The Business Times, 1 March 2005

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Total Pages: 30
1 30 The Business Times
  • 18 1 THE BUSINESS TIMES SINGAPORE B r JV&\rr online at http://business-times.asia 1 .com.sg MICA (P) 089^03/2005 Tuesday March 1,2005
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  • 819 1  -  Some 15 to 20 parties are believed to have submitted concepts by yesterday's closing date By ALEXANDRA HO [SINGAPORE! It was a colourful morning at the usually quiet and sedate Singapore Tourism Board offices on Orchard Spring Lane yesterday. You wouldn't expect less,
    819 words
  • 786 1  -  NewSmith Capital and Koh Boon Hwee step in and appoint new management By JOYCE KOH [SINGAPORE] Asset management and corporate advisory firm New Smith Capital Partners and investor Koh Boon Hwee have emerged as white knights for beleaguered Citiraya Industries. For
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  • TOP STORIES
    • 423 2  -  By JOYCE KOH [SINGAPORE] THE rash of business scandals in recent months does necessarily mean corporate governance here is deteriorating, but could instead reflect a growing capital market, market players said yesterday. Indeed, they say it could even
      ARTHUR LEE  -  423 words
    • 705 2  -  SIAS mulls rating firms on factors such as accounting, risk management By WONG WEI KONG [SINGAPORE] With news of the Accord Customer Care Solutions (ACCS) scandal still sinking in, investors have been hit by fresh shocks at two other companies one of which was
      705 words
    • 593 2 Total earnings of listed TLCs double TEMASEK-LINKEb companies (TLCs) as a group have enjoyed a bumper year of earnings in 2004, with improvements in all sectors except the semiconductor industry helping to more than double total profit. Fourteen key TLCs which announced results for the year ended Dec
      593 words
    • 513 4  -  By CAROLYN QUEK [SINGAPORE] Total manufacturing output rose year-on-year for January to 9.9 per cent, due to lower output from plant shutdowns during the Chinese New Year (CNY) holidays in January 2004. Overall growth could be higher though, if not for the biomedical manufacturing
      513 words
    • 141 4 sn 2,***** (-15.68) ST INDEX FUTURES 2.130.00 (-10.00) simso 251.66 (-1.36) SIMSO FUTURES 252.10 (-1.50) MARKETS Monday Chang* KLSECOMP 907.38 +3.87 NIKKEI 225 11.740.60 +82.35 HANG SENG 14.195.35 +38.26 SET INDEX 741.55 +1.51 JAKARTA COMP 1.073.828 -9.54 MANILA COMP 2,079.99 +6.80 SEOUL COMP 1.011.36 +14.41 SHENZHEN B 259.42
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    • 689 4  -  Combined profits of 14 key firms hit $5.8b; dividends rise average 40% By WONG WEI KONG [SINGAPORE] Temaseklinked companies (TLCs) as a group have enjoyed a bumper year of earnings in 2004, with improvements in all sectors except the semiconductor industry helping to more
      689 words
    • 539 4  -  By JEAN CHUA [SINGAPORE] Relief efforts in the countries affected by December's tsunami could take as long as three to four years, and the international community has to be prepared to do more, said former US president Bill Clinton. Mr Clinton,
      BRYAN VAN DER BEEK/ST  -  539 words
    • 572 4  -  SPC's refusal to up prices prompts competitors to act By RONNIE LIM [SINGAPORE] In an unexpected flip-flop, petrol pump prices in Singapore dropped yesterday from eight-year highs at the weekend falling by six cents a litre to the levels they
      Source: A Singapore oil company  -  572 words
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  • Page 3 Advertisements
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  • COMPANY NEWS
    • 798 5  -  Earnings jump 33% to $203m, boosted by M&C's £376m sale of The Plaza By ANDREA TAN AFTER years of resisting an office real estate investment trust (Reit), property tycoon Kwek Leng Beng did an about-turn yesterday. The executive chairman of
      ARTHUR LEE  -  798 words
    • 603 5  -  15 largest firms account for 63% of the total By R SIVANITHY a'lJgStFon blue in £he firsfwro weeks •,.of last month,iparket capitalisation #fHtee local stock market grew by about $7.4 billion or 2 per cent from January to $378.3 billion, with
      603 words
    • 285 5  -  By EN SREENIVASAN SINGAPORE Airlines (SIA) has been ranked one of Asia's most admired firms in an international survey. The Hay Group survey, featured in the March 7 issue of Fortune magazine, names SIA among five Asian companies ex-Japan on its most
      285 words
    • 679 5  -  HOCK LOCK SIEW By R SIVANITHY OVER the past week, this column has featured commentaries that might give the impression that "ana-lyst-bashing" is now a popular Business Times pursuit. That this perception has arisen is understandable. BT has several times in the past
      679 words
    • 956 6  -  FINANCIAL RESULTS Total net earnings for the 329 firms which filed results so far is $18.07b By TEH HOOI LING SINGAPOBE listed companies have delivered such a sparkling set of earnings for 2004, so much so that the concern now is whether the growth
      956 words
    • 189 6  -  By LIZA LIN ONE of Singapore's leading brokerages, UOB-Kay Hian, announced $85.4 million in net profits last year, up 9.3 per cent from the $78.1 million in 2003. About 29 per cent of the profits were generated by overseas subsidiaries and associated companies. In 2004,
      189 words
    • 258 6  -  By VEN SREENIVASAN A-SONIC Aerospace Ltd yesterday announced record earnings and a warrant bonus issue to raise funds for its planned China low-cost airline venture. A-Sonic, which distributes aircraft components, saw its full-year net earnings to December 2004 rise 5.9 per
      258 words
    • 203 6  -  By DALENALEE CITING strong growth in its hospital services segment, Raffles Medical Group (RMG) yesterday posted a 24.7 per cent rise in net profit to $10.1 million for the year ended Dec 31, 2004. Although group revenue grew'just 2.4 per cent to $101.5
      203 words
    • 195 6  -  By CAROLYN QUEK DESPITE a profitable second half and a 12-month 24.7 per cent rise in revenue to $50.2 million, Bread Talk Group yesterday posted its first post-!PO full-year net loss of $31,000. Bread Talk listed on Sesdaq in mid-2003 said the second half
      195 words
    • 498 6  -  Company in the black if not for a $1m forex loss By JOYCE KOH LOSS-MAKING since its listing in 1999, Mediaßing is coming closer to turning in a profit as the telecommunications services provider turned in a second-half FY2004 net profit and record full-year
      FILE PHOTO  -  498 words
    • 150 6 Bloomberg DAIRY Farm International Holdings Ltd, which operates supermarkets and drugstores throughout Asia, said 2004 profit almost doubled as sales climbed. Net income at the Hong Kongbased, Singapore-listed company, rose to U*****.3 million, or 18.7 US cents a share, from U*****.7 million, or
      Bloomberg  -  150 words
    • 593 7  -  S'pore loan growth at Stanchart, HSBC, Maybank outpace local lenders' rate By SIOW LI SEN FOREIGN consumer banks in Singapore last year had another sterling year, with loan growth of as high as 20 per cent against local banks' single-digit gains. London-based Standard Chartered led the
      FILE PHOTO  -  593 words
    • 552 7  -  TT and subsidiary say US$3m received in normal course of business By KAREN HO ELECTRONICS exporter TT International and its wholly owned subsidiary E&E Wholesale have been sued by Dresdner Bank in a bid to recover misappropriated money over an alleged Nigerian scam.
      552 words
    • COMPANY BRIEFS
      • 52 7 KEPPEL Land has appointed Heng Chiang Meng as director with effect from today. Mr Heng is adviser and director of property firm LKNPrimefield Ltd. He also holds directorships in various other companies including Jurong Port Pte Ltd, Econ International, Orchard Parade Holdings, Thakral Corp and
        52 words
      • 66 7 CET Technologies Pte Ltd, a wholly-owned subsidiary of Singapore Technologies Electronics Ltd, has been awarded a US$5.3 million contract by the Ministry of Communication, Science Technology of Maldives. CET is to provide an information network that will connect Maldives' government and related agencies in Male and
        66 words
      • 67 7 OLAM International said it has signed a memorandum of understanding with TechnoServe, a UJi-based non-profit organisation, to support the development of sustainable and valueadded agro-processing initiatives across Africa. They will jointly create programmes focused on innovation, research and development, cost reduction and the environmental sustainability
        67 words
      • 49 7 LEONG HIN Holdings announced that its independent director Michael Khor Teik Hean has tendered his resignation with effect from yesterday. With the resignation, Mr Khor will also cease to be the chairman of the firm's audit committee and member of the remuneration and nominating committee.
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      • 38 7 OSSIA International said it has entered into an exclusive distributorship agreement with Berkenblad BV for Hedgren bags and travel gear for the territory of Singapore, Malaysia, Brunei, Indonesia, Thailand, the Philippines and Vietnam.
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      • 74 7 EZRA Holdings said that its wholly-owned subsidiary. Emas Offshore (M) Sdn Bhd, which owns 49 per cent of Genesis Offshore Sdn Bhd, has agreed to dispose of its entire shareholding in Genesis Offshore to a third party for a consideration of $91.000 in cash.
        74 words
    • 259 7 KM IMBPft fl fKMi flOfKC MAJUHTV YEAR RAISED COUPON AMOUNT NTSC5T Of DAYS OF PWCB* REDEMPTION DATE RATE (SmJ WMENT ACCRUED (EXCUJDMG YIELD BMCODi t*M 1MB INTEREST ACCRUED MTEPES1) C* fxa) 15.*****5 N*****0A 1998 43/8 3600.00 ISM 15/10 136 *****" 1.84
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    • 474 7 Bloomberg [SINGAPORE] Barclays Bank. Standard Bank London and three other creditors of China Aviation Oil (Singapore) Corp have formed a committee to negotiate with the oil trader, according to a letter from bankruptcy adviser Ferrier Hodgson. Macquarie Bank, Societe Generale's
      Bloomberg  -  474 words
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    • 158 5 Global Corporate Services Company Formation Foreign Direct Investment Virtual Offices Since 1975 OCRA Worldwide has been providing offshore incorporation and administration solutions for Asian and International businesses. We have been at the forefront of corporate and financial trends in China and lead the field in foreign direct investment Our pioneering
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  • Page 6 Advertisements
    • 740 6 nctftafettNMMin IN THE HIGH COURT OF THE REPUBLIC OF SINGAPORE Originating Summons No. 215 of 2005/R In the Matter of SECTION 73 OF THE COMPANIES ACT (CAPJO) AND ORDER SB OF THE RULES OF COURT (REVISED EDITION 1997) And ECON INTERNATIONAL LIMITED (RC NO. *****0983H) ...Applicant ADVERTISEMENT OF DAY FIXED
      740 words
    • 217 6 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF BROADWAY MARITIME PTE LTD Co. Rag. No. *****4126* (IN MEMBERS' VOLUNTARY LIQUIDATION) NOTICE IS HEREBY GIVEN pursuant to Section 308 of The Companies Act, Chapter 50, that the Final Meeting of the members of the abovenamed
      217 words


