The Business Times, 16 April 2005

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Total Pages: 24
1 24 The Business Times
  • 18 1 THE BUSINESS TIMES weekend SMGARMEComH MCA (P) 0^*****5 April 16-17, 2005 online .tt http biiMiit'ss (tries vist.il tom.sq
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  • 471 1  -  Osim-led group, which includes Temasek, taking over Nasdaq's Brookstone By WONG WEI KONG [SINGAPORE] In a bold move into the American market, healthcare group Osim International is leading a consortium including a unit of Temasek Holdings to stage a US$456 million acquisition
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  • 541 1  -  Joanna Yeo pleads guilty to insider trading By MICHELLE QUAH [SINGAPORE] The former executive director and chief financial officer of Asiatravel.com Holdings, Joanna Yeo, was yesterday fined $100,000 after pleading guilty to insider trading and non-disclosure. The high-profile insider trading case follows that of Amtek
    FILE PHOTO  -  541 words
  • 921 1  -  Writing from prison, high-roller Chia Teck Leng warns gamblers of the dangers of their ways By ALEXANDRA HO [SINGAPORE] Chia Teck Leng, the former Asia Pacific Breweries finance manafer Who swindled four foreign banks of more than $117 million to finance his gambling
    FILE PHOTO  -  921 words
  • 137 1 sn 2,***** (-18.36) ST INDEX FUTURES 2.150.00 (-14.00) siMsa ***** (-2.29) SIMSa FUTURES 252.40 (-2.40) MARKETS Friday Change KLSECOMP 874.25 2.98 NIKKEI 225 11.370.69 -192.48 HANG SENG 13.638.75 -133.65 SET INDEX closed JAKARTA COMP 1,096.518 -11.921 MANILA COMP 1,864.06 23.41 SEOUL COMP 947.22 -6.70 SHENZHEN B 265.59 -1.77
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  • Page 1 Advertisements

  • TOP STORIES
    • 538 2  -  He dislikes gambling but says it's a decision for younger ministers By CHUANG PECK MING [SINGAPORE] Having a casino will present problems for Singapore, but forgoing it will lead to even bigger headaches, according to Minister Mentor Lee
      538 words
    • 591 2  -  Few breakthrough growth projects; focus mostly on cost reduction By JEAN CHUA [SINGAPORE] Singapore companies pay lip service to innovation, but not much more, says a new survey. "The innovation portfolios of many Singapore companies are composed mainly of cost reduction,
      AP  -  591 words
    • 769 2 In search of the next Hyflux as counter hits record highs SHARES of Hyflux have surged to record highs, making it the most expensive among the Singapore-listed water treatment stocks. Is there another Hyflux in the making among its listed rivals Sinomem Technology, Bio-Treat Technology, Darco Water Technologies,
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    • 955 2  - A little bit of heaven but not quite enough SATURDAY SOAPBOX This place, Singapore, has a lot going for it. Pity Singaporeans, by and large, don't seem to be able to appreciate that RODERICK CLYNE Copy Editor THE Rev Sydney Smith, the 18th century English Whig divine, was once asked
      955 words

  • RAFFLES CONVERSATION
    • Article, Illustration
      2260 3  -  SMU president Howard Hunter tells ANNA TEO why the university will be a 21st century model for others ANNA TEO WHEN Howard Hunter got home to Atlanta from his first trip to Singapore back in August 2002, his wife Susan had this feeling, "hmmm, there's something very interesting
      CHRIS LOH  -  2,260 words
    • 543 3 HE set his heart on teaching as a teenager, but became a practising lawyer, then a law professor, a law school dean, university provost, and now, president of a Singapore university. "But I never stopped being an academic," says Howard Hunter. "When I think back on
      543 words
  • Page 3 Advertisements
    • 66 3 Raffled INTERNATIONAL Hotels Resorts A Member of Capita Land 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
      66 words

  • CASINO DEBATE
    • 3311 4  -  CHIA TECK LENG, the former finance manager of Asia Pacific Breweries who gambled away millions and is now serving a 42-year jail term, gives a first-hand account of his high-rolling days in casinos in London and Australia CHIA TECK LENG THE Great Casino Debate has been raging
      FILE PHOTO  -  3,311 words

