The Business Times, 25 March 2005

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Total Pages: 26
1 26 The Business Times
  • 15 1 THE BUSINESS TIMES SINGAPOfcfeW* online at http://business-times.asia 1 .com.sg MICA (P) 089/03/2005 Friday, March 25,2005
    15 words
  • 689 1  -  By CHUANG PECK MING [SINGAPORE] In a move to make way for younger blood at the top of the public sector, Peter Ho, Permanent Secretary (PS) for Foreign Affairs, will replace Lim Siong Guan as Head of Civil Service. Mr Lim,
    689 words
  • 134 1 ST! 2,***** (+635) ST INDEX FUTURES 2.139.00 (unch) simso 255.59 (+0.71) SIMSO FUTURES 254.90 (+0.80) MARKETS Thursday Chang* KLSECOMP ***** +1.14 NIKKEI 225 11.745.97 >6.85 HANG SENG 13.597.10 -6.51 SETINOEX 685.06 -&20 JAKARTACOMP 1.114.55 -27.59 MANILA COMP dostd SEOUL COMP ***** -10.48 SHENZHEN B 260J1 -0.10 BOMBAY IND
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  • 495 1  -  He bought warrants while in possession of undisclosed price-sensitive information By WONG WEI KONG [SINGAPORE] Amtek Engineering founder Lee Ah Bee was fined $50,000 yesterday after pleading guilty to a charge of insider-trading under the Securities and Futures Act (SFA). Lee. 60, was chargeid
    LAU FOOK KONG/ST  -  495 words
  • Page 1 Advertisements
    • 65 1 FILMFEST E aßßar can read all |L about the theory of Wm international relations. Hi But when you're at the UN Security Council, you discover the real I KishoreMahbubani, Singapore's fee, L former ambassador to the United k Nations and now Dean of the Lee IK' vBM Kuan Yew School
      65 words
    • 12 1 BANKRUPTCY ORDERS y *.<■ k v> v Numbers down in January PG2 8
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    • 47 1 spoßTS tfi Oxford-Cambridge 1 boat race turns toHf. nn r ni" fn Wfiftzm'f V w 7/ -1 A v < i i i I «*TS ~I g I 4; v /v I DRESS WELL :FOR THE NEXT FULL MOON. f "£> < ■?> W"%« m Maurice Lacroix Swiizerlaiul row' s
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  • TOP STORIES
    • 683 2  -  Some see measures as setting stage for lifting of ringgit's dollar peg By S JAYASANKARAN in Kuala Lumpur ftEACTION to Wednesday's lifting of capital controls by Malaysia's central bank was surprisingly muted yesterday. The New Straits Times confined the news to
      REUTERS  -  683 words
    • 423 2  -  But total number of bankrupts stays at record 21 ,606 By DANIEL BUENAS [SINGAPORE] The number of .bankruptcy orders in January fell almost 40 per cent year on year, and the number of petitions for bankruptcy declined almost 20 per cent, figures from the Ministry
      Source:  -  423 words
    • 83 2 IN yesterday's article "Acquisitions drive A-Reit", we wrongly attributed some comments by Daiwa to Nomura. The third last paragraph of the article should begin: Making a point that the market may be overvaluing A-Reit shares, Daiwa noted that A-Reit's latest appraised property valuations were only $3.2 million over its
      83 words
    • 481 2  -  A helicopter view must be matched by aptitude for critical details By CHUANG PECK MING [SINGAPORE] What does the government look for in its elite officers? A helicopter quality is one key requirement, according to Prime Minister Lee Hsien Loong. "The ability
      481 words
    • 773 2 Temasek fund mgt unit plans to launch 2 more unit trusts FULLERTON Fund Management, the fund management arm of Temasek Holdings, is seeking to register two more plain vanilla unit trusts —a global equities fund and a global bond fund. Once the funds are authorised, the firm will
      773 words
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  • Page 3 Advertisements
    • 40 3 Dresdner Global Internet Fund Winner or the Sector TMT Global (3Year) Category* and Best Equity Sector Allianz (Hi) Dresdner Information Technology Fund over 1 Year** Asset Management Source: *Standard Poor's 2005 Singapore Fund Awards The Edge-Upper Singapore Funds Awards 2004
      40 words
  • COMPANY NEWS
    • 238 3 DBS Asset Management has lost a key portfolio manager, Roy Phua, who resigned this week for "personal reasons", said a DBS spokesman. The resignation, said the spokesman, was unrelated to the Citiraya debacle. Mr Phua is closely linked to the firm's Asian equity portfolios,
      238 words
    • 478 3  -  Fullerton wants to register a global equities fund and a global bond fund Reports by GENEVIEVE CUA FULLERTON Fund Management, the fund management arm of Temasek Holdings, is seeking to register two more plain vanilla unit trusts a global
      478 words
    • 864 3  -  HOCK LOCK SIEW By R SIVANITHY ON Monday, this column highlighted a fallacious belief that still exists in the local stock market surrounding structured warrants that issuers speculate against the public by taking the opposite view of the instalment they offer. It is worth
      864 words
    • 3523 3 UNIT TRUSTS FUNDS Malaysia Eqty SGO!" 10W Malaysia Eqty USD 061V UPGuawmidSOn 1.0790W (>>** UP G'teed 5.0/2 1.0435# Star Europe Eqtyt 0-806/ UP deed 7 0/2 *****V Star Euope Bond U53J upffteedFundSOa 1.*****/ cHl ope r UP G-feed Fund 7.00 1.*****/ Upswing Fund 5.0/1 0*101/ Upswing Fund 7.0/1 0.*****/ to
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    • 582 5  -  Unlocking shareholder value a management issue, says company By JOYCE KOH THE minority shareholders' movement to unlock value in Overseas Union Enterprise (OUE) has come to an end, with the company yesterday saying that it was unable to accede to the group's request. In its
      582 words
    • 229 5  -  By JOYCE KOH INFORMATICS Holdings shares took another hard knock yesterday following its surprise proposal on Tuesday to raise up to $30 million its second fluid-raising exercise in six months. The counter slipped a further 2 cents or 8.3 per cent yesterday to 22 cents,
      229 words
    • 88 5 GREATRONIC, whose audit committee earlier this month lodged a report with the Commercial Affairs Department on a suspected fraudulent conduct, said last night that its director and non-executive chairman Huang Ming Lang has tendered his resignation. The latest statement came more than two weeks after Greatronic said
      88 words
    • 441 5  -  By CAROLYN QUEK THE Central Provident Fund (CPF) has appointed Singapore Post (Sing Post) as a new avenue for some 770,000 Singapore Telecommunications (Sing Tel) shareholders to sell their shares which are worth an estimated $1.8 billion. The appointment of Sing Post confirms BT's
      441 words
    • 584 5  -  PROPERTY DEALS Move will almost double investment property assets to HK$7.8b Reports by ALEXANDRA HO AFTER keeping the market guessing on when it would acquire more malls. Fortune Reit revealed yesterday that it has signed deals to buy six Hong
      584 words
    • 202 5 Reuters [BOMBAY] India needs to lay a foundation for real estate investment trusts (Reits) and allow foreign firms to buy buildings in order to attract funds into its developing property sector, said Asian property developer Ascendas. Real estate and building sector rules were
      Reuters  -  202 words
    • 247 5 CHEUNG Kong Holdings' executive director, Justin Chiu, is enamoured of Singapore's Business and Financial Centre (BFC), which is situated at Marina Bay. "I really like that piece of land. I think the BFC will be very sexy, like Manhattan. If you look at
      247 words

