The Business Times, 28 April 2005
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2005-04-28
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The Business Times
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Title Section14 2005-04-28 1 THE BUSINESS TIMES SIN6AtiSE6*fiB online at http://business-times.asia 1 .com.sg MICA (0089(03/2005 Thursday April 28*200514 words
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660 2005-04-28 1 SIOW LI SEN - By SIOW LI SEN [SINGAPORE] Wee Cho Yaw yesterday got star treatment from United Overseas Bank shareholders at the bank's annual meeting unlike last year's highly emotional event when he got a roasting. He was clearly pleased, even if it seemed the bank660 words
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Article, Illustration850 2005-04-28 1 DANIEL BUENAS - BT exclusive Las Vegas Sands plans colonial-era theme, fireworks and Guggenheim for US$2b-plus Marina resort By DANIEL BUENAS [SINGAPORE] An iconic project that encapsulates Singapore's culture, heritage and history that's what US-based Las Vegas Sands has in mind for the integrated resort (IR) site atCHRIS LOH - 850 words
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Page 1 Advertisements
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Advertisement18 2005-04-28 1 PROPERTY Changing the look of medical centres PG 30 i #iin JP MORGAN CHASE CORPORATE CHALLENGE PG 218 words
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Advertisement9 2005-04-28 1 nm Mni£ 8 II Markets Digest on Pg 49 words
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Advertisement14 2005-04-28 1 BUT S'pore well suited to PG2B <&&& iM-4 #w ,7t r- I '--Mr >" '4 nj&r?14 words
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TOP STORIES
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Article, Illustration481 2005-04-28 2 LIZA LIN - JP MORGAN CHASE CORPORATE CHALLENGE Gurkha and GK Goh broker outpace record field of 9,300 runners in big S'pore corporate race BY LIZA LIN [SINGAPORE] Road traffic gave way to foot traffic in the Central Business District last night as business hotshots, not cars,PHOTOS: CHRIS LOH, ARTHUR LEE - 481 words
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Article694 2005-04-28 2 Anwar's political comeback unlikely: Dr M OUSTED former Malaysian deputy prime minister Anwar Ibrahim is unlikely to be able to stage a political comeback, former Malaysian prime minister Mahathir Mohamad told Singapore's Minister Mentor Lee Kuan Yew yesterday. This view is in contrast to that of the Malaysian694 words
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Article40 2005-04-28 2 IN Tuesday's report "Trans Eurokars on a roll", it was mentioned that the motor distributor clinched the 46th spot in last year's Enterprise 50 Awards. That's incorrect. The company took the 38th place. We are sorry for the error.40 words
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411 2005-04-28 4 JOSEPHINE TAY - SpaCare International teams up with Nissan-led consortium to open 100 centres in Japan By JOSEPHINE TAY (SINGAPORE] Taking a local brand to Japan isn't something many Singapore businessmen would dare do. But Peter Sng of homegrown Spa Care International has411 words
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Article133 2005-04-28 4 STI 2,*****(4.30) ST INDEX FUTURES 2.140.00 (-10.00) siMsa 254.05 (-0.55) SIMSa FUTURES 253.70 (-1.00) MARKETS Wednesday Change KLSECOMP872.45 >0.02 NIKKEI 225 11,005.42 -30.41 HANG SENG 13.839.64 -19.94 SET INDEX 664.63 +2.50 JAKARTA COMP 1.032.218 +0.450 MANILA COMP 1,830.32 -27.82 SEOUL COMP 930.16 -14.30 SHENZHEN B ***** +0.98 BOMBAY133 words
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Article, Illustration428 2005-04-28 4 CHUANG PECK MING - By CHUANG PECK MING in Kuala Lumpur TIES between Singapore and Malaysia "look very good" now, former Malaysian prime minister Mahathir Mohamad said yesterday after Minister Mentor Lee Kuan Yew called on him. But the two former leaders who did not have anLIANHE ZAOBAO - 428 words
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Advertisement124 2005-04-28 2 osim mm SINIG A PORE sssssss ASIAN TRIATHLON CHAMPIONSHIP 2005 JH|, CATEGORY EVENT SWIM CYCLE RUN Ug P®« Individual Olympic Distance 1500 m 40km 10km Sprint 750 m 20km skm Mini 200 m 10km 2km Kids (10-14yrs) 200 m 10km 2km Kids (7-9yrs) 100 m skm Ikm Relay Olympic Distance124 words
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Advertisement14 2005-04-28 2 Fresh jobs MYdaY V Read our newspapers for a fresh set of jobs everyday!14 words
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Advertisement40 2005-04-28 3 *J| HP dsSH Huh Hr\ 12 v\\\li»//7/// jHHH >, CARTIER IU^L ij n mr" h^^a f |H b m Qia^^^^H -mmki i s -J^H ■fc/ *f»%| '->■ vy/i i i i i\i il, vT I VO IhL. J .;-^^|^^^pp|a^P|HBHM|HHH^^H^HMH|MWH|HW|^H||^WBHHHH^^M MTi Ibj IK40 words
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Advertisement252 2005-04-28 4 Our qualified professionals k J can assist you with offshore I structures, shelf companies and incorporations In ALL JObH jurisdictions including: British Virgin Islands Cayman Islands Bahamas Mauritius £1 Hongkong Samoa Full nominee, management, secretarial, banking and corporate administration services are available. We also specialize in offshore trusts for assets252 words
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Advertisement30 2005-04-28 4 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 account30 words
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Advertisement121 2005-04-28 5 < ft Islamic Finnic* Awards 2005 Best Islamic I Real Estate Finance House l■Si i BnMM Islamic Finance Awards 2004 -ft- X """'l' Gulf Finance House >V° < Most Innovative I .I.JIL A' Partnerships for v. Gulf Finance /L'*^r m House Bs.c Ui/' Your Premier Global Islamic Investment Bank Tel121 words
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COMPANY NEWS
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Article, Illustration688 2005-04-28 6 ANGELA TAN - UOB chairman says Mandarin needs to be refurbished By ANGELA TAN OVERSEAS Union Enterprise needs at least $500-600 million to upgrade its flagship hotel as well as redevelop its Collyer Quay waterfront properties, United Overseas Bank chairman Wee Cho Yaw said yesterday atFILE PHOTO - 688 words
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195 2005-04-28 6 Bloomberg [JAKARTA] Tiger Airways Pte, Singapore Airlines Ltd's budget carrier, is seeking approval to start flights to India and China to tap growing travel demand in the world's two most populous nations, chief executive Tony Davis said. Tiger Airways, which operates four AirbusBloomberg - 195 words
