The Business Times, 1 April 2005

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Total Pages: 33
1 34 The Business Times
  • 13 1 THE BUSINESS TIMES SINGATOWmfffIs online at http://business-times.asial.com.sg MICA (P) 089/03/2005 Friday, April 1,2005
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  • 539 1  -  By SIOW LI SEN [SINGAPORE] Fock Siew Wah will step down from the board of DBS Group Holdings after seven years and some say his retirement marks the end of an era. According to sources, Mr Fock, who is also a
    FILE PHOTO  -  539 words
  • 139 1 Dsn 2.141.43 (+18.27) ST INDEX FUTURES 2,134.00 (+19.00) SIMSCI 254.00 (+2.18) SIMSCI FUTURES 251.60 (unch) MARKETS Thursday Change KLSECOMP 871.35 -6.40 NIKKEI 225 11,668.95 +103.07 HANG SENG 13,516.88 +91.13 SET INDEX 681.70 +8.67 ■JAKARTA COMP 1,080.17 +15.04 MANILA COMP 1,954.69 +3.31 SEOUL COMP 965.68 +10.23 SHENZHEN B 257.73
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  • 921 1  -  It says creditors will recover only 23 to 26 per cent of their loans in a winding up By WONG WEI KONG [SINGAPORE] China Aviation Oil (Singapore) has obtained the backing of creditors representing more than half its debts to oppose a
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  • Page 1 Advertisements
    • 50 1 jflgf AVIATION I Branson seeks more Virgin Atlantic flights IPO WATCH Investors spoilt for choice PG2 8 in Some have day jobs Some were mid<areer professionals But they all share a common passion. Read about the Singaporeans who make sacrifices to indulge their love for film-making EXEC LIFESTYLE, PG 34
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    • 34 1 EXEC LIFESTYLE \fonessa-Mae: Back to her roots COMPANIES ACCS shares plunge after SingPbst deal collapses PG3 The ultimate i fi it LUC iU Hr.i >n HowiCCEfc'i *S Sf f HOPAWD Watch of ,he year
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  • TOP STORIES
    • 769 2 ACCS stock dives with collapse of Sing Post deal INVESTORS bailed out of mobile phone services provider Accord Customer Care Solutions yesterday after Singapore Post called off a 123 million deal to buy into the troubled company. ACCS shares slumped 33 per cent to 23 cents as soon
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    • 1028 2  -  First day premiums average just 5.9% against 60% for last year's Q1 listings By TEH HOOI LING [SINGAPORE] The Singapore market is suffering IPO-fatigue after a deluge of 80 initial public offers last year. Enthusiasm for new shares has waned as is
      FILE PHOTO  -  1,028 words
    • 693 3  -  SingPost shares, by contrast rise to hit 87c before closing at 85.5c Reports by JOYCE KOH ISINCiAPORFI Investors bailed out of mobile phone services provider Accord Customer Care Solutions (ACCS) yesterday after Singapore Post called off a planned Si 23 million deal
      Source: Bloomberg  -  693 words
    • 257 3 (SINGAPORE) Singapore Post stressed yesterday that it called off its $123 million investment deal with Accord Customer Care Solutions (ACCS) because of prudence. Sing Post spokeswoman Janine Mathieu said a key requirement for the first part of the deal to be completed was
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    • 485 3  -  Tham Khai Wor presented with Max Lewis Gold Medal By CHEAH UI-HOON, LIZA LIN (SINGAPORE) In all businesses. one must be able to read the market and forecast trends, said'Tham Khai Wor. senior executive vicepresident of SPH Marketing, who won the top advertising
      FILE PHOTO  -  485 words
    • 495 3  -  By RONNIE LIM [SINGAPORE] There's another new power player in town. Keppel Corporation subsidiary Keppel Energy has started work on a 500 megawatt (MW) power station costing $525 million on Jurong Island. "The first pile went in today," Keppel Energy managing director
      495 words
  • Page 2 Advertisements
    • 161 2 ill Motions of "Merak" Dance, 100 x HO cm, 2004 j|L 111 J J Gadis Berntuinsa Ptitih. I*o x9O cm, 2005 l I I Father's Hug, 140 x9O cm, 2004 f I p SOLO PAINTING EXHIBITION OF k (9 I C n UTTVAVAT I THE BEST COLLECTION OF 1 M
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  • COMPANY NEWS
    • 677 4  -  WEE'S MOVES Move beneficial for UOB shareholders as it removes a major uncertainty, say analysts By ANGELATAN UNITED Overseas Bank's (UOB) proposal to divest about 35 per cent of United Overseas Land (UOL) has been praised by analysts for its simplicity and has put the
      FILE PHOTO  -  677 words
    • 274 4 Bloomberg UNITED Overseas Bank, Singapore's second-largest bank by assets, paid chairman Wee Cho Yaw as much as Ss7.B million last year when the bank reported a record profit. Wee. whose father founded the bank in 1935, was paid between 557.5 million and Ss7.B million last year,
      Bloomberg  -  274 words
    • 232 4 WEE Cho Yaw's property units will jointly redevelop Maryland Park into a highend residential condominium for local and foreign buyers. United Industrial Corp (UIC) said in a statement on Wednesday that it has roped in subsidiary Singapore Land (Singland) and United Overseas
      232 words
    • 247 4  -  By ANGELA TAN IN yet another sign of increasing synergy among the various wireless investments of Singapore Technologies Telemedia, its two units Star Hub and Indosat yesterday agreed to explore ways to improve mobile services for travellers between Singapore and Indonesia. The StarHub-Indosat
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    • 685 4  -  HOCK LOCK SIEW By AMIT ROY CHOUDHURY WOULD you rather talk to your four-year-old while seeing her on a phone screen via a video call or would you just settle for her voice on the phone? While the chances are you would want
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    • 380 5  -  By NANDE KHIN DELOITTE Touche Corporate Finance, adviser to the independent shareholders of Global Active, says only those with a negative short-term view of the company's trading prospects and those with larger holdings of shares should accept Osim's general offer for the company.
      380 words
    • 358 5  -  By VEN SREENIVASAN ASIA Pacific Breweries (APB) is putting another multi-mil-lion dollar keg behind its bar to quench China's thirst for beer. APB's 50 per cent-owned associate Heineken-APB (China) has signed a deal with Nantong Alcohol Industry to acquire 40 per cent
      358 words
    • COMPANY BRIEFS
      • 56 5 SINGTEL'S Australian unit, Optus, said yesterday it had bought Reef Networks for about As 93 million (S$ 118.3 million). It will also assume Reef s bond financing obligations of about AssB million. The purchase of Reef will help Optus save more than Asl2o million
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      • 30 5 SEA View HoteLhas retrenched all permanent employees from yesterday, while the board of directors has approved the cessation of salaries for executive directors from today.
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      • 33 5 UNITED Test and Assembly Centre Ltd (Utac) said it has completed the acquisition of Taiwan's Ultratera Corp in a share swap that was first announced last April 13.
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      • 30 5 BOUSTHAI) Singapore Ltd and its 79.5 per cent owned subsidiary, Salcon Pte Ltd, delivered Singapore's first dual membrane-based seawater desalination plant to Senoko Power Limited yesterday.
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    • 496 5  -  Investment trust will hold stakes in Wisma Atria and Ngee Ann City By KALPANA RASHIWALA GERMAN insurer Ergo is getting ready to float a $1 billion Orchard Road real estate investment trust (Reit) holding stakes in Wisma Atria and Ngee Ann City in
      FILE PHOTO  -  496 words
  • Page 4 Advertisements

