The Business Times, 9 February 2005

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Total Pages: 24
1 24 The Business Times
  • 17 1 THE Business Times SINGAPORE 85 cents online at http://business-times.asia 1 .com.sq MICA (P) 023/03/2004 Wednesday, February 9,2005
    17 words
  • 645 1  -  Banks face higher costs as interbank rates climb By JOYCE KOH [SINGAPORE] Home buyers who have enjoyed a long run of low-price mortgages from banks may soon have to pay more for their home loans, with banks facing higher costs themselves. While many
    Source: LIRA, DBS Viders  -  645 words
  • 1346 1 A new year, a new beginning. As Singapore's business people and professionals break off for the holidays, BT asks them what they would like to wish for in the year of the Rooster I hope that with the stock market index showing improvement, hopefully the gain
    ARTHUR LEE  -  1,346 words
  • Page 1 Advertisements
    • 107 1 rich and famous IN INDIA 'Suddenly it became OK to flaunt your body, your wealth, your wife' PG9 Markets Digest on Pg 2 The Business Times will not be published tomorrow but will be back on Friday 8 HI WHEN Th# Lan f B Outsize date, moon-phase display, ,o• 'O/
      107 words
    • 76 1 STOCK MARKETS angry rooster EXEC MONEY Medishield revamp: What to expect PG 24 DT Online Log on to BT Online after 11.30pm on a trading day and get the ciosing prices of all stocks traded on c the following exchanges: Kuala Lumpur, Bangkok, Hong Kong, Jakarta, Manila, Mumbai, Shanghai, Dont
      76 words

  • TOP STORIES
    • 628 2 Global move to reform financial statements FASB and IASB joint panel to explore ways to make documents more investor-friendly Reuters [NEW YORK] The two groups that set accounting standards for companies around the world are planning a "dramatic" reform of financial statements, to make them more investorfriendly, executives said on
      Reuters  -  628 words
    • 529 2  -  Demand from China and India expected to remain strong By RONNIE LIM [SINGAPORE] Oil prices will be volatile in the Year of the Rooster and remain above US$4O a barrel, traders here believe. And demand from China, their largest market, and increasingly
      529 words
    • 132 2 STI 2,140.16 (+22.06) ST INDEX FUTURES 2,135.00 (+8.00) SIMSCI 255.27 (+2.78) SIMSCI FUTURES 255.20 (+2.00) MARKETS Tuesday Change KLSECOMP 914.91 +2.33 NIKKEI 225 11.490.43 -9.43 HANG SENG 13,845.63 +50.63 SET INDEX 731.42 +5.66 JAKARTA COMP 1,036.60 -5.02 MANILA COMP 2,030.06 +13.24 SEOUL COMP dosed SHENZHEN B dosed BOMBAY
      132 words
    • 521 2 Investors waking up to Singpu's potential ARE investors finally starting to discover Singpu Chemicals? After falling over 15% last year, the stock has hit its highest level in 12 months following what an analyst called "awesome" results. So far this year, Singpu shares are up 16%. COMPANY NEWS.
      521 words

