The Business Times, 9 May 2005
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2005-05-09
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The Business Times
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Title Section13 2005-05-09 1 THE BUSINESS TIMES Monday May 9,2005 siNGAPORfSrtanT online at http://business4imestasialxom.sg MICA (P) 089/03/200513 words
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741 2005-05-09 1 RONNIE LIM - Besides rig builders, engineering firms, manpower agencies and aircraft services outfits also benefit By RONNIE LIM [SINGAPORE] The offshore oil exploration and production (E&P) boom in the region triggered by high oil prices has filtered onshore to Singapore. It is paying off not just741 words
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Article, Illustration659 2005-05-09 1 JOSEPHINE TAY - US chain aims for 25 outlets in 8 years, starting July By JOSEPHINE TAY [SINGAPORE] Fast-food leader McDonald's and other industry players might soon have a new worry in the ongoing hamburger war in Singapore. Carl's Jr, a subsidiary of CKE659 words
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Page 1 Advertisements
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Advertisement71 2005-05-09 1 DINING OUT fr x. I sill IKmil Sunpower basking in high oil price market PG 5 Bnine dining experiences, one single venue. Indulge in a selection of Western, Japanese, Thai and Chinese cuisine from the theatre-kitchens of award-winning mezza9 at Grand Hyatt Singapore. For reservations, please call 6416 7189. FEEL71 words
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Advertisement71 2005-05-09 1 WALL STREET INSIGHT A murky environment means a grind pg 3 PRIZED SHOTS AwaFd-winning photographs for mmm (be taking pgs HOCK LOCK SIEW Slow down on China listings fm* a better deal pgs '/it'.. VoIP Wi-Fi v V •J-f* JJf f Wh.it 111»»' s ~m ~a J§# W 4 it71 words
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Advertisement10 2005-05-09 1 Markets Digest is on in 8 11 *****1 *****4 1110 words
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TOP STORIES
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Article, Illustration971 2005-05-09 2 A murky environment means a grind IT is a telling commentary on the current investing environment that on a day when the US stock market received its most upbeat news about the state of the US economy and its growth prospects, shares on the major averages finished barely971 words
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635 2005-05-09 2 AMIT ROY CHOUDHURY - Steering committee to be formed, contest to engage the public By AMIT ROY CHOUDHURY [SINGAPORE] The Infocomm Development Authority of Singapore (IDA) has announced three major initiatives to further the development of Singapore's 10-year masterplan Intelligent Nation 2015 (iN2015) a technology blueprint for the next635 words
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Article91 2005-05-09 2 MARKETS Week Chge STI .2161.22 +35.97 KLSE COMP 901.22 ......+22.26 NIKKEI 225 *****.17 ....+183.27 HANG SENG *****.96 ....+124.99 SET INDEX 689.36—+30.48 JAKARTA COMP ...1068.28 +38.67 MANILA COMP ....1913.77 +59.14 TAIPEI TAIEX 5967.96 ™+149.89 SEOUL COMP 940.85 +29.55 SHENZHEN B Closed AUSTALLORD 3939.80 -3.30 DOW JONES *****.40 +152.89 NASDAQ91 words
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Article, Illustration784 2005-05-09 3 ANDREW MARKS - WALL STREET INSIGHT The 'no good news without bad news' market has investors confused about its prospects By ANDREW MARKS in New York IT IS a telling commentary on the current investing environment that on a day when the US stock market received itsAP - 784 words
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482 2005-05-09 3 MICHELLE QUAH - Senior MD says SOX improves perception of companies By MICHELLE QUAH THE Sarbanes-Oxley Act (SOX) is being blamed for a growing reluctance among companies to list in the US because of the increase in compliance costs it causes. But the senior managing director of482 words
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Page 2 Advertisements
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Advertisement53 2005-05-09 2 Views From The Top was run in The Business Times Weekend, May 7-8 How c Freshly brewed coffee a simple on an interactive touch-display panel. Equipped with the innovative Saeco Brewing System, H v^Saeco 's stylish and elegant automatic m i\ espresso machines ensure high performance. _T\ Saeco machine, preparing53 words
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Advertisement326 2005-05-09 2 Take the next step with an MBA Who should embark on an MBA: fc»j Professionals, managers, executives and businessmen |Hft HL who want to broaden their understanding of how v Vk 'If* j t areas within a business inter-relate in a global environmeftl I A Technical professionals moving into management326 words
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Page 3 Advertisements
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Advertisement47 2005-05-09 3 v'-^/-; > > V V, v' Wt&Zit Th T'ff M k" •«!»..jjjgt n ggn I\ ni >*$*!* 1 wtfrm l&^Jll MK^JJSi^Hfl^^HHH^Mi^^^^^^^^iflKnK'lJJPffvflkm J* Bar \l mm Hill i 1 W^rSINPMHM^V^MWMM IPPPI jjjK~ THE TIFFANY MARK* CHRONOGRAPH, FROM SS4.3SO t rsisi NCEE ANN CITY 673S 8823 TIFFANY COM y \n /•.>*• i47 words
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SINGAPORE MARKETS
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Article, Illustration634 2005-05-09 4 R SIVANITHY - STOCKS R SIVANITHY Senior Correspondent THE poor showing by local small caps this year has been the subject of numerous reports, both by newspapers and stockbrokers. Sesdaq's underperformance is well-known. At Friday's close of 79.07, the UOB-Sesdaq Index is down 16 per cent from its 2005634 words
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513 2005-05-09 4 CURRENCIES AFP [HONG KONG] Asian currencies were mixed against the US dollar last week, with speculation over a revaluation of China's yuan providing support for the yen and regional units. Japanese yen: The yen was seen likely to gain ground against the dollar afterAFP - 513 words
