent year-on-year increase in net earnings for the year ended last Dec 31. But the
      PHOTO: ARTHUR LEE  -  501 words
    • 380 5  -  By ANDREA TAN CAPITACOMMERCE Trust (CCT) yesterday turned in a higher than expected income, beating its own forecast by 11.2 per cent, and said it is giving its Market Street carpark a $14 million "extreme makeover". CCT, one of two listed real estate investment trusts (Reits)
      380 words
    • 241 5  -  By WONG WEI KONG MAINBOARD-LISTED SNP Corporation reported yesterday a slight rise in net earnings in 2004 as losses from the disposal of investments and provisions ate into its profits from operations. Net profit for the year ended Dec 31,
      241 words
    • 201 5  -  By KENNETH LIM OVERSEAS Union Enterprise (OUE) warned yesterday that the group's pre-tax profit for 2004 will be "substantially reduced" due to an expected provision for impairment loss for its hotel properties in Shantou and Haikou in China. "However, at the operating
      201 words
  • Page 4 Advertisements
    • 284 4 ■k Mm m M 8A (H* §1 (Incorporated in Bermuda on 23 June 2004) N~%|J|^ Nl^lf j y'n •>•'>•■.-. j«KHjfe s§j& J i 5 > *> tr'i .V ;!r /I iIWIBP &k^ J '-v < 1 t "V < invitation in respect of 61,000,000 New Shares of US$O.O4 each as
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  • Page 5 Advertisements
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  • SINGAPORE MARKETS
    • 508 6  -  STOCKS ST index rises 13.2 points to 2,097.39, with a third coming from SingTel's 3-cent bounce R SIVANITHY Senior Conespondent ANEW day brings with it new hope. For traders, this means a fresh batch of "buy" recommendations or trading ideas on which to base
      Source: Bloomberg  -  508 words
    • Article, Illustration
      464 6  -  Compiled by JOYCE KOOH L was no adverse impact on its hospiteiMv hmdnM hv the r&rant Asian Miiitgr apjr iiw jiivouw tsunami Hospitality operations remwjm jn FYOS, particuoperation has already gained cashflow the number of im- ~iinmimi u fa, trail that 25-30 per cent of afl payment transacted is
      Source: Bloomberg  -  464 words
    • 517 6  -  CURRENCIES LARRY WEE Senior Correspondent THE US dollar retreated anew across a broad front in Asia yesterday, giving up a painftil one per cent or more against selected counterparts after a brief Tuesday night bounce on very strong US flows data. The
      Source: Reuters  -  517 words
    • TRADES TO WATCH
      • 110 6 SESDAQ-LISTED Magnus Energy Group dumped 38.8 million shares of Lantrovision on the open market this week, paring its 11.97 per cent stake to just an unsubstantial 1.97 per cent. Magnus, an engineering group formerly known as Strike Engineering, sold 18.5 million shares at 5.5
        110 words
      • 127 6 LINKS Island Holdings deputy managing director Cynthia Tan Kwee Hiang is no longer a substantial shareholder of HG Metal Manufacturing after she sold 2.8 million shares on the open market on Tuesday. The sale, which was disclosed without pricing information, reduced her HG
        127 words
      • 90 6 FORMER Hong Fok Corp executive director Cheong Pin Seng sold a further 391,000 shares on the open market on Tuesday at 25 cents apiece through a Hong Leong Finance nominee account, cutting his direct stake to 0.125 per cent from 0.19 per cent TTie
        90 words
      • 65 6 SINGAPORE Technologies Engineering's Steven Cheong Mun Lock, who was described as senior vice-president for new business in the company's annual report for FY2003, sold his entire 5,000-share holding yesterday. The shares were sold at $2.43 each on the open market. Shares of ST Engineering,
        65 words
      • 70 6  -  Compiled by KENNETH LIM METAL Component Engineering co-founder and substantial shareholder Chiu Choon Piah sold 800,000 shares on the open market on Monday and now holds just a 5.64 per cent direct stake from 6.35 per cent previously. No pricing information was given. Shares of
        70 words
    • Article, Illustration
      429 6 OTHER SINGAPORE INDICES Jan 19 VALUE CLOSE BT OB/OS 597.00 +52.00 BT CADI -*****.00 +105.00 BT 10-day MA -*****.00 +60.00 All-SG Equities 547.34 +3.61 SG Equities Elect 168.96 +5.11 SG Equities Fin 1636.60 +6.97 SG Equities Prop 535.55 +2.85 SIMSCi 250.75 +1.81 SiMSCI Futures 250.40 +0.80 MOST ACTIVE STOCKS VOLUME
      429 words

