The Business Times, 9 April 2005

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Total Pages: 24
1 24 The Business Times
  • 15 1 THE BUSINESS TIMES weekend SINGAPORE 85 cents MICA (P) 089/03/2005 April 9-10,2005 online at http://biisiness-ttmesasial.com.sg
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  • 637 1  -  Judicial management hearing adjourned By WONG WEI KONG [SINGAPORE] China Aviation Oil (Singapore) said yesterday that it would improve its existing debt restructuring scheme by the middle of next month. And with that, the hearing on SK Energy Asia's petition to put the company
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  • 448 1  -  By PAULINE NG in Kuala Lumpur SINGAPORE-BASED cinema operator Cathay Organisation Holdings is going Back to the Future. Twentyodd years after it closed its last Malaysian movie house, it is re-entering the market there in style, with a RMIO7 million (5546.7 million) cineplex
    THE STAR  -  448 words
  • Page 1 Advertisements
    • 55 1 YOGA FOR BABIES fol GET THAT HOME. SGET THAT JOB. It pays to widen your reach if you're in the market for a property or a job. BTs Saturday Classified ads section is strong in new and landed properties and in professional and executive posts Tap into I it every
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    • 14 1 RAFFLES CONVERSATION Edmund Cheng on the artsinS'pore PG3 8 Markets Dlgtst on Pg 2
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    • 86 1 1 V. JUNIOR GOLF Ifs no child's play pg .<> WH ulilli MH>»IM>IUMIJMI»>iI«^^mfBBI ri ntn*.afr i My.' k 49S9M^Lm^IP^A jH^L \ln mSk 1 -jmCbFIW jSI Breguet. La passion lalsss des traces. Wristwatch "Grande Complication" in 18-carat yellow gold Self-winding mechanical movement. engraved by hand Off-centred chapter ring Centre minute hand
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    • 6 1 MOTORING The extraordinary Mercedes AMGs PGI9
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  • TOP STORIES
    • 570 2 UOB shares buoyed by divestment cheer SHARKS of United Overseas Bank hit a 52-week high yesterday as the counter continued to enjoy the market's attention following its move to divest a near 35 per cent stake in United Overseas Land. The stock rose 20 cents to $14.80, overtaking
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    • 548 2  -  Initial portfolio of $300m in loans to benefit 300-400 firms By NANDE KHIN [SINGAPORE] Singapore's first-ever loan securitisation scheme for small and medium-sized enterprises (SMEs) was launched yesterday and the initial portfolio of $300 million worth of loans will benefit 300-400 SMEs. Called
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    • 139 2 STI 2.181.94 (+5.55) ST INDEX FUTURES 2.176.00 (+15.00) simso 258.64 (+0.63) SIMSO FUTURES 259.10 (+120) MARKETS Friday Change KLSE COMP 864.02 +2.50 NIKKEI 225 11.874.75 4*3.76 HANG SENG 13.666.72 +64.37 SET INDEX 683.76 +5.79 JAKARTA COMP 1.111.22 -0.39 MANILA COMP 1,906.69 -7.53 SEOUL COMP 992.17 +3.27 SHENZHEN B
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    • 416 2  -  EDB advisory panel draws attention to Singapore's special strengths By CHUANG PECK MING (SINGAPORE] Singapore has what it takes to get emerging economic giants China and India to do more business, according to an international panel of top executives. Singapore sits between
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  • Page 2 Advertisements
    • 97 2 |r I fc-;V*\ Sk" I I P GOLDEN POINT AWARD 2005 It is said that everyone has at least one good story inside of them. What's Yours? The Golden Point Award Competition is seeking the best, most original, unpublished short story or poem by a Singaporean or Singapore Permanent Resident.
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    • 80 2 BT ONLINE Access to BT Online is free after 6pm each day. But print subscribers can access our online news anytime. Call 6388-3838 to subscribe and activate your online account All enquiries to Western Australia's Oldest The Registrar, Mrs Vivien Porzig Independent Boys' School Haie school, Hale Road, Wembley Downs,
      80 words
    • 16 2 via Fresh jobs everyday Read our newspapers for a fresh set of jobs everyday! e 3
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  • RAFFLES CONVERSATION
    • Article, Illustration
      1670 3  -  Developer Edmund Cheng muses on the values the arts can bring to Singapore: the arts are not about entitlements, but about taking risks, he tells PARVATHI NAYAR PARVATHI NAYAR Development is a word that comes loaded with meanings; but whether referring to the construction of groups of buildings,
      ARTHUR LEE  -  1,670 words
    • 465 3 "THE disco is a form of art," says a smiling Fdmund Cheng, "but young people need to be offered alternative ways to use their leisure time." Mr Cheng is discussing how the Old Parliament House, a heritage site, was set up as The Arts
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  • Page 3 Advertisements
    • 65 3 RafflesT INTERNATIONAL Hocels Resorts A Member of Capital-end The Raffles Conversation is brought to you through a special arrangement with Raffles International Hotels and Resorts. The Traveller's Palm in the Raffles International logo is an apt symbol. Not only has water stored at the base of this palm provided sustenance,
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  • COMPANY NEWS
    • 455 4  -  BANKING MOVES They hit 52-week high of $14.80, overtaking their DBS counterpart By SIOWU LI SEN SHARES of United Overseas Bank hit a 52-week high yesterday as the counter continued to enjoy the market's attention following its move to divest a near 35 per
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    • 366 4 Reuters [HONG KONG] Singapore's DBS Bank appears to be edging ahead of rivals jostling to set up the first property trust of Chinese buildings, saying yesterday that it could list the securities in Hong Kong or Singapore as early as June.