  • SINGAPORE MARKETS
    • 539 8  -  STOCKS Depressed sentiment results in sell-off across the board; STI up about 53 points or 2.3 per cent for the year R SIVANITHY Senior Correspondent LOCALISED worries yesterday overtook any positive feelings that may have come from Wall Street's recovery last week, resulting in
      Source: Bloomberg  -  539 words
    • Article, Illustration
      923 8  -  Compiled by R SIVANITHY MEMTECH INTERNATIONAL Fab 28 dose: 3S cants (-23 cants) OCBC INVESTMENT RESEARCH, Feb 2S FOLLOWING its weak September quarter results, Memtech reported another set of disappointing numbers for 4Q04. Despite revenue rising 19.1 per cent quarter-on-quar-cent to $3.0 million, due to a steep decline
      Source: Bloomberg  -  923 words
    • 588 8 CURRENCIES Reuters [LONDON] The yen soared yesterday after data showed Japanese industrial output and retail sales posted stronger growth than expected in January, sparking hopes that the economy is climbing out of last year's recession. The yen gained more than one per cent against the
      Reuters; AP  -  588 words
    • TRADES TO WATCH
      • 157 8 WEE Investments Pte Ltd yesterday bought 267,000 shares of Haw Par Corp from the open market on Thursday last week, raising its direct stake in Haw Par to 17.01 per cent from 16.88 per cent. The transaction, at about $5.15 a share, raised
        157 words
      • 60 8 S CHANDRA DAS (above), a director of The Ascott Group, has exercised stock options totalling 275,000 shares in the company. The considerations range from 32 cents to 37 cents a share. The change of shareholding on Thursday last week brought Mr Das' direct stake to
        60 words
      • 57 8 LASSETERS International Holdings director Dato Kuan Peng Ching@ Kuan Peng Soon on Friday last week bought 10,000 shares or a 0.006 per cent stake in the company at 25 cents apiece from the open market. His direct interest in Lasseters is 2.59 per cent. Lasseters
        57 words
      • 50 8 ROBINSON Co substantial shareholder Aberdeen Asset Management Asia sold 7,000 shares of the company in the open market on Friday last week, cutting its deemed interest in the company to 9.42 per cent, from 9.43 per cent. Shares of Robinson yesterday closed unchanged at $6.35.
        50 words
      • 73 8  -  Compiled by CHEN HUIFEN SCHRODER Investment Management Singapore has sold a total of fnore than 1.2 million shares of SembCorp Industries on Thursday last week on behalf of its clients. The transaction has resulted in a reduction in deemed interest of the Schroder Investment
        73 words
    • Article, Illustration
      415 8 OTHER SINGAPORE INDICES Feb 28 VALUE CLOSE BT OB/OS -719.00 -305.00 BT CADI -*****.00 -134.00 BT 10-day MA -*****.00 -72.00 AH-SG Equities 549.53 -3.67 SG Equities Elect 144.19 +0.43 SG Equities Rn 1595.05 -8.59 SG Equities Prop 553.08 +1.15 SIMSCI 251.66 -1.36 SiMSCI Futures 252.10 -1.50 MOST ACTIVE STOCKS VOLUME
      415 words