  • COMPANY NEWS
    • 558 7  -  IPO WATCH Competition is tough, start-up costs causing a year of flat earnings Reports by KENNETH LIM HOPING to repeat its past success with office equipment designing and manufacturing, Asia Tiger Group is raising $11.5 million in an initial public offering to
      558 words
    • 345 7 INVESTORS could soon have a listed alternative to mobile handset distributor TeleChoiee International with the pending listing of Distribution Management Solutions, a 50 per centowned associate of main-board-listed Accord Customer Care Solutions. According to a preliminary prospectus filed with the Monetary Authority of
      FILE PHOTO  -  345 words
    • 292 7 SINGTEL has been granted waivers by the Australian Stock Exchange (ASX) relating to its quotation arrangements there, to better reflect the level of Austra-lian-based ownership of the company. Currently, the number of Sing Tel CDIs (CHESS depositary interests) quoted on the ASX is based on
      292 words
    • COMPANY BRIEFS
      • 70 7 NIPPECRAFT Ltd said it expects better revenue and net earnings in FY2004. The improvement in earnings is due to its increased penetration into the US and European markets, the company said, adding that margins have improved because of its efforts to enhance product mix and
        70 words
      • 23 7 GUANGZHAO Industrial Forest Biotechnology Group has signed two forest logging agreements covering about 5.333 hectares in Jiangxi Province.
        23 words
      • 54 7 MAKING its first foray into the Indian market, Eco Water's fully-owned subsidiary Eco Water T echnologies (EWT) has inked a deal with PRS-Enterprises to form ajbint venture for"a bio-medical waste treatment project near Mumbai in Kalyan. EWT will invest about $365,000 for an
        54 words
      • 33 7 SINGNET, the Internet arm of SingTel, has launched its new BroadBand 3500 kbps Unlimited Plan targeting residential customers. It comes bundled with free music downloads, video-on-demand and games.
        33 words
      • 73 7 FOOD Junction Holdings said it has increased its investment in fully-owned subsidiary Food Culture Pte Ltd from $2 to $400,000. It said the investment is in line with its direction to expand its business into the operation of halal food courts in Singapore. Its
        73 words
      • 46 7 KIM Eng Holdings said it has disposed 0f635,500 shares in its Thai subsidiary in the open market for about $1.12 million. The sale trimmed its stake in Kim Eng Securities (Thailand) from 60 per cent to 59.88 per cent.
        46 words
      • 44 7 KEPPEL Integrated Engineering, Keppel Corporation's engineering arm, said it has bagged four contracts worth $10 million. Two are wastewater treatment contracts for its proprietary Unibrane membrane bioreactor technology. The other two are for installing Unitank wastewater treatment plants.
        44 words
    • 165 7 SINGAPORE Post and insurance giant Prudential Assurance yesterday signed an agreement to establish an exclusive life insurance distribution partnership in Singapore. Under the deal, Sing Post will sell Prudential's financial planning services and products at its post offices. This is in addition to financial services
      165 words
  • Page 7 Advertisements
    • 579 7 Extend your global reach \m Kii Be a part of the International Enterprise Forum 05 2-3 February 2005, Raffles City Convention Centre, Singapore The International Enterprise Forum (lEF) is an annual meeting of top minds on issues relating to internationalisation. Over the course of two power-packed days, this year's lEF
      579 words

  • BLUE CHIPS
    • 1009 8  -  After breaking two years of flat earnings, group is expected to resume positive growth momentum, writes WONG WEI KONG WONG WEI KONG IT may not still be high-growth days but Singapore Technologies Engineering (STE) has at least broken out of two years of flat earnings.
      Source: Bloomberg  -  1,009 words
    • 3524 8 UNIT TRUSTS FUNDS stanBniwa** 1.1® Stan—Mew 1 502/ il—Iwm»m«US0> o»i* *mmn*nnw+ ypw« stant»AMP*fc!" 090V £XE2E rS> stiMEr GfeoppaiuiMB/"* ama X2SEEr Its StaMonDynScBond/A 1.40V T* l W'r- „2! Stanton GnMrCNni 131 i*5 Mmtad Global/" 0.721/ Stamon Global Advantage 2.10® 5?S were** 1«® SSEZSSTSZkSS" niov Stanton Gf*E»ope 1.002/ nai AAKnOMWgi 1-227/ Sf'jS'SKs;
      3,524 words
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  • SINGAPORE NEWS
    • 610 9  -  He says continuous learning and an entrepreneurial spirit are crucial By CHUAHG PECK MING i« SINGAPORE remains a land of opportunity, said Prime Minister Lee Hsien Loong. And there are reasons < for this. Singapore has a t i competitive economy and
      Source: PM's speech in Parlamert  -  610 words
    • 145 9 V n WHAT better way to laimch public policy school than to sink one's teeth into the most pertinent issues of governance? ■»> :i Prominent Chinese and Indian scholars will be in 'Singapore pn April 5 and 6 Vfor a conference on "Manning Globalisation:
      145 words
    • 379 9  -  Many employers say age is not their main criteria By ALEXANDRA HO COMPANIES here say age is not the main factor they look at when hiring. Several major employers BT checked with also said they had a high proportion of older workers. In
      379 words
    • 240 9 THE premium for a big car COE jumped back up yesterday as all three passenger car categories settled at the $19,000 level. A fortnight ago, the premium for a Category B certificate of entitlement, for cars above 1,600 cc, plunged $4,706 to
      240 words
    • 338 10  -  MIT, NUS, NTU launch second phase of their course tie-up By LIZA LIN THE government wants to make Singapore a global research and development hub, and attracting talent is the way to do it, Trade and Industry Minister Lim Hng Kiang said yesterday. Mr
      338 words
    • 441 10  -  Long drawn out talks resume at Feb meet in Australia By LIZA LIN TRANSPORT minister Yeo Cheow Tong said yesterday the government would offer anything it could in exchange for a full open skies agreement with the Australian government. Discussions
      441 words
    • 452 10  -  By CAROLYN QUEK NOW when you enter Hansgrohe's new boutique in Singapore, you can take a dip in their steambaths or whirlpools before making your purchase. After 10 years in Singapore, the upmarket German designer bathroom label has launched its first
      CHRIS LOH  -  452 words
    • NEWS ROUNDUP
      • 95 10 THE Ministry of Trade and Industry has appointed four new members to the board of JTC Corporation for one year from Jan 1. They are: Halimah Yacob, assistant secretary-general of NTUC; Mark David Daley, president of DFS Asia; Jen Kwong Hwa, managing director of
        95 words
      • 61 10 SILKAIR, the regional arm of Singapore Airlines, is offering special packages as low as $99 to Phuket, including two nights' stay, until the end of February. It is also offering packages to Krabi and Langkawi, both at $128. Each package includes airfares, hotel
        61 words
      • 49 10 The Media Development Authority of Singapore signed a first Memorandum of Understanding (MOU) with the Korean Broadcasting Commission (KBC) yesterday, to co-operate in the field of broadcasting. It allows the KBC and the MDA to co-produce television programmes and exchange information on broadcast policies.
        49 words
  • Page 9 Advertisements
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    • 505 9 lis It THE MONETARY AUTHORITY OF SINGAPORE Jj II TENOR APPROXIMATELY 2 YEARS J 111 TOTAL AMOUNT OFFERED SGD 2,600,000,000 H MINIMUM DENOMINATION SGD 1,000 ll] B J MAS'INTENDED TENDER AMOUNT SGD 300,000,000 I IH ISSUE CODE N*****0A 111 111 ISIN CODE 5G********** I II ISSUE DATE/SETTLEMENT DATE 1 FEBRUARY
      505 words