  • COMPANY NEWS
    • 662 3  -  Move includes property devt and ownership of industrial parks By KALPANA RASHIWALA The Indonesian white knight—which is reportedly linked to the Salim Group rescuing Alliance Technology and Development will now bring about $1 billion worth of Indonesian assets into the company, up
      FILE PHOTO  -  662 words
    • 419 3  -  By KENNETH LIM CHINA-BASED maker of industrial environmental products Sunpower Group hopes its initial public offer (IPO) for a Sesdaq listing will raise at least $7.2 million to expand its facilities and fund research. "We have reached a stage
      419 words
    • 728 3  -  HOCK LOCK SIEW By ANGELA TAN ON MONDAY, SembCorp Marine, a unit of marine conglomerate SembCorp Industries, announced results that showed group turnover for the year ended Dec 31, 2004 surging 28 per cent to a record high of $1.36
      728 words
    • 387 3  -  By KENNETH LIM DIVERSIFIED investment group Acma says it could be deeper in the red for the second half of 2004 compared with the first six months contrary to earlier guidance. "It appears that the group's loss for the second half-year
      387 words
    • 413 3  -  Stock hits 12-month peak following group's 'awesome' results By WONG WEI KONG ARE investors finally starting to discover Singpu Chemicals? After falling over 15 per cent last year, the stock has hit its highest level in 12 months after reporting results that wowed the
      Source: Bloomberg  -  413 words
    • COMPANY BRIEFS
      • 98 3 SHANGRI-LA Asia, the largest luxury hotel operator in the Asia Pacific, said it plans to open a 195-room hotel in London, its first in Europe. The company signed a 30-year lease with London-based Sellar Property Group to operate a hotel in the prbposed 70-storey London
        98 words
      • 89 3 OLAM International, a supplier of food ingredients and industrial raw materials, said investors ordered more shares than the 375 million it offered in its share sale. Around 200 Singapore-based and global institutional investors indicated their interest in buying 15.3 shares for every share in
        89 words
      • 82 3 LASSETER International Holdings posted a 92 per cent increase in first-half earnings to A$3.4 million as turnover rose 12.7 per cent to A$35 million. It said the surge in earnings is due to the company's continuing effort to improve revenue and streamlining of operational costs.
        82 words
      • 143 3 RAFFLES Holdings yesterday elaborated on The Business Times' report that the company will continue to target 5-6 hotel management contracts a year. It said it intends to accretively grow its hotel portfolio through an asset-light strategy of management contracts, leases and equity participation. To this
        143 words
      • 71 3 iCIAINBOARD-LjSTED SNP Corporation yesterday said it has entered into an agreement to sell its entire interest in wholly-owned subsidiary, SNP Bookstores Pte Ltd, for a consideration equivalent to cash of $3.3 million to Seow Tiong Hwa. It said this is the final phase of
        71 words
      • 87 3 TYE Soon Group cut its net losses from $6.1 million in FY 2003 to $565,000 in FY 2004. Turnover remained largely unchanged from 2003 at $121.2 million. Although Tye Soon said this was uninspiring, it noted its automotive and consumer business were able to
        87 words
      • 64 3 SINGAPURA Finance said pre-tax profit for the half year grew 13.1 per cent to $2.84 million, after it made allowances for loan losses of $868,000. It said that with the keen competition for business and rising costs, profit margins are expected to be lower. But
        64 words
      • 63 3 AUTRON Corporation's wholly-owned subsidiary AGS Pte Ltd has won a US$2O million deal to supply surface mount technology equipment to Chinese mobile communications company, Hangzhou Eastcom Cellular Phone, for the next three years. Autron, an assembly equipment solutions provider to the electronics industry, said the
        63 words