  • SMALL CAPS
    • 360 9 OUR small cap portfolio still managed to beat the UOB Sesdaq Index despite being hit by the plunge in Accord Consumer Care Solutions (ACCS). The value of the portfolio fell 4 per cent compared with the 4.3 per cent decline suffered by the second board
      360 words
    • 1005 9  -  The outlook for 2005 is rosy, as it seeks further growth via regional expansion, reports ANGELA TAN ANGELA TAN When the share price of mobile phone service provider Accord Customer Care Solutions (ACCS) fell on news that it lost major customer Nokia,
      FILE PHOTO; Source: Bloomberg  -  1,005 words
    • 3944 9 UNIT TRUSTS FUNDS uPG'teedsxn i04«w up GMd 7 an i .*****; UP G'toed Fuid 5.0/3 1.****** fV"°c?f!f! ,yp0 UP G'lnd Fund 70/3 1.*****/ StarEuopeE*/!** 0J1V Upswing Fund 5.W1 0.*****/ Star Europe Bond 1.264/ Unswuw Fund 7.<yi 0.*****/ "X- 1 UPSWING FUNO 5.0/2/90% *****3/ Star Asan Tiga 1-80* UPSWING FUND 5.0/2/100*
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  • SINGAPORE NEWS
    • 427 10  -  They will also be the final arbiters in the negotiation of the bilateral issues By CHUANG PECK MING SfeNIOR Minister Goh Chok Tong and Malaysian Prime N&nister Abdullah Ahmad Badawi will resume talks today to examine outstanding bilateral issues in more
      427 words
    • 541 10  -  IN PARLIAMENT Reports by DANIEL BUENAS WHILE most MPs agree tliat this year's Budget is "wide-ranging" and one for the man-in-the-street, some have also said that more could be done to help businesses and small and medium enterprises in Singapore. "Businesses, especially SMEs,
      541 words
    • 427 10 REFORMING MediShield provides scope for unions, employers and insurers to build portability into their corporate group medical insurance plans. Health Minister Khaw Boon Wan said yesterday. Responding to questions by MPs Tan Sze Wee and Ho Geok Choo, Mr Khaw said that the lack
      FILE PHOTO  -  427 words
    • 121 10 THE Financial Planning Association of Singapore (FPAS), an organisation that represents qualified financial planners, announced its new executive committee yesterday. Paul Stefansson, regional director for corporate relations at ipac Financial Planning Singapore, takes over as FPAS president from Sharmila Gunasingham, while Chew Ban Seng,
      121 words
    • 425 10  -  By CHEN HUIFEN SINGAPORE'S services sector rode on the growing economy and grew some 10 per cent for the whole of last year. According to Department of Statistics data, the business receipts index continued climbing in the fourth quarter, edging up 6 per
      425 words
    • 255 10 ENGINEERING, computing, and communications are some of the potential areas th~ University of New South Wales (UNSW) js exploring for research and development (R&D) in Singapore. The Australian university, which is setting up its first overseas campus, UNSW Asia, here in 2007, plans
      255 words
    • 337 10  -  By ROLAND LIM SINGAPORE businesses are among the top e-mail users globally, according to a survey by international accounting and consulting firm Grant Thornton. Grant Thornton's 2005 International Business Owners Survey (Ibos), which surveyed over 6,300 owners of medium-sized businesses in 24
      337 words
    • 198 10 AP THE number of visitors to Singapore grew by only 2.3 per cent in January from the same period a year ago, hurt by a tsunami that devastated parts of the region on Dec 26, the Singapore Tourism Board said yesterday. Singapore welcomed 666,994
      AP  -  198 words
  • Page 10 Advertisements
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      128 words

  • SINGAPORE FOCUS: INDUSTRIES
    • 693 11  -  MANUFACTURING By focusing on specialised areas of manufacturing that are its core strengths high technology, high-precision manufacturing and design S'pore will stand a chance of withstanding growing threats from China and India, economists tell MICHELLE QUAH MICHELLE QUAH S, INGAPORE'S manufacturing sector will need to start
      BLOOMBERG; Source: World Trade Organisation, international trade statictics; Source: OECD, Eurostat  -  693 words
  • Page 11 Advertisements
    • 3 11 The business times
      3 words
    • 634 11 Deutsche Bank \z\ DEUTSCHE BANK AG, LONDON BRANCH (Incorporated under the laws of the Federal Republic of Germany) NOTICE TO WARRANTHOLDERS To (1) ALL HOLDERS OF EUROPEAN STYLE CASH SETTLED CALL WARRANTS RELATING TO THE ORDINARY SHARES OF SINGAPORE PRESS HOLDINGS LIMITED ISSUED BY DEUTSCHE BANK AG, LONDON BRANCH (SPH
      634 words

