The Business Times, 18 March 2005

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Total Pages: 32
1 32 The Business Times
  • 18 1 THE BUSINESS TIMES t online at http://business-timesasial .com.sg Friday, March 18,2005 1 SINGAPORE 85 cents MICA (P) 089/03/2005
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  • 694 1  -  But MAS economist expects gradual pick-up in second half By ANNA TEO [SINGAPORE] Singapore's electronics output is likely to contract further in the first quarter and remain lacklustre over the next three months, but a gradual pick-up can be expected in the
    Source: MAS  -  694 words
  • 666 1  -  BT exclusive Las Vegas Sands' casino proposal may include one By DANIEL BUENAS [SINGAPORE) Singapore could soon join a select band of cities with their own Guggenheim Museum. BT understands that USbased Las Vegas Sands has included plans to build a local extension of
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  • 276 1 [SINGAPORE] Singapore Post director Tommie Goh maintained yesterday that it was "inadvertence" that was the cause of his failure to make full disclosure of his stake in troubled mobile phone service company Accord Customer Care Solutions. Sing Post intends to invest up
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  • Page 1 Advertisements
    • 15 1 GARUDA BOARD SHAKE-UP Bank Danamon VP named Gisrud h" f Markets Digest on Pg 4
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    • 39 1 Bp HK BUDGET Analysts impressed, but GST concerns remaii^Gi^^^^ BT ONLINE For the latest financial news, currency movements and a 7-day archive, visit .convjg This service is available to subscribers from 4am Singapore time (2000 GMT) each day. n
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    • 55 1 EXEC LIFESTYLE Artistic director flr GauravKripalani's enduring love pg 29 J? YUAN REVALUATION Wider yuan trading band won't affect Ss: MAS PG2 Watch out fqp BT's new 1 "If%Uu)inCii Mccron wjiitunuw ■MR 2Bl^^ESBHHBtaktf^ Ml —««M A I -fl—J M ic 1 r\ Ml| ®^m a via kV7//jifl Bi 11 J
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  • TOP STORIES
    • 155 2 FROM this Saturday, property buyers and executive job-hunters have three more reasons to read The Business Times. Two new housing features appear on BT every Saturday. Landed Properties showcases a range of private property while New Properties highlights new units
      155 words
    • 672 2 Crude hits new highs despite latest Opec move CRUDE oil prices scaled fresh highs 4 yesterday, forcing Opec to consider a second output increase just a day after the cartel's deal to raise supplies failed to halt oil's record-breaking advance. Crude oil for April delivery climbed US$l.O4, or
      672 words
    • 530 2  -  Worries about higher inflation in S'pore are misplaced: official By ANNA TEO [SINGAPORE! Even if the trading band for the Chinese yuan is widened, as economists have forecast, there will be no major repercussions for the Singapore dollar or the exchange rate
      530 words
    • 530 2  -  Tech goods form non-oil shipments' minority in a first By CHUANG PECK MING [SINGAPORE] Non-oil domestic exports in February jumped by a surprising 7.9 per cent from the month before as pharmaceutical shipments rose|te<Sl'.47 billion from $I.o#Bffion. Economists lacvforecast a month-on-month hike
      Source:  -  530 words
    • 646 4 Cartel mulls second output increase if prices do not ease Reuters Bloomberg J LONDON] Crude oil prices fresh highs yesterday, forcing the Organisation of the Petroleum Exporting Countries (Opec) to a second output just a day after the deal to raise supplies
      Reuters; Bloomberg; AP  -  646 words
    • 379 4  -  He is seen to be well-qualified to turn airline around By SHOEB KAGDA in Jakarta BANK Danamon vice-presi-dent Emirsyah Satar has been appointed presidentdirector of troubled national airline Garuda Indonesia a day after State Enterprises Minister Sugiharto fired Garuda's entire 13member board for
      379 words
    • 121 4 □sn 2,159.89 (-9.75) ST INDEX FUTURES 2,***** (-4.00) SIMSa ***** (-0.70) SIMSQ FUTURES ***** (-0.10) MARKETS Thursday Chang* IOSECOMP ♦1.75 MKKE22S 11.T75.5P 47* HANG SENG 13JI7.99 -14.53 SCTMKX 706.53 J01 JAKARTA COMf 1.134.59 -3*4 MANRACOMP 2.100.11 +0.99 SEOUL COMP 980.05 -1>.Q6 SHOOHBO 265.12 -1.06 BOMBAY H® 6,669.52 -77.36
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  • Page 2 Advertisements
    • 146 2 mm b B i Even with the progress and positives that are taking place, bad things will still happen 5 y James Turley, chairman and CFO of Ernst Young, on why he won't be surprised by more corporate scandals post-Enron W W V P?»«i Fi V B 1 A A.
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  • Page 5 Advertisements
    • 76 5 > 1 1 «•,:;•1 ■■■r i a «fe IB HBP jB r^^|V; tW'' Jm -JMBBBUF I I 4i*kt*t's 1 v^'"; V '.-Kr' J& V »V 1 M m ># WMHr wwBF f^^y--* HHKw» j .-IBBfefe#. .s .ibiv J&ST fiagMßi— Wjsmk, ,S :s T^HBni^^Hl^^H^H^HHll^^HHH^^^^^^H jl t3B :^V?^i¥^w- 1 :^HHHHHi^HHH^H <W^Sit^ r
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  • COMPANY NEWS
    • 521 6  -  J Aron says suit has no merit and will defend it 'vigorously' By WONG WEI KONG CHINA Aviation Oil (Singapore) ended up with options portfolios that were worthless, unsuitable and riskier after they were restructured by a unit of US bank Goldman Sachs,
      521 words
    • 472 6  -  By ALEXANDRA HO GAMING might not be the core business of property heavyweights City Developments and Hotel Properties Limited (HPL), they could still benefit if the Government gives the go-ahead for a casino next month. That's according to a report by ÜBS
      472 words
    • 688 6  -  HOCK LOCK SIEW By TEH HOOI LING WHAT'S driving the share price of KS Tech? Since February, it has gone up almost at a 60-degree straight line. The company, which is proposing to change its name to KS Energy Services (KSES) to better
      688 words
    • 42 6 UNIT TRUSTS FUNDS LEGEND: All prices are indicative; Broadly Diversified; Narowly Focused; S Lower Risk Low to Medium Risk: Medium to High Risk;** Higher Risk; open-ended; Before subdivision of units; After subdivision of units; SP after stock split; N.A. Non Dealing Day
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    • 465 7  -  It's seen as seller of EON Capital stake that Khazanah bought this week By S JAYASANKARAN in Kuala Lumpur HONG Kong-based Jardine group, which is listed in Singapore, may have exited the Malaysian banking sector, sources said. They said that Jardine was
      NSTP  -  465 words
    • 300 7  -  Medical technology newcomer's share price falls short of top target By CHEN HUIFEN PSA International and three other Temasek-linked companies have emerged as surprise shareholders of medical device supplier LMA International. As a whole, the Tema-sek-linked entities have spent some $14.7 million acquiring
      300 words
    • 399 9  -  It is poised to use up its Section 44 tax credits with the quarter's total dividend payout By WONG WEI KONG THE Singapore Exchange (SGX) will be paying a net special interim dividend of 15 cents per share on top of
      399 words
    • 489 9  -  By KALPANA RASHIWALA LISTED Sim Lian Group hopes to launch a 330-unit freehold condo in mid-2006 on the 237,939 sq ft Hin Seng Garden site in the West Coast area that it bought last week for $95 million. Much sooner than
      489 words
    • COMPANY BRIEFS
      • 128 9 Capita Land is selling its entire 51 per cent stake in Heliconia Investment—the vehicle through which it holds its investment in the Kiaraville condominium project in Kuala Lumpur to Mezzo Capital. Capita Land owns 19.67 per cent of Mezzo, which it formed with a group of institutional
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      • 118 9 READERS looking for the latest Singapore, regional and world news, ranging from technology, finance, business, health, sports and show business, can find it all on the newly-revamped SPH Asia One news portal (www.asiaone.com). The revamp is not just to enhance Asia One's look-and-feel, said Singapore
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      • 60 9 S1NGAPURA Finance has appointed executive director Jamie Teo Miang Yeow, 32, as deputy chief executive officer. He is son of Singapura Finance's chairman, managing director CEO Teo Chiang Loi>g. Jamie, who was once a senior consultant at Ernst Young, will take care of corporate planning, information
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      • 73 9 ECO Water said its agreement with China Yunnan Tian Long Eco Water Hydro Electric Co to set up a joint venture company in China has been mutually terminated. Eco, which announced the agreement in June last year, said it could only announce the break-up now
        73 words
    • 510 9  -  MAS works out how to accommodate new European rules By GENEVIEVE CUA UNKNOWN to investors here, the investment mandates of the offshore funds they have put money in may get much wider. This is because Luxembourg and Dublin-domi-ciled offshore filnds most of which
      510 words
    • 369 9  -  By SIOW LI SEN DBS Group yesterday said chief executive Jackson Tai received 17,022 performance shares. Last year, he got 10,000 performance shares. The latest share award worth $253,628 based on yesterday's DBS share price boosts Mr Tai's holdings to 107,822 shares, representing a
      FILE PHOTO  -  369 words
  • Page 6 Advertisements
    • 40 6 Dresdner Global Internet Fund Winner of the Sector TMT Global (3Year) Category* and Best Equity Sector Allianz Dresdner Information Technology Fund over 1 Year** Asset Management Source: "Standard Poor's 2005 Singapore Fund Awards A The Edge-Lipper Singapore Funds Awards 2004
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  • Page 7 Advertisements
    • 340 7 ■VnVHIIHI Call toll-free 1800 289 8822 ODIN MARINE SPECIALTY (SINGAPORE) PTE LTD (In Voluntary Liquidation) NOTICE IS HEREBY given pursuant to Section 308 (2) of the Companies Act, Cap, 50 that the Final Meeting of Members of the abovenamed Company will be held at 5 Shenton Way #37-04, UIC Building,
      340 words
    • 163 7 ■■fL* ■pf^j R|g* p Jl iii P9P*f n <m v ip 1 *>• ""'"y ■v.'i %V/,v sf" 1 •> ~:£■s I 4 w "Jr /\> :.M'^ 5;-!f >•■ IBf. I Jx*. r f -rf» I'' ...i-y *V r -o i'• ■'>' wired for performance The Westin Kuala Lumpur The Westin
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    • 22 7 modern luxury A 1 from RM390 including breakfast and 24 hour broadband access f^B The Westin KUALA LUMPUR HOTEL RESI DENCES r
      22 words