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706 2005-04-28 6 AMIT ROY CHOUDHURY - HOCK LOCK SIEW By AMIT ROY CHOUDHURY WITH Star Hub's third generation (3G) mobile telephone network becoming commercially available from yesterday, the stage is now set for a battle between the three Singapore phone operators to capture the imagination of mobile phone users. With the pricing706 words
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Article, Illustration469 2005-04-28 7 JOYCE KOH - Company allays fears as stock takes another plunge By JOYCE KOH FOR the second time in as many weeks, shares of United Fiber System yesterday suffered a spectacular plunge which has once again left its chief executive scratching his head for a reason. The counterSource: Bloomberg - 469 words
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Article592 2005-04-28 7 COMPANY MEETWG PLACE DATE TIME L-Jacoberg A 7 Temasek Boulevard, #11-01 Suntec Tower One 29-Apr 10.30am ACE Dynamics A 1 Shipyard Road 29-Apr 10.30am Koon Hldgs A 17B Pandan Road, Koon Building 29-Apr 10.30am Capitaland A 168 Robinson Road, Level 9, Capital Tower 29-Apr 10.30am Inno-Pac A #03-02592 words
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Article260 2005-04-28 7 FOR the first time since its investment deal with Singapore Post fell through, Accord Customer Care Solutions (ACCS) yesterday came out to clarify the company's management issues. Responding to yesterday's BT report quoting sources as saying the company might see a change in management if a260 words
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COMPANY BRIEFS
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40 2005-04-28 7 INTER-ROLLER Engineering has won a $9.5 million contract to design and build a baggage handling system for Panama's T ocumen international airport. The project, expected to be completed in February, is its first in Latin America.40 words
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41 2005-04-28 7 CONSTRUCTION company Wee Poh Holdings said yesterday that it has issued 238.1 million scheme shares at five cents each to participating creditors after the scheme administrator completed the adjudication of claims lodged with him.41 words
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Article40 2005-04-28 7 SUNPOWER Group said its wholly-owned subsidiary, Jiangsu Sunpower Technology, has entered into an agreement with China Shenhua Coal Liquefaction Corporation to design, procure, manufacture, install and commission a torch gas and torch gas recovery system.40 words
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230 2005-04-28 7 IT is a minefield navigating around the various pitfalls facing a listed company, and a seminar co-organised by the Singapore Exchange yesterday sought to educate firms about their responsibilities to shareholders. In his keynote address to the more than 100 participants, SGX's chief230 words
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510 2005-04-28 9 KALPANA RASHIWALA - EARNINGS RESULTS Chairman says Reit well supported, as it awaits Ergo's matching offer By KALPANA RASHIWALA SUNTEC Reit chairman Justin Chiu says he is confident of winning the shopping mall battle with German insurer Ergo and getting his hands on stakes in510 words
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265 2005-04-28 9 FOOD maker and distributor QAF, best known for its Gardenia bread, has swung back into the black with a net profit of $5.5 million for its first quarter ended March 31. QAF attributed the turnaround from a net loss of265 words
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Article176 2005-04-28 9 DONALD URQUHART - By DONALD URQUHART SEMBCORP Marine posted a 13.1 per cent rise in quarterly profit as record oil prices continued to fuel strong demand for offshore conversions and new rigs. Net profit for the three months ending March 31 rose to $23.8 million from $21.1 million a176 words
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Article161 2005-04-28 9 JOYCE KOH - By JOYCE KOH IT was a glowing report of financial health that Osim International unveiled yesterday as the company once again beat its own targets with strong growth in the first quarter. The healthcare .products group saw Q1 earnings rise 56 per cent to $8.1161 words
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OTHER RESULTS
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58 2005-04-28 9 THE Straits Trading Company saw a 30.7 per cent year-on-year fall in revenues to $45.5 million from $65.7 million in its first quarter ended March 31. Net profit fell 16.7 per cent to $15.5 million, due mainly to an exceptional gain in the58 words
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73 2005-04-28 9 [MUMBAI] Singapore-owned, Mumbai-listed logistics company Gateway Distriparks has posted a 185 per cent rise in its net profit at 141.3 million rupees ($5.3 million) for the fourth quarter ended March 31, against 49.5 million rupees in the corresponding period in 2004, the Business Standard reported73 words
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Article45 2005-04-28 9 THE Ascott Group's first-quarter revenue surged 97 per cent to $99.7 million, led by 129 per cent growth in its serviced residence revenue to $94.4 million. Net profit for the quarter was down 51 per cent to $2.4 million.45 words
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Article42 2005-04-28 9 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 Day42 words
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Advertisement468 2005-04-28 6 SIBA <D General Insurance Association SINGAPORE INSURANCE BROKERS' ASSOCIATION of Singapore IMPORTANT NOTICE Attention: Holders of corporate insurance policies Premium Payment Framework On 18 March 2005, the General Insurance Association of Singapore (GIA) and the Singapore Insurance Brokers' Association (SIBA) announced the Premium Payment Framework for the collection of insurance468 words
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Advertisement225 2005-04-28 6 SIB* General Insurance Association SINGAPORE INSURANCE BROKERS' ASSOCIATION of Singapore IMPORTANT NOTICE Attention: Holders of personal insurance policies Premium Payment Framework On 18 March 2005, the General Insurance Association of Singapore (GIA) and the Singapore Insurance Brokers' Association (SIBA) announced the Premium Payment Framework for the collection of insurance premiums.225 words
