The Business Times, 7 April 2005

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Total Pages: 31
1 32 The Business Times
  • 15 1 THE BUSINESS TIMES SINGAPORE 85 cents online at http://business-times.asial.com.sg MICA (P) 089/03/2005 Thursday, April 7,2005
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  • 748 1  -  Tie-up with Rolls Royce highlights S'pore as destination for cutting-edge technology: minister By RONNIE LIM [SINGAPORE] Singapore is taking part in a US$lOO million alternative energy project aimed at generating electricity without the need for massive oil or gas-fired plants and re-powering the
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  • 536 1  -  Foreign eateries must bring in bumiputra partner By PAULINE NG in Kuala Lumpur A NEW set of guidelines on equity structures for for-eign-owned eateries has led to dismay and disarray in many a kitchen in Malaysia. The guidelines by the Domestic
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  • 137 1 STI 2,165.78 (+7.97) ST INDEX FUTURES 2.157.00 (unch) SIMSCI 256.31 (+0.88) SIMSCI FUTURES 255.80 (+0.80) MARKETS Wednesday Change KLSECOMP 861.75 -8.06 NIKKEI 225 11,827.16 +52.85 HANG SENG 13,562.26 +48.85 SET INDEX closed JAKARTA COMP 1,103.28 +6.76 MANILA COMP 1,962.38 -0.32 SEOUL COMP 988.00 +5.50 SHENZHEN B 267.97 +4.75
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  • Page 1 Advertisements
    • 23 1 COMPANIES Greatronic rejects CEO's resignation PG4 CPF AND THE PROPERTY BUYER How the latest changes will affect you W v PROPERTY, BACK PAGE
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    • 18 1 ENERGY MARKETS Greenspan on outlook for oil and gas pg3 Spending surge by Asian SMEs PG 30 8
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    • 97 1 China-India FTA would be a plus: Ratan Tata I^Hf GLOBAL ECONOMY W)rldßank, IMF upbeat pg2 The ultimate O M reference I Wr clpvatrd (lOs.t iCteiCiu'• I I all the m.i-.tc-i w.'!> I i.iie |HI I pom: o-i ,1 or 5..... f i if LUC MANDf l\t UIRI Dfc HflllTt HORLOCik'tt
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  • TOP STORIES
    • 498 2  -  But Indian producers will face intense competition By VIKRAM KHANNA ISINGAPORF'I A China India free trade agreement (ITA) would bp a plus fur India's consumers and eventually lead to the emergence «f a new generation of leaner and more efficient Indian
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    • 683 2 Energy market under strain: Greenspan A!j\N Greenspan. chairman of the IJS Federal Kesorvo, said that oil and natural gas markets won; under the heaviest strain in a generation and suggested that prices might remain high for some time. Rut he was optimistir about the long-run outlook for energy
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    • 567 2  -  ADB forecasts 6.5% to 6.9% growth for Asia-Pacific economies this year By ANTHONY ROWLEY in Tokyo THF World Hank. International Monetary Fund and Asian Development Hank are upbeat about prospects for the global economy and Asia and other developing regions in particular
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    • 89 2 IN yesterday's report "Sun gets access to 4()m China subscriber base", we wrongly stated that Sun Business Network's allocation of SK (ilobal Kquities Corp shares amounted to $'M) million. The sentence should read: "Based on the last traded price of SK (ilobal and a proposed two-for one reverse split
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    • 639 3 Fed chief says higher prices over long run could spark investment New York Times [WASHINGTON] Alan Greenspan, chairman of the Federal Reserve, said on Tuesday that oil and natural gas markets were under the heaviest strain in a generation and suggested that prices might remain
      New York Times; REUTERS  -  639 words
    • 369 3  -  Hng Kiang says situation manageable if prices don't soar too high By RONNIE LIM, DANIEL BUENAS [SINGAPORE] Singapore doesn't face an "emergency" despite oil prices crossing US$5B a barrel and flirting with US$6O this week, Second Minister for Trade and Industry Vivian
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  • Page 2 Advertisements
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  • Page 3 Advertisements
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    • 72 3 For the full text of Alan Greenspan's speech, log on to http://business-times.asial.com.sg visit us at www.alfaromeo.com.sg I Ml l.\T P52 I Euro Automobile PteLtd: 30TebanGardensCresent Singapore6oB927 Tel: 6566 2200 Fax: 6566 5252 Authorised Sales Agent: Hin Lung Credit Pte Ltd 3 Hoy Fatt Road Singapore *****4 Tel: 6472 2222 Fax:
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  • COMPANY NEWS
    • 663 4  -  It gives him 7 days to answer claims of breaches of duties or face the sack By WONG WEI KONG GREATRONIC has rejected the resignation of chief executive and director Lim Kok Koon and has instead given him seven days to answer allegations of breaches of
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    • 675 4  -  HOCK LOCK SIEW By SIOW LI SEN ARKCHNT Credit Suisse First Boston report was quite bullish on Singapore. And that usually means local banks will perform well, given their wide reach in the local economy. The report revised upwards a forecast of
      FILE PHOTO  -  675 words
    • 351 6  -  It mops up shares at 22-22.5 cents, close to 23-cent offer; already holds 50% By MICHELLE QUAH AS expected by analysts. Global Active's recent profit warning has not deterred Osim International from buying more shares in the nutritional products company. Despite being assured of
      351 words
    • 435 6  -  By NANDE KHIN ARA Trust Management (Suntec) Ltd, the manager of Suntec Real Estate Investment Trust, has confirmed a BT report that Suntec Reit is making an offer for part of Ngee Ann City and Wisma Atria. BT said in its
      FILE PHOTO  -  435 words
    • 296 6 [SINGAPORE! Neptune Orient Lines yesterday announced the departure of three non-executive directors, including Tim Rhein, thus marking the end of the only presence of a key exAPL executive on the Singapore company's board. NOL acquired US shipping
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    • 407 6 Bloomberg [SINGAPORE] United Overseas Bank Ltd, South-east Asia's biggest bank by market value, plans to set up a wealth management centre in Hong Kong and form a joint venture in China to expand in Asia. The Singapore-based lender, which bought 23
      Bloomberg  -  407 words
    • 266 6 S&P maintains its ratings for the bank [SINGAPORE] Ratings agency Standard Poor's said that the capital position of United Overseas Bank (UOB) has not been affected by a recent asset sale. UOB, which has a A+/Positive/A-l rating, recently divested a 45.8 per cent
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    • 408 7  -  IPO WATCH Sesdaq aspirant to use IPO money for R&D and expansion By ROLAND LIM SESDAQ aspirant System Access, a homegrown banking software solutions provider, has set its sights on expanding its business in the Middle East and Asia Pacific this year. To achieve
      FILE PHOTO  -  408 words
    • 267 7  -  By DALENA LEE CG Technologies Holdings' decision to seek a listing in Singapore was made as early as a year ago, when the Singapore Exchange held a promotional convention in Xiamen, China. Executive chairman Lam Chik Tsan, who attended the event, was convinced
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    • COMPANY BRIEFS
      • 167 7 SINGAPORE'S Hyflux has signed a joint-venture contract to position itself as a strong player in the China municipal water-treatment market. Its subsidiary. Hyflux Filtech (Singapore), will form a joint-venture company with Chinese companies Beijing Shouren Group. Beijing Zhouji Investment and Beijing Shouren Shidai Investment Consulting
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      • 119 7 THE electronics arm of Singapore Technologies Engineering. ST Electronics, has won a further US$20 million order to supply up to 500,000 units of Multichannel Multipoint Distribution System (MMDS) access control down converters to MVS Multivision (MVS) in Mexico. MVS Multivision is one of the largest
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      • 153 7 MAINBOARD-LISTED Federal International yesterday announced that the contract value of its Semberah Field Development Production Facilities Rental Project in Indonesia has been increased to U5533.57 million from US$2l.6 million announced previously. This project was awarded to Federal's joint-venture company Federal JWR Energy Pte Ltd last March.
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    • 353 7 Bloomberg [BElJlNG] Shangri-La Asia Ltd, the largest luxury hotel operator in Asia, and Mongolia's biggest beverage company will build the country's first five-star hotel as increased mining and tourism creates demand for upscale lodgings. MCS Holding Co, exclusive local bottling agent for
      Bloomberg  -  353 words
    • 276 7 Stock rises for fifth day on prospects, seen as best bet among telcos Bloomberg [SINGAPORE] Shares of Star Hub. Singapore's sec-ond-largest telephone company, rose for a fifth day on optimism the company's expansion in digital cable television will boost profitability. The shares closed the day
      Bloomberg  -  276 words
  • Page 4 Advertisements
    • 1652 4 To advertise call toll-free 1800 289 8822 Email: Botices@sph.com.sg mnn ALLIED technologies limited WM J!■ (Registration No: *****4310E) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of ALLIED TECHNOLOGIES LIMITED will be held at 25 Bukit Batok Street
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    • 1163 4 NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at Boardroom, No. 10 Changi South Lane, #07-01, Singapore *****2 on 22 April 2005 at 4.00 p.m. to transact the fotowmg businessAS ORDINARY BUSINESS 1 To receive and consider the Audited Accounts of the Company
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  • Page 5 Advertisements
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  • Page 6 Advertisements
    • 104 6 A.mwj 31 k STAR CRUISES. THE FIRST GLOBAL CRUISE LINE. In 1993, we started operations in Singapore with one ship and limited ports of call; today, we have a combined fleet of 22 luxury ships in service and expected to be delivered, calling on nearly 200 destinations across 6 continents.
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  • Page 7 Advertisements
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  • SINGAPORE MARKETS
    • 508 8  -  STOCKS Telecom play benefits SingTel, M1 and StarHub; Cosco and NOL rise following brokers' 'buy' calls R SIVANITHY Senior Correspondent IF taking on aggressive equity positions in a climate where risks have increased is not a smart thing to do, then maybe for those who
      Source: Bloomberg  -  508 words
    • 111 8 ANG Yee Lim's investment vehicle CHY Regalia gained a direct interest of 11.11 per cent in Lifebrandz Ltd on Tuesday when a total of 68 million shares were credited into CHY Regalia's central depository account. This, with a separate deemed interest
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    • 82 8  -  Compiled by NANDE KHIN LEONG Hin Holdings, which on Tuesday announced that its executive director Raymond Ng held a stake of 65,595,225 shares in the company, yesterday clarified that the number should read 65,959,225. His higher stake came after the exercise on Monday
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    • 758 8 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS (Disclosures made on Apr 6 and earlier) Subsantial No of Wee SHAREHOLDING e Shareholder Buy/ Shares Per Before After Stotfc Trent Date Director Sell 090 Shr S ('000) COOP) GPInd 6-Apr-05 Lim Hock Beng OE 100 0.62 50 0 01 150 0 03 GP
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    • 1057 8  -  Compiled by R SIVANITHY Magnecomp Infl April 6 dose: 78 cents BMP PARIBAS PEREGRINE. April 4 KR Precision (KRP) acquisition turning out well: KRP's 4Q04 loss totalled $11 million before the acquisition by Magnecomp. KRP's performance has turned out better in IQOS. For one, existing KRP customer Western
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    • 326 8 CURRENCIES AFP [TOKYO] The US dollar turned softer in Asian trade yesterday as dollar buying took a breather following the sharp run-up in recent sessions, dealers said. The dollar eased to 107.95 yen in Tokyo afternoon trade from 108.14 yen in New York late
      AFP; REUTERS  -  326 words

