The Business Times, 22 March 2005

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Microfilm: NL26150
Total Pages: 30
1 30 The Business Times
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  • Title Section
    Lock icon Masthead
    15 1 THE BUSINESS TIMES Tuesday, March 22,2005 SINGAPORE 85 cents online at .com.sg MICA (P) 089/03/2005
    15 words
  • Article, Illustration
    Lock icon SingPost, chairman helping in a CAD probe
    437 1  -  But investigation is unrelated to the company's affairs By WONG WEI KONG [SINGAPORE] Singapore Post and its chairman, Lim Ho Kee, are helping the Commercial Affairs Department (CAD) with an investigation —just a fortnight after Sing Post announced its controversial investment in troubled
    437 words
  • Article, Illustration
    Lock icon S'pore private housing developing into two-tier market
    700 1  -  High-end projects looking more vibrant than the mass market By KALPANA RASHIWALA [SINGAPORE] A two-tier market is expected to develop in Singapore's private housing sector this year. Mass-market projects catering to price-sensitive buyers are expected to plod along with only moderate price growth
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      48 1 HS HOCK LOCK SIEW C Leng Seng's M&C hotels could rise Down Under SME BT ONLINE MARKETS Access to BT Online is free after 6pm each day. But print subscribers can access our online news DIGEST PG 2 anytime. Call 6388-3838 to subscribe and activate your online account
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      11 1 CHINA A boon for Asian businesses PG2 11l 8 "887 8r*****4
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      71 1 PIRACY Kidnapped crew of Japanese tugboat freed pG2i v Hj^^ J Ifc jkBF" Bhtt W mJ *dP*~ ,fIF r Man's Classique wristwatch In 18-carat white gold Self-winding movement. Retrograde small y %fis 2WfT///?/(^ > seconds and powar-raserve indicator. Off-centred chapter ring. Silvered gold dial, hand-engraved V—t?(^€c^p^/ on a rose-engine. Sapphire
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      7 1 COMMENTARY America's CEO pay racket PG 23
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  • TOP STORIES
    • Article, Illustration
      Lock icon Mid-sized S'pore firms cash in on China boom
      627 2  -  Survey finds 1-in-5 has mainland presence, one of highest in region By CHUANG PECK MING [SINGAPORE] China's economic boom is a boon for many businesses in Asia and Singapore's mid-sized businesses are among the top gainers, according to an international survey. One-in-five
      Source:  -  627 words
    • Article
      Lock icon Correction
      72 2 IN yesterday's report, "High oil prices a windfall for some S'pore directors", we said NOL chief executive David Lim would be sitting on $1.09 million in paper gains from stock options for 600,000 NOL shares granted to him last Nov 1. NOL has pointed out that Mr Lim had
      72 words
    • Article
      Lock icon SGX planning futures contract on Indian index
      376 2 FT report says it's also working with compilers of FTSE indexes [CHICAGO] The Singapore Exchange (SGX) plans to introduce a futures contract on an Indian stock market index, the Financial Times reported yesterday. SGX is also working with the compilers of the FTSE
      376 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      609 2 Mid-sized S'pore firms cash in on China boom CHINA'S economic boom is a boon for many businesses in Asia—and Singapore's mid-sized businesses are among the top gainers. One in five of the Singapore companies polled have a presence in China, among the highest in the region, says a
      609 words
    • Article
      Lock icon MARKETS DIGEST
      134 2 STI 2,***** (+3.03) ST INDEX FUTURES 2,175.00 (+5.00) siMsa 259.08 (+0.75) SIMSa FUTURES 259.60 (+2.40) MARKETS Monday Chang* KLSECOMP 885.62 -8.38 NIKKEI 225 dowd HANG SENG 13.834.35 +5.98 SET INDEX 705.03 -6.37 JAKARTA COMP 1.151-55 +3.68 MANILA COMP 2.033.78 -16.50 SEOUL COMP 979.27 -0.45 SHENZHEN B 263.65 +2.04
      134 words
    • Article, Illustration
      Lock icon Moves to whet appetite for bioscience IPOs
      671 3  -  Industry prefers phased approach to listing them By CHEN HUIFEN [SINGAPORE] The bioscience industry hopes that listings by medical technology (med-tech) companies such as LMA International and Biosensors International could help stir more investment interest in local-ly-based life sciences companies. "What I'd like
      671 words
    • Article
      Lock icon Britain plans to introduce Reits next year
      475 3  -  Budget's effective tax increase hits property shares By NEIL BEHRMANN in London THE British government aims to introduce real estate investment trusts (Reits) next year, but preceding that will be the first issue of 50-year UK Treasury bonds as the government takes advantage
      475 words
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      308 2 "^r 005 Financial Reporting Meritus Mandarin Singapore Update Seminar |k Mandarin Ballroom II 111 ,V? 1 Registration/enquiries There are many changes in accounting rules that come into ra K (65) 6428*6954 effect for financial years beginning on or after 1 January 2005. Fax. (65) 6532 7662 For calendar-year companies, that
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      39 2 0 La <•-- r 3 FIND THE ONES "M" tniffffi Recruit the right people (through The Straits Tines Recru*.< 3 L I Call 1800 289 8822 or email! V 1 1 j recrult®sph.com.sg /--J f-J tsadwrtlse. r ixlH isj£ <-' (Q
      39 words
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      101 3 Our qualified professionals ■Ka/ A J can assist you with offshore structures, shelf companies vj^X^Hj and incorporations in ALL jurisdictions including: British Virgin islands Cayman Islands Bahamas Mauritius BbHhHmHHBHHHHHIIH Hongkong Samoa Full nominee, management, secretarial, banking and corporate administration services are available. We also specialize in offshore trusts for assets
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      206 3 ri m yl Only Sing Tel 3toGy allows you to enjoy real-time video chats in more ways than one. Be part of the moment. Now you can show eractty how. you feel, thanks to reaßfme video chats on your 3G mobile phone or video phone. A video call lets you
      206 words
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  • SMEspotlight
    • Article, Illustration
      Lock icon Spending big on infotech
      564 4  -  BT exclusive Local SMEs are expected to outspend their US and Australian counterparts this year, especially in security and data storage, reports RAJU CHELLAM RAJU CHELLAM INFOTECH investments by Singapore small and medium enterprises are set to outpace those of their counterparts in America and Australia
      Source: Access  -  564 words
    • Article, Illustration
      Lock icon SMEs look to Internet telephony to cut costs
      386 4  -  By RAJU CHELLAM INTERNET telephony is set to get a big boost from SMEs (small and medium enterprises) in Asia and worldwide this year, as more of them use the Internet for phone and fax calls to cut costs. The key technology
      386 words
    • Article, Illustration
      Lock icon Credit bureau launched to speed up SME loans
      498 4  -  By NANDE KHIN SMALL and medium enterprises (SMEs) will find it easier and faster to get loans with the launch of a central database that collects credit-related information. This SME Credit Bureau which was launched yesterday aims to make the credit history
      FILE PHOTO  -  498 words
    • Article, Illustration
      Lock icon Medi-Flex in a hurry to expand
      1028 6  -  SMALL CAPS Disposable rubber glove maker wants to triple its capacity to meet rapidly growing demand, reports JOSEPHINE TAY JOSEPHINE TAY THINGS are certainly looking up for Malaysia's Medi-Flex Ltd, which was listed on Sesdaq at 20 cents per share on Nov 10 last
      PHOTOS BY ARTHUR LEE  -  1,028 words
    • Article
      Lock icon Investors choosing to play it safe witn defensive buys
      384 6  -  By TEH HOOI LING WITH market sentiment weighed down by high oil prices and interest rates, investors continued to flock to defensive stocks and shun smaller and hence deemed-risky stocks. For the week to yesterday, the Straits Times Index (STI) edged
      384 words
    • Article
      Lock icon Looking beyond local shores
      1515 7  -  CONNECTING BUSINESS WITH HSBC Singapore companies now regard internationalisation as essential to survival. CHEN HUIFEN finds out the challenges SMEs face and where they can turn to for advice CHEN HUIFEN Q: Going regional and global has now become a natural part of Singapore's economic evolution.
