The Business Times, 14 March 2005

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Total Pages: 30
1 30 The Business Times
  • 15 1 THE BUSINESS TIMES Monday, March 14,2005 SINGAPORE 85 cents online at http://business-times.asial.com.sg MICA (P) 089/03/2005
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  • 772 1  -  Banking, telecoms, energy to drive deals: PwC By MICHELLE QUAH [SINGAPORE] The Singapore corporate arena is set to see more mergers and acquisitions this year, with the banking, telecommunications and energy sectors likely to dominate the action, says PricewaterhouseCoopers (PwC). The trend is being
    Source: Bloomberg  -  772 words
  • 513 1  -  The joint venture to build and run hostels in top cities will be its third British deal this year By CHUANG PECK MING [SINGAPORE] Just days after it announced a £1 billion (Ss3.l billion) hotel deal in the United Kingdom,
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  • 137 1 MARKETS wttK uige STI .2169.41 +14.86 KLSE COMP 901.45 ...-.+16.12 NIKKEI 225 *****.89 +50.84 HANG SENG *****.93 ....+160.15 SET INDEX 710.98 -17.44 JAKARTA COMP ...1108.05 +5.04 MANILA COMP ....2137.39 ,.™+12.70 TAIPEI TAIEX 6204.23 ......+10.61 SEOUL COMP 1022.79 +9.83 SHENZHEN B 273.42 +1337 AUSTALLORD 4192.60 -9.30 DOW JONES *****.36
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  • Page 1 Advertisements
    • 68 1 INVESTORS' FORUM Financial derivatives aren't really that daunting PGI2 *W Wb-^IWP r^H jL Rt c Jk 1 /^Hf iVHHBr >v -> CORPORATE SCANDALS How far is risk-taking tolerated? THE TAITTINGER MOMENT AT GRAND HYATT. venue. ONE luxury winemaking. Discover the distinctive of Champagne TAITTINGER at mezzad Sunday Brunch, Exclusive Distributor
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    • 11 1 ■jHK dining out Hotel restaurants: winning diners with new tastes pgio
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    • 5 1 111 8 "liB7lB1 1 '*****4
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    • 44 1 Latest 3G phones will come to S'pore sooner than jIMB expected: Samsung pg 27 BT ONLINE For the latest finandal news, currency movements and a 7-day archive, visit business-times.asial .com.sg This service is available to subscribers from 4am Singapore time (2000 GMT) each day.
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  • TOP STORIES
    • 784 2  -  Politics counts for less in most investment deals By WONG WEI KONG [SINGAPORE] Against the backdrop of improving Sin-gapore-Malaysia relations, the big deals have been coming thick and fast. A three-way code-share agreement between Singapore Airlines, Malaysia Airlines and Silk Air the first commercial arrangement
      Source: Bank Negara; AFP  -  784 words
    • 796 2 Weak US$ and high oil prices weigh on stocks SINCE November, it has been that the effect of a shrivelling dollar would soon join oil prices on Wall Street's "most worrisome" list. As of this week, it has officially made its way there, say market analysts. TOP STORIES,
      796 words
    • 832 3  -  WALL STREET INSIGHT Trade deficit adds to fears of central banks cutting US$ holdings By ANDREW MARKS in New York RISING oil prices and a falling US dollar. Strong oil prices and a weak dollar: readers should get themselves accustomed to
      PHOTOS: AFP  -  832 words
  • Page 2 Advertisements
    • 219 2 BEIJING 101 i jjH? see resuits in weeks! solves your hair problems." i£a^r Ter^^etao 100% Natural 31 years of success lUU /O raaiurai Beijing 101 Herbal Therapy /jf^Mr- numer ust °p awar^s in the Beiiinq 101 uses natural N. across Europe, America and Asia. \w tvActrau its successful stories have
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  • Page 3 Advertisements
    • 119 3 RETURN OFm Cdruhs^Oitt^ (<Q) HAn Evening with Carlos Bonell o«t» Sat, 19 March 2005 Tim® 8 pm Vtnua: SP Auditorium (111, Sonwrnt Road) CARLOS BONELL (UK) a sensitive and poetic exponent.. a varied and subtly employed tonal palette and Itghtfy warn virtuosity." Gramophone Magazine Muriel Anderson in concert Data Fri,
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    • 408 3 2 business trip to the Big Apple: $8000 limo into the Big Apple: $250 client dinner overlooking the Big Apple: $575 4 coming home to a little Apple: priceless V* 4 r ,M(, 1 7 T I i 1 iPuPI' 11 l|4§l 11 1 "T J u u 1 1
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  • SINGAPORE MARKETS