  • Page 5 Advertisements
    • 357 5 r mk M 1988) A leadMfr Israeli company with proprietary technology for the diamond industry Established in Israel in 1988, we develop, Invitation in respect of 62,200,000 ordinary shares manufacture and sell precision technology products comprising 52,000,000 New Shares and 10,200,000 thit use 3-D geometric measurements and apply Vendor Shares
      357 words

  • SINGAPORE MARKETS
    • 539 6  -  STOCKS Traders still reluctant to venture too far away from stocks for which there is definite, tradeable news R SIVANITHY Senior Correspondent TH \NKS t<< a \\ednesda> bounce on Wall Street and probable quarterending window dressing. the Straits Times Index yesterday regained IS 27
      Source: Bloomberg  -  539 words
    • 54 6 TEMASKK Holdings has cut its deemed interest in RafTles Holdings from 64.24 per cent to 63.99 per cent. This was done on Tuesday via a series of open market sales by some Temasek-linked companies. Shares of Raffles Holdings lost one cent to close
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    • 63 6 THIRD Avenue Management has increased its direct stake in Boardroom Ltd from 7.54 per cent to 8.47 per cent. This was done in a series of transactions from March 1 through March 11. This brings the total number of Boardroom shares owned by
      63 words
    • 56 6  -  Compiled by NANDE KHIN KIM Tian Moh, a substantial shareholder in Chip F.ng Seng Corporation, yesterday trimmed his direct stake in the propertydeveloper and construction company from 5.59 per cent to 5.5 per cent through a married deal. Shares of Chip Hng Seng
      56 words
    • 826 6 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS lebMWtiel Ho of Prico SHAREHOLDING UmnImUm In' Uwrn Nr M4»r« After Ht* Tr—« Dm Mrtff W« 000 SfcrJ 000) 000) Mu*t. JIMjrOS Foo Suon So> Buy 10 0 23 *****3 38 74 *****3 38 74 Mult, them 31 Mor OS Hon Juot Moon -Buy
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    • Article, Illustration
      962 6  -  Compiled by JOYCE KOH United Overseas Bank Mart* 31 dear SUM KM DIG RESEARCH, March 31 IMPENDING divestment of UOL is marginally positive. The divestment mechanism enables UOB to dispose of its stake in the thinly traded property company at close to market prices. Stake in UOL will
      Source: Bloomberg  -  962 words
    • 460 6 CURRENCIES Reuters I NEW YORKI The dollar fell sharply yesterday after inflation data for February matched expectations, muzzling bulls who hoped for more reasons for the Federal Reserve to raise rates more aggressively than it has so far. The US core personal consumption expenditures
      Reuters; AFP  -  460 words