  • 901 4  -  CURRENCIES Euro and Swiss franc the most vulnerable on the charts LARRY WEE Senior Correspondent HERE comes the cavalry! Everybody, and everything, seems to have come to the rescue of the US dollar over the past week. The Fed, its chairman Alan Greenspan, China, President
    901 words
  • Article, Illustration
    489 4  -  Compiled by JOYCE KOH Eu Yan Sang Feb 8 dose: 40.5 cents DBS VICKERS SECURITIES, Feb 8 REVENUE growth of 17 per cent in the first half year-on-year was spearheaded by the retail segment, which saw increased same store sales and contributions from the opening of seven new
    Source: Bloomberg  -  489 words
  • 378 4  -  STOCKS R SIVANITHY Senior Correspondent A SUDDEN push on the banks yesterday ahead of their results next week helped send the Straits Times Index to a new high in a quiet but modestll firm session that saw mainly smau caps in play. m Familiar names
    378 words
  • TRADES TO WATCH
    • 136 4 EXCELPOINT Technology chairman and group chief executive Albert Phuay bought a further 120,000 shares on the open market yesterday through privately held AP2I Holdings. The shares were bought at 25.8 cents apiece. A day earlier, AP2I also bought 40,000 shares at an average
      136 words
    • 152 4 PACIFIC Andes Holdings' substantial shareholder t Clamford Holding bought 269,000 warrants on Friday on the open market for 19 cents and 19.5 cents apiece, raising the warrant holdings of four directors. The warrants, exchangeable for one Pac Andes share each at a strike price of
      152 words
    • 74 4  -  Compiled by KENNETH LIM FIRSTLINK Investment Corp substantial shareholder Topbound slashed its stake to just 14.2 per cent from 23.74 per cent in a married sale of 32.2 million shares on Monday. No pricing information was given. Through Topbound, Malaysia's Advance Readymix and Capital
      74 words
  • 325 4  -  CHART POINT By LIM SAY BOON OCBC Investment Research FOR the markets, the Year of the Rooster may be shaping up as a battle between the blessing of the numeral "5" and the curse of the "wave 5". On the one hand,
    325 words
  • Article, Illustration
    418 4 OTHER SINGAPORE INDICES Feb 8 VALUE CLOSE BT OB/OS -41.00 +287.00 BT CADI -*****.00 +93.00 BT 10-day MA -*****.00 -4.00 AH-SG Equities 553.69 +4.20 SG Equities Elect 159.30 -0.24 SG Equities Fin 1647.39 +20.74 SG Equities Prop 539.03 +3.08 SIMSCI 255.27 +2.78 SiMSCI Futures 255.20 +2.00 MOST ACTIVE STOCKS VOLUME
    418 words

  • SINGAPORE NEWS
    • 552 5  -  Schools save costs by making use of existing disused state buildings By LIZA LIN THE Singapore Land Authority (SLA) is working With the Economic Devel* tipment Board (EDB) to see how roughly a hundred vacant state properties can contribute to EDB's global schoolhouse
      552 words
    • 340 5  -  Govt hopeful of achieving it within 2 years: minister By YEN SREENIVASAN SINGAPORE is optimistic that it will be able to achieve full open skies with Australia within two years, thus enabling Singapore Airlines to operate the trans-Pacific route from Australia to
      340 words
    • 228 5 INFRASTRUCTURE spending is expected to provide the stimulus needed to lift economic growth in Asia this year, said investment research firm Credit Suisse First Boston. In a recent market economics research report issued, Credit Suisse said Asian governments, except for Singapore, Hong Kong and
      228 words
    • 164 5 MOTOROLA South-East Asia has appointed Alan Nicklos general manager of its mobile devices division. He replaces Scott Durshslag, who has a new appointment with Motorola in the US. Mr Nicklos joined the company in April 2002 and was previously the managing director of
      164 words
    • 515 5  -  Tissue banking lab likely to open there later this year By CHEN HUIFEN JUST months after expanding its facility in Singapore, local therapy firm CordLife is planting its foot in the Hong Kong market with a new tissue banking laboratory there which
      FILE PHOTO  -  515 words
  • Page 5 Advertisements
    • 75 5 Where to wine, dine and entertain... ty A World offadusive Privileges Treats GOOD GAINS Let your investors know by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. Notices] Amid Authentic Italian Restaurant (Te1:6469 9989) I enjoy fine Italian cuisine at Amici Authentic Italian Restaurant
      75 words
    • 91 5 LUNAR NEW YEAR EAT ALL YOU CAN A LA CARTE BUFFET 4 to 15 23 February, except 8 February L* Lunch: Adult $26 Child $16 Dinner: Adult $35 Child $21 As many as 60 delectable dishes fd are being served in this haixiang sumptuous Cantonese buffet. For reservations, please call
      91 words
    • 2 5 WuCmEwKtMnftßEttSKM^m^^&G^&ii miaaJiW.BO.atM
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    • 39 5 1 MERITUS MANDARIN SINGAPORE international favourites at our scrumptious high-tea buffet. Child: floor MERITUS MANDARIN imctroti A division of Overseas Union Enterprise Limited (Company Registration N0.*****0050E) 333 Orchard Road, Singapore *****7. Tel: +65 6737 4411. Fax: +65 6732 2361.
      39 words

