The Business Times, 11 March 2005

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Total Pages: 32
1 32 The Business Times
  • 16 1 THE BUSINESS TIMES SINGAPORE 85cemT "6mine at http://business-times.asia 1 xom.sg MICA (P) 089/03/2005 Friday, March 11,2005
    16 words
  • 750 1  -  BT exclusive New CEO tells BT why SingPost grabs ACCS deal By JOYCE KOH [SINGAPORE] Singapore Post (Sing Post) boss Lau Boon Tuan revealed yesterday what the company hopes to get out of its proposed tie-up with mobile phone services provider Accord Customer Care Solutions
    750 words
  • 130 1 sn 2,***** (-14.09) ST INDEX RJIURES 2.165.00 (-10.00) siMsa ***** (-1.57) SIMSa FUTURES 256.60 (-1.70) PRIME RATES SINGAPORE 5.25 MALAYSIA 6.00 HONGKONG 5.00 INDONESIA 39.00 TAIWAN 6.405 JAPAN 1.375 KOREA 933 BRITAIN 4.75 US 5.50 CANADA 4.25 SWITZERLAND 2.61 INDIA 10.25 Source: Bloomberg MARKETS Thursday Chang* KLSECOMF *****
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  • 601 1  -  By JEAN CHUA [SINGAPORE! Hong Kong Chief Executive Tung Cheehwa confirmed yesterday what everyone else had been saying for two weeks by quitting the top job. And his successor faces the tricky task of growing the city's economy by latching on to China,
    REUTERS  -  601 words
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  • TOP STORIES
    • 568 2  -  Carrier hits out at authority's stance as protectionist By VEN SREENIVASAN [SINGAPORE] New regulations in Indonesia on lowcost carriers seem to be, what's delaying the entry to Singapore of budget airline Awair. The Civil Aviation Authority of Singapore (CAAS) yesterday
      568 words
    • 392 2  -  By JOYCE KOH [SINGAPORE] There were four deals brought to the consideration of Accord Customer Care Solutions (ACCS) and, when it came to the crunch, the proposal put forward by Singapore Post clinched the day in terms of paving the best
      392 words
    • 721 2  -  By ANTHONY ROWLEY in Tokyo JAPANESE financial officials scrambled yesterday to contain damage in the foreign exchange market after Prime Minister Junichiro Koizumi suggested that Japan should diversify its massive (mainly dollardenominated) foreign exchange reserves. The US assistant Treasury secretary
      REUTERS  -  721 words
    • 607 2 Manpower ministry declares war on workplace accidents THE private sector —from top management down to workers and suppliers—will have to play a bigger role in a radical move by government to reduce sharply accidents and deaths at the workplace. Announcing the change in the occupational safety and health
      607 words
    • 115 2 IN yesterday's report, "SPH emerges top S'pore corporate donor", we said a survey by the National Volunteer Philanthropy Centre (NVPC) showed that Singapore Press Holdings donated $8.1 million to charity in FY2004. Of the $8.1 million, $3.3 million was donated to charity, $986,000 was contributed to community, arts, culture
      115 words
    • 336 3  -  The three parties to buy 73 hotels from interContinental By CHUANG PECK MING [SINGAPORE] GIC Real Estate (GIC RE) has teamed up with Lehman Brothers Real Estate Partners and the Realstar Group to bfiy 73 hotels in Britain from the Intercontinental Hotel
      336 words
    • 779 3  -  By CHUANG PECK MING [SINGAPORE] The private sector from the boss d®wn to shop floor and suppliers will have to play a big role in a radical move by government to slash accidents and deaths in the workplace. Announcing the change in the occupational safety
      779 words
    • 477 3  -  By RONNIE LIM [SINGAPORE] BP Singapore was a significant contributor to the group's sterling US$l.99 billion trading profit last year, sources say. And they reckon continuing market volatility with oil prices threatening record U5555.67 will trigger more trading opportunities. As one of
      477 words
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  • Page 3 Advertisements
    • 230 3 Master of A Arts in Contemporary China j—| fc The first of its kind in Singapore and the region, the Master of Arts in Contemporary China (MACC) is an innovative and cross-disciplinary I coursework-based programme designed to provide an empirically-grounded and theoretically-informed understanding of contemporary China. The progamme will enable
      230 words
    • 487 3 SINGAPORE mfrmexcil rPffly fjflß- indian chamber ,r ]JvU{ \W OF COMMERCE PHARMACEUTICAL EXPORT PROMOTION COUNCIL jCflgUkgLk C? |Mn||eTOV OX MI—I lINUUb I MY Invitation To Meet Indian Pharma Delegation In Singapore High Commission of India in Prolamine, collaboration with Singapore 14 March 2005 Indian Chamber of Commerce 0900 tos Registration
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  • Page 4 Advertisements
    • 449 4 THE j|| TENOR v APPROXIMATELY 5 YEARS TOTAL AMOUNT OFFERED 500 2,300,000,000 MINIMUM DENOMINATION SCD 1,000 I MAS' INTENDED TENDER AMOUNT SGD 400,000,000 (NON-COMPETITIVE) ISSUE CODE N*****0F I 1 ISIN CODE 5G********** I I ISSUE DATE/SETTLEMENT DATE 1 APRIL 2005 lA' V I MATURITY DATE 1 APRIL 2010 I COUPON
      449 words
    • 799 4 LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. *****2094H) Registered Office: 190 MacPherson Road #07-08, Wisma Gulab, Singapore *****8 NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of RSH Limited (the "Company") will be held at 190 MacPherson Road #09-00, VICs Club.
      799 words
  • COMPANY NEWS
    • 588 4  -  But Hong Kong is likely to be affected as it tends to draw larger enterprises Reports by WONG WEI KONG MOVES by US and London exchanges to attract more Chinese listings are unlikely to have much of an effect
      588 words
    • 60 4 THE c&ntinuftd suspension of Cttiraya shares is not year following revelations that the company was being Investigated by the Comipt Practices Investigation Busortium led by businessman Hwee and cent of Citiraya's enlarged appointed to advise investajjSie tennsdS|ln>posal. "The proposed tnv eHnt by Mr KflKon Hwqe and
      60 words
    • 592 4  -  HOCK LOCK SIEW By R SIVANITHY EVEN while investigations are continuing, there appears to be some controversy over how best to deal with the spate of recent corporate scandals involving companies such as Citiraya, Accord Customer Care Solutions, Greatronics and Linair and. of
      592 words
    • 442 7  - Oil gas firm Pearl Energy seeks listing Its preliminary prospectus already lodged with MAS By RONNIE LIM CAPITALISING on high oil prices and robust regional energy demand, Singaporebased oil and gas company Pearl Energy is planning a mainboard listing, and has lodged its preliminary prospectus with the Monetary Authority of
      442 words
    • COMPANY BRIEFS
      • 105 7 SAYING it was hit by lower revenue, rising raw material costs and lower contributions from other income, Datapulse Technology yesterday posted a 72.2 per cent plunge in first-half net earnings from $9.3 million to $2.6 million. The solution provider of CD and DVD services said