      1,515 words
    • Article, Illustration
      Lock icon Tapping the foreign student market
      745 7  -  By LIZA LIN WHEN Shah Ashlesh, 22, completed his high school in Gujarat, India, he took a pragmatic view of his future. "Due to overpopulation and unemployment in India, even people who are highly qualified don't get jobs. If I could get an international degree,
      ARTHUR LEE  -  745 words
    • Article
      Lock icon Stansfield: Time not right for IPO
      330 7 THE Stansfield Group, says that the time is not right for an IPO launch, despite plans last year for a listing this year. "We are going in that direction but we want to get things right first," said Michael Cope, deputy chief learning officer
      330 words
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      1230 4 To call toll tree 1800 199 8822 /1—fl: Dotke»o»phco».tg A+Sonic aerospace A-SONIC AEROSPACE LIMITED (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an EXTRAORDINARY GENERAL MEETING of the Company wfll be held at 168 Robinson Road, Capital Tower, Level 9 FTSE Room,
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      77 5 BBi j^H^bhhhhh :v* j^^^B^^^Bß^PlPll^Bb r-'^^^BRR raragffiffiHHMW tl |gißHp.; t -w j *<«■ ■r 1 H| HIHHHP^'' > },l <- fv© ij^_ m Hi B ''S|L <H 11 Bl s 1 K *"1i '9 W^^BB ■■pilte t^ ■4 -^BP^I^^^BBI^^BI^B^B^B^^^^BIBB^I^BI^^B^BBIBB^^BI^BB^^BBBB^^^^^BBiB 4? t :i > ate v > ji j: '^s^S^st^Hbstss*!)-'*-' j-I '^®^^^Ss'--®ft*'^^^'
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      21 6 HOT IPO Get more investor interest. Place your IPO notice in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. Notices
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      52 6 -f-> FIND THE OKES THAT FTf! v i Recruit the right peopte through The Straits Times Recruit 1) S C—l—-j C 1 C«» 1800 289 8822 or email reciui»s|jli.coiiug to advertfce. 1 i \y J Irs r" J .1 ci fiWHsrn o i u -j lawani i iS Ml i
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      396 6 To «dv«rtl»c cri! toll fret I*6o 289 8822 Imail. noticcsfrtpb.cwm.s3 In itw Mutter of the Companies Act, Cap. 50 And In the Matter of KMC LEASING SINGAPORE PTE LTD Co. Rea. No. *****3093 C (PROVISIONAL LIQUIDATORS APPOINTED) NOTICE OF MEETING TO CREDITORS NOTICE IS HEREBY GIVEN that pursuant to Section
      396 words
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      503 6 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF TRANSMARINE SEVEN SEAS PTE LTD CO. REG NO. *****2606G (IN MEMBERS' VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 306(1) of the Companies Act, Cap. 50 that the Final Meeting of
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      533 6 IN THE MATTER OF THE COMPANIES ACT, CAP. SO AND IN THE MATTER OF KENRO MARINE PTE LTD Company No. *****3100H (PROVISIONAL LIQUIDATORS APPOINTED) SloMocy Declaration by directors of Company'* inabiKty to conhnuc Imiim 11 by reoson of 4s KobXhss Nam* of Company: KENRO MARINE PTE LTD Company No: *****3100H
      533 words
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      71 7 Expand overseas with HSBC We provide a comprehensive range of financial solutions for companies of various industries. If you are looking for cash management, trade servicing, financing local or overseas expansion, treasury services and insurance packages, contact us today. 1800 216 9008 contact@hsbc.com.sg >►►► Commercial Banking 4«< HSBC<» The world's
      71 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Online grad school goes for growth
      559 8  -  S'pore-based outfit expects enrolment surge over 3 years, profitability in 2007 By DANIEL BUENAS SINGAPORE-based Universitas 21 (U2l) Global touted as the Asia Pacific's first online graduate university plans to increase its current enrolment of 600 students more than five times over the next
      559 words
    • Article
      Lock icon Do not fear rise of China and India: PM Lee
      315 8 THE rise of China and India may throw up more opportunities than setbacks for countries in the region, according to Prime Minister Lee Hsien Loong in his speech welcoming Bangladesh Prime Minister Begum Khaleda Zia to Singapore yesterday. The opening
      315 words
    • Article
      Lock icon Another NTU China exchange programme
      166 8 IN a bid to foster friendship and encourage better understanding between students from Singapore and China, Nanyang Technological University (NTU) is once again participating in a Sino-Singapore initiative, involving a mutual exchange programme, for the second time. Yesterday. NTU staff and students played host to
      166 words
    • Article
      Lock icon NEC clinches passport project
      197 8 IT solutions provider NEC Solutions Asia Pacific has beaten eight other companies vying for Singapore's first biometric passport project. As part of the $9.7 million deal, NEC will implement the biometric passport system for the Immigration and Checkpoints Authority (ICA) within six months. This will allow
      197 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      32 8 UNIT TRUSTS FUNDS LEGEND: All prices are indicative;√Broadly Diversified;|Narowly Focused;$Lower Risk;^ Low to Medium Risk:&Medium to High Risk;** Higher Risk;oopen-ended;+Before subdivision of units;After subdivision of units;SP after stock split;N.A. Non Dealing Day
      32 words
    • Article, Illustration
      Lock icon Oriental boss in niche property debut
      353 9  -  Loh Cheng Yean behind luxury KL apartment project By ARTHUR SIM ORIENTAL Holdings chairman Loh Cheng Yean marks her entry into niche property development with the coming launch of The Residences Katana, a luxury development in the heart of Kuala Lumpur. The 30-unit development
      353 words
    • Article
      Lock icon A*Star division signs German agreement
      219 9 A*STAR'S Institute of Chemical and Engineering Sciences (ICES) has signed a master agreement with German-based RohMax Oil Additives to carry out joint research and development on lube additives. The pact, announced yesterday, serves as a framework for all collaborative projects between ICES and RohMax Oil
      219 words
    • Article
      Lock icon S'pore-based scientists find new method to deliver cancer drugs
      416 9  -  Meanwhile, CyGenics gets China patent for 3D cell growth system By CHEN HUIFEN SCIENTISTS at the Institute of Bioengineering and.Nanotechnology (IBN) say they have discovered a delivery system to help cancer treatment, while stem cell biotechnology firm CyGenics said it has
      416 words
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      36 8 DIT Europazins Best Bond Europe Fund over 1 yr, 3yrs and syrs category* rated AA by Standard Poor's. Allianz (jfi) Dresdner Asset Management Source: The Edge-Lipper Singapore Funds Awards 2004 I<)m| lM v „.qn n«>. lywo/ifw
      36 words
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      45 9 r> rf oU p) f J r' H KUBltthft ,-J IHATFmc; X J v xv Recruit the right people V i through The Straits Times Recruit Jl Call 1800 289 8822 or email r r f recruit@sph.com.sg I fj N i to advertise. \.S lrufiai'hi!