  • ECONOMY WATCH
    • 827 6 Severe measures will have a hard time passing through Congress AP Reuters [WASHINGTON] US President George Bush proposed a U552.57 trillion budget Monday that erases scores of programmes, but still worsens federal deficits over the next five years. In one of
      AP; Reuters  -  827 words
    • 536 6 Bloomberg [WASHINGTON] President George W Bush's fiscal 2006 budget anticipates that the US economy and inflation will slow this year from a year ago amid higher interest rates. The economy will expand 3.6 per cent in 2005 compared with the 4.4 per cent in 2004.
      Bloomberg  -  536 words
    • 355 6 Bloomberg AP [WASHINGTON] US consumer borrowing increased less than expected in December after the Federal Reserve raised interest rates five times in the last half of 2004. Borrowing rose by US$3.l billion to U552,104 trillion, from a revised gain of US$2 billion
      Bloomberg; AP  -  355 words
    • 402 6 Bloomberg [SYDNEY] Australian business confidence surged to a 15-month high in January as builders and manufacturers said sales would improve. The business confidence index rose 10 points to 21, the highest level since October 2003, according to a survey of 361 companies conducted by
      Bloomberg  -  402 words
    • 903 6 NYT [AUSTIN, Texas] Comebacks are never easy. Just ask America's leading technology cities. After two years of shedding jobs. Austin and other high-tech centres are hiring again. But unlike during the boom, when high tech was boss, the new job growth is being driven
      NYT; BLOOMBERG  -  903 words

  • MALAYSIA/INDONESIA
    • 661 7 But analysts see small to medium firms yielding big gains in Jakarta Reuters [JAKARTA] After two years with Indonesia's benchmark stock index a top Asian performer, Jakarta's blue chips are becoming expensive, but analysts see promise for smaller banking, energy and infrastructure firms. Those small
      Reuters  -  661 words
    • 263 7 Bloomberg [SYDNEY] New Hope Corp, an Australian coal producer, agreed to sell its stakes in Indonesia's largest thermal coal'mine and a shipping terminal to businessmen linked to Indonesia's biggest carmaker for US$37B million. Edwin Soeryadjaya, the son of PT Astra International's founder, T
      Bloomberg  -  263 words
    • 150 7 [KUALA LUMPUR] In an effort to boost bumiputra participation in economic and entrepreneurial activities in Sabah and Sarawak, companies there will in future be given priority in carrying out infrastructure projects in the two states, Malaysia's Business Times yesterday quoted Prime Minister Abdullah Ahmad Badawi
      150 words
    • 217 7 Low penetration means the industry has room to grow Reuters [JAKARTA] Sales of motorcycles in Indonesia are forecast to rise 20 per cent this year, an industry association head said Monday. This would bring the total number of motorbikes sold in Indonesia, the world's
      Reuters; FILE PHOTO  -  217 words
    • 440 7 Residents will be relocated outside the 2km zone Reuters [BANDA ACEH, Indonesia] Coastal cities in Indonesia's tsunami-hit Aceh province will be pushed back and protected from the sea by a buffer zone to prevent any repeat of the disaster that killed at least
      Reuters  -  440 words
    • 2194 7 vol FS8M 1.00 0.02 20 W« M» W- Pjjg FTEC Resources .0.39 0.01 4S8 Furqan Bus. Org. .0.38 0.01 5053 AftMRealty 131 unch 0 Gadang 1.43 0.02 379 Abnc 0.60 0.05 21 Gamuda 5.40 -0.05 245 ACP Irxkistries 1.15 0.01 11 General Corp 8.90 urich 57
      2,194 words