        105 words
      • 57 7 LINKS Island Holdings has proposed to change its name to Manhattan Resources. It said the new name would better reflect its expansion of business operations to include coal mining-related business as well as its parentage. Manhattan Investments Pte Ltd has a stake of
        57 words
      • 41 7 PSC Corp has appointed Tan Kong King as a non-executive and non-independent director of the company from yesterday. Mr Tan, 54, is group managing director of mainboard-listed QAF. The latter is a substantial shareholder of PSC.
        41 words
      • 62 7 FRONTLINE Technologies said its associate company Ecquaria Technologies, a provider of enterprise infrastructure and solutions, signed a $4.7 million contract with Brunei's Ministry Of Communications to build an integrated service portal for the ministry. Ecquaria is part of a group commissioned to help design and
        62 words
      • 73 7 VITA Holdings said that Green River Marine Shipping, a wholly owned subsidiary, entered into a memorandum of agreement on March 9 with De Run Shipping Corp to sell MV Green River for US$l.67 million. The net book value of the vessel oij
        73 words
    • 489 7  -  Flagship company shares are good value at current price, he says By VEN SREENIVASAN IN a move which further tightens his grip on his flagship company as he looks to more deals across the region, entrepreneur Simon Cheong has increased his stake in
      489 words
    • 191 9  -  By AMIT ROY CHOUDHURY MAINBOARD-LISTED Datacraft's Indian subsidiary has been selected by Jabil Circuit Inc, a New York Stock Exchange-listed global electronic services provider, to develop the entire network infrastructure for its new manufacturing facility in India. Florida-based Jabil is an electronic solutions company
      191 words
    • 425 9 It pays 2.77b rupees for the stake to capitalise on the country's growth prospects Bloomberg SINGAPORE investment company Temasek Holdings has bought a 25 per cent stake in Pakistan's NDLC-IFIC Bank Ltd, its second investment in an overseas financial company in the past week.
      Bloomberg  -  425 words
    • 139 9  -  By SAMUEL EE A DBS Bank black card holder drove off in a red Ferrari 360 Modena yesterday and he didn't have to charge it to his credit card. Mr Yu Kun (pictured with his wife and DBS head of consumer banking Edmund
      ARTHUR LEE  -  139 words
    • 203 9  -  By DALENA LEE MULTIVISION Intelligent Surveillance has struck a HK$5O million (5510.4 million) deal to acquire an indirect 24 per cent stake in a company involved in China's smart identification card project. Under an agreement sealed on Tuesday, Multi Vision's fully owned Hong Kong
      203 words
    • 4292 9 UNIT TRUSTS FUNDS UP gm 5 on 1.*****/ UPG'teed7.Q/2 1.*****/ UP G'Wd fund 5.00 1.071/ MM «M« AMM Mgt ts pore) UP GttwJ Find 7.00 1.*****1 Star Europe Eqlyf 0.82« Upswing Fuid 5.&1 0.8622/ Sar Europe Bond .264/ (jpsvang Fund 7.QTI 0.*****/ sat Europe W 1.151/ uPSWwG FUND 5 0/2/90%
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  • Page 5 Advertisements
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  • Page 7 Advertisements
    • 139 7 ■■rcPtfPPIH CaO toll-free 1800 289 8822 YEW LEE PLASTICS PTE LTD (IN CREDITORS' VOLUNTARY LIQUIDATION) COMPANY REGISTRATION NO. *****9057 M (Incorporated in the Republic of Singapore) NOTICE TO CREDITORS NOTICE IS HEREBY GIVEN THAT the creditors of the above Company which is being wound up voluntarily, are required on or
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  • SINGAPORE MARKETS
    • 531 8  -  STOCKS Liquidity dries up as higher oil prices stoke US interest rate fears in a day dominated by momentum players R SIVANITHY Senior Correspondent IF CRUDE oil prices shoot up and the US dollar slides lower, what will stock prices do? From the look
      Source: Bloomberg  -  531 words
    • Article, Illustration
      930 8  -  Compiled by JOYCE KOH First Engineering March 10 doMt $1.26 (+1 cant) INF MRMAS PEREGRINE, March 9 WE are revising our 2005 EPS forecast downwards to reflect printer and automotive segments. OUTPERFORM rating maintained. Printer program delays affect FY2005: There has been a slowdown in the printer segment
      Source: Bloomberg  -  930 words
    • 523 8  -  CURRENCIES LARRY WEE Senior Correspondent THE US dollar continued to suffer badly yesterday on fears of a horrid January US trade deficit number later tonight, but some are hoping that a pleasant surprise there could buy it something of a breather at least. Beyond
      Source: Reuters  -  523 words
    • TRADES TO WATCH
      • 162 8 SLOWLY but steadily, the Wee family has been building up its stake in Haw Par Corp. In the latest reported purchase, Wee Investments bought 67,000 shares at about $5.30 each in the healthcare and leisure group, raising its stake to 17.31 per cent
        162 words
      • 59 8 LOCAL boutique fund managers Chartered Asset Management has bought more shares in electronics firm CSE Global in the open market on Tuesday. Chartered's stake is now up from 6.18 per cent or 20.08 million shares to 6.33 per cent or 20.56 million shares. CSE's stock
        59 words
      • 52 8 CEREAL maker Viz Branz's director Ben Chng on Wednesday bought 50,000 shares at 12.5 cents each. This brings his direct interest in the company to 25.23 per cent or 35.11 million shares. Viz Branz shares were not traded yesterday and were last done at
        52 words
      • 106 8 CHINA Sun Biochem yesterday disclosed that Singapore investment company Temasek Holdings is deemed to have an interest in 7.58 per cent or 56.38 million shares in the company. The stake is held through Seletar Investments, Aranda Investments and DBS Holdings via DBS
        106 words
      • 45 8 RICHARD Hale, an independent director of The Ascott Group on Wednesday sold 50,000 Ascott shares at 50.5 cents each, reducing his holding to 100,000 shares. This was an open market sale. Ascott yesterday added half a cent at 51 cents.
        45 words
      • 50 8  -  Compiled by R SIVANITHY MIDAS Holdings' chairman Chen Wei Ping yesterday bought 400,000 shares at 29 cents each from the open market, raising his stake to 37.77 per cent or 288.9 million shares, up from 37.72 per cent. Midas finished unchangpd at 29 cents.
        50 words
    • Article, Illustration
      428 8 OTHER SINGAPORE INDICES Mar10 VALUE CLOSE BT OB/OS -283.00 -113.00 BTCAPI -*****.00 -90.00 BT 10-day MA -*****.00 -28.00 All-SG Equities 561.74 -2.25 SG Equities Elect 142.73 -0.57 SG Equities Fin 1627.21 -13.07 SG Equities Prop 561.68 -3.86 S1MSCI 257.24 -1.57 SiMSCI Futures 256.60 -1.70 Clob MOST ACTIVE STOCKS VOLUME *e
      428 words