  • BLUE CHIPS
    • 917 9  -  Worries include a downturn in China's property market, writes WONG WEI KONG WONG WEI KONG THINGS have gone rather fiat at Fraser Neave (F&N) these Earnings have disappointed; the stock is seen by many as overpriced; and while the group is best known for
      FILE PHOTO; Source: Bloomberg  -  917 words
  • Page 9 Advertisements
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    • 24 9 IM JIECEIVE VOUCHERS AND I Tcrnw conditions apply, while stocks last. PONTI WINE CELLARS #04-02 CENTRF.POINT TEL: 6733 0369 FAX: 6737 3872 www.pontiwinccellars.com.sg enquiries^/pontiwineccllars.com.sg
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    • 2049 9 l|E LANKOM ELECTRONICS LIMITED CSS Company Registration No ***** NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at 7F No. 5 Lane 345 Yang Guang Street Neihu Taipei 114 Taiwan on Friday 29 April 2005 at 10 00 am to transact the following
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  • SINGAPORE NEWS
    • NEWS ROUNDUP
      • 50 10 THE National Wages Council (NWC) will begin its deliberations on wage and wage-related guidelines for 2005-06 later this month. Members of the public and organisations are invited to share their views on the wage guidelines via post, fax or e-mail at mom—lrd@mom.gov.sg by April 22.
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      • 77 10 THE Economic Development Board (EDB) and Discovery Networks Asia (DNA) yesterday launched the fourth Discovery Pitch initiative part of the US$7.5 million content development fund set up in 2002 by DNA and EDB to provide platforms for promoting talent in the documentary genre. Interested
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      • 96 10 OUTSTANDING students from the School of Biological Sciences at Nanyang Technological University will be able to get a head start in their PhD training from the second year of their undergraduate studies for the first time. Come this academic year in July 2005,
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    • 453 10  -  Republic can build knowledge port, says Hng Kiang Reports by DANIEL BUENAS SINGAPORE plans to position itself as an investment gateway to China and a bridge to India's consumer market and technology industry to harness the new flows and opportunities from the
      FILE PHOTO  -  453 words
    • 156 10 WHILE debate continues on whether Singapore should get an integrated casino resort, Trade and Industry Minister Lim Hng Kiang seemed to indicate yesterday that he is in favour of it. "If the minister of trade and industry does not advocate setting up the integrated resort
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    • 271 10 Singapore 2006 to focus on region's re-emergence THERE will be a showcase of Asean economies at next year's International Monetary Fund and World Bank Group of Governors annual meetings which will be held in Singapore, said Raymond Lim, Singapore's second minister for
      271 words
    • 274 10 THE Yong Loo Lin Trust yesterday donated $100 million to the National University of Singapore (NUS) Faculty of Medicine, in the largest single gift in history to a tertiary institution in Singapore by a private donor. The faculty will be renamed
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    • 41 10 UNIT TRUSTS FUNDS Legend: All prices are indicative: Broadly Diversified: I Narrowly Focused: Lower Risk:^ Low to Medium Risk: Medium to High Risk: Higher Risk open-ended: Before subdivision of units: After subdivision of unit: SP after stock split: N.A.-Non Dealing Day
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  • Page 10 Advertisements
    • 34 10 O DIT Europazins Best Bond Europe Fund over 1 yr, 3yrs and syrs category* rated AA by Standard Poor's. Allianz (jfi) Source: The Edge-Lipper Singapore Funds Awards 2004 Global Investors (omp.my regn. no *****7169Z
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  • FOCUS: SERVICES
    • 1266 11  -  OUTSOURCING The trend is only about to approach a pivotal tipping point, reports ANNA TEO ANNA TEO C| ROM the acres of newsprint and bytes of cyberspace that have dwelt on the subject, it would seem hard to see that offshoring of services
      FILE PHOTO  -  1,266 words
  • Page 11 Advertisements
    • 112 11 Where to wine, dine and entertain... 7 (|®£EE££r 3 O 0 or ~T l FIND THE ONES r s <L4_ \l3 THAT FIT! Q' J Recruit the right people v The Straits Times Recruit -r- d 1_ N C 1, Call 1800 289 8822 or email V I J toadvertise.
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    • 34 11 (Seafood by the oea /VVYyn AAAAAA/WNA JSjNGA C/V^INN t*«food r*>t«ur«nt Singa Inn Seafood Restaurant V# »a%l <msl Pari* a*. Sui**potr 44<M7» m Tel: 6345 111 I lan: *****138 Business Hours 5 00pm 11 00pm
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    • 168 11 Cafe Plaza Euro-Asian Buffet Wrm Thai Food Fare 1 to 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. Beef Tendon 8. Ox-Tripe Kuay Teow Soup. Roasted Duck in
      168 words
    • 1533 11 I.WBPW 289 88mEfliailjiotic2esphxon^ B£-Bt NOTICE IS HEREBY GIVEN that the Ninth Annual General Meeting of Want Want Holdings Ltd (the "Company"HCompany Registration No.: *****/660Z) will be held at Rosewood Room, Level 2, Orchard Hotel Singapore, 442 Orchard Road, Singapore *****9 on 22 April 2005 at 3.00 pm to transact the
      1,533 words
    • 70 11 MERITUS MANDARIN SINGAPORE AUSTRALIAN GOURMET WINE ADVENTURE 1 -30 April2oos Tuck into our lavish buffet spread of Australian seafood and meat dishes amidst our international favourites, and heighten your indulgence with fine Australian wines. Lunch: $45+++ per person Dinner $55+++ per person Reservations: 6831 6271/88 "mandarin" A division of Overseas
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  • Page 12 Advertisements
    • 4019 12 Tn advertise call toll-free 1800 289 8822 Email: MEDTECS INTERNATIONAL CORPORATION LIMITED (Incorporated in Bermuda with limited liability) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Medtecs International Corporation Limited ("the Company") will be held at The Executives' Club, 65 Chulia Street. #33-01,
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  • SINGAPORE NEWS
    • 424 13  -  Grant aims to further dual-track careers in medicine and science By CHEN HUIFEN THE Biomedical Research Council (BMRC) and the National Medical Research Council are to spend $5 million on eight clinicianscientists who can lead the way in bringing basic
      424 words
    • 278 13 THE world's largest chocolatier, Barry Callebaut, is bringing a new definition to the phrase "guiltfree" chocolate. Come next Monday, the Zurich-based manufacturer will introduce its cancer-fighting chocolate in Europe, the US and Japan, with plans to make it available in Singapore within half
      278 words
    • 294 13 PREMIUMS may have tumbled but the bidding pattern in yesterday's COE tender belied motor traders' awareness of the reduced number of certificates of entitlement. Yesterday's bidding exercise was the first for April and also the first for the Quota Year 2005. Compared to
      294 words
  • Page 13 Advertisements
    • 1854 13 Email: notices@sph.com.sg VI I MEIBAN CROUP LTD (Incorporated in the Republic of Singapore) Co Reg No *****2811-M NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Eighteenth Annual General Meeting of Meiban Group Ltd will be held at The Boardroom, Level 16, Grand Mercure Roxy Hotel, 50 East
      1,854 words
    • 1887 13 SembCorp y Logistics SEMBCORP LOGISTICS LTD COMPANY REGISTRATION NO. *****0166 M (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 34th Annual General Meeting of the Company will be held at the Function Room, Level 3M, 5 Clementi Loop, Singapore *****6 on
      1,887 words