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Page 7 Advertisements
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Advertisement294 2005-04-28 7 Baker <te M9Kenzie.Wong <& Leow Baker McKenzie. Wong 8c Leow and Abogado Pte Ltd are pleased to present a half-day seminar on significant changes in doing business in Singapore. The seminar aims to highlight the latest changes in legislation and also to provide essential information to assist businesses to make294 words
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SINGAPORE MARKETS
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Article, Illustration538 2005-04-28 8 R SIVANITHY - STOCKS 'Casino' plays hold firm, despite showing signs of flagging; poor sentiment plagues new listing AusGroup R SIVANITHY Senior Correspondent FOR a good portion of January and February, the local market danced to the beat of its own drum, largely oblivious to events on WallSource: Bloomberg - 538 words
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TRADES TO WATCH
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392 2005-04-28 8 CHARTERED Asset Management (CAM) yesterday again raised its stake in bookstore chain Popular Holdings, lifting it to 6.23 per cent or just over 28 million shares with an open market purchase on Monday. The fund manager has been buying Popular's shares recently.392 words
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112 2005-04-28 8 AMIT ROY CHOUDHURY - Compiled by AMIT ROY CHOUDHURY HEALTHCARE products company Osim International on Tuesday again increased its shareholding in Global Active, this time from 66.20 per cent to 66.26 per cent. Osim picked up 32,000 Global Active shares from the market paying 23 cents112 words
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Article, Illustration439 2005-04-28 8 OTHER SINGAPORE INDICES Apr 27 VALUE CLOSE BT OB/OS -501.00 -102.00 BT CADI -*****.00 -60.00 BT 10-day MA -*****.00 -50.00 All-SG Equities 553.40 -0.43 SG Equities Elect 128.15 +0.15 SG Equities Fin 1614.06 -13.63 SG Equities Prop 572.21 +4.73 SIMSCI 254.05 -0.55 SiMSCI Futures 253.70 -1.00 MOST ACTIVE STOCKS VOLUME439 words
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Article1032 2005-04-28 8 JOYCE KOH - Compiled by JOYCE KOH Cheung Woh Technologies April 27 dose: 27.5 cents KIM ENG RESEARCH, April 26 2H results were below expectation. Sales declined 9 per cent half-on-half instead of increasing 8 per cent as we had projected. This was largely due to discontinuation of production of hard1,032 words
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Article, Illustration541 2005-04-28 8 LARRY WEE - CURRENCIES LARRY WEE Senior Correspondent RECORD US new home sales of 1.43 million in March turned the tables on US dollar bears in overnight trading, despite a soggy April US consumer confidence reading and a weak close on Wall Street. The change inSource: Reuters - 541 words
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Advertisement33 2005-04-28 9 DIT Europazins Best Bond Europe Fund over 1 yr, 3yrs and 5yrs category* rated AA by Standard Poor's. AlllclTIZ (jH) Source: The Edge-Lipper Singapore Funds Awards 2004 Global Investors company regn. no *****7169Z33 words
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MID CAPS
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Article, Illustration927 2005-04-28 10 WONG WEI KONG - WBL's move to take Wearnes private shows it intends to realise the value of its assets, reports WONG WEI KONG WONG WEI KONG est delisting play in the market. And the move by WBL to take Wearnes private is seen as an indication that theFILE PHOTO - 927 words
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Advertisement1364 2005-04-28 10 (S SUNTEC Real Estate Investment Trust NOTICE IS HEREBY GIVEN THAT the Transfer Books and Register of Unitholders of Suntec Real Estate Investment Trust ("Suntec REIT") will be closed on 6 May 2005 at 5.00 p.m. for the purposes of determining Unitholders' entitlements to the Suntec REIT's distribution of 1.8581,364 words
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Advertisement35 2005-04-28 10 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 Times35 words
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SINGAPORE NEWS
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Article, Illustration494 2005-04-28 11 CAROLYN QUEK - Talks, seminars will help explore business opportunities By CAROLYN QUEK SINGAPORE and Mongolia will be stepping up economic cooperation to attract more Singaporean investment to the country, according to Mongolia's prime minister Tsahiagin Elbegdorj. In a meeting with Singapore's prime minister Lee Hsien Loong494 words
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358 2005-04-28 11 JEAN CHUA - Lack of local knowledge hinders business relations By JEAN CHUA BUSINESSMEN from Singapore and the Middle East said at a forum yesterday that inadequate understanding of their respective regions is an obstacle to fully exploiting business opportunities. And in a call for closer358 words
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287 2005-04-28 11 SINGAPORE Press Holdings yesterday announced its Gift of Music to the nation, a year-long series of outdoor concerts meant to share the joy of music with the community in celebration of Singapore's 40th anniversary. The Singapore Symphony Orchestra will perform in the287 words
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Article, Illustration496 2005-04-28 11 ALEXANDRA HO - By ALEXANDRA HO THE government did not have a mega integrated resort in mind when the issue of a casino was first mooted, Prime Minister Lee Hsien Loong revealed at a dialogue session with grassroots and religious leaders on Tuesday. "We started496 words
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300 2005-04-28 11 RONNIE LIM - By RONNIE LIM SINGAPORE'S Jurong Island is among several investment sites including Terengganu, and Houston in the US which UKbased global plastics producer Lucite International is evaluating for a state-of-the-art petrochemicals plant which will use environmentally friendlier feedstocks to produce acrylicbased products. The300 words
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258 2005-04-28 11 A GOOD class bungalow in Bin Tong Park, off Holland Road in district 10, is up for sale. The asking price is $8.5 million to $9.5 million. That works out to $324 per square foot, for a land area of 26,254 sq ft.258 words