  • Page 9 Advertisements
    • 211 9 AT FREIGHT WAREHOUSE NEAR CHANGI AIRPORT SHORT NOTICE PUBLIC AUCTION LIQUIDATION OF HIGH VALUE AIR CARQO CANCELLED EXPORT ORDER STOPPED IN TRANSIT instructed for immediate Auction Disposal Guaranteed Genuine Authentic Handmade FINE PERSIAN EASTERN RUGS RUNNERS CARPETS Connoisseur 6 Decorative Items of highest Exhibition calibre exclusively selected for S.E. Asia
      211 words

  • SINGAPORE NEWS
    • 651 10  -  Developer sought URA input on plans for housing project in prime CBD area By KALPANA RASHIWALA CITY Developments may be considering redeveloping the former Robina House at 1 Shenton Way into a residential project that would help rejuvenate the existing Central Business
      ARTHUR LEE  -  651 words
    • 173 10 SINGAPORE Press Holdings the nation's top corporate donor, according to a survey by the National Volunteer and Philanthropy Centre (NPVC) said yesterday it raised and donated more than $15 million in FY2004. The media company donated $3.3 million to charity, contributed $986,000
      173 words
    • 484 10  -  By CHEN HUIFEN THE private healthcare scene here now has a new kid on the block in the form of Excellence Healthcare, a 22,000 sq ft medical clinic costing more than $10 million to build. Set up by "a group of
      484 words
    • 364 10  -  By CAROLYN QUEK ASIA could potentially lose up to US$3 billion in tourism receipts this year because of the tsunami disaster, said a senior executive at Visa International Asia Pacific. Mr Paul Dowling, who is senior vice-president and general manager of corporate communications for
      364 words
    • 476 10  -  YESTERDAY IN PARLIAMENT But employers will have to pay much higher levy By CHUANG PECK MING RULES will be eased to allow desperate employers in the manufacturing and services sectors to hire more foreign workers, but the greater flexibility comes at a price
      476 words
    • 326 10  -  By DANIEL BUENAS ACTING Minister for Community Development, Youth and Sports (MCYS) Vivian Balakrishnan yesterday appealed to businessmen to help "fledgling" social enterprises. Speaking during the parliamentary Budget debate, Mr Balakrishnan said Singapore needs to encourage the people sector to look beyond just donations
      326 words
    • 407 10  -  By LIZA LIN INDUSTRY experts welcomed the new occupational safety and health (OSH) framework released by the Ministry of Manpower (MOM) yesterday, adding that higher productivity, higher employee morale and lower costs in the long run would offset any costs of implementation. MOM unveiled a
      407 words
  • Page 10 Advertisements
    • 155 10 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 drect investment Our pioneering spirit, professionalism and
      155 words

