The Business Times, 24 May 2005
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2005-05-24
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The Business Times
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Title Section17 2005-05-24 1 THE BUSINESS TIMES SINGAPORE 85Tefirr u l)nline at http://business-times.asia 1 .com.sg MICA (P) 089/03/2005 Tuesday May 24,200517 words
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Article, Illustration765 2005-05-24 1 KALPANA RASHIWALA - BT exclusive CEO of the property heavyweight hopes to see the group's market cap doubling in 5 years By KALPANA RASHIWALA [SINGAPORE] Capita Land president and CEO Liew Mun Leong aspires to double the total market capitalisation of the group's listed companies765 words
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801 2005-05-24 1 ANGELA TAN - By ANGELA TAN [SINGAPORE! Profitable companies with surplus cash like Singapore Exchange, Singapore Post, Robinsons and even Fraser Neave are among the likely beneficiaries when the Companies (Amendment) Bill comes into effect. Lawyers and auditors tell BT that the BUI, passed in Parliament801 words
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Article85 2005-05-24 1 MARKETS Monday Changs KLSECOMP Ctaed NIKKEI 225 11.158.65 <-***** HANG SENG 13JW.13 -t&29 SET INDEX doted JAKARTA COMP 1.045.15 -2.96 MANILA COMP 1.883.48 -3.25 SEOUICOMP 951.05 -1.14 SHENZHENB 228.99 -4.01 BOMBAY INO 6,539.83 +40.33 At 12 noonEST Change DOW 10.508.04 +36.13 NASDAQ 2.052.09 +5.67 FOREX us$ s$ USSSSpwUSS)85 words
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Page 1 Advertisements
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Advertisement145 2005-05-24 1 DR DOOM Mare Paber bullish on Sing dollar, ringgit pgis nMAKING A DIFFERENCE Raffles Medical's chief reaches HEARTS DESIRE More patients opting for angioplasty PG3 BUCKING THE TREND Advanced Holdings shines among new listings PGS Spotlight on SMEs V •j r •X I Creatinq brand Best World Spiral m 1145 words
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TOP STORIES
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Article, Illustration1049 2005-05-24 2 AMIT ROY CHOUDHURY - Not all companies have resources to fight drawn-out law suits, experts say Reports by AMIT ROY CHOUDHURY [SINGAPORE] A recent judgment by the Singapore High Court on a patent infringement suit brought by homegrown technology company Trek 2000 has been hailedFILE PHOTO - 1,049 words
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102 2005-05-24 2 [SINGAPORE] Prime Minister Lee Hsien Loong will be cutting short his trip to Japan following news of the death of his mother-in-law, Channel News Asia reported yesterday. Mr Lee, who is in Japan to meet with Prime Minister Junichiro Koizumi and other102 words
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345 2005-05-24 2 [SINGAPORE] Companies that have Valuable injeft lectual property (IP) butWen't in a position tofigjit lengthy court battles,, especially in tries, to protect their IP<an!tyt>k at varioustyptjons, says David Llewelyn, direCtonofTjm IpApackmiy of Singapore. One of these could be like Trek is planning to strike a345 words
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Article, Illustration779 2005-05-24 2 Firms urged to explore strategies to protect IP rights SINGAPORE'S homegrown technology company Trek 2000 may have just won a court battle against infringement of its patent. But lawyers say the legal route may not be the only way to go. In particular, they think Singapore companies should779 words
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Article, Illustration969 2005-05-24 3 CHEN HUIFEN - Improvements in techniques drive switch from bypass surgery By CHEN HUIFEN [SINGAPORE] Angioplasty is becoming more popular in treating coronary artery disease than bypass surgery, going by the statistics provided by health institutes here. Figures provided by the National Heart Centre (NHC) show that betweenFILE PHOTOS - 969 words
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520 2005-05-24 3 Bloomberg [WASHINGTON] The US economy will slow more this year than previously thought and inflation will accelerate, a survey of economists showed. The US economy may expand by 3.4 per cent this year, less than the 3.6 per cent projected inBloomberg - 520 words
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Page 2 Advertisements
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Advertisement35 2005-05-24 2 slmplier can tofe Freshly brewed coffee a simple touch on on interactive touch-display panel. Equipped with the innovative Saeco Brewing System, soeco'ss#y#/shc3nde/eganf aufomaf/c V V espresso machines ensure high performance. #eod/ng deporfmenf e/ecfhcal sfores (j35 words
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Page 3 Advertisements