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Advertisement33 2005-04-28 11 aNp botHzT" I mm ffim. fi mmm onm sttcwAewt vv*z* lUlmw irm and Tel: *****755 Opening Hours: Nlon-Iri 10jm to 7pm, S.it IOjiii to 3pin, Closed on Sun PH \\HILL STOL K. LAST.33 words
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FOCUS: INDUSTRIES
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Article, Illustration918 2005-04-28 12 CHUANG PECK MING - FURNITURE INDUSTRY Far from dying out as a sunset industry, the local furniture trade has transformed itself from a local to a global player with double-digit sales growth. CHUANG PECK MING reports CHUANG PECK MING FOR an industry that has been written off as a sunsetFILE PHOTO - 918 words
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Advertisement199 2005-04-28 12 THE BUSINESS TIMES/BALL CONTEST 3 (COUPON 1B) Please complete and send in Coupon 1A&1B (featured in' The Business Times on 21 and 28 April). It could win you a 801 l timepiece. Organised by Qpl: How long do the setfpowered micro gas lights of Bod watches last? j j p199 words
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ECONOMY WATCH
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Article516 2005-04-28 13 But deceleration will lead to sustainable, balanced growth path, says World Bank Reuters [WASHINGTON] China's economy is heading for a soft landing although there is a good deal of uncertainty about the next stage of its economic cycle, the World Bank said on yesterday. RecentReuters - 516 words
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Article, Illustration527 2005-04-28 13 Bloomberg [WASHINGTON] The World Bank raised its 2005 economic growth forecast for East Asia to 6 per cent from a November estimate of 5.9 per cent, citing stronger-than-expected expansion in China. "China has confounded all of our expectations," Homi Kharas, theBloomberg; AP - 527 words
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399 2005-04-28 13 AFP {HANOI] Economic ministers from South-east Asian nations ended a meeting in Vietnam yesterday agreeing to study a potential free trade agreement (FTA) with the European Union, a joint statement said. Ministers or senior officials from the 10 Asean countries met EUAFP - 399 words
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Advertisement35 2005-04-28 13 t»*" k kV <*#» **<,*<* at Hi i «-^rp kt# sr^7(~y^ vm yaHMrtrrTii pfo Mk I rL. Eoiiltil k r i i s 4 i BRfypoi -j^^aw •> raHAMB r r* —i 4 v* v3l >• -—I is H35 words
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MALAYSIA/INDONESIA
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757 2005-04-28 14 S JAYASANKARAN - Move may push up M'sian product prices and create international furore By S JAYASANKARAN in Kuala Lumpur CONTROVERSY is brewing over a Malaysian government decision to award a little-known private company a concession to securitylabel medical products and prescription drugs, an arrangement757 words
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243 2005-04-28 14 [JAKARTA] The Indonesian government will make management changes at stateowned PT Bank Mandiri, the nation's biggest lender, the minister overseeing state enterprises said yesterday amid an investigation of loans at the bank. The government plans to change Mandiri's managers at an annual shareholders' meeting on243 words
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NOTE BOOK
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88 2005-04-28 14 Reuters I# I Vll% 0111 llll%J f V /V [TAIPEI] UMC, the world's second-largest contract chip maker, posted a 78 per cent drop in profit to Tsl. 52 billion (Ss79 million) for the January-March quarter. It said an industry slump had hit bottom butReuters - 88 words
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Article72 2005-04-28 14 AFP [BEIJING] China ruled yesterday that Hong Kong's next chief executive should serve two years instead of five, in a move critics say undermines the rule of law in the former British colony. "The term of office of the next HKSAR (Hong Kong Special AdministrativeAFP - 72 words
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39 2005-04-28 14 Reuters [MANILA] Chinese President Hu Jintao reaffirmed burgeoning ties with the Philippines yesterday by agreeing to investments and loans worth US$l.6 billion to fund infrastructure and mining projects in the South-east Asian nation.Reuters - 39 words
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60 2005-04-28 14 Reuters [SHANGHAI] Merchants Bank Co Ltd posted a seventh straight quarter of double-digit earnings growth, beating forecasts with a 30 per cent jump as China's top listed lender kept up loans growth despite Beijing's campaign to slow the economy. The bank posted netReuters - 60 words
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Article, Illustration493 2005-04-28 14 PAULINE NG - By PAULINE NG in Kuala Lumpur IN THE current diesel shortage, a window of opportunity to scrap costly fuel subsidies in exchange for abolishing road tax may be an option that the Malaysian government will have to consider. That was one of theAFP - 493 words
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Page 14 Advertisements
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Advertisement71 2005-04-28 14 Q J i 4 musical tour de force that strikes a chord with opera fans; pop lovers and rock enthusiasts! May 11 12 Esplanade Theatre $38, $58, $68, $88, $98, $118 (SISTIC charges apply) SISTIC Hotline 6348 5555 or online www.sistic.com.sg For corporate hospitality packages, please call 6253 5746 o^|||<71 words
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GREATER CHINA/INDIA
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Article, Illustration369 2005-04-28 15 Move follows CAO debacle and seeks to prevent more bankruptcies AP [SHANGHAI] China will tighten supervision of state companies with operations overseas as part of an effort to prevent abuses and control risks following the near bankruptcy of the country's main jet fuel supplierAP; REUTERS - 369 words
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280 2005-04-28 15 AFP [BEIJING] Foreign banks operating in China may soon face new rules curbing their spread along the country's prosperous and lucrative eastern seaboard, state media said yesterday. The rules will encourage foreign lenders to do business in China's lessAFP - 280 words