  • ECONOMY WATCH
    • 512 11 Ringgit peg, fixed at 3.80 to the dollar since 1998, to stay: Rafidah AFP [KUALA LUMPUR] Foreign investment in Malaysia's manufacturing sector slowed in 2004 but domestic investment took up the slack, hitting its highest level in six years, Trade Minister Rafidah
      AFP  -  512 words
    • 754 11 [WASHINGTON] The US economy will probably expand at a faster rate in the first quarter than previously estimated because of higher company spending on plant and equipment, a Bloomberg News survey of economists found. The economy is projected to expand at
      AFP  -  754 words
    • 486 11 LATEST US DATA Reuters, AP [WASHINGTON] Inventories at US wholesalers rose a larger-than-expected 1.1 per cent in January, led by gains in automobiles and parts and other durable goods, as sales grew at a slower pace, the Commerce Department said yesterday. Wall Street
      Reuters,; AP  -  486 words
    • 375 11 Reuters [WASHINGTON] The US economy expanded at a moderate pace in late January and February with little inflation, although businesses in some areas were finding it easier to raise prices, the Federal Reserve said on Wednesday. "The economy has continued to expand at a
      Reuters  -  375 words
    • 414 11 Bloomberg [BERLIN] China risks a protectionist "backlash" against its textiles unless the world's most populous country contains its exports to world markets, said European Trade Commissioner Peter Mandelson. The European Union and US have threatened to impose new barriers to their markets
      Bloomberg; REUTERS  -  414 words
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  • MALAYSIA/INDONESIA
    • 580 12  -  The question is how much, as the M'sian pension fund seeks overseas yields By PAULINE NG in Kuala Lumpur THE Singapore stock market is certain to be a beneficiary of plans by the Malaysian state pension fund to invest RMI.9 billion (SsBlo million)
      580 words
    • 316 12 AFP [KUALA LUMPUR] Malaysian Trade Minister Rafidah Azis yesterday ruled out the need to merge national carmakers Proton and Perodua to boost their competitiveness, saying a tie-up was not beneficial now as they compete for different markets. However, the government did not rule out
      AFP  -  316 words
    • 366 12 AP [KUALA LUMPUR] Malaysian businesses are suffering from a severe shortage of cheap foreign labour following an exodus of illegal workers mostly Indonesians in an amnesty programme, the New Straits Times reported yesterday. The government plans to let employers hire workers
      AP  -  366 words
    • 622 12  -  By SHOEB KAGDA in Jakarta EVEN as tensions between Indonesia and Malaysia over a territorial dispute have eased over the past two days, Indonesia's powerful military is unhappy over the government's decision to seek a diplomatic solution to the problem. Sources told BT that some
      AP  -  622 words
    • 2231 12 iShJMfrni f*m 'Ljigry^' r> |?gvy3j~£j .[,"TfWKE r>.t„ im-. Fur qJ^6f»-ll_.:-36is'"■" 331 G92 A 4 M Realty 1.55 unch 7 Gadang t, 132 unch 1350 Abhe 0.44 unch 46 Gamuda 1 5.10 -0.10 100& ACPInduanes -.1.10 unch GaneralCoqi 336 -0.01 54 Advance Synergy .0J5 unch 51 Genong
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  • Page 13 Advertisements
    • 238 13 Success in Motion 9 i m I gip '4 HH :^^wf 1 Jll fetl WHK^f^^ T r iMßßKara£«Mßß«Mnre^?gS** '-^wW ip* H|H^^^^^^|||^^|^^HHPrpv' r S^HMM I. r i |||r |HHHBSgB| —M^l tn i i *®*BS|^Bi« H ■KB Success has always been a moving experience. Luxurious interior with leather seats LED combination lamps
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  • GREATER CHINA/INDIA
    • 600 14 Acting chief exec was recently asked about his role in Cyberport project Reuters, AP, AFP, Bloomberg (HONG KONG] Hong Kong Chief Secretary Donald Tsang will be Acting Chief Executive after the resignation of Chief Executive Tung Chee-hwa, but his links with
      Reuters,; AP,; AFP,; Bloomberg; AP  -  600 words
    • 381 14 Bloomberg [HONG KONG] China International Capital Corp, the nation's largest investment bank, was hired to prepare China's biggest lender for what will probably be a record US$lO billion share sale, people familiar with the plan said. Industrial Commercial Bank of China
      Bloomberg  -  381 words
    • 164 14 AFP [HONG KONG] The head of the organisation that tried to launch an ill-fated property trust here has resigned citing personal reasons, the government said. Alfred Li Hungkwan, chief executive of The Link Reit, the world's largest real estate investment trust (Reit), quit
      AFP  -  164 words
    • 340 14 Reuters [NEW DELHI] The United States has reminded India about its concerns over Iran, as New Delhi prepares for talks on a US$4 billion pipeline to bring Iranian natural gas to South Asia, a newspaper reported yesterday. US ambassador to New Delhi David Mulford
      Reuters  -  340 words
    • NOTE BOOK
      • 47 14 Bloomberg [TAIPEI] Taiwan Premier Frank Hsieh said yesterday the government aims in June to sell 17 per cent of Chunghwa Telecom Co to help pay off a record budget deficit. The government stake has a market value of US$3.4 billion.—
        Bloomberg  -  47 words
      • 58 14 Reuters [KUALA LUMPUR] Singapore's DBS Bank and Kim Eng Securities are among the 13 financial institutions vying for five foreign broking operations in Malaysia, the Securities Commission (SC) announced yesterday. According to The Edge. other applicants include ÜBS. Macquarie Bank. Citigroup Smith
        Reuters  -  58 words
      • 68 14 Reuters [BANGALORE] Wipro Ltd has launched a Chinese subsidiary and aims to set up a technology centre later this year. A senior company official said on Wednesday •Wipro will serve clients with a China base in the first phase. According to Sudip Nandy, Wipro's chief strategy
        Reuters  -  68 words
      • 89 14 AFP [BEIJING] China will carry out reforms of its banking sector as scheduled despite recent scandals that threaten to shake confidence among the country's major lenders, Central Bank vice-governor Guo Shuqing was reported as saying by the Xinhua news agency yesterday. At least
        AFP  -  89 words
  • Page 14 Advertisements
    • 429 14 ANNOUNCEMENT OF THE CENTRAL JAKARTA COMMERCIAL/DISTRICT COURT OF THE BANKRUPTCY VERDICT UPON Mr. ALEX KOROMPIS Hereby it is announced to public that by virtue of the Verdict of the Central Jakarta Commercial/District/Human Right Court, Case Number 051/PAILIT/2004/PN. NIAGA.JKT.PST dated February 14,2005 in the disputes between PT. CHANDRA SAKTI UTAMA LEASING
      429 words
    • 282 14 IN THE MATTER OF THE COMPANIES ACT. CAP. 50 AND IN THE MATTER OF BUNGA BERSATU PRIVATE LIMITED (Company No: *****1706H In Members' Voluntary Winding Up) NOTICE OF FINAL MEETING NOTICE is hereby given that pursuant to Section 308 of the Companies Act. Cap. 50 the Final Meeting of Members
      282 words
    • 334 14 IN THE MATTER OF BULLETIN INTERNATIONAL PTE LTD (REG. NO. *****6736E) (IN MEMBERS' VOLUNTARY LIQUIDATION) NOTICE IS HEREBY GIVEN pursuant to Section 306 of the Companies Act, Cap. 50. that a Final General Meeting of the members of the abovementioned Company will be held at 10 Collyer Quay, #21-01 Ocean
      334 words
    • 358 14 IN THE HIGH COURT OF THE REPUBLIC OF SINGAPORE CompaniM Winding Up No 48/2005/ X In the Matter of the Companies Act, Chapter 50 And In the Matter of HABASCA INVESTMENTS PTE LTD (Registration No. *****1393Z) ADVERTISEMENT OF PET[TIQM Notice it hereby givan that a Petition for the Winding Up
      358 words
    • 437 14 IN THE MATTER OF THE COMPANIES ACT (CAP. 50,1994 Ed) AND IN THE MATTER OF THYSSEN HUNNEBECK SINGAPORE PTE LTD (In Members' Voluntary Liquidation) (Company Reg. No. *****1478Z) NOTICE OF RESOLUTION At an Extraordinary General Meeting of the members of the abovenamed Company duly convened and held at Rehhecke 80,
      437 words

