The Business Times, 30 April 2005

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Microfilm: NL26167
Total Pages: 26
1 26 The Business Times
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  • Title Section
    Lock icon Masthead
    20 1 THE BUSINESS TIMES weekend MKAmonmoQs SINGAPORE ft CM* April 30 M.iy 1. 200S online .il htl|> hu\inrss times .nutl u>m\i|
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  • Article, Illustration
    Lock icon Eighth Wonder goes for ninth
    599 1  -  It's roped in Starwood chain for Sentosa bid By ALEXANDRA HO [SINGAPORE] When New York New York Hotel and Casino opened in Las Vegas in 1997, it started the craze for city-themed casino resorts on the Strip, notably Paris Las Vegas and The Venetian Resort.
    ARTHUR LEE  -  599 words
  • Article
    Lock icon S'pore Q1 jobless rate falls to 3.9%
    600 1  -  Fewer jobs created but second half likely to fare better By JEAN CHUA [SINGAPORE] Singapore's unemployment rate fell to 3.9 per cent in the first three months of this year, from 4.5 per cent in Q1 last year. But the number of new
    600 words
  • Article
    Lock icon EU could decide on Asean FTA by early '06: top trade official
    505 1  -  Regional trade agreements can complement multilateral accords By VIKRAM KHANNA [SINGAPORE] Forging deeper trade ties with a resurgent Asia is a priority for the European Union, and the process could start with a free trade agreement (FTA) with
    505 words
  • Article, Illustration
    Lock icon RUN, SINGAPORE, RUN
    30 1 Singapore saw one of its biggest corporate races on Wednesday. In Pages 14 and 15, we retell the story of the race and its participants in pictures.
    30 words
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  • TOP STORIES
    • Article
      Lock icon China, Japan must settle textbook dispute: MM Lee
      377 2  -  WORLD ECONOMIC FORUM He calls for both sides to get the facts about their past right to avoid more political tension Reports by CHUANG PECK MING [SINGAPORE) The spat between China and Japan over the latter's controversial revision of history textbooks could
      377 words
    • Article, Illustration
      Lock icon Wynn Vegas updates casino model
      696 2  -  LIGHT REED CHRISTOPHER REED EVERYONE wants to win in Las Vegas some even believe they will but after the opening there of his US$2.7 billion new hotelcasino complete with a man-made mountain and a 21-metre waterfall, it's Wynn, Wynn all the way and perhaps to
      REUTERS  -  696 words
    • Article
      Lock icon $1.17b withdrawn from CPF for public housing
      346 2  -  Surge in HDB resale flat applications a factor in Q1 rise By KALPANA RASHIWALA [SINGAPORF] Some $1.17 billion of Central Provident Fund (CPF) savings were withdrawn to help fund the purchase of public housing in the first quarter of this year a 36
      346 words
    • Article
      Lock icon MARKETS DIGEST
      137 2 ST! 2,125.25 (-14.99) ST INDEX FUTURES 2,116.00 (-25.00) SIMSO 251.14 (-2.44) SIMSO FUTURES 249.80 (-4.30) MARKETS Friday Change KLSECOMP 878% +5.11 NIKKEI 225 Closed HANG SENG 13.908.97 -0.45 SET INDEX 658.88 -0.36 JAKARTA COMP 1,029.61 -8.74 MANILA COMP 1,854.63 +16.47 SEOUL COMP 911.30 -6.43 SHENZHEN B 251.32 -3.63
      137 words
    • Article
      Lock icon World faces talent shortage, social instability: forum
      418 2 [SINGAPOBE] Participants at the World Economic Forum (WEF) yesterday wrapped up the two-day event by identifying two big challenges ahead: a shortage of talent, and social instability. A straw poll showed that over a third (37.3 per cent) of the participants made up
      418 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      639 2 DBS' Q1 profit falls 15%, but shareholders cheered DBS Group, South-east Asia's biggest bank, reported a worse-than-expected 15 per cent drop in first-quarter net profit to $412 million. It also kicked off its quarterly dividend programme with a maiden payout of! 1 cents a share, which cheered shareholders.