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918 2005-05-09 4 COMMODITIES: WEEKLY ROUNDUP AFP [LONDON] World oil prices rebounded last week in volatile trading amidst rising US crude inventories and production by Opec approaching the highest level for 26 years. Cocoa future dropped to an almost tenmonth low on prospects of a strong harvestAFP - 918 words
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Article2287 2005-05-09 4 Payment Ex looks Pay Ittt) data daw data Aberdeen UKlOp I 2.2p 11 May 16-May 15-Jun ABR Hldgs 5c F 0 50 04 May 09-May 19 May Action Asia 10t 0 50 12 May 17-May 31 May Adampak 8c b US 04 May 09-May 19 May AEI Corp2,287 words
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Article, Illustration425 2005-05-09 4 OTHER SINGAPORE INDICES May 6 VALUE CLOSE BT OB/OS -149.00 +15.00 BTCAD1 -*****.00 +28.00 BT 10-day MA -*****.00 -15.00 All-SG Equities 555.82 +3.70 SG Equities Elect 134.53 +1.51 SG Equities Fin 1606.92 +6.12 SG Equities Prop 556.68 +1.27 SIMSCI 256.22 +2.21 SiMSCI Futures 257.00 +3.40 MOST ACTIVE STOCKS VOLUME Capita425 words
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Article, Illustration1211 2005-05-09 6 TEH HOOI LING - TEH HOOI LING Senior Correspondent THERE is no letting up in the decline in the UOB Sesdaq Index. In the holiday shortened week last week, it slipped by another 1.2 per cent bringing the index to a level not seen since July 4,1,211 words
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Article, Illustration1133 2005-05-09 6 ROBERT HALILI - INSIDE MARKETS 15 firms record purchases worth $18.1 million while two companies report two disposals worth $330,000, reports ROBERT HALILI ROBERT HALILI BUYING remained high while selling remained low during the holiday-short-ened week of May 3-6, 2005. A total of 15 firms recorded 211,133 words
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Page 4 Advertisements
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Advertisement58 2005-05-09 4 WEEK AHEAD YHI's Bonus Issue, ex-date, May 9 Sing Investments Finance diviBeyonics Rights Issue, ex-date, dend Payment. May 9 May 9 SGX's dividend payment, May 10 New listing of Electrotech, May 9 SPH's dividend payment, May 10 Kim Eng Hldgs dividend pay- UlS's dividend payment, May 10 ment,May9 Unisteel's dividend58 words
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COMPANY NEWS
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Article, Illustration369 2005-05-09 5 LISA TAN - It bags 32m yuan job to supply gas recovery system to China coal firm By LISA TAN HIGH oil prices mean extra costs for companies, but for Sunpower Group, it also spells great opportunity. "There is pressure on petrochemical companies to cut costsCHRIS LOH - 369 words
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666 2005-05-09 5 R SIVANITHY - HOCK LOCK SIEW By R SIVANITHY LAST Friday's news report in The Business Times that it is mainly the smaller, second-rank China companies that list here whereas the bigger, state-owned enterprises tend to head for Hong Kong came as no surprise666 words
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Article577 2005-05-09 5 ALEXANDRA HO - Vote on Tech Group deal will take place on May 30 By ALEXANDRA HO THE adviser to the independent directors of Sunningdale Precision Industries (SPI) has given the thumbs up to the planned merger of the company with Koh Boon Hwee's Tech Group Asia. "Based on577 words
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374 2005-05-09 7 JOSEPHINE TAY - Sesdaqbound Yaan sees Olympic boost China CCTV maker offers 20m shares at 21¢ apiece, offer closes today By JOSEPHINE TAY CLOSED-CIRCUIT television (CCTV) maker Yaan Security Technology, which launched its initial public offer (IPO) in Singapore last week to raise about $1.37 million, is banking on the Olympics and other374 words
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282 2005-05-09 7 ALEXANDRA HO - 61m shares offered -6.1m to public, 54.9m placement By ALEXANDRA HO ELECTROTECH Investment's faith in investor appreciation of contract manufacturers here appears to have paid off. The company's initial public offering (IPO) for a listing on the Singapore Exchange was two times oversubscribed when it282 words
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Article, Illustration320 2005-05-09 7 ALEXANDRA HO - By ALEXANDRA HO RAFFLES Medical Group posted healthy results for the first quarter of its financial year. Its net profit of $2.3 million in Q1 2005 was 5.4 per cent higher than that in the same period of last year. TheFILE PHOTO - 320 words
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Page 5 Advertisements
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Advertisement184 2005-05-09 5 I BthJUNE Singapore RISK, COMPLIANCE AND COMPETITION MANAGING THE COST Corporate Executive Programme This programme is exclusively for ClOs, CISOs, CFOs, CMOs, CEOs, Company Secretaries, Group Heads, and Executive Directors and limited to 50 attendees. Featured speakers include: Dr. Sally Leivesley, CEO, Newßisk Ltd. will lead the group in discussions184 words
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Page 7 Advertisements
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Advertisement10 2005-05-09 7 Read our newspapers for a fresh set of jobs everyday!10 words
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Advertisement153 2005-05-09 7 V| H H m >-'-^SHSBI IHI 1 iMim mi mi ft.- vw- c K %Mgf£Z 1,,,. r: 'nBIM^W BBBJBBBgEBHBBB^^^MH^^T':-?■.■'V a ,w :^q*g9B|^^^^Bß You, and ÜBS. That's how we see the heart of our business. Where our teams are dedicated to understanding your needs, delivering the right kind of solutions, and153 words
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SINGAPORE NEWS
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Article, Illustration225 2005-05-09 8 CAROLYN QUEK - By CAROLYN QUEK IF you've always wanted to own an award-winning photograph, you can do so now by heading down to the Reuters Art of Seeing Exhibition. The global information group has been holding the photography exhibition since May 4 at the Arts House to launch the relocationREUTERS PHOTOS - 225 words