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412 2005-04-28 15 [HONG KONG] The Industrial and Commercial Bank of China (ICBC), allocated US$l5 billion in government bailout funds last week, will soon invite the country's four state-owned asset management companies to bid for more than 450 billion yuan (5589.6 billion) of412 words
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Article, Illustration642 2005-04-28 15 HK Disneyland pays heed to local ways as it courts Asia NYT [NEW YORK] When building the new entrance to Hong Kong Disneyland, Walt Disney executives decided to shift the angle of the front gate by 12 degrees. They did so after consulting aNYT; REUTERS - 642 words
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Article, Illustration381 2005-04-28 15 Reuters [MUMßAl] The vice-chair-man of Reliance Industries Ltd, Anil Ambani, said yesterday that he was being sidelined by the board of the Indian energy and petrochemicals company. Speaking to reporters just minutes before the board of India's secondlargest company met to consider financialReuters - 381 words
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169 2005-04-28 15 [HAMBURG] Tata Consultancy Services (TCS), India's biggest IT service provider, is hoping to break into the European market by opening new plants, the Financial Times website reported yesterday. TCS will open at least three new plants in Germany, two likely169 words
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Advertisement960 2005-04-28 15 Notices Deutsche Bank IZI DEUTSCHE BANK AG, LONDON BRANCH (Incorporated under the laws of the Federal Republic of Germany) NOTICE TO WARRANTHOLDERS To: (1) ALL HOLDERS OF EUROPEAN STYLE CASH SETTLED CALL WARRANTS RELATING TO THE ORDINARY SHARES OF SINGAPORE AIRLINES LIMITED ISSUED BY DEUTSCHE BANK AG. LONDON BRANCH (SIA960 words
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ASIA-PACIFIC
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533 2005-04-28 16 Sliding product prices are weighing on margins in the firm's electronics division Bloomberg Reuters [TOKYO] Sony Corp yesterday reported the biggest loss in two years in its fiscal fourth quarter on falling prices of flat-panel televisions and digital music players. The netBloomberg; Reuters - 533 words
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Article, Illustration814 2005-04-28 16 ANTHONY ROWLEY - ASIA INSIGHT Balanced and sustainable development demands that ANTHONY ROWLEY Tokyo Correspondent WHAT is "development" really about? I found myself pondering the question under pressure this week when asked to deliver comments to specialists from around Asia about my impressions from having814 words
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165 2005-04-28 16 LATEST US INDICATORS AP Bloomberg Reuters [WASHINGTON] Orders to US factories for big-ticket manufactured goods plunged 2.8 per cent in March as orders for aircraft also fell sharply, the biggest setback in 2V4 years and the third straight decline, the Commerce DepartmentAP; Bloomberg; Reuters - 165 words
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WORLD WATCH
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Article54 2005-04-28 16 Reuters [SAN FRANCISCO] European chipmaker STMicroelectronics NV swung to a net loss from a year-ago profit on Tuesday, hit by plant closing costs and weak sales as price pressures ate into profit margins. The company posted a net loss for the first quarter ended April 2Reuters - 54 words
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56 2005-04-28 16 Reuters [NEW YORK] Station Casinos Inc. a gambling operator catering to Las Vegas residents, yesterday posted a better-than-expected Q1 profit as the city's economy boomed. It reported net income of US$4O.6 million compared with a year-earlier net loss of US$29.B million, which includedReuters - 56 words
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61 2005-04-28 16 AFP [TOKYO] Japanese computer giant NEC said yesterday its net profit for the year to March rose 65.2 per cent as gains from the listing of its Elpida Memory chip affiliate offset sluggish sales of mobile phones and chips. NEC postedAFP - 61 words
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51 2005-04-28 16 Reuters [COPENHAGEN] The board of Denmark's ISS said yesterday its shareholders should accept a US$3.B billion bid by Goldman Sachs Capital Partners and Sweden-based EQT for the cleaning and services group as no other buyers had materialised with the offer deadline six davsReuters - 51 words
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42 2005-04-28 16 Reuters [LONDON/PARIS] Lazard's long-awaited initial public offering will take place on the New York Stock Exchange on May 5, a source said yesterday, ending the bank's 157 years as a global partnership. —ReutersReuters - 42 words
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549 2005-04-28 17 Penalties are for auditing work done at Adelphia Communications Reuters NYT [NEW YORK] Accounting firm Deloitte Touche LLP will pay a record US$5O million to resolve civil and administrative proceedings against it, the firm announced on Tuesday. The payments settle civil chargesReuters; NYT - 549 words
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304 2005-04-28 17 NYT [NEW YORK] Two independent Morgan Stanley directors interviewed a number of senior executives throughout the firm on Tuesday to gauge sentiment at the divided Wall Street house. The talks, unorthodox by any measure, signal a growing concern on the part ofNYT - 304 words
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Article, Illustration367 2005-04-28 17 NYSE TANGLE NYT [NEW YORK] The investment banks being wooed to consider a rival bid for the New York Stock Exchange softened their tone on Tuesday, agreeing to study the deal's value on their own and eschewing a more formal groupNYT; AP - 367 words
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442 2005-04-28 17 Value of its stake in Archipelago has increased US$77m Bloomberg [NEW YORK] Goldman Sachs' financial rewards for arranging the New York Stock Exchange's purchase of Archipelago Holdings that has sparked a controversy exceed US$lOO million. Archipelago will pay Goldman US$3.5 million forBloomberg - 442 words
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263 2005-04-28 17 Reuters [SAN FRANCISCO] Online retailer Amazon.com on Tuesday posted a lower quarterly profit despite a 24 per cent rise in revenue as higher shipping costs, increased technology spending and higher taxes offset higher sales. Amazon also said operating income would drop asReuters - 263 words