  • SINGAPORE MARKETS
    • 525 8  -  STOCKS One theme making the rounds in the market is the casino licence story R SIVANITHY Senior Correspondent TO some analysts, a surging oil price is either the flip side of a weak US dollar or the natural consequence of the "sell the
      Source: Bloomberg  -  525 words
    • Article, Illustration
      862 8  -  Compltal by JOYCE KOH Petra Foods March 17 dose: $1.08 v GK GOH RESEARCH, Mardl 17 PETRA Foods is the undisputed leader of Indonesia's chocolate consumption in Indonesia has been growing at 31 per cent CAGE in the post-crisis years. With robust GDP growth expected for 2005, Petra
      Source: Bloomberg  -  862 words
    • Article, Illustration
      425 8 OTHER SINGAPORE INDICES Mar 17 VALUE CLOSE BT OB/OS -168.00 -63.00 BT CADI -*****.00 -57.00 BT 10-day MA -*****.00 -17.00 All-SG Equities 560.71 -1.48 SG Equities Elect 139.97 -2.44 SG Equities Fin 1616.89 -1.22 SG Equities Prop 568.37 -0.18 SIMSCI 256.34 -0.70 SiMSCI Futures 256.30 -0.10 MOST ACTIVE STOCKS VOLUME
      425 words
    • 528 8  -  CURRENCIES LARRY WEE Senior Correspondent THE US dollar's fortunes again took a turn for the worse in overnight trading, hurt anew by a record trade deficit and more record highs in oil prices. By the Asian close yesterday, the only two good
      Source: Reuters  -  528 words
    • TRADES TO WATCH
      • 95 8 GREAT Eastern Holdings (GEH) and its subsidiaries The Great Eastern Life Assurance (GEL) and The Overseas Assurance Corporation (OAC) no longer have any deemed interest in MFS Technology. This followed the reduction of GEL's and OAC's joint interest in WBL Corporation Ltd
        95 words
      • 159 8 FIRSTLINK substantial shareholder Leadville Pte Ltd has raised its stake in the company to 14.83 per cent (50 million shares), from 9.12 per cent. It paid 14 cents apiece for 10.4 million shares and 15 cents for 8.83 million shares on March 11,2005, in off-market purchases.
        159 words
      • 135 8 LLOYD George Investment Management (Bermuda) made another investment purchase of Raffles Education shares, its third in as many weeks. The investment raised its deemed interest in the private education provider to 8.3 per cent (42 million shares) from 6.54 previously. Raffles Education last month
        135 words
      • 89 8  -  Compiled by TEH HOOI LING LEE Pui Ching, wife of Yong Nam's director Seow Soon Hee, has on Tuesday bought 300,000 Yong Nam warrants in the open market at 1.5 cents each. This raised her interest to 2.7 million warrants or 1.23 per cent
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  • Page 9 Advertisements
    • 18 9 For more information call your travel agent or Royal Brunei Airlines at 6235 4672 or visit www.bruneiair.com BRUNEI
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    • 223 9 jETARY AUTHORITY OF SINGAPORE!! w Approximately 5 years j I Amount Allotted SGD 2,300,000,000 jl unt Allotted to I -Competitive Applications SGD 577,798,000 1 'hich allotted to MAS SGD 400,000,000 j 8 I Amount Applied SGD 3,658,814,000 jl aon Rate 2.625% p.a. j I Cut-off Yield Price 2 J3% p.a.
      223 words