  • COMPANY NEWS
    • 739 5  -  CORPORATE ANALYSIS As investors chase Hyflux shares, ANGELA TAN calls for a pause to look at other water-treatment stocks ANGELA TAN IN a matter of weeks, Hyflux's market value has ballooned to over a billion dollars as the shares of the water-treat-ment company surged
      739 words
    • 318 5 NatSteel cites delay in regulatory approvals NATSTEEL, which last year agreed to sell its steel business to India's Tata Iron and Steel Company, said yesterday that its interest in a Chinese steel outfit has not been transferred to Tata Steel because of
      318 words
    • COMPANY BRIEFS
      • 37 5 THE High Court has fixed May 26 as the hearing date for the judicial management suit brought against China Aviation Oil by creditor SK Energy Asia, CNA reported yesterday.
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      • 65 5 ASCENDAS Real Estate Investment Trust (A-Reit) has begun marketing its proposed second euro-denominated commercial mortgage-backed securities issue to raise a minimum of $350 million. The securities will be issued under A-Reit's existing $1 billion multi-currency secured medium term note programme as euro-denominated notes.
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      • 26 5 QAF has requested a trading halt for its shares and warrants from 9am on Monday pending release of a material announcement.
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      • 49 5 HEALTHCARE group Parkway Holdings yesterday said it has received approval from the Monetary Authority of Singapore to engage in the accident and healthcare insurance business. The group's subsidiary Parkway Group Healthcare has set up a fully-owned unit, Shenton Insurance, to undertake the new business.
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      • 26 5 IPCO says it has decided to defer the listing application for its subsidiary ESA Electronics. It did not give any reasons.
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      • 43 5 JARDINE Cycle Carriage has through its subsidiary Cycle Carriage Industries bought a further 30 per cent stake in Republic Auto for $2.8 million, raising its interest in the second-hand vehicle trader and distributor to 70 per cent.
        43 words
      • 55 5 NIPPECRAFT says it has received a letter of offer from a US office-supply chain to supply diaries, calendars and dated products for a three-year term starting Jan 14 this year to North America and Canada. As a result, the company received purchase orders worth
        55 words
      • 31 5 RENDEZVOUS Hotels International is to provide technical consultancy for the design, construction and management of an 81 -room boutique resort in Phuket due to open mid-2006.
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    • GRAPEVINE
      • 147 5 WE often see reports highlighting die fat salaries paid to top executives in Singapore, but who's to say they are not worth all that money? Keppel Corp's Lim Chee Onn for example, was paid $4.5-4.75 million last year, while the salary of DBS Bank's Jackson Tai was between
        147 words
      • 100 5 BT featured a rare interview with Goldhill Group founder William Goei in its property section on Thursday. Some readers were asking why there was no accompanying photograph of the 82-year old businessman. Actually Mr Goei did not want to be photographed and would not provide a picture
        100 words
      • 182 5 Here's a frank banker Unafraid of voicing controversial views. When Tanya Sty bio Beder, chief executive of Citigroup alternative investments. was asked to comment on the mutual fund industry at a recent press conference, she prefaced her remarks by saying that it was a personal view. Then
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    • 329 5 Bloomberg SINGAPORE Airlines, Asia's most profitable carrier, filled fewer seats and cargo space for the ninth straight month in March as its capacity expansion outpaced travel demand. The airline filled an average 67.5 per cent of its combined passenger and cargo
      Bloomberg  -  329 words
    • 494 5  -  STOCKS R SIVANITHY Senior Correspondent WHAT a difference a week makes. Seven days ago, the Straits Times Index (STI) had just completed a seven-day winning streak and was threatening to break into new fiveyear highs. During the intervening five days, we had
      494 words

  • PERSONAL INVESTMENT
    • Article, Illustration
      998 6  -  Compiled by R SIVANITHY ASCENDAS Real Estate Investment Trust (A-Reit) reported a good set of results with net investment income for the year up 85 per cent year-on-year to $84 million and DPU up at a slower pace of 17 per cent year-on-year to 9.56 cents. The results
      Source: Bloomberg  -  998 words
    • 868 6 For week beginning Apr 11 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS SubsantM »uy Me of Mto SHAREHOLDING Tram Shareholder Sail Slum Pof B«for« After Stodi Pie Director Com '000 S»r t rooc) r OOP) Bonvests Hldgs 14-Apr-05 Ding Chek Leh OE 50 0 50 0 0.00 SO 0.02 Haw
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    • 1150 6  -  SHOW ME THE MONEY Shares' 52-week highs and lows suggest Sesdaq is in for a rise soon TEH HOOI LING Senior Correspondent ONE of the ways to measure the strength of a trend is to compare the number of stocks posting new 52-week
      1,150 words
  • Page 6 Advertisements

  • BT INVESTMENT ROUNDTABLE
    • 2727 7 Shoeb Kagda: The Jakarta stock market has had a great run for the past two years but now seems to be falling. What is happening in the market? Rizal Prasetijo: I think to explain what is going on, we need to see two factors
      2,727 words