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      96 9 .-aigß Ay. ;Jb«gf|r y"^iWPR^^W SaH|™ |H6 I j,;, r; hHH^H| •■''Hwr' •'t^^'-lp s B* C%h. fl 1 ill 1^ B iB L. B ft i pp fc< n BH^ Hk?£s Ibl, m .JHi^^H Hk Jfc iHHHH^^^^^^^HHl K H B !jte' J' m m f JHbv HI Asia. Whatever it takes.
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Main index gains in subdued market
      512 10  -  STOCKS Investors advised to be cautious amid threat of rising oil prices and interest rates TEH HOOI LING Senior Correspondent THE twin threat of rising oil prices and interest rates kept the market relatively subdued yesterday, with buying in Keppel Corp and the banks
      Source: Bloomberg  -  512 words
    • Article, Illustration
      Lock icon BROKERS' TAKE
      927 10  -  Compiled by TEH HOOI LING Multi Vision Intelligent Surveillance March 21 dose: 19 cents PHILLIP SECURITIES RESEARCH. Mar 21 HEADQUARTERED in Hong Kong, Multi Vision is a technology-based company that is primarily engaged in the design, development and distribution of digital video surveillance products and solutions. The management
      Source: Bloomberg  -  927 words
    • Article, Illustration
      Lock icon US$ stages comeback ahead of Fed meeting
      514 10  -  CURRENCIES LARRY WEE Senior Correspondent THE unpopular US dollar made a spirited comeback in Asian trading yesterday, extending gains made last Friday to hit highs not seen in up td a month. Observers said the trimming of oversold US dollar positions appeared to
      Source: Reuters  -  514 words
    • TRADES TO WATCH
      • Article
        Lock icon Evenstar raises holding in Sinwa
        97 10 EVENSTAR Investments has raised its stake in marine and logistics group Sinwa to 54.9 per cent from 54.62 per. The substantial shareholder, in which Sinwa chairman and CEO Sim Yong Teng has a deemed interest, bought 350,000 shares in the open market last Tuesday. Sinwa
        97 words
      • Article
        Lock icon Stake up for Nam Lee directors
        91 10 NAM Lee Pressed Metal Industries' executive chairman Yong Koon Chin and executive director Yong Poon Miew saw their deemed stake in the company rise to 52.68 per cent from 52.66 per cent following a purchase of 60,000 shares in the open market last Thursday
        91 words
      • Article
        Lock icon FDS substantial owner trims stake
        54 10 SUBSTANTIAL shareholder Yip Man Yiu yesterday sold 65,000 shares in FDS Networks Group in the open market, trimming his stake from 11.125 per cent to 11.037 percent or about 8.17 million shares. Shares of the Hong Kong-based network systems integration company yesterday rose one cent
        54 words
      • Article
        Lock icon JP Morgan's interest in Yellow Pages raised
        59 10 YELLOW Pages (Singapore) said the deemed stake of JP Morgan Chase Co and its affiliates has crossed the 10 per cent level. A series of purchases last Tuesday raised the holding from 9.17 per cent to 10.01 per cent or about 15.82 million
        59 words
      • Article
        Lock icon Bonvests shareholder trims stake
        125 10  -  Compiled by JEAN CHUA NG Chee Kheng, a director of Goldvein Trading Pte Ltd, which is a subsidiary of Bonvests Holdings, has sold 45,000 Bonvests shares in the open market at 59 cents a share. The transaction reduced his direct stake in the diversified property company
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    • Article, Illustration
      Lock icon Untitled
      417 10 OTHER SINGAPORE INDICES Mar 21 VALUE CLOSE BT OB/OS -413.00 -212.00 BTCAPI -*****.00 -130.00 BT 10-day MA -*****.00 -42.00 AH-SG Equities 564.93 +0.16 SG Equities Elect 137.36 -2.20 SG Equities Fin 1629.79 +5.04 SG Equities Prop 571.67 -1.92 SIMSCI 259.08 +0.75 SiMSCI Futures 259.60 +2.40 MOST ACTIVE STOCKS VOLUME UniFiber
      417 words
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  • COMPANY NEWS
    • Article
      Lock icon Optus plans major revamp to shore up sales growth
      372 11 Streamlining of functions could lead to staff cuts in consumer units SINGAPORE Telecommunications' wholly owned Australian unit, Optus, is planning a corporate restructuring which could result in staff losses to cut costs and counter slowing revenue growth, The Australian newspaper reported
      372 words
    • Article, Illustration
      Lock icon SIA, ANZ expand codeshare deal
      345 11  -  More reciprocal advantages, travel options available By JOSEPHINE TAY SEAMLESS travel to more destinations is promised for passengers of Air New Zealand (ANZ) and Singapore Airlines (SIA) with an expanded code-share agreement between the two airlines announced yesterday. From Sunday, SIA travellers will be able
      345 words
    • Article, Illustration
      Lock icon Kwek's M&C hotels could rise Down Under
      548 11  -  HOCK LOCK SIEW By KALPANA RASHIWALA WHAT'S next for Kwek Leng Beng's Millennium Copthorne Hotels (M&C) chain after its sale of the Plaza in New York? That sale, for US$675 million (Ssl.l billion), reaped London-listed M&C a profit of £68.9 million (Ss2ls million)
      FILE PHOTO  -  548 words
    • Article
      Lock icon Australia oil player to sell 52m shares in IPO
      365 11  -  IPO WATCH By CAROLYN QUEK AUSGROUP Ltd, an oil and gas project-engineering firm headquartered in Western Australia, is eyeing a Sesdaq listing. AusGroup, which lodged its preliminary prospectus yesterday with the Monetary Authority of Singapore, plans to sell 52 million shares
      365 words
    • Article
      Lock icon China silk firm on Sesdaq course
      255 11  -  By JEAN CHUA A CHINA-BASED manufacturer of spun silk, Asia Silk Holdings, has lodged its preliminary prospectus with the Monetary Authority of Singapore for a listing on Sesdaq. The company did not disclose the amount of money it plans to raise but said that
      255 words
    • Article, Illustration
      Lock icon Ang Kong Hua returns to DBS group as director
      493 12  -  By WONG WEI KONG ANG Kong Hua is returning to DBS Group Holdings (DBSH) as a director some 37 years after he joined the bank when it was formed. Mr Ang, 61, has been appointed to the boards of DBSH and