      Reuters  -  366 words
    • 278 4  -  By NANDE KHIN SINGAPORE ranks eighth in the Asia-Pacific in terms of the number of companies in the latest Forbes Global 2000 list. For the second year, Forbes Global 2000 which ranks the world's 2,000 leading companies based its assessment
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    • COMPANY BRIEFS
      • 141 4 DBS Bank yesterday informed ARA Asset Management (Singapore), the manager of Fortune Reit, that besides its substantial direct stake of 47 million shares or 9.87 per cent in the real estate investment trust, it also has a deemed stake of 1.3
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      • 86 4 Reuters SOUTH-EAST Asia's largest defence group, Singapore Technologies Engineering, yesterday posted a larger-than-expected 22.8 per cent rise in first-quarter net profit to $88.1 million, due to strong returns from its shipbuilding and land systems units. Turnover rose 6 per cent to $710 million.
        Reuters  -  86 words
      • 74 4 ST Aerospace, the aerospace arm of Singapore Technologies Engineering, announced yesterday that its subsidiary, ST Aerospace Supplies, has been appointed by Okay Airways China's first private airline to support a complete range of components on the new carrier's fleet of six 8737s
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    • 489 4  -  By WONG WEI KONG LESS than two weeks after it suspended its chief executive in a move that caught the market by surprise, Global Active yesterday said it has reinstated Cynthia Poa as CEO with immediate effect. Global Active suspended Ms Poa at
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    • 754 5  -  CORPORATE ANALYSIS Encourage the correct sort of whistle-blowing, and treat the whistle-blower as a 'saviour', says MICHELLE QUAH MICHELLE QUAH SINGAPORE made a bold attempt to improve corporate governance this week when the Association of Banks (ASB) became the first industry body to propose formal whistle-blowing
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    • GRAPEVINE
      • 56 5 A HIGH-END Singapore property developer is believed to be quietly eyeing prime land in Kuala Lumpur for his maiden project in the Malaysian capital. But he seems to be worried about the recent spate of crime in Malaysia. It's unclear if the developer will proceed, or perhaps build
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      • 90 5 HOW many diamonds can a girl have? Never too many, apparently. Aspial-Lee Hwa Jewellery Singapore is said to have a customer who chalked up 56 unique transactions at its stores here in just a year. That's more than one transaction per week. And to top it
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    • 315 5  -  By ROLAND LIM TAKING its China expansion one step further, Sin-gapore-listed chip tester United Test and Assembly Center (Utac) yesterday unveiled the signing of memorandums of understanding (MOUs) with nine Chinabased fabless semiconductor companies to be their preferred partner for test and assembly services.
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    • 111 5 Bloomberg ASIA Pacific Breweries (APB), which makes Tiger Beer, yesterday opened a new US$4O million bottling plant in Singapore to help boost exports to markets such as Europe, North America, Australia and the Middle East. The new plant will improve packaging for "more
      Bloomberg  -  111 words
    • 496 5  - Market surprises against the odds STOCKS R SIVANITHY Senior Correspondent UOB-KAY Hian's second-quarter outlook is titled Against The Odds and you'd be hard pressed to find a more apt title. The "odds" in this case are well-known to followers of the financial markets: rising oil prices, inflation, interest rates and
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  • Page 4 Advertisements
    • 1859 4 Notices NOTICE TO CREDITORS AND CONTRIBUTORS OF INTENTION TO APPtY FOR RELEASE SHOW THEATRES PTE LTD (IN LIQUIDATION) COMPANIES WINDING UP NO. 319 OF 2000 Company Reg. No: *****8234R Take notice that I, the undersigned liquidator of the abovenamed Company, intend to apply to Court for my release, dissolution of
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    • 535 4 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF PV CLEANROOM PTE LTD (IN CREDITORS' VOLUNTARY LIQUIDATION) Co. Reg. No. *****1590K Extract of the minutes at the Extraordinary General Matting of members of PV Cleonroom Pie lid convened and held at Equity Plaza 20 Cecil
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  • Page 5 Advertisements
    • 175 5 X COLOUR YOUR SKY B lai CT nH^HH When you fly Business or First Class with Gulf Air from Singapore 'jF you'll receive a shopping voucher for use at one of Singapore's premier j department stores. Business Class passengers will receive a voucher ffltk to the va,ue °f 200 and
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  • PERSONAL INVESTMENT
    • 686 6  -  Compiled by R SIVANITHY Armstrong Industrial April 8 close: 15 cents KIM ENG SECURITIES. April 8 ARMSTRONG announced it would sell its building to Mapletree for $20 million and lease it back for 10 years. It will book $600,000 in gains from the transaction. The proceeds from the
      686 words
    • 1634 6  -  SHOW ME THE MONEY A look at the track record of IPO managers over the past four years TEH HOOI LING Senior Correspondent IN the past couple of years, a number of new listings have surprised the market with losses or sharply reduced earnings some just
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    • 1089 6 For week beginning Apr 4 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS Subsantial Buy No of Price SHAREHOLDING Trans Shareholder Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) (*000) Parkway Hldgs 7-Apr-05 Chang See Hiang OE 50 0.84 75 0.01 125 0.02 Parkway Hldgs 7-Apr-05 Chang
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  • Page 6 Advertisements
    • 41 6 Insiders' trades. Brokers' recommendations. Dividend table. The pages also cover transactions by directors and substantial shareholders. Hj| Mf In other words, news you can use. mHggmjmm IgSgK B H 99 h Hi 11 >11 >] 1k 1 yVB 11 u 1 "^1
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  • BT INVESTMENT ROUNDTABLE
    • 2591 7 OVERVIEW Oil prices this year seem to be on a relentless climb again, hitting new highs of close to US$6O this week. While there isn't any panic just yet, the situation is starting to get "scary", as a DBS economist noted. When will alarm bells sound?