  • ECONOMY WATCH
    • 613 14 Action comes after Tankan survey shows dip in confidence Bloomberg [TOKYO] The Bank of Japan held borrowing costs at almost zero after its quarterly Tankan survey last week showed confidence among large manufacturers fell to its lowest in a year. Governor Toshihiko Fukui and
      Bloomberg; REUTERS  -  613 words
    • 169 14 Reuters {BANDAR SERI BEGAWAN] Brunei's economy will grow 3.6 per cent in 2005 as increased activities in its banking, agriculture and manufacturing sectors offset slower growth in oil and gas, the government said. Higher retail trade, real estate, insurance, fishery and transport and communication activities
      Reuters  -  169 words
    • 540 14 Officials will still be at IMF/World Bank spring meetings Reuters (NEW YORK) Chinas no-show at next week's G-7 meeting in Washington does not mean any change is likely to the country's fixed currency system, analysts said. China gave notice some weeks
      Reuters  -  540 words
    • 255 14 NYT [BRUSSELS! Unlike the US, the European Union is not yet considering action to stem the surge in textile imports from China that followed the end of quotas last year, a European trade official said on Tuesday. Instead, the European Commission, which takes the
      NYT  -  255 words
  • Page 14 Advertisements
    • 3077 14 VIZ BRANZ LIMITED (Incorporated in the Republic of Singapore) (Company Registration Number *****1631K) NOTICE OF ANNUAL GENERAL MEETING Notice is hereby given that the Annual General Meeting of VIZ BRANZ LIMITED the Company") will be held at 14 Woodlands Link, Singapore *****9 on Friday, 29 April 2005 at 10.00 a.m.
      3,077 words