  • COMPANY NEWS
    • 400 7  -  IPO WATCH Israeli company is offering 62.2m shares at 35.5c apiece By MICHELLE QUAH THF Singapore Exchange will get a touch of the exotic next week when the firstever Israeli company begins trading. Sarin Technologies, a diamond-indus-try player, has received the official go-ahead for a listing,
      400 words
    • 91 7 CHINA'S Yaan Security Technology a CCTV security and surveillance products developer is looking towards a Sesdaq listing. It lodged its preliminary prospectus with the Monetary Authority of Singapore yesterday. Yaan chairman Ye Chen believes that business will be greatly boosted by China's entry to
      91 words
    • 258 7  -  By RAJU CHELLAM CHINA-BASED telecoms product supplier China City One Communications has lodged its preliminary prospectus with the Monetary Authority of Singapore (MAS) to seek a listing on the main board of the Singapore Exchange. The company makes and sells public telecoms products and
      258 words
    • 212 7  -  By JOSEPHINE TAY SESDAQ-ASPIRANT EM Holdings, designer and maker of polyresin giftware products, yesterday lodged its preliminary prospectus with the Monetary Authority of Singapore for its proposed initial public offering (IPO) and listing. Hong Kong-based FM plans to raise about $10 million to
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    • 207 7  -  By AMIT ROY CHOUDHURY ELECTROTECH Investments, which provides contract design and manufacturing services, yesterday lodged preliminary listing documents with the Monetary Authority of Singapore. The mainboard aspirant wants to raise funds to buy and upgrade machinery and facilities at its existing plants, expand into Eastern Europe
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    • 213 7 MMHHl tiDUM (9VHfi> (2S) (IW) 'mb' »£5r wtiBSwii) (5S) mnsm 15.*****5 N *****0A 1998 43/8 3600.00 15/4 15/10 167 101.30 1.95 SG********** 01.*****6 N*****0E 2004 1 2700.00 1/8 1/2 58 99.19 1.98 SG********** 01.08.2006 N*****1F 2004 1 3/8 2600.00 1/2 1/8 58
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  • Page 7 Advertisements
    • 404 7 S^^mutkm Congratulates the Winners of the Max Lewis Awards 05 i mr am kha| w r CHAN 1 MAX LEWIS AWARDS 1976 MALAYSIA 1981 SINGAPORE 1987 MALAYSIA I Medal of Merit Gold Medal Gold Medal WINNERS Low Keng Wah Benta Publishing Djßm«J<h^- Nestles Products (M) Ltd Oscar Fernandez Editor of
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  • SINGAPORE NEWS
    • 533 8  -  2-year delay due to financing issues which developer is close to resolving By KALPANA RASHIWALA THE Singapore Flyer a giant observation wheel attraction planned for Marina Centre has been delayed, owing to the project's complex legal and financing arrangements. However, its developer,
      533 words
    • 430 8  -  By MICHELLE QUAH A JAPANESE company has won the Singapore Environmental Beporting Award (Sera) for the second year in a row a sign that Japan may be the country to learn from on corporate social responsibility. ISK Singapore, which makes titanium dioxide pigment, won
      430 words
    • 274 8 PAYMENT issues between contractors are set to be resolved more easily with the first batch of adjudicators being accredited by the Singapore Mediation Centre (SMC) yesterday. The first 32 people to be accredited under the Building and Construction Industry Security of Payment legislation received
      274 words
    • 220 8 THE National Development Ministry said seven new members will join the board of the Building and Construction Authority (BCA) from today. The new members, who will serve two-year terms, are a mayor, industry leaders, and public-sector appointees. They are Dr Teo Ho
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    • 634 9  -  Firms are deemed to be 'dominant' if they have a 60% share of the market By CHEN HUIFEN SMALL and medium-sized enterprises (SMEs) are unlikely to be affected by the Competition Act, and may even benefit from a bigger room to grow, going
      634 words
    • 381 9  -  By LIZA LIN SWISS spatial information technology company Leica Geosystems Technologies (LGT) opened its global headquarters for levelling and alignment (1>&A) products in Singapore yesterday, and announced plans to spend $3 million in research and development here annually. Hans Hess, chief executive of Leica
      381 words
    • 236 9 Investment body's fourth overseas deal in a month costs more than 12b yen GIC Real Fstate (GIC RF), the Government of Singapore Investment Corps property investment arm. has bought three service apartments in up-market Japan, its fourth overseas deal over the past month. GIC
      236 words
    • 311 9 THE weekend is set for more showflat action with two more property developments being launched. Those who are keen on city living will have one more choice urban condo One Oxley Rise. Developed by Hor Kew on a 20,677 sq ft site in Oxley Road,