  • GREATER CHINA
    • 594 8  -  CHINA INSIGHT JEAN CHUA Reporter IT'S the most wonderful time of the year for the Chinese at least, who get a week off work and, if you're a retailer, about 20 per cent of your annual sales in the 60-day Spring Festival period. More
      REUTERS  -  594 words
    • 478 8 Bloomberg [BEIJING] China's stock indexes may extend their rebound from six-year lows when trading resumes next week after a report in China Business newspaper that the government plans a 50 billion yuan (559.9 billion) market-support fund. The fund is aimed at preventing
      Bloomberg  -  478 words
    • 902 8 Home-made hits score over foreign imports at the box office this season AFP [BEIJING] Blockbuster movies for Chinese New Year audiences are a tradition in China, but the box office success of this season's hits over foreign imports is a sign that the country's struggling
      AFP  -  902 words
    • 200 8 Bloomberg [HONG KONG] PCCW Ltd chairman Richard Li, the son of Hong Kong's richest man, gave up the right to maintain his shareholding in the city's biggest telephone company in the event of a sale of new stock. Mr Li, whose
      Bloomberg  -  200 words
    • 328 8 Bloomberg [BEIJING] Bank of China, the country's secondlargest lender, said it plans to sell 18 billion yuan (553.56 billion) of bonds on the Interbank market to boost capital. The Beijing-based bank will start selling 8 billion yuan of 10-year bonds
      Bloomberg  -  328 words

  • FOCUS: INDIA'S ELITE
    • 1055 9 Celebrity coverage has proven to be a big hit with Indian newspaper readers LAT-WP THEY wear silk saris, well-cut Nehru jackets and incandescent smiles. They are practiced in the art of airkissing and social banter. They are often beautiful, usually rich and sometimes genuinely
      LAT-WP; AFP  -  1,055 words
    • 927 9 And thanks to the booming economy, the lavish displays of power and social status are no more limited to the elite NYT ALKA Khaitan had waited two dozen years to see her daughter Namrata sit on a throne, blanketed by shimmering 22-carat gold jewellery.
      NYT  -  927 words

  • ASIA-PACIFIC/WORLD
    • 319 10 AP [LAS VEGAS] Clear Channel Entertainment is teaming up with the Aladdin to manage the hotel-casino's theatre and a planned showroom, the companies said. The agreement gives Clear Channel Entertainment, one of the world's leading producers of live entertainment, a sizable venue
      AP; BLOOMBERG  -  319 words
    • 497 10 It may swap its preferred shares to common stock Reuters [TOKYO] Goldman Sachs Group could take a step toward becoming the largest shareholder in Japan's third-biggest bank by converting part of its US$l.4 billion in preferred shares in Sumitomo Mitsui Financial Group (SMFG). Swapping
      Reuters  -  497 words
    • 338 10 He received US$29.2m in stock awards on top of a US$6OO,OOO salary Bloomberg [NEW YORK] Henry Paulson, Goldman Sachs Group Inc chief executive officer was paid US$29.B million last year, 40 per cent more than he got in 2003. The 58-year-old CEO of
      Bloomberg; BLOOMBERG  -  338 words
    • 437 10 Reuters Bloomberg [TOKYO] Japanese Internet firm Livedoor Co that bought 18 companies in two years raised its stake in Nippon Broadcasting System Inc (NBS) yesterday, threatening a US$7l9 million bid for the radio broadcaster by Fuji Television Network. Livedoor said it had
      Reuters; Bloomberg  -  437 words
    • 744 10 NYT [NEW YORK] Shortly before sunrise on a recent Monday, four men arrived at the Trinity Boxing Club in Lower Manhattan to jump rope, run on elliptical trainers and shadow-box, finishing an intense training process: five days a week for over a month,
      NYT  -  744 words
    • 288 10 AFP [MELBOURNE] Australian telecommunications giant r Telstra is planning to float I its lucrative directories division, Sensis, before the federal government sells its P majority stake in the company, it was reported yesterday. The Age newspaper quoted government sources as saying Telstra had informed
      AFP  -  288 words
  • Page 10 Advertisements