  • SINGAPORE NEWS
    • 473 8  -  Output goal to be achieved over next 5 years, from $6.2b last year By CHEN HUIFEN EVEN as Singapore yesterday announced its plans to boost its equipment manufacturing output by 50 per cent to $9 billion by 2010, it received a timely shot
      FILE PHOTO  -  473 words
    • 235 8 SINGAPORE companies will be checking out Penang and Kedah in Malaysia for opportunities in the electronics, retail and logistics sectors during a four-day mission starting tomorrow. About 44 executives will be representing 35 companies from three main sectors electronics and manufacturing,
      235 words
    • 476 8  -  By NANDE KHIN A GREAT idea always spawns copycats. And QB House's "10 minute haircut for $10" concept is a winner, judging by the many copycat hair salons that have sprouted across Singapore since the service was introduced here in 2002. But Kuniyoshi Konishi,
      ARTHUR LEE  -  476 words
    • 248 8 Slower motor sales, short month cited for slide RETAIL figures in February fell for the first time in 12 months as motor dealers sold far fewer vehicles than they did a year ago. Overall retail sales for the month fell 6.6 per cent from
      248 words
    • 605 8  -  Oxford meeting US recruitment effort head on in Asia By SIOW LI SEN THE head of a prominent Oxford college, visiting Singapore on a student-re-cruitment exercise, has pitched her British university head on against its American counterparts. "I'm struck by how vigorously
      ROB JUDGES  -  605 words
    • 165 8 INDIA and Singapore have completed 12 rounds of negotiations and legal experts have met twice for legal scrubbing of the proposed Comprehensive Economic Cooperation Agreement (CECA). The Ministry of Trade Industry (MTI) said yesterday that both parties are keen to resolve issues involving
      165 words
  • Page 8 Advertisements
    • 35 8 SME SPOTLIGHT Small and medium enterprises don't always get the attention they deserve. Not in BT. Every Tuesday we're turning the spotlight on this increasingly vibrant part of the Singapore business landscape The Business Times
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  • PROPERTY
    • Article, Illustration
      637 9  -  The house is designed to look backwards, which is also where the unobstructed view of tree-tops is. This means service areas, like the kitchen, face the street, writes ARTHUR SIM ARTHUR SIM THE home is increasingly becoming an extension of the office boardroom, and dinner parties, the entree
      637 words
  • Page 9 Advertisements
    • 189 9 Notices IN THE HIGH COURT OF THE REPUBLIC OF SINGAPORE (Companies Winding Up No. 169/2004/S) In the Matter of the Companies Act (Chapter 50) And In the Matter of Bestbuild Development Pte Ltd (In Liquidation) (Reg No. *****3919R) NOTICE TO PREFERENTIAL CREDITORS OF INTENTION TO DECLARE DIVIDENDS NOTICE is hereby
      189 words
    • 158 9 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 And IN THE MATTER OF MOVIE JUNCTION PTE LTD Company Registration Number *****5453H (In Voluntary Liquidation) NOTICE IS HEREBY CIVEN that the Creditors of the abovenamed Company, which is being wound up voluntarily, are required on or before 16 May 2005
      158 words
    • 186 9 IN THE MATTER OF THE COMPANIES ACT. CAP. 50 AND IN THE MATTER OF (1) DIABLUE PTE LTD Co Reg No: *****2479R (2) KAVATAR CORPORATION PTE LTD Co Reg No: *****3425E (IN MEMBERS' VOLUNTARY LIQUIDATION) FINAL GENERAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 (1) of the Companies
      186 words
    • 255 9 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF JESS PALATE PTE LTD (CO REG NO. *****2694 D) (IN CREDITORS' VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Chapter 50, that the Final Meeting
      255 words
    • 408 9 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF CURRENEX SINGAPORE PTE. LTD. (Co Reg No: 2001-***** M) (In Members' Voluntary Liquidation) NOTICE OF SPECIAL AND ORDINARY RESOLUTION (Pursuant to Section 290(2)(b) At an Extraordinary General Meeting of the abovenamed Company held on Btn April
      408 words