  • SINGAPORE FOCUS: SERVICES
    • 832 11  -  EDUCATION 'Global schoolhouse' plan is paying off for Singapore, as foreign universities take root, writes DANIEL BUENAS DANIEL BUENAS INVESTMENT projects over the next five years in the education services sector are expected to contribute $117 million in value-added per year to GDP, $144
      FILE PHOTO  -  832 words
  • Page 11 Advertisements
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  • ECONOMY WATCH
    • 566 12 Central bank says move part of a broader attempt to ease revaluation pressures AFP I'"*, [BEUING] China Is considering new steps to partially fire* up its strictly controlled currency, state press said yesterday in one of the clearest signs yet that a
      AFP; REUTERS  -  566 words
    • 351 12 LATEST US DATA Reuters [WASHINGTON! US housing starts rose 10.9 per cent last month, beating expectations and marking .the biggest jump In more than seven years, as groundbreaking activity increased across the country, a Commerce Department report showed yesterday. Housing starts rose to a
      Reuters  -  351 words
    • 354 12 Reuters [CHICAGO] The Federal Reserve will keep lifting US interest rates to less stimulative levels but will focus increasingly on economic data as they make their decisions, several Fed officials suggested on Tuesday. In separate appearances, Minneapolis Fed president Gary
      Reuters  -  354 words
    • 452 12  -  Rising yen, falling imports keep prospects stagnant By ANTHONY ROWLEY in Tokyo DESPITE recent improvements in Japan's industrial output and in machinery orders, both the Japanese government and the Bank of Japan declined to upgrade their view of the economy in monthly reports published yesterday.
      452 words
    • 243 12 Reuters [MANILA] The Philippine budget deficit was about 6 per cent lower than its 2004 target and should fall another 10 per cent this year, the finance minister said yesterday, as higher revenue and belt-tightening eased fiscal problems. Finance Secretary Juanita
      Reuters  -  243 words
  • Page 12 Advertisements
    • 228 12 China India: Understanding the world's next major powers. am insights and perspectives at the Lee Kuan Yew School of 'uhlic Policy's Inaugural Conference "Managing Globalisation: Lessons from China and India" The intellectual links between China and India, stretching over two thousand years, have had far-reaching effects on the history of
      228 words

  • MALAYSIA/INDONESIA
    • 423 13  -  Word that Temasek was the main buyer during the two exercises spiked shares by 8.1% By SHOEB KAGDA in Jakarta SHAKES of Indonesia's sixth largest bank. Bank Internasional Indonesia (BII), soared yesterday after word spread that Singapore's Temasek Holdings could be mopping up the
      423 words
    • 2014 13 vol fsom on am n JmW m W- r*H| nKtaauroM IMS undi 2547 -—'——————————Finwl Ora. m» 0.01 6133 A*MRm% 137 «■"*> Gedarw 1.45 -008 97 AMc AS? -OB 133 Gawi 0.15 3672 ACPMmMm 1.17 -001 M General Corp OS2 -001 72 AUrawty A40 undi 334 Gearing
      2,014 words
    • 228 13 AFP. AP [JAKARTAI Foreign donors providing billions of dollars of tsunami aid for Indonesia should not fear the funds will be swindled through corruption. Foreign Minister Hasan Wirayuda said yesterday. Concerns that the funds could be embezzled by Indonesian officials were "unnecessary"
      AFP.; AP  -  228 words
    • 378 13 Reuters [KUALA LUMPURI Malaysia is in no hurry to raise interest rates and is coping with current inflows of foreign capital, the country's central bank chief said in an interview published yesterday. Funds have poured into Malaysia on speculation that a weaker
      Reuters; BLOOMBERG  -  378 words
    • 692 13  -  By S J AYASANKARAN in Kuala Lumpur THE federal government and a private company awarded the management of water services in Selangor, Kuala Lumpur and Putrajaya have clinched bank financing in an exercise that will pave the way for an eventual overhaul of water
      692 words
  • Page 13 Advertisements
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  • GREATER CHINA
    • 419 14 It also named Hong Kong as a priority destination Bloomberg. Reuters [HONG KONG] China's national welfare fund, which manages about 170 billion yuan (5533.5 billion) in assets, said it may invest as much as US$l billion overseas for the first time, possibly in
      Bloomberg.; Reuters  -  419 words
    • 305 14 AFP (TOKYO] Japanese cosmetics maker Kanebo said yesterday that Chinese sales staff at several of its retail outlets on the mainland are refusing to work. The Kyodo News agency said about 700 Chinese counter sales staff had refused to show up for work
      AFP  -  305 words
    • 587 14 Billions of yuan to be invested in central China, Shanghai, Nanjing Reuters [HONG KONG] The world s largest retailer, Wal-Mart Stores, will team up with Citic Pacific to open hundreds of stores in China, a booming but increasingly competitive market, over the
      Reuters; Source: Bloomberg  -  587 words
    • 453 14 AFP (SHANGHAI] With their sculpted bodies, moisturised skin and fitted suits, Chinese men are taking an increasing interest in their looks and in fashion, urged on by their womenfolk. Male models are everywhere in Shanghai, from advertising hoardings in Nankin Road's chic shopping centres to
      AFP  -  453 words
    • 499 14 Reuters [HONG KONG] The bulls say Asian technology shares have rarely looked so cheap in seven years. The bears say excess supplies of computers, phones and screens mean they are only going to get cheaper. For investors looking for
      Reuters  -  499 words
  • Page 14 Advertisements
    • 1014 14 i IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF TIC PROPERTY MANAGEMENT PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) (Company Registration No. *****1387K) NOTICE TO SUBMIT PARTICULARS OF DEBTS OR CLAIMS Notice is hereby given that the creditors of the abovenamed Company, whose debts or
      1,014 words
    • 921 14 LCall toll-free 1800 289 8822 IN THE MATTER OF THE COMPANIES ACT. CAP. 50 AND IN THE MATTER OF GOOD TRAVEL SERVICE PTE. LTO. C» Registration No. *****2014K (Incorporated in Singapore) (In Members' Voluntary Liquidation) FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Cap
      921 words