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Article, Illustration826 2005-05-09 9 JOSEPHINE TAY - Tactics include lower minimum income, doorstep form collection By JOSEPHINE TAY THK credit card war has been ratcheted up several notches, with a new theatre of war platinum credit cards, the "must-have" plastic for issuers in their bid to grab a bigger slice826 words
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Article183 2005-05-09 9 DATE/ TIME EVENT VENUE 9 May ISEAS Seminar on The Work ISEAS Seminar Room 10.30am of the Mekong Institute li, 30 Heng Mui Keng Foundation Terrace, Pasir Panjang 9-10 May High Tan Crude 2005 Con- Meritus Mandarin Sin8.00am ference gapore 10 May ISEAS Seminar on Foreign ISEAS Seminar183 words
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Page 8 Advertisements
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Advertisement194 2005-05-09 8 mwm UCH^IBS^' |i^ As an Individual homeowner, you can offer your landed property k :»-J- L ush with one scm x 2column black white advertisement in this "J" S q/ e epv" page for free*/ For more prominence, add full colour to your property Agents Developers can also advertise with194 words
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Page 9 Advertisements
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Advertisement126 2005-05-09 9 n ,j Ur J kui 3J> r o u FIND r THEONES r~ p THAT FITSCA >, Recruit the right people through The Straits Times [y Recruit Call J 1800 289 8822 or email recruit@sph.com.sg to advertise. I pH t V y U lil J-1,111, J L <-v h i126 words
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Advertisement8 2005-05-09 9 Booster Capital Guaranteed Fund SGDRID 28/04/05 9,65 SGD8 words
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Advertisement13 2005-05-09 9 cafebiz Lobby Level, Traders Hotel, lACuscaden Road, Singapore *****6. For call 6831 437413 words
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BT-CITIBANK YOUNG INVESTORS' FORUM
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Article, Illustration711 2005-05-09 10 KELVIN SAM - CAMPUS LIFE KELVIN SAM meets the campus deejays from SMU KELVIN SAM LIKE most deejays, Alvina Teh Zhi Ling and Teo Wan Yuan spend their time fretting over how they sound and the enunciation of their words. Their voices soothe the ear, their English clipped and precise, and711 words
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Page 10 Advertisements
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Advertisement644 2005-05-09 10 >n~i■'■:•-:. ptejg. \<>, *yi'>.: :<» -Tfn*c^oggpf{fttftft4>^pth^ afa^ttp^r j,' ■"< t Py Iffly This is also a fad of life -ttee tp lookup' it?*,% wananted.' ssk Yet ockiiy enough, ajfcL*c ff^ v tf? tfjft s jfm 4ik 4*CCPyf j! y &>... p rl vr nnnrt .'1^w wl m z' v v644 words
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Advertisement252 2005-05-09 10 Be smart with your finances FANCY becoming the next Warren Buffet* or George Soros? Or even the famous Robert Kiyosaki? Then read on. The Young Investors' Forum, part of the BT-Citibank Tertiary Outreach Programme, isn't another dry page out of your financial textbook. To complement our editorial content, we have252 words
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DINING OUT
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Article, Illustration1829 2005-05-09 11 What's in season? Whether it's white asparagus, blue lobsters, truffles or oysters, we check out what's good to eat now from some restaurants' seasonal menus Raffles Grill The white asparagus is one classy veggie, prized since ancient Roman times for its supposed medicinal properties as well as itsdd - 1,829 words
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Page 11 Advertisements
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Advertisement677 2005-05-09 11 Savour the best 1 -for-1 deals. Only with Singapore's Hottest Dining Partner. sbssbssssss complimentary main course per table per bill. Tel: 6468 4688 (Lorong Course Si Chuan Don Hue: One for One Dish from Chef's Special Menu. Mambong), 6341 0188 (Colour* By The Bay, Esplanade), 6536 5366 SSSd™: Plaza Partcroyal).677 words
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Advertisement16 2005-05-09 11 DINING OUT A sponsored series on fine dining experiences brought to you by UOB Credit Card16 words
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MAKING BUSINESS SENSE
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Article, Illustration678 2005-05-09 12 CAROLYN QUEK - FACTORS TO SUSTAIN WORK-LIFE STRATEGY To implement work-life successfully, commitment at the top must be firm, writes CAROLYN QUEK CAROLYN QUEK HAVING a successful worklife strategy in place will no doubt reap many rewards for a company. But organisations need to realise that it takes678 words
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Article229 2005-05-09 12 WORK-LIFE programmes help companies retain good staff and be more competitive. Hence, a $10 million Work-Life Works! (WoW!) Fund was set-up on Aug 22, 2004. The WoW! Fund serves as an incentive for employers to offer more work-life programmes, in particular, flexible work arrangements. It will help229 words
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Article, Illustration834 2005-05-09 12 CAROLYN QUEK - By CAROLYN QUEK LOCAL tertiary institution Singapore Polytechnic (SP) began promoting work-life balance in September 2000 when it became a family life ambassador an initiative of the Ministry of Community Development, Youth and Sports. "We view our staff as a valuable asset and834 words
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ECONOMY WATCH
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498 2005-05-09 13 ANTHONY ROWLEY - Asia-Pac Trade Agreement to be launched in Beijing in September By ANTHONY ROWLEY in Tokyo THE concept of "SouthSouth" economic cooperation which became popular during the 1970s and then fell out of fashion is set to make a comeback in498 words