    • 594 4  -  STOCKS R SIVANITHY Senior Correspondent SOME three weeks ago, US Federal Reserve chief Alan Greenspan wondered about the conundrum of low long-term bond yields. If the US economy was cruising along nicely within the confines of a low-infla-tion, stable-growth scenario the Fed and its counterparts had
      594 words
    • 1320 4 Payment Ex looks Pay Payment Ex »ookj Pay (ctt) ow 4m tab- Isai—te*—Urn—&SiAction Aga 10c 030 124% 174% 314% MOHUS5C F US1.00 l*44a 214«a 114% Ally—n Prop 50c b 6J0 28>pr 044% 164% Nera Elect 5c F 0.50 20-Apr 25-Apr 054% AmtekEngg 20c I 2.00 01-Mar 0444ar 1644ar
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    • 371 4 CURRENCIES AFP [HONG KONG] Asian currencies mostly rose against the US dollar over last week, with poor American economic data hitting the US unit. Japanese yen: The yen gained ground during last week, backed by Japanese Prime Minister Junichiro Koizumi's remarks over its foreign reserves,
      AFP  -  371 words
    • 419 4 Compiled by Thomson Financial I/B/E/S OTHER SINGAPORE INDICES Mar 11 VALUE CLOSE BTOB7QS -133.00 +150.00 BTCADI -*****.00 BT 10-day MA -*****.00 -13.00 All-SG Equities 561.39 -0.35 SG Equities Elect 143.67 +0.94 SG Equities Fin 1623.73 -3.48 SG Equities Prop 567.52 +5.84 SIMSCI 256.73 -0.51 SiMSCI Futures 256.70 +0.10
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  • Page 4 Advertisements
    • 63 4 WEEK AHEAP Investor events to watch out for Bonus issue of KS Tech, ex-date, Mar 15 Craft Print's dividend payment, Mar 15 Daka Design's dividend payment, Mar 15 Amtek Engg's dividend payment, Mar 16 New listing of Sunpower Grp, Mar 16 Chuan Hup's dividend payment, Mar 17 Tech Grp's dividend
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  • COMPANY NEWS
    • 448 5  -  Observers say his main goal may be to gain firm control of the company By SIOW LI SEN THE private vehicle of banker Wee Cho Yaw and sons has been buying shares of Haw Par Corp, the listed entity often
      FILE PHOTO  -  448 words
    • 622 5  -  HOCK LOCK SIEW By RONNIE LIM SUDDENLY, there's a spate of offshore oil, or exploration and production (E&P) plays in the Singapore market. It's all happening as oil prices nudge record highs, and as regional oil demand, especially from China and India, continues to grow
      622 words
    • 661 6  -  Possible tie-ups lie in transport and logistics, financial services, healthcare By S JAYASANKARAN in Kuala Lumpur SOMETIME in 1997, Malaysian conglomerate Renong signed a memorandum of understanding with Singapore Technologies that envisaged the latter building an enormous logistics and warehouse complex on land owned
      661 words
    • 239 6 Bloomberg [ISLAMABAD] Pakistan chose eight bidders, including Singapore Telecommunications and China Mobile Communications, for a 26 per cent controlling stake in Pakistan Telecommunications Co, the nation's biggest phone service provider. Other bidders for the second round of the auction include TaiekoauMftk^rsia Bhd,
      Bloomberg  -  239 words
    • 405 6  -  Offer price is lower than targeted; issue oversubscribed By MICHELLE QUAH IPO aspirant LMA International NV has priced its initial public offer of 282 million shares at 88 cents a share, making it one of the largest share issues so
      FILE PHOTO  -  405 words
  • Page 5 Advertisements
    • 67 5 4 r** s r m 10% S* 9 sS&t I •O f gtrr4 I'' Mi MMWM jsusm. j ELi pp "-mmiitrHpw m fpiK SSSSSSSBI ■<£ 0 /mmmmtMW I iTDr SSSS —UKnu I j|p|pj gpr i iiiis I x■ 4 THE NEW ElOOO. hello real-time video chat, hello instant video streaming,
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  • Page 6 Advertisements
    • 1155 6 To advertise call toll-free 1800 289 8822 Email: notices@sph.com.sg FT INTERNATIONAL NICKEL INDONESIA Tbk NOTICE OF ANNUAL GENERAL MEETING OF SHAREHOLDERS PT INTERNATIONAL NICKEL INDONESIA TUc Die Board of Directors of PT International Nickel Indonesia Tbk (hereinafter referred to as "fa Company") hereby invites all shareholders to attend an Annual
      1,155 words
    • 492 6 14th March, 2005 Notice to the holders of the U*****,000,000 9.75% Guaranteed Notes (the "Notes") issued by Telekomunikasi Selular Finance Limited (the "Issuer") ISIN No. X **********4 This notice is given by the Issuer pursuant to Condition 6(c) of the terms and conditions of the Notes, of the early redemption
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    • 31 6 We've made a haul! mt Share the good news with your investors Releasing a financial statement? Call 1800 289 8822 or email notices@sph.com.sg to book your advertisement in our newspapers now.