      639 words
  • Page 2 Advertisements
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      Lock icon Page 2 Advertisements Column 1
      148 2 6 PLOTS or LAND AT TAMGLM VICINITY Elevated or flat land, panoramic view, facing greenery, quiet environment Land sizes available are *****sqft, *****sqft, *****sqft, *****0sqft BUNGLOW LAND FOR REBUILD Astrid Hill ***** sqft, hilltop Belmont ***** sqft, $5.2 M Bishopsgate ***** sqft, hilltop, wide frontage, panoramic view Cluny Hill *****
      148 words
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      Lock icon Page 2 Advertisements Column 2
      47 2 _n_p, r Vw OFIND r < THE ONES THAT FIT! C Recruit the right i people through The Straits Times Recruit Call 1800 289 8822 or email j J recruit@sph.com.sg to advertise. 1 L i c! pj' 1 jLassaiiii f u 1 Ui I -J A 3 i
      47 words
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  • RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon The integrationist
      2202 3  -  Haruhiko Kuroda, president of the Asian Development Bank, tells ANTHONY ROWLEY why economic integration is high on his to-do list ANTHONY ROWLEY m ABUHIKO Kuroda, the ref| cently-installed president of the Asian Development Bank ''"fiflf jl i W (ADB), is a man with a mission. He wants to
      BLOOMBERG  -  2,202 words
  • Page 3 Advertisements
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      65 3 Raffled INTERNATIONAL Hocels Resorts A Member of CapftaLend The Raffles Conversation is brought to you through a special arrangement with Raffles International Hotels and Resorts. The Traveller's Palm in the Raffles International logo is an apt symbol. Not only has water stored at the base of this palm provided sustenance,
      65 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon DBS' Q1 profit slides 15%
      857 4  -  EARNINGS RESULTS But shareholders cheered by quarterly dividend programme By SIOW LI SEN BANK shareholders continued their lovefest with directors at DBS Group's annual shareholders' meeting yesterday cheered no doubt by the quarterly dividend programme. This was despite DBS, South-east Asia's biggest bank, reporting a
      857 words
    • Article, Illustration
      Lock icon Small-cap rally elusive, mainly due to Wall St
      533 4  -  STOCKS R SIVANITHY Senior Correspondent A LITTLE over a month ago, brokers had high hopes for a small-cap rally of some sort. Valuations, it was said, had fallen to attractive levels while the charts looked oversold. .Patient investors with deep pockets were
      533 words
    • Article
      Lock icon Q1 earnings of UIC, SingLand fall
      279 4  -  Lower rental income behind poorer results By JOYCE KOH LOWER rental income dragged down United Industrial Corp's earnings in the first quarter, as did the absence of a one-time gain. UIC saw net profit drop 24 per cent year-on-year to $19 million for the
      279 words
    • COMPANY BRIEFS
      • Article
        Lock icon Charity to be renamed SPH Foundation
        76 4 PRESS Foundation of Singapore Ltd (PFS), a registered charity and an Institution of Public Character (IPC), will be renamed Singapore Press Holdings Foundation Ltd from May 1, 2005. The name change was approved by the boards of directors of PFS and Singapore Press Holdings,
        76 words
      • Article
        Lock icon Hotel Grand Central divests Johor unit
        81 4 HOTEL Grand Central Ltd is selling its 50 per cent equity interest in Grand Central Enterprises (Johore) Sdn Bhd (GCEJB) to Johor Corporation for RM18.5 million (S$8 million). The interest sold comprises six million shares and nine million preference shares, all of RM1 each.
        81 words
    • OTHER RESULTS
      • Article
        Lock icon Raffles Hldgs Q1 gains up 128% at $11.1m
        57 4 RAFFLES Holdings yesterday reported a 9 per cent jump in turnover to $138.6 million from $127.6 million for the first three months of the year. Net profit was up 128 per cent at $11.1 million. This significant improvement in performance has been
        57 words
      • Article
        Lock icon Lower tax write-back hits SMRTQ4 profit
        110 4 SMRT Corp yesterday reported a 47.6 per cent fall in fourth-quarter net profit to $21.7 million from the previous Q4, due to significantly lower tax write-backs. Excluding tax write-backs in both periods, net profit would have been lower by $1 million or 5.2 per
        110 words
      • Article
        Lock icon SP Chemicals doubles Q1 profit to 56m yuan
        49 4 SP Chemicals, formerly Singpu Chemicals, has more than doubled its first-quarter earnings to 55.7 million yuan (S$l 1.1 million) from 26.3 million yuan. Revenue rose 55 per cent to 312.8 million yuan. SP is the third-largest ion-membrane chlor-alkali producer in China.
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    • GRAPEVINE
      • Article
        Lock icon Wee miss you ...
        79 4 Wee miss you SEASONED banker Wee Cho Yaw of United Overseas Bank may have attended countless company meetings, but he still enjoys his encounters with minority shareholders. He did not lose his cool although he was grilled by minority shareholders at UOB's annual general meeting earlier this week. And Mr
        79 words
      • Article
        Lock icon ... and applause at DBS
        51 4 and applause at DBS MR Sheth also made it to the DBS Group Holdings' shareholders' meeting yesterday. He commented at some length on the bank results and dividend policy. When he got up to leave before the meeting was over, bank chairman S Dhanabalan led a round of applause for
        51 words
      • Article
        Lock icon Colourful rivals
        107 4 IN the fiercely competitive telecoms market, every little thing counts. On Thursday, the High Court gave its judgment on Singapore Telecom's dispute with Star Hub subsidiary SCV over a network lease agreement. The judge ruled that while SCV had breached the agreement, Sing Tel was not entitled to
        107 words
    • Article
      Lock icon Potential US$3.4b yield for SPC from Indon project
      360 4  -  By RONNIE LIM IN what could turn out to be its biggest oil exploration prospect so far, Singapore Petroleum Company is pumping in US$23 million building up to US$2OO million to get on board an Indonesian project that could reap it more
      360 words
    • Article
      Lock icon CapitaLand sells wholly owned Premas for $62m
      271 4  -  By KALPANA RASHIWALA CAPITALAND is selling its wholly owned property and facilities management arm, Premas International, for $62 million to United Group, a diversified services company listed on the Australian Stock Exchange. Unveiling this yesterday, the Singapore-listed property giant said that it expects
      271 words
  • Page 4 Advertisements
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      Lock icon Page 4 Advertisements Column 1
      121 4 Call toll-free 1800 289 8822/ Email recrultOsph.com.sg A Singapore-based OIL TRADING COMPANY is expanding rapidly into the downstream oil gas field. We have an immediate vacancy for a PROJECT MANAGER who can lead a small team of people to work in all aspects of the projects from inception to completion.
      121 words
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  • PERSONAL INVESTMENT
    • Article, Illustration
      Lock icon How to beat the professionals
      1430 5  -  SHOW ME THE MONEY Besides picking the right stocks, the trick lies in having an equally weighted portfolio. This tackles the flaw in fund managers' market cap-weighted approach TEH HOOI LING Senior Correspondent WANT to beat the professionally managed funds? Well, it's not that difficult.