  • MALAYSIA/INDONESIA
    • 655 15 Luxury apartments sell well while developers race to build new projects IHT [JAKARTA] Lately, Indonesian property magnate Tan Kian has been selling, on average, almost one apartment a day. That's good business, considering that each of his luxury apartments in central
      IHT; AFP  -  655 words
    • 1213 15 MlntlShipgFB 17.20 unch 680 Public Bank 6.90 -0.15 2698 M lnrl Shipping 16.80 unch 434 Public Bank FB 7.00 -0.10 714 MAA Holdings 5.05 0.09 67 Pulai Springs 1.54 unch 939 Magna Prima 1.43 -0.01 5 PuncakNiaga 2.55 unch 696 MagniTech 1.24 0.03 838 Putera Capital
      1,213 words
    • 415 15 AFP [KUALA LUMPUR] Australian Prime Minister John Howard pressed his case for closer ties with Asian countries in an interview published here yesterday, dismissing concerns over Canberra's links with Washington and threats of pre-emptive military action in the region. Fresh from hosting the
      AFP  -  415 words
    • 108 15 Bloomberg [JAKARTA] Indonesia will invite investors to bid for 11 toll-road projects worth US$3.6B billion in June, the Ministry of Public Works' infrastructure committee said yesterday. The government will open the tenders for the toll-road projects, with a total distance of 641 km,
      Bloomberg  -  108 words
    • 233 15 Bloomberg [KUALA LUMPUR] Hong Leong Group, Malaysian billionaire Quek Leng Chan's holding company with interests from banking to semiconductors, is seeking a US$7BO million loan that will refinance debt at a lower rate. Bank of Tokyo-Mitsubi-shi, BNP Paribas and Sumitomo Mitsui Banking Corp are arranging
      Bloomberg  -  233 words
  • Page 15 Advertisements
    • 1297 15 KINGSMEN CREATIVES LTD. (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Second Annual General Meeting of KINGSMEN CREATIVES LTD. will be held at 3 Changi South Lane Singapore *****8 on Monday, 25 April 2005 at 11.00 a.m. for the following purposes:AS
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  • Page 16/17 Advertisements
    • 517 16/17 @fcIJNT SOPHIA Groove to the city beat! a An features water where you can escape from stresses modern sanctuary a I for you your j your doorstep H» >L I from one to the other til I It almost sounds too good to be true, doesn't it? But it's That
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  • GREATER CHINA/INDIA
    • 328 18 AFP [SHANGHAI] The Chinese are coming! Mainland Chinese product brands may still be largely unknown but executives say European and Asian consumers will soon be buying them as eagerly as they do Japanese or Korean products. While mainland products still suffer from perceptions of
      AFP; REUTERS  -  328 words
    • 505 18 It will also give wider income tax breaks as it scraps rebate on value-added tax Bloomberg [BEIJING] China plans to provide funding and widen income-tax breaks for semiconductor companies, even as it stopped a concession this month which US chipmakers said put them
      Bloomberg  -  505 words
    • NOTE BOOK
      • 60 18 Bloomberg [BEIJING] General Motors Corp, the world's largest carmaker, said its human resources director for the Asia-Pacific region has resigned, becoming the second senior executive to quit the carmaker's China unit in less than a week. Yap Neng Pin quit on Monday in order to
        Bloomberg  -  60 words
      • 93 18 AP [HONGKONG] Kungfu superstar Jackie Chan is staking out opposite ends of the health spectrum becoming a partner in a fitness centre chain while launching a new line of cookies and chocolates. Chan recently announced that his JC Flavor brand will start selling
        AP  -  93 words
      • 110 18 Reuters [HONG KONG] Hong Kong's government asked China yesterday to interpret its constitution to settle a growing row over the term of its next leader, despite concerns that the move will undermine the city's high degree of autonomy. Acting chief executive Donald Tsang
        Reuters  -  110 words
      • 105 18 Reuters [LONDON] Standard Chartered pic is in talks with "one or two" Chinese banks and hopes to buy a stake in one of them this year or in the first half of 2006, the Asia-focused bank's chief executive said on Tuesday. "We have
        Reuters  -  105 words
      • 103 18 Bloomberg [MUMBAI] Indian Hotels Co, which runs the country's biggest chain of five-star hotels, has set aside US$l5O million to expand its network in China, the UK and the US. "Our focus is on the international gateway series, looking forward to the economic growth
        Bloomberg  -  103 words
      • 107 18 Bloomberg [BEIJING] China Netcom Group Corp (Hong Kong) Ltd, China's second-largest fixed-line telephone company, posted its first annual profit in two years after adding phone and Internet subscribers. Net income was 9.25 billion yuan (Ssl .9 billion), or 1.63 yuan a share last
        Bloomberg  -  107 words
    • 467 18 Postponement follows scrapping of its Aircel bid Reuters [HONG KONG] Hutchison Whampoa Ltd's emerging markets phone arm has delayed its Indian IPO as it awaits clarity over changes to foreign shareholding rules, but it remains determined to grow in what is its most promising market.
      Reuters  -  467 words
  • Page 18 Advertisements
    • 2034 18 ifjTjimn&WLmv&'&m &MMI SM SUMMIT HOLDINGS LIMITED (Incorporated in the Republic of Singapore) Company Registration No. *****1088W NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of SM Summit Holdings Limited (the "Company") will be held at The Conference Room, 45 Übi Road 1, Summit Building,
      2,034 words