      PHOTOS BY CHRIS LOH EXCEPT ARJUNA MAHENDRAN  -  2,591 words

  • SINGAPORE NEWS
    • 463 8  -  EDB's advisory panel recommends R&D spending to be 3% of GDP in 10 yrs By CHUANG PECK MING AN international panel of top executives says manufacturing can continue to be a key source of growth for Singapore even though there are now many
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    • 86 8  -  By SAMUEL EE AFTER an absence of more than four gears from Singapore, Fiat is kicking off its comeback by being the Italian ambassador's official car. no less. Folco deLuca Gabrielli has ordered a Fiat Ulysse 2.0 from the marque's new distributor. TTSEurocars. The
      ARTHUR LEE  -  86 words
    • 504 8  -  By DANIEL BUENAS SINGAPORE and Panama have concluded talks for a free trade agreement (FTA), which will be signed before the end of the year, to grant greater market access to both countries. This is the first FTA for Singapore with a Central
      Source: IE Singapore  -  504 words
    • 312 8  -  By CAROLYN QUEK THE National Environment Agency has streamlined the application and approval process for the $20 million Innovation for Environmental Sustainability (lES) Fund. This was announced yesterday by Yaacob Ibrahim, Minister for the Environment and Water Resources. He was speaking at the
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    • 437 8  -  By CHEN HUIFEN PFIZER Singapore yesterday said it had voluntarily suspended sale of its arthritis drug BeStra in Singapore, following discussions with the Health Sciences Authority (HSA). The announcement follows a similar action in the US, in which the Food and
      437 words
    • 419 8  -  By NANDE KHIN ANOTHER avenue for small-and-medium enterprises (SMEs) to raise funds is on its way. A private equity exchange for smaller companies which will be a cheaper alternative to raising funds through an initial public offering should be in place by
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    • 332 8 SENIOR Minister Goh Chok Tong will make an official four-day visit to Qatar and Kuwait from April 9-12 as part of the government's continuing effort to engage the region. In Qatar he will meet Sheikh Hamad Bin Khalifa Al-Thani, The
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  • PROPERTY
    • 666 9  -  Monumental architecture doesn't have to be big and shiny. It can be a little house, ARTHUR SIM learns ARTHUR SIM WHEN an Italian gives an opinion, it often sounds good. So when Luca Molinari, curator of the latest architecture exhibition at the Urban Redevelopment Authority, says
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    • 32 9 UNIT TRUSTS FUNDS LEGEND: All prices are indicative;√Broadly Diversified;|Narowly Focused;$Lower Risk;^ Low to Medium Risk:&Medium to High Risk;** Higher Risk;oopen-ended;+Before subdivision of units;After subdivision of units;SP after stock split;N.A. Non Dealing Day
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  • Page 9 Advertisements
    • 34 9 DIT Europazins Best Bond Europe Fund over Iyr, 3yrs and syrs category* rated AA by Standard Poor's. AlliaflZ (Hi) Global Investors Source: The Edge-Lipper Singapore Funds Awards 2004 ]000n7 a r-r- company retjn.no *****7
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    • 410 9 Hn||l)|l|Hl Call toil-free 1800 *****22 l^otlces®sphxom^s^^ LOOT CERTIFICATES The following share certificates have been reported lost, mislaid or destroyed by the shareholders:Nanw of Company Ctrl Not. No.gfShrtt inttWfWTWOf Singapore Finance lid *****583 to 5x1.000 Goh Tieng Tak deceased. Estate of *****587 *****059 Ixl,ooo Goh Tieng Tak deceased Estate of *****171
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  • Page 10 Advertisements
    • 835 10 i The Business Times classified PR PERTIES a 9 CONSERVATION EVERTON ROAD 3-Storey Can be split into 3 Apartments Rented $9K $2.2 M Patrick Tel: 9631 0201 aO Jalan Sayang Charming Freehold 2 %-storey bunglw s+l+l, Huge rooms 5000/ 4200 sqft Tasteful decor Kol pond, Landscape gdn Serene Goh Tel:
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    • 231 10 I DISTRICT 19 An oasis to escape to at Brockhampton Drive Experience the scenic cosy living the moment you surrounded by greenery. So storey corner years Face North East. Can rebuild. Klasu Ong Tel: 9185 8895 DW a-" Jalan Leban 2 Tstorey semi-d f 9 Und 3400 s ,t/ bullt
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  • Page 11 Advertisements
    • 703 11 r 1 THE BUSINESS TIMES CLASSIFIED &h»yPR PERTIES Bk DOl-08 J CITY 8 SOUTH-WEST f PTE HSES-SALE Kinta Rd, Race Course. rey 1300/ 3600 sqft. Below indie ative 51.35 M. Steven 9270-4316 Vista Park. South Buona Vista 914 sq ft. $338k. *****605 Dan iel Ling. DOl-08 CITY a SOUTH-WEST PTE
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    • 633 11 IfK DO9-10 ORCHARD/ Kli TANGUN/HOLLAND PTE APTS-SALE Shanghai One. Shanghai Road. Fr S4BOK. 560/ 883/ 1066 sqft. Carin *****502. Sheares Ville. 9 Holt Road. Fr $1.2 m. 1399 -1475/ 4707 sqft. Alvin *****570. Stevens Loft. Near Orchard Rd. 732 2,045 sqft. Immediate Occupation. Call 6738 0396. Tanglin Hill Meadows. Tanglin
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    • 634 11 BDI2-14BALEST1ER/ MACPHERSON/GEYLANG PTE APTS-SALE WATERINA NEW F'HOLD 3+l/ 4+l Best Choice Unit! Pool facing. Mins to city. MRT shops. Near good schs. Best Price! *****765 Bishan Point. Bright Hill Drive. $480K up. 936 sqft. 9105-6107 owner. Cheng Fang Mansion. Geylang Lorong 33. 5355 K. 950 sqft. Elaine hp *****248 Deroyal.
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    • 690 11 Vfek Dl 5-16 EAST COAST lllr PTE APTS SALE Cote D'Azur Marine Parade Road. $1.18 M! 1540 sqft. CK 9616-3961 Huttons Costa Rhu. Tanjong Rhu Road. 1 Asking SI.OBM. 1776 sq.ft. Call 6440-9788 Patrick Costa Rhu. Tanjong Rhu Road. Asking $840 K. 1650 sq.ft. Call 6440-9788 Patrick Costa Rhu. Tanjong
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    • 649 11 mk 015-16 EAST COAST UP PTE APTS-SALE Pari Dedap Wlk. Tanamera Crest, j 1184 sqft. $595k. *****811 Tess j Tan. Sunny Palms. Telok Kurau. S7OOK. 1044 sqfT. Adeline hp *****929 The Calypso Exclusive 2*l 3*1,5star quality, pool view, greenery, quiet. MRT. Kevin 9060-2228 DTZ Villa Laguna. Upp East Coast. 1496
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    • 570 11 »Dl 9-20 SERANGOON/ THOMSON PTE APTS-SALE Bishan Point. Bright Hill Drive. S46BK up. 936 sq.ft. Boon, HP 9389 0909 Bishan Point. Bright Hill Drive. $628K up. 1184 sq.ft. Boon. HP 9389 0909 Bishan Point. Bright Hill Drive. $748K up. 1485 sq.ft. Boon, HP 9389 0909 Chiltern Park. Serangoon Avenue 3.
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    • 373 11 ■It Dl 9-20 SERANGOON/ ExD THOMSON PTE APTS-SALE 3. Rosyth Ville #02 04. $562k. 1087 sq ft. Carin 9008 3502. 3. Rosyth Ville #05 04. $734k. 1798 sq ft. Carin 9008 3502. 025-28 NORTH HOUSES -SALE Dedap Road 2-storey Semi-D. $I.BM. Land approx 4000 sqft. Elaine hp *****248 Jalan Jarak.
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    • 217 11 PVh 025-28 NORTH lit? PTE APTS-SALE Luxury MM Balinese-style Living /fgxclusivc 18-unitßalinese-style apartments «-E£.\ f■'. 0 Unit* with pool facing available 0 Spacious studios, 2-room, 3-room units >—-p Qj Si penthouses (732 2626 *qft) Attractively priced from J47OK T j% 0 Short walk to Sembawang MRT s= j S "sgr*
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    • 134 11 WfK D 25-28 NORTH |If? PTE APTS-SALE fftk D 22-24 WEST |i|r PTE APTS-SALE Regent Pk. Jin Lempeng. 1173 sq ft. $550k. *****750 Faustine I Foong. Regent Gr. C C Kang N 7. 1173 sqft. $500k. *****019 Steven Liu. Regent Gr. C C KANG N 7. 926 sqft. $380k. *****868
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    • 139 11 VVK 025-28 NORTH |P PTE APTS-SALE Castle Green. Yio Chu Kang. SS4OK-S6OOK. 947/ 1151/ 1216/ 1410 sqft. Elaine hp *****248 D.26. Castle Green. Yio Chu Kang Rd. Asking S6OOK. 1410 sq.ft. Call *****788 Patrick. Foresthills Condo. Transit Rd. SSISK neg. 1044 sq.ft. *****313 Teresa Hazel Pk Cdo. Hazel Pk Terr.