  • Page 15 Advertisements
    • 456 15 's re! r ■:s*'- "V **?t bii v,i. *%-c *y*icr*2i #vp |1 1-1'!; v.-' ,f f C-- f Ik'-.t Blf |I P V; 1 f-,- .|#s. 6 > V-;>v>T V*"-** 1 iS. u§: i§fe t n I I I I H H Hi IH IH •V; f: -.r V;" „i
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  • ASIA-PACIFIC/WORLD
    • 912 16 Samsung's brand value now rivals Sony's as latter struggles with complacency NYT [TOKYO] In 1997, the year Howard Stringer joined Sony Corp, Japan's premium electronics company took little notice of Samsung Electronics Co, a South Korean television maker fighting a life-or-death battle to survive the
      NYT  -  912 words
    • 186 16 WP [WASHINGTON] The chairman of the Securities and Exchange Commission told a Senate committee on Wednesday that if it wants "rigorous" oversight of the credit-rating industry, Congress will have to enact legislation to give the federal regulator power to rein in the business.
      WP  -  186 words
    • 429 16  -  Trading most active in China, Hong Kong and India By NEIL BEHRMANN in London DRIVEN largely by the expansion of domestic bond markets, Asian fixedincome security trading volumes and investment have surged in the past few years. Greenwich Associates, US
      429 words
    • 372 16 Shares to be sold to four insurance companies: sources Bloomberg [TOKYO] Sumitomo Mitsui Financial Group (SMFG) will raise about 210 billion yen (553.28 billion) by the end of this month. The bank said it would sell preferred shares to institutional investors but
      Bloomberg; FILE PHOTO  -  372 words
    • 464 16 Bloomberg [NEW YORK] The first US options exchange to achieve a stock market listing had a roaring start when shares in the International Securities Exchange (ISE) rose 69 per cent in the first day of trading. The ISE's debut highlights how futures
      Bloomberg  -  464 words
    • 315 16 Group. Reuters. Bloomberg [TOKYO] French retailer Carrefour said on Wednesday it would exit Japan after just four years by agreeing to sell all eight of its floundering stores to Asia's top retailer, Aeon Co, for an undisclosed sum. The stores
      Group. — Reuters. Bloomberg  -  315 words
  • Page 16 Advertisements
    • 325 16 MiMmmmmn mfctsttpfcxaajg IN THE HIQH COURT OF THE REPUBLIC OF SINGAPORE Com panto* Winding Up No. 2 of 2006/Z In the Matter of the Companies Act, Cap 50 and In the Matter of NEO CORPORATION PTE LTD (In Liquidation) (Reg. No. *****0805E) NOTICE OF MEETING OF CONTRIBUTORIES Take notice that
      325 words

  • WORLD
    • 504 17 They want it to focus on core securities business to boost stock price NYT, Reuters [NEW YORK] When Philip J Purcell, the chief executive of Morgan Stanley, and other top executives of the firm gathered in a conference room at the Four Seasons
      NYT,; Reuters; BLOOMBERG  -  504 words
    • 292 17 NYT [NEW YORK] Four foreign banks that helped World Com sell bonds the year before it filed for bankruptcy agreed on Wednesday to pay US$42B million to settle with investors, bringing the payout in the case to U553.56 billion, a
      NYT  -  292 words
    • 391 17 Such a move would result in much lower profile for US [BRUSSELS/LONDON] The European Union (EU) has formally asked to be given more powers in the body that sets international accounting standards, a move that would go hand in hand with curbing US
      391 words
  • Page 17 Advertisements
    • 652 17 IN THE MATTER OF THE COMPANIES ACT, CAP. 50. [{SacHon 290(2)(b)] AND IN THE MATTER OF STAHL HOLDINGS PTE LTD (In Members' Voluntary Liquidation) Company Rag. No.: *****3388W NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the Company held at Sluisweg 10, 5145 PE Waalwiik, The Netherlands on the
      652 words
    • 816 17 (9Sp ngjp FUYU CORPORATION LIMITED (Incorporated In the Republic of Singapore) (Company Registration No. *****4601 C) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Fu YU Corporation Limited ("the Company") will be held at Function Rooms 1-3, Level 2, Raffles Marina, 10 Tuas
      816 words
    • 598 17 TOTAL ACCESS COMMUNICATION PUBUC COMPANY LIMITED (Registered in the Kingdom of Thailand as a public company with limited liability) y N DTAC Books Closure Date for Annual General Meeting of Shareholders 2005 NOTICE IS HEREBY GIVEN that the Register of the Shareholders of Total Access Communication Public Company Limited (the
      598 words

  • AVIATION
    • 538 18  -  It will spearhead innovation and technology from S'pore By ALEXANDRA HO [SINGAPORE] The Republic's logistics industry is already at a well-developed stage but one influential figure in the business thinks it would benefit from some serious cost savings.
      538 words
    • 463 18 Its deal with NetJets offers elite service aimed at stars, billionaires [LONDON] Germany's national carrier, Lufthansa, is to become the first mainstream airline to offer passengers an aircraft all to themselves by providing private jets to whisk them to 1.000 destinations across Europe,
      463 words
    • 63 18 [EVERETT. Washington] The first Boeing 777-200LR Worldliner taxis past company employees and media at Paine Field in Everett. Washington on Tuesday, shortly before taking off on its maiden flight. It's the world's longest range commercial airplane capable of flying non-stop between virtually any two cities in
      REUTERS  -  63 words
    • 399 18 [SYDNEY] International controls on airline ownership threaten to drive a number of Asia Pacific carriers into bankruptcy or government ownership within the next five years, a leading industry consultant warned ahead of an industry conference. Governments should move to relax regulatory structures
      399 words
    • 1857 18 an nmn ita fucnt no EK348 1645 U1312 is* M UL2348 1645 CX735 190! AW0«7 1855 LH9770 2245 I SQ402_224C BAT|( 1855 SQ229 2245 4QK1 0625 5K972 221( cqZ, 14 y, 0220 Darwin AF8087 1855 3£ «g 35 "gfl IS 1535 Sq«4 D «m, SQ407 0710
      1,857 words
    • 327 18 Bloomberg [SEOUL] South Korea's Asiana Airlines, which does not hedge its fuel bill against fluctuating oil costs, said its 2005 profit may slump 72 per cent compared with last year because of surging jet kerosene prices and a stronger currency. Net
      Bloomberg  -  327 words