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Advertisement135 2005-05-24 3 We are honoured to receive Euromoney s recognition of our leadership in private banking. It testifies to our commitment to clients and excellence in wealth management. We look forward to continue being the trusted partner of our clients in Singapore as they think about future generations. I To have your135 words
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COMPANY NEWS
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Article, Illustration712 2005-05-24 4 CHUANG PECK MING - BKN Int'l scraps plans to list in S 'pore It'll do a private placement in S'pore, UK and Germany instead By CHUANG PECK MING GLOBAL animation company BKN International, which set up shop here last year, has abandoned plans to list on the Singapore Exchange (SGX). Instead, it will raise712 words
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Article, Illustration1009 2005-05-24 4 WONG WEI KONG - HOCK LOCK SIEW By WONG WEI KONG SO ALL that glistered was not gold. The huge, early success of Citiraya Industries as a listed company and its subsequent fall, all within a short period of two-and-a-half years, is a stark reminder that whenFILE PHOTO - 1,009 words
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Article, Illustration606 2005-05-24 5 WONG WEI KONG - Process equipment firm has soared 170% since last September By WONG WEI KONG THE track record of recent listings on the Singapore Exchange (SGX) has been dismal. But one small-cap stock, Advanced Holdings, has been quietly bucking the trend. Advanced's shares ended at 54FILE PHOTO - 606 words
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Page 4 Advertisements
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Advertisement501 2005-05-24 4 Lianhe Zaobao Zaobao laaflNTU I IJafeihaMlsl I to rank I I competitiveness I I of different parts I I of China I II Virgin (stands Islands ;:vttahamas. Mauritius Hongkong ■■WWII 'T Full nominee, management, secretarial, banking and corporate administration services are available. We also specialize in offshore trusts for assets501 words
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Advertisement103 2005-05-24 4 MERITUS MANDARIN SINGAPORE A Tale of 2 Cities Delicious Dishes from Kuala Lumpur and Ipoh 1-31 May 2005 Tuck into authentic dishes like Garlic Chips Chicken Rice, Baked Stuffed Fish in Fresh Turmeric Leaves and Coconut Pancake with Orange Sauce in plush comfort! Buffet Lunch (12.00 noon to 4.45 pm)103 words
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Page 5 Advertisements
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Advertisement1638 2005-05-24 5 NOTICE OF MEETINGS THIS NOTICE IS IMPORTANT AND REQUIRES THE IMMEDIATE ATTENTION OF BONDHOLDERS. IF BONDHOLDERS ARE IN ANY DOUBT AS TO THE ACTION THEY SHOULD TAKE, THEY SHOULD CONSULT THEIR OWN INDEPENDENT PROFESSIONAL ADVISERS. 24 May 2005 PERIOOT INVESTMENTS LIMITED (the "teeuer") (Company Registration No: *****3391Z) (Incorporated in the1,638 words
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SINGAPORE NEWS
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Article, Illustration1308 2005-05-24 6 CHEN HUIFEN - Raffles Medical's chief is also an avid volunteer, writes CHEN HUIFEN CHEN HUIFEN LOO Choon Yong remembers his early days at Sana (Singapore AntiNarcotics Association) very vividly still after about a decade of work to rehabilitate drug addicts. "When I first started this work, I was veryARTHUR LEE - 1,308 words
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Page 6 Advertisements
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Advertisement482 2005-05-24 6 own a piece of |c)'a.r 3 a.dxse from »B^BHTffl At Marriott Vacation Club our for why we invite you to be our guest for a 90-minute personal preview of Vacation Ownership, Marriott exchange for time, well give you a to remember: Enjoy a Complementary "Holiday Deluxe Garden Room Airport Transfer482 words
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SME spotlight
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Article, Illustration1017 2005-05-24 7 NANDE KHIN - Though SMEs are catching on to the importance of branding, many are still not doing it effectively. NANDE KHIN reports NANDE KHIN AWARENESS of the importance of branding is rising among small and mediumsized enterprises (SMEs) here. But many of them still aren't branding and marketing themselvesFILE PHOTOS - 1,017 words
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Article, Illustration721 2005-05-24 8 ANGELA TAN - SMALL CAPS New markets like Indonesia and China are expected to boost Best World's earnings. ANGELA TAN reports ANGELA TAN BEST World International, a direct seller of cosmetics, nutritional supplements and skin care products, expects to sustain its robust 2004 sales and earnings goingARTHUR LEE - 721 words
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424 2005-05-24 8 TEH HOOI LING - Small-cap portfolio slips 2.1 in 2 weeks By TEH HOOI LING THERE were several extreme performances among the stocks in our small-cap portfolio in the past couple of weeks. Some turned in better-than-expected results, while others disappointed The biggest disappointment was Eastern Asia Tech, Which saw a doubling ofte firstquarter424 words
