The Business Times, 14 April 2005

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Total Pages: 32
1 32 The Business Times
  • 17 1 THE BUSINESS TIMES MICA (P) 089/03/2005 Thursday, April 14,2005 SINGAPORE 85 cents online at http://business-times.asia 1 .com.sg
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  • 803 1  -  EDB, A*Star, NUS to bring yields to market By NANDE KHIN [SINGAPORE] Three Singapore bodies have joined forces to help develop a new, revolutionary painkiller from the venom of the King Cobra. The Economic Development Board (EDB), Agency for Science, Technology and Research
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  • 140 1 sn 2,174.09 (+0.53) ST INDEX FUTURES 2,177.00 (unch) SIMSCI 256.93 (-0.52) SIMSCI FUTURES 255.90 (-0.30) MARKETS Wednesday Change KLSE COMP 874.23 +7.99 NIKKEI 225 11.637.52 32.78 HANG SENG 13,799.62 +141.57 SET INDEX closed JAKARTA COMP 1.116.670 +5.786 MANILA COMP 1.916.58 -11.24 SEOUL COMP 981.31 -0.48 SHENZHEN B 270.87
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  • 763 1  -  Male Chinese, aged 30-49, most susceptible to addiction By ALEXANDRA HO [SINGAPORE] Fifty-eight per cent of Singaporeans gamble, but only a small percentage of people here show signs of addictive gambling, a survey by Ministry of Community, Youth and Sports (MCYS)
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  • Page 1 Advertisements

  • TOP STORIES
    • 409 2  -  Surprise departure marks third high-level change at low-cost airlines By GEORGE JOSEPH [SINGAPORE] Adding turbulence to the local lowcost carrier scene, Valuair chief executive Sim Kay Wee has quit after just seven months in the job. Singapore-based Valuair said yesterday that
      FILE PHOTO  -  409 words
    • 519 2 Hyflux sells 50% of Tuas plant to Temasek for $30m AFTER one to two months of negotiations, Hyflux yesterday said that it would sell 50 per cent of its Sing Spring desalination plant to Temasek Holdings for $30 million in cash. Hyflux chief executive Olivia Lum said that
      519 words
    • 719 4  -  CEO says more asset divestments in the pipeline By ANGELA TAN [SINGAPORE] After one to two months of negotiations, Hyflux yesterday said it would sell 50 per cent of its Sing Spring desalination plant to Temasek Holdings for $30 million
      Source: Bloomberg  -  719 words
    • 833 4  -  Govt also keen to promote S'pore as healthcare hub By DANIEL BUENAS in Kuwait THE Middle East offers many golden opportunities for Singapore in construction and real estate development, and the government is also keen to promote Singapore as a healthcare hub
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  • Page 2 Advertisements
    • 990 2 SHOlilv' SHOWY INTERNATIONAL LIMITED Company Registration No. *****6356W NOTICE OF ANNUAL GENERAL MEETINC? NOTICE IS HEREBY GIVEN that the 2005 Annual General Meeting of the shareholders of the Company will be held at 18 Cross Street Bth Floor Marsh McLennan Centre Singapore *****3 on Saturday, 30 April 2005 at 10.00
      990 words
    • 167 2 H«w*a H I l|. fa* j^^K Cretar eS^ 'Week Specricil I for a I I H Available for Buffet Lunch from I I 12pm -2.30pm $29.80+++ (A), I I HP $16.80+++ (C) and $32.80+++ (A), I I $17.80+++ (C) for Buffet Dinner from I B J 6.30pm 10pm. H \%<&
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  • Page 3 Advertisements
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  • Page 4 Advertisements
    • 3566 4 iff a is a 8 r a Superior Multi-Packaging Limited (Incorporated in the Republic of Singapore) (Registration No *****2249R) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Twenty-Sixth Annual General Meeting of Superior Multi-Packaging Limited will be held at No 7 Benot Sector Singapore *****2 on 29
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  • COMPANY NEWS
    • 617 5  -  HOCK LOCK SIEW By SIOW LI SEN HONG Leong Finance has had a pretty good run the past four months. At $3.50 a share, it is now trading near its 52-week high of $3.52, up almost 30 per cent from last
      617 words
    • 428 5  -  RESPONSIVE BANKERS 'Flex plan' allows employees to select benefits relevant to them By SIOW LI SEN OCBC Bank is spending a bit more on staff benefits now than it used to. But its new flex-dollar benefits scheme is proving to be a winner. "1
      FILE PHOTO  -  428 words
    • 355 5  -  By LIZA LIN BUDDING entrepreneurs should consider work stints not just with multinational corporations but also with small and medium enterprises, according to Education Minister Tharman Shanmugaratnam. The minister, speaking at the launch of the United Overseas Bank-Singapore Management University entrepreneurship
      355 words
    • 401 6  -  CAPITALAND PROJECTS The $214 m Ningbo parcel will serve wealthy port city's residential needs Reports by ARTHUR SIM CAPITALAND has bought a parcel of land in Ningbo, China, for $214 million, mainly for residential development. The 98,413 square metre site will consist of at
      401 words
    • 247 6 THE Ascott Group has signed a deal to manage its third serviced residence The Greens in Dubai, making it the largest "international branded operator" in the Gulf region. Group managing director and chief executive officer Cameron Ong says there are about three million
      247 words
    • 279 6  -  By LIZA LIN AS part of Clarke Quay's $80 million facelift, a Capita Land unit has signed a landmark deal with Singaporean brand development and management group Lifeßrandz Ltd to transform the riverside district into an iconic lifestyle and entertainment venue. In a
      FILE PHOTO  -  279 words
    • 42 6 UNIT TRUSTS FUNDS LEGEND: All prices are indicative; Broadly Diversified; Narowly Focused; S Lower Risk Low to Medium Risk: Medium to High Risk;** Higher Risk; open-ended; Before subdivision of units; After subdivision of units; SP after stock split; N.A. Non Dealing Day
      42 words
    • COMPANY BRIEFS
      • 96 7 SEMBCORP Logistics (SembLog) has received High Court approval for its plan to cancel up to 139.7 million shares and return $250 million to shareholders. The capital reduction, announced on March 7, is part of the $1 billion special distribution SembLog had announced earlier following the
        96 words
      • 90 7 MAINBOARD-LISTED forestry, pulp production and construction company United Fiber System (UniFiber) said yesterday it had issued an advance notice for $1.2 million to Cornell Capital Partners as partial repayment of its $7.5 million loan note. UniFiber, in December last year, secured a $40 million
        90 words
      • 60 7 TIONG Woon Corp's joint-venture subsidiary Tiong Woon China Consortium has incorporated a new wholly-owned unit Tiong Woon (Huizhou) Industrial Services, in the Guangdong province of China. The Huizhou unit has a paid-up capital of US$6 million and will be in the business of heavy
        60 words
      • 92 7 TREK 2000 International has been granted a patent in the US for a "portable data storage device having a secure mode of operation" relating to the use of a portable USB mass storage device with a secure operation mode to implement access restriction. Trek said
        92 words
    • 266 7  -  By MICHELLE QUAH RESPONDING to Singapore Exchange queries over Sun Business Network's sale of a controlling stake, education services provider Auston International yesterday shed some light on the "two strategic investors" which the parent and it did not reveal on Tuesday in their deal
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    • 332 7  -  By MICHELLE QUAH SINGTEL president and chief executive Lee Hsien Yang has increased his deemed stake in the telco by 1.533 million shares, after open-market purchases by Dexia Trust Services Singapore. Dexia bought 300,000 shares on Monday at $2.67 a share, and another
      332 words
  • Page 5 Advertisements
    • 1259 5 NTI INTERNATIONAL LIMITED (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the Annual General Meeting of NTI International Limited will be held at 50 Raffles Place, #29-00, Singapore Land Tower, Singapore *****3 on Saturday, 30 April 2005 at 12.00 noon for the
      1,259 words