  • ECONOMY WATCH
    • 533 12  -  2.1% production growth in Jan and strong rise in retail sales cheer markets By ANTHONY ROWLEY in Tokyo STRONGER than expected rises in Japan's industrial production and retail sales in January has raised hopes the nation's economy may climb quite quickly out of its
      533 words
    • 399 12 Consumer spending is unchanged at US$8.473t Reuters Bloomberg AP [WASHINGTON] Personal incomes in the US that had been bolstered by a large stock dividend payment in December plunged 2.3 per cent in January, the sharpest decline in more than a decade. Consumer
      Reuters; Bloomberg; AP  -  399 words
    • 449 12 Reuters [TOKYO] Bank of Japan governor Toshihiko Fukui yesterday warned financial markets against assuming that the central bank's ul-tra-loose monetary policy will last indefinitely. "In view of the flattening of the yield curve, including the long end, we must be on
      Reuters  -  449 words
    • 554 12 Heating oil supplies dwindle, as temperatures fall Reuters [SINGAPORE] Oil prices climbed for a sixth day yesterday, driven higher by cold weather in the United States and forecasts of low temperatures in the coming 10 days that would severely draw on already
      Reuters  -  554 words
    • 373 12 Bloomberg [HONG KONG] China should introduce a more flexible exchange rate for the country's currency, said a US Treasury official in Beijing yesterday. "This is in China's own interest," said Paul Speltz, the US Treasury's emissary to China, in an interview in Beijing.
      Bloomberg; BLOOMBERG  -  373 words
    • 278 12 Bloomberg [SHANGHAI] China's foreign exchange regulator reiterated a pledge to ease restrictions on capital flows as part of preparations to make the yuan fully convertible. China will let "foreign development organisations" sell yuan-denominated bonds, ease curbs on investment abroad by local companies and
      Bloomberg  -  278 words
    • 351 12 Reuters [PARIS] New French Finance Minister Thierry Breton, who made a name for himself rescuing troubled state-owned firms, will now have to apply his turnaround skills to a French economy desperate for robust growth and jobs. President Jacques Chirac appointed the mophaired former maths
      Reuters  -  351 words

  • MALAYSIA/INDONESIA
    • 691 13  -  INDONESIA INSIGHT All eyes are on Indonesia's courts, which must soon rule on a case pitting the rich versus the downtrodden SHOEB KAGDA Jakarta Correspondent IN a packed courtroom last week, well-connected businessman Adiguna Sutowo was finally charged with the murder of 25-year-old wait staff Yohannes
      691 words
    • 2237 13 VOl FS8M 128 -0.01 1198 Mi W- Cttm FTEC Resources a* -0.01 341 FurqwKia.Org. .0.33 -0.02 8290 A# M Realty 1.65 i«h 0 Gadang 1.42 unch 779 Abric 054 -0.01 575 Gamuda .540 unch 511 ACPmdutries 1.10 -0.04 4 GenerelCorp .0.49 unch 163 Advance Synergy 0.35
      2,237 words
    • 396 13  -  By S JAYASANKARAN in Kuala Lumpur MALAYSIA'S gross domestic product in real terms expanded 5.6 per cent in the fourth quarter of 2004, adding up to a respectable 7.1 per cent growth for the whole year, Bank Negara said yesterday. Except for construction which
      Source: Bloomberg  -  396 words
    • 309 13  -  By PAULINE NG in Kuala Lumpur MALAYSIA Airlines (MAS) said third-quarter profit fell to RM57.6 million (5524.6 million) despite a 24 per cent rise in revenue to RM3 billion because of an 88 per cent increase in fuel
      309 words
    • 326 13  -  By S JAYASANKARAN in Kuala Lumpur MALAYSIA'S Sime Darby yesterday confirmed speculation that it was about to take a hit when it announced provisions of RM324 million (Ssl39 million) in its second quarter ended December 2004. The provisions are for: uncollected debt now thought
      326 words
    • 331 13 Reuters [JAKARTA] Indonesia, seeking to cut costly fuel subsidies, said yesterday price increases in various domestic oil products would take effect on March 1 despite street protests against the measures. The announcement was made by economic ministers at a late night news conference.
      Reuters  -  331 words
  • Page 13 Advertisements

  • GREATER CHINA/INDIA
    • 908 14 Moves aimed at attracting global manufacturers now setting up plants in China AP Bloomberg Reuters [NEW DELHI] India plans to cut the corporate tax rate and increase spending on infrastructure in a bid to attract global manufacturers now setting up factories
      AP; Bloomberg; Reuters  -  908 words
    • 300 14 Affected industries include state-controlled railways, energy, telecoms, aviation AFP [BEIJING] China's National People's Congress (NPC), the country's parliament, is expected to review a first-ev-er anti-monopoly law when it meets later this week, state press reported yesterday. If passed, the anti-trust code
      AFP  -  300 words
    • 458 14 Reuters [SHANGHAI] Bank of Communications, in which HSBC owns a fifth, will stick to a plan to issue shares in Hong Kong and Shanghai despite talk it might scrap the domestic portion of its initial public offering (IPO), an official newspaper
      Reuters  -  458 words
    • NOTE BOOK
      • 111 14 Reuters [PUTRAJAYA] Malaysia yesterday moved to ease the burden of fuel subsidies on state finances, announcing a 6 per cent jump in the regulated price of diesel. Fuel subsidies, which ensure Malaysians enjoy some of the lowest fuel prices in the region, are burning
        Reuters  -  111 words
      • 155 14 Reuters [KUALA LUMPUR] Two deepwater oil blocks in the Sulawesi Sea east of Borneo island are within Malaysia's territory, contrary to Indonesia's claims, Malaysia's Prime Minister Abdullah Ahmad Badawi said yesterday. "Actually, the people at Petronas know that the area
        Reuters  -  155 words
      • 96 14 AFP [BEIJING] Chinese enterprises raised a total of 151.1 billion yuan (5529.7 billion) on stock markets at home and overseas in 2004, a rise of 11 per cent from the year before, state media said yesterday. This included 67.5 billion
        AFP  -  96 words
      • 108 14 Bloomberg [HONG KONG] CLP Holdings, the bigger of Hong Kong's two power utilities, said 2004 profit rose 12 per cent. Net income increased to HK$B.6l billion (Ssl.B billion), or HK$3.5B a share, from HK57.69 billion, or HK$3.l9, the company said yesterday.
        Bloomberg  -  108 words
      • 72 14 Reuters [KUALA LUMPUR] Construction firm Malaysian Resources Corp Bhd (MRCB) yesterday said it plans to raise its stake in property firm UDA Holdings to 75.07 per cent from 24.93 per cent currently. "The terms and details of the said acquisition
        Reuters  -  72 words
      • 90 14 Bernama [KUALA LUMPUR] Commerce-Asset Holding Bhd (CAHB) reported a 12.1 per cent drop in its group pre-tax profit for the year-ended Dec 31,2004 to RM1.09 billion (*****.8 million) from RM1.24 billion in 2003. The decline is attributable to higher loan loss provisions arising from
        Bernama  -  90 words
      • 71 14 Bloomberg [HONGKONG] Hongkong Shanghai Hotels Ltd, owner of the luxury Peninsula chain, said it agreed to buy an additional 31.68 per cent stake in the Manila Peninsula Hotel for about 314 million pesos (559.3 million) in cash and shares, becoming the
        Bloomberg  -  71 words
      • 53 14 Bloomberg [BANGKOK] Electricity Generating, Thailand's second-largest publicly traded power producer, said profit last year fell 22 per cent as costs rose. Net income fell to 4.66 billion baht (*****.8 million), or 8.88 baht a share, from 5.99 billion baht, or 11.41 baht, a
        Bloomberg  -  53 words
    • 421 14 It will use India as bridge to link with Mid-East Europe AP {KUALA LUMPUR] South Korean petrochemical giant LG Chem plans to open two more factories in western India, making the South Asian country second only to China in
      AP  -  421 words