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Article, Illustration807 2005-05-09 13 But economists see little, if any, short-term impact NYT [GUANGZHOU, China] As speculators across Asia place ever larger bets on a revaluation of China's currency soon, investors and corporate executives alike are trying to prepare for what a more valuable yuan would mean for stocksNYT; BLOOMBERG - 807 words
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420 2005-05-09 13 [WASHINGTON] US carmakers are using growing congressional anger over the weak Chinese renminbi to boost pressure on Japan and South Korea to revalue their currencies as well a move they hope could ease competitive pressures on the beleaguered US industry, the Financial420 words
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188 2005-05-09 13 AP ICANBKRRA] The Australian government will use this week's federal budget to overhaul the welfare system to encourage more people into the workforce to cope with labour shortages, a senior finance minister said yesterday. The 2005-06 fiscal year budget to be delivered tomorrow will beAP - 188 words
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Page 13 Advertisements
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Advertisement185 2005-05-09 13 fwww.TRADINGwithLARRY.com World Champion Conmodltlos and Futures Trador. LARRY WILLIAMS it Racß in Rlngaßarol fm Larry Williams Is Back In Singapore ilB Larry Williams, aptly called "an ICON to all experienced traders, brokers and analysts I I I of the world" by the wealth creator show. Why?... because he is the185 words
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Advertisement275 2005-05-09 13 A(^^* r Si'2 ce lo of Com* Joln Forum! Km SHRIW dinKiliJd f RETHINKING HR TOMORROW: HR METRICS AND MEASUREMENT 113 July 2005, Wednesday, Meritus Mandarin Hotel J How do HR Professionals continue to broaden their role to focus on business results that enrich the organisation's value to customers, investors275 words
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MALAYSIA/INDONESIA
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411 2005-05-09 14 S JAYASANKARAN - Contract to supply, operate floating, production, storage facility for gas field By S JAYASANKARAN in Kuala Lumpur MALAYSIA International Shipping Corporation is expected to secure another long-term contract for the supply, operation and maintenance of a floating, production, storage and offloading (FPSO) facility411 words
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Article, Illustration580 2005-05-09 14 S JAYASANKARAN - MALAYSIA INSIGHT Protection for carmaker a big burden for M'sian taxpayer S JAYASANKARAN KL Correspondent THE total investment in Malaysia's automotive sector billion (***** million) last year, according to International Trade and Industry Minister Rafidah Aziz. Ms Rafidah did not give580 words
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354 2005-05-09 14 Reuters [KUALA LUMPURI Malaysia's central bank feels the ringgit is only slightly undervalued, but it will review its peg to the US dollar once China changes its policy on the yuan, a newspaper said yesterday, quoting the central bank chief. "I believe that at someReuters - 354 words
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256 2005-05-09 14 [JAKARTA! The government expects the bidding for two gas pipeline projects in Java to be completed in November, with the construction to start early next year, the Jakarta Post reported a top official as saying. Chairman of the Oil and256 words
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387 2005-05-09 14 Bloomberg [KUALA LUMPUR] Genting Bhd, Asia's biggest publicly traded casino operator, said it will combine its stakes in Stanley Leisure Pic and London Clubs International Pic, as part of a strategy to expand in the UK gaming industry. The move will enhanceBloomberg - 387 words
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Page 14 Advertisements
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Advertisement1786 2005-05-09 14 HyQ^^Q^2^^^^Fi^vertis^l^HreelBo^B9M22/Em^l^oticM9s^cmß^ I Deutsche Bank 12 DEUTSCHE BANK AG, LONDON BRANCH (Incorporated under the laws of the Federal Republic of Germany) NOTICE TO WARRANTHOLDERS To all holders of: (i) 50,000,000 European Style Cash Settled Call Warrants expiring on 13 June 2005 relating to the ordinary shares of Venture Corporation Limited (VENTURE1,786 words
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GREATER CHINA/INDIA
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Article, Illustration627 2005-05-09 15 Lawmakers fear fund may not attain HK$14b income target set in Budget [HONG KONG] Hong Kong's Monetary Authority chief executive and the financial secretary are to review the system for sharing investment income from the Exchange Fund, the South China Morning Post reported.627 words
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218 2005-05-09 15 Bloomberg [HONG KONG] The number of Hong Kong homes worth less than the value of their mortgage loans fell by 65 per cent in the first quarter as house prices rose and the economy expanded. The number of homes in so-called negative equityBloomberg - 218 words
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Article, Illustration195 2005-05-09 15 Reuters [SHANGHAI] Retail sales in China rose 17 per cent to 240 billion yuan (U5547.6 billion) during the long Chinese May Day holidays, as consumers opened their wallets over the week-long break, state media reported yesterday. Retail sales from the catering sectorReuters; AP - 195 words
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423 2005-05-09 15 [LONDON] Mittal Steel Co, the world's largest steelmaker, is considering building its first steel plant in India, after meeting with officials from the Jharkhand state government in the northeast of the country late last week. Three Mittal Steel executives visited the state, which holds423 words
