The Business Times, 4 April 2005

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Microfilm: NL26166
Total Pages: 32
1 32 The Business Times
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  • Title Section
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    11 1 THE BUSINESS TIMES at http://business-times.asial.com.sg MICA <P) 089/03/2005 Monday, April 4,2005
    11 words
  • Article, Illustration
    Lock icon S'pore joins world in mourning death of Pope, 84
    362 1  -  President Nathan, PM Lee send nation's condolence to Holy See By AMIT ROY CHOUDHURY [SINGAPORE] President S R Nathan and Prime Minister Lee Hsien Loong yesterday led Singaporeans in offering condolences on the death of Pope John Paul 11, 84, who
    AFP  -  362 words
  • Article, Illustration
    Lock icon India needs bigger banks, says finance minister
    780 1  -  BT exclusive But New Delhi won't allow FDI in nationalised banks By VIKRAM KHANNA [SINGAPORE] India needs more large banks to support its rapidly growing and globalising companies, according to Indian Finance Minister Palaniappan Chidambaram. In an interview with BT, Mr Chidambaram said
    CHRIS LOH  -  780 words
  • Article, Illustration
    Lock icon Asia M&A deals jump 75% in Q1
    585 1  -  But transactions in S'pore fall 41% to US$2.3b By MICHELLE QUAH [SINGAPORE] Asia has come out tops in the global mergers and acquisitions (M&A) arena. The value of deals announced those targeted, not completed in the region surged 75 per cent in the
    585 words
  • Article
    Lock icon MARKETS DIGEST
    110 1 MARKETS Week Chge STI .2143.75 _-7.70 KLSE COMP 875.92 -7.48 NIKKEI 225 *****.63 -37.47 HANG SENG *****.35 -105.75 SET INDEX .695.83 .........8.51 JAKARTA COMP ...1095.07 -19.48 MANILA COMP ....1966.29.. -32.86 TAIPEI TAIEX 6028.75 -37.16 SEOUL COMP 981.90 +16.60 SHENZHEN B .262.52 +2.84 AUST ALL ORD 4126.40 ...-5.20 DOW
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  • TOP STORIES
    • Article
      Lock icon Banks jostling for post-forex controls pie
      510 2  -  Foreign banks perceived to have an advantage over local institutions By PAULINE NG in Kuala Lumpur BANKS in Malaysia are already positioning themselves to take advantage of the relaxation in foreign exchange rules that took effect on April 1. Getting the ball rolling yesterday
      510 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      535 2 Singapore resort battle extends to architects SOME of the world's most renowned names in the architecture fraternity are pitched against each other for the prize of designing the integrated resort, which could include Singapore's first casino. Singapore's Tourism Board is touting the IB as a large-scale iconic lifestyle
      535 words
    • Article
      Lock icon Greatronic CEO Lim Kok Koon resigns
      382 2  -  Independent directors to refute CEO's claims By AMIT ROY CHOUDHURY [SINGAPORE] Greatronic, which recently called in the Commercial Affairs Department (CAD) to probe suspected fraud at its Malaysian unit, announced on Saturday that chief executive officer and director Lim Kok Koon had resigned from
      382 words
    • Article, Illustration
      Lock icon Bidders with the most cash hoard – and the least
      625 3  - Bidders with the most cash hoard and the least Genting Int'l tops lineup with more than US$1b By ALEXANDRA HO [SINGAPORE] The Guggenheim Museum, Daniel Libeskind, Arata Isozaki. Just some of the big guns the bidders for the integrated resort (IR), which could contain Singapore's first casino, have hired to
      625 words
    • Article
      Lock icon Top architects gear up for resort battle
      563 3  -  World-renowned names in the running to design project: Merrill By ALEXANDRA HO [SINGAPORE] It isn't just shaping up as a battle royal between the biggest gaming companies in the world for the prize of building and running the integrated resort (IR), which could
      563 words
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      270 2 ggg||gg|^2y|aß^Bß^^B^^^Kilil 'v VHh _3h Iv Beijing -w uses 100% rrp HjN£st |^HT herbs'' Beijing 101 success has coverage major newspapers such as The "I See iHV Sunday Times, The Business results i* wW* tofJ^ Times, Shin Min Daily News weeks!" If as well as numerous magazines c for efficacy in
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      306 2 Take the next step with an MBA 'j* r i *#m ma Who should embark on an MBA: JH „y I jfel *S Professionals, managers, executives and businessmen who want to broaden their understanding of how jiP| f 1 *5® r i areas wtthin a business inter-relate in a global
      306 words
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  • DEATH OF POPE JOHN PAUL II
    • Article, Illustration
      Lock icon World mourns John Paul II, man of peace
      1165 4 Pontiff succumbs to painful illness after heroic, courageous resistance LATWP NYT AP AFP Reuters I VATICAN CITY} In Bethlehem. bells chimed at the Churrh of the Nativity, the birthplace of Jesus, to commemorate Pope John Paul 11. who died yesterday at the
      LATWP; NYT; AP; AFP; Reuters; REUTERS  -  1,165 words
    • Article
      Lock icon One of these cardinals may be the next Pope
      640 4 [VATICAN CITY] Possible candidates to be next Pope of the world's one billion Roman Catholics. FRANCIS ARINZE Nigerian, born Nov 1,1932 The Cardinal was for nearly 20 years the Vatican's point man for relations with Islam, a key issue cardinals choosing