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  • JOBS
    • 328 12 Job openings and pay look set to improve this year Bloomberg [NEW YORK] JOB opportunities and pay for graduates with master of business administration degrees may improve this year as corporate recruiters become more optimistic about the US economy, according to a survey released earlier
      Bloomberg  -  328 words
    • EXECUTIVE MOVES
      • 96 12 INTERNET security firm McAfee has appointed Lawrence TK Wee (right) president of its Asia-Pacific operations. Mr Wee will be responsible for sales in North Asia, South-east Asia, India, Australia and New Zealand. The company, known for its anti-virus software, has its headquarters in Santa Clara,
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      • 94 12 FEDEX Express, a subsidiary of FedEx Corp and the world's largest express transportation and logistics management company, yesterday named David Ross as its new regional vice-president for South Pacific operations, with immediate effect. Based in Singapore, Mr Ross will be responsible for developing and executing
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      • 93 12 CHARLES Terry has been appointed the first EW Barker Professor of Physical Education and Sport Science at the National Institute of Education. Prof Terry is professorial research fellow in sport psychology and graduate programme coordinator at the Australian University of Southern Queensland. During his
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      • 64 12 BROADCAST services provider NTL Asia Pacific announced the appointment of Yusman Jusoh as its new customer service manager for the Asia-Pacific region. He will be responsible primarily for operations and maintenance in NTL Malaysia, and will also be part of the business development division. Mr
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      • 105 12 AIRASIA has announced that Jean Chang will be its new executive vice-president for Greater China and North Asia. He will spearhead operations in both regions, and will be part of the new regional set-up based in Kuala Lumpur. Mr Chang joined AirAsia from China
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      • 98 12 SIMON Leung, Motorola's senior vice-president, Asia-Pacific, has been promoted to the position of president for Motorola's operation in the Asia-Pacific region. Mr Leung is tasked with leading the regional and country strategies for Motorola, including implementing strategic account management across the company's global accounts, executing
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    • 236 12 THE chief executive of the Maritime and Port Authority of Singapore, RADM (NS) Lui Tuck Yew, will move over to the Housing and Development Board as its chief executive officer from June 1. His vacated position will be filled by Brigadier General Tay Lim
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    • 207 12 Bloomberg [NEW YORK] Levi Strauss Co, the closely held maker of denim jeans, will hire a new president for the US Dockers brand to replace Bobbi Silten, who is taking a six-month sabbatical. The company has started an external search to fill the
      Bloomberg  -  207 words
    • 856 13 The idea is to marry the efficiency of rapid meetings with the goal of providing entrepreneurs with good advice I LONDON] ANEW experiment in connecting budding entrepreneurs called speed mentoring is evolving in this metropolis which may well become the inthing in management technique, says
      FILE PHOTO  -  856 words
    • 316 13 Bloomberg [NEW YORK] Bank of America Corp (BoA). the third-biggest US lender, added five executives to its team of investment bankers that serve other fi-nancial-services companies. Banc of America Securities LLC hired Hans Miller, Robert Fleischer, Michael Barry and Justin Milberg as managing
      Bloomberg  -  316 words
  • Page 12 Advertisements
    • 738 12 The Business Times EXECUTIVES PROFESSIONALS TECHNICAL SOLUTIONS MANAGER Excellent Opportunity Asia Pacific An excellent regional opportunity exists within a leading global IT services and solutions company for a Technical Solutions Manager, Infrastructure. The role encompasses the architecture and delivery of large scale, leading-edge infrastructure solutions from concept to post-implementation to
      738 words

  • Page 13 Advertisements
    • 1026 13 The Business Times EXECUTIVES PROFESSIONALS Leading FMCG Company Strategic Innovation-focused Role Opportunity To Influence the Business 1 I Our client is a blue-chip FMCG leader and many of its brands have international appeal while others are leaders in local markets. It is the company's keen 2 understanding of local cultures
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  • GREATER CHINA/INDIA
    • 267 14 This won't lead to job losses, says finance minister Bloomberg [NEW DELHI] Indian Finance Minister P Chidambaram said the nation's state-owned lenders need to merge so they become bigger, stronger and more competitive, assuring bank employees their jobs aren't at risk. "Consolidation, convergence
      Bloomberg  -  267 words
    • 563 14  -  'Tremendous impact' on prices as China becomes net importer By ANTHONY ROWLEY in Okinawa COMPETITION for energy and raw materials is set to intensify globally as China and India join established industrial powers, and the world could soon find itself in a "difficult situation
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    • 73 14 [NEWDELHI] World Health Organisation (WHO) director-general Lee Jong-Wook (right) and Indian Minister for Health and Family Welfare Anbumani Ramadoss displaying copies of the annual WHO World Health Report2oos unveiled on World Health Day in New Delhi, on Thursday. In its annual report, the WHO condemned the
      AFP  -  73 words
    • 158 14 AFP [BEIJING] China is unlikely to undertake broad-ranging reforms of its foreign exchange regime in the near future, Long Yongtu, the country's former chief trade negotiator, said yesterday. Beijing will only change its foreign exchange regime once its banking system, secondary financial
      AFP  -  158 words
  • Page 14 Advertisements
    • 1552 14 I Notices Excelpoint™ EXCELPOINT TECHNOLOGY LTD (Incorporated in the Republic of Singapore) (CO. REG NO. *****3280 C) Notice of Fourth Annual General Meeting NOTICE IS HEREBY GIVEN tha the Fourth Annual General Meeting of Excel point Technology Ltd will behdda Paramount Hota, 25 Marine Parade Road, Paawawe, Level 4, Sngapore
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    • 1015 14 Notices WSm FUTURISTIC IMAGE BUILDER LTD (Company Registration No. *****3164K) BB BHBB (Incorporated in Singapore with limited liability) FUTURISTIC NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Futuristic Image Builder Ltd (the "Company") will be held at 34 Woodlands Industrial Park El, Singapore
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  • MALAYSIA/INDONESIA
    • 4 15
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    • 704 15 Partners bid to develop theme park with a casino on resort island Bloomberg [KUALA LUMPUR] Genting Bhd, Asia's biggest publicly traded casino operator, has confirmed that it and the theme park unit of Universal Studios are seeking to run a resort that may include
      Bloomberg  -  704 words
    • NOTE BOOK
      • 87 15 Bloomberg (NEW DELHI] Bharat Sanchar Nigam Ltd, India's biggest phone company, will invest 800 billion rupees (5529.9 billion) in three years to expand, chairman and managing director A K Sinha said yesterday. The company expects to have 125 million subscribers by the end of 2007.