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Article484 2005-05-09 15 Bloomberg [NEW DELHI] India will keep its full-year inflation target announced last week because the central bank had expected the surge in April prices. Reserve Bank of India Governor Y V Reddy said in New Delhi on Saturday. The inflation rate accelerated to 5.91 perBloomberg - 484 words
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Page 15 Advertisements
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Advertisement391 2005-05-09 15 I W7 1 1. 1 Diners C I ii I, C .1 r<l <>41 (> l >8( I Where to wine dine and entertain... L- Tp yQTT ttave YF.T« Pool tide, level 4, above Tangltn Mall. Reservations recommended.U: 6831 4373. Wine Breatheasy® removes the guesswork as to how long to391 words
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ASIA-PACIFIC/WORLD
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529 2005-05-09 16 Up to US$75b in profits returning to US at fraction of normal tax rate NYT I NEW YORK! A new tax break for corporations is allowing the biggest American drug makers to return as much as US$75 billion in profits from internationalNYT - 529 words
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289 2005-05-09 16 Reuters (LONDON! Citigroup is ready to cut a deal with the UK's Financial Services Authority (FSA) over allegations that it deliberately manipulated the European bond market last year, the Sunday Telegraph reported. The paper said it is believed that Citigroup mayReuters - 289 words
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131 2005-05-09 16 Bloomberg [LONDON] The Financial Services Authority is examining how hedge funds based in London function and will publish a report next month, said a spokesman for the FSA, the UK's securities regulator. "We've said before that we're looking into the hedge fund industryBloomberg - 131 words
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409 2005-05-09 16 Reuters, Bloomberg lI.ONDONI Atlanta-based Home Depot, the world's largest home improvement retailer, is in takeover talks with Kingfisher Pic, the Financial Mail reported yesterday. But Home Depot wants the UK company, the world's third-largest homeimprovement retailer, to dispose of its French business. The paper,Reuters,; Bloomberg - 409 words
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Article, Illustration194 2005-05-09 16 [LONDON] Darenote Ltd, which receives Kylie Minogue's earnings from lucrative sponsorship deals and her lingerie brand, recorded turnover of £816,000 (552.53 million) in 2004, a huge drop from the previous year's £7.6 million figure, the Observer reported. The company, which is run byAP - 194 words
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610 2005-05-09 16 Reuters (BASEL, Switzerland) Japan's four-year fight against stubborn deflation is here to stay for now. Bank of Japan governor Toshihiko Fukui said, but he warned against assuming the bank's ultra-easy policy would last indefinitely. In an interview with Reuters, Mr FukuiReuters - 610 words
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Article, Illustration654 2005-05-09 16 Reuters [NEW YORK] Wall Street dealmaker Bruce Wasserstein prevailed as Lazard Ltd completed an $854 million initial public offering last week, but a lukewarm debut and the pitfalls of running a listed investment bank may give other candidates pause. Lazard ended 157Reuters; BLOOMBERG FILE PHOTO - 654 words
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WORLD
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370 2005-05-09 17 Reuters, NYT [BOSTON] General Electric Co said last Friday that it would restate earnings for three years from 2001 after an internal audit found that its accounting for certain currency and interest rate derivatives did not comply with accounting standards. The restatement throughReuters,; NYT - 370 words
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Article, Illustration61 2005-05-09 17 [LONDON]A World War II veteran at the Cenotaph in London during commemoration of the 60th anniversary of the end of the war in Europe yesterday. US President George Bush, attending a ceremony in the Netherlands, paid homage to the "terrible price" paid by World War IIAFP - 61 words
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528 2005-05-09 17 Probe going on into possible improper accounting at unit Bloomberg, Reuters [NEW YORK] Warren Buffer's Berkshire Hathaway says the Securities Exchange Commission (SEC) may sue an unidentified executive at its General Re unit as the regulator investigates reinsurance accounting. The SEC sentBloomberg,; Reuters - 528 words
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513 2005-05-09 17 They receive US$170,000 this year, up from US$145,000 in 2003 median for men. Bloomberg [NEW YORK] US investment professionals' median pay climbed 17 per cent from 2003 as stock and bond market gains increased demand for experienced money managers, according to a studymedian for men. — Bloomberg - 513 words
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Page 17 Advertisements
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Advertisement804 2005-05-09 17 Sol ices I&ll noble group today's answer to tomorrow's growth NOTICE OF SPECIAL GENERAL MEETING NOTICE IS HEREBY GIVEN that a SPECIAL GENERAL MEETING of the Company will be held at ißth Floor, Mass Mutual Tower, 38 Gloucester Road, Hong Kong on 25 May 2005 at 10.00 a.m. for le804 words
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Advertisement813 2005-05-09 17 IN THF HIGH COURT OF THE REPUBLIC Qf SINGAPORE ADM NO. 283 OF 2004 C Between KABUSHIKI KAISHA FUKUSEKI MARU (Japan Company Registration No: *****1-*****3) Plaintiffs And (1) NURHAYATI, OWNER OF "BUDIJASA N0.12", (2) PT YOSHIKAWA ELECTRONICS BINTAN, Owners and/or persons entitled to the cargo lately loden on board the813 words
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Page 17 Miscellaneous
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Miscellaneous208 2005-05-09 17 CRYPTIC CROSSWORD 7 Check condition and restore 8 Lawful for example inside, all Ml IM mMI ■■sTBB wrong outside (5) JHh Guns 15 Encourage another to 26 Angry when equipment is LJ LhJ LJ— —L—J——LJ dropped in water 1 It has branches in Lebanon (5) about 100 parts (9) 10208 words