  • SINGAPORE MARKETS
    • 525 4  - Bluechip shakeout is it over? STOCKS STI down 24 points for the week after Fed's hawkish stance and high oil prices spark sell-off R SIVANITHY Senior Correspondent AT the start of the week, this column discussed the various factors that might prick the bubble which appeared to be developing in
      Source: Bloomberg  -  525 words
    • Article, Illustration
      948 4  -  Compiled by JOYCE KOH Mobile One March 24 dose: $2.01 PHILLIP SECURITIES. March 24 UNLIKE its competitors, Ml is a single country, single product play. It does not have an expansionist strategy and subscriber growth is halting. We downgrade our coverage with a "hold". StarHub has overtaken Mi's
      Source: Bloomberg  -  948 words
    • 545 4  -  CURRENCIES LARRY WEE Senior Correspondent THE US dollar put on another power surge in overnight trading, recovering to levels not seen in more than a month after Wednesday night's stronger than expected US February CPI number put more fear into the hearts of
      Source: Reuters  -  545 words
    • TRADES TO WATCH
      • 236 4 OAKWELL Engineering said that former substantial shareholder Koh Brothers Group (KBGL), which had a deemed interest of 57.73 per cent, has ceased to own any stake in the company. The company said this was a result of a distribution of G&W Group (Holdings) shares
        236 words
      • 110 4 CHINA Petrotech Holdings said See Hoy Chan Equities has raised its stake in the company from 9.81 per cent to 10.02 per cent through a single open market purchase. See Hoy Chan Equities now owns 24.5 milbon China Petrotech shares. The privately-held investment firm has
        110 words
      • 162 4  -  Compiled by JOYCE KOH SINGAPORE Land said its substantial shareholder United Industrial Corporation (UIC) has raised its deemed interest in the company from 70.8 per cent to 72.5 per cent. This was partly due to the open market purchase of294,000 SingLand shares by its
        162 words
    • Article, Illustration
      417 4 OTHER SINGAPORE INDICES Mar 24 VALUE CLOSE BT OB/OS -419.00 +188.00 BTCADI -*****.00 +98.00 BT 10-day MA -*****.00 -42.00 All-SG Equities 556.72 +1.28 5G Equities Elect 136.77 +0.32 SG Equities Fin 1631.07 +5.44 SG Equities Prop 556.45 -2.92 SIMSCI 255.59 +0.71 SiMSCI Futures 254.90 +0.80 MOST ACTIVE STOCKS VOLUME SunpowerUSIc
      417 words