  • Page 6 Advertisements
    • 28 6 DIT Europazins Best Bond Europe Fund over 1yr, 3yrs and 5yrs category* rated AA by Standard Poor's. AlliatlZ Global Investors Source: The Edge-Lipper Singapore Funds Awards 2004 no
      28 words

  • Page 7 Advertisements
    • 271 7 /save tax/ Our qualified professionals J can assist you with offshora structures, shelf companies and incorporations in ALL British Virgin Islands Cayman Islands Bahamas Mauritius H Hongkong Samoa Full nominee, management, secretarial, banking and corporate administration services are available. We also specialize in offshore trusts for assets protection estate planning.
      271 words
    • 151 7 fvl HBK~? jpvt*-"V V- i. fc.' H f|K iHfIHiK i ;V 'I'tflH f i Trr MB »V l--»» ftfw m f ''^WBmmms&^ HI I'- t ,y ■jp ItalKMlH K. I I A global financial firm that works with you like a two-person organisation? At ÜBS, this is what our business
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  • SINGAPORE MARKETS
    • 531 8  -  STOCKS 'Casino plays' CapitaLand and KepLand drop in high volume; Ezra up 12 cents to $1.31 on Nomura's 'strong buy' R SIVANITHY Senior Correspondent IF there's one feature of trading in the local market over the past few weeks that stands out from the rest, it's
      Source: Bloomberg  -  531 words
    • 737 8 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS (Disclosures made on Apr 13 and earlier) Subsantial No of PHcc SHAREHOLDING Shareholder Buy I Shares Per Before After Stock Trans Pate Director Sell '000 Shr S ('000) 000 > United Engg 13-Apr-05 Huen Yin Mun OE 51 1.14 0 0.00 51 0.02 Armstrong
      737 words
    • 103 8 OSIM International's stake in takeover target Global Active continues to rise, as it receives more acceptances of its mandatory cash offer. Osim said it received acceptances on Monday and Tuesday amounting to 13.7 million Global Active shares, representing a stake of 5.71 per
      103 words
    • 85 8  -  Compiled by MICHELLE QUAH KOH Wee Meng, Fragrance Group's executive chairman and chief executive officer, has increased his stake in the company. He bought 112,000 shares at an average price of 31.6 cents each —on the open market yesterday, raising his stake to 66.6
      85 words
    • Article, Illustration
      955 8  -  Compiled by R SIVANITHY Armarda Group April 13 dose: 7 J cents UOB-KAY HIAN, April 13 ARMARDA is an IT services company servicing the banking and financial institutions in China. While attempting to capitalise on the demand for IT services due to China's accession to the WTO, the
      Source: Bloomberg  -  955 words
    • 529 8  -  CURRENCIES LARRY WEE Senior Correspondent THERE was a mixed response yesterday to overnight news of a record US February trade deficit of U5561.04 billion, with currencies in this region outperforming European favourites such as the euro and Swiss franc. The latter two ended
      Source: Reuters  -  529 words