      FILE PHOTO  -  493 words
    • Article
      Lock icon Euronex.Liffe plans first Asian telecom hub in S'pore
      403 12 European, US exchanges keen to distribute their products in Asia [BOCA RATON, Florida] Euronext.Liffe plans to open its first Asian telecommunications hub in Singapore as the European derivatives exchange expands distribution beyond core markets of Europe and the US, the Financial Times
      403 words
    • Article
      Lock icon International investors warm to Pakistan's first sukuk issue
      382 12  -  S'pore investors allotted 10% of Islamic bond By SIOW LI SEN PAKISTAN'S first Islamic bond or sukuk issue has received strong demand from the international community, including investors from Singapore. The response to the fiveyear US$6OO million issue, with investors submftjting orders
      382 words
    • Article, Illustration
      Lock icon Creative share price slumps to 7-month low on Q1 profit fears
      323 12 Bloomberg SHARES of Creative Technology Ltd, which competes with Apple Computer Inc and Dell Inc, fell to a sevenmonth low on concern that rising competition and a shortage of parts may hurt first-quarter earnings. Creative shares closed 90 cents
      Bloomberg; FILE PHOTO  -  323 words
    • Article
      Lock icon Astra profit up 22% to record 5.4t rupiah
      218 13 Sales jump 41% to 44.3t rupiah on surging demand for new vehicle models Bloomberg [JAKARTA] PT Astra International, Indonesia's biggest automobile distributor, yesterday said profit rose 22 per cent to a record last year because of surging demand for new models including
      Bloomberg  -  218 words
    • COMPANY BRIEFS
      • Article
        Lock icon Conditional nod for Tat Hong listing conversion
        103 13 TAT Hong Holdings yesterday said the Singapore Exchange has given it in-principle approval to convert its secondary listing to a primary listing with the condition, among others, that substantial shareholder Ng Chwee Cheng does not participate directly or indirectly in the company's management
        103 words
      • Article
        Lock icon Advance SCT sets up subsidiary in HK
        66 13 ADVANCE SCT has set up a wholly owned subsidiary in Hong Kong, SCT Technologies (HK), with an authorised share capital of HK$lO,OOO (552,100). Advance SCT said the establishment of SCT HK is not expected to have any material impact on the earnings per
        66 words
      • Article
        Lock icon Global Voice transfers units to M'sian firm
        78 13 GLOBAL Voice Group said it has transferred its entire interests in the three wholly owned subsidiaries Horizon-ITech, Cantown.com and Cyber-IB —to Loga Holdings Sdn Bhd. The contractual business obligations of the three subsidiaries with the Town Council have expired. It said the transactions
        78 words
      • Article
        Lock icon Technics wins $4.2m Shell Sarawak deal
        38 13 TECHNICS Group Holdings has won a $4.2 million engineering, procurement, construction and commissioning contract from Shell Sarawak to build a gas compressor package, including offshore commissioning activities. Completion is slated for September.
        38 words
      • Article
        Lock icon Guocoland completes Greenacres purchase
        104 13 GUOCOLAND said wholly owned subsidiary First Bedok Land (FBL) has completed the collective purchase of units in Greenacres Condominium at West Coast Road. In June last year, FBL entered into a deal with proprietors owning no less than 80 per cent share values in the 13,245
        104 words
      • Article
        Lock icon Alantac Tech appoints financial controller
        21 13 ALANTAC Technology has named Law Yong Hwee, 45, as financial controller with effect from March 16.
        21 words
      • Article
        Lock icon Soilbuild acquires two new companies
        79 13 SOILBUILD Group has acquired 100 per cent of the equity shares comprising two ordinary shares of $1 par value each in the capital of SB Property Services, a newly incorporated company in Singapore. It has also subscribed for another 99,998 ordinary shares of $1 par
        79 words
      • Article
        Lock icon Meiban appoints CEO as executive chairman
        28 13 MEIBAN Group has appointed chief executive and managing director Goh Tiong Yong as executive chairman of the board with effect from yesterday.
        28 words
    • Article, Illustration
      Lock icon DMX signs distributor deal with Thales
      212 13 MORE services will be available to cable and satellite television customers in Asia Pacific soon. DMX Technologies Group yesterday announced that it has signed a distributor agreement with Thales Broadcast and Media, a wholly-owned subsidiary of the Thales Group the electronics and systems company
      FILE PHOTO  -  212 words
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      129 11 348 Balestier Road, t X l f* Bal I ihhm Hang Tat Garden *M««Morcoa*i I^^ Freehold Tenure: 2,341,2m 2 KpMtrswkw ■*>»*»«*»»niiiLiui|i •witjdiooi (ApprOXl 25,198.3ft 2 Residential Plot Ratio: 2.8 fcaHyo**™** r Easy Access via CTE, t PIE, Toa Payoh 1 Novena MRT mSBJgP 8 5 Close to good educational s
      129 words
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      347 12 V"¥ 71 a 0 1 i i Presented Diners Club Credit Card To apply, cdU: 6416 0980 Where to wine, dine and entertain... *Ml S'lSi q; n- 0 &or .IFIND DIE ONES L po urn™ bq Recruit the right people ;tfrwjo»Tl»sWUTlmts Beaut. r j L 1 Crtl 1800 289 8822
      347 words
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  • Page 13 Advertisements
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      15 13 Fresh jobs everyday Read our newspapers for a fresh set of jobs everyday! EASjUSUttIjLI 2
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      266 13 jiiii j»3E Now you can enjoy exclusive Thai hospitality for less. Fly to selected destinations in Asia and Europe in our renowned Royal Executive Class at lower than usual rates. Royal Orchid Plus members will continue to earn full miles that count towards Silver or Gold status requirements. SBk! V.