  • WORLD
    • 696 11 Proposal to open the votes to greater shareholder participation fails NYT [WASHINGTON] Signalling a retreat, the US Securities and Exchange Commission told three large companies 6n Monday that they could rebuff requests by institutional shareholders seeking the opportunity to nominate a
      NYT  -  696 words
    • 454 11 Reuters [LONDON] The world's largest fund of hedge funds groups controlled more than half the US$l trillion estimated to be invested in the industry at the end of last year, trade publication Invest Hedge said on Monday. Swiss bank ÜBS was the world's
      Reuters  -  454 words
    • 421 11 Reuters Bloomberg [BEVERLY HILLS, California] The long walk down the Oscar aisle will be a lot shorter for some of this year's Academy Awards winners in fact, some will not make it to the stage. Oscars telecast producer Gil Cates told the
      Reuters; Bloomberg; AP  -  421 words
    • 440 11 NYT [SAN FRANCISCO] IBM Corp on Monday formally unveiled what it describes as a "supercomputer on a chip" that promises to dramatically increase the computing power in video game systems, TVs and other consumer electronics. At an engineering conference here, semiconductor designers from
      NYT  -  440 words
    • WORLD WATCH
      • 74 11 Bloomberg [ZURICH] Europe's biggest bank by assets, ÜBS AG, said fourth quarter profit climbed to a record, boosted by rising fees from managing money for the rich. Net income rose to 2.02 billion Swiss francs (552.71 billion) from 1.81 billion francs a year earlier,
        Bloomberg  -  74 words
      • 77 11 AFP [MOSCOW] The number of Russian billionaires jumped to 39 early this year from 25 a year ago, with Roman Abramovich still in the lead. The Russian magazine Finans ranked the owner of English football club Chelsea as the richest with an estimated fortune
        AFP  -  77 words
      • 95 11 AP [PARIS] Internet search engine Google Inc is weighing a possible appeal after a Paris court ordered it to pay 200,000 euros (*****,000) plus costs to luxury goods maker Louis Vuitton for breach of trademark. The high court here awarded the damages in a
        AP  -  95 words
      • 84 11 AP [HOUSTON] The man who ran Enron Corp's finances from the aftermath of its failure through last October has agreed to pay US$5OO,OOO to settle allegations that he knew or should have known some assets were grossly overvalued to falsely inflate the disgraced energy
        AP  -  84 words
    • 669 11 [LONDON] Bill Gates is best known as the billionaire founder of Microsoft. When pressed, many would also be able to point to his philanthropic efforts. Few realise that he is also chairman and sole shareholder of the second largest image library in tbe
      669 words

  • AVIATION
    • 464 12  -  Airline may seek compensation for failed bid to fly to S'pore from Jakarta By VEN SREENIVASAN AIRASIA'S Indonesian associate, Awair is considering legal action, including a demand for monetary compensation, against the Singapore government for allegedly blocking it from flying to the Republic from
      464 words
    • 1890 12 cm FU6MT n* FUttKT ITP SK973 1940 SK972 2210 Da Hang MI633 2225 MI633 1425 Adalafda AF8087 1855 LH9770 2245 SQ5024 2225 SQ5024 1425 BA7381 1855 SQ229 2245 Darwin AF8087 1855 A***** 2235 LH9771 1855 8A7381 1855 Qf81 1855 Of81 1855 SQ230 1855 Delhi S0407 0440
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    • 514 12 Reuters [CHICAGO] United Airlines is putting a brave face on its prospects for exiting bankruptcy, although a top executive acknowledged the No 2 US carrier still faces weighty obstacles to regaining financial health. United has been in bankruptcy since December 2002.
      Reuters  -  514 words
    • 476 12 Senior figures at Paris airport may be probed: report AFP (PARIS] An administrative enquiry into the fatal roof collapse at Charles de Gaulle airport last year will blame flaws in the design and construction of the newly-completed terminal, officials at the Paris airport authority
      AFP; AFP FILE PHOTO  -  476 words
    • 328 12 Reuters [MUMBAI] The initial public offering (IPO) of India's biggest domestic airline. Jet Airways, is expected to open next week, and bids will be invited in a band around 900 rupees per share, sources said on Monday. Jet Airways (India) Ltd plans
      Reuters; AFP  -  328 words
    • 286 12 AFP [WASHINGTON] The airline industry on Monday protested a Bush administration budget proposal to raise the security fee on airline tickets, saying it would hurt already ailing US carriers. The reaction came after President George W Bush's budget included a
      AFP  -  286 words