        Bloomberg  -  87 words
      • 56 15 Reuters [KUALA LUMPUR] Jimah Energy has picked a group of Japanese firms led by Sumitomo Corp to build a coal-fired power plant for RMS billion (552.2 billion). The group, which includes Ishikawajima-Harima Heavy Industries Co Ltd and Toshiba Corp, has started preliminary works
        Reuters  -  56 words
      • 77 15 Bloomberg [HONGKONG] Sinolink Worldwide Holdings will sell its 58.5 per cent stake in Panva Gas Holdings Ltd. a Hong Kong-listed gas distributor partly owned by billionaire Li Ka-shing, to Fnerchina Holdings for HK$l.75 billion (***** million) in a corporate reorganisation. Enerchina will pay for
        Bloomberg  -  77 words
      • 103 15 AP [BANGALORE] Communication equipment maker Motorola Inc has opened a research centre here, and announced an annual investment of US$l7 million in two existing software development centres in the country. "We look at this country as a strategic hub for developing our technology products
        AP  -  103 words
      • 90 15 Bloomberg [HONG KONG] Hong Kong billionaire Li Ka-shing's Hutchison Whampoa Ltd has secured European Union antitrust approval to buy Marionnaud Parfumeries SA for 346 million euros (***** million), gaining access to markets in France, Spain and Italy. A S Watson Co Ltd, Hutchison's retail
        Bloomberg  -  90 words
      • 73 15 AFP [NEW DELHI] The Indian government has given the green light to Reliance Industries the country's biggest petrochemical producer the green light to develop a US$2.5 billion natural gas field. Reliance director Vinod Sibal told the Press Trust of India that the approval would
        AFP  -  73 words
    • 178 15 Bloomberg [JAKARTA] Indonesia's Sampoerna family, which last month sold control of its cigarette business to Philip Morris International Inc, plans to build sugar factories in Indonesia, said an aide to Vice President Jusuf Kalla. The Sampoerna family met Mr Kalla on Thursday
      Bloomberg  -  178 words
  • Page 15 Advertisements
    • 1150 15 SPEEDY-TECH ELECTRONICS LTD (Co. Reg. No.: *****2018H) (Incorporated in Singapore with limited liability) Notice of Annual General Meeting NOTICE 15 HEREBY GIVEN that the Annual General Meeting of Speedy-Tech Electronics Ltd ("the Company") will be held at 20 Kian Teck Lane, Speedy-Tech Industrial Building, Singapore *****4 on Tuesday, 26 April
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    • 1054 15 Call toll-free 1800 289 8822 ACE ACHIEVE INFOCOM LIMITED Company Registration No.: ***** NOTICE Of ANNUAL GENERAL MEETING NOTICE IS HEREBY OVEN that the First Annual General Meeting of ACE Achieve Infocom Limited ("the Company") will be held at Furama Riverfront Hotel (formerly known as Novotel Apollo), Venus Ballroom 111,
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  • WORLD
    • 171 16 Bloomberg Reuters (NEW YORK] Marshall Carter, former chief executive officer of State Street Corp, will succeed John Reed as chairman of the New York Stock Fxchange (NYSE). 18 months after the world's biggest stock market ousted Richard Grasso. Mr Carter, 64, takes over as the
      Bloomberg; Reuters  -  171 words
    • 452 16 Fresh ruling by WTO appeals panel comes in a dispute involving Antigua NYT (NEW YORK] An appeals panel of the World Trade Organisation (WTO) ruled on Thursday that the United States can maintain many of its restrictions on Internet gambling,
      NYT  -  452 words
    • 6 16 Transaction date: Apr 8
      6 words
    • 73 16 AP [HOLLYWOOD] This promotional photo provided by Showtime shows actress Kirstie Alley (centre), in a scene from the Showtime series 'Fat Actress'. The vision of unique programming created for a generation that demands the interactivity of video games and more control than traditional TV is very much
      AP  -  73 words
    • 197 16 Reuters [LOS ANGELESI Men spend more money on video games than they do on all forms of music, research group Nielsen Entertainment said on Thursday, lending credence to a growing belief that video games are displacing other forms of media for the
      Reuters  -  197 words
    • 638 17 PC maker to sell products other than PCs to meet 3-4 year target Cox News Service [AUSTIN] Dell Inc dropped the "computer" from its name in 2003. Today, the change makes more sense than ever. While Dell will keep getting most of its sales from computer
      Cox News Service; FILE PHOTO  -  638 words
    • 1303 17 Transaction Date: Apr 8 MOST ACTIVE STOCKS VOLUME VALUE Sarin 93.071.000 D8SGrp 56.450.747 UTAC US15c 27.997.000 UOB 49.892.100 Labrov M 5c 25.668.000 Sarin 36,168.060 UniFiber 10c 23.714.000 SingTel 15c 31.091.300 L&M 1c 18.645.000 Noble GrpHK25c 27.567.750 Noble Grp HK25c 17.620.000 CapitaLand 22.194,215 Accord Customer 2.5c 16.926.000 ST Enqg 10c