  • COMPANIES
    • 301 9  -  Operating units expecting better performance, prospects in 2005 By WONG WEI KONG MAINBOARD-listed SNP Corp has narrowed its losses in the first quarter of this year, owing to the better performance of its printing and publishing operations. The publishing group
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    • 323 9  -  IPO WATCH By DALENA LEE WHAT has fishball noodles, nasi lemak and popiah to do with electronics? Plenty, if you are Vincent Tan of Advanced Integrated Manufacturing Corporation (AIM), a Singapore electronics manufacturing services (EMS) provider that is eyeing a mainboard listing. The hawker assistant son
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    • 129 9 Reuters THE Singapore Housing and Development Board (HDB) launched a $500 million 10-year fixed-rate note issue yesterday under its $7 billion medium-term note programme. The public housing board said in a statement on its website that the note will have a coupon of 3.375 per
      Reuters  -  129 words
    • 239 9 Bernama [SINGAPORE] The Malaysian Islamic Chamber of Commerce, on a day's business mission to Singapore yesterday, is seeking companies to invest in Malaysia's growing halal food market. Malaysia's "image as a progressive, moderate and dynamic Islamic nation is an added non-fiscal incentive that foreign investors
      Bernama; FILE PHOTO  -  239 words
  • Page 9 Advertisements
    • 403 9 vii^^illlliHHllißllHlllHillHHHHHHHNlHll^^^l sS f ii^^MriSßfillilMßJl||filJ||jiyifiiWMlHlißll[)yilU||f^^^^^WH^ v^9H 7 r B l :^B 1 vJ B» .I, >* J 1 5 J By: *y: *y s j jm! j?H H'-'M >^^wP^Kf-'S<F*il JCTfe' «K gW l^Kr^m^>mßr > 3BL^'''^s^ww^^mr f*. i^.^v fli EEL ifl ?t ES J Tan and Tan Developments, the leading property developer
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  • MID CAPS
    • 814 10  -  The real estate company is a second-tier play with strong fundamentals and exciting prospects, reports WONG WEI KONG WONG WEI KONG IT may not be in the league of big developers like CapitaLand or Keppel Land, but Wheelock Properties is seen by some as an attractive sec-ond-tier
      FILE PHOTO; Source: Bloomberg  -  814 words
  • Page 10 Advertisements
    • 2545 10 Notices (strerfsch) stratech systems limited (Company Registration Number: *****8251Z) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Stratech Systems Limited ("the Company") will be held at Meeting Room 1,6 International Business Park, #02-01, The Atrium, Singapore *****8 on Friday, 29 April 2005 at
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  • SINGAPORE NEWS
    • 464 11  -  New attractions will draw high-net-worth visitors: consultant By ALEXANDRA HO THE economic benefits could far outweigh the costs if the government gives the casino the green light next week, says a consultant with more than 30 years in the hospitality and gaming
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    • 451 11  -  Reports by NANDE KHIN SINGAPORE'S small and medium enterprises (SMEs) still stand a good chance of succeeding in Vietnam, even though the emerging economy has been drawing foreign businesses for about a decade now. Ong Yew Kheng, manager of IE Singapore's international
      ZAOBAO  -  451 words
    • 422 11 SINGAPORE companies are the third most important group of customers for HSBC Vietnam's Commercial Banking division, after Taiwanese and Hong Kong companies, and the bank is trying to get more companies here to make it their bank of choice when they
      422 words
    • 308 11  -  By JOSEPHINE TAY DEMOCRACY, according to Kishore Mahbubani, Singapore's top former diplomat and current dean of the Lee Kuan Yew School of Public Policy, "is not the key variable which determines whether a country has good governance or not. The key variable which determines
      308 words
    • 346 11  -  By RAJU CHELLAM THE National Geographic Society has linked up with IBM in a global research initiative to trace the migratory history of the human species. The project invites the public including Singaporeans to pay for their DNA to be tested, and in return
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    • 405 11  -  By CAROLYN QUEK THE government announced yesterday that all adult Singaporeans will receive CPF top-ups ranging from $50 to $450 on July 1, in a move heralded two months ago in this year's Budget. The top-ups are to be
      405 words
    • 164 11 THE Singapore Promising Brand Award 2005 (SPBA), seen as a supporting agency here for small and medium enterprises in its branding, is now open for nominations and submissions. Into its fourth year, the award is organised by the Association of Small and Medium Enterprises (Asme) and
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  • Page 11 Advertisements
    • 954 11 RLj2^2^^^^j^^^^oj»dvrrtis^^lUol^ree^lB©O^B^B2^JEmailMioticesosphxonrs£ GREATRONIC LIMITED Registration No. *****0621N (Incorporated in Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the shareholders of the Company will be held at 18 Cross Street Bth Floor Marsh McLennan Centre Singapore *****3 on Saturday, 30 April 2005 at 1.00
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  • FOCUS: SERVICES
    • 1000 12  -  MEDICAL TECHNOLOGY Medical technology shows why S'pore biomed jobs aren't out of reach, CHEN HUIFEN reports CHEN HUIFEN ALL the buzz about Singapore's biomedical sciences (BMS) industry seems to be centred on pharmaceuticals manufacturing. That's not surprising with pharmaceuticals typically contributing more than three-quarters of the
      FILE PHOTO  -  1,000 words
  • Page 12 Advertisements
    • 1083 12 "Notices AS\Apharm ASIAPHARM GROUP LTD (Incorporated in Bermuda) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of AsiaPharm Group Ltd ("the Company") will be held at Connection 3 4, Level 3, Amara Singapore, 165 Tanjong Pagar Road, Singapore *****9, on Friday, 29 April 2005
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  • ECONOMY WATCH
    • 598 13 Interest rates, corporate profits, employment, China cited as positives Bloomberg [WASHINGTON] The slowdown in global economic growth has "begun to bottom out" and the world economy appears set for solid expansion in 2005 as the effect of high oil prices wanes in the
      Bloomberg  -  598 words
    • 373 13 Reuters [HONG KONG] Asian dollar bonds have started to flow again after last month's emerging debt market sell-off forced four issuers to delay new offerings. But analysts said too many deals coming to the market at the same time with borrowers
      Reuters  -  373 words
    • 412 13 But it sees positive sign in growing personal spending AFP [TOKYO] Japan said yesterday that the economy was recovering moderately, keeping its assessment unchanged for a fourth consecutive month, although it saw a positive sign in growing personal spending the biggest chunk of
      AFP; REUTERS  -  412 words
    • 325 13 AP [LUXEMBOURG] With one eye on the region's sclerotic economic growth, the European Union (EU) said on Tuesday it will convey its concern about high oil prices to producer nations at the International Monetary Fund (IMF) meeting in Washington this weekend. At that
      AP  -  325 words
  • Page 13 Advertisements
    • 1882 13 <IB> INNO-PACIFIC HOLDINGS LTD (Company Registration No. *****1788K) (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 on 29 April 2005 at 10.30 a.m. or immediately after the conclusion of the Annual General
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    • 179 13 APOLLO ENTERPRISES LTD Company Registration No. *****0502G (Incorporated in the Republic of Singapore) NOTICE OF BOOKS CLOSURE NOTICE IS HEREBY GIVEN that the Share Transfer Books and Register of Members of the Company will be closed on 12 May 2005 for the purpose of determining Members' entitlements to the dividends
      179 words