  • Page 5 Advertisements

  • SINGAPORE NEWS
    • 623 6  -  Emissary debunks country's costly, high-tax, union-ridden image By VIKRAM KHANNA CONTRARY to perceived stereotypes and hearsay, France has one of the most investment-friendly regimes in Europe, and investors from Singapore should take note, the president of the Invest in France Agency (IFA)
      ARTHUR LEE  -  623 words
    • 525 6  -  By JEAN CHUA SINGAPORE must remain nimble and adapt to changes so that the economy can remain competitive, says the new permanent secretary to the Ministry of Trade and Industry (MTI), Peter Ong. Although Singapore has done well in the past couple
      525 words
    • 159 6 THE Agency for Science, Technology and Research (A*Star) yesterday announced that it has appointed Professor Charles Zukoski as the chairman of its Science and Engineering Research Council (SERC). Prof Zukoski. who assumed the chairmanship on Feb 1, is a vice-chancel-lor for research at the
      159 words
    • 468 6  -  By VEN SREENIVASAN INDONESIA'S decision to bar low-cost foreign airlines from flying intp its key cities is as much a blow for Asean aviation integration as it is for the airlines themselves, analysts say. In a move which surprised the market, Indonesia
      468 words
    • 322 6 Centrepoint sells 120 units of 8 Mount Sophia CENTREPOINT Properties has sold about 120 units in its 8 Mount Sophia condo during its preview, and is officially launching the project today, marked by the start of an advertisement campaign. The developer is raising the average price to about $730 per
      322 words
  • Page 6 Advertisements
    • 1730 6 NO NOTICE OF ANNUAL GENERAL MEETING HOTEL PROPERTIES LIMITED Company Reg No *****0348Z (Incorporated in Singapore) NOTICE IS HEREBY GIVEN that the Twenty-Fifth Annual General Meeting of the Company will be held at the Crescent Ballroom, Level 2, Four Seasons Hotel Singapore, 190 Orchard Boulevard, Singapore *****6 on Friday, 29
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  • ECONOMY WATCH
    • 267 7 Fixed-asset investment may rebound too as economy booms AFP [BEIJING] China's central bank pledged yesterday to maintain a stable monetary policy but warned that inflation and fixed-asset investments remain potential hot spots as the country's economy continues to roar ahead. "There had been
      AFP  -  267 words
    • 116 7 AFP [BEIJING] Direct investment in the 2008 Olympic Games will boost Beijing's average annual gross domestic product (GDP) growth by 2.07 percentage points in the lead-up to the event, state media said here yesterday. The State Information Centre said the total
      AFP  -  116 words
    • 211 7 Reuters [KUWAIT] Opec oil producers do not think the time has come to increase production by a further 500,000 barrels per day (bpd), the group's president said on Wednesday, after oil prices slid sharply. "There are consultations being taken by the president
      Reuters  -  211 words
    • 491 7 Finance minister says economy has huge liquidity Bloomberg [NEW DELHI] India's economy, poised to grow at an annual rate of about 7 per cent as Asia's fourth largest, won't be disrupted by rising interest rates in the months ahead, said Finance
      Bloomberg; AFP FILE PHOTO  -  491 words
    • 554 7 Bloomberg [BEUING] China's central bank will probably raise its benchmark interest rate this year to prevent inflation gathering pace in the world's fastest-growing major economy. The People's Bank of China (PBoC) is likely to raise its one-year lending rate at least 40
      Bloomberg  -  554 words
    • 205 7 Reuters AP Bloomberg [WASHINGTON] The number of US workers seeking first-time jobless compensation rose unexpectedly by 3,000 last week while US factories saw orders for big-ticket goods climb by 0.3 per cent in February after falling sharply the month before, according to government reports yesterday.
      Reuters; AP; Bloomberg  -  205 words
  • Page 7 Advertisements
    • 1857 7 free IMCM9BM2/ ImIL ii otke*#*pii .coflLfrg W" CSC HOLDINGS LIMITED (Incorporated in the Republic of Singapore) JV Company Reg. No. *****7845E ■HHHtMiililliiHMlHiiißiMHiHHlfllliiliiittiliilliliilHiHt IMPORTANT REMINDER 1. Commerzbank International Trust (Singapore) Ltd 2. All Holders of Loan Stock of CSC Holdings Limited ("the Company") NOTICE Holders of Loan Stock ('Loan Stockholders") who
      1,857 words

  • MALAYSIA/INDONESIA
    • 492 8  -  Boost for stock market if allowed but govt looking at drawbacks By PAULINE NG in Kuala Lumpur MALAYSIA, which lifted major capital controls on Malaysians in a surprise move on Wednesday, is now considering permitting short-selling of shares to boost its stock market. However, the government intends
      492 words
    • 254 8 Reuters [KUALA LUMPUR] Malaysian government bond prices fell yesterday, after the central bank said interest.rates were "significantly below neutral level", which investors took to mean that borrowing costs could soon rise. "It's a hint that rates will soon rise. Well, given all that's happening,
      Reuters  -  254 words
    • Article, Illustration
      29 8 [JAKARTA] Hundreds of Indonesian students, some throwing petrol bombs, clashed with police on Monday during a rally outside parliament to protest against government fuel price hikes REUTERS
      REUTERS  -  29 words
    • 130 8 AP [JAKAßTA] The Indonesian government will ask parliament to boost this year's defence budget by US$53B million, media reported yesterday. The planned increase comes amid a dispute between Indonesia and neighbouring Malaysia over an offshore oil and gas field that included a naval
      AP  -  130 words
    • 407 8 Reuters [HONG KONG/JAKARTA] The Jakarta stock market fell 2.42 per cent to 1,114.55 on news that Indonesia has delayed the sale of a stake in PT Bank Central Asia Tbk (BCA) because of low bids. Dealers said foreign investors were the main sellers in
      Reuters; Source: Bloomberg  -  407 words
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  • Page 8 Advertisements
    • 98 8 The Business Times is launching a Classified section for affluent home buyers like you to find out all about the hottest properties for sale in Singapore. Look out for this section in The Business Times tomorrow. THE BUSINESS TIMES K C A T S. I Buy It Stll It Find
      98 words