  • Page 10 Advertisements
    • 203 10 The Business times classified PR PEKTIES CONSERVATION Patrick Tel: 9631 0201 WBt DISTRICT 05 Cantonment Road 3/storey I I Near Outram Patrick Tel: 9631 0201 9631 02^01 DISTRICT 07 i Conservation K. *4* House i j£s~ Next to Bu is I mm iBsi Patrick Tel: 9631 0201 DISTRICT 10 D-storey
      203 words
    • 223 10 Build your dream home! Prime Location Future MRT Semi-D 3400 sqft From 51.78 M View today only www.zoslynne.com Zoslynne Tel: 9182 9000 Peranakan with garden! Amazing 3+2 layout Bali Splendour/Patio 3500 sg ft @> Newton Rear Garden MRT/Freehold Huge luxury master Serene greenery Ouiet yet city location isabelredrup.com/IRIS $3.3 m
      223 words
    • 212 10 DISTRICT 14 Jalan Sayang Ms Tan Tel: 9693 5000 Owner Tel: 9677 8980 DISTRICT 15 Freehold 2V*storey detached bunqlw Odrms (2 with attached bathrms) rm Exclusive bungalow zone Frankel Estate mlns to Kembangan MRT Close to qood schools and Dtt amenities HT Approx 425/403 sqm Excellent cond finishing Contact Tel:
      212 words
    • 196 10 v DISTRICT 19 A A pair of 3-Storey t 6+l rms P*r unit approx 483.01/ HI 622.49 mins to Kovan station I Fac,n 9 s uth Mr Lee Tel: 9759 2883 DISTRICT 19 Serangoon Garden 1-storey bunglw loft 4200/ 2500 sq.ft., rooms Move in with touch up H HfllHk Walking
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    • 202 10 jJK 2 semi-d x® Land 3400 s,ft/ bum n 3800 Move-in condition May Tel: 9010 3532 DISTRICT 20 Bright Hill Crescent Off JMI Thomson Road. s+l. New semi-d with attic. Poml, r, en Courtyard etc- 3 mins walk to Thomson Plaza/ [ill amenities. Simple house looking for 1 Serious Buyer.
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  • Page 11 Advertisements
    • 984 11 #1 t I d I relatives or colleagues if you intend to Find TUP a llOUSP L1 n p n re I a\/p t o *> y0U r Jt is ortant to find an agent who I I w 1 m \M m. 111 III house. Once you have a
      984 words
    • 537 11 »DO9- 10 ORCHARD/ TANGLIN/HOLLAND PTE APTS-SALE Belmond Green 2/ 2 study/ 3 study/ Penthse. F'hold. Ikm ACS/ SCGS. Full resort-styled facilities. S9IOK up. Don't Miss! 9238-6633 The Imperial luxurious 3+l, 4+l, Penthse, f/condo facilities, Fort Canning Pk view, Dhoby Ghuat MRT. Kevin Lai 9060-2228 DTZ Aspen Hgts, River Valley Road.
      537 words
    • 485 11 B, Dll ft 21 NEWTON/ J BTTIMAH/ CLEMENTI f HOUSES-SALE Cluster house. Barker Road off Dunearn Rd. $542-$598 per sqft 2700 sqft. Elson hp *****938 Cluster houses Bukit Timah. 3175 3778 sq.ft. $300-$350 psf. Call Frank *****166 D.ll Hillcrest Road. semi-d. Totally new 3200/3500 sqft. 52.85 M. CP 9299 7821
      485 words
    • 507 11 601 2-14 BALESTIER/ MACPHERSON/GEYLANG PTE APTS-SALE Calarasi Condo. 31 Kim Keat Lane. $6xxK. 1,130 sq ft. Jerry. HP: *****773 Cheng Fang Mansion. Geylang Lorong 33. $355 K. 950 sqft. Elaine hp *****248 Deroyal. Jalan Rama Rama. 5635K neg. 1055 sqft. Richard hp *****801 Euro-Asia Pk, off upp S'goon Rd. 2600
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    • 477 11 ESDI 5-16 EAST COAST f HOUSES-SALE 2-storey Bungalow. Wilkinson Rd SS3.IBM neg. 5540/ 4800 sqft Brenda Zee hp *****938 Jalan Ulu Siglap. Fr $I.llm 2971-3003 sqft. Elsie *****520 HK 015-16 EAST COAST ||pf PTE APTS-SALE j~P New Launch, The Beccaqayle. Open hse Sat/ Sun 10am-6pm. 12 exclusive apts. F'hold. TOP
      477 words
    • 498 11 W&k 015-16 EAST COAST Uy PTE APTS-SALE Costa Del Sol at Bayshore Rd.1313 sqft to 2600 sqft. neg. Call Haresh 9067-9007 RE/MAX. Cote D'Azur Condo. 1324 sqft. S9BOK neg. Linda Tan 9862-3778 Cote D'Azur, Marine Parade Rd. 51.05 M. 1600 sqft. Call Ang *****228 Cote D'Azur, Marine Parade Rd. SBOOK.
      498 words
    • 473 11 iffk 015-16 EAST COAST |jpr PTE APTS-SALE Pari Dedap Wlk. Tanamera Crest. 1184 sqft. $595k. *****811 Tess Tan. Sunny Palms. Telok Kurau. $700 K. 1044 sqfT. Adeline hp *****929 Telok Kurau Apartment Lorong J/ N. 1087-1366 sq.ft. neg. Call Frank *****166 The Calypso, 500 Upp East Coast Rd. 760 1200
      473 words
    • 507 11 B, 019-20 SERAN6OON/ J THOMSON f HOUSES-SALE Kentish Lodge. Oxford Rd. 1185 sqft. $500k. *****797 Grace Wee. Portchester Ave. Land 2160/ 1800 sqft. SBSOK neg. Call Daniel *****431 Rio Vista. Upp Serangoon View. 1238 sqft. $570k. *****182 Susan Tong. Rio Vista. Upp Serangoon View. 1249 sqft. $595k. *****790 Helen Tay.
      507 words
    • 492 11 »D1 9-20 SERANGOON/ THOMSON PTE APTS-SALE Gardens 9 Bishan. S$6BOK neg. 1227 sqft. Brenda hp *****938 Gardens Bishan. SS43BK up. 947 sqft. Brenda hp *****938 Gardens at Bishan. 1206 sqft. Contact: *****343 Palm Grove. S43OK up. 678 sqft. Brenda hp *****938 Rafflesia. Bishan St 21. $628K up. 1195 sq.ft. Boon,
      492 words
    • 460 11 ffti D 22-24 WEST Iff? PTE APTS-SALE Lakeholmz Condo Corporation Road. S6O6K. 1238 sq.ft. Aileen 9 *****562 Lakeholmz Condo Corporation Road. S7I9K. 1496 sq.ft. Aileen 9 *****562 Lakeholmz Condo Corporation Road. 5694 K. 1582 sq.ft. Aileen 9 *****562 Lakeholmz Condo Corporation Road. S6O2K. 1238 sq.ft. Aileen 9 *****562 Lakeholmz Condo
      460 words