      FILE PHOTO  -  1,430 words
    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      1023 5 For week beginning Apr 25 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS Subsantial Buy No of Price SHAREHOLDING Trans Shareholder Sell Shares Per Before After Stock Date Direttor Coiw '000 Shr C000) COOP) Techcomp 28-Apr-05 Lo Yah Keung Sell 6600 0.24 ***** 55.55 ***** 50.66 Hotel Plaza 28-Apr-05 UOL Buy
      1,023 words
    • Article, Illustration
      Lock icon BROKERS' TAKE
      810 5  -  Compiled by JOYCE KOH Fu Yu Corp April 29 dose: 52 cents PHILLIP SECURITIES. April 29 FU Yu Corp reported Q1 net profit of $4.8 million (-58.8 per cent year-on-year, -84.2 per cent q-o-q). Adjusting for a $1.6 million writeback of doubtftil debt, and $1 million of forex
      Source: Bloomberg  -  810 words
  • Page 5 Advertisements
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      Lock icon Page 5 Advertisements Column 1
      452 5 JJ^J2Q^^JJJ|i^T^dvertis^alUol^je^Be^B^B2^^m^l^otices®2hxomusg Deutsche Bank m DEUTSCHE BANK AG, LONDON BRANCH (Incorporated under the laws of the Federal Republic of Germany) NOTICE TO WARRANTHOLDERS To all holders of 50,000,000 European Style Cash Settled Call Warrants expiring on 15 September 2005 relating to the ordinary shares of SembCorp Logistics Ltd (SEMBCORP LOGIS DB
      452 words
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  • BT INVESTMENT ROUNDTABLE
    • Article, Illustration
      Lock icon When investor relations count
      2318 6 OVERVIEW Most companies love to tell shareholders and investors a good story when everything is going well. But it is when things turn sour that investor relations or IR become even more important. The recent months have seen a slew of corporate failures at listed companies,
      2,318 words
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  • PROPERTY
    • Article, Illustration
      Lock icon Poetry and the art of concrete pouring
      583 7  -  A consummate Modernist architect finds beauty in the details, says ARTHUR SIM ARTHUR SIM THERE is a dictum that goes: "God is in the details." It is believed that early Modernist architectural master Ludwig Mies van der Rohe once uttered the phrase to
      ALL PHOTOS BY HARSHAN THOMSON  -  583 words
    • Article
      Lock icon KUALA LUMPUR STOCK EXCHANGE
      2375 7 VOl General Corp 0.45 0.02 102 Apr» KM COOP) Genting 18.40 unch 1685 George Kent 0.72 0.01 70 A M Realty 1.60 0.02 11 GHLSystems 0.23 -0.01 570 Aboc.._ 0.36 -0.01 54 GlobetronicsTech 0.40 unch 92 ACP Industries 0.88 -0.01 7 GlomacBhd 161 0.02 92 Advance
      2,375 words
  • Page 7 Advertisements
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      Lock icon Page 7 Advertisements Column 1
      491 7 Jrn+J mmrnmm 0 t i Ji -m+J mm* J mm wmm+ J i m ,12 May 2005, 9.30 am to spm, The Ballroom, Suntec Singapore a Is your company facing a dilemma over the choice of transforming -iMfe or reforming current business practices?, J| Is your organisation stuck in gear
      491 words
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  • Page 8 Advertisements
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      239 8 The business Times classified PR PERTIES Patrick Tel: 96^^01 Chelsea Village/ Place Freehold Tudor Design 3-storey inter-terrace Built-in 2400 iPI Near Science Kent B Ridge Pk, Food Centre, Supermart Future Circle Line Ronald HP: *****834 DISTRICT 10 D-storey good class bungalow -JHHb Fifth Ave, no through Road On high Ground
      239 words
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      Lock icon Page 8 Advertisements Column 2
      178 8 mm T fi9 Jk I If The Teneriffe MIIMHHHM Showflat condition 3200 V view Best offer secures Shelley Tel: 9675-7811 DISTRICT 10 IHH9HHHB Queens Locale P"<POfl Semi D 2 Storey 3400 sqft. 4+l rms Future MRT only www.zoslynne.com Zoslynne 9182 9000 Hlghpolnt DISTRICT 11 Goldhlll View F'hold, s+l Elevated Serene
      178 words
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      Lock icon Page 8 Advertisements Column 3
      217 8 DISTRICT 14 Ms Tan Tel: 9693 5000 DISTRICT 14 Op«n hse on Sat Sun by appt iw'" Jalan Singa fIMKv Junction of Jalan Eunos/ HB Bedok Reservoir Road 3 storey inter terrace nicely spacious, build in PB Simple house looking for ESbfliilD H big happy family Nelson Tan Tel: 9008
      217 words
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      Lock icon Page 8 Advertisements Column 4
      185 8 r* DISTRICT 19 Semi-D IffliUkjMn* 6+l rms per un,t approx 483.01/ mlns to Kovan station |> Facing Mr Lee Tel: 9759 2883 DISTRICT 19 Seranqoon Garden 1-storey bunglw loft 4200/ 2500 sq.ft., rooms Move In with touch up Walking distance to amenities IT Jill Selling 51.33 M Tommy Tel: 6273
      185 words
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      Lock icon Page 8 Advertisements Column 5
      256 8 A Jalan Ltban R 2Vj-stofty $#ml-d L nd 3400 bu tHn 3800 May Tel: 9010 3532 DISTRICT 20 I Br,,ht HHI Cr SCMt o" m Hi Thomson Road. feL s*l. Now seml-d with attic. 2 Pond, Garden, Patio, Courtyard 3 mins walk to Thomson Plaza/ llil amenities. Simple house looking
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  • Page 9 Advertisements
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      Lock icon Page 9 Advertisements Column 1
      660 9 The business times classified NEWPR®PERTIES DOl-08 J CITY a SOUTH-WEST f PTE HSES-SALE Kinta Rd, Race Course. 2'/2-sto-rey 1300/ 3600 sqft. Below indicative $1.35 M. Steven 9270-4316 Vista Park. South Buona Vista. 914 sq ft. $338k. *****605 Daniel Ling. B DOI-08 CITY ft SOUTH-WEST PTE APIS-SALE Blue Horizon, West Coast
      660 words
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      Lock icon Page 9 Advertisements Column 2
      543 9 ■PK DO9-10 ORCHARD/ Hi TANGUN/HOLLAND PTE APTS-SALE Foreigners Eligible! gMfe Prices from SSBSO psf only Exclusive District 10 FREEHOLD nl Y 4 Exclusive Units availablel 2,200 2 So sc > ft Inclusive of PES 3 levels 4*l bedrooms with service Excellent Amenities: Next to Holland MRT Marketing to Holland PPJV^fVP^m
      543 words
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      Lock icon Page 9 Advertisements Column 3
      412 9 IRK DO9-10 ORCHARD/ Uy TANGUN/ HOLLAND PTE APTS-SALE The Equatorial off Stevens Rd. 1722 sqft. neg. Call Haresh 9067-9007 RE/MAX. The LevelZ, Farrer Rd. 861 sqft. $700 K. Jackson HSR 9698-8888 The LevelZ, Farrer Rd. 926 sqft. S7SOK. Jackson HSR 9698-8888 The Metz D.09 (Dervonshire Rd). Fr 800+ sqft above.