  • SHIPPING
    • 854 13 Rising imports by the US and Europe of Chinese goods help boost demand Bloomberg [SINGAPORE] Neptune Orient Lines (NOL) may report that its fourth-quarter profit rose 35 per cent as demand for Asian goods in the US and Europe helped it
      Bloomberg; FILE PHOTO  -  854 words
    • 286 13 SGX '000 F*S SS W- Vol CH Offshore .0.40 0.02 2839 ChuanHup .0.76 0.04 ***** Cosco Corporation 129 -0.01 1456 CWT Distribution .0.70 unch 0 Ezra Hldgs..._ 1.07 -0.01 132 Freight links. 0.10 0.01 5188 Grand Banks Yacht 1.02 unch 0 Jaya Holdings 1.07 0.01 91 K1 Venture
      286 words
    • 431 13  -  Ensco International paid US$80m for the 75% stake By DONALD URQUHART [SINGAPORE] Keppel Fels Ltd said yesterday it has sold its 75 per cent stake in a US$lOB million jack-up rig it has just completed for US-based energy services company Ensco International Inc.
      431 words
    • 696 13  -  STRAIT TALK By DAVID HUGHES PIRACY is still the issue that will not go away. More seafarers were murdered last year than in 2003 even though fewer attacks were reported. There were 325 reported attacks against ships in 2004, compared to 445
      696 words
  • Page 13 Advertisements
    • 52 13 |%w-' mm wmmf mmmmmwmmmmxwm^mmm^mmmmmmmmmmi n iwrmiiiihiiwii 'mumm mwmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm i Get a leading Edge Your sailing schedules get wider attention in The Business Times shipping pages Call Joe Wong at 6319-2062 or Bernard Ong at 6319-1645 TIMCC jnlrrlNu I IlVIt j 9B *%wVfr *vitV»... 1 'k f 38' r .4?'*- '<%
      52 words

  • EDITORIAL & OPINION
    • 492 14 EDITORIAL ONCE a year, normally rational investors and analysts cast a cautious eye on prognostications from an unlikely source: astrology. From far-out findings of feng shui masters to investment house CLSA's Fengshui Index, zo-diac-inspired predictions come to the fore with the advent of Chinese New Year.
      492 words
    • 861 14  -  With calls for a wage freeze and longer working hours, state work rules are set to change By CARTER DOUGHERTY IHT GERMANY'S public employees, long perceived as lazy bureaucrats insulated from real-world pressures, are now facing the same demands for lower costs and more flexibility from
      IHT; AFP PHOTOS  -  861 words
    • 754 14  -  THE BOTTOM LINE ANDY MUKHERJEE Bloomberg BANK of England governor Mervyn King, a self-pro-fessed practitioner of "boring" monetary policy, now wants the world's key central banks to make a combined attempt at global dullness for the sake of stable currencies. "The
      Bloomberg  -  754 words
    • 1351 15  -  Politicians from both left and right are starting to question the justification for the country's rising debt By JOHN HARRIS WP IN 1992, Ross Perot likened the federal budget to a patient spurting blood in an emergency room. "Step one is to stop the bleeding, and
      WP; REUTERS  -  1,351 words
    • 1187 15  -  President George Bush apparently wants to spread democracy to the darkest corners of the solar system LEON HADAR Washington Correspondent EVEN some of President George W Bush's most enthusiastic conservative Republican supporters have expressed a sense of alarm over the grandiose and expansive vision of America's
      AFP  -  1,187 words

  • Page 15 Miscellaneous
    • 333 15 CRYPTIC CROSSWORD Ar-oocc 5 Information on girl in city (6) 6 He folds a thing suspiciously 6* s f,r f• J"* for the moment showing this? (7,2,4) o c x ..I. 7 If out of sorts, eat no hot 8 Some of those ancestors to appear in this? (6) E*
      333 words