      640 words
  • Page 4 Advertisements
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      34 4 Jr iL /%(«<fel French Fine Dining Since 1991 83 Duxton Road, Singapore *****0 Restaurant Tel: 6327 8318 (gjN Bar Lounge Tel: 6327 5401 A\ Email: theeagle@laigledor.com.sg Aft* Ea^'e 3t DUXt n f>te l tC
      34 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Sing Tel, Jardine help raise SGX market cap to $382b
      638 5  -  There are 64 firms in the billion-dollar club including newcomer Olam By TEN HOOI LING THI market capitalisaUon of all the stocks listed on the Singapore F.v change jump«-ri 1H per cent from a >ear ag«> to S3S2 billion on
      FILE PHOTO  -  638 words
    • Article
      Lock icon DBS to set up New Delhi branch by third quarter
      308 5  -  By SIOW LI SEN DBS Bank is set to open its second branch in India, in New IMhi The branrh is slated In open b> Ui»* third quarter of this year. after the bank received appro\al from th«* Heserv«• Hank
      308 words
    • Article
      Lock icon IPO investor, look where your money goes
      834 5  -  HOCK LOCK SIEW By R SIVANITHY HKHK'S a few lesser-know n statisucs about initial public offers Of the $671 million raised from the 15 IPOs this year. $2<M) million or 43 per cent was used to pay off vendors, and only 50 per
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Stagflation and the endgame
      669 6  -  STOCKS R SIVANITHY Senior Correspondent IN the grand scheme of things, a loss of 40 points for the Straits Times Index (STI) from its 2005 high of 2,184 really isn't anything to worry about. It is after all, a decline of only 1.8 per cent, a
      669 words
    • Article
      Lock icon DIVIDENDS ANNOUNCED
      76 6 Legend: (TE) Tax Exempt; (N) Net Of Tax: (TA) Tax Not Applicable; (F) Final; (I) Interim; (S) Special; (Q) Q (b)First and (c) Second and Final (r) Final with alternative (v) Special Tax Exempt (One Tier), (w) Interim Tax Exempt (One Tier), (x) Final Tax Exempt (One Tier);
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    • Article
      Lock icon WEEK AHEAD
      58 6 Investor events to watch out for Fu Yu Mfg bonus issue, ex-date, Apr 4 Advanced Hldgs, AGM, Apr 4 JEL Corp bonus issue, ex-date, Apr 5 IPCO Int'l, EGM, Apr 5 Singpu Chem, AGM EGM, Apr 6 Parkway Hldgs, AGM, Apr 6 A-Sonic, EGM, Apr 8 Aztech, AGMjApr
      58 words
    • Article
      Lock icon Asian currencies close lower
      352 6 CURRENCIES AFP [HONG KONG] The yen and Australian dollar closed lower over last week as the prospect of further US interest rate hikes continued to weigh heavily on currencies around the region. Japanese yen: The yen dipped to a five-month low against the US dollar last
      AFP  -  352 words
    • Article, Illustration
      Lock icon Oil prices surge amid talk of US$100 crude; gold rebounds
      901 6 COMMODITIES: WEEKLY ROUNDUP AFP [LONDON] World oil prices soared last week, sparked by a study that forecast crude could eventually trade at more than US$lOO per barrel. The Commodities Research Bureau's index of 17 commodities rallied to 313.23 points on
      AFP; REUTERS  -  901 words
    • Article, Illustration
      Lock icon Untitled
      422 6 OTHER SINGAPORE INDICES Apr 1 VALUE CLOSE BT OB/OS -407.00 +106.00 BT CADI -*****.00 +49.00 BT 10-day MA -*****.00 -41.00 All-SG Equities j>53.33 +0.62 SG Equities Elect 133.35 +3.25 SG Equities Fin 1637.33 -0.89 SG Equities Prop 541.27 +3.63 SIMSCI 253.81 -0.19 SiMSCI Futures 252.50 +0.90 MOST ACTIVE STOCKS VOLUME
      422 words
    • Article, Illustration
      Lock icon Two portfolios advance despite poor sentiment
      1261 8  -  TEH HOOI LING Senior Correspondent THE performance of tbe five portfolios was mixed. with three slightly outperforming the indices and two lagging behind quite substantial^. Last week, the Strate Times Index (STQ sU 0.4 per cent, for a second oonsecutive week of km In
      1,261 words
    • Article, Illustration
      Lock icon March acquisitions outnumber Jan-Feb total
      1173 8  -  INSIDE MARKETS Buyers should watch out for Ho Bee Investment, while sellers should be cautious with Mobile One, writes ROBERT HALILI ROBERT HALILI BUYERS outweighed sellers during the week of March 28 to April 1, with 29 shareholders recording 56 acquisitions worth $2.7 million versus
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  • Page 7 Advertisements
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      269 7 -*m j e t Airways, India's most modern airline starts daily non-stop flights to Mumbai from 15th April. iHn "'m A our next business tr 'P 'ndia, you will have service that's truly unique. The multilingual crew over 270 flights within India, Jet Airways is jH someone whom you can
      269 words
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  • SINGAPORE BUSINESS AWARDS
    • Take a bow
      • Article, Illustration
        Lock icon BUSINESSPERSON OF THE YEAR
        544 9 Olivia Lum, Group CEO President Hyflux Ltd PRESIDENT S R Nathan, excellencies, organisers of the Singapore Business Awards, distinguished guests, ladies and gentlemen. When 1 was told that I have been awarded the Businessman of the Year Award, I hesitated on whether 1 should accept it.