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  • Page 7 Advertisements
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  • SINGAPORE MARKETS
    • 1129 8  -  TEH HOOI LING Senior Correspondent THE spike in oil prices returned to haunt the market, leading funds to flow into the bhie chips seen to be able to weather the oil hikes better. Last week, the Straits Times Index (STD edged up 0.7 per
      1,129 words
    • 932 8  -  INSIDE MARKETS Companies which announced year-end results generated buying interest last week, writes ROBERT HALILI ROBERT HALILI TRADING activity last week rebounded from the previous week's low turnover with 79 trades worth $15 million, up from 52 transactions worth $12.4 million. Buyers outweighed sellers with
      FILE PHOTO  -  932 words

  • VIEWS FROM THE TOP
    • 1274 9 THIS WEEK'S TOPIC Is an increase in corporate wrongdoing unavoidable if we want to have a dynamic business environment where risk-taking is tolerated and even encouraged? LOOK no further than our banking sector to see how a balance can be achieved. Not too long
      1,274 words
  • Page 9 Advertisements
    • 91 9 Members of Ihe BT CEOs e-Club are Singapore's top rriMMi in ft w I«» <> Ja■>■ corporate leaders whom BT editors would Hoe to interact with in an r .1 ill 1 nf atmospnereoT Informafity and trust This'dub'is a vstuaion^wilh OMhA£ML# jmeracoon re Each week, we wi IPMAIA f n>wiiyLnj"iiitf
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  • DINING OUT
    • 1491 10 Hotel restaurants are constantly coming up with new things to entice diners. We check out what some of them are doing Jaan 70th floor, Swissotel The Stamford Tel: 6837 3322 A MEAL with a view used to come at a high price at Jaan one
      1,491 words
  • Page 10 Advertisements
    • 292 10 Arguably the BEST 2 selection of TOP Australian wines in Singapore 6 7 ?7i2-!3 *****699 y. Raffles Country Club Le French Restaurant Open to public 450 Jalan Ahmad Ibrahim Tel: 6862 1838/9 $3 Semi Buffet Offer 50% Discount Off Goose Liver, Escargot Oyster Meuniere Only for Main Course order above
      292 words

  • SINGAPORE NEWS
    • 491 11  -  It hopes to boost female involvement in politics, groom future leaders By JEAN CHUA THE ruling People's Action Party (PAP) has formed a new wing to encourage more young women to participate in politics and nurture future female leaders of the nation. Young
      491 words
    • 691 11  -  Pharmaceutical firm stresses family-friendly practices, CAROLYN QUEK reports CAROLYN QUEK AT the Baxter Healthcare plant in Singapore, employees like Aznah Bte Mat Pagi can knock off from work at 4.30 pm every day. Thanks to the compressed working hours that the pharma- ceutical company
      PHOTOS BY CHRIS LOH  -  691 words
    • 345 11  -  By maintaining a good balance between work and family, the Family Life Ambassador pioneer ensures happy employees, writes CAROLYN QUEK CAROLYN QUEK THEY are one of the pioneers of the Family Life Ambassador Programme (FLA), having been a member since 2000. This was
      345 words
    • 359 11  -  Keystone Symposia a big boost for biomedical hub By CHEN HUIFEN SINGAPORE has been picked to be the first country outside North America to host the Keystone Symposia conference, a prestigious international meeting for professionals and academics in the scientific community.