      311 words
    • 347 9  -  By ARTHUR SIM PROPERTY auctions for the first quarter of this year reached a value of $37.34 million. Much of the activity comes from lenders selling the homes of borrowers in default. Although the figure was an increase of 36.8 per cent over the previous
      347 words
  • Page 8 Advertisements
    • 72 8 :is i H M isi I h Jj An Exclusive One-Night-Only Dinner Performance Not To Be Missed! The Raffles Ballroom, For bookings, please call presented by laic mSemNt Raffles City Convention Centre, LAMC Productions at 6324-0764 2r The Stamford, Level 4 (individual bookings included) (X) Dinner, followed by performance, or
      72 words

  • Page 9 Advertisements
    • 173 9 Notices CLARIFICATION: Financial Information: SurfroMow* ifchnoiogy (Holcfings) UcL In December 2004, SMT received the Asia Pacific Technology Fast 500 Award presented by Deloitte Touche Tohmatsu to recognise Asian Pacific technology companies that had achieved the highest annual growth rates of revenue over the past three years. SMT's revenue in FY2004
      173 words
    • 1117 9 beaulychina BEAUTY CHINA HOLDINGS LIMITED (Incorporated in the Cayman Islands with limited liability) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Beauty China Holdings Limited (the "Company") will be held at Connaught Room, Level 2, Carlton Hotel Singapore. 76 Bras Basah Road. Singapore
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  • ECONOMY WATCH
    • 440 10 Outstanding sum enough to slash US budget deficit substantially NYT (WASHINGTON) If the federal government could collect all of the taxes it is owed, the nation's budget deficit could be slashed dramatically. according to an Internal Revenue Service (IHS) study released on Tuesday. The
      NYT  -  440 words
    • 284 10 Financial account turns around with RM15b net inflow Bernama LUMPUR] Malaysia recorded a bigger surplus in its overall balance of payments in 2004 to RM83.1 billion (Ss36 billion), up 112.5 per cent from RM39.1 billion in 2003, the Statistic Department said. Of this, the current account
      Bernama; AFP  -  284 words
    • 398 10 AFP (BEIJING] More than 300 million Chinese will move from the countryside to the cities by 2020, changing the face of the world's most populous nation forever, state media said yesterday. The trend is culminating right now as millions leave their rural
      AFP  -  398 words
    • 242 10 AP. Reuters (WASHINGTON] Americans' incomes, bolstered by strong gains in hiring, rose by 0.3 per cent in February while consumer spending climbed at an even faster pace of 0.5 per cent, the government reported yesterday. The Commerce Department said the gain in spending followed
      AP.; Reuters  -  242 words
    • 34 10 UNIT TRUSTS FUNDS LEGEND:All prices are indicative;Broadly Diversified; Narowly Focused;$ Lower Risk;^ Low to Medium Risk;& Medium to High Risk;** Higher Risk;open-ended;+Before subdivision of units;After subdivision of units;SP after stock split N.A-Non Dealing Day
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  • MALAYSIA/INDONESIA
    • 662 11  -  AmInvestment's listing culminates 5 years of group's restructuring By S JAYASANKARAN in Kuala Lumpur THE imminent listing of Amlnvestment Group (AIG), the investment banking arm of AMMB Holdings, Malaysia's fifth biggest lender, will represent a triumphant comeback of sorts for AMMB's controlling shareholder
      BLOOMBERG  -  662 words
    • 370 11  -  By PAULINE NG in Kuala Lumpur OCBC Bank, which yesterday officially launched its central processing office in Cyberjaya, may in the future establish a similar setup for its insurance subsidiary Great Eastern. Should its operations e2 Power in the wired town
      FILE PHOTO  -  370 words
    • 253 11 Reuters [JAKARTA] Indonesia's sovereign credit rating has "a very good" chance to be lifted partly on a stronger fiscal outlook, a Standard Poor's (S&P) official said yesterday, but he cautioned structural issues may get in the way. S&P director Takahira Ogawa
      Reuters  -  253 words
    • 4 11
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    • 526 11 Reuters [KUALA LUMPUR] Malaysia's newly listed stock exchange is looking to return some of its RMB6O million (***** million) cash pile to shareholders, saying it only needs up to 60 per cent of that to rim the business. "This money is more
      Reuters  -  526 words
  • Page 11 Advertisements
    • 178 11 sfcf *il K t. lils IHUf 1 4 r v i f 1 j*. n®(i I k* I J Global Corporate Services Company Formation Foreign Direct Investment Virtual Offices Since 1975 OCRA Worldwide has been providing offshore incorporation and administration solutions for Asian and International businesses. We have been at
      178 words