  • INDIA
    • NOTE BOOK
      • 139 15 AFP [CONAKRY] Telekom Malaysia, owner of a state-run telecommunications company, has suspended its contract citing difficulties on the ground in the west African state, officials said on Tuesday. The Malaysian group bought a 60 per cent stake in the telecom company in HMcember 1995 for
        AFP  -  139 words
      • 110 15 AFP PELTING] Manchester United will bring its all-star squid to China in July for a friendly against Chinese Super League team Bering Hyundai. The Red Devils will t»lf« lU>IH it Bering's Workers' Stadium on July 26 as part of an Asian tour, dub officials were
        AFP  -  110 words
      • 127 15 AP (GENEVA] More than a miltion people may have lost their jobs because of damage wrought by the Indian Ocean tsunami, the ,j>f T I UN labour agency said yesterday. The colossal impact on predominantly poor coastal areas cost many people not
        AP  -  127 words
      • 79 15 Reuters JAKARTA] Indonesia said yesterday it hoped to hold talks with separatist rebels taperatinglntsunami-hit Aceh province at the end of this month. "Our hope is jM)t too much, it is, indeed, realistic to hold a meeting at the end ofthis month," Minister Hassan Wira|uda told
        Reuters  -  79 words
      • 93 15 AP [BEUING] China's southern business capital of Guangzhou has begun construction of a new opera house designed by London-based star architect Zaha Hadid. The one billion yuan (S$ 197 million) Guangzhou Opera House, due to open hi 2007, will be among China's three biggest
        AP  -  93 words
    • 609 15 Asset inflation feared as India and China scramble for big deals Reuters [SINGAPOREI China's and India's stale oil companies are on the brink of snaring their biggest overseas purchases, likely boosting the cost of already pricey assets and raising concerns over ftiture returns.
      Reuters  -  609 words
    • 205 15 Reuters [VICENZA Italy) Light and competitively prtoed jewellery with seml-pre-ctous stones and diamonds is gaining popularity among younger women in India, who are expected to drive buying Outside of traditional wedding jewels. Indian jewellers at an Italian trade fkir said the new trend was evident
      Reuters; AP  -  205 words
    • 309 15 Reuters [BOMBAY] Bajaj Auto Ltd. India's second-biggest motorcycle maker, reported a weaker-than-expected 0.9 per cent rise in quarterly profits yesterday as higher raw materials prices offset better sales in the world's largest market after China. BaM. which also makes scooters and dominates the market
      Reuters  -  309 words
  • Page 15 Advertisements
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    • 318 15 IN THE MATTER OP THE COMMMHB ACT, CAP. SO AMO IN THE MATTER OF PBINSUTIR COtPOMTION (SINGAPORE) PTE LTD (IN CREDfTORS' VOLUNTARY LIQUIDATION) CO. MO. HOl9 IHWi m I NOTICE IS HEREBY GIVEN pursuant to Sac Non 30S(!) af lha Companies Ad, Cap. SO that Final MiaMitg of the Mwnbers
      318 words
    • 436 15 IN THE MATTER Of TM COMPANIES ACT, CAP. 90 AND MIM MAITW Of (ROMA UO HOIDtNO GO, PTE LTD ICa.ftM.Na. *****1904Z) NOTKfOr RUOUmONS KM MMNM'VOUMWTVMNDMMf (PURSUANT TO MCTION 290| Ar an EifcuudbKny Gawol Mwfcio of A# M*ai a» OtOMA A tfO HOOMO CO., PTC OS duly cewnmd and held ea
      436 words
    • 315 15 I ANNOUNCEMENT OF THE SUMMON OF BANKRUPTCY PETITION CASE NUMBER: 51/PAILIT/2004/PN.NIAGA.JKT.PST On this day MONDAY the 17 th day of JANUARY 2005,1. H. API WAYHONO, SH, Deputy Registrar of Central Jakarta District Court and Human Riahts Tribunal, in compliance with the order of the Panel of Judge of the said
      315 words