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  • ECONOMY WATCH
    • Article
      Lock icon China steps up attack on speculators
      330 14 Forex chief attacks 'indiscriminate' exports, foreign capital influx AFP [BEIJING] China's foreign exchange chief has stepped up his attacks on massive fund inflows, warning of "excessive speculation" in the property market, state media said on Sunday. "Indiscriminate support of exports and foreign capital influx
      AFP  -  330 words
    • Article
      Lock icon Euro purchases threaten stability: HK
      538 14 Bloomberg [HONG KONG] Asian central banks boosting holdings of euros versus dollars in their currency reserves may threaten financial markets if they do it too quickly, says Joseph Yam, head of the Hong Kong Monetary Authority (HKMA). "The euro may become so popular in this
      Bloomberg  -  538 words
    • Article
      Lock icon M'sian deficit narrows to 4.3% of GDP
      653 14 The economy grew by 7.1% last year, the fastest pace in four years Bloomberg [KUALA LUMPUR] Malaysia said its budget deficit narrowed at a faster-than-expected pace last year, amid stronger economic growth and as Prime Minister Abdullah Ahmad Badawi's government sold assets and
      Bloomberg  -  653 words
    • Article
      Lock icon Budget deficit is greatest threat to US economy: survey
      656 14 Bloomberg [WASHINGTON] The US budget deficit poses the greatest threat to US economic growth in the short term, ahead of terrorism and the current account gap, according to a National Association for Business Economics (NABE) survey. In the longer term, rising
      Bloomberg  -  656 words
    • Article, Illustration
      Lock icon HK's jobless rate declines to lowest level in three years
      220 14 AP IHONG KONG] Hong Kong's unemployment rate fell to its lowest level in over three years, the government said yesterday, as overall employment continued to expand amid a declining labour supply. The seasonally adjusted unemployment rate for the three-month period
      AP; AFP  -  220 words
    • Article
      Lock icon Oil price retreats after Saudi promise
      357 14 Reuters [LONDON] Crude oil fell from Friday's record-clos-ing prices after Saudi Arabia's oil minister said Opec could decide at any time to add more supply to the market. Oil prices still held above US$56 on Monday as the International Monetary Fund (IMF) forecast that
      Reuters  -  357 words
    • Article
      Lock icon Developed countries' credit ratings 'at risk'
      298 14 [LONDON] Rapidly rising pension and healthcare spending will reduce the debt status of the world's richest industrialised countries to junk within 30 years unless their governments move quickly to balance budgets and reduce outgoings, the Financial Times said a report warns. Standard Poor's, the
      298 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon Golden Hope reviews terms of asset sale
      499 15  -  Move may result in better deal for minority shareholders By S JAYASANKARAN in Kuala Lumpur PRESSURE on farm conglomerate Golden Hope Plantations to review the terms of a recent sale of Negara Properties, to listed developer Island Peninsular could result in a better
      499 words
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      Lock icon D-Day looming for Yudhoyono
      745 15  -  INDONESIA INSIGHT SHOEB KAGDA Jakarta Correspondent THE time to deliver on past promises is fast approaching for President Susilo Bambang Yudhoyono and his Cabinet. By the end of the month, foreign investors and the international community will be able to assess just how effective the current
      745 words
    • Article
      Lock icon Jakarta fuel fury continues
      111 15 Reuters [JAKARTA] Indonesian students clashed with police yesterday during a rally outside parliament to protest against government fuel price rises. Officers used batons to disperse the crowds after students hurled four petrol bombs, one of which hit a policeman, bouncing off his cap and bursting into
      Reuters  -  111 words
    • Article
      Lock icon Mandiri looking for acquisitions
      194 15 Bloomberg [JAKARTA] PT Bank Mandiri, Indonesia's biggest lender, is seeking acquisitions to boost business, a bank director said while denying a newspaper report that it plans to purchase PT Bank Uppo. Mandiri "is seeking acquisitions as a way to grow inorganically but Bank Lippo has never
      Bloomberg  -  194 words
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      10 15 fry.- 4v .>■ -v the Business times To subscribe call *****838
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      256 15 11 HyOPTIONETICS PROUDLY PRESENTS THE r OPTIONS COURSE The Secret to High-Profit Low-Risk Trading Strategies At this unique FREE SEMINAR, you will learn j Harvard-educated hedge fund manager George ■f how It IS possible to: Fontanillsisan Trade on the USA major world markets SS^alHly Trade risking as little as SG$lOO
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  • GREATER CHINA
    • Article
      Lock icon PetroChina set to be world No 4 oil giant
      453 16 It'll overtake Total on buying parent's overseas assets Reuters [SINGAPORE/HONG KONG] PetroChina could overtake France's Total as the world No 4 corporate oil producer by buying all its state parent's overseas assets, but investors face new political risk if Sudan fields
      Reuters  -  453 words
    • Article
      Lock icon Regulator to push ICBC reform
      236 16 AFP [SHANGHAI] Despite a series of recent bank scandals China is pressing ahead with reforms of the Industrial and Commercial Bank of China (ICBC), the country's largest and one of its most troubled lenders, state press reported yesterday. China will enhance its management of the
      AFP  -  236 words
    • Article
      Lock icon KUALA LUMPUR STOCK EXCHANGE
      4 16
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    • Article
      Lock icon Beijing says it may intervene if dispute over HK leader persists
      486 16 It warns against legal challenge that prevents election of chief exec in July AFP [HONG KONG] Beijing has warned it may intervene in a political dispute in Hong Kong that erupted after the recent resignation of the territory's leader
      AFP  -  486 words
    • Article, Illustration
      Lock icon Play by global economy rules, Rice tells China
      385 16 AFP Reuters [BEUING] China must play by the rules in its trade with other countries, US Secretary of State Condoleezza Rice said here yesterday, warning that its economic expansion was being watched closely. Ms Rice, who spent two days in China as
      AFP; Reuters; REUTERS  -  385 words
    • NOTE BOOK
      • Article
        Lock icon PetroChina finds oil and gas in new well in south Sumatra
        136 16 Bloomberg [JAKARTA] PetroChina Co has found oil and gas at a new well drilled in the Jabung field in Indonesia. The company is pumping 4,320 barrels of oil per day (bpd) and 3.35 million cubic feet of gas a
        Bloomberg  -  136 words
      • Article
        Lock icon Indofood appoints four firms to handle Bogasari IPO
        94 16 Reuters [JAKARTA] The world's largest instant noodle maker, PT Indofood Sukses Makmur Tbk, has appointed four firms to handle the initial public offering of its flour milling unit, Bogasari Flour Mills, a company official said yesterday. Indofood director Djoko Wibowo said Credit
        Reuters  -  94 words
      • Article