  • GREATER CHINA
    • 449 12  -  It should model itself as a service hub, draw foreign talent and business From CHUANG PECK MING in Shenzhen IN tapping neighbouring Hong Kong's energy and international connections, Shenzhen is on the right track, according to Minister Mentor Lee Kuan
      LIM WUI LIANG/ST  -  449 words
    • 344 12 Bloomberg. Reuters [BEIJING] China's banking regulator said eight foreign investors are in talks to invest in domestic lenders, aiming to tap the country's rising household savings and catch up with Citigroup Inc and HSBC Holdings Pic. Chinese lenders will benefit from the investment as
      Bloomberg.; Reuters  -  344 words
    • 198 12 AP [HONG KONG] Three US private equity firms have agreed to invest US$35O million in China's top computer maker, Lenovo Group Ltd, with part of the investment going toward Lenovo's purchase of International Business Machines Corp's (IBM) PC business, the company said yesterday.
      AP  -  198 words
  • Page 12 Advertisements
    • 1889 12 I Notices IN THE MATTER OF THE COMPANIES ACT (CAP. 50,1994 ED) AND IN THE MATTER OF RHEMA CENTRE PTE LTD (In Creditors' Voluntary Liquidation) (Company Registration No. *****3895R) NOTICE OF RESOLUTION At an Extraordinary General Meeting of the members of the abovenamed Company duly conveoed and held at 100
      1,889 words
    • 694 12 IN THE MATTER OF THE COMPANIES ACT (CAP. 50,1994 ED) AND IN THE MATTER OF ONE LEARNING PLACE PTE LTD (In Creditors' Voluntary Liquidation) (Company Reg. No. *****2142 C) NOTICE OF RESOLUTION At an Extraordinary General Meeting of the members of the abovenamed Company duly convened and held at 1
      694 words
    • 1610 12 Notices OSIM INTERNATIONAL LTD 111 (Incorporated in the Republic of Singapore) (Registration No. *****4191N) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of OSIM INTERNATIONAL LTD ("the Company") will be held at 65 Übi Avenue 1 OSIM Headquarters. Singapore *****9. on Monday. 18 April
      1,610 words

  • INDIA
    • 442 13 Fail in farm output offsets strong manufacturing, services growth Reuters [NEW DELHI] India's annual economic growth slowed to 6.2 per cent in the Octo-ber-December quarter of 2004, a shade higher than forecast, as a decline in farm output offset strong performances in manufacturing and
      Reuters  -  442 words
    • 332 13 Bloomberg [NEW DELHI] India, Asia's third-largest oil consumer, has offered stakes in two refineries run by state-owned companies to Saudi Arabian companies, India's Oil Minister Mani Shankar Aiyar said on Wednesday. The government is offering stakes in the refineries located in
      Bloomberg  -  332 words
    • Article, Illustration
      58 13 Reuters [NEW DELHI] A resident catching up on the news.in front of a shuttered shop during a protest against the value-added tax here on Wednesday. Traders around India shut their shops that day at the start of a three-day protest against the tax which takes effect across 21
      Reuters; REUTERS  -  58 words
    • 410 13 Pfizer's claims thrown out by patent office AFP [MUMBAI] Ranbaxy Laboratories Ltd, India's biggest drugmaker, won approval to sell a generic anti-choles-terol drug in Austria after the country's patent office rejected a claim it had violated an existing patent of US pharmaceutical
      AFP  -  410 words
  • Page 13 Advertisements
    • 417 13 Immediate opportunity available to develop a commercial and/or residential property of 2.5 million square feet over an area of about 30 acres, valued at over f US$5O million, in Hyderabad, India. 1 Hyderabad is one of the most progressive cities in India and a sought after destination if for multinationals
      417 words
    • 366 13 Notices IN THE MATTER OF THE COMPANIES ACT (CAP. 50, 1994 ED) AND IN THE MATTER OF RHL PTE. LTD. (In Members' Voluntary Liquidation) (Company Reg. No. *****1478N) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act (Cap. 50,1994 Ed), the Final
      366 words
    • 597 13 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND MERINO INVESTMENT CO. (PTE.) LTD (In Members' Voluntary Winding Up) REG. NO. *****5419R At an Extraordinary General Meeting of the Company held at 10, Kian Teck Crescent, Singapore *****6 on the 24th day of March 2005, the following Special and
      597 words
    • 982 13 (Registration Number: *****2465W) NOTICE IS HEREBY GIVEN that the Nineteenth Annual General Meeting of I.R.E. CORPORATION LIMITED will be held at 123 Genting Lane, *07-01 Yenom Industrial Building, Singapore *****4 on Monday, 18 April 2005 at 10.00 a.m. for the following purposes ORDINARY BUSINESS 1. To receive the audited accounts
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  • Page 14 Advertisements
    • 2366 14 £q| Sinwa Limited (Co. Reg. No.: *****6542H) SINWA (Incorporated in the Republic of Singapore with Limited Liability) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 2005 Annual General Meeting of the shareholders of the Company will be held on Tuesday, 19 April 2005 at 18 Cross Street
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    • 383 14 IN THE MATTER OF THE COMPANIES ACT. CAR 50 AND IN THE MATTER OF NETKRAFT SOLUTIONS PTE LTD (Company Registration No: **********)1 (Members' Voluntary Liquidation) NOTICE IS HEREBY GIVEN, thai pursuant to Section 308 of the Companies Act. Cap. 50. the final meeting of the members of the abovenamed Company
      383 words
    • 2247 14 FDS NETWORKS GROUP LTD. NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the Annual General Meeting of FDS NETWORKS GROUP LTD., an exempted company incorporated with limited liability in Bermuda (the "Company") will be held at 77 Bencoolen Street #02-01 Singapore *****3 on Friday, 22 April 2005 at
      2,247 words
    • 1124 14 'RE P U B h L IC h O F Q SIN G Companies Winding Up No 207 of 2000 In the Matter of the Companies Act, Cap 50 and In the Matter of UNI TECHNOLOGY (S) PTE LTD (In Liquidation) Reg. No. *****1475E NOTICE OF MEETING OF CONTRIBUTORS Take
      1,124 words