      359 words

  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • 858 12  -  By R Sivanithy MENTON financial derivatives and you are Bsely to draw a blank look from most people. Many are ignorant of toe term and are too afraid to find out what it means. For them, financial derivatives are best left to rocket scientists or people with finance
      858 words
    • 780 12  -  CAMPUS LIFE Four NUS undergraduates leave global rivals in their dust at European business case competition, CAROLYN QUEK reports CAROLYN QUEK Against the likes of weiiknown establishments such as the University of California, Berkeley and University of New South Wales, they were the underdog. In fact,
      CHRIS LOH  -  780 words
  • Page 12 Advertisements
    • 250 12 Be smart with your finances FANCY becoming the next Warren Buffett or George Soros? Or even the famous Robert Kiyosaki? Then read on. The Young Investors' Forum, part of the BT-Citibank Tertiary Outreach Programme, isn't another dry page out of your financial textbook. To complement our editorial content, we have
      250 words

  • ECONOMY WATCH
    • 468 13 Beijing's trade surplus data differs from figures given by its partners Reuters Bloomberg [WASHINGTON] The US Treasury says China's official trade figures "differ markedly" from estimates compiled by its trading partners and it is investigating the discrepancy. The report on Friday
      Reuters; Bloomberg; AFP FILE PHOTO  -  468 words
    • 213 13 Bloomberg [BANGKOK] Thai Prime Minister Thaksin Shinawatra said his cabinet faces a "tough task" this year. Mr Thaksin, whose Thai Rak Thai party won a record 377 of 500 seats in the Feb 6 general elections, appointed 35 ministers on Friday to his
      Bloomberg  -  213 words
    • 283 13 Reuters [PARIS] The outlook for economic growth in the United States has improved but prospects have worsened in the eurozone and Britain, the Organisation for Economic Cooperation and Development (OECD) said on Friday. The Paris-based think-tank that its forward-looking composite leading indicator for
      Reuters  -  283 words
    • 622 13 Reuters [NEW YORK] A large US current account deficit has been blamed for the slide in the US dollar in the past three years, but Australia and New Zealand have been running persistent current account deficits also, yet their currencies have strengthened, analysts
      Reuters  -  622 words
    • 283 13 AFP [WASHINGTON] US textile and apparel makers called on Friday for action by Washington to stem Chinese imports, saying American industries are being devastated by the lifting of quotas earlier this year. US industry groups were joined by union organisations in the
      AFP  -  283 words
  • Page 13 Advertisements

  • MALAYSIA
    • 834 14  -  MALAYSIA INSIGHT But its draw as a premier stock exchange is curbed by dearth of good, solid companies PAULINE NG KL Correspondent EXCITING times are ahead for Bursa Malaysia at least, that's the fervent hope with the bourse's listing come Friday. It's indeed a
      834 words
    • 490 14 [KUALA LUMPUR] The Employees' Provident Fund (EPF) has appointed Bank of New York as the global custodian of RMI.9 billion (*****.7 million) of its funds which it plans to invest overseas, The Star reported sources as saying. The
      490 words
    • 8 14 Compiled by Thomson Financial I/B/E/S
      8 words
    • 298 14 Move comes amid fears it may not be able to deliver patrol vessels for navy, says report AFP [KUALA LUMPUR] Malaysia's military investment fund has taken over the management of a company building 27 navy boats amid concern it will not be able to deliver
      AFP  -  298 words
    • 245 14 Bloomberg [KUALA LUMPURI Malaysia will abandon its currency peg in the second half of this year, according to Lehman Brothers Holdings Inc. Former prime minister Mahathir Mohamad introduced capital controls and fixed the ringgit at 3.8 per US dollar in 1998
      Bloomberg; AFP  -  245 words

  • GREATER CHINA/INDIA
    • 582 15 Incumbent would only serve two years out of Tung Chee-hwa's term AFP, NYT [HONG KONG] China's decision to shorten the term of Hong Kong's next leader had observers yesterday warning of trouble ahead, saying the move had damaged the city's autonomy
      AFP,; NYT  -  582 words
    • 272 15 AP [CANBERRA] Australia is likely to begin negotiating a free trade agreement with China after a preliminary study was finalised last week, Australia's prime minister said on Sunday. Negotiations are expected to begin,if the preliminary study convinces both countries that such
      AP  -  272 words
    • 413 15 Reuters [KUKAS, India] India's telecoms sector may attract US$l billion of foreign direct investment in the year ending March 2007 as global firms such as Ericsson boost operations, Communications Minister Dayanidhi Maran said. Surging growth in wireless market has already
      Reuters  -  413 words
    • 379 15 Donald Tsang faces HK$50,000 pay cut if he becomes chief exec [HONG KONG] The outgoing chief executive could pocket millions of dollars in outstanding leave pay and an end-of-contract gratuity, the South China Morning Post said on Saturday. Tung Chee-hwa had 365