  • GREATER CHINA/INDIA
    • 362 9 Younger Ambani expected to give up claims to Reliance Industries flagship AFP [MUMBAI] A feud between the Ambani brothers running India's Reliance group, the country's largest private conglomerate, is nearing settlement, Indian media reported here yesterday. The media quoted sources as saying the
      AFP  -  362 words
    • 411 9 3 investment firms to take stakes in the China company AP Bloomberg [SHANGHAI] Three privateequity firms Texas Pacific Group, General Atlantic LLC and the Newbridge Capital LLC affiliate of Texas Pacific and Blum Capital Partners are close to taking a stake in China's Lenovo Group
      AP; Bloomberg  -  411 words
    • 306 9 Reuters [HONG KONG] The son of the ousted chairman of China's biggest property lender has gone missing from his investment banking job in Hong Kong at HSBC Holdings, sources said yesterday. The disappearance of Cheung Keikong, who failed to show up for work
      Reuters  -  306 words
    • NOTE BOOK
      • 83 9 Bloomberg [HONG KONG] China Insurance International Holdings Co, a Hong Kong-listed insurer part-owned by a unit of China's biggest bank, plans to set up a fund management company in China to invest the assets of its mainland insurance units. China Insurance,
        Bloomberg  -  83 words
      • 77 9 Bloomberg [BEIJING] China's banking regulator said it discovered fraud amounting to 115 million yuan (5522.9 million) at Agricultural Bank of China in two Inner Mongolia sub-branches. The China Banking Regulatory Commission said yesterday it found forged documents related to the case, dated between
        Bloomberg  -  77 words
      • 65 9 Reuters [HONG KONG] China's number two mobile carrier, China Unicom Ltd, said yesterday its profit rose 4 per cent in 2004, boosted by the purchase of nine provincial networks from its state-owned parent but less than markets had expected. Unicom reported a net
        Reuters  -  65 words
      • 75 9 Bloomberg PT HM Sampoerna said profit rose 42 per cent last year as sales increased, aided by higher prices and demand for its A Mild brand. Net income in the year ended Dec 31 rose to 1.99 trillion rupiah (Ss34B million), or 454
        Bloomberg  -  75 words
    • 405 9 This will provide global clout: finance minister Reuters Bloomberg [NEW DELHI] Indian Finance Minister Palaniappan Chidambaram said yesterday that state-run banks need to consolidate to add financial strength to their operations and emerge as global players. The ruling Congress-led coalition government is encouraging state-run banks,
      Reuters; Bloomberg  -  405 words
    • 279 9 Reuters [HONG KONG/BEIJING] The World Bank's private equity arm and Dutch financial giant ING will pay roughly US$225 million to buy into Bank of Beijing, the latest investment by outsiders eager to tap China's fast-growing but fragile banking sector. Sources close to
      Reuters  -  279 words
  • Page 9 Advertisements
    • 1085 9 no DKxd KXD DIGITAL ENTERTAINMENT LTD (Incorporated in the Republic of Singapore) Company Registration No. *****0931H NOTICE OF MANDATORY UNCONDITIONAL CASH OFFER FOR KXD DIGITAL ENTERTAINMENT LTD BY LIU FUSHENG 1. INTRODUCTION The board of directors (the "BortD of KXD Digital Entertainment Ltd (the "Company") wishes to inform shareholders of
      1,085 words