  • ASIA-PACIFIC/WORLD
    • 486 16 Bank had paid fee to clients to boost support for lukewarm offer [SYDNEY] The Australian Stock Exchange is to review its guidelines on book building for equity offerings after an investigation found that Goldman Sachs had given investors an "incorrect" impression of
      Source: Dealogic IT  -  486 words
    • 398 16 Bundling products helps it win corporate clients NYT [NEW YORK] IBM. the world's largest supplier of information technology services and computers, reported strong quarterly results Tuesday as it continued to gain ground amuag busiaess customers. Itftbmpaftffl results surpassed Wall Street's expectations somewhat in
      NYT  -  398 words
    • 267 16 Reuters [BRUSSELS] New capital rules known as Basel II will be applied equitably in all countries, a top global banking supervisor said. His assurance came amid persistent worries that they could upset the regulatory playing field. Jaime Caruana, chairman of the Basel Committee
      Reuters  -  267 words
    • 407 16 Hardnosed approach to terror remains AFP [WASHINGTON] Condoleezza Rice, ready to take office as US secretary of state, put a softer face on the Bush administration but gave no quarter in its hardnosed approach to the post-Sept 11 world.
      AFP; REUTERS  -  407 words
    • 178 16 Reuters [HANOI/BANGKOK] Vietnam yesterday told people not to handle dead chickens following the deaths of fiye people from the deadly bird flu virus and Thailand said it had its first case for two months. More human deaths are feared. The World Health
      Reuters  -  178 words
  • Page 16 Advertisements
    • 328 16 1 Exclusively at Wiggy's Wine Hut Performing in Asia for the Ist time, Internationally acclaimed award winning AILJ a tlakidUr rWnCn VfOVVIHSi Ml WnfW bom In Genoa Italy. She wiU be playing Faganini's selected works supported by accomplished local guitarists. (Tickets $35 -Inclusive of Buffet Dinner) HL Ms. StaMtar performed
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    • 54 16 MERITUS MANDARIN SINGAPORE H BUFFET DINING AT ITS BEST Fresh oysters, delectable lobsters, savoury hooey-glazed ham, US Prime Rib of Beef and many more mouth-watering dishes rT to leave you spoilt for choice. 5 Reservations: 6831 6271/72 js MERITUS MANDARIN tVtu 333 Orchard Road, Singapore *****7. Tel: +65 6737 4411.
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  • WORLD
    • 492 17 Institutional investors return as global equity markets recover [LONDON] After years of being eclipsed by their racier counterparts in debt and fixed income, equity bankers are hoping to reclaim some of their former status this year, says the Financial Times. The recent recovery
      Source: Dealogic  -  492 words
    • 338 17 Reuters [NEW YORK] The king of reality television Donald Trump was tempted to go for a "royal wedding" broadcast on live television until his supermodel bride insisted some things should remain private. But not everything. Melania Knauss vetoed the plan for a live broadcast of
      Reuters; REUTERS  -  338 words
    • 170 17 Bloomberg [NEW YORK] Wall Streets biggest bonuses are going into the pockets of the oil traders and merger-and-acquisition bankers who fuelled record profits at the largest US securities firms in 2004. Senior merger specialists are getting the heftiest raises. They may see 25
      Bloomberg  -  170 words
    • 147 17 Reuters [NFW YORK] For a number of Americans, it appears the grass is greener on the other side of the fence, or in this case, US borders. The latest data showing how much investment money comes into the United States and how much goes out shows
      Reuters  -  147 words
    • 223 17 JPMorgan Chase profits fall 11 Reuters [NEW YORK] JPMorgan Chase Co said yesterday its quarterly profits fell 11 per cent hurt by charges related to its merger with Bank One last year and falling investment bank results. The No 2 US bank reported net income of US$l.67 billion in the
      Reuters  -  223 words
    • WORLD WATCH
      • 67 17 Bloomberg [NEW YORK] Caesars Entertainment, the world's largest casino company, said fourth-quarter profit rose more than it forecast because business exceeded expectations. Excluding discontinued operations from the planned sale of five casinos and other items it didn't specify, earnings were seven cents to nine
        Bloomberg  -  67 words
      • 71 17 Reuters [BOSTON] Rising stock prices helped hedge funds in December, allowing them to return nearly 10 per cent in 2004, according to data released by Credit Suisse First Boston Tremont Index. For the month, the CSFB/Tremont overall performance index rose 1.61 percent compared
        Reuters  -  71 words
      • 79 17 Bloomberg [WASHINGTON] Carl Icahn has fallen short of his US$3 billion target for a new hedge fund that would back the type of corporate raids carried out by the financier at Trans World Airlines. Investors in the US committed almost US$4OO million for
        Bloomberg  -  79 words
      • 37 17 Bloomberg [LONDON] Saudi Prince Alwaleed bin Talal and HBOS, Britain's fourth-biggest bank, agreed to buy London's Savoy Hotel from Quinlan Private, a group of Irish investors, for an undisclosed amount. Bloomberg
        Bloomberg  -  37 words
    • 442 17 It lost US market share for second year running Bloomberg [NEW YORK] General Motors' fourth-quarter profit fell 37 per cent as healthcare costs climbed and the automaker lost more money in Europe. Net income at the world's largest automaker fell to
      Bloomberg  -  442 words
  • Page 17 Advertisements