  • ASIA-PACIFIC/WORLD
    • 424 19 US$16b bid pits it against Time Warner, Comcast NYT, Bloomberg [NEW YORK] Cablevision Systems turned the bidding for Adelphia Communications into a heated battle on Tuesday by offering US$l6.5 billion in cash for the company, executives involved in the process said. Cablevision made
      NYT,; Bloomberg  -  424 words
    • 415 19 AP, Bloomberg [MONACO] Prince Rainier 111 of Monaco, whose marriage to the American film star Grace Kelly brought elegance and glamour to one of Furope's oldest dynasties, died yesterday at the hospital treating him for heart, kidney and breathing problems. He was
      AP,; Bloomberg; AFP  -  415 words
    • 732 19  -  ASIA INSIGHT By ANTHONY ROWLEY in Tokyo NOT so much a conspiracy of silence as a conspiracy of confidencepreserving seems to characterise the reports on the global economy this week from the World Bank, the International Monetary Fund and the Asian Development Bank. Either that
      732 words
    • 267 19 AFP [GENEVA] Sony Corp and world football's governing body Fifa announced yesterday one of the biggest sponsorship deals in sporting history, opening a giant global showcase for the Japanese group's stuttering electronics business. The seven-year deal will allow Sony to join
      AFP  -  267 words
  • Page 19 Advertisements
    • 1604 19 SHarciir SNOWCITY INTERNATIONAL HOLDINGS LIMITED (Incorporated in Bermuda) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at Room 1003, Level 10, NTUC Centre, No. 1 Marina Boulevard, Singapore *****9 on 29 April 2005 at 10.00 a.m. to transact
      1,604 words

  • AVIATION
    • 568 20 Rolls-Royce says China's commercial airline market is a growth area ISINGAPORF) Fngine maker Rolls-Royce sees a total worldwide market for 96.000 new civil aircraft engines worth US$55O billion over the next 20 years, with a similar figure forecast for potential aftermarket service opportunities. It predicts
      568 words
    • 357 20 AFP IKUALA I.UMPUR) Indian carrier Jet Airways will make its maiden flight to Malaysia on April 29, marking growing economic ties between Kuala Lumpur and New Delhi, a senior airport official said yesterday. Malaysia Airports Holding Bhd senior marketing manager Mohamed
      AFP  -  357 words
    • Article, Illustration
      47 20 [HAMBURG] An Airbus employee testing the bar on the main deck of an Airbus A3BO mock-up cabin section at the Aircraft Interiors Expo 2005 in Hamburg. The 555-seat superjet A3BO the world s largest double-decker passenger jet —is due to start operating in 2006. REUTERS
      REUTERS  -  47 words
    • 1989 20 cmr flight rr* flight no DniO Ml566 1925 MI566 0905 MateM* LM9771 IMS AF8088 2215 0#,hl 5Q407 0715 IC856 1145 ***** 1845 BA7382 2215 IC»57 1025 5Q408 18S5 Qf«2 2215 DMpturM 5Q141 1145 5Q142 0935 »wnr«w SQ323 0620 A***** 2255 SO* 43 '"5 5Q146 1640 AZ3992
      1,989 words
    • 370 20 Tilton says US rules prevent access to global capital Reuters [SAN FRANCISCO] United Airlines chief executive Glenn Tilton said on Tuesday the emergence of global "super-carriers" poses a competitive threat to US network carriers that are currently hamstrung by US regulations. Mr Tilton said
      Reuters  -  370 words
    • 216 20 Bloomberg [WELLINGTON] Air New Zealand Ltd said it will raise its surcharge on passenger fares starting April 12, as the cost of jet fuel surged to a record. Air New Zealand will increase its charge on fares for Australian
      Bloomberg  -  216 words
  • Page 20 Advertisements
    • 1279 20 OSSIA INTERNATIONAL LIMITED (Incorporated in the Republic of Singapore) (Company Registration No.: *****4330K) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN the Fourteenth Ann u Genera' Meeting of the Company will Be hew at the Conference Room No 10 Changi South Lane »07-0 1 OSS A Buiid'ng Sngapore ******
      1,279 words