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AVIATION
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Article, Illustration777 2005-05-09 18 Full-service carriers slashing fares on same routes to attract business AFP [SINGAPORE] Asia's lowcost carriers (LCCs) are facing big challenges despite a tremendous year of growth as their established premium rivals sharply lower their fares in response to the competition, industry analysts said.AFP; FILE PHOTO - 777 words
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Article432 2005-05-09 18 AFP, Bloomberg [BOMBAY] India sees for itself this decade belonging to the civil aviation sector, just as the last decade was of IT and telecom for the country with over one billion people. India's Civil Aviation Minister Praful Patel said this while warning that theAFP,; Bloomberg - 432 words
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289 2005-05-09 18 Bloomberg [BANGKOK] Phuket Airlines Co, one of the first carriers set up after Thailand broke Thai Airways International's monopoly in 2001, said it has stopped flying to Amsterdam and London from Bangkok, losing half of its overseas routes. The airline was barred from flyingBloomberg - 289 words
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Article, Illustration452 2005-05-09 18 VEN SREENIVASAN - By VEN SREENIVASAN [SINGAPORE] Logistics and express courier specialist TNT's first quarter net profit rose 3.8 per cent to 191 million euros (*****.5 million), from 186 million euros a year earlier, thanks largely to strong margins from mail and express services.452 words
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151 2005-05-09 18 AFP [JAKARTA] Governors of the 10 provinces on the Indonesian island of Sumatra have agreed to join forces to establish an airline to serve local routes, a report said here. "The concept was welcomed by all governors in Sumatra and a meeting will be heldAFP - 151 words
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Article1888 2005-05-09 18 FLKMT IT* HJCMT fTP M.633 2255 MI63B 1425 SQ5024 2255 SQ5024 1425 kkkMt 1WP narwin A F8087 1850 BA7381 1850 rw4 ££SS2? ]5§2 QWi i«> ore! ilso ?$50 2255 Dano Ml566 1925 Ml566 0905 KLB37 1450 5Q324 2345 MM S0407 0715 IC856 1145 SQ 348 01Q91,888 words
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Page 18 Advertisements
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Advertisement24 2005-05-09 18 I S* Lianhe Zaobao I Cashcard I I transactions rose I |40times I jll over 4 yearsl M H II yJuuf f Jf 111124 words
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SHIPPING/AVIATION
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604 2005-05-09 19 AP [NEW YORK] After spending more than $4.5 billion on screening devices to monitor the nation's ports, borders, airports, mail and air, the federal government is moving to replace or alter much of the anti-terrorism equipment, concluding that it is ineffective, unreliable orAP - 604 words
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384 2005-05-09 19 Reuters [DUBAI] The United Arab Emirates is planning a 21 billion dirham (559.5 billion) expansion of Abu Dhabi airport in an effort to revamp the city's profile and attract millions of tourists. The project includes a new terminal building and second runway,Reuters - 384 words
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Article, Illustration613 2005-05-09 19 DONALD URQUHART - Admiral Fallon says region can do adequate job in securing straits By DONALD URQUHART [SINGAPORE] In an apparent nod to the art of diplomacy, the US has said the three littoral states of Malaysia, Indonesia and Singapore can do a "very adequate" job ofAFP - 613 words
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Article, Illustration347 2005-05-09 19 YEN SREENIVASAN - By YEN SREENIVASAN SINGAPORE-LISTED work boat owner Ezra Holdings has taken delivery of what is claimed to be the largest and most highly specialised tug boat of its kind in Asia. Minister of State for Finance and Transport Lim Hwee Hwa347 words
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Article303 2005-05-09 19 SGX '000 May 6 S$ Vol CH Offshore .0.35 0.01 1429 ChuanHup .0.74 0.01 1950 Cosco Corporation 1.81 0.01 ***** CWT Distribution 0.60 unch 0 Ezra Hldgs 1.28 0.02 281 Freight Links 0.08 -0.01 203 Grand Banks Yacht 0.97 0.01 18 Java Holdings 1.06 unch 815 K1 Venture303 words
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Article259 2005-05-09 19 Bloomberg {LONDON] Shipping costs for coal and other commodities rose, posting their biggest gain since February, after holidays in Asia and Europe ended, boosting demand for vessels. The Baltic Dry Index, which measures the cost of chartering different size vessels on worldwide trading routes,Bloomberg - 259 words
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188 2005-05-09 19 AP [HANOI] Rescue workers were searching for 23 Vietnamese sailors who were reported missing off the coast of China, state-controlled media reported. The Mongolian-regis-tered Sea Bee cargo ship was en route from China's northern Qinhuang Dao city to the Philippine capital of Manila withAP - 188 words
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390 2005-05-09 19 Bloomberg [SEOUL] Hyundai Merchant Marine Co, South Korea's second-largest shipping company, said its firstquarter profit rose to a record after it cut interest costs and raised rates for carrying goods from Asia to the US and Europe. Net income rose 52 perBloomberg - 390 words
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Advertisement218 2005-05-09 19 Call toU-lrce 1800 289 8822 NOTICE OF INTENDED PREFERENTIAL DIVIDEND UNDER SECTION 328(1 Kb) TO (e) OF THE COMPANIES ACT (CHAPTER 50) Name of company SPECTROL INDUSTRIES PTE LTD (In Creditors' Voluntary Liquidation) Reg No. *****1028W Address of registered office 18 Cross Street #08-03 Marsh McLennan Centre Singapore *****3 Last218 words