  • AVIATION
    • 552 18  -  MasterCard study tells them to focus on China, India and shopper travellers By ALEXANDRA HO SINGAPORE] Asian lowcost carriers (LCC) have to focus on niche areas in order to overcome constraints such as a lack of open skies agreement in the region, according
      552 words
    • 312 18 [KUALA LUMPUR] Malaysia Airports Holdings Bhd (MAHB) says it is ready to build a low-cost carrier (LCC) terminal, irrespective of the location, whether in Subang or at the Kuala Lumpur International Airport (KLIA) In Sepang, the Malaysian Business Times reported yesterday. tta
      312 words
    • 201 18 AFP [KUALA LUMPURJ Malaysia Airlines has offered a MR 100,000 (5543.001) reward to its employees for information leading to the arrest of those responsible for a string of mishaps involving its aircraft, local media yesterday. An Osaka-bound Malaysia Airlines' Airbus A 330,
      AFP  -  201 words
    • 475 18 AP [ZURICH] Switzerland's struggling national airline announced a further costsaving package, saying it plans to slash up to 1,000 jobs and cut 13 aircraft from its fleet. Swiss International Air Lines also said it will downgrade its operations at airports
      AP; REUTERS  -  475 words
    • 203 18 APP [BEIJING] Shanghai Airlines is expected to be the first carrier to fly direct between China and Taiwan since 1949, departing for the island from the eastern Chinese city on Jan 29, state media said yesterday. "We have sent the proposed take-off time, which
      APP  -  203 words
    • 1533 18 CT3866 j»«0 QT3867 0440 J$J A3950 2355 IMIM ■rf W frJ ftEiE NMJI 1555 NH6270 0115 2055 SQW» 1555 SQWO 0115 SQ430 2055 Why Mf853 2300 «ggjSS "gj <§g?3ii SS3S 19*5! 1115 225 Hwmm VN741 1325 $0176 1010 3 JS •—5Sf° °"5i 5Q175 1800 VN176 1010
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    • 309 18 AP (TOULOUSE] High-paying passengers aboard Virgin Atlantic's Airbus supeijumbos will be able to work out in the gym, get a makeover, gamble in a casino then head to the bar for some cocktails before easing onto a double bed. Virgin
      AP  -  309 words
  • Page 18 Advertisements
    • 347 18 I Su Yeang Wtth its headquarters in Singapore and a subsidiary in Shanghai, Citigate Su. Yeang Design has one of the largest and most "impfh+ftfiup branding and creative teams in the Asia Pacific region. We are a member of the Incepta Group, a public-listed company with its head office in
      347 words

  • SHIPPING
    • 210 19  -  DONALD URQUHART [SINGAPORE] Malaysia's Star Cruises will continue to give tsunami-wrecked Phuket a miss until at the least the end of February, diverting two vessels to Langkawi and Penang instead. Star Cruises operated the SuperStar Virgo and Superstar Gemini on threenight cruises to
      210 words
    • 204 19 M8HMMMMMB6HMM0MaM4BHB*£ Shi tmn *t- m CHOfttm M6 unch 635 OuanHup 3M OuOI *11 CoCB&nantion 129 0 02 ***** omamSutkm om 003 235 EzreMMoi 1.11 0 08 1333 AW -OuOI 2135 Grand tanks Yacht 1.00 unch 7 JjyUufcfcijp 149 unch 53S Ki VMMuc A27 001 2297 KappalCOfp 930 -020
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    • 47 19 [SAMCHEOK. South Korea] A police helicopter rescuing a crew from a South Korean freighter wrecked in waters offSamcheok. 290 km east of Seoul, on Monday. Four crew members were rescued while three others were killed after the ship ran aground in strong winds. AFP
      AFP  -  47 words
    • 406 19 Bloomberg [LONDONI Shipyards received a record number of orders for liquefied natural gas tankers last year, including contracts for the world's largest, as consumption rose, shipbroker broker Lorentzen Stemoco said. Orders for 77 carriers were placed last year, adding to the
      Bloomberg  -  406 words
    • 465 19 Reuters [LONDON] Costs for shipping the world's raw materials fell early this week on slower Asian demand, but analysts saw the market firm through 2005 as China continued to dictate trade patterns and prices. The Baltic Exchange's capesize index, a
      Reuters  -  465 words
    • 672 19  -  Scrapping of textile quotas expected to further boost transpacific export volumes By DONALD URQUHART [SINGAPORE] The 13 major container carriers operating on the transpacific trade lane say the traditional Chinese New Year slowdown will allow the trade to catch its breath
      672 words
    • 224 19 Bloomberg [JAKARTA] Osaka Gas Co, Japan's second-largest natural gas distributor, said Oman Shipping Co may take a stake in a liquefied natural gas tanker the Japanese utility is building to transport the fuel from the Middle East country. "There
      Bloomberg  -  224 words
  • Page 19 Advertisements
    • 429 19 —=1 J J QI) B .V»« HUA KOK INTERNATIONAL LTD (Reg No. *****3007 C) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an EXTRAORDINARY GENERAL MEETING of the Company wW be held •> 32 Bungei Kadut Way, Singapore *****7 on 17 February 2005 at 3.00 p.m. for the
      429 words