  • SINGAPORE NEWS
    • 568 10  -  This is if a key recommendation of an energy review panel is adopted By CHEN HUIFEN SINGAPORE could have a liberalised gas market by the end of this year, if a key recommendation of the Energy System Review Committee (ESRC) is adopted. The
      568 words
    • 474 10  -  By ALEXANDRA HO WHAT do Tony Tan, Khaw Boon Wan, Lee Boon Yang. Raymond Lim, David Lim and Chew Heng Ching have in common? If you guessed that they are or have been members of parliament and some are cabinet colleagues, you are only partly
      474 words
    • 428 10  -  By ARTHUR SIM IF YOU are waiting for perks and incentives before buying a new property, you might want to check out Singapore Land's relaunch of the Paterson off Orchard Boulevard this weekend. The 88-unit freehold development was first launched in
      428 words
    • 321 10  -  By RONNIE LIM OIL traders here have a new game plan this weekend, after crude shot to record levels nearing US$57 a barrel yesterday. They will still apply the same killer instincts—but to new goals. Just like the big
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  • Page 10 Advertisements
    • 334 10 I WW k i WOftlv .>> KK (nvM,,IMA OM %>■■ 11-20 Mar 05 Don't miss this Wfl *****9 closing weekend of Mosaic! USA Renowned for her adroit handling of J melodies and lyrics, Horn's seductive styie is caressing deliciously comforting. critically-acclaimed jazz chanteuse rare performance as she serves delicious buffet
      334 words

  • ECONOMY WATCH
    • 604 11 But few benefits for the public, and no timeframe for GST was announced Reuters [HONG KONG] Hong Kong's government won praise from analysts yesterday for its much-improved fiscal position but there was concern that it might be delaying plans to lay the framework for an
      Reuters; REUTERS  -  604 words
    • 358 11 Stronger currency expected; brokers favour importers Reuters [HONG KONG] Speculation that China could soon increase the value of its yuan currency is prompting investment banks to raise their expectations for China stocks. Goldman Sachs said a rising yuan would boost book values of
      Reuters  -  358 words
    • 295 11 LATEST US DATA Reuters Bloomberg [WASHINGTON] The number of Americans filing new claims for jobless benefits fell 10,000 last week, largely in line with expectatfons, a government report showed yesterday. Initial claims for state unemployment insurance aid fell to 318,000 in
      Reuters; Bloomberg  -  295 words
  • Page 11 Advertisements
    • 740 11 NOTICE! FOR COMPANIES SEEKING TO ENTER THE EUROPEAN TELECOMMUNICATIONS MARKET t iiiiiiiini Mobile City Bremen I The Doorway to Europe's mobile telecoms market a f ft ft ft I State funding and industry cooperation i::::: i: i 11::::::"::::: f have combined to create a centre or excellence for mobile solutions
      740 words