        ARTHUR LEE  -  544 words
      • Article
        Lock icon OUTSTANDING CHIEF EXECUTIVE
        624 9 Jackson Tai, Vice-Chairman Chief Executive, DBS Group Holdings and DBS Bank PRESIDENT Nathan, ladies and gentlemen. Thank you, The Business Times and DHL, for this award. Alvin Tay, editor of The Business Times, rang me on my cell phone several weeks ago to say that I had
        624 words
      • Article
        Lock icon ENTERPRISE AWARD
        338 9 Petra Foods, CEO, John Chuang ON behalf of all the directors and staff at Petra Foods, I would like to thank the organising committee of the 20th Singapore Business Awards for honouring us with the coveted Enterprise Award 2004. We are delighted and deeply humbled by this recognition,
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  • Page 9 Advertisements
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      240 9 Kfiflr .^jJ^H Sponsors. i Official Jobslte: Official Publication: SngHealth &iticOME J°?*?®£<™ humancap/'tg/ Supporting Organisations: SWCF d. g£'f! B ]>&? Yilytechnic j lr 4 I W 2T L V V < 'jr F Global Corporate Services Company Formation Foreign Direct Investment Virtual Offices Since 1975 OCRA Worldwide has been providing offshore
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  • SINGAPORE NEWS
    • Article
      Lock icon Asia a growing market for professional speakers
      355 10  -  And S'pore will lead the way being a thought leader for region, say experts By CAROLYN QUEK THE demand for professional speakers will soar in Asia, with Singapore paving the way, according to two top honchos from the International Federation For Professional Speakers
      355 words
    • Article
      Lock icon EVENTS LISTING
      156 10 DATE/ TIME EVENT VENUE 4-5 Apr 1st Asia International 2005 Raffles the Plaza Hotel 8.00am Specialty Chemical Conference 4 Apr 7 Top Motivators in Singa- NUS University Cultur8.30am pore for Asian Debut al Centre Mall 4 Apr ISEAS Seminar on Europe, ISEAS, Seminar Room 10.30am As Seen From
      156 words
    • Article, Illustration
      Lock icon Minimal impact from Vioxx: Merck
      581 10  -  By CHEN HUIFEN MERCK Co said its Singapore operations was little affected by the worldwide pullout of arthritis drug Vioxx, which had its chemical compounds manufactured here. The company was in the process of globally rebalancing the production of rofecoxib, the active pharmaceutical ingredient (API)
      REUTERS FILE PHOTO  -  581 words
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      326 10 2 Star Muchium 1 A ifptnzo 9th April 2005 Harbour Grill continues its tradition of featuring the very best in the culinary arena and proudly welcomes the talented I Guest Chef Jean-Marc Banzo. Hailing from the south of France, Banzo's acclaimed v I restaurant Clos de la Violette, has become
      326 words
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      61 10 flavours 0/ India North Indian cu*ine come* to Marina Bi«tro 6njoy a full menu, including tandoor favourite* prepared by our specialty chef. Try our great value *et menu* from $15.80++. for lunch only Call 869 2299 for reservation* RAFFLES U PL MARINA 10 Tuas West Drive *****04 Tel: 6861 8000
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      60 10 New Zealand Wine Tasting S ««s A Wine Tasting of over 20 flB wines from New Zealand will be held on Friday Bth April from 7pm Le Vigne Discover the essence of stunning wines from Marlborough, Nelson Waiheke. Purchase these wines at attractive prices P I (Cash/cheque NETS only). #02-02
      60 words
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      9 10 Poolskfe, level I, above Tanglin MaB. Reservations recommended. *****373.
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  • MAKING BUSINESS SENSE
    • Article, Illustration
      Lock icon Work-life practices help companies retain staff
      501 11  -  BENEFITS FROM WORK-LIFE PRACTICES They also instil initiative, teamwork and flexibility in employees and even help cut costs for firms, industry consultants tell CAROLYN QUEK CAROLYN QUEK IT is worth for a company to invest in work-life practices, according to two consultants the The
      501 words
    • Article, Illustration
      Lock icon Where happy employees say WoW!
      1244 11  -  By CAROLYN QUEK AS the head of the sales and marketing department of Jupiter Innovations, Martin Gregory Goh has seen good staff come and go, due to family commitments. He was determined to rectify the situation by putting up work-life practices, but his company "didn't
      1,244 words
    • Article
      Lock icon The WoW! Fund
      232 11 WORK-LIFE programmes help companies retain good staff and be more competitive. Hence, a $10 million Work-Life Works! (WoW!) Fund was set up on Aug 22, 2004. The WoW! Fund serves as an incentive for employers to offer more work-life programmes, in particular, flexible work arrangements. The fund
      232 words
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  • DINING OUT
    • Article, Illustration
      Lock icon Funky gungho worth the foray
      1087 12  -  San Marco at the Fullerton is no bargain but they serve good stuff, never mind the monkeys holding the lift cable, JAIME EE says JAIME EE IT MUST be the question lurking on every restaurateur's lips since the Lighthouse restaurant closed at the Fullerton Hotel:
      ARTHUR LEE  -  1,087 words
    • Article, Illustration
      Lock icon Variations on a theme from Italy
      1145 12 We check out other hotel-based Italian restaurants, from mid-priced to fine dining Pontini Grand Copthorne Waterfront Hotel 392 Havelock Road Tel: 6233-1133 *THE Italian restaurant here has some of the more "authentic" or, at least, different menu offerings. But northern Italian Chef Michele Pavanello
      1,145 words
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      72 12 V^/ GL I Pnjoi| a feast for all ijour senses, Indulge with an exquisite set Lunch: Add M to anu Main Pish or Pizza, Include soup of the Paij, Ice Cream, free Plow soft Prink) Prom Tuesday to Prldai| favour our Pizza buffet Pveri) Mondai) PC M""" ja^g 12pmto5pm -si:
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon FDI in India? You can bet on it
      964 13  -  COMMENTARY VIKRAM KHANNA Associate Editor IN A much-quoted survey last year of corporate executives' views of prospective locations for foreign direct investment (FDI) by the consulting firm AT Kearney, the big surprise was that India surpassed the UK, Germany, France and Japan
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    • Article
      Lock icon Oil price spike no big threat yet to US economy
      373 13 Reuters [NEW YORK] Worries are mounting that record oil prices in the United States this year could trigger a *****-style economic recession, but experts say those concerns may be as dated as flared trousers and disco boots. Improved energy efficiency,
      Reuters  -  373 words
    • Article
      Lock icon Bush picks Bernanke as chief economic adviser
      152 13 AP [WASHINGTON] President George W Rush has chosen a board member of the Federal Reserve, the nation's central bank, to become his chief economic adviser, the White House announced. Ren Rernanke would succeed Harvey Rosen as chairman of his Council of Economic Advisers.