  • ASIA-PACIFIC
    • 494 15 Net income rose to US$11.84b as consumer borrowing increased Bloomberg [LONDON] HSBC Holdings yesterday reported a 35 per cent increase in annual profit, helped by an increase in consumer borrowing and income from trading currencies and fixed income. Net income at Europe's biggest bank by
      Bloomberg; PHOTOS: AFP, BLOOMBERG  -  494 words
    • 533 15 Reuters [SEOUL] South Korean private equity funds are gearing up to chase bigger deals as the buyout market expands following a loosening of government regulations. Fund managers say those who have around US$2 billion at their Command this year are looking
      Reuters  -  533 words
    • 340 15 Bloomberg [LONDON] Pearson Pic, the publisher of Penguin books and the Financial Times, reported a drop in secondhalf profit because advertising spending and paperback sales declined. Net income fell to £211 million (Ss66o million) from £215 million a year earlier, derived by subtracting first-half
      Bloomberg  -  340 words
    • 373 15 They slam company for bailing out affiliate Bloomberg [SEOUL] Minority shareholders in Korea's Samsung Electronics yesterday took the company to task over the issue of bailing out a poorly performing affiliate. For a second year. Samsung Electronics chief executive Yun Jong Yong
      Bloomberg  -  373 words
    • 316 15 Reuters [HONGKONG] Hang Seng Bank, HSBC's Hong Kong unit, said yesterday that its 2004 net profit rose 20 per cent, edging market estimates, as it recovered HK$Bl4 million (*****.7 million) worth of loans previously deemed irretrievable. But revenue from lending slumped 5
      Reuters  -  316 words
    • 454 15 Bloomberg [LONDONI Royal Dutch/Shell Group signed a contract to build a liquefied natural gas (LNG) plant in Qatar for as much as US$7 billion as it seeks to profit from surging global demand for the fuel. The plant will produce enough
      Bloomberg  -  454 words
    • 269 15 Bloomberg [LONDON] European buyout firm Apax Partners Worldwide agreed to buy a majority of Travelex pic for cash. The deal values the foreign exchange company at £1.06 billion (553.3 billion). Lloyd Dorfman, Tavelex's chairman and chief executive officer, will remain at the company
      Bloomberg  -  269 words

  • WORLD
    • 558 16 Federated and May will combine to create a giant with US$31b sales Bloomberg NYT [NEW YORK] Federated Department Stores, which owns Macy's and Bloomingdale's, has agreed to buy May Department Stores, which owns Lord Taylor and Marshall Field's, for about US$ll billion. The
      Bloomberg; NYT  -  558 words
    • 369 16 LAT-WP [LOS ANGELES] Walt Disney Co and Miramax Film Corp co-founders Bob and Harvey Weinstein are putting the finishing touches on the dissolution of their Hollywood marriage. After several weeks of intense negotiations, the two sides have reached agreement on the
      LAT-WP  -  369 words
    • 589 16 ANNUAL ACADEMY AWARDS Harvey Weinstein's trophy-grabbing studio loses out to Warner Bros AP Bloomberg [NEW YORK] On the eve of co-founder Harvey Weinstein's probable exit, Miramax Films was knocked out by Warner Bros at the Academy Awards a bitter swansong for the man
      AP; Bloomberg  -  589 words
    • 317 16 Reuters [LOS ANGELES] The Oscars made Clint Eastwood's day, giving the former Dirty Harry star best director and best picture awards for his heart-breaking boxing drama Million Dollar Baby. In doing so, the Academy of Motion Picture Arts and Sciences dealt a body
      Reuters  -  317 words
    • 444 16 The competition to get the big names was intense NYT [LOS ANGELES] For a week, fashion designers who were holed up with racks of gowns in hotel suites around Beverly Hills have been wringing their hands because most of the celebrities
      NYT  -  444 words
    • WORLD WATCH
      • 92 16 Reuters [TOKYO] Daiwa Securities SMBC Co will sell its 8 per cent stake in Nippon Broadcasting System Inc (NBS) to Fuji Television Network Inc, giving its backing to a tender offer bid by Fuji. Daiwa's planned sale of the stake worth
        Reuters  -  92 words
      • 71 16 Reuters [LONDON] European hedge fund assets jumped by 50 per cent last year, despite expectations that lacklustre returns would slow the flow of money going into the industry, a survey by trade publication Euro Hedge showed. At end-December 2004, European hedge funds controlled US$256
        Reuters  -  71 words
      • 86 16 Bloomberg [LONDON] Wembley Pic, a UK owner of dog tracks, agreed to sell its UK gaming business to a company formed by Luke Johnson's Risk Capital Partners for £50.3 million (Ssl 57.4 million) as it winds up the business. The sale is due to
        Bloomberg  -  86 words
      • 64 16 Reuters [TOKYO] Japan's Sumitomo Mitsui Financial Group (SMFG) said yesterday it now expects to post a 240 billion yen (553.7 billion) annual group net loss, reversing its previous profit forecast after an unexpected rise in bad loan costs. The country's third-biggest bank had previously
        Reuters  -  64 words
      • 81 16 Reuters [SEOUL] South Korea unveiled yesterday a series of measures intended to shore up the country's cash-strapped small business sector, including supplying US$9.9 billion in credit guarantee over the next three years. Finance Minister Lee Hun-jai told a meeting with a group of
        Reuters  -  81 words
      • 67 16 Reuters [NEW YORK] America Online (AOL) yesterday said it plans to enable users of its instant messaging service to see when friends and business associates are onbne, even if they're not on the contact list. The company plans to let users connect its AIM
        Reuters  -  67 words
      • 71 16 Bloomberg [MANILA] Citigroup won Philippine regulatory approval to buy Insular Savings Bank, a thrift lender, central bank deputy governor Alberto Reyes said. Citigroup plans to buy the bank and run it as a separate retail unit, he said. Citigroup and Manila-based Insular Bank's
        Bloomberg  -  71 words