      412 words
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      Lock icon Page 9 Advertisements Column 4
      538 9 RfK DO9-10 ORCHARD/ HI) TANGUN/HOLLAND PTE APTS-SALE ■k Dll a 21 NEWTON/ UU BTTIMAH/ CLEMENTI U PTE APTS-SALE j Mandale Hgts Novena. 753 sqft. SSSOK. Jackson HSR 9698-8888 j Newton 18 along Newton Rd. Large studio. 1250 sqft. $I.xM. J Louis. 9850-1962 Newton Suites. Newton Road. Fr I $805 p.s.f.
      538 words
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      Lock icon Page 9 Advertisements Column 5
      660 9 BDI2-14 BALESTIER/ MACPHERSON/GEYIANG PTE APTS-SALE The Waterina. Geylang Lor 40. 1359 sqft. $800k. *****854 Michael Yuen. The Waterina. Geylang Lor 40. 1216 sqft. $838k. *****212 Emily Ho. The Trumps. 1, Jin Kembangan. 1270 sqft. Contact Patrick 9180-9810 Waterina. Lorong 40 Geylang. 1324 sq.ft. View to offer! Contact Patrick 9180-9810 Guillemard
      660 words
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      Lock icon Page 9 Advertisements Column 6
      684 9 RPh Dl 5-16 EAST COAST Uy PTE APTS-SALE Cote D'Azur Condo. 1324 sqft. S9BOK neg. Linda Tan 9862-3778 Cote D'Azur. Marine Parade Rd. $1.05 M. 1600 sqft. Call Ang *****228 Cote D'Azur, Marine Parade Rd. $800 K. 1100 sqft. Call Ang *****228 Cote D'Azur, Marine Parade Rd. $820 K. 1300
      684 words
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      Lock icon Page 9 Advertisements Column 7
      647 9 DDI7-18 CHANGI/ PASIR RIS HOUSES-SALE Loyang View 3-storey inter terrace. 5669 K. Appro* 1600/ 2550 sqft. Elaine hp 9009-2248 D'Elias Clutser Hse. 4661 sqft. Call Carol *****365. B 17-18 CHANGI/ PASIR RIS PTE APTS SALE Country Esquire. Lor Puntong. 1309sqft. $650k. *****233 Jeffrey Loh. Edelweiss. Upp Changi Road North. $490
      647 words
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      Lock icon Page 9 Advertisements Column 8
      605 9 »D1 9-20 SERANGOON/ THOMSON PTE APTS-SALE Grandeur 8. Ang Mo Kio Central 3. SS6BK up. 1227 sq.ft. Boon, HP 9389 0909 Grandeur 8 <?> AMK Central. 1324 sqft. S73BK/ $555 psf. Jackson HSR 9698-8888 Grandeur 8. Ang Mo Kio Central 3. 5735 K. 1421 sqft. Louise *****565 Grandeur 8 AMK.
      605 words
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      Lock icon Page 9 Advertisements Column 9
      386 9 025-28 NORTH HOUSES -SALE Dedap Road 2-storey Semi-D. SI.BM. Land approx 4000 sqft. Elaine hp *****248 Detached houses Springleaf Ave. 4323/ 4439 sq.ft. neg. Call Frank *****166 Semi-Detached <S> Nim Crescent. Land 2622/ 4903 sq.ft. $1.69 M neg. Call Frank *****166 Springhill Townhse. Sembawang Rd. SB99K. 3046 sqft. Mark Foo
      386 words
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      Lock icon Page 9 Advertisements Column 10
      371 9 VRV 022-24 WEST W PTE APTS-SALE Lakeshore, Jurong. 861 sqft. $400K up. Contact Jason 9027-4466 Lakeholmz, Corporation Rd. S7ISK neg. 1507 sqft. Call Deng Mei Hong 9452-8424 Lakeholmz, Corporation Rd. S7IOK neg. 1969 sqft. Call Deng Mei Hong 9452-8424 Maysprings, Petir Rd. From S36OK-S46OK neg. 915-1302 sqft. *****303 Fred Palm
      371 words
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  • JOBS
    • Article
      Lock icon Stanchart CEO is new head of IE S'pore
      277 10  -  Euleen Goh appointed agency's chairman By JOSEPHINE TAY INTERNATIONAL Enterprise Singapore (IE Singapore) has a new captain at the helm. She is Euleen Goh, the chief executive of Standard Chartered Bank, Singapore. Ms Goh was appointed chairman of IE Singapore last Friday.