  • ASIA-PACIFIC/WORLD
    • 813 15  -  Laos, Myanmar and Cambodia can catch up if they liberalise From JEAN CHUA in Phnom Penh THE newest members of Asean have the potential to grow and catch up with the rest of the region but the speed and extent of develop. nent
      813 words
    • 229 15 Trade body cites higher flows to China, increased bond sales Bloomberg INKYV YORKI Investment in emerging markets will keep rising this year, helped by higher flows to China and increased bond sales, according to a group that represents more than 300 international banks.
      Bloomberg  -  229 words
    • 689 15 He says the firm is 'fundamentally' sound Reuters. NYT [PALO ALTO] HewlettPackard's (HP) newly appointed chief executive Mark Hurd said on Wednesday it was too early to consider spinning ofT the company's lucrative printer business, a move that many investors and analysts have clamoured
      Reuters.; NYT  -  689 words
    • 225 15 Bloomberg [WASHINGTON] Pay gains for top US executives climbed "considerably" from the early 1990s and have "gone far beyond" what can be explained by earlier merit-based measures, a compensation study by two professors shows. Lucian Bebchuk of liar- vard Law School and Yaniv (irinstein
      Bloomberg  -  225 words
  • Page 15 Advertisements
    • 134 15 Where to wine, dine and entertain... ""taa« 7 ■HSMHE! WWW.diners.COm.Sg tnlematumr Groove to chill-out music as you indulge in the awesome nightscape of the island. Sun to Thu 10.30pm to I.ooam Fri, Sat Eve of P.H. 10.30pm to 2.00 am Enquiries 6831 6258/88 E3.. M MERITUS MANDARIN A division «»l
      134 words
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      42 words
    • 165 15 Cafe Plaza Euro-Asian Buffet WrrH Thai Food Fare Ito 17 April 2005 You'll be exclaiming "a-roy mak!" (means very delicious in Thai) when you are through with this Appetisingly fresh and piquant Thai dishes such as Tom Yam Gung Beet Tendon Ox-Tripe Kuay Teow Soup. Roasted Duck in Red Curry
      165 words
    • 200 15 y For reservations, please call *****661 252 North §fidge Road #02-19 Raffles City Shopping Centre Singapore *****3 FOOK YUEN BIUFWO* Terms Conditions -1/2 a chicken for every 2 persons Hong Kong Sun Fook Yuen Seafood Restaurant nq further discounts for promotion 2F 410 Kwun Tung Road, Kowloon, Hong Kong set
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  • AVIATION
    • 367 16  -  Expansion will see Messier-Bugatti hire 50 workers at 1,500 sqm campus By VEN SREENIVASAN [SINGAPORE] In a move to further boost its Asian presence and tap the growing regional aviation sector, European aircraft component and systems specialist Messier-Bugatti has sharply expanded its
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    • 269 16  -  By VEN SREENIVASAN [SINGAPORE] Budget carrier Jetstar Asia is introducing portable video-on-de-mand services on its flights. The Qantas associate has signed a memorandum of understanding with Wencor/APS, a US-based airline service provider, to provide a portable in-flight entertainment device called
      269 words
    • 385 16 AIRLINE CODES: AA: American Airlines (AAL), AF Air France (AFR), AI: Air India (AK), AY Finnair Oy (FIN), AZ: Alitalia Airlines (AZA),BA: British Airways Public Ltd Co (BAW), BG Biman Bangladesh Airlines (BBC), BI: Royal Brunei Airlines Sdn Bhd (RBA), BO Bouraq Airlines (BOU), BR EVA
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    • 360 16 Bloomberg [MUMBAI] Richard Branson's Virgin Atlantic Airways Ltd, which began flights to Mumbai yesterday, wants to increase flights to India to take advantage of rising demand. Virgin, which in February raised its frequency to New Delhi to daily flights from three a
      Bloomberg  -  360 words
    • 485 16  -  By VEN SREENIVASAN [SINGAPORE] While global air traffic slowed somewhat in February, Asian carriers enjoyed a rebound in the aftermath of the December tsunami, thanks to increased travel during the Chinese New Year period. That, in a nutshell, was the message
      485 words
    • 767 16  -  AIRLINE PROFILE It will boost capacity as cargo loads rise, says VEN SREENIVASAN VEN SREENIVASAN HE top item on Ram Menen's wishlist is planes. "The limitation to our growth is capacity availability," said the senior vice president of Emirates Sky Cargo. "The challenge for
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  • SHIPPING
    • 573 17 The Middle East state is aiming to export 77m tonnes of the gas by 2012 Reuters [SEOUL] Gas giant Qatar will spend US$l5 billion over the next five years to add 70 vessels to its fleet of tankers to export more
      Reuters  -  573 words
    • 303 17 SGX '000 M»31 SS W- Vol CH Offshore .035 unch 212 Chuan Hup 0.71 unch 706 Cosco Corporation 1.60 0.03 4074 CWT Distribution .0.61 unch 0 Ezra Hldgs 1.09 0 01 53 Freight Links 0.09 unch 174 Grand Banks Yacht 1.01 0.01 60 Java Holdings 1.07 0.01 223
      303 words
    • 63 17 [SAMUT SAKORN. Thailand] A fishing boat with its crew cruising at the Ta Chalom port as fishermen stage a protest against the hike in fuel prices in SamutSakorn province, central Thailand yesterday. Government-fixed diesel prices in Thailandjumped 20 per cent last week, as the state moved to cut
      AP  -  63 words
    • 401 17  -  By AL LABITA in Manila DOUBLE-DIGIT growth in container cargoes handled by subsidiaries in Brazil and Poland pushed earnings of the Philippines' largest port operator to a record high last year. Listed International Container Terminal Services Inc(ICTSI) said aftertax profit surged 101.1
      401 words
    • 260 17 AFP [KUALA LUMPUR] Gun-wielding pirates attacked a Malaysian tugboat and kidnapped three of its crew members in the Sulawesi Sea close to Philippine waters, police and officials said yesterday. Eive gunmen, armed with assault rifles, boarded the boat in Malaysian waters off Semporna
      AFP  -  260 words
    • 504 17 China's rising trade boosts demand for cargo space Bloomberg (HONG KONG] Hutchison Whampoa Ltd, the world's biggest port operator, said earnings from its container terminal business rose 17 per cent last year after rising trade boosted cargo volume. The port unit's
      Bloomberg  -  504 words
  • Page 17 Advertisements
    • 446 17 SOUTH EAST ASIA AND SOUTH ASIA AUSTRALIA TRADE FACILITATION AGREEMENT NOTICE TO TRADE BUNKER ADJUSTMENT FACTOR (BAF) Arising from the regular review of bunker prices, the following Lines in the South East Asia and South Asia Australia Trade Facilitation Agreement wish to inform the trade that with effect from 1
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  • Page 18/19 Advertisements
    • 259 18/19 PJPWBfeSp^^'' Groove to the city beat! <*%$*- iBH|BHIHH I— magine living in a world cocooned by the emerald green jii» B features and cool water where you can escape from the Alllr n m 5 w m your doorstep m from j J Vw to the Istana Plaza if Interchange
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  • EDITORIAL & OPINION
    • 479 20 EDITORIAL WITH government regulations, a code of corporate governance, SGX's listing rules and its numerous reporting requirements and the various codes of conduct, Singapore investors have embraced the "audit culture" with gusto. Perhaps it is time they demanded greater accountability as well be it cases of inept
      479 words
    • 1254 20  -  Without solid support from China, the US needs to rethink its strategy on North Korea LEON HADAR Washington Correspondent DURING her recent trip to Seoul, Beijing and Tokyo, US Secretary of State Condoleezza Rice tried to focus on the need to press the North Koreans to return
      AFP  -  1,254 words
    • 779 20  -  THE BOTTOM LINE ANDY MUKHERJEE Bloomberg IT takes almost three months to start a new business in India, and 10 years to close an unprofitable one. If the Indian government could cut those two numbers by half, foreign direct investment (FDI) into
      Bloomberg  -  779 words
    • 2072 21  -  Hedge funds have ballooned from under US$40 billion 15 years ago to mind-boggling sums of nearly US$1 trillion today By JENNY ANDERSON, RIVA D ATLAS NYT MXNHATTFVS unlikely new "it" crowd Bicher than Wall Street rich and more willing to take risks than
      NYT; LUDWIG ILIO/ST  -  2,072 words
    • 484 21 IHT One of th«* oddest sights for \isitors to the industrial city of Dongguan j n China is the bright red banners proclaiming labour shortages at massive, modern factories, l abour shortages in China? "Our company has vacancies for unskilled workers," says a banner outside the Dongguan
      IHT; AP  -  484 words