  • MALAYSIA/INDONESIA
    • 670 12  -  RM1.9b mall not drawing crowds; investors turning doubtful By PAULINE NG in Kuala Lumpur UNLIKE some of the more popular shopping malls in the Klang Valley, Malaysians have ydt to warm to the RMI.9 billion (*****.9 million) Berjaya Times Square. Investors also appear to have
      FILE PHOTO  -  670 words
    • 4 12
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    • 222 12 AP [KUALA LUMPUR] Southeast Asian nations should discard any "misguided notions" of being a self-contained trade bloc and instead improve business cooperation with India. Australia and other crucial trading partners, Malaysia's deputy leader said here yesterday. The 10-member Association of Southeast Asian Nations (Asean)
      AP  -  222 words
    • 373 12 [KUALA LUMPUR] Lembaga Tabung Angkatan Tentera (LTAT), the Malaysian armed forces superannuation fund, may acquire a controlling stake in PSC Industries Bhd (PSCI) if problems over a multi-billion ringgit defence contract persist, the Malaysian Business Times reported Deputy Prime Minister Mohd Najib
      373 words
    • 142 12 AP (JAKARTA] Indonesia's Supreme Court has ruled that a police investigation into five executives of US mining giant Newmont Mining Corp over pollution allegations is legal,, clearing the way for the men to face trial. In December, the South Jakarta District Court ruled
      AP  -  142 words
  • Page 12 Advertisements
    • 1481 12 ■DtHMMH To call toll free 1800 289 8»22 EaMril: noticcsgsph.com sg IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF AEROPATH TECHNOLOGIES PTE LTD COMPANY REG. NO. *****5238E (IN MEMBERS' VOLUNTARY WINDING UP) At on Exlroordinory General Meeting of the obovenomed Company held at 1
      1,481 words

  • GREATER CHINA/INDIA
    • 594 13 Central bank takes more measures to cool sector and protect lenders Reuters AP [BEIJING] China's central bank warned yesterday that soaring property prices posed a risk for lenders, a day after it unveiled steps to cool the hot sector, which has defied
      Reuters; AP  -  594 words
    • 55 13 [MAHABALIPURAM] Officials of the Archaeological Survey of India and labourers work at an excavation site here on March 13.2005. The ruins of several ancient temples, which according to the locals are part of local folklore and legend known for generations, were unearthed by the receding tidal waves
      AP  -  55 words
    • NOTE BOOK
      • 80 13 Bloomberg [HONG KONG] Cheung Kong Infrastructure Holdings Ltd, a roads and utility company owned by billionaire Li Ka-shing, said its profit rose 6.2 per cent last year. Net income increased to HK53.56 billion (SS74O million), or HKSI.SB a share, from HK53.35
        Bloomberg  -  80 words
      • 102 13 Bloomberg [KUALA LUMPUR] Titan Chemicals Corp, Malaysia's biggest petrochemical company, may raise about RM9SO million (Ss4os million) in the country's biggest IPO in 18 months, bankers involved in the sale said. Kuala Lumpur-based Titan plans to sell 438 million new shares, about
        Bloomberg  -  102 words
      • 69 13 Bloomberg [JAKARTA] Indonesia plans to build two gas pipelines for six trillion rupiah (Ssl .04 billion) on Java island and wants offers from construction companies by March 30, a government official said. Sumitomo Corp and Mitsui Co have said they may
        Bloomberg  -  69 words
      • 80 13 Reuters [BOMBAY] Indian television show producer and film distributor UTV Software Communications Ltd (UTV) made a strong debut on the Bombay exchange yesterday, rising as much as 30.8 per cent in early trade. Rising advertising revenues in children's programming and a healthy
        Reuters  -  80 words
      • 79 13 Reuters [HONG KONG] Commonwealth Bank of Australia Ltd, the country's second-largest bank, is eyeing small acquisitions in India to tap one of the world's fastest growing markets. India's booming loan growth has become too big for Commonwealth to ignore as it turns its attention
        Reuters  -  79 words
    • 235 13 IHT [MUMBAI] The Indian government is placing a long-range wager that an increasingly prosperous population can be coaxed to part "at least physically" with its boundless hoards of gold. A policy floated recently would allow Indians to buy virtual, or "paper" gold in
      IHT  -  235 words
  • Page 13 Advertisements