  • EDITORIAL & OPINION
    • 523 20 EDITORIAL THE stock markets of Singapore and Malaysia have witnessed two major events in less than one week. Last week, Malaysia's leading investment bank CIMB announced that it will buy the entire stock broking business of GK Goh in Singapore for ***** million. GK Goh
      523 words
    • 1108 20  -  Businesses are warming up to China and exports are soaring but political ties are a low point By NORIMITSU ONISHI NYT LIKE many Japanese businessmen these days, but particularly as co-chairman of the 21 st Century Committee for Japan-China Friendship, Yotaro Kobayashi is worried about the state
      NYT; PHOTOS: REUTERS  -  1,108 words
    • 718 20  -  THE BOTTOM LINE JOHN GEE IMAGINE that, three or four years ago, a well-qualified scientific team had presented a report arguing that there was a possibility of a life-threatening tsunami occurring in the Indian Ocean region, but that its
      718 words
    • 558 21  -  The most controversial and polarising president in American history has the chance to turn around in his second term LEON HADAR Washington Correspondent US President George W Bush will leave office only in January 2009, but it's not too early to review his
      558 words
    • 523 21 SCENARIO 1 ON the eve of President George W Bush's second inauguration in January 2005, there was some expectation in Washington and foreign capitals that the president's foreign policy would change. The selection of Condoleeza Rice as secretary of state and Bob Zoellick as
      AP  -  523 words
    • 563 21 SCENARIO 2 AFTER a politically and economically earth-shattering first-term which witnessed, among other things, a horrific terrorist attack on US soil, two major wars, a historic transformation in American national security and foreign policy, and one of the largest tax-cuts in American
      AP  -  563 words
    • 252 21  -  LETTERS TO THE EDITOR Tham Kim Fay Singapore I READ with interest the report, "SIA ups ante, plans extra services to Brisbane and Melbourne" (BT, Jan 17). 1 believe that besides putting on extra services to Australia, Singapore Airlines, in its battle with
      252 words
    • 198 21  -  Fong Yong Kian Secretariat, Homefront Crisis Management Centre Senior Director. Homefront Security Office Ministry of Home Affairs, Singapore WE appreciate Denis Ong's concern about a system being in place to warn people of impending disasters ("Is Singapore adequately prepared for a disaster?", BT, Jan 11).
      198 words

  • Page 21 Advertisements
  • Page 21 Miscellaneous
    • 340 21 CRYPTIC CROSSWORD across 3 An expedient move (5) wjium 4 A beast long retaining gold cup 1 Labour gets some inducement (9) here (7) 5 The capital is under par (5) 5 Studies made of exercise de- 6 Person paying homage to scepvices (7) tre representing the queen (9) 9
      340 words

  • 9987 22 STRAITS TIMES INDEX STOCKS m a— an ixt-w m dm gay ABgreen 50c 0.31 1.150 -0.010 HOI. 2.15 3.13» *0.100 BM.m«IUS20c 0.50 1.120 -0.010 OCBC 9.93 13.800 -giOO CjpitaUnd 1.40 2.160 *0.010 PaitawayH25c 0.69 1.540 -0.010 Owt Sm»Cond 26c 0.72 0-985 «gJ90 Pnople's Food HK50c 0.41 1.430 -0.050
    9,987 words

  • 5515 23 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES •abed cart hit hi IKS Jan Jk f X rty *y» *"<*»» Ohi» Changt Changt Chang* Qxng, Quej. WortjlndB.Prehm.naiy 8453 0.2 86 01 63 01 10* tttftfWimw., 7742 -oj 04 07 Preliminary ***** 02 102 -03 100 04 143 Pa6fit ®S20 -0.4 113
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  • Page 24 Advertisements
    • 1462 24 I Import i NORTH AMERICA AUSTRALIA/NEW ZEALAND SUPER SHUTTLE EXPRESS (SSX) VtSStl I vor I lG» I Sw pko jAUSTRALU ASU EXPRESS (AAX) 00Q. ROTTERDAM MWS3 08/01 25/01 OMIT mSil VOT ONE SYD Mil API FRE "swT" PKO OOCL NIKGtO 06W01 14/01 31/01 02/02 KAMAKURA 08N OMIT 10/01 12/01 14/01
      1,462 words
    • 73 24 UK CONTINENT SERVICE Loading for OCEAN ISLAND RTM/ATW/UK LOK PRATAP RTM/ATW/BMN/UK/NAN Loads Singapore. E7W. 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, E7W. Malaysia, Indonesia USA SERVICE Loading for HANJIN TAMPA VCW/VCB/LAX/M2L "Loads E7W. Malaysia, Indonesia F.E./S.E.A. SERVICES S pore
      73 words
    • 831 24 IINTIRASIA RORO SERVICE vpsa/vor uowwi hbghthm pug not id I sw I ~jr 1 STUITS VENTURE 02/05 IS 3.2 20/01 2VOI 27/0) 30/01 01/02 STRAITS VENTURE 01/05 IS 3.2 03/02 05/02 10/02 13/ /W STUITS VENTURE 04/05 IS 3.2 17/02 H/Q2 24/02 27/02 01/03 IWIST ASIA/lENOAL ROUP 1V» vKsa/vor iAi»mn
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  • Page 25 Advertisements
    • 274 25 For Schedule, BL S<orcKes, and Container Tracking, vitif on our Home Page: v y. w f-g-jf UM *M lim nm wu wn will ilii^i"TH >i Mll mii|(1 lifiT i -•—l"— 1 arar T m str 5S "gr want. ir» $8 a II si {1= sm& an -%s- ss shipping :r.::
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    • 603 25 *ssa iST^rMi^rtG aa. EE f; g OUjenUDt |jSS I I%n I IIA I-I- I I PgIHMPK 073* I lV? I un aiuit-IHfrwi *k Mi twtpt 10 Mg Wf msM lug liyi Ih/i I- wwiwg gg gi !g£p —W~l" rtmmttt are Iff I •VSlaftqUTCI £1 WT lat II l>o M> M
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    • 535 25 m WEEKLY EXPRESS SAHJM6 SCHEDULE ALSO ACCEPTW6 TO ALL MOWTHERW AMO WCTTEBM ICO POHtTS VBSa IWTI SW PJttJMK ICMO—O SMRK IciEOMB IBMB ttSK 17 JM HJM BUM ItJMi »JH nantoKg mm mjm mim wmi |i tourawA rmu 311*11 mm a_a u_ai WW. 17Fa WB hw isfb iiw IiUWtA—I |WWW|I4B» IHB
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  • Page 26 Advertisements
    • 672 26 MjKJI# WALLENIUS WILHELMSEN website: http://www.2wglobol.com vtssn vot rjw j lk «uo_ how ma sav »ai o»r mtc ww m» TEXAS ATSO3 4201 mm 4.4* I 08/02 OMITS 10/03 17/03 11/03 22/03 20/03 24/03 14/03 UMEMANf AfSO4 3201ws 6.4* I 15/02 10/03 20/03 27/03 21/03 02/04 31/03 04/04 24/03 TAMO tfSOS
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    • 499 26 BSA x MYANMA ■H FIVE STAR LINE (Mvmmmt NatiMd Um) loading for YwfM vissa vor sm pu pen pgii PAGAN 34W 31/01 SU> HPA-AN MOW SU> IN MALAYSIA: IOUSTEAD SHIPPING AGiNCIES KUI/PKL 03-300 SUM PIN: 04-2****** ACCEPTIM COBVENTIOWAI CBO Me— y|A CM Mill Ml ffllT iww nw r*l RK OOAMAQUBN
      499 words