  • MALAYSIA/INDONESIA
    • 379 14 Investments may be handed to another ministry during new 2-year timeframe AFP Bloomberg Reuters INDONESIA'S armed forces will withdraw from business activities in two years sooner than planned in a bid to improve their image, the military said. General Endriartono Sutarto made the
      AFP; Bloomberg; Reuters  -  379 words
    • 353 14 Reuters [JAKARTA] A regional government of Indonesia has stopped PetroChina from new development drilling in an Hast Java oilfield because it wants a share of the business, raising a protest from the national regulator. A representative of the Chinese oil firm said that development
      Reuters  -  353 words
    • 213 14 AFP [PUTRAJAYA] Prime Minister Abdullah Ahmad Badawi said yesterday Malaysia has a "strong case" for sovereignty over an oil-rich maritime area also claimed by neighbouring Indonesia. Malaysian warships, which have recently come into close contact with Indonesian navy vessels, would remain
      AFP  -  213 words
    • NOTE BOOK
      • 103 14 Bloomberg [BEIJING] ÜBS AG, Europe's largest bank, has won regulatory approval to buy 49 per cent of a fund manager in China. The China Securities Regulatory Commission approved the sale of the stake in Shenzhen-based China Dragon Fund Management Co, ÜBS said in a
        Bloomberg  -  103 words
      • 79 14 Bloomberg [BEIJING] China's foreign exchange regulator said 17 people have been arrested in Shanghai in a crackdown on money laundering. Police confiscated more than RMBIO million yuan ($1.9 million) and froze more than 70 bank accounts in January, the State Administration of Foreign Exchange said in
        Bloomberg  -  79 words
      • 59 14 [HYDERABAD] An Indian School of Business (ISB) student has been offered US$lBl,OOO per annum starting salary by a leading multinational company, as against the highest offer of US$l5l,OOO per annum made last year, the Indian Express newspaper reported. At least eight ISB students were offered
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      • 75 14 Reuters [SHANGHAI] China will limit foreign media players such as Viacom Inc and Sony Corp to one programme-producing venture each, dousing hopes of quick and easy access to the country's US$25 billion advertising market, industry sources said. A flurry of activity including talks of Viacom chief
        Reuters  -  75 words
  • Page 14 Advertisements
    • 2453 14 I Notices ORCHARD PARADE HOLDINGS LIMITED NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Thirty-Seventh Annual General Meeting of Orchard Parade Holdings Limited will be held at Meeting Room, Level 2, Albert Court Hotel, 180 Albert Street, Singapore *****1 on Friday, the 29th of April 2005 at
      2,453 words
    • 1121 14 ACE DYNAMICS LIMITED Company Registration No.: *****0172G NOTICE IS HEREBY GIVEN that the 4 V Annual General Meeting of ACE DYNAMICS LIMITED will be held at 1 Shipyard Road. Singapore *****8 on Friday, 29 April 2005 at 10.30 a.m. for the following purposes: AS ORDINARY BUSINESS 1. To receive and
      1,121 words

  • GREATER CHINA/INDIA
  • Page 15 Advertisements
    • 1937 15 Immediate opportunity available to develop a commercial and/or residential property of 2.5 million square feet over an area of about 30 acres, valued at over US$5O million, in Hyderabad, India. Hyderabad is one of the most progressive cities in India and a sought after destination for multinationals in IT, software
      1,937 words