  • AVIATION
    • 729 17 It says bid too low; claims its shares are worth at least 28% more Bloomberq [MELBOURNE] Virgin Blue Holdings Ltd, Australia's second-largest airline, rejected Patrick Corp's Asl.l billion (Ssl.4 billion) takeover bid as too low, saying its shares are worth at least 28
      Bloomberq; FILE PHOTO  -  729 words
    • 223 17 Robust demand could expedite listing plans of other airlines Reuters [MUMBAI] The initial public share offer of India's biggest domestic airline, Jet Airways (India) Ltd, has been priced at 1,100 rupees per share, raising 19 billion rupees (*****.7 million), a banking source said
      Reuters  -  223 words
    • 264 17 Xinhua [BEIJING] China's first private airline, Okay Airways Company Ltd, set up its hub at Binhai International Airport in north China's port city, Tianjin, and will make its maiden flight on March 5, said an official with the company. The airline
      Xinhua  -  264 words
    • LOG BOOK
      • 108 17 AP [PARIS] India's Kingfisher Airlines has ordered three A 319 passenger jets to add to its existing Airbus fleet, the European aircraft maker said last week. Kingfisher, a new low-cost carrier that begins flights in May, placed firm orders for three of the 124-seater
        AP  -  108 words
      • 71 17 Reuters [HELSINKI] Flynordic, the low-cost arm of Finland's national carrier Finnair, has signed a cooperation deal with Danish-based Sterling to offer customers the destinations of both airlines, Finnair said last week. The companies will share 11 destinations flying mainly from Stockholm and Copenhagen. Sterling, owned
        Reuters  -  71 words
    • 412 17 International Herald Tribune A SMALL crack, caused when a China Airlines tail struck a runway on takeoff from Hong Kong 22 years earlier, probably caused a Boeing 747 to break up in midair and kill 225 people, aviation investigators in Taiwan said on Friday. The crack
      International Herald Tribune; AP  -  412 words
    • 1849 17 en m«r HA HUT «n> jgg *555*1 I I |X9770 2245 P—— MI566 1920 MI566 0915 ***** 2245 MM SQ407 0710 K356 1145 AF8088 2250 )CB55 1015 5Q408 1855 BA7382 2250 MMMrUf SQ141 1145 5Q142 0935 QW2 2250 S0143 1535 5Q146 1640 S0323 0645 2330 GA840
      1,849 words

  • SHIPPING
    • 502 18  -  Asian collaboration easier if country's brand not imposed, says IMC chairman By DONALD URQUHART [SINGAPORE] Singapore must shed the "provincial mindset" if it wants to be an established global maritime centre and an Asian leader, said IMC Pan Asia Alliance chairman Frederick Tsao. The
      ARTHUR LEE  -  502 words
    • PORT SHOTS
      • 88 18 Bloomberg [SHANGHAI] Shanghai Port Container Co, the publicly traded unit of China's biggest port, said 2004 earnings rose 16 per cent, as the nation's expanding foreign trade fuelled demand for cargo transport Net income increased to 1.16 billion yuan (Ss22B million), or 0.64
        Bloomberg  -  88 words
      • 106 18 AP [OSLO] Kvaerner ASA yesterday reported a sharp reduction in net losses during the fourth quarter after a major restructuring during 2004. The group, with holdings that include the Kvaerner Philadelphia Shipyard, reported a net loss of 112 million kroner (5526.7 million), or
        AP  -  106 words
    • 272 18 SGX *000 ss w- vei CH Offshore _...0J» -0.02 5465 Chuan Hup.... .0.73 -0.01 3816 Cosco Corporation 1.51 -0.01 3864 CWTOWrtbuUon 065 -0.01 37 EvaHldgi 1j06 0j01 61 freitfitUnlo. 0.08 -0.01 3395 Grand Banks Yacht 1.11 unch 108 JayaHoMna 1.06 unth 898 K1 Venture 017 unch 876 KappalCorp
      272 words
    • 400 18  -  Dubai Ports decides not to exercise option to veto deal By GEORGE JOSEPH [SINGAPORE] PSA International's recent bids for Hong Kong port assets are a done deal after a deadline for Dubai Ports International (DPI) to veto a part of the deal
      FILE PHOTO  -  400 words
    • 263 18 [SINGAPORE] SembCorp Marine yesterday announced two new building projects that will raise its total orderbook to $3 billion. SembCorp Marine said its subsidiary Sembawang Shipyard, in partnership with Dutch company Huisman Special Lifting Equipment, secured a US$l5O million contract from Malaysian
      263 words
    • 469 19 Oil traders expect disrupted aframax, panamax markets with coming rules Reuters [SINGAPORE] An impending global ban on single-hulled tankers carrying heavy-grade oil into port in April could alter fuel oil supply patterns in Asia and stoke freight prices, industry sources said on
      Reuters  -  469 words
    • 570 19 Cooperation among all involved parties urgently needed [SINGAPORE] NOL chief David Lim warned yesterday that freight rates are likely to go up even further as the shipping industry's costs increase because of congestion. He said congestion on the
      570 words
  • Page 18 Advertisements
    • 141 18 77^ Our Range Of Products On Display FRI9OG BWI2O Rl9O M-CAT A highly advanced telecommunications provides you with highly extensive satellite HDHH provider, ACeS brings you a state-of-the-art coverage all over Asia. ACeS offers you Innovative technology that specializes In cutting edge marine communication links on satellite communications. With a
      141 words
    • 27 18 ahaffi Share the good news with your investors ■> Releasing a financial statement? Call 1800 289 8822 or email noticesOsph.com.sg to book your advertisement in our newspapers now.
      27 words
    • 230 18 NOTICE TO TRADE FEEDER OPERATORS SOC SHIPMENTS REVISION IN FUEL ADDITIONAL (FA) EFFECTIVE 15 MARCH 2005 Arising from the regular review of bunker prices, the following feeder operators wish to inform the trade that the current Fuel Additional (FA) will be revised to the following levels for all inbound and
      230 words

  • Page 19 Advertisements
    • 138 19 i /si* ■*i %**<■ v' 1 v aREUTERS END OF THE LINE? [BREMERHAVEN, Germany] The cruise liner SSNorway is seen docked at the shipyard 'Lloyd Werft'in Bremerhaven on the German North Sea coast on Saturday. The vessel continues to be owned by Norwegian Cruise Lines, but it hasn't sailed since
      138 words
    • 680 19 STRAITS/NEW ZEALAND DISCUSSION AGREEMENT NOTICE TO TRADE BUSINESS PLAN 2005 FROM SOUTH EAST ASIA AND SOUTH ASIA TO NEW ZEALAND Member Lines of the Straits/New Zealand Discussion Agreement wish to remind the trade that the Rate Restoration of a minimum of US$2OO.OO per TEU will take effect on 1 April
      680 words