      AP  -  152 words
  • Page 13 Advertisements
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      322 13 ST Tf Ek. TO MOVE PEOPLE W ITH EASE the TO ACCOMMODATE ANY GIVEN SITUATION TO APPRECIATE THE FINER THINGS IN LIFE Available in Presage Presege 2.5 Highway Star. Specification* vary from modal to modal. Specifications tub/act to change. For more information, SMS "PRESAGE" to 9030 2612. A Powerful Reflection
      322 words
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  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • Article, Illustration
      Lock icon Understanding stock movements
      719 14  -  By R SIVANITHY THE most pofxiar phrase that stock market commentators use to describe rising pnces is 'bargain hunting" and when the market falls we often hear it was because of "profit taking". Sometimes, these variations are used "demand was yeater than supply" or "there were more
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    • Article, Illustration
      Lock icon Almost famous
      800 14  -  CAMPUS LIFE SMU undergrad Lavinia Tan tells KELVIN SAM of her fairy tale trip to Florida and her swim with sharks KELVIN SAM SWIMMING with sharks and somersaulting on zero gravity flights wt-rc just some of the exhilarating experiences Singaporean l.avinia Tan Huiying went through as the new
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  • Page 14 Advertisements
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      250 14 Be smart with your finances FANCY becoming the next Warren Buflett or George Soros? Or even the famous Robert Kiyosaki? Then read on. The Young Investors' Forum, part of the BT-Citibank Tertiary Outreach Programme, isn't another dry page out of your financial textbook. To complement our editorial content, we have
      250 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon M'sia may raise interest rates first
      644 15  -  MALAYSIA INSIGHT Relaxing exchange controls may not be a prelude to letting the ringgit float S JAYASANKARAN KL Correspondent MAI>AYSIA'S central bank relaxed exchange controls on residents almost seven years after the fact. In effect, capital mobility is essentially free, just like it was
      644 words
    • Article
      Lock icon Rising fuel prices stoke Indon inflation
      562 15 Consumer prices rise a higher than expected 8.8% Reuters (JAKARTA] Indonesian consumer prices rose at their fastest pace in 27 months in the year through March, spurred by a sharp hike in fuel prices and raising pressure on the central bank to increase interest
      Reuters  -  562 words
    • Article
      Lock icon Indon help for Aussie crash victims
      238 15 AFP [JAKARTA] President Susilo Bambang Yudhoyono yesterday said Indonesia's military and air force chiefs would supervise the evacuation of the dead and injured after a helicopter crash that killed nine Australians on a quake aid mission. Armed Forces chief Endriartono Sutarto had been due
      AFP  -  238 words
  • Page 15 Advertisements
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      454 15 PT INTERNATIONAL NICKEL INDONESIA Tbk ANNOUNCEMENT TO SHAREHOLDERS The Annual General Meeting of Shareholders of the Company held on March 30, 2005, has approved the declaration of a final dividend in respect of the year ended December 31, 2004 of US$ 0.0975 per share, payable as from May 10, 2005
      454 words
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      1729 15 |Ri CYTECH SOFTWARE LIMITED (Incorporated in Bermuda) NOTICE IS HEREBY GIVEN that the Annual General Meeting of Cytech Software Limited ("the Company") will be held at Cypress Room, Orchard Hotel, 442 Orchard Road, Singapore *****9 on Tuesday, 26 April 2005 at 11:30 a.m. for the following purposes: AS ORDINARY BUSINESS
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  • GREATER CHINA
    • Article
      Lock icon Beijing bank sacks officials after 645 m yuan loan fraud
      433 16 Developer secured loans illegally from Bank of China, says Xinhua report Reuters Bloomberg [BEIJING] Bank of China, the nation's top foreign exchange lender racing for a listing, has sacked officials from its Beijing branch after a property developer secured loans
      Reuters; Bloomberg  -  433 words
    • Article
      Lock icon US imports of Chinese textiles surge
      267 16 AFP [WASHINGTON] New US government figures showing a sharp rise in Chinese textile imports prompted renewed calls for safeguards imposed by Washington. The preliminary data for textiles and apparel showed total imports from China increased 63 per cent in the first three months 0f2005
      AFP  -  267 words
    • Article
      Lock icon Co-operation on oil may figure in Wen's ta ks in India
      518 16 Reuters [BEIJING] Chinese Premier Wen Jiabao visits India this week with the race between the world's two most populous nations to secure the energy they need to fuel their growing economies likely to be on the agenda. In volatile
      Reuters  -  518 words
    • Article
      Lock icon India, Saudi Arabia plan fuel exports to Asian markets
      350 18 Move signals shift in Saudi Arabia's energy market investments to Asia Bloomberg [NEW DELHI] Saudi Arabia, the largest OPEC oil producer, and India are jointly planning to export fuels to the rest of Asia, India's Oil Minister Mani Shankar Aiyar said
      Bloomberg  -  350 words
    • Article, Illustration
      Lock icon Penguin to publish in three Indian languages
      318 18 Bloomberg [NEW DELHI] Pearson pic's publishing unit Penguin will begin publishing in three Indian languages, including Hindi, for the first time to better tap the Indian market. Penguin plans to publish 25 books each in Hindi, Marathi and Malayalam this year and a
      Bloomberg  -  318 words
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      1618 16 PT INTERNATIONAL NICKEL INDONESIA Tbk ANNOUNCEMENT OF THE RESULT OF THE ANNUAL GENERAL MEETING OF SHAREHOLDERS It is hereby announced to all shareholders of PT International Nickel Indonesia Tbk j ("PTlnco"or "the Company" that the Annual General Meeting of Shareholders held on Wednesday, March 30, 2005 (the "Meeting") has unanimously
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      1151 16 j^j||2^^J^^j^^^^^dvertis^aJUoinrr^Be^B^B2^^mail^oticeBoBphxom^sg W27 CHINA ENERSAVE LIMITED Company Registration N0:.*****6776D nicncn/r (Incorporated in the Republic of Singapore) cNcKSAVc NOTICE IS HEREBY GIVEN THAT the Seventh Annual General Meeting of the Company will hekl at the Boardroom of China Enereave Limited, 80 Raffles Place, #21 -20, UOB Plaza 2. Singapore *****4, on 20
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      2964 17 DEL MONTE PACIFIC LIMITED (Incorporated in the British Virgin Islands with limited liability on 27 May 1999) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Del Monte Pacific Limited ("the Company") will be held at Meeting Room 1, Basement 1, M Hotel Singapore,
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      1385 17 DEL MONTE PACIFIC LIMITED (Incorporated in the British Virgin Islands with limited liability on 27 May 1999) NOTICE OF GENERAL MEETING NOTICE IS HEREBY GIVEN that a General Meeting of the Shareholders of Del Monte Pacific Limited (the "Company") will be held at Meeting Room 1, Basement 1, M Hotel
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  • Page 18 Advertisements
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      3396 18 To advertise call toll-free 1800 289 8822 Email: notices®sph.com.sg BKC BRC Asia Limited (Incorporated in the Republic of Singapore) Registration No: *****0054G NOTICE IS HEREBY GIVEN THAT the 59 ,h Annual General Meeting of the Company will be held at Raffles Marina Ltd, 10 Tuas West Drive, Singapore *****4 on
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  • WORLD
    • Article
      Lock icon Could stagflation be in the horizon?