  • ASIA-PACIFIC/WORLD
    • 901 16  -  ASIA INSIGHT A different picture emerges if one looks beyond headline GDP figures ANTHONY ROWLEY Tokyo Correspondent THE issue of why Asia has been so much more of an economic "success" story than Latin America was much debated during the kiter-Amer-ican Development
      901 words
    • 594 16 Mittal Steel now largest steel-maker after ISG purchase Reuters [NEW YORK] Crowned the global king of steel and named Britain's richest man, self-made billionaire Lakshmi Mittal achieved those distinctions by spotting opportunities in an industry most had written off. His rags-to-riches tale has
      Reuters; BiOOMBERGHlE PHOTO  -  594 words
    • 233 16 AFP [LONDON] Assailants smashed a celebrated "superwoman" over the head in London after she refused to hand over any of her valuables when they tried to mug her, police said on Tuesday. Nicola Horlick, who became known as superwoman for juggling a high-flying career in
      AFP  -  233 words
  • Page 16 Advertisements
    • 2442 16 |^||^^QQ|^^^|^^r^^vertiseailitol^reMBO^B^M2^Emall^oticesosph^conus^ FizrroruNi< FIRSTLINK INVESTMENTS CORPORATION LIMITED (Incorporated in the Republic of Singapore) Company Reg. No. *****2562E NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Twenty-Sixth Annual General Meeting ot the Company will be held at Mandarin Court D. 4th Floor. Grand Tower. Meritus Mandarin Singapore. 333 Orchard
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  • WORLD
    • 552 17 Insurance chief transferred shares to wife before quitting company INEW YORK] Former American International Group chief executive Maurice "Hank" Greenberg gave his wife more than $2 billion worth of AIG shares three days before he stepped down last month. The transfer of the insurance
      552 words
    • 345 17 Exchange to submit to outside monitoring Bloomberg (NEW YORK] The US government charged 15 New York Stock Exchange specialists with fraud in the biggest crackdown on illegal trading at the Big Board, saying they manipulated orders for four years to pocket US$l9 million
      Bloomberg  -  345 words
    • 292 17 Bloomberg [WASHINGTON] Estee Lauder Cos signed on fashion designer Tom Ford, who revitalised Gucci Group as a global luxury brand, to create beauty products that appeal to younger shoppers. The accord includes a line of "Tom Ford for Estee Lauder" cosmetics and a
      Bloomberg; AFP  -  292 words
    • 226 17 Bloomberg [NEW YORK] Joseph Perella and Terry Meguid, Morgan Stanley's top two investment bankers, plan to resign as the exodus of senior managers from the world's No. 2 securities firm gathers pace, the Wall Street Journal reported. Mr Perella, 63, and Mr Meguid, 49,
      Bloomberg  -  226 words
    • 341 17 LATEST US INDICATORS Reuters IWASHINGTONI Retail sales rose by a modest 0.3 per cent in March, the weakest showing since January, as prospects for stronger sales spurred by an early Faster were trumped by cold weather in much of the United
      Reuters  -  341 words
    • WORLD WATCH
      • 82 17 Bloomberg ITOKYOI Kanebo Ltd, a drug and food company being rescued by Japan's government, inflated earnings by about 210 billion yen (553.2 billion) over five years to March 2004 because former management overstated sales and understated expenses. Kanebo reversed profits to losses for four of the five
        Bloomberg  -  82 words
      • 65 17 Reuters (NEW YORK) Morgan Stanley supplanted Merrill Lynch Co last year as the largest securities firm by total capital, ending Merrill's 17-year reign at the top, according to Institutional Investor. Morgan Stanley ended its 2004 fiscal year with US$llO.B billion in equity capital and long-term debt.
        Reuters  -  65 words
  • Page 17 Advertisements
    • 2070 17 m|^|^^Q2^^|^^^I^dvertis€calUol^e^8»0^8^82^^inan^otice»@8ph^on^^ 6SMART ESMART HOLDINGS LIMITED •Compwtf »*9isMTior No >OQtOJ)93I) (incorpoMiKi sr the RfpwbfK ol S«9apor»| NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at Sapphire 1&2, Orchid Country Club, 1 Orchid Club Road. Singapore *****2 on Friday. 29th day of Apnl 2005 at
      2,070 words

  • AVIATION
    • 432 18 Large number of airlines, combined with low fares and high fuel prices, not sustainable Bloomberg [WASHINGTON] UAL Corp's United Airlines, the world's second-largest carrier, said the US government must change its policies to allow mergers because the industry as currently aligned cannot
      Bloomberg  -  432 words
    • 487 18 Clark says she feared death as plane door fell open in turbulence AP AFP Reuters [WELLINGTON] The fuselage door 'blew open on the small plane carrying Prime Minister Helen Clark during a turbulent flight, she said yesterday. Two police officers grabbed the door and held
      AP; AFP; Reuters  -  487 words
    • 289 18 AFP [BANGALORE] India's newest no-frills airline, Air One, said on Tuesday it will start flying in August using two 50-seater jets leased from Brazilian aircraft-maker Embraer. The initial investment would total 320 million rupees (Ssl2 million) and the jets would link centres not connected
      AFP  -  289 words
    • 397 18 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
    • LOG BOOK
      • 126 18 AP [HONG KONG] Hong Kong and Bahrain have agreed to expand cargo and passenger flights as well as code-share arrangements that allow airlines to sell seats on one another's flights, the government said. The two sides also agreed to expand fifth freedom rights, which
        AP  -  126 words
      • 84 18 Reuters [LONDON] The British and Indian governments reopened bilateral air service talks on Tuesday aimed at increasing the number of flights allowed between the two nations. Airlines are lobbying both governments to ease restrictions on air travel between the two countries, which offer
        Reuters  -  84 words
      • 100 18 AP [HANOI] Vietnam Airlines plans to begin direct flights to Germany this summer as the national carrier expands its roster of long-haul routes, media reported on Monday. The airline expects to add direct flights to Frankfurt by late June or early July, supplementing
        AP  -  100 words
  • Page 18 Advertisements
    • 1041 18 289 M22^teaihaotice««sphxofli£g LINDETEVES-JACOBERG LIMITED (Incorporated in the Republic of Singapore) Company Registration Number: *****0172G WNKK ft MBBV GIVEN dtat die fifty-Seventh Annual General Medina of the Company wl be held at 7 lie ii 11 BodtewardL #11-01 Suntec tower One. *****7 on Frida* 29 April 2005. at 10.30 *jw IP
      1,041 words