        Lock icon 3i names new country head, sees US$300m deals in India
        90 16 Reuters [HONG KONG] British private equity firm 3i Group Pic said yesterday that it had appointed a new head for its India operations and was eyeing up to US$3OO million in annual deals in the world's second-fastest growing economy. 3i,
        Reuters  -  90 words
      • Article
        Lock icon Jakarta to raise excise taxes on cigarettes: VP Kalla
        98 16 Reuters [SINGAPORE] Indonesian Vice-President Jusuf Kalla said his country was working on a plan to increase excise taxes on cigarettes in order to boost state revenues, the UK's Financial Times reported yesterday. Mr Kalla, in an interview with the newspaper, said
        Reuters  -  98 words
      • Article
        Lock icon Construction Bank ex-chief Zhang sued in US court
        137 16 Bloomberg [HONG KONG] Zhang Enzhao, who quit as chairman of China Construction Bank last week, allegedly received US$l million from a unit of Fidelity National Financial Inc in the US to fabricate orders to supply China's third-largest lender with financial software, US
        Bloomberg  -  137 words
      • Article
        Lock icon UMC keen on buying 15% stake in He Jian (Suzhou)
        102 16 Bloomberg [TAIPEI] United Microelectronics Corp (UMC), Taiwan's second-largest chipmaker, is seeking to acquire a 15 per cent stake in He Jian (Suzhou) Co and to settle a month-long probe into whether it breached government limits on cooperating with mainland Chinese
        Bloomberg  -  102 words
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  • INDIA
    • Article
      Lock icon Five BJP states hold off on sales tax
      445 17 Central govt unfazed, confident that launch will go ahead on April 1 Reuters [NEW DELHI] The Indian government's April 1 launch of a national sales tax, its biggest tax reform in years, suffered a setback yesterday after the main opposition party said
      Reuters  -  445 words
    • Article
      Lock icon India may open up commodity futures to foreign players
      370 17 Reuters [MUMBAI] India may allow foreign players, domestic banks and local mutual funds to trade in its commodity futures exchanges, which have seen volume become four times as great in the past year, the market regulator said on Friday. "The proposal
      Reuters  -  370 words
    • Article, Illustration
      Lock icon Dell gears up for expansion in India
      392 17 Lifting of import taxes boosts its competitiveness Bloomberg [NEW DELHI] Michael DeU, founder of the world's largest personal computer maker, is preparing for expansion in India's PC market after the removal of import taxes that have made his company an also-ran in Asia's
      Bloomberg; AFP  -  392 words
    • Article
      Lock icon Delhi mulls gas pipeline from Iran
      138 17 Reuters [KUALA LUMPUR] India is considering a US$4 billion plan to build a gas pipeline from Iran through Pakistan, despite concern expressed by the United States over the project, Indian Petroleum Secretary S C Tripathi said yesterday. Gas from the overland pipeline would be
      Reuters  -  138 words
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      57 17 An Exclusive One-Night-Only Dinner Performance Not To Be Missed! The Raffles Ballroom, For bookings, please call Ullt Raffles City Convention Centre, LAMC Productions at 6324-0764 The Stamford, Level 4 (individual bookings included) Dinner, followed by performance, •or Sistic: 6348-5555 onewcar starting from $4000 per table of 10. www.sistic.com.sg R^The laza
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  • WORLD
    • Article, Illustration
      Lock icon Annan calls for larger Security Council
      657 18 In report, UN chief also urges wealthy nations to end all import barriers Bloomberg [NEW YORK] United Nations Secretary General Kofi Annan has proposed expanding the Security Council and making other structural changes in the world body. In his report, he also urged the
      Bloomberg; REUTERS  -  657 words
    • Article, Illustration
      Lock icon Livedoor affair leaves bitter M&A aftertaste
      689 18  -  Liberalisation of present system postponed to 2007 By ANTHONY ROWLEY in Tokyo JAPAN'S "Livedoor" affair in which young Internet" entrepreneur Takafumi Horie is battling the establishment for control of parts of the nation's broadcasting system will have an adverse impact on business mergers and
      689 words
    • Article
      Lock icon UK pension fund probed over alleged stock-price rigging
      212 18 AFP [SEOUL] South Korea's financial watchdogs visited Hermes Investment Management headquarters in London last week to look into allegations the British fund had rigged stock prices here, officials said yesterday. Four South Korean Financial Supervisory Service (FSS) investigators held interviews with Hermes
      AFP  -  212 words
    • Article
      Lock icon Schering falls on cancer drug setback
      388 18 Bloomberg [ZUßlCH] Shares of Schering AG plunged after the colon-cancer pill it was counting on for annual sales of at least US$l billion failed to stop tumours from growing in a latestage study. Shares in the company fell 7.31 euros, or 12 per cent,
      Bloomberg  -  388 words
    • Article
      Lock icon US$11b refinery spending planned
      453 18 Bloomberg [NEW YORK] After two decades of reduced spending, major oil companies plan at least US$ll billion of refinery additions as global demand pushes petroleum prices to a record high. The projects include a US$4.3 billion refinery and chemical plant by Saudi Aramco and Sumitomo Chemical
      Bloomberg  -  453 words
    • WORLD WATCH
      • Article
        Lock icon Late-filing companies blame new US law
        73 18 Bloomberg [NEW YORK] As many as 357 US companies are late filing annual reports because of crackdowns on accounting by state and federal officials. That number is three times as many as last year. At least half the companies attributed delays to the Sarbanes-Oxley
        Bloomberg  -  73 words
      • Article
        Lock icon Credit derivatives trade to be easier
        94 18 Reuters [LONDON] Trading of credit derivatives futures and options are to become easier with the launch of the world's first regular fixings for index prices. The introduction of fixed pricing brings the credit derivatives market into line with interest rate and equity markets, in
        Reuters  -  94 words
      • Article
        Lock icon ABB reorganises in face of asbestos cases
        57 18 AP [ZURICH] ABB, the Swiss-Swedish electrical engineer, reached an agreement to reorganise two subsidiaries to resolve asbestos claims. ABB will pay an additional US$232 million into a trust fund to settle outstanding claims under an amended plan to reorganise its Combustion Engineering and
        AP  -  57 words
      • Article
        Lock icon Challenger buys HSBC Australian offshoot
        64 18 Reuters [SYDNEY] Challenger Financial Services Group has bought the Australian asset management arm of Britain's HSBC for A 521.9 million ($17.3 million). HSBC Asset Management (Australia) had A 53.5 billion in wholesale and retail funds under management at Dec 31, with a focus on the
        Reuters  -  64 words
      • Article
        Lock icon News Corp acquires remainder of Fox
        84 18 Reuters [NEW YORK] News Corp yesterday said it had t completed a US$l5.5 billion exchange offer for the 18.6 per cent of Fox Entertainment it did not already own. News Corp, controlled by Rupert Murdoch, earlier this month raised its bid for the outstanding