  • JOBS
    • 517 12 New appointments reflect importance of Islamic markets to bank's business Bloomberg [HONG KONG] Citigroup Inc, the world's biggest financial services group has appointed a new management team for its fixed income capital markets division in the Asia-Pacific region. Aamir Rahim, 43, responsible for
      Bloomberg  -  517 words
    • 251 12 Reuters [LONDON] Fancy something different? The British Antarctic Survey (BAS) may have just the job. The scientific research organisation has launched a recruitment drive to attract tradeswomen. The organisation is looking for female electricians, plumbers, carpenters, steel erectors, chefs and boat handlers to
      Reuters; FILE PHOTO  -  251 words
    • 362 12 Bloomberg [UNITED NATIONS] The world unemployment rate decreased to 6.1 per cent at the end of 2004 from 6.3 per cent a year earlier, according to a United Nations report that said 184.7 million people can't find work.
      Bloomberg; REUTERS  -  362 words
    • 457 12 [BERLIN] Deutsche Bank has promised to create 750 new jobs at its retail bank in a move designed to soften the blow of a planned programme of 6,400 job cuts group-wide, the Financial Times said on Thursday. Verdi, the services union that represents Deutsche's
      REUTERS  -  457 words
    • 330 12 Reuters [NEW YORK] US companies with more racially diverse staff tend to deliver higher shareholder value than other companies, a study said this week. According to Diversitylnc, a trade publication that specialises in diversityrelated issues, the top 50 racially diverse companies singled out
      Reuters  -  330 words
    • EXECUTIVE MOVES
      • 77 12 ONE of Asia's best-known television journalists Martin Soong (right) returns to CNBC Asia Pacific as the anchor of the network's signature morning programme Asia Squawk Box, starting April 25. Based in Singapore, Mr Soong was part of the team that launched Asia Business News in
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      • 77 12 The NEDA Education Foundation has elected Edie Schmidt of Purdue University in America as its faculty board of director member. This is a newly created post. Prof Schmidt is an associate professor and the coordinator of the Purdue University Industrial Distribution programme. Her prior professional experience
        77 words
      • 61 12 SAP Asia Pacific has appointed Alan Sedghi as managing director of SAP South Asia. In addition to his current role as president and managing director of SAP Indian sub-continent and SAP Thailand, Mr Sedghi will oversee the business operations of all the markets in South
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      • 86 12 ICAP has announced the appointment of Bruce Collins as chief executive responsible for the Asia-Pacific region effective April 18. He was previously the group chief executive office of Tullett Liberty, now part of Collins Stewart T ullett pic. David Gelbar, ICAP chief operating officer, will continue
        86 words
      • 62 12 KIERON Ritchard is Intercontinental Hotels Group's new vice-president, strategy-Greater China. He will be responsible for developing and executing the growth strategy for Greater China, a key focus for Intercontinental. Mr Ritchard was most recently vice-president, development Asia Pacific, at Le Meridien Hotels and Resorts, a role
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  • Page 13 Advertisements
    • 1551 13 The Business Times 1 EXECUTIVES PROFESSIONALS EQUITIES RESEARCH Based in Singapore Attractive Remuneration This company is an established global leader in the investment management industry. With a multi-billion dollar AUM, it offers a range of innovative products from traditional mutual funds to alternative investments, catering to a large and diverse
      1,551 words