  • AVIATION/SHIPPING
    • 277 19  -  By GEORGE JOSEPH (SINGAPORE] US aircraft giant Boeing said yesterday it has picked Singapore to set up its latest training centre for pilots and crew. The state-of-the-art facility at a 2.5-acre site near the Changi International Airport will be operated by Alteon
      FILE PHOTO  -  277 words
    • 452 19 Reuters IMUMBAIJ India's fast-ex-panding aviation sector presents a big opportunity for US plane maker Boeing Co in its fight for a bigger slice of the fuel-efficient, mid-sized airliner market worldwide. As more private carriers enter India's market and regulations ease to allow
      Reuters  -  452 words
    • 385 19 Bloomberg [TOKYO] Japan Airlines Corp, the nation's largest carrier, said one of its copilots breached the carrier's safety regulations by landing and handling the take-off on three domestic flights. The unidentified co-pilot, 10 days short of a six-month qualification period, took off and
      Bloomberg  -  385 words
    • 721 19  -  BT exclusive It overcomes reservations about involvement of non-littoral states By DONALD URQUHART [SINGAPORE] Lack of resources and sovereignty issues are the two biggest hurdles in the fight against piracy in Malacca Strait, but an upcoming, first ever straits users' forum could be
      721 words
    • 339 19 SGX '000 Apr 13 5$ *i- Vot CH Offshore .0.37 unch 355 Chuan Hup 0.73 unch 793 Co«o Corporation 182 0 07 7242 CWT Distribution 0 63 unch 0 £/ra HkJgs 1.31 012 3077 Freight Lmks 0 06 unch 91 Grand Banks Yacht 101 unch 0 Jaya Holdings.
      339 words
    • 207 19 [SINGAPORE] Cargo volumes handled at PSA International's terminals continued to grow on a month-to-month and a year-to-date basis. Latest throughput volumes published in the PSA website show a 11.6 per cent increase in the first quarter to an overall total of 8.48 million
      207 words
    • 241 19 AP Reuters [SINGAPORE] Eight people were killed and six were missing in two separate accidents involving a North Koreanregistered cargo carrier and a Chinese freight ship. Eight sailors and two rescue divers were killed when the North Korean Lujin II broke up and
      AP; Reuters  -  241 words
  • Page 19 Advertisements
    • 75 19 transport insurance plus service Insurance for: Transport and logistics operators Ports and terminals Cargo handling facilities Ship operators Contact TT via broker or at any point in the network Singapore *VR!PP Tel +65 6323 6577 Hong Kong Tel +852 2832 9301 Shanghai H Tel +86 21 6321 7001 Tel +886
      75 words

  • EDITORIAL & OPINION
    • 486 20 EDITORIAL WHEN a big-name foreign broker issues a research report on a listed company, the share price of that company invariably responds, sometimes by large amounts. The same however, does not always occur when local brokers issue their recommendations; these tend to have a much
      486 words
    • 929 20  -  Its metamorphosis reflects the rising importance of oil as a key driver of Malaysia's economy S JAYASANKARAN KL Correspondent T MALAYSIA International Shipping Corporation (MISC) has, very quietly, emerged as one of Malaysia's largest corporations. By the end of trading yesterday, MISC was valued at
      FILE PHOTO; Source: Bloomberg  -  929 words
    • 762 20  -  THE BOTTOM LINE ROBERT SAMUELSON The Washington Post Writers Group THEY'VE gone from heroes to bums. Hardly a day passes when the press or prosecutors don't thrash some CEO for alleged managerial blunders or accounting illegalities. The insurance mogul Maurice Greenberg, lately
      The Washington Post Writers Group  -  762 words
    • 743 21  -  Industry critic Jack Bogle says in the long run, equity mutual funds are commodities differentiated largely by their costs CHET CURRIER ONE of the worst things you can be told in modern economic life is that your job has become "commoditised". All the skill and experience
      FILE PHOTO  -  743 words
    • 907 21  -  LEON HADAR Washington Correspondent Tis said that in World War 11, when the Soviet dictator Stalin was advised that the Pope was against one of his policies, he 1 asked: "How many troops does the Pope have? God is on the
      REUTERS  -  907 words
  • Page 20 Miscellaneous
    • 214 20 CRYPTIC CROSSWORD fering advantage (7) holy mariner girl's name (5) 20 26 Backing America to pay out for I I I I I I I I I I I I 1 delay (7) 27 Make a subject of English na- fjs(ng f|ver (7) YESTERDAY'S SOLUTION Move house? (4 2,9) Across:
      214 words

  • Page 21 Advertisements
    • 375 21 71 a J J Presented m Diners Club Credit Card r« 6416 0980 Where to wine, dine and entertain... &Treats •Seafood by the Sea vVYVn vSB /WN^/W/N/N/NA A/vvaaa/w\A S'INGA 0t 9t a Singa Inn Seafood Restaurant •*.t) |M Sinjupofr *4*r» Tel: 6345 1111 lax 6345 2138 Business Hours 5 00pm
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    • 67 21 i am vP^IBF^ I Watch a bevy of beauties show off the latest in leisure wear at Discovery Pub's Friday Fashion Nite. Show starts at 9pm every Friday. Also catch our happy hour from 3pm to Bpm on weekdays and all day weekends. RAFFLES l MARINA 10 Tuas West Drive
      67 words