  • ASIA-PACIFIC/WORLD
    • 394 14  -  It's in talks to buy part of Bluewater Shopping Centre near London By JEAN CHUA THE Government Investment Corporation of Singapore (GIC) was reported yesterday to be in talks to buy part of Britain's huge Bluewater Shopping Centre for about £330 million (Ssi.o3
      394 words
    • 358 14  -  SMG Australian bid falters as it looks to New Zealand offer By AL LABITA in Manila San Miguel Corp's .(SMC) A 51.78 billion (552.29 billion) takeover bid of Australia's largest listed food company appears to be faltering as the Philippine corporation is instead looking at
      BLOOMBERG  -  358 words
    • WORLD WATCH
      • 72 14 Reuters [NEW YORK] JPMorgan Chase Co on Wednesday agreed to pay US$2 billion to settle a lawsuit accusing it of hiding risks from World Com investors when the bank helped the company sell bonds. It is the last major financial institution to settle the class-action
        Reuters  -  72 words
      • 79 14 AP AFP [PARIS] US President George W Bush's nomination of US Deputy Defence Secretary Paul Wolfowitz to lead the World Bank met with reactions that ranged mainly from official reserve to outright denunciation, but there was some support International bodies worried about the nominee's hawkish
        AP; AFP  -  79 words
      • 60 14 Bloomberg [LOS ANGELES] Wynn Resorts Inc. the casino company led by Stephen Wynn, plans to build a second resort in Las Vegas. It will put the US$l.4 billion resort, called Encore, next to its new Wynn Las Vegas hotel, set to open
        Bloomberg  -  60 words
      • 64 14 Bloomberg [NEW YORK] Goldman Sachs' fiscal Q1 profit rose 17 per cent to US$l.5l billion, or U552.94 a share, compared with a record US$l.29 billion, or US$2.5O a share, in the year-ago period. Morgan Stanley's profit meanwhile climbed 19 per cent to US$l.5 billion,
        Bloomberg  -  64 words
  • Page 14 Advertisements
    • 66 14 An Exclusive One-Night-Only Dinner Performance Not To Be Missed! The Raffles Ballroom, For bookings, please call u«e p«2ctiw« www limujguctions com Raffles City Convention Centre, LAMC Productions at 6324-0764 w The Stamford, Level 4 (individual bookings included) MdBH (X) o- x- »«»ja h« Official Car W O Dinner, followed by
      66 words
    • 15 14 I I Lianhe Zaobao m I I and southern I IChinese cities I I mmtt*
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  • WORLD
    • 346 15 Bank pursuing five-point plan to develop stronger internal controls Bloomberg [NEW YORK] US Federal Reserve officials have told Citigroup Inc to delay any takeover plans until the company tightens internal controls and improves its standing with regulators. The Fed wants Citigroup executives to
      Bloomberg  -  346 words
    • 210 15 NYT [NEW YORK] Viacom said on Wednesday that it was weighing'a plan to divide its businesses into two separate public companies, a move that would unravel years of empire-building by chief executive Sumner M Redstone, while resolving the company's succession issues. One company, led
      NYT  -  210 words
    • 490 15 Reuters NYT [NEW YORK] US credit ratings agencies Standard Poor's and Fitch on Wednesday moved closer to cutting General Motors Corp's debt ratings to junk status after the company slashed its 2005 earnings forecast. The world's largest car maker
      Reuters; NYT  -  490 words
    • 390 15 AP Bloomberg [NEW YORK] Profit at the New York Stock Exchange was halved last year as expenses rose. But bonuses awarded to the Big Board's co-chief operating officers more than doubled. Net income slumped to a 13year low last year of U5524.6 million,
      AP; Bloomberg; AFP FILE PHOTO  -  390 words
  • Page 15 Advertisements
    • 1060 15 ComforiDelgro COMFORTDELGRO CORPORATION LIMITED (Incorporated in the Republic of Singapore) (Co. Reg. No.: *****0002K) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Second Annual General Meeting of the Company will be held at the Auditorium, ComfortDelGro Headquarters, 205 Braddell Road, Singapore *****1 on Friday, 29 April 2005
      1,060 words
    • 1139 15 SBSjransit SBS TRANSIT LTD (Incorporated in the Republic of Singapore) (Co. Reg. No.: *****6653 M) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Twelfth Annual General Meeting of the Company wi be held at the Auditorium, ComfortDelGro Headquarters, 205 Braddell Road, Singapore *****1 on Thursday, 28 April
      1,139 words

  • AVIATION
    • 632 16 Shocked victims' kin call for public inquiry into crime and investigation Reuters [VANCOUVER] A Canadian judge cleared two Sikh militants on Wednesday of involvement in the 1985 bombing of an Air India jetliner over Ireland's Atlantic coast, history's deadliest bombing of a
      Reuters; AP  -  632 words
    • 360 16 Bloomberg [BRUSSELS] Airlines will have a tough time meeting a forecast of US$l.2 billion in profit this year as record fuel prices challenge the industry's attempt to reverse four years of losses, the International Air Transport Association said. "I would have to
      Bloomberg  -  360 words
    • 398 16 Air France is also expanding its service to Asian destinations Bloomberg [TOULOUSE, France] Air France-KLM Group, Europe's largest airline group, is boosting seating capacity on flights to North America by 10 per cent starting in April to attract more transAtlantic passengers. Air
      Bloomberg; AFP  -  398 words
    • 209 16 AFP [BEIJINGJ A fledgling private Chinese airline plans to offer luxury business travel between the capitals of South-east Asian countries to Yunnan province, state press said yesterday. Ying'an Airways hopes to launch its maiden flight in June, flying a 19-seat YI2E business
      AFP  -  209 words
    • 317 16 AFP [SYDNEY] Qantas Airways' move into the burgeoning Asian budget airline market has failed to gain traction, with its 49-per-cent-owned Jetstar Asia conceding it may have to lease out part of its aircraft fleet. Qantas spokesman, Michael Sharp, told yesterday's Sydney Morning Herald
      AFP  -  317 words
    • 359 16  -  By LIZA LIN [SINGAPORE] European network carrier Lufthansa German Airlines is the latest to join other airlines in delivering a rosy forecast for the Asia-Pacific region. Uwe Mueller, vice-presi-dent of the Asia and Pacific operations of Lufthansa, yesterday said that barring any
      359 words
    • 397 16 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:
      397 words