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225 2005-05-24 8 ENTREPRENEURS and starts-ups looking for a platform to try out their products and services at nominal cost should look no further than the Action Community for Entrepreneurship's Blue Sky Carnival in July. The carnival, from July 16-17 at Suntec convention centre, will be open to members'225 words
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144 2005-05-24 8 NOMINATIONS for this year's Enterprise 50 (E5O) and eso.startup awards are now open, and local privately-held companies are eligible to be recognised as Singapore's most enterprising businesses. The E5O Awards, now in their 11th year, recognise that top 50 companies that have outshone others in areas144 words
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Article, Illustration1927 2005-05-24 9 DANIEL BUENAS - CONNECTING BUSINESS WITH HSBC Managing operational risk is a key process of any business. DANIEL BUENAS finds out what industry players have to say about the issue DANIEL BUENAS PARTICIPANTS: Jimmy Chang, executive director of Ntegrator, an integration specialist for network infrastructure andREUTERS - 1,927 words
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Article, Illustration852 2005-05-24 9 CHLOE CHOY - By CHLOE CHOY CHIEF executive officer of Spiral Communications Roderick Chia does not come across as your typical pompous businessman not to this reporter, at least. If not for the tell-tale strands of silver hair, the 35-year-old entrepreneur could have easily passed off as852 words
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Page 7 Advertisements
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Advertisement171 2005-05-24 7 A local brand helps the world take a break. ti|H^'':ffl|H^^^^^^^^| I r siPSv W Mm I m W i? v 'i v j A global bank helps the local brand get the right breaks. When local brands want to expand across borders, they find a perfect We will work with171 words
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Page 8 Advertisements
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Advertisement386 2005-05-24 8 £*71 l^aturafProducts Natural Products Organic Asia 2005 Organic 'Asia 20 OS The Second International Exhibition Conference for the Natural Organic Products Industry incorporating www.npoasia.com I 28-30 June 2005 I Singapore Expo, Hall 4A Natural Organic ProdDeta UP %V\% %«a 4> held concurrently with \W Health Beauty Asia 2005 1 I386 words
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Page 9 Advertisements
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Advertisement75 2005-05-24 9 Manage your business risk with HSBC We provide a comprehensive range of financial solutions for companies of various industries. If you are looking for cash management, trade services, financing local or overseas expansion, treasury services and insurance packages, contact us today. 1800 216 9008 t contact@hsbc.com.sg ►►►►Commercial Banking 4H* HSBC<»75 words
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ECONOMY WATCH
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544 2005-05-24 10 Ties at closest in history, says visiting China NPC chairman AFP [SYDNEYI The first round of historic Free Trade Agreement (FTA) talks between China and Australia began yesterday, with Beijing's second-highest ranking official saying ties between the two nations had never been closer. Wu Bangguo,AFP - 544 words
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145 2005-05-24 10 Reuters, Bloomberg [BEIJING] China's gross domestic product expaitded 9.4 per cent in the first quarter of 2005 from a year earlier, revised down from an initial estimate of 9.5 per cent because of weaker industrial output growth, the National Bureau of Statistics said.Reuters,; Bloomberg - 145 words
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241 2005-05-24 10 Bloomberg [SHANGHAI] China raised this year's quota for domestic companies to buy foreign currencies for investment abroad by 52 per cent after the country's foreign reserves rose to a record U*****.1 billion at the end of March. Companies can invest a combined US$5Bloomberg - 241 words
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Article, Illustration1166 2005-05-24 10 Some fear Fed may 'overshoot' rate hikes and heighten recession risks Bloomberg [WASHINGTON] FEDERAL Reserve chairman Alan Greenspan, in the last great battle of his career, is waging a war against inflation that bond traders say he's already won. The difference of opinionBloomberg; REUTERS - 1,166 words
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Article, Illustration682 2005-05-24 10 It will buffer any slowdown in orders from US, Europe Bloomberg [WASHINGTON/BEIJING] China's textile makers, who spent US$l4.3 billion last year on factories and materials, say local demand will buffer any slowdown in orders from Wal-Mart Stores Inc and Carrefour SA because ofBloomberg; IMAGINECHINA - 682 words