      1,303 words
    • 826 18  -  LIGHT REED In their obsession with the Stars and Stripes, many Americans forget what that national symbol truly stands for CHRISTOPHER REED AS someone who describes himself as anti-anti-Ameri-can, French writer Bernard-Henri Levy recently toured the US in the footsteps of legendary 19th century chronicler
      826 words
    • 200 18 AFP Reuters [WASHINGTON] The International Monetary Fund (IMF) says that rising living standards in China and the rest of the developing world will keep oil prices sky-high for decades to come, with even US$lOO a barrel not ruled out. In its twice-yearly World
      AFP; Reuters  -  200 words
    • 475 18 Emotional Vatican funeral is watched by millions globally Reuters [VATICAN CITY] The poor and powerful joined in a final farewell to Pope John Paul yesterday at a momentous Vatican funeral watched by tens of millions of people across the world. "We can be sure
      Reuters; AFP  -  475 words
    • 398 18  -  By NEIL BEHRMANN in London SHANGHAI Automotive Industry Corporation (SAIC) could produce some Roverbranded cars in its own plants after the collapse of MG Rover. The stricken UK company is on the brink of liquidation after talks to forge a joint-venture deal
      398 words


  • Page 18 Advertisements
    • 1119 18 J^J^^^^^^^JJ|^^^dvertis^ainol^fr«^B9^B^BB2^^niail^oticwoBphxoD^g ASIATRAVEL.COM HOLDINGS LTD (Registration Number: *****7534E) (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the Company will be held at 1 Kim Seng Promenade #13-07 Great World City West Tower Singapore *****4 on 26 April 2005
      1,119 words

  • MOTORING
    • 1149 19  -  Why drive an ordinary sedan when you can buy an extraordinary one? SAMUEL EE has a steroid-enhanced weekend with four super-fast yet super-practical models SAMUEL EE THINK high-performance car and more often than not, one pictures a small, fast, usually uncompromising package. With the exception of one or
      1,149 words
    • Article, Illustration
      450 19  -  By SAMUEL EE AS if the original car isn't wild enough, Porsche is offering a performance kit for the Cayenne Turbo. The kit, which has been approved by the Land Transport Authority, boosts power by more than 10 per cent from the standard car's 450-500 horsepower. This maximum
      450 words
    • 365 19  -  By SAMUEL EE IT WAS Friday night on Alexandra Road. And there seemed to be more gate-crashers at the Volkswagen showroom than at Zouk. But then, the arrival of a new Golf GTI would certainly be special enough for its many fans to turn
      ARTHUR LEE  -  365 words

  • GOLF
    • Article, Illustration
      983 20  -  As golf gains favour as the sport of choice among teenagers, LIZA LIN and PEPPER LEE meet three who are already competing regularly LIZA LIN, PEPPER LEE WHILE other children his age were devouring the latest video games, 10-year-old Shearn Chua was preoccupied with something else golf.
      PHOTOS BY CHRIS LOH  -  983 words
  • Page 20 Advertisements
    • 281 20 (J® Uil II li yfTjl "surroundin earners in your properties, through the Classified section of Bp .W 5 The Business Times- sip Hm JS' 3 ?j nu, l@r K :Hhls:PSPsM* <Am-171 KJSaf LANDED properties As an individual homeowner you can offer your landed property j mmm+ LU sh with one
      281 words

  • WELLNESS
    • Article, Illustration
      717 21  -  Yoga for babies isn't just about exercise; it's perfect for parent-child bonding, writes CHEAH UI-HOON CHEAH UI-HOON THE latest trend to yabber about, for today's yoga-buf-fed mothers, is to demonstrate how they'd be balancing babies on their thighs at the junior equivalent: the yoga for babies class. But
      717 words
    • 451 21  -  By CHEAH UI-HOON WHEN it comes to products to use on babies, the simpler the better. You might be tempted to slather your baby with some peachysmelling lotion so they smell like little Momotaros (remember the Japanese story about a boy who jumped out
      451 words
  • Page 21 Advertisements
    • 1422 21 Notices TT JJZJ2 XT JUKEN TECHNOLOGY LIMITED I P < I (Company Registration No. *****0539Z) W (Incorporated in the Republic of Singapore) NOTICE IS HEREBY GIVEN that the Annual General Meeting of JUKEN TECHNOLOGY LIMITED ("the Company") will be held at Century Roxy Park Hotel. 50 East Coast Road, Roxy
      1,422 words
    • 954 21 Matex International Limited y (Incorporated in the Republic of Singapore on 30 September 1989) Company Registration No. *****4222 M NOTICE IS HEREBY GIVEN that the Fifteenth Annual General Meeting of the Company will be held at 15 Tuas View Square, Singapore *****6 on Tuesday, 26 April 2005 at 3.00 p.m.