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Article10590 2005-05-09 20 STRAITS TIMES INDEX STOCKS Stock name Wt Close change Allgreen 50c 0.31 1.200 *0030 Ascendasreit 1.01 2 030 +0 030 BIL Intl US20C 0.55 1 250 CapitaLand 1 56 2 390 -0 050 CapitaMall 0.76 2.230 +0.030 Chart SemiCond 26c 0.70 0 985 +0.005 CityDev 50c 2.22 7.10010,590 words
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Article6149 2005-05-09 21 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES taMam k MUSS %r «>y r <*r %r H»y t mdtai Omwq« Oiigi C)M«g» gjjg SHBK Wcrid Indtst Preliminary 846 3 04 -07 04 19 0.1 -24 I iAfE Preliminary 7852 0 7 H 04 -13 at -10 fi**eftelimmary ***** 04 18 006,149 words
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Advertisement2060 2005-05-09 22 I TO USA/CANADA "I I EXPORT I I OTHER DESTINATIONS [VESSEL VOY PKG lETAS»<| LONG BEACH I DALLAS I HOUSTON iMEMPtRS IORCAGOI NEW YORK TO AUSTRALIA (AUBTRAUA ASIA EXPRESS) 1 OOCL HANJIN 02E19 10/05 11/05 I 27/05 02/06 03/04 01/04 01/04 04/04 VKSa VOY' "msST PIG I HI I W2,060 words
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Advertisement841 2005-05-09 22 ttITIIASIA KOtO mtvia vbsb/vot Mwrqa) hbgwtw wg km m sm m STtAITS EXPRESS 39 30 4.2S 23/04 2S/W 27/04 STWnSVBnUttO»/05 IS 3.2 22/04 04/05 06/05 01/05 STUnSffIfTUKIO/OS I IS I 3.2 10/05 12/05 I I AUSTKAUAN KORO SKKVKI I VBSa/VOT I Mfgp I HBGHHWI U1 Ml JKT MM STB MB841 words
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Advertisement1181 2005-05-09 23 r MOL Combines o range of sHippinc modes to Mitwi timely, reliable servicet covering major ports mi IJU-JL A manm P. irjm inrfnn A«U ASwL ji M. ArermifT norifl AfMiICQ/ CUiOpQ/ Aipcni/ Ainco w Abe ottspt hrtrc-Aski €s|w Ik BUSAN KWAMGYAMG SHANGHAI YANTIAN XUMEM QMGMO HUMAN JAKARTA SUIAtAYA KAOHSMJHC IAMGKOK1,181 words
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Advertisement1251 2005-05-09 23 VESSEL VOY SIN JKT HKG j KHH j IWC KYH PUS VESSEL VOY SIN JKT SUB HKG USN PUS HY PtOGKESS OTSS 12/5 14/5 U/5 21/5 23/5 2S/5 2S/S KMTC SINGAPORE SQ7S 15/5 18/5 19/5 24/5 2»/S 29/5 HY BRIDGE 0945 19/5 21/5 24/5 2S/5 30/5 1/4 1/4 KMK SHANGHAI1,251 words
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Advertisement813 2005-05-09 23 m WEEKLY EXPRESS SAILING SCHEDULE I" ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICD POINTS I VESSEL I VOT 1 SIN I PJtIAWGi COLOMBO llt SHEVA I COLOMBO I PACIFIC QUEST I 0006W 109 MAY 110 MAY I 13 MAY I 16 MAY I 19 MAY I BAYBMOGE J 009W813 words
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Advertisement728 2005-05-09 24 lUjkf WALLENIUS WILHELMSEN website: http://www.2wglobal.tom VESSEL "VOY RAMP tie ~MAO~ HOU# Ml* SAV »AL ORE HVC HEW MO» TARAGO AFSI2 320 Tons 6.4 M I 16/05 10/06 19/06 23/06 27/06 25/06 07/07* TAMERLANE AFSIS 320T0« 6.« M I 12/06 03/07 12/07 16/07 20/07 18/07 30/07* TAIKO AFSI6 ***** ms 6.4728 words
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Advertisement1197 2005-05-09 24 VESSEL VOY SIN PGU YKttl Yfll 51H JKI PAC, AND A H66N~ 10/05 io/oT 4% gg Hj«CSF23OI 011SP 10/05 11/05 paciau AIM li/fli Wlli PACBAMOA 1467 M 11/05 12/05 CSF 2301 0119P 12/05 14/05 PACBANDA 146SN 13/05 13/05 VtSSEI M SIR M PACBANDA 1469N 14/05 15/05 !ggg H3 8® 22/1,197 words
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Advertisement619 2005-05-09 24 BSA x MYANMA ■H FIVE STAR UNE (Myanmor National Line) Loading for Yangon VESSEL VOY SIN PKI PIN PGU PAGAN 341W SLD HPA-AN 337W SID IN MALAYSIA: IOUSTEAD SHIPPING AGENCIES RUI/PKU 03-*****388 PEN: 04-*****15 ACCEPTING CONVENTIONAL C6O VESSEL VOY HKG SIN PGU PU UK LION HEART 131 SID SLD SU)619 words
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Advertisement780 2005-05-09 25 Guaranteed Sailing! I Service from Singapore to: I Los flngeles Keelunq I 14 days transit. Mon A Thurs cut-off I #MUR SHIPPING INDIAN OCSAN ISLANDS/SOUTH AFRICA VESSEL TWU KK MIRI 1M Si PI MIS REUNION DM II PI CT VOYAGER V 032 SdM SdU SdU S*d SaM 10/0S 18/05 24/05780 words
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Advertisement1155 2005-05-09 25 FREIGHT LINKS EXPRESS PTE LTD 51 Penjuru Road, 3 Level, Freight Links Express Logisticentre, Singapore *****3. Tel: *****511 Fax: *****577 ▼IwHr E-mail: flesin@singnet.com.sg Website:http://www.freightlinks.net LCL SERVICE TO CHINA ASIA M CEBU DALIAN HONG KONG JAKARTA QINGDAO ftj ffllJh fo| SHANGHAI SURABAYA XINGANG XIAMEN y BEST LCL RATES TO AARHAUS ASHDOD1,155 words
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Advertisement651 2005-05-09 25 280N 07-08/05 13-14/05 20-21/05 I HMRH TIGER SKY 281N 10-11/05 17-19/05 24-25/05 I HUnhml TIGER WAVE 282N 14-14/05 20-22/05 27 28/05 ■jTHTMH TIGER PEARL 283N 17-18/05 24-26/05 31-01/06 ■■■■■TIGERSEA 284N 20 21/05 27-29/05 03-04/06 1 TIGER SKY 285W 24-25/05 31-02/06 07-08/06 Wi:W.UtI:I«PHIITAN 315 15-16/05 23-75/05 02-03/06 R ■tffHlfflN TIGER SPIRIT651 words
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THE BUSINESS TIMES SHIPPING TIMES
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6685 2005-05-09 26 ETA ETA Advertiser Vessel Vow Telephone ETA ETA Advertiser Vessel Tetephone ETA ETA Advertiser Veael Vyf» Telephone ETA FTA A*ertw VmmI Tefcphot ETA ETA Adverser VewH Voyy SIN Desfn Mm Name Number Number SIN Oesfn Name Name Nwntw Number SM DesTe Name Name Number6,685 words
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BizIT
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Article, Illustration629 2005-05-09 27 ROLAND LIM - It hopes to grab 25% of high-end segment of local market By ROLAND LIM FULFILLING its promise earlier this year to enter the regional notebook market, Samsung Electronics launched four models last week in a bid to capture a slice of the high-end notebook629 words
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Article, Illustration720 2005-05-09 27 CHRISTOPHER LIM - <cool stuff> The Zircon A108 offers a good balance of functionality and size, says CHRISTOPHER LIM CHRISTOPHER LIM MOBILE phones have been outpacing PDA phones in the race to get smaller and slimmer, but homegrown Oswin Technology has narrowed the gap with what it claims720 words