      277 words
    • Article
      Lock icon Staff burnout on the rise at MNCs in Japan: report
      432 10 Reuters [TOKYO] More professionals working for multinational firms in Japan are experiencing burnout as they work longer hours, shows a survey of 581 executives by placement firm Hudson. About a quarter of respondents cited a rise in employee burnout, with
      Reuters  -  432 words
    • EXECUTIVE MOVES
      • Article, Illustration
        Lock icon SLA appoints new chief executive
        103 10 THE National Environment Agency's chief executive BG (NS) Lam Joon Khoi (right) will become CEO of the Singapore Land Authority (SLA) from May 1. Tan Kee Yong, who has been SLA's CEO since June 2001, will be joining the Ministry of Education as its deputy
        103 words
      • Article
        Lock icon New CEO for SembCorp
        75 10 FROM May 1, SembCorp Industries Ltd will have a new group president and chief executive. Tang Kin Fei, SembCorp Utilities' president and CEO, will succeed former SCI deputy chairman and CEO, Wong Kok Siew, who died earlier this year. Mr Tang spearheaded the development of Singapore's
        75 words
      • Article
        Lock icon Sinomem names new CFO
        43 10 MAINBOARD-LISTED Sinomem Technology Limited, a membrane-based process and engineering technology company, has named Robin Lin Lu Ping as its new executive director and chief financial officer. He will be responsible for the company's finance, marketing and human resource functions.
        43 words
      • Article
        Lock icon Bio-Treat appoints new directors
        70 10 MA Zheng Hai and Cui Jun have been appointed executive directors of Bio-Treat. Mr Ma will be responsible for overseeing the group's corporate governance and legal matters as well as negotiations with the Chinese government for commercial contracts. Mr Cui has over 20 years' experience working
        70 words
      • Article, Illustration
        Lock icon Yahoo! strengthens S-EA team
        81 10 YAHOO! has announced new appointments for key positions in its South-east Asia office based in Singapore. Thomas Sipple (right) has been named head of sales for its online advertising business for South-east Asia. Mr Sipple has more than 12 years of marketing and sales experience in
        81 words
      • Article
        Lock icon TV industry veteran joins MDA
        64 10 THE Media Development Authority of Singapore has appointed Man Shu Sum to its senior mangement team as programme director of media development. He is the man widely credited with the success of Channel U, and will be helping local media companies reach international markets in
        64 words
      • Article
        Lock icon Watson, Farley promotes four
        67 10 INTERNATIONAL law firm Watson, Farley Williams has promoted four new partners in its international finance, corporate and litigation groups. Raja Bose (litigation), Michael O'Donnell (finance), Daniel Radgers (finance) and Eugenio Tranchino (corporate) have been promoted to the partnership from this Monday. Mr Bose is based in
        67 words
      • Article
        Lock icon Keppel appoints new director
        48 10 KEPPEL Corporation Limited has announced the appointment of Yeo Wee Kiong as director from May 1. He will also serve as a member of the Board Risk Committee. Mr Yeo is the managing director of Yeo Wee Kiong Law Corporation, a Singapore law firm.
        48 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      5331 10 UNIT TRUSTS FUNDS Citi Global Healthcare Fund 0.94/ Citi Gib Fin Srvcs fund 1 02/ *ni »<.«« >M Cm US Aggressive Growth Fund 0.781 s£e£SEe5E£ 0 78V S B Set Gib Bus Idis Ptfl 03(SGD) t .0719* sapg L B Gl s b^e^ 03msD) tetetohk 0936/ S B Set Eqty
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  • Page 11 Advertisements
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      1641 11 The Business Times 1 EXECUTIVES PROFESSIONALS SENIOR PROJECT MANAGER RETAIL BANKING Leading Service Provider Contract Position A leading service provider and consulting organisation in the financial services sector is looking for a Senior Project Manager with a proven track record to manage and deliver large scale projects in the retail
      1,641 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Global markets, liberalisation key for East Asia
      413 12  -  WORLD ECONOMIC FORUM They must open up their economies to trade, investment to stay competitive By ANNA TEO EACH country might have charted a slightly different course, but embracing global markets, liberalisation and reforms have been and will remain key to success for
      413 words
    • Article
      Lock icon Creating content could be Asia's next big thing
      361 12  -  By NANDE KHIN THE next big thing for Asia may lie in creating its own content for films, animation or games. This was one of the ideas tossed around in a forum yesterday at the World Economic Forum's Asia Roundtable 2005. The
      361 words
    • Article
      Lock icon SGX MAINBOARD
      7785 12 Transaction date: Apr 29 52-Wk Td Last Vol Day Last Quote GrOiv Oiv GrYld Net MCao High Low Code Company Sate ('000) High Low luyf Seller S Cvr M SnA 14.5 3.5 5716 1si Software 5c 3.5 -0.5 110 4 3.5 3.5 4 14.2 34.5 15.5 3148 8TelecomUS2c
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    • Article
      Lock icon Big jump in March tourists; LCCs seen providing a boost
      381 12 MARCH yielded a bumper crop of tourists for Singapore. A total of 732,359 visitors arrived in Singapore, a figure 16.9 per cent up on March 2004. It was easily the highest year-on-year growth so far this year, far outstripping February's