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Advertisement1506 2005-04-28 16 Notices Deutsche Bank DEUTSCHE BANK AG, LONDON BRANCH (Incorporated under the laws of the Federal Republic of Germany) NOTICE TO WARRANTHOLDERS To: (1) ALL HOLDERS OF EUROPEAN STYLE CASH SETTLED CALL WARRANTS RELATING TO THE ORDINARY SHARES OF DBS GROUP HOLDINGS LTD ISSUED BY DEUTSCHE BANK AG, LONDON BRANCH (DBS1,506 words
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Advertisement873 2005-04-28 16 IN THE MATTER OF THE COMPANIES ACT CAP 50 AND IN THE MATTER OF O A W INDUSTRIES PTE LTD (Co. Reg. No. *****3582K) NOTICE OF RESOLUTIONS FOR MEMBERS'VOLUNTARY WINDING-UP (Pursuant to Section 290) Al the Extraordinary General Meeting of the members of the above-named i Company, duly convened and873 words
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Advertisement254 2005-04-28 17 4-.rv j! ma j Diners Club Credit Card Where to wine 9 dine nnd entertHin... 60 Reasons To Feast Again Savour delectable dishes in our popular '60 Dishes Deluxe Feast' such as Braised Shark's Fin Soup with Crabmeat. Shredded Pork with Garlic Chilli Sauce, Chengdu Diced Chicken with Spicy Bean254 words
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Advertisement13 2005-04-28 17 Fresh jobs everyday Read our newspapers for a fresh set of jobs everyday!13 words
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AVIATION
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Article, Illustration963 2005-04-28 18 Thousands cheer as the superjet completes four-hour maiden flight AP Reuters [BLAGNAC, France] The world's largest passenger plane, the Airbus A3BO, completed its maiden flight yesterday, a milestone for aviation and the European aircraft maker. The giant plane touched down to applause at 2.22 pmAP; Reuters - 963 words
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536 2005-04-28 18 VEN SREENIVASAN - Airline earns US$637m on revenue of US$4.9b By VEN SREENIVASAN [SINGAPORE] Dubai-based Emirates Group has announced a 49 per cent leap in net profits to US$7OB million for the financial year ended March 31, 2005. Group revenue increased 36 per cent to536 words
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184 2005-04-28 18 Bloomberg [CHICAGO] A United Airlines flight was cleared by the FBI to continue service to San Francisco on Tuesday after being diverted to Chicago because of crew members' suspicions about a passenger. United Flight 27, from New York's JFK International Airport, landed atBloomberg - 184 words
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Article397 2005-04-28 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
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SHIPPING
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Article, Illustration874 2005-04-28 19 DONALD URQUHART - Singapore and Indonesian defence chiefs discuss straits security By DONALD URQUHART [SINGAPORE] Malaysia's new coast guard will hit the water in June, just as pirates in the region began staging increasingly daring attacks, including a hijacking and bungled million-dollar-cargo theft overAFP FILE PHOTO - 874 words
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Article, Illustration43 2005-04-28 19 [ALANG. India] The former Danish ferry Kong Frederik IX, renamed Riky, lies anchored offAlang Ship Breaking Yard, around 265 km south of Ahmadabad, India. The ship, which allegedly carries carcinogenic asbestos insulation, arrived in India for scrapping despite international protest APAP - 43 words
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253 2005-04-28 19 AFP [KUALA LUMPUR] Any ship providing private armed escort services to merchant vessels in the pirate-infested Malacca Strait will be detained, a top Malaysian security official said in remarks published yesterday. Director of internal security Othman Talib was responding to reports earlier this month thatAFP - 253 words
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395 2005-04-28 19 Reuters [SEOUL] Asian shipping rates for dry bulk cargoes dropped to a three-month low this week due to lower demand to carry panamax and handy-size cargoes, particularly from China, brokers said. Ship owners are also cutting offers to lure demand this weekReuters - 395 words
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601 2005-04-28 19 DONALD URQUHART - By DONALD URQUHART [SINGAPORE] Canada has given the go-ahead for a new Css3o million (Ss7o4 million) container terminal at its northern-most port city of Prince Rupert, as container terminals up and down the lengthy North American coastline literally burst at the seams601 words
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Page 19 Advertisements
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Advertisement1070 2005-04-28 19 To call 101 l free 1800 289 8822 E—II; aoticct#»ph.com.»g In the matter of The Companies Act, Cap 50 And In the matter of JAZWORKS INDUSTRIES PTE LTD (Company No. *****0070E) (In Members' Voluntary Liquidation) At an Extraordinary General Meeting of the members of the obovenamed Company, duly convened and1,070 words
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EDITORIAL & OPINION
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Article, Illustration912 2005-04-28 20 PATRICIA YIM - Developing countries are fast catching up with developed nations in the use of IT By PATRICIA YIM PUNDITS once warned of a "global digital divide", in which dramatic persistent disparities in IT access all but assured a widening of the gap between the technological haves andAFP - 912 words
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Article540 2005-04-28 20 EDITORIAL LOOKING at the current debate in mainland China among the media, developers and the government on property prices, you'd be forgiven for thinking you're reading about Hong Kong. Indeed, few issues in Chinese society except political ones involving the country's relations with foreign powers have540 words
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Article, Illustration754 2005-04-28 20 YOGI AGGARWAL - THE BOTTOM LINE YOGI AGGARWAL AS the diplomatic dust settles after the visit of Chinese Premier Wen Jiabao to India, it is clear that there were no surprises in outcomes. There were the usual declarations of friendship and goodwill and some754 words