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Page 11 Advertisements
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Advertisement864 2005-05-24 11 7 Macc)uarle Bank Group's first listed H Infrastructure fund in the Asian region H I i«. Macquarie Bank Group (Macquarie) is a global leader in advising on infrastructure financing, acquisition and management. Macquarie now has over Ss32 billion in infrastructure assets and businesses under management and manages 67 infrastructure assets864 words
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MALAYSIA/INDONESIA
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Article, Illustration727 2005-05-24 12 SHOEB KAGDA - INDONESIA INSIGHT Much is riding on the Indonesian president's visit to Washington tomorrow SHOEB KAGDA Jakarta Correspondent SUSILO Bambang Yudhoyono will become the first directly-elected Indonesian president to visit the White House when he calls on US President George W Bush tomorrow. Mr Yudhoyono's visit727 words
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337 2005-05-24 12 Bloomberg JKUALA LUMPUR] Malaysia's economy probably expanded in the first quarter its slowest pace in almost *wo years as global demand Jor computer chips and electronics slumped. South-east Asia's thirdlargest economy grew 5.1 Jper cent from a year earlier,Bloomberg - 337 words
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435 2005-05-24 12 [JAKARTAI Recently disclosed alleged irregularities at 16 state enterprises may have caused more than 2.7 trillion rupiah (*****.9 million) in state losses, a report from the Office of the State Minister for State Enterprises said. Leaked over the weekend, the Jakarta Post435 words
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Page 12 Advertisements
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Advertisement101 2005-05-24 12 H P^(P|HH^HBH^^^^^^HS^'' r 7 v v E, 1. -3k| BPS';■ RPI& SIMP' 1 Hb 9Hk *JPB* Sum j$ destination. Leveraging on Ljanhe Zaobao and Singapore Promising Brand Award (SPBA), Bee Cheng has to b §|J «s^^ 1 J B 9 Kj I iSrf.it ?iuS iff 5 V,. m-i <f ij101 words
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INDIA
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Article, Illustration525 2005-05-24 13 Cut subsidies, plow funds into social sector, investment job creation: Singh Reuters. Bloomberg [NKW DELHI] Indian Prime Minister Manmohan Singh said on Sunday the country needs bold economic steps to cut subsidies, create jobs and ensure that the benefits of growth in Asia'sReuters.; Bloomberg; AFP FILE PHOTO - 525 words
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Article300 2005-05-24 13 AP (NRVV DHLHI] Police yesterday boosted security at cinemas in New Delhi as they investigated bombs that killed at least one person and wounded 50 at two theatres showing a film condemned by Sikhs. Another explosion yesterday injured one man, but it was unclear ifAP - 300 words
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561 2005-05-24 13 [NEW DELHI] When the going gets tough, the Chinese simply cross the Wall. Faced with a higher tax on exports following pressure from the US and the European Union, large Chinese textile suppliers to Wal-Mart are relocating their manufacturing base to India, according to an561 words
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Page 13 Advertisements
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Advertisement261 2005-05-24 13 I dbwarrants DB Warrants Expert Sandra Lee provides a daily analysis of the warrants market Introducing a brand new radio show that prepares you for the trading day dbwarrants is part of X-markets, your access in warrants. From the latest local news to updates on how overnight news to the261 words
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GREATER CHINA
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Article, Illustration640 2005-05-24 14 But it will not compromise on its strict disclosure standards [SHENZHEN] The New York Stock Exchange (NYSE) may be rattled by its main European competitor in the race to secure China listings but the message recently delivered to mainland firms is that size640 words
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Article, Illustration485 2005-05-24 14 AP [SHANGHAI] Forget about Paris and New York. Chinese dying for haute couture gowns or the latest luxury bags can now shop right at home. Makers of luxury apparel, liquors and other goods increasingly are looking to China, India and other developing countriesAP - 485 words
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300 2005-05-24 14 Reuters [TOKYO] Chinese VicePremier Wu Yi cancelled a meeting with Japan's Prime Minister Junichiro Koizumi yesterday and returned home a day early, prompting a diplomatic stir. Ms Wu and Japanese officials cited domestic commitments as the reason for cancelling the meeting, which hadReuters - 300 words