  • SHIPPING
    • PORT SHOTS
      • 135 19 Reuters [BEIJING] China's Dalian Port Corp will build a crude oil terminal for supertankers of up to 500,000 tonnes to supplement another for 300,000 tonne ships that it had completed last year, its chairman said. "China's demand for energy is getting higher and higher as
        Reuters  -  135 words
      • 109 19 Bloomberg [SEOUL] Hyundai Mipo Dockyard Co, an affiliate of the world's biggest shipbuilder, and rival Hanjin Heavy Industries Construction Co, South Korea's fifth-largest shipbuilder, won 550 billion won (SsBBo million) of orders. Hyundai Mipo, a unit of Ulsan, South Korea-based Hyundai Heavy Industries
        Bloomberg  -  109 words
    • 776 19  -  ADMIRALTY CASEBOOK By SELVA KUMAR THE grounding of a vessel in Sydney Harbour last year could have been caused by the effects of jet lag on the bridge navigation team, an investigation has revealed. This prompted the Australian Transport Safety Bureau (ATSB) to call on
      776 words
    • 433 19  -  Boost from surge in export cargoes from China, other Asian countries By GEORGE JOSEPH [SINGAPORE] Port operator PSA International turned in its best performance with a record *****.3 million profit last year, aided by the continuing surge in expprt cargoes from China and other
      FILE PHOTO  -  433 words
    • 260 19  -  It will be 1st in region to use US-developed technology By GEORGE JOSEPH [SINGAPORE] The Republic will be the first in Southeast Asia to use specialised US-developed radiation detection technology at its ports to detect any hidden shipments of nuclear and other
      260 words
    • 175 19 Bloomberg [HONG KONG] Orient Overseas (International) Ltd, a shipping line controlled by the family of Hong Kong Chief Executive Tung Cheehwa, said 2004 profit surged to a record as surging demand for Chinesemade goods boosted cargo volumes. Net income doubled to US$67O
      Bloomberg  -  175 words
    • 282 19 SGX *000 Mr 10 SS W- Vol CH Offshore ...037 unch 1155 ChuanHup .0.72 unch 387 Cotco Corporation 1.61 0.02 ***** CWT Distribution J0S7 -0.01 31 EzraHldm 1.10 0.05 1094 Freight Links 0.09 0.01 443 Grand Banks Yacht 1.13 unch 39 Jaya Holdings 1.10 0.03 1651 K1 Venture
      282 words
  • Page 19 Advertisements
    • 232 19 mm Jigfi' FREIGHT TRADERS Singapore m We arc looking for freight trading professionals who are keen to work with one of the world leaders in dry bulk freight. Requirements -i Minimum of 5 years freight chartering and/or trading experience -i Fluent written and spoken English -»Entrepreneurial and collaborative -i Enthusiam
      232 words

  • EDITORIAL & OPINION
    • 527 20 EDITORIAL US Federal Reserve chairman Alan Greenspan recently spoke about the "conundrum" posed by abnormally-low US long-term interest rates, suggesting that since US economic growth is healthy and short rates have been gradually raised in "measured" pace since last June, long rates should logically be much higher.
      527 words
    • 1133 20  -  Developing countries need to protect their own natural assets from profit-driven 'biopiracy' HARISH MEHTA IT seems that alarm bells are jangling from Washington to Canberra after a 17-member global group that encompasses two-thirds of the world's biodiversity served notice that they will not continue
      REUTERS  -  1,133 words
    • 739 20  -  THE BOTTOM LINE SHADA ISLAM Brussels Correspondent ENDLESS acrimonious debates about money are back at the top of the European Union's agenda as finance ministers battle over plans to revamp the eurozone stability pact and fix a new spending blueprint for the
      739 words
    • 1054 21  -  Risk and the lack of a centralised market for borrowing stock prevents short-selling from correcting irrational prices By HAL R VARIAN NYT ON March 10, 2000, exactly five years ago yesterday, the Nasdaq composite index hit its historic high, 5,132.52, marking the peak of the
      NYT; AFP  -  1,054 words
    • 343 21  -  LETTER TO THE EDITOR Joseph Saverias Singapore I REFER to the report, "Motor racing makes comeback with Tuas track" (BT, March 9). Yes, it's about time we had a car and motorcycle racing track. Let us forget about the casino idea and spend our efforts instead
      343 words
    • 1340 21  -  LEON HADAR Washington Correspondent IN The Image. Daniel Boorstin's ground-breaking and magisterial study of the rise of the modern media and the public relations profession, the renowned historian coined the term "pseudo-event". He was referring to a "happening" that is designed to be covered by
      AP  -  1,340 words

  • Page 21 Advertisements
    • 103 21 HAVE YOUR SAY Fax your letters to 6319-8277 or email them to btletterGsph.com.sg or write to: The Business Times, SPH HQ, 1000 Toa Payoh North, Podium Level 3, Singapore *****4. We need your full name, address and telephone number for verification. Please use temperate language, and bear in mind libel
      103 words

  • 10947 22 STRAITS TIMES INDEX STOCKS Stodc name m Oou dang* Stodmnw Wt Oom Chug# Allgreen 50c 0.30 1.170 NOL 2.80 4.200 BIL Intl llS20c 0.50 1.140 +0.010 OCBC 9.59 13.800 -0.100 CapitaLand 1.57 2.510 -0.010 Parkway Hldgs 25c 0.73 1.680 Chart SemiCond 26c 0.79 1.120 People's Food HK50c 0.34
    10,947 words