  • 2699 22 SGX XTRANET 52-VWk Tel Last Vol Day LwtQuoM GrOtv Otv GrYld Net MCap High low Cod* Company Sale COM) High Low tuyr Salter Cvr PIt Smil 6065 Diamonds..™- US2060cd 2120 6095 IS DJ US Tech US3740 4820 6097 IS MSCI Spore US555 6101 IS S4PS00 US8270 6170 SPDRS
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  • 3589 23 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local curt ha St In USS Vdy Syr dy "fc yr dy %yr 12 index Oxang* Change Change Change Change Change ftfrtlindetPtaww-, 8422 Of OiO OB -09 -08 20 tEAftftctnwwy 7995 OS IS 09 03 -09 0.8 11(64 05 44 OS 1.2
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  • Page 24 Advertisements
    • 6196 24 To advertise call toll-free 1800 289 8822 Email: notices@sph.com.sg OCULUS OCULUS LIMITED (Company Registration No.: *****4025N) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that an Annual General Meeting of the Company will be held at 11 Jalan Mesin. #05-00 Standard Industrial Building.
      6,196 words

  • Page 25 Advertisements
    • 1809 25 I IMPORT 1 NORTH AMERICA Ifl' AUSTRALIA/NEW ZEALAND I I! IJJ■ 111 'H!_ JL.UPHILL' 1 'at! 1 VJJILV.ILIILML:'- ""< SUPER SHUTTLE EXPRESS AUSTRALIA AStA EXPRESS (AAX)' 1 11 1 T ■■■■■J" 1 1 1 vessel voy ini syd mil am fre sin pkg Z™ Z; ZZ Z Z W,/« OOaHAMUKG
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    • 799 25 vtssa/vor Mwrom I hbchtw m raj ig STUITSVEimWE 08/05 is 3.2 11/04 13/04 STIAiTS VENTURE 01/05 15 3.2 22-23/04 25/04 30/04 03/05 05/05 STKAITC VtIiTUKE 10/05 15 3.2 07/05 10/05 27/05 30/05 01/06 IiVIfTWAIIftH JHfffVKI 1 VBSa/VOT MMPfICT) I HBGHTtfDI IP I 8N IJB STB MB API W SM IP
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  • Page 26 Advertisements
    • 1006 26 MQt Combim a rang* of shipping mocks to wnura timoly, radabW sorvfeos covering major porte in CiHMiiA UMMI MCMI A|n#M ft. OMMUM ROi m All 191ICU/ EUI U|M; XipCHi/ MITKQ Ol Abt Kcsft MnHUfa Ci|Nt Ik BUSAM/ KWANGYAMG SHANGHAI YANTIAN XIAMEN QMGDAO KLAWAIt JAKAITIA SUtAIAYA HAOHSWNB MMBKOR lAIM CHAMMG mKHWHWH
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    • 620 26 9®3Sfe WEEKLY EXPRESS SAILING SCHEDULE I ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICD POINTS 1 VBSB I VOT Isl I PJOA»I6| COUM—OI 11. SMgVA [CQiOWOj j I I AISO ACCPTMG K1 TO COOW, TUIKOHN (VU COLOMBO) MB KANDU t GOAI (VIA N SWVA) CONNKTMG MOTOR VSIS TO BMOK (TBIXSTOWE,
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  • Page 27 Advertisements
    • 747 27 UB||f WALLENIUS WILHELMSEN website: http://ww.2wfllobol.com UC MAO HOP* MIA SAY MI Otf KTC l«W 101 TAMPtH lALSI2 4001mh |UM I 01/ OS 09/0* 13/0* l*/0* 14/0* TAMPA AfSI 1 UlOlw MM I 05/05 SO/OS 09/0* 13/0* 17/0* IS/0* 19/0* TAIAOO AfSl? |Mofcß [MM 13/05 9/0* 11/0* 11/0* M/ 0* 14/0*
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    • 1057 27 VESSEL VOY SIN NU JCBSA JSH SI JO ...rr ml -SB HfI—MPMMNPA 144M1 15/04 15/04 wmi Uti if/M 2IM— PACiANDA 1449N 14/04 17/04 OfMtl 0100P 17/04 11/04 PMIANOA 14 SOW 17/04 10/04 PACIANDA 14S1N 10/04 10/04 BKKI I 118 I lKfl I M PACIANOA 14S2N 20/04 21/04 1 ti| m
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    • 546 27 BSA x MYANMA aH FIVE STAR UNE (Mvsmnm NatioMl Um) U«dta|ftr Y«|m vissa VOT SM PU PM PGU PAGAN S4IW SU> HPA-AN JJ7W SLD m MAUTSIA: DOUSTIAD SHIPPING AGENCIES KUI/PKL 03-*****300 PEN: 04-2****** ACCEPTIM COiVEWTIOIIAI CM VBS& VOT IKG SM PMI PU KUC YUSHOPRMCESS S SID SU> $10 SMNKEN ACE
      546 words