        Reuters  -  84 words
    • Article
      Lock icon S Korea's largest businesses seek to maintain family hold
      342 18 Bloomberg [SEOUL] South Korea's largest businesses want the government to change rules to keep overseas funds from taking over local businesses. They argue that the nation's drive to improve management since the Asian financial crisis has left companies vulnerable. The appeal
      Bloomberg  -  342 words
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      Lock icon Bond sell-off may signal shift away from risky assets
      479 19 Fed seen raising rates by more than ¼-point dropping 'measured' policy [NEW YORK] Investors are wondering if the bond market sell-off last week marks the end of a long love affair with risky assets and the beginning of a switch into
      Source: Thomson Datastream; Dialogic  -  479 words
    • Article, Illustration
      Lock icon Flashy automaker DeLorean dies of stroke at 80
      499 19 Reuters [NEW YORK] John DeLorean, the flashy automotive executive whose flashy car of the same name burned its way into pop culture with the Back to the Future films, has died at the age of 80. DeLorean died last Saturday at Overlook
      Reuters; AP  -  499 words
    • Article
      Lock icon Apax agrees to purchase HIT for £489.4m
      259 19 Reuters [LONDON] Private equity firm Apax has agreed to buy British childrens' TV producer HIT Entertainment pic for £489.4 million (Ssl.s billion), the companies said yesterday. London-based Apax, one of the world's largest leveraged buyout firms, is offering 300 pence in cash per
      Reuters  -  259 words
    • Article
      Lock icon Microsoft could face EU fine of US$5m a day: report
      223 19 AFP [PARIS] EU's antitrust regulator could fine Microsoft US$5 million per day if the company is unduly slow to apply measures imposed a year ago, the Wall Street Journal reported in Europe yesterday. The European Commission, which took action against
      AFP  -  223 words
    • Article
      Lock icon Big Media stays big even if Viacom splits
      429 19 More spin-offs by conglomerates unlikely: analysts Reuters [NEW YORK] Rumours of the demise of the global media conglomerates may have been greatly exaggerated. Viacom Inc's disclosure it might separate its highgrowth cable networks from its mature television and radio broadcast stations to
      Reuters  -  429 words
    • Article, Illustration
      Lock icon NO TO WAR
      70 19 [SEOUL] A South Korean pedestrian walking across a protest image in front of the US Embassy in Seoul yesterday during a campaign against the annualjoint military exercise between South Korea and the US. The words in the image read "stop the war". About 17,000 US troops are
      AFP  -  70 words
    • Article
      Lock icon Search engine Ask Jeeves set to be acquired for US$2b
      334 19 Buyer tapping into market dominated by Google, Yahoo Bloomberg [NEW YORK] Barry DiUer's lAC/InterActiveCorp, owner of the HSN home shop-ping-network, is close to an agreement to buy Internet search engine Ask Jeeves Inc for about US$2 billion. The acquisition, which
      Bloomberg  -  334 words
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  • AVIATION
    • Article, Illustration
      Lock icon Lufthansa plans Swiss takeover in stages to save routes
      688 20 Boards of both companies may approve acquisition at meetings today Bloomberg [FRANKFURT] Deutsche Lufthansa AG, Europe's second-largest airline, plans to take over Swiss International Air Lines Ltd in stages, emulating Air France's acquisition of KLM Royal Dutch Airlines, to preserve Swiss's
      Bloomberg; REUTERS  -  688 words
    • Article
      Lock icon Ernst & Young settles Tower Air lawsuit: report
      398 20 Ernst Young settles Tower Air lawsuit: report Creditors brought the suit, seeking US$412m in damages LATWP [NEW YORK] Accounting giant Ernst Young LLP on Friday settled a lawsuit that alleged it helped the now-bankrupt airline Tower Air Inc falsify its financial reports, cancelling a civil trial that was set to
      LATWP  -  398 words
    • Article
      Lock icon British Airways may raise oil surcharge again
      261 20 AFP [LONDON] British Airways is expected to announce a new increase in surcharges on airfares this week in order to offset the rising cost of fuel, The Observer newspaper reported on Sunday. "With (oil) prices this high another increase in the surcharge is
      AFP  -  261 words
    • Article
      Lock icon US to probe death of restrained air passenger
      270 20 AP [NEW YORK} Prosecutors are investigating the death of a man who was subdued by several fellow airline passengers after he became disruptive on a New Yorkbound flight, a spokesman said on Sunday. William Lee was pronounced dead late on Friday after
      AP  -  270 words
    • Article, Illustration
      Lock icon ACE Aviation faces cloudy outlook
      397 20 Bloomberg [TORONTO] ACE Aviation Holdings, parent of Air Canada, said increased airline competition, high fuel prices and debt may keep the company from being profitable. "ACE may not be able to effectively achieve planned cost reductions or restore positive net profitability", even after cutting costs
      Bloomberg; BLOOMBERG  -  397 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      397 20 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
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  • SHIPPING
    • Article, Illustration
      Lock icon Pirates release kidnapped Japanese tugboat crew
      560 21 Tokyo official declines to say whether any ransom was paid AP [TOKYO] Pirates have released three sailors, two Japanese and one Filipino, kidnapped a week ago in the busy shipping lane between Malaysia and Indonesia, Japan's Foreign Ministry said yesterday. The trio were abducted
      AP; REUTERS  -  560 words
    • Article, Illustration
      Lock icon Steam rises over Aussie coal export bottlenecks
      566 21 Reuters [MELBOURNE] Twentythree ships sit off Australia's Port Waratah, the world's largest coal export port, while further to the north another 40 are queued up at Dalrymple Bay as rail wagons bring in coal from mines. China's surging growth means the coal market
      Reuters; REUTERS  -  566 words
    • Article
      Lock icon Persian Gulf oil tanker rates to rise
      458 21 Vessel supplies for April are shrinking compared with last week Bloomberg [LONDON] Oil-tanker rates for shipping crude from the Middle East to refineries worldwide may rise this week as vessel supplies for April dwindle. Thirty very large crude carriers, each able to carry
      Bloomberg  -  458 words
    • Article
      Lock icon Salvors may block aid to vessels over EU stand
      285 21 They want immunity from prosecution in accidents Anderimar Shipping News [LONDON] A salvors' group has warned that it may hold back from intervening in EU waters if there is a potential pollution incident, following the European Parliament's recent decision in favour
      Anderimar Shipping News  -  285 words
    • Article
      Lock icon Titan Petrochem buys 2 tankers for US$104m
      287 21 Latest purchase will expand fleet to 31 ships Bloomberg [HONG KONG] Titan Petrochemicals Group Ltd. a Hong Kong oil storage and transportation company, said it agreed to buy two oil tankers for US$lO4 million to take advantage of rising fuel demand in China.