  • 10600 16 STRAITS TIMES INDEX STOCKS Stecfc—— tit Owe On«ll Stock m Oot» Change Allgreen 50c 0.28 1.070 -0.020 NOL 243 3.600 -0.040 BIL Intl US20c 0.49 1.100 -0.010 OCBC 9.73 13.800 40.200 CapitaLand 145 2.290 *0 020 Parkway H 25c 0.70 1 600 Chart SemiCond 26c 0.74 1.030 People's
    10,600 words

  • 5706 17 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES in heal am hit tiUSi %4y ft kdy tfy %y lnd»« Oungt Ch<np« Qnng« Owng» Chanqm Qnngt World Index Preliminary #589 07 0.8 0.1 -07 -0.1 -1/1 t EAFE ftrtmmary 7934 06 2.7 01 -OJ -0 7 12 Europe Preliminary ***** 06 3.9
    5,706 words

  • Page 18 Advertisements
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      1,610 words
    • 834 18 IINTIRAHA KORO SIKVICI vßsa/vor mrocn hbchtw wo kh m m «t I STIAITS VENTURE 03/DS 1$ 3.J 03/ M 05/OT 10/02 I J/02 IS/K STIAITS VEMTUtE 04/05 1$ 3.2 17/02 20/02 25/02 21/02 02/03 STIAITS VEMTUKE 05/05 15 U 04/03 07/03 |WIST ASIA/MWOAI ROUP IVt VKSa/VOT IAMffIU) HBGHT(M) YOK KEI
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  • Page 19 Advertisements
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  • THE BUSINESS TIMES SHIPPING TIMES
    • 6189 22 This ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertber Vessel Veyaae Telephone SIN Dasfn Name Name Number Number SIN Oesfn Name Name Number Number To HAMBURG (HAM) 2150 Germany To ABIDJAN (ABJ) 2003 Cote D'lvoire 18/02 10/03 CMACGM norasia atria 50M2 *****800 17/02
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  • EXECUTIVE MONEY
    • 952 23  -  YOU AND THE TAXMAN LISA LIM and CHONG LEE SIANG caution on the transfer pricing regulatory minefields Singapore companies face as they extend their footprint abroad LISA LIM, CHONG LEE SIANG By ERNST YOUNG AS Singapore companies strive to become players on the global stage,
      By ERNST & YOUNG; Source: Ernst & Young Transfer Pricing 2003 Global Survey  -  952 words
    • 355 23  -  By Chua Boon Lee Standart Foor's Associate, Fund Services A weekly highfcj* of tfie top tfnd sectors over a 12-month period. Data from Standard Root's Fund Sendees. THEY got the wooden spoon for performance in 2004, but Thai equity funds have staged a nice rebound so far
      355 words
    • 4315 23 UNIT TRUSTS FUNDS Shenton Dynam«:Bon[V A 1404/ Shenton Greater China 1.237/ Mendaki Global/** 0.724/ 25 Shenton Global Art/antage 2.082/ USGrow* 1091/ Shenton GnMwb»«pt 1.031/ rau" n 07/ *no«*<Jge 1.174/ °,2?! Enhanced Income SGO/$ 1.*****/ Star Asa tod 1.28* Enhanced Income USO 1.*****/ .7f17S-~ MalayaaEqty SGO!" 1.037/ Twm! Mult) Strategy Fd
      4,315 words
    • 1235 24  -  The new MediShield, while a vast improvement from the old, will not plug the gaps in your medical cover. The devil is in the claim limits, as GENEVIEVE CUA finds out, and supplementary plans may be needed GENEVIEVE CUA THE revamp of MediShield aims to give
      1,235 words
    • 1476 24  -  MONEY MATTERS LIM SAY BOON THE year of the rooster, the plainspoken geomancers likely to be mostly awful. As oflte of the less diplomatic practitioners of the art of divining by the elements put it recently: "Inauspicious?... very, very unfavourable." But unless you are about
      Source: OCBC Securities  -  1,476 words
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