  • SHIPPING
    • 145 17 Bloomberg [SAN FRANCISCO] Seacor Holdings Inc has agreed to buy Seabulk International Inc for about US$532 million in stock and cash in a merger of oil tanker operators. Seacor will also assume about US$47l million in Seabulk debt, Seabulk said in a statement.
      Bloomberg  -  145 words
    • 709 17  -  ADMIRALTY CASEBOOK By SELVA KUMAR A SHIPOWNER that time chartered its vessel on terms that included very wide geographical trading limits could not later ask the charterer to pay to remove barnacles from the vessel's hull, an English court ruled last month. The
      709 words
    • 520 17  -  M'sia reiterates position that 3 littoral states are solely responsible for Malacca Strait By DONALD URQUHART [SINGAPORE] Concerfi over maritime sovereignty has again scuttled outside offers of help in fighting piracy in the vital Malacca Strait after Malaysia reiterated its long standing position
      AFP  -  520 words
    • PORT SHOTS
      • 120 17 Bloomberg [LOS ANGELES] General Maritime Corp, the secondlargest US-based owner of oil tankers, said the US government is investigating a possible illegal discharge of waste oil in international waters by one of its vessels. US Coast Guard officials took logs from the Genmar Ajax
        Bloomberg  -  120 words
      • 56 17 Reuters [ISTANBUL! Turkey's Bosphorus shipping channel, which links the Black Sea with the world's oceans, was closed on Wednesday for the second consecutive day because of heavy fog. The Bosphorus and Dardanelles are the only sea outlet for vessels carrying oil, grain and other commodities
        Reuters  -  56 words
  • Page 17 Advertisements
    • 804 17 IN THE MATTES OF THE COMPANIES ACT, CAP. SO AND IN THE MATCH Of IMV ASIA PACIFIC PTE ETD (In Members' Voluntary Liquidation) Company Rag. Noj *****3441Z NOTKE OF RESOLUTIONS Al an Extraordinary General Meeting of the Company Md at Via Content. CH-6595 kkiizkk} jwirienana an nn oaj W March
      804 words
    • 914 17 Notice off the Fifteenth Annual General Meeting NOTICE IS HEREBY GIVEN THAT the Fifteenth Annual General Meeting of the Company will be hdd at Societe Generate Asset Management (japan) Co., Lid., Legal and Compliance Department 5-1 Kabuto-cho, Nihonbashi, Chuo-ku, Tokyo 103-0026, japan on Thursday 7th April 2005 at 11.00 a.m.
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    • 1067 17 advanced HlMmh (Cowpany Registration *****18S6N) NOTICEIS HBtSY GIVEN that the tonual General Meeting of ADVANCED HOLDINGS LUX will be heM at Rooms 3 and 4,0C8C Executive CWx 65 Chutia Street, OCBC Centre, «3-01, Singaporeo49sl3 on Monday 4April 2005 at 10D0 am to transact the Wkawing businea AS ORDINARY BUSINESS 1.
      1,067 words

  • EDITORIAL & OPINION
    • 528 18 EDITORIAL Prime Minister Abdullah Badawi's expressed interest in reviving agriculture in the country may have had an unexpected fillip following recent events in the farming town of Ulu Yam, north of Kuala Lumpur. A group of farmers who had been cultivating some 600 acres there for decades
      528 words
    • 788 18  -  THE BOTTOM LINE THOMAS FRIEDMAN NYT BUSH officials have always been eager to pose as the tough guys willing to make the tough decisions. On Iraq and Afghanistan, they did. But when it comes to China, the Bush administration is engaged in one of
      NYT  -  788 words
    • 1201 18  -  The Central-Asian country offers investment-friendly policies and a gateway to the region By ADIL TURSUNOV N Feb 18, Kazakhstan President Nursultan m Nazarbayev read his annual address to the H nation and delivered a M M landmark document worthy of note by foreign
      FILE PHOTO  -  1,201 words
    • 1258 19  -  With deep divisions among the Shi'ites, Sunnis and Kurds still unresolved, will the US be drawn into a low-level civil war? LEON HADAR Washington Correspondent THAT Iraq's elected parliament began its opening session in Baghdad on Wednesday amidst a series of explosions that
      REUTERS  -  1,258 words
    • 851 19  -  By JACQUELINE BEST International Herald Tribune IN her opening remarks at the confirmation hearing before the Senate Foreign Relations Committee, Condoleezza Rice claimed that one of the central goals of the Bush administration was to "create a culture of transparency" as a part of its new strategy
      International Herald Tribune; REUTERS; AFP  -  851 words

  • Page 19 Advertisements
    • 533 19 S'olices FORM 55 (Rula 112) NOTICE OF MEETING (GENERAL FORM) In the Matter of tha Companies Act, Cap 50 (Raviaad Ed. IW4) And In tha Matter of FORWARD INTERNATIONAL SINGAPORE PTE LTD (In Court Winding Up) Take notice that a meeting of creditors and contributories in the above matter will
      533 words