      680 19  -  WALL STREET INSIGHT News of slowing economic growth, inflation and rising oil prices spike optimism By ANDY MARKS WHAT a difference a day makes. On Wedday, the Dow Jones Industrials, along with its fellow stock market indices, registered the best single day gains for
      680 words
    • Article
      Lock icon HSBC may bid for Morgan Stanley
      120 19 Reuters [LONDON] The world's second-largest bank, Brit-ish-based HSBC Holdings, is mulling a bid for Morgan Stanley, the second-biggest ys securities house, the Independent on Sunday newspaper said. It said HSBC chairman John Bond was being pressed by senior directors within the group's investment banking
      Reuters  -  120 words
    • Article
      Lock icon NY's MetLife landmark sold for record US$1.72b
      413 19 NYT [NEW YORK] The Met Life Building, a signature skyscraper on the Manhattan skyline and the glittering gateway to Park Avenue above Grand Central Terminal, has been sold for a record US$l.72 billion, it was announced on Friday. It was the second major
      NYT  -  413 words
    • Article, Illustration
      Lock icon UK's richest are from overseas
      225 19 AP [LONDON] Seven of Britain's top 10 wealthiest people moved here from overseas, including Indian-born steel tycoon Lakshmi Mittal and Russian oil magnate Roman Abramovich, according to the Sunday Times newspaper. The paper's 17th annual "Rich List" put Mr Mittal at the top of the
      AP; FILE PHOTOS  -  225 words
    • Article
      Lock icon Citicorp is world's biggest company
      192 19 AFP [NEW YORK] US banking giant Citigroup tops the list of the world's biggest companies, Forbes magazine said, using a ranking on a formula including sales, profits, assets and market value. Citigroup's top ranking came largely as a result of its assets under management estimated
      AFP  -  192 words
  • Page 19 Advertisements
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      1442 19 wA CHIP ENG SENG CORPORATION LTD No IWaOStWO NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting ot the Company wilt be held at Gardenia Room (Tower Wing, Mezzanine Level). Shangri-La Hotel, Orange Grove Road. Singapore *****0 on 20 April 2005 at 10 00 am
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      1327 19 HONG FOK CORPORATION LIMITED Notice of Annual General Meeting NOTICE IS HEREBY GIVEN THAT the Thirty-Seventh Annual General Meeting of HONG FOK CORPORATION LIMITED will be held at the Company's Registered Office at 300 Beach Road #41-00, The Concourse, Singapore *****5 on Friday, 22 April 2005 at 11.00 a.m. to
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  • AVIATION
    • Article, Illustration
      Lock icon Changi ground services: Players deny price war
      862 20  -  SATS says its focus is on cost management rather than price cut By VEN SREENIVASAN [SINGAPORE] Has a price war broken out among the ground services players at Changi Airport? Yes, say some industry insiders. No, say some of the players. But in
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      Lock icon HISTORIC COLOURS
      61 20 [DUESSELDORF, Germany] Two hostesses of German airline Lufthansa posing in front of an aircraft painted in the company's 1955 colours at Duesseldorf airport, western Germany. The Airbus A 321 'Weimar' of Lufthansa took off from Fuehlsbuettel airport in Hamburg on Friday to re-enact the airline's inaugural flight from
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      216 20 Reuters [SAO PAULO] Brazilian aircraft maker Embraer will unveil a programme to develop new types of executive planes in the coming months in a move to become a player in that market, the head of the company said. Empresa Brasileira de Aeronautica (Embraer), the
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      Lock icon United Air sees big opportunities in Asia
      310 20 Reuters [CHICAGO] United Airlines, struggling to regain financial stability, is setting its sights on new Asian routes where economic growth is fuelling passenger demand, United's chief executive said. The No 2 US carrier must continue to bolster its position as a global airline,
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      466 20 Reuters [WASHINGTON] The United States has rejected a European Union warning against taking a dispute over aircraft rivals Boeing and Airbus to the World Trade Organization (WTO), but said it was willing to extend talks on a negotiated settlement past
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      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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      121 20 GLORY SHIP MANAGEMENT PTE LTD We invite suitably qualified and experienced personnel for the following appointments Essential working knowledge and experience in handling P I ana H M claims/matters as well as Group Employees insurance needs and coverage etc., Ability to work independently and to liaise with P I Clubs,
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  • SHIPPING
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      Lock icon Sea marshals, non-lethal arms mooted for ships
      526 21  -  They are part of strategies proposed by Dutch consultancy TNO against pirates By DONALD URQUHART [SINGAPORE] Sea marshals and non-lethal weapons are among the anti-piracy measures being advocated by a Dutch defence and security consultancy for ships transiting the piracy-prone Malacca Straits. "Ships
      526 words
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      106 21 [SINGAPORE]Nippon Yusen Kaisha (NYK) is introducing a bigger-capacity luxury cruise ship to meet the summer demandfor cruises. The 48.621-tonne Crystal Harmony, currently run by Crystal Cruises Inc. a United States affiliate of NYK. will be renamed Asuka 11. It will replace Asuka. operated by
      106 words
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      863 21 Carm Sinwa limited (Co. Reg. No.: *****6542H) SINWA (Incorporated in the Republic of Singapore with Limited Liability) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an EXTRAORDINARY GENERAL MEETING of Sinwa Limited (the "Company") will be convened on 19 April 2005 at 10.30 am (or as soon thereafter
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      169 21 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF CREDITPOINT PTE LTD (in Members' Voluntary liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act. Cap. 50 that a Final Meeting of the Members of the abovenamed Company
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      230 21 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF KANEKO (ASIA) PTE LTD (In Members' Voluntary Liquidation) (Reg. No. **********) NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the abovenamed Company duly convened and held at 2-1-5 Nishimagome Ohtaku Tokyo Japan on the 30"
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      1422 21 fi/V Norelco Centreline Holdings Limited (C°. Registration No': *****0340R) NOTICE IS HEREBY GIVEN that the Annual General Meeting of the shareholders of the Company will be held at 23 Changi North Crescent Singapore *****6 on Tuesday, 26 April 2005 at 10:00 a.m. to transact the following businesses: ORDINARY BUSINESS: 1.