  • FOCUS: INNOVATION
    • 1888 14  -  A total commitment to continuing innovation can transform companies of all types and sizes into industry leaders, write HITENDRA PATEL, STEVE WYATT and ARUN MAHIZHNAN HITENDRA PATEL, STEVE WYATT, ARUN MAHIZHNAN SINGAPORE today stands at a crossroads. The dynamics that made it one
      FILE PHOTO  -  1,888 words
  • Page 14 Advertisements
    • 177 14 WkK COLOUR YOUR SKY im H d I\r i -X i Fly Gulf Air and enjoy $300* of shopping absolutely free l Wrfc When you fly Business or First Class with Gulf Air from Singapore J||pr*jp y° u receive a shopping voucher for use at one of Singapore's premier frl
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    • 36 14 This is the first of a six-part weekly series on innovation in Singapore companies, based on a survey study by The Monitor Group and the Institute of Policy Studies. The second article will appear next Saturday.
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  • MALAYSIA/INDONESIA
    • 486 15  -  But S'pore-style incentives needed to drum up foreign interest: analysts By S JAYASANKARAN in Kuala Lumpur REAL estate investment trusts (Reits) are expected to take root in Malaysia this year with the listing of AxisReit on the main board of the Kuala
      486 words
    • 364 15 [JAKAßTA] The Indonesian military (TNI) will not seek financial compensation in return for the relinquishment of its businesses to the state, but has asked the government to improve the welfare of soldiers, The Jakarta Post reported yesterday. TNI Commander General Endriartono Sutarto said
      364 words
    • NOTE BOOK
      • 94 15 Reuters [BEIJING] China's top banking regulator proposed a regulatory review yesterday to promote finance for small firms, which struggle to get money. "Private industries have been developing very quickly and now constitute around one third of the Chinese economy," said
        Reuters  -  94 words
      • 67 15 Reuters [KUALA LUMPUR] Malaysia said yesterday there was no need to raise domestic interest rates for now, since its present policy supports growth. "Right now we have to balance our interest rate policy against supporting growth and inflation, and at
        Reuters  -  67 words
      • 116 15 Reuters [BEIJING] Chinese economic growth probably eased in the first quarter after official efforts to slow down investment and a drop in industrial output, but other data next week may show more is required to stop the economy from
        Reuters  -  116 words
      • 104 15 Reuters [JAKARTA] The Indonesian and Malaysian navies reached a truce on Friday, raising the possibility of joint patrols after naval vessels from each side were involved in a confrontation in a disputed area believed to be rich in oil. The April
        Reuters  -  104 words
      • 91 15 Bloomberg [KUALA LUMPUR] Golden Hope Plantations, Malaysia's second-largest plantations company by estate size, joined with Saudi Arabia's biggest palm oil buyer to expand its edible-oil retail business. Golden Hope and Savola Edible Oils Co will set up a venture
        Bloomberg  -  91 words
      • 82 15 Bloomberg [SEOUL] Hyundai Motor Co. South Korea's largest carmaker, said it has set up a holding company in China to better manage its 21 affiliates in the world's third-biggest vehicle market. Hyundai China will be capitalised at US$3O million,
        Bloomberg  -  82 words
      • 69 15 AFP [JAKARTA] Indonesia's foreign direct investment approvals in the first quarter rose 173 per cent from a year earlier to US$4.2B billion, official data shows. The National Investment Coordinating Board said it approved 285 new projects worth U552.69 billion, from 225
        AFP  -  69 words
    • 591 15  -  By SHOEB KAGDA in Jakarta INDONESIA'S stock market has, over the past two years, offered equity investors arguably some of the highest returns anywhere in the world. But the good times may be over at least for the foreseeable future. After nearly tripling from
      AFP; Source: Bloomberg  -  591 words