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    • NOTE BOOK
      • 71 15 Reuters [SYDNEY] Indonesian President Susilo Bambang Yudhoyono is to make a rare official visit to Australia soon, Prime Minister John Howard announced yesterday. He will be the first Indonesian leader to come since Abdurrahman Wahid in early 2001. Dates and other details have yet to be
        Reuters  -  71 words
      • 67 15 AFP [BEIJING] China's efforts to reduce its public debt are being undermined by local governments flouting the rules to borrow large sums of money, state media reported on Saturday. The inability by many local governments to service their heavy debts is posing a
        AFP  -  67 words
      • 36 15 AFP [BEUING] China's legislature yesterday approved President Hu Jintao as the country's official military chief. He replaces ageing former leader Jiang Zemin as chairman of the state's Central Military Commission. —AFP
        AFP  -  36 words
  • Page 15 Advertisements
    • 1599 15 Ti aivertix call toll-fret 1800 289 8822 Email: aoticrsgsph.com.sg M THE MATTER Of THE COUP AMES ACT, (CAP. SO, IM4 ED) AND M THE MATTER Of RHEMA CENTRE PTE LTD Reg. No. *****3895R (Provisional Uqudators Acported (Incorporated in the Republic of Singapore) NOTICE OF CREDITORS' MEETING PURSUANT TO SECTION 296
      1,599 words

  • ASIA-PACIFIC/WORLD
    • 674 16 Consumers want combination of ease, fashion, quality, low prices AFP [TOKYO] With the world's top two retailers faltering in the tough Japanese market, local retail chains are refining their approach to bud-get-conscious and discerning Japanese consumers. Despite the novelty of the
      AFP  -  674 words
    • 530 16 Reuters [KUWAIT] Opec may agree at its meeting this week to allow members informally to pump above official oil output limits to cool scorching prices, the cartel's president said on Saturday. With oil prices again within sight of US$55 a barrel, the
      Reuters; REUTERS  -  530 words
    • 281 16 AFP [WASHINGTON] Mittal Steel obtained approval from US regulators for its acquisition of International Steel Group (ISG), clearing a major hurdle in the deal to form the world's largest steelmaker. Mittal Steel and ISG said in a joint statement on Friday that
      AFP  -  281 words
    • 544 16 AP [WASHINGTON] Like bartenders putting cheap alcohol into their cocktails, some US refiners are reaping huge profits these days by relying on lower quality crude oil to make everything from gasoline to diesel. The difference is that, unlike martinis mixed with barnyard booze,
      AP  -  544 words
    • 554 16 AP [ATLANTIC CITY, New Jersey] He's a reality TV star, a billionaire and he knows a thing or two about beautiful women between the ones he's married and the beauty pageants he already owns. Who better to rescue a damsel in distress than Donald
      AP; REUTERS  -  554 words

  • WORLD
    • 518 17  -  Exports surged 130% since 2002, while UK imports only grew 26% By NEIL BEHRMANN in London SINGAPORE'S trade with the United Kingdom has soared by 80 per cent to $15.95 billion in the past two years. The balance of trade is
      518 words
    • 366 17 Reuters [LONDON] Israel has drawn up plans for a combined air and ground attack on Iranian nuclear Installations if diplomacy fails to halt Teheran's atomic programme, London's Sunday Times said. The newspaper said Israeli Prime Minister Ariel Sharon and his inner cabinet
      Reuters  -  366 words
    • 505 17 Minister: voluntary disclosure scheme has failed Bloomberg [NEW YORK] The German government will force company executives to reveal details of their pay after companies failed to deliver on voluntary disclosure, Justice Minister Brigitte Zyprietf said. The government gave Germany's 1,000 listed companies
      Bloomberg  -  505 words
    • 493 17 NYT, Bloomberg [NEW YORK] The Warner Music Group, the record label of artists including Madonna and Linkin Park, plans to raise as much as US$75O million in an initial public stock sale. The smallest of the world's four major record conglomerates
      NYT,; Bloomberg  -  493 words
    • 231 17 NYT [WASHINGTON] Sen Paul Sarbanes, who together with Republican Michael Oxley of Ohio, helped sponsor the Sarbanes-Oxley Act in 2002 said on Friday that he would not seek re-elec-tion in 2006, becoming the second Democratic senator to announce his plans to retire after this
      NYT; BLOOMBERG  -  231 words
    • 372 17 Bloomberg, Reuters [MADRID] Spanish police arrested 41 people suspected of involvement in laundering more than 250 million euros (*****.7 million). A source close to the investigation told Reuters said the people are suspected of siphoning funds from the Russian oil firm Yukos Oil Co without
      Bloomberg,; Reuters  -  372 words
    • WORLD WATCH