      381 words
    • Article, Illustration
      Lock icon More funds for employee training through SDF from Sept
      475 13  -  But employers see more strain with rise in salary ceiling levy to $2,000 By JEAN CHUA FROM Sept 1, more money will be channelled into employee training through the Skills Development Fund (SDF). This will be donp by raising the salary
      FILE PHOTO  -  475 words
    • Article
      Lock icon SGX
      6372 13 Transaction Date: Apr 29 MOST ACTIVE STOCKS VOLUME VALUE (S) UniRber 10c 40.S75.000 DBSSrp 11&634.S40 SinoTdISc 15.993.000 UOfi 67.111.454 •StarCruises 10c 14.947.000 SingTel 15c 41,439,700 Accord Customer 2.5c 12.931.000 Keppel Corp 50c 40.816.227 Capita Land 12.341.000 Venture Corp25c 32.616.800 De long 5c _10.816.PQ0 CapitaLand 31.665.870 Datacraft 10c 10.109.000 CrtvDevSOc
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  • CORPORATE RUN
    • Article, Illustration
      Lock icon Time to run – and bond...and win too Time to run – and bond...and win too
      671 14  - Time to run and bond...and win too Time to run and bond...and win too JP MORGAN CHASE CORPORATE CHALLENGE By LIZA LIN THE white tenting may have been stripped from the Padang, only a few red and blue banners remain in the streets, and even the participants' blisters are beginning
      PHOTOS BY Chris Loh, Arthur Lee  -  671 words
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  • REGION/WORLD
    • Article
      Lock icon Li & Fung wants to grow its brand ownership
      626 16 Li Fung wants to grow its brand ownership By 2007, it aims for 10% of its revenue from its own branded goods AP [NEW YORK] When Jack Toolan started work at Li Fung USA last fall, he was a little taken aback during an initial tour of corporate headquarters. A
      AP  -  626 words
    • Article
      Lock icon Revenue growth in '06 to beat estimates: Microsoft
      312 16 Bloomberg NYT [NEWYOBK] Microsoft Corp has forecast that revenue growth may outstrip analysts' estimates next year, easing concerns of slipping demand for Windows and Office personal-computer programs. The world's largest software maker, which reported third-quarter results that met analysts' expectations, said sales
      Bloomberg; NYT  -  312 words
    • Article
      Lock icon India's first int'l LCC takes flight
      403 16 AFP AP [NEW DELHI] India's first international budget airline launched service yesterday, making its maiden flight from the southern city of Trivandrum to Abu Dhabi in the United Arab Emirates. The service is operated by state-run Air-India's new budget carrier. It is the first
      AFP; AP  -  403 words
    • Article, Illustration
      Lock icon FLYING PETITION
      54 16 [LONDON] Prime Minister Tony Blair signs a British Airways Boeing 747, as part of the airlines' "sign the plane" initiative in support of London's bid to host the 2012 Olympic Games and Paralympic Games. Singaporeans will also get their chance to sign their names when the plane flies
      54 words
    • Article
      Lock icon S'pore, Morocco sign two bilateral deals
      180 16 SINGAPORE and Morocco yesterday signed two bilateral agreements which will further strengthen the friendship and cooperation between the two countries. The two pacts are an agreement on economic, technical, scientific and cultural cooperation and a memorandum of understanding (MOU) on establishing a political consultation
      180 words
    • Article
      Lock icon Consumer spending up despite dip in sentiment
      354 16 LATEST US INDICATORS AP Bloomberg Reuters [WASHINGTON] Americans' incomes rose 0.5 per cent in March, the best showing in three months, and they used the extra money to boost consumer spending by an unexpectedly strong 0.6 per cent, the US Commerce Department said.
      AP; Bloomberg; Reuters  -  354 words
    • Article, Illustration
      Lock icon Disney to expand HK park as S'pore builds casino
      313 16 Bloomberg [SINGAPORE] Walt Disney Co, which is opening a Hong Kong theme park in September, will expand that location in the next five years to attract tourists as Singapore may open a similar attraction in 2009. Singapore last week lifted a
      Bloomberg; AFP  -  313 words
    • Article
      Lock icon Garuda's new chief wants to sell off assets
      162 16 AFP [JAKARTA] Garuda. Indonesia's new boss yesterday ordered the airline to offer four of its business units to the public and sell off assets in a shake-up to keep the heavily indebted flag-carrier flying. The move was president Ejnirsyah Satar's first major
      AFP  -  162 words
    • WORLD WATCH
      • Article
        Lock icon Acer's Q1 profit up 16%, beating analysts' estimates
        91 16 Bloomberg [TAIPEI] Acer Inc, Taiwan's third-largest computer company by market value, saidQl profit rose 16 per cent, beating analysts' estimates, after the company won market share and made gains from investments. Net income rose to NT$2.l5 billion (Ssll3 million), or NT$l.O4 a
        Bloomberg  -  91 words
      • Article
        Lock icon Glazer has till May 17 to renew bid for Man Utd
        93 16 Bloomberg [LONDON] Manchester United Pic, the world's biggest football club by revenue, rejected a US$l.5 billion takeover proposal from US billionaire Malcolm Glazer because it would leave the company with too much debt. Mr Glazer, the owner of the
        Bloomberg  -  93 words
      • Article
        Lock icon PT Bank Niaga posts 6% decline in Q1 net profit
        89 16 Bloomberg [JAKARTA] PT Bank Niaga, Indonesia's eighth-largest bank, posted a 6 per cent decline in Q1 net profit because it earned less in fees and commissions even as it expanded lending and received higher interest income. Unaudited net income fell