  • BizIT
    • 751 29  -  BT exclusive Accenture survey finds Ministry of Defence to be among world's best in integration of services, reports AMIT ROY CHOUDHURY AMIT ROY CHOUDHURY SINGAPORE is one of just a handful of countries that have succeeded in providing one-stop integration of a wide range
      751 words
    • 274 29  -  By AMIT ROY CHOUDHURY SINGAPORE, because it is a unique international city with a small population, should benchmark its government back-office shared services efforts with the best global companies rather than with other governments, says Accenture. "I think the Singapore government is most well-positioned
      274 words
    • 470 29 AP [PALO ALTO] Apple Computer said on Tuesday it would begin selling the fifth version of its Macintosh OS X operating system later this month. The program, which is named Macintosh OS X 10.4 Tiger and will sell for US$l29, has a variety
      AP  -  470 words
    • 397 29  -  By ROLAND LIM RESEARCHERS at Nanyang Technological University (NTU) have created the world's smallest integrated circuit antenna for wireless communication devices, opening the way to major cost savings and feature improvements in such devices. The innovation, dubbed the Integrated Circuit Package Antenna (ICPA), enables devices
      397 words
    • 292 29 Bloomberg [SAN FRANCISCO] Oracle Corp and Intel Corp will work together to develop products based on radio frequency identification, technology that uses chips emitting a radio signal to track inventory. Development teams from Oracle, the world's No 3 software maker, and Intel, the
      Bloomberg  -  292 words
    • 327 29  -  By RAJU CHELLAM AFTER rising a steep 19 per cent in January, sales of semiconductor chip-mak-ing equipment fell in February, die first decline in 19 months, show preliminary figures released by the Semiconductor Equipment Association of Japan and the Semiconductor
      327 words

  • PROPERTY
    • 658 30  -  The housing market is consolidating after the construction boom in 2003, says DAVID REES DAVID REES THE common perception is that the Australian residential property market is at a crossroads. Many analysts, including several high profile international commentators, had, in fact, pencilled in 2004 as the
      658 words
    • 449 30  -  Units at City Square Residences start from $560 psf By ARTHUR SIM THE boundaries of the city centre look set to grow wider with yet another development City Developments' City Square Residences being launched this week in Serangoon, around Little India, a district quickly being annexed
      449 words
    • 260 30  -  By ALEXANDRA HO CPG Consultants has signed a deal with India's Magnolia Builders and Developers to build a 1,000-unit residential township in Bangalore. The development, The Magnolia Presidents, will include a clubhouse and retail facilities for technologists working in Electronic City, where many multinational IT
      260 words
    • 864 32  -  He tells KALPANA RASHIWALA some of the miracles in his life KALPANA RASHIWALA ASK Bill Goei what it takes to survive in the property business, and he would say: "Don't over-in-vest. Don't borrow too much from the bank. A lot of people fail because of
      ARTHUR LEE  -  864 words
    • 392 32  -  By KALPANA RASHIWALA THE trend of city living continues to gather pace. And the latest confirmation of this comes from William Goei's Goldhill Group. It is offering refurbished apartments on the 25th to 28th floors of High Street Centre with panoramic views of
      392 words
    • 1184 32 PROJECT NAME/ PROP CONTRACT TENURE BUILT-IN/IAND PRICE PSf STREET NAME TYPE DATE AREA'RQFT) (SVQQO) (SS) District 01 NON-LANDED The Sail At Mama Bay Apt 22/03/2005 99 893 749 839 The Sail At Marina Bay Apt 09/03/2005 99 657 560
      1,184 words
  • Page 30 Advertisements
    • 216 30 K H K>t K ■^^pf^BKßnn|^H^H REI' ilpp^P^ I i EknHEfiaH^n^B^Hl MBII Ek]^ u a i i b «®2®™FEl5 E llif -'f j^., t p M-mGSBMh r Hit ffKI J^BBH^H/tt" Vv*^JHaß|^^nH|^ Ma'tff JJ4 R yff tfj>y Ko*4, FIRST C6NCON Q ?rcstudk>_ V" t»x«i» fsMVUHBI HAST C€NCO\ COfIPORftTiON PT€ ITD TH f
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    • 201 30 Receive money on the same day T|j*|||*|||fl f Lower remittance cherges i I IS! lISI I 111 Personalised service IllHnilflciSl Collection service available lIIUUIIwOIQ Pay by Internet banking, ATM a PhlllO transfer, cheques, etc Qg Oil I lid mQPL Remittance Pte Ltd Golden Mile Complex, 5001 Beach Road 01-77 A
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    • 87 30 GOOD CLASS BUNGLW LAND Astrid Hill ***** sqft elevated. Belmont ***** sqft hilltop Bishopgate ***** sqft hilltop, wide frontage, panoramic view. Chatsworth ***** sqft, $380 psf. elevated land. Cornwall Gdn ***** sqft hilltop, wide frontage. Margoliouth ***** sqft flat square land, quiet sole agent. Nassim *****,***** sqft Tanglin *****,*****,***** sqft
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    • 45 30 ire; r r J j VJm r h THE ONES THAT FIT! G Recruit the right people through t 'The Straits Times Recruit' J Call WOO 289 8822 oremall ✓-o -J recruitssph.com.sg i v to 1 f c; LC" hSSSSSM d I \>~v 2 j
      45 words

  • Page 31 Advertisements
    • 282 31 mm. 111 JIW TttMl I«1 II --->3; 49 ifl-JHii^ll^^^^llK^HH^^^Bii Li w PI JL"Jb IBByiMig I JSfl w 7mm pTJ »F a aH LTI II I' m ■Xt»&i*j.i• *~ssk a W *H r aJi wit *P J jp t V3flflrH& HHRHSp 3Jfij|; :^fiW'' >;? *7] 1 I m tPI HiiPMK§iltlii9HS^i^fllfl^^^^^^ll^^^l^i HHini4'
      282 words