      • 89 17 Reuters [NEW YORK] Influential proxy advisory group Institutional Shareholder Services on Friday said it would generally support non-binding proposals seeking majority vote rules in board member elections. ISS said the majority voting system is better than the current default standard, in which a
        Reuters  -  89 words
      • 76 17 AFP [WASHINGTON] Walt Disney Co is expected to name Robert Iger to replace Michael Eisner as chief executive officer, The Wall Street Journal reported yesterday. The sole external candidate, Internet auction site EBay's CEO Meg Whitman, withdrew her candidacy, the report said. Ms
        AFP  -  76 words
      • 84 17 Reuters [LONDON] Euronext shareholder The Children's Investment Fund has told the exchange all major investors oppose a bid for the London Stock Exchange materially above 400 pence per share, the Sunday Telegraph reported. It quoted TCI managing partner Christopher Hohn as saying: "It is my
        Reuters  -  84 words
      • 62 17 Reuters [LONDON] British private equity group CIC International said on Friday it had agreed to buy the residential arm of the 200-year-old estate agent Chesterton, which went into receivership last week. CIC would be keeping all 200 staff at the London-based division, which according
        Reuters  -  62 words
      • 61 17 [LONDON] US sports tycoon Malcolm Glazer is close to launching his long-awaited £800 million (552.5 billion) bid for Manchester United, The Observer reported City sources as saying on Saturday night. NM Rothschild, which is advising Mr Glazer, is expected to thrash out terms with
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  • Page 17 Miscellaneous
    • 299 17 CRYPTIC CROSSWORD 5 Reportedly, requires pounds (6) ~Lh 8 Incentive to assume debts is not j j 1 j j 9 ?reat in another way to produce 1 Choae a number for the band 13 Could Major mar herb produc--14 What marriage counsellors tell 17 Hit back when giving account
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  • AVIATION
    • 585 18 Action after court protection from creditors leaves thousands stranded Reuters [MONTREAL] Discount airline Jetsgo has obtained court protection from creditors and grounded its jet fleet, stranding 17,000 passengers during the March break school holidays, one of the busiest travel periods of the year
      Reuters; REUTERS  -  585 words
    • 279 18 AFP [KUALA LUMPUR] Malaysia Airlines has come under fire for its policies on hiring women after a former stewardess sacked for falling pregnant lost a long-running legal battle to win her job back, a news report said yesterday. The Malaysian national carrier
      AFP  -  279 words
    • 233 18 Boeing issues 8,1 00 layoff notices in Wichita unit sale process AP [WICHITA, Kansas] Boeing Co issued 8,100 layoff notices as part of its sale of commercial aircraft operations in Wichita to Onex Corp, with those workers being asked to apply for their old jobs with the buyer. The 60-day
      AP  -  233 words
    • 210 18 Bloomberg [NEW DELHI] Magic Airlines Pvt said it plans to start a low-fare carrier in India, where companies are starting new airlines to cater to the rising demand for air travel in the world's second-most populous country. The company has applied to India's
      Bloomberg  -  210 words
    • 564 18 AP, Reuters [BASEL, Switzerland] Swiss International Air Lines needs to solve its financial headaches before hooking up with another carrier, the company's chief executive said. Christoph Franz declined to comment on renewed speculation that the struggling airline, known
      AP,; Reuters; REUTERS  -  564 words
    • 400 18 AIRLINE CODES: AA: American Airlines (AAL), AF: Air France (AFR), AI: Air India (AK), AY: Finnair Oy (FIN), AZ: Alitalia Airlines (AZA), BA: British Airways Public Ltd Co (BAW), BG: Biman Bangladesh Airlines (BBC), BI: Royal Brunei Airlines Sdn Bhd (RBA), BO: Bouraq Airlines (BOU), BR:
      400 words

  • SHIPPING
    • 401 19 Cosco Holdings IPO expected to raise more than US$1b, says source Reuters i [HONG KONG] China's top shipping group, China i Ocean Shipping (Group) Co (Cosco), plans to float its container shipping arm, the j world's seventh largest, in a Hong Kong IPO
      Reuters  -  401 words
    • 764 19  -  Captains Carol Jackson and Suzannah Vaughan were inspired to pursue a maritime career by the training ship Leeuwin, says EVELYN DUFFY EVELYN DUFFY [PERTH] CAIJOL Jackson and Suzannah Vaughan make for an unlikely pair of "crusty seafarers". Yet, these mariners, who are among a
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    • 334 19 [SINGAPORE] Indonesian ship owning and managing company Equinox has said that its role in the sale of two supertankers belonging to Indonesian state-owned oil company Pertamina was professional and transparent. It was responding to last week's ruling by Indonesia's Commission for the Supervision
      334 words
    • 452 19 Bernama £[KUALA LUMPUR] Malaysian Merchant Marine Bhd i(MMM), the country's second largest shipping concern in terms of fleet size, is "expected to benefit in the ;?long term from its proposed jljoint venture in war-torn Iraq. MMM is believed to have r signed