  • SHIPPING
    • 386 21 Hike proposed to meet increase in canal transit fees for bo ships By <s it tt t <• f!in»4U f-im V* Wm «<»• i» n I tM« iMW «|t|"«•» n it >| v Ifci i H i ft« »»**»■< '"V I I 1» ♦>(»*
      386 words
    • 269 21 Bloomberg N,» fe «v *<«• ,f ««•<!»<>« u«« i »«i i imn .««.< •MtllHl two i tW|l-« t«t M ••<*•■ WHO Kt<l Mhiitt*' to «9«t< i#»«> i iM |t >ai ll» ifitfcti h« •i*t» *1 It*# f%*« fii|>i*|«* V»< t iiii-n i|f Ml
      Bloomberg  -  269 words
    • PORT SHOTS
      • 57 21 Bloomerg N Hit.* H<*ii»t< niii ii< lit (In »ir r •< t- «t* !«..•*•»1 md< f ,-n -■<«-' ~l« |ii>i«ii>' f i m>W»« Him Mi' lw> "">»« W.tx i««.i *t»M »«n }<•*•'« I.**< 1* I>M «AI»«| 9»m4t.< l.r fmwifKi'' w gn*m i'»A« 11«' n.« > imi)«i
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      • 71 21 Bloomberg St«>t \M dM<l t I I.*.}•<-< i||M- •>«<• i) f M 4. t*t I t t I' !M*W t !«<•• >■«•)« 4 ti'K. M(t«< 1* I i> niillim •< sii- .j fxn mrf ii« i« 4it* i i i« v<» J I'utU Dm to ii J* mi.i
        Bloomberg  -  71 words
    • 13 21 ku mm *r «i» -4M» v- J» m •> I •>. »«n mm
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    • 41 21 7 t** t I ■> 4.14-'4' I 'to* ».*■> .<(» MM tn—4. -MM J* <M..— 4. >| Mfc.4 M>M 4 lifti/Hni •K' < '<«•«. h/ 4,. 4 •>» >•*■• M I <>>•><''« v( a* 4 4~»v>- Mmio" .44 W* './«< ..*4 44**4'f I" (if >bl »M« <*«« 4.
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    • 114 21 I n I on i. f»rt» •> iii« f it «i »f*W M f •> M*M »tf *4 «4*4* v V M« f.4< |h.M4« M.u M.«hm ">«• >>4 4 W«4 n 4 >«■ Rui < i. > H 4 V t** ♦,144.4 V 4.4 W
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    • 257 21 Bloomberg IWHt '».»<« Ww Mw «NM •*>«>. i<M»M Mm. mill Ungl > 44» I»•».«• m M 4NWM4 ttimim t|pi«ii 11 MI fc+* 4«» 9*o Q 0Q p- o» f <wtO- <NH| w»i »»tl*i.« «4 iwitm iw>"4 *'44 y 1 i mi^ <' mw m
      Bloomberg  -  257 words
  • Page 21 Advertisements
    • 333 21 K'MfTAi COMMON!NT ENGINEERING LIMITED 1« J<»« KM 4 «M»« 44 «l« *II.|»WI »IWlHl» <»-«..# Will II «rtt «m» «>. w<*> k.*. JJI '*a» n ;j nm »*"> h. «.!<» 1..1W1 •-4 »V» 4. ■■!■■< 4»- .4 *>• fl 'I*l < W*•»•, M l»» MW» W ■•*> f -1 rs.■■+.+*•* u
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  • EDITORIAL &
    • 143 22 m m- w *Mt« <*» *»«#M i*¥i- to# fh <►**« «aw m mm mm *m <» mqm «••< *siww 4 <i<. MM*-- VMM gNNRr B»fl BH«i >,Mt gft «M*' #M» ««t im* -m m ,MM A* h f% M*.->»-, ••*»««**>■ ft -HP W I <Mfc to# Mr*
      143 words
    • 223 22 WW 4m* m ft j>n u mm rfßfe. <«• 4" 'V 3' '•He mm* m* -*m 4 ■•w «m m-hMMH 4ft, i hi—w in < •KfM> 4 **Wl>||K *wee tWMt ■> ~mt*\ t iwimi r) Mr *»-j *Mfc ftMMtaM %t w««» "ft* ,ir I
      223 words
    • 55 22 All advanced societies face the problem of fewer T. '-Mil «M» »i^p» »«4<# -»r#t w*m>* wjpi»»-mm **m. pi.i iw -IT" <f -unr linn Mil H* f? f 4* t NM I'« >** I ft* *4 'V |#t« 4* p H« m I tl -<* 4M
      55 words
    • 372 23 Cambodia L and By 4" < 4 -i <ipi»W'i>»s i.» •••■owi l f Hi r* >•« »vr-' .jgwr >***&I' >WHji »''»■<> ♦.•.■J** -V* ■N *1- <» ia*if«i > w* #■*'<• mm #n<p#i 4 »■> < "•*•*<■* %*> 6 *4* < «tt«- HfcMt net I < ~m*
      372 words
    • 35 23 LETTERS TO THE EDITOR •our* **"1* w*» 0i <i»" ♦#•*44*5 I*-*** > HP 1 f» I***-* o"**|.»"ilLtt+l»« I •"i 'V m* £c ti iH»*t a^> r Hki 1 i I* r
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    • 4 23 -'HP 11 m
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    • 43 23 X- #t r *«M> -t* i|»li' >4«%r4*t* #<«•» «M #1 .*4P •♦^^l #4 -*»f *»l—t M V# <•»* 4* **%ui'*tt«i> flMi ni# < v i«m* *.vr **t 4#r« WN# e »»v ,>+** liti iH' 4 Hki ft f tl **N'f
      43 words