      Bloomberg  -  287 words
    • Article
      Lock icon TRANSPORT STOCKS
      294 21 SGX '000 Mw 21 SS *4- Vol CH Offshore 036 unch 1097 ChuanHup— —.0.72 unch 783 Cosco Corporation 1.76 0.01 2917 CWT Distribution .0.63 -0.02 5 Ezra Hldgs -1.10 0.02 81 Freight Unks. 0.09 unch 34 Grand Banks Yacht 1.02 -0.12 497 iaya Holdings 1.08 0.01 283 K1
      294 words
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      122 21 NOTICE TO TRADE SINGAPORE/PORT KLANG TO CHENNAI AND V V CHENNAI CONTAINER TERMINAL IMMEDIATE CONGESTION SURCHARGE Feeder operators wish to inform the trade that with the current improvement at Chennai Container Terminal (CCT) they have decided to withdraw the CCT Immediate Congestion Surcharge of US$l5.OO/TEU Laden and US$7.5O/ TEU Empty
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  • EDITORIAL & OPINION
    • Article
      Lock icon China's galloping economy
      528 22 EDITORIAL THE latest economic data out of Beijing suggest that, contrary to economists' hopes, the overheating of China's economy is continuing apace, further raising the urgency of corrective action. Last week, it was reported that China's industrial output grew by a whopping 16.9 per cent in the
      528 words
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      Lock icon Developing world's plant resources under threat
      1255 22  -  Biopiracy and potential depletion and loss deprive communities of biodiversity wealth YOGI AGGARWAL TUMERIC is a widely used spice in India. It gives food a yellowish colour and distinctive flavour. It has also been widely used as a remedy for wounds and burns. These
      REUTERS  -  1,255 words
    • Article, Illustration
      Lock icon Ominous clouds over the eurozone
      767 22  -  THE BOTTOM LINE SHADA ISLAM Brussels Correspondent GOOD news on the economy is in short supply as European Union leaders prepare to meet in Brussels today for a two-day annuad review of efforts to spur growth and jobs across the bloc. This year's gathering looks
      767 words
    • Article, Illustration
      Lock icon The lingering CEO pay racket
      822 23  -  Forget outperformance the big bucks are in under-performance by head honchos in companies losing money NICHOLAS D KRISTOF NYT IN RUSSIA, those who manipulate capitalism to gain fabulous wealth are called the oligarchs, and they sometimes end up in prison. In America, we just call
      NYT; BLOOMBERG  -  822 words
    • Article, Illustration
      Lock icon New status quo, minus Opec
      1116 23  -  By MICHAEL E KANELL Cox News Service OIL prices seem sometimes to defy gravity, but they usually obey Opec. Since the Organisation of Petroleum Exporting Countries (Opec) first flexed its muscles with an embargo in 1973, its pronouncements about its plans nearly always have had
      Cox News Service; AFP; REUTERS  -  1,116 words
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  • Page 23 Miscellaneous
    • Miscellaneous
      Lock icon Page 23 Miscellaneous Column 1
      163 23 CRYPTIC CROSSWORD DOWN 1 Adapted to become related 14 Screwing the first ladies group YESTERDAY'S SOLUTION when adopted (7) with a con (8) Across: 1 Beverage, 5 Asylum, 9 2 Dnnk as in dnnk and food (5) 16 Astonishment at containing Donation 10 Liquid 11 Astonish 3 Noticing job not
      163 words
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  • Article
    Lock icon SINGAPORE STOCKS
    3591 24 STRAITS TIMES INDEX STOCKS Stodi raw Wt Pom Chang* Stock raw IWt do— P—— Allgreen 50c 0.31 1.190 *0.010 Ml 20c 0.62 1.960 -0.010 Ascendasreit 0.96 1.940 +0.030 NOl 1.22 3.960 BIL Intl US20c 0.54 1.230 +0.070 Noble Grp HK25c 0.83 1.630 -0.060 Capita Land 1.63 2.590 -0.030
    3,591 words
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  • Article
    Lock icon FINANCE & COMMODITIES
    2759 25 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local curr in SS to USS dy %yr dy yr dy *yr Mar 18 lnd«K Change Changa Chang* Chang* Chang* Chang* World Index Preliminary 857.6 0.0 0.6 0.1 -03 -02 -0.1 ♦JAFE Preliminary 799.0 03 3.4 0.1 1.6 -0 2 1J Europe
    2,759 words
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      Lock icon Page 27 Advertisements Column 2
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      Lock icon Page 27 Advertisements Column 3
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      87 29 TUVALU SHIP REGISTRY QUALITY S-ERV-ICE FLAG j 1. Low taxes 5. Accedes to latest international 2. Active rols and representation in IMO conventions and regulations 3. Staffed by qualified professionals with 6. Round the clock service many yeare of experience In ship 7. Worldwide network of surveyors I registration classification
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  • PROPERTY
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      Lock icon Former Suntec City CEO joins unit of German insurer Ergo
      330 30  -  By KALPANA RASHIWALA FORMER Suntec City Development (SCD) chief executive Wong Ah Long has joined a unit of German insurer Ergo to help the group scour for property development and investment opportunities. Mr Wong, who is about 60 years old,
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      Lock icon Residential property sector stable in 1 st qtr
      672 30  -  Some 800 housing units sold, mostly in prime districts 9,10,11 By ARTHUR SIM THE residential property market remained stable throughout the first quarter of the year, with an estimated 800 units sold. Most of these were in the prime districts of 9.10,
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      168 30 I/ k mm| w v '1 a h 'I FOR THE LAUNCH OF BUSINESS RULE MANAGEMENT SYSTEM (BRMS) CENTRE OF EXCELLENCE On 22 nd March 2005 B.ooam 12.00pm Raffles City Convention Centre, Collyer Room (Level 4) Developed by: I t Changing the rules of business™ A BRMS is a software
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      132 30 Clifford Centre 6 Raffles Quay (Formally John Hancock Tower) e M; ||^^EKB9U^^H 1,000 27,000 sqft Good sea view Side core Efficient floor plate Excellent lobby front Well fitted out or bare condition Next/ walking distance to Raffles Place MRT 30 RAFFLES PLACE CALTEX HOUSE Prim* Grade "A" office space for
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