  • Page 21 Advertisements
    • 103 21 Looking for Landed Properties or Condominiums? 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 fff CAT.?. Buy It. Sell
      103 words

  • 2640 22 SGX XTRANET S2-Wk Tel Last Vol Day List Quote GrOiv Oiv GrYld Net MCap High Low Cod* Company Sale ('000) High Low »uyef Se<*f Cvr S P/t tmil 6065 Diamonds US2060cd 2120 6095 IS DJ US Tech US3740 6097 IS MSCI Spore US5S5 6101 IS S&P500 US8270 6170
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  • 3501 23 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES tatoulavr MU MUtt Sdjr dy %dy %yr M» ill hxtem Charge CKange CK*-vge Cnangc Change Chanqt W.->blrete» FVet.rroiwy S49 3 03 04 04 10 04 2.1 iiAlt rtswnrnary 7921 04 26 -01 01 00 13 Hnupe Ptetorwary 1096 6 41 35 00 07
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    • 1946 24 I TO USA/CANADA I I EXPORT I I OTHER DESTjNATjONS I |«SB jvOT |ws [n.»|lQ»luol|Mlul|inin<l.|«M»w|o.uai|«wtM. TO AUSTRALIA (AUSTRALIA ABIA EXPRESS) ooGmwi 0,1,3 M in* n/w vissii vor cta sw ntc m mm $ro 1 m am lOWHitmiß* 4W4 OSW 01W 72 W TIW 71W 77 W 77 W JOW PIO
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    • 873 24 IINTIRASIA RORO SERVICE vßsa/vor umn) hbcktw wo km n I aw m siuinwmiMo7/0s is 31 n?4/03 71/03 01/04 04/04 04/04 STRAITS VfNTUIf 01/05 IS 1? Ol4f/04 11/ M STtAITS WNTUB 04/05 IS 3? 70 71/04 73/04 71/04 01/ OS 03/0S [AUSTRALIAN RORO SERVICE VBSa/VOT »M»OtT) HBGWTW 13 151 IXT MB
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  • Page 25 Advertisements
    • 1111 25 MOL Combines a ronoe of shtDoina modes to miiuh finiitv. reliable services coverina motor norti in Norm America, Europe, Japan, Asia, Africa Oceania. Abe icapt hktMi Cs|ns Ik lUSAN KWANGYANG SHANGHAI YANIIAN XIAMEN QMG6AO KIAMUIJ JAKARTA SIHtAIAYA KAOHSIUNG lANGKOK IAEM CHAIAN6 IwCWMWi HS& CuDANG PBIANO POUT KUANS For Schedules, BL
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    • 1301 25 VESSEL VOY SIN IT HKG KHH INC KYH PUS VESSEL VOY SIN JKT SU» HKG USN WIS HY BRIDGE 092S 7/4 9/4 14/4 16/4 l«/ 4 20/4 20/4 KMTC STORE SPSS 3/4 6/4 7/4 12/4 It/4 17/4 HY VLADIVOSTOK IS7S 14/4 16/4 21/4 23/4 25/4 27/4 27/4 KMTC SHANGHAI SPSS
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    • 710 25 rn SiC&tiiSm, WEEKLY EXPRESS SAILING SCHEDULE I" ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICD POINTS! vissa I voy Ism mmtol cototmo Iw. sheva I cotowo I I AUO ACCPTMG K1 TO COCHM, TUTKOMN (VU COUMHO) AND KANDU C COAI (VIA N SHEVA) CONNECTING MOTHER VSIS TO EUNPE (FHJXSTOWI ROTTCRDAM.
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  • Page 26 Advertisements
    • 667 26 Mj(Jl# WALLENIUS WILHELMSEN WW W website: http://www.2w9lobol.(om VESSEI VOT RAMP IK MAO HOU» MIA SAV Ml OOF NY( NEW Mot TARONGA AFSO7 3201NS 6.25 M I 01/04 22/04 30/04 04/05 08/05 07/05 10/05 TAPIOLA AFSOB 4001 ms 6.3 M I 09/04 10/05 15/05 19/05 17/05 21/05 jTAMPtHE A 1512 4001
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    • 56 26 5 WINSTAR SHIPPING PTE LTD UIMNtimMSVH WINSTAR LOGISTIC PTE LTD MAWWM SIN < i BATAM BATAM LINIR 6 Soifings WMkly (Mm Sot) Looting at Jaraaa Port, 17 Door Door KL/LCL/ Coovontioad Cargo fßflMrfH; fl#om al oommo4 JoAaifiao or Joo/ ■Tiwh in >< ■LLjflmni.w.mtj.M TUO A BAROi CHARTERING, PROJECT CARGO food*
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    • 665 26 BSA x MYANMA n FIVE STAR UNE (MvoMiar National Line) Loading for Yangon VESSEL VOY SIN PKL PEN PGU PAGAN 341W SIO HPA-AN J37W 11/04 IN MALAYSIA: lOUSTEAD SHIPPING AGENCIES KUI/PKI: 03-*****381 PEN: 04-*****1S ACCEPTING GOWVEWTIOWAL CBO HUG SIN HKG SIN PGU PU MIC OCEANIA QUEEN 131 SU) SU> SIO
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  • Page 27 Advertisements
    • 875 27 \r\ <i i sr^rsr )f 'MimiMU U tmMMTI b WmH Miki WnnldMiiM n isy »F¥» it* it to K* fi Uv n* cm i;* lit* u« im n* h« Kittmrw pw 11* im bi« 71* 7?* wnw vri n« u* i»* 71* rs*bt* nr> mtmw an it* it* 71* n*
      875 words
    • 330 27 sn ■iiMMiiif tuna wiiiit iii|» hi mi m HHAftll fULiunliww *ua »oi w m rw tmmihm va ii,un a.uaoa ii/nm mam MM iywm M/M am M/MM Taawtw I vm nmm \\mH» i»/wm m«K it/Ms i«/>im a/M*a .mm iwi n/tii b/mmm wh* mam a* it/nm n/nm N/nn nmmam i/» M/mw M/M
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    • 333 27 linf bfohbullt WfYK« S.E. Alio/USA w vfto SPECIALISE IN HULVY UPTS A PROJECT CARGO QMM tatata ■V MMSTtUI (BfTWT W toiMh. Mm M mflMNi HORWCR ■V MMftTlUi OURP It/M Hi t In MrnhMl* OAan parts m USA. Mmo, ConAm A Soudi Atmrico an Idb—t mnoapom maiatha T 1 "!i 4777
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  • Page 29 Advertisements
    • 3531 29 GREEN WORLD HOLDINGS LTD (Incorporated in the Republic of Singapore) Company Registration Number *****3944K NOTICE IS HEREBY GIVEN that the Sixth Annual General Meeting of the Company will be held at 6Tuas View Circuit, Singapore *****9 on 26 April 2005 at 10 30 a m to transact the following business
      3,531 words
    • 134 29 IN THE MATTER OF ONI SYSTEMS (SINGAPORE) PTE. LTD. (IN MEMBERS' VOLUNTARY LIQUIDATION) REGISTRATION NUMBER: *****0864W NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act. Cap 50. that a Final General Meeting of the members of the abovementioned Company will be held at 10 Collyer Quay. #21-01
      134 words
    • 139 29 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF TRANSPARITY LTD (In Creditors' Voluntary Liquidation) Reg. No. *****4149E NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act. Cap 50. the Final Meeting ot the Company and the
      139 words
    • 2656 29 SiMBAWANG KIMT R A N S Incorporated in the Republic of Singapore) Co Reg No. *****8934 C NOTICE IS HEREBY GIVEN that the Annual General Meeting of Sembawang Kimtrans Ltd ("the Company") will be held at 21 Jalan Buroh, Logistics 21. #07-00. Singapore *****8 on Tuesday. 26 April 2005 at
      2,656 words