  • 5977 23 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES in local cot In S» la USt dy %yr %dy yt dy %yr Mar* lnda» Chang* Chany Q>ang« Chang* Ovanpa Chang* World Inta Preliminary 8724 O2 23 OJ IjQ 02 13 EAFE Prefrnnary 006.6 frl 44 -02 13 -0.1 33 SmlWwnif llWil 04
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  • Page 24 Advertisements
    • 1872 24 I TO USA/CANADA I I EXPORT I I OTHER DESTINATIONS I Ivgsa |VOV |rn ll TO AUSTRALIA (AUSTRALIA ASIA EXPRESS) 00Q ROTTERDAM 10E10 08/03 09/03 I 25/03 31/03 01/ M 30/03 30/03 02/04 ypsil VO~ "nTsHT PUG HI Ml SVP MIL AH. OOQNIMGM 08E11 15/03 14/03 I 01/04 07/04 00/
      1,872 words
    • 889 24 hMTiftAfjftimTwytfmrr 1 VBsa/VQT umriT~ hbohtctd kg km 10 aw jet STRAITS VENTURE 07/0S 1$ 3 23/03 24/03 31/03 03/04 OS/D 4 STRAITS VENTURE OR/OS 1$ 3.2 07/W 01/04 STRAITS VENTURE Of/OS IS 3.2 18/04 21/04 24/04 21/04 01/05 |WST AHA/MNOAL HOBO «V 1 VtSSa/VOT RAMPffT) HBGHT(M) TOK KB KHM WIR
      889 words

  • Page 25 Advertisements
    • 850 25 MOL Combines C o range or trapping moots to wture hnw, itUw mtvwm cowing Major ports > \v,i, f" inn. Inn fin Aim ILii nAOi rmirT norm NMnoo, curopv, japan, am, wnra mwi. Alm «npl hmHWi CvfMS Is: MISAN KMMNGYANG SHANGHAI YAMIIAII OAMBI QMGOAO KLAMAN JAXAttt SUKAIAYA lAOWWW IAMMOt IABi
      850 words
    • 1094 25 <Bsa WY Si XT HK6 |mw WC KYH PUS rasa W SIN iff SOI HKG USX WIS HTMOCf WIS 17/3 11/3 24/3 */3 21/3 30/3 3»/3 MfftSTOK 504S 13/3 li/3 17/3 22/3 2j/3 27/3 HT<IAD<VOSTO< IS4S 24/3 H/3 31/3 2/4 4/4 t/4 4/4 KMTt SHANGHAI SO4S 20/3 23/3 24/3 21/3
      1,094 words
    • 647 25 SiC3tfS&* WEEKLY EXPRESS SAILING SCHEDULE I ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICO POINTS I vcsa I vot law p jiangl coio—o ItL swm I coiowo I I II 1 1 I 1 _—I Aiso mmm ra to coom, tutkokw (vu com—oi and ianha t go* I (VIA M
      647 words

  • Page 26 Advertisements
    • 650 26 uftjlf WALLENIUS WILHELMSEN website: hltp://www.2wfllobal.(om VtSSfl. IK MAO HOW MIA SAY Ml Otf NTC WW MOI TAUSMAN AISO6 3201 MM 6.4 M I IS/03 17/04 21/04 23/04 24/04 27/04 TARONGA AFSO7 I 3201 ms 6.25 M I 01/04 22/04 30/04 04/05 01/0$ 07/05 10/05 TAMOIA AFSM Uwto 6.3 M 09/04
      650 words
    • 1374 26 VKSII VOY SIN PGM JOSH HI SH JD PACIAWA 1423* 11/03 11/03 %}\£Lm 11/S "lt/fli CSf 2301 ***** 11/03 12/03 *i«um 121 i Wfll LiiM ftt lANDA 1424* 12/03 13/03 /J" CSf 2301 ***** 13/03 15/03 PAC lANDA 142SN 13/03 14/03 VBSIL YStt SB Mi PACU*OA 1424* 15/03 15/03_ [gg
      1,374 words
    • 632 26 BSA x MYANMA ■H FIVE STAR LINE (Myonmar National Line) Loading for Yang or vissa voy sin m rn pgu PAGAN 341W SU) HPA-AM 330W SU> IN MALAYSIA: lOUSTEAD SHIPPING AGENCIES KUI/PKL 03-3005t3M PEN: 04-*****15 JHI ACCEPTIMB CONVENTIONAL C6O HKG SIN KG PGU HI KIK MARINE STAR U SID SU)
      632 words

  • Page 27 Advertisements
    • 1279 27 VW\% (I I 110 C«dl W#il43 fartok M Nttno, Sfff«ort *****4 crntetasia JLrines uamwn wi4«Tti: www.iittmiiiiMi.irasa Ivor o« «oo au no ww i wm. lwr[wTaHw> low fm \m [m froM MOLOASIS NMS 23/02 23/02 01/03 02/03 03/03 07/03 11/03 13/03 *020 WW ivjjJ M>4 TEE iM>4 Ti7w M/Sj fi/W MOLErEIWITY
      1,279 words
    • 1179 27 rj-1 Q1%7 I ||k|EC MAW: TO: 6221-1333 MX: 4221-5272 I /r!j\ LllllCD CUSTOMER SBVKfc TDj 6221-5594 MX: 4227-1190 I UIA SMGATOtt TOM 6 XX) SMffWC PH LTD jRfcBfISBMK W*iN: -Jj^j^^^SSSSSSJSSSJSJm^SUSSS^JSSSII^SmSSmI^^m vtssa ~W"maT~wF"W"jiT" vcsa vot iraswi twu ism vbsb ~wt~ raaw ~m i HUMNGMAS 5003 14/03 22/03 23/03 24/03 S. MAIMIM
      1,179 words
    • 438 27 wgggn 02N05 10-11/03 16-20/03 25-25/03 I ■MUhUI TIGER SKY 264N 13-14/03 21-24/03 29-30/03 mil I IWncnxiVf 266N 18-19/03 2S-27/03 02-03/04 1 ■■■■■TIGaiKARI 267N 22-23/03 29-31/03 05-06/04 1 BBBMtiGBSEA 2t9ii 25-25/03 01-03/04 09-10/04 1 190 SIS/03 21-13/03 31 WW I ■|UUlft|mUttN 312 1 9-20/03 27-29/03 06-07'04 I o^^J ■JiiflfjliyKGo^Sw^^lO^l?l4!^^7w^^3lsl/^l MifIHMpHUTAM 312
      438 words