      Bernama; BLOOMBERG FILE PHOTO  -  452 words
    • 169 19 AFP [ISTANBUL] Maritime officials in this city of 12 million people were struggling yesterday to retrieve three LPG containers from the sea after they plunged into the Bosphorus Strait when the ship carrying them sank. Officials said the Bosphorus Strait was closed to maritime
      AFP  -  169 words
  • Page 19 Advertisements

  • 3227 20 STRAITS TIMES INDEX STOCKS smt—» art ow awn art— m o— a—» AHgreen 50c 0 30 1.160 -0.010 NOt 2 79 4.180 -0020 Bit Intl US20C 0 49 1.130 -0.010 OCBC 9 59 13.800 CaprtaLand 164 2*10 *0.100 Partway Hldgs 25c 0.72 1 660 **20 Chart SemiCond 26c
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  • FINANCE & COMMODITIES
    • 3119 21 MORGAN STANLEY CAPITAL INTERNATIONAL INDICES hi local am In SS In USS dy yr dy yr %dy %yr Mir 11 Indm Oxng* Chang* Chang* Chang* Chang* Owng* WortdlndBiPMfcwnary 865.9 0.0 1.6 0.0 0.5 at 13 EAft WWnwy 802.6 03 3.9 0.4 2.4 05 33 Europe Prafcnjnary 1104.0 03 43 QJ
      3,119 words
    • 950 21 COMMODITIES: WEEKLY ROUNDUP AFP [LONDON] Oil prices surged again last week as Brent crude broke through the US$54 mark for the first time in its history in London and New York futures flirted with record levels. The Commodities Research Bureau's index of 17
      AFP  -  950 words

  • Page 22 Advertisements
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  • THE BUSINESS TIMES SHIPPING TIMES
  • Page 26 Advertisements
    • 90 26 TUVALU SHIP REGISTRY i QUALITY SERVICE UALITY FLAG j w fHHIHHHDkNHr 1. Low taxes 5. Accedes to latest international 2. Active role and representation in IMO conventions and regulations 3. Staffed by qualified professionals with 6 Round the clock service many years of experience in ship 7. Worldwide network of
      90 words

  • BizIT
    • 722 27  -  Reports by RAJU CHELLAM ASIAN companies and government organisations are snapping up new, advanced technology that boosts ultra-high-speed broadband connections to the home and office while cutting costs to the bone, according to US-based networking giant Cisco Systems Inc. More companies are also embracing
      722 words
    • 332 27 WILL traditional telcos lose millions of customers and billions of dollars with the spread of Internet telephony? Yes, says US-based research firm Strategy Analytics. Local phone companies wiH lose millions of residential customers this year, as cable TV operators launch VoIP (Voice Over Internet
      332 words
    • 739 27 BT exclusive Latest 3G phones will come to S'pore sooner than expected, Samsung's senior vice-president Chang Soo Choi tells KENNETH JAMES in Hanover SAMSUNG Electronics must continue to compete for mind and market share at the high end of the many markets it plays
      AFP  -  739 words
    • 231 28 AFP [HANOVER, Germany] Computer security is in the spotlight at the world's biggest IT fair, CeBIT, with software companies touting the latest defences against ever more devious tricks in Internet fraud. Firms said a technique known as phishing from the words password
      AFP  -  231 words
    • 351 28  -  Event at Suntec City drew 560,000 visitors By ROLAND LIM SINGAPOREANS demonstrated their insatiable appetite for consumer technology at the four-day IT Show 2005 that ended yesterday evening. According to the organisers. 560,000 visitors thronged the halls at Suntec City to buy
      351 words
    • 304 28  -  By ROLAND LIM CALIFORNIA-BASED Wyse Technology Inc wants its Asia-Pacific and Japan operations to contribute 30 per cent to gross global revenues over the next two years, from about 12 per cent currently. It aims to grow gross global revenues from the current
      304 words
    • 203 28 Reuters [SEATTLE/CHICAGO] As Microsoft Corp develops software for advanced phone systems that work over the Internet, it is on a collision course with Cisco Systems Inc, another industry titan with similar ambitions. The budding rivalry will take place in the arena of VoIP
      Reuters  -  203 words
    • <what's up>
      • 83 28 SINGAPORE-BASED asset tracking solution provider, MobiApps Holdings, and Indian automobile component manufacturer Tata AutoComp Systems, have launched a US$2 million joint venture, Taco MobiApps Telematics Ltd. The joint venture will provide "trako" fleet management and VTS (vehicle tracking solutions) based on MobiApps* product platform to
        83 words
      • 60 28 THE Infocomm Development Authority of Singapore (IDA) has launched a new Games Bazaar promotion programme which will help companies on the games hosting platform expand in the region. The new programme will help companies promote their wares in online and print media and at expositions. Localisation services,
        60 words
      • 43 28 ENTERPRISE telephony specialist Avaya has won a deal worth $250,000 with Nets (Network for Electronic Transfers Singapore). The deal will see Avaya supply Nets with call centre solutions via Jebsen and Jessen Communications, one of Avaya's business partners.