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  • Article
    Lock icon SINGAPORE STOCKS
    3145 22 SECURITIES TRADING SCOREBOARD •MM $00 TOT At Oow. tMd. m B—_ tfwl) IH tfm UK* Mufti tnd 000 7(2 M*nuT»rturg 52 64 19 15 22 17 47 106 S« Comm»fi» 19 12 16 11 4 JO IS 20 TpVMor/tom 9 16 R 0 2 2 9 18 10
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  • Article
    Lock icon FINANCE & COMMODITIES
    3355 23 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES Hi local an In M In UM Ndy dy %yr livtel PuTgc Puny Chang* OxoQ» O »n» Chmtf fltartdfdw 8538 01 07 OS 00 00 -15 S EAf E ftrtraay 7J7I 04 37 0.7 10 02 06 iwapePrefconar} ***** M 39 07 16
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      2097 24 I TO USA/CANADA I I EXPORT I I OTHER DESTINATIONS I |VEssEl IVOT I PKG I ETA SIN ILOHG BEACH I DALLAS I HOUSTON I MEMPHIS I CHICAGO 1 NEW YORK TO AUSTRALIA (AIJSTWA| IA ASIA FYPftFSS) P&O NEDUOYD KOBE 47E14 05/04 04/04 72/04 28/04 29/04 27/04 27/04 30/04 VOY
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      825 24 IIMTIRASU RORO mVKI vßsa/voT Mifom hbchtpw m kh m i «n jkt I ST«AITS VENTURE 07/05 15 32 24 27/03 21/03 03/04 06/04 08/04 STRAITS VENTURE M/OS IS 3 2 11/04 13/04 STRAITS VENTURE M/ 05 15 3.2 22 23/04 25/04 30/04 03/05 05/05 IAUfTKAiiAN RORO SiRVKI I vissa/vor uma)
      825 words
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      1146 25 MOi Combines C rang o shipping modes to ansur* timely, wtnbli ttrvicts cowing major ports in _> North America, Eurepo, Japan, Asia, Africa Oc»ontq. Also octiyt btrrAsfa Cvjnt tK lUSAN KWANGYANG SHANGHAI YANTUH XIAMEN QMGDAO ICLAWAN/ JAKARTA SURABAYA KAOHSIUHG IANGKO* iAIM CHAIANG mKHMMNw PASW OUDANO HWANG POUT KHAWO For Schedules,
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      1326 25 VESSEL VOY_ SIN JET HKG KHH INC KYH PUS VESSEL VOY SIN JKT SUB HKG USN PUS HY BRIDGE 092S 7/4 9/4 14/4 It/4 13/4 20/4 20/4 KMTC SHANGHAI SPSS 10/4 13/4 14/4 19/4 23/4 24/4 HY VLADIVOSTOK 157S 14/4 16/4 21/4 23/4 25/4 27/4 27/4 KMTC PORT KELANG SPSS
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      689 25 W SKstH^K WEEKLY EXPRESS SAILING SCHEDULE I" ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICQ POINTS! VESSEL I VOY I SIW I PJOANgI COtOMBO llt SHEVA COLOMBO I I ALSO ACGEPTWG FQ TO OOCWi TUTKORM (VIA QOUMO) AND KANDU I COAI (VIA N SHIVA) CONNKIMG MOTHB) WIS TO BMP! (THJXSTOWI
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      789 26 WW WALLENIUS WILHELMSEN website: http://www.2wglobal.com VESSEI I VQY 8 AMP LK MAO HOW Ml* SAV lAL 0«f HYC NEW MOB TAMOU I AfsoB 4001 ms 6.3 M I 09/04 10/05 15/05 19/05 17/05 21/05 TAMPERE A 1512 400 Tons 6.3 M 29/04 07/05 10/06 16/06 14/06 TAMPA lAFSIII AF511 4201o«
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      1442 26 vessel yor sin pcu _msa wa m Cy 2301 01 oop 30/03 31/03 HHWI 2222 2S/S3 31/03— nfiram UI urn sum PAC PANDA 1439N 02/04 03/04 _EALUU iltf (Q/1U n*/M PAC lANDA 1440N 03/04 04/04 I MCllNTAl^^^l92l3^^^os/o^^Q7/o^] CSF 2301 0102P 03/04 03/04 PAC lANDA 1441N 05/04 05/04 VKSE^^^VOY^SM^^I^^ CSF 2301
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      61 26 5 WINSTAR SHIPPING PTE LTD U. Imp lb IWWS27W WINSTAR LOGISTIC PTE LTD U-hpilh. I ******16 SIN BATAM BATAM LINER 6 Sotings Wttkly (Moa-Sot) Looting at Joroag Part, J2 Door It Door FG/LQ/ Coovontional Cargo LurtMc Www ai Pwoaj Sdoirtw or JoW TUG A BARGE CHARTERING, PROJECT CARGO Mr Motor
      61 words
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      690 26 BSA i, MYANMA ■H FIVE STAR UNE (Myanmar National Line) Loading for Yangon VESSEL VOY SIN m PEN PGU PAGAN 341W SID HPA-AN 337W 11/04 IN MALAYSIA: lOUSTEAD SHIPPING AGENCIES KUL/PKL 03-300 SOU PEN: 04-*****1S B ACCEPTIIIO CONVENTIONAL CBO HUG SIN HKG SM PGU PU KUC MEERKAT 44 SU> SU>
      690 words
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      1124 27 ft S pore Agents lAL Skipping Awacy (S) Pt# ltd (CR NO: **********0Z) m 110 Cetflbfreet *11 03 Bangkok Sank Building Singapore *****6 C' HTPFCISICI -Jm IH6S Tel: 6323-6466/77 fox 63/3 6433 Website: www.literislalliet.CMi SUPER EXPRESS SERVICE TO HONO KONQ A JAPAN VESSEL YOY OS< KOB SM2 TTO Yo> HUG
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      413 27 I e"P n CARRIERS Ml WMMM HWIM SIRVKI WEEKIT FIXED DAT S*l IN6 SINCAPOKt POIT XIAWt TANGO* vtssa vot si i m f(m SBJSm HUH ILtamil 04/04 MOM oi/B4m Mi 37*N 01/04 HI 11/04 WON 15/04HM GfEHONG 504W 15/04 mi l»/04 MOW 22/04 FBI TAHGON STAR ***** 72/04 ftl 25/04
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      1065 27 1/1 I I lIVICC MAM; TIL 6221-1333 FAX: 6221-5272 Jrjy rUL LIIIICO OK™««yW:ra:*ni-SSWFAX:4M7-l»»0 f C SINGAPORE: TONG XX) SHIPPING PTi LTD aHO *****MOOOO( booklM9s@tis.coM.s9 www^k!ilm>.(oo KWU« COiUHBMSP WWKM ftOM Hi, WHtt KU—, HUH «iM— TO MMAVUt, MHWB, MfUMUi AW YKMM vissa voTraswioT" w vtssa voT Ettswlw~ vtssir vof Itasin"W vssa
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      334 27 Liner brookbulk mrvice S.I. A»io/USA vi<» verto SPECIALISE IN HEAVY LIFTS PROJECT CARGO miUH Dwtktiw MV INDUSTRIAL CENTURY UAfl hdn-Aih, And*, Pmtai (Ml i/WAMc* USMI HOUSTON MV MDUSTtUU CHAMP 16/04 Hi.^l. t Skmj*. t+m. Um. Ww»l*iWi Olhen ports in USA, Afauoco, Carribmm A South America on induanmnl. SINGAPORE MALAYSIA Map