  • Page 23 Advertisements
    • 94 23 •MHQMMfeo# «fIMM %4BP+W> W < t*« .«M». ♦'aptmw •«•>» I >11 ■>»« m '#I •> yf HI III! <•«■>» ->» mr mmi +***»•*> <»«r. <•» -KM HWI-WB <■» w <«t i w» hw 4» m ->•» «r •<• mp*4H 9 V* <'** 4p»»•• w< (pr-MM M» •l«»- m <* <•»
      94 words
  • Page 23 Miscellaneous

  • 11213 24 SGX MAINBOARP 52 Wk Tel last Vol Day Last Quote GrOtv On GrYld Net MCip High Ion Code Company Sale 000) High low tuyer Seller Cvr Pit imi 18 4 5716 1st Software 5c 4 unch 376 4 4 4 4 5 16.2 34 5 15 5 3148
    11,213 words

  • 6498 25 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In lout cwr In SS In USS Ndy X«y *fcyr Hcfy %yr *<* *nd«K Change Chang* Change Changa Change Change WtottiOei 8554 05 03 03 01 06 17 »EAO BU OJ JS "p5 W__ JXfl -1.1 Europr PiMr 1107B 08 41 07 13
    6,498 words

  • Page 26 Advertisements
    • 1459 26 I TP USA/CANADA I EXPORT I I OTHER DESTINATIONS I ;«n to AUSTRALIA (AUSTRALIA ASIA EXPRESS) j mu M M n* |r«| |m»| in in I■1«i mtumi Wr* :w \> mw aw r 1 ~~7T; ——f l— rr U, jw .'V <«« 5 ,4 —J _i UHM.U in H"54 It
      1,459 words
    • 320 26 p] DONGNAMA LINE vma (Tvht widi vot scr mc m rus TOUIUMU 004N I J/0< 17/04 n/04 IS/04 (UIOOWH SO4M N/04 24/04 7t/04 01/05 OUKMU MMM >7/04 01/01 M/OS 0»/0J vnsQffvMTMT) vot scr mc KOTAMMUM HUNS 00/04 IS/04 lOTA NMMUN MMIOS It/04 70/04 msa (Ivot un vot scr mc <Mvn
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    • 871 26 IIWWKASU ROUP SERVICE .vot uwmT) tccwnw) WW kh IJ 5 «t STUHMrt*TuHO7<IS IJ 17 H J;/DJ 71/OJ 01/04 Ot '04 00'04 STumniruwoiDs is jj 11/04 11/w STIAin rtTUtl Of PS 1$ 17 77 73/04 7i/W jjj 01/05 OS/OS [AUSTtAUAN RORO UKVKt WM/VOT IAMfQtT) HBCHTW Id SO HT WH STB MB
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  • Page 27 Advertisements
    • 1187 27 77 ,MOL Combines Cf a range of shipping modes to ensure timely, reliable services covering major ports in Norm America, Europe, Japan, Asia, Africa Oceania. Also acctpi hrirrAda (argots Ik For Schedules, BL Searches, and Container Tracking, visit on our Home Page: www.molsin.com.s9 www.homburasud.com AUSE SERVICE (EXPORT) looliliia Holht: (65)
      1,187 words
    • 1242 27 VESSEL VOY_ _SIN_ jn_ _HKG_ _INC_ JCm_ _PUS_ VKSEL VOY SIN JKT SUB HKG USN PUS HY BRIDGE W2S _7/4_ _9/4_ _U/4_ J6/4 JO/4 M/4_ KAOTC SHANGHAI SPSS 10/4 13/4 14/4 19/4 23/4 24/4 HY VLADIVOSTOK IS7S 14/4 16/4 21/4 23/4 25/4 27/4 27/4 KMTC PORT KELANG SPSS 17/4 20/4
      1,242 words
    • 785 27 I® WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICD POINTS VKHt VOY SIN PJUANgI (OiOMIO N. SHCVA COIOMIO INDIRA GAMDHI OQ9?W HAW )1W 24 APR 27 APR 30 AW imtm M2L iiifL 2im JftM 09 mar BAY BRIDGE 008W 02 MAY 04 MAY 07 MAY 10
      785 words

  • Page 28 Advertisements
    • 777 28 VUW WALLENIUS WILHELMSEN website: http://www.2wglobal.(om [VKSB VOT »W HOGWT SW IK MAO HOU« MIA SAV j*T Off MT( NEW MOO TAPKXA AJSO4 400lni 4.3 M 10/04 10/0$ IS/OS 19/0$ 17/0S 21/0$ TAMIW Wsl? 4001wt 4.3 M 29/04 07/0$ 10/04 16/04 14/04 TAMPA AfSH *****ai 14M 01/0$ JO/0$ 01/04 13/0* 17/04
      777 words
    • 1860 28 VtSStL VOY SM PCtl YKSa JfDl |g -ft mm. Ml SiS PAC lANOA 1439N 02/04 03/04 PAC Mil AIM 03/04 ot/04 nC lANDA 1440N 03/04 04/04 9213 05/04 07/04 CSF 2301 0102P 03/04 03/04 PAC BANDA 1441N OS/04 05/04 VISSH VOT CSf 2301 0103P ***** 07/04 jWgWj; UIB OS/04 07/04
      1,860 words