  • 3797 20 STRAITS TIMES INDEX STOCKS Stodc amm Wt dw ttwgi Stodi Mt m Oo— Ch—* Allgreen 50c 0.31 1.170 -0.010 NOL 2.69 4.020 -0.060 BIL Intl US20c 0.50 1.140 *0.010 OCBC 9.64 13.800 -0.100 CapitaLand 1.65 '2.620 +0.040 Partway Hldgs 25c 0.70 1.600 -0.030 Chart SemiCond 26c 0.78 1.100
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  • 2866 21 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local am la tt in Ui$ dy r dy %yr MltU lnd»« Ch«lQ« Chang* Chung* Oianyt Ch«ng« Worid indeat Whninarf 857.9 -07 _<L6 -Q& M M 0-3 t £AFE Preliminary J9R0 -0.8 33 <L3 1J -0-1 21 Europe Puliminafy 1095.0 -U 34
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  • Page 22 Advertisements
    • 1899 22 I TO USA/CANADA I I EXPORT I I OTHER DESTINATIONS I vtssa Ivor I pro leta sw| long hkhldauas |housion I memphb IORtAGOI new york Ij" TO AUSTRALIA (AUSTRALIA ASIA EXPRESS! 1 OOCLMINGBO OKU 15/03 li/03 I (MM 07/04 01/04 04/U4 04/04 09/04 ytsstl VO~ "nTsST PKG FRE ONE SYP
      1,899 words
    • 704 22 IINHRASIA BOKO SERVICE VBSa/VOT IMWD HBGHTtM) WC KCH IP I SM I JKT STMITS VEMTUIf 07/05 15 3.7 25-24/03 21/03 01/04 04/04 04/04 sium vßmjtt oi/os is 3.1 01-01/04 11/04 |smnsvßiTUttW/os is 3.? 20-21/04 23/04 21/04 01/05 ovos jAUSTRAUAN RORO SEKVKi 1 vßsa/vor ummt tcGHtoo 10 ism jkt m stp
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  • Page 23 Advertisements
    • 1000 23 arangtofshrongiiKxfcslotnsuJJifaSjrni^^ Norft Amrico, Europ«, Jopon, Asia, Africo Oc»qroa. .I!, iin —I Ml Mil.,".m mm u i I M i"v i I Also accMt krtrrAsii Urms ft: BUSAM KWANGYANG SHANGHAI YAHHAH MAIM QMSMO jBJKKMty JAIUtfU/SUtAAAYA KAOHSIUWG lAMGBOX LAIM CHAIAH6 mXMMNH fASK GUPAM6 PBIAH6 PORT KfIAMG For Schedules, BL Searches, and Container
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    • 654 23 ®> acsaa&o WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AMD WESTERN ICD POINTS vtssa VOT Ipjiuii6|cou»io|m.swv* COIOtMO MJO ACOPTW6 PQ. TO COOBi TUIKOKM (Vl* COtOMO) AND KANMA GO* (VIA N 9CVA) OONNKTMG MOIMB V9S TO MOK (FBOSTOWi WTTHttAH HA—6) AMP tAST COAST USA (WW TOW. NOtTWOtf t (HAHgTON)
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  • Page 24 Advertisements
    • 674 24 UJW WALLENIUS WILHELMSEN website: http://www.2w9lobol.com VtSSCI VOT IK MAO HOIK RUA SAY lAI ORE NYC NEW MO» TALISMAN AFSO6 320T0w IMM lIN PORT 17/04 21/04 25/04 24/04 27/04 TARONGA Afso7 3201 mi 6.25 M 01/04 22/04 30/04 04/05 01/05 07/05 10/05 IAHOU AfSOt 400'hw 6.30 09/04 04/05 13/05 17/05 21/05
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    • 1226 24 VESStI VOY SjN POU JfßSfl HI Si H ayifflt.' -ss mS -M—] PACBANOA 1427N 16/03 17/03 wnu Hit 20/02 22/02 PACBANOA Um~ 11/03 11/03 cy 2301 oow i«/o3 n/03 PACBANOA 14 29* 1»/03 20 oT" 1 VKSfI. SflH &H Ml ry 2301 0096P 20/03 22/03 IMPO tXP I lfiffl 20/03
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    • 609 24 BSA x MYANMA 888 FIVE STAR LINE (Myonmor National Line) Loading for Yang on VESSEL VOY SIN PEL PEN PGU PAGAN 341W SID HPA-AN 330W SU> IN MALAYSIA: lOUSTEAD SHIPPING AGENCIES KUL/PRL: 03-*****348 PEN: 04-*****15 MKKL. ACCEPTINa CONVENTIONAL C6O HKG SIN HKG SIN PGU PEL KUC LION HEART IN SID
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  • Page 25 Advertisements
    • 1251 25 n f\ S pore Ayah: IAI SUffH Amky (S) PH U4 (q MO: **********0Z)I \ml (If IM C*J W11H53 ImU lot M*> Siafapare *****4 cr-nterasia JL*ities \nmMum f® *****433 WaMta: www.i«t»f»>■»-«.«— SUPEH EXPRESS SERVICE TO HONO KONO JAPAN uma Wtr oa tM s«g w T m m m W MOL
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  • ESPLANADE
    • 253 27 March 18, Friday Esplanade presents Mosaic Music Festival Youssou N' Dour Putumayo World Music Special Concert by Youssou N'Dour and The Special Etoile/Senegal, Africa Esplanade Concert Hall 7.30pm (140 mins with intermission) Tickets: $48 to $108 March 18, Friday Esplanade presents Mosaic Music Festival Putumayo World Music!
      253 words
    • 622 27  -  MOSAIC MUSIC FESTIVAL A coming out party for Singapore, says KANNAN CHANDRAN KANNAN CHANDRAN TILL today, Dan Storper is still unsure as to the exact meaning of "Putumayo", the name of the clothing label he started in 1975 that evolved into a world music
      622 words
    • 427 27  -  By KANNAN CHANDRAN WITH its alternative billing as a festival of celebrations, Mosaic Music Festival lived up to its patchwork name. The celebration opened on a lively note, with James Moody turning 80 onstage, complete with cake, and you got to eat it
      427 words
  • Page 27 Advertisements
    • 255 27 ■v dMnejazz. JE. <75 with no *wom's tsat» /a impe<S^4^oom^on M« accept it as pure gospel." vmmtyfm 1W inclusive of siting fMt eg ry) j3| W^^ jjjjj ■pe Bi HI T.T.'fSf. m ■cpSngl HP by The Cana ian Brass/Canada whs Playing to sell-out houses all over the world, the Canadian
      255 words