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      462 27 270N07W RMHH TIGER PEARL 271N 05-06/04 12 14/04 19 20/04 ■MiMNlfl TIGER SEA 272N 09 10/04 15-17/04 23 24/04 1 Ml H 1 273N '213/04 19-21/04 26-27/04 I ■■■■TIGERWAVE 274N 16-17/04 22 24/04 30-01/05 TIGER PEARL 27SN 19-20/04 26-28/04 03-04/05 wimrmmm 313 MUM 24-25/041 ■HI DONG FORTUNE 038 08-09/04 16-18/04
      462 words
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  • THE BUSINESS TIMES SHIPPING TIMES
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      Lock icon THE BUSINESS TIMES SHIPPING GUIDE EXPORT
      1150 28 rZJSSmT MaJdil SINOKOR SEOUL 504S/N *****10. 11»4 llJo4 Mml PONDMALINDI 5016A 1S2E2* sT j£ S 15/04 24/04 Seaward UlY CROWN C0305 *****277 mwtTZTi mcpc u To MALTA fMTA) 244Q Malta PORT CHALMERS (POE) 2908 New Zealand SX125W JSS15 SSSg 12/04 27/04 CMACGM CMA CGM
      1,150 words
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      93 28 One-Stop Shipping Services Ship Registrations Ship Classifications Radio Accounting Tuvalu, Mongolia, Panama, Quality, Safety, Security SSfVICOS Belize and many other flags Surveys and Consultants Accounting Authority RSO6 Most competitive fees low taxes efficient service, 365 days a year Worldwide network of surveyors P"SfV No restriction on nationality of Xj: ownership/crew
      93 words
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      2387 29 [fflf SONN;ngdjue Company Registration Number: *****0412N HHHHHH OF ANNUAL GENERAL MEETING IHHHIHHH NOTICE IS HEREBY GIVEN that the Annual General Meeting of Sunningdale Precision Industries Ltd (the "Company") will be held at Grand Hyatt Singapore, Vanda I 11, Level 3,10 Scotts Road, Singapore *****1 on Thursday, 21 April 2005 at
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      2441 29 r£fl HWA HONG CORPORATION LIMITED I (Incorporated in the Republic of Singapore) IJ mJ IJ (Company Registration No. *****0130 C) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Fifty-Second Annual General Meeting of the Company will be held at the Conference Room, Level 2, 38 South Bridge
      2,441 words
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  • BizIT
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      Lock icon Canon zooms in with upgrade of its SLR junior
      977 30  -  <cool stuff> When the EOS 300D was introduced in 2003, it became a benchmark for entry-level SLR cameras. Now, improvements have been made to keep up with the competition, says GEOFFREY PEREIRA GEOFFREY PEREIRA CONSUMER digital cameras are in the mainstream
      977 words
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      Lock icon Media alerted to Pope's death by SMS, e-mail
      154 30 AFP [VATICAN CITY] Pope John Paul ll's death was announced to the world's media through an e-mail, whose transmission was itself the subject of an SMS alert sent to journalists' mobile telephones. The electronic alert underlined the Vatican's embrace of media technologies
      AFP  -  154 words
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      Lock icon Samsung to push printers aggressively
      656 30  -  By ROLAND LIM ELECTRONICS giant Samsung Electronics has unveiled an aggressive plan to grow its printer business this year with the launch of a slew of new printer models, and the hiring of an industry veteran to lead its charge in Singapore. At the launch
      656 words
    • <whafs new>
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        Lock icon Nokia's new 3G phone has 2 integrated cameras
        84 30 NOKIA has launched another 3G phone, the Nokia 6680. Unlike its previous 3G offering, the Nokia 6630 which had one integrated camera, the Nokia 6680 features two integrated cameras to facilitate face-to-face video calls. It also features a 1.3 megapixel camera, integrated
        84 words
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        Lock icon Linksys releases faster wireless products
        93 30 LINKSYS has released its latest Wi-Fi 802.11 g networking products, the WRTS4GX router and WPCS4GX PC card network adapter. Both products feature its Speed and Range expansion (SRX) technology that expands the wireless networking range by three times and in addition, offers eight times higher
        93 words
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        Lock icon Sing Tel and Sony Ericsson offers Blackßerry Connect
        92 30 SINGTEL and Sony Ericsson Singapore have launched Blackßerry Connect for Sony Ericsson's P9loi smartphone (above). Singapore is the first in the world to offer Blackßerry Connect on the P9loi. Blackßerry Connect is an application that allows the P9loi to access popular Blackßerry
        92 words
      • Article
        Lock icon SPSS Dimensions for survey, research applications
        46 30 STATISTICAL and research software company SPSS has released SPSS Dimensions, its application suite for survey and market research applications. Dimensions is targeted at market research firms, commercial organisations and survey researchers. Pricing begins at $6,000. See www. spss. com. sg.