        Bloomberg  -  89 words
      • Article
        Lock icon PT Bank Internasional reports 2% loss in Q1 profit
        123 16 Bloomberg [JAKARTA] PT Bank Internasional Indonesia, partly owned by South Korea's largest lender, posted a 2 per cent decline in Q1 profit because it earned less in interest income than in the year-earlier period, when it had a one-time gain. Unaudited
        Bloomberg  -  123 words
      • Article
        Lock icon China Unicom declares 26% drop in Q1 profit to 1b yuan
        110 16 Reuters [HONG KONG] China Unicom Ltd, China's No 2 mobile carrier, posted a 26 per cent decline in Q1 profit on Thursday, as it battles to keep its share of the world's largest but rapidly maturing mobile market. Q1
        Reuters  -  110 words
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  • SINGAPORE INTERNATIONAL
    • Article, Illustration
      Lock icon Next stop: Russia
      1506 17  -  Russia, whose metamorphosis to a market-based economy has created a vast consumer market, is an investment destination Singaporean entrepreneurs should explore, says CHUANG PECK MING CHUANG PECK MING BEARISH is not a word you would associate with Russia, after how its economy performed in the past six
      AFP FILE PHOTO  -  1,506 words
    • Article, Illustration
      Lock icon Diversification to fuel growth
      1069 18  -  World Bank sees hope in Russia's draft social-economic plan that reaffirms importance of the private sector, reports CHUANG PECK MING CHUANG PECK MING THE World Bank says there is much the Russian government can do to keep the Russian economy growing and to wean it off
      AFP  -  1,069 words
    • Article, Illustration
      Lock icon Infrastructure investments, financial reforms needed
      555 18  -  By CHUANG PECK MING THE Russian economy posted a strong 7.1 per cent growth in 2004 its sixth straight yearly expansion since a financial crisis brought the economy to its knees in 1998. Strong earnings from oil and gas Russia's two main exports provided much
      555 words
    • Article, Illustration
      Lock icon Reforms hold the key
      1369 19  -  Putin must act to keep his promise that investment environment would be secure for locals and foreigners, says NEIL BEHRMANN NEIL BEHRMANN FIFTEEN years after the collapse of the Soviet Union, Russia is still undergoing uneasy transition. Post communist "carpet bagging" of land and resources and
      1,369 words
    • Article, Illustration
      Lock icon Majestic Moscow
      1003 20  -  LETTER FROM MOSCOW The Russian capital is a thriving, modern city with unparalleled cultural offerings, says JILLIAN ONG JILLIAN ONG IF James Bond were a city, he would be Moscow: enigmatic, sophisticated and just a touch seedy, but in such a disarming manner that you cannot help but
      1,003 words
    • Article, Illustration
      Lock icon Showcasing Singapore brand in Russia
      734 20  -  By MICHAEL TAY LIKE Japan, where tradition powerfully shaped a modern economy, Russia will form its own economic development model that's both modern and driven by its historical and geo-eco-nomic resources. Russia will probably never be completely Westernised. It may join the World Trade Organization
      734 words
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      152 17 AW J l|^ Mac Coffee was the main sponsor at j World Figure Skating Championships in Moscow, March 2005. mm We are with the Champions! mm Hand in hand, Food Empire advances on a wondrous journey of growth with Russia, Kail bringing its people closer and sharing in their lives'
      152 words
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      Lock icon Page 17 Advertisements Column 2
      31 17 This monthly series on Singapore companies overseas is jointly brought to you by The Business Times and IE Singapore Tte Business times jj] The next series will appear on May 28
      31 words
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  • Page 18 Advertisements
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      52 18 MOVE AHEAD WITH THE RUSSIAN CONNECTION Set your business in motion with FBJ-Bearings International, which offers a comprehensive range encompassing different types of Ball and Roller Bearings. T?T>T'" fbj bearingsinternational j [J I 1A Toh Tuck Link Singapore *****3 Tel: (65) 6461 6711 to 15 Fax: (65) 6461 6716 Email:
      52 words
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  • MOTORING
    • Article, Illustration
      Lock icon Shanghai show sizzles
      772 21  -  China's car market is maturing but demand, especially for high-end models, remains strong, SAMUEL EE reports SAMUEL EE IT used to be that the rich Chinese who descended on motor shows with their bags of cash knew exactly which car to buy because it was either at
      PICTURES BY WILLIAM WHEY  -  772 words
    • Article, Illustration
      Lock icon Supercar makers target Asean buyers
      419 21  -  Reports by SAMUEL EE EUROPEAN manufacturers of exclusive supercars have targeted the Chinese market and are now expanding their focus to the rest of Asia. One of them is Koenigsegg, the Swedish exoticar created by Christian von Koenigsegg. The brand entered the Chinese market earlier
      419 words
    • Article
      Lock icon Very Spyker cars
      269 21 THE Dutch marque with the propeller insignia was started by the Spyker brothers, who were the carriage makers for the royal family in the late 19th century. Then in 1898, these "coach" builders diversified into automobiles when they assembled their first car using a Karl Benz engine.