  • EDITORIAL & OPINION
    • 476 20 EDITORIAL INVESTORS' confidence is being shaken once again by reports of investigations into various companies. Just over the weekend, it was announced that recently-listed Linair Technologies' chief executive officer. Tommy Oh. has been asked by the Corrupt Practices Investigation Bureau to assist in investigations concerning a project
      476 words
    • 952 20  -  The US should use its resources to advance core interests, not to fulfill dangerous fantasies LEON HADAR Washington Correspondent IF you've been listening to the story-line composed by American officials promoting the Bush administration's foreign policy, you might have concluded that two recent international developments are
      AFP  -  952 words
    • 809 20  -  THE BOTTOM LINE DAVID MASON THE traditional rural pastime of hunting with hounds in England and Wales came to an end recently. The Hunting Act 2004 has made it illegal to use more than two dogs to pursue a variety of animals
      809 words
    • 1575 21  -  The SEC allows executives to set up pre-arranged trading plans for their shares in advance SERENA NG TWO top executives of prominent Singapore companies were last month charged with insider trading events that would make any local company director think twice the next
      BLOOMBERG, AFP  -  1,575 words
    • 519 21  -  LETTER TO THE EDITOR Karen Tan (Ms) Director, corporate communications, for permanent secretary Ministry of Health IN "Suggestions for MediShield" (BT. Feb 23). Mr Leong Sze Hian continued to argue for those who had opted out of MediShield to rejoin the scheme without underwriting. He felt
      519 words
    • 771 21  -  By MICHAEL LEWIS Bloomberg INTELLIGENT men have long sensed that the wise course in the face of female fury is to hide until it passes. The tendency to duck and cover isn't a form of respect. It's a form of condescension: Hold your
      Bloomberg  -  771 words

  • Page 21 Miscellaneous
    • 194 21 CRYPTIC CROSSWORD DOWN 1 Make no move to offer set 14 Egghead left with gifts from YESTERDAY'S SOLUTION support (4,3) fair (9) Across: 1 Tiresome, 5 Gradin, 9 2 Apropos of a lad's motives (7) 16 Stairs to the loft? Excellent! Red alert, 10 Accost, 12 Coastline, 3 A bore,
      194 words

  • 11268 22 STRAITS TIMES INDEX STOCKS StodiMMM rn Oo»e Change Sloct—■» Wt do— Oiii|i Allgreen 50c 0.30 1.110 >0020 NOL 2.46 3.600 BIL Intl US20c 0.49 1.110 OCBC 9.68 13.600 -0.100 CaprtaLand 1.59 2 480 -0.060 Parkway H 25c 0.75 1.680 *0.010 Chart SemiCond 26c 080 1.100 -0.020 People's Food
    11,268 words

  • 5875 23 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES tatottiorr kU Utt dy %fr dy *yr «ty %y» Nta lnd«« Qmhb* Ch«og» Ch«ng« Ow»9« Chang* Wcrld Index Ptetinwwy 864.6 0 7 14 0-8 04 0J 04 tEAftPwfanwary 799.6 0.9 35 1.0 15 10 15 Europe PnHtnitwry ***** IjO 4.6 1.1 25 1.0
    5,875 words

  • Page 24 Advertisements
    • 1479 24 IWIIIWIIHII i» I" 111 II Illi 111 lIIIHIIIIII 111 111 jNM»MMRMIIWWIMii« I'lll' MiiWMMnNMIWMIWMRMWRWWMRMR«MWMWRHWWMMRWIWMRMMi^^ IMPORT NORTH AMERICA AUSTRALIA/NEW ZEALAND I [SUPER SHUTTLE EXPRESS (88X) ~"1 [jMJfrTIVJJA AWL FTTtTTTtI WSfS VOY pkg ■r j 1 p—""I VESSEL VOY INE SYD MEL ADL FIE SIN PKG OOCI ROTTERDAM 09W04 14/02 06/03 00/03 -2==
      1,479 words
    • 866 24 KO IO wkwcb ygsa/vor io»om hbghtow kg rot \a sm jkt sium vonutt os/os is 04/03 07/03 SIM/15 VWIURE 04/05 IS 3.2 12/03 15/03 STtAJTS VEWTUtf 07A)S IS 3.2 73/03 24/03 31/03 03/04 OVM I wtr IBJmmE fKmo tv* WWI VISSB/VOY RWffT) HDOHT(M) TOR Kg KHH MK. Sg WG HCH
      866 words

  • Page 25 Advertisements
    • 824 25 MOL twAtw *orj3l? ssg. p rt For Schedules, BL Searches, and Container Tracking, visit on our Home Poge: www.moU»n.com t |g www.hombufipud.coni HAMBURG^^SUD ■mi savKi (ixrom <* 5 > 4«mn j» -Bft SMGAPOti MKUHf STMKT MUOUUK ADBJUK SWCtfOM HBMWI STPKT ■BJOUtK UfUM QUTWHtOS4S 04/P3 M/D3 14/B3 If AO 77/03 OUMHIOS7S
      824 words
    • 1232 25 vtssa voy sin pug KUO LUNG QOIm I 1 9/3 11/3 NEW DYKAMC 108 U j7} GOIDEH GATE MH 15/3 \i/2_Jl/2 -jf^~ GQlDfll THADE WW I 27/3 I 71/3 25/3 NEW DTMAMK OI2A 17/3 19/3 *VSI tofcn boiti North t West por VESSEL VOYTPKG SHI HKG ShA UP HSK VSE^^*|WYTN
      1,232 words
    • 811 25 w WEEKLY EXPRESS SAILING SCHEDULE I ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICD POINTS I lyissa 1 VOT |sw |pmN6|coioio|itswv> Icoummo I I II I I I 1 I ALSO ACCPTMG FQ TO COWL TUTKOHN (Vl* COLOMO) MB UNBU I 60*1 (VU N SUVA) OMNKtMC MOTHB vas TO BIOK
      811 words