    • 397 15 Bernama Bloomberg [KUALA LUMPUR] Commerce Tijari Bank, the new wholly owned Islamic banking subsidiary of Bumiputra-Commerce Bank launched yesterday, expects to contribute 20 per cent to the group's net income in the next five years. And Malaysia's secondbiggest lender plans to sell
      Bernama; Bloomberg  -  397 words
    • 4 15
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  • GREATER CHINA
    • 512 16 IPO plans have ground to a halt as market awaits clarifications [BEIJING] Rules designed to curb hot money inflows and the sale of undervalued state assets are complicating the overseas listing plans of private mainland firms and obstructing for-eign-invested projects in
      512 words
    • 53 16 AFP [LAHORE. Pakistan] Chinese dancers performing a traditional dance during a cultural show here on Thursday. A variety of Chinese traditional dances and songs were performed in the show organised by the Alhamra Art Centre, a Pakistani cultural organisation, aimed at improving cultural ties between Pakistan
      AFP  -  53 words
    • 362 16 Reuters LAT-WP [WASHINGTON] United States President George W Bush reiterated on Thursday that China should allow its currency to float in order to have fair trade with the US. The US trade deficit with China in February alone was US$l3.9 billion,
      Reuters; LAT-WP  -  362 words
    • 6 16 Transaction date: Apr 15
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  • INDIA
    • 762 17  -  Oil, slow production weigh on minds, but other factors may keep bourses climbing By ASHOK KUMAR in Mumbai INDIAN markets are finally showing signs of buckling after seeming to escape the shake-ups that recently rocked many neighbouring Asian bourses. It
      Source: Bloomberg  -  762 words
    • 1275 17 Transaction Date: Apr 15 MOST ACTIVE STOCKS VOLUME VALUE UTACUS15c 42.642.000 CapitaLand S2.165.S24 Detoog 5c 40.383,000 UOB 46.759.310 UniFiber 10c 28.710.000 SingTel 15c 43.291.526 CapitaLand 20.738.000 Keppel Corp 50c 40.247.900 Sunpowef USIc 17.083.000 DBSGrp 38.428,700 SingTel 15c 17.052.000 SGXIc 25.096.540 Hyflux D8 eCW*****7 14.939.000 UTACUS15c 24,848,6.15 Sarin 14.244.000 OCBC
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  • ASIA-PACIFIC/WORLD
    • 814 18  -  LIGHT REED For years, the IRS has insisted on inflicting torture on American citizens every April CHRISTOPHER REED MILLIONS of Americans have just endured a taxing meet the April 15 annual deadline for filling in their returns for the Internal Revenue Service (IRS), a government
      814 words
    • 597 18 Bloomberg Reuters AP [LONDON] Weak results from global tech bellwethers IBM, Sony Ericsson and Samsung Electronics have raised concern that economic and profit growth is faltering. "We see a lot of tech companies disappointing," said Thomas Meier, a fund manager at Union
      Bloomberg; Reuters; AP  -  597 words
    • 467 18  -  By ANTHONY ROWLEY in Tokyo THE stock market plunged by nearly 200 points or 1.7 per cent yesterday to a fivemonth low as the effect of tensions between Japan and China began to influence market sentiment. Further anti-Japan demonstration are expected in some Chinese cities
      REUTERS  -  467 words
    • 285 18 Reuters [NEW YORK] If the economy remains healthy and consumer demand stays strong, the US gaming industry should have a strong year and credit quality should improve, Standard Poor's (S&P) said in a recent report. Cities with casinos and American Indian
      Reuters  -  285 words
    • 493 18 Bloomberg Reuters [NEW YORK] Financial giant Citicorp and conglomerate General Electric yesterday reported improvements in firstquarter earnings but Citicorp disappointed analysts with its revenue falling below their estimates. The world's largest financialservices company's firstquarter earnings rose US$l.O4 a share on revenue of US$2l.5
      Bloomberg; Reuters  -  493 words
    • 454 18 LATEST US DATA Bloomberg [WASHINGTON] Rising oil costs pushed US import prices up a sharper-than-expected 1.8 per cent last month, the biggest gain in more than two years, the Labour Department said. Excluding a 10.6 per cent jump in the cost of
      Bloomberg  -  454 words