  • ENTERTAINMENT
    • 291 28  -  CINEMA By PEPPER LEE TAKE away the loud and overbearing soundtrack, and what you have left is 110 minutes of charmless cinematic cliche. Whatever attempts made to spruce up a stock plot like a chaotic sub-plot simply leaves Hostage fraught with unresolved gaping holes. Bruce
      291 words
    • 450 28  -  DVD By PEPPER LEE We Don't Live Here Anymore Directed by John Outran BEHIND every fancy dinner and champagne-fuelled giggle lies seething discontent, deceit and oh, your typical not-so-happy marriage. We Don't Live Here Anymore chronicles the disintegrating unions of two couples English
      450 words
  • Page 28 Advertisements
    • 1141 28 PI ROYAL BANK B§H OF CANADA ■K4?fSi FINANCIAL STATEMENTS FOR THE FISCAL YEAR ENDED OCTOBER 31, 2004 Consolidated Balance Sheet Consolidated Statement of Income (in millions of Canadian dollars) (in millions of Canadian dollars) October 31, October 31, Year ended Year ended 2004 2003 October 31, October 31, Assets 2004
      1,141 words
    • 127 28 1 JMM 1 I I I < Bose Lifestyle* 48 mfTWIL Bose Lifestyle* 38 FWfIWU. DVD Horn# Entertainment System PRICE DVD Horn# Entertainment System Jewel cubes* V|fSP9JPV| Retail $7,396 Retail 55,596 SA-3 m Acoustimass* 5 sin RC3BS rbcu.lV inl. Lifestyle* Stereo Amplifier W Speaker System T Remote Control P" O5
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  • Page 28 Miscellaneous
    • 205 28 CRYPTIC CROSSWORD DOWN 1 Jack with a French city girl (6) 13 From Beirut Joe and I removed YESTERDAY'S SOLUTION 2 Reason to go about half-time jewellery (10) Across: 1 Maceration, 6 Epic, 10 (6) 15 Attack on something funny in y ire( j 1 Dreariest, 12 Carry out, 13
      205 words

  • PERSONAL STYLE
    • 1334 29  -  Artistic director Gaurav Kripalani tells PARVATHINAYAR he wants Singapore Repertory Theatre to be around, 50 years from now PARVATHI NAYAR WHILE being interviewed in 2001, Singapore Repertory Theatre's (SRT) outgoing artistic director Tony Petito spoke fondly of the kid with a burning passion for theatre:
      CHRIS LOH  -  1,334 words
  • Page 29 Advertisements
    • 96 29 "^v f g y y The Nokia 9300 Network in style. J(f?^**^ The Nokia 9300 Smartphone is a sleek, stylish and stunningly compact object of desire. Open it up, however, and it transforms into a powerful business tool. Which proves that networking isn't just a skill, it's an art too.
      96 words

  • ARTS
    • 582 30  -  SINGAPORE SEASON Singapore Dance Theatre had all the right moves on opening night, says CHEAH UI-HOON in London CHEAH UI-HOON THE Singapore Dance Theatre (SDT) outdid itself at the opening night of its performance at London's Peacock Theatre on Wednesday, giving a luminous performance to
      582 words
    • 510 30 MUSIC IF she hadn't gone intq singing, singer-songwriter Bebel Gilberto might have been an actress. The former teenage actress recalls her acting days with fondness, although it's "some 15 years ago," she chuckles warmly over the phone from her home in New York.
      510 words
    • 319 30  -  By PEPPER LEE JUDGING from its line-up of illustrious big names, there is little doubt that Mumbai Masti is holding nothing back to deliver a "Masti" (fun) evening of musical hits on Mar 26. Audiences can look forward to meeting the best of
      319 words
    • 451 30  -  By CHEAH UI-HOON [LONDON] Flushed with the preliminary success of Singapore Season in London, the government is now set to continue on this track of "cultural diplomacy" to present the creative side of Singapore to the world, said Lee Boon Yang, Minister for Information, Communication and
      451 words
    • 402 30  -  LIFE THEATRE AWARDS By PEPPER LEE THE theme of this year's Life Theatre Awards, which paid uh, oom-age to the best of local theatre, was you guessed it all things Zen. But while the evening's dress-code was understated, with loose-fitting white shirts being the men's
      402 words
    • 355 30  -  DANCE By PEPPER LEE WITH each Lord of the Dance show using up to 3,000 amps of power, you know it is going to be one electrifying, highly-charged experience. So it's cause for celebration when creative director Michael Flatley wunderkind of tapdance
      FILE PHOTO  -  355 words

  • COVER STORY
    • 1908 31 The director of the Guggenheim Foundation tells PARVATHI NAYAR about the good that comes from its museums IF George Lucas had contemplated a power-broker character from the highest echelons of the Art World for his Jedi Council, he couldn't have done much better than Thomas Krens in
      CHRIS LOH  -  1,908 words
  • Page 31 Advertisements
    • 94 31 wtti A i. i a Diners Club Credit Card To apply, call: 6416 0980 Where to wine, dine and entertain... 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
      94 words
    • 125 31 m 1 IA Si Ckm In lit latum! 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.
      125 words
    • 118 31 Singapore Herbage Street Fare Featuring Back To The 60 s Hawkers' Food For Brunch Jk High Tea Every Saturday, 11.30 am to 4pm Remember the good oT days when Beach Road was once famous for its delightful hawker fore? Cafe Plaza now brings back these nostalgic heritage flavours evety Saturday.
      118 words
    • 3 31 N— V' <ste>cZ)(Z-M3Z'£5X3
      3 words
    • 79 31 Arguably the BEST selection of TOP Australian wines in Singapore < ide/ C Vi^ne' Tet 9B7b2h99 97b65I' 7 y MERITUS MANDARIN SINGAPORE BUFFET DINING AT ITS BEST Fresh oysters, detectable lobsters, savouiy hooeyglazed ham, US Prime Rib of Beef and many more mouth-watering dishes to leave you spoilt for choice.
      79 words

  • executive lifestyle
    • 622 32  -  off the cuff jaime ee HUMAN behaviour has become so puzzling that I had no choice but to invoke the spirit of Sigmund Freud to help me to explain why there are so many road bullying cases nowadays. "Dr Freud, what is happening?
      622 words
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