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Article, Illustration446 2005-05-24 14 Reuters [BEIJING] China has sealed off nature reserves and rushed more than 3 million doses of bird flu vaccine to a remote western province after migratory birds were found dead from the HSNI strain, which can be fatal to humans. Poultry acrossReuters; AP - 446 words
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Page 14 Advertisements
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Advertisement483 2005-05-24 14 CREDIT FIRST SUISSE BOSTON Consolidated Balance Sheet at 31 December 2004 2004 2003 ASSETS CHFm CHF m Cash and due from banks 21,314 20,240 Interest-bearing deposits with banks 3,635 4,837 Central bank funds sold, securities purchased under resale agreements and securities borrowing transactions 255,261 247,486 Securities received as collateral 20,016483 words
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Advertisement527 2005-05-24 14 Consolidated Income Statement 2004 2004 2003 CHF m CHFm Interest and dividend income 20,606 18,437 Interest expense (16,883) (14,282) Nat Inter—t Income 3,723 4,155 Commissions and fees 8,568 8,544 Trading revenues 2,912 2,098 Realized (losses) gains from investment securities availabie-for-saie, net (12) 47 Other revenues 2,366 765 Total nonlntorsst revenues527 words
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ASIA-PACIFIC/WORLD
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Article, Illustration423 2005-05-24 15 AP. Reuters [LONDON] Thousands of British Broadcasting Corp (BBC) journalists and technicians began a 24-hour strike over proposed job cuts yesterday, severely disrupting radio and TV programs. The stoppage, one of the biggest in the BBC's recent history, prevented flagship morning news program Today fromAP.; Reuters; AP - 423 words
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WORLD WATCH
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Article80 2005-05-24 15 Reuters [NEW YORK] Apple Computer has been in talks that could lead to a decision soon to use Intel Corp chips in its Macintosh computer line, the Wall Street Journal reported yesterday. The report, citing two industry executives, said Apple will agree to useReuters - 80 words
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80 2005-05-24 15 Reuters [LONDON] British Land Co yesterday agreed to buy Pillar Property for £811 million (552.4 billion) in cash to boost its position in the strongly performing out-of-town retail property sector. Britain's largest property investment company by assets said it was paying 855 penceReuters - 80 words
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113 2005-05-24 15 Reuters [SEOUL] Posco, the world's fifth-largest steel maker by output, has agreed to buy a 50 per cent stake in South Korea's top independent power producer for less than 300 billion won (*****.3 million), a source close to the deal said yesterday.Reuters - 113 words
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50 2005-05-24 15 Bloomberg [SEOUL] SK Engineerings Construction Co said it aims to complete by July 2007 a US$l.2 billion project to upgrade oil sites in Kuwait. Kuwait Oil Co and SK Engineering were to sign a contract later yesterday for the project, the company said.— BloombergBloomberg - 50 words
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543 2005-05-24 15 Bloomberg [TOKYO] Malaysia's ringgit and the Singapore dollar may give investors the biggest returns among Asian currencies because a US slowdown may prompt the Federal Reserve to slow or stop its interest rate increases. said investment guru Marc Faber. Mr Faber,Bloomberg - 543 words
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235 2005-05-24 15 Bloomberg [TOKYOI Mitsubishi Motors Corp, Japan's fifth-largest carmaker by unit sales, said its annual loss more than doubled to a record as sales dropped every month. The company's loss increased to 474.8 billion yen (557.2 billion) in the year ended March, from a lossBloomberg - 235 words
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Article24 2005-05-24 15 L i it* 1 tTu yf V3^J5* t MA^'' 1 fai isS* %tiMli j'-li 11LllftlIIJ' f ilial 'J.t'i* 1 r'24 words
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224 2005-05-24 15 Reuters [MANILA] San Miguel Corp, South-east Asia's largest food and beverage firm, has been invited to bid again for a 40 per cent stake in Del Monte Pacific Ltd which Italian firm Cirio is selling, local newspapers reported yesterday. Philippines-based San MiguelReuters - 224 words
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Page 15 Advertisements
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Advertisement8 2005-05-24 15 Booster Capital Guaranteed Fund SGDRID 12/05/05 9,61 SGD8 words
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Advertisement44 2005-05-24 15 Our Client is a fast growing established College of Nursing in Metro Manila, Philippines offering a Bachelor of Science in Nursing. The present owners are looking for investors interested in expanding the business. TRAINING AND CORPORATE SERVICES (TACS) INC. Telephone: (632) 753-1575 Email: corp@tacs-ph.com44 words