  • FOCUS: SPORTS
    • 1105 19  -  In terms of viewership and participation, it's the only top 10 global sport that is not in the Games, says JUSTIN SAMPSON JUSTIN SAMPSON RUGBY games used to be always watched by rugby people, the people who actually played the game. It
      PHOTO: STANDARD CHARTERED  -  1,105 words
    • 42 19 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
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  • MOTORING
    • 2053 20  -  In the blink of an eye, the first quarter of 2005 has come and gone, leaving motorists with one of the happiest situations concerning passenger car COEs. For the first time in more than a decade, premiums have generally stayed below the $20,000 mark. This means
      2,053 words

  • GOLF
    • 1063 21  -  By wrapping up his 9th major last week, Tiger Woods has answered his detractors in the best possible way, says GEOFFREY EU GEOFFREY EU W' HAT a difference a green jacket makes more specifically, the green jacket that now fits snugly around the shoulders of 2005
      AFP  -  1,063 words
  • Page 21 Advertisements
    • 44 21 y rxZT V-' 1 ;o P ™D THE ONES hen THAT FIT! j Recruit the right people through The Straits Times Recruit. > C——j~ Call 1800 289 8822 or email recruit@sph.com.sq to advertise. I Li_ r J Un p-> iwMauii i i i —> c~ ~f
      44 words
    • 51 21 Lianhe Zaobao B 8 Exclusive interview with I I &g Ma h Bow Tan I I New, I I trends I I in the I I Singapore-Sichuan I I economic ties I ®SS) I p} gHI Call 1800 289 8822 or email notices@sph.com.sg to book your advertisement in our newspapers
      51 words
    • 28 21 "INDESCRIBABLE BEAUTY, rmGMCEOF BALLET MIKHAIL BARYSHNIKOV D^^H^H 1 I omaMtvstation www.sistic.com sg A*M»4Cc?p Tickets available at all SISTIC mKm Authorised Agents Is Land wide GRAND plaza Sjjftjg www.lcaaustralla.com
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  • Page 21 Miscellaneous
    • 204 21 CRYPTIC CROSSWORD 8 Mum's concern? (6,7) j j lli j 1 Put up before the court (5) 17 Weapon, mine found under the railway MB ImJ m fljjjf H putting on vinaigrette (5,8) 28 Enchantress to come down in imaginary country (9) 1 1 DOWN (9) YESTERDAY'S SOLUTION 2 Old
      204 words

  • WELLNESS
    • 978 22  -  Busy people can now add express workouts to fastfood and email as convenient solutions, says PEPPER LEE PEPPER LEE ||MBggi§ he sad irony of the Internet and mobile phones is that they have made data faster and mm workloads heavier. Instead of spending less time in the
      978 words
  • Page 22 Advertisements
    • 236 22 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 dishes include chilli crabs, champagne pork ribs ami king prawns. New: Monk
      236 words
    • 221 22 For birthdays, registration of marriages or baby's full-month celebrations, you get a 10 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 month of Aprß, enjoy the following set menus: Set menu for 2 persons $38+++ Set menu
      221 words
    • 392 22 Orchard Hotel 44$ Orchard Rd. Tel. 6739 6554 Alf-you-can-eat drunken live prawns and pepper crabs are on promotion at the Orchard Cafe buffet Along with its famous Taiwanese porridge spread, Asia) specialities and over 50 items on the buffet table, the chefs special drunken prawns and crabs can be had
      392 words

  • SHOPPING
    • Article, Illustration
      830 23  -  CORINNE KERK checks out nursery products that create a warm environment for your little darlings to grow up CORINNE KERK Q- UESTION: Is Wild l Child the name of a I rip-foaring pub, an 1 enrichment centre for hyperactive f kids or an under- ground club for disenfranchised
      CHRIS LOH  -  830 words
    • 618 23  -  By CORINNE KERK IF you're looking for a good, classic toy that isn't based on a cartoon, TV or movie character, you'll find your choices rather limited. But fortunately for discerning parents and gift-givers (who may remember some of these playthings), there are well-made,
      618 words
    • IN STORE
      • 93 23 IT'S called Romance and you'll fall in love with it at first sight. Another masterpiece by Daniel Swarovski Paris crystal eyewear, each metal oloment is 23-carat gold-plated, with chatoncut Swarovski crystals at the temples. The ornamental look is well complemented by the rimless lenses held together by
        93 words
      • Article, Illustration
        55 23 IT spells elegance without being too overt. After all, this Greta bag by Furla is subtly all-calf leather and softly cunning in design, thanks to its elongated shape with embossed flower print. Colours vanilla with cinnamon brown handles and parts. Retail price: from $1,100. Available at Furla outlets,
        55 words
      • Article, Illustration
        78 23  -  Compiled by MIKE CHUA THE shape of iMacs and PCs have evolved, why not computer tables? The KRILLE computer table breaks convention with its non-conformist lines and minimalist platforms. Because it is space saving with a cable outlet at desk top it's excellent for small corners. Material: steel,
        78 words

  • THE BUSINESS TIMES weekend
    • 1503 24  -  The international concept of 'part marketplace' and 'part makan place' is slowly catching up in Singapore, says GEOFFREY EU GEOFFREY EU ■'ORDUROY Finch may sound like the ff casual wear, coun-try-cousin branch of a Saville Row tailor, ■k but it is merely the latest manifestation of a
      ARTHUR LEE; CHRIS LOH  -  1,503 words
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