      954 words

  • SHOPPING
    • Article, Illustration
      506 22  -  John Erdos Gallery launches a new collection inspired by Miami in its Deco period. CORINNE KERK reports CORINNE KERK AFTER 13 years of business, The John Erdos Gallery known for its teak wood furniture is holding its "biggest product launch ever" this weekend. The new line, called Empire,
      506 words
    • IN STORE at the malls
      • 81 22 Louis Vuitton has redefined the square shape with its new range of timepieces. Called Speedy, it is daring and innovative while still retaining its delicate proportions. This Lady Quartz comes with a steel case and sapphire glass over an ice blue dial. Available in orange or
        81 words
      • 80 22 Is the clutter in your room becoming a sore sight? These antiquated chests are a quick and trendy solution. Made of leather and wood, they can be filled with old books or other jumbled keepsakes without looking out of place. Imported from the Philippines, a set of
        80 words
      • 118 22  -  Compiled by MIKE CHUA Home-made smoothies anyone? That's the sales pitch of the Philips Blender HR2094, fashionably tooled in eye-catching aluminium finish and features a convenient dial for variable speed control. Driven by a powerful 750W engine, it can handle just about anything from fruit and vegetables to
        118 words
    • 581 22  -  JAIME EE checks out Nokia's latest premium phone JAIME EE IF your idea of a cool ring tone is the continuous refrain of "pick up the phone" delivered in staccato Hokkien, the Nokia 8800 is probably not for you. In fact, it's possible that the Swedish
      581 words
  • Page 22 Miscellaneous
    • 230 22 CRYPTIC CROSSWORD Fellow rover 8 When something rare is seen 1 I I 1 1 I 1 hearing where one should put —""JHBHK |T^ 9 Opening recapture rearranged lence in front of little Roderick 21 Pauline writing (7) 24 But not where banker 25 Gum Irene smeared over cake partners
      230 words

  • TRAVEL
    • 1022 23  -  TEH HOOILING finds much warmth, hospitality and spirituality in Yangon TEH HOOILING ff m FY Dad! I just I came back from Yangon," ■mhJ I told my father "S in Penang as H we were chat|l ting on the B I phone. "Oh, your great-grandfather used to
      REUTERS, SEDONA HOTELS INTERNATIONAL  -  1,022 words
    • 490 23  -  By CORINNE KERK IT'S been a long time coming. After 17 years without major changes an eternity really, in fashion terms the unflattering and some would say, downright dowdy uniforms worn by Air France staff have finally been tossed out the window in favour of
      PHOTO AT LAUNCH BY CORINNE KERK  -  490 words
  • Page 23 Advertisements
    • 217 23 wine&dine withweekendßT Ah Hoi's Kitchen Traders Hotel Poolside, (above Tanglin Mall), Level 4, Traders Hotel. Tel: *****373 Ah Hoi's Kitchen features a new pictorial a la carte menu of mouth-watering dishes and a unique poolside dining experience. Signature (fishes include chilli crabs/champagne pork ribs and king prawns. New: Monk Jumps
      217 words
    • 236 23 Coleman's Cafe Peninsula Excelsior Hotel, Level 5. TeL *****132 Buffet lunch available on weekends and public holidays. For birthdays, registration of marriages or baby's full-month celebrations, you get alO per cent discount. Price: $16.80+++ (adult), $11.80+++ (child). Fook Yuen Seafood Restaurant #02-19 Raffles City Shopping Centre. TeL 6333-1661. For the
      236 words
    • 390 23 Raffles Marina 10 Tuas West Drive. Tel: *****288 Special double-boiled soups and six other dishes from the weekday set lunch menu at only $22.80. Plaza Market Cafe Levd2, Rqffles The Plaza. Tel: *****156 Relive the Peranakan culture and savour the popular cultural mix of the Peranakan cuisine: special homemade spices
      390 words

  • THE BUSINESS TIMES weekend
    • Article, Illustration
      1958 24  -  They come to your house, take over your kitchen and leave you basking in the glow of the perfect host. GEOFFREY EU meets three freelance chefs GEOFFREY EU Entertaining at home can be a high-stress situation for those among us who are perpetual chefs-in-training or similarly lacking
      PHOTOS BY CHRIS LOH AND ARTHUR LEE  -  1,958 words
  • Page 24 Advertisements