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Article, Illustration883 2005-04-28 21 LEON HADAR - Anti-free trade sentiment is directed against China and may also hit Latin America LEON HADAR Washington Correspondent IT'S spring in Washington but when it comes to free traders in the US capital it feels more like a winter of discontent. Against the backdrop ofREUTERS - 883 words
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414 2005-04-28 21 Ng Chee Leng Singapore - LETTERS TO THE EDITOR Ng Chee Leng Singapore "PRIVATE home prices in Singapore set to rise", "Property prices have bottomed out", etc. These were the many headlines we have read in nearly all the newspapers recently. But most Singaporeans know that the reality is far414 words
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201 2005-04-28 21 Woo Kah Wai - Woo Kah Wai Company Secretary Accord Customer Care Solutions WE refer to the report "ACCS may see management change" carried in the Business Times on April 27,2005. We wish to clarify the following facts reported in the above-men-tioned newspaper article report. There has to201 words
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606 2005-04-28 21 MARK HULBERT - By MARK HULBERT NYT YOU'VE probably heard the predictions that a prolonged bear market will begin as America's baby boomers retire and sell their stocks. While the historical record provides some support for such a view, a new study suggests that theNYT - 606 words
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Advertisement20 2005-04-28 21 11 manager I II online I B I I K 11 bikini I hb •TTTiTo rr*TifmT*i I t*yi > i*yi yi >^^^20 words
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Page 21 Miscellaneous
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Miscellaneous333 2005-04-28 21 CRYPTIC CROSSWORD Ar-Rcm ing roots (8) 3 Imagine losing one puzzle! 7 Tinned tuna, not new but (6) fresh! (9) 4 Salamander women caught 8 Nervous victory, definitely in trap (4) hollow (5) 5 Evil and good the French 10 Troublesome victory old are undivided (6) flame at home with333 words
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Article2572 2005-04-28 22 SGX XTRANET U-M Ta) Latt Vol Day LaitQuote GrOhr Mv GrVId Nat MCao Wgh law Coda Company Sala COOP) Wflh Low Iwyar Sa«af Cvr WI W ********** 6065 Diamonds US*****aJ 2000 ***** 6095 IS DJ US Tech US3740 6097 IS MSCI Spore US555 6101 ISS4PSOO US8270 6170 SPDRS2,572 words
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Article3403 2005-04-28 23 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local curr In SS In USS dy yr dy %yr dy Syr Apr 26 Index Change Change Change Change Change Change World Index Preliminary 838.1 0.0 -1.7 -0.1 -2.3 -0.2 -32 EAFE Preliminary 777.4 -0.2 0.6 -0.4 -1.6 -05 -2.5 Europe 1078.63,403 words
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Page 24 Advertisements
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Advertisement1861 2005-04-28 24 IMPORT NORTH AMERICA AUSTRALIA/NEW ZEALAND I ISUPER SHUTTLE EXPRESS (SSX) i AUSTRALIA ASIA EXPRESS (AAX) YtSSEI VOY LGB SIN PKG 111 111 1 OOCL HAMBURG 10W14 13/04 01/05 03/05 *21 5* §1? 55 5! OOCI TIANJIN 01W15 20/04 08/05 10/05 PtO NIDUOYD ADEUIOE I9N OMIT 11/04 20/04 22/04 24/04 01/051,861 words
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Advertisement795 2005-04-28 24 INTtRASIA RORO SERVICE vissa/voT urnoro hbghtw kg kch m m m STIAITS EXPtESS 3t 30 4.25 23/04 2S/04 27/04 STUITS VENTURE Of/OS 15 3.2 22/04 01/05 03/05 05/05 [STRAITS VENTURE 10/05 15 3.2 07/05 10/05 I AUSTRALIAN KOKO SCXVId vßsa/vor urnm hbghtqh) ilo is* jkt m stp m m m|sw795 words
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Page 25 Advertisements
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Advertisement1144 2005-04-28 25 MOL Combines a range of shipping modes to ensure timely, reliable services covering major ports in Norm America, Europe, Japan, Asia, Africa Oceania. Also accept hrtra*Asia Cargoes tot BUSAN KWANGYANG SHANGHAI YANTIAN XiAMBI QMGDAO BEIAWAN J JAKARTA SURABAYA KAOHSHJNG BANGKOK LAHH CHABANG mKHIUHNH PASffi GUDANG PDiAMG PORT KHANG For Schedules,1,144 words
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Advertisement1186 2005-04-28 25 VESSEL VOY SIN PGU HCM HKG* KYH PUS VESSEL VOY TP PKG GQIDEN TRADE SO6H 2/5 4/S 6/S HEW DYNAMIC 086 A 02/5 14/5 KUOLUWG 009N 10/5 11/5 13/5 KKTH BRIDGE 079 A 5/5 7/5 GOLDEN GATE 507N 17/S )j/5 20/5 NEW DYNAMIC OBOA _JI9/5_ 21/5 Going HKG Mif-Stnam *VS(.1,186 words
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Advertisement806 2005-04-28 25 W 3®as&« WEEKLY EXPRESS SAILING SCHEDULE I ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICD POINTS] VESSEL I VOY I SIN I PJUANGI COiO—O| H. SHIVA COLOMBO 1 IHDliu GAHDHI j 0093W 1 23 MAY |24 MAY j 27 WAY j 30 WT 02 JUN ALSO ACOPTM6 Fa TO COCHM.806 words
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Advertisement765 2005-04-28 26 WALLENIUS WILHELMSEN website: http://www.2wglobal.tom VESSEL VOY RAMP HEIGHT SIN LBC ~MAO~ HOU« "liA SAV »Al OHF NYC NEW MO» TAMPERE ALSI2 400Tms 6.3 M 02/0S 09/04 13/06 16/06 14/06 TAMPA AFSII 420 Tons 6.4 M 06/0S 30/0S 09/06 13/06 17/06 15/06 19/06 TARAGO AFSI2 320 Tons 6.4 M 13/05 9/06765 words
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Advertisement2009 2005-04-28 26 VESSEL VOY SIN PGU *Q1 iM JC p A c BANDA usin n~/M niu~ rumim Aiii am urn— PM, »*HP» MSWI IV<* W/W_ fl( |ALI 01 /OS 04/ OS CSF 2301 01 HP 29/04 30/04 pac mmtaii S2SZ oa/os ot/os PAC lANPA 1459N 30/04 01/05 CSf 2301 0114P 01/05 02/052,009 words
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THE BUSINESS TIMES SHIPPING TIMES
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BizIT
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Article, Illustration673 2005-04-28 28 RAJU CHELLAM - BT exclusive Republic should aim to be training, access and support hub for Asia's expanding wafer fab market, SEMI chief Stanley Myers tells RAJU CHELLAM RAJU CHELLAM SINGAPORE is an ideal location to act as a "wafer fab hub" for the Asia-Pacific region,673 words
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410 2005-04-28 28 RAJU CHELLAM - By RAJU CHELLAM THE current dip in global chip equipment sales isn't just a cyclical blip but the beginning of a downward trend, although the downswing will be milder than in past years, according to researcher Gartner Inc. In its latest study, Gartner says410 words
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Article, Illustration480 2005-04-28 28 AMIT ROY CHOUDHURY - By AMIT ROY CHOUDHURY SYBASE, a leading provider of enterprise infrastructure and wireless software, yesterday opened a centre in Singapore to develop and test wireless solutions. It will be the first such centre for Sybase outside the US. The company will initially invest480 words