  • THE BUSINESS TIMES SHIPPING TIMES
    • 7620 28 ETA ETA Adnrtmr VmmI Vayafa TatapfcOM ETA ETA **»«rtb«t Vaaaai Voyaft TiMm E sm Desfn Mane Nama Hmmbr Number SIN Dcsfa Nana Nana Nankar Nwkar S 28/03 05/05 HamburgSud COMMODORE 012E *****133 To ABIDJAN (ABJ) 2003 Cote D'lvoire 19/03 30/04 China She*; KOTA 8ERANI
      7,620 words

  • ENTERTAINMENT
    • 1027 29  -  The Mosaic Music Festival kicks off today, and you still haven't got your tickets? CHEN LOONG helps you make your choice CHEN LOONG James Moody's 80th Birthday Concert James Moody and the Jeremy Monteiro International Trio Friday, March 11, 7.30pm, Concert Hall The
      1,027 words
    • 462 29  -  By PEPPER LEE JIM Ballard, who plays the stern Captain von Trapp in Broadway's The Sound of Music. strikes an imposing figure befitting of a Captain. But just as the show's Captain is really an endearing character behind that strong veneer, Ballard's
      462 words
    • 380 29  -  By PARVATHI NAYAR HE'S a Yank brat pack ldd with all the right gear to go corporate climbing: the buzzwords (cross promotions, synergy) and the euphemisms (you never fire anyone, you just let 'em go); the brains and the streetsmarts; and most importantly, the hunger.
      380 words
    • 299 29  -  By PEPPER LEE UNLIKE what its title may suggest, Robots by the same people who did Ice Age is anything but mechanical, hard or cold. In fact, your emotional side might get a good workout from this heart-warming tale of a young robot's journey to
      299 words
  • Page 29 Advertisements
    • 157 29 \X7U~-* J Diners Club Credit Card 6416 0980 Where to wine, dine and entertain... 0^ Weekly Themed Dinner Buffets Monday to Thursday Adult $30 Child $18 Look forward to a different dinner buffet spread each week when you dine at St. Gregory's Brasserie. Japanese, Italian, Thai, Middle Eastern to even
      157 words
    • 130 29 caaaaa W Bu) -1I A SidiuhilnleiUmil x >p 60 Reasons To Feast SI Chuan Dou Hua offers you 60 tempting reasons to Indulge. Savour delectable dishes In our popular '60 Dishes Deluxe Feast' such as Braised Shark's Fin Soup with Crabmeat, Shredded Pork with Garlic Chilli Sauce and many more.
      130 words
    • 2 29 cour**^ 1
      2 words
    • 29 29 Arguably the BEST 2 selection of TOP Australian wines in Singapore &Q2 -02 Tanghn Shopping Centre Ne*t to O r charj p cade Hotel Tei *****213 *****699 *****170 V./w
      29 words
    • 78 29 Captains Table presents Teochew Specialties in our Unlimited A La Carte Buffet. Dine from a choice of over 40 dishes prepared specially for you. $22.60++ per adult $16++ per child under 12 Weekdays: Dinner Weekends Public Holidays Lunch Dinner MERITUS MANDARIN SINGAPORE MULTI AWARD-WINNING MANDARIN CHICKEN RICE Come, savour Singapore's
      78 words

  • ARTS
    • 608 30  -  PARVATHI NAYAR looks at the influential German painter's style PARVATHI NAYAR Brutal strokes, powerful gestures, isolated figures bound in a welter of lines: these are the trademarks of German artist Georg Baselitz, whose printworks are currently on show. Born 1938, the German painter,
      608 words
    • 550 30  -  By PARVATHI NAYAR SET amid favourite nyonya colours like lime green and fuchsia pink, Nyonya Kebaya: A Living Art is a visual treat, a selection of some 70 kebayas. picked from the extensive collection of Datin Paduka Seri Endon Mahmood, wife of the Prime Minister
      550 words
    • 257 30  -  By SANGEETHA MADHAVAN THE Necessary Stage's What Big Bombs You Have!!!, a retelling of the story of Little Red Riding Hood, didn't want to root for either the big bad wolf or Riding Hood. So it offers both alternatives; Red's family, where evil lurks at every
      257 words
    • 414 30  -  By PARVATHI NAYAR MANY artists like Hans Haacke and Marcel Broodthaers have critiqued aspects of museum culture from its corporate affiliations to its mandate as the arbiter of what constitutes art. French photographer Gerard Rondeau's photographs of museums do not seem to fall into
      414 words
    • 506 30  -  By CHEAH UI-HOON WHAT does a new Peranakan arts company have in common with the The Arts House at Old Parliament? They both celebrate their first birthday this March. As Main Wayang the Peranakan company makes its maiden performance this month,
      506 words
  • Page 30 Miscellaneous
    • 165 30 CRYPTIC CROSSWORD DOWN 14 Left one with talent a burden YESTERDAY'S SOLUTION 1 Disease, French complaint Q m n _u,Xf ir (9) Across: 6 Break a leg, 7 Bread, 10 ee g g 15 At risk we manoeuvred this Squalid, 11 Movies, 12 Zero, 13 runner (5-3) Wardrobe, 15 Blether,
      165 words

  • Page 31 Advertisements
    • 386 31 Samsung Pnhmd Partntrs OutItfs:CENTRAL Trends Trendies (Samsung Shop) Plaza Singapura #82-28 Tel: 6238 7911 AilDsal Burlington Square #01-02 Tel: 6334 5133 Citilink United Square #81-38 Tel: 6253 0618 Handphone Inspiration Cineleisure #81-07 Tel: 6733 4639 Handphone Shop Le Meridien #01-06 Tel: *****195 Handphone Shop Suntec City Mall #01-136 Tel: 6333
      386 words