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Advertisement166 2005-05-24 15 Jet to Tokyo in Style 0r Singapore to Tokyo/Osaka (via Tokyo) Round trip Ml M m y "■7» Good Times Fly u>* Ajfeft rK r** v■>'\~ r Terms A Conditions: Fares shown are valid for departure from Singapore toTokyo'Osaka (via Tokyo) from now to 30 June 2005 (based on departure166 words
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AVIATION/SHIPPING
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502 2005-05-24 16 It lobbies for more border controls in Europe to combat terrorism AFP 1 WASHINGTON] US Homeland Security Secretary Michael Chertoff heads to Europe this week to lobby for tighter transportation security controls to better combat terrorism. "I look forward to my first trip overseas," MrAFP - 502 words
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331 2005-05-24 16 Bloomberg [HONG KONG] Shenzhen Airlines Co, a Chinese domestic carrier, sold a 65 per cent stake to two private companies in a government auction, part of the country's plan to allow more private ownership in the aviation industry. Yi Yang Group andBloomberg - 331 words
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Article, Illustration405 2005-05-24 16 AP [BANGKOK] A US Justice Department inquiry has found no evidence that an American company bribed Thai officials to secure a contract to provide airport security equipment, the US Embassy said on Saturday. The findings will likely ease pressure on Thailand's PrimeAP; BLOOMBERG FILE PHOTO - 405 words
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Article385 2005-05-24 16 AIRLINE CODES: AA: American Airlines (AAL), AF Air France (AFR), AI: Air India (AK), AY Finnair Oy (FIN), AZ: Alitalia Airlines (AZA),BA: British Airways Public Ltd Co (BAW), BG Biman Bangladesh Airlines (BBC), BI: Royal Brunei Airlines Sdn Bhd (RBA), BO Bouraq Airlines (BOU), BR EVA385 words
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284 2005-05-24 16 Reuters [HONG KONG] China's biggest shipping company, China Ocean Shipping (Group) Co (Cosco), has ordered another four 10,000TEU (twenty-foot equivalent unit) container ships, it said yesterday. The order for four of the largest container vessels in the world, at a cost of more thanReuters - 284 words
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143 2005-05-24 16 AFP [COLOMBO) Sri Lanka will build a bunkering port financed by China in the island's remote southern tip to service international shipping, Ports and Aviation Minister Mangala Samaraweera said last week. The minister said the government was determined to go aheadAFP - 143 words
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Article289 2005-05-24 16 *0 *»y20 SS W W CH Offshore 035 -0X11 218 ChuanHup 0.74 0.01 655 Cosco Corporation 172 0.04 6650 CCTDMribution.... ...-0.66 -0X11 10 EvaHMgi 126 OjOI 194 Freight Links 0.06 unch 59 Grand Bants Yacht 0.92 unch 0 Jayetlofc«ngi 1j04 unch 389 K1 Venture 0.26 unch 640 Keppet289 words
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Article, Illustration232 2005-05-24 16 AFP [BERLIN] The Norway cruise liner, once one of the most glamorous vessels in the world, set sail from the German port of Bremerhaven yesterday to head for Malaysia, its owners said. Five tugs guided the ship from its moorings and the shipAFP - 232 words
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Page 16 Advertisements
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Advertisement475 2005-05-24 16 IN THE MATTER OF THE COMPANIES ACT, CHARTER 50 AND IN THE MATTER OF TECHMEX TECHNOLOGY INTEGRATORS PTE LTD (Co. Reg. No. *****0870G) NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the members of TECHMEX TECHNOLOGY INTEGRATORS PTE LTD duly convened and held on 16 May 2005 at 10.00475 words
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Advertisement438 2005-05-24 16 Gall toll-free 1800 289 8822 In the Motter of the Companies Act, Cap. 50 And In the Matter of 1. HO-SHIN ENGINEERING PTE. LTD. (IN LIQUIDATION) (Company No.: *****2093E) 2. SOMEDICO (PRIVATE) LIMITED (IN LIQUIDATION) (Company No.: *****0151R) 3. NET MEGASTORE PTE LTD (IN LIQUIDATION) (Company No.: *****5255W) 4. BHP438 words
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SHIPPING
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Article, Illustration444 2005-05-24 17 They will buy each other's shares in a strategic tie-up to compete with NYK Bloomberg [TOKYO] Mitsui OSK Lines Ltd, Japan's second-largest shipping line, said it will form an alliance with freight forwarder Kintetsu World Express Inc to expand their air, seaBloomberg; FILE PHOTOS - 444 words
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444 2005-05-24 17 Reuters [SHANGHAI] A top Chinese infrastructure official expressed confidence that mammoth port expansion plans to meet demand for handling containers, bulk goods and oil would not lead to overcapacity. Communications Minister Zhang Chunxian said in an interview yesterday on the sidelines of aReuters - 444 words