  • ASIA-PACIFIC/WORLD
    • 382 10 New owner plans to continue expanding waxwork museums, theme parks Reuters Bloomberg [LONDON] A private equity firm owned by the government of Dubai has bought Tussauds Group, home to the famous waxwork museums, for £800 million (552.5 billion). Charterhouse Capital Partners, the
      Reuters; Bloomberg  -  382 words
    • 644 10 100 injured, some critically; company rules out terrorism in 1999. —Reuters. Bloomberg [TEXAS CITY, Texas] Fourteen people died and about 100 were injured, some seriously, by a powerful explosion at a BP oil refinery in Texas on Wednesday. The explosion at the third
      in 1999. —Reuters. Bloomberg; AP  -  644 words
    • 259 10 AP [SAN FRANCISCO] Google Inc pampers its employees with free food and many other perks, but the online search engine leader is more stingy when it comes to rewarding the trio of billionaires who run the company. In a meeting held earlier
      AP  -  259 words
    • 422 10 Bloomberg [TOKYO] Softbank Investment Corp, a venture capital fund founded by billionaire Masayoshi Son, borrowed stock to become the biggest shareholder in Fuji Television Network, keeping the broadcaster safe from hostile takeover bids. Softbank Investment, a unit of Softbank Corp, borrowed 13.88 per
      Bloomberg; AP  -  422 words
    • 457 10 Reuters [KOH PHI PHI, Thailand] Graffiti sprayed on a wall on a tsunami-hit Thai island expresses the fears of millions now living precariously around the Indian Ocean: "Rich come for land. Poor man must go." In the wake of last December's killer wave,
      Reuters  -  457 words
    • WORLD WATCH
      • 106 10 Bloomberg [PARIS] Billionaire investor George Soros was found guilty of insider trading by a French appeals court, upholding a 2002 conviction and threatening to prolong a 16-year legal affair. The Paris appeals court ruled that Mr Soros's 1988 purchase of Societe Generale shares with the
        Bloomberg  -  106 words
      • 71 10 Bloomberg [FRANKFURT] SAP AG, the world's biggest maker of business-management software, said co-founder Dietmar Hopp will leave the company's supervisory board after seven years. Mr Hopp, who turns 65 in April, will leave the board after SAP's annual shareholders' meeting scheduled for May 12, it
        Bloomberg  -  71 words
      • 124 10 Reuters (NEW YORK] Coca-Cola Co on Wednesday announced it had created a new position to oversee its global marketing and advertising, giving a 20-year company veteran responsibility for Coke's efforts to turn around its sluggish sales. Mary Minnick, president of Coca-Cola Asia for the past
        Reuters  -  124 words
      • 107 10 Bloomberg [TOKYO] Shares of Toshiba Corp had their biggest drop in eight months after a US court ordered the chipmaker to pay U*****.4 million to Lexar Media Inc for violating an agreement to share flash memory technology. Toshiba fell 3.2 per cent, the biggest
        Bloomberg  -  107 words
      • 118 10 Reuters [WASHINGTON] An early end to a European Union arms embargo on China would complicate the biggest international warplane project to date, Lockheed Martin Corp's US$2OO billion-plus F-35 Joint Strike Fighter, the company's chief executive for the programme said on Wednesday. The US has eight
        Reuters  -  118 words
      • 115 10 [LONDON] The London Stock Exchange, currently in tie-up talks with rival Euronext, said it expects a "good outcome" for the year. Shares in Europe's largest share market said it had seen a pick-up in the number of firms listing on its markets and a
        115 words
      • 98 10 Reuters Bloomberg [TOKYO] Ripplewood Holdings, the first US buyout firm to acquire a Japanese bank, sold 481.3 million euros (Ssl billion) of stock in a fund holding other investments in the nation, doubling the size of the offer, bankers involved in the sale said. Ripplewood's RHJ
        Reuters; Bloomberg  -  98 words
  • Page 10 Advertisements
    • 208 10 Caß toB-frec 1810 289 8822 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF VENTURE INVESTMENT (SINGAPORE) II LTD Company Registration No. *****3714K (In Members' Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Cap.so, that
      208 words

  • WORLD
    • 583 11 Cambridge, Oxford rowers need funds to participate in 176-year-old race Bloomberg [LONDON] Oxford and Cambridge universities, whose 176-year-old boat race attracts 140 million television viewers worldwide, are turning to commercials for the first time to boost revenue after four
      Bloomberg; REUTERS  -  583 words
    • 535 11 NYT Reuters [NEW YORK] pacing their worst financial outlook in years, executives at General Motors (GM) want union workers to accept the same health benefit cuts already taken by white-collar workers. "We need a competitive plan for all of our employees," said Gary Cowger,
      NYT; Reuters  -  535 words
    • 403 11 Getting permanent successor for Number 2 job will be tough NYT [WASHINGTON] The Bush administration moved to fill a top post at the Treasury Department on Wednesday, but stumbled in its attempt to fill another. President George W Bush announced that he
      NYT  -  403 words
    • 381 11 Bloomberg [LONDON] Prudential Pic has ousted CEO Jonathan Bloomer four months after a £1 billion (Ss3.l billion) share sale that angered investors. The stock rose as much as 5.3 per cent. Mr Bloomer, 51, will leave the UK's second-big-gest insurer on May
      Bloomberg; PHOTOS: BLOOMBERG  -  381 words
    • 328 11 Reuters [LONDON] Seven finance directors have quit UKlisted firms so far this month, raising the suspicion that they have become the fall guys for corporate failure after the fraud-riddled collapse of power giant Enron. Victims so far in March include three at FTSEIOO
      Reuters  -  328 words