  • Page 26 Advertisements
    • 732 26 ufillf WALLENIUS WILHELMSEN website: http://www.2wglobal.com VKSE IVOT LK MAO HOW MtA SAY OAI Of HTC «W MOO TJUKO tfSOS 4201 ms MM I 01/03 20/03 05/04 U/0« 13/04 17/04 IS/04 1»/04 00/04 TAUSMAN AfSO* 3201 m IMM I IS/03 17/04 21/04 2S/04 24/04 27/04 TAtOMGA lAISO7I AIS07 |32Q1M» 4.25 M
      732 words
    • 611 26 vtssa yor sm mi _msa m an m PACBANDA ***** 02/03 03/03 BMP, -gf ~m/M" S/S PACBANDA 141BN >4/03 04/03 JKJIU iUft M/U 88/BJ PACBANDA 1419W 05/03 04/03 I MC lANDA M2ON |^HHHyn7nlCTr^ PACBANDA 1421N 00/03 00/03 VISUI VQY <>m DJI PACBANDA —Him- 00/03 10/03— JggOU Jg fftg PACBANDA 14HW
      611 words
    • 546 26 BSA x MYANMA BB FIVE STAR UNE (Myomar NatiMol Um) [nil ftr Yaagoa vissa vor sin piu. km pgu PAGAN 341W HPA-Ml MOW SU) IN MALAYSIA: BOUSTIAD SHIPPING AGCNCIIS KUI/PKL 03-300 SOU PIN: 04-*****15 Afammm ACCEPTIie COiVEITIOiAI C6O HKG SM HKG SM PGU PU UK PKMOSS SBKO 1 SU) SU
      546 words

  • THE BUSINESS TIMES SHIPPING TIMES
    • 5651 27 FIA ETA RfrirHMr VmmI »oyy T «N** e [J* P* f| 222r To ABIDJAN (ABJ) 2003 Cote Ctvoire To HAIFA (HFA) 2146 Israel 08X13 12AM China Shpg DU8AI WORLD 2043V* *****898 08X13 20*03 OwwVpg ZIM USA 028W *****898 ***** 17M CMACGM CSQ FELIXSTOWE SX115W
      5,651 words
  • Page 27 Advertisements
    • 92 27 One-Stop Shipping Services Ship Registrations Ship Classifications Radio Accounting Tuvalu, Mongolia, Panama, Quality, Safety, Security ServlCSS Belize and many other flags Surveys and Consultants Accounting Authority RSO6 f Advantages Most competitive fees low taxes 24-hour efficient service, 365 days a year Worldwide network of surveyors No restriction on nationality of
      92 words

  • PROPERTY
    • 278 28 Planned fund aiming to invest in global infrastructure Reuters [SINGAPORE] Macquarie Baßk Ltd, Australia's largest investment bank, plans to launch a fund in Singapore this year to raise at least US$5OO million for global infrastructure investment. a source close to the
      Reuters; REUTERS  -  278 words
    • 461 28 Reuters [BANGKOK] Land and Houses (LH), Thailand's largest housing firm, reported a 29 per cent fall in fourth quarter profits yesterday, hit by weak consumer confidence and stiff competition. Analysts said they expected LH, a stock seen as a proxy for consumer
      Reuters  -  461 words
    • 826 29  -  Indon entity expects to launch Newton project in a year's time By KALPANA RASHIWALA THE Lippo Group, controlled by the Riady family of Indonesia, is stepping up its presence in the Singapore property market. It recently signed a deal to buy the freehold Newton
      FILE PHOTO  -  826 words
    • 254 29 Bloomberg [HONG KONG] Hongkong Land Holdings Ltd, the biggest landlord in the city's financial hub, said profit last year rose 13 per cent, bolstered by apartment sales in Hong Kong and Beijing. Profit excluding property revaluations at the Hong Kong-based developer rose to US$l97
      Bloomberg; AFP  -  254 words
    • 785 30  -  Only industrial-use average lowered; highest gains from non-landed homes By KALPANA RASHIWALA THE Singapore government has revised upwards from today the average development charge (DC) rates payable for enhancing a site's use for most major property-use groups except industrial. The increases were biggest and
      785 words
    • 400 30  -  By ANDREA TAN DEVELOPERS were encouraged by the response to property releases over the weekend which marked the onset of the selling seasons after Chinese New Year. Centrepoint Properties sold close to 20 units at its 8 Mount Sophia condo at an average
      FILE PHOTOS  -  400 words
    • 492 30  -  By ANDREA TAN DBS Asset Management (DBSAM) hopes to raise $100-150 million in one to two years, including an initial $15-20 million for its first global property fund. DBSAM will launch the DBS Global Property Securities Fund today to tap growing demand for real estate
      Source: D&S  -  492 words
  • Page 28 Advertisements
    • 1564 28 SECOND CHANCE PROPERTIES LTD (Incorporated in the Republic of Singapore) (Company Registration No. *****3193 M) NOTICE OF EXTRAORDINARY GENERAL MEETINO NOTICE IS HEREBY GIVEN that an Extraordmary General Meeting of the members of SECOND CHANCE PROPERTIES LTD (Company) will be held on 24 March 2005 at 3.30 pm, at Lion
      1,564 words
    • 102 28 Catutl Praneh Dining French set lunch 2 Course $16.90+ 3 Course $19.90+ Add $1 for coffee/tea French set dinner 3 Course $38.90+ U-ridusive at juices+coffee oi" tea) 66 Tanjong Pagar Road Tel: 6223 4^48 flavours of India North Indian cuisine com?* to Marina Bistro! enjoy a full menu. including tandoor
      102 words
    • 38 28 MERITUS MANDARIN SINGAPORE (gourmet's Q^€eapen 6831 6258 88 MERITUS 41 "mandarin" s? •;V*«V k VTSODiS A division of Overseas Union Enterprise Limited (Company Registration N0.*****0050E) 333 Orchard Road, Singapore *****7. Tel: +65 6737 4411. Fax: +65 6732 2361.
      38 words

  • Page 29 Advertisements
    • 917 29 Extracting Value from Commercial Properties: The Way forward for Real Estate in Singapore The focus for most companies in this rapidly changing business environment is extracting value from their assets. Real estate is no exception. Properties now have to justify their economic value and extracting intrinsic value from older properties
      917 words

  • Page 30 Advertisements
    • 108 30 OFFICE SPACE AT THE HEEREN 260 ORCHARD ROAD From 700 to 4,100 sq ft Bare units available Column free layout Raised flooring 5 mins. walk to Orchard Somerset MRT Magdalen* 6839 7222 Jelena 6839 7223 Swh Cheng Management Pte Ltd (■■■FPIHA 4 Robinson Road, opposite PjBMB Republic Plaza II k
      108 words
    • 104 30 I; lllffjf liCiiii!' V 1 TBPT If I 5-storey business park 11 development —1 r m Tenure 30+30 years ffml I wef 1/7/1992 y g I Site Area 54,335 sq ft approx. 11 Gross Floor Area 50,218 sq ft I approx. I Close proximity to Jurong East I MRT Station
      104 words