      269 words
    • Article, Illustration
      Lock icon YHI on a roll with chromed wheels as demand swells
      425 21  -  By SAMUEL EE CHROMED wheels seem to be popular all over the world except in Singapore, where they are considered ah beng. Demand for them is so high that YHI International bought into a chroming factory in Wuxi, China last
      425 words
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  • GOLF
    • Article, Illustration
      Lock icon For golf's sake
      812 22  -  Two fans of the game take their passion a step further. PEPPER LEE reports PEPPER LEE GET a hole in one for $7 sounds enticing doesn't it? Well, those looking to snare a quick fix for their golf games will be disappointed. We are not talking golf
      PHOTOS BY ARTHUR LEE  -  812 words
    • the equipment
      • Article, Illustration
        Lock icon Callaway X-Tour Irons
        219 22 Callaway Golf, the makers of one of the most popular clubs in golf, have just launched the new X-Tour Irons in Singapore this week. Made with a proprietary two- piece forging process, these professional grade irons boast unmatched workability and control. In building a more traditional-looking, forged
        219 words
      • Article, Illustration
        Lock icon Ben Hogan C-S3 Driver
        125 22 Ever since Taylormade introduced the movable weight technology in their drivers some years back, other clubmakers have been scrambling to incorporate something similar in their products. The latest is Ben Hogan, whose new Big Ben C-S3 Titanium driver features almost exactly the same technology. The 420
        125 words
      • Article, Illustration
        Lock icon I-Trax Putter
        117 22 Shot shaping technology or something similar to it has also crept into putters lately. Callaway has just introduced its I-Trax Putter which features two interchangeable vision-strip options. The two interchangeable vision-strip options let players choose the way they line up their putt. The putter comes complete with a
        117 words
  • Page 22 Advertisements
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      2191 22 Notices o MACQUARIE MACQUARIE BANK LIMITED (ABN 46 008 583 542) (Incorporated under the laws of Australia) NOTICE TO WARRANTHOLDERS To all holders of 15,000,000 European Style Cash Settled Call Warrants relating to the ordinary shares of SembCorp Logistics Ltd (SEMBCORP LOGIS MBL ECW*****8) issued by Macquarie Bank Limited expiring
      2,191 words
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  • WELLNESS
    • Article, Illustration
      Lock icon Brew full of health
      1050 23  -  The tea habit takes on a new shine with specialist cafes springing up and spas dishing out tea treatments. PEPPER LEE reports PEPPER LEE fIHHHMI HA-DRINKING does not have to conjure images of Victorian aristocrats, daintily sipping tea with their pinkies raised. Neither does tea-drinking have
      FILE PHOTO  -  1,050 words
  • Page 23 Advertisements
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      2252 23 Notices IN THE MATTER OF BALAM LMPKX (St PRIVATE LIMITED (IN VOLUNTARY LIQUIDATION) Regd. No. *****0838Z MEMBERS' VOLUNTARY WINDING UP At an Extraordinary General Meeting of the members of the above named company duly convened and held at 5000 D Marine Parade Road. #17-14, Singapore *****7 on 22 April 2005
      2,252 words
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      Lock icon Page 23 Advertisements Column 2
      10 23 Read our newspapers for a fresh set of jobs everyday!
      10 words
  • Page 23 Miscellaneous
    • Miscellaneous
      Lock icon Page 23 Miscellaneous Column 1
      323 23 CRYPTIC CROSSWORD Arnocc out-of-doors (8) 5 Ukg a rou gh cloth, flowery? 1 Who to blame when a pact (6) goes awry (9) 6 Romany salesman? (9) 9 Fly offers resistance to bird (7) 7 Scotsman among disruptive 10 Cake manufactured by one a d s taking nuts (7) with
      323 words
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  • SHOPPING
    • Article, Illustration
      Lock icon For Mom
      973 24  -  CORINNE KERK goes in search of stylish gifts to suit any mother CORINNE KERK HOW well do you know Mom? Your answer will determine how good you will be at picking the right gift for her on Mother's Day next Sunday. Is she the practical sort who will
      973 words
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  • PERSONAL SPACE
    • Article, Illustration
      Lock icon Rock steady
      1218 25  -  At Eddie Sung's place, rock music rules. GEOFFREY EU checks it out GEOFFREY EU i; OU know the type music hobbyists and trivia buffs, Jfa fond of their '60s pop and '70s rock, who keep obscure tidbits of musical information tucked away in their brains and who also
      PHOTOS BY RTHUR LEE  -  1,218 words
  • Page 25 Advertisements
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      Lock icon Page 25 Advertisements Column 1
      255 25 wine&dine withweekendßT Ah Hoi's Kitchen Traders Hotel Podside, (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 (fining experience. Signature dishes include chilli crabs, champagne pork ribs and king prawns. New: Monk
      255 words
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      Lock icon Page 25 Advertisements Column 2
      272 25 Club Ola Latin-Argentinian Grille Bistro 28 Murray Street (infront ofManveU House) TeL 6220 7927 Singapore's newest addition to world famous cuisine offers pre-opening specials of complimentary steak (or grilled chicken) with Stella Artois or Hoegaarden Draft beer during Happy Hours from 3-8 pm. Deliciously grilled with their special marinades. Specialties
      272 words
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      Lock icon Page 25 Advertisements Column 3
      249 25 Kuali The Asian Kitchen Level 1 Suntee, Singapore International Convention and, Exhibition Centre. Tel: *****075 Sample a wide range of delicious Asian cuisine! Le Vigne #02-02 Tanglin Shopping Centre, Tanglin Road, Tel: *****699,*****170 Wines for parties, weddings, gifts or for pure enjoyment Le Vigne goes to great lengths to assist
      249 words
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      Lock icon Page 25 Advertisements Column 4
      219 25 Parkway Thai Restaurant #01-59/62CentrepoirU Shopping Centre/#O2-08 Parkway Parade. Tel: *****080/6346 8811 Enjoy a wonderful spread of exotic Thai fare! Raffles Marina 10 Tuas West Drive. Tei *****288 Special double-boiled soups and six other dishes from the weekday set lunch menu at only $22.80. Plaza Market Cafe Level 2, Raffles The
      219 words
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  • THE BUSINESS TIMES weekend
    • Article, Illustration
      Lock icon The French way
      1217 26  -  Three-Michelin-starred Alain Passard tells JAIME EE why nothing comes close to French cuisine JAIME EE IN the last few years, French chefs were deemed in danger of being culinary has-beens, swept out of the game by their very arrogance and complacency, to be replaced by cutting edge
      ARTHUR LEE  -  1,217 words
    • Article, Illustration
      Lock icon Simply sublime
      505 26  -  GEOFFREY EU has a taste of Hawaii at Alan Wong's World Gourmet Summit stint GEOFFREY EU HE wasn't able to bury the kalua pig in the ground and roast it on the beach luau-style, but Honolulu-based celebrity chef Alan Wong still managed to reproduce the authentic flavours and
      505 words
    • Article, Illustration
      Lock icon Return of the bad boy chef
      598 26  -  By GEOFFREY EU ANTHONY Bourdain is a one-of-a-kind celebrity chef because he achieved stardom (although he might prefer to call it notoriety) by cooking up stories rather than steaks and spending more time out of the kitchen than in it. Where once he stood
      598 words
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