  • AVIATION
    • 566 12  -  Move partly due to Jakarta's freezing of new traffic rights to foreign LCCs By VEN SREENIVASAN [SINGAPORE] Thwarted in its efforts to quickly clinch routes into major markets such as Indonesia, China and Vietnam, Jetstar Asia is moving to secure new routes
      FILE PHOTO  -  566 words
    • 332 12  -  By VEN SREENIVASAN [SINGAPORE] ST Aviation Co Pte Ltd (Sasco), which provides passenger to freighter (PTF) modification services for DCIO/MDII aircraft, has been recognised as a Supplier of the Year by the Boeing Company at an awards ceremony held yesterday
      332 words
    • 390 12 Bloomberg [HONG KONG] China National Aviation Co, the biggest shareholder of Hong Kong Dragon Airlines Ltd and Air Macau, said it expects "healthy" business growth this year because of surging travel demand in Asia. The company's airline operations will benefit from "a thriving tourism
      Bloomberg; FILE PHOTO  -  390 words
    • 200 12 AFP [MANILA] Budget Philippines carrier Cebu Pacific will start flying to Shenzhen, China, next month, in line with the airlines regional route expansion, the Business World newspaper reported yesterday. Cebu Pacific, the seventh foreign airline to be granted landing rights at Shenzhen's
      AFP  -  200 words
    • 255 12 Bloomberg Bernama [KUALA LUMPUR] Air Asia Bhd, South-east Asia's biggest discount carrier, said it will start flights to Laos. Cambodia and Vietnam, reiterating plans to buy 20 more planes from Airbus SAS in addition to the 80 ordered earlier. The airline won landing rights
      Bloomberg; Bernama  -  255 words
    • 220 12 Reuters [DHAKA] State-owned Biman Bangladesh Airlines, which has been struggling to maintain schedules with its aged fleet, wants to buy 10 new wide-body aircraft, an airline spokesman said yesterday. Six of the aircraft would be Airbus A33os and four Boeing 7775, spokesman
      Reuters  -  220 words
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  • SHIPPING
    • 492 13  -  It cites cost, security, poor roads for proposing switch from air, land freight By DONALD URQUHART [SINGAPORE] The United Nations (UN) body overseeing international tsunami aid efforts in Indonesia's Aceh province is proposing a sea freight strategy as cargo for the
      492 words
    • 55 13 [CALAIS] A French Seafrance sailor painting "SEAFRANCE" on the P&O ferry Pride of Aquitaine. which tried to disembark at the harbour in Calais, on Tuesday. Seafrance's sailors were protesting against a French law proposal which would allow French ferries to hire a greater number of non-French sailors
      REUTERS  -  55 words
    • 255 13 Bloomberg [SINGAPORE] Hanjin Shipping Co, South Korea's largest shipping line, and Global Enterprises Ltd, plan to merge their container terminal operations at the country's two biggest ports to cut costs and increase revenue. The two companies are scheduled to sign a preliminary agreement today.
      Bloomberg  -  255 words
    • 305 13 AP [NEW DELHI] India will soon join an elite threemember club of countries that are now building aircraft carriers, a top Indian navy official said. Work has begun in the southern Indian port city of Cochin on a 41,340-ton aircraft carrier.
      AP  -  305 words
    • 784 13  -  ADMIRALTY CASEBOOK By SELVA KUMAR A CANADIAN Federal Court has ruled that a trial judge in a charterparty dispute may pierce the corporate veil of a group of related shipping companies, including one registered in Singapore. The court ruled that the corporate veil could
      784 words
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      283 words

  • EDITORIAL & OPINION
    • 488 14 EDITORIAL JAKARTA is expected to release its much-awaited masterplan for the rehabilitation and reconstruction of Aceh this weekend. Three months after the province was devastated by a deadly tsunami, life is anything but normal for hundreds of thousands of Acehnese. Given the scale of the disaster and
      488 words
    • 1120 14  -  Economists may be wrong to say that personal gain always takes precedence over culture By ROBERT H FRANK NYT A New Yorker cartoon depicts a well-heeled, elderly gentleman taking his grandson for a walk in the woods. "It's good to know about trees," he tells
      NYT; AFP  -  1,120 words
    • 699 14  -  THE BOTTOM LINE PAUL SAMUELSON Tribune Media Services FEDERAL Reserve chairman Alan Greenspan recently changed hip tune about future dangers of a run against the dollar. In contrast to previous sermons against continued White House budget deficits, Dr Greenspan tried to soothe frightened
      Tribune Media Services  -  699 words
    • 1603 15  -  China's dams and southward trade push are hurting a way of life by the river By JANE PERLEZ NYT FOR countless generations, fishermen along the Mekong River have passed their lore and way of life from father to son: the rhythms of the water, the habits of
      NYT; AP  -  1,603 words
    • 676 15  -  MATTHEW LYNN Bloomberg HEDGE funds have never been short of critics. They have been accused of overcharging, under-performing, destabilising the financial system and ripping off investors. Still, there is one charge that might have some substance to it: An unhealthy relationship is emerging between hedge
      Bloomberg; BLOOMBERG  -  676 words
    • 494 15 NYT editorial of March 24 Almost two months have passed since Iraq's elections, and people there are understandably impatient tp see a new government take office. But the real problem isn't the delay. Lengthy haggling over cabinet posts and other turf issues was inevitable among fledging
      NYT editorial of March 24  -  494 words


  • 10366 16 STRAITS TIMES INDEX STOCKS Stack m Qtm Outtf Hk> in O— O—g» AflyeenSOc 0.31 1.170 +0.020 Ml 20c 0M 2J010 *0.010 AKtodasrert 0.96 1970 *0.050 WX 116 3.700 -0.120 Bit Int) US20c 0.52 1 170 Nobte&pHiqV 0 78 1.500 -0010 Capita Land 159 2 480 -0.030 OCBC 9.80
    10,366 words

  • 5708 17 FINANCE COMMODITIES INTERBANK CROSS RATES Mar 24 AS Q Rmb Euro HKS Ind IU Wuptah Yen Won RM NgPrtlU No S$ Rand Sfr WTS toht Pound US$ Australia 0.939 6.400 0.595 6.031 33.872 72.821 0.823 7.837 2.938 1.077 45.877 41.910 1.274 4.778 0.923 24.333 30.021 0.413 0.773 Canada 1.065 6.818
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  • Page 18 Advertisements
    • 1865 18 I TO USA/CANADA I I EXPORT I I OTWgB DESTINATION I B l«» I« I TOjMOTWUA(AU«mAUAA«AtX»Hn« OOQTUNJIH 01 El 3 30/03 I 15/ M 21/04 22/04 20/ M 20/W 23/W HE STB MB. It PtO NEDtIfIYD KQIE 47E14 05/04 04/04 I 22/ M 21/ M 21A>4 27/D4 27/04 3111)4 |H
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    • 560 18 ftitiftftgrmo«p*Mwci —m pm ni in mn jkt STMITS *BCTUK 07/95 I 15 3.2 25-24/03 21/03 01/04 04/04 04/04 snurrs vsmiK ot/os 1$ om»/04 ham Slt/UTS yBCTUKW/OS I IS 12 20-21/04 23/04 21/04 01/05 03/05 Australian RORO SitVKS i in i stp m he an to SU2SCTR/H 01SUI 70 5J 13-13/03
      560 words