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220 2005-05-24 17 Reuters [SHANGHAI] Sea container traffic in Shanghai, the world's third-busiest container port, is expected to rise by 17 per cent this year as China's robust export growth continues, Shanghai Mayor Han Zheng said yesterday. China's biggest port is expected to handleReuters - 220 words
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Page 17 Advertisements
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Advertisement440 2005-05-24 17 June 2005 (Friday) The Suntec Fees: Ss2so (Inclusive of tea <-• > ji!BMraaiHk^fflEEmMi^KHiaii»fe»^BKl^^BM^M! r i'jj] 'sliiy j j After more than two decades growth, China's have gone substantial changes and experienced significant regional differences in terms of Cuatt of Nentsw economic fundamentals, trade and investment environment government fiscal condition, social-environment440 words
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Advertisement375 2005-05-24 17 Direct connection from China to S.E. Asia Cooperation between the two lines to be further built up Heung A shipping and SIX Pan Ocean offer a shipping market caused by growing China new joint operation service directly linking China through the strategic co-operation between the to S.E. Asia in late375 words
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EDITORIAL & OPINION
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528 2005-05-24 18 EDITORIAL RECENT US numbers have all but silenced the worries of doomsday prophets who, barely a month ago, were frightening us with talk of a return to 1970s style stagflation in the US economy or, at the very least, a disturbing soft spot. That528 words
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Article, Illustration808 2005-05-24 18 VIRGINIA POSTREL - Readers need more than facts they want news consistent with their beliefs, say researchers By VIRGINIA POSTREL NYT TO the consternation of many journalists, there is a widespread, and increasingly noisy, belief that the media are biased. The report in Newsweek,NYT; BLOOMBERG; AP FILE PHOTO - 808 words
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Article, Illustration773 2005-05-24 18 LEON HADAR - THE BOTTOM LINE LEON HADAR Washington Correspondent RESPONDING to rising political pressures in Washington, President George W Bush and his aides have decided to adopt a more aggressive public approach vis-a-vis China trade policies, igniting new tensions between Washington and Beijing. The Bush773 words
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Article, Illustration1563 2005-05-24 19 TIGER TONG - Transition has its rewards for foreign players looking for a piece of the action By TIGER TONG NO one doubts China is an attractive location for manufacturing. But its financial services sector remains relatively unfamiliar to many. As the Chinese populationREUTERS - 1,563 words
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Article663 2005-05-24 19 SHINICHI HASEGAWA - By SHINICHI HASEGAWA FORCED labour in all its forms whether imposed by states or private agents linked to poverty and discrimination or arising from trafficking and migration is the dark underside of the global economy and the antithesis of decent work. This is the main663 words
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Page 19 Miscellaneous
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Miscellaneous202 2005-05-24 19 CRYPTIC CROSSWORD (7) I 9 T 9 u Upo r W l(s) 16 Drunkenly laces a gin produc- YESTERDAY'S SOLUTION 3 renity (9) 17 Across: 1 Cockatrice. 6 Taxi. 10 4 Handled hazardous trade in 17 F P°'' for exam P e 9 lven first Aesop. 11 Small arms, 12202 words
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Article3302 2005-05-24 20 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local curr In SS In USS dy yr dy yr dy Syr May 20 Index Change Change Change Change Change Change World Index Preliminary 853.3 -0.2 0.1 -0.1 -1.1 -0.4 -2.8 EAFE Preliminary 789.6 0.1 2.2 -0.1 -23 -0.5 -4.1 Europe Preliminary3,302 words
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Page 21 Advertisements
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Advertisement1838 2005-05-24 21 IMPORT NORTH AMERICA I 11 AUSTRALIA/NEW ZEALAND I [SUPER SHUTTLE EXPRESS (SSX) [AUfIffIALIA ASIA Pfmrmi VESSEL VOY LGB PKG I I OOCL ROTTERDAM 11W18 11/05 29/05 31/05 YtSStl OOCL NINGBO 09W19 18/05 05/06 07/04 PM NEDUOYD ADELAIDE 90N OMIT 14/05 11/05 10/05 24/05 29/05 31/05 OOCI HAMBURG 11W20 25/05 12/041,838 words
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Advertisement672 2005-05-24 21 IxwMttmftbtOfwici vesa/vor umm hbohtw m kh m «t SIUITSVBmjK 10/05 IS il 10/05 12/05 STVAITS VBITUKEII/D5 1$ J.l 11/05 14/D5 2V05 01/04 03/04 IsmmvamiKiz/Ds is n OS/04 m/w I I iAUSTRAUAN IQ>O jWVKI 1 VBS&/VOT I tAMPffT) IHBGHUWI IB IMI |«T M STP MR M WfISWI U~ COLUMBIA L£AOEK /32672 words