        43 words
      • 55 28 SINGAPORE-BASED enterprise solutions provider Ecquaria Technologies has won a $4.7 million contract to build an integrated service portal for the Ministry of Communications of Brunei. The portal will host public information for all agencies of the ministry, and will also feature a new e-billing
        55 words
      • 52 28 CISCO Systems Inc has appointed James Yong as director of public sector programmes for Asean. Mr Yong will be based in Singapore. Prior to joining Cisco, he was with technology solutions provider NCS, and was at its NCS Institute looking at strategic directions and thought leadership in
        52 words
      • 69 28  -  Compiled by ROLAND LIM MICROSOFT Corp said Singapore will be the first country in the South-east Asia region where Microsoft will debut Windows XP Media Centre Edition 2005 later this year. The new operating system can be used with Media Centre PC hardware, which
        69 words
    • 1064 29  -  &lt;cool stuff&gt; Get your digital devices to run longer while saving the environment and a tidy sum of money by switching to rechargeable NiMH batteries, advises GEOFFREY PEREIRA GEOFFREY PEREIRA PORTABILITY is a given with almost every device nowadays, from the phone and the camera, to the printer
      1,064 words
    • <what's new>
      • 72 29 SOUTH Korea-based LG Electronics has launched its latest clamshell handset, the F2lOO (right). It features stereo speakers and 3D Engine technology to give users a surround sound experience, LG said. The phone comes with an integrated VGA camera with a built-in flash, a large 1.9
        72 words
      • 55 29 NOVELL Inc has announced Novell Open Enterprise Server, a suite of services that combines Netware and SuSe Linux Enterprise Server. This protects its customers' prior investments in Netware while allowing them to introduce Linux in their enterprise. Prices start at US$995 for a new 5-user licence. For
        55 words
      • 61 29 SINGAPORE-BASED Qool Labs Pte Ltd has launched the first Palm OS 5.4-based smartphone with a 1.3 megapixel camera. The tri-band Qool QDA-700 (above) comes with a 2.8 inch LCD screen, a secure digital expansion card slot and offers multiple language displays, including Chinese. The 139g smartphone
        61 words
      • 91 29 THE Symantec Mail Security (SMS) 8100 and 8200 (below) series of anti-spam appliances have been released. These are designed to cut the volume of spam before it enters the corporate network. The SMS 8100 is targeted at companies with more than 2,000 users and protects up to
        91 words
      • 74 29  -  Compiled by ROLAND LIM FUJITSU Asia has launched its CentricStor Version 3,1 virtual tape appliance (right). The device lets enterprises consolidate their various tape backup solutions into a single device. A new cache-mirroring function offers users improved data security and real-time disaster protection by allowing data to
        74 words
    • 389 29 [WASHINGTON] The supersecret National Security Agency (NSA) warned US President George W Bush in 2001 that monitoring US adversaries would require a "permanent presence" on networks that also transmit Americans' messages that are protected from government eavesdropping. The warning was in
      389 words
    • 307 29  -  By ROLAND LIM US GIANT Hewlett-Packard Company has unveiled a unique "virus throttling" solution that is shipped with HP's Pro Curve range of networking products that are made for global consumption in Singapore. The program runs on the 5300 series of ProCurve switches and helps network
      307 words
  • Page 27 Advertisements
    • 68 27 A# STUFF V action with rechargeable batteries pg 29 Authorized Ontntxjtar OMtar AV-Science Marketing Pto Ltd Office 1 Pte Ltd nKviAm "N 3 Upper Al)unied Link Block B (autxudmry of NTVC Fwrpnco) #08-06 Joo Sang Warehouse The Funan IT Ma* Singapore *****2 *05-25/32 Tel: +65 *****322 Fax: +65 *****511 Singapore
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  • Page 28 Advertisements
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    • 95 29 Datacenter-in-a-Box is a pre-iintegrated infrastructure and IP telephony mm mm* M» JT solution designed for growing enterprises. Get fast relief from your IT V m6//6i "tO YO U T IT* H GdCldCtlOS il headaches from just 551,995 per month with best-of-breed solutions f/ and outsourced services from Cisco Systems and
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  • BizIT FOCUS: ADAPTING FOR BUSINESS
    • 1092 30  -  Companies are looking for ways to build and manage an IT infrastructure that meets their current and future needs, as AMIT ROY CHOUDHURY finds out AMIT ROY CHOUDHURY IN THE new business environment, the role of IT is crucial for the success of
      BLOOMBERG; AFP  -  1,092 words
    • 377 30 HEWLETT-PACKARD is a key player in the integrated support services market. Like other major players, it has a global reach and can execute multi-year support services that take care of an organisation's diverse needs. "HP has been traditionally known to be strong in IT infrastructure
      377 words
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    • 295 30 HwmßMnfl ksl HHH y Pick any OS from only $699* HP integrity RX2620 r henyou ov^ h r ,t isHP High-density form factor provides more performance while R ec j (-j at consuming lower real estate and power HP-UX 11 2 &lt;7 00Q Qpen VMS Processor ,30GHz 36G8 Hot Plug
      295 words