  • Page 19 Advertisements
    • 1029 19 urn C o range of trapping modes to ensure timely, refiable services covering major ports in y» ,a, > i-.-'— ir •A. i rfOTwi AivwncQ/ curopo jopon; asio, wtkq oi vRKma Als® hrtr9"/isfai ftK uk am KWANGYANG SHANGHAI YANTIAN XIAMEN QMGDAO if lAWAM JAKARTA SUtAIAYA HAONSMI6 »ANGKO< LAIM OiAiANG wqiwi
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    • 1055 19 IBSO. W SIM KT WgTpWt K RH WIS VBSR WT SIM JKT SUI HKG USW WIS NT HOWES Of3S 31/3 2/4 7/4 f/4 11/4 IV4 IV4 BWCWCBUjjt 504S 27/3 30/3 31/3 5/4 f/4 10/4 HTWBK Of2S 7/4 t/4 14/4 14/4 11/4 M/ 4 M/ 4 KMTCSTOtt SPSS V 4 f/4
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    • 653 19 W WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICD POINTS VBSfl I VOT ISM PJOAMGICOLOMRO M.SMVA COUMBO in maun Ml nmt nuu maw ttORCWBT mSLMtIL Wtfl Wtfl 12JB liitt— —-■HM-M-M-MHH-MSO ACCPTMG FQ TO COCMN, IUTKORW (VU COUMBO) MB UNBU C SO* CM n 9KVA) gomccimg bomb
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  • Page 20 Advertisements
    • 667 20 IAMf WALLENIUS WILHELMSEN website: http://www.2wglobol.com vpsa lk map how iiu my mi ok iirt kw «oi TARONGA Afso7 3201 MS 6JSM I 01/ M 22/04 30/04 04/0$ 01/05 07/05 10/05 TAPWU I AfSOS 4001 ms 6.3 M 09/04 04/05 13/05 17/05 21/05 19/05 iampere <1513 1 400i»«s |mm 29/04 07/05
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    • 1177 20 Vjgtt VOY SM PCU JflßSa JBtt M KI ww -{{8 Sfli PACBANDA 1403* 25/03 25/03 wmuui 11/fll WAU PACBANDA 1434N 24/03 27/03 Mil 410 Qj/04 I PAC BANDA 1435* 27/03 20/03 Of 2301 00W 27/03 21/03 YKSB 5f21 SB 0* PACBANDA 1434*- 21/03 2VM~ -ggffil 11* $g_ »2301 0100P 30/03
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    • 575 20 BSA X I MEl i nTsSriTeW!f93 l *(TSß^^Br MYANMA BH FIVE STAR LINE (My—r Mflrtwwl Um) Loading *for Yangon vessel vor sm pki pen pgu PAGAN 341W SID HPA-AN 330W SID IN MALAYSIA: lOUSTEAD SHIPPING AGENCIES KUI/PKL: 03-300 SOU PEN: 04-*****1S ACCEPTING CONVENTIONAL C6O HKG SM HG SN POI PA
      575 words

  • Page 21 Advertisements
    • 1389 21 m f\ Sport ignts: lAI Slkptaa bun (S) fit M (O NO; 145M*****1Z) \|i\ (I I ISOc3s»l<y7]To3 liJhli lank twttnaSingaporeo69S46 crnterasia Jetties uummm fo> 4373*433 w^tß*:»««.taur«sMiMs.(M SUPER EXPRESS SERVICE TO HONQ KONG JAPAN vtssa VOT OSK too sm no ww i w \*m |w \m I— lobc j*» |«b im
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    • 1247 21 Irn S lIVIIhO MAIN: TH: 6221-1333 FAX: 6221-5272 /rn\ LI IV CD custom sarvicbTE: *271-559* fax: ******90 I /J If I 7ZZ2* OfBUIOI COM: fO /fawfcn) SMGAfOCL TOMG XX) SMPfMG HI LTD q| HQ. 1 WwfUt: *ww^iifctun msa wf"mg» ioT~ |iosw|ui I vtssa I vot I raawl lUH6A MAS 12
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    • 451 21 MfWlfffi li 1 Milli ■■■■n&BtSa 26W 25-26/03 01-03/ M 09 10/04 1 ■PSfiPIUGBiSKY 268N 29-30/03 0547/04 1213 04 I ■MUmil TIGER WAVE 270N 02-03/04 0110/04 14-17/04 I tM r PTISartAB. 271N 05-06/04 12-14/04 19-20/04 HHIBiMH TIGEISU 272* 09 10/04 15-17/04 23 24/04 I JBmnGBSKY 273W 12-13/04 19-21/04 24-27/04 1 KTTiTTTilalfiifwi
      451 words

  • THE BUSINESS TIMES SHIPPING TIMES
    • 6855 22 ETA ETA Adwrtbtr VMM* Voyage Telephone ITA ETA V«Ml Voy»»e Telephone SIN Dcsfn Nam Nam N—hir Number SIN Oarfa Nam Mm M> mrnhrn To ABIDJAN (ABJ) 2003 Cote D'lvoire 21 *kotawirawan WRN873 *****673 02/04 09A)5 ChinaShpg KOTABERANI BRN585 ******96 0 1/05 Kyowa NAJRAN C332E
      6,855 words

  • executive lifestyle
    • 633 23  -  off the cuff jaime ee MY fellow Singaporeans: Are we elite or are we just, uh, fat? The past couple of weeks have been quite an eye-open-er. For one thing, we were told that we have what it takes to be the elite
      633 words
    • 556 23  -  The S'pore International Film Festival is a rare, surviving oasis of idealism, but even here finances intrude, reports PARVATHI NAYAR PARVATHI NAYAR WHEN the Singapore International Film Festival (SIFF) was founded 18 years ago, it was the only international film festival around in Southeast
      556 words
    • 969 23  -  By PARVATHI NAYAR AN arts festival such as the Singapore International Film Festival (SIFF) is a complex coalescing of talents and logistics, but nonetheless driven by the vision of individuals. Festival programming goes hand-in-hand with exposure, but SIFF's budget is always tight, and allows visits to just
      969 words
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  • ARTS/CINEMA
    • 576 24  -  FILM Stage Beauty is sort of like one of the bard's lesser works, says GEOFFREY EU GEOFFREY EU LIKE musicals, James Bond and movies about dysfunctional families, costume dramas featuring impeccable British accents spouting florid Shakespearean verse appear with something approaching clockwork regularity on
      576 words
    • 402 24  -  MUSIC By DAWN ENG SIM THE Singapore Chinese Orchestra's highly anticipated pre-tour concert last Friday marked not only its maiden voyage to Europe, tut also Michael Nyman's first foray into the Chinese orchestral medium. The concert began with the immensely powerful Hou Tu by Tang Jian
      402 words
    • 535 24  -  MUSIC By KANNAN CHANDRAN HAPPY artistes result in happy audiences. This philosophy underlines the Esplanade's approach to Mosaic. In part, one can appreciate this since a positive spin onstage often translates into a reciprocal response from the public. With Mosaic, this
      535 words
  • Page 24 Advertisements
    • 107 24 HH I m i m I A romantic sunset in the background A magical nautical themed setting An extraordinary wedding Only at Raffles Marina Make it happen. Call 6869 2222/33 iiTi i i« n j Diners Qub Credit Card To apply, cdL 6416 0980 Where to wine, dine and entertain...
      107 words
    • 118 24 Cafe Plaza Singapore Herttage Street Fare Featuring Back To The 60 s Hawkers' Food For Brunch High Tea Eveiy Saturday, 11.30 am to 4pm Remember the good oT days when Beach Road was once famous for its delightful hawker fare? Cafe Plaza now brings back these nostalgic herttage flavours every
      118 words
    • 100 24 The Most Relaxed Dining In The City Wok Grill is the perfect place to enjoy casual fare as you unwind in Its tranquil leafy courtyard of the Grand Plaza Parkroyal. Wok L Grill Promotion Special Western Set Menu with choice of Main Course. Dinner dally, 6pm 10 pm. $68 per
      100 words
    • 25 24 Arguably the BEST selection of TOP Australian wines in Singapore ttddQd Tungliri Shopping CeJitre Tt-I b 7 i ***** /98 *****9 9 /68 3170 i
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    • 39 24 ~1 MERITUS MANDARIN SINGAPORE T $r CANTONESE CLASSICS Reservations: Hjlj/^ *****262/66 K™ CHINESE RESTAURANT MERITUS MANDARIN A division of Overseas Union Enterprise Limited (Company Registration N0.*****0050E) 333 Orchard Road, Singapore *****7. Tel: +65 6737 4411. Fax: +65 6732 2361.
      39 words
  • Page 24 Miscellaneous
    • 155 24 CRYPTIC CROSSWORD ment (6) 23 Laundry not returned? That's 5 Exercising power or authority YESTERDAY'S SOLUTION capital! (10) but expecting to start late (7) Across: 1 Organelles, 6 Char, 9 24 Brethren don't accept split (4) 6 Preyed? (8) Point, 10 Nauseates, 12 For the 7 Led on round in
      155 words

  • BOOKS
    • 1531 25  -  Thrillers, travel tales and more. PARVATHI NAYAR and PEPPER LEE check out the arrivals this month PARVATHI NAYAR, PEPPER LEE EASTER weekend is not just for bobtails and chocolate eggs, it's for bookworms and steaming mugs of chocolate maybe iced, given the weather. Apart from offering
      1,531 words
    • Article, Illustration
      764 25 Never Let Me Go By Kazuo Ishiguro WRITER Kazuo Ishiguro is a master of memory and minutiae, and perhaps best at a combination ofboth. In his latest novel, Never Let Me Go, a middle-aged "carer" Kath H reminisces about life in Hailsham, a seemingly typical and elite English boarding
      764 words

  • 890 26  -  Making Time LARRY WEE whets BT watch-lovers' appetites with an early bird preview of the Swiss watch fairs LARRY WEE EACH year in April, watch-lovers the world over wait with bated breath for the release of 2005's latest and greatest from the annual Swiss watch fairs
    890 words
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