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Advertisement901 2005-05-24 22 MHi fnnklnar mvl vOiiiDliw# r a range of shipping modes io ensure timely, reliable services covering major ports in Norm America, Europe, Japan, Asia, Africa Oceania. Abe acctpt htra-Asta Oqm te: BUSAN KWANGYANG SHANGHAI YAMTMN XIAMEN QMGMO KAOHSIUH6 BANGKOK LAIM CHAIAHG mXMHUMH FASH GUPAMG PPIAH6 POW KUNG For Schedules, BL901 words
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Advertisement607 2005-05-24 22 m scsas^ WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICO POINTS! VCStI I VOY |sm 1 pjhamgl ctxowo H S«VA 1 COiOWO I I I I I I I _—I HSO tawnm Fa to axm tutkcthn (via cotwoi m mm t 60*1 (via n smvai mmam607 words
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Advertisement766 2005-05-24 23 Mj(Jl# WALLENIUS WILHELMSEN website: http://www.2wglobal.tom VESSEL ~VOY RAMP HEIGHT SIN IK MAO HOW ~MIA SAV »*l 0»f NYC ~HtW~ MOB TAMERLANE AFSIS 3201 MS 6.4 M 11/06 02/07 11/07 15/07 11/07 14/07 TAIKO AFSI6 4201 MS 6.4 M IS/06 21/07 2S/07 29/07 27/07 31/07 TARONGA AFSIB 3201 MS 6.25 M766 words
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Advertisement1325 2005-05-24 23 vissa yor sin pgu vissa vor an jkt ncumk M73N 207qLZ 20/05 ffMu 4147 22/ os »/os PAC lAHPA 1474* 22/05_ MOO ZgMH 2705 I Of 2301 0123P 22/05 23/05 MCMU 4161 29/05 01/06 nCOAMPA M7iN U/Si 23/05 1— pacmnpa IiZM! HZfIS 24/05 ■■■n.l' 11l ill Ifilf Mm 8124? 24/951,325 words
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THE BUSINESS TIMES SHIPPING TIMES
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PROPERTY
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Article, Illustration347 2005-05-24 25 KALPANA RASHIWALA - And Stansfield buys Riverwalk podium floor for $5.9m By KALPANA RASHIWALA A SUBSIDIARY of developer Novelty Group last week paid $12.6 million for a 56,355 sq ft freehold site in Yio Chu Kang that was put up for auction by the ta?2man. TheFILE PHOTO - 347 words
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Article, Illustration828 2005-05-24 26 KALPANA RASHIWALA - Pioneering the Reit market is the group's biggest achievement, CEO tells KALPANA RASHIWALA KALPANA RASHIWALA CAPITALAND president and CEO Liew Mun Leong singles out pioneering the Singapore Real Estate Investment Trust (Reit) market as the group's biggest achievement. "We not merely pioneered Reits here but structured them828 words
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Article345 2005-05-24 26 CAPITALAND chief Liew Mun Leong has been busy not only getting the group's financial balance sheet into shape but also building up its "human capital balance sheet", as he puts it "I can tell you that if you look at our company and compare us with345 words
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Page 25 Advertisements
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Advertisement208 2005-05-24 25 1e C6NT€R PLAZA J r J International Clientele Ideal Investment Opportunity Over 70% has been leased out to mulmMional companies, eg Proder t Gamble. Entire bkx* of tower B totaling 13 storeys wtti a GF* of 170.000 aquar* PncewrtertiouseCocperv Ernst ft Young. Credrt Suisse. ÜBS, VMM Disney, Plaza feet (i208 words
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Advertisement37 2005-05-24 25 OFFICE SPACE AT THE HEEREN 260 ORCHARD ROAD From 700 to 4,100 sq ft Bare units available Column free layout Raised flooring 5 mins. walk to Orchard Somerset MRT Jelena 6839 7223 Swee Cheng Management Pte Ltd37 words
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Advertisement1760 2005-05-24 25 at 31 December 2004 for the year ended 31 December 2004 2004 2003 2004 2003 t million million million million Assets Interest receivable: Cash and balances at central banks 1,078 1,195 Interest receivable and similar income Items in course of collection from banks 1,462 1,447 arising from debt securities 4231,760 words
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Advertisement194 2005-05-24 25 IN THE MATTER OF THE COMPANIES ACT, CAP. 5* AND IN THE MATTEtt OF LATITUDE WEB PTE LTD (la Members' Voluntary Liquidation) Registration No. *****4151K NOTICE OF FIN At MRKTINr. NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap. 50, the Pinal Meeting of the194 words
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Advertisement171 2005-05-24 25 VOUCSWAGB4 HNANCIAL SERVICES SMGAPORE LTD. *****,000,000 MULTICURRENCY DEBT ISSUANCE PROGRAMME SERES NO. 007 5520,000,000 GUARANTIED FLOAHNG RATE NOTES DUE 2010 Pursuant to Condition 15 of the Notes, notice is hereby given that for the Interest Period beginning on 24 May 2005 and ending on (but excluding) 24 November 2005, the171 words
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Advertisement254 2005-05-24 26 i Prime Residential Site in District 09 mrt Phoenix Mansion Cairnhill Road i Anglo-Chinese Goodwood Sr |rSch pk Hotel I; Freehold Far rf Site area 2,682.4 sq m (28,873 sq ft) a f m Residential Grand subiect Plot Ratio 2.8 **2 hSpS 1 Possibility of purchasing adjoining state land o254 words
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