  • THE BUSINESS TIMES SHIPPING TIMES
    • 5337 27 This ga.'g g ae 'ear a a>ta- as ac rar lb ABIDJAN (AW) 2003 Cot* Dlvoira 16 FELIXSTOWE (FXT) 2127 U. K. 27/01 07*03 OanaSkn PERTHMDGE 072A *****898 27*0 IM OtaShRg PERTH 8M0GE 072A B330M 29F01 07«03 OltaSkpg K0TA8ERAM BB06 <*****88 2*01 IM S«NMl
      5,337 words

  • BizIT
    • 593 28  -  With Intel's new technology, notebook users can now have better graphics, TV tuners and high definition audio, narrowing performance gap with desktop PC, reports AMIT ROY CHOUDHURY AMIT ROY CHOUDHURY Giving a fillip to its mobile computing drive, Intel Corporation yesterday unveiled its next-genera-tion Intel Centrino technology
      593 words
    • 377 28  -  By AMIT ROY CHOUDHURY THE Infocomm Development Authority of Singapore (IDA) yesterday announced that it had increased the power output limits for two frequency bands used for wireless transmission, a move that will allow companies to make their networks more efficient and cost effective. Speaking
      377 words
    • 349 28  -  Full-year earnings hit US$840m, from US$238m in 2003 By RAJU CHELLAM THE return of online ads helped boost the results of Yahoo Inc, which reported an almost five-fold jump in net profit to U*****.5 million for its fourth quarter ended Dec 31, 2004
      349 words
  • Page 28 Advertisements
    • 115 28 ,k '1 V 9 JraJfc:' »&I X. It 'VC J »Stay informed and 1 I I r L L LI 1 competition with Meg@POP. I 4 4 to able to access all the sales I figures a snap my fingers. I need a cost-effective solution customer orders, process credit cards
      115 words

  • PROPERTY
    • 492 29  -  Recovery expected to take a year, rental market a bigger concern By ANDREA TAN [SINGAPORE] As the Phuket Tourist Association pleads with travellers to "come back", property agents are assessing the impact the giant killer waves will have on the Thai holiday island's real
      492 words
    • 395 29 [HONG KONG] Luxury property developer Pacific Century Premium Developments (PCPD) is branching out into the highly competitive mass residential market by redeveloping a telephone exchange building in Sheung Wan, reported the South China Morning Post. The property arm of PCCW, which last year booked US$5
      395 words
    • 978 30  -  HK tycoon is optimistic on prospects for tourism, economy, shares business philosophy By KALPANA RASHIWALA [SINGAPORE] Hong Kong tycoon Li Dak Sum's Carlton group yesterday placed the top bid of $55.6 million for a hotel site in Bras Basah Road next
      ARTHUR LEE  -  978 words
    • 1351 30 Brought to you by j_j SSKSff* ™2r P CONTRACT TENURE BUHWKAND PRICE PSf STREET NAME TYPE PAH AREA*(SQ FT). (SJ'OOO) (S$) District 1 NON-LANDED The Sari At Marina Bay Apt Apt 16/12/2004 99 657 511 778 The Sa8 At Marina Bay
      1,351 words
  • Page 29 Advertisements
    • 322 29 r Jones Lang \SSW LASALLE* fj PRIME REDEVELOPMENT SITE AT MARINE PARADE I /AA Site area: 81,072 sq ft GPR 1.4,5-storey Close proximity to reputable schools /C/r^and amenities /*y Easy accessibility to ECP and PIE Garcten Tender Closing Date: \r 23 Feb 2005 (Wed) at 3pm <$/ For information and
      322 words
    • 149 29 6836 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 savNbl Leicester
      149 words

  • Page 30 Advertisements
    • 94 30 Got the right home? Now get the right home loan. cgr| SSSSnj "twKSSk gJB iBL_ nwn Jl Buying a house in Singapore is a heavy investment. However, you can still have the freedom to live life the way you want, with HSBC home loans. Enjoy these benefits when you take
      94 words