  • THE BUSINESS TIMES SHIPPING TIMES
    • 7488 29 ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number Number SIN Dest'n Name Name Number Number T 30/04 13/05 Nortrans THOR MARINER 5/05 *****200 TO ABIDJAN (ABJ) 2003 Cote D Ivoire 04/05 16/05 IRISl IRAN BAABAEI
      7,488 words

  • BizIT
    • 694 30  -  BT exclusive Its ace is information lifecycle management, reports AMIT ROY CHOUDHURY AMIT ROY CHOUDHURY DM «torag< ma pit I V»< i «.rp<<ra ti«n sa\ s it* abih tv to offri Information I ife < v c Manage ment 111 Ml ar
      694 words
    • 289 30  -  By AMIT ROY CHOUDHURY MSP I'anhas bank is a kev Stnga p< re i usti»m« r that has implement ed I Mi s information Itfecvrle management ill Mi volution Vrnrding to (Mixer < oltn HSf* '•u .is head of \si«» ParlfU Infra *trurttjre and operations
      289 words
    • 232 30 AFP \SHIV«K)N|( omputer irus incidents jfrew 50 per cent m 2< X >4 even iti the absence <»f a major new attack, a security sur\ey showed yesterday I he survey by <*y bertrust's i( S l.abs found that the frequency of attacks,
      AFP  -  232 words
    • 396 30  -  By ROLAND LIM INFORMATION technology is viewed by Singapore executives as a crucial part of their future business strategy, according to Kconomist Intelligence Unit's laU'st survey. More than three-quarters of the local executives in the private sector surveyed agreed that technology
      396 words
    • 693 30  -  Trend comes amid strong regional growth in sector By RAJU CHELLAM in Somm New York SMAI.I. and medium enterprises ISMI sl are a force that cannot he ignored And infotech companies across the hoard including IBM. Hewlett-Packard, hell. Sun Microsystems. Microsoft. Oracle. I
      REUTERS FILE PHOTO  -  693 words
    • 386 30 IBM SSI-LS| A powerful coalition of softwarr and technology groups including IBM. Oracle and Nokia has joined the Kuropean Commission's long antitrust battle against Microsoft, accusing it of wide-rang-ing anti-competitive behaviour, according to a report in the Financial Times. The group the
      386 words
  • Page 30 Advertisements
    • 553 30 "I t *=1 J.'V'af Arrui vn<U»< fa r-(j#s ft m'm i*rrr yij> Mm f. a* n t. K" r Jf* a n fc. fm •>' "a lAjm > f am U IMMM" nAM V a•' *11 S_ Ym~ V, ;u J"« fi \rm• a m »iaa t« T l<«, '*»if
      553 words

  • PROPERTY
    • 358 31  -  Ferrell pays $146m for luxury units in upcoming Martin Rd development By ALEXANDRA HO SINGAPORE property giant Capita Land yesterday announced the sale of 80 units of its upcoming River Gate residential development to Ferrell Premier Real Estate Investment Fund for $146 million. Ferrell Premier
      358 words
    • 1148 31  -  More institutions drawn to investment market, says SOON SU LIN SOON SU LIN OVKR the past decade, the peak in investment sales was in 1996, with $12.7 billion worth of investment sales recorded. This coincided with a peak in property prices. With the economy
      Source: CB Richard Ellis Global Research & Client Services  -  1,148 words
  • Page 31 Advertisements
    • 49 31 i) v 7 CU rhd the ones b rt u J THAT Fm Recruit the right people v. 1 j through The Straits Times Recruit. 1 f Call 1800 289 8822 or email t J N 1 recruit@>sph.com.sg i s< to advertise. v C 1 fiI99!RR9 f 4 /\j <
      49 words
    • 62 31 EBUSINESS SPACE FOR LEASE AT NOIL CORPORATE BULBING 50 Kallang Avenue > 30,000 sq fl fully fitted business space on one (loot > 2 other smaller units between 3,700 to 4,500 sq ft available > Close proximity to CBU > 8 mms walk to Kallang MRT > Ample parking space
      62 words
    • 249 31 PATERSON ROAD DEVELOPMENT SITE FOR SALE BY TENDER W I I •faftoo Prime location off Paterson O Z Road I 2/ I '—I Grand Hyatt if I°f Freehold H Approximately 100,000 sq ft Plot ratio 2.1 Height control up to /;/jl 24 storeys hj hf t Excellent unobstructed l P
      249 words

  • PROPERTY WATCH
    • 1269 32  -  Recent changes mean that potential home buyers should be more-than-ever wary, says ARTHUR SIM ARTHUR SIM LIKF banks' interest rates. Central Provident Fund (CPF) rules hint at whether it is a good time to buy property. And if one reads the current CPF changes correctly,
      FILE PHOTO  -  1,269 words
    • 1123 32 HSBC M PROJECT NAME/ PROP CONTRACT TENURE BUILWIAND PRICE PSf STREET NAMF TYPE DATE ARtA'fSQfT] (SS 0001 <SS) District 01 NON-LANDED Pearl's Cte Apt 04/03/2005 99 1410 395 280 The Sail At Marina Bay Apt 26/02/2005 99 2034 2300
      1,123 words
  • Page 32 Advertisements
    • 115 32 I I Got the right home? Now get the right home loan. :fl_ EWn CI Buying a house in Singapore is a heavy investment. However, you can still have the freedom to live life the way you want. with HSBC home loans. Enjoy these benefits when you take up an
      115 words
    • 32 32 HSBC <Z> The world's local bank This is a fortnightly series brought to you by HSBC. For a free property valuation or a quick assessment of your loan requirement, please visit www.hsbc.com.sg
      32 words