        46 words
      • Article
        Lock icon New 3G clamshell phone from Motorola
        104 30  -  Compiled by ROLAND LIM MOTOROLA has released the Motorola V 975, its first clamshell 3G phone for the local market. To take advantage of high-speed 3G networks, the V 975 has a full suite of multimedia features including video conferencing, video streaming and MP3
        104 words
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      Lock icon Oracle-PeopleSoft merger to be completed June '05
      576 31  -  Merged company now has 23,OOO customers and 50,000 employees By RAJU CHELLAM AMERICAN software giant Oracle Corp will complete the People Soft integration by the middle of this year and plans to create a new set of solutions that will contain the best
      576 words
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      Lock icon Stores Online opens S'pore office to help e-merchants
      538 31  -  By RAJU CHELLAM US-BASED Stores Online Inc (SOL), which provides e-commcrce solutions for small businesses and entrepreneurs wanting to sell their wares on the Internet, has opened a representative office here to help grow its business across the Asia-Pacific region outside of
      538 words
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      Lock icon Systimax moves Asia-Pacific HQ to Singapore
      392 31  -  By ROLAND LIM NETWORK cabling specialists Systimax Solutions is relocating its Asia Pacific HQ from Hong Kong to Singapore. With the move of its regional office here, the Singapore office will take on marketing, finance, human resource and product management responsibilities, in addition to
      392 words
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      Lock icon Oswin's smartphone compatible with 5 operating systems
      675 31  -  By ROLAND LIM SINGAPORE-based Oswin Technology, which designs and produces a range of mobile wireless devices, has created what it says is the world's first smartphone compatible with five operating systems. The Zircon Axia AlOB, the Microsoft Windows CE operating system version, released
      675 words
    • <what's up>
      • Article
        Lock icon Canon names new president and CEO
        79 31 CANON Singapore has announced the appointment of Ka/.uto Ogawa as its president chief executive officer. Mr Ogawa was previously the senior director at Canon China's consumer imaging and information division. He is now responsible for the company's sales and marketing operations in South and
        79 words
      • Article
        Lock icon StarHub and Indosat form alliance
        58 31 STARHUB has signed a Memorandum of Understanding with Indonesian telco Indosat to provide enhanced mobile services for their customers who frequent Singapore and Indonesia. This includes special pre-paid and post-paid roaming arrangements for travellers between Singapore and Indonesia. Other areas in discussion include joint procurement,
        58 words
      • Article
        Lock icon Siemens Business Services joins iLIUP
        71 31 SIEMENS Business Services (SBS) has joined the infocomm Local Industry Upgrading Programme (iLIUP), an initiative of the Infocomm Development Authority of Singapore (IDA). iLIUP promotes partnerships between Singapore enterprises and MNCs to enhance the capabilities of local infocomm enterprises to compete in the international market.
        71 words
      • Article
        Lock icon A million Solaris 10 licences distributed
        56 31  -  Compiled by ROLAND LIM SUN Microsystems has announced that it has distributed more than one million licences of its Solaris 10 operating system since its launch two months ago. Sun also announced 14 world-record performance benchmarks set by Solaris 10. The Solaris 10 benchmarks
        56 words
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      Lock icon New Motorola tech wins S'pore clients
      504 32  -  BT exclusive Two government bodies buy new broadband solution Motomesh, which can be used to set up instant IP networks, reports AMIT ROY CHOUDHURY AMIT ROY CHOUDHURY Motorola has bagged orders from two major Singapore government customers for its latest communication technology called Motomesh,
      504 words
    • Article
      Lock icon A self-contained network
      277 32 GIVING an overview of the new Motomesh technology, Peter Stanforth, a director in Motorola's government and enterprise mobility solutions group, said it includes components like intelligent access points (lAP), mesh wireless routers (MWR), vehicular mounted modems (VMM) and wireless modem cards (WMC) which are similar to traditional
      277 words
    • Article
      Lock icon IBM to supply storage to Commerzbank
      381 32 Bloomberg [SAN FRANCISCO] International Business Machines Corp won a contract to provide data storage for Commerzbank AG, replacing EMC Corp and HewlettPackard Co machines. Commerzbank, Germany's fourth-largest bank, selected IBM as it is already the company's main computer supplier, it said. Companies are cutting
      Bloomberg  -  381 words
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      78 30 SBKSiSBHHH Trusted ePlatform Services Welcome to Advantech Solution Day! Insights into emerging technologies, market trends product roadmaps Access to worldwide resources readily-available ePlatform solutions Industry networking business link up Application story sharing discussion Advantech Singapore Solution Day Date: 4 May 2005,9:00 am 4:oopm ;:J Venue: Raffles City Convention Centre, Olivia
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      196 31 To predict the future, you need to study the past "SS Getting ahead in today's increasingly competitive marketplace is all about being in control and being able to execute decisively. To be able to 3927 7 do effective strategic business planning, constant calibration of your business performance and meticulous cost
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      71 32 0 fnt-entfa the intelligent choice Feeling boxed in, struggling to maintain a profitable position in the supply chain? 1 Intentia's distribution solution can help you optimize your I operation and make it a strategic channel for products and services. i \ljs Intentia Asia Pacific Pte Ltd 8 Cross Street #12-05/06
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      75 32 COOL STUFF Canon's 350 D: A smaller, lighter SLR camera with better control PG3O Authorized Disthtxjtor. Dealer AV-Scienee Marketing Pto Ltd Office 1 Pto Ltd x 3 Upper Aljunied Link Block B (subsidiary of NTXJC Fmrprk*) #08-06 Joo Seng Warehouse The Funan IT Mall Singapore *****2 #05-25/32 Tel: +65 *****322
      75 words