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141 2005-04-28 28 Bloomberg [SAN FRANCISCO] Time Warner Inc's Turner Broadcasting unit, owner of the CNN and Cartoon Network cabletelevision channels, is offering a service that allows computer users to download and play video games. The "Game Tap" service will offer 300 computer games when it startsBloomberg - 141 words
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220 2005-04-28 28 RAJU CHELLAM - By RAJU CHELLAM RESEARCH house International Data Corp (IDC) has appointed Eva Au as managing director of IDC's Asia-Pacific operations outside of Japan. Ms Au, who will be based in Singapore, replaces Piyush Singh, who has taken up another IDC position in India.220 words
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364 2005-04-28 28 AMIT ROY CHOUDHURY - By AMIT ROY CHOUDHURY THE Infocomm Development Authority of Singapore (IDA) said it will hold an auction for the 25 lots it has offered for wireless broadband access (WBA) since demand exceeds plyThe auction will commence on May 16. At the close of364 words
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585 2005-04-28 28 AP [SAN FRANCISCO] Apple Computer Inc has retaliated against the publisher of an upcoming unauthorised biography about chief executive Steve Jobs by removing dozens of other technology books sold by the publisher from Apple stores around the world. Apple removed the booksAP - 585 words
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Page 28 Advertisements
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Advertisement33 2005-04-28 28 Gartner expects capital equipment spending to drop to U5533.22 billion this year. Next year, spending will slide further to U5531.07 billion, before recovering to U5536.21 billion in 2007 and U5548.72 billion in 2008.33 words
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PROPERTY
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258 2005-04-28 29 [SHANGHAI] The Shanghai municipal government suspended a tender for a prime development site on Tuesday following pressure from the central government, the South China Morning Post reported sources as saying. The site, on the Pudong side of the Huangpu river, is next to Shimao258 words
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182 2005-04-28 29 Bloomberg [BEIJING] China's banking regulator has warned lenders to curb loans used to buy luxury real estate because occupancy rates are low and supply is too high, boosting the risks of default. The China Banking Regulatory Commission has ordered its localBloomberg - 182 words
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Article, Illustration637 2005-04-28 29 Slowdown suggests cooling measures finally working, but overkill a concern [SHANGHAI] Hurt by curbs on bank lending and a capital gains tax, property prices in Shanghai, China's most expensive city, have started to fall after an eightyear bull run, the SouthREUTERS FILE PHOTO - 637 words
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468 2005-04-28 29 Reuters [HONG KONG] Stock investors looking for bargains in Hong Kong's shopping boom may find better deals at the city's commercial landlords. Cash registers are ringing as mainland Chinese tourists flock to the city and local consumers loosen their purse-strings, allowing buildingReuters - 468 words
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Article, Illustration341 2005-04-28 30 KALPANA RASHIWALA - Also coming under the hammer are two detached factories in Tuas By KALPANA RASHIWALA A 56,355 sq ft freehold site in Yio Chu Kang will go under the hammer next month. Sources say the taxman is putting it up for sale341 words
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Article, Illustration563 2005-04-28 30 ALEXANDRA HO - By ALEXANDRA HO YOU'RE terribly ill and fidgeting on a cold plastic seat under stark lighting, wondering if you should pick up a grubby, outdated magazine as you wait an eternity for someone to call your number so you can finally see563 words
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1113 2005-04-28 30 Brought to you by HSBC M PROJECT KAMt/ PROP CONTRACT TENURE BUILT-IN/LAND PRICE PSf STREET NAME TYPE OATt AR€A*{SQ fT) (SVOOO) (5$) District 01 NON-LANDED Riverside Piazza Apt 25/02/2005 99 1012 425 420 The Sail At Marina Bay Apt1,113 words
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Page 29 Advertisements
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Advertisement57 2005-04-28 29 HB ROBINSON Prime office space for lease 1,700 to 8,000 sq ft 5 minutes to MRT Competitive rental Call 6748 7522 for enquiries HO BEE GROUP We've made a haul! Share the good news with your investors Releasing a financial statement? Call 1800 289 8822 or email notices@sph.com .sg to57 words
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Advertisement140 2005-04-28 29 PATERSON ROAD DEVELOPMENT SITE FOR SALE BY TENDER TH I I .ft.** Prime location off Paterson /Si \A Road I*l liMrZr Freehold J£l K jm C Approximately 100,000 sq ft hTTL. Plot ratio 2.1 gsu ar--S§i? Height control up to t 24 storeys USS A//r/yjSSffa. w*— Excellent unobstructed a SS2Z&S140 words
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Advertisement57 2005-04-28 29 I v '< lf,| m jm J 1 < j \I&A--t/k~ flil hvi rlPflii Freehold Strata Bungalow freehold spacious 4 bedroom study 9,311 sq ft strata area private pool and garden charming and quiet surroundings contemporary design Tel: (65) 6836 6635 9025 0570 178 Trevose Cresent A Premier Development of.57 words
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Advertisement56 2005-04-28 30 Receive money on the same day Til 9110 VI f| Lower remittance charges lICIIICIIIU Personalised service IHflflllOQisi Collection service available lIIUUIICOIO Pay by Internet banking, ATM p mjy transfer,cheques,etc Qf mGPL Remittance Pte Ltd Golden Mile Complex, 5001 Beach Road 01-77 A Singapore *****8 web: www.gpl.com.sg nrmrrmsi Open daily: nonn56 words
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Advertisement108 2005-04-28 30 I Got the right home? Now get the right home loan. Buying a house in Singapore is a heavy investment. However, you can still have the freedom to live life the way you want, with HSBC home loans. Enjoy these benefits when you take up an HSBC home loan: Competitive108 words
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