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147 2005-05-09 27 [LOS ANGELES] Computer animation company Pixar reported last Thursday net income of US$Bl.9 million in the quarter ended April 2, compared with U5526.7 million in the same period last year. Pixar's quarterly reve- nue tripled to US$l6l million compared with U5553.9 million in the same147 words
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98 2005-05-09 27 Reuters [BANGALORE] Sun Microsystems Inc, which makes network computers and related software, said on Friday it would double the number of staff at its Indian engineering centre to 2,000 over the next two to three years. Officials of Sun said they wouldReuters - 98 words
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Article, Illustration660 2005-05-09 27 BILL DIAMOND - <you say> BILL DIAMOND MOBILITY certainly creates value. Mobile devices are not only cheap to acquire and easy to use but they also offer wide access to information and applications. At the same time, they increase efficiency, improve customer service and660 words
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<what's new>
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93 2005-05-09 27 STARHUB has launched the fastest broadband service in Singapore Max Online Ultimate. It offers downloads of up to 25Mbps and uploads of up to IMbps. Targeted at heavy Internet users, Max Online Ultimate costs 121.80 including GST, a month. Those who subscribe93 words
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Article, Illustration157 2005-05-09 27 GAMING enthusiasts here will finally be able to get their hands on Sony's portable entertainment system, Play Station Portable (PSP), come May 12. Priced at $455, the PSP Value Pack bundles the PSP (above) with a 32M8 Memory Stick Duo,157 words
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Article, Illustration98 2005-05-09 27 EPSON has released its first multimedia storage viewer, the Epson P-2000 (above). Targeted at professional photographers and serious photography enthusiasts, the Epson P-2000 allows them to transfer images from memory cards onto the device's 40GB hard disk via its built-in memory card slots. Photos98 words
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155 2005-05-09 27 APPLE has released its fastest Power Mac ever the dual processor Power Mac G5 2.7 GHz. The new Power Mac Gss also features a faster 16x Super Drive with double-layer support for faster DVD burning, and 512M8 of memory which is155 words
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Article, Illustration97 2005-05-09 27 ROLAND LIM - Compiled by ROLAND LIM CISCO Systems has released new wireless-enabled integrated services routers aimed at small and medium-sized businesses (SMBs). The new Cisco 1800 series and Cisco 800 series integrated services router models (above) deliver secure lEEE 802.11 wireless LAN capabilities with97 words
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Article, Illustration673 2005-05-09 28 RAJU CHELLAM - Voice over Internet Protocol and 'hot spot' technology will merge to offer Voice over Wi-Fi, tech experts tell RAJU CHELLAM at the Interop exposition in Las Vegas RAJU CHELLAM EVFN before two emerging technologies have become mature, a threat is posed byFILE PHOTO - 673 words
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Article397 2005-05-09 28 RAJU CHELLAM - By RAJU CHELLAM in Las Vegas UNTIL late last year, some market analysts were predicting the demise of the personal digital assistant, as mobile phones were taking over the PDA's functions. But the tide has changed. In the first three months of the year, 3.4397 words
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Article, Illustration470 2005-05-09 28 ROLAND LIM - By ROLAND LIM JAPANESE IT solutions provider Fujitsu Asia Pte Ltd last week officially opened its $3.5 million Platform Solutions Centre in Singapore (PSCS) which serves the South-east Asia and South Asia region. Osamu Akiba, Fujitsu's director of its Platform Solutions Centre in Japan,FILE PHOTO - 470 words
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<what's up>
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86 2005-05-09 28 PC Show 2005 will be held from June 2 to 5 at Hall 6 of Singapore Fxpo this year. The four-day event will feature bargains on computers, gadgets and IT peripherals such as printers and digital cameras. This year, Games86 words
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69 2005-05-09 28 NASDAQ-LISTED wireless broadband solutions provider Alvarion has appointed Patrick Duncan managing director of its operations in Asia. Based in Singapore, Mr Duncan has 18 years ol experience in the telco industry, of which 16 years were with Lucent Technologies. He will69 words
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76 2005-05-09 28 NASDAQ-LISTED IT solutions provider Ness Technologies has appointed Rohit Gandhi managing director of Ness Technologies Singapore, which is its Asia-Pacific headquarters. He is responsible for the Asia-Pacific operations of Ness Global Services, the offshore services division of Ness Technologies. Mr Gandhi76 words
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69 2005-05-09 28 ROLAND LIM - Compiled by ROLAND LIM OPRN source solutions provider Red Hat has appointed Jamie Pride its director of services in Asia-Pacific. Based in Singapore, Mr Pride will be responsible for all of Red Hat's services in the region, including professional, support,69 words
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Advertisement55 2005-05-09 28 O fntentfa the intelligent choice In order to compete successfully, companies are: Shortening supply chains Reducing stock levels Improving cash flow efficiencies companies to achieve these goals. Intentia Asia Pacific Pte Ltd 8 Cross Street #12-05/06 PWC Building Singapore *****4 if" jk Tel: 6788 8769 Fax: 6788 8757 jmEmail: info@intentia-ap.com55 words
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Advertisement10 2005-05-09 28 <you say> Don't play catch-up with mobile security PG 2710 words
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