  • ARTS
    • 987 30  -  Zubin Mehta talks to PARVATHI NAYAR about his upcoming concert here and the future of classical music PARVATHI NAYAR IT turns out that music is not the only passion in legendary conductor Zubin Mehta's life there's room for cricket as well. And whether he's talking about music, life,
      987 words
    • 285 30 April 1 to April 2 (Fri-Sat) Les Ballets Jazz de Montreal (Canada) Esplanade Theatre, Bpm (110 mins with intermission) Tickets: $25 to $70 April 1 (Fri) SIFAS Festival of Indian Classical Music and Dance 2005 Carnatic Vocal Performance by Sanjay Subrahmanyan (India); Concert Hall, 7.30pm (150 mins
      285 words
  • Page 30 Advertisements
    • 190 30 I- >-&*£.- t y *-y jfofßp .p^y <$, *r% .M Ptini nu li /lltt«Jkift*ftM v Titla time. she is joined fay you great works from StravtHeky. Expect an evening of sheer virtuosity! JL |Hr ?f w''- riiifciiiii rSiiiittfrii''' n #E seIUNG pfceofieeaton prices im sli will ill H f Iff
      190 words

  • PURSUITS
    • 581 31  -  MUSIC Expect to see and hear a very different Vanessa-Mae when she performs here, says AL R DIZON AL R DIZON WITH the "Choreography" tour, VanessaMae is back in the Singapore spotlight. She performs here on April 7 at the Raffles Ballroom. For readers who
      581 words
    • 339 31  -  WINE By GEOFFREY EU IT may have been the butt of many an Old World wine snob's jokes in the past but in the end, the E J Gallo Winery had the last laugh. Its inclusive, enterprising and broad-appeal approach to wine-making and its
      339 words
    • 583 31  -  FILM By GEOFFREY EU THH art house Korean director and film festival favourite Kim Ki-duk has a well-known penchant for relying on visual power to convey a movie's message to his audience, which is why his works typically forgo lengthy dialogue in favour of colour
      583 words
  • Page 31 Advertisements
    • 216 31 A Behavioural Professional Development Credit) Finance Approach to ASSCt AllOCatiOn p ree ior §gp A Members, $20 for Guests. Live presentation with Q&A session, RSVP to info ssfa.org.sg by noon by Jean L.P. Brunei, CFA on 5 April TIIC NeW Professional Development Credit) Competition Act and its Impact on M&A
      216 words
    • 189 31 Perk Up your day with a new Nutritious Breakfast available at AIWO (Robinson Road) on weekdays from B.ooam 10.30 am i"« W B&tr H m v 3BT T. S i torn® ffdDir tifln® rr®stt ®ff Hi® dl fl "Free"quickie•• {tm courtesy from AIWO? wSmm It's not an April Fool's joke!
      189 words

  • 1091 32  -  PERSONAL STYLE Ophthalmologist Steve Seah has been spearheading the application of Lasik for the 'aging eye' here. But that's not his only interest. CHEAH UI-HOON finds out why he's always on the move CHEAH UI-HOON WHEN Steve Seah's eight-year-old son was asked what he wanted
    ARTHUR LEE  -  1,091 words
  • Page 32 Advertisements
    • 107 32 impkia WSMMSM Connecting People 3 k f JZ*k 4f I h afofty "iitliiißiiiiiMrm Bli h- I Ij L—l JL I—-t—l >| J The Nokia 9300 Network in style. The Nokia 9300 Smartphone is a sleek, stylish and stunningly compact object of desire. Open it up, however, and it transforms into
      107 words

  • COVER STORY
    • 958 33 KELVIN SNG, 31 To Kelvin Sng. filmmaking is mcirr than just making a film it is making wnw of the w^rld" istrning to him wax lyrtral about hi* passion for film *uffice« lo convince > ou that hi* deci*ion to quit hi* teaching job in pursuit
      ARTHUR LEE/CHRIS LOH  -  958 words
  • Page 33 Advertisements
    • 16 33 Recruit from a wider audience Call 1800 289 8822 of email recruit ©iph.com.sg tor solutions i
      16 words
    • 57 33 N lc <{c /a 1 i 8- 10 April 2005 Picnic starts 5.30pm Performance at 7 30pm Fort Canning Green 'i a j' S> 6 from Si SI II F,, -rnotr., u SDT V 6335 00 i' a Art in qoL-o'edu'i e'Ke<j'>e vjv. s «i/| I < HAT9OMAC ><»o Oom
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    • 144 33 I^ll 1 'i^l I flv^ ■HPV- t*# r»Bose Lifestyle* 48 FWfIVWL Bose Lifestyle* 38 FE&fTWIL DVD Home Entertainment System PRICE DVD Home Entertainment System PRICE Jew** a®es" VVVWVH VVVVVV JpfiSt $7,399 Retail $5,599 W 111 1| I SA 3 Acoustimass* ssm RC3BS j I t t»€> LIV •n_L» Lifestyle* Stereo
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  • Page 33 Miscellaneous
    • 196 33 CRYPTIC CROSSWORD t Lady ►■•ad VTwrona< boo* <S-8i > t "j* *oo»->rty about cme a*x). iHf iHf WB r rr* m»n. 5 a tti*v»ng type PHJ —PH |Hq H 9 Stw* to connect bor* vd« O* VBT HH two (8< 10 NoT*«g urge r refrwcv 3 I" I I I
      196 words

  • executive lifestyle
    • Article, Illustration
      1806 34  -  JAIME EE finds out what MDA chief Christopher Chia has to say about the potential of the media industry despite criticism about the way the organisation is promoting the industry. PEPPER LEE talks to three people who, because of the growing interest in film, dare to take the
      1,806 words
    • 277 34 PURSUING your passion comes with a price tag, especially if it means venturing down the less-trodden path of filmmaking. Especially in Singapore. The film industry is not all glitz and glamour; speak to any filmmaker and he